Futures - Trading Methodology

After all the research, I was able to conclude following points.
1. Futures can be traded like how stocks can be traded with Pivots, and moving avergae lines.
2. The major advantage with futures is, we can buy stocks in bulk when we have physical cash.
3. Futures can be shorted.
4. Futures can be traded in 189 shares available in NIFTY.

Dangers with Futures:
1. Futures can erode cash quickly, if we are leveraging our position.
2. Need to check if brokerage firm will charge any interest on leveraged amount.