Post Market Analysis dated 14.07.2026

Nifty’s Day CPR is medium-width at 0.22% (BC 24,130 / TC 24,184), which historically places tomorrow in the normal day category — neither a high-odds trend day (narrow <0.15%) nor a clear range-bound day (wide >0.40%). This means tomorrow’s character will be determined by how price interacts with the CPR band at the open rather than being pre-determined. The key Camarilla levels are R3 at 24,282 and R4 at 24,354 on the upside, and S3 at 24,140 and S4 at 24,068 on the downside — these define the intraday battlefield. Today’s close was inside the prior day’s range (PDH 24,259.80 / PDL 24,000.20), confirming a range-bound session with no breakout — there was a gap-down open of -143 pts (-0.59%) that traded within the prior range, a classic gap-down and hold pattern that is neutral-to-mildly-bearish: bears could not extend below PDL, but bulls failed to reclaim PDH. The critical intraday trigger for tomorrow: if Nifty opens and sustains above TC at 24,184, the CPR becomes support and targets R3 at 24,282 then R4 at 24,354; if it opens below BC at 24,130 and fails to reclaim it within the first 15 minutes, the bearish path opens toward S3 at 24,140 (already close) and then S4 at 24,068.

Nifty’s Weekly CPR is narrow at 0.11% (W-BC 24,168 / W-TC 24,194), which is a trending week signal — the weekly pivot band is tight, historically favouring a directional move rather than a choppy range-week. The current weekly close of approximately 24,211 (using PDC) sits above W-TC at 24,194, which keeps the weekly swing bias marginally bullish — but only barely, and the 0.11% narrow band means even a small down-move will flip Nifty below the weekly CPR and turn swing bias bearish. A sustained hold above W-TC at 24,194 keeps the weekly bull case alive and targets W-R1 at 24,557 as the primary swing target, with W-R2 at 24,907 as the broader bull target. Below W-BC at 24,168, swing bias flips bearish and exposes W-S1 at 23,831 and the weekly Camarilla W-S3 at 24,007. The critical divergence to note: while Nifty’s weekly CPR is narrow and trending, BankNifty’s weekly CPR is wide at 0.56%, implying a range-week signal for BankNifty — this creates a cross-index divergence where Nifty may trend but BankNifty drags, making any Nifty upside narrower in breadth.

Nifty’s Monthly CPR is wide at 0.56% (M-BC 23,665 / M-TC 23,799), firmly in the range-bound positional regime — this is expected mid-month as the monthly CPR widens with accumulated range. Price at approximately 24,211 is well above Monthly Pivot at 23,732 and above M-TC at 23,799, confirming that positional bias remains structurally bullish — the market is trading comfortably above its monthly midpoint. The positional bull targets are M-R1 at 24,395 (just above current price — a key near-term test) and M-R2 at 24,924 (the higher-timeframe bull target). The M-TC at 23,799 is the critical positional support floor — a close below this level would flip the monthly structural bias bearish. The OI context reinforces caution at current levels: FII futures short net of -265,465 and collapsing PCR from 1.38 to 1.00 suggest that while the positional trend is technically bullish, institutional conviction in the upside is absent, creating a technically bullish but institutionally contested positional setup. The Sensex, also trading above its monthly pivot at 75,950, provides confirming evidence that the monthly positional bull case remains intact across indices.

BankNifty’s Day CPR is wide at 0.32% (BC 57,856 / TC 58,040), firmly signalling a range-bound day bias for tomorrow — the wider CPR creates a no-man’s land between two levels that price must decisively clear before a directional move is credible. The critical distinction from Nifty is that BankNifty closed below PDL at 57,492 today — this is a bearish PDL breakdown, not a range-bound session. While Nifty stayed inside its prior range, BankNifty broke below its prior day’s low, confirming relative weakness in banking versus Nifty — a clear cross-index divergence. The key Camarilla levels are R3 at 58,332 and R4 at 58,532 on the upside; S3 at 57,931 and S4 at 57,731 on the downside. For tomorrow, the critical intraday test is whether BankNifty can reclaim BC at 57,856 — below this level, the PDL breakdown is confirmed and targets S3 at 57,931 (ironically above current bearish close level — note these are calculated from prior day’s data and tomorrow’s open will define the battlefield). If BankNifty gaps further down and cannot reclaim 57,856, the S4 at 57,731 becomes the primary intraday target, consistent with FII short positioning.

BankNifty’s Weekly CPR is wide at 0.56% (W-BC 57,565 / W-TC 57,886), which is a range-week signal — in sharp contrast to Nifty’s narrow 0.11% weekly CPR that signals a trending week. This divergence is the most important swing-level insight of the day: Nifty could trend this week while BankNifty churns in a range, creating a sector-weight drag on any broad Nifty rally. BankNifty’s weekly close relative to its W-TC of 57,886 is the key swing test — a close below 57,565 (W-BC) would flip weekly swing bias bearish and expose W-S1 at 56,870 and the weekly Camarilla W-S3 at 57,487. On the bullish side, sustained trade above W-TC at 57,886 targets W-R1 at 58,902 as the primary swing resistance. Given BankNifty already broke PDL today, the more probable path for swing traders is a test of W-BC at 57,565 before any recovery attempt.

BankNifty’s Monthly CPR is extremely wide at 1.98% (M-BC 55,867 / M-TC 56,984), the widest of all three indices — this is an emphatically range-bound positional regime for BankNifty. Price at approximately 58,131 (PDC) is well above Monthly Pivot at 56,425 and above M-TC at 56,984, confirming positional bull bias intact at the monthly level. The key positional bull target is M-R1 at 59,824 (roughly 2.9% above current price), and M-R2 at 62,104 is the longer-term positional target. The M-TC at 56,984 is a critical positional support — a monthly close below this level would flip the entire positional structure bearish for BankNifty. Importantly, BankNifty’s 1.98% monthly CPR width signals that even in a trending month, the index will experience significant intra-month volatility and range behavior, making it unsuitable for tight positional stop strategies. The PDL breakdown today is concerning at the intraday level but does not yet threaten the monthly positional bull case, which requires a far more significant correction to invalidate.

Sensex’s Day CPR is narrow at 0.13% with an inverted CPR — BC is 77,202 and TC is 77,104, meaning BC > TC. An inverted CPR is a battleground zone signal: it indicates the prior session’s range created a pivot structure where the traditional calculation flips, and price closing within this zone (as Sensex did at ~77,055) signals maximum indecision. The narrow 0.13% width, however, still qualifies as a trend-day setup — the tight CPR band means whichever side wins the open will likely trend. The key Camarilla levels are R3 at 77,165 and R4 at 77,276 on the upside; S3 at 76,945 and S4 at 76,834 on the downside. Sensex closed inside the prior day’s range (PDH 77,402 / PDL 77,001), mirroring Nifty’s range-bound behavior and contrasting with BankNifty’s PDL breakdown — this confirms that Sensex and Nifty held up better than BankNifty today, with banking stocks being the primary drag. Tomorrow’s trigger: a Sensex open above inverted BC at 77,202 (the higher of the two CPR levels) would resolve the battleground zone bullishly and target R3 at 77,165 and R4 at 77,276; below TC at 77,104 confirms bearish resolution toward S3 at 76,945.

Sensex’s Weekly CPR is ultra-narrow at 0.09% (W-BC 77,462 / W-TC 77,534) — this is the strongest possible trending-week signal for Sensex, rarer than even the 0.11% weekly CPR on Nifty. A 0.09% band is virtually a single line on a chart, and historically this configuration precedes a strong trending week where price moves decisively in one direction from the weekly pivot zone. The current close of approximately 77,055 is below W-BC at 77,462 — this is a key bearish swing observation: Sensex is trading below its own ultra-narrow weekly CPR, which means the weekly trend-day impulse currently has a bearish resolution. For weekly swing bias to turn bullish, Sensex must reclaim W-BC at 77,462 and then W-TC at 77,534 on a closing basis. Below this band, W-S1 at 76,331 and weekly Camarilla W-S3 at 76,908 are the primary swing support targets. The ultra-narrow weekly CPR combined with a price close below the band is a high-priority swing signal: Sensex could see a sharp trending move lower this week if 77,462 is not reclaimed promptly.

Sensex’s Monthly CPR is wide at 1.02% (M-BC 75,561 / M-TC 76,339), firmly in the range-bound positional regime. Price at approximately 77,055 is above Monthly Pivot at 75,950 but currently below M-TC at 76,339 — this is a subtle but important positional read: Sensex is above its monthly midpoint but has not cleared the upper boundary of the monthly CPR band. This positions Sensex in neutral-to-cautiously-bullish positional territory — not as clean a bull setup as Nifty (which is comfortably above M-TC at 23,799). For positional bulls, the key level to clear is M-TC at 76,339 on a weekly close basis, which would open the path to M-R1 at 78,581 and eventually M-R2 at 80,434. For positional bears, a sustained close below M-BC at 75,561 would invalidate the monthly bull case entirely. The divergence from Nifty is worth noting: Nifty is cleanly above M-TC, Sensex is below M-TC — this suggests Nifty is the stronger index positionally, consistent with BankNifty’s weakness dragging Sensex (which has a higher banking weight) more than the broader Nifty.