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Today we are going to see the Intraday Analysis for Nifty and Bank Nifty for 18-Feb-2021.. Expiry Day Trading
1st one: Bank Nifty:
Bank nifty has opened at 37041.95 and touched the day low of 36764.25 which was near to previous day low and retraced to the day high of 37331.45 and closed at 36910.95
Bank Nifty has not touched Virgin CPR of 15-Feb-21. Hence the VIRGIN CPR is extened tomorrow also.
Excepted CPR:
CPR: 37047.85 and 36956.60
Pivot: 37002.25
Pivot Based Support and Resistance
R1 37,240.20 S1 36,673.00
R2 37,569.45 S2 36,435.05
R3 38,136.65 S3 35,867.90
CPR: Bullish Bias.
Moving Average Exponential:
50 Days: 36996.48
20 Days: 36943.13
Expectation Tomorrow:
Case 1 :
If the script has goes above the day high go for long.
Target: 38100
Case 2 :
If the script goes below the CPR. Go for short.
Target : 36700 & 36400
Impression: CPR was Bullish go for Long. If the script goes above today High.
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2nd Nifty:
Nifty has opened at 15279.90 and touched the day high of 15314.30.
Nifty was retraced back and breaked the Previous Day High which will acted as support was the turning point and touched the day low of 15170.75 and closed at 15208.90
15Feb21 Virgin CPR was extended today but not reached touched. And Today CPR was also became a Virgin CPR. Hence Both the Virgin CPR will extended tomorrow as well.
Excepted CPR:
CPR: 15242.55 & 15220.15
Pivot: 15231.35
Pivot Based Support and Resistance:
R1 15,291.90 S1 15,148.35
R2 15,374.90 S2 15,087.80
R3 15,518.45 S3 14,944.25
CPR: Bullish Bias
Moving Average Exponential:
50 Days: 15233.24
20 Days: 15215.67
Expectation Tomorrow:
Case 1:
If the Script breaks Excepted CPR and today's low then go for short.
Target: 15175 & 15100
Case 2:
If the script moves above the CPR and Day High go for Long:
Target - 15300
Disclaimer: Kindly do your own analysis before executing this trade. I am not a SEBI Registered Analyst.