We have potential triple top in Nifty which is currently in formation now and once we get valid confirmation for downside move we can initiate short positions.If you check its giving divergence as of now but we need to check what happens when triple top is completed. If everything goes as planned we can short Nifty and in this particular setup risk is very less as you can see from the chart.
You can also initiate short positions if the current candle ends as , but enter small positions only ( for aggressive traders only)
Thanks for your support...
Happy Trading... !