OrderFlow charts dated 10th July 2018

OrderFlow charts dated 10th July 2018

OrderFlow charts – 30 min duration of the Nifty and the BankNifty July Futures showing the Buy side and the sell side imbalances

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09:07   Shai : (09:06) Shai : https://vtrender.com/evening-marketprofile-report-dated-09th-july/

09:18   Shai : (09:18) Shai : Intra : Buy Nifty 10887 sl of 10855 tgt 10926

09:30   Shai : (09:30) Shai : NF 10909 . Book half and place sl at cost on rest

10:17   Shai : (10:17) Shai : Intra : Buy BankNifty near 26845 ( cmp 26875) sl of 26780 tgt 26956.

11:14   Shai : (11:14) Shai : Buy 50%25 of the BNF longs here 26882. Keep 50%25 open at 26840. Hold till 3.00 pm the trade with same SL.

11:32   Shai : (11:31) Shai : Book the NF intra day trade fully at 10921 here

12:05   Shai : (12:05) Shai : Intra : Buy 10900 ce at 110 sl of 96 tgt 130.

13:21   Shai : (13:21) Shai : BNF second size in

13:51   Shai : (13:51) Shai : Book the BNF trade fully at 26875. We are still net plus in it.

13:51   Shai : (13:51) Shai : stay with the 10900 ce

14:09   Shai : (14:09) Shai : Book the 10900 ce near 115.

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08:59   Shiv : GM All
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09:05   Shashwat : Good Morning Shai and all
09:06   Shai : GM all
09:06   Shai : https://vtrender.com/evening-marketprofile-report-dated-09th-july/
09:07   Tulajaram : GM Shai, and all.
09:07   Jitender : Gm Filks 🙂
09:07   Jitender : Folks
09:07   Praneeth : Gm All
09:09   Tulajaram : In yesterdays N F M P, M TPO Iis a small spike or selling tail?
09:10   Tulajaram : is
09:10   janak : gm shai, all
09:11   janak : we e in a bull round now – better to buy calls at 3.29 pm daily ?
09:11   janak : till 11300 NF is a swing
09:12   TP : GM All.
09:14   Shai : gap up
09:14   Shai : for some reason I do feel this price on sceen should have come late in day yesterday itself
09:15   Shai : anyways for now 10858/ 26720 are supp
09:15   Manjunath : GM Shai & all…
09:16   Uttam : Nifty spot does exact 1atr of 10902 from yesterdays FA of 10807
09:16   Jitender : Shai..last time we went over 11k..crude n $ were way below….wats yr take on scaling new highs…with both them up ?
09:16   janak : Shai pos. tgt can be 920/960/11020 till Friday?
09:16   Uttam : BN 1atr at 26871
09:16   Shiv : looks like OAOR today as well
09:18   Shai : Intra : Buy Nifty 10887 sl of 10855 tgt 10926
09:20   Shai : OP + range is 10941
09:22   Shai : Move is through the short squeeze in the SPX right. Still looking short term there makes sense as corelation is over 90% now- (09:16) Jitender : Shai..last time we went over 11k..crude n $ were way below….wats yr take on scaling new highs…with both them up ?
09:23   Shai : was expecting 2791 off this move once the 2744 shorts were forced out and we are there now to complete leg one of the move
09:23   Shai : but if shorts are kept out here at 2790 and spx futures continues up it could hit 2866 later this month
09:24   Shai : IF that happens nifty is near 11150 fr expiry
09:24   Jitender : tx
09:24   Uttam : thanks Shai
09:26   Uttam : (09:16) Uttam : BN 1atr at 26871 BN spot high 26871 now
09:27   janak : FII have turned buyers
09:28   Uttam : yes Janak could be start of a new IPM
09:28   janak : Shai yday 10900 CE intent call at 3.29 worked
09:28   Uttam : we made value abve the BNF composite
09:28   janak : and i think entire results season we wil lhave gap ups of 20-50 in NF
09:28   Shai : @Janak was marginal yesterday hence did not take
09:28   janak : yeah i took a gamble 🙂
09:28   Shai : there will always be a difference in the lines
09:29   janak : FII will play smart thru gap ups during results season
09:29   Shai : BNF is looking good for 26956
09:30   Shai : NF 10909 . Book half and place sl at cost on rest
09:31   Shai : keep buyig dips to 10890 with stops below 10855
09:34   Mihir : Shai good morning. Dip buy for bnf should be?
09:34   Uttam : 26874 first tgt in BNF
09:36   Jitender : Maruti 9430 🙂
09:36   Mihir : Jit where is the showroom? Put in western zone 😛
09:36   Uttam : yes Jit 🙂
09:37   Jitender : lets buy Tej’s 4k $ desk first 🙂
09:37   janak : Maruti is doing 10k Jit in July?
09:37   Mihir : Congrats.
09:37   Jitender : u keep driving NF up…n Maruti will b tere
09:37   Mihir : Uttam Thanks for that update in Maruti 🙂
09:37   Mihir : Few days back.
09:37   Jitender : tx Mihir
09:38   Uttam : that was the pefrect day to go positionally long in Maruti & hold for July but booked out too soon, need to get some focus on reading stcok charts now
09:38   TP : awesome piece ….(09:37) Jitender : lets buy Tej’s 4k $ desk first 🙂
09:39   Uttam : and trade them as well
09:39   Jitender : yh
09:39   Jitender : Uttam..study Momentum & time compression…tats the key for IPM
09:39   Mihir : Yes Jit.
09:39   Uttam : okies Jit…
09:39   Jitender : n with yr knowledge….we will also benefit
09:40   Uttam : will be the happiest if that happens 🙂
09:40   Mihir : Get bnf to vwap bhaiyon.
09:40   Mihir : Want to add more.
09:40   janak : morning short squeeze in NF can lead to 926/943 before 10.15?
09:40   Uttam : Mihir Nifty spot had a OH start at 0902.75 (total 6) but was broken which means we can move much higher
09:41   Mihir : Yes uttam. Thats how I see it.
09:42   HK : Hi Guys
09:42   Uttam : had asked Shai & RK on slack yesterday evening if this is start of a new IPM after Suypg posted the FII figures & does look like it now
09:42   Uttam : HK your tgt2 came?
09:42   Uttam : 10914 was a vpoc in NF
09:43   HK : no Uttam. T1 – 840, T2-978, T3 11048, T4 11100
09:43   HK : these are my targets for achieving MT
09:43   HK : i mean monthly targets
09:43   Uttam : cool HK now you will trail rem to your cost after your first tgt hit?
09:44   HK : trail at 689+filter (extn handle), same with BNF 260 + filter
09:44   Uttam : nice HK #applause you rock man
09:45   Mihir : From where I see (bollinger bands) this bnf is looking like a monster.
09:45   HK : Thanks Uttam ji
09:45   Mihir : Hk Kudos 🙂
09:48   HK : thx Mihir ji
09:50   Uttam : (09:34) Uttam : 26874 first tgt in BNF…9 more to get there
09:51   Jitender : we r quite overbought..but momentum is strong
09:52   Manjunath : Is there a 50 point difference between spot and Jul futures for BNF?
09:53   Abhay : which type of open is dis ?
09:53   Shiv : OAOR
09:53   Shiv : in BNF
09:53   Jitender : ys Manjunath
09:53   Manjunath : ok – tks
09:53   Manjunath : today’s opening is same as yesterday’s right
09:53   Manjunath : OAOR
09:53   Abhay : ok thnks
09:54   Mihir : Jit: You’d be looking at reds or buy in dips strategy?
09:54   Shai : Cross between an OTD and OAOR likely to be more open now that A is done
09:54   Shai : but A was OTD
09:54   Shiv : Guys itll be helpful if we start understanding the post market reports. Just allign us in that direction like how Shai set us up for Market profile . A lot of Slack reports goes above my head
09:54   Uttam : yes Shai BN Spot was a perfect OTD
09:55   Shai : Ask questions @Shiv. It’s always the better way of seeking answers
09:55   Uttam : +1
09:55   Manjunath : Looks like I need to get a printout of all these defnitions and paste it on board for quick reference
09:55   Shiv : i would like to understand Suyog report
09:56   Shiv : on FII and DII
09:56   Shai : of for that Slack – end of day
09:57   Shai : 15 mins more waiting to see if B makes an extension abv A
09:57   Shiv : Ok will post questions in slack
09:58   Shai : BNF may want to pull back
09:59   Mihir : Shai just for understanding. The pullback observation was OF + volumes?
10:01   Shai : OF
10:01   Abhay : of means?
10:02   HK : orderflow
10:02   Mihir : Order Flow
10:02   Abhay : ok ok thnks
10:03   Mihir : Thanks shai.
10:03   Praneeth : shai, this is supply zone in bnf right?
10:03   Mihir : NF: high = 6 gives 10 pt scalps.
10:04   Mihir : Shai worth exploring probablity at highs and lows with total 20 & 6. How much it travels the other direction.
10:07   Uttam : RK there?
10:08   HK : @Uttam, some profit booking signs visible from yday, can balance here
10:08   HK : NF I mean
10:08   Shiv : The market profile is hidden by tge black box which shows 26480.. Cant see .
10:09   Uttam : oh ok HK, was telling RK about probability of BN spot giving a FA on monthly tf at 26060 but issue is to confirm that FA it needs to get above 27048 which it can do this week & the 1atr move comes to arnd 27500
10:10   Uttam : are your BNF tgts anywhere on these lines too HK?
10:13   HK : My expectations on BNF is quite moderate Uttam, better to get out around 27000-100
10:13   HK : 27250 is max IMO
10:14   Uttam : okies HK we have a balance in BN at 27189-27349-27424 so if we can get above 27190-225 on closing basis can tag 27424-500
10:14   HK : the one and only Shai can tame BNF
10:15   Uttam : but yes caution around 27060 & 27145 levels
10:15   Uttam : (09:34) Uttam : 26874 first tgt in BNF
10:15   Uttam : BNF high 26874
10:15   Mihir : Uttam you have controls to NSE servers?
10:16   Mihir : Congratulations 🙂
10:16   Shai : at the stroke of 10.15 it comes- (09:57) Shai : 15 mins more waiting to see if B makes an extension abv A
10:17   Shai : Intra : Buy BankNifty near 26845 ( cmp 26875) sl of 26780 tgt 26956.
10:18   Mihir : Shai this alert helps in a day like today.
10:18   Mihir : (09:31) Shai : keep buyig dips to 10890 with stops below 10855
10:19   Shai : ok
10:20   Mihir : Got in at 905 NF 😀
10:20   Manjunath : We are talking about futures price right
10:20   Mihir : Yes Manjunath.
10:20   Manjunath : tks
10:21   Mihir : Unless anyone uses spot specifically.
10:22   Manjunath : ok
10:28   Kathir : GM shai all
10:36   Uttam : Mihir 26900ce low today 60 & monthly 27000ce low 172.5 both total 6
10:37   Mihir : Yes Uttam 🙂 27k ce was riding in the morning.
10:37   Manjunath : Pardon my ignorance. Where to see how many contracts did the market trade in first 30 mins, first 1 hour etc.
10:38   Manjunath : is the red and green bar on the right hand side?
10:39   Uttam : Manjunath in the 30mins bar you have the closing price in yellow & below it the vols of each 30mins
10:39   Uttam : total vol of the day there in the stack chart box
10:41   Manjunath : Thanks Uttam!
10:41   Uttam : welcome 🙂
10:41   Manjunath : I will bug you people with lots more questions when the market is quite.
10:43   Uttam : sure Manjunath as Shai said keep shooting the questions
10:43   Uttam : that is the best & fastest way to learn
10:43   Uttam : I also keep doing that 🙂
10:43   Jitender : D doesn’t extend….
10:43   Jitender : Can a P happen ?
10:44   Manjunath : great….tks
10:44   Shai : ys open auction
10:44   Shai : looks like a repeat of last 3 hours from yesterday
10:45   Shai : still can’t get my head around to what happened yesterday 🙂
10:46   Shai : all that volume built at 10855 ad 26720
10:46   Jitender : 10900 being written today
10:46   Mihir : *passes coffee to Chief.
10:48   Mihir : Jit realtime where do you see the writing?
10:48   Jitender : OI up + Price dwn
10:49   Jitender : i keep it as a broad ref
10:49   Jitender : dont trade by it
10:49   Kathir : 10900 ce jit ?
10:49   Mihir : Okay. NSE web?
10:49   Jitender : pe K
10:49   Jitender : yup Nse
10:49   Kathir : ok
10:50   Jitender : hope we get sum dip (09:51) Jitender : we r quite overbought..but momentum is strong
10:51   HK : RK MO pls
10:51   Shiv : BNF next targets Please?
10:51   Manjunath : Since morning, 10 lakhs contracts of PE written at 10800 and 8 lakhs contracts at 10900pe written.
10:51   Shai : 26956
10:52   Shiv : Thanks Shai
10:52   Shiv : How do you arrive at TGT’s
10:55   Shai : 2IB
10:55   Shai : Not at all different from what we discussed in the workshop Shiv. Just follow it everyday and as a process
10:56   Uttam : 2ib is 26983 Shai?
10:58   Manjunath : 26980
10:58   Jitender : it does (10:43) Jitender : D doesn’t extend….
10:58   Uttam : 🙂
10:59   Jitender : nf high=20
10:59   Jitender : oops =2
10:59   Jitender : srry..was looking at sumthn else…pls ignore
11:04   Praneeth : Jit, isn’t it 19?
11:05   Mihir : P in bnf
11:05   Mihir : nice shape.
11:06   Shiv : What does P signify Mihir
11:06   Jitender : ys Parneeth…
11:07   Mihir : Shiv: It does not have much volume or activity at the bottom and is very pronounced at the top. This formation is typical ofshort covering rallies.
11:08   Shiv : thanks Mihir so a B shape would be vice versa
11:08   Mihir : This is notes. Room members please correct if needs addition on P profile.
11:08   Mihir : B is actually a DD
11:11   Manjunath : B should be Capital B or small b ?
11:11   Uttam : small ‘b’ is opp of ‘p’ which is a long liquidation profile
11:11   Manjunath : ok – tks
11:12   Shiv : So P is bullish profile and b is bearish
11:12   Mihir : Reverse of P yes.
11:12   Shiv : Thanks
11:12   Mihir : Shai tweeting gems. Write it in your notes boys.
11:12   Jitender : both require followup for bias (11:12) Shiv : So P is bullish profile and b is bearish
11:12   Uttam : ‘p’ is just a short covering profile, it is what happens after ‘p’ whihc gives confirmation of bullishness, many times a new IPM starts with a ‘p’ profile
11:12   Manjunath : Doesn’t both NF & BNF looks like p ?
11:13   Mihir : Varun super initiative 🙂
11:14   Shai : Buy 50% of the BNF longs here 26882. Keep 50% open at 26840. Hold till 3.00 pm the trade with same SL.
11:14   Shiv : Thanks Jit and Uttam
11:16   Jitender : & Shiv ..tere is nuthn rite or wrong….its only setup & probabiities
11:16   Shiv : Yes i get it
11:17   Jitender : tis all started on the MSP day..
11:18   Mihir : Jit July Greenery data stands true 350++ points done so far from expiry day low in NF.
11:31   Jitender : +1
11:31   Shai : Book the NF intra day trade fully at 10921 here
11:47   Uttam : same thing happening in BNf like yesterday 30min overlapping POC today at 26880
11:50   Manjunath : Do you mean, that black box overlapping the alphabhets in POC?
11:50   Mihir : Manjunath: Blue block in 30 Min OF.
11:51   Manjunath : Ok…I was looking at 5 mins timeframe. Tks
11:52   Mihir : 5 min also has POC in the same way.
11:53   Manjunath : ic
11:53   Mihir : Jit one fast jump to vwap in bnf?
11:54   Jitender : shld be
11:54   Manjunath : 26852 is bnf vwap right?
11:55   Jitender : ys
11:55   Manjunath : ok – tks
11:56   Mihir : aanedo.
11:56   Jitender : last PB in bnf was till 869
11:59   Uttam : both have not been able to tag 1.5 IB inspite of staying above IBH
11:59   Mihir : IBH acts as a defence.
11:59   Mihir : And 1.5 IB not reached.
11:59   Mihir : interesting.
12:00   Uttam : NF new day hihg
12:02   Mihir : Have punched 12 pm trade. Just not bombarding the room.
12:03   Manjunath : What’s this 12 pm trade if you don’t mind me asking? Read it yesterday as well…
12:05   Shai : Intra : Buy 10900 ce at 110 sl of 96 tgt 130.
12:06   Uttam : NF does 1.5 IB
12:09   Shai : BNF looks ready to push higher
12:12   Uttam : BN spot needs to get above 26940
12:12   Uttam : has not yet broken IBH
12:15   Mihir : Manjunath fellow trader observation. Check slack for it. Tricksoftrade channel.
12:15   Manjunath : ok – tks
12:17   janak : no pull back till 10900/910?
12:18   Manjunath : Didn’t know I could add other channels…Great & Thanks Mihir!
12:19   janak : if NF goes to 900 – that wud be good for bulls?
12:20   janak : 10915 to bantha he 🙂
12:22   janak : Mihir, what is the 12 pm entry today? 🙂
12:22   Mihir : 10927 Janak
12:23   janak : ok great
12:23   janak : u go for 10 or 15 pts?
12:23   Mihir : 10
12:23   janak : excellent
12:23   Mihir : 10 to 12
12:23   Mihir : Day based.
12:29   Mihir : Another MB in bnf like yesterday?
12:30   Mihir : Please no.
12:31   Jitender : DD time vallid on a tren day Uttam ?
12:33   janak : Shai/Uttam – do u see a dip to 10900 today before eod?
12:40   Uttam : Jit DD time is normally by 12 but can get a delayed one by this period end too
12:41   Jitender : k
12:41   Uttam : @Janak if we get a dip can be a good buy as ‘p’ forming so val of buy & vah is sell till 1:30
12:41   janak : ok
12:41   janak : looks bit tired running up NF and needs a dip
12:42   Uttam : yes got poor highs too so exhaustion seen
12:42   Uttam : range also very narrow so either we get a burst upside taking out all shorts or a dip
12:43   janak : although 10943/946 shd appear on screen once today
12:43   Mihir : It will be interesting to see SL hits for fresh shorts in NF if that happens.
12:43   Mihir : 20 pt move should clear all of them maybe.
12:50   Shai : yeah 2IB should come
12:50   Shai : vwap has also moved to IBH
12:50   Uttam : replay of yesterday move but yesterday we got stalled in the second half today hopefully we get a move
12:51   Shai : 10 points in C, 10 in D, 9 in E, 13 in F, 8 in G
12:51   Mihir : 870 has something in bnf shai?
12:51   Mihir : Massive defense there.
12:51   Mihir : any previous imp references?
12:51   Shai : composite highs
12:52   Uttam : yes above this is all singles
12:53   Uttam : of the spike close we had on that expiry day
12:53   Uttam : 26899-27058
13:01   Jitender : 1st 40 pt dip in bnf …ID
13:02   Mihir : Yes Jit. in two days. Phew. Finally.
13:03   Jitender : 🙂
13:04   Mihir : Done (11:53) Mihir : Jit one fast jump to vwap in bnf?
13:08   Mihir : Not fast since the message though.
13:16   Uttam : reds in both
13:16   Mihir : Vpoc breach
13:18   Mihir : Uttam liquadition? Or fresh shorts these look like?
13:19   Uttam : could be a combo of both
13:19   Praneeth : now time to fill upper half in bnf?
13:19   Mihir : Praneeth hoping that works out 🙂
13:19   Uttam : but some big reds seem to have got stuck too just below vwap?
13:20   Mihir : Spread the net Uttam 🙂
13:20   Praneeth : 🙂
13:20   Uttam : 1:30 pull back low done?
13:21   Shai : BNF second size in
13:21   Jitender : +1
13:21   Praneeth : +1
13:22   Praneeth : to 960
13:22   Shai : If this low holds we have a dependable supp for even tom
13:22   Jitender : indusind results out
13:22   Shai : in BNF that is
13:23   Mihir : Jit vol expansion seen there
13:23   Jitender : ys
13:23   Mihir : in indusind
13:25   Jitender : finally (10:50) Jitender : hope we get sum dip (09:51) Jitender : we r quite overbought..but momentum is strong
13:26   Mihir : +1 jit.
13:26   Mihir : Nice inputs always.
13:26   Jitender : cheers man…VT is awesum
13:28   Shai : +1
13:28   Mihir : Aye Aye!
13:28   Uttam : +100
13:28   Mihir : I am so happy for this dip 😛
13:29   Mihir : Pe and then ce.
13:29   Jitender : just gv 2 more on maruti also
13:31   Jitender : sumone offloadn tere
13:31   Mihir : Done 503 there 😀
13:34   HK : these guys are active from yday 10:08 HK : @Uttam, some profit booking signs visible from yday, can balance here
13:34   Uttam : +1 HK
13:35   HK : get the range from Shai and fade the extremes
13:35   Uttam : even to go to new highs this dip was important
13:35   Uttam : lets see now if it holds
13:35   HK : vols need to ramp, else close here
13:36   Uttam : then we can may be close at hgihs
13:36   Uttam : the blood has come (reds) now to go for the kill 😉
13:36   Jitender : wah Uttam..Egale eyen the prey
13:37   Uttam : lol Jit 🙂
13:37   Mihir : He did (13:20) Mihir : Spread the net Uttam 🙂
13:41   Uttam : NF now needs to get above 10930 & sustain in the next period
13:43   Mihir : Shai maruti is upgrading its engine. Your levels are just amazing 🙂
13:44   janak : Tom Wed. BNF expiry move – can do a bit of 200 down tom
13:46   Mihir : Uttam coz of you I hoarded in cash. Thanks.
13:46   Uttam : BNf needs to cross that dpoc of 26880
13:46   Uttam : congrats Mihir 🙂
13:51   Shai : Book the BNF trade fully at 26875. We are still net plus in it.
13:51   Shai : stay with the 10900 ce
13:52   Uttam : yes BNF iffy till stays below 26880
13:52   Uttam : has not yet made a higher high also in this 30min bar
13:53   Shai : max pain at 26800 for thurs
13:53   janak : bnf will let the xpiry pass tom before flying up?
13:56   Shai : this kind of volume makes it very diff
13:56   Shai : just the same thing happened at 26710 yesterday
13:57   Shai : for now the best hypo for a 100 points is short below 26810 for 26710
13:57   Shai : and also buy if 26700 shows on screen tom
13:58   janak : +1
13:59   Shai : longs booking now in BNF
14:00   Manjunath : Thanks Shai! 🙂
14:00   Shai : welcome 🙂
14:04   Mihir : Shai more wings bnf has?
14:04   Mihir : In a long trade.
14:05   Shai : ye 960 maybe
14:05   Mihir : Thanks.
14:05   Jitender : Uttam NS crosses the Karnatake election high ?
14:05   Jitender : result day
14:06   Mihir : Yes jit.
14:06   janak : NF spent entire afternoon betn 860 and 850 yday – similary here betn. 935 to 920 today – so tom they are expecting 11k with a gap up?
14:06   Mihir : 929.20 it was the Spot high
14:06   Jitender : tx Mihir
14:07   Jitender : spx is due fr a quiet day Janak
14:08   Mihir : What I have learnt the best with you guys is how to be swift and move. Keep nil bias or some bias at times with context.
14:09   Shai : Book the 10900 ce near 115.
14:09   Shai : getting to 130 looks diff intra
14:09   Shai : oink band there
14:11   Kathir : Mihir bnf =6 high
14:11   Mihir : Yes kathir. Just noticed.
14:11   Mihir : Out from longs 😀
14:11   Kathir : ok
14:12   Mihir : Pinks there too 🙂
14:12   Kathir : yep
14:14   Mihir : NS high 20 too.
14:14   Uttam : yes Jit
14:16   Uttam : BN spot has not brolken the first hour high even now, its only BNF which had been making new highs
14:17   Jitender : tx Uttam
14:17   Mihir : Uttam it did 932 to 940?
14:17   Kathir : but there was 40 points discount and now tallied ?
14:17   Mihir : that bn spot?
14:18   Uttam : oh yes Mihir so we have a probable FA in it 😉
14:19   Mihir : FA there?
14:19   Mihir : Oh same timing 🙂
14:23   HK : buyers exhausted in NF/BNF
14:23   Mihir : HK looks like.
14:23   HK : focus now moves to stocks rotation
14:24   HK : for rest of the week
14:24   Mihir : Anything interesting if you spot HK. Ping 🙂
14:24   janak : Utaam what is this 6 high means sell etc. – looks quite reliable to enter the trade
14:24   HK : I stopped stocks altogether, once in a while do 1 or 2
14:24   Mihir : Yes I’ve been shadowing your stocks 🙂
14:24   HK : are they doing well 🙂
14:25   Uttam : Janak Mihir had got that set up
14:25   HK : Shai, can you please give the NF range for the week
14:25   Uttam : when the total of low or high is 6 or 20 you can enter a trade in that scrip
14:25   janak : in index also?
14:25   Mihir : In any instrument.
14:26   Mihir : Sl should be minimum.
14:26   janak : great Mihir – pl. explain with an example if poss. once
14:26   Uttam : Janak today morning 26900ce had a low of 60 in the first 5 mins
14:26   janak : thnx Uttam – i think we are getting armourred with many good trade tricks
14:27   Mihir : Janak check tricksoftrade on slack
14:27   janak : oh that means 6 – and u enter long or short?
14:27   Uttam : long with SL below that 60
14:27   janak : ok and when u enter short?
14:27   Mihir : If sum of low = 20, then buyIf sum of high = 20, then sellIf sum of low = 6, then buyIf sum of high = 6, then sellSL 5 pts nifty or order flow.
14:28   janak : sounds pretty interesting. Do u guys mention those entry points here?
14:28   Uttam : I did mention that in the morning
14:28   Mihir : Sometimes If we add up we do.
14:29   Uttam : even the monthly 2700ce had a total of 6 i think
14:29   Uttam : 172.5
14:29   janak : wow
14:29   Mihir : Janak check ns and bnf highs right now
14:30   Uttam : 10900pe has a low of 81.6
14:30   Mihir : Least sl over there. No emotions.
14:30   Uttam : if that holds can move higher
14:30   Mihir : Yes uttam.
14:30   janak : NF high is 10939 and BNF high is 26925
14:31   Mihir : NS total is 20 bnf total is 6
14:31   Uttam : how we can use this is enter on some more confirmation & trail the SL & book 50% to make the trade as safe as possible
14:31   Uttam : when 10900pe made a low of 81.6 can enter when 5min makes a new high
14:32   Uttam : but these are scritly for scalps
14:32   janak : Mihir how is NF 10939 total 20?
14:32   Uttam : Nifty Spot he meant Jahank
14:32   Uttam : 10941.05
14:32   janak : oh!
14:32   janak : ok
14:32   janak : but how to keep a tab on it?
14:33   Uttam : Shai 10900pe can be carried for a BTST?
14:33   Uttam : intent lines basis
14:33   janak : i think u need a sw to program that if ….then….
14:33   Mihir : Yes Janak. Need that.
14:33   Uttam : 10900pe if closes above 90 can be a BTST I feel
14:33   Uttam : 86.6 now
14:33   janak : ask Shai – he is a master to get these things done and incorporate here
14:34   Mihir : Uttam today NF has defended that vwap really well.
14:34   Jitender : Uttam..don’t carry anythn naked overnite..imo
14:35   Shiv : guys hows bnf looking to cross the 900 again ?
14:35   Uttam : fine Jit yes its still not clear
14:35   Uttam : thanks 🙂
14:35   janak : 11k CE has a low of 42.90 – total 6!
14:35   Jitender : wat thanks man
14:35   janak : it was a buy and did 63
14:35   Jitender : u r a friend
14:35   Uttam : 🙂 yes cheers
14:35   Jitender : shrt either 900 straddle
14:36   Jitender : bnf
14:36   Shiv : short ?
14:36   janak : simply buy 11k ce i guess it will do 960 today eod or tom open
14:36   Jitender : or 27ce/ 26.7/8pe
14:36   janak : nf will do
14:36   Shiv : am on 27900 ce
14:36   Jitender : Shiv….its a risky trade….pls evaluate before u take it
14:37   Jitender : best is to wait for Shai’s call …
14:37   Shiv : yes out of it with small profit
14:37   Jitender : wat m suggestn is a prem eatn thing..in bnf..wich is inherently risky
14:38   Shiv : agree thats why i dont carry options mostly to next day at all
14:38   janak : yes Jit, NF is good to buy / sell during bnf expiry
14:39   janak : NF is a clear carry during this results season when there is this strong bullish trend
14:39   Jitender : ys
14:39   janak : it will easily open 20-30 up daily now onwards
14:39   Jitender : a dip to 855 will be a grt buy
14:39   Shiv : not on options side correct
14:40   Mihir : Jit a day before KTK elections vwap was 867
14:40   Jitender : k
14:40   Mihir : Atp/vwap. Hoping we get that to enter.
14:40   Himanshu : isnt intent signalling STBT ??
14:40   Mihir : For Janak again
14:41   Mihir : 20 & 6 high mean sell with above high sl Total 20 & 6 low mean buy with sl below low Stop loss only 5 paise When ever 20 comes don’t make single digit read as 20
14:42   janak : thnx Mihir. i would like this to be a nice set up here where we get a signal kind of thing to enter there
14:43   janak : pl do mention those entries whenever u feel like – i wud enter
14:43   Mihir : Sure.
14:43   Mihir : Uttam one or two more tpos on top for bnf? Will make a nice P
14:44   Uttam : 26875 is a wide POC & will be reference for tom
14:44   Uttam : 10930 in NF
14:44   Uttam : close mostly around this only?
14:45   janak : NIFTY 11k pe is 131! extremely high premium – those guus will be butchered for sure
14:45   Mihir : Looks like.
14:46   Mihir : Uttam
14:46   Mihir : Those J need company but.
14:47   Uttam : we have crossed the June high at close is well above that in Nifty
14:47   Uttam : BNF still lagging though
14:48   Uttam : we had an iniside month + doji so if we stay above 10893 can head hgiher
14:48   Uttam : as Shai mentioned 11150+ this expiry if global markets also stay up
14:52   HK : no vols ramp v
14:52   HK : 13:35 HK : vols need to ramp, else close here
14:54   Uttam : yes HK vols just died off post the open
14:54   Uttam : not even 60L in NF & 20L in BNF
14:55   HK : same happened yday as well,
14:55   HK : need a big dip to check buyers interest
14:55   HK : one more day in this range before heading down a bit
14:56   Uttam : ig higher prices cutting of vols means demand not there?
14:56   Uttam : if*
14:56   HK : not always
14:57   HK : big move from 600, so can take rest here
14:57   HK : vols probably impacted due to new margin requirements
14:57   janak : i feel if a carry rade has to be a long or no trade – shorts look very risky here
14:58   HK : but this series has seen a significant drop in vols
14:59   Jitender : ys HK..vols need to be adjusted fr margin
15:00   HK : yes need more shorts in the system for move up further which is not happening, can taper off
15:00   janak : lets have 10943 now in nf
15:00   Praneeth : we are yet to witness major SC?
15:00   RK : +1
15:00   Mihir : RK is here 🙂
15:01   Mihir : 2 trades in past two days. Same technique.
15:01   Mihir : Identify P early is the key.
15:01   RK : if you are sharp then NF also gave one trade down
15:01   Mihir : Yes
15:01   RK : if you were looking for pullback to VWAP around 1.30
15:02   Mihir : 28 mins to do 2ib
15:03   janak : (15:00) janak : lets have 10943 now in nf
15:03   Uttam : ifty spot high gone
15:04   Mihir : Yes Uttam.
15:04   Uttam : that 10900pe still not mkaing new lows
15:04   Uttam : though CEs making new highs
15:05   Mihir : spike?
15:05   Mihir : What is the best condition for spike to come in?
15:06   Uttam : supply seems persisting in NF
15:06   HK : Shai, can you please give NF range for the week
15:07   Uttam : spot new hgihs
15:08   HK : major sell off in base metals this week!
15:08   Uttam : Janak printed his 10943 🙂
15:08   Mihir : Janak kudos
15:08   Mihir : Booked nf longs
15:08   Mihir : when vwap held entered again.
15:09   Uttam : vwap & ibh if align are a good reference
15:09   janak : intra squeeze can take to 955-960?
15:09   Mihir : Yes uttam have seen that earlier too.
15:09   Uttam : and if post 2 that breaks can expect a test of day low
15:09   Uttam : and when stays above can expect a test of day hgih before close
15:09   Uttam : now shorts will be in trouble
15:10   Mihir : What I look at vwap shifting higher is buyers showing interest in every dip.
15:10   Uttam : now that 10900pe broke that 81.6
15:10   Mihir : Bnf is not bothered.
15:11   Mihir : I will do my own thing.
15:11   Mihir : come on 3 more points please (15:02) Mihir : 28 mins to do 2ib
15:13   Uttam : NF high 10950 (6)
15:14   Mihir : Uttam exact tagging is imp in 2ib 3ib setups?
15:14   Uttam : no Mihir in fact none of the levels in MP are that rigid
15:15   Mihir : Ah super.
15:15   Uttam : BNF 2ib was 26926 made high if 26925
15:15   Uttam : NF 2ib was 10951 made high of 10950
15:15   Uttam : oh take that
15:15   Mihir : Now done 🙂
15:15   Mihir : saves 14 minutes of ours.
15:16   Praneeth : +1 Mihir
15:17   Mihir : Search warrant for shorts must be issued soon.
15:17   janak : (15:09) janak : intra squeeze can take to 955-960?
15:17   janak : kya bola apun 🙂
15:17   Mihir : Janak you beauty.
15:18   Uttam : super Janak 🙂
15:18   janak : this is a PROPER bull mkt – i scalped a few in 11k ce in that move
15:18   Mihir : Praneeth 🙂
15:18   Jitender : +1
15:18   Uttam : 10900ce does Shai’s tgt of 130
15:18   Praneeth : +1 Janak
15:19   Mihir : 20 minute of vol expansion
15:19   janak : BNF is more rewarding but more riskly – NF is the BEST instrument to trade
15:19   Mihir : Badaboooom.
15:19   RK : pls dont do 3IB today
15:19   Uttam : good rush of greens in both
15:20   Uttam : spot is just short of 2IB RK
15:20   Uttam : 10956
15:20   Mihir : RK reason to not do 3ib?
15:20   Uttam : upmove will get over by IB tom then 😉
15:20   RK : need another 2 IB tmw
15:21   RK : yes Uttam
15:21   Mihir : I mean because then counter trade is activated hence?
15:21   Uttam : +1 RK
15:21   Mihir : Aaah gotcha! Rk.
15:21   Uttam : RK is carrying his pos longs
15:21   Mihir : Lambi soch.
15:21   Uttam : spot can tag 10969 by close?
15:22   Mihir : Greens galore in bnf
15:22   Uttam : 37k buyer in BNF
15:23   Mihir : 269xx close in bnf will be nice number.
15:23   janak : do we have 11k in NF coming up in first hour tom?
15:24   Mihir : Greedy Janak. 😛
15:24   RK : 11150 this week
15:24   Mihir : If that happens. See you in Pondy.
15:25   Mihir : RK Ghee shakkar. for you 🙂
15:25   Mihir : Holding few positional ces.
15:28   janak : +1 mihir
15:28   janak : CE is safer to hold and good
15:28   Uttam : BNF crazy vols at close
15:28   Uttam : Shai one refresh please
15:29   Jitender : bye all
15:29   Mihir : Bye everyone.
15:29   Manjunath : bye all
15:29   Shashwat : Bye
15:30   Uttam : thanks All 🙂 have a lovely evening

11:47   Gaurav : Shai can buy Dr Reddy and Wock Pharma July/August?
12:01   Boppanna : Shai intra levels for HCL pls when you get a chance
12:16   HK : Shai, pls review Jet airways, is today’s move a flash in the pan or it has more legs to this rally
12:36   Shai : dr reddy getting past 2399- 2415 may be diff this month
12:36   Shai : watch 2304 today’s lows . any close below it will be not good for longs
12:36   Shai : book if you see 2365-70 as a dominant seller is there
12:38   Shai : hcltech OAOR . does not look like it may cross day higsh
12:38   Shai : 970 intra supp
12:38   Sandesh : sir, Infratel swing support please
12:38   Shai : jet can move to 374 sl of 350
12:39   Sandesh : and Federal Bank
12:40   Shai : infratel 310 swing res
12:40   Shai : hgher supply also at 355-62 which may be more diff to overcome
12:40   Sandesh : thanks sir
12:42   Shai : federal res at 86 . supp at 83. if that breaks stock can fall more
12:43   Sandesh : tq sir..
12:44   Boppanna : thx Shai