Nifty Trading Strategy for 06tth August 2025

📊 Nifty Intraday Trading Strategy (15-Min Candle)
🟢 Buy Setup (Long Trade)
✅ Entry Condition:
Watch the 15-min candle near 24,740.
Enter Buy if the candle closes above 24,740 and the next candle breaks the high.
Confirm with volume spike or strong bullish candle.

🎯 Targets:
Target 1: 24,770 (💰 Book partial profit)
Target 2: 24,800 (💰 Major target)
Target 3: 24,830 (💰 Extended target)

🛡 Stop-Loss:
Initial stop-loss: Below 24,710
Trail stop-loss to cost after Target 1 hits.

📌 Notes for Buy Trade:
Enter only if momentum is strong (green candle body > 60% of full range).
Avoid entry if RSI < 50 or market is sideways.
Risk-Reward Ratio: Minimum 1:2 before entering.

🔻 Sell Setup (Short Trade)
✅ Entry Condition:
Watch the 15-min candle near 24,590.
Enter Sell if the candle closes below 24,590 and the next candle breaks the low.
Confirm with volume on the downside or bearish candle formation.

🎯 Targets:
Target 1: 24,561 (💰 Quick scalp)
Target 2: 24,531 (💰 Major target)
Target 3: 24,501 (💰 Extended target)

🛡 Stop-Loss:
Initial stop-loss: Above 24,620
Trail stop-loss to cost after Target 1 hits.

📌 Notes for Sell Trade:
Enter only if momentum is strong (red candle body > 60% of full range).
Avoid entry if RSI > 50 or market is sideways.
Risk-Reward Ratio: Minimum 1:2 before entering.

⚡ Pro Tips for Intraday Trading
⏰ Timing Matters:
Best entries are between 9:30 AM – 11:30 AM or 1:30 PM – 2:30 PM.
📊 Confirm With Indicators:
EMA 20/50 Crossover, VWAP, and RSI (45-60 range) can help filter false signals.
💹 Position Sizing:
Never risk more than 1-2% of your capital on a single trade.
❌ Avoid Overtrading:
1–2 high-quality trades per day are enough for consistency.

📢 Disclaimer
I am not SEBI registered.
This content is for educational purposes only, not investment advice.
Stock market trading is risky; you may lose capital.
Please consult a financial advisor before trading.
Trade at your own risk & use proper risk management.