Trading limits for Nifty and Bank Nifty on 16/08/2019.  Taking Long / Short position depends on how the market moves.  Click here for guidance on how to trade index.

For 16/08/2019, If NIFTY Future (August 2019 series) trades above the crucial level of 11,021 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	11,043	11,076	11,110	11,021
Short	10,999	10,968	10,932	11,021

 

If BANK_NIFTY Future (August 2019 series) trades above the crucial level of 27,967 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	28,023	28,125	28,257	27,967
Short	27,911	27,785	27,677	27,967

 

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.