#orderflow can help make a reasonable guess if markets will remain in range or find potential strong break out points. This then helps build context to take positions on either range reversals or range breaks.
So today markets opened lower. Question- Break lower or pullback?(1/n) #banknifty as an eg., assuming first scenario as a potential pullback into yday range. This is stopped out by large limit sellers near 42500, this coupled with large OI increase and aggressive selling at 42500CE adds credence to a downside theory. 150K+ traded in 2 candles (2/n)