Trading limits for Nifty and Bank Nifty on 28/01/2019.  Taking Long / Short position depends on how the market moves.  Yesterday Bank Nifty reached our short target 2.

For 28/01/2019, If NIFTY Future trades above the crucial level of 10,834, long position can be taken or if it trades below the crucial level then short position is suitable for trade. Since the index 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	10,856	10,906	10,950	10,834
Short	10,812	10,762	10,713	10,834

 

If BANK_NIFTY Future trades above the crucial level of 27,230, long position can be taken or if it trades below the crucial level then short position is suitable for trade. Since the index 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	27,284	27,393	27,500	27,230
Short	27,176	27,106	26,910	27,230

 

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.