Trading limits for Nifty and Bank Nifty on 02/05/2019.  Taking Long / Short position depends on how the market moves.  Click here for guidance on how to trade index.

For 02/05/2019, If NIFTY Future (May 2019 series) trades above the crucial level of 11,781  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	11,805	11,839	11,872	11,781
Short	11,757	11,724	11,685	11,781

 

If BANK_NIFTY Future (May 2019 series) trades above the crucial level of 29,872 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	29,932	30,081	30,171	29,872
Short	29,812	29,682	29,573	29,872

 

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.