The document provides a pre-market analysis of the Nifty and Banknifty indexes for August 30th, 2023. It notes that in the previous session, the Nifty traded sideways, forming a small red candle with a wick on the downside. It also formed a higher value and very narrow two day CPR relationship, indicating a bullish signal. For Banknifty, it formed a small red candle as it also traded sideways the previous session. It had a higher value and wide two day CPR relationship, also signaling a bullish market.
3. NIFTY โ in previous session market was more likely sideways
and on daily timeframe made a small red candle and a wick from
downside as you can see in the image below.
4.
5. TWO DAY CPR RELATIONSHIOP
higher value Bullish
Width very narrow
6.
7. BANKNIFTY โ a small red candle is made on daily
timeframe, as market in previous session was like to sideways.
8.
9. TWO DAY CPR RELATIONSHIOP
higher value
bullish
width wide
