Firstly watch next resistances after Donald Trump imposing and relaxing Tariffs decisions
Technical Analysis,Research & Weekly Outlook
(Apr 15 to Apr 17,2025)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (11-Apr-2025):-
Technical Patterns and Formations in EOD charts
1- Corrective Wave-C of previous Waves structure "ABC correction" completion at 15183.40 on 17-06-2022 and Impulsive Wave-1 of new Waves structure beginning.
2- Impulsive Wave-1 completion at 18887.60 on 01-12-2022.
3- Corrective Wave-2 completion at 16828.30 on 20-03-2023.
4- Impulsive Wave-(i) of Wave-3 completion at 20222.45 on 15-09-2023 and Wave-A of "ABC" correction beginning.
5- Wave-A of Wave-(ii) of Wave-3 completion at 19333.60 on 04-10-2023.
6- Wave-B of Wave-(ii) of Wave-3 completion at 19849.80 on 17-10-2023.
7- Wave-C of Wave-(ii) of Wave-3 completion at 18837.80 on 26-10-2023 and impulsive Wave-(iii) of Wave-3 beginning.
8- 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.
9- Corrective Wave-A of Wave-(iv) of Wave-3 completion at 23263.20 on 21-11-2024.
10- Corrective Wave-B of Wave-(iv) of Wave-3 completion at 24857.80 on 05-12-2024.
11- Corrective Wave-C of Wave-(iv) of Wave-3 continuation with recent bottom formations at 21743.70 on 07-04-2025 and Pull Back Rally beginning from this level.
12- Pull Back Rally continuation with recent top formations at 22923.90 on 11-04-2025.
Conclusions from EOD chart analysis
(Waves structure)
Corrective Wave-C of "ABC correction" of previous waves structure completed at 15183.40 on 17-06-2022 and from this level Impulsive Wave-1 of new Waves structure begun which completed at 18887.60 on 01-12-2022 and from this level corrective Wave-2 started which completed at 16828.30 on 20-03-2023. Impulsive Wave-(i) of Wave-3 begun from this level which completed at 20222.40 on 15-09-2023 and from this level corrective Wave-A of "ABC" correction of Wave-(ii) of Wave-3 started which completed at 19333.60 on 04-10-2023. Wave-B begun from this level which completed at 19849.80 on 17-10-2023 and Wave-C started which completed at 18837.80 on 26-10-2023. Impulsive Wave-(iii) of Wave-3 begun from this level which completed with new life time top formations at 26277.30 on 27-09-2024 and corrective Wave-A of Wave-(iv) of Wave-3 started from this level.
Corrective Wave-A of Wave-(iv) of Wave-3 completed at 23263.20 on 21-11-2024 and Wave-B of Wave-(iv) of Wave-3 begun from this levels which completed at 24857.80 on 05-12-2024 and from this levels corrective Wave-C of Wave-(iv) of Wave-3 started which is now in continuation with recent bottom formations at 21743.70 on 07-04-2025 and no confirmation of its completion yet on EOD charts. Pull Back Rally which begun from the lowest of on going is now in continuation with recent top formations at 22923.90 on 11-04-2025 and no signal of its completion also on "EOD" CHARTS
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (11-Apr-2025):-
Technical Patterns and Formations in EOD charts
1- Stochastic- %K(5) line has intersected %D(3) line upward and its both lines are rising from Over sold zone.
2- Stochastic:- %K(5)- 55.00 & %D(3)- 39.71.
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)- -26.06 & EXP(9)- 391.10 & Divergence- -417.16
Conclusions from EOD chart analysis
(Stochastic & MACD)
Technical positions of Short Term indicators are as follows:-
1- As in Short Term indicator Stochastic its %K(5) line has intersected %D(3) line upward and its both lines are rising from Over sold zone therefore it will be understood that this indicator is showing signals of on going upward moves continuation possibility in the coming week.
2- As in MACD indicator 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 Short Term downward trend formations and resultant downward moves beginning possibility also.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (11-Apr-2025):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 22565(Very Short Term Trend decider)
2- 21-Day SMA is today at 22983(Short Term Trend decider)
3- 55-Day SMA is today at 22966(Intermediate Term Trend decider)
4- 100-Day SMA is today at 23392
5- 200-Day SMA is today at 24055(Long Term Trend decider)
Conclusions from EOD chart analysis
(Averages)
As 1180 points strong recovery from lower levels after huge gap down opening in the beginning of previous week therefore Nifty closed above 5-Day SMA but all the trends are still down because all the Short to Long Term Trends deciding averages are still above previous week closing. Let Nifty to sustain above Trend deciding Averages one by one then that Trend will be up accordingly.
Nifty-Intra Day Chart Analysis
(11-Apr-2025)
Nifty-Intra Day Chart (11-Apr-2025):-
Technical Patterns formation in today intraday charts
1- Consolidation between 22860-22923
2- Consolidation between 22770-22795
3- Down moves in Bullish Falling Channel
4- Whole day actual trading between 22737-22923
5- Whole day trading between 22696-22923
Conclusions from intra day chart analysis
As only upward moves after 226 points gap up opening at 22695.40 and Nifty closed 1.92% up also with only intraday consolidation patterns formations as well as intraday selling patterns were not seen therefore upward moves are expected above last Friday highest in the beginning of next week.
Conclusions (After putting
all studies together)
1- Short Term Trend is up.
2- Intermediate Term Trend is up.
3- Long Term Trend is down.
Impulsive Wave-1 of new Waves structure which begun from 15183.40 on 17-06-2022 is now in continuation through its corrective Wave-C of Wave-(iv) of Wave-3 which is also in continuation with recent bottom formations at 21743.70 on 07-04-2025. A strong Pull Back Rally started from this level which is also now in continuation with recent top formations at at 22923.90 on 11-04-2025.
Although Averages are suggesting that all the trends are down and Short Term indicator MACD is also signalling Short Term downward trend formations and resultant downward moves beginning possibility also but another Short Term indicator Stochastic is showing signals of on going upward moves continuation possibility in the coming week and intraday charts of last Friday are also suggesting fresh upward moves beginning possibility in the beginning of next week Short Term upward moves are expected in the beginning of next week.
Previous week huge volatility was due to Donald Trump tariffs decisions because Nifty opened 1099.1 points gap down on Monday after crashing like situation in all the Global Financial Markets after Donald Trump sweeping tariffs imposing decision on many countries in whole world. As US suspends additional 26% tariff on India till July 9 and 90-day pause on reciprocal tariffs is a relief for Indian exporters therefore strong recovery was also seen from lower lecvels and Indian markets recovered almost whole last Monday loss. Nifty recovered 1180.2 points from lower levels in previous week and also filled up 1099.1 points Downward Monday gap on last Friday.
Next supports below last Friday closing are as follows:-
1- 22770-22795
2- 22271-22424
3- 21825-22021
As firstly on going Pull Back Rally continuation is expected in the beginning of next week therefore firstly sustaining beyond following next resistances should be watched in the coming week for next decisive moves beginning confirmations:-
1- 23238-23306
2- 23437-23565
3- 23664-23736
4- 23791-23851
As corrective Wave-C of Wave-(iv) of Wave-3 continuation with recent bottom formations at 21743.70 on 07-04-2025 and no confirmation of its completion yet on EOD charts but Pull Back Rally is in strongly continuation mode therefore let Nifty to sustain above following levels one by one then Trend reversal will be considered after Donald Trump imposing and relaxing Tariffs decisions;-
1- Intermediate Term Trend decider 55-Day SMA(today at 22966).
2- Top of previous Pull Back Rally which finished at 23869.6 on 25-03-2028.
3- Long Term Trend decider 200-Day SMA(today at 24055).