Nifty Spot Trading Strategy 18th November 2024

Nifty Spot Trading Strategy: Buy Above 23,695 / Sell Below 23,475

Current Value: 23,533

Key Trading Levels:
Buy Signal: Close above 23,695 on the 15-minute candle
Sell Signal: Close below 23,475 on the 15-minute candle

Strategy Overview:

Buy Strategy:
Trigger Level: 23,695
Action: Enter long positions
Profit Booking: Regular intervals or use a trailing stop loss
Target Levels: 23,800 and 23,900

Sell Strategy:
Trigger Level: 23,475
Action: Enter short positions
Profit Booking: Regular intervals or use a trailing stop loss
Target Levels: 23,400 and 23,300

Market Insights:
The price is currently at 23,533, indicating potential for both bullish and bearish activity based on the key levels.

Key support and resistance levels to watch are between 23,475 to 23,695.

Disclaimer: This analysis is for educational purposes only. I am not SEBI registered. Please conduct your own analysis before making any trading decisions.