Nifty Trading Strategy for 24th December 2024
Nifty Trading Strategy
Key Levels:
Buy Above: The high of the 1-hour candle that closes above 23,840
Sell Below: The low of the 15-minute candle that closes below 23,680
Targets:
Upside Targets: 23,870, 23,920, 23,980
Downside Targets: 23,630, 23,580, 23,510
Strategy Details:
Buy Signal: Enter a buy position above the high of the 1-hour candle that closes above 23,840, aiming for targets of 23,870, 23,920, and 23,980.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,680, aiming for targets of 23,630, 23,580, and 23,510.
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.
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 1-hour candle that closes above 23,840
Sell Below: The low of the 15-minute candle that closes below 23,680
Targets:
Upside Targets: 23,870, 23,920, 23,980
Downside Targets: 23,630, 23,580, 23,510
Strategy Details:
Buy Signal: Enter a buy position above the high of the 1-hour candle that closes above 23,840, aiming for targets of 23,870, 23,920, and 23,980.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,680, aiming for targets of 23,630, 23,580, and 23,510.
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.
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.
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