The chart shared itself is self explanatory.

My plan will be as follows :

In case 1, I will buy 47800CE when Banknifty touches 47815.8 and shows any confirmation on M1.

In case 2, I will buy 47600PE when Banknifty touches 47513.45 and shows any confirmation on M1.

In case 3, will buy 47500CE when price touches 47513.45 and shows any confirmation on M1 .
Also will buy 47900PE when price touches 47815.8 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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