MARKET UPDATE

MARKETS
are reacting to RBI, POLICY Today
Todays price action is not that important
So whatever happens today wont make any Impact to overall Bearish structure of INDIAN MARKETS, Expect more voletility going forward
Yes NIFTY will break MARCH low of 15671 this time
But that wont happen overnight
Wait for short covering rallies and then add shorts
NIFTY should break, 15,671 before 1st,July
Let’s see
A daily close below 16,370 would make things more bearish for short term

S&P;500 UPDATE

$S&P;500; has given a durable bounce, from recent lows of 3810
In my post, dated, 23rd,May, I expected a sharp rally to unfold
4,200+ was the Targets which were projected for this Bare Market bounce!
Last week S&P made high around 4,178
Went very close to the projected target
May be it still have 1 more leg pending on upside
But TIME wise the bounce have played out
Markets are now ready to test May lows
Price wise
If S&P, start trading below 4050, that would signal incremental weakness, which would take S&P, towards, May low of 3810
It wont stop there
Would discuss further targets when we get the print of 3810
Till then enjoy the upcoming fallhttps://ganntradersaahil.wordpress.com/2022/05/23/sp500-update-2/

NIFTY UPDATE

NIFTY
on Pattern date has given a lower low
The objectives have met for now
I dont mind what happens Tomorrow
TIME Indications are loud and clear, that, this market is going lower
This time march low of 15,671, shall certainly break!”
market doesnt have the TIME support now
Which it had earlier till 3rd,June
Mentioned about this date several times, since mid May on Price front 16,391 is VIBRATION PATTERN support. Breaking which NIFTY could test 16,220 and 16010 on spot
For medium term this is sell on all rallies market. Personally have heavy positions in August puts
Would still add shorts on higher levels!”

NIFTY BANK HARMONIC CHANNEL view

NIFTY;BANK
WOULD give (HARMONIC CHANNEL) breakdown below 34,830 on spot
CHANNEL Targets would be 34,050
33,300
32,450 and 31600 Positionally
The actual targets would be way lower then this
These are just channel points for reference!”
Next move on downside, would be led by BANKS and FINANCIALS
I.T. wont be a hot-spot this time
So expect deep cuts in BANKS this time!”

RBL BANK view

RBL;BANK, has given a (HARMONIC PATTERN) breakdown
Matter of TIME it also would give (HARMONIC CHANNEL) breakdown below 99
Channel Targets would be 64 on cash in medium term!”
Positionally can expect 91 and 78 on this stock
The long term structure here has damaged very badly
Be careful if you hold this for Long term!”

NIFTY UPDATE

NIFTY, have TIME support only till Tomorrow
From Tomorrow TIME PIVOTS are Completing Important, HARMONIC CYCLE
So TIME would turn neutral
Setup, wont turn bearish overnight, so allow markets to give there say, before next move!”
I would closely watch what markets does on 6th,JUNE
If market falls on 6th, I would be more then convince, that,this Bare market bounce is Coming to an end
If this doesnt happen, then other scenarios would play out. But that would be alternate aspects
For now let’s se what happens on 6th, in case market goes up on 6th then market would go sideways for some more days! Give some TIME to markets, till then TRADE wisely!

TIME CYCLE UPDATE

Sharing TIME CYCLE DATES, for JUNE
VIBRATION,DATES
7th,JUNE, 13th,JUNE, 20th,JUNE& 27th,JUNE
TIME;SQUARING DATE, 17th,JUNE, HARMONIC;DATE, 3rd,JUNE, 22nd,JUNE
PATTERN;DATE, 6th,JUNE, 20th,JUNE On week front
Last 2, weeks of JUNE, would be extremely important
Expect very sharp reaction on PRICES
MARKETS: would be at an inflection point during these 2, weeks
As far as TIME, is concerned, so prepare yourself for more voletility!”

U.S. MARKET UPDATE

Critical day, for U.S. MARKETS
its VIBRATION DATE for WALL,STREET
Todays date would be a PIVOT, day hens todays high and low would be a reference point going forward!”
If U.S. MARKETS, sustain below Todays low
That would be a first sign that market is turning lower
U.S. INDICES, are very close for, completing their counter trend bounce
So be watchful, intresting day Today!”

Some problems in U.S. MARKET
Closing would be critical
32,400 is reference point for DOW
WHICH is a HARMONIC CHANNEL point. Watch out, mentioned on TIME earlier in the day!”