BANKNIFTY Analysis/Prediction for tomorrow 01-09-2022

Aug 31, 2022

BANKNIFTY Analysis/Prediction for tomorrow

For Flat Opening
🟢 Buy CE near 39200
✔️ Target Should be 39760
🔴 Avoid PE

For Gap-UP Opening
🟢 Buy CE near 39500 (Less QTY)
✔️ Target Should be 39750, 39900
🔴 Avoid PE

For Gap-Down Opening (Below 39200)
🟢 Buy CE Above 39350
✔️ Target Should be 39760
🔴 Buy below 39000
✔️ Target Should be 38750, 38400


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.