Trading limits for Nifty and Bank Nifty on 31/01/2019.  Taking Long / Short position depends on how the market moves.  Yesterday Bank Nifty reached our short target 1.

For 31/01/2019, If NIFTY Future trades above the crucial level of 10,654  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	10,675	10,702	10,762	10,654
Short	10,633	10,594	10,546	10,654

If BANK_NIFTY Future trades above the crucial level of 26,808, 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	26,862	26,929	27,039	26,808
Short	26,754	26,699	26,597	26,808

 

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.