Nifty Trading Strategy for 7th January 2025

This strategy is designed for intraday trading using the 15-minute candle closing levels as the basis for entry. It involves both buying opportunities above resistance levels and selling opportunities below support levels, with clear target levels for profit booking.

Buy Strategy
Entry Criteria:
Initiate a buy position if the price breaks above the high of a 15-minute candle that has closed above 23,770.

Wait for the 15-minute candle to close above 23,770.
Identify the high of this candle, and place your buy order above that level.
Target Levels:
Book profits at the following levels in sequence:

23,815
23,860
23,912
Stop Loss:
Place your stop loss just below the low of the 15-minute candle that triggered the buy entry.

Sell Strategy
Entry Criteria:
Initiate a sell position if the price breaks below the low of a 15-minute candle that has closed below 23,550.

Wait for the 15-minute candle to close below 23,550.
Identify the low of this candle, and place your sell order below that level.
Target Levels:
Book profits at the following levels in sequence:

23,490
23,460
23,320
Stop Loss:
Place your stop loss just above the high of the 15-minute candle that triggered the sell entry.

Key Notes:
Ensure proper risk management and position sizing based on your capital and risk tolerance.
Always validate the trend direction and market sentiment before executing the strategy.
Use technical indicators like moving averages or RSI as additional confirmation tools, if needed.
Disclaimer:
This strategy is for educational purposes only and should not be considered financial or investment advice.
I am not a SEBI-registered financial advisor.
Trading in the stock market involves substantial risk and can result in significant financial losses.
Consult with a qualified financial advisor before making any trading decisions.