Trading limits for Nifty and Bank Nifty on 22/01/2019.

Taking Long / Short position depends on how the market moves.  Yesterday, Nifty was in long and reached our target 1.

For 22/01/2019, If NIFTY Future trades above the crucial level of 10,958 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	10,980	11,013	11,059	10,958
Short	10,936	10,913	10,857	10,958

 

If BANK_NIFTY Future trades above the crucial level of 27,566 long position can be taken or if it trades below the crucial level then short position is suitable for trade. Since Bank Nifty 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	27,621	27,682	27,791	27,566
Short	27,511	27,458	27,341	27,566

 

 

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.