EWavesJournal

 🧭 NIFTY ANALYSIS – 01 NOVEMBER 2025 | Buy on Dips Towards 25,700–25,200 if get

LTP: 25,722
Resistance: 26,107 / 26,278
Supports: 24,334 / 21,734
Trend: Bullish – Buy on Dips

📈 Overview
Nifty has moved strongly from the 24,334 low to a recent high around 26,107, forming a well-structured upward channel. The pattern looks like a leading diagonal, which usually occurs in early impulsive phases. This indicates the possibility of a short-term correction before the next big rally resumes.

The broader Elliott Wave structure shows that Nifty is still within Wave (3) of a larger uptrend, suggesting that any dips are likely to be temporary and may offer excellent buying opportunities.

📝 NOTE: Leading diagonal is not a pattern I prefer to consider as highly reliable. But yes, there is a possibility that the recent move fits that structure.

🧭 Technical View
Immediate Resistance: 26,107 / 26,278 – a breakout above this zone may trigger a direct rally toward 27,000.

Support Zones: 25,670 and 25,191 could act as short-term pullback areas before the next move higher.

Major Supports: 24,334 and 21,734 are crucial structural levels. The uptrend remains intact as long as Nifty holds above 21,734.

RSI (14) is near 58, showing balanced momentum. There’s enough room for price expansion once the short correction completes.

🎯 Possible Scenarios
1️⃣ Corrective Pullback (Preferred Scenario):
If the recent move from 24,334 to 26,107 is indeed a leading diagonal, Nifty may pull back towards 25,670 – 25,191 before reversing sharply upward towards 27,000.

2️⃣ Direct Breakout (Alternate Scenario):
If Nifty crosses 26,107 directly, a Wave 3 extension could unfold, leading to a quick rally toward 27,000 – 28,000 levels.

📊 Either way, the broader structure remains bullish, and “Buy on Dips” continues to be the most favorable trading strategy.

🎯 Upside Targets
Timeframe Target Levels
Short Term 27,000
Medium Term 29,100 – 30,450
Long Term 33,000 – 34,734

⚠️ Risk Management
A daily close below 21,734 would invalidate the current bullish count. Until that happens, all downward moves are likely to be corrective in nature.

🗣️ Conclusion
Nifty remains within a solid long-term uptrend. Short-term dips should be viewed as buying opportunities as long as the index stays above 21,734. A breakout above 26,278 could accelerate momentum toward 27,000 and beyond.

Trading View: Bullish above 21,734 — Buy on Dips toward 25,700–25,200.
Wave View: Current move likely part of Wave (3); structure supports 27K and higher levels.

https://in.tradingview.com/chart/NIFTY/4K4HFaqC-NIFTY-ANALYSIS-01-Nov-2025-Buy-on-Dips-if-moves-down/