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NIFTY

risingWeekly · close of Fri 18 Sep 2026
NIFTYBANKNIFTYSENSEX
DailyWeeklyMonthlyHourly15-min
close
23,346
23,116 – 23,593
change
+0.33%
trend
rising
rising
higher highs and higher lows
momentum
mixed
normal range
569
one bar, on average
nearest above
23,606
about half a normal week's range away
nearest below
23,263
right at the level

Price, with every level the desk knows

Fri 18 Sep 2026
low 23,070low 23,263 ×1low 23,263 ×1put wall 23,300low 23,6060.786 23,856high 23,870 ×1low 23,894 ×1call wall 24,0000.618 24,0520.5 24,1900.382 24,328break down through 23,606break up through 24,531break up through 24,090break down through 24,572break down through 25,693break up through 26,326break up through 26,104break up through 25,449break down through 24,473break up through 25,116break up through 23,870break down through 23,263break down through 23,894break up through 25,078double top confirmeddouble bottom confirmeddouble top confirmeddouble top confirmeddouble top confirmeddouble top confirmeddouble bottom confirmeddouble bottom confirmeddouble top confirmeddouble bottom confirmed23,346 close2 Aug20 Dec9 May26 Sep6 Feb25 Jun120 weeks

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 23,606, about half a normal week's range away; nearest reference below at 23,263, right at the level; past reference zones have not marked reversals better than chancerising
the range
23,116 – 24,774
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
trending down
an ordinary session
How far it has tended to travel

Measured reach

waytypicalone in fourone in tenin points
up0.97×1.55×2.37×550
down0.93×1.47×2.28×528

over the next few weeks, the typical move has been about 1.0× a normal week's range; one in ten went beyond 2.4× — from 156 past periods.

The option chain and the hedge

Fri 18 Sep 2026
heaviest call strike
24,000
about one normal week'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 rising
The numbers behind the chart

Reference levels

CSV
sidepricetouchesdistance
above23,6060about half a normal week's range away
above23,8701about one normal week's range away
above23,8941about one normal week's range away
below23,2631right at the level
below23,2631right at the level
below23,0700about half a normal week's range away

Ratio levels

ratiopricekindreached
0.38224,328pullbackyes
0.524,190pullbackyes
0.61824,052pullbackyes
0.78623,856pullbackyes
1.27225,092extensionnot yet
1.41425,258extensionnot yet
1.61825,496extensionnot yet
225,942extensionnot yet

Momentum

20-bar average
24,013
50-bar average
24,260
200-bar average
22,373
oscillator (RSI 14)
39.5
trend gauge (ADX 14)
13.2
For NIFTYmomentum reads mixedrising

Recent range breaks

datewaylevelclosewhat followed
11 Sepdown23,60623,398not settled yet
7 Augup24,53124,571back through within 1
3 Julup24,09024,271stayed beyond 5 sessions
6 Mardown24,57224,450still beyond after 10 sessions
9 Jandown25,69325,683still beyond after 10 sessions
2 Janup26,32626,329back through within 1
28 Novup26,10426,203back through within 1
17 Octup25,44925,710still beyond after 10 sessions

Formations

shapeconfirmednecklinemeasured moveoutcome
double top21 Aug23,070—open
double bottom7 Aug24,531—open
double top24 Jul23,070—open
double top20 Feb24,572—open
double top20 Feb24,572—open
double top20 Feb24,572—open

The last sessions

dateclosetrendmomentumrangecompression rulesettled
18 Sep23,346risingmixed23,116–24,774breakout
11 Sep23,398risingmixed23,231–24,774breakout
4 Sep23,898risingmixed23,606–24,774breakout
28 Aug24,176risingmixed23,606–24,774breakout
21 Aug24,252risingmixed23,606–24,774breakout
14 Aug24,366risingmixed23,070–24,774breakdownno break
7 Aug24,571risingmixed23,070–24,774breakdownno break
31 Jul24,384sidewaysmixed23,070–24,531breakoutas expected
24 Jul23,767sidewaysmixed23,070–24,531breakoutas expected
17 Jul24,334fallingmixed23,070–24,531breakdownopposite
10 Jul24,207fallingmixed23,070–24,531breakdownopposite
3 Jul24,271fallingmixed23,070–24,482breakdownno break