Finally Bullish moves above Life Time Top after on going Short Term correction completion near about next supports
Technical Analysis,Research & Weekly Outlook(Nov 03 to Nov 07,2025)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (31-Oct-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-3 completion with new life time top formations at 26277.30 on 27-09-2024 and Corrective Wave-A of Wave-4 of "ABC" correction beginning.
5- Corrective Wave-A of Wave-4 completion at 23263.20 on 21-11-2024.
6- Corrective Wave-B of Wave-4 completion at 24857.80 on 05-12-2024.
7- Corrective Wave-C of Wave-4 completion at 21743.70 on 07-04-2025 and Impulsive Wave-5 beginning from this level.
8- Impulsive Wave-i of Wave-5 completion at 25669.30 on 30-06-2025.
9- Corrective Wave-ii of Wave-5 completion at 24337.70 on 08-08-2025.
10- Impulsive Wave-iii of Wave-5 continuation with recent top formations at 26104.20 on 23-10-2025.
11- Short Term correction continuation with recent bottom formations at 25711.20 on 31-10-2025.
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. 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-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-4 started from this level.
Corrective Wave-A of Wave-4 completed at 23263.20 on 21-11-2024 and Wave-B of Wave-4 begun from this levels which completed at 24857.80 on 05-12-2024. From this level corrective Wave-C of Wave-4 started which completed at 21743.70 on 07-04-2025 and impulsive Wave-5 begun this level.
Impulsive Wave-i of Wave-5 completed at 25669.30 on 30-06-2025 and from this levels corrective Wave-ii of Wave-5 started which completed at 24337.70 on 08-08-2025. From this level impulsive Wave-iii of Wave-5 begun which is now in continuation with its recent top formations at 26104.20 on 23-10-2025 and no confirmation of its completion yet on EOD charts. Short Term correction started from this level which is also in continuation with its recent bottom formations at 25711.20 on 31-10-2025 and no confirmation of its completion also on EOD charts.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (31-Oct-2025):-
Technical Patterns and Formations in EOD charts
1- Stochastic- %K(5) line has intersected %D(3) line downward and its both lines are falling from Over bought zone.
2- Stochastic:- %K(5)- 40.54 & %D(3)- 64.96.
3- In MACD- MACD line has intersected Average line upward and its both lines are rising in positive zone.
4- MACD(26,12)- 413.76 & EXP(9)- 221.16 & Divergence- 192.6
Conclusions from EOD chart analysis
(Stochastic & MACD)
Technical positions of Short Term indicators are as follows:-
1- As in Stochastic indicator its %K(5) line has intersected %D(3) line downward and its both lines are falling from Over bought zone therefore it will be understood that this indicator has confirmed downward moves continuation possibility which will be seen in the coming week/weeks also.
2- As in MACD indicator its MACD line has intersected Average line upward and its both lines are rising in positive zone therefore it will be understood that MACD indicator has confirmed Short Term upward Trend formation and resultant finally upward moves beginning possibility also.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (31-Oct-2025):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 25911(Very Short Term Trend decider)
2- 21-Day SMA is today at 25577(Short Term Trend decider)
3- 55-Day SMA is today at 25114(Intermediate Term Trend decider)
4- 100-Day SMA is today at 25085
5- 200-Day SMA is today at 24327(Long Term Trend decider)
Conclusions from EOD chart analysis
(Averages)
As Nifty closed well below Very Short Term Trend decider 5-Day SMA last Friday after last 3 sessions downward moves therefore this Trend is now down but all other Trends are still up because Nifty has closed well above all other Trends deciding Averages.
Nifty-Intra Day Chart Analysis
(31-Oct-2025)
Nifty-Intra Day Chart (31-Oct-2025):-
Technical Patterns formation in today intraday charts
1- Sharp up in first half hour
2- Selling between 25916-25953
3- Sharp down
4- Selling between 25765-25825
5- Whole day trading between 25711-25953
Conclusions from intra day
chart analysis
Although firstly upward moves after negative opening and Nifty traded 75 points up also in first hour but selling developed at higher levels therefore sharp downward moves were seen after that. As more than 5 hours trading was with selling patterns also therefore downward moves are expected towards next supports in the beginning of next week.
Conclusions (After putting
all studies together)
1- Very Short Term Trend is down.
2- Short Term Trend is Up.
3- Intermediate Term Trend is Up.
4- Long Term Trend is Up.
Impulsive Wave-3 of that Waves structure completed with new life time top formations at 26277.30 on 27-09-2024 which begun through its Impulsive Wave-1 from 15183.40 on 17-06-2022. Wave-4 "ABC" correction started from life time top which completed at 21743.70 on 07-04-2025 and impulsive Wave-5 begun from this level. Now impulsive Wave-iii of Wave-5 continuation with its recent top formations at 26104.20 on 23-10-2025 and no confirmation of its completion also but Short Term correction started from this levels which is also now in continuation and no indication of its completion on EOD and intraday charts also.
Although all the Trends are up except Very Short Term Trend but Short Term correction continuation and Short Term indicator Stochastic is confirming more downward moves possibility as well as last Friday intraday charts are also suggesting that downward moves will be seen in the beginning of next week also. As another Short Term indicator MACD is confirming Upward Trend formations and finally upward moves beginning possibility also as well as impulsive Wave-iii of Wave-5 is now in continuation therefore expected that finally its upward moves will be seen above life time top after on going Short Term correction completion near about any of following supports:-
1- 25629-25694
2- 25563-25612
3- 25416-25466
4- 25193-25315
Next resistances above last Friday closing are as follows which should be watched one by one because fresh consolidation will be required for sustaining above these resistances;-
1- 25765-25825
2- 25916-25953
3- 26052-26104
4- 26135-26151(Gap Resistance)
5- 26191-26248
6- 26258-26277