Correction continuation & finally Levels will confirm Life and Length of on going correction

Technical Analysis, Research & Weekly

Outlook(Oct 12 to Oct 16,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (09-Oct-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-5 completion with new life time top formations at 26373.20 on 05-01-2026.

9- Wave-A of Wave-5 completion at 22182.55 on 02-04-2026.

10- Wave-B of Wave-5 completion at 24774.30 on 03-08-2026.

11- Wave-C of Wave-5 continuation with recent bottom formations at 22179.90 on 08-10-2026.  

Conclusions from EOD chart

analysis(Waves structure)

Impulsive Wave-1 of that Waves structure completed at 18887.60 on 01-12-2022 which begun from 15183.40 on 17-06-2022 after corrective Wave-C of "ABC correction" of previous waves structure completion at this level. Corrective Wave-2 started from 18887.60 which completed at 16828.30 on 20-03-2023 and impulsive Wave-3 begun from this level which completed after 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 Wave-4 started from this level which completed at 21743.70 on 07-04-2025 and impulsive Wave-5 begun from this level.

Impulsive Wave-5 completed after its new life time top formations at 26373.20 on 05-01-2026 and from this levels corrective Wave-A of "ABC correction" started which completed at 22182.55 on 02-04-2026 and Wave-B begun which completed at 24774.30 on 03-08-2026. That Wave-C correction which started from this level is now in continuation with its recent bottom formations at 22179.90 on 08-10-2026 and no confirmation of its completion also on EOD Charts. 

As Nifty has slipped below the previous bottom(22182.55) of on going correction on 08-10-2026 therefore Wave-C formation of on going correction has been confirmed. Now firstly slipping beyond the bottom of Wave-4(21743.70) should be watched because once slippeg below it will mean "ABC" correction confirmation of on going that whole Waves Structure which started from 15183.40 on 17-06-2022 and completed at 26373.20 on 05-01-2026.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (09-Oct-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 Middle zone.

2- Stochastic:- %K(5)- 43.66 & %D(3)- 55.33.

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

4- MACD(26,12)- -510.68 & EXP(9)- -432.64 & Divergence- -78.04.

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 Middle zone therefore it will be understood that this indicator is showing signals 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 falling in negative zone therefore it will be understood that this indicator is confirming Short Term downward Trend formations and more  downward moves possibility also.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (09-Oct-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 22536(Very Short Term Trend decider) 

2- 21-Day SMA is today at 22998(Short Term Trend decider) 

3- 55-Day SMA is today at 23742(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 23790

5- 200-Day SMA is today at 24260(Long Term Trend decider) 

 

Conclusions from EOD chart

analysis (Averages)

Although Nifty is hovering around Very Short Term Trend deciding 5-Day SMA for the last 5 sessions therefore Very Short Term Trend is now at stake but Nifty is continuously closing below Short, Intermediate and Long term Trends deciding 21-Day,55-Day and 200-Day SMAs in the last 30 sessions therefore these 3 Trends are now down.  

Nifty-EOD Chart Analysis

(Fibonacci retracement levels)

Nifty-EOD Chart (09-Oct-2026):-

Technical Patterns and Formations in EOD charts

1- Impulsive Wave-1 of new Waves structure started from 15183.40 on 17-06-2022 

2- Impulsive Wave-5 of on going Waves structure completed at 26373.20 on 05-01-2026 and "ABC" correction begun from this level.

3- Fibonacci Retracement levels of on going "ABC" correction from Wave-5 to Wave-1(26373.20-15183.40) is as follows:-

13.0%- 24,918  

23.6%- 23,732  

27.0%- 23,352  

38.2%- 22,098(Crucial Retracement Level)

50.0%- 20,778(Crucial Retracement Level)

61.8%- 19,457(Crucial Retracement Level)

70.7%- 18,462  

76.4%- 17,824  

78.6%- 17,578  

88.6%- 16,459  

Conclusions from EOD chart

analysis(Fibonacci retracement levels)

"ABC" correction continuation and once slippeg below 22182.55 will mean correction continuation confirmation according to above mentioned "Retracement Levels" of on going that whole Waves Structure which started from 15183.40 on 17-06-2022 and completed at 26373.20 on 05-01-2026. It means that sustaining beyond above mentioned "Retracement Levels" should be watched one by one for next decisive moves beginning confirmations after slipping below 22182.55.

Conclusions (After putting

all studies together)

1- Very Short Term Trend is at stake.

2- Short Term Trend is Down. 

3- Intermediate Term Trend is Down. 

4- Long Term Trend is Down.

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 of which Impulsive Wave-5 completed after new life time top formations at 26373.20 on 05-01-2026 and "ABC correction" begun from this level. Now its corrective Wave-C continuation with recent bottom formations at 22179.90 on 08-10-2026 and no confirmation of its completion yet on EOD charts.

All the Trends except Very Short Term Trend are down and now both Short Term indicators Stochastic and MACD are showing signals of more downward moves possibility as well as new lowest of on going correction was formed only 2 sessions before at 22179.90 on 08-10-2026 therefore at present no indication of on going "ABC" correction completion and finally sustaining beyond following levels should be watched for the life and length of on going correction:-

1- Corrective Wave-4 bottom 21743.70

2- Above mentioned retracement levels.

Next Supports below last Friday closing are as follows:-

 

1- 22430-22504

2- 22218-22363

3- 22183-22284

4- 21825-22021

5- 21795-21860

6- 21711-21791

7- 21653-21690

8- 21544-21628

Next Resistances above last Friday closing are as follows:- 

1- 22583-22635 

2  22660-22717

3- 22772-22809

4- 22810-22885 

5- 23931-23965

6- 23979-24005

7- 24049-24098

8- 24102-24141

On going correction continuation 

amid only some upward  moves 

possibility

Nifty-Intra Day Chart Analysis &

Market Outlook(09-10-2026)

Nifty-Intra Day Chart (08-Oct-2026):-

Technical Patterns formation in today intraday charts

1- 77 Points down in first minute

2- Down moves with upward corrections

3- Whole day actual trading between 22180-22599

Conclusions from intra day chart analysis 

All the Global markets were in crashing mode in following manner today morning:-

1- Dow Jones closed -341.41 Points & 0.66% Down yesterday.

2- Dow Jones Futures was trading -413.10 Points & 0..81% Down today morning.

Asian markets were trading in following manner down today:-

1- Nikkei 225(Japan) was trading -791.71 Points & 1.13% Down today morning.

2- Hang Seng(Hong Kong) was trading -344.71 Points & 1.43% Down today morning.

3- SET(Thailand) was trading -177.97 Points & 2.62% Down today morning.

4- KOSPI(Korea) was trading -15.47 Points & 0.98% Down today morning.

European markets were trading in following manner down today:-

1- Dax(Germany) was trading -199.97 Points & 0.80% Down today morning.

2- FTSE 100(England) was trading -45.14 Points & 0.43% Down today morning.

3- CAC 40(France) was trading -66.91 Points & 0.86% Down today morning.

As all the Global markets were in above menner crashing mode today morning therefore Nifty traded 77 points down in first minute after negative opening and after that whole day Downward moves remained with upward corrections which is intraday selling pattern hence Nifty closed 1.64% down near the lower levels of the day.

Although on going correction is expected but Very Short indicators have turned oversold after today deeper correction therefore some upward  moves can not be ruled out. It should be kept in mind that until Nifty will not sustain above immediate resistance(22583-22635) after complete consolidation till then any decisive upward move/Pull Back Rally will not be seen and on going correction will remain continued. 

 Sustaining beyond 22547-22717 

will confirm next intraday 

decisive moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(08-10-2026)

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

Technical Patterns formation in today intraday charts

1- 170 Points down in first minute after 85 points weaker opening

2- Consolidation in first hour between 22583-22635

3- Sharp up

4- Selling between 22660-22717

5- Sharp down

6- Consolidation between 22547-22600

7- Sharp up

8- Down moves in Bullish Falling Channel

9- Whole day actual trading between 22547-22717

Conclusions from intra day chart analysis 

Although firstly 170 Points down in first minute after 85 points weaker opening but lower levels consolidation developed therefore sharp upward moves were seen from lower levels. As higher levels selling was seen in Mid-Session therefore sharp downward moves were akso seen in Mid-Session. Although new intraday lowest formations but again lower levels consolidation developed therefore again sharp upward moves were seen and in the last hour some Down moves in Bullish Falling Channel which ia a consolidation pattern. 

It is clear from today intraday patterns formations that whole day both intraday consolidation patterns developed today therefore firstly sustaining today trading range(22547-22717) should be watched tomorrow for next intraday decisive moves beginning confirmations.

More upward moves expectations

Nifty-Intra Day Chart Analysis & Market

Outlook(06-10-2026)

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

Technical Patterns formation in today intraday charts

1- Volatility between 22513-22621

2- Consolidation between 22398-22500

3- Sharp up

4- Consolidation between 22519-22573

5- Whole day actual trading between 22398-22621

Conclusions from intra day

chart analysis 

Although firstly Nitfy traded 200 points up after 110 points positive opening but volatility was seen between 22513-22621 and NIfty moved also in negative zone also in Mid-session. As more than 2 hours lower levels consolidation developed therefore after that sharp upward moves were seen as well as follow up consolidation in last 2 hours also hence more upward moves are expected tomorrow. 

Once sustaining above today highest(22621) will mean strong rally towards next resistances(22772-22809) and then sustaining beyond this resistances range should be watched in the coming sessions for next decisive moves beginning confirmations. 

Firstly upward moves expectations 

& finally watch sustaining beyond 

next resistances 

Technical Analysis, Research & Weekly 

Outlook(Oct 05 to Oct 09,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (01-Oct-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 after its top formations at 24774.30 on 03-08-2026.

11- Correction continuation with recent bottom formations at 22217.30 on 01-10-2026.

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 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 which completed after its top formations at 24774.30 on 03-08-2026. That correction which started from 24774.30 is now in continuation with its recent bottom formations at 22217.30 on 01-10-2026 and no confirmation of its completion also on EOD Charts.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (01-Oct-2026):-

Technical Patterns and Formations in EOD charts

1- Stochastic- Its both lines %K(5) and %D(3) are kissing in Over sold zone.

2- Stochastic:- %K(5)- 15.04 & %D(3)- 12.82.

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

4- MACD(26,12)- -407.70 & EXP(9)- -408.70 & Divergence- 01.00

Conclusions from EOD chart

analysis (Stochastic & MACD)

Technical positions of Short Term indicators are as follows:-

1- As in Stochastic indicator its both lines %K(5) and %D(3) are kissing in Over sold zone therefore it will be understood that this indicator is not showing clear signals of any side immediate decisive moves beginning. Let its %K(5) line to intersect its %D(3) line upward and iys both lines to move above Over Sold zone then Short Term decisive upward moves will be seen 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 possibility. 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 (01-Oct-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 22728(Very Short Term Trend decider) 

2- 21-Day SMA is today at 23295(Short Term Trend decider) 

3- 55-Day SMA is today at 23894(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 23859

5- 200-Day SMA is today at 24343(Long Term Trend decider) 

 

Conclusions from EOD chart

analysis (Averages)

As Nifty hss continuously closed below 5-Day SMA for the last 6 sessions therefore Very Short Term Trend in down now. Nifty is continuously closing below Short, Intermediate and Long term Trends deciding 21-Day,55-Day and 200-Day SMAs in the last 21 sessions therefore these 3 Trends are clearly down.

Nifty-Intra Day Chart Analysis(01-Oct-2026)

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

Technical Patterns formation in today intraday charts

1- Almost 3 hours selling between 22531-22609

2- Sharp fall

3- More than 2 hours consolidation between 22218-22363

4- Whole day actual trading between 22218-22610

Conclusions from intra day

chart analysis 

Although some upward moves after 76 points weaker opening but almost 3 hours higher levels selling was seen therefore sharp downward moves developed in Mid-Session. As lower levels more than 2 hours consolidation was also seen therefore more than 200 points recovery was seen from intraday lower levels in last hour and firstly more upward moves are expected towards last Thursday highest(22610) in the beginning of coming week.   

It is clear from last Thursday intraday patterns formations that both consolidation and selling patterns developed that day therefore whole day trading will be understood with mixed Patterns formation between 22218-22610 and finally sustaining beyond this range should be watched in the coming week for next decisive moves beginning confirmations.

Conclusions (After putting

all studies together)

1- Very Short Term Trend is Down.

2- Short Term Trend is Down. 

3- Intermediate Term Trend is Down. 

4- Long Term Trend is Down.

Impulsive Wave-i of Wave-5 of that waves structure completed after new life time top formations at 26373.20 on 05-01-2026 of which impulsive Wave-1 begun more than 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 24774.30 on 03-08-2026 and correction started from this level which is now in continuation also with its recent bottom formations at 22217.30 on 01-10-2026 and no confirmation of its completion yet on EOD Charts.

As 2557 points sharp correction in the last 2 months therefore all the Trends are now down. Although both Short Term indicators Stochastic and MACD are not showing any side decisive moves beginning clear signals but last Thursday inraday charts are indicating firstly upward moves possibility towards last Thursday highest(22610) in the beginning of coming week. As Mixed Patterns formation between 22218-22610 last Thursday therefore finally sustaining beyond last Thursday trading range will generate first strong signal of next decisive moves beginning hence it should be watched in the coming week for next decisive moves beginning confirmations. 

As Short Term indicator Stochastic is in Over Sold zone and last Thursday intraday charts are suggesting firstly upward moves possibility also in the beginning of coming week therefore if Nifty sustains above last Thursday highest(22610) then a relief Rally will be seen in the coming week. In that situation following next resistances should be one by one watched for next decisive moves beginning confirmations:-

1- 22531-22609

2- 22772-22809

3- 22810-22885 

4- 23931-23965

5- 23979-24005

6- 24049-24098

7- 24102-24141

As Correction is very much on and no confirmation of its completion yet therefore following next supports below last Thursday closing(22422) should be watched if fresh selling develop in the coming week:-

1- 22218-22363

2- 22183-22284

3- 21825-22021

4- 21795-21860

5- 21711-21791

6- 21653-21690

7- 21544-21628

Sustaining beyond support range

 (22567-22682) will confirm next

 intraday decisive moves beginning

Nifty-Intra Day Chart Analysis & 

Market Outlook(01-10-2026)

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

Technical Patterns formation in today intraday charts

1- Volatility in first 2 hours between 22672-22766

2- Up moves with downward corrections

3- Selling in Mid-Session between 22772-22809

4- Sharp falls

5- Support in last hour between 22596-22659

6- Whole day actual trading between 22596-22809

Conclusions from intra day

chart analysis 

Following lines were told at 06:07 PM on 29-09-2026 in "Upward moves expectations towards next resistances":-

firstly upward moves are expected 

towards next resistances 

(22810-22885)

As was told 100% same happened and:-

1- Nifty traded 93.15 points up today.

2- Today highest at 22809.35 was 

just below yesterday posted next 

resistances (22810-22885) 

Although firstly volatility in first 2 hours and after that upward moves with downward corrections also but higher levels selling developed in Mid-Session therefore sharp fall was seen in last 2 hours. 

Next supports between 22567-22682 was posted on 28-09-2026 in "Downward moves expectations towards next supports" and:- 

1- Today closing(22,620.45) as well as lowest(22,595.20) both are within this range 

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

3- because Nifty got supports also in last hour today within this Support range between 22596-22659.

Upward moves expectations towards

next resistances

Nifty-Intra Day Chart Analysis & Market

Outlook(30-09-2026)

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

Technical Patterns formation in today intraday charts

1- 210 Points down in first 25 minutes after negative opening

2- Consolidation in first 2 hours between 22570-22622

3- Volatility in Mid-Session between 22604-22748

4- Consolidation in last 3 hours between 22632-22704

5- Whole day actual trading between 22570-22753

Conclusions from intra day

chart analysis 

Although firstly 210 Points down in first 25 minutes after negative opening but after that lower levels consolidation was seen in first 2 hours. As follow up consolidation in the last 3 hours also therefore firstly upward moves are expected towards next resistances (22810-22885) and  finally sustaining it beyond should be watched tomorrow for next intraday decisive moves beginning confirmations.

Downward moves expectations 

towards next supports

Nifty-Intra Day Chart Analysis & 

Market Outlook(29-09-2026)

Nifty-Intra Day Chart (28-Sep-2026):-

Technical Patterns formation in today intraday charts

1- 274 Points down in first half hour. 

2- More than 4 hours selling between 22810-22885. 

3- Whole day actual trading between 22763-23080

Conclusions from intra day

chart analysis 

As following negative developemnts in weekend and today morning therefore sharp downward moves were seen after negative opening today morning:-

1- Dow Jones Futures was trading more than 200 points down.

2- Escalation US-Iran Conflict & Strait of Hormuz Crisis.

3- Surging Crude Oil Prices above $100 per barrel.

4- Multi-Year Highs in US Bond Yields.

5- Weakening Indian Rupee. 

As above Bearish news flow therefore firstly Nifty traded 274 Points down in first half hour and after that more than 4 hours selling was seen between 22810-22885 hence more downward moves are expected towards next supports( 22567-22682).  Finally sustaining beyond next supports should be watched for next intraday decisive moves beginning confirmations.

Firstly Upward moves and finally 

sustaining beyond 23071 will 

confirm next one sided 

bigger moves beginning

Technical Analysis, Research & Weekly 

Outlook(Sep 28 to Oct 01,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (25-Sep-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 after its top formations at 24774.30 on 03-08-2026.

8- Correction continuation with recent bottom formations at 23020.95 on 25-09-2026.

9- Previous 116 sessions trading range(23071-24774) broken down on 24-09-2026 but Nifty closed above 23071 at 23140.50 on 25-09-2026 and now last 118 sessions trading range is 23021-24774. 

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 which completed after its top formations at 24774.30 on 03-08-2026. That correction which started from 24774.30 is now in continuation with its recent bottom formations at 23020.95 on 25-09-2026 and no confirmation of its completion also on EOD Charts.

Nifty traded in the previous 116 sessions between 23071-24774 and this range was broken down on 24-09-2026. As Nifty closed above 23071 at 23140.50 on 25-09-2026 therefore:- 

1- Firstly sustaining below the lowest of previous 116 sessions range(23071-24774) should be watched in the coming week/weeks for valid break down confirmation of the previous 116 trading range

2- Now last 118 sessions trading will be understood between 23021-24774 because till now Nifty has not sustained below the lowest of previous 116 sessions trading range.  

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (25-Sep-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)- 38.26 & %D(3)- 51.90.

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

4- MACD(26,12)- -402.49 & EXP(9)- -423.62 & Divergence- 21.13.

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 sold zone therefore it will be understood that this indicator is showing signals of downward 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 (25-Sep-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 23272(Very Short Term Trend decider) 

2- 21-Day SMA is today at 23560(Short Term Trend decider) 

3- 55-Day SMA is today at 24002(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 23911 

5- 200-Day SMA is today at 24412(Long Term Trend decider) 

 

Conclusions from EOD chart

analysis (Averages)

As Nifty is continuously closing below Short, Intermediate and Long term Trends deciding 21-Day,55-Day and 200-Day SMAs in the last 17 sessions therefore these 3 Trends are now down. Although Nifty was hovering around Very Short Term Trend deciding 5-Day SMA and Very Short Term Trend was at stake also but Nifty has opened and closed below 5-Day SMA in the last 2 sessions therefore now Very Short Term Trend has also turned down.

Nifty-Intra Day Chart

Analysis(25-Sep-2026)

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

Technical Patterns formation in today intraday charts

1- More than 4 hours consolidation between 23024-23104 

2- Sharp up

3- Consolidation in last hours between 23106-23137

4- Whole day actual trading between 23021-23162

Conclusions from intra day

chart analysis 

As previous 116 sessions trading range(23071-24774) was broken down on 24-09-2026 and Nifty closed below it also at 23046.70 that day therefore sentiment was dampened last Friday morning hence Nifty opened in Red. Although such Bearish mood last Friday morning but firstly more than 4 hours consolidation was seen between 23024-23104 therefore sharp upward move developed in Mid-Session. As follow up consolidation was seen in last hours also between 23106-23137 therefore firstly upward moves are expected in the beginning of coming week.

Conclusions (After putting

all studies together)

1- Very Short Term Trend is Down.

2- Short Term Trend is Down. 

3- Intermediate Term Trend is Down. 

4- Long Term Trend is Down.

Waves structure which started more than 4 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 Pull Back Rally begun from this level which completed at 24774.30 on 03-08-2026 and correction started from this level which is now in continuation also with its recent bottom formations at 23020.95 on 25-09-2026 and no confirmation of its completion yet on EOD Charts.

As almost 2 months sharp correction therefore all the trends are now down. Although at present Short Term indicator MACD is not showing any side decisive moves beginning signal but another Short Term indicator Stochastic is suggesting some downward moves possibility therefore it will be understood that at present indicators are not concluding any side decisive moves beginning possibility. 

Although  previous 116 sessions trading range(23071-24774) was broken down on 24-09-2026 and new lowest of on going correction was formed at 23020.95 on 25-09-2026 also but whole day good intraday consolidation developed last Friday therefore Nifty closed near the intraday higher levels of the day at 23140.50 on 25-09-2026. As 23140.50 is within previous 116 sessions trading range therefore firstly sustaining beyond previous 116 sessions trading lowest(23071) should be watched in the coming week/weeks because that will confirm next one sided bigger moves beginning.  

Next 11 Resistances above last Friday closing are as follows:-

1- 23202-23266

2- 23282-23349(Gap resistance)

3- 23423-23469

4- 23537-23571

5- 23572-23623(Gap resistance)

6- 23649-23706

7- 23753-23782

8- 23931-23965

9- 23979-24005

10- 24049-24098

11- 24102-24141

Next 11 Supports below last Friday closing are as follows:-

1- 23024-23104 

2-  23106-23137

3- 22821-22940

4- 22567-22682

5- 22291-22424

6- 22183-22284

7- 21825-22021

8- 21795-21860

9- 21711-21791

10- 21653-21690

11- 21544-21628

Sustaining beyond 23286-23489 will

 confirm next bigger moves 

after downward moves

Nifty-Intra Day Chart Analysis &

Market Outlook(24-09-2026)

Nifty-Intra Day Chart (23-Sep-2026):-

Technical Patterns formation in today intraday charts

1- Consolidation between 23350-23382

2- Up moves in Bearish Rising Channel

3- Selling between 23444-23466

4- Down moves with upward corrections

5- Whole day actual trading between 23350-23466

Conclusions from intra day

chart analysis 

Following lines were told in previous Outlook in "Sustaining beyond today trading range will confirm next intraday decisive moves beginning":-

firstly sustaining beyond today trading range(23286-23489) should be watched in the coming sessions for next intraday decisive moves beginning confirmations.

Whole day today trading was within yesterday trading range between 23350-23466 

Although firstly lower levels consolidation in first hour after positive opening but after that Upward moves were seen in Bearish Rising Channel which is an intraday selling pattern. In the same manner higher levels selling in Mid-Session and after that last hour Down moves were with upward corrections which is also an intraday selling pattern therefore it is clear from today intraday patterns formations that higher levels good intraday selling developed after lower levels consolidation. 

 

As good intraday selling today therefore firstly downward moves are expected towards today lowest tomorrow but both intraday consolidation and selling were seen in last 2 sessions between 23286-23489 therefore finally sustaining beyond this range should be watched in the coming sessions for next bigger moves beginning confirmations.

Sustaining beyond today trading 

range will confirm next intraday

 decisive moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(23-09-2026)

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

Technical Patterns formation in today intraday charts

1- 74 Points up in first minute

2- Selling between 23423-23469 

3- Sharp down

4- Down moves with upward corrections

5- Sharp up

6- Down moves in Bullish Falling Channel

7- Whole day actual trading between 23286-23489

Conclusions from intra day chart analysis 

As whole day consolidation pattern formations yesterday therefore firstly nifty traded 74 points up but higher levels selling was seen in first hour therefore sharp fall developed from higher levels. Although Downward moves were with upward corrections in whole Mid-Session but intraday indicators turned Over Sold therefore sharp  upward moves developed from lower levels. As last hour Down moves were in Bullish Falling Channel therefore it will be understood that both intraday consolidation and selling patterns developed whole day today and firstly sustaining beyond today trading range(23286-23489) should be watched in the coming sessions for next intraday decisive moves beginning confirmations.

 Upward moves expectations 

& watch next resistances

Nifty-Intra Day Chart Analysis &

Market Outlook(22-09-2026)

Nifty-Intra Day Chart (21-Sep-2026):-

Technical Patterns formation in today intraday charts

1- Whole day upward moves with downward corrections

2- Whole day actual trading between 23315-23466

Conclusions from intra day

chart analysis 

Although firstly some downward moves after negative opening in first minute but upward moves started which remained continued with downward corrections which is a consolidation pattern therefore firstly upward moves are expected and finally sustaining beyond following next resistances should be watched one by one for next intraday decisive moves beginning confirmations:-

1- 23537-23571

2- 23572-23623(Gap resistance)

Finally sustaining beyond last 

4 Sessions trading range 

(23117-23521) will generate 

next bigger decisive moves

Technical Analysis,Research & Weekly

Outlook(Sep 21 to Sep 25,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (18-Sep-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 copletion after its top formations at 24774.30 on 03-08-2026.

11- Correction continuation with recent bottom formations at 23116.10 on 16-09-2026.

12- Last 113 sessions trading between 23071-24774.

13- Last 4 Sessions actual trading between 23117-23521

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 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 which completed after its top formations at 24774.30 on 03-08-2026. Correction which started from 24774.30 is now in continuation with its recent bottom formations at 23116.10 on 16-09-2026 and no confirmation of its completion yet on EOD Charts.

As US President Donald Trump suddenly announced ceasefire of Middle East war therefore 701 Points gap up opening was seen on 08-04-2026 and since then Nifty is trading between 23071-24774 for the last 113 sessions. It is clear that Nifty is preparing for next one sided bigger moves within this range. Let Nifty to sustain beyond this 113 sessions trading range then that side next one sided bigger moves will be seen. As last 4 Sessions actual trading was within 404 points between 23117-23521 in previous week and:-

1- On 15-09-2026 Bearish moves were seen in all the Global markets due to Middle-East war escalation therefore sharp downward moves were seen in Indian markets also that day. 

2- As Trump claimed that he spoke with Tehran and declared ‘toward the end of war’ on 17-09-2026 therefore upward moves were seen in Indian markets on that day.

As previous week 4 sessions trading was above mentioned contrary news led between 23117-23521 and Technical positions changes fast also due to such news flow therefore expected that Nifty will firstly trade and prepare in the coming week for next decisive moves within and near about last 4 sessions actual trading range(23117-23521) and finally sustaining beyond this trading range will confirm next decisive moves beginning.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (18-Sep-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)- 34.00 & %D(3)- 22.48.

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

4- MACD(26,12)- -447.07 & EXP(9)- -340.42 & Divergence- -106.65

Conclusions from EOD chart

analysis (Stochastic & MACD)

Technical positions of Short Term indicators are as follows:-

1- As in Stochastic indicator %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 has generated stronger signal of next Short Term upward moves beginning and that is expected also 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 this indicator is confirming Short Term downward Trend formations and more  downward moves possibility also.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (18-Sep-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 23274(Very Short Term Trend decider) 

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

3- 55-Day SMA is today at 24088(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 23954

5- 200-Day SMA is today at 24485(Long Term Trend decider) 

 

Conclusions from EOD chart

analysis (Averages)

As Nifty is hovering around Very Short Term Trend deciding 5-Day SMA for the last 4 session therefore Very Short Term Trend is now at stake. As Nifty has closed below Short, Intermediate and Long term trends deciding 21-Day,55-Day and 200-Day SMAs in the last 12 sessions therefore these 3 Trends are now down.

Nifty-Intra Day Chart

Analysis(18-Sep-2026)

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

Technical Patterns formation in today intraday charts

1- More than 4 hours consolidation between 23287-23340

2- Volatility in last hours between 23335-23389

3- Whole day actual trading between 23287-23389

Conclusions from intra day

chart analysis 

As previous week 4 sessions trading was above mentioned contrary news led between 23117-23521 and Technical positions changes fast also due to such news flow as well as both intraday consolidation and selling patterns were also seen in this period therefore expected that Nifty will firstly trade and prepare in the coming week for next decisive moves within and near about last 4 sessions actual trading range(23117-23521) and finally sustaining beyond this trading range will confirm next decisive moves beginning.

Conclusions (After putting all

studies together)

1- Very Short Term Trend is at stake.

2- Short Term Trend is Down. 

3- Intermediate Term Trend is Down. 

4- Long Term Trend is Down. 

 

Impulsive Wave-i of Wave-5 of that waves structure completed after new life time top formations at 26373.20 on 05-01-2026 of which impulsive Wave-1 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 24774.30 on 03-08-2026 and correction started from this level which is now in continuation also with its recent bottom formations at at 23116.10 on 16-09-2026 and no confirmation of its completion yet on EOD Charts.

Nifty traded last 113 sessions between 23071-24774 and now Nifty is trading near the lower levels of this range therefore all the Short to Long Term Trends have turned down and Short Term indicator MACD is also confirming Short Term downward Trend formations.

Although another Short Term indicator MACD Stochastic is now showing stronger signal of Short Term upward moves beginning but both intraday consolidation and selling patterns were also seen in the last 4 sessions of previous week therefore finally sustaining beyond last 4 sessions trading range(between 23117-23521) should be watched in the coming week for following bigger decisive moves beginning confirmations:-

1- Sustaining below the lowest(23117) of last 4 sessions trading range will mean high possibility of deeper correction beginning because the lowest of last 113 trading range(23071) is only 46 points below it and once sustaining below it will mean high possibility of valid break down of last 113 sessions trading range also. 

2- Sustaining above the highest(23521) of last 4 sessions trading range will mean relief rally beginning towards the highest(24774) of last 113 sessions trading range.