$S&P;500; is at a Turning Point but needs further push to turn down finally. It’s not turned yet. Last week when we reviewed it I mentioned for primary indication for a TOP, we need a daily close below 3,944!
Till Yesterday we do not have any daily close below 3,944, so TOP dint really got confirmed.
So from here the level below which market have to close atleast for a day, would be 3,956 which is yesterdays low.
Already made it clear why that’s important.
So moving on, what happens if it does not close below 3,956? Then we can see higher high closer to 4,100 which would be the final move for this rally.
Not much TIME left to consolidate here; PRICES have to move quickly on either sides.
The intresting factor would be CBOE VIX, A move above 24.02 should bring back old volatile days.
Everything is in place as far as TIME is concerned but there are certain conditions attached with PRICE. So we need to wait for that alinement!

NIFTY is largely unchanged again. This sideways PRICE action holds no relevance. The only point which matters is a daily close below yesterdays low of 18,130 approx.
Since that’s the low of (TIME SQUARING) date, we require a daily close below its low to break the PATTERN.
Just to give the example how critical yesterdays low is, we need to check precisely previous (TIME SQUARING) DATES. They were 3rd,OCTOBER, 19th,OCTOBER and 4th,NOVEMBER. AFTER 4th, next date was yesterday 22nd,NOVEMBER.
Since 3rd,OCTOBER NIFTY has not closed below the low of these dates.
So once we close below yesterdays low, that will break a pattern, which later would result in higher degree reversal which I mentioned earlier. If we don’t get the closing then this sideways to positive activity will continue.

RELIANCE is at a point where it have to decide it’s near term Trajectory.
This is the most critical stock for INDEX TRADERS. A breakdown in RELIANCE would signal a break down in (NIFTY) in Coming days.
For now RELIANCE is very close to a break down but yet to conformed that.
We would get initial conformation for a breakdown below 2525 on cash.
Once (RELIANCE) sustains below 2525 we can see levels of 2463 and 2403 positionally.
2525 is nothing but a (SQUARING PATTERN) support.
Once this breaks we can mark 2642 as a secondary top after top of 2856 which was made on 29th,APRIL 2022: there are reasons for doing that, because there were lower highs under 2856 earlier.
It’s a complex structure let’s see how this unfolds.

M&M is coming off after a major upmove. The stock have given a PATTERN breakdown recently below 1220.
The structure is slowly turning BEARISH for medium term.
So if you are an Investor here; need to review your Holdings.
For short term 1200 is the final line of support.
Once breaks Targets of 1156 and 1100 is possible going forward.
The CYCLES are turning down here and ORBITS also are expanding lower. Watch out.

BRENT has given a (SQUARING PATTERN) Breakdown below 89$, this potentially can end the counter trend bounce on upside.
Going forward the setup is BEARISH enough to drag prices till 83$ and 75$ in Coming days.
This week is very Critical on TIME front.
A weekly close below this weeks low would indicate deeper correction in OIL PRICES: if pattern developes as expected then we can even see BRENT testing even 66$ in Coming weeks.
The surprising fact would be, falling OIL wont be BULLISH for EQUITIES.

L.I.C;HOUSING would give a (VIBRATION PATTERN) Breakdown below 360 on cash.
Once 360 breaks we can expect the CYCLE low of 348 to break: which would be even Bearish for the overall structure. And below 348 it can stretch down further towards 334.
Which would be its PATTERN Target
A daily close below tomorrows low would rule out all BULLISH equations
There is a risk for a (HEXAGON) Breakdown here, which can take it to 296-275 in coming weeks
Would update when that triggers!

NIFTY is having that test from TIME. As I repeatedly mentioned several times earlier that till 18th,NOVEMBER things are fine for MARKETS: but after 18th, we will look for reversal.
Because the number of CYCLES which completed in last 2,weeks,
Would certainly create some sort of reversal to some sort of degree. So far we have seen a MINOR degree reversal. Going forward we will still look for Larger degree reversal on PRICE.
TIME CYCLES in OCTOBER deviated from Primary trend, that deviation has ended now, so TIME again have gone BEARISH
prices have travelled a bit month on month, but from here have to role back.
NIFTY had a perfect opportunity to print record highs: in last week but it failed to do that, infact on 2nd,NOVEMBER we were at 18,178 on 21st,NOVEMBER also we are there
So nothing really have happened in this month so far
But it will not stay this way, Today and Tomorrow are 2, very critical TIME CYCLE DATES, Today is a VIBRATION DATE, and Tomorrow is a (HARMONIC DATE,+, TIME SQUARING DATE) So volumes and momentum both will pick up going forward.
The Larger degree reversal which I mentioned above, would get confirmed once MARKETS closes below the low of (TIME SQUARING) date
In last 2 occasions it dint happened, this TIME it can! Let’s see.

CANFIN HOMES has posted a critical TOP at 540 few days back. Geometrically it completed a CIRCLE rotation there. As long as that’s not taken out, we can expect this stock to correct further in Coming days.
The BEARISH PATTERNS would expand further below 489 on cash. Ideally this should go there first. Once 489 breaks it can test 462 and even 431 positionally. But better to take it step by step!

CHOLAFIN would give (SQUARING PATTERN) breakdown below 695 on closing Basis. Once this triggers Targets of 670 and 641 would open up on cash in Coming days. The problem here is slow momentum.
Not only on this stock, slow momentum is the problem with majority of stocks in this market. The volumes are missing on both sides of the TABLE. Hopefully volumes would pick up, from next week!
MID and SMALL caps have not participated in this recent rally. Looks very unlikely, that they would join from here
There are many MIDCAPS which are Breaking down, once momentum picks up, would look to explore more STOCKS.

$S&P;500; is finally Trading around 4,000, last week when we reviewed it, it was around 3,850, but TIME for short term was up, as long as it was above, 4th,NOVEMBER low of 3,698
It went very close to that, but protected that, and rallied very hard. Which took everyone by surprise, still the rally has been contained under 4,050
Let’s see whether that’s taken out or not, in Coming days!
Anyways S&P have posted a critical high yesterday, at yesterdays high it has almost covered 64% distance of (AUGUST-OCTOBER) decline! Historically this often turns out as a Turning Point.
According to (TIME CYCLES) the deviation which took place in mid OCTOBER is likely to end on 18th,NOVEMBER so this move approximately should end soon. And once this ends, we should travel down, back to OCTOBER low of 3,491 and ofcourse 3,260 which has been my minimum projection for this BEAR MARKET in U.S.
A daily close below 3,944 would give primary indication that this rally is coming to an end. There was never a possiblity of a Larger reversal, and until few objectives are really met that option is just not there.
So it’s only a matter of TIME, this BEAR MARKET have produced several ecliptic fake out rallies during this year and this recent rally is no different. Every BEAR MARKET rally ends differently, let’s see how this one ends!