Dotted Dark Blue Line - CPR Dotted Light Blue Line - CPR of Previous Timeframe Dotted Pink Line - H1,H2 Dotted Brown Line - L1,L2 Red Line - R1,R2(Standard Floor Pivots ) Green Line - S1,S2 Pink line - H3,H4,H5 Brown line - L3,L4,L5
Pivot width is inconclusive in telling whether tomorrow will be a trending or sideways market. But, since NIFTY mimics BANKNIFTY a lot, tomorrow, in my opinion, will likely be a trending day.
Pivots were above the previous day's -> BULLISH
Trading plan: 1.) If index opens between H3 and L3 and is rejected at both end, it will oscillate between these two layers. 2.) If index breaches H4/L4, H5/L5 likely will be touched. 3.) If index opens below CPR and sustains for 15 minutes, strong selloff, L5 should be target.
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