Trading limits for Nifty and Bank Nifty on 23/08/2019.  Taking Long / Short position depends on how the market moves.  Click here for guidance on how to trade index.

For 23/08/2019, If NIFTY Future (August 2019 series) trades above the crucial level of 10,786 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	10,808	10,843	10,875	10,786
Short	10,764	10,730	10,697	10,786

 

If BANK_NIFTY Future (August 2019 series) trades above the crucial level of 27,246 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	27,300	27,421	27,521	27,246
Short	27,192	27,066	26,971	27,246

 

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.