Mechanical sl levels for eod uptrend

Gann swing support= 4140 area recent low
Target below 4240 seems to be 4200-4180 region

7/105 on 10 minute turned short a while ago (As i already explained this is a very very short term trading system which needs manual intervention to be profitable if traded on the short side of nifty futures. If traded on spot then this system is one of the most profitable systems i have except for my tripple screen setup.)


7/105 on hourly will turn short under 4180 area.
If both systems go short then it will definitely be time to look at the short side of the market
right now i would suggest shorts look to cover near 4180 and try long again with sl 4150/4140/4111

So basic point is: don't panic right now.
Delivery of good stocks should be held for nifty 4672-4900 levels.
Speculative junk can be unloaded if its beyond p.e.g of 1.6

If this is a flat correction in progress then 4240 could hold. That would give max power to the followup move.
Otherwise a deeper corrective that holds 4140 is also allowed without damaging the trend.
Keep shopping.
When there is a sale at a shopping store. Do you run around in panic and say omg
the value of all the products i already bought went down?
OR do you buy more and try to sell later when the prices get marked up again??