Free Narrow CPR Stock Scanner: Daily Shortlist for Breakout Trades
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How to calculate CPR, read narrow and wide ranges, use S1 S2 R1 R2, and size a trade before you enter.
Most intraday traders lose money not because they lack indicators, but because they have no map. The central pivot range gives you that map before the market opens: where price may stall, where it may accelerate, and where your idea is proven wrong. In my own Nifty trading, CPR is the first thing I mark every morning.
The central pivot range is a zone, not a single line. It is made of three levels that come from the previous day's high, low and close, and it is plotted on the next day's chart as a band.
The idea is simple. Yesterday's price range tells you what the market accepted. Today, price either respects that zone (support or resistance, सपोर्ट/रेझिस्टन्स) or breaks through it with momentum. The width of the zone and the price position around it give you intraday bias.
Pivot = (High + Low + Close) / 3. BC = (High + Low) / 2. TC = (2 x Pivot) - BC. Take the higher of BC and TC as the top of the zone and the lower as the bottom.
| Level | Formula | Illustrative value (H 22,560, L 22,380, C 22,500) |
|---|---|---|
| Pivot (P) | (H + L + C) / 3 | 22,480 |
| Bottom Central (BC) | (H + L) / 2 | 22,470 |
| Top Central (TC) | (2 x P) - BC | 22,490 |
| CPR width | TC - BC | 20 points, about 0.09% of pivot |
Figure 1 (illustrative): CPR zone with pivot support and resistance levels.
A narrow CPR (अरुंद सीपीआर) shows yesterday's close finished near the middle of its range and often precedes a trending day. A wide CPR shows a larger gap between TC and BC and often precedes a sideways day. Both are hints, not guarantees.
| Type | Illustrative width | What it hints | How to plan |
|---|---|---|---|
| Narrow CPR | 20 points (about 0.09%) | Possible trending day (ट्रेंडिंग दिन) | Trade breakouts after a candle close; trail the stop |
| Wide CPR | 80 points (about 0.36%) | Possible range-bound day (साइडवेज़) | Fade the edges only with tight stops; expect smaller targets |
Compare today's width with the last 10 sessions on your own chart instead of trusting one fixed number. In my CPR Brahmastra framework I also read the Weekly CPR first, then the Daily CPR, then match price (the WDP Sequence), because the higher timeframe gives context for the daily range.
S1, S2 are supports below the pivot, and R1, R2 are resistances above it. They are the typical first and second targets and reversal zones for the day.
| Level | Formula | Illustrative value |
|---|---|---|
| R1 | (2 x P) - Low | 22,580 |
| R2 | P + (High - Low) | 22,660 |
| S1 | (2 x P) - High | 22,400 |
| S2 | P - (High - Low) | 22,300 |
Mark CPR and S1/R1 before the open, wait for a 15-minute candle to close beyond the zone, place the stop-loss on the other side of it, and take the trade only if the first target gives at least 1:1.5 reward. The numbers below are illustrative; replace them with your own chart values.
Figure 2 (illustrative): long setup after a 15-minute close above a narrow CPR.
| Step | Illustrative plan |
|---|---|
| Entry (after 15-min close above TC) | 22,495 |
| Stop-loss (invalidation) | 22,465, below BC with a small buffer |
| Target | R1, 22,580 |
| Risk / reward | 30 / 85 points, about 1:2.8 |
| Quantity (risk Rs 3,000 = 1% of Rs 3,00,000) | 3,000 / 30 = 100 units |
Figure 3 (illustrative): CPR width in points for the two examples above.
Quantity check: Nifty futures and options trade in fixed lots. If one lot is larger than 100 units, the 1% risk rule is broken, so skip the trade or use a defined-risk structure. Check the current lot size on the NSE website.
Checklist before any entry:
None is better in every market. CPR gives a zone and bias, Camarilla gives tight levels around the previous close for reversals, and Fibonacci pivots space levels using Fibonacci ratios of the range. Choose one and learn it well.
| Method | Best used for | Watch out for |
|---|---|---|
| CPR + standard pivots | Daily bias, trend vs range day, breakouts | Wide CPR days give weak signals |
| Camarilla pivots | Mean-reversion levels near the close | Many close-spaced levels cause overtrading |
| Fibonacci pivots | Retracement-style targets | Levels can be subjective across traders |
CPR is a good level-mapping and bias tool, but it is not a buy or sell signal by itself. It works best when combined with price action, a candle close, volume and a fixed stop-loss. Its limits are real: it uses only the previous session, so a news gap or a big overnight move can make the levels less relevant. Treat it as one input in a process, not a prediction.
| Mistake | Practical fix |
|---|---|
| Entering the moment price touches CPR | Wait for a 15-minute close beyond the zone |
| Treating narrow CPR as a guaranteed trend | Confirm with price, volume and the weekly CPR |
| Placing the stop inside the CPR zone | Place it on the far side, then size the quantity |
| Ignoring a wide CPR | Reduce size or stay out when price is stuck inside |
| Skipping the risk-reward check | Take only setups with at least 1:1.5 |
What is the CPR indicator in simple words?
It is a zone built from yesterday's high, low and close that shows likely support, resistance and bias for today.
How do you calculate CPR?
Pivot is (High + Low + Close) / 3, BC is (High + Low) / 2 and TC is (2 x Pivot) - BC.
Is CPR good for intraday trading?
Yes, as a level map and bias tool. It is not a standalone signal, so pair it with a candle close and a stop-loss.
What is pivot S1 S2 R1 R2?
They are support and resistance levels around the pivot. S1 and R1 are the first levels, S2 and R2 are the second.
Which is better, Fibonacci or Camarilla?
Neither is universally better. Pick the method that fits your style, test it on past charts and keep your risk rules fixed.
Use the central pivot range as a morning map, not a crystal ball. Calculate CPR and S1/R1, note whether the range is narrow or wide, wait for a candle close, set the stop-loss first, and skip anything below 1:1.5. Repeat the same process every day.
Related reading: explore more CPR and Nifty guides on the Trading Direction blog, or see my trading books.