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Today we are going to see the Intraday Analysis for Nifty and Bank Nifty for 17-Feb-2021..
1st one: Bank Nifty:
Bank nifty has opened at 37492.60 and touched the day high of 37708.75 which is Resistance R1 of pivot range and retraced to day low of 36762.75 and closed at 37098.40
Bank Nifty has not touched yesterday day low or Virgin CPR of 15-Feb-21. Hence the VIRGIN CPR is extened tomorrow also.
Excepted CPR:
CPR: 37235.75 & 37144.20
Pivot: 37190.00
Pivot Based Support and Resistance
R1 37,617.20 S1 36,671.20
R2 38,136.00 S2 36,244.00
R3 39,082.00 S3 35,298.00
CPR: Bullish Bias.
Moving Average Exponential:
50 Days: 37055.98
20 Days: 37050.89
Expectation Tomorrow:
Case 1 :
If the script has goes above the day high go for long.
Target: 38100
Case 2 :
If the script goes below the CPR. Go for short.
Target : 36600 & 36400
Impression: CPR was Bullish go for Long. If the script goes above today High.
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2nd Nifty:
Nifty has opened at 15371.45 and touched the day high of 15431.75.
Nifty was retraced back and breaked the Previous Day High which will acted as support was the turning point and breaked the today cpr and touched the day low of 15242.20 which was near to previous day low was acted as support once again and closed at 15313.45.
Yesterday Virgin CPR was extended today but not reached touched. Hence it will extended tomorrow as well.
Excepted CPR:
CPR: 15337 & 15321.30
Pivot: 15329.15
Pivot Based Support and Resistance:
R1 15,416.10 S1 15,226.55
R2 15,518.70 S2 15,139.60
R3 15,708.25 S3 14,950.05
CPR: Bullish Bias
Moving Average Exponential:
50 Days: 15313.65
20 Days: 15306.93
Expectation Tomorrow:
Case 1:
If the Script breaks Excepted CPR and today's low then go for short.
Target: 15175
Case 2:
If the script moves above the CPR and Day High go for Long:
Target - 15500
Disclaimer: Kindly do your own analysis before executing this trade. I am not a SEBI Registered Analyst.
Today we are going to see the Intraday Analysis for Nifty and Bank Nifty for 17-Feb-2021..
1st one: Bank Nifty:
Bank nifty has opened at 37492.60 and touched the day high of 37708.75 which is Resistance R1 of pivot range and retraced to day low of 36762.75 and closed at 37098.40
Bank Nifty has not touched yesterday day low or Virgin CPR of 15-Feb-21. Hence the VIRGIN CPR is extened tomorrow also.
Excepted CPR:
CPR: 37235.75 & 37144.20
Pivot: 37190.00
Pivot Based Support and Resistance
R1 37,617.20 S1 36,671.20
R2 38,136.00 S2 36,244.00
R3 39,082.00 S3 35,298.00
CPR: Bullish Bias.
Moving Average Exponential:
50 Days: 37055.98
20 Days: 37050.89
Expectation Tomorrow:
Case 1 :
If the script has goes above the day high go for long.
Target: 38100
Case 2 :
If the script goes below the CPR. Go for short.
Target : 36600 & 36400
Impression: CPR was Bullish go for Long. If the script goes above today High.
___________________________________
2nd Nifty:
Nifty has opened at 15371.45 and touched the day high of 15431.75.
Nifty was retraced back and breaked the Previous Day High which will acted as support was the turning point and breaked the today cpr and touched the day low of 15242.20 which was near to previous day low was acted as support once again and closed at 15313.45.
Yesterday Virgin CPR was extended today but not reached touched. Hence it will extended tomorrow as well.
Excepted CPR:
CPR: 15337 & 15321.30
Pivot: 15329.15
Pivot Based Support and Resistance:
R1 15,416.10 S1 15,226.55
R2 15,518.70 S2 15,139.60
R3 15,708.25 S3 14,950.05
CPR: Bullish Bias
Moving Average Exponential:
50 Days: 15313.65
20 Days: 15306.93
Expectation Tomorrow:
Case 1:
If the Script breaks Excepted CPR and today's low then go for short.
Target: 15175
Case 2:
If the script moves above the CPR and Day High go for Long:
Target - 15500
Disclaimer: Kindly do your own analysis before executing this trade. I am not a SEBI Registered Analyst.
Trade closed: target reached:
Target Achieved