Order Flow charts dated 21st July 2020

Many traders are used to viewing volume as a histogram beneath a price chart. But the Order Flow approach shows the amount of volume traded during each price bar, and also it breaks this volume down into the Volume generated by the Buyers and the Volume generated by the sellers again at every row of price the market traded at.

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

Vol Pic2 Nf 13 Order Flow Charts Dated 21St July 2020 Banknifty Futures, Day Trading, Intraday Trading, Intraday Trading Strategies, Nifty Futures, Order Flow Analysis, Support And Resistance, Trading Strategies, Volume Profile Trading


BNF

Vol Pic 2 Bnf 13 Order Flow Charts Dated 21St July 2020 Banknifty Futures, Day Trading, Intraday Trading, Intraday Trading Strategies, Nifty Futures, Order Flow Analysis, Support And Resistance, Trading Strategies, Volume Profile Trading

Room Chat

08:57 Jagdish : Good Morning-First time joining here
08:59 Vtrender Live : 5 min charts f NF- https://join.me/507-777-780
09:00 Rohan : GM All
09:00 Himanshu : Gm all
09:00 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/633476533
09:00 Giridhar Gowravajhal : GM all !!!
09:01 Chandrashekhar : GM all
09:01 Vtrender Live : 5 min charts of BNF- https://zoom.us/j/8647757494?pwd=UVNpR3ZvcnVyUmhEZDhJUVlYNVlkdz09
09:02 Ravi : GM all
09:02 Manikandan : GM All
09:03 Avinash : GM everyone
09:03 Neeraj : Good Morning All
09:08 Jagdish : ?
09:09 Shai : GM all
09:09 Sanjiv : Gm
09:09 Aditya09 : GM all
09:09 Rahul : Morning Everyone
09:09 Tejpreet : GM All
09:09 Irfan null : gm
09:09 Shai : Another gap up today for the imbalance from friday’s move
09:09 Vishnu : Gm all
09:10 Shai : This one today should be challenged near 11130 NF
09:10 Shai : 11130 is the 1st price objective of the imbalance move
09:10 Shai : support lower is still at the 10913 mentioned yesterday and now moves to 10974 for the open
09:11 Shai : BNF watch 22674 into the higher open
09:11 Shai : support at 22500
09:11 Uttam : Good Morning All 🙂
09:12 K2dt : gm chief what’s VoS in join me 5 min?
09:16 Chandrashekhar : O-H in NF
09:16 Irfan null : open drive down?
09:16 Chandrashekhar : Speedo from 180-140 now
09:17 Chandrashekhar : OAOR
09:17 Sachith : good morning everyone… happy trading
09:20 Shai : number of trades coming per second- (09:12) K2dt : gm chief what’s VoS in join me 5 min?
09:20 Amar Ramsinghani : GM All
09:20 K2dt : thnx chief
09:21 Shai : This move could have come near the close yesterday, was waiting on it 🙂
09:21 Ankush Jain : vol/min is down there
09:21 Shai : 11130 to watch on upside
09:21 Anuj : GM everyone
09:22 Adi : Good Morning all
09:23 Shai : OAOR more likely now
09:26 KK : kotak and ICICI day..when are their results ?
09:33 Jagdish : test
09:33 K2dt : stalling at 30 NF
09:34 Prashant : Green bar with negative COT, would that mean sellers failing?
09:35 Prashant : Also, there was 42150 on sell and buy side, now buy side is gone.
09:36 Munish : Stalling at 30 NF, short here or wait?
09:37 Shai : still NO RS or IS, why would you short?
09:38 Shai : wait for conf
09:38 Munish : okay
09:38 Uttam : 22789-810 coming in BNF?
09:39 KK : Shai, is that 1967 in RIL of result day any relevant today ?
09:40 Shai : scene of crime
09:40 Shai : watch for vol abv it
09:40 KK : ok
09:40 KK : tx
09:40 Ankush Jain : shai in joinme chart, digits are very small
09:43 Shai : Intra – short NF below 11124 sl of 11147 tgt 11080
09:48 Shai : better now?- (09:40) Ankush Jain: shai in joinme chart, digits are very small
09:48 Ankush Jain : yes. thanks
09:48 Sanjiv : RIL supporting
09:49 Narendra : shorts in right??
09:50 Shai : yes
09:50 Shai : OAOR guys
09:50 Shai : be prepared to dig in
09:50 Shai : don’t expect quick results
09:50 Ankush Jain : sure
09:51 Shai : NF charts – https://mplite.vtrender.com/?symbol=NIFTY&tf=daily&tpo=2&ll=&ul=&sp=1&startDate=&endDate=&nDays=8&idstr=&dstr=_8&rst=0&iam=
09:52 Rajesh G : shai OTF is absent so far
09:52 Rajesh G : ?
09:56 Shai : yes
09:56 Rajesh G : thanks
09:56 Shai : OTF only in the first 2 mins on the gap
09:57 Shai : they are gone now
09:57 Shai : sppeedo was 180
09:57 Uttam : they came booked & now resting 😉
09:57 Rajesh G : thsnks
09:57 Shai : Chandrashekhar does a fantastic job tracking this every morning – (09:16) Chandrashekhar : Speedo from 180-140 now
09:58 Shai : very nice to see Chadrashekhar
09:58 Uttam : +1 Chandra
09:58 Shai : 140 to 88 since that open minute now
09:59 Chandrashekhar : _/\_
10:01 Shai : And this too, palyed perfect – (09:17) Chandrashekhar : OAOR
10:01 Boppanna : Nice obsvn Chandra
10:02 Shai : the closer you get to 09.15 to identify the open types, the better would be your results in the first hour of the day
10:02 K2dt : yes chief
10:02 Adi : +1
10:02 Shai : At least we here know , it is an OAOR and won’t buy bullish calls off open
10:02 Shai : imagine the kids outside and their state now who went into calls off the open prices 🙂
10:03 Ankush Jain : kids?
10:03 Ankush Jain : 🙂
10:04 Seshadri : whats view on BNF
10:04 Uttam : (09:11) Shai : BNF watch 22674 into the higher open
10:05 Uttam : needs to get above this for more upside
10:06 Seshadri : yes uttam i am watching.. if NF falls then BNF would also fall
10:06 Shai : 11107 book half- (09:43) Shai : Intra – short NF below 11124 sl of 11147 tgt 11080
10:06 Shai : sl at cost on rest or 11130 is better
10:06 Tejpreet : +1 Shai
10:06 Jitender : +1
10:07 Sanjib : +1 Shai
10:07 Boppanna : +1 Shai
10:07 Avinash : +1 Shai
10:07 Rahul : Shai 1+
10:07 Shai : _/\_
10:09 Nirmal : +1
10:10 RiteshM : +1
10:12 Anuj : +1
10:13 Vishnu : +1 shai
10:14 Himanshu : + 1 Chief
10:15 Himanshu : Though on your call – Played BNF.
10:15 Himanshu : Exited now
10:16 Shai : OAOR is the dominant still
10:16 Shai : NF that is 11130- 11080
10:16 Shai : seller does not have it till he breaks below 11080
10:17 Ankush Jain : Shai how we arrive at 11080?
10:17 Himanshu : 22674 – Volume faded fast
10:21 Himanshu : UG IB – 39 Point – so 3 IB move – Kya karoge Pehle batao
10:23 Jitender : intezar 🙂
10:23 Jitender : we react…nt pre empt
10:25 KK : Himanshu, good read, BUt i got confused actually, as some good greens came near 22674, around 20K couple of those..so I thouhgt extension might go..
10:26 Himanshu : 3rd day and OAOR –
10:26 Himanshu : profit booking – PWH – 22674
10:26 Jitender : +1
10:26 Himanshu : 22664 –
10:26 KK : 22668 on 13th..
10:27 Jitender : (09:11) Shai : BNF watch 22674 into the higher open
10:27 Himanshu : YEs
10:27 Tejpreet : Uttam might want to break the nf range in c period 🙂
10:27 KK : but it has taken sometime to go cross 450 and could have crossed today, that was one confusion, anyways +1
10:27 Jitender : (12:18) Jitender : Have 22649 also marked in my charts as resis
10:28 KK : that’s why not preempt, as it was selling again and again from there and not sustaining, should have read it rightly..+1 Ji
10:28 Jitender : either 530..else m trailing n will wet my beak
10:29 Himanshu : KK did you read – Tej’s post of Data – 3%
10:29 Himanshu : On slack
10:29 Jitender : tat 50k red at 575 killed the move..he will hold till vwap
10:29 Himanshu : so 11100 is 3.3% from last exp
10:29 Himanshu : So 85% time it settles with-in though
10:30 Himanshu : Live Screen and Vol is the what we trade here,,
10:30 Himanshu : But same way – 22674 – is with in 5% of last exp
10:30 Himanshu : so – at that level – some profit booking or retracement has happend as per backtested data.
10:31 KK : if this 55K fails then there will be another attempt
10:31 Shai : expected this gap to be challenged today and so far it has been – (09:09) Shai : Another gap up today for the imbalance from friday’s move(09:10) Shai : This one today should be challenged near 11130 NF
10:31 Himanshu : Though I like to go with MP, and OF data, and Chief’s guidence here
10:32 Adi : Should we tighten SL for NF trade. No follow through?
10:32 Shai : RIL also at scene of crime
10:32 Shai : hold same sl still expetcing 11080 maybe D
10:32 Adi : ok
10:35 Jitender : half thru 565 (10:27) Jitender : (09:11) Shai : BNF watch 22674 into the higher open(10:27) Jitender : (12:18) Jitender : Have 22649 also marked in my charts as resis(10:28) Jitender : either 530..else m trailing n will wet my beak
10:35 Boppanna : Congts Jit
10:35 Jitender : tx bro..all out
10:36 Govind : Congrats Jit
10:36 Prashant : In Open auction, if this much time is spent going nowhere, then does the original preise for the trade hold or does it become more of a chance/random outcome?
10:36 Jitender : tx G
10:36 Prashant : premise*
10:36 Govind : I am still sitting quitely, no trades yet
10:36 Shai : +1 Jit
10:36 Jitender : tx chief
10:36 Uttam : congo Jit
10:37 Jitender : tx G & UG
10:38 Shai : 1965 RIL
10:38 Shai : 1969 is scne of crime
10:38 RiteshM : bnf chief
10:38 Shai : I gave you that level on AGM day also
10:39 Rajesh G : yes shai
10:39 Boppanna : Bingo Shai
10:39 Shai : if taken out expect 2034
10:39 Uttam : boom boom BNF?
10:39 Govind : C ext in RIL too
10:41 Uttam : 57k red exited looks like in BNF
10:41 Uttam : 27k & 30k green
10:41 Boppanna : +1 Uttam
10:41 RiteshM : –
10:43 Shai : 22675 (10:38) RiteshM : bnf chief-
10:43 Uttam : C over so lets get some direction in D
10:45 Shai : for those who exited NF same sl of 11145 again here
10:45 Shai : tgt same
10:48 KK : today looks like that 1967 will be bread and butter for me..scene of crime
10:49 Shai : put booking order at 11104 is your shorted
10:50 Shai : open auctions are all about trading quick and small tgts/ expectations
10:50 Shai : you get killed in open auctions if you expect nF 80 points like other days or BNF 200
10:51 Shai : trade small trade quick
10:51 Shai : the other option is to stay out and save emotional capital
10:51 Rahul : thanks Shai for this info, making a note
10:51 Shai : is there in the training library 🙂
10:52 Uttam : yes
10:52 Adi : yes, its highlighted very prominently in the videos
10:53 Shai : I repeat here all that is already mentioned in the training library
10:53 Vyom : Shai any view positionally at these levels? how is it looking
10:53 Shai : most people go tthrough the training library in a movie watching mode
10:53 Shai : that does not help
10:53 Shai : It requires your alpha state of mind
10:54 Tejpreet : +100
10:54 Rahul : Noted
10:54 Aditya09 : noted
10:55 Adi : best to make personal notes while watching the videos about things that make sense to you
10:55 Anuj : yes imp point will keep in mind
10:55 Anuj : thnx shai
10:56 Shai : oh yes – (10:55) Adi : best to make personal notes while watching the videos about things that make sense to you
10:56 Shai : when I used to hear Stedilmayer I always had a pencil ready
10:57 Adi : I wrote notes while listening to the videos Shai, it made enormous difference in absorption
11:00 Shai : +1
11:00 Aditya09 : 100 pecent plus writting also goes to the subconcious mind
11:01 Shai : Absolutely
11:01 Uttam : BNF getting rejected first from 22663 and then from VWAP
11:01 Uttam : can we go to 22454-418?
11:02 Nirmal : i did that will do again ..may be bcoz i feel i m dumb .:) will keep trying until i undrstand
11:02 Nirmal : videos could have been better ..it is complex for first timer for sure
11:03 Shai : Be careful of how you use I am
11:03 Shai : what you add after ” I am ” is your life and gets added to your life
11:03 Uttam : welcome mail has lot of links for basics of MP so you can go through them first if you find videos comples 🙂
11:03 Uttam : law of attraction Shai 🙂
11:04 Nirmal : ok shai i am smart
11:04 Nirmal : will try again
11:04 Uttam : you become what you think you want to become & at the same time work towards it
11:05 Shai : Yes
11:05 Irfan : This live learning is the main part where the videos make sense even if you dont understand it in n first place
11:05 Vyom : yes watching videos and then seeing live really helps
11:05 Uttam : that is exactly the purpose of the TL & the trading room Irfan
11:05 Vyom : ofcourse Shai Uttam have been doing it for a long time so we need to keep learning
11:05 Adi : My view – Basics of MP are the most important aspect here. Get that clear first before you get into Order Flow. Just my personal view.
11:06 Uttam : what we learn in the videos we look to identify them in live markets daily
11:06 Sumeet : Nirmal, would also suggest sit with a pen and pencil during market hours. The nuggets of information shared by Shai and Uttam and other experienced traders here are priceless. They will supplement your learning.
11:06 Rajan : +100 Sumeet
11:07 Sumeet : Ive got a book of personal notes from the videos and another fair bunch of papers from live market notes…
11:07 Uttam : BNF vols/sec is in double digits
11:07 Tejpreet : Uttam what’s your deadline for a DD tpo wise ?
11:08 Govind : SPX spiking too Uttam
11:08 Uttam : G is the ideal one Tej
11:08 Maxis : almost perfect Inside bar after inside bar in both since open today
11:08 Tejpreet : tks
11:08 Nirmal : i will go to basic read book Mind over market
11:09 Nirmal : for me , bouncers..it happens with me all time ..first time i take a lot of time to learn..may be i m like that only
11:09 Maxis : in 30 mins charts. Except for the last 10:15 bnf bar, was just a nudge
11:10 Maxis : Any breakouts of the last bar can give a move or a clue to it.
11:10 Nirmal : also i m going thru many problems..so i need time for healing n learning
11:10 Shai : exit the NF trade
11:11 Shai : too flat now
11:11 Shai : we wait for G
11:11 Irfan : ok
11:14 Uttam : 22565 needs to break in BNF
11:18 Maxis : Please pardon my ignorance, what’s the white line at value 11113.58?
11:18 Adi : DPOC
11:19 Maxis : But DPOC is marked at 11115?
11:19 Adi : yeah sorry abt that
11:20 Maxis : what Adi? Why sorry?
11:20 Adi : i may have misguided you about the whitel line
11:20 Maxis : Chief?
11:21 Uttam : that is the vol POC looks like in NF
11:22 Uttam : narrow range today so all levels close to each otyher
11:22 Uttam : TPO POC also there which I guess is the dPOC
11:22 Uttam : we have similar vols could be at 1110 & 11113
11:23 Maxis : No UG, not just today, its a regular occurance.
11:23 Uttam : VWAP is also here
11:23 Uttam : mid point of day also here
11:23 Maxis : the value of the white line shows as 11113.58. What is that line?
11:23 Uttam : let us take it day by day Maxi for tody it seems to be the vol poc
11:23 Uttam : no other ref there
11:24 Uttam : and it does not matter actually 🙂
11:24 Uttam : cos we have other references whihc we need to concentrate on
11:24 Maxis : Where is the DPOC line then?
11:25 Uttam : there was a slight increase in vols in BNFD but now back to square one
11:25 Maxis : It’s value shows at 11115 but i can’t see any line of it?
11:26 Arjun : the VOS meter is lots or stocks?
11:26 Uttam : that is because there is never any line shown for DPOC 🙂
11:26 Uttam : only the level shows with the title
11:26 Uttam : you can refere to older 5min charts
11:27 Uttam : that 1113 moved higher?
11:27 Maxis : yes
11:28 Uttam : could be the vwap for each bar then I guess
11:28 Maxis : OK. No actual line drawn for DPOC. So what’s that white line then?
11:29 Maxis : Chief?
11:29 Uttam : 57.3 vo/sec in BNF last bar seems to be the lowest for the day?
11:29 Manikandan : looks like the mid-point
11:31 Maxis : breakout’s from IBars
11:31 Uttam : more greens getting stuck at same zone of 22635-675
11:31 Uttam : can it extend?
11:31 Aditya09 : nf also
11:31 Uttam : 60k green in NF
11:32 Uttam : biggest in a while
11:32 Uttam : BNF also more greens coming
11:33 Uttam : once again 22665
11:33 Uttam : NF right at 11130
11:33 Jitender : vix creepn up
11:34 Vishnu : pwh at 22664 still resisting
11:34 Jitender : 22.17-22.24
11:34 Jitender : hmmm…whoose lanka will go today 🙂
11:35 Uttam : fresh buying in BNF this looks like
11:36 Uttam : RE coming?
11:36 Jitender : any direction wu do bro 🙂
11:36 Uttam : up
11:36 Jitender : cool
11:37 Uttam : 22600 needs to hold
11:37 Jitender : just need sum push fr daily labour…unless theta eats it up
11:39 Uttam : 5 more mins for E to get over
11:40 Uttam : E for extension handle will be nice but need some more vols here
11:40 Jitender : grrens trapped in tat bar….need supp
11:41 Uttam : whatamove
11:41 Govind : haha, crazy
11:42 Vyom : Uttam next target for BNF?
11:42 Vyom : axis has started moving ahead of results today..
11:44 Uttam : 22789-810 was the objective
11:44 Boppanna : Shai refresh needed or done BNF?
11:44 Uttam : needs to sustain above 22700 now BNF
11:44 Uttam : if does 22888 could come
11:45 Adi : 00’s above 700
11:46 Uttam : lot of guys got hurt in that swipe in BNF looks like
11:46 Boppanna : CE’s fidn’t move much
11:46 Jitender : yup
11:46 Boppanna : *didn’t
11:46 Jitender : tats why in a straddle (11:36) Jitender : any direction wu do bro 🙂
11:47 Boppanna : Bugger 22800ce didn’t even cross morning high
11:48 Ketan : none of the CE’s crossed morn highs., Bops., atleast the ones i have on screen.
11:48 Adi : BNF spot didnt cross morning high
11:48 Irfan : what doe IB with negative COT signify?
11:48 Boppanna : pains more when holding one Ketan
11:48 Boppanna : 🙂
11:48 Jitender : greens need to defend 650 nw
11:49 Jitender : hw much is tat red at 711 bnf ?
11:49 Uttam : 1118900
11:49 Uttam : 51k
11:49 Uttam : sorry
11:49 Jitender : tx
11:49 Uttam : 41k 4ok
11:49 Uttam : couple of reds there
11:50 Jitender : yh
11:51 Tejpreet : what did you guys do in bn !!!!
11:52 Govind : that one came right at the vwap band, algos probably
11:52 Tejpreet : 1l in bn
11:52 Boppanna : No idea Tej.. Uttam and Jit threw in some big ones
11:52 Govind : 🙂
11:53 Tejpreet : Bops some big algos in last few sessions ….was thinking they are extinct
11:54 Tejpreet : these zeros if taken out can see 2k by expiry in bn ?
11:54 Tejpreet : 24k
11:54 Uttam : 24?
11:54 Uttam : 23 first tej 😉
11:55 Uttam : monthly expiry you mean?
11:55 Tejpreet : 23 toh aaj hi ho jayega
11:55 Uttam : Amen
11:55 Tejpreet : but first need to cross the huge wall of 0
11:55 Boppanna : looks like someone offloading this current bounce from 21 K
11:55 Tejpreet : could be bops
12:00 Uttam : 22794 please
12:00 Uttam : and a proper auction till there not a swipe
12:00 Uttam : unable to stay above 22700 BNF post that spike
12:00 Boppanna : NF just not bothered
12:01 Uttam : NF busy collecting poor hgihs 😉
12:01 Adi : NF Dpoc 11129
12:02 Adi : that seller still active at 11130
12:02 Uttam : vols still hgihest at 11115
12:02 Uttam : but now similar vols building at 11130
12:03 Sachith : 22720 hvn was strong in bnf looks like
12:03 Jitender : bajaj fin out
12:06 Avinash : When was the last time NF spent half an hour in 10 pt range
12:09 Uttam : Tej gviing a DD?
12:09 Uttam : G period aanewala hai
12:10 Uttam : NF also looking good now for a RE
12:11 Rahul : Again took SL of many here
12:11 Uttam : 2L
12:11 Uttam : by the way we had a #L red yesterday in NF at 10973
12:11 Uttam : 3L
12:11 Uttam : lets boom
12:11 Shai : 3 mins before G- (11:11) Shai : we wait for G
12:12 Tejpreet : all set then Uttam 🙂
12:13 Uttam : 0s at top in NF too
12:13 Ankush Jain : same setup asd yesterday?
12:13 Uttam : G period needs to make a good ext
12:13 Rahul : yes, shai caught it big
12:13 Tejpreet : Shai are these big reds mix rders ?
12:14 Shai : sl hit these reds
12:14 Shai : 11129 – 11118 a supp now
12:15 Tejpreet : tks chief
12:15 Vishnu : abki bar 23k in bnf
12:15 Fenil : not able to figure out what looks better to take positions? NF or BNF?
12:17 Anuj : shai any significance for that 2.08 L seller inm BNF?
12:17 Anuj : sorry in NF
12:17 Shai : no
12:17 Shai : sl hit orders
12:17 Shai : holding 11118 ythis goes to 11162 now
12:18 Uttam : 11222 also please Shai if not today tom?
12:18 Anuj : ok thnx
12:19 Rohan : @shai: How stoploss orders in red, it should be green na?
12:19 Uttam : it is a mix of orders which is why we have 0s in between & anove
12:19 Uttam : above*
12:19 Ankush Jain : if no 0s in between then how do we interpret that?
12:20 Uttam : then one big player could be involved
12:20 Prashant : @shai, stop losses would be limit orders or market orders? The numbers on the bar show market orders in the sense agressive sellers hitting the bid, right?
12:20 Prashant : So how do we infer that these are limit stops getting hit?
12:22 Adi : Negative perhaps indicates SL orders getting triggered
12:22 Adi : Negative COT*
12:22 Uttam : focus on what the OF is showing which is IB and we are getting accepted above IBH
12:22 Prashant : Or is that the way it is read on DOM?
12:23 Uttam : 0s at top is a concern for now so till that is taken out longs need to be careful
12:23 Uttam : with 11118 as Shai said which is sup
12:23 Uttam : lets us focus on getting the trades
12:24 Adi : Nifty Spot still below IBH
12:25 Uttam : we are trading futures
12:25 Uttam : so our references & trades will be based on them
12:26 Shai : that order is ther in Aug also
12:26 Shai : is a mox of orders
12:26 Shai : someone covered july, bought aug
12:26 Shai : hence it shows reds
12:26 Rohan : ok. Thanks Shai.
12:26 Shai : besides that it killed off all the other orders there abv a range , hence the 0’s
12:27 Shai : 0’s mean no liquidity in those secs
12:27 Shai : same happened in BNF
12:27 Shai : looks like a cash basket hedge for an event in BNF
12:27 Ankush Jain : so we long above that IB bar?
12:27 Shai : stay with 1118 as supp now
12:27 Uttam : so lets go for nerw hgihs then
12:27 Shai : 11118
12:28 Shai : looks to tgt 11162/ 165
12:28 Uttam : BNF getting into the groove
12:28 Shai : for all those new to orderflow, you have to watch Aug as well as rollovers have already started
12:29 Ankush Jain : where to watch that?
12:29 Shai : will put it up tom, is minor trickle now
12:29 Ankush Jain : +1
12:30 Shai : BNF has to take out those 0’s for a fresh long
12:30 Uttam : meanwhile NF managed to push the poor highs to 11148
12:30 Shai : sl will be 22670 is it does
12:38 Sanjib : chart stuck?
12:40 Srinath Vasudevan : Hi Shai any positional view on Nifty given the recent spike?
12:41 Shai : charts fine
12:41 Ankush Jain : yes
12:41 Maxis : yes
12:41 Shai : positioinal sl is now 10750 for all positions including portfolio longs
12:42 Adi : charts lagging
12:42 Shai : stay guarded guys though in positionsals
12:42 Tejpreet : Shai this vol expansion upside objective 11800 ?
12:43 Narendra : shai what are chances for nifty @ 9500
12:44 Shai : No Tej 11400
12:44 Shai : scene of the crime in March
12:44 Tejpreet : Ok just read a tweet also about PE ratio being highest right at 11400 🙂
12:44 Ankush Jain : charts stalled now
12:46 Shai : make a booking if in longs or tighten sl to 11122
12:46 Shai : vol again went missing after that 1.2.13 strike
12:48 Govind : RIL above SOC of 1969 Shai
12:50 Aditya09 : r v good now for 2034 on rel?
12:50 Shai : just killed the last of the shorts in RIL
12:50 Shai : that move
12:53 Ankush Jain : charts?
12:56 Maxis : charts having issues
12:57 Govind : zoom not working either
13:00 Maxis : zoom working fine
13:00 Shai : No lag in charts
13:00 Shai : All is fine
13:00 Ankush Jain : yes it is
13:01 Ankush Jain : nifty itself is in sleep mode
13:01 Fenil : @shai Does it signify anything if NF is near breakout and still low vol/sec
13:01 Ankush Jain : 🙂
13:01 Shai : lag counter is in between profile charts
13:01 Shai : if there is a lag, it will inform
13:01 Ankush Jain : it says lag (2 counters)
13:01 Ankush Jain : what does it mean?
13:03 Ankush Jain : 1.19 lk seller
13:03 Uttam : boom boom
13:04 Uttam : 11165 here
13:04 Ankush Jain : chrt stuck again
13:05 Tejpreet : Uttam 2ib done 🙂
13:05 Shai : chart fine
13:05 Uttam : 11174 2IB Tej
13:05 Uttam : 11212 3IB
13:05 Ankush Jain : stalling again & again
13:05 Maxis : broadcast is slow
13:05 Ankush Jain : booked @ 2IB
13:05 Tejpreet : tks Uttam
13:05 Ankush Jain : again 0s & 1.34lk seller
13:06 Nitin : 12.10 & just 13.05, COTs are humungous. How to intrepret the price rise?
13:09 Uttam : @Nitin we follow MArket Profile Set up then the Order Flow concept and lastly the COT so make all your observations in that order
13:09 Maxis : charts are moving once every few seconds
13:09 Nitin : Thanks Uttam
13:10 Shai : IB bar on red COt
13:10 Shai : no new demand
13:10 Shai : we wait
13:10 Shai : possible test of vwap could come
13:11 Ankush Jain : Shai 0s & top & big seller
13:11 Shai : RS
13:11 Ankush Jain : booing longs at these levels good?
13:11 Ankush Jain : rather at these conditions?
13:11 Shai : ye smarket booking longs from 10800
13:12 Santhosh null : sl super it didn’t 11129 at all, great work
13:18 Prashant : Back into IB
13:20 Shai : 11133 -= (13:10) Shai : possible test of vwap could come
13:20 Ankush Jain : +1
13:20 Shai : 11124 ref line
13:20 Ankush Jain : +100
13:21 Shai : As long as that hold bulls are fine
13:21 Anuj : +1
13:21 Sanjib : RIL just dropped to 1961
13:22 Shai : ye RIL and hdfc driving this today
13:23 Vishnu : axis result out?
13:23 Shai : Go long NF abv 11141 sl of 11121 tgt 11188
13:24 Rahul : in
13:25 Maxis : in
13:27 Shai : manage sl as given
13:27 Shai : if this takes off we get the OAOR move
13:27 Irfan : in
13:28 Bhushan : In
13:36 Tejpreet : Jit/Bops take care of bn
13:37 K2dt : taking support at IBH, NF
13:38 Shai : nice vwap swipe in BNF . fingered all the late latif longs with stops below vwap
13:38 Boppanna : +1 Shai
13:38 Shai : much better IB now
13:38 Tejpreet : BC Jit pumping up bn well
13:39 Govind : He is starddling BNF 🙂
13:39 Jitender : tat was over way back Gov
13:39 Tejpreet : 🙂
13:39 Jitender : just watchn after daily labour done…
13:39 Shai : 10157 book half NF , sl at cost on rest
13:39 Govind : Cool man, best way to trade this rangeboundedness
13:40 K2dt : +1 Jit on DT
13:40 Shai : A little better COT and we would have taken the reds from 1.10 out
13:40 Shai : still in as IB is good
13:40 Jitender : tx K
13:41 Ankush Jain : quite some learning today
13:43 Uttam : each day there is a new learning here Ankush 🙂
13:44 Vishnu : neuex in bnf today ug?:
13:45 Govind : Vishnu, please keep it above IBH
13:46 Shai : exit the bal qty in NF
13:46 Jitender : 630-730 range bnf
13:47 Shai : yes
13:47 Shai : ranged in NF also
13:49 Himanshu : Tej – Gov. Jit is making BNF up and down –
13:49 Himanshu : Since he is on watch mode,,,
13:49 Tejpreet : he will continue doing it till you break his range
13:50 Ankush Jain : Shai so far we have a 1 single print in A. For singles to be significant, at least 2 prints have to be there??
13:50 Himanshu : His level was 22649/22674 –
13:51 Shai : tiggten up on any longs held
13:51 Shai : we may pull back
13:54 Govind : Himanshu, have not done a single trade in BNF today. Only RIL.
13:58 Boppanna : K rarely disappoints with a move on such a range day
14:00 Boppanna : Uttams b and d words magic words needed in K for BNF
14:00 K2dt : those magical words 😀
14:01 Uttam : lol
14:01 Uttam : OAOR – Value higher – gap sustained so PLR up
14:02 Uttam : but vols low so can give whips too, need some good initiative vols
14:02 Tejpreet : wake up all te LLT’S in the room 🙂
14:02 Aditya09 : plr?
14:02 Uttam : Path of Least Resistance
14:03 Aditya09 : ok
14:04 K2dt : UG updating hypos 😀
14:05 Uttam : did not tealise we had hit the end of hypo1 11165
14:05 Uttam : realise*
14:05 K2dt : ho jaaye raag boom boom?
14:05 Uttam : fresh leg above 11165
14:06 Sanjib : @UG – may be that was the reason why NF is hesitating to go up 🙂
14:06 Tejpreet : Uttam give some homework to bn also:)
14:06 Uttam : BNF not yet finished morning task Tej 😉
14:06 Sanjib : Now it will go
14:06 Uttam : 22740 imp level
14:06 Tejpreet : +1
14:06 Uttam : post that spike it got rejected right at that 22740
14:07 K2dt : today’s spike is like that final scene from chak de india.. upar jayega ya neeche jayega… ya khuda yeh to rangebound rahega!?
14:07 Jitender : 🙂
14:07 Uttam : range bound is doubht
14:07 Aditya09 : hahah
14:08 Uttam : IS at VWAP can give us NEutral Extreme down
14:09 Uttam : 5 more mins for K to start
14:10 Nitin : Fingers crossed for that Uttam. I have some positional CE spreads which are bleeding.
14:15 Uttam : PBL also done in botrh NF & BNF in I period
14:15 Uttam : so all set for higher probe
14:15 Uttam : K has to show come intent
14:15 Uttam : BNFff
14:16 Uttam : bopom boom?
14:16 Nitin : Pull Back Low ?
14:16 Uttam : je baat
14:16 Uttam : 22888 please?
14:16 K2dt : ug theek se bolo bot pakad sake 🙂
14:16 Jitender : +100 (13:58) Boppanna : K rarely disappoints with a move on such a range day
14:17 K2dt : +100 Bops
14:17 Uttam : 22789 weekly VPOC tagged in BNF
14:17 Anuj : spot right at top of range in BN
14:17 Uttam : 1.5 IB done in BNF
14:17 Uttam : 22794
14:18 K2dt : aaya LIC jhoom ke
14:18 Uttam : c) Above 22862, BNF can probe higher to 22922-980 / 23100 / 23160*-230 & 23313-370
14:19 Tejpreet : Tks Bops/ Jit for bn ride
14:19 Shai : NF for 11189 now
14:19 Shai : sl of 11124 still
14:19 Uttam : BNF getting into beast mode?
14:19 Shai : will update that
14:19 Vishnu : let it uggg
14:19 Uttam : 23076 possible?
14:19 Jitender : All BoPs Tej….credit to him
14:20 Tejpreet : Uttam bn has to give you 23k today
14:20 Uttam : 🙂 Tej
14:20 Boppanna : lol that was Uttam timely 5 min warning
14:20 Tejpreet : did 100 points on that 225k ce…trailing some .
14:21 Jitender : +1
14:21 Uttam : awesome Tej +1 congrats
14:22 Tejpreet : bn i can’t do with out you guys , tks.
14:22 Uttam : 11212 in NF will be nice – 38 point IB ke liye 3 IB to banta hai
14:22 Govind : +1 Tej, Congo..big trade
14:22 Boppanna : Congts Tej
14:23 Tejpreet : tks guys
14:23 Boppanna : Single set of 0’s right at Jits 730
14:23 K2dt : congrats T
14:23 Uttam : NF yet to make new hgihs
14:24 Vishnu : 23076 in bnf?
14:24 Shai : vol expansion begiinning in NF
14:24 Shai : still minor
14:25 Chetas : shai, you se volu,e per sec to figur that out?
14:25 Chetas : * volume per sec
14:25 Uttam : huffing & puffing BNF managed this hypo – a) BNF needs to sustain above 22340 for a rise to 22415-475 / 22543-580 / 22650-675 / 22740 & 22826-862
14:26 Tejpreet : so morning hw done
14:26 Shai : yes chetas
14:26 Uttam : now for some exercises 😉
14:26 Shai : Vos then vol per min and finally the speedo
14:27 Shai : vos crosoed 300 we get actioon
14:29 Adi : 22840 still a reference in BNF?
14:29 Uttam : that was 21840 Adi
14:29 Adi : oops my bad
14:29 Uttam : we are a 1000 away now
14:29 Uttam : 🙂
14:30 Shai : 631- (14:27) Shai : vos crosoed 300 we get actioon
14:30 Shai : you guys saw that
14:30 Rahul : yepppp
14:30 Avinash : Yup
14:30 Chetas : ys
14:30 Uttam : +100 Shai
14:30 Ankush Jain : yes
14:30 Chetas : what is the VOS level for BN
14:30 K2dt : +100 chief
14:31 Shai : sl now 11154- (14:19) Shai : NF for 11189 now(14:19) Shai : sl of 11124 still
14:31 Tejpreet : +1
14:31 Shai : +1
14:33 Adi : UG 22840 was also a prior SOC
14:34 Shai : 8 mins 20 points needed
14:34 Shai : same 11154 sl
14:34 Boppanna : Uttam has done his a hypo in BNF just an FYI for fresh longs
14:34 Uttam : on 8th Jul we had 0s in BNF at 22875
14:34 Uttam : that days ext handle was 22685
14:35 Uttam : 22820 then was the POC of the composite
14:35 Uttam : https://mplite.vtrender.com/?symbol=BANKNIFTY_E30-07-2020&tf=daily&tpo=24&ll=&ul=&sp=1&startDate=08-07-2020&endDate=&nDays=0&idstr=&dstr=2._2.4&rst=0&iam=
14:35 Uttam : 22890 is the VAH of this comp
14:35 Adi : any case BNF facing resistance around that zone
14:36 Shai : 10 more
14:36 Ankush Jain : aayega
14:36 Rahul : yes push
14:36 Uttam : 22888 aaya kya?
14:36 Shai : yes I know it will come, but now the adrenaline rushes when it comes on time given 🙂
14:36 Adi : 875 high
14:37 Shai : call me carzy- I donl;t mind
14:37 Uttam : 🙂 Shai
14:37 Ankush Jain : 🙂
14:37 Ketan : +1 shai
14:37 Sanjiv : 🙂
14:37 Jitender : cheers Shai..u have led well
14:37 K2dt : everyone has a poison chief 🙂
14:37 Jitender : kudos to u +100
14:37 Shai : _/\_
14:37 Tejpreet : Shai and his pack on the hunt +1
14:38 Aditya09 : cheers shai
14:39 Uttam : what has L in store?
14:39 Tejpreet : 23k
14:39 Ankush Jain : here we go
14:39 Uttam : 22888 here
14:39 Uttam : 22887.8
14:39 Shai : 11182 book half
14:39 Shai : 11160 trailing on rest
14:40 Rahul : +1 Shai
14:40 Boppanna : claps Shai+Uttam
14:40 Uttam : _/\_ 22890 so far
14:41 Vishnu : 2 dt done
14:41 Uttam : congo Vishnu
14:41 Vishnu : thnks ug
14:42 Tejpreet : cong vishnu
14:43 Shai : Congrats Vishnu
14:44 Vishnu : thanks shai
14:44 Vishnu : thanks all
14:44 Shai : hold at 11160
14:44 Shai : we may hit 11211
14:44 Vishnu : tp thanks
14:44 Uttam : thanks you Shai 🙂 11212 please
14:44 Vishnu : i need 23076?ug
14:45 Shai : 11184.9 – (14:19) Shai : NF for 11189 now
14:45 Jitender : +1
14:45 Shai : sl revised to 11160, tgt midified to 11212 for close
14:45 Ankush Jain : wow
14:45 Uttam : BNFff
14:46 Uttam : get going
14:46 Uttam : 22980 is that important IS which started the fall in BNF
14:46 Uttam : lets see if we can tag that
14:48 Shai : NF and BNF both going into premium
14:51 Irfan : sl hit
14:52 Shai : exot from position for now
14:52 Jitender : 878-824..half thru
14:53 Tejpreet : Ok so that IS is Jit +1
14:53 Jitender : tx
14:53 Uttam : 11100pe OI rising
14:53 K2dt : Jit comes with a bang 🙂
14:53 Vishnu : dip used for shorting
14:53 Jitender : tis idiot at 806…cmon bnf..gv me my 100
14:54 Vishnu : in 11100 pe ug?
14:54 Shai : maybe can do 1130 again
14:54 Shai : Is has come against the run of play
14:59 Jitender : 840 out on bal (14:52) Jitender : 878-824..half thru
15:00 Tejpreet : chalo then one last spike 🙂
15:00 Jitender : 🙂
15:01 Rajesh G : jit did u short bnf at 878
15:01 Jitender : ys
15:03 Vishnu : yes tp one last spike to 23076
15:04 KK : I was so worried that Jit is waiting for his 100, after entering that 22820, that I put SL at 22800, thinking ab to 100 gaye, it was a relief when he closed..:)
15:05 Jitender : dont gv me tat much credit K
15:05 Jitender : just a small time trader
15:06 KK : NiFTY is back with vengeance..
15:06 Amit Jain : same kk i just close my trade if againest at market order 🙂 has saved me a lot of times
15:08 Jitender : _/\_
15:14 Ankush Jain : safe to assume it is a NVD?
15:19 Shai : options are skewed bullish into close
15:20 Fenil : @shai – how would you tell if there is distribution going on?
15:20 Shai : 11200 ce is the last one to panic
15:20 Tejpreet : another gap up or drive
15:20 Shai : yes can gap up to 11222 zone
15:20 Uttam : yes 28L OI in that 11200ce
15:20 Uttam : has started to come down
15:21 Shai : @fenil distribution generally ha sbig money selling into rises . you see IB with red cots
15:21 Uttam : 11222 is also the 2 atr from yesterdays FA
15:22 Vishnu : bnf shai?
15:22 Fenil : Thanks
15:23 Jitender : not it gvs 100
15:23 Jitender : now’
15:23 Shai : BNF is at the big se;ller zone of 10th where we saw multipole IS
15:23 Vishnu : thnaks
15:23 Shai : if cross abv 22900 we may hit next vpoc of 23140
15:24 Shai : NF also a bullish close
15:24 Ankush Jain : it is for so many days
15:24 Shai : still think there was 50 points there today to 11222 as it managed 11130 well
15:25 Shai : 11130 ref line now tom
15:26 Shai : eyes on 11200 ce tom
15:26 Uttam : yes sir
15:26 Uttam : dukaan
15:26 Shai : which has abt 34 L of OI all created at 24 and 43 and all under water now
15:27 Tejpreet : dukaan on 23rd only 😉
15:27 Uttam : yes Shai down from 34l to 27l now
15:28 Sachith : bye everyone
15:29 Uttam : thanks All 🙂 have a lovely evening
15:29 Anuj : bye all
15:29 Giridhar Gowravajhal : Thanks Shai & Uttam !!! Bye all !!!
15:29 Aditya09 : bye all
15:29 Tejpreet : Bye All.
15:29 Shai : Bye all
15:29 Shai : Have a good evening
15:29 Irfan : bye all
15:29 Manikandan : Bye All
15:29 Shai : Let’s catch up tom
15:29 Himanshu : mbye all
15:29 Vishnu : bye all
15:30 Adi : Bye all and Good Evening