Firstly upward moves expectations
& firstly 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