Nifty & Bank Nifty – Weekend Report  13.09.2026

NIFTY

Nifty closed this week at 23398 and as per our previous market update, the price reached 23250 zone and took support and bounced. But still I think, this leg of correction is not yet completed and with or without further bounce, the price can reach between 23150 – 23070. If bounce comes, the important resistance zone can be between 23550 – 23620. 

The zone 23150 – 23070 may be the end of wave (iii) of this decline which started from 24774 and another (iv) and (v) may develop in the corrective leg and it has the possibility to reach 22700 – 22650 and giving importance to the level of 22880. 

As an alternative, the zone 23150 – 23070 can be even end this corrective leg by marking it as wave (v) of this leg. But we need confirmation for this marking.

What next? If there is no gap down below 23070, we can expect support and bounce in Nifty.

BANK NIFTY

Comparing to Nifty, Bank Nifty is already at channel support. But it can touch the bottom channel line one more time which is around 55600 and it can bounce. If bounces, the resistance zone can be between 56700 – 57000. 

 But if the price comes below the channel bottom with speed or gap down, then the correction may accelerate.

I have explained the medium-term outlook for Nifty and Bank nifty in this video and kindly watch it if you want to know the idea behind these markings. Thank you

👉Video Link -

✨Learn the PUREST FORM OF ELLIOTT WAVE TRADING✨

🎯Learners across 12+ Countries. A complete, 5-star-rated, most practical and simplest Elliott Wave Course
Register to identify precise turning points, market reversals and clear targets with clarity. You can learn through my Elliott Wave course — WAVES LEADS THE PRICE®

✅Course Links:
📌Elliott Wave Course - Waves Leads the Price®
https://www.magicfibs.com/courses/Waves-Leads-The-Price-From-Magic%20Fibs-65e54218ce6d877f516ed105


📌PACKAGE - Elliott Wave and Technical Analysis (with additional DISCOUNT)
https://www.magicfibs.com/courses/Technical-Analysis-Waves-Leads-The-Price-68205bdb78c5c22adf8916f3
👉Important Note: Discount Coupon Code available at the Checkout Page


📌Technical Analysis Course - Master The Markets
https://www.magicfibs.com/courses/Master-The-Technical-Analysis-from-Magic%20Fibs-67d83b404c391523db11bc67


📌Elliott Wave Course - Waves Leads the Price® (TAMIL)

https://www.magicfibs.com/courses/Waves-Leads-The-Price-Tamil-Live-Course-696cdcdd3105a646e0f58cbd

DISCLAIMER - I am not a SEBI-registered analyst or investment advisor. I do not provide any buy, sell, or investment recommendations, either directly or indirectly. All charts, market analysis, educational content, teachings, doubt-solving sessions, emails, and related communications are intended strictly for educational and learning purposes only. Any information shared should not be considered financial, investment, or trading advice. Users are advised to consult their own financial advisor before making any investment or trading decisions.