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.
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.
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.
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.