Sustaining beyond last 40 sessions lowest(23152) will be confirm deeper correction beginning or upward moves towards last 40 sessions highest

Technical Analysis,Research &Weekly

Outlook(Jun 08 to Jun 12,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (05-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 23151.50 on 03-06-2026.

12- Last 40 sessions trading between 23152-24601 after 701 points gap up opening on 08-04-2026.  

Conclusions from EOD chart

analysis(Waves structure)

Corrective Wave-C of "ABC correction" of previous waves structure completed at 15183.40 on 17-06-2022 and from this level Impulsive Wave-1 of new Waves structure 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 "ABC correction" of Wave-4 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" 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 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 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 23152-24601 for the last 40 sessions because there is complete confusing situation of Middle East war escalation or De-escalation possibilities. As finally next bigger moves beyond last 40 sessions trading range(23152-24601) will be according to final results of Middle East war therefore should be watched in the coming week/weeks/months.

Although Nifty closed within previous 40 sessions trading range(23152-24601) at 23366.70 last Friday but new lowest of this range was formed in previous week at 23151.50 on 03-06-2026 therefore firstly sustaining beyond the lowest of previous 40 sessions trading range should be watched in the coming week because once sustaining below it will mean deeper correction beginning confirmation.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (05-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)- 32.65 & %D(3)- 27.92.

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

4- MACD(26,12)- -130.66 & EXP(9)- -147.17 & Divergence- 16.51

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 signals of fresh upward moves possibility in the coming week.  

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

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (05-Jun-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 23411(Very Short Term Trend decider) 

2- 21-Day SMA is today at 23676(Short Term Trend decider) 

3- 55-Day SMA is today at 23658(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24410

5- 200-Day SMA is today at 24956(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 3 months therefore Long Term Trend is down. Although Nifty had hovered around 29 sessions Very Short to Intermediate Term Trends deciding 5-Day,21-Day and 55-Day SMAs but Nifty has closed below these Very Short to Intermediate Term Trends deciding Averages in the last 6 sessions therefore sustaining beyond these 3 Averages should be watched in the coming week because sustaining below 21-Day and 55-Day SMAs will mean deeper correction beginning confirmations. 

Nifty-Intra Day Chart Analysis

(05-Jun-2026)

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

Technical Patterns formation in today intraday charts

1- Sideways trading before RBI Credit Policy announcements between 23438-23486

2- 179 Points volatility during and immediately after RBI Credit Policy announcements between 23332-23511

3- Sideways trading after RBI Credit Policy announcements between 23399-23451

4- More than last 4 hours trading between 23283-23451 

5- Down moves in Bullish Falling Channel

6- Up moves with downward corrections

7- Whole day trading between 23283-23516

Conclusions from intra day

chart analysis 

Although 99 Points up in first minute after 62 points positive opening but RBI Credit Policy announcements was to be started at 10:AM therefore sideways trading was seen between 23438-23486. As Credit Policy announcements led multiple different positive and negative views therefore 179 points high volatility developed between 23332-23511 during and immediately after RBI Credit Policy announcements.

As again sideways trading after RBI Credit Policy announcements between 23399-23451 and after that in last 3 hours firstly downward moves were in Bullish Falling Channel and from intraday lower levels upward moves were with downward corrections therefore it will be understood that lower levels consolidation patterns developed in last hours. 

Consolidation patterns formations and sideways trading was seen in the last more than 4 hours and 179 Points like high intraday volatility was also seen last Friday and intraday technical positions reverses also during such high volatility as well as whole day last Friday trading was RBI Credit Policy led also therefore confirmation is firstly required through sustaining beyond more than last 4 hours trading range(23283-23451) for next decisive and bigger 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.

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 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 23151.50 on 03-06-2026.

It is clear from the last 40 sessions EOD charts that Nifty traded within 1449 points between 23152-24601 during this period. As new lowest of this range was formed in previous week at 23151.50 on 03-06-2026 and Nifty closed only 214 points above the lowest of last 40 sessions trading range therefore firstly sustaining beyond the lowest of previous 40 sessions trading range should be watched in the coming week because once sustaining below it will mean deeper correction beginning confirmation. 

Although Short Term indicator MACD is not showing signals of any side immediate decisive moves beginning but another indicator Stochastic is indicating fresh upward moves possibility in the coming week. As Long Term Trend is down and all other Trends will turn down if fresh downward moves starts in the beginning of coming week.

As whole day last Friday trading was RBI Credit Policy sentiments led and first signal of next decisive moves beginning will be after sustaining beyond its last 4 hours trading range(23283-23451) therefore it should be firstly watched in the beginning of coming week for next decisive and bigger moves beginning confirmations.

The direct war between the United States and Iran begun on February 28, 2026 and since then not only Inidan but all the Global Financial markets are reacting on its escalation or De-escalation possibilities. As continuous contradictory statements of Donald Trump and 701 points upward gap(23154-23855) formations after his Middle East war ceasefire sudden announcement has also been filled up on 03-06-2026 after on going correction recent bottom formations at 23151.50 therefore firstly following levels should be watched in the coming week for next decisive moves beginning first signal and confirmations because once sustaining below last 40 sessions lowest(23152) will be deeper correction beginning confirmation after last 40 sessions trading range broken down confirmations and new lowest formations of on going correction:-  

1- 23283-23451(Last 4 hours trading range of last Friday for first signal)

2- 23152-24601(Last 40 sessions trading range for confirmations)

Next supports below last Friday lowest are as follows:-

1- 23180-23236

4- 22821-22940

3- 22567-22682

4- 22291-22424

5- 22183-22284

6- 21825-22021

7- 21795-21860

8- 21711-21791

9- 21653-21690

10- 21544-21628

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

1- 23406-23453

2- 23502-23546

3- 23573-23613

4- 23895-23943

5- 23946-23983

6- 24032-24089 

7- 24169-24237

8- 24343-24381 

9- 24387-24453

10- 24533-24579 

Just watch sustaining beyond 23305-23465 for next intraday decisive moves beginning confirmations

Nifty-Intra Day Chart Analysis &

Market Outlook(05-06-2026)

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

Technical Patterns formation in today intraday charts

1- 158 Points down in first minute after 123 points weaker opening and 115 points recovery from lower levels in first 4 minutes from 23248 to 23363.

2- Whole day trading between 23305-23465. 

3- Whole day trading between 23248-23465.

Conclusions from intra day

chart analysis 

Although high volatility in first 4 minutes after 158 Points downward moves in first minute after 123 points weaker opening and after that 115 points recovery from lower levels also in first 4 minutes from 23248 to 23363 but finally one sided moves were not seen and  Whole day trading was between 23305-23465. As both lower levels supports and higher levels selling was seen between 23305-23465 one sided intraday trading patterns formations were not seen therefore sustaining beyond this today most time traded range should be watched tomorrow for next intraday decisive moves beginning confirmations.

Watch today lowest amid firstly downward moves expectations

Nifty-Intra Day Chart Analysis

& Market Outlook(04-06-2026)

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

Technical Patterns formation in today intraday charts

1- 179 Points down in first 2 minutes after 67 points weaker opening.

2- Almost 3 hours downward moves in Bullish Falling Channel.

3- 149 Points sharp up.

4- Up moves in Bearish Rising Channel.

5- Selling between 23395-23459. 

6- Whole day trading between 23152-23459.

Conclusions from intra day

chart analysis 

Although firstly 179 Points down in first 2 minutes after 67 points weaker opening but after that almost 3 hours downward moves were in Bullish Falling Channel which is intraday buying pattern therefore 149 Points sharp upward move was seen in Mid-Session. As higher levels intraday selling was seen through upward moves in Bearish Rising Channel which is intraday selling pattern and after that selling between 23395-23459 therefore:- 

1- Firstly downward moves are expected towards today lowest

and 

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

Sustaining beyond 23230-23556 will confirm next decisive moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(03-06-2026)

Nifty-Intra Day Chart (02-Jun-2026):-

Technical Patterns formation in today intraday charts

 

1- More than 3 hours volatility between 23230-23376 after 128 Points Gap down and 153 Points weaker opening 

2- Sharp up

3- Up moves in Bearish Rising Channel

4- Volatility in last hours between 23230-23376

5- Whole day trading between 23230-23556

Conclusions from intra day chart analysis 

Following lines were told at 12:41 AM on 02-06-2026 in "Sustaining beyond next supports range will confirm next intraday decisive moves beginning":-

Bounce Back and high intraday 

volatility is expected in the

 coming sessions

As was told 100% same happened and:-

1- Sharp upward moves was seen in Mid-Session with 

2- both first 3 hours and last hours volatility.

Although 128 Points Gap down and 153 Points weaker opening but sharp upward move was seen in Mid-Session after more than 3 hours volatility because Very Short term indicators had turned Oversold after last 2 sessions deeper corrections. As upward moves after sharp up were in Bearish Rising Channel and it is intraday selling pattern therefore Nifty could not sustain at higher levels and volatility developed in last hours between 23230-23376.   

As more than 4 hours intraday volatility and higher levels intraday selling patterns formations also therefore expected that Nifty will firstly trade and prepare for next decisive moves within and near about today trading range as well as finally sustaining beyond today trading range will confirm its beginning therefore sustaining beyond today trading range(23230-23556) should be watched in the coming sessions for next decisive moves beginning confirmations.

Sustaining beyond next supports

 range will confirm next intraday

 decisive moves beginning

Nifty-Intra Day Chart Analysis & 

Market Outlook(02-06-2026)

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

Technical Patterns formation in today intraday charts

1- 123 Points fall in first minute from first minute higher levels.

2- Whole day downward moves with upward corrections.

3- Whole day trading between 23358-23733.

Conclusions from intra day

chart analysis 

As firstly 123 Points fall in first minute from first minute higher levels and after that whole day downward moves were with upward corrections which is intraday selling pattern therefore Nifty closed near the lower levels of the day after loosing 0.70% points today. Although such weaker closing and deeper correction has also been seen in last 2 sessions but Bounce Back and high intraday volatility is expected in the coming sessions because:-

1- Very Short term indicators have turned Oversold in last 2 sessions deeper corrections.

2- Today lowest and closing was within next supports(23313-23396). 

Therefore sustaining beyond this next supports range should be firstly watched tomorrow for next intraday decisive moves beginning confirmations.

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