The Nifty's recent pullback is a healthy 'running correction' rather than a trend reversal, with the broader positional uptrend remaining constructive as long as the index holds above its crucial support of 26,100 on a closing basis. He notes that the Nifty continues to trade above key moving averages, and a sustained move above the immediate resistance of 26,373 could open the door for 26,700.

Vinay Rajani’s track record: 21 graded calls · 95% CI 8–40%

Bank NiftyBullishCalled 06 Jan 2026Graded 19 Jul 2026
Verdict:MISS

Bank Nifty declined from ₹59990.85 to ₹56019.80, which is a significant drop contrary to the bullish outlook.

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