Once the trader is aware of the intermediate trend, the question of trading tactics comes in.
I am holding the view, that we are in some kind of a bear market with the market likely to correct the 2250 - 6350 rally. This correction may bring the Nifty down all the way to 4000.
So, I maintain an short position for the intermediate term. This is part of my total trading positions.
The balance of my trading positions are for swing trades: one to three days and intra day trades: closed same day. The decision is done on charts showing signs of expansion - go for swing trades, or, contraction - go for small intra day trades.