Only a few days ago, we were staring at 5800 Nifty. I thought after Diwali, markets would cool off. Titan had risen very rapidly from 3200 to 3800, and then stalled there. I thought it might retrace a couple of hundred points by the end of the month.
Your selection of futures contracts is bad to start with. Select most liquid ones so you can trade these regularly. Trying is catch the move in some of the lesser liquid contracts is quite hazardous.
This is why it is easier to to go long in futures,because we can identify a trend.
However in other to short successfully,one needs to distinguish between a downtrend and weakness.
In the case of a Titan perhaps you ignored that a strong uptrend was in place and speculated on when the weakness would occur,with no backing evidence on the charts even indicating weakness.
A major battle is finding the contracts which you can read the price action successfully. This needs live simulated trading with an appropriate time frame.
Some stocks are literally monopolies in the sense that they are leaders in the listed space like Asian paints,Titan, Jubilant Foodwords,GSK Consumer.These are valued much higher and they are also defensives ,they do not decrease so easily. So shorting these may be foolhardy .
Raunak you can add or correct if needed.
