Where NIFTY stands
sidewaysprevious session · free deskDaily · close of Thu 3 Sep 2026The state
as of Thu 3 Sep 202623,873−0.76%open 23,998 · high 24,025 · low 23,873
trendsidewaysinside a range, neither side takenswingpullbackthe last swing was up; a pullback is in progressregimetrending downsessionordinaryan ordinary session
- range
- 23,873 – 24,379
- how tight
- wider than 94 of every 100 comparable periods
- compression rule
- a move up out of the range
- that rule's record
- right about 2 times in 10, over 4,644 past cases
- normal range (ATR)
- 176
Tested against chance: a tight range has not told which way it resolves. The compression rule is shown with its own running record.
For NIFTY:inside a range, neither side taken; compression rule: a move up out of the range; that rule has been right about 2 times in 10, over 4,644 past casessideways
How far it has tended to travel
as of Thu 3 Sep 2026- up · typical
- 1.02× ATR
- up · one in four
- 1.86× ATR
- up · one in ten
- 2.76× ATR
- down · typical
- 0.97× ATR
- down · one in four
- 1.85× ATR
- down · one in ten
- 2.96× ATR
over the next five sessions, the typical move has been about 1.0× a normal day's range; one in ten went beyond 2.8× — from 750 past periods.
In points: about 179 up or 171 down in the typical case.
Measured from every comparable past period, not modelled. The middle case and the one-in-ten case, both ways.
The reference ladder
as of Thu 3 Sep 2026Reference levels
| side | price | from | touches | distance |
|---|---|---|---|---|
| above | 23,894 | swing low · 5 Aug 2024 | 3 | right at the level |
| above | 23,936 | swing low · 9 May 2025 | 2 | about half a normal day's range away |
| above | 23,939 | swing high · 27 Dec 2024 | 1 | about half a normal day's range away |
| below | 23,873 | swing low · 28 Nov 2024 | 2 | right at the level |
| below | 23,870 | swing high · 25 Mar 2025 | 2 | right at the level |
| below | 23,816 | swing low · 4 Nov 2024 | 5 | about half a normal day's range away |
Option walls
- heaviest call strike
- 24,000 about one normal day's range away
- heaviest put strike
- 23,000 about 5 normal day's ranges away
- expiry
- 8 Sep 2026 · 5 days
- call wall held
- right about 7 times in 10, over 4,657 past cases
- put wall held
- right about 7 times in 10, over 4,654 past cases
Ratio levels
| ratio | price | kind | reached |
|---|---|---|---|
| 0.382 | 24,244 | retracement | yes · 27 Aug 2026 |
| 0.5 | 24,202 | retracement | yes · 27 Aug 2026 |
| 0.618 | 24,160 | retracement | yes · 27 Aug 2026 |
| 0.786 | 24,101 | retracement | yes · 27 Aug 2026 |
| 1.272 | 24,475 | extension | not yet |
| 1.414 | 24,525 | extension | not yet |
| 1.618 | 24,597 | extension | not yet |
| 2 | 24,732 | extension | not yet |
Tested against chance: these ratios land no closer than arbitrary ones. Retracements reached right about 8 times in 10, over 18,596 past cases.
Tested against chance: past swing zones have not marked reversals better than random ground, and the heaviest option strikes have not acted as barriers. Locations, with the record — not signals.
For NIFTY:nearest reference above at 23,894, right at the level; nearest reference below at 23,873, right at the level; past reference zones have not marked reversals better than chancesideways
Momentum
as of Thu 3 Sep 2026readsmixedthe averages and the oscillator disagreerecord6 in 10 · 1,516 casesabout a coin toss
- 20-bar average
- 24,192
- 50-bar average
- 24,171
- 200-bar average
- 24,357
- oscillator (RSI 14)
- 37.2
- trend gauge (ADX 14)
- 18.7
The averages, the oscillator and the trend gauge, read together. An indication with a record, settled against the close a horizon later.
For NIFTY:momentum reads mixed; this read has been right about 6 times in 10, over 1,516 past casessideways
The option chain and the hedge
as of Thu 3 Sep 2026- puts to calls (OI)
- 1.10 higher than 76 of 100 past sessions
- puts to calls (volume)
- 0.94
- put OI change
- +4,51,36,325
- call OI change
- +8,35,77,390
- puts read
- protective put buying
- calls read
- call writing
- foreign investors
- net short the index
- their futures net
- −2,35,102 −49,042 over 5
Put-call ratio and open-interest change describe how the chain is positioned. The hedge line reads foreign investors' index book the way the desk's rule reads it.
For NIFTY:heaviest call strike 24,000; heaviest put strike 23,000; the call wall has held right about 7 times in 10, over 4,657 past casessideways
Recent range breaks
as of Thu 3 Sep 2026| date | way | level | close | carried |
|---|---|---|---|---|
| 3 Sep 2026 | down | 24,026 | 23,873 | · / · / · / · |
| 31 Jul 2026 | up | 24,367 | 24,384 | yes / yes / no / no |
| 24 Jul 2026 | down | 23,805 | 23,767 | no / no / no / no |
| 3 Jul 2026 | up | 24,189 | 24,271 | no / yes / yes / yes |
| 18 Jun 2026 | up | 24,090 | 24,168 | no / no / yes / yes |
| 8 Jun 2026 | down | 23,263 | 23,123 | yes / no / no / no |
| 12 May 2026 | down | 23,797 | 23,380 | yes / yes / no / yes |
| 8 Apr 2026 | up | 23,465 | 23,997 | yes / yes / yes / yes |
| 30 Mar 2026 | down | 22,471 | 22,331 | no / no / no / no |
| 27 Feb 2026 | down | 25,373 | 25,179 | yes / yes / yes / yes |
Tested against chance: breaks have not carried further than random; about half close back through the level within five sessions. Carried two horizons: right about 6 times in 10, over 302 past cases.
Formations
as of Thu 3 Sep 2026| shape | confirmed | neckline | measured move | outcome |
|---|---|---|---|---|
| double top | 31 Aug 2026 | 23,606 | 22,682 | open |
| double top | 31 Aug 2026 | 23,606 | 22,845 | open |
| double bottom | 29 Jul 2026 | 24,367 | 24,929 | not reached |
| double bottom | 29 Jul 2026 | 24,531 | 25,277 | not reached |
| double top | 22 Jul 2026 | 23,805 | 23,080 | not reached |
| double bottom | 13 Jul 2026 | 24,531 | 25,277 | not reached |
| double top | 10 Jul 2026 | 23,070 | 21,658 | open |
| double bottom | 29 Jun 2026 | 24,482 | 25,167 | open |
Double tops and bottoms with their measured-move level. Tested against chance: the height has not predicted the depth. Measured move reached: right about 5 times in 10, over 250 past cases.
The last sessions
as of Thu 3 Sep 2026| date | close | trend | momentum | range | compression rule | settled |
|---|---|---|---|---|---|---|
| 3 Sep 2026 | 23,873 | sideways | mixed | 23,873–24,379 | breakout | |
| 1 Sep 2026 | 24,056 | sideways | mixed | 23,953–24,379 | breakout | |
| 31 Aug 2026 | 24,080 | sideways | mixed | 23,994–24,379 | breakout | |
| 28 Aug 2026 | 24,176 | rising | mixed | 24,026–24,379 | breakdown | |
| 27 Aug 2026 | 24,091 | rising | mixed | 24,026–24,405 | breakdown | as expected |
| 26 Aug 2026 | 24,208 | rising | mixed | 24,026–24,432 | breakdown | as expected |
| 25 Aug 2026 | 24,335 | rising | mixed | 24,026–24,473 | breakdown | no break |
| 24 Aug 2026 | 24,219 | rising | mixed | 24,026–24,577 | breakdown | no break |
| 21 Aug 2026 | 24,252 | sideways | mixed | 24,026–24,621 | breakout | no break |
| 20 Aug 2026 | 24,232 | sideways | mixed | 24,026–24,630 | breakout | no break |
| 19 Aug 2026 | 24,078 | sideways | mixed | 24,026–24,677 | breakout | no break |
| 18 Aug 2026 | 24,155 | sideways | mixed | 24,155–24,678 | breakout | opposite |
| 17 Aug 2026 | 24,288 | sideways | mixed | 24,227–24,704 | breakout | opposite |
| 14 Aug 2026 | 24,366 | sideways | mixed | 24,266–24,774 | breakout | opposite |
| 13 Aug 2026 | 24,396 | sideways | mixed | 24,266–24,774 | breakout | opposite |