Trading Strategy for Nifty for 20th December 2024
Trading Strategy for Nifty (15-Minute Time Frame)
Key Levels:
Buy Above: The high of the 15-minute candle which closes above 24,010
Sell Below: The low of the 15-minute candle which closes below 23,868
Targets:
Upside Targets: 24,075, 24,125
Downside Targets: 23,825, 23,775
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 24,010, aiming for targets of 24,075 and 24,125.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,868, aiming for targets of 23,825 and 23,775.
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.
Additional Tips:
Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact Nifty.
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 15-minute candle which closes above 24,010
Sell Below: The low of the 15-minute candle which closes below 23,868
Targets:
Upside Targets: 24,075, 24,125
Downside Targets: 23,825, 23,775
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 24,010, aiming for targets of 24,075 and 24,125.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,868, aiming for targets of 23,825 and 23,775.
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.
Additional Tips:
Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact Nifty.
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.
Penafian
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