Bullish view CPR and Point of control serving as Support Long

Nifty Bank IndexNSE

Description

⋅ Jun 5, 2023 11:25 AM

Expect VPOC to provide resistance for both BankNIFty and NIFTY in the coming days and move the markets above R1 and R2.

Not Bearish at this point in time.

Strong sentiments and momentum seen in line wiht the tight CPR range.

Trade closed: stop reached

⋅ Jun 6, 2023 5:53 AM

Didnt work out. View failed today. Breaking CPR's BC where I had my SL for my put position booked a loss. Till next move on Holding pattern.