Global Financial Markets
dancing on Donald Trump Music
during Middle East war
Technical Analysis,Research & Weekly Outlook(Apr 06 to Apr 10,2026)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (02-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.
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 this level 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" begun from this level completed at 21743.70 on 07-04-2025 and impulsive Wave-5 started from this level.
Impulsive Wave-i of Wave-5 completed with new life time top formations at 26373.20 on 05-01-2026 and from this level corrective Wave-ii of Wave-5 begun which is now forcefully continuation due to Middle-East war escalation with its recent bottom formations at 22182.55 on 02-04-2026 and no indication of its completion yet on EOD charts.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (02-Apr-2026):-
Technical Patterns and Formations in EOD charts
1- Stochastic- Its both lines %K(5) and %D(3) are kissing just above Over sold zone.
2- Stochastic:- %K(5)- 25.16 & %D(3)- 28.59.
3- In MACD- Its both MACD line and Average line are kissing in negative zone.
4- MACD(26,12)- -3197.77 & EXP(9)- -3329.72 & Divergence- 131.95.
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 just above Over sold 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 just above Over sold zone and if %K(5) line clearly intersect %D(3) line upward then only decisive upward moves moves will be seen.
2- As in MACD indicator its both MACD line and Average line are kissing in negative zone therefore it will be understood that at present this indicator is not showing clear signals of any side one sided decisive moves beginning. Let its MACD line to intersect its Average line any side clearly then that side one sided decisive moves will be seen.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (02-Apr-2026):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 22770(Very Short Term Trend decider)
2- 21-Day SMA is today at 23508(Short Term Trend decider)
3- 55-Day SMA is today at 24754(Intermediate Term Trend decider)
4- 100-Day SMA is today at 25312
5- 200-Day SMA is today at 25207(Long Term Trend decider)
Conclusions from EOD chart
analysis (Averages)
As Nifty is continuously closing well below all the 3 Short Term to Long Term deciding 21-Day to 200-Day 3 SMAs for the last 22 sessions therefore these 3 Trends down now. Very Short Term Trend is now at stake because Nifty is hovering around its deciding 5-Day SMA for the last 12 sessions.
Nifty-Last 2 Sessions intraday
charts analysis
Nifty-Intra Day Chart (Apr 01 & Apr 02,2026):-
Technical Patterns formation in last 2 Sessions intraday charts
1- Selling(Resistances) in last 2 Sessions are as follows:-
A- Selling between 22831-22939 on 01-04-2026
B- Selling between 22680-22755 on 01-04-2026
2- Consolidation(Supports) in last 2 Sessions are as follows:-
A- Consolidation between 22183-22284 on 02-04-2026
B- Upward moves with downward corrections on 02-04-2026
3- Last 2 Sessions trading between 22183-22941
Conclusions from 2 Sessions
intra day chart analysis
As firstly higher levels selling in first 3 hours after 184 points gap up and 567 points positive opening on 01-02-2026 and after that again follow up selling developed in last 2 hours also therefore in this manner good intraday selling was seen that day.
Although firstly 235 points gap down and 296 points negative opening and after that 200 points more downward moves were also seen in first hour on 02-02-2026 but lower levels consolidation was also seen in first 3 hours. As last 3 hours upward moves were with downward corrections therefore Nifty closed with 33.70 points gains near the intraday higher levels of the day on 02-04-2026.
It is clear from the intraday trading patterns formations of both previous sessions that higher levels good selling and lower levels equally good consolidation also developed therefore expected that Nifty will firstly trade and prepare for next decisive moves within and near about last 2 sessions trading range(22183-22941) and finally sustaining beyond this range will generate next decisive bigger moves beginning which should be firstly watched in the coming week.
Conclusions (After putting
all studies together)
1- Very Short Term Trend is at stake.
2- Short Term Trend is is down.
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 indication of its completion yet on EOD charts.
As Middle East war escalation therefore corrective Wave-ii of Wave-5 continuation forcefully and no indication of its completion yet on EOD charts and Short Term to Long Term all 3 Trends have turned down during on going correction. At present Short Term indicators Stochastic and MACD are not showing any side immediate Short Term moves beginning possibility and last 2 sessions intraday charts are suggesting that finally sustaining beyond 22183-22941 will confirm next "one sided decisive bigger moves" beginning therefore it should be firstly watched in the coming week for its confirmations.
All the Global Financial Markets are dancing on Donald Trump Music during Middle East war and Nifty is reacting through near about 300 points gap up or gap down opening according to his different Musics(continuously changing statements). Next supports and resistances which are below and above last Thursday closing should be watched in the coming week for next decisive moves beginning confirmations:-
Next supports below last Thursday closing are as follows:-
1- 22183-22284
2- 21825-22021
3- 21795-21860
4- 21711-21791
5- 21653-21690
6- 21544-21628
All the resistances above last Thursday closing are as follows:-
1- 22831-22939
2- 23940-24006
3- 24198-25302
4- 24304-24415(Gap resistance)
5- 24545-24700
6- 24830-24963
7- 24990-25141
8- 25272-25350
9- 25493-25572
10- 25588-25652
11- 25718-25754
12- 25775-25820
13- 25842-25881
14- 25947-25984
15- 26069-26108
16- 26149-26181
17- 26216-26260
18- 26329-26373