Nifty 50 Spot Intraday Technical Analysis for 19th Dec.
🚀 Unlock the potential with my Nifty 50 Spot Intraday Technical Analysis for 19th December, 2024!
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📍 Day Range Trigger Point (DRTP): 24,199 📅 Day Range: 245
📈 Long Position 🔹 Buy Above: 24,301 🎯 Target 1: 24,350 🎯 Target 2: 24,443 ⛔ Stoploss: 24,219
📉 Short Position 🔹 Sell Below: 24,243 🎯 Target 1: 24,048 🎯 Target 2: 23,954 ⛔ Stoploss: 24,325
🚀 How to Trade with Numro Trader Intraday Levels
Buy Setup 🕒 Wait for a 5-Min. candle to close above DRTP or Buy Above level. 📈 Confirm breakout with a candle breaking the high of the breaking candle. 🛒 Enter a buy order at the active level (DRTP or Buy Above). 🎯 Target: Aim for Target 2 (if the market is coming directly from DRTP) or Target 1 (if coming from below DRTP). ⚠️ Exit Rule: Set stoploss of 30 points exactly from the active level. Avoid re-entering after achieving the target.
Sell Setup 🕒 Wait for a 5-Min. candle to close below DRTP or Sell Below level. 📉 Confirm breakout with a candle breaking the low of the breaking candle. 🛒 Enter a sell order at the active level (DRTP or Sell Below). 🎯 Target: Aim for Target 2 (if the market is coming directly from DRTP) or Target 1 (if coming from above DRTP). ⚠️ Exit Rule: Set stoploss of 30 points exactly from the active level. Avoid re-entering after achieving the target.
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