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Thank you for confirmation So once again welcome back to and at another interesting session on live analysis of nifty and back nifty powered by true data and Bookmap chart So we're going to discuss about so many things in the live market But before I proceed further, I have an instruction that whenever I ask a question Whenever I ask you to interact, please do interact with me using the chat option So that will help me to you know that will help me to understand that you are you are listening to me And you are understanding what I'm telling. All right, so a quick disclaimer The information that I'm going to share on its video is for educational purpose only it is not for me by your cell recommendation Any investment decision in stock market are subject to market risk. So let's quickly get into the subject So first First of all when it comes to the overall subject, all right So before we directly jump into the book map, we go through the process or a framework. All right So it's basically like I call it as a TLE framework. All right. So for those who don't know about this team means a trend. All right In simple words in which way the market is trying to move whether it is in uptrend or whether it is in downtrend Or is it in sideways? Why it is important to identify the trend is that if you don't know primarily where the market is trying to Hey, you know, primarily where the market is trying to move. So we will end up with the unnecessary trades That's why the first step is to identify in terms of the overall price Historically at the present moment where the price is heading. So how we can identify it very simple the price action information itself So if the market is making higher highs and higher lows, okay So for example in this case higher highs higher lows higher highs higher lows higher highs higher lows So until when this particular pattern persist in the market, then we can call it as an uptrend. All right and similarly if the market is moving in the Lower low and lower high format. Okay lower lows and lower highs Then we can call it as a downtrend and similarly if the market is going nowhere If it is staying in sideways kind of market, then we can call it as a sideways or a choppy market So once we identify the trend all it takes us for us to identify with respect to the I know Align with the trend. No, right. So for example, let's say you identified the trend as uptrend Either you can look for the break off last swing or you can also pull back You can also look for the pullback entries like whenever it pullbacks to the last support. Then you can also look for entries That's why identifying the primary trend is absolutely important So in that step, we're going to identify the trend in the first step and second one is L. L means location all right in which in which location are we trying to enter or in which way or in which Location we are trying to exit in simple words. It's nothing but the immediate support and resistances for example Since we are trading it very short term then we can Identify the previous day high for example, let's say in this case. This was the previous day high This was the previous day low previous day high previous day low is very important So and next thing is I be high and I below what I mean to say is nothing but the first one over high first one over low That is for immediate day and if there is any major support and major resistance For example, in this case, this was the major. This is the major support for nifty at around 18,000 550 Why this is important is that we don't take decisions first thing we identify the trend And second thing we do we don't take decisions randomly We take decisions at a specific price levels and that's what helps us to chop out the unnecessary trades That's that's very important. That's why we identify the second step, which is location identification nothing but support and resistance Identification and the final step that is where the main, you know core part comes in That's where we we are going to use the bookmap charts in order to get into the trade and get out of the trade for both There are so many indicators involved in it. So I'll be explaining each one of them when it comes to the overall bookmap charts, not it if this is very clear to you then we can move on to the Next step, all right So first thing is to identify the trend we can clearly see. Okay, so let me zoom out a bit and show you If you just look at the broader picture, okay, so from this point onwards, okay This is where the last major lobe we have seen 16,800 after that market is continuously trending in the upward direction Which is a good thing But there will be a little bit corrections in between so market will not move in a straight 45 degree line as you can see there was a correction over here and there was a correction over here and here and Correction is a healthier healthier part of the entire trend. And that's that's what exactly we are trying to You know that that's what we are trying. That's what we are presently seeing in the market So there is one more correction in the overall uptrend So even though broader picture is suggesting that there is a major uptrend in the overall market at the present moment there is a bearish bias or we can say the Downtrend is in terms of the overall correction downtrend is going on. All right at the present moment so with respect to that This level is going to play the very critical role. Let me mark that this is where 18,560 a healthy correction can happen till this particular level If at any given point of time if the market try to sustain below this particular level Then there is a there is a little bit of concern in terms of the overall Bearish trend. So definitely we can expect market to trend below this particular level. So For today's market, all right market is presently here. We have a room till this particular level That's what we can and cash for today's market. So basically we can look for a short entry by targeting 18,565 and most important point over here is that if you just observe the initial our price action, okay, so let me zoom in a bit As you can see over here that from the market open itself. I'm showing the nifty 30-minute chart from the market open itself market opened here and there was a buying presence How I am saying that there is a week in the first candle 30-minute candle but that was clearly negated and again price started continuing in the Existing trend and as per our concept projection concept We can clearly see that the presently market is forming lower lows and lower highs So even though broader picture suggests there is a long trend or there is a uptrend At the present moment at the correction wise there is a short term Shorting opportunity for us and there is still a room till this particular action and one more point I want to add up here that at the present moment. Okay at the present moment market is trading at Previous day low. This is a make or break level. We can say for today's trading if at all if at all market price Sustains and if market rejects from this level and if it starts to sustain above previous day low That is this particular level. Let me mark that as well Somewhere around here 18,760 all right if price sustains above this particular level again by rejecting the lower levels then the complete analysis of short term The possibility of market reversals in the upward direction again continuation of the uptrend is quite high But until unless price sustains below this price level. All right. This is a very critical information. I am saying sustained Okay, that means I want price to be accepted below this particular level previous day low Until when that happens we can look for shorting opportunities if this is very clear to you So this is what we are setting up the context here So basically markets broader picture. It is training the upward direction But at the present moment it is in a correction mode We can expect a correction till this particular level and one more point It has to sustain below this particular price level until that point We can look for shorting opportunities once this is clear to you then comes we have also identified the second step We have identified the critical levels for today's market and of course, this is also one of the important level Let me mark that as well So today's high which is at 18,840 838 To be precise so around 840 roughly. So that is also one of the critical level. All right So once this is done We have to look for a trading opportunities So now we are clear that we have to look for a shorting opportunities that When we go to the or when we shift into the bookmap chart We can look for one thing is that we can look for the breaks of swing lows point one or we can also look for the pullbacks and Absorptions so don't worry. I will explain the options in the next slides When we see the options and again if the price is continuing in the downward direction, we can also look for the shorting opportunities. All right, so if it is clear to you then we will move on to the third step, which is Entry and exit before that. Let's also look into the bank nifty Concept what is happening in terms of the bank nifty is also almost similar to the nifty Okay, so if you just look at the broader picture market is trending in the upward direction But at the present moment comparing to the nifty nifty We can clearly sense or we can clearly see immediately that there was a correction trend going on in terms of the overall immediate short-term bearish moment, but here we can clearly see that at the present moment, okay, so Let me add that point here See always market moves in a different phases Okay, so let's say if the market is making higher rise and higher lows Then we can call it as a trending phase and in the same trend there will be a Consolidations, okay, so something like this Consolidation and after that market continues in the upward direction That's how the healthy trend will be if it is not happening if it is breaking this particular level and there is also Possibility of an entire trend reversal as well. So at the present moment We can see until this point market was trending in the upward direction and after that it went into the choppy mode So this is where we are seeing the range or in terms of the market profile concept We will call it as a what do you say like bracket? All right, so this level This box, you know, so let me mark This entire box is going to play the critical role So until when okay, so for bank nifty concept in terms of the bank nifty There is not much of a room even for shorting. Okay, so there is a lesser room comparing to the nifty and We can look for a long opportunities. This is a very important point We can look for a long opportunities when price approaches to this zone. Okay, so this entire zone. I mean to say There is a different context when it comes to the bank nifty How we are saying this basically we have identified the existing the immediate short-term trend in terms of the bank nifty as a sideways trend So until unless price sustains within this range We can look for buying low when the price approaches to lower bracket and we can look for shorting at the higher level This is exactly what the strategy When it comes to bank nifty So once this is done We are going to monitor the overall projection in the bookmap chart and we can look for training trade opportunities In the bookmap chart. Alright, so let's So I hope this is clear if you have any particular questions you can leave the questions in Chart options so you can interact with me on the chart any questions so far now We are looking into the bookmap chart. Okay, so if any beginners are there So don't get confused with the overall information. So I will simplify it for you Just a moment Let me disable all the indicators and then I will show you one by one Okay, so at the bear price level, okay, we have two lines over here Okay, so if I zoom in a bit will be able to see that there is a red line and there is a green line In simple words, it's nothing but the best bid and best offer at that particular price level So the entire bookmap software what it does is that it stores the historical data of best bid and best offer It is not an executed price It is basically a best bid and best offer if the best bid and best offers both are decreasing That means there is a supply in the market if it is increasing there is a you know demand in the market and I will also add up the point over here is that the volume dots So this is where we will see the further information in terms of the execution of the order So far it was not an execution of the orders. It was a passive orders passive orders change and of course The execution also goes hand in hand. You can see the volume dots is where the real execution happened so software calculates the ultimate like, you know, whenever there is an execution whenever someone places some market orders and it will be calculated as a executed order and once that is done that will be considered in terms of the Dots and most importantly, there is a color difference as you can see there is a green dot and there is a red dot So that means the green dot indicates a an executed order, but the buy market Executed order. So someone placed a market buy orders at this price level That's why it is identified the software identified as a green color and similarly if it is in a red, then it is a market sell orders So if this is clear to you then there is a one more relative difference that you can notice that Some bubbles are bigger. Some bubbles are lower even though For example, let's say this particular bubble is bigger comparing to this That means in both the situation here also someone placed a market buy order and here also someone placed a market buy orders But when it comes to the number of transactions number of orders the number of orders were more here Comparing to this particular level. So we can clearly differentiate the relate relatively We can differentiate the overall size of the order at the same time behavior of the order. Okay, so let me give the context For example, let's say there is a Okay, assume that this has a resistance. Okay, listen to me carefully when price approaches to this level, okay Either two thing can happen it can break this level and it can continue in the upper direction point one or it can take a false Break and again it can you know move in the opposite direction So any particular momentum in the price either can happen from a breakout or the false breakout Okay, so when price approaches to this level assume someone is aggressively buying here And we are seeing a bigger bubble. Okay, bigger bubble comparing to all the bubbles in the other areas Okay, so that means someone is aggressively buying over here and the next immediate question is what will be the follow-up of the price Assume that the price is following up and it is continuing in the upper direction and price is sustaining That means someone entered aggressively over here was more confident enough and He's also convinced that the price is going to stay at the higher level and we can look for the long opportunities point one By any chance, okay, so the same situation There is a bigger bubble of this green bubble and after that the market is reversing in the opposite direction That means someone bought aggressively at this particular level But price is moving in the opposite direction That means the buyers the market buyers who entered at this price level is getting trapped so We are concluding here or we are you were including sorry We are including a both the volume behavior and also the price follow up so both will give us the idea that at the present moment, what is the Situation that is taking place whether it is you know The what kind of volumes are getting placed and similarly what will be the follow up of the price with respect to that We can identify the entire context of the market if this is clear to you. Let's move on to the next wonderful indicator that is offered in the book map Pro version, which is So at the present moment, we have discussed about the volume dots and then we have something called as absorption indicator So this is one of the powerful indicator offered by book map. So which is nothing but okay, so If you go to the absorption indicator setting within 2.5 seconds, so this is what the condition is This is what the condition that software looks for within 2.5 seconds at a single price level 5,421 quantities got executed. So that's huge. That's what the calculation is all about There are two ways you can calculate the absorption. So basically you can disable the automatic mode. You can see here Once you disable it, you can manually adjust. You can manually adjust the overall number here For example, let's say the maximum number of orders allowed in one particular order for nifty is 5,000, right? That's what that's what I want to Enter here. So whenever there is a 5,000 order quantity is executed within 2.5 seconds This particular condition will trigger. That's what we are seeing here and the software will identify it as an absorption As you can see at the present moment itself There was 10,250 quantities entered in the market as a market by orders within 2.5 seconds That's why the software is indicating it as an absorption. Okay, and That means someone is aggressively selling over here All right. So someone is aggressively selling But at the same time within that short period of time someone has aggressively consumed those order for any particular order to get executed Right. So for any market orders to be executed, there has to be the opposite passive order or a limit order That's what it indicates. In simple words, whenever there is an absorption, the possibility of immediate reversals will be quite high For example, let's say price moves in for example We know that market moves in a this kind of pattern like lower lows and lower highs This is an example when we see the possibility of getting the absorptions at this particular levels are quite high That's exactly why we are going to use the absorption. So in simple words We know that primarily market is moving in the, you know, we are looking for a shorting opportunities So what we what we can look for is that we can look for an absorption Sell, you know buyers absorptions when price reverses. For example, in this case, assume that market is here and if it takes a immediate counter trend and there is an absorption. Okay, so absorptions of Buyers and again if the price is moving in the downward direction, we can look for the shorting opportunities at the swing low Okay, so this absorption point will add up the, you know Convincing point for us in the entire decision-making process. So that's why we can use we can use the absorption indicator or one more setting is that you can also enable the automatic mode. So What software does this? Smartly it looks for last 30 minute of volume transactions and it takes the average of it and then it multiplies by the HD Multiplayer that you have set here. So presently I'm setting it at 5 So you can increase it if you increase it the number of signals will be reduced So if you decrease it number of signals will be more So at the present moment, I found the five four or five will be the, you know, sweet spot for the setting of automatic mode of HD Multiplayer. All right. So this is the setting and remaining all the appearance settings so that you can change according to your need. I Hope this is clear to you. Once this is clear to you. Okay, so absorption indicator and The overall context that you have placed in the initial discussions Once that is clear to you then you can look for the shorting opportunities When there is a absorption. So, for example, let's say, assume, okay, this is a hypothetical example You were looking for a shorting opportunities price approach to VWAP level and immediately we saw the absorption over here That is a kind of a caution or a kind of a confirmation for us to look for other trade opportunities What we can do, we can simply look for the break off last swing low when followed by the Absorption that's very important. So once we we are in the trade once we have we have taken the trade immediately We can place a stop loss about the absorption level. That's how we can use the absorptions All right, and similarly whenever whenever there is an absorption opposite to us So this is where we are seeing a buying absorption and after that immediately there was a selling absorption sorry the buying absorption that means a seller entry and the break off last swing low again This can be a condition for us to move our stop loss from initial stop loss to next stop loss So with this sense absorptions can be used either for entry or we can also use it for trailing stop loss All right, this is how we can use the absorption indicator and there is one more wonderful tool called point of control So if you go to the session wise volume profile over here, okay, follow my cursor Click right on it go to the configure column and show point of control on chart The moment I does that so There is a line that is showing here. All right. So initially it was here and after that It is moving in the downward direction What it simply means that Where the maximum number of transactions are taking place at the present moment So it is a dynamic point of control based on the volume So this is a critical information for any particular intraday trader because it shows Like for example, even though price, okay So assume that is a hypothetical example assume that the point of control over here over over here And the price is presently trading here Okay And you know that as per your overall context or the framework you are looking for a shorting opportunities and presently price is trading at the day Hi, all right So at that point of time you can immediately short the market based on the formations Okay, so I will come to that point later We can look for a shorting opportunities by targeting the point of control immediately That's basically the main reversal thread. This is one of the way we can look for trading opportunities And one more important point is that the point of control will help us to identify the immediate trend in the market So in simple words point of control help us to understand or identify the acceptance of the market One is that the moment of the market But acceptance of the market is where the point of control will help us to identify it So for example, let's say Initial point of control was here. That means even though price was trading below more of the number of transactions were happening at the higher level but After that you can see at this point of time There was a downshift in the entire Point of control That means the number of transactions the maximum number of transactions level is reducing consistently So that again adds up to our framework that the presently in terms of the short term immediate trend in terms of the point of control Also, it is trending in the downward direction. All right So this will help us to identify the trend in one sense and also it will help us to Uh, you know, when we are taking a mean reversal trade, we can use the point of control as a target All right So this is one of the indicator To identify the immediate short term trend by just using the bookmap chart and we have something called as Cumulative delta over here the bottom line something looks like a rsi Which is nothing but the cumulative value of the delta So now you can ask what is delta delta means in simple words as I said the market buy orders There will be a market buy orders. There will be a market sell orders in the market So assume that some price level, okay some x price level We have a 10 number of market buy orders and five number of market sell orders at the same price level That means the market buy orders minus market sell orders Is equal to five the final result comes to five though. This is nothing but the delta Okay So for next price level assume that the delta is uh, 10. Okay. So this is a hypothetical example the immediate delta The last delta If you if you sum up the both so it will come to 50 So this is the cumulative delta. So this if the cumulative delta is increasing That means the aggressiveness in the buying activity is increasing And similarly if the cumulative delta is decreasing, that means there is an aggressive selling activity and consistently it is Consistently the aggressive selling activity is increasing. All right. So Market is moving in the upward direction and similarly cumulative delta is also moving in the upward direction Is the point where we can look for like we can identify at that point of time the aggressiveness in the entire uptrend is also High the conviction of these buyers are high If it is in the reverse, for example, let's say market is moving in the downward direction market has made the lower lows, but In terms of the cumulative delta it is making you know kind of convergence In opposite direction, then the selling activity that happened in the last swing is The conviction of those sellers are a little lesser and we can expect the immediate reversal as well So similar to like rsi divergence. Similarly in this particular case, we have The divergence of cumulative delta. So we can also look for trading opportunities using that information Okay. So once this is clear to you Then we all it takes us to align all the information that we have discussed so far and take an effective decision So i'm i'm just going to use absorption and i'm going to use the cumulative delta information point of control information. That's it. So With respect to that at the present moment, we can look for the reversal to the V-WAP this is the white line the white line is nothing but the V-WAP And if there is an absorption, okay, listen to me carefully There is an absorption and the price is moving downward direction. We can look for shorting opportunities of last swing lows Okay, so for example something like this, okay market approach to this level And this is where we have the last swing and we saw the absorption over here And we can look for the shorting opportunities of the break of last swing So this will be our entry point. Okay when we can exit. So basically as I said in terms of the nifty In terms of the nifty we can target 18,565 In terms of the bank nifty, we are not looking for a shorting opportunity. Instead, we are looking for a buying opportunity at the lower levels. Okay, so We can target this particular level and where we can keep our stop loss. So as I said When there is a pattern, right? So when there is a pattern, we can immediately place our stop loss just above the absorption level So we can either exit at the target or we can look for absorptions opposite to over trade and we can keep our stop loss trailing until when there is a You know trend persistence till the end of the trend. I hope this is clear If you have any particular questions, please feel free to ask in the chat option So if you at all want to Align with a major trend, okay So in both nifty and bank nifty the majorly market is trending in the upward direction on a broader picture so long opportunities can be identified in the bank nifty and shorting opportunities can be identified in nifty So there is much of a room in in terms of the nifty I hope this is clear If you have any particular questions with respect to today's discussion, feel free to ask in the chat option Let's check out the bank nifty once If it is clear to you, then we can move on to the footprint chart Which is very recently introduced by book map See the kind of pattern that we were looking for so price is approaching to VWAP and we are seeing more of a Aggressive buying activity and also the absorption selling buying absorptions by 2175 quantities is getting executed Or it's getting consumed the buy market orders. So Let's see what happens with respect to bank nifty, but more of the opportunities is presently at The nifty when it comes to the shorting opportunity All right and one more tool. I want to discuss at the present moment Assume that you are looking for 15 minute information. Okay. So at the present moment assume that this is a 30 minute Okay, let me show back to 15 minute chart Yeah, so when we just see the candle, okay When we just look at the candle, we will be able to see the Open high low close just the 2d information of it But when you just look into the volume behavior and volume information within the Candlestick, okay, so how we can see that In the same thing, okay, let me disable everything. Okay, absorption indicator and Let me have that no problem and I will disable the point of control. Okay point of control and in this If I add The footprint, okay footprint So there are so many settings. I I request you to watch our previous session on Footprint charts. So I have explained the very basic part over there So in terms of that in a simple sense, we are looking for let's say that was a 15 minute chart Footprint bar type time interval. Okay. So that means we're looking for a time interval specific time interval similar to like candlestick But footprint interval I'm going to keep it as 15 minute. Why because I'm monitoring the price action in the 15 minute. Okay. So this is an example If you are monitoring the price in five minute, you can change this to five minute So width is nothing but the width of the bar that we are seeing over here the bars that you are seeing now. So I'm going to look at the histogram Plus and minus. So that means it will help us to identify the volume profile of the 15 minute candle And also it will help us where the maximum number of activities are happening and third important thing What kind of behavior it was? So whether it they were a buyer's aggressive buyers or aggressive sellers So let me zoom in a bit and show you See at the present moment, all right So this was the initial 15 minute time overall information overall information of the footprint chart so footprint chart will help us to understand the Price action of that particular specific interval in a clear manner as I said first thing is that it shows the volume profile So this is the volume profile we have at individual price level and most importantly Second important point we will be able to identify where the maximum number of activities happened So in the entire first 15 minute candle, we can clearly see that there was this This is the price level. Okay. So this was the price level where we have seen the maximum number of activities And next immediate thing that it helped us Whether it was a market buy orders or market sell orders in this case At this stage, there was a market sell orders placed around how many quantities? So if you just look into the number information, it will also help you to understand around 19,300 Market sell orders got executed within the price level of 18,820 to 823 level So obviously that is one of the critical level for the entire day. Okay. So that's also we can We can identify the locations using the Just a minute So this entire range, all right So this entire range is going to play the critical role for today's market. Why because In the initial lower itself the first 15 minutes and 30 minutes is very critical So this is where we have seen the aggressive Selling orders the maximum number of aggressive selling orders happened over here And most importantly price is still surviving within this below this particular level at any given point of time If the price starts to accept above this particular price level the first 30 minute or first 15 minute Volume information that is going to play the very critical role and after that only we are seeing the Market continuation the downward direction. So if at all price sustains above this particular price level then then it's a Then it's a caution or it's an Sign where we can be alert about our shorting opportunities or we can also think of Changing our you know concept to look for the long opportunities. That's how also we can use this particular information Point one. So in simple words, it will help us to identify the profile of the entire You know time interval that we have selected and there are so many ways you can calculate at the present moment I have selected this time interval basis and you can also do this by reversal range By simply, you know giving the tick data, you can look for range information But in simple sense it it makes sense for us to look for a time interval footprint charts All right So as we can see that at the present moment, okay, so just give me a So it will help us to identify where the maximum number of activities happened point one and point two What was the behavior of those number of transactions? So that is the Key here. All right. So now price is approaching in terms of the nifty price is presently approaching to VWAP And at any given point of time, uh, assume that it was a completion of 15 minutes And we are seeing the profile the maximum number of uh buying activities happening above the VWAP But price is trading opposite to the overall that buying activity Then obviously It is it is It is falling in line with our entire context and we can look for shorting opportunities at that point as well All right So I hope that is clear. That's how we can use the footprint charts any questions with respect to this feel free to ask in the comment section and Let's try to monitor the overall price action. What exactly is going to happen Right the classic condition if you at all, uh, you know the the condition that you are looking for a shorting opportunities, then obviously the entry trigger was Somewhere here the break of this level was the Selling opportunity. All right. This is where we have we had the initial shorting opportunity And this is where we can keep our stop loss All right and as in one at the present moment, you can see I will also show you that point, okay, so Until this point, okay, so we were trailing our stop loss initially Initially, we our stop loss was somewhere here after break of this particular point And this is where we moved our stop loss when the price You know breaks this last low by Having the absorptions over here. Let me disable this and show you Okay, so in this case, we assume that we have may we have moved our stop loss to this particular price level And this is where our stop loss to that that means, uh, I think one ratio two trade All right one ratio two trades Till this particular price level But we are looking for a second opportunity at the present moment Okay, Sparsh Kumar is asking in youtube, sir. Please help me to set up like your chart. Which chart are you looking? Are you looking for The footprint chart which are let me show you Go to the absorption indicator two point five seconds or maybe two seconds Okay, and automatic mode 30 minute five multiplier so with that You will be able to identify the absorptions in this fashion and footprint charts. Okay, so that's I will show you the configuration setting that I have at the present moment. So if I just enable the footprint charts I have enabled a time interval mode and again, I want to tell you This footprint interval right now it is at 15 minute You can make it as five minute if you're if you are observing the price action in the five minute So I usually do it in 15 minute You can do it in five minute as well based on your time interval. Okay And horizontal small scaling the try to Enable this it will help you to smartly align this text size and everything according to your zoom in and zoom out actions All right, and then we have a use shared So this is also one of the important settings So it will help you to identify the difference between the color difference color wise there will be differences Okay, so I'll keep it here and show you the differences and similarly Most important thing is background type. Uh, there are so many ways by which you can calculate the Footprint at the present moment. I'm keeping it as histogram Delta plus and minus so It will it will identify the overall volume and also the volume behavior It will help us to identify the delta behavior of the overall volume like green and red color It will identify market buy and sell orders something something like that positive color negative color based on your need You can set that Use shades I said that enable this it will help you to identify the differences Transparency based on your need you can change this if you disable the transparency So there will be a little bit of transparency and if you increase it you will be able to see it clearly, okay so This right alignment left alignment is basically nothing but the left and right side of the volume Volume profile, but I want to keep it as a default setting. I don't want to change anything Footprint chart footprint type. I have kept it as a buy and sell order So which will help us to identify the cell and buy differences. So that's why I want to Monitor it in the bind to sell or you can also look for some some means Overall it will help us to identify the number So now you can see only numbers it is showing at the present moment It will only shows the entire summation of the entire level So I want to see both the information. That's why I want to keep it as buying to sell Show text. So it's again based on your need if you want to relatively compare then no need of You know having the text. So just by looking at the volume profile information will itself help you to take the effective decisions So it's up to you to keep the text information enable or not And maximum foot font size is 14. This is the default setting. I haven't changed anything So this is I don't I don't suggest you to suggest you not to change it. So this is a default setting He's text right aligned. So If you just disable it, so basically it's nothing but the alignment of the text keep it as it is So I haven't changed anything but the last important setting Okay, this is this is an important setting in the footprint, which is tick multiplier Okay before this I want to show you if you subscribe to any particular new instrument Okay While subscribing it will ask you to input the tick size So make sure that if you want to use the footprint charts Keep it as one tick size as one So provided that Again when we say three tick multiplier for nifty when I say three It is nothing but the price level that we want to monitor. For example, 18,000 to 18,003 within that particular price range it will look for the information of footprint if I increase it Just notice the change if I increase it and Place denture you can see we are seeing the bigger bars now. That means the same footprint chart information Will will now present looking for the five Point of differences in in terms of calculation of the footprint charts So this is again based on the visual appearance. So basically I found three as the you know standard multiplier for you know, it will help us to identify the Locations so this you can test and trial according to your need I hope this is clear for bank nifty the footprint chart Uh Tick size provided the one is tick size. I am keeping it as double of the nifty because presently is trading double of the nifty So that's why I want to double the tick multiplier right I hope that is clear Okay, please explain sweep syndicator. Okay. There is one more indicator called sweep syndicator. Okay, so let me enable it But before that just a moment. I want to show you here If you visit the book map dot root editor dot in this is the pro version presently I am using this is the pro version And we have many indicators over here in that we have discussed about the cumulative volume delta point of control v-wap and absorption indicator footprint charts all these are the level all these are the different add-ons or the indicators that you get along with the pro version for mcx nsc equity future cds any data you can plot and you can plot the information of You know all this order flow informations And someone is asking a sweep syndicator. Okay Similar to absorption indicator. There is one more indicator called sweep syndicator So this is little tricky to understand but I will simplify it for you So basically sweep means what the immediate momentum, right? So immediate momentum will be identified by the sweep syndicator it is almost similar to absorption indicator, but there is a There's a major difference in simple words. You can see this is the condition. Okay, so if I enable it This is the condition That market looks for or the software looks for basically if within 2.5 seconds or any for example 2 seconds or 2.5 seconds The orders execution number of orders is 5191 I similar to the absorption indicator I made it as automatic mode But the main difference here is that the minimum price levels earlier for absorption indicator We were looking for the information or the condition for one specific price level But for sweep indicator We are looking for minimum of price two levels. That means minimum two levels 18001 18002 within that also if the Number of orders that we have mentioned here exceeds at that particular point of time it will identify it as a sweep So basically absorption indicator is happening at one particular price level that shows our software identifies it as an absorption So someone is passively buying or someone is passively selling. That's what the setting says you can see passive seller color passive buyer color But similarly when it goes to the sweep indicator, it looks for multiple price levels. So in that sense It is not for example, let's say if I increase the price levels instead of two if I increase it as five All right So then it looks for the same condition Minimum five levels. So at least look for five particular minimum price level. So five points of price movement So that's the basic difference. I want to keep it as two. That's the basic setting. I don't want to change anything over there and What we see in terms of the activity absorption indicator will help us to identify the passive Passive buying and passive selling activity But sweeps indicator will help us to look at aggressive buying and aggressive selling activity. So you can use both Both absorption and sweep indicators. Let me disable this and show you the difference So you can use both the indicator at the same time It will it will serve the same purpose but some condition Okay, so there will be some conditions where we can miss the absorptions But we can look for we we will be having a sweeps Why because we will we are looking for multiple price levels So if you enable the both price both the indicator, it will help you to identify In most of the cases, you will not miss this particular swings If you identify both All right, so the basic difference, okay the absorption indicator will Tell us or will help us to identify the passive activity in the market and Our presence of limit order. We can say The sweep indicator will help us to identify the market buying activity market selling activity So if both are happening at same the price level, there is no difference. There is no problem, but There will be a situations where we can miss in terms of the absorptions there will be a miss of calculations or The absorption indicator may not show up But at that at that time we can the possibility of getting the sweeps is quite high if you enable both So possibility of you not missing this This swings possible swings and possible swing highs and swing lows You know decreases that's that's what Is the use case of it So in most of the cases, I don't look for sweep indicator But if I'm not looking the absorption, okay So for example, let's say a market is taking a reversal over here I just want to make sure that Whether there is a sweep presence or not if the absorption is not showing up So I will enable the sweep and look for the information If you if you enable the both there is no problem in it but Just a moment But have this in mind that whenever you are looking for a sweeps information that it shows up the aggressive activity in the market or presence of market buying and market selling activities and similarly the absorption indicator will help us to identify it will show us the Passive presence of the activity All right, so I hope that is clear Any particular questions If you have any particular questions feel free to ask in the chat option I'm live in youtube and also the discord I'll be happy to answer the questions But have the context in mind that at any point of time We don't want price to survive above this particular price level in nifty at that point of time We are going to look for long opportunities So at the present moment, it is still below this particular price level There is one more chance that price can approach to this level And it can take the reversal. Okay. So something like in terms of the book map Price approaches to this level there will be an absorption and after that there will be a follow-up Okay, so presently moving in this way and the break up last swing also can be the Shorting opportunity. That's the last point we have Okay, so but in terms of the bank nifty, it is very clear for us that we are looking for long opportunities I think bank nifty is still looking stronger just moment still Kind of you know choppy kind of movement in terms of the bank nifty is quite high but nifty is Decisive in terms of the downward momentum is still moving in the downward direction and Just a moment Give me a moment Spurs Kumar is seeing sir not able to set resistance and support zones You will not be able to do that. You have to set it manually. So this uh Okay, so you have to go to the drawing tool drawing tools and rectangle You can simply draw it. So You have to manually draw it. It's not automatically identified Okay, so what we are looking for. So I want to Recall today's information. So basically We have a framework where we go through three different stages identifying the trend and identifying the locations Identifying the entry and exit points using the it may be an absorption indicator Or it may be a footprint charts. It may be a cumulative delta all the information But the most important thing is that you don't have to use all the information at the same time All right So you can use like two or three indicator or two indicator Will help you to identify the effective decision. So since you are going through the specific process, right? So specific framework Possibility of you getting into some random traits is quite low. All right And that's what the process we follow and in this case At the present moment for nifty, we are looking for a shorting opportunities when price approaches to VWAP And followed by for example, let's say this is how the price is moving and we want to see some uh You know kind of uh aggressive buying activity and passive Selling activity using the absorptions and after that the break of last wing low can be the Shorting opportunity. All right. Okay, just a moment One more important information. I forgot to mention Bookmap India is offering a 50% offer on annual packages for both basic and pro version December 5 to December 9th is the Time band that you have to get this particular Information right now. I think Urbashi have shared The link to get this offer so you can click through that and you can get this particular offer 50% offer is going on On behalf of I think it's a Black Friday deal or something like that. So you can check this out if you are interested. Okay, so Just a moment. This is what the website link. All right. So this is presently shared. I think I request Urbashi to share this information in the youtube as well So you have five days left to get this particular offer All right for both annual plan in terms of the pro version presently. I'm using the pro version So Check this out Okay, Sparsh Kumar is asking but where to draw? Okay to Let me clear this and Show you So if I enable the footprint charts over here, okay, the first 15 minute information I'm just looking for past 15 minute information the zone of This volume sorry. It's not horizontal line rectangle and you can see this is where we are seeing the more aggressive selling activity happened So this is what the range This is where the zone that we have Which we can monitor when price approaches to this particular price level. All right I hope this is clear I request Urbashi to share the link of that 50% offer in YouTube as well Yeah, I think in discord it is already shared I hope this is clear So at any given point of time go through the framework framework will help you to identify in most of the cases First thing is we don't look for random traits. We are looking for A trend and we are trying to align with the trend That's very important when we have the context or the entire framework in mind Then you can look for opportunities along with the or which fits in your context That's very important. I hope This is clear At any given point of time If you have any particular questions, feel free to join the bookmap india group in discord There will be a lot of discussions going on and most importantly If you don't want to miss any kind of learning So try to attend these live sessions on every week monday at 10 a.m We will conduct this live session so that it will help you to identify or it will help you to Gain the knowledge realistic knowledge of these indicators at the real market itself So try to attend in every session so that you will you will gain a lot of knowledge with respect to the dynamics of market All right So that's it from my end. Thank you so much for your wonderful time There is still more time left if you have any particular questions you can Ask in the chat option I'll be happy to answer I'm monitoring both the youtube and discord as well I have sparse kumar question is clear If you have any particular questions, feel free to ask in the chat option So well, thank you so much for your wonderful time The information that I've shared is for educational purpose only it is not for any buy or sell recommendation feel Now use this information as a research purpose every single decision that you take in especially in trading are subject to market risk So thank you so much And see you in the next session until then take care. Bye. Bye. Jai Hind