NIFTY breaking support on a #Vibration day and that too on Friday doesn’t go well with an uptrend. As short term traders setup is suggesting us to go short on rallies for the next supports on downside at 15425 and 15220 on spot. Still keeping long term setup in mind short positions should be kept light. Matter of 1 to 2 weeks of correction quarterly structure still suggests 16500 in coming months. For next week 21st and 25th very important Time cycle dates.

Good Part about yesterdays session was we protected 15600 on NIFTY SPOT. Going ahead this level of 15600 remains a key support for near term followed by 15500. Specially it’s important that we hold this level on important Time Cycle Day which is today,and a Pivotal next week on Time Front. Would avoid shorts for now atleast till 15500 is protected. Above 15820 journey towards 16000 would be sharp. Expect good correction if 15500 breaks on downside. Monthly and Quarterly Trend remains very strong for all Indices in INDIA And across the world.

MARKET just feeling Uncomfortable on an Important Vibration Date. But setup is still fine because very critical support zone of 15500 to 15600 is held so far. NIFTY needed a consolidation after a decent upmove. So sideways trend is necessary in very short term. But rally would resume again above a weekly Vibration Point of 15820 on cash. Then move towards 16000 is possible then. Would still say to avoid going short on Indices specially as long as 15500 is protected on downside

TATA MOTORS would give a fresh Pattern breakout above 362 on cash. Above 362 Pattern is suggesting Targets of 385 and 417 in near term. Beyond short term it is gearing up for the levels of 510. And in Long term 999. Personally not going to mis it for 999.

TORRENT POWER LTD view

TORRENT POWER LTD above 493 would get ready to test 523 and 560 on cash in coming weeks. A Larger degree breakout would happen above 523 for the Target of 725 in medium term. So hold it with patient’s.

NIFTY going strong on expected lines so dint felt for need to provide any update. With every upside supports are shifting higher. Which is the case with every Trending market. Trading a Trending market gives a real satisfaction as a trader. On TIME front no Vibration Date or HARMONIC date due in this week. On Price front Supports are bit lower from current levels. Very strong Vibration and Harmonic Support lies in the zone of 15400 to 15500 on spot. Would review upside targets near 16000 but In very short term some consolidation is required. NIFTY BANK could surprise on upside anytime.

L,T,F,H ready to give a HARMONIC breakout above 101 for the Targets of 112 and 124 On cash in short to medium term.

Good Morning NIFTY scaled new Highs in past week on expected lines. Once the level of 15080 was crossed in mid of this month since then it has been a smooth rally on upside. This week would be pivotal where we have an Important Vibration date on Monday. On price front NIFTY is within the Target zone of 15400 to 15600 on spot. Going ahead 15630 to 15660 would post a strong challenge on upside. Possible profit booking could be observed in this zone. But if This zone is crossed convincingly then the rally could even expand till the levels of 15850 and 16081. In case of any Profit booking Price area of 15150 to 15200 would be an extremely strong support on downside using the method of Vibration and Harmonic Theory. Well if short term looks good to you then Medium term setup would look even better. Because the medium term Target on NIFTY IS 16640 IN NEXT few months. So this rally still have an enough distance to travel. Position yourself sensibly to capitalise on it.

DLF ready for a northwood journey again. Uptrend has resumed above 280. Minor challenge lies at 307 which surely would be crossed. Matter of few weeks expecting levels of 350 and 400 on cash.

NIFTY has given a decent upmove since past week after giving a multi month breakout. NIFTY now stands very close to the monthly as well as Quarterly high of 15431 on spot. Well as of now the Price,Pattern and Time all suggests that this point shall be crossed on upside in coming days. Once its crossed formally much Higher Targets would be projected on NIFTY. But in short term 15400 to 15600 is possible. Utilize all available dipps to enter Trades on Long side.