NIFTY broke the support zone of 18,020-18,060 which was mentioned yesterday. So things finally are coming to an end: as far as this rally is concerned. It doesn’t have to turn immediately, but we have that signal to start adding SHORTS.
A daily close below 18,017, which was the low of TIME SQUARING DATE would conform more weakness ahead. If U.S. MARKETS also break 4th,NOVEMBER low, then it would be a coordinated decline across all markets.
NIFTY BANK is still holding its support, even a break of 41,000 is required. May not go much far above yesterdays high, but to turn down supports must break. PSU BANK INDEX also doesn’t have incremental upside going forward.
So let’s see whether MARKETS turn down from here or there is 1 more attempt higher which could be pushed by NIFTY BANK. 1 thing is certain from today, we have completed the upside, bounce if any would be a selling opportunity.

$S&P;500; is Largely waiting for the CYCLE DEVIATION to end. If the MARKET would had been strong then it must had printed 4,050 till now. But it is still Trading around 3,850.
Doesn’t have much TIME now, on 25th,OCTOBER we expected the BOUNCE to last till mid NOVEMBER, we are almost there, next week we would complete this TIME window. So if this rally still have to reach,
Closer to 4,000 Then it must happen till next week. On phlip side, if U.S. INDICES, break the low of 4th,NOVEMBER then this rally officially will end at that point, and all short term BULLISH equations would vanish.
So it’s just a matter of TIME now, before we again turn heavily BEARISH on U.S. MARKETS, Either below the low of 4th,NOVEMBER, or above 4,000-4,050, let’s see, friday 11th,NOVEMBER key CYCLE DATE for $S&P,

NIFTY has printed an important GANN CARDINAL number at OPEN: but holding its supports very well.
Supports have moved further higher to (18,020-18,060) on spot.
As long as this holds this upmove can continue further.
NIFTY BANK also have printed a higher high above SEPTEMBER highs. Doesn’t really change the trajectory but can provide more bounce for short term TRADERS. Here also the show can continue only as long as the supports are held.
Which as of today are placed at (40,500-41,000) on cash. This upmove can stretch for another week, if these supports are held. After that irrespective of PRICE TIME would be considered again BEARISH from 21st,NOVEMBER.
So just take is at Trading bounce, don’t presume for 20% more from Here. It’s not that type of MARKET which will consolidate here give a dipp, and then continue Higher.

NIFTY have taken out the high of 18,179, today. Last week we thought that we are ending this rally. But that required the conformation: which dint came. The conformation would had came, if NIFTY would had printed 17,950 on spot!
It went very close but some how managed to protect that. So we dint got that SHORT signal. Anyways since 2nd,week of OCTOBER: I had been skeptical to SHORT this MARKET. Still I kept posting the support levels, which till today has been saved or protected!
There were multiple developments on PATTERNS and CYCLES which suggested a decent rally: after the decline which took place in 2nd,half of SEPTEMBER. Now the tough part of this view was, how far this could had stretched?
Today we know that answer, at that point I preferred to focus only on TIME&PATTERN supports, which worked throughout and is still working well. I wasn’t really interested in guessing the TOP: Because it’s tough
To call a TOP of a move which is coming out of a CYCLE DEVIATION! It only can end with a break of a PATTERN support. or after completing a CYCLE rotation. Its definitely not a trend!
I know this point wont go well with RETAIL TRADERS. But things still have not changed: finally to put it in technical terms, once we have the TOP of this rally. NIFTY can go back
To JUNE low of 15,183 in 66% of TIME, starting from 17th,june to X,day of NOVEMBER: For example if it takes 100 days from LOW to HIGH it would only take 66 days to go back to LOW from HIGH!
From days I mean Trading days not Calender Days. So let’s wait to TRADE that move, once this rally ends: so far it has not ended until supports are held. TIME wise max it can continue only till next week!
Suppose if it keeps rising till next week, then PRICE wont matter, whether it breaks 18,604 or not. The end result is not going to change. From here better to take 1 day at a TIME, And keep focusing on supports!

NIFTY have created a very narrow range on both (TIME CYCLE DATES). This ideally means we would get Trending move ahead. Which perhaps could be on downside once 17,950 breaks on spot. It’s just taking more TIME, to complete formalities!
In textbook terms once MARKETS sustain below Todays Low, and protects 18,200 on upside, we would witness Decent decline which shall last Till 21st,NOVEMBER. Same set of rules will apply to (NIFTY BANK) as well!
For U.S. MARKETS yesterdays low would be very critical. A daily close below yesterdays low would eliminate possibility for a deeper pullback which I anticipated earlier. So things are very clear. Now it depends on MARKETS, at what point it triggers the plug, till then need to relax!

NIFTY is still holding its support of 17,950, but structure is pointing that we ideally would break that soon! As mentioned yesterday something have completed at yesterdays high of 18,179! But further conformation is needed to call it a TOP!
NIFTY BANK also seems ending this move, anyways it dint went above SEPTEMBER highs! Thought to write a seperate post on that, but quite short of TIME these days!
40,500 is a support on rising Geometrical Channel once taken down move towards 38,000 should unfold gradually! Sooner or later should move towards projected path which I shared in SEPTEMBER!
Coming to U.S. MARKETS now! Todays low whatever is made during the day, would be critical! If we get continues close below todays low that would make us conclude that bounce there has ended!
For NIFTY tomorrow’s TIME SQUARING date would be important! Whatever we are expecting, markets may validate from tomorrow! So let the screen conform then chase the move!

NIFTY; may have completed something at Todays High, but is it just a Temparary pause or something beyond that, that we have to see, going forward! I would like to see it as primary indication of reversal, but
That also would require further price conformation! The support areas are still the same, which were mentioned yesterday! 17,950 is the nearest support level!
This rally is coming to an end both on (PRICE and TIME), Parameters! Once the supports are broken it would get easy to calculate, how deep or shallow coming correction would actually could take place!
Things would get intresting from tomorrow, because not only markets will react to an event! But they also will face test from TIME tom is (VIBRATION DATE) followed by (TIME SQUARING DATE) on Friday!

NIFTY; continues the rally, holding its supports! The thing we have been focusing since 19th,OCTOBER, is (SUPPORTS)! For now supports have shifted higher to 17,839-17,950 on spot!
As long as these supports holds it’s not possible to attempt a short trade! Let’s see how long market manages to hold its support zone! These numbers would come higher if this rally stretches further!
For now, 17,950 is a number to watch out! Once this is printed, we would then look for selling opportunities! !

NIFTY; is moving higher but with very low momentum, never the less, it has managed to protect its supports so far, the break of 17,850 have shifted supports higher to, 17,630-17,760 on spot! The nearest support from here would be 17,760 as long as this level holds, the rally will continue!
As posted earlier (U.S. MARKETS) would rally more and (INDIAN) markets would relatively under perform them, so far that has happened on expected lines! Going forward DOW, is in its final stage for completing this bounce
But S&P and NASDAQ have still something left on upside!
Until this bounce actually completes in U.S. things would be quite irritating for INDIAN TRADERS! Because markets are not rising in a manner in which they should rise!
On TIME front, 3rd,NOVEMBER and 4th,NOVEMBER are critical TIME;CYCLE;DATES! 3rd,being a (VIBRATION;DATE) and 4th, is more important because that’s (TIME;SQUARING;DATE), MARKETS recently have worked very accurately on (TIME;SQUARING;DATES)!
Previous (TIME;SQUARING;DATE) was on 19th,OCTOBER and MARKETS were not able to give a daily close below that days low: let’s see, how things goes this TIME! A reversal trade will open up, once we get a daily close below the low of (TIME;SQUARING) DATE!
This applies to all MARKETS!

NIFTY; is struggling to move higher, but not able to go lower as well! Short term (TIME CYCLES) are neutral as of now, a break of 17,850 can push prices higher above 18,050 on spot! On downside strong support is at 17,550 followed by 17,400 which continues to be a critical level!
U.S. MARKET have not completed its pullback Technically, so (NIFTY) May not match their upside, but can under;perform on relative basis! Anyways (NIFTY) have under;performed $S&P;500 Since last week! So better not to enjoy watching over;night futures!
We are not in a Trending Market, hens trades has to be taken wisely! The larger trading opportunity will come when (U.S. MARKETS) completes their pullback, but until that completes, the 1 or 2 days of correction there, would add more pressure here!
Its obvious that people have again started to hope for fresh 52,week highs on INDICES, Anyways it’s just a number for me, not that easy to go there, and on Phlip side if 17,400 breaks, then it’s very unlikely! So no matter what you think, (but trade tactically),!