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NIFTY

sidewaysprevious session · freeDaily · close of Thu 3 Sep 2026
NIFTYBANKNIFTYSENSEX
DailyWeeklyMonthlyHourly15-min
close
23,873
23,873 – 24,025
change
−0.76%
trend
sideways
sideways
inside a range, neither side taken
momentum
mixed
6 in 10 · 1,516 cases
normal range
176
one bar, on average
nearest above
23,894
right at the level
nearest below
23,873
right at the level

Price, with every level the desk knows

Thu 3 Sep 2026
put wall 23,000low 23,816 ×5high 23,870 ×2low 23,873 ×2low 23,894 ×3low 23,936 ×2high 23,939 ×1call wall 24,0000.786 24,1010.618 24,1600.5 24,2020.382 24,244break down through 24,026break up through 24,367break down through 23,805double top confirmeddouble top confirmeddouble bottom confirmeddouble bottom confirmed23,898 close24 Jul31 Jul7 Aug14 Aug21 Aug28 Aug30 sessions

Dashed grey: reference levels · dotted violet: the heaviest option strikes · dotted amber: ratio levels · shaded band: the range · triangles: a recorded break or formation.

tested against chance
Tested against chance: past swing zones have not marked reversals better than random ground, the heaviest option strikes have not acted as barriers, formation height has not predicted depth, and these ratios land no closer than arbitrary ones. Every line is a location with its own record — none is a signal.
For NIFTYnearest 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
the range
23,873 – 24,379
widetight
wider than 94 of every 100 comparable periods
compression rule: a move up out of the range
that rule's record
2 in 10 · 4,644 cases
2 in 104,644 cases
worse than a coin toss — the opposite has happened more often
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
up1.02×1.86×2.76×179
down0.97×1.85×2.96×171

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.

tested against chance
Measured from every comparable past period, not modelled. The typical case and the one-in-ten case, both ways, with the count of periods behind them.

The option chain and the hedge

Thu 3 Sep 2026
heaviest call strike
24,000
about one normal day's range away
has held
7 in 104,657 cases
heaviest put strike
23,000
about 5 normal day's ranges away
has held
7 in 104,654 cases
puts to calls (OI)
1.10
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
tested against chance
Put-call ratio and open-interest change describe how the chain is positioned. The hedge line reads foreign investors' index book by the desk's own rule. Neither is a forecast.
For NIFTYheaviest 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

The numbers behind the chart

Reference levels

sidepricetouchesdistance
above23,8943right at the level
above23,9362about half a normal day's range away
above23,9391about half a normal day's range away
below23,8732right at the level
below23,8702right at the level
below23,8165about half a normal day's range away

Ratio levels

ratiopricekindreached
0.38224,244pullbackyes
0.524,202pullbackyes
0.61824,160pullbackyes
0.78624,101pullbackyes
1.27224,475extensionnot yet
1.41424,525extensionnot yet
1.61824,597extensionnot yet
224,732extensionnot yet
retracements reached
8 in 1018,596 cases

Momentum

reads mixed
6 in 101,516 cases
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
tested against chance
The averages, the oscillator and the trend gauge read together — an indication with a record, settled against the close a horizon later.
For NIFTYmomentum reads mixed; this read has been right about 6 times in 10, over 1,516 past casessideways

Recent range breaks

carried two horizons
6 in 10302 cases
datewaylevelclosecarried
3 Sepdown24,02623,873
31 Julup24,36724,384✓✓··
24 Juldown23,80523,767····
3 Julup24,18924,271·✓✓✓
18 Junup24,09024,168··✓✓
8 Jundown23,26323,123✓···
12 Maydown23,79723,380✓✓·✓
8 Aprup23,46523,997✓✓✓✓
tested against chance
Tested against chance: breaks have not carried further than random, and about half close back through the level within five sessions. Each is shown with what it actually did.

Formations

measured move reached
5 in 10250 cases
shapeconfirmednecklinemeasured moveoutcome
double top31 Aug23,60622,682open
double top31 Aug23,60622,845open
double bottom29 Jul24,36724,929not reached
double bottom29 Jul24,53125,277not reached
double top22 Jul23,80523,080not reached
double bottom13 Jul24,53125,277not reached
tested against chance
Double tops and bottoms with their measured-move level. Tested against chance, the height has not predicted the depth; the level is shown with its outcome.

The last sessions

dateclosetrendmomentumrangecompression rulesettled
3 Sep23,873sidewaysmixed23,873–24,379breakout
1 Sep24,056sidewaysmixed23,953–24,379breakout
31 Aug24,080sidewaysmixed23,994–24,379breakout
28 Aug24,176risingmixed24,026–24,379breakdown
27 Aug24,091risingmixed24,026–24,405breakdownas expected
26 Aug24,208risingmixed24,026–24,432breakdownas expected
25 Aug24,335risingmixed24,026–24,473breakdownno break
24 Aug24,219risingmixed24,026–24,577breakdownno break
21 Aug24,252sidewaysmixed24,026–24,621breakoutno break
20 Aug24,232sidewaysmixed24,026–24,630breakoutno break
19 Aug24,078sidewaysmixed24,026–24,677breakoutno break
18 Aug24,155sidewaysmixed24,155–24,678breakoutopposite