NIFTY still have that space to travel towards 17,850, but the problem from last 2 days is intraday real body dispite Gap,up and market moving higher has been black
Does that holds any significance, my chartist friends can elaborate more on that
17,400 is a strong pattern support for NIFTY
But do break of 17,400 signal a trend reversal? If you are not aware on patterns then you have to look little bit backwards
Since the lows of 15,183 in june, the max price correction point wise on NIFTY was 420 points, which was from 16,276-15,856 if any dipp, exceeds this length on price and time scale, Expect trend to turn south
This is an easy way to figure out things
If anyone who have gone through the book (TRUTH OF THE STOCK TAPE) by sir Gann, must have applied this
Many traders have asked this question from last 2 days, hope this helps
Next week we have 2 TIME CYCLE dates on 16th and 19th,august
Which would signify setup going forward
There are multiple TIME CYCLE date starting from 16th, would UPDATE on that later

ICICI BANK, is trading is at all time highs, also at highs of 2022
It appears solid on charts but making fresh highs against major TIME CYCLES is not a good sign for slightly medium term
In short term it may perform well
But as an investment, this is not an appropriate space to enter
To complete its correction, structurally it has to go sub 600 before another move upto 1200
Historically incomplete TIME corrections have later resulted in mass wealth destruction
Which is also referred as an asset melt down
Same would be applicable to all equities including the most loved NIFTY
In INDIA there are no such examples
But in U.S. last time it happened back in 1929
Where prices kept making new highs, despite bearish TIME CYCLE
And suddenly markets collapsed like anything
Hope that history do not repeat again
But need to be prepared for such things
If market scales new highs
Then this could be a reality
Letz se
How things shape up from here
For me this is a good time to sell some holdings and raise cash levels

NIFTY needs such volatility to flush out easy longs from system
Todays rejection is similar to what we saw on 4th,august
But needs more push to turn the wheels down
As mentioned earlier, short-term Trading from here, would get extremely tough
Below 17,348 NIFTY is not strong
To test 17,850 NIFTY have to sustain above 17,474. If you have been following this space then you should have get the underline importance of these values
There are certain conditions attached with PRICE, But TIME always represents 1 sinario, which continues to stay bearish
Tough to digest but the problem for EQUITY MARKETS is the bearish annual cycle
I easily would had turned daily or weekly cycles
But I cannot twist TIME rules based on situation
So TIME structure of this market cannot be revised
I am sure, markets would validate my point in coming days

Nasdaq,with yesterdays high of 12,855 may have completed a very important (HARMONIC PATTERN), But to call it a top, need to wait for certain levels to break
Structurally entire rally from june lows seems only a counter trend bounce
Many have called recent rally, a start of a new (BULL MARKET) But that may not be a case
Coming weeks should make things clear
As far as sentiments and narrative are conserned, that would just take couple of days to change from bullish to bearish
A 5% drop in markets would make majority uncomfortable, and traders would then expect june lows to break
That’s the way people use to trade 100 years back still today, and after 100 years also people would be having same approach
Coming back to NASDAQ, a break of 12,080 to 12,280 would trigger a multi-pattern breakdown
Once this activates downside Targets would be, 11,550 and 10,800
It would certainly break june lows below 10,800
And would take it from there
TIME CYCLES Remains bearish
So that would Sponcer the decline

NIFTY, failed to make a Lower Low on Pattern day
But the good part is it has not made a Higher High as well
So finally short-term TIME CYCLES are turning neutral if not bearish
Need to watch, whether U.S. MARKETS makes a lower low or not
If they does, then they would lead the fall
That would be enough for other markets
Looks unlikely that U.S. MARKETS also vitnes an Inside day
Few EUROPEAN MARKETS are breaking yesterdays low, which is pointing some weakness ahead
For (NIFTY) it’s important to stay under todays low to resume its downwards journey
Since today was also a (TIME SQUARING DATE) todays high and low would be referred till next (TIME SQUARING DATE) which would be on 19th,august
Its bearish if sustains below todays low. But if it starts sustaining above todays high, then have to consider 17,850 on upside
The long term TIME CYCLE remains bearish
But to validate that few price levels have to break
Once 17,000 breaks
The fall would be sharp and noisy

NIFTY if stays under 17,380-17,450 should break 17,000 on spot, going forward
A break of 17,450 would again put NIFTY on sideways to up track
In near term
17,000 is a level which still have to strike down, by market
NIFty below 17,200 has lost its rhythm
Which would lead to access volatility forward
On TIME front a lower low is needed tom
Tough phase ahead for short-term Traders
Stay carefull

$S&P;500; has gone up slightly above expectations
But it does not change overall structure for U.S. MARKETS
This would still considered as a counter trend bounce
Markets takes their own time to reflect TIME impact on PRICE
This could take few days to couple of weeks
Would expect S&P to break 4070 soon and test 4000, this print of 4000 may come before 10th,August to 12th,august
U.S. MARKETS, have plenty of work to do on downside
Medium term target on S&P is 3260 and this should happen in next few months
Before that 3540 is the level, I would be watching

NIFTY, have to break 17,000 on spot, to turn short-term structure week
The rhythm of this market cannot break as long as 17,000 holds
Need to focus on U.S. MARKETS, DOW, needs 1 more close below 32400 to turn the TIME bearish
S&P also would signal weakness once it breaks 4070
Next TIME CYCLE date for markets, would be 5th,august
Which would be TIME SQUARING+PATTERN DATE
If markets accross continents makes, Low, lower then the low of 4th,august that would be a bearish signal
If this happens that would be an ultimate and final signal from TIME CYCLES
In case that doesnt happens then, alternate sinarios would be considered
Would UPDATE that later
All madness which I post, have certain methods
So do watch out
Monday 8th,august is also a VIBRATION DATE
But most important would be 5th,august
As far as NIFTY sustains under 17,356 it’s not bullish
On TIME parameters

NIFTY, have a key HARMONIC CYCLE date today
Todays high would be a reference point for next 3 weeks
Same rule would be applied for other global markets as well
Would post on U.S. MARKETS in detail going forward
As far as NIFTY, or INDIAN MARKETS are concerned
Even after this extended upmove, the path going forward remains what it was
The minimum projection for NIFTY is 14,400 till september
Only the TIME projection could be extended for this, from september to October, no chance for price revision
And 14,400 is the minimum for NIFTY
The maximum would shock everyone
I dont know how it would go there.but it certainly has to go there
NIFTY cannot break 2021 highs without giving print of 14,400 on spot
And would take it from there
Earlier I dint expected NIFTY, to break 16,800
But it broke
The additional 500 points does not change the TIME structure for this market
Since 16th,june, I was calling for a counter trend bounce
But 17300 was not what I anticipated
For short-term pattern supports have shifted higher to 17,000 on spot
Once 17,000 breaks the rhythm of price would break
And once rhythm breaks, the 3rd law of NEWTON would get active
Markets have put traders in a spot where they wont get above points
But people would learn with TIME
Let’s see what happens
Intresting times ahead

NIFTY, is now moving above expectations
But this is not happening for the first TIME
it happened in past would certainly happen in future as well
Last time, this happened in april this year
The technical problem for NIFTY since 18th,july is VIBRATION PATTERN
once it turns, PRICE wont take much time to aline with major cycle
Pattern support for NIFTY has turned up from 16,380 to 16,790 on spot
Once 16,790 breaks, Prices would turn
On 19th,july I explained the extension of bullish HARMONIC CYCLE till 1st,august
We are almost completing that TIME CYCLE, accross markets on MONDAY
And as I mentioned in my earlier posts, the next HARMONIC TIME CYCLE cannot be bullish
Because 3,cycles doesn’t move on same direction
Bare market rallies are fast and furious
Until 16,752 I was convinced
Above that its irregular upmove
Let’s see how far it goes
As far as trades are concerned, I continue to hold september puts
Since I only take less then 30% exposure of my trading capital on such directional trades
I can manage such voletility
Holding only options so wont look to hedge.Have advice traders individually how to manage trades based on their trade instrument
So far in 2022 have not booked loss in such TIME based trades
Last time I booked loss in such trade was in december 2021
Would look forward to continue this winning streak
Let’s assume that, this view does not go well
Then also I would get exit at my cost
Unfortunately TIME have no alternates, so it does not care what the price is
There is still no bullish case in broader TIME CYCLE
Sounds silly but true
I have made greatest of profits by only using the TIME CYCLES
Using it since years
Would defenetly UPDATE if I rotate my expectations
Dont think have to do it, let’s see
Markets are here to stay