Timing is the key to successfully trade the markets in the shorter time frame. Order Flow is one of the most effective methods to time your trades by seeing exactly what the other traders are trading in the market and positioning your bias accordingly.
Order Flow is the most transparent way to trade and takes away the guesswork from decision making.
NF
BNF
Room Chat
09:14 Shai : (09:14) Shai : 31200 call part book at 163 cmp
10:27 Shai : (10:27) Shai : Intra – Buy NF 11953 sl of 11923 tgt 11996 .
11:40 Shai : (11:40) Shai : NF 11974 . Book half here
11:43 Shai : (11:43) Shai : Book fully the NF 11980
12:23 Shai : (12:23) Shai : Buy 12000 pe at 76 sl of 57 tgt 111.
12:41 Shai : (12:41) Shai : Update – Make an exit in the 12000 PE at 71,55 here
14:03 Shai : (14:03) Shai : Intra – Place a BNF buy abv 31315 sl of 31235 tgt 31449. Buy abv cmp 31290
14:17 Shai : (14:17) Shai : Book the BNF trade at 31355 cmp
15:04 Shai : (15:04) Shai : BTST – Buy 12000 PE at 64 sl of 40 tgt 100/ 120
09:01 Shai : GM all
09:01 Shai : https://vtrender.in/market-profile-analysis-dated-10th-june/
09:02 Govind : GM all
09:02 Seema : GM ALL
09:03 Sujeet : gm all
09:04 Uttam : Good Morning All 🙂
09:04 Govind : Looks like another gap up today
09:04 Amjad : gm all
09:08 Uttam : we are ready with the BNF options Shai 🙂
09:09 Sujeet : bnf option book at opening or hold?
09:09 Uttam : it will be updated Sujeet, let the market open & lets see how volumes are
09:09 Sujeet : ok
09:10 Uttam : deinitely part booking call can come if we are in good profit which mostly looks like
09:10 Sujeet : yes gapup so i thght to book ..m dng wth 2 lots nly currently
09:10 Sujeet : not much idea of postn sizing
09:10 Saranjit : Good Morning
09:11 Sujeet : so just trying wth 2 currently
09:11 Seema : 31200 CALL should open above 190 (as Delta is 0.39)
09:11 Uttam : @Sujeet we have an article on Risk Management & position sizing so please go through that & strictly implement them in all your trades
09:12 Sumesh null : mildly bullish
09:12 Sujeet : yes hav read that..its my 1st month so trying with minium risk ..once i get confidence ..wl definately use it
09:14 Shai : 31200 call part book at 163 cmp
09:15 Seema : OPEN and HIGH Same in BNF
09:18 Shai : zone to boucne is 31070- 90 in BNF
09:19 Shai : Make exits in the balance 31200 call
09:19 Shai : could not even last 5 mins 🙁
09:23 Himanshu : NF more reliable tday
09:25 Madhu : gm all
09:25 Seema : Rpeating cycle, gap-up opening,, selling pressure from high, than will bounce from low, than again go up and than come down and will close positive.
09:30 Sumesh null : yup
09:31 Sujeet : cdnt cross pdh..n fell
09:36 Shai : 11913 supp now alomng with 30950 in BNF
09:36 Shai : auction is showing rejecttion of open prices
09:36 Shai : but stll in range
09:37 Seema : YES
09:38 Seema : It should hold yday’s low 11875F
09:39 Seema : But advance decline ratio is not favourable.
09:40 Sujeet : yes…broder market nt at all performed n the rally..
09:41 Seema : Sustaining below 31065, the auction can test 30975-925 / 30885 & 30808-801
09:41 Seema : 1st down target acheived…30975
09:46 Himanshu : India Bull news – hampering show
09:46 Himanshu : Jit r u there
09:46 Seema : Yes…..IBUL news
09:48 Seema : But….they clarified
09:51 Himanshu : let see – this is racket going on
09:53 Seema : charts are not moving
09:57 Uttam : 11960-970 could come in NF
09:58 Himanshu : charts r frozen Chief
09:58 Amit : yes not moving
09:58 Seema : charts r not moving
09:58 Uttam : yes room ones are frozen but the other 2 working
09:58 Uttam : GoToMeeting
10:01 Boppanna : BNF making a move
10:01 Seema : what a pulllback
10:01 Uttam : 11900ce from 62 to 75.4
10:02 Uttam : holdging 50% at cost now
10:02 Uttam : nice greens in that on the OF in the dip
10:02 Uttam : now near prev supply point
10:02 Govind : +1
10:03 Uttam : (09:57) Uttam : 11960-970 could come in NF…11962 so far
10:03 Seema : yes
10:04 Amit : +1 uttam 11850 ce 100-111 50% booked
10:04 Uttam : nice Amit 🙂 +1
10:05 Boppanna : Congrats Uttam
10:05 Uttam : thanks Bops 🙂
10:07 Govind : I.T. is falling suddenly
10:07 Uttam : BNF needs to rise na Govind 😉
10:08 Govind : 🙂
10:09 Govind : Yeah Uttam, money is rotating may be. RIL and ICICI are showing giddyup
10:17 Shai : COT turned blue in this move up from lows
10:17 Shai : most of yesterday’s shorts covered
10:18 Shai : 11917 and 30974 day lows – (09:36) Shai : 11913 supp now alomng with 30950 in BNF
10:18 Govind : Uttam, quick question – the Composite POC of 31020 in BNF that you’ve mentioned in today’s HYPO, is that weekly or monthly?
10:22 Uttam : It’s a composite I have taken after BNF broke down on Thursday leaving that ext handle at 31378
10:22 Uttam : so it is acutally a comp from I period of thursday
10:23 Uttam : BNF has made a 3-1-3 balance after that & yesterday’s first tag of the ext handle was rejected
10:25 Govind : Thanks buddy, 10:22 Uttam : so it is acutally a comp from I period of thursday
10:27 Shai : Intra – Buy NF 11953 sl of 11923 tgt 11996 .
10:37 Himanshu : Uttam – IB in BNF – Will it be – Neutral or Normal Day
10:38 Uttam : so far consolidation in both Himanshu & taking support at yPOC so bias to the upside but needs to made a range ext in the D period now
10:38 Uttam : thankfully no C period ext today 🙂
10:43 Uttam : greens at vwap in both
10:44 Uttam : but need to take out that overlapping RS of 11958 & 31150
10:46 Psandeep : Gm All
10:52 Shai : auction running sideways
10:57 Sujeet : dull day
10:58 Uttam : OAIR and completing the profile on the upside in both
10:59 Uttam : today’s profile looking like a puzzle piece which will fit into yesterday’s profile to make it smoother
10:59 Uttam : no dull day when you follow MP as each day builds up the auction
11:00 Uttam : boom
11:01 Govind : +1 Uttam
11:01 Uttam : good chance of getting a DD up today
11:01 Govind : Nice
11:02 Govind : close to that 11958 RS zone
11:02 Himanshu : That zone is real wall of worry
11:03 Himanshu : if OTF volumes come there – in which direction ?
11:04 Uttam : needs to sustain above 11958 NF
11:05 Natarajan : uttam, how to read COT and Delta. Today all day delta in nifty is -ve but day COt is positive
11:05 Uttam : COT is what we follow Naterajan
11:05 Uttam : so just watch that as that includes entire buying & selling
11:05 Natarajan : how do we arrive at commitment of traders? proprietory?
11:06 Uttam : Delta is just the aggressive orders so may not give real picture at times
11:06 Uttam : some late reds stuck in this 30min NF bar
11:06 Uttam : (11:05) Natarajan : how do we arrive at commitment of traders? proprietory? yes you will need to check with Shai on that
11:07 Natarajan : its fine, i will just check the COT 🙂
11:07 Uttam : (10:44) Uttam : but need to take out that overlapping RS of 11958 & 31150…NF high in this bounce so far 11958.3
11:09 Shai : @Natarajan we worked on COT as delta does not make sense anymore
11:09 Shai : COT is the only way to know the strength or lack of it in a trend
11:10 Shai : I kept it under wraps the formula, only becuase some charting experts would use it to sell their programs 🙂
11:10 Natarajan : so is is similar to delta? any guidance on how its arrived at
11:10 Shai : No other reason
11:10 Shai : okay- let me try to explain
11:11 Shai : delta is volume at bid minus volume at asj right?
11:11 Natarajan : yes
11:11 Shai : and what do I tell you here , how to read the bid- ask?
11:11 Shai : diagonally right?
11:11 Natarajan : yes
11:12 Shai : so you check the bid lower against the ask upper
11:12 Shai : well delta means you check bid and ask at the same price
11:12 Natarajan : got it. Thnaks
11:12 Shai : so tell me how is delta right?
11:12 Uttam : +1 Shai
11:13 Shai : the charting industry is run by people who have not done any trading of their own
11:14 Shai : so they keep promoting delta and cuumulative delta and all that element, when an orderflow trader knows that the entire concept is wrong
11:15 Shai : the orderflow is always read diagonally because bid price and ask price is never ever the same for any instrument
11:15 Shai : check you F% you would know
11:15 Shai : F5**
11:15 Natarajan : Thnaks a Ton shai
11:16 Sujeet : thanks shai for the concept
11:16 Uttam : this is why I always say the room is the best place to learn 🙂 and we get to learn something everyday
11:17 Govind : Yes Uttam, and someone said Dull 🙂
11:17 Suren : Thanks Natarajan for asking and Shai for clarification. We learnt something new tday
11:18 Uttam : MP & OF teaches us when not to trade also so that we are fully prepared when it is time to enter
11:18 Natarajan : so when we see the divergence between net delta and COT, we trust the COT. All along never understtood that Delat/COT table in the 30 mts chart. Now Gyan mila
11:18 MJ : Thanks Shai 🙂
11:18 Uttam : yes Natarajan, I dont even watch the delta so no confusion here 😉
11:19 MJ : Shai yesterday was a nice textbook example on how COT worked.
11:20 Shai : yes
11:20 MJ : Cheif one question, when we are not really tracking delta, is it on the chart for any reason beyond us understanding?
11:20 Shai : I wasted 3 years of my life in undertanding delta 🙂
11:20 Shai : it never worked for my trades
11:21 Uttam : and thanks to you Shai, rest of us are saved of that time 🙂
11:21 Shai : and then the biggest company which promoted delta from 2003 said in 2014 that imabalaces are right 🙂
11:21 Shai : It was sept 2014 I remember
11:21 Uttam : you mean delta divergences?
11:22 MJ : Market Delta?
11:22 Shai : yes that is also bullshit
11:22 Himanshu : Govind – Chief +100
11:22 Shai : the underlying concept of delta itself is wrong
11:22 Shai : and hence every thing which works on the delta logic is wrong
11:23 Shai : Yes MD 🙂 – (11:22) MJ : Market Delta?
11:23 MJ : 🙂
11:23 Himanshu : Chief – You said now we havve turned COT – positive in both
11:23 Shai : they cannot retrace as in the internet age digital footprints are everywhere
11:24 Himanshu : that Means cumulativve COT for the series
11:24 Shai : and all that money they spent on promoting delta is still bringing them hits
11:25 MJ : Chief you are breaking heart of many OFA system sellers right now 🙂
11:25 MJ : Delta is their Buzz word.
11:26 Shai : Forgive my inherent need to educate 🙂
11:26 Shai : rest upto you 🙂
11:26 Govind : Oh please do educate Shai!!!
11:26 MJ : I am glad to adopt it with you. And I am with you on this chief.
11:27 Shai : I believe that if you have to implement a tool in your trading it better be based on logic you can undertand and it better have a real benefit in your trading
11:27 MJ : +100
11:27 Govind : How else amd I going to fill my 10000 hours…..11:26 Shai : Forgive my inherent need to educate 🙂
11:27 Uttam : true that Shai +1
11:27 Sandeep : Why is Delta still shown on the charts ?
11:28 Seema : Shai……if COT postive (day COT) and indxex is going down it means it is trap for shorters, am i right?
11:28 Shai : I track it against COT – (11:27) Sandeep : Why is Delta still shown on the charts ?
11:29 Shai : It means that there is no new supply in the move lower and price will move back – (11:28) Seema : Shai……if COT postive (day COT) and indxex is going down it means it is trap for shorters, am i right?
11:30 MJ : We can have a binary matrix of COT vs Price.
11:30 Shai : In an ideal world COT and Price should move togther, but all traders are not intra day players and some of them are okay with a 200 point SL and won’t close , hence the diverge
11:31 Shai : the variable always is the trader’s time frame
11:31 Seema : ok
11:32 AN : Thanks shai for the beautiful explanation. _/\_
11:32 Shai : Cheers
11:32 Seema : both NF& BNF hovering near VWAP
11:33 Gaurav : Thanks Shai.
11:33 Shai : Like I said, if it makes sense and you undertand it – you will implement on it
11:33 Hardik Jikkar : I have been an oberserver since last 4 days and I must say that I have learnt a lot from this trading room.
11:34 Hardik Jikkar : Thank you shai sir, uttam, and eveyone for this opportunity
11:34 Uttam : nice Hardik & I have been here since 4 years and learning daily even now and that is the beauty of this room
11:35 Himanshu : Uttam – was away ( not to bother Shai again)
11:35 Himanshu : Now that we have both COT and Day COT positive in NF – BNF ( we can say ) PLR is up ward
11:36 Govind : 11958 decisively crossed?
11:36 Himanshu : and I see – Higher low in 30 Mts canfle with Positive COT we can see move upwards –
11:36 Uttam : seems like it is taking out that RS over there
11:36 Uttam : lets see if E exteends higher
11:36 Uttam : 8 min to go
11:36 Govind : E for Extension Uttam 🙂
11:37 MJ : Nice govind 🙂
11:37 Uttam : so we got the D for dip 🙂
11:37 Govind : Haha
11:37 MJ : Take that spot out Govind.
11:37 Govind : Trying MJ…need Himanshu’s help
11:38 Govind : BOOM
11:38 Uttam : 70k green at top?
11:38 Govind : 70k green
11:38 Govind : COT just went to 90k
11:38 Seema : 69k GREEN
11:40 Uttam : (11:36) Uttam : lets see if E exteends higher(11:36) Uttam : 8 min to go
11:40 Shai : NF 11974 . Book half here
11:40 Anubhav null : 12045 coming in nf
11:40 Govind : +1
11:40 Shai : hold some
11:40 Shai : should do 11995
11:40 Boppanna : Someone push that 31200ce above 166 pls
11:41 Uttam : booked 11900ce at 85.4
11:41 Uttam : re-entered the 50% exited part at 72 again so will hold that at cost now
11:41 Govind : Spot close to DH
11:41 MJ : Broken 🙂
11:42 Govind : nice
11:42 MJ : 11978 out Govind.
11:42 Govind : 1lac reds in NF
11:42 Shubro : profit booking?
11:42 Shai : morning buyers covering
11:43 Shai : Book fully the NF 11980
11:43 Govind : Nice trade
11:43 Govind : MOrning lessons in Delta and COT and as a side make some money 🙂 Thanks Shai
11:45 Seema : 1.10L RED
11:45 Natarajan : thanks shai for the lesson . Now was able to see live how the COT worked with the 1 lakh red.
11:47 Shai : it just told us that on the new price higher there was no new demand, hence the booking order
11:47 Shai : why stay in when demand is reducing
11:47 Seema : PROFIT BOOKING?
11:47 Shai : yes
11:47 Uttam : +1 Shai
11:47 Seema : SUPERB
11:47 Amit : + shai 🙂
11:47 Shai : but still strong abv 11955
11:47 MJ : Room mates. Copy today’s COT words and save in your journal.
11:47 Amit : with that 2DT done …
11:48 Seema : YES
11:48 Shai : any trip back to 11955 should get bought
11:48 Seema : YES
11:48 Saranjit : can we have series COT in the charts in blog or slack ?
11:48 Uttam : yes will be a nice bell completing if we are getting a DD
11:49 Shai : can but is not probable. These charts are built to handle a max of 10 days of tick data. anything more will make them unstable – (11:48) Saranjit : can we have series COT in the charts in blog or slack ?
11:50 Shai : after 10 days the previous ones go to 1 min data
11:51 Lakshay : rs in 30 min and 5 min at ibh…. doesn’t it call for shorting
11:51 Saranjit : ok, on the 1st day of new seies, we can have a chart of past 10 days , depicting COT, of the new seies
11:51 Uttam : @Lakshay these reds could be profit booking of the longs
11:51 Uttam : but yes this is supply zone also here in NF
11:51 Uttam : 11980-990
11:52 Uttam : NF took out that RS of 11958 & gave fast 20 points
11:53 Uttam : when you have a OAIR day, this is good enough
11:53 Shai : @Saranjit – https://vtrender.slack.com/archives/C0F2X2TFW/p1559558738002900
11:53 Himanshu : Chief – Ref point for BNF is 30950
11:53 Seema : Shai…suppose we see RED…lets gake eg of 1.10 L nr. 11980, why cant we take SHORT postion , keeping that SL for scalping purpose?
11:53 Saranjit : Shai, in the blog (11:51) Saranjit : ok, on the 1st day of new seies, we can have a chart of past 10 days , depicting COT, of the new seies
11:54 Shai : can if you are quick – (11:53) Seema : Shai…suppose we see RED…lets gake eg of 1.10 L nr. 11980, why cant we take SHORT postion , keeping that SL for scalping purpose?
11:54 Shai : tgt is always vwap or first 18 in NF and 36 in BNF
11:54 Seema : ok..thanks
11:54 Shai : will post – (11:53) Saranjit : Shai, in the blog (11:51) Saranjit : ok, on the 1st day of new seies, we can have a chart of past 10 days , depicting COT, of the new seies
11:56 Seema : 18 points inf NF means it took RS from 11960 and went upto 11980
11:56 Uttam : greens in NF
11:57 Uttam : 12k coming in NF?
12:00 Boppanna : Clean 25 there 11:40 Boppanna : Someone push that 31200ce above 166 pls
12:00 Govind : Congrats Bops
12:00 Boppanna : thx
12:00 Uttam : congrats Bops
12:01 Uttam : more reds at these new highs in NF
12:01 Uttam : 60k
12:02 Boppanna : Fresh shorts looks like Uttam?
12:03 Uttam : lets see if they can take this to vwap & then what happens there
12:07 Natarajan : now all day COt is in red
12:07 Seema : Shai…..on higher level COT is in RED means no buyers, am i correct?
12:07 Himanshu : Yes Minor red to Neutral
12:08 Seema : ok
12:08 Himanshu : now if we see – at Vwap – going postive to Neutral or more negative with higher total volume
12:08 Seema : ok
12:09 Himanshu : Last 2 30 mts candles – Total Vol is also higher
12:10 Seema : yes
12:10 Seema : it is still, buy on dips?
12:10 Seema : near VWAP.
12:13 Uttam : yes
12:13 Uttam : OF needs to show us demand there
12:14 Uttam : from morning we are probing higher
12:14 Uttam : after testing the yPOC and taking support there
12:14 Seema : ok
12:15 Jitender : longs b caustious here
12:20 Himanshu : Jit +100
12:20 Boppanna : timing Jit
12:21 Jitender : bread n butter 🙂
12:21 Himanshu : Bhai – Naam mein hi Jit hai jiske
12:21 Jitender : _/\_
12:21 Jitender : just tat felt ppl here were still holdn or considern longs….
12:21 Himanshu : Applying your entry – etc after telecon
12:21 Jitender : hence disturbed…els wudnt hv
12:22 Jitender : +1 Himanshu
12:22 Himanshu : 31200 PE – 184 Entry
12:23 Seema : (12:22) Himanshu : 31200 PE – 184 Entry…..nice
12:23 Shai : Buy 12000 pe at 76 sl of 57 tgt 111.
12:24 Seema : (12:23) Seema : (12:22) Himanshu : 31200 PE – 184 Entry…..decision is based on COT?
12:25 Uttam : 1.5 IB not tagged in both so planning to give a Neutral Day Shai 🙂
12:27 Himanshu : partly – as OI is 1/3 of 31200 CE
12:28 Himanshu : so retracment can give – fast increase
12:29 Seema : ok
12:30 Himanshu : let say trip to vwap
12:39 Himanshu : Exited 205
12:39 Himanshu : BNF spot above 31200 – rising
12:41 Shai : Update – Make an exit in the 12000 PE at 71,55 here
12:42 Shai : not breaking under dvah
12:45 Jitender : divergence settn up
12:45 Gaurav : NF vs BNF jit?
12:45 Jitender : no
12:45 Jitender : nvr mind
12:46 Boppanna : 31200ce above 182 can give quick 25 IMO
12:46 Jitender : just watch 11990…
12:47 Jitender : fryday sgx nite high also
12:47 Seema : IMO…?
12:47 Boppanna : In my opinion not a trade call just sharing my view here
12:48 Seema : OK
12:48 Seema : What is the meaing of IMO?… Boppanna
12:49 Himanshu : 11989.95
12:49 Gaurav : in my opinion
12:49 Seema : slowely COT is buliding.
12:49 Himanshu : this .95 has some story – Logic was told once
12:50 Himanshu : Reds in BNF at DHI
12:51 Boppanna : Too many reds trailing at cost 12:46 Boppanna : 31200ce above 182 can give quick 25 IMO
12:51 Seema : GREENS IN NF
12:53 Shai : BNF high risk short for 31160
12:53 Shai : sl abv 31265
12:53 Shai : top of yesterday’s singles shows sellers
12:53 Shai : https://mplite.vtrender.com/?symbol=BANKNIFTY&startDate=24-05-2019&nDays=30&tpo=6
12:53 Boppanna : +1 Shai
12:54 Shai : imp phase
12:54 Shai : 1.15 decider
12:59 Shai : -33l and +1620 in last 10 mins at supply
12:59 Shai : BNF
13:00 Shai : -5300 now
13:00 Sujeet : 268 HIGH
13:01 MJ : Below dvah in bnf.
13:02 MJ : Let go please.
13:02 Uttam : a) BNF has immediate supply at 31105 above which it can probe higher to 31160-190 & 31255-288…Done
13:02 Uttam : a) NF needs to get above 11944 for a probe higher to 11970 & 11991-994…Done
13:02 Himanshu : To chalo Uttam – for second pat
13:03 Himanshu : And NF ko be le lo – saath Mein
13:03 Seema : still COT is very high on NF
13:03 Seema : compare to BNF
13:03 Rajeev : What is white line 5-min order flow chart??
13:03 Himanshu : India Bulls gave up – 6 %
13:03 Seema : gya
13:03 Himanshu : after morning clarification was 5 % up
13:03 Seema : gaya
13:04 Jitender : 🙂 (12:46) Jitender : just watch 11990…(12:47) Jitender : fryday sgx nite high also
13:04 MJ : To older members of room do check pday high 11994 🙂 you know what I am saying.
13:04 Himanshu : jit -31300 PE ( this time played safe)
13:05 Jitender : k
13:05 Himanshu : Entry – 208
13:05 Seema : yes
13:05 Seema : IBH 11994
13:06 Jitender : isnt everyone wiser on hindsite 🙂
13:06 Seema : supply zone
13:07 Shubro : hindsite Jit good one. its the actual tashreef thats wise on being kicked
13:07 Uttam : A) Nifty needs to get above 11881-901 for a move to 11936 & 11958-967…Nifty Spot has done this so far
13:07 Jitender : tats hard nw…after so mnt kicks 🙂
13:07 MJ : 6/20 there if older members remember 🙂 used it yest too.
13:07 Uttam : got rejected as it broke below 11881 yesterday & from there did this entire hypo
13:08 Shubro : its a weapon now Jit
13:08 MJ : Has worked for me, and shared with the room earlier.
13:09 Uttam : when you have OF no need to use anything else Mihir 🙂
13:10 Uttam : you used 6/20 to go short & COT to go long yesterday at both extremes Mihir?
13:11 MJ : COT for context. BRN resistance + 6 at dhi.
13:11 MJ : I was short below 11965. I mentioned 11965 from my pov. It was the series vwap.
13:12 Uttam : that 6/20 I did observe for a lot of time but nothing works better than OF/MP combo so at times that can be a distration as you try to find trades where there are none, speaking from personal excperience
13:12 Himanshu : today – IBH ( here is stonger then India Bull Hsg)
13:12 MJ : I have been telling always it is a trick and works brilliantly if mp levels hit that.
13:13 MJ : M
13:13 MJ : My trades first sight is OF and MP ref and then other small things that I check sometimes.
13:13 Uttam : as I said when MP levels hit & OF confirms we do not need anyother confirmation 🙂
13:13 Uttam : and that is what we do in the room
13:14 Jitender : +1
13:14 Uttam : even 7 as a number works and you have a big set of people following that but lets focus on what our expertise in the charts here is
13:15 MJ : Agree, uttam. D
13:15 Uttam : we dont need any magic number as the magic is inside us 🙂
13:15 MJ : N
13:15 MJ : Ignore my keyboard.
13:15 MJ : Sending some random alphabets 🙂
13:19 Uttam : you with Madhu by any chance 😉
13:19 MJ : I was expecting that sooner 🙂
13:19 Uttam : got disconnected 🙂
13:20 Seema : Freinds COT in NF & BNF positive, what it suggest?
13:20 MJ : Mac shift key has been jammed today man.
13:20 MJ : So much struggle today.
13:21 Uttam : extension handle coming in both?
13:21 Seema : Freinds COT in NF & BNF positive, what it suggest?… ready frob BIG UPMOVE?
13:21 Seema : ready for* BIG MOVE?
13:22 Uttam : @Yogesh please follow the chat from morning and even yesterdat we discussed how COT turned positive when NF came down which meant that the shorts were getting out
13:22 Uttam : even today we have been in yesterday’s range making a balance
13:23 Uttam : COT turning positve again means we got new buyeers in the dip
13:23 Seema : OK
13:23 Uttam : and you also have a 37k green stcuk at top
13:24 Uttam : you can expect a big move when we move from a balance to an imbalance & OF confirms inititiative guys entering
13:24 Seema : OK
13:28 Uttam : 11970 RB defending again in NF looks like?
13:29 Uttam : we had that 77k green there as well
13:29 Anubhav : dpoc here
13:29 Anubhav : 11980 is rollover point also
13:30 Shubro : Shai what would you look for now if had to go long and give a call?
13:30 Shubro : large increase in COT?
13:31 Shubro : or IB candle 30 min?
13:32 Uttam : 12000ce has huge OI of 22L so that needs to start coming down for any move above 12k to sustain
13:32 Shai : vol abv 11996F or down below near vwap
13:33 Shai : sellers not doing a good job
13:33 Shai : and is mostly morning longs liquidating rather than fresh supply
13:33 Shai : per the OF that is
13:33 Shai : abv 11997 sharping move to 12030 in a spike
13:33 Uttam : +1 Shai
13:34 Shubro : thx Shai
13:34 Shai : nit trading here well – this is a previous HVN and hence 2 sided trade
13:35 Uttam : one more hour we could continue to balance here before any spike coming>
13:43 Rajiv : Shai BNF short trade still in
13:49 Govind : 1.2 lad reds again
13:49 Govind : lac
13:49 Uttam : (13:21) Uttam : extension handle coming in both?
13:50 Gaurav : 1 L green on top stuck
13:50 Uttam : 12k PE OI starts to increase though by a small margin
13:50 Govind : Day COT just went to -ve
13:51 Uttam : c) Above 11995, NF could move higher to 12016 & 12030-53…first part done
13:51 Uttam : NF tags 1.5 IB
13:52 Uttam : BNF needs to sustain above 31290
13:53 Uttam : 12k ce wrtiers to come under pressure here
13:53 Jitender : yh
13:53 Uttam : big vols in 12k pe
13:54 Jitender : tis wud be incl Sl’s (13:49) Govind : 1.2 lad reds again?
13:54 Jitender : ?
13:54 Govind : COT went down exactly by that number Jit
13:55 Govind : But now back in the +ve
13:55 Jitender : k
13:55 Uttam : there were 2 1.3 L reds in that spike
13:55 Gaurav : SL, would be the 1L green at top
13:55 Uttam : and looks like one of them exited?
13:55 Seema : (13:53) Uttam : big vols in 12k pe…….p
13:55 Jitender : tx Govind & uttam
13:55 Govind : Yes Uttam
13:55 Uttam : 12k pe being written?
13:55 Seema : put writing ?
13:55 Govind : +1
13:56 MJ : Refresh takes that 1L on top out?
13:56 Shai : all the build up from 11970 gone
13:56 Uttam : we needs fresh demand here Shai?
13:56 Govind : Now it is -97k, COT
13:56 Shubro : vamoosh man
13:56 Seema : (13:56) Shai : all the build up from 11970 gone….short buildup?
13:56 Uttam : 11985 sup now Shai?
13:56 Govind : Longs
13:57 Shai : was long build up right
13:57 Rajiv : Jit is BNF in sync
13:57 Shai : 27 k to 127k now neg
13:57 Seema : ok
13:57 Seema : yes
13:58 Sujeet : 0000 at top
13:58 Jitender : Rajiv bnf more buoyant
13:58 Jitender : but the top if tat is tere …in sync
13:59 Jitender : 11990 has 2 go …..else its up
13:59 Shai : 11998 and 12004 are the big reds
13:59 Shai : look like a reversal
14:00 Jitender : k
14:00 Uttam : lets see how ‘I’ period closes
14:00 Shai : 11990 supp
14:01 Uttam : got a feeling 1993 may remain as an ext handle
14:01 Shai : can still do 12030 as long as 11990 holds
14:01 Uttam : +1 Shai
14:02 Uttam : 12033 is 2 IB as well
14:03 Shai : Intra – Place a BNF buy abv 31315 sl of 31235 tgt 31449. Buy abv cmp 31290
14:04 Shai : gibig it space abv the singles
14:04 Shai : looking for 2IB
14:09 Shai : 31300 call for 210 and 254
14:10 Uttam : 31350 small hurdle
14:10 Anubhav : 12015 also trend day vwap i think
14:11 Govind : BNF F trading at a discount
14:11 Govind : just noticed
14:11 Uttam : that was negated Anubhav now it is pull back hihg of RBI day
14:11 Uttam : 12016-1059 are singles
14:11 Anubhav : ok
14:11 Uttam : 12059*
14:13 Govind : HDFCB and ICICI rocking it
14:13 Seema : as usual index management is going on for pump and dump
14:14 Jitender : bnf spot at yday hi Uttam ?
14:15 Uttam : yes Jit above it
14:15 Uttam : 31367 was high yesterday
14:15 Uttam : (13:21) Uttam : extension handle coming in both?
14:15 Jitender : tx
14:15 Uttam : (14:01) Uttam : got a feeling 1993 may remain as an ext handle
14:16 Govind : Your DD in progress Uttam? 🙂
14:16 Uttam : late for a DD now Govind
14:16 Govind : oh ok.
14:16 Uttam : but this ext handle will be imp reference if it is held till EOD
14:17 Govind : Ok.
14:17 Shai : Book the BNF trade at 31355 cmp
14:17 Govind : +1 Shai
14:19 Uttam : 4L addition in 12k PE
14:23 Anubhav : pdh next res in bnf nearbuy
14:23 Uttam : @Shai that 31200ce made a low of 110 & hit the target of 262
14:23 Uttam : 265 high so far
14:23 Seema : yes
14:23 Uttam : super call it was 🙂
14:23 Seema : that was super call
14:25 Seema : (09:25) Seema : Rpeating cycle, gap-up opening,, selling pressure from high, than will bounce from low, than again go up and than come down and will close positive.
14:30 Seema : Everybody was daydreaming for correction 🙂
14:30 Seema : As per Shai 12300 will come
14:30 Seema : June month if for bulls
14:31 Seema : JUNE month is for bulls
14:31 Seema : Go as per OF 😉
14:35 Rajiv : AG says closing at highest level 🙂
14:35 Seema : AG ?
14:36 Rajiv : Ashwani Gujral
14:37 Seema : Ha…Ha….Ha..
14:37 Seema : Lot of people lost money as per his advice.
14:42 Seema : charts frozen
14:42 Himanshu : Uttam – Balancing Now ?
14:44 Govind : 11990 holding so far
14:48 Himanshu : gone
14:48 Sujeet : supply at top?
14:50 Shai : watch the COT for signs – (14:44) Govind : 11990 holding so far
14:50 Shai : not good
14:50 Govind : Yes Shai
14:50 Shai : has gone from -7 to -14 to -21
14:50 Shai : below 11980 take a put home
14:51 Shai : could drop to 11907 / 11915 if 11980 goes now
14:52 Govind : Ok Shai, noted. THanks
14:53 Shai : 10 k went to -1500
14:53 Shai : they are seling this
14:55 Shai : closed at +6k that bar
14:55 Shai : massive fight
14:56 Shai : 11980 still a supp into tom
14:56 Shai : as long as the bull holds that he is safe tom
14:58 Anubhav : hmm
15:01 Uttam : 3:05 move coming?
15:02 Rajiv : Shai NF volumes are terrible
15:02 Natarajan : moddy, yesbank downgrade news
15:02 Govind : Boom
15:03 Govind : 11980
15:03 Anubhav : break it
15:03 Anubhav : fellas
15:03 Seema : broke
15:03 Govind : Just before 3:05 Uttam 🙂
15:04 Govind : COmpleting the profile?
15:04 Uttam : yes nice bell in both
15:04 Jitender : good fun (12:46) Jitender : just watch 11990…(12:47) Jitender : fryday sgx nite high also
15:04 Shai : BTST – Buy 12000 PE at 64 sl of 40 tgt 100/ 120
15:05 Govind : +1
15:05 Jitender : 12k ce writers held fort
15:05 Shai : 13th June
15:05 Jitender : 31200 last PB low in bnf
15:06 Jitender : 1.35
15:06 Shai : 11907 corresponding nos in NF
15:06 Shai : sl abv 12021
15:06 Shai : +1- (15:01) Uttam : 3:05 move coming?
15:06 Himanshu : Jit 31200 Pe – 102 – 145
15:07 Jitender : congo
15:07 Jitender : went up2 2.03xDT ten dwn to 1.15 n back 2x
15:07 Shai : +1
15:07 Jitender : tx
15:07 Govind : Nice Jit
15:08 Jitender : +1
15:08 Jitender : 2.30 2day was first PB bar in bnf
15:08 Jitender : 2-2.30 i misread 🙁
15:08 Shai : -62 and -36COT
15:08 Govind : TO me, today was a perfect lesson in COT and OF and profile trading…thanks Shai for guiding
15:08 Jitender : no doubt
15:09 Shai : if 11950 goes a sharp 50 point slider into close
15:09 Narendra : 12000 pe monthly 118 to 135 …… now done for the day
15:09 Shai : +1
15:09 Uttam : nice Jit & Narendra 🙂 congrats
15:10 Jitender : tx Uttam…
15:10 Jitender : congo to u an all at VT
15:10 Narendra : Thanks guys
15:10 Jitender : COT is gonna save lot of heartburn
15:10 Narendra : today was a grat learning session especially with respect to COT
15:11 Shai : +1
15:11 Narendra : Thanks a lot Shai Sir and Uttam Sir
15:11 Shai : see the COT of 11900 ce and 12000 pe on the screens
15:12 Jitender : yes its time Eagle Eyes is anointed ser (a knight)
15:12 Uttam : @NArendra please dont call me sir _/\_
15:12 Uttam : @Jit aaj meri baari kya 😉
15:12 Jitender : 🙂
15:14 Uttam : close at dPOC looks like as nice bell for the day
15:15 Seema : (15:11) Shai : see the COT of 11900 ce and 12000 pe on the screens…..79/65
15:15 Seema : how to interpreat it Shai?
15:15 Himanshu : think bulls r holding
15:15 Uttam : day COT is -1.9L & +4L Yogst in that CE/PE
15:16 Himanshu : bye all
15:16 Himanshu : Thanks chief – Uttam – Jit
15:16 Govind : Bye Himanshu
15:16 Himanshu : and for right questions on COT
15:16 Himanshu : bye got to go for dentist
15:16 Govind : Ouch
15:17 Uttam : OI reducing in PE as writers forced to cover & increasing in CE as more writing happening is what I suppose
15:18 Uttam : one tag od 11952 will be nice though in next 10mins
15:19 Shai : see the change over at 2.15- (15:15) Seema : how to interpreat it Shai?
15:20 Rajendra : @Shai can we carry 12000 PE closing above 12000
15:20 Govind : SL is 40 Rajendra
15:21 Seema : its BRST
15:21 Rajendra : ok sir
15:21 Seema : sorry BTST
15:21 Azmath : Uttam: VA shift higher right today?
15:22 Seema : (15:19) Shai : see the change over at 2.15- (15:15) Seema : how to interpreat it Shai?…..can u explain?……
15:22 Uttam : yes Azmath overlapping to hgiher Value like yesterday but volumes lower & Value also contracting so sign of bad trade facilitation at higher highs
15:23 Uttam : @Yogesh see what COT was before 14:25 candle in both & what now it shows…massive change in OI in a matter of 60mins
15:23 Vijai : +1 Uttam (15:22) Uttam : yes Azmath overlapping to hgiher Value like yesterday but volumes lower & Value also contracting so sign of bad trade facilitation at higher highs
15:23 Seema : ok..uttam….gr88 learning
15:23 Uttam : 3L plus it was in that 11900ce & now -1.5L
15:24 Uttam : 12000pe COT was -6k & now +4L
15:24 Azmath : Thanks uttam
15:25 Uttam : close is around that HVN & RO point of 11980 so can give a move from here for this week’s expiry?
15:26 Shai : was 306K went to 96k which is long liquidation and then -206k which is new shorts in the CE
15:26 Uttam : that 12k pe getting a green band on 30min in this dip
15:26 Shai : (15:22) Seema : (15:19) Shai : see the change over at 2.15- (15:15) Seema : how to interpreat it Shai?…..can u explain?……
15:26 Seema : thanks Shai
15:26 Shai : puts went from +150K to 403K which is new longs
15:26 Chetan : weekly?
15:26 Seema : Ok.
15:27 Uttam : yes Chetan
15:27 Jitender : one more thing,,,chck 2day & yday bnf high
15:27 Shai : yes
15:27 Seema : To see this we have to open options chart?
15:28 Jitender : expiry between 31.4 & 30.8
15:28 Jitender : fr thrus
15:28 Shai : 600 points
15:28 Uttam : @Shai that 12k pe above 80 can give a fast move to 105?
15:28 Shai : hmm
15:28 Jitender : dont see…30.8 brkn
15:28 Shai : let me know if you see anything at 31000 strike tom
15:28 Jitender : till thrusday
15:28 Shai : am expecting expiry there
15:28 Jitender : sure chief
15:29 Uttam : will keep a check on it tom
15:29 Shai : thanks
15:29 Shai : bye all
15:29 Shai : have a nice evening
15:29 Seema : bye
15:29 Uttam : thanks All 🙂 have a lovele evening
15:29 Thanika : bye all
15:29 Vijai : bye
15:30 Madhu : thanks All
15:30 Madhu : byeee
15:30 MJ : Bye everyone!
15:30 Hardik Jikkar : thanks all.
15:30 Hardik Jikkar : bye
15:32 Natarajan : bye all, great learning day