ICICIPRULI is at an intresting point.
Tomorrow 12th,october is a PRICE and TIME SQUARING DATE for this STOCK,
so if reversal has to happen it has to happen tomorrow.
If not then it could face sharp cuts in coming days.
We are watching PRICE of 518 very closely.
If this breaks then PATTERN would signal levels of 495 and 465 in coming days.
A lower low below tomorrows low,
would make no case for any BULLISH OPTIONS.

NIFTY giving that apportunity of a perfect short trade,
There is a slight difference between the rally from AUGUST low and the rally from OCTOBER low.
To understand that,
we have to apply advance geometry from the final high.
This along with TIME is making things quite BEARISH.
MONDAYS gap down made things slightly complicated else market would had toped out until now.
Couple of turn dates coming up next week so expect downtrend to resumed either from FRIDAY or early next week.

NIFTY;
had a (PRICE and TIME SQUARING DATE) yesterday,
So Yesterdays LOW of 19,480 would be an important level to break,
A lower low below 19,480 would trigger a sharp selloff.
As long as that holds,
for very short term trend would stay sideways.
BUT beyond that,
it’s almost certain that NIFTY is about to print 19,267 in coming days which would aline the PRICE with TIME.
Would be intresting to see,
how it gets there.
Ideally in next 2/3 weeks it should get there.
19,650-19,800 still a safe zone to initiate shorts for NOVEMBER series.

GNFC is getting towards a very strong resistance,
zone of 630-650 is a very strong supply zone based on its GEOMETRICAL setup,
As long as stock stays under this zone,it is likely to test levels of 577 and 540 on cash in coming weeks.
TIME wise 20th,October would be a key CYCLE date,
If STOCK can make a lower low below 595 till 20th,
then expect this STOCK to complete Targets till mid of NOVEMBER.

NIFTY after achieving PATTERN Targets have given a smart recovery.
On wednesday we discussed couple of points which were not supporting the BEAR case in extreme short term.
We focused on INDIA VIX closely,
The failure to take out 13.40,
is not going to bring in any sort of panic in markets.
Another point was on PRICE and TIME SQUARING on NIFTY on 9th,October at PRICE of 19,267.
Firstly on MONDAY,
NIFTY would square the TIME from september,2022,low.
PRICE certainly would square at 19,267 but it’s not necessary for market to print the PRICE on that exact date.
Since PRICE is a substitute of TIME sooner or later PRICE have to go at equality of TIME.
To put it in simple terms,
Just like MOON orbits EARTH,
PRICE to orbits the TIME.
So if my calculations are correct,
NIFTY have to print 19,267 on spot in coming days.
Based on that we prefer to add shorts here and on rally till 19,800.
also the low of MONDAY would be very critical.
Same is the case with $S&P;500;
Today that too would SQUARE its PRICE and TIME from its MARCH low.
PRICE level to watch would be 4,168 so let’s see how and when it gets there.

AUBANK; is breaking below its 45° angle from its TOP,
nothing good happens below it.
even if we check PATTERN and TIME CYCLES here,
they too are signaling that,
STOCK have broken down.
A lower low below 696 have triggered a PATTERN breakdown which can take PRICES down till 666 and 640 on cash in coming days.
28th,SEPTEMBER was a very important date here,
As long as STOCK stays under it’s high,
SETUP is likely to stay extremely BEARISH.

M&M have achieved our primary objective of 1503 today,
on 26th,SEPTEMBER we discussed here on a MATHEMATICAL PRICE and TIME SQUARING at its 18th,SEPTEMBER high.
STOCK have lost almost 10% from that high in such a short span of TIME.
Going forward,
we would look for 1450 as next target on downside.
Next P&T,SQUARING date here is coming up on 30th,OCTOBER,
and the PRICE which we would refer on 30th,Oct would be 1360 on cash.
it’s not compulsory that PRICE has to be at 1360 on 30th,
But that would be a point of reference more important would be the high and low of 30th.

NIFTY achieves 19,380 as well.
Couple of points to note here,
We are closely watching INDIA:VIX,
if we wish to se lower levels in extreme short term then VIX must take out 13.40 on closing basis.
A failure to do so,
is unlikely to increase put premiums exponentially.
Another point to watch is the possiblity of a PRICE and TIME SQUARING on NIFTY at PRICE of 19,267 on 9th,OCTOBER.
Simillar PRICE TIME SQUARING is about to take place on S&P at PRICE of 4168 on 6th,October.
The MARKET reaction at these PRICES on these DATES would be very important.
The inflection could turn either ways,
For now we are taking part of our profits and waiting for CYCLE DATES to assess setup.

MUTHOTFIN,
is approaching a very critical support of 1200,
A print below 1200 will signal a channel breakdown for near term Targets of 1155 and 1107 on cash in next few days.
For slightly medium term,
there is a good possibility that this STOCK would test level of 1051.
So in simple terms below 1200,
we are looking for a sizable decline to unfold here.
PRICE and TIME EQUATIONS to are suggesting a breakdown ahead.

NIFTY with the break of 19,491 have ruled out the possiblity of an extended rally.
We had kept this marker of 19,491 to validate our bearish view,
Now when it has broken the next ideal Target on downside would be the low of 1st,SEPTEMBER.
Before that 19,380 is also a PATTERN Target which is based on PRICE.
A rally towards 19,800 would had been a perfect apportunity to pile up shorts for NOVEMBER series.
but it missed that,
not by a wide margin but still the bounce ended beloe our expected level of 19,800.
As we discussed on FRIDAY,
2nd half of this week is extremely critical.
Not only for INDIAN MARKET but for U.S. MARKETS as well.