NIFTY have reached a critical support zone of 16,750-16,850 which I shared on Monday! This should be the last hope for BULLS! If this holds then there could be a recovery towards 17,150 if doesn’t then, the odds of going higher would reduce considerablly!
As traders we need rallies to add shorts! 16,550 is a possible target on downside! Which is an ending point of HARMONIC CHANNEL! Your entry matters if you are a short term trader! Structurally NIFTY is going back to JUNE lows!
Earlier in my mind I never had that doubt that we are not in a BULL MARKET! Posted that multiple times! Before posting TIME LINE I would like to see NIFTY breaking 16,750 and closing below it! Short term TIME CYCLES are definitely trending lower!

NASDAQ have achieved suggested Target of 10,800 last week, in a CHANNEL it is trending lower, upside resistance is at 11,450-11,600, as long as it stays under it, on downside 10,350 and 10,003 is possible in Coming weeks! In short term some recovery is due, then back to lows!

$S&P;500; has almost tested the JUNE lows! Matter of TIME, it will break it and go much lower! I have long pending target objective of 3,260! But for very short term, this fall have to take a pause!
On 21st,SEPTEMBER just before the FOMC meeting I explained the (PRICE and TIME) structure of S&P;500 in detail! Even during the August rally, I kept alerting investors that this is just a counter trend bounce!it will fizzle out, and eventually it fizzled out!
We are back to JUNE lows from august highs! Here PRICES should cool down. Should consolidate, even give a pullback towards 3,850 before further lows! Not to read much in rallies! They are natural will come and go!

NIFTY needs some pullback before further expansion on downside! As pointed yesterday, U.S. MARKETS would find some ground, that would help NIFTY to give a bounce, before next selloff! Would utilize bounce to short! Watching for 17,220 and 17,390 in this pullback!

DXY, continues to print fresh DECATE highs! Since late APRIL my view have been very bullish here! Back on 7th,september I posted Target off 112, DXY have achieved that and even have crossed that!
It is now running towards a Geometrical resistance of 115.50 for short term it may pause here! But if it doesn’t then something is seriously wrong in FOREX MARKETS! Primary objective is, it stays under 115.50 and consolidate!
For medium term, technically I see no reasons why it should not test, levels of 120 and 127 in next few months! Let’s see, as per CYCLES something major is about to strike, which would re-shape asset prices!

RELIANCE is moving on expected path, on 29th,Aug when it had its AGM, I Posted 2 break away points here! They were 2550-2700, prices then broke 2550 and headed lower!
Today it even broke 2400 on cash! This correction would go to another level if it breaks 2365, below 2365 we can expect levels of 2305 and 2255 on cash positionally! TIME CYCLES also are Trending lower here!

NIFTY achieved another Target of 17,166 today! TIME to take majority profits here! And wait for bounce to re initiate shorts! Things would get wild here so need to stay carefull!
U.S. MARKET would point towards some pullback in next 2 days, so that could provide some breathing space to markets! For NIFTY final Line of support is at 16,750-16,850 on spot!
Good bounce possible if this holds, if doesn’t then?… PRICE structure of NIFTY have damaged considerably! Patterns like HARMONIC CHANNEL and HEXAGON are pointing extreme pressure ahead! More on that later!

NIFTY achieved my Target of 17,410 on spot Today! Since last Friday my view had been absolutely clear, that market had turned lower, and we will see NIFTY go down towards 17,410 and 17,166 in Coming days!
On tuesday afternoon I openly shared my SHORT TRADE on NIFTY! I don’t do that usually, it’s not that easy to keep holding your view, when people are ultra bullish! No one likes when you talk bearish! But I always prefer to follow my methods!
Another point I shared was to use your experience, because if you don’t use that when it needed the most then it’s use less! From here it’s easy to say, sell on rise! But I will now convert my futures positions into OPTIONS! And keep that approach to sell rallies!
Next on NIFTY is 17,166, with or without a bounce! Those who understand CYCLES knows what next after that! Those who don’t they keep buying the dipp! But at your own risk!

KOTAK;BANK is Breaking down: initial sell signal was flashed on wednesday morning, many would be aware on that! Setup is sell on rise, till 1900 for Pattern Targets of 1760 and 1705 on cash, in Coming days!

HDFC;BANK, would give multiple pattern breakdown below 1437, setup is week! Targets on downside would be 1380 and 1325 on cash! It has under performed on upside, should out perform on downside!