Often, there are few retail traders lament they end up losing because some privileged set of traders have access to some data/info which isn’t available to common public
Whats the reality behind it?
@PAVLeader @sanstocktrader @Abhishekkar_ @RajarshitaS @BissaGauravB
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Whats the reality behind it?
@PAVLeader @sanstocktrader @Abhishekkar_ @RajarshitaS @BissaGauravB
thread 1/7
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NSE real time data is provided in 4 levels
1. Level 1 provides best bid & ask price
This includes the Best Bid and Best Ask and total accumulated volumes displayed as Bid/Ask Size. It provides all of the info needed to trade using most price/indicator based systems
NSE real time data is provided in 4 levels
1. Level 1 provides best bid & ask price
This includes the Best Bid and Best Ask and total accumulated volumes displayed as Bid/Ask Size. It provides all of the info needed to trade using most price/indicator based systems
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2.Level 2 provides market depth data upto 5 best bid and ask prices
Level 2 market data is also known as the ‘order book’ or ‘depth of market’ (DOM) or ‘market depth’. it shows the number of shares or lots that are available at each bid and ask prices.
2.Level 2 provides market depth data upto 5 best bid and ask prices
Level 2 market data is also known as the ‘order book’ or ‘depth of market’ (DOM) or ‘market depth’. it shows the number of shares or lots that are available at each bid and ask prices.
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ITS THROUGH THIS DATA, THE PRICE AT WHICH WEAKER ORDERS ARE KEPT CAN BE IDENTIFIED; THIS IS HOW SL HUNT HAPPENS. BECAUSE WHO HAVE ACCESS TO THIS DATA, KNOWS WHERE THE WEAKER ORDERS ARE PRESENT; THEY USE IT TO PROVIDE LIQUIDITY IN THE MKT.
ITS THROUGH THIS DATA, THE PRICE AT WHICH WEAKER ORDERS ARE KEPT CAN BE IDENTIFIED; THIS IS HOW SL HUNT HAPPENS. BECAUSE WHO HAVE ACCESS TO THIS DATA, KNOWS WHERE THE WEAKER ORDERS ARE PRESENT; THEY USE IT TO PROVIDE LIQUIDITY IN THE MKT.
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3. Level 3
provides market depth data upto 20 best bid and ask prices
Essentially the same as level 2 data except for it shows the number of shares or lots that are available at each bid and ask prices r the larger orderbook; as many as20 compared to 5 in level 2.
3. Level 3
provides market depth data upto 20 best bid and ask prices
Essentially the same as level 2 data except for it shows the number of shares or lots that are available at each bid and ask prices r the larger orderbook; as many as20 compared to 5 in level 2.
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4. Tick by tick
consists of every order or a change in the order.
This includes all new order, cancelled orders, executed trades both fully or partially etc. the size of the data will be big for each symbol. For example, nifty has around 250-300 trades every second
4. Tick by tick
consists of every order or a change in the order.
This includes all new order, cancelled orders, executed trades both fully or partially etc. the size of the data will be big for each symbol. For example, nifty has around 250-300 trades every second
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info presented here taken from scrambled sources such as nse, truedata etc websites. credits to original sources. readers are requested to verify the credibility of the info presented here. no commercial interests are kept hidden in it. pls RT if its useful. thanks
info presented here taken from scrambled sources such as nse, truedata etc websites. credits to original sources. readers are requested to verify the credibility of the info presented here. no commercial interests are kept hidden in it. pls RT if its useful. thanks
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