Bullish moves continuation with new Life Time Top formations
Technical Analysis,Research & Weekly
Outlook(Jan 05 to Jan 09,2026)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (02-Jan-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 26340.00 on 02-01-2026.
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 26340.00 on 02-01-2026 and no indication of its completion yet on EOD charts.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (02-Jan-2026):-
Technical Patterns and Formations in EOD charts
1- Corrective Wave-ii of Wave-5 completion at 24337.70 on 08-08-2025.
2- Impulsive Wave-iii of Wave-5 continuation with recent high and new life time top formations at 26340.00 on 02-01-2026.
3- Stochastic- %K(5) line has intersected %D(3) line upward and its both lines are rising towards Over bought zone.
4- Stochastic:- %K(5)- 83.92 & %D(3)- 57.45.
5- In MACD- MACD line has intersected Average line upward and its both lines are rising in positive and negative zone.
6- MACD(26,12)- 95.57 & EXP(9)- -02.52 & Divergence- 98.09
Conclusions from EOD chart analysis
(Stochastic & MACD)
Technical positions of Short Term indicators are as follows:-
1- As in Stochastic indicator its %K(5) line has intersected %D(3) line upward and its both lines are rising towards Over bought zone and this indicator has not turned Overbought yet therefore it will be understood that some more upward moves will be seen in the coming week.
2- As in MACD indicator its MACD line has intersected Average line upward and its both lines are rising in positive and negative zone but Average line is only 02.52 below Zero line therefore it will be understood that MACD indicator has generated good signals of Short Term upward trend formations and fresh upward moves beginning possibility also.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (02-Jan-2026):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 26097(Very Short Term Trend decider)
2- 21-Day SMA is today at 26011(Short Term Trend decider)
3- 55-Day SMA is today at 25927(Intermediate Term Trend decider)
4- 100-Day SMA is today at 25467
5- 200-Day SMA is today at 24970(Long Term Trend decider)
Conclusions from EOD chart analysis
(Averages)
As Nifty has closed above all the Trends deciding Averages for the last 3 sessions continuously therefore now all the Trends are up.
Nifty-Intra Day Chart Analysis
(02-Jan-2026)
Nifty-Intra Day Chart (02-Jan-2026):-
Technical Patterns formation in today intraday charts
1- 144 Points sharp up moves in first hour
2- Down moves in Bullish Falling Channel
3- Consolidation between 26270-26311
4- 70 Points sharp up moves in last hour
5- Whole day trading between 26119-26340
Conclusions from intra day
chart analysis
Although firstly some downward moves after positive opening but immediately after that 144 Points sharp upward moves were seen from lower levels in first hour. As Downward moves in Bullish Falling Channel and after that consolidation also between 26270-26311 in Mid-Session therefore 70 Points sharp upward moves in last hour and Nifty closed at life time top after new life time highest formations.
As intraday selling patterns were not seen last Friday and whole day only consolidation patterns developed therefore more upward moves are expected in the beginning of next week but sentiment has turned heated hence some volatility with sharp intraday corrections possibility also can not be ruled out.
Conclusions (After putting
all studies together)
1- Very Short Term Trend is Up.
2- Short Term Trend is Up.
3- Intermediate Term Trend is Up.
4- Long Term Trend is Up.
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 26340.00 on 02-01-2026 of which Wave-1 started more than 3 years before from 15183.40 on 17-06-2022. As no selling pattern formations on EOD charts therefore on going impulsive Wave-iii of Wave-5 will remain continued in the coming weeks.
All the Short to Long Term deciding Averages are confirming that all the Trends are now up. As both Short Term indicators Stochastic and MACD are showing signals of Short Term upward trend formations and more upward moves possibility as well as last Friday intraday charts are also showing intraday consolidation patterns formations therefore on going Bullish moves of on going impulsive Wave-iii of Wave-5 continuation will be seen with new Life Time Top formations in the coming week also.