JINDALSTEEL, is breaking below its short-term PATTERN support of 725,
this can drag this STOCK towards its major VIBRATION PATTERN support of 677 on cash in Coming days.
For now we have convincing signs for a TOP here at it’s high on 14th,DECEMBER,
On TIME front 10th,JANUARY is a major TIME CYCLE date,
If going forward STOCK breaks below 677 then that could trigger a higher degree pullback from its low of 503 which was registered on 25th,MAY,2023.

NIFTY had a very critical CYCLE date on FRIDAY.

As explained earlier,
the intraday LOW of FRIDAY is going to be very Important going forward.
if INDEX sustains below 21,629 then that would signal a near term trend shift to downside.
but only when it sustains below that level else not.

on PRICE front last week we discussed multiple PATTERN supports ranging from 21,300-21,450 all those supports are still intact.
so the technical setups from both PRICE&TIME fronts after a long TIME is absolutely clear.

Hens this rally still can continue,
but only as long as supports are held.

$S&P;500 and NASDAQ;COMPOSITE probably got that final push higher during last week of 2023.

We discussed on a TOPPING formation on both INDICES on 15th,DECEMBER.
it likely took 2,weeks to complete and culminate the rally.
BOTH INDICES as of today has been holding their supports of 4,650&14,400 respectively.
Once we get a daily close below these levels that would certainly confirm my overall take on U-S-MARKETS.
TIME wise entire next week is going to be very critical, If MARKETS breaks their supports next,week,then we could get a very powerful move on downside.
More than NASDAQ,
S&P is poised very precariously,
because below 4,650 absolute PRICE-TIME-EQUALITY level is placed at 4,465
Could take TIME but that’s the next trajectory.

MARUTI possibly have registered a major high on 07,DECEMBER at 10,932,
the PRICE&TIME EQUATION here is pointing towards more weekness in coming days.
Technically STOCK have to sustain below 10070 for further PRICE expansion on downside.
A sustained trade below 10,070 would drag prices towards its HEXAGON support of 9901 and a close below 9901 would open up positional Targets of 9600 and 9275 on cash in next few weeks.

NIFTY the PRICE-ACTION since MONDAYS high has potential to generate a meaningful pullback in Coming days.
, As I highlighted in last week’ this is a very critical week and especially 5th,JANUARY would be the most Important CYCLE DATE.
,
, The intraday LOW of 5th,JAN is going to be a key reference point for the entire month.
, I also mentioned earlier that JANUARY is not going to be an easy month for MARKETS.
,
, In case MARKETS trades below FRIDAYS LOW,
, that would open up a genuine possiblity for a rapid decline in very near future. On PRICE front significant supports are placed in zone of 21,300-21,450 on spot.
, 21,450 is a VIBRATION PATTERN support,
, 21,360 is a HARMONIC PATTERN support,
, and 21,300 is a 90° angle from MONDAYS high.
, So far since late OCTOBER NIFTY have not given a daily close
below its HARMONIC PATTERN support.
, So if INDEX sustain below 21,360 going forward then that would further solidify the probablity for a meaningfull pullback in Coming days.
, We are anyways getting closer to PRICE&TIME alinement,
, still wait for levels to break.
,

BERGERPAINTS is attempting a PATTERN breakout,
this attempt is likely to be successful once it sustains above 615 on cash.
Above 615 it would open up Target objectives of 658 and 711 in coming days.
The PRICE-TIME-EQUALITY level from SEPTEMBER high is coming at 582 so any dipp towards 582 would be an ideal apportunity to add positions.

AARTIIND have achieved its PATTERN objectives of 600&637 in DECEMBER,
I initially thought that the 20% rally here which I originally expected on 30th,NOVEMBER would take some TIME but that only took 1,month.
Going forward structure have gone more stronger.
PATTERNS like HEXAGON and SQUARE OF 9 have given further extensions till 720 on cash.
Any sharp dipp here would be an ideal apportunity to reenter.

GUJGAS, gave a print of 464 and achieved PATTERN objective of 488 and also reached the PRICE-TIME-EQUALITY level of 495 today going forward it has to sustain above 495 to further test 525 and 560 on cash.
View posted on 26th,DECEMBER.

NIFTY got that further extension above (21,623) hens PRICES have expanded further which is not something unexpected.
its critical for us to understand few points from here.
Next week would be a final week for this rally which started from OCTOBER LOWS.
nott only for INDIAN MARKETS but for U-S-MARKETS as well.
From 8th,january things wont be that easy.
There also could be remarkable difference between the month of JANUARY From the month of DECEMBER.

We shall discuss this in detail once we enter that phase.
for now MARKETS are BULLISH and we have been Trading it that way since mid of NOVEMBER.
the only change which have took place is trades have been shifted to weekly OPTIONS from MONTHLY OPTIONS earlier.
On upside 21,850-900 zone is possible but no nearest support till 21,500.

NIFTY is likely to end 2023 at a POSITIVE note.
As we have been discussing here for few days now that until 5th,JANUARY there are no CYCLE DAYS,
so until then we could see MARKETS consolidate with a BULLISH bias till 5th,and after 5th we would have much better idea on next direction to initiate fresh trades.
There are multiple CYCLES which are going to aline next year from 5th,JANUARY to 25th,MARCH.
So there would be significant Trading apportunities for us as TRADERS.
For now this is not a TIME to get pro-active and commit to major trades.
LOW participation and thin VOLUMES are anyways not going to trigger anything meaningful on INDICES.
PATTERN supports on NIFTY have shifted higher from 20,930 to 21,057 on spot.

So as long as 21,057 holds on closing basis the view has to be BULLISH.
Further PRICE extensions are placed above 21,623.
Watch out for VIX very closely.
A monthly close above 13.02 would indicate 27 going ahead.