Nifty Trading Strategy for 24th December 2024
Nifty Trading Strategy
Key Levels:
Buy Above: The high of the 1-hour candle that closes above 23,840
Sell Below: The low of the 15-minute candle that closes below 23,680
Targets:
Upside Targets: 23,870, 23,920, 23,980
Downside Targets: 23,630, 23,580, 23,510
Strategy Details:
Buy Signal: Enter a buy position above the high of the 1-hour candle that closes above 23,840, aiming for targets of 23,870, 23,920, and 23,980.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,680, aiming for targets of 23,630, 23,580, and 23,510.
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 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 1-hour candle that closes above 23,840
Sell Below: The low of the 15-minute candle that closes below 23,680
Targets:
Upside Targets: 23,870, 23,920, 23,980
Downside Targets: 23,630, 23,580, 23,510
Strategy Details:
Buy Signal: Enter a buy position above the high of the 1-hour candle that closes above 23,840, aiming for targets of 23,870, 23,920, and 23,980.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,680, aiming for targets of 23,630, 23,580, and 23,510.
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 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.