Tuesday, July 7, 2026 — The Weekly High Gets Tested a Third Time, Then the Close Delivers the Session's Two Biggest Sell Bars

Market Overview

Tuesday picked up exactly where Monday left off. Monday's recap closed on an open question — would the untested Poor High at 24,505.8 hold as a ceiling, or was the weekly high at 24,515 still fair game for the buyers who never really got turned back? Tuesday answered it, just not cleanly. The session opened on heavy volume (6K on the first bar, the biggest single print of the day by a wide margin) with a modest sell lean, then reversed into a genuine buying push that carried price back up through Monday's Poor High and into the 24,515 zone for a third test in two sessions.

That third test failed too — the order flow says so directly. A sharply sell-skewed, stacked-imbalance bar (-630 delta, 70.62% sell) landed right where the push into 24,515 topped out, the clearest statistical evidence that supply showed up at the level again. What made Tuesday different wasn't the rejection itself, it was what came after. Instead of a controlled fade, the session's final two bars printed the two largest deltas of the entire day, both deeply negative — a sharp, late sell-off rather than a slow give-back.

The index closed near 24,496.8, still comfortably above CPR (TC 24,460 / Pivot 24,440 / BC 24,420) and above the prior session's close reference at 24,405.9, but well off the day's high and carrying real selling pressure into the bell rather than fading quietly.

Order Flow Analysis

Morning — a heavy open, then a genuine push at the weekly high

The first bar printed on the day's biggest volume, 6K, with a slight sell lean (46.52% buy / 53.48% sell, -417 delta) — a heavy but not decisive open. The second bar continued that lean (-319). From there the tape turned: three straight positive bars (+477, +666, +272) got the session moving, backed by real buy-side skew (up to 66.12% buy on the strongest of the three).

The clearest single push of the morning came on a bar with 70.73% buy volume and +643 delta — the sharpest directional skew of the entire session — followed by another solid buy bar at +456. That two-bar sequence is what carried price into the 24,510–24,515 zone, directly under the weekly high that stopped Monday's session twice. A thin, sharply sell-skewed bar followed almost immediately (-469 delta on light volume, 66.21% sell) — a stacked-imbalance flag marking the first sign that the level was holding again.

Midday — chop under the level, then the first real selling

Midday settled into a mixed, lower-conviction stretch — a small positive bar (+38), then a run of negative prints (-79, and a heavier -630 on a 70.62% sell skew, itself a stacked-imbalance bar). That -630 print is the clearest order-flow evidence that the third test of 24,515 was met with real supply, not just a lack of follow-through.

The selling continued in smaller doses through the early afternoon — -396, -144, -480, -220 — a sustained, if not explosive, campaign that pulled cumulative delta well down from its late-morning peak. A brief stabilization followed (+126, +10, +54) before the tape turned negative again heading into the last hour (-155).

The close — the two largest bars of the day, both sellers

This is the session's defining feature. After a small positive blip, the final two 15-minute bars printed on by far the heaviest volume of the day — 4.39K and 5.58K — and both came in sharply negative: -2.18K and -1.83K delta. Nothing else in the session came close to that size in either direction. The morning's buying push that tested 24,515 was real, but it was answered in the final half hour by selling that outweighed it several times over on a per-bar basis.

Order flow footprint, NIFTY 15m — July 7, 2026.

Key Order Flow Takeaway

• The weekly high near 24,515 was tested for a third time in two sessions — again on real buying (+643 delta at 70.73% buy) — and rejected again, this time with a stacked-imbalance sell bar (-630) showing up almost immediately after.
• A sustained afternoon sell campaign (-396, -144, -480, -220) pulled the session well off its highs well before the close.
• The two largest bars of the entire day arrived in the final half hour, both heavily negative (-2.18K and -1.83K delta) on the day's two biggest volume prints — the session's real story is the close, not the morning push.

Structural Levels

• 24,515.0 — the weekly high, tested for a third time since Monday and rejected each time; still the one level that hasn't been resolved
• 24,496.8 — the session's close, well off the day's high
• 24,460 / 24,440 / 24,420 — CPR TC / Pivot / BC, all held as support under the afternoon selling
• 24,405.9 — prior session's close reference, untested today

Trading Implications

Continuation scenario (further downside): Given that the day's two largest bars, by a wide margin, were both closing-bell sellers, a Wednesday open that can't hold above CPR TC (24,460) quickly would suggest the late sell-off has more room — the tape never really answered that selling before the bell.

Retest-and-hold scenario: A pullback into the 24,460–24,496 band that finds buyers again would be the healthiest read, especially since CPR held cleanly under the afternoon's selling pressure.

Failure scenario: A break back below CPR Pivot (24,440) that doesn't recover quickly would undo the morning's structural gains and put the whole July 1–6 range, not just today's session, back in question.

Conclusion

Tuesday didn't resolve the question Monday left open — it just asked it a third time, with a sharper answer. The weekly high at 24,515 held again, and this time the market didn't just fade off it, it sold hard into the close on the two biggest bars of the entire session. That's a more forceful rejection than either of Monday's two tests, even though the session's underlying structure — CPR intact, most of the last week's overhead supply already resolved — still reads more constructive than destructive.

Wednesday's job is to show whether that closing sell-off was profit-taking after a third failed breakout attempt, or the first real sign that 24,515 isn't just a pause point anymore.

Related: Monday's recap covered the first two tests of this same 24,515 weekly high — the level this session came back to test a third time.