APOLLOTYRE is trading exactly at 45° ANGLE from its recent TOP.
Todays intraday LOW of 384 is going to be very critical.
1,more lower low sequence below that will signal short term trend reversal.
Infact a daily close below 380 would trigger a SQUARING PATTERN breakdown which will open up targets of 362 and 344 on cash.
TIME wise 24th&25th,August would be very important CYCLE dates here.

GODREJCP is putting in a major REVERSAL here.
TIME CYCLES have already indicated a trend reversal but PRICE is yet to conform that.
For PRICE conformation we need a lower low below 997 on cash, once that happens, it would signal a major breakdown.
It is likely to be a medium term reversal which could last for several months.
BELOW 997 it should test 964 and 934 in near term.
SQUARE;OF;9 structure is also turning here which is signaling the test of 900 in few weeks.

NIFTY did what was needed on 2,very critical dates which were on 11th, and 14th,AUGUST.
No doubt the print of (19,140) is still pending but INDICES registered fresh LOWS which for now is enough for PRICE to continue with the BEARISH tone.
the lower low below (19,296) on MONDAY have turned the weekly structure BEARISH.
this turn on weekly setup have happenned after the LAST week of APRIL.
So that’s something to consider going forward.
The bounce from lower levels appears as an opportunity to sell on higher levels.
On upside the zone of (19,600-19,800) is the strongest resistance zone.
Things cannot change as long as spot stays under this zone.
Lets see, what markets does till 18th,AUGUST,
if (19,140) does not prints till FRIDAY then TIME periods could extend till 25th,AUGUST.
There are severe cracks developing on NIFTY BANK FINNIFTY and FMCG INDEX this is something which has to be monitered in next few days.
Overnight nothing is going to happen, things certainly will take it’s own time to unfold.

RAMCO;CEMENTS; is about to hit a strong TIME;CYCLE;DATE tomorrow.
Tomorrow’s low would be a key level to watch for near future.
According to me this STOCK made a durable TOP at 953 which got printed on 6th,JULY.
Along with TIME symmetry, PRICE structure too is indicating further lows going ahead.
Once price goes below 809-817 it would indicate a HEXAGON breakdown which would open up Targets of 775 and 745 on cash.
Not only for RAMCOCEM tomorrows date is also important for GODREJCP,
After 17th,aug, next CYCLE dates would be 21st, 24th,25th,31st,AUGUST and 8th and 13th,SEPTEMBER.

DXY is the most important asset which has to be viewed very closely from here.
I have been someone who have maintained the BULLISH view on $ dispite near 15% decline from its TOP which it registered on 28th,SEPTEMBER,2022.
There is long list of ANALYSTS who thinks that $ have got its TOP for AGES.
but I prefer to disagree with that.
The entire decline from 114 had no evidence of a long term trend reversal infact this have appeared as a healthy pullback in broader scheme of things.
For short term it have confused many technical analysts with its marginal lower lows.
For me the final lower low here at 99.58 which got registered on 14th,july is an important low because that got printed at an exact TIME distance from its SEPTEMBER 2022 highs.
Anyone who do some simple MATHS will easily figure that out.
So going forward I would expect DXY to hold its JULY low and resume its primary uptrend.
106 is still a resistance which we discussed on 24th,MAY,
above that 111, 114 and 120 is possible in next 16 months.
Watch out for USD-JPY, that should sponsored the upside.

USD-INR today printed fresh 52,week highs. We have an extremely BULLISH view here since FEBRUARY of 2022,
2022 was a remarkable year for this pair where it moved from 75 to 83 in just 8 months.
And we traded that entire rally.
But since NOVEMBER of 2022, we have seen a very annoying consolidation here.
But finally it seems like the rally have resumed.
We have been waiting very patiently for this breakout.
Our next target here is 85.50 and 87 in next few months.
We still maintain our long term target of 91 here which I shared on 17th,February,2023.
May be we shall revise the target further higher as the anticipated rally progress further.

ITC on friday achieved its PATTERN target of 444 on cash.
We posted on it on 2nd,august,
Since then it has maintained the structure of sell on rise.
Results are due today so let’s see how STOCK reacts on that.
Irrespective of that purely on technical terms stock potentially have registered a medium term TOP at 499.70.
We did highlighted this on 2nd,august.
Our next target is 423, but to trigger that stock needs to close below 440,
Lets see.

ICICI;BANK; have over lapped the current pullback with its previous high, which is not a good sign for a BULLISH structure. Infact all stocks which had made fresh high have over lapped in simillar manner which is really an intresting thing.
This certainly have some consiquences but this is not an ideal time to discuss those things.
Anyways on ICICI BANK we are watching level of 949 closely, a break of 949 would signal a VIBRATION PATTERN breakdown which would open up Targets of 901 and 866 on cash in coming weeks.

On TIME front there is a perfect GEOMETRICAL relationship on weekly scale, from the low of 796 to the high of 1008.
So 1008 should be a probable TOP.
Going forward next critical TIME CYCLE dates are 14,aug, 18th, 23rd, 28th,and 29th,august
Watch out.

NIFTY did almost nothing throughout the whole week so far.
We were expecting markets to consolidate for the 1st,half of this week, during this consolidation several pockets of MARKET have developed signs of weekness.
On 7th,AUGUST we shared 2,important TIME CYCLE dates which were 11th, and 14th,august, markets are getting there,
Let’s see how PRICE respond tomorrow and on MONDAY.
As discussed earlier, we are expecting NIFTY to decline till (19,140) on spot, as early as 18th,august.
Activity should pick up from TOMORROW in case the markets rally TOM, we wont hesitate to re-initiate shorts.
Along with PRICE and TIME, cross-asset equations are also hinting towards a risk-off for EQUITY MARKETS.
We are watching BRENT and DXY very closely, a higher high above 91 on BRENT and 103 on DXY would signal a massive rally in days ahead.
USD-INR too above 83.10 will resume the long pending move towards 85 and 87.
Coming back to NIFTY now, as of now we are not expecting a waterfall decline,
because every other day there is expiry of some index which triggers sharp moves in final 45,minutes of trade.
So we have to manage our trades keeping that volatility in mind.

NASDAQ;COMPOSITE with its yesterdays low of (13,769) almost confirmed the (HARMONIC CHANNEL) breakdown.
1,more lower low either today or tomorrow would leave no questions on this breakdown.
Once this happens, it would completely break the momentum which MARKET have carried since MARCH.
it also would conform a significant TOP at JULY highs.
This matters alot because NASDAQ have contributed almost 85% of gains in U.S. MARKETS specially from MARCH lows. A lower low below (13,769) would certainly end this remarkable rally and change the medium term trend.
below (13,769) CHANNEL TARGETS would be (13,281) and (12,800),
Any recovery attempt is likely to fail drastically in zone of (14,050-14,250).