Nifty Trading Strategy for 10th December 2024
Nifty Analysis
Key Levels:
Buy Above: 24,660
Sell Below: 24,580
Scalping Strategy:
Buy Signal: Enter a buy position above the high of the candle which closes above 24,660.
Sell Signal: Enter a sell position below the low of the candle which closes below 24,580.
Time Frames:
Preferred Time Frame: 15-minute chart for better clarity and precision.
Scalping Time Frames: 3-minute or 5-minute intervals for quick trades.
Steps for Scalping:
Monitor the 15-minute chart: Look for candles closing above 24,660 to initiate a buy position.
Set Stop-Loss: Place a stop-loss just below the low of the candle that closes above 24,660.
Monitor the 15-minute chart: Look for candles closing below 24,580 to initiate a sell position.
Set Stop-Loss: Place a stop-loss just above the high of the candle that closes below 24,580.
Scalping: Use 3-minute or 5-minute charts to enter and exit trades quickly based on the signals from the 15-minute chart.
Additional Tips:
Stay Updated: Keep an eye on market news and events that might impact Nifty.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Practice Patience: Wait for clear signals before entering a trade to avoid false moves.
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: 24,660
Sell Below: 24,580
Scalping Strategy:
Buy Signal: Enter a buy position above the high of the candle which closes above 24,660.
Sell Signal: Enter a sell position below the low of the candle which closes below 24,580.
Time Frames:
Preferred Time Frame: 15-minute chart for better clarity and precision.
Scalping Time Frames: 3-minute or 5-minute intervals for quick trades.
Steps for Scalping:
Monitor the 15-minute chart: Look for candles closing above 24,660 to initiate a buy position.
Set Stop-Loss: Place a stop-loss just below the low of the candle that closes above 24,660.
Monitor the 15-minute chart: Look for candles closing below 24,580 to initiate a sell position.
Set Stop-Loss: Place a stop-loss just above the high of the candle that closes below 24,580.
Scalping: Use 3-minute or 5-minute charts to enter and exit trades quickly based on the signals from the 15-minute chart.
Additional Tips:
Stay Updated: Keep an eye on market news and events that might impact Nifty.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Practice Patience: Wait for clear signals before entering a trade to avoid false moves.
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.
Note
Since the Gap between Camarilla S3 and R3 has narrowed down, the market may be trending today.
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.