NSE:BANKNIFTY Analysis/Prediction for tomorrow 16-08-2022

BANKNIFTY Analysis/Prediction for tomorrow 16-08-2022

Due to the Long weekend try to trade after watching the one-hour price action.

For Flat Opening
🟢 Buy CE above 39100
✔️ Target Should be 39425
🔴 Buy PE below 38950
✔️ Target Should be 38770

For Gap-UP Opening
🟢 for CE watch price action
🔴 Buy PE Near below 39000
✔️ Target Should be 38770

For Gap-Down Opening
🟢 Avoid CE
🔴 Buy PE Near 39000
✔️ Target Should be 38770, 38570


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.