POST-IB BRIEF — NIFTY
- Gapped up 50 pts to 24,282 (day’s high so far), filled the gap by 9:20am, now back at 24,232 — almost exactly on yesterday’s value-area high.
- Initial Balance is narrow (42% of 20-day ATR) and holds 100% of today’s range — coiled, no breakout yet.
- Line in the sand: 24,230. Above opens 24,282 then 24,300-24,320; below re-opens the gap toward 24,200 and 24,110.
OPEN ASSESSMENT
Opened 50 pts above yesterday’s close at 24,282 — outside yesterday’s value area (24,200-24,230) — an Open Auction with no early conviction. Gap filled by 9:20; price settled back on yesterday’s value-area high. Responsive so far, not an initiative drive.
INITIAL BALANCE
24,206.80-24,282.00 = 75 pts, just 42% of the 20-day ATR (180 pts) — narrow, tilted toward a later breakout, not a contained day. No breakout yet; IB still holds all of today’s range.
VOLUME & OPTIONS CHECK
The 9:20 straddle has barely decayed — down 2% (176.65 to 173.35) — sticky, not a balance-day collapse. IV sits in the bottom quartile, flagged low and stable. Put wall 24,200, call wall 24,300 — both close by.
DEVELOPING DAY TYPE
Reads as a b-Shape signature — selling early, value settling low (confidence 0.7, still forming) — old long-liquidation, not fresh selling. Day timeframe in control; no OTF conviction yet. Rotations run ~35% below what IV implies (rubber band compressed) — if the IB breaks one side, don’t fade it.
TODAY’S PLAN
– LINE IN THE SAND: 24,230 — yesterday’s value-area high, with today’s freshest naked point of control at 24,220 just beneath.
– Above 24,230: re-opens the IB high (24,282), then the naked volume POC / call-wall cluster at 24,300-24,320.
– Below 24,206.80 (IB low): re-enters yesterday’s gap-support zone and put wall (24,200), with naked POCs at 24,110 and 24,060 as deeper magnets.
– TRAP WARNING: today’s range fully contains yesterday’s own selling-tail zone (24,217-24,265) — a reclaim above 24,230 runs into prices rejected just one session ago.
KEY LEVELS
24,320 | Naked Volume POC | Yesterday’s volume POC, untested
24,300 | Call Wall | Largest call OI strike
24,282 | IB High | Session high
24,230 | Line in the Sand | Yesterday’s value-area high
24,220 | Naked TPO POC | Yesterday’s fair price, untested
24,206.80 | IB Low | Session low
24,200 | Put Wall | Largest put OI strike, also yesterday’s VAL