Nifty Trading Strategy 26th November 2024
Nifty Trading Strategy: Buy Above 24,360 / Sell Below 24,020
Current Price: 24,221
Key Levels:
Buy Signal: If the price closes above 24,360 on the 15-minute candle, it indicates an upward momentum, suggesting a good time to consider buying.
Sell Signal: If the price closes below 24,020 on the 15-minute candle, it suggests a downward momentum, indicating it might be a good time to consider selling.
Strategy Overview:
Buy Strategy:
Trigger Level: 24,360
Action: Enter long positions
Profit Booking: Regular intervals or use a trailing stop loss
Target Levels: 24,400 and 24,500
Sell Strategy:
Trigger Level: 24,020
Action: Enter short positions
Profit Booking: Regular intervals or use a trailing stop loss
Target Levels: 23,900 and 23,800
Market Insights:
The price is currently at 24,221, indicating potential for both bullish and bearish activity based on the key levels.
Key support and resistance levels to watch are between 24,020 to 24,360.
Disclaimer: This analysis is for educational purposes only. I am not SEBI registered. Always trade with stop-loss and trailing stop-loss to protect your profit and limit your loss. Buy only above the high of the 15-minute candle close and sell below the low of the 15-minute candle close. Please conduct your own analysis before making any trading decisions.
Current Price: 24,221
Key Levels:
Buy Signal: If the price closes above 24,360 on the 15-minute candle, it indicates an upward momentum, suggesting a good time to consider buying.
Sell Signal: If the price closes below 24,020 on the 15-minute candle, it suggests a downward momentum, indicating it might be a good time to consider selling.
Strategy Overview:
Buy Strategy:
Trigger Level: 24,360
Action: Enter long positions
Profit Booking: Regular intervals or use a trailing stop loss
Target Levels: 24,400 and 24,500
Sell Strategy:
Trigger Level: 24,020
Action: Enter short positions
Profit Booking: Regular intervals or use a trailing stop loss
Target Levels: 23,900 and 23,800
Market Insights:
The price is currently at 24,221, indicating potential for both bullish and bearish activity based on the key levels.
Key support and resistance levels to watch are between 24,020 to 24,360.
Disclaimer: This analysis is for educational purposes only. I am not SEBI registered. Always trade with stop-loss and trailing stop-loss to protect your profit and limit your loss. Buy only above the high of the 15-minute candle close and sell below the low of the 15-minute candle close. Please conduct your own analysis before making any trading decisions.
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