The trading strategy for Nifty on November 8, 2015, suggests selling below 8519 with profit booking targets at 8489 and 8450, while setting a stop loss at 8550. For Bank Nifty, it's advised to sell below 18850, aiming for profit near 18800 and 18750, with a stop loss of 18900. Additionally, there are specific buy and sell recommendations for various stocks including IRB, Arvind, ONGC, and BHEL.