The Sensex has made Newer Highs, while the Nifty is yet to. Let the Nifty also satisfy her ego and desire for one-upmanship over the Sensex by making a New High(s). However we will not see a Newer High every day, sooner or later, the markets will commence with the downward spiral.
The Risk-Reward ratio favors shorting the markets. The indices remain a sell on every rise/ each level. Stick to staying in cash or pursue stock-specific opportunities.