Second strategy that i like to look at apart from channels.
Still trading inside an upward sloping channel, which indicates further downside. Got the entry at the top of the channel, lets see how it behaves at the bottom. If we are to correct even further, an impulsive break from the lower channel is required. Bearish stance on NIFTY begins!
Selling opportunities likely as we are trading at double top area plus we got the break of Short term trend line.