B&F Analysis/Prediction for First Expiry of June (02-06-2022)

Jun 1, 2022

BANKNIFTY Analysis/Prediction for First Expiry of June (02-06-2022)

For flat Opening

🟢 Buy CE, If price closes above 35750 or Near 35550
👉 Target-1 should be 36000
👉 Target-1 should be 36200
🔴 Avoid PE

For Gap-Up Opening (Below 35780)

🟢 Buy CE, Near 35630
👉 Target-1 should be 36000
👉 Target-1 should be 36200
🔴 Avoid PE

For Gap-Down Opening Above 35350

🟢 Buy CE, If price closes above 35620
👉 Target-1 should be 36000
🔴 Buy PE, If price closes below 35280
👉 Target should be 34800

Note: wait for the 5-minute candle to close for confirmation.