Nifty is currently in a daily downtrend near a previous swing low, with a doji candle formed in the previous session. The two day CPR for Nifty is bearish with a narrow width. Banknifty is also in a daily downtrend after forming a small green candle the previous session, and its two day CPR is bearish with a wider width. Both indices are suggested for trading only if a setup forms.

2. PRE MARKET ANALYSIS
OF
NIFTY AND BANKNIFTY
DATE – 21-08-2023 DAY - MONDAY

3. NIFTY – on daily timeframe nifty is currently in downtrend, in
previous session made a doji candle on daily timeframe. The
market is near previous swing low. Seeing the opening if got any
setup we will trade.

5. TWO DAY CPR RELATIONSHIOP
lower value Bearish
Width Narrow

7. SCRIPT – market is currently in downtrend and near the
previous swing low, and CPR is very narrow. Trade if got any
setup.

8. BANKNIFTY – on daily time frame market is downtrend. In
previous session made a small green candle.

10. TWO DAY CPR RELATIONSHIOP
lower value
bearish
width wider

12. SCRIPT – market is currently in downtrend, and nearby by a
strong support on daily time frame, trade is any setup formed.