How To Trade NIFTY - 4/21/2016

Further bounces towards 8200 should be sold in our opinion. NIFTY is going to provide ample trading opportunities between 8000 and 8200 range in coming sessions. But any healthy bounce will meet with good selling interest. So it would be wise not to get sucked up in faux strength and sell the bounce from appropriate levels. We mentioned trading between the ranges few days back and the script has worked out very well so far. From now on, we are going to change our position from net buyers to net sellers.