Trading limits for Nifty and Bank Nifty on 06/05/2019.  Taking Long / Short position depends on how the market moves.  Click here for guidance on how to trade index.

For 05/05/2019, If NIFTY Future (May 2019 series) trades above the crucial level of 11,775  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	11,799	11,825	11,864	11,775
Short	11,751	11,726	11,686	11,775

 

If BANK_NIFTY Future (May 2019 series) trades above the crucial level of 30,036 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	30,096	30,212	30,313	30,036
Short	29,976	29,855	29,749	30,036

 

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.