Nifty as per wkly chart it looks bullish. But,as per monthly chart shows resistance at higher end.
And, many stocks trading near short average of yearly chart. hence, we cannot positional short sell these stocks though shows weakness in wkly and monthly chart.
We can buy selected (as per above condition) stocks which makes gap formation at lower end in wkly chart.
Example : ACC, Ambuja cement, Cent text, BEL,