Just Watch next resistances amid
firstly upward moves beginning possibility
Technical Analysis,Research & Weekly
Outlook(Sep 29 to Oct 03,2025)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (26-Sep-2025):-
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 with 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 continuation with recent top formations at 25669.30 on 30-06-2025.
9- Short Term correction completion with recent bottom formations at 24337.70 on 08-08-2025.
10- Pull Back Rally completion with recent top formations at 25448.50 on 18-09-2025.
11- Short Term correction continuation with recent bottom formations at 24629.45 on 26-09-2025.
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. 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. Impulsive Wave-3 begun from this level which completed with new life time top formations at 26277.30 on 27-09-2024 and corrective Wave-A of Wave-4 started from this level.
Corrective Wave-A of Wave-4 completed at 23263.20 on 21-11-2024 and Wave-B of Wave-4 begun from this levels which completed at 24857.80 on 05-12-2024. From this level corrective Wave-C of Wave-4 started which completed at 21743.70 on 07-04-2025 and Wave-5 begun from this level.
Now impulsive Wave-5 continuation with its recent top formations at 25669.30 on 30-06-2025 and no confirmation of its completion yet on EOD charts but Short Term correction begun from this levels which completed at 24337.70 on 08-08-2025 and from this level a Pull Back Rally started which completed after its top formations at 25448.50 on 18-09-2025. Short Term correction begun from this levels which is now in continuation with its recent bottom formations at 24629.45 on 26-09-2025.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (26-Sep-2025):-
Technical Patterns and Formations in EOD charts
1- Stochastic- %K(5) line has intersected %D(3) line downward and its both lines are falling in Over sold zone.
2- Stochastic:- %K(5)- 04.20 & %D(3)- 12.29.
3- In MACD- Its both MACD line and Average line are kissing in positive zone.
4- MACD(26,12)- 222.96 & EXP(9)- 223.40 & Divergence- -0.44.
Conclusions from EOD chart analysis
(Stochastic & MACD)
Technical positions of Short Term indicators are as follows:-
1- As in Stochastic indicator its %K(5) line has intersected %D(3) line downward and its both lines are falling in Over sold zone therefore it will be understood that this indicator is still showing some more downward moves possibility. Let its both lines to start upward moves after %K(5) line upward intersection of %D(3) line then Short Term upward moves will be seen.
2- As in MACD indicator its both MACD line and Average line are kissing in positive zone therefore it will be understood that MACD indicator is not confirming any side decisive moves beginning. As its both lines are well above in positive zone therefore if MACD line intersects Average line upward in the coming week then decisive upward moves will be seen after upward Trend formation confirmations.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (26-Sep-2025):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 24994(Very Short Term Trend decider)
2- 21-Day SMA is today at 24948(Short Term Trend decider)
3- 55-Day SMA is today at 24895(Intermediate Term Trend decider)
4- 100-Day SMA is today at 24932
5- 200-Day SMA is today at 24162(Long Term Trend decider)
Conclusions from EOD chart analysis
(Averages)
As Nifty has closed well above Long Term Trend decider 200-Day SMA last Friday therefore this Trend is definitely up also but Intermediate and Short Term Trends are at stake because Nifty has closed below its deciders 21-Day and 55-Day SMAs in last 2 sessions of previous week. Very Short Term Trend is clearly down because Nifty has closed below its decider 5-Day SMA in all the 5 sessions of previous week.
Nifty-Intra Day Chart Analysis
(26-Sep-2025)
Nifty-Intra Day Chart (26-Sep-2025):-
Technical Patterns formation in today intraday charts
1- 114 points fall in first 20 minutes after 59 points gap down opening
2- Selling between 24738-24829
3- Downward moves
4- Support between 24630-24672
5- Whole day trading between 24630-24868
Conclusions from intra day
chart analysis
As all the Asian markets were weak last Friday after negative closing of all US markets one day before and Trump imposed 100% tariff on pharmaceutical products also therefore sentiment was depressed and resultant firstly 114 points fall was seen in first 20 minutes after 59 points gap down opening last Friday. Although after that firstly more than 3 hours selling was seen between 24738-24829 therefore downward moves developed in Mid-Session but lower levels supports also between 24630-24672 hence upward moves are firstly expected towards 24829 in the beginning of next week.
Conclusions (After putting all studies together)
1- Very Short Term Trend is Down.
2- Short Term Trend is at Stake.
3- Intermediate Term Trend is at Stake.
4- Long Term Trend is Up.
Impulsive Wave-3 of that Waves structure completed with new life time top formations at 26277.30 on 27-09-2024 which started through its Impulsive Wave-1 from 15183.40 on 17-06-2022. Corrective Wave-A of Wave-4 of "ABC" correction begun from 26277.30 of which Wave-C of Wave-4 completed at 21743.70 on 07-04-2025 and Impulsive Wave-5 started from this level.
Although now impulsive Wave-5 continuation with its recent top formations at 25669.30 on 30-06-2025 and no confirmation of its completion yet but since then 2 times Short Term corrections upto 24337.70 and once a Pull Back Rally was seen which completed at 25448.50 on 18-09-2025. Now Short Term correction continuation with its recent bottom formations at 24629.45 on 26-09-2025 and no indication of its completion yet on EOD charts.
As Donald Trump announced 100% tariff on pharmaceutical products therefore sharp fall was seen last Friday and downward moves were also seen in all the 5 sessions of previous week therefore Short and Intermediate Term Trends are now at Stake and until Nifty will not sustain beyond these 2 Trends deciders 21-Day and 55-Day SMAs till then that side next bigger moves will not be seen. As Long Term Trend is up and once sustaining above these 2 Trends deciders will mean on going impulsive Wave-5 continuation towards life time top at 26277.30.
Although Short Term indicator MACD is not confirming any side decisive moves beginning but another indicator Stochastic is completely Over sold and once its upward moves beginning after %K(5) line upward intersection of %D(3) then decisive Short Term upward moves will be seen. As lower levels intraday supports were also seen last Friday therefore sustaining beyond following next resistances should be firstly watched for first signal of next decisive moves beginning amid firstly upward moves beginning possibility:-
1- 24738-24829
2- 24981-25049
3- 25113-25142
4- 25271-25331
5- 25408-25448
Next Supports below last Friday lowest are as follows:-
1- 24550-24618.
2- 24356-24462(Strong supports).
3- 24165-24337(Gap Support).
4- 24042-24139
5- 23859-23987