Failure Analysis of Index EOD 21.9.2020
I was long from 11227 when index first hit original support. Then Index bounced subsequently till 11616 and while doing so it broke intermediate resistance of 11585 . So, I removed my hedge partially and assuming index will now not break 11383. But long trap resistance marked in red11617 and 11540 proved out to be really hard brought index back to original support once again. I booked my losses on the breakage of 11383 and losses were 0.35% of capital. Will wait for NSE data now and will give myself a breathing period to build positions once again.
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