Bank Nifty - Intraday Analysis for 25-Jan-2021

2021年1月23日

Bank Nifty has all time High of 32842.30
The Index was opened at 32088.00 22-Jan-2021 and touched the
day high of 32131.40.

Expectation on Monday:

CPR:

Pivot 31,472.85
Bottom CPR 31,625.65
Top CPR 31,320.05

Since the CPR was wide, there may be possiblity of
Range bound market.

Range Bound with 30800- 31700

My Expectation:

If day low of 22-jan-2021, breaks below 31100 in
5min time frame, go for Short

Target - 30800

or

If the script moves above the Yesterday above 31650 the cpr
go for the long

Target - 32100

Disclaimer: Kindly do your own analysis before executing
the Trade.

And , I am not a SEBI registered analyst.