 everyone very good evening yep so once again very good evening everyone before I proceed I would like to confirm can all of you see my screen and can all of you hear my voice is everything clear can you quickly confirm that using the chat option or the live chat option in YouTube or the direct chat option available at the right corner top corner in the discord can all of you see my screen and hear my voice clearly right so yep thank you for confirmation just a moment so once again welcome back to the analysis of nifty and bank nifty also we're going to cover the crude oil which is presently live by using bookmaps order flow tools and the overall session is powered by true data so today we have many things to discuss in the first half of the session so I will be discussing about the basic framework that we go through in a detailed manner ok so basically how to analyze the price and everything that goes in the first first half and second half I am going to dedicate to discuss about few of the indicators that I regularly use basically the footprint charts and the absorption indicator and other indicators as well how to combine them and take the effective decisions using the bookmap tools that I will be discussing in the second session yeah yeah I can read your message asap all right so before I begin a quick disclaimer any information that I'm going to share from now onwards is going to be an educational information don't consider it as a buy or sell recommendation any decision that you take in trading or investing are subject to market risk so let's quickly get into the subject so basically what you are presently seeing is a bookmap tool we will come to this at the later section so we have a certain framework ok so basically the framework goes like this and don't worry I will explain you in detail what exactly that means and how to analyze it so it's called as t l e ok so the first step is to identify the trend ok in terms of the price where exactly the primarily where the market is heading that's what we will be analyzing in the first step and then second we will be identifying the locations or you know location where we can monitor the price action so that we can take effective entry and effective exit at specific locations and the third stage we have an entry and exit so that's where we will be getting an entry signal and exit signal based on the bookmap tool ok so when it comes to I'm going to spend a little extra time on identifying the trend because that is what the key of the entire session so basically any order flow tool that you use without understanding the fundamentals and without understanding the basic structure of the price that means that you are leading you know you are heading in a wrong direction so basically you have to align with the primary direction of the market whether you use order flow or any particular indicator especially order flow having the right context in the mind is absolutely important in the first place so that's what we will be doing in the first step so what exactly I mean to say is that let's start with the nifty okay so let me this is an amy broker software so basically which helps us to plot the chart and I'm using the true data data here right now the crew dolly is running but I will shift it to the nifty underscore I between so the present continuous future so I'm presently looking the information in 30-minute chart okay so what I mean to trend is basically there will be a structure in the price okay if you already been to projections you already have an idea about it if you don't know about it so it's straightforward that market moves in a zigzag manner and if it is making continuous higher highs and higher lows okay so until when this particular structure continues we can call it as an upgrade so primarily market is moving in the upward direction when this is the case we will look for long opportunities either at the last resistance which may act as a support the when price approaches to the last support we will try to look for we'll try to align with the trade by placing a long trade based on certain signals we will be discussing about that in the later section or the breakout of last swing can also be one of the significant entry when we know that primarily market is moving in the upward direction this is point one and point two is in the similar way when market makes a lower lows and lower highs okay so when this particular pattern continues we can call it as a downtrend so when we know that primarily market is moving in the downward direction it all makes sense for us to align with this particular direction using certain information that is thrown by the old flow that I will be discussing in the later section so basically the context is absolutely important in the first place as that's where we will be identifying the basic present trend of the market so this is second information and third trend you all know that when the market is you know trading within the tight range or kind of you know this pattern triangle pattern so then we can say that market is choppy or market is moving nowhere in that case it all makes sense for us to be outside of the market or if you want to trade so you can simply you know chop in the market so whenever market approaches to the lower range you can buy and whenever market approaches to the high you can sell based on certain signals so this is an importance of identifying the trend so where you will be identifying primary direction of the market based on the structure so with respect to nifty okay can anyone of you tell what trend the presently nifty is trending in so this is the trend of nifty 30 minute can anyone tell in which direction the market is presently trending range bound great ASAP answer range bound pro pro yard sideways brilliant so the moment we see the price presently the especially you know this is this is one of the key information whenever we see such volatile movement simply mark two lines so something like this okay so basically just a moment draw the triangle so you have upper range and lower range presently market is moving from volatile to non volatile range basically this also one of the pattern that we can see okay so at the present moment until unless market stays within this triangle we can call it as a range bound market point one and point two any directional momentum so either upward or downward that directional movement has to happen that means price has to fall or for a price has to you know come above or below this particular beyond this range that's the important thing whenever the volatility kicks in in the market simply mark that range and wait for the price to break those levels break those particular price ranges or try to identify the internal structure so if you want to capture the bigger momentum then the break of this entire range is quite important so basically if it breaks the lower level then the possibility of market moving in a lower direction is quite high if it breaks upper level market moving in the upper direction is quite high this is pretty straight forward so this is one of the context that we need to understand so at the immediate momentum so basically this triangle pattern is very important until unless market stays within this triangle we can call it as a side base market so if price comes out of this and start to accept about this then the possibility of market hitting at least to this particular range is quite high range high is quite high break of this can bring the bigger momentum in the market in the long direction similar goes to short direction as well ok so once you know this context we can play this context in the order flow information ok so second information or a second instrument is bank sorry bank nifty underscore I so as you can see here also the same context almost the same pattern that presently market is trending in this particular triangle and we have two ranges which has created a volatile moment in the market and the same context the price has to come out of this particular band to create the immediate momentum and it has to break this or this particular level to get the you know trend confirmation so basically if it breaks this particular level the bigger momentum in the upper direction is quite possible so it is the same context as nifty there is no change so with respect to this information we know that presently market is trending in the sideways market so in that sense it all makes sense for us to look for the bilow and salise strategies ok so if this is clear to you then the second point that comes in basically like just a moment identifying the immediate support and resistances that's what the second step is all about so that's where we will be identifying the immediate support and resistances yeah so this is the present range of the market ok so for tomorrow's market this low is also very important which is the today's low for a tomorrow it will be the previous day low so this range is very critical for tomorrow's market and whenever market approaches to the lower levels you can still look for buying opportunities whenever market reaches to higher levels we can look for shorting opportunities based on the present context ok so same goes with the nifty as well so if these two points are clear to you then we have to move on to the third step where we will be looking for an entry and exits but before that still we are I think we are just a moment we have a live ticks on crude oil so I have a immediate question to you with respect to crude oil so this is a crude oil 30-minute chart with respect to this can you tell which way the presently primarily market is moving whether it is an uptrend downtrend or sideways what is the context with respect to the trend ok pro yard downtrend cool so there is one more trick that I wanted to tell you so basically you know yeah that's a right answer ASAP and pro yard so basically market is moving in the downward direction so primarily if you observe how to identify it so basically see if you from this particular point onwards any short moment if you observe so this is where we saw the pullback this is where we saw the pullback and this is where we saw the shorter pullback pullback pullback so if you observe the entire trend okay so the momentum in the downward direction is bigger so that's basically one of the characteristics of the downtrend so presently no doubt that primarily market moving in the downward direction okay so it is clearly evident but at the present moment you can see that there is a shift in the immediate trend it is not primary reversal primary trend reversal we can call it as a micro trend reversal so if you observe that from this point onwards okay so there was a pullback and there is there was again a selling attempt that failed to reach last low okay last low was still a secured one so it is not at broken in that sense market is starting to create this pattern at the present moment so we are seeing the second low here again selling attempt failed to reach the last low so it basically forming the higher and higher low format in the micro trend so with respect to this context to get the trend complete primary trend reversal which high has to break this high the last major high the major selling that we have seen from 6 4 1 9 roughly so that level has to be broken to you know primarily change the trend in the primary trend change in the market so until unless we can look for a long opportunities but till this particular level right so in that case we have an immediate scalp till this particular point or if you are like conservative trader and look for bigger opportunities when market approaches to this okay why this particular level because we have a support level here so this is where we saw the pullback and the same support can also act as a resistance that's the basic theory polarity theory of the price action so the same level acts as a resistance when price is trading below that okay so in that case when market approaches to this okay so here we have an immediate you know scalp opportunity here if you are a scalper to this particular level or if we get any opportunity to short here based on certain conformations that I will be discussing when we you know move on to the order flow information so based on that we can look for a shorting opportunities when price approaches to this level by simply targeting the low or we can continue to trade that particular trend by keeping over a cell to the swing highs so this is how we read the context context plays a critical role without understanding the basic context if you try to do something either with order flow or any particular information which will not make any sense unnecessarily you will end up making lot of you know trades and which will result in you know losses so that's the basic information and I think it's about to hit the you know 6182 so let's quickly move on to the next step so by any chance if you have any particular questions on the price action part are basic understanding of the context please let me know in the comments and after that we will move on to the next stage where we will be discussing about bookmap tools any questions on it shall we draw higher low from the weak or close weak so basically this is the basic theory of price action ok so we have to consider the high and lows or you can also consider it as a zone for example in this case here also we saw one of the pullback right so from this follow my cursor in that particular case we can simply draw one of the you know the rectangle and we can simply mark this as green so last it was a demand zone when price approaches to this level there is a possibility so this is not the line this is a zone itself so basically this low and this low so together we have formed a zone here demand zone ok there is one more wonderful question from a sap who is asking how to trial stop losses with swings high and swing lows ok so it's pretty straight forward when we have you know this particular pattern that is forming so it is you know it is not that easy to identify the effective swings in the live market but you know in some cases ok so just a moment give me a moment when you identify yeah you know when you identify this kind of pattern ok for example assume that you have taken the long entry when market breaks the last swing and obviously you know where to keep your stop loss last swing low right and again when market breaks the next swing high you can move your stop loss to this particular low which was your initial stop loss to this particular low the next swing the same continues as in when market holds this particular pattern you can simply trial your stop losses and secure your profits so don't worry about it so basically we will be we have certain tools in bookmap which will help you to identify the significant swing highs and swing lows based on the volume information so I will be discussing about that but having the context understanding is very important if you know this particular thing then we can move on to the next step I hope that is clear clear so well I think everything is clear if you have any particular questions I can shoot it out in yeah I can ask them in the chat box if there is no questions if everything is clear we can move on to the next step where we will be using the bookmap tool order flow tools so this is what the order flow information that you see when you open the bookmap chart so this is the bare minimum chart that you will see when you open the software so I will quickly try to explain what exactly it is so basically the one that you are seeing here the red and green lines are nothing but bbo indicator best bid and best offer at any given point of time if you open at depth of any instrument you will see five best bids and five best offers so the best the initial available best and best offer so that will be considered and that will be historically stored so what is the benefit of it the benefit is that when we enable so for example if I enable the candlestick chart this is a 15 minute start 15 minute candlestick chart okay the main advantage of bbo indicator is that it helps us to identify the structure within the candle for example let's say this is a open this is a close and this is where the market open this is worth high and this was the low so by just looking at to the candlestick charts we will be able to see OHLC data but the bbo indicator helps us to look into the structure within the candle so if you observe the entire 15 minute activity this is how the structure looks like so there was a sideways and again it's a break and again the market moved in the downward direction so this is the basic advantage of using the bbo indicator that we will be able to identify the structure within the candle that means we don't have to wait for the candle confirmation we can simply get in or get out of the trade before even confirmation of the candlestick so we don't have to wait for certain time to complete that's the basic advantage of it and then we have a bubble indicator here just a moment let me disable the candlestick chart and okay how is it different from chart at one minute please okay provide asking what will be the difference between one minute and this so it happens with respect to the immediate change in the market for example let's say the best bid has changed from one to two that will be immediately stored here so the bbo indicator not an executed price it's basically the change in the best bid and best offer which is nothing but identifying the immediate supply and demand in the market just using the bbo indicator and wherever you see this bubble that's basically an indication of the executed orders so as you can see here with color you can clearly understand that if it is red it is a red bubble it is a sell order if it is a green then it's a buy order but the main difference is that software considers only the executed orders that means whenever there is a market order placed so market order will be automatically executed right so that information will be stored and bifurcated as a green and sell or a green and red order so if it is green it is a buy order but to be precise it is a market buy order and similarly the red indicates the market sell orders so what is the difference I mean what exactly we can do with it basically first thing is that we will be able to see whether the volume that has accumulated here was it a selling order was it a buying order basically market buy order market sell order 0.1 and 0.2 we will also be able to identify the relative difference between two price levels for example let's say here here it is red ok red bubble and here also it is a red bubble but relatively if you compare both of them the more of the orders got executed here how am I able to see that so basically we are seeing a bigger bubble here and we are seeing a smaller bubble here so comparatively it gives us the relative difference between the number of transactions that happened and second important point is that it also helps us to identify whether it was a market buy order or market sell order so don't worry how to utilize this information to take effective decisions I will be discussing about that so I hope this is clear then we will move on to the next point which is basically the yeah which is which I regularly use basically called as an absorption indicator one of the most critical indicator which will help you to filter out unnecessary swings so as you can see here so if I zoom in a bit ok don't worry what is absorption indicator I will give you the immediate glimpse on it so basically there will be a lot of you know up and down momentum so right so there will lot of a lot of up and down momentum when you include an absorption you will be able to identify within this particular structure the BBO structure will be able to identify the prominent swing highs and swing lows for example alright so if I zoom out a bit ok so I will show you the nifty chart so if you observe this there is lot of you know structural differences in the overall BBO indicator but when you include the absorption so here we have an up sorry so here we have an absorption here we have an absorption here and here here here so we will not be you know we will not be confused with a lot of structures here so basically with absorption indicator we will be able to identify the you know prominent swing high and swing lows that is one of the use case and second important point is that we will look into the settings of absorption indicator then you will get to know what exactly it meant like so in this case you can see the condition of absorption is such that if within 2.5 seconds ok if within 2.5 seconds 5000 quantities are getting executed ok so this is a manual value that I have put out at the present moment we can also dynamically change it I will explain that so the condition says within 2.5 seconds if 5000 orders getting executed for a specific price level then this will be considered as an absorption so what it means is that for example market was moving in the upward direction and suddenly within 2.5 seconds the maximum number of orders got placed here and price started to move in the downward direction which in which you know tells us that someone placed an aggressive buy order considering the market buying momentum but at the same time those market buy orders you know more than 5000 buy orders caught consumed within 2.5 seconds so which means someone was already sitting here with such quantities as a passive seller you are getting the point so obviously if it is a market buy orders there has to be the opponent to that opposite to that there has to be a passive sell order so that indicates the presence of passive sellers so this is what we call it as an absorption ok so similar goes with here so market was moving in the upward direction and suddenly there is a huge market sell order that consumed and market again started to move in the upward direction those who sold here that market sell orders got consumed by whom passive buyer so the absorption indicator will help us to identify the presence of passive buyers and passive sellers perhaps it will help us to identify the prominent swing highs and swing lows that is one of the use case and also we can utilize absorption indicator to trial our stop loss or also use it for entry so if this is clear to you then we can move on to this is how we use absorption indicator presently I am using a manual setting here you can make it automatic so there is an automatic mode if I enable that we will be able to see two important parameter number one is a SD interval so basically the look back period okay look back period presently it is 15 minute so after 30 minute make it as 30 minute so ideally you can you can change it to any particular time period the lesser the time period you look is basically the value will be more dynamic but 30 minute is a more reasonable time frame for any intraday trader to look for so that's why I am keeping it as 30 minute only keep it 30 minute after completion of the 30 minute of the market so for example 915 market opens after 945 you can keep it as 30 minute until that you have to change the bracket for example if you are looking the market after 930 you can simply make it as 50 so then you will be able to see the accurate data with respect to the past information so what it does is that for example if I am keeping it as 30 minute okay if I keeping it as 30 minute it look back the last 30 minute information of the average order volume and it multiplies it by the SD multiplier that's what it does so if I increase the SD multiplier the signals will be more if I decrease the multiplier sorry if I increase the multiplier signals will be less if I decrease the multiplier signals will be more so this changes from instrument to instrument usually for nifty and bank nifty 5 works out to be the better one so that's where we will be see the will be will be able to see the accurate prominent swing eyes and swing glows and also the absorption data so with respect to this you can see now this particular information will be dynamically calculated with respect to the setting that you have given here so automatic mode is suggested if you don't want to get confused so dynamically that will be selected so this is how we use the absorption indicator and let's check the just a moment let's check out the crude oil in that particular case absorption indicator presently automatic mode for I am presently using for crude oil I'm not a crude oil person so presently it is in life that's why I'm taking an example of it so you can change and adjust this particular setting according to the visual factor of the absorption indicator so for looks to be fine for me so I'm keeping that 30 minute automatic mode at the present moment it is considering it as a 30 volume so wherever the volumes exceeds more than 30 orders 30 quantities within 2.5 seconds that will be considered as an absorption so which we are seeing at the present moment here is where we are seeing a you know absorption in the crude oil at the present moment okay since we are looking for an immediate buying momentum okay so break up this there is not much of a room that's the different story so the break of this particular level because we are seeing an absorption here the break of this particular level can bring the immediate momentum okay so in that case assume if you are looking for a you know buying opportunity you are buying order should go here okay above this and your basic SL will be this and once the market breaks here once market takes off your order you can keep your stop loss here and you can continue the same pattern okay so within this for example let's say just a moment so in this case for example assume that you are have you have already taken an entry and you are keeping the initial stop loss here again market took another reversal and again it has it is breaking a further high so you will try your stop loss from this level to this level the main advantage of BBO indicator here is that before even the confirmation of the candle so it is not time dependent it is basically the activities dependent right so we don't have to wait for candle to be formed so basically with respect to the available structure that is the available structure in the BBO indicator we can simply trial our stop loss as in when the pattern continues in our favor okay this is one of the use case of the what you say this absorption indicator we can use it as a trailing stop loss and stop loss level and second important point is that we can also use it for entry confirmation as well so see as at the present moment we are seeing an absorption here right that is a presence of passive seller so at any given point of time price should not trade above this so for us to take long trade here so if price okay so if price breaks this particular level then possibility of continuation of the downtrend is quite high so this this is just you know basic example of example so I hope this is clear okay absorption indicator if this is clear to you okay if you have any particular questions with respect to this you can ask me in the chat box I will be I will try to explain it or we can move on to the next indicator yeah this tone flicks don't worry this session will be recorded you can replay and you can anytime you can learn it so you can revise the informations book mac works with the forex phase you can please check it out with the book map team so they will help you with this so at the present moment we are analyzing the Indian market with respect to that I can give yeah one more important point I wanted to explain you that absorption indicator will not be by default installed when you get the book map promotion you have to go to the book map dot com and just a moment it's in Hindi yeah so book map dot com English in this if you go to the more knowledge base you will be able to see the data points of all the information that you know you will be able to see the basic you know kind of blocks on add-ons so in this case you need to visit add-ons and then go to the absorption indicator all the available in you know add-ons will be available here and go to the absorption indicator in that you can see the download link so you need to download the absorption indicator from here and once you download it you simply have to visit this configure add-ons and then simply add then you have to select the downloaded indicator and you are good to go so your indicator will be added to here and you can you know enable the absorption indicator from this on this point on ok a sap is asking how to identify that absorption is a new limit buyer or seller or stop losses see at any given point of time if the presence of you know absorption indicates a presence of passive buyers or passive sellers why because see for example in this case whether it is a stop loss order or normal order doesn't mean I mean it doesn't make any difference so here assume that there we there was a market sell orders right so many people have sold the market aggressively but the question here is around 79 quantities got executed within 2.5 seconds right so that indicates the presence of someone passively consuming those aggressive sell orders whether that was in a you know kind of a market sell order or basically the stop loss market sell order that doesn't make any difference so the concept is that the aggressive sell orders got placed here at the same time within certain within fraction of seconds the more of the passive you know buyers consume those market sell orders so that's the basic information that will be considered as an absorption ok so I hope that is clear yeah we are seeing kind of sell off even before reaching this particular level now so so any particular questions with respect to this or else we can move on to the footprint charts ok could you please explain what happened just before 11 30 a.m. please ok so in nifty or bank nifty which instrument you want me to explain provide ok bank nifty just a moment around 11 30 there was not much of an activity today with respect to bank nifty it was kind of a choppy market however considering the low ok nifty you want me to look at right so 11 30 is where I think here right so there is not you know see that's that's what the thing is so as for the context as for the framework the second step is to look for a specific locations right so basically you know if the price you know you know for example let's say after 10 30 ok so that means the first one hour is completed assume this was the low ok so I be high and I be low place a critical role all right so when price approach this particular level we can see 1 2 3 3 times there was an absorption there was an absorption below just below the I below all right so which indicates what someone is you know passively consuming the selling orders just below the critical level which indicates the presence of passive bears and possibility of market reversal so it may be a strong reversal or it may be a you know decent reversal today market you know entire trend was in you know kind of a choppy market so basically we saw the decent movement after that so first thing is that trend and second thing is the location we don't look for the information randomly we look for certain information at a specific location that's why we have the second step which is to identify the specific locations where we can monitor the price action all right if you you know if you ask this particular thing yes of course I mean in this particular case if I zoom in a bit ok so for example let's say there is there is two conditions happen one is that there was a market order which placed around 8400 quantities got consumed and those are the passive sellers and similarly the same goes here around 6150 quantities again got executed as an absorption which indicates a presence of passive bias so almost if you compare the quantity there is not much of you know equivalent activity happened over there there was not much of an activity over here but if you look into this particular information ok after completion of one hour so just give me a moment yeah so after completion of this this was an IV low right this was basically the one hour low where we are seeing continuous you know absorption from the passive bias ok so yeah it was a balanced action at 1130 but when price approach to the critical level we need to be very cautious and with respect to our context we need to you know take decisions that's the basic idea of having a framework in the mind first step is to identify the trend second step is to have the specific locations in mind and then we need to wait for the price to approach to that particular level so that we can monitor the projection and then we have to take certain decisions based on the pattern that is been forming I will try to give you one of the example ok so forget this chart just it's a it's a hypothetical example assume it was a IV high and IV low ok so assume that we were looking for a long opportunities based on the trend ok so when market approach to this particular level which is kind of a support level right we are seeing an absorption which is a good sign because we are looking for a long opportunity and we are seeing a presence of passive bias so that is a positive point for us as a long opportunity seeker so in that particular case assume market you know made one swing high so we want the pattern to be formed here in the BBO indicator itself assume that we are seeing one more absorption the indication of a passive seller and again market took the short reversal the break of this the break of this is a kind of you know significant entry we can say so for long trade this is one of the wonderful opportunity to get into the trade by keeping the stop loss to the last absorption so until when market reaches to the IV high so we can simply continue to keep our you know trailing stop loss active based on the absorptions and similarly we can target the high itself so this is how you to combine the context and then take the decisions I hope that is clear yeah today it was a sideways that's what I mean the context is sideways right so in that particular case I said that either it you know either it is better to you know be a you know out of the market or we can look for by low and sell high strategies it's as simple as that so I hope that's clear or you can also you know with respect to the context we can also trade in options so since we have an opportunity to sell the options so you can look for that whenever there is a possibility of a sideways market you can simply you know write call and put options the weekly call and put options to certain ranges where you see the major support and resistances for example in this case let me shift it to nifty so in this case we know that this is one of the critical level 18,064 and it's 17,470 so we have certain range so we can simply write call and put option to these levels I mean OTM call OTM put for these levels we can simply wait for price to break this level so that is also one of the strategy can deploy when you know that market is presently trending in the you know sideways market so that's the basic understanding of it okay yeah strangle self alright so this is how we you know understand the overall context and based on that context we will get into the trade and get out of the trade based on the opportunities available and one more point I wanted to discuss today so basically that's called as a footprint charts just give me a moment I can show you in the live itself this will be by default enabled and by default installed in the book map so you can simply enable footprint charts so there are so many settings I have made a separate you know live session I think two to three times I have discussed about it so basically I will discuss the few important points here so first thing is that we are looking into the footprint bar type with respect to the time interval so as per the time interval we are looking for the footprint bar so it is 15 minute that means we are simply looking for the footprint information of 15 minute don't worry what it does and how to use this information I'll come to that point so try to understand the basic setting that has been used here okay and bar width and all is basically the you know graphic setting if you just change it so obviously the bar width will be changed so I don't want to change anything over there so I want to keep it as 100 which is a default setting it seems so and then background type is there are so many settings okay I strongly recommend if you want to understand all the settings I strongly recommend you to watch our last session so you'll be able to understand it presently I'm using histogram delta plus and minus so which will help us to identify the presence of aggressive buyers and aggressive sellers in a detailed manner so basically that's what you are seeing here so this is a footprint bar in that we are able to see different columns with the different shades and colors so I'll explain that basically if you select histogram delta plus and minus we will be able to see the color shaded information so which will help us to identify the aggressive buyers and aggressive sellers presence okay and then we have just give me a moment use shades is a recommended option if you don't use it so you'll be able to see the plain colors so shades will help you to identify the significant level so it's highly recommended that you use this with the shades and buy and to sell so it's basically the information of the text so if I zoom in a bit you'll be able to see the left side information that we are seeing here right so the left side is basically the market buy orders and sorry market sell orders and the right side information is basically the market buy orders okay so this be B into S so that will help us to you know plot the text with buying and selling differentiation so some means summation information we will get I can see this is basically the how much number of orders the total volumes that will indicate so it is the you know I basically use be B into the yes so basically in that case we'll be able to see the aggressive buys and aggressive sells on a separate note and then the come important information is that the tick multiplier this is so damn critical because based on this only the entire visual aspect of the footprint depends on so basically I'm giving it as three that means whenever we are subscribing to an instrument okay for example in this case assume that okay true data and nifty okay while subscribing to the instrument it will ask for the tick size right so if you want to use the footprint chart information it is highly recommend that you keep it as one that means for every one point it will consider it as a tick okay so if the tick is one and your multiplier is three three multiplier by one so total three so that means for every three point of a moment three point of range it will consider one particular column so for example assume this is one of the column right so one of the bar that we are seeing here so it is happening the overall information that this particular bar contents is basically the range of three points so that is calculated by using this so if you change this the width of the bar width of the bar will be changed and according to the visual factor you need to change this from instrument to instrument so for nifty I'm using it as three sorry for yeah for nifty I'm using it as three for bank nifty I'm using it as a six multiplier provided our tick size is one okay so now the question is how we can use this information so that we can effectively utilize this when it comes to the practical trading all right so how to do that for that the basic understanding is very critical so what this information shows us so basically in this as you can see this is a completion of the 15 minute in that the first thing that it helps us to identify the profile of the entire 15 minute period for example in this case this is a kind of a profile that we are seeing right so with respect to this we can see that this is the level where we are seeing maximum number of seller maximum number of market selling okay we can call it as an aggressive selling as well so in that case it will help us to identify the maximum number of transaction happened area point one and point two it will also help us to identify whether they are market seller market seller market by orders so how we can use this information for example assume that you are in this case okay so you have taken a short order okay short entry okay so in that case okay so assume it was a major support and we are seeing maximum number of selling that is getting executed just below the support okay which is not a good sign for any short positions why because see this this is a basic behavior of the people right so whenever market is in a panic everyone want to dump their positions everyone want to sell the market and that's what is happening and the more number of you know market sell orders indicates what presence of market by orders a presence of passive by orders the limit by orders so that we don't want to happen suppose if the market you know for example in this case we are seeing maximum number of market sell orders here until unless price sustains below this particular level that indicates what the sellers who entered here aggressively are you know good enough or strong enough to defend their positions that's why the price is presented in the downward direction so that indicates a validation of those selling if the by any chance after formation of this particular pattern if price assume I am again repeating it so we are as assuming that there is a major support or key support that we are monitoring at the present moment okay so in this case assume after the same pattern market started to make the reversal that means what the one who sold here is unable to control or unable to defend their positions and possibility of them liquidating their position is quite high they start to liquidate that will you know result in short covering so result we will be able to see the strong reversal so the same condition if you are looking for a long opportunity based on your context if you are looking for a long opportunity the same pattern can be utilized if price sustains above this particular level the maximum number of transaction happened level you can simply look for long opportunity so that's how we can use the use information of footprint charts I hope that is clear if you have any particular questions on it feel free to ask in the comment section so whatever the information that you see having the basic understanding of the context and playing that context is absolutely important that you have to align so that is very critical point okay yeah there is a wonderful question from pro at asking shall we give importance for first 15 minute footprint in nifty and bnf yes absolutely first you know first 30 minute or first one hour place absolutely critical role especially for intraday perspective so definitely especially the first 30 minute defines the range of the market so as per the historical data around 55 to 60% of the time okay around 60% of the time in bank nifty the low of the day or the high of the day established within the first 30 minute I'm saying it is with respect to the past 10 year back tested data the first 30 minute will decide the low and high of the day so that's why it is important to understand what is happening within first 30 minute yep that's the very good question okay SAP is asking can you explain the context of trap sellers and buyers well that's what I explained here for example assume okay so this is a strong resistance okay and it is not like it is not like a secret it is evident and it is very clearly available and visible to everyone to monitor it most of the people will be monitoring it so it is not a hidden level so when price approaches to this there will be a lot of activity why because the same level people will consider it to keep their stop losses some people will you know keep their limit orders so there will be a lot of happening that's the importance of support and resistance so basically assume that this is a resistance price is presently here when price approaches to this level two things can happen either it can break this level and continue to trade in the breakout direction or it can fail to trade and again fall back below the resistance in that case we can expect the downward momentum this is the only two actions that can happen okay so assume that when this particular case happens when this particular thing happens here assume this is a first this is a 15 minute candle that have broken the resistance okay when you see the footprint that's that's the wonderful way of looking into the footprint charts during this period assume that as per the profile of footprint you are seeing more of the transactions happening here in most of the cases it happens if that is a buying orders that's a caution okay so at any given point of time the break of this particular level can bring the upper momentum because the one who entered as an aggressive buy order here can defend their position and market can move in the breakout direction possibility of market moving in the breakout direction is quite high and similarly if in this case okay the same maximum buy orders got placed here and market instead of moving upward direction market started to falling and started to accept below this particular level that indicates a weakness of the buyers who entered here in the second case second example we can call the sellers we can call the buyers who entered here as a weak buyers or a trapped buyers okay so I hope that point is clear the same goes with a support level you can relate to that so opposite is the same so we are seeing a maximum number of selling orders here instead of market moving in the downward direction market start to move in the opposite direction that means that indicates possibility of a trap for the sellers who took short positions below the support is that clear yes any questions any intraday strategy please for NFBNF using that's what I mean stick to the context okay so that's what I said the first step is to identify the trend where you will identify which way the market is primarily trending and you will try to align with the trend and second you need to you know identify the support and resistances immediate available support and resistances and then you can simply wait for price to approach to those levels according to the context and you can simply align with that particular trend yeah it was very choppy today all right yeah yeah the overall first 30 minute you know this this is an information that is very critical so basically we are seeing the sellers at this particular level okay at this particular level and we are again seeing a buyers at this particular level so which clearly indicates that there is an indices in a indices units in the first one hour itself the first 30 minute there was an aggressive cell and aggressive by at the same time so the first one hour itself has given a hint that the possibility of market moving in the sideways direction is quite high so that's the benefit of using footprint charts okay so I was using a 30 minute chart so usually I keep it as 15 minute okay so I hope that is clear well if you have any particular questions feel free to ask yeah salvage stay away or is there any way to trade see the intention of trader is not to trade every day please understand you if you are an intraday trader or full-time trader that doesn't necessarily mean that you have to take every single trade you have to wait for the right opportunity and then when there is an opportunity evolve then you take the action so if there is no trade then no trade I mean see for example nifty for example in this case after one hour there was complete kind of a sideways I mean there was not much of happening so in that case it is better to avoid a trade so either it it didn't this decisively approached high or the low after the first one hour so there was no decisive approach in the entire action itself so in that case it's better to stay away or if you at all want to take a trade or take decisions you can simply work on strangles or basically the option selling strategies all right cool if you have any particular questions feel free to ask by the way how many of you are already using book map pro version charts how many of you are using it and how many of you are familiar with this tool before attending this session okay pro ad is using SAP is using how many of you are familiar with order flow tools before this particular session new to this okay cool SAP is using cool so it will be very interesting when price approaches to this zone it will be interesting to see the action at the present moment you know it's kind of you know kind of a no trade opportunity because see even though if you take long trades the room that you have here for targets is very less in that case it is better to avoid such kind of conditions one thing is that you are going against to the market and yeah I mean in that case you know price approaches to this level there will be a lot of happening and then you can take decisions with respect to the evolving patterns in the order flow information okay so I want to quickly just a moment I want to quickly rewind the entire session so basically today we have discussed about the framework how to look into that basically the trend location and entry and exits and then we looked into the information of absorption today and also bvo indicator in book map and footprint charts these are the important information that we have discussed today so far and if you have any particular questions with respect to any of the information that I have shared so far if you have the any questions you can please ask in the comment section so we have time till another two minutes so if there are any questions I will try to take that yes so day high and day low and VWAP are the key area right yes yes obviously for intraday trader you can see that in the live market itself when market approaches to VWAP there was a pullback so VWAP plays a very critical role for any particular intraday trader and of course day hand day low there is one more wonderful tool offered by book map which calls it as price high and low so by default it will help you to identify the high and low of the day so for example in this case this was the low okay for example here is where I have drawn that just a moment yeah so day high day low this is a day high this is the day low so by default this will be identified when you enable the price level indicator and if you enable the 100% and 0% so 100% indicates the day high 0% indicates the day low level you can also configure the levels based on the percentage if you want 50% position you can simply enable the you know mid range which will help you to identify the middle price level so I'm presently enabled the high and low of the day which will help you to identify the dynamic highs and lows of that particular day all right so I hope for today's discussion added value thank you so much for your wonderful time keep attending these kind of sessions so there will be a lot of learnings with respect to the dynamics of market and if you like the today's information please share this information with your friends so that they can also get benefit from the informations that we have shared in this session so once again thank you so much for your wonderful time and see you in the next session until then take care