NIFTY 50 – WEEKLY CHART ANALYSIS🔻 Key observations
Inverted Cup & Handle: The rounded top followed by the handle structure has broken on the downside.
Breakdown + Retest: The broken trendline/neckline has been retested and price is currently moving lower.
Current zone: NIFTY is around 23,346, below the broken structure.
Bearish Order Block (Red Zone) : 25,600–26,400 — major supply/resistance zone.
Bullish Order Block (Green Zone which is by mistakenly written Blue zone) : 22,200–22,650 — important demand/support zone.
Structure: Lower highs are developing after rejection from the 24,000–24,400 region.
📉 Downside scenario
If NIFTY continues to sustain below the broken structure, the 22,650–22,200 bullish order block becomes the key area to watch.
A decisive breakdown below 22,200 would weaken the bullish order-block structure further and could expose lower levels.
🔄 What would invalidate the bearish structure?
A sustained recovery back above the 24,000–24,400 region would require reassessment of the inverted Cup & Handle breakdown. A stronger reversal signal would come if price subsequently reclaims the broken trendline and forms higher highs.
For the weekly chart, the 22,200–22,650 zone is the major area to watch for a potential reaction, while 24,000–24,400 is the important recovery zone.
DISCLAIMER :
This content is based solely on my personal technical analysis and study of the chart. It is shared for educational and informational purposes only.
This is not financial, investment, or trading advice, and it is not a recommendation to buy or sell any security, index, futures, or options contract.
Please do your own research and analysis before taking any trade. Market conditions can change rapidly, and the levels, patterns, targets, and scenarios may become invalid as price action develops.
Trading involves substantial risk, including the possibility of losing your invested capital. Past performance does not guarantee future results.
Do not trade solely based on this analysis. Consider consulting a qualified financial advisor before making investment decisions.
Trade with logic. Risk with discipline.
Logic Trade Room
Market indices
NIFTY — Bounce Off Major Support, Testing Resistance LadderOverview
Nifty closed the week at 23,346.40, down 51.70 points or 0.22%, a much smaller decline than recent weeks. Price tested Support 23,231 and held above Major Support (23,070), the confluence zone flagged last week, and has since stabilized within a tight range.
Follow-up on Last Week's View
Last week we flagged the Trendline + 0.618 Fib confluence (23,172) breaking down, with Major Support (23,070) as the next target. That level came close to being tested, with the low landing at 23,116.10, just above Major Support, before buyers stepped in. This week's price action shows the selling pressure easing, with a much smaller weekly decline compared to the prior sharp drops.
Pattern Explanation
Price is now building a small base just above Support 23,231, with a resistance ladder forming overhead: 23,593, then 23,890, then 24,143, and finally the bigger Resistance zone (24,360–24,601.70). Each of these levels will need to be cleared in sequence for the broader downtrend to be meaningfully challenged. The longer-term Rising Wedge breakdown context still applies, so this stabilization needs to be treated as a potential pause rather than a confirmed reversal until more resistance levels are reclaimed.
Key Levels
Resistance Zone: 24,360–24,601.70
Resistance 3: 24,143
Resistance 2: 23,890
Resistance 1: 23,593
Support: 23,231
Major Support: 23,070
Scenarios
Bullish: If Nifty reclaims 23,593 with strength, it would suggest this stabilization is turning into a genuine recovery attempt, opening the path toward 23,890 and 24,143.
Bearish: If Nifty breaks below Support 23,231 and Major Support (23,070), it would confirm the broader downtrend is resuming, with the 0.786 Fib (22,737) as the next level to watch.
Beginner's Lesson
After a sharp decline, a week (or two) of smaller, tighter candles often signals sellers are running out of momentum, at least temporarily. This doesn't automatically mean a trend reversal, it could just be a pause before the next move. The way to tell the difference is watching how price behaves at the first real resistance test, a strong reclaim suggests genuine buying interest, while a weak bounce and quick rejection suggests the pause is just that, a pause.
Conclusion
Nifty is showing early signs of stabilization after a sharp multi-week decline, holding above Major Support and testing a ladder of resistance levels above. A reclaim of 23,593 would be the first sign of a genuine recovery attempt. A break below 23,231 and 23,070 would confirm the downtrend is still in control. This remains a level-to-level market, with the next couple of weeks likely to clarify which scenario is playing out.
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.
Trading Road Mapoptions trading and institutional trading are important parts of modern financial markets. Options trading offers flexibility and opportunities for profit, while institutional trading provides liquidity and stability to the market. However, beginners should learn market concepts carefully before entering options trading because losses can occur quickly without proper knowledge and risk management. Education, practice, and disciplined investing are essential for long-term success in trading.
NIFTY WEEKLY OUTLOOK 21–25 September 2026### NIFTY WEEKLY OUTLOOK
**21–25 September 2026**
NIFTY broke below the important support level of **23,230** last week and declined to a low of **23,118**, before recovering nearly **230 points** from the low.
The index has closed in the green for the **last three trading sessions**, indicating some buying interest at lower levels. However, the recent candlestick formations continue to indicate **indecision**, with no clear directional confirmation yet.
NIFTY has now declined for **seven consecutive weeks**. After such a prolonged decline, a **pullback rally cannot be ruled out**, particularly if there is some stabilisation or a pause in geopolitical developments. However, the sustainability of any recovery will need to be confirmed by price action.
From a pivot perspective, NIFTY is still trading **below the monthly pivot level** and closed the week close to the **next week's pivot level of 23,351**. This makes the **23,351–23,600** zone important to watch for any attempt at a meaningful recovery.
For the coming week, **23,600 on the upside and 23,070 on the downside** remain the key levels. A decisive breakout or breakdown from this range could provide better clarity regarding the next directional move.
### BUY LEVELS
**Buy above 23,593**
**Targets:**
23,720 → 23,850 → 23,920
### SELL LEVELS
**Sell below 23,115**
**Targets:**
23,075 → 23,010 → 22,890
### KEY LEVELS TO WATCH
* **23,600:** A decisive move above this level could strengthen the possibility of a pullback.
* **23,351:** Next week's pivot level and an important intermediate level to watch.
* **23,070:** A break below this level could indicate renewed downside pressure.
* **23,070–23,600:** A sustained move within this range may result in continued consolidation and indecisive price action.
After seven consecutive weekly declines, the possibility of a **technical pullback** remains. However, traders should watch price action carefully, particularly around the pivot and breakout/breakdown levels, before taking directional positions.
### RISK DISCLAIMER
The above analysis is based on technical indicators, price action and market structure and is provided **solely for educational and informational purposes**. It should not be construed as investment advice, a recommendation, or a solicitation to buy or sell NIFTY, futures, options or any other financial instrument.
**I am not registered with SEBI as an Investment Adviser or Research Analyst.** This analysis represents my personal market observations and should not be considered personalised investment advice.
Trading in derivatives involves substantial risk and can result in significant losses, including losses exceeding the initial capital. Past price behaviour does not guarantee future results. Readers and traders should conduct their own research, assess their risk tolerance, use appropriate position sizing and stop-losses, and consult a **SEBI-registered investment adviser or research analyst** before making investment decisions.
Stop Forcing Trades to Meet a Monthly Profit Goal📊 Why Monthly Profit Expectations Can Distort Daily Decisions
Many traders begin the month with a number:
“Make 10%.”
“Earn 50,000.”
“Average 2,000 per day.”
Goals are not automatically bad. But problems begin when a monthly target becomes a daily trading quota.
---------------------------------
📊 Markets Do Not Pay Salaries
Trading returns do not arrive evenly.
A profitable month may include:
• Winning days
• Losing days
• Flat days
• No-trade days
Your edge plays out across a series of trades. Not as a fixed amount every day.
---------------------------------
📊 Being Behind Target Creates Pressure
Suppose your monthly goal is:
+10R
But halfway through the month you are only at:
+2R.
You may start thinking:
“I am behind.”
That can create:
• More trades
• Bigger quantity
• Earlier entries
• Lower-quality setups
• Chasing
Now the target is changing your process.
---------------------------------
📊 Being Ahead Can Be Dangerous Too
Suppose you reach your monthly target early.
You may think:
“I have a cushion.”
Then you:
• Lower setup standards
• Experiment with trades
• Increase frequency
• Take more risk
Being ahead can create overconfidence just as being behind creates pressure.
---------------------------------
📊 Daily Opportunity Is Not Constant
Some sessions may offer: 3 clean setups.
Some may offer: 1.
Some may offer: 0.
Trade frequency should come from opportunity quality. Not from how much money you still want to make this month.
---------------------------------
📊 Watch for P&L Anchoring
If you think:
“I need 3,000 today,”
you may book a good trade early at +2,500... or force another trade after a loss simply to finish green.
Now P&L is controlling trade management.
Manage the trade using:
• Structure
• Target
• Invalidation
• Risk
—not your monthly spreadsheet.
---------------------------------
📊 Options Traders Need Extra Discipline
When traders are behind target, fast-moving options can look like a shortcut.
This often leads to:
• Far OTM trades
• Oversized expiry bets
• Zero-to-hero attempts
• Chasing expanded premiums
Monthly pressure + leverage can become dangerous very quickly.
---------------------------------
📊 Use Process Goals Instead
Instead of:
❌ “I must make 10% this month.”
Focus on:
✅ Take only A-grade setups
✅ Risk consistently
✅ Respect every stop
✅ Avoid no-trade zones
✅ Journal every trade
These are behaviours you can actually control.
---------------------------------
📊 Use a Monthly Risk Plan
A professional monthly framework can define:
• Risk per trade
• Maximum daily loss
• Weekly drawdown limit
• Monthly drawdown limit
This controls what matters most:
**Survival and discipline.**
It does not force the market to produce profit on your schedule.
---------------------------------
📊 Ask One Powerful Question
Before taking a trade:
**“Would I take this setup if I had no monthly profit target?”**
If yes:
Evaluate it normally.
If no:
Your monthly expectation may be distorting the decision.
---------------------------------
📊 Simple Formula
Monthly Target + Daily Quota + Income Pressure
= Forced Trading
But:
Monthly Risk Plan + Daily Process + Flexible Outcomes
= Professional Execution
---------------------------------
📊 Finally, the important point to note is:
A monthly target should be a review tool. Not a daily obligation.
Do not ask:
“How much do I still need to make this month?”
Ask:
“What valid opportunity is the market offering today?”
Let opportunity determine your trades. Let consistency determine your results.
---------------------------------
Educational Purpose Only. Learn stock markets at its best take efforts spend some of your earnings for quality education because its the only way to survive in the markets.
Nifty 50 Weekly Analysis [21 Sep - 25 Sep, 2026]Probable Price Structure and Scenario Analysis for the Nifty 50. 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 doubted. But there are signs of a trend reversal. There is a possibility of a "Dead Cat Bounce." If the price sustains above 23400, then weak bullish moves can be observed. The probable weak bullish targets above 23400 are - 23450 and 23500. There will be strong resistance at the 23500 level. Next, if the price breaks out above 23500, then a strong bullish move can be observed. The probable strong bullish targets above 23500 are - 23550, 23600, 23650, and 23700.
🔴 Bearish Scenario
Presently, the price is in a bearish to indecision zone. However, level 23250 might offer strong support. If the price breaks down below 23250, then stay bearish. The first target might be 23200. Level 23200 is a weak support level. Next, strong selling might be observed if the price breaks down below 23200. The probable bearish targets below 23200 are - 23150, 23100, 23050, and 23000. The zone (23050 - 23000) is a strong support zone (SSZ)/
🟡 No Trading Zone (NTZ): (23400 - 23250).
⏺ Range of Consolidation (ROC): (23500 - 23000).
Here, 23250 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!
The Expiry Addiction: Why Traders Keep Coming Back After Losing?There is something strange about expiry trading.
A trader loses money on one expiry, promises himself, “Next expiry I will be more disciplined.”
Then the next expiry comes...
Same screen. Same fast candles. Same option premiums. And somehow, the trader is back again.
The problem is not always the strategy. Sometimes it is the behaviour created by expiry itself.
Fast Results :— Expiry can give very quick profits, which makes the brain expect quick results again.
Cheap Premium Looks Attractive :— Far OTM options can look affordable, but a low premium does not automatically mean low risk.
Revenge Trading :— After taking a loss, traders often feel the need to recover it on the same day or the next expiry.
FOMO :— One big move can make you think, “Agar ye trade liya hota...” and that thought brings you back.
Overconfidence After One Big Win :— One successful expiry can create the belief that expiry trading is easy.
And this creates a dangerous cycle:
Loss → Revenge → Overtrading → Another Loss → “Next expiry I will recover”
The cycle continues.
The biggest mistake is thinking that every expiry is an opportunity that must be traded.
It isn't.
Some expiry days will give clean setups. Some will give nothing but noise, rapid premium repricing and emotional decisions.
A professional trader understands that not trading an expiry is also a trading decision.
Before taking another expiry trade, ask yourself:
“Am I trading this setup, or am I trying to recover my previous loss?”
That one question can completely change your decision-making.
The goal is not to win every expiry.
The goal is to stop needing every expiry to win.
Expiry should be treated as a specific market condition, not as a daily source of excitement, recovery or quick money.
If the setup is there, trade it.
If the setup is not there, protect your capital and walk away.
Final Thought:
The real danger is not losing one expiry.
It is losing an expiry, then becoming emotionally attached to the next one.
Don't let one loss create a trading habit that costs you many more.
I’m bringing more practical NIFTY and options trading lessons in this series. If you guys love it, boost it and I’ll definitely bring the next chapter.
By— @TraderRahulPal
NIFTY : Narrow Range | Trading Plan | 21-Sep-2026NIFTY 50 INTRADAY TRADING PLAN — 21 SEP 2026
Prev. Close: 23,341.75 | Timeframe: 15 Min
━━━━━━━━━━━━━━━━━━
KEY LEVELS
🔴 Last Intraday Resistance: 23,574–23,633
🟠 Opening Resistance: 23,436
🟡 Opening Support: 23,319
🟢 Last Intraday Support: 23,173
🔵 Consolidation Zone: 23,042–23,081
Decision Zone: 23,319–23,436
━━━━━━━━━━━━━━━━━━
📈 GAP UP — 100+ POINTS
If NIFTY opens around/above 23,442 :
➡️ Don't chase the opening candle.
➡️ Sustained acceptance above 23,436 can open the path toward 23,574–23,633 .
➡️ If price rejects 23,436 and falls back below it, avoid aggressive longs and wait for fresh confirmation.
Key idea: Gap Up ≠ automatic buy. Wait for acceptance.
━━━━━━━━━━━━━━━━━━
➡️ FLAT OPENING
If NIFTY opens around 23,319–23,436 :
🟢 Above 23,436 + 15-min confirmation → upside focus 23,574–23,633.
🔴 Below 23,319 + confirmation → downside focus 23,173.
⚠️ Inside 23,319–23,436 → avoid overtrading; wait for a clear breakout/breakdown.
━━━━━━━━━━━━━━━━━━
📉 GAP DOWN — 100+ POINTS
A 100-point gap-down reference is around 23,242 .
➡️ Don't chase the first red candle.
➡️ Sustained breakdown below 23,173 can bring 23,042–23,081 into focus.
➡️ If price quickly reclaims 23,173 and then 23,319, watch for a recovery setup instead of blindly holding shorts.
Key idea: Gap Down ≠ automatic sell.
━━━━━━━━━━━━━━━━━━
⏱️ FIRST 15–30 MINUTES
Let the opening volatility settle.
Wait → Confirm → Execute → Manage Risk
A level should ideally be supported by candle closing, retest and price-action confirmation rather than a simple touch.
━━━━━━━━━━━━━━━━━━
⚠️ OPTIONS RISK MANAGEMENT
• Define SL before entry.
• Keep position size small and controlled.
• Don't chase expanded option premiums.
• Respect the NIFTY spot level, not just option premium movement.
• Avoid revenge trading after a loss.
• Set a maximum daily loss limit.
• Remember: option buyers face time decay and volatility risk.
━━━━━━━━━━━━━━━━━━
SUMMARY
Above 23,436 → Watch for 23,574–23,633.
23,319–23,436 → Decision/No-Trade Zone; wait for confirmation.
Below 23,319 → Watch 23,173 → 23,042–23,081.
The gap tells us where the market opens; price action tells us what to do next.
━━━━━━━━━━━━━━━━━━
DISCLAIMER
This trading plan is for educational and informational purposes only.
I am not a SEBI Registered Analyst.
This is not investment advice or a recommendation to buy or sell any security or derivative. F&O and options trading involve substantial risk and can result in significant losses. Please conduct your own research and consult a SEBI-registered professional before making financial decisions.
Global Financial MarketsGlobal financial markets are systems where people, companies, and governments buy and sell financial assets across the world. They help move money from those who have extra funds to those who need funds.
Main Types of Global Financial Markets:
Stock Markets – Buying and selling shares of companies (e.g., NYSE, NSE).
Bond Markets – Governments and companies borrow money by issuing bonds.
Foreign Exchange (Forex) Markets – Trading currencies like USD, EUR, INR.
Commodity Markets – Trading gold, oil, wheat, etc.
Money Markets – Short-term borrowing and lending.
Derivatives Markets – Contracts based on assets like stocks or currencies.
Importance:
Provide funds for business growth
Support international trade
Create investment opportunities
Help manage financial risks
Affect global economies
Example:
If the US stock market falls sharply, markets in Asia and Europe may also be affected because markets are connected globally.
Nifty Huge Breakout - UP-DOWNHi,
Hope you have gone through my previous posted idea on Sensex which was so accurate.
Coming to Nifty 50 as per chart we see from last 3 trading session market trading in the bullish pattern with caution and today, we see that there was no noise in the market, it clearly indicates that there will be big movement expected in the market as traders are not in mood to sell any PE or CE holdings in market both sides.
There are chances to open huge gap up or gap down due to the following reasons -
1. I have seen the same pattern in one of the months, were as per 3 days candle pattern, the market made Gap UP opening by 0.80% it comes approx. 200+ points.
2. If the market breaks the support level i.e. if it opens 23250 below, then we will see huge selling, and it will bring down to 22975 - 23100 levels.
Hot Zone - keeping in mind of today's market it will be two possibilities as below;
1. 23400 - 23800 - Bullish
2. 23100 - 23500 - Bearish
Thank you
NIFTY- Swing trade levels :- 21st September 2026If NIFTY sustain above 24510/20 above this bullish then 23580/90 above this more bullish then 23758/68 or 24137/47 very strong range above this wait more levels marked on chart.
If NIFTY sustain below 23279/59 below this bearish then 23195/84 then 23092/23081 then 22945/34 strong level below this more bearish then 22674/63 very strong level and last hope.
My view :-
"My viewpoint, offered purely for analytical consideration, sell on the rise.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
NIFTY — Wedge Breakdown Confirmed, Major swing Support in FocusOverview
Nifty closed the week at 23,398.10, down 499.60 points or 2.09%, extending the sharp breakdown from recent weeks. Price has now broken decisively below the entire wedge structure and multiple support zones, with the multi-month rising trendline support the next major level in sight.
Follow-up on Last Week's View
Last week we flagged Nifty needing strength above 24,050 for a bullish case, with a break below the trendline and Immediate Support opening the door lower. That bearish path has played out in full, price broke through 23,818, then 23,600, and this week's low of 23,231.40 has pushed well past the 0.5 Fib level (23,478.45) too, confirming the Rising Wedge has resolved firmly to the downside.
Pattern Explanation
The Rising Wedge breakdown is now well underway, with price cutting through three support-turned-resistance zones in quick succession (23,818, 23,600, and 0.5 Fib at 23,478). The next meaningful level is the rising Trendline Support, which is converging with the 0.618 Fib (23,172.60) in the coming weeks, a genuine confluence zone worth watching closely.
Key Levels
Resistance 3: 23,818
Resistance 2: 23,600
Resistance 1 / 0.5 Fib: 23,478
Support (Trendline + 0.618 Fib confluence): 23,172
Major Support: 23,070.15
Deeper Fib: 0.786 (22,737.20)
Scenarios
Bullish: If Nifty reclaims 23,600 with strength, it would suggest this leg of selling is exhausting, and price could work back toward 23,818 and the 0.382 Fib (23,784).
Bearish: If Nifty closes below the trendline and 0.618 Fib confluence (23,172), it would confirm the breakdown is extending, with Major Support (23,070) as the immediate test, and 0.786 Fib (22,737) as a deeper target if weakness continues.
Beginner's Lesson
A trendline that's held for many months, like this one since March, carries real weight when it's finally tested after a sharp breakdown. The fact that it's now converging with a Fibonacci level (0.618) makes this an even stronger confluence zone. These multi-month structural tests often produce either a strong bounce (since so many traders watch the same level) or a decisive breakdown that accelerates the move, either way, it's a zone worth paying close attention to rather than ignoring.
Conclusion
Nifty has confirmed a clean wedge breakdown, cutting through multiple support zones in just a couple of weeks. The focus now shifts to the Trendline + 0.618 Fib confluence near 23,172, an important test for the broader uptrend structure. Holding this zone would keep the bigger picture intact; losing it would open the door toward deeper Fib levels and Major Support.
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.
NIFTY Levels for Today
Here are the NIFTY’s Levels for intraday (in the image below) today. Based on market movement, these levels can act as support, resistance or both.
Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level.
Note: This idea and these levels are only for learning and educational purpose.
BANKNIFTY Levels for Today
Here are the BANKNIFTY’s Levels for intraday (in the image below) today. Based on market movement, these levels can act as support, resistance or both.
Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level.
Note: This idea and these levels are only for learning and educational purpose.
NIFTY INTRADAY TODAY BEST FOR SCALPER TRADERS📊 NIFTY TODAY
• 🔄 Totally sideways & range-bound
• ⚡ Good market for scalpers
• 🔻 Sellers can benefit from quick moves
• 🚫 Momentum traders — stay away
• 🧘 Day traders — wait for a clear breakout
• 🎯 Trade the range, don’t force trades
Agree with my view? 👇 Comment below! 🔥
this is not trading advice , just market analysis so trade carefully.
Nifty Has Fallen for 6 Straight Weeks. Can 23,000 Hold?Six weeks.
Six consecutive weeks of decline for the Nifty 50.
Last week, the index slipped another 0.22% to close at 23,346.
But there is an interesting part of the story.
Despite the continued decline, India VIX fell 7.32% to 11.39%, suggesting that volatility expectations remain relatively contained.
So, what is the market telling us?
The bigger picture
Nifty is still moving inside a broad range.
However, in the short term, sellers have been gaining control, with the index forming lower highs and lower lows.
That leaves us with a few important levels that could decide the next move.
The levels that matter
🔴 23,500 to 23,600 | Immediate resistance
A move back above this zone could support a broader technical rebound.
🔴 24,000 to 24,100 | Strong resistance
This is the next major hurdle on the upside.
🟢 23,300 to 23,200 | Immediate support
This is the first area to watch if selling pressure continues.
🟢 23,000 to 22,900 | Strong support
This is one of the most important zones on the chart right now.
A decisive break below 23,000 could weaken the current structure further.
But the chart is not the only thing to watch
Two developments could influence the market this week.
September Flash PMI Data
PMI data will show how strong India's business activity is. Strong data could support the market, while weak data may keep investors cautious.
Crude Oil Prices
Crude oil remains important amid the West Asia conflict. Higher oil prices could increase inflation, pressure the rupee and raise costs for companies.
So, what should traders watch?
For now, there is no need to guess the direction.
The market has clearly defined levels.
Above 23,500 to 23,600: The rebound story becomes more interesting.
Between the key levels: The range could continue.
Below 23,000: The current structure could weaken further.
Until one of these levels gives way, a measured and stock specific approach may make more sense than taking an aggressive directional position.
The market does not always tell us what comes next.
Sometimes, it simply gives us the levels and asks us to wait.
The question for this week:
Will Nifty finally break its six week losing streak, or will 23,000 be tested first?
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 MidCap Select Weekly Analysis [21 Sep - 25 Sep, 2026]Probable Price Structure and Scenario Analysis for the Nifty MidCap Select NSE:NIFTY_MID_SELECT Index. It is a weekly analysis (21st to 25th of September, 2026).
🟢 Bullish Scenario
If the price breaks out above 14550, then a weak bullish target would be 14600. There will be strong resistance at 14600. Next, if the price sustains above 14600, then strong bullish moves might be observed. The probable bullish targets above 14600 would be - 14650, 14700, 14750, and 14800.
🔴 Bearish Scenario
Level 14450 is support. If the price breaks down below 14450, then a weak bearish target would be 14400. There will be strong support at 14400. Next, if the price breaks down below 14400, then the probable strong bearish targets would be - 14350, 14300, 14250, and 14200.
🟡 No Trading Zone (NTZ): (14550 - 14450).
⏺ Range of Consolidation (ROC): (14600 - 14400).
Here, 14500 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!






















