Nifty Pre-Market Report
CPR Battlefield Levels
TC · Top Central
23,553
Pivot · Center
23,495
BC · Bottom Central
23,437
R1 · Resistance
23,642
PDH 23,758
S1 · Support
23,233
PDL 23,348
CPR Width
Wide
CPR Type
Descending
Bias
Bearish
Range vs 14D ATR
Expansion
(ratio: 1.57)
Close vs Weekly CPR
Strong Bearish
(range: 24,178 – 24,182)
Expectation
CPR is wide and yesterday already saw a large move — a digestion day is highly likely. Price is likely to consolidate within the CPR band. Avoid aggressive trades. Let price find balance first.
Breadth, Flows & Positioning · 12 May