We are in strong of Nifty but here we don't have proper risk:reward if we choose to enter long positions. So we wont b entering our trades here instead wait for 8540's zone. Its very small so need to watch Nifty keenly before taking decisions @8540's, don't miss that expiry is in another 48hrs - so ranging might be possible.
Let's wait till it comes to our marked zone before entering long.
I don't prefer to enter long now around 8580's bcos of R:R. So I will wait n see what happens @ 8540's. If Nifty bounces back from here, no issues. That is what is known as Following Ur Plan n Discipline.
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Thanks for your Support..Happy Trading !