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 —
Compare with S&P CNX NIFTY INDEX FUTURES
NIFTY 50 Weekly Outlook: Macro Channel Test & Structur📈 Chart Overview & Instrument DetailsInstrument: NIFTY (Nifty 50 Index)Exchange: NSE (National Stock Exchange of India)Timeframe: 1W (Weekly Chart)Current Price (CMP): ~22,744.0
📊 Technical Analysis1. Macro Trend Structure & Channel Dynamics: On the weekly timeframe, Nifty 50 is testing a critical
NIFTY: Another Rejection — What Happens Next?NIFTY is still moving inside a clear descending channel, with price continuing to form lower highs and lower lows.
The latest recovery was rejected from the resistance area near the upper side of the structure, showing that sellers are still active. As long as price remains below this area, the bear
GIFT Nifty – Daily ChartGIFT Nifty has formed a Double Top near 24,800, followed by a breakdown of the neckline and continued selling. The failed retest around 23,400–23,500 adds strength to the bearish setup.
The Fibonacci levels also support the downside:
0.786 Fib: 23,439 – now resistance
1.0 Fib: 23,070 – importan
Nifty Intraday Levels - 12-oct-2026NIFTY Intraday Levels to Watch — 12 October 2026
Key zones marked on the chart for today’s session:
🔴 Supply Zones
22,886 – 22,833
22,744 – 22,709
🟢 Demand Zones
22,623 – 22,591
22,465 – 22,415
These are the key Demand & Supply zones to watch during the session. Price reaction around these are
GIFT Nifty — Weekly Analysis - Alert The chart has formed a clear Double Top, followed by a neckline breakdown and retest rejection. This confirms a bearish technical structure.
🔻 Bearish Setup
Double Top neckline: around ₹24,000
Breakdown + retest: completed
Current price: ₹22,633
RSI: 32.67, showing strong bearish momentum.
🎯 Do
Nifty Tests Major Yearly Support — Next 3 Expiry Sessions KeyNifty futures have fallen sharply into the last 3 sessions of September expiry, now trading near 23,108, down 341 points (-1.46%) today. Zooming out to the full one-year chart tells us something important: this isn't a fall into empty space — price is now testing a major long-term support zone that
GIFT NIFTY — STRUCTURAL POSITION AND FLOWGIFT NIFTY is currently trading around 23,237, within the 23,000–23,300 Support Zone and below the 23,934–24,225 Structural Pivot Zone.
The recent recovery has weakened after rejection from the upper behavioural resistance area. Price has subsequently rotated lower and is now testing the establishe
NIFTY FUTURES ( Gift Nifty ) — Day ChartBearish structure is developing: Price has broken the rising trendline and also broken down from the Inverted Flag & Pole pattern.
🔴 Bias: Bearish below 23,350–23,400
🔄 Ideal setup: Wait for a breakdown + retest + rejection around 23,300–23,400
🎯 Targets: 22,750 → 21,750 → 21,500
🛑 Invalida
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The nearest expiration date for S&P CNX NIFTY INDEX FUTURES is Feb 24, 2022.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell S&P CNX NIFTY INDEX FUTURES before Feb 24, 2022.









