Smileoftrade.com provides trading limits for index on daily basis.  Here is the guideline for how to use the limits for successful trading.

Index trading has a crucial level for every day which is applicable for the particular day of trading. Crucial level is the index future price which acts as mid-point in price movement. During the live market time, this crucial level is very important for deciding either long or short.   It must be noted that to enter in to a trade, the price must move from crucial level towards entry level.  If it reaches long entry level, long position can be initiated and vice versa.

In addition to crucial level, table shown below is also provided.

Long / Short	Entry Level	Target 1	Target 2	Stop Loss
Long	EL	T 1	T 2	SL
Short	EL	T 1	T 2	SL

Guidance for trading

1. If the Index future is trading above Crucial Level but below Long Entry level: (Between Crucial level and Long Entry Level)

Wait till the price reaches Long EL and once reached, enter in to long position. Keep strict stop loss. Wait till the future price reaches first target for the long (T1).   Conservative traders may book profit at the first target itself. Aggressive traders can keep the position open till it reaches second target and keep the first target as a stop loss or trailing stop loss can be followed.  (Note: Instead of touching the long entry level, if index moves downwards, then one can look for short opportunity).

2. If the Index future is trading below Crucial Level but above Short Entry Level: (Between Crucial level and Short Entry Level)

Wait till the price reaches Short EL and once reached, short position can be initiated. Keep strict stop loss. Wait till the future price reaches first short target (T1). Conservative traders may book profit at the first target itself. Aggressive traders can keep the position open till it reaches second target and keep the first short target (T1) as a stop loss or trailing stop loss can be followed.

3. If the Nifty future is trading above first Long target T1 or below first Short target T1: (Above Long T1 or Below Short T1)

It is advisable not to initiate the trade. Instead we can wait for the price to cross the crucial level to get the trading opportunity. Because if someone enters at these levels, occasionally second target can be reached or the index might move in the opposite direction.  Hence trading shall not be initiated.

After initiating a trade (Long / Short) if the price is not showing any directional movement or is range-bound for two hours, it is better to exit the trade.