You bought a Nifty call near 22,700, expecting the bounce to continue. Two sessions later, Nifty is at 22,250, and your position is deep in the red. October has delivered several such swings. Now you face trading’s most uncomfortable question: should you exit, or wait?
Many retail traders choose between two extremes. They sell quickly, then watch the market reverse after hitting their stop. Next time, they hold on. The market keeps falling, and their capital slowly disappears.
Trade repair means changing the position instead of closing it immediately or pretending nothing happened. The aim is to reduce the loss and keep a reasonable chance of recovery. It does not mean rescuing every bad trade. It means reshaping the position for the market that exists today.
Once Nifty moves against you, your original view has failed. Start again. Look for fresh support and resistance. You can also study the range suggested by implied volatility, or observe the strikes with the highest Call Open Interest and Put Open Interest. This gives you a realistic area in which Nifty may trade.
The new range becomes your repair plan. Every adjustment must pass one test: if Nifty remains inside this range, will the repaired position lose less than the current one?