RELIANCE, looks ready to resume its journey on downside
A break below 2710 would signal downside towards 2645 and 2570 on cash Positionally
A print below 2640 would signal (SQUARING PATTERN) breakdown, which will open targets below 2500 and 2380
MEDIUM TERM targets still intact here!

USD-INR
finally will cross 78, this time
My view had been bullish here since 11th,February
On 7th,MARCH, I posted last update here
Since then market has gone sideways since last 3 months!
Most lightly we will get a print above 78 in near term. Once that happens expect $,INR, to test 78.65, 79.50 and 80.65 in medium to long term. Targets would take their time, but prices should travel towards projected levels!https://ganntradersaahil.wordpress.com/2022/03/07/usd-inr-update/

KOTAK,BANK
would give VIBRATION PATTERN, breakdown below 1815 on cash
Targets would be, 1756, 1696, and 1626, Positionally
BANKS, are expected to take a big hit, during this fall
Specially private banks, has to go down lot from current levels!

MARKETS
are reacting to RBI, POLICY Today
Todays price action is not that important
So whatever happens today wont make any Impact to overall Bearish structure of INDIAN MARKETS, Expect more voletility going forward
Yes NIFTY will break MARCH low of 15671 this time
But that wont happen overnight
Wait for short covering rallies and then add shorts
NIFTY should break, 15,671 before 1st,July
Let’s see
A daily close below 16,370 would make things more bearish for short term

ICICI;BANK
is completing its bounce
Would look to sell here and on higher levels till 760/770 on cash. Targets would be 660 and 607 in Coming weeks
The MARCH low of 642, is not going to hold
Just have to manage positions wisely

$S&P;500; has given a durable bounce, from recent lows of 3810
In my post, dated, 23rd,May, I expected a sharp rally to unfold
4,200+ was the Targets which were projected for this Bare Market bounce!
Last week S&P made high around 4,178
Went very close to the projected target
May be it still have 1 more leg pending on upside
But TIME wise the bounce have played out
Markets are now ready to test May lows
Price wise
If S&P, start trading below 4050, that would signal incremental weakness, which would take S&P, towards, May low of 3810
It wont stop there
Would discuss further targets when we get the print of 3810
Till then enjoy the upcoming fallhttps://ganntradersaahil.wordpress.com/2022/05/23/sp500-update-2/

NIFTY
on Pattern date has given a lower low
The objectives have met for now
I dont mind what happens Tomorrow
TIME Indications are loud and clear, that, this market is going lower
This time march low of 15,671, shall certainly break!”
market doesnt have the TIME support now
Which it had earlier till 3rd,June
Mentioned about this date several times, since mid May on Price front 16,391 is VIBRATION PATTERN support. Breaking which NIFTY could test 16,220 and 16010 on spot
For medium term this is sell on all rallies market. Personally have heavy positions in August puts
Would still add shorts on higher levels!”

NIFTY;BANK
WOULD give (HARMONIC CHANNEL) breakdown below 34,830 on spot
CHANNEL Targets would be 34,050
33,300
32,450 and 31600 Positionally
The actual targets would be way lower then this
These are just channel points for reference!”
Next move on downside, would be led by BANKS and FINANCIALS
I.T. wont be a hot-spot this time
So expect deep cuts in BANKS this time!”

RBL;BANK, has given a (HARMONIC PATTERN) breakdown
Matter of TIME it also would give (HARMONIC CHANNEL) breakdown below 99
Channel Targets would be 64 on cash in medium term!”
Positionally can expect 91 and 78 on this stock
The long term structure here has damaged very badly
Be careful if you hold this for Long term!”

NIFTY, have TIME support only till Tomorrow
From Tomorrow TIME PIVOTS are Completing Important, HARMONIC CYCLE
So TIME would turn neutral
Setup, wont turn bearish overnight, so allow markets to give there say, before next move!”
I would closely watch what markets does on 6th,JUNE
If market falls on 6th, I would be more then convince, that,this Bare market bounce is Coming to an end
If this doesnt happen, then other scenarios would play out. But that would be alternate aspects
For now let’s se what happens on 6th, in case market goes up on 6th then market would go sideways for some more days! Give some TIME to markets, till then TRADE wisely!