High Volatility

Move of going long did not pay off...yet thankfully came out w/o any losses. Went long at 4868, the markets went up to 4930 odd but fell down the next day sharply. finally i covered at 4818...booked a loss...yest however markets started strong and there was an inkling that markets would go up again, hence i went long at 4868, however today I closed my position at 4900 since there was no conviction in markets going up. so net net no profit no loss...however markets are looking very weak...however i dont have the belief to short it, rather i would wait for it to go up and then take long positions