NIFTY: 14-Day Rolling VWAP Remains the Key Decision Zone

Jul 1

NIFTY is approaching an important technical area around the 14-Day Rolling VWAP (~24,040), which has acted as resistance during today's session.

Participant-wise OI positioning continues to suggest a constructive (bullish) bias, but price confirmation is still required.

A sustained 15-minute close above the 14-Day Rolling VWAP and acceptance above 24,040 would strengthen the bullish case and shift attention toward the next resistance zone.

If price fails to reclaim this level, the market may remain range-bound or revisit nearby support levels before attempting another move.

Key Levels

• Key Decision Zone: 24,040 (14-Day Rolling VWAP)
• First Support: 23,947
• Second Support: 23,852

This analysis combines price structure with participant-wise OI positioning. As always, price confirmation is more important than anticipation.

This analysis focuses on the next trading session. For the broader market structure and higher timeframe context, please refer to the related analysis attached to this post.

This is a personal market analysis intended for educational discussion and is not investment advice.

Jul 2

Note

Update (02 Jul):

The market respected the 14-Day Rolling VWAP (24,040) as the key decision zone discussed in the original analysis. After reclaiming this area, price extended toward 24,190+.

Levels to watch next:
• Resistance: 24,260 → 24,340 → 24,420 → 24,490
• Immediate Support: 24,080
• Next Support: 24,000

As long as price holds above 24,080, buyers retain the short-term advantage. A sustained move above the resistance levels could open the path toward the next zone. If price loses 24,080, the market may revisit 24,000 before attempting another directional move.

As always, price confirmation is more important than anticipation.

yesterday

Trade closed: target reached

Update — Target Achieved ✅

The original thesis (Jul 1) flagged the 14-Day Rolling VWAP (~24,040) as the key decision zone. The Jul 2 update confirmed the level was reclaimed, with price extending to 24,190+, and a resistance ladder mapped out up to 24,260 → 24,340 → 24,420 → 24,490.