5524 Todays Nifty Intraday movement probability view
1. Three time rejection on upside clearly shows that nifty currently does not like to break the higher level of 18366.
2. Last two days, nifty touched the previous day low; This indicates the weakness in Nifty.
3. Probable current opening of nifty in between the previous day high and low, indicates the indecision of the market.
4. it looks 18150 to 18340 is a upside side way movement. Breakdown of 18150 is bearish bias.
5.CPR level is narrow indicates the breakout or breakdown scenarios. But CPR formation is below the previous day CPR. Hence a probability of bearish bias.
SL compulsory
Duration: Intraday
2. Last two days, nifty touched the previous day low; This indicates the weakness in Nifty.
3. Probable current opening of nifty in between the previous day high and low, indicates the indecision of the market.
4. it looks 18150 to 18340 is a upside side way movement. Breakdown of 18150 is bearish bias.
5.CPR level is narrow indicates the breakout or breakdown scenarios. But CPR formation is below the previous day CPR. Hence a probability of bearish bias.
SL compulsory
Duration: Intraday
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.