Stocks · Market intelligence desk
Pre-open brief

NIFTY

NIFTYBANKNIFTYSENSEX
risingWeekly · close of Thu 15 Oct 2026
DailyWeeklyMonthlyHourly15-min
close
22,997
22,288 – 23,056
change
+1.66%
trend
rising
rising
higher highs and higher lows
momentum
mixed
normal range
601
one bar, on average
nearest above
23,070
right at the level
nearest below
22,795
about half a normal week's range away

Price, with every level the desk knows

as of Thu 15 Oct 15:30
put wall 22,500high 22,527high 22,776 ×1high 22,795 ×1low 23,070low 23,263 ×1low 23,263 ×10.786 23,856call wall 24,0000.618 24,0520.5 24,1900.382 24,328break down through 23,606break up through 24,531break up through 24,090break down through 24,572break down through 25,693break up through 26,326break up through 26,104break up through 25,449break down through 24,473break up through 25,116break up through 23,870break down through 23,263double top confirmeddouble bottom confirmeddouble top confirmeddouble top confirmeddouble top confirmeddouble top confirmeddouble bottom confirmeddouble bottom confirmeddouble top confirmeddouble bottom confirmed22,997 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
22,180 – 24,621
tightwide
a much wider stretch than 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
up0.95×1.54×2.37×572
down0.95×1.56×2.28×572

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
24,000
about two normal weekly ranges away
heaviest put strike
22,500
about one normal week's range away
puts to calls (OI)
1.53
puts to calls (volume)
0.81
put OI change
+6,55,03,490
call OI change
+98,42,495
puts read
put writing
calls read
call buying
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
above23,0700right at the level
above23,2631about half a normal week's range away
above23,2631about half a normal week's range away
below22,7951about half a normal week's range away
below22,7761about half a normal week's range away
below22,5270about one normal week's range away

Ratio levels

as of Thu 15 Oct 15:30
ratiopricekindreached
0.38224,328pullbackyes
0.524,190pullbackyes
0.61824,052pullbackyes
0.78623,856pullbackyes
1.27225,092extensionnot yet
1.41425,258extensionnot yet
1.61825,496extensionnot yet
225,942extensionnot yet

Momentum

as of Thu 15 Oct 15:30
20-bar average
23,602
50-bar average
24,039
200-bar average
22,388
oscillator (RSI 14)
40.3
trend gauge (ADX 14)
19.6

Recent range breaks

as of Thu 15 Oct 15:30
datewaylevelclosewhat followed
11 Sepdown23,60623,398stayed beyond 2 sessions
7 Augup24,53124,571back through within 1
3 Julup24,09024,271stayed beyond 5 sessions
6 Mardown24,57224,450still beyond after 10 sessions
9 Jandown25,69325,683still beyond after 10 sessions
2 Janup26,32626,329back through within 1
28 Novup26,10426,203back through within 1
17 Octup25,44925,710still beyond after 10 sessions

Formations

as of Thu 15 Oct 15:30
shapeconfirmednecklinemeasured moveoutcome
double top21 Aug23,070—open
double bottom7 Aug24,531—open
double top24 Jul23,070—open
double top20 Feb24,572—open
double top20 Feb24,572—open
double top20 Feb24,572—open

The last sessions

as of Thu 15 Oct 15:30
dateclosetrendmomentumrangecompression rulesettled
15 Oct22,997risingmixed22,180–24,621breakout
9 Oct22,520risingmixed22,180–24,774breakout
1 Oct22,422risingmixed22,217–24,774breakout
25 Sep23,141risingmixed23,021–24,774breakout
18 Sep23,346risingmixed23,116–24,774breakout
11 Sep23,398risingmixed23,231–24,774breakout
4 Sep23,898risingmixed23,606–24,774breakout
28 Aug24,176risingmixed23,606–24,774breakout
21 Aug24,252risingmixed23,606–24,774breakoutopposite
14 Aug24,366risingmixed23,070–24,774breakdownno break
7 Aug24,571risingmixed23,070–24,774breakdownno break
31 Jul24,384sidewaysmixed23,070–24,531breakoutas expected
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