Nifty Trading Strategy for 13th November 2024Nifty Trading Strategy: Buy Above 24,100 / Sell Below 23,800
Current Price: 23,884
Key Levels:
Buy Signal: If the price closes above 24,100 on the 15-minute candle, it indicates a potential upward trend, suggesting a good time to consider buying.
Sell Signal: If the price closes below 23,800 on the 15-minute candle, it suggests a potential downward trend, indicating it might be a good time to consider selling.
Market Analysis:
The current price is hovering around 23,884, just below the buy signal level.
It's important to monitor the price closely, especially around the 23,850 to 24,000 levels, which could act as support or resistance.
Recommendations:
Buy: If the price sustains above 24,100 on the 15-minute candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 24,150 and 24,200.
Sell: If the price breaks below 23,800 on the 15-minute candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 23,700 , 23600 and 23,350
Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
