Nifty - Intraday Analysis - 25-JAN-2021
Nifty has touched the all time High of 14753.55 on 21-Jan-2021
and Nifty has touched the day low of 14517.25.
As per our analysis of 22-Jan-2021, we informed that if the
day low of 21-Jan-2021 breaked in 5mins time frame, we told
short the Nifty.
As per our expectation, the script has reached our target 14400
Analysis of 25-Jan-2021
CPR: 14488.85 & 14410.90
Pivot: 14449.85
As per our analysis CPR was wide there may be range bound
consolidation in nifty.
If the 22-Jan-2021, day low of 14357.75 was broken in 5mins
time frame then go for Short.
Target: 14250
or
If the script goes above and closes above the CPR in 5 mins
time frame then go for Long.
Target: 14620
Disclaimer: Kindly do your own analysis before executing the
trade and I am not SEBI registered Analyst.