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Trading Index on 07/02/2019

Home > Market > Trading Index on 07/02/2019

Trading Index on 07/02/2019

Posted on February 6, 2019February 6, 2019 by Kalyan
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Trading limits for Nifty and Bank Nifty on 07/02/2019.  Taking Long / Short position depends on how the market moves.  Click here for guidance on how to trade index.

For 07/02/2019, If NIFTY Future trades above the crucial level of 11,059  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  11,081  11,131  11,172  11,059
Short  11,037  11,018  10,946  11,059

If BANK_NIFTY Future trades above the crucial level of 27,429 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  27,484  27,555  27,630  27,429
Short  27,374  27,303  27,252  27,429

 

 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.

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