Thread by @scorpiomanojFRM

#BANKNIFTY Blueprint for Tom
1) Pivot relationship - Lower Value
2) Pivot Width - Very narrow (CPR - 28015/28018/28021)
3) Range Width - Broad (27839-28215)
4) Cam L3/H3 - 27903/28113
5) Current pivot Vs Close - Closed below Current pivot (bearish)
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6) Tom's pivot Vs close - Close below Tom's pivot (bearish)
7) Other supports - 27725 / 27683 / 27540 / 27425 / 27280 / 26800 (APART FROM PIVOT SUPPORTS)
8) Other resistances - 28450 / 28580
Possible strategy for Tom
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Trending / Ranging - Though pivotwidth is very narrow, the Range width is broad. If market finds support at PDL 27835-40, possibly it could open up for a rangebound session to tom's pivot region 28015-28020 or even to Cam H3 28100-115
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Going long at 27835-840 for a target of 28015-20 should be the initial strategy if there is evidence of support at PDL.
If it breaks PDL convincingly, then it should open for a trend day, Short - Drop below 27825- 830 for a target of 27725 / 27680.
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Overnight events could topple the above view. Hence this is just an information derived from today's market developments. Whatever you do tom, don't forget stops. Good luck.

Power of pivots. Market behaved as per the script of pivots .

#POSTANALYSIS Today's markets Self explicit.