Trading Strategy for Nifty for 20th December 2024
Trading Strategy for Nifty (15-Minute Time Frame)
Key Levels:
Buy Above: The high of the 15-minute candle which closes above 24,010
Sell Below: The low of the 15-minute candle which closes below 23,868
Targets:
Upside Targets: 24,075, 24,125
Downside Targets: 23,825, 23,775
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 24,010, aiming for targets of 24,075 and 24,125.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,868, aiming for targets of 23,825 and 23,775.
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.
Additional Tips:
Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact Nifty.
Disclaimer:
I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
Key Levels:
Buy Above: The high of the 15-minute candle which closes above 24,010
Sell Below: The low of the 15-minute candle which closes below 23,868
Targets:
Upside Targets: 24,075, 24,125
Downside Targets: 23,825, 23,775
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 24,010, aiming for targets of 24,075 and 24,125.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,868, aiming for targets of 23,825 and 23,775.
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.
Additional Tips:
Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact Nifty.
Disclaimer:
I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified 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.