NIFTY achieved my Target of 17,410 on spot Today! Since last Friday my view had been absolutely clear, that market had turned lower, and we will see NIFTY go down towards 17,410 and 17,166 in Coming days!
On tuesday afternoon I openly shared my SHORT TRADE on NIFTY! I don’t do that usually, it’s not that easy to keep holding your view, when people are ultra bullish! No one likes when you talk bearish! But I always prefer to follow my methods!
Another point I shared was to use your experience, because if you don’t use that when it needed the most then it’s use less! From here it’s easy to say, sell on rise! But I will now convert my futures positions into OPTIONS! And keep that approach to sell rallies!
Next on NIFTY is 17,166, with or without a bounce! Those who understand CYCLES knows what next after that! Those who don’t they keep buying the dipp! But at your own risk!

KOTAK;BANK is Breaking down: initial sell signal was flashed on wednesday morning, many would be aware on that! Setup is sell on rise, till 1900 for Pattern Targets of 1760 and 1705 on cash, in Coming days!

HDFC;BANK, would give multiple pattern breakdown below 1437, setup is week! Targets on downside would be 1380 and 1325 on cash! It has under performed on upside, should out perform on downside!

NIFTY;BANK posted the lower low on weekly scale! I expected it to happen, and it finally has happened! Posted clearly on Tuesday afternoon when it was Trading at 41,500! A lower low in a pattern week, has turned weekly cycles Bearish here!
The last ship standing for bulls is finally ready to sail! Nothing will happen overnight, but from here weekly cycles have linked to yearly cycles, which have been Bearish! Matter of TIME, MARCH low of 32,155 will break going forward!
PRICE will take its TIME, but will go there! For near term would be watching for 39,025 and 38,100 as possible Targets within 2,weeks! Bounces will come and go!

NIFTY have a VIBRATION DATE Today! As per textbook rules we need a daily close below Todays Low! As far as Trades in Futures are considered, we have reduced positions and for remaining positions we have Trailing Stops at 17,860 on spot!
So there is nothing to lose in this trade! View was, and will stay Bearish! I saw traders running here and there! Better to put stops, and relax! There is nothing else we can do!

NIFTY keeps swinging from Right to Left! And Left to Right! Any bounce till 17,950 would be considered as a controlled Bounce! Until spot moves above 17,950 I won’t look to reduce my shorts!
Above 17,950 would reduce my Positions
That’s plan B. My preferred sinario is we are moving Towards 17,410 and 17,166 and even below in Coming days! For any madness, I have Hedged my Trades!

$S&P;500; have to deal with an EVENT Tonight
With all respect to its outcome, there are certain facts which we should take note off! 1 on PRICE, the SQUARING PATTERN and VIBRATION PATTERNS are Trending lower here!
1Patterns are suggesting to sell on rise till 4,012
As long as S&P, Cash stays below 4,012 we certainly would see fresh lows on S&P below 3,636 That would be fresh lows for the Year! But what if 4,012 breaks on upside?
Then things would get complicated with PRICE! Then we go for TIME which is the most important aspect in any analysis! We use 3 different CYCLES for TIME ANALYSIS to project probable path!
For now all 3 CYCLES are pointing more weakness ahead! Would like to mention (HARMONIC TIME CYCLE) specifically because that have turned bearish after multiple bullish cycles! This is a very bearish sign. There is a high chance that U.S. MARKETS makes fresh lows within this CYCLE! This CYCLE would end on 4th,October!
So we may see june lows breaking before 4th,October! Which makes things simple for us! Whether 4,012 holds or not. time cycles are very clear with their objectives! In case market rallies after event. That bounce won’t last beyond a day or two.

NIFTY PRICE setup has to be reviewed after Todays Gap up! As posted yesterday, the low of 17,430 can temporarily pause the PRICE expansion on downside! The problem is coming from NIFTY BANK! If it fails to make a lower low this week then we might again see NIFTY consolidating and NIFTY BANK rising!
Level of 41,840 will hold a key, not only for (NIFTY BANK) but for (NIFTY) as well! The short term cycles are bearish for NIFTY, but not for NIFTY BANK as of today, MARKETS have to deal with an event on Thursday, That has added uncertainty to PRICE! Without an event we would had expected new lows for NIFTY below 17,430 till Thursday, because 22nd september is our next date for (VIBRATION TIME CYCLE)!
With an event we don’t want to limit ourselves with only 1 possiblity
We don’t have reasons to go long yet, we prefer to short this market again as long as NIFTY BANK stays under 41,840! This was only the reason, we posted last Friday, few things have happened and we are still waiting for few things to happen! So respect risk!

NIFTY Posted a Lower low Today
This bounce from 17,430 is justified, if you understand VIBRATION PATTERN! This allow markets to take a pause before further expansion on downside!
On Friday I posted Target of 17410, it’s still pending, NIFTY BANK is playing a different pattern! It is yet to post a Lower Low below previous weeks low
Once that happens it’s all over! Until then need to wait before calling Top here!

JINDAL STEEL; About to break 417 soon
A breakdown seems imminent here! TIME would favour it to travel south and complete all pending objectives on downside! Once this breaks 417 the HARMONIC TIME CYCLE would make fresh lows certain!
As a short term Trader level of 417 holds the key! For slightly medium term the low of 304 doesn’t seems a strong bottom
Gradually we may see that breaking and prices may Travel towards 260 in couple of months! The super cycle in metals have to deal with a very strong resistance from TIME!