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BANKNIFTY

fallingDaily · close of Fri 18 Sep 2026
NIFTYBANKNIFTYSENSEX
DailyWeeklyMonthlyHourly15-min
close
56,359
56,074 – 56,497
change
+0.54%
trend
falling
falling
lower highs and lower lows
momentum
mixed
normal range
574
one bar, on average
nearest above
56,549
about half a normal day's range away
nearest below
56,334
right at the level

Price, with every level the desk knows

Fri 18 Sep 2026
put wall 54,0000.786 55,977high 56,156 ×30.618 56,195low 56,205 ×3high 56,334 ×10.5 56,3480.382 56,501low 56,549 ×2low 56,594 ×2low 56,624 ×2call wall 58,000break down through 57,002break down through 56,823break down through 57,075break up through 58,021break up through 55,537break down through 54,222double bottom confirmeddouble top confirmeddouble bottom confirmeddouble bottom confirmeddouble top confirmeddouble top confirmeddouble top confirmeddouble bottom confirmeddouble top confirmeddouble bottom confirmed56,359 close25 Mar28 Apr27 May25 Jun24 Jul21 Aug120 sessions

Dashed grey: reference levels · dotted violet: the heaviest option strikes · dotted amber: ratio levels · shaded band: the range · triangles: a recorded break or formation.

For NIFTYnearest reference above at 56,549, about half a normal day's range away; nearest reference below at 56,334, right at the level; past reference zones have not marked reversals better than chancefalling
the range
55,699 – 57,677
tightwide
about as wide as usual
compression rule: a move up out of the range
the swing
pullback
the last swing was up; a pullback is in progress
the session
ordinary
in transition
an ordinary session
How far it has tended to travel

Measured reach

waytypicalone in fourone in tenin points
up0.96×1.69×2.59×550
down0.96×1.78×2.77×549

over the next five sessions, the typical move has been about 1.0× a normal day's range; one in ten went beyond 2.6× — from 750 past periods.

The option chain and the hedge

Fri 18 Sep 2026
heaviest call strike
58,000
about 3 normal daily ranges away
heaviest put strike
54,000
about 4 normal daily ranges away
puts to calls (OI)
0.97
puts to calls (volume)
0.91
put OI change
+8,93,100
call OI change
−10,86,030
puts read
put writing
calls read
call unwind
foreign investors
net short the index
their futures net
−2,88,428
For NIFTYheaviest call strike 58,000; heaviest put strike 54,000; the call wall has held falling
The numbers behind the chart

Reference levels

CSV
sidepricetouchesdistance
above56,5492about half a normal day's range away
above56,5942about half a normal day's range away
above56,6242about half a normal day's range away
below56,3341right at the level
below56,2053about half a normal day's range away
below56,1563about half a normal day's range away

Ratio levels

ratiopricekindreached
0.38256,501pullbackyes
0.556,348pullbackyes
0.61856,195pullbackyes
0.78655,977pullbackyes
1.27257,349extensionnot yet
1.41457,533extensionnot yet
1.61857,798extensionnot yet
258,293extensionnot yet

Momentum

20-bar average
56,823
50-bar average
57,037
200-bar average
56,734
oscillator (RSI 14)
42.8
trend gauge (ADX 14)
12.3
For NIFTYmomentum reads mixedfalling

Recent range breaks

datewaylevelclosewhat followed
8 Sepdown57,00256,778stayed beyond 2 sessions
8 Sepdown56,82356,778stayed beyond 2 sessions
8 Juldown57,07556,743back through within 1
24 Junup58,02158,150stayed beyond 2 sessions
12 Junup55,53756,815still beyond after 10 sessions
12 Maydown54,22253,555stayed beyond 2 sessions
2 Mardown59,86159,840still beyond after 10 sessions
16 Febup60,87660,949stayed beyond 2 sessions

Formations

shapeconfirmednecklinemeasured moveoutcome
double bottom17 Sep58,248—open
double top3 Sep57,002—open
double bottom24 Aug58,597—open
double bottom24 Aug58,706—open
double top6 Aug56,024—open
double top6 Aug56,024—open

The last sessions

dateclosetrendmomentumrangecompression rulesettled
18 Sep56,359fallingmixed55,699–57,677breakout
17 Sep56,056fallingmixed55,699–57,754breakdown
16 Sep56,292fallingmixed55,699–57,754breakout
15 Sep55,795fallingmixed55,699–57,766breakout
11 Sep56,607fallingmixed55,699–58,025breakout
10 Sep56,472fallingmixed56,232–58,025breakoutopposite
9 Sep56,296fallingmixed56,296–58,025breakoutopposite
8 Sep56,778fallingmixed56,720–58,025breakoutopposite
7 Sep57,088sidewaysmixed56,823–58,025breakoutopposite
4 Sep57,370sidewaysmixed56,823–58,025breakoutopposite
3 Sep57,381sidewaysmixed56,823–58,025breakoutopposite
2 Sep57,172sidewaysmixed56,823–58,025breakdownas expected