Date: 18/12/2024
NIFTY Intraday Trading Strategy
NIFTY is currently trading at 24,326.50, and the market presents two key trading opportunities for the day:
Upside Opportunity:
- If NIFTY breaks above the 24,500 level, initiate a position by buying CALL options.
- Target to exit the trade within 20 minutes to take advantage of the upward momentum.
Downside Opportunity:
- If NIFTY falls below the 24,260 mark, consider buying PUT options.
- Plan to close the position within 15 minutes, as the downward movement could offer a quick trading window.
Key Insight:
- Keep a close watch on the breakout and breakdown levels of 24,500 and 24,260 to time your trades effectively.
- Monitor volume and price action to confirm trends before entering trades.
Trading Tip:
Stick to your exit plans and avoid holding positions beyond the recommended time frames to manage risk and maximize returns.
Disclaimer: This trading analysis is for educational purposes only. Always perform your own research and consult with a financial advisor before making trading decisions.
Thank you for this insightful post! As traders using an indicator for nifty intraday trading, we truly appreciate your detailed tips. Your expertise helps us refine our strategies effectively. This article is a valuable resource! Excited for more such content. Keep up the fantastic work!
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