BANKNIFTY 17-11-2023
Daily CPR > Yearly ,Monthly, Weekly CPRs
Weekly CPR > Yearly CPR and Monthly CPR
Monthly CPR > YEARLY CPR
Conclusion : All CPRs are aliened for Bull Market.
Upside there is two main resistance
1st resistance Daily Selling Zone (DCH4-DPR1)
2nd resistance Monthly Selling Zone (MCH4-MPR1)
Same on Downside there is two important Support Zone
1st Daily Buying Zone (nPS1-nCL4)
2nd Weekly CPR
Conclusion :
Big move upside will see after breakout of 2nd resistance Monthly Selling Zone (MCH4-MPR1)
Big move downside will see after breakdown of 2nd Weekly CPR
but on downside multiple small support we may see SO only scalp downside
Market is coming down for gap filing
Daily CPR is WIDE in Nature so expecting a SIDEWAYS movement
i am Sticking of Buy on dip
Daily CPR > Yearly ,Monthly, Weekly CPRs
Weekly CPR > Yearly CPR and Monthly CPR
Monthly CPR > YEARLY CPR
Conclusion : All CPRs are aliened for Bull Market.
Upside there is two main resistance
1st resistance Daily Selling Zone (DCH4-DPR1)
2nd resistance Monthly Selling Zone (MCH4-MPR1)
Same on Downside there is two important Support Zone
1st Daily Buying Zone (nPS1-nCL4)
2nd Weekly CPR
Conclusion :
Big move upside will see after breakout of 2nd resistance Monthly Selling Zone (MCH4-MPR1)
Big move downside will see after breakdown of 2nd Weekly CPR
but on downside multiple small support we may see SO only scalp downside
Market is coming down for gap filing
Daily CPR is WIDE in Nature so expecting a SIDEWAYS movement
i am Sticking of Buy on dip