Attached are charts of the Nifty and the bank Nifty where we track the building value and the vwap as well as the effective delta for a particular series
The blue centre line at 5619 is the vwap and the orange and green lines are extensions of the same vwap line.
The purple areas are the value areas.
The pane below has the net delta for the series which is the diference in buying and selling volumes as also a good proxy for Oen Interest.
As can be seen the selling in the series has been from the beginning ( lower pane)
5534 is the max volume traded for the series so far
5620 is vwap and sellers will come back to defend the level here
break above VAH at 5714 will turn the trend for the series.
Attached also the BN chart :
11158 is vwap
11315 is VAH and as discussed previously gives short term change of momentum
10985 is the region of max volumes.
Net analysis : Both markets are above POC and below VWAP which means a sideways trend will play till the market resolves.
