Just watch Level , Supports & Resistances according to Middle East war escalation and De-escalation possibility

Technical Analysis,Research & Weekly Outlook(Apr 27 to Apr 30,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (24-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 24601.70 on 21-04-2026.

11- Correction continuation with recent bottom formations at 23813.65 on 24-04-2026.

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 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 24601.70 on 21-04-2026 and no confirmation of its completion also on EOD charts. Correction started from this level which is also in continuation with its recent bottom formations at 23813.65 on 24-04-2026.

As all the Global Financial markets are reacting according to Middle East war escalation and De-escalation possibility therefore until Nifty will not sustain above or below any crucial level till then that side Trend will not get confirmations which should be firstly watched in the coming week/weeks for its confirmations.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (24-Apr-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)- 27.23 & %D(3)- 54.01.

3- In MACD- MACD line has intersected Average line upward and its both lines are rising in positive zone.

4- MACD(26,12)- 678.07 & EXP(9)- 453.55 & Divergence- 224.52

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 suggesting more downward moves possibility in the coming week. 

2- As in MACD indicator its MACD line has intersected Average line upward and its both lines are rising in positive zone therefore it will be understood that MACD indicator has confirmed Short Term upward trend formations and more upward moves possibility also.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (24-Apr-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 24278(Very Short Term Trend decider) 

2- 21-Day SMA is today at 23581(Short Term Trend decider) 

3- 55-Day SMA is today at 24402(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 25044

5- 200-Day SMA is today at 25126(Long Term Trend decider) 

 

Conclusions from EOD chart

analysis (Averages)

As Nifty is continuously closing well below Long Term Trend decider 200-Day SMA for the last 2 months therefore Long Term Trend is down. Intermediate and Very Short Term Term Trends are now at stake because Nifty is hovering around these 2 Trends deciding 55-Day and 5-Day SMAs for the last few sessions. As Nifty is continuously trading above Short Term Trend deciding 21-Day SMA for the last 3 weeks therefore Short Term Trend is now up. 

Nifty-Intra Day Chart Analysis

(24-Apr-2026)

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

Technical Patterns formation in today intraday charts

1- 107 Points movement in first minute between 24099-24206 after 72 points weaker opening.

2- 252 Points down in first 30 minutes from first minute highest

3- More than 4 hours downward moves in Bullish Falling Channel

4- Upward moves in last hours

5- Whole day trading between 23814-24206

Conclusions from intra day

chart analysis 

Although 72 points weaker opening last Friday but 107 points movement was seen in first minute between 24099-24206 in which Nifty traded in positive zone also. As Nifty could not sustain at higher levels therefore 252 Points downward moves were seen in first 30 minutes from first minute highest.

As more than 4 hours downward moves were in Bullish Falling Channel in Mid Session therefore upward moves were seen in last hours and more upward moves are expected towards last Friday highest in the beginning of coming week.

Conclusions (After putting all studies together)

1- Very Short Term Trend is at stake.

2- Short Term Trend is up.

3- Intermediate Term Trend is at stake.

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 26373.20 on 05-01-2026. Now Wave-ii of Wave-5 continuation with recent bottom formations at 22182.55 on 02-04-2026 and no confirmation of its completion yet on EOD charts. Pull Back Rally started from this level which is also in continuation with its recent top formations at 24601.70 on 21-04-2026. Short Term correction begun from this level which is also in continuation with its recent bottom formations 23813.65 on 24-04-2026.

As multiple news are coming daily regarding Middle East war escalation and De-escalation and not only Indian but all the Global Financial markets are reacting on these news therefore until Nifty will not sustain above 55-Day SMA till then corrective Wave-ii of Wave-5 completion will not get confirmations.

Although Short Term indicators are not clearly showing one side decisive moves beginning possibilities but last Friday intraday charts are showing upward moves indications in the beginning of next week therefore firstly sustaining beyond following next resistances should be watched one by one in the beginning of comimg week for next decisive moves beginning confirmations:-

1- 24214-24310

2- 24387-24453

3- 24533-24579

Next supports below last Friday closing are as follows:-

1- 23821-23856

2- 23604-23740

3- 23154-23555(Gap Supports)

Above mentioned level(55-Day SMA & 200-Day SMA).Supports & Resistances should be watched in the coming week/weeks for next decisive moves beginning confirmations according to Middle East war escalation and De-escalation possibility

Sustaining beyond 24110-24310

 will confirm next intraday

 decisive moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(24-04-2026)

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

Technical Patterns formation in today intraday charts

1- 243 Points down in first minute after 150 points gap down opening

2- Whole day volatile trading between 24151-24310

3- Whole day trading between 24135-24310

Conclusions from intra day

chart analysis 

As Middle East(US-Iran conflicts) war escalation risk and geopolitical tensions increased therefore most Asian markets were trading in negative zone hence firstly 243 Points downward moves after 150 points gap down opening were seen in first minute today morning. Whole day only volatile trading for intraday traders both sides Stop Loss cutting was seen between 24151-24310 and finally Nifty closed near the lower levels of the day after loosing 205 points.

Crude oil prices are surging therefore Indian Rupee is also weakening and USD to INR rate has moved above 94.10 for 1 US Dollar and Indian markets will also react on this economic scenario with war escalation or De- escalation possibility. As downward moves were expected therefore following next supports were posted 20-04-2026 in "Downward moves expectations towards following next supports" and today lowest was at 24134.80 as well as Nifty traded whole day today within and near about these supports between 24151-24310:-

1- 24252-24285

2- 24110-24155

 

As finally sustaining beyond 24110-24310 which is a combination of above 2 supports and Whole day today trading range(24151-24310) will confirm next intraday decisive moves beginning therefore firstly sustaining beyond 24110-24310 should be watched tomorrow for next intraday decisive moves beginning confirmations because these is complete uncertainty about Middle East war.  

Sustaining beyond 24387-24453

 will confirm next decisive

 moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(23-04-2026)

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

Technical Patterns formation in today intraday charts

1- 220 Points down in first hour after 105 points weaker opening.

2- 90 Points upward moves 

3- More than 4 hours trading with mixed Patterns formation between 24387-24453 

4- Whole day trading between 24353-24515

Conclusions from intra day

chart analysis 

Although firstly 220 Points downward moves in first hour after 105 points weaker opening but after that 90 Points upward moves were also seen from lower levels. As  more than 4 hours trading was with mixed Patterns formation between 24387-24453 therefore firstly sustaining beyond this range should be watched tomorrow for next decisive moves beginning confirmations.

Stock markets will react and generate next bigger moves according to US-Iran ceasefire next developments

Nifty-Intra Day Chart Analysis &

Market Outlook(22-04-2026)

Nifty-Intra Day Chart (21-Apr-2026):-

Technical Patterns formation in today intraday charts

1- Upward moves with downward corrections in rising Channel

2- Whole day trading between 24355-24601

Conclusions from intra day

chart analysis 

As 2nd round of US-Iran peace talks beginning possibility increased today morning therefore US markets Futures were trading in Green and all the Asian markets were also  trading in positive zone hence sentiment improved and in Indian Stock markets:-

1- Upward moves started after 9 points positive opening.

2- Whole day upward moves were seen with downward corrections and in rising Channel. 

As US-Iran ceasefire is set to expire at 5:30 AM Indian Standard Time (IST) on April 23, 2026 and not only Indian but all the Global financial markets will firstly react tomorrow according to US-Iran peace talks beginning possibility and if it begins then will move as per its sucess and failure therefore firstly watch US-Iran ceasefire final results because Stock markets will react and generate next bigger moves on its implications also.

Downward moves expectations

 towards following next supports

Nifty-Intra Day Chart Analysis &

Market Outlook(21-04-2026)

Nifty-Intra Day Chart (20-Apr-2026):-

Technical Patterns formation in today intraday charts

1- Volatility in first hour between 24242-24417

2- Upward moves

3- Selling in Mid-Session between 24401-24480 

4- Sharp fall in last half hour

5- Whole day trading between 24242-24480 

Conclusions from intra day

chart analysis 

Although firstly volatility in first hour between 24242-24417 and after that upward moves also but higher levels selling in Mid-Session between 24401-24480 therefore sharp fall was seen in last half hour and Nifty closed only 11.30 points up after slipping 115 points from intraday higher levels.  

 

As higher levels clear selling patterns formations today therefore downward moves are expected towards following next supports in the coming sessions:-

1- 24252-24285

2- 24110-24155

Sustaining beyond today lowest

 will confirm next decisive

 moves beginning 

Nifty-Intra Day Chart Analysis &

Market Outlook(17-04-2026)

Nifty-Intra Day Chart (16-Apr-2026):-

Technical Patterns formation in today intraday charts

1- Selling between 24368-24400

2- Downward moves

3- Selling between 24271-24330

4- Downward moves

5- Down moves in Bullish Falling Channel

6- Upward moves

7- Selling between 24166-24243

8- Whole day trading between 24103-24400

Conclusions from intra day chart analysis 

Although firstly some upward moves after gap up and 153 points positive opening but higher levels selling developed which remained continued in Mid-Session with 2 times downward moves. As lower levels Downward moves were seen in Bullish Falling Channel therefore upward moves were seen but again selling patterns developed in last hour therefore firstly sustaining beyond today lowest(24103) should be watched tomorrow for next decisive moves beginning confirmations because:-

1- Lower levels intraday consolidation was seen. 

2- despite higher levels good intraday selling.

Watch levels during both 

Middle East war escalation 

and De-escalation news flow

Nifty-Intra Day Chart Analysis &

Market Outlook(15-04-2026)

Nifty-Intra Day Chart (13-Apr-2026):-

Technical Patterns formation in today intraday charts

1- Up moves with downward corrections

2- Mixed Patterns formation in last hours between 23821-23907

3- Whole day trading between 23556-23907

Conclusions from intra day

chart analysis 

As peace talks between the United States and Iran in Islamabad, Pakistan, ended  without a final agreement to end the war therefore firstly sone downward moves were seen after gap down and 461 points weaker opening. Although such depressed sentiments but:-

1- Nifty could not sustain at lower levels and upward moves started with downward corrections 

2- Mixed Patterns formation were seen in last hours also between 23821-23907

Therefore firstly sustaining beyond last hours trading range(23821-23907) should be watched tomorrow for next decisive moves beginning confirmations because both Middle East war escalation and De-escalation news are flowing.

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.

Sustaining beyond 23683-23894

 will confirm next bigger decisive

 moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(10-04-2026)

Nifty-Intra Day Chart (09-Apr-2026):-

Technical Patterns formation in today intraday charts

1- Volatility in first half hour after negative opening

2- More than 5 hours trading with Mixed Patterns formation 23683-23894

3- Whole day trading between 23683-23990

Conclusions from intra day chart analysis 

As Middle East war Ceasefire violation risk was seen today morning and again war beginning possibility was also felt therefore firstly volatility was seen after negative opening. More than 5 hours trading was with Mixed Patterns formation between 23683-23894 and one sided intraday patterns formations was not seen most time of the day therefore expected that Nifty will firstly trade and prepare for next decisive moves within and near about this trading range. As finally sustaining beyond 23683-23894 will be according to clarity of Cease Fire acceptance by all concerned countries also therefore should be watched for next bigger decisive moves beginning confirmations. 

Watch next resistances if

sustains above today highest

Nifty-Intra Day Chart Analysis &

Market Outlook(09-04-2026)

Nifty-Intra Day Chart (08-Apr-2026):-

Technical Patterns formation in today intraday charts

1- Whole day upward moves in Rising Channel

2- Whole day trading between 23829-24025

Conclusions from intra day

chart analysis 

As US President Donald Trump suddenly announced 2-week ceasefire with Iran today morning therefore all the Asian markets jumped and Nifty also opened huge 701 points gap up and after that whole day upward moves were in Rising Channel as well as Nifty closed 3.78% up. That Trump who was till yesterday threating to Iran that ‘whole civilization will die tonight’ has suddenly taken U Turn and announced 2-week ceasefire which impacted all the Global Financial markets.  

Although whole day today upward moves were in Rising Channel and Nifty closed near the intraday higher levels of the day also but today upward moves were due to Bullish news and sentiments led therefore firstly sustaining above today highest should be watched tomorrow because selling also develops during such heated sentiments. Once sustaining above today highest will mean fresh upward moves beginning toward following next resistances and then sustaining beyond these resistances should be watched one by one for next intraday decisive moves beginning confirmations:-

1- 24198-24302 

2- 24304-24415(Gap resistance)

3- 24545-24700

4- 24830-24963

Just watch next supports and resistances after Donald Trump clear threat to Iran

Nifty-Intra Day Chart Analysis &

Market Outlook(08-04-2026)

Nifty-Intra Day Chart (07-Apr-2026):-

Technical Patterns formation in today intraday charts

1- More than 4 hours upward moves with downward corrections.

2- Sharp up in last hour

3- Whole day trading between 23154-22719

Conclusions from intra day chart analysis 

As Middle East war escalation news all around today morning therefore firstly Nifty traded 248 points down in first minute after 129 points weaker opening. Although such depressed sentiments today morning but upward moves started with downward corrections which remained continued more than 4 hours and after that sharp upward moves were also seen in last hour therefore Nifty closed with 155 points after after recovering whole first minute loss. 

Donald Trump has clearly told in his threat to Iran that ‘whole civilization will die tonight’. No one know that what will happen in the coming days and how much its impact will be on Petroleum supply to other countries and India also therefore following next supports and resistances should be watched one by one for next decisive moves beginning confirmations during such dark and unclear Global situations:-

Next supports below today closing are as follows:-

1- 22821-22940

2- 22567-22682

3- 22183-22284

4- 21825-22021

Next resistances above today closing are as follows:-

1- 23362-23477

2- 23706-23838

3- 23940-24006

4- 24198-24302 

As out of station therefore 

unable to post 

today(07-04-2026) Outlook. 

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- 23362-23477

2- 23706-23838

3- 23940-24006

4- 24198-24302 

5- 24304-24415(Gap resistance)

6- 24545-24700

7- 24830-24963

8- 24990-25141

9- 25272-25350

10- 25493-25572

11- 25588-25652

12- 25718-25754

13- 25775-25820

14- 25842-25881 

15- 25947-25984

16- 26069-26108

17- 26149-26181

18- 26216-26260

19- 26329-26373

Deeper correction beginning if 

Nifty sustains below 22619 

in reaction to 

 Trump announcements 

at 06:30 AM today

Nifty-Intra Day Chart Analysis & 

Market Outlook(02-04-2026)

Nifty-Intra Day Chart (01-Apr-2026):-

Technical Patterns formation in today intraday charts

1- Selling between 22831-22939

1- Selling between 22680-22755

3- Whole day trading between 22619-22941

Conclusions from intra day chart analysis 

Although firstly 42 points upward moves after 184 points gap up and 567 points positive opening selling was seen at higher levels and again follow up selling in last 2 hours therefore good intraday selling will be understood therefore downward moves are expected below today lowest in the coming sessions.

 

President Donald Trump is set to address the nation at 06:30 AM(IST) on 02-04-2026 amid the ongoing conflict in the Middle East and. As his announcements will generate next bigger moves in all the Global Financial Markets tomorrow therefore that should also be watched. If finally Nifty sustains below today lowest(22619) then deeper correction will be seen because higher levels intraday selling was seen today. 

 Sustaining beyond 22284 will confirm next intraday decisive moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(01-04-2026)

Nifty-Intra Day Chart (30-Mar-2026):-

Technical Patterns formation in today intraday charts

1- 239 Points recovery from intraday lower levels in first 30 minutes.

2- More than 5 hours Downward moves with upward corrections

3- Whole day trading between 22284-22714

Conclusions from intra day chart analysis 

Although firstly some downward moves after 267 points gap down opening and after that Nifty traded 345 points down also in first minute but Nifty recovered 239 points in first 30 minutes from intraday lower levels. As:-

1- More than 5 hours Downward moves were with upward corrections which is an intraday selling pattern

and 

2- Short term indicators have turned Over sold also after last 2 sessions deeper downward moves therefore some upward moves beginning possinility has been developed.

Therefore firstly sustaining beyond last Monday lowest(22284) should be firstly watched tomorrow for next intraday drcisive moves beginning confirmations.

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.