4931 is the road block now...
As i understand it, close to the SP we should be using a Lower TF (say 5 Minutes) to make our trading decission on Nifty Future and as we trade away from the Strike Price on either side (say 100 odd points, so 4.8 or 5.0 in this case) we can shift to a Higher Time Frame.
Will be following this thread but will watch this trade from sideline (as I don't trade the smaller TFs your trades are too quick for me
Maybe I can track it with my own trades on Nifty trying to protect the same SP Short straddle.