@ Jetking Good to see you query...
On 11th shorted nifty below 8086,,, on 12sep nifty made a high of 8014 but we are remain shorted because it was just spike not even sustain for 1-2 min abv 8013. lets wait if it convincingly moves abv 8015
For tomorrow 8DMA is 8091 so initiate your fresh short position below it!!! target comes near 9021 maintain stop at 8118.
On 11th shorted nifty below 8086,,, on 12sep nifty made a high of 8014 but we are remain shorted because it was just spike not even sustain for 1-2 min abv 8013. lets wait if it convincingly moves abv 8015
For tomorrow 8DMA is 8091 so initiate your fresh short position below it!!! target comes near 9021 maintain stop at 8118.
So, the SL should be not in system. Say the price hovered around 8012 for about 1-2 minutes, and a bull took the price away from SL within a minute or so by about 20 points, aren't we missing the SL exit and reversing the trade to long at appropriate price. We can see about 50 points upside/downside move in nifty within 2 minutes. For example, on 18/9/2014 at 9:40 am the nifty moved 50 points upwards within 2 minutes. How are we going to act in those situations.