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NIFTYBANKNIFTYSENSEXthe day with its strikes, then the week and the month — and every expiry on the option-chain page
NIFTY
23,346
close of Fri 18 Sep
change
+0.33%
23,287 – 23,389
trend, this timeframe
falling
falling
the last swing was up; a pullback is in progress
a normal move
189
points, one day

Sixty sessions with the levels that have held, and the heaviest option strikes on the same price scale — the weekly expiry, Tue 22 Sep, 4 days to go.

NIFTY23,346▲ +0.33%fallingDay's range 103 pointsPCR 1.15Momentum strongly fallingRegime trending down
60 sessions · daily candles · the levels that have heldR2 23,805 · weekly tooR1 23,606 · weekly tooWeekly R 23,478 · last weekly swingWeekly S 23,173 · last weekly swingS1 23,116 · still formingbroke up through 24,189broke down through 23,805broke up through 24,367broke down through 24,02623,346 close25 Jun14 Jul30 Jul17 Aug2 Sep
Open interest by strikeWeekly expiry · Tue 22 Sep · 4 days to go · PCR 1.15
calls writtenputs written23,50023,500 calls — 92,26,165 contracts open23,40023,400 calls — 87,68,240 contracts open23,60023,600 calls — 79,09,005 contracts open23,30023,300 puts — 1,26,86,570 contracts open23,20023,200 puts — 96,01,865 contracts open23,25023,250 puts — 64,90,705 contracts open23,346

Levels

  • R223,805on the weekly chart too
  • R123,606on the weekly chart too
  • S123,116the low of the last ten sessions — still forming

R is resistance above the close, S is support below it, nearest first. Chosen by how often price has turned there and whether the weekly and monthly charts agree.

The day and the week

Day range103 pts
23,28723,389

closed in the middle of its day

Fell early, then recovered — 0.22% lower over the 5 sessions.

Where the option writers sit

Heaviest calls
24,000
Heaviest puts
23,300
Most option value expires at
23,350
PCR (puts against calls)
1.15

The strikes with the most open contracts on each side, and the strike where the most option value would expire worthless.

The last five sessions
NIFTY▼ −0.22% over the week
Fri 11 Sep — fallingTue 15 Sep — fallingWed 16 Sep — fallingThu 17 Sep — fallingFri 18 Sep — falling11 Sep18 Sep
In plain words

Fell early, then recovered — 0.22% lower over the 5 sessions. All five sessions were falling.

The last session: 103 points from low to high; closed in the middle of its day.

The last weekly swing

22,183 on 2 Apr to 24,774 on 7 Aug, up 11.7% — and before it, 26,373 on 9 Jan to 22,183 on 2 Apr, down 15.9%.

R323,784reached 7 SepR223,783reached 8 Apr · from the earlier swingR123,478reached 9 SepS123,173reached 15 SepS223,172reached 8 Apr · from the earlier swingS322,737not reached23,346where it closed

These are the levels of the two swings named above. R1 is the first one above today's close, S1 the first below. "Reached" means price has already traded through it.

What such levels have done
Price usually goes through these levels rather than back from them.
  • Closed straight through within ten sessions: 124 of 173 first touches.
  • Fell a full day's range back from one: 90 of the same 173.
  • Often on the very same touch — which is why a level can look like it held and price still ends up past it.
The Fibonacci number is not what makes it work.
  • Lines at ordinary fractions of the same swings — 0.30, 0.45, 0.55, 0.70, 0.85 — behaved the same.
  • Price went through 70% of those, against 72% of the Fibonacci ones.
  • It is the swing that matters, not the ratio.
Once price is cutting through a swing, it has tended to keep going.
  • After a close pushed half a day's range past the middle of the swing:
  • Reached the next level down within ten sessions: 26 of 33.
  • Within twenty sessions: 29 of 33.
  • A count of what has happened before, not a promise about this week.

Where NIFTY stands — day, week and month

the timeframes are not reading the same way.

Day

falling
23,346.40

lower highs and lower lows

Where in the swing
the last swing was up; a pullback is in progress
Momentum
strongly falling
Range
about as wide as usual
Compression
the compression rule reads: a move up out of the range
tightwide
23,116 – 24,006

over the next five sessions, the typical move has been about 1.0× a normal day's range; one in ten went beyond 2.7×

Week

rising
23,346.40

higher highs and higher lows

Where in the swing
the last swing was up; a pullback is in progress
Momentum
mixed
Range
about as wide as usual
Compression
the compression rule reads: a move up out of the range
tightwide
23,116 – 24,774

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×

Month

sideways
23,346.40

inside a range, neither side taken

Where in the swing
the last swing was down; a bounce is in progress
Momentum
mixed
Range
a wider stretch than usual
Compression
the compression rule reads: a move down out of the range
tightwide
22,183 – 26,373

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×

For NIFTYthe timeframes are not reading the same way; day falling; week rising; month sidewaysfalling
The picture

NIFTY · daily

DayWeekMonthFri 18 Sep 2026
low 23,263 ×1low 23,263 ×1put wall 23,300high 23,339high 23,426 ×2low 23,460 ×2high 23,465 ×2call wall 24,0000.786 24,1010.618 24,1600.5 24,2020.382 24,244down through 24,026up through 24,367down through 23,805up through 24,189up through 24,090down through 23,263down through 23,797up through 23,465down through 22,47123,346 close25 Mar28 Apr27 May25 Jun24 Jul21 Aug120 sessions

Dashed grey: reference levels. Dotted violet: the heaviest option strikes. Dotted amber: extension and retracement levels. The shaded band is the recent range; triangles mark recorded breaks and confirmed formations.

For NIFTYlower highs and lower lows; compression rule: a move up out of the rangefalling
Where the levels are

Support and resistance

Fri 18 Sep 2026

Above

23,4260.4× a normal day2 touches
23,4600.6× a normal day2 touches
23,4650.6× a normal day2 touches

Below

23,3390.0× a normal day0 touches · W
23,2630.4× a normal day1 touch · W
23,2630.4× a normal day1 touch · W
For NIFTYnearest reference above at 23,426, about half a normal day's range away; nearest reference below at 23,339, right at the level; past reference zones have not marked reversals better than chancefalling

What levels like these have done

Fri 18 Sep 2026
LevelTimes touched beforePrice came to itTurned a day’s range backClosed throughPast cases
above the close, also on a longer timeframe177 in 10065 in 10080 in 1003,832
above the close174 in 10064 in 10082 in 1003,265
above the close, also on a longer timeframe289 in 10062 in 10084 in 1001,723
above the close295 in 10062 in 10091 in 100529
above the close, also on a longer timeframe3+91 in 10056 in 10084 in 1001,735
above the close3+97 in 10058 in 10089 in 100489
below the close, also on a longer timeframe164 in 10075 in 10075 in 1004,404
below the close163 in 10075 in 10078 in 1004,383
below the close, also on a longer timeframe283 in 10068 in 10079 in 1001,898
below the close279 in 10069 in 10076 in 100609
below the close, also on a longer timeframe3+85 in 10072 in 10073 in 1001,876
below the close3+89 in 10072 in 10079 in 100579

The last two columns are counted over the touches that were REACHED, and they overlap: on one touch price can turn a day’s range back and still close beyond it inside the window. Both are shown because printing one of them would be choosing the answer. On a level like the ones in this table, price came to it 89 times in 100, over 1,723 past cases; of those it turned a day's range back 62 times in 100 and closed through 84 times in 100.

How far it has actually travelled

Fri 18 Sep 2026
Over50 sessions in 100 stayed inside75 sessions in 100 stayed inside90 sessions in 100 stayed inside
the next session0.6%1.0%1.6%
the next 5 sessions1.5%2.5%3.6%
the next 21 sessions3.2%5.4%7.2%

How far the index has actually travelled, counted over every past session. Read a row as: over that many sessions, this many in a hundred stayed inside that much either way. 75 sessions in 100 have stayed inside 2.5% either way over the next 5 sessions.

M and W formations, and their necklines

ShapeConfirmedNecklineHeightMeasured moveWhat happened
M2026-08-3123,6065.2×22,682still open
M2026-08-3123,6064.3×22,845still open
W2026-07-2924,3672.4×24,929did not reach
W2026-07-2924,5313.2×25,277did not reach
M2026-07-2223,8052.9×23,080did not reach
W2026-07-1324,5312.8×25,277did not reach
M2026-07-1023,0705.9×21,658still open
W2026-06-2924,4822.5×25,167still open
M2026-06-2323,0703.7×22,051still open
M2026-06-2323,0704.6×21,806still open
For NIFTYlower highs and lower lowsfalling

Breakouts and breakdowns

WhenWayLevelCloseHow far it wentStill beyond
2026-09-02down through24,02623,9143.3×yes
2026-07-31up through24,36724,3841.9×yes
2026-07-24down through23,80523,7670.0×no
2026-07-03up through24,18924,2711.4×yes
2026-06-18up through24,09024,1680.6×no
2026-06-08down through23,26323,1230.6×no
2026-05-12down through23,79723,3801.5×yes
2026-04-08up through23,46523,9971.9×yes
2026-03-30down through22,47122,3310.6×no
2026-02-27down through25,37325,1795.8×yes
2026-02-13down through25,49225,4710.4×no
2026-02-03up through25,45825,7281.5×yes
2026-02-01down through24,92024,8250.8×no
2026-01-08down through25,87825,8772.3×yes
2026-01-02up through26,23626,3290.8×no
2025-12-22up through26,05826,1720.9×no
2025-12-09down through25,89125,8401.0×yes
2025-11-20up through26,09826,1921.1×yes
2025-11-04down through25,71825,5982.0×no
2025-10-16up through25,44925,5853.4×yes
For NIFTYlower highs and lower lowsfalling

Everything else this index carries

the reference ladder, the hedging read, the last sessions →