MARKET UPDATE

NIFTY, is now moving above expectations
But this is not happening for the first TIME
it happened in past would certainly happen in future as well
Last time, this happened in april this year
The technical problem for NIFTY since 18th,july is VIBRATION PATTERN
once it turns, PRICE wont take much time to aline with major cycle
Pattern support for NIFTY has turned up from 16,380 to 16,790 on spot
Once 16,790 breaks, Prices would turn
On 19th,july I explained the extension of bullish HARMONIC CYCLE till 1st,august
We are almost completing that TIME CYCLE, accross markets on MONDAY
And as I mentioned in my earlier posts, the next HARMONIC TIME CYCLE cannot be bullish
Because 3,cycles doesn’t move on same direction
Bare market rallies are fast and furious
Until 16,752 I was convinced
Above that its irregular upmove
Let’s see how far it goes
As far as trades are concerned, I continue to hold september puts
Since I only take less then 30% exposure of my trading capital on such directional trades
I can manage such voletility
Holding only options so wont look to hedge.Have advice traders individually how to manage trades based on their trade instrument
So far in 2022 have not booked loss in such TIME based trades
Last time I booked loss in such trade was in december 2021
Would look forward to continue this winning streak
Let’s assume that, this view does not go well
Then also I would get exit at my cost
Unfortunately TIME have no alternates, so it does not care what the price is
There is still no bullish case in broader TIME CYCLE
Sounds silly but true
I have made greatest of profits by only using the TIME CYCLES
Using it since years
Would defenetly UPDATE if I rotate my expectations
Dont think have to do it, let’s see
Markets are here to stay