TheTechNifty

BANKNIFTY Analysis/Prediction for Tomorrow 12-07-2022

NSE:BANKNIFTY   Nifty Bank Index
BANKNIFTY Analysis/Prediction for Tomorrow

Market is in confusing state, may be worst day for options buyer tomorrow.
Try to avoid trading or trade with one Lot.


🟢 Buy CE above 35510
✔️ Target Should Be 36000
🔴 Buy PE below 34780
✔️ Target Should Be 34562, 34356

Note:
🚨 Gap-UP & Gap-Down more than 200 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 200 points wait for 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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.