Trading Order Flow allows a trader to see the specific price where a trade has hit the market, along with the volume of that trade. This information is extremely valuable and allows a trader to generate substantial revenue by using this information to trade.
The way we see it is that Order Flow trading is a mindset. Well, instead of just looking for technical patterns, Trader should go a step further and think about what other market participants might do.
NF
BNF
Room Chat
08:50 Manikandan : Gm all
08:52 Santhosh null : gm all
08:52 Vtrender Live : 5 min charts – https://join.me/173-533-443
08:52 Chandrashekhar : GM all
08:52 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/788211637
08:56 Rajan : Good morning all
08:56 Srividhya : Good Morning All
08:59 Rajan : Good morning all
09:01 Vishnu : GM ALL
09:02 Shai : GM all
09:02 Shai : 9285 ref line for the open
09:03 Shai : Any move abv 9285 off open likely to do 9315 and 9350-70
09:03 Shai : below 9285 we could retest 9210 again
09:04 Ashwath : GM All.
09:04 Shai : Stay with the right bias. Trade Safe
09:04 Shai : Right Perception. Accurate Execution
09:04 Ashwath : _/\_
09:04 MJ : +1 Shai.
09:04 MJ : Wrote it on my desk.
09:05 Santhosh null : +1
09:05 Shai : +1
09:07 Kunal null : hi
09:08 Kunal null : has the chat started
09:08 Tejpreet : gm aLL
09:08 Upendra : good morning all
09:08 Kunal null : morning reference level
09:09 Bhupinder : GM all
09:09 Ashwath : @Kunal n – plz see tab 2
09:09 Shai : (09:02) Shai : 9285 ref line for the open(09:03) Shai : Any move abv 9285 off open likely to do 9315 and 9350-70(09:03) Shai : below 9285 we could retest 9210 again
09:10 Kunal null : in mobile version , we do not have tab 2 visible. sorry for it
09:10 Prateeek : good morning friends
09:11 Uttam : Good Morning All 🙂
09:12 Dhananjayan : good morning all
09:16 Ashwath : BNF 5 mins chart, not able to see orderflow chart correctly
09:16 Uttam : watch it on the 30mins Aswath
09:17 Uttam : till range gets settles
09:17 Uttam : settled
09:17 Ashwath : ok
09:17 Uttam : another gap up spoiled a probable move
09:17 Uttam : 9200 to 9366 🙁
09:17 Naresh Dubbudu : Today’s opening directly fight with single tiles of 4th May.
09:18 Uttam : 9345-66 is a high vol zone
09:18 Uttam : 0s at top we habe in NF at 9369 so far
09:19 Shai : 9285- 9383 – range off open
09:19 Chandrashekhar : @Uttam 9320 comp Vwap/Poc for first 3 days in May…
09:19 Shai : likely to be an OAOR
09:19 Chandrashekhar : any inference/ef to draw fom here
09:19 Uttam : 9285 test will be nice
09:20 Uttam : @Chandra POC has shifted lower to 9204
09:20 Uttam : last 2 days looks like big players accumalted there & now using this gap up to book
09:21 Uttam : 9312 coming?
09:24 Boppanna : BNF moving
09:24 Boppanna : 20100 test IMO
09:25 Uttam : NF also gettimg some greens
09:26 Boppanna : 21K vs 15K at top in BNF
09:26 Jitender : pls zoom into 5min charts
09:27 Uttam : 45k vol in BNF at 19945 Jit
09:27 Uttam : 21k red
09:28 Uttam : done – (09:21) Uttam : 9312 coming?
09:29 Jitender : BoPs what level is the red 🙂
09:30 Boppanna : 940 BNF
09:30 Boppanna : ur ref
09:30 Jitender : +1
09:32 Chintan : 18 + 15 +16 k red
09:32 Shai : OAOR at work
09:33 Uttam : +1 Shai
09:33 Uttam : both CE & PE OI rising
09:33 Uttam : writers in it again
09:34 Uttam : volumes also on lower side
09:34 Chintan : 9400 CE build up
09:36 Uttam : boom boom coming?
09:36 Uttam : need some more vols
09:38 Chintan : UG red stuck ?
09:40 Uttam : 9345 resisting
09:40 Vishnu : shai ur older ref 9344 still thr?
09:40 Uttam : yes Chandra looks like that stuck red came out there
09:40 Uttam : 26k green
09:44 Boppanna : B here
09:44 Uttam : BNF wants to lead today
09:44 Uttam : NF needs to get above 9336
09:45 Boppanna : BNF 950 third test
09:45 Shai : Guys OAOR- adopt accordingly- (09:19) Shai : likely to be an OAOR
09:45 Boppanna : +1 Shai
09:45 Ashwath : +1
09:47 Jitender : 937-874 half thru
09:48 Rajan : +1 Jit
09:48 Jitender : tx
09:49 Sagar : so bias u[ to down
09:49 Shai : Himanshu here?
09:49 Shai : your big guy in RIL is done
09:49 Jitender : all out 851
09:49 Shai : now what?
09:49 Boppanna : Nice one Jit
09:49 Vishnu : shai holds 1000 shares can i book profit?
09:50 Jitender : tx BoPs…second retest was a sittn duck
09:51 Boppanna : +1
09:52 Suhas : congrats Jit
09:54 Tejpreet : +1 Jit
09:54 Govind : COngrats Jit
09:55 Govind : 25k red gonna get stuck here?
09:55 Shai : +1- (09:49) Jitender : all out 851
09:55 Manoj : awesome Jitender
09:56 Shai : will respond if 9285 breaks (09:19) Shai : 9285- 9383 – range off open
09:56 Govind : +1 Shai
09:57 Himanshu : 21.5 CE – 95- 76 Out for now congestion
09:57 Himanshu : trading this of OPtionMP Chart
09:57 Uttam : can that 26k red stall the probe lower in NF?
09:57 Uttam : getting support
09:57 Uttam : 9284 almost here
09:58 Himanshu : Suyog- Chief- UG – trading option strikes with MP chart is another fun
09:58 Uttam : congo Himanshu
09:59 Rajesh G : shai nifty could not cross wednesday high of 9372 is it bearish bias
10:01 Shai : mark swing bearishness on Monday singles not wed
10:02 Jitender : tx guys..srry got discnc….trade was rite…but came out early
10:02 Govind : countin da money 🙂
10:02 Jitender : internet suddenly konked off
10:02 Govind : happens to me every day, overload
10:03 Jitender : k
10:03 Himanshu : Chief- Monday Asingle bearishness is around 9428 Zone
10:03 Himanshu : Right ?
10:04 Shai : Intra – Buy NF 9307 sl of 9277 tgt 9370
10:04 Shai : test done dot 9285- (09:19) Shai : 9285- 9383 – range off open
10:04 Uttam : +1
10:04 Uttam : (09:19) Uttam : 9285 test will be nice
10:05 Shai : +1
10:05 Rajesh G : thanks shai
10:08 Uttam : vwap holding for now
10:19 Himanshu : Boom Time
10:19 Himanshu : UG
10:19 Uttam : 9300ce 161 to 171 50% out
10:20 Jitender : +1
10:20 Tejpreet : 94k 115 to 124
10:20 Jitender : +1
10:20 Shai : NF 9323- redue half , sl to cost on rest- (10:04) Shai : Intra – Buy NF 9307 sl of 9277 tgt 9370
10:20 Shai : has to take out 9335 for more
10:21 Uttam : yes
10:22 Kunal null : vwap standing tall..
10:22 Uttam : D se direction milega 😉
10:24 Shai : NF exit
10:25 Jitender : Tej..any fryday plan fr yday poc ?
10:27 Tejpreet : Jit within IB till afternoon, sleep mode.
10:27 Jitender : k
10:29 Sagar : get above Vwap now
10:33 Sanjib : Motabhai marching ahead – 1559 now
10:34 Chintan : they will take us to high sanjib 1615+
10:34 Sanjib : 🙂
10:35 Uttam : D se pehle hi boom boom?
10:35 MJ : 9292 9332 half out. DT done.
10:38 Sagar : 335 cmon take out
10:40 Shai : onkly buyers there- (10:33) Sanjib : Motabhai marching ahead – 1559 now
10:41 Sanjib : +1 Shai
10:41 Uttam : D about to start
10:41 Uttam : lets get the boom boom
10:41 Uttam : 9336 first hurdle
10:42 MJ : Shai yesterday was watching for those previous 1490 sellers. It moved easy peasy beyond them.
10:42 MJ : In RIL.
10:43 MJ : Gave nice 50 in a btst.
10:43 Sanjib : BNF only in 215 range? Strange! Have a feeling that afternoon will be rocky
10:45 Himanshu : BNF forming Mini Island
10:46 Sourav : small ib….re cmng
10:46 Sourav : in nifty
10:47 Suhas : grinding zone
10:50 Ashwath : All TPO at O in BNF, so far.. 🙂
10:51 Uttam : OAOR
10:51 Uttam : so all at O
10:51 Suhas : band karo market:))
10:51 Ashwath : ok..
10:52 Shai : icici is holding up BNF
10:52 Shai : And RIL NF
10:53 Sanjib : ICICI Result tmrw
10:53 Shai : between RIL and NF you have 65 points from open given by 2
10:53 Shai : day range is 85
10:53 Shai : between RIL and icici **
10:54 Suhas : lets have that 9335 break
10:54 Shai : okay- infy given 12 and kotak the other 8
10:55 MJ : Chief that index table is just brilliant 🙂
10:55 MJ : haven
10:55 Himanshu : whre is it
10:55 MJ : mplite himanshu
10:55 Himanshu : is on slack
10:55 Himanshu : ol
10:55 Himanshu : ok
10:56 Suren : https://mplite.vtrender.com/idxtable/?selectedSymbol=BANKNIFTY
10:56 Suren : For H
11:00 Shai : Between Suyog, Uttam and RM you have everything you ever wanted in terms of information @Vtrender and right on the blog. All you have to do is search. There is something for everyone
11:00 Shai : both RIL and icici now tiring off
11:00 Himanshu : Ok seen was on that page
11:00 Himanshu : THx chief
11:00 Himanshu : today I traded Options of MP Lite chart
11:00 Ketan : +1 shai for the VT site. its phenomenal info.
11:00 Himanshu : As per OAOR
11:01 Shai : 342 to watch in icici and 1533 in RIL for signs of bear attacks
11:01 Shai : +1- (11:00) Ketan : +1 shai for the VT site. its phenomenal info.
11:04 Himanshu : Reliance is trading at NF 12000 Level
11:04 Himanshu : of earlier – what a scrip
11:06 Shai : that news of the stake was with you ?
11:06 Shai : or was it open ?
11:06 Shai : I don’t track the newsflow that closel
11:07 Uttam : _/\_ – (11:00) Shai : Between Suyog, Uttam and RM you have everything you ever wanted in terms of information @Vtrender and right on the blog. All you have to do is search. There is something for everyone
11:07 Shai : everytime RIL has had a stake sell, the stock has rallied in the afternoon session
11:07 Himanshu : yes
11:07 Shai : happened with FB also
11:07 Himanshu : What I heard earlier when it crashed was they bought huge qty for Akash ambani – 75 Lakhs
11:08 Himanshu : as all members in fly has individual stake on their name-
11:08 Himanshu : so that was like Back stopping –
11:08 Himanshu : Meanwhile – they knew internally about FB discussion –
11:08 Shai : you know the date?- I can check
11:08 Jitender : microsoft considern to buy stake was tere yday afternnoon n vista news is from morn
11:08 Himanshu : 800 was price aroudn thne
11:09 Jitender : FB news was before covid crash
11:09 Himanshu : then – FB came – then at 12.5 % premium of FB stake – Silver lake – came with 5300 CR
11:09 Himanshu : so now valation has bump up – of neary 20 %
11:09 Jitender : Fb news was confimrmed wen RIL closed at 1265
11:10 Himanshu : Later it was said – that they have other investors also lined up –
11:10 MJ : Shai 27th march
11:10 Jitender : tere was insider buyn day before tat wen RIL had insider buyn
11:10 MJ : Wholesale insider buying had happened.
11:10 Himanshu : Satya Nadela had met them lastly when he visted india – and Data Cloud investment was discussed
11:11 Himanshu : if you all recollect – Indian Govt has decided policy to host Indian COnsumer data in India Data centre
11:11 Himanshu : and not abroad – for security reasons etc
11:11 Himanshu : Reliance is exploring this oppurtunity with Microsoft – since then –
11:11 Prateeek : Data Localisation norms
11:11 Himanshu : Yeeees
11:11 Himanshu : Prateeek
11:11 MJ : Price around 1070 bucks.
11:11 Uttam : yeh 9336 kab jayega
11:12 Sagar : SHai we buy above 335 right ?
11:12 Sandesh : @uttam, ab jayega
11:12 Shai : buy abv 9340
11:12 Sagar : ok
11:12 Himanshu : So Reliance is on the way open to every oppurtunity that might come there way
11:14 Himanshu : yes – Even there was 2 % stake sale with-in their own entities – this happens – when Reliance wants to trap shorters
11:14 Uttam : D se direction ke jagah D se dead ho gaya – inside bar
11:14 Uttam : coiling happening in both
11:14 Sanjib : E se Elephant 🙂
11:14 Sagar : 🙂
11:14 Uttam : extension de do
11:15 Himanshu : as there was some short interest devloped at around 1050-1100 then. – I tracked that also so – is like backstopping again after they bought stake of 1.2 cr shares
11:15 Sagar : ha
11:15 Sanjib : 🙂
11:16 Himanshu : As they say – Never fight Fed/US
11:16 Himanshu : in old brokers parlance in BSE-
11:16 Himanshu : Never Fight – Reliance
11:16 MJ : Many call it haathi.
11:16 MJ : on the floor.
11:16 Himanshu : they keep liquidty – ready to establish price with in their own entities
11:17 Himanshu : just to backstop price …
11:17 Prateeek : exactly they sit with hell lots of cash and then raise money at the cheapest
11:17 Himanshu : In old days- Once while Dhiru Bhai was incharge – Calcutta Bear cartel shorted Reliance heavily and – then they were take to cleaners
11:17 Saheer : chart stuck or market 🙂
11:17 Arjun : chart
11:18 Sagar : both
11:18 MJ : Tattvam enterprises is what they bought a lot via. That is a LLP incorporation 😉 nita and anant and one more partner in it.
11:18 Himanshu : Dhirubhau -Bought on Day pior to settlement day – 350 Cr worth of Reliance in CAsh and
11:19 Himanshu : on behast of Calcuatta Cartel – Mumbai Syndicate ( who is pro – Reliance ) came to beg for rescue – Thats the day – and ist established on Floor -its intersting chapter in BSE history
11:20 Uttam : nice H
11:20 Jitender : not only him his enitre family trusts hv been buyn
11:20 Sanjib : Vishnu might be writing straddles today; hence not moving
11:20 Chandrashekhar : Charts stuck?
11:20 Naresh Dubbudu : VIX should be falling today?
11:20 Himanshu : yes
11:21 Sanjib : 38
11:21 Sagar : ye 335 kahe nahi aata 🙂
11:21 MJ : 331 sagar.
11:21 MJ : so far 🙂
11:21 Himanshu : so when price goes down to certain level when whoel world is short- they sell at higher price from one entity to another
11:21 Himanshu : is like round tripping – but to protect interest of other minority shareholders
11:22 Himanshu : Its OAOR – so can we trust – ? and FRY day
11:22 Rajesh G : ug that redbox means?
11:22 Jitender : never ft tat reason H
11:23 Jitender : fr
11:23 Uttam : seller imbalane Rajesh
11:23 Sagar : spot restinsting at 345
11:23 Prateeek : +1 Jit Self interest is above all interest, i guess
11:23 Rajesh G : ok
11:24 Uttam : 13k red agnst 1k green
11:24 Uttam : 1.5k
11:25 Himanshu : Well we can say that – but indirectly long term investor in Reliance has never lost money
11:26 Prateeek : +1 H. company does well all shareholders do well
11:26 Himanshu : and there are handful of such scrips – where
11:26 Himanshu : Yes – but still at times, lot or corporates do overdiversification and at the cost of shereholders
11:27 Himanshu : Birla Group,
11:27 Himanshu : Those holding Grasim for long are paying for Vodaphone – Hindalco.
11:27 Prateeek : so true H
11:27 Jitender : remember for 8 years RIL was rangebound…lot of emotions come wen prices start running…..
11:27 Himanshu : Vedanta – same- Price was where itw as in 2008
11:28 Himanshu : but they were buiding JIo
11:28 Jitender : investment is as tricky as any trading thing…
11:28 Jitender : but less taxing than trading..no doubt
11:28 Prateeek : modi ki sarkar nahi thi naa J. ab hai. thats the most imp part, i guess
11:28 Himanshu : also – there was hangover of seperation also for those 8 years
11:28 Jitender : Prateek QE was not tere
11:29 Himanshu : Now – Maximum money from QE in US – Reliance like grp will MOP
11:29 Prateeek : anti-trust law – predatory pricing – has been kept off shelv for jio. any person in interest in law can vouch for that
11:30 Sagar : again 335 se vapas 🙂
11:30 Jitender : tere is a golden rule…wen the enire crowd runs after a single share…u know wats gonna happen eventually
11:30 Himanshu : The only move – I hate is to sell stake to Armaco
11:30 Himanshu : Those who funded Wahabizm in India and terrorism world over – cant have foot in Indai
11:30 Himanshu : Govt has blocked that for now
11:31 Himanshu : sighting some – recovery reason. Or may be they want to sell them BPCL either way
11:31 Prateeek : so much to learn guys. thanks himanshu for sharing all this. perspectives always help
11:32 Himanshu : Oh yes Collective Wisdom …
11:32 Prateeek : group think as shai said yesterday in webinar
11:33 Himanshu : I admire their ambitions – as fly. – as Entrepreure – Except – Rackless Anil Ambani
11:34 Himanshu : His Personal conduct – thru some close inner circle was always – not with in value system of what was acceptable – and hence the partition happens
11:34 Jitender : btw was tere a rumor in Feb n March tat motabhai wasnt in good books of GOI…somebody posted here also
11:34 Himanshu : Guy always had Suite booked in TAJ – Mumbai near Gateway and there was no staff – in reception who was not at his service – Vijay Mallya version
11:36 Himanshu : No that was his showing up at Uddhav ‘s Swearing etc
11:36 Jitender : oh..he has been forgiven …
11:36 Jitender : ten
11:36 Himanshu : But – As far as I know – He will also be used for Brokering Deal –
11:36 Himanshu : Amit Shah handles portfolio of Pramod Mahajan
11:37 Himanshu : now you knwo what am referring here….
11:37 Saheer : chart stuck?
11:37 Himanshu : What used to be Pramod in Bajpyeeji’s day
11:37 Saheer : ok now
11:38 Prateeek : please throw some light there H
11:39 Himanshu : OK on Slack tonight
11:39 Himanshu : cause – otehrs may want to focus on market – will be unfair to them
11:39 Prateeek : perfect. back to markets.
11:42 Sanjib : chart stuck in room
11:42 Prateeek : vwap chop chop going on
11:45 Rajesh G : chart stuck
11:46 MJ : 30 – and 5 min on. If you need to check.
11:46 Himanshu : 19800 Straddle is down by 350 + from Open
11:48 Sagar : booring expiry plus another boring day
11:48 MJ : Sagar save emotional capital.
11:48 Rajesh G : climax aayega
11:49 Sagar : yes no open position yet
11:49 MJ : I free up myself from any sideways trade and on OAOR OAIR kinda day, time is also a component of my sl.
11:51 Shai : +1
11:51 Shai : Perfect OAOR at play, coiled at vwap
11:52 MJ : yes chief.
11:52 Shai : how many of you saving emotional capita;
11:52 Rajesh G : YES
11:52 Sanjib : +1
11:52 Amit Jain : +1
11:52 Himanshu : Am out of all trades in C itseld
11:52 MJ : Me chief. just one trade and exited the part too.
11:52 Prateeek : Aye aye captain
11:52 Shai : Actually when vwap is a flat line, it is ir-relevant
11:52 Suhas : I did one bad trade n with minus 0.5dt…waiting if i can get back..if any move
11:52 Himanshu : traded – 21500 CE and 9250 PE
11:53 Shai : It is an average and it does not pay us to be average
11:53 Shai : we need edge
11:53 Suhas : looks like it wil be a vell as well today
11:53 Rajesh G : sold straddle after c inside
11:53 Suhas : bell*
11:53 Himanshu : YEs
11:53 Shai : yes
11:53 Shai : what didn’t happen yesterday was an extension
11:53 Shai : so we are looking for one today if it comes
11:53 Himanshu : infact – once Chief said OAOR and rejection at OPen high – Stradle of 20000 or 19800 woudl have given 200 Rs
11:54 Shai : As mentioned yesterday don’t look for a 100 pointer when there is none
11:54 Himanshu : am looking at opp thru MP Lite straddle chart – on Rejection of open on OAOR days –
11:54 Shai : Adjust your bias to the market
11:55 Himanshu : Cause morning VIX shoots up premium to roof and then cools down fast –
11:55 Jitender : weekly or monthly ? (11:53) Himanshu : infact – once Chief said OAOR and rejection at OPen high – Stradle of 20000 or 19800 woudl have given 200 Rs
11:55 Himanshu : weekly
11:55 Jitender : coz weekly 19800 is down by 70-80 bps from open
11:55 Rajesh G : locals at play
11:55 Jitender : tat too if u count opening tick
11:56 Vishnu : weekly is good as per this vix
11:56 Vishnu : my 9200 combo straight giving me .60+ points
11:56 Himanshu : even after first 5 munites – is over
11:56 Himanshu : it would have given – 150 Rs
11:57 Jitender : H yr caluclation for 19800 combo giving 200 is incorrect..pls check
11:57 Himanshu : am looking from Open and High price – besides – MP Chart of straddle tells you selling tail of A period
11:57 Jitender : nope
11:57 Rajesh G : vishnu will u carryover combo
11:57 Himanshu : so we can enter post first 5 Minute based on MP logic
11:57 Jitender : u have to see the price u cud have excuted
11:58 Himanshu : Ok check A period Singels in 19800 Staddle – post forst 5 minutes –
11:58 Himanshu : ias A selling Tail once it broke PDL on straddle chart we can be in – based on purely MP chart of stradle
11:59 Jitender : bro…dont see tails..tey r algo OTF
11:59 Himanshu : Check –
11:59 Jitender : friday doesnt give 200 bps in first 2 hrs
11:59 Jitender : have chcked
11:59 Jitender : but if u believe u have gt 200..grt
11:59 Himanshu : buts its traded price from where am saying Jit
11:59 Himanshu : is traded price of options today in options regular charts
12:00 Jitender : good so u hv a setup fr nxt friday
12:00 Himanshu : I checked on my Zerodha – A period was when – OI was gog up on both side
12:00 Himanshu : even on 9200 – 9300 Strikes also CE PE
12:01 Himanshu : Ok forget – A period
12:01 Himanshu : even on B entry – it has given 100 Rs
12:01 Jitender : 70-80..max 90 if u were lucky
12:02 Himanshu : check – so we let go A – but i fee l we have to trade this purely on Option Straddle chart – MP
12:02 Jitender : but anyways…
12:02 Jitender : bnf down to 710
12:02 Himanshu : no with fix target – I know – if not for CHiefs persuation with us on OAOR days
12:02 Himanshu : many time – we are not able to save emotiona capital so – I tarded one sided call for 30 Rs –
12:03 Himanshu : so this was better – I guess and is bit hedged also being both CE/PE
12:03 MJ : 31k at vwap lower band bnf.
12:03 Kunal null : spurt. in volumes with 1 lakh cot and IS
12:03 Kunal null : waiting for 9285
12:04 Tejpreet : Shai refresh needed ,if possible.
12:04 Himanshu : ICIci B- 348 now some volume offlaoded nw
12:06 Tejpreet : tks Chief
12:06 Boppanna : Jit morning shorts these 30k?
12:07 Jitender : +buyrs
12:07 Boppanna : thx
12:13 Shai : Buy 9400 ce abv 115 sl of 108 tgt 128/ 135
12:13 Shai : buy abv*
12:16 Rajesh G : shai why sudden spike in volume of 9400 call
12:18 Shai : not sure
12:18 Shai : friday- 1st day of new weekly
12:18 Shai : happens
12:18 Rajesh G : ok thanks
12:19 Vishnu : OI same shai for 9400 weekly wrting is high compare to 9.3
12:20 Boppanna : Shai refresh BNF pls 26K both sides?
12:20 Boppanna : thx
12:21 Shai : 9284 linit order supp
12:21 Shai : limit*
12:22 Shai : cabd o 9315 with sl of 9280 cmp 9291
12:22 Rajesh G : ut gave small extension
12:25 Shai : sl- (12:22) Shai : cabd o 9315 with sl of 9280 cmp 9291
12:25 Shai : thgat buyer covered
12:26 Suhas : spot days low kissed
12:26 Uttam : 65k red at lows?
12:26 Uttam : FA possible?
12:28 Ankit : would be good to have
12:28 Saheer : that would be nice UG, practical immediately after theory 🙂
12:29 Uttam : still a long way to go though
12:29 Saheer : yah
12:29 Uttam : BNF ewants to test 19500 looks like
12:30 Vishnu : ug ur atr for the nf?
12:31 Uttam : bhagwan pehle FA confirm karwo
12:31 Uttam : then will give atr ;-p
12:31 Himanshu : ok so 30 mt below – VAL
12:31 Uttam : nice set up for logn here with small risk
12:32 Uttam : another 29k red stuck
12:32 MJ : Yes ug.
12:32 Uttam : 9275 needs to hold now & NF needs to syat above IBL
12:32 MJ : JMD!
12:32 Uttam : ‘b’ to bell to ho hi sakta hai
12:33 Suhas : +1 Uttam
12:35 Shai : RIL fighting back again
12:42 Uttam : lets get VWAP NF
12:42 Ankit : enteredjust below IBL UG
12:42 Ankit : le aao
12:42 Ankit : kal jaisa nahi
12:42 Ankit : 😛
12:42 Uttam : lol
12:42 Uttam : aaj FRYday
12:43 Ankit : hehe
12:43 Uttam : 9312 nikaalo
12:43 Suhas : get that FA UG
12:43 Uttam : then we can go for the skies
12:43 Ankit : trade lene ke baad…can only pray 😛
12:44 Ankit : although premiums moving slow
12:44 Ankit : fut lena tha
12:44 Suhas : right ankit..i entered as well RR is good here
12:44 Ankit : +1 suhas
12:44 Ankit : no reason not to enter on such a day specially
12:44 Boppanna : BNF with all those greens stuggling to even touch IBL
12:45 Shai : icici is giving up
12:46 Suhas : RIl is still on
12:46 Shai : but icici has a buyer right below
12:47 Suhas : Thanx Shai fr that info
12:49 Shai : 9305 will push this up 30 points quick
12:55 Uttam : trust Bops to get his hammer in time 🙂
12:55 Himanshu : UG – Now give ur atr tgt
12:55 Uttam : 9311.9
12:55 Himanshu : UG- Bopp Combo
12:56 Uttam : (12:43) Uttam : 9312 nikaalo
12:56 Jitender : BoP half thru at 704
12:57 Uttam : NF high so far 9311.9
12:57 Kunal null : what is the sl of this trade above 9305
12:58 Boppanna : Congts Jit ..I was tempted wanted to see reaction at 580 before entering ..now above IBL only for me BNF longs
12:58 Shai : sl IBL- (12:49) Shai : 9305 will push this up 30 points quick
12:58 Uttam : lets go guys
12:59 Shai : looking for a conf abv vwap
12:59 Jitender : +1 B
13:00 Jitender : too much slow mo…m out
13:00 Dileep : Shai 9300 combo for 300 is good for writing
13:02 Shai : yeah for now
13:02 Shai : but weekend has additional risks in news flow
13:03 Himanshu : BNF – on contra mode making NF – slow
13:03 Govind : non farm payroll tonight Shai
13:03 Rajesh : i guess 9200 Call and 9400 put @415 is good for writing. Covered till 9000 and 9600..
13:03 Boppanna : Jit any news due today?
13:03 Jitender : the pregnant stimuls waiting fr delievery 🙂 (13:02) Shai : but weekend has additional risks in news flow
13:04 Boppanna : lol
13:04 Prateeek : lol
13:04 Tejpreet : 🙂
13:04 Himanshu : haha
13:04 Shai : 🙂
13:04 Dileep : lol
13:04 Shai : 9200 pe and 9400 ce- (13:03) Rajesh : i guess 9200 Call and 9400 put @415 is good for writing. Covered till 9000 and 9600..
13:04 Himanshu : The trick is to dry up expectation completelt
13:04 Uttam : BNF profile also looked like one yesterday Jit 😉
13:04 Boppanna : let they say no stimulus and then we may move up
13:04 Jitender : ys Uttam
13:05 Shai : Our stimulus babus are calculating still how many 0’s make the first trillion
13:05 Jitender : 🙂
13:05 MJ : haha
13:05 Uttam : lol Shai
13:05 Himanshu : Actuallay – Govt deffered DA payement till December
13:05 Vishnu : shaiiiii
13:05 Uttam : Bops has 9 more mins to do it
13:05 Himanshu : and asked them -solution – What do we expect – they said increase tax and pay our DAs – so Charity begins at home
13:06 Dileep : Pharma up , because of CLSA upgrade
13:07 Himanshu : Frankly – We will have to learn to live with HINDU rate of GDP which was 1-12 %
13:07 Uttam : boom boom
13:08 Himanshu : They braught it there –
13:08 Uttam : Bops delivers
13:08 Jitender : yup
13:08 Himanshu : Bopps – will give postion build up till last 5 mts
13:08 Himanshu : then he dials up guys – Chalo
13:08 Himanshu : so rocket
13:08 Ankit : 94K ce 101.6 to 111
13:09 Jitender : +1
13:09 Ankit : mushkil se
13:09 Ankit : thx jit
13:09 Jitender : kuch to aaya
13:09 Jitender : DT also pendn here
13:09 Suhas : 18 nf POINTS ..
13:10 Jitender : +1 S
13:10 Dileep : 9400 ce sleeping
13:10 Uttam : lets go for the FA now guys
13:10 Uttam : half job done
13:10 Suhas : 18 me se 4 points breakeven :
13:10 Ankit : yes dileep
13:11 Ankit : haha suhas…struggle is real
13:11 Uttam : (12:31) Uttam : nice set up for logn here with small risk(12:32) Uttam : another 29k red stuck(12:32) Uttam : 9275 needs to hold now & NF needs to syat above IBL(12:32) Uttam : ‘b’ to bell to ho hi sakta hai(12:42) Uttam : lets get VWAP NF
13:11 Dileep : touched VWAP?
13:11 Ankit : big qty le nahi sakte in such thin markets and movements are small
13:11 Uttam : orange line on the chart is VWAP Dileep
13:11 Boppanna : +1 Uttam
13:12 Uttam : Bops 2min mein 9336 bhi nikaldo please ;-p
13:13 JayJ : shai 9400 ce abv 115 sl 108 still on
13:14 Ankit : did i book early 😛
13:14 Shai : Avoid- (13:13) JayJ : shai 9400 ce abv 115 sl 108 still on
13:15 Shai : better 9300 ce
13:15 JayJ : ok
13:17 Shai : 153 supp in 9300 ce
13:17 Shai : 9304 in NF
13:17 Shai : Abopid longs if both go
13:17 Shai : Avoid*
13:17 Uttam : thanks Shai
13:17 Shai : let’s sharpen up
13:17 Shai : fryday is a setting
13:17 Shai : be open to anything
13:24 Boppanna : the stuck 11k green delivers in BNF
13:24 Boppanna : pukes at 650
13:25 Upendra : at 750 I guess
13:25 Boppanna : he was stuck at 750 and gave up at 650
13:25 Upendra : got it
13:27 Dileep : All out from nifty longs
13:27 Uttam : ok now getting into the business end of the day & the week
13:27 Uttam : let get one good move off this OAOR
13:29 Boppanna : BNF the culprit Uttam just can’t get away from this zone lets do that 500 touch atleast
13:29 Milind : BNF 19500 PE 360 to 400
13:29 Boppanna : Nice one Milind
13:29 Vishnu : milid wr ar u in these days
13:30 Uttam : 9312 not sustaining so PLR now down for me
13:30 Uttam : A period singles we have guys at top
13:30 Milind : Working from home , very tight schedule
13:30 Uttam : so below VWAP more chances of ending lower now
13:33 Sanjib : volumes are very low Uttam
13:33 Naresh Dubbudu : Can anyone remember the third thing Shai taught yesterday? One was about opening bias. Second was VWAP. What was the third?
13:34 Sumit Bajaj : range extn
13:34 Naresh Dubbudu : Thanks Sumit. RE it is.
13:34 Naresh Dubbudu : Lets see if we have RE on the bottom side.
13:38 Uttam : weekly POC shifting here at 9321 today from 9204 at close yesterday
13:38 Uttam : longs booking out?
13:38 Uttam : @Jit distribution happening
13:38 Uttam : ?
13:39 Jitender : ys Uttam….just tank spx
13:40 Jitender : but OI is thin
13:40 Jitender : first day of series….has the range
13:40 Uttam : we have a low vol zone below 9285-75 to 9204 so can do that in a flash if we break IBL again
13:40 Jitender : we r rotating in it
13:41 Dileep : looks more of a 60 point rotation day
13:41 Dileep : like yetsterday
13:41 Dileep : writers paradise
13:44 Shai : Happens in open auctions
13:44 Shai : the thing about writers is they look like they make a lot of money, but they also lose big on bog moves like Monday open
13:45 Jitender : yup
13:46 Jitender : try writing on fryday alone just open sell n close buy…cost of learning will be quite high 🙂
13:47 Shai : eat like a snail and shit like an elephant
13:47 Shai : And then the twitter traders come post market and psot straddle charts saying it was so easy to sell 🙂
13:48 Jitender : 🙂
13:48 Arun : lol
13:48 Prateeek : but the naivety is in both sides accusing each other. there is always smart and money making option buyer and option writer ; and vice versa
13:48 Dileep : lol..twitter world is full of option writing
13:49 Uttam : BNF doing the trick
13:49 Shai : 0’s
13:49 Uttam : 9285 thodo
13:49 Shai : everyone asleep by now?
13:50 Jitender : danke Tej (10:25) Jitender : Tej..any fryday plan fr yday poc ?
13:50 Prateeek : yes. kind of
13:50 Jitender : poc touchdown
13:50 Ankit : doom doom
13:50 Tejpreet : +1 Jit , after putting everyone to sleep
13:50 Suhas : what is that..
13:50 Jitender : maine bola tha na 🙂
13:50 Jitender : heheh
13:51 Suhas : hehe
13:51 Uttam : finally after scarthing CEs 2-3 times 9300pe from 150 to 170
13:51 Arun : 19k pe 210 – 300
13:52 Uttam : 9240 omcing?
13:52 Uttam : (13:30) Uttam : 9312 not sustaining so PLR now down for me(13:30) Uttam : A period singles we have guys at top(13:30) Uttam : so below VWAP more chances of ending lower now
13:53 Uttam : BNF already 2 IB down
13:53 Ashwath : chart stuck?
13:54 Uttam : doom doom
13:54 Uttam : 9204 tag will be nice in NF
13:55 Uttam : that 19300 to be tersted again in BNF?
13:55 Varun : 50000 green cot in a 40 point down candle
13:55 Uttam : in BNF Varun?
13:55 Uttam : we have 0s above it
13:55 Tejpreet : SC
13:55 Jitender : SLs
13:55 Varun : nf
13:55 Tejpreet : SHORTS BOOKING OUT
13:55 Tejpreet : sorry for caps
13:56 Varun : wht do 0s ref ?
13:56 Upendra : no auction
13:56 Uttam : lack of liquidity and in this case one aggressive player takens out all orders on the opposite side
13:57 Varun : but thr is good volume in lower part of that candle
13:57 Jitender : Varun 85k is Sls and 38+18 next candle is buyers imo
13:57 Jitender : nf
13:57 Jitender : rest Shai can weigh in
13:58 Varun : sl for buyers, if so even btr
13:58 Shai : yes part stops and part buyers
13:58 Nagaraj : SL hunt on to take out weak longs?
13:58 Shai : shorts also booking
14:01 Uttam : 9250 so far – (13:52) Uttam : 9240 omcing?
14:01 Shai : 9278 ref here
14:01 Varun : lets see whr we close at 2,15
14:01 Varun : imp candle
14:01 Shai : if crossed we get short cobvering in a 45
14:02 Varun : a tail on gap day from pday high
14:02 Prateeek : just reached 0.8 DT. tough day
14:02 Varun : or if we establish value here in next candle, lower 80 % will be easy, bell
14:02 Govind : you should be proud Prateek, congrats…not an easy day
14:02 Shai : Vol isn’t there Varun
14:02 Prateeek : yes G. i had all green days all this week. 2 were below DT. but all green.
14:03 Shai : pushing vwap bands
14:03 Ankit : congo prateek
14:03 Uttam : lets see if J period leaves singles at lows or extension handle
14:03 Uttam : congo Prateek
14:03 Varun : cot showed divergence
14:03 Prateeek : thanks brothers
14:03 Varun : abv ibl, vah it wld be mostlikely
14:03 Shai : 45 degeress doable setup
14:03 Uttam : yes Varun 31-3- profile is the flavour
14:03 Uttam : COT not supporting more downside
14:04 Varun : #9330
14:04 Varun : abce all mechanical
14:04 Uttam : 10 more mins J has to decide
14:05 Uttam : back above IBL or leave an ext handle
14:05 Varun : bes is k starts abv ibl
14:05 Uttam : yes Varun that will confrim small singles at lows too
14:05 Varun : gap rules also on
14:06 Uttam : vix below 40 today
14:06 Varun : any study on big candles
14:07 Varun : 4 lkah is big on 5 mins
14:07 Varun : whts the cut off
14:07 Uttam : yes 4L is better than average on 5mins
14:08 Uttam : in fact that 4.7L is the sceond highest of the day after the first 5mins
14:08 Varun : cool, thanks uttam
14:08 Uttam : 🙂
14:08 Varun : nexyt two also big then
14:08 Varun : making u
14:08 Uttam : yep
14:08 Uttam : average is around 1.5L
14:09 Arun : how can we see if there is a possibility of a imbalance close today ?
14:09 Varun : if k extneds j
14:09 Uttam : if K makes lower low Arun we are already in imbalanace more down
14:09 Varun : 🙂
14:09 Uttam : J unable to get back into IBH
14:09 Uttam : +1 Varun
14:10 Uttam : BNF swiped throug yesterdays Value
14:10 Jitender : poc manget n ten SLs
14:11 Varun : uttMthts wht i was saying for nf
14:11 Uttam : yes Jit
14:11 Rajesh G : is it OTF doing extension
14:11 Varun : very small bell
14:11 Uttam : yes Varun for NF only
14:11 Uttam : our convo was
14:11 Jitender : yday was same varun
14:11 Varun : vwap sd3 here
14:11 Varun : i doubt we ll extend below
14:11 Uttam : +1
14:12 Uttam : then take it back into IB
14:12 Kushal : BN spot at April VWAP
14:13 Shai : lonmgs need to add quick abv 9278 else this is goinbg down
14:14 Uttam : yes Shai
14:14 Uttam : 9204 & 19300
14:14 Uttam : 9240 immd hurdle though
14:14 Shai : tgt 9206 sl of 9286
14:16 Uttam : new doom doom
14:16 Uttam : 9240 here
14:16 Uttam : 1.5 IB done in NF
14:17 Jitender : boom
14:17 Uttam : (13:52) Uttam : 9240 omcing?
14:17 Jitender : 540-428..DT done finally
14:17 Uttam : low to the dot
14:17 Jitender : phew
14:17 Tejpreet : +1 Jit
14:17 Uttam : congo Jit
14:17 Jitender : tx guys
14:17 Uttam : booked the PEs early as wanted to save MTM
14:18 Jitender : +1
14:18 Jitender : even i did low quants thruout today
14:19 Uttam : that measn I should not have traded at all ;-p
14:19 Uttam : which was actually a good decision in hindsight
14:19 Jitender : 🙂
14:20 Ankit : and i shouldnt have thought of it 😛
14:20 Ankit : congo jit!
14:20 Ankit : was a really good one
14:20 Jitender : tx A….good one wud have been shrt at my 940 n holdn thruout
14:21 Jitender : but thought better to do turtle slowly seeing the environ
14:21 Ankit : hehe ..that wouldnt be a good idea in real time given the environment. Hindsight is different
14:21 Ankit : yes bingo +100
14:21 Jitender : yup
14:24 Uttam : ext handle at 9275 it left – (14:04) Uttam : 10 more mins J has to decide(14:05) Uttam : back above IBL or leave an ext handle
14:25 Uttam : if 9275 negated then close at POC of 9325
14:25 Uttam : weekly POC also there now
14:25 Uttam : else can spike lower to 9204
14:26 Varun : .
14:27 Shai : More propabable K does 9205 with sl abv 9285 now. Biding time for volume to expand
14:27 Uttam : +1 Shai
14:27 Uttam : bring it on
14:36 Arjun : what does RO point mean ?
14:36 Uttam : Roll Over Point
14:37 Shai : 7 mins
14:37 Uttam : being spike Shai 🙂
14:37 Uttam : bringin*
14:38 Uttam : BNF first
14:38 Jitender : je baaat
14:38 Uttam : 19300 cometh>
14:38 Tejpreet : Uttam 275 held wel in NF
14:39 Shai : 6 mins
14:39 Uttam : yes Tej
14:39 Uttam : BNF 19510 was the HVN
14:39 Uttam : stayong below it after that fall
14:40 Shai : Book 50% 9229- (14:14) Shai : tgt 9206 sl of 9286
14:40 Tejpreet : +1
14:40 Shai : K has 4 mins
14:40 Boppanna : BNF now don’t spend time here just spike pls
14:41 Shai : 3 mins
14:42 Shai : in K- (14:27) Shai : More propabable K does 9205 with sl abv 9285 now. Biding time for volume to expand
14:42 Boppanna : out500-320 BNF
14:42 Jitender : +1
14:42 Tejpreet : Good one Bops
14:42 Naresh Dubbudu : Squared of all positions. Greem MTM after 2 bad days.
14:43 Prateeek : congrats naresh
14:43 Shai : Book full
14:43 Himanshu : Cong – Al l green MTM
14:44 Uttam : congo guys
14:45 Uttam : (13:55) Uttam : that 19300 to be tersted again in BNF?
14:45 Naresh Dubbudu : Thanks Prateek & Himanshu
14:45 Uttam : congo Naresh told you we will bounce back today 🙂
14:46 Ankit : congo naresh!
14:46 Ankit : good feat
14:47 Tejpreet : Congrats to the green MTM in the room.
14:47 Naresh Dubbudu : Thank you Uttam, Ankit & Tej.
14:48 Shai : 9275 restest here
14:48 Shai : see if there is any firepower there
14:48 Jitender : congo Naresh
14:49 Chintan : +1 naresh
14:49 Chintan : finally made hard fought DT
14:49 Uttam : 19300 here
14:49 Dileep : moody says 0% gdp growth
14:49 Jitender : congo Chintan
14:49 Vishnu : shai 9200 combo in good profit .next week any breakout seems?
14:49 Jitender : BoPs 650 dwn from 19950
14:49 Chintan : tx jit
14:49 Jitender : wat a lvl
14:49 Jitender : full week it held
14:50 Vishnu : 950 named as jit no here after
14:50 Himanshu : BNF brutal
14:50 Uttam : as always beast mode
14:50 Jitender : no bro…many such more will come
14:50 Shai : who has done the better job today?
14:50 Boppanna : +1 JIt
14:50 Uttam : Vtians 😉
14:50 Vishnu : seller
14:50 Jitender : Me Shai 🙂
14:50 Shai : 🙂
14:50 Uttam : 9204 where are you
14:50 Sourav : seller
14:51 Shai : Theere are A singles also
14:51 Vishnu : 2 ib done bnf
14:51 Rajesh G : shai can we carry some puts
14:51 Uttam : (13:30) Uttam : 9312 not sustaining so PLR now down for me(13:30) Uttam : A period singles we have guys at top
14:52 Shai : can carry puts
14:52 Rajesh G : thanks shai
14:53 Shai : if vwap band was not so clsoe was an easy sell
14:53 Shai : but can still zip through yesterday;s VA
14:53 Govind : MOnthly puts Shai or weekly?
14:54 Jitender : bnf broke yday lows
14:54 Shai : 9010 destination Gov
14:54 Govind : Ok, done
14:55 Shai : the vol is a bit of a worry
14:55 Shai : that’s the only thing
14:57 MJ : shai that 9100pe 9500 ce still good ?
14:57 MJ : selling into?
14:58 Shai : 9500 ce still good
14:58 Shai : 9100 pe some unwinding
14:59 MJ : Thanks chief.
15:00 Jitender : 270-374 done BoPs….
15:00 Jitender : shrts wud cover
15:00 Jitender : low quants
15:00 Tejpreet : Jit score ?
15:00 Jitender : 1.27x only
15:00 Jitender : yrs
15:01 Tejpreet : great witj low quant
15:01 Boppanna : +1
15:01 Tejpreet : mine .4
15:01 Jitender : +1
15:01 Jitender : no trade in positional today
15:01 Tejpreet : ok
15:02 Govind : Congrats to everyone in green mtm!!
15:02 Jitender : yup
15:02 Prateeek : congrats to all friends with green mtm.
15:03 Jitender : nf POC touch was shrt by 11 points
15:05 Shai : yes
15:05 Tejpreet : Still time Jit your algo can do it 🙂
15:06 Shai : 9200 pe unwind
15:06 Jitender : all thru Tej
15:07 Tejpreet : +1
15:07 Dileep : close at day low possible Shai
15:08 Jitender : bnf gettn selln
15:08 Jitender : hmmm
15:08 Dileep : attempt to move up is sold into
15:09 Shai : FED rally high was 2930- 2960 in the SPX futures
15:09 Shai : onlt ref for tonight for a gap up
15:09 Shai : generally these central bank levels are not broken for a series
15:09 Shai : so they will try to sell into that 1
15:10 Uttam : 9000pe monthly chart – https://mplite.vtrender.com/?symbol=O_NIFTY9000PE20200528&tf=daily&tpo=2&sp=1&startDate=04-05-2020&endDate=07-05-2020&nDays=4&idstr=.0_0.0_1.0_2.0_3&dstr=_4&rst=0&iam=
15:10 Shai : Am carrying short futures with a hedge of 9200 pe short 2: 1
15:10 Uttam : above 218-220 can give 249 & 258
15:11 Dileep : shai reliance is still strong
15:11 Kunal null : what does short 2: 1 mean
15:12 Saheer : for every 2 futures, 1 PE
15:13 Kunal null : ok got it thanks
15:16 Shai : yeah, just imagine where NF would have been without RIL for last 30 days :)- (15:11) Dileep : shai reliance is still strong
15:17 Dileep : yes. atleast -400 from here minimum
15:17 Shai : the index is up through 5 stocks and RIL is the leader of those 5
15:17 Shai : had posted it on slack
15:17 Dileep : even weekend is not affecting RIL bulls
15:17 Govind : RIL has been to NF, what Amazon has been to NQ.
15:17 Shai : +1
15:17 Jitender : 8300-8400 (15:16) Shai : yeah, just imagine where NF would have been without RIL for last 30 days :)- (15:11) Dileep : shai reliance is still strong
15:18 Dileep : asif they are upto something else
15:18 Prateeek : + 1 G faang index did it for spx and nasdaaq
15:18 Dileep : RIL may be godfather for nifty
15:18 MJ : Shai nf has spent a lot of time near that pwl.
15:18 Dileep : senn analyst target of 1850+ in RIL
15:19 Dileep : only MB got richer in this Covid season
15:19 MJ : 2 ibs on bnf into the close. with icici result over the weekend.
15:19 MJ : shaabash.
15:20 Dileep : ICICI not giving any hikes this year , so may be cost saving will help them
15:20 Shai : icici led this last fall
15:20 Shai : 338- 339 is monthly vpoc
15:20 Shai : day has extra selling at 351
15:20 Shai : not going anywhere I feel
15:20 Dileep : it spend lot of time there last month
15:21 Dileep : 320-330 become a huge support
15:21 Chintan : as you mention 9200 Puts unwinding so 9200 is expose shai ?
15:21 Chintan : can we carry puts ?
15:22 Saheer : scroll up Chintan, already told yes
15:23 Chintan : +1 ty
15:24 MJ : Glad to save emotional capital to be able to trade this second half.
15:24 MJ : Thanks shai and others.
15:24 MJ : Have a nice weekend.
15:26 Vishnu : bye all nice weekend
15:26 Shai : Bye all
15:26 Shai : Have a super good weekend
15:26 Shai : Catch up Monday
15:26 Uttam : thanks All 🙂 have a wonderful
15:27 Dileep : Thanks shai and all
15:27 Uttam : and relaxed weekend and be SAFE
15:27 Dileep : Happy weekend
15:27 Favas : t\hnks
15:27 Manikandan : bye all, have a gr8 weekend
15:28 Himanshu : bye all
15:29 Tejpreet : Bye All
15:29 Naresh Dubbudu : Thank you everyone. Have a good weekend.
15:29 Dhananjayan : have a good weekend all