Please read the following post on the usage of Multi time frame at
Nifty Trend Indicator with multi timeframe update which shows how the higher time frame trend can be used for better trading and trend detection.
Nifty index had a good selloff from last lat Apr onwards.
Have a look at the chart below which shows both the 4 hour and 1 hour trend.
Leverage could be increased on confirmation of the trend in both the timeframes.
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