Day reads · Mon, 26 Oct, 2026 · NIFTY futures
‹ 2026-10-23 · 2026-10-27 ›Normal day: A probe rejected at prior demand, B rallied into supply, buyers closed near the high.
NIFTY futures set a 345-point initial balance in the first hour: a drop to 22444.6 was rejected, a rally ran to 22790, and the rest of the day stayed inside that range before closing at 22772 near the high. A probe into the previous session's buying tail left excess at the low, the morning pullback never threatened it, and afternoon initiative buying lifted value higher.
Day type
normal
Open
open auction
In control
buyers
Range
345.4pt · closed on the high
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 (4)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
- Probe down rejected at demand · A · 09:15–09:45The market opened inside the previous session's value and auctioned lower, straight into the prior buying tail. It found buyers at 22444.6 and closed the period well off the low. This left a long buying tail.
- B drives into prior supply · B · 09:45–10:15B was the day's big move, a 285-point rally of initiative buying. It went through yesterday's value high and old single prints and stopped at 22790, inside the prior selling tail. The IB covered the whole day's range.
- Responsive selling, then balance · C–G · 10:15–12:45Sellers responded from the top. They pushed price back through the middle of the range to 22578 in E. Price slipped under the morning VWAP but went nowhere, and heavy selling around 22600–22650 was absorbed. G built the day's fattest volume near the POC.
- Buyers return to the top · H–M · 12:45–15:30H through J were initiative buying that carried price back to 22786, just short of the high. K and L only rotated near the top, and the session closed at 22772.
Why it happened
Excess low at prior demand
The probe lower found the previous session's buying tail and was rejected hard. That ended the downside auction for the day and handed the initiative to buyers.
Low 22444.6 vs prior buying tail 22435–22450 (tested, held); today's tail 22440–22505, 13 rows, excess low
Buyers accepted value higher
Initiative buying outnumbered initiative selling six periods to none. Value and the POC moved up, so buyers controlled the day's fair price, not just its spikes.
Value 22625–22775 vs prior 22470–22635, overlapping higher; POC 22660, +155; close location 0.95, above VWAP 22662.9
The pullback was only responsive
Selling after B came from above prior value, which makes it responsive selling. It never got near the morning low. Large sell prints were absorbed rather than followed, so sellers could not start a new auction.
C, D responsive selling; E low 22578; morning VWAP 22597.9 lost at 11:35 with only 2.3 pts follow-through; 12:41 7,915-lot sell at 22650.4 absorbed, OI build-up reversed
Prior supply capped both highs
The previous session's selling tail held twice, in B and again in J. Buyers controlled the day but had not yet repaired that excess.
Prior selling tail 22760–22855 tested, held; highs 22790 (B) and 22786 (J); 1-row tail at the high, no excess
Inside a multi-day balance, swing still down
The day traded wholly inside the L2 balance, which had been accepted lower. The 10-session migration is up, and price closed above a swing VWAP that is still falling, so the larger picture is mixed.
L2 22600–22810 (accepted down 2026-10-23); 10-session migration +198 UP; swing VWAP 22730.59 sloping −64.3/session; flip 23108.05
What this day teaches
Excess marks the end of an auction
The 13-row buying tail at the prior demand zone was never revisited; the low was set in A and the market spent the rest of the day above it.
A wide IB usually contains a Normal day
The other timeframe did its buying and selling in the first hour, and the 345-point IB held every later period, with no range extension either way.
Responsive moves that fail to reach the other extreme hand control back
Selling from the top stalled at 22578, far above the morning low, and the initiative buyers took the market back to the high by the close.
All facts
| Session | O 22565 · H 22790 · L 22444.6 · C 22772 · VWAP 22662.9 |
| IB | 22444.6–22790 (345.4pt) |
| Extension | ↑0 · ↓0 |
| Open | open auction · inside value |
| Activity | IB 6 · RB 0 · IS 0 · RS 3 · rotation 3 |
| Volume | 1.63× the 10-session median |
| Value | 22625–22775 · POC 22660 · D-shape |
| Extremes | high no tail · low excess (65pt tail) |
| Single prints | none |
| Value vs prior | overlapping higher · POC +155pt |
| Morning VWAP | 22597.9 · broke 11:35 |
| Failed move | none |
| Swing VWAP | 22730.6 from the high 23180 (2026-10-19) · down · price above |
| Longer timeframe | up (+198pt) |
| L2 | 22600–22810 · accepted down |
| L3 | 23418–23646 · accepted down |
| Large prints | 11:40 SELL 816 @ 22607.2 · absorbed · OI mixed · OI +231 → +221 lots |
| 11:42 SELL? 699 @ 22608.7 · absorbed · OI mixed · OI +277 → +534 lots | |
| 11:50 SELL? 615 @ 22600.5 · book followed · short build-up · OI +555 → +347 lots | |
| 12:41 SELL? 7,915 @ 22650.4 · absorbed · short build-up → reversed · OI +7,938 → +1,887 lots | |
| Prior zones | 22435–22450 buying tail (10-23) · demand · tested held |
| 22685–22720 single prints (10-23) · supply · traded through | |
| 22760–22855 selling tail (10-23) · supply · tested held | |
| 22865–22935 single prints (10-21) · supply · untouched (closest 75pt) | |
| 23115–23140 selling tail (10-21) · supply · untouched (closest 325pt) | |
| 23155–23185 selling tail (10-19) · supply · untouched (closest 365pt) |
| Reference | Price | From close |
|---|
Limits: No opening attempt was classified (attempt and attemptHeldThroughIb are null), so the morning VWAP read is limited to its 11:35 break. · Large-print sides are inferred with no aggressor flag; two of the four were ambiguous.
Built 27/10/2026, 07:49:50 · 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.