DXY; back above 109, after some consolidation; as long as stays above 107 expect test of 110.50 and 112 very soon! DXY is in it’s own BULL MARKET!”
Won’t repeat what it means for Emerging Markets
Ultimate targets on DXY is way too high from current levels
I am sure, no one would be interested in it! So would go step by step!”
The velocity of this rise, has made my bullish view on precious metals; under some review
As far as, GOLD and SILVER holds July lows, would continue to maintain my view! DXY would decide the faith of other asset classes in Coming days
Watch,out!”

NIFTY; bounced exactly from TIME PATTERN support of 17,348-17356 which was mentioned yesterday. Last Friday I mentioned that, this dipp has to take down top of previous HARMONIC CYCLE WHICH was 17,356 NIFTY today have done that!” Good part is volatility is back. So 200-300 points swings are back. Stay away, if you cannot handle this volatility. Because this is here to stay!”
NIFTY is on a vurge of a SQUARING PATTERN breakdown. Not confirmed yet; today’s closing if happens below 17,550, then it will conform. Let’s wait!”
Today also being a PATTERN DATE, HARMONIC TIME CYCLES are pointing towards more pain ahead! Sharp bounces would always on cards, but this time, keeping with TIME direction
Need to keep more flexible approach!

NIFTY; mostly have squared out its PRICE on Friday
Because 19th,Aug was TIME SQUARING DATE, it’s high and low would be critical till next TIME SQUARING DATE
As per short term TIME CYCLES as long as market stays under Fridays low; its bearish
And this applies to all assets!”
On PRICE FRONT 1 point I would like to mention here. From it’s high NIFTY today have corrected more then 420 points
Few days back I explained why any dipp which exceeds 420 points from top, would be very critical!”
Other then that: few other possibility also exists, 17,348-17,356 holds as TIME PATTERN support
Major PRICE PATTERN support comes in zone of 17,100-17,250 on spot
Would spell it in more detail when it goes there
After testing the confidence of BEARS; MARKET would now test confidence of BULLS; Whoever lasts till end would take it away
Lot has been said on TIME CYCLES in last 3 weeks
Market would surely give reactive response to such analysts

NIFTY: the game begins now
Would get more intresting if it closes below 17,764. TIME finally is showing its dominence now
As I posted earlier, the character of this dipp will lay down foundation for further course of action!”
Most likely we have to get a follow through of this in next week
This dipp needs to take down the top of previous HARMONIC TIME CYCLE which was 17,356 on spot
Whether it will do or not? Let market decide that
Very intresting week coming up!”

NIFTY and NIFTY BANK: are standing at critical resistance
2,days back at 17,920 I posted that we are close to complete this move, atleast for now
No matter if it keeps going up, without a dipp, it makes no sense
To chase or short this market
The character of next dipp would give more clarity for next move
With respect to individuals view on markets
Whether long or short
Whatever your view is, for short term it’s time to be more watchful
Today being a TIME SQUARING date
Possiblity is with todays high, NIFTY may square out PRICE
But the conformation would come only below 17,800 on spot
Until 17,800 holds the pattern wont activate
So 1 number holds the key for next week; that’s 17,800

NIFTY, is close to completing this move for now
Coming dipp, would clear the next path for markets
Would UPDATE in detail when dipp takes place
Till then will relax
19th,august is a date which would clear near term tragictry for markets
Next week on 22nd and 23rd,august, would mark the beginning of fresh HARMONIC CYCLE
more on that later
No changes on medium term view
But for short term, need more clarity

NIFTY, towards 17,850 this level came on table on 5th,august
Which was a (TIME SQUARING DATE)
Going forward to turn things bearish for short term, NIFTY have to close below todays low, whatever is made during the day
Because today is a (VIBRATION DATE)
Since last 5 vibration date NIFTY have not closed below the low of VIBRATION DATE
so need to keep a close watch on that
I have been waiting for last 3,weeks to pull the trigger on short side
Specifically on BANKING stocks
But they have been moving up
The moment I see them turning, wont hesitate to press sell buttons
One after another
Would wait until I get that signal
I avoid half,hearted trades
Till then would keep my focus only on INDEX
For NIFTY major PRICE CYCLE support is at 17,550, Any reversal probability opens up only below 17,550 on spot
Until this holds, we can’t challenge Traders, who have stated that, market would only pause when it reaches MOON
Let’s se
This is a major week

NIFTY still have that space to travel towards 17,850, but the problem from last 2 days is intraday real body dispite Gap,up and market moving higher has been black
Does that holds any significance, my chartist friends can elaborate more on that
17,400 is a strong pattern support for NIFTY
But do break of 17,400 signal a trend reversal? If you are not aware on patterns then you have to look little bit backwards
Since the lows of 15,183 in june, the max price correction point wise on NIFTY was 420 points, which was from 16,276-15,856 if any dipp, exceeds this length on price and time scale, Expect trend to turn south
This is an easy way to figure out things
If anyone who have gone through the book (TRUTH OF THE STOCK TAPE) by sir Gann, must have applied this
Many traders have asked this question from last 2 days, hope this helps
Next week we have 2 TIME CYCLE dates on 16th and 19th,august
Which would signify setup going forward
There are multiple TIME CYCLE date starting from 16th, would UPDATE on that later

ICICI BANK, is trading is at all time highs, also at highs of 2022
It appears solid on charts but making fresh highs against major TIME CYCLES is not a good sign for slightly medium term
In short term it may perform well
But as an investment, this is not an appropriate space to enter
To complete its correction, structurally it has to go sub 600 before another move upto 1200
Historically incomplete TIME corrections have later resulted in mass wealth destruction
Which is also referred as an asset melt down
Same would be applicable to all equities including the most loved NIFTY
In INDIA there are no such examples
But in U.S. last time it happened back in 1929
Where prices kept making new highs, despite bearish TIME CYCLE
And suddenly markets collapsed like anything
Hope that history do not repeat again
But need to be prepared for such things
If market scales new highs
Then this could be a reality
Letz se
How things shape up from here
For me this is a good time to sell some holdings and raise cash levels

NIFTY needs such volatility to flush out easy longs from system
Todays rejection is similar to what we saw on 4th,august
But needs more push to turn the wheels down
As mentioned earlier, short-term Trading from here, would get extremely tough
Below 17,348 NIFTY is not strong
To test 17,850 NIFTY have to sustain above 17,474. If you have been following this space then you should have get the underline importance of these values
There are certain conditions attached with PRICE, But TIME always represents 1 sinario, which continues to stay bearish
Tough to digest but the problem for EQUITY MARKETS is the bearish annual cycle
I easily would had turned daily or weekly cycles
But I cannot twist TIME rules based on situation
So TIME structure of this market cannot be revised
I am sure, markets would validate my point in coming days