POST-IB BRIEF — NIFTY
- IB unbroken (24187.1-24287.25, 100pts); both of last night’s key boundaries (24210 LIS, 24248 balance VAH) were tested and neither held with acceptance.
- Open-Test-Drive: probed to 24187.1, reversed through 24210, tagged 24287.25, then faded back to ~24243.
- Yesterday’s P-Shape caution is recurring, not resolved — today’s live day type reads P-Shape again.
OPEN ASSESSMENT
Open (24249.55) sat inside yesterday’s TPO value (24210-24260), so sentiment carried over unchanged. Last night’s primary scenario — value-holding rotation above 24210 toward the naked 24290 volume POC — is intact but shaky: price wicked below 24210 to the day low (24187.1) before reversing.
INITIAL BALANCE
IB: 24187.10-24287.25 = 100.15 pts. IB vs ATR-20 (226.36) = 44.2% — narrow relative to ATR, though close to the recent average IB size (94.3% of avg). No breakout yet (direction NONE); the IB range still equals the day’s entire range so far.
VOLUME & OPTIONS CHECK
Straddle (256.6 pts, 1.06% of spot) and combined IV (10.33) are essentially flat versus yesterday’s 10.31 close — no rapid decay, no spike. IV regime stays NORMAL (40th percentile). Put wall sits at 24200 (heaviest OI), directly under the LIS; call wall is far overhead at 25000.
DEVELOPING DAY TYPE
Live read is P-Shape again (confidence 0.7, “buying early, balance late”) — the same old-business/short-covering caution flagged in last night’s review is recurring intraday. Day timeframe still in control; neither extreme has been confirmed by OTF acceptance.
TODAY’S PLAN
– LINE IN THE SAND: 24210
– Above 24248 (16-day balance VAH): the fresh naked Volume POC at 24290 is the target, but the IB already failed once at 24287.25 — require acceptance, not just a touch.
– Below 24210: targets the 24041-24177 gap zone and the weekly anchored VWAP (24081); confirms the P-Shape short-covering read.
– TRAP WARNING: chasing longs into 24252-24290 — a stacked, unconfirmed selling-tail shelf already rejected once today.
KEY LEVELS
24290 Naked Volume POC (fresh) — upside magnet | 24287 Today’s IB/day high — failed test | 24252-24284 Selling-tail shelf (yesterday, unconfirmed) — overhead resistance | 24248 16-Day Balance VAH — the ceiling being pressed | 24230 Yesterday’s TPO POC (fresh, naked) — pullback magnet | 24210 TPO VAL / Line in the Sand — tested, held so far | 24200 Put Wall / 756-Day Macro VPOC — deep support confluence