Nifty Trading Strategy for 28th November 2024
Güncellendi
Trade Strategy for Nifty
Current Market Condition: Nifty has been consolidating for the last three days. A breakout on either side is expected to result in a movement of 300 points.
Buy: Enter a long position when the price moves above 24260 on a 15-minute candle close.
Sell: Enter a short position when the price drops below 24120 on a 15-minute candle close.
Current Price: 24275
Support and Resistance Levels
Support Levels:
24120: This is the first line of defense where the price might find support and potentially reverse upwards.
24000: If the price falls below 24120, 24000 acts as the next significant support level.
23500: This is a major psychological level that could provide strong support.
Resistance Levels:
24260: The initial barrier where the price might encounter resistance and potentially reverse downwards.
24500: If the price breaks above 24260, 24500 becomes the next key resistance level.
25000: This is a significant resistance level that could pose a challenge for further upward movement.
Disclaimer
Please note that I am not a SEBI-registered advisor. Trading involves significant risk and it's important to do your own thorough research or consult with a professional financial advisor before making any investment decisions. The information provided here is for educational purposes only and should not be considered as financial advice. Always consider your risk tolerance and investment goals before engaging in trading activities.
Current Market Condition: Nifty has been consolidating for the last three days. A breakout on either side is expected to result in a movement of 300 points.
Buy: Enter a long position when the price moves above 24260 on a 15-minute candle close.
Sell: Enter a short position when the price drops below 24120 on a 15-minute candle close.
Current Price: 24275
Support and Resistance Levels
Support Levels:
24120: This is the first line of defense where the price might find support and potentially reverse upwards.
24000: If the price falls below 24120, 24000 acts as the next significant support level.
23500: This is a major psychological level that could provide strong support.
Resistance Levels:
24260: The initial barrier where the price might encounter resistance and potentially reverse downwards.
24500: If the price breaks above 24260, 24500 becomes the next key resistance level.
25000: This is a significant resistance level that could pose a challenge for further upward movement.
Disclaimer
Please note that I am not a SEBI-registered advisor. Trading involves significant risk and it's important to do your own thorough research or consult with a professional financial advisor before making any investment decisions. The information provided here is for educational purposes only and should not be considered as financial advice. Always consider your risk tolerance and investment goals before engaging in trading activities.
İşlem kapandı: hedefe ulaştı
close all positions. current price 23975
Feragatname
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