OrderFlow charts

Here are today's orderflow charts :


Bnof 31 Orderflow Charts


Nfof 36 Orderflow Charts


Today's market was dictated by the news flow  announced by the market over the weekend on the rupee decline.


But even then, it was easy to read the market s it left big clues on it's intentions.


1) the open was an open drive and the market quickly moved above PDH. A buy at open would have had a SL just below vwap


2) As the move was coming from an 'inside day' a move back into Fridays' range would call upon the 80 % rule .


3) the biggest clue was a failed breakout above IBH in NF which meant that buying power of the morning was reducing.


4) A short below PDH ( previous day high) was the easiest trade of the day.


The system now is a sell in NF and BN.


The broader market is in the CHVN zone of 5120 again.