Technically prepared for bigger upward
moves beginning but watch levels
also after Ukraine & Russia
war escalation risk
Technical Analysis,Research & Weekly
Outlook(Jun 09 to Jun 13,2025)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (06-Jun-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 completion at 21743.70 on 07-04-2025 and Wave-(v) of Wave-3 beginning from this level.
12- Impulsive Wave-(v) of Wave-3 continuation with recent top formations at 25116.30 on 15-05-2025.
13- Last 20 sessions trading between 24379-25116.
Conclusions from EOD chart analysis
(Waves structure)
Impulsive Wave-1 of new Waves structure begun from 15183.40 on 17-06-2022 after Corrective Wave-C of "ABC correction" of previous waves structure completion at this level. Wave-1 completed at 18887.60 on 01-12-2022 and corrective Wave-2 started from this level which completed at 16828.30 on 20-03-2023 and impulsive Wave-(i) of Wave-3 begun from this level.
Impulsive Wave-(i) of Wave-3 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. From this levels corrective Wave-C of Wave-(iv) of Wave-3 started which completed at 21743.70 on 07-04-2025 and Wave-(v) of Wave-3 begun from this level. Now impulsive Wave-(v) of Wave-3 continuation with recent top formations at 25116.30 on 15-05-2025 and no confirmation of its completion yet on EOD charts. Last 20 sessions trading between 24379-25116 and finally sustaining beyond this range will confirm next bigger decisive moves beginning.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (06-Jun-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)- 62.59 & %D(3)- 40.77.
3- In MACD- MACD line has intersected Average line downward and its both lines are falling in positive zone.
4- MACD(26,12)- 45.52 & EXP(9)- 165.49 & Divergence- -119.97
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 from Over sold zone therefore it will be understood that fresh upward moves have been started after Short Term correction completion and more upward moves will be seen 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 zone therefore it will be understood that this indicator is confirming downward trend formations and resultant downward moves beginning possibility also.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (06-Jun-2025):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 24798(Very Short Term Trend decider)
2- 21-Day SMA is today at 24760(Short Term Trend decider)
3- 55-Day SMA is today at 24030(Intermediate Term Trend decider)
4- 100-Day SMA is today at 23552
5- 200-Day SMA is today at 24076(Long Term Trend decider)
Conclusions from EOD chart analysis
(Averages)
AS Nifty is trading for the last 20 sessions between 24379-25116 therefore Nifty is hovering around Very Short Term and Short Term Trends deciding 5-Day and 21-Day SMAs for the last few sessions but closed well above these 2 Averages also last Friday hence both these 2 Averages will be understood up. Nifty is trading well above Intermediate Term and Long Term Trends deciding 55-Day and 200-Day SMAs for the last 2 months therefore these 2 Trends are clearly up.
Nifty-Intra Day Chart Analysis
(06-Jun-2025)
Nifty-Intra Day Chart (06-Jun-2025):-
Technical Patterns formation in today intraday charts
1- Pre Credit Policy downward moves after flat opening
2- Volatility after Credit Policy beginning between 24672-24820
3- Sharp upward moves during Credit Policy announcements
4- More than 4 hours sideways trading between 24955-25029
5- Whole day trading between 24672-25029
Conclusions from intra day chart analysis
Although firstly Pre Credit Policy downward moves after flat opening last Friday but volatility was seen between 24672-24820 after Credit Policy announcements beginning. As soon as 1% CRR cut news was announced by RBI Governor then sharp upward moves begun and remained continued during Credit Policy announcements. AS more than 4 hours sideways trading near the intraday higher levels between 24955-25029 therefore firstly sustaining beyond this range should be watched in the beginning of next week because following 2 previous resistances are lying within and below this last 4 hours trading range:-
1- 24974-25017
2- 25028-25079
Conclusions (After putting
all studies together)
1- Short Term Trend is up.
2- Intermediate Term Trend is up.
3- Long Term Trend is up.
Impulsive Wave-1 of that Waves structure which begun from 15183.40 on 17-06-2022 is now in continuation through its impulsive Wave-(v) of Wave-3 with recent top formations at 25116.30 on 15-05-2025. 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 of "ABC" correction started from this level. Its corrective Wave-C of Wave-(iv) of Wave-3 completed at 21743.70 on 07-04-2025 and from this level Wave-(v) of Wave-3 begun which is now continuation as well as no confirmation of its completion yet on EOD charts.
Averages are confirming that all the Trends are up and Short Term indicator Stochastic is signalling more upward moves possibility in the next week. Although another Short Term indicators MACD is confirming downward Trend formations and downward moves beginning possibility also but its both lines are now in positive zone and many times MACD generates signals little later also therefore until Stochastic will not confirm fresh downward moves beginning possibility till then upward moves continuation will be seen.
As last 20 sessions like bigger range trading between 24379-25116 and finally sustaining beyond this range will confirm next bigger moves also therefore sustaining beyond this range should be watched in the coming week/weeks for these bigger moves beginning confirmations. Nifty closed near the higher levels of this range last Friday therefore firstly sustaining beyond above mentioned 2 resistances should be watched in the coming week.
Ukraine and Russia war escalation is reaching at extreme risky position after Ukraine’s drone attack on Russian air bases and damaging over 40 aircraft parked near air bases across Russia last Sunday therefore remain cautious until its picture clears completely. If fresh selling starts and Nifty sustains below 24955 then firstly following supports within last 20 sessions range(24379-25116) should be watched one by one for next decisive moves beginning confirmations:-
1- 24686-24764
2- 24509-24595
Although Indian markets are technically prepared for next bigger upward moves beginning but Ukraine and Russia war escalation risk increased therefore firstly sustaining beyond Last 20 sessions trading range(24379-25116) should be watched for next bigger decisive moves beginning confirmations.