Firstly upward moves & finally sustaining beyond 25492-25868
will confirm next bigger
moves beginning
Technical Analysis,Research
& Weekly Outlook
(Feb 09 to Feb 13,2026)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (06-Feb-2026):-
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-i of Wave-5 completion at 25669.30 on 30-06-2025.
9- Corrective Wave-ii of Wave-5 completion at 24337.70 on 08-08-2025.
10- Impulsive Wave-iii of Wave-5 continuation with recent high and new life time top formations at 26373.20 on 05-01-2026.
11- Correction completion at 24571.8 on 01-02-2026.
12- 1252.8 Points jump to 26341.2 on 03-02-2026 after Trump announcement of reducing Indian tariffs from 50% to 18%.
13- Correction continuation with recent bottom formations at 25491.90 on 06-02-2026.
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. Its 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 Wave-4 begun started 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 impulsive Wave-5 begun from this level. Impulsive Wave-i of Wave-5 completed at 25669.30 on 30-06-2025 and from this levels corrective Wave-ii of Wave-5 started which completed at 24337.70 on 08-08-2025. From this level impulsive Wave-iii of Wave-5 begun which is now in continuation with its recent high and new life time top formations at 26373.20 on 05-01-2026 and no confirmation of its completion yet on EOD charts.
As forceful correction was seen from life time top therefore Nifty slipped 1801 points in only 19 sessions till Union Budget 2026-27 day of 01-02-2026. In the same manner that much forceful 1252.8 Points jump was also seen with intraday highest formations at 26341.2 on 03-02-2026 after Trump announcement of reducing Indian tariffs from 50% to 18%. Nifty could not move above life time top and remained only 32 short from this level after this tariffs reduction led such high intraday jump.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (06-Feb-2026):-
Technical Patterns and Formations in EOD charts
1- Stochastic- Its both lines %K(5) and %D(3) are kissing below Over bought zone.
2- Stochastic:- %K(5)- 63.21 & %D(3)- 63.91
3- In MACD- MACD line has intersected Average line upward and its both lines are rising in negative zone.
4- MACD(26,12)- -129.51 & EXP(9)- -354.08 & Divergence- 224.57
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 below Over bought zone therefore it will be understood that at present this indicator is not showing any side decisive moves beginning possibility. Let its %K(5) line to intersect %D(3) line upper side or lower side then that side one sided decisive moves will be seen.
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 MACD indicator has shown first signal of Short Term upward trend formations and fresh upward moves brginning possibility also.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (06-Feb-2026):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 25586(Very Short Term Trend decider)
2- 21-Day SMA is today at 25465(Short Term Trend decider)
3- 55-Day SMA is today at 25827(Intermediate Term Trend decider)
4- 100-Day SMA is today at 25658
5- 200-Day SMA is today at 25254(Long Term Trend decider)
Conclusions from EOD chart
analysis(Averages)
As Nifty has closed above Very Short Term,Short Term and Long Term Trends deciding 5-Day,21-Day and 200-Day SMAs in all the 4 sessions of last week therefore these 3 Trends are now up but Intermediate Term Trend is still down because Nifty is closing its decider 55-Day SMA for the last one month.
Nifty-Last 4 Sessions intraday
charts analysis
Nifty-Intra Day Chart (Feb 03 to Feb 06,2026):-
Technical Patterns formation in last 4 Sessions intraday charts
1- Selling(Resistances) in last 4 Sessions are as follows:-
A- 25782-25868
2- Consolidation(Supports) in last 4 Sessions are as follows:-
A- 25606-25681
B- 25492-25577
3- Last 4 Sessions actual trading between 25492-25868
4- Last 4 Sessions trading between 25492-26341
Conclusions from 4 Sessions
intra day chart analysis
As Trump announced reduction of Indian tariffs to 18% from 50% in the Midnight of 02-03-2026 therefore on next day(03-02-2026) Nifty firsly traded at 26341.2 after 1199.95 points gap up opening. Although such huge jump but Nifty remained 32 points short of life time top and could not sustain at intraday higher levels as well as slipped 555 points also in first minute. After such high first minute volatility Nifty traded whole day sideways with intraday selling patterns indications between 25642-25868.
Higher levels selling and lower levels buying levels of 4 previous sessions have already been updated above. As lower levels good intraday consolidation was seen in last 2 sessions therefore firstly upward moves are expected in the beginning of next week and sustaining beyond 4 previous sessions trading highest(25868) should be watched in the coming week for next bigger moves beginning confirmations.
Conclusions
(After putting all studies together)
1- Very Short Term Trend is at stake.
2- Short Term Trend is is at stake.
3- Intermediate Term Trend is Down.
4- Long Term Trend is at stake.
New Waves structure which begun more than 3 years before through its Wave-1 from 15183.40 on 17-06-2022 is now in continuation through its Wave-iii of Wave-5 with recent high and new life time top formations at 26373.20 on 05-01-2026 and no indication of its completion yet on EOD charts. That deeper and sharp correction which started from life time top was completed on Budget 2026-27 day(01-02-2026) after its bottom formations at 24571.8.
Nifty jumped 1252.8 Points on 03-02-2026 after Trump announcement of reducing Indian tariffs from 50% to 18%. Although such huge jump but Nifty remained 32 points short of life time top and could not sustain at intraday higher levels also as well as Nifty slipped 555 points in first minute.
Although Intermediate Term Trend is Down but all other 3 Trends are now at stake and now Short Term indicator Stochastic is also not showing any side decisive moves beginning signals. As another Short Term indicator MACD has generated first signal of fresh upward moves beginning possibility and last 2 sessions intraday charts have also generated firstly upward moves beginning expectations therefore finally sustaining beyond 4 previous sessions trading highest(25868) should be watched in the coming week for next decisive upward/downward moves beginning confirmations because:-
1- Actual trading was seen below 4 previous sessions trading highest(25868) after Trump announcement of Tariff reduction to 18%.
2- Sustaining below 4 previous sessions lowest(25492) will be possible only after complete intraday selling because good intraday consolidation was seen above it in last 2 sessions of previous week.
As finally sustaining beyond 4 previous sessions trading range(25492-25868) will confirm the real impact of Trump announcement on Indian economy and resultant Indian Stock Market also therefore should be watched for its confirmations amid firstly upward moves expectations. Supports and resistances within 4 previous sessions trading range(25492-25868) have already been posted above and these levels beyond this range are as follows.
Next supports below 4 previous sessions lowest(25492) are as follows:-
1- 24356-24462(Strong supports).
2- 24165-24337(Gap Support).
3- 24042-24139
4- 23859-23987
Next resistances above 4 previous sessions trading highest(25868) are as follows:-
1- 25883-25942
2- 26069-26108
3- 26149-26181
4- 26216-26260
5- 26329-26373