More upward moves will be seen

Nifty-Intra Day Chart Analysis & Market 

Outlook(30-05-2025)

Nifty-Intra Day Chart (29-May-2025):-

Technical Patterns formation in today intraday charts

1- More than 3 hours downward moves after 72 points positive opening

2- More than 4 hours Consolidation Patterns formation between 24678-24770

3- Sharp upward moves in last half hour

4- Whole day trading between 24678-24892

Conclusions from intra day chart analysis 

Although 72 points positive opening but downward moves started which remained continued more than 3 hours therefore Nifty traded 75 points down also after loosing all opening gains. As lower levels More than 4 hours Consolidation Patterns formation between 24678-24770 therefore sharp upward moves were seen in last half hour today and more upward moves will be seen in the coming session also.

Sustaining above 24822 will

 mean decisive upward 

moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(29-05-2025)

Nifty-Intra Day Chart (28-May-2025):-

Technical Patterns formation in today intraday charts

1- Whole day sideways trading with consolidation Patterns indications between 24738-24822

2- Whole day trading between 24738-24864

Conclusions from intra day chart analysis 

Although firstly downward moves after flat opening and Nifty traded almost whole day in negative zone as welll as closed 114 points down also but almost whole day sideways trading was with consolidation Patterns indications between 24738-24822 therefore once sustaining above 24822 will mean decisive upward moves beginning which should be firstly watched tomorrow for its confirmations.

Watch immediate supports/resistances

 after 355 Points high volatility

Nifty-Intra Day Chart Analysis &

Market Outlook(28-05-2025)

Nifty-Intra Day Chart (27-May-2025):-

Technical Patterns formation in today intraday charts

1- 208 Points fall in first hour after negative opening

2- Consolidation between 24748-24791

3- 321 Points sharp up 

4- 355 Points fall in more than 2 hours

5- 134 Points up in last hour

6- Whole day trading between 24705-25062

Conclusions from intra day chart analysis 

Although lower levels consolidation was seen between 24748-24791 but whole day only high volatility between 24705-25062 and one sided clear technical position formations were also not seen therefore firstly sustaining beyond following immediate supports and immediate resistances should be watched for next decisive moves beginning confirmations:- 

 

1- Immediate supports 24748-24791

2- Immediate resistances 25028-25079

 Sustaining beyond 24958-25017 will confirm next intraday decisive moves beginning

Nifty-Intra Day Chart Analysis &

 Market Outlook(27-05-2025)

Nifty-Intra Day Chart (26-May-2025):-

Technical Patterns formation in today intraday charts

1- Selling between 25028-25079

2- Sharp fall

3- Almost 5 hours sideways trading between 24958-25017

4- Whole day trading between 24901-25079

Conclusions from intra day chart analysis 

Although firstly upward moves after positive opening and Nifty traded 226 points up also but higher levels selling developed therefore sharp fall was seen before 11:00 AM. As almost 5 hours sideways trading between 24958-25017 therefore Nifty will firstly sustaining beyond this trading range should be watched tomorrow for the next intraday decisive moves beginning confirmations.

 Last 10 sessions trading range(24379-25116) break out  will open the doors of fresh rally beginning towards life time top at 26277.30

Technical Analysis,Research & Weekly Outlook

(May 26 to May 30,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (23-May-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- Wave-(v) of Wave-3 continuation with recent top formations at 25116.30 on 15-05-2025.

13- Last 10 sessions trading between 24379-25116

Conclusions from EOD chart analysis

(Waves structure)

Corrective Wave-C of "ABC correction" of previous waves structure completion at 15183.40 on 17-06-2022 and from this level Impulsive Wave-1 of new Waves structure started which completed at 18887.60 on 01-12-2022. 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 started from this level which completed at 19849.80 on 17-10-2023 and Wave-C begun 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 levels 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 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 10 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 (23-May-2025):-

Technical Patterns and Formations in EOD charts

1- Stochastic- Its both lines %K(5) and %D(3) are kissing in the Middle zone.

2- Stochastic:- %K(5)- 46.87 & %D(3)- 44.55.

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

4- MACD(26,12)- 305.83 & EXP(9)- 409.83 & Divergence- -104

Conclusions from EOD chart analysis

(Stochastic & MACD)

Technical positions of Short Term indicators are as follows:-

1- As in Stochastic its both %K(5) and %D(3) lines  are kissing in the Middle zone therefore it will be understood that at present this indicator is not signalling any side decisive moves beginning possibility. Let any side clear intersection happen then that side Short Term decisive moves will be seen.

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 signalling downward trend formations and resultant downward moves beginning possibility also.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (23-May-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 24781(Very Short Term Trend decider) 

2- 21-Day SMA is today at 24539(Short Term Trend decider) 

3- 55-Day SMA is today at 23589(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 23450

5- 200-Day SMA is today at 24050(Long Term Trend decider) 

 

Conclusions from EOD chart analysis

(Averages)

Although Nifty is hovering around Very Short Term Trend decider 5-Day SMA but sustaining above also all the Short to Long Term Trends deciding from 21-Day SMA to 200-Day SMAs therefore it will be understood that all the Trends are up and its a strong indication of on going Wave-(v) of Wave-3 continuation possibility also. 

Nifty-Intra Day Chart Analysis

(23-May-2025)

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

Technical Patterns formation in today intraday charts

1- Strong upward moves in first 2 hours after positive opening

2- More than 4 hours trading with mixed Patterns formation between 24846-24909 

3- Whole day trading between 24615-24909

Conclusions from intra day

chart analysis 

As whole day good intraday consolidation last Thursday therefore firstly strong upward moves were seen and Nifty traded 299 points up in first 2 hours after positive opening last Friday. More than 4 hours trading with mixed Patterns formation between 24846-24909 which means that both intraday consolidation and selling patterns formations within this range therefore:-

1- Nifty will firstly trade and prepare for next decisive bigger moves within and near about 24846-24909 in the beginning of next week.

2- Finally sustaining beyond 24846-24909 will confirm next bigger decisive moves beginning which should be firstly watched in the beginning of next week for its confirmations.   

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 started 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 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-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 and no confirmation of its completion yet on EOD charts.

Now all the Trends are up but Short Term indicator MACD signalling downward trend formations and resultant downward moves beginning possibility also. As both %K(5) and %D(3) lines  are kissing in the Middle zone therefore it will be understood that at present this indicator is not signalling any side decisive moves beginning possibility. Let any side clear intersection happen then that side Short Term decisive moves will be seen but finally sustaining beyond Last 10 sessions trading range(24379-25116) should be watched for next bigger decisive beginning confirmations.

As many times correction is completed in sideways trading range in Bullish markets also therefore fresh upward moves beginning above 25116 can not be ruled out after last 10 sessions trading range(24379-25116) break out which will open the doors of fresh rally beginning towards life time top at 26277.30.

Finally sustaining beyond 25062

 will confirm next decisive moves

 beginning after some upward moves 

Nifty-Intra Day Chart Analysis &

Market Outlook(20-05-2025)

Nifty-Intra Day Chart (19-May-2025):-

1echnical Patterns formation in today intraday charts

1- Down moves with upward corrections

2- Consolidation between 24917-24956

3- Whole day trading between 24917-25062

Conclusions from intra day chart analysis 

Although firstly some upward moves after flat opening but higher levels selling was seen through Down moves with upward corrections therefore downward moves were seen till last hours. As lower levels consolidation developed in last hour between 24917-24956 therefore upward moves are expected toward intraday higher levels and finally sustaining beyond intraday highest(25062) will confirm next decisive moves beginning.

As out of station therefore unable to post 

today(19-05-2025) Outlook. 

Upward moves continuation

Nifty-Intra Day Chart Analysis & Market

Outlook(16-05-2025)

Nifty-Intra Day Chart (15-May-2025):-

Technical Patterns formation in today intraday charts

1- More than 3 hours consolidation between 24495-24704

2- More than 400 points strong upward moves

3- Last 2 hours sideways trading between 25021-25116

4- Whole day trading between 24495-25116

Conclusions from intra day chart analysis 

As consolidation was seen between 24561-24646 yestertday and more than 3 hours consolidation developed within and near about this range between between 24495-24704 today also therefore more than 400 points strong upward moves were seen in Mid-session today. Although last 2 hours sideways trading between 25021-25116 but clear selling patterns were not seen at intraday higher levels therefore yesterday started upward moves will remain continued in the coming sessions also.

Finally sustaining beyond 24536-24767 will confirm next decisive moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(15-05-2025)

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

Technical Patterns formation in today intraday charts

1- Selling between 24701-24767

2- Sharp fall

3- Consolidation between 24561-24646

4- Whole day trading between 24536-24767

Conclusions from intra day chart analysis 

Although firstly upward moves after positive opening and Nifty traded 189 [points up also but higher levels good intraday selling developed therefore sharp fall was seen in Mid-session and Nifty traded 67 points down also after loosing all intraday gains. As lower levels consolidation was also seen in last 2 hours therefore whole day yesterday trading will be understood with Mixed Patterns formations between 24536-24767 hence Nifty will firstly trade and prepare for next decisive moves within and near about this trading range as well as finally sustaining it beyond will confirm next decisive moves beginning which should be finally watched in the coming session for next decisive moves beginning confirmations.

Upward moves expectations

Nifty-Intra Day Chart Analysis &

Market Outlook(14-05-2025)

Nifty-Intra Day Chart (13-May-2025):-

Technical Patterns formation in today intraday charts

1- Most time trading with consolidation Patterns formation between 24558-24807

2- Whole day trading between 24548-24973

Conclusions from intra day chart analysis 

Although whole day downward moves after negative opening but most time trading was with consolidation Patterns formation between 24558-24807 therefore upward moves are expected tomorrow and once sustaining above 24807 will mean fresh upward moves above last Monday highest(24644).

As busy therefore unable to post 

today(13-05-2025) Outlook. 

Indo-Pak war escalation/de-escalation situation & accordingly valid break out/down of last 13 sessions trading range will confirm next bigger moves beginning

Technical Analysis,Research & Weekly 

Outlook(May 12 to May 16,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (09-May-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 completion indications with recent top formations at 24589.15 on 02-05-2025.

13- Last 13 sessions trading between 23848-24589

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. Impulsive Wave-1 started from this level which completed at 18887.60 on 01-12-2022 and from this level corrective Wave-2 begun which completed at 16828.30 on 20-03-2023.

Impulsive Wave-(i) of Wave-3 stated 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 begun which completed at 19333.60 on 04-10-2023. Wave-B started from this level which completed at 19849.80 on 17-10-2023 and Wave-C begun 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 levels corrective Wave-C of Wave-(iv) of Wave-3 begun 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 started from this level which is now in continuation with its recent top formations at 24589.15 on 02-05-2025 and no confirmation of its completion also on EOD charts. Last 13 sessions trading between 23848-24589 amid Indo-Pak war situation and its final Break out/down will be according to War escalation/de-escalation situation therefore finally sustaining beyond this range should be watched in the coming week/weeks for next one sided decisive moves beginning confirmations.

.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (09-May-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)- 31.88 & %D(3)- 44.78.

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

4- MACD(26,12)- 577.78 & EXP(9)- 627.40 & Divergence- -49.62

Conclusions from EOD chart analysis

(Stochastic & MACD)

Technical positions of Short Term indicators are as follows:-

1- As in Stochastic %K(5) line has intersected %D(3) line downward and its both lines are falling towards Over sold zone and not turned Over sold yet therefore it will be understood that Short Term correction is very much on and will remain continued also 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 signalling downward trend formations and resultant downward moves beginning possibility also in the coming week.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (09-May-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 24307(Very Short Term Trend decider) 

2- 21-Day SMA is today at 23825(Short Term Trend decider) 

3- 55-Day SMA is today at 23226(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 23382 

5- 200-Day SMA is today at 24044(Long Term Trend decider) 

 

Conclusions from EOD

chart analysis (Averages)

As Nifty has closed well above Short and Intermediate Term Trends deciders 21 & 55-Day SMAs last Friday therefore these 2 trends are up but Long Term Trend is at stake because Nifty has closed below its decider 200-Day SMA(today at 24044) last Friday- Firstly sustaining Long Term Trend decider 200-Day SMA should be watched in the coming week/weeks for next Long Term Trend formation confirmations because finally it will decide and confirm next bigger and decisive one sided moves beginning.

Nifty-Intra Day Chart Analysis

(09-May-2025)

Nifty-Intra Day Chart (09-May-2025):-

Technical Patterns formation in today intraday charts

1- 228 Points sharp fall from intraday higher levels in first hour after negative opening.

2- More than 5 hours trading with consolidation like Patterns formation between 23963-24044

3- Whole day trading between 23936-24164

Conclusions from intra day

chart analysis 

Although firstly some upward moves after negative opening but immediately after that 228 Points sharp fall was also seen from intraday higher levels in first hour. As more than 5 hours trading was with consolidation like Patterns formation between 23963-24044 last Friday therefore upward moves are expected towards the highest(24044) of last Friday in the beginning of next week but finally sustaining beyond 23963-24044 should also be watched for next decisive moves beginning confirmation because finally next decisive moves will be seen according to on going Indo-Pak war situation.

Conclusions (After putting

all studies together)

1- Short Term Trend is up.

2- Intermediate Term Trend is up.

3- Long Term Trend is at stake.

Impulsive Wave-(iii) of Wave-3 of that Waves structure completed  at 26277.30 on 27-09-2024 of which Wave-1 of new Waves structure started from 15183.40 on 17-06-2022.Now its corrective Wave-C of Wave-(iv) of Wave-3 is 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 started from this level which is also in continuation with its recent top formations at 24589.15 on 02-05-2025 and no confirmation of its completion also on EOD charts As last 13 sessions sideways trading was between 23848-24589 and finally sustaining beyond this range will confirm the life and length of on going Pull Back Rally and next Trend also therefore it should be firstly watched in the coming week/weeks for its confirmations.

As both Short Term indicators Stochastic and MACD are signalling downward moves beginning possibility and Long Term Trend is also at Stake as well as finally sustaining beyond last 13 sessions sideways trading range(23848-24589) will confirm next one sided bigger moves beginning and next Trends formations also therefore it should be finally watched in the coming week/weeks for all these confirmations. All these Indian Stock Markets moves will be according to on going Indo-Pak war escalation/de-escalation situation therefore it should also be watched with sustaining beyond last 13 sessions sideways trading range.

More Downward Moves after 

Indo-Pak full fledged war beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(09-05-2025)

Nifty-Intra Day Chart (08-May-2025):-

Technical Patterns formation in today intraday charts

1- Selling between 24324-24447

2- Sharp fall

3- Whole day trading between 24151-24447

Conclusions from intra day chart analysis 

As risk of Indo-Pak war escalation was clearly seen therefore firstly more than 5 hours selling and after that sharp fall developed as well as Nifty closed 0.58% down also. Now full fledged war has been started and resultant more downward moves will be seen but in such situations current news led high volatility is also seen therefore remain cautious.

Finally sustaining beyond 24357-24408 will confirm next intraday decisive moves beginning 

Nifty-Intra Day Chart Analysis &

Market Outlook(07-05-2025)

Nifty-Intra Day Chart (06-May-2025):-

Technical Patterns formation in today intraday charts

1- 137 Points fall in little more than 1 hour.

2- More than 5 hours trading with mixed Patterns formation between 24357-24408 

3- Whole day trading between 24332-24509

Conclusions from intra day chart analysis 

Following lines were told today at 12:36 AM in "Downward moves expectations below today lowest":-

downward moves are expected below 

today lowest(24401) in the coming sessions.

As was told 100% same happened and 

Nifty closed 81.55 points down at 24379.60 today.

Although little positive opening today morning but could not sustain at higher levels because higher levels good intraday selling was seen yesterday and Nifty fallen 137 Points in little more than 1 hour. As more than 5 hours trading was with mixed Patterns formation between 24357-24408 therefore firstly Nifty will trade and prepare for next decisive moves within and near about this trading range as well as finally sustaining it beyond will confirm next decisive moves beginning hence it should be finally watched tomorrow for next intraday decisive moves beginning confirmations.

Downward moves expectations

 below today lowest

Nifty-Intra Day Chart Analysis & Market

Outlook(06-05-2025)

Nifty-Intra Day Chart (05-May-2025):-

Technical Patterns formation in today intraday charts

1- Upward moves after positive opening

2- Selling between 24471-24526

3- Whole day trading between 24401-24526

Conclusions from intra day chart analysis 

Although firstly upward moves after positive opening but higher levels selling was seen between 24471-24526 therefore downward moves are expected below today lowest(24401) in the coming sessions.

Watch Levels,Resistances & supports

 after Indo-Pak war beginning

 & its escalation possibility

Technical Analysis,Research & Weekly

 Outlook(May 05 to May 09,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (02-May-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 continuation with recent bottom formations at 21743.70 on 07-04-2025 and Pull Back Rally beginning from this level.

6- Pull Back Rally continuation with recent top formations at 24589.15 on 02-05-2025.

Conclusions from EOD chart analysis

(Waves structure)

Impulsive Wave-(iii) of Wave-3 begun from 18837.80 on 26-10-2023 after Wave-C of Wave-(ii) of Wave-3 completion at this level which 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 started. 

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 begun which completed at 24857.80 on 05-12-2024 and from this level corrective Wave-C of Wave-(iv) of Wave-3 started which is now in continuation with it recent bottom formations at 21743.70 on 07-04-2025. Pull Back Rally started from this level which is now in continuation with its recent top formations at 24589.15 on 02-05-2025 and no confirmation of its completion yet on EOD charts.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (02-May-2025):-

Technical Patterns and Formations in EOD charts

1- Stochastic- Its both lines %K(5) and %D(3) are kissing below Over bought zone.

2- Stochastic:- %K(5)- 75.70 & %D(3)- 76.63.

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

4- MACD(26,12)- 678.89 & EXP(9)- 366.07 & Divergence- 312.82

Conclusions from EOD chart analysis

(Stochastic & MACD)

Technical positions of Short Term indicators are as follows:-

1- As in Stochastic its both lines %K(5) and %D(3) are kissing below Over bought zone therefore it will be understood that at present this indicator is not showing confirm signals of Short Term downward moves. Let Downward intersection happen then decisive downward moves will be seen.

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 this indicator is confirming upward trend formations and resultant on going upward moves will remain continued.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (02-May-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 24276(Very Short Term Trend decider) 

2- 21-Day SMA is today at 23569(Short Term Trend decider) 

3- 55-Day SMA is today at 23137(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 23399

5- 200-Day SMA is today at 24050(Long Term Trend decider) 

 

Conclusions from EOD chart analysis

(Averages)

As Nifty has closed well above Short and Intermediate Term Trends deciders 21 & 55-Day SMAs last Friday therefore these 2 trends are up but Long Term Trend is at stake because Nifty has hovered around its decider 200-Day SMA(today at 24050) in the last 8 sessions. Most time trading after Pahalgam terrorist attack from 22-04-2025 was within 193 points with much slower upward moves between 24109-24402 therefore it will be understood that Indian markets are preparing for next bigger moves within this trading range and finally sustaining beyond this trading range will confirm Long Term Trend according to sustaining beyond its decider 200-Day SMA is which is today at 24050.

Nifty-Intra Day Chart Analysis

(02-May-2025)

Nifty-Intra Day Chart (02-May-2025):-

Technical Patterns formation in today intraday charts

1- More than 200 points sharp up in first half hour after negative opening.

2- Selling between 24513-24589.

3- 349 Points fall in little more than 2 hours.

4- Consolidation between 24239-24319

5- Selling between 24361-24399

7- Volatility in last hours between 24284-24399

8- Whole day trading between 24239-24589

Conclusions from intra day chart analysis 

Although firstly more than 200 points sharp upward moves in first half hour after negative opening but higher levels selling developed therefore 349 Points fall was seen in Mid-session. As lower levels consolidation developed and after that some upward moves were also seen but again selling developed and Volatility was in last hours.

As it is clear from last Friday intraday chart analysis that whole day Mixed Patterns formations developed between 24239-24589 therefore firstly Nifty will trade and prepare for next decisive moves within and near about this trading range as well as finally sustaining it beyond will confirm next decisive moves beginning hence it should be finally watched in the coming week for next decisive moves beginning confirmations.

Conclusions

(After putting all studies together)

1- Long Term Trend is at stake.

2- Intermediate Term Trend is up.

3- Short Term Trend is up.

Although on going Pull Back Rally has gained 2845.45 points from the recent bottom of corrective Wave-C of Wave-(iv) of Wave-3 which is also in continuation with its recent bottom formations at 21743.70 on 07-04-2025 but still no confirmations of Long Term Trend turning up because Nifty is hovering around Long Term Trend decider 200-Day SMA for the last 9 sessions which is today at 24050 and Nifty not sustained above it yet. Let firstly Nifty to sustain beyond Term Trend decider 200-Day SMA then that bigger decisive moves will be seen according to its sustaining beyond.

Although Short Term indicator Stochastic is signalling Short Term downward moves beginning possibility but another Short Term indicator MACD is confirming upward trend formations therefore finally upward moves beginning possibility can not be ruled out after Short Term correction completion.

As Indo-Pak war may start any day and after that one sided bigger moves and high volatility may also be seen therefore firstly following 2 levels should be watched in the coming week/weeks for next one sided bigger moves beginning after that side Long Term Trend formation confirmations:-

1- 24109-24402(Last 8 sessions 193 points most time trading range from 22-04-2025 after Pahalgam terrorist attack)

2- 23848-24589(Last 8 sessions actual trading range)

Next resistances above these 2 trading ranges are as follows:-

1- 24568-24624 

2- 24725-24790

Next supports below 1st trading ranges are as follows:-

1- 23865-23967

2- 23274-23370

As big uncertainty after Indo-Pak war beginning and its escalation possibility and Long Term Trend is also at stake therefore firstly Long Term Trend decider 200-Day SMA(today at 24050) and finally sustaining beyond above mentioned Levels,Resistances and supports should be watched one by one for next that side one sided moves beginning confirmations. 

Watch next resistances after China signalling to begin trade talks with U.S.

Post-open Outlook(02-05-2025)

As China signals openness to trade talks with U.S. therefore sentiment turned boosted today morning and resultant Dow Jones Futures is trading 360 Points(-0.88%) up today morning and in reaction all the Asian markets are now trading in Green as well as both main Asian markets are trading with good gains in following manner hence upward moves started after positive opening in Indian Markets also.

1- Nikkei 225(Japan) is trading 415.70 Points(1.14%) Up today morning

2- Hang Seng(Hong Kong) is trading 401.10 Points(1.81%) Up today morning

3- Taiwan Weighted is closed today

4- SET(Bangkok) is trading 7.35 Points(0.61%) Up today morning

5- KOSPI(Korea) is trading 9.05 Points(0.36%) Up today morning

Sentiment turned most Bullish today therefore firstly sustaining beyond following next resistances should be watched one by one for next decisive moves beginning confirmations:-

1- 24568-24624 

2- 24725-24790

Downward moves expectations below

 today lowest(24291) & towards

 yesterday lowest(24055)

Nifty-Intra Day Chart Analysis &

Market Outlook(30-04-2025)

Nifty-Intra Day Chart (29-Apr-2025):-

Technical Patterns formation in today intraday charts

1- 167 Points sharp fall in first hour after positive opening

2- More than 5 hours sideways trading with higher levels selling Patterns formation between 24291-24372

3- Whole day trading between 24291-24457

Conclusions from intra day chart analysis 

Although firstly some upward moves after positive opening but could not sustain at higher levels and 167 Points sharp fall was seen in first hour because selling patterns formations was between 24307-24355 yesterday. As more than 5 hours sideways trading with higher levels fresh selling between 24291-24372 and selling seen within this range yesterday also therefore downward moves expected below today lowest(24291) and towards  yesterday lowest(24055) tomorrow. Finally sustaining beyond 24055 should be watched in the coming sessions for next intraday decisive moves beginning confirmations.

Finally sustaining beyond 24229-24307

 will confirm next intraday decisive

 moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(29-04-2025)

Nifty-Intra Day Chart (28-Apr-2025):-

Technical Patterns formation in today intraday charts

1- Upward moves after positive opening

2- Sideways trading between 24229-24283

3- Up moves with downward corrections

4- Selling between 24307-24355

5- Whole day trading between 24055-24355

Conclusions from intra day chart analysis 

Although upward moves started after positive opening and remained continued more than 3 hours also but selling was seen in last 3 hours also between 24307-24355 therefore downward moves are expected towards today lowest(24055). Firstly trading will be seen within and near about 24229-24307 and finally sustaining it beyond should be watched for next intraday decisive moves beginning confirmations.

Watch levels for next Trend formations after emergence of Indo-Pak war beginning and its escalation possibility

Technical Analysis,Research & Weekly Outlook

(Apr 28 to May 02,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (25-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 24359.30 on 23-04-2025.

13- Last 5 Sessions trading between 23848-24359 

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. Impulsive Wave-1 started from this level which completed at 18887.60 on 01-12-2022 and from this level corrective Wave-2 begun which completed at 16828.30 on 20-03-2023.

Impulsive Wave-(i) of Wave-3 stated 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 begun which completed at 19333.60 on 04-10-2023. Wave-B started from this level which completed at 19849.80 on 17-10-2023 and Wave-C begun 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 levels corrective Wave-C of Wave-(iv) of Wave-3 begun 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 started from this level which remained continued strongly also but turned sideways in the last 5 sessions of previous week between 23848-24359 and finally sustaining beyond this range will confirm the life and length of on going Pull Back Rally.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (25-Apr-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 Over bought zone.

2- Stochastic:- %K(5)- 74.53 & %D(3)- 87.62.

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

4- MACD(26,12)- 422.22 & EXP(9)- 62.24 & Divergence- 359.98

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 downward and its both lines are falling from Over bought zone therefore it will be understood that this indicator is confirming Short Term correction beginning which may be seen in the coming week.

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 this indicator is confirming Short Term upward trend formations and resultant on going upward moves continuation possibility also.

Nifty-EOD Chart Analysis

(Averages)

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

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 24182(Very Short Term Trend decider) 

2- 21-Day SMA is today at 23430(Short Term Trend decider) 

3- 55-Day SMA is today at 23082(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 23399

5- 200-Day SMA is today at 24051(Long Term Trend decider) 

 

Conclusions from EOD chart analysis

(Averages)

Although Nifty has closed well above Short and Intermediate Term Trend decider 21 & 55-Day SMAs last Friday therefore these Trends confirmly up but Long Term Trends is at stake because Nifty has closed little below its decider 200-Day SMA last Friday. As finally sustaining beyond Long Term Trend decider 200-Day SMA will generate one sided bigger decisive moves after that side Long Term Trend formations therefore it should be firstly watched in the coming week/weeks for that side next bigger and decisive moves beginning confirmations.  

Nifty-Intra Day Chart Analysis

(25-Apr-2025)

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

Technical Patterns formation in today intraday charts

1- 275 Points sharp fall in first hour

2- Down moves in Bullish Falling Channel

3- Up moves in Bearish Rising Channel

4- Down moves with upward corrections

5- More than 5 hours trading between 23848-24278

6- Whole day trading between 23848-24365

Conclusions from intra day chart analysis 

As Indo-Pak war beginning and its escalation possibility developed after Pahalgam Muslim Terrorists severe violent attack on innocent Hindu Tourists on 20-04-2025 therefore firstly 275 Points sharp fall was seen in first hour last Friday. Although firstly such sharp fall but after that further Downward moves were in Bullish Falling Channel in next hours therefore upward moves started from lower levels. As these Mid-session upward moves were in Bearish Rising Channel therefore Nifty could not sustain after some rise and again Downward moves started in last hours. As these downward moves were upward corrections therefore it will be understood that intraday  selling patterns were also formed in last hours.

It is clear from the last more than 5 hours intraday trading patterns formations that Nifty traded more than 5 hours between 23848-24278 with both intraday consolidation and selling trading patterns formations therefore Nifty is not prepared for immediate one sided intraday decisive moves beginning and firstly will trade as well as prepare for next decisive moves within and near about 23848-24278 in the beginning of next week. Finally sustaining beyond this trading range should be watched in the beginning of next week for next one sided decisive moves beginning confirmations.  

Conclusions (After putting

all studies together)

1- Short Term Trend is up.

2- Intermediate Term Trend is up.

3- Long Term Trend is at stake.

Impulsive Wave-(iii) of Wave-3 of that Waves structure completed  at 26277.30 on 27-09-2024 of which Wave-1 of new Waves structure started from 15183.40 on 17-06-2022.Now its corrective Wave-C of Wave-(iv) of Wave-3 is 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 started from this level which is also in continuation with its recent top formations at 24359.30 on 23-04-2025 and no confirmation of its completion also on EOD charts As last 5 sessions sideways trading was between 23848-24359 and finally sustaining beyond this range will confirm the life and length of on going Pull Back Rally therefore it should be firstly watched in the begining of next week.

As in Short Term indicator Stochastic is confirming Short Term correction beginning which may be seen in the coming week but another Short Term indicator MACD is confirming Short Term upward trend formations and resultant on going upward moves continuation possibility also. As MACD indicator generates signals little later therefore as per Stochastic indicator firstly downward moves are more expected in the coming week/weeks.

It is confirm that Indo-Pak war beginning and its escalation possibility can not be ruled out in the coming weeks/months after Terrorists attack on 22-04-2025 therefore remain cautious because Stock markets never moves up during uncertainty and until this situation prevails till then following levels should be watched one by one for next Trend formations and accordingly that side next decisive moves beginning:-

1- Long Term Trend decider 200-Day SMA(today at 24051).

2- More than 5 hours trading range(23848-24278) of last Friday.

3- Last 5 Sessions trading range(23848-24359). 

4- Intermediate Term Trend decider 55-Day SMA(today at 23082) 

5- Short Term Trend decider 21-Day SMA(today at 23430)