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
08:59 Uttam : Good Morning All 🙂
08:59 Uttam : https://vtrender.com/market-profile-analysis-dated-16th-december-2020/
08:59 Chandrashekhar : GM all
08:59 Favas : gm all
09:00 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/468530741
09:01 Vtrender Live : 5 min charts additional – https://join.me/814-091-997
09:02 Prajwal Shetty : good morning
09:03 Himanshu : good morning all
09:05 Rusi : Gm all
09:05 Vtrender Live : 5 min BNF charts additional- https://zoom.us/j/8647754956?pwd=RjFYSXJFcDNwdm1OZ29FVERzdEVOZz09
09:07 Kailash : GM All
09:07 Shai : GM all
09:07 Ankush Jain : morning
09:07 Mathivan : GM All
09:08 Shai : 13650- 666 will be ref line in NF at open
09:08 Shai : 13727- 755 to watch for supply
09:08 Shai : bears win a break today if they manage to push it below 12650F
09:10 Shai : BNF continue toi watch 30930- 9560 on any upsides
09:10 Shai : 30580 will be a supp as it had demnd yesterday
09:20 Shai : 13700 ce may go to 54 once cmp 32 sl of 18
09:23 Shai : for those interested in writing the 13650 PE maintain sl at 37 cmp 25
09:24 Shai : Open in the uppper small distribution of yesterday close
09:24 Ankush Jain : slow opening
09:24 Shai : maintain 13666- 13727 as initial range – (09:08) Shai : 13650- 666 will be ref line in NF at open(09:08) Shai : 13727- 755 to watch for supply
09:24 Ankush Jain : is it OAIR?
09:24 Shai : yes open auction
09:30 Shai : exit this- writers in command here and may slide cmp29- (09:20) Shai : 13700 ce may go to 54 once cmp 32 sl of 18
09:30 KK : RIL ?
09:31 Shai : RIl has been a non performer last 2000 points of this NF rally- why do you guys want to focus on it every morning?
09:32 Shai : make sense?
09:32 Shai : leadership changes always in a move
09:33 Shai : RIL led first, then banks , now uptoIT and the rest
09:33 Ankush Jain : joinme working?
09:36 Shai : yes
09:36 Ankush Jain : it is now
09:38 Shai : Am early quick move would have helped that 13700 ce
09:39 Shai : just that expiry mornings iif move is not there OA takes over
09:49 Milind : BNF 30700 CE 131 TO 167
09:50 Shai : +1
09:51 Abhishek : PARDON, BUT WHAT IS THIS +1 FOR
09:51 Uttam : +1 means I agree or good one
09:51 Abhishek : ohh, thanks. +1
09:51 Ankush Jain : +1 UG
09:51 Ankush Jain : 🙂
09:52 Uttam : 🙂 +1 A
09:53 Chandrashekhar : 13700 CE OI has grown up very big
09:53 Uttam : BNF got some greens but needs to sustain above 30790
09:53 Chandrashekhar : PE OI *
09:53 Uttam : for an attempt to check the morning OH start of 30842
09:56 Uttam : @Chandra both Ce & PE now has similar OI
09:56 Uttam : 13700
09:56 Chandrashekhar : +1
09:57 Shai : Buy 13650 ce at 77-78 sl of 62 tgt 99
09:57 Shai : going deeper ITM for this
09:57 Chandrashekhar : CE OI was anyways leading at open…PE OI added close to 25+ lac since open
09:57 Shai : expiry math
09:57 Shai : looking at 13700 ce unwind
09:58 Uttam : yes Shai has started to come down
09:58 Uttam : OI in that 13700ce
10:01 Viswas : they are using hdfc twins
10:14 K2dt : those stuck greens in bn gave vwap
10:23 K2dt : mkts need PMVBY
10:23 K2dt : pradhan mantri volume badhao yojna :p
10:27 Ankush Jain : C side ext coming?
10:31 Shai : Announcement- we meeet at 08.30 pm today for the webinar on “effective charting through the MarketProfile” . Same login as here. Time – 08.30 pm today
10:31 Sanjiv : +1
10:31 Suren : +1
10:31 K2dt : +1 chief
10:31 Aditya09 : +1
10:33 Shai : 13725 nnow an early supp- 13725 better. Pace is slow, so patience needed today
10:33 Lavanya : +1
10:33 Shai : 13705 second supp
10:34 Shai : speedo at 72 , so be extra patient into positions
10:34 Ankush Jain : any downward revision in SL of 13650 pe?
10:36 Rusi : gr8 shai.
10:38 Shai : 23- (10:34) Ankush Jain: any downward revision in SL of 13650 pe?
10:38 Shai : 9 to book
10:39 Rusi : only red band with no imbalance in BN. What does it mean shai ?
10:39 Chandrashekhar : no bands in NF since morning?
10:39 Shai : in this zone now- but not much reds – (09:08) Shai : 13727- 755 to watch for supply
10:40 Shai : early bias of the open- (09:20) Shai : 13700 ce may go to 54 once cmp 32 sl of 18(09:23) Shai : for those interested in writing the 13650 PE maintain sl at 37 cmp 25
10:40 Shai : gave up oin 13700 ce as expiry day ATM
10:40 Shai : And pace is slower than originally thought\
10:40 Shai : have to trade directiobal with ITM in such cases or go next week
10:40 K2dt : christmas effect kicking in chief?
10:41 Swapnil : 13650 CE still in, Shai?
10:41 Shai : yes
10:41 Swapnil : Thanks
10:41 Ankush Jain : cmp 15
10:42 Shai : 13650 ce will kick in momentum on 80 cross
10:44 Chandrashekhar : C went seilent
10:45 Arjun : Shai – a request. can we Market Profile chart in top left corner in Zoom and Join me
10:54 Ankush Jain : finally an IB & green band
10:54 K2dt : come on bnf break that pdvwap on the upside
10:54 K2dt : yes A :))
10:54 Rajiv Ohri : Reds appearing right there
10:57 Uttam : BNF boom boom
10:57 Uttam : vwap was defended
10:57 Uttam : but needs more greens above 30850
10:57 Chandrashekhar : 800 green in BNF, 800 reds in NF
10:58 Uttam : done – (09:53) Uttam : for an attempt to check the morning OH start of 30842
10:59 Uttam : 888 green looking good in BNF
11:01 Ankush Jain : 0s in midle, continuation one
11:01 Shai : save this link- (10:45) Arjun : Shai – a request. can we Market Profile chart in top left corner in Zoom and Join me
11:02 Shai : https://mplite.vtrender.com/?symbol=NIFTY&tf=daily&tpo=2&ll=&ul=&sp=1&startDate=&endDate=&nDays=8&idstr=&dstr=_8&rst=0&iam=
11:02 K2dt : aaj to 30900 banta hai UG bhai
11:02 Shai : Book the CE at cost here- (09:57) Shai : Buy 13650 ce at 77-78 sl of 62 tgt 99
11:03 Ankush Jain : how can we copy link & paste in a browser?
11:03 Ankush Jain : clicking it opens another webinato window
11:03 Uttam : have posted it on slack – https://vtrender.slack.com/archives/CQDH03LFL/p1608183309076200
11:04 Uttam : in the mp-lite channel
11:04 Ankush Jain : ok thanks
11:05 Rajiv Ohri : Shai a test of the 13700 pE writes can come?
11:07 Shai : writers morning so far- buy side not giving MTM
11:07 Shai : good clean move though
11:08 Shai : but pace is the difference here
11:08 Shai : 12720 hs to break- (11:05) Rajiv Ohri : Shai a test of the 13700 pE writes can come?
11:09 Ankush Jain : *13720
11:09 Rajesh G : shai so far it is OTF?
11:10 Rajesh G : without volume
11:14 Chandrashekhar : 1428 reds in BNF
11:14 Chandrashekhar : longs booking out?
11:14 Uttam : greens bola tha above 30840
11:14 K2dt : 🙁
11:14 Sanjib : 🙂
11:14 K2dt : 1500 red thok diya
11:15 Uttam : lets see some panic in 30800ce writers camp
11:16 Uttam : provided E leaves that extension handle
11:21 Uttam : BNF does 80% rule in yesterdays value
11:21 Uttam : C low right at yVAL & E high at yVAH
11:21 Rajiv Ohri : How about a trip to vwap now?
11:21 K2dt : 820 buyers vs 848 sellers..tashan
11:21 Uttam : abhi chakki peesing & pessing
11:22 Rusi : @ UG . 80 % rules is applied on previous day VA ?
11:22 Uttam : that 1505 red ensuring it will stay in this value
11:22 Uttam : @Rusi can be applied to any balanced area / prev day / prev week / a composite
11:23 Uttam : like BNF did yesterday in the 5-day comp
11:23 Rusi : ok. thanks
11:23 Uttam : greens above 30845 can give BNF a push higher
11:23 Rusi : 30845 is defended by 1505 seller
11:24 K2dt : chakki lol UG
11:24 Uttam : we had greens in BNF in the morning so that 1505 could be profit booking too
11:24 K2dt : possible UG
11:25 Uttam : (09:53) Uttam : BNF got some greens but needs to sustain above 30790
11:25 Uttam : first this then vwap was defended with a 515 red stuck below it which meant morning buyers were aggressive
11:25 Uttam : then came these new hgihs & reds here which shows profit booking
11:26 Uttam : A period singles
11:26 Rahul : bnf shorted
11:26 Rahul : yeppppppp
11:26 Uttam : vwap & 30740 probable objectives
11:27 Uttam : 30786 is that big fat promiment POC in BNF this week
11:27 Uttam : so will keep acting like a magnet till we get a drive away from it
11:27 Rahul : thnks ug
11:28 Uttam : looks like E doing a C today in BNF
11:28 Uttam : NF 1 atr from yesterdays FA is at 13769
11:28 Chandrashekhar : we have big reds in both on that extn
11:29 Chandrashekhar : BNF looks like a P profile
11:57 Ankush Jain : real slow pace today. Maybe all pace is down under 🙂
11:57 Sanjiv : 🙂
11:58 Uttam : 25 overs 41 runs A 😉
11:58 Ankush Jain : the pace bowlers
11:58 Ankush Jain : 🙂
11:58 Uttam : yes yes I got your point 🙂
12:02 Tejaswini : Chief BNF looks ready for 31k today?
12:05 Shai : still 30580- 30960 on current volumes
12:06 Tejaswini : ok thanks
12:07 Uttam : BNFFfff
12:08 Uttam : SLs taken looks like
12:08 Uttam : 1891 red with 0s
12:08 Chandrashekhar : 1891 reds again..
12:08 Shai : o’s\
12:08 Uttam : BNF new highs
12:09 Chandrashekhar : 1078 more reds
12:09 Ankush Jain : Shai any revision in 13650 pe sl?
12:09 Uttam : 1.5 IB done in BNF
12:09 Uttam : NF not yet making new highs
12:10 Shai : 9 was the tgt established at 25 , trail at 13.5 now
12:10 Shai : 13650 PE
12:10 Chandrashekhar : zero’s above in BNF now
12:11 Favas : guys zerodha down?
12:11 Shankar : Zerodha down
12:11 Rohan : Yes Favas
12:11 Tejaswini : yup cant get out
12:12 Favas : omg
12:12 Amit Jain : yes z down
12:12 Ankush Jain : yes
12:13 Ankush Jain : working on mobile
12:13 Uttam : (11:15) Uttam : lets see some panic in 30800ce writers camp
12:13 Chandrashekhar : looks bck in now
12:13 Chandrashekhar : Zerodha
12:13 Amit Jain : now back A
12:13 Ankush Jain : its back
12:13 Uttam : NF on for 13769?
12:14 Uttam : BNF 31k darshan to karwa do
12:15 Chandrashekhar : 13700 CE OI now feeling the heat looks like
12:15 Uttam : 30800ce OI melting like butter in heat
12:15 K2dt : waah UG….gazabb
12:15 Uttam : above 204 that 30800ce gets new legs
12:15 K2dt : +1
12:16 Uttam : E did not leave but F leaving an ext handle in BNF
12:16 Chandrashekhar : 650 PE @ 8 now
12:16 Tejaswini : Got out at last. phew
12:17 Tejaswini : What do we make of this reds?
12:18 Favas : these huge reds?/
12:18 K2dt : bnf was imposter mode…in the morning pretending to be a snooze compared to nf…and now it gets stronger than nf :))
12:19 Shai : Buy NF 13748 sl of 13721 tgt 13776/ 13810
12:20 Tejaswini : 13700 ce’s?
12:20 Tejaswini : or 650?
12:21 Shai : 13650 ce still good sl of 64
12:21 Shai : tgt 108
12:21 Tejaswini : thanks
12:23 Uttam : 31k kaha hai BNF???
12:23 K2dt : abhi ayega na bhidu 🙂
12:23 Uttam : 31031 is 2 IB
12:26 Uttam : 30998
12:26 K2dt : lalcha rha
12:26 Uttam : setting hgiher tgts now
12:27 Uttam : so preparing for the long jump
12:27 K2dt : aane do:))
12:27 Uttam : 30905 ref on downside with ext handle of 30860 being an imp ref
12:32 Rajiv Ohri : BNF got 0’s on top
12:32 K2dt : not a good one R
12:33 K2dt : 0 and 9
12:35 Rajiv Ohri : nine was hidden behind the timer on my screem
12:35 Rajiv Ohri : screen
12:35 K2dt : use zoom charts R
12:36 Rajiv Ohri : yup
12:40 Shai : charts not up?
12:40 K2dt : up chief
12:40 Rajiv Ohri : up
12:40 Ankush Jain : they r fine
12:40 Amit Jain : up
12:40 Uttam : charts working fine Shai
12:40 Rajeshwarrao : fine
12:40 Shai : okay
12:43 Uttam : H is here
12:44 Uttam : NF 13769 bola tha not 13759 ;-p why you stalling before objective?
12:46 Amit Jain : respecting shai’s mrng suppply – 13755 🙂
12:49 Ankush Jain : IS band but with very low volumes
12:50 Chandrashekhar : looks like writers dominating the options side today
12:50 Chandrashekhar : with these low vol moves in FUt…less chance for a lottery in Options?
12:56 Uttam : ext handle test coming in BNF
12:56 Rajan Modi : Shai we are still in NFlongs?
13:05 Chandrashekhar : Uttam below 860 in BNF again a 80% rule probability?
13:07 Chandrashekhar : 809 red stuck @ lows looks like for BNF
13:14 K2dt : spx in no mood to slow down
13:14 Chandrashekhar : 772 here Uttam
13:14 K2dt : that stuck red gave good in bnf
13:15 K2dt : C u r right nf gave UG’s 1 ATR
13:15 K2dt : finally 🙂
13:15 Tejaswini : yeah. That RB was a good point to enter
13:16 Tejaswini : we arent getting any volume
13:16 K2dt : nf specifically slow one..low vol
13:17 Uttam : now done – (12:44) Uttam : NF 13769 bola tha not 13759 ;-p why you stalling before objective?
13:18 Uttam : this also done – (12:56) Uttam : ext handle test coming in BNF
13:18 Uttam : yes Chandra, if sustains below 30860 then 80% rule down can trigger
13:18 K2dt : both moves done UG.. ab ki kare
13:19 Tejaswini : kapaal bhbati
13:19 K2dt : hahaaaa
13:19 Tejaswini : learnt from the best @Him
13:20 K2dt : definitely
13:20 Uttam : extension handle test done means new high dene ka na?
13:20 K2dt : aane dooo
13:20 Uttam : else can fill up todays profile
13:20 Uttam : till 30785
13:20 Tejaswini : writers are getting aggressive
13:20 Uttam : needs to get above 30960 fast BNF
13:21 K2dt : currently in those 1100 & 400 reds zone
13:21 K2dt : 350*
13:21 Uttam : dPOC shifted higher t0 30940 in BNF
13:23 Uttam : now game between the 2 HVNS of 30940 & 30785
13:23 Uttam : till we get a new green above 30960 or a red below 30780
13:28 Uma : Volumes are very less rt
13:28 Uttam : aao thakur 31k 😉 kitni baar bulaya tum aate hi nahi?
13:28 Uttam : yes Uma vols have been on the lower side
13:29 Uttam : BNF getting ready for new highs loks like
13:29 Uttam : NF teasing BNF
13:32 Swapnil : 650 CE at 104
13:32 Rusi : abki bar 31k paar
13:32 Uttam : 13700ce wrtiers ki watt
13:32 Swapnil : Target hit 650 CE. book or trail
13:32 Uttam : NF almost hitting 2 IB
13:33 Uttam : book swapnil
13:33 Uttam : expiry day options always get moeny to your account
13:33 Uttam : and if in multiple lots then book 50% & trail rest to cost if OF shows more coming
13:34 Swapnil : Thanks Uttam
13:34 Shai : Book full 13782- (12:19) Shai : Buy NF 13748 sl of 13721 tgt 13776/ 13810
13:34 Swapnil : booked full. Amazing ride.
13:34 Rajan Modi : super trade Shai _/\_
13:34 Shai : 112 book full- (12:21) Shai : 13650 ce still good sl of 64(12:21) Shai : tgt 108
13:34 Uttam : +100
13:38 Shai : 13760 trailing for all longs into clsoe as profit booking begins again
13:44 Rajiv Ohri : 325 stuck?
13:53 Rajiv Ohri : Shai BNF no steam left?
13:54 Shai : BNF not crosiing 13960 well-
13:54 Shai : is scene of crime from march forswing also
13:54 Shai : so won’t try new entries here
13:54 Ankush Jain : 30960*
13:54 Shai : 30960*
13:55 Shai : Add 30 eaither side for prem fluctauations
13:55 Shai : As swing traders ate wathcing it
13:55 Shai : NF as long as 13760 holds now we still have a shot at 13800
13:55 Shai : but RR is 50%
13:56 Shai : 13750 PE sell sl of 27.15 into close cmp 20
13:56 Shai : 13650 pe/ 13700 pe all taken care of by writers
14:02 Chandrashekhar : 2 ib in NF
14:04 Ankush Jain : TSL for 13750 pe moves lower?
14:04 MJ : HDFC LTD ath!
14:04 Chandrashekhar : not feeling like Expiry day today
14:05 Shai : book half 13sl at 21 into close now- (13:56) Shai : 13750 PE sell sl of 27.15 into close cmp 20
14:08 Shai : 13750 ce any dip to 18 is a buy with 15 as sl
14:08 Shai : tighten up all positions
14:08 Shai : can swipe alos
14:09 Shai : looking at either 13745 F as expiry or 13800. They may play with premium and drop it to 0
14:09 Shai : 22 now
14:13 Rajesh G : test
14:13 Chandrashekhar : K here
14:16 Chandrashekhar : DD profile in both now?
14:20 Rajiv Ohri : 750 PE writers of today may be in trouble
14:21 Himanshu : K
14:21 K2dt : 45-59 13800pe
14:21 K2dt : killer
14:21 Ankush Jain : 13750 ce in
14:21 Swapnil : 750 CE trade is not active right? SL at 15 would have nullified that trade?
14:24 KK : that one going to 0, ?
14:26 K2dt : vwap test done :)nf
14:29 K2dt : 43-52 10700ce
14:30 K2dt : on those stuck reds….
14:32 KK : same.
14:33 KK : worth waiting for 750 CE for 20 ?
14:33 K2dt : cheers KK
14:33 KK : entry at 9.5
14:33 K2dt : poc is 15 there
14:34 KK : done at 20.5
14:34 K2dt : +1
14:35 Amit Jain : same kk from 7.9 to 15
14:35 KK : congo and bye.last trade.thanks all
14:38 K2dt : k khatam khel khatam?
14:42 Abhishek : Shai any closing remarks ?
14:42 Ankush Jain : Arjun Hingorani used to make KKK movies with Dharmendra
14:42 Ankush Jain : khatam khel khatam sound like that title
14:44 Tejaswini : 13800 close possible?
14:48 Rajiv Ohri : What are these 13750PE writers of today smoking?
14:51 Uttam : so Karan Johar has copied even that also ;-p – (14:42) Ankush Jain: Arjun Hingorani used to make KKK movies with Dharmendra
14:52 Uttam : Rakesh Roshan also had movies starting with K
14:54 Himanshu : BNF premium just 20 rs
14:56 Ankush Jain : yes UG. But Mr. Arjun had 3Ks
14:56 Prashant : 13650 is at 91, right
14:57 Prashant : sorry msgs got refreshed and shai’s 9.57 msg came up
14:59 Ankush Jain : NF to settle at 13750??
15:00 Tejaswini : i would guess
15:00 Tejaswini : playing for 750 close
15:07 Rajiv Ohri : Shai you 13745 close is playing out 🙂
15:09 Ankush Jain : no lottery trade today it looks like
15:12 Swapnil : My biggest achievement today is following Shai’s note of being a slow morning, holding the 650 CE patiently within the levels – And more importantly doing jsut that one trade. Not giving away any gains when DT has been met and exceeded.
15:18 Uttam : great Swapnil & congrats
15:20 Uttam : dPOC in BNF shifting lower from 30940 looks like
15:20 Swapnil : Thanks Uttam!
15:21 Uttam : more power to you S 🙂
15:22 Shai : +1 congrats – (15:12) Swapnil : My biggest achievement today is following Shai’s note of being a slow morning, holding the 650 CE patiently within the levels – And more importantly doing jsut that one trade. Not giving away any gains when DT has been met and exceeded.
15:22 Shai : every little victory matters
15:23 Uttam : yes trading is a process where small steps each day leads one to get better & better as a trader
15:24 Himanshu : UG – are we balace today
15:24 Himanshu : in BNF
15:24 Subhadeep : Today’s webinar to happen here? or there is some other login link?
15:24 Uttam : yes H but Value overlapping to higher
15:24 Uttam : same trading room you need to login Subhadeep – (15:24) Subhadeep : Today’s webinar to happen here? or there is some other login link?
15:24 Subhadeep : Ok, thanks
15:25 Uttam : +1
15:25 Shai : They chose 13745 F- (14:09) Shai : looking at either 13745 F as expiry or 13800. They may play with premium and drop it to 0
15:25 Uttam : tomorrow close in BN will be important for the rest of the series
15:25 Himanshu : Ok
15:25 Chandrashekhar : +100 Shai
15:25 Shai : but it always is 50- 50 and no logic to what can happen
15:26 Shai : Relativekt easy expiry to trade today\
15:26 Sanjiv : shai – any view for tomorrow? tx
15:26 Shankar : UG: Why?
15:27 Shai : Nothing went weird or caught people off- smooth and systemtic
15:27 Shai : Hope every one here is in Green MTM
15:27 Sanjiv : +1
15:27 Ankush Jain : +1
15:27 Rajeshwarrao : yes
15:27 Suren : +1
15:27 Shankar : Except for Zerodha going off and spooking us for smtime 🙂
15:27 Rahul : yepppp
15:28 Viren : Humm
15:28 Viren : Good eve all
15:28 Shai : Zerodha guys should check Kotal
15:28 Shai : Kotak*
15:28 Shai : full fledged broking at zero intra day costs
15:28 Chandrashekhar : Yes Kotaj has Free Intraday plan now
15:28 Chandrashekhar : i have applied for it
15:28 Ankush Jain : Kotak took 4 days to trfr funds bk in my acc
15:29 Shai : 20 bucks per order for carries
15:29 Uttam : yes Shai & haave had no issues since Jan when I opened an account with them
15:29 Uttam : almost been an year
15:29 Shai : Tc everyone
15:29 Shai : have a good evening
15:29 Uttam : thanks All 🙂 have a lovely evening
15:29 Shai : catch up at 08.30 pm
15:29 Uttam : +1
15:29 Himanshu : Yes Chief
15:29 Rahul : yeppp
15:30 Himanshu : 23rd day – minor negative in 3 figure and
15:30 Ankush Jain : it was a slow day today
15:30 Himanshu : today Green – so (24 day – 1 ) Green Zone on