Nifty Trading Strategy for 6th January 2025
Nifty Trading Strategy
Key Levels
Buy Above: High of the 1-hour candle that closes above 24,080
Sell Below: Low of the 1-hour candle that closes below 23,930
Targets
Upside: 24,125, 24,170, 24,220
Downside: 23,880, 23,870, 23,745
Strategy Summary
Buy Signal: Initiate a buy order above the high of the 1-hour candle that closes above 24,080. Aim for targets of 24,125, 24,170, and 24,220.
Sell Signal: Initiate a sell order below the low of the 1-hour candle that closes below 23,930. Aim for targets of 23,880, 23,870, and 23,745.
Risk Management: Use a trailing stop-loss to manage risk and safeguard your capital. Make it a point to book profits at the specified levels.
Disclaimer
I am not SEBI registered. This strategy is derived from historical data and technical analysis. Past performance does not guarantee future results. Trading is inherently risky, and you should only invest money that you are willing to lose. It's essential to conduct your own research or consult with a financial advisor before making any trading decisions
Key Levels
Buy Above: High of the 1-hour candle that closes above 24,080
Sell Below: Low of the 1-hour candle that closes below 23,930
Targets
Upside: 24,125, 24,170, 24,220
Downside: 23,880, 23,870, 23,745
Strategy Summary
Buy Signal: Initiate a buy order above the high of the 1-hour candle that closes above 24,080. Aim for targets of 24,125, 24,170, and 24,220.
Sell Signal: Initiate a sell order below the low of the 1-hour candle that closes below 23,930. Aim for targets of 23,880, 23,870, and 23,745.
Risk Management: Use a trailing stop-loss to manage risk and safeguard your capital. Make it a point to book profits at the specified levels.
Disclaimer
I am not SEBI registered. This strategy is derived from historical data and technical analysis. Past performance does not guarantee future results. Trading is inherently risky, and you should only invest money that you are willing to lose. It's essential to conduct your own research or consult with a financial advisor before making any trading decisions
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