NIFTY is weaker then what I anticipated! It gave a bounce and again selling off! 16,750 is that final line of support! It will break, For sure but before that it should bounce, tomorrow and friday are key TIME CYCLE DATES, posted on it on 2nd,september, since Tom is a Pattern date, let’s see , Whether we get a lower low or not! Fresh CYCLE will start from next week!

SBI; on TIME parameters have Turned lower! PRICE structure has damaged partly here, would damage completely below 528 on cash! If we analyse all PRICE PATTERNS then it’s a clear sell on rise candidate! Rallies upto 555 should be utilized to sell for the Targets of 501 and 465!
It should not have posted new highs during this CYCLE! Since it have done that, the consequences would be severe! The real impact won’t be realised here! People would feel heat only when it will break 425! Let’s see!

NIFTY;BANK; the (TITANIC) for BULLS has trapped many Investors and Traders! The ship is sinking and likely to collapse under deep waters! Before that there would be rescue attempts which also would fail! The rally was against natural laws, hens would go down with a hard punch!
Technically for short term, I posted Targets of 39,025 and 38,100 on last friday! Market have printed both levels and even have gone below that! There is a case for a pullback from here, whether that happens or not need to see!
As traders we only can protect our profits and wait for bounces to re initiate shorts! The primary trend is down so have to keep switching tools to stay on short side of markets!
Next levels on downside to watch would be, 37,200 and 36,327 on spot! Ideally I expect it to go there after a pause! But gradually prices should go there! HARMONIC TIME CYCLES have officially turned lower!

NIFTY have reached a critical support zone of 16,750-16,850 which I shared on Monday! This should be the last hope for BULLS! If this holds then there could be a recovery towards 17,150 if doesn’t then, the odds of going higher would reduce considerablly!
As traders we need rallies to add shorts! 16,550 is a possible target on downside! Which is an ending point of HARMONIC CHANNEL! Your entry matters if you are a short term trader! Structurally NIFTY is going back to JUNE lows!
Earlier in my mind I never had that doubt that we are not in a BULL MARKET! Posted that multiple times! Before posting TIME LINE I would like to see NIFTY breaking 16,750 and closing below it! Short term TIME CYCLES are definitely trending lower!

NASDAQ have achieved suggested Target of 10,800 last week, in a CHANNEL it is trending lower, upside resistance is at 11,450-11,600, as long as it stays under it, on downside 10,350 and 10,003 is possible in Coming weeks! In short term some recovery is due, then back to lows!

$S&P;500; has almost tested the JUNE lows! Matter of TIME, it will break it and go much lower! I have long pending target objective of 3,260! But for very short term, this fall have to take a pause!
On 21st,SEPTEMBER just before the FOMC meeting I explained the (PRICE and TIME) structure of S&P;500 in detail! Even during the August rally, I kept alerting investors that this is just a counter trend bounce!it will fizzle out, and eventually it fizzled out!
We are back to JUNE lows from august highs! Here PRICES should cool down. Should consolidate, even give a pullback towards 3,850 before further lows! Not to read much in rallies! They are natural will come and go!

NIFTY needs some pullback before further expansion on downside! As pointed yesterday, U.S. MARKETS would find some ground, that would help NIFTY to give a bounce, before next selloff! Would utilize bounce to short! Watching for 17,220 and 17,390 in this pullback!

DXY, continues to print fresh DECATE highs! Since late APRIL my view have been very bullish here! Back on 7th,september I posted Target off 112, DXY have achieved that and even have crossed that!
It is now running towards a Geometrical resistance of 115.50 for short term it may pause here! But if it doesn’t then something is seriously wrong in FOREX MARKETS! Primary objective is, it stays under 115.50 and consolidate!
For medium term, technically I see no reasons why it should not test, levels of 120 and 127 in next few months! Let’s see, as per CYCLES something major is about to strike, which would re-shape asset prices!

RELIANCE is moving on expected path, on 29th,Aug when it had its AGM, I Posted 2 break away points here! They were 2550-2700, prices then broke 2550 and headed lower!
Today it even broke 2400 on cash! This correction would go to another level if it breaks 2365, below 2365 we can expect levels of 2305 and 2255 on cash positionally! TIME CYCLES also are Trending lower here!

NIFTY achieved another Target of 17,166 today! TIME to take majority profits here! And wait for bounce to re initiate shorts! Things would get wild here so need to stay carefull!
U.S. MARKET would point towards some pullback in next 2 days, so that could provide some breathing space to markets! For NIFTY final Line of support is at 16,750-16,850 on spot!
Good bounce possible if this holds, if doesn’t then?… PRICE structure of NIFTY have damaged considerably! Patterns like HARMONIC CHANNEL and HEXAGON are pointing extreme pressure ahead! More on that later!