HCL;TECH Today achieved the Triangle Pattern Target of 1103 on Cash. View posted on 6th,April, broke 1138 on 11th,April. Going forward: 1071 and 970 would be tested here.https://ganntradersaahil.wordpress.com/2022/04/06/hcl-tech-view-2/

INFY a 7% cut here should not come as a surprise. Alerted on its weakness several times in last 20 days. Without results reaction also this would had turned south. After Todays fall it not only broke 1670 which appeared a double bottom earlier, it also broke 1640 which is a channel support, hens gates for 1540 and 1425 are opened now. Would take time but should go there. On our post dated 15th,MARCH on INFY, I was very clear that I.T. Sector won’t sustain at higher levels. And next leg on downside would be triggered by I.T. Sector. Took time but playing out on expected lines.

NIFTY achieved the Target of 17,250 on spot. Mentioned this Target last Tuesday. Still long way to go on downside. But for now market may vitnes a Temparary bounce. As I always say nothing moves in Straight Line.

RELIANCE seems the counter move has unfolded. Now price is lining up to join the TIME on downside. The upmove was very sharp; so downmove also shall be sharp. Because every action have Equal and Opposite Reaction. On Price front 2550 is a Triangle support which would be broken in Coming days. Structure is sell on rise here. On downside 2485 and 2410 could be tested positionally. Still maintain swing Targets of sub 2100 here in coming weeks. Rallies if comes would be short lifted so eventually would fizzle out. Results still due here so for now better to trade with thin volumes.

NIFTY BANK. Consolidating since last 5 days. Support at 37,000, which should break. Once it breaks: Targetz of 36,200 and 35,350 would open up on spot. A close below 37,500 would signal bearish TIME ahead.

$S&P 500 Moving on expected lines. Once 4,500 broke rejection pattern got activated here. Now on its way towards 4,100 in Coming days. Wrote on it in detail in my posts dated 17th,MARCH and 30th,MARCH. Can go through that. U.S.MARKETS looks set to make fresh lows for the year. Do watch out. Rallies won’t sustain.

INFY achieved the VIBRATION PATTERN Target of 1755 Today, view posted on 15th,March. Broke 1810 on 7th,April. Whatever comes from results. It should test 1700-1670 positionally. I.T. looks week watchout.

NIFTY broke 17,600 with a Gap-down, retained it, and again went down. Price rejection pattern gets confirmed Today. From here even if there is bounce Structure won’t change. Its clearly sell on rise. Our Targets on downside are very Aggressive, but for near term 17,250 is the level which we expect.

Tomorrow is Pattern date. So a Gap possible either sides. Last 2 Pattern days were very bullish. Let’s se tom. Pattern this time is bearish for NIFTY. 17,710 break away point.

NIFTY still have a decent support at 17,600. As a retail trader better to wait for it to break. As long as its not broken NIFTY still can retest Fridays high. Trade smartly.

Weekly High on Monday and Weekly Low on Friday. Such Patterns potentially ends an Upmove. But nothing moves in straight line. 17,600 was a critical level, mentioned on it last afternoon. Going forward that’s the level to watch. We expects it to be broken soon. Technically 17,850-17,900 is a strong pattern resistance on upside. Near term setup remains sell on rise as far as NIFTY stays below this zone. On downside 17,450 and 17,250 is Possible. But the fall won’t be smooth. There would be corrective upmoves and sideways consolidation. So better not to expect a 1,way move. Shared TIME CYCLE dates earlier in the week, so can refer that post.

Positional trades are fine on NIFTY. But avoid BTST or STBT Trades. This market can hit you both sides, if you look to make maximum overnight. So manage your trades wisely.