The chart shared itself is self explanatory.

My plan will be as follows :

In case 1, I will buy 48800CE when Banknifty touches 48871.50 and shows any confirmation on M1.

In case 2, I will buy 48800PE when Banknifty touches 48731 and shows any confirmation on M1.

In case 3, will buy 48700CE when price touches 48731 and shows any confirmation on M1 .
Also will buy 48900PE when price touches 48871.50 and shows any confirmation on M1.

Entry confirmation means if u see engulfing candles/morning star/evening star at the above mentioned levels.

All the best everyone.
Trend Analysis

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