Nifty Trading Strategy for 15th December 2024
Nifty Trading Strategy
Key Levels:
Buy Above: The high of the 5-minute candle which closes above 24,940
Sell Below: The low of the 5-minute candle which closes below 24,600
Risk Strategies:
Risk Strategy 1:
If the market opens with a gap up around 24,820-24,840, wait for the first 5-minute candle to close.
Enter a buy position above the high of the first 5-minute candle.
Enter a sell position below the low of the first 5-minute candle.
Stop-Loss: Use a stop-loss of 30 points for both buy and sell positions.
Risk Strategy 2:
If the market opens with a gap up around 24,920-24,950, wait for the first 5-minute candle to close.
Enter a buy position above the high of the first 5-minute candle.
Enter a sell position below the low of the first 5-minute candle.
Stop-Loss: Use a stop-loss of 30 points for both buy and sell positions.
Additional Tips:
Monitoring: Continuously monitor the 5-minute chart for clear buy or sell signals.
Risk Management: Always use a stop-loss to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact Nifty.
Disclaimer:
I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
Key Levels:
Buy Above: The high of the 5-minute candle which closes above 24,940
Sell Below: The low of the 5-minute candle which closes below 24,600
Risk Strategies:
Risk Strategy 1:
If the market opens with a gap up around 24,820-24,840, wait for the first 5-minute candle to close.
Enter a buy position above the high of the first 5-minute candle.
Enter a sell position below the low of the first 5-minute candle.
Stop-Loss: Use a stop-loss of 30 points for both buy and sell positions.
Risk Strategy 2:
If the market opens with a gap up around 24,920-24,950, wait for the first 5-minute candle to close.
Enter a buy position above the high of the first 5-minute candle.
Enter a sell position below the low of the first 5-minute candle.
Stop-Loss: Use a stop-loss of 30 points for both buy and sell positions.
Additional Tips:
Monitoring: Continuously monitor the 5-minute chart for clear buy or sell signals.
Risk Management: Always use a stop-loss to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact Nifty.
Disclaimer:
I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.