BANKNIFTY Analysis/Prediction for tomorrow 02-08-2022
For Flat Opening 🟢 Buy CE above 38050 ✔️ Target Should be 38250 🔴 Buy PE below 37675 ✔️ Target Should Be 37550, 37350
For Gap-UP Opening above 38110 🟢 Avoid CE 🔴 Buy PE below 37900 ✔️ Target Should be 37680, 37550
For Gap-Down Opening 🟢 Avoid CE 🔴 Buy PE below 37675 ✔️ Target Should Be 37550, 37350
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.