NIFTY PRICE setup has to be reviewed after Todays Gap up! As posted yesterday, the low of 17,430 can temporarily pause the PRICE expansion on downside! The problem is coming from NIFTY BANK! If it fails to make a lower low this week then we might again see NIFTY consolidating and NIFTY BANK rising!
Level of 41,840 will hold a key, not only for (NIFTY BANK) but for (NIFTY) as well! The short term cycles are bearish for NIFTY, but not for NIFTY BANK as of today, MARKETS have to deal with an event on Thursday, That has added uncertainty to PRICE! Without an event we would had expected new lows for NIFTY below 17,430 till Thursday, because 22nd september is our next date for (VIBRATION TIME CYCLE)!
With an event we don’t want to limit ourselves with only 1 possiblity
We don’t have reasons to go long yet, we prefer to short this market again as long as NIFTY BANK stays under 41,840! This was only the reason, we posted last Friday, few things have happened and we are still waiting for few things to happen! So respect risk!

NIFTY Posted a Lower low Today
This bounce from 17,430 is justified, if you understand VIBRATION PATTERN! This allow markets to take a pause before further expansion on downside!
On Friday I posted Target of 17410, it’s still pending, NIFTY BANK is playing a different pattern! It is yet to post a Lower Low below previous weeks low
Once that happens it’s all over! Until then need to wait before calling Top here!

JINDAL STEEL; About to break 417 soon
A breakdown seems imminent here! TIME would favour it to travel south and complete all pending objectives on downside! Once this breaks 417 the HARMONIC TIME CYCLE would make fresh lows certain!
As a short term Trader level of 417 holds the key! For slightly medium term the low of 304 doesn’t seems a strong bottom
Gradually we may see that breaking and prices may Travel towards 260 in couple of months! The super cycle in metals have to deal with a very strong resistance from TIME!

MOTHERSON, looks ready to start fresh leg on downside below 118
Pattern Targets are 100 and 87 going forward! It has took brief pause in last few weeks
A lower close this week will confirm bearish TIME on weekly TIME FRAME! AUTO as a sector is slowly coming under Pressure but more conformation needed!

TATAPOWER; is Breaking down
This appears a turn for medium term! A break of 220 would Trigger )VIBRATION PATTERN) Breakdown for Targets of 202 and 176 in Coming weeks! Need to review INVESTMENT positions here! POWER as a sector is Losing steam!

GODREJ CONSUMER, has given (SQUARING PATTERN) breakdown. Setup is sell on rise till 920, for Pattern Targets of 855 and 825 on cash! It has made strong tops in zone of 956-976! Tough to take these Tops out!

$S&P;500; continues to sink, few days back I posted, if S&P has to rally then it must hold 3860-3880 initially it held! Even gave a bounce till 4,120 but today, it is breaking those support levels!”
Technically on TIME parameters it still needs a Lower Low next week
Which won’t be a big deal, U.S. MARKETS, are going in a shape, where everything could go crazy
This would conform once CBOE VIX prints 33, which should happen going forward!”
There are plenty of DEVIATIONS in U.S.MARKETS which will be resolved
In short term markets can behave strangely
But structure continues to point towards 3,260 in few weeks
Going forward if S&P,cash, prints 3,765 that would open Target of 3,565 in short-term!”

NIFTY making things clear now
Now we have all reasons to go short on every rise for Targets of 17,410 and 17,166 on spot
The moment when NIFTY broke 17,771 setup got absolutely clear, yes we still need a close below it
But ideally we should get that!”
On 2nd,september I shared (TIME CYCLE DATES for SEPTEMBER), Todays date 16th,september was shared as (TIME SQUARING DATE)
For markets to turn lower todays swing on downside was required
Another point which I shared was on weeks front!”
This week was (HARMONIC WEEK) so high of this week would be critical
Now next week is a PATTERN WEEK
And as per rules of HARMONIC THEORY a lower low next week, would confirm bearish TIME on weekly TIME/FRAME! Till next PATTERN week which would be in Early November!”
All these TIME FACTS I shared on 2nd,september, there is a process to calculate these dates
As far as setup is concerned, few things have happened, we are still waiting for few things to happen
Respect risk
Rest life would be easy!”

NIFTY BANK printed fresh highs Today
We should really celebrate this
But this really changes things for Good? I guess I don’t have to type my answer again
Until and unless, NSE opens up terminals on (MARS) or any other planet!”
Because there are certain CYCLES which are allotted to each and everything which moves in MOTION, FINANCIAL MARKETS are just a Tiny Part of entire COSMOS!well this is for INVESTORS, SHORT-TERM trading is A different game
Not to participate on upside is individuals choice, but to go short without proper setup won’t be ideal.we cannot short market anywhere to take shorts few rules has to be looked
Which I have been posting regularly!”
The first and most important rule is to wait for INDICES and STOCKS to close below Yesterdays low! If you don’t see this happening then avoid doing anything! There was time in previous week where we went long on NIFTY, Based on our rules!”
This week we don’t have that clarity
Something is going on, with price
But don’t anticipate anything, let market make the first move! There would be multiple opportunities going forward in STOCKS as well
But for now hold on!”

NIFTY passed yesterday’s high
NIFTY BANK near all time highs
Global markets moving south still INDIAN MARKETS keeps on going higher
And the BUBBLE keeps on building!”
Only 1 point matters
That’s todays low! Nothing would make sense until INDICES and STOCKS close below todays low! Market would go here&there till the point, it manages to close above todays low!”