Nifty Prediction for 26 May: Today’s market action clearly favored the bulls. With the opening bell, buyers quickly asserted control, dragging Nifty sharply upward within the first 15 minutes. Starting nearly flat, the index touched a low of 24,614 in the initial five minutes. And swiftly climbed 300 points within the first hour and 15 minutes to hit a high of 24,909. After this strong rally, Nifty encountered resistance and remained sideways for the rest of the day. And in the sideways market, offers numerous trading opportunities for scalpers. Every dip turned into a buying chance, highlighting the market’s clearly bullish stance.
Our previous day’s prediction explicitly mentioned profitable opportunities above yesterday’s high, and the market unfolded precisely as anticipated. This highlights the importance of data-driven analysis and technical chart studies—predicting market moves relies on structured data, not intuition or guesswork.
Let’s delve deeper into the technical data and charts to understand the Nifty prediction for 26 May as It’s the start of fresh weekly candle.
Table of Contents
Market Overview – A Fresh Breakout
🔍 Nifty 50 Snapshot
| Open | High | Low | Close |
| 24,639.50 | 24,909.05 | 24,614.05 | 24,853.15 |
📊 Market Breadth (Nifty 50)
| ADVANCED | FLAT (<0.25%) | DECLINES |
| 41 | 7 | 2 |
📈 Nifty Movers
| TOP GAINERS | GAIN % | TOP LOOSERS | LOSS % |
| ETERNAL | 3.63 % | SUNPHARMA | -1.72% |
| HDFCLIFE | 3.28 % | GRASIM | -0.70 % |
🏦 Nifty Sectoral Performance
- Bullish overall sentiment: FMCG (+1.63%), Private Bank (+1.08%).
- Pharma closed in the red (-0.41%), all other sectors closed positively.
- Midcap and Smallcap indices also closed approximately +1%.
🔍 Technical Analysis – Nifty Prediction for 26 May.
A robust 300-point bullish candle that decisively closed above yesterday’s high signals strong bullish momentum. Closing above the critical level of 24,800 further confirms this bullish bias, despite remaining below the psychological 25,000 mark.
The daily chart showcases a notable Morning Star pattern formed precisely at the 20-day moving average (DMA), strongly suggesting a reversal from the minor recent downtrend back toward bullish momentum.
Key Levels:
- Support: – 24,737.50, 24,608
- Resistance: 24,909, 24,950
- There is a Trend Line resistance also near 24,850 area.
RSI 14
On Daily Chart, RSI at 60, bending towards upside. Crossing above 60 will indicate good momentum.
On Hourly Chart, RSI is at 55 after hitting 60 as we predicted yesterday. Now It’s being Flat. 1st opening candle will decide which side the strength will go.
📊 Open Interest (OI) Data
Today was the 1st day of this last Expiry for May. Still we have good amount of OI present.
- Support (Put OI): 24,800 – 59.2 Lakh contracts
- Resistance (Call OI): 25,000 – 79 Lakh contracts
The substantial OI buildup at 24,800 Call (47 lakh contracts) appears trapped as Nifty closed 53 points higher.
🧮 OI Build-Up:
| Index | PRICE % | OI % | BUILDUP |
| NIFTY | 0.96 % | 7.65 % | Long Buildup |
| BANK NIFTY | 0.82 % | 0.63 % | Long Buildup |
| FINNIFTY | 0.97 % | 0.31 % | Long Buildup |
- Long Buildup in every Index showing Strength of the market.
🧠 Nifty Prediction for 26 may & Trade Plan
Analyzing all indicators and data points strongly suggests an upside momentum for Nifty on Monday. Any dips could provide good buying opportunities. Anticipate a gap-up opening, and if sustained, expect a possible short-covering rally as Call writers might get trapped at various strike points. Still, caution is advised due to the proximity of the monthly expiry and elevated VIX (17+). Premiums remain high, reinforcing the importance of disciplined money and risk management.
Nifty can Hit All time High within this Week. We will update in case of any technical change.
📘 Key Learning from Today’s Market
- Always let market action define your bias.
- Never stay rigid; adapt your view when key levels are broken.
- Master both strategy and psychology for successful options trading.
📣 What’s Your Take?
Do you think ******?
💬 Drop your thoughts in the comment section!