NIFTY; have given a PRICE conformation below 17,196 Today. But TIME is yet to confirm! That conformation will come when, MARKETS close below, Todays Low! That has to be seen, going forward!
This really matters for short-term! The entire complexity is only with the short-term setup, for slightly medium term, things are clear, that we are going back to JUNE lows, for (NIFTY)!
And even lower then that! But will take it, step by step! For short-term the cut-off point for NIFTY is 17,430 on spot!
We are expecting, hard test of JUNE lows, for (NIFTY,), That means, things would not be as easy as we want them to be, hens need to approach trades actively!
So focus on hedging your trades! Because 1,way trades wont work from here! In my TIME note shared last week, I mentioned week starting from 10th, will be very critical!
Going forward, there would be violent moves in U.S. MARKETS, that may bring unwarranted volatility in INDIAN MARKETS as well! So better to be prepared for that!
Nearest level which should break from hear is 17,000, on spot! Nothing wrong in hedging or adding some calls at this level, let things get, more clear, before we go aggressive!

NIFTY has to be approached wisely, MONDAY would be a critical day, may,be a Gap on either sides
As explained yesterday, low of 10th, or 17,196 imp! Better to wait, till then!

GODREJ;CONSUMER; have printed both; suggested Targets of; (855 and 825), on Cash! Posted on it on, 19th,SEPTEMBER! Going Forward; it may give week BOUNCE, But now, it have expanded, (BEARISH;PATTERNS) on downside!
It’s now about picking the PATTERN wisely! If we Go by, simple GEOMETRY: next Targets are Coming at 785 and 745 on Cash! The TREND have asserted down here!
Hens selling rallies would be an IDEAL STRATEGY: better to stay short waya OPTIONS! Strategies like (SYNTHETIC;PUT), or (BEAR;CALL;SPREAD) may help.:

NIFTY, have achieved the minimum projections for this pull;back at 17,200-17,400, the criteria or objective is completed here! Now we await MARKET to turn lower, going forward! Couple of things to watch, which will complete the process to turn lower!
1st, on (TIME;ACTIVITY),, this pull;back started on 30th,SEPTEMBER, which was a (VIBRATION;DATE), So, Technically till next (VIBRATION;DATE) which is on, 10th,OCTOBER, we don’t have that TIME support which can push PRICES lower!
The daily cycle will turn lower only when prices will close below the low of (VIBRATION;DATE), once that happens, we could see markets collapsing rapidly, similar to what, we saw in later part of SEPTEMBER! The WEEKLY CYCLES are already BEARISH!
So until daily cycles re-aline, we need, to focus on (PRICE), 1, LEVEL we are watching on downside, that’s 17,196 on (NIFTY;SPOT), If that breaks we may conclude that, pull;back is over, and we are Turning lower!
Until one of above conditions are full-filled, we cannot say, pull;back has completed! Either (PRICE) or (TIME) has to confirm the reversal! Till then, need to be watchful!

FINANCIAL;MARKETS; around the WORLD are Bouncing from over,sold region! Every;time MARKETS rally, INVESTORS hope for a resumption of a BULL;MARKET! The (BULL;MARKET) will definitely start 1,day, but unfortunately not anytime soon!
To start new (BULL;MARKET) we need to end this (BEAR;MARKET) First! Everytime when markets have rallied this Year, I kept posting that we still not have made a durable or reliable BOTTOM!
And MARKETS after giving, (Stronger and Weeker) bounce, have constantly made fresh lows! And they will, continue to do that, going forward!
If PRICE is something which changes your PERCEPTION then you must have switched your views, multiple times in past few months! During the AUGUST rally, in U.S., everyone was convinced that, nothing can go wrong with MARKETS! Within few weeks, MARKETS surprised everyone who diss-obeyed TIME CYCLES!
The recent bounce in (EQUITY;MARKETS), Have again revived Hopes for already upset INVESTORS! Unfortunately this rally does not have much room on upside! Yes!! When MARKET rallies from HIGHLY Over,sold zone, They gives very sharp (COUNTER TREND BOUNCE), which lasts for (SOME DAYS TO SOME WEEKS), The recent bounce in U.S. INDICES, appears 1,such bounce, which could last, few DAYS not WEEKS! This is not something, what happened in July/August!
So do not get carried away with this bounce! Because the character of this bounce, does not have that velocity to travel meaningful distance! Back in Late September, I posted BEARISH views, on INDIAN and U.S. MARKETS, I went very aggressive on NIFTY, around 17,850, and posted clearly on U.S. MARKETS that they certainly will break june lows, before 4th,October! And they completed that objective! Hens this bounce is not that surprising!
Now this is reaching a point where U.S. MARKETS start to turn lower, may be after some more bounce! And S&P;500; move down towards, long projected target of 3,260, The more ideal way to turn lower, would be after some sideways consolidation! There is no hurry to go down! And this applies to all markets across continents!
I was not able to single out particular INDEX, hens decided to write a common post! Because when I see, structure for (ASIAN&EUROPEAN;MARKETS) I see simillar setups, so all INDICES would move in sink!
Same applies to NIFTY, there was anticipation for a pull;back and we are getting that, once we see, markets Turning, would again take aggressive trades on short side! For very short term I would prefer things to slow,down a bit! But can (OCTOBER;FACTOR) let that happen! Let’s see!

NIFTY; will start a fresh, (HARMONIC;TIME;CYCLE) Today! More then beginning, the ending is what which will matter! Last week, I mentioned pull;backs are possible, but it’s less likely, that the TREND asserts up from here!
For (NIFTY) the zone of 17,200-17,400, would be the ideal place to complete its bounce! And turn lower from there, and break 16,747 and test levels of 16,550 and 16,225 on spot!
TIME wise fall may resume after 10th,October! Earlier NIFTY have given, (HEXAGON) and (HARMONIC;CHANNEL) breakdown! So neither TIME nor PRICE would support upmove, beyond a certain point!
U.S..MARKETS, have took much needed pause! So things could slow down, from here for short-term!

GNFC; in SEPTEMBER have given (GEOMETRICAL;PATTERN) breakdown! For MEDIUM;TERM this is a BEARISH sign! For SHORT;TERM stock is consolidating from last few days! This bounce should be utilized to exit, or take shorts!
Any rally till 680 should provide better risk-reward for shorts! Primary Pattern Targets on downside would be 602 and Geometrical Pattern Target is 555;on;Cash in Coming weeks!
Naturally anything which goes up Exponentially comes down Dramatically! This applies to not only (G;N;F;C) it also applies to 1, particular group, which have moved up multiple times, in last 2,years. Watch:out!

TIME;CYCLE dates for OCTOBER; are (VIBRATION;DATES 10th, 17, and 25th,October)! (HARMONIC;TIME;CYCLE;DATES 4th and 28th,October)! (TIME;SQUARING;DATE 3rd,and 19th,October)!(PATTERN;DATE 18th,October)!
On WEEK;FRONT week starting from 10th,OCTOBER would be very critical! Those who have doubts how to use these dates and weeks, should go through SEPTEMBER dates! And go through all posts around those dates! There is another week which will be very Important, that starts from 31st,October, more on that later!
OCTOBER and NOVEMBER are 2,very critical months specially for U.S. MARKETS. Can expect something, which you never expected! For MARKETS things wont be straight forward! VOLETILITY would be very high, but TIME setup is not BULLISH!

NIFTY giving that natural pullback! But before this pullback, we got what we wanted from markets! A lower low on PATTERN DATE, Break of 16,750 and a monthly low on final day of the month!
There is nothing we would had demanded above these! As posted earlier 17,200 is a level to watch on upside! For NIFTY BANK that level works out at 39,100! Safe shorts are above that!
Market needed a pause and it’s getting that! So would keep it till that only! As per CYCLES we may break JUNE lows somewhere in NOVEMBER!

ICICI;BANK; have given sufficient evidence of Topping out! The PRICE have now re aligned with TIME, The mistake it did was it made a new high! During this TIME CYCLE! As an INVESTOR if you bought this above 900, then, You only can hope for the best! Technically it have given (SQUARING PATTERN) breakdown recently! Structure is sell;on;rise till 894, for PATTERN Target of 825 and 795 on cash in Coming weeks!
On TIME front yesterday (On a PATTERN DATE) it made a Low, lower then wednesday! In HARMONIC TIME CYCLE rules that’s a BEARISH sign! Let’s se how this plays out, going forward!