Nifty Trading Strategy for 18th December 2024

Nifty Trading Strategy
Key Levels:
Buy Above: The high of the candle which closes above 24,425 on a one-hour chart
Sell Below: The low of the candle which closes below 24,245 on a one-hour chart

Strategy Details:
Buy Signal: Enter a buy position above the high of the candle that closes above 24,425 on a one-hour time frame.
Sell Signal: Enter a sell position below the low of the candle that closes below 24,245 on a one-hour time frame.

Gap Down Risk Strategy:
If the Market Opens Lower: Around 24,200-24,240 levels
Buy Signal: Enter a buy position with a stop-loss of 24,175

Additional Tips:
Monitoring: Continuously monitor the one-hour chart for clear buy or sell signals.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact Nifty.

Disclaimer:
I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.