$S&, P;500; finally broke the level of 4,200 in our review here on 20th,october we did expected it to break.
All CYCLES were perfectly alined for this breakdown and PRICES have acted on expected lines.
With yesterdays LOW of 4,127 INDEX also completed our primary Target of 4120 which we shared,
We were working with the zone of 4080-4120 as near term target,
So for short term all our objectives have met.
INDEX now needs some pause or a bounce before it resumes its next leg lower.
For medium term with the break of 4200 it’s almost certain that S&P is moving down towards the MARCH low of 3808 in next couple of months.
May be even lower then that,
but we would approach that in stages.
We do have certain targets in mind for longer term.
For short term level of 4161 is important because that’s PRICE and TIME EQUALITY POINT till 3rd,NOVEMBER.
This should work as a MAGNET would review setup again after 3rd,NOV,
and would look to anticipate the next possible move.

NIFTY;BANK; has surprised many with its recent decline.
We shared our view here on 23rd,AUGUST explaining things in details on why the overlap of 44,151 is critical in overall CYCLE analysis.
That overlap confirmed the TOP which never got printed again.
Very unlikely that it gets there in next 6 months.
The rally in SEPTEMBER made things quiet complicated,
but once that ended it made things clearly BEARISH.
Technically the rejection from highs resulted into a double TOP breakdown here.
No CHARTIST can deny that.
PATTERN targets are huge let’s not discuss that.
43,500 was a strong support here now when that’s broken next major support on downside would come in zone of 41,000-41,500 on spot.
Once 41,000 breaks on closing basis next level to watch would be MARCH 2023 low of 38,613,
no major supports in between.
For now INDX needs a pause and some bounce.
Once its done next move down would test levels closer to 41,000.

NASDAQ;COMPOSITE; finally have achieved our target of 12,800 yesterday,
We reviewed it on 13th,OCTOBER we also projected max time limit till 27th,OCTOBER to get towards 12,800.
We have seen a brutal decline here in past few days and unfortunately there are no signs yet for a major turn around.
As per CYCLES 19th,OCTOBER was PRICE and TIME SQUARE DATE here as long as INDEX stays under it we could only get temporary lows which wont hold beyond few days.
MEDIUM TERM trend is certainly down.
For short term its overstretched.
Our next targets on downside would be 12,477 and 12100 but that would take time, INDEX might attempt some recovery from tomorrow,
27th is a turn date here,
Let’s see.

NIFTY reminds me of a famous song of 1932 by HENRY HALL,
it goes like this,
If you go down in the woods today, you’re sure of a big surprise
If you go down in the woods today, you’d better go in disguise.
the title of this song is (THE TEDDYBEARS PICNIC),
and it really looks like MARKETS are returning from one such PICNIC.
On MONDAY I posted that NIFTY during this decline should not overlap with its previous high of 18,887,
Earlier NIFTY BANK and today NIFTY overlapped with its 2022 highs which ruled out the possiblity of a CYCLE breakout, in our opinion there was never a CYCLE breakout today that’s officially confirmed.
There was always an extended rally which too was very annoying.
Majority here would be aware on my outlook on MARKETS and for that same outlook my theories were hilariously presented by certain individuals.
I am not going to repeat same things again.
The outlook remains what it was.
6 months down the line retail guys anyways would learn their lesson.
Anyways coming back to short term now.
Today with the print of 18,972 NIFTY have achieved our HEXAGON TARGET.
We have carried BEARISH trades since levels of 19,650-19,800 and we have captured this entire fall,
At one point MARKET will find a base and recovery after that would be critical to watch.
Technically 18,710 is next target but that might take TIME.

NIFTY breaks the solid support of 19,200,
So as expected PRICES are headed towards HEXAGON TARGET of 18,972,
Any recovery attempt is likely to fail closer to 19,400 on spot.
There is selling across the board since MONDAY.
MIDCAPS and SMALLCAPS have seen absolute carnage.
This is more severe then what it really looks like.
Still INDIA VIX requires a closer attention,
a higher high above 13.40 would help NIFTY to overlap the level of 18,887,
Volatile times ahead,
Let’s enjoy.

RBLBANK have squared out its PRICE with TIME in previous week.
Most probably it have registered a major high at 256,
STOCK have a key PATTERN support at 224 once that breaks it should test levels of 203 and 185 in next few weeks.

NIFTY printed 19,267 today,
3 points to note here.
1, the TIME and PRICE have squared out which we were discussing in early OCTOBER.
2 till 3rd NOVEMBER NIFTY is unlikely to produce any reliable signal for a meaningful REVERSAL.
3 a break of 19,142 would push PRICES towards HEXAGON Target of 18,972,
If you are a long term investor then hope and prey to GOD that NIFTY do not overlap the previous high of 18,887 on spot.
watch out for INDIA VIX as well,
We are looking for a remarkable rally to unfold here.

$S&, P;500; is still holding that all important zone of 4,200-4,250,
, We have constantly shared this zone as a MEDIUM term support,
, Finally its approaching that TIME within which this support should go away,
, MARKETS were waiting for CYCLES to aline.
, and they certainly have alined with yesterdays close.
Once 4,200 officially breaks MARKET would target MARCH 2023 low of 3,808 would take TIME though better to approach that in stages.
For immediate term we would watch for zone of 4,080-4,120 as a Target zone,
Increased volatility should finally become a new normal.
There is also a PRICE and TIME SQUARING equation here but for now it’s not essential to discuss that.

HEROMOTORCO takes out 3240 today which was our primary target,
This has happenned rapidly which is a strong sign,
PATTERNS getting more stronger now,
3400 should be easily achieved in NOVEMBER.
View posted on 12th,october.

NIFTY had a key CYCLE DATE yesterday,
A daily close below yesterdays LOW would set a stage for a vicious or a waterfall decline immediately ahead.
Watch out for that,
We have been very clear on,
NIFTY going towards 19,267 which is PRICE and TIME SQUARING POINT,
it may not stop there,
but for now better to take 1 step at a TIME.
Finally MARKETS are approaching the extreme POINT of pressure in CYCLES.
So we should define within which date NIFTY should break level of 19,267,
Our calculation suggests that, we should reach there till 27th,OCTOBER.
Next PRICE and TIME SQUARING DATE for NIFTY comes on 3rd and 17th,NOVEMBER,
the DEGREE at which both would SQUARE would be 63°,