A good trader is a one who can make money consistently over a longer period of time. But how to become one such trader, who can make money in any type of market condition? A good trader keeps a close watch on the current information of the market and assesses it for change against previous information. You see current information through an Order Flow chart.
Order Flow can show how a collection of market participates has acted in the past and this helps to create profit by knowing if these traders are profitable or caught upside down.
NF
BNF
Room Chat
08:48 Vtrender Live : 5 min charts enhanced- https://join.me/293-832-756
08:49 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/663200557
09:00 Ravi Kumar : Good Morning guys
09:01 Rajan : Good morning all
09:02 Shai : Gm all
09:02 Rajesh G : gm all
09:02 Upendra : good morning all
09:02 Srividhya : good morning all
09:03 Santhosh null : GM all
09:03 Kunal null : gm all
09:03 Kunal null : gm all
09:03 Kunal null : has the chat started
09:04 Kunal null : hi
09:04 Himanshu : GM all
09:04 Chintan : Gm all
09:05 Prateeek : Good mornin
09:05 Kunal null : hi
09:05 Seshadri : good morning
09:05 Ashwath : good morning
09:05 Shai : 9025 ref line for the auction today
09:06 Shai : there wasn’t a lot of selling yesterday at 8915 zone , so we watch to see if that changes today
09:06 Shai : 8875 is support 2 for day below which 8740 opens up clean
09:07 Shai : upsides above 9050 later in day can bring a restest of 9130 and 9170
09:07 Prateeek : Good morning all
09:08 Gopi : gm all
09:08 Shai : 19650 zone to watch in BNF on any upsides
09:09 Uttam : Good Morning All 🙂
09:09 Shai : support at 19165 for intra along with 18970
09:09 Suhas : traderoom chart not visible..is it ok there guys?
09:09 Ankit : suhas chart is visible
09:10 Govind : Fine Suhas
09:10 MJ : Good morning chief and everyone
09:10 Sourav : good morning evry one
09:11 Tejpreet : GM All.
09:11 Suhas : some problem with my wifi may be then
09:12 Vishnu : gm all
09:12 Ankit : use the go to link and join me suhas and check
09:12 Chintan : 18970 SL for Bnf long ?
09:13 Uttam : sup below 19165
09:13 Chintan : ok UG
09:15 Naresh : Hello Friends. My first day with th tea, Thank you for the welcome.
09:16 Chandrashekhar : GM all
09:16 Uttam : welcome to VT NAresh
09:17 Suhas : yes join me is fine ..thanx ankit
09:17 Uttam : 0s at lows & COT turning plus
09:18 Tejpreet : 8970 to 9008 nf done.
09:18 Uttam : congo Tej
09:18 MJ : +1 tp
09:18 Jitender : +1 Tej
09:18 Tejpreet : tks guys
09:19 Shai : +1 TP
09:19 MJ : Motabhai back to the traders fav 200 ema. on daily.
09:19 Shai : fast moving 5 min open
09:20 Shai : ref line at 9015 holding
09:20 Suhas : congrats Tej
09:20 Tejpreet : tks Chief.
09:20 Tejpreet : tks Suhas
09:20 Shai : RIL up 8% on that FB news
09:21 Ankit : +1 tej
09:21 Govind : Shai, ref line 9025 or 9015?
09:22 Uttam : its a vol cluster Gov from 9015 to 9025
09:22 MJ : And 45% from your 920 levels /\
09:22 Shai : 9015-25
09:22 Govind : Ok, thanks
09:22 Shai : _/\_- (09:22) MJ : And 45% from your 920 levels /\
09:22 Shai : the rest will also come
09:23 Uttam : OAIR in NF
09:23 Uttam : BNF one more test of PDL will be nice
09:23 Kannan : OAIR?
09:23 Shai : good businesses can go down for 1 or 2 quarters but they bounce cos their promoters know how to run them and they just get better over time
09:24 Shai : Mota Bhai is getting things organised for his businesses whilst the rest are in sleep mode
09:24 Tejpreet : tks Ankit
09:24 Sanjib : 8970 to 8995 done
09:24 Uttam : congo Sanjib
09:25 MJ : Yes bossman!
09:25 Sanjib : _/\_ UG
09:25 Vishnu : booked i added at 940 levels today at 1312 in reliance
09:25 Govind : Congo Tej and Sanjib
09:25 Tejpreet : Anyone here trades crude ……whats te max lot size a retail trader can buy.
09:25 Sanjib : Tks Gov
09:25 Suhas : charts fine now
09:25 Sanjib : 100 barrels
09:25 MJ : Need patience and ispat below to hold at reference levels 🙂
09:25 Tejpreet : Sanjib that means 100 lots on F?
09:26 Sanjib : 1 lot = 100 barrels
09:26 Tejpreet : current price and margin needed.
09:26 Jitender : around 10k qty in nf tej
09:26 Ashwath : Uttam – BNF at PDL testing?
09:27 Tejpreet : tks Jit
09:27 Uttam : yes Ashwath
09:28 Shai : OAIR in play
09:28 Ashwath : ok. lets thanks
09:28 Shai : 8930- 9050 range of the auction in 1st half
09:28 Ashwath : +1
09:29 Uttam : ready to move lower looks like BNF
09:30 Uttam : getting accepted below PDL
09:30 Uttam : but vols too low
09:32 Govind : all banx are in red UG
09:32 Yash : brent 17$
09:33 Vishnu : shai bnf 30 of some screen above that
09:33 Chetas : it would be fun to see reliance in Red today 🙂
09:35 Jitender : hope u r not jio broadand Chetas 😉
09:35 Jitender : not on
09:35 Uttam : lol
09:35 Ashwath : lol
09:35 Boppanna : Opening 5 min low still holding in BNF but needs to sustain above 300 to even think of longs…shorts as long as 280 holds Uttams 18800 possible IMO
09:36 Shai : BNF down , NF up- you know who is responsible right?
09:36 Vishnu : ril
09:37 Ashwath : FB 🙂
09:37 Vishnu : haaa correct fb
09:37 Shai : Yeah Mark 🙂
09:38 Arjun : Motbhai can say now .
09:38 Arjun : mark idhar hai 😉
09:38 Vishnu : shai last 30 mins of 4 candles 8976 seems to be the are a of refe
09:39 Prateeek : with you chetas on this one
09:39 MJ : @Arjun haha!
09:40 MJ : 19160 greens bnf.
09:42 Uttam : 19064.75 low so far – b) The auction gets weak below 19280 and could move lower to 19224-200 / 19130 / 19065-28 / 18970-905 & 18770-700
09:42 Boppanna : +1 Uttam
09:42 Vijay : +1 UG
09:42 Sanjib : +1 UG
09:43 Sanjib : room charts stuck?
09:43 Jitender : 19064 MJ (09:40) MJ : 19160 greens bnf.
09:44 Uttam : NF testing morning 0s
09:44 Kunal null : chart gone
09:44 MJ : @jit was saying qty.
09:44 Jitender : k
09:44 Jitender : 19100 also has greens
09:44 MJ : yes
09:46 Boppanna : 19170-50 part out Shai’s ref 165 for short
09:46 Kunal null : issue with chart?
09:46 Jitender : +1 BoPs
09:47 Uttam : 30k red stuck at Shais 8930
09:48 Himanshu : kushal – no
09:48 Himanshu : it swrkg
09:50 Boppanna : some more out Shai’s 18970 next support close buy not worth holding the shorts for last 50
09:52 MJ : Vwap will be nice on these bnf greens.
09:53 Boppanna : all out..next short only 18970 or if it fails to at 280 again
09:53 Boppanna : *only below 970
09:54 Uttam : boom boom coming?
09:54 Uttam : 9020?
09:54 Uttam : BNF needs to sup though
09:55 Uttam : first step get back into prev day range
09:55 Uttam : @Shai the values in the BNF text box not the right ones
09:56 Uttam : dPOC at 20800
09:56 Uttam : VWAP at 20785
09:56 Shai : will check
09:56 Uttam : thanks
09:58 MJ : uttam please to push bnf thoda.
09:58 MJ : 🙂
09:59 Ashwath : no screen hsaring.
10:00 Ashwath : i’m making lot of spell mistakes today.. 🙁
10:01 Chandrashekhar : rejection @ Vwap for NF?
10:03 MJ : 5 and 30 min links working.
10:05 Shai : Ope n auction
10:05 Shai : No OTF
10:08 Shai : Bring your coffee mugs guys
10:08 Sanjib : @Shai Can we sell 9000 straddles here. VIX is flat
10:09 Uttam : @Sanjib Shai did give a sell in that yesterday
10:09 Govind : zero trades so far
10:09 Uttam : down to 225 now
10:10 Sanjib : Oh, I thought it was for intraday. Thanks UG
10:10 Shai : sl is 278 on the pair – (10:08) Sanjib : @Shai Can we sell 9000 straddles here. VIX is flat
10:10 Sanjib : Thanks Shai
10:10 Uttam : BNF to make a C side to Goa 😉
10:11 Shai : the problem with selling stradldles in a vix of 45 is that a 100 point NF move can come anytime
10:11 Sanjib : Thanks Shai, it helps
10:12 Shai : 130 ref line in 9000 pe still
10:12 Shai : below that sellers may again come in to grind it lower
10:13 Shai : 80 ref line in 9000 ce
10:13 Shai : more sellers in the CE 9000 if 78 breaks
10:14 Yash : No trades in NF yet, though MP helps a lot in confirmation for long trades, works in Stocks too,
10:15 Yash : yes missed auro by few points but worked well
10:15 Shai : Nifty shows cash liquidation from 9010 again today
10:15 Yash : all we need to understand movement and we can find some good moves
10:15 Yash : also learnt from Shai that it”s better to wait for the move
10:16 Sanjib : Motabhai about to cross VWAP
10:16 MJ : Above it in cash.
10:16 Chintan : RIL result today ?
10:17 Ankit : hehe good one sanjib
10:17 Ankit : +100 yash
10:17 Sanjib : I am looking at RIL MPLite chart as well 🙂
10:17 Rajan : +1 Sanjib
10:18 Ankit : always better to have different perspectives sanjib!
10:18 Chintan : sanjib what about RIL result ?
10:18 Ankit : nf 8953 to 8977
10:18 Sanjib : No, it’s not result news. Facebook buys 10% stake in Jio
10:18 Sanjib : Good one Ankit
10:19 Ankit : thx sanjib
10:20 Kunal null : not able to see chart
10:20 Uttam : NF fillinf up yesterday low vol zone
10:21 Yash : Shai this crude dram not affecting markets,
10:21 Yash : why so?
10:21 Yash : or cycle moves 2-3 days late?
10:23 Uttam : boom boom coming?
10:23 MJ : Aye
10:26 MJ : 9015 and then pdh?
10:26 Sanjiv : 9000PE 130
10:27 Sanjib : COT is getting redder
10:28 Chetas : yes red red redder
10:28 Govind : zzzzzz
10:28 Ankit : coffee as shai said
10:28 Vishnu : look c also 8976 poc . seems 8976 need to hold for up
10:28 Arjun : short unwinding ?
10:28 Govind : need something stronger
10:28 Vishnu : where arjun ?
10:29 Ankit : could have given my pre workout 😛
10:29 Arjun : was checking – the reason for negative COT
10:29 Chetas : yeah correct
10:29 Vishnu : its long unwinding not short
10:30 Govind : NF breadth increasing
10:30 Chandrashekhar : +1 Vishnu
10:30 Kannan : what is long unwinding?
10:30 Uttam : BNF back in prev day
10:30 Govind : KOtak in green, only one in BNF
10:30 Ankit : the 1.5 hours today are just a replica of 20th april
10:31 Suresh : 0s at top
10:31 MJ : bnf wants to get inside pd range.
10:31 Vishnu : kannan have u gone through training lbrary?
10:31 Govind : Kannan, long unwinding means whoever went long is exiting their position
10:31 Vishnu : suresh need bothside 0 not in oneside
10:32 Kannan : Thanks Govind
10:32 Suresh : oky thanks
10:32 Kannan : yes, Vishnu
10:32 Vishnu : those new here go thr TL atleast one time .
10:33 Seshadri : vishnu, kannan daughter is trading
10:33 MJ : Jit days like these too, we watchout for strength above day open?
10:34 Uttam : boom boom
10:34 Uttam : 91 to 110 9000ce
10:34 Sanjib : 9000 PE 130 to 108 out
10:34 Vishnu : +1 man
10:34 MJ : c high.
10:34 Boppanna : Uttam makes it happen 🙂
10:34 Vishnu : effect of 8976?-8980-9020 out
10:35 MJ : More coming ?
10:35 Uttam : 9050 coming
10:35 Uttam : BNF in fly mode
10:35 Seshadri : Shai, since we made a new high in C within first 2 hours, r we looking for more strength
10:35 Uttam : abov 19400 more upside possible in it
10:35 Govind : 9000CE APR 219 to 242 APR
10:36 Chandrashekhar : going up on red cot
10:36 Uttam : congo Gov
10:36 Govind : 9050 done Uttam
10:36 MJ : Bnf SIP from 19085 till 19030 booked half at vwap. Full at 19340
10:36 Govind : Thanks man
10:36 Sanjib : Nice Govind
10:37 MJ : nf 8958 9038 and holding 50%
10:37 Govind : Thanks Sanjib and congo MJ
10:37 Vishnu : 9053.55 is 1.5 ib hig made 9050
10:38 Uttam : 9025 has 78k red
10:38 Govind : 9050 was PBH y’day during D period, fyi
10:38 Shai : test of 9010 again
10:38 Shai : 9055 sl
10:38 Govind : 1.5L reds
10:38 MJ : All longs out.
10:38 Uttam : most of them under water Gov
10:38 MJ : For me.
10:39 Govind : Ok Uttam
10:39 MJ : Goes to that VWAP band and upside held.
10:39 MJ : @Gov cheers to you too.
10:39 Uttam : BNFffff
10:40 Uttam : going for 19600?
10:40 Uttam : 19460 minor hurdle
10:40 Shai : move sl to 9064 if in short
10:40 Shai : sl
10:40 Uttam : je baat
10:40 Uttam : (10:35) Uttam : BNF in fly mode(10:35) Uttam : abov 19400 more upside possible in it
10:41 Jitender : +1
10:41 Vijay : +1
10:41 Uttam : big reds in NF
10:41 Shai : +1
10:41 Ashwath : +1
10:41 Vijay : 19500ce 220-350
10:42 Ankit : +100 vijay
10:42 Ankit : congo to all in green
10:42 Seshadri : hit high of 9080 NF
10:42 Uttam : congo Vijay
10:42 Jitender : congo Vijay
10:42 Vijay : thanks guys
10:42 Govind : interestingly, RIL did not move much in this NF move
10:43 Uttam : BNF moved na Gov 😉
10:43 Uttam : 400 points in that
10:43 Shai : BNF moved it
10:43 Govind : yeah, Kotak followed by ICICI, Indua and Axis
10:44 Uttam : those reds in NF could give spike
10:44 Uttam : locals look like
10:44 Uttam : BNF needs ot stay above 19460
10:46 Seshadri : We failed to take out yesteday NF high
10:46 Seshadri : thats FA
10:46 Shai : 9010- 9020 supp
10:46 Boppanna : Shai OTF here?
10:47 Ankit : nf 30 mins in go to needs adjustment shai
10:48 Uttam : those 9000pe writers got out of jain Shai?
10:48 Uttam : jail*
10:48 Shai : These reds are yesterday longs at 8920 booking
10:49 Suhas : +1
10:49 Uttam : boom 2 coming?
10:50 Shai : Abv 9085 we consider longs for 9135/ 9175
10:50 Yash : shai, 9000ce in control now?
10:51 Shai : edge of range
10:51 Shai : no control yet
10:52 Shai : still 8930- 9075 range
10:52 Boppanna : 300 test in BNF would be good
10:52 Seshadri : There is anamoly at 9030-9018 in
10:53 Seshadri : C
10:53 Uttam : thats an extension handle
10:53 Boppanna : Uttam ext
10:53 Shai : C is extended = so won’t conside rthe setup
10:53 Shai : plus has laregr vol;s
10:53 Seshadri : OK
10:53 Shai : but don’t buy here
10:53 Shai : it’s edge of range
10:54 Uttam : 9000 OI crossover happening in style
10:54 Uttam : huge addition in PE
10:54 Uttam : below Shai’s level of 130
10:54 Kunal null : what is the anamoly
10:55 Kunal null : at 9030 -9018
10:55 Ankit : Shai…. 30 mins go to link needs readjustment
10:55 Kunal null : how to identify
10:56 Himanshu : yes NF bar is out of monitor
10:56 Uttam : NF broke out of range Kunal
10:56 Himanshu : i see it in wall
10:56 Kunal null : ok
10:56 Uttam : so the IBH of 9013 is an extension handle now
10:56 Uttam : you can see that level marked in the MP chart too
10:56 Kunal null : ok
10:58 Kunal null : meaning do we need to check for volumes when price comes around that level to identify acceptance of rejection and then trade according ly
10:58 Shai : NF long abv 9088 for 9135 and 9170 sl of 9037
10:58 Vishnu : we have 2 sets of 0s in 30 min of around 8930 level. important
10:59 Shai : yes that’s why mentiooned 8928 from yesterday- (10:58) Vishnu : we have 2 sets of 0s in 30 min of around 8930 level. important
10:59 Vishnu : +100 shai
11:00 Shai : +1 Vishnu- Good ones!
11:00 Uttam : (10:44) Uttam : those reds in NF could give spike(10:44) Uttam : locals look like
11:00 Vijay : +1 Vishnu
11:00 Vishnu : u made it man thanks to u only shai
11:00 Uttam : nice Vishnu 🙂
11:01 Uttam : 9094 is 2 IB in NF
11:02 Ankit : yes.. and possible supply (if any)
11:02 Himanshu : vishnu
11:02 Himanshu : thanks – chief andf UG
11:02 Himanshu : for larger postions in OPtion Sell side
11:02 Himanshu : this zero quant – i mean
11:02 Himanshu : end of auction is
11:02 Himanshu : very imp clue
11:03 Vishnu : already c has minus -3l cot. need good cot to mve up. otherwise rotation
11:03 Uttam : -2.5L COT alrewady under water Vishnu
11:04 Uttam : look for them to exit now
11:04 Uttam : they will only give this spike
11:04 Vishnu : i used that 0s to sell 9000 put rided it from 130 levels to till . booked half at 85 & holding rest with cost.
11:04 Vishnu : give them an exit ug
11:05 Uttam : BNF also changing gears looks like
11:05 Ankit : 2 IB done
11:05 Uttam : done – (11:01) Uttam : 9094 is 2 IB in NF
11:05 Shai : If in NF longs stay, cover at cost. we stay out of this 1
11:07 Shai : 75 support in 9000 pe
11:08 Vishnu : thanks shai
11:08 Shai : 70 is the vpoc
11:08 Vishnu : booked hald again so only 25 % actual size holding
11:08 Shai : if they break below 70, the move up in NF shooudl continue
11:09 Shai : else deep red afternoon is coming
11:10 Yash : +shai,
11:10 Yash : will wait 9000ce to break that ext handle 😀
11:13 Uttam : E for nw ext handle coming?
11:13 Uttam : BNFfff
11:13 Uttam : tags 1.5 IB
11:14 Uttam : (10:39) Uttam : BNFffff(10:40) Uttam : going for 19600?
11:14 Boppanna : claps Uttam
11:14 Uttam : _/\_
11:15 Shai : +1 Uttam
11:15 Boppanna : D made that 300 check at 330 in BNF
11:15 Uttam : thanks Shai 🙂 _/\_
11:16 Govind : NF 9100ce from 207 to 233.5 APR, tough to sit thru that one
11:20 Gopi : make in india 2.0 hype now
11:24 Seshadri : 9000 put shot up from 66 to 77
11:24 Ankit : nf 9106 to 9080
11:25 Vijay : +1 Ankit
11:25 Ankit : didnt play the big green candle bro… didnt trade as i didnt expect such a move and i avoid fomo
11:25 Ankit : 20 point mehnat ke
11:26 Ankit : pheww
11:26 Jitender : +1 Ankit
11:26 Jitender : u haave learnt the turtle way
11:26 Yash : motabhai reversing?
11:26 Govind : COngo Ankit
11:26 Ankit : thank you jit …special thanks to you
11:26 Ankit : thx gov
11:27 Jitender : wc bro
11:28 Himanshu : ankit – cong
11:28 Himanshu : i made few msitakes today in reading foirst 5 mt
11:28 Himanshu : and -1.5 dt
11:28 Himanshu : slwoly recoverng
11:28 Himanshu : with same Mehnat
11:28 Ankit : thx H
11:29 Himanshu : specially those zeros – in secon dbar was clue
11:29 Suhas : congrats all green MTM
11:29 Ankit : great! yes, with calmer market, you make the right ones
11:29 Govind : You’ll recover Himanshu
11:30 Shai : Buy 9000 pe abv 90 sl of 69 tgt 113/ 144
11:30 Shai : cmp 82
11:30 Shai : we buy abv
11:31 Ankit : supply in previous 9100zone. lets see how it pans out
11:31 Ankit : yes chief!
11:31 Seshadri : ok shai
11:31 Shai : 9060 breaks here we get vwap
11:32 Kunal null : is 9060 dvah
11:33 Kunal null : 9060 gone
11:35 Vijay : 19000pe 215-240
11:35 Shai : (11:08) Shai : if they break below 70, the move up in NF shooudl continue
11:35 Shai : 2 secs below 70
11:35 Uttam : +1 Shai
11:36 Uttam : immediately got back above 70
11:36 Ankit : yes
11:36 JayJ : thanks shai fr that lever
11:36 Shai : 9096 sl- (11:31) Shai : 9060 breaks here we get vwap
11:36 Kunal null : how was the sl arrived 9096
11:37 Shai : 2IB
11:38 Uttam : BNF tests VWAP
11:38 Uttam : NF stalling at that 9050 mark
11:41 Vijay : BNF touched 1/2 and rebound
11:42 Uttam : you have vwap also there
11:42 Vijay : yes
11:42 Uttam : plys yPOC
11:42 Uttam : 19280
11:42 Uttam : these 2 are better references 🙂
11:42 Vijay : So good reference point for today
11:46 Shai : hold the trade
11:47 MJ : 19354 to 19460. Ibh bounce trade 🙂
11:47 Shai : exit if 9102 is crossed
11:47 Shai : will allow 6 point filter here
11:48 Ankit : yes shai
11:48 Jitender : MJ (09:43) Jitender : 19064 MJ (09:40) MJ : 19160 greens bnf.(09:44) Jitender : 19100 also has greens
11:48 Jitender : yr ispat ok now 🙂
11:49 MJ : haha 🙂
11:49 MJ : jit been btfd for me since morning.
11:49 Chintan : no chart ?
11:49 Jitender : mine went golden 😉
11:49 MJ : Just one c period short.
11:49 MJ : via 9100 pe
11:49 MJ : exited quick.
11:50 Jitender : chart tere Chintan
11:50 Suhas : chintan refresh it
11:50 MJ : +1 Jit 🙂
11:51 Ankit : 9102 to the dot
11:51 Ankit : looks downwards for now
11:51 Ankit : imo
11:51 Ravi Kumar : +1, so precise
11:51 Shai : tested 70 again
11:51 Shai : that put has to cross 88
11:52 Jitender : sniper …Ravi…Shai is the best of tem
11:52 Shai : _/\_
11:52 Ankit : +1 shai _/\_
11:54 Jitender : one -two buffalo’s rest of us try to hit daily fr out DTs…
11:54 Ankit : hehe
11:55 Ankit : 9065 possible?
11:59 Shai : bada socho
11:59 Shai : vwap chahiye
11:59 Ankit : hehe chahiye to vwap
12:00 Uttam : yes 9018
12:00 Ankit : but seems a bit choppy to me here isliye
12:00 Shai : real game at vwap today
12:00 Ankit : yes totally +100
12:01 Ankit : meanwhile in parallel world 9094 to 9076
12:02 Jitender : CME to allow -ve commodity prices from today
12:02 Shai : for all?
12:03 Tejpreet : Jit these _ve prices have got lot of people getting hooked on to trading commodities.
12:03 Jitender : gambling rarely pays off
12:03 Tejpreet : 🙂
12:04 Shai : NF short stoppeed
12:04 Uttam : and theri trading account will get negtive then #praydoesnthappen
12:04 Shai : Make exits
12:04 Uttam : their*
12:04 Tejpreet : they say we have holding capacity and will sell at 50-60 $
12:04 Tejpreet : crude oil
12:05 Jitender : one guy i know…his broker has a 30ce debit…one client account off 8cr wiped off and tat client still has a shortfall of 2.5cr to pay
12:05 Jitender : 30cr
12:05 Vijay : OMG
12:05 Shai : 🙁
12:05 Shai : massive
12:05 Jitender : yup
12:05 Ankit : so unfortunate
12:05 Ankit : i know one in jaipur too
12:05 Ankit : 20cr –
12:05 Jitender : wat tat guy n his family wud be going thru
12:05 Shai : This is exchange siding with shorts openly
12:05 Ankit : yea
12:06 Shai : they should have annoucned beginning of contract , not last day
12:06 Jitender : coz tey wud have calculated were their profits lie..initually tey went with Rs. 1 as settlement price
12:06 Shai : some 1 wrote a nice article on how they do OI freezes etc for bullish prices but don’t freeze when prices go down
12:07 Tejpreet : Technically below 0 on last day of contract can be challenged in court
12:07 Shai : yes
12:07 Ravi Kumar : please share the article link
12:07 Jitender : legally the definition of contract will solve this issue…whether -ve price can be possible in derv as per MCX constitution…..
12:07 Shai : hope they take the exchange to court
12:07 Shai : it’s one or two guys who have sinister motives
12:07 Jitender : plus MCX has a clearing corp which is a guarantor to all MCX trades
12:08 Jitender : so tey r the ones who will have to cough up
12:08 Uttam : season of DDs here
12:08 Uttam : NF looks like naother DD today
12:08 Jitender : Mango season
12:08 Uttam : 2 small distrubutions so fat
12:08 Vijay : lol
12:09 Jitender : yh..DD is like a Mango with dent in between 🙂
12:09 Uttam : 🙂
12:09 Vijay : haha
12:09 Uttam : gutli
12:09 MJ : Gutli at 9018
12:09 Jitender : gutli is wats left of one side when its taken to cleaners
12:10 Jitender : in case of crude…gulti also went -ve
12:10 Jitender : socho
12:17 Piyush : seems no Stimulus today? Javdekar to address media on Cabinet meeting outcome.
12:17 Piyush : CNBC showing.
12:17 Ankit : Abhi position nahi liya hoga kuch logon ne 😛
12:18 Yash : they will annouce to make more oil reserves so when we go -Ve next time, they store it in 2030 =))
12:19 Kunal null : hi
12:20 Himanshu : all diwqli picks of cnbc are under deep water
12:20 Himanshu : more than 50% pdown
12:20 Jitender : Guys on zerodha getting sum infi since yday…pls just be vigilant…the broker community in delhi is worried abt tem
12:21 Jitender : info
12:21 Jitender : i know abt the tv interview n article etc but beyond tat the grapewine is very ripe
12:22 Swapnil : What Jitender?
12:22 Tejpreet : You mean a Karvy kind of story.
12:23 Jitender : yup
12:23 Vijay : ohh
12:24 Jitender : but grapevine
12:25 Seshadri : DPOC has moved to 9102.. what does it mean
12:26 Gopi : good OI at 9k and 9100pe
12:26 Uttam : more volumes have come higher whih is because we have been in this upper distribution from good time
12:26 Uttam : but overall low vols today
12:27 Kunal null : is vwap for the day is 9033
12:27 Uttam : yes
12:27 Yash : Shai, your ref for positional short sl on upside?
12:28 Uttam : 9175
12:28 Yash : ok that also matches our 3ib today almost
12:28 Uttam : this level was given by Shai yestrday close
12:29 Yash : yes, I didnt remember exact figure
12:29 JayJ : uttam why do you say we are in distribution ..why not accumulation just for my understanding
12:30 Uttam : Distribution is a MP term for the profile
12:30 Vishnu : upper level distribuition going on ?
12:30 Uttam : the shape of the profile if forms a nice balance is seen as Distribution
12:31 JayJ : ok great
12:32 Uttam : boom boom 3?
12:32 Uttam : shorts ki SL lag gayi’
12:32 Uttam : 0s at 9110
12:33 Uttam : 0s at top too in this bar
12:33 Uttam : 9130 almost tagged
12:33 Suhas : 37 red
12:33 Shrishti : IB on big neg cot
12:33 Boppanna : 1.3lk red
12:34 Uttam : yes thats 1.3L
12:34 Uttam : mix of orders looks like
12:38 Vijay : double 0″s at 9130
12:41 Uttam : one more spike cming
12:41 Uttam : H period wala
12:41 Uttam : Bops ke naam
12:42 Uttam : if BNF was in sync NF would have gone to Mars 😉
12:44 Sanjib : RIL doing a typical OAOR and now RE
12:46 Himanshu : UGmove away from 9102 in second half
12:46 Himanshu : is possible ?
12:47 MJ : 9102 holding
12:48 Shai : yes and 905-60
12:49 Boppanna : Uttam BNF doesn’t know where to go u just showed the way till 600
12:50 MJ : Question to the stock experts here: How does crude change things for stocks that move based on crude pricing? Eg: rubber co, paint co?
12:50 MJ : Maybe will move to slack.
12:51 Swapnil : Charts stuck?
12:52 Ravi Kumar : yes
12:52 Leela : s
12:54 Govind : charts fine guys
12:56 Chetas : above yesterday vwap in Bn , can we rally?
12:57 Vishnu : am not look into buy as cot not convincing here . rather i look to see IS
12:57 Sanjib : +1 Vishnu
12:58 Vishnu : infact got 9000 pe still am riding 25% qty
12:58 MJ : spot no new high.
12:59 Suhas : stop hunting moves no follow thru
12:59 Ankit : yep
12:59 Ankit : choppy
13:00 Ankit : 9175 on test seems like
13:00 Ankit : uttam must be riding it i am sure 😛
13:00 Vijay : 19500ce 337-380
13:01 Uttam : (12:41) Uttam : one more spike cming(12:41) Uttam : H period wala
13:01 Uttam : boom boom
13:01 Shai : 9175 is the big one left
13:03 Uttam : lol Bops 🙂 (12:49) Boppanna : Uttam BNF doesn’t know where to go u just showed the way till 600
13:03 Uttam : needs to get anove 19588 BNF
13:03 Govind : 9200CE APR from 175 to 194.9, DT done finally
13:03 Uttam : for a probable move to 19655 & 19755
13:03 Uttam : congo Gov
13:03 Govind : Thanks Uttam
13:04 Uttam : 10mins for you to do it in BNF Bops
13:04 Uttam : bring out the hammer here also
13:04 Uttam : another 1L red in NF at 9151
13:06 Gopi : ril circuit
13:06 Vishnu : if this week also a balanced week the booom boom in weekly basis on next week ‘
13:06 Jitender : congo Gov n all in green
13:07 Ankit : congo all
13:07 Suhas : congo govinf
13:07 Suhas : govind*
13:08 Leela : IS cmng in bnf after RS
13:09 Uttam : needs to break below 19399 & sustain BNF
13:09 Sanjib : Great Gov
13:09 Uttam : 5 more mins Bops
13:09 Govind : Thanks guys
13:11 Chetas : jio deal, is it bad for banks?
13:12 Chetas : like a destructive digital bank?
13:12 Uttam : BNF high has EH which means it needs to give an Ext Handle
13:13 MJ : Poor high
13:13 MJ : Kardo fix UG
13:13 Vishnu : bnf not participating this up. seems any bad in back ?
13:14 Gopi : Ril resposibe fr NF
13:14 MJ : ril freeze
13:14 Vishnu : yes
13:14 Uttam : ab NF ka kya hoga ;-p
13:16 Rajiv Ohri : HOw long is the freeze for?
13:16 VaibhavG : opened
13:17 Himanshu : opend
13:17 Himanshu : is opening an freezeing
13:17 Himanshu : seems safe heaven buying like once we saw for HIn lev
13:18 Himanshu : may be re did forward buying WTI at cheap rate
13:18 Himanshu : Rel must have played some game in thsi Crude
13:27 Jitender : 54-337 bnf done…missed bookn earlier
13:27 Jitender : 540
13:27 Ankit : waah
13:27 Ankit : _/\_
13:27 Ankit : humara miss ho jaaye to mud ke nahi aata price wahan
13:27 Ankit : 😛
13:28 Jitender : came to vwap n bounced ….but thankfully back down
13:28 Suhas : boom
13:28 Jitender : tv playn the news tat no stimulus package helped
13:28 Govind : Congo Jit
13:28 Uttam : 75k red at 9110
13:28 Leela : bnf IS after RS near vwap
13:29 Jitender : tey did a full 10mins on it
13:29 Jitender : tx guys
13:29 Jitender : Ankit wat yday last PBH in bnf ?
13:30 Upendra : around 19470
13:30 Jitender : 515
13:30 Ankit : 19511
13:30 Ankit : yes
13:30 Upendra : yeah
13:31 Jitender : so vwap touch was due from tere 🙂
13:31 Jitender : once u gt reds
13:31 Upendra : got it
13:32 Ankit : +1 jit
13:32 Upendra : +1
13:32 Suhas : +1
13:32 Uttam : BNF bleeding
13:32 Jitender : were
13:32 Chintan : mota bhai is holding NF solid
13:34 MJ : 9093 and 9102 ref. went long
13:34 MJ : joh mila woh 🙂
13:35 Govind : will DPOC hold again in NF?
13:36 Vishnu : 9140-9099did
13:40 Shai : 9080 and 9056 supp
13:44 Suhas : 2DT done comfortably
13:44 MJ : Thanks chief. helps manage long sides.
13:44 Jitender : +1 Suhas
13:44 Govind : COngo Suhas
13:45 Uttam : congo doc
13:45 Suhas : Thnx all
13:46 Shai : these reds from 9160 are more determined than all that came from open
13:48 Amit Jain : made one trip with them from 9160 to 9135 ..
13:48 Himanshu : UG – BNF has lot of weak candidates- Indusind, RBL, Yes B, all Psu bk
13:49 Himanshu : HDFC- ICICI not wlring today
13:49 Himanshu : seems – Financial are churn with Relaince, and IT
13:49 Shai : +1- (13:48) Amit Jain : made one trip with them from 9160 to 9135 ..
13:51 Vishnu : shai can i hold the baalnce pe to tom sell
13:51 Shai : 9177 SL on clsoe
13:51 Vishnu : shai am in short of that 9000 pe
13:51 Shai : 09:07) Shai : upsides above 9050 later in day can bring a restest of 9130 and 9170
13:52 Shai : 71 sl- (13:51) Vishnu : shai am in short of that 9000 pe
13:52 Vishnu : thanks
13:52 Kunal null : shai – please forward the message of thvtrade trade
13:53 Kunal null : sl 9177 on close
13:53 Shai : no trade open
13:53 Shai : we go short below 9060 only
13:54 Kunal null : ok
13:54 Shai : (13:40) Shai : 9080 and 9056 supp
13:54 Himanshu : rel down 45 rs from hih
13:55 Shai : NF flat now
13:56 Kunal null : can today become a p type pattern
13:56 Kunal null : and a normal variation day
13:57 Uttam : post IB NF is a ‘p’
13:57 Govind : NF still in discount Shai
13:57 Uttam : but we are only forming value in that gap zone
13:57 Shai : yes marginal again- (13:57) Govind : NF still in discount Shai
13:57 Uttam : weekly DD still in play
13:58 Uttam : BNF has formed 2 nice balances
14:03 Chetas : with P in Nifty and , 2 balance in BNF, can we expect ranged movement now?
14:06 Uttam : BNF going to finihs some incomplete work?
14:07 MJ : boom boom!
14:07 MJ : 9102 9093 ref
14:07 Suhas : RIL correcting
14:08 MJ : ID guys taking money home over there @suhas
14:09 Uttam : BNF getting ready for spike?
14:09 Uttam : 19630 on
14:10 Govind : 25k green right at NF top
14:10 Ankit : wish it was 1L
14:10 MJ : Gov higher please.
14:11 MJ : above that vpoc.
14:14 MJ : ah nice COT in blue too.
14:14 MJ : 3ib tag
14:14 MJ : come on.
14:15 Yugal : blue means spike ?
14:16 Uttam : (14:09) Uttam : BNF getting ready for spike?(14:09) Uttam : 19630 on
14:16 Yugal : thanKs UG 🙂
14:16 Govind : big greens
14:16 Sanjib : UG +100
14:16 Ankit : final shot nf 9140 to 9172
14:17 Ankit : thanks uttam
14:17 MJ : Awesome ankit
14:17 Uttam : next 19880
14:17 Ankit : you too Mj
14:17 MJ : 9110 till 9093 was picking.
14:17 Ankit : your 3 IB i booked
14:17 MJ : Booked at 3ib
14:17 Ankit : :O
14:17 Uttam : if BNF gets greens above 19630
14:17 Uttam : 9174.4
14:17 Vishnu : 3 ib did in nf
14:18 Diipesh : bnf 690-635 thanx uttam
14:18 Govind : happy MJ?
14:18 MJ : If UG has furthermore plans will book out balance around 9192 9209
14:18 Uttam : 19715 & 19870 in BNF if we are spiking
14:18 MJ : Yeah Gov 🙂 gracias.
14:19 Uttam : NF needs to get above 9180
14:19 Ankit : giving more utam?
14:19 MJ : TSL on. Now take it uppar UG.
14:20 Govind : UG wants vwap upper band Ankit
14:20 Govind : 🙂
14:20 Ankit : hehe
14:20 Diipesh : bnf 490-635
14:20 Ankit : this man has been so bullish since last week
14:21 Uttam : 23 minutes wait seems long 😉
14:22 Uttam : who me ;-p – (14:20) Ankit : this man has been so bullish since last week
14:23 Ankit : hehe yes
14:23 Uttam : bullish to tumhara woh keeda tha ;-p
14:23 Ankit : heheh
14:24 Jitender : wats tere in PC ?
14:27 MJ : ib with 1L ++ cot
14:27 MJ : Oh now it went munus
14:27 MJ : minus*
14:28 Shai : 0’s
14:28 MJ : Ok bossman
14:28 Vishnu : 0s at your levlshai
14:29 Shai : 9180 is a vpoc
14:29 Uttam : 15 mins more – (14:21) Uttam : 23 minutes wait seems long 😉
14:29 Shrishti : On a day like today…wherever we see IS we are seeing big red COTs…and most IB has been with negative cot..what does that indicate
14:29 Uttam : spiek coming early?
14:29 Govind : Uttam taking this above 9180
14:30 Ankit : 9180 done
14:30 Ankit : ab aage ka kya plan hai uttam?
14:30 Ankit : 😛
14:30 MJ : Ankit, 9218 minimum
14:30 Uttam : (14:19) Uttam : c) Above 9180, NF can probe higher to 9215-28 / 9260-70* / 9299 / 9332-37 & 9365-85
14:30 MJ : Please
14:30 Ankit : thx
14:30 Govind : +1 Uttam
14:30 Shai : +1
14:31 MJ : 9080 tough cookie @Shai 🙂
14:31 Govind : NV day today right?
14:31 Uttam : yes Gov
14:31 Ankit : 1 hr left.. too much time
14:31 Govind : PLayed perfectly to the V script
14:31 Uttam : though frm C we are doing a OTF
14:31 Ankit : bom
14:31 Govind : NV*
14:31 MJ : Govind has ordered vwap bands
14:31 Uttam : BNFfff
14:31 Uttam : show somore more power
14:32 Govind : all global indices are up too
14:34 Uttam : (14:18) Uttam : 19715 & 19870 in BNF if we are spiking
14:34 MJ : 9192 out more. 25% holding now.
14:34 MJ : Monday low 9215ish also good. 🙂
14:35 Ankit : 1.8 X done
14:35 Ankit : all out
14:35 Ankit : pheww
14:35 Rajan : +100
14:35 Ankit : tough day though
14:35 Vijay : Congo guys
14:35 Ankit : thx guys
14:36 Govind : 9144 to 9190
14:36 Uttam : congo guys
14:36 Govind : Thanks Uttam and congo everyone
14:36 MJ : Thanks all.
14:38 Uttam : 6 more mins to go
14:38 Shai : gap cleared of yesterday?
14:39 Uttam : 9215
14:39 Uttam : was low
14:39 Uttam : BNF has long was to go though 😉
14:39 Uttam : 20375
14:39 Govind : 17 points left Shai
14:39 Shai : ok
14:40 Jitender : bnf in IB land
14:41 Rajiv Ohri : IB Land?
14:41 Shrishti : BNF done 80%…
14:41 Jitender : IBs in 5 mins m referrn to
14:41 Jitender : though fresh longs dont hv good r/r here..bnf
14:41 MJ : Jit those morning greens had an agenda.
14:41 Govind : Yeah Jit, nice flurescent IBs
14:41 Shai : yes BNF has taken over now
14:42 Uttam : 19715
14:42 Uttam : next 19870
14:42 Uttam : 19500ce from 390 to 438
14:42 Uttam : CE OI dropping
14:43 Uttam : last minute
14:43 Uttam : boom boom coming
14:44 Uttam : BNF leaving ext handle right at that 19600
14:44 Uttam : (14:16) Uttam : (14:09) Uttam : BNF getting ready for spike?(14:09) Uttam : 19630 on(14:18) Uttam : 19715 & 19870 in BNF if we are spiking
14:45 MJ : Monday low tagged 🙂
14:45 Uttam : NF does first tgt above hypo of 9180
14:45 Govind : about to close the gap
14:45 MJ : well .7 point way
14:45 Uttam : 9212 imp levle in NF
14:45 Uttam : Ankit knows about it
14:45 MJ : Ye kya hai UG.
14:45 MJ : Even we want to know 🙂
14:46 Uttam : but when BNF is in this mood no levels remain imp 🙂
14:46 Ankit : hehe agreed
14:46 Uttam : BNF marching towards 19870
14:47 Uttam : above 9228, NF can go for the VPOC of 9270
14:47 Uttam : 19815 high in BNF so far
14:47 Uttam : 55 more to go
14:48 Uttam : good boy
14:48 MJ : vwap band moved from 9250 to 9276 expansion there.
14:48 Govind : yes MJ, it is supposed to
14:49 Govind : Gap closed
14:49 Uttam : 9228 on watch in NF
14:49 Jitender : 10 mins left (14:24) Jitender : wats tere in PC ?
14:49 Uttam : that prominent POC of 9270 calling above it
14:49 MJ : 9100 ce 125 144
14:50 Uttam : BNF 19837 so far, 33 more
14:50 Govind : there is a PC today? missed that one
14:50 Prateeek : it has been cancelled
14:50 Jitender : yup cabinet mtng breifn
14:50 Uttam : some reds coming in bpth last 3 5 mins bars
14:50 Jitender : wen ?(14:50) Prateeek : it has been cancelled
14:51 Shai : gap done
14:51 Vijay : medical briefing is cancelled
14:51 Shai : tricky environment
14:51 Vijay : not the PC
14:51 Prateeek : ok. got confused
14:52 Uttam : BNF did give some signs early – (14:09) Uttam : BNF getting ready for spike?
14:52 Uttam : a) BNF has immediate supply at 19350 above which it could rise to 19400-480 / 19525-588 / 19625-655 / 19755-767 & 19828-870
14:54 Govind : Premium back in NF
14:54 Uttam : NF spoiled the daily DD yesterday & now spoiled the weekly one too
14:55 Uttam : last round of short squeeze coming?
14:57 Shai : tricky it is
14:58 Shai : either 40 abv 9220 or bear pushes strongly at the close for a close bellow 9180
14:58 Uttam : option 1 Shai 😉
14:58 Sandesh : 9180 below sir
14:59 Suhas : 9200 OI 12LAC VS 7LAC
14:59 Rajan : UG wants to celebrate with the stock he got yday 🙂
14:59 Suhas : ce 12
14:59 Shai : 🙂
14:59 Uttam : @Suhas 9100ce also was above 15L ometime back
15:00 Uttam : lol – (14:59) Rajan : UG wants to celebrate with the stock he got yday 🙂
15:00 Suhas : yah
15:00 Leela : shai positionla SL in nifty
15:00 Jitender : 652
15:00 Uttam : Sandesh has the money power to bring it down 🙂
15:01 Shai : 9415 remains- (15:00) Leela : shai positionla SL in nifty
15:01 Jitender : pc on
15:01 Shai : technical gap fill done
15:01 Uttam : yes Shai
15:01 Shai : bear will push for a close below 9180
15:01 Jitender : gt it (15:00) Jitender : 652
15:01 Jitender : 806-652 done
15:01 Jitender : jmd
15:02 Chintan : +1 jit
15:02 Ankit : +1 jit
15:02 Uttam : BNF going back to 19500
15:02 Ankit : super trade
15:02 Govind : Awesome Jit
15:02 Uttam : ext handle of 19600 tagged
15:02 MJ : superb Jit.
15:02 Jitender : was running away from tis 🙂 (14:41) Jitender : though fresh longs dont hv good r/r here..bnf
15:02 Jitender : tx guys
15:03 Vishnu : +100jit
15:03 Ankit : yes
15:03 MJ : 51k COT followed by 2 20k in bnf.
15:03 MJ : red* cot
15:03 MJ : Tomorrow 3ib Setup in play post ib period.
15:04 Shai : High risk short for 9100 sl of 9220
15:05 Seshadri : do u see 9084 comin tomororw shai
15:05 Vishnu : ye mj
15:06 Shrishti : shai this is overnight
15:06 Shrishti : or for now
15:06 Shai : now
15:06 Ankit : now
15:06 Uttam : nice 2 day balance in BNF
15:09 Shai : trail down to 9197- (15:04) Shai : High risk short for 9100 sl of 9220
15:10 Rajiv Ohri : nothing on PC!
15:10 Rajiv Ohri : in
15:11 Shai : don’t know what that PC is about, but it got the bul;s super excited
15:11 Vishnu : yes
15:11 Shai : And bears willing to sell to them easy all afternoon
15:11 MJ : Chief reds through from 9170ish till 9219?
15:11 Shai : yes
15:12 Rajiv Ohri : just a promulgation of the Ordinance
15:12 MJ : Can help our case for 3ib setup 🙂 just don’t gap up.
15:12 MJ : Or down.
15:12 Leela : is it short covering r fresh longs
15:12 Prakash : Shai, in 30 Mins except for a couple its only -ve COT across the day..
15:13 Chintan : Longs are booking
15:13 Shai : yes
15:13 Yash : Shai, Red Cots all the way, can carry some PEs?
15:13 Shai : can
15:14 Shrishti : what kind of PEs are best ti carry…9000 april 30?
15:14 Shai : Atm
15:15 Shai : yes april 30
15:15 Shrishti : so 9200
15:17 Shrishti : thank you
15:17 Shai : exit the NF future trade
15:18 Shai : we take this up tom
15:18 Shrishti : Chief why didnt we doubt the upmove when it was only on negative COT?
15:18 Uttam : right from open sellers were doing a bad job
15:18 Uttam : post IB 1.5L red were under water
15:19 Uttam : auction never went back to those levels
15:19 Shai : yes
15:19 Shai : they are still in the system though
15:19 Uttam : most could be locals
15:19 Shai : sellers have kept adding at higher prices
15:20 Suhas : what is bias for tomorrow shai
15:20 Suhas : expiry special
15:20 Shrishti : thank you
15:23 Ankit : see you all tom
15:24 Vijay : Bye All
15:26 Yash : I sense something in RIL PEs, though not sure
15:27 Shai : fin services and banks came back in afternoon
15:27 Uttam : yes Shai good close in BNF?
15:27 Shai : they were dragging at open
15:27 Uttam : can have some more fuel left?
15:27 Shai : BNF inside
15:27 Uttam : 2 day balance
15:27 Shai : yes
15:27 Uttam : will be a nice play in it tom
15:27 Uttam : NF also 9228 upper side ref
15:28 Uttam : if not taken out tom then PLR down
15:28 Uttam : its all on BNF looks like
15:28 Govind : Anuj says gap up tomorrow 🙂
15:28 Shai : yes
15:28 Shai : 🙂
15:28 Uttam : green shirt & tie for him tom?
15:29 Shai : Bye all
15:29 Uttam : thanks All 🙂 have a lovely evening
15:29 MJ : BRN close. nf.
15:29 Shai : Have a nice evening
15:29 MJ : bye all.
15:29 Sandesh : bye all
15:29 Govind : crucial PMI data coming tomorrow, will make it itnteresting
15:29 Rajan : Thanks All. Bye
15:29 Ravi Kumar : bye all
15:29 Govind : bye all
15:29 Uttam : BNF good greens into the close
15:29 Santhosh null : thank you bye
15:29 Upendra : thank all and see u tomorrow