Short Term upward moves beginning

 possibility amid forceful

 correction continuation

Technical Analysis,Research & Weekly Outlook

(Mar 03 to Mar 07,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (28-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 22104.60 on 28-02-2025.

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 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 22104.60 on 28-02-2025 and no indication of its completion yet on EOD charts. 

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (28-Feb-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 in Over sold zone.

2- Stochastic:- %K(5)- 5.54 & %D(3)- 8.32.

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

4- MACD(26,12)- -385.44 & EXP(9)- -206.83 & Divergence- -178.61

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 in Over sold zone and have turned completely Oversold also therefore it will be understood that this indicator is showing first signal of Short Term upward moves beginning. Let its both lines to move above Oversold zone after %K(5) line upward intersection of %D(3) line then Short Term Upward moves/Pull Back Rally will be seen. 

2- As in MACD indicator its MACD line has intersected Average line downward and its both lines are falling in negative zone therefore it will be understood that this indicator is confirming downward trend formations and resultant on going downward moves continuation expectations.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (28-Feb-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 22513 

2- 21-Day SMA is today at 23082

3- 55-Day SMA is today at 23390

4- 100-Day SMA is today at 23822 

5- 200-Day SMA is today at 24073

Conclusions from EOD chart analysis

(Averages)

As all the lower term SMAs are below its higher Averages and all the SMAs are in falling mode except 200-Day SMA as well as Nifty closed below all the Averages last Friday therefore it will be understood that all the Trends are now down and correction continuation in its full force.

Nifty-Intra Day Chart Analysis

(28-Feb-2025)

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

Technical Patterns formation in today intraday charts

1- 215 Points down in first hour after 75 points gap down opening

2- Down moves in Bullish Falling Channel between 22216-22297

3- Support between 22105-22149

4- Whole day actual trading between 22105-22450

Conclusions from intra day chart analysis 

As all the Global markets were in crashing mode last Friday therefore 215 Points downward moves were seen in first hour after 75 points gap down opening. After that firstly Down moves in Bullish Falling Channel between 22216-22297 and then lower levels support also in the last more than 2 hours therefore upward moves are expected towards 22216 in the beginning of next week. Sustaining beyond 22216-22297 should be finally watched for next Short Term moves beginning confirmations.

Conclusions (After putting

all studies together)

1- Long Term Trend is down.

2- Intermediate Term trend is down.

3- Short Term Trend is down.

Impulsive Wave-(iii) of Wave-3 completed  at 26277.30 on 27-09-2024 and from this level corrective Wave-A of "ABC" correction of Wave-(iv) of Wave-3 started. All the Tends have turned down during this correction which is now in continuation through corrective Wave-C of Wave-(iv) with recent bottom formations at 22104.60 on 28-02-2025 after loosing 4172.7 points in the last 5 months.

All the Averages and MACD indicator are confirming downward Trend formations. As Short Term indicator Stochastic is signalling Short Term upward moves beginning possibility and last Friday intraday charts patterns are also suggesting that upward moves possibility in beginning of coming week Short Term upward moves are expected towards following next resistances in the coming week                           

1- 22451-22508(Gap resistance)

2- 22533-22556

3- 22571-22619

4- 22894-22923

5- 23020-23085

6- 23178-23235

7- 23284-23348

8- 23577-23681

9- 23745-23807

Next supports below last Friday closing are as follows:-

1- 22055-22106

2- 21884-22191

3- 21502-21582

4- 21417-21500

Watch next Supports amid crashing

 Global Markets

All the Global markets are in crashing mode today morning in following mode:-

As all the US Markets closed negative and some Indices closed more than 1.5% down yesterday and US markets Futures are also trading in Red today morning therefore sentiment has turned completely depressed and all the following Asian markets are now trading 1.25% to 3.13% down:-

1- Nikkei 225(Japan) is trading 1,198.50 Points(-3.13%) Down today morning

2- Hang Seng(Hong Kong) is trading 462.54 Points(-1.95%) Down today morning

3- Taiwan Weighted is trading 349.37 Points(-1.49%) Down today morning

4- SET(Bangkok) is trading 5.41 Points(-1.25%) Down today morning

5- KOSPI(Korea) is trading 73.88 Points(-2.82%) Down today morning

As Indian Stock Markets will also react today on Bearish Global Markets mood through negative opening therefore following next Supports below yesterday closing should be watched one for next intraday decisive moves beginning confirmations:-

1- 22444-22485

2- 22357-22403

3- 22291-22327

4- 22055-22106

Sustaining above 22617 will confirm

strong rally beginning

Technical Analysis,Research Outlook(28-02-2025)

Nifty-EOD Chart Analysis

(Stochastic)

Nifty-EOD Chart (27-Feb-2025):-

Technical Patterns and Formations in EOD charts

1- 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.

2- Corrective Wave-A of Wave-(iv) of Wave-3 completion at 23263.20 on 21-11-2024.

3- Corrective Wave-B of Wave-(iv) of Wave-3 completion at 24857.80 on 05-12-2024.

4- Corrective Wave-C of Wave-(iv) of Wave-3 continuation with recent bottom formations at 22506.40 on 27-02-2025.

5- Stochastic- %K(5) line has intersected %D(3) line downward and its both lines are falling in Over sold zone.

6- Stochastic:- %K(5)- 07.20 & %D(3)- 14.75

Conclusions from EOD chart analysis

(Stochastic)

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 started. Now its corrective Wave-C of Wave-(iv) of Wave-3 continuation with recent bottom formations at 22506.40 on 27-02-2025.

As in Short Term indicator Stochastic its %K(5) line has intersected %D(3) line downward and its both lines are falling in Over sold zone and have turned completely Oversold also therefore it will be understood that this indicator is showing first signal of Short Term upward moves beginning. Let its both lines to move above Oversold zone then Short Term Upward moves/Pull Back Rally will be seen and its 100% confirmation will be after sustaining above 22617 because Nifty has traded  more than 16 hours between 22517-22617 in last 3 sessions and finally sustaining above 22617 will be 16 hours trading range break out confirmations.

Sustaining beyond 22520-22617 will

 confirm next intraday decisive

 & bigger moves beginning 

Nifty-Intra Day Chart Analysis &

Market Outlook(27-02-2025)

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

Technical Patterns formation in today intraday charts

1- More than 10 hours trading in last 2 sessions between 22520-22617

Conclusions from intra day chart analysis 

As more than 10 hours trading in last 2 sessions between 22520-22617 and one sided clear intraday trading patterns formations were not seen within this range therefore firstly sustaining beyond this range should be watched in the coming sessions for next intraday decisive and bigger moves beginning confirmations.

As out of station therefore unable 

to post today(25-02-2025) Outlook. 

Correction continuation & Watch supports,resistances,levels for next

 Short Term moves beginning

Technical Analysis,Research & Weekly

Outlook(Feb 24 to Feb 28,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (21-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 22720.30 on 21-02-2025.

Conclusions from EOD chart analysis

(Waves structure)

Impulsive Wave-(iii) of Wave-3 started from 18837.80 on 26-10-2023 after corrective Wave-C of Wave-(ii) of Wave-3 completion at this level. 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-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 22720.30 on 21-02-2025 and no indication of its completion yet on EOD charts. 

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (21-Feb-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)- 36.53 & %D(3)- 39.81.

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

4- MACD(26,12)- -233.74 & EXP(9)- -01.50 & Divergence- -232.24

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 downward and its both lines are falling towards Over sold zone therefore it will be understood that this indicator is signalling on going correction continuation possibility in the coming week. 

2- As in MACD indicator In MACD its MACD line has intersected Average line downward and its both lines are falling in negative zone therefore it will be understood that this indicator is confirming Short Term downward trend formations and resultant on going correction continuation possibility in the coming week.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (21-Feb-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 22909 

2- 21-Day SMA is today at 23197

3- 55-Day SMA is today at 23548

4- 100-Day SMA is today at 23925

5- 200-Day SMA is today at 24067

Conclusions from EOD chart analysis 

(Averages)

All the Trends have turned down because;-

1- Nifty has closed all the Trend deciding Averages.

2- All the lesser Term Averages are below its higher Term Averages.

3- All the Averages except 200-Day SMA are in falling mode.

Nifty-EOD Chart Analysis(Fibonacci

retracement levels)

Nifty-EOD Chart (21-Feb-2025):-

Technical Patterns and Formations in EOD charts

1-Impulsive Wave-(iii) of Wave-3 begun from 18837.80 on 26-10-2023. 

2-Impulsive Wave-(iii) of Wave-3 completed at 26277.30 on 27-09-2024 and corrective Wave-(iv) of Wave-3 begun.  

3-Fibonacci Retracement levels of corrective Wave-(iv) of Wave-3(18837.80-18604.50):-

13.0%- 25,310.20 

23.6%- 24,521.60 

27.0%- 24,268.60 

38.2%- 23,435.40  (Crucial Level)

50.0%- 22,557.50  (Crucial Level)

61.8%- 21,679.70  (Crucial Level)

70.7%- 21,017.60 

76.4%- 20,593.50 

78.6%- 20,429.90 

88.6%- 19,685.90 

100.0%- 18,837.85

Conclusions from EOD chart analysis

(Fibonacci retracement levels)

Impulsive Wave-(iii) of Wave-3 which started from 18837.80 and completed 26277.30 as well as from this completion level corrective Wave-A of "ABC" correction of Wave-(iv) of Wave-3 started. Now its Wave-C is in  continuation with its recent bottom formations at 22720.30 on 21-02-2025 and no indication of its completion yet on EOD charts. As Wave-(iv) of Wave-3 is now correcting  according to Fibonacci retracement levels of Wave-(iii) of Wave-3  therefore these levels have been updated above which should be watched one by one for first signal of on correction continuation/completion according to sustaining beyond these levels in the coming weeks/months.

Nifty-Intra Day Chart Analysis

(21-Feb-2025)

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

Technical Patterns formation in today intraday charts

1- 200 Points sharp fall in first hour

2- More than 5 hours sideways trading between 22721-22820

3- Whole day actual trading between 22721-22921

Conclusions from intra day chart analysis 

Although firstly some upward moves after negative opening and once Nifty traded in positive zone also but Nifty fallen 200 points sharply in first hour last Friday. As more than last 5 hours trading was sideways between 22721-22820 therefore firstly sustaining beyond this range should be watched in the beginning of bext week for the next Very Short Term moves beginning confirmations.

Conclusions (After putting

all studies together)

1- Long Term Trend is down.

2- Intermediate Term trend is down.

3- Short Term Trend is down.

All the Trends have turned down during on going "ABC" correction of Wave-(iv) of Wave-3 which begun from 26277.30 on 27-09-2024 and now in continuation with recent at 22720.30 on 21-02-2025 after loosing 3557 points in almost 5 months and no indication of its completion yet on EOD charts. 

As all the Trends have turned down during on going correction and no indication of its completion yet on EOD charts as well as Short Term indicators are also signalling on going corrective wave-C of Wave-(iv) of Wave-3 continuation possibility therefore following supports,resistances and levels should be watched one by one for next Short Term moves beginning in the coming weeks:-

Next Supports below last Friday closing:-

1- 22657-22703

2- 22527-22583

3- 22444-22485

4- 22357-22403

5- 22291-22327

6- 22055-22106

7- 21884-22191

8- 21502-21582

9- 21417-21500

Fibonacci Retracement Crucial levels of corrective Wave-(iv) of Wave-3(18837.80-18604.50):-

38.2%- 23,435.40  (Corrected)

50.0%- 22,557.50  (Crucial Retracement Level)

61.8%- 21,679.70  (Crucial Retracement Level)

Retracement levels of on going corrective Wave C of Wave-(iv) of Wave-3:- 

1- 21844(100% of Wave A correction)

2- 19981(161.8% of Wave A correction)

Next resistances above last Friday closing are as follows which should be watched one by one for on going correction completion/continuation confirmations:-

1- 22894-22923

2- 23020-23085

3- 23178-23235

4- 23284-23348

5- 23577-23681

6- 23745-23807

Sustaining beyond 22872-22923 will

 confirm next intraday decisive

 moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(21-02-2025)

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

Technical Patterns formation in today intraday charts

1- Volatility in first hpur after weaker opening

2- More than 5 hours sideways trading between 22872-22923

3- Whole day actual trading between 22813-22923

Conclusions from intra day chart analysis 

Downward moves expectations towards next supports between 22760-22881 was told and Nifty got supports within this supports range.

Although volatility in first hour after 112 points weaker opening and Nifty traded whole day in negative zone also but more than 5 hours today trading was sideways between 22872-22923 as well as one sided intraday trading patterns were not seen within this range therefore firstly sustaining beyond this range should be watched in the coming session for next intraday decisive moves beginning confirmations.

Watch next supports amid Downward

 moves expectations

Nifty-Intra Day Chart Analysis &

Market Outlook(20-02-2025)

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

Technical Patterns formation in today intraday charts

1- 130 points sharp fall in first minute.

2- Sharp upward moves

3- Selling between 23020-23049

4- Sharp fall

5- Down moves with upward corrections

6- Whole day actual trading between 22815-23049

Conclusions from intra day chart analysis 

As negative news of tariff increase on US imports was broken out therefore Nifty traded 130 points down in first minute after weaker opening. Good intraday consolidation was seen in last 2 sessions therefore Nifty could not sustain at lower levels and moves up sharply as well as traded 104 points up also at 10:51 AM. 

Nifty could not sustain at higher levels also because fresh selling developed and after that whole day Down moves were with upward corrections therefore higher levels intraday selling patterns formations will be understood and resultant downward moves are expected towards next supports(22760-22881) and finally sustaining it beyond should be watched tomorrow for next intraday decisive moves beginning confirmations. 

Sustaining above 22974 will confirm

strong Pull back Rally beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(19-02-2025)

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

Technical Patterns formation in today intraday charts

1- 81 points sharp fall in first 5 minutes after positive opening.

2- Selling between 22911-22963

3- Sharp fall

4- Up moves with downward corrections

3- Whole day actual trading between 22802-22992

Conclusions from intra day chart analysis 

As good intraday consolidation yesterday therefore firstly Upward moves were seen after positive opening but not sustaining at higher levels and 81 points sharp fall also developed in first 5 minutes today morning.  Although sharp fall was again seen in first hour after fresh selling but upward moves started with downward corrections which remained continued till 3 PM therefore good intraday consolidation patterns formations will be also understood today. 

Nifty fallen sharply after 10:25 AM on 14-02-2025 and after that traded between  22726-22974 same day,yesterday and today it means that last more than 17 hours trading has been seen within this range with most time intraday consolidation patterns formations within this range therefore if Nifty sustains above 22974 then strong Pull back Rally will be seen therefore firstly sustaining it beyond should be watched for its confirmations.

Upward moves expectations toward

next resistances

Nifty-Intra Day Chart Analysis & Market

Outlook(18-02-2025)

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

Technical Patterns formation in today intraday charts

1- Volatility in first hour

2- More than 5 hours up moves with downward corrections

3- Whole day actual trading between 22726-22974

Conclusions from intra day chart analysis 

Although firstly  volatility in first hour after weaker opening and Nifty traded 203 points down also but after that  more than 5 hours up moves were seen with downward corrections which is intraday consolidation pattern therefore upward moves are expected  toward next resistances(23014-23133) and finally sustaining it beyond should be watched tomorrow for next intraday decisive moves beginning confirmations.

Short Term Upward moves beginning

 expectations amid all the Trends

 turning down confirmations

Technical Analysis,Research & Weekly Outlook

(Feb 17 to Feb 21,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (14-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 22774.85 on 14-02-2025.

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 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 22774.85 on 14-02-2025 and no indication of its completion yet on EOD charts. 

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (14-Feb-2025):-

Technical Patterns and Formations in EOD charts

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

2- Stochastic:- %K(5)- 23.59 & %D(3)- 20.16.

3- Its both MACD line and Average line are kissing above in positive zone.

4- MACD(26,12)- 83.16 & EXP(9)- 108.89 & Divergence- -25.73

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 a little above Over sold zone therefore it will be understood that at present this indicator is not showing clear signals of Short Term upward moves beginning. Let it move into complete Oversold zone and its both lines to start upward moves after %K(5) line upward intersection of %D(3) line then Short Term upward moves will be seen. 

2- As in MACD indicator its both MACD line and Average line are kissing in positive zone therefore it will be understood that now Short Term Trend is still up 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 decisive moves will be seen.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (14-Feb-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 23091 

2- 21-Day SMA is today at 23258

3- 55-Day SMA is today at 23694

4- 100-Day SMA is today at 24080

5- 200-Day SMA is today at 24051

Conclusions from EOD chart analysis

(Averages)

As Nifty has closed well below all the Short to Long Term Trend deciding Averages therefore its is confirm that now all the Trends have tuned down during on going correction and at present no indication of on going correction completion on all the Technical charts.

Nifty-Intra Day Chart Analysis

(14-Feb-2025)

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

Technical Patterns formation in today intraday charts

1- Selling between 23014-23133(immediate Resistances)

2- Sharp fall 

3- Consolidation between 22775-22881

4- Sharp up

5- Down moves in Bullish Falling Channel

6- Whole day actual trading between 22775-23133

Conclusions from intra day chart analysis 

Although positive opening last Friday and after that firsly some upward were also seen as well as once Nifty traded 100 points up also but higher levels selling developed in first hour therefore sharp fall was seen and Nifty traded 256 points down also. As lower levels more than 3 hours consolidation Patterns formations in Mid-Session therefore sharp upward moves were seen after that. Again consolidation developed in last hour through Down moves in Bullish Falling Channel in last hour therefore lower levels more than 4 hours good intraday consolidation will be understood last Friday hence upward moves are expected toward above mentioned immediate Resistances in the beginning of next week,firstly sustaining it beyond should be watched in the coming week for next decisive 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 down.

All the Tends have turned down during on going that "ABC" correction of Wave-(iv) of Wave-3 which started from 26277.30 on 27-09-2024 after impulsive Wave-(iii) of Wave-3 completion at this level. Now corrective Wave-C of Wave-(iv) of Wave-3 is in continuation after loosing 3502 points in the last more than 4 months and no indication of its completion yet on EOD charts also therefore on going correction continuation posibility can not be ruled out in the coming week/weeks/months. 

Averages are confirming that all the Trends are down and Short Term indicators are also not confirming possibility any side immediate Short Term moves beginning. As last Friday intraday charts are showing lower levels good intraday consolidation pattern formations and Short Term indicator Stochastic is near Over sold zone therefore Short Term Upward moves are expected in the beginning of next week hence firstly sustaining beyond following resistances and levels should be watched one by one for next decisive moves beginning confirmations:- 

1- 1st Resistance between 23014-23133

2- 2nd Resistance between 23178-23235

3- Short Term Trend decider 21-Day SMA(today at 23258)

4- 3rd Resistance between 23213-23348

5- 4th Resistance between 23577-23681

6- Internediate Term Trend decider 55-Day SMA(today at 23694)

7- 5th Resistance between 23745-23807

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

Next supports below previous week closing are as follows:- 

1- 22760-22881

2- 22291-22395

3- 21884-22191

4- 21502-21582

5- 21417-21500

Finally sustaining beyond 23006-23235

 will confirm next intraday

 decisive moves beginning

Nifty-Intra Day Chart Analysis &

 Market Outlook(14-02-2025)

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

Technical Patterns formation in today intraday charts

1- Sharp up

2- Selling between 23178-23235

3- Sharp down

4- Consolidation between 23006-23070

5- Whole day actual trading between 22993-23235

Conclusions from intra day chart analysis 

Although sharp up moves from intraday lower level in first hour but after that selling developed in Mid-Session therefore Nifty fallen sharply also. As lower levels consolidation developed in last hour therefore it will be understood that today whole day trading was with Mixed Patterns formation between 23006-23235 and Nifty will have to trade and prepare for next decisive moves within and near about this range tomorrow as well as finally sustaining beyond this range will confirm next intraday decisive moves beginning.

Finally sustaining beyond Immediate

 Supports & Resistances will form next

 Trend and generate that

 side decisive moves

Nifty-Intra Day Chart Analysis &

Market Outlook(13-02-2025)

Nifty-Intra Day Chart (12-Feb-2025):-

Technical Patterns formation in today intraday charts

1- Sharp fall in first hour

2- Up moves with downward corrections

3- Up moves in Bearish Rising Channel

4- Sharp fall

5- Consolidation between 23963-23022

6- Whole day actual trading between 22799-23144

Conclusions from intra day chart analysis 

Although sharp fall in first hour but after that Up moves were seen with downward corrections which is a consolidation pattern therefore Nifty recovered all intraday loss and traded in Green zone also. As some up moves were in Bearish Rising Channel therefore sharp fall was again seen in Mid-Session. 

As again consolidation was seen in last hour therefore some upward moves can not be ruled out tomorrow but high intraday volatility was seen today and technical positions reverses also during such high volatility therefore Nifty will firstly trade and prepare for next Trend within and near about following immediate Supports and Resistances in the coming sessions,finally sustaining it beyond will form next Short Term Trend and generate that side decisive moves therefore should be watched in the coming sessions for its confirmations:-

1- 22760-22871(Immediate Supports)

2- 23213-23348(Immediate Resistances)

Watch immediate Resistances amid

upward moves expectations

Nifty-Intra Day Chart Analysis &

Market Outlook(12-02-2025)

Nifty-Intra Day Chart (11-Feb-2025):-

Technical Patterns formation in today intraday charts

1- Selling between 23213-23348(immediate Resistances)

2- Sharp fall

3- Consolidation between 22987-23107

4- Whole day trading between 22987-23390

Conclusions from intra day chart analysis 

Although positive opening but slipping 52 points in first 2 minutes and after that selling was seen in first 4 hours therefore sharp fall was seen in Mid-Session. As lower levels consolidation patterns formations in the last more than 2 hours also therefore upward moves are also expected toward above mentioned immediate resistances and finally sustaining it beyond should be watched in the coming session for next intraday moves beginning confirmations.

Finally sustaining beyond 23317-23406

 will confirm next intraday

 decisive moves beginning 

Nifty-Intra Day Chart Analysis &

Market Outlook(11-02-2025)

Nifty-Intra Day Chart (10-Feb-2025):-

Technical Patterns formation in today intraday charts

1- More than 200 points sharp fall in first hour

2- More than 5 hours sideways trading between 23317-23406

3- Whole day actual trading between 23317-23568

Conclusions from intra day chart analysis 

Although firstly more than 200 points sharp fall in first hour but after that more than 5 hours sideways trading was seen between 23317-23406 and one sided intraday trading patterns were not seen within this range therefore Nifty will firstly trade and prepare for next decisive moves within and near about this trading range. Finally sustaining beyond this trading range should be watched tomorrow for next intraday decisive moves beginning confirmations.

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.