SBI, have a week (HARMONIC) structure
Medium term Target here is 370 on cash
But would take its TIME to reach there
For short-term a print below 470 would put it, in a week position
Below 470, I would expect Targets of 450, 425 which are lower (VIBRATION) points
And below 425 expect 400 which would be a (HEXAGON) level
For medium term, I am bearish on everything which ends with a word BANK
Let’s see
How things goes

AXIS,BANK has given a decent Counter trend bounce from June lows of 618
Most probably it has completed the majority part of its bounce
Expecting prices to turn down from here
PRICE conformation would come, below 660, for,targets of 637 and 604 on cash

ICICI,BANK, seems turning from a very ideal place
In MARCH it gave (HARMONIC CHANNEL) breakdown
After that it has given rejection around 770 levels, because 780,800 is the upper end of channel
The completion point for this Channel is at 562
But for short-term I would like to see a print below 740 to get a breakdown conformation
Below 740 Targets of 718 and 685 would open up
Be careful if you hold it as an Investment

INDUSIND,BANK, have a week structure
The long term setup is very week here
A print below 810 would trigger a PATTERN breakdown which would signal a move towards 768 and 725 on cash Positionally, would take it from there

KOTAK,BANK, looks ready to resume it’s down,trend again after a counter,trend bounce
A print below 1690 would trigger a PATTERN breakdown, which would open up Targets of 1625 and 1560 on cash Positionally
BANKS have plenty to do on downside

NIFTY, is going through a Timely and healthy consolidation before next move
All,though I expect next move to unfold on downside
But for very short,term as far as NIFTY, holds above 16,000 level of 16,400 is very much possible
But 16,400 is subject to certain conditions so it may or may not come
Another factor which I am keenly watching is the bounce in U.S. MARKETS, for me it’s too slow and narrow
I expected S&P, to test around 3960, it went till 3918
Let’s see whether it completes or falls short
Next TIME INDICATION for this market would come on Friday, which would be a VIBRATION DATE
Expecting a Trending move from next week
I have slowly started to add September puts
Watching closely whether markets turn from here or from slightly higher
Downside is imminent for this markets, only point is from where it start to fall
Thrilling times ahead
Let’s see how it goes

NIFTY, finally gave a print of 16,200 on spot
That too on, 8th,july
Since last 2,weeks I had pointed 8th,july as (HARMONIC,TIME,CYCLE) DATE
Those who understood its calculation were aware on it
TIME PIVOTS, on MONDAY, would complete very critical HARMONIC CYCLE
Need to be prepared for more volatility going forward
Todays date also co-insides with a VIBRATION DATE
So time Has gone very active
Better to approach markets sensibly
PRICE wise I had minimum objective at 16,200 Which has been achieved for now
Going forward I expect markets to go little bit more higher above 16,400 before this bounce ends
I had been calling out this bounce as counter trend bounce, because primary trend was, and still is strongly bearish
Expecting primary trend to resume shortly
But markets can do anything
Bare markets are tough to trade
But we have to keep following our plan
Controlling the risk element
Because if risk is addressed, the fear of Loosing eliminates
So far markets had performed on expected lines.but sometimes things wont work as expected, still we have to keep following our process
And the process now says to start looking for short trades
Waya september puts
Keeping a big target this time
Target would be, 14,400 on spot which has been my expectation since MARCH/APRIL, I have TIME LINE for the print of 14,400 on or before 15,th,september
I think it could happen before 15th,september
But in between there would be some counter trend moves
Would take that in real time
No matter how far this bounce goes
Ultimately it has to come down
And complete downside Targets

DXY, U.S. DOLLAR INDEX, has came very close to the projected target of 108
Yesterday it made high at 107.26
If this high does not get away in next 2/3 day, then expect DXY to cool off a bit
Target of 108/110 would be intact
But for short term INDEX can go sideways before next move on upside
In APRIL when everyone expected a collapse of $ I pointed towards the massive breakout on DXY above 102.25, that got printed on 27th,April, view posted on 25th,April,2022https://ganntradersaahil.wordpress.com/2022/04/25/dxy-view/

GOLD, is coming closer to very Important (HARMONIC CHANNEL) support zone of 1690-1720 on COMEX
I Expect, this support zone to hold, going forward, and in coming days should test 1880, and in coming months print of 2070
Should come
For me, GOLD and SILVER, are very close, to complete the price correction
From here it should move higher
This is the only asset class I have a bullish view for rest of the year
SILVER also shall rise but GOLD looks more convincing to me

NIFTY, is moving traders right and left of their seats
But for now we, can’t take PRICE seriously, until this CYCLE ends
And there are 2,TIME,CYCLES running at the moment
1 is the HARMONIC TIME CYCLE, which I had been pointing out as bullish cycle till 8th,july
The other one is a weekly cycle, now I will explain you how it came! Under the rules of Gann Theory, a bare market bounce can last approx, 3.5,weeks from lows
Considering 17th,june low we still are in 3rd,week, of this counter trend bounce
So what to do now
TIME would move on it’s own speed
Can’t do much about that
And as Traders we cannot over,turn TIME indications
So there are just 2,options left with us
1st, is to keep approach of going long as far as 15,500 holds on spot
Because as far as 15,500 holds, All Targets remains on table till next week
If that breaks need to re,calculate structure again
2nd,option is to sit,out
For now I would prefer the 1st,option
I wont mind if I end up on a losing trade
If positions are managed wisely this market still could be rewarding
Need to keep options open for few more days