As I have written many times the core concept of my trading is the acceptance and rejection of price at decision points. The second concept is that the market is always in a range and the decision points are probable range extremes. A trend is simply a series of range breakouts.. I try to sell the range highs and buy the range lows.I had written earlier about this concept If you have not read it , Read it
Today Nifty opened within previous day afternoon range marked Range 1. Buy the Trading range low. BOF of MSP ( Major Swing Pivot). It would have gone up till PDH the range high. But on inflation data market sold, broke the range low and found support at PDL. Now we are in range 2 between MSP and PDL sell high and buy the low. But notice the new range is below the previous one and inflation data is disappointing. Bias is clearly bearish . So selling the high is the high probability trade. Sell the BOF of MSP.