Trading limits for Nifty and Bank Nifty on 16/01/2019.  Taking Long / Short position depends on how the market moves.  Yesterday, Nifty was in long and reached our target 2, Bank Nifty was range bound and trade was not possible.

For 16/01/2019, If NIFTY Future trades above the crucial level of 10,887 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 “Fresh Long 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	10,909	10,945	10,980	10,887
Short	10,865	10,834	10,800	10,887

 

If BANK_NIFTY Future trades above the crucial level of 27,483 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 “Fresh Long build-up” 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	27,510	27,573	27,629	27,483
Short	27,456	27,427	27,337	27,483

 

 

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.