Nifty Trading Strategy for 03rd December 2024
Nifty Trading Strategy
Buy Strategy:
Condition: Look for the price of Nifty to close above 24306 on a 15-minute candle.
Entry Point: Identify the high of the candle that closes above 24306.
Action: Place a buy order above this high once the 15-minute candle has closed above 24306. This confirms that the market is trending upward and you’re looking to ride the momentum.
Sell Strategy:
Condition: Look for the price of Nifty to close below 24120 on a 15-minute candle.
Entry Point: Identify the low of the candle that closes below 24120.
Action: Place a sell order below this low once the 15-minute candle has closed below 24120. This confirms a downward trend, signaling a bearish market.
Current Price: The current price of Nifty is 24276.
Disclaimer: This strategy is for informational purposes only and should not be considered financial advice. Trading involves risk, and you should do your own research or consult with a financial advisor before making any investment decisions. I am not SEBI registered.
Buy Strategy:
Condition: Look for the price of Nifty to close above 24306 on a 15-minute candle.
Entry Point: Identify the high of the candle that closes above 24306.
Action: Place a buy order above this high once the 15-minute candle has closed above 24306. This confirms that the market is trending upward and you’re looking to ride the momentum.
Sell Strategy:
Condition: Look for the price of Nifty to close below 24120 on a 15-minute candle.
Entry Point: Identify the low of the candle that closes below 24120.
Action: Place a sell order below this low once the 15-minute candle has closed below 24120. This confirms a downward trend, signaling a bearish market.
Current Price: The current price of Nifty is 24276.
Disclaimer: This strategy is for informational purposes only and should not be considered financial advice. Trading involves risk, and you should do your own research or consult with a financial advisor before making any investment decisions. I am not SEBI registered.
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