NSE:BANKNIFTY Analysis/Prediction for tomorrow 12-08-2022

BANKNIFTY Analysis/Prediction for tomorrow 12-08-2022

For Flat Opening
🟢 Buy CE above 39030
✔️ Target Should be 39115
🔴 Buy PE below 38790
✔️ Target Should be 38635, 38400

For Gap-UP Opening
🟢 Avoid CE
🔴 Buy PE Near 39000 or below 38880
✔️ Target Should be 38635, 38400

For Gap-Down Opening
🟢 Avoid CE
🔴 Buy PE Near 38850 or below 38640
✔️ Target Should be 38635, 38400


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.