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Nifty Bank Index

BANKNIFTY Analysis/Prediction for tomorrow 02-08-2022

By TheTechNifty
Updated
BANKNIFTY Analysis/Prediction for tomorrow 02-08-2022

For Flat Opening
🟢 Buy CE above 38050
✔️ Target Should be 38250
🔴 Buy PE below 37675
✔️ Target Should Be 37550, 37350

For Gap-UP Opening above 38110
🟢 Avoid CE
🔴 Buy PE below 37900
✔️ Target Should be 37680, 37550

For Gap-Down Opening
🟢 Avoid CE
🔴 Buy PE below 37675
✔️ Target Should Be 37550, 37350

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.
Trade closed: stop reached
its not our day..
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TheTechNifty
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