Firstly watch next immediate
supports amid escalating
Middle-East war
Technical Analysis,Research
& Weekly Outlook
(Mar 09 to Mar 13,2026)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (06-Mar-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 continuation with recent bottom formations at 24305.40 on 04-03-2026.
Conclusions from EOD chart analysis
(Waves structure)
Impulsive Wave-3 of that Waves structure completed after new life time top formations at 26277.30 on 27-09-2024 of which impulsive Wave-1 of new Waves structure started from 15183.40 on 17-06-2022. Corrective Wave-A of Wave-4 of "ABC correction" begun from life time top which completed at 23263.20 on 21-11-2024 and Wave-B started from this level which completed at 24857.80 on 05-12-2024. Wave-C of "ABC correction" 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. Although no confirmation of Wave-iii of Wave-5 completion yet on EOD charts but that correction which started from life time top has again turned forceful in the previous week after the beginning of Middle-East war and no indication of its completion also on EOD charts.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (06-Mar-2026):-
Technical Patterns and Formations in EOD charts
1- Stochastic- %K(5) line has intersected %D(3) line downward and its both lines are falling towards Over sold zone.
2- Stochastic:- %K(5)- 20.57 & %D(3)- 19.99.
3- In MACD- MACD line has intersected Average line downward and its both lines are falling in negative zone.
4- MACD(26,12)- -366.10 & EXP(9)- -64.84 & Divergence- -301.26
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 towards Over sold zone therefore it will be understood that this indicator is still showing signals 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 negative zone therefore it will be understood that MACD indicator has confirmed Short Term downward trend formations and more downward moves possibility also.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (06-Mar-2026):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 24748(Very Short Term Trend decider)
2- 21-Day SMA is today at 25451(Short Term Trend decider)
3- 55-Day SMA is today at 25620(Intermediate Term Trend decider)
4- 100-Day SMA is today at 25729
5- 200-Day SMA is today at 25343(Long Term Trend decider)
Conclusions from EOD chart
analysis (Averages)
Short Term to Intermediate Term all 3 Trends were already down and Long Term Trend has also turned down in previous week because Nifty has closed its deciding 200-Day SMA in all the 5 sessions of previous week and also has closed 893 points below it last Friday.
Nifty-Intra Day Chart Analysis
(06-Mar-2026)
Nifty-Intra Day Chart (06-Mar-2026):-
Technical Patterns formation in today intraday charts
1- More than 5 hours selling between 24545-24700(immediate Resistances)
2- 192 Points sharp fall in last hour
3- Whole day trading between 24416-24700
Conclusions from intra day
chart analysis
Although firstly some upward moves after negative opening last Friday but more than 5 hours selling was seen between 24545-24700 therefore 192 Points sharp fall developed in last hour. As such huge intraday selling therefore more downward moves will be seen in the coming week and until Nifty will not sustain above last Friday Friday highest(25700) after complete consolidation patterns formations till then decisive upward moves will not be seen.
Conclusions (After putting
all studies together)
1- Very Short Term Trend is down.
2- Short Term Trend is is down.
3- Intermediate Term Trend is down.
4- Long Term Trend is down.
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 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. That deeper and sharp correction which started from life time top is now in continuation with its recent bottom formations at 24305.40 on 04-03-2026 and no of its completion also on EOD charts.
All the Trends have turned down during on going more than 2000 points correction and Short term indicators are also indicating on going correction continuation possibily as well as last Friday intraday charts patterns are also showing only intraday selling patterns also formations therefore more downward moves are expected in the coming week.
Not only Indian Stock Markets but Global Stocks market crash was driven by escalating Middle-East war, which caused Brent crude oil prices surged from 70$ to 73$ means 32% huge jump per barrel also in the last 6 sessions. This uncertainty, particularly regarding potential disruptions to oil shipments via the Strait of Hormuz, has increased inflation fears and driven investors toward safe-haven hence remain cautious while trading in the all the Global Financial markets. Next Supports and Resistances beyond last Friday closing are as follows which should also be watched for next decisive moves begining confirmations.
As indicators are showing signals of more downward moves possibility and last Friday intraday charts have also shown complete intraday selling patterns formations therefore firstly next immediate supports below last Friday closing should be watched for next immediate Short Term moves beginning confirmations because Middle-East war is also now in escalating situation:-
1- 24312-24398
2- 24165-24305(Gap Support).
3- 24042-24139
4- 23859-23987
All the resistances above last Friday closing are as follows:-
1- 24545-24700
2- 24830-24963
3- 24990-25141
4- 25272-25350
5- 25493-25572
6- 25588-25652
7- 25718-25754
8- 25775-25820
9- 25842-25881
10- 25947-25984
11- 26069-26108
12- 26149-26181
13- 26216-26260
14- 26329-26373