Nifty Trading Strategy for 02nd January 2025
Nifty Trading Strategy
Buy Setup Condition:
Wait for a 15-minute candle to close above 23825.
Entry:Place a buy order above the high of this 15-minute candle.
Targets:23890, 23940, 24008.
Stop Loss:Set a stop loss below the low of the entry candle or according to your risk management.
Sell SetupCondition:
Wait for a 1-hour candle to close below 23610.
Entry:Place a sell order below the low of this 1-hour candle.
Targets:23598, 23538, 23480.
Stop Loss:Set a stop loss above the high of the entry candle or according to your risk management.
Disclaimer
I am not a SEBI-registered analyst or advisor. This strategy is shared purely for educational and informational purposes. Trading in the stock market involves significant risk, and you may lose part or all of your capital. Always perform your own analysis and consult a certified financial advisor before making trading decisions. Past performance is not indicative of future results. Use this strategy at your own risk.
Buy Setup Condition:
Wait for a 15-minute candle to close above 23825.
Entry:Place a buy order above the high of this 15-minute candle.
Targets:23890, 23940, 24008.
Stop Loss:Set a stop loss below the low of the entry candle or according to your risk management.
Sell SetupCondition:
Wait for a 1-hour candle to close below 23610.
Entry:Place a sell order below the low of this 1-hour candle.
Targets:23598, 23538, 23480.
Stop Loss:Set a stop loss above the high of the entry candle or according to your risk management.
Disclaimer
I am not a SEBI-registered analyst or advisor. This strategy is shared purely for educational and informational purposes. Trading in the stock market involves significant risk, and you may lose part or all of your capital. Always perform your own analysis and consult a certified financial advisor before making trading decisions. Past performance is not indicative of future results. Use this strategy at your own risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.