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)