Nifty - Questions Before I take a New Entry Position

1. Whats the weekly trend - Down with last candlestick as a continuation pattern
1. Position of Indicator Stoc - Sell
2. Position of Indicator MACD - Sell and Below 0
3. RSI - 25 - hence sellers dominate
4. Williams - -97.3
2. Whats the daily trend - Down with last candletick as bearish continuation pattern
1. Position of Indicator Stoc - Sell
2. Position of Indicator MACD - Sell and Below 0 at -149
3. RSI - 24 - hence sellers dominate, but slight positive divergences  
4. Williams - -94.3
3. SAR levels - 4920
4. Today Closing levels - 4747
5. Conclusion - No long trades in any of the time frames. Dont try to catch a falling knife.
1. Short on rallies.
2. What levels to short on - Lets wait for suitable method on a daily.
3. Learning - Never take trades against the larger time frame trend. Never hope. Never catch a falling knife. Have patience. Once trade is good stay with it.