Just Watch next resistances
amid upward moves expectations
Technical Analysis,Research & Weekly
Outlook(Jan 12 to Jan 16,2026)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (09-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 25623.00 on 09-01-2026.
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 begun. Its Wave-1 completed at 18887.60 on 01-12-2022 and corrective Wave-2 started from this level which completed at 16828.30 on 20-03-2023 and impulsive Wave-3 begun 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 started from this level.
Corrective Wave-A of Wave-4 completed at 23263.20 on 21-11-2024 and Wave-B of Wave-4 begun from this levels which completed at 24857.80 on 05-12-2024. From this level corrective Wave-C of Wave-4 started which completed at 21743.70 on 07-04-2025 and impulsive Wave-5 begun 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 started which completed at 24337.70 on 08-08-2025. From this level impulsive Wave-iii of Wave-5 begun 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. As correction started from life time top in previous week and forceful downward moves were also seen in whole previous week therefore this on going correction completion is firstly required for any upward moves beginning confirmation.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (09-Jan-2026):-
Technical Patterns and Formations in EOD charts
1- Corrective Wave-ii of Wave-5 completion at 24337.70 on 08-08-2025.
2- Impulsive Wave-iii of Wave-5 continuation with recent high and new life time top formations at 26373.20 on 05-01-2026.
3- Correction continuation with recent bottom formations at 25623.00 on 09-01-2026.
4- Stochastic- %K(5) line has intersected %D(3) line downward and its both lines are falling towards and within Over sold zone.
5- Stochastic:- %K(5)- 11.82 & %D(3)- 29.52.
6- In MACD- Its both MACD line and Average line are kissing in positive zone.
7- MACD(26,12)- 68.95 & EXP(9)- 65.64 & Divergence- 3.31
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 and within Over sold zone and this indicator has not turned completely Over sold yet therefore it will be understood that some more downward moves may be seen in the beginning of coming week. Let its both lines to begin upward moves after %K(5) line intersection of %D(3) line that decisive upward moves will be seen.
2- As in MACD indicator its both MACD line and Average line are kissing in positive zone therefore it will be understood that at present this indicator is not confirming any side immediate decisive moves beginning possibility. Let its both lines to move any side after MACD line upward or downward intersection of Average line then that side decisive moves will be seen after that side next Short Term Trend formation confirmations.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (09-Jan-2026):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 26026(Very Short Term Trend decider)
2- 21-Day SMA is today at 26028(Short Term Trend decider)
3- 55-Day SMA is today at 25960(Intermediate Term Trend decider)
4- 100-Day SMA is today at 25541
5- 200-Day SMA is today at 25052(Long Term Trend decider)
Conclusions from EOD chart
analysis (Averages)
Although all the Trends were up in previous week but sharp fall developed in previous week and Nifty has moved below Intermediate Term Trend decider 55-Day SMA also therefore now Very Short Term to Intermediate Term Trends are at stake. As Nifty is well above Long Term Trend decider 200-Day SMA therefore now it is up.
Nifty-Intra Day Chart
Analysis(09-Jan-2026)
Nifty-Intra Day Chart (09-Jan-2026):-
Technical Patterns formation in today intraday charts
1- Sharp fall from intraday higher levels in first half hour.
2- Downward moves with upward corrections in Mid-Session.
3- Consolidation between 25623-25714 in almost last 3 hours(Immediate supports)
4- Whole day trading between 25623-25940.
Conclusions from intra day
chart analysis
Although firstly more than 100 points upward moves after weaker opening and Nifty traded 63 points up also in first 5 minutes but immediately sharp fall was seen and Nifty moves down 115 points also from intraday higher levels in first half hour. As downward moves with upward corrections were seen in Mid-Session and it is intraday selling pattern therefore almost 1% correction was seen last Friday.
As almost 3 hours consolidation also developed between 25623-25714 and now it is immediate supports on Nifty therefore firstly upward moves are expected towards last Friday highest(25940) in the beginning of next week and until Nifty will not sustain below last Friday lowest(25623) after complete selling pattern formations till then decisive downward moves will not be seen.
Conclusions
(After putting all studies together)
1- Very Short Term Trend is at stake.
2- Short Term Trend is at stake.
3- Intermediate Term Trend at stake.
4- Long Term Trend is Up.
New Waves structure which begun 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 confirmation of its completion yet on EOD charts. Although firstly new life time top formations in previous week but sentiment turned heated and one day Global markets were also too much weak as well as uncertaininty due to Quarterly results declaration beginning in the coming week therefore fresh selling developed and downward moves were seen in all the 5 sessions of previous week and Nifty closed at the lowest of previous week.
Previous week correction was so much strong that Nifty slipped below the lowest of previous 42 sessions in only 5 sessions of previous week and 65 points gap of 12-11-2025 was also filled up last Friday. Although all the Trends were up one week before but after previous week correction Very Short Term to Intermediate Term Trends are now at stake and Short Term indicator Stochastic indicator is almost Over sold. Although another Short Term indicator MACD is not showing any side Short Term Trend now but its both lines are in positive zone and if its MACD line intersects upward its Average line then decisive upward moves will be seen in the coming week and following next resistances should be watched one by one for next upward moves beginning confirmations because:-
1- Nifty consolidated and got good supports between 25623-25714 on 09-01-2026.
2- In Stochastic indicator both the lines are almost in Oversold zone and once %K(5) line upward intersection of %D(3) line then decisive upward moves will be seen.
As upward moves are expected in the coming week therefore following next resistances should be watched one by one for next upward moves beginning confirmations:-
1- 25789-25820
2- 25883-25942
3- 26069-26108
4- 26149-26181
5- 26216-26260
6- 26329-26373
Next supports are as follows:-
1- 25623-25714
2- 25450-25531
3- 25319-25391
4- 25193-25315
5- 25032-25136





























