Position : CPR of this month is above previous month's , indicating a outlook.
Width : CPR is narrower than previous month's, indicating a trending month.
Strong Resistance : R2,H5 and yearly H5 coinciding
Strong Support :
1) CPR , L1, L2, L3 coinciding
2) L4, yearly H4 coinciding
My analysis :
Since the CPR is narrower and above previous month's CPR , expecting NIFTY to reach H3/R1(atleast once) and higher by the end of this month.
L3/S1 already touched and bounced. If S1 is breached and sustained, expect more movement in the index.
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