Dear Karthik Sir,
You say that when one gets a signal at 8400 level, Sell. Do you mean to say that when Nifty Spot reaches 8400 level, we should sell, but sell what? Nifty Future or CE? If CE,
what is the strike price to be sold? If, for some more time, you are very specific about
the instruments like Nifty Spot, CE or PE with strike price etc we will be thankful to you as I am not a very knowledgeable person in options.