Firstly downward moves expectations finally sustaining beyond last 11 sessions trading range will generate its first strong signal

Technical Analysis,Research & Weekly

Outlook(Aug 31 to Sep 04,2026)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (28-Aug-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 continuation with recent top formations at 24774.30 on 03-08-2026.

8- Short Term correction continuation with recent bottom formations at 24025.70 on 19-08-2026.

9- Last 99 sessions trading between 23071-24774 after 701 points gap up opening on 08-04-2026.

10- Last 11 sessions trading between 24026-24405

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 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 is now in continuation with its recent top formations at 24774.30 on 06-08-2026 and no confirmation of its completion yet on EOD charts. Short Term correction which begun from 24774.30 is now in continuation with its recent bottom formations at 24025.70 on 19-08-2026 and no confirmation of its completion also 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 99 sessions. It is clear that Nifty is preparing for next bigger one sided moves within this range and let Nifty to sustain beyond this 99 previoussessions trading range then that side such bigger one sided moves will be seen. As Nifty is trading for the last 11 sessions between 24026-24405 and finally sustaining this range will confirm first strong signal of next one sided decisive moves beginning hence firstly sustaining beyond last 11 sessions trading range should be watched for the next one sided decisive moves beginning confirmations.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (28-Aug-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)- 22.61 & %D(3)- 45.03.

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

4- MACD(26,12)- -157.90 & EXP(9)- -28.64 & Divergence- -129.26

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 Over sold zone therefore it will be understood that this indicator is showing more Short Term 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 has confirmed Short Term downward Trend formations and more  downward moves possibility also.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (28-Aug-2026):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 24206(Very Short Term Trend decider) 

2- 21-Day SMA is today at 24376(Short Term Trend decider) 

3- 55-Day SMA is today at 24184(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24018

5- 200-Day SMA is today at 24652(Long Term Trend decider) 

Conclusions from EOD chart

analysis (Averages)

Nifty is hovering around Very Short Term,Short Term and Intermediate Term Trends deciding 5-Day,21-Day and 55-Day SMAs for the last 6 sessions therefore these 3 Trends are now at stake. Although Nifty tested Long Term Trend decider 200-Day SMA on 03-08-2026 but dowmward moves started from this level and Nifty has sustained below 200-Day SMA in the last 20 sessions therefore Long Term Trend is down.

 

Nifty-Last 11 Sessions

intraday charts analysis

Nifty-Intra Day Chart (Aug 14 to Aug 28,2026):-

Technical Patterns formation in last 11 Sessions intraday charts

1- Last 11 Sessions actual trading between 24026-24405

Conclusions from 5 Sessions

intra day chart analysis 

As last 11 sessions trading was within 379 points between 24026-24405 and both lower levels supports and higher levels resistances are lying within this range therefore expected that Nifty will firstly trade and prepare for next bigger decisive moves as well as finally sustaining beyond this range will confirm it hence it should be firstly watched for confirmations.

Conclusions (After putting

all studies together)

1- Very Short Term Trend is at Stake.

2- Short Term Trend is at Stake.

3- Intermediate Term Trend is at Stake.

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 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 24025.70 on 19-08-2026 and no confirmation of its completion yet on EOD Charts.

As both Short Term indicators Stochastic and  MACD are showing more downward moves possibility and Long Term Trend is already down as well as all other lower range Trends are at stake therefore more downward moves are expected towards following next supports in the beginning of coming week:-

1- 24089-24118

5- 24026-24077

3- 23824-23892(Gap Support)

4- 23743-23823

5- 23607-23673

Next resistances above last Friday closing are as follows:- 

1- 24254-24297

2- 24310-24333

3- 24345-24378

4- 24451-24472

5- 24575-24677

As last 11 sessions trading was within 379 points between 24026-24405 and finally sustaining beyond this last 11 sessions trading range will generate first strong signal of next one sided decisive moves beginning therefore it should be firstly watched also for the next one sided decisive moves beginning strong signal amid firstly downward moves expectations

Sustaining beyond 24123-24194

 will confirm next intraday

 decisive moves beginning 

Nifty-Intra Day Chart Analysis &

Market Outlook(28-08-2026)

Nifty-Intra Day Chart (27-Aug-2026):-

Technical Patterns formation in today intraday charts

1- 101 Points down in first 18 minutes from intraday higher levels

2- More than 5 hours trading with mixed Patterns formation between 24123-24194

3- Whole day actual trading between 24123-24297

Conclusions from intra day

chart analysis 

Following lines were told on 26-08-2026 in "Downward moves expectations 

towards next supports":-

firstly downward moves are expected below today trading lowest(24254) and toward fllowing next supports

1- 24185-24227

2- 24173-24184

As was told 100% same happened and Nifty closed 116 points down and below above mentioned 2nd supports at 24090.85 today. 

As whole day good intraday selling was seen yesterday therefore firstly 101 Points downward moves were seen in first 18 minutes from intraday higher levels. Although Nifty closed 0.48% down today but more than 5 hours trading was seen with mixed Patterns formation between 24123-24194 therefore firstly sustaining beyond this range should be watched tomorrow for next intraday decisive moves beginning tomorrow. 

Downward moves expectations 

towards next supports

Nifty-Intra Day Chart Analysis & Market 

Outlook(27-08-2026)

Nifty-Intra Day Chart (26-Aug-2026):-

Technical Patterns formation in today intraday charts

1- Firstly upward moves after flat opening.

2- Selling between 24345-24378

3- Selling between 24310-24333

4- Selling between 24254-24297

5- Whole day actual trading between 24254-24378

Conclusions from intra day

 chart analysis 

Following lines were told on 25-08-2026 in "Upward moves expectations towards next resistances":-

1- firstly upward moves are expected above today trading highest(24265) and towards next resistances(24332-24356) also

2- finally sustaining it beyond should be watched tomorrow for next intraday decisive moves beginning confirmations

As was told 100% same happened and 

1- firstly upward moves were seen above yesterday trading highest(24265) 

and 

2- above next resistances(24332-24356) also with today intraday highest formations at 24,378.60

Although firstly upward moves after flat opening but higher levels selling developed and after that follow up selling remained continued with continuous downward moves therefore Nifty closed near the lower levels of the day. As whole day only intraday selling patterns formations therefore firstly downward moves are expected below today trading lowest(24254) and toward fllowing next supports

1- 24185-24227

2- 24173-24184

Finally sustaining beyond above supports should be watched should be watched one by one tomorrow for next intraday decisive moves beginning confirmations.

 Upward moves expectations

 towards next resistances

Nifty-Intra Day Chart Analysis &

Market Outlook(26-Aug-2026)

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

Technical Patterns formation in today intraday charts

1- 92 Points down in first minute

2- Lower levels consolidation in 5 hours between 24116-24161

3- Sharp up in last hour

4- Whole day actual trading between 24116-24265

Conclusions from intra day

chart analysis 

Following lines were told on 22-08-2026 in "Just watch sustaining beyond 24026 amid firstly downward moves expectations":-

1- downward moves are expected below last Friday lowest and towards next supports below it also.

2- expected that firstly downward moves will be seen towards following next supports in the beginning of coming week

3- As 24026 is the bottom of on going Short Term correction therefore firstly sustaining it beyond should be watched amid firstly downward moves expectations in the coming week

Downward moves in the beginning of this week was told again and again on 22-08-2026 and 100% same happened in following manner in first  2 sessions of this week:-  

1- Nifty closed in Red yesterday. 

2- Nifty traded 92 Points down in first minute today.

Although Nifty was 92 Points down in first minute but lower levels consolidation developed in 5 hours between 24116-24161 therefore sharp upward moves were seen in last hour. As lower levels good intraday consolidation was below 24161 therefore firstly upward moves are expected above today trading highest(24265) and towards next resistances(24332-24356) also as well as finally sustaining it beyond should be watched tomorrow for next intraday decisive moves beginning confirmations.