Finally sustaining beyond last 

8 sessions trading range after

 Union Budget 2026-27 will form

 next Trend and generate

 next bigger moves

Technical Analysis,Research

 & Weekly Outlook

(Feb 01 to Feb 06,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (30-Jan-2026):-

Technical Patterns and Formations in EOD charts

1- 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.

2- Corrective Wave-A of Wave-4 completion at 23263.20 on 21-11-2024.

3- Corrective Wave-B of Wave-4 completion at 24857.80 on 05-12-2024.

4- Corrective Wave-C of Wave-4 completion at 21743.70 on 07-04-2025 and Impulsive Wave-5 beginning from this level.

5- Impulsive Wave-i of Wave-5 completion at 25669.30 on 30-06-2025.

6- Corrective Wave-ii of Wave-5 completion at 24337.70 on 08-08-2025. 

7- Impulsive Wave-iii of Wave-5 continuation with recent high and new life time top formations at 26373.20 on 05-01-2026.

8- Correction continuation with recent bottom formations at 24919.80 on 21-01-2026.

9- Last 8 sessions trading between 24920-25585.

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 begun from 15183.40 on 17-06-2022. Corrective Wave-A of Wave-4 of "ABC correction" started from life time top which completed at 23263.20 on 21-11-2024 and Wave-B begun 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 started 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 begun which completed at 24337.70 on 08-08-2025. From this level impulsive Wave-iii of Wave-5 started which is now in continuation with its 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. 

Correction begun from life time top 3 weeks before and such forceful downward moves were also seen during this correction that Nifty slipped 1454 points in only 12 sessions immediately after new life time top formations. As last 8 sessions trading between 24920-25585 was with high intraday volatility and Nifty is preparing for post Union Budget 2026-27 one sided bigger moves within this 8 sessions trading range therefore firstly sustaining beyond this 8 previous sessions trading range should be watched in the coming week for the life and length of on going correction and post Budget decisive bigger moves beginning as well. 

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (30-Jan-2026):-

Technical Patterns and Formations in EOD charts

1- Stochastic- %K(5) line has intersected %D(3) line upward and its both lines are rising towards and within Over bought zone.

2- Stochastic:- %K(5)- 82.78 & %D(3)- 66.58.

3- In MACD- MACD line has intersected Average line downward and its both lines are falling in negative zone.

4- MACD(26,12)- -427.25 & EXP(9)- -341.26 & Divergence- -85.99

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  line upward and its both lines are rising towards and within Over bought zone and its both lines have not turned Over bought yet as well as downward intersection has also not been happen yet therefore it will be understood that upward moves will be seen in the coming week and any decisive Downward move will get confirmations only after its %K(5) line Downward intersection of %D(3) line.

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 (30-Jan-2026):-

8

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 25261(Very Short Term Trend decider) 

2- 21-Day SMA is today at 25676(Short Term Trend decider) 

3- 55-Day SMA is today at 25880(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 25625

5- 200-Day SMA is today at 25199(Long Term Trend decider) 

 

Conclusions from EOD chart

analysis (Averages)

As Nifty is trading and closing below Short and Intermediate Term Trends decider 21-Day and 55-Day SMAs for the last 15 sessions therefore these 2 trends are down but Very Short and Long Term Trends are at stake because Nifty is hovering around these 2 Trends decider 5-Day and 200-Day SMAs for the last 7 sessions. As finally sustaining beyond 5-Day and 200-Day SMAs will confirm Very Short and Long Term Trends formations as well as generate next bigger moves beginning strong signals there firstly sustaining beyond these 2 Averages should be watched in the coming week for next bigger moves beginning confirmations.

Nifty-Last 8 Sessions intraday

charts analysis

Nifty-Intra Day Chart (Jan 20 to Jan 30,2026):-

Technical Patterns formation in last 8 Sessions intraday charts

1- Selling(Resistances) in last 8 Sessions are as follows:-

A- 25403-25458 

B- 25460-25509

2- Consolidation(Supports) in last 8 Sessions are as follows:-

A- 25160-25303

B- 25014-25097

C- 24920-24945

3- Last 8 Sessions trading between 24920-25585

Conclusions from 8 Sessions

intra day chart analysis 

As highly intraday volatile trading was seen in last 8 Sessions between 24920-25585 and Union Budget 2026-27 announcements led highly volatile trading may also be seen in the beginning of coming week as well as finally Indian Stock Markets will begin fresh one sided moves according to final conclusions from Union Budget therefore:-

1- Firstly sustaining beyond above mentioned supports and resistances within last 8 Sessions trading range should be watched for initial signals of next decisive moves beginning. 

2- Finally sustaining beyond last 8 Sessions trading range should be watched for next decisive moves beginning confirmations. 

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 at stake.

Impulsive Wave-iii of Wave-5 of that Waves structure is now in continuation with its recent high and new life time top formations at 26373.20 on 05-01-2026 of which Wave-1 started more than 3 years before from 15183.40 on 17-06-2022. Although no confirmation of impulsive Wave-iii of Wave-5 completion yet on EOD charts but the correction which begun from the day of new life time top formation is also now in continuation with its recent bottom formations at 24919.80 on 21-01-2026 and no confirmation of its completion also on EOD charts.

As firstly sharp fall from life time top and after that last 8 sessions highly volatile trading between 24920-25585 therefore:-  

1- Long Term and Very Short Term Trends are now at stake. Intermediate Term and Short Term Trends are down therefore it is clear that now Trends are not showing any side clear direction. 

2- Short Term indicators are also not showing clear picture of next Trends because one Short Term indicator Stochastic is showing some more upward moves signals while another Short Term indicator MACD is showing Downward Trend formations and suggesting more Downward moves possibility also.

Although indicators and Averages are not showing clear picture  in the beginning of coming week but will be 100% clear after Union Budget 2026-27 announcements and resultant sustaining beyond last 8 sessions trading range(24920-25585). Supports and resistances within last 8 sessions trading range has beeen posted above and next supports and resistances beyond this range are as follows which should be watched for next decisive moves after sustaining beyond last 8 sessions trading range:-

Supports below 24920 are as follows:-

1- 24773-24850 

2- 24602-24679

3- 24550-24618

4- 24356-24462(Strong supports).

5- 24165-24337(Gap Support).

6- 24042-24139

7- 23859-23987

Resistances above 25585 are as follows:-

1- 25594-25712

2- 25883-25942  

3- 26069-26108

4- 26149-26181

5- 26216-26260

6- 26329-26373

Finally sustaining beyond Levels will confirm Pre and Post Budget next one sided bigger moves 

Nifty-Intra Day Chart Analysis &

Market Outlook(30-01-2026)

Nifty-Intra Day Chart (29-Jan-2026):-

Technical Patterns formation in today intraday charts

1- 93 Points sharp fall in first minute after flat opening

2- Consolidation in first 3 hours between 25160-25303

3- Up moves with downward corrections in Mid-Session

4- Selling in last hour between 25403-25458

5- Whole day trading between 25160-25458

Conclusions from intra day

chart analysis 

Although firstly 93 points sharp fall in first minute after flat opening but lower levels consolidation was seen in first 3 hours between 25160-25303 therefore upward moves developed in Mid Session. As these upward moves were with downward corrections hence Nifty recovered from all first hour 185 points loss and closed also with 76 points gains but selling was also seen at higher levels in last hour between 25403-25458 therefore expected that Nifty will firstly trade and prepare for post Budget moves within and near about today trading range tomorrow.   

Nifty traded between 24920-25435 in 5 previous sessions after 414 points sharp fall on 20-01-2026. Although today highest was above previous 5 sessions highest at 25458.15 but Nifty closed today also within 5 previous sessions range after fresh intraday selling above and within this range. Today Mid-Session upward moves were the reaction of Economic Survey Report and tomorrow Indian Stock Markets will prepare for post Budget one sided decisive and bigger moves and finally Indian markets will react on Budget announcements on 01-02-2026. 

As high intraday Volatility can not be ruled out in the coming 2 sessions therefore sustaining beyond following levels should be watched in the coming 2 sessions for Pre and Post Budget next one sided bigger moves beginning signals and confirmations with next Long Term Trend formation confirmations also which is now at stake:-   

1-25403-25458(Today intraday selling range for first signal of next decisive moves beginning)

2- Long Term Trend decider 200-Day SMA(today at 25184) for next formation confirmations.

3- 24920-25458(Last 6 sessions trading range for next bigger moves beginning confirmations)   

4- Supports within last 6 sessions trading range are as follows:-

A- 25160-25303

B- 25014-25097

C- 24920-24945

5- Resistances within last 6 sessions trading range are as follows:-

A- 25403-25458

As out of station therefore unable to post 

today(27-11-2025) Outlook but perhaps will be able to post tomorrow(28-11-2025) Outlook

Union Budget 2026–27 week will confirm next Trend & Bigger moves according to Nifty sustaining beyond Long Term Trend decider 200-Day SMA

Technical Analysis,Research &

 Weekly Outlook

(Jan 27 to Jan 30,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (23-Jan-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 24919.80 on 21-01-2026.

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 started. Its Wave-1 completed at 18887.60 on 01-12-2022 and corrective Wave-2 begun from this level which completed at 16828.30 on 20-03-2023 and impulsive  Wave-3 started 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 from this level.

Corrective Wave-A of Wave-4 completed at 23263.20 on 21-11-2024 and Wave-B of Wave-4 started from this levels which completed at 24857.80 on 05-12-2024. From this level corrective Wave-C of Wave-4 begun which completed at 21743.70 on 07-04-2025 and impulsive Wave-5 started 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 begun which completed at 24337.70 on 08-08-2025. From this level impulsive Wave-iii of Wave-5 started 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. Deeper and fast correction started from life time top and forceful downward moves were also seen during this on going correction. Now this correction is also in continuation with its recent bottom formations at 24919.80 on 21-01-2026 and no indication of its completion also on EOD and intraday charts therefore firstly its completion confirmation is required for any decisive upward moves beginning first signal.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (23-Jan-2026):-

Technical Patterns and Formations in EOD charts

1- Stochastic- %K(5) line has intersected %D(3) line upward and its both lines are rising from Over sold zone.

2- Stochastic:- %K(5)- 27.10 & %D(3)- 23.67.

3- In MACD- MACD line has intersected Average line downward and its both lines are falling in negative zone.

MACD(26,12)- -380.07 & EXP(9)- -158.51 & Divergence- -221.56

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  line upward and its both lines are rising from Over sold zone therefore it will be understood that this indicator has generated first signal of fresh upward moves beginning which may be seen also 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 (23-Jan-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 25263(Very Short Term Trend decider) 

2- 21-Day SMA is today at 25809(Short Term Trend decider) 

3- 55-Day SMA is today at 25898(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 25599

5- 200-Day SMA is today at 25143(Long Term Trend decider) 

 

Conclusions from EOD chart analysis (Averages)

As Nifty is continuously closing below 5-Day,21-Day and 55-Day SMAs for the last 11 sessions therefore Very Short Term to Intermediate Term Trends have turned down but Long Term Trend is now at stake because:-

 

1- Nifty is hovering around its decider 200-Day SMA for the last 3 sessions.  

2- Nifty has closed its decider 200-Day SMA in only one session last Friday. Let Nifty to sustain beyond 200-Day SMA then finally Long Term Trend formations will get confirmations according to its up or down sustaining beyond its decider 200-Day SMA. 

Nifty-Intra Day Chart

Analysis(22-Jan-2026)

Nifty-Intra Day Chart (22-Jan-2026):-

Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 25254-25347

2- Sharp fall

3- Sideways trading between 25186-25244

4- Sharp fall

5- Support in last 2 hours between 25026-25106

6- Whole day trading between 25026-25347

Conclusions from intra day

chart analysis 

Although 54 points positive opening last Friday but whole day downward moves were seen and Nifty closed near the lower levels of the day 0.95% down also. As firstly Mixed Patterns formation between 25254-25347 and after that  Sideways trading also between 25186-25244 in Mid-Session and one sided intraday trading patterns were not seen as well as Nifty is in correction mode therefore sharp fall was seen 2 times.

As Nifty got supports at lower levels in last 2 hours between 25026-25106 therefore firstly sustaining beyond this supports range should be watched in the coming week for next decisive and one sided bigger moves beginning confirmations.

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 at stake.

New Waves structure which started 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. So much deeper and sharp correction begun from life time top which is now in contiuation forcefully with its recent bottom formations at 24919.80 on 21-01-2026 after loosing 1453 points in only 12 sessions as well as no indication of its completion also on EOD and intraday charts. 

Averages are confirming that Very Short Term to Intermediate Term Trends have turned down but Long Term Trend is now at stake and finally sustaining beyond its decider 200-Day SMA(today at 25143) will confirm next one side bigger moves beginning. Although Short Term indicator MACD is showing more Downward moves possibility but another Short Term indicator Stochastic has generated first signal of fresh upward movs beginning as well as last Friday intraday charts are showing lower levels supports also therefore firstly sustaining beyond following next resistances and levels should be watched in the coming week for next decisive and bigger moves beginning confirmations.

1- Long Term Trend decider 200-Day SMA(today at 25143)

2- 25302-25347

3- 25441-25485

4- 25594-25712

5- 25883-25942  

6- 26069-26108

7- 26149-26181

8- 26216-26260

9- 26329-26373

Next Supports below last Friday lowest are as follows:-

1- 24905-24945

2- 24773-24850 

3- 24602-24679

4- 24550-24618

5- 24356-24462(Strong supports).

6- 24165-24337(Gap Support).

7- 24042-24139

8- 23859-23987

As Union Budget 2026–27 will be presented on 1st February 2026, while the Economic Survey is expected on 29th January 2026 and Union Budget  announcements led huge volatility will also be seen but finally sustaining beyond Long Term Trend decider 200-Day SMA(today at 25143) will generate next bigger moves hence:-

1- Firstly sustaining beyond Long Term Trend decider 200-Day SMA(today at 25143) should be watched. 

and 

2- Finally sustaining beyond above mentioned next resistances and supports should be watched according to Nifty sustaining beyond 200-Day SMA(today at 25143) Upper side or Lower side.