NIFTY achieved the Target of (19,375) immediately as we discussed earlier. Next we are expecting (19,140) also there are 2,very intresting development’s taking place with todays close, 1,is a HEXAGON breakdown which activated with a close below (19,430) 2,we also got a HARMONIC CYCLE breakdown today with the lower low below (19,327) on spot. Not only that, the most famous, SQUARE OF 9, also turned bearish today, but we dont want to go into that detail for now. The HEXAGON target on downside is (18,975) on cash. this morning I discussed the medium and long term path for markets with certain individual investors, would share here at appropriate time. For now we should focus on short term setup which is sell on rise.

MARKETS have responded well to its major CYCLE date of 1st,AUGUST. S&P ofcourse have held its support level of (4487) but NIFTY broke (19,562) convincingly yesterday. We have discussed downside target objectives on 27th,JULY. According to that (19,375) is our primary target. SETUP have certainly turned as sell on rise until and unless spot avoids a daily close above 1st,AUGUST highs. For near term PRICE and TIME both are indicating some PAIN.

ITC have likely peaked at (499.70) on 24th,JULY. Whether it’s a short term TOP or something above it, that we have to moniter going forward. If ITC fails to clear it’s high till 18th,AUGUST then it probably have registered a medium term TOP. So for investors next 3,weeks are extremely Important. For short term stock recently gave a squaring pattern breakdown in past week whose target objectives are 444 and 423 on cash in Coming days. All upsides till 477 should be utilize to sell.

NIFTY is about to end its BULLISH CYCLE today which started from 14th,JULY. We have continuously discussed 1st,AUGUST as an extremely important TIME CYCLE DATE, not only for NIFTY, TIME CYCLES are pointing a near term reversal for other global markets as well. Once MARKETS breaks critical levels we shall witness the PRICE correction to begin. Until then INDICES are likely to consolidate further. For NIFTY (19,562) and for S&P;500; 4487 continues to remain key support levels. Let’s see how long it takes for MARKETS to break these levels. As analyst we can expect anything, but as a trader we have to wait for conformation before we pull the trigger.

AXISBANK is intresting, there is a perfect double TOP at (990) , this level has been printed twice on 3rd,JULY and on 27th,JULY, also the difference between both highs is exactly 24,days. Anyone who follows (SQUARE,OF,12) would understand the importance of this sequence. this sequence is enough to mark a durable TOP. 1 more lower low below 942 would turn TIME comprehensively BEARISH. PRICE too would break a (HARMONIC PATTERN) below 942 which can drag prices till 904 and if that breaks then it would flash some warnings. More on that as and when that happens.

M&MFIN have broken down below 《45°》 ANGLE from it’s high of 346.55 which got registered on 4th,JULY. it’s a significant breakdown geometrically. As a trade, rally upto 310 should be utilized to enter shorts for downside objective of 262 which would coinside with 90° angle from TOP.

NIFTY with todays BEARISH outside BAR could find it challenging to print fresh highs. Since NIFTY took out (18,458) in MAY it is rising in a MATHEMATICAL sequence. It has been moving up with fixed VIBRATION rate so to break that PATTERN INDEX have to print (19,562) going forward. Once that breaks we should get a dipp or correction towards (19,375) and (19,140) immediately ahead. There is also a risk for a (HEXAGON) breakdown for NIFTY if that close a session below (19,430) so do take note of these levels. Globaly also activity should pick up. Tomorrow on july 28th, all U.S. INDICES would hit an extremely important TIME resistance from October 2022 low. We are watching 4487 on S&P cash as key reversal level. Watch out!

#MANAPPURAM have been consistantly printing fresh 52,week highs. For 70% of TIME in july series STOCK remained in F&O bann, still it managed to complete it’s near term target objective of 140 today. We discussed on this on 20th,JUNE. For near term the structure is mostly completed but for medium term setup have improved further. So we maintain our medium term projections of 175 in coming months.

ABCAPITAL have a strong structure, all PATTERNS are trending higher. STOCK remains in strong zone as long as it holds the print of 182 on cash. Holding 182 it should test zone of 207 to 225 in next few days. Once it enters this zone, STOCK would complete a (HEXAGON) rotation from its lows of 157. TIME wise it would enter a PIVOT zone between 28th,JULY to 3rd,AUGUST, good possiblity that stock achieves its target objectives within this TIME window.

NIFTY have still maintained its support of (19,562) on spot, dispite loosing its momentum. No weekness as long as this level is not printed. We discussed this last FRIDAY as well, (for MARKETS to scale further highs INDEX must hold its PATTERN support). TIME wise MONDAYS low is critical on closing basis, a daily close below MONDAYS low would push NIFTY below its PRICE support. Holding these levels we should get another fresh high around 1st,AUGUST and that should possibly terminate the rally for now. We have been discussing 1st,AUGUST as a critical date since past 2,weeks. Let’s see how MARkets reacts there, the entire next week would be important, because it would complete CYCLE rotation from last 3,calender lows on DAILY and WEEKLY TIME FRAME. with such strong CYCLE combination 9,out of 10 times we should get reaction of some category. Whether that lasts for short term or slightly longer that we should observe as and when that happens.