NIFTY Trading Strategy For 3rd February 2025

NIFTY Trading Strategy:
Buy Strategy:
Entry Point: Buy above the high of the 15-minute candle that closes above 23635
Targets:
First Target: 23690
Second Target: 23740
Third Target: 23799
Stop-Loss: The stop-loss will be set at the low of the candle that breaks out above 23635.

Sell Strategy:
Entry Point: Sell below the low of the 15-minute candle that closes below 23305
Targets:
First Target: 23260
Second Target: 23205
Third Target: 23169
Stop-Loss: The stop-loss will be set at the high of the candle that breaks down below 23305.

Time Frame:
15-Minute Time Frame: This strategy is based on the 15-minute time frame, allowing for shorter-term trading opportunities and quicker responses to market movements.

Important Points:
Stop-Loss Orders: Always use stop-loss orders to manage risk and protect your capital.

Monitor Market Conditions: Continuously monitor market conditions and news that could impact the NIFTY index.

Technical Indicators: Consider using technical indicators and chart patterns to confirm entry and exit points.

Disclaimer: I am not SEBI registered. Please conduct your own research and consult a professional financial advisor before making any investment decisions. Trading and investing involve significant risk of loss and are not suitable for every investor.