Finally more upward moves towards/above life time top after impulsive Wave-iii of Wave-5 formation confirmations above 24601 & Long Term Trend turning up confirmations also

Technical Analysis, Research 

& Weekly Outlook

(Jul 06 to Jul 10,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (03-Jul-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- Correction continuation with recent bottom formations at 23070.20 on 08-06-2026 and Pull Back Rally beginning from this level.

12- Last 59 sessions trading between 23071-24601 after 701 points gap up opening on 08-04-2026. 

13- Pull Back Rally continuation with recent high formations at 24378.15 on 03-07-2026 after previous 13 sessions trading range(23785-24261) break out.  

 

Conclusions from EOD chart

analysis(Waves structure)

Corrective Wave-C of "ABC correction" of previous waves structure completed at 15183.40 on 17-06-2022 and from this level Impulsive Wave-1 of new Waves structure started. Its Wave-1 completed at 18887.60 on 01-12-2022 and corrective Wave-2 begun from this level which completed at 16828.30 on 20-03-2023 and impulsive Wave-3 started from this level which completed with new life time top formations at 26277.30 on 27-09-2024. 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 which 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 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 started 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 1530 points between 23071-24601 for the last 59 sessions because there was complete confusion regarding Middle East war escalation or De-escalation possibilities.

As US and Iran both have signed MoU To end War therefore on going Pull Back Rally which started from 23070.20 on 08-06-2026 is now forcefully continuation after gaining more than 1300 points gains with its recent high formations at 24378.15 on 03-07-2026 after previous 13 sessions trading range(23785-24261) forceful break out last Friday hence more upward moves are expected in the coming week.  

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (03-Jul-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)- 68.81 & %D(3)- 49.56.

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

4- MACD(26,12)- 288.29 & EXP(9)- 274.64 & Divergence- 13.65

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 and this indicator has not turned Over bought yet therefore it will be understood that this indicator is signaling more upward moves possibility.  

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 this indicator has shown upward Trend formations and showing indications of on going upward moves continuation possibility also.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (03-Jul-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 24053(Very Short Term Trend decider) 

2- 21-Day SMA is today at 23787(Short Term Trend decider) 

3- 55-Day SMA is today at 23870(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24100

5- 200-Day SMA is today at 24868(Long Term Trend decider) 

 

Conclusions from EOD chart

analysis (Averages)

Although Nifty has closed 1200 above from the lowest of on going Pull Back Rally lowest last Friday but Long Term Trend is still down because Nifty is continuously closing well below its decider 200-Day SMA for the last more than 4 months. As Nifty has closed well above Very Short Term, Short Term and Intermediate Term Trends deciding 5-Day, 21-Day and 55-Day SMAs last Friday therefore these 3 Trends are now up.

Nifty-Intra Day Chart Analysis

(03-Jul-2026)

Nifty-Intra Day Chart (03-Jul-2026):-

Technical Patterns formation in today intraday charts

1- Selling between 24339-24378

2- Sharp fall

3- Down moves in Bullish Falling Channel

4- Whole day trading between 24253-24378

Conclusions from intra day

chart analysis 

Although firstly upward moves after 200 points positive opening but higher levels selling was also seen in first 3 hours therefore sharp fall developed in Mid-Session. As lower levels downward moves were seen in Bullish Falling Channel during last 2 hours therefore upward moves are firstly expected towards 24339 in the coming week. Until Nifty will not sustain above last Friday highest till then next decisive upward moves will not be seen because good intraday selling was also seen between 24339-24378 last Friday and this selling was within next resistance range(24343-24381) therefore  this resistance range has turned stronger also despite last Friday closing was 95.15 points up.

Conclusions (After putting

all studies together)

1- Very Short Term Trend is up.

2- Short Term Trend is up.

3- Intermediate Term Trend is up.

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 4 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. 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 also with its recent bottom formations at 23070.20 on 08-06-2026.

Nifty turned sideways and has traded in the last 59 sessions between 23071-24601 because there was complete uncertainty regarding Middle East war escalation or De-escalation possibility. Although Nifty traded last 13 sessions between 23785-24261 but this trading range was forcefully broken out last Friday because both US and Iran have signed MoU to end war hence on going upward moves continuation is expected in the coming week/weeks also and once sustaining above last 59 sessions trading range(23071-24601) highest will mean strong rally beginning towards/above life time top after on going corrective Wave-ii of Wave-5 completion confirmations.

Although  Very Short to Intermediate Term 3 Trends are now up but Long Term Trend is still down which will be up after sustaining above its decider 200-Day SMA which is today at 24868 and once sustaining above last 59 sessions highest(24601) will mean high possibility of Long Term Trend turning up also because it is now only 267 points below Long Term Trend decider 200-Day SMA. 

As both the Short Term indicators Stochastic and MACD are showing upward moves possibility therefore on going Pull Back Rally continuation is expected in the coming week also but fresh consolidation is also required because higher levels good intraday selling was seen between 24339-24378 last Friday and once sustaining above it will mean fresh upward moves beginning firstly towards last 59 sessions highest(24601) and after that Long Term Trend decider 200-Day SMA(24868). Expected that finally more upward moves will be seen firstly above 24601 and secondly above 24868 as well as finally towards/above life time top after impulsive Wave-iii of Wave-5 formation confirmations above 24601.

All the next resistances above previous week closing are as follows:- 

1- 24339-24381 

2- 24387-24453

3- 24533-24579

4- 24596-24700

5- 24830-24963

6- 24990-25141

7- 25272-25350

8- 25493-25572

9- 25588-25652

10- 25718-25754

11- 25775-25820

12- 25842-25881 

13- 25947-25984

14- 26069-26108

15- 26149-26181

16- 26216-26260

17- 26329-26373 

Next supports below previous week closing are as follows:-

1- 24195-24252(Gap Support)

2- 24127=24171

3- 24065-24109

4- 23948-24049 

5- 23971-23997

6- 23787-23881

7- 23646-23785(Gap Support)

More upward moves expectations

 towards next resistances

Nifty-Intra Day Chart Analysis &

Market Outlook(02-07-2026)

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

Technical Patterns formation in today intraday charts

1- Upward moves with downward corrections

2- More than 5 hours trading with consolidation Patterns formations between 23948-24049 

3- Whole day trading between 23896-24049

Conclusions from intra day

chart analysis 

As firstly upward moves with downward corrections after positive opening and after that more than 5 hours trading was with consolidation Patterns formations between 23948-24049 therefore more upward moves are expected towards following next resistances because Nifty closed 140 points up after whole day intraday consolidation patterns formations:-

1- 24164-24261

2- 24343-24381 

Sustaining beyond 23830-24995 will

 confirm next intraday decisive

 moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(01-07-2026)

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

Technical Patterns formation in today intraday charts

1- Loosing all the gains in first 2 minutes after 85 points positive opening.

2- More than 6 hours trading with high volatility between 23830-23995

3- Whole day trading between 23830-24035

Conclusions from intra day

chart analysis 

Although 85 points positive opening but lost all the gains in first 2 minutes and moved into negative zone also in the 4 minutes as well as after that more than 6 hours traded with high volatility between 23830-24995 and closed 80 points down also. As technical positions reverses also during such high today like intraday volatility therefore firstly sustaining beyond this range(23830-24995) should be watched tomorrow for next intraday decisive moves beginning confirmations.

Finally decisive upward moves 

after fresh intraday consolidation

Technical Analysis,Research & Weekly

Outlook(Jun 29 to Jul 03,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (25-Jun-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 23070.20 on 08-06-2026.

9- Last 54 sessions trading between 23071-24601 after 701 points gap up opening on 08-04-2026. 

10- Last 9 sessions trading between 23785-24261.   

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 which 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 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 1530 points between 23071-24601 for the last 54 sessions because there was complete confusion regarding Middle East war escalation or De-escalation possibilities. 

Although US and Iran both have signed  MoU To end War but Nifty is still trading sideways within last 9 sessions trading range(23785-24261) and last 54 sessions trading range(23071-24601). Let Nifty to sustain beyond these 2 trading ranges one by one then that side bigger decisive moves will be seen.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (25-Jun-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)- 41.70 & %D(3)- 44.25.

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

4- MACD(26,12)- 318.82 & EXP(9)- 71.47 & Divergence- 247.35

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 and this indicator has not turned Over sold yet therefore it will be understood that this indicator is showing more downward moves possibility.  

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 this indicator has shown upward Trend formations and more upward moves beginning possibility also.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (25-Jun-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 24004(Very Short Term Trend decider) 

2- 21-Day SMA is today at 23666(Short Term Trend decider) 

3- 55-Day SMA is today at 23843(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24161

5- 200-Day SMA is today at 24886(Long Term Trend decider) 

 

Conclusions from EOD chart

analysis (Averages)

As Nifty has closed above Short and Intermediate Term Trends deciding 21-Day and 55-Day SMAs in the last 9 sessions therefore these 2 Trends are up. Although Nifty has closed above Very Short Term Trend deciding 5-Day SMA lat Thursday but Nifty has hovered it around in the last 5 sessions therefore this Trend is now at stake.  As Nifty is continuously closing well below Long Term Trend decider 200-Day SMA for the last more than 4 months therefore this Trend is still down.

Nifty-Intra Day Chart Analysis

(25-Jun-2026)

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

Technical Patterns formation in today intraday charts

1- More than 4 hours selling between 24164-24261

2- Sharp fall

3- Down moves in Bullish Falling Channel

4- Whole day trading between 24039-24261

Conclusions from intra day

chart analysis 

Although firstly upward moves after 104 points positive opening and Nifty traded 239 points up also but more than 4 hours selling was seen between 24164-24261 in Mid-Session therefore sharp fall developed after 2 PM. As lower levels consolidation through downward moves in Bullish Falling Channel was also seen in last hour therefore firstly upward moves are expected towards last Thursday intraday selling range(24164-24261) and finally sustaining beyond this range should be watched in the beginning of coming week for next decisive moves beginning.

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 up.

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 23070.20 on 08-06-2026 and no confirmation of its completion also on EOD and intraday charts. 

As Middle East war escalation or De-escalation uncertainty therefore Indian Stock markets have turned sideways between 23071-24601 in the last 54 sessions and were preparing for next bigger decisive moves within this range which will be seen through one sided bigger moves beginning after Middle East war final decision. Although US and Iran both have now signed MoU To end War but Nifty is still trading sideways within last 9 sessions trading range(23785-24261) and last 54 sessions trading range(23071-24601). Let Nifty to sustain beyond these 2 trading ranges one by one then that side bigger decisive moves will be seen.

 

Long Term Trend is still down which will be up only after last 54 sessions trading range upward break out because its decider 200-Day SMA is today at 24886 which less than 300 points above last 54 sessions trading range highest. Short and Intermediate Term Trends have turned up after the MoU signing of US and Iran war ending. Although Short Term Indicator Stochastic is showing some more downward moves possibility but another Short Term Indicator MACD is showing upward Trend formations and more upward moves possibility therefore expected that finally decisive upward moves will be seen.

Although good intraday selling last Thursday between 24164-24261 but expected that finally decisive upward moves will be seen above this slling range after fresh intraday consolidation because Short Term Indicator MACD has shown upward Trend formations. next resistances above last week closing are as follows:-'

1- 24164-24261

2- 24343-24381 

3- 24387-24453

4- 24533-24579 

Next supports below last week closing are as follows:-'

1- 23971-23997

2- 23787-23881

3- 23646-23785(Gap Support)

Sustaining beyond today selling 

range will confirm next intraday 

decisive moves beginning after 

firstly upward moves

Nifty-Intra Day Chart Analysis &

Market Outlook(25-06-2026)

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

Technical Patterns formation in today intraday charts

1- Volatility in first hour between 23712-23874

2- Up moves with downward corrections

3- Selling in last 2 hours between 23997-24090

4- Whole day trading between 23790-24090

Conclusions from intra day

chart analysis 

Although all the Global markets crashing sentiments led deeper correction was seen one day before but firstly some upward moves were seen in first minute today and after that volatility developed in first hour between 23712-23874. As up moves started with downward corrections which is a consolidation pattern therefore upward moves remained continued in Mid-Session. Although today closing was with 197.55 points gains but higher levels selling was also seen in last 2 hours between 23997-24090 therefore firstly sustaining beyond this selling range should be watched tomorrow for next intraday decisive moves beginning confirmations amid firstly upward moves expectations because good intraday consolidation was also seen in Mid-Session.

Firstly watch 24074 after Bearish Asian markets led depressed sentiments today morning 

Pre-open Outlook

(23-06-2026)

As all the Asian markets are trading in negative zone and some are more than 1% & 4% down also therefore sentiment has turned depressed today morning hence firstly sustaining beyond 24074 should be watched today for next decisive moves beginning confirmations.

Upward moves expectations

 towards today highest

Nifty-Intra Day Chart Analysis 

& Market Outlook(23-06-2026)

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

Technical Patterns formation in today intraday charts

1- 120 up in first minute after 93 points positive opening

2- Up moves with downward corrections

3- Down moves in Bullish Falling Channel

4- Whole day trading between 24074-24168

Conclusions from intra day

chart analysis 

As firstly 120 up in first minute after 93 points positive opening and after that 2 times up moves were with downward corrections and in last hour Down moves were in Bullish Falling Channel therefore it will be understood that consolidation patterns also developed despite today closing was near the trading lows of the day and:-

1- Upward moves are expected towards today highest.

2- Sustaining beyond today highest should be firstly watched tomorrow for next intraday decisive moves beginning confirmations.

Sustaining above Long Term Trend 

decider 200-Day SMA will confirm 

next bigger moves beginning 

towards/above life time top

Technical Analysis, Research &Weekly 

Outlook(Jun 22 to Jun 25,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (19-Jun-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- Correction continuation with recent bottom formations at 23070.20 on 08-06-2026.

12- Last 50 sessions trading between 23071-24601 after 701 points gap up opening on 08-04-2026. 

13- Last 5 sessions trading between 23818-24189.   

Conclusions from EOD chart

analysis(Waves structure)

Corrective Wave-C of "ABC correction" of previous waves structure completed at 15183.40 on 17-06-2022 and from this level Impulsive Wave-1 of new Waves structure begun. Its Wave-1 completed at 18887.60 on 01-12-2022 and corrective Wave-2 started from this level which completed at 16828.30 on 20-03-2023 and impulsive Wave-3 begun from this level which completed with new life time top formations at 26277.30 on 27-09-2024. 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 1530 points between 23071-24601 for the last 50 sessions because there was complete confusion regarding Middle East war escalation or De-escalation possibilities. 

As US and Iran both agreed to Sign MoU To end War in Geneva on June 19,2026 therefore 338 points gap up opening was seen on 15-06-2026 and after that Nifty traded all the 5 sessions previous week between 23818-24189. MoU has been signed between US and Iran and its reaction on Indian Stock markets will be seen in the coming week/weeks firstly through sustaining beyond last 5 sessions trading range and after that finally sustaining beyond last 50 sessions trading range which will form next Trend and generate next one sided bigger moves.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (19-Jun-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 in Over bought zone.

2- Stochastic:- %K(5)- 82.66 & %D(3)- 91.08.

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

4- MACD(26,12)- 71.10 & EXP(9)- -141.69 & Divergence- 212.79

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 in Over bought zone therefore it will be understood that this indicator has shown first signal of fresh downward moves beginning possibility. Let its both lines to move below Over bought zone then decisive downward moves will be seen.  

2- As in MACD indicator its MACD line has intersected Average line upward and its both lines are rising in positive and negative zone therefore it will be understood that this indicator has shown first signal of upward Trend formations and fresh upward moves beginning also. Let its both lines to move into positive zone then decisive upward moves will be seen.  

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (19-Jun-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 24022(Very Short Term Trend decider) 

2- 21-Day SMA is today at 23634(Short Term Trend decider) 

3- 55-Day SMA is today at 23747(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24210 

5- 200-Day SMA is today at 24897(Long Term Trend decider) 

 

Conclusions from EOD chart

analysis (Averages)

As Nifty traded and closed above Short and Intermediate Term Trends deciding 21-Day and 55-Day SMAs in all the 5 sessions of previous week therefore these 2 Trends are now up. Although Nifty closed  above Very Short Term Trend deciding 5-Day SMA in all the 5 sessions of previous week but Nifty hovered around it last Friday therefore this Trend is now at stake. As Nifty is continuously closing well below Long Term Trend decider 200-Day SMA for the last more than 3 months therefore this Trend is still down.

Nifty-Last 5 Sessions intraday

charts analysis

Nifty-Intra Day Chart (Jun 15 to Jun 19,2026):-

Technical Patterns formation in last 5 Sessions intraday charts

1- Selling(Resistances) in last 5 Sessions are as follows:-

A-  23939-23971

B-  23933-24008

C-  23834-23934

2- Consolidation(Supports) in last 5 Sessions are as follows:-

A- 23889-23954 

3- Mixed Patterns formation in last 5 Sessions are as follows:-

A- 24006-24138.

4- 146 Points volatility in last hour on 19-06-2026 between 23901-24047 

5- Last 5 Sessions trading between 23818-24189 

Conclusions from 5 Sessions intra

day chart analysis 

As the world had seen a historic step towards peace after the darkness of war, the sun of peace has risen because US and Iran agreed to Sign MoU To end War in Geneva on June 19,2026 therefore sentiment boosted and in reaction all the Global Stock markets jumped and resultant 338 points gap up(23646-23984) opening was seen on 15-06-2026 and after that all the 5 sessions previous week trading was seen between 23818-24189 with above mentioned intraday trading patterns formations. Whole previous week trading was under the confusion of uncertainty regarding MoU signing because attacking news from both sides were also coming therefore:- 

1- Whole week previous week trading was within 371 points between 23818-24189.   

2- Previous week "Doji Candle weekly Candle" was formed with almost same upper and lower shadows. 

3- All types of intraday patterns(Consolidation, Selling, Mixed and volatility) were seen in previous week.

It is clear from previous week intraday trading patterns that one sided intraday trading patterns were not formed and Nifty traded within 371 points as well as "Doji Candle weekly Candle" was formed therefore it will be understood that at present Nifty is not prepared for any side decisive moves beginning hence Nifty will firstly trade and prepare for it in the coming week between 23818-24189. Let Nifty to prepare and accordingly sustain beyond this last 5 sessions trading range then that side next decisive moves will be seen.

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 up.

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 4 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. Pull Back Rally started from this level which completed at 24601.70 on 21-04-2026 and correction begun from this level which is now in continuation also with its recent bottom formations at 23070.20 on 08-06-2026.

Nifty turned sideways and traded in the last 50 sessions between 23071-24601 because there was complete uncertainity regarding Middle East war escalation or De-escalation possibility. Nifty traded all the 5 sessions of previous week between 23818-24189 because this news came on 15-06-2026 that US and Iran both have agreed to Sign MoU To end War in Geneva on June 19,2026. As MoU has been signed between US and Iran therefore firstly sustaining beyond last 5 sessions trading range and after that finally sustaining beyond last 50 sessions trading range should be watched in the coming week/weeks for next one sided bigger moves beginning in the reaction of this news.

Both the Short Term Indicators are not showing immediate direction but suggesting next one sided moves beginning also according to next immediate Short Term trend formations therefore let break out/down of both sideways trading range happen then that side these Short Term Indicators will confirm next direction.

Although Short and Intermediate Term Trends have turned up in previous week in the expectations of Middle East war end but Long Term Trend is still down which will be up only after last 50 sessions trading range upward break out. As US and Iran both have agreed to Sign MoU To end War therefore if Nifty sustains above Long Term Trend decider 200-Day SMA (today at 24897) then one sided bigger upward moves will be seen towards/above life time top after on going correction completion and all the Trends turning up confirmations.

Supports and Resistances within last 5 Sessions trading range has been updated above and next Supports and Resistances beyond this range have already been updated in previous week Weekly Outlook therefore not being posted in this week Weekly Outlook.

Finally sustaining beyond 24006-24138 will confirm next intraday decisive moves beginning 

Nifty-Intra Day Chart Analysis &

Market Outlook(19-06-2026)

Nifty-Intra Day Chart (18-Jun-2026):-

Technical Patterns formation in today intraday charts

1- More than 5 hours trading with Mixed Patterns formation between 24037-24138.

2- Sharp up in last half hour.

3- Whole day trading between 24037-24189.

Conclusions from intra day chart analysis 

As almost 6 hours sideways trading was seen between 24006-24108 yesterday and once again Nifty traded more than 5 hours within and little above this yesterday trading range with Mixed Patterns formation between 24037-24138 therefore it will be understood that more than 11 hours trading developed in last 2 sessions without one sided intraday patterns formations between 24006-24138.

Although sharp upward move was seen in last half hour but only consolidation patterns formations were not seen and intrday selling patterns were also seen in last 2 sessions therefore finally sustaining beyond this last 11 hours trading range(24006-24138) should be watched tomorrow for next intraday decisive moves beginning confirmations.

 Sustaining beyond 24006-24108 will confirm next intraday decisive moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(18-06-2026)

Nifty-Intra Day Chart (17-Jun-2026):-

Technical Patterns formation in today intraday charts

1- Volatility in first 19 minutes between 23969-24044

2- Almost 6 hours sideways trading between 24006-24108

3- Whole day trading between 23969-24108

Conclusions from intra day

chart analysis 

Although 55 points positive opening but immediately downward moves and after that sharp upward moves were also seen therefore it will be understood that firstly 75 points volatility developed in first 19 minutes between 23969-24044.    

 

Following conclusive lines were told at 01:56 AM on 17-06-2026 in "Just watch sustaining beyond next resistance range amid upward moves expectations":-

1- upward moves are expected towards next resistance range(24032-24089) 

and 

2- firstly sustaining beyond this resistance range should be watched tomorrow for next intraday decisive moves beginning confirmations.

As was told 100% same happened and:- 

1- Nifty closed 96.55 points up today.

2- Nifty closed also within yesterday mentioned resistance range(24032-24089) at 24085.70 today.

3- Nifty traded almost 6 hours within and near about yesteday mentioned resistance range(24032-24089) between 24006-24108 today.

As whole day one sided intraday trading patterns formations were not seen today therefore firstly sustaining beyond almost 6 hours sideways trading range(24006-24108) should be watched tomorrow for next intraday decisive moves beginning confirmations.

Just watch sustaining beyond next resistance range amid upward moves expectations

Nifty-Intra Day Chart Analysis &

Market Outlook(17-06-2026)

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

Technical Patterns formation in today intraday charts

1- Consolidation between 23889-23954

2- Up moves with downward corrections

3- Whole day trading between 23889-24002

Conclusions from intra day chart analysis 

As good intraday selling was seen below 24008 yesterday therefore whole day today trading was seen below it and also Nifty closed below it at 23989.15 today after whole day trading within yesterday trading range(23818-24011). Firstly consolidation was seen between 23889-23954 and after that Upward moves were with downward corrections which is a consolidation pattern therefore upward moves are expected towards next resistance range(24032-24089) and firstly sustaining beyond this resistance range should be watched tomorrow for next intraday decisive moves beginning confirmations.

Remain watchful after higher levels

good intraday selling today

Nifty-Intra Day Chart Analysis &

Market Outlook(16-06-2026)

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

Technical Patterns formation in today intraday charts

1- Selling between 23933-24008

2- Downward moves

3- Selling between 23834-23934

4- Sharp downward moves

5- Whole day trading between 23818-24011

Conclusions from intra day

chart analysis 

As the world had seen a historic step towards peace after the darkness of war, the sun of peace has risen because US and Iran agreed to Sign MoU To end War in Geneva on June 19,2026 therefore sentiment boosted and in reaction all the Global Stock markets jumped and resultant 338 points gap up opening was seen. Although some upwards moves were also seen after such strong opening but sentiment turned heated therefore selling developed at intraday higher levels. As some follow up selling was also seen after some downward moves therefore sharp downward moves were seen in last hour also. 

Although 0.98% positive closing but higher levels good intraday selling was seen today therefore Nifty closed near the lower levels of the day. As US and Iran peace agreement news therefore some more upward moves can not be ruled out but until Nifty will not be able to firstly sustain above the top of following 2 resistances(23983) and after that above the top of following 3rd resistance range(24089) after complete consolidation till then next decisive upward moves will not be seen because:- 

1- Nifty traded within and near about these 2 resistances and closed below it at 23,853.90 after higher levels good intraday selling today.

2- Nifty could not test 3rd resistance range which is just above today highest(24,011.40).

Next 3 resistances are as follows:-

1- 23895-23943

2- 23946-23983

3- 24032-24089 

Remain watchful also because once sustaining below today lowest(23818) after fresh selling will mean sharp downward moves beginning because higher levels good intraday selling today and complete consolidation is firstly required for sustaining above today highest(24011).

Firstly upward moves & finally sustaining beyond last 45 trading range will form next Trend as well as generate next one sided bigger moves

Technical Analysis,Research 

& Weekly Outlook

(Jun 15 to Jun 19,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (12-Jun-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.

6- Impulsive Wave-i of Wave-5 completion with new life time top formations at 26373.20 on 05-01-2026.

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

8- Pull Back Rally completion at 24601.70 on 21-04-2026.

9- Correction continuation with recent bottom formations at 23070.20 on 08-06-2026.

10- Last 45 sessions trading between 23071-24601 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 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 which 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 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 started 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 1530 points between 23071-24601 for the last 45 sessions because there is complete confusing situation of Middle East war escalation or De-escalation possibilities. As finally next bigger moves beyond this last 45 sessions trading range(23071-24601) will be according to final results of Middle East war therefore should be watched in the coming week/weeks/months for its beginning confirmations.  

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (12-Jun-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)- 49.68 & %D(3)- 35.82.

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

4- MACD(26,12)- -206.81 & EXP(9)- -182.04 & Divergence- -24.77

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 indicating more upward moves possibility in the coming week.  

2- As in MACD indicator its both MACD line and Average line are kissing in negative zone therefore it will be understood that at present this indicator is not showing signals of any side one sided immediate decisive moves beginning possibility. Let its MACD line to intersect its Average line upward or downward side clearly then that side one sided decisive moves will be seen.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (12-Jun-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 23273(Very Short Term Trend decider) 

2- 21-Day SMA is today at 23545(Short Term Trend decider) 

3- 55-Day SMA is today at 23648(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24282 

5- 200-Day SMA is today at 24920(Long Term Trend decider) 

 

Conclusions from EOD chart

analysis (Averages)

Although Nifty closed above Very Short Term and Short Term Trends deciding 5-Day and 55-Day SMAs last Friday but could not test Intermediate Term Trend deciding 55-Day SMA as well as Nifty is hovering around these 3 Averages for the last 34 sessions therefore these 3 Trends are still at stake. As Nifty is continuously closing well below Long Term Trend decider 200-Day SMA for the last more than 3 months therefore Long Term Trend is down.

Nifty-Intra Day Chart Analysis

(12-Jun-2026)

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

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel

2- More than 3 hours consolidation between 23314-23386

3- Sharp up 

4- Up moves with downward corrections

5- Whole day trading between 23314-23645

Conclusions from intra day

chart analysis 

Although firstly 98 points downward moves after 250 points positive opening but:-

1- lower levels more than 3 hours consolidation between 23314-23386 

2- therefore sharp upward moves were seen 

3- and after that upward moves were seen with downward corrections which is a consolidation pattern 

4- therefore Nifty closed near the higher levels of the day with 1.99% gains. 

As only intraday consolidation patterns were seen and intraday selling patterns were not seen last Friday therefore more upward moves are expected in the 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 23070.20 on 08-06-2026 and no confirmation of its completion also on EOD and intraday charts. 

As Middle East war escalation or De-escalation uncertainty therefore Indian Stock markets have turned sideways between 23071-24601 for the last 45 sessions and are preparing for next bigger decisive moves within this range which will be seen through one sided bigger moves beginning after Middle East war final decision.

Long Term Trend is now down and Short to Intermediate Term Trends are now at Stake because Nifty is not moving one sided and trading within 1530 points between 23071-24601 for the last 45 sessions and Short Term indicator MACD is also not showing signals of any side bigger decisive moves beginning possibility at this moment. As another Short Term indicator Stochastic is showing signals of more upward moves possibility and last Friday intraday charts patterns are also suggesting fresh upwards moves possibility therefore firstly upward moves will be seen towards following next resistances in the beginning of coming week and finally sustaining beyond last 45 trading range will form next Trend as well as generate next one sided bigger moves also:-

1- 23895-23943

2- 23946-23983

3- 24032-24089 

4- 24169-24237

5- 24343-24381 

6- 24387-24453

7- 24533-24579 

Next supports below last Friday closing and above last 45 sessions lowest(23071) are as follows:-

1- 23314-23386

2- 23202-23248

3- 23095-23122

Next supports below last 45 sessions lowest(23071) are as follows:-

1- 22821-22940

2- 22567-22682

3- 22291-22424

4- 22183-22284

5- 21825-22021

6- 21795-21860

7- 21711-21791

8- 21653-21690

9- 21544-21628

Watch 23073-23327 amid multiple contradictory news of Middle East war and its escalation or De-escalation possibilities

Nifty-Intra Day Chart Analysis &

Market Outlook(12-06-2026)

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

Technical Patterns formation in today intraday charts

1- Upward moves with downward corrections

2- Downward moves with upward corrections

3- Sharp fall

4- Whole day trading between 23073-23327

Conclusions from intra day

chart analysis 

Although firstly downward moves after 110 points weaker opening and Nifty traded 136 points down in also but after that Upward moves begun with downward corrections which is a consolidation pattern therefore Nifty traded 112 points plus also in Mid-Session. As fresh selling developed at higher levels therefore Nifty could not sustain and after that Downward moves started with upward corrections which is a selling pattern therefore sharp fall was seen in last hour and Nofty closed 53 points down also.   

As both intraday consolidation and selling patterns formations between 23073-23327 therefore firstly sustaining beyond this range should be watched tomorrow for next intraday decisive moves beginning confirmations amid multiple contradictory news of Middle East war in the last 24 hours and its escalation or De-escalation possibilities.