Nifty Trading Strategy: 4th November 2024
Nifty Trading Strategy: Buy Above 24,360 / Sell Below 24,150
Current Price: 24,305.00
Key Levels:
Buy Signal: If the price closes above 24,360 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying.
Sell Signal: If the price closes below 24,150 on the one-hour 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 24,305.00, just below the buy signal level.
The market is showing signs of bullish momentum, but it's important to monitor the price closely.
Recommendations:
Buy: If the price sustains above 24,360 on the one-hour candle close, consider entering long positions with targets at 24,500 and 24,600.
Sell: If the price breaks below 24,150 on the one-hour candle close, consider short positions with targets at 24,000 and 23,900.
Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
Current Price: 24,305.00
Key Levels:
Buy Signal: If the price closes above 24,360 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying.
Sell Signal: If the price closes below 24,150 on the one-hour 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 24,305.00, just below the buy signal level.
The market is showing signs of bullish momentum, but it's important to monitor the price closely.
Recommendations:
Buy: If the price sustains above 24,360 on the one-hour candle close, consider entering long positions with targets at 24,500 and 24,600.
Sell: If the price breaks below 24,150 on the one-hour candle close, consider short positions with targets at 24,000 and 23,900.
Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
Penafian
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