Finally 2 crucial levels will confirm

 next trend formations & life/length

 of on going "ABC" correction

Technical Analysis,Research & Weekly

Outlook(Feb 10 to Feb 14,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (07-Feb-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 22786.9 on 27-01-2025.

6- Previous 14 Sessions from 13-01-2025 to 30-01-2025 trading was between 22787-23426 and this trading range was forcefully broken out to 31-01-2025. 

7- Pull Back rally continuation with recent top formations at 23807.3 on 05-02-2025.

Conclusions from EOD chart analysis

(Waves structure)

Corrective Wave-C of Wave-(ii) of Wave-3 of "ABC" correction completed at 18837.80 on 26-10-2023 and from this level impulsive Wave-(iii) of Wave-3 started which completed at 26277.30 on 27-09-2024 after gaining 7439.5 points in 11 months and new life time top formations at this level. 

Corrective Wave-A of "ABC" correction of Wave-(iv) of Wave-3 begun from this level which 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. Corrective Wave-C of Wave-(iv) of Wave-3 begun from this level which is now in continuation with recent bottom formations at 22786.9 on 27-01-2025 and no confirmation of its completion yet on EOD charts. Pull Back rally started from this level which is now in continuation with recent top formations at 23807.3 on 05-02-2025 and no confirmation of its completion also on EOD charts. 

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (07-Feb-2025):-

Technical Patterns and Formations in EOD charts

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

2- Stochastic:- %K(5)- 83.57 & %D(3)- 82.42.

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

4- MACD(26,12)- 599.93 & EXP(9)- -157.10 & Divergence- 757.03

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 in Over bought zone therefore it will be understood that at present this indicator is not showing clear signals of Short Term downward moves beginning. Let its both lines to start downward moves after %K(5) line downward intersection of %D(3) line then  Short Term correction will be seen. 

2- As in MACD its MACD line has intersected Average line upward and its both lines are rising in positive and negative zone therefore it will be understood that this indicator has started to show Upward Trend formations signals. Let its both lines to move up in Positive zone then decisive upward moves will be seen after upward trend formation confirmations. 

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (07-Feb-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 23592 

2- 21-Day SMA is today at 23283

3- 55-Day SMA is today at 23790

4- 100-Day SMA is today at 24210

5- 200-Day SMA is today at 24093

Conclusions from EOD chart analysis

(Averages)

As Nifty is sustaining above Short Term Trend decider 21-Day SMA therefore it will be understood that now Short Term Trend is up but Intermediate Term Trend is stake because Nifty is hovering just below its decider 55-Day SMA for the last 4 sessions. Firstly sustaining beyond 55-Day SMA should be watched in the coming week/weeks because:-

1- If Nifty sustains above 55-Day SMA then strong up moves will be seen and then testing possibility of Long Term Trend decider 200-Day SMA can not be ruled out because it is now less than 500 points above Intermediate Term Trend decider 55-Day SMA. 

2- If finally Nifty fails to sustain above 55-Day SMA then decisive downward moves will be seen towards Short Term Trend decider 21-Day SMA which is now 507 points below Intermediate Term Trend decider 55-Day SMA. 

Nifty-Last 4 Sessions intraday

charts analysis

Nifty-Intra Day Chart (Feb 04 to Feb 07,2025):-

Technical Patterns formation in last 4 Sessions intraday charts

1- Selling(Resistances) in last 4 Sessions are as follows:-

A- 23745-23807  

2- Consolidation(Supports) in last 4 Sessions are as follows:-

A- 23444-23517 

B- 23424-23559 

C- 23382-23423(Gap Supports)

3- Last 4 Sessions actual trading between 23424-23807 

Conclusions from 4 Sessions 

intra day chart analysis 

Nifty opened 41 points gap up(23382-23423) on 04-02-2025 and after that traded last 4 Sessions between 23424-23807 with above mentioned supports and resistances. Although Nifty closed at the top of of last 3 supports and next resistances from 23745 are 146 points above from this level but there are lower levels 3 supports are higher levels only 1 resistance is lying therefore Nifty will firstly trade and prepare for next trend and bigger moves within and near about last 4 sessions trading range in the coming week. As finally sustaining beyond this last 4 sessions trading range will form next trend and generate bigger moves also therefore it should be firstly watched in the coming week for confirmations.

Nifty-Intra Day Chart Analysis

(07-Feb-2025)

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

Technical Patterns formation in today intraday charts

1- RBI Moneytary Policy led volatility in first 3 hours between 23497-23694

2- 250 Points down moves in Mid-Session

3- Consolidation between 23444-23517

4- Sharp up in last hour

5- Whole day actual trading between 23444-23517

Conclusions from intra day

chart analysis 

Although Green opening last Friday and after that RBI Monetary committee announcements led high volatility was seen in 3 hours but Nifty could not sustain at higher levels and 250 Points down moves developed in Mid-Session as well as Nifty traded 160 points down also in last hour. As lower levels consolidation was also seen in last 2 hours therefore firstly upward moves are expected towards next resistances(23745-23807) in the beginning of next week.

Conclusions from intra day chart analysis 

Although Green opening last Friday and after that RBI Monetary committee announcements led high volatility was seen in 3 hours but Nifty could not sustain at higher levels and 250 Points down moves developed in Mid-Session as well as Nifty traded 160 points down also in last hour. As lower levels consolidation was also seen in last 2 hours therefore firstly upward moves are expected towards next resistances(23745-23807) in the beginning of next week.

Conclusions (After putting

all studies together)

1- Long Term Trend is down.

2- Intermediate Term Trend is at stake.

3- Short Term Trend is up.

Impulsive Wave-(iii) of Wave-3 which started from 18837.80 on 26-10-2023 gained 7439.5 points in 11 months and formed new life time top also at this level before completion at 26277.30 on 27-09-2024 and from this level corrective Wave-A of Wave-(iv) of Wave-3 of "ABC" correction begun. Now its corrective Wave-C of Wave-(iv) of Wave-3 is in continuation with its recent bottom formations at 22786.90 on 27-01-2025 after loosing 3490 points in the last 4 months.

Short Term indicators have started to show upward trend formations signals through MACD because now its both lines are rising in positive and negative zone.  Although in Stochastic its both lines %K(5) and %D(3) are kissing in Over bought zone but it has not shown clear signals of short term downward moves beginning therefore some more upward moves can not be ruled out in the coming week.

As finally sustaining beyond Intermediate Term Trend decider 55-Day SMA will generate strong signals of next trend therefore it should be firstly watched because once sustaining above it will mean upward moves beginning for 3 weeks to 3 months and in that situation Nifty may test Long Term Trend decider 200-Day SMA which is now less than 500 points above Intermediate Term Trend decider 55-Day SMA. It should also be kept in mind that once sustaining above 200-Day SMA will mean strong rally beginning after on going "ABC" correction completion confirmations. 

14 Sessions trading from 13-01-2025 to 30-01-2025 was between 22787-23426 and this trading range was forcefully broken out just one day before Union Budget-2025 on 31-01-2025. Nifty traded above this range also in the last 4 sessions of previous week between 23424-23807 with above mentioned supports and resistances therefore firstly sustaining beyond this range should be watched in the coming week/weeks because it will generate first strong signal of next trend formations. Finally sustaining beyond following 2 crucial levels will confirm next trend formation and life/length of on going "ABC" correction also:-

1- 14 Sessions trading range highest(23426) because sustaining above it will mean strong rally beginning after valid break out of 14 sessions like bigger trading range(22787-23426) and sustaining below it will mean invalid break out of 14 Sessions trading Highest(23426) and after that deeper correction beginning will be seen.

2- 55-Day SMA(today at 23790) because finally 500 points moves above or below it will confirm all the trends turning up or down.

Upward moves expectations towards

next resistances

Nifty-Intra Day Chart Analysis & Market

Outlook(07-02-2025)

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

Technical Patterns formation in today intraday charts

1- 145 Points down moves in first hour

2- Consolidation between 23557-23621

3- Whole day actual trading between 23557-23773

Conclusions from intra day chart analysis 

Although positive opening but higher levels selling was seen yesterday therefore could not sustain and firstly 145 points down moves were seen in first hour. As  consolidation developed in last 4  hours therefore upward moves are expected towards next resistances(23745-23807) and finally sustaining it beyond should be watched tomorrow for next intraday decisive moves beginning confirmations.

Finally sustaining beyond  23650 -23745

 will confirm next intraday decisive

 moves beginning 

Nifty-Intra Day Chart Analysis &

Market Outlook(06-02-2025)

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

Technical Patterns formation in today intraday charts

1- Selling between 23745-23807

2- Sharp fall

3- Whole day actual trading between 23681-23807

Conclusions from intra day chart analysis 

Following lines were told at 12:36 AM on 05-02-2025 in "Watch next resistances amid firstly Upward moves expectations":-

1- firstly upward moves are expected in the coming session 

2- higher levels profit booking can not be ruled out

As was told 100% same happened and:-

1- Firstly Nifty traded 67 points up 

2- After that profit booking developed at higher levels.

3- Finally very Short Term correction was seen.

4- Nifty closed 42 points down today. 

Although gap up opening today but higher levels selling developed which remained continued more than 5 hours therefore sharp fall was seen in last hour and Nifty closed 42 points down as well as near the lower levels of the day after loosing all intraday gains. 

Immediate supports of Nifty are above 23650 and immediate resistances of Nifty are above 23745 therefore Nifty will firstly trade and prepare for next intraday decisive moves within and near about 23650 -23745 an finally sustaining beyond this 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(05-02-2025)

Nifty-Intra Day Chart (04-Feb-2025):-

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel

2- Up moves with downward corrections

3- Whole day actual trading between 23424-23762

Conclusions from intra day chart analysis 

As whole day intraday consolidation patterns formations were seen yesterday therefore gap up strong opening was seen today. Although firstly Down moves developed but were in Bullish Falling Channel and after that whole day Up moves were with downward corrections as well as these both are consolidation patterns therefore Nifty closed 1.62% up today. As whole day intraday consolidation patterns formations today therefore firstly upward moves are expected in the coming session but Very Short Term indicators have turned Over Bought therefore intraday volatility and higher levels profit booking can not be ruled out hence sustaining beyond following resistances should be watched for next upward moves or very Short Term correction beginning confirmations:-

1- 23834-23877

2- 23892-24065

Upward moves expectations

 toward next resistances

Nifty-Intra Day Chart Analysis &

Market Outlook(04-02-2025)

Nifty-Intra Day Chart (03-Feb-2025):-

Technical Patterns formation in today intraday charts

1- Volatility in first hour 

2- Up moves with downward corrections

3- Consolidation between 23253-23294

4- Sharp up

5- Consolidation between 22318-22379

6- Whole day actual trading between 23222-23381

Conclusions from intra day chart analysis 

As US markets Futures were trading more than 1.5% down today morning and in reaction most Asian markets were also trading in Red as well as some Asian markets were more than 1% down therefore sentiment turned extremely depressed and resultant gap down weaker opening of Indian markets was seen today morning.  

Although firstly volatility in first hour but after that Up moves were with downward corrections which is a consolidation pattern and fresh consolidation developed in Mid-Session also therefore sharp up moves were seen. As follow up consolidation was seen in last hour also therefore it will be understood that only intraday consolidation patterns formations today hence upward moves are expected toward next resistances(23545-23632) in the coming sessions and finally sustaining it beyond should be watched in the coming sessions for next decisive moves beginning confirmations. 

 Firstly watch sustaining beyond 23426 for fresh Rally beginning above "Life Time Top" after on going "ABC" correction completion confirmations

Technical Analysis,Research & Weekly Outlook

(Feb 03 to Feb 07,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (01-Feb-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 22786.9 on 27-01-2025.

12- Previous 14 Sessions from 13-01-2025 to 30-01-2025 trading was between 22787-23426 and this trading range was forcefully broken out to 31-01-2025. 

14- Pull Back rally continuation with recent top formations at 23632.45 on 01-02-2025.

Conclusions from EOD chart analysis

(Waves structure)

Impulsive Wave-1 of new Waves structure begun from 18887.60 on 01-12-2022 after Corrective Wave-C of "ABC correction" of previous Waves structure completion at this level and from this level corrective Wave-2 started which completed at 16828.30 on 20-03-2023 and impulsive Wave-3 begun from this level.

Impulsive Wave-(i) of Wave-3 completed at 20222.40 on 15-09-20235 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 started from this levels which completed at 24792.30 on 13-12-2024 and from this levels corrective Wave-C of Wave-(iv) of Wave-3 begun which is now in continuation with recent bottom formations at 22786.9 on 27-01-2025 and no confirmation of its completion yet on EOD charts but Pull Back rally begun from this level which is now in continuation with recent top formations at 23632.45 on 01-02-2025 and no confirmation of its completion also on EOD and intraday charts.

Previous 14 Sessions(from 13-01-2025 to 30-01-2025) trading was between 22787-23426 and this trading range was forcefully broken out to 31-01-2025 as well as finally sustaining beyond the top of this trading range(23426) will generate strong signals of next trend formations therefore it should be firstly watched in the coming week/weeks for next trend formation confirmations

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (01-Feb-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 above and below Over  bought zone.

2- Stochastic:- %K(5)- 86.03 & %D(3)- 75.87.

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

4- MACD(26,12)- -188.72 & EXP(9)- -289.03 & Divergence- 100.31

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 above and below Over  bought zone and this indicator have not turned completely Over bought yet therefore it will be understood that this indicator is showing signals of some more upward moves possibility in the coming week.

2- As in MACD its MACD line has intersected Average line upward and its both lines are rising in negative zone therefore it will be understood that this indicator is confirming Downward Trend formations but some upward moves possibility in Short Term also because its both lines are rising after upward intersection.

Nifty-Intra Day Chart Analysis

(01-Feb-2025)

Nifty-Intra Day Chart (01-Feb-2025):-

Technical Patterns formation in today intraday charts

1- Selling between 23545-23632

2- Sharp fall

3- Consolidation between 23319-2347

4- Upward moves

5- Sideways trading in last 2 hours between 23459-23543

6- Whole day actual trading between 23319-23632

Conclusions from intra day chart analysis 

Although firstly upward moves after positive opening but higher levels selling developed therefore sharp fall was seen during Budget speech. As lower levels consolidation was also seen during Budget speech therefore some upward moves were also developed after Budget completion but Sideways trading developed in last 2 hours. 

As whole day Union Budget-2025 led intraday volatility with lower levels consolidation and higher levels selling also therefore whole day Budget day trading will be understood with Mixed Patterns formation between 23319-23632 and Nifty will firstly trade as well as prepare for next trend within and near about this trading range. It is confirm that finally sustaining beyond Budget day trading range(23319-23632) will form next trend and also generate that side one sided bigger moves therefore it should be firstly watched in the coming week for that side next Trend formations and accordingly that side bigger moves beginning confirmations.

Conclusions (After putting all studies together)

1- Long Term Trend is at down.

2- Intermediate Term trend down.

3- Short Term Trend is up.

"ABC" correction of Wave-(iv) of Wave-3 is in continuation of that impulsive Wave-1 which started from 18887.60 on 01-12-2022 and its Wave-(iii) of Wave-3 completed with new life time top formations at 26277.30 on 27-09-2024. Now its corrective Wave-C of Wave-(iv) of Wave-3 is in continuation with recent bottom formations at 22786.9 on 27-01-2025 and no confirmation of its completion also on EOD charts but Pull Back rally which begun from this level is now in continuation with recent top formations at 23632.45 on 01-02-2025 and no confirmation of its completion also on EOD and intraday charts.

Previous 14 Sessions(from 13-01-2025 to 30-01-2025) trading was between 22787-23426 and this range has become most crucial because:-

1- This trading range was forcefully broken out on 31-01-2025. 

2- Nifty traded within and above this trading range on Budget day(01-02-2025). 

3- Nifty closed above it also at 23482.15 on Budget day. 

As bottom of previous 14 Sessions trading range is the bottom of on going corrective Wave-C and finally sustaining above its top(23426) will mean strong signal of on going "ABC" correction completion as well as Wave-(v) of Wave-3 beginning above life time top(26277.30) which should be firstly watched in the coming week for its confirmations. If Nifty fails to sustain above 23426 then bottom of previous 14 Sessions trading range(22787) should be watched for deeper correction beginning confirmations.

Finally sustaining beyond 23426 will confirm the life & length of on going "ABC" correction amid Union Budget-2025 high volatility

Nifty-Intra Day Chart Analysis &

Market Outlook(01-02-2025)

Nifty-Intra Day Chart (31-Jan-2025):-

Technical Patterns formation in today intraday charts

1- Up moves with downward corrections

2- Up moves in Bearish Rising Channel

3- Selling between 23502-23528

4- Sharp Downward moves

5- Consolidation between 23424-23449

6- Sharp Upward moves

7- Whole day actual trading between 23278-23546

Conclusions from intra day chart analysis 

Although firstly down moves after positive opening but Up moves begun with downward corrections which means that lower levels patterns formations developed today. As firstly selling patterns formations of Up moves in Bearish Rising Channel and after that higher levels selling also therefore sharp downward moves were seen in Mid-Session. 

As fresh consolidation also developed in Mid-Session therefore sharp upward moves were seen in last hour and Nifty closed at the the intraday higher levels of the day. Although both intraday consolidation and selling patterns were seen today and Union Budget-2025 led intraday high volatility may also be seen tomorrow  but finally sustaining beyond 23426 should also be watched tomorrow and in the beginning of next week because:-

1- 23426 is the highest of previous 14 sessions trading range(22787-23426)

2- Finally sustaining beyond 23426 will confirm the life and length of on going that "ABC" correction which begun from 26277.30 on 27-09-2024 and now in continuation with recent bottom formations at 22786.9 on 27-11-2025 in this week.

 Pre-open Outlook(31-01-2025)

As "Economic Survey" will be tabled in the Parliament today therefore Indian markets may be highly volatile hence remain cautious

On going Pull Back rally continuation

 will be seen

Nifty-Intra Day Chart Analysis &

Market Outlook(31-01-2025)

Nifty-Intra Day Chart (30-Jan-2025):-

Technical Patterns formation in today intraday charts

1- Sharp up

2- Consolidation Patterns formation between 23226-23309

3- Consolidation Patterns formation between 23140-23196

4- Sharp up

5- Whole day actual trading between 23140-23322

Conclusions from intra day chart analysis 

Although firstly some downward moves after flat opening but after that sharp upward moves developed because good intraday consolidation was seen in previous sessions. As almost 5 hours consolidation Patterns formation in Mid-Session and in last hours also therefore again sharp upward moves were seen in last half hour also. It is clear that whole day only consolidation Patterns formations today therefore on going Pull Back rally continuation will be seen in the coming sessions.

As out of station therefore unable 

to post today(30-01-2025) Outlook. 

Upward moves expectations &

finally 22952-23069 will confirm

 next decisive moves beginning 

Nifty-Intra Day Chart Analysis &

Market Outlook(29-01-2025)

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

Technical Patterns formation in today intraday charts

1- Consolidation between 22858-22923

2- Up moves in Bearish Rising Channel between 22952-23069

3- Sharp up

4- Sharp down

5- Consolidation between 22918-22982

6- Whole day actual trading between 22858-23137

Conclusions from intra day chart analysis 

Although firstly downward moves after moves positive opening but lower levels consolidation developed therefore upward moves started. As these more than 3 hours upward moves were in Bearish Rising Channel therefore 190 points sharp fall was seen in only 7 minutes from intraday higher levels.  

As minor consolidation between 22918-22982 was also seen in last half hour therefore it will be understood that lower levels clear consolidation patterns developed today hence upward moves will be seen towards today intraday higher levels. Almost 3 hours up moves were in Bearish Rising Channel between 22952-23069 therefore Nifty will firstly trade and prepare for next decisive moves within and near about this range as well as finally sustaining it beyond will confirm next decisive moves beginning in the coming sessions.

Upward moves expectations

 towards 22968  

Nifty-Intra Day Chart Analysis &

Market Outlook(28-01-2025)

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

Technical Patterns formation in today intraday charts

1- Upward moves after negative opening

2- Selling between 22968-23007

3- Sharp fall

4- Volatility in Mid-Session between 22831-22944

5- Down moves in Bullish Falling Channel

6- Whole day actual trading between 22787-23007

Conclusions from intra day chart analysis 

Although firstly upward moves after negative opening but selling developed at higher levels and intraday selling patterns were seen last Friday also therefore sharp fall was seen after that. As volatility in Mid-Session between 22831-22944 and after that Down moves were in Bullish Falling Channel in last hours therefore upward moves are expected towards 22968 in the coming sessions  and firstly sustaining it beyond should be watched for next intraday decisive moves beginning confirmations.

All the Trends are Down & watch

 next supports and resistances also amid

 Union Budget-2025 led Volatility

Technical Analysis,Research & Weekly

Outlook(Jan 27 to Jan 31,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (24-Jan-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 22976.60 on 21-01-2025.

6- Last 10 sessions sideways between 22977-23426

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 of "ABC" correction completion at this level. Impulsive Wave-(iii) of Wave-3 gained 7439.5 points in 11 months before completion at 26277.30 on 27-09-2024 after new life time top formations at this level and Corrective Wave-A of Wave-(iv) of Wave-3 completed this level. 

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. Corrective Wave-C of Wave-(iv) of Wave-3 begun from this level which is now in continuation with recent bottom formations at 22976.60 on 21-01-2025 and no confirmation of its completion yet on EOD charts.

Last 10 sessions sideways trading is being seen between 22977-23426 and finally sustaining beyond or forceful break out/down of this range will generate next bigger moves therefore should be watched in the coming week for next Trend formations and/or next bigger moves beginning confirmations

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (24-Jan-2025):-

Technical Patterns and Formations in EOD charts

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

2- Stochastic:- %K(5)- 38.74 & %D(3)- 39.07.

3- In MACD- Its both MACD line and Average line are kissing in negative zone.

4- MACD(26,12)- -310.42 & EXP(9)- -326.80 & Divergence- 16.38

Conclusions from EOD chart analysis

(Stochastic & MACD)

Technical positions of Short Term indicators are as follows:-

1- As in Stochastic indicator its both lines %K(5) and %D(3) are kissing above Over sold zone therefore it will be understood that at present this indicator is not showing clear signals of any side Short Term moves beginning. Let its both lines to start one sided moves after %K(5) line intersection of %D(3) line then that side Short Term moves will be seen in the coming week.

2- As in MACD indicator its both MACD line and Average line are kissing in negative zone therefore it will be understood that now Short Term Trend is down but at present this indicator is not showing clear signals of any side immediate Term moves beginning. Let its both lines to start one sided moves after MACD line intersection of Average line then that side immediate moves will be seen.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (24-Jan-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 23164 

2- 21-Day SMA is today at 23467

3- 55-Day SMA is today at 23881

4- 100-Day SMA is today at 24407

5- 200-Day SMA is today at 23984

Conclusions from EOD chart analysis

(Averages)

Although Nifty is hovering around 5-Day SMA for the last 11 sessions but all the Trends are down because Nifty is well below and sustained below all the Short to Long Term decider 21,55 and 200-Day SMAs. Let Nifty to sustain above following Averages then that Trend will be up:- 

1- Short Term Trend will be up after sustaining above 21-Day SMA.

2- Intermediate Term Trend will be up after sustaining above 55-Day SMA. 

3- Long Term Trend will be up after sustaining above 200-Day SMA.

Nifty-Intra Day Chart Analysis

(24-Jan-2025)

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

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel

2- Up moves with downward corrections

3- Selling between 23295-23347

4- Down moves with upward corrections

5- Whole day actual trading between 23051-23347

Conclusions from intra day chart analysis 

Although firstly downward moves after negative opening but were in Bullish Falling Channel therefore upward moves were seen after 1st hour downward moves. As these upward moves were with downward corrections which means with intraday consolidation patterns formations hence Nifty recovered 244 points form lower levels and traded 141 points up also. 

Nifty could not sustain at higher levels because fresh selling patterns formations were seen and after that last more than 3 hours down moves were with upward corrections which means more intraday selling patterns formations therefore it will be understood that more intraday selling patterns developed last Friday hence firstly downward moves are expected in the beginning of next week.

Conclusions

(After putting all studies together)

1- Long Term Trend is at down.

2- Intermediate Term trend down.

3- Short Term Trend is down.

Corrective Wave-A of Wave-(iv) of Wave-3 of "ABC" correction which started from 26277.30 on 27-09-2024 after Impulsive Wave-(iii) of Wave-3 completion and new life time top formations at this level. Now Corrective Wave-A of Wave-(iv) of Wave-3 in in continuation after loosing 3300 points in the last 3 months. Although now no confirmation of on going correction completion but firstly sustaining beyond last 10 sessions sideways range(22977-23426) should be watched in the coming week/weeks for the next Trend formations and that side Short Term moves beginning confirmations.

As Short Term indicators are not showing of any side decide moves beginning clear signals and Averages are confirming that all the trends are down as well as last Friday intraday charts are also showing downward moves beginning signals therefore firstly sustaining beyond the lowest of last 10 sessions trading range(22977-23426) should be watched in the coming week for the confirmation of on going Short Term Correction continuation/completion. 

As Union Budget-2025 will be presented on 01-02-2025 and Union Budget led volatility will be seen in the coming week therefore following supports and resistances should also be watched one by one for next decisive moves beginning confirmations:-

Next supports below previous week closing are as follows:- 

1- 22760-22871

2- 22291-22395

3- 21884-22191

4- 21502-21582

5- 21417-21500

Next resistances above previous week closing are as follows:- 

1- 23178-23207

2- 23295-23347

3- 23355-23426

4- 23498-23601

5- 23603-23649

6- 23834-23877

7- 23892-24065

8- 24106-24143

9- 24191-24230

10-24282-24314

Sustaining beyond most crucial

 levels will generate more than

 1% one sided moves

Nifty-Intra Day Chart Analysis &

Market Outlook(24-01-2025)

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

Technical Patterns formation in today intraday charts

1- Sharp upward moves after negative opening

2- More than 5 hours sideways trading between 23198-23270

3- Whole day actual trading between 23091-23270

Conclusions from intra day chart analysis 

Although firstly slipping after negative opening and Nifty traded 64 points down also but sharp upward moves were seen after that as well as Nifty traded more than 5 hours sideways between 23198-23270 today. Resistances between 23205-23293 were posted in both 2 previous Outlooks and Nifty traded more than 5 hours sideways within and little below this range between 23198-23270 today as well as Nifty closed exactly today at the bottom of mentioned resistance range at 23205.35. As in this manner levels between 23198-23293 has become most crucial and next bigger moves decider also as well as finally sustaining beyond this range will generate next more than 1% one sided moves hence it should be watched in the coming sessions for more than 1% moves beginning confirmations.

Watch immediate Support & Resistances

 after Intraday Volatility

Nifty-Intra Day Chart Analysis & 

Market Outlook(23-01-2025)

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

Technical Patterns formation in today intraday charts

1- Intraday volatility

2- Whole day actual trading between 22982-23169

Conclusions from intra day chart analysis 

Although strong US markets closing led positive opening of Nifty but one day before good intraday selling was seen in Indian markets therefore Nifty could not sustain and downward moves started which remained continued more than 4 hours. 1st supports between 22961-23096 was posted at 09:36 PM on 20-01-2025 and Nifty got supports within this range at 22981.30 as well as upward moves begun which remaied continued till last half hour. 

As whole day only intraday volatility and one sided clear intraday trading patterns were not seen therefore sustaining beyond following immediate supports and immediate resistances should be watched for next one sided decisive moves moves beginning confirmations:-                                            

1- Immediate support(22961-23096)

2- Immediate resistances(23205-23293)

Firstly watch sustaining beyond 

23205-23293 after US markets 

led upward moves today

Post-open Outlook

(22-01-2025)

As Dow Jones closed 537 points up yesterday and resultant sentiment turned positive today morning therefore 

1- Green zone trading of Indian markets is being seen today. 

but

2- Midcap and Smallcap Indices are now trading more than 700 and 250 points down respectively.

3- Bank Nifty is trading in Red

As good selling was seen between 23205-23293 and above this range yesterday and this range is immediate resistance of Nifty therefore until Nifty will not sustain above this range till then decisive up moves will not be seen and firstly sustaining it beyond should be watched today for next intraday decisive moves beginning confirmations. 

Downward moves expectations

 towards next supports

Nifty-Intra Day Chart Analysis & Market

Outlook(22-01-2025)

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

Technical Patterns formation in today intraday charts

1- Selling between 23345-23426

2- Sharp down

3- Consolidation between 23147-23215

4- Sharp up

5- Selling between 23364-23411

6- Sharp down

7- Consolidation between 23109-23168

8- Selling between 23205-23293

9- Sharp down

10- Whole day actual trading between 22977-23426

Conclusions from intra day chart analysis 

As good intraday consolidation yesterday therefore firstly Nifty traded 76 points up after gap up opening but fresh selling developed immediately after opening  hence sharp down moves were begun which remained continued till last hour because whole day follow up selling was seen at intraday higher levels. 

Although whole day high intraday volatility with lower levels consolidation and and higher levels selling with sharp upward and downward moves also but higher levels more selling developed therefore firstly downward moves are expected towards following next supports. Sustaining beyond following supports should also be watched one by one for next intraday decisive moves beginning confirmations:- 

1- 22961-23096

2- 22760-22871

Upward moves expectations

 towards next resistances

Nifty-Intra Day Chart Analysis &

Market Outlook(21-01-2025)

Nifty-Intra Day Chart (20-Jan-2025):-

Technical Patterns formation in today intraday charts

1- Consolidation between 23171-23239

2- Upward moves

3- More than 4 hours consolidation between 23329-23391

4- Whole day actual trading between 23171-23391

Conclusions from intra day chart analysis 

Although firstly 119 points down moves after positive opening and Nifty traded in negative zone also but lower levels consolidation developed therefore after that upward moves were seen. As more than 4 hours consolidation in last hours also therefore firstly upward moves are expected towards following next resistances and sustaining beyond these resistances should be watched one by one for next intraday moves beginning confirmations:- 

1- 23498-23601

2- 23603-23649

 Finally sustaining beyond 23048-23391 will generate indications of next Trend formations

Technical Analysis,Research & Weekly Outlook

(Jan 20 to Jan 24,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (17-Jan-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 23047.30 on 13-01-2025.

12- Last 5 Sessions actual trading between 23048-23391 

Conclusions from EOD chart analysis

(Waves structure)

Impulsive Wave-1 of new Waves structure started from 18887.60 on 01-12-2022 after Corrective Wave-C of "ABC correction" of previous Waves structure completion at this level and from this level corrective Wave-2 begun which completed at 16828.30 on 20-03-2023 and impulsive Wave-3 started from this level.

Impulsive Wave-(i) of Wave-3 completed at 20222.40 on 15-09-20235 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 begun from this levels which completed at 24792.30 on 13-12-2024 and from this levels corrective Wave-C of Wave-(iv) of Wave-3 started which is now in continuation with recent bottom formations at 23047.30 on 13-01-2025 and no confirmation of its completion yet on EOD charts. 

Last 5 sessions trading was between 23048-23391 after 148 points gap down opening on 13-01-2025 and this gap was filled up also on 16-01-2025. As finally sustaining beyond last 5 sessions trading range will generate first signal of following trends continuation/completion therefore for it should be watched in the coming week/weeks:-  

1- On going corrective Wave-C of Wave-(iv) of Wave-3.

2- On going "ABC" correction.   

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (17-Jan-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)- 57.72 & %D(3)- 47.38.

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

4- MACD(26,12)- -1470.25 & EXP(9)- -1323.28 & Divergence- 146.97

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 and this indicator have not turned Over bought yet therefore it will be understood that this indicator is showing signals of Short Term upward moves possibility in the coming week.

2- As in MACD its MACD line has intersected Average line downward and its both lines are in negative zone therefore it will be understood that this indicator is confirming Downward Trend formations but now its both lines are moving flat also hence remain watchful and if its MACD line intersects Average line upward then Short Term upward moves will be seen.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (17-Jan-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 23198 

2- 21-Day SMA is today at 23608

3- 55-Day SMA is today at 23976

4- 100-Day SMA is today at 24507

5- 200-Day SMA is today at 23967

Conclusions from EOD chart analysis

(Averages)

Nifty has closed below all the 4 higher Averages and at 5-Day SMA last Friday which means that all the Trends are down. Let Nifty to sustain above following Averages then that Trend will be up:- 

1- Short Term Trend will be up after sustaining above 21-Day SMA.

2- Intermediate Term Trend will be up after sustaining above 55-Day SMA. 

3- Long Term Trend will be up after sustaining above 200-Day SMA.

Nifty-Last 5 Sessions

intraday charts analysis

Nifty-Intra Day Chart (Jan 13 to Jan 17,2025):-

Technical Patterns formation in last 5 Sessions intraday charts

1- Higher levels resistanes developed in last 5 sessions between:- 

A- 23218-23265

B- 23305-23349

2- Lower levels supports developed in last 5 sessions between:-

A- 23101-23202

B- 23054-23095

3- Last 5 Sessions actual trading between 23048-23391 

Conclusions from 5 Sessions

intra day chart analysis 

As last 5 Sessions actual trading between 23048-23391 with above mentioned supports and resistances which seems almost equally strong therefore Nifty will firstly trade and prepare for next Short Term Trend within and near about last 5 Sessions actual trading range and finally sustaining it beyond will confirm next Short Term Trend and that side bigger moves beginning which should be firstly watched in the coming week and next Short Term Trend formation confirmations.

Nifty-Intra Day Chart

 Analysis(17-Jan-2025)

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

Technical Patterns formation in today intraday charts

1- 3 Times higher levels selling between 23218-23265

2- Consolidation between 23101-23159

3- Consolidation between 23168-23202

4- Whole day actual trading between 23101-23292

Conclusions from intra day chart analysis 

As firstly slipping after weaker opening and after that fresh selling also therefore sharp fall was seen after that and Nifty traded 211 points down in first 2 hours. Although Nifty traded 211 points down but lower level consolidation developed therefore Nifty recovered 162 points also in Mid-Session.

Although Nifty closed 108 points down last Friday but lower levels 2 times consolidation was seen despite 3 times higher levels selling also therefore Nifty will firstly trade and prepare for next decisive moves within and near about last Friday actual trading range(23101-23292) and finally sustaing it beyond will confirm next decisive moves beginning which should be firstly watched in the beginning of next week.

Conclusions (After putting all studies together)

1- Long Term Trend is at down.

2- Intermediate Term trend down.

3- Short Term Trend is down.

"ABC" correction of Wave-(iv) of Wave-3 begun from 26277.30 on 27-09-2024 after Impulsive Wave-(iii) of Wave-3 completion at this level and now its Wave-C is in continuations with its recent recent bottom formations at 23047.30 on 13-01-2025 as well as no confirmation of its completion yet on EOD charts. 

As most Short Term Averages are below its next higher Averages therefore it will be understood that now on going correction continuation is in its complete force. Although Short Term indicator Stochastic is showing signals of Short Term upward moves beginning possibility in the coming week but now another Short Term indicator MACD is not indicating any side immediate decisive moves beginning possibility therefore remain watchful because now more confirmations are required.

First signal of next short Term moves beginning will emerge from sustaining beyond last 5 Sessions trading range(23048-23391) therefore next supports and resistances within this range have been updated above which should be firstly watched for next immediate moves beginning indications/confirmations. As sustaining beyond last 5 Sessions trading range will generate indications of next Trend formation also therefore should be firstly watched and finally sustaining beyond following levels should also be watched for next Trend formation confirmations:-

1- If Nifty sustains below 23048 then following levels should be watched:-

A- 50.0%- 22,557 (Fibonacci Retracement Crucial Level)

B- 61.8%- 21,679 (Fibonacci Retracement Crucial Level)

2- If Nifty sustains above 23391 then following levels should be watched:-

A- 21-Day SMA(today at 23608) for Short Term Trend confirmations.

B- 55-Day SMA(today at 23976) for Intermediate Term Trend confirmations.

C- 200-Day SMA(today at 23967) for Long Term Trend confirmations.