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
08:54 Vtrender Live : 30 min charts of NF and bnf- https://global.gotomeeting.com/join/825212237
08:55 Vtrender Live : 5 min charts of NF- https://join.me/766-358-810
08:56 Vtrender Live : 5 min charts of BNF, password vtrender- https://zoom.us/j/8647757494?pwd=UVNpR3ZvcnVyUmhEZDhJUVlYNVlkdz09
08:56 Nagaraj : Goodmorning all
08:56 Chandrashekhar : GM all
08:59 Manikandan : Gm all
09:01 Rajan : Good morning all
09:01 Giridhar Gowravajhal : GM all !!!
09:02 Shai : GM all
09:02 Rahul : Morning everyone
09:03 Shai : https://vtrender.com/market-profile-analysis-dated-26th-june-2020/
09:03 Shai : https://vtrender.com/weekly-charts-22nd-to-26th-june-2020-and-market-profile-analysis/
09:03 Dhananjay : Good Morning Everyone
09:03 Srividhya : Good Morning All
09:04 Uttam : Good Morning All 🙂
09:04 Neeraj : Good Morning All
09:04 Avinash : GM everyone
09:05 Ankush Jain : GM all. My 1st day and the info here is looking quite overwhelming
09:05 Ankush Jain : hope to get used to it
09:06 NeerajS : Same for me Ankush J
09:06 Shai : Friday was a balanced day in the markets
09:06 Shai : As mentioned on friday, we have a lot of money still on the sidelines waiting to come into the current contract
09:07 Himanshu : Chief GM –
09:07 Shai : ref line for the open would still be the same 10240F
09:07 Shai : edge of balances of friday is also at 10235- 10348
09:08 Shai : we wait to see if there is any imbalance from this zone today
09:08 Shai : A hearty welcome to all the new members
09:08 Ankush Jain : hope to learn things
09:08 Ajay : GM Shai
09:08 Aditya : Good Morning all.
09:09 Ajay : Greetings from this new member
09:09 Shai : we don’t expect you to undertand a deep study such as the Marketprofile and orderflow in a day or even a week. Stay tuned and keep observing
09:09 Bommareddy : Good Morning All
09:09 Praveen : hi good morning
09:09 Ajay : ok sir
09:09 Praveen : Is chart sjhowing…or i hv problem
09:11 Tejpreet : GM All.
09:11 Uttam : welcome to all the new members 🙂 charts are on Praveen
09:12 Seshadri : gm all
09:12 Sachith : good morning everyone… happy trading
09:12 Rajesh G : gm
09:14 Chandrashekhar : BNF ha O-H
09:14 Chandrashekhar : has*
09:18 Uttam : freak one no vols there
09:19 Shai : open at the edge of balance
09:19 Shai : 10280 now a supply at this open
09:23 Uttam : 75k green at 10225
09:23 Uttam : 10230*
09:24 Uttam : the fight is on
09:24 Uttam : BNF weaker
09:24 Uttam : but getting some greens
09:24 Uttam : 32k & 23k
09:27 NeerajS : which chart are u referring to? 5 min?
09:27 Boppanna : yes Neeraj
09:28 Rajesh : nifty open ORR?or OA uttam?
09:28 Shai : A small 25 point trade opens up abv 10255 for 10280 sl of 10238. abv 10255 only. open still at edge of balance
09:28 KK : It could not beak Thursday lows..
09:28 NeerajS : these are futures levels?
09:29 Kannan : 10.3 ce 106 to 115. placed the risk right below the 76k guy
09:29 Rajesh : i mean is it rejecting edge of balance?
09:29 Himanshu : Yes New Friends observe
09:29 Himanshu : Still day is young
09:30 Himanshu : Follow Chief’s call only – New Series starting with FIIs and Pro – As per data on Website are having -VE bias
09:30 Himanshu : Volumes are adding is good sign for move
09:33 KK : Reliance Holding ?
09:33 Aniket : 77k and 97k Guy are holding their levels.
09:34 KK : So if goes for friday high of 1752
09:34 Shai : will look for a confirmation of exit of balance below 10213 today
09:34 Shai : 10278 on spot is a VPOC which got tested
09:35 Shai : dis still 66
09:36 Seshadri : 10213 NF?
09:36 Shai : yes
09:37 Shai : yes- (09:28) NeerajS : these are futures levels?
09:37 Shai : we work with Volumes and spot does not give volume data
09:37 NeerajS : oh yes! thanks
09:38 Vyom : Gm Shai.. 10213 is what level? how did we arrive at this?
09:39 Shai : based on spot at 10278
09:39 Uttam : that 97k buyers if gets negated NF can fall more
09:39 Uttam : BNF also imp levle this 20975
09:40 Uttam : 10200 ow to the dot so far – b) The auction below 10306 can test lower levels of 10290-276 / 10240-220 / 10175-145 & 10104-081
09:40 Uttam : 10220*
09:40 Uttam : BNF 20980 – b) The auction has support at 21420-390 below which it could test 21310 / 21228-156 / 21072-20975 / 20900-850 / 20784-700 & 20616-545
09:41 Uttam : 39k green in BNF at lows
09:41 Seshadri : DPOC has moved down from 10256 to 10223
09:42 Uttam : yes thanks to that 97k buyer & subsequent defence there in this bar
09:43 Uttam : buyer giving up?
09:43 Himanshu : eys
09:44 Tejpreet : Uttam vol good for a drive ?
09:44 Himanshu : Pro- FII both added short
09:44 Uttam : first 15min average vols Tej
09:44 Tejpreet : tks
09:44 Uttam : lets see if we get an increase now
09:45 Shai : Buy 10200 pe at 111- 112 sl of 94 tgt 147
09:48 Ankush Jain : are we heading towards Drive opening day?
09:48 Vyom : Shai what about this 85k green?
09:51 Vyom : how do we know when to ignore a big green and when to give it more importance
09:51 Shai : There is an IS before it, no?
09:52 Prateeek : Two IS in the day till now.
09:52 Shai : ignore 1st 5 mins
09:52 Vyom : Yes. But COT is 1 lakh plus in the 85 bar
09:52 Vyom : so just trying to understand how to make th decision
09:52 Shai : So?
09:52 Himanshu : That could be SLs also
09:52 Shai : IB is not there
09:53 Vyom : So since there was IS plus we broked 10213, so we took the trade?
09:53 Vyom : broke*
09:53 Jitender : i will nt shrt here bnf..fresh
09:53 Himanshu : Vyom – If u remember – Chief told volume is waiting on sidelines yet
09:53 Shai : THis particular trade is on MarketPofile
09:54 Shai : Take profit in the 10200 pe at 119 here cmp
09:55 Shai : looking for more confirmation from orderflow, which is not yet showing big sellers coming
09:56 Govind : +1 Shai
09:56 Vyom : ok
09:56 Chandrashekhar : +1 Shai
09:58 Seshadri : DPOC is moving down from 10256 to 10233 to now 10206
09:58 Aditya : there are some thin prints on MP in this region (10180-10200)
09:58 Shai : +1
09:59 Aditya : from 25-jun
09:59 Shai : IS now
09:59 Ankush Jain : IS?
10:00 Neeraj : can we enter 10200 pe again shai
10:00 Shai : Intra – Buy 10200 pe again at 120 sl of 104 tgt 147
10:01 Shai : B has moved now
10:02 Shai : looking to see if 10170 breaks in B
10:03 KK : aa gaye bade wale volumes
10:03 Shai : Vyom, got your answer? if the vol is not confirmed by an IB it is a rookie player
10:07 Vyom : ok Shai thnks.. just trying to learn things.. thanks for the replies
10:08 Shai : one more setr of buyers coming back in NF
10:08 MJ : Just above that HVN.
10:08 Shai : can be a wild day
10:10 Jitender : tere only…view over (09:53) Jitender : i will nt shrt here bnf..fresh
10:12 Seshadri : DPOC is continously moving down
10:12 Himanshu : Chief – on Join me – 5 Mt chat left qunats /charts needed some alignment
10:13 Shai : put a part booking order in 10200 pe at 130 in system, cmp 126
10:14 Himanshu : ‘C ‘ to follow parents or Naughty as usual
10:14 Ankush Jain : C below B now
10:15 Shai : 10177- (10:02) Shai : looking to see if 10170 breaks in B
10:15 Shai : 130 half out, sl at 120 on rest, no risk now- (10:13) Shai : put a part booking order in 10200 pe at 130 in system, cmp 126
10:15 Boppanna : +1 Shai
10:15 Shai : if C breaks 10165 we trend now
10:16 KK : BNF 47K
10:16 Uttam : A period singles moving away from balance we have in both 🙂
10:16 Uttam : demand is there but supply has been persistent
10:16 Vishnu : fa at 10156 thr.
10:17 Uttam : 10175 hvn supporting here Shai?
10:19 Shai : 10140 is HVN
10:19 Shai : 19th June?
10:19 KK : RIL or BNF pe bharosa hai, otherwise trend day
10:20 Uttam : 10175 was expiry day hvn I guess Shai?
10:20 Shai : down to 10240 now- (09:19) Shai : 10280 now a supply at this open
10:20 Uttam : cute C side in both ;-p
10:21 Govind : BNF ATM PEs not moving in line with futures Uttam
10:22 KK : That 130 order went through, Shai +1
10:25 Shai : exit the bal qty in the PE
10:25 Shai : we buy again if 132 is crossed
10:30 KK : yes, BNF
10:33 Chandrashekhar : Jit +1 for the BNF comment(9:53)
10:33 KK : Jit +1
10:33 Favas : +1 jit
10:33 Favas : always
10:35 Jitender : cheers
10:37 Shai : folow a rigid rule of 1% per trade- https://vtrender.com/risk-management-on-calls/
10:37 Shai : 1% risk per trade
10:37 MJ : Shai IBL values are off in the box?
10:39 Nishant : Shai : 1% risk means stop loss should be not more than 1% in each trade?
10:39 Prateeek : Not like than risk on every trade should be equivalent to 1 percent of your capital
10:39 Prateeek : that*
10:39 Shai : details in the link abv
10:41 Shai : +1- (10:39) Prateeek : Not like than risk on every trade should be equivalent to 1 percent of your capital
10:41 Naresh Dubbudu : These buyers as VWAP are taking aggressive positions. Watching their next fate.
10:42 Naresh Dubbudu : POC of last three bars exactly at same level in BNF.
10:42 Chandrashekhar : Uttam C dhoka confirmed?
10:42 Chandrashekhar : we got c extn at lows
10:44 Uttam : C ext gives VWAP in bth
10:45 Himanshu : Chandu – Dhoka is on upside
10:45 Himanshu : not down I guess
10:45 Himanshu : Not crossed B High
10:45 KK : Late buyers will provide that nice dip in D ?, is that possible after VWAP visit ?
10:46 Himanshu : Sellers – shoud be stil in cortriol
10:46 Himanshu : We have not seen single IB yet
10:47 Jitender : should or are…the ans is the diff between tkn a trade or waitn
10:47 Himanshu : Not taken Jit- cause still following major set up
10:48 Himanshu : not taking contra trade for C here
10:48 Jitender : i know
10:48 Jitender : was just remndn newbies n all
10:48 Himanshu : Y day Suyog Data says – Pro – FIIS both added shorts
10:48 Jitender : so ?
10:49 Himanshu : They might have booked profit and becmore more strong ,,,
10:49 Himanshu : Yes data can change intrday,,
10:49 Himanshu : but I want to see IB,,
10:49 Jitender : so..nopre emptn
10:49 Jitender : lets b sure of r/r
10:49 Jitender : n nt be confused
10:49 Himanshu : yes
10:49 Jitender : full day ahead is tere
10:50 Himanshu : yes
10:50 Jitender : +1
10:50 Himanshu : hence – if 175 is puked .. day coudl be wild ,,
10:50 Himanshu : Waiting ,,
10:50 Govind : Best to wait till 12:30/1PM
10:51 Himanshu : Bus –
10:51 Himanshu : Khatam – Prabhu said
10:51 Himanshu : Govindbhai – Ekdum Silent hain — earger to see your words
10:51 Jitender : lets keep chat here clean unless we observe sumthn unique to help….n follow the setups
10:52 Himanshu : KK –
10:52 Govind : No one side is overpowering this Himanshu and OAOR, so best to wait until one side unravels
10:53 Uttam : we have an initiative open in both but equal fight from buy side as well
10:53 Uttam : plus volumes are on the lower side
10:53 Govind : +1 UG
10:53 Uttam : PLR down
10:53 Himanshu : Yes,,
10:53 Shai : 137 plus doable now on 10200 pe
10:53 Uttam : as are accepting below value
10:53 Shai : sl is 103 on day
10:55 Parul : Shai, does today’s action alter the July/Aug prob of 11400 ?
10:55 Manish : Hello All. Am new member here. The bottom chart is of BankNiftyFutures, current month, july end expiry?
10:56 Uttam : Spot does not has any C side in both
10:56 Uttam : still in IB
10:56 Uttam : yes Manish – (10:55) Manish : Hello All. Am new member here. The bottom chart is of BankNiftyFutures, current month, july end expiry?
10:57 Uttam : 25k red stuck at lows in NF getting out looks like
10:57 Manish : TY Uttam.
10:57 Uttam : ‘b’ shape for now
10:57 Shai : +1
10:57 Ketan : +1 uttam
10:58 Manish : So what is the link given of “5 min charts of BNF” at zoom?
10:58 Uttam : the zoom & joinme link gives you bigger view of the 5min OF charts of BNF & NF
10:59 Uttam : first IB for the day?
11:00 Vyom : IB on low volumes Uttam?
11:01 Vyom : now we should look to buy only above VWAP for the day?
11:01 Aniket : 10:45 Nifty OF shows COT highly -ve. Also sellers in control. Y couldnt we buy at that candle? Also IS shown in same candle.??
11:02 Uttam : (10:53) Uttam : PLR down(10:53) Uttam : as are accepting below value
11:02 Aniket : I mean buy 10200PE
11:03 Avinash : +1UG
11:03 Uttam : MArket Profile is the base guys so we view the bigger picture via MP & look at OF to confirm that view to make good entry & exits
11:04 Dhananjay : Which Day type is Today ?
11:04 Uttam : if an IB is not able to even get above VWAP we know it is not doing a good job
11:04 Uttam : so far Normal Day
11:04 Uttam : Day type we can figure out only post 12:30-1:00
11:04 Uttam : start to figure out*
11:05 Uttam : 10200pe OI now again on the rise
11:05 Uttam : 20L to 11L
11:06 Himanshu : IT – giving up big time over last Blast up
11:06 Uttam : though the 10300 OI has been diverging from open
11:09 Rahul : Uttam 10300 CE writers are rising since morning.1+
11:09 Uttam : even 10200ce is being written
11:10 Uttam : need to good RE so that all those buyers are taken out and we get a good move lower
11:11 Rahul : Yes IO change is 169 percent in 10200 CE writers
11:12 Chetas : i heard we could get one more lockdown in maharashtra from 4th july for 10 to 15 days
11:12 Tejpreet : Geo News reporting at least 4 terrorists have stormed the Karachi Stock Exchange building after lobbing a grenade, and are currently inside the building.
11:13 Uttam : work from home they doing Tej 😉
11:13 Sanjib : 🙂 UG
11:14 Tejpreet : 🙂
11:14 Avinash : lol UG
11:14 Nishant : they will buy and sell guns and grenades there.. 😉
11:15 Aditya : epic 🙂
11:16 Shai : if anyone in this keep trading it- (10:53) Shai : 137 plus doable now on 10200 pe(10:53) Shai : sl is 103 on day
11:17 Shai : next leg when 10170 breaks
11:17 Uttam : +1
11:17 Shai : sl for this leg is 10113 F
11:17 Shai : 10213** F
11:17 Shai : though a better stop is 10240
11:17 Uttam : 10200pe writers can get a scare
11:18 Krishnakant : Holding it chief 10200Pe. 50% qty
11:18 Ankush Jain : i can’t see the shared screen
11:18 Uttam : today’s writing has coming in the band of 125-115
11:18 Uttam : staying above 125 can lead to these writers to start exitng
11:19 Shai : for uninterruped charts, amke sure you have updated flash players and a good net connection
11:19 Shai : https://support.webinato.com/support/home
11:19 Shai : Get flash updated
11:20 Uttam : RE coming?
11:21 Uttam : aa gaya
11:23 Vyom : Uttam this pink band on NF means?
11:23 Bommareddy : Q :– IS and huge COT +ve, can anyone please let me know how to interpet this
11:23 Himanshu : Le gayi dil gudiya japan ki
11:23 Uttam : ignore that pink back has come cos of 0s
11:23 Shai : book out the PE
11:23 Uttam : we have 2 big greens Bomma so COT is plus
11:24 Nirmal : is the only last COT important ?
11:24 Himanshu : UG 10200 PE – has unwidin started’
11:24 Shai : profit booking- (11:23) Bommareddy : Q :– IS and huge COT +ve, can anyone please let me know how to interpet this
11:24 Nirmal : 486975 one
11:24 Bommareddy : OK thx UG
11:24 Bommareddy : Thx Shai
11:25 Ankush Jain : good to buy 10200 PE again at 130?
11:26 Shai : booking advice sent – (11:23) Shai : book out the PE
11:27 Vyom : when should be look to enter again Shai?
11:27 Shai : near 10200
11:27 Vyom : ok..thanks
11:27 Shai : spot is headed tp 10100
11:27 Shai : view still remains to short and keep shorting
11:28 Shai : we are not looking at all to be long in this market
11:28 Shai : Bias rules anyone?
11:28 Vyom : Shai just for understanding, which level breaking has made this view stronger?
11:28 Uttam : Open Type – Bearish
11:28 Nishant : Shai – A little confused. U had initially said below 170 fall could be sharper.. But as soon as it went below 170 u advised profit booking. Y?
11:28 Prateeek : open, vwap and re
11:28 Uttam : Below VWAP
11:28 Uttam : RE Lower
11:28 Avinash : OP type/ Vwap/ RE
11:28 Chandrashekhar : Open placement
11:28 Vyom : It is breaking of IB and below VWAP plus RE?
11:28 Chandrashekhar : Vwap
11:28 Chandrashekhar : RE
11:29 Ankush Jain : IB broken
11:29 Uttam : watch OF Nishanth – (11:28) Nishant : Shai – A little confused. U had initially said below 170 fall could be sharper.. But as soon as it went below 170 u advised profit booking. Y?
11:29 Uttam : when we get big greens does not make sense to stay short
11:29 Uttam : always good to book and enter again
11:29 Nishant : Uttam – Where do we see OF on this chart?
11:31 Uttam : right here in the room
11:32 Uttam : first chart is 5min NF
11:32 Uttam : where we saw that 1L green & 87k Green
11:33 Shai : One guy has crushed all supply
11:33 Shai : need to see more sellers agin
11:33 Uttam : 135 high so far – (10:53) Shai : 137 plus doable now on 10200 pe
11:33 Nagaraj : +1 Shai
11:33 Nishant : Ok – Where exactly was that 1l and 87k green seen on this Nifty chart. Are u refering to this green letters (105150 and 87375)?
11:34 Uttam : those numbers are traded volumes
11:34 Uttam : NF low exact at that FA
11:34 Uttam : 10156+
11:34 Vyom : Uttam what is this PWL at 10156?
11:34 Nagaraj : 102220 revisit?
11:34 Uttam : 10145 was VWAP of 19th June which is imp ref as we got buyers that day
11:34 Rahul : Uttam 1+
11:35 Uttam : so looks like those buyers are defending that zone
11:35 Boppanna : Previous week low
11:36 Shai : +1
11:36 Shai : yeas easy move lower off that Friday balance done
11:36 Shai : now sellers have to show mettle
11:36 Ajay : what does +1 denote?
11:37 Ajay : ok thanks
11:37 Uttam : I agree +1
11:38 Sreedhar : +1 UG : )
11:39 Shai : :)- Hope you undertand now – (11:28) Nishant : Shai – A little confused. U had initially said below 170 fall could be sharper.. But as soon as it went below 170 u advised profit booking. Y?
11:39 Ankush Jain : IB in green box on 5 min chrt indicating initiative buying?
11:39 Shai : when you trade blind you lose money
11:39 Shai : Orderflow is a lead indicator to what price will do next
11:39 Rahul : Shai +1
11:39 Shai : it leads price
11:39 Tejpreet : BNF holding the C low
11:40 Nishant : So orderflow is the volume traded
11:40 Shai : All new guys stay in observation mdoe with an open mind, forget what you have learnlt outside and welcome to a new way of trading with an open mind and with hard data
11:40 Aditya : +1
11:40 Sanjiv : +1
11:40 Shai : And spend time in the training library, else this is Latin and Greek to you
11:41 Ajay : +1
11:41 Rajesh : bias check: open singles,below vwap,blow RE….BIAS negative in nifty
11:41 Shai : +1
11:41 Seshadri : +1 shai
11:42 Shai : Bias remains down below 10214
11:42 Rajesh : open type is this OA?
11:42 Rajesh : day type NV day expected
11:42 Shai : #10213- (09:34) Shai : will look for a confirmation of exit of balance below 10213 today
11:42 Shai : we now wait for new selling below PWL
11:43 Nishant : And below PWL again check the order Flow (Volumes) and IB/IS with COT
11:45 Sanjiv : what is PWL? thanks
11:46 Amit Jain : prev week low.
11:47 Fenil : PWL means??@Shai
11:47 Shai : can rebuy 50% 10200 pe again at 122 sl of 111 tgt 147
11:47 Shai : 50% position
11:49 Shai : F has to retest the big player we saw
11:49 Vyom : which level Shai big player?
11:50 Saurabh rohatgi : what was the big player level ?
11:50 Shai : PWL
11:50 Vyom : ok
11:51 Vyom : so its a sell on rise till 10213 is broken on upside with volumes or IB?
11:53 Shai : He is as big as the seller we saw at 10480 on wed before expiry
11:54 Vyom : Shai how big the seller or buyer we can see on market profile chart?
11:54 Shai : could also be profit bookjing as it was green and showed no supply
11:54 Shai : we can se ethem on OF charts only
11:55 Vyom : ok
11:55 Uttam : ‘b’ to bell a possibiliyt now in both
11:58 Shai : come out at cost here- (11:47) Shai : can rebuy 50% 10200 pe again at 122 sl of 111 tgt 147
11:58 Shai : willw ait for better supply
11:58 Shai : will wait*
11:58 Uttam : fresh highs in OI in that 10200pe
11:59 Raunaq : these type of days can test your patience
11:59 MJ : OAIR OAOR are the most frequent days @Raunaq.
12:00 Raunaq : yes but volumes can be frustated sometimes
12:00 Raunaq : not giving enough thrust
12:00 Rahul : uttam 1+ increase in CE writer at 10200 is at 191%
12:00 Shai : start of the series is mostly like this
12:00 MJ : Yes 🙂 Just be fresh through the day, and don’t get stuck onto any trade for long. Vols for series yet to come.
12:01 Shai : bias is clean today, though supply could have been better
12:01 Raunaq : yes
12:01 MJ : +1 cheif.
12:01 Shai : stay with the short view below 10214, look for IS to initiate again
12:01 Parul : Shai, any change in 11400 probs in July/Aug, seeing the action today ?
12:02 Nishant : Shai – Where can we see the OF charts as u just now said? Is it also a part of the package?
12:03 Shai : All charts are OF charts Nishant
12:03 Sanjib : Anuj says BNF can see Short Covering
12:03 Shai : 10300 is the trigger for series though that old swing at 10100 is protective now – (12:01) Parul : Shai, any change in 11400 probs in July/Aug, seeing the action today ?
12:04 Shai : I don’t see July swing much any way
12:04 Naresh Dubbudu : Anuj says based on Dow trying to stay in green. All it needs to go for toss is just one solid red in dow. Can come with European opening.
12:04 Shai : would be a chop and both buyers and sellers will get eaten out in turns
12:05 Jitender : so he cn claim credit either side 🙂 (12:03) Sanjib : Anuj says BNF can see Short Covering(12:04) Naresh Dubbudu: Anuj says based on Dow trying to stay in green. All it needs to go for toss is just one solid red in dow. Can come with European opening.
12:06 Sanjib : 🙂 +1 Jit
12:06 KK : Anuj, who ?
12:06 Sanjib : CNBC TV18
12:06 KK : oh.
12:07 Nirmal : why we r talking about anuj cnbc ..we shud focus here
12:07 Nirmal : it will confuse i believe pardon me
12:07 Rajesh : G period should break 10156…
12:07 KK : will track Dow etc. so not sure of break
12:10 Aditya : To take an intra-day position, is it better to buy an option or sell an option? or is it inconsequential?
12:11 Uttam : no fixed rule for it Aditya and depends on your capital plus risk profile but best is to trade futures 🙂
12:12 Uttam : lets have some move in BNF now
12:12 Uttam : been quiet since open
12:12 Uttam : anyone for 21420?
12:12 Uttam : has a probable FA at lows
12:12 KK : BNF magiv only above 21060, then with you UG all the way
12:12 Uttam : failure to extend range can take it back to that prominent 2-day POC
12:12 Sanjib : @Aditya – my take here. We typically are playing long gamma trades, so it’s better to buy options as movement will be very quick. If selling, you don’t get the same benefit even if the movement is quick as gamma starts to decrease
12:13 Aditya : understood Sanjib
12:13 Manish : My first day here, yet to go through the whole learing material but from what i read yet, with the last 5 min candle, it looks like “Go, Goa , Gone”, downside. LWnW (Lets Wait n Watch).
12:13 Aditya : thanks to both UG and Sanjib
12:13 KK : RIL fell on large volume and recoverd on small volume, what do we make from that ?
12:13 Sanjib : _/\_
12:18 Shai : No major supply seen since that 87k green at 10166
12:19 Shai : sellers have to act
12:19 Shai : ref line still at 10214
12:20 Bommareddy : Q:- Any write up in blog for Desi MO(McClellans Oscfor NSE) which is on Vtrender Twitter daily
14:35 Uttam : we have a prominent POC & vwap thewre so close mostly around it
14:35 Uttam : do not look for BOS
14:35 Uttam : break outs
14:35 Himanshu : yes ..
14:36 Tejpreet : +1 Uttam let
14:36 Tejpreet : s have a bo tmrw
14:36 Manish : So normal Volume is also Bholume or all volume is bholume?
14:37 Himanshu : UG – after long time 200 Point Value area in BNF
14:37 Manish : guess that a fat finger maybe
14:37 Himanshu : Bholume is not fat finger
14:37 Himanshu : Is Bong Prounciation –
14:37 Manish : great. Got it
14:37 Uttam : tom is the last day of June so lets see how many more days we have these narrow ranges
14:38 Himanshu : and Manish – Now on Wed we will have monthly Report –
14:38 Himanshu : From UG – we have to align with that for July month states
14:39 Raunaq : as a option buyer not a good day to trade
14:39 Himanshu : That report will be verse 131.25.11 of Bible for July month
14:39 Uttam : it is a good day but need to trade for smaller ranges – (14:39) Raunaq : as a option buyer not a good day to trade
14:39 MJ : Ug: AGH please khatam karo.
14:39 Himanshu : Ye AGH kya hai bhai
14:40 Uttam : filling of upper profile in process
14:40 Raunaq : yes
14:40 MJ : K touched 50% of those upper tpos.
14:40 Manish : Sure, i am tuned.
14:41 MJ : Too much money lost in tsl today. Should have been one shot entries and exits.
14:41 Uttam : @Tej you planning a spike>
14:41 Tejpreet : Karan Arjun have to !!
14:42 Uttam : or Bops is your hammer out from its hangover?
14:42 Himanshu : MJ – think – June ending.,,Qtr endalso
14:42 Himanshu : Decisive could be from tom or Next, I Guess
14:42 MJ : Yep.
14:43 MJ : hdfcbank marginal green to 133 pt contri to bnf.
14:43 Uttam : both 21k CE & PE shedding OI
14:44 Manish : bnf 21250 anyone?
14:44 Himanshu : MJ – UG – Hadfc bank opened new range up
14:44 Himanshu : to be watched for – BNF
14:44 Uttam : 21420 will be even better 🙂
14:45 Manish : i will stay with 250 fro today
14:47 Uttam : 24k green right at PDH
14:47 MJ : Offside.
14:48 Manish : 24k green at PDL, ??
14:50 Boppanna : yes Manish
14:50 Uttam : 554025 high in that CE last 5min bar – (14:08) Uttam : 21k ce frm 483 to 510 50% out(14:09) Uttam : 560 needs to be taken out in that CE
14:50 Uttam : 554.25
14:51 Avinash : +1 UG
14:53 Himanshu : NF is afraid of Chief today – Obedient Boy
14:55 MJ : 1505 move anyone?
14:55 Uttam : (14:35) Uttam : we have a prominent POC & vwap thewre so close mostly around it(14:35) Uttam : do not look for BOS(14:35) Uttam : break outs
14:55 KK : +1 H, HDFC Bank on a high for the month, lets see if extends and stays
14:56 Himanshu : Hope is not MFs ( NAV prop buy)
14:57 Himanshu : but is sustains above 1062 tom closing also then . can be anchor BNF move for July mth
15:03 Uttam : good vols
15:03 Uttam : in both
15:03 Uttam : spike can come
15:03 Tejpreet : 🙂
15:04 KK : ab aaya move
15:04 Uttam : je baat
15:04 KK : 280 dikha do
15:04 KK : BNF
15:04 Uttam : 21220 ke upar le jao
15:04 Uttam : 21220 high
15:04 Uttam : mentioned that level in morning
15:06 Uttam : bam bam bhole
15:06 Tejpreet : Arjun has done his hw , Karan needs to pull up
15:06 Uttam : 21420?
15:07 Uttam : Fa confirmed
15:08 Tejpreet : tks Sir :)0
15:08 Chandu : hwmch volume shuld v consider as good fr nf n bnf in 5min
15:08 Vyom : Uttam how to confirm FA.. which level FA in BNF?
15:08 MJ : Thanks ug
15:08 Uttam : you did it MJ
15:09 Uttam : got that 3:05 move to the dot
15:10 MJ : OG credit to the source for letting us know about 1505 moves.
15:11 Shai : nice green build up
15:11 Shai : can push 10280 plus
15:11 MJ : Jau dya!
15:11 Uttam : Tej got that NE
15:12 Shai : only blue cot last 1 hour
15:12 Vishnu : shai carrying of 10200 weekly combo sell advisable
15:12 Tejpreet : Shai will get that NE Uttam :;)
15:13 KK : HI, HDFC Bank on a roll
15:13 MJ : :)))
15:13 Uttam : 565 to 627 in tghat 21kce, above 560 will fly had mentioned
15:14 Tejpreet : +100
15:14 Uttam : 670-675 can come
15:14 Uttam : last lot left for that
15:14 Shai : bookings
15:15 Shai : book out if long
15:15 Uttam : ok all out at 622 🙁
15:15 Shai : +1
15:15 Naresh Dubbudu : Why Shai?
15:15 Rajan : Uttam – Do we have FA in Nifty spot ??
15:15 Shai : spot went neutral
15:15 Uttam : anyone remembers 21300
15:15 MJ : Yes man..
15:16 Uttam : 21420 coming guys
15:16 MJ : hdfcbank 1054 boarded.
15:17 Uttam : but only 12 mins left
15:17 MJ : 280 is here bossman.
15:17 Shai : +1
15:17 Tejpreet : what about the plus !!
15:17 Uttam : 21370 is weekly VAL
15:18 Shai : hope everyome here had a good day today
15:18 Tejpreet : Yes
15:18 Rahul : indeed yes
15:18 Shai : swinging market – changing bias
15:18 Ankush Jain : 1st day, was quite overwhelming
15:18 Rahul : Failed to catch the last move, but understood it.
15:18 Rahul : Learning and Learning
15:18 Uttam : 650 so far – (15:14) Uttam : 670-675 can come
15:19 Shai : was a good session for all to learn
15:19 Uttam : neat 90 points from that 560
15:19 Nishant : Shai – Can one carry Nifty Shorts at closing? or Nifty 10200 PE?
15:19 Shai : Volume leads price and Orderflow shows what price can do next
15:19 Uttam : +1 Shai
15:19 MJ : +100 chief.
15:19 Vishnu : good shai
15:19 Uttam : last long jump coming in BNF?
15:20 Shai : 10320 supply for tom
15:20 Rajesh : average volume in nifty 5 minute chart is 5 lakhs?anything above that is good volume?am i right shai?
15:20 Shai : NF has to jump abv it quickly to continue this leg up
15:20 Rahul : +1
15:20 Shai : else it would drop back to 10200
15:21 Uttam : half yearly close tom Shai so can expect cash buying buying by DIIs?
15:21 Uttam : spot has a FA anyways
15:21 Uttam : so will trade it accordingly
15:21 Shai : DII supp came today I feel
15:21 Uttam : +1
15:22 Uttam : no wonder sellers did bad job
15:22 MJ : chief carrying 10200 ce from lows. can hold?
15:22 Vishnu : mj u bught in lowss great
15:24 Vyom : can we carry longs?
15:24 Vyom : closing above 10240 NF
15:24 Himanshu : Do Spread MJ
15:24 Himanshu : 20500 pE mthly with Weekly Buy as hedge
15:25 Himanshu : good RR
15:25 MJ : Na ducking off himanshu.
15:25 MJ : Fresh tomorrow.
15:25 KK : MJ, worried about aakraman from Nepal in the night..:)
15:25 MJ : lol
15:27 Himanshu : haha
15:27 Himanshu : DAX broke out – let see SPX tonight ..
15:28 Naresh Dubbudu : SPX & DOW are at a lower ref. Chance of breakdown more than break out.
15:28 MJ : Bye chief and all. Have a nice and safe evening.
15:28 Shai : Bye all
15:28 Tejpreet : Bye All
15:28 Shai : Have a good evening
15:29 Uttam : thanks All 🙂 have a lovely evening
15:29 Shai : Catch up tom,
15:29 Himanshu : Bye all
15:29 Giridhar Gowravajhal : Thanks Shai & UG !!! Bye all
15:29 Himanshu : Thx Chief- UG – Jit
15:29 Avinash : Bye everyone
15:29 Aditya : Thank you all and have a nice evening!!
15:29 Himanshu : Bye New Friends here,. Libraray time.
15:29 Sylvester : Bye all.
09:06 Shai : (09:03) Shai : https://vtrender.com/market-profile-analysis-dated-26th-june-2020/(09:03) Shai : https://vtrender.com/weekly-charts-22nd-to-26th-june-2020-and-market-profile-analysis/
09:08 Shai : (09:06) Shai : Friday was a balanced day in the markets(09:06) Shai : As mentioned on friday, we have a lot of money still on the sidelines waiting to come into the current contract(09:07) Shai : ref line for the open would still be the same 10240F(09:07) Shai : edge of balances of friday is also at 10235- 10348(09:08) Shai : we wait to see if there is any imbalance from this zone today
09:10 Uttam : NF Hypos for 29.06.2020
09:10 Uttam : a) NF needs to stay above 10329 for a rise to 10356 / 10392-*403* / 10460-489* & 10516-544*
09:10 Uttam : b) The auction below 10306 can test lower levels of 10290-276 / 10240-220 / 10175-145 & 10104-081
09:10 Uttam : BNF Main Hypos for 29.06.2020
09:10 Uttam : a) BNF needs to sustain above 21516 for a rise to 21606-690 / 21760* / 21839-888 / 21965 / 22085-130 & 22260-356
09:10 Uttam : b) The auction has support at 21420-390 below which it could test 21310 / 21228-156 / 21072-20975 / 20900-850 / 20784-700 & 20616-545