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    CPR BY KGS Newsletter Issue 01

    Uploaded by

    Bhupesh Singh
    The bulls drove markets to new all-time highs over the last couple months. Last week, the Nifty hit a fresh record high as all sectors saw strong momentum and rallies. The newsletter recaps the narrow Central Pivot Range seen in the Nifty and Bank Nifty last week, which led to trending markets. It identifies the IT sector as one that surged over 6% last week. The trade plan provides outlook and expectations for the coming week, identifying FMCG and PSU Bank sectors as ones likely to perform well.

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    CPR BY KGS Newsletter Issue 01

    Uploaded by

    Bhupesh Singh
    58 views5 pages
    The bulls drove markets to new all-time highs over the last couple months. Last week, the Nifty hit a fresh record high as all sectors saw strong momentum and rallies. The newsletter recaps the narrow Central Pivot Range seen in the Nifty and Bank Nifty last week, which led to trending markets. It identifies the IT sector as one that surged over 6% last week. The trade plan provides outlook and expectations for the coming week, identifying FMCG and PSU Bank sectors as ones likely to perform well.

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    The bulls drove markets to new all-time highs over the last couple months. Last week, the Nifty hit a fresh record high as all sectors saw strong momentum and rallies. The newsletter recaps the narrow Central Pivot Range seen in the Nifty and Bank Nifty last week, which led to trending markets. It identifies the IT sector as one that surged over 6% last week. The trade plan provides outlook and expectations for the coming week, identifying FMCG and PSU Bank sectors as ones likely to perform well.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    58 views5 pages

    CPR BY KGS Newsletter Issue 01

    Uploaded by

    Bhupesh Singh
    The bulls drove markets to new all-time highs over the last couple months. Last week, the Nifty hit a fresh record high as all sectors saw strong momentum and rallies. The newsletter recaps the narrow Central Pivot Range seen in the Nifty and Bank Nifty last week, which led to trending markets. It identifies the IT sector as one that surged over 6% last week. The trade plan provides outlook and expectations for the coming week, identifying FMCG and PSU Bank sectors as ones likely to perform well.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    JANUARY 10, 2021 ISSUE 01

    WEEKLY NEWSLETTER
    -GOMATHI SHANKAR

    THE BERSERK BULLS !!!

    Over the couple of months, bulls were on a rampage and bears became feeble to take the price down.

    The indomitable bulls led the markets to hit a fresh all time high. All the sectors blazoned some good

    momentum and gave a overarching rally.

    NIFTY - RECAP:

    Nifty, capital index of NSE was having a wide CPR in the earlier week (Dec 28-Jan 01). Here, the

    distance between the top central pivot and bottom central pivot is 200 points, which is almost

    1.44% of nifty and hence the market was staggered between PDH & R1. Due to this effect, we had

    narrow CPR in the last trading week (Jan 04- Jan 08). Wherein, the distance between the top

    central pivot and bottom central pivot is just 60 points, which is almost just 0.43% of nifty and

    hence, the market rolled up the price to achieve the feat of new high. [Ref below image].

    1 hour chart
    SCALPERS TRADING ACADEMY NEWSLETTER

    BANK NIFTY - RECAP:

    Earlier, prior to last week (Dec 28-Jan 01), we have got wide CPR. The market was stumbling between R1

    & R2 for four days (B/W Dec 29-Jan 01). The distance between the top central pivot and bottom central

    pivot is 410 points, which is almost 1.36% of bank nifty. Hence, we have encountered narrow CPR in the

    preceding trading week (Jan 04- Jan 08). Since, there was a narrow CPR the market was trending and

    also we had a gap up market for 3 continuous days (B/W Jan 06- Jan 08). The bulls have proved their

    momentum and dragged the price from CPR to R2 which is almost 1000 points. [Ref below image].

    1 hour chart

    SECTOR WHICH BLASTED LAST WEEK: (NIFTY IT)

    A week ago, there was a wide CPR (Dec 28-Jan 01). Wherein, the distance between the top central pivot

    and bottom central pivot is 465 points which is almost 1.65% of NIFTY IT. Hence, the market was in dead

    sideways. In the preceding week, we have encountered a narrow CPR (Jan 04- Jan 08). Here the

    distance between the top central pivot and bottom central pivot is just 132 points giving us the

    expectations for a trending week. As expected, the bulls have taken charge as it was a narrow CPR

    week and rallied up to 6% breaching weekly R4 leading to a hot talk in dalal street. [Ref below image].

    1 hour chart
    SCALPERS TRADING ACADEMY NEWSLETTER

    TRADE PLAN FOR UPCOMING WEEK:

    NIFTY:
    [CMP: 14347.25]
    1 hour chart
    CPR RANGE: 124.40 pts
    CPR LEVELS:
    TC - 14255
    PIVOT - 14222
    BC - 14160
    OUTLOOK:
    Ascending CPR;
    Wide CPR;
    Moderately Bullish.

    EXPECTATION:

    There is an Ascending and Wide CPR for forthcoming week.

    As the overall trend was bullish and with the realization that the economic recovery was

    gathering steam, our outlook remains to be on long side.

    Next resistance at 14700. Higher lows & New 52 week highs undoubtedly concludes bullish.

    BANK NIFTY:
    [CMP: 32084.20]
    1 hour chart
    CPR RANGE: 341 pts
    CPR LEVELS:
    TC - 31921.40
    PIVOT - 31758.65
    BC - 31595.85
    OUTLOOK:
    Ascending CPR;
    Wide CPR;
    Moderately Bullish.
    EXPECTATION:

    For the upcoming week, there is an Ascending and Wide CPR.

    In daily chart, there was a continuous red candles for 3 days which indicates that the bulls

    are quietly losing their momentum.

    Next hurdle awaiting at 32500. Good for scalping between 32000-32500 range.

    Due to overall trend, we conclude sideways to moderately bullish.


    SCALPERS TRADING ACADEMY NEWSLETTER

    TRADE PLAN FOR UPCOMING WEEK:


    SECTOR WHICH ARE LIKELY TO PERFORM WELL FOR UPCOMING WEEK:

    NIFTY FMCG:
    [CMP: 34276.75] 1 hour chart
    CPR RANGE: 72.20 points
    CPR LEVELS:
    TC - 34313
    PIVOT - 34351
    BC - 34388
    OUTLOOK:
    Ascending CPR;
    Wide & Overlapping CPR;
    Moderately Bullish.
    EXPECTATION:

    For the upcoming week, there is an overlapping and ascending CPR.

    The index is wavering around 52 week high for around 5 weeks.

    Where, bulls have exhausted and lost their momentum to lift the prices higher.

    Close above 34400 in 1 hour candle may lead the price to fresh highs.

    Major stocks contributing to this index are HUL, ITC, NESTLE, BRITANNIA.

    NIFTY PSU BANK:


    [CMP: 1829.95]
    1 hour chart
    CPR RANGE: 1.35 points
    CPR LEVELS:
    TC - 1831.95
    PIVOT - 1831.25
    BC - 1830.60
    OUTLOOK:
    Ascending CPR;
    Narrow CPR;
    Moderately Bullish.

    EXPECTATION:

    For the upcoming week, there is an ascending and very narrow CPR.

    As per technical, market is stuck inside 1800-1850 levels.

    Sector might look moderately bullish after a small retracement till 1800.

    Major stocks contributing to this index are SBI & CANARA BANK.
    SCALPERS TRADING ACADEMY NEWSLETTER

    DISCLAIMER
    Views, Ideas, Recommendations expressed in this weekly newsletter is purely for educational

    purposes only. Investment/Trading in securities Market is subject to market risk, past

    performance is not a guarantee of future performance. The risk of loss in trading and

    investment in Securities markets including Equities, Derivatives, Commodity and Currency

    can be substantial. These are leveraged products that carry a substantial risk of loss up to

    your invested capital and may not be suitable for everyone. You should therefore carefully

    consider whether such trading is suitable for you in light of your financial condition. Please

    ensure that you understand fully the risks involved and do invest money according to your risk

    bearing capacity. Scalpers Trading Academy LLP or any of its associated websites does not

    guarantee any returns in any of its products or services. Investment/Trading in markets is

    subject to market risk. Hence, Scalpers trading Academy LLP or any of its associated

    websites are not liable for any losses in any case. All our services are non-refundable.

    CONTACT US

    For queries write a mail to: [email protected] (or) WhatsApp +91-730-5432-730.


    If you wish to get regular updates in the live market join our price action trading team and

    get exciting benefits. Visit: www.scalpers.in or cprbykgs.learnyst.com

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