Some Words on Closing Basis Stop Loss

Dear Everyone, 

Most of our calls are positional ones. So stop loss are on closing basis. Closing price are considered important to come to an conclusion however in intraday the price could go below the stop loss level but its the closing price at the end which matters and the stop loss are intact if closing price is above that. I understand its a risky affair as no one knows how much a stock could fall & it could really collapse or fall sharply so one can avoid any long position below the mentioned stop loss level, remain tension free & trade accordingly at there comfort level.

Stop loss on closing basis is used to avoid intraday noise and mostly genuine weakness comes only if the stock is not able to recover during intraday and still closes below the stop loss level.