Yes we were caught on the wrong foot !!! Our Stop loss did Hit in Nifty but isn't it suppose to be the part & parcel of the game, well these are the perils of Trading the Financial Markets but if stop is in place the Risk gets controlled.
Now comes the big question in Mind what will be the next move in Markets up//down let me tell you as of now we are in the Final Leg(up-move) we will be initiating our Trade as per
Pattern Analysis|Price Action|Elliott Wave Principle
which is very clearly showing us to be on the most favorable side for the Markets with Protection of Stop-Loss very much in place.
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