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Nifty Future is in downtrend, How to Short Sell on Every Bounce

By Bhaveek Patel 1 Comment

Looking at the charts, we see nifty is making series of lower tops and lower bottom, hence downtrend is still valid. Being a trend chasing trader we will be looking every pullback as selling opportunity on nifty future. Every pullback will give us new short sell entry on Nifty future; this entry can be timed with the help of indicators like RSI, MACD, CCI or Slow Stochastic. In our case we will be using Slow stochastic, now in case of down trend we will wait for stochastic to give a crossover on over bought region that is above 80 zone on stochastic indicator. This is just a way to get better and confirmed trading entry in case of down trend. So whenever there is pullback in Nifty future, it will be best to go short near resistance level along with slow stochastic indicator.
Nifty future downtrend

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Category: Nifty Tags: Down Trend/ Nifty Future/ Short Selling

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Comments

  1. LORD JARDINE says

    WE FII HAS SOLD 87,239 CONTRACTS NOW NEW TARGET FOR NIFTY IS 7721.10.WE HAVE ALSO BOUGHT 8000 PUT OPTION WHICH OI RISE TO 42,00,000

    Reply

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