Impulsive Wave-5 upward moves continuation amid only a Short Term Correction possibility

Technical Analysis,Research & Weekly 

Outlook(Oct 20 to Oct 24,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (17-Oct-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-3 completion with new life time top formations at 26277.30 on 27-09-2024 and Corrective Wave-A of Wave-4 of "ABC" correction beginning.

5- Corrective Wave-A of Wave-4 completion at 23263.20 on 21-11-2024.

6- Corrective Wave-B of Wave-4 completion at 24857.80 on 05-12-2024.

7- Corrective Wave-C of Wave-4 completion at 21743.70 on 07-04-2025 and Impulsive Wave-5 beginning from this level.

8- Impulsive Wave-5 continuation with recent top formations at 25781.50 on 17-10-2025.

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. Wave-1 completed at 18887.60 on 01-12-2022 and corrective Wave-2 started from this level which completed at 16828.30 on 20-03-2023 and impulsive  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 "ABC correction" of Wave-4 started from this level.

Corrective Wave-A of Wave-4 completed at 23263.20 on 21-11-2024 and Wave-B of Wave-4 begun from this levels which completed at 24857.80 on 05-12-2024. From this level corrective Wave-C of Wave-4 started which completed at 21743.70 on 07-04-2025 and Wave-5 begun from this level. 

Now impulsive Wave-5 continuation with its recent top formations at 25781.50 on 17-10-2025 and no indication of its completion yet on EOD charts. Previous high of on going impulsive Wave-5 was formed at 25669.30 on 30-06-2025 and from this level 3 times Short Term corrections and 3 times Pull Back Rallies were seen with higher lows and higher tops formations therefore finally Nifty moved above previous high(25669.30) of Wave-5 and formed Wave-5 new high at 25781.50 on 17-10-2025. 

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (17-Oct-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)- 90.25 & %D(3)- 76.91.

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)- 164.06 & EXP(9)- -8.19 & Divergence- 172.25.

Conclusions from EOD chart analysis

(Stochastic & MACD)

Technical positions of Short Term indicators are as follows:-

1- As in Stochastic indicator 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 at present this indicator is showing some more upward moves possibility but remain cautious also because Stochastic is moving within and near about Over bought zone for the last 2 weeks and Short Term correction is on cards which may also begin any day after selling patterns formations on  intraday charts.

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 has shown strong signals of Upward Trend formations and resultant decisive upward moves beginning in the coming week/weeks.

Nifty-EOD Chart Analysis

(Averages)

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

echnical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 25398(Very Short Term Trend decider) 

2- 21-Day SMA is today at 25113(Short Term Trend decider) 

3- 55-Day SMA is today at 24910(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24986 

5- 200-Day SMA is today at 24230(Long Term Trend decider) 

 

Conclusions from EOD chart analysis

(Averages)

Long Term Trend was already up and Nifty closed weli above all the Trends deciding Averages last Friday after previous week strong rally therefore all the Trends are now up.

Nifty-Intra Day Chart Analysis

(17-Oct-2025)

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

Technical Patterns formation in today intraday charts

1- Upward moves after negative opening

2- Selling between 25749-25781

3- Sharp fall

4- Consolidation between 25629-25694

5- Down moves in Bullish Falling Channel

6- Whole day trading between 25509-25781

Conclusions from intra day chart analysis 

Although negative opening last Friday but firstly 240 points upward moves were seen in first 2 hours. As higher levels selling developed therefore Nifty could not sustain and resultant sharp fall was seen in Mid-Session. 

As  fresh consolidation was seen after sharp fall and after that Down moves were in Bullish Falling Channel which is also a consolidation pattern therefore good intraday consolidation will be understood in last 2 hours hence more upward moves are expected towards last Friday highest in the beginning of coming week.

Conclusions (After putting all

studies together)

1- Very Short Term Trend is Up.

2- Short Term Trend is Up.

3- Intermediate Term Trend is Up.

4- Long Term Trend is Up.

New Waves structure which begun from 15183.40 on 17-06-2022 is now in continuation with its impulsive Wave-5. Impulsive Wave-3 of this Waves structure completed with new life time top formations at 26277.30 on 27-09-2024 and "ABC" correction started from this level which completed at 21743.70 on 07-04-2025 and Impulsive Wave-5 begun from this level which is now in continuation with its recent top formations at 25781.50 on 17-10-2025 and no indication of its completion yet on EOD and intraday charts.

Averages are confirming that now all the Trends are up and Short Term indicator is also showing upward moves continuation possibility as well as last Friday intraday charts patterns are strengthening upward moves expectations in the coming week, As another Short Term indicator   Stochastic is in Over bought zpne therefore Short Term correction beginning possibility can not be ruled out hence remain cautious and watch sustaining beyond following next resistances for next decisive moves beginning confirmations:-  

1- 25749-25781

2- 24773-24850 

3- 24602-24679

Next supports below last Friday closing are as follows which should be watched one by one for next upward moves beginning after any type of Short Term correction completion:-

1- 25629-25694

2- 25563-25612

3- 25416-25466

4- 25193-25315 

As busy therefore unable to post 

today(17-10-2025) Outlook. 

Finally sustaining sustaining beyond 25193-25365 will confirm

 next bigger moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(16-10-2025)

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

Technical Patterns formation in today intraday charts

1- Upward moves after positive opening

2- Almost 5 hours with Mixed Patterns formation between 25193-25365 

3- Whole day trading between 25160-25365

Conclusions from intra day chart analysis 

Following lines were told at 01:32 AM on 15-10-2025 in "Just watch sustaining beyond today highest after initial upward moves":-

1- firstly upward moves are expected towards today highest(25310)

and

2- until Nifty will not sustain above today highest till then next decisive Upward moves will not be seen

As was told 100% same happened and 

Firstly upward moves were seen and Nifty closed just above 25310 at 25323.55 today.

As lower levels good intraday consolidation patterns formations were seen yesterday therefore firstly upward moves were seen after positive opening today. Nifty traded almost 5 hours with Mixed Patterns formation between 25193-25365 because selling was also seen near about this range in previous sessions and Nity was to prepare for next decisive moves within and near about this range.  

It is clear that one sided intraday patterns were not seen in almost 5 hours trading between 25193-25365 therefore firstly Nifty has to prepare for next bigger moves within and near about this range as well as finally sustaining sustaining beyond this range will confirm next bigger moves beginning which should be firstly watched tomorrow for its confirmations.

Just watch sustaining beyond 

today highest after initial 

upward moves

Nifty-Intra Day Chart Analysis & 

Market Outlook(15-10-2025)

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

Technical Patterns formation in today intraday charts

1- Selling between 25282-25210

2- Downward moves

3- Selling between 25202-25141

4- Downward moves

5- Consolidation between 25061-25137

6- Down moves in Bullish Falling Channel

7- Whole day trading between 25061-25310

Conclusions from intra day chart analysis 

Although firstly upward moves after 50 points positive opening and Nifty traded 83 points up also in first 10 minutes but selling developed at higher levels therefore more than 100 points downward moves were seen in first hour. As follow up selling developed therefore more downward moves were seen in Mid-Session and Nifty traded 165 points negative also after loosing all first hour intraday gains.

As firstly almost 3 hours consolidation at lower levels and after that downward moves were also developed in Bullish Falling Channel therefore lower levels good intraday consolidation patterns formations will be understood hence firstly upward moves are expected towards today highest(25310) and until Nifty will not sustain above today highest till then next decisive Upward moves will not be seen because selling was also seen below it in previous sessions.

Upward moves expectations 

& finally 25278-25330 will 

confirm next intraday decisive

 moves beginning

Nifty-Intra Day Chart Analysis & 

Market Outlook(14-10-2025)

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

Technical Patterns formation in today intraday charts

1- 5 Hours consolidation between 25153-25216

2- Sharp upward moves

3- Whole day trading between 25153-25267

Conclusions from intra day chart analysis 

Although firstly downward moves after 58 points weaker opening and Nifty traded 133 points down as well as closed today 58 points negative also but:-

1- 5 Hours consolidation was seen between 25153-25216 

2- Nifty got supports at 25152.30 which was just above 1st Supports range( 25127-25151) that was posted in previous Outlook on 11-10-2025.

Therefore expected that Upward moves will be seen towards last Friday selling range(25278-25330) and finally sustaining beyond this range will confirm next intraday decisive moves beginning.

 Finally impulsive Wave-5 

upward moves after expected 

Short correction completion

Technical Analysis,Research & Weekly

Outlook(Oct 13 to Oct 17,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (10-Oct-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-3 completion with new life time top formations at 26277.30 on 27-09-2024 and Corrective Wave-A of Wave-4 of "ABC" correction beginning.

5- Corrective Wave-A of Wave-4 completion at 23263.20 on 21-11-2024.

6- Corrective Wave-B of Wave-4 completion at 24857.80 on 05-12-2024.

7- Corrective Wave-C of Wave-4 completion at 21743.70 on 07-04-2025 and Impulsive Wave-5 beginning from this level.

8- Impulsive Wave-5 continuation with recent top formations at 25669.30 on 30-06-2025.

9- Short Term correction completion with recent bottom formations at 24337.70 on 08-08-2025. 

10- Pull Back Rally completion with recent top formations at 25448.50 on 18-09-2025. 

11- Short Term correction completion with recent bottom formations at 24587.70 on 30-09-2025.

12- Pull Back Rally continuation with recent top formations at 25330.75 on 10-10-2025. 

 

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 started. Wave-1 completed at 18887.60 on 01-12-2022 and corrective Wave-2 begun from this level which completed at 16828.30 on 20-03-2023 and impulsive  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-4 begun from this level.

Corrective Wave-A of Wave-4 completed at 23263.20 on 21-11-2024 and Wave-B of Wave-4 started from this levels which completed at 24857.80 on 05-12-2024. From this level corrective Wave-C of Wave-4 begun which completed at 21743.70 on 07-04-2025 and Wave-5 begun started this level. 

Now impulsive Wave-5 continuation with its recent top formations at 25669.30 on 30-06-2025 and no confirmation of its completion yet on EOD charts but Short Term corrections have been seen 3 times from this level and these corrections have completed with higher bottom formations and 2 times Pull Back rallies have also completed with higher tops formations which is a strong signal of strength. Now 3rd Pull Back Rally continuation with its recent top formations at 25330.75 on 10-10-2025.  and no confirmation of its completion also on EOD charts.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (10-Oct-2025):-

Technical Patterns and Formations in EOD charts

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

2- Stochastic:- %K(5)- 84.40 & %D(3)- 83.22.

3- In MACD- Its MACD line has intersected Average line downward and MACD line is rising and its Average line is falling in negative zone.

4- MACD(26,12)- -66.26 & EXP(9)- -31.94 & Divergence- -34.32

Conclusions from EOD chart analysis

(Stochastic & MACD)

Technical positions of Short Term indicators are as follows:-

1- As in Stochastic indicator its both lines %K(5) and %D(3) are kissing in Over bought zone therefore it will be understood that at present this indicator is not showing any side decisive moves beginning possibility. Let its both lines to move below Over bought zone after %K(5) line downward intersection then decisive downward moves will be seen.

2- As in MACD its MACD line has intersected Average line downward and MACD line is rising and its Average line is falling in negative zone as well as its both lines are just below Zoro line therefore it will be understood that at  present this indicator is not showing clear signals of any side next decisive moves beginning.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (10-Oct-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 25139(Very Short Term Trend decider) 

2- 21-Day SMA is today at 25055(Short Term Trend decider) 

3- 55-Day SMA is today at 24866(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24957

5- 200-Day SMA is today at 24188(Long Term Trend decider) 

 

Conclusions from EOD chart

analysis (Averages)

As Nifty has closed above all the Trends deciding Averages in all the last 5 sessions of previous week therefore it will be understood that now all the Trends are up and finally decisive upward moves will be seen in the coming weeks.

 

Nifty-Intra Day Chart Analysis

(10-Oct-2025)

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

Technical Patterns formation in today intraday charts

1- 139 Points up in first hour after negative opening.

2- More than 4 hours selling between 25278-25330

3- Whole day trading between 25157-25330

Conclusions from intra day chart analysis 

Although firstly 139 points upward moves in first hour after negative opening last Friday but higher levels more than 4 hours selling was seen between 25278-25330 therefore downward moves afre expected in the beginning of next towards last Friday lowest(25157) despite 103 points positive closing that day.

Conclusions (After putting

all studies together)

1- Very Short Term Trend is Up.

2- Short Term Trend is Up.

3- Intermediate Term Trend is Up.

4- Long Term Trend is Up.

Now impulsive Wave-5 of that Waves structure is in continuation with its recent top formations at 25669.30 on 30-06-2025 which started from 15183.40 on 17-06-2022 and its impulsive Wave-3 was completed with new life time top formations at 26277.30 on 27-09-2024. 

No confirmation of on going Wave-3 completion yet on EOD charts but Short Term correction started from its top(25669.30) which completed also at 24337.70 on 08-08-2025 but since then 2 times Pull Back rallies and 2 times Short Term corrections have also been seen. As these Short Term corrections and Pull Back rallies were with higher bottoms and higher tops formations and it is a consolidation pattern also therefore expected that finally on going Wave-5 upward moves will be seen towards and above life time top at 26277.30 after on going Wave-5 corrections completion.    

Although all the Trends are now up but Short Term indicator Stochastic is Over Bought and another Short Term indicator MACD is not showing clear signals of upward moves beginning as well as last Friday intraday charts have also shown more than 4 hours intraday selling patterns therefore Short Term correction may also be seen in the beginning of coming week and sustaining beyond following supports should be watched be one by one in the coming week for next decisive moves beginning confirmations:-

1- 25127-25151

2- 25017-25083

3- 24773-24850 

4- 24602-24679

As finally impulsive Wave-5 upward moves are expected after expected Short Term correction completion therefore then following next resistances should be watched for next upward noves beginning confirmations:-

1- 25408-25448

2- 25465-25501

3- 25498-25587

4- 25670-25739(Gap Resistance)

5- 25783-25837

6- 25886-25912

As busy therefore unable to post 

today(10-10-2025) Outlook. 

 Finally sustain beyond 25009-25192

 will confirm next decisive moves beginning 

Nifty-Intra Day Chart Analysis & 

Market Outlook(09-10-2025)

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

Technical Patterns formation in today intraday charts

1- 112 Points up moves after negative opeining

2- Selling between 25151-25192

3- Sharp fall

4- Consolidation between 25017-25060

5- Upward moves

6- Selling between 25110-5131

7- Sharp fall

8- Consolidation between 25052-25083

9- Whole day trading between 25009-25192

Conclusions from intra day chart analysis 

Although firstly 112 Points up moves after negative opening but higher levels selling developed therefore 181 points downward moves were seen. As whole day only lower levels intraday consolidation patterns and higher levels selling was seen today therefore:- 

1- Whole day today trading will be understood with  Mixed Patterns formation between 25009-25192. 

2- Expected that Nifty will firstly trade and prepare for next decisive moves within and near about this range tomorrow as well as finally sustaining beyond this range will confirm next decisive moves beginning in the coming sessions.

Sustaining beyond 25077-25220 will 

confirm next intraday decisive 

moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(08-10-2025)

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

Technical Patterns formation in today intraday charts

1- Upward moves after positive opening

2- Down moves in Bullish Falling Channel

3- Consolidation between 25097-25117

4- Up moves with downward corrections

5- Selling between 25187-25220

6- Down moves with upward corrections

7- Whole day trading between 25077-25220

Conclusions from intra day chart analysis 

As whole day only intraday volatility with higher levels selling and lower levels buying as well as one sided intraday patterns were not seen therefore firstly sustaining beyond today trading range(25077-25220) should be watched tomorrow for next intraday decisive moves beginning confirmations.

 Sustaining beyond 25022-25095

will confirm next intraday 

decisive moves beginning 

Nifty-Intra Day Chart Analysis &

Market Outlook(07-10-2025)

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

Technical Patterns formation in today intraday charts

1- Downward moves after positive opening

2- Sharp up

3- Up moves with downward corrections

4- Sharp up

5- Last 2 hours trading with Mixed Patterns formation between 25022-25095

6- Whole day trading between 24882-25095

Conclusions from intra day chart analysis 

Although firstly downward moves after positive opening but after that sharp upward moves were seen. As fresh consolidation was seen through upward moves with downward corrections in Mid session therefore:-

1- again sharp upward moves developed 

but 

2- last 2 hours trading was with Mixed Patterns formation between 25022-25095 therefore firstly sustaining beyond this range should be watched tomorrow for next intraday decisive moves beginning confirmations.

Firstly upward moves possibility & 

finally 24726-24944 will confirm 

Very Short to Intermediate Term Trends

Technical Analysis,Research & Weekly 

Outlook(Oct 06 to Oct 10,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (03-Oct-2025):-

Technical Patterns and Formations in EOD charts

1- Impulsive Wave-3 completion with new life time top formations at 26277.30 on 27-09-2024 and Corrective Wave-A of Wave-4 of "ABC" correction beginning.

2- Corrective Wave-A of Wave-4 completion at 23263.20 on 21-11-2024.

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

4- Corrective Wave-C of Wave-4 completion at 21743.70 on 07-04-2025 and Impulsive Wave-5 beginning from this level.

5- Impulsive Wave-5 continuation with recent top formations at 25669.30 on 30-06-2025.

6- Short Term correction completion with recent bottom formations at 24337.70 on 08-08-2025. 

7- Pull Back Rally completion with recent top formations at 25448.50 on 18-09-2025. 

8- Short Term correction completion with recent bottom formations at 24587.70 on 30-09-2025.

9- Pull Back Rally continuation with recent top formations at 24904.80 on 03-10-2025. 

 

Conclusions from EOD chart analysis

(Waves structure)

Impulsive Wave-3 of that Waves structure completed with new life time top formations at 26277.30 on 27-09-2024 of which impulsive Wave-1 of new Waves structure begun from 15183.40 on 17-06-2022. After impulsive Wave-3 completion corrective Wave-A of Wave-4 of "ABC" correction started and its Wave-C completed at 21743.70 on 07-04-2025 and impulsive Wave-5 begun from this level which is now in continuation with its recent top formations at 25669.30 on 30-06-2025 and no confirmation of its completion yet on EOD charts.

Although Short Term corrections have been seen 3 times from 25669.30 but these corrections have completed with higher bottom formations and 2 times Pull Back rallies have also been completed with higher tops formations which is a strong signal of strength. Now 3rd Pull Back Rally continuation with its recent top formations at 24904.80 on 03-10-2025 and no confirmation of its completion also on EOD charts.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (03-Oct-2025):-

Technical Patterns and Formations in EOD charts

1- All 3 Short Term corrections from 25669.30 completed with higher bottom formations.

2- Both Pull Back ralles from 25669.30 completed with higher tops formations.

3- Stochastic- %K(5) line has intersected %D(3) line upward and its both lines are rising from Over sold zone.

4- Stochastic:- %K(5)- 50.02 & %D(3)- 24.44.

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

6- MACD(26,12)- -52.80 & EXP(9)- 168.25 & Divergence- -221.05.

Conclusions from EOD chart analysis

(Stochastic & MACD)

Technical positions of Short Term indicators are as follows:-

1- As in Stochastic indicator its 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 has generated strong signal of more upward moves in the coming week/weeks

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 MACD indicator has generated first strong signal of decisive downward moves beginning with downward Trend formations.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (03-Oct-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 24726(Very Short Term Trend decider) 

2- 21-Day SMA is today at 24978(Short Term Trend decider) 

3- 55-Day SMA is today at 24862(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24944

5- 200-Day SMA is today at 24164(Long Term Trend decider) 

 

Conclusions from EOD chart

analysis (Averages)

Long Term Trend is clearly up because Nifty is well above its decider 200-Day SMA for the last more than 4 months. As Nifty traded near about all other trends(Very Short to Intermediate Terms) deciding Averages in previous week therefore these Trends are at stake and finally sustaining beyond these Averages should be watched in the coming week/weeks for these trends formation confirmations. 

Nifty-Intra Day Chart Analysis

(03-Oct-2025)

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

Technical Patterns formation in today intraday charts

1- Upward moves after negative opening.

2- More than 4 hours consolidation between 24773-24850 

3- Sharp up in last hour

4- Whole day trading between 24748-24904

Conclusions from intra day chart analysis 

Although firstly upward moves after negative opening but after that more than 4 hours consolidation between 24773-24850 therefore sharp upward moves were seen in last hour. As good intraday consolidation last Friday and intraday selling patterns were not seen therefore more upward moves are expected towards next resistances in the beginning of next week.

Conclusions (After putting

all studies together)

1- Very Short Term Trend is at Stake

2- Short Term Trend is at Stake.

3- Intermediate Term Trend is at Stake.

4- Long Term Trend is Up.

Although now impulsive Wave-5 continuation with its recent top formations at 25669.30 on 30-06-2025 and no confirmation of its completion yet on EOD charts and  Short Term correction started from this level which completed also at 24337.70 on 08-08-2025 but since then 2 times Pull Back rallies and 2 times Short Term corrections have also been seen since then. As these Short Term corrections and Pull Back rallies have been seen with higher bottoms and higher tops formations and it is a consolidation pattern also therefore expected that finally on going Wave-5 upward moves will be seen towards and above life time top at 26277.30 after on going correction completion.    

As Very Short Term to Intermediate Term Trends are at stake and finally sustaining beyond 24726-24944 will confirm these Trends formations and that side next decisive moves beginning hence it should be firstly watched in the coming week/weeks for its confirmations. 

Although Short Term indicator MACD is showing downward moves beginning possibility but another Short Term indicator Stochastic and last Friday intraday charts are clearly suggesting upward moves beginning possibility therefore firstly upward moves are expected towards following next resistances in the beginning of next week and finally sustaining beyond 24726-24944 will confirm Very Short Term to Intermediate Term Trends:-

1- 24981-25049              

2- 25113-25142

3- 25271-25331

4- 25408-25448

Next Supports below last Friday ckosing are as follows:-

1- 24773-24850 

2- 24602-242679

3- 24550-24618

4- 24356-24462(Strong supports)

As out of station therefore unable to post 

today(03-10-2025) Outlook. 

 Sustaining above 24682 will mean 

Pull Back beginning strong indication

Nifty-Intra Day Chart Analysis &

Market Outlook(01-10-2025)

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

Technical Patterns formation in today intraday charts

1- 84 Points fall in first half hour after positive opening

2- Almost 6 Hours trading with consolidation patterns indications between 24588-24682

3- Whole day trading between 24607-24731

Conclusions from intra day chart analysis 

Although firstly 84 Points fall in first half hour after positive opening but after that almost 6 hours trading with consolidation patterns indications between 24588-24682 therefore firstly sustaining beyond this range should be watched tomorrow and once sustaining above 24682 will mean strong Pull Back beginning strong indication.

 Watch today lowest for on 

going Short Term correction 

continuation confirmations

Nifty-Intra Day Chart Analysis & Market

Outlook(30-09-2025)

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

Technical Patterns formation in today intraday charts

1- Firstly upward moves after positive opening

2- Selling between 24730-24791

3- Downward moves

4- Consolidation between 24607-24673

5- Selling between 24708-24743

6- Sharp fall in last half hour

7- Whole day trading between 24607-24791

Conclusions from intra day

chart analysis 

Following lines were told on 27-09-2025 in "Just Watch next resistances amid firstly upward moves beginning possibility":-

1- upward moves are firstly expected towards 24829 in the beginning of next week. 

2- sustaining beyond following next resistances should be firstly watched for first signal of next decisive moves beginning amid firstly upward moves beginning possibility

Although lower levels some consolidation but s was told on 27-09-2025 100% same happened today and firstly Upward moves were seen upto 24791.3 today.

As selling was seen between 24738-24829 last Friday and fresh selling developed between 24730-24791 today also therefore downward moves were seen after that. Although lower levels consolidation and after that some upward moves were also seen but follow up selling developed therefore  Sharp fall was seen in last half hour and Nifty closed near the lower levels of the day.

It is clear that higher levels good intraday selling was seen today therefore firstly sustaining beyond today lowest(24607) for on going Short Term correction continuation confirmations.

Just Watch next resistances amid 

firstly upward moves beginning possibility

Technical Analysis,Research & Weekly

Outlook(Sep 29 to Oct 03,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (26-Sep-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-3 completion with new life time top formations at 26277.30 on 27-09-2024 and Corrective Wave-A of Wave-4 of "ABC" correction beginning.

5- Corrective Wave-A of Wave-4 completion at 23263.20 on 21-11-2024.

6- Corrective Wave-B of Wave-4 completion at 24857.80 on 05-12-2024.

7- Corrective Wave-C of Wave-4 completion at 21743.70 on 07-04-2025 and Impulsive Wave-5 beginning from this level.

8- Impulsive Wave-5 continuation with recent top formations at 25669.30 on 30-06-2025.

9- Short Term correction completion with recent bottom formations at 24337.70 on 08-08-2025. 

10- Pull Back Rally completion with recent top formations at 25448.50 on 18-09-2025. 

11- Short Term correction continuation with recent bottom formations at 24629.45 on 26-09-2025.

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. Wave-1 completed at 18887.60 on 01-12-2022 and corrective Wave-2 started from this level which completed at 16828.30 on 20-03-2023. Impulsive 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-4 started from this level.

Corrective Wave-A of Wave-4 completed at 23263.20 on 21-11-2024 and Wave-B of Wave-4 begun from this levels which completed at 24857.80 on 05-12-2024. From this level corrective Wave-C of Wave-4 started which completed at 21743.70 on 07-04-2025 and Wave-5 begun from this level. 

Now impulsive Wave-5 continuation with its recent top formations at 25669.30 on 30-06-2025 and no confirmation of its completion yet on EOD charts but Short Term correction begun from this levels which completed at 24337.70 on 08-08-2025 and from this level a Pull Back Rally started which completed after its top formations at  25448.50 on 18-09-2025. Short Term correction begun from this levels which is now in continuation with its recent bottom formations at 24629.45 on 26-09-2025.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (26-Sep-2025):-

Technical Patterns and Formations in EOD charts

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

2- Stochastic:- %K(5)- 04.20 & %D(3)- 12.29.

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

4- MACD(26,12)- 222.96 & EXP(9)- 223.40 & Divergence- -0.44.

Conclusions from EOD chart analysis

(Stochastic & MACD)

Technical positions of Short Term indicators are as follows:-

1- As in Stochastic indicator its %K(5) line has intersected %D(3) line downward and its both lines are falling in Over sold zone therefore it will be understood that this indicator is still showing some more downward moves possibility.  Let its both lines to start upward moves after %K(5) line upward intersection of %D(3) line then Short Term upward moves will be seen.

2- As in MACD indicator its both MACD line and Average line are kissing in positive zone therefore it will be understood that MACD indicator is not confirming any side decisive moves beginning. As its both lines are well above in positive zone therefore if MACD line intersects Average line upward in the coming week then decisive upward moves will be seen after upward Trend formation confirmations.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (26-Sep-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 24994(Very Short Term Trend decider) 

2- 21-Day SMA is today at 24948(Short Term Trend decider) 

3- 55-Day SMA is today at 24895(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24932

5- 200-Day SMA is today at 24162(Long Term Trend decider) 

 

Conclusions from EOD chart analysis

(Averages)

As Nifty has closed well above Long Term Trend decider 200-Day SMA last Friday therefore this Trend is definitely up also but Intermediate and Short Term Trends are at stake because Nifty has closed below its deciders 21-Day and 55-Day SMAs in last 2 sessions of previous week. Very Short Term Trend is clearly down because Nifty has closed below its decider 5-Day SMA in all the 5 sessions of previous week.

Nifty-Intra Day Chart Analysis

(26-Sep-2025)

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

Technical Patterns formation in today intraday charts

1- 114 points fall in first 20 minutes after 59 points gap down opening

2- Selling between 24738-24829

3- Downward moves

4- Support between 24630-24672

5- Whole day trading between 24630-24868

Conclusions from intra day

chart analysis 

As all the Asian markets were weak last Friday after negative closing of all US markets one day before and Trump imposed 100% tariff on pharmaceutical products also therefore sentiment was depressed and resultant firstly 114 points fall was seen in first 20 minutes after 59 points gap down opening last Friday. Although after that firstly more than 3 hours selling was seen between 24738-24829 therefore downward moves developed in Mid-Session but lower levels supports also between 24630-24672 hence upward moves are firstly expected towards 24829 in the beginning of next week. 

Conclusions (After putting all studies together)

1- Very Short Term Trend is Down.

2- Short Term Trend is at Stake.

3- Intermediate Term Trend is at Stake.

4- Long Term Trend is Up.

Impulsive Wave-3 of that Waves structure completed with new life time top formations at 26277.30 on 27-09-2024 which started through its Impulsive Wave-1 from 15183.40 on 17-06-2022. Corrective Wave-A of Wave-4 of "ABC" correction begun from 26277.30 of which Wave-C of Wave-4 completed at 21743.70 on 07-04-2025 and Impulsive Wave-5 started from this level. 

Although now impulsive Wave-5 continuation with its recent top formations at 25669.30 on 30-06-2025 and no confirmation of its completion yet but since then 2 times Short Term corrections upto 24337.70 and once a Pull Back Rally was seen which completed at 25448.50 on 18-09-2025. Now Short Term correction continuation with its recent bottom formations at 24629.45 on 26-09-2025 and no indication of its completion yet on EOD charts.

As Donald Trump announced 100% tariff on pharmaceutical products therefore sharp fall was seen last Friday and downward moves were also seen in all the 5 sessions of previous week therefore Short and Intermediate Term Trends are now at Stake and until Nifty will not sustain beyond these 2 Trends deciders 21-Day and 55-Day SMAs till then that side next bigger moves will not be seen. As Long Term Trend is up and once sustaining above these 2 Trends deciders will mean on going impulsive Wave-5 continuation towards life time top at 26277.30. 

Although Short Term indicator MACD is not confirming any side decisive moves beginning but another indicator Stochastic is completely Over sold and once its upward moves beginning after %K(5) line upward intersection of %D(3) then decisive Short Term upward moves will be seen. As lower levels intraday supports were also seen last Friday therefore sustaining beyond following next resistances should be firstly watched for first signal of next decisive moves beginning amid firstly upward moves beginning possibility:-  

1- 24738-24829

2- 24981-25049

3- 25113-25142

4- 25271-25331

5- 25408-25448

Next Supports below last Friday lowest are as follows:-

1- 24550-24618.

2- 24356-24462(Strong supports).

3- 24165-24337(Gap Support).

4- 24042-24139

5- 23859-23987

Watch Next supports after Trump

 100% tariff on pharmaceutical products

Mid-session Outlook

(26-09-2025)

As President Donald Trump announced on Thursday that pharmaceutical products will be subject to a 100% tariff starting October 1 and 50% tariff has already been imposed  by Trump on Indian imports therefore sentiment turned completely dampened and resultant all around sharp correction is being seen in Indian markets. 

Next supports have already been updated in previous Outlook which should be firstly watched one by one for next decisive moves beginning confirmations.

Firstly watch next supports after

 weaker Global markets yesterday

 night & today morning

As all US Markets closed in negative zone yesterday and all the Asian markets were also trading weaker today morning therefore sentiment turned depressed hence firstly downward moves were seen after 72 points negative opening of Nifty because Short Term correction is on and no confirmation of its completion yet on EOD charts. 

US markets closing is as follows:-

1- Dow Jones closed 0.38% Down yesterday.

2- S&P 500 closed 0.50% Down yesterday.

3- Nasdaq closed 0.50% Down yesterday.

Asian markets trading positions are as follows:-

1- Nikkei 225(Japan) is trading 0.65% Down today morning.

2- Hang Seng(Hong Kong) is trading 0.49% Down today morning.

3- Taiwan Weighted is trading 0.19% Down today morning.

4- SET(Bangkok) is trading 0.20% Down today morning.

5- KOSPI(Korea) is trading 2.39% Down today morning.

As Short Term correction is very much on therefore firstly following supports should be watched for the life and length of on going correction

1- 24709-24772(Now trading within these supports).

2- 24550-24618.

3- 24356-24462(Strong supports).

4- 24165-24337(Gap Support).

Upward moves expectations

 towards today highest

Nifty-Intra Day Chart Analysis &

Market Outlook(26-09-2025)

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

Technical Patterns formation in today intraday charts

1- Whole day downward moves in Bullish Falling Channel

2- Whole day trading between 24879-25092

Conclusions from intra day chart analysis 

Although firstly upward moves after negative opening but downward moves started which remained continued till last hour. As whole day today downward moves were in Bullish Falling Channel and it is a consolidation pattern therefore upward moves are expected towards today highest in the coming sessions after fresh consolidation near about today lowest.

Psychological level of 25000 will 

confirm the life and length of 

on going Short Term Correction

Nifty-Intra Day Chart Analysis &

Market Outlook(25-09-2025)

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

Technical Patterns formation in today intraday charts

1- Whole day only volatility between 25028-25149 after negative opening.

2- Whole day trading between 25028-25149.

Conclusions from intra day chart analysis

Following 2 Topics were posted in both previous Outlooks:- 

1- Rally continuation amid only a Short Term Correction possibility(Weekly Outlook for this week trading was Posted on 20-09-2025)

2- Downward moves towards next Supports(Daily Outlook for 23-00-2025 intraday trading was Posted at 02:43 AM on 23-00-2025)

Short Term Correction and Downward moves possibility were told in both previous Outlooks and Downward moves were seen in all the 3 sessions of this week.

As Whole day only volatility between 25028-25149 after negative opening was seen today and:- 

1- One sided intraday patterns were not seen. 

2- Technical positiions changes fast during such intraday volatility.

3- Today closing was within that supports(25039-25061) which was posted in above mentioned topic on 20-09-2025.

4- Psychological level of 25000 is just below above mentioned supports

Therefore firstly sustaining beyond Psychological level of 25000 should be watched in the coming sessions for the life and length of on going Short Term Correction.