BSOFT. looks week. A strong sell candidate on rallies till 470-490 zone on cash
A HEXAGON Pattern Targets on downside are placed at 400. For now working with that. Comparitivly a risky trade but patterns are week here.

TECH MAHINDRA would give a HARMONIC CHANNEL breakdown below 1355 on cash! CHANNEL Targets would be 1225 in coming weeks. In short term below 1355, it could test 1310 and 1260! Looks week on Patterns!

Something Extra-Ordinary going on in NIFTY. We were and are still very conscious on markets. The price is showing clear dis,comfort on Higher side. Pointed this in our Earlier posts as well. But unfortunately traders are more focused on short,term bounces. There is a process to trade such volatile markets. We share that in our courses. Because positions are taken Intraday sharing those trades in real,time gets very Tough! Irrespective of short-term bounce our positional view is very much clear. We are extremely bearish on market for medium term. Slowly and steadily NIFTY would break all its swing lows one after another. Expecting a trending move next week. In which we have 2 TIME CYCLE days 1 on Tuesday and another on Friday! If NIFTY gives a daily close below 17,060 then get ready to break January lows!

USD-INR
Giving a TRIANGLE breakout. Targets are placed at 78 (Exicuting a FUTURES TRADE here) would add positions here till 74.50 Target would take time to achieve. A close above 76 would Trigger a (SQUARING PATTERN) breakout which would Intensify Trend further to achieve Mentioned Target!

After the Policy, NIFTY is holding well. Near-term setup is positive as far as 17,380-17,400 zone holds on spot. On upside it still can test 17,700 And 17,830 on spot. We are taking minor profits respecting the short-term setup. But it does not change our stand on markets. We would put it this way; earlier NIFTY came down to go up now NIFTY would go up to come down, so there is a difference of approach. NIFTY BANK also would stay in a strong position as long as it stays above 39,050 so banks for now are holding well.

NIFTY giving opportunity to reduce exposure at Higher levels in (Large caps). We are reducing our positions on higher levels as far as our holdings are concerned! We are preparing for a Longer term correction in markets hens, portfolios are edgested accordingly. We continue to hold mid,caps which were suggested earlier! Till the end of this month we are planning to increase our cash levels upto 45% of our portfolio. For Investors it’s a market to sell on rallies! Avoid buying the dips if you are a long term Investor. As far as short-term is concerned, the low which we made yesterday is about to break sooner or later. Whether that breaks tomorrow or, in coming days that doesn’t matter. There could be a Temporary bounce in NIFTY above 17,456 till 17,630 on spot! In short-term there could be impulsive upmoves but longer term trend is very much clear. Once 16,800 breaks wea at Gann,Price,Time,Analysis would begin preparations for 13,750 on NIFTY!

NIFTY broke 17,400 and 17,200 yesterday. Which was the most important support for NIFTY. As I mentioned in past below 17,200 was a safest zone to go short without any if or a but. This time more then price patterns the TIME FACTOR is more active because from December lows this week is the 7th week. NIFTY has completed the pattern target today. Those who understand HARMONIC PATTERN they are aware on it. Going forward NIFTY can still test 16,950 and 16,840 on spot. Texture is clearly sell on rallies. Counter moves would be there but they would find it tough to sustain on higher side. There is clear discomfort on higher side. The break of 17,200 have much severe consequences the impact of which would be felt in coming days. There is a high probability for NIFTY to revisit its december lows. But before that 16,800 is the ultimate support. So do watch,out whether it holds or not. Before I finish this post, would like to mention specifically on INDIA 10Y BOND if it sustains above 7.0 then it would trigger unwarranted fall in markets. For me INDIA 10Y is going beyond 7.30 in few quarters if that happens then forget 16,000 even 14,000 won’t be protected on NIFTY. AND IF YOU Connect the master time cycle the belief gets even stronger. More on that some other day. For now keep a close watch on (BOND MARKETS).

TATA POWER have a very strong setup. All patterns are in sinc for an upmove here. Buy on dips till 235 for the Targets of 275 and 300 on cash Positionally. Above 275 it would give a (HEXAGON) breakout whose Targets would be 325, so do Watch,out!

NIFTY struggling to decide how to behave at 17,400. Ideally there is no short trade possible as long as 17,200 is protected on downside. As posted last week it’s a side-ways market within the range of 17,200-17,850. So safe guys should stay away from NIFTY until the clear Trend emerges! Lot happening on time front this week, so go light on NIFTY. According to TRIANGLE price would come in a strong position above 17,590 on spot. Until this level gets crossed expect Volatility in defined range! Select BANKS and ENERGY stocks are the space to be in now!

Aggressive Traders Can consider carrying NIFTY Calls for Monday. Stop,loss 17,400 on Spot! Consider monthly calls based on your risk element! Target 17,830 on Spot. Would again mention it’s a risky trade!

Conservative guys can exit call trades, getting several DM 😊 17,400 still a strong support.