Nifty Pre-Market View.

Trading strategy that works wonders besides the supports & Resistance is "Retracement strategy":
The strategy that has worked consistently well with low risk-high reward ratio is "Initiating a trade at 50%-61.8% retrace with 80% as SL".
Understand its workings.
A trade is not complete once an opportunity is spotted or it is initiated.
A trade needs managing, monitoring.
a. After the trade initiated at the key retrace point, you exit the trade once SL is triggered.
b. Once the prices start to reverse from your trading point generating profits, you monitor the "key retrace of that rise, if upmove OR the key retrace of that fall, if downmove" and trail your position.
This important part helps you "lock-in the profits as well as points to your new exit points in case of adverse reversals".
c. You part book your trade and hold the rest with the trailing number that keeps changing based on the price advances or declines.
Do these above and see how your trading results improve substantially during every month.
FII's are alternating buying with selling in typical of consolidation with in the major uptrend.
Prices, in the short term, have closed below two key ST averages.
"Consolidating 2nd wave" continues, having broken below key retrace points at 7500-18;
The ST direction is "biased down" till prices continue to close below DLEma & these two key averages (21 or 34 hr smas).
Aggressively Holding below 7535, Conservatively Holding below 7543, correction continues....