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Reading broker flow: what the floorsheet can and cannot tell you

Every trade has a buying broker and a selling broker, so the market's net flow is always zero. What matters is who is on each side — and how to read that without over-reading it.

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NEPSE publishes a floorsheet for every session: each contract with its symbol, the buying broker, the selling broker, the quantity, the rate and the amount. It is the most detailed public record of who traded — and one of the easiest to over-read.

The market's net flow is always zero

Every share bought was sold by someone. Add up the buying and the selling of every broker in a scrip and the net comes to zero, every session. "Money flowing into a stock" only means something once you ask who is on each side: a handful of brokers buying steadily from many sellers is a different picture from the same volume spread evenly.

What the floorsheet can tell you

  • Concentration. How much of the buying in a scrip comes from its top five brokers, and whether that share is rising.
  • Persistence. One session of heavy buying is noise. Net buying by the same brokers across ten or twenty sessions, with the price holding, is a pattern.
  • Size. Whether a broker's side of the day reaches a size you would call operator money. Portexa lets you set that threshold yourself, in lakh or crore, and counts only the money above it.
  • Behaviour around moves. What the same brokers did before and after the scrip's sharp moves in the past.
  • Time of day, when available. NEPSE's verified transaction timestamp identifies when a contract executed. Portexa uses supported source transaction times for intraday charts and shows how many trades have known times.

What it cannot tell you

  • Who the client is. A broker trades for many clients. Broker 58 buying 50,000 shares may be one investor or two hundred.
  • Intent. Accumulation looks the same whether it is a long-term buyer or someone preparing to sell into strength.
  • Missing historical times. Older or incomplete records may have no verified transaction time. Collection and save times do not establish execution order; those trades stay in session totals and are excluded from time-based charts.
  • What happens off the exchange. Promoter transfers, pledges and other movements outside the trading system do not appear.

When the same broker is on both sides of a trade, shares have moved between that broker's own clients. Read those contracts separately from trades between brokers.

Reading it with the price

Broker flow is evidence, not a signal on its own. It is most useful beside the price: concentrated buying while the price holds a support is a different story from the same buying while the price is extended far above it. Portexa's Broker Analysis shows each broker's side of a scrip, Smart Money & Liquidity separates operator-sized money from the rest of the market, and Broker Footprint looks at what brokers did around every ±5% move.

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