BANKNIFTY 13-11-2023
Daily CPR > Yearly ,Monthly, Weekly CPRs
Weekly CPR > Yearly CPR and Monthly CPR
Monthly CPR > YEARLY CPR
Conclusion : MARKET IS BULLISH
Upside there is many resistance is very short range
1st resistance Daily Selling Zone (DCH4-DPR1)
2ND resistance Weekly Selling Zone (WCH4-WPR1)
3RD resistance Monthly Selling Zone (MCH4-MPR1)
Same on Downside there is Many Continuos Support
1st Support Daily CPR
2nd Support Wekkly CPR
3rd Support Monthly CPR (is become weekl due to many times testing)
Conclusion :
Last line of Defence for bull is Monthly CPR. Only think for sell below this zone
In intraday we think for buy from daily/weekly CPR
Daily CPR > Yearly ,Monthly, Weekly CPRs
Weekly CPR > Yearly CPR and Monthly CPR
Monthly CPR > YEARLY CPR
Conclusion : MARKET IS BULLISH
Upside there is many resistance is very short range
1st resistance Daily Selling Zone (DCH4-DPR1)
2ND resistance Weekly Selling Zone (WCH4-WPR1)
3RD resistance Monthly Selling Zone (MCH4-MPR1)
Same on Downside there is Many Continuos Support
1st Support Daily CPR
2nd Support Wekkly CPR
3rd Support Monthly CPR (is become weekl due to many times testing)
Conclusion :
Last line of Defence for bull is Monthly CPR. Only think for sell below this zone
In intraday we think for buy from daily/weekly CPR