NIFTY: had everything on FRIDAY to go through its resistance of 17,450! But it failed to do that. Since the start of this month, NIFTY is Trading sideways in well defined range!
We discussed on TIME earlier! (why 19th,OCTOBER is a critical date), today let’s focus on PRICE! There are few PATTERNS which are used in Trending Markets, and there are few PATTERNS which are used in SIDE-WAYS MARKETZ!
In SIDE-WAYS MARKET we use (SQUARING PATTERN), which for (NIFTY) is Trending down! But not expanding! This PATTERN will expand once NIFTY will close below 16,817 on spot!
Break away point for this PATTERN is 17,341 on closing basis! So until we get a closing either sides, there is no trend in short term! Before that if NIFTY breaks 16,897 it will eliminate all pull back possiblity!
TIME will take its TIME to complete its rotation! But before that if NIFTY breaks 16,897 then PRICE will give BREAK DOWN before TIME! But as long as 16,897 holds we still have space to travel till 17,600!
Why 16,897 is important? Geometrically that’s 1×1 angle from the top! Which is very important! Broadly I still hold my bearish view but in short term, would wait until PATTERN get clear!

NIFTY playing out the preferred sinario of: (A bounce before a sharp turn lower). Since last 3,days I had been elerting on a possible bounce which would only occur, to calm things down, specially in U.S. MARKETS!
The reason was extreme positioning and few note;worthy (DIVERSIONS) which always provides early signals! I explained this 2,days back, can go through that, if you observe markets closely then, you must have noted that!!
In the end of SEPTEMBER the new low in (DJI&S&P) was not confirmed by (NASDAQ), Hens MARKETS rallied in early OCTOBER! Simillar thing happened in this week! So a pullback was due, and that’s happening, better not to read anything beyond then that!
Another intresting thing happened with $S&P;500; Yesterday, yesterday with it’s open, S&P: broke it’s all important level of 3,507, with a flash! Now along with (TIME) (PRICE) Geometry have also given a BREAKDOWN!Will expect test off 3,260 in coming days!
Many would feel that the upmove yesterday have confirmed the BOTTOM but if we analyse TIME, that’s not the case! Yes the upside was sharp, but it changes nothing, with respect to overall structure!
If you really think yesterdays move was extra-ordinary then you are not aware on BEAR MARKET Declines, this is just a beginning of: Ultra-voletile times ahead! We will have many such sessions in coming days! To cut it short,
It’s not possible to make CYCLE BOTTOM when CBOE VIX is just 32! Never happened in past! And will never happen in future as well! Thrilling TIMES ahead for TRADERS, Coming back to (NIFTY), now!
First on (TIME) The major date from here is 19th, for all markets! Particularly the LOW of 19th,OCTOBER, would be very critical! Once market sustains below low of 19th, there would be no stopping!
Not only 19th, 17th, and 18th,OCTOBER, are also TIME CYCLE DATES! Shared these dates on 3rd,OCTOBER, on price front would be watching for 17,450-17,600 on upside! Wait for market to turn before fresh shorts! And manage volatility wisely!

NIFTY; preferred sinario Is still a bounce before a down turn! But what if, bounce does not comes? Then cut-off point is 16,747 on spot! The larger trade is still to short but on rallies, risk-reward not favourable here!
It would be appropriate if market turns lower, after 19th,october, but market would do what they want to do! Let’s see, volatile times ahead! Tomorrow would be intresting!

$S&P;500; has done exactly what I anticipated since the month of MARCH, Nothing really left to say much: how it has performed! The current state of markets was signalled by (TIME;CYCLES) many months back! And that CYCLE is still incomplete!
In,fact, we are yet to see the actual capitulation of this CYCLE! The TIME is not far to test circuit filters! Tough to point out exact TIME: but I think, we are almost reaching that point!
On TIME FRONT would be watching out, how S&P behaves after 19th, because 19th,OCTOBER is (TIME;SQUARING) DATE: once MARKET sustains below the low of 19th, we may see the real PANIC Taking Place!
On PRICE front, if S&P cash, prints 3,507, that would be a very BEARISH sign, that will make certain that it would complete our long pending Target of 3,260 in few days! We don’t know when it will break 3,507, could be Today, Tomorrow, or may be next week!
But when it breaks it would go down towards 3,260, nothing is certain but, this is a highest probability according to (TIME&PRICE), (GEOMETRY), So do watch;out!
So till 19th, it would be a volatile market, hopefully it bounces, so falling becomes easy after 19th, let’s see: how markets perform going forward! Better to be prepared for all probabilities!

NIFTY; along with other (FINANCIAL;MARKETS) Have entered a very sensitive part in ongoing: (BEARISH;TIME;CYCLE), Things certainly are going to get more worse going forward! INVESTORS have no idea what’s coming their way! But the question we need to ask is? Do we get a pullback before that!
Couple of points to focus on: in (U.S.MARKETS) THE new low in (NASDAQ) has not been confirmed by (DOW;JONES) Now how long this can continue that’s tough to say, but all INDICES ideally have to move in simillar direction! In Technical terms, this is called, (DIVERSION)!
Similar is happening in (INDIAN MARKET) yesterday the low in (NIFTY) was not confirmed by (NIFTY;BANK) So all such points makes me to think that there could be a pull;back before the downtrend accelerates!
Not necessary that market does what we expects, but this is a possiblity, that’s why we are Hedging our trades! To put it in Simple Terms: we are at a point where,
The upside is 5-6% and downside is 20-25%, in few weeks! So understand this ratio! Trade wisely, pull;back if comes, then would be a final one, before meltdown! Exiting times ahead!

NASDAQ; yesterday achieved mentioned Target of 10,350 on downside: mentioned on it on 27th,SEPTEMBER, IT behaved in very volatile manner: gave a sharp recovery last week, almost tested resistance area, and turned lower sharply!
For very short-term things have gone very extreme, hens there possibly could be a strong bounce, which can last for few days! Just a bounce, no case for reversal yet!
I have been posting BEARISH outlook for (U.S. MARKETS) for many months now, and MARKETS have gone down very sharply there! Unfortunately after such cut: the bottom still seems far from current levels! (TIME;CYCLES) have still not completed there rotations yet!
They infact suggests extreme weakness is yet to take place, let’s see, markets would keep bouncing from extreme levels, and once things settles they will keep making lower;lows! Watch,out! More pain ahead!

NIFTY is confirming things on Bearish side, but NIFTY BANK is yet to do that! Let’s still keep that upside option open! By hedging our Trades! From here be prepared for nasty gaps on either sides!

NIFTY; have given a PRICE conformation below 17,196 Today. But TIME is yet to confirm! That conformation will come when, MARKETS close below, Todays Low! That has to be seen, going forward!
This really matters for short-term! The entire complexity is only with the short-term setup, for slightly medium term, things are clear, that we are going back to JUNE lows, for (NIFTY)!
And even lower then that! But will take it, step by step! For short-term the cut-off point for NIFTY is 17,430 on spot!
We are expecting, hard test of JUNE lows, for (NIFTY,), That means, things would not be as easy as we want them to be, hens need to approach trades actively!
So focus on hedging your trades! Because 1,way trades wont work from here! In my TIME note shared last week, I mentioned week starting from 10th, will be very critical!
Going forward, there would be violent moves in U.S. MARKETS, that may bring unwarranted volatility in INDIAN MARKETS as well! So better to be prepared for that!
Nearest level which should break from hear is 17,000, on spot! Nothing wrong in hedging or adding some calls at this level, let things get, more clear, before we go aggressive!

NIFTY has to be approached wisely, MONDAY would be a critical day, may,be a Gap on either sides
As explained yesterday, low of 10th, or 17,196 imp! Better to wait, till then!

GODREJ;CONSUMER; have printed both; suggested Targets of; (855 and 825), on Cash! Posted on it on, 19th,SEPTEMBER! Going Forward; it may give week BOUNCE, But now, it have expanded, (BEARISH;PATTERNS) on downside!
It’s now about picking the PATTERN wisely! If we Go by, simple GEOMETRY: next Targets are Coming at 785 and 745 on Cash! The TREND have asserted down here!
Hens selling rallies would be an IDEAL STRATEGY: better to stay short waya OPTIONS! Strategies like (SYNTHETIC;PUT), or (BEAR;CALL;SPREAD) may help.: