Nifty has to close below 5300 to start the bear market. Above that Bulls have a chance to rebuild their territory. Below 5300 I shall go short heavily, and above 5600 build long positions holistically. Presently merely 5% of my funds are used in long positions.
May be I have lost some good opportunities for shorting....but then I must admit I dont trade positional for merely 1 or 2% profit in a scrip.