Watch Levels & Supports for the life and length of on going Short Term correction and next Intermediate Term Trend formation confirmations

Technical Analysis,Research & Weekly

Outlook(Jul 28 to Aug 01,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (25-Jul-2025):-

Technical Patterns and Formations in EOD charts

1- 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 24857.80 on 05-12-2024.

5- 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.

6- Impulsive Wave-(v) of Wave-3 continuation with recent top formations at 25669.30 on 30-06-2025.

7- Short Term correction continuation with recent bottom formations at 24806.35 on 25-07-2025. 

Conclusions from EOD chart analysis

(Waves structure)

Impulsive Wave-(iii) of Wave-3 started from 18837.80 on 26-10-202 after corrective Wave-C of Wave-(ii) of Wave-3 of "ABC" correction completion at this level. 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 "ABC" correction begun. 

Corrective Wave-A of Wave-(iv) of Wave-3 completed at 23263.20 on 21-11-2024 and from this level Wave-B of Wave-(iv) of Wave-3 started  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 impulsive Wave-(v) of Wave-3 started from this level. 

Although now impulsive Wave-(v) of Wave-3 continuation with recent top formations at 25654.20 on 27-06-2025 and no confirmation of its completion yet on EOD charts but Short Term correction begun from this level which is also now in continuation with recent bottom formations at 25129.00 on 11-07-2025.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (25-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 near Middle zone.

2- Stochastic:- %K(5)- 50.40 & %D(3)- 60.21.

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

4- MACD(26,12)- -193.25 & EXP(9)- -54.36 & Divergence- -138.895

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 near Middle zone therefore it will be understood that at present this indicator is showing signals of some more downward moves 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 negative zone therefore it will be understood that this indicator has shown downward trend formation and resultant on going Short Term correction continuation possibility also.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (25-Jul-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 25054(Very Short Term Trend decider) 

2- 21-Day SMA is today at 25277(Short Term Trend decider) 

3- 55-Day SMA is today at 25037(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24263

5- 200-Day SMA is today at 24057(Long Term Trend decider) 

 

Conclusions from EOD chart analysis

(Averages)

As Nifty has sustained below Very Short Term and Short Term Trends deciders 5-Day and 21-Day SMAs last Friday therefore these 2 Trends are clearly down. Intermediate Term Trend turning down possibility has also increased last Friday because Nifty opened below its decider 55-Day SMA that day and also closed 200 points below it at 24837 with 0.90% negative closing. Let Nifty to sustain below its decider 55-Day SMA then Intermediate Term Trend turning down will get confirmations. Long Term Trend is definitely up because Nifty has closed well above its trends decider 200-Day SMAs last Friday. 

Nifty-Intra Day Chart Analysis

(25-Jul-2025)

Nifty-Intra Day Chart (25-Jul-2025):-

Technical Patterns formation in today intraday charts

1- Volatility between 24905-25010 in first 15 minutes after 51 points gap down opening

2- Sharp fall

3- More than 5 hours sideways trading between 24807-24892

4- Whole day trading between 24807-25010

Conclusions from intra day chart analysis 

Although firstly volatility between 24905-25010 in first 15 minutes after 51 points gap down opening and after that sharp fall was also seen but more than 5 hours sideways trading developed at lower levels between 24807-24892 which was within next supports(24759-24909) therefore firstly sustaining beyond this supports range should be watched in the coming week for next decisive beginning confirmations.

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 which Waves structure begun from 15183.40 on 17-06-2022 is now in continuation through its impulsive Wave-(v) of Wave-3 with its recent top formation at 25654.20 on 27-06-2025 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 formation at 25129.00 on 11-07-2025 and no confirmation of its completion also on EOD charts. 

Very Short and Short Term Trends were already down and Intermediate Term Trend turning down signals developed in previous week and firstly sustaining beyond its decider 55-Day SMA should be watched in the coming week because it will confirm next bigger moves according to its sustaining beyond. Long Term Trend is clearly up and no immediate risk of its turning down.

Both Short Term indicators Stochastic and MACD are showing more downward moves possibility therefore firstly sustaining beyond following levels and supports should be watched in the coming week one by one for Intermediate Term Trend formation confirmations and life and length of on going Short Term correction also:-

1- Next supports(24759-24909).

2- Intermediate Term Trend decider 55-Day SMA which is today at 25037.

Watch next supports after heavy

selling pressure of IT shares

Nifty-Intra Day Chart Analysis &

Market Outlook(25-07-2025)

Nifty-Intra Day Chart (24-Jul-2025):-

Technical Patterns formation in today intraday charts

1- More than 50 points fall in first 15 minutes after gap up opening.

2- More than 1 hour selling between 25155-25186

3- Sharp fall

4- More than last 4 hours selling between 25019-25098

5- Whole day trading between 25019-25246

Conclusions from intra day chart analysis 

Although firstly some upward moves after gap up opening but more than 50 points fall was seen in first 15 minutes because sentiment weakened due to heavy selling in IT shares and NIFTYIT closed 2.21% down today. As after that more than 1 hour selling therefore sharp fall developed in Mid-Session and again lower levels more than last 4 hours selling hence more downward moves are expected towards following next supports and firstly sustaining them beyond should be watched one by one for next intraday decisive moves beginning confirmations.

1- 24846-24909

2- 24759-24816

On going rally continuation expectations

 towards next resistances

Nifty-Intra Day Chart Analysis &

Market Outlook(24-07-2025)

Nifty-Intra Day Chart (23-Jul-2025):-

Technical Patterns formation in today intraday charts

1- Almost 3 hours consolidation between 25086-25134 

2- Up moves with downward corrections

3- Whole day trading between 25086-25233

Conclusions from intra day chart analysis 

As firstly almost 3 hours consolidation between 25086-25134 and after that remaining whole day up moves were with downward corrections and it is a consolidation pattern also therefore on going rally continuation is expected towards next resistances(25323-25340),finally sustaining it beyond should be watched tomorrow for next intraday decisive moves beginning confirmations.

 Sustaining beyond 25036-25126 

will confirm next intraday 

decisive moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(23-07-2025)

Nifty-Intra Day Chart (22-Jul-2025):-

Technical Patterns formation in today intraday charts

1- 90 Points fall in first half hour after gap up opening

2- More than 5 hours sideways trading between 25036-25126

3- Whole day trading between 25036-25182

Conclusions from intra day chart analysis 

Following lines were told at 12:21 AM today in "Watch next resistances amid firstly upward moves expectations":-

1- more upward moves are expected towards next resistances(25145-25207)

2- firstly sustaining it beyond should be watched tomorrow for next intraday decisive moves beginning confirmations.

As was told 100% same happened and:-

1- firstly upward moves were seen today.

2- today highest was formed within mentioned resistances(25145-25207) at 25182.00.

Although firstly upward moves after  gap up opening and Nifty traded 91 points up also but fresh selling begun and 90 Points fall was in first half hour. As more than 5 hours sideways trading between 25036-25126 and one sided clear intraday trading patterns were not seen within this range therefore firstly sustaining beyond this trading range should be watched tomorrow for next intraday decisive moves beginning confirmations.

Watch next resistances amid firstly

upward moves expectations

Nifty-Intra Day Chart Analysis &

Market Outlook(22-07-2025)

Nifty-Intra Day Chart (21-07-2025):-

Technical Patterns formation in today intraday charts

1- 116 Points down in first 20 minutes after positive opening.

2- 157 Points sharp up in 20 minutes

3- More than 4 hours consolidation between 24883-25075

4- Sharp upward moves in last hour

5- Whole day trading between 24883-25111

Conclusions from intra day chart analysis 

Although positive opening but immediately 116 Points downward moves were seen in first 20 minutes. As after that 157 Points sharp up in next 20 minutes and after that more than 4 hours consolidation between 24883-25075 therefore again sharp upward moves developed in last hour.

As good intraday consolidation today therefore more upward moves are expected towards next resistances(25145-25207) and firstly sustaining it beyond should be watched tomorrow for next intraday decisive moves beginning confirmations.