The Central Pivot Range (CPR) is a technical analysis tool derived from the previous session's high, low, and close prices — consisting of three price levels: the Pivot Point (PP = (High + Low + Close) ÷ 3), the Top Central Pivot (TC = (Pivot + High) ÷ 2), and the Bottom Central Pivot (BC = (Pivot + Low) ÷ 2). The width between TC and BC defines the Central Pivot Range — a key zone of potential support and resistance for the upcoming session. A narrow CPR (where TC and BC are close together) indicates a tight, well-defined price equilibrium from the prior session — often preceding a strong directional trend day as the market breaks out of this narrow range. A wide CPR (spread over a large price zone) suggests a volatile prior session — typically associated with range-bound, sideways price action in the next session. In Indian equity markets, CPR is widely used by intraday traders on Nifty 50, Bank Nifty, and large-cap stock charts — the relationship between the current session's opening price and the CPR zone (opening above CPR is bullish, below is bearish), combined with the CPR width, provides traders with a concise framework for assessing the day's likely directional bias and identifying key levels for entry, target, and stop-loss placement before the market opens.
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