# NIFTY Bank (BANKNIFTY) — Elliott Wave count, Nov 6, 2026

NIFTY Bank (BANKNIFTY) Elliott Wave count at the Nov 6, 2026 close (price 59,086): the called count is primary ((5)) of cycle V under way from 49,954.85. It is invalid below 49,954.85. On the daily chart, intermediate (3) of ((5)) up from ₹52,783.45 (2026-05-18), targeting 60,709.66 (invalid below 52,783.45).

Source: https://elliottwaveatlas.com/markets/banknifty · Data: https://elliottwaveatlas.com/data/markets/banknifty.json

## Called count
Primary ((5)) of cycle V under way from 49,954.85. Invalid below 49,954.85.

What comes next: minute iii toward 59,307.51-61,073.38; minor 3 toward 59,643.31, intermediate (3) toward 60,709.66, cycle V toward 64,685.75-66,209.14.

## Levels by timeframe
| Timeframe | Degree | Wave | Target | Invalidation | Time window |
|---|---|---|---|---|---|
| Monthly | Cycle ↑ | cycle V up from ₹16,116.25 (2020-03), in progress | 64,685.75–66,209.14 | 16,116.25 | 2028-03-01 → 2033-02-08 |
| Weekly | Primary ↑ | primary ((5)) of V up from ₹49,954.85 (2026-03-30 week) | 83,457.63–90,066.95 | 49,954.85 | 2026-11-04 → 2032-07-26 |
| Daily | Intermediate ↑ | intermediate (3) of ((5)) up from ₹52,783.45 (2026-05-18) | 60,709.66–66,192.3 | 52,783.45 | — |
| Hourly | Minor ↑ | minor 3 of (3) up from ₹53,626.15 (2026-10-28 09:15 IST) | 59,643.31–63,694.82 | 53,626.15 | 2026-11-11 → 2027-05-19 |
| 15-minute | Minute ↑ | minute iii of minor 3 up from ₹54,582.00 (2026-11-02 13:30 IST), in progress | 61,073.38 | 54,582 | 2026-11-07 → 2026-11-07 |


## Recent changes to the call
- 2026-10-16: new — primary ((5)) of cycle V under way from 49,954.85

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