As out of station therefore unable 

to post today(03-01-2025) Outlook. 

Watch today highest amid 

upward moves expectations

Nifty-Intra Day Chart Analysis & 

Market Outlook(02-01-2025)

Nifty-Intra Day Chart (01-Jan-2025):-

Technical Patterns formation in today intraday charts

1- Consolidation between 23563-23658

2- Sharp up

3- 3 Times consolidation between 23690-23753

4- Whole day actual trading between 23563-23822

Conclusions from intra day chart analysis 

Although firstly down moves after negative opening and Nifty traded 82 points down also but good intraday consolidation was seen yesterday and fresh consolidation developed today also therefore after that sharp up moves seen. As 3 times consolidation between 23690-23753 in last hours also therefore upward moves are expected towards today highest and sustaining it beyond should also be firstly watched because Nifty could not sustain at higher levels also.

Upward moves expectations towards

 next resistances

Nifty-Intra Day Chart Analysis &

Market Outlook(01-01-2025)

Nifty-Intra Day Chart (31-Dec-2024):-

Technical Patterns formation in today intraday charts

1- Consolidation between 23461-23543

2- Up moves with downward corrections

3- Consolidation between 23578-23603

4- Consolidation between 23623-23657

5- Whole day actual trading between 23461-23689

Conclusions from intra day chart analysis 

Although all the US markets closed 0.97% to 1.56% down yesterday but Nifty traded with Mixed Patterns formation in last 2 hours between 23600-23701 yesterday therefore we told following conclusive line at 02:57 AM today in "Sustaining beyond 23600-23701 will confirm next intraday decisive moves beginning":-

As Mixed Patterns formation in last 2 hours between 23600-23701 therefore firstly sustaining beyond this range should be watched tomorrow for next intraday decisive moves beginning confirmations.

Sustaining beyond 23600-23701 was told and Nifty closed within this range at 23644.80 with today highest formations within this range at 23689.85.

As all the opened Asian markets were also trading in Red today morning therefore firstly downward moves were seen after weaker opening but lower levels consolidation developed and whole day consolidation patterns were also seen therefore upward moves are expected above today highest(23689) and towards next resistances(23846-23915) tomorrow.

Sustaining beyond 23600-23701 

will confirm next intraday 

decisive moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(31-12-2024)

Nifty-Intra Day Chart (30-Dec-2024):-

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel

2- Up moves with downward corrections

3- 2 Times sharp up moves

4- Selling between 23846-23915

5- 2 Times sharp down moves

6- Mixed Patterns formation between 23600-23701 

7- Whole day actual trading between 23600-23915

Conclusions from intra day chart analysis 

Although firstly down moves after negative opening and Nifty traded 101 points down also but these down moves were in Bullish Falling Channel which is a consolidation pattern therefore upward moves started. As these up moves were with downward corrections which is also a consolidation pattern therefore 2 times sharp up moves were seen and Nifty recovered all intraday loss and traded 100 points up also. 

As higher levels selling developed and intraday selling was seen in previous sessions also above today highest therefore 2 times sharp down moves developed and Nifty closed near the lowest of the day after loosing all intraday gains. As  Mixed Patterns formation in last 2 hours between 23600-23701 therefore firstly sustaining beyond this range should be watched tomorrow for next intraday decisive moves beginning confirmations.

Long Term Trend is at stake & watch

 levels for its formation confirmations

Technical Analysis,Research & Weekly

 Outlook(Dec 30  to Jan 03,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (27-Dec-2024):-

Technical Patterns and Formations in EOD charts

1- Corrective Wave-C of Wave-(ii) of Wave-3 completion at 18837.80 on 26-10-2023 and impulsive Wave-(iii) of Wave-3 beginning. 

2- Impulsive Wave-(iii) of Wave-3 completion with new life time top formations at 26277.30 on 27-09-2024 and Corrective Wave-A of Wave-(iv) of Wave-3 of "ABC" correction beginning.

3- Corrective Wave-A of Wave-(iv) of Wave-3 completion at 23263.20 on 21-11-2024.

4- Corrective Wave-B of Wave-(iv) of Wave-3 completion at 24792.30 on 13-12-2024.

5- Corrective Wave-C of Wave-(iv) of Wave-3 continuation with recent bottom formations at 23537.30 on 20-12-2024

6- Last 6 Sessions trading between 23538-24065

Conclusions from EOD chart analysis

(Waves structure)

Impulsive Wave-(i) of Wave-3 completed at 20222.4 on 15-09-20235 and from this level "ABC" correction started. Corrective Wave-C of Wave-(ii) of Wave-3 completed at 18837.80 on 26-10-2023 and from this level impulsive Wave-(iii) of Wave-3 begun. 

Impulsive Wave-(iii) of Wave-3 completed after new life time top formations at 26277.30 on 27-09-2024 and corrective Wave-A of Wave-(iv)of Wave-3 begun which completed at 23263.20 on 21-11-2024. Corrective Wave-B of Wave-(iv) of Wave-3 started from this levels which completed at 24792.30 on 13-12-2024. From this levels corrective Wave-C of Wave-(iv) of Wave-3 begun which is now in continuation with recent bottom formations at 23537.30 on 20-12-2024. 

144 Points downward gap(24405-24149) formation on 19-12-2024 and after that long Black Candle formation was seen between 23538-24065 on 20-12-2024. Nifty traded all the 4 sessions of previous week within the range of this Candle and last 6 trading was also within the range of this Candle which means that Nifty is preparing for next bigger moves between 23538-24065 for the last 6 sessions. As 84 points gap(24065-24149) is still lying above the highest of last 6 sessions trading range(23538-24065) and this gap is immediate resistance of Nifty as well as until this gap will not be filled up through Nifty moving above 24149 till then any up move will not be seen therefore firstly filling of this gap should be watched for any upward move beginning confirmations.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (27-Dec-2024):-

Technical Patterns and Formations in EOD charts

1- Stochastic- %K(5) line has intersected %D(3) line upward and its both lines are rising above Over sold zone.

2- Stochastic:- %K(5)- 38.24 & %D(3)- 27.02.

3- In MACD- MACD line has intersected Average line downward and its both lines are falling in positive and negative zone.

4- MACD(26,12)- -286.09 & EXP(9)- 122.38 & Divergence- -408.47

Conclusions from EOD chart analysis

(Stochastic & MACD)

Technical positions of Short Term indicators are as follows:-

1- As in Stochastic its %K(5) line has intersected %D(3) line upward and its both lines are rising above Over sold zone therefore it will be understood that this indicator is showing Short Term upward moves beginning stronger signals.

2- As in MACD its MACD line has intersected Average line downward and its both lines are falling in positive and negative zone therefore it will be understood that this indicator is signalling Downward Trend formation and suggesting more downward moves beginning possibility.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (27-Dec-2024):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 23726 

2- 21-Day SMA is today at 24267

3- 55-Day SMA is today at 24296

4- 100-Day SMA is today at 24642

5- 200-Day SMA is today at 23861

Conclusions from EOD chart analysis

(Averages)

Nifty is trading between Intermediate Term Trend decider 55-Day SMA and Long Term Trend decider 200-Day SMA for the last more than 3 weeks. Firstly Nifty faced resistance after 8 sessions hovering around 55-Day SMA and from this level moved down 1100 points sharply as well as now hovering around 200-Day SMA for the last 6 sessions. Short and Intermediate Term Trends are down and now Long Term Trend is at stake as well as finally sustaining beyond its decider 200-Day SMA will confirm its next trend formations and resultant that sided bigger moves beginning which should be watched for its confirmations in the coming week/weeks.

Nifty-Intra Day Chart Analysis

(27-Dec-2024)

Nifty-Intra Day Chart (27-Dec-2024):-

Technical Patterns formation in today intraday charts

1- Consolidation between 23817-23856

2- Sharp up

3- Selling between 23906-23938

4- Down moves with upward corrections

5- Mixed Patterns formation in last 3 hours between 23803-23872

6- Whole day actual trading between 23801-23938

Conclusions from intra day chart analysis 

As firstly consolidation after positive opening in first hour therefore after that sharp up moves were seen but higher levels selling developed hence could not sustained at higher levels and downward moves begun. Although firstly down moves were with upward corrections which is a intraday selling pattern but lower levels Mixed Patterns formation were seen in last 3 hours between 23803-23872 therefore expected that Nifty will firstly trade and prepare for next decisive moves within and near about this trading range.As finally sustaining beyond this trading range will generate first strong signal of next immediate decisive moves beginning therefore it should be firstly watched in the next week for its confirmations.

Conclusions

(After putting all studies together)

1- Long Term Trend is at stake.

2- Intermediate Term trend is down.

3- Short Term Trend is down.

"ABC" correction which started after impulsive Wave-(iii) of Wave-3 completion with new life time top formations at 26277.30 is in continuation through its corrective Wave-C of Wave-(iv) of Wave-3 continuation with its recent bottom formations at 23537.30 on 20-12-2024 and no confirmation of its completion yet on EOD charts.

Although Short Term indicator Stochastic is signalling upward moves beginning possibility but another Short Term indicator MACD is showing downward Trend formation also therefore it will be concluded from Short Term indicators analysis that finally downward moves will be seen after some upward moves. 

As Nifty is trading for the last 6 sessions between 23538-24065 and hovered around Long Term Trend  decider 200-Day SMA(today at 23861) also during these moves therefore it is confirm that now Long Term Trend is at stake and finally valid break out direction of this last 6 sessions trading range will confirm Long Term Trend formations and one sided bigger moves beginning according to its break out direction. Immediate supports and resistances of Nifty are as follows which should be watched one by one for fresh signals of Long Term Trend formation confirmation:-

Next supports in last 6 sessions trading range

1- 23706-23773

2- 23648-23708

3- 23298-23337

Next resistances in last 6 sessions trading range

1- 23892-24065

2- Gap(24066-24149)

3- 24204-24266