Strategic Trading Guidelines for NIFTY Index : 27-12-2023
1. **If NIFTY opens higher and sustains above 21503:**
- **Action:** Buy
- **Stop Loss (SL):** 21460
- **Targets:** 21606-21645
2. **If NIFTY fails to sustain and starts trading below 21460:**
- **Action:** Short
- **Stop Loss (SL):** 21506
- **Target:** 21296
3. **If the price opens downside below 12400:**
- **Action:** Wait for the level to come near 21300 and find support.
- **Buy Trade:** If it finds support at 21300 with a small SL of 25 points.
- **Target:** 12500
4. **If support at 21300 fails:**
- **Action:** Wait for a better buying zone of 21202-21165.
- **Trade:** Buy for the target of 21465-21503.
It's essential to emphasize the risks involved in trading, and individuals should conduct thorough research or consult with financial professionals before making any trading decisions. Additionally, considering the dynamic nature of financial markets, it's advisable to stay updated on the latest market conditions and news that may impact the NIFTY index.
- **Action:** Buy
- **Stop Loss (SL):** 21460
- **Targets:** 21606-21645
2. **If NIFTY fails to sustain and starts trading below 21460:**
- **Action:** Short
- **Stop Loss (SL):** 21506
- **Target:** 21296
3. **If the price opens downside below 12400:**
- **Action:** Wait for the level to come near 21300 and find support.
- **Buy Trade:** If it finds support at 21300 with a small SL of 25 points.
- **Target:** 12500
4. **If support at 21300 fails:**
- **Action:** Wait for a better buying zone of 21202-21165.
- **Trade:** Buy for the target of 21465-21503.
It's essential to emphasize the risks involved in trading, and individuals should conduct thorough research or consult with financial professionals before making any trading decisions. Additionally, considering the dynamic nature of financial markets, it's advisable to stay updated on the latest market conditions and news that may impact the NIFTY index.