Narrow CPR Scanner Free Tool โ Daily & Weekly NSE Bhavcopy Scanner
Narrow CPR · Stock Scanner
Read article →
There are no items in your cart
Add More
Add More
| Item Details | Price | ||
|---|---|---|---|
Every student asks me this in the first class. "Sir, buying or selling?" I always say: first tell me how much you can lose. Then we will talk.
I like to trade options in Nifty 50. I have taught more than 21,000 students in 9+ years. One thing is common in all of them. The ones who last are the ones with discipline (anushasan), not the ones with big capital.
The buyer pays premium and risks only that premium. The seller receives premium and takes on the larger risk. This is the whole Option Buyer vs Option Seller game.
| Point | Option Buyer | Option Seller |
|---|---|---|
| Max loss | Premium paid | Large, even unlimited if naked |
| Max profit | Large | Premium received |
| Time decay | Works against you | Works for you |
| Win rate | Lower | Higher |
| Capital needed | Low | High (margin) |
| Biggest danger | Death by many small losses | One big gap against you |
Reward to Risk Ratio tells you how many rupees you aim to make for every rupee you risk. A trader with 40% accuracy can still earn if the ratio is good.
Many beginners chase "90% accuracy". I tell them: that is a trap. A seller with 90% wins and one huge loss can erase everything.
| Item | Value |
|---|---|
| Buy Nifty 25,050 CE at | โน100 |
| Stop-loss / Target | โน70 / โน190 |
| Lot size (verify on NSE) | 65 |
| Risk per lot | 30 ร 65 = โน1,950 |
| Reward per lot | 90 ร 65 = โน5,850 |
| Reward to Risk Ratio | 1 : 3 |
All numbers are illustrative, not a trade recommendation.
The CPR indicator (Central Pivot Range) is built from the previous day's High, Low and Close. A narrow CPR often hints at a trending day. Because we know it before the market opens, I call it a Leading Indicator. Most other indicators lag behind price.
Formula, simple: Pivot = (H + L + C) รท 3. BC = (H + L) รท 2. TC = (Pivot โ BC) + Pivot.
Example: previous High 25,120, Low 24,920, Close 25,040. Pivot = 25,026.7, BC = 25,020, TC = 25,033.3. The width is only about 13 points. That is a narrow CPR. I would expect a move, not a sideways day.
Before 9:15 AM, I also check the Gift Nifty chart. It shows where the market may open. If Gift Nifty is far above or below CPR, I expect a gap. A gap day needs extra care for sellers.
An Elephant Candle is a very large-bodied candle with tiny wicks. It shows strong one-sided force. It is often the start of a Boom, a fast and sharp move.
My Opening Trade rule is simple. I do not rush at 9:15. I wait for the first 15-minute candle. If a strong Elephant Candle closes above TC with a narrow CPR, buyers get a good setup. If it closes below BC, I look at puts.
Yes. CPR, Elephant Candle and risk rules work the same in Commodity markets like MCX Gold, Silver and Crude. Price is price.
In Gold trading, moves can be sharp around global news. Check the lot size and margin on the MCX site before you trade, because they change. Keep your stop-loss tighter than you think. Gold does not forgive a lazy trader.
Choose buying if your capital is small and you can accept many small stop-losses. Choose selling only if you have enough margin, strict stop-loss habits and a position size based on risk.
| Mistake | Fix |
|---|---|
| Buying cheap far OTM options hoping for a lottery | Trade near-the-money with a defined stop-loss. |
| Selling without stop-loss | Fix premium or spot stop before entry. |
| Revenge trading after a loss (nuksan) | Stop for the day after your daily loss limit. |
| Trading every candle | Take only CPR plus Elephant Candle setups. |
Neither is automatically more profitable. Profit depends on your Reward to Risk Ratio, discipline and position sizing, not on the side you pick.
CPR is the Central Pivot Range, made from the previous day's High, Low and Close. A narrow range often signals a trending day; a wide one signals a sideways day.
Because it is calculated before the market opens. You get the levels first and price reacts later.
A big-bodied candle with very small wicks that shows strong buying or selling. I use it with CPR to confirm an Opening Trade.
It trades before NSE opens and gives a clue about the opening gap. It is a guide, not a guarantee.
Read more on our blog, pick up my trading books, see student testimonials, or browse all courses. If you want a full CPR system, join the CPR Brahmastra Strategy course.
Disclaimer: This article is for education only and is not SEBI-registered investment advice. All figures are illustrative. Trading in options and commodities carries high risk. Verify lot sizes and margins on NSE and MCX.
#TradingDirection #AnilHanegave #StockMarketIndia #OptionBuyerVsSeller #CPRStrategy