Here are the updated charts for the Delta values in NF and BN at current time.
How to read chart :
In the first pane, we have the POC of the bar.( value displayed) If the POC is declining, it follows that the market is finding value lower and vice versa.
The next pane is the delta of the bar. Delta is measure as the difference in the volume traded at ask prices and at bids. Thus it breaks down volume at buying or selling volume giving us an insight into whether the market is accumulating or distributing at the prices displayed on screen.
The last pane is the actual volume of the bar measured against the median of previous volumes ( yellow horizontal bars)
If the POC is declining on red delta And volumes are above average then the market is short term down. The reverse is true for upsides.
Nifty ( as of 10.120 am)
BankNifty ( as of 10.20 am)
