Post Market Analysis dated 21.07.2026

Nifty’s Day CPR is ultra-narrow at 0.03% (BC 24,191.43 / TC 24,198.93) — one of the tightest CPR configurations possible, which is a textbook signal for a high-probability trend day tomorrow. Note that the BC (24,191.43) is marginally lower than the TC (24,198.93), so this is a standard (non-inverted) CPR; however, today’s close of 24,187.70 sits fractionally below BC at 24,191.43, meaning price closed slightly beneath the CPR band — this is a subtle but important signal of residual bearish pressure even on a flat day, and opens tomorrow as a descending trend reversal candidate where the CPR is technically structured for upward movement but price failed to hold above it. The Camarilla levels frame the intraday decision tree clearly: on the upside, R3 at 24,222.50 is the first resistance and R4 at 24,257.30 aligns almost precisely with PDH at 24,262.20 — a close above R4/PDH would be a genuine bullish breakout signal. On the downside, S3 at 24,152.90 is the first support and S4 at 24,118.10 is the key floor; a break below S4 opens the door to Traditional S1 at 24,128.16 and then Traditional S2 at 24,068.63. The critical level to watch at tomorrow’s open is 24,191.43 (Day BC) — bulls must reclaim and hold above BC within the first 15 minutes; if they succeed, the ultra-narrow CPR setup favors a directional trending move toward R3 (24,222.50) and then R4 (24,257.30), but if price opens and stays below BC, the Trending CPR structure becomes a bearish trend day with S3 (24,152.90) and S4 (24,118.10) as the natural downside targets.

Nifty’s Weekly CPR has a width of 0.41% (W-BC 24,183.75 / W-TC 24,284.11) — a medium-width band that signals a sideways or range-bound week rather than a clean trending week; the relatively wide spread means price has room to oscillate within the band without generating a clear directional signal. Today’s close of 24,187.70 sits just above W-BC at 24,183.75 but well below W-TC at 24,284.11, meaning Nifty is effectively parked at the bottom edge of the weekly CPR band — this is a neutral-to-bearish weekly bias as price cannot sustain trade in the upper half of the weekly CPR. The Weekly Pivot sits at 24,233.93; for swing bulls to regain control, Nifty needs a sustained close above this level followed by a push toward W-R1 at 24,467.66 and the weekly high zone of 24,367.30 (PDH of prior week). On the downside, the swing trader’s key floor is W-S1 at 24,100.56 — a weekly close below W-BC at 24,183.75 would expose this level, and a break below 24,100.56 would structurally shift the weekly bias to bearish targeting W-S2 at 23,866.83. Notably, the weekly and daily biases are diverging slightly: the ultra-narrow daily CPR screams trend-day for tomorrow, but the medium weekly CPR cautions that the broader weekly structure is range-bound — swing traders should wait for a decisive close above 24,284 (W-TC) before committing to an upside swing.

Nifty’s Monthly CPR has a width of 0.56% (M-BC 23,665.88 / M-TC 23,799.12) — a medium-wide monthly band that reflects a sideways monthly structure, consistent with the broader macro context of no decisive directional bias on the positional timeframe. The critical positive for positional bulls is that Nifty’s close at 24,187.70 is decisively above both M-TC (23,799.12) and the Monthly Pivot (23,732.50) — this means the positional bias is firmly bullish as price is trading significantly above the monthly CPR band and above the monthly pivot by over 455 points. The positional bull targets are M-R1 at 24,394.85 (approximately 207 points above current close, well within reach) and then M-R2 at 24,923.95 as the extended bull target for positional traders holding through the month. Critically, the Monthly Camarilla R3 at 24,193.40 is almost exactly at current price (24,187.70) — this is a significant confluence resistance zone; a sustained close above 24,193.40 (M-R3 Cam) would be the positional breakout trigger that opens the path to M-R4 Camarilla at 24,521.05. The OI structure supports the positional bull case moderately: DII’s high-conviction long buildup at High Vol provides a domestic institutional floor, though FII’s dominant short book of 252,559 contracts remains the key overhead supply pressure that positional bulls must overcome.

BankNifty’s Day CPR is narrow at 0.21% (BC 57,895.65 / TC 58,016.25) — not as extreme as Nifty’s ultra-narrow 0.03%, but still lean enough to favour a directional bias if price commits to one side of the band. Today’s close of 57,835.35 is 60.30 points below BC at 57,895.65, meaning BankNifty closed outside and below the CPR band — a bearish signal that sets up a Descending Trend Reversal or at minimum confirms bearish pressure as the dominant force today. BankNifty also gapped down -91.2 points (-0.16%) at the open and failed to fill that gap and recover — instead it closed inside the prior day’s range of 57,803.85–58,228.65 but near the lower half, which is a gap-down and hold near lows pattern that is mildly bearish. The Camarilla framework gives the intraday decision structure for tomorrow: on the upside, R3 at 57,952.17 is the first hurdle (note this is below TC at 58,016.25, meaning R3 is inside the CPR band — a highly compressed setup), and R4 at 58,068.99 is the next resistance above TC. On the downside, S3 at 57,718.53 is the first support and S4 at 57,601.71 is the bear trigger; a break below S4 would expose Traditional S1 at 57,683.25 and then S2 at 57,531.15. Tomorrow’s critical open-price battle is whether BankNifty can reclaim 57,895.65 (Day BC) — failure to do so keeps the bearish bias intact and the 0.21% CPR favours a trend move lower toward S3 and S4.

BankNifty’s Weekly CPR has a width of 0.66% (W-BC 57,941.88 / W-TC 58,328.22) — a medium-wide band that signals a range-bound week on the swing timeframe, with no strong trending signal from the weekly CPR alone. Today’s close of 57,835.35 sits 106.53 points below W-BC at 57,941.88 — meaning BankNifty has closed below the bottom edge of its weekly CPR band, which is a bearish weekly swing signal; the weekly bias is negative until price reclaims W-BC. The Weekly Pivot at 58,135.05 is now 299.70 points above the current close — a significant distance that reinforces the swing weakness. For swing bulls to regain control, BankNifty needs a daily close above W-BC 57,941.88 first, then a push toward the Weekly Pivot at 58,135.05, and ultimately toward W-R1 at 58,983.20. On the downside, the swing bear target is W-S1 at 57,673.25 — note that this level is only 161.64 points below today’s close, making it a near-term and realistic downside target. A notable divergence exists between BankNifty and Nifty on the weekly timeframe: Nifty closed just above W-BC (barely inside the weekly CPR band), while BankNifty closed below W-BC — BankNifty is the weaker index on the swing timeframe, and this relative underperformance is a caution signal for swing traders.

BankNifty’s Monthly CPR is wide at 1.98% (M-BC 55,866.60 / M-TC 56,984.14) — the widest monthly CPR among all three indices and a clear signal of a range-bound monthly structure where BankNifty is expected to oscillate without a clean trending move through the month. The strongly positive news for positional bulls is that today’s close of 57,835.35 is 851.21 points above M-TC at 56,984.14 — BankNifty is trading comfortably above the entire monthly CPR band, which establishes a firmly bullish positional bias on the monthly timeframe. The positional bull targets are Monthly Camarilla R3 at 59,104.60 (approximately 1,269 points above the current close) and the Monthly Traditional R1 at 59,823.59 as the extended upside. However, the contradiction between the bullish monthly position and the bearish daily/weekly setup is a classic multi-timeframe divergence — positional holders should be aware that the near-term (daily/weekly) trend is pulling against the monthly position, and a failure to reclaim weekly CPR could test positional resolve. The 1.98% monthly CPR width means positional swings could be wide and volatile; risk management with a focus on M-TC at 56,984.14 as the ultimate positional floor is essential for any long position.

Sensex’s Day CPR is ultra-narrow at 0.06% (BC 77,495.16 / TC 77,545.26) — only slightly wider than Nifty’s 0.03%, and equally a strong trend-day signal for tomorrow. Today’s close of 77,470.11 sits 25.05 points below BC at 77,495.16, mirroring the same pattern seen in Nifty where price closed fractionally below the CPR band — this aligns both Nifty and Sensex in a subtle bearish lean despite the narrow CPR’s theoretical trend neutrality. The Camarilla structure for Sensex tomorrow frames the battle lines clearly: on the upside, R3 at 77,584.47 is the first hurdle (barely 114 points above the close) and R4 at 77,698.83 is the trend-day bull trigger — a move above R4 would confirm bullish trend-day momentum. On the downside, S3 at 77,355.75 is the first support and S4 at 77,241.39 is the bear trigger that aligns with the Traditional S2 at 77,104.36 as the extended bear target. The key open-price signal to watch is 77,495.16 (Day BC) — Sensex’s ultra-narrow CPR means that whether price opens above or below BC will almost immediately indicate the day’s directional trend, and with today’s close already below BC, the default lean is for a bearish trend day unless bulls aggressively reclaim the BC in the opening auction. Sensex and Nifty are fully aligned today — both flat opens, both inside range, both closed below Day BC — confirming a broad-based, non-divergent range-bound to mildly bearish setup across the major indices.

Sensex’s Weekly CPR has a width of 0.50% (W-BC 77,569.99 / W-TC 77,957.63) — a medium-width band signalling a range-bound to mildly trending week. Today’s close of 77,470.11 is 99.88 points below W-BC at 77,569.99 — like BankNifty, Sensex has also closed below its weekly CPR’s bottom boundary, reinforcing the bearish weekly swing bias that emerged today across all indices. The Weekly Pivot at 77,763.81 is approximately 293.70 points above the current close — a meaningful gap that confirms swing traders face overhead resistance before any meaningful rally can develop. The key swing recovery target is first W-BC at 77,569.99 (a reclaim here would neutralise the weekly bearish bias), then the Weekly Pivot at 77,763.81, and ultimately W-R1 at 78,670.19 for swing bulls. On the downside, W-S1 at 77,245.07 is only 225 points below the close — a realistic near-term bear target if weekly BC is not reclaimed. The alignment of Sensex and Nifty — both closing below their respective weekly CPR bottoms — confirms that this is a broad-based swing weakness rather than an index-specific anomaly.

Sensex’s Monthly CPR has a width of 1.02% (M-BC 75,561.06 / M-TC 76,339.26) — a medium-wide monthly band that signals a sideways monthly structure, slightly wider than Nifty’s 0.56% but significantly narrower than BankNifty’s 1.98%. Today’s close of 77,470.11 is 1,130.85 points above M-TC at 76,339.26 — a strong positional buffer that establishes a clearly bullish positional bias on the monthly timeframe, with Sensex well clear of the monthly CPR band. The positional bull targets are Monthly Camarilla R3 at 77,961.54 (the nearest major resistance, approximately 491 points above the close — note this is also very close to the weekly W-R1 at 78,670.19, creating a confluence zone in the 77,960–78,670 range), and the Monthly Traditional R1 at 78,581.38 as the next major positional milestone. The key positional floor is M-TC at 76,339.26 — any pullback that holds above this level preserves the monthly bullish structure. The OI context is consistent with the other indices: DII’s high-conviction long buildup (+16,721 futures longs at High Vol) provides domestic institutional support for the positional bull case, while FII’s massive short book (-228,847 net futures) represents the primary headwind. Positional traders holding Sensex longs should size positions with 76,339 (M-TC) as the ultimate stop-loss reference and 77,961 (M-R3 Camarilla) as the first meaningful take-profit zone.