In banknifty we can clearly see that it has given a close above CPR and its R1. Whenever the prices close above the CPR and/or R1 it is said that prices move up.
In nifty it has given a close above CPR and weekely central pivot. So again an upmove is expected. Buy on dips is suggested for the coming session on 13/8/2019. CPR and pivots are marked with blue arrows on a daily chart. Hollow candles can be used just to see where the exact pivot is inside the candle. Thank you.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.