NSE:BANKNIFTY Analysis/Prediction for tomorrow 18-10-2022

BANKNIFTY Analysis/Prediction for tomorrow

For Flat/Gap-Down Opening
🟢 Buy CE above 40075
✔️ Target Should be 40290, 40500
🔴 Avoid PE

For Gap-UP Opening
🟢 Buy CE near 40000
✔️ Target Should be 40290, 40500
🔴 Avoid PE


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.