Thread by @scorpiomanojFRM

#Research
From Jan 1 till date - BNF
1) Total trading days 160
2) Open to Close of the day :
a) in excess of 100 points - 60 times
b) in excess of 200 points - 48 times
c) in excess of 300 points - 37 times
d) in excess of 400 points - 27 times

..
e) in excess of 500 points - 17 times
f) in excess of 600 points - 13 times
g) in excess of 700 points - 10 times
h) in excess of 800 points - 8 times
i) in excess of 900 points - 7 times
f) in excess of 1000 points - 4 times
g) in excess of 1500 points - 2 times

h) in excess of 2000 points - 1 time
In other words if a trending market is defined in terms of open to close difference of 100 points plus in BNF, 60 / 160 days , ie 37.5% dys market trended; if definition is changed as 200 points plus, 48/160 days , ie 30% dys market trended.

....
3) CPR width during trending days
a) in excess of 100 points - 63% of times CPR width was less than 0.56 times the 20 day average width.
Around 93% plus times market was in excess of 400 points when CPR width was less than 1.12 times the 20 day average CPR width.
.....

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Takeaway,

Never ignore Narrow CPR width. Probability of getting a big day is more in a narrow CPR width scenario.