Indicators are useful only when each one has a clear job. Stack too many and you will always find one that agrees with what you already wanted to do. The routine below keeps price action in charge and uses volume to grade it.
Set up the chart
- Open the spot chart of Nifty 50, Bank Nifty, FinNifty or Sensex on SAHI.
- Choose an intraday interval. 5-minute is a good default for reading a full session; scalpers may prefer 1-minute or 3-minute.
- Open the indicators menu (the fx icon on the chart toolbar) and add Volume and VWAP.
- Add OBV and, if you want the smoother read, PVT. Each opens in its own pane below price.
- Mark the levels that matter before the open: the previous day's high and low, and any clear range from the last session.
- VWAP
- OBV
- PVT
One job for each indicator
| Tool | Its one job | Question you ask |
|---|---|---|
| Price action | Find the level and the setup | Where is the range, the breakout, the retest? |
| VWAP | Set the bias | Is price above or below the day's fair price? |
| Volume | Grade the candle | Is there real participation at this level? |
| OBV / PVT | Check the flow | Is volume still flowing with the trend? |
A session routine
The open (first 3 to 6 candles on a 5-minute chart)
Volume is naturally at its highest. Watch, do not chase. Note which side the heavy opening candles favour and where price sits against the previous day's levels. VWAP is still settling.
The morning (until the first clear range forms)
Mark the first range: the high and low that price has tested from both sides. Note where VWAP sits inside it. Volume shrinking inside the range is normal; it means energy is building.
The decision
A candle closes beyond the range. Grade it:
- Is the close beyond the level, not just the wick?
- Is the volume clearly higher than the bars inside the range?
- Is the break in the direction of VWAP bias (an up-break above VWAP, or one that reclaims it)?
- Did OBV move with it?
Four yes answers make a strong breakout. If the answers are mixed, wait for the retest.
The trend
In a trend, the cleaner entries are pullbacks to the broken level or to VWAP on light volume, followed by a rejection candle. Keep checking OBV and PVT at each new high (or low). The first divergence is your cue to tighten the plan, not to reverse.
The close (last 6 to 12 candles)
Volume rises again into the close. A late move on heavy volume can be position squaring rather than new conviction. Be careful reading too much into it.
Before every trade
Five questions
- Level: Is there a clear support or resistance level on the price chart?
- Close: Did a candle close beyond it, or am I acting on a wick?
- Volume: Is the bar clearly taller than the last 10 to 20 bars, allowing for the time of day?
- VWAP: Is the trade in the direction of the VWAP bias?
- Flow: Are OBV and PVT confirming the latest swing, or diverging?
Common mistakes
- Calling the opening bars "high volume". The first candles are always heavy. Compare them with other opening candles, not with lunch-time candles.
- Trading every VWAP cross. On a sideways day price crosses VWAP many times. After three or four crosses, the day is a range; trade the range edges or step aside.
- Treating divergence as an entry. OBV or PVT divergence warns that a move is tiring. Price still has to confirm.
- Reading the OBV value. OBV of "10.8Cr" means nothing on its own. Only its direction against price matters.
- Mixing up futures volume and index volume. They measure different things. Know which one you are looking at.
Questions
Is SAHI's index volume the same as Nifty futures volume?
No. Futures volume counts contracts traded in the futures market. SAHI's index volume adds up the live traded quantity of the stocks that make up the index. It shows participation in the underlying stocks themselves.
Which indices have real-time volume on SAHI?
The major NSE and BSE indices, including Nifty 50, Bank Nifty, FinNifty and Sensex.
Which timeframe works best?
For reading a full session, 5-minute is a good balance. For scalping, 1-minute or 3-minute. VWAP is a session tool, so keep it to intraday charts.
Should I use OBV or PVT?
OBV is faster and reacts sharply to heavy candles. PVT is smoother because it weights each candle by the size of its move. Use one as your main read; add the other when you want a second opinion at a key swing.
Can volume indicators tell me when to enter?
Not on their own. Price action finds the setup; volume tells you how much to trust it. Always let a candle close at your level before you act.
Try it on a live chartOpen a Nifty or Bank Nifty spot chart on SAHI, add the four indicators and follow one session with the checklist.
Open SAHI