BANKNIFTY Analysis/Prediction for tomorrow 01-08-2022

BANKNIFTY Analysis/Prediction for tomorrow 01-08-2022

For Flat Opening
🟢 Buy CE above 37550
✔️ Target Should be 37750
🔴 Buy PE below 37350
✔️ Target Should Be 37220, 37000

For Gap-UP Opening
🟢 Buy CE above 37750 or near 37500
✔️ Target Should be 37750. 37980
🔴 Avoid PE

For Gap-Down Opening
🟢 Buy CE above 37500
✔️ Target Should be 37750
🔴 Buy PE below 37220
✔️ Target Should Be 37000

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.

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