Anatomy of the up swing

NSE:NIFTY   Nifty 50 Index
Important question - Will this be a tradeable pullback?

Tradeable pullback means lasting more than 2 candles, violating or touching at least one of the key support like 15500.

Approach 1: Take a leap

1. Short tomorrow around 15800 with SL 15850 on closing.

Approach 2: Wait for validation

Validation points
1. Creates lower high lower low candles
2. Closing value in the bottom half of the range of the day
3. Close below 15730
4. + % change in VIX
5. BANK NIFTY confirming the move.

When to avoid.

1. Any gap up above 15850 and sustaining it
2. Inside Candle
3. Closing near high of the day even its a red candle or gap down
4. Pullback almost completed with a large gap down around 15500 (that's 250 points down)