Order Flow charts dated 16th October 2020

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.

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NF

Vol Pic2 Nf 10 Order Flow Charts Dated 16Th October 2020 Banknifty Futures, Day Trading, Intraday Trading, Intraday Trading Strategies, Nifty Futures, Order Flow Analysis, Trading Strategies, Volume Profile Trading
Order Flow charts dated 16th October 2020 3 Decode the Market

BNF

Vol Pic 2 Bnf 10 Order Flow Charts Dated 16Th October 2020 Banknifty Futures, Day Trading, Intraday Trading, Intraday Trading Strategies, Nifty Futures, Order Flow Analysis, Trading Strategies, Volume Profile Trading
Order Flow charts dated 16th October 2020 4 Decode the Market

Room Chat

08:51   Chandrashekhar : GM all
08:55   Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/812873525
08:55   Vtrender Live : 5 min NF charts – https://join.me/325-636-782
08:56   Vtrender Live : 5 min BNF charts – https://zoom.us/j/8647754788?pwd=MXN6azg0OGFwQVhFMTlvY0c5U2ZJZz09
08:58   Shai : GM all
08:59   Ankush Jain : GM
08:59   Gopi : good morning
08:59   Shai : Ref line for the open is at 2 places today- one at 11768 which was the zone we created the last shorts and the second one at 11829 F , scene of crime yesterday
09:00   Shai : support is at the same 11673 and 11596 lower
09:00   Shai : trade small and trade cautious and swinmg is larger
09:01   Shai : 23330 main ref line in BNF
09:01   Shai : 23600 has the supply
09:01   Shai : watch for selling coming back near 23600- 23750 is any
09:02   Shai : ref lines are for day trades only
09:02   Naren : GM Shai, All.
09:04   Gopi : tomorrow HDFC bank results
09:04   Gopi : might imact bnf
09:11   Naren : Shai – watched the video on ‘From failed moves come fast moves’ you have posted on twitter. Outstanding presentation – invaluable. Many thanks for the post.
09:11   Uttam : Good Morning All 🙂
09:15   Prashant : test
09:15   Prashant : charts moving?
09:15   Ankush Jain : yes
09:16   Devkant : Shai profile needs a refresh
09:17   Devkant : It’s too small
09:17   Prashant : but looks good
09:21   Shai : move from 11768 to 11775 to adjust for premiums- (08:59) Shai : Ref line for the open is at 2 places today- one at 11768 which was the zone we created the last shorts and the second one at 11829 F , scene of crime yesterday
09:21   Shai : ref at 11775
09:22   Shai : can dip to 11740 and 11700 as long as 11775 holds
09:23   Shai : 80 ref line in 11700 pe and a supp
09:24   Shai : remember 50 I told yesterdai in 11950 PE ?
09:24   Shai : same thing
09:24   Prashant : Shai, just one question. If you have a day like yesterday were it trends, should its profile be ignored as there is no value created anywhere?
09:25   Shai : not the profile 🙂
09:25   Shai : the profile is never ignored
09:25   Shai : the VA can be ignored 🙂
09:25   Prashant : Yes, i meant VA along with VAH and VAL. Sorry
09:26   Uttam : 11750pe from 120-127
09:26   Shai : looking at 122 in 11700 pe sl below 80
09:26   Uttam : can go to 138-140 that PE
09:30   Shai : Buy 11700 pe at 91 sl of 79 tgt 120
09:32   Uttam : what BNF does at 23500 will be imp
09:32   Uttam : headed there for now looks like
09:43   Shai : 103 book half – (09:30) Shai : Buy 11700 pe at 91 sl of 79 tgt 120
09:43   Shai : sl at cost on rest
09:43   Uttam : +1
09:44   Ankush Jain : good beginning to the day
09:44   Shai : Abv 107 will go up quick
09:44   Shai : hold some
09:44   Ankush Jain : 107 here
09:44   Shai : 11775 is a very good ref line
09:45   Ankush Jain : 109
09:46   Ankush Jain : Shai can u zoom in the room chrts a bit?
09:48   Shai : Book full – did 117- (09:30) Shai : Buy 11700 pe at 91 sl of 79 tgt 120
09:48   Chetan N : +1000
09:48   Chetan N : grt call shai
09:48   Rahul : nice one shai
09:48   Shai : 11715- (09:22) Shai : can dip to 11740 and 11700 as long as 11775 holds
09:48   Uttam : 108-118.5 in that 11700pe – thanks Shai
09:48   Shai : Cheers
09:49   Shai : Clarity is Power
09:49   Ankush Jain : 91-124
09:49   Ankush Jain : all booked
09:49   Tejpreet : Amazing call Shai …..looks like even the algos traded it ….. the speed of fall +1
09:50   Indarpal : super shai… what precision
09:50   Arjun : amazing call shai _/\_
09:51   Vidhyasagar Lingesan : Awesome shai…
09:51   Shai : hold to that 80 level in 11700 pe guys
09:51   Uttam : hey Tej good to see you posting 🙂
09:52   Ankush Jain : Shai if yesterday’s lows taken out then more fall?
09:53   Arjun : isnt this good volume ?
09:53   Tejpreet : Uttam been on and off in the room
09:53   Uttam : yes big vols here
09:54   Uttam : missed your 1000 pointer alert yesterday in BNF Tej 😉
09:54   Uttam : hope all well at your end
09:54   Tejpreet : tks Uttam , all well.
09:54   Uttam : super +1
09:55   Tejpreet : we will get plenty of 1000 pointer days till Trump plays out that super over:)
09:56   Uttam : Amen to that 🙂
10:01   Shai : _/\_- (09:49) Tejpreet : Amazing call Shai …..looks like even the algos traded it ….. the speed of fall +1
10:01   Shai : wb Tej
10:02   Shai : trump is not the kind to concede even if he loses cleanly
10:03   Ankush Jain : pangebaaz
10:03   Shai : that first week fo Nov will be a war zone
10:03   Uttam : yes he already mentioned that it can turn ugly if it does not go his way
10:03   K2dt : gm chief nd UG nd guys
10:03   Prashant : Most likelt will go his way…
10:03   Prashant : likely
10:03   K2dt : yesterday’s 5 min charts candles missing after 1320-1345 can u post again pl?
10:03   Ankush Jain : people say he invented covid for himself to put off debates
10:04   Prashant : If he can debate hillar and win, Biden is nothing. And anyways, minds and support are already made, debates are entertainment.
10:06   Shai : 11673 holdimng still
10:07   Shai : (08:59) Shai : Ref line for the open is at 2 places today- one at 11768 which was the zone we created the last shorts and the second one at 11829 F , scene of crime yesterday(09:00) Shai : support is at the same 11673 and 11596 lower
10:07   Tejpreet : tks Shai
10:07   Shai : trade fearless! within the zone we mark at open
10:08   Rahul : cheers shai
10:08   Prashant : Shai, when you give these awesome levels, those are profile based or shift in previous OF based?
10:09   Rahul : VWAP and earlier 000’s
10:10   Prashant : thanks
10:11   Shai : OF based
10:14   Prashant : Ok, so something in OF changed on 6th or 7th Oct when the 11673 was last visited and that said something about its nature. I was under the impression that it becomes less useful as time passes by. Thanks for answering.
10:25   Uttam : NF has singles at both ends of IB
10:25   Uttam : buyers versus sellers IPL match on
10:27   Himanshu : on rise – UG COT was minus – may be short covering
10:27   Himanshu : on test of 11673 new buyers have emerged,,
10:27   Himanshu : COT +ve then
10:28   Himanshu : around 140K +ve COt in NF
10:29   Shai : we will swing guys
10:29   Shai : stay samll and quick
10:29   Shai : expect 11850 or 75 up if we cross 11775
10:29   Shai : 11673 guys are still fighting tooth and nail
10:32   Aditya09 : Day high unsecured
10:36   Ankush Jain : OAIR in making?
10:37   Uttam : open type is for the first 15 mins A
10:37   Uttam : and yes we have an OAIR in both
10:47   Ankush Jain : current bar diff in joinme?
10:47   Ankush Jain : now ok
10:50   Ankush Jain : joinme lagging?
10:51   Uttam : if you keep it open it does not lag, if you get back to it shows the updated candle after 3-4 secs
10:58   Uttam : BNF getting ready?
10:58   Gopi : yes UG ,
10:59   Gopi : HDFC shwing some strength
10:59   Uttam : 0s or greens abv 23500 can get 23750
10:59   Uttam : 23607 being a minor pit stop in between
11:00   Rajiv Ohri : Are we in a trade?
11:01   Uttam : nope waiting to hop in
11:10   Uttam : 8k red stuck below vwap in BNF getting out looks like
11:13   Naren : early indication of RB Uttam
11:14   Uttam : low vols N
11:14   Uttam : locals getting stuck
11:14   Naren : ok thanks
11:21   Naren : so far NFT have a wider IB than BNF
11:32   Ankush Jain : 11775 again held
11:37   Naren : yes there is no reaction from buyers
11:38   Ankush Jain : 000s
11:44   Gopi : ril taking lower ?
11:55   Shai : OAIR plays out
11:56   Shai : NF abv 11736 is gooof for 11766 again sl of 11716
11:59   Uttam : boom boom BNF?
11:59   Uttam : je baat
11:59   Shai : NF in’
12:00   Rahul : 23.3 k CE from 461 to 511
12:00   Rahul : UG +1 Je baat
12:00   Uttam : 23500ce from 345-402
12:00   Uttam : lets go guys
12:00   Uttam : 23750 calling
12:01   Shai : 11756 book- (11:56) Shai : NF abv 11736 is gooof for 11766 again sl of 11716
12:04   Uttam : (10:59) Uttam : 0s or greens abv 23500 can get 23750(10:59) Uttam : 23607 being a minor pit stop in between
12:04   Uttam : room charts stuck?
12:05   K2dt : fast trade that was chief :))
12:08   Shai : clean move abv vwap\
12:08   Uttam : BNF also had those 30+k reds stuck below VWAP
12:08   Ankush Jain : Nf again stalling near IBH
12:08   Uttam : so a squeeze was on
12:09   Uttam : big vols in BNF in that 5min bar
12:09   Uttam : 23607 please
12:10   Uttam : 23400-455 seems to be zone of 0s
12:10   Sandesh : 24K 151-220
12:10   Uttam : F for extension handle in BNF at 23470 for now so lets see if it holds
12:10   K2dt : +1 Sandesh
12:11   Uttam : congo Bada and thanks for the vols 😉
12:11   K2dt : lots of greens 🙂
12:11   Uttam : Baba*
12:11   Sandesh : _/\_
12:13   Ankush Jain : so everyone expecting a quick move to 11850 abv day’s high
12:13   Ankush Jain : everyone on twitter
12:13   K2dt : but today is fryday 🙂
12:13   Ankush Jain : So it may not happen
12:13   Ankush Jain : 🙂
12:13   K2dt : 🙂
12:13   Uttam : BNF 20k red stuck exactly at that 23470
12:14   Shai : below vwap in NF go short for 11688 sl of 11657
12:14   Shai : sl of 11757*
12:14   Ankush Jain : ab theek
12:15   Ankush Jain : short in
12:16   Shai : can trade botb sides
12:16   Shai : it is an OAIR
12:17   Shai : stopped at 11769- (11:56) Shai : NF abv 11736 is gooof for 11766 again sl of 11716
12:17   Shai : now we want the other side below vwap\
12:17   Tejpreet : only difference this OAIR giving 20-25 points rather than the usual 10-15 🙂
12:17   Shai : yes
12:24   Shai : move sl of short down to 11748
12:24   Shai : exit for now
12:24   Uttam : BNF took sup in that 0s zone
12:24   Uttam : can it make new highs?
12:25   KK : bnf has to break that 0s back for NF to go there ?
12:25   Shai : yes BNF didn’t break vwap
12:27   KK : hdfc bk result overhang
12:27   Shai : the way I see it for close – the 11800 ce has to climb abv 97 for buyers to gain an upper hand
12:28   Shai : Normal day till then
12:28   Shai : we move from vwap to finding opps at the extremes
12:29   KK : I was thinking to touch 816 in 0s and what a K it can give back to 673 ..:)
12:30   Shai : Good plan
12:30   Uttam : 23609
12:31   Shai : BNF is bullish
12:31   Sandesh : 24K 196-232
12:32   Uttam : (12:09) Uttam : 23607 please(12:10) Uttam : 23400-455 seems to be zone of 0s
12:44   KK : chalo chalo
12:44   Uttam : BNF 🙂
12:44   Uttam : at yVWAP
12:44   Uttam : imp zone
12:46   Uttam : Uttam : a) BNF needs to sustain above 23128 for a rise to 23191-250 / 23360-440 / 23500-605 & 23685-751
12:46   Uttam : last tgt left in this hypo
12:46   Naren : +1
12:47   Uttam : 0s at top in BNF at yVWAP
12:47   Uttam : but bar yet to complete
12:48   Uttam : NF also has some reds in this IBH break
12:51   Uttam : probable FA at top in NF
12:51   Uttam : break of vwap will give more confirmation
12:51   Shai : yes
12:52   Shai : can do 11726 again sl of 11777 cmp 11758
12:52   Naren : +1
12:52   Shai : BNF o’s and greens from vwap have booked
13:01   Rajesh G : test
13:04   Uttam : NF nearing VWAO
13:04   Uttam : VWAP*
13:05   Uttam : 14k red at wrong place in it
13:05   Uttam : BNF also had a similar 16k red in that dip to 23526
13:06   Shai : exit near cost here – no momentum – (12:52) Shai : can do 11726 again sl of 11777 cmp 11758
13:06   Shai : we wait for better Opps
13:06   Uttam : yep
13:13   Ankush Jain : anyone using kite (zerodha)?
13:16   Prashant : yes
13:17   Ankush Jain : web based running fine?
13:18   Prashant : fine here
13:18   KK : 808/816 darshan please.
13:18   Shai : 11826
13:19   K2dt : 157-174 11700ce
13:19   K2dt : done for the day
13:24   Shai : +1
13:24   Shai : congarts
13:24   Shai : 11772 supp
13:24   Shai : though 11765 is better now
13:24   K2dt : tx chief
13:26   KK : so, just wait for 765 break.?
13:26   Shai : can for a smooth ride down
13:27   Shai : this one now is waiting for a test of yesterday’s crime scene
13:31   Ankush Jain : now down?
13:34   Tejpreet : OAIR try to stick to one side till 1.30 especially if previous day is trend day…….been with puts 6 winners and 2 SL.
13:36   Shai : No trade open now .Looks ready to do something big
13:36   Shai : but want to see sellers break vwap now
13:36   Shai : nothing here
13:37   Shai : Agree Tej
13:37   Shai : may do 11700 again but don’t have a good stop
13:39   Tejpreet : agrre Shai now have only 119k pe at 173 odd with 165 sl in system.
13:41   Prashant : Given the time spent outside IB, would it be a FA if stays inside?
13:41   Ankush Jain : joinme working?
13:41   Prashant : stays below IBH..
13:43   Shai : crack coming?
13:44   Shai : o’s
13:44   Shai : crack
13:44   Ankush Jain : ye lo
13:44   Tejpreet : 0 🙂
13:46   Ankush Jain : not cracking
13:50   Gopi : ril days low
13:52   Prashant : sellers failing again
13:54   Ankush Jain : sellers not doing a good job
13:54   Tejaswini : Neux here?
13:54   Tejaswini : test of 830?
13:56   K2dt : nf going to cross ibh everytime…sellers – na munna na
13:58   Sanjib : 2 PM guy must be geeting ready
13:59   Uttam : waiting for K?
13:59   Vyom : looks like
13:59   Vyom : Shai today K cud be violent again?
14:00   Sanjib : I think K is for OAOR, not OAIR
14:01   Uttam : G is for OAOR
14:01   Sanjib : OK. Thnx
14:01   Uttam : K is for all 🙂
14:01   Yaghesh : bias UG?
14:02   Ankush Jain : K kee haandi baar baar chadde gee kya?
14:02   Sanjib : +1 Ankush 🙂
14:04   Sandesh : 24K 210-240 done
14:04   Uttam : congo Baba
14:05   Sandesh : thanks ug
14:11   Rajesh G : test
14:12   Uttam : K ka swagat hai
14:12   Uttam : last min to go
14:13   Himanshu : UG any udpate in BN
14:15   MJ : bnf 0’s of 1340-1355 in action.
14:15   Uttam : BNF almost tagged its objective of 23751 on upside
14:15   Uttam : 23500 sup
14:16   MJ : Get below it. Fun starts.
14:19   Vyom : 0s
14:19   MJ : Fun!!!
14:19   MJ : 23200 pes out.
14:19   Uttam : 16k red at lows
14:19   Uttam : NF once again finding support at vwap
14:19   Uttam : third time
14:20   Uttam : can it break it with 0s
14:20   MJ : Aabki baar todo Ug.
14:20   Uttam : FA post Trend Day would be nice continuation
14:22   MJ : That 16k forced a cover. K is still young.
14:23   Uttam : (14:15) Uttam : 23500 sup
14:26   Manik : UG would todays high be considered FA if we break the lows?
14:26   Ankush Jain : RIL dragging the NF
14:26   Manik : we did have multiple attempts above IBH
14:27   Uttam : yes M as so far stayed above IBH for less than 30mins
14:27   Ankush Jain : looks like a perfect bell today
14:27   Manik : cool thanks
14:28   Manik : buyers not giving in though
14:30   Ankush Jain : neither sellers
14:30   Ankush Jain : Thats why we have bell
14:31   Ankush Jain : but NF has managed to stay abv vwap after 12:30
14:31   Uttam : 3 times it has been rejected from above IBH & 3 times from VWAP
14:31   MJ : 55k greens? nf, Kai rey.
14:31   Uttam : so who will win the final round
14:32   Uttam : on a super over it will be with a close at vwap 😉
14:33   Uttam : or*
14:35   Tejpreet : Uttam you are the third umpire so will close whereever you want 🙂
14:36   Naren : lol
14:36   Uttam : lol
14:36   Tejpreet : but your vwap close alert was timely 🙂
14:36   Himanshu : Hope K – is not with seller – Fry day
14:38   Himanshu : SPX – Fut getting rejected from y day supply point
14:42   MJ : 55k don’t disappoint ok?
14:42   Himanshu : Think he has been asked tom to come after bath
14:43   MJ : Himanshu, he’s come at that Bar High, POC on top too.
14:43   MJ : for that 5 min.
14:43   MJ : Makes a good scalp setup.
14:44   Ankush Jain : Any News of Mukesh Ambani Critical ??
14:44   Himanshu : yes
14:44   Himanshu : Hain
14:44   Gopi : hdfc bank decides monday
14:46   Uttam : Inside bar & balance in both
14:46   Uttam : i
14:46   Rajiv Ohri : lower end of the bell needs to be filled
14:46   Uttam : Imbalance to balance
14:47   Himanshu : je baat
14:47   Himanshu : Je baat koi samje koni na – ke balance bhi karno padto hain
14:50   Uttam : scope for a spike in both?
14:50   Uttam : lets see if we get some vols
14:50   Uttam : not trades anymore for the day
14:51   Ankush Jain : singles at both side & a failed RE on upside
14:51   Uttam : looks like as Shai said we will react to how SPX behaves today on Monday
14:52   Uttam : 11750 combo at 225 @Tej, any comments
14:52   Tejpreet : Been a decent day only beers !!
14:53   Uttam : cheers to that +100
14:53   Tejpreet : Monday if we open flat combo could open below 200.
14:53   Uttam : where will SPX & more importantly Trump allow a flat open 😉
14:54   Tejpreet : 🙂
14:54   Uttam : but we can get a good move on Monday
14:54   Uttam : balance ho gaya so time for a small imbalance
14:57   Uttam : but good thing is both NF & BNF closing above 11685 & 23065 this week
14:57   Tejpreet : +1
14:57   Uttam : so bulls are still there in the game
14:58   Manik : overlapping higher value on the weekly
14:59   Uttam : do the Nov 5th options habve some extra premium?
14:59   Uttam : that would be one hell of a week for Vix I suppose
15:01   Tejpreet : Are the results out by nov5 ?
15:01   Uttam : that is what I was checking right now 😉
15:02   Tejpreet : I think would be a delay due to mail in votes.
15:03   Uttam : mail in has already started & has been more than average I read
15:04   Tejpreet : ok
15:06   Uttam : they have a pretty long process as the next President will take oath only in Jan 2021
15:06   Uttam : although it will be claer which of the 2 party has won the election
15:08   Rajiv Ohri : Shai, close hereabouts?
15:12   Uttam : either at dpoc 11765 or at vwap 11748 – take your pick R 🙂
15:20   Shai : yes
15:20   Shai : call prem smashed
15:20   Rajiv Ohri : completely
15:21   Shai : Auction still remains 11670- 11860 zone after this balance
15:21   Ankush Jain : not complete yet?
15:21   Uttam : +1 Shai 11750ce dropped from to though nothing happened in NF
15:22   Uttam : 11750 combo which was 225 sometime bakc now 217
15:23   Tejpreet : Looks expensive given Shai’s range 670-860.
15:23   Uttam : Tehj shorted them for the weekend beers & now booking looks like 😉
15:23   Uttam : Tej*
15:23   Tejpreet : no no shorting options is for biggies 🙂
15:24   Uttam : yes Tej not carryng any thing else other than beers – was a nice week so will come back fresh on Monday
15:24   Tejpreet : +1
15:24   Ankush Jain : premiums dropped suddenly in last 10 minutes
15:24   Uttam : Navratri starts from tom so will be a festive week
15:24   Uttam : yes A even PE dropping
15:25   Ankush Jain : Vix also cooling off
15:26   Ankush Jain : premiums dropping further
15:27   Tejpreet : Bye All.
15:27   Uttam : already down to 212 in 30mins – (14:52) Uttam : 11750 combo at 225 @Tej, any comments
15:27   Shai : HAGW everyone. Stay safe and well
15:27   Shai : Let’s catch up Mon
15:28   Ankush Jain : 11900 ce + 11600 pe strangle 108-95 in 10 minutes
15:28   Ankush Jain : thats a huge drop
15:28   Uttam : thanks All 🙂 have a relaxing weekend
15:28   Subham : Happy Weekend all 🙂
15:28   Naren : Bye All. Have a great evening and weekend!