Nifty OrderFlow

Here's the Nifty march future cumulative delta chart as we begin a new series.

 

Nf Cumu 6 Nifty Orderflow

 

As the chart shows, after the big trending down move the NF is at the 2SD band and as expected the delta shows some shorts coming off.

 

At the 2SD band the market can consolidate or go higher. The chances of a further down move are only about 5%.

 

The delta is still short though.