This is fine, but still according to me 6% loss is a big one. 2-3% max i would go with. But you are free to have our own opinion as per your risk appetite.
Doubling on every bet is the martingale strategy, and it is extremely risky. Today is not the end of the world, so why would i take a risk to double it? If i am correct in the next few trades, the loss would be automatically recovered. But again, its your trades and your money. You can trade the way you wish but since you are posting on an open forum, so i am putting my opinion.
In your earlier post you agreed, you not only sell but buy as well. And from the contract note you posted it is never apparent which one you did first. For buying 4320 quantity at ~29Rs per lot will need just 125,280.
Of course you need to buy in multiple iterations. I believe 2k is the max quantity you can buy in one go in BankNifty.
Bhai, i never debated on your capabilities
. In fact, you have been doing well, so you can see so many people following your thread. In fact, i am sure you will be more than 5 steps ahead, and i wish you all the best, but as we know trading is a game of emotions, so lets have better control over it. Good Luck.