Trading limits for Nifty and Bank Nifty on 06/08/2019.  Taking Long / Short position depends on how the market moves.  Click here for guidance on how to trade index.

For 06/08/2019, If NIFTY Future (August 2019 series) trades above the crucial level of 10,876 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	10,898	10,925	10,964	10,876
Short	10,854	10,828	10,758	10,876

 

If BANK_NIFTY Future (August 2019 series) trades above the crucial level of 27,774 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	27,830	27,938	28,079	27,774
Short	27,718	27,533	27,269	27,774

 

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.