NSE:BANKNIFTY Analysis/Prediction for tomorrow 30-08-2022

Aug 29, 2022

BANKNIFTY Analysis/Prediction for tomorrow

For Flat Opening
🟢 Buy CE above 38380
✔️ Target Should be 38650
🔴 Buy PE below 38215
✔️ Target Should be 38000, 37700

For Gap-UP Opening
🟢 Avoid CE
🔴 Buy PE near 38800 or below 38260
✔️ Target Should be 38000

For Gap-Down Opening
🟢 Avoid CE
🔴 Buy PE near 38275 or below 38950
✔️ Target Should be 37700


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.