RELIANCE in my earlier post on 22nd,NOVEMBER I posted the importance of this stock and why it is significant for (NIFTY). We were looking for a breakdown conformation below 2525, which dint happened.
Hens the stock rallied holding 2525 on cash! Going forward, RELIANCE is approaching the (PRICE and TIME) Interception point. PRICE wise zone of 2750-2786 would be a squaring out area
To look out for
TIME wise we are in 30th week from the TOP of 2856 made on 29th,APRIL 2022.
More then that on daily scale the stock would complete multiple cycles from 08,march low and 29,april high on 1st 2nd and 5th of DECEMBER.
So would be very intresting!
If prices face rejection from above zone then we could witness a vertical move in the stock in Coming days. Need to observe this stock, how this behaves from Tomorrow!

NIFTY at 18,644 will complete a Triangle and also hit 2×3 Angle from SEPTEMBER bottom. At record highs the thing which I prefer to focus would only be supports. PATTERN supports are in the zone of 18,267-18,330 on spot.
As long as this zone holds MARKET would continue this move. The entire objective for this rally has been depended on PATTERN supports not only in INDIA but in U.S. as well.
U.S. MARKETS are very close to break the lows they printed on TIME SQUARING DATE
once they sustain below that, the counter trend bounce which started from october 13th low, would come to an end.
22nd,oct was that date. Need to watch that.
Once they conformed reversal markets would go back to october lows in very short time. Similarly NIFTY also would catch up on downside below supports
But until supports are held there is no weakness for now.

NIFTY is up and above very close to record highs which it posted in OCTOBER of 2021.
But as I posted earlier it’s only a number
A break of 18,604 will not confirm the start of a new BULL MARKET which everyone is pointing.
Because even if you keep (TIME CYCLES) aside I never saw a BULL MARKET in which broader market has no participation. Even in NIFTY 80% of upside has been sponsored by 7 STOCKS. So what does this mean?
Do we look this as 7 stocks are in BULL MARKET and 43 stocks are in BEAR MARKET. Now when I ask this question the BULLISH participants fail to explain the rationale behind this. Everyone is just happy That NIFTY is at new highs. Targets of 25000 and 27000 are shared very strongly. Now in this TIME if I say we still have a move pending towards 14,400 and below this really wont go well with majority. I really can’t do much about that.
Now all this will make sense only if you are an INVESTOR. you may have that fear of missing out
But that’s your risk which continues till next OCTOBER of 2023.
So plenty of TIME left for that.
TIME wise major BEAR MARKETS Lasts around 18 months from a CYCLE TOP
So we only refer the high which is posted during the CYCLE.
So for NIFTY we will refer 18,604 and for NIFTY BANK we still would take 41,829 as CYCLE TOP. Anything above these levels do not hold any importance mathematically we can extend the move by 1X8 or 2X8 but the underline fact doesn’t change.
This was 1st part moving on for Trades. Secondly for (TRADERS) there has been no confusion on approach. The point is very simple: a daily close below 18,133 would provide initial conformation for a higher degree (REVERSAL).
So this is a process which has to be followed!
The higher degree (REVERSAL) is a long process and a close below 18,133 would be a 1st step of an overall process. Once we get that we would go a step forward and look for 2nd, conformation which would be a (HEXAGON) breakdown!

$S&P;500; is at a Turning Point but needs further push to turn down finally. It’s not turned yet. Last week when we reviewed it I mentioned for primary indication for a TOP, we need a daily close below 3,944!
Till Yesterday we do not have any daily close below 3,944, so TOP dint really got confirmed.
So from here the level below which market have to close atleast for a day, would be 3,956 which is yesterdays low.
Already made it clear why that’s important.
So moving on, what happens if it does not close below 3,956? Then we can see higher high closer to 4,100 which would be the final move for this rally.
Not much TIME left to consolidate here; PRICES have to move quickly on either sides.
The intresting factor would be CBOE VIX, A move above 24.02 should bring back old volatile days.
Everything is in place as far as TIME is concerned but there are certain conditions attached with PRICE. So we need to wait for that alinement!

NIFTY is largely unchanged again. This sideways PRICE action holds no relevance. The only point which matters is a daily close below yesterdays low of 18,130 approx.
Since that’s the low of (TIME SQUARING) date, we require a daily close below its low to break the PATTERN.
Just to give the example how critical yesterdays low is, we need to check precisely previous (TIME SQUARING) DATES. They were 3rd,OCTOBER, 19th,OCTOBER and 4th,NOVEMBER. AFTER 4th, next date was yesterday 22nd,NOVEMBER.
Since 3rd,OCTOBER NIFTY has not closed below the low of these dates.
So once we close below yesterdays low, that will break a pattern, which later would result in higher degree reversal which I mentioned earlier. If we don’t get the closing then this sideways to positive activity will continue.

RELIANCE is at a point where it have to decide it’s near term Trajectory.
This is the most critical stock for INDEX TRADERS. A breakdown in RELIANCE would signal a break down in (NIFTY) in Coming days.
For now RELIANCE is very close to a break down but yet to conformed that.
We would get initial conformation for a breakdown below 2525 on cash.
Once (RELIANCE) sustains below 2525 we can see levels of 2463 and 2403 positionally.
2525 is nothing but a (SQUARING PATTERN) support.
Once this breaks we can mark 2642 as a secondary top after top of 2856 which was made on 29th,APRIL 2022: there are reasons for doing that, because there were lower highs under 2856 earlier.
It’s a complex structure let’s see how this unfolds.

M&M is coming off after a major upmove. The stock have given a PATTERN breakdown recently below 1220.
The structure is slowly turning BEARISH for medium term.
So if you are an Investor here; need to review your Holdings.
For short term 1200 is the final line of support.
Once breaks Targets of 1156 and 1100 is possible going forward.
The CYCLES are turning down here and ORBITS also are expanding lower. Watch out.

BRENT has given a (SQUARING PATTERN) Breakdown below 89$, this potentially can end the counter trend bounce on upside.
Going forward the setup is BEARISH enough to drag prices till 83$ and 75$ in Coming days.
This week is very Critical on TIME front.
A weekly close below this weeks low would indicate deeper correction in OIL PRICES: if pattern developes as expected then we can even see BRENT testing even 66$ in Coming weeks.
The surprising fact would be, falling OIL wont be BULLISH for EQUITIES.

L.I.C;HOUSING would give a (VIBRATION PATTERN) Breakdown below 360 on cash.
Once 360 breaks we can expect the CYCLE low of 348 to break: which would be even Bearish for the overall structure. And below 348 it can stretch down further towards 334.
Which would be its PATTERN Target
A daily close below tomorrows low would rule out all BULLISH equations
There is a risk for a (HEXAGON) Breakdown here, which can take it to 296-275 in coming weeks
Would update when that triggers!

NIFTY is having that test from TIME. As I repeatedly mentioned several times earlier that till 18th,NOVEMBER things are fine for MARKETS: but after 18th, we will look for reversal.
Because the number of CYCLES which completed in last 2,weeks,
Would certainly create some sort of reversal to some sort of degree. So far we have seen a MINOR degree reversal. Going forward we will still look for Larger degree reversal on PRICE.
TIME CYCLES in OCTOBER deviated from Primary trend, that deviation has ended now, so TIME again have gone BEARISH
prices have travelled a bit month on month, but from here have to role back.
NIFTY had a perfect opportunity to print record highs: in last week but it failed to do that, infact on 2nd,NOVEMBER we were at 18,178 on 21st,NOVEMBER also we are there
So nothing really have happened in this month so far
But it will not stay this way, Today and Tomorrow are 2, very critical TIME CYCLE DATES, Today is a VIBRATION DATE, and Tomorrow is a (HARMONIC DATE,+, TIME SQUARING DATE) So volumes and momentum both will pick up going forward.
The Larger degree reversal which I mentioned above, would get confirmed once MARKETS closes below the low of (TIME SQUARING) date
In last 2 occasions it dint happened, this TIME it can! Let’s see.