Many traders are used to viewing volume as a histogram beneath a price chart. This approach shows the amount of volume traded below the price Bar. The Order Flow approach is to see the Volume traded inside or within the price bar, an important distinction.
Order Flow trading is thinking about what order market participants do and when you think along this, you can anticipate what kind of action they will be taking in the market. This is a very important concept in Order Flow.
NF
BNF
Room Chat
08:57 Shubham Q : Good morning
08:59 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/409082181
09:00 Arcchit Agarwal : GM All
09:00 Raveendra : gm all
09:00 Vtrender Live : 5 min NF charts – https://join.me/289-063-122
09:01 Vtrender Live : 5 min BNF charts , password vtrender- https://zoom.us/j/8647754688?pwd=Z3NYU0tja0J3SE4zVkIydGdQY2FEZz09
09:03 Shai : GM all
09:03 Manikandan : GM all
09:03 Shai : 11890 ref line for the open today
09:03 Chandrashekhar : GM all
09:03 Shai : still a 11800- 12000 market with strong buyers seen near 11800- 11830 and selelrs above 11980- 12010
09:03 Shai : trade the range
09:04 Shai : As mentioned yesterday buy low and sell high
09:04 Shai : 11965 to watch on any upsides today
09:04 Shubham Q : 11980 pre open market
09:05 Shai : 24350 a supp in BNF
09:05 Shai : 24820 / 2492 to watch on upside probes
09:08 Naren : Gm All
09:14 Himanshu : GM all
09:14 Prateeek : Good Morning All
09:20 Tejpreet : GM All
09:22 Muralidhar : @UG the 2 Pink Dots are BTST booking their profits?
09:24 Uttam : Good Morning All 🙂
09:26 Prashant : Hi, missed the seminar last evening. Flash creating issues and now webinato working fine. Grateful if someone could leave a few lines on Slack on the key learnings. Thanks.
09:27 JayJ : I remeber friday shai said mkt will give both side move and that whate we saw this week… shai what was the basis ?
09:28 JayJ : last frideay
09:29 Himanshu : Reliance batting for bulls
09:30 Himanshu : HDFC bank Ditching..
09:31 Shubham Q : OAOR?
09:33 Uttam : yes
09:34 Muralidhar : @UG are the 2 Pink Dots in the 9:15 candle, BTST guys booking profits?
09:36 Shubham Q : 9.20 candle 0*0 with shade
09:36 Uttam : could be M we had 2 50k buyers at lows yesterday
09:37 Muralidhar : Thanks UG
09:37 Shai : 11976 sl for a revisist to 11918 cmp 11956
09:37 Uttam : BNF could turn out to be an ORR if we get some more vols here on sell side
09:37 Shai : could be a slow morning as OAOR
09:43 MJ : UG: Series devloping poc is around?
09:44 Shubham Q : 11895 in cards?
09:45 Shubham Q : tpo poc from yesterday
09:45 Chandrashekhar : Speedo @ 75…very slow grind as Shai mentioned
09:49 Chandrashekhar : Green shades in NF
09:50 Chandrashekhar : 38K greens, 34 K reds @ low…with zeros
09:58 Uttam : 11890 – (09:43) MJ : UG: Series devloping poc is around?
09:59 MJ : Thanks.
10:02 Shubham Q : dissonance here
10:04 Himanshu : Relaince dark horse here
10:05 Himanshu : can upset equation – 200 rs + down from top
10:05 Himanshu : now short squeeze happening tehre
10:06 Shai : if in short book here
10:06 Shai : 11924 may hold
10:06 Shai : green band and pink band in Orderflow keep it tight fromk the open
10:07 Shai : All those who came for the webinar yesterday and took notes on the bands we discussed , cann see it live on NF screens
10:07 Kaustubh : can anyone share the goto meeting and join me link
10:07 Uttam : (08:59) Vtrender Live: 30 min charts – https://global.gotomeeting.com/join/409082181(09:00) Vtrender Live: 5 min NF charts – https://join.me/289-063-122(09:01) Vtrender Live: 5 min BNF charts , password vtrender- https://zoom.us/j/8647754688?pwd=Z3NYU0tja0J3SE4zVkIydGdQY2FEZz09
10:07 Kaustubh : thanks UG
10:07 Uttam : +1
10:07 Shai : A tab is updated now
10:09 Bhuvan : shai how about selling a straddle 11950 now ?
10:10 Prashant : Shai, what tab is that?
10:10 Uttam : next to the chat box on top you have tab A
10:10 Uttam : NF waiting for BNF to make up its mind looks likwe
10:11 Uttam : 11974 is 1 atr from the multiday FA of 11827
10:11 Shubham Q : yeah true UG but as bnf has failed to prove above PDH…… can we give weightage to fall
10:11 Sanjib : BNF getting rejected from yesterday’s POC
10:12 Uttam : 22k green in BNF at 24570
10:12 Uttam : need some good vols in NF now
10:12 Shai : can do but friday risk is higher from 1.00 pm. Be aware of that – (10:09) Bhuvan : shai how about selling a straddle 11950 now ?
10:12 Prashant : ok. I thought some note on webinar yesterday. Please put something on that too. Missed it, browser just didnt click.
10:13 Shai : tight sl or my sugesstion is to avoid after 1 pm by taking what you get
10:13 Shai : OAOR moves in G or K
10:13 Shai : so starddle one leg will be killed
10:14 Uttam : NF coud give a C side up?
10:14 Uttam : needs soem greens above vwap
10:15 Bhuvan : thanks shai for the update …yesterday i siold 11600pe and 12200ce ,more of put shorts ,…will avoid now but seriously thanks for the info
10:27 Uttam : 11940 holding and trapping reds for now
10:33 Uttam : BNF gving C side lower
10:36 Himanshu : UG – if this C is FA & 2 ATR – move to close seriies
10:36 Himanshu : Mungeri lal ke hasin sapne
10:39 Uttam : greens being made to vomit in BNF looks like
10:39 Himanshu : NF – 1L green
10:39 Himanshu : and zeros
10:39 Uttam : 0s at lows and Shai’s 11918 is here
10:40 Shubham Q : 1L down there
10:40 Tejaswini : BNF below YPOC with volumes
10:42 Tejaswini : trend down day in BNF?
10:42 Tejaswini : or just a C extension
10:42 Shubham Q : stacked imbalance right at low
10:43 Prashant : In TrueData, all this 1L vol happens at 11917.75, the low.
10:48 Shai : 11917
10:49 Uttam : +1 Shai and the C side with big RB gives VWAP in NF
10:53 Shai : go shoirt again below 11915 for 11895 sl of 11936
10:55 Gopi : finally green band in bnf
10:57 Uttam : 80% in yesterdays Gaussian profile done in BNF
10:59 Gopi : seeling pressure in pharma and banking
11:00 Tejaswini : UG BNF to vwap?
11:00 Tejaswini : on these greens
11:02 MJ : nf wants to enter pday value?
11:02 Uttam : 11890 calling
11:04 Uttam : thos C side 0s holding for now
11:04 MJ : CD now.
11:04 MJ : lows.
11:07 MJ : Poor low udao
11:09 Rahul : haa yaar
11:10 Uttam : E for extension handle coming?
11:10 MJ : NF IB range small compared to prev 5 days.
11:11 Uttam : 2nd lowest of this series
11:11 MJ : +1
11:11 MJ : Plan kya hai UG 😀
11:13 MJ : multi ib day?
11:15 Himanshu : Passengers getting filled in Options
11:15 Himanshu : New series so –
11:15 Himanshu : Call OI is very high from yday in 25kCE
11:22 Himanshu : Seller lost momentum, I guess
11:35 Arcchit Agarwal : very low volumes
11:35 MJ : open auction.
11:35 MJ : Get coffes. And don’t get pulled in low vol ping pong.
11:36 Arcchit Agarwal : Very true
11:37 Shubham Q : what about that 1L in 10:40 bar……. those zeros were filled in as well
11:37 Shubham Q : so possible probe down?
11:44 Shubham Q : come on F do the deed
11:46 Shubham Q : low right at vah
11:46 Chandrashekhar : End of Auction here?
11:46 Prateeek : 11900 PE from 93 to 99 booked full
11:48 Shubham Q : 11895 dede yrr
11:56 MJ : Lower side nf couldn’t tag 1.5 ib. Though ib is small today.
11:56 Tejaswini : Shai do we go with the 0’s in BNF?
11:57 Shubham Q : isnt nf trade on short below 11915
11:57 Tejaswini : BNF has been one time framing down since morning
12:08 Sanjib : So is NF @Tejaswini. a perfect downward sloping 45 degree trendline
12:08 Sanjib : on a 5 min chart
12:08 MJ : NF hasn’t been able to cross day open on all the rise towards 940
12:09 MJ : crosses and comes back down.
12:10 Tejaswini : Yes Sanjib it looks like
12:10 Uttam : G period around the corner
12:10 Prateeek : PLR looks down UG?
12:10 Uttam : yes has been below vwao since open
12:11 Uttam : took support right at yVAH
12:11 Uttam : another entry would trigger 80% in prev value
12:12 Uttam : BNF completely overlapping range & Value
12:14 Uttam : typical OAOR in NF, lowest IB vols of this series
12:14 Uttam : and options writers building up their inventory
12:16 Shubham Q : can G trigger 80%?
12:28 Uttam : NF at vwap
12:28 Uttam : and BNF not even come to IBL
12:28 Shai : shorts look done for now
12:28 Uttam : can do a long jump here
12:28 Shai : if any one in shorts pls exit
12:28 Shai : NF abv 11945 will bring 11976
12:28 Uttam : BNF pole vault?
12:30 Sandesh : 🙂
12:31 Uttam : IBL resisting for now
12:31 Uttam : BNF
12:33 MJ : 58k green. Y U.
12:34 Uttam : lets boom boom?
12:34 Sandesh : yes sir
12:35 Uttam : BNF also at vwap here
12:35 Uttam : 14k gree there
12:35 Uttam : needs support
12:39 Uttam : OTF down stops in both
12:42 Amit Jain : 00 mangta hai at vwap
12:42 Rajesh G : how do u see that UG
12:43 MJ : 58k slowed that upside move. needs more greens.
12:48 Uttam : hammer time?
12:52 Uttam : BNF needs for time to get ready for the Friday party looks like
12:52 Uttam : more time*
12:55 Uttam : suc a nice mini bell in NF
12:56 Uttam : hammer it up guys, the bell is here to be rung 😉
12:57 Himanshu : Bell of 24792 U mean
13:00 Uttam : BNF waking up
13:00 Uttam : lets take it abov e 24605
13:00 Uttam : NF 11974 needed
13:01 Shai : steady greens in the OF from 11920
13:01 Shai : No reds at all
13:01 Uttam : +1
13:01 Shubham Q : 12014 possible?
13:02 Uttam : boom boom
13:02 Uttam : 11974 to the dot
13:02 Shubham Q : hold or exit
13:02 Uttam : 11980
13:02 Uttam : 0s at top with 2L red
13:02 Shai : doned 11979- (12:28) Shai : NF abv 11945 will bring 11976
13:03 Uttam : +100
13:03 Shai : Auction also complete
13:03 Chandrashekhar : End of auction here on longs here?
13:03 Chandrashekhar : +1 Shai
13:04 Devkant : took short via 11950 PE
13:05 Shai : 11944/ 11930 destination sl abv 11982
13:08 Sanjib : chart stuck?
13:09 Prashant : yes
13:10 Devkant : The 2 green boxes are causing hindrance
13:11 Shubham Q : say no more hahahh
13:13 Uttam : what NF got in 3 hours on downside, completed in an hour on the upside
13:14 Uttam : (12:39) Uttam : OTF down stops in both
13:15 Uttam : TPO making higher high & hihger low for first time in the day – (12:42) Rajesh G : how do u see that UG
13:20 Shai : rediuce some 11951 here sl at 11963 on rest
13:20 Shai : (13:05) Shai : 11944/ 11930 destination sl abv 11982
13:20 Shai : slow auction
13:20 Shai : but Orderflow is crustal clear
13:20 Shai : crystal*
13:21 Devkant : yeah . thanks for yesterday’s session . 11950 PE 97- 103
13:21 Amit Jain : +1 shai
13:22 Shai : +1
13:22 Shai : OAOR- slower pace
13:22 Shai : take what you get
13:23 Shai : compare this to wednesday’s session 🙂
13:23 Shai : 20 points looks like a lifetime
13:24 Devkant : indeed
13:24 Shai : glad you liked it- (13:21) Devkant : yeah . thanks for yesterday’s session . 11950 PE 97- 103
13:24 Shai : everything we discussed is showcased in today’s OF
13:25 Devkant : +1
13:25 Bhuvan : shai sold 11550 n 11600pe and 12200 and 12300 pe shorts are more
13:26 Bhuvan : hope its fine?
13:35 Tejpreet : Uttam you need to get the BN ready FRYDAY showtime coming up .
13:48 Uttam : yes Tej
13:59 Uttam : over to K period now
14:01 MJ : K-eh ke lunga. that’s K for us.
14:03 Chandrashekhar : testing lows again Uttam?
14:04 Uttam : both forming a balance & rotating Chandra
14:05 Uttam : NF is in a big balance over the last 12 sessions
14:05 Uttam : and guess that is related to what US / SPX will do
14:05 Uttam : need to see if we get a move away from this balance in this series or no
14:06 Gopi : probably they wll manage till election
14:07 Tejpreet : monthly 950 combo just 200 plus .
14:09 Uttam : and looks like it will keep going down till that stimulus news gets confirmed Tej?
14:09 Uttam : close above 11900 would be slightly good for upside though today
14:13 Tejpreet : Yes Uttam need to watch it at Monday open , gf says will runaway at Monday open if FRYDAY show is cancelled 🙂
14:13 Uttam : +1
14:14 Tejaswini : Lol
14:15 Tejaswini : But yeah too much balancing
14:19 MJ : Sandesh bhai kidahr?
14:19 Muralidhar : K period…. killer period?
14:20 Tejaswini : As in killer of shorts?
14:20 Uttam : BNF nice 2-day balance so looks like by Monday it should get clear what is happenng with US
14:21 Vidhyasagar Lingesan : Any Bias now UG?
14:22 Uttam : Friday evening bias only towards beer but this time that also not there cos of Navratri 😉
14:22 Muralidhar : Last 10 candles…. only 3 have +COT
14:23 Vidhyasagar Lingesan : HAHA
14:23 Uttam : very low vols M
14:23 Chandrashekhar : speedo @ 65
14:24 Muralidhar : UG +1
14:24 Uttam : that is the lower circuit for it looks like 😉
14:26 Shai : neutral day
14:26 Shai : no OTF coming
14:26 Uttam : hatrick of Neutral
14:26 Shai : may finish as an NC
14:26 Manik : that would be 3 in a row
14:26 Uttam : Market gonna celebrate Diwali in Oct only 😉 ?
14:32 MJ : vwap raid mangta.
14:33 Uttam : spike mangbta spike
14:33 Amit Jain : aur kitne raid mangta hai MJ, ek dam sidhi rekha hai
14:33 Amit Jain : +1 ug
14:34 MJ : Eidher side jaane ke baad. Waapis na aaye. Waisa raid. 😀
14:34 Shubham Q : sabko mangta par de nahi raha market
14:34 Sandesh : toh phir halla bol
14:35 Sandesh : @mj
14:35 Amit Jain : aaj vwap line to both nf and bnf – bulati hai magar jane ka nahi
14:36 MJ : Lol Amit.
14:36 Shubham Q : kal 21st k lower lvn’s fill kiye aaj upper
14:36 Prashant : lol…riks bilkul nahi lene kaa
14:39 Uttam : BNFfff
14:40 Shubham Q : kaha jaa rahe ho upar vaha zero hai niche aana padega vapas
14:41 MJ : Sandesh Halla, you only can do.
14:41 Uttam : 2:45 aa gaya?
14:41 K2dt : volumes hi nai hai bhaai aaj to
14:43 Uttam : come on BNF
14:43 Uttam : lets do the boom boom
14:43 Chandrashekhar : 1lac cot in BNF
14:45 Shubham Q : speedo still at 63
14:46 Sanjib : BNF wants to close at yesterday’s POC only
14:47 Tejaswini : Since last few days D gives extension and L kills
14:54 Tejaswini : Anybody for spike?
14:58 Muralidhar : @Tej Spike Up or Down?
14:59 Tejaswini : up
14:59 Tejaswini : Not happening
14:59 Muralidhar : Doesn’t look like….
14:59 K2dt : no vols to take this anywhere looks like
15:00 Muralidhar : Whole Day Negative Cot
15:00 Rohit : NF diverging from DJI/SPX
15:00 Tejaswini : L killed at stops and back to dpoc
15:00 Muralidhar : Looks like we will have a New Day Low
15:01 Tejaswini : intresting M
15:05 Muralidhar : Friday Profit Booking by Locals?
15:07 Tejaswini : Does look like a b- long liquidation
15:14 Uttam : FA confirmed in NF at top
15:16 Chetas : Uttam, we have not broken IB low, so how FA confirmed?
15:16 Manik : we didnt hit day low
15:16 Chetas : below DVAL ?
15:17 Uttam : 11925.4 wqas IBL and low was 11925.3 but yes needs to stay below IBL
15:17 Chetas : yes 🙂
15:18 Shai : FA rules are based on IB high lows and not day high lows
15:18 Manik : oh ok.. thanks
15:18 Shai : technically still an FA as went below by 10 paise
15:19 Shai : IBL was 11925.40 and that low was 12925.3
15:19 Shai : And you also saw those 0’s in the Orderflow at 11979
15:19 Shai : so correct tp call it an FA
15:19 Shai : scene of crime from wed
15:20 Shai : All ref move to 11979 for next week
15:20 Chetas : so end of Auction and breaking IBL.
15:20 Chetas : good learning here, after yesterday webminar all start to make more sense
15:20 Shai : +1
15:20 Shai : start in the TL
15:21 Chetas : saving lot of emotional capital 🙂
15:21 Shai : confidence comes only through information
15:21 Shai : slow day today
15:21 Chetas : is there any similar room for ES trading ?
15:21 Uttam : giving a trending expiry week Shai 😉 ?
15:21 Shai : yes lots in the US
15:22 Shai : look up futurestrader or FT71 in the US
15:22 Chetas : thanks
15:22 Shai : orderflow has been rocksolid buying near 11800 all week
15:23 Tejaswini : Thanks Murli for your views. Like Shai mentioned yesterdays eyes and ears
15:23 Shai : but we renew buy side bias only abv 11979 on Monday and later
15:23 Muralidhar : +1 Teja
15:23 Shai : carrying no positions for weekend
15:24 Shai : we should have a good move either mon or tiues
15:24 Shai : have a good weekend eveyone – rest well- take care
15:24 Uttam : thanks Shai
15:24 Shai : catch up Mon
15:24 Muralidhar : Thanks Shai….
15:25 Devkant : thanks shai
15:25 Devkant : see you
15:26 Uttam : thanks All 🙂 have a lovely weekend
15:27 Uttam : lets have a super festive expiry week
15:28 Naren : Bye All. Happy Festive Weekend!
15:29 Manikandan : Bye all