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BANKNIFTY

fallingMonthly · close of Fri 18 Sep 2026
NIFTYBANKNIFTYSENSEX
DailyWeeklyMonthlyHourly15-min
close
56,359
55,699 – 57,766
change
+0.54%
trend
falling
falling
lower highs and lower lows
momentum
mixed
normal range
3,606
one bar, on average
nearest above
57,628
about half a normal month's range away
nearest below
54,467
about half a normal month's range away

Price, with every level the desk knows

Fri 18 Sep 2026
low 49,9550.786 51,8280.618 53,298low 53,562put wall 54,0000.5 54,330high 54,4670.382 55,363high 57,628call wall 58,000high 58,706high 61,765break down through 53,562break up through 57,628break up through 54,467break up through 48,636break up through 46,370break up through 44,152break up through 39,425break up through 37,709break up through 25,233break down through 26,561break up through 31,784break up through 28,389break up through 27,652double top confirmeddouble bottom confirmeddouble bottom confirmeddouble bottom confirmeddouble top confirmeddouble bottom confirmeddouble top confirmeddouble bottom confirmeddouble top confirmeddouble top confirmed56,359 close31 Jul29 Mar27 Nov29 Jul28 Mar28 Nov120 months

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 57,628, about half a normal month's range away; nearest reference below at 54,467, about half a normal month's range away; past reference zones have not marked reversals better than chancefalling
the range
49,955 – 61,765
tightwide
a much wider stretch than 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
up0.90×1.35×1.97×3,233
down0.58×1.05×1.30×2,107

over the next few months, the typical move has been about 0.9× a normal month's range; one in ten went beyond 2.0× — from 60 past periods.

The option chain and the hedge

Fri 18 Sep 2026
heaviest call strike
58,000
about half a normal month's range away
heaviest put strike
54,000
about one normal month's range 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
above57,6280about half a normal month's range away
above58,7060about one normal month's range away
above61,7650about two normal monthly ranges away
below54,4670about half a normal month's range away
below53,5620about one normal month's range away
below49,9550about two normal monthly ranges away

Ratio levels

ratiopricekindreached
0.38255,363pullbacknot yet
0.554,330pullbacknot yet
0.61853,298pullbacknot yet
0.78651,828pullbacknot yet
1.27261,086extensionnot yet
1.41462,329extensionnot yet
1.61864,114extensionnot yet
267,457extensionnot yet

Momentum

20-bar average
55,307
50-bar average
49,906
200-bar average
29,223
oscillator (RSI 14)
54.4
trend gauge (ADX 14)
28.1
For NIFTYmomentum reads mixedfalling

Recent range breaks

datewaylevelclosewhat followed
30 Mardown53,56250,275back through within 1
31 Octup57,62857,776stayed beyond 5 sessions
30 Aprup54,46755,087still beyond after 10 sessions
30 Aprup48,63649,397still beyond after 10 sessions
29 Decup46,37048,292still beyond after 10 sessions
30 Junup44,15244,747still beyond after 10 sessions
30 Augup39,42539,537still beyond after 10 sessions
29 Octup37,70939,116stayed beyond 5 sessions

Formations

shapeconfirmednecklinemeasured moveoutcome
double top31 Aug49,955—open
double bottom30 Jun61,765—open
double bottom30 Jun61,765—open
double bottom30 Jun61,765—open
double top30 Sep47,703—open
double bottom30 May54,467—open

The last sessions

dateclosetrendmomentumrangecompression rulesettled
18 Sep56,359fallingmixed49,955–61,765breakout
31 Aug58,025fallingmixed49,955–61,765breakout
31 Jul57,265sidewaysmixed49,955–61,765breakdown
30 Jun57,543sidewaysmixed49,955–61,765breakdownno break
29 May54,239risingmixed49,955–61,765breakoutno break
30 Apr54,863risingmixed49,955–61,765breakoutno break
30 Mar50,275risingmixed50,105–61,765breakdownno break
27 Feb60,529risingstrongly rising53,483–61,765breakdownas expected
30 Jan59,610risingstrongly rising49,157–60,437breakdownopposite
31 Dec59,582risingstrongly rising47,703–60,114breakdownopposite
28 Nov59,753risingstrongly rising47,703–59,898breakdownopposite
31 Oct57,776risingstrongly rising47,703–58,578breakoutas expected