NIFTY have created a very narrow range on both (TIME CYCLE DATES). This ideally means we would get Trending move ahead. Which perhaps could be on downside once 17,950 breaks on spot. It’s just taking more TIME, to complete formalities!
In textbook terms once MARKETS sustain below Todays Low, and protects 18,200 on upside, we would witness Decent decline which shall last Till 21st,NOVEMBER. Same set of rules will apply to (NIFTY BANK) as well!
For U.S. MARKETS yesterdays low would be very critical. A daily close below yesterdays low would eliminate possibility for a deeper pullback which I anticipated earlier. So things are very clear. Now it depends on MARKETS, at what point it triggers the plug, till then need to relax!

NIFTY is still holding its support of 17,950, but structure is pointing that we ideally would break that soon! As mentioned yesterday something have completed at yesterdays high of 18,179! But further conformation is needed to call it a TOP!
NIFTY BANK also seems ending this move, anyways it dint went above SEPTEMBER highs! Thought to write a seperate post on that, but quite short of TIME these days!
40,500 is a support on rising Geometrical Channel once taken down move towards 38,000 should unfold gradually! Sooner or later should move towards projected path which I shared in SEPTEMBER!
Coming to U.S. MARKETS now! Todays low whatever is made during the day, would be critical! If we get continues close below todays low that would make us conclude that bounce there has ended!
For NIFTY tomorrow’s TIME SQUARING date would be important! Whatever we are expecting, markets may validate from tomorrow! So let the screen conform then chase the move!

NIFTY; may have completed something at Todays High, but is it just a Temparary pause or something beyond that, that we have to see, going forward! I would like to see it as primary indication of reversal, but
That also would require further price conformation! The support areas are still the same, which were mentioned yesterday! 17,950 is the nearest support level!
This rally is coming to an end both on (PRICE and TIME), Parameters! Once the supports are broken it would get easy to calculate, how deep or shallow coming correction would actually could take place!
Things would get intresting from tomorrow, because not only markets will react to an event! But they also will face test from TIME tom is (VIBRATION DATE) followed by (TIME SQUARING DATE) on Friday!

NIFTY; continues the rally, holding its supports! The thing we have been focusing since 19th,OCTOBER, is (SUPPORTS)! For now supports have shifted higher to 17,839-17,950 on spot!
As long as these supports holds it’s not possible to attempt a short trade! Let’s see how long market manages to hold its support zone! These numbers would come higher if this rally stretches further!
For now, 17,950 is a number to watch out! Once this is printed, we would then look for selling opportunities! !

NIFTY; is moving higher but with very low momentum, never the less, it has managed to protect its supports so far, the break of 17,850 have shifted supports higher to, 17,630-17,760 on spot! The nearest support from here would be 17,760 as long as this level holds, the rally will continue!
As posted earlier (U.S. MARKETS) would rally more and (INDIAN) markets would relatively under perform them, so far that has happened on expected lines! Going forward DOW, is in its final stage for completing this bounce
But S&P and NASDAQ have still something left on upside!
Until this bounce actually completes in U.S. things would be quite irritating for INDIAN TRADERS! Because markets are not rising in a manner in which they should rise!
On TIME front, 3rd,NOVEMBER and 4th,NOVEMBER are critical TIME;CYCLE;DATES! 3rd,being a (VIBRATION;DATE) and 4th, is more important because that’s (TIME;SQUARING;DATE), MARKETS recently have worked very accurately on (TIME;SQUARING;DATES)!
Previous (TIME;SQUARING;DATE) was on 19th,OCTOBER and MARKETS were not able to give a daily close below that days low: let’s see, how things goes this TIME! A reversal trade will open up, once we get a daily close below the low of (TIME;SQUARING) DATE!
This applies to all MARKETS!

NIFTY; is struggling to move higher, but not able to go lower as well! Short term (TIME CYCLES) are neutral as of now, a break of 17,850 can push prices higher above 18,050 on spot! On downside strong support is at 17,550 followed by 17,400 which continues to be a critical level!
U.S. MARKET have not completed its pullback Technically, so (NIFTY) May not match their upside, but can under;perform on relative basis! Anyways (NIFTY) have under;performed $S&P;500 Since last week! So better not to enjoy watching over;night futures!
We are not in a Trending Market, hens trades has to be taken wisely! The larger trading opportunity will come when (U.S. MARKETS) completes their pullback, but until that completes, the 1 or 2 days of correction there, would add more pressure here!
Its obvious that people have again started to hope for fresh 52,week highs on INDICES, Anyways it’s just a number for me, not that easy to go there, and on Phlip side if 17,400 breaks, then it’s very unlikely! So no matter what you think, (but trade tactically),!

$S&P;500; is taking excessive TIME to go down, now this can result in deviation in SHORT-TERM and MEDIUM-TERM CYCLES, which Technically means more upside, or a deeper pullback in Coming days!
Possibly it can extend till 4,077 to 4,150 on (S&P) cash! To negate this deviation S&P,500, must break 3,647, if it doesn’t then it can go higher first, before going lower!
The deviation if happens will impact only the short term, nothing will change for MEDIUM-TERM! 3,260 is yet to achieve, will take more TIME but certainly will go there, and even over shoot it on downside!
Earlier we expected MARKETS to turn down sharply, after 19th,OCTOBER, since that’s not happening we need to consider alternate sinario! TIME wise all the upside may end till mid NOVEMBER! Nothing beyond that, let’s see, 3,647 holds the key!

NIFTY; the plan was straight forward! No shorts as long as 17,400 holds! That has been the view since last week! MARKET is at a resistance, but better not to anticipate that it is Turning!
Let it turn first, then only I prefer to short! As I posted earlier, I am not in a hurry to call a top! Nothing has changed yet, on CYCLES!
There is no point repeating same points again, but to short, we need to wait for now! We traded this pullback till 17,600 not interested to stay long above that, no matter where it ends, either it ends at 18,000 or 18,200 doesn’t really matter!
We would figure out the (PRICE and TIME) setup, using short term CYCLES going forward! For now let MARKET consolidate here, Today also is a (VIBRATION DATE)!

U.S. MARKETS, have their MONTHLY OPTIONS EXPIRY today! Plenty of shorts would be out of system when markets rings closing bell! It has been very destructive series their!what we want to see in next series is, will prices colaps immediately or they pull;back further before turning lower!
No point talking about levels, because PATTERN POINTS are way higher then current levels! Only thing to focus is, whether PRICES sustain below the low of 19th,OCTOBER, so far they are not! So until they sustains below 19th,OCT low, this pullback can stretch further!
There is no bullish case, only point is where we turn BEARISH! Let market say that! 3260 is still pending on $S&P;500; It has to go there, better to wait until few things fall in place!
25,OCTOBER next critical date!

NIFTY: is still moving around OCTOBER,19th high! Since we are looking for reversal, 1st important signal which is required is a daily close below 17,472 which was the low of (TIME;SQUARING;DATE), need to wait, until that happens!
No short trade till then! On PRICE front, supports have moved higher to 17,400 from 17,200 on spot! As posted on wednesday there is no hurry to go short! Let market turn, because when it will turn there will be a TRADE for the quarter!
U.S. MARKET is at a make or break point today! TIME WISE it also have to make a strong move either today, or on 25th,OCTOBER! Don’t want to say much about that, only thing will say is, be prepared for all probabilities! Eliminate the word (SURPRISE) for few days!
There are no doubts that MARKETS will not go down! Only point is, in short term there are not enough indications to go short! I am not in a hurry to call a top! Will like to wait until 17,400 breaks!
Few Trading Holidays next week, so majority of action will happen with (GAPS), will end it here with festival greetings to everyone! Plenty to look for, from next week!