On January 9, the closing prices of five Nifty500 stocks fell more than 1.5% below their respective VWAPs (Volume Weighted Average Price), indicating a potential bearish trend, according to technical scan data from StockEdge.com.
When a stock closes below its VWAP, it means the closing price is lower than the average price at which it traded during the day, weighted by trading volume. This is often seen as a sign of increased selling pressure.