Reason : 1.Global crisis 2. Nifty looking weak 3.Possible for a pattern failure 4.fakeout 5.Avoid taking long for this month(index looking weak ) 6.Maybe breakout possible stick with your stop loss(if the breakout happens to wait for a retest is a smart decision)
Disclaimer: Please consult your financial advisor, Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss