Australia are currently leading 2-1 and needed just one more victory to clinch the series, while India will have to win both their remaining games.
"We are very happy to be 2-1 up. We have played some very good cricket. We look forward to tomorrow's game. The three (finished) games have been outstanding. We are finding a lot of confidence at the moment. That stems from the way the tour has gone so far," Bailey said at the pre-match press conference here.
The ever-smiling Bailey has led from the front, having amassed 318 runs in the four innings he has batted so far in the best-of-seven rubber at a very impressive 100-plus average.
Bailey, who has looked extremely dominant against the Indian spinners, especially Ravichandran Ashwin, in the series, applauded his team's batting.
"We have been pretty consistent with our batting and probably most important is, we are clear about our roles over the last 6-7 games (going back to series v England)," said Bailey, who has been his side's highest scorer by a long distance with 98 as his best effort so far.