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NIFTY

sidewaysMonthly · close of Fri 18 Sep 2026
NIFTYBANKNIFTYSENSEX
DailyWeeklyMonthlyHourly15-min
close
23,346
23,116 – 24,143
change
+0.33%
trend
sideways
sideways
inside a range, neither side taken
momentum
mixed
normal range
1,345
one bar, on average
nearest above
24,338
about one normal month's range away
nearest below
22,183
about one normal month's range away

Price, with every level the desk knows

Fri 18 Sep 2026
high 20,222low 21,744low 22,183put wall 23,3000.382 23,783call wall 24,0000.5 24,278low 24,3380.618 24,7720.786 25,476high 25,669high 26,277 ×1break down through 24,338break up through 25,669break up through 20,222break up through 18,888break up through 18,115break up through 12,431break down through 10,637break up through 12,103break up through 11,760break up through 11,172double bottom confirmeddouble top confirmeddouble top confirmeddouble top confirmeddouble top confirmeddouble top confirmeddouble top confirmeddouble top confirmeddouble bottom confirmed23,346 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 24,338, about one normal month's range away; nearest reference below at 22,183, about one normal month's range away; past reference zones have not marked reversals better than chancesideways
the range
22,183 – 26,373
tightwide
a wider stretch than usual
compression rule: a move down out of the range
the swing
bounce
the last swing was down; a bounce is in progress
the session
ordinary
trending down
an ordinary session
How far it has tended to travel

Measured reach

waytypicalone in fourone in tenin points
up0.95×1.45×2.13×1,273
down0.71×1.25×1.63×955

over the next few months, the typical move has been about 0.9× a normal month's range; one in ten went beyond 2.1× — from 60 past periods.

The option chain and the hedge

Fri 18 Sep 2026
heaviest call strike
24,000
about half a normal month's range away
heaviest put strike
23,300
right at the level
puts to calls (OI)
1.15
puts to calls (volume)
1.00
put OI change
+2,55,25,500
call OI change
+1,32,87,885
puts read
put writing
calls read
call buying
foreign investors
net short the index
their futures net
−2,88,428
For NIFTYheaviest call strike 24,000; heaviest put strike 23,300; the call wall has held sideways
The numbers behind the chart

Reference levels

CSV
sidepricetouchesdistance
above24,3380about one normal month's range away
above25,6690about two normal monthly ranges away
above26,2771about two normal monthly ranges away
below22,1830about one normal month's range away
below21,7440about one normal month's range away
below20,2220about two normal monthly ranges away

Ratio levels

ratiopricekindreached
0.38223,783pullbackyes
0.524,278pullbackyes
0.61824,772pullbackyes
0.78625,476pullbacknot yet
1.27221,043extensionnot yet
1.41420,448extensionnot yet
1.61819,593extensionnot yet
217,992extensionnot yet

Momentum

20-bar average
24,024
50-bar average
22,082
200-bar average
13,241
oscillator (RSI 14)
48.1
trend gauge (ADX 14)
27.2
For NIFTYmomentum reads mixedsideways

Recent range breaks

datewaylevelclosewhat followed
30 Mardown24,33822,331stayed beyond 5 sessions
31 Octup25,66925,722stayed beyond 2 sessions
29 Decup20,22221,731still beyond after 10 sessions
30 Junup18,88819,189still beyond after 10 sessions
30 Novup18,11518,758still beyond after 10 sessions
27 Novup12,43112,969still beyond after 10 sessions
31 Mardown10,6378,598stayed beyond 5 sessions
31 Decup12,10312,168back through within 1

Formations

shapeconfirmednecklinemeasured moveoutcome
double bottom30 Jun26,373—open
double top30 Mar21,744—open
double top29 Aug21,744—open
double top28 Feb15,183—open
double top28 Feb15,183—open
double top30 Jun15,671—open

The last sessions

dateclosetrendmomentumrangecompression rulesettled
18 Sep23,346sidewaysmixed22,183–26,373breakdown
31 Aug24,080sidewaysmixed22,183–26,373breakdown
31 Jul24,384sidewaysmixed22,183–26,373breakdown
30 Jun23,866sidewaysmixed22,183–26,373breakdownno break
29 May23,548risingmixed22,183–26,373breakoutno break
30 Apr23,998risingmixed22,183–26,373breakoutno break
30 Mar22,331risingmixed22,284–26,373breakoutno break
27 Feb25,179sidewaysmixed23,936–26,373breakdownas expected
30 Jan25,321sidewaysmixed21,744–26,373breakdownno break
31 Dec26,130risingmixed21,744–26,326breakdownno break
28 Nov26,203risingmixed21,744–26,310breakdownno break
31 Oct25,722risingmixed21,744–26,104breakdownopposite