Wide CPR for tomorrow. Expecting market to be range bound.
But as per the CPR levels, it's below the yesterday's level. It means bearish .
If market opens above CPR TC, and gives bullish green candle in the first 5 minutes closing, can expect movement upwards till Previous day high and then R1 level.
If market opens below CPR BC, and gives bearish red candle in the first 5 minutes closing, can expect movement downwards till S1 level and then previous day low.
Note: These are the technical levels as of today. But Global markets are unstable, and anything can happen to our market beyond technical. No one predict exact levels. I am not SEBI registered analyst. Just learning and sharing my views.
But as per the CPR levels, it's below the yesterday's level. It means bearish .
If market opens above CPR TC, and gives bullish green candle in the first 5 minutes closing, can expect movement upwards till Previous day high and then R1 level.
If market opens below CPR BC, and gives bearish red candle in the first 5 minutes closing, can expect movement downwards till S1 level and then previous day low.
Note: These are the technical levels as of today. But Global markets are unstable, and anything can happen to our market beyond technical. No one predict exact levels. I am not SEBI registered analyst. Just learning and sharing my views.
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