This video below is a short lookback on the trading activity in the Nifty futures on Dec 11th 2018, the date of the state election results.
The video plays back the activity in the Nifty futures from the Open at 9.15 am to the close at 3.30 pm though an Orderflow chart, which allows a trader to see the Buying and the Selling as it was happening.
The OrderFlow charts are about reading supply and demand real time and can be also used to study the liquidity of the market and decipher zones on an intra day level where either the Buyers are more aggressive or the sellers are dominating the day. They also point well to a market which is balanced or a stage where the buyers and the sellers are almost equally matched.
On the particular day, post the big gap down we had strong buyers at the open and some short covering who overcame the new supply of the first 10 minutes and traded the market to session highs of 10607 quickly.