NSE:BANKNIFTY Analysis/Prediction for tomorrow 01-08-2022
For Flat Opening 🟢 Buy CE above 37550 ✔️ Target Should be 37750 🔴 Buy PE below 37350 ✔️ Target Should Be 37220, 37000
For Gap-UP Opening 🟢 Buy CE above 37750 or near 37500 ✔️ Target Should be 37750. 37980 🔴 Avoid PE
For Gap-Down Opening 🟢 Buy CE above 37500 ✔️ Target Should be 37750 🔴 Buy PE below 37220 ✔️ Target Should Be 37000
Note: 🚨 Gap-UP & Gap-Down more than 200 points wait for price action. 🚨 Gap-UP & Gap-Down up-to 100 points wait for a pullback. ⚠️ Wait for the 5-minute candle to close for confirmation. ⚠️ Trade Like Either SL or Target. ⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.