Nifty Intraday Levels | 12-DEC-2024

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Nifty Options Scalping

1️⃣ Zones to Watch:
πŸ‘‰Green Zone: Institutional support
πŸ‘‰Red Zone: Institutional resistance
πŸ‘‰Gap: 100-200 points between zones
πŸ‘‰Zone Creation: Based on pivot points and Fibonacci
πŸ‘‰Chart: Use Nifty futures chart for reference

2️⃣ Trade Execution:
πŸ‘‰Order Flow: Triggers trades
πŸ‘‰Timeframes: 1-min & 5-min for scalping
πŸ‘‰Risk-Reward: 1:2 (Risk 1 to gain 2)
πŸ‘‰Strike Price: ATM or slightly ITM options
πŸ‘‰Position Sizing: Adjust to risk tolerance

3️⃣ Rules:
πŸ‘‰9:15 AM Sharp: Ready for market open
πŸ‘‰Risk Management: Top priority
πŸ‘‰Quick Trades: "Morning breakfast" scalps
πŸ‘‰Stop-Loss: 10 points

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