Sustaining beyond 2 levels will confirm next bigger moves amid firstly upward moves expectations

Nifty-Intra Day Chart Analysis & 

Market Outlook(23-01-2026)

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

Technical Patterns formation in today intraday charts

1- Volatility in first hour between 25308-25435 after 186 points positive opening

2- 4 Hours consolidation in Mid-Session between 25169-25270

3- Whole day trading between 25169-25435(immediate supports)

Conclusions from intra day

chart analysis 

Following lines were told at 02:10 AM on 22-01-2026 in "Watch immediate resistances amid upward moves expectations":-

1- upward moves are expected towards next immediate resistances(25441-25485) and 

2- finally sustaining beyond immediate resistances should be watched in the coming sessions for next bigger moves beginning confirmations.

As was told 100% same happened and:-

1- Firstly upward moves were seen and Nifty traded 278 points up in first hour.

2- immediate resistances were told between 25441-25485 and today highest was only 6 points below it at 25435.75.

Although firstly volatility in first hour between 25308-25435 but 4 Hours consolidation was also seen near the lower levels of the day in Mid-Session between 25169-25270 therefore this range will be immediate supports of Nifty and next supports below this range were developed between 25128-25195 yesterday.   

As consolidation was seen between 25128-25270 in last 2 sessions therefore this range will be immediate supports of Nifty and:-

1- Until Nifty will not sustain below 25128 after complete intraday selling patterns formations till then decisive downward moves will not be seen

2- Sustaining above 25270 will mean strong rally beginning and first signal of on going that correction completion which begun from 26373.20 on 05-01-2026.

As good intraday consolidation in last 2 sessions between 25128-25270 therefore upward moves are expected towards yesterday mentioned resistance range(25441-25485) and finally sustaining beyond these 2 levels will confirm next bigger moves. 

Watch immediate resistances amid upward moves expectations

Nifty-Intra Day Chart Analysis &

 Market Outlook(22-01-2026)

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

Technical Patterns formation in today intraday charts

1- 391 Points volatility in first 4 hours after 91 points negative opening

2- Down moves in Bullish Falling Channel

3- Consolidation between 255128-25195 

4- Whole day trading between 24920-2300

Conclusions from intra day chart analysis 

Although firstly 391 Points volatility in first 4 hours after 91 points negative opening but after that consolidation patterns formations were also seen in last 2 hours therefore upward moves are expected towards next immediate resistances (25441-25485) and finally sustaining beyond immediate resistances should be watched in the coming sessions for next bigger moves beginning confirmations.

Global Stock Markets sharp fall due to Donald Trump Tariff announcements therefore firstly watch Long Term Trend decider 200-Day SMA

Nifty-Intra Day Chart Analysis

(20-Jan-2026)

Nifty-Intra Day Chart (20-Jan-2026):-

Technical Patterns formation in today intraday charts

1- Firstly 57 Points down in first minute and 99 points fall in first 15 minutes.

2- More than 4 hours sideways trading between 25351-25489 in Mid-Session.

3- More than 200 points sharp fall in last hour.

4- Whole day trading between 25172-25585.

Conclusions from intra day chart analysis 

As Donald Trump announced Tariff on European countries also and resultant crashing like situation developed in all the Global markets therefore Nifty also slipped 57 Points in first minute and fallen 99 points also in first 15 minutes. Although more than 4 hours sideways trading between 25351-25489 in Mid-Session but downward moves deepened in European markets and US markets Futures also which  started more 1% downward trading therefore more than 200 points sharp fall was seen in last hour also and Nifty closed at the lower levels of the day. As Donald Trump announcements led sharp fall is being seen in all the Global Stock Markets therefore:- 

1- Nifty has fallen more than 1200 points in only 11 sessions after new life time top formations at 26373.20 on 05-01-2026.

2- Nifty moved below last 3 months lowest today.

Although Very Short Term to Intermediate Term Trends have already turned down but Long Term Trend is still up therefore firstly Long Term Trend decider 200-Day SMA(today at 25114) should be watched in the coming sessions for next bigger moves beginning confirmations.

As still out of station therefore

 unable to post today(20-01-2026)

 Outlook but most likely will be able to

 post tomorrow(21-01-2026) Outlook. 

Watch Levels for the life & length of on going Correction 

Technical Analysis,Research &

 Weekly Outlook

(Jan 19 to Jan 23,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (16-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 26373.20 on 05-01-2026.

8- Correction continuation with recent bottom formations at 25473.40 on 12-01-2026.

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 started from 15183.40 on 17-06-2022. Corrective Wave-A of Wave-4 of "ABC correction" begun from life time top 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" completed at 21743.70 on 07-04-2025 and impulsive Wave-5 begun 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 started 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 indication of its completion yet on EOD charts. 

Correction begun from life time top 2 weeks before and firstly forceful downward moves were also seen during this correction but previous week 4 sessions sideways trading was between 25474-25870. As Nifty is preparing for next next decisive moves within this range therefore finally sustaining beyond this range will confirm the life and length of on going correction.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (16-Jan-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)- 37.57 & %D(3)- 33.51.

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

4- MACD(26,12)- -90.88 & EXP(9)- 43.14 & Divergence- -133.14.

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 is showing more upward 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 & negative zone therefore it will be understood that MACD indicator has generated good signals of Short Term Downward trend formations and fresh downward moves beginning possibility also.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (16-Jan-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 25713(Very Short Term Trend decider) 

2- 21-Day SMA is today at 25982(Short Term Trend decider) 

3- 55-Day SMA is today at 25947(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 25570

5- 200-Day SMA is today at 25096(Long Term Trend decider) 

 

Conclusions from EOD chart analysis

(Averages)

As Nifty is continuously closing below 5-Day,21-Day and 55-Day SMAs for the last 6 sessions therefore Very Short Term to Intermediate Term Trends have turned down but Long Term Trend is up because Nifty is closing well above its decider 200-Day SMA for the last 9 months.  

Nifty-Intra Day Chart Analysis

(16-Jan-2026)

Nifty-Intra Day Chart (16-Jan-2026):-

Technical Patterns formation in today intraday charts

1- Consolidation between 25687-25731

2- Up moves with downward corrections

3- Sharp up

4- Up moves in Bearish Rising Channel

5- Down moves with upward corrections

6- Volatility in Mid-Session

7- Support in last 3 hours between 25669-25719

8- Whole day trading between 25663-25873

Conclusions from intra day

chart analysis 

As firstly consolidation after positive opening and lower levels consolidation was also seen between 25610-25674 one day before as well as all around high expectations of BJP victory in Maharashtra Corporation elections therefore firstly Upward moves with downward corrections and after that sharp upward moves were seen after BJP victory clarity from announcing election results. 

Sentiment turned heated in Mid-Session because BJP victory was being seen in almost whole Maharashtra therefore selling developed at higher levels firstly through Up moves in Bearish Rising Channel and after that Down moves with upward corrections hence intraday correction remained continued almost 3 hours and Nifty lost all the first 2 hours gains. As lower levels support developed in the last 3 hours between 25669-25719 and below this range supports was seen one day before also therefore immediate supports of Nifty will be between 25610-25719 and finally sustaining beyond this range will generate first strong signal of on going correction continuation or completion. 

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 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 26373.20 on 05-01-2026 of which Wave-1 begun more than 3 years before from 15183.40 on 17-06-2022. Although no confirmation of impulsive Wave-iii of Wave-5 completion yet on EOD charts but the correction which started from the day of new life time top formation is also now in continuation with its recent bottom formations at 25473.40 on 12-01-2026 and no confirmation of its completion also on EOD charts. 

Remain cautious because:-

1- Very Short Term to Intermediate Term Trends have turned down during last 9 sessions correction.

2- On going correction is so much strong that Nifty slipped below the lowest of previous 42 sessions in only first 5 sessions of this correction. 

Although Short Term indicator MACD is showing signals of fresh downward moves beginning possibility but another Short Term indicator Stochastic is suggesting more upward moves possibility also in the coming week therefore after some upward moves sustaining beyond immediate resistances of Nifty should also be watched for next upward moves beginning confirmations. As last 4 sessions sideways trading was between 25474-25870 and Nifty is preparing for next decisive moves within this range as well as finally sustaining beyond this range will confirm the life and length of on going correction also therefore should be watched for its confirmations. 

As immediate supports of Nifty are between 25610-25719 and Nifty closed within this range between at 25694.35 last Friday also therefore firstly sustaining beyond this supports range should be watched in the coming week for first indication of next decisive moves beginning. Immediate resistances of Nifty are between 25789-25865 and finally sustaining beyond this range will confirm on going correction continuation or completion therefore it should also be watched for its confirmations.

Next resistances above immediate resistances of Nifty as follows which should be watched one by one for next upward moves beginning confirmations:-

1- 25883-25942 

2- 26069-26108

3- 26149-26181

4- 26216-26260

5- 26329-26373

Next supports below immediate supports of Nifty are as follows which should be watched one by one for next downward moves beginning confirmations:-

1- 25450-25578

2- 25319-25391

3- 25193-25315

4- 25032-25136