Last 35 sessions trading range valid break out with Middle East war final decision will generate next bigger moves

Technical Analysis,Research & Weekly

Outlook(Jun 01 to Jun 05,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (29-May-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 completion at 24601.70 on 21-04-2026.

8- Correction continuation with recent bottom formations at 23262.50 on 13-05-2026.

9- Last 35 sessions trading beween 23263-24601 after 701 points gap up opening on 08-04-2026.  

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 which 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 in continuation after its recent lowest formations at 22182.55 on 02-04-2026 and no confirmation of its completion yet on EOD charts. 

Pull Back Rally begun from the bottom of corrective Wave-ii of Wave-5 and 3 sessions after its beginning 701 points gap up opening was seen on 08-04-2026 because US President Donald Trump suddenly announced ceasefire of Middle East war. Since then Nifty is trading within 596 points between 23263-24601 for the last 35 sessions because there is complete confusing situation of Middle East war escalation or De-escalation possibilities. As finally next bigger moves beyond last 35 sessions trading range(23263-24601) will be according to final results of Middle East war therefore should be watched in the coming week/weeks/months.  

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (29-May-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 Over bought zone.

2- Stochastic:- %K(5)- 49.32 & %D(3)- 69.69.

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

4- MACD(26,12)- -121.66 & EXP(9)- -249.17 & Divergence- -249.17.

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 from Over bought zone therefore it will be understood that this indicator is showing indications of more downward moves possibility in the coming week.  

2- As in MACD indicator its MACD line has intersected Average line downward and its both lines are moving flat in negative zone therefore it will be understood that MACD indicator has confirmed Short Term downward trend formations but now its both lines are moving flat therefore Nifty may remain sideways also and finally next Short term decisive moves beginning will be seen according to its both lines moving direction. As now downward intersection is in negative zone therefore if its both lines will start downward moves then deeper correction will be seen. 

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (29-May-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 23824(Very Short Term Trend decider) 

2- 21-Day SMA is today at 23848(Short Term Trend decider) 

3- 55-Day SMA is today at 23716(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24550

5- 200-Day SMA is today at 24985(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 more than 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 29 sessions therefore there 3 Trends are now at Stake. 

Nifty-Intra Day Chart Analysis

(29-May-2026)

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

Technical Patterns formation in today intraday charts

1- Downward moves with upward corrections

2- 267 Points sharp fall within 10 minutes in last half hour

3- Whole day trading between 23485-24002

Conclusions from intra day

chart analysis 

Although firstly upward moves after flat opening but after that more than 5 hours downward moves begun with upward corrections which is an intraday selling pattern therefore 267 Points sharp fall was seen within 10 minutes in last half hour and Nifty closed near the lower levels of the day. As last Friday lowest was within next supports range(23427-23524) at 23484.75 and closing was above this supports range at 23547.75 therefore firstly sustaining beyond this supports range should be watched in the beginning of coming week and next decisive moves beginning 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.

That 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 its 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 completed at 24601.70 on 21-04-2026. Although correction begun from this level which is now in continuation also with its recent bottom formations at 23262.50 on 13-05-2026 but that last 35 sessions trading beween 23263-24601 which begun after 701 points gap up opening on 08-04-2026 when US President Donald Trump suddenly announced ceasefire of Middle East war. As Nifty is moving up and down within this range according to Middle East war escalation or De-escalation possibilities and finally valid break out/down of this range will be according to Middle East war final decision therefore it should be watched in the coming week/weeks/months for one sided next bigger moves beginning and that side next Trend formations also. 

As Nifty is trading within 1338 points beween 23263-24601 for the last 35 sessions therefore Very Short to Intermediate Term Trends are now at Stake and Long Term Trend is down for the last almost 3 months. Although Short Term indicator MACD is not showing immediate one side direction but another indicator Stochastic is signaling more downward moves possibility and last Friday closing was near the lower levels of the day after higher levels intraday selling therefore firstly following supports should be watched one by one for the next decisive moves beginning confirmations:-

1- 23427-23524          

2- 23313-23396

3- 23154-23261(Gap Supports)

4- 22821-22940

5- 22567-22682

Selling(Resistances) within last 35 trading range are as follows:-

1- 23895-23943

2- 23946-23983

3- 24032-24089 

4- 24169-24237

5- 24343-24381 

6- 24387-24453

7- 24533-24579 

Sustaining beyond 23859-23983 will confirm next intraday decisive moves beginning

Nifty-Intra Day Chart Analysis & Market

Outlook(29-05-2026)

Nifty-Intra Day Chart (27-May-2026):-

Technical Patterns formation in today intraday charts

1- Volatility in first hour between 23870-23950

2- Selling between 23946-23983

3- Downward moves with upward corrections

4- Volatility in last hours between 23861-23925

5- Whole day trading between 23859-23983

Conclusions from intra day

chart analysis 

Although higher levels intraday selling and after that Downward moves were with upward corrections which is also an intraday selling pattern but volatility was seen in first hour and last hours and intraday technical positions reverses also during such volatility therefore sustaining beyond last Wednesday trading range(23859-23983) should be firstly watched in the coming session for next intraday decisive moves beginning confirmations.

Downward moves expectations

 towards next supports

Nifty-Intra Day Chart Analysis &

Market Outlook(27-05-2026)

Nifty-Intra Day Chart (26-May-2026):-

Technical Patterns formation in today intraday charts

1- Selling between 24032-24089 

2- Down moves with upward corrections

3- Whole day trading between 23886-24089

Conclusions from intra day chart analysis 

Although firstly upward moves and Nifty traded 58 points up also but selling started because USA launched new strikes on Iran and after that down moves begun with upward corrections and Nifty closed near the lower levels of the day after loosing 118 points. As whole day only intraday selling patterns were seen therefore downward moves are expected towards next supports(13711-23784) and firstly sustaining it beyond should be watched in the coming sessions for next decisive moves beginning confirmations.

Indian markets moved down after U.S. Strikes on Iranian Targets

Mid-session Outlook(26-05-2026)

As following news flow therefore remain cautious because there is complete uncertainty regarding Middle-East war.

Just click following links and go through full news:-

1- U.S. Strikes Iranian Targets in Fresh Bout of Fighting

26 May 2026 at 4:28 am New York Time

News Link:-

https://www.wsj.com/livecoverage/iran-strikes-latest-updates

2- U.S. conducts "self-defense" strikes, CENTCOM says, insists ceasefire still in place amid negotiations

Updated on: May 26, 2026 / 4:35 AM EDT / CBS News

News Link:-

https://www.cbsnews.com/live-updates/iran-us-war-trump-deal-obstacles-remain/

3- US launches new strikes on Iran, targeting missile sites and boats

3 hours ago

News Link:-

https://www.bbc.com/news/articles/cvgzzn4y1n8o

Upward moves expectations

towards next resistances

Nifty-Intra Day Chart Analysis &

Market Outlook(26-05-2026)

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

Technical Patterns formation in today intraday charts

1- More than 4 hours consolidation between 23923-23989

2- Upward moves in the last 2 hours  

3- Whole day trading between 23923-24054

Conclusions from intra day chart analysis 

As Major Progress was being seen in US-Iran Peace Talks therefore all the Asian maerkets were trading in Green zone hence sentiment turned Bullish and resultant 104 points gap up and 220 points positive opening was seen and:-

1- after that more than 4 hours consolidation between 23923-23989 

2- upward moves in the last 2 hours 

3- closing near the higher levels of the day.

Only intraday consolidation patterns formations and intraday selling patterns were not seen therefore upward moves are expected towards next resistances(24343-24381) and firstly sustaining it beyond should be watched in the coming sessions for next decisive moves beginning confirmations.

 Middle-East war final decision & accordingly last 27 sessions trading range valid break out will generate next bigger moves

Technical Analysis,Research & Weekly Outlook(May 25 to May 29,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (22-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 completion at 24601.70 on 21-04-2026.

11- Last 9 sessions trading beween 23263-23859 after 18 previous Sessions trading range(23797-24601) broken down on 12-05-2026.

12- Correction continuation with recent bottom formations at 23262.50 on 13-05-2026.

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 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 and no confirmation of its completion yet on EOD charts. Pull Back Rally begun from this level which completed at 24601.70 on 21-04-2026 and correction started from this level which is now in continuation with its recent bottom formations at 23262.50 on 13-05-2026.

As last 9 sessions trading is being seen beween 23263-23859 after 18 previous Sessions trading range(23797-24601) broken down on 12-05-2026 therefore it will be understood that Nifty is trading for the last 27 sessions within 1338 points between 23263-24601 because there is complete confusing situation of Middle East war escalation or De-escalation. 

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (22-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)- 67.26 & %D(3)- 65.04.

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

4- MACD(26,12)- -350.51 & EXP(9)- -221.78 & Divergence- -128.73

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 showing indications of more upward moves possibility in the coming week.  

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

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (22-May-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 23660(Very Short Term Trend decider) 

2- 21-Day SMA is today at 23884(Short Term Trend decider) 

3- 55-Day SMA is today at 23787(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24637

5- 200-Day SMA is today at 25002(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 25 sessions therefore there 3 Trends are now at Stake. Nifty is continuously closing well below Long Term Trend decider 200-Day SMA for the last more than 2 months therefore Long Term Trend is down. 

Nifty-Intra Day Chart Analysis

(22-May-2026)

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

Technical Patterns formation in today intraday charts

1- Upward moves with volatility

2- Downward moves with Upward corrections

3- Whole day trading between 23671-23835

Conclusions from intra day

chart analysis 

Although 180 points up in first 4 hours after 16 points positive opening but these upward moves were with volatility and some selling was also seen at higher levels therefore Downward moves developed in last 2 hours. As these last 2 hours Downward moves were with Upward corrections therefore more downward moves are expected 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 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 started from this level which completed at 24601.70 on 21-04-2026 and from this level correction begun which is now in continuation with its recent bottom formations at 23262.50 on 13-05-2026 and no confirmation of its completion also on EOD and intraday charts. 

Long Term Trend is down Very but Short to Intermediate Term Trends are now at Stake because Nifty is not moving one sided and trading for the within 1338 points between 23263-24601. In the same manner Short Term indicators are also not showing one side direction because Stochastic indicator is showing indications of more upward moves possibility while another indicator MACD is showing more downward moves possibility also. In fact Indian markets are waiting for final decision of Middle-East war situation and then according to its final decision next one sided bigger moves will be seen beyond last 27 sessions trading range(23263-24601) after that side next Trend formations.     

As finally valid break out of last 27 sessions trading range(23263-24601) will confirm next bigger moves beginning according to that side next Trend formations therefore should be watched in the coming week/weeks/months because that will be according to Middle-East war final decision.  

Upward moves expectations after US Senate that development which decreased Middle East war escalation chances

Nifty-Intra Day Chart Analysis &

Market Outlook(21-05-2026)

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

Technical Patterns formation in today intraday charts

1- Upward moves with downward corrections

2- Whole day trading between 23398-23690

Conclusions from intra day chart analysis 

As all around this news was floating today morning that US may attack Iran any time therefore Nifty traded 220 points down in first minute after 160 points weaker opening. Although such weaker opening but this news would have been in the knowledge of well informed sources that US Senate will advance resolution to curb Trump’s power to wage war on Iran therefore upward moves started with downward corrections and these upward moves remained continued till last minutes after the news of US Senate passing measures for limiting Trump's war powers in Iran. 

It seems that Middle East war escalation chances has decreased after this US Senate development today therefore upward moves are expected towards following next resistances in the coming session:- 

1- 23771-23839

2- 23924-23997

Watch next supports & resistances also amid Middle-East war and Indian economy uncertain news flow

Technical Analysis,Research & Weekly Outlook(May 18 to May 22,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (15-May-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 completion at 24601.70 on 21-04-2026.

8- 18 Sessions trading range(23797-24601) broken down on 12-05-2026

9- Correction continuation with recent bottom formations at 23262.50 on 13-05-2026.

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 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 in continuation after its recent lowest 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 completed at 24601.70 on 21-04-2026 and correction started from this level which is now in continuation with its recent bottom formations at 23262.50 on 13-05-2026. Previous 18 Sessions trading was seen between 23797-24601 and this trading range was broken down in previous week on 12-05-2026 as well as previous week closing at 23643.50 was also below last 18 sessions trading range therefore firstly sustaining beyond last 18 sessions trading range lowest(23797) should be watched in the coming week because once this range broken down confirmation will mean deeper correction beginning.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (15-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 from Over sold zone.

2- Stochastic:- %K(5)- 35.74 & %D(3)- 20.32.

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

4- MACD(26,12)- -184.81 & EXP(9)- 53.03 & Divergence- -237.84.

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 showing indications of upward moves possibility in the coming week.  

2- As in MACD indicator its MACD line has intersected Average line downward and its both lines are falling in positive and negative 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 (15-May-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 23588(Very Short Term Trend decider) 

2- 21-Day SMA is today at 24054(Short Term Trend decider) 

3- 55-Day SMA is today at 23957(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24753

5- 200-Day SMA is today at 25033(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 more than 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 20 sessions therefore there 3 Trends are now at Stake.

Nifty-Intra Day Chart Analysis

(15-May-2026)

Nifty-Intra Day Chart (15-May-2026):-

Technical Patterns formation in today intraday charts

1- 149 Points upward moves after 41 points positive opening

2- Selling between 23771-23839

3- Down moves with upward corrections

4- Whole day trading between 23611-23839

Conclusions from intra day

chart analysis 

Although firstly 149 points upward moves after 41 points positive opening but higher levels selling was seen in Mid Session therefore downward moves were seen in last 2 hours and Nifty closed near the lower levels of the day. As these downward moves were upward corrections and it is intraday selling pattern therefore more downward moves are expected 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 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 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. Pull Back Rally started from this level which completed at 24601.70 on 21-04-2026 and from this level correction begun which is now in continuation with its recent bottom formations at 23262.50 on 13-05-2026 and no indication of its completion also on EOD and intraday charts. 

Although Short Term indicator Stochastic is showing signals of upward moves possibility but another indicator MACD is indicating Short Term downward trend formations and showing more downward moves signals and last Friday intraday charts are also indicating for more downward moves possibility in the beginning of coming week therefore firstly sustaining beyond following next supports below last Friday closing should be watched in the coming coming week/weeks:-  

1- 23427-23524

2- 23313-23396

3- 23154-23261(Gap Supports)

4- 22821-22940

5- 22567-22682

Next resistances above last Friday closing are as follows which should be watched one by one during any bounce back or any Short Term upward moves in the coming week/weeks:-

1- 23771-23839

2- 23924-23997

3- 24343-24381 

4- 24387-24453

5- 24533-24579

As Middle-East war and Indian economy uncertain news flow therefore due to any sudden development high volatility can not be ruled out in the coming week hence above mentioned next supports & resistances should also be watched for next decisive moves beginning confirmations.

 On going Pull Back rally continuation towards next resistances

Nifty-Intra Day Chart Analysis &

Market Outlook(15-05-2026)

Nifty-Intra Day Chart (14-May-2026):-

Technical Patterns formation in today intraday charts

1- 104 Points downward moves after 117 points positive opening

2- Consolidation between 23427-23524

3- Up moves with downward corrections

4- Whole day trading between 23427-23777

Conclusions from intra day chart analysis 

Although firstly 104 Points downward moves after 117 points positive opening but lower levels consolidation was seen between 23427-23524 therefore sharp upward moves developed in Mid Session. As more than 3 hours upward moves were with downward corrections therefore on going Pull Back rally continuation is expected towards those resistances which have already been posted in previous Outlook. Sustaining beyond those resistances should be firstly watch tomorrow for next intraday decisive moves beginning confirmations.

Upward moves towards 

next resistances

Nifty-Intra Day Chart Analysis &

 Market Outlook(14-05-2026)

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

Technical Patterns formation in today intraday charts

1- Whole day intraday Volatility 

2- Whole day trading between 23263-23582

Conclusions from intra day chart analysis 

Although firstly more than 100 points downward moves after 17 points weaker opening but could not sustain at lower levels and recovered 320 points from lower levels in Mid-Session. As Nifty could not sustain at higher levels also and slipped 180 points from intraday higher levels in the last hours and Nifty closed 33 points up.  

 

As Very Short Term indicators are in Over sold zone therefore firstly upward moves are expected towards following resistance and finally sustaining beyond there resistances should be watched in the coming sessions

1- 23469-23565

2-23652-23721

3- 23924-23997

4- 24343-24381 

5- 24387-24453

6- 24533-24579

Volatile market is expected

Nifty-Intra Day Chart Analysis &

Market Outlook(13-05-2026)

Nifty-Intra Day Chart (12-May-2026):-

Technical Patterns formation in today intraday charts

1- 186 points down in first 15 minutes after 93 points weaker opening.

2- Down moves with upward corrections

3- Whole day trading between 23349-23757

Conclusions from intra day

chart analysis 

As our PM Modiji urges people 2 times in last 2 days to save fuel & reduce use of foreign products in bid to save forex amid West Asia crisis therefore nervousness spread all around and resultant firstly 186 points downward moves were seen in first 15 minutes after 93 points weaker opening and after that whole day downward moves developed with upward corrections. Although Nifty closed 1.83% down and near the lower levels of the day and more downward moves also can not be ruled out but Very Short Term indicators have turned Over sold therefore a bounce back may also be seen any time and tomorrrow market may be Volatile also.

Downward moves towards next supports

Nifty-Intra Day Chart Analysis

& Market Outlook(12-05-2026)

Nifty-Intra Day Chart (11-May-2026):-

Technical Patterns formation in today intraday charts

1- Volatility in first 2 hours after 206 points weaker opening

2- Selling between 23924-23997

3- Sharp fall in last hour

4- Whole day trading between 23800-23997

Conclusions from intra day chart analysis 

Although firstly volatility in first 2 hours after 206 points weaker opening and after that upward moves were also seen but more then 3 hours selling was seen in Mid session therefore sharp fall developed in last hour. As only intraday selling pattrens formations and therefore more downward moves are expected towards following next supports which should be watched one by one for next decisive moves beginning confirmations:- 

1- 23604-23740

2- 23154-23555(Gap Supports)

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.