Indian Stock Market and Mutual Funds

[Techno]

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What was your rationale for selling Nifty futures and expecting a 2% correction next week? Are you tracking FIIs/DII activity, open interest, or basing this trade on fundamental/technical analysis? Since you’ve already sold futures, I assume you’ve done your analysis. If you sold 2 lots, as your target suggests a 40K profit on a 2% fall, do you have a stop loss in mind? Are you hedging or holding the position naked? I did a small analysis on the daily timeframe, though it’s not my usual timeframe, but sharing it here in case it helps

I saw the move as a pullback not as a bullish reversal , that was the only logic and it's a very common pattern.

 

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Markets don't care about analysis and these patterns work in probability so pattern failure will be common.
If one is trading, then your plan should already be tested and set. And you should know when to exit, whether in loss or profit.
Other people's view does not matter. Just take the trade and manage it and repeat.

Above can be a pullback short, or looking at the short term momentum ( bounce wasn't that weak), it could be a pullback long in lower timeframe too.
Either could win and both could be good trades in 2 different systems.