NSE:BANKNIFTY Analysis/Prediction for tomorrow 09-01-2023

8 Jan 2023

BANKNIFTY Analysis/Prediction for tomorrow

For Flat Opening
🟢 Avoid CE
🔴 Buy PE near 42500
✔️ Target Should be 42200, 42050

For Gap-Down Opening (Above 42000)
🟢 Avoid CE
🔴 Buy PE below 41900
✔️ Target Should be 41550

For Gap-UP Opening (Below 42500)
🟢 Buy CE Above 42530
✔️ Target Should be 42900
🔴 Buy PE near 42500
✔️ Target Should be 42200, 42050


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.