NIFTY still have that positivity in (TIME) till 18th,NOVEMBER, as posted in previous week. PRICE wont matter till Friday, PRICE can travel anywhere between 18,550-18,750 on spot. But the cut off point from here is 18,259 on closing basis. A daily close below 18,259 would neutralised the setup!
On TIME front from 21st,NOVEMBER we would start Looking for reversal, not before that. 3 more days to go let’s see how far this goes!
Personally have started to add long dated (PUT OPTIONS). But for now positions are light, further positions would be added only when TIME and PRICE both conformed reversal. Yes, we do anticipate that to happen,
Still would wait to see, how things shapes up from next Monday! Because the number of CYCLES which would complete till this Friday would certainly trigger some degree of reversal in PRICE.

DXY plenty of things has been said on it, since past Thursday. A one week decline of 4% have convinced the majority that a Long term Top has been made on $ at SEPTEMBER high of 114.78. But if we go by CYCLES that’s not the case. DXY, is consolidating under SEPTEMBER highs, and this for now appears a BULLISH consolidation. Major supports are at 104.25-105.50, setup is very strong if this holds, we can even go back to 112-114 in the matter of few weeks.
For long term projections of 120-127 have not gone off the TABLE. Mentioned these levels on post dated 27th,SEPTEMBER, Also in past have mentioned repeatedly, that the strength in $ will certainly break something!
and that something broke last week on CRIPTO MARKETS. so far its contained colaps but will certainly get deeper in days to come. The collateral damage of this would be felt in all FINANCIAL MARKETS.
Whether that effect comes, next week or next month doesn’t matter. But it will come. This CYCLE was finding its victim and most likely it has got that. Would be intresting to see, how this shapes up.

NIFTY is having that attempt higher, led by NIFTY BANK. A daily close below 18,017 would had helped: but it missed that with small margin. Never the less, we got that comfort yesterday to Look for selling opportunities in this upside.
This Gap up, doesn’t turn everything BULLISH. Because there are certain CYCLES which completed during the course of this week. Let me mention few!
This week we completed, 144 CALENDAR days from JUNE 17th, LOW: 125 days from JULY 1st low: 56 days from SEPTEMBER 15th, high: 42 days from SEPTEMBER 30th low.
Also 21 and 19 weeks from june and july lows. 21 and 19 are not GANN numbers but important numbers in HARMONIC theory. Few other CYCLES have also completed but if I mention that: it would get too long.
So WHAT does this signal, to put it in easy terms, when such high number of CYCLES completes there Is always a reversal of on going trend, which for now has been POSITIVE.
REVERSAL could be of higher or lower degree, but it does takes place. So let’s give 1 more week to MARKETS to really resolve these things. Anyways from 21st NOVEMBER the BEARISHNESS would again activate as I mentioned on MONDAY.
I am someone who would prefer January or March PUTS to start as next trading position, just 30% at this rate, would increase allocation once I get further conformation. So what happens tomorrow doesn’t really bother me.
As far as U.S. MARKETS are concerned I already posted on them couple of days back, upside was open as long as 4th,NOVEMBER lows stays intact. So yesterdays rally wasn’t that surprising. Further details are spelled in that post.

NIFTY broke the support zone of 18,020-18,060 which was mentioned yesterday. So things finally are coming to an end: as far as this rally is concerned. It doesn’t have to turn immediately, but we have that signal to start adding SHORTS.
A daily close below 18,017, which was the low of TIME SQUARING DATE would conform more weakness ahead. If U.S. MARKETS also break 4th,NOVEMBER low, then it would be a coordinated decline across all markets.
NIFTY BANK is still holding its support, even a break of 41,000 is required. May not go much far above yesterdays high, but to turn down supports must break. PSU BANK INDEX also doesn’t have incremental upside going forward.
So let’s see whether MARKETS turn down from here or there is 1 more attempt higher which could be pushed by NIFTY BANK. 1 thing is certain from today, we have completed the upside, bounce if any would be a selling opportunity.

$S&P;500; is Largely waiting for the CYCLE DEVIATION to end. If the MARKET would had been strong then it must had printed 4,050 till now. But it is still Trading around 3,850.
Doesn’t have much TIME now, on 25th,OCTOBER we expected the BOUNCE to last till mid NOVEMBER, we are almost there, next week we would complete this TIME window. So if this rally still have to reach,
Closer to 4,000 Then it must happen till next week. On phlip side, if U.S. INDICES, break the low of 4th,NOVEMBER then this rally officially will end at that point, and all short term BULLISH equations would vanish.
So it’s just a matter of TIME now, before we again turn heavily BEARISH on U.S. MARKETS, Either below the low of 4th,NOVEMBER, or above 4,000-4,050, let’s see, friday 11th,NOVEMBER key CYCLE DATE for $S&P,

NIFTY has printed an important GANN CARDINAL number at OPEN: but holding its supports very well.
Supports have moved further higher to (18,020-18,060) on spot.
As long as this holds this upmove can continue further.
NIFTY BANK also have printed a higher high above SEPTEMBER highs. Doesn’t really change the trajectory but can provide more bounce for short term TRADERS. Here also the show can continue only as long as the supports are held.
Which as of today are placed at (40,500-41,000) on cash. This upmove can stretch for another week, if these supports are held. After that irrespective of PRICE TIME would be considered again BEARISH from 21st,NOVEMBER.
So just take is at Trading bounce, don’t presume for 20% more from Here. It’s not that type of MARKET which will consolidate here give a dipp, and then continue Higher.

NIFTY have taken out the high of 18,179, today. Last week we thought that we are ending this rally. But that required the conformation: which dint came. The conformation would had came, if NIFTY would had printed 17,950 on spot!
It went very close but some how managed to protect that. So we dint got that SHORT signal. Anyways since 2nd,week of OCTOBER: I had been skeptical to SHORT this MARKET. Still I kept posting the support levels, which till today has been saved or protected!
There were multiple developments on PATTERNS and CYCLES which suggested a decent rally: after the decline which took place in 2nd,half of SEPTEMBER. Now the tough part of this view was, how far this could had stretched?
Today we know that answer, at that point I preferred to focus only on TIME&PATTERN supports, which worked throughout and is still working well. I wasn’t really interested in guessing the TOP: Because it’s tough
To call a TOP of a move which is coming out of a CYCLE DEVIATION! It only can end with a break of a PATTERN support. or after completing a CYCLE rotation. Its definitely not a trend!
I know this point wont go well with RETAIL TRADERS. But things still have not changed: finally to put it in technical terms, once we have the TOP of this rally. NIFTY can go back
To JUNE low of 15,183 in 66% of TIME, starting from 17th,june to X,day of NOVEMBER: For example if it takes 100 days from LOW to HIGH it would only take 66 days to go back to LOW from HIGH!
From days I mean Trading days not Calender Days. So let’s wait to TRADE that move, once this rally ends: so far it has not ended until supports are held. TIME wise max it can continue only till next week!
Suppose if it keeps rising till next week, then PRICE wont matter, whether it breaks 18,604 or not. The end result is not going to change. From here better to take 1 day at a TIME, And keep focusing on supports!

NIFTY have created a very narrow range on both (TIME CYCLE DATES). This ideally means we would get Trending move ahead. Which perhaps could be on downside once 17,950 breaks on spot. It’s just taking more TIME, to complete formalities!
In textbook terms once MARKETS sustain below Todays Low, and protects 18,200 on upside, we would witness Decent decline which shall last Till 21st,NOVEMBER. Same set of rules will apply to (NIFTY BANK) as well!
For U.S. MARKETS yesterdays low would be very critical. A daily close below yesterdays low would eliminate possibility for a deeper pullback which I anticipated earlier. So things are very clear. Now it depends on MARKETS, at what point it triggers the plug, till then need to relax!

NIFTY is still holding its support of 17,950, but structure is pointing that we ideally would break that soon! As mentioned yesterday something have completed at yesterdays high of 18,179! But further conformation is needed to call it a TOP!
NIFTY BANK also seems ending this move, anyways it dint went above SEPTEMBER highs! Thought to write a seperate post on that, but quite short of TIME these days!
40,500 is a support on rising Geometrical Channel once taken down move towards 38,000 should unfold gradually! Sooner or later should move towards projected path which I shared in SEPTEMBER!
Coming to U.S. MARKETS now! Todays low whatever is made during the day, would be critical! If we get continues close below todays low that would make us conclude that bounce there has ended!
For NIFTY tomorrow’s TIME SQUARING date would be important! Whatever we are expecting, markets may validate from tomorrow! So let the screen conform then chase the move!

NIFTY; may have completed something at Todays High, but is it just a Temparary pause or something beyond that, that we have to see, going forward! I would like to see it as primary indication of reversal, but
That also would require further price conformation! The support areas are still the same, which were mentioned yesterday! 17,950 is the nearest support level!
This rally is coming to an end both on (PRICE and TIME), Parameters! Once the supports are broken it would get easy to calculate, how deep or shallow coming correction would actually could take place!
Things would get intresting from tomorrow, because not only markets will react to an event! But they also will face test from TIME tom is (VIBRATION DATE) followed by (TIME SQUARING DATE) on Friday!