Correction continuation & firstly

 Watch 24919-25004 for that side next

 decisive moves beginning confirmations

Technical Analysis,Research & Weekly

Outlook(Jul 21 to Jul 25,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (18-Jul-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 25669.30 on 30-06-2025.

13- Short Term correction continuation with recent bottom formations at 24918.65 on 18-07-2025. 

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 started. Wave-1 completed at 18887.60 on 01-12-2022 and corrective Wave-2 begun from this level which completed at 16828.30 on 20-03-2023 and impulsive Wave-(i) of Wave-3 started 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 begun 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 started 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 begun 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 started from this levels which completed at 24857.80 on 05-12-2024. From this level corrective Wave-C of Wave-(iv) of Wave-3 begun which completed at 21743.70 on 07-04-2025 and Wave-(v) of Wave-3 started from this level. Now impulsive Wave-(v) of Wave-3 continuation with recent top formations at at 25669.30 on 30-06-2025 and no confirmation of its completion yet on EOD charts but Short Term correction started from this levels which is also in continuation with recent bottom formations at 24918.65 on 18-07-2025 and no confirmation of its completion also on EOD charts.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (18-Jul-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 towards Over sold zone.

2- Stochastic:- %K(5)- 38.79 & %D(3)- 47.73.

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

4- MACD(26,12)- 167.15 & EXP(9)- 398.12 & Divergence- -230.97

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 towards Over sold zone therefore it will be understood that at present this indicator is showing signals of more downward moves possibility in the beginning of 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 showing downward trend formations and on going Short Term correction continuation possibility also.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (18-Jul-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 25114(Very Short Term Trend decider) 

2- 21-Day SMA is today at 25108(Short Term Trend decider) 

3- 55-Day SMA is today at 24969(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24144

5- 200-Day SMA is today at 24064(Long Term Trend decider) 

 

Conclusions from EOD chart analysis

(Averages)

As Nifty has closed below Very Short Term and Short Term Trends deciders 5-Day and 21-Day SMAs last Friday therefore these 2 Trends are down. Intermediate Term Trend is at stake because Nifty has closed only 0.60 below its decider 55-Day SMA last Friday,let Nifty to sustain beyond its decider 55-Day SMA then bext Intermediate Term Trend direction will get confirmations. Long Term Trend is up because Nifty closed well above its trends decider 200-Day SMAs last Friday. 

Nifty-Intra Day Chart Analysis

(18-Jul-2025)

Nifty-Intra Day Chart (18-Jul-2025):-

Technical Patterns formation in today intraday charts

1- More than 200 points fall in first hour

2- More than 5 hours sideways trading between 24919-25004

3- Whole day trading between 24919-25144

Conclusions from intra day chart analysis 

Although firstly some upward moves after little negative opening but after that more than 200 points fall was seen in first hour. As more than 5 hours sideways trading between 24919-25004 and some selling patterns indications have also been seeing within this range therefore some more downward moves can not be ruled out in the beginning of next week but finally sustaining beyond 24919-25004 should also be watched for next decisive moves beginning confirmations in the coming week.

Conclusions

(After putting all studies together)

1- Very Short Term Trend is down.

2- Short Term Trend is down.

3- Intermediate Term Trend is at stake.

4- Long Term Trend is up

Impulsive Wave-1 of new Waves structure started from 15183.40 on 17-06-2022 after corrective Wave-C of "ABC correction" of previous waves structure completion at this level. Its impulsive Wave-(iii) of Wave-3 completed after new life time top formations at 26277.30 on 27-09-2024 and from this level corrective Wave-A of Wave-(iv) of Wave-3 of "ABC" correction begun of which Wave-C completed at 21743.70 on 07-04-2025 and impulsive Wave-(v) of Wave-3 started from this level. Although now impulsive Wave-(v) of Wave-3 continuation with recent top formations at 25669.30 on 30-06-2025 and no confirmation of its completion yet on EOD charts but Short Term correction begun from this levels which is also in continuation with recent bottom formations at 24918.65 on 18-07-2025. 

Intermediate Term Trend is at stake and Short Term indicators are also suggesting some more downward moves possibility as well as last Friday intraday charts are also showing more downward moves indications therefore firstly sustaining beyond more than 5 hours sideways trading range(24919-25004) of last Friday should be watched in next week for next decisive moves beginning confirmations because:-

1- Intermediate Term Trend decider 55-Day SMA(today at 24969) is also within this range.

2- Finally sustaining beyond 24919-25004 wil confirm Intermediate Term direction which is now at stake. 

Next 13 supports below 24919 are as follows  which should be watched after downward break down of sideways trading range(24919-25004) one by one for that side next decisive moves beginning confirmations:-

1- 24846-24909

2- 24759-24816

3- 24598-24695

4- 24484-24558

5- 23964-24119 

6- 23865-23943

7- 23554-23666

8- 23261-23424(Strong supports)

9- 22924-23207(Gap Support)

10- 22761-22918

11- 22469-22695(Gap Support)

12- 22305-22446

13- 21832-22042

Next 13 resistances above 25004 are as follows which should be watched after upward break out of sideways trading range(24919-25004) one by one for that side next decisive moves beginning confirmations:-

1- 25145-25207

2- 25323-25340(Gap Resistance)

3- 25360-25427

4- 25478-25548

5- 25625-25641

6- 25655-25739(Gap Resistance)

7- 25783-25837

8- 25886-25912

9- 25949-26006

10- 26074-26111

11- 26135-26151(Gap Resistance)

12- 26191-26248

13- 26258-26277

 Firstly watch 25145-25207 after Bullish Global markets led boosted sentiments today morning 

Pre-open Outlook(18-07-2025)

As Dow Jones closed with 0.52% gains yesterday and its Futures is also now trading more than 100 points up today morning as well as all the European markets also closed with good gain yesterday and some Asian markets are now trading with good gains today therefore sentiment turned boosted and resultant some consolidation may develop near about yesterday lowest also.

As Bullish sentiments today morning therefore positive opening of today markets may be seen and firstly sustaining beyond yesterday selling range(25145-25207) should be watched today for next intraday decisive moves beginning confirmations.

1- Dax(Germany) closed with 1.49% gains yesterday.

2- FTSE 100(England) closed with 0.52% gains yesterday.

3- CAC 40(France) closed with 1.29% gains yesterday.

Watch next supports amid firstly

downward moves expectations

Nifty-Intra Day Chart Analysis &

Market Outlook(18-07-2025)

Nifty-Intra Day Chart (17-Jul-2025):-

Technical Patterns formation in today intraday charts

1- 55 Points fall in first 20 minutes after positive opening

2- More than 4 hours selling between 25145-25207

3- Downward moves in last hours

4- Whole day trading between 25101-25238

Conclusions from intra day

chart analysis 

Although firstly some upward moves after positive opening but selling developed therefore 55 Points fall was seen in first 20 minutes. As more than 4 hours follow up selling in Mid-Session therefore again downward moves were seen in last hours and Nifty closed near the lower levels of the day.

As good intraday selling was seen today therefore firstly downward moves are expected towards next supports(25002-25061) and finally sustaining it beyond should be watched for next intraday decisive moves beginning confirmations.

Watch next resistances amid 

firstly upward moves expectations

Nifty-Intra Day Chart Analysis &

Market Outlook(17-07-2025)

Nifty-Intra Day Chart (16-Jul-2025):-

Technical Patterns formation in today intraday charts

1- More than 2 hours consolidation between 25122-25167

2- Up moves with downward corrections

3- Down moves in Bullish Falling Channel

4- Whole day trading between 25122-25255

Conclusions from intra day chart analysis 

Although firstly downward moves after flat opening but lower levels consolidation developed in more than 2 hours therefore upward moves begun which remained continued in whole Mid-session. As firstly upward moves were with downward corrections and after that downward moves were in Bullish Falling Channel as well as these 2 are consolidation patterns therefore firstly upward moves are expected towards next resistances(25360-25427) and finally sustaining it beyond should be watched for next intraday decisive moves beginning confirmations.

As busy therefore unable to post 

today(16-07-2025) Outlook. 

 Finally sustaining beyond 25002-25061

 will confirm next decisive 

moves beginning

Nifty-Intra Day Chart Analysis & Market

Outlook(15-07-2025)

Nifty-Intra Day Chart (14-Jul-2025):-

Technical Patterns formation in today intraday charts

1- More than 100 points fall in first half hour after flat opening.

2- Upward moves

3- Selling between 25116-25129

4- Sharp down

5- More than 3 hours consolidation between 25002-25061

6- Sharp up

7- Whole day trading between 25002-25151

Conclusions from intra day chart analysis 

Although firstly more than 100 points fall in first half hour after flat opening but after that upward moves were also seen in next hour. As some selling also developed after some upward moves therefore sharp fall was seen after that. 

As more than 3 hours consolidation between 25002-25061 in Mid Session therefore sharp upward moves were also seen in last hour until until Nifty will not sustain below today lowest(25002) after complete selling till then decisive downward moves will not be seen and once sustaining above 25061 will mean fresh upward moves beginning after on going Short Term correction completion. It is clear that finally sustaining beyond 25002-25061 will confirm next decisive moves beginning.