BANKNIFTY Analysis/Prediction for tomorrow 05-07-2022For Flat Opening
🟢 Buy CE above 34000
🏆 Target will be 34300, 34500
🔴Buy PE below 33660
🏆 Target will be 33300
For Gap-Up Opening up to 100 points
🟢 Buy CE near 33970
🏆 Target will be 34300, 34500
🔴Avoid PE
For Gap-Down Opening above 33730
🟢 Buy CE above 34000
🏆 Target will be 34300, 34500
🔴 Avoid PE
Note:
Wait for the 5-minute candle to close for confirmation.
If market opens with big gap, always wait for price action.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.