Trading limits for Nifty and Bank Nifty on 15/01/2019.  Taking Long / Short position depends on how the market moves.

If NIFTY Future trades above the crucial level of 10,770 long position can be taken or if it trades below the crucial level then short position is suitable for trade. Considering the Open Interest and Price movement level, we can see “Short build-up” in Nifty Future.  Target and stop loss limits for both long and short positions are:

Long / Short	Entry Level	Target 1	Target 2	Stop Loss
Long	10,792	10,819	10,869	10,770
Short	10,748	10,720	10,671	10,770

 

If BANK_NIFTY Future trades above the crucial level of 27,383 long position can be taken or if it trades below the crucial level then short position is suitable for trade. Considering the Open Interest and Price movement level, we can see “Long Unwinding” in Bank_Nifty Future.  Target and stop loss limits for both long and short positions are:

Long / Short	Entry Level	Target 1	Target 2	Stop Loss
Long	27,438	27,465	27,572	27,383
Short	27,328	27,277	27,194	27,383

 

 

Disclaimer:  Information provided on this website 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.