On 03/08/2023, I predicted in my class that BankNifty would likely move upwards the next day. During my mentorship/guidance, I emphasized the importance of a support level (44540-44200 ) that should not be breached. I shared the following information.

 please, check.

Prediction for 07/08/2023

The chart has been marked with essential support levels. 

Live tv Chart:- Link:-https://in.tradingview.com/chart/BANKNIFTY1!/3fDAyDOI-Banknjifty-Intraday-view-for-07-08-2023/

Tomorrow, BankNifty future is expected to stay within the range of 45400 to 45000. Broader range is 45600 to 45000. If the market opens near the lower end of this range, there is a possibility of an upward movement.
There's anticipation of a significant correction for BankNifty on 16th August. It is expected that BankNifty could initiate a correction from its peak position on that day.

REAL-TIME GUIDANCE

On Friday, we provided an educational trade idea for our students, suggesting a purchase of the 44900 put option at a price above 310. Please find the trade details below.

44900 PUT made a high of 480.

Profit=(460-310)=150 points x 30=Rs 4500 (Let assume, 20 points is slippage)

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Disclaimer:-I'm not a SEBI registered analyst. The chart is shared only for educational purposes.

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