Finally sustaining beyond Long
Term Trend decider 200-Day
SMA(today at 25349) will
confirm next one sided
Long Term bigger moves
Technical Analysis,Research & Weekly Outlook(Mar 02 to Mar 06,2026)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (27-Feb-2026):-
Technical Patterns and Formations in EOD charts
1- Impulsive Wave-3 completion with new life time top formations at 26277.30 on 27-09-2024 and Corrective Wave-A of Wave-4 of "ABC" correction beginning.
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 at 25669.30 on 30-06-2025.
6- Corrective Wave-ii of Wave-5 completion at 24337.70 on 08-08-2025.
7- Impulsive Wave-iii of Wave-5 continuation with recent high and new life time top formations at 26373.20 on 05-01-2026.
8- Correction completion at 24571.8 on 01-02-2026.
9- 1252.8 Points jump to 26341.2 on 03-02-2026 after Trump announcement of reducing Indian tariffs from 50% to 18%.
10- Last 20 Sessions trading between 25373-26009
11- Correction continuation with recent bottom formations at 25141.30 on 27-02-2026.
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 at 25669.30 on 30-06-2025 and from this levels corrective Wave-ii of Wave-5 begun which completed at 24337.70 on 08-08-2025. From this level impulsive Wave-iii of Wave-5 started which is now in continuation with its recent high and new life time top formations at 26373.20 on 05-01-2026 and no confirmation of its completion yet on EOD charts.
As forceful correction begun from life time top therefore Nifty slipped 1801 points in only 19 sessions till the day of Union Budget 2026-27 day(01-02-2026). In the same manner 1252.8 Points powerful jump was also seen with intraday highest formations at 26341.2 on 03-02-2026 after Trump announcement of reducing Indian tariffs from 50% to 18%. Although such forceful upward moves on this Bullish news but Nifty could not sustain and Nifty slipped 555 points also in first minute and after that Nifty traded also between 25373-26009 in the previous 20 sessions but this range was so much forcefully broken down last Friday(27-02-2026) that:-
1- last Friday bottom formations was at 25141.30 and
2- Nifty closed also 194.35 points below this range at 25178.65 same day(27-02-2026).
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (27-Feb-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)- 23.92 & %D(3)- 29.57.
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)- -18.50 & EXP(9)- 144.83 & Divergence- -163.33
Conclusions from EOD chart analysis
(Stochastic & MACD)
Technical positions of Short Term indicators are as follows:-
1- As in Stochastic indicator its %K(5) line has intersected %D(3) line downward and its both lines are falling towards Over sold zone therefore it will be understood that this indicator is suggesting more downward moves possibility in the coming week.
2- As in MACD indicator its MACD line has intersected Average line downward and its both lines are falling in positive and negative zone therefore it will be understood that MACD indicator is signalling Short Term downward trend formations and more downward moves possibility also.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (27-Feb-2026):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 25459(Very Short Term Trend decider)
2- 21-Day SMA is today at 25587(Short Term Trend decider)
3- 55-Day SMA is today at 25716(Intermediate Term Trend decider)
4- 100-Day SMA is today at 25750
5- 200-Day SMA is today at 25349(Long Term Trend decider)
Conclusions from EOD chart
analysis (Averages)
Although Nifty was hovering around Very Short Term to Intermediate Term Trends deciding Averages 5-Day to 55-Day 3 SMAs for the last 16 sessions therefore these 3 Trends were at stake but Nifty closed well below these 3 trends deciding Averages last Friday therefore now these 3 Averages have turned down. As Nifty has closed only one day below Long Term Trend deciding 200-Day SMA last Friday therefore this Trend is now at stake.
Nifty-Intra Day Chart Analysis
(27-Feb-2026)
Nifty-Intra Day Chart (27-Feb-2026):-
Technical Patterns formation in today intraday charts
1- 102 Points down in first minute after negative opening
2- Down moves with upward corrections
3- More than 5 hours selling between 25272-25350(immediate Resistances)
4- 166 Points sharp fall after 3.00 PM
5- Whole day trading between 25142-25476
Conclusions from intra day chart analysis
As Dow Jones Futures was trading more than 300 points down last Friday morning therefore firstly Nifty slipped 102 Points in first minute after negative opening last Friday. After such sharp fall firstly downward moves were seen with upward corrections and after that more than 5 hours trading was with intraday selling patterns formations therefore again 166 Points sharp fall developed after 3.00 PM.
It is very much clear from last Friday intraday charts analysis that good intraday selling was seen above 25272 and more downward moves can not be ruled out in the coming week. As Very Short Term indicators have turned Over sold after last week downward moves therefore a relief rally/some upward moves may also be seen but until complete consolidation will not develop till then Nifty will not be able to sustain above 25272.
Conclusions (After putting
all studies together)
1- Very Short Term Trend is down.
2- Short Term Trend is is down.
3- Intermediate Term Trend is down.
4- Long Term Trend is at stake.
Impulsive Wave-iii of Wave-5 of that Waves structure is now in continuation with its recent high and new life time top formations at 26373.20 on 05-01-2026 of which Wave-1 started more than 3 years before from 15183.40 on 17-06-2022. That Short Term Correction which begun from life time top was completed on Budget 2026-27 day(01-02-2026) after its bottom formations at 24571.8 on 01-02-2026.. Although Nifty jumped 1252.8 Points on 03-02-2026 after Trump announcement of reducing Indian tariffs from 50% to 18% but Nifty could not sustain and correction started which is now continuation with its recent bottom formations at 25141.30 on 27-02-2026 and no indication of its completion yet on EOD and intraday charts.
As Short Term indicators are signalling of on going Short Term correction continuation possibility and Very Short Term to Intermediate Term Trends have also tured down as well as last Friday intraday charts patterns formations are showing only intraday selling patterns formations therefore on going Short term Correction may remain continued in the coming week.
Long Term Trend is now at stake and firstly sustaining beyond its decider 200-Day SMA(today at 25349) should be watched in the coming week/weeks for its upward/downward formation confirmations because due to following reasons some upward moves may be seen in the beginning of coming week:-
1- India’s real GDP grew at a robust 7.8% in the October–December quarter of 2025-26, compared to 7.4% in the corresponding period a year earlier. As this positive news data was released after the closure of last Friday market therefore Indian Stock markets will firstly react through upward moves in the beginning of next week.
2- Very Short Term indicators have turned Over sold after last week downward moves therefore a relief rally/some upward moves possibility can not be ruled out.
As last 20 Sessions trading range(25373-26009) has been forcefully broken down last Friday after more than 5 hours selling was below this range between 25272-25350 and Long Term Trend decider 200-Day SMA(today at 25349) is also lying within this range therefore finally sustaining beyond this range(25272-25350) will confirm the fate of Long Term Trend and next one sided bigger moves beginning acoording to its sustaining beyond upper side or lower side. Next resistances and supports beyond last Friday closing(25178.65) are as follows which should be watched one by one in the coming week/weeks according to Nifty sustaining it beyond.
All the resistances above last Friday closing(25178.65) are as follows:-
1- 25272-25350
2- 25493-25572
3- 25588-25652
4- 25718-25754
5- 25775-25820
6- 25842-25881
7- 25947-25984
8- 26069-26108
9- 26149-26181
10- 26216-26260
11- 26329-26373
Next supports below last Friday closing(25178.65) are as follows:-
1- 25109-25141(Gap supports)
2- 24680-24924
3- 24619-24975
























