Finally sustaining beyond or powerful break out/down of 23797-24601 will confirm next Bigger Moves beginning

Technical Analysis,Research & Weekly Outlook(May 11 to May 15,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (08-May-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 23796.85 on 30-04-2026.

12- Last 17 sessions trading between 23797-24601

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 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 begun 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 started 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 begun from this level which is also in continuation with its recent bottom formations at 23796.85 on 30-04-2026.

As all the Global Financial markets were reacting according to Middle East war escalation and De-escalation possibility therefore one sided bigger moves were not seen and Nifty traded within 804 points trading range between 23797-24601 in the last 17 sessions and finally sustaining beyond this range will form next trend as well as that side one sided bigger moves will be seen. 

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (08-May-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 Over bought zone.

2- Stochastic:- %K(5)- 73.92 & %D(3)- 70.85.

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

4- MACD(26,12)- 143.32 & EXP(9)- 404.63 & Divergence- -261.31

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

2- As in MACD line has intersected Average line downward and its both lines are falling in positive zone therefore it will be understood that MACD indicator is showing stronger signals of Short Term downward trend formations and more downward moves possibility also.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (08-May-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 24197(Very Short Term Trend decider) 

2- 21-Day SMA is today at 24147(Short Term Trend decider) 

3- 55-Day SMA is today at 24143(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24870

5- 200-Day SMA is today at 25071(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. Nifty is hovering around Very Short to Intermediate Term Trends deciding 5-Day,21-Day and 55-Day SMAs for the last 15 sessions therefore there 3 Trends are now at Stake.

Nifty-Last 17 Sessions intraday

charts analysis

Nifty-Intra Day Chart (Apr 15 to May 08,2026):-

Technical Patterns formation in last 17 Sessions intraday charts

1- Selling(Resistances) in last 17 Sessions are as follows:-

A- 24343-24381 

B- 24387-24453

C- 24533-24579 

2- Consolidation(Supports) in last 17 Sessions are as follows:-

A- 23997-24115 

B- 23883-23965 

C- 23822-23881 

3- Last 17 Sessions trading between 23797-24601 

Conclusions from 17 Sessions

intra day chart analysis 

Nifty is trading between 23797-24601 with above mentioned supports and resistances for the last 17 sessions. As these supports and resistances seems to be almost equally stronger and Nifty has closed almost in the middle of this 17 sessions trading range therefore expected that Nifty will firstly trade and prepare for next bigger moves within this range and finally sustaining beyond this range will confirm it hence should be firstly watched in the coming week for its confirmations.

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 is at stake.

4- Long Term Trend is down.

Waves structure which started 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 begun 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 at 23796.85 on 30-04-2026.

As many 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 and complete uncertainty therefore Nifty has also turned sideways for the last 17 sessions between 23797-24601 and resultant Very Short to Intermediate Term 3 Trends are now at Stake and Short Term indicators are not clearly showing one side decisive moves beginning possibilities because both Stochastic and MACD indicators are showing adverse directions

It is clear that finally sustaining beyond or powerful break out/down of this last 17 sessions trading range(23797-24601) will confirm next Short Term Trend formations and accordingly that side bigger moves beginning therefore it should be firstly watched in the coming week/weeks and most likely that will be according to final decision of Middle East war continuation or termination.

Downward moves expectations

 towards next supports 

Nifty-Intra Day Chart Analysis 

& Market Outlook(08-05-2026)

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

Technical Patterns formation in today intraday charts

1- Selling Patterns formation between 24343-24381

2- 139 points sharp jump in Mid-session

2- Whole day trading between 24284-24482

Conclusions from intra day

chart analysis 

Although 67 points positive opening and and once Nifty traded 151 poinnts up also in Mid-session after 139 points sharp jump but could not sustain at intraday higher levels and Nifty again slipped. As selling Patterns formation were also seen between 24343-24381 therefore downward moves are expected towards following next supports which should be watched one by one for next intraday decisive moves beginning confirmations:-

1- 23998-24115

2- 23883-23965

3- 23797-23854

4- 23604-23740

5- 23154-23555(Gap Supports)

Upward moves expectations

 towards 24500 

Nifty-Intra Day Chart Analysis &

Market Outlook(07-05-2026)

Nifty-Intra Day Chart (06-May-2026):-

Technical Patterns formation in today intraday charts

1- Downward moves in first 2 hours after 138 points positive opening

2- More than 3 hours consolidation between 23998-24115

3- Sharp up

4- Last hour trading between 24288-24356

5- Whole day trading between 23998-24356

Conclusions from intra day chart analysis 

Although downward moves in first 2 hours after 138 points positive opening but after that lower levels more than 3 hours consolidation was seen between 23998-24115 therefore more than 160 points sharp upward moves were seen just before last hour. As last hour trading at intraday higher levels was between 24288-24356 and whole day intraday selling was not seen also therefore more upward moves are expected towards 24500 and firstly sustaining it beyond should be watched tomorrow for next intraday decisive moves beginning confirmations because next resistances are lying within today highest(24356) and 24500 between 24387-24453.

Upward moves towards next resistances

Nifty-Intra Day Chart Analysis

& Market Outlook(06-05-2026)

Nifty-Intra Day Chart (05-May-2026):-

Technical Patterns formation in today intraday charts

1- Volatility in first hour between 23979-24072

2- Downward moves

3- Consolidation between 23883-23965

4- Upward moves

5- Consolidation between 23997-24081

6- Whole day trading between 23883-24081

Conclusions from intra day

chart analysis 

Although firstly volatility in first hour after negative opening and after that downward moves were also seen but lower levels more than 2 hours consolidation between 23883-23965 therefore upward moves developed in Mid-Session. As higher levels follow up consolidation was also seen in the last more than 2 hours therefore upward moves are expected towards following next resistances which should be watched one by one for the next decisive moves beginning confirmations:- 

1- 24190-24219

2- 24266-24328

3- 24387-24453

4- 24533-24579

 Sustaining beyond 24005-24140

 will confirm  for next intraday

 decisive moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(05-05-2026)

Nifty-Intra Day Chart (04-May-2026):-

Technical Patterns formation in today intraday charts

1- Selling between 24203-24290

2- Sharp fall

1- Mixed Patterns formation between 24005-24140

3- Whole day trading between 24005-24290

Conclusions from intra day chart analysis 

Although firstly upward moves after 66 points positive opening but more than 2 hours selling was seen therefore sharp fall developed in Mid-Session. As more than 3 hours trading was with mixed Patterns formation between 24005-24140 therefore sustaining beyond this trading range should be firstly watched tomorrow for next intraday decisive moves beginning confirmations.

Middle East war escalation or

 De-escalation & accordingly

 sustaining beyond 55-Day & 

200-Day SMAs will confirm 

next one sided bigger 

moves beginning

Technical Analysis,Research & 

Weekly Outlook

(May 04 to May 08,2026)

Nifty-EOD Chart Analysis

(Waves structure)

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

Technical Patterns and Formations in EOD charts

1- 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.

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 with new life time top formations at 26373.20 on 05-01-2026.

6- Corrective Wave-ii of Wave-5 continuation with recent bottom formations at 22182.55 on 02-04-2026.

7- Pull Back Rally continuation with recent top formations at 24601.70 on 21-04-2026.

8- Correction continuation with recent bottom formations at 23796.85 on 30-04-2026.

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 begun from 15183.40 on 17-06-2022. Corrective Wave-A of Wave-4 of "ABC correction" started from this level 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" started from this level 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 23796.85 on 30-04-2026.

As all the Global Financial markets and Crude Prices are reacting daily on Trump and Iran Govt Statements as well as according to these statements Middle East war escalation and De-escalation possibilities are changing fast on daily and even hourly basis therefore until Nifty will not sustain above or below any crucial level till then that side next Trend formation will not get confirmations hence firstly sustaining beyond crucial levels should be watched in the coming week/weeks for next Trend formation confirmations.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (30-Apr-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)- 44.37 & %D(3)- 37.37.

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

4- MACD(26,12)- 477.31 & EXP(9)- 638.12 & Divergence- -160.81

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 fresh and more upward moves beginning possibility in the coming week. 

2- As in MACD line has intersected Average line downward and its both lines are falling in positive zone therefore it will be understood that MACD indicator has generated first signal of Short Term downward trend formations and more downward moves possibility also.

Nifty-EOD Chart Analysis

(Averages)

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

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 24032(Very Short Term Trend decider) 

2- 21-Day SMA is today at 23806(Short Term Trend decider) 

3- 55-Day SMA is today at 24293(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24960

5- 200-Day SMA is today at 25098(Long Term Trend decider) 

 

Conclusions from EOD chart

analysis (Averages)

As Nifty is hovering around Very Short to Intermediate Term Trends deciding 5-Day,21-Day and 55-Day SMAs for the last 10 sessions therefore there 3 Trends are now at Stake. Nifty is continuously trading and closing well below Long Term Trend decider 200-Day SMA for the last more than 2 months therefore Long Term Trend is now down. 

Nifty-Intra Day Chart 

Analysis(30-Apr-2026)

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

Technical Patterns formation in today intraday charts

1- 380 Points down in first two hours after 63 points gap down and 180 points weaker opening

2- Consolidation between 23797-23854 

3- Upward moves with downward corrections

4- Volatility in last 2 hours between 23965-24087

5- Whole day trading between 23797-24087

Conclusions from intra day

chart analysis 

Although firstly 380 Points down in first two hours after 63 points gap down and 180 points weaker opening but lower levels almost 2 hours consolidation was also seen therefore upward moves developed from intraday lower levels. As these upward moves were with downward corrections therefore strong recovery was seen in Mid Session from intraday lower levels. 

As more than 100 points volatility developed in last 2 hours between 23965-24087 therefore firstly sustaining beyond this volatility range should be watched in the beginning of coming week because many times technical positions changes also completely during such high intraday volatility.

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 is at stake.

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 started 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. Although Middle East war escalation risk but Pull Back Rally begun from this level which is now in continuation with recent top formations at 24601.70 on 21-04-2026. As now correction continuation with recent bottom formations at 23796.85 on 30-04-2026 and its recent bottom was formed in previous trading session also therefore firstly sustaining beyond following next supports below last Thursday closing(23997.55) should be watched one by one in the coming week for next decisive moves beginning confirmations:-

1- 23797-23854

2- 23604-23740

3- 23154-23555(Gap Supports)

4- 22821-22940

5- 22567-22682

6- 22295-22424

7- 22183-22284

8- 21825-22021

9- 21711-21791

10- 21653-21690

11- 21544-21628

Although Short Term indicator MACD is suggesting downward moves beginning possibility but another Short Term indicator Stochastic is showing signals of fresh upward moves beginning possibility and Nifty closed after 200 points recovery from intraday lower levels after lower levels good intraday consolidation also therefore if no negative news comes from Middle-East war front then fresh upward moves will be seen above last Thursday closing(23997.55) and then following next resistances should be watched one by one for next decisive moves beginning confirmations in the coming week/weeks:-

1- 24190-24219

2- 24266-24328

3- 24387-24453

4- 24533-24579

5- 24596-24700

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

As Intermediate Term Trend is now at Stake and finally sustaining beyond its decider  55-Day SMA will confirm its final formations and:-

1- If Nifty sustains above 55-Day SMA with Middle East war De-escalation strong signals then it will be first signal of next upward Trend formations but until Nifty will not sustain above Long Term Trend deciding 200-Day SMA till then upward Trend formations will not get confirmations because Long Term Trend is now down.

2- If finally Nifty sustains below 55-Day SMA then it will be confirmation of downward Trend formations and emergence of deeper correction begining possibility also because Long Term Trend is already down.

As next one sided bigger moves of Indian Stock Markets will get confirmations according to:-

1- Middle East war escalation or De-escalation  

and also 

2- Through next Trend formations according to sustaining beyond 55-Day & 200-Day SMAs

Therefore sustaining beyond these 2 SMAs should be firstly watched in the coming week/weeks/months for next one sided bigger moves beginning confirmations.

 As not feeling well therefore could not post this week outlooks but most likely will be able to update coming week Outlooks.

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.