Watch next supports amid on 

going correction continuation

 due to escalating

 West Asia war

Technical Analysis,Research & Weekly Outlook(Mar 30 to Apr 02,2026)

Nifty-EOD Chart

Analysis (Waves structure)

Nifty-EOD Chart (27-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 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 22471.30 on 23-03-2026.

10- Last 6 sessions trading between 22472-23465

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 forcefully continuation due to West Asia war escalation and no indication of its completion also on EOD charts after its recent lowest formations at 22471.30 on 23-03-2026.

Last 6 sessions trading between 22472-23465 with lower levels good supports and higher levels equally good selling. As finally sustaining beyond this last 6 sessions range will confirm next one sided bigger moves moves beginning therefore should be watched in the coming week/weeks for its confirmations.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (27-Mar-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)- 50.26 & %D(3)- 35.99.

3- In MACD- Its both MACD line and Average line are kissing in negative zone.

4- MACD(26,12)- -957.64 & EXP(9)- -1027.42 & Divergence- 69.78

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 upward and its both lines are rising from Over sold zone therefore it will be understood that this indicator is suggesting more upward moves possibility in the coming week. 

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 (27-Mar-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 22933(Very Short Term Trend decider) 

2- 21-Day SMA is today at 23909(Short Term Trend decider) 

3- 55-Day SMA is today at 24935(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 25403

5- 200-Day SMA is today at 25244(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 19 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 9 sessions.

Nifty-Last 6 Sessions intraday

charts analysis

Nifty-Intra Day Chart (Mar 19 to Mar 27,2026):-

Technical Patterns formation in last 6 Sessions intraday charts

1- Selling(Resistances) in last 6 Sessions are as follows:-

A-  23358-23465

B-  23201-23351

C-  22923-22994

2- Consolidation(Supports) in last 6 Sessions are as follows:-  

A-  22630-22810

B-  22472-22583

3- Last 6 Sessions trading between 22472-23465 

Conclusions from 6 Sessions

intra day chart analysis 

Last 6 sessions trading between 22472-23465 with above mentioned lower levels good supports and higher levels above mentioned equally good selling. As finally sustaining beyond this last 6 sessions range will confirm next one sided bigger moves moves beginning therefore should be watched in the coming week/weeks for its beginning confirmations.

As whole day only intraday selling after negative opening and more than 3 hours selling in sideway trading also between 22923-22994 last Friday therefore this selling range will be immediate resistance of Nifty and until Nifty will not sustain above it after complete intraday consolidation patterns formations till then any decisive upward moves will not be seen.

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.

Waves structure which begun more than 3 years before through its impulsive Wave-1 from 15183.40 on 17-06-2022 is now in continuation through its impulsive Wave-5 of which impulsive Wave-i completed after new life time top formations at at 26373.20 on 05-01-2026. Now Wave-ii of Wave-5 continuation with recent bottom formations at 22471.30 on 23-03-2026. and no indication of its completion yet on EOD charts.

Short Term to Long Term all 3 Trends have turned down during on going correction. Although Short Term indicator Stochastic is showing is showing signals of fresh upward moves beginning but another Short Term indicator MACD is not indicating any side one sided decisive moves beginning possibility. 

Although finally sustaining beyond last 6 sessions trading range(22472-23465) will confirm next one sided bigger moves moves beginning but last Friday intraday charts are suggesting that firstly downward moves will be seen towards the lowest(22472) of last 6 sessions and sustaining it beyond should be firstly watched for next bigger downward moves beginning amid escalating West Asia war. Next supports below last 6 sessions lowest are as follows:-  

1- 22271-22424

2- 21825-22021

Next resistances above last 6 sessions highest are as follows:-  

1- 23466-23618(Gap Resistances)

2- 23754-23847

3- 23932-24006

4- 24198-25302 

5- 24304-24415(Gap resistance)

6- 24545-24700

Firstly watch next 2 supports(22630-22810 & 22472-22583) which are within last 6 sessions trading range(22472-23465) and if sustains below 22472 then watch above mentioned next supports amid on going correction continuation due to escalating West Asia war.

Downward moves expectations

 towards last Wednesday lowest

Nifty-Intra Day Chart Analysis &

Market Outlook(27-03-2026)

Nifty-Intra Day Chart (25-Mar-2026):-

Technical Patterns formation in today intraday charts

1- Upward moves in first 2 hours after 152 points positive openng

2- More than 3 hours selling between 23358-23465

3- Little downward moves in last hours

4- Whole day trading between 23064-23465

Conclusions from intra day

chart analysis 

Although firstly strong upward moves after 152 points positive openng and Nifty traded 552 points up also but higher levels more than 3 hours selling was also between 23358-23465 therefore little downward moves were seen in last hours and more downward moves are expected towards last Wednesday lowest as well as:-

1- 23358-23465 will be immediate resistance of Nifty 

and 

2- Until Nifty will not sustain above it after complete consolidation till then decisive upward moves will not be seen above 23465.

and 

3- Sustaining beyond last Wednesday lowest should be watched for next intraday decisive moves beginning confirmations.

Finally sustaining beyond 22886-23057 will confirm next one sided decisive moves beginning  

Nifty-Intra Day Chart Analysis & 

Market Outlook(25-03-2026)

Nifty-Intra Day Chart (24-Mar-2026):-

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel

2- Upward moves

3- Sharp up

4- Mixed Patterns formation in last 3 hours between 22886-23057 

5- Whole day trading between 22625-23057

Conclusions from intra day chart analysis 

As in first 2 hours Down moves were in Bullish Falling Channel after strong opening therefore firstly  upward moves and after that sharp upward moves were seen from intraday lower levels . Although 1.78% strong closing but higher levels last 3 hours trading was with Mixed Patterns formation between 22886-23057 also therefore expected that Nifty will firstly trade and prepare for next decisive moves within and near about this range and finally sustaining beyond this range will confirm next one sided decisive moves beginning which should firstly watched tomorrow for its confirmations.

Watch 22741 amid upward

moves are expectations

Nifty-Intra Day Chart Analysis &

Market Outlook(24-03-2026)

Nifty-Intra Day Chart (23-Mar-2026):-

Technical Patterns formation in today intraday charts

1- 453 Points down in first minute after 243 points gap down opening.

2- Selling between 22698-22741

3- Selling between 22619-22657 

4- Support between 22472-22583

5- Whole day trading between 22472-22851

Conclusions from intra day

chart analysis 

As Trump gave 48-hour ultimatum to Iran for reopening Strait of Hormuz and high risk of US big attack on Monday night therefore firstly Nifty traded 453 Points down in first minute after 243 points gap down opening and after that more downward moves were seen as well as Nifty traded 643 down also in Mid-Session. 

Although 2 times higher levels some selling was seen but lower levels good supports also developed during whole day actual intraday trading 22472-22741 therefore upward moves are expected towards 22741 and sustaining it beyond should be watched tomorrow for next intraday decisive moves beginning confirmations.