DXY, continues to print fresh DECATE highs! Since late APRIL my view have been very bullish here! Back on 7th,september I posted Target off 112, DXY have achieved that and even have crossed that!
It is now running towards a Geometrical resistance of 115.50 for short term it may pause here! But if it doesn’t then something is seriously wrong in FOREX MARKETS! Primary objective is, it stays under 115.50 and consolidate!
For medium term, technically I see no reasons why it should not test, levels of 120 and 127 in next few months! Let’s see, as per CYCLES something major is about to strike, which would re-shape asset prices!

RELIANCE is moving on expected path, on 29th,Aug when it had its AGM, I Posted 2 break away points here! They were 2550-2700, prices then broke 2550 and headed lower!
Today it even broke 2400 on cash! This correction would go to another level if it breaks 2365, below 2365 we can expect levels of 2305 and 2255 on cash positionally! TIME CYCLES also are Trending lower here!

NIFTY achieved another Target of 17,166 today! TIME to take majority profits here! And wait for bounce to re initiate shorts! Things would get wild here so need to stay carefull!
U.S. MARKET would point towards some pullback in next 2 days, so that could provide some breathing space to markets! For NIFTY final Line of support is at 16,750-16,850 on spot!
Good bounce possible if this holds, if doesn’t then?… PRICE structure of NIFTY have damaged considerably! Patterns like HARMONIC CHANNEL and HEXAGON are pointing extreme pressure ahead! More on that later!

NIFTY achieved my Target of 17,410 on spot Today! Since last Friday my view had been absolutely clear, that market had turned lower, and we will see NIFTY go down towards 17,410 and 17,166 in Coming days!
On tuesday afternoon I openly shared my SHORT TRADE on NIFTY! I don’t do that usually, it’s not that easy to keep holding your view, when people are ultra bullish! No one likes when you talk bearish! But I always prefer to follow my methods!
Another point I shared was to use your experience, because if you don’t use that when it needed the most then it’s use less! From here it’s easy to say, sell on rise! But I will now convert my futures positions into OPTIONS! And keep that approach to sell rallies!
Next on NIFTY is 17,166, with or without a bounce! Those who understand CYCLES knows what next after that! Those who don’t they keep buying the dipp! But at your own risk!

KOTAK;BANK is Breaking down: initial sell signal was flashed on wednesday morning, many would be aware on that! Setup is sell on rise, till 1900 for Pattern Targets of 1760 and 1705 on cash, in Coming days!

HDFC;BANK, would give multiple pattern breakdown below 1437, setup is week! Targets on downside would be 1380 and 1325 on cash! It has under performed on upside, should out perform on downside!

NIFTY;BANK posted the lower low on weekly scale! I expected it to happen, and it finally has happened! Posted clearly on Tuesday afternoon when it was Trading at 41,500! A lower low in a pattern week, has turned weekly cycles Bearish here!
The last ship standing for bulls is finally ready to sail! Nothing will happen overnight, but from here weekly cycles have linked to yearly cycles, which have been Bearish! Matter of TIME, MARCH low of 32,155 will break going forward!
PRICE will take its TIME, but will go there! For near term would be watching for 39,025 and 38,100 as possible Targets within 2,weeks! Bounces will come and go!

NIFTY have a VIBRATION DATE Today! As per textbook rules we need a daily close below Todays Low! As far as Trades in Futures are considered, we have reduced positions and for remaining positions we have Trailing Stops at 17,860 on spot!
So there is nothing to lose in this trade! View was, and will stay Bearish! I saw traders running here and there! Better to put stops, and relax! There is nothing else we can do!

NIFTY keeps swinging from Right to Left! And Left to Right! Any bounce till 17,950 would be considered as a controlled Bounce! Until spot moves above 17,950 I won’t look to reduce my shorts!
Above 17,950 would reduce my Positions
That’s plan B. My preferred sinario is we are moving Towards 17,410 and 17,166 and even below in Coming days! For any madness, I have Hedged my Trades!

$S&P;500; have to deal with an EVENT Tonight
With all respect to its outcome, there are certain facts which we should take note off! 1 on PRICE, the SQUARING PATTERN and VIBRATION PATTERNS are Trending lower here!
1Patterns are suggesting to sell on rise till 4,012
As long as S&P, Cash stays below 4,012 we certainly would see fresh lows on S&P below 3,636 That would be fresh lows for the Year! But what if 4,012 breaks on upside?
Then things would get complicated with PRICE! Then we go for TIME which is the most important aspect in any analysis! We use 3 different CYCLES for TIME ANALYSIS to project probable path!
For now all 3 CYCLES are pointing more weakness ahead! Would like to mention (HARMONIC TIME CYCLE) specifically because that have turned bearish after multiple bullish cycles! This is a very bearish sign. There is a high chance that U.S. MARKETS makes fresh lows within this CYCLE! This CYCLE would end on 4th,October!
So we may see june lows breaking before 4th,October! Which makes things simple for us! Whether 4,012 holds or not. time cycles are very clear with their objectives! In case market rallies after event. That bounce won’t last beyond a day or two.