The Nifty finally closed the week at 4225, up 17 points from the previous week.
Read this again. The market was almost unchanged at the close of of the week. Traders who have gone through five days of tumultous trading may not believe that the markets remained where started.
The Nifty now remains inside a trading range. Still there!
A larger range between 3800 and 4650 holds strongly, providing substantial support around 3800. There is strong resistance at 4650. Then, nothing has changed.
Trading should continue to follow the trading range pattern. Short selling is best avoided. If you do get a sell signal, consider using options rather than futures.
Plan a strategy that buys on dips. The dips have to be defined in relation to your time frame - day, swing or position trading.