Post Market Analysis dated 24.07.2026

Nifty’s Day CPR is narrow at 0.15% with BC at 23,714.95 and TC at 23,749.95 — note that this CPR is non-inverted (BC < TC), meaning the battle zone is a standard 35-point band between these two levels; price holding above TC at 23,749.95 is constructive for bulls, while a failure below BC at 23,714.95 opens the bearish case. A narrow 0.15% CPR historically signals a high-probability trend day for Nifty — the market has compressed its range into a tight band and is coiling for a directional move, which aligns with the gap-down open that filled inside the prior range without breaking PDL or PDH, leaving no resolution to the direction question. On the Camarilla grid, upside triggers are R3 at 23,827.21 and R4 at 23,886.97 — a sustained trade above R3 activates the R4 target; downside triggers are S3 at 23,707.69 and S4 at 23,647.94 — a break below S3 opens S4 and then the traditional S1 at 23,641.30. Tomorrow’s key opening signal: if Nifty opens above TC 23,749.95 and holds, the bull case targets R3 and R4; if it opens below BC 23,714.95 and fails to reclaim it within the first 15 minutes, the gap-down-and-resume-lower pattern activates and S3/S4 become the immediate targets. Today’s gap-down-then-range-bound price action is a classic gap fill and consolidate pattern — the gap was partially absorbed but no directional resolution was achieved, leaving tomorrow’s open as the definitive trigger session.

Nifty’s Weekly CPR is 0.41% wide (W-BC 24,183.75 / W-TC 24,284.11) — a medium-width weekly CPR that signals a range-leaning week rather than a strong trending week; price is expected to oscillate within this band rather than make a decisive trending move. The current close of approximately 23,767 (today’s session close) is well below W-BC at 24,183.75, which is deeply bearish from a weekly CPR structural standpoint — price is not even inside the weekly CPR band, let alone above W-TC. This weekly structural weakness is significant: when price closes below W-BC for multiple sessions, the weekly CPR becomes overhead resistance rather than support, and the ascending-escalator weekly structure breaks down. The immediate weekly downside target is W-S1 at 24,100.56 but given that today’s close is already at approximately 23,767, the more relevant weekly downside reference is Traditional W-S2 at 23,866.83 — which is itself now overhead for Nifty. The weekly bias is unambiguously bearish from a CPR structural perspective, and until Nifty reclaims W-BC at 24,183.75 on a closing basis, swing traders should treat any intraday bounce as a sell-into-strength opportunity within the weekly downtrend structure.

Nifty’s Monthly CPR is 0.56% wide (M-BC 23,665.88 / M-TC 23,799.12) — a medium-width monthly band consistent with a range-bound positional environment. Today’s close at approximately 23,767 is critically positioned inside the monthly CPR band — it is above M-BC at 23,665.88 but below M-TC at 23,799.12. This inside-band position is a monthly battleground: positional bulls need a close above M-TC 23,799.12 to confirm the monthly CPR acts as support rather than a ceiling; positional bears need a close below M-BC 23,665.88 to confirm the monthly CPR has become overhead resistance. The monthly traditional pivot sits at 23,732.50 — today’s close is just above it, which provides a marginal bullish positional tilt but with very limited conviction given the proximity. Positional targets on the upside are M-R1 at 24,394.85 and then M-R2 at 24,923.95, but these only become active if Nifty first closes and sustains above M-TC 23,799.12. The OI structure with FII net shorts at -270,847 and the PCR rising to 0.88 adds a bearish overlay to the positional picture — the smart-money futures positioning aligns with the monthly CPR resistance scenario rather than the breakout scenario. This is a noteworthy divergence: Nifty and BankNifty (see BankNifty section) are both inside their respective monthly CPR bands, which means neither index is providing a decisive positional leadership signal today.

BankNifty’s Day CPR is 0.31% wide with BC at 56,427.52 and TC at 56,604.84 — this is a standard non-inverted CPR with a 177-point band. At 0.31%, this is narrow-to-medium width: tighter than a wide range-day setup but not at the ultra-narrow <0.15% levels that guarantee trend-day behavior; it signals a moderately trend-biased day where direction will be determined by the opening 15-minute auction relative to the CPR band. Today’s gap-down of -422.6 points (-0.75%) opened BankNifty below the prior day’s range lower boundary and yet the session closed inside the prior day’s range (56,023.60–56,831.45) — a classic gap-down-fill-and-recover-to-range pattern that is directionally ambiguous and leaves the market unresolved for tomorrow. The Camarilla upside triggers are R3 at 56,915.66 and R4 at 57,137.82 — a sustained break above R3 would activate the R4 target and signal a bullish reversal of the gap-down; the downside triggers are S3 at 56,471.34 and S4 at 56,249.18. The critical opening signal tomorrow: if BankNifty holds above TC 56,604.84 in the first 30 minutes, the bullish gap-fill-and-recover thesis gains credence targeting R3 at 56,915.66; a failure below BC 56,427.52 reactivates the bearish gap extension scenario toward S3 and S4.

BankNifty’s Weekly CPR is 0.66% wide (W-BC 57,941.88 / W-TC 58,328.22) — a medium-to-wide weekly CPR that explicitly signals a range-bound week rather than a trending week for BankNifty. Today’s session close at approximately 56,693 (the prior day close provided, which BankNifty was consolidating around) is well below W-BC at 57,941.88 — BankNifty is trading a full 1,249 points below the bottom of its weekly CPR band, a strongly bearish weekly structural signal. When price is this far below the weekly CPR band, the weekly CPR becomes significant overhead resistance, and the weekly bias is unambiguously bearish from a CPR structure perspective. The immediate weekly upside recovery level is W-BC at 57,941.88 — reclaiming this on a closing basis is prerequisite for any swing bullish thesis. Downside targets reference W-S1 at 57,673.25 (now overhead) and the Traditional W-S2 at 56,825.10 as a more relevant near-term reference. Nifty and BankNifty are aligned in their weekly bearish CPR structure — both are trading below their respective weekly CPR bands, confirming broad-based weakness without a sector divergence signal within the available data.

BankNifty’s Monthly CPR is 1.98% wide (M-BC 55,866.60 / M-TC 56,984.14) — this is a wide monthly CPR that definitively signals a range-bound positional environment for BankNifty over the coming month. A wide monthly CPR means the market expects oscillation rather than trending, and new positional entries on either side carry higher risk of whipsaw within the 55,866–56,984 band. Today’s BankNifty close is positioned inside the monthly CPR band — above M-BC at 55,866.60 but below M-TC at 56,984.14 — which is the most uncertain positional zone possible: price is in the middle of the battle range. For positional bulls, the prerequisite is a close above M-TC at 56,984.14, which then targets M-R1 at 59,823.59 and eventually M-R2 at 62,104.27. For positional bears, a close below M-BC at 55,866.60 opens M-S1 at 54,144.69. The wide monthly CPR combined with FII’s -270,847 net futures short and rising VIX to 14.03 creates a bearish-leaning but unresolved positional read — the smart-money flow is bearish but the CPR structure says the market hasn’t yet broken decisively in either direction at the monthly timeframe. Compared to Nifty’s 0.56% monthly CPR (medium-narrow), BankNifty’s 1.98% monthly CPR is significantly wider, indicating BankNifty carries more monthly uncertainty and is likely to underperform Nifty in a directional trending scenario.

Sensex’s Day CPR is 0.19% wide with BC at 75,842.69 and TC at 75,987.41 — a narrow CPR that is the tightest of the three indices today, historically signalling a high-probability trend day for Sensex tomorrow. The gap-down of -683.2 points (-0.89%) was the largest gap in absolute points among the three indices today, yet like Nifty and BankNifty, Sensex closed inside the prior day’s range (75,474.43–76,210.95) — this tri-index confirmation of gap-down-then-range-bound behavior is a coherent and important signal: all three indices are aligned in their indecision, and the resolution tomorrow will be a broad market directional call, not an index-specific event. Camarilla resistance levels for tomorrow are R3 at 76,262.31 and R4 at 76,464.86 — note that R3 sits very close to the prior day’s high of 76,210.95, creating a strong confluence resistance zone at approximately 76,210–76,262. Downside Camarilla triggers are S3 at 75,857.23 and S4 at 75,654.68. The opening signal: if Sensex opens and holds above TC 75,987.41, the bull thesis targets R3 at 76,262.31 and the traditional R1 at 76,355.67; sustained trade below BC 75,842.69 opens S3/S4 and the traditional S1 at 75,619.15. Sensex and Nifty are aligned in their narrow CPR signal — both point to a trend-day resolution tomorrow — making tomorrow’s open extremely directionally important across the board.

Sensex’s Weekly CPR is 0.50% wide (W-BC 77,569.99 / W-TC 77,957.63) — a medium-width weekly CPR signalling a range-to-sideways week rather than a decisively trending week. Sensex’s prior weekly close of 78,151.45 (as per the PDC in the weekly data) is above W-TC at 77,957.63, but today’s session occurred during this week, with the gap-down likely pulling Sensex toward or below the weekly CPR band. If today’s close is approximately 76,059 (prior day close from the day CPR data), Sensex is now trading below W-BC at 77,569.99 — a weekly bearish CPR structural break identical to what Nifty and BankNifty are showing. This tri-index alignment below respective weekly CPR bands is a powerful confirmation of broad weekly bearish structure. Weekly recovery prerequisite: W-BC at 77,569.99; weekly resistance ceiling: W-TC at 77,957.63 then W-R1 at 78,670.19. Until Sensex reclaims 77,570, the weekly swing bias remains bearish and bounces should be treated as selling opportunities by swing traders.

Sensex’s Monthly CPR is 1.02% wide (M-BC 75,561.06 / M-TC 76,339.26) — a medium-wide monthly CPR indicating a range-bound positional environment for Sensex over the near-to-medium term. Today’s Sensex close is critically positioned inside the monthly CPR band — at approximately 76,060 (prior day close), it is above M-BC at 75,561.06 but below M-TC at 76,339.26 — placing Sensex in the monthly battleground zone exactly like BankNifty. This is a key insight: all three indices — Nifty, BankNifty, and Sensex — are currently positioned inside their respective monthly CPR bands, which means no index is providing a clear positional breakout or breakdown signal at the monthly timeframe. The positional bull case requires Sensex to close above M-TC at 76,339.26, which then targets M-R1 at 78,581.38 and M-R2 at 80,434.40. The positional bear case requires a close below M-BC at 75,561.06, exposing M-S1 at 74,097.14. The monthly CPR structure, combined with FII’s dual-leg bearish positioning and VIX rising to 14.03, creates a bearish-tilted but unresolved positional landscape for Sensex. Sensex’s monthly CPR at 1.02% is wider than Nifty’s 0.56% but narrower than BankNifty’s 1.98%, and this relative width ordering suggests Nifty will be the first to give a decisive monthly directional signal if a breakout or breakdown occurs.