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
09:00 Manik : GM all
09:00 Muralidhar : GM all
09:00 Vtrender Live : 5 min charts – https://join.me/607-537-725
09:01 Suresh : GM every one
09:01 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/560061309
09:02 Vtrender Live : 5 min charts of BNF, password vtrender- https://zoom.us/j/8647754588?pwd=U0xCYytWSWc4cE9Fd3RYS2xwZzJ6UT09
09:03 Suresh : copy function is not there? I’m unable to copy..
09:03 Suresh : i mean the above urls
09:03 Nishanth : Just click on the link. It should open in a window
09:04 Suresh : my idea is to setup charts on other comp.. 🙂
09:05 Tejpreet : GM All.
09:05 Manikandan : GM all
09:05 Amit Jain : gm all
09:06 Amit Jain : suresh click on url then choose open in sep browser window then you can copy
09:06 Suresh : yeh working on it
09:07 Shai : GM all
09:07 Shai : 2 ref lines for the open today
09:08 Shai : the higher one at 11498 and the other one at 11540 for the immediate swing
09:08 Shai : supp is at 11350 amd 11290 lower
09:09 Shai : Auction was an open and close im imbalance yesterday
09:09 Shai : BNF supp stays at 23570 F
09:09 Shai : watch 23900 for supply on any higher probes
09:11 Shai : Please keep a copy of the links of 5 min NF and BNF 5 mins and 30 mins of NF/ BNF given in the A tab
09:11 Shai : they are a replica of all the trading room charts we have
09:12 Suresh : sure
09:14 Ankush Jain : chrts not up
09:14 Ankush Jain : room chrts, joinme
09:16 Yashasvi bhuta : can you guys please post these links in slack
09:18 Shai : 11341 supp for open
09:19 Rahul : These is crazy
09:20 Rahul : dam 400 pointers in BNF in 5 mins
09:20 Shai : yes
09:21 Shai : 11485 to watch
09:21 Rahul : any caught must doen for 1st half
09:21 Ankush Jain : 0s in current bar
09:21 Rahul : yes
09:22 Shai : what time is AGR hearing?
09:22 Ankush Jain : 11 AM verdict
09:22 JayJ : 11.30
09:22 Manik : 11.30
09:22 Shai : trade small guys
09:22 Shai : ok
09:23 Shai : this will be ruthless today
09:23 Shai : As imbalanced
09:23 Muralidhar : @Shai ruthless on any side or downwards?
09:23 Shai : 24197 second supplu abv in BNF
09:23 Shai : supp remains the same
09:24 Shai : o’s at top and bottom of 2nd bar
09:25 Ankush Jain : auction can be locked in this bar?
09:25 Shai : for now becomes an NTZ
09:25 Bhavesh : screen not visible
09:29 Ankush Jain : more 0’s
09:30 Shai : headed to 11540
09:31 Naresh Dubbudu : Volatile days are good if we are quick.
09:32 Shai : upper set taken out hence became bullish- (09:24) Shai : o’s at top and bottom of 2nd bar
09:34 Shai : 24197/ 11540 to decide the day now
09:35 Nishanth : is it possible to guess if this rise was overnight short position closing or fresh longs opening?
09:37 Tejaswini : Gm all. Late to join today. BEst of luck
09:43 Shai : That is not necessary – (09:35) Nishanth : is it possible to guess if this rise was overnight short position closing or fresh longs opening?
09:43 Yashasvi bhuta : what will be stops for this nifty long
09:43 Shai : it complicates things
09:43 Nishanth : ok thanks
09:43 Shai : keep it simple with demand and supply
09:43 Nishanth : sure
09:44 Muralidhar : @Shai yesterday’s fall was due to Institutional Selling or an Inventory Adjustment?
09:44 Shai : 11465 sl for any longs
09:44 Uttam : Good Morning All 🙂
09:44 Yashasvi bhuta : okey
09:44 Suresh : good volumes buyig side
09:44 Shai : reduce size here at 11507
09:44 Shai : this is a treacherouse last 20 points abv 520
09:45 Suresh : ok
09:45 Ankit : @Shai could you please adjust the 5 min nifty chart in join me
09:45 Ankit : thanks
09:45 Manik : seems like a ORR opening?
09:46 Shai : All pos closed
09:47 Ankush Jain : All pos closed
09:47 Ankush Jain : trade after the verdict, if any?
09:48 Himanshu : Ydays script playing – IB range 600 point
09:51 Shai : short NF 11444 sl iof 11487 tgt 11370/ 11300
09:52 Shai : BNF lost it
09:52 Shai : (09:38) Shai : (09:34) Shai : 24197/ 11540 to decide the day now
09:53 Shai : 20 short in both
09:54 Shai : 11395 book half- (09:51) Shai : short NF 11444 sl iof 11487 tgt 11370/ 11300
09:55 Shai : don’t trade if you cannot keep pace
09:55 Shai : the market will not wait for you
09:55 Ankush Jain : we pace with u
09:55 Ankush Jain : 🙂
09:55 Uttam : 11400pe from 91-105
09:55 Uttam : 3 min trade
09:56 Kaustubh : gm all
09:56 Kaustubh : room charts visible?
09:56 Uttam : joinme & zoom
09:56 Uttam : and GoTo
09:56 Kaustubh : ohk
09:57 Aditya09 : bn 23800 pe 394-494 on tht 60k -ve cot
09:57 Tejaswini : whatta trade. in and out in 5 minutes
09:58 Shai : this thing is wild today
09:58 Shai : book out shorts
09:58 Suresh : done 🙂
09:58 Uttam : reminds of March Shai 🙂
09:58 SureshM : yes done my first trade today
09:59 Manik : chances of normal day developing or too early to say.. wide A period range after trend day
09:59 Tejaswini : done 🙂
09:59 Shai : 11466 TSL for a short view now
09:59 Shai : tjhough 11485 better
09:59 Jay Kothi : mkt construct has clearly changed from last 2 months…need to take small profits in longs & big in shorts…
09:59 Shai : +1
09:59 Shai : first time since June seeing this volatility
10:00 Uttam : 53k red seems stuck in NF at 11407
10:01 Yashasvi bhuta : okey new guy here but appriciate your message will try to keep up
10:01 Uttam : BNF reacting from trend day vwap
10:05 Yashasvi bhuta : screen share i no longer active
10:05 Aditya09 : thnks ug on you 53 k stuck call
10:06 Uttam : +1 vwap test here
10:07 Naresh Dubbudu : Before that BNF could test low
10:08 Tejaswini : UG is that 53K still stuck?
10:08 Uttam : we cannot say for sure but stuck players give a visit to vwap
10:09 Tejaswini : cool tnx
10:10 Yashasvi bhuta : screen share again stopped
10:11 Uttam : (09:11) Shai : Please keep a copy of the links of 5 min NF and BNF 5 mins and 30 mins of NF/ BNF given in the A tab
10:12 Jay Kothi : Ril has lost leadership
10:12 Jay Kothi : hdfcbank has taken charge
10:12 Ashwath : I shifted to NF today, not able to handle BNFs wildness!
10:12 Uttam : greens at vwap in both
10:12 Ashwath : 🙂
10:13 Rahul : boom
10:13 Uttam : looks like now that stuck red getting out
10:13 Uttam : cute SL above vwap 🙂
10:15 Himanshu : First trade – 23K PE 192- 155
10:18 Vishnu : shai please adjust goto bnk nifty chrt
10:19 Himanshu : UG – each 30 mt candle is piercing below my screen
10:19 Himanshu : on both side – this way I will loose my monitor man
10:19 Uttam : lol
10:20 Himanshu : kahin to ruko
10:20 Uttam : call LIC
10:20 Himanshu : Oh yea – Good you reminded
10:20 Himanshu : They are studying GDP data, to prepare purchse list
10:21 Shashidhar : Insurance does not cover the Act of God and Act of Markets 🙂
10:21 Uttam : hope they invest in India only & not SPX 😉
10:22 Himanshu : Shashi – LIC means – they as a buyer, am not expecting them to cover for any trading losses
10:22 Himanshu : 60k Cr worth of premium collection annually have to be invested somewhere –
10:23 Himanshu : Ponzi Scheme has to inevst somewhere free money
10:23 Uttam : guys remember the 11519 level yesterday?
10:23 Uttam : it was the 3-day composite VAH which once broken gave the 80% rule and tgt of 11450
10:23 Shashidhar : not for trading loss, but for monitor loss due to the candle going below and above screen
10:23 Uttam : high today right there so far
10:23 Himanshu : Ha ha Shahi
10:24 Himanshu : Monitor is managable – Tick shall not pierce my desk also –
10:26 Shashidhar : dont slide too much inside the desk H
10:27 MJ : UG: VWAP paar please bnf.
10:28 Uttam : wait MJ, H is dialling LIC
10:29 Ashwath : @Uttam – what the TPO size for BNF in MPLite?
10:29 Vishnu : 6
10:29 Ashwath : ok. thanks
10:29 Shashidhar : I think it is customizable
10:29 Uttam : 6 is ideal but cos of last 2 day bigger range can take it as 12
10:29 SandeepP : i am unable to see MP chart
10:30 Uttam : watch it on MPLite Sandeep
10:30 Ashwath : thanks
10:30 Uttam : https://mplite.vtrender.com/?symbol=BANKNIFTY_E24-09-2020&tf=daily&tpo=24&ll=&ul=&sp=1&startDate=31-07-2020&endDate=&nDays=0&idstr=&dstr=16._3.3&rst=1&iam=
10:40 Vishnu : thanks shai
10:40 Favas : 7 dt done
10:40 Uttam : arre wah wonderful F
10:40 Krantik Bordoloi : what expectations from AGR judgement today?
10:41 Uttam : expectations could be anything K, we need to see how the market reacts to the verdict
10:41 Uttam : and for that we have OF
10:41 Favas : tnx ug
10:41 Rajesh G : ug bank nifty levels?
10:42 Uttam : BNF right now stuck between yVWAP & 23700
10:43 Ankush Jain : morning volatility over. Now after AGR
10:43 Uttam : below 23700 can trst 23621 & 23555 again
10:43 Uttam : volumes have come down after a good IB in NF
10:43 Ankush Jain : Do 2 IB today
10:43 Ankush Jain : that will be fun
10:47 Ankush Jain : Shai can u zoom in chrts a bit?
10:47 Ankush Jain : digits are too small to be read
10:48 Rahul : ahhh, room charts back
10:48 Rahul : 🙂
10:49 Rohan Wonder : again gone
10:49 Suresh : oopsi
10:57 Munish : @Shai no trade till AGR now?
10:57 SandeepP : hi ug went thru training library last night and now not finding setup to trade .. guess new comer syndrome 🙂
11:00 Uttam : @Sandeep what is the open type today?
11:00 Uttam : based on Open Type what are the trade set up we can look out for?
11:01 Ashwath : @Shai – zoom chart?
11:02 Manik : OAIR open type
11:03 SandeepP : OAIR 10 pt trades low to vwap kidn of ?
11:03 K2dt : is zoom working??
11:03 Aditya09 : no
11:03 Manik : mean revert kind of trades
11:04 Aditya09 : fine now
11:04 K2dt : now up
11:04 Uttam : yes till we get a RE (Range Extension) on good OF confrimation we look to fade the extremes
11:04 Uttam : Shai has also given the levels to watch 11540 was on upside
11:04 Uttam : 11350 on downside
11:05 Uttam : we got one short trade when we turned down from 11519′ and then one probable long trade to vwap & IBH when that 53k red was stuck at 11407
11:06 Uttam : NF abov vwap & BNF below it
11:06 Uttam : so TRend Day yesterday which was an imbalance being followed by a balance today so far
11:07 Suresh : Ty Uttam
11:07 Manik : UG above avg IB range can also indicate Normal day?
11:08 Uttam : yes Manik
11:08 Manik : thanks
11:09 Arjun : zoom chart struk ?
11:09 Uttam : unless we get new volumes suggesting a move away
11:09 Boppanna : moratorium case adjourned to tomorrow https://twitter.com/LiveLawIndia/status/1300668404790034433?s=20
11:09 Munish : joinme stuck
11:10 Aditya09 : both charts stuck
11:11 Yashasvi bhuta : any trades for now or we are waitng
11:11 Manik : UG, something I have noticed, is after low/ lowest 5 min volume, we get a drive.. for eg right now the 11:10 bar has lowest vome
11:11 Rahul : charts stuck at both
11:11 Uttam : yes charts stuck
11:12 Uttam : vwap broken in NF
11:12 Uttam : slight increase in vols also
11:12 Uttam : lets see if we have 0s or IS
11:12 Uttam : in OF
11:14 Ankush Jain : gap in chrts?
11:19 Tejaswini : Manik gr8 observation 🙂
11:19 Uttam : repeate trade of 11400pe at 91.5 but booked out at 96
11:19 Uttam : 0s at lows made me book out
11:19 Manik : thanks T
11:19 Shashidhar : Manik – its like silence before the strom
11:20 Uttam : though we have 0s from 11460 at top also
11:20 Tejaswini : UG so counter trade on?
11:20 Tejaswini : COT big blue
11:20 Uttam : IS at VWAP means PLR down
11:20 Manik : at the highs we have sucked up all the supply.. to now move lower to find buyers
11:20 Uttam : only that the 0s made me book early
11:21 Tejaswini : SCratch that COT comment
11:23 K2dt : zoom lagging a lot
11:24 K2dt : lag arnd 20 sec
11:26 Rahul : UG lag ?
11:27 Tejaswini : 0’s at 23750
11:27 K2dt : chief pl refresh charts ..lagging..zoom
11:31 Shai : All good now?
11:31 K2dt : yeap
11:31 Uttam : one refresh of the charts please Shai
11:31 Tejaswini : yea
11:31 Rahul : yep
11:31 Uttam : as the 11:15 bar showing lesser vols
11:31 Uttam : NF
11:31 Manikandan : last 2 bar vols are showing lesser
11:32 Uttam : yes now correct
11:32 Shai : now vols are correct
11:32 Uttam : +1
11:32 Shai : there was a puase in between
11:32 Manikandan : +1
11:32 Shai : refresh done to sync
11:32 Yashasvi bhuta : ok
11:33 Ankush Jain : room chrts ok now?
11:33 Naresh Dubbudu : Marketing trying to stay at VWAP as AGR ruling comes
11:35 Sanjib : BHARTIARTL shooting up
11:36 Sandeep B : 10 years payment allowed
11:36 Rahul : 10 yaers
11:36 SandeepP : postiive or negtive ?
11:36 SandeepP : fundamentally
11:36 SandeepP : ?
11:36 SandeepP : 10 yrs less may be they wanted 15 20
11:36 Uttam : BNF boom?
11:36 SandeepP : it doesnt matter
11:36 SandeepP : it doesnt matter spike
11:37 Uttam : crazy
11:37 Rahul : crazyyyy
11:37 Rahul : 50 pointers…thougfh with hedge
11:37 Uttam : RE in NF
11:37 Uttam : 66k at 11524
11:38 Rahul : any thoughts UG from here ?
11:38 Himanshu : Chalo verdict over
11:39 SandeepP : 66k reds
11:39 Uttam : 11540 & 11590 probable tgts in NF
11:39 Rahul : Him just guide which side to walk
11:39 Rahul : Thanks UG
11:39 SandeepP : ug huge supply 66k right ?
11:39 SandeepP : resistance ?
11:39 Himanshu : Wait for it to settle
11:39 Uttam : 0s from 11460-11490
11:39 Himanshu : NF has positive cue for telecom
11:39 Uttam : yes 11525 needs to be taken out & sustained
11:40 Himanshu : BNF will see its impact –
11:40 Rahul : melting
11:40 Uttam : BNF already into the 0s of 23720-23840
11:40 Himanshu : Payment to start from April 2021 1st – 10 % to be paid first and
11:40 Himanshu : 10 Year staggered payment
11:40 Uttam : wah
11:40 Himanshu : So Banks have promise of Payable when able in 10 years
11:40 Himanshu : then – NPA limbo
11:41 Himanshu : But is cashflow Negative for them
11:41 Uttam : 23600 low in BNF
11:41 Himanshu : along with COVID – Moratorium
11:42 Naresh Dubbudu : Option premium adjusting the implied vol reduction.
11:43 Himanshu : Vodaphone is lossing – they thought – easy way out of business thru NCLT – IBC
11:43 Himanshu : now they have to pay and be in the busienss – to slowly get killed by Jio and Airtel
11:43 Krantik Bordoloi : Voda LC
11:44 Krantik Bordoloi : the ruling seems positive for banks?
11:44 Himanshu : Now Jio will launch more aggressive plan by this month end and make Voda have another – VE cash flow qtr
11:44 Himanshu : Kinda neutral
11:44 SandeepP : 66k resistance stop and reverse with heavy shorts for now is that a good trade ug ?
11:44 Himanshu : puts an end to embargo – Limbo
11:45 SandeepP : 11524F
11:45 Shai : Short NF 11500 sl of 11542 tgt 11420
11:46 Shai : trade 25% size
11:46 Shai : only 1/4th
11:47 Shai : beklow 11480 expecting a crack
11:47 SandeepP : aaaaaggghhhhh where to size up ? below 11475 ?
11:48 Shai : 11460 better for cons
11:50 MJ : Shai 1/4 pos size coz of 0’s below?
11:50 Shai : yes
11:50 Shai : but 0’s abv in that bar also
11:50 Shai : plus 11540 ref
11:50 Uttam : (11:39) Uttam : 0s from 11460-11490
11:50 MJ : Yes, googly bar.
11:50 Uttam : NF made a lows at 11461
11:51 Rahul : here we go shai
11:58 Shai : chalo
11:59 Rahul : cahlo
11:59 Ankush Jain : add more Shai?
11:59 Uttam : 11460 needs to be broken for that Ankush I guess
12:01 Shai : was just an expression for the sow pace 🙂
12:01 Suresh : 🙂
12:01 Ankush Jain : 🙂
12:01 Shai : got spolit since yesterday 🙂
12:01 Naresh Dubbudu : 5 DT done!
12:01 MJ : From accoustic guitar to Techno in no time 🙂
12:01 Shai : lol
12:02 MJ : Rock and roll chief 🙂
12:02 Shai : Congrats Naresh
12:02 Uttam : congo N
12:02 MJ : Shai Airtel doing its thing 🙂
12:02 Naresh Dubbudu : Thank you Shai & UG. Two back to back good days. Used volatility well.
12:03 Uttam : more power to you N 🙂 +1
12:03 Shai : Sl at 11501 cost now- (11:45) Shai : Short NF 11500 sl of 11542 tgt 11420
12:04 Naresh Dubbudu : Power tous all at team VT!
12:04 Shai : welcome
12:04 Shai : happy al;ways to see people making money
12:04 Shai : more power
12:05 Krantik Bordoloi : @Shai Nf short still active?
12:06 Uttam : it is K
12:06 Krantik Bordoloi : thanks
12:06 Uttam : SL now at cost
12:06 Shai : bharti and hdfc twins holding NF
12:09 Sandeep B : Should we get out of shorts??
12:09 Shai : make exits from the shorts
12:09 Sandeep B : ok
12:09 SandeepP : exited
12:09 MJ : RO point nifty 11604 right?
12:09 Shai : we review this later
12:09 Uttam : 11607
12:09 MJ : Thanks UG.
12:09 Uttam : Feb zalso had the same RO point 😉
12:09 MJ : are are
12:09 Uttam : and we know what happened in MArch
12:10 Aditya09 : that rb spoiled the party
12:10 Naresh Dubbudu : RO point?
12:10 Uttam : Roll Over point ffor Sep series
12:10 Naresh Dubbudu : Thanks Uttam.
12:14 Uttam : welcome 🙂
12:17 SandeepP : @shai can we sump up cot to say -3L and +1.5L so net -1.5L – short direction preferable on 30 min chart of NF ?
12:18 Uttam : COT is most effective on 5min OF Sandeep
12:20 Uttam : probable FA at highs in NF today
12:20 Sandeep B : If it breaks IBL right?
12:21 Uttam : yes 11470 first level here
12:22 Uttam : lets break that for 11420 first
12:22 Sandeep B : Should we short below 11460?
12:22 Uttam : lets get an IS at vwap here & break that 11460
12:24 Rahul : Yes UG
12:25 Rahul : Need that enough of ping pong
12:27 Ankush Jain : Things have gone quiet again
12:27 Sandeep B : NF and BNF trying to probe higher
12:28 Rahul : greens in bnf
12:30 Rahul : 11.7 k greemn in nf
12:30 Munish : 0s in BNF?
12:31 Rahul : vwap
12:32 SandeepP : the 30 min on gotomeeting looks ultra wierd for some reason
12:32 SandeepP : on ym screen
12:33 Ashwath : vols are picking up in bnf?
12:33 Tejaswini : 12:00 and 12:20 on NF looks like an incomplete auction…
12:33 Tejaswini : right on the vwap too
12:36 Vyom : IB crossing VWAP
12:36 Vyom : Uttam good for bnf long?
12:38 Tejpreet : Uttam need to confirm anyone FA at highs NF or FA at lows BN 🙂
12:39 Uttam : yes BNF looking good for some more upside here
12:39 Rahul : 23920 ?
12:39 Uttam : NF testing that RS of 11525
12:40 Uttam : 24k to banta hai?
12:41 SureshM : in future ?
12:42 SureshM : or spot
12:42 Rahul : f
12:42 Uttam : we can trade only futures here Suresh
12:42 Himanshu : UG – ABEG – Auction complte here – 23960
12:42 SureshM : ok
12:43 Himanshu : To trade Spot we need 10K crore
12:43 Vyom : even idea is recovering sharply
12:45 Uttam : 24000 – 24080 can come in BNF
12:45 Uttam : 24k here
12:45 SureshM : SL?
12:46 Uttam : when we get IB at vwap that low would be the SL for any longs Suresh
12:46 Uttam : can then trail it accordingly
12:46 Himanshu : Chief gave 11540 – SL
12:46 Himanshu : exact – Zeros there
12:46 Uttam : 23800 now ref on downside
12:47 Uttam : H making a new RE up in NF
12:47 Uttam : can it do in BNF too?
12:47 Munish : 0s on top NF?
12:47 SandeepP : ug 70k supply in nf
12:47 Uttam : right at that 11540 level Shai gave in the morning
12:48 Rahul : yes
12:48 Shai : short NF 115302sl of 11567 tgt 11485/ 11470
12:48 Himanshu : Chief – join me – NF is stuck
12:49 Himanshu : Same message – Presenter has gone to bank
12:49 Himanshu : cam ebacl
12:51 Uttam : done – (12:45) Uttam : 24000 – 24080 can come in BNF
12:51 Yashasvi bhuta : are we to wait for SL to hit
12:52 Shai : NF stopped
12:52 Sandeep B : SL hit in NF
12:52 SandeepP : SL taken
12:52 Shai : Make exits
12:52 Yashasvi bhuta : ok
12:52 Sandeep B : Probable FA in BNF at lows
12:52 Shai : o’s taken out by other 0’s
12:52 Rahul : Those VWAP guys did a good job today
12:53 Shai : 11540 a supp
12:54 Uttam : NF did this hypo after taking support rright at the bearish hypo of 11395 – a) NF needs to sustain above 11420 for a rise to 11455-498 / 11525-550 & 11580
12:55 Rahul : +1 UG
12:55 Shai : 11237 ref line again
12:55 Sandeep B : 11537??
12:55 Yashasvi bhuta : should we sell 11200 puts ?
12:56 Shai : no
12:56 Shai : 12.55 candle is a blowout one
12:56 Shai : need conf
12:57 Shai : 11237- 11267 to watch
12:57 Shai : not survived abv that 267 sl
12:57 Uttam : 11537-567
12:57 Ankush Jain : 11237?
12:57 Shai : 567*
12:57 Himanshu : Sirji
12:58 Shai : 11537- 11567**
12:58 Uttam : Shai revealing this week’s targets 😉
12:58 Himanshu : Ahein hain..
12:58 Himanshu : haha
12:58 Himanshu : Moment of truth,,
12:58 Shai : 15 mins it goes abv 11567 we have vol expansion and shorts under pressure\
12:59 Shai : perfect words- (12:58) Himanshu : Moment of truth,,
12:59 Uttam : yes this rise has come with reds in COT
12:59 Uttam : they can be forced to get out
12:59 Uttam : 11591 is 1.5 IB in NF
12:59 Shai : 11660 tgt 1 on SC
12:59 Uttam : someone was aking for 2 IB today 😉
12:59 Uttam : 11664
12:59 Shai : 11664 ext handle
12:59 Uttam : +100
12:59 Himanshu : UG we need gussain profile at 23300-500 Range –
13:00 Uttam : 11615 PBH
13:00 Himanshu : and consilidation for good long move in Sept
13:00 Himanshu : This long profiles are killers –
13:02 Uttam : if H period leaves a tail at top can rotate back to vwap & IBL – NF
13:02 Rajesh : yesterday vwap ..trend day vwap is it giving resistance?
13:03 Uttam : NF abov yVWAP
13:03 Uttam : which is why SC can come
13:05 Ankush Jain : IB appears finally
13:05 Uttam : BNF also now at yVWAP
13:05 Uttam : 11580 to the dot
13:05 Uttam : (10:03) Uttam : a) NF needs to sustain above 11420 for a rise to 11455-498 / 11525-550 & 11580
13:06 Rahul : UG gets what he wants
13:07 Ashwath : @Shai – zoom need a adjustment..
13:07 Shai : NF going for 11660
13:07 Ashwath : thanks
13:07 Ankush Jain : Should we go long?
13:07 Shai : 11600 ce abv 65 will push to 90
13:08 Shai : waiting for better COT
13:09 Vyom : Shai airtel seems to have broken out
13:09 Tina : Wwhat happeded at oct future at 11590
13:09 Vyom : any references for it if u have time
13:09 Tina : reply big order
13:10 Sandeep B : FA at BNF lows confirmed?
13:11 Uttam : just in time – (12:47) Uttam : H making a new RE up in NF(12:47) Uttam : can it do in BNF too?
13:11 Shai : NF 11537 long view from here tgt is 11660
13:11 Ankush Jain : Shai SL for 11600 CE?
13:12 Shai : jump in 50% on pullback to 11560
13:13 Shai : 51
13:13 Shai : there is no buying happening guys
13:13 Shai : only an expected SC
13:13 Uttam : +1
13:14 Shai : hope you guys see the diff
13:14 Uttam : I needs to make new hgihs
13:14 Tina : kindly update of 11590 oct
13:14 Shai : 11600 ce reducing
13:14 Uttam : NF premium is 40 points 🙂
13:16 Tejaswini : counter trade @shai?
13:16 Fenil : yes
13:16 Fenil : bnf rejected from yest vwap
13:17 Manik : is there a way to monitor live OI in ATM options?
13:17 Shai : No trade open
13:17 Uttam : in your trading terminal Manik & in MPLite option charts
13:17 Ankush Jain : close longs?
13:18 Shai : yes – COT not steady
13:18 Manik : can we get a chart of the open interest as that would be more graphical and indicative
13:20 Yashasvi bhuta : so you exited the whole trade ?
13:23 Shai : (13:13) Shai : there is no buying happening guys
13:23 Shai : needs better buying
13:23 Ankush Jain : +1
13:23 Rohan Wonder : Banknifty looks a little tired compared to nifty
13:23 Ankush Jain : More than decent Put writing at 11400
13:24 Ankush Jain : Infact very little call writing at all strikes
13:25 Shai : 11502 test may come
13:26 Himanshu : Ankush – due to volatility
13:27 Ankush Jain : But PE writing is on
13:27 Ankush Jain : 11500 PE > 1.1 m today
13:28 Rohan Wonder : Ankush … Even 11600 pe writer are more active n calls unwinding
13:29 Rohan Wonder : SC*
13:31 SandeepP : yvwap acting as strong support ?
13:31 SandeepP : can it be interpreted that way
13:31 Tejaswini : @UG 30k can get stuck on 20 more points upmove?
13:32 Uttam : 11593 gate pass needed for NF
13:32 Uttam : BNF needs to stay above 24150
13:32 Uttam : 11540 being defended for now
13:33 Shai : yes
13:33 Shai : COt improving
13:33 Shai : but don;t be long if 11534 breaks
13:33 Uttam : in fact looking at 11600pe Shai if that happens 😉
13:35 Rohan Wonder : what should be the ideal sl for 11500pe if i want to short ?
13:37 Uttam : you want to short 11500pe?
13:37 Rohan Wonder : on rise … yes
13:38 Uttam : yuo will get more points in going long in a CE if we get a rise
13:38 KK : take it up now
13:38 Uttam : 11600ce less risk and mmore reward
13:38 Uttam : cos short covering moves are fast
13:39 Rohan Wonder : ok uttam g … what will be the best rate around rate tp enter ?
13:39 Uttam : I am biased for a ghar wapasi though in NF 😉
13:39 Ankush Jain : ghar wapasi?
13:40 Uttam : open price if 11593 not taken out
13:40 Uttam : 11534 ext handle of H holding out for now
13:40 Suresh : looks like a trap ? better not to buy puts for sometime
13:40 Rohan Wonder : ok Uttam g
13:42 Uttam : reds bulding but buyers clinging on to that 11537
13:43 Uttam : je baat
13:44 Ankush Jain : je baat
13:44 Uttam : lets get back into IB now
13:44 Shai : 11522
13:44 Ankush Jain : UG i borrowed ur dialouge
13:44 Shai : now you know why we pulled out of longs
13:44 Uttam : ghar wapasi
13:45 K2dt : ek vwap test ho jaye bnf
13:46 Uttam : 50% booked in this from 120-141 – (13:33) Uttam : in fact looking at 11600pe Shai if that happens 😉
13:46 Himanshu : 11500 PE writers will be going to DhobiGhat
13:48 Uttam : doom doom?
13:48 Uttam : 11470 please?
13:48 Ankush Jain : lo
13:48 K2dt : wwah mere sher bnf
13:49 Amit Jain : aamen ug 🙂
13:49 Sandeep B : Possible to get FA at highs today?
13:50 Ashwath : 3 back to back IS in BNF.
13:51 Uttam : rest out at 159 – 11600pe
13:51 Uttam : rejecting from vwap
13:51 Fenil : superb UG
13:51 Uttam : _/\_
13:52 Tejaswini : congrats ug
13:52 Uttam : can do another similar round if vwap breaks & 11470 goes
13:53 Uttam : looking at 11500pe now
13:53 Amit Jain : yes thoda vix bhi aur badao 🙂
13:53 Uttam : for that move if it comes before close
13:53 Tejaswini : BNF already below VWAP
13:54 K2dt : 333-470 24000pe
13:54 K2dt : din ka kaam done
13:54 K2dt : congrats to all in green
13:56 Sandeep B : RB and then IB in BNF
13:56 Vyom : 0s in nifty
13:56 Vyom : plus IB
13:57 Sandeep B : but 0’s in NF are in the middle
14:06 Sandeep B : Are we still in NTZ?
14:08 K2dt : K mei kaboom UG?
14:08 Rohan Wonder : Uttam g even i was right to short 11600pe on rise … learning with u all
14:08 Vyom : many greens
14:09 Uttam : yes vwap being defended
14:09 Uttam : so all those shorts getting squeezed
14:10 Yashasvi bhuta : are we to go long ?
14:12 Uttam : we are forlming a balance today Yash inside yesterdays range so accordingly look for trades
14:13 Uttam : 11591 was 1.5 IB which was not tagged so a fade of that extrrme with vwap as first tgt was a trade set up
14:14 Uttam : vwap holding was a sign to book or exit shorts & aggressive players could have gone long again for IBH as first tgt
14:14 Yashasvi bhuta : okey
14:14 Uttam : know the set ups and then identify them in real time & take the trades which suit yuor trading style & rusk
14:14 Uttam : risk*
14:15 Krantik Bordoloi : charts stuck?
14:15 Uttam : the I period had to make new highs for that 11660 tgt for longs
14:18 Tejaswini : how probable is probe to 470? or should we wait for vwap to break?
14:19 Tejaswini : Do we wait for COT to give big red? trying t o learn. Got it wrong today
14:20 Tejaswini : Also got caught in that AGR whipsaw
14:21 Uttam : when we are forming a balance we can look to short at developing VAH on RS and book part at vwap & rest at VAL
14:21 Uttam : 80% Rule
14:21 Uttam : this set up is called
14:21 Tejaswini : yup. tnx
14:21 Uttam : 11540 was being defended before and once it broke now it is ressiting
14:22 SandeepP : are teh charts stuck
14:22 Uttam : joinme & zoom working fine
14:23 Uttam : this time lets break that vwap in NF
14:24 SandeepP : 570 pending
14:24 SandeepP : 470*
14:25 Ankush Jain : Ye lo UG
14:25 Ankush Jain : vwap & 470
14:26 Himanshu : UG – Yday POC – 24250
14:26 Himanshu : today 23750
14:27 Uttam : (13:53) Uttam : looking at 11500pe now(13:53) Uttam : for that move if it comes before close
14:28 SandeepP : 1500 qty taken
14:28 SandeepP : wat cud be the tgt ? IBL ?
14:28 Uttam : 11500pe from 83-103
14:28 Uttam : 11470 holding
14:29 Uttam : taking is not enough S, you need to book out also fast
14:29 Uttam : doom doom
14:29 Uttam : wanted to book at 105 but seemed like was stalling at veap so booked out 2 points before
14:29 Uttam : but now going for IBL
14:30 Uttam : book 50% & trail rest to cost S
14:30 Uttam : 150 could come in it
14:31 SandeepP : 105?
14:31 Uttam : book half at 105 & trail rest to cost
14:32 Uttam : keep booking tgts at 130 & 150 for rest
14:32 Shai : +1
14:32 Shai : 11455 supp now
14:32 Shai : Any big move below 11455 will mean fr4esh day lows
14:33 Ankush Jain : good volumes coming in Shai
14:33 Jay Kothi : Structures damaged beyond repair for sometime… short trades only
14:33 Uttam : NeuX will be nice Shai 🙂
14:33 Ankush Jain : UG always keep asking for more
14:33 Jay Kothi : Ril bad boy for this damage
14:33 Shai : o’s
14:34 Ankush Jain : 455 goes
14:34 Ankush Jain : 11500 pe waale under water
14:35 Shai : IS
14:35 Ankush Jain : shirt here?
14:35 Shai : 11486 sl from here
14:35 Shai : tgt 11376
14:36 Sandeep B : FA possible at highs?
14:36 Fenil : bnf zeros at top
14:38 Shai : not an FA
14:38 Sandeep B : k
14:38 Rahul : green in bngf
14:40 K2dt : chief zoom not showing greens
14:40 K2dt : in bnf
14:44 Shai : will check that
14:44 Shai : looks like a bug
14:44 Shai : exit the NF
14:44 Sandeep B : NF exited
14:44 Ashwath : that’s what I request yesterday Shai. 🙂 abt missing indicator. 🙂
14:44 K2dt : thnx chief
14:46 K2dt : solved chief 🙂
14:49 Tejaswini : 11480 acting as resistance now?
14:50 Tejaswini : sorry vwap
14:50 Shai : locked between dpoc and vwap
14:50 Shai : that move below 11455 got unexpected greens
14:51 SandeepP : tat matched last week bnf lows
14:51 Shai : most probably will clsoe here
14:51 Shai : will let it lie here and take a fresh view tom
14:53 Uttam : one move to 11420 then close here will be nice Shai 🙂
14:56 Amit Jain : 11520 uttam ?
14:56 Uttam : 11485 is a HVN and looks like todays close will be right there
14:57 Uttam : series HVN it is so apart from the RO point of 11607, this is one imp level to mark
14:57 MJ : UG ATR please? If handy?
14:57 MJ : nf bnf.
14:58 Uttam : 133 / 562
14:58 MJ : Thank you /\
14:58 Uttam : _/\_
14:59 Uttam : 23587 imp level in BNF
15:01 Uttam : Normal Day in BNF with a probable multiday FA at both ends
15:03 Vishnu : which means fa at low and high?
15:03 Uttam : one could get confrimed tom
15:07 Vyom : IB with good COT in both?
15:07 Uttam : yes’
15:09 Uttam : BNF keen on IBH?
15:09 Uttam : time running out thought
15:09 Uttam : though*
15:13 Rohan Wonder : Put Writers won the show today
15:15 Uttam : 23999.8 high in ths bounce – BNF
15:16 Uttam : inside bar and balance in both
15:16 Uttam : forming Value in the low volume zone of yesterday’s elongated profile
15:26 Uttam : both closing at dVAH
15:26 Shai : NF closig higher than expected
15:26 Uttam : FA at lows in BNF & small A period singles in NF
15:26 Shai : can l;ook to whack some writers tom,
15:26 Suresh : ok
15:26 Sandeep B : call or put?
15:26 Uttam : 12 noon Shai? 😉
15:27 Shai : NF is a fill up of lower zone yesterday
15:28 Yashasvi bhuta : are we expecting a positve open?
15:28 Shai : not from here
15:28 Shai : indecisive clsoe
15:29 Shai : Bye all
15:29 Yashasvi bhuta : ok
15:29 Rohan : Bye all
15:29 Rajiv Ohri : Bye
15:29 Shai : have a nice evening
15:29 Himanshu : Ok Bye all
15:29 Aditya09 : bye all
15:29 Sandeep B : bye
15:29 Manikandan : bye all
15:29 Uttam : thanks All 🙂 have a lovely evening
15:30 Tejaswini : tnx all
15:30 Suresh : Ty & Have a nice evening too
15:30 Suresh : bye for now folk..
15:34 SureshM : Thanks and bye for now