The Dev CPR is super narrow today, which means tomorrow expiry will be interesting. Now today's static CPR is VIRGIN the one in the red box.
Virgin CPR means when the price does not touch the CPR and the next day probability is high to touch the virgin CPR.
The nifty spot has closed 11999.10 and golden pivots are there to support at 11978 and 11971.
Coming to the 1 and 2 numbered blue arrows:
1 number is opening high, taking support at golden pivots and heading towards a new high.
2 number is opening flat, taking support at golden pivots and coming down back to virgin CPR and then a bounce back.
Play with proper stops.
Happy trading!!!
Virgin CPR means when the price does not touch the CPR and the next day probability is high to touch the virgin CPR.
The nifty spot has closed 11999.10 and golden pivots are there to support at 11978 and 11971.
Coming to the 1 and 2 numbered blue arrows:
1 number is opening high, taking support at golden pivots and heading towards a new high.
2 number is opening flat, taking support at golden pivots and coming down back to virgin CPR and then a bounce back.
Play with proper stops.
Happy trading!!!
Trade active:
golden pivots touch then up!! lets see what happens next!!
Trade closed: target reached:
11925...VIRGIN CPR target done!!!