NSE:BANKNIFTY Analysis/Prediction for tomorrow 22-08-2022

Aug 21, 2022

BANKNIFTY Analysis/Prediction for tomorrow

For Flat & Gap-UP Opening
🟢 Buy CE above 39285
✔️ Target Should be 39670
🔴 Buy PE near 39200 or below 38770
✔️ Target Should be 38785, 38400, 38030

for Gap-Down Opening
🟢 Buy CE above 39000
✔️ Target Should be 39285, 38500
🔴 Buy PE near 38900
✔️ Target Should be 38400, 38030


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.

Aug 22, 2022

Trade closed: target reached