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

NIFTY, back on track
In tussle between TIME, and PRICE, it’s always TIME, who wins
This up,move should not be a surprise
On Friday I was very clear, with my expectation on markets
Since 20th,june, I have been sharing, My view on counter trend bounce, which could take NIFTY, towards 16,200 on spot
This level was on table on friday, still on table today
Setup remains intact, until NIFTY, gives print of 16,200
Till then avoid noise

RELIANCE, on Friday tested, the SQUARING,PATTERN Target of 2380 on cash
Which was shared on 9th,June
Going forward 2300 is critical channel support, breaking which march lows would be broken, and 2100 could be tested
Since April, my view has been bearish on this stock
But for very short term, I expect RELIANCE to hold 2300 and give a counter rally upto 2560-2620 on cash before next move on downside, towards 2100https://ganntradersaahil.wordpress.com/2022/06/09/reliance-view-4/

$S&P;500; is consolidating near recent lows of 3636 made couple of weeks back
I have been pointing out, pending counter trend bounce since several days
PRICE so far has not performed on expected lines
But view, still remains same
I still expect a bounce before next move on downside
The bounce can take S&P; towards 3960-4000 on higher side
And once that completes, downtrend again shall resume
For Target of 3540
Working with this objective
Let’s se

NIFTY, still not under woods
A punch from TIME, would break 15,920 with a flash
As far as this cycle completes, I still would keep my objective for 16,200 on table
I dont mind price voletility
It sounds messy, but cycles are still not supportive for a down move
No one is allowed to break the rules
I still would prefer long trade over the short trade, for extreme short-term
I am OK if trades fail, but wont go against, HARMONIC CYCLE

NIFTY, has stuck between the tussle of PRICE and TIME
We can’t do much about TIME, but PRICE have critical PATTERN support at 15,500-15,600 on spot
Things still stands where they were
Personally not intrested to go short till next week
Would hold on, before adding fresh positions
PRICE would aline with TIME above 15920 on spot
Next week would be very critical on TIME FRONT
Specially monday and friday
Because they would be, Pattern date and Vibration Date respectively
Not a TIME yet, to take aggressive trades

#DOW, have a critical channel support at 30,750, as far as it holds expects level of 31600 and 32200 in near,term
The pullback in U.S. MARKETS, still look’s incomplete to me
There may be still some upside before the resumption of downside
A break of 30,750 would put INDEX sideways
S&P;500 and NASDAQ, also have some upside to work with
TIME for now is not an issue
Let’s se how it goes

INFY, have completed all Bearish Targets, which were shared earlier in MARCH/APRIL
Now the low at 1367 could act as a strong support going forward for medium term
In short,term a print above 1502, would trigger a pattern breakout, which would signal Targets of 1560 and 1610 on cash positionally
I do expect I.T. stock to lead the counter rally on NIFTY
For now let’s not get into the debate on bottom on NIFTY I.T.
Let’s give some more time to the setup
Till then let’s conservatively participate in I.T. rally
With appropriate risk management

NIFTY, still have that support from TIME
As I had mentioned several times, in past few days
Atleast, till 8th,July, TIME, is supportive for a counter trend bounce
And TIME does have it’s own speed, which cannot be manipulated
So, as Traders, we have to respect TIME, and its INDICATIONS
Price fluctuations, is not an appropriate way to forcast market moves
Still decent TIME left for this cycle to complete,
Still for this cycle, my price objectives, are not yet met
16,200 has been my expectation, with support from TIME till 8th,july, I still expect print of 16,200 on spot
In case I se setup turning, would defenetly update
Trading positions has to be managed wisely, it’s just a counter trend bounce
Which still seems incomplete
Once it completes trades would be again aligned with the primary trend which is bearish
But for now better to wait for few objectives to complete

NIFTY, broke the Geometrical resistance of 15,750, with a Gap, on VIBRATION DATE
The gaps on VIBRATION,DATE needs to be traded carefully
But they do signal continuation of the trend in short,term
Anyways I did expected, the level of 15,750
to break, only point was how it breaks
After todays Gap,up NIFTY is closer to complete the pullback target of 16,200
Sooner or later NIFTY, would go there
And even can go slightly higher before next leg on downside begins
Since things are looking, extremely strong this morning, would suggest everyone to, go through my posts, dated 16th,June and 20th,June in which I clearly mentioned on a durable bounce upto 16,200 before next leg on downside
MARKETS, so far has performed on anticipated lines
This upside can still last till next week
Because 1st,week of July would complete critical TIME PIVOT, in (HARMONIC TIME CYCLE)
Above 16,200 need to approach carefully
Personally just focused on INDEX for this pullback
Would prefer to short stocks, on short side
Once this bounce ends
Would UPDATE when I reverse my positions
For now let, MARKETS accross continents to vitnes a relief rally