Good one. I have a question. Why SL was at 15247 and not at the day's low?
knowngate
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@tradesbyabu,
C , i m already bullish on nifty, so in 5 min tf support is builing up their. With my previous exprience, i take small risk 15 pts,
my focus was that support which formed in 5 min tf, if price moved below that support, or close below that. which above my sl, i will simply exit my trade.
but it rebouned well. Always think like a Option writer.
15000 was the price when nifty touched once, Option writers are thr. heavy put is writen.price will not crash. untill thy book profit.
(trading view cant allow idea publishing on 5 min tf, so i choose 15 min tf)