Bank Nifty Intraday Technical Analysis for 31st Dec., 2024

🚀 Unlock the potential with my Bank Nifty Intraday Technical Analysis for 31st December, 2024!

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📍 Day Range Trigger Point (DRTP): 50953
📅 Day Range: 1261

📈 Long Position
🔹 Buy Above: 51498
🎯 Target 1: 51732
🎯 Target 2: 52214
⛔ Stoploss: 51077

📉 Short Position
🔹 Sell Below: 51200
🎯 Target 1: 50173
🎯 Target 2: 49691
⛔ Stoploss: 51621

✨ My strategies are backed by 6+ years of research and proven success in trading indices, commodities, and more. Connect to know more for Intraday Levels and Live Market Confirmations. 📈

🚀 How to Trade with Numro Trader Intraday Levels

Buy Setup
🕒 Wait for a 5-Min. candle to close above DRTP or Buy Above level.
📈 Confirm breakout with a candle breaking the high of the breaking candle.
🛒 Enter a buy order at the active level (DRTP or Buy Above).
🎯 Target: Aim for Target 2 (if the market is coming directly from DRTP) or Target 1 (if coming from below DRTP).
⚠️ Exit Rule: Set stoploss of 65 points exactly from the active level. Avoid re-entering after achieving the target.

Sell Setup
🕒 Wait for a 5-Min. candle to close below DRTP or Sell Below level.
📉 Confirm breakout with a candle breaking the low of the breaking candle.
🛒 Enter a sell order at the active level (DRTP or Sell Below).
🎯 Target: Aim for Target 2 (if the market is coming directly from DRTP) or Target 1 (if coming from above DRTP).
⚠️ Exit Rule: Set stoploss of 65 points exactly from the active level. Avoid re-entering after achieving the target.

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