DXY, U.S. DOLLAR INDEX, has came very close to the projected target of 108
Yesterday it made high at 107.26
If this high does not get away in next 2/3 day, then expect DXY to cool off a bit
Target of 108/110 would be intact
But for short term INDEX can go sideways before next move on upside
In APRIL when everyone expected a collapse of $ I pointed towards the massive breakout on DXY above 102.25, that got printed on 27th,April, view posted on 25th,April,2022https://ganntradersaahil.wordpress.com/2022/04/25/dxy-view/

GOLD, is coming closer to very Important (HARMONIC CHANNEL) support zone of 1690-1720 on COMEX
I Expect, this support zone to hold, going forward, and in coming days should test 1880, and in coming months print of 2070
Should come
For me, GOLD and SILVER, are very close, to complete the price correction
From here it should move higher
This is the only asset class I have a bullish view for rest of the year
SILVER also shall rise but GOLD looks more convincing to me

NIFTY, is moving traders right and left of their seats
But for now we, can’t take PRICE seriously, until this CYCLE ends
And there are 2,TIME,CYCLES running at the moment
1 is the HARMONIC TIME CYCLE, which I had been pointing out as bullish cycle till 8th,july
The other one is a weekly cycle, now I will explain you how it came! Under the rules of Gann Theory, a bare market bounce can last approx, 3.5,weeks from lows
Considering 17th,june low we still are in 3rd,week, of this counter trend bounce
So what to do now
TIME would move on it’s own speed
Can’t do much about that
And as Traders we cannot over,turn TIME indications
So there are just 2,options left with us
1st, is to keep approach of going long as far as 15,500 holds on spot
Because as far as 15,500 holds, All Targets remains on table till next week
If that breaks need to re,calculate structure again
2nd,option is to sit,out
For now I would prefer the 1st,option
I wont mind if I end up on a losing trade
If positions are managed wisely this market still could be rewarding
Need to keep options open for few more days

NIFTY, back on track
In tussle between TIME, and PRICE, it’s always TIME, who wins
This up,move should not be a surprise
On Friday I was very clear, with my expectation on markets
Since 20th,june, I have been sharing, My view on counter trend bounce, which could take NIFTY, towards 16,200 on spot
This level was on table on friday, still on table today
Setup remains intact, until NIFTY, gives print of 16,200
Till then avoid noise

RELIANCE, on Friday tested, the SQUARING,PATTERN Target of 2380 on cash
Which was shared on 9th,June
Going forward 2300 is critical channel support, breaking which march lows would be broken, and 2100 could be tested
Since April, my view has been bearish on this stock
But for very short term, I expect RELIANCE to hold 2300 and give a counter rally upto 2560-2620 on cash before next move on downside, towards 2100https://ganntradersaahil.wordpress.com/2022/06/09/reliance-view-4/

$S&P;500; is consolidating near recent lows of 3636 made couple of weeks back
I have been pointing out, pending counter trend bounce since several days
PRICE so far has not performed on expected lines
But view, still remains same
I still expect a bounce before next move on downside
The bounce can take S&P; towards 3960-4000 on higher side
And once that completes, downtrend again shall resume
For Target of 3540
Working with this objective
Let’s se

NIFTY, still not under woods
A punch from TIME, would break 15,920 with a flash
As far as this cycle completes, I still would keep my objective for 16,200 on table
I dont mind price voletility
It sounds messy, but cycles are still not supportive for a down move
No one is allowed to break the rules
I still would prefer long trade over the short trade, for extreme short-term
I am OK if trades fail, but wont go against, HARMONIC CYCLE

NIFTY, has stuck between the tussle of PRICE and TIME
We can’t do much about TIME, but PRICE have critical PATTERN support at 15,500-15,600 on spot
Things still stands where they were
Personally not intrested to go short till next week
Would hold on, before adding fresh positions
PRICE would aline with TIME above 15920 on spot
Next week would be very critical on TIME FRONT
Specially monday and friday
Because they would be, Pattern date and Vibration Date respectively
Not a TIME yet, to take aggressive trades

#DOW, have a critical channel support at 30,750, as far as it holds expects level of 31600 and 32200 in near,term
The pullback in U.S. MARKETS, still look’s incomplete to me
There may be still some upside before the resumption of downside
A break of 30,750 would put INDEX sideways
S&P;500 and NASDAQ, also have some upside to work with
TIME for now is not an issue
Let’s se how it goes

INFY, have completed all Bearish Targets, which were shared earlier in MARCH/APRIL
Now the low at 1367 could act as a strong support going forward for medium term
In short,term a print above 1502, would trigger a pattern breakout, which would signal Targets of 1560 and 1610 on cash positionally
I do expect I.T. stock to lead the counter rally on NIFTY
For now let’s not get into the debate on bottom on NIFTY I.T.
Let’s give some more time to the setup
Till then let’s conservatively participate in I.T. rally
With appropriate risk management