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.