You might be familiar with The Free gadbad Screener, let us explore some extra features on the Pro Version.
The gadbad pro, has extra 2 colors and The Pivot Screener aligned next to it:
DARK GREEN = Creating new intraday HIGH’s with increase in price on 15min intervals.
DARK RED = Creating new intraday LOW’s with decrease in price on 15min intervals.
Consecutive 2 DARK Green shows strong buying interest with new intraday high’s on a 30 min time frame.
Consecutive 2 DARK Red shows strong selling pressure with new intraday low’s on a 30 min time frame.
Here we discuss 2 examples where institutional buying can be identified during the day on any FnO stocks:
Screening Example 1 using gadbad pro screener:
Here is the screen shot of The gadbad pro Screener at taken at 1:45 pm on 08/03/2017.
Institutional buying interest on YesBank has been identified early during the day using the Yellow Circle between 10 – 10:30 am _ 2 SOLID GREEN BARS
The Intraday charts for YesBank at the End of the day:
The buying interest continues at 3 pm making a 22 point uptrend in the final 30 mins of the trading day.
Screening Example 2 using gadbad pro screener:
Here is screen shot of The gadbad pro Screener taken at 2:45 pm on 08/03/2017.
Institutional buying interest on JETAIRWAYS, BHARATFIN, BAJAJFINANCE has been identified using the Yellow Circle during 2pm and 2:45pm.
The Intraday charts for BHARATFIN, BAJAJFINANCE at the End of the day:
Buying interest continues on BHARATFIN, BAJAJFINANCE after the results were generated on the Screener.