My view Always keep at least one lot long Nifty Future. If you have more capital add more.
I am always positive about Indian Economy so go mostly long for positional trading.
Currently using Renko and Heiken Ashi Chart.
I find Direction and strength based FnO data of Nifty. That is easier to do. By having a glance at options Chain I can understand the direction and strength. Not using any other methods.
No stop loss setting. If need use Hedging.
Yesterday at EOD I went long in Calls and Short in Futures. Today exited short and went long.
Exited at high point and went long at EOD.
It is the media which creates Panic Always. If you can’t control emotions after watching media better don’t watch it. Go for Mechanical Trading using Renko Chart. With Higher Brick Size. No other indicators required.
Till you get experience stick to Nifty Futures.