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PRE MARKET ANALYSIS
OF
NIFTY AND BANKNIFTY
DATE – 22-08-2023 DAY - TUESDAY
NIFTY – on daily timeframe nifty near previous swing low and
made a bullish reversal pattern on daily timeframe taking the
support of that zone and yesterday market made a green candle
on daily timeframe.
TWO DAY CPR RELATIONSHIOP
higher value Bullish
Width wide
SCRIPT – market on daily timeframe making a bullish reversal
pattern, if got any setup to trade in the same trend, lets do trade.
BANKNIFTY – on daily time frame, market is in
consolidating near previous support zone, yesterday on daily
timeframe made a doji candle.
TWO DAY CPR RELATIONSHIOP
lower value
bearish
width wider
SCRIPT – market showing indecision by making a doji candle
on daily timeframe, and consolidating near the previous support
zone.

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22 August 2023 pre market analysis.pptx

  • 1.
  • 2. PRE MARKET ANALYSIS OF NIFTY AND BANKNIFTY DATE – 22-08-2023 DAY - TUESDAY
  • 3. NIFTY – on daily timeframe nifty near previous swing low and made a bullish reversal pattern on daily timeframe taking the support of that zone and yesterday market made a green candle on daily timeframe.
  • 4.
  • 5. TWO DAY CPR RELATIONSHIOP higher value Bullish Width wide
  • 6.
  • 7. SCRIPT – market on daily timeframe making a bullish reversal pattern, if got any setup to trade in the same trend, lets do trade.
  • 8. BANKNIFTY – on daily time frame, market is in consolidating near previous support zone, yesterday on daily timeframe made a doji candle.
  • 9.
  • 10. TWO DAY CPR RELATIONSHIOP lower value bearish width wider
  • 11.
  • 12. SCRIPT – market showing indecision by making a doji candle on daily timeframe, and consolidating near the previous support zone.