Trading limits for Nifty and Bank Nifty on 05/08/2019.  Taking Long / Short position depends on how the market moves.  Click here for guidance on how to trade index.

For 05/08/2019, If NIFTY Future (August 2019 series) trades above the crucial level of 11,012 long position can be taken or if it trades below the crucial level then short position is suitable for trade.  Target and stop loss limits for both long and short positions are:

Long / Short	Entry Level	Target 1	Target 2	Stop Loss
Long	11,034	11,077	11,101	11,012
Short	10,990	10,949	10,923	11,012

 

If BANK_NIFTY Future (August 2019 series) trades above the crucial level of 28,354 long position can be taken or if it trades below the crucial level then short position is suitable for trade.  Target and stop loss limits for both long and short positions are:

Long / Short	Entry Level	Target 1	Target 2	Stop Loss
Long	28,411	28,557	28,688	28,354
Short	28,297	28,174	28,020	28,354

 

Disclaimer:  Information provided on this website is free and does not constitute trading advice. These are the possible limits for up and down movement of the index.  Traders are requested to do their own analysis & research before making any decision to trade and also advised to get expert opinion before making decisions based on the information provided here.