NIFTY analysis for 22 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
Black Line - R1,R2(Standard Floor Pivots )
Green Line - S1,S2
Pink line - H3,H4,H5
Brown line - L3,L4,L5

The third layer is BELOW the previous day's -> Bearish outlook
Both pivots and third layer are narrower -> Trending

Trading plan:
1.) If index opens above H3 and sustains for 15 minutes, upwards movement likely, H5 should be the target or beyond
2.) If index opens below L3 and sustains for 15 minutes, huge sell off. S2/L5 should be the target.
3.) If index opens between H3 and L3 and gets rejected at H3, L3 should be your target as it will touch once.


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