SENSEX
sidewaysMonthly · close of Fri 18 Sep 2026close
74,295
73,981 – 77,232
change
−0.03%
trend
sideways
sidewaysinside a range, neither side taken
momentum
mixed
normal range
4,445
one bar, on average
nearest above
79,742
about one normal month's range away
nearest below
71,546
about one normal month's range away
Price, with every level the desk knows
Fri 18 Sep 2026
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 79,742, about one normal month's range away; nearest reference below at 71,546, about one normal month's range away; past reference zones have not marked reversals better than chancesideways
the range
71,546 – 86,159
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
| way | typical | one in four | one in ten | in points |
|---|---|---|---|---|
| up | 0.90× | 1.43× | 1.89× | 4,008 |
| down | 0.74× | 1.20× | 1.65× | 3,268 |
over the next few months, the typical move has been about 0.9× a normal month's range; one in ten went beyond 1.9× — from 60 past periods.
The option chain and the hedge
Fri 18 Sep 2026
heaviest call strike
74,500
right at the level
heaviest put strike
68,000
about two normal monthly ranges away
For NIFTYheaviest call strike 74,500; heaviest put strike 68,000; the call wall has held sideways
The numbers behind the chart
Reference levels
| side | price | touches | distance |
|---|---|---|---|
| above | 79,742 | 0 | about one normal month's range away |
| above | 84,100 | 0 | about two normal monthly ranges away |
| above | 85,978 | 1 | about 3 normal monthly ranges away |
| below | 71,546 | 1 | about one normal month's range away |
| below | 71,425 | 1 | about one normal month's range away |
| below | 67,927 | 0 | about two normal monthly ranges away |
Ratio levels
| ratio | price | kind | reached |
|---|---|---|---|
| 0.382 | 77,128 | pullback | yes |
| 0.5 | 78,852 | pullback | yes |
| 0.618 | 80,577 | pullback | not yet |
| 0.786 | 83,032 | pullback | not yet |
| 1.272 | 67,571 | extension | not yet |
| 1.414 | 65,496 | extension | not yet |
| 1.618 | 62,515 | extension | not yet |
| 2 | 56,933 | extension | not yet |
Momentum
For NIFTYmomentum reads mixedsideways
Recent range breaks
| date | way | level | close | what followed |
|---|---|---|---|---|
| 30 Mar | down | 79,742 | 71,948 | stayed beyond 5 sessions |
| 28 Nov | up | 84,100 | 85,707 | stayed beyond 1 session |
| 29 Dec | up | 67,927 | 72,240 | still beyond after 10 sessions |
| 30 Jun | up | 63,583 | 64,719 | still beyond after 10 sessions |
| 30 Nov | up | 60,845 | 63,100 | still beyond after 10 sessions |
| 27 Nov | up | 42,274 | 44,150 | still beyond after 10 sessions |
| 31 Mar | down | 35,988 | 29,468 | stayed beyond 5 sessions |
| 29 Nov | up | 40,312 | 40,794 | stayed beyond 2 sessions |
Formations
| shape | confirmed | neckline | measured move | outcome |
|---|---|---|---|---|
| double bottom | 30 Jun | 86,159 | — | open |
| double top | 27 Feb | 71,425 | — | open |
| double top | 29 Aug | 71,425 | — | open |
| double top | 28 Feb | 50,921 | — | open |
| double top | 28 Feb | 50,921 | — | open |
| double bottom | 30 Aug | 60,845 | — | open |
The last sessions
| date | close | trend | momentum | range | compression rule | settled |
|---|---|---|---|---|---|---|
| 18 Sep | 74,295 | sideways | mixed | 71,546–86,159 | breakdown | |
| 31 Aug | 76,957 | sideways | mixed | 71,546–86,159 | breakdown | |
| 31 Jul | 78,095 | sideways | mixed | 71,546–86,159 | breakdown | |
| 30 Jun | 76,479 | sideways | mixed | 71,546–86,159 | breakdown | no break |
| 29 May | 74,776 | rising | mixed | 71,546–86,159 | breakout | no break |
| 30 Apr | 76,914 | rising | mixed | 71,546–86,159 | breakout | no break |
| 30 Mar | 71,948 | rising | mixed | 71,774–86,159 | breakout | no break |
| 27 Feb | 81,287 | rising | mixed | 78,968–86,159 | breakout | opposite |
| 30 Jan | 82,270 | sideways | mixed | 71,425–86,159 | breakdown | no break |
| 31 Dec | 85,221 | rising | mixed | 71,425–86,159 | breakdown | no break |
| 28 Nov | 85,707 | rising | mixed | 71,425–86,056 | breakdown | no break |
| 31 Oct | 83,939 | sideways | mixed | 71,425–85,290 | breakdown | opposite |