Nifty can bounce till 11945 to 11960 range and there one can take a positional short for a target of 11840 and 11790.
The 2 day CPR relation as of now suggests selling the rips. Any EOD close above 11990 can encourage the bulls to take the index higher.
On Monday on 60mins chart a VCPR is seen which means again sell if nifty comes till 11950 range. The CPR was wide which means price action won't pierce the CPR that easily and take the index high unless some good news flows in. The data published are bad enough. Plus today is a trading holiday. My sentiment is selling the rips until we close above 11990 with strong price action.
Message me to learn the 2 days CPR relationship.
The 2 day CPR relation as of now suggests selling the rips. Any EOD close above 11990 can encourage the bulls to take the index higher.
On Monday on 60mins chart a VCPR is seen which means again sell if nifty comes till 11950 range. The CPR was wide which means price action won't pierce the CPR that easily and take the index high unless some good news flows in. The data published are bad enough. Plus today is a trading holiday. My sentiment is selling the rips until we close above 11990 with strong price action.
Message me to learn the 2 days CPR relationship.
Trade active:
intraday spot nifty high 11946 then gave a fair chance till 11912...This is how the patterns work in 5mins chart. To learn the CPR relations and strong patterns message me. Thank you.
Trade closed: target reached:
Profit booked!!! Perfect charting!!!
Trade closed: target reached:
Picture perfect trade!!!