GIFT NIFTY: Could Hit Targets 20944, 20595 or 20353🌊 GIFT NIFTY 50 INDEX FUTURES — Elliott Wave Analysis
GIFT NIFTY appears to be developing a larger A-B-C corrective structure after completing a major five-wave advance at 26694.5 . Wave (V) completed at 26694.5, and price has now entered a corrective phase.
🎯 Targets:
Short-term: 20944 — 20595 — 20353
Longer-term: 17607 — 16822
🚨 Crucial level: 24798
Strong resistance / invalidation: 26695
A sustained move above 26694.5 would invalidate my current bearish corrective scenari
Niftyindex
Nifty spot 24175.65 Daily Chart - Weekly UpdateNifty spot 24175.65 Daily Chart - Weekly Update
- *Nifty closed low by 0.31% below last week level*
- Support Zone 23525 to 24075 for Nifty Index
- Resistance Zone 24350 to 24900 for Nifty Index
- Resistance Trendline maintains weight to cross for Nifty
- Rising Support Trendline attempting give shoulder for Nifty
Nifty spot 24366 Daily Chart - Weekly UpdateNifty spot 24366 Daily Chart - Weekly Update
- *Nifty closed low by 0.83% below last week level*
- Support Zone 23825 to 24325 for Nifty Index
- Resistance Zone 24675 to 25235 for Nifty Index
- Resistance Trendline pushes Nifty to more downside
- [ b]Nifty is behaving more weak and timidly then Bank Nifty
Nifty spot 23767.45 Daily Chart - Weekly UpdateNifty spot 23767.45 Daily Chart - Weekly Update
- *Nifty closed lower by 2.33% below last week level*
- Support Zone 23100 to 23650 for Nifty Index
- Resistance Zone 23875 to 24375 for Nifty Index
- Unsettled Geo Political & Domestic scenarios seem detrimental for markets
Nifty spot 24206.90 Daily Chart - Weekly UpdateNifty spot 24206.90 Daily Chart - Weekly Update
- Nifty closed positive yet tad below last week closing
- Support Zone 235500 to 23950 for the Nifty Index Band
- Resistance Zone 24350 to 24750 for the Nifty Index Band
- Nifty trending between Support & Resistance since mid June 2026
- Nifty attempts to break from Resistance Zone marred by Geo Political factors
- Support Zone making good stable ground for Nifty Index over past few weeks
Nifty 50 Neowave ForecastNamskaram Everyone
I know with all the uncertainty war, crude prices how can we predict the long term market. But market is actually a mathematic equation with psychological events. So we read this with neowave.
So I will try to explain my logic with different neowave charts, kindly pay atttention.
The current chart>>>>The Daily Chart
This price action is simple price has fall 2 tmes with wave-1 and wave 3.
Currently we in wave-4 and we should expect another fall as wave 5.
Let zoom in like
Nifty spot 22819.60 by Daily Chart view - Weekly UpdateNifty spot 22819.60 by Daily Chart view - Weekly Update
- Support Zone 22000 to 22600 of Nifty Index Band
- Resistance Zone 23000 to 23550 of Nifty Index Band
- Fall and timid Index rise closed the Gap Down Opening of 23rd March, 2026
- Hoping for the Best to Happen for Geo Political scenario and positivism prevails 🤞🏽🤞🏽🤞🏽
Nifty spot 25571.25 by Daily Chart view - Weekly UpdateNifty spot 25571.25 by Daily Chart view - Weekly Update
- Support Zone 25325 to 25625 still stands ground for Nifty Index
- Resistance Zone 25850 to 26105 holds then near ATH 26373.20 for Nifty Index
- 03-Feb-2026 Gap Up of 533 pts closure for Nifty Index may happen, at some time
- Anticipating to see decently positive opening on Monday basis tariff trickling news
Nifty spot 25471.10 by Daily Chart view - Weekly UpdateNifty spot 25471.10 by Daily Chart view - Weekly Update
- Support Zone 25325 to 25625 holding ground for Nifty Index
- Resistance Zone 25850 to 26105 then upwards at ATH 26373.20 for Nifty Index
- Nifty Gap Up Opening of 533 pts on 03-Feb-2026 would need be filled, sooner or later
Nifty spot 25693.70 by Daily Chart view - Weekly UpdateNifty spot 25693.70 by Daily Chart view - Weekly Update
- Support Zone 25325 to 25625 for Nifty Index
- Resistance Zone 25850 to 26105 then upwards at ATH 26373.20 for Nifty Index
- Nifty fell short by tad bit of 32 points to create a New ATH on 03rd February, 2026
- Nifty Gap Up Opening of 533 pts on 03-Feb-2026 would need be filled, sooner or later
Nifty spot 25048.65 by Daily Chart view - Weekly UpdateNifty spot 25048.65 by Daily Chart view - Weekly Update
- Support Zone 24775 to 25075 for Nifty Index
- Resistance Zone 25325 to 25625 for Nifty Index
- Since a while the indicative Support and Resistance Zone are just an eyewash, as they hardly sustain by the unprecedented Geo-Political happenings
Nifty spot 25694.35 by Daily Chart view - Weekly UpdateNifty spot 25694.35 by Daily Chart view - Weekly Update
- Support Zone 25425 to 25725 for Nifty Index seems grounded
- Resistance Zone 26000 to 26200 >>> ATH 26373.20 for Nifty Index
- Nifty is facing the fear factor syndrome shadowed by clouds of caution
- Positive ripples trying to enable Nifty regain up-move with hopes for continuity
Nifty spot 26328.55 by Daily Chart view - Weekly UpdateNifty spot 26328.55 by Daily Chart view - Weekly Update
_*Nifty created a New Lifetime High Milestone 26340 on 02-Jan-2026*_
- Support Zone 25915 to 26185 for Nifty
- Resistance only at ATH 26340 for Nifty and each New ATH
- Volumes trending above avg traded quantity but with selling pressure
- Bullish Rising W formed by the neckline at previous ATH and New ATH level
- Hope to see further higher levels for the Nifty Index through the New Year 2026
Nifty 50 spot 26042.30 by Daily Chart view - Weekly UpdateNifty 50 spot 26042.30 by Daily Chart view - Weekly Update
- Nifty has closed fairly above the Support Zone
- Support Zone steadfast at 25710 to 26010 for Nifty Index
- Resistance Zone grounded at 26200 to ATH 26325.80 for Nifty Index
- Volumes have fallen well below the average traded quantity thru the week
- Falling Resistance Trendline and the Resistance Zone rejection remain intact
Nifty 50 spot 25966.40 by Daily Chart view - Weekly UpdateNifty 50 spot 25966.40 by Daily Chart view - Weekly Update
- Nifty has closed within Support Zone range upper end
- Support Zone remains steady at 25710 to 26010 for Nifty Index
- Resistance Zone stands firmly at 26200 to ATH 26325.80 for Nifty Index
- Volumes synced closely with avg traded quantity over the entire past weeks
- Falling Resistance Trendline Breakout in a steady making process by weekly closure
Nifty Index spot 25910.05 by the Weekly Chart viewNifty Index spot 25910.05 by the Weekly Chart view
- Weekly basis - Support Zone 24850 to 25325
- Weekly basis - Resistance Zone 26050 to ATH 26277.35
- Rising Index Channel indicative of continued uptrend to look forward to .....
- Bullish Cup and Handle pattern shows breakout expectation from Resistance Zone
Nifty 50 spot 25795.15 by Daily Chart view - Weekly updateNifty 50 spot 25795.15 by Daily Chart view - Weekly update
- Support Zone 25430 to 25670 for Nifty Index
- Rising Support Channel stayed grounded by continued supportive role
- Falling Resistance Trendline and Resistance Channel Breakout well sustained
- Resistance Zone 25875 to 26060 and then 26200 to ATH 26277.35 for Nifty Index
- The final hurdles stand firm grounds and is yet untimely to get to see a New Lifetime High created
- Nifty Index earlier shied away to cross the 25K level a
Nifty 50 spot 25709.85 by the Daily Chart view - Weekly updateNifty 50 spot 25709.85 by the Daily Chart view - Weekly update
- [ b]Nifty Index now just 567.50 points away from ATH 26277.35 for creating a New Lifetime High Milestone
- Resistance Zone 25875 to 26060 and then 26200 to ATH 26277.35 for Nifty Index
- The final hurdle step to cross over before we get to see a New Lifetime High creation
- Both Falling Resistance Trendline and Resistance Channel Breakout seem well sustained
- Current Support Zone 25430 to 25670 for Nifty Index was earlier a S
Nifty 50 spot 24654.70 by Daily Chart view - Weekly updateNifty 50 spot 24654.70 by Daily Chart view - Weekly update
- Support Zone 24325 to 24500 for Nifty Index
- Rising Support Channel broken down from its supportive role
- Earlier Support Zone now acting Resistance Zone 24875 to 25135
- Falling Resistance Trendline and Resistance Channel are strongly active
- Strong rejection observed at 25430 to 25670 Resistance Zone for Nifty Index
- Bearish Rounding Top is seen in the making process with Support Zone neckline
Nifty 50 spot 24741 by Daily Chart view - Weekly updateNifty 50 spot 24741 by Daily Chart view - Weekly update
- Resistance Zone 24900 to 25150 of Nifty Index
- Rising Support Channel is yet acting as a resistance
- Support Zone now earlier was the Resistance Zone at 24450 to 24700 level
- Breakdown from Falling Resistance Trendline and Channel has strongly sustained
- Bearish Rounding Top pattern by Resistance zone neckline active, with index closure below it
Nifty 50 spot 24,870.10 by the Daily Chart view - Weekly updateNifty 50 spot 24,870.10 by the Daily Chart view - Weekly update
- Support Zone 24450 to 24700 for Nifty Index
- Rising Support Channel sustaining in the supportive role
- Resistance Zone seen at 24900 to 25100 for Nifty Index Level
- Next Resistance Zone seen at 25375 to 25600 for Nifty Index Level
- Nifty Index formed Bearish Rounding Top, dose pretty much seems rejected by Resistance Zone with closure below it
- Basis Gap Up Opening done on 18th August, 2025, Nifty Index might just
Nifty50 Intraday Rebound-Sets Eyes For Long 🔍 Key Observations:
✅ A fresh Buy label has printed after a series of lower lows — suggesting potential momentum shift.
🔴 Previous Sell cluster accurately marked the swing high near 25,145 zone.
⚪ Price is still trading below the 200 EMA, but attempting to reclaim short-term trendlines.
🟫 Minor Liquidity Box indicates supply pressure ahead, aligning with previous structure resistance.
📊 Risk-to-reward suggests the move could extend towards 25,145.35, if price holds above 24,707.
🎯 Setup Sum























