Today is the budget day. This is the last and interim budget of the present government. Market expected to be volatile depending the budget announcements. Hence trading must be done cautiously.
Trading limits for Nifty and Bank Nifty on 01/02/2019. Taking Long / Short position depends on how the market moves. If NIFTY Future trades above the crucial level of 10,785 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 | 10,807 | 10,853 | 10,897 | 10,785 |
| Short | 10,763 | 10,726 | 10,667 | 10,785 |
If BANK_NIFTY Future trades above the crucial level of 27,162, 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 | 27,216 | 27,346 | 27,453 | 27,162 |
| Short | 27,108 | 27,010 | 26,846 | 27,162 |
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.