YOU ARE RIGHT BUT EARLY OR LATE
If you expect reversal today,
it doesn’t happen tomorrow,
it is gap down again & you lost all your hope
and market will reverse suddenly from there.
When there is no hope to reverse after continuous fall,it will be definite reversal.
So go ahead with “double stop loss strategy” or hedging with call & put.
Nifty was supposed to reverse from 8500,
it fell to 8400-8300-8200
all became hopeless,
If you bought there@8500 single side without hedging
that was one mistake
Now you think selling single sided@8100 nifty future level,
that is same mistake repeated.