Allow the ST action to exhaust while keeping your focus on MT technical to have the right perspective..

Approach the market with a "Prime study" of your choice.
Understand it better by using "Secondary studies", preferably 2 or 3 to the maximum.
Wait patiently for these studies to align better, if not the best, and then make your trading plan.
I have chosen Elliott wave as my prime study; Classic Technical analysis with Ema & JNSAR inputs as secondary studies to validate the primary study.
EW shows primarily the direction. The labeling is just secondary.
The fight for labeling, at best, should be treated with amusement.
Only market validates it.
Only an open mind makes you conscious of such subtle shifts...
Now, weigh your risk reward considering all the time frames, giving more weightage to higher t/f and choose a reasonable level to initiate a trade using the lower t/f's volatility.
When you initiate your trade based this way, there will be tremendous level of discomfort as your secondary studies would not be confirming and the counter trend moves are swift & powerful to unsettle even the experienced.
Do it anyway with a proper stop loss which should keep your risk limited and the planned execution providing big reward, if not unlimited.
Unlimited happens when your tool of execution is one of a daring kind. More on that later.

Weekly weakness persisted at weekly pivot.

Nifty, from overbought zone, broke below key retrace level-7625 to close below DLEma..

We discussed "Macd turning down in extreme point"; here, it is.

NIfty generates "noise" in Hour T/F while its all other higher T/F Technicals are intact..

As the "Title" says, this is the "Trend indicator"; Ideal long entries, especially for deliveries are when it turns up deep in the negative zone. Also, when it corrects in positive territory & comes close to "0" line and turns up. Similarly, for profit booking and selling, the reverse may be applied. And when you read it along with weekly "Macd chart", the performance improves.

Nifty Pre-Market View.

Hourly corrections produced 45 to 75 points of fall.
Daily corrections produced 120-130 points of fall during the rise from 5933 till date.
Week hasn't shown any weakness so far with its first number presently placed at 6614 and it rises with newer highs.
Once you understand the quantum of correction, you could sit back relaxingly and hold your trading positions based on higher T/F.
If you follow Week-Day combination for your positional trading, you would part book on seeing first sign of weakness from Day T/F and re-enter once day completes its corrections while week maintains its uptrend.
Similar approach should be used to deal with Month-week combination.

Merry Christmas...

The most mundane actions can have a ripple effect - holding open the door for someone, smiling at the grocery clerk—change the course of the day by affecting how we feel.

That rush of good feeling that comes after a daily run, the inspiring conversation with a good friend, or the momentary flash of anger that arises when someone cuts in front of us in line—what could they have to do with big life matters? Everything, actually.

Nifty Pre-Market View.

People have fun "criticising" everything.
A doer should never ever pay any kind of attention to such naysayers.
They'll only distract you....take you away from your "work in hand".
If you need to respond to them to address their "ignorance", do so objectively.
Do this only if you have time and the intention to "show the way".
Here is an objective reminder:
Larger trend such as Month & Week are down with downward momentum.
Day trend is in a pause mode, attempting a ST reversal.
Nifty is trading below "4976-5039" strong supply zone.
"4770" is the monthly "semi-log chart's" Channel support.
But it is trading below the "Log's chart" 1st channel support, having the potential to move down to the major "920-2253" support line @ 4100-4200.(Refer the "JustNifty TA's" Monthly charts)
Hence, remember that the larger trend is DOWN and your counter trend trades should be played out for the short term only. (If you have understood it, state your "thoughts" on this using TT so that I can guide you better)
Read the Labels column to understand truly how to "Read Oscillators"- Only in a sideways market, the indicators reverse from OB to OS and vice versa. But in a down/uptrending market, they stay down or up for longer than you could imagine and the prices drop/ move up by a large %. These are better understood if you follow using a lagging & a leading oscillator. Hence, we use an Macd & a Stochastic.
In short, Know your Time frame.
Shorter the time frame, control is less, whipsaws are more, fit for the most agile few.
Longer the time frame, control is better, whipsaws are less, fit for the conservative traders.
Get Rich Slowly and Quietly.