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Trading Index on 23/01/2019

Home > Market > Trading Index on 23/01/2019

Trading Index on 23/01/2019

Posted on January 22, 2019January 22, 2019 by Kalyan
0

Trading limits for Nifty and Bank Nifty on 23/01/2019.  Taking Long / Short position depends on how the market moves.  Yesterday, Nifty and Bank Nifty reached our short target 1.

For 23/01/2019, If NIFTY Future trades above the crucial level of 10,923 long position can be taken or if it trades below the crucial level then short position is suitable for trade. Since the index is range bound and indecisive, one must trade cautiously.  Target and stop loss limits for both long and short positions are:

Long / Short  Entry Level  Target 1  Target 2  Stop Loss
Long     10,945     10,966     10,997     10,923
Short     10,901     10,892     10,849     10,923

 

If BANK_NIFTY Future trades above the crucial level of 27,505 long position can be taken or if it trades below the crucial level then short position is suitable for trade. Since the index is range bound and indecisive, one must trade cautiously.  Target and stop loss limits for both long and short positions are:

Long / Short  Entry Level  Target 1  Target 2  Stop Loss
Long     27,533     27,574     27,629     27,505
Short     27,477     27,450     27,381     27,505

 

 

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.  I am not a Sebi registered analyst or adviser. 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.

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