You are absolutely right Lotus,I inadvertantly mentioned SAR as LOD -gap f. The SAR should be the immediate PL which in this case was low of 23rd. My mistake,sorry for confusion.
Saint, Do take the trouble of posting the reason for not taking this Short trade.
I simply could not understand. Seems I am missing something. We are seeing in the chart that the Nifty had repeatedly tried to cross the high of 3012 and had failed. Then why not go short when the Pivot Low is breached???