OrderFlow SBIN & RELIANCE

Here are the OrderFlow charts for SBI and Reliance futures.

Over the week, we did some tweaking with our code and the final result is produced below.

SBI :



Reliance :



An adamant pixels/bar in the platform prevents me from displaying more data than this on screen.

It was interesting to note that the sell-off from 5560 levels was matched in all the 4 orderflow charts yesterday.

Nifty EOD 16th march

Hey all,

I received a few emails from some serious readers about my lack of posts on this blog for the past several days.

There were two reasons- the first being that I took off, on an unscheduled R&R on Thursday noon and the second being that the markets didn't do anything in between my last post and this morning.Quite seriously, when I returned back to my lappy on Monday afternoon I found the Nifty at the exact same spot I left it on Thursday noon at 5133 odd levels.

That being said, we did get a serious upmove later this afternoon. Let's look at the charts:


I had mentioned that an exit of value was the best approach in a range-bound market in my last post here. For those who stuck to this strategy the benefit today, would have been far more than the wrong moves we had before today. I'll be the first to admit that I took a 15 point hit at the top of the range expecting a pull back, when I should have quietly followed the plan as per the blog.Nevertheless I did make up with a quick 30 point gain at the end of the session.

The increased value and the volume point to the fact that it was not just short covering but genuine buying which took the market higher.For tomorrow I want to see a retest of 5165-5180 region before the market decides to climb higher.Watch VAL carefully if we get there.

Reliance I had mentioned earlier as one of my generals, without which Nifty will find it difficult to make big moves.Today it came to the party in a big way closing at 1069 levels for a 40 point gain.


Of the 3 charts put up today, Bank Nifty looks the weakest. The upmove from 1.30 wasn't very convincing and I will be very surprised if we do not test 9025-9010 levels again.

Starting tomorrow, I intend to hangout in the comments section and would be posting my intra-day updates and my observations as I see them. Shai has also agreed to share his views of the global indices and their influence on the Nifty.So do drop in and share your views if any.

EOD Analysis-8th March

Hey All,

Hope you all had a good trading session. I am back with my charts and hope to get a quick analysis done. Let's Begin :








If I had closed my eyes and not followed the trade as it unfolded today, I would have certainly thought that I was looking at the chart of Friday again.

The action in the Nifty today, matched the action on Friday. A Higher open, inability to move higher, then sellers take over, and a ' buy the dip' at a crucial MP point.

For the bulls, one can argue that we moved higher on an end-of-day basis. One can also argue that the action once again was over the POC and VAH from the last day. If memory serves me right, then I remember only 1 day that the market visited VAL from Budget day. Overall very bullish action.

For the bears, I will argue that the bulls have not been able to take the price higher than the opening print by more than 15 points for 2 successive days now.Again the sellers today were able to bring the market down by about 40 points again without much resistance from the buyers.

I am not trying to take both sides here, but trying my best to be objective in my analysis so that we are ahead of the move which is to unfold.

To me, we are definitely seeing buying exhaustion with signs of the sellers getting aggressive.

But I will have to see more of the above statement tomorrow and in the days to come...

...which means that I will be with the buyers as long as price holds up above VAH, will be neutral in the value area and be a seller below VAL.

The purple lines are my decider lines tomorrow.

I have included a chart of Reliance today- a general of this army- which closed below value today.