Nifty Trading Strategy for 15th January 2025

4 天前

Nifty Trading Strategy
Buy Strategy:
Entry Point:
Condition: Wait for the 15-minute candle to close above 23,275.
Trigger: Buy when the price moves above the high of the candle that closed above 23,275.
Targets:
First Target: 23,300
Second Target: 23,370
Third Target: 23,420


Sell Strategy:
Entry Point:
Condition: Wait for the 15-minute candle to close below 23,070.
Trigger: Sell when the price moves below the low of the candle that closed below 23,070.

Targets:
First Target: 22,990
Second Target: 22,940
Third Target: 22,900



Risk Management:
Position Sizing:

Use proper position sizing to ensure you do not risk more than 1-2% of your trading capital on a single trade. This helps to manage risk and protect your capital.

Diversification:

Avoid putting all your capital into a single trade or asset. Diversify your trades across different assets to minimize risk.

Discipline:

Stick to the trading plan and do not deviate from the strategy. Avoid making impulsive decisions based on emotions.

Disclaimer:
I am not SEBI registered. This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.