Finally sustaining beyond Long Term Trend decider 200-Day SMA(today at 24050) will generate next one sided bigger moves

Technical Analysis,Research & Weekly 

Outlook(Apr 21 to Apr 25,2025)

Nifty-EOD Chart Analysis

(Waves structure)

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

Technical Patterns and Formations in EOD charts

  

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

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

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

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

5- Corrective Wave-C of Wave-(iv) of Wave-3 continuation with recent bottom formations at 21743.70 on 07-04-2025 and Pull Back Rally beginning from this level.

6- Pull Back Rally continuation with recent top formations at 23872.35 on 17-04-2025.

Conclusions from EOD chart analysis

(Waves structure)

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

Corrective Wave-A of Wave-(iv) of Wave-3 completed at 23263.20 on 21-11-2024 and from this level Wave-B of Wave-(iv) of Wave-3 started which completed at 24857.80 on 05-12-2024 and from this level corrective Wave-C of Wave-(iv) of Wave-3 begun which is now in continuation with it recent bottom formations at 21743.70 on 07-04-2025. Pull Back Rally started from this level which is now in continuation with its recent top formations  at 23872.35 on 17-04-2025.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (17-Apr-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)- 98.31 & %D(3)- 86.47.

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

4- MACD(26,12)- -86.89 & EXP(9)- 164.75 & Divergence- -251.64

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 now completely Over bought but downward intersection not happen therefore some more upward possibility can not be ruled out. Let its lines to move below Over bought zone after downward intersection then Short Term correction will be seen.

2- As in MACD indicator its MACD line has intersected Average line downward and its both lines are falling in positive and negative zone therefore it will be understood that this indicator is still showing Short Term downward trend formations and resultant downward moves beginning possibility can not be ruled out.

Nifty-EOD Chart Analysis

(Averages)

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

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 23169(Very Short Term Trend decider) 

2- 21-Day SMA is today at 23138(Short Term Trend decider) 

3- 55-Day SMA is today at 22987(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 23395

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

Conclusions from EOD chart analysis

(Averages)

As 2128 points strong rally in the last 7 sessions therefore Short and Intermediate Term Trends have tuned up because Nifty has moved and closed above both these trends deciders 21-Day and 55-Day SMA  forcefully in previous week. Long Term Trend is still down because its decider 200-Day SMA is 199 points above its previous week closing. Firstly sustaining beyond 200-Day SMA should be watched in the coming week/weeks for next Long Term Trend formation confirmations and next bigger moves beginning also according to its formations.

Nifty-Intra Day Chart Analysis

(17-Apr-2025)

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

Technical Patterns formation in today intraday charts

1- Consolidation in first 2 hours between 23299-23445

2- Strong and sharp upward moves in whole Mid-Session

3- Consolidation in last 2 hours between 23785-23872

4- Whole day trading between 23299-23872

Conclusions from intra day chart analysis 

Although firstly downward moves after negative opening and Nifty traded 138 down also but lower levels good consolidation developed in first 2 hours therefore strong and sharp upward moves were seen in whole Mid-Session. As higher levels again consolidation in last 2 hours between 23785-23872 therefore it will be understood that whole day good intraday consolidation developed last Thursday hence on going Rally continuation is expected in the beginning of next week also.

Conclusions (After putting all studies together)

1- Short Term Trend is up.

2- Intermediate Term Trend is up.

3- Long Term Trend is down.

Corrective Wave-A of Wave-(iv) of Wave-3 of "ABC" correction started after impulsive Wave-(iii) of Wave-3 completion with new life time top formations at 26277.30 on 27-09-2024. Now its corrective Wave-C of Wave-(iv) of Wave-3 in continuation with recent bottom formations at 21743.70 on 07-04-2025 and no confirmation of its completion also on EOD charts. Pull Back Rally begun from this level which is also in continuation with recent top formations at 23872.35 on 17-04-2025 and no indication of its completion on EOD charts.

As Short Term indicator Stochastic is signalling on going Short Term Upward moves continuation possibility and intraday charts of last Thursday are also showing whole day intraday consolidation patterns formations therefore on going Pulll Back Rally will remain continued in the beginning of next week but remain cautions because Stochastic is completely Over Bought and if intraday charts starts to show fresh selling patterns formations then Short Term correction may also begin. Although strong rally in last 7 sessions but another Short Term indicator MACD is still showing Short Term downward trend formations therefore fresh Short Term downward moves beginning possibility can not be ruled out in the coming week/weeks.

As Long Term Trend is still down despite 2128 points strong rally in the last 7 sessions therefore firstly sustaining beyond its decider 200-Day SMA(today at 24050) should be watched in the coming week/weeks for:-

1- Finally sustaining above its decider 200-Day SMA will mean fresh strong rally of impulsive Wave-(v) of Wave-3 beginning and all the Trends turning up after corrective Wave-C of "ABC" correction of Wave-(iv) of Wave-3 completion at 21743.70 on 07-04-2025

2- Finally sustaining below its decider 200-Day SMA will mean fresh downward moves beginning towards the bottom(21743.70) of on going Pull Back Rally 

Mid-session Outlook(17-04-2025)

Following lines were told at 12:32 AM today in "Down ward moves expectations towards today lowest":-

1- firstly downward moves are expected towards today lowest(23274)

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

As was told 100% same happened and firstly downward moves were seen towards yesterday lowest(23274) as well as firstly today lowest was formed just above it at 23298.55 in first 15 minutes.

Following 2 supports ranges were updated in previous 2 Outlooks:-

1- 23276-23306

2- 23286-23307

Nifty got supports within above mentioned both supports at 23298.55 and after that Upward moves started which will remain continued.

Downward moves expectations

 towards today lowest

Nifty-Intra Day Chart Analysis &

Market Outlook(17-04-2025)

Nifty-Intra Day Chart (16-Apr-2025):-

Technical Patterns formation in today intraday charts

1- Sharp up in first half hour

2- Selling between 23354-23368

3- Sharp down

4- Support between 23276-23306

5- Selling between 23325-23357

6- Sharp down

7- Support between 23286-23307

8- Selling Patterns formation in last hours between 23395-23452

9- Whole day trading between 23274-23452

Conclusions from intra day chart analysis 

Although lower levels supports and higher levels selling was seen till 02:00 PM but after that sharp upward moves were seen. As selling patterns formation in last hours between 23395-23452 therefore firstly downward moves are expected towards today lowest(23274) and finally sustaining it beyond should be watched for next intraday decisive moves beginning confirmations.

Upward moves expectations toward

next resistances 

Nifty-Intra Day Chart Analysis & 

Market Outlook(16-04-2025)

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

Technical Patterns formation in today intraday charts

1- Most time trading with consolidation patterns formation between 23266-23346 after 437 points gap up opening.

2- Whole day trading between 23207-23368

Conclusions from intra day chart analysis 

As most time trading with consolidation patterns formation between 23266-23346 after 437 points gap up opening therefore upward moves are expected toward next resistances(23664-23736) in the coming session.

Firstly watch next resistances after Donald Trump imposing and relaxing Tariffs decisions

Technical Analysis,Research & Weekly Outlook

(Apr 15 to Apr 17,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (11-Apr-2025):-

Technical Patterns and Formations in EOD charts

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

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

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

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

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

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

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

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

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

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

11- Corrective Wave-C of Wave-(iv) of Wave-3 continuation with recent bottom formations at 21743.70 on 07-04-2025 and Pull Back Rally beginning from this level.

12- Pull Back Rally continuation with recent top formations at 22923.90 on 11-04-2025.

Conclusions from EOD chart analysis

(Waves structure)

Corrective Wave-C of "ABC correction" of previous waves structure completed at 15183.40 on 17-06-2022 and from this level Impulsive Wave-1 of new Waves structure begun 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 24857.80 on 05-12-2024 and from this levels corrective Wave-C of Wave-(iv) of Wave-3 started which is now in continuation with recent bottom formations at 21743.70 on 07-04-2025 and no confirmation of its completion yet on EOD charts. Pull Back Rally which begun from the lowest of on going   is now in continuation with recent top formations at 22923.90 on 11-04-2025 and no signal of its  completion also on "EOD"  CHARTS 

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (11-Apr-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)- 55.00 & %D(3)- 39.71.

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

4- MACD(26,12)- -26.06 & EXP(9)- 391.10 & Divergence- -417.16

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 from Over sold zone therefore it will be understood that this indicator is showing signals of on going upward moves continuation possibility in the coming week.

2- As in MACD indicator its MACD line has intersected Average line downward and its both lines are falling in positive and negative zone therefore it will be understood that this indicator is signalling Short Term downward trend formations and resultant downward moves beginning possibility also.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (11-Apr-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 22565(Very Short Term Trend decider) 

2- 21-Day SMA is today at 22983(Short Term Trend decider) 

3- 55-Day SMA is today at 22966(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 23392

5- 200-Day SMA is today at 24055(Long Term Trend decider) 

 

Conclusions from EOD chart analysis

(Averages)

As 1180 points strong recovery from lower levels after huge gap down opening in the beginning of previous week therefore Nifty closed above 5-Day SMA but all the trends are still down because all the Short to Long Term Trends deciding averages are still above previous week closing. Let Nifty to sustain above Trend deciding Averages one by one then that Trend will be up accordingly.

Nifty-Intra Day Chart Analysis

(11-Apr-2025)

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

Technical Patterns formation in today intraday charts

1- Consolidation between 22860-22923

2- Consolidation between 22770-22795 

3- Down moves in Bullish Falling Channel

4- Whole day actual trading between 22737-22923

5- Whole day trading between 22696-22923

Conclusions from intra day chart analysis 

As only upward moves after 226 points gap up opening at 22695.40 and Nifty closed 1.92% up also with only intraday consolidation patterns formations as well as intraday selling patterns were not seen therefore upward moves are expected above last Friday highest in the beginning of next week.

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-1 of new Waves structure which begun from 15183.40 on 17-06-2022 is now in continuation through its corrective Wave-C of Wave-(iv) of Wave-3 which is also in continuation with recent bottom formations at 21743.70 on 07-04-2025. A strong Pull Back Rally started from this level which is also now in continuation with recent top formations at at 22923.90 on 11-04-2025. 

Although Averages are suggesting that all the trends are down and Short Term indicator MACD is also signalling Short Term downward trend formations and resultant downward moves beginning possibility also but another Short Term indicator Stochastic is showing signals of on going upward moves continuation possibility in the coming week and intraday charts of last Friday are also suggesting fresh upward moves beginning possibility in the beginning of next week Short Term upward moves are expected in the beginning of next week.

Previous week huge volatility was due to Donald Trump tariffs decisions because Nifty opened 1099.1 points gap down on Monday after crashing like situation in all the Global Financial Markets after Donald Trump sweeping tariffs imposing decision on many countries in whole world. As US suspends additional 26% tariff on India till July 9 and 90-day pause on reciprocal tariffs is a relief for Indian exporters therefore strong recovery was also seen from lower lecvels and Indian markets recovered almost whole last Monday loss. Nifty recovered 1180.2 points from lower levels in previous week and also filled up 1099.1 points Downward Monday gap on last Friday.

Next supports below last Friday closing are as follows:-

1- 22770-22795 

2- 22271-22424

3- 21825-22021

As firstly on going Pull Back Rally continuation is expected in the beginning of next week therefore firstly sustaining beyond following next resistances should be watched in the coming week for next decisive moves beginning confirmations:-

1- 23238-23306

2- 23437-23565

3- 23664-23736 

4- 23791-23851

As corrective Wave-C of Wave-(iv) of Wave-3 continuation with recent bottom formations at 21743.70 on 07-04-2025 and no confirmation of its completion yet on EOD charts but Pull Back Rally is in strongly continuation mode therefore let Nifty to sustain above following levels one by one then Trend reversal will be considered after Donald Trump imposing and relaxing Tariffs decisions;-

1- Intermediate Term Trend decider 55-Day SMA(today at 22966).

2- Top of previous Pull Back Rally which finished at 23869.6 on 25-03-2028.

3- Long Term Trend decider 200-Day SMA(today at 24055). 

Watch Levels for next intraday decisive moves beginning confirmations

Nifty-Intra Day Chart Analysis &

Market Outlook(09-04-2025)

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

Technical Patterns formation in today intraday charts

1- Consolidation between 22271-22424

2- Upward moves in Mid-Session

3- Selling between 22612-22697

4- Whole day trading between 22271-22697

Conclusions from intra day chart analysis 

Although 285 points positive opening and firstly 175 points slipping also but lower levels consolidation developed between 22271-22424 therefore upward moves were seen from lower levels in Mid-Session and Nifty traded 535 points positive also. As higher levels selling was also seen therefore whole day intraday trading will be understood Mixed Patterns formation between 22271-22697 with after lower levels consolidation and higher levels selling.

Expected that Nifty will firstly trade within and near about day's trading range(22271-22697) and prepare for next decisive moves. Remain watchful also because RBI Credit Policy will be seen after 10:00 AM and Nifty may react on its announcements also through high volatility. As finally sustaining beyond day's trading range will confirm next intraday decisive moves beginning therefore it should also be watched for its confirmations.

As busy therefore unable to post 

today(08-04-2025) Outlook. 

Donald Trump sweeping tariffs led crashing like situation in all the Global Financial Markets & watch next supports one by one for next Short Term moves beginning confirmations 

Technical Analysis,Research & Weekly Outlook

(Apr 07 to Apr 11,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (04-Apr-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 21964.60 on 04-03-2025 and Pull Back Rally beginning from this level.

6- Pull Back Rally completion at 23869.60 on 25-03-2025.

7- Correction continuation with recent bottom formations at 22857.45 on 04-04-2025.

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 begun which completed with new life time top formations at 26277.30 on 27-09-2024 and from this level corrective Wave-A of Wave-(iv) of Wave-3 of "ABC" correction started. 

Corrective Wave-A of Wave-(iv) of Wave-3 completed at 23263.20 on 21-11-2024 and 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 is now in continuation with recent bottom formations at 21964.60 on 04-03-2025. The Pull Back Rally which begun from the recent lowest of Wave-C completed at 23869.60 on 25-03-2025 and from this level again correction started which is now in continuation with recent bottom formations at 22857.45 on 04-04-2025.

  

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (04-Apr-2025):-

Technical Patterns and Formations in EOD charts

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

2- Stochastic:- %K(5)- 20.25 & %D(3)- 19.96.

3- In MACD- MACD line has intersected Average line upward. Its MACD line is falling and Average line is rising in positive zone.

4- MACD(26,12)- 524.34 & EXP(9)- 472.58 & Divergence- 51.76

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 towards Over sold zone  and have not turned completely Over sold yet therefore it will be understood that this indicator is suggesting on going Short Term correction continuation possibility in the coming week.

2- As in MACD indicator its MACD line has intersected Average line upward and now its MACD line is falling and Average line is rising in positive zone. therefore it will be understood that this indicator is signalling the possibility of Short Term upward trend completion and and  Short Term downward trend beginning possibility also.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (04-Apr-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 23234(Very Short Term Trend decider) 

2- 21-Day SMA is today at 22982(Short Term Trend decider) 

3- 55-Day SMA is today at 23019(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 23444 

5- 200-Day SMA is today at 24076(Long Term Trend decider) 

 

Conclusions from EOD chart analysis

(Averages)

As Nifty has closed below all the Short to Long Term Averages last Friday therefore all the Trends have turned down in previous week sharp fall and it is suggesting on going correction continuation possibility also in the coming week/weeks.

Nifty-Intra Day Chart Analysis

(04-Apr-2025)

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

Technical Patterns formation in today intraday charts

1- 210 Points down in first 10 minutes after weaker opening.

2- Volatility between 23049-23142

3- Selling between 22858-23026

4- Whole day trading between 22858-23214

Conclusions from intra day chart analysis 

As firstly 210 Points down in first 10 minutes after weaker opening and after that Volatility between 23049-23142 as well as more than 5 hours selling between 22858-23026 therefore more downward moves are expected in the beginning of next week. 

Conclusions

(After putting all studies together)

1- Short Term Trend is down.

2- Intermediate Term Trend is down.

3- Long Term Trend is down.

Corrective Wave-A of Wave-(iv) of Wave-3 of "ABC" correction begun after impulsive Wave-(iii) of Wave-3 completion with new life time top formations at 26277.30 on 27-09-2024. Now its corrective Wave-C of Wave-(iv) of Wave-3 in continuation with recent bottom formations at 21964.60 on 04-03-2025. Although strong Pull Back Rally started from this level but completed at 23869.60 on 25-03-2025 and from this level again correction begun which is now in continuation with recent bottom formations at 22857.45 on 04-04-2025.

As Short Term indicator Stochastic is signalling on going Short Term correction continuation possibility and another MACD indicator is also showing the possibility of Short Term upward trend completion as well as  Short Term downward trend beginning possibility therefore it will be understood that Short Term indicators are suggesting that more downward moves will be seen in the coming/weeks.

All the Short to Long Term Averages are confirming that all the Trends have turned down after previous week sharp fall and on going correction continuation possibility also in the coming week/weeks.

As US President Donald Trump announced sweeping tariffs on goods from countries across the world on 02-03-2025 therefore since then most Global Stock Markets are in crashing mode and in following manner closed in deep Red last Friday:-

Dow Jones(USA) closed 2,231.07 Points(-5.50%) down.

S&P 500(USA) closed 322.47 Points(-5.98%) down.

Nasdaq(USA) closed 962.82 Points(-5.82%) down.

DAX(Germany) closed 1,075.67 Points(-4.95%) down.

FTSE 100(England) closed 419.76 Points(-4.95%) down.

CAC 40(France) closed 324.03 Points(-4.26%) down.

Nikkei 225(Japan) closed 955.35 Points(-2.75%) down. 

Hang Seng(Hong Kong) closed 352.72 Points(-1.52%) down. 

Almost all the Indian Stock markets Indices closed in Red last Friday and in following manner all main Indices closed last Friday:-

NIFTY 50 closed 345.65 Points(-1.49%) down. 

NIFTY BANK closed 94.65 Points(-0.18%) down. 

NIFTY IT closed 1,245.80 Points(-3.58%) down.

NIFTY MIDCAP 100 closed 1,516.20 Points(-2.91%) down.

NIFTY SMLCAP 100 closed 579.50 Points(-3.56%) down.

All the Commodities in Indian markets in following manner closed in Red last Friday:-

GOLD closed Rs 1927.00(-2.14%) down. 

SILVER closed Rs 6968.00(-7.38%) down. 

CRUDEOIL closed Rs 403.00(-7.03%) down.

NATURAL GAS closed Rs 24.20(-6.84%) down.

ALUMINIUM closed Rs 6.20(-2.60%) down.

COPPER closed Rs 62.00(-7.16%) down.

LEAD closed Rs 2.55(-1.43%) down.

ZINC closed Rs 5.05(-1.96%) down.

As US President Donald Trump sweeping tariffs led crashing like situation in all the Global financial markets therefore on going correction continuation is expected towards following next supports which should be watched one by one for next Short Term moves beginning confirmations:- 

1- 22577-22599(Gap supports)

2-  23446-23529

3- 22307-22375 

4- 22239-22271 

5- 21987-22142(Strong supports)

5- 21502-21582

7- 21417-21500

 Sustaining beyond 23137-23350 will generate first sinal of one sided decisive moves beginning after understanding  Trump Tariffs impact on Indian Economy

Nifty-Intra Day Charts Analysis & 

Market Outlook(04-04-2025)

Nifty-Last 3 Sessions intraday

charts analysis

Nifty-Intra Day Chart (Apr 01 to Apr 03,2025):-

Technical Patterns formation in last 3 Sessions intraday charts

1- Nifty fallen sharply at 11:00 AM on 01-03-2025

2- Most time trading in last 3 Sessions trading between 23137-23350 

Conclusions from 3 Sessions intra day

chart analysis 

As US President Donald Trump announced sweeping tariffs on goods from countries across the world on 02-03-2025 therefore most Global Stock Markets are in crashing mode in following manner today:-

Dow Jones(USA) is trading -1,418 Points(-3.36%)

down at this moment.

S&P 500(USA) is trading -233 Points(-4.11%)

down at this moment. 

Nasdaq(USA) is trading -907 Points(-5.16%)

down at this moment. 

DAX(Germany) closed -690 Points(3.08%) 

down today.

FTSE 100(England) closed -133 Points(-1.55%) 

down today.

CAC 40(France) closed -259 Points(-3.31%) 

down today.

Nikkei 225(Japan) closed -989.94 Points(-2.77%) 

down today. 

Hang Seng(Hong Kong) closed -352.72 

Points(-1.52%) down today. 

Although Indian Stock Markets also reacted on Trump sweeping tariffs through weaker opening but closed mixed in following manner today:-

NIFTY 50- closed -82(-0.35%) points down today. 

NIFTY BANK- closed 249(0.49%) points up today. 

NIFTY IT- closed -1526(-4.21%) points down today.

As Indian Stock Markets will finally react on Trump Tariffs impact on different sectors of Indian Economy and not only on today technical positions formations therefore firstly sustaining beyond different levels should be watched in the coming sessions for post Trump Tariffs next Trend formations and that side one sided decisive moves beginning confirmations. As Nifty traded almost 17 hours in last 3 sessions between 23137-23350 therefore firstly sustaining it beyond should be watched in the coming sessions for next first signal of that side one sided decisive moves beginning confirmations after understanding Trump Tariffs impact on Indian Economy.

As busy therefore unable to post 

today(03-04-2025) Outlook. 

Sustaining beyond 23137-23250 will confirm  next intraday decisive moves beginning  

Nifty-Intra Day Chart Analysis

(01-Apr-2025)

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

Technical Patterns formation in today intraday charts

1- Selling between 23437-23565

2- Sharp falls

3- More than 5 hours sideways trading between 23137-23250

4- Whole day trading between 23137-23565

Conclusions from intra day chart analysis 

Although 178 points weaker opening but after that sharp upward moves were seen and Nifty traded 45 points positive also in first 30 minutes after recovering all intraday losses. As higher levels selling developed therefore sharp fall were seen in in next hours. 

As more than last 5 hours sideways trading between 23137-23250 therefore firstly sustaining beyond this range should be watched tomorrow for  next intraday decisive moves beginning confirmations.

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.