A video says a rare nine-wave triangle pattern is forming on the Nifty and BankNifty charts. It compares the setup to “9 Navratnas” and describes the move as nine separate waves.
It says the market is now in the c-wave (the current decline) and suggests this phase could trap bearish trades.
Nine Wave Triangle Pattern
The video gives a d-wave bounce target near 25,771. It also marks zones for the d-wave and a final e-wave drop, before a later upside rally.
The author is Abhishek H. Singh, described as a financial analyst with more than 10 years of experience and a focus on Elliott Wave Theory.
A complex nine-wave pattern is said to be guiding the market. The view is that we are in the final part of a downward c-wave. The recent dip below 24,500 is described as a shakeout of weak holders, happening alongside fresh concerns about service-sector inflation. The claim is that this downside move may be close to running out of steam.
Derivative traders are told to get ready for a sharp d-wave rally, with a target near 25,771. Recent FII data is cited, showing net selling fell sharply in the last week of January 2026. This is presented as a sign that FIIs may be positioning for an upswing. The video warns that the bounce could be fast and may catch many bears off guard.
Derivative Trading Considerations
With the India VIX still above 15, selling out-of-the-money put spreads is presented as one way to benefit from a potential rebound and a possible drop in volatility. Another approach mentioned is buying at-the-money call options for the March 2026 expiry to play the expected rally more directly. It adds that traders should stay flexible, because the move may be temporary.
The video stresses that this rally could be a trap inside a larger consolidation, not the start of a new bull market. It points to a similar “fake” rally in Q4 2025 that quickly reversed, and suggests taking profits near 25,700. The pattern described implies a final e-wave drop after the bounce.
After the d-wave rally finishes, traders are told to be ready to flip positions for the final e-wave decline. This last drop is expected to complete the nine-wave triangle. That would set up the next major, longer-lasting trend—but only after one more push lower.
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