NSE:NIFTY Analysis/Prediction for tomorrow 12-08-2022

NIFTY Analysis/Prediction for tomorrow 12-08-2022

for flat/Gap-UP opening
🟢 Buy CE above 17720
✔️ Target Should be 17795
🔴 Buy PE below 17640 or near 17700
✔️ Target Should be 17550, 17490, 17350

for Gap-Down opening
🟢 Avoid CE
🔴 Buy PE near 17640
✔️ Target Should be 17490, 17350


Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 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.