Do you think that Nifty will come down to 6000 or below?
If the answer is -yes, then why did you not reverse your position from long to short?
If the answer is -yes, then why did you not reverse your position from long to short?
During uptrend I do not trade short in any script in any case. And because the uptrend is still intact, as such I have no signals of downtrend, I won't be going short even if I am suspecting it to go down to the levels of 6000. The reason is during uptrend the movement towards downside is always limited and for a very short time and can change anytime within minutes. While the upmoves are more continuous and prominent in uptrend. Therefore, I would like to take long entry at lower levels.