Day reads · Wed, 28 Oct, 2026 · NIFTY futures
‹ 2026-10-27 · 2026-10-29 ›Neutral day: gap-down sellers failed below IB, buyers ran to prior value, excess capped both ends.
NIFTY futures gapped below the prior day's range, broke the IB low to 22567, then reversed through the IB high to 22870.8 before settling in the middle near 22773. The downside break found no follow-through and left a buying tail, and the failed move fuelled a fast rally that stalled inside the prior session's value, so the day ended balanced with rejection at both extremes.
Day type
neutral
Open
open auction
In control
two-sided
Range
303.8pt · 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
- Gap below range, sellers extend · A–C · 09:15–10:45The open came in below the prior day's range and auctioned both ways, so no open type took charge. B set the IB at 22600–22730, and C extended down to 22567 with initiative selling. No one followed the break lower, and it left a buying tail.
- Responsive buyers reclaim the IB · D–G · 10:45–12:45Responsive buying lifted price back into the IB, and the morning VWAP at 22658.1 was reclaimed at 11:05. F extended above the IB high and G pushed on to 22774. The day now had range extension on both sides.
- Failed move, fast rally, rejection · H · 12:45–13:15With the down attempt confirmed failed at 12:40, price ran 122 points in 21 minutes to 22870.8 on H's heavier volume. That high stopped inside prior value and below the prior high, and left a selling tail of excess.
- Rotation around the POC · I–M · 13:15–15:30The afternoon rotated between roughly 22735 and 22840 with no new extremes. The close at 22773 sat on the POC at 22770, a balanced D-shaped profile.
Why it happened
Break below the IB found no sellers
Sellers pushed out the IB low but could not hold lower prices. The buying tail showed the auction ended there with a rejection.
C low 22567; buying tail 22565–22590 (5 rows, excess); 724-lot print at 22588 at 10:17 absorbed, OI mixed; D responsive buying
Failed down move released buyers
Once the downside attempt was reversed through the opposite IB edge, shorts were trapped. The other side moved fast, as failed moves tend to allow.
Armed 10:20 by IB break; failed 12:40 at 22748.6 above IB high 22730; +122.2 pt in 21 min to 22870.8; morning VWAP 22658.1 broke at 11:05 (22675.3), +195.5 after
Prior value capped the rally
The rally re-entered the previous day's value and the L2 balance, where responsive sellers met it. It was rejected short of the prior high.
High 22870.8 vs prior VAH 22860 and L2 VAH 22860; prior high 22916.95 untouched; selling tail 22845–22875 (6 rows, excess)
Longer timeframe still leans down
Value slipped lower again and price stayed under the falling swing VWAP. The day's recovery was a balance inside a downtrend, not a reversal of it.
Value OVERLAPPING_LOWER, POC −45 to 22770; 10-session migration −224; swing VWAP 22792.62 sloping down, close below
Two-sided control, a neutral day
Each side extended the range and each was rejected at its extreme. Neither side kept control, and the close settled at fair value.
Extension up 140.8 / down 33; dayType NEUTRAL; close 22773 vs POC 22770, close location 0.68
What this day teaches
From failed moves come fast moves
The break below the IB failed, and once price was accepted back above the IB high it covered 122 points in 21 minutes.
Excess at both ends marks a completed balance
Tails at 22567 and 22870.8 framed a D-shaped neutral day that closed on its POC.
A gap away from value must be accepted or it is repaired
The gap below the prior range drew no follow-through, and price auctioned back into prior value before responsive sellers appeared.
All facts
| Session | O 22683.4 · H 22870.8 · L 22567 · C 22773 · VWAP 22701.1 |
| IB | 22600–22730 (130pt) |
| Extension | ↑140.8 from F · ↓33 from C |
| Open | open auction · below range |
| Activity | IB 0 · RB 4 · IS 2 · RS 0 · rotation 6 |
| Volume | 1.07× the 10-session median |
| Value | 22660–22840 · POC 22770 · D-shape |
| Extremes | high excess (30pt tail) · low excess (25pt tail) |
| Single prints | none |
| Value vs prior | overlapping lower · POC −45pt |
| Morning VWAP | 22658.1 · down attempt held it in the IB · broke 11:05 |
| Failed move | ib break down failed 12:40 at 22748.6 → 122.2pt in 21 min |
| Swing VWAP | 22792.6 from the high 23256 (2026-10-19) · down · price below |
| Longer timeframe | down (−224pt) |
| L2 | 22725–22860 |
| Large prints | 10:17 SELL? 724 @ 22588 · absorbed · OI mixed · OI +168 → +408 lots |
| Reference | Price | From close |
|---|
Limits: Prior session close is null, so the gap size against the prior close is unknown. · One-timeframing is null and L2 acceptance is unconfirmed (accepted null). · The only large print's side is inferred and ambiguous, and its OI read is mixed.
Built 28/10/2026, 15:40:54 · 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.