Stocks · Market intelligence desk
Pre-open brief

BANKNIFTY

NIFTYBANKNIFTYSENSEX
fallingWeekly · close of Thu 15 Oct 2026
DailyWeeklyMonthlyHourly15-min
close
55,811
54,709 – 56,066
change
+0.89%
trend
falling
falling
lower highs and lower lows
momentum
mixed
normal range
1,494
one bar, on average
nearest above
55,835
right at the level
nearest below
54,906
about one normal week's range away

Price, with every level the desk knows

as of Thu 15 Oct 15:30
low 54,227 ×2high 54,467 ×1low 54,906put wall 55,000high 55,835 ×3call wall 56,000low 56,024 ×3high 56,099 ×30.786 56,5000.618 56,8730.5 57,1360.382 57,398break down through 56,024break up through 57,456break down through 57,783break down through 58,713break up through 60,114break up through 58,578break up through 55,835break down through 54,906break up through 56,099break up through 52,064break up through 50,642break down through 49,787break up through 52,578double top confirmeddouble bottom confirmeddouble top confirmeddouble top confirmeddouble top confirmeddouble bottom confirmeddouble top confirmeddouble bottom confirmeddouble top confirmeddouble top confirmed55,811 close6 Dec25 Apr12 Sep30 Jan12 Jun17 Sep120 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.

the range
53,786 – 58,025
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
in transition
an ordinary session
How far it has tended to travel

Measured reach

as of Thu 15 Oct 15:30
waytypicalone in fourone in tenin points
up0.97×1.75×2.39×1,448
down0.89×1.43×2.04×1,332

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× — from 156 past periods.

The option chain and the hedge

as of Thu 15 Oct 15:30
heaviest call strike
56,000
right at the level
heaviest put strike
55,000
about half a normal week's range away
puts to calls (OI)
1.03
puts to calls (volume)
0.83
put OI change
+5,07,300
call OI change
−64,050
puts read
put writing
calls read
call unwind
foreign investors
net short the index
their futures net
−2,79,827
The numbers behind the chart
Show the recordHide the record

Reference levels

CSVas of Thu 15 Oct 15:30
sidepricetouchesdistance
above55,8353right at the level
above56,0243right at the level
above56,0993about half a normal week's range away
below54,9060about one normal week's range away
below54,4671about one normal week's range away
below54,2272about one normal week's range away

Ratio levels

as of Thu 15 Oct 15:30
ratiopricekindreached
0.38257,398pullbackyes
0.557,136pullbackyes
0.61856,873pullbackyes
0.78656,500pullbackyes
1.27258,853extensionnot yet
1.41459,169extensionnot yet
1.61859,623extensionnot yet
260,472extensionnot yet

Momentum

as of Thu 15 Oct 15:30
20-bar average
56,407
50-bar average
56,342
200-bar average
50,688
oscillator (RSI 14)
46.4
trend gauge (ADX 14)
15.3

Recent range breaks

as of Thu 15 Oct 15:30
datewaylevelclosewhat followed
25 Sepdown56,02455,580stayed beyond 1 session
19 Junup57,45657,686stayed beyond 5 sessions
13 Mardown57,78353,758still beyond after 10 sessions
23 Jandown58,71358,473still beyond after 10 sessions
2 Janup60,11460,151stayed beyond 5 sessions
21 Novup58,57858,868still beyond after 10 sessions
10 Octup55,83556,610still beyond after 10 sessions
29 Augdown54,90653,656stayed beyond 2 sessions

Formations

as of Thu 15 Oct 15:30
shapeconfirmednecklinemeasured moveoutcome
double top21 Aug52,783—open
double bottom7 Aug61,765—open
double top10 Jul49,955—open
double top10 Jul49,955—open
double top10 Jul52,783—open
double bottom13 Feb60,437—open

The last sessions

as of Thu 15 Oct 15:30
dateclosetrendmomentumrangecompression rulesettled
15 Oct55,811fallingmixed53,786–58,025breakout
9 Oct55,257fallingmixed53,786–58,248breakout
1 Oct54,451fallingmixed53,786–58,248breakout
25 Sep55,580fallingmixed55,341–58,248breakout
18 Sep56,359sidewaysmixed55,699–58,597breakout
11 Sep56,607sidewaysmixed55,699–58,597breakout
4 Sep57,370sidewaysrising56,024–58,597breakout
28 Aug57,496sidewaysrising56,024–58,706breakout
21 Aug57,762sidewaysrising56,024–58,706breakoutno break
14 Aug57,491risingrising53,843–58,706breakdownno break
7 Aug57,746risingrising53,027–58,706breakdownno break
31 Jul57,265risingrising53,027–58,706breakoutno break
For NIFTYnearest reference above at 23,047, about half a normal day's range away; nearest reference below at 22,795, about one normal day's range away; past reference zones have not marked reversals better than chancefalling