Month: February 2019

A good trader is a one who can make money consistently over a longer period of time. But how to become one such trader, who can make money in any type of market condition? A good trader keeps a close watch on the current information of the market and assesses it for change against previous information. You see current information through an OrderFlow chart.

Order Flow can show how a collection of market participates has acted in the past and this helps to create profit by knowing if these traders are profitable or caught upside down.

NF


BNF


Room Chat

09:03 Vtrender Live : (09:01) Vtrender Live: 30 min charts – https://join.me/435-234-325
(09:02) Vtrender Live: option charts – https://global.gotomeeting.com/join/984372677

09:53 Shai : (09:53) Shai : . Positional – Sell BankNifty 26945 (50%25 qty here ) and keep other sell order at 27050 . Sl of Trade is 27270 tgt 26400.

11:05 RK : (11:05) RK : Long NF 10858 for 10878 SL 10838

12:02 RK : (12:01) RK : make exit 10870 (11:05) RK : Long NF 10858 for 10878 SL 10838

12:06 Shai : (12:06) Shai : Added second part of the BankNifty shorts at 27065.

13:10 RK : (13:10) RK : Short NF 10845 SL 10865 obj 10815

13:14 RK : (13:14) RK : stopped (13:10) RK : Short NF 10845 SL 10865 obj 10815

13:51 RK : (13:51) RK : Long NF above 10855 for 10880/10895 SL 10835

14:02 RK : (14:01) RK : part booked 10880.move SL to 10855 (13:51) RK : Long NF above 10855 for 10880/10895 SL 10835

14:05 RK : (14:05) RK : move SL to 10865 (14:01) RK : part booked 10880.move SL to 10855 (13:51) RK : Long NF above 10855 for 10880/10895 SL 10835

14:08 RK : (14:07) RK : booked full at 10895 (14:05) RK : move SL to 10865 (14:01) RK : part booked 10880.move SL to 10855 (13:51) RK : Long NF above 10855 for 10880/10895 SL 10835

14:11 Shai : (14:11) Shai : Hold the BNF trade with a SL above 27330F

14:59 Shai : (14:59) Shai : We are carrying the BNF shorts into tomorrow . Don\’t give up the position today


09:01 Vtrender Live : 30 min charts – https://join.me/435-234-325
09:02 Vtrender Live : option charts – https://global.gotomeeting.com/join/984372677
09:05 Manjunath : GM all………:)
09:06 Azmath : GM All
09:08 Jitender : Gm Folks 🙂
09:10 RK : GM Shai and all
09:11 Jitender : Gm Folks 🙂
09:11 TP : GM All.
09:11 Dhaval : gm all
09:12 Boppanna : Gm All
09:14 Uttam : Good Morning All 🙂
09:16 Subhodeep : good morning ladies and gentlement
09:22 RK : poor volumes for a post event open
09:23 TP : Yes RK , does this mean mkt in no mood to leave the multi week composite .
09:24 Boppanna : kite had issues with orders going thru at open now seems going thru
09:24 RK : yes..nothing in budget for OTF to build inventory thn
09:24 RK : then
09:25 Shai : GM all
09:26 Gautam null : gm
09:26 Subhodeep : welcome back shai 🙂
09:26 TP : Chief WC back .
09:26 Dr Prajwal : i heard chief has mesmerised the delhi crowd..
09:27 Dr Prajwal : congrats shai
09:27 Shai : Good to be back with you guys
09:27 Shai : Thank you. And missed you guys Friday
09:28 Shai : Pereception outside is that you guys are all rockstats cos you have Market profile and Orderflow 🙂
09:28 Uttam : welcome back Shai 🙂 we guys also missed you
09:28 Shai : rockstarts**
09:28 Shai : hope you all had a good session friday
09:29 Jayesh : All bcoz of you Shai…(09:28) Shai : Pereception outside is that you guys are all rockstats cos you have Market profile and Orderflow 🙂
09:30 Jayesh : For making available these view and bringing us together
09:30 Shai : I just showed them the mirror Dr P 🙂 – (09:26) Dr Prajwal: i heard chief has mesmerised the delhi crowd..
09:30 Shai : It is what it is 🙂
09:30 Shai : _/\_ – (09:29) Jayesh : All bcoz of you Shai…(09:28) Shai : Pereception outside is that you guys are all rockstars cos you have Market profile and Orderflow 🙂
09:31 Uttam : BNF hinting at ORR?
09:31 Uttam : but auction in buying tail so not that bullish as well
09:31 Dr Prajwal : but people are not willing accept it
09:31 Uttam : needs to get above 26070
09:32 Uttam : NF is an OAIR and low vols in both
09:32 Uttam : so the grind continues
09:33 RK : NF all set for PDL probe..have to wait and see how much higher it would go before coming down
09:33 Boppanna : RK the test of Friday BNF low was expectation so now see if we accept below?
09:33 RK : yes Bop
09:33 RK : BNF is weak here
09:33 Dr Prajwal : back to the profile ORR can it lead fierce trend day?
09:33 Subhodeep : please do let us know when you call the high and the reverse :)09:33 RK : NF all set for PDL probe..have to wait and see how much higher it would go before coming down
09:33 RK : no hint from vols for that..lets see Dr
09:40 Dr Prajwal : what is that 17080
09:40 Boppanna : Happening d) BNF gets weaker below 26950 for a move down to the vPOC of 26900 & 26800
09:52 Uttam : 10895 tag coming in NF?
09:52 Uttam : has greens at lows
09:52 Uttam : needs to get above vwap and sustain though
09:53 Shai : . Positional – Sell BankNifty 26945 (50% qty here ) and keep other sell order at 27050 . Sl of Trade is 27270 tgt 26400.
09:53 Uttam : boom 🙂
09:54 Shai : larger time frame hold– keep it small for now
09:57 Boppanna : Possible to target this expiry or next week expiry better ?
09:57 Boppanna : if playing options
10:01 Uttam : NF big reds here
10:01 Uttam : morning longs forced to exit?
10:01 Uttam : -60k COT
10:01 Boppanna : looks like
10:19 Manjunath : test
10:21 Jayesh : pass
10:21 Subhodeep : mjs 777 anywhere in sight :)??
10:38 MJ : Good morning Room and Shai. Good to see you back 🙂
10:40 MJ : Shai, that Bandi coat looks sleek on you.
10:53 Manjunath : tks
10:54 MJ : Hey Subhodeep. You want 777 haan?
10:55 Subhodeep : would not be too bad but lets look at 830 as the first pit stop
10:55 MJ : Okay.
10:56 Subhodeep : seems ot be a low vol day and no one interested in doing anything post the open
10:56 Subhodeep : answering the question of what the market is trying to do ; its trying to don nothing as yet 🙂
10:57 MJ : Yes. waiting game.
10:57 MJ : Be alert and continue to watch nuances building up.
10:57 Subhodeep : trying to be i am 4 eyed now 🙂
11:00 MJ : 63k vol at 850 level to be watched out for.
11:00 Boppanna : NF within the first hypo so far a) NF has immediate support at HVN of 10890, below which it can probe lower to 10875-861 zone and below that to the FA of 10835
11:05 RK : Long NF 10858 for 10878 SL 10838
11:28 Boppanna : Shai volume chart under the 30 min NF not updating?
11:29 Shai : updating ..
11:31 Shai : have moved the links for 30 min charts and option charts on the tabs. Let me know your views . the 30 min one at join me is zoomable
11:31 Shai : we can always go back…
11:32 MJ : Join.me 30 min link works well without app on mobile too.
11:36 Uttam : ledge forming around 10872 RK in NF?
11:37 Uttam : lots of greens in that 5min bar in NF which tagged vwap and looks like most of them are stuck?
11:38 RK : looks like Uttam..expecting G period to flush either side..lets see
11:38 RK : 10840 or 10880 in G
11:38 RK : locals still imo
11:39 MJ : Yes Rk.
11:39 MJ : looks like.
11:39 Miyajan : Shai’s postnl call on Bnf co-incides with increase in volatility in bond market
11:40 Shai : okay
11:41 Shai : we have an extension handle at 27260 which would be diff to cross
11:41 Shai : Friday was an icomplete DD
11:41 Shai : Neytral day also so this consolidation of today points to more downside
11:41 Shai : we will add the other position if we get a swinging move up
11:42 Sandeep : Nifty 11kce at time 11.13 to 11.17 each min candle have unsual volume. Can we know is this a buy or sell side?
11:42 Sandeep : Around 200k for each 4 bars
11:43 RK : BNf one move above 27K on cards
11:43 RK : rest would be decided once that probe is done
11:45 MJ : RK. Value forming just below previous VAL. Grind in this region can be a sign of testing one party big time?
11:45 Shai : well matched bid ask- (11:42) Sandeep : Nifty 11kce at time 11.13 to 11.17 each min candle have unsual volume. Can we know is this a buy or sell side?
11:45 Uttam : thanks RK
11:45 Shai : looks like a negotatiated price
11:46 Sandeep : Thank you Shai
11:49 RK : extn of IBL possible later (11:45) MJ : RK. Value forming just below previous VAL. Grind in this region can be a sign of testing one party big time?
11:52 MJ : RK VAL in your charts is 853 too?
11:52 RK : 10872
11:56 Uttam : NF smoothening the ledge at lows looks like first
11:57 MJ : Thanks.
11:59 MJ : @Shai has the RO point changed from previous series?
12:00 Boppanna : 19k at the top BNF
12:00 Uttam : above 10875 NF can tag 895 RK?
12:00 Uttam : that morning buyer of 17k booking?
12:01 MJ : Looks like Uttam can have more legs.
12:01 Uttam : 19k green at top in BNF
12:01 RK : make exit 10870 (11:05) RK : Long NF 10858 for 10878 SL 10838
12:02 MJ : 22k reds in bnf.
12:02 RK : no ammo here
12:03 Uttam : looks like 10895 coming
12:03 Uttam : BNF above 27060
12:03 Uttam : DD in the making?
12:04 MJ : Watch for 882.
12:05 Subhodeep : 878 first i presume
12:06 Shai : Added second part of the BankNifty shorts at 27065.
12:07 Gautam null : me too
12:07 Gautam null : holding shorts
12:08 Subhodeep : bnf added @27050 shorts
12:11 MJ : 882 c period high Subho.
12:15 Subhodeep : ok mj
12:18 TP : RBI Monetary Policy decision to be announced at 11:45 am on February 7……normally was 2:30 pm . Cracker of an expiry on 7th.
12:18 Boppanna : thx Tej for the update
12:19 TP : wc
12:20 Sandeep : Nice info TP. Thanks for the update.
12:22 TP : wc, here is the link..https://twitter.com/BloombergQuint/status/1092307857926631426
12:29 Sumit : no scree
12:31 Sumit : no screen
12:32 Shai : ?
12:32 Shai : charts up?
12:32 Gaurav : fine here
12:32 Boppanna : fine here
12:32 RK : yes
12:32 TP : yes
12:39 MJ : 10900 pe getting green bands.
12:40 Shai : back in IB the BNF
12:40 Shai : let’s go for neut ext
12:42 Boppanna : +1 SHai
12:42 MJ : Shai take that 851 guy out please.
12:42 MJ : NF.
12:43 Shai : 851?
12:43 Shai : 766 he is
12:48 MJ : 63k morning greens
12:48 MJ : around 850 they/he came.
12:50 MJ : 827 cometh.
12:51 Shai : yes have to update that chart . will do – (11:59) MJ : @Shai has the RO point changed from previous series?
12:52 MJ : Thank you.
12:52 Shai : out 27060 seller is up 100 already in BNF
12:53 MJ : Yes Shai 100 there. Reds around vwap should take it further.
12:55 RK : volumes are concern today
12:55 Subhodeep : big concern
12:55 Subhodeep : 7th monetary policy
12:55 Subhodeep : seems all waiting in the sidelines latent
12:55 MJ : Subho titan/ril.
12:56 Subhodeep : +1 mj
12:56 Subhodeep : gg
12:56 Subhodeep : sun mj
12:56 Subhodeep : 🙂
13:03 Boppanna : Push that 26800pe above 150
13:03 Subhodeep : h single prints on nf
13:04 Boppanna : ok 1.4lhk green
13:04 Uttam : 1.4L in NF
13:04 Uttam : 10835 is here
13:04 Uttam : hypo1 completed
13:04 MJ : 830 is here (12:50) MJ : 827 cometh.
13:05 MJ : 3 greens in 10900 ce.
13:05 MJ : + 1.5L buyer
13:05 Subhodeep : 1.4l green
13:05 Subhodeep : but is that a sl or a buyer?
13:05 Subhodeep : buyer it seems an d lows secure shai ?
13:07 Uttam : b) BNF has immediate support at 27090-60 below which it can move lower to 27000 & 26950…BNF high in the bounce today exact 27090
13:08 MJ : Looks like secured.
13:08 Subhodeep : hmmmmmm
13:08 Uttam : a) NF has immediate support at HVN of 10890, below which it can probe lower to 10875-861 zone and below that to the FA of 10835…NF could not get above 10890 so that Fa got tested
13:08 Subhodeep : not secure mj
13:08 Uttam : d) Below 10835, the auction gets weaker for a probe to 10820 & 10802
13:08 Subhodeep : been fooled once
13:09 Subhodeep : @8908 888 levels the previous series
13:09 Subhodeep : anyways not trailing so no more risk at leasrt
13:09 MJ : lets watch price.
13:09 MJ : These are ID views Subhodeep.
13:10 RK : Short NF 10845 SL 10865 obj 10815
13:10 Uttam : BNF had left n ext handle at 27021 but as RK said only locals here today so ext handle gone
13:10 Subhodeep : yeo me talking id as well
13:11 Subhodeep : rk are the lows secure how do you read /interpret it ?
13:12 RK : Subho event day low..so taking chances hre for one more extn
13:13 Subhodeep : ok rk
13:14 RK : stopped (13:10) RK : Short NF 10845 SL 10865 obj 10815
13:14 Subhodeep : seems everything is taken back to the mean today from eithr sides
13:14 Uttam : trifecta in NF at vwap
13:14 MJ : Pink bands in 10900 pe too. This context is OF wise. (13:05) MJ : 3 greens in 10900 ce.(13:05) MJ : + 1.5L buyer \
13:14 Uttam : 40k greens
13:15 Uttam : similar to previous vwap spike which happened in NF today
13:15 MJ : Yes RK,
13:15 MJ : Uttam*
13:15 Uttam : 26950 imp now in BNF
13:15 Uttam : pull back low of today
13:15 MJ : Lows dot around 31/1/19 VAH.
13:16 Boppanna : Failed there 13:03 Boppanna : Push that 26800pe above 150
13:17 MJ : Nice read Bopp.
13:17 Uttam : BNF another move to 26960 coming?
13:18 MJ : reds of 20k camouflaged at vwap nf.
13:20 Shubro : something wrong with BNF 5 min? legends showing up in codes in 5 min
13:24 Uttam : BNF also tagged 1.5 ib up which was 27089
13:25 MJ : RK 3-1-3 NF?
13:25 Arjun : The charts are getting stuck for me
13:25 Arjun : is it the same for others as well ?
13:25 RK : no
13:26 Uttam : no Arjun, charts are fine
13:26 Uttam : login and check once
13:26 Uttam : ot may be cause of interent bandwidth
13:26 Arjun : also could somone point me to the direction of the option charts.
13:26 Arjun : morning link isnt working now.
13:26 Arjun : Thank you will check
13:27 MJ : RK 3 tpos above and below the balance of bell. Am I missing something from 313 context?
13:27 RK : auction yet to complete so will wait to call that
13:27 RK : one more low imo pending
13:28 MJ : Okay got it.
13:28 MJ : Thanks RK.
13:28 Uttam : Value lower & looks like downside not yet done RK?
13:28 Shubro : Rk what is the 313 setup?
13:28 RK : yes Uttam
13:29 RK : Shubro tails at both ends with nice balance inside
13:29 Uttam : upside ledge smoothened in NF now time for the lower one?
13:30 Shubro : right RK
13:30 Shubro : thanks
13:31 MJ : A 3-1-3 profile has excess at 2 ends and a thick value area in the middle. It resembles the best example of a market trying to balance or remain range bound. The excess formed at the extremes makes it very difficult for the market to move out for a while and moves to the extremes are often sent back to the centre and then the other extreme. However when one extreme breaks it sets up a fast and furious move in the direction of the break.
13:32 Shubro : awesome MJ many thanks
13:39 Subhodeep : lets hope the potf comes on the supply en d
13:40 Subhodeep : would make my day if i see single j k’s 🙂
13:42 MJ : 842 to smoothen this lower side.
13:42 Subhodeep : mj aint it smooth enuf?
13:43 MJ : Zen has ordered (13:29) Uttam : upside ledge smoothened in NF now time for the lower one?
13:43 Subhodeep : aye aye
13:44 Subhodeep : j in some more secs
13:44 Uttam : (13:17) Uttam : BNF another move to 26960 coming?
13:45 Uttam : 26960.3 low
13:45 MJ : Lovely Uttam 🙂
13:45 MJ : .3 ka idhar udhar is amazing precision 🙂
13:46 Boppanna : +1 Uttam
13:46 Subhodeep : awesome uttam
13:46 Uttam : thanks guys 🙂 if 26950 held then BNF back up else more downside comign
13:47 Subhodeep : let nifty catch up with bnf uttam 🙂
13:47 Uttam : nice bell in both
13:51 RK : Long NF above 10855 for 10880/10895 SL 10835
14:00 Uttam : (13:46) Uttam : thanks guys 🙂 if 26950 held then BNF back up else more downside comign…120 up from there
14:01 Uttam : NF needs to sustain above 10875
14:01 RK : part booked 10880.move SL to 10855 (13:51) RK : Long NF above 10855 for 10880/10895 SL 10835
14:01 Boppanna : +1RK
14:02 Uttam : super RK 🙂
14:03 Uttam : greens in NF
14:03 Uttam : volumes coming RK?
14:03 RK : no
14:03 TP : BN 2IB done.
14:03 Dhaval : +1 rk
14:04 MJ : Whattey whattey!
14:04 MJ : 🙂
14:04 MJ : Rk now we took one tail 🙂
14:04 MJ : Nice call.
14:05 RK : move SL to 10865 (14:01) RK : part booked 10880.move SL to 10855 (13:51) RK : Long NF above 10855 for 10880/10895 SL 10835
14:06 Uttam : (13:15) Uttam : 26950 imp now in BNF(13:15) Uttam : pull back low of today
14:07 Uttam : BNF off to test that ext handle looks like?
14:07 Uttam : 27200 immd res
14:07 RK : booked full at 10895 (14:05) RK : move SL to 10865 (14:01) RK : part booked 10880.move SL to 10855 (13:51) RK : Long NF above 10855 for 10880/10895 SL 10835
14:08 MJ : Rough stay above 170 can get that extn handle easily.
14:08 Manjunath : + 1 RK
14:09 Uttam : super call RK 🙂 and finally NF tags 10895
14:09 Uttam : more coming
14:09 MJ : Get it boys.
14:10 TP : 74 red , part booking by 1.5l green ?
14:10 Uttam : (14:07) Uttam : BNF off to test that ext handle looks like?(14:07) Uttam : 27200 immd res
14:10 Uttam : above 27200 now
14:10 MJ : 44k in 10900 ce and 1.5L coordinated move. BNF didn’t do lows. Bopp’s 150 didn’t cross. This room hunts in a pack.
14:10 Uttam : 27275 & 27325 can come today in BNF
14:11 Uttam : NF needs to get above 10918 & sustain
14:11 Shai : Hold the BNF trade with a SL above 27330F
14:11 MJ : And more conviction with RK’s call and uttam’s bell smoothening. Thanks
14:12 MJ : Shai 78k is cover of 1.5L greens at 830ish?
14:12 Uttam : FA at lows in NF
14:12 RK : NF neutral environment..stay safe
14:12 Uttam : right where we had the FA on Friday
14:12 RK : my bias for vwap close
14:12 Uttam : +1 RK we are still in bracket so breakouts will not be real?
14:13 Uttam : but some good volumes here in NF
14:13 Uttam : 8L on 15min
14:13 Boppanna : 895 pivot NF?
14:13 Uttam : 3.7L in BNF
14:13 Uttam : 15minvol
14:14 RK : event day > lower value today > smone wants to get good price > pushed above and got it..now tmw RE down means trend could be down for few days
14:14 RK : context invalid if this goes above 10930 today
14:15 Uttam : but if we close higher then scene changes RK?
14:15 Uttam : +1
14:15 RK : we need to close above IBH else this upmove is trap
14:15 RK : for the coming days
14:15 Arjun : sorry to disturb but can i know how to see option charts
14:15 Arjun : that youl are seeing
14:15 Uttam : GoTomeeting link Arjun
14:16 Uttam : 09:03 Vtrender L: (09:01) Vtrender Live: 30 min charts – https://join.me/435-234-325(09:02) Vtrender Live: option charts – https://global.gotomeeting.com/join/984372677
14:16 MJ : Arjun check A tab.
14:16 Uttam : 27090 new ext handle in BNF
14:16 Uttam : lets see if that holds today
14:17 Uttam : BNF back above the trend day vwap of 27156
14:17 Miyajan : this upmove gives opportunity to short who could not get in on event day
14:18 RK : if you are talking about expiry day trend day then imo thats immaterial now as budgt auctions preceded over it
14:19 RK : MIyajan lets the close confirm it..if we close below 10880 today then 11000 we may not see again for next few weeks
14:19 Arjun : Thank you MJ i got it.
14:20 MJ : A tab everyday or early morning in intraday slack Channel you’d find it.
14:20 Miyajan : i meant good RR for shorts
14:20 RK : agree
14:21 Arjun : thank you will follow.
14:21 MJ : +1 Miyajan.
14:23 RK : 10905-10885 part done rest for 10870
14:23 RK : just give me small push 🙂
14:23 MJ : In one really good feature of mplite ~~~ (in pink) was 3sd of Price. And OF imbalance was evident too. Nice little feature that is.
14:24 MJ : Thanks Suyog for getting it included in this update.
14:26 TP : Looks like bot wants to reneter with you RK 😉
14:26 RK : Tej 905 trailing..shouldnt go there if it wants to get 10860 before close..lets see
14:26 TP : +1
14:26 RK : below 10885 fresh can be taken for 10865/855 with 905 invalidation
14:27 RK : *fresh shorts
14:27 RK : not a call..just a view if anyone wants to try
14:28 RK : alright Tej all yours now
14:28 RK : planning 3IB BNF?
14:29 TP : bn alraedy holding longs with tsl , bn 3ib means nf 930 .
14:29 MJ : above yvwap is fun.
14:29 RK : yes Tej
14:29 RK : sustaining 905 is not good for shorts in NF..930 probe possible
14:30 Uttam : NF above 10918 can give good move up Tej
14:30 MJ : 3 pinkies in 10900 ce. Get it out.
14:30 RK : Uttam spike from kind of b..not expecting run up much beyond 930 kind
14:30 RK : if goes up
14:30 TP : i have placed 11k pe buy order at 175 in positional short , if bot spikes it up.
14:31 Uttam : NF 1atr from todays FA at 10950
14:32 Uttam : plus 2ib at 10945 so expectin that RK if NF sustains above 10918
14:35 Miyajan : RK do you consider 985 as a weak ref lvl? Nf has retraced from within +/- 2pts in last 3 months
14:35 RK : we did 11K right?
14:35 Miyajan : spot
14:35 RK : spot I dont track Miyajan
14:35 Boppanna : any stock driving BNF?
14:35 Miyajan : ok
14:36 RK : Kotak and HDFC bank
14:36 RK : rest all banks in red
14:37 MJ : Yes bopp kotak and hdfc fueling it/
14:37 RK : Tej he quits..60K+90K
14:37 TP : at 930 😉
14:37 Boppanna : amazing player
14:37 RK : 60 earlier and 90 now 🙂
14:37 MJ : +92k (14:12) MJ : Shai 78k is cover of 1.5L greens at 830ish?
14:37 MJ : Yeah whddaah plaayaah!
14:37 MJ : Now retailers will chase price.
14:38 Boppanna : Meanwhile uttam almost did his 275 above 195
14:38 MJ : Janak will call this guy 100 pointer.
14:38 Uttam : (14:07) Uttam : BNF off to test that ext handle looks like?(14:07) Uttam : 27200 immd res(14:10) Uttam : 27275 & 27325 can come today in BNF
14:38 MJ : from lows to day’s high.
14:39 Shai : big guy booked
14:39 RK : choas now
14:39 RK : staying above bands
14:39 MJ : Even after his exit COT has managed to be green for 30 min bar.
14:39 MJ : now comes the fun part.
14:39 MJ : Jayesh babu. Majja is coming?
14:40 Jayesh : Yes…from day low…perfect
14:41 MJ : In my OF observation of 9 months. Any dual combo is lethal. NF+BNF. NF + option buy.
14:41 TP : bn does 3ib
14:41 Uttam : 27325 coming
14:41 RK : Tej +1
14:41 RK : for that 3IB
14:41 RK : reverse spike and 3IB..
14:42 Uttam : (14:00) Uttam : (13:46) Uttam : thanks guys 🙂 if 26950 held then BNF back up else more downside comign…120 up from there
14:42 MJ : 3ib and 938 well done. TP.
14:42 TP : tks now lets get 175 on that 11k pe.
14:42 MJ : Somewhere in NF 2ib you should get your fill.
14:43 Uttam : (14:10) Uttam : 27275 & 27325 can come today in BNF
14:43 TP : motabhai pulling up
14:43 RK : Uttam seems adament to print 2IB i NF 🙂
14:43 MJ : Yes tp.
14:43 MJ : Check the profile of motabhai since 31/1
14:43 Uttam : (14:31) Uttam : NF 1atr from todays FA at 10950(14:32) Uttam : plus 2ib at 10945 so expectin that RK if NF sustains above 10918
14:43 RK : where is 2 ATR Uttam downside?
14:43 RK : 10600 kind?
14:44 RK : my file seems got corrupted
14:44 RK : have to check EOD
14:44 Uttam : 10587 RK 🙂
14:44 RK : perfect
14:44 Uttam : I knew it you would say this
14:44 MJ : 2ib done uttam
14:44 Uttam : to the dot
14:44 MJ : 945.
14:44 RK : still volumes are quite low
14:44 MJ : yeah
14:45 MJ : Easy one. (14:29) MJ : above yvwap is fun.
14:45 Uttam : 10918 had to be taken out in NF
14:45 Uttam : ext handle there now
14:45 MJ : Yes Uttam 🙂
14:47 Uttam : NF high between 10945 & 10950 😉 negotiated it looks
14:47 MJ : Uttam from FA the timefram of 1 atr move in nf can take anthing from t+0 to t+5 days?
14:48 Imran null : hi I have logged on from app. but unable to. see. chat
14:50 Uttam : Imran, from App you will only be able to view chat from the time you log in
14:50 Imran null : any updates can be seen or not?
14:52 MJ : RIL wants nf to close at DHI
14:52 MJ : 10949.9
14:53 MJ : Uttam. 🙂
14:54 Imran null : anything after this
14:54 Imran null : nifty close at 895
14:54 MJ : Imran Try logging in from desktop.
14:54 Imran null : band posters short holding
14:55 Shai : can also track the positions through the Slack app
14:56 Imran null : can’t see there too
14:56 Imran null : sorry to interrupt u all within trading hours
14:56 Shai : logoff slack and come back in and the channels should be visible
14:57 Shai : 27192 F test pending
14:57 Shai : though a close at highs will be a better fresh short to carry for tom
14:59 Shai : We are carrying the BNF shorts into tomorrow . Don’t give up the position today
15:02 RK : (14:39) RK : choas now
15:02 RK : bands came up to price (14:39) RK : staying above bands
15:03 RK : but high probability for spike failure tmw
15:05 Subhodeep : back at that same old place of 10955from where we came down ..
15:06 Subhodeep : @rk neutextremem structure wise??
15:07 RK : ys NE
15:08 RK : leaving early today..will catchup tmw
15:09 TP : Bye RK
15:11 Uttam : cya RK
15:12 MJ : RK bringing the spike early? 🙂
15:12 MJ : Spike Rej*
15:12 Uttam : b) NF has immediate resistance at 10918 above which it can tag 10930 and 10955
15:12 Uttam : NF high above 10918 today 10954
15:14 Uttam : ext handle in NF being defended
15:23 MJ : Low dot yvwap in L period (14:29) MJ : above yvwap is fun.
15:24 Uttam : ext handle of 10918 it is Mihir which needs to hold now
15:25 Uttam : vwap of Friday got no relevance
15:25 MJ : Yes Uttam.
15:25 MJ : Vwap of friday on positional can be a marker as it was an event day vwap?
15:26 Uttam : event day pull backs are imp references but not sure abt vwap
15:26 MJ : well, doesn’t matter as it is in the zone of 918+-
15:27 Uttam : you can chekc that with RK once though
15:27 MJ : Okay not the MP way. But i keep it as a marker in my conventional price action analyisis.
15:27 MJ : Pullbacks Imp references for sure.
15:27 MJ : Thanks Uttam 🙂
15:27 Subhodeep : after all this please dont let nf close at 10914:)
15:28 MJ : 2ib close.
15:28 Uttam : we have a Neutral Extreme in NF
15:28 Uttam : and neutral ext ref at 10918-10954
15:28 Uttam : zone to watch for tom open
15:29 MJ : Roundfigure close .
15:29 Subhodeep : nice
15:29 MJ : Bye everyone. have a nice evening.
15:29 TP : Bye All.
15:29 Subhodeep : thanks a ton every body have a lovely evening
15:29 Uttam : thanks All 🙂 have a lovely evening
15:30 Shai : Bye all
15:30 Shai : Have a nice evening


10:09 TP : Shai id views on RBLBANK.
10:23 Subhodeep : shai pos and id view on hpcl plz
10:44 Manjunath : Shavi…your views on Maruti please for positional.
10:55 MJ : Shai Swing views for Titan please? More legs would be above? and fair TSL should be? Thanks.
10:58 Manjunath : Sorry about the typo Shai 🙂
11:33 Shai : RBL looking good swing wise and all dips have been bought from oct and are meeting buys
11:33 Shai : intra 590 doable
11:33 Shai : 583 tsl
11:34 TP : Tks chief .
11:35 Shai : 232 res for day hpcl
11:35 Shai : can swing back to 240 in 2 days if we cross 232 today but is headed lower for now
11:35 Shai : 223 a supp
11:36 Shai : matuto scene of crime at 7040- 7110
11:37 Shai : swing long is good above 7110
11:37 Shai : but friday also saw selliers atr 7100. so careful
11:37 Shai : 6634 near term supp
11:38 Manjunath : Are you talking about Maruti Shai? If it doesn’t break 7100, chance of visiting 6634 region ?
11:39 Manjunath : Sold few PE’s at 7300 on Friday
11:39 Shai : 1112 near term swing res at Titan
11:39 Shai : stay watchful for the move to be sold into at 1100
11:40 Shai : yes 7100 major seller in Maruti
11:40 Shai : can force shorts out if price crossed
11:41 Manjunath : Thanks Shai.
11:42 Subhodeep : tyvm
11:50 Rushabh : shai your vie on L&TFH
12:48 Shai : 121 test due
12:48 Shai : added to Zeel shorts on this nice pick up from open
12:49 Shai : this baba is due to taste some neat little downsides
12:49 MJ : Thanks Shai. Watching Zee.
13:24 Subhodeep : shai zee positional obj for the month ?
14:31 Shai : 320- 334 zone is short term supp
14:31 Shai : but parabola if that breaks
14:31 Subhodeep : noted shai
14:31 Shai : in which case it woul dbe 212 in 2 months
15:17 Shai : someone offloaded big size in Zee again just now
15:18 Shai : this is going to get very interesting 🙂
15:18 MJ : Shai ces in close? Zee?
15:18 Shai : no no. This is a bigger term play
15:18 Shai : not 1- 2 days
15:19 Rajiv : hi! any view on exide please
15:19 Shai : I have a one month view
15:20 MJ : Sure waiting along.
15:21 Shai : 230- 220 zone exide to watch

Order Flow charts dated 4th Feb

Many traders are looking for information on how to use market conditions to find good trades. Order Flow is best understood as a way to see existing bias in the markets. Order Flow helps us understand who is in control of the market and who is “upside down” and likely to make exits from that position in a loss.

Volume Profile and Order Flow are very good tools to assist you in trading. You can also use it along with your existing setup.

NF


BNF


Room Chat

07:50 Vtrender Live : 30 min charts – https://join.me/980-661-014
09:04 RK : GM All
09:04 Manjunath : GM all….:)
09:05 RK : Unofficial holiday for intraday traders..watch the fun
09:05 Manjunath : holiday because of budget RK?
09:05 Manjunath : volatility?
09:06 RK : yes..nothing will work today atleast till 1pm
09:06 Manjunath : ok
09:06 Subhodeep : gm ladies and gentlement
09:08 Azmath : GM All
09:08 Azmath : Team 30 Mins GoTo Meeting Link pls ?
09:09 Uttam : Good Morning All 🙂
09:10 Jitender : Gm Folks 🙂
09:10 TP : GM All.
09:11 Shubro : gm all
09:11 Miyajan : Good morning everyone,RK holiday for positions as well,will take new on monday
09:12 RK : cool
09:12 Uttam : @Azmath we have the 30min OF in the joinme link
09:12 Subhodeep : sbi titan on the radar today result day nifty compnaies
09:12 Uttam : no options today as they were not updating so Shai will look into that over the weekend
09:12 Azmath : ok.. Thank you Uttam
09:13 Uttam : 🙂
09:17 Subhodeep : charts not updatin g?
09:19 Jitender : Uttam…chck yr DM pls
09:29 Jitender : PM to address/ make an announceement at 11.45am
09:30 RK : apart from budget session speech this one?
09:30 Jitender : ys
09:30 Jitender : in LS
09:30 RK : ok
09:30 TP : Jit keep us posted with real time news updates !!
09:31 Jitender : Tej..will try my best
09:31 TP : tks bro.
09:31 Jitender : have 2 go fr sumtime in between
09:31 Jitender : u r wc
09:31 RK : btw this is interim budget or just vote on account?
09:31 Jitender : latter
09:32 Rajiv : Interim
09:32 RK : good
09:32 TP : vix is just cooling down , options pricing seems to say a dud budget .
09:33 Uttam : b) Above 10868, NF can probe higher to tag the vPOC of 10881 and 10900…this hypo done in NF
09:34 Subhodeep : vote on accoun tbut presenting it as f hey incumbent is goin gto come back
09:35 Subhodeep : presentation starts at 11am
09:56 Boppanna : test
09:56 Uttam : A grade Bops 🙂
09:57 Boppanna : thx Uttam no chats since 935 ?
09:57 Uttam : RK declared holiday 🙂
09:57 Uttam : boom
09:58 Uttam : a) BNF has closed at the HVN of 27330 so above 27360 can probe higher to tag 27416 & 27490
09:58 TP : Uttam even indexmover bot has gone into hibernation 😉
09:58 Uttam : yes Tej no alerts at all else open we get so many
09:59 Subhodeep : does the bot track event risk ?
09:59 Subhodeep : 🙂
10:00 RK : this is kind of known large risk event per year
10:02 Uttam : BNF had confirmed a FA at 26920 on 29/01 and tagged the 1 ATR level down that day itself. It got above this FA and completed the 1 ATR to the upside and closed above it today. The 2 ATR move up comes to 27408
10:02 Uttam : today high in BNF 27409
10:09 Santhanam : Guys…. as we r on holiday…. always wanted to know the names of the participants…… for RK, TP, MJ 🙂 🙂
10:11 Uttam : TejPreet
10:11 Uttam : MihirJ
10:12 Uttam : RK for me is prof RadhaKrishna but he got to give his full name
10:12 Santhanam : thanks uttam 🙂
10:26 Subhodeep : prof rk open wold be oaor?
10:27 Subhodeep : seems to be goin gto highgs and probe 947 before 11 before teh man friday starts speaking
10:29 RK : Radhakrishnan 🙂
10:29 Uttam : 🙂
10:30 RK : But I hardly remember when smone called me with that name..its always been RK for many years now from office to relatives 🙂
10:30 RK : yes OAOR
10:31 MJ : Good Morning everyone.
10:31 MJ : Santhanam I am Mihir Joshi.
10:31 MJ : Someone get RM to the room?
10:31 Subhodeep : mornin mj
10:31 MJ : Been a while that I’ve seen him around.
10:33 Uttam : his presence was felt yesterday Mihir
10:33 Uttam : me & Tej spoke abt him too in the morning
10:33 MJ : I mean in the room.
10:33 Uttam : and he obliged with a 4 & 6 IB day
10:33 MJ : Marker wise he delivered 😉
10:34 MJ : What a fun gentleman to interact with.
10:34 MJ : For guys who use mplite.
10:34 Boppanna : nobody playing the 3IB today?
10:34 MJ : ~~~~ in pink are 3sd bands.
10:34 MJ : Quite effective ones.
10:35 MJ : it is 3SD of 1 min closing price.
10:35 RK : 25 done in NF Bop 🙂 (10:34) Boppanna : nobody playing the 3IB today?
10:35 Boppanna : Nice RK
10:35 MJ : Bopp I am hoping 🙂
10:35 MJ : 3 to 5 ib.
10:36 MJ : Order waiting at 692 for any random freak lows to buy 🙂
10:38 RK : ok we have another 1 hr to kill..Shoot me any questions if you have got any grey area to be addressed will try to answer..and also we just completed a month from my calls..so give me your feedback on that it could be anything
10:38 MJ : #AMAwithRK
10:39 MJ : RK basic question. Many new people and others around will have it. How do you approach the profile chart on ID basis? If you can guide us through some checklist?
10:40 Miyajan : i doubt anyone can do better than you RK
10:41 RK : Miyajan feedback in the sense if smthing not comfortable or not clear smthing like that..will try to help to accomadate 🙂
10:42 RK : MJ basic stuff is Value..when you have trending values being a beginner try to avoid contra trades..and when you have trending/higher value for eg always look for whip tpos to join the trend..
10:43 MJ : Can we pick one chart for reference? Eg: Yesterday?
10:43 RK : 90% of the time it gives you good chance to enter later in the day
10:43 RK : yday was classical trend day barring first two tpos..nothing much to decipher from that
10:43 Francis : @RK my query i opposite of MJ what hints give you for positional or swing looking at MP Charts
10:44 MJ : Or any other profile where the value eg. fits better?
10:47 RK : Francis to be frank I dont take much of posional view from profile charts now a days and use them mostly for intra..but few hints are to look whether trending or composite..trending means as I said above try to join the trend on pullbacks to gap/tails and trail them towards destination from prev profiles like nPOC/gaps/poor highs/minus development ets..composite means look for P/b/ developing bell then set the range and look for fading opportunities
10:48 RK : another good setup is looking for FA and aTR obj which Uttam keep updating
10:48 RK : for swing that is
10:50 Francis : thanks RK
10:50 RK : MJ what I try to see from profile is first a)value b)type of day c) possibilities of whip to join trend d) reversal i.e, discontiuation of expected pattern like expectation was b but you are getting IBL extn and DD down e) range extn holding probabilities f) chances for elongation or bell – these are sm basic stuff to define trades
10:52 Francis : Thanks RK, one question that i had was on the mid -day trades that you give…
10:52 RK : MJ one small example is when you are having bell or b but you get a sign that it can be DD means try to take entry on break of established range and wait for min 20-30 quick move from balance so that you get your extn handle and DD..sm times profile would be yelling on this..and once DD confirmed with 20-30 extn from balance now look for another 20-30 rotation post extn..and your invalidation from profile is acceptance back in extn singles
10:54 Francis : The trade on wed 1.52 short at 10654 any insights on that coz it was out of my scope to understand
10:54 MJ : Wonderful RK, Thank You.
10:55 RK : Francis wait let me pull my journal
10:56 Himanshu : rk please throw some more light on composite p or b
10:57 Himanshu : yestrerday uttam also mentioned the move from composite b
11:01 Jitender : abt 2 start
11:01 Gautam null : bnf 27294 tgt
11:01 Jitender : strtd
11:02 RK : Francis exactly what I explained above to MJ is the context behind that trade.. till IB we had nice balance..then pullback to VWAP got rejected and we got very quick imbalance to 10620..and if you see day before profile we had Ledge around 10606 and some anomaly at profile lower disbn to be repaired..so after making 10620 low and it bounced my expectation was to hold extn singles which was at 10670 and fill that lower part of prev day..so that we can get DD done fully..and day before was neutral day too where VWAP was imp ref..so on test of that VWAP decided tot ake short to get VAL again at 10630 so that we get DD also have neat lower disbn..it didnt move beyond 10638 so we had to quit at cost
11:03 RK : Just keep this in mind..after such quick imbalance happened like on that day dont expect V shape reversal esp after neutral day..so worth a try to join the imbalance of that day on pullback to rest low of imbalance
11:05 MJ : RK slack please.
11:05 RK : Himanshu its simple..more the time you exhaust at highs around same zone and come down quick it turns out composite P and vice versa for b..so just larger P means PULL down large b means BUMP up..
11:08 RK : Jit expecting >700 range in BNF?
11:08 Boppanna : RK For trade invalidation do you wait for stops to trigger or change based on OF?
11:10 RK : Bop for me stops are just for safety at the time of entry of the trade..after that it wont be necessary to stick to same stop..when I see context is not happening as expected or auction says other info I would either move close the stops or better quit
11:10 Himanshu : rk i mean where to look for trade?..in composite p or b
11:10 RK : most of the times you know well auction is still in favor of your context.only that time I would stay with original stop and allow the trade to take its own time..
11:11 Jitender : Rk 2atr for range
11:11 Francis : thanks RK
11:14 RK : Himanshu best entries around exhaustions zones i.e, P highs and b lows..this is context..look for trade location based on OF or any other your own subjective things which you are tracking
11:15 RK : for examples P composite high was around 11K..so look for 10960-11000 zone to short esp amid noise time with any factors favouring entry..and look for P VAL/closer to tail at lows as obj
11:15 RK : fine Jit
11:16 Himanshu : rk u take composite of 3 day?
11:16 RK : very imp thing with composite is you need to spot them well and early to get most out of it..later to the party means you miss the chance
11:16 Subhodeep : ji whats the interm fm speaking abt ? gyrations getting bigger it seems
11:16 RK : we cannot specify the days as its based on auction..but min 3 days is good yes..I have seen 7-8 days composite too
11:18 Himanshu : any specific things to spot ?(11:16) RK : very imp thing with composite is you need to spot them well and early to get most out of it..later to the party means you miss the chance
11:19 RK : spot in the sense having conviction that its making high again around same high zone of earlier and looking for P formation
11:20 Subhodeep : bops we have done 753 i guess on infy now obj2
11:20 RK : see for eg you have 11003 swing high through imabalnce..now next day you get inside day with nice bell below but having spike to hit around 10990..next day again making lower value or inside value means you can spot that spike failure around swing high so you are going to get composite here
11:21 Jitender : Shubo..tey will get bigger…its just prelimns now
11:21 Jitender : gen spkn..data etc
11:21 Subhodeep : noted jit
11:21 RK : there are many ways of auction and many ways to spot it..better way is to observe everything
11:21 TP : Jit vix DL down 5.25 %
11:22 Subhodeep : i think he would be seakjng for 30 to 45 min s post which the pm is supposed to speak
11:22 Himanshu : superb rk thanks a lot
11:22 Francis : Todays chart is important +1 RK
11:22 TP : RK awesome information +1
11:22 Francis : *chat
11:23 Azmath : Thank you RK _/\_
11:23 RK : see I have shared this earlier in Twitter many times..easy way to spot that you are going to have composite means you will have following – quick gap fills either on same day or next day / spikes wont get follow through / morning tails will be filled back / double disbn and triple disbn profiles / 3 IB days and pullbacks
11:24 RK : so when you see such characteristics of price auction you can go slow with your posnl account or reduce size
11:24 Subhodeep : rk perspective on a 313 pleae
11:24 RK : and from your experience take additional factors to confirm this like low Vix or OI scattered or smthing else
11:25 Jitender : 6k income supp to farmers
11:26 Jitender : btw..done 0.84 of Dt meanwile https://vtrender.slack.com/archives/C0F2VRTPW/p1549000554006900
11:26 RK : Subho 3-1-3 is nothing but two side fight for control and failed to take control..so peace by close..immeditate reaction next day should be a) fill prev value or b) make a fast move away from balance..
11:26 RK : so one has to look for signs first 15-30 mins where are odds to get A or B
11:27 Subhodeep : noted rk
11:28 Azmath : Superb Jit
11:28 Jitender : +1
11:29 Jitender : never miss range bound mkt time..never
11:29 Subhodeep : wow jit
11:29 Jitender : cheers
11:33 MJ : Azmath your favvv day 😉
11:33 MJ : And mine too.
11:33 MJ : So many round trips.
11:33 MJ : Cheers J.
11:33 Azmath : Ping Pong
11:34 Azmath : 😉
11:35 MJ : Pingaponga.
11:36 MJ : 915 ke uupar baut majja.
11:41 MJ : RK you’ve been often found to say Ledge is an edge. From an ID perspective you wait to fade at ledge? Or wait for it to be broken?
11:42 RK : Ledge means kind of iceberg orders..so the moment you see sign of ledge start fading it..good RR
11:42 RK : allows small filter for errors there
11:43 MJ : Ledge in any specific profile shape is to be observed?
11:45 RK : except bell profile can look for ledge in another profile
11:45 RK : works better if Ledge around singles
11:46 MJ : RK do you trade the 5day poc setup? If yes, can share broader nuances?
11:47 MJ : @Rk thanks.
11:47 MJ : Now that you’ve asked for questions, I am going all out 🙂
11:48 RK : wanted to share this often but forgot..there is one folder icon around right bottom corner of chat room..there are many links there which could help newbies to room..esp the trade size sheet made by RM..use that extensively to manage posns and let me assure you you wont regret in any type of mkt
11:48 Uttam : +1 RK
11:49 RK : MJ 5day POC clearance with imbalance nature seems making wonders..just few random observation there..need to test though..but with some context its worth a ref to track
11:49 MJ : Yes RK, Me and Suyog have been tracking it at times. Even bigger composite POC if captured gives amazing results. Need some back test too.
11:51 RK : 1% move if you have valid auction confirming imbalance to go with 5dPOC..even yday is classic example..bouncing from b lows and rej at 2 day VAH yday IBL and clearing 5dPOC at 10750 gave nice 1% move and you knew that it was trend day move when we were clearing that ref so worth to trade that
11:56 RK : still nice bell NF
11:56 MJ : Thanks RK.
11:56 MJ : What is your your fav song while trading?
11:58 MJ : How you get back to center when you’ve had 3 – 4 winning trades?
11:58 RK : not only while trading..but whenever I want to get back to senses this is my leveller https://www.youtube.com/watch?v=YIyY6DWadxo
11:58 Miyajan : by the way RK thanks for introducing me to Illayaraja)
11:59 MJ : You answer 2 questions in one shot.
11:59 MJ : Thanks.
12:00 RK : He is the legend and soul keeper for almost every south Indian 🙂
12:00 Uttam : yes RK true that, hes a legend
12:00 Vinay : Its one of my favorites too RK…apart from Agni Nakshitram. Thalapathi.Mouna Ragam,,Nayagan etc
12:01 RK : dont pull Ilaiyaraha here and I would go on talking days and days without food,charts,water etc 🙂
12:01 Uttam : though I have heard his work only in the hindi movies which get dubbed from Tamil
12:02 Vinay : and of course Thiruvasagam is a classic.. https://en.wikipedia.org/wiki/Thiruvasakam_in_Symphony
12:03 Vinay : RK tomorrow and day after Ilayaraja @75 show live in Chennai
12:03 Miyajan : his music is soul stirring,truly amazing
12:03 MJ : 25 % tax rate below 250 cr.
12:03 MJ : turnover.
12:03 Jitender : last yr happened
12:03 Subhodeep : i think that was alreDy there
12:04 Subhodeep : yes
12:04 Subhodeep : jit
12:04 RK : MJ to be frank I believe I have crossed the stage of 3-4 continuous winning/losing trade affecting my decision on next trade.but still am very cautious to keep my emotional capital intact..thats foremost agenda for me always.(11:58) MJ : How you get back to center when you’ve had 3 – 4 winning trades?
12:04 MJ : Oh this is last year ka highlights.
12:04 RK : Yes Vinay its in Chennai this week
12:04 RK : always (12:03) Miyajan : his music is soul stirring,truly amazing
12:06 MJ : We need a separate conversation 🙂 (12:01) RK : dont pull Ilaiyaraha here and I would go on talking days and days without food,charts,water etc 🙂
12:08 MJ : @RK heard Thaikuddam Bridge cover of Illaiyaraja?
12:09 RK : yes..If you like these guys listen movie songs “96” good work from them
12:10 RK : not from entire team but from main man of the gang
12:10 MJ : I am a big music connoisseur.
12:10 MJ : Been fortunate to hear IR live.
12:11 RK : Anonymized scrutiny got its plus and minus
12:11 RK : I have been lucky to have good examiner to hear out my case and close it amicably
12:12 RK : #ITax
12:12 Rushabh : its a negative mostly
12:14 RK : 90% are genuine cases to prove nothing done wrong Rushabh so anonimity helps..but there is a pain of getting required docs and other stuff is there..agree
12:14 Himanshu : rk u declare trading income as business ?
12:15 RK : yes
12:16 Himanshu : good …u can reduce ur tax burden rk…by legal means..
12:16 Himanshu : i suppose u have a CA
12:16 RK : yes and he is a trading buddy too 🙂
12:17 RK : every Thu expiry he calls me for mkt direction 🙂
12:17 Himanshu : wow thats double benefit..no worries..
12:17 Uttam : lol RK
12:17 MJ : RK do you take peanut to pumpkin trades? 😉 expiry ones?
12:17 RK : yes he takes care of my entire books and filing
12:17 Uttam : so you have a set up there as well 😉
12:17 Himanshu : lol ..uttam
12:18 RK : MJ lotteries I mostly avoid..I trade expiry day also just like other day..just more opportunities thats it
12:18 RK : Uttam he is a big fan of spike rule and 3IB rule..I taught him and he is tracking it closely 🙂
12:19 RK : via his candle charts
12:19 Uttam : oh cool, nice RK trade your set ups with him for each filing
12:19 RK : He was mostly with commodies scalps and I turned him into equities fully..he trades more stocks and BNF now
12:19 Uttam : nice
12:20 Himanshu : sudden spike ? y?
12:20 MJ : RK rapid 5 please.1) One thumbrule for trade? 2) never have I ever? 3) Best setup for ID? 4) Things you just can’t trade without(screen area) 5 One line of advice for all the traders?
12:27 MJ : Previous references here. 911 914 (11:36) MJ : 915 ke uupar baut majja.
12:27 RK : 1)manage risk- no capital = no business 2) not clear..you are asking me? 3) inside range/value day and rej at extremes with OF confirmation 4) profile 5) dont try to chase every move and dont compare with others..everyone’s capital,lifestyle,and expectation from mkt is different so just watch yourself..
12:28 MJ : Okay leaving 2nd question. Was Asking you (never have I ever…. Eg: visited goa or Shorted options)
12:29 MJ : Wonderful RK. thank you for your wise words.
12:29 RK : BNF minus developmnt on 25th profile
12:29 RK : 27530 poc
12:30 MJ : RK i wanted more clarity on minus development. It can be a longer topic maybe after market hours.
12:30 RK : in simple words making balance in previous poor imbalance
12:31 MJ : Balanc
12:31 MJ : Like hidden gap?
12:31 Jitender : up2 5lac=no tax
12:31 MJ : Wooohooooo
12:31 RK : 3lacs to 5lacs good
12:33 Rushabh : rk levels to watch?
12:33 RK : tmw headlines = Mkt rise as expected more money to come to mkts due to revised tax slab 🙂
12:33 Rushabh : lol
12:34 RK : Rushabh its free zone 11025-10750-10600..can travel
12:34 RK : can travel anywhere in this zone
12:34 RK : sustaining 11025 means smthing massive
12:34 MJ : No big reds right RK in OF?
12:34 RK : can do 11180 then
12:34 MJ : Lets…..
12:35 MJ : 11011 half booking zone (11:36) MJ : 915 ke uupar baut majja.
12:36 RK : so 5lacs is slab and 1.5 lacs is tax exemption right?
12:36 RK : sm high vol bars here
12:38 Uttam : c) Above 27490, BNF can move higher to tag 27536-545 and 27590
12:38 Uttam : e) If BNF breaks & sustains above 27590, the auction can go higher to 27640-665 and 27716-740
12:38 MJ : RK better tsl for the 915 long would
12:38 Uttam : 27716 is a FA
12:38 MJ : Profile wise?
12:38 Uttam : thats the ext handle now Mihir
12:38 Uttam : so keep that only as SL
12:38 MJ : Okay done.
12:38 Uttam : if hits that means ext handle gone
12:39 RK : 10935 MJ
12:39 MJ : Captured half. Lets see if we find higher ways to go. Else holding with tsl.
12:39 MJ : 1235 1240 bar needs to be overcomed.
12:39 Uttam : RK close above Jan highs today means we can trend up in Feb?
12:41 MJ : Thanks RK Uttam.
12:41 Miyajan : any news on LTCG or STT?
12:41 Prasanth : nothing yet
12:41 Uttam : looks like thats saved for the afternoon spike Miyajan 😉
12:42 Jitender : budget over
12:42 Jitender : abt 2
12:42 Uttam : oh done
12:43 Boppanna : BNF retracing
12:43 Himanshu : done
12:43 Himanshu : no ltcg no stt
12:44 Uttam : 27590 is important level Bops
12:44 Jitender : nope4
12:45 RK : Volumes yet to cone in..just 75lacs sofar
12:45 RK : possible Uttam (12:39) Uttam : RK close above Jan highs today means we can trend up in Feb?
12:45 Rushabh : rk no reds?
12:46 RK : not much
12:46 Himanshu : pls refresh charts
12:46 Rushabh : rk so any good entry?(12:45) RK : possible Uttam (12:39) Uttam : RK close above Jan highs today means we can trend up in Feb?(12:45) RK : possible Uttam (12:39) Uttam : RK close above Jan highs today means we can trend up in Feb?(12:45) RK : possible Uttam (12:39) Uttam : RK close above Jan highs today means we can trend up in Feb?(12:45) RK : possible Uttam (12:39) Uttam : RK close above Jan highs today means we can trend up in Feb?
12:48 Uttam : (12:38) Uttam : thats the ext handle now Mihir(12:38) Uttam : so keep that only as SL(12:38) Uttam : if hits that means ext handle gone low in NF so far 10925
12:48 Uttam : 10915 looks to be in danger though
12:49 Boppanna : Hmm somebody read that… 12:33 RK : tmw headlines = Mkt rise as expected more money to come to mkts due to revised tax slab 🙂
12:50 RK : Rushabh why hurry..better to wait..today is the day of OTF making inventory..even tmw
12:50 Uttam : 10922 new low in NF
12:50 Rushabh : got it, thanks rk
12:50 Uttam : dip done looks like
12:51 Uttam : IBH also there plus now vwap too
12:52 Boppanna : vwap and bounce BNF
12:54 Porus : Where’s Jit today?
12:55 Uttam : he was here Porus but was telling he may need to go in between
12:55 RK : BNF day low test might come
12:55 RK : dont trade it..just a view..lets see
12:56 Porus : Budgetis cost heavy. Wonder what will happen to mkt now
12:58 RK : what was last budget day?
12:58 RK : same FEb-1?
12:58 Uttam : same
12:58 Uttam : yep
12:58 RK : 280Lacs was vol that day
12:59 RK : today we have just done 90lacs..so still OTF maj vol waiting in sidelines
12:59 Subhodeep : yes
12:59 RK : 59lacs was BNF then now 19lacs
12:59 Uttam : NF new highs
13:00 Porus : where is the next resistance?
13:00 Uttam : 11k here
13:00 TP : bata high in both
13:01 Uttam : Bata trending today is it 😉
13:01 Porus : Seems a critical juncture now
13:01 Uttam : taken out
13:01 Uttam : 11050 coming
13:01 Uttam : vpoc
13:01 Porus : Close will be critical
13:02 RK : above 11025 its 11090 Porus
13:04 Porus : is this OTF?
13:04 MJ : This is not a flaunt post. 🙂 Just what I read from Auction + OF. 🙂 (12:35) MJ : 11011 half booking zone (11:36) MJ : 915 ke uupar baut majja.
13:05 Porus : anyone has access to research notes going out now?
13:07 Uttam : Mihir you did not trail that SL to 10935?
13:08 MJ : Stopped out 935. re entered above.
13:08 Uttam : so not from 915 to 11011 then
13:08 MJ : I am just sharing how you do.
13:09 RK : FM still talking?
13:09 Porus : no
13:09 RK : its over?
13:09 Porus : yes
13:09 Uttam : (13:04) MJ : This is not a flaunt post. 🙂 Just what I read from Auction + OF. 🙂 (12:35) MJ : 11011 half booking zone (11:36) MJ : 915 ke uupar baut majja.
13:09 RK : fine
13:09 Porus : reactions now
13:09 Uttam : you mentioned is not a flaunt post so was asking
13:10 RK : am wondering about volumes..lets see
13:10 Porus : FII reaction expected
13:10 Porus : also wondering if these are locals
13:10 Uttam : 102L already RK
13:10 RK : yes Uttam..still normal vol only
13:10 RK : for the day
13:10 MJ : Can we zoom in the 30 min?
13:11 Uttam : more than 2 hours to go though
13:11 RK : we easily do 150+ on trend days itself
13:11 Sandeep : 30 mins nf numbers missing ?
13:11 RK : yes 2 more hrs..lets see
13:11 Uttam : Friday also
13:11 MJ : VWAP >> Ibh.
13:11 MJ : Just like yesterday.
13:24 MJ : Uttam in days like these will you still hold 915 as extn handle for fut references?
13:25 MJ : Or price retraced completely so avoid?
13:36 Porus : event day, so need to be careful?
13:47 RK : BNF clean swipe VWAP
13:47 RK : didnt make new high with NF
13:48 RK : still only half the vol in BNF
13:48 RK : and if OTF is already in why VWAP swipe 🙂
13:49 RK : another 100 mins to go
13:49 Miyajan : just 2 pts short of your ref level RK,easy short
13:49 RK : yes
13:50 Uttam : greens in NF at vwap here
13:50 RK : had a very good temptation to short around 11010 then did my best to take out the itch and did fold hands today 🙂
13:50 Miyajan : wish i had not resolved to not trade today
13:51 RK : worst thing that can happen to a trader is spikes taking stops..dont want to have that today
13:55 Miyajan : true,was a test of self-control today
13:55 Uttam : BNF has a FA at lows today?
13:56 Uttam : vwap buyers of NF in trouble?
13:57 Uttam : BNF new lows RK +100
13:57 Boppanna : +1
13:57 Rushabh : sbin results
13:58 Boppanna : Not done looks like BNF
13:58 RK : When you have spike from b and getting budget which makes aam aadmi happy means what can you expect other than sell off 🙂
13:58 Miyajan : +1
13:59 Uttam : vwap buyers getting out?
14:00 RK : 27185 yday vwap
14:00 RK : going means expiry guys not supporting
14:01 Uttam : d) BNF has major support at 27150 and below it the next important support is at 27067-50
14:01 Miyajan : expiry led the foundation to today’s euphoria
14:02 TP : upstox gone , orders pending.
14:03 Boppanna : hmm the actual OF numbers would have been handy here
14:03 Uttam : many people getting trapped?
14:04 Subhodeep : seems a slow but sure grind down
14:05 Subhodeep : god help if 890does not hold
14:05 Subhodeep : uttam no s are missin gfrom the of charts
14:05 Uttam : mornign hvn at 10895 sp below that those buyers also getting out
14:05 Boppanna : Slow not really Subho …
14:05 Uttam : 10830 coming
14:05 RK : OTF in..vol spiking
14:06 Uttam : 4.8L COT red
14:06 Uttam : 30mins
14:06 Uttam : day COT -10L
14:06 Uttam : all those expiry longs geting out today looks like?
14:06 Uttam : taking sup at 10857
14:07 Uttam : Monday hgihs
14:08 Miyajan : RK you were looking for fun today and you are having it)
14:08 Subhodeep : uttam could you please see why theof nos are not reflecting?
14:08 Jitender : upstox jammed
14:08 Jitender : orders not going thru
14:09 RK : Miyajan fun level is different inside/outside ring..for a change outside today 🙂
14:09 Uttam : its because of the range Subho
14:09 Uttam : zooming in
14:09 Uttam : 30mins also zoom needed
14:09 RK : when you have WRB OF charts cant show nos..need frequent adjustment
14:09 Subhodeep : whats wrb?
14:10 RK : wide range bar
14:11 Uttam : probable FA in NF?
14:11 RK : when compared to prev budgets this year actually move seems smooth..straight up then straight down
14:12 Uttam : weak longs out so now pos longs geting in?
14:12 Rushabh : at lows uttam ?
14:12 Uttam : yes
14:13 Uttam : needs to get above 10918
14:13 ANAND BABU NATARAJAN : refresh charts
14:13 Uttam : BNF leaving a tail at lows?
14:14 Dr Prajwal : is the profile trying to form buying tail??
14:14 Uttam : 10918 & 27250 need to be scaled
14:15 Uttam : ext handle in BNF
14:26 Subhodeep : uttam lets see 830 na then we can look fo r11000 again
14:26 Subhodeep : 🙂
14:27 Subhodeep : bnifty ,might helo tshow 830 on the nifty
14:27 Subhodeep : help*
14:27 RK : PDL probe BNF
14:27 Uttam : 27050 sup
14:27 Uttam : else gone
14:28 Uttam : d) BNF has major support at 27150 and below it the next important support is at 27067-50
14:29 Subhodeep : 27050 probe on seems
14:29 Subhodeep : gone
14:29 Uttam : Neutral Extrme in both RK?
14:30 Uttam : green band in NF on 30mins
14:31 Jitender : BC upstox
14:31 Jitender : mkts in red
14:32 RK : on dot to PDL..kidding? 🙂
14:32 Jitender : told u guys yday watch fr ltcg thingie
14:32 Subhodeep : yes you did
14:32 Jitender : it didnt cum & look wat happened
14:32 Jitender : clean day
14:32 TP : hey jit your orders clear on upstox, what a mess .
14:32 Jitender : no Tej
14:32 Jitender : zerodha wrkn fine
14:33 Jitender : compensatn tere
14:33 Uttam : (14:05) Uttam : 10830 coming
14:33 TP : you mean orders still open on upstox ?
14:33 Jitender : no went off at diff price
14:33 TP : ok contra on upstox got it.
14:33 Uttam : RK BNf yesterdays low was a freak one which is why market tested that today?
14:34 Uttam : good vols in BNF here
14:34 Subhodeep : /why do these nos go away
14:34 Boppanna : +1 was a clean one 14:27 RK : PDL probe BNF
14:36 Uttam : @Subho cos we have a quick range expansion
14:36 Uttam : in a small time
14:36 RK : this is due (14:32) RK : on dot to PDL..kidding? 🙂
14:37 Miyajan : Uttam where did this week open?
14:37 Subhodeep : and how long does it take to get the nos back uttam ?
14:37 Uttam : it has to be zoomed manually
14:39 Rushabh : mad(14:36) RK : this is due (14:32) RK : on dot to PDL..kidding? 🙂
14:41 Jitender : shubho sasonline wrkn fine ?
14:41 Jitender : hez rite…tat has opened up (14:39) Rushabh : mad(14:36) RK : this is due (14:32) RK : on dot to PDL..kidding? 🙂
14:42 Jitender : Tej upstox blockn all orders now fr the day
14:42 TP : i have stopped eeven trying it , better to be safe .
14:42 Jitender : yh
14:43 TP : no orders open
14:43 TP : need to have another back up do give some ideas .
14:44 Subhodeep : can try sasonline
14:44 Jitender : sasonline..havent heard nythn bad abt it
14:44 Subhodeep : seems decent
14:44 Subhodeep : using it
14:44 Subhodeep : seems ok
14:44 Subhodeep : brkrg islow as well
14:44 TP : do they have unlimited plans.
14:44 Subhodeep : yes
14:44 Subhodeep : 1000 a month
14:44 Subhodeep : or 9rs a trade
14:45 RK : if you are happy with your broker then dont introduce it to others..when they become crowded they lose reliabilty 🙂 Zerodha and now Upstox..server and other issues due to load and xposure limits
14:45 Subhodeep : lol
14:45 Subhodeep : asked thats why replied
14:45 RK : just kidding
14:46 Jitender : Rk..wat abt he brillant person in the room 🙂
14:46 RK : no Uttam..poor form of trend on settlement day..so retrace fully on event (14:33) Uttam : RK BNf yesterdays low was a freak one which is why market tested that today?
14:46 Boppanna : RK down move done ?
14:46 Boppanna : BNF
14:47 Uttam : Fa coming in NF?
14:47 RK : Bop tough to call for intra..but this low will be probed if not today then sooner..
14:48 Boppanna : ok thx
14:48 Uttam : yes NF confirming FA at 10835
14:48 Uttam : BNF leaving tail for now at 27050-26950
14:49 Uttam : needs to get above 27250 tbhough
14:49 Rushabh : 1 atr at uttam?
14:49 Uttam : not sustaining Rushabh yet
14:50 RK : what is BN spot low yday?
14:50 Uttam : 26891
14:50 RK : fine
14:51 Miyajan : NF left anomalies yday RK
14:51 Uttam : BNF 27340 close if gets above 27250
14:51 Jitender : below 10830…wud be fun
14:52 Uttam : below 10830 NF confirms a FA at 10919 Jit
14:52 Jitender : +1
14:52 Uttam : in fact below 10861 itself
14:52 Jitender : long sl wud b tere
14:52 RK : straight 10750 (14:51) Jitender : below 10830…wud be fun
14:52 Jitender : k
14:53 RK : yes many (14:51) Miyajan : NF left anomalies yday RK
14:53 Miyajan : some below 750 too i guess
14:53 KK : one more attempt at 10918 and then back to 10860
14:53 RK : NF low is JAN PDH yday
14:53 RK : and BNF low is FEb PDL
14:53 RK : Sorry Jan poc
14:54 RK : JAN POC (14:53) RK : NF low is JAN PDH yday
14:55 RK : Upstox pending orders executing at CMP?
14:56 RK : if yes thats insane
14:58 TP : But the orders will have time stamp , can sue them 🙂
14:58 Miyajan : don’t worry,will be reversed
14:59 RK : timestamp will have execution time but what about placed time?
14:59 RK : reversed? thats possible?
14:59 Miyajan : they have done it before
14:59 Miyajan : how i dont know
14:59 TP : reversed i doubt .
15:01 Uttam : NF 10950 coming
15:01 RK : Jit dont get you! (14:46) Jitender : Rk..wat abt he brillant person in the room 🙂
15:03 Jitender : just j=kidding whether we shld share the brilliant person in the room ie u, with others 🙂
15:03 RK : oh got it 🙂
15:03 Jitender : was just kiddn
15:04 RK : I didnt get the context..
15:04 Jitender : u said abt not sharing brkr
15:04 RK : Hope Upstox issue managed at your end
15:04 RK : you and Tej many times have shared concern about them..better to switch quick?
15:04 RK : yeah yeah got it man..
15:05 Jitender : yh thinkn abt it
15:05 Jitender : zerodha a/c is joyous 2day’
15:05 RK : they are also having own desk like Zerodha?
15:05 Jitender : though wud have got 1 more dt in upstox
15:05 TP : RK i have my principal account in hdfcsec now , use upstox just for id trading.
15:05 TP : to save on brokerage.
15:05 Jitender : ys Rk..seems tey wud have started
15:05 RK : but your ID is large na Tej
15:06 TP : but capital is small 😉
15:06 Uttam : but Tej for you ID trading is important na
15:06 RK : Jit if they started own desk means then same issues like Zerodha would follow
15:06 Jitender : hmmm
15:06 RK : due to OI issues..blockage and all
15:06 TP : but i wouls definetly look for a new one.
15:06 Jitender : tey have done ahead of zerodha…n i guess r u using phising algo’s on price
15:06 Jitender : like HFTs
15:07 RK : ok
15:07 Jitender : tey r *
15:07 TP : yes jit i agree you try to place a big order they will move away the price .
15:08 RK : NF +0.5 BNF -0.5..whats the vredict from budget?
15:08 Jitender : jumla
15:08 Jitender : means rhetoric
15:08 Jitender : only issue is FII
15:08 Jitender : tey have loose purse strings now
15:09 Jitender : icici mite face a class action suit in USA
15:09 Jitender : tats y its dwn
15:10 RK : I will be happy if we fill Dec in Feb also
15:10 RK : NF
15:10 Jitender : itax 5lac limit not applicable on thoose earng more tan 5
15:10 TP : Shai did mention a big swing move below 365. icici.
15:11 Jitender : fisc maths doesnt add up
15:11 RK : tmw mkt will have clear move after reading fine prints
15:11 RK : imo clearly OTF not long in this auction
15:11 Himanshu : its not limit jit
15:11 RK : I mean majority of OTF
15:11 Himanshu : its a rebate of 12500 of tax
15:11 Gaurav : any case that 5 lac to 2.5 lac was 12500 benefit
15:12 Gaurav : yes, exactly
15:13 Gaurav : that small diff is still huge for those who earn near around 4-5 lacs
15:14 Jitender : bye guys..c u mon
15:19 RK : this is done today (12:34) RK : sustaining 11025 means smthing massive
15:19 Uttam : 180L & 41L vols
15:19 RK : this is dream now going forward (12:34) RK : Rushabh its free zone 11025-10750-10600..can travel
15:19 RK : NF NC and BNF closing below dVAL..inventory going short in BNF
15:19 Uttam : NEutral Extreme BNf RK?
15:20 Uttam : it will drag NF also along with it looks like?
15:20 RK : that tail in BNf not able to enter into dev value
15:20 RK : rej at dVAL
15:20 RK : seems so Uttam
15:21 RK : gap down below 10860 Monday is short in NF else test back to 10980 kind..
15:21 Uttam : hmmm yes RK 10860 if broken can short NF
15:22 RK : sm 40 point disbn at top in NF
15:22 RK : so maybe a test there
15:22 RK : that disbn came post +ve news
15:22 RK : so assuming sellers sitting ther in that 10980-11020 range
15:23 Uttam : day COT also -10L
15:24 TP : Uttam once Shai is back can you post the 30 min OF in this 40 point zone , missed 30 min today.
15:24 RK : BNf almost back to tail
15:25 Uttam : sure Tej
15:25 TP : tks
15:25 Uttam : we will also have the 5min one also
15:26 RK : vol not so great for the event
15:26 Uttam : yes RK todays Cot also may be that of the big buyers booking
15:26 Uttam : and stuck longs of today
15:26 Uttam : Monday may get good vols at open
15:28 Himanshu : shai is excellent response in TC
15:28 Himanshu : getting*
15:28 TP : We all know how much he loves MP !!
15:28 Himanshu : yeah
15:29 TP : Algo 10916
15:29 Uttam : thanks All 🙂 have a lovely weekend
15:29 TP : Bye All.
15:30 Subhodeep : byebyeb ad thanks have a wonder ful weekend


10:06 Boppanna : Anybody following infy ?
10:07 Uttam : will be following it from Monday Bops 🙂 all 10 stocks which are on index movers
10:10 Boppanna : ok 750-760 seems a levels for short with a good RR short if it fails here so wanted to check for levels
10:11 Uttam : let me see if I can pull up the profile charts
10:16 Uttam : seems like leaving a selling tail at top Infy
10:16 Uttam : can keep a SL of 761 for shorts
10:16 Uttam : till it stays below vwap looks can go to 744
10:17 Boppanna : ok thx Uttam
10:17 Boppanna : same view
10:20 Uttam : weak if closes below 744 for a trip to 725 may be
10:29 Subhodeep : bops id o rpositional wise ?
10:29 Subhodeep : infy?
10:30 Uttam : for now Id only Subho positional weak only closes below 744 and then 725
10:30 Boppanna : yes subho id
10:34 Subhodeep : lokks short obj cmp 755.5 in fut obj 753 and good fo r742 below 750 if 750 doesnot hold
10:34 Subhodeep : thats my view
10:34 Subhodeep : please dont pu tme to sword 🙂
10:45 Boppanna : ok Subho
12:17 Uttam : (10:16) Uttam : till it stays below vwap looks can go to 744…Done
12:18 Boppanna : +1
12:18 Uttam : book out shorts if in Bops & enter again only if closes below 744 on 30mins
12:20 Boppanna : out
12:35 Uttam : +1 nice trade
12:36 Uttam : Infy back to 755

Order Flow charts dated 1st Feb