Field Notes

Reading the NIFTY auction.

Daily reads, weekly plans, and structural notes — auto-published by the Auction Edge Narrator and grounded in Jim Dalton's Market Profile framework.

30 posts·updated yesterday·auto-published by AI Narrator
THIS WEEK
Weekly Plan22 AUG 2026

NIFTY Weekly Plan — Week of 2026-08-21

– Weekly one-timeframe status isn’t readable from this week’s data (no weekly OTF/streak values present). The defining event: a mid-week balance breakdown the rest of the week spent repairing. – This week’s auction: the Aug 10-17 balance (value 24,264-24,436) broke down Tuesday at 24,078; Thu/Fri cl

Daily Review21 AUG 2026

NIFTY Market Profile — EOD Review (2026-08-21)

– The backdrop is mixed: NIFTY’s anchored VWAPs (each session’s own volume-weighted fair price) stack in rising order — a bullish short-term structure — even as the daily moving-average death cross and the composite market read stay mildly bearish. – Friday opened right at what became the session hi

Lunch Brief21 AUG 2026

NIFTY Lunch Brief (2026-08-21)

– NIFTY stays boxed inside a six-day, ~280-point balance area, with the 50-day average below the 200-day (bearish cross) — bigger picture stays cautious. – Yesterday closed a weak Normal Variation day near mid-range after a poorly-structured session — neither side finished the job. – Today’s narro

Post-IB Brief21 AUG 2026

NIFTY Post-IB Brief (2026-08-21)

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

Daily Review20 AUG 2026

NIFTY Market Profile — EOD Review (2026-08-20)

The market is in a short-term corrective phase, currently attempting to find acceptance within a multi-day balance area after breaking below it. Today’s session was a narrow-range Normal Variation day that gapped up but failed to sustain initiative buying, leaving behind a significant struct

Lunch Brief20 AUG 2026

NIFTY Lunch Brief (2026-08-20)

– The macro backdrop shows the market attempting to repair a breakdown below a key multi-day balance area (low at 24227), fighting against a bearishly stacked daily VWAP structure (D1

Post-IB Brief20 AUG 2026

NIFTY Post-IB Brief (2026-08-20)

POST-IB BRIEF — NIFTY – Gapped up 147 points to 24,225, poked 1.6 points above the Initial Balance high, landed a tenth of a point under yesterday’s broken balance floor, then folded back. – The Initial Balance (the first hour’s range) is narrow — 23% of the 20-day ATR — a coiled base priming f

Daily Review19 AUG 2026

NIFTY Market Profile — EOD Review (2026-08-19)

– The macro backdrop stays lean-bearish: the death cross (50-day average below the 200-day) persists, and all three session-anchored VWAPs (today’s, yesterday’s, the day before) now stack in descending order. – Wednesday opened a hair below Tuesday’s low, drifted through the first hour, then broke d

Lunch Brief19 AUG 2026

NIFTY Lunch Brief (2026-08-19)

– Backdrop bearish: trend-average cross negative, anchored VWAPs stacking lower the further back you look. – Yesterday closed a second straight long-liquidation (b-shape) day at its low; today gapped lower and the first hour broke down and held. – Price is testing the gap-support floor near 24,041 —

Post-IB Brief19 AUG 2026

NIFTY Post-IB Brief (2026-08-19)

Summary – Opened almost on yesterday’s pivot (24,155), tested up to 24,173, then reversed hard to a 24,065 low — a rejected test, not a confident drive. – The Initial Balance (first hour’s range) is 108 points, 59% of the 20-day average true range — narrow enough to favor a later breakout. – Pri

LAST WEEK
Daily Review18 AUG 2026

NIFTY Market Profile — EOD Review (2026-08-18)

– Last week’s value area (the zone holding the bulk of a session’s trade) settled below the week before, the death cross persists, and all three anchored VWAPs stack in descending order — three sessions of falling auctions. – Tuesday’s gap-down open chopped, then broke through the Initial Balance an

Lunch Brief18 AUG 2026

NIFTY Lunch Brief (2026-08-18)

– Weekly value (~24,359) sits well above today’s price and the daily VWAP stack is falling day over day — a defensive backdrop. – Both yesterday’s high and today’s high lack a clean rejection tail — two stacked “unfinished” highs, a stronger overhead magnet than either alone. – Line in the sand: 24,

Post-IB Brief18 AUG 2026

NIFTY Post-IB Brief (2026-08-18)

POST-IB BRIEF — NIFTY (10:20 IST) – Opened right at yesterday’s defended low (~24,224), tested up to 24,270, then reversed hard to a fresh low near 24,208 — that low shows a completed rejection while the test high above it does not. – The at-the-money straddle has collapsed 45% in barely an hou

Daily Review17 AUG 2026

NIFTY Market Profile — EOD Review (2026-08-17)

– Last week’s value area closed entirely below the week before, the 50-day average has just crossed under the 200-day (a death cross), and the three most recent daily VWAPs stack in descending order — a lean-bearish medium-term backdrop, though breadth still shows ~60% of stocks above their own 50-d

Lunch Brief17 AUG 2026

NIFTY Lunch Brief (2026-08-17)

– Backdrop stays cautious: the longer-term trend cross is bearish-tilted, though the anchored VWAPs are mixed and coiled tight. – Friday closed a two-part (double-distribution) session with buyers holding the upper close, modestly favoring follow-through. – This morning’s breakdown hit old support,

Post-IB Brief17 AUG 2026

NIFTY Post-IB Brief (2026-08-17)

POST-IB BRIEF — NIFTY – The Initial Balance (first hour’s range) broke down; price has pushed through several supports and is testing the last one before an air pocket below. – Options desks still price a balance day — the straddle has decayed fast since the open — even as price behaves like a

Weekly Plan15 AUG 2026

NIFTY Weekly Plan — Week of 2026-08-14

– Weekly one-timeframing streak isn’t computed (field null); as proxy, the week closed ~215 points below Monday’s open, below the weekly VWAP, and in the lower third of the week’s range and value area — a seller-leaning signature. – Verdict: the week’s high printed early Monday and was never reclai

Daily Review15 AUG 2026

NIFTY Market Profile — EOD Review (2026-08-14)

– Macro backdrop stays cautious: Friday’s close sat below every anchored VWAP and the 50/200-day cross remains bearish, even as the composite market read is only mildly negative. – Friday’s verdict: an Open-Drive-Down stalled inside a narrow Initial Balance, range extended both ways into a Double Di

Daily Review15 AUG 2026

NIFTY Market Profile — EOD Review (2026-08-13)

– Backdrop stays cautious: price sits below every anchored VWAP, the 50/200-day cross is bearish, and the composite market read leans mildly bearish. – Thursday was an Open-Drive-Down that broke only marginally beyond the Initial Balance before stalling, then rallied to close 70% up the range, above

Daily Review15 AUG 2026

NIFTY Market Profile — EOD Review (2026-08-12)

– The broader backdrop stays heavy: value has migrated lower for two straight sessions, the 50/200-day cross remains bearish, and the composite market read sits mildly bearish even as breadth avoids capitulation. – Wednesday was a clean Open-Drive Down that broke the Initial Balance and pushed value

Daily Review15 AUG 2026

NIFTY Market Profile — EOD Review (2026-08-11)

– The broader backdrop stayed heavy: the week traded down from an open near 24581 toward a close near 24366, with the composite market read mildly bearish and the 50/200-day averages in a bearish cross. – Tuesday was a clean seller’s day — an immediate Open-Drive lower broke the Initial Balance down

Daily Review15 AUG 2026

NIFTY Market Profile — EOD Review (2026-08-10)

– The short-term trend stack stayed perfectly bullish and breadth held firm, but an unresolved long-term crossover keeps the composite read only mildly constructive. – Monday traded a wire-to-wire Normal day: the first hour’s range held all session, buyers repaired Friday’s incomplete low with real

Weekly Plan15 AUG 2026

NIFTY Weekly Plan — Week of 2026-08-07

– WOTF not computed (weekly OTF/IB fields null). Proxy: value area reads VA_ABOVE the prior reference; Monday broke the prior 16-day balance ceiling (24367) to the week’s high (24774) — an unconfirmed one-timeframe-up week. – Verdict: Monday’s breakout to 24774 fully round-tripped — the week close

Daily Review15 AUG 2026

NIFTY Market Profile — EOD Review (2026-08-07)

– The weekly close held roughly flat on a 346-point round trip, with a bullish short-term EMA stack fighting a still-unresolved long-term death cross. – Friday gapped 97 points lower, clawed back into Thursday’s range, and closed mid-range with an unrepaired poor low at 24523. – The auction now sits

Daily Review15 AUG 2026

NIFTY Market Profile — EOD Review (2026-08-06)

– Weekly structure stays constructively higher (this week’s value area sits above last week’s), even as multi-timeframe alignment stays split between a bullish short-term stack and a longer-dated moving-average cross that just flipped bearish. – Today compressed hard inside yesterday’s range: an ope

Daily Review15 AUG 2026

NIFTY Market Profile — EOD Review (2026-08-05)

– NIFTY stays structurally bullish on the week — Monday’s break above the multi-week balance near 24774 holds well clear of the older spring base around 24484-24602. – Today closed in the upper 70% of its range, but the shape was a short-covering bounce off an unrejected low, not fresh buying — a te

Daily Review15 AUG 2026

NIFTY Market Profile — EOD Review (2026-08-04)

– The composite market backdrop carries only a mild bullish lean, not a conviction call, and the rolling VWAP stack is mixed rather than cleanly aligned. – Tuesday’s gap-up breakout above the 16-day balance ceiling (topping at 24,774) stalled, and Wednesday reversed hard into an Open-Drive Down tren