Nifty & Bank Nifty Prediction | Good News for Tomorrow? Elliott Wave & Price Action Analysis

Added: 2026-05-26

[00:00:01]Hi guys. A quick one, right? I mean the markets have just closed.

[00:00:06]And I'll put a follow video, right? But before that, pause it, read every single word.

[00:00:14]Um anything and everything that we've shared here is purely for educational purposes only, right? This by no means recommends any trades that you might want to take, right?

[00:00:24]Um and if you're interested in learning from us, you know, Elliot Wave, price action, options data and all that, right? Exactly the way we analyze, check the description box below for the training link, training / mentoring link.

[00:00:42]And if you're interested in learning the intraday markets and the post that we do, do join our YouTube button, right?

[00:00:54]Because I do post some intraday, you know, levels. You see the 24K short covering possible and, you know, I had posted a video with the levels.

[00:01:05]Um precisely, right? So you see that.

[00:01:09]Um you know, the levels and yeah, look at that, Bank Nifty breaking out and all that. So you'll get intraday updates when there is clarity, right? I want to to stress on that.

[00:01:21]So with that said, you know, here is what we analyzed yesterday. We'll [snorts] keep it a short one, right? We said bullish about 23 866.

[00:01:31]And the market precisely opened above that.

[00:01:35]And what I had posted on Twitter, right?

[00:01:38]That we're opening above and the close um about this will set the tone for the coming days, right? So a strong opening, it sustained and it eventually broke also 24,000, something that we'll touch on the options data.

[00:01:54]So strong day close, that's number one.

[00:01:58]Number two, it has taken out the previous week's high.

[00:02:02]So, 24 0 41 now is going to be a very, very important level for this week.

[00:02:09]Because if it sustains this level, I think, you know, we are all set for a further strong move like, you know, what we discussed in detail.

[00:02:17]And very, very important, if you haven't watched the analysis that we uploaded on during the weekend or rather on Friday, it is absolutely mandatory for you because you've got loads of information there.

[00:02:31]Uh we've touched almost every possible data point and came, you know, with the conclusion, right? So, a very strong day, right? Like they say, preparation is 90% execution is just, you know, 10% of it. So, that was futures um chart, but nonetheless, you know, same on the spot also.

[00:02:52]But just look at on the weekly, we're trading on about the not just the previous week, but the one before, right? So, monthly is uh sustaining, right? We had this candle, there's no follow-up, so that's a good sign.

[00:03:06]So, price is turning bullish, right? Um on the daily and also on the hourly uh you know, levels, 2400 is going to be very, very important. So, you know, talking about the options data, this is what um I was talking, and if you if you're, you know, an intraday trader, I'm sure you followed this because at one point of time when the markets opened this morning, 24,000 was a resistance.

[00:03:32]Um the call writing was the highest of all, right? And then uh that slowly got, you know, the short covering, and you know, we started seeing the put um you know, build-up.

[00:03:44]And this is exactly the beauty of, you know, when you analyze price, Elliott wave, options data, and other, you know, data points that you look at which tells you what may possibly happen, you know, well ahead of time.

[00:03:58]And something that we, you know, discuss in training.

[00:04:01]In fact, you know, last Thursday, this is exactly what we were discussing.

[00:04:05]And what I'm sharing here, in fact, right?

[00:04:08]So, this is a good sign. Uh 24,000 is now uh starting to become a support basis OI and, you know, it's also basis on the price, right? So, any uh bounds in here, uh we're going to you know, uh get a buying opportunity, right? So, price is bullish. Um options data is bullish and quickly looking at uh Elliott wave, um you know, and why I'm stressing for you to watch the uh weekend analysis, right?

[00:04:35]So, we had this as uh WXY getting over in here. So, this entire stretch can be an ABC uh from here or, you know, a one, two, and uh I would rather keep this as an ABC for now, right?

[00:04:49]A, B, and C evolving on the top, right? So, if we look at that, uh we've got a long way to go, but um quickly, instead of giving levels and making you curious, let's derive from it because I think, you know, that's the the beauty of our learning, right? So, uh 24,069 is uh target number one.

[00:05:13]Uh target number two is 24,197 and then 24, 359. These are the targets that I would be looking at uh for tomorrow, right?

[00:05:23]Um so, that's on Nifty. Um we didn't cover Bank Nifty, but quickly, since it, you know, broke that trend line, I wanted to show this out. Bank Nifty has broken this trend line very, very strongly, something that I had posted in on the YouTube, you know, membership area.

[00:05:39]And also, what we discussed with our students when, you know, Bank Nifty was somewhere in around in this area, right?

[00:05:46]So, beautiful setup. I think um you know, to summarize there is no reason uh to be bearish as yet. And for all, you know, the the the low on Nifty and Bank Nifty could possibly be over.

[00:06:01]And um I think the you know, personally if you ask me, I think the worst is over um in terms of you know, any any negative news.

[00:06:09]And if anything comes, um it has to be positive, right? So, look at Dow Jones, something that we discussed um you know, very well on track. And why I'm telling it is important for you to watch the uh weekend analysis that was in length, right? Look at um crude breaking down. So, 90 or 21 is going to be very very important than 81 uh dot 811, right? These are the levels.

[00:06:32]Uh but it's going to hover around in this area, right? At least it's not in the 100 plus range.

[00:06:38]Likewise on Brent, um this is the level that we discussed. Go watch it.

[00:06:42]INR, right? We said we stopped. And look at how, you know, INR and crude um helped us enable to find the, you know, bottom of Nifty. And you know, do comment if you were able to write today's move.

[00:06:57]Because I'm super excited on the clarity that we now have on the indexes. Guys, don't want to keep it too long. Have a great rest of the day. Do hit the like button. Comment with your views and do hype the video, right? So, it reaches far and wide. If you If you, you know, think the good thing should reach uh to other people. Guys, cheers. Have a great rest of the day. Cheers. Bye now.