NIFTY PREDICTIONNifty 50 IndexNSE:NIFTYsiddumallappaCurrent Wave Position: Most analysts agree the index completed a five-wave impulsive move at its peak (approx. 26,373 in Jan 2026) and is now in Wave C of a larger corrective cycle. Correction Structure: The prevailing view identifies a Flat Correction or a W-X-Y complex structure. Wave A completed at the April 2025 lows, and the subsequent bounce to 26,373 is labeled as Wave B. Short-Term Outlook: Nifty is currently testing a "Value Zone" around 23,800–24,000. A failure to hold this could lead to further declines toward the 21,800–22,200 support region. TradingView