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A simple pre-market routine, a free screener and exact risk math for Intraday Trading (1 din ka trade).
To find narrow CPR stocks, run the Chartink Narrow CPR screener after market close or before 9:15 AM. Keep only liquid stocks, confirm that CPR width is below about 0.5% of price, and trade the breakout only after the opening trade settles. Narrow CPR raises the chance of a trending day. It never guarantees one.
CPR (Central Pivot Range) is a zone of three lines: Top Central (TC), Pivot (PP) and Bottom Central (BC). They come from the previous day's High, Low and Close. When TC and BC sit very close together, the CPR is narrow.
Pivot-based levels have been used by floor traders for decades because they are simple and objective. A narrow CPR means yesterday's market closed in a tight, balanced zone. Compressed price often expands, and that expansion is the Boom I look for.
Here is where retail traders go wrong. They find a narrow CPR list and trade every stock at 9:16 AM, with no stop loss and no plan. The list is only a filter. The trade comes from price, volume and discipline.
Narrow CPR works because a tight previous-day range shows low disagreement between buyers and sellers. When price leaves the zone with volume, there is little resistance nearby, so the move can run. The CPR indicator on TradingView calculates all of this automatically.
Pivot = (H + L + C) / 3. BC = (H + L) / 2. TC = (2 x Pivot) - BC. CPR width % = (TC - BC) / Pivot x 100. The smaller the number, the narrower the CPR.
| CPR Width (% of price) | Label | Expected Day |
|---|---|---|
| Below 0.25% | Very narrow | Strong trend possible |
| 0.25% to 0.5% | Narrow | Good breakout potential |
| 0.5% to 1% | Average | Needs extra confirmation |
| Above 1% | Wide | Range-bound day likely |
These bands are my working guide for liquid stocks, not an official rule. Test them on your own charts.
Big players know where retail traders place orders. The first 15 minutes often shows a fake breakout above TC that falls back inside the range. Two filters help. First, wait for a 5-minute candle close, not a wick. Second, look for an Elephant Candle (big body, strong volume) before you commit. Also check the Gift Nifty chart before 9:00 AM, since a big gap can change the whole day.
Run the screener after market close, shortlist 3 to 5 liquid stocks, mark TC, BC, previous day high and low, then wait for the opening trade. Enter only after a 5-minute close outside the CPR. Place the stop loss at the opposite side and size the position from your fixed risk.
Assume Nifty's previous day H/L/C was 25,120 / 25,060 / 25,095. Pivot is 25,091.67, BC is 25,090 and TC is 25,093.33. Width is about 0.013%, which is very narrow.
| Item | Nifty Spot | Option Buyer (ATM premium) |
|---|---|---|
| Entry | 25,105 (above first 15-min high) | 120 |
| Stop Loss | 25,070 (35 points) | 90 (30 points) |
| Target 1 (1:2) | 25,175 | 180 |
| Risk per trade | Rs 3,000, so quantity = 3000 / 30 = 100 units | |
Lot size changes from time to time, so verify it on the NSE site and round your quantity to lots. For a stock, the same math applies: risk 0.5% of capital, divide by the stop-loss distance, and that is your quantity. Figures here are illustrative.
| CPR State | Likely Day Type | Option Buyer | Option Seller | Best Response |
|---|---|---|---|---|
| Narrow | Trending, breakout | Trade breakout side | Avoid early selling | Wait for opening trade, ride trend |
| Average | Mixed | Need extra confirmation | Selective | Use pivot levels R1 and S1 |
| Wide | Sideways, range | Low edge, theta hurts | Better odds with hedge | Fade extremes or skip |
The same logic can be tested on MCX Gold and other Commodity charts. Check session timings and lot sizes on the exchange site first.
It is a stock whose CPR is very thin compared with its price. It often signals compression before a trending or breakout day, but price must confirm it.
No. It raises the probability of a bigger move, nothing more. Even on a narrow CPR day, fake breakouts happen, so every trade needs a stop loss.
After market close, or before 9:15 AM IST. CPR uses the previous day's data, so the list does not change during the session.
There is no official number. As a working guide, below 0.25% of price is very narrow and 0.25% to 0.5% is narrow for most liquid stocks. Indices and commodities may differ.
Yes. On a narrow CPR Nifty day, an Option Buyer can trade the breakout side with a defined premium stop. Sellers should be careful early, because a trending day hurts them most.
No. A screener only builds the list. You still need liquidity checks, the Gift Nifty chart, price confirmation and risk math. For a daily list page, see Narrow CPR Stocks for Today, and for the concept, Narrow CPR for Intraday Trading.
Disclaimer: This article is for education only. Trading Direction and Anil Hanegave are not SEBI-registered investment advisors. All figures are illustrative. Trading in stocks, futures and options involves risk of loss. Verify lot sizes, margins and rules on the official exchange site.
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