 So once again very good morning everyone. Hope all of you are doing good. Thank you so much for being here and let's begin the session So it's a live analysis of nifty and bank nifty using book maps order flow tools and powered by true data All right. So before I proceed so that there is a quick disclaimer Whatever the information that I'm going to share from now onwards is for educational purpose only don't consider it for buy Sell buy or sell recommendations Please do thorough research before taking any decisions because stock market investments are subject to market risk All right. So let's quickly get into the chart All right, so I'm opening a 30 minute chart now right now. We are looking into nifty continuous chart so basically nifty futures data and As as usual Okay, so as usual we go by the framework that we regularly follow if you're attending our session on a regular basis We'll be knowing it. But anyway, I just want to I just want to recall it again So it's called a TLE framework. All right, so in simple words T means a trend. Okay, so T means trend and And L means locations and he means entry and exit Okay, so in simple words T means a trend means at the present moment The first step is to define the trend in which way the market is trying to move whether it is moving in upward direction Or downward direction or sideways direction once we are clear with the overall direction of the market or the trend of the market So all it does all all it all it for us to take is All it takes us for us to align with the existing trend of the market in simple words Let's say if the market is moving in upward direction. Okay, so how we define the upward direction So basically higher highs and higher lows the basic price action method So if the market is making higher is and higher lows We define it as an uptrend if the market is making lower lows and lower highs Lower lows and lower highs then we define it as a downtrend if market is going nowhere And it is making a range kind of a moment. Then we will define it as a sideways market once we define the direction of the market We need to align with this particular trend. So in that the second step is to identify the locations We don't take a random decisions. We take entry and exits at a specific desirable locations in simple words basically the support and resistances for intraday trading It may be like previous day high previous day low or the first one hour high and low We call it as an I be high and I be low So all these are the levels that we monitor and we Observe the price when the price approaches to those levels and we take the decisions according to and in line with the existing trend These two steps complete. So then comes the final step where we take entry and exit triggers which we Do by using the bookmap for tools. So I will be explaining about the process At the present moment. So first, let's focus on the trend in which way the market is trying to move. All right Just a moment So by just looking at the price, we can clearly identify that from this point onwards market is clearly making higher highs and higher lows All right. So in terms of the 30-minute chart market is presently trending in the upward direction And if you also see the broader picture Right. So let me zoom out Yeah If you also look at the broader picture, you can clearly see that the market is clearly trending in the upward direction from around 17,000 level 17,000 level So in terms of the trend, it is very clear for us even in the short term and the broader picture market is presently trending in upward direction Okay. So in that sense, it all makes sense for us to align with the Trend or the primary trend of the market, which is uptrend. So we can look for the long opportunities in nifty So let's look into the bank nifty chart All right So in terms of the bank nifty the same scenario market is presently trending in the upward direction And market is at the present moment even in the short term span So market took the reversal from around 42,400 level And it is presently trending in the upward direction by making higher highs and higher lows So it is very clear for us that we can look for the long opportunities All right And then comes the big question that where we can look for the opportunities at the present moment It's around 10 8 a.m. All right So i b range or the first one hour range is about to complete And let's identify the desirable locations are basically the support and resistances which are Just a moment. Yeah Which are very critical. So at the present moment last day previous day high is somewhere around 43,570 Definitely this level is going to play the critical role and then we have Probable, I think this is going to be the eye below. So I'm going to mark that as well 43,044 And then we have an immediate Level which is at 42,680 why it is important is because you can see here Here And again market took the reversal from the same level So more the market respect that level significance of the support and resistance increases that you already know it All right So let's look into the immediate resistances if there are any All right, so just a moment. Let me Ship down to daily chart Yeah, at the present moment we are trading at all-time highs. Absolutely the 43,570 level is an all-time high for bank companies Definitely that level is going to play the critical role. All right so just a moment And then let's move on to 50 and mark the Level for the day All right, so just a moment So if you have any questions, please take a note of it. So I'll be asking the questions once my Discussion on the analysis complete. So I'll be moving on to the question. So if you have any particular Questions to ask this is a probable high. So definitely the day's high is going to play the critical role 18,685 to 686 level And Considering and one of the important point, okay, so comparing to nifty bank nifty is still struggling Why because you can see bank nifty is still way way to below the All-time high But nifty is already I think it's somewhere around trading at the all-time high already. So it is already breaking out and the first one hour Decisive the first one-hour bias or the first one-hour trading activity shows the clear decisiveness in terms of the buying activity You can see that this first 30 minute candle, okay So first 30 minute activity is so decisive that there was no selling pressure at all So how we can say that so there is no week at all So the break of the previous day high looks decisive in terms of the price Okay, so once this is clear for you, then we can look into the Third step so far we have completed The first process is to identify the trend and second process is to identify the desirable locations in simple words to support and resistances Where we can monitor our price action Then comes the third step where we can look for entry and exit So there are several ways. This is where I'm going to use the bookmap chart There are so many ways by which we can look into the entry and exit triggers Today, I'll be explaining the footprint charts along with the combination of absorption indicators, so This footprint charts are recently introduced in Just a moment Just give me a moment Yeah, so if you just look at the overall bookmap India pro version, so in that the footprint charts was recently introduced in the Indian market So last session also I discussed about the footprint charts So today I'm going to discuss about the combo of absorption indicator and The footprint chart indicator. All right, so just a moment Okay, clear Meanwhile, if you have any questions while discussing about the settings or anything It may be related to anything discuss today's discussion. Please take a note of it I'll be asking questions and you can use the chart option to interact with me. All right Well, so let's Quickly look into the action so we can Clearly see I'll disable Both absorption and footprint indicator This is how the bare Indicator looks like or the book map tool looks like So in this if you don't know what these lines are basically it simply means the present. Okay, so for example, this red line indicates Best offer and the green line indicates a best bid at that particular point of time. Okay, so Yeah So it is not a price Completed activity or the market price. It is basically the best bid and best offer the beauty of this particular line Is that it shows us the structure within The candle. Okay, so if you just enable the candlestick charts over here, you can do that So right now I have enabled the five minute candlestick charts So if you just look at the candle, so we will be able to look at open high Low close. Okay, so up this particular candle, but by using By using the best bid and best offer Differentiation so we can clearly look into the structure within the entire candlestick itself. This gives us the Opportunity to enter and exit the trades way earlier before even trend occurs. So or not before even trend occurs But way earlier in the entire trend. So that that's that's what the benefit of this best bid and best offer line So we're going to refer to that sorry And I'm not going to use the candlestick charts here Once this is clear to you then we are looking into the bubbles over here. Okay, so this Red and green bubbles are nothing but the delta information. So what is delta delta means? Let's say market orders. Okay, so in terms of that present moment, let's say five orders executed It's completed orders market by orders and similarly at the same time There is 10 market cell orders in the same price level So Aggressive this is what we can call it as an aggressive by or market by and this is what we can call it as an aggressive cell or market cell Aggressive by minus aggressive cell is equal to delta in this case minus five So if the delta is negative that means at that price level at that point of time Aggressive sellers are more aggressive. I mean, uh, they won the overall game at that particular price level So this is what we can identify if the delta is positive Then the bubble will be identified in the green level, uh, green color or If the delta is negative, then it will be identified as the, uh, red bubble And one more thing we can look into the information at the at the bubble level is that if the bubble is bigger relative Okay, so this is a relative information. This is not a numerical information So if you compare this bubble at this bubble Even though they are the same red bubble, so we can clearly see that at this price level The transactions were more Comparing to this price level, even though the delta is negative over here The delta, uh, in terms of the volume transactions, the transactions were more at this price level So that's what it indicates in terms of the Relativeness. All right. So similar goes with a, uh, green bubble as well So then let's go to the configure add-ons. Okay. So if you go to the configure add-ons button over here So we'll be able to, uh, or I think the footprint chart is by default available for those who have the Pro version of bookmap chart So you can enable the footprint chart over here and the absorption indicator If you are not able to see the absorption indicator and footprint, uh, chart So you can download them from the bookmap chart by simply googling it So for example, let's say Absorption Indicator book map So we just type this you'll be able to Land up in the absorption indicator, uh, window. So there you will be able to download the indicator using this particular link Once this is downloaded So you just have to simply go to the configure add-ons button over here and you can add the add-ons Which are downloaded as you can see these are the downloaded add-ons So footprint charts is by default available. So once I enabled it, okay So let me explain you what I what exactly the absorption indicator is in simple words You can see the condition over here if within 2.5 seconds. Okay. So this is the default setting. I haven't changed anything over here if within 2.5 seconds 2819 orders got executed. So then identify it as an absorption So this is a condition the logic behind it is very simple that At any given point of time, okay, let me explain you with a chart over here At this price level, okay, we can see the absorption here, okay That means around 9600 orders got executed at this price level within 2.5 seconds And the beauty of the indicator is that it shows us based on the behavior. Okay So at this price level it was an aggressive sell orders that got executed within 2.5 seconds So the question over here is if someone is aggressively selling the market within 2.5 seconds bracket Who is consuming those orders because for any market orders to get executed There has to be the limit order opposite to that. All right So in that sense If this is happening within at same price level if it is happening within the short period of time Then it will be identified as just a moment. It will be identified as an absorption And that shows us the presence of passive buyers. Okay So you can see 9600 orders got executed at this price level within 2.5 seconds That's why this particular indicator identified This particular condition is an absorption and specifically the passive by absorption if you go to the setting of absorption indicator The green Dots the green indications will indicate the passive buyer or the presence of limit buyer. Okay, and passive seller means the pink color You can see this is where we see the 3100 quantity of passive sellers and again here also There is one more setting. I want to show you. So there is an automatic mode and manual mode So right now I have disabled the automatic mode. That means you have to manually enter the orders for example, let's say nifty Is present market sizes the maximum number of orders that you can place in one order is 100 lots So in that case, I'm going to keep it as 5000 quantities. That means 100 lots So the indicator will show us only where the condition met of 5000 quantities executed at the same price level within 2.5 seconds so This is one of the way if you make it automatic So that means software will automatically calculate Based on the today's scenario So I'm going to keep it as automatic mode because I don't want to change this particular number manually One thing if you want to do it you can simply do it by 100 lots or if you if you don't want to do that Automatic mode it looks back 30 minute The last 30 minute transactions it considers the average volume of that particular 30 minute chart and it multiplies it by 5 So last 30 minute Assume that 5 is the average orders that got executed and multiplied by 5 So the input that will be considered here will be 25 Okay, so at the present moment it is considering 2692 since you are keeping it as an automatic mode automatically This particular number will be updated based on the present recent information. So that's why I don't want to change Anything over here in terms of the automatic mode and then comes in terms of the footprint chart I strongly recommend you to watch the last session because I have discussed a very basic of a footprint charts But to give you the perspective over here I'm using a time interval. That means I'm looking into the specific interval specific time How much footprint interval is 5 minute right now? I'm looking into the 5 minute Footprint chart information and the bar width is nothing but the graphical information change if I make it as 80 You can change the you can notice the change over here Okay, so this is the footprint chart that we are Looking into so this is the footprint charts if I just change The footprint charts width. Okay, I will make it as 100 So then it will be automatically changed. Okay, so it's a visual representation Then we have a horizontal smart scaling. So it is recommended to keep it active because so automatically the text and Overall the bar width will be automatically adjusted. So smart scaling is absolutely important So I I don't want to change anything over here and background time I'm going to look into the histogram right now, whatever the information that we are seeing here the graphical information It's nothing but the histogram delta plus and minus. So it shows us three information number one It shows us what are the number of orders that that's got executed in terms of the cells and bytes So for example, in this case, this was the cell. This was the aggressive by okay So you can clearly see that this price level 6150 levels 6150 quantities executed as a market buy orders and hence the bar is painted in the green color And if you also notice the change over here In this price level, okay, there was around 26,800 quantities got executed in terms of the market buy So even in this price level Buyers are aggressive. Okay, so that means aggressive buys are more and comparing to this aggressive buy This is more. That's why the relatedness if you just look into the or compare the both levels So the column width is more here and one more important point is that the color of the bar So you can compare even though they are green They are identified with the different colors the shades. We can say the shades Though darker the shade is more the number of activities or more number of transactions happened at that specific price levels. All right, so Just a moment So in this case, we can clearly see that the moment we look into this We can see that this price level has got 26,800 market buy orders and comparing to All the price levels. This is where we are seeing the more number of Transactions at the same time. They are the market say market buy orders were more aggressive in that price levels That's the information we get from Put print charts, okay And one more critical information I want to show you so you can change the transparency factor and most important Point over here is huge shades. Okay. So if I disable the shades Uh, it will only consider green and red colors to identify the bar colors But if I use the shades, it will show us where the number of maximum activities happened So it will show us even though it is a green so it will differentiate the Overall number of transactions happened at that specific price levels. So then footprint bar type charts So there are different way of calculating. Uh, so right now. I'm using a buy into sell So I'm I don't want to change anything over there. So it shows us the buy into sell calculations of the footprint charts, okay The most important point over here is that the tick multiplier. Okay. So listen to me carefully. This is a critical information So what this indicates is that It's nothing but the vertical width or vertical height of the bar. So let me explain you Okay, this is a Height of the column. Okay. So assume that it is 18,000 Okay, it is 18k and the high of the this bar is 18,003 How I'm considering 18,003 because that will be calculated based on the input that you in the tick multiplier So that's why this particular parameter is important and in this case for nifty I'm using it as three. That means for every three points, okay So for every three points the footprint charts will be calculated and within that three points price level So we will get the information of how much orders got executed Overall, what was the transaction? Who were in control and most importantly, what is the aggressiveness level of them? So these are the information we're going to get So this will be changed. The tick multiplier will change based on the instrument present price level For nifty. I'm using presently three. Okay for bank nifty and presently using Six the double of nifty. All right. So you have to adjust this according to the visual factor So how you are how the visual factor of the overall footprint charts are looking like so it has to look clean So that's the overall idea of giving a tick multiplier So then once it is clear for you then how we can use this information in order to take the decision So that's the basic question, right? So I'm going to explain you the combo of absorption indicator and the footprint chart indicator. Okay It's the moment Once the trend is clear, okay Once we know that the market is primarily moving in the upward direction Then we are looking for a long opportunities and then we are also clear with the critical price levels today It was a day high. So Once this is clear for us, we can look for the long opportunities how we can do that Say for example market Took the correction over here. Okay, and we saw the Absorptions the passive buying absorptions all over this particular trend and from this point onwards market took the Again the continuation of the trend happens over here. So in this particular case Okay So we can look for the passive buying activity first point And the break off last swing high That can also be the Trigger or the entry trigger for us. All right Or we can look for a specific price levels in this case The today's high was a specific key level for us in that case Assume that the break of this particular level you have taken an entry This is one of the way to get into the trade, but it will be more aggressive aggressive kind of a trade at this stage Market took the reversal. Okay market took the reversal from this price level So we know that this was the day high for nifty and right now this is where the swing is So you can also look for the break of this particular swing and then also take the entry So this is little conservative comparing to the last method, which is getting directly into the trade here Or if you are little aggressive So you can straight away take into the entry when there was an absorption when there was an absorption over here And the break off last swing high can also be the trigger for entry. All right Once this is clear, we can utilize the overall footprint chart information in order to either take an entry. Okay, just a moment Yeah Either take an entry or simply to trial our stop loss. For example, let's say assume that you have taken an entry over here Okay at this price level once you are entered You know that you have to keep the stop loss to the last swing low or the last absorption level Once your stop loss is placed. Okay for every five minutes. We will get the footprint chart information We can utilize in the two ways one is that Where the number of maximum activities are happening? For example, let's say in this price level There was an aggressive buy. Okay. There was an aggressive buy and comparing to the overall level the it was Relatively it was more number of buyer activities were more at this price level Since we are into the long trend. We don't want to get into the trap. Okay. So just a moment Just give me a moment Just a moment Yeah, just give me a moment. Okay. All right So once this is clear, so Assume that we have taken an entry over here and this is where we know that the maximum number of activities happened at the same time The buyers or aggressive buys were more at this price level Since we are in the long trade. We don't want anything or any particular aggressive buying activity happening In terms of our direction So if the price is accepting about this particular price level, then it is very good for us Okay, because the one who entered aggressive buy who entered here are strong enough to continue the price action in the upward direction But by any chance price is taking the reversal from that particular price level Then that is a caution for us in that case We can simply look for trailing our stop loss to the as close as to uh as close as possible Or we can reduce our stop loss so that we can also reduce our risk This is one of the way we can use the footprint charts. This is point one or we can also use the footprint charts To keep our stop loss active for example, let's say At this price level, okay So when you entered over here instead of keeping stop loss at the low level You can simply keep your stop loss to the maximum number of activities that happened over here All right So maximum number of activities happened over here and similarly after five minutes You can simply try your stop loss So in this case the overall transaction happened at the higher level itself So that was a caution for us. You can simply try your stop loss to the last swing low This is one of the way you can uh safeguard your profits or Just a moment Yeah See at the present moment, okay So assume that you were in the trade and uh, this is where the maximum number of aggressive buying activity happened And you can simply keep your stop loss just below the column and at the present moment Let's say, uh, the stop loss is getting triggered over here. So that's a that's a good thing So we don't want to you know hold over on losses So we simply want to exit the trade whenever there is a caution This is one of the way we can use the footprint charts or There is one more beautiful way we can use the footprint charts in order to take an entry or even the exit or stop loss condition So in terms of the entry, okay, so let me explain you here So by any chance, okay, this is the critical level that identified Okay, assume that this this is the level where we are trying to monitor the price And once the price approaches to this level, we will be getting a real-time information of the footprint charts as you are presently seeing So as we can see that around 1003 50 orders executed as a market sell orders And that's a good point But the follow-up of the price is absolutely critical. So assume that after this particular You know activity if the price is instead of moving downwards if the price is accepting and if the price is moving again Upward direction then the cells who entered here the sellers who entered over in this particular price Is getting trapped. That's that's the basic identification of it. So Just a moment So one the first information is that where the maximum number of activities are happening and what is the behavior of that volumes And then comes The follow-up of the price how the price is behaving after the information occurs So in this case the price has to sustain above this particular price level at the present moment in order to You know actively trade in the upward direction So if we at all want to look for a long long opportunities We can look for long opportunities above this particular level based on the price pattern So we can simply look for the break off last time If at all it happens So if it is not happening if the price is sustaining below this particular price level Then that's not a good sign for a long opportunities or long trades. This is one of the way or Once the critical levels are identified. For example, in this case, this this is level. This is the level Which plays a critical role, right? When price approaches to this level, we will be having a order flow information Just give me a moment Yeah So once price approaches to this price level Okay, so we don't want to see any kind of You know aggressive buying activity with a more relative relative transactions. So something like this Okay, so these are the assume that these are the bars and maximum number of Aggressive buys happened over in once this happens We can simply trial our stop loss as close as possible And if the price is sustaining above that the overall aggressive buys level, then that's a good sign for us We can continue to hold our trades in the original direction. This is one of the way we can use so in simple words the overall Information of footprint will help us to identify Where the maximum number of activities are taking place and what is the behavioral factor of that particular Transactions and based on that how we can you know take the decisions based on that particular information All right, this is how we can utilize the information at the present moment Since the price is looking in the upward direction or presently training in the upward direction We are looking for a long opportunities Okay, so break up this particular price level or You can see this level. This is also one of the important key level where we are presently seeing an absorption as well Okay absorption and supported by more aggressive columns Will be the better condition for us to look for a long opportunities So if that happens if that happens, okay, listen to me carefully There will be a short pullback And again, there will be a short pullback in the opposite direction. The break of this particular swing Can be a better opportunity for us to look for a long trade This is one of the way we can look for at the present moment in the nifty So let's look into the bank nifty information bank nifty. Also, we're looking for a long opportunities Just a moment But as I said, in terms of the aggressiveness or the decisiveness bank nifty is still looking weaker Comparing to the nifty. All right So in this particular case, we can look for a long opportunities At the day low level or when market approaches to this Support level then we can look for the information of footprint charts and as well as The absorption indicator information Then we can look for the long opportunity same pattern. Okay. So price approaches to this level There will be a pullback and there will be a swing and break up that particular swing can also be the entry point for us All right. So if this is very clear for you, let me recall whatever the discussions that we had so far The first thing is that we follow a framework called tle t means a trend So in which way the market is presently trying to move. So basically identification of the trend And then we have something called as a location where we identify the desirable locations or desirable Specific locations for us to get into the rate support and resistances previous day high previous day low I be high and I below Once that is clear, then we move on to the third step where we utilize the information in today's I have discussed about the combo of absorption and the Footprint charts we can use this information in order to trigger the entry and exits and also at the same time Trial our stop loss so that we can safeguard our profits at at the same time. All right. If this is very clear to you All right, so just a moment So if this is very clear for you now, let's look into the questions. So if you have any particular questions you can ask All right, so you can utilize the chart option over here So if you just Look into the right side right top corner You'll be able to see the open chat option. You can interact with me over here Or you can also go to the bookmap india voice channel and open the chart from there also you can interact with me. All right So any questions on today's discussion? Okay Venu is asking. Hi, sir. Can you please show me the footprint parameters and footprint size? Okay So for nifty, okay for nifty footprint charts I'm using the time interval setting for five minutes per width is 100 Font size is maximum 14 Font size is 14, but I have enabled a smart scaling. So if I zoom in and zoom out, so it will be automatically Uh, it will be automatically updated, but the maximum number of Footprint uh font size is basically 14. All right And I'm using a histogram delta plus and minus positive color green and negative color red and I have enabled the huge shades option Transparency factor you can change this according to if I reduce the transparency the transparency bar will be reduced So if you keep it full, so it will be clearly visible Is background right and left and so I want to keep it as a left line if I enabled right enabled so it will be opposite to the alignment, so it's basically the visual factors Okay And then buy and to sell footprint types. I'm presently using text. I have enabled All right, and uh positive text and the negative text color. So I made it as a White only there is no change that there's a default setting maximum font size is 14 Crypto rounding. So don't think too much about this. The main point for us is the tick multiplier. So I have kept it as three provided so This is also one of the information I missed to Do so when you add up instrument, right? So let me add some instrument over here Okay So while enabling or while subscribing to the Instrument it will ask you what is the tick size that you want to look for So if you want to use the footprint charts at the present moment, so you can keep it as one Okay, so this tick size is very important. So once this is kept as one Okay, then if you give this Information as three then it will consider as three if you keep it as that as a point five Then if you give the input as three three multiplied by point five how much 1.5 so While subscribing to the instrument if you want to use the footprint charts make sure that you keep it as Uh, you know one as the tick size. I hope that is clear any questions See that's the pattern that is presently been forming We're breaking off this high okay provided price has to sustain about this aggressive by you know selling level or The maximum number of volumes happened that particular price level the price has to sustain So presently market is breaking that price level and Momentum is coming up in the upper direction. All right. So break off Today's high okay break off today's high can bring additional momentum and comparing to bank nifty nifty is looking little, uh, you know, uh convinced or kind of uh conviction of longs is pretty much high in terms of the nifty for today's market. All right, so Let's look into the information of yeah So price is presently struggling at day high. So let me change this to 15 minutes chart now So break off this high is very important at the present moment 18,680 break and Sustainance of the price above this is quite uh important In order to gain any particular momentum in the upper direction. Similarly, let's check out bank nifty If you have any particular question feel free to ask in uh chart option The if you look at the opportunity part, uh, so definitely bank nifty has a more opportunity Uh in terms of the overall rewards for example, let's say assume that the price is uh surviving above this particular swing And room for bank nifty is quite bigger But for nifty also, it is very much bigger 43,570 level can be easily targeted if the price is surviving above this level and price is sustaining And continuing its momentum 43,570 can be A better target for bank nifty. All right. So just a moment Any questions? There is one more way of Uh, you know calculating the footprint charts if you go to the footprints Instead of time interval, you can also look for the range. Okay Okay, so there is a question. Can the footprint? Okay, I will take the question in the first place and after that I will explain that feature Can the footprint add-ons be combined with any other book map advanced add-on for better analysis of nifty and bank nifty Or is it a standalone? Okay. So we can use it as a standalone indicator Combining with the price But the better way is the that I prefer We can use the absorptions absorption indicator Along with the footprint will give us first thing that this particular lines Help us to identify the structure within the candle point one and point two footprint will help us The levels price levels identify the price levels where the maximum number of activities happened and also the behavior of that particular transactions and most importantly The absorption will help us to identify the possible reversals in the structure for example, let's say if the market is moving in the upward direction So the possibility of us getting the you know absorptions in this particular key levels Okay, he's very very much high So you can clearly notice that if I just zoom in zoom out the overall price So you can clearly see that okay, so let me disable the footprint and show you So we can clearly see that wherever the you know, uh Absorptions are taking place. Obviously market is forming a structure over there. Okay So that's the beauty of absorption indicator very much critical and uh, we can combine both absorption and also the footprint charts to gain more clarity and also Conviction, all right Yeah, we can also utilize the sweep indicator. Uh sweep indicator will help us to identify the momentum so I'll explain that I think that combo I'll be explaining in the next week. I'll try to explain it in the next week. All right Sweep indicator. All right, so we can also utilize that or we can also combine Okay, we can also look for the information of this cumulative delta. Okay, this is also one of the beautiful way to look for any, uh kind of reversals for example, let's say Market is presently moving in the upward direction We know we have identified the trend as upward direction and we are looking for a long opportunities either we can enter at the break of specific levels Or we can look for the reversal rates mean reversal rates, uh kind of let's say at the present moment. Okay This is a hypothetical example Presently market has trended in the downward direction in this week But we are looking for a long opportunities So in terms of the overall, uh, you know this cumulative delta So if this is also going down and the price also moving in the downward direction that indicates or that shows the overall relatedness between both the actions, but if the price is moving down If the price is making lower lows, but The cumulative delta is making a higher loss Then there is a divergence as as simple as like as similar to the rsi divergence So if the divergence is between the price the structure of the price and the cumulative delta, uh structure then that Indicates the overall selling activity that happened in the price is more weaker and Provided along with an absorption if there is an absorption at the same time and market is moving the upward direction We can look for aggressive entry. Okay, aggressive Long entry in this particular case by just keeping the stop loss below the absorption level I hope that is clear. That is also one of the strong way to get into the trend Little aggressive, but it can offer the bigger rewards All right Any other questions a time interval types? Okay So we go to the footprint charts, uh Time interval right now I'm using as a five minute If you want you can change it to the 10 minutes 15 minutes So I strongly recommend because for every trader it uh differentiates So some user will use five minute charts and someone will use a 15 minute charts So whatever the time frame that you are monitoring at the present moment Let's say I don't want to change anything. So I want to monitor the Footprints in five minutes if you are a trader who monitors the 15 minute candles in the price chart So then you can look for a 15 minute information of the footprint charts so The logic remains the same but intervals of the time will change up to 30 minutes You can change it. So right now I'm going to use it as a five minute Information all right, so it's nothing but the specific Time information within which we look for the calculation of the footprint charts All right, so we know he's asking poc parameter of place. Okay, so If you just enable the svp, okay session wise range volume profile right click on it configure columns Then you will be able to uh, you will have the option to enable the poc on the chart if you just enable this Okay, you can change the color setting and also you can do that Okay So point of control is nothing but the price level where the maximum number of transactions happened So if the price if the poc is trending in the upward direction, okay So that means market is accepting in the upward direction So there is a there is more demand in the market and hence the overall number of transactions are taking place on an average in the upward direction This is a powerful tool To identify the immediate trend of the market immediate change of the trend in the market So for today's market, you can clearly see that the point of control earlier It was in this level and then this is at this level and in present moment. It is presently trading at 18670 so If if you identified the overall price as per the price the market was moving the upward direction Similarly, point of control is also moving in the upward direction that adds the point to the initial discussions or initial consideration of the price trend So if the point of control is uh, you know continuously making a Lower loss and lower rise that means the overall price is presently trending in the downward direction and The volumes are taking the more and more volumes are taking place in the downward direction that shows the acceptance I want to explain you this logic or the concept One is that the price moving in a certain direction and price accepting in certain direction So the time factor and the volume factor considers or it it counts when it comes to the part of acceptance So acceptance of the price is very much critical For us to monitor the price and also look for a trade opportunities. For example, let's say we assume or we are looking for a long opportunities As long as price survives and sustains at the higher levels. That is a good sign for any particular long opportunities So number of time the more the number of time it spends in our direction And more number of volumes or more number of acceptance which we identify using the point of control So that's a good sign for us To stay in the long trade. All right or any particular Trend direction that you have identified So we can identify that acceptance part by using the point of control So we can clearly see how beautifully market is presently trending. So we identified This is where the overall absorption we have seen and Market is presently surviving above this particular price level and we are seeing a momentum. All right So break up the today's hike and additionally add a further momentum to the overall price right I hope that is clear and was helpful So if you have any questions you can ask or we will simply Okay, so there is a big question from jv. Can we say that footprint chart shows the number of contracts stated while absorption shows Whether the limit order is completely absorbed and if price moves beyond the absorption point Okay, the price is expected to continue the same direction as price is accepted Okay, that's a brilliant question from jv. So who is asking Just give me a moment. Yeah So absorption shows whether the limit order is completely absorbed. Okay Uh, that's the one point. So that will be identified using the absorption indicator And price is expected to continue in the same direction as the price is accepted If the price is surviving above the absorption level, absolutely If the price is accepting particularly above the overall absorption levels, okay And the maximum number of level that we see in the footprint charts. That's a good sign for us So for example in this case price is presently surviving above This aggressive sell. So that means whoever sold here, right? So aggressively sold the market over here are getting trapped or maybe they were the profit booking So the question here is if someone is aggressively selling. So who is consuming those orders? So in that case Number one is that the identification of this behavior of the behavior of the volume and how the price is behaving So how the price is behaving so that we define it I define it based on the acceptance or based on the price behavior So price as I said earlier I was discussing price has to survive above this particular level And it has to spend more time above this price level then that's a good sign for us So that's how we can you know integrate the information. I hope that is clear Any other questions? So this is how the powerful The absorption indicator indicators are so you can clearly see how you how beautifully the overall absorptions have identified But the most important point always go by the framework that will help you one thing is to avoid the unnecessary traits and second Just a moment. Yeah Second is to have the clear framework and clear picture that what I should do what I should not do So just because you are seeing the absorption you should not get into the long trend So we are aligning this information with a present trend. So that will help us Or that will give the power for us to align with the basic trend. So we are not Looking for a trade or looking for an opportunity again is the present trend. So that's why framework is absolutely Important, all right. So where can traders purchase book maps footprint add-ons? Okay, so I think I have shown that information. Just give me a moment If you visit the book map dot true data dot in we just Right now I'm using the book map india pro version Which covers almost all the majority of the advance add-ons cumulative volume delta I can see that all these advance add-ons VWAP is basically the basic indicator, but correlation tracker absorption indicator sweep indicator footprint Footprint is by default enabled for the pro version and instrument copy be break even point price levels and cross bbo So all these are the advanced add-ons that you are going to get with the book map pro version for future cds equity All right And in case we see lower numbers of contracts being traded above the absorption point Okay, jv is asking one more question would mean that it could be a fake breakout or okay so I strongly recommend you that don't Completely concentrate or don't try to concentrate on the numbers. Why because It always, you know, it you cannot say that this is a bigger number There there is always, you know, you know, what do you say? There is always the bigger number or the smaller number comparing to the present information. So It is important. So if you have a number information, it is important to have the reference for it Okay, if you don't have a reference for it or the means for it Then definitely it makes no sense for us to look for the information of the numbers alone stand alone So that's why it is important for us to look for the relative information For example, let's say at the present moment, how can you say that the 18150? Let me zoom in a bit So, how can you say that 10700 is the bigger number? All right You cannot say that just by looking at the number, but if you have a relatedness to that So, for example, let's say if you just compare this price level which has a 4850, you know, aggressive buys Where in this particular level has 10700 aggressive buys So if you have a comparison, then obviously it makes sense to look at the numbers Yes, yes, depending on what point of the candle. Yeah If you just looking at the overall information of that particular specific candle If you have a comparison number, then absolutely it makes sense. Absolutely. It makes sense So some reference has to be there if you if you are depending on the numbers I hope that is clear any other questions Let me recall an information one. So today we have discussed about the basic framework So basically TLE trend location and entry and exits So for trend, we utilize the information of the price historical data to Identify the existing trend and we look for the trading opportunities Uh, either it is long and short based on the existing trend If the market is making higher recent higher lows if the market is in uptrend Then we look for a long opportunities either at the breakout or the pullback Or if the market is moving in the downward direction primarily Then we look for a shorting opportunities either at the break of the last supports or the Pullback at the resistances. That's one of the information If the market is moving in the sideways direction Then we look for the buy low and sell high activities or buy and buy low sell high kind of Trading opportunities that we look for if the market is presently trending in the Sideways market. So context is important for us. First thing is to identify the trend Second thing is to identify the desirable locations and third thing is to identify The trading opportunities using the information of any information like it may be an absorption indicator footprint indicator We can use these information in order to take an entry and exit and also be cautious about the Present change of the market and based on that we can simply trial or stop loss Accounting to the present information that has been uh, you know plotted by the market. All right, so This is how we uh, you know Look for trading opportunities. I hope that is clear and Thank you so much for your wonderful time. I hope the today's session added value to you Please consider this as a Educational information don't consider it as a buy or sell recommendations The information that I've shared for now is for educational purpose only it is not any buy or sell recommendations Please do thorough research before taking any decisions to Please do thorough research before taking any decisions because you know Trading and investments are subject to market risk. So keep attending the sessions The information will be dynamic according to the dynamics of the market. See you next Monday Thank you so much for your time