Many traders are looking for information on how to use market conditions to find good trades. Order Flow is best understood as a way to see existing bias in the markets. Order Flow helps us understand who is in control of the market and who is ‘upside down’ and likely to make exits from that position in a loss.
Volume Profile and Order Flow are very good tools to assist you in trading. You can also use it along with your existing setup.
NF
BNF
Room Chat
08:52 Suresh : GM Team
08:53 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/379950973
08:53 Chandrashekhar : GM all
08:54 Vtrender Live : 5 min charts – https://join.me/518-300-833
08:55 Vtrender Live : 5 min BNF charts – https://zoom.us/j/8647754788?pwd=MXN6azg0OGFwQVhFMTlvY0c5U2ZJZz09
08:56 Manik : GM all
08:56 Ravi : good morning all
08:58 Gopi : gm all
08:59 Sadees : GM All
09:01 Shai : Gm all
09:01 Gorahate : Gm all
09:01 Uttam : Good Morning All 🙂
09:01 Shai : 11455 ref line for the open today
09:01 Shai : watch to see if the selelrs respond at 11505- 11525
09:02 Shai : else we amy shoot higher all day
09:02 Shai : 22370 ref line in the BNF
09:02 Manikandan : GM All
09:02 Shai : 22700 is the supply
09:05 Ankit Shah : gm all
09:05 Tejaswini : gm all
09:05 Naren : Hi Shai Good morning
09:07 Vyom : gm all
09:07 Naren : Hi Uttam,Jit,TP,everyone GM
09:07 Uttam : hey Naren 🙂 good to have you back in the room
09:09 Yashasvi bhuta : good mornign
09:09 Bhuvan : good morning
09:10 Himanshu : GM all
09:11 Krantik Bordoloi : GM
09:12 Shai : wb Naren
09:12 Shai : imp 3 days coming for Sept settlement
09:13 Shai : 11440- 11455 is a strong base
09:13 Jitender : Gm Naren….
09:14 Tejpreet : GM All.
09:15 Tejpreet : WB Naren
09:19 Himanshu : covd – 22500 PE & 22K PE Oct – 98 & 103 points
09:20 Shai : 11542 to 11563 doable
09:20 Shai : sl below 11520
09:21 Vyom : Shai reliance above recent high
09:21 Vyom : good for more?
09:21 Uttam : BNF needs to stay above 22760
09:22 Himanshu : UG moved MB line to 22760
09:22 Shai : RIL watch 2365 intra
09:22 Himanshu : Bhai – whats your breakfast today ?
09:23 K2dt : H still holding RIL?
09:23 Uttam : 22854-869 next ref in BNF if can sustain above 22760
09:24 Uttam : looks like wants to tag that vpoc of 23k
09:24 Himanshu : Yes
09:24 Himanshu : are you asking me ..
09:24 Himanshu : I willl exit along with Zuckerberg
09:25 Himanshu : haha
09:26 Shai : 🙂
09:26 K2dt : lol H
09:26 Uttam : Jio H 🙂
09:27 Krantik Bordoloi : RIL should do 24k today?
09:28 Ankush Jain : room chrts?
09:28 Himanshu : There is reason – I get reminder from 880 – Chief’s level from wifey
09:29 Himanshu : so whatver i had at 1585 before fall and added few – is like keep me safe from further reporting – is hedge
09:30 Himanshu : today HDFC Bank shall be watched – some twitter gurus are short from last 2 weeks waiitng for it to be in 3 digits
09:31 Uttam : 40k green at highs in NF, can he get support
09:31 Shai : exit this at cost- (09:20) Shai : 11542 to 11563 doable(09:20) Shai : sl below 11520
09:31 Shai : has become OAOR
09:32 Uttam : yep
09:32 Uttam : BNF breaking below vwap
09:32 Uttam : unable to stay above 22760
09:35 Uttam : 11530 imp ref in NF
09:35 Uttam : morning 0s from there
09:37 Uttam : by the way multi-day FA got confrimed in NF at 11415 and almost tagged the 1atr of 11556
09:39 Uttam : BNF got an RB at 22650 with 0s at lows
09:39 Shai : small caps are running
09:40 Shai : 🙂
09:40 Uttam : pump and dump?
09:40 Himanshu : chalo wapas
09:40 Shai : SEBI does not want small caps- by feb they will all be mid caps 🙂
09:40 Ankush Jain : 🙂
09:40 Himanshu : New rule made – MF mgrs working on Excel sheets for weekend and thsi week also
09:41 Uttam : lol Shai 🙂
09:41 Ankush Jain : and then SEBI issues another circular on SUNDAY
09:41 Himanshu : Speciality Restutants – has come doen from 250 to 34
09:41 Naresh Dubbudu : The SEBI clarification that came out yesterday makes the run in small caps susceptible.
09:41 Himanshu : Ramesh Damani heavily invested ..
09:42 Himanshu : BEL – has become small cap – looking at lot of items to be now made in india for defense
09:42 Himanshu : is good bet – just #
09:49 Uttam : 11531 low – (09:35) Uttam : 11530 imp ref in NF
09:50 Uttam : this holding as of now but needs to stay abv vwap – (09:39) Uttam : BNF got an RB at 22650 with 0s at lows
09:53 Uttam : BNF managing to stay above PDH
09:57 Himanshu : that 17200 – RB – I have now enlarged zoom 250 %
09:58 Chandrashekhar : 35K red stuck @ lows
09:59 Chandrashekhar : NF
09:59 Uttam : looks like this guy quit – (09:31) Uttam : 40k green at highs in NF, can he get support
09:59 Chandrashekhar : hmmm possible , thanks Uttam
09:59 Uttam : +1 Shai’s 11525 holding
10:06 Uttam : NF shaping up for a C side higher?
10:06 Uttam : BNF still struggling at vwap
10:06 Naresh Dubbudu : BNF 22650 breaking on downside could lead to?
10:07 Uttam : 22600-580
10:07 Naresh Dubbudu : OK UG.
10:08 Naresh Dubbudu : That could be the C side for the day,
10:08 Uttam : you plan to give opposite C side in both 😉
10:09 Uttam : volumes drying up – typical OAOR
10:10 Naresh Dubbudu : I follow BNF. Not sure about NF
10:10 Chandrashekhar : Speedo for NF was 370+ @ open now around 50
10:11 Chandrashekhar : that number is not visible properly..@Shai can you please adjust it
10:11 Uttam : 77 now
10:11 Uttam : 98 in BNF
10:11 Uttam : speedo
10:14 Naresh Dubbudu : 22650 buyer has been stubborn so far.
10:14 Suresh : yes
10:14 Uttam : that buyer is there right from open
10:16 Naresh Dubbudu : Test of Yesterday’s VAH now?
10:20 Naresh Dubbudu : The buyer is prevailing so far.
10:21 Uttam : probable FA in BNF
10:21 Ankush Jain : All IBs, Is with low volumes and low COTs. So neither sellers nor buyers doing the good job
10:21 Uttam : thats OAOR for you
10:21 Ankush Jain : overhang ov vdo 11 of training lib. 🙂
10:22 Uttam : I also watched is this morning 🙂
10:22 Uttam : it*
10:22 Ankush Jain : +1
10:23 Ankush Jain : everytime u watch vdos, the chrts start making much more sense
10:23 Uttam : (10:06) Uttam : NF shaping up for a C side higher?
10:23 K2dt : bnf niche c side… NF upar c side 🙁
10:23 Uttam : @Naresh you did this? – (10:08) Uttam : you plan to give opposite C side in both 😉
10:24 Naresh Dubbudu : BNF didnt give C side down?
10:24 Uttam : it did
10:24 Uttam : 6 points
10:24 Naresh Dubbudu : He he.
10:24 Uttam : 22627 was IBL
10:24 Rajiv Ohri : What has this 69K done?
10:25 Naresh Dubbudu : I am not sure BNF low is secure. Lets see.
10:25 Uttam : hit that 1atr tgt of 11556 🙂
10:25 Ankush Jain : 69K green at top
10:26 Uttam : tpday’s report – There is a probable multi-day FA at today’s lows if NF can open and stay above today’s high in the next session which will set up the probe towards the VPOC of 11565
10:27 Uttam : one FA could come today in either NF or BNF
10:28 Chandrashekhar : 70K greens at top…c side extn
10:28 Uttam : 70k red also there
10:33 Uttam : 11500 PCR nearing 1
10:33 Uttam : 20L to 22.9L
10:34 Uttam : that CE OI needs to fall now
10:35 Yashasvi bhuta : which strike/
10:36 Krantik Bordoloi : RIL is silent so market is silent 🙂
10:36 Uttam : BNF geeting some greens at VWAP
10:36 Uttam : could be that stuck red in that C side
10:46 Rajesh G : test
10:47 Ankush Jain : C saide faliure
10:47 Uttam : 69k green gone in NF
10:47 Uttam : on refresh?
10:47 Shai : Intra – short NF 11547 sl of 11566 tgt 11516. Trade 50% size
10:51 Shai : open auction rules at tghis open
10:51 Shai : trade small tgts
10:51 Shai : trade quick
10:55 Rajiv Ohri : charst stuck?
10:56 Yashasvi bhuta : stuck
10:56 Uttam : NF back above IBH
10:56 Uttam : joinme & zoom working
10:59 Naren : Last US fed meeting on the 15th & 16th Sept, bofore the election
10:59 Naren : bofore=before
11:01 K2dt : UG bnf dpoc 680 or 710?
11:02 Naresh Dubbudu : 22650 is such a strong support for the day. Waiting to see if it holds for the day or not.
11:05 Uttam : 22680 – (11:01) K2dt : UG bnf dpoc 680 or 710?
11:05 K2dt : +1
11:19 Uttam : NF above VWAP & BNF below VWAP
11:19 Uttam : karna kya chahte ho bhai ;-p
11:22 Ashwath : @Shai – 10.47 Short is still active? I had bit of connection issue because of recent rain..
11:23 Shai : yes move avc dvah failed in C
11:23 Ashwath : thanks
11:23 Himanshu : LIC and all other MFs are woking on Excel sheets –
11:24 K2dt : u r right 8.. sab smlcaps mei lage hue
11:24 K2dt : H*
11:24 Himanshu : Sutti – today parliament sessio also –
11:25 Himanshu : China topic – Imagine after rebalance some skirmish happen with at boarder
11:25 Himanshu : Small cap will become – Micro Mini cap
11:25 K2dt : oops that would be a disaster
11:26 Himanshu : Today as per CNBC some escape windows are suggested like Merging schemes etc –
11:28 Naresh Dubbudu : Clarification came on Sunday only.
11:28 Himanshu : yes
11:28 Himanshu : they realized F*up
11:30 Himanshu : UG – Bholume i slow
11:34 Uttam : vpoc of 11565 tagged
11:34 KK : infy has been on it
11:35 Tejpreet : Uttam OAOR 34 ib in NF , extension coming up 5ib ho jaye 🙂
11:35 Uttam : 1.5 IB almost done in NF 11569 as small ib ramge
11:36 Tejpreet : plus you have put only green hypos.
11:36 Uttam : lol 🙂
11:36 Uttam : but not yet out the second set of green 😉
11:37 Rahul : anyone looking at 22700 CE
11:39 Shai : NF- make exits from the 50% shorts
11:39 Uttam : BNF finally staying above VWAP
11:39 Rahul : yes UG
11:39 Himanshu : hdfc b got rejected from 1072
11:39 Rahul : hope sustains
11:39 Himanshu : PDL
11:39 Uttam : some increase in vols ifnally in NF
11:39 Uttam : 11569 was 1.5 IB
11:39 Uttam : 11568.95 high so far
11:41 Tejpreet : Just 1 trade since morning monthly 115ce 158 odd to 170…trailing some with sl at cost.
11:41 Uttam : congo Tej
11:42 Rajesh G : tej what was reason for carrying long
11:45 Tejpreet : not carrying , was morning trade
11:46 Uttam : Tej only carries scotch at weekends 😉
11:46 Tejpreet : was looking for a drive up in nf but no volumes
11:46 Tejpreet : tks Uttam
11:46 Uttam : yes pathetic vols
11:46 Uttam : 5min bar in NF got only 30k in one bar
11:47 Rajesh G : thanks tej
11:51 Ashwath : Liqidity drives market – LDM, Volumn prcecedes price. 🙂
11:56 Uttam : NF forming higher lows since open
11:59 Uttam : lets see if we get a move in the G period
12:03 Naresh Dubbudu : One VWAP test in NF with BNF testing lows can happen before that.
12:10 Uttam : looks like G wants to start with ending the sequence of lower lows
12:10 Uttam : in NF
12:11 Naresh Dubbudu : ‘
12:11 Uttam : BNF once again getting stuck reds at 22650
12:14 Naresh Dubbudu : VWAP in NF?
12:15 Uttam : 11550 needs to be taken out
12:15 Naresh Dubbudu : +1 UG.
12:16 Uttam : IBH & vwap aligning here
12:16 Uttam : in NF
12:18 Uttam : BNF could start to form a bell from the current ‘b’ if gets above vwap now
12:18 Uttam : forming a balance between the 2 HVNs of 22417 & 22995
12:24 Shai : NF can see bullishness this afternoon on 11466 cross
12:24 Shai : holding vwap but extensions needed
12:24 Uttam : 11566*
12:24 Shai : 11566**
12:24 Shai : OAOR still
12:24 Shai : G in
12:24 Shai : Allow the market to come to ypu
12:25 Chandrashekhar : Govmt of India seeks parliaments approval 20K cr infusion into PSB’s through recapitalisation bonds
12:25 Vishnu : ril still that view remains shai 2559 in t+5 given on thursday
12:27 Shai : yes let it form a balance here
12:27 Shai : look to add abv 2363 for next rounds
12:27 Uttam : BNF
12:28 Uttam : 22550
12:28 Rahul : what hppnd
12:28 Shai : (09:22) Shai : RIL watch 2365 intra
12:28 Naresh Dubbudu : My objectives met.\
12:28 Uttam : 87k at 22584
12:28 Rahul : 78k stuck at lows in bnf ?
12:28 Krantik Bordoloi : @Shai, can expect some correction in RIL?
12:28 Rahul : thank ug
12:28 Uttam : needs a refresh
12:29 Uttam : no reds at lows now in BNF
12:30 Shai : BNF buy abv IBL for vwap sl of lows
12:30 Shai : end of auction 0’s
12:35 Rajiv Ohri : Shai long in BNF in?
12:36 Nishanth : a basic question.
12:37 Shai : yes sl at lows- minus filter
12:38 Uttam : G has doen its work, now upto the rest 🙂
12:38 Shai : we take a NF position if vol shows abv 11567\
12:38 Uttam : NF holding VWAP
12:38 Nishanth : in order flow chart on the right side are buys right. Some are green and some are black. What is the difference between them?
12:39 Uttam : green and red colors show up when the buyer or seller is big
12:39 Naresh Dubbudu : I am now long on BNF for a swing to 23000.
12:39 Uttam : compared to the corresponding opposite player
12:39 Naresh Dubbudu : Might not be intra day.
12:39 Nishanth : I see so you have set a volume threshold to define big? What is the threshold?
12:40 Uttam : there are 3 imbalances in the OF charts
12:40 Uttam : numbers are colored when I think seller or buyer is 3 times the opposite player
12:40 Uttam : bands come on for another imbalance percetange
12:40 Uttam : and we get big dots when LLTs come
12:40 Nishanth : ok, thanks
12:41 Shai : it’s a percentage 300% imbalance- (12:40) Uttam : numbers are colored when I think seller or buyer is 3 times the opposite player
12:41 Uttam : thanks Shai 🙂
12:41 Prashant : And when you say opposite player, you mean diagonally opposite?
12:41 Uttam : yes
12:42 Shai : yes diagonal
12:42 Prashant : Bands imbalance not clear.
12:42 Shai : flow of the auction is top to down or down to top\
12:42 Nishanth : Thanks a lot!
12:42 Shai : And not sideways as shown in the order book
12:42 Shai : that is meaning less
12:42 Shai : buyers and sellers do not go side by side
12:43 Naresh Dubbudu : Shai. What would be the topic for this week’s BO session?
12:44 Shai : we topic based on siggestions recieved on email
12:44 Shai : have to check
12:44 Rajesh G : shai can we do it for DPOC
12:45 Shai : if you want something to be carried, do email- will be happy to include
12:45 Naresh Dubbudu : Sure Shai.
12:45 Rajesh G : ok
12:45 Prashant : Intra day FA and ATR target…5 mins if you could spend on it.
12:45 Shai : email suggestions to shai@vtrender.com. am happy to include everything
12:46 Nishanth : One more clarification. I saw in Shai’s video that flow of auction is diagonal Seller below buyer.
12:47 Nishanth : is it always seller below buyer or it can be reverse too dependeing on the trned at that moment?
12:48 Shai : Auction orderbooks have buyers below sellers not the other way\
12:50 Nishanth : You can ignore that question. I think i got it. It has to be seller below buyer diagonal always.
12:52 Uttam : 22650 which was holding since morning is now level to be taken out
12:52 Uttam : in BNF
12:53 Naresh Dubbudu : +1 UG
12:55 Nishanth : oh! so when we say diagonal it is from left higher (seller) to right lower(buyer)?
12:56 Nishanth : I am referring to order flow chart buyer seller
12:59 Uttam : come on BNF lets boom boom
13:00 Uttam : 22650 / 22725 / 22854
13:00 Tejaswini : the reds can be the fuel towards VWAP for BNF?
13:02 Uttam : 11k green at 22646
13:03 Uttam : 22648 so far – (12:52) Uttam : 22650 which was holding since morning is now level to be taken out
13:04 Uttam : 10 more mins for the hammer to show up
13:13 Tejaswini : 0’s at 22600
13:14 Suresh : OMG
13:15 K2dt : 254-313 22500pe
13:15 K2dt : bohot mazdoori krvayi is trade ne
13:16 Nishanth : I think there is a bug in NF 5 min chart. about 30 min ago on left side there is 15525 and on right side its surrounded by 825, 750 , 675. So that 15525 should have been red right 300% imbalance
13:17 Ankush Jain : some -ve COTs beginning to appear
13:17 Nishanth : the surrounded entreis are right side buy orders
13:17 Tejaswini : 1.38L red at 22500
13:17 Tejaswini : should we go with him?
13:18 Vidhyasagar Lingesan : The view changes to bearish now?
13:21 Prashant : 1.38l number has changed
13:24 Uttam : BNF 0s taken out by another set of 0s
13:25 Suresh : yeh
13:25 Uttam : (13:02) Uttam : 11k green at 22646
13:25 Tejaswini : but there is big seller present right?
13:26 Uttam : BNF does 2 IB
13:26 Uttam : sorry not yet
13:26 Uttam : 22434 is 2 ib
13:26 Uttam : weak below 22517 for 80% rule
13:26 Aditya09 : nifty b period low was unseued not yet taken out
13:27 Uttam : 22417 & 22241
13:28 Uttam : 0s at 22560 ref on upside
13:28 Uttam : now 2 IB done
13:29 Uttam : 22417 here
13:29 Uttam : 80% rule in play
13:29 Yaghesh : what does that signifies ug?
13:30 K2dt : 270-310 22400pe
13:30 K2dt : done for the day
13:30 Uttam : fresh set of 0s at 22480 now
13:31 Ankush Jain : largest volume bar afterfirst 10 minutes in NF
13:31 Uttam : BNF was the 1:15 one
13:32 K2dt : chief’s 22700 seller was damant today
13:32 K2dt : 🙂
13:32 K2dt : adamant*
13:32 Himanshu : now UG back to 22280 test
13:32 Uttam : NF needs a refresh
13:33 Uttam : 50k at both ends at lows
13:33 K2dt : friday’s poc nd vwap test also don in bnf
13:33 K2dt : done*
13:34 Uttam : above 22480 can test 22560 & 22625
13:34 Aditya09 : keeping track of unsecured high nd low is rewarding
13:34 Uttam : 0s at lows in BNF
13:34 Shai : expected this move off the volume we saw in C, nicked ny Sl and came down to 516 again :9-
13:34 Shai : (10:47) Shai : Intra – short NF 11547 sl of 11566 tgt 11516. Trade 50% size
13:35 Uttam : yes Shai had a 11500pe but scratched it 🙁
13:35 Shai : nothing here
13:35 Uttam : 11550pe*
13:35 Uttam : 11510 imp level?
13:35 Shai : if it suatins below 516 will look for shorts for 11455 close
13:35 Shai : else NF is indfferent today
13:36 Uttam : NF OF chart needs a refresh Shai?
13:37 Uttam : 22473 high so far – (13:34) Uttam : above 22480 can test 22560 & 22625
13:37 Uttam : BNF going lower looks like
13:37 Uttam : 22355 / 22245
13:38 Devkant : BNF NOT RESPECTING 0’S ?
13:38 Uttam : one set of 0s taken out by another set of 0s
13:38 Uttam : 22480 has 0s on sell side which resistedn right now
13:38 Uttam : above that 22560 has 0s
13:39 K2dt : chief in 1330 bar in bnf that 33100 should be green but coz its diagonal value is 0 so it is not showing green??
13:39 Uttam : 22360 here – (13:37) Uttam : BNF going lower looks like(13:37) Uttam : 22355 / 22245
13:40 Devkant : THANKS
13:40 Uttam : please do not use caps
13:40 Devkant : copy that
13:41 Shai : 3 bars of higher continunation0’s – (13:38) Devkant : BNF NOT RESPECTING 0’S ?
13:42 Devkant : Thanks Shai
13:42 Uttam : Nifty Spot confirms a FA at 11569
13:43 Uttam : needs to close below 11516 though EOD
13:47 Suresh : 22570@ zeroos guys looks like a very big player
13:53 Ankush Jain : NF in 11505-525 range (ref given by SHAI in morning)
14:02 Shai : NF could swipe below 11515 by 20 pts to 11495 / 11455 second tgt sl of 11535
14:02 Uttam : doom doom
14:02 Shai : swipe
14:02 Shai : 11495
14:03 Shai : sl at 11516 now
14:03 Uttam : 11500pe from 74-96
14:03 Uttam : (13:42) Uttam : Nifty Spot confirms a FA at 11569
14:03 Uttam : that pe can do 110 & 129
14:04 Uttam : 11430 is 1atr from Fa in spot
14:04 Uttam : (13:26) Uttam : weak below 22517 for 80% rule(13:27) Uttam : 22417 & 22241(13:28) Uttam : 0s at 22560 ref on upside
14:04 Shai : Book full
14:04 Uttam : 110 done – (14:03) Uttam : that pe can do 110 & 129
14:04 Shai : 11465 lows
14:04 Uttam : 2 ib doen in NF
14:05 Uttam : 11448 is 3 ib
14:05 Tejpreet : 3 ib
14:05 Shai : how’s the swipe
14:05 Uttam : 123 so far – (14:03) Uttam : that pe can do 110 & 129
14:05 Shai : 11449
14:05 Uttam : awesoem Shai
14:05 Tejpreet : +1 Shai
14:05 Uttam : Tej this is cheatign you did 1.5 ib up then 3 ib down
14:05 Uttam : ek hi direction mein maangta tha
14:05 Ashwath : what a timings shai…
14:05 Tejpreet : total ho gaya 4.5 I said 5 ib
14:06 Uttam : still now over
14:06 Uttam : 5 ib pura hoga
14:06 Shai : 11500 pe cleaned
14:06 Uttam : BNF needs to tag 22241
14:06 Shai : #Orderflow – (14:02) Shai : NF could swipe below 11515 by 20 pts to 11495 / 11455 second tgt sl of 11535
14:06 Tejpreet : 4 trades and DT done never done this way before .
14:07 Uttam : chekc the high in that 11500pe – 129.95 – (14:03) Uttam : that pe can do 110 & 129
14:07 Uttam : congo Tej +100
14:08 Uttam : 22260 in BNF so far
14:08 Uttam : simple concept – (13:26) Uttam : weak below 22517 for 80% rule
14:08 Uttam : BNF never got back above 22517 post that
14:09 Uttam : 11411 coming?
14:09 Uttam : Tej has to complete 5 IB
14:09 Uttam : BNF 22246
14:10 Uttam : even that 11550pe was a good buy post the vwap break
14:10 Uttam : (13:37) Uttam : BNF going lower looks like(13:37) Uttam : 22355 / 22245
14:10 Uttam : low to the dot so far
14:11 Shai : cleam move 67 to 75 add and out at 108- 119- https://vtrender.slack.com/archives/C0F2VRTPW/p1600072923059500
14:11 K2dt : chief’s magic 🙂 like a boss
14:11 Shai : (13:35) Shai : if it suatins below 516 will look for shorts for 11455 close
14:11 Uttam : lovely Shai 🙂 I entered at 74 & booked out at 96
14:11 Rahul : 1+ shai
14:11 Shashidhar : lovely
14:11 Milind : 11500 PE 57 TO 121
14:12 Uttam : wow Miling +100
14:12 K2dt : super trade chief
14:12 Uttam : Milind*
14:12 Shai : +1- (14:11) Milind : 11500 PE 57 TO 121
14:12 Shai : There is a bit more in that PE
14:13 Uttam : so Tej after 5IB you will give Neutral Centre?
14:13 Uttam : new low post 2:15 anyone?
14:13 Shai : one more test of 137 in that sl of 103 cmp 114
14:13 Uttam : +1
14:13 Uttam : want a new low in both
14:14 Uttam : this FA completes 1 ATR of 11430 in 30 mins (13:42) Uttam : Nifty Spot confirms a FA at 11569
14:15 Uttam : BNF first – (14:13) Uttam : new low post 2:15 anyone?
14:15 Shai : 129
14:15 Shai : sl at 114 cost now
14:15 Gopi : +1 shai
14:16 Uttam : NF new lows here 🙂
14:16 Shai : 136 done
14:16 MJ : Shai what pace 🙂
14:16 Shai : once you catch a tail, you should not let go 🙂
14:16 Shai : (14:13) Shai : one more test of 137 in that sl of 103 cmp 114
14:16 Shashidhar : 🙂 🙂
14:16 Uttam : +100 Shai
14:17 Uttam : BNF to do 22020?
14:18 Uttam : NF at prev week’s POC of 11424
14:18 Uttam : this zone has good vols – 11400-11424
14:19 Tejpreet : wtf 5 ib ho gaya Uttam
14:19 Shai : 🙂
14:19 Uttam : (14:09) Uttam : 11411 coming?
14:19 MJ : 11400 friday pe writers present at 100 shai. 🙂 give them a whip?
14:19 Uttam : @Tej you say and it does not happen???
14:19 Uttam : 11355?
14:20 Chandrashekhar : is this fall because of long liquidation Shai?
14:20 Devkant : Baap Baap hota hai 🙂 +100 Shai
14:20 Tejpreet : 1.5 L green
14:20 Chandrashekhar : or any other factor?
14:20 Uttam : 11400 is a nice level to leave a weekly FA 😉
14:21 Krantik Bordoloi : fall done?
14:21 K2dt : chief this swipe trade reminded of the march swipes
14:21 K2dt : 🙂
14:21 Uttam : low volumes build up in first half
14:21 Devkant : Baap Baap hota hai 🙂 +100 Shai
14:21 Uttam : OAOR plus a 35 point IB
14:21 Uttam : so afternoon mein murder to hona hi tha
14:23 Shai : 11405 can hold
14:24 Shai : dip looks done
14:24 Tejpreet : 🙂
14:24 Naresh Dubbudu : Not sure on BNF though
14:24 Rajiv Ohri : BNF below PWL
14:25 Shai : J stole the thunder from K
14:25 Shai : 11385- 11400 supp zone
14:26 Shai : move through fri balance was smooth
14:27 Tejpreet : Getting back into the monthly 115k ce at 107 odd with 9 point sl 50 %.
14:28 Shai : 11385 SL – (14:24) Shai : dip looks done
14:28 Shai : can do 11455 again
14:29 Vishnu : bnf shai?
14:29 Shai : 22050 sl from 22430
14:30 Shai : 11439- (14:28) Shai : can do 11455 again
14:30 Shai : sl 11411 now if any in
14:30 Shai : when the kids were thinking of shorts, the Orderflow showed shorts booking – (14:24) Shai : dip looks done
14:31 Tejpreet : +1
14:31 Shai : +1- (14:27) Tejpreet : Getting back into the monthly 115k ce at 107 odd with 9 point sl 50 %.
14:32 Tejpreet : tks chief taken a few off at 117 odd …looking for 133 with same sl.
14:37 Vishnu : shai u have given below 22200 1300 ponter down in bnk nifty
14:37 Vishnu : last time said. is this valid?
14:41 Shai : No that was 5 days old
14:41 Shai : this is just an intra view
14:41 Ankush Jain : Shai joinme chrt need a reset
14:41 K2dt : yes chief a little compress pl
14:42 Shai : close out all longs
14:42 Shai : K done
14:43 Shai : All people who go for lunch in J and K on OAOR days come back for a nasty surprise 🙂
14:44 Tejpreet : indeed
14:44 Rajesh : i am one of them today. A smoke break costed good opportunity..
14:44 Shai : happened last week also on that gap below 11300
14:44 Shai : J and K pulled it back
14:45 Vishnu : bnf view shai from here?
14:45 Ankush Jain : Yeah they say that smoking is injurious to health
14:45 Aditya09 : nd i was jst probably seconds late to read the msg nd lost the chance
14:46 K2dt : same.. guys… went to talk to my dad for a moment nd doom doom already done lol
14:46 K2dt : J & K demand respect nd attention
14:46 K2dt : lesson learnt
14:46 Shai : on OAOR if G does not ignite then J and K never underestimate
14:47 K2dt : +100
14:47 Shai : see the lesson in 11500 pe
14:47 Shai : they added 20L in 4 hours from open
14:47 Uttam : +1 Shai, did mention that G did it’s job and now it was rest to the others
14:47 K2dt : baccha writers
14:49 Uttam : G period not only stopped the higher lows forming since open but reversed the probe and started an OTF down
14:49 K2dt : u r rught UG
14:52 Krantik Bordoloi : Greens here in Bnf
14:54 MJ : And 11455 is here.
14:55 Shai : cot is still blue – 11455 came after some rona dhona
14:55 Ankush Jain : Shai in the fall almost all COT blue
14:56 Shai : we look at COT of non zero numbers only
14:56 Tejpreet : all out at 123 in that ce , keeping 1 lot for the 133 objective
14:56 Shai : +1
14:56 Tejpreet : tks chief
14:56 Ankush Jain : even a single 0 qualifies for COT ignore?
14:56 MJ : shai any vwap tag yojna?
14:59 Ankush Jain : os again
15:00 Naresh Dubbudu : Chinese whistleblower says corona virus made in Govt lab,.
15:00 Tejpreet : 133 done , last lot gone
15:00 MJ : Booked chief.
15:00 Uttam : awesome Tej
15:00 Tejpreet : Shai said lows done 😉
15:01 Shai : was done exactly then – (14:24) Shai : dip looks done
15:01 MJ : +100 chief
15:01 Naresh Dubbudu : Based on today’s action, whats the view for the week Shai?
15:01 MJ : gave conviction. 🙂
15:02 Shai : we will be inside next 2 days I think
15:02 Naresh Dubbudu : Thanks Shai.
15:02 Shai : still mainatin that we need to see vols abv 11466 now for longs
15:03 Shai : 11566 VPOC**
15:03 MJ : Shai any strikes worth writing?
15:04 Shai : write 11700 sl of 22
15:04 MJ : Thanks chief.
15:04 Bhuvan : shai wrote 11300pe and 11600ce
15:05 Bhuvan : should i move to 11650ce?
15:06 Shai : no follow your plan
15:06 Shai : I’m working on this rea,mining inside till wed
15:06 Shai : remaining *
15:07 Bhuvan : ok thanks …..
15:07 K2dt : UG nf FA tgts?
15:07 Shai : should be a 11455 close
15:07 Uttam : no FA in NF, Spot gave a FA
15:08 Uttam : 1atr of 11431 done in it & 2atr comes to that 11293 🙂
15:08 Shai : check Uttam’s views – I don’t have an updated view ion BNF- (14:45) Vishnu : bnf view shai from here?
15:08 K2dt : thnx UG
15:08 Vishnu : +1 shai
15:09 Uttam : BN spot still above that vpoc of 22198
15:09 Shai : It’s bearish, but I don;t have entry points now
15:10 Naresh Dubbudu : I was away from 1245pm to 3pm. Missed a great move. What is the news flow for this big dip in BNF?
15:10 Uttam : sorry vpoc of 22017 level to watch in BN Spot
15:10 Uttam : 21984 is a voic in BNF
15:10 Uttam : vpoc*
15:11 Uttam : we do not follow news flow – only Order Flow 😉 – (15:10) Naresh Dubbudu: I was away from 1245pm to 3pm. Missed a great move. What is the news flow for this big dip in BNF?
15:11 Gopi : probably new margin rules from 15th
15:12 Naresh Dubbudu : +1 UG. But I try taking context from broader news & trade on OF.
15:13 Uttam : BNF got sellers in that 22740-725 zone in the morning and the sellers then took complete control taking out that big RB also at 22580
15:13 Tejpreet : Gopi again new rules….. any link
15:13 Uttam : that 22650 was not conquered again
15:13 Uttam : OF showed the levels very clearly
15:13 Naresh Dubbudu : New margin rules?
15:13 Uttam : 22560 was 0s then 22480
15:13 Uttam : and BNF kept tanking
15:13 K2dt : margin penalty…but it kicks in frm day after
15:13 Uttam : 80% rule triggered below 22517
15:14 Uttam : VAL was 22245
15:14 Uttam : was hoping to get 22022 today but only spot got there
15:14 Gopi : no links tej, but i spoke to some kotak persons they said it will commence from 15th sept
15:14 Naresh Dubbudu : Yes UG. Morning I was short & closed making a profit. Had to move out. Was assuming it could go back. But When I came back I see the deep red.
15:14 Tejpreet : tks Gopi
15:16 Rajiv Ohri : Tej preparing for a gap down?
15:16 Tejpreet : Not sure , am anyways going nil.
15:17 Uttam : 5 IB karwake aur kya lekar jaoge Tej ;-p
15:17 Tejpreet : haha
15:17 Uttam : plus that 2 IB move back in NF 😉
15:17 Uttam : from 11395 to 11480
15:18 Tejpreet : yes we are getting good intra moves , why risk overnight positions.
15:18 Vishnu : +1
15:18 Uttam : vix also showing some life 🙂
15:18 Uttam : which is good
15:19 Naresh Dubbudu : These days our markets are giving pre moves to US markets.
15:19 Gopi : good shorts building on banks
15:19 Tejpreet : vix needs to go back to 40-50 in next 2-3 weeks in build up to US elections.
15:19 Shai : +1
15:19 Uttam : so you plan to take this back to test MArch levels Tej 😉
15:20 Tejpreet : March I think we did 80 highd
15:20 Shai : us election day last time was a 500 point swing
15:20 Ravi : + Demon
15:20 Ravi : De-Mon
15:20 Shai : was also demon day
15:20 Ravi : i meant
15:20 Uttam : Namo spoilt it that day for the US 😉
15:20 Shai : keep eyes on Namo also 🙂
15:20 Uttam : lol
15:20 Shai : And reduce that 2K note in the wallets
15:20 Shai : 🙂
15:21 Tejpreet : 😉
15:21 Uttam : my mother stopped keeping them long back ;-p
15:21 Naresh Dubbudu : I am infering Govt is making a move on interest on interest which could be negative for Banks.
15:21 Uttam : she heard from someone that they are going to ban it
15:21 Yashasvi bhuta : ohh
15:21 MJ : Fun will be keep 2k again and ban 500. ORR of sorts.
15:22 Uttam : that will be chaos not fun 🙂
15:22 Tejpreet : best way to get vix back to 80 is cancellation/postponment of US elections just 1 day prior to due day ……maybe I am watching too much netflix 🙂
15:22 Krantik Bordoloi : Any short term thoughts on RIL? I’m stuck with 24k ce..
15:22 MJ : UG: chaos toh chal hi raha hai 🙂 thoda aur add hojaye.
15:22 Krantik Bordoloi : should i hold?
15:22 Naresh Dubbudu : I dont demonestisation will happen anytime again in next 5 years or so.
15:22 Gaurav : MJ, why not come up with 5k notes then, would be great for money hoarding also
15:23 MJ : All pun banter guys 🙂
15:23 MJ : Yeah Gaurav. easy portablity.
15:23 Gaurav : 🙂
15:23 Shai : RIL long view and a trade through options are 2 different things
15:23 Shai : it may go up but doe snot mean that the call will also\
15:24 Krantik Bordoloi : Yes @Shai..let’s see..if i get an exit tomorrow..else will book loss
15:24 Devkant : Shai do you suggest buying naked options when VIX is beyond 50 + or do you make bear put spread or ratio spread? I wasn’t a member of this room during march, so just asking
15:24 Shai : A balance was ecpected- next leg abv 2365
15:24 Uttam : NeuX in NF & Trend Day Down in BNF to start the week
15:25 Uttam : so balance tom Shai?
15:25 Uttam : NF had given a late PBH also
15:25 Uttam : right at that HVN of 11485
15:26 Shai : we go directional always- if conviction is higher go ITM – (15:24) Devkant : Shai do you suggest buying naked options when VIX is beyond 50 + or do you make bear put spread or ratio spread? I wasn’t a member of this room during march, so just asking
15:27 Devkant : Thanks Shai
15:28 MJ : Bye shai and all.
15:28 Shai : Bye alll
15:29 Shai : Have a good evening
15:29 Uttam : thanks All 🙂 have a lovely evening
15:29 Tejpreet : Bye All.
15:29 Tejaswini : bye all. Congo to all in green
15:29 Naren : bye all
15:29 Manikandan : Bye all
15:29 Ashok B R : Bye all 🙂
15:30 Sadees : Bye all
15:30 Naresh Dubbudu : Bye all.