NIFTY UPDATE

NIFTY, still not under woods
A punch from TIME, would break 15,920 with a flash
As far as this cycle completes, I still would keep my objective for 16,200 on table
I dont mind price voletility
It sounds messy, but cycles are still not supportive for a down move
No one is allowed to break the rules
I still would prefer long trade over the short trade, for extreme short-term
I am OK if trades fail, but wont go against, HARMONIC CYCLE

NIFTY UPDATE

NIFTY, has stuck between the tussle of PRICE and TIME
We can’t do much about TIME, but PRICE have critical PATTERN support at 15,500-15,600 on spot
Things still stands where they were
Personally not intrested to go short till next week
Would hold on, before adding fresh positions
PRICE would aline with TIME above 15920 on spot
Next week would be very critical on TIME FRONT
Specially monday and friday
Because they would be, Pattern date and Vibration Date respectively
Not a TIME yet, to take aggressive trades

DOW UPDATE

#DOW, have a critical channel support at 30,750, as far as it holds expects level of 31600 and 32200 in near,term
The pullback in U.S. MARKETS, still look’s incomplete to me
There may be still some upside before the resumption of downside
A break of 30,750 would put INDEX sideways
S&P;500 and NASDAQ, also have some upside to work with
TIME for now is not an issue
Let’s se how it goes

INFY view

INFY, have completed all Bearish Targets, which were shared earlier in MARCH/APRIL
Now the low at 1367 could act as a strong support going forward for medium term
In short,term a print above 1502, would trigger a pattern breakout, which would signal Targets of 1560 and 1610 on cash positionally
I do expect I.T. stock to lead the counter rally on NIFTY
For now let’s not get into the debate on bottom on NIFTY I.T.
Let’s give some more time to the setup
Till then let’s conservatively participate in I.T. rally
With appropriate risk management

NIFTY UPDATE

NIFTY, still have that support from TIME
As I had mentioned several times, in past few days
Atleast, till 8th,July, TIME, is supportive for a counter trend bounce
And TIME does have it’s own speed, which cannot be manipulated
So, as Traders, we have to respect TIME, and its INDICATIONS
Price fluctuations, is not an appropriate way to forcast market moves
Still decent TIME left for this cycle to complete,
Still for this cycle, my price objectives, are not yet met
16,200 has been my expectation, with support from TIME till 8th,july, I still expect print of 16,200 on spot
In case I se setup turning, would defenetly update
Trading positions has to be managed wisely, it’s just a counter trend bounce
Which still seems incomplete
Once it completes trades would be again aligned with the primary trend which is bearish
But for now better to wait for few objectives to complete

NIFTY UPDATE

NIFTY, broke the Geometrical resistance of 15,750, with a Gap, on VIBRATION DATE
The gaps on VIBRATION,DATE needs to be traded carefully
But they do signal continuation of the trend in short,term
Anyways I did expected, the level of 15,750
to break, only point was how it breaks
After todays Gap,up NIFTY is closer to complete the pullback target of 16,200
Sooner or later NIFTY, would go there
And even can go slightly higher before next leg on downside begins
Since things are looking, extremely strong this morning, would suggest everyone to, go through my posts, dated 16th,June and 20th,June in which I clearly mentioned on a durable bounce upto 16,200 before next leg on downside
MARKETS, so far has performed on anticipated lines
This upside can still last till next week
Because 1st,week of July would complete critical TIME PIVOT, in (HARMONIC TIME CYCLE)
Above 16,200 need to approach carefully
Personally just focused on INDEX for this pullback
Would prefer to short stocks, on short side
Once this bounce ends
Would UPDATE when I reverse my positions
For now let, MARKETS accross continents to vitnes a relief rally

NIFTY UPDATE

NIFTY, Today had made high at 15,749 on spot
During the week, I high,lighted this level couple of times
It still remains a strong Geometrical resistance
Even,though I still expect this to break on upside
Only point is whether, it breaks during market or with a Gap
Yesterday with all the ups,and,downs of price
I re,instated the TIME setup which was indicating upside
In positional Trading we have to take TIME,CYCLE as a critical element
There are some rules which should not be violated in (LAW OF VIBRATION)
I still maintain my view
That, in short term, markets can go bit higher, before they turn lower
Managing positions would be the key
Monday is next VIBRATION DATE
Let’s se, how it goes from here

MARKET UPDATE

NIFTY has gone in Zig-zag mode
We are back to a pattern which we witnessed during the end of (APRIL) and end of (MAY), this market would go nowhere, still it will keep you on the edge of your seat
The problem is PRICE, TIME is fine for now
In such market, intraday trades are best
But positionally upside still looks incomplete to me
Next TIME test for this market is on 27th,June
Till then markets could swing both ways
Plenty of TIME left for this cycle to complete
TIME does not allow me to go short for now
Can’t do much about that
As far as U.S. MARKETS, are concerned, I need a daily close above Tuesdays high
On all 3,INDICES
for a bullish TIME

NIFTY UPDATE

NIFTY, giving a rally on (HARMONIC DATE), have strong implications going forward for short,term. A daily close above 15,630, would signal a, (SQUARING PATTERN) breakout
Targets would be, 15,850 and 16,050 on spot, positionally
Geometrically 15,750 is a very critical level
Need to watch it closely
But with support from TIME CYCLES, this level should go through, soon
Need to manage positions wisely
16,200;+ is my objective for this counter move
Watch-out
Shared TIME,CYCLE dates on 2nd,june