Dotted Blue Line - CPR
Dotted Pink Line - H1,H2
Dotted Brown Line - L1,L2
Red Line - R1,R2(Standard Floor Pivots)
Green Line - S1,S2
CPR(13 MAR) is way above CPR(12 MAR). BULLISH day ahead.
Since CPR is way wide, it appears that today will be a sideways market.
CPR overlaps with L1 and L2, meaning CPR becoming a very strong support.
1) If low of...
In part 1, I described that the Index, in my opinion, will be bullish for the rest of the year, as long as it doesn't breakout L3.
As the the trend is going to be BULLISH, I have used R2-S1 approach.
S1 being the lowest point of the year and R2 being the highest point of the year.
Fortunately, H5 and R2 are visually very near and it has become the target of the...
In this part, we see the pivot width and two year pivot relationship to understand whether this year will be trending or bracketed for BANKNIFTY.
1.)Analysis on the basis of Standard Floor Pivots.
The two year pivot relationship shows the upcoming year will be bullish. The CPR of 2019 is way above CPR of 2018.
The CPR of 2019 is also narrow indicating a trending...
In previous analysis, i discussed that, in my opinion, this year the market is going to be of a trending nature.
Let's see what happens when the breakout occurs near the virtual resistance or support.
1.) Breakout near virtual resistance.
H3 level is the important level to look for. Any sign of weakness or reversal will give a great opportunity to go short....
Part 1 deals with pivot width and two year pivot relationship to estimate whether this year will be a trending market or bracketed.
1.) Analysis on the basis of Standard Floor Pivots
Central Pivot Range (2019) is abnormally narrow, suggesting a trending market, but not sure of the direction yet.
CPR of 2018 is way below that of 2019, suggesting a bullish market,...
Disclaimer: The lines are drawn as estimate...use pivot calculators online to get exact pivot points
Let's go one by one:
Two week CPR(Central Pivot Range) relationship :
Green shows previous week's CPR and Blue show's this week's CPR. As you can clearly see, the two CPR's relationship is clearly bullish, as this week's CPR is