NSE:BANKNIFTY Analysis/Prediction for tomorrow expiry 20-10-2022

BANKNIFTY Analysis/Prediction for tomorrow

Note: If market opens flat or 80 to 100 points GAP there are
maximum chances that the price will be in range
so try to trade after 1 PM, one side movement could be possible.

For Gap-UP Opening
🟢 Buy CE above 40600
✔️ Target Should be 40890
🔴 Avoid PE

For Gap-Down Opening
🟢 Buy CE above 40375
✔️ Target Should be 40600, 40890
🔴 Buy PE below 40200
✔️ Target Should be 40000

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.