Fate of on going Middle East
ceasefire peace talks & resultant sustaining beyond 23683-24074 will generate next bigger moves
Technical Analysis,Research & Weekly Outlook(Apr 13 to Apr 17,2026)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (10-Apr-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 after 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 with new life time top formations at 26373.20 on 05-01-2026.
9- Corrective Wave-ii of Wave-5 continuation with recent bottom formations at 22182.55 on 02-04-2026.
10- Pull Back Rally continuation with recent top formations at 24074.00 on 10-04-2026.
11- Last 3 sessions trading between 23683-24074
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 after its recent high and new life time top formations at 26373.20 on 05-01-2026 and from this levels corrective Wave-ii of Wave-5 started which is now continuation and no confirmation of its completion also on EOD charts after its recent lowest formations at 22182.55 on 02-04-2026. Pull Back Rally begun from this level which is now in continuation with recent top formations at 24074.00 on 10-04-2026 and no indication of its completion also on EOD charts.
As US President Donald Trump suddenly announced 2-week ceasefire of West Asia war on 08-04-2026 morning therefore that day Nifty opened huge 701 points gap up and after that last 3 sessions trading was seen between 23683-24074. Last 3 sessions trading was due to ceasefire of Middle East war and now peace talks are going on as well as Trump has again started to threaten Iran. As finally sustaining beyond or forceful break out/down of last 3 sessions trading range will be according to ceasefire talks success or failure therefore it should be watched for next bigger decisive moves beginning confirmations.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (10-Apr-2026):-
Technical Patterns and Formations in EOD charts
1- In Stochastic- Its both lines %K(5) and %D(3) are kissing in Over bought zone.
2- Stochastic:- %K(5)- 94.46 & %D(3)- 93.21.
3- In MACD- MACD line has intersected Average line upward and its both lines are rising in negative zone.
4- MACD(26,12)- -264.51 & EXP(9)- -712.75 & Divergence- 448.24
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 in Over bought zone therefore it will be understood that at present this indicator is not suggesting any side decisive moves beginning possibility. As its both lines are kissing in Over bought zone and if %K(5) line clearly intersect %D(3) line downward then decisive upward 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 indicated Short Term upward trend formations and more upward moves possibility also.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (10-Apr-2026):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 22583(Very Short Term Trend decider)
2- 21-Day SMA is today at 23285(Short Term Trend decider)
3- 55-Day SMA is today at 24562(Intermediate Term Trend decider)
4- 100-Day SMA is today at 25205
5- 200-Day SMA is today at 25176(Long Term Trend decider)
Conclusions from EOD chart
analysis (Averages)
As Nifty is trading well above Very Short and Short Term Trends deciding 5-Day and 21-Day SMAs for the last 3 sessions therefore these 2 Trends are up but Long Term and Trend Intermediate Term Trend are clearly down because Nifty is trading below these 2 Trends deciding 55-Day and 200-Day SMAs for the last 33 sessions.
Nifty-Last 3 Sessions
intraday charts analysis
Nifty-Intra Day Chart (Apr 08 to Apr 10,2026):-
Technical Patterns formation in last 3 Sessions intraday charts
1- Last 3 sessions trading between 23683-24074
Conclusions from 3 Sessions
intra day chart analysis
last 3 sessions trading was seen between 23683-24074 after 701 points gap up opening because US President Donald Trump suddenly announced ceasefire of Middle East war and last 3 sessions trading was according to different positive and negative news therefore finally sustaining beyond these 3 sessions trading range should be watched in the coming week for next bigger decisive moves beginning confirmations.
Conclusions (After putting
all studies together)
1- Very Short Term Trend is up.
2- Short Term Trend is up.
3- Intermediate Term Trend is down.
4- Long Term Trend is down.
Impulsive Wave-i of Wave-5 of that waves structure completed after new life time top formations at 26373.20 on 05-01-2026 of which impulsive Wave-1 begun more than 3 years before from 15183.40 on 17-06-2022. Now its corrective Wave-ii of Wave-5 continuation with its recent bottom formations at 22182.55 on 02-04-2026 and no confirmation of its completion yet on EOD charts.
Although now Pull Back Rally continuation with its recent top formations at 24074.00 on 10-04-2026 and last 3 sessions trading between 23683-24074 as well as its valid break out/down will be according to the fate of on going ceasefire of Middle East war therefore both should be watched for next bigger moves beginning confirmations.
Short Term indicator MACD has shown signals of upward moves beginning possibility and another Short Term indicator Stochastic is completely Overbought therefore some downward moves may also begin hence it will be understood that indicators are not confirming any side bigger moves beginning possibility. Although Short Term Trends are up but Intermediate and Long Term Trends are down therefore at present only limited upward moves possibility will be considered.
United States and Israel launched coordinated, major military strikes against Iran on February 28, 2026 and since then all the Global Financial markets are reacting according to Middle East war escalation and De-escalation possibility. As last 3 sessions trading between 23683-24074 was after huge 701 points gap up opening on 08-04-2026 which was due to President Donald Trump ceasefire announcement and finally next upward or downward decisive moves beyond this last 3 sessions range will be according to the fate of on going Middle East ceasefire peace talks between US and Iran therefore it should be firstly watched in the coming week.