Weekly Technical Outlook
Support, resistance, trend bias and options-driven technical scenarios for Nifty 50, Bank Nifty and Sensex.
Nifty 50: Mildly Bearish, Bank Nifty: Mildly Bullish, Sensex: Mildly Bearish. Confidence varies by index.
Previous week at a glance
Technical scorecards
| Indicator | Reading | Signal | Score |
|---|---|---|---|
| Weekly structure | Lower high/mixed | Neutral | +0 |
| Close vs 20 EMA | Below (24139.43) | Negative | -1 |
| Close vs 50 EMA | Below (24150.72) | Negative | -1 |
| Close vs 200 EMA | Below (24614.81) | Negative | -1 |
| RSI (14) | 33.57 | Negative | -1 |
| Weekly return | -1.15% | Negative | -1 |
| Indicator | Reading | Signal | Score |
|---|---|---|---|
| Weekly structure | Higher high | Positive | +1 |
| Close vs 20 EMA | Below (57505.18) | Negative | -1 |
| Close vs 50 EMA | Above (57316.92) | Positive | +1 |
| Close vs 200 EMA | Above (57280.53) | Positive | +1 |
| RSI (14) | 47.99 | Neutral | +0 |
| Weekly return | -0.22% | Neutral | +0 |
| Indicator | Reading | Signal | Score |
|---|---|---|---|
| Weekly structure | Lower high/mixed | Neutral | +0 |
| Close vs 20 EMA | Below (77174.99) | Negative | -1 |
| Close vs 50 EMA | Below (77236.66) | Negative | -1 |
| Close vs 200 EMA | Below (79365.49) | Negative | -1 |
| RSI (14) | 36.33 | Negative | -1 |
| Weekly return | -0.97% | Negative | -1 |
Recommended bands: +6 Strong Bullish · +3 to +5 Bullish · −2 to +2 Neutral · −3 to −5 Bearish · −6 Strong Bearish.
Support & resistance zones (with confluence scoring)
| Zone | Strength | Confluence | Factors |
|---|---|---|---|
| 23,682.21 — 23,801.69 | Strong | 3 | Weekly pivotWeekly lowPsychological 23700 |
| 23,526.46 — 23,645.94 | Moderate | 2 | Weekly pivotPsychological 23600 |
| Zone | Strength | Confluence | Factors |
|---|---|---|---|
| 24,038.56 — 24,158.04 | Very Strong | 5 | Weekly pivot20 EMA50 EMAWeekly highPsychological 24100 |
| 24,239.16 — 24,358.64 | Moderate | 2 | Weekly pivotPsychological 24300 |
| Zone | Strength | Confluence | Factors |
|---|---|---|---|
| 56,643.49 — 56,930.34 | Strong | 3 | Weekly pivotWeekly lowPsychological 56800 |
| 56,060.76 — 56,347.61 | Moderate | 2 | Weekly pivotPsychological 56200 |
| Zone | Strength | Confluence | Factors |
|---|---|---|---|
| 57,845.24 — 58,132.09 | Strong | 3 | Weekly pivotWeekly highPsychological 58000 |
| 58,464.26 — 58,751.11 | Moderate | 2 | Weekly pivotPsychological 58500 |
| Zone | Strength | Confluence | Factors |
|---|---|---|---|
| 75,832.19 — 76,214.77 | Strong | 3 | Weekly pivotWeekly lowPsychological 76000 |
| 75,340.23 — 75,722.81 | Moderate | 2 | Weekly pivotPsychological 75500 |
| Zone | Strength | Confluence | Factors |
|---|---|---|---|
| 76,928.34 — 77,310.91 | Very Strong | 5 | Weekly pivot20 EMA50 EMAWeekly highPsychological 77000 |
| 77,532.53 — 77,915.11 | Moderate | 2 | Weekly pivotPsychological 77700 |
Confluence counts independent factors overlapping the zone (weekly pivot, moving averages, weekly high/low, psychological round-numbers).
Expected weekly ranges (multi-method)
Historical volatility uses the last 20 daily returns × √5. Previous-week range is scaled by 0.6. Combined = midpoint of the two ranges. Options-implied range is populated when weekly ATM straddle data is available.
Historical volatility uses the last 20 daily returns × √5. Previous-week range is scaled by 0.6. Combined = midpoint of the two ranges. Options-implied range is populated when weekly ATM straddle data is available.
Historical volatility uses the last 20 daily returns × √5. Previous-week range is scaled by 0.6. Combined = midpoint of the two ranges. Options-implied range is populated when weekly ATM straddle data is available.
Options positioning
- PCR (OI)
- 0.851
- PCR (volume)
- 1.056
- Max pain
- 23,950
- ATM straddle
- 176.15
- Implied move
- ± 0.74%
- Call wall
- 24,000
- Put floor
- 23,900
Balanced positioning
- PCR (OI)
- 1.032
- PCR (volume)
- 0.965
- Max pain
- 57,500
- ATM straddle
- 1,348.20
- Implied move
- ± 2.35%
- Call wall
- 57,500
- Put floor
- 57,500
Balanced positioning
- PCR (OI)
- 1.112
- PCR (volume)
- 1.136
- Max pain
- 76,700
- ATM straddle
- 818.35
- Implied move
- ± 1.07%
- Call wall
- 77,000
- Put floor
- 75,000
Balanced positioning
PCR = Put OI / Call OI. Values ≥ 1.25 = put-heavy, potentially supportive. ≤ 0.75 = call-heavy, potentially resistance-heavy. Options positioning may change materially after the market opens, around major events and near contract expiry.
Options open-interest heatmap
| CE OI | CE Δ | CE IV | Strike | PE IV | PE Δ | PE OI |
|---|---|---|---|---|---|---|
| 58,110 | 0 | 21.3 | 23,400 | 11.1 | 0 | 43,79,375 |
| 44,135 | 0 | 19.0 | 23,450 | 10.4 | 0 | 26,00,260 |
| 2,72,870 | 0 | 18.5 | 23,500 | 9.8 | 0 | 1,04,67,405 |
| 61,945 | 0 | 17.5 | 23,550 | 9.3 | 0 | 29,31,240 |
| 2,52,265 | 0 | 16.0 | 23,600 | 9.0 | 0 | 86,80,945 |
| 1,17,455 | 0 | 14.7 | 23,650 | 8.5 | 0 | 50,31,195 |
| 4,41,545 | 0 | 13.7 | 23,700 | 8.2 | 0 | 80,20,805 |
| 4,85,875 | 0 | 12.8 | 23,750 | 7.9 | 0 | 44,21,235 |
| 19,98,685 | 0 | 12.1 | 23,800 | 7.6 | 0 | 1,13,68,435 |
| 13,53,560 | 0 | 11.5 | 23,850 | 7.1 | 0 | 60,57,090 |
| 54,56,100 | 0 | 10.8 | 23,900ATM | 6.9 | 0 | 1,26,30,865 |
| 78,91,130 | 0 | 10.4 | 23,950 | 6.3 | 0 | 66,26,555 |
| 1,65,98,335 | 0 | 10.1 | 24,000 | 5.6 | 0 | 69,24,320 |
| 75,06,395 | 0 | 9.7 | 24,050 | 4.5 | 0 | 15,62,600 |
| 1,18,98,510 | 0 | 9.6 | 24,100 | 0.0 | 0 | 28,49,340 |
| 67,82,685 | 0 | 9.4 | 24,150 | 0.0 | 0 | 7,68,300 |
| 1,19,82,620 | 0 | 9.4 | 24,200 | 0.0 | 0 | 20,83,770 |
| 54,48,885 | 0 | 9.3 | 24,250 | 0.0 | 0 | 4,32,250 |
| 1,06,34,390 | 0 | 9.4 | 24,300 | 0.0 | 0 | 11,18,585 |
| 46,26,440 | 0 | 9.7 | 24,350 | 0.0 | 0 | 1,66,010 |
| 1,01,11,595 | 0 | 10.1 | 24,400 | 0.0 | 0 | 4,81,260 |
| CE OI | CE Δ | CE IV | Strike | PE IV | PE Δ | PE OI |
|---|---|---|---|---|---|---|
| 4,350 | 0 | 11.1 | 56,400 | 11.7 | 0 | 55,110 |
| 56,670 | 0 | 11.6 | 56,500 | 11.6 | 0 | 4,80,240 |
| 4,920 | 0 | 11.7 | 56,600 | 11.6 | 0 | 54,900 |
| 99,780 | 0 | 11.4 | 56,700 | 11.5 | 0 | 64,530 |
| 13,620 | 0 | 11.4 | 56,800 | 11.5 | 0 | 91,710 |
| 25,290 | 0 | 11.3 | 56,900 | 11.4 | 0 | 97,380 |
| 3,02,250 | 0 | 11.2 | 57,000 | 11.3 | 0 | 8,29,950 |
| 44,430 | 0 | 11.0 | 57,100 | 11.2 | 0 | 73,950 |
| 80,340 | 0 | 11.0 | 57,200 | 11.1 | 0 | 1,95,600 |
| 1,02,840 | 0 | 11.1 | 57,300 | 11.0 | 0 | 3,49,560 |
| 1,36,980 | 0 | 11.0 | 57,400ATM | 11.0 | 0 | 3,00,780 |
| 19,50,060 | 0 | 10.8 | 57,500 | 10.9 | 0 | 19,43,100 |
| 2,51,940 | 0 | 10.9 | 57,600 | 10.9 | 0 | 1,16,250 |
| 2,90,820 | 0 | 10.7 | 57,700 | 10.9 | 0 | 1,83,210 |
| 3,01,830 | 0 | 10.8 | 57,800 | 10.9 | 0 | 2,09,280 |
| 1,97,760 | 0 | 10.7 | 57,900 | 10.7 | 0 | 1,74,780 |
| 13,27,320 | 0 | 10.6 | 58,000 | 10.7 | 0 | 10,47,360 |
| 1,17,810 | 0 | 10.6 | 58,100 | 10.7 | 0 | 57,630 |
| 1,46,370 | 0 | 10.5 | 58,200 | 10.7 | 0 | 77,760 |
| 1,50,810 | 0 | 10.5 | 58,300 | 10.4 | 0 | 71,370 |
| 1,21,320 | 0 | 10.6 | 58,400 | 10.4 | 0 | 35,010 |
| CE OI | CE Δ | CE IV | Strike | PE IV | PE Δ | PE OI |
|---|---|---|---|---|---|---|
| 25,620 | 0 | 13.0 | 75,500 | 10.6 | 0 | 3,81,840 |
| 3,840 | 0 | 13.3 | 75,600 | 10.6 | 0 | 1,31,680 |
| 3,440 | 0 | 12.7 | 75,700 | 10.5 | 0 | 88,720 |
| 4,540 | 0 | 12.6 | 75,800 | 10.3 | 0 | 1,11,480 |
| 7,680 | 0 | 12.4 | 75,900 | 10.2 | 0 | 97,220 |
| 65,920 | 0 | 12.2 | 76,000 | 9.9 | 0 | 4,72,920 |
| 19,780 | 0 | 11.9 | 76,100 | 9.9 | 0 | 1,55,240 |
| 32,060 | 0 | 11.6 | 76,200 | 9.7 | 0 | 3,27,140 |
| 37,960 | 0 | 11.5 | 76,300 | 9.6 | 0 | 2,24,740 |
| 51,400 | 0 | 11.3 | 76,400 | 9.4 | 0 | 1,89,980 |
| 3,28,940 | 0 | 11.0 | 76,500ATM | 9.4 | 0 | 5,78,180 |
| 3,70,520 | 0 | 10.7 | 76,600 | 9.2 | 0 | 3,92,360 |
| 4,34,280 | 0 | 10.8 | 76,700 | 8.9 | 0 | 3,77,680 |
| 3,10,060 | 0 | 10.8 | 76,800 | 8.9 | 0 | 2,40,960 |
| 2,51,780 | 0 | 10.5 | 76,900 | 8.7 | 0 | 1,51,460 |
| 7,43,960 | 0 | 10.4 | 77,000 | 8.7 | 0 | 4,65,160 |
| 1,85,920 | 0 | 10.5 | 77,100 | 8.5 | 0 | 47,120 |
| 2,37,840 | 0 | 10.3 | 77,200 | 8.3 | 0 | 38,680 |
| 1,86,280 | 0 | 10.3 | 77,300 | 7.9 | 0 | 20,860 |
| 1,18,580 | 0 | 10.3 | 77,400 | 7.7 | 0 | 14,840 |
| 3,19,980 | 0 | 10.1 | 77,500 | 7.5 | 0 | 1,19,900 |
Conditional scenarios · bullish / range-bound / bearish
Scenarios are conditional and use rule-based technical zones. Not personalised trading or hedging recommendations.
Market breadth & sector confirmation
Heavyweight contribution
- +3.50%SBILIFESBI LIFE INSURANCE CO LTD
- +2.49%TATASTEELTATA STEEL LIMITED
- +2.42%HDFCLIFEHDFC LIFE INS CO LTD
- +1.50%RELIANCERELIANCE INDUSTRIES LTD
- +1.33%TRENTTRENT LTD
- -1.94%HCLTECHHCL TECHNOLOGIES LTD
- -1.55%BHARTIARTLBHARTI AIRTEL LIMITED
- -1.27%MARUTIMARUTI SUZUKI INDIA LTD.
- -1.12%COALINDIACOAL INDIA LTD
- -1.11%BAJAJFINSVBAJAJ FINSERV LTD.
Nifty 50 constituents (screener_snapshots) · % change is a proxy for approximate index-point contribution.
Institutional positioning (FII / DII)
As of 04-Sep-2026Events that could change the technical setup
- 23:30USUS CPI (Aug)GoldSilverUSD/INR
- 23:30USFOMC Rate Decision + Powell Presser (SEP)All marketsGoldSilver
- 23:30USUS Non-Farm Payrolls (Sep)GoldSilverUSD/INR
- 23:30USUS CPI (Sep)GoldSilverUSD/INR
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