Wighted Average Price (WAP) Calculation

[Bhuvan]

@guru24

Hi, Anybody is aware how the WAP and hence the closing price is calculated for Nifty or Banknifty index?

(Closing price is the WAP of last 30 mins).

Explained here

How to determine closing price in F&O?

Closing price is calculated as the weighted average price of the last 30 minutes, whereas the LTP, as the name suggests is the last traded price.. I've illustrated the same below... [image] If you notice, the LTP in our example is 54 (@ 3:30 PM), but the closing price is 51.48. Also, if you see the volumes, the big ticket order 3:25 PM actually skewed the closing price. A lot of trading stratgies actaully consider closing price as a key input for entry or exit...one way to ensure that your …