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
08:58 Chandrashekhar : GM all
08:58 Manikandan : gm all
08:58 Avinash : GM Everyone
08:59 Giridhar Gowravajhal : GM all !!!
09:00 Shashidhar : Good Morning All
09:00 Shai : GM all
09:01 Himanshu : gM all
09:01 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/794275477
09:02 Neeraj : Good morning all
09:03 Neeraj : Good morning all
09:03 Vtrender Live : 5 min charts of NF- https://join.me/383-016-582
09:04 Vtrender Live : 5 min charts of BNF, password vtrender- https://zoom.us/j/8647757118?pwd=czdxcVdrZ2MvbkhpUUpFenBJK3dDZz09
09:06 Shai : Friday was a neutral day in the markets with a high of 11198
09:07 Shai : previous selling high of the week is at 11228
09:07 Shai : composite is a shift to balance post the one time frame up rally from 10750 preceding week
09:07 Shai : imm ref for the day sits at 11214- 11227
09:08 Shai : if bulls manage a move abv it we can expect an imbalance
09:08 Shai : else back to balance
09:10 Uttam : Good Morning All 🙂
09:10 Tejpreet : GM All.
09:12 Tejpreet : Hey Uttam tab 2 looks good with colors +1
09:12 Anuj : GM Everyone
09:12 Uttam : thanks Tej 🙂 just realised can do it this way 🙂
09:13 Amar Ramsinghani : GM All
09:13 Sachith : Good morning everyone… happy trading
09:15 Chandrashekhar : Speedo @ 150
09:15 Chandrashekhar : lot of zero’s above
09:17 KK : Aditya puri sold HDFC bk..probably that will play on bnf today ?
09:18 Ankush Jain : ODD in BN?
09:21 Shai : 11111 supp for the open
09:21 Shai : where the others et of 0’s appeared on Friday
09:21 Rahul : yep
09:22 Shai : hope everyone went through the charts posted on the blog of friday, so we can push forward with the information we already have
09:23 Shai : RIL up another 2%
09:23 Shai : 2190 cash
09:23 Ankush Jain : relentless
09:25 Shai : retail is buying puts oin it from that AGM day 🙂
09:26 Tejpreet : 🙂
09:26 Uttam : 11200pe from 123 – 132 50% out
09:27 Tejpreet : +1
09:27 Tejpreet : BN sinking without motabhai
09:27 Vishnu : +1 ug
09:27 Shai : icici / hdfc both dragging
09:27 Shai : BNF weaker one
09:28 Mahvir : can BNF be bought at current levels?
09:29 Ankush Jain : we r inside VAH of yesterday
09:29 Chandrashekhar : +1 Uttam
09:29 Uttam : IS in BNF
09:29 Uttam : 22210 ref
09:29 Uttam : POC of the IS bar
09:29 Uttam : BNF has good vols
09:30 Vishnu : nxt big area ug?
09:30 Uttam : NF below average
09:30 Uttam : check hypos Vishnu
09:30 Shai : drive down vols in BNF now
09:30 Uttam : +1 Shai
09:30 Shai : Ability to take out 22050 to watch
09:30 Rahul : shai can u please reset font size thanks
09:30 Uttam : 11200pe for 154-161?
09:30 Shai : NF also at supp
09:30 JayJ : OTF in nifty too
09:31 Jitender : 22050 is supp in bnf
09:31 Uttam : b) The auction accepting below 22607 could test 22536-452 / 22344 / 22278-244 / 22170-080 & 21980
09:31 Uttam : 21980 coming?
09:31 Uttam : if 22080 breaks again
09:32 Jitender : 20th July lvl (09:30) Shai : Ability to take out 22050 to watch(09:31) Jitender : 22050 is supp in bnf
09:33 Uttam : 22210 ref on upside
09:33 Jitender : already 100 up
09:33 Jitender : 22051 low
09:33 Rahul : 000 again
09:34 Uttam : 153.75 high so far – (09:30) Uttam : 11200pe for 154-161?
09:34 Uttam : 153.65 sorry
09:35 Jitender : wc mahavir to VT…hope all fine….if u have any queries, pls shoot
09:35 Vishnu : 22.4k pe 408-536 1.3 dt dne
09:35 Uttam : Shai’s 11110 holding for now
09:35 Mahvir : thanks. i am not able to understand anything as yet
09:36 Uttam : @Mahavir you need to go through the welcome mail links along with the Training Library videos
09:36 Mahvir : yes sure. have gone through sme
09:36 Uttam : 153.95 new high (09:30) Uttam : 11200pe for 154-161?
09:37 Shai : +1- (09:33) Jitender : already 100 up
09:37 Uttam : then look to identify the set up & OF concepts explained in the training library in live markets
09:37 Mahvir : hmm
09:37 Shai : spectatator here – looking for follow througfh below ref areas in B
09:37 Uttam : rest 50% out at 152 – (09:26) Uttam : 11200pe from 123 – 132 50% out
09:37 Shai : 11171 sl for anyone short
09:38 Uttam : 155=4 seems to be holding in that PE
09:38 Shai : +1
09:38 Boppanna : Congts Uttam
09:39 Uttam : thanks guys 🙂 _/\_
09:39 Ankush Jain : 11250 CE 61-47
09:43 Uttam : 22100 sup in BNF
09:43 Uttam : 22210 supply
09:43 Uttam : lets see which is taken out first
09:44 Uttam : NF new lows
09:44 Uttam : BNF could follow
09:45 Uttam : 161 here in that 11200pe
09:45 Mahvir : niftyy has broken the support of 11111?
09:45 Uttam : staying above 161 can bring 192
09:45 Uttam : 177 minor hurdle in between
09:46 Sanjib : 11090 is 4-day Composite VAL
09:46 Uttam : yep
09:46 Uttam : imp level to hold
09:46 Uttam : b) The auction below 11170 can test lower levels of 11145-122 / 11090-058 & 11022
09:48 Uttam : 177 here in quick time – (09:45) Uttam : staying above 161 can bring 192(09:45) Uttam : 177 minor hurdle in between
09:48 Uttam : 192 also coming in IB itself?
09:49 Chandrashekhar : speedo is well above 130 now..so looks possible
09:49 Uttam : BNF holding fort after starting weaker
09:49 Jitender : 11070 imp…if u remember Fryday
09:49 Uttam : 22100 holding
09:49 Sanjib : +1 Jit
09:50 Rahul : Awaiting for 11070 to break \
09:50 Uttam : 11100 ref in NF now
09:50 Uttam : IS there
09:50 Uttam : if not taken out 11058 coming
09:50 Jitender : ys Sanjib….RIL will play pivot
09:51 Sanjib : Will watch only today…
09:51 Jitender : 11070/22050 in both.
09:53 Uttam : 21980 coming if 22100 goes in BNF looks like
09:54 Ankush Jain : Open DRive in NF too?
09:54 Ankush Jain : quite a big IBR
09:54 Uttam : 22099.7 low in BNF in this dip so far
09:56 Ankush Jain : good speeds too today. Speedo at 132
09:58 Uttam : NF is an ORR down & BNF is a OTD as it tested the yPOC of 22620 & drover lower
09:59 Uttam : NF classis ORR as opened higher above PDH got rejected & completed 80% rule in 4-day composite
09:59 Uttam : that is how fast ORR is
09:59 Uttam : classic*
09:59 Ankush Jain : 11100 support. That 55k buyer in IS bar at that level?
10:00 Ankush Jain : rather resistannce
10:00 Uttam : 11115 test coming?
10:01 Uttam : those stuck greens could be exiting here
10:01 Uttam : RS forming right at 11100
10:01 Uttam : BNF below 22100
10:01 Uttam : 18k red stuck at 22062
10:02 Mahvir : uttam sir – should BNF be bought or sold at current levels?
10:02 Uttam : no sir please Mahavir _/\_
10:02 Uttam : please observe for now as you are completely new to the room and do not be in a hurry to take the trades
10:02 Mahvir : ok..
10:03 Uttam : you will get lots of opportunities if you understand the pricess
10:03 Rahul : +1 UG. –
10:03 Uttam : process
10:03 Mahvir : hmm, sure
10:03 Uttam : we have a long A period selling tail as of now
10:03 Uttam : so the bias is down
10:03 Uttam : but we also have a big IB range
10:03 Maxis : @ Mahavir. Shai will give call for the trades. Take those only till u learn the ropes.
10:04 Kaustubh : 3rd IS in BNF
10:04 Uttam : so next short would be range extension on support from OF which needs to show fresh reds
10:04 Mahvir : sure, thanks
10:04 Uttam : @Tej giving that 1000 pointer long due in BNF today>
10:05 Ankush Jain : 60% done
10:09 Uttam : we could have a ‘b’ shape profile cos of the big IB range guys so do not be aggressively short here unless we get new IS
10:09 Tejpreet : Looks like Uttam 1000 in bn
10:09 Uttam : BN spot that 22050 is important
10:09 Rahul : thanks UG
10:10 Rahul : Tej Ghee shakar 🙂
10:11 Uttam : we get a C side then almost confirms ‘b’ shape profle if no IS
10:14 Ankush Jain : IB range of 154 but COT has been generally +ve. ANy infrences?
10:16 Maxis : yes, was going to say the same.
10:16 Maxis : only 2 negative cot’s till now
10:18 Prashant : Positive COTs with falling prices should mean, I think, that all aggressive buting is being met by selling. Bearish..
10:23 Ashwath : @Shai – Can you please zoom a bit of BNF chart in Zoom?
10:24 Ashwath : Thanks
10:26 Uttam : done – (10:00) Uttam : 11115 test coming?
10:28 Tejpreet : So Uttam settling for a b ?
10:29 Uttam : the large IB range did it Tej plus last week was a balance
10:31 Uttam : dPOC in BNF right down at 22120
10:31 Kaustubh : can we take a short around 11128 at VAH for target of 11080 of IS is formed
10:31 Uttam : yes Kautsubh provided we get a RS there
10:32 Uttam : 11123 is the POC of the 4-day composite too
10:34 Shai : join me charts okayt for all?
10:34 K2dt : yes chief
10:34 Shai : Intra – shoit NF 11105 sl of 11135 tgt 11070
10:35 Rajan : Join me charts are not opening in seperate browser/window Shai
10:35 Kaustubh : where to join?
10:36 Uttam : try cpoy pasting the link in browser Rajan
10:36 Shai : loosk fine Rajan
10:36 Shai : yes do a c/p
10:36 Rajan : Thanks Uttam. Will check
10:36 Uttam : Webinato had upgraded today Shai?
10:36 Uttam : if we download the new application all links open in the app only
10:37 Shai : yes they are transitioning
10:37 Uttam : HTML5 finally 🙂
10:37 Shai : it’s gone from browser based to app based, hence
10:37 Uttam : so far so good today 🙂
10:37 Kaustubh : charts doesnt open in webinato
10:37 Uttam : touchwood
10:38 Rajan : It is opening in browser after c/p. Thanks Uttam
10:38 Kaustubh : yeah
10:38 Shai : open links outsdie webinato
10:38 Jitender : Shai..pls paste the webinato app link in slack also…so ppl can download frm tere also ….
10:38 Shai : same link as we had always
10:39 Jitender : no the app upgradation link..i mean
10:39 Shai : it comes at the browser
10:39 Jitender : k..tx
10:40 Uttam : cool Rajan 🙂 – (10:38) Rajan : It is opening in browser after c/p. Thanks Uttam
10:42 Kaustubh : IS, then IB then RS followed by IS
10:42 Jitender : ok..so the webinato app link was nt launching in IE…but ten it came in chrome
10:42 Jitender : https://vtrender.omnovia.com/pages/sc2/launch.php?url=aHR0cHM6Ly92dHJlbmRlci5vbW5vdmlhLmNvbS8=
10:42 Jitender : tats the link fr webinato app..in case anyone else havn same prob
10:44 Maxis : 105 NF, limit order not yet executed
10:45 Shai : Exit if in NF trade at 11101 here cmp
10:45 Shai : we activate it higher
10:46 Shai : A is down , B has responsive buying
10:46 Shai : we may stay flat for some time
10:47 Shai : This!!- (09:15) Chandrashekhar : Speedo @ 150(09:15) Chandrashekhar : lot of zero’s above
10:47 Shai : cleanest and best way to read the open 5 mins
10:47 Shai : will give you always the right bias
10:48 Uttam : +1 Chandra
10:48 Sunder : where do i read the speedo
10:48 Shai : I think by now all know what to do when you see 0’s
10:48 Shai : the bigger the better
10:48 Shai : the more * the better
10:50 Prashant : chart is a bit too zoomed in.
10:51 Rahul : good exit Shai
10:52 Chandrashekhar : _/\_
10:52 Chandrashekhar : @Shai, that speedo has a great edge for the opening trade
10:52 Shai : yes
10:52 Chandrashekhar : thanks for that addition into teh charts
10:52 Kaustubh : what it means generally high Speedo high volaltality
10:54 Shai : pace of tape
10:54 Shai : there was no volatility today
10:54 Shai : it is a clean down of 100 points
10:54 Shai : volatility is 100 up and 100 down
10:55 Prashant : What exactly is meant by pace of tape?
10:55 Jay Kothi : volatility & pace are mutually exclusive
10:56 Jitender : held (09:49) Jitender : 11070 imp…if u remember Fryday(09:51) Jitender : 11070/22050 in both.
10:56 Jitender : now if get RE..it wud cause liquidation
10:56 Jay Kothi : the pace is killing traders more than volatility now
10:56 Jitender : bnf has shrts..nf slight liquidation, but buyn as compared to bnf
10:56 Jitender : so far
10:58 Shai : +1
10:59 Shai : pace of tape is the volume coming it relative to the speed at which it comes in the market
10:59 Jay Kothi : Pace is the speed of travel from point A to Point B…doesnt matter whether its 10 or 100 points
10:59 Jay Kothi : shai is my understanding right?
10:59 Shai : volume by itslef is insignificant as it will flow whenever price moves. It is a defualt function
11:00 Shai : but when volume flows at a higher speed than average we know things are changing or about to change
11:00 Shai : we measure this Pace
11:00 Shai : it is a leading indicator to what price can do next
11:00 Shai : we measure through 3 things
11:00 Jay Kothi : okkk
11:00 Ashwath : +1 Shai
11:00 Shai : 1) speedo which is realtive to speed at same time
11:01 Shai : 2) volume per min- the higher this number , more will be trades coming in, and hence faster the market
11:01 Vishnu : dpoc shifted to lower 22120
11:01 Prashant : Thanks, will see if i can wrap my head ard that.
11:01 Shai : 3) volume per second- shows how fast the market will move from your view or entry
11:02 Vishnu : same in nifty dpc shifted lower
11:02 Jitender : tx chief….fr the superb guidance….
11:02 Jitender : guys pls note it…will clear lot of yr bias questions
11:03 Tejpreet : +1 Shai …no 3 will help in quick exit if you are in the wrong trade 🙂
11:04 Vishnu : +1 shai
11:04 Jitender : btw Tej is the human speedo wen it comes to ID trading 🙂
11:04 Prashant : Vol per sec and vol per min are clear. Speedo which is relative to speaad at same time is not clear
11:04 Kaustubh : thanks shai …getting things clear
11:05 Chandrashekhar : +1 Shai
11:05 Shai : Agreeed (11:04) Jitender : btw Tej is the human speedo wen it comes to ID trading 🙂
11:05 Shai : Tej you will win a guinesss record easy
11:05 Uttam : 🙂
11:05 Shai : global, not indian
11:05 Vishnu : speedo compares today with same tiime of yesterday.
11:05 Vishnu : lol
11:06 RajeshN : kotak is the key post second half
11:07 Uttam : fresh reds in BNF
11:07 Uttam : 13k at 22092
11:07 Vyom : the way icici has reacted to results looks like bnf is on way down
11:07 Uttam : that 20k green held a flag at 22165
11:07 Jitender : results are due today Vyom
11:07 Prashant : ok vishnu. Vol/sec today relative to yest
11:07 Shai : indeed, but not yesterday avg of past 3 days- (11:05) Vishnu : speedo compares today with same tiime of yesterday.
11:07 Prashant : ok
11:07 Shai : comparison is past 3 days avg
11:08 Vyom : icici results out jit on saturday. they were good only but stock down so badly
11:08 Shai : we know A is diff from B whioch is diff from C and so on
11:08 Vyom : similar could happen with kotak
11:08 Shai : so it has to be an apple to apple comparison
11:08 Shai : each 5 mins is comapred to the same 5 min avg of past 3 days
11:09 RajeshN : bnf is dwn due to that RBI report mainly
11:09 Jitender : oh..k Vyom..my bad…sorry
11:09 Prashant : Shai, you could copy paste your lines somewhere in the training lib
11:10 Munish : @Shai, how to interpret indicators to decide what time to short NF today, the earlier trade you mentioned?
11:10 VijayT : Chief can you please add IBH and IBL for BNF
11:10 Shai : these are all developing concepts, eventually yes they will be in the TL
11:11 Prashant : D not extending beyond C
11:11 Uttam : alreayd pasted in slack in the #learningstrategies channel – (11:09) Prashant : Shai, you could copy paste your lines somewhere in the training lib
11:11 Shai : for IB’s keep an MP lite chart handy
11:12 Shai : keep that MP lite chart open in a browser tab- let it run
11:13 Kaustubh : so when we take a trade and if speedo starts increaasing then caan we say it is going in our direction and when it reduces it might reverse as the volumes are reducing
11:14 Prashant : Not necessarily f opposed heavily in opp direction
11:14 Prashant : if
11:15 Prashant : even that shd result in higher speedo
11:15 Kaustubh : yeah true… thanks prashant
11:15 Prashant : i cd be wrong though
11:15 Kaustubh : yeah makes sense as if there is a high volume on other side then the speedo willl increase
11:16 Kaustubh : we have to look at multiple thigns for confrimation
11:22 Kaustubh : trying to bold 11100
11:22 Kaustubh : hold*
11:22 Shai : shorts of the open would stay will we are bel;ow 11142 roughly
11:23 Shai : see this as a 11140- 11070 zone of trade for now
11:23 Shai : RR would be better at extemes of this range than here in the middle
11:23 Shai : hence waiting
11:23 Uttam : +1 Shai
11:24 Kaustubh : cool
11:24 Ankush Jain : we still in ORR mode or it is negated
11:26 Uttam : as long as we stay below VWAP we remain weak but need a RE lower
11:27 Uttam : BNF spiked
11:27 Uttam : 21980 here
11:28 Jitender : 22142-22011 on tat stuck 20k green in bnk
11:28 Jitender : bnf
11:28 Himanshu : Zeros – UG
11:28 Uttam : (09:43) Uttam : 22210 supply
11:29 Uttam : BNF stayed below this 22210 since morning once it broke
11:29 Uttam : so PLR was always down
11:29 Himanshu : k
11:29 RajeshN : bnf 1.3 cot
11:29 Uttam : yes looks like a freak tick at 21903
11:29 Rahul : we getting new lows ?
11:30 Aditya09 : i got at 920
11:30 Aditya09 : 922
11:30 Prashant : 130k on buy side
11:32 Uttam : BN spot below 22050
11:32 Vishnu : shai its a cover na that 1 lac
11:32 Vyom : next reference Uttam for bnf?
11:34 Shai : 200 point candle in BNF
11:34 Tejpreet : BN so many 1 L in last few days , some big move ?
11:34 Shai : illiquid
11:35 Shai : All 0’s below big numbers
11:35 Shai : not sure if it has anything to do with that lot change
11:35 Shai : some algos caught out for sure
11:35 Jitender : yup
11:35 Jitender : lately lot of latency is being reported in order filling by algo
11:36 Jitender : esp retail end
11:36 Jitender : as theese are SL-M orders
11:36 Jitender : and tats y more )’s keep on coming
11:36 Jitender : ans sebi is hell bent on ensuring more illiquidity going further
11:37 Jay Kothi : the market’s very illiquid for large orders going witht the trend
11:37 Shai : hmm
11:37 Shai : thos eguys got whacked by an additional 100 points in fill
11:37 Shai : A 22000 order got filled at 21900
11:38 Shai : And there are 0’s abv
11:38 Shai : so has to be an immature trader trading a wrong time of the day with big size
11:38 Jay Kothi : these are premeditated trades rather than mkt ones
11:38 Jitender : slippage n latency is tere coz the bridge for APIs fr retail is not functioning well
11:39 Jitender : without colo….retail algo suffer badlly
11:40 Jay Kothi : the mkt has upped the game by times, more n more its calling for real skill to make real money
11:42 Jay Kothi : back in the day moves were real n headfakes rare. i see headfakes more now than real moves, also headfakes now last longer making one believe they are the real moves. The deception game has reached a higher plain.
11:46 Anuj : move
11:47 RajeshN : IB
11:49 Himanshu : UG – 176K green
11:49 Himanshu : SLs or change in polarity now
11:50 Shai : That is all stops again
11:50 Himanshu : K Chief – thx
11:51 Shai : Intra – short NF below 11112 again sl of 11132 tgt 11075
11:51 Shai : we short belwo the 0’s
11:52 Shai : if I see buying abv 11144 will reverse to long bias
11:53 RajeshN : kotak in action
11:55 Shai : That spike up caught soem 11100 ce stops
11:55 Shai : https://mplite.vtrender.com/?symbol=O_NIFTY11100CE20200730&tf=daily&tpo=2&isComposite=0&ivp=0&sp=1&startDate=&endDate=&nDays=8
11:56 Shai : 128 looks diable in that CE as a result
11:57 Shai : doable*
12:02 Shai : keep a long abv 11145 sl of 11117 in system tgt 11180
12:02 Shai : think should be quick up
12:03 Shai : o’s holding it up
12:04 Shai : 20 mins abv 0’s now
12:05 Shai : sopme thing will change
12:06 Shai : 7 mins to G
12:12 Shai : 11143.7
12:12 Shai : to watch in G
12:13 Shai : remember this- (11:22) Shai : shorts of the open would stay will we are bel;ow 11142 roughly
12:13 Shai : we are looking for a squeeze abv 11145
12:27 Rahul : in
12:28 Kaustubh : in
12:28 Shai : blue
12:28 Rahul : yeppp
12:28 Rahul : IB
12:28 Bhushan : IN
12:28 Shai : 130- (11:56) Shai : 128 looks diable in that CE as a result
12:30 Rahul : those 96k is SL for shorts ?
12:31 Shai : 64 sl for 11200 ce \
12:31 Uttam : 21980 held in BNF, next move lower if that breaks – (11:32) Vyom : next reference Uttam for bnf?
12:31 Shai : can do 94
12:31 Uttam : ‘b’ profle is what we are forming today in both
12:31 Uttam : had mentioend in the morning
12:32 Vyom : thanks Uttam
12:32 Uttam : 11100pe being written
12:33 Uttam : 22165 was where we got that 20k green flag I think
12:33 Uttam : 0s again gthere now
12:34 Uttam : with 23k green now
12:34 Uttam : loooks like a bermuda triangle there
12:34 Uttam : all greens are getting sucked 😉
12:35 Uttam : above it though BNF can go for 22322
12:37 Kaustubh : IS in NF
12:37 Himanshu : UG -23500 is still iN..
12:38 Himanshu : or exited , seems in yet,,
12:38 Uttam : those reds now may be that guy exiting
12:39 Himanshu : HMM – i also thik was above – 0s could be SL of shorter
12:41 Himanshu : HDFC B changing hands now
12:41 Vishnu : chart any issue
12:41 Himanshu : at mornig low – holding for now
12:41 Prashant : chart ok
12:42 Kaustubh : hi UG when you those guys are exiting…whom are you referrig to?
12:42 Kaustubh : say*
12:42 Uttam : the greens which you can see in that IB bar at vwap
12:44 RajeshN : hdfcbank selling is countered by kotak
12:45 RajeshN : so management day
12:47 Shai : make exits in the NF trade at cmp
12:47 Shai : just lost momemtum again veloew 11145
12:49 Tejpreet : Dt done , bn perfect rejection
12:49 Uttam : congo Tej
12:51 Tejpreet : tks
12:52 Jitender : bck in play (09:31) Jitender : 22050 is supp in bnf
12:52 Jitender : +1 Tej
12:52 Tejpreet : tks
12:52 Kaustubh : exit nifty?
12:52 Prashant : yes
12:53 Prashant : shai mentioned above
12:54 Kaustubh : was disconnected in betwen
12:54 Shai : yes mometum lost
12:54 Shai : BNF giving upa lso
12:57 Uttam : (12:33) Uttam : 22165 was where we got that 20k green flag I think(12:33) Uttam : 0s again gthere now(12:34) Uttam : with 23k green now
12:57 Uttam : looks like all those stuck greens are out
12:58 Anuj : above 1143 again
12:58 Anuj : 11143
12:58 Uttam : this is still going on – (12:32) Uttam : 11100pe being written
13:00 Jitender : 70 up (12:52) Jitender : bck in play (09:31) Jitender : 22050 is supp in bnf
13:00 Jitender : same play if RE comes below it
13:01 Uttam : BNF making a building 😉 BDGH similar highs
13:01 RajeshN : BDGH ?
13:02 Uttam : TPOs at highs in the profile chart
13:02 K2dt : kya plan hai UG?
13:02 Uttam : no H sorry
13:02 Uttam : BDG
13:03 Uttam : H yet to get there so Bops on work looks like
13:04 Tejpreet : Jit news of retail trading directly on exchange no broker ??
13:04 Jitender : oh..is it poss ?
13:04 Jitender : now s/w also being stopped
13:05 Jitender : so who will gv s/w
13:05 Boppanna : You told a B so that freak low by visit more probable and profile filling to remove the E tail if 160 holds till EOD Uttam
13:05 RajeshN : yes but that doesnt mean brokers are gone..brokers can give direct order access with a payment rather than in their books
13:05 Tejpreet : https://twitter.com/REDBOXINDIA/status/1287638620409483264
13:05 Jitender : ignore it
13:06 Uttam : yet another day of NF making overapping Value & BNF completely lower
13:06 Jitender : red box is like hindi punjab kesari
13:06 Tejpreet : lol
13:08 Kaustubh : hi UG, as BNF is lookign weeker can we look for short opportunities below 22040
13:08 Seshadri : NF ready to take off to 11170-80??
13:10 RajeshN : 22k pe has hardly 7 lac writers
13:13 Uttam : @Kaustubh needs fresh reds in BNF for further downside, as of now 22165 rejecting
13:14 Tejpreet : Trade idea for those who are looking for a visit back to 10800 …buy 112k pe 27 aug 335 and sell 2 lots 107k pe at 300 ….please do your own risk study.
13:16 Kaustubh : thanks UG
13:17 Prashant : Can anyone point me to the 5 min daily charts on forum.
13:17 Prashant : Thanks
13:17 Uttam : the links afre there in tabA Prashanth
13:17 Prashant : I find 30 mins charts there under the discussion of order flow for 24th july etc
13:18 Prashant : Those links work for older days
13:18 Prashant : ?
13:18 Uttam : you mean older charts- they are also in the same section
13:18 Uttam : https://vtrender.com/order-flow-charts-dated-24th-july-2020-5-mins/
13:18 Prashant : There is chat below. Those links can be used?
13:19 Uttam : the links in tabA are for live charts only
13:19 Uttam : EOD you have 2 OF posts one of 5min charts & other of the 30min
13:20 Prashant : ok got it. thanks
13:21 Uttam : 81k in BNF
13:21 Uttam : 22008
13:21 Boppanna : Shai a refresh in BNF pls?
13:21 Uttam : 21980 again?
13:21 Jitender : (13:00) Jitender : 70 up (12:52) Jitender : bck in play (09:31) Jitender : 22050 is supp in bnf(13:00) Jitender : same play if RE comes below it
13:22 Jitender : clear action
13:22 Jitender : Tej 2.4x thru
13:22 Uttam : congo Jit
13:22 Uttam : 0s in NF at vwap
13:22 Jitender : tx champ
13:22 Tejpreet : +1 jit
13:23 Uttam : BNF can crack looks like
13:23 Chintan : congo jit bro.
13:23 Jitender : tx Tej n chints
13:24 Uttam : 21985
13:24 Uttam : wants to test that freak low?
13:25 Uttam : gaya
13:25 Tejpreet : in a flash
13:25 Uttam : doom doom
13:26 Uttam : (13:23) Uttam : BNF can crack looks like
13:26 Boppanna : freak low visit done
13:26 Uttam : Bops doing this as per his script
13:26 Jitender : ys BoPs
13:26 Jitender : tat 22140 was a proper stop cork in bnf
13:26 Boppanna : BNF 080-950 played thru 22.1Kpe
13:27 Jitender : +1
13:27 Uttam : congo Bops +1
13:28 Tejpreet : +1 Bops
13:31 Uttam : 22080 dpOC now in BNF
13:31 Uttam : and new ref
13:31 Boppanna : +1 Uttam
13:31 Uttam : has all TPOs there
13:31 Uttam : another sign of a ‘b’ forming
13:33 Uttam : NF almost tags VAL of comp and now back above the POC
13:33 Uttam : weekly POC at 11145
13:33 Uttam : where it stalled in the previous probe higher
13:39 Uttam : boom boom?
13:39 Uttam : 22080 tagged
13:39 Uttam : NF looking good for more
13:39 Anuj : long trade?
13:39 Uttam : 1.3L is a roll?
13:40 Uttam : no caps please RajeshN
13:41 Shai : some bank recap news
13:42 Jitender : It was during that rbi gov speech ..it was to cii…so in Q&A…Hdfcbank guy asked fr no moratorium n recap of loans…bnf spiked from 980 odd frm tere n came back to retest it
13:43 Jitender : and industry guys asked fr continuation of moratorium
13:43 Jitender : i think it was Ketan Parikh
13:43 Shai : okay
13:43 Jitender : n Uday Kotak supported
13:43 Jitender : Rbi Gov said he has noted it down
13:44 Vyom : actually deepak parekh asked not to extent moratorium but requested for one time restructuring
13:44 Vyom : extend*
13:44 Jitender : n refused to intervene in corp bonds mkt…even on Uday kotak’s request
13:44 Jitender : as law doesnt allow it
13:44 Vyom : ya
13:48 Uttam : 11200ce writers getting under some fire?
13:48 RajeshN : meanwhile 22500 bn ce getting added
13:49 Uttam : NF makes high now right at A period selling tail start
13:53 Favas : ug bnf ref?
13:54 Uttam : 22165
13:54 Favas : tnx
13:54 Kaustubh : Hi UG, what do you mean when you say selling tail starts?
13:54 Uttam : take that out and can get 22322
13:54 Favas : ok
13:55 Uttam : @Kaustubh only A period TPO is seen in that zone
13:55 Uttam : 11160 to 11225
13:55 Uttam : 11165*
13:55 Jitender : kotak out
13:56 Rahul : so with NF and BNF will be
13:57 Vyom : kotak also in red now
13:57 Kaustubh : thanks UG, so in the morning they shorted the market and now covering the positions in profit…..is that a right inference or i am on altogher diff tangent
13:57 Jitender : had confused tem with icici results in morn faux pas
13:57 Jitender : (13:55) Jitender : kotak out
13:58 Jitender : look 2 b genuine reportn of numbers relatively 🙂
13:59 Kaustubh : can we take a short below 11130
14:00 Vyom : npa increase for kotak
14:02 Uttam : one more test of freak low
14:04 Anuj : BNF is wild cat
14:04 Anuj : 🙂
14:09 Uttam : new lows coming?
14:09 Uttam : BNF?
14:09 Uttam : 21880?
14:12 Uttam : 22025 ref on upside now
14:15 Uttam : 21880 goes we get a fresh move lower t0 21723
14:18 RajeshN : looks like the kotak dwn move was already anticiapted that why that regular dump at 22165
14:19 Uttam : 21880 here
14:19 Uttam : to the dot
14:20 Jitender : +1
14:20 Uttam : (14:09) Uttam : new lows coming?(14:09) Uttam : 21880?(14:12) Uttam : 22025 ref on upside now
14:20 Uttam : 21723 opens up is those 0s at lows are taken out
14:21 Uttam : Tej giving that 1000 pointer looks like
14:21 Boppanna : +1 Utta.. Tej you are fine with 800 pointer or getting that 1000ptr
14:21 Boppanna : 🙂
14:21 Uttam : 21832 low – d) Breaking below 21980, it could fall to 21930-885 / 21827-723 / 21645-570 / 21514-430 & 21360
14:22 Uttam : NF also getting weak now
14:22 Uttam : IS
14:22 Uttam : 0s at VWAP
14:23 Boppanna : BNF trying to bring NF down now IS wiht 90K
14:24 Uttam : 61k red at 11115
14:24 Uttam : NF has formed a nice ‘b’
14:25 Uttam : no RE also
14:25 Uttam : it is BNF which needed to decide whether it needs to fall more or enough for the day
14:25 Uttam : which needs to *
14:26 Tejpreet : Uttam Bops meant bn is being taken care of you get that 11048 in nf 🙂
14:26 Uttam : getting accepted below 21880 not good
14:27 Uttam : good chance of your 1000 🙂
14:27 Vishnu : booked again dt from 22k pe 307-420 rided. 2.3 dt now
14:27 Uttam : congo Vishnu
14:27 Rajan : +1 Vishnu
14:28 Anuj : +1 Vishnu
14:28 Tejpreet : Uttam have got almost a dt from bn now not touching it ….safe with nifty 🙂
14:28 Tejpreet : +1Vishnu
14:28 Vishnu : +1 tp
14:28 Vishnu : thanks ug rajan and anuj
14:29 Uttam : 21826.7 new low – d) Breaking below 21980, it could fall to 21930-885 / 21827-723 / 21645-570 / 21514-430 & 21360
14:30 Uttam : l;ows done looks like for the day in BNF?
14:31 Uttam : back to 22080 if stays above 21880
14:31 Boppanna : hmm 61k wrong place Uttam NF still not puked though
14:32 Uttam : 21940 minor hurdle on upside
14:32 Jitender : below 840…bnf gets into 540-840 range
14:33 Boppanna : oh yep the old Jit’s 540-840 🙂
14:33 Jitender : 🙂
14:33 Boppanna : I meant not the old Jit..but the old range 🙂
14:34 Shai : 🙂
14:34 Jitender : haha..m also old now man
14:34 Jitender : retiring age
14:34 Shai : that was a quick clarification
14:34 Shai : NF is coiled here at dpoc/ vwap
14:35 Boppanna : Shai BNF weakness on results?
14:35 Ankush Jain : too much divergence in NF & BNF today
14:36 Shai : 21750 is a swing supp in BNF
14:36 Shai : but the singles of today in BNF will invite call writers to carry abv 22700
14:37 Tejpreet : Jit if you are retiring then what happens to me 🙂
14:37 Shai : deifinitely the weaker one profile wise
14:37 Shai : we have 2 RE downs and singles
14:37 Jitender : speedo never retires 🙂 (14:37) Tejpreet : Jit if you are retiring then what happens to me 🙂
14:38 Tejpreet : your dt done lage raho _/\_
14:39 Uttam : (14:30) Uttam : l;ows done looks like for the day in BNF?(14:31) Uttam : back to 22080 if stays above 21880(14:32) Uttam : 21940 minor hurdle on upside
14:39 Uttam : 21940 coming
14:41 Uttam : first part done now lets get that 22080
14:41 Uttam : 22025 another monir ref in between
14:42 Aditya09 : ug what made you think that lows are done?
14:44 Uttam : L needs to get above 21980
14:45 Uttam : else we can still have new lows @Aditya09
14:45 Uttam : 21880 level on downside to hld once again
14:46 Aditya09 : ok thanks ug
14:49 Uttam : NF into monring singles
14:49 Uttam : BNF above 21980
14:53 Shai : Intra – shoirt NF below 11149 sl of 11170 tgt 11122 / 11080
14:54 Irfan : in
14:56 Rajiv Ohri : Shorts in?
14:56 Kaustubh : in
14:58 Shai : in add sl in system as last 30 mins
14:58 Shai : for those not in go below 11150 only
14:59 Tejpreet : Shai based on the profile some next month puts can be carried.
15:00 Shai : for what TF?
15:00 Shai : I think we stay at 11140
15:00 Tejpreet : cheif swing view for 10800 visit
15:00 Shai : tom’s prfoiel is imp
15:00 Shai : profile*
15:00 Shai : yes. prefer to play that when we exit this balance
15:01 Tejpreet : +1 , tks.
15:01 Vishnu : bank nifty still down left shai?
15:01 Shai : next round of swing shorts below 21750
15:04 Boppanna : First -ve COT since a while in NF 5min
15:05 Tejpreet : bops VT shrts.
15:05 Boppanna : +1
15:05 Uttam : 11100pe from 73.5-78
15:05 Aditya09 : super shai
15:05 Shai : 11126 book half- (14:53) Shai : Intra – shoirt NF below 11149 sl of 11170 tgt 11122 / 11080
15:05 Uttam : +100 Shai
15:05 Tejpreet : +1
15:05 Boppanna : can they push it below 11115
15:06 Uttam : ‘b’ profile so VAH to VAL trade to banta hai
15:06 Rahul : Shai 🙂
15:06 Rahul : Jhakassss
15:06 Rahul : pardon me for above
15:06 Shai : if 11120 goes we get 40 more
15:07 Ankush Jain : make it go
15:09 Shai : Book full
15:09 Boppanna : +1 Nice trade Shai
15:09 Milind : +1 Nice Trade Shai
15:10 Ankush Jain : if 120 goes, we shrt again?
15:10 Shai : can
15:10 Shai : time
15:10 Shai : 11139 sl for that sl
15:12 Uttam : BNF new lows at 21820 – (14:44) Uttam : L needs to get above 21980(14:45) Uttam : else we can still have new lows @Aditya09(14:45) Uttam : 21880 level on downside to hld once again
15:13 Shai : +1
15:13 Shai : below 21810 BNF can do a 70 quick
15:13 Uttam : yes 21723 is a vpoc in itg
15:13 Shai : +1
15:14 Shai : Guys remember range extension rules?
15:14 Shai : see BNF
15:14 Shai : moving smoothly lower
15:15 Shai : NF 11129 sl
15:15 Ankush Jain : why NF did’n
15:15 Uttam : cos it is part of a balance
15:15 Uttam : but looking ready to move away
15:15 Uttam : BNF was clean bvelow Value
15:16 Uttam : big reds in NF
15:16 Uttam : 10800 for expiry Shai 😉 ?
15:16 Ankush Jain : that freak low
15:16 Uttam : tomorrow will be the key as you said though
15:16 Shai : 11105
15:17 Uttam : not just freak low Ankush, we have a weekly POC at 10788 & a daily vpoc at 10810
15:17 Uttam : so when auction starts a fresh move in a direction these are the probable targets
15:17 Ankush Jain : there is a FA also sitting at 10910 I think
15:17 Uttam : 10921 in NF
15:17 Uttam : 10953 in spot
15:17 Shai : Boook if in new shorts
15:18 Jitender : us is gonna pass additional stimulus 2nite
15:18 Shai : time ran out else would have got to 11080 also- (14:53) Shai : Intra – shoirt NF below 11149 sl of 11170 tgt 11122 / 11080
15:19 Sunder : carry forward a short ?
15:19 Shai : we don’t carry here
15:19 Ankush Jain : SEBI ammending rules thick & fast. Maybe time change also on cards
15:19 Shai : Avoid un neccessary risk
15:19 Sunder : oh ok
15:21 Sunder : my other question…where do i see the speedo
15:22 Uttam : in the joineme & zoom links
15:22 Uttam : mentioned in tabA
15:25 Shai : RIL will hold NF as long as 2130 is held there this week
15:25 Shai : watch for a bear attack if 2130 goes in RIL
15:26 Shai : BNF weak close , but it can bounce back a bit tom
15:26 Shai : the quality of that bounce decides the next leg in it
15:27 Shai : 22005 supply for tom BNF
15:28 Uttam : thanks All 🙂 have a lovely evening
15:29 Vishnu : bye all
15:29 Rajan : Thanks all
15:29 Shai : Bye all
15:29 Giridhar Gowravajhal : Thanks Shai & Uttam !!! Bye all !!
15:29 Tejpreet : Bye All.
15:29 Shai : have a good evening
15:29 Manikandan : bye all
15:29 Rohan : Bye All