NIFTY for very short-term have VIBRATION PATTERN resistance at 17,450
Setup remains very bearish for near term below 17,450
As long as it stays under it it can test 17,050 on downside.NIFTY BANK should increase pressure

RELIANCE; have its AGM in sometime from now
Before that the setup is equally poised
No strength exists as long as it stays under 2700 on cash
Pattern breakdown is placed below 2550
Not interested on longs so would look for it to sustain below 2550
Expecting it to break 2550 in coming days
And test 2450 and 2375 on downside

USD-INR: has printed 80 on spot today
When DXY has posted a new multi year high, it makes sense to take a look at currency markets! There is something very major going on currency markets!:
The manner in which DXY is going up can potentially re-shape structure of many financial assets
Technically this upmove in $ is nowhere near over
Would be an interesting times for EQUITY MARKETS!:
USD-INR has almost achieved all Targets above 78 which were shared on 9th,june! From here 79 would be a strong support
On upside would rivise targets to 83 and 85
The peaceful long trade on $ continues which started from February!”

NIFTY; got that BREAK-AWAY gap which was needed to push down prices; earlier had projected target of 17,100 on spot which is yet to be printed! Until that happens all rallies would be sold!:
On TIME front today’s low would be critical on closing basis; but more important would be 2nd,september, which would be a TIME SQUARING date this date would be falling after 19th,aug so holds greater significance!:

NIFTY TRADERS; are getting run-away GAPS; which are of no use! This market needs a BREAK-AWAY GAP to travel steadily on one direction! I already mentioned levels yesterday!”
I made my expectations very clear yesterday
Continue to hold that view! Recently I have been sharing only short-term levels but for medium term I am still very much BEARISH So just making that point clear!:
Many fellow traders have opposed my view very aggressively but I really cannot do much about that
We do not post views to satisfy the majority of traders!”
If you have a bullish view then go long, it’s as simple as that
There is no point writing lengthy messages in my DM, and sharing fancy charts
It needs good amount of confidence to share view publicly
Earlier I share my target of 14,400 on NIFTY spot! Which has been my minimum expectations since MARCH! As an investor I won’t put my money in this market until I see 14,400 on a screen near me!”
Retail Traders are manipulated; to concentrated on ATH, people are busy giving 19,000 and 21,000 targets
But won’t tell you what happens after that
Because these SOCIAL MEDIA TECHNICIANS does not have a road map for that!:
For many, june lows of 15,183 is a low which would never break
But TIME CYCLES have something else to say
But wait! No,budy is interested to know that!”
And when this cycle will end, no one would be left in market who have been investing on fundamental reasons
Let’s see who servives till then! Markets are always above anyone’s analysis
As Analysts and Traders we just have to keep following our process!”
In short-term there are opportunities on both sides, but for long-term the over-all structure for EQUITY MARKETS is HORRIBLE
Stay alert, or wait for markets to square you off for ever!”

NIFTY stretching this bounce as anticipated yesterday. 17,750 is a key level to watch. For a textbook reversal both on PRICE and TIME; NIFTY have to take out the high of 17,992 printed on 19th,Aug!:
If it fails to do; then level of 17,100 should come till 1st week of September. 2,days back I posted NIFTY would give a SQUARING PATTERN breakdown if it closes below 17,550 but that dint happened!:
As long as SQUARING PATTERN stays sideways; NIFTY would keep swinging both ways in this 3% band!”

NIFTY after taking support at 17,345 which was a critical support! Has given an orderly bounce
This may stretch further; but won’t sustain beyond a day or two!”
Gradually NIFTY would break yesterday’s low of 17,345 and would also break 17,100 key would be too managed trade keeping extra amount of TIME! FOR short-term trading setup remains sell on rise!:

DXY; back above 109, after some consolidation; as long as stays above 107 expect test of 110.50 and 112 very soon! DXY is in it’s own BULL MARKET!”
Won’t repeat what it means for Emerging Markets
Ultimate targets on DXY is way too high from current levels
I am sure, no one would be interested in it! So would go step by step!”
The velocity of this rise, has made my bullish view on precious metals; under some review
As far as, GOLD and SILVER holds July lows, would continue to maintain my view! DXY would decide the faith of other asset classes in Coming days
Watch,out!”

NIFTY; bounced exactly from TIME PATTERN support of 17,348-17356 which was mentioned yesterday. Last Friday I mentioned that, this dipp has to take down top of previous HARMONIC CYCLE WHICH was 17,356 NIFTY today have done that!” Good part is volatility is back. So 200-300 points swings are back. Stay away, if you cannot handle this volatility. Because this is here to stay!”
NIFTY is on a vurge of a SQUARING PATTERN breakdown. Not confirmed yet; today’s closing if happens below 17,550, then it will conform. Let’s wait!”
Today also being a PATTERN DATE, HARMONIC TIME CYCLES are pointing towards more pain ahead! Sharp bounces would always on cards, but this time, keeping with TIME direction
Need to keep more flexible approach!

NIFTY; mostly have squared out its PRICE on Friday
Because 19th,Aug was TIME SQUARING DATE, it’s high and low would be critical till next TIME SQUARING DATE
As per short term TIME CYCLES as long as market stays under Fridays low; its bearish
And this applies to all assets!”
On PRICE FRONT 1 point I would like to mention here. From it’s high NIFTY today have corrected more then 420 points
Few days back I explained why any dipp which exceeds 420 points from top, would be very critical!”
Other then that: few other possibility also exists, 17,348-17,356 holds as TIME PATTERN support
Major PRICE PATTERN support comes in zone of 17,100-17,250 on spot
Would spell it in more detail when it goes there
After testing the confidence of BEARS; MARKET would now test confidence of BULLS; Whoever lasts till end would take it away
Lot has been said on TIME CYCLES in last 3 weeks
Market would surely give reactive response to such analysts