Amit,
pls share the lesson,so that we can learn from ur cost of 70 pts..
Converting intraday position into swing/positional is a tricky proposition due to gaps. I have spotted several occurrences in the historical data where intraday traders are punished for having such an ambition. Course, there are very many positive occurrences too. But, the question is, can an intraday trader decisively say on a given day that my position won't see a bad-gap?
Well, yes its possible. But, one cannot have the whole pie.