Taken profits from JUNE calls
Nothing wrong with markets yet
Just trade management. Looking forward beyond this bare market bounce!

NIFTY, have (PRICE and TIME), support in the zone of 16,200-16,400
So this is a validation point holding which, NIFTY would complete its Targets above 16,900 on spot. Till 3rd,June, TIME is Positive!”
No point attempting short trades till then, need to wait for few objectives to meet
NIFTY have travelled 800 points in 3 days, so it needs some breathing space. As far as supports are held, things are fine in short term!”

NIFTY, broke its resistance zone, with a break-away gap. TIME was never the problem for this market, it was always PRICE, which was not Aligning accordingly!:
Once NIFTY passed, TIME SQUARING date, things became easier for PRICE. Also the close above 16,350 gave that indication that, pending bounce may play out! On TIME front this week is a HARMONIC WEEK,
So entire week will be critical. Would again remind, this is just a Bare Market bounce
This market have still plenty to do on downside! But for now, let market rally bit more
Once this bounce ends, would again go short heavily
Domt make a mistake to call 15,700 a double bottom!

NIFTY, retained 16,210, so price is back on track. Mentioned about HARMONIC TIME CYCLES, several times in past. For NIFTY this is a strong probability to cross 16,410 and sustain above it!:
NIFTY I.T. and NIFTY METALS INDEX have managed to form a Temparary base for short term. That will help going forward! Until NIFTY closes above 16,350 things wont change significantly!:

HDFC;BANK, Held zone of 1270-1280, and today completed the 1st,pattern Target of 1375 on cash. Dispite volatile markets this has done well, counter rally can still continue here!: Posted view here on 13th,May, when everyone was afraid to buy. Was a risky trade at that time. Low made here was 1278. Supports now shifts higher to 1320 on cash!:

NIFTY, is finding it tough to catch,up with TIME. HARMONIC TIME CYCLE for NIFTY is bullish till 3rd,June, so plenty of TIME left for market to break its barriers on Higher side!:
Not only HARMONIC TIME CYCLE, SQUARING PATTERN, and HEXAGON PRICE PATTERN, for NIFTY is also signaling an upmove in coming days
SQUARING PATTERN is the most stable indicator in a sideways market!”
Which for now is expanding on upside
Once NIFTY, gives sustainable closing above 16,350 the SQUARING PATTERN will put NIFTY in a new ORBIT on upside. HEXAGON PATTERN also is suggesting Targets above 16900!”
For any reason, if NIFTY comes near 15,800 that would be an opportunity too add positions on calls
Voletility is high and it will remain on higher side, thursday and friday are critical TIME CYCLE dates, approach wisely!:

NIFTY, as discussed in morning is struggling to aline with TIME. UNTIL spot gives closing above 16,350 this Zig-Zag will continue. VIX above 25 is not making things easy for traders!:
TIME is what it is, that cannot be calculated again looking at price. Only thing which could be done is to trade with thin volumes!:
For example I hold 2 lots of june calls would add only if NIFTY retest 15700 or lower. Else I would simply observe markets till 3rd,june. Things are as simple as that, why to make it complicate!”

NIFTY, has to retain 16,210 to negate this price bearishness. Failing to do so, can drag prices to 15,850 and 15,650 on spot. Bulls at any cost have to take NIFTY above 16,210 to keep things back on track!”

NIFTY, has given a print above 16,410 the slight doubt I had earlier is clear now. No matter whatever price does I am certain that market is going higher. More the price falls, would add positions in JUNE calls. No matter what, NIFTY has to test 16,945 in coming weeks.

INFY, on expected lines has given a print of 1425 on cash in previous week. For medium term price objectives has completed. This may show a pullback above 1520. Posted update on it on 2nd,May.https://ganntradersaahil.wordpress.com/2022/05/02/infy-achieved-channel-target/

$S&P;500, continues to trend southwards. My view here has been bearish since several months now. And markets have been moving on anticipated lines!” In my previous update on 10th,MAY: on S&P, I Mentioned 3,800 as a Near term Target based on (HARMONIC CHANNEL). On Friday it has made low at 3,810. So for now price objectives on downside have completed. 3,800 continues to be a very strong support for S&P, Going forward. So there is a strong probability for markets to make a Temparary bottom and give a durable bounce. The bounce which I expects would only be a Bare Market rally, which can take S&P above 4,200 in Coming days. The bounce could be very sharp!: Once this Bare market rally ends, U.S. MARKETS would again resume there down’trend
There is still plenty of room left for this Bare market. But for now look for rally!: Few Price Projections has to be udgested in real time
So stay tuned. TIME for now is not favourable for decline, wait for PRICE to aline with TIME!:https://ganntradersaahil.wordpress.com/2022/05/10/sp500-update/

Critical week for markets. Better to approach this week, 1 day at a time. Today is a Pattern day for NIFTY, Price equilibrium for today is 16,050-16,200 on spot!” Above higher zone trend is strong, below lower zone its week. All,though TIME doesn’t allow me to take a sell trade, below 16,050 need to be more watchful!” Expect more voletility if NIFTY stays under 16,050 in case market moves towards previous weeks low, then I will look for Long trade for short term!: On other side if NIFTY stays above 16,200 then market would easily cross previous weeks high of 16,400, above 16,410 it also would be a VIBRATION PATTERN breakout, which would signal targets of 16,600 and 16,790 on spot!: so let market make its move, then go for that!”