NIFTY in #Intraday would square #Price at 16636 with #Vibration hour between 14.25 to 15.25.

MARICO Looking very strong Geometrically and Harmonically. Fresh Vibration+Harmonic Pattern breakout is Placed above 565 for the Pattern Target of 595 and 630 on cash Positionally
It recently gave a Hexagan breakout whose Target also is Placed at 630 on cash. Overall a decent setup to chase.

AMBUJA CEMENTS. After a sharp rally is looking overstretched now. Harmonic setup would give first sign of some near term correction below 376 on cash. Below 376 we could expect levels of 352 and 328 on cash Directionally.

NIFTY after hitting 16700 contracted a bit and in that process broke the Important support level of 16400 on spot
Which was Important for very short term. But medium term setup is still strong enough to held us onn sidelines to initiate a positional short trade on INDEX. Before we enter in detail of Price Levels. Let’s understand what exactly is going on in Market while we stand at a critical level on NIFTY. The main problem is mainly coming from 2 sectors 1 BANKS. Which is repeatedly giving mixed signals on both sides because 50% of its components are very week Technically. That really is making the index nervous. 2 PHARMA
It’s extremely tough to find a strong stock in this space. Although this index is highly oversold better to avoid any trades on either sides. 3 AUTO. This also had not Participated in the current rally. Obviously it have plenty of Problems with it. So it also cant put its foot forward to help NIFTY to sustain on upside. 4 FINANCIALS. Better to have no expectations from here as well. Accept few stocks entire space has not Participated in current rally. 5 METALS. This is much better comparatively. Yes in short term prices might correct a bit. But it should be considered a healthy correction. The long term structure is still extremely strong here. 6 I.T. The only in form sector which has fired on all cylinders all stocks have participated equally from this space. Going ahead it shall continue to support NIFTY. 7 FMCG. It also have provided its support to NIFTY in current rally. Going ahead we might see controlled upside here with selective outperformance in few stocks. Same would be the case with CEMENTS,CHEMICALS And ENERGY sections going forward. Interestingly Midcaps and Smallcaps, are slowly moving in a corrective territory since 2 weeks. The correction here might last for 6 to 8 weeks. Before both the Indices again resume their momentum on upside. So be very careful if you have Trading Positions here. For Investments or Holdings there is not much to be concerned. We can afford to hold our Investments till next April. Till then no need to review holdings. As I repeatedly mentioned in Past. We are Hitting a Cycle Top next Year. So for now corrections are an apportunity not a cause of conserne. We might have a decent Pullback near 17000 level onn NIFTY but that also would be Temporary in Nature. Practically you cant stay Invested 100% at these levels. In markets. You have to sit on atleast 40 to 45% of cash. In current times. To provide yourself that apportunity to add your stocks on Lower Levels.

Coming back to Price and Time now. On Price Front even though 1 support has been broken better to avoid a short trade for now. Could consider going short only if 16100 breaks on downside. Below 16100 we could test levels of 15950 and 15780 on spot. On the other side we could again gain some strength above 16660 till the higher levels of 16820 and 17000 onn spot. But better to chase it with thin volumes. Next is the TIME.

TIME is at a very important Inflection point now. Specially the weekly Vibration Cycle stands at an extremely critical point. This week would be very Important because it is a Vibration week. And on Friday we have a Harmonic Day. So lot happening on Time Front this week. If everything goes onn Expected lines then we might have a swing Top around 31st of Aug.

BANCO PRODUCTS INDIA LTD. NSE SYMBOL. BANCO INDIA. Looks good on multiple parameters for Medium to Long Term. Add in 160 to 180 range for Mid term Target of 240 and long term Target of 350 on cash. Act on every dipp.

NIFTY today tested the Target area of 16640 on spot. Which was a Hexagon+Vibration+Harmonic Level. Time to Trim some positions. Major support now stands at 16400 on spot. Dont go after everything in this market. Be very selective.

NIFTY moving from strength to Strength. It gave dipp to enter longs before completing the Target of 16460 level which was mentioned in prior week. For this week supports have shifted marginally higher at 16200 on spot. Until this level is held nothing to worry much. All setups remains buy on dipps for the Targets of 16640 and 16800 on spot. But note fresh positions must be added at lower levels. Near 17000 we would be at a very critical point in this leg of rally. So more close we move towards 17000 more conscious we need to get. Position sizes must be reduced on higher levels. We need to be very selective with what we buy and what we sell from here on. It would be difficult to find high conviction setups to trade. So need to keep these points in mind for coming days. But for now enjoy the rally. This week we have a Trading Holiday on Thursday. So a short week with Friday as a Vibration Date.

HDFC LIFE. Be careful if you hold this stock. This is looking extremely week on multiple parameters. Once the supports are broken it might correct significantly. Very strong Support is Placed at 636 on cash which once breaks would open up Targets of 600 and 564 on cash Directionally. Below 636 it would be a Vibration+Circle Breakdown. Hexagon and Harmonic Breakdown shall also follow the path of downfall in coming days. If the view goes on expected lines which I think should. Then this stock could easily go down 25 to 30% from the Top. So be watchful here rather then being Hopeful.

ICICI PRULI. Something going on with LIFE INSURANCE space. Setup is signaling pain ahead. This one is bit complicated. Still near term weekness is visible below 628 on Cash for the Pattern Targets of 598 and 567 positionally. In case the level of 546 breaks in coming weeks. Which I think is a high probability. Then the Cycle here would take us till 471 and even 410 in medium term. So stay very careful here. Be selective with what you hold from here on.

LIC HOUSING FINANCE. The Pattern is loud and clear here. It is Suggesting a Sell and Sell on every rise. Vibration and Harmonic Patterns are also week here. The Channel support here lies at 358 on cash which once breaks can take the stock till 333 and 302 directionally. The Channel which breaks below 358 would complete its rotation at 289. But it would take Time to reach there.