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NIFTY : Trading Strategies for December 14, 2023

Long
NSE:NIFTY   Nifty 50 Index
**Nifty Trading Strategies for December 14, 2023**

**Bullish Momentum Anticipated:**

After a robust recovery in the previous trading session, Nifty is signaling a bullish trend for the upcoming session on December 14, 2023.

**Strategies for December 14, 2023:**

**1. Opening Above 20980:**
- *Buy Trade:* Consider initiating a buy position if Nifty opens in the green above 20980.
- *SL:* Set a stop loss at 20950.
- *Targets:* Aim for levels between 21069-21109.

**2. Flat Opening with Support at 20900-20903:**
- *Buy Trade:* If prices open flat and ascend after finding support at 20900-20903, consider a buy trade.
- *SL:* Set a stop loss at 20870.
- *Targets:* Look for levels around 20980-21000-21069.

**3. Sustaining Below 20903 and Trading Below 20870:**
- *Buy Opportunity:* If Nifty sustains below 20903 and trades below 20870, look for a buying opportunity in the range of 20845-20825.
- *SL:* Set a stop loss at 20800.
- *Target:* Aim for the level of 20980.

*Note: These strategies are based on the current market conditions and the expectation of a bullish trend. It's important to practice sound risk management and adapt strategies to real-time market dynamics.*

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