Education
Nifty's U-Turn at Support — Eyes on 23,600Hi everyone, wishing you a calm and disciplined week ahead in the markets.
Below is my Nifty 50 4H chart study, happy to be corrected if you are reading it differently.
Nifty is trading around 23,341 on the 4H timeframe after a steady decline from the early-August high near 24,600.
What the chart is showing:
Price has pulled back into the previous support zone (roughly 23,000–23,100), the same band that acted as a base in early-to-mid June. So far it has held, and the last few candles have stabilised above it.
The trend indicator has flipped to the sell side, with the trailing band sitting near 23,600. That lines up almost exactly with the horizontal resistance drawn at 23,600, so it becomes a fairly clean line in the sand.
Above 23,600, the next meaningful supply area is the previous resistance zone around 24,400–24,600, which capped the index twice in early July and again in early August.
How I'm reading it:
As long as 23,000–23,100 holds, the structure looks like a pullback into demand rather than a breakdown. A sustained 4H close above 23,600 would be the first sign that the sellers are losing grip, and in that case the 24,400–24,600 zone is the logical area price would look to revisit.
On the other side, a decisive close below 23,000 would invalidate this view and shift the focus lower. In this case, we can consider 22,600 to 22,400 zone as a support zone breakdown target, which is actually the larger swing low index made in month of April 2025.
This idea is meant for only learning purpose.
Regards, Amit. 
Long
SENSEX Weekly Analysis [21 Sep - 25 Sep, 2026]Probable Price Structure and Scenario Analysis for the SENSEX BSE:SENSEX Index. It is a weekly analysis (21st to 25th of September, 2026).
🟢 Bullish Scenario
Presently, there is no bullish scenario. The main trend is bearish. All the upmoves should be viewed with suspicion. But there are signs of a trend reversal. There is a possibility of a "Dead Cat Bounce." If the price sustains above 74750, then a weak bullish target would be 75000. Next, if the price sustains above 75000, then a mild bullish move might be observed. The probable mild bullish move above 75000 would be - 75250 and 75500. There will be strong resistance at 75500. Lastly, if the price sustains above 75500, then a strong bullish move might emerge. The probable strong bullish targets above 75500 would be - 75750, 76000, 76250, and 76500.
🔴 Bearish Scenario
Presently, the price is in a bearish to indecision zone. However, level 74250 might offer strong support. If the price breaks down below 74250, then stay bearish. The first target might be 74000. Level 74000 is a weak support level. Next, strong selling might be observed if the price breaks down below 74000. The probable bearish targets below 74000 would be - 73750 and 73500. There will be strong support at 73500. Lastly, if the price breaks down below 73500, then the probable bearish targets would be - 73250, 73000, and 72750.
🟡 No Trading Zone (NTZ): (74750 - 74250).
⏺ Minor Range of Consolidation (Mi-ROC): (75000 - 74000).
Here, 74500 is the median of the ROC. The median works like a trading session sentiment evaluator. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment within the ROC.
⏺ Major Range of Consolidation (Ma-ROC): (75500 - 73500).
Here, 74500 is the median of the ROC. The median works like a trading session sentiment evaluator. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment within the ROC.
● Event
There's no high-impact event this week. There's no holiday this week. However, geopolitical issues are omnipresent and beyond our control.
● Intraday, Weekly, and Monthly Bias
Establish bias with respect to the opening price (of the particular session - Intraday, Weekly, and Monthly). If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! Nifty Intraday Outlook for 21-09-2026📊 **NIFTY 15-Min: Recovery Structure Faces Key Breakout Resistance**
NIFTY has recovered from the recent lower levels and is holding above its short-term moving-average structure.
However, the latest rally was rejected near 23,390, making this the key resistance for today's next directional move.
Price is currently positioned between 23,310 support and 23,390 resistance.
---
📌 **Important Levels**
Resistance:
• 23,365
• 23,390
Upside Targets:
• 23,420
• 23,450
• 23,540
Support:
• 23,310-23,300
Downside Targets:
• 23,250
• 23,200
• 23,120
---
📉 **Bearish Plan**
If NIFTY rejects from 23,365–23,390:
• PE after bearish confirmation
• Prefer rejection + lower-high formation
• Targets: 23,330 / 23,310 / 23,290
Below 23,310:
• Recovery structure starts weakening
• Prefer breakdown + failed reclaim
• Targets: 23,290 / 23,250 / 23,195
Below 23,200:
• Stronger bearish continuation becomes possible
• Next major support: 23,120
Do not chase PE directly into an important support after an extended red candle.
---
📈 **Bullish Plan**
CE only after NIFTY breaks and sustains above 23,390.
Targets:
• 23,420
• 23,450
• 23,540
Above 23,450, the recovery structure becomes considerably stronger.
A move above resistance should preferably be followed by a successful retest rather than a single breakout wick.
---
🌍 **Market Context**
GIFT Nifty indicates a largely flat-to-cautious opening.
Brent crude has fallen toward $102 as hopes of renewed US-Iran diplomacy and improving Middle East oil flows provide some relief.
Asian markets are mostly positive, but global bond yields remain elevated as expectations of further US rate hikes continue.
Foreign investors returned to net buying in the previous session, although September remains a month of significant foreign outflows.
---
✅ **Final View**
Above 23,390 → bullish continuation
Above 23,450 → recovery strengthens
Reject 23,365–23,390 → sellers regain the advantage
Hold 23,310 → recovery remains intact
Below 23,310 → bearish pressure increases
Below 23,195 → downside momentum strengthens
Inside 23,320–23,365 → WAIT
Educational analysis only. Trade with confirmation and disciplined risk management.
share your views in comments !
#NIFTY Intraday Support and Resistance Levels - 21/09/2026Nifty is expected to open flat around the 23300–23,350 zone, placing the index between an important support and resistance area. The recent recovery from the 23150–23200 region has improved the short-term structure, but Nifty still needs to sustain above key resistance levels to build stronger bullish momentum. If the index holds the 23250–23300 zone, buyers may attempt to push prices toward 23350, 23400 and 23450. A sustained breakout above 23450 could strengthen the recovery, while a stronger move above 23550 may open the way toward 23650, 23700 and 23750+.
On the downside, the 23400–23450 zone remains an important area where selling pressure could return. If Nifty gets rejected from this region, it may again move toward 23350, 23300 and 23250. A decisive breakdown below 23200 would weaken the recovery structure and could extend the decline toward 23100, 23050 and 23000. Since the expected flat opening is almost in the middle of the broader 23250–23450 range, traders should avoid aggressively chasing the initial move and wait for confirmation near the important levels. For today, 23250 is the key support area, while 23450 remains the immediate resistance and breakout level.
CNXENERGY - Important Support Zone TestCNXENERGY had earlier given a breakout above the 36,500–37,000 zone and rallied strongly towards 41,828. After that, price formed a corrective LH–LL structure and eventually returned to the previous breakout zone.
Now, 36,500–37,000 is acting as support, and price has started recovering from this area.
Key Levels
36,500–37,000: Major support / previous resistance
38,000: Immediate confirmation level
39,100: Important swing resistance
39,800-40,000: Next resistance zone
41,828: Previous high
If price sustains above 38,000 and subsequently breaks 39,100, the bullish structure could strengthen.
However, if 37,000 breaks decisively, the next important zones are around 35,600–36,000, followed by 34,800-400.
For now, CNXENERGY is at an important decision zone. Keep eyes on it.
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📌 For learning and educational purposes only, not a recommendation. Please consult your financial advisor before investing.
#BANKNIFTY Intraday PE & CE Levels(21/09/2026)Bank Nifty is expected to open flat around the 56350–56400 zone. The index has recovered from the 56050 support area and is now approaching the important 56400–56550 resistance zone. With price near 56350, the opening is likely to place Bank Nifty between immediate support and resistance, making confirmation important before taking a directional view.
On the bullish side, if Bank Nifty holds above 56050–56100, the recovery structure remains intact. Sustaining higher can take the index toward 56250, 56350 and 56450. The bigger confirmation would come above 56550; a sustained breakout there can open the next upside move toward 56750, 56850 and 56950+.
On the bearish side, 56400–56450 is an important rejection zone. If Bank Nifty fails to cross this area and selling pressure develops, the index can move back toward 56250, 56150 and 56050. A decisive breakdown below 55950 would indicate stronger weakness and can extend the decline toward 55750, 55650 and 55550.
For today's session, the broader 56050–56550 range remains crucial. Since the market is expected to open around the middle-to-upper part of this range, traders should be cautious about chasing the initial move. NIFTY : Expiry Trading levels and explained plan | 22-Sep-2026🗓️ Date: 22-Sep-2026 | NIFTY WEEKLY EXPIRY
⏱️ Timeframe: 15 Minutes
📍 Previous Close: 23,428.90
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🎯 KEY LEVELS FOR TOMORROW
🟥 Major Resistance Zone: 23,574 – 23,598
🔴 Extended Intraday Resistance: 23,633
🟧 Opening / Last Intraday Resistance: 23,436 – 23,428
🟩 Opening Support – Gap Down Case: 23,287
🟢 Last Intraday Support: 23,191
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⚠️ EXPIRY DAY MINDSET
Tomorrow is NIFTY weekly expiry. Expiry sessions can produce fast price expansion, sharp reversals and false breakouts.
The objective is NOT to predict every move.
The objective is to wait for price confirmation at predefined levels and participate only when the risk-to-reward is clearly favourable.
Rule for tomorrow:
"No confirmation = No trade."
Do not allow the first move of the market to decide your bias. Let price establish itself around the important levels first.
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🟦 CASE 1 — FLAT OPENING
Expected Opening Points: -50 to +50 approximately
The most important reference area remains:
🟧 23,436 – 23,428
Bullish Scenario:
If price sustains above 23,436–23,428 and forms a bullish confirmation on the 15-minute chart:
➡️ Look for a move towards 23,500 → 23,574
If 23,574–23,598 is broken with proper acceptance:
➡️ 23,633 becomes the extended resistance zone.
Do not chase a breakout candle.
Prefer:
Break → Retest → Confirmation → Entry
Bearish Scenario:
If price repeatedly fails around 23,436–23,428 and sellers gain control:
➡️ Downside can open towards 23,287
If 23,287 fails decisively:
➡️ Next important support: 23,191
Important: A flat opening does NOT mean immediate range trading. Wait for the market to reveal whether 23,428 acts as support or resistance.
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🟢 CASE 2 — GAP-UP OPENING
Gap-Up Definition: Opening approximately 100+ points above the previous close.
100-point gap-up reference ≈ 23,529+
A gap-up can directly bring price into the 🟥 23,574–23,598 resistance zone.
Scenario A — Gap-Up Below Major Resistance
If the market opens above 23,529 but below 23,574:
Do NOT buy simply because the market has opened strongly.
Wait for:
• Opening range formation
• 15-minute confirmation
• Break and retest
• Sustained buying above resistance
If price accepts above 23,598:
➡️ 23,633 becomes the next reference level.
Scenario B — Direct Opening Inside 23,574–23,598
This is a high-risk chasing zone.
Do not blindly buy at the open.
If price rejects the zone:
➡️ Watch 23,436–23,428 as the first downside reference.
If 23,428 fails:
➡️ 23,287 becomes the next important support.
Scenario C — Strong Gap-Up Above 23,633
Do not assume that a large gap automatically means continuation.
First observe whether price:
Accepts above 23,633
or
Rejects back below 23,633.
For sustained bullish continuation, wait for price acceptance rather than buying the first spike.
Expiry Rule:
🚫 Avoid chasing a large gap-up candle.
A gap-up can create FOMO. Let the market prove the direction first.
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🔻 CASE 3 — GAP-DOWN OPENING
Gap-Down Definition: Opening approximately 100+ points below the previous close.
100-point gap-down reference ≈ 23,329 or below
The first important reference becomes:
🟩 23,287
Scenario A — Gap-Down Around 23,287
If price opens close to 23,287:
Do not immediately short into support.
Wait for:
• Support test
• Rejection or breakdown
• 15-minute confirmation
If 23,287 holds and buyers reclaim the opening range:
➡️ Possible recovery towards 23,328 → 23,428
If 23,428 is reclaimed and sustained:
➡️ The market can again test the higher resistance zone.
Scenario B — Clean Breakdown Below 23,287
If 23,287 breaks with strong selling pressure and a 15-minute candle confirms below the level:
➡️ Next major reference: 23,191
Do not enter after an extended bearish candle.
Prefer:
Breakdown → Retest → Failure → Continuation
Scenario C — Gap-Down Below 23,191
If the market opens significantly below 23,191:
Do not assume that the market must continue falling.
Large gaps can produce sharp short-covering/reversal moves.
Wait for:
Opening Range → Retest → Confirmation
Avoid selling purely because the screen is red.
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🔄 THE MOST IMPORTANT REVERSAL LOGIC
The same level can change its role.
For example:
Above 23,428 + acceptance
⬇️
Potential support
Below 23,428 + rejection on retest
⬇️
Potential resistance
This is why entering only because price touches a level is dangerous.
The reaction around the level is more important than the level itself.
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📈 BULLISH STRUCTURE
For a meaningful intraday bullish setup, look for:
23,428 reclaim/hold
↓
Higher Low
↓
Break of local resistance
↓
15-minute confirmation
↓
Retest
↓
Continuation
Upside references:
🎯 23,500
🎯 23,574–23,598
🎯 23,633
The further price moves without a proper pullback, the more important it becomes to avoid chasing.
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📉 BEARISH STRUCTURE
For a meaningful bearish setup, look for:
Failure around resistance
↓
Lower High
↓
Break of support
↓
15-minute confirmation
↓
Retest failure
↓
Continuation
Downside references:
🎯 23,287
🎯 23,191
A breakdown without confirmation can become a trap, particularly during expiry.
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🧠 FEAR & GREED MANAGEMENT — EXPIRY DAY
1️⃣ Do not chase the first candle.
The first move can create excitement or fear. Your job is to observe first.
2️⃣ Never increase position size because the market is moving fast.
Fast movement does not automatically mean a better trade.
3️⃣ Do not revenge trade.
One stopped-out trade does not need to be recovered immediately.
4️⃣ Do not convert a trade into an investment.
If the predefined invalidation level is hit, respect the risk.
5️⃣ Avoid FOMO.
If price moves without your entry, let it go. There will always be another setup.
6️⃣ Avoid overtrading.
Expiry can create multiple apparent breakouts and reversals. More trades ≠ better trading.
7️⃣ Protect your mental capital.
If you become emotionally attached to a direction, stop trading temporarily and reassess the chart.
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🛡️ RISK MANAGEMENT RULES
• Risk only a small, predefined portion of trading capital per setup.
• Define the invalidation level BEFORE entering.
• Never widen the Stop Loss simply to avoid booking a loss.
• Avoid averaging a losing intraday position without a predefined strategy.
• Maintain a minimum acceptable Risk:Reward before entering.
• After a strong impulse move, wait for a structured pullback rather than chasing.
• Reduce position size when volatility expands.
• If there is no clean setup, staying out is also a valid trading decision.
Capital preservation comes before profit maximisation.
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🚦 EXPIRY DAY TRADE FILTER
Before entering any trade, ask:
☑️ Is price at an important predefined level?
☑️ Has the level actually broken or held?
☑️ Is there a 15-minute confirmation?
☑️ Is the setup offering acceptable Risk:Reward?
☑️ Is my Stop Loss technically defined?
☑️ Am I entering because of a setup or because of FOMO?
☑️ If this trade hits SL, will I still be comfortable following my plan?
If the answer to these questions is not clear:
NO TRADE.
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📌 MASTER PLAN FOR 22-SEP-2026
🟢 Above 23,598 + acceptance: Watch for continuation towards 23,633.
🟥 23,574–23,598 rejection: Watch for a move back towards 23,436–23,428.
🟧 23,436–23,428: Key decision zone.
🟩 Below 23,428 + confirmation: Watch 23,287.
🔴 Below 23,287 + confirmation: Watch 23,191.
Remember: These are reference levels, not automatic buy/sell signals.
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📚 EDUCATIONAL TAKEAWAY
The purpose of a trading plan is not to predict exactly where NIFTY will go.
A professional plan defines:
WHERE the market may react,
WHEN confirmation is required,
HOW risk will be controlled,
and
WHEN NOT TO TRADE.
The market does not owe us a trade every day.
Our responsibility is to wait for a setup that matches our rules.
Plan the trade.
Wait for confirmation.
Control the risk.
Accept the outcome.
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⚠️ DISCLAIMER
This content is created strictly for educational and informational purposes and represents my personal market observations and technical analysis.
I am NOT a SEBI-registered Research Analyst or Investment Adviser.
Nothing contained in this post should be construed as investment advice, a recommendation, solicitation, or an offer to buy or sell any security or derivative.
Trading in Futures & Options involves substantial risk and may result in significant financial losses. Please conduct your own research, understand the risks involved, and consult a SEBI-registered professional before making investment or trading decisions.
Trade with a plan. Manage your risk. Never trade with borrowed conviction. Long 
NIFTY: Two-Sided Trading Plan for Tomorrow | Bearish BiasNIFTY closed at 23,270.60, below the important 50% Fibonacci level at 23,354.50. For tomorrow, the 23,335–23,355 zone is the key decision area.
Why is this a No Trade Zone?
This zone is important because the POC of the last two sessions has been developing around this area, showing significant trading activity.
Additionally, today's high was unable to clear this zone, which makes it an important resistance/decision area.
For this reason, I would avoid taking a trade blindly inside 23,335–23,355. Let price show acceptance or rejection first.
🔴 Bearish Scenario — Preferred Bias
The Developing POC is around 23,287.35.
If NIFTY gives a 15-minute candle close below 23,287 and sustains below the POC, it can provide confirmation for the bearish scenario.
T 1 - 23,255
T 2 - 23,218
T 3 - 23,198–23,180
The key point is that a temporary move below POC is not enough — wait for the 15-minute candle confirmation.
🟢 Bullish Scenario — Confirmation Required
If NIFTY reclaims 23,355–23,360 and gives a 15-minute candle close above the No Trade Zone:
T1 - 23,375–23,400
T2 - 23,410
T3 - 23,480 — 23.6% Fibonacci
Sustained acceptance above the zone would weaken the immediate bearish structure.
Gap-Up / Gap-Down Plan
GAP-UP: Don't chase the opening move. Wait for a retracement toward 23,335–23,355. If the zone holds as support and price confirms strength, the bullish scenario can be considered.
GAP-DOWN: Don't chase the first sell-off. Wait for a retracement toward the No Trade Zone. If the zone acts as resistance and price rejects it, bearish continuation can be considered.
Key Levels
23,480.35 — 23.6% Fib
23,410.75 — 38.2% Fib
23,354.50 — 50% Fib / Key decision level
23,335–23,355 — No Trade Zone
23,287.35 — Developing POC / Bearish trigger
23,218.10 — Lower reference
23,116.10 — Recent swing low
⚡ Tomorrow's Plan
BUY: Confirmation above 23,355–23,360
SELL: Confirmation below 23,287, or rejection from the No Trade Zone after a gap
AVOID: Chasing the initial gap or trading blindly inside 23,335–23,355
Personal bias: Bearish.
But the market decides — let price confirm the direction.
Educational market structure and trading plan for discussion only. Not investment advice. Education 
NIFTY — Falling Wedge Breakout Setup, 2-3 Day ViewOverview
Nifty is trading at 23,428.90, consolidating after breaking out of a falling wedge pattern that formed over the past couple of weeks. Price has climbed from a low of 23,116.10, and is now testing a decision zone between 23,372 and 23,467, setting up a two-way trade for the next 2-3 sessions.
Pattern Explanation
The falling wedge, visible on the 15-minute chart, formed a clear lower-high, lower-low structure before price broke above the upper trendline near 23,350-23,400. Since then, price has been consolidating just under Resistance 23,593, the immediate hurdle for continuation. A clean move above this zone would open the path toward the 23,717–23,890 resistance cluster.
Trade Setup
Bullish Scenario
Trigger: Buy above 23,467
Target 1: 23,593
Target 2: 23,717
Target 3: 23,890
Stop Loss: 23,372
Bearish Scenario
Trigger: Sell below 23,372
Target 1: 23,231 (Support)
Target 2: 23,116 (recent low)
Stop Loss: 23,467
Key Levels
Resistance: 23,593, then 23,717, then 23,890, then 24,143
Support: 23,372, then 23,231, then 23,116
Major Support: 23,070
Beginner's Lesson
A breakout from a falling wedge is often followed by a period of consolidation right near the breakout zone, before the actual trending move begins. This "buy above / sell below" range setup lets you plan for both outcomes in advance, so you're ready to act whichever way price resolves, rather than reacting emotionally in the moment.
Conclusion
Nifty is consolidating right at the falling wedge breakout zone, with a clear buy-above and sell-below setup for the next 2-3 sessions. A move above 23,467 favors continuation toward 23,593–23,890. A slip below 23,372 would suggest a retest of support at 23,231 and 23,116 first.
This is for educational purposes only and not investment advice. Please do your own research or consult a financial advisor before making any trading decisions. Long 
