BankNifty Analysis/Prediction for tomorrow 05-07-2022

4 Jul 2022

BANKNIFTY Analysis/Prediction for tomorrow 05-07-2022

For Flat Opening
🟢 Buy CE above 34000
🏆 Target will be 34300, 34500
🔴Buy PE below 33660
🏆 Target will be 33300

For Gap-Up Opening up to 100 points
🟢 Buy CE near 33970
🏆 Target will be 34300, 34500
🔴Avoid PE

For Gap-Down Opening above 33730
🟢 Buy CE above 34000
🏆 Target will be 34300, 34500
🔴 Avoid PE


Note:
Wait for the 5-minute candle to close for confirmation.
If market opens with big gap, always wait for price action.