Finally Upward moves expectations after on going Short Term correction completion

Finally Upward moves expectations after on going Short Term correction completion

Technical Analysis,Research & Weekly 

Outlook(Mar 24 to Mar 28,2025)

Nifty-EOD Chart Analysis

(Waves structure)

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

Technical Patterns and Formations in EOD charts

1- Corrective Wave-C of previous Waves structure "ABC correction" completion at 15183.40 on 17-06-2022 and Impulsive Wave-1 of new Waves structure beginning.

2- Impulsive Wave-1 completion at 18887.60 on 01-12-2022.

3- Corrective Wave-2 completion at 16828.30 on 20-03-2023.

4- Impulsive Wave-(i) of Wave-3 completion at 20222.45 on 15-09-2023 and Wave-A of "ABC" correction beginning.

5- Wave-A of Wave-(ii) of Wave-3 completion at 19333.60 on 04-10-2023.

6- Wave-B of Wave-(ii) of Wave-3 completion at 19849.80 on 17-10-2023.  

7- Wave-C of Wave-(ii) of Wave-3 completion at 18837.80 on 26-10-2023 and impulsive Wave-(iii) of Wave-3 beginning. 

8- Impulsive Wave-(iii) of Wave-3 completion with new life time top formations at 26277.30 on 27-09-2024 and Corrective Wave-A of Wave-(iv) of Wave-3 of "ABC" correction beginning.

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

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

11- Corrective Wave-C of Wave-(iv) of Wave-3 completion at 21964.60 on 04-03-2025 and Impulsive Wave-(v) of Wave-3 beginning.

12- Impulsive Wave-(v) of Wave-3 continuation with recent top formations at 23869.60 on 25-03-2025.

Conclusions from EOD chart analysis

(Waves structure)

Impulsive Wave-1 of new Waves structure begun from 15183.40 on 17-06-2022  after corrective Wave-C of "ABC correction" of previous waves structure completion at this level. Impulsive Wave-1 started from this level which completed at 18887.60 on 01-12-2022 and from this level corrective Wave-2 begun which completed at 16828.30 on 20-03-2023.

Impulsive Wave-(i) of Wave-3 stated from this level which completed at 20222.40 on 15-09-2023 and from this level corrective Wave-A of "ABC" correction of Wave-(ii) of Wave-3 begun which completed at 19333.60 on 04-10-2023. Wave-B started from this level which completed at 19849.80 on 17-10-2023 and Wave-C begun which completed at 18837.80 on 26-10-2023. Impulsive Wave-(iii) of Wave-3 started from this level which completed with new life time top formations at 26277.30 on 27-09-2024 and corrective Wave-A of Wave-(iv) of Wave-3 begun from this level. 

Corrective Wave-A of Wave-(iv) of Wave-3 completed at 23263.20 on 21-11-2024 and Wave-B of Wave-(iv) of Wave-3 started from this levels which completed at 24857.80 on 05-12-2024 and from this levels corrective Wave-C of Wave-(iv) of Wave-3 begun which completed at 21964.60 on 04-03-2025 and Impulsive Wave-(v) of Wave-3 started from this level which is in continuation now with recent top formations at 23869.60 on 25-03-2025.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

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

Technical Patterns and Formations in EOD charts

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

2- Stochastic:- %K(5)- 47.67 & %D(3)- 64.16.

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

4- MACD(26,12)- 575.38 & EXP(9)- 206.85 & Divergence- 368.53

Conclusions from EOD chart analysis

(Stochastic & MACD)

Technical positions of Short Term indicators are as follows:-

1- As in Short Term indicator Stochastic its %K(5) line has intersected %D(3) line downward and its both lines are falling from Over bought zone therefore it will be understood that this indicator is confirming Short Term correction which was seen in previous week and may be seen in the coming week also but may be sideways also because many times Bull markets completes its Short Term correction in few sessions sideways markets also. 

2- As in MACD indicator its MACD line has intersected Average line upward and its both lines are rising in positive zone therefore it will be understood that this indicator is confirming Short Term upward trend formations and resultant on going upward moves continuation possibility also.

Nifty-Weekly Chart Analysis

(Stochastic & MACD)

Nifty-Weekly Chart (28-Mar-2025):-

Technical Patterns and Formations in Weekly 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)- 68.32 & %D(3)- 46.69.

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

4- MACD(26,12)- -629.92 & EXP(9)- -749.72 & Divergence- 119.8

Conclusions from Weekly chart analysis

(Stochastic & MACD)

Technical positions of Intermediate Term indicators are as follows:-

1- As in Intermediate Term indicator Stochastic %K(5) line has intersected %D(3) line upward and its both lines are rising from Over sold zone therefore it will be understood that this indicator is confirming upward moves continuation possibility.

2- As in MACD indicator 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 strongly signalling Intermediate Term upward trend formations and resultant upward moves continuation possibility also.

Nifty-EOD Chart Analysis

(Averages)

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

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 23585(Very Short Term Trend decider) 

2- 21-Day SMA is today at 22802(Short Term Trend decider) 

3- 55-Day SMA is today at 23024(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 22488

5- 200-Day SMA is today at 24082(Long Term Trend decider) 

 

Conclusions from EOD chart analysis

(Averages)

Short and Intermediate Term Trends have turned up after Nifty sustaining above its deciders 21-Day SMA and 55-Day SMA in previous week. As Nifty has hovered around 100-Day SMA in all the 5 sessions of previous week and Long Term Trend decider 200-Day SMA is less than 600 points above 100-Day SMA therefore once sustaining above it will mean testing possibility of 200-Day SMA which will decide next Long Term Upward Trend formations or not. Firstly sustaining beyond 100-Day SMA should be watched in the coming week for Long Term Trend formation initial indications and finally according to that next Long Term decisive moves beginning confirmations. 

Nifty-Last 5 Sessions

intraday charts analysis

Nifty-Intra Day Chart (Apr 01 to Apr 04,2025):-

Technical Patterns formation in last 5 Sessions intraday charts

1- Selling(Resistances) in last 5 Sessions are as follows:-

A- 23664-23736 

B- 23791-23851   

2- Consolidation(Supports) in last 5 Sessions are as follows:-

A-  23455-23529

B-  23446-23511

3- Last 5 Sessions trading between 23413-23869 

Conclusions from 5 Sessions

intra day chart analysis 

Last 5 Sessions of previous week trading between 23413-23869 with above mentioned Supports and Resistances. As these supports seems almost equal strong therefore expected that Nifty will firstly trade within and near about this last 5 sessions trading range and finally sustaining beyond this last 5 Sessions trading range should be watched in the coming week for next bigger moves beginning confirmations.

Conclusions (After putting

all studies together)

1- Short Term Trend is up.

2- Intermediate Term Trend is up.

3- Long Term Trend is down.

Impulsive Wave-(iii) of Wave-3 of that Waves structure completed  at 26277.30 on 27-09-2024 of which Wave-1 of new Waves structure started from 15183.40 on 17-06-2022. Now its Impulsive Wave-(v) of Wave-3 continuation with recent top formations at 23869.60 on 25-03-2025.

As Intermediate Term MACD indicator is strongly signalling Intermediate Term upward trend formations and Short Term MACD indicator is confirming Short Term upward trend formations as well as Intermediate Term Stochastic indicator is also confirming upward moves continuation possibility therefore finally Upward moves will be seen after Short Term correction completion because Short Term Stochastic indicator is signalling Short Term correction possibility which may be sideways also as some times it happens in Bullish markets.  

Averages are confirming that Short and Intermediate Term Trends are up and once sustaining above 100-Day SMA  will mean stronger testing possibility of Long Term Trend decider 200-Day SMA therefore:- 

1- Sustaining beyond 100-Day SMA should be watched for next decisive moves beginning confirmations towards Long Term Trend decider 200-Day SMA or not.

2- Firstly Sustaining beyond Last 5 Sessions trading range(23413-23869) should also be watched for first strong indication of next decisive moves beginning towards 200-Day SMA or not.  

Although precautionary above mentioned both levels should be watched but expected that finally decisive upward moves will be seen above 200-Day SMA after Long Term upward Trend formation confirmations.

Sustaining beyond 23562-23619

 will confirm next intraday

 decisive moves beginning

Nifty-Intra Day Chart Analysis & 

Market Outlook(28-03-2025)

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

Technical Patterns formation in today intraday charts

1- 209 Points up in first 2 hours after negative opening

2- More than 5 hours sideways trading between 23562-23619

3- Whole day trading between 23413-23646

Conclusions from intra day chart analysis 

Although firstly some downward moves after negative opening and once Nifty traded 74 points down also but got supports within previous Outlook updated 1st Supports range(23403-23433) at 23412.20 and upward moves begun which gained 209 Points up in first 2 hours. As more than 5 hours sideways trading between 23562-23619 and one sided intraday trading patterns were not seen therefore firstly sustaining beyond this range should be watched in the coming sessions for next intraday decisive moves beginning confirmations.

Watch next Supports amid Downward

 moves expectations

Nifty-Intra Day Chart Analysis &

Market Outlook(27-03-2025)

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

Technical Patterns formation in today intraday charts

1- Selling between 23664-23736

2- Down moves with upward corrections

3- Whole day trading between 23452-23736

Conclusions from intra day chart analysis 

Although firstly upward moves after positive opening but firstly higher levels selling developed in first 2 hours and after that whole day Down moves were with upward corrections therefore down moves are expected towards following next supports and finally sustaining beyond these supports should be watched in the coming session for next intraday decisive moves beginning confirmations:-

1- 23403-23433(Gap Support)

2- 23283-23379

As still out of station therefore unable 

to post today(26-03-2025) Outlook. 

As out of station therefore unable 

to post today(25-03-2025) Outlook. 

Finally sustaining beyond 23035-24068 will confirm all the Trends formations

Technical Analysis,Research & Weekly Outlook

(Mar 24 to Mar 28,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (21-Mar-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- Strong indications of corrective Wave-C of Wave-(iv) of Wave-3 completion at 21964.60 on 04-03-2025 and impulsive Wave-(v) of Wave-3 beginning.

6- Last 14 Sessions sideways trading range(21965-22676) forcefully broken out on 18-03-2025. 

7- Pull Back Rally continuation with recent top formations at 23402.70 on 21-03-2025. 

Conclusions from EOD chart analysis

(Waves structure)

Wave-C of Wave-(ii) of Wave-3 completed at 18837.80 on 26-10-2023 and from this level impulsive Wave-(iii) of Wave-3 started 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 of "ABC" correction begun. 

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 started begun is now in continuation with recent bottom formations at 21964.60 on 04-03-2025 but strong indications of its completion and impulsive Wave-(v) of Wave-3 beginning developed because:-

1- Pull Back Rally which begun from the lowest of Wave-C is forcefully continuation with 1438 points gains.

2- Last 14 Sessions sideways trading range(21965-22676) forcefully broken out on 18-03-2025.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (21-Mar-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 in Over bought zone.

2- Stochastic:- %K(5)- 95.53 & %D(3)- 90.85.

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)- 89.43 & EXP(9)- -214.73 & Divergence- 304.16

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 upward and its both lines are rising in Over bought zone therefore it will be understood that this indicator is completely Over bought and may show first signal of Short Term correction beginning signal through downward intersection then Short Term correction will be seen in the coming week/weeks.

2- As in MACD indicator 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 is signalling Short Term upward trend formations and resultant on going upward moves continuation possibility also.

Nifty-Weekly Chart Analysis

(Stochastic & MACD)

Nifty-Weekly Chart (21-Mar-2025):-

Technical Patterns and Formations in Weekly 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)- 51.75 & %D(3)- 28.37.

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

4- MACD(26,12)- -737.59 & EXP(9)- -743.78 & Divergence- 06.19

Conclusions from Weekly chart analysis

(Stochastic & MACD)

Technical positions of Intermediate Term indicators are as follows:-

1- As in Intermediate Term indicator Stochastic %K(5) line has intersected %D(3) line upward and its both lines are rising from Over sold zone therefore it will be understood that this indicator is showing on going upward moves continuation possibility which will be seen amid Very Short Term and Short Term corrections.

2- As in MACD indicator its both MACD line and Average line are kissing in negative zone therefore it will be understood that this indicator is signalling Short Term upward trend formations and resultant on going upward moves continuation possibility also.

Nifty-EOD Chart Analysis

(Averages)

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

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 22958(Very Short Term Trend decider) 

2- 21-Day SMA is today at 22603(Short Term Trend decider) 

3- 55-Day SMA is today at 23035(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 23521

5- 200-Day SMA is today at 24068(Long Term Trend  decider) 

 

Conclusions from EOD chart analysis (Averages)

Short Term Trend is up and Intermediate Term Trend turning upward possibility has increased also after Nifty moving above forcibly its decider 55-Day SMA in previous week. As Nifty closed well below Long Term Trend decider 200-Day SMA therefore Long Term Trend is down. Nifty is now between Intermediate Term and Long Term Trend deciders therefore finally sustaining beyond both these deciders 55-Day SMA and 200-Day SMA should be watched in the coming week/weeks  because it will confirm on going "ABC" correction completion above 200-Day SMA or correction continuation below 55-Day SMA

Nifty-Intra Day Chart Analysis

(21-Mar-2025)

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

Technical Patterns formation in today intraday charts

1- Firstly 58 points down after negative opening and after that upward moves beginning.

2- More than 4 hours trading with Mixed Patterns formation between 23283-23403

3- Whole day trading between 23133-23403

Conclusions from intra day chart analysis 

Although firstly 58 points down after negative opening but strong recovery from lower levels was seen after fresh upward moves beginning and Nifty moves up 300 points from lower levels as well as closed 0.69% also. As more than 4 hours trading was with Mixed Patterns formation between 23283-23403 also therefore firstly sustaining beyond this range should also be watched in the beginning of next week for next immediate decisive moves beginning confirmations.

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.

Although no confirmation of Wave-C of Wave-(iv) of Wave-3 completion at 21964.60 on 04-03-2025 but strong indications of its completion and impulsive Wave-(v) of Wave-3 beginning has emerged at this level because the Pull Back Rally which started from this level has shown following indications of Wave-C of Wave-(iv) of Wave-3 completion at this level:-

1- Last 14 Sessions sideways trading range(21965-22676) forcefully broken out on 18-03-2025.

2- Pull Back Rally forcefully continuation with 1438 points gains.

3- Forcefully moving above Intermediate Term Trend decider 55-Day SMA.

4- Long White Weekly Candle formations in previous week.

Intermediate Term indicator Stochastic is suggesting that on going rally will remain continued but Short Term Stochastic is completely Over bought therefore showing signals of Short Term correction beginning possibility. Conclusion from Stochastic is that finally upward moves will be seen after Short Term correction correction completion which may be sideways also. As in Intermediate Term indicator MACD its both MACD line and Average line are kissing in negative zone therefore if its upward intersection happens then it will be strong indication of Trend reversal and Intermediate Term Trend turning upward also therefore after that strong rally will be seen because both lines of Short Term MACD are already rising in positive and negative zone.

As more than 4 hours trading was with Mixed Patterns formation last Friday and Short Term indicator Stochastic is completely Over bought therefore Short Term correction may be seen and that may be Sideways also but firstly sustaining beyond Intermediate Term Trend decider 55-Day SMA (today at 23035) should be watched for the life and length of expected Short Term correction. Finally sustaining beyond Intermediate Term Trend decider 55-Day SMA(today at 23035) and Long Term Trend decider 200-Day SMA(today at 24068) should be watched in the coming week/weeks for next next Trend formation and next decisive moves beginning confirmation accordingly.

Firstly some downward moves towards

 23038 & most time trading expectations

 between 22974-23216 

Nifty-Intra Day Chart Analysis &

Market Outlook(21-03-2025)

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

Technical Patterns formation in today intraday charts

1- More than 2 hours consolidation between 22974-23068

2- Upward moves in Mid-Session

3- Profit Booking in last 2 hours between 23179-23216

4- Whole day trading between 22974-23216

Conclusions from intra day chart analysis 

As US markets closed with good gains yesterday and Dow Jones Futures was also trading more than 150 points up today morning therefore sentiment boosted and resultant gap up strong opening was seen today. Although firstly down moves but lower levels more than 2 hours consolidation developed therefore upward moves were seen in Mid-Session. Last 2 hours intraday patterns are suggesting Profit Booking at higher levels also therefore firstly some downward moves are expected towards 23038 most time trading is expected within today trading range(22974-23216).

 Finally sustaining beyond 22879-22940

 will confirm next intraday

 decisive moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(20-03-2025)

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

Technical Patterns formation in today intraday charts

1- More than 90 Points upward moves in first hour.

2- More than 5 hours trading with mixed Patterns formation between 22879-22940 

3- Whole day trading between 22808-22940

Conclusions from intra day chart analysis 

Although firstly more than 90 Points upward moves in first hour but after that more than 5 hours trading was with mixed Patterns formation between 22879-22940 therefore expected that firstly Nifty will trade and prepare for next decisive moves within and near about this range as well as finally sustaining beyond this range should be watched in the coming session for next intraday decisive moves beginning confirmations. 

As still out of station therefore unable 

to post today(19-03-2025) Outlook. 

As out of station therefore unable 

to post today(18-03-2025) Outlook. 

Finally sustaining beyond 21965-22676 will generate one sided bigger moves & confirm the life & length of on going "ABC" correction

Technical Analysis,Research & Weekly

 Outlook(Mar 17 to Mar 21,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (13-Mar-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 21964.60 on 04-03-2025.

12- Pull Back Rally continuation with recent top formations at 22676.60 on 10-03-2025.

13 Last 13 Sessions sideways trading between 21965-22676 

Conclusions from EOD chart analysis

(Waves structure)

Impulsive Wave-1 of new Waves structure started from 15183.40 on 17-06-2022  after corrective Wave-C of "ABC correction" of previous waves structure completion at this level. Impulsive Wave-1 begun from this level which completed at 18887.60 on 01-12-2022 and from this level corrective Wave-2 started which completed at 16828.30 on 20-03-2023.

Impulsive Wave-(i) of Wave-3 begun from this level which completed at 20222.40 on 15-09-2023 and from this level corrective Wave-A of "ABC" correction of Wave-(ii) of Wave-3 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 21964.60 on 04-03-2025 and no confirmation of its completion yet on EOD charts.

Although Pull Back Rally begun from the lowest of on going correction which is now in continuation with recent top formations at 22676.60 on 10-03-2025 but last 13 Sessions sideways trading is also being seen between 21965-22676 therefore firstly sustaining beyond this range should also be watched in the coming week/weeks for the life and length of on going "ABC correction" of corrective Wave-(iv) of Wave-3.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (13-Mar-2025):-

Technical Patterns and Formations in EOD charts

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

2- Stochastic:- %K(5)- 48.52 & %D(3)- 62.89.

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

4- MACD(26,12)- -315.25 & EXP(9)- -459.06 & Divergence- 143.81

Conclusions from EOD chart analysis

(Stochastic & MACD)

Technical positions of Short Term indicators are as follows:-

1- As in Short Term indicator Stochastic its %K(5) line has intersected %D(3) line downward and its both lines are falling from Over bought zone therefore it will be understood that this indicator is showing signals of downward moves possibility in the coming week.

2- As in MACD indicator 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 signalling Short Term upward trend formations and resultant upward moves beginning possibility also.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (13-Mar-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 22475(Very Short Term Trend decider) 

2- 21-Day SMA is today at 22608(Short Term Trend decider)

3- 55-Day SMA is today at 23112(Intermediate Term Trend decider)

4- 100-Day SMA is today at 23592

5- 200-Day SMA is today at 24059(Long Term Trend decider)

Conclusions from EOD chart analysis

(Averages)

As Nifty has closed below all the SMAs last Thursday therefore it will be understood that all the Trends are down and 3 SMAs are in downward direction mode also hence it is confirm that on going "ABC" correction of Wave-(iv) of Wave-3 is in full force. 

Nifty-Last 13 Sessions

intraday charts analysis

Nifty-Intra Day Chart (Feb 24 to Mar 13,2025):-

Technical Patterns formation in last 13 Sessions intraday charts

1- Selling(Resistances) in last 13 Sessions are as follows:-

A- 22529-22552 

B- 22557-22656 

2- Consolidation(Supports) in last 13 Sessions are as follows:-

A- 22307-22375 

B- 22239-22271 

C- 21987-22142(Strong supports)

3- Last 13 Sessions sideways trading between 21965-22676 

Conclusions from 13 Sessions

intra day chart analysis 

52 Points(22668-22720) gap down opening on 24-02-2025 and after that last 13 sessions sideways trading was with above mentioned supports and resistances and these both are almost equally stronger also therefore Nifty will firstly trade between 21965-22676 and prepare for next bigger decisive moves/Trend within this range. 

As this last 13 Sessions sideways trading is at the bottom of that on going that "ABC correction" which begun from 26277.30 on 27-09-2025 and now its Wave-C is in continuation with recent bottom formations at 21964.60 on 04-03-2025 therefore finally:-

1- Sustaining above this range(22676) will generate first signal of on going "ABC" correction completion at 21964.60 on 04-03-2025.

2- Sustaining below this range(21965) will mean on going "ABC correction" continuation which may be deeper also after more than 13 sessions trading range breaking down 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 Wave-(iv) of Wave-3 of "ABC" correction started. Now its corrective Wave-C is in continuation with  recent bottom formations at 21964.60 on 04-03-2025 and no confirmation of its completion yet on EOD charts.

Averages are confirming that all the Trends are down. Although Short Term indicator Stochastic is indicating downward moves possibility but another Short Term indicator MACD is showing signals of Upward Trend formations also therefore possibility of fresh Upward moves beginning after some down moves can not be ruled out.

Pull Back Rally started from the lowest of on going "ABC" correction which is now in continuation with recent top formations at 22676.60 on 10-03-2025 and it is within last 13 Sessions sideways trading range also. As finally sustaining beyond last 13 sessions trading range(21965-22676) will generate one sided biggher decisive moves and confirm the life & length of on going corrective Wave-(iv) of Wave-3 also therefore it should be firstly watched in the coming week/weeks for next Trend formations and above mentioned next bigger moves beginning confirmations.

Finally sustaining beyond 22330-22522 will confirm next one sided decisive moves beginning 

Nifty-Intra Day Chart Analysis & Market

Outlook(13-Mar-2025)

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

Technical Patterns formation in today intraday charts

1- 124 Points fall in first 15 minutes after positive opening.

2- Most time trading with mixed Patterns formation between 22330-22490

3- Whole day trading between 22330-22577

Conclusions from intra day chart analysis 

Although firstly upward moves after positive opening but coculd not sustain at higher levels because Mixed Patterns formation were seen between 22427-22522 yesterday and complete intraday consolidation was required for sustaining above 22522. 

As most time trading was with mixed Patterns formation between 22330-22490 therefore firstly Nifty will trade and prepare for next decisive moves within and near about 22330-22522 as well as finally sustaining beyond this range will confirm next one sided decisive moves beginning which should be watched in the coming sessions for its confirmations

 Finally sustaining beyond 2427-22522 will confirm next decisive moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(13-03-2025)

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

Technical Patterns formation in today intraday charts

1- Up moves with downward corrections in first 2 hours

2- Last more than 4 hours upward moves with Mixed Patterns formation between 22427-22522 

3- Whole day actual trading between 22315-22522

Conclusions from intra day chart analysis 

Although firstly downward moves after 115 points gap down opening but got supports within yesterday mentioned 1st supports range(22305-22347) at 22314.70 and after that upward moves started as well as Nifty closed near the top of the day after recovering more than 180 points from intraday lower levels. 

First 2 hours Up moves were with downward corrections which is a consolidation pattern but  last more than 4 hours upward moves with Mixed Patterns formation between 22427-22522 therefore expected that Nifty will firstly trade and prepare for next decisive moves within this range as well as finally sustaining beyond this range will confirm:- 

1- Decisive upward moves beginning confirmations towards next resistances(22591-22676) after sustaining above 22522.

2- Decisive downward mmoves beginninng confirmations towards next supports(22305-22347) after sustaining below 22427.

Downward moves expectations

towards next supports

Nifty-Intra Day Chart Analysis &

Market Outlook(11-03-2025)

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

Technical Patterns formation in today intraday charts

1- Up ward moves after negative opening

1- More than 3 hours selling between 22591-22676

3- Sharp fall in last hour

4- Whole day actual trading between 22420-22676

Conclusions from intra day chart analysis 

Although firstly upward moves after negative opening and Nifty recovered 154 points also but higher levels more than 3 hours selling was seen therefore sharp fall developed in last hour and Nifty closed 92 points down today. As only intraday selling patterns formations therefore downward moves are expected towards following next supports. Firstly sustaining beyond following supports should be watched one by one for next intraday decisive moves beginning confirmations:-

1- 22305-22347

2- 22224-22260

All Trends are down & sustaining

 beyond Crucial levels/resistances

 will confirm the life & length of

 on going Pull Back Rally

Technical Analysis,Research & Weekly

Outlook(Mar 10 to Mar 14,2025)

Nifty-EOD Chart Analysis

(Waves structure)

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

Technical Patterns and Formations in EOD charts

 

1- Corrective Wave-C of "ABC" correction 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- Wave-A corrected 3014.1 points

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

6- Corrective Wave-C of Wave-(iv) of Wave-3 continuation with recent bottom formations at 21964.60 on 04-03-2025.

7- Wave-C corrected 2893.2 points

8- Pull Back Rally continuation with recent top formations at 22633.80 on 07-03-2025.

Conclusions from EOD chart analysis

(Waves structure)

Corrective Wave-C of "ABC" correction of Wave-(ii) of Wave-3 completed at 18837.80 on 26-10-2023 and from this level and from this level impulsive Wave-(iii) of Wave-3 started which completed with new life time top formations at 26277.30 on 27-09-2024 and from this level corrective Wave-A of "ABC" correction of Wave-(iv) of Wave-3 begun. 

Corrective Wave-A of Wave-(iv) of Wave-3 completed at 23263.20 on 21-11-2024 and Wave-B of Wave-(iv) of Wave-3 started from this levels which completed at 24857.80 on 05-12-2024 and from this levels corrective Wave-C of Wave-(iv) of Wave-3 begun which is now in continuation with recent bottom formations at 21964.60 on 04-03-2025 and no confirmation of its completion yet on EOD charts. Pull Back Rally started from this level which is now continuation with recent top formations at 22633.80 on 07-03-2025 and no confirmation of its completion also.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (07-Mar-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 towards Over bought zone.

2- Stochastic:- %K(5)- 81.11 & %D(3)- 56.58.

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

4- MACD(26,12)- -511.98 & EXP(9)- -418.71 & Divergence- -93.27

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 upward and its both lines are rising towards Over bought zone and have not turned Overbought also therefore it will be understood that this indicator is showing signals of some more upward moves possibility.

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 possibility also.

Nifty-EOD Chart Analysis

(Averages)

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

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 22327 

2- 21-Day SMA is today at 22789

3- 55-Day SMA is today at 23203

4- 100-Day SMA is today at 23687

5- 200-Day SMA is today at 24068

Conclusions from EOD chart analysis (Averages)

As some recovery from the lower levels of on going correction was seen in last 4 sessions of previous week and Nifty has moved above 5-Day SMA but still below all the other higher Averages therefore its is clear that at present only Very Short Term Trend has moved up and all the other Trends are still down.

Nifty-Intra Day Chart Analysis

(07-Mar-2025)

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

Technical Patterns formation in today intraday charts

1- Volatility in first 3 hours after negative opening

2- Selling between 22644-22702

3- Whole day actual trading between 22465-22633

Conclusions from intra day chart analysis 

Although firstly downward moves after negative opening but after that sharp upward were seen and again sharp down from intraday higher levels therefore in this manner only intraday volatility developed in first 3 hours last Friday. As some selling was seen in last 3 hours therefore only first signal of some downward moves will be considered at this moment. As whole day trading was not completely one sided patterns formations therefore expected that Nifty will firstly prepare for next decisive moves within and near about last Friday trading range and finally sustaining it beyond will confirm next decisive moves beginning hence finally sustaining beyond last Friday trading range should be watched in the coming week for next decisive 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.

"ABC" correction which started through its corrective Wave-A of Wave-(iv) of Wave-3 from 26277.30 on 27-09-2024 after impulsive Wave-(iii) of Wave-3 completion at this level is now in continuation through its Wave-C with recent bottom formations at 21964.60 on 04-03-2025 and no confirmation of its completion yet on EOD charts. Pull Back Rally which begun from the bottom of on going "ABC" correction is also in continuation with recent top formations at 22633.80 on 07-03-2025 and no confirmation of it also on EOD and intraday charts. 

Averages are suggesting that only Very Short Term Trend has moved up and all the other Trends are still down and lot of confirmations are required for on going "ABC" correction completion and impulsive Wave-(v) of Wave-3 formations. Until Nifty will not sustain above Long Term Trend decider 200-Day SMA(today at 24068) till then on going correction completion and trend reversal will not get confirmations. Although now on going like Pull Back Rallies are a part of correction and may always be seen during on going correction but this Pull Back Rally started after almost 100% correction completion by Wave-C(corrected 2893.2 points) of Wave-A(corrected 3014.1 points) therefore if it sustain above following Crucial levels then on going correction completion signals will start to generate one by one:- 

1- 50.0% Crucial Retracement Level of Wave-A- 22,557.50  

2- Intermediate Term trend decider 55-Day SMA(today at 23203)

3- 38.2% Crucial Retracement Level of Wave-A- 23,435.40

4- Long Term Trend is down decider 200-Day SMA(today at 24068)

Although Short Term indicator MACD is confirming downward trend formations and on going downward moves continuation possibility but another Short Term indicator Stochastic is suggesting some more upward moves possibility therefore firstly following resistances should be watched in the coming week/weeks for the life and length of on going Pull back Rally:-

1- 22667-22705

2- 22894-22923

3- 23020-23085

4- 23178-23235

5- 23284-23348

6- 23577-23681

7- 23745-23807

As no confirmation of on going correction completion therefore if fresh downward moves starts then following next supports should also be watched one by one for next Very Short Term moves beginning:- 

1- 22305-22347

2- 22224-22260

3- 22055-22106

4- 21884-22191

5- 21502-21582

6- 21417-21500

As all the Trends are down therefore firstly watch sustaining beyond above mentioned Crucial levels and resistances for the life and length confirmations of on going Pull Back Rally.

Finally sustaining beyond 22451-22556

 will confirm on going relief rally continuation/completion

Nifty-Intra Day Chart Analysis & 

Market Outlook(07-03-2025)

Nifty-Intra Day Chart (06-03-2025):-

Technical Patterns formation in today intraday charts

1-Sharp falls

2-Up moves with downward corrections

3-Up moves in Bearish Rising Channel

4-Whole day actual trading between 22246-22556

Conclusions from intra day chart analysis 

Although gap up opening but could not sustain in resistance range(22451-22508) and fallen sharply in first half hour. Firstly Up moves were in Bearish Rising Channel but after that 4 hours Up moves were in Bearish Rising Channel therefore firstly fresh consolidation is required for next upward moves beginning. If fresh selling develops then it will mean that last 2 sessions relief rally  termination and on going correction continuation.

As finally sustaining beyond 22451-22556 will confirm on going relief rally continuation/completion therefore sustaining beyond this range should be watched for next intraday decisive moves beginning.

Sustaining above 22394 will 

confirm strong rally towards 

next resistances

Nifty-Intra Day Chart Analysis &

Market Outlook(06-03-2025)

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

Technical Patterns formation in today intraday charts

1- Up moves with downward corrections after negative opening.

2- More than last 3 hours sideways trading between 22297-22394

3- Whole day actual trading between 22068-22394

Conclusions from intra day chart analysis 

Although firstly down moves after negative opening but upwards moves started with downward corrections which remained continued more than 3 hours therefore Nifty recovered 226 points from lower levels. As more than last 3 hours sideways trading between 22297-22394 therefore expected that Nifty will firstly trade within and near about this trading range in the coming session and once sustaining above 22394 will mean strong rally beginning confirmations towards next resistances between 22451-22508

As Tariff war erupted Globally after Trump coming into power therefore high volatility is being seen in Indian and all the Global markets hence levels should also be watched for next decisive moves beginning confirmations

Watch levels for next intraday

 decisive moves during

 Global markets high volatility

Nifty-Intra Day Chart Analysis &

Market Outlook(05-03-2025)

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

Technical Patterns formation in today intraday charts

1- 154 points down in first 3 minutes after 26 points gap down opening 

2- More than 5 hours trading between 22038-22105

3- Whole day actual trading between 21965-22105

Conclusions from intra day chart analysis 

As US markets closed in deep Red one day before therefore firstly down ward moves were seen after 26 points gap down opening and Nifty traded 154 points negative also in first 3 minutes but recovery started from lower levels and Nifty recovered 140 points also in the next 2 hours. More than 5 hours trading between 22038-22105 therefore firstly sustaining beyond this range should be watched tomorrow because US Markets and most Global markets are highly volatile now a days and Indian markets also reacts on Global markets sentiments therefore finally sustaining beyond 22038-22105 should be watched in the coming session for next intraday decisive moves beginning confirmations

Sustaining above 22141 will mean

 upward moves towards 22216-22297

Nifty-Intra Day Chart Analysis &

Market Outlook(04-03-2025)

Nifty-Intra Day Chart (03-Mar-2025)

Technical Patterns formation in today intraday charts

1- Firstly 67 Points up moves after 69 points positive opening. 

2- 242 Points sharp fall in first hour.

3- Consolidation between 22052-22063

4- Consolidation between 22100-22141

5- Whole day actual trading between 22005-22261

Conclusions from intra day chart analysis 

Although Firstly 67 Points upward moves after 69 points positive opening but could not sustain and 242 points fallen sharply in first hour. As firstly lower levels consolidation between 22052-22063 and after that follow up consolidation also between 22100-22141 after some upward moves therefore firstly sustaining beyond 22141 should be watched in the coming session because:-

1- Once sustaining above 22141 will mean upward moves towards 22216-22297

2- Finally sustaining beyond this range will confirm next Short Term more than 1.5% moves beginning.