Nifty is falling in a predictable, boring way

Yesterday (12th March) Nifty opened with a ~240 points gap down. After a while good amount of buying emerged and pushed Nifty up to 24800 level, however, could not sustain there and clearly the bears took over from that point and pushed down to 23550. The weakness persisted for rest of the day and finally closed 227 points lower at 23640.

We have no open position at this point and waiting for a bullish signal to go long in the hypothetical portfolio with Futures Only strategy. For the real money F&O strategy we will initiate new position only in the April monthly expiry series. in this month, we have booked good profit in both the portfolios.

The MHAF candles in the chart above is showing no sign of any bullishness and the associated spreadsheet is also confirming that. The next long trigger was placed at 24557 as of yesterday and at today's open (subject to no gapping) the same is placed at 24240. During the day this trigger will change but if Nifty decisively crosses this trigger we will enter long trade in the Futures Only portfolio.

Happy trading, Cheers