NIFTY TRADERS; are getting run-away GAPS; which are of no use! This market needs a BREAK-AWAY GAP to travel steadily on one direction! I already mentioned levels yesterday!”
I made my expectations very clear yesterday
Continue to hold that view! Recently I have been sharing only short-term levels but for medium term I am still very much BEARISH So just making that point clear!:
Many fellow traders have opposed my view very aggressively but I really cannot do much about that
We do not post views to satisfy the majority of traders!”
If you have a bullish view then go long, it’s as simple as that
There is no point writing lengthy messages in my DM, and sharing fancy charts
It needs good amount of confidence to share view publicly
Earlier I share my target of 14,400 on NIFTY spot! Which has been my minimum expectations since MARCH! As an investor I won’t put my money in this market until I see 14,400 on a screen near me!”
Retail Traders are manipulated; to concentrated on ATH, people are busy giving 19,000 and 21,000 targets
But won’t tell you what happens after that
Because these SOCIAL MEDIA TECHNICIANS does not have a road map for that!:
For many, june lows of 15,183 is a low which would never break
But TIME CYCLES have something else to say
But wait! No,budy is interested to know that!”
And when this cycle will end, no one would be left in market who have been investing on fundamental reasons
Let’s see who servives till then! Markets are always above anyone’s analysis
As Analysts and Traders we just have to keep following our process!”
In short-term there are opportunities on both sides, but for long-term the over-all structure for EQUITY MARKETS is HORRIBLE
Stay alert, or wait for markets to square you off for ever!”

NIFTY stretching this bounce as anticipated yesterday. 17,750 is a key level to watch. For a textbook reversal both on PRICE and TIME; NIFTY have to take out the high of 17,992 printed on 19th,Aug!:
If it fails to do; then level of 17,100 should come till 1st week of September. 2,days back I posted NIFTY would give a SQUARING PATTERN breakdown if it closes below 17,550 but that dint happened!:
As long as SQUARING PATTERN stays sideways; NIFTY would keep swinging both ways in this 3% band!”

NIFTY after taking support at 17,345 which was a critical support! Has given an orderly bounce
This may stretch further; but won’t sustain beyond a day or two!”
Gradually NIFTY would break yesterday’s low of 17,345 and would also break 17,100 key would be too managed trade keeping extra amount of TIME! FOR short-term trading setup remains sell on rise!:

DXY; back above 109, after some consolidation; as long as stays above 107 expect test of 110.50 and 112 very soon! DXY is in it’s own BULL MARKET!”
Won’t repeat what it means for Emerging Markets
Ultimate targets on DXY is way too high from current levels
I am sure, no one would be interested in it! So would go step by step!”
The velocity of this rise, has made my bullish view on precious metals; under some review
As far as, GOLD and SILVER holds July lows, would continue to maintain my view! DXY would decide the faith of other asset classes in Coming days
Watch,out!”

NIFTY; bounced exactly from TIME PATTERN support of 17,348-17356 which was mentioned yesterday. Last Friday I mentioned that, this dipp has to take down top of previous HARMONIC CYCLE WHICH was 17,356 NIFTY today have done that!” Good part is volatility is back. So 200-300 points swings are back. Stay away, if you cannot handle this volatility. Because this is here to stay!”
NIFTY is on a vurge of a SQUARING PATTERN breakdown. Not confirmed yet; today’s closing if happens below 17,550, then it will conform. Let’s wait!”
Today also being a PATTERN DATE, HARMONIC TIME CYCLES are pointing towards more pain ahead! Sharp bounces would always on cards, but this time, keeping with TIME direction
Need to keep more flexible approach!

NIFTY; mostly have squared out its PRICE on Friday
Because 19th,Aug was TIME SQUARING DATE, it’s high and low would be critical till next TIME SQUARING DATE
As per short term TIME CYCLES as long as market stays under Fridays low; its bearish
And this applies to all assets!”
On PRICE FRONT 1 point I would like to mention here. From it’s high NIFTY today have corrected more then 420 points
Few days back I explained why any dipp which exceeds 420 points from top, would be very critical!”
Other then that: few other possibility also exists, 17,348-17,356 holds as TIME PATTERN support
Major PRICE PATTERN support comes in zone of 17,100-17,250 on spot
Would spell it in more detail when it goes there
After testing the confidence of BEARS; MARKET would now test confidence of BULLS; Whoever lasts till end would take it away
Lot has been said on TIME CYCLES in last 3 weeks
Market would surely give reactive response to such analysts

NIFTY: the game begins now
Would get more intresting if it closes below 17,764. TIME finally is showing its dominence now
As I posted earlier, the character of this dipp will lay down foundation for further course of action!”
Most likely we have to get a follow through of this in next week
This dipp needs to take down the top of previous HARMONIC TIME CYCLE which was 17,356 on spot
Whether it will do or not? Let market decide that
Very intresting week coming up!”

NIFTY and NIFTY BANK: are standing at critical resistance
2,days back at 17,920 I posted that we are close to complete this move, atleast for now
No matter if it keeps going up, without a dipp, it makes no sense
To chase or short this market
The character of next dipp would give more clarity for next move
With respect to individuals view on markets
Whether long or short
Whatever your view is, for short term it’s time to be more watchful
Today being a TIME SQUARING date
Possiblity is with todays high, NIFTY may square out PRICE
But the conformation would come only below 17,800 on spot
Until 17,800 holds the pattern wont activate
So 1 number holds the key for next week; that’s 17,800

NIFTY, is close to completing this move for now
Coming dipp, would clear the next path for markets
Would UPDATE in detail when dipp takes place
Till then will relax
19th,august is a date which would clear near term tragictry for markets
Next week on 22nd and 23rd,august, would mark the beginning of fresh HARMONIC CYCLE
more on that later
No changes on medium term view
But for short term, need more clarity

NIFTY, towards 17,850 this level came on table on 5th,august
Which was a (TIME SQUARING DATE)
Going forward to turn things bearish for short term, NIFTY have to close below todays low, whatever is made during the day
Because today is a (VIBRATION DATE)
Since last 5 vibration date NIFTY have not closed below the low of VIBRATION DATE
so need to keep a close watch on that
I have been waiting for last 3,weeks to pull the trigger on short side
Specifically on BANKING stocks
But they have been moving up
The moment I see them turning, wont hesitate to press sell buttons
One after another
Would wait until I get that signal
I avoid half,hearted trades
Till then would keep my focus only on INDEX
For NIFTY major PRICE CYCLE support is at 17,550, Any reversal probability opens up only below 17,550 on spot
Until this holds, we can’t challenge Traders, who have stated that, market would only pause when it reaches MOON
Let’s se
This is a major week