NIFTY analysis for 20 Mar 2019

NSE:NIFTY   Nifty 50 Index
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.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out