When we think about how to measure volume in the market one of the keys is Order Flow. It plays a role by telling us what the other traders have done in the market and are currently doing and this provides valuable clues and potential opportunities to trade.
An Order Flow trader can actually see exactly what is happening in the market as it happens. Once you are able to understand what is happening in the present, you are able to make far better decisions about what might happen in the future. Order Flow provides traders with vision into market activity.
NF
BNF
Room Chat
08:43 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/557999829
08:44 Vtrender Live : 5 min charts – https://join.me/334-660-349
08:45 Vtrender Live : 5 min BNF charts – https://zoom.us/j/8647754956?pwd=RjFYSXJFcDNwdm1OZ29FVERzdEVOZz09
08:46 Vtrender Live : Announcement – WEbinar at 08.30 pm – on how to read option charts through the MarketProfile
08:53 Chandrashekhar : GM all
08:56 Sumit : GM all
08:57 Uttam : Good Morning All 🙂
08:57 Uttam : https://vtrender.com/market-profile-analysis-dated-06th-january-2021/
09:00 Kailash : GM All
09:01 Harish : gm
09:08 Rohan : GM All
09:09 Ankush Jain : Morning all
09:09 Shai : GM all
09:09 Rajan Modi : Gm all!
09:09 Aditya : Gm all
09:09 Shai : 14190 would be ref line at the open
09:09 Ankush Jain : so pe writers murdered yesterday, today its going to be ce writers?
09:09 Shai : open is expected higher
09:10 Shai : 14260 to0 watch
09:10 Shai : 1431 doable if we stay abv
09:10 Shai : 14310
09:10 Shai : BNF 31920 a supp for day
09:10 Shai : 32040/ 32320 to watch upper side
09:12 Rusi : Gm all
09:16 Uttam : inspite of the gap up that 14150 combo at 100
09:17 Tejpreet : GM All.
09:19 K2dt : nifty spot not going higher
09:19 Uttam : 14200ce writers will feel the heat above 65-66
09:20 Uttam : highest OI added yesterday in it
09:20 Uttam : yPOC at 65 & yVWAP at 52
09:22 Uttam : BNF looking good
09:23 Shai : 32240 to watch upper isde in BNF
09:24 Uttam : no reds so far in this gap up
09:24 Uttam : in BNF
09:24 Rohit : Shai, please adjust the font in room and Joinme
09:26 Shai : better?
09:26 Rohit : Yes, thanks
09:26 Ankush Jain : yes
09:26 Ankush Jain : Shai do we have a webinar today?
09:26 Chandrashekhar : 14200 CE OI is dropping fast
09:27 Shai : Yes – we are doing a webinar at 08.30 pm in the room
09:27 Ankush Jain : +1
09:27 Shai : will be on options through MarketProfile- do login
09:27 Ankush Jain : waiting for 3 weeks 🙂
09:28 Uttam : XMas & New Year celebrations we had na last 2 weeks 🙂
09:29 Uttam : 30 mins charts need adjustment Shai
09:29 Ankush Jain : UG taht 14150 ce/pe gave about 15 points in open
09:30 Sanjib : 14260 seems rock solid resistance, as Shai had tweeted
09:30 Uttam : that inspite of the gap up A
09:30 Ankush Jain : yes
09:30 Uttam : if we opened around prev close could have got even more
09:31 Ankush Jain : i was hoping for that
09:31 Ankush Jain : but jo aaya wohi acchha
09:31 Uttam : +1
09:31 Sanjib : Yes, I also booked right at Open
09:31 Uttam : congo S
09:31 Sanjib : Got 18 points
09:31 Sanjib : Thanks
09:32 Uttam : another OAOR start in both
09:32 Uttam : and on Thursdays it is even better 😉
09:33 Sanjib : BNF
09:33 Uttam : 14245 holding in NF
09:33 Tejaswini : those arent 0’s in BNF right? 387 at top
09:34 Uttam : below 14245 NF can go for that yPOC tag
09:34 Uttam : 14220
09:35 KK : when is Infy results ?
09:36 Shai : (09:10) Shai : 14260 to0 watch(09:23) Shai : 32240 to watch upper isde in BNF
09:36 Shai : we go with buyers if this sis crossed
09:37 Shai : OAOR and no red bands so no shorts yet
09:37 Ankush Jain : yups
09:38 Uttam : Shai can you please adjust the 30min charts
09:38 Uttam : no vols below 14240 in NF so can test that 14225 once?
09:42 Shai : BNF can do 32030 with sl abv that 32240
09:48 Tejaswini : NF over 260
09:49 Chandrashekhar : both not in sync yet
09:49 Sanjib : red band in BNF
09:50 Tejaswini : behaving completely opposite
09:51 Tejaswini : @Shai can we go long NF?
09:52 Sumeet : ril pushing up nifty.. bnf struggling under its own weight
09:52 Tejaswini : BNF put premiums are not increasing much
09:52 Shai : 32090- (09:42) Shai : BNF can do 32030 with sl abv that 32240
09:52 Shai : late selling again BNF
09:53 Chandrashekhar : PDH @ BNF
09:54 Shai : BNF exit shoirts
09:54 Shai : that late seller is an issue
09:54 Sanjib : BNF did 32148 to 32110
09:54 Shai : +1
09:54 Chandrashekhar : 14200 OI nearing cross over
09:54 Sanjib : _/\_
09:55 Shai : 14200 straddle- https://mplite.vtrender.com/?symbol=O_NIFTY14200PE20210107_NIFTY14200CE20210107&tf=daily&tpo=2&isComposite=0&ivp=0&sp=1&startDate=&endDate=&nDays=8
09:56 Ankush Jain : good to short?
09:57 Shai : No
09:57 Shai : RR not good
09:57 Ankush Jain : +1
09:58 Shai : can take a small punt in 14300 pe on next pink band with sl below 76
09:58 Shai : can do 120 is 75 holds in 14300 pe
09:59 Tejaswini : late sellers can puke in bnf?
09:59 Rajiv Ohri : Chief ne bol diya to chalo 120 in 14300 PE
10:00 Shai : 75 strict sl just thye RR is great though it needs pink band
10:02 Himanshu : GM ALL
10:03 Rajiv Ohri : IS and Red Band Shai
10:03 Shai : pink band
10:03 Shai : can buy here sl of 75 tgt 120
10:04 Rajashekhar : s xxc\
10:04 Rajashekhar : sorry by mistake
10:07 Chandrashekhar : Uttams 245 levels need to break now
10:11 Ankush Jain : +2.7m for 14200 pe.
10:12 Shai : 100 reduce half- (09:58) Shai : can do 120 is 75 holds in 14300 pe
10:12 Shai : sl is 86 on rest
10:12 Shai : Isn’t orderflow awesome? 🙂
10:13 Abhishek : yes oss
10:13 Siddhesh : true
10:13 Abhishek : *boss
10:13 Rajan Modi : its amazing!!!
10:13 Prateeek : It is chief
10:13 Rajesh G : shai what was the rationale as per OF
10:13 Ankush Jain : OF & Shai both are awesome
10:13 Uttam : 1181 green in BNF
10:13 Rajan Modi : and u r the best trainer
10:13 Ankush Jain : & so are the all vtrenders
10:13 Prateeek : +1 Ankush J
10:13 Rajesh G : that 9.55 bar
10:14 Shai : rationale was pink band at ref levels- (09:58) Shai : can take a small punt in 14300 pe on next pink band with sl below 76
10:14 Rajesh G : thanks shai
10:14 Shai : _/|_- (10:13) Rajan Modi: and u r the best trainer
10:15 Aditya : thanks shai 82-99 done
10:15 Shai : on expiry day choose ITM over ATM as ATM has more writers
10:15 Uttam : +100
10:17 Chandrashekhar : that 1181 greens on BNF is shorts covering Shai?
10:17 KK : Is it End of auction in BNF ?
10:17 KK : with RB
10:17 Uttam : 0s at highs & 0s now at these new lows so looks like range set for BNF for expiry day 🙂
10:20 Sanjib : 14300 PE 79 to 107 all out
10:20 Aditya : so 14260 is the reference point where we see RS or IB and we go in when we have confirmation from orderflow? new at this, trying to understand the nuances.
10:20 Shai : sl now 99- (10:12) Shai : sl is 86 on rest
10:20 Shai : ride this now
10:22 Uttam : (09:34) Uttam : below 14245 NF can go for that yPOC tag(09:34) Uttam : 14220
10:22 Sanjib : 14227.4 is low (09:38) Uttam : no vols below 14240 in NF so can test that 14225 once?
10:23 Favas : bnf ref?
10:24 Shai : 32030 still
10:24 Shai : new shorts below it
10:24 Shai : NF can do 14190
10:24 Shai : maitian 97 as sl in 14300 pe
10:25 Uttam : 14220 here –
10:25 Abhishek : nf charts out of screen
10:25 Chandrashekhar : NF charts adjustment please in the room
10:25 Chandrashekhar : thanks shai
10:25 Chandrashekhar : 14200 possible in NF shai?
10:26 Shai : (10:24) Shai : NF can do 14190
10:26 Chandrashekhar : +1
10:28 Anand : that 610 buyer a problem ?
10:28 Anand : 651
10:29 Uttam : that 14300pe almost there at q120 Shai 🙂 +100
10:29 Shai : 121
10:29 Uttam : done
10:29 Uttam : 🙂
10:30 Tejaswini : BNF what are we looking at below 32030?
10:30 Uttam : 31920 🙂
10:30 Favas : (10:24) Shai : 32030 still thanks shai
10:30 Sanjib : c side in bnf
10:30 Uttam : C side in BNF
10:30 Uttam : +1
10:31 Shai : exit full in 14300 pe
10:32 Tejaswini : BNF to vwap?
10:34 Uttam : above 120 that 14300pe can do 138 Shai?
10:36 Shai : over for now
10:36 Uttam : ok
10:36 Shai : 32030 BNF and 120 in the PE seonnd references\
10:37 Shai : may still be good around 80 with same sl of 75
10:48 Uttam : BNF C side gives VWAP
10:57 Tejaswini : 14300 pe above 120 now
10:59 Tejaswini : volumes have dried up
11:01 Sumeet : 14190 coming
11:04 Rajan Modi : Shai; begining of the year you said in Jan we can see 14260 and then 13500 – today we did 14260 – now how can we say that for once top is done and we can move to 13500 in Jan?
11:06 Ankush Jain : I think OF will dictate
11:07 Uttam : 133 so far – (10:34) Uttam : above 120 that 14300pe can do 138 Shai?
11:08 Rajan Modi : yes A; but I would like to know how we will come to know? If it trades below any level level or if we dont cross todays high?
11:08 Uttam : we trade Value in MArketProfile Rajan so we look at how Value is being formed
11:09 Uttam : on daily & then on weekly
11:09 Uttam : plus we need an excess at top or a FA to give more confirmation that a short term top could be in place
11:10 Uttam : lets see if we have something in the G period today 🙂
11:10 Rajan Modi : thanks UG _/\_
11:10 Uttam : even if it does not give a move, will surely leave a clue
11:10 Rajan Modi : yeah that what i wanted to know
11:16 Uttam : this is for intraday – (11:10) Uttam : lets see if we have something in the G period today 🙂
11:17 Chandrashekhar : Uttam/Shai 245-60 levels to watch for any longs for the day?
11:17 Chandrashekhar : in NF
11:18 Sanjib : BNF intending on giving FA or what?
11:21 Uttam : it has to hit new ATH by 11th remember 😉
11:22 Sanjib : 🙂
11:23 Tejaswini : why 11th?
11:23 Rajan Modi : UG; for BNF last month FA was confirmed. 1 ATR is 32370 and 2 ATR 35763,. Is this correct?
11:25 Uttam : got a date with BNF 😉 – (11:23) Tejaswini : why 11th?
11:25 Sanjib : @Rajan: BNF ATR (14) is 560, so you can calculate the targets from FA point
11:25 Uttam : monthly ATR in this case Sanjib
11:26 Tejaswini : 🙂
11:26 Sanjib : Oops…sorry
11:26 Uttam : yes Rajan but that monthly FA is more for positional view
11:26 Rajan Modi : Yes UG. Thanks _/\_
11:26 Uttam : not something whcih we can trade
11:28 Sanjib : 60 more points to confirm FA
11:34 Himanshu : 32KPE- Premium is diwn by 192 Rs
11:34 Himanshu : good will be fast snap below 32K spot
11:50 Tejaswini : F got arrested at vwap trying to do that @Himanshu
11:52 Tejaswini : Do we consider highs or lows without extension handles as weak?
12:02 Tejaswini : 330 and 310 greens on that RS candle in bnf
12:10 Tejpreet : Uttam G coming up and bn 190 point range ….what’s the plan !
12:21 Porus : 334-660-349
12:22 Porus : sorry, ignore
12:26 Tejaswini : @Himanshu had a question. If you have to play for that swipe how would you play it? What would you look in the OF charts?
12:29 Tejpreet : G does it’s job in bn
12:29 Uttam : FA – (12:10) Tejpreet : Uttam G coming up and bn 190 point range ….what’s the plan !
12:30 Tejpreet : +1
12:30 Uttam : (11:10) Uttam : lets see if we have something in the G period today :)(11:10) Uttam : even if it does not give a move, will surely leave a clue
12:31 Chandrashekhar : above 260 in NF 14200 CE writers would be cleaned?
12:32 Shai : 43 to watch in 14200 ce
12:35 Uttam : 70L OI in that 14200ce
12:36 Siddhesh : yes
12:37 Chandrashekhar : was 73 a while ago…
12:37 Shai : 27.5 sl in 14200 ce cmp 31.5 – 3 point risk tgt 42
12:37 Shai : 3 point punt
12:37 JayG : shai , where do you see expiry today?
12:38 Shai : 4 points actually
12:40 Shai : moving auction today- (12:37) JayG : shai , where do you see expiry today?
12:40 Chandrashekhar : this trade valid for only G period?
12:41 Shai : no
12:41 Uttam : G is followed by H 😉
12:41 Shai : G is getting over
12:42 Chandrashekhar : yep. thanks Shai/Uttam
12:42 Sanjib : Hammer getting ready
12:43 Sanjib : BNF FA 1 ATR target is 32600, right?
12:43 Tejaswini : @Shai can we enter here at 34?
12:45 Shai : Trade is open with good RR
12:45 Shai : maintain strcit SL and trade
12:45 Tejaswini : thanks
12:45 Shai : expiry trade anything goes
12:45 Siddhesh : noted
12:46 Chandrashekhar : G,H giving similar highs in BNF
12:46 Uttam : H is just started
12:47 Chandrashekhar : 14200 CE OI around 68 now
12:48 Tushar : we have same setup as yesterday like there are 2 big players @250 and 225…Am I right Shai?
12:51 Uttam : 34 needs to be taken out in that 14200ce
12:51 Uttam : got 40k sellers there
12:51 Tejaswini : Yes C its going down very fast now
12:52 Chandrashekhar : as Uttam mentioned if CE also moves will be nice
12:57 Tejaswini : lower levels on call accelerated the covering which should be a good sign
12:57 Tejaswini : 65L now
12:57 Shai : not ready to move yet
12:57 Shai : make exit in the 14200 ce at cmp
12:57 Shai : those wanting to hold maintain strict sl at 27.5
12:58 Ankush Jain : emade exits
12:58 Ankush Jain : afternoon move can come?
12:58 Shai : there is a new player at 28.5 defending but old writers have written at 36 and 42
13:00 Abhishek : Shai please enlighten more on how you see these players
13:00 Abhishek : porbably today at 8pm we can get more on options MP
13:01 Siddhesh : yes.
13:01 Rajan Modi : Shai sees the invisible 😉
13:01 Sanjib : 14260 acting like a rock
13:02 Tejaswini : Saved us chief
13:04 Ankush Jain : expiry around 14200?
13:06 Viswas : d profile in nf
13:12 Uttam : (12:46) Chandrashekhar : G,H giving similar highs in BNF(12:46) Uttam : H is just started
13:12 Uttam : H makes new highs in BNF
13:14 Uttam : 32320 is the 1.5 IB in BNF
13:17 Tejpreet : 1st expiry of the year and NF still a normal day 🙁
13:17 Uttam : more than 2 hours left Tej
13:17 Uttam : kuch to dhmaal hoga
13:17 Tejpreet : then let’s move it
13:22 Vaishali : nifty is behaving so lame yar. no drama nothing
13:25 Sanjib : 14260 is not giving the Gate Pass
13:34 Uttam : 14200pe 14jan from 120-129.3
13:34 Sanjib : Great UG
13:35 Viswas : can take shorts?
13:35 Chandrashekhar : 20-32 on 14200 PE
13:35 Chandrashekhar : +1 Ug
13:35 Uttam : low vol swipes these are
13:36 Ankush Jain : drama kal ho to gya V
13:36 Uttam : NF can go lower
13:36 Uttam : new lows
13:36 Chandrashekhar : that 34 alert on 4200 CE was great
13:36 Chandrashekhar : 14200*
13:37 Uttam : you had 40k sellers there
13:37 Uttam : that was huge
13:37 Uttam : 14200pe can do 160
13:37 Uttam : 14th JAn
13:37 Uttam : needs to sustain above 140
13:38 Tejaswini : BNF reds are huge
13:38 Uttam : 14300pe this time above 120 tags 134.9
13:38 Uttam : 138 bhi aayega usme ab
13:38 Shai : 14200 pe can do 60
13:38 Uttam : done
13:39 Shai : looks like late pe writers trappened in this leg
13:39 Ankush Jain : SL?
13:39 Chandrashekhar : 708 green @ 14197 now
13:40 Shai : 29 sl
13:40 Tejaswini : new lows possible in BNF?
13:40 Uttam : 14176 coming?
13:40 Shai : BNF avoid if 32030 does not break
13:43 Siddhesh : noted
13:44 Shai : 27 sl in 14300 pe cmp 33
13:44 Ankush Jain : in
13:44 Siddhesh : 14200 ?
13:44 Shai : out
13:44 Ankush Jain : yes
13:44 Shai : 14200
13:45 Shai : 🙁
13:45 Shai : got in late swiped back from 49
13:45 Siddhesh : this 708 in 13.40 is profit booking ?
13:45 Shai : 14190 F was cover
13:45 Shai : profit booking
13:46 K2dt : can dip even more chief?
13:46 Uttam : RB formed
13:46 Uttam : 708 green
13:46 Shai : 14190/ 32020 has to break for next dips
13:46 K2dt : +1
13:47 Siddhesh : +1
13:47 Uttam : 14190 is yesterdays VWAP
13:47 Uttam : NEuX vwap holds higher importance
13:49 Favas : red stuck?
13:49 Favas : bnf
13:50 Tejaswini : those were very big reds. werent initiative sellers right?
13:50 Favas : 3 is
13:51 Favas : or just stoploss?
13:52 Chandrashekhar : 14200 CE/PE around sae price now..OI has big difference
14:09 Tejaswini : K has been set up so nicely
14:10 Shai : some how not convinced that 14200 pe ends at 0
14:11 Chandrashekhar : you mean 14200 PE will end up near 0 ?
14:11 Chandrashekhar : so bulls would take over here?
14:11 K2dt : no chief means the reverse C 🙂
14:12 Shai : looking for a better RR
14:12 Shai : 60 touch is visiible in that PE
14:13 Shai : will see if we get an entry near 15
14:13 Chandrashekhar : K is here
14:14 Shai : 14244- 14190 for K
14:23 Ankush Jain : low volumes today
14:23 Ankush Jain : Nf forming a bell
14:24 Shai : yes start of a balance here
14:24 Shai : 14200 ce pe of 14th will rewrd into Mon
14:25 Ankush Jain : +1
14:27 Rajesh G : shai would u suggest going long in that straddle
14:27 Uttam : short R
14:27 Ankush Jain : i think short
14:27 Uttam : start of a balance
14:27 Ankush Jain : +1
14:28 Rajeshwarrao : nifty14200 around 17
14:28 Rajeshwarrao : pe
14:31 Porus : US Congress accepts Electoral College result. Paves way for Biden
14:32 Rajesh G : thanks UG
14:33 Uttam : https://mplite.vtrender.com/?symbol=O_NIFTY14200PE20210114_NIFTY14200CE20210114&tf=daily&tpo=2&isComposite=0&ivp=0&sp=1&startDate=&endDate=&nDays=8
14:33 Uttam : this is the link for that straddle – A period singles today
14:33 Tejaswini : @Shai do you still see 60 in that 14200 PE or is it done?
14:34 Shai : now it is 37- vol is less for 60
14:34 Shai : placed order to buy 14200 pe at 14 sl will be 2
14:34 Shai : tgt 37
14:34 Tejaswini : Ok. Thanks
14:35 Uttam : 297/305 is the POC / VWAP in that straddle which can be used as SL for it
14:35 Shai : +1
14:36 Shai : 247 is tyhe cmp shopukld be at 210 tom
14:36 Ankush Jain : In
14:38 JayG : any sl suggested?
14:39 Shai : 304
14:39 Shai : it’s more of a trade into Mon, but for those who don’;t want weekend risk 210 is exit
14:40 Ankush Jain : doing small qty
14:40 Chandrashekhar : 14223 has 4 candles POC aligning
14:41 Ankush Jain : K bhi sukh shaanti se nikal gya aaj
14:42 Uttam : can cover that 14200 straddle in today’s breakout session
14:42 Amit : links for session? first time attending…
14:42 Shai : canclelled- (14:34) Shai : placed order to buy 14200 pe at 14 sl will be 2
14:42 Sumeet : here only amit
14:42 Uttam : you just need to login to the trading room link
14:42 Shai : unsure of a move now
14:42 Sumeet : log in again
14:43 Amit : sure
14:43 Ankush Jain : 14200 looks like
14:49 Uttam : does 34 – (14:34) Shai : placed order to buy 14200 pe at 14 sl will be 2(14:34) Shai : tgt 37
14:50 Tejpreet : got 18 odd to 27 in that
14:50 Uttam : super Tej 🙂
14:50 Uttam : only you can get that speed
14:50 Tejpreet : tks and +1 Chief.
14:51 Tejpreet : had place 2 orders @mkt and 10 .
14:51 Uttam : +1
14:57 Tejaswini : BN looks like it wants to do 0 on 32000 pair
14:59 Chandrashekhar : spike lower in nf
15:00 Chandrashekhar : looks like Shai’s 60 is coming
15:01 Chandrashekhar : 61 here
15:01 Ankush Jain : 14200 pe finally hammered
15:02 Sumeet : hopped on for 36-54
15:02 Chandrashekhar : missed it…
15:08 Uttam : congo S
15:09 Siddhesh : congrats buddy!!
15:09 Uttam : (13:40) Uttam : 14176 coming?
15:11 Sumeet : aa gaya
15:14 Rajesh G : UG nF still in balance
15:15 Uttam : 77 coming in that 14200pe?
15:17 Chandrashekhar : 14153 ref uttam?
15:18 Siddhesh : Thanks Shai and team !!
15:20 Chandrashekhar : 32030 also held in BNF for now
15:26 Siddhesh : yes if we had crack then we could have seen move dips (15:20) Chandrashekhar : 32030 also held in BNF for now
15:26 Siddhesh : more dips*
15:29 Uttam : thanks All 🙂 have a lovely evenin