VWAP stands for volume weighted average price, it can help futures trader to find total long or net short positions build on nifty future or bank nifty future. Here it is a bit time consuming task to check net long and net short position as one has to look at VWAP daily. This data needs to be collected from starting of the month, to get better accuracy, now see the collected data to know the VWAP of the month for nifty future. Now here comes the serious task, look at the change in open interest for current session, if nifty future is trading above VWAP and open interest shows addition of shares then, nifty future has added net long position. Similarly if nifty future is below vwap and open interest shows addition then trader’s conclusion is nifty future added short positions. To calculate how much position is on long side and on short side, trader need to keep a track of daily addition of open interest on short or long side. Kindly share it with your friends on facebook or twitter.
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
Would you have a link where we can get historical data of Nifty vwap?
please help me to find how to get get historical data of Nifty VWAP. Thanks
Would you have a link where we can get historical data of Nifty vwap?
This will not work, I am 100% sure about this.