How to we understand more about markets ?
By spending more time in markets, looking at more price action or whatever study we follow.
How to we understand more about AVWAP ?
By following the master Brian Shannon, just have a look at his latest one on AVWAP yesterday
Now expanding on similar lines on our markets.
We saw a sharp dip recently and there has been a decent bounce back in markets and broader markets.
Where comes the first resistance ?
First resistance comes in at the AVWAP from highs, if this is crossed then we are likely to move up.
While the downside support comes at 42533 and a break of it most likely can lead to retest of the lows.
Disclosure: No open positions in BankNifty.