NIFTY and BANKNIFTY PRE market analysis , likely to be sideways market

1. PRE MARKET ANALYSIS
Date – 10th
August 2023
Nifty -
Two day CPR relationship
Script – today’s CPR is very wide and outside, the market is more likely to be sideways and today is
expiry too, being an option buyer it’s like risking lot to for little reward.

2. BANKNIFTY -
Two day CPR relationship
Script – market is in downtrend stretch back, and CPR is also wider, seeing the opening level if any
setup will created we will take the trade.
As you can see opening is seems at CPR levels, it’s on the value and inside the zone means low
opportunity and low risk.