Trading with a Gap open.

Today should see one more gap open. Previous posts have discussed The process of trading a gap open. The same process can be used to exit short positions. Wait fair a specified period of time – 15 minutes to 45 minutes. Then, identify the high and low of this period. If the Nifty crosses the high, short positions should be closed immediately. If your system demands an immediate exit at the open, then follow your system.
What about traders who are long? The same process can be used to decide on an exit. If the nifty goes below the low, you may consider exiting, wholly or partially.
For new positions, same rules apply. First, decide on your view. Do you have a bullish view or a bearish view. Then take a position on a breakout or breakdown.