Day reads · Thu, 22 Oct, 2026 · NIFTY futures
‹ 2026-10-21 · 2026-10-23 ›Normal variation day: buying tail at the low, prior singles capped the high, value rotated lower
NIFTY futures opened below the prior day's range, rejected 22555 with a buying tail, then extended up through the IB only to stall at the prior session's unrepaired single prints near 22814. The rest of the day rotated inside a D-shaped profile with value overlapping lower, so neither side won control.
Day type
normal variation
Open
open auction
In control
two-sided
Range
259.3pt · closed mid-range
Session map ⓘEach bar is a 30-minute TPO period (A = 09:15), coloured by Dalton activity against yesterday's value. Shaded: today's value area and nearby prior supply / demand. Hover a bar for its numbers.
Initiative buyingAn up period above yesterday's value — buyers taking new groundResponsive buyingAn up period below yesterday's value — buyers responding to low pricesInitiative sellingA down period below yesterday's value — sellers taking new groundResponsive sellingA down period above yesterday's value — sellers responding to high pricesRotationNo clear direction, or inside yesterday's valueToday's value area▲▼ Large prints (1)Large prints: 500+ lots in one ~2s poll. ▲ buyer-initiated, ▼ seller-initiated (inferred). Hover one for whether the book followed and the OI read. Information only — not shown to predict price.
How the day unfolded
- Low probed, buying tail left · A–B · 09:15–10:15The open sat below the prior day's range, and A probed down to 22555 before buyers pushed back. That left an 8-row buying tail, excess that ended the downside auction. B made a new high and set a wide 140-point IB.
- Extension up into prior supply · C–E · 10:15–11:45C broke the IB high and D ran to 22814.3, straight into the unrepaired single prints from 21 October. The zone held. E stalled at the same level and closed on its low, leaving a poor high with no tail.
- Sellers press to value low · F–G · 11:45–12:45F was the day's only initiative selling period and dropped toward 22610. G held just above that, and the break of the morning VWAP at 12:20 got only 3 points of follow-through. Sellers could not extend.
- Two-sided rotation, close mid-range · H–M · 12:45–15:30H spiked toward the highs and failed. A large sell print at 22740.1 was absorbed, and price rotated back. K and L repeated the swing, and the close settled mid-range, just above session VWAP.
Why it happened
Prior single prints capped the rally
The previous session's fast-move zone acted as supply. Two periods stopped there, so the upside auction stalled without excess.
High 22814.3 in D, E high 22813; prior singles 22800–22825 tested and held; poor high true
Excess at the low rejected lower prices
Buyers responded hard in A, ending the downside auction early. Range extension came only on the upside after that.
Buying tail 22555–22595, 8 rows, excessLow true; extension up 119.3, down 0
Value overlapped lower: balance, not trend
Value slipped below the prior POC but overlapped prior value. Both sides traded, and neither was accepted away.
Value 22640–22755, POC 22670 (−45 pts), OVERLAPPING_LOWER; shape D; 11 of 12 periods rotation
Heavy volume inside a balance
Above-normal trade with no directional follow-through means volume was exchanged two-sidedly. This is the signature of a fair-value search.
Volume ratio 1.45; close 22711.4 in the middle, above VWAP 22687.3
Timeframes disagreed
The 10-day migration is up, but price sits below the swing VWAP and far below the multi-day balances. That left no clear other-timeframe driver.
LTF migration +425 up; swing VWAP 22768.9 above price; read NEUTRAL (ltf +1, value −1, initiative −1)
What this day teaches
Excess ends an auction; a poor high leaves unfinished business
The low ended with an 8-row buying tail and was never revisited, while the high at 22814.3 was flat across two periods with no tail.
Single prints from prior sessions are references the market returns to
The rally stopped exactly in the 21 October single prints at 22800–22825, which acted as supply.
Overlapping value with a D shape means balance
Value overlapped the prior day's, the POC sat mid-profile, and every push from either side rotated back toward 22670.
All facts
| Session | O 22644.5 · H 22814.3 · L 22555 · C 22711.4 · VWAP 22687.3 |
| IB | 22555–22695 (140pt) |
| Extension | ↑119.3 from C · ↓0 |
| Open | open auction · below range |
| Activity | IB 0 · RB 0 · IS 1 · RS 0 · rotation 11 |
| Volume | 1.45× the 10-session median |
| Value | 22640–22755 · POC 22670 · D-shape |
| Extremes | high poor · low excess (40pt tail) |
| Single prints | none |
| Value vs prior | overlapping lower · POC −45pt |
| Morning VWAP | 22627.4 · up attempt held it in the IB · broke 12:20 |
| Failed move | none |
| Swing VWAP | 22768.9 from the low 22271 (2026-10-08) · up · price below |
| Longer timeframe | up (+425pt) |
| L2 | 22600–22810 |
| L3 | 23418–23646 · accepted down |
| Large prints | 12:57 SELL 603 @ 22740.1 · absorbed · OI mixed · OI +148 → +19 lots |
| Prior zones | 22660–22675 buying tail (10-21) · supply · traded through |
| 22800–22825 single prints (10-21) · supply · tested held | |
| 22865–22935 single prints (10-21) · supply · untouched (closest 50.7pt) | |
| 23115–23140 selling tail (10-21) · supply · untouched (closest 300.7pt) | |
| 23155–23185 selling tail (10-19) · supply · untouched (closest 340.7pt) |
| Reference | Price | From close |
|---|
Limits: The new L2 balance (22600–22810) has no acceptance yet (accepted null), so its direction is unknown. · The large print's initial positioning is null and its OI change faded, so it adds little to the read.
Built 22/10/2026, 15:40:43 · claude-opus-5-5
Educational only. Facts are computed by fixed rules from the session's futures data and written up by an AI model, published without review. They describe what the market did; they name no trades, levels to act on or expectations for the next session. Not investment advice — see the disclosures below.