NIFTY; continues the rally, holding its supports! The thing we have been focusing since 19th,OCTOBER, is (SUPPORTS)! For now supports have shifted higher to 17,839-17,950 on spot!
As long as these supports holds it’s not possible to attempt a short trade! Let’s see how long market manages to hold its support zone! These numbers would come higher if this rally stretches further!
For now, 17,950 is a number to watch out! Once this is printed, we would then look for selling opportunities! !

NIFTY; is moving higher but with very low momentum, never the less, it has managed to protect its supports so far, the break of 17,850 have shifted supports higher to, 17,630-17,760 on spot! The nearest support from here would be 17,760 as long as this level holds, the rally will continue!
As posted earlier (U.S. MARKETS) would rally more and (INDIAN) markets would relatively under perform them, so far that has happened on expected lines! Going forward DOW, is in its final stage for completing this bounce
But S&P and NASDAQ have still something left on upside!
Until this bounce actually completes in U.S. things would be quite irritating for INDIAN TRADERS! Because markets are not rising in a manner in which they should rise!
On TIME front, 3rd,NOVEMBER and 4th,NOVEMBER are critical TIME;CYCLE;DATES! 3rd,being a (VIBRATION;DATE) and 4th, is more important because that’s (TIME;SQUARING;DATE), MARKETS recently have worked very accurately on (TIME;SQUARING;DATES)!
Previous (TIME;SQUARING;DATE) was on 19th,OCTOBER and MARKETS were not able to give a daily close below that days low: let’s see, how things goes this TIME! A reversal trade will open up, once we get a daily close below the low of (TIME;SQUARING) DATE!
This applies to all MARKETS!

NIFTY; is struggling to move higher, but not able to go lower as well! Short term (TIME CYCLES) are neutral as of now, a break of 17,850 can push prices higher above 18,050 on spot! On downside strong support is at 17,550 followed by 17,400 which continues to be a critical level!
U.S. MARKET have not completed its pullback Technically, so (NIFTY) May not match their upside, but can under;perform on relative basis! Anyways (NIFTY) have under;performed $S&P;500 Since last week! So better not to enjoy watching over;night futures!
We are not in a Trending Market, hens trades has to be taken wisely! The larger trading opportunity will come when (U.S. MARKETS) completes their pullback, but until that completes, the 1 or 2 days of correction there, would add more pressure here!
Its obvious that people have again started to hope for fresh 52,week highs on INDICES, Anyways it’s just a number for me, not that easy to go there, and on Phlip side if 17,400 breaks, then it’s very unlikely! So no matter what you think, (but trade tactically),!

$S&P;500; is taking excessive TIME to go down, now this can result in deviation in SHORT-TERM and MEDIUM-TERM CYCLES, which Technically means more upside, or a deeper pullback in Coming days!
Possibly it can extend till 4,077 to 4,150 on (S&P) cash! To negate this deviation S&P,500, must break 3,647, if it doesn’t then it can go higher first, before going lower!
The deviation if happens will impact only the short term, nothing will change for MEDIUM-TERM! 3,260 is yet to achieve, will take more TIME but certainly will go there, and even over shoot it on downside!
Earlier we expected MARKETS to turn down sharply, after 19th,OCTOBER, since that’s not happening we need to consider alternate sinario! TIME wise all the upside may end till mid NOVEMBER! Nothing beyond that, let’s see, 3,647 holds the key!

NIFTY; the plan was straight forward! No shorts as long as 17,400 holds! That has been the view since last week! MARKET is at a resistance, but better not to anticipate that it is Turning!
Let it turn first, then only I prefer to short! As I posted earlier, I am not in a hurry to call a top! Nothing has changed yet, on CYCLES!
There is no point repeating same points again, but to short, we need to wait for now! We traded this pullback till 17,600 not interested to stay long above that, no matter where it ends, either it ends at 18,000 or 18,200 doesn’t really matter!
We would figure out the (PRICE and TIME) setup, using short term CYCLES going forward! For now let MARKET consolidate here, Today also is a (VIBRATION DATE)!

U.S. MARKETS, have their MONTHLY OPTIONS EXPIRY today! Plenty of shorts would be out of system when markets rings closing bell! It has been very destructive series their!what we want to see in next series is, will prices colaps immediately or they pull;back further before turning lower!
No point talking about levels, because PATTERN POINTS are way higher then current levels! Only thing to focus is, whether PRICES sustain below the low of 19th,OCTOBER, so far they are not! So until they sustains below 19th,OCT low, this pullback can stretch further!
There is no bullish case, only point is where we turn BEARISH! Let market say that! 3260 is still pending on $S&P;500; It has to go there, better to wait until few things fall in place!
25,OCTOBER next critical date!

NIFTY: is still moving around OCTOBER,19th high! Since we are looking for reversal, 1st important signal which is required is a daily close below 17,472 which was the low of (TIME;SQUARING;DATE), need to wait, until that happens!
No short trade till then! On PRICE front, supports have moved higher to 17,400 from 17,200 on spot! As posted on wednesday there is no hurry to go short! Let market turn, because when it will turn there will be a TRADE for the quarter!
U.S. MARKET is at a make or break point today! TIME WISE it also have to make a strong move either today, or on 25th,OCTOBER! Don’t want to say much about that, only thing will say is, be prepared for all probabilities! Eliminate the word (SURPRISE) for few days!
There are no doubts that MARKETS will not go down! Only point is, in short term there are not enough indications to go short! I am not in a hurry to call a top! Will like to wait until 17,400 breaks!
Few Trading Holidays next week, so majority of action will happen with (GAPS), will end it here with festival greetings to everyone! Plenty to look for, from next week!

USD-INR, have achieved the projected Target of 83! Which was shared on 29th,AUGUST! NEXT Target is 85, which also should come! But the intresting part is, there is still plenty to do in long term!
Whether that’s 91 or 97, that we would figure out going forward! 85 is a level: where it should go for consolidation for few weeks, or couple of months! Because around 85, (USD-INR) will complete 1 rotation!
This really has been a TRADE of the YEAR! From 75 to 83, it has been an easy long trade! Which is still going on! It will continue to pause at some point, but eventually will continue to inch higher! No case for reversal!
Coming to (DXY) now: it has been under some consolidation, which was needed, but now its TIME that (DXY) also breaks it’s high of 114.78 and move higher towards 116-117! In near term! Which will have not so good implications!
I posted this earlier as well, the manner in which DXY is moving higher it certainly will re-shape FINANCIAL MARKETS! Something is certainly about to break, not sure what? This CYCLE also is finding its VICTIM! Let’s see, what happens!

NIFTY, printed 17,600 the level we thought best on last Friday! 17,450-17,600 was a perfect zone to project the pullback area! Now when we have done that, focus will shift to, where this pullback actually ends! And once it ends, there would be an easy short trade!
But will wait for conformation! I will come out of my longs, but will not go short yet! Not in FUTURES atleast! And when the conformation will come?
That will come when, market closes below todays low! That we will see, going forward! I mentioned this in past! That this is just a bounce, nothing beyond that! There is no case for mean reversion!
Whenever markets recover from lows, traders get very exited! The joy moves around like we have achieved something! Markets will go up and down, better to trade them tactically! We are in a (BEAR MARKET) for global equities! And that’s a fact!
You may argue that INDIA has not fallen substantially. But it doesn’t mean that, downside risk has gone away! We still have plenty to do on downside! I have put minimum projections of 14,400 on (NIFTY)!
Which is still pending!
Frankly I wait for markets to go up! To remind these points again! I don’t like to put these things at 16,900! For those TIME STUDENTS searching for answer, why NIFTY is holding well!
Go and check BEAR MARKET of 1972-1973 for DOW! You will find something simillar! Others can hope for 22,000 for NIFTY SOON! For next major short trade, let’s wait for market to fulfill few required criteria!

NIFTY: completed minimum pull;back target of 17,450 on spot! Going forward supports have shifted higher to 17,200! On TIME FRONT tomorrows low would be very critical for rest of the month! Not only for (INDIA) but for (U.S. MARKETS) as well!
I have been expecting a bounce before a sharp turn lower and MARKETS have done that! From here would look for reversal signs! Before adding shorts! There was a LONG Trade at 17,100 and that have played out well!
At 17,500 we are much higher then where we were yesterday morning! So those profits should be protected! NIFTY have very strong resistance at 17,600-17,800, this has to be watched very closely! It co-insides with HEXAGON and CHANNEL resistance!
Will wait for markets to turn before fresh shorts! Tomorrows low holds the key!