Here are the intra day charts for NF and BN.
Nifty august future :
Bank Nifty Aug Future :
Volume precedes price.
With NF at 4920, the volume OrderFlow showed short covering and a target of 4992. Now just 20 points away.
We apply the concepts of the MarketProfile and the Orderflow to the Nifty and Banknifty Futures and Options.