Nifty Trading Strategy for 23rd December 2024.
Nifty Trading Strategy
Key Levels:
Buy Above: The high of the 15-minute candle that closes above 23,740
Sell Below: The low of the 15-minute candle that closes below 23,440
Targets:
Upside Targets: 23,825, 23,925, 24,020
Downside Targets: 23,320, 23,230, 23,100
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 23,740, aiming for targets of 23,825, 23,925, and 24,020.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,440, aiming for targets of 23,320, 23,230, and 23,100.
Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital.
Book Profits: Regularly book profits at the specified resistance and support levels.
Additional Tips:
Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact Nifty.
This strategy provides a structured approach for trading Nifty, ensuring clear buy and sell signals along with defined targets. I am not SEBI Registered.
Key Levels:
Buy Above: The high of the 15-minute candle that closes above 23,740
Sell Below: The low of the 15-minute candle that closes below 23,440
Targets:
Upside Targets: 23,825, 23,925, 24,020
Downside Targets: 23,320, 23,230, 23,100
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 23,740, aiming for targets of 23,825, 23,925, and 24,020.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,440, aiming for targets of 23,320, 23,230, and 23,100.
Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital.
Book Profits: Regularly book profits at the specified resistance and support levels.
Additional Tips:
Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact Nifty.
This strategy provides a structured approach for trading Nifty, ensuring clear buy and sell signals along with defined targets. I am not SEBI Registered.
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