Long at 226.15
Short at 221.50
SL mentioned, target open. Seems like it is going toward the long side as it is at a good .
However, more days of NIFTY shedding down will likely result in breaking this support as well.
Placing an order very early on can help filling it and actually executing the trade because of the chronological hierarchy of the orders in the stock market. One who has placed an order before gets a fill. The one who gambles and Executes a MARKET PRICE order in real time during the rally is like to be caught at the far ends of the candle, let alone the opportunity for an additional 0.2-0.5% that is skipped rapidly on the breakdown of a support or breach of a resistance.
Ever wondered why stocks break down so rapidly at specific points? GTD orders in the form of Stop Losses of many portfolios are placed way before, hence they get first preference in filling of the order.
As a trader your motive is not to gamble but exploit the price movements of stocks by choosing good entry and exit points.
For an investor, your motive is to maintain discipline in investing and adding/removing stocks to your portfolio as necessary to earn profit!