All the Trends are Down & watch

 next supports and resistances also amid

 Union Budget-2025 led Volatility

Technical Analysis,Research & Weekly

Outlook(Jan 27 to Jan 31,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (24-Jan-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 22976.60 on 21-01-2025.

6- Last 10 sessions sideways between 22977-23426

Conclusions from EOD chart analysis

(Waves structure)

Impulsive Wave-(iii) of Wave-3 begun from 18837.80 on 26-10-2023 after Wave-C of Wave-(ii) of Wave-3 of "ABC" correction completion at this level. Impulsive Wave-(iii) of Wave-3 gained 7439.5 points in 11 months before completion at 26277.30 on 27-09-2024 after new life time top formations at this level and Corrective Wave-A of Wave-(iv) of Wave-3 completed this level. 

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. Corrective Wave-C of Wave-(iv) of Wave-3 begun from this level which is now in continuation with recent bottom formations at 22976.60 on 21-01-2025 and no confirmation of its completion yet on EOD charts.

Last 10 sessions sideways trading is being seen between 22977-23426 and finally sustaining beyond or forceful break out/down of this range will generate next bigger moves therefore should be watched in the coming week for next Trend formations and/or next bigger moves beginning confirmations

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (24-Jan-2025):-

Technical Patterns and Formations in EOD charts

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

2- Stochastic:- %K(5)- 38.74 & %D(3)- 39.07.

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

4- MACD(26,12)- -310.42 & EXP(9)- -326.80 & Divergence- 16.38

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 above Over sold zone therefore it will be understood that at present this indicator is not showing clear signals of any side Short Term moves beginning. Let its both lines to start one sided moves after %K(5) line intersection of %D(3) line then that side Short Term moves will be seen in the coming week.

2- As in MACD indicator its both MACD line and Average line are kissing in negative zone therefore it will be understood that now Short Term Trend is down but at present this indicator is not showing clear signals of any side immediate Term moves beginning. Let its both lines to start one sided moves after MACD line intersection of Average line then that side immediate moves will be seen.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (24-Jan-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 23164 

2- 21-Day SMA is today at 23467

3- 55-Day SMA is today at 23881

4- 100-Day SMA is today at 24407

5- 200-Day SMA is today at 23984

Conclusions from EOD chart analysis

(Averages)

Although Nifty is hovering around 5-Day SMA for the last 11 sessions but all the Trends are down because Nifty is well below and sustained below all the Short to Long Term decider 21,55 and 200-Day SMAs. Let Nifty to sustain above following Averages then that Trend will be up:- 

1- Short Term Trend will be up after sustaining above 21-Day SMA.

2- Intermediate Term Trend will be up after sustaining above 55-Day SMA. 

3- Long Term Trend will be up after sustaining above 200-Day SMA.

Nifty-Intra Day Chart Analysis

(24-Jan-2025)

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

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel

2- Up moves with downward corrections

3- Selling between 23295-23347

4- Down moves with upward corrections

5- Whole day actual trading between 23051-23347

Conclusions from intra day chart analysis 

Although firstly downward moves after negative opening but were in Bullish Falling Channel therefore upward moves were seen after 1st hour downward moves. As these upward moves were with downward corrections which means with intraday consolidation patterns formations hence Nifty recovered 244 points form lower levels and traded 141 points up also. 

Nifty could not sustain at higher levels because fresh selling patterns formations were seen and after that last more than 3 hours down moves were with upward corrections which means more intraday selling patterns formations therefore it will be understood that more intraday selling patterns developed last Friday hence firstly downward moves are expected in the beginning of next week.

Conclusions

(After putting all studies together)

1- Long Term Trend is at down.

2- Intermediate Term trend down.

3- Short Term Trend is down.

Corrective Wave-A of Wave-(iv) of Wave-3 of "ABC" correction which started from 26277.30 on 27-09-2024 after Impulsive Wave-(iii) of Wave-3 completion and new life time top formations at this level. Now Corrective Wave-A of Wave-(iv) of Wave-3 in in continuation after loosing 3300 points in the last 3 months. Although now no confirmation of on going correction completion but firstly sustaining beyond last 10 sessions sideways range(22977-23426) should be watched in the coming week/weeks for the next Trend formations and that side Short Term moves beginning confirmations.

As Short Term indicators are not showing of any side decide moves beginning clear signals and Averages are confirming that all the trends are down as well as last Friday intraday charts are also showing downward moves beginning signals therefore firstly sustaining beyond the lowest of last 10 sessions trading range(22977-23426) should be watched in the coming week for the confirmation of on going Short Term Correction continuation/completion. 

As Union Budget-2025 will be presented on 01-02-2025 and Union Budget led volatility will be seen in the coming week therefore following supports and resistances should also be watched one by one for next decisive moves beginning confirmations:-

Next supports below previous week closing are as follows:- 

1- 22760-22871

2- 22291-22395

3- 21884-22191

4- 21502-21582

5- 21417-21500

Next resistances above previous week closing are as follows:- 

1- 23178-23207

2- 23295-23347

3- 23355-23426

4- 23498-23601

5- 23603-23649

6- 23834-23877

7- 23892-24065

8- 24106-24143

9- 24191-24230

10-24282-24314

Sustaining beyond most crucial

 levels will generate more than

 1% one sided moves

Nifty-Intra Day Chart Analysis &

Market Outlook(24-01-2025)

Nifty-Intra Day Chart (23-Jan-2025):-

Technical Patterns formation in today intraday charts

1- Sharp upward moves after negative opening

2- More than 5 hours sideways trading between 23198-23270

3- Whole day actual trading between 23091-23270

Conclusions from intra day chart analysis 

Although firstly slipping after negative opening and Nifty traded 64 points down also but sharp upward moves were seen after that as well as Nifty traded more than 5 hours sideways between 23198-23270 today. Resistances between 23205-23293 were posted in both 2 previous Outlooks and Nifty traded more than 5 hours sideways within and little below this range between 23198-23270 today as well as Nifty closed exactly today at the bottom of mentioned resistance range at 23205.35. As in this manner levels between 23198-23293 has become most crucial and next bigger moves decider also as well as finally sustaining beyond this range will generate next more than 1% one sided moves hence it should be watched in the coming sessions for more than 1% moves beginning confirmations.

Watch immediate Support & Resistances

 after Intraday Volatility

Nifty-Intra Day Chart Analysis & 

Market Outlook(23-01-2025)

Nifty-Intra Day Chart (22-Jan-2025):-

Technical Patterns formation in today intraday charts

1- Intraday volatility

2- Whole day actual trading between 22982-23169

Conclusions from intra day chart analysis 

Although strong US markets closing led positive opening of Nifty but one day before good intraday selling was seen in Indian markets therefore Nifty could not sustain and downward moves started which remained continued more than 4 hours. 1st supports between 22961-23096 was posted at 09:36 PM on 20-01-2025 and Nifty got supports within this range at 22981.30 as well as upward moves begun which remaied continued till last half hour. 

As whole day only intraday volatility and one sided clear intraday trading patterns were not seen therefore sustaining beyond following immediate supports and immediate resistances should be watched for next one sided decisive moves moves beginning confirmations:-                                            

1- Immediate support(22961-23096)

2- Immediate resistances(23205-23293)

Firstly watch sustaining beyond 

23205-23293 after US markets 

led upward moves today

Post-open Outlook

(22-01-2025)

As Dow Jones closed 537 points up yesterday and resultant sentiment turned positive today morning therefore 

1- Green zone trading of Indian markets is being seen today. 

but

2- Midcap and Smallcap Indices are now trading more than 700 and 250 points down respectively.

3- Bank Nifty is trading in Red

As good selling was seen between 23205-23293 and above this range yesterday and this range is immediate resistance of Nifty therefore until Nifty will not sustain above this range till then decisive up moves will not be seen and firstly sustaining it beyond should be watched today for next intraday decisive moves beginning confirmations. 

Downward moves expectations

 towards next supports

Nifty-Intra Day Chart Analysis & Market

Outlook(22-01-2025)

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

Technical Patterns formation in today intraday charts

1- Selling between 23345-23426

2- Sharp down

3- Consolidation between 23147-23215

4- Sharp up

5- Selling between 23364-23411

6- Sharp down

7- Consolidation between 23109-23168

8- Selling between 23205-23293

9- Sharp down

10- Whole day actual trading between 22977-23426

Conclusions from intra day chart analysis 

As good intraday consolidation yesterday therefore firstly Nifty traded 76 points up after gap up opening but fresh selling developed immediately after opening  hence sharp down moves were begun which remained continued till last hour because whole day follow up selling was seen at intraday higher levels. 

Although whole day high intraday volatility with lower levels consolidation and and higher levels selling with sharp upward and downward moves also but higher levels more selling developed therefore firstly downward moves are expected towards following next supports. Sustaining beyond following supports should also be watched one by one for next intraday decisive moves beginning confirmations:- 

1- 22961-23096

2- 22760-22871

Upward moves expectations

 towards next resistances

Nifty-Intra Day Chart Analysis &

Market Outlook(21-01-2025)

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

Technical Patterns formation in today intraday charts

1- Consolidation between 23171-23239

2- Upward moves

3- More than 4 hours consolidation between 23329-23391

4- Whole day actual trading between 23171-23391

Conclusions from intra day chart analysis 

Although firstly 119 points down moves after positive opening and Nifty traded in negative zone also but lower levels consolidation developed therefore after that upward moves were seen. As more than 4 hours consolidation in last hours also therefore firstly upward moves are expected towards following next resistances and sustaining beyond these resistances should be watched one by one for next intraday moves beginning confirmations:- 

1- 23498-23601

2- 23603-23649