Day reads · Thu, 29 Oct, 2026 · NIFTY futures
‹ 2026-10-28 · 2026-10-30 ›Trend day up: open test drive broke prior supply, built higher value and closed on the high
NIFTY futures tested the open at 22712.2, then drove higher through the previous day's high and selling tail, and extended in two legs to close at 23046.2 near the high. Buyers one-timeframed all day, left a long buying tail as excess at the low, and accepted price above yesterday's supply, so value migrated sharply higher.
Day type
trend
Open
open test drive
In control
buyers
Range
346.8pt · 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
How the day unfolded
- Open tested lower, then drove · A–B · 09:15–10:15The open probed down to 22712.2 inside yesterday's value, found no sellers, and reversed into a drive. B was initiative buying above prior value, and the IB closed above the morning VWAP. That long tail at the low became the day's excess.
- Extension through prior supply · C–D · 10:15–11:15C broke above the IB high 22885 and through yesterday's selling tail, the first range extension and the only one in that direction. D's responsive selling pulled back but held above the IB high, so the breakout was accepted.
- Midday balance at new value · E–H · 11:15–13:15Price rotated around a new POC near 22935 in narrow periods. H's dip to 22875 stopped right at the top of yesterday's supply zone, now acting as support.
- Second leg to the high · I–M · 13:15–15:30Initiative buying resumed in I and J, and K moved fast enough to leave single prints between 23010 and 23025. L made the high at 23059 and M closed near it, with no selling tail to end the auction.
Why it happened
Buyers one-timeframed the whole day
Every leg made higher lows and new highs with no sell-side extension, the signature of other-timeframe buyers in control. Sellers only ever responded on pullbacks; they never initiated.
Range extension up 174 pts, down 0; 7 initiative buying vs 0 initiative selling periods; close 23046.2 at closeLocation 0.96
Excess at the low rejected the open
The opening test lower was rejected hard and never revisited, leaving strong excess. The upside attempt held the morning VWAP through the IB, so the drive stayed alive.
Buying tail 22710–22785, 15 rows (excess low); morning VWAP 22814.1, IB closed above it, never broken
Prior supply broken and turned to support
Yesterday's selling tail was the obvious place for sellers to defend, but price traded through it and later pullbacks held on its top. Old resistance accepted as support confirmed the buyers.
2026-10-28 selling tail 22845–22875 traded through; single prints 22845–22870; D low 22884, H low 22875
Value migrated sharply higher
Value was built entirely above yesterday's value, and the multi-day balance was accepted out to the upside. This was a re-pricing, not just a spike.
Value 22870–23040 vs prior 22600–22780 (HIGHER); POC 22935, +275 pts; L2 balance 22725–22860 accepted UP on 2026-10-29
Rally ran against the larger downtrend
The bigger picture still pointed down and participation was light, so this was a strong day inside a falling swing, not yet a reversal of it.
10-session migration DOWN −276 pts; swing DOWN, swing VWAP 22805.53 sloping −20/session, flip 23185.56; volume ratio 0.7
What this day teaches
An open test drive tests one side first, then drives the other
The early probe to 22712.2 found no sellers and became the excess that launched the drive up.
Supply that is traded through becomes support
Yesterday's selling tail at 22845–22875 was broken in C and then held the H pullback at 22875.
Trend days pause and build a second distribution
Midday balance around 22935 was not the end; the auction resumed in the afternoon and left a double distribution closing on the high.
All facts
| Session | O 22734.9 · H 23059 · L 22712.2 · C 23046.2 · VWAP 22935.7 |
| IB | 22712.2–22885 (172.8pt) |
| Extension | ↑174 from C · ↓0 |
| Open | open test drive · inside value |
| Activity | IB 7 · RB 0 · IS 0 · RS 2 · rotation 3 |
| Volume | 0.70× the 10-session median |
| Value | 22870–23040 · POC 22935 · double distribution |
| Extremes | high no tail · low excess (75pt tail) |
| Single prints | 22845–22870, 23010–23025 |
| Value vs prior | higher · POC +275pt |
| Morning VWAP | 22814.1 · up attempt held it in the IB |
| Failed move | none |
| Swing VWAP | 22805.5 from the high 23256 (2026-10-19) · down · price above |
| Longer timeframe | down (−276pt) |
| L2 | 22725–22860 · accepted up |
| Prior zones | 22845–22875 selling tail (10-28) · supply · traded through |
| 22565–22590 buying tail (10-28) · demand · untouched (closest 122.2pt) |
| Reference | Price | From close |
|---|
Limits: The L2 bracket's acceptance state at the open was unknown (null), so the breakout was only confirmed by today's own close.
Built 29/10/2026, 15:40:59 · 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.