Will Nifty and Bank Nifty Bounce Back on 22-Feb-21?
Hi guys today we are going to analysis the intraday analysis for Bank Nifty and Nifty for 22-Feb-2021.
1st Bank Nifty:
On 19-Feb-2021, Bank Nifty has opened at 36371.55 and touched the initial high of 36609.50 and the initial high was broken and bank nifty touched the day high the CPR was acted as the strong resistance and pushed the index.
The index was once breaked the pivot based support 1 it has breaked the initial low and Support 2 and touched the day low of 35584.60 and retraced & Closed at 35841.60
As per our analysis the Index achieved our target 36000 and 35700.
Excpeted CPR:
CPR: 36120.40 & 35934.55
Pivot: 36027.50
Pivot Based support and Resistance:
R1 36,470.35 S1 35,398.75
R2 37,099.10 S2 34,955.90
R3 38,170.70 S3 33,884.30
CPR will be bullish bais
Exponential Moving Average:
50Days EMA: 36048.06
20Days EMA: 35881.53
Case 1:
If the Script breaks the below expected CPR go for Short
Target: 35500 and 35000
Case 2:
If the script breaks above the expected cpr go for long.
Target: 36400 and 36600.
2nd Nifty:
1st Bank Nifty:
On 19-Feb-2021 Nifty has opened at 15074.80 and touched the initial high of 15120.65 and the initial high was broken and nifty touched the day high 15144.05 which was the CPR. It was acted as the strong resistance and pushed the index.
The index was once breaked the pivot based support 1 it has breaked the initial low 15028.70 and Support 2 and touched the day low of 14898.20 and retraced & Closed at 14981.75
As per our analysis the Index achieved our target 15080 and 15000.
Excpeted CPR:
CPR: 15021.15 & 14994.85
Pivot: 15008.00
Pivot Based support and Resistance:
R1 15117.80 S1 14871.95
R2 15253.85 S2 14762.15
R3 15499.70 S3 14516.30
CPR will be bullish bais
Exponential Moving Average:
50Days EMA: 15016.25
20Days EMA: 14983.64
Case 1:
If the Script breaks the above expected CPR go for Long
Target: 15150
Case 2:
If the script breaks below the expected cpr go for short.
Target: 14900 & 14800
Disclaimer: Kindly do your own analysis before executing this trade. I am not a SEBI Registered Analyst.
1st Bank Nifty:
On 19-Feb-2021, Bank Nifty has opened at 36371.55 and touched the initial high of 36609.50 and the initial high was broken and bank nifty touched the day high the CPR was acted as the strong resistance and pushed the index.
The index was once breaked the pivot based support 1 it has breaked the initial low and Support 2 and touched the day low of 35584.60 and retraced & Closed at 35841.60
As per our analysis the Index achieved our target 36000 and 35700.
Excpeted CPR:
CPR: 36120.40 & 35934.55
Pivot: 36027.50
Pivot Based support and Resistance:
R1 36,470.35 S1 35,398.75
R2 37,099.10 S2 34,955.90
R3 38,170.70 S3 33,884.30
CPR will be bullish bais
Exponential Moving Average:
50Days EMA: 36048.06
20Days EMA: 35881.53
Case 1:
If the Script breaks the below expected CPR go for Short
Target: 35500 and 35000
Case 2:
If the script breaks above the expected cpr go for long.
Target: 36400 and 36600.
2nd Nifty:
1st Bank Nifty:
On 19-Feb-2021 Nifty has opened at 15074.80 and touched the initial high of 15120.65 and the initial high was broken and nifty touched the day high 15144.05 which was the CPR. It was acted as the strong resistance and pushed the index.
The index was once breaked the pivot based support 1 it has breaked the initial low 15028.70 and Support 2 and touched the day low of 14898.20 and retraced & Closed at 14981.75
As per our analysis the Index achieved our target 15080 and 15000.
Excpeted CPR:
CPR: 15021.15 & 14994.85
Pivot: 15008.00
Pivot Based support and Resistance:
R1 15117.80 S1 14871.95
R2 15253.85 S2 14762.15
R3 15499.70 S3 14516.30
CPR will be bullish bais
Exponential Moving Average:
50Days EMA: 15016.25
20Days EMA: 14983.64
Case 1:
If the Script breaks the above expected CPR go for Long
Target: 15150
Case 2:
If the script breaks below the expected cpr go for short.
Target: 14900 & 14800
Disclaimer: Kindly do your own analysis before executing this trade. I am not a SEBI Registered Analyst.
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