NSE:BANKNIFTY Analysis/Prediction for tomorrow 08-08-2022

Aug 7, 2022

BANKNIFTY Analysis/Prediction for tomorrow 08-08-2022

For Flat/ Gap-Up Opening
🟢 Buy CE above 38170
✔️ Target Should be 38480, 38630
🔴 Buy PE below 37830
✔️ Target Should be 37525, 37270

For Flat Gap-Down Opening
🟢 Buy CE above 38050
✔️ Target Should be 38480, 38630
🔴 Buy PE below 37920
✔️ Target Should be 37525, 37270


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.