SENSEX

risingWeekly · close of Fri 18 Sep 2026
close
74,295
73,981 – 75,436
change
−0.03%
trend
rising
rising
higher highs and higher lows
momentum
mixed
normal range
1,905
one bar, on average
nearest above
75,111
about half a normal week's range away
nearest below
74,245
right at the level

Price, with every level the desk knows

Fri 18 Sep 2026
put wall 68,000low 73,319 ×1high 73,428 ×1high 74,245call wall 74,500high 75,111 ×3high 75,124 ×3low 75,268 ×30.786 76,2600.618 76,8760.5 77,3090.382 77,742break down through 75,474break down through 79,899break down through 84,150break up through 85,290break up through 83,141break down through 80,355break up through 82,718break up through 78,742break down through 75,268break down through 76,803break down through 78,296break up through 82,129double top confirmeddouble bottom confirmeddouble top confirmeddouble bottom confirmeddouble top confirmeddouble top confirmeddouble top confirmeddouble bottom confirmeddouble bottom confirmeddouble top confirmed74,295 close26 Jul13 Dec2 May19 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 75,111, about half a normal week's range away; nearest reference below at 74,245, right at the level; past reference zones have not marked reversals better than chancerising
the range
73,981 – 79,143
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
up0.91×1.57×2.45×1,729
down0.94×1.51×2.33×1,795

over the next few weeks, the typical move has been about 0.9× 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
74,500
right at the level
heaviest put strike
68,000
about 3 normal weekly ranges away
puts to calls (OI)
1.23
puts to calls (volume)
1.05
put OI change
+40,14,320
call OI change
+47,02,900
puts read
protective put buying
calls read
call writing
foreign investors
their futures net
For NIFTYheaviest call strike 74,500; heaviest put strike 68,000; the call wall has held rising
The numbers behind the chart

Reference levels

sidepricetouchesdistance
above75,1113about half a normal week's range away
above75,1243about half a normal week's range away
above75,2683about half a normal week's range away
below74,2450right at the level
below73,4281about half a normal week's range away
below73,3191about half a normal week's range away

Ratio levels

ratiopricekindreached
0.38277,742pullbackyes
0.577,309pullbackyes
0.61876,876pullbackyes
0.78676,260pullbackyes
1.27280,141extensionnot yet
1.41480,662extensionnot yet
1.61881,410extensionnot yet
282,812extensionnot yet

Momentum

20-bar average
76,881
50-bar average
78,178
200-bar average
73,213
oscillator (RSI 14)
37.9
trend gauge (ADX 14)
15.0
For NIFTYmomentum reads mixedrising

Recent range breaks

datewaylevelclosewhat followed
11 Sepdown75,47474,782not settled yet
6 Mardown79,89978,919still beyond after 10 sessions
9 Jandown84,15083,576still beyond after 10 sessions
28 Novup85,29085,707back through within 1
17 Octup83,14183,952still beyond after 10 sessions
8 Augdown80,35579,858back through within 1
27 Junup82,71884,059back through within 1
25 Aprup78,74279,213still beyond after 10 sessions

Formations

shapeconfirmednecklinemeasured moveoutcome
double top21 Aug73,319open
double bottom7 Aug78,665open
double top24 Jul73,319open
double bottom25 Jun79,367open
double top20 Feb79,899open
double top20 Feb79,899open

The last sessions

dateclosetrendmomentumrangecompression rulesettled
18 Sep74,295risingmixed73,98179,143breakout
11 Sep74,782risingmixed74,16079,143breakout
4 Sep76,515risingmixed75,47479,143breakout
28 Aug77,265risingmixed75,47479,143breakout
21 Aug77,541risingmixed75,47479,143breakout
14 Aug78,009sidewaysmixed73,31979,143breakdownno break
7 Aug78,499sidewaysmixed73,31979,143breakdownno break
31 Jul78,095sidewaysmixed73,31978,665breakoutno break
24 Jul76,060sidewaysmixed73,31978,665breakoutno break
17 Jul78,151sidewaysmixed73,31978,665breakdownno break
10 Jul77,569sidewaysmixed73,31978,665breakdownno break
3 Jul77,764sidewaysmixed73,31978,385breakdownno break