NIFTY: 14-Day Rolling VWAP Remains the Key Decision ZoneNIFTY 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.
Long