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PRE MARKET ANALYSIS
OF
NIFTY AND BANKNIFTY
DATE -11/08/2023 DAY - FRIDAY
NIFTY โ€“ market on daily timeframe is in downtrend as you can
see in the image below, the price action is lower high, lower low
stating market is in downtrend. In previous session market
formed a red candle on daily timeframe.
TWO DAY CPR RELATIONSHIOP
Overlapping lower value slightly bearish
Width average
SCRIPT โ€“ market is currently in downtrend, seeing the
opening if got any setup to trade in downtrend then take the
trade with calculated risk , (stop loss) follow the rules and do not
overtrade, two trade in a day is enough for the day
BANKNIFTY โ€“ market currently in downtrend, and made a
red candle on daily time frame showing the continuation in the
trend.
TWO DAY CPR RELATIONSHIOP
Lower Value bearish
Width wide
SCRIPT โ€“ market is in downtrend, if got any setup to trade in
the trend take the trade with calculated stop loss, do not
overtrade.

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pre maeket analysis format.pptx

  • 1. PRE MARKET ANALYSIS OF NIFTY AND BANKNIFTY DATE -11/08/2023 DAY - FRIDAY
  • 2. NIFTY โ€“ market on daily timeframe is in downtrend as you can see in the image below, the price action is lower high, lower low stating market is in downtrend. In previous session market formed a red candle on daily timeframe.
  • 3.
  • 4. TWO DAY CPR RELATIONSHIOP Overlapping lower value slightly bearish Width average
  • 5.
  • 6. SCRIPT โ€“ market is currently in downtrend, seeing the opening if got any setup to trade in downtrend then take the trade with calculated risk , (stop loss) follow the rules and do not overtrade, two trade in a day is enough for the day
  • 7. BANKNIFTY โ€“ market currently in downtrend, and made a red candle on daily time frame showing the continuation in the trend.
  • 8.
  • 9. TWO DAY CPR RELATIONSHIOP Lower Value bearish Width wide
  • 10.
  • 11. SCRIPT โ€“ market is in downtrend, if got any setup to trade in the trend take the trade with calculated stop loss, do not overtrade.