Nifty Positional View - 03.05.2015

Positional: Nifty moving down by providing a BPB on last Flip. Although Trend is still down, but -

1) there is Layer on Layer Below the recent Zone. Too many DP confluence.
2) A Bounce is expected ! which may go to 8385 - 8465.
3) If the Bounce breaks the recent Flip & sustains above, one can take Risky Longs for short term for above targets. But keep in mind, Mkt is still SELL on Rise.
4) A Fast downmove breaking below all the layers will call for a Major Fall.

As of now, Don't Short !  It doesn't mean to go Long! wait for the price to come out of the woods..
I am still in my Shorts with SL above Flip Candle. (I will prefer to Go Long here- Risky, but trading is always risky :)

Nifty Positional View - 20.04.2015

Positional: Mkt is moving down as expected. Exited & Shorted near 8800 NS as per plan.
Hope everybody is enjoying the Downtrend !!

Now, Nifty has broken all supports (& there is none for a Downtrend).. Exited 50% shorts at today close & Still holding rest with SL at 8620 NS.
Although LBB can be a decision point with confluence of old DP & TL, but No plan to buy till the Screen says "We are Reversing !!"

Nifty Positional View - 07.04.2015

Positional: Mkt is going to reach at critical levels. The BOF was strong, so in longs as per plan keeping my SL below today's low. Current Mkt range is 8800 ~ 8400 & will re-assess at 8800.
Pros-
1) OI resistance is at 8800, then 8900
2) Mkt taking good support at MBB
3) BOF has happened of desired DP, Trendline confluence.
Cons-
1) People are still positive, so it may turn bearish.
2) Plan of longs was for short term.People can book their profits.
3) Although close is above MBB, UBB is falling sharp.
4) Rollover is quite good - 77% for this month. Downtrend can continue

So One can Exit & Short on break of Tag of UBB.
BPB Longs only if uptrend doesn't loose steam (Current pace is quite OK)

Nifty Positional View - 24.03.2014

Positional: Today was a Volatile Day. Usually Volatile & small range day's are at the end of the move. Below is the chart of Nifty Spot.

1) Price has pulled back twice from MBB, but still COBB is missing.
2) UBB is still Flat !
3) Good DP just below with confluence of Long Term Trendline
  On the contrary,
1) Trend is down. So, till it turns, we can't build rosy pictures.. Its a falling market, so there is no Support.. only resistances !
2) LBB should have been flat at this time.
3) Expiry is just after 2 days, so mkt will be choppy. Need to re-analyze after expiry

My Preferred position will be a Long here/ near 8500 iff no COBB. It will be for short term
If COBB, i will short for next level shown.

Nifty Positional View - 07.03.2015

Positional: After an extended upmove, a Great Bearish Engulfing at UBB. One of my favorite BOF signal . It seems, Mkt can touch lower ranges near 8700.
Last flip shouldn't be a concern with such a strong signal.
RR also favorable for the short..

Nifty Positional View - 12.02.2015

Positional: Nifty hit an all time high and then a correction of nearly 50% has already completed. Daily Chart suggesting a move up to all time high as-
1) Price moved up after taking support at last Flip
2) Price Closed at last big DP
3) Price closed above MBB
4) OI range is 8600 ~ 9000. Support rising on 8700, but still some more time required.
-- Concern is only the last Fast Downmove, It may act as a fluid or may assess its strength --

for Intraday trades-
1) Mkt has moved from Last Lower Range to higher range.
2) Now Price is at Range low of 2nd Range.
3) For Intraday, i will be looking for an upward bounce from recent DPs til la Strong BOF occurs for downside.
-- Delhi polls are over & today's inflation data can cause a hit down for a small time, till longer tf trend asserts itself --

Nifty- Positional View - 19.01.2015

Positional:   Nifty is zooming to highs once again. The current move started from a BOF. It should touch last high, which is near by. Lets see daily chart --

+ ves..

1) Market is in Uptrend

2) New Ranges are Higher Ranges

3) Move started from a BOF, so a good one. Can expect it till all time high.

4) Price taking support at MBB in daily chart
5) Last bounce ended up at 8000, this may go less than that.

- ves..

1) Second Gap up done which never touched the old day range. A 3rd gap or gap down will call for a move Exhaustion

2) Candles forming are smaller ones

3) Yesterday was an Inside day, but today's move wasn't catching up.

4) 8700 has maximum OI.

My preferred position will be a Short on Strong BOF near 8700. Will change views only if price action speeds up approaching DP.