NSE:BANKNIFTY Analysis/Prediction for tomorrow 19-08-2022

BANKNIFTY Analysis/Prediction for tomorrow

For Flat Opening
🟢 Buy CE near 39560 or above 39705
✔️ Target Should be 39700, 39800, 39970
🔴 Avoid PE

For Gap-UP Opening below 39800
🟢 Buy CE near 39680
✔️ Target Should be 39800, 39970
🔴 Buy PE below 39650
✔️ Target Should be 39500

for Gap-Down Opening
🟢 Buy CE near Trend Line or above 39660
✔️ Target Should be 39650, 39800, 39970
🔴 Buy PE below 39490
✔️ Target Should be 39310


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.