Nifty Trading Strategy for 3rd January 2025
Nifty Trading Strategy
Key Levels:
Buy Above: The high of the 15-minute candle that closes above 24,235
Sell Below: The low of the 1-hour candle that closes below 24,035
Targets:
Upside Targets: 24,275, 24,318, 24,352
Downside Targets: 24,980, 24,945, 24,900
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 24,235, aiming for targets of 24,275, 24,318, and 24,352.
Sell Signal: Enter a sell position below the low of the 1-hour candle that closes below 24,035, aiming for targets of 24,980, 24,945, and 24,900.
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.
Disclaimer:
I am not SEBI registered. This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
Key Levels:
Buy Above: The high of the 15-minute candle that closes above 24,235
Sell Below: The low of the 1-hour candle that closes below 24,035
Targets:
Upside Targets: 24,275, 24,318, 24,352
Downside Targets: 24,980, 24,945, 24,900
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 24,235, aiming for targets of 24,275, 24,318, and 24,352.
Sell Signal: Enter a sell position below the low of the 1-hour candle that closes below 24,035, aiming for targets of 24,980, 24,945, and 24,900.
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.
Disclaimer:
I am not SEBI registered. This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
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.