NIFTY completed formalities to break June lows: the break of 16,750 have eliminated the last outside bullish possiblity for markets! This doesn’t mean that there won’t be any pull backs, there would be pull backs but that won’t turn the PRICE structure which along with TIME is Trending Lower!
TIME was never the problem for this BEAR MARKET! I kept posting this, when market was going higher! The problem was PRICE which was having a diversion from major TIME CYCLES! Earlier in this month, I posted 2,points!
1,NIFTY will play out a very dangerous pattern if it travels above 18,000, which it indeed done! 2, once market starts to resolve all Previous DEVIATIONS there would be no place to hide, that’s what we are witnessing now!
Retail traders are trapped badly in this market! The new age SOCIAL MEDIA TECHNICIANS kept selling narrative of new highs and people kept falling for that Trap! Few handles have disappeared, Few will diss appear in days to come! Many traders over look TIME as a critical tool, few even say TIME have no relevance in short term Trading! If that’s the case then, Why the rally of 7,weeks gone away in just 7 days? Think about that! Coming back to NIFTY, all upsides till 17,200 should be utilized to short!

NIFTY; and NIFTY;BANK; have posted a Lower Low On a PATTERN date! Mentioned yesterday afternoon that: NIFTY is weaker then we are thinking! Just a formality to break 16,750! Once that happens, all fantasies of de-coupling should end forever!
A lower low today, have confirmed that things have finally turned! This cannot be over turned now! Now it doesn’t matter how far the pullback goes, when that actually comes!
Those who understand (HARMONIC TIME CYCLES) they understand that, what todays price action means for over all markets! Keep selling rallies, we continue to position ourself on bearish side!

TATA;MOTORS; has given a (HEXAGON PATTERN) breakdown below 417: medium term structure have turned lower here! Rally if occurs, ideally should be utilized to short! Pattern Targets would be 340 and 285, should get there in few weeks!

NIFTY is weaker then what I anticipated! It gave a bounce and again selling off! 16,750 is that final line of support! It will break, For sure but before that it should bounce, tomorrow and friday are key TIME CYCLE DATES, posted on it on 2nd,september, since Tom is a Pattern date, let’s see , Whether we get a lower low or not! Fresh CYCLE will start from next week!

SBI; on TIME parameters have Turned lower! PRICE structure has damaged partly here, would damage completely below 528 on cash! If we analyse all PRICE PATTERNS then it’s a clear sell on rise candidate! Rallies upto 555 should be utilized to sell for the Targets of 501 and 465!
It should not have posted new highs during this CYCLE! Since it have done that, the consequences would be severe! The real impact won’t be realised here! People would feel heat only when it will break 425! Let’s see!

NIFTY;BANK; the (TITANIC) for BULLS has trapped many Investors and Traders! The ship is sinking and likely to collapse under deep waters! Before that there would be rescue attempts which also would fail! The rally was against natural laws, hens would go down with a hard punch!
Technically for short term, I posted Targets of 39,025 and 38,100 on last friday! Market have printed both levels and even have gone below that! There is a case for a pullback from here, whether that happens or not need to see!
As traders we only can protect our profits and wait for bounces to re initiate shorts! The primary trend is down so have to keep switching tools to stay on short side of markets!
Next levels on downside to watch would be, 37,200 and 36,327 on spot! Ideally I expect it to go there after a pause! But gradually prices should go there! HARMONIC TIME CYCLES have officially turned lower!

NIFTY have reached a critical support zone of 16,750-16,850 which I shared on Monday! This should be the last hope for BULLS! If this holds then there could be a recovery towards 17,150 if doesn’t then, the odds of going higher would reduce considerablly!
As traders we need rallies to add shorts! 16,550 is a possible target on downside! Which is an ending point of HARMONIC CHANNEL! Your entry matters if you are a short term trader! Structurally NIFTY is going back to JUNE lows!
Earlier in my mind I never had that doubt that we are not in a BULL MARKET! Posted that multiple times! Before posting TIME LINE I would like to see NIFTY breaking 16,750 and closing below it! Short term TIME CYCLES are definitely trending lower!

NASDAQ have achieved suggested Target of 10,800 last week, in a CHANNEL it is trending lower, upside resistance is at 11,450-11,600, as long as it stays under it, on downside 10,350 and 10,003 is possible in Coming weeks! In short term some recovery is due, then back to lows!

$S&P;500; has almost tested the JUNE lows! Matter of TIME, it will break it and go much lower! I have long pending target objective of 3,260! But for very short term, this fall have to take a pause!
On 21st,SEPTEMBER just before the FOMC meeting I explained the (PRICE and TIME) structure of S&P;500 in detail! Even during the August rally, I kept alerting investors that this is just a counter trend bounce!it will fizzle out, and eventually it fizzled out!
We are back to JUNE lows from august highs! Here PRICES should cool down. Should consolidate, even give a pullback towards 3,850 before further lows! Not to read much in rallies! They are natural will come and go!

NIFTY needs some pullback before further expansion on downside! As pointed yesterday, U.S. MARKETS would find some ground, that would help NIFTY to give a bounce, before next selloff! Would utilize bounce to short! Watching for 17,220 and 17,390 in this pullback!