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
09:15 Shai : (09:15) Shai : BTST- 12000 PE at 80 . Book half here and ride at 64 some
09:33 Shai : (09:32) Shai : 12000 PE at 96 near tgt . Book fully
10:30 Shai : (10:30) Shai : Intra – Buy BNF abv 31035 sl of 30930 tgt 31184. BUt abv only. cmp 31005.
10:35 Shai : (10:35) Shai : Ignore the BNF buy abv trade.**
10:51 Shai : Buy BankNifty 30995 sl of 30920 tgt 31129. Trade smaller size
11:08 Shai : (11:08) Shai : Uopdate – Close the BNF buy at 30965 here cmp
11:21 Shai : (11:21) Shai : Intra – BUy NF 11900 sl of 11868 tgt 11940
12:48 Shai : Book the NF at 11910 cmp . Those holding may want to trail with sl of 11897.
13:19 Shai : (13:19) Shai : Intra – short BNF 30980 sl of 31090 tgt 30860.
13:21 Shai : (13:21) Shai : BNF 30930 book half here
13:26 Shai : (13:26) Shai : Book the BNF fully 30920
15:01 Shai : (15:01) Shai : BTST= Buy 11800 call at 94 sl of 60 tgt 138/158
08:58 Vtrender Live : option charts – https://join.me/838-166-960
08:58 Sujeet : gm all
09:00 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/996696285
09:02 Shai : GM all
09:02 Sumesh null : gm all
09:02 Chetan Panchal : Gm
09:02 Uttam : Good Morning All 🙂
09:02 Chandrashekhar : GM all
09:03 Shai : https://vtrender.in/market-profile-analysis-dated-11th-june/
09:04 Rajendra : Good Morning
09:04 Sumesh null : gap down ?
09:04 AN : Good Morning all.
09:04 Rajan : Good Morning to all
09:06 Sujeet : flat open
09:07 Himanshu : good morning
09:08 Shai : RS at 12004 and 12018 yesterday would give supply for an upmove
09:08 Shai : PLR is lower below 11980 this open with stops abv 12018
09:09 Chetan Panchal : Rs ?
09:09 Shai : 31350 RS in BNF
09:09 Uttam : responsive seller
09:09 Shai : PLR lower below 31240
09:10 Chetan Panchal : and PLR
09:11 Uttam : path of least ressitance
09:11 Chetan Panchal : TY
09:11 Seema : GM…ALL
09:11 Govind : GM guys
09:11 Vishal : GM All
09:11 Shubro : GM all
09:13 Amjad : gm all
09:14 Natarajan : Gm
09:15 Sujeet : boom
09:15 Shai : BTST- 12000 PE at 80 . Book half here and ride at 64 some
09:16 Shai : #Orderflow makes money for us overnight also 🙂
09:16 Shai : 11941 is the congestion zone of yesterday
09:16 Uttam : lovely carry that Shai :+1
09:16 Shai : we see 11907 below 11941
09:16 AN : excellent call Shai. thx.
09:17 Shai : +1
09:24 Uttam : NF remains weak below 11955
09:24 Uttam : and BNF below 31150
09:25 Shai : 301030 coming BNF
09:25 Shai : 31030*
09:27 Uttam : yes 31020 hvn
09:31 Shubro : Shai NF falling on rising COT?
09:31 Shubro : ok ignore COT just fell lol
09:31 Shai : just some bookings of overnights
09:31 Natarajan : is that rising COT, yesterday shorts booking?
09:31 Shai : yes
09:31 Shubro : yeah understanding now
09:31 Natarajan : thanks
09:32 Shai : 12000 PE at 96 near tgt . Book fully
09:33 Uttam : super call Shai
09:33 Uttam : needed that push above 80 that PE 🙂
09:33 Govind : Super trade!!
09:33 Chetan Panchal : So in 15 min candle we can have COT jumping on short covering and then continuing ? is that possible
09:34 Uttam : pink bands galore in that PE Shai, reason to book out fully?
09:35 Uttam : yesterday buyers of that PE booking out
09:35 Uttam : -1.7L COT so far
09:35 Shai : yes
09:35 Shai : 100 is tough
09:35 Shai : was expecting NF equivalent 11907 but we wont wait as oAIR it is
09:35 Uttam : above 100 will be a fresh buy in it Shai?
09:36 Shai : for 114/ 133
09:36 Shai : sl of 86
09:36 Shai : BNF also got some greens
09:36 Shai : may pullback
09:37 Uttam : thanks Shai
09:41 Dr Prajwal : gm shai and all
09:41 Shai : COT is a continuation from yesterday and many sessions before- (09:33) Chetan Panchal: So in 15 min candle we can have COT jumping on short covering and then continuing ? is that possible
09:41 Shai : Let’s not start reading a book from the middle pages
09:42 Shai : a good bounce should give us a neat little short trade
09:43 Uttam : some late reds could get stuck here in NF and could give that bounce Shai
09:43 Uttam : 33k green at 11930 too
09:43 Uttam : dPOC shifting lower
09:47 Shubro : bounce bounce
09:50 Anubhav null : possible?11970
09:53 Shubro : 950
09:53 Uttam : that stuck 47k red exiting?
09:57 Himanshu : Uttam – Day COT in BNF getting – positive..
10:01 Uttam : could be some shorts booking Himanshu, we had -75K COT yesterdat at close
10:02 Psandeep : Gm all
10:05 Himanshu : so day cot is figure for the day and – COT is cumulative of series ?
10:06 Uttam : 90k red at lows?
10:07 Seema : May be SL ?
10:08 Govind : 12000PE is past 100 now…@ 106
10:08 Uttam : we have a probable weekly FA in both NF & BN Spot
10:09 Uttam : if we break 11875 & 30861
10:10 Seema : chart blank
10:11 Uttam : 15:28 Uttam : @Shai that 12k pe above 80 can give a fast move to 105?
10:12 Uttam : *NF hypos for next session*a) NF sustaining above 11980 could test higher levels of 11998-12005 & 12025-30b) Immediate support is in the zone of 11960-954 below NF could fall to 11931 & 11913…Done
10:12 Seema : now ok
10:12 Uttam : b) BNF has immediate support in the zone of 31200-175 below which it could test 31105-065 & 31015…Done
10:12 Govind : +1 Uttam
10:13 Uttam : (09:25) Shai : 301030 coming BNF(09:25) Shai : 31030*(09:27) Uttam : yes 31020 hvn
10:15 Govind : Will C period move this into the D hypo? Will have to wait and see.
10:15 Govind : LL formed
10:19 Uttam : Azmath you there?
10:21 Boppanna : BNF looking to topple?
10:21 Jitender : from fryday high…now we r at its lows
10:21 Jitender : the games fii play 🙂
10:22 Jitender : abt 2 hit lows*
10:24 Govind : Eventually got there..Shai : was expecting NF equivalent 11907 but we wont wait as oAIR it is
10:24 Jitender : +1
10:26 Uttam : 11900ce being written aggressively here
10:27 Uttam : 8L addition in OI
10:28 Seema : (10:27) Uttam : 8L addition in OI…….so it is emerging as a support
10:28 Shubro : no resistance
10:28 Seema : oh sorry….it is call
10:29 Seema : so it will act as resistant
10:29 Seema : you r right Shubro
10:30 Shubro : hey np
10:30 Shai : Intra – Buy BNF abv 31035 sl of 30930 tgt 31184. BUt abv only. cmp 31005.
10:30 Seema : heavy call writing on 11900, 11950 & 12000
10:32 Himanshu : that could be retail writing and BIgies buying – atleast 11900 one
10:33 Sujeet : 31005 or 31035?
10:33 Govind : 31035
10:33 Gaurav : 31035
10:34 Shai : buy is abv dval only
10:34 Shai : till then no strength
10:34 Himanshu : Shit – 875 coming ..carnage
10:35 Shai : Ignore the BNF buy abv trade.**
10:35 Himanshu : 67K red in NF
10:36 Shai : yes bleeding
10:36 Shai : 11886 supp
10:36 Govind : In this entire fall, BNF Day COT has stayed positive….
10:36 Govind : NF is just the opposite
10:36 Himanshu : BNF can go negative swiftly in D – if NF probes below 900
10:37 Himanshu : also Govind yday – was – 75K
10:37 Seema : 12000PE almost doubled
10:37 Chetan Panchal : COT value is for series ?
10:37 Govind : Yes Himanshu
10:38 Kandhasamy : COT MEANS
10:38 Seema : commitment of traders
10:39 Kandhasamy : THANK YU MAM
10:39 Seema : I am not Seema…I m Yogesh
10:39 Shubro : hehehe
10:39 Shubro : yogesh Mam
10:40 Ashish null : hahaha
10:41 Seema : 🙁
10:42 Seema : Mr. Yogesh
10:42 Shai : @Yogesh if you need a change of name please message @vtrender-admin or #helpdesk
10:42 Seema : yes, i want to change name
10:42 Seema : email
10:42 Shai : the system picks up yopur signup name – but that can be changed
10:42 Shai : DM Manoj
10:42 Seema : ok
10:43 Seema : how should i change
10:43 Seema : by email?
10:43 Jitender : mail n admin will do it fr u
10:44 Seema : ok
10:46 Seema : Sent msg on vtrender-admin
10:47 Kandhasamy : SORRY YOGESH
10:48 Seema : its ok
10:51 Shai : Buy BankNifty 30995 sl of 30920 tgt 31129. Trade smaller size
10:53 Seema : Shai…there is alway confusion over option writing, call writing means resistance and put writing means support, but how can we interpret that smart money / big players are long on PUT or CALLS ?
10:58 Shai : I don’t track much of intra day OI but has to do with price versus change
10:59 Seema : I am talking about EOD basis
11:00 Shai : you mean that Suyog calculation?
11:00 Seema : yday was heavy put writing on EOD basis and toady heavy call writing on intraday .
11:00 Shai : or general
11:00 Seema : no
11:00 Seema : EOD basis as per NSE website
11:01 Shai : It’s not something I pay attention to .
11:01 Seema : ok
11:01 Shai : anyone here has an updated view?
11:01 Seema : Means we have to just go accordingly OF
11:02 Jitender : Yogesh chck action from 23rd may…its yo yo
11:02 Jitender : one day up ten dwn broadly
11:02 Seema : YES u r right JIT
11:02 Uttam : @Yogesh which OI are you talking (strike price) plus the series (weekly or monthly)
11:02 Seema : big players are fooling retailers
11:02 Seema : weekly
11:03 Jitender : so on monday…wen 11.9 was being breached..tere was a contra OI increase in 11.9pe
11:03 Seema : (11:02) Uttam : @Yogesh which OI are you talking (strike price) plus the series (weekly or monthly)……weekly
11:03 Jitender : n 11.9 was defended
11:03 Jitender : just look for anamolies in OI
11:03 Gaurav : I take inventory/OI into account for my positional trends, the key is to track changes for 2 or 3 days for trend continuation, just like we track moving averages for price
11:03 Jitender : not absolute
11:04 Uttam : weekly is in play for just 4 days so can be easily manipulated so it is better to follow the monthly OI change for a broader view
11:04 Jitender : if yr OI matches MP lvl…..tats a grt lvl…if u get OF confirmation too
11:04 Gaurav : remeber inventory follows price, so one day change does not impact price
11:04 Seema : Thanks…Uttam
11:04 Jitender : everythn now a days is just another confirmation…nuthn absolute..reign of algo’s
11:04 Seema : Yes …Gaurav
11:04 Gaurav : 2-3 days one side inventory change is what gives good moves
11:05 Gaurav : 1.7L greens
11:05 Uttam : 1.5 IB coming in NF
11:05 Uttam : 11886
11:05 Uttam : d) Below 11913, NF can check lower supports of 11886-880 & 11860-856
11:05 Seema : is it OTF traders?
11:06 Uttam : 0s below it so can be a combo
11:06 Seema : ok
11:06 Shubro : 1.68 SL?
11:06 Jitender : Uttam..maruti 69pe taken at 103 as close yday… 🙂
11:06 Jitender : aur kitna chaegi
11:07 Jitender : chalegi
11:07 Govind : COT turned blue Shubro
11:07 Shubro : yeah so wondering Govind
11:07 Chetan Panchal : 168000 big trade
11:07 Seema : y
11:07 Shai : cover order
11:07 Seema : time to buy CE?
11:08 Shubro : this is a repeat of the other day?
11:08 Shai : Uopdate – Close the BNF buy at 30965 here cmp
11:08 Uttam : (11:06) Jitender : Uttam..maruti 69pe taken at 103 as close yday… 🙂 super Jit 155-160 is res in that PE so part book here
11:08 Uttam : above it can go to 200-210
11:09 Sujeet : 1 lakh at down is buy..
11:09 Sujeet : or cover?
11:09 Sujeet : if fresh buy wd hv gvn spike
11:09 Shai : D is making a LL in BNF
11:09 Jitender : tx Uttam
11:09 Shai : not worth longs
11:09 Shubro : yeah not good
11:09 Himanshu : is buy ..
11:09 Seema : ok
11:09 Chetan Panchal : LL ?
11:10 Shubro : lower low Chetan
11:10 Uttam : above 170 fresh leg up could start in that Maruti 6900pe
11:10 Govind : Lower Low Chetan
11:10 Chetan Panchal : thanks
11:10 Jitender : k Uttam
11:10 Shai : that 1L is a cover order for yesterday’s shorts at 12004
11:10 Chetan Panchal : so its old business
11:10 Shai : still 1L cot today against -1.86 L yesterday
11:11 Jitender : 2day’s price action was supposed to b yday’s….but this is how FII manipulate using their money power
11:11 Jitender : n tats were data is masked
11:11 Shai : hmm
11:11 Jitender : nuthn has changed news wise from day before-today
11:12 Shai : and retail is fully into watching OI figures now 🙂
11:12 Seema : I think, today will be sell on rise
11:12 Jitender : absolutely
11:12 Jitender : i gave watch OI in 2014
11:12 Jitender : gave up
11:12 Govind : Good to know this Shai and Jit
11:13 Seema : (11:12) Shai : and retail is fully into watching OI figures now :)……yes and they are doing opposite
11:13 Jitender : Govind (11:04) Jitender : everythn now a days is just another confirmation…nuthn absolute..reign of algo’s
11:14 Govind : Yes, and the only way to watch tht unfold in by using OF
11:14 Govind : is*
11:15 Jitender : see have yr lvls wrked…dont put emotion or bias in it…ten use tools n guidance at yr disposal….n look at every anamoly with distrust
11:15 Jitender : n ten trend days…if u identify tem..r the contra
11:15 Jitender : but tats hw tradn is
11:15 Yogesh : Name changed… 🙂
11:15 Jitender : congo
11:15 Govind : Yes Jit
11:15 Shubro : Sir Yogesh welcome back
11:15 Govind : Congrats Yo!
11:15 Yogesh : 🙂
11:16 Yogesh : you can call me Yogi also
11:18 Yogesh : Range for NF (Future) is 11800 to 12060
11:18 Paras : is chetan p chetan panchamia ji ?
11:18 Yogesh : biggies r playing in that and eating premium of both side
11:19 Jitender : Shai / Suyog can any quant be worked out…on the fact if D extends C…..we get follow up price action post H ?
11:20 Jitender : with C hi/lo as ref
11:20 Jitender : and A, B as upper or lower boundaries
11:21 Shai : Intra – BUy NF 11900 sl of 11868 tgt 11940
11:23 Deepak : what’s with the all day delta number of 12000 PE ? Is it wrong data.
11:23 Suyog : hi guys.. just wanted to take a general view of ppl here if anyone noticed any slight improvement in mplite page loading.. have done some backend optimisations..
11:23 Deepak : in 10 digits
11:23 Govind : Suyog, loading is much quicker now
11:24 Suyog : thanks, Govind..
11:24 Yogesh : yes, loading fast
11:24 Shai : yes Deepak looks like an error there
11:24 Deepak : ok
11:24 Suyog : @Jit will try to work on it.. should be do-able
11:24 Shai : sounds good – (11:19) Jitender : Shai / Suyog can any quant be worked out…on the fact if D extends C…..we get follow up price action post H ?
11:25 Jitender : tx guys
11:25 Shai : shoukd work well if A+B is bigger than avg ATR
11:25 Shai : when IB is bigger
11:25 Suyog : thing is there are lots of contextual things too to consider esp with weekly expiries too
11:26 Jitender : just llok at pure price action…SD wrks very well inspit of everythn
11:26 Suyog : also, as per old chat.. agree on ur comment of yest vs today price action.. FIIs are gaming it differently since the margin hike happened.. if you noticed, yest DIIs were short
11:26 Jitender : +1
11:27 Suyog : i have been noticing this DII action since same period now.. they should not be ignored.. imo
11:27 Jitender : agree
11:28 Jitender : have mentioned multiple times…dii have started playn weeklies
11:30 Yogesh : (11:14) Govind : Yes, and the only way to watch tht unfold in by using OF(11:15) Jitender : n ten trend days…if u identify tem..r the contra(11:21) Shai : Intra – BUy NF 11900 sl of 11868 tgt 11940…….can u explain me logic behind taking this trade for my learning purpose?
11:30 Shai : supplying drying up
11:30 Suyog : but yh, have to be very careful with OI reading and ST trades.. OI can be gamed with different series in options.. have observed this closely.. so, never think that FIIs have added pos in a particular series.. they game it at different levels
11:30 Yogesh : Ok.. but demand also not coming
11:30 Uttam : dPOC moves to 11891 thanks to that 1.7L guy
11:31 Shai : this COT of 153100 balances the -144400 we saw yesterday at 12015
11:31 Shai : su pullback due per tape
11:31 Yogesh : yes
11:31 Yogesh : gr8888
11:31 Suyog : i have come to believe.. OF reading is the best thing for ST trades..
11:31 Shai : it’s never a V so expect some dancinga round here for which we have a 14 point filter around day lows
11:32 Uttam : close below 11875 if happens today / tom opens up 11750
11:32 Shai : yes
11:32 Uttam : weekly FA gets confirmed at 12023
11:33 Shai : expecting 11650 F in that case
11:33 Uttam : if that hapopens
11:33 Shai : this guy has not bounced yet
11:33 Shai : 11907/ 31030 first levels to monitor a bounce
11:34 Uttam : (10:26) Uttam : 11900ce being written aggressively here(10:27) Uttam : 8L addition in OI OI change now at 16L in that 11900ce, PCR below 1
11:35 Uttam : but issue is OI of 11900pe not going down so these new writers could get into trouble
11:36 Yogesh : (11:31) Shai : this COT of 153100 balances the -144400 we saw yesterday at 12015…….where can v see COT of 153100?
11:36 Shubro : 11:15 candle ?
11:36 Shubro : 162150
11:37 Yogesh : it 162150
11:37 Shubro : yes increased since Shai message right Shai?
11:38 Jitender : Shai..tab 2 pls
11:38 Yogesh : Shai massaged on 11.31
11:38 Shubro : ok then wait for Shai
11:38 Yogesh : and 11.15 COT 162150
11:39 Shubro : oh E lower low
11:39 Shubro : BNF bajayega aaj Jit?
11:40 Jitender : looks like it
11:40 Jitender : wanted Shai’s view on it
11:40 Shubro : hmm
11:41 Jitender : juts fishing in it….after a long time…so wanted to chck
11:41 Jitender : wat do u think ?
11:42 Shubro : asking me or Shai?
11:43 Jitender : u also..since u trade in it
11:44 Shubro : overall indicates this is looking uncertain na?
11:44 Shubro : techniclly only no news yet
11:44 Jitender : -ve div settng in it
11:45 Shubro : slowly
11:45 Jitender : yh
11:45 Jitender : 5 pt dpread in its options
11:45 Jitender : spread
11:47 Himanshu : jit – 30 mts chart on TA – suggest bounce due now
11:47 Uttam : (11:36) Yogesh : (11:31) Shai : this COT of 153100 balances the -144400 we saw yesterday at 12015…….where can v see COT of 153100? yesterday check the biggest COT of the day it was at 2:15 I thnk & todat we have the biggest COT at +1.6L in the 11:15 bar so Shai meant this I feel
11:47 Shubro : (11:45) Jitender : spread on the put side you mean?
11:48 Uttam : we had a -2L COT against +1.6L
11:49 Uttam : so those sellers in that move above 12000 yesterday have booked out
11:52 Jitender : bnf (11:47) Himanshu : jit – 30 mts chart on TA – suggest bounce due now ?
11:52 Jitender : ys
11:52 Jitender : (11:47) Shubro : (11:45) Jitender : spread on the put side you mean?
11:58 Jitender : kite has started live OI charts
11:59 Chetan Panchal : In nifty OF chart for 30 min . red box represents ?
12:00 Govind : Seller imbalance
12:01 Uttam : @Shai super insight about the COT, we can even take it on the 30mins OF? like 11900pe had a 4L plus COT in the 2:45-3:15 bar which was also an IB at 23 so that was a good carry (BTST), today open again gave a IB at 31 which coud be taken as TSL & made high of 50+
12:01 Himanshu : BOOM to Vwap
12:01 Jitender : +1
12:01 Rushabh : 0s in BN?
12:02 Suyog : hmm, so retails would watch this even more closely now 🙂
12:02 Himanshu : that 1L – In NF booking out shorts gave some confdo
12:02 Suyog : *OI Data, @Jit
12:02 Sujeet : 11920 to watch for
12:03 Himanshu : Shai – am in BNF long 30990 – Can I book at Vwap or hold till day end
12:03 Shai : yes Uttam- (12:01) Uttam : @Shai super insight about the COT, we can even take it on the 30mins OF? like 11900pe had a 4L plus COT in the 2:45-3:15 bar which was also an IB at 23 so that was a good carry (BTST), today open again gave a IB at 31 which coud be taken as TSL & made high of 50+
12:03 Shai : everone and their donkey was writing 11900 puts yesterday but some smarties covered and went long in that candle you mentioned
12:04 Uttam : thanks Shai, need to give more importance to individual COT from now as well
12:05 Govind : https://vtrender.slack.com/archives/C0F31QRN3/p1560320562002400
12:06 Govind : Here is Shai’s explanation Yogesh, can’t get any clearer than this.
12:08 Govind : Uttam, ‘b’ forming in BNF?
12:09 Uttam : could be Govind as OTF down stopping in this bar htough 5 more mins to go
12:09 Govind : ok.
12:11 Anubhav null : need to cross ibl for upside
12:13 Sujeet : looks like spike done?
12:13 Jitender : 19 yrs 2 nf today
12:13 Jitender : as per cartoon tv
12:14 Govind : 🙂
12:29 Himanshu : Uttam – B confirms closing in centre – so down move done in BNF
12:32 Shai : one time frame stopped
12:32 Shai : now for a pullback
12:33 Himanshu : +1lk K
12:34 Himanshu : I mean +1000000
12:34 Himanshu : am still long in your BNF F long call – with 920 SL
12:36 Shai : oh good
12:36 Shai : works up abv 31030
12:40 Sujeet : boom
12:41 Sujeet : 34k at top?
12:42 Sujeet : he got stuck .
12:43 Madhu : 34k at top?@hi is byer r sellerr r SL
12:44 Sujeet : ws buyer ..stuck now
12:44 Sujeet : need to move abve that.. below 11900 he wl hv tough time
12:46 Sujeet : abve 11915
12:47 Chetan Panchal : above OF candle we have three figures. Each represents ?
12:47 Uttam : yellow – vlume
12:47 Uttam : blue – COT
12:47 Uttam : white – delta
12:47 Shai : Book the NF at 11910 cmp . Those holding may want to trail with sl of 11897.
12:48 Chetan Panchal : ty uttam’
12:48 Sujeet : again .. spike
12:48 Shai : struggling near vwap
12:49 Shai : 11897 TSL if want to stay
12:52 Vijai null : thanks shai..BNF 30900CE 160-200 nice move.
12:52 Shai : +1
12:53 Shai : NF struggle at vwap confirms that this is all old business still
12:56 Kiran : what does old business mean?
12:56 Uttam : the greens we saw today are shorts who are covering & not new bueyrs
12:56 Uttam : if it was new business then buyers would have taken auction abv vwap
12:57 Kiran : oh ok…
12:57 Shubro : so PLR down based on that
12:57 Shubro : ?
12:57 Chetan Panchal : b shape forming on both profiles
12:57 Shubro : despite one time frame stopping Uttam?
12:59 Uttam : we need new business to come in for a fresh move, either side
12:59 Shubro : hmm
12:59 Chetan Panchal : nifty YL is 11917 we are resisting there only
13:00 Anubhav : 11830 tag possible today below 11880?
13:00 Uttam : for now stuck in a range but yes PLR down so can spike lower if we do not get above IBL/dvah
13:00 Uttam : 11912 was morning IS so we are resisting there
13:02 Himanshu : exited BNF – 31015 -Chief – not working
13:02 Anubhav : hmm soabove 11920 approx only we can get a bounce
13:02 Uttam : 11913 was esrlier hvn & vpoc which was broken & is not acting as resistance
13:02 Himanshu : boooom
13:02 Uttam : 11940 coming?
13:02 Himanshu : Booooom
13:03 Himanshu : see and I exited – so that it can go up
13:03 Anubhav : lol
13:03 Shubro : hahaha Himanshu
13:03 Himanshu : sometime – we have to think about all other traders also
13:03 Jitender : fr tat Himanshu u have 2 take a shrt
13:03 Jitender : doubly sure 😉
13:03 Anubhav : chalo fir 11973 hi ayega
13:03 Himanshu : any way short 30800PE and 30700 PE – will make – Daily Wage out
13:03 Uttam : lol Jit
13:04 Himanshu : Jit – Itna bhi Manhus nahi hun abtak
13:04 Uttam : 11900 sup in NF
13:04 Himanshu : Bus limited – DT is allowed
13:04 Jitender : luv u bro (13:04) Himanshu : Jit – Itna bhi Manhus nahi hun abtak
13:04 Jitender : just kiddn
13:04 Himanshu : haha
13:04 Himanshu : me too
13:05 Jitender : kiddn or the love part 😉
13:05 Himanshu : some how _ I keep watching Bird BNF when it moves 400-500 Points
13:05 Himanshu : and al i can make is PE shorts – 30-40 Bucks max
13:05 Himanshu : whenver – enters Futures – no luck
13:06 Himanshu : Jit – Bought – 30800 CE at 235 –
13:06 Himanshu : Will sell only at 450
13:06 Jitender : hedge
13:06 Uttam : play to your strength always Himanshu
13:06 Jitender : +1
13:07 Himanshu : yes Uttam ( Said)
13:08 Himanshu : Chief – your long call can work now is 31030
13:14 Shubro : struggling at IBL both?
13:15 Yogesh : not able to sustain above VWAP
13:17 Shubro : call the bhains …bath time coming
13:17 Jitender : told u (13:06) Himanshu : Jit – Bought – 30800 CE at 235 -(13:06) Jitender : hedge
13:17 Anubhav : 11830 coming
13:18 Sujeet : frsh shrts?
13:19 Yogesh : (13:17) Shubro : call the bhains …bath time coming……HA…HA..HA
13:19 Shai : Intra – short BNF 30980 sl of 31090 tgt 30860.
13:19 Shubro : lo aa gaya
13:21 Govind : Boom
13:21 Jitender : yesssss
13:21 Shai : BNF 30930 book half here
13:21 Jitender : +1
13:21 Jitender : kya bola 🙂 (13:17) Jitender : told u (13:06) Himanshu : Jit – Bought – 30800 CE at 235 -(13:06) Jitender : hedge
13:22 Uttam : 1L green at new lows in NF
13:22 Govind : Nice timing Shai!
13:22 Uttam : 22k in BNF
13:22 Govind : Yes Uttam
13:22 Shubro : COT gave indication
13:22 Shubro : verry good Shai +100
13:22 Suyog : ah that 1 PM quick trade.. Shai should trademark it 🙂
13:23 Jitender : JMD
13:23 Jitender : Wed Suyog….
13:23 Anubhav : nice shakeout
13:24 Jitender : tats y said (13:06) Jitender : hedge
13:24 Jitender : ripped the entire move
13:24 Anubhav : yeah
13:24 Anubhav : sab bhaage
13:24 Suyog : yh.. Shai has perfected this setup..
13:25 Shai : works no all the time 🙂
13:25 Suyog : +1
13:25 Shai : was thinking they would give a fatter bounce
13:26 Shubro : more to come?
13:26 Yogesh : 1.06 GREEN
13:26 Jitender : +1000 (13:24) Suyog : yh.. Shai has perfected this setup..(13:25) Shai : works no all the time 🙂
13:26 Shai : Book the BNF fully 30920
13:27 HPandey : late seller in NF shai?
13:28 Yogesh : may be sl/profit booking
13:28 Shai : cover orders thos eare again
13:28 Shai : old business
13:28 Yogesh : ok
13:29 Shai : still looking o short one more bounc ein BNF near 31000 for 30860 close
13:30 Govind : +1
13:32 Kiran : these are spot or future price sir?
13:32 Yogesh : future
13:32 Kiran : ok
13:32 Yogesh : always future
13:32 Govind : Raghuram Rajan is apparently on the shortlist of candidates for the post of governor of Bank of England
13:33 Shubro : U Patel will forward CV if that happens
13:33 Govind : Haha:)
13:33 Shubro : whats he up to these days anyways? Professor or hedge fund?
13:34 Govind : Chicago Booth School of Business
13:34 Shubro : no U Patel
13:34 Govind : Oh, no idea bro
13:34 Shubro : hes the FII who shorting the market
13:35 Shubro : the fun story yest was Arvind Subramaniam saying our GDP total bull
13:35 Kiran : do you follow any stock sir? or only index?
13:35 Shubro : i prefer Bhains
13:36 Govind : Arvind says our GDP numbers are bs?
13:36 Shubro : yeah.
13:37 Govind : nice pullback Shubro
13:37 Govind : by NF
13:37 Shubro : https://www.livemint.com/news/india/india-s-gdp-growth-overestimated-by-2-5-during-2011-2017-arvind-subramanian-1560239804132.html
13:37 Shubro : trying to defend 900
13:38 Govind : Yeah, so all of this happened under his nose presumably
13:38 Uttam : morning 1.7L green came at 11890
13:38 Anubhav : small scalp done in 12k monthly call 68-74
13:38 Uttam : and noe this 1L at 11882
13:38 Shubro : +! Anubhav
13:38 Anubhav : based on that green dot
13:38 Shubro : +1
13:38 Uttam : both those big sellers yesterday at 12005 & 12020 seem to have got out
13:38 Shubro : bull above 935 only no Shai?
13:39 Govind : Nice one Uttam….13:38 Uttam : both those big sellers yesterday at 12005 & 12020 seem to have got out
13:39 Anubhav : if it takes vwap now wont come down i feel
13:39 Uttam : both Nifty spot & NF have had a look below the weekly IBL so looks an interesting week ahead
13:40 Govind : yeah, with wekly expiry tomorrow
13:40 Uttam : if one of the weekly FA’s get confirmed on closing basis tom or day after
13:40 Shubro : whats the wekly IBL both Uttam?
13:42 Uttam : 11875 & 11872
13:42 Anubhav : uttam is it ok to sell 11800 put at 9 for tomorrow?
13:42 Uttam : NF yet to break below it sorry
13:43 Shubro : thanks a bunch Uttam
13:43 Anubhav : lots of of supports in between so might expire zero
13:43 Uttam : @Anubhav Jit will be the best person to answer that as I hardly sell options
13:43 Natarajan : how do we calculate weekly initial balance ? in day we use 1 hr, in week what it is?
13:43 Uttam : but it will depend on how we close today
13:44 Anubhav : @jit ur view plz?
13:44 Uttam : I take it as 5 hour high / low Natarajan
13:44 Shubro : shorty shorty time again
13:44 Natarajan : 5 hr high low of Previous Monday?
13:44 Shubro : ?
13:44 Anubhav : hmm
13:44 Jitender : Anubhav sell 11.9ce/pe
13:45 Uttam : 5 hour h/l of the week so yes it would be Monday’s
13:45 Jitender : u will get 9 easily…if u manage it
13:45 Natarajan : thanks uttam
13:45 Anubhav : ok let me see
13:45 Anubhav : thnx
13:45 Uttam : yes that 11900 combo has been going downhill
13:45 Uttam : opened with a drive down today
13:45 Jitender : or 11.9ce/11850 pe
13:46 Jitender : tats at 43 odd
13:46 Jitender : 47
13:46 Uttam : 80 will be the SL for that 11900 combo on 15min closing basis
13:46 Uttam : its 70 now
13:47 Shubro : b profile can give spike lower today Uttam?
13:47 Uttam : yes Shubro
13:47 Uttam : but we have that 55k red stcuk at lows
13:48 Uttam : he needs to get an exit first
13:49 Shubro : hmm
13:51 Jitender : Anubhav if u have margin do a butterfly with 11.9 as head…good returns in it
13:55 Anubhav : abhi ratio call daala hai ek 11900 buy n 11950 double sell
13:57 Jitender : k
13:57 Anubhav : low risk
13:57 Jitender : but db
14:02 Anubhav : todo re vwap yaar
14:09 Gaurav : koi bank nahi gaya aaj?
14:09 Shubro : aila re
14:10 Gaurav : finally moved
14:10 Anubhav : YESS
14:10 Himanshu : Boom
14:10 Shubro : COT flying
14:10 Himanshu : mere karam arjun 30700/600/PEs
14:11 Himanshu : this gentleman at 11640 – at 31012
14:11 Himanshu : think I know him
14:12 Himanshu : lasst time also he was there at tail above vwap
14:12 Anubhav : ab ki baar…
14:12 Himanshu : Hope he is not AG
14:12 Himanshu : Ae vatan Ae vatan ..
14:13 Anubhav : wah wah
14:13 Jitender : 🙂
14:13 Anubhav : gaye stops
14:13 Anubhav : lol
14:17 Sujeet : 1.2 lkhs green
14:17 Gaurav : BNF sleeping again
14:17 Himanshu : awa awa
14:18 Anubhav : 11934 tagged
14:20 Natarajan : COT is very big, can we expect this will result more raly?
14:21 Psandeep : Guys any suggestion.On trial basis I’m going to train someone for trading. Looking to buy a laptop for him to run trading software like nest and other normal ones. Not an expensive one as If does not wotk laptop will become unused and if the idea works i will gift the laptop to the person.
14:22 Yogesh : depend on your budget.
14:22 Psandeep : Will these 30K laptop works ?
14:23 Anubhav : yes gud enought
14:23 Psandeep : I see few on amazon not much
14:23 Psandeep : *not much idea
14:23 Psandeep : Any suggestion in particular ?
14:24 Sandeep : No offence but can u guys move non-mkt discussions to Slack
14:24 Anubhav : reds again
14:24 Anubhav : that was quick
14:24 Uttam : 11940 obj done in NF
14:24 Psandeep : If anyone using in that budget, please share link
14:24 Psandeep : Why so serious ? (14:24) Sandeep : No offence but can u guys move non-mkt discussions to Slack
14:25 Anubhav : if vwap holds now uttam them anothe rleg upto day high?
14:25 AN : PSandeep, Please train me, i will bring my own laptop 🙂
14:25 Uttam : @PSandeep time for action in market so lets focus there
14:25 Sandeep : Arre not serious but relevant stuff gets lost sometimes. Its not u, its me 🙂
14:26 Psandeep : Already done for day so focusing on other requirement(14:25) Uttam : @PSandeep time for action in market so lets focus there
14:26 Gaurav : dvah rejection on both
14:27 Gaurav : on for dval
14:27 Uttam : not everyone as smart & fast as you sirji 🙂
14:27 Anubhav : yeah
14:27 Boppanna : +1 Gaurav
14:27 Gaurav : i am not short, i just booked by longs at dvah
14:27 Anubhav : vaise lenovo laptops are value buy just browse on amazon
14:27 Psandeep : Then why instructing me to focus on market bhaiji ?
14:28 Gaurav : glag got a complete fill
14:28 Gaurav : *glad
14:28 Uttam : (14:27) Psandeep : Then why instructing me to focus on market bhaiji ? So that others can follow the conversation on market
14:28 Psandeep : Anyway I am done for day…leaving…Thanks everyone.. Sorry if anyone hot hurts
14:29 Uttam : first hour & last hour is where action is most
14:29 Psandeep : *got
14:30 Anubhav : tug of war at vwap again
14:30 Yogesh : uttam on 2.20pm candle NF came down with very heavy volume
14:31 Yogesh : 2.39 L
14:31 Yogesh : time to buy PE
14:31 Sujeet : should bounce tmrw.. No fresh selling..1.2 lkh postve?any view
14:32 Yogesh : this game is going on long……today down, tmrw up.
14:32 Natarajan : tomorrow RBI OMO, normally bank nifty ralies on ths day, i think
14:32 Shubro : NF doesnt hold 900 and hits 11860 bad news for tomorrow
14:33 Sujeet : but if goes below 11900..tht buyer wl hv to exit and wl gve nice fall
14:34 Yogesh : Tomorrow RBI is pumping money into systeam
14:34 Anubhav : broken vwap n again up ..damn algos!!
14:35 Yogesh : (14:30) Yogesh : uttam on 2.20pm candle NF came down with very heavy volume….UTTAM your view
14:35 Yogesh : (14:30) Yogesh : uttam on 2.20pm candle NF came down with very heavy volume……Uttam…your view pls.
14:35 Shubro : good to short now Shai?
14:35 Uttam : yes Yogesh watch the POC of that candle now
14:36 Uttam : spike down can come
14:36 Chetan Panchal : white horizontal line is poc of the candle
14:36 Uttam : yes Chetan
14:37 Chetan Panchal : and blue in 5 min is poc too
14:37 Uttam : it should be at the same place right?
14:37 Yogesh : (14:35) Uttam : yes Yogesh watch the POC of that candle now……POC of 2.20 candle?
14:38 Yogesh : Uttam….how we will POC of 2.20pm candle?
14:38 Uttam : 11935
14:39 Uttam : blue horizontal line
14:39 Gaurav : blue horizontal line
14:39 Boppanna : done14:27 Gaurav : on for dval
14:39 Yogesh : ok
14:39 Yogesh : gr88
14:40 Yogesh : Ok, noted POC of that candle, then what will be the nxt step?
14:42 AN : Shai, bnf 860 target still on for today?
14:43 Gaurav : POC near highs is RS, also that POC was overlapping with POC of last bar, both those POCs in 5 minute charts had decent RS arounf 935
14:43 Yogesh : ok
14:45 Shubro : trying hard to crash this party
14:46 Yogesh : waiting for IS
14:47 Bhupinder : what is yellow horizontal line at 11930.40?
14:47 Anubhav : hmm hmmm
14:48 Yogesh : developing value area high
14:48 Uttam : @Anubhav did you short that 11900combo?
14:48 Uttam : 9 points aa gaya usme
14:48 Yogesh : am i right Uttam?
14:48 Bhupinder : Yogesh, dvah is at 11929
14:49 Shubro : now 3:05
14:50 Uttam : move already in play Shubro
14:50 Jitender : both have gvn bps (13:44) Jitender : Anubhav sell 11.9ce/pe(13:45) Jitender : u will get 9 easily…if u manage it(13:45) Jitender : or 11.9ce/11850 pe
14:50 Jitender : 7 bps
14:50 Uttam : +1 Jit
14:50 Anubhav : no ..but shorted 11700 20 june put usme got 5 points on the bounce
14:51 Anubhav : margin issue tha
14:52 Anubhav : n 11900-11950 still open
14:52 Anubhav : call ratio
14:52 Uttam : BNF tagged the 1.5 IB move down to the dot
14:52 Jitender : iits debit..u mite loose the diff…if we keep going dwn
14:52 Jitender : Anubhav
14:53 Anubhav : hanji limited debit hai 2-3 points only
14:53 Anubhav : total
14:53 Jitender : always try credit fr expiry…is my view
14:53 Uttam : new lows coming in both looks like?
14:53 Anubhav : ok thnx jit
14:54 Uttam : COT is big positvie in both though
14:54 Anubhav : 🙂
14:54 Uttam : the only concern
14:54 Yogesh : now negetive
14:54 Uttam : 11910 & 30980 on watch
14:54 Anubhav : dunno what otf has in mind
14:54 Anubhav : today
14:55 Anubhav : maybe they also eating option premium
14:55 Anubhav : on both sides
14:55 Uttam : let that 11900 combo come down to 50
14:57 Uttam : BNF jumoing
14:58 Anubhav : again up damn
14:59 Shubro : algos playing SL hunts?
14:59 Anubhav : yeah
15:00 Anubhav : spike up?
15:01 Shai : BTST= Buy 11800 call at 94 sl of 60 tgt 138/158
15:01 Govind : May be this is why it went back up? 14:54 Uttam : COT is big positvie in both though
15:01 Shai : weekly option May 13
15:02 Anubhav : gogogo
15:03 Shubro : 11900 defended
15:04 Uttam : Shubro giving new 3:05 move?
15:05 Anubhav : 🙂
15:05 Shubro : interesting
15:07 Anubhav : maybe at 3.15 move when intra guys have to square off
15:09 Shai : won’t move
15:10 Shai : shoukd clsoe here
15:10 Shai : b profile
15:10 Uttam : sellers doing bad job today Shai?
15:11 Anubhav : i is the buying tail?
15:11 Shai : 3 day composite woith no fresh supply at lows
15:11 Uttam : 11941 & 11976 can come if we open above & stay above dPOC of today?
15:11 Shai : mean reversion play tom
15:11 Shubro : mean being where for NF shai?
15:11 Shubro : last 3 day profile?
15:11 Govind : So, ‘b’ profile will be completed into a bell curve Shai, tomorrow?
15:12 Sujeet : expiry wd be lower but might open gapup looking by OF
15:13 Shai : expecting one test of 11980 and back down to 11940 for tom
15:13 Shubro : hmmmm nice
15:13 Shai : RR just favoring some longs at close else there in nothing in it
15:13 Shai : below 11870 it is the sellers all the way
15:14 Shai : going with deep ITM call as we donlt want to lose prem’
15:15 Shai : 11984- 11815 range for tom
15:15 Shai : 31300- 30700 in BNF
15:17 Chetan Panchal : RR/
15:18 Chetan Panchal : ?
15:18 Hardik Jikkar : risk reward
15:18 Anubhav : is 11900 put being written as per option charts?
15:19 Uttam : 11900ce had been written today and those writers could get into trouble tom
15:19 Uttam : although OI has come down from highs of the day
15:21 Anubhav : ok
15:24 Govind : Nice move this
15:25 Anubhav : yeah 3.15 algo took 20 points up
15:25 Anubhav : n bnf 50 poiny
15:26 Shai : yes
15:26 Shai : inching up
15:28 Uttam : 11900ce writers getting out
15:28 Anubhav : hehe
15:28 Uttam : OI back to 18L
15:29 Shai : Bye all
15:29 Govind : good volumes in the last 15 min candle
15:29 Shai : Have a nice evening
15:29 Anubhav : bye cya
15:29 Yogesh : Bye to all
15:29 Shai : 11800 call COT stayed positive
15:29 Chetan Panchal : bye
15:29 Govind : Bye guys…another day of solid learning and earning
15:29 Shai : 11900 cot shows writing
15:30 Yogesh : ok
15:30 Uttam : which is why no part booking in that CE also Shai 🙂
15:30 Uttam : thanks All 🙂 have a lovely evening
15:30 Yogesh : bye
15:30 Chetan Panchal : @ uttam OI back to 18 Lkah ?
15:31 Chetan Panchal : which instrument
15:34 Uttam : 11900ce Chetan had gone upto 30L
15:36 Chetan Panchal : ya the OI came down to 12 lkh
15:36 Himanshu : bye all
11:38 Jitender : Shai…can bajaj fin wb shrted here ?
11:49 Shubro : BAJ FIN short signal my end Jit
11:50 Shai : 3475 a swing supp but yes weak below 3510 intra
11:50 Shai : I’ll consider new shorts though only below 3492 not here
11:52 Jitender : tx
13:12 Anubhav : longs in yesbank?