Nifty Analysis — 22 Sessions, One Box: The Coil That Won't Break
15th June to 16th July, 2026 — 31 Days, 22 Trading Sessions
There is something unusual happening on the Nifty daily chart right now — and it has been building quietly for over a month.
Since 15th June, Nifty has spent 22 consecutive sessions oscillating inside a ~500-point range. No sustained breakout. No meaningful trend. Just price going back and forth between the same walls, session after session.
Here is what those sessions have looked like up close:
16th July — Inside Bar
15th July — Outside Bar
14th July — Inside Bar
13th July — Outside Bar
9th July — Inside Bar
8th July — Master Candle / Mother Candle
3rd, 6th & 7th July — Fakeout
The Ranges at Play
Main Range: 23,785 ~ 24,260 — approximately 475 points
MC Range (Master Candle): 23,805 ~ 24,300 — approximately 495 points
The 8th July Master Candle is the anchor of all of this. Everything since has played out inside its boundaries
What’s more interesting is what has happened in the last 4 sessions since that fakeout. The range has been quietly shrinking:
Current Box Range: 24,000 ~ 24,260 — just 260 points
The market is coiling tighter within an already tight range. That is roughly half the width of the original range, playing out inside its upper half.
What This Means
The alternating Inside Bar → Outside Bar pattern on 13th, 14th, 15th, and 16th July is worth watching on its own. Outside bars absorb and reset. Inside bars compress and wait. Two cycles of this back to back, with price unable to escape the box either way, says the market hasn’t made up its mind — but it is getting closer to having to.
The fakeout in early July was the first real test of the range. Price broke, moved 280 points, and came back in. That failed breakout has likely trapped positions on both sides, which is part of why the range is holding — there is overhead supply from trapped longs and potential demand from trapped shorts, both sitting near the edges.
Where Things Stand
Twenty-two sessions. Thirty-one calendar days. The same 500-point box.
Every session that ends inside the range adds one more layer of energy to the eventual move. The question isn’t whether the range breaks — it will. The question is whether the break holds, or whether it becomes another fakeout that pulls price back in.
The levels to watch for confirmation:
Above: A daily close above 24,300 (MC Range high) with follow-through
Below: A daily close below 23,785 (Main Range low) with follow-through
Until one of those happens, this is still the same chart it has been for a month. And the waiting continues.
✏️ Disclaimer
This is my personal digital diary and represents my own analysis and point of view. It is not financial advice; please consult a professional advisor before making any trading decisions.
15th June to 16th July, 2026 — 31 Days, 22 Trading Sessions
There is something unusual happening on the Nifty daily chart right now — and it has been building quietly for over a month.
Since 15th June, Nifty has spent 22 consecutive sessions oscillating inside a ~500-point range. No sustained breakout. No meaningful trend. Just price going back and forth between the same walls, session after session.
Here is what those sessions have looked like up close:
16th July — Inside Bar
15th July — Outside Bar
14th July — Inside Bar
13th July — Outside Bar
9th July — Inside Bar
8th July — Master Candle / Mother Candle
3rd, 6th & 7th July — Fakeout
The Ranges at Play
Main Range: 23,785 ~ 24,260 — approximately 475 points
MC Range (Master Candle): 23,805 ~ 24,300 — approximately 495 points
The 8th July Master Candle is the anchor of all of this. Everything since has played out inside its boundaries
What’s more interesting is what has happened in the last 4 sessions since that fakeout. The range has been quietly shrinking:
Current Box Range: 24,000 ~ 24,260 — just 260 points
The market is coiling tighter within an already tight range. That is roughly half the width of the original range, playing out inside its upper half.
What This Means
The alternating Inside Bar → Outside Bar pattern on 13th, 14th, 15th, and 16th July is worth watching on its own. Outside bars absorb and reset. Inside bars compress and wait. Two cycles of this back to back, with price unable to escape the box either way, says the market hasn’t made up its mind — but it is getting closer to having to.
The fakeout in early July was the first real test of the range. Price broke, moved 280 points, and came back in. That failed breakout has likely trapped positions on both sides, which is part of why the range is holding — there is overhead supply from trapped longs and potential demand from trapped shorts, both sitting near the edges.
Where Things Stand
Twenty-two sessions. Thirty-one calendar days. The same 500-point box.
Every session that ends inside the range adds one more layer of energy to the eventual move. The question isn’t whether the range breaks — it will. The question is whether the break holds, or whether it becomes another fakeout that pulls price back in.
The levels to watch for confirmation:
Above: A daily close above 24,300 (MC Range high) with follow-through
Below: A daily close below 23,785 (Main Range low) with follow-through
Until one of those happens, this is still the same chart it has been for a month. And the waiting continues.
✏️ Disclaimer
This is my personal digital diary and represents my own analysis and point of view. It is not financial advice; please consult a professional advisor before making any trading decisions.
Read my blogs here:
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.com/kzatakia
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.com/kzatakia
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
Read my blogs here:
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.com/kzatakia
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.com/kzatakia
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน