BANKNIFTY INDEX FUTURES

BANKNIFTY 15-11-2023 KURUSHETRA

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BANKNIFTY 15-11-2023

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 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 Continuous Support
1st Support Daily CPR
2nd Support Weekly CPR
3rd Support Monthly CPR (is become weekly due to many times testing)

Conclusion :
Last line of Défense for bull is Monthly CPR. Only think for sell below this zone
In intraday we think for buy from daily/weekly CPR

Yesterday Market closed in India but open in International Market.
looks like open huge gap up so I am firstly interested in sell side once its taking support from any pivot zone I will go for buy opportunities.

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