Firstly watch sustaining beyond 25140
& next supports for the life & length
of on going Short Term correction
Technical Analysis,Research & Weekly
Outlook(Jul 14 to Jul 18,2025)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (11-Jul-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 completion at 21743.70 on 07-04-2025 and Wave-(v) of Wave-3 beginning from this level.
6- Impulsive Wave-(v) of Wave-3 continuation with recent top formations at 25669.30 on 30-06-2025.
7- Short Term correction continuation with recent bottom formations at 25129.00 on 11-07-2025.
Conclusions from EOD chart analysis
(Waves structure)
Corrective Wave-C of Wave-(ii) of Wave-3 "ABC" correction completed at 18837.80 on 26-10-2023 and from this level impulsive Wave-(iii) of Wave-3 begun which completed after new life time top formations at 26277.30 on 27-09-2024 and from this levels corrective Wave-A of Wave-(iv) of Wave-3 "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 24857.80 on 05-12-2024. From this level corrective Wave-C of Wave-(iv) of Wave-3 started which completed at 21743.70 on 07-04-2025 and impulsive Wave-(v) of Wave-3 begun from this level. Now impulsive Wave-(v) of Wave-3 continuation with recent top formations at 25654.20 on 27-06-2025.
Although no confirmation of impulsive Wave-(v) of Wave-3 completion yet on EOD charts but Short Term correction started fron its top which is now in continuation also with recent bottom formations at 25129.00 on 11-07-2025 and no confirmation of its completion also.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (11-Jul-2025):-
Technical Patterns and Formations in EOD charts
1- Previous 10 Sessions trading range(25332-25669) broken down on 11-07-2025.
2- Stochastic- %K(5) line has intersected %D(3) line downward and its both lines are falling towards Over sold zone.
3- Stochastic:- %K(5)- 24.10 & %D(3)- 42.34.
4- In MACD- MACD line has intersected Average line downward and its both lines are falling in positive zone.
5- MACD(26,12)- 210.11 & EXP(9)- 295.42 & Divergence- -85.31
Conclusions from EOD chart analysis
(Stochastic & MACD)
Trading in 10 previous sessions from 27-06-2025 to 10-07-2025 was seen between 25332-25669 and this trading range was forcefully broken down on 11-07-2025. At present Short Term correction continuation with recent bottom formations at 25129.00 on 11-07-2025 and now 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 towards Over sold zone therefore it will be understood that at present this indicator is showing signals of some more downward moves 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 zone therefore it will be understood that this indicator has started to show downward trend formation signals and resultant on going Short Term correction continuation possibility also.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (11-Jul-2025):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 25393(Very Short Term Trend decider)
2- 21-Day SMA is today at 25239(Short Term Trend decider)
3- 55-Day SMA is today at 24893(Intermediate Term Trend decider)
4- 100-Day SMA is today at 24036
5- 200-Day SMA is today at 24088(Long Term Trend decider)
Conclusions from EOD chart analysis
(Averages)
As Nifty has closed below Very Short Term and Short Term Trends deciders 5-Day and 21-Day SMAs last Friday therefore these 2 Trends are down. Both Intermediate and Long Term Trends are up because Nifty closed well above these 2 trends decider 55-Day and 200-Day SMAs last Friday.
Nifty-Intra Day Chart Analysis
(11-Jul-2025)
Nifty-Intra Day Chart (11-Jul-2025):-
Technical Patterns formation in today intraday charts
1- Upward moves after gap down and 99 points weaker opening.
2- More than 150 points fall in next 2 hours.
3- More than 4 hours sideways trading between 25140-25191
4- Whole day trading between 25129-25322.
Conclusions from intra day
chart analysis
Although firstly upward moves after gap down and 99 points weaker opening but after that more than 150 points fall was seen in next 2 hours last Friday. As more than 4 hours sideways trading between 25140-25191 and one sided intraday trading patterns were not seen within this trading range therefore firstly sustaining beyond this range should be watched in the coming week for next decisive moves beginning confirmations.
Conclusions (After putting all studies together)
1- Very Short Term Trend is down.
2- Short Term Trend is down.
3- Intermediate Term Trend is up.
4- Long Term Trend is up.
Impulsive Wave-1 of which Waves structure started from 15183.40 on 17-06-2022 is now in continuation through its impulsive Wave-(v) of Wave-3 with its recent top formations at 25654.20 on 27-06-2025. Short Term correction begon from this level which is also in continuation with its recent bottom formations at 25129.00 on 11-07-2025 and no indication of its completion yet on EOD and intraday charts.
Although Intermediate and Long Term Trends are up but Very Short and Short Term Trends have turned down during on going Short Term correction. As previous 10 Sessions trading range(25332-25669) was forcefully broken down on 11-07-2025 and same day more than 4 hours sideways trading was also between 25140-25191 therefore firstly sustaining beyond this range should be watched in the coming week for the next decisive moves beginning confirmations.
As both Short Term indicators Stochastic and MACD are siganalling more downward moves possibility therefore:-
If Nifty sustains below 25140 then following next supports should be firstly watched one by one for the life and length of on going Short Term correction:-
1- 25009-25056
2- 24846-24929
3- 24759-24816
4- 24598-24695
Next resistances above last Friday highest are as follows:-
1- 25323-25340(Gap Resistance)
2- 25360-25427
3- 25478-25548
4- 25625-25541