NIFTY is approaching key CYCLE DATE TOMORROW,
market would require a daily close below tomorrows intraday LOW to end recent consolidation and resume fresh leg lower.
Until that does not happen,
NIFTY is likely to spend majority of TIME between 19,650-19,850 on spot.
MARKETS globaly too are at a very critical point,
For S&P&NASDAQ fridays low would be extremely important to break,
Once that breaks we could witness a vicious decline immediately ahead.
Same goes for NIFTY if it gives a daily close below tomorrows LOW.
So if you are a conservative trader then wait till THURSDAY and react only when criterias are met.
Next 2 days shall be very intresting.

NASDAQ;COMPOSITE; have been moving in that channel which we discussed on 9th,AUGUST,We were working with downside Targets of 13,281 and 12,800,
We got 13,281 on 18th,august and since then we have seen a long consolidation.
17th,october is a key CYCLE date here expecting downward trend to resume shortly which finally should strike 12,800 the max TIME window which we would give for 12800 is 27th,oct let’s see,
Currently market stands at 13,574,
Would UPDATE next path once we get there.

HCLTECH is offering an ideal short trade,
The bounce from morning lows of 1208 may look BULLISH but in broad scheme of things it is not.
18th,SEPTEMBER was key turn date here and it probably have registered a medium term TOP there.
1311 was that high and that should not cross,
If our calculations are correct then STOCK is likely to print levels of 1160 and 1105 in coming days.
STOCK have PRICE and TIME RESISTANCE in zone of 1285-1305 under this its BEARISH.
26th,OCT, next CYCLE DATE here.

HEROMOTERCO, have a strong medium term structure,
STOCK would give an ideal long entry in zone of 3000-3050 on cash for targets beyond 3240 and 3400 in next few weeks.
HEXAGON PATTERN is trending higher here so little bit of patience could be very rewarding.

ICICI;BANK; have been consistantly making lower lows in higher TIME/FRAME,
If we see just that,
then also it seems absolutely BEARISH.
In AUGUST I posted that 1008 should be an ultimate TOP also on 24th,JULY it completed a weekly cycle from 30th,JAN low of 796.
All these factors were conforming a TOP,
but the problem has been a very sluggish PRICE action since then.
To counter that we are experimenting here with TIME based on what sir Gann has described in his commodity course.
According to that,
it should test level of 880 on or before 27th,NOVEMBER.
any rally towards 970 would be an ideal level to short for mentioned Target.

ICICIPRULI is at an intresting point.
Tomorrow 12th,october is a PRICE and TIME SQUARING DATE for this STOCK,
so if reversal has to happen it has to happen tomorrow.
If not then it could face sharp cuts in coming days.
We are watching PRICE of 518 very closely.
If this breaks then PATTERN would signal levels of 495 and 465 in coming days.
A lower low below tomorrows low,
would make no case for any BULLISH OPTIONS.

NIFTY giving that apportunity of a perfect short trade,
There is a slight difference between the rally from AUGUST low and the rally from OCTOBER low.
To understand that,
we have to apply advance geometry from the final high.
This along with TIME is making things quite BEARISH.
MONDAYS gap down made things slightly complicated else market would had toped out until now.
Couple of turn dates coming up next week so expect downtrend to resumed either from FRIDAY or early next week.

NIFTY;
had a (PRICE and TIME SQUARING DATE) yesterday,
So Yesterdays LOW of 19,480 would be an important level to break,
A lower low below 19,480 would trigger a sharp selloff.
As long as that holds,
for very short term trend would stay sideways.
BUT beyond that,
it’s almost certain that NIFTY is about to print 19,267 in coming days which would aline the PRICE with TIME.
Would be intresting to see,
how it gets there.
Ideally in next 2/3 weeks it should get there.
19,650-19,800 still a safe zone to initiate shorts for NOVEMBER series.

GNFC is getting towards a very strong resistance,
zone of 630-650 is a very strong supply zone based on its GEOMETRICAL setup,
As long as stock stays under this zone,it is likely to test levels of 577 and 540 on cash in coming weeks.
TIME wise 20th,October would be a key CYCLE date,
If STOCK can make a lower low below 595 till 20th,
then expect this STOCK to complete Targets till mid of NOVEMBER.

NIFTY after achieving PATTERN Targets have given a smart recovery.
On wednesday we discussed couple of points which were not supporting the BEAR case in extreme short term.
We focused on INDIA VIX closely,
The failure to take out 13.40,
is not going to bring in any sort of panic in markets.
Another point was on PRICE and TIME SQUARING on NIFTY on 9th,October at PRICE of 19,267.
Firstly on MONDAY,
NIFTY would square the TIME from september,2022,low.
PRICE certainly would square at 19,267 but it’s not necessary for market to print the PRICE on that exact date.
Since PRICE is a substitute of TIME sooner or later PRICE have to go at equality of TIME.
To put it in simple terms,
Just like MOON orbits EARTH,
PRICE to orbits the TIME.
So if my calculations are correct,
NIFTY have to print 19,267 on spot in coming days.
Based on that we prefer to add shorts here and on rally till 19,800.
also the low of MONDAY would be very critical.
Same is the case with $S&P;500;
Today that too would SQUARE its PRICE and TIME from its MARCH low.
PRICE level to watch would be 4,168 so let’s see how and when it gets there.