Many traders are looking for information on how to use market conditions to find good trades. Order Flow is best understood as a way to see existing bias in the markets. Order Flow helps us understand who is in control of the market and who is ‘upside down’ and likely to make exits from that position in a loss.
Volume Profile and Order Flow are very good tools to assist you in trading. You can also use it along with your existing setup.
NF
BNF
Room Chat
08:51 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/828735685
08:53 Vtrender Live : 5 min charts – https://join.me/656-305-510
08:54 Vtrender Live : 5 min charts of BNF- https://zoom.us/j/8647757494?pwd=UVNpR3ZvcnVyUmhEZDhJUVlYNVlkdz09
08:56 Shai : Gm all
08:56 Chandrashekhar : GM all
08:56 Dhananjay : GM
08:56 Shai : ref line for the open today is at 10240F and at 10300 F
08:56 KK : Gm
08:56 Shai : Ability to stay abv 10300 to watch
08:57 Shai : 10475 is the higher supply for this auction
08:57 Shai : 10128 is support lower
08:58 Shai : First day of new series in the new July F would be traded on lower volumes , so allow the market to catch up in the first half
09:01 Seshadri : GM all
09:01 Giridhar Gowravajhal : GM all !!!
09:02 Bommareddy : Good Morning All
09:03 Saurabh rohatgi : gm all
09:06 Shashidhar : Good Moring All
09:07 Rahul : morning everyone
09:08 Uttam : Good Morning All 🙂
09:10 Rohan : Good Morning All
09:10 Nirmal : gm
09:10 Tejpreet : GM All.
09:10 Uttam : @Shai we have a FA at 10156 in Jul
09:11 Uttam : 10516 & 10156 FAs 🙂
09:11 Chandrashekhar : Uttam these are Spot ref?? FA’s…
09:11 Chandrashekhar : or fut level for July?
09:12 Uttam : Jul
09:12 Chandrashekhar : thanks
09:12 Boppanna : Cool number play Uttam
09:12 Shai : +1- (09:10) Uttam : @Shai we have a FA at 10156 in Jul
09:12 Sachith : Good morning evreyone… happy trading
09:13 Seshadri : we are opening at level which shai was targetting in last 30 min yesterday
09:13 Uttam : 10329 was July’s extension handle
09:14 Chandrashekhar : NF has O-L
09:16 Chandrashekhar : O-L in valid now
09:17 Vyom null : ol means?
09:17 Shai : 61 point disc to begin the series
09:17 Shai : 88 in BNF
09:17 Uttam : similar to June Shai so can expect shorts to get crushed?
09:18 Uttam : NF makes similar high of 1320
09:18 Uttam : 10320
09:18 Uttam : lets get above 10329 & have some fun
09:18 Uttam : BNF for now has 0s at it’s extension handle of 21700
09:18 Uttam : needs to take that out
09:19 Uttam : PLR back up in both looks like
09:19 Uttam : 10381 is 1 ATR from yesterdays FA
09:19 Uttam : 21760 a vpoc in BNF
09:20 Uttam : upside ref for now
09:20 Uttam : lets get going 🙂
09:20 Naresh Dubbudu : PLR Uttam?
09:21 Vyom null : plr means? a
09:21 Uttam : Path of Least REsistance
09:21 Vyom null : how to know which side is plr
09:21 Uttam : 10327.7 high so far – (09:18) Uttam : lets get above 10329 & have some fun
09:22 Uttam : 0s zat top in NF
09:22 Uttam : pink band also there
09:22 KK : need to come down to get demand
09:23 Rahul : relevance of Pink band here
09:23 KK : seller imbalance
09:23 Rahul : Thanks KK
09:23 Chandu : open typr OAIR
09:23 Vyom null : zeros at top?
09:23 Chandu : is tat correct
09:24 Uttam : OA as of now
09:24 Uttam : above prev Value
09:26 Uttam : demand coming in both else we would have done a quick 80% in yesterday’s Value – good fight on here
09:26 KK : that 28K in BNF will get stuck
09:27 KK : this candle will define
09:28 KK : yup
09:28 KK : stuck
09:28 Uttam : je baat
09:28 KK : lets go 21760
09:28 Uttam : lets have a boom boom
09:29 Tejpreet : Uttam +100 for the morning commentary !!
09:29 Avinash : +1 UG
09:30 Favas : 5 min bar red is blurred
09:30 Favas : bnf
09:30 Uttam : morning 0s holding in BNF
09:30 Uttam : 10340 has another seller in NF
09:30 Vyom null : what are these 0s Uttam?
09:31 Uttam : 0s at extreme could mean end of auction in that direction
09:31 Uttam : _/\_ – (09:29) Tejpreet : Uttam +100 for the morning commentary !!
09:31 Vyom null : where do we see 0s?
09:31 Uttam : on the OF chart
09:31 Vyom null : in chart
09:32 Favas : shai red numbers is blurred
09:32 Favas : bnf
09:32 Uttam : 12300 it is Favas
09:32 Favas : if possible pls adjust
09:32 Favas : tnx
09:32 Uttam : at top on first 5min bar
09:32 Uttam : below we have 12k & 24k at 21630 levels
09:33 Favas : tnx ug
09:33 Uttam : +1
09:35 Favas : ug am not able to read red numbers
09:35 Favas : same for every one?
09:35 Uttam : open the zoom link Favas much clearer in that
09:36 Favas : ok
09:37 Jitender : we hv index rebal also ….so b nimble
09:37 Rajesh G : charts stuck
09:38 Uttam : IS forming in NF but this bar needs to complete
09:38 Vyom null : is chart stuck?
09:38 Nirmal : anyactional think to trade uttam sir
09:39 Vyom null : uttam is it IS in nifty with large cot?
09:39 Vyom null : sry missed last 2 mins of chat
09:39 Neeraj : chart stuck
09:39 Uttam : joinme & zoom working
09:40 Vyom null : uttam whats the view? was there IS in nifty
09:40 Uttam : room charts also fine
09:40 Nagaraj : it was stuck, now fine
09:44 Sylvester : UG whats equivalent COT in BNF that would be considered to validate the view after RB/IB/RS/RS as per yesterday webinar. In Nifty it was ~1L
09:44 Dhananjayan : could someone pass the 5 min chart link please?
09:44 Uttam : (08:53) Vtrender Live: 5 min charts – https://join.me/656-305-510(08:54) Vtrender Live: 5 min charts of BNF- https://zoom.us/j/8647757494?pwd=UVNpR3ZvcnVyUmhEZDhJUVlYNVlkdz09
09:44 Saurabh rohatgi : @shai we r abv the late spike of last hor bullish????
09:45 Dhananjayan : thanks UG
09:45 Uttam : there was no spike yesterday SAurabh
09:45 Saurabh rohatgi : ok
09:45 Shai : open auction
09:45 Shai : 10340- 10350 zone has some supply
09:46 Shai : 1st day of a new series
09:46 Shai : Allow the volume to catch up
09:46 Jitender : Shai 11250 is green here in bnf OF at lows..but not in zoom…refresh beeded or sum codin diff ?
09:46 Jitender : needed
09:46 Chandu : shai wat is d diff between open auction n other open types
09:47 Uttam : indecision
09:48 Shai : will get it checked Jit
09:48 Jitender : sure
09:48 Chandu : k, which means v cant able to identify type of open , then v r calling it as open auction.., am i right uttam
09:49 Uttam : numbers are same Jit but just that green color missing
09:49 Sumit Bajaj : @shai this colour difference is occuring frequently
09:49 Uttam : that shows imbalance – (09:49) Sumit Bajaj : @shai this colour difference is occuring frequently
09:49 Shai : A quick primer on opens- https://vtrender.com/what-are-the-different-open-types-in-market-profile/
09:49 Uttam : lol Chandu – OA is a type of open – (09:48) Chandu : k, which means v cant able to identify type of open , then v r calling it as open auction.., am i right uttam
09:50 Uttam : we wait for more confirmation
09:50 Uttam : NF was Neutrall Day
09:50 Uttam : one party will give up here
09:51 Uttam : 10310 ref in NF
09:52 Uttam : BNF needs to get above VWAP
09:55 Nishant : Uttam – where do we see the VWAP range?
09:55 Uttam : everything there on the 5 min charts
09:56 Nishant : there are two VWAPs
09:56 Nishant : 21583 and 21732
09:56 Uttam : 21583 is VWAP
09:57 Uttam : 21732 is 2std deviation also known as vwap upper band
09:57 Nishant : ok.
09:57 Uttam : lower band at 21430
09:57 Uttam : all given in the box on left
09:58 Nishant : 21583 is in the left box?
09:58 Shai : what do we do in open auctions?
09:58 MJ : #AMA
09:58 Uttam : wait
09:58 Avinash : #AMA
09:58 Saheer : save emotional capital
09:58 Shai : lol MJ
09:59 Uttam : 🙂
09:59 Shai : finished one late night yesterday no?
09:59 MJ : Yes it was superb. 🙂
09:59 Shai : today is fryday, save emotional capital, you may need it for close
09:59 MJ : +100 cheif we need it for second half.
09:59 Shai : +1- (09:58) Saheer : save emotional capital
09:59 Jitender : MJ was with Vishnu yday late even ?
09:59 Seshadri : +1 shai
10:00 Nishant : Shai – Save emotional capital would mean Trade Less/No Trade?
10:01 Naresh Dubbudu : Yes Nishant.
10:01 Nishant : Thanks
10:02 Tejpreet : Uttam have you got monthly 22k ce on watch list , need levels.
10:03 Uttam : Tej 😉 got back to weekly from today as studied last month & saw that because of lack of volumes monthly gave lesser returs
10:03 Uttam : but will check the chart for you surely
10:03 Uttam : especially in BNF
10:03 Tejpreet : It’s ok even i found 6-8 rs difference in bid ask
10:04 Uttam : yes exactyl
10:04 MJ : Shai: Discount math, what actually goes in it?
10:04 Uttam : plus when we get a move it comes at a better R;R in weekly I noticed
10:04 MJ : second month we starting with so much discount.
10:05 Uttam : 10340 uis the weekly IB in Jul NF
10:05 Uttam : BNF taking sup at bullish hypo is a sign
10:06 Uttam : 10300ce from 164 to 177 first trade for the day
10:06 Uttam : boom boom
10:06 Chandrashekhar : +1 uttam
10:06 Uttam : holding the monthly 10300ce from 345 & now trailing it to cost
10:07 MJ : Nice UG.
10:08 Rahul : RS is there and if IS and COT Supports above 1lac.. we go short ?
10:08 Jitender : Uttam..wats the weekly n Monthly ATR fr both…wen u can pls
10:08 Parul : GM Uttam, what gave you confidence to trade the CE since there is no IB ?
10:08 Uttam : NF – 225 / 826 Jit
10:09 Uttam : BNF – 879 / 2857
10:09 Jitender : tx man
10:09 Uttam : +1
10:09 Uttam : @Parul please go through my commentary since open
10:10 Uttam : I was always bullsih since we opened above hypo1 & previous Value
10:11 KK : BNF vWAP pe lot of longs will be stuck if we go below that 450
10:13 KK : that will give a nice C side down
10:14 Nirmal : shai sir is today open drive or open auction out of range which is yet to see ?
10:15 Govind : back to the bullish hypo UG?
10:16 KK : this is how it is done
10:16 KK : pehle phasao
10:16 MJ : GOL GOL.
10:17 MJ : C low
10:17 KK : thoda ghumao
10:17 Uttam : 1l
10:17 Uttam : 2.6L
10:17 Uttam : looks like thery forgot to roll and coming now
10:18 Chandrashekhar : too much greens, IS in the bar
10:18 MJ : 10300 pe 123 – 145
10:18 KK : 21530 to 21380 booked
10:19 Chandu : shai 2.2L buyer sl r new buyer
10:19 Dhananjay : IS on +1L Should be Ignored ?
10:19 Uttam : similar C side like yesterday but on downside
10:19 KK : Now I dont understand all these large nos..will wait for UG or Shai, to comment
10:19 Chandu : uttam 80% rule is on i think
10:19 Uttam : yes
10:19 Rahul : Uttam in last candle, there is a IS and COT is 1lac+
10:20 Rahul : what does it mean ?
10:20 Chandrashekhar : 10240 on tgt Uttam?
10:20 Suresh : IS with positive COT
10:20 Seshadri : IS with 1.45 L cot means
10:20 Uttam : 10260 first
10:20 Chandrashekhar : +1
10:20 Uttam : 0s at 10300
10:20 Uttam : BNF has 0 at 21460
10:21 Chandrashekhar : Uttam 10260 is because its Vwap low?
10:21 Uttam : a) NF needs to stay above 10260 for a rise to 10293-329 / 10356 / 10392-403 & 10460-489*
10:22 KK : so back above VWAP, we go long , is it ?
10:22 Nagaraj : 530 to 630
10:22 KK : in NF ?
10:22 KK : with that +COT
10:22 Rahul : Uttam IS with blue + COT means
10:23 Nagaraj : BNF 21527 to 21385, 21500 PE 530 to 630
10:23 Parul : KK wow you managed to short at 21530, the top of the big IS bar in BNF !
10:23 KK : Extension failure in both, but short confidence was more with bnf with those many longs stcuk at vwap..Jit can explain better
10:24 Rahul : KK how to know if longs are stuck , can u please share. thanks
10:24 KK : MJ will teach , I am a student
10:25 MJ : I am also student bhai 🙂
10:25 KK : takes time..Shai, yeh naya batch jaldi mein hai..:)..keep looking for stuck reds and stuck greens and comment in the rooms
10:25 Rahul : U both can just share it, may be uttam can validate it
10:25 MJ : Rahul, when it comes wil lshout out.
10:25 KK : You will start getting it in a month or two
10:26 Rahul : Thanks
10:26 Uttam : done – (10:20) Uttam : 10260 first
10:26 Uttam : 10261 low
10:26 MJ : But yes will take longer time to observe. Don’t jump in to take those upside down trades. Can hit hard if goes other ways.
10:26 KK : Ab na ruke yeh
10:26 Boppanna : NF Shai had mentoined 340-350 supply high so far 348
10:26 KK : seedha 10311
10:27 MJ : 0’s at 300
10:28 MJ : C on first day of new series.
10:28 KK : ok, with oyu
10:28 JayJ : C on hattric 3rd consecutive days
10:29 KK : but if it reaches 10300, whats 11 points more..one tick
10:29 KK : oh, 0s
10:33 MJ : 141 – 154 10300 ce. holding half tsl.
10:33 KK : can we say volume not doing a good job, based on this 2 lac green, or I am getting the context wrong ? same trade MJ booked at 151
10:35 KK : now above vwap only..
10:35 Boppanna : For the new comers pls ref Shai’s and Uttam’s comments as a reference for understanding how to read the charts,auction day type and OF ..rest of the comments posted are mostly based on postions speaking or plain guesses and may confuse you
10:35 Sreedhar : MJ you took the trade based on 10260 reference point?
10:35 MJ : C side.
10:36 Govind : Yes Bops, was gonna say something to this effect. If you can not explain your trades, please refrain from posting, just my 2 cents.
10:36 MJ : Guys, Go what Bopps said.
10:36 KK : +1 Bops.
10:36 MJ : Okay Gov shall refrain.
10:36 Uttam : go with the flow as Shai has said guys
10:36 Uttam : open type / vwap / re
10:36 Uttam : today OA so wait for better signs
10:37 Uttam : C side staying below IBL & vwap
10:37 Chandu : uttam as v enter yday value but profile nt a good bel yday.., does 80% rule appy
10:38 Vishnu : yes prof should be a balanced one chandu
10:38 Vishnu : 80% rule works in balanced profile. am i righ ug?
10:47 Uttam : 37k red at lows in NF
10:47 Vyom null : rs +is in nf?? can we go short?
10:47 Uttam : 35k green also in both
10:47 Uttam : @Vyom we got 0s at top in the morning in BNF and have been making a slow probe lower
10:48 Uttam : 21460 was support in morning
10:48 Vyom null : tru
10:48 Vyom null : e
10:48 Uttam : we got an IS there so that was a short
10:48 Uttam : 0s also came there
10:48 Uttam : from there we are 200 down
10:48 Vyom null : 0s how to see cudnt understand
10:48 Uttam : now we are almost completing the 80% rule
10:48 Uttam : so bad R:R to go fresh short here
10:49 Uttam : plus COT is 42k plus
10:49 Shai : can do 10240
10:49 Rahul : Thanks uttam for the inouts
10:50 Uttam : same in NF we had 10310 sup in morning & we got IS there with 0s at 10300 which was a short
10:50 Uttam : from there we are down to 10251
10:51 Parul : Hi Uttam, whats the signifcance of 0s
10:51 Parul : And we need to watch 0s on which side ?
10:51 Uttam : (09:31) Uttam : 0s at extreme could mean end of auction in that direction
10:52 Uttam : in middle of a bar could mean aggressive buyer or seller entering
10:52 Uttam : so it becomes a ref
10:52 Rahul : Uttam +1 on the R:R for fresh shorts
10:53 Bhavesh : cot at 10.20 for sell how much time it valid
10:54 Boppanna : In BNF as well 0’s at 460 I think Uttam mentioned it as well so that was ref as well we had an IS
10:54 Uttam : BNF almost does 2 IB
10:54 Uttam : 21203 is 2 IB
10:54 Shai : sl of 10303 for the earkly reds
10:55 Ketan : yesterday july series vwap at 10244 and bnf at 21315
10:55 Parul : Yeah Bops/Uttam although we had IS in BNF, we also had a strong +ve COT of 21k,
10:56 Shai : reset getting done between NF june and NF july
10:56 Shai : 10240 ref
10:56 Ketan : +1 shai
10:56 Vishnu : 10240 can come shai?
10:56 Shai : yes
10:57 Boppanna : Yes Parul and when these 0’s are around Uttam’s hypo references they are important
10:58 Parul : Great learning, thnx Bops and Uttam
10:59 Uttam : IB pe IB
11:00 Uttam : good greens at VWAP in NF
11:00 Uttam : BNF also
11:00 Shai : shiort covered
11:01 Rahul : given 2 IB and COT , we go long here after this candle ?
11:02 Chandu : these IS r neutraled by IB s?
11:04 Shai : Intra – Buy NF 10299 sl of 10270 tgt 10350
11:07 Shai : erratic morning generally happens first morning of a new series
11:08 Shai : but a reset now done and the auction can flow better
11:08 Seshadri : thanks shai
11:08 Shai : (08:58) Shai : First day of new series in the new July F would be traded on lower volumes , so allow the market to catch up in the first half
11:10 Shai : This supply is still there , thiough some nee demand has now come
11:10 Shai : (09:45) Shai : 10340- 10350 zone has some supply\
11:12 Shai : would have liked a proper test of 10240 to complete the probe but market had other ideas and stopped at 10251
11:13 Seshadri : bnf
11:14 Shai : NF 10316 book half here-(11:04) Shai : Intra – Buy NF 10299 sl of 10270 tgt 10350
11:14 Shai : sl at cost on rest
11:15 Shai : bid-ask still a bit erratic, should stabilise by 12 as more volume enters the instrument
11:21 Shai : 10285 is the proper SL for those who want to stay late with these IB’s
11:21 Shai : the market now stable as long as 10285 holds
11:23 Krishnakant : And 10285 goes what a chip shaw morning
11:24 Shai : lonmgs out on that IS
11:26 Shai : yes pace is abv avg at 750 for this time of the day
11:26 Shai : more to do with a bad bid-ask and illiquidity
11:26 Shai : if you are not quick, you are eaten
11:31 Uttam : nice balance in both so far
11:33 Seshadri : whats the average vol/sec
11:33 Tejpreet : Some news of some discount brokers site down for last hour or so could be reason for less liquidity …as no sheep around 🙂
11:34 Uttam : giving a DD Tej?
11:34 Shai : lol Tej
11:34 Tejpreet : time is perfect for dd
11:35 Abhishek : yes 5 pasia dn since mrng
11:35 Tejpreet : 5 paisa , IIFL plus some more down
11:35 Sachith : UG’s upside hypos can into play now… bnf
11:35 Uttam : 10403 & 21880 will be nice 😉
11:36 Seshadri : uttam today we can hit 10403 and 21880??
11:37 Seshadri : yes IIFL is down
11:37 Uttam : if Tej agrees to give DD
11:37 Seshadri : hmm
11:37 Uttam : but we need to get above VWAP for that
11:38 Uttam : and get some much needed greens
11:38 Uttam : for now balance it is
11:38 Tejpreet : Uttam looks like Bops will do the needful post the balance
11:45 Avinash : Charts stuck
11:46 Himanshu : ye
11:46 Himanshu : Join me working
11:52 Shai : charts back?’
11:52 Vishnu : no
11:52 Avinash : Gone again
11:52 Himanshu : No blank Screen
11:53 Shai : refreshing
11:53 MJ : Back chief
11:54 Santosh : trifecta in nf
11:54 Shai : 10285 hugging the market
11:54 Shai : we wait
11:54 Santosh : ok shai 🙂
11:59 Himanshu : Back Chief
12:00 Himanshu : Bol shri Ambe mat ki jai
12:00 Himanshu : UG – Bopp _ tej#
12:00 Himanshu : ow your turn Push – Push
12:02 Vyom null : is it a buy with this ib?
12:03 Uttam : let the bar complete to show if its an IB or RS
12:03 Vyom null : ok
12:04 Vyom null : shows ib for both
12:04 Naresh Dubbudu : IB with positive COT. Seen after long time.
12:05 Naresh Dubbudu : But POC for the bar was at high.
12:05 Uttam : BNF needs to show soem more commitment
12:05 Himanshu : yes
12:05 Himanshu : Roaming in both VWAP
12:06 Himanshu : Rel also snoozing
12:06 MJ : Himanshu bhai
12:06 MJ : At this pace, I’d doze off.
12:06 Uttam : lets have that DD guys
12:06 Uttam : on upside
12:06 Himanshu : NO MJ
12:07 Himanshu : After monthly Expiry –
12:07 Himanshu : Traders do enjoy on thursday night
12:07 Himanshu : Today all Desk are LIC type
12:07 Himanshu : Only we daily wagers are here,,
12:07 Himanshu : so let them come post 1
12:07 Avinash : lol
12:12 Uttam : Bops advancing your hammer to G period?
12:13 Neeraj : Is this a bell curve that is forming Uttam Ji…
12:13 Boppanna : Uttam keeping both bears and bulls happy with his hypos by hitting the second targets moring session
12:13 Uttam : first day of new series so both need to feel at place na Bops 😉
12:14 Uttam : now can you please unveil the hammer?
12:18 Uttam : vols bulding here at 10300 level
12:18 Uttam : dPOC also here
12:19 Himanshu : Chalo chalo
12:19 Himanshu : BNF
12:19 Himanshu : NF spot advancing ,,
12:21 Uttam : thanks Bops
12:22 Uttam : lets get above 10320 now
12:22 Himanshu : UG we have to go in that extension of 21705
12:23 Uttam : 21540 first ref in BNF but seems to be forming vols here again at 21460
12:23 Uttam : 19500 green just above VWAP looks like SL
12:24 Uttam : similar number in NF also
12:25 Uttam : BNF wants to give DD dowb?
12:25 Shai : bell
12:25 Sanjiv : shai, what is a bell?
12:26 Nishant : Also IS with negative Cot
12:27 Shai : it’s just trapping of late traders looking for a breakout move
12:27 Sanjiv : thanks
12:28 Nishant : Shai 285 broken
12:29 Nishant : and IS with negative COT
12:29 Shai : 10277 seler trapped
12:30 Shai : can do 10307
12:33 MJ : +1 chief
12:33 MJ : 24k bnf too.
12:34 Naresh Dubbudu : All europe is in green. We can see a 2nd half recovery.
12:34 Shai : he exited 10290
12:35 Nirmal : IB ?
12:35 Shai : IB and IS are cancelli ng each other
12:36 Shai : wait for a move out
12:38 Nirmal : Ib means imbalance ?
12:39 Uttam : Initiative Buying
12:39 Nirmal : thx
12:39 Nirmal : today is open drive ?
12:39 Uttam : Open Auction which is still on 🙂
12:40 Uttam : Bops will take his hammer our only in his H period
12:41 Uttam : BNF 21380 imd ref
12:42 Nishant : IS with large negative COT
12:43 Nishant : and high volumes also?
12:43 Avinash : 75 point Disc
12:43 Avinash : NF
12:43 Shai : now we have some moves
12:43 Boppanna : Shai morning green exiting?
12:44 Shai : looks like
12:44 Nishant : days low gone
12:45 Shai : Aggressive long in NF 10255 sl of 10225 tgt 10290
12:45 KK : Lets fade this
12:46 Nishant : Shai – Can you explain Y Buy triggered even after IS with large negative COT and large volumes?
12:46 Shai : NF in
12:46 Avinash : y
12:46 Rahul : y
12:47 Vyom null : plz explain
12:48 Shai : exit 10264
12:48 Shai : reds came agin
12:48 Uttam : we are forming a balance today so if that 63k green holds can fill up the profile to the upside
12:49 Nirmal : positionall hold or exit ?
12:49 Shai : can do 10233
12:49 Uttam : those trifecta reds holding
12:50 Sreedhar : charts?
12:50 Uttam : room charts stuck
12:50 Shai : ignore 12.48
12:50 KK : Abki baar
12:50 Nishant : Shai/Uttam if you can answer my query plz
12:51 Chandu : uttam IB cnfmng tat those 63k greens holding
12:51 Seshadri : showing RO point 10240.. this is for july RO??
12:51 Uttam : yes Seshadri
12:51 Shai : short covered at 10246 right, green band came- (12:50) Nishant : Shai/Uttam if you can answer my query plz
12:51 Seshadri : thanks
12:52 Shai : was aggressive trade
12:52 Sylvester : what is RO point?
12:53 Uttam : Roll Over point
12:53 Shai : will short below 102409 again
12:53 Avinash : 10249
12:53 Shai : 10240*
12:54 Avinash : k
12:54 Seshadri : ok
12:55 Seshadri : RO point shows whether is it short or long RO
12:56 Uttam : RO point is where max vols happened so will be a mix of both Seshadri but if you want to compare with prev month we can say long rollover as last month was 9420
12:59 Seshadri : 9420 was JUNE Series rollover
12:59 Seshadri : thanks
13:01 MJ : Shai calls nf back to his morning no 285.
13:04 Shai : yes not much ahppening
13:05 MJ : Gol gol 🙂 since morning.
13:05 Shai : people trading for 15 -20 points quick today unlike yesterday
13:05 MJ : Happy I am.
13:06 Sachith : bnf again doom doom?
13:10 Uttam : I needs to make a lower low else back to dPOC in both
13:10 Uttam : 3 mins fro I to starr
13:14 Vyom : IB in both
13:14 Vyom : time to go long
13:14 Vyom : ?
13:14 Vyom : is the IS trapped?
13:15 KK : BNF in mood
13:16 Shai : Time to go long was at the green band @Vyom not here
13:16 Shai : did mention it before
13:16 Shai : this is TSL of all early shorts
13:18 Uttam : done – (13:10) Uttam : I needs to make a lower low else back to dPOC in both
13:18 Shai : +1
13:19 Uttam : lets get above that VWA BNF for a fill in upper part
13:21 Boppanna : +1 Uttam push above 430 pls
13:23 Santosh : 100k trapped?
13:23 Shai : No
13:23 Uttam : could be a SL of shorts as Shai said
13:23 Shai : They are bigget TF traders
13:23 Shai : bigger*
13:24 Santosh : Ok thanks
13:24 Shai : Guys , please note on the first day of a new series we get a lot of positional new business coming in. They don’t roll previous 3 sessions and would keep coming in T+5 days following week also
13:24 Shai : they are not intra day
13:25 K2dt : imbalance awaiting chief?.. 2 day vpoc now at 10290
13:25 Shai : did mention early at open also, Volume will keep coming in the new instrument
13:25 Naresh Dubbudu : So Shai. Today’s market action is indicative of OTF bias.
13:26 Naresh Dubbudu : I mean positional bias.
13:27 Shai : What really happens is that all players esp in NF and BNF do not always rollover when series closes
13:27 Shai : new money waits upto T+5 post expiry
13:28 Shai : if you see all rolls finish only at 40- 60%
13:28 Shai : bulk comes on day 1 and then Monday we will get more flow
13:28 Shai : hence I said wait for a reset between NF june and NF july
13:28 Shai : once all the volume is back, this will be up and running again
13:29 Naresh Dubbudu : Noted Shai.
13:30 Nagaraj : Thanks Shai
13:30 Saurabh rohatgi : sir can u post the split profile of nf and bknf
13:31 Saurabh rohatgi : seems like exhaustion on downside
13:31 Saurabh rohatgi : as per hypo also abv 10260
13:34 Uttam : yu can do that on MPLite – (13:30) Saurabh rohatgi: sir can u post the split profile of nf and bknf
13:35 Nirmal : here all future rate
13:35 Nirmal : n not spot right sir
13:35 Uttam : yes all fut
13:37 Nirmal : below 10240 can we short ?
13:37 Nirmal : shai sir
13:37 Shai : on conf from COT, yes you can
13:37 Shai : don’t trade blind
13:38 Nirmal : COT and volume ..when cot negative
13:38 Nirmal : i m first day today sir ..yet to learn ..try to learn on fly too
13:38 Nirmal : u guys speaking
13:38 Nirmal : cot minus with big volume right?
13:40 Boppanna : I LL
13:42 Nagaraj : BNF 21310 to 21220.
13:44 Saurabh rohatgi : for shorts below 10240 sl will be????
13:45 Uttam : 10270-280
13:45 Saurabh rohatgi : ok
13:46 Uttam : but we have not got reds below 10240
13:46 KK : that 82 K red may give us that
13:46 KK : alone
13:47 KK : this is where you go all In to help make the Bell
13:47 Shai : NF doe 10305 sl of 10240
13:47 Shai : cmp 10267
13:48 Vyom : shai logic for the trade for understanding plz
13:48 Shai : rotations with profile
13:48 Shai : rules of open auction
13:49 Vyom : since 10240 didnt break, we go back to upper end? is this?
13:50 Shai : yes
13:50 Vyom : thanks
13:51 Shai : even at the peak of March Vix I didn’t see such wide Bid-asks
13:51 Shai : juping around 7 points
13:52 Vyom : Shai what does large discount imply? discount has increased in recent past
13:52 Shai : Nothing
13:52 Shai : Ignore it. No logic to it
13:53 Vyom : ok
13:53 Favas : dow droping-225 now
13:53 Raunaq : any reason for such large bid ask imabalances
13:53 Shai : lilliquid
13:54 Shai : ill-liquid
13:54 Raunaq : even in monthly future contracts
13:54 Seshadri : somebody should make an FAQ of shai answering questions as it will help everyone
13:55 Nirmal : right
13:55 Shai : It’s recorded and a post is kept on the blog every evening
13:55 Nirmal : especially for beginner like me
13:55 Uttam : yes
13:55 Sreedhar : people in market not doing good job shai? ; )
13:56 Uttam : the entire room chat is posted daily on the website under the Order Flow post
13:56 Raunaq : shai does that mean only retail is present in the market?
13:56 Shai : Looks like they didn’t come to work today Sreedhar
13:57 Uttam : waiting for the calendar month of June to get over looks like
13:57 KK : Afternoon nap
13:57 KK : will wake up post 2 10
13:57 Bhavani : Himanshu should dial-up LIC..:)
13:57 Sreedhar : lol ..hum idar baite hai bewkoofs : )
13:58 Seshadri : All writers are busy collecting margin
13:58 Sreedhar : Aap bhi kisi bade writer se Kam nahi Sesh
14:00 Nirmal : cor is in plus means buyer n cot negativemeans seller….volume brings intensity….but we need to know historical data of cot with volume …can we scroll this screen
14:00 Nirmal : cot*
14:01 Nirmal : we need to know top 5 or top 10 per day ?
14:01 Uttam : we have a nice 2-day balance in both
14:01 Uttam : BNF filling up the low vol profile of prev day
14:01 Nirmal : ok…range boundthat why
14:01 Uttam : looks like Monday will be a good one to trade
14:02 Uttam : imbalance may return post this 2-day balance
14:02 Naresh Dubbudu : Uttam. Then it indicates bearishness for the week ahead.
14:02 Nirmal : imbalance can be positive side too ?
14:02 Nirmal : imbalance can have either side
14:02 Nirmal : i m not sure ?
14:03 Nirmal : can someone walks me through this scrren if they have time ..i would be grateful.
14:03 Boppanna : imabalance means a good move away from this balance either side
14:03 Nirmal : either side -correct
14:03 Uttam : BNF value completely inside yesterdays value
14:04 Uttam : 80% in todays value ocming?
14:05 Boppanna : BNF didn’t make a LL in I
14:05 Nirmal : at any point in time can we get net COT ( that would be key) i believe …add plus cot * volume – negavetive cot * vol
14:05 Uttam : lets make it test morning B
14:05 Nagaraj : perfectly playing within ranges today. No more for me.
14:05 Shai : book full- (13:47) Shai : NF for 10305 sl of 10240(13:47) Shai : cmp 10267
14:06 Ankit : +1 shai
14:06 Nirmal : buy ?
14:06 Ankit : very good trade
14:06 Nirmal : i didnt see that buy
14:06 Ankit : _/\_
14:07 Parul : Shai why are we booking on IB and +ve COT ?
14:07 Sreedhar : sh
14:07 Vishnu : vwap parul
14:07 Sreedhar : Shai +1
14:08 Shai : https://vtrender.slack.com/archives/C0F2VRTPW/p1593160765396100
14:08 Vishnu : new bee players give atleast 1 week time to study the things works here.
14:08 Shai : Just to give you an idea of the missing volumes I have been talking about since Morning. This is the past 11 trading sessions. See all of June Vols have not come to July yet
14:09 Favas : hi vishnu
14:09 Favas : am frm clt
14:09 Vishnu : come to slack
14:09 Favas : ok
14:11 Vishnu : nirmal u have joined today. just go thro the Training library and correlate with trades here.
14:12 Nagaraj : +1 Shai, that insight abt vols actually helps to keep limited expectations and play within ranges.
14:13 Uttam : anything for K period?
14:14 Vishnu : .
14:15 Tejpreet : Uttam WISHLIST …NE karo , get 2ib and your 403
14:15 Vishnu : boom boom needed ug
14:16 Uttam : no NE Tej but at least one trip to 10330
14:16 Uttam : BNF to 21600
14:16 Uttam : bas itna sa khwab hai ;-p
14:16 Tejpreet : chalo 330 is ok
14:18 Uttam : VWAP+IBL combo resisting for now
14:18 Uttam : 10290
14:18 Uttam : lets give it another shot 😉
14:19 Uttam : daya ko bulao
14:20 Uttam : je baat
14:20 Uttam : boom boom
14:20 Tejpreet : nice quickie !!
14:21 Avinash : +1 UG
14:22 Uttam : both completed this – (14:04) Uttam : 80% in todays value ocming?
14:22 Uttam : NF hihg 10312 which is todays VAH
14:23 Uttam : 80% Rule rocks
14:23 Uttam : similarly BNF VAH at 21480
14:23 Vishnu : 1.8 l buy
14:23 Uttam : high made so far 21470
14:23 Uttam : 21600 kahan hai?
14:25 MJ : 137k that is.
14:26 Parul : Is that 137k late long which is stuck ?
14:26 Vishnu : read shai earlier comments parul
14:28 Chandu : uttam 80% rule fr previouse values , r ican v apply fr current profile alo
14:29 Uttam : any balanced profile it applies to
14:30 Uttam : one done – (14:16) Uttam : no NE Tej but at least one trip to 10330(14:16) Uttam : BNF to 21600(14:16) Uttam : bas itna sa khwab hai ;-p
14:30 Tejpreet : tks Uttam
14:30 Uttam : _/\_
14:31 KK : VPOC at 10304, setting stage for monday gap up ?
14:32 Tejpreet : BN needs to wake up if we want to go for 403 by close.
14:32 Rajesh : Shai – Is this developing profile for 10400 closure today?
14:33 KK : ,failed to extend
14:34 Vishnu : this is the feature of balanced profile. sav emotional capital
14:34 Nagaraj : VWAP is the wall today
14:34 Tejpreet : K doing full IB move
14:35 Nagaraj : Yes Vishnu, that emotional capital is under-appreciated. Only lately have realised it.
14:37 Vishnu : i burned my finger with 0.6 dt in the morning itself . so take a leave and watching
14:38 Uttam : Nifty Spot wanting to close at weekly POC of 10345
14:38 Uttam : prominent one
14:42 Neeraj : It was seriously a Fryday
14:43 Rahul : Seems NSE forgor to inform traders that this months expiry will be on 25th as well 26th .. phew
14:43 Rahul : *forgot
14:44 Nirmal : any take away from shai sir session i get stuck in traffic after9 pm .
14:44 Parul : Guys just a request if possible -is any of the seasonsed traders here willing to spend some time over the weekend(an hour or so) to explain few of their trades to the new guys here ?
14:45 Nirmal : i mean yesterday session
14:49 Sreedhar : phele RB nanthar IB upar RS aur anthim charan mein IS …. Saransh Nirmal
14:49 Sreedhar : ; )
14:49 KK : Lets go
14:50 Nirmal : significance of volume n cot i diff colors
14:50 KK : Aaj lagta hai only move would be at 3 05
14:50 Nirmal : ?
14:53 Seshadri : i think nifty sell
14:53 Uttam : I am waiting for Monday already 🙂
14:53 MJ : Yeah UG.
14:53 MJ : Ciders Opened up.
14:53 MJ : post 2.
14:53 Seshadri : we might go day low today
14:54 MJ : Itna acha bell banaya aap. 🙂 with 2 tpos both side.
14:54 Uttam : art & craft class going on today 😉
14:54 MJ : 😉
14:54 Rajiv Ohri : 🙂
14:54 KK : 268 hi dkha do
14:55 Amit Jain : bell done 🙂
14:55 Uttam : bajao
14:55 Rajiv Ohri : UG only art nocraft
14:55 Uttam : craft will happen on Monday ;-p
14:55 MJ : Craft cider class here.
14:55 Uttam : time up today
14:55 MJ : See you buddy. Bye all 🙂
14:55 Uttam : aeroplane or submarine you will learn to make 😉
14:56 Tejpreet : 🙂
14:56 Uttam : BNF angry today looks like
14:57 Uttam : NF did 10335 but BNF did not even touch 21500
14:59 Shai : premium melt
14:59 Vyom : means?
15:00 Shai : option prices
15:00 Sreedhar : UG what is this dhoka C period the other day there was huge spike you guys were talking
15:01 Shai : Very good balance in NF and BNF today
15:01 Vyom : ok.. Shai do we give less importance to IB or IS in last half an hour?
15:01 Seshadri : ya shai.. after 2 imbalanced day, perfect balance
15:01 Shai : Most of you got an experience today on how a balanced profile works in the Markets
15:01 Shai : remember this – it’s one of the many benefits of trading the profile
15:01 Sreedhar : Yes Shai
15:03 Vishnu : +100 shai
15:03 Shai : Auction looking good abv 10240 F now
15:04 Shai : should challenge that FA at 10516 next week
15:04 Shai : we will trade the imbalanced move off here monday
15:06 Shai : @everyone – nice questions and good interactions today
15:06 Shai : spend time in the Training Library and get good with the basic concepts
15:06 Shai : you only can get better from here, provided you take the time to build a foundation
15:07 Vishnu : shai some good entries have made today .
15:10 Dhananjay : ya sure
15:12 Shai : RIL doing friday dance again?
15:14 Shai : Bye all
15:14 Shai : Have a good weekend everyone
15:15 Vishnu : bye all
15:15 Shai : Catch up Monday
15:15 Boppanna : Thanks Shai for ur inputs
15:15 Vishnu : thanks shai’
15:15 Giridhar Gowravajhal : Thnks Shai & UG. Bye all
15:15 Nagaraj : take care all
15:15 Nagaraj : ciao
15:15 Rahul : Thanks Shai and UG
15:19 Uttam : good greens into the close in both
15:19 Uttam : BNF does 21500 now
15:19 Chandu : imbalance move means REs shai
15:19 Uttam : wow can BNF tag 21600 in these closing mins?
15:19 Tejpreet : 890 to 930 on 22k monthly ce
15:20 Uttam : super Tej
15:20 Uttam : congo
15:20 Tejpreet : rest at 600
15:20 Uttam : wonder why it making the move now ;-p
15:20 Tejpreet : your guidance Uttam _/\_
15:20 Uttam : _/\_
15:20 Boppanna : +1 Tej
15:21 Tejpreet : tks Bops
15:21 Uttam : 8 mins for 80 points
15:21 Tejpreet : bot start running now 🙂
15:21 Uttam : lol
15:22 Uttam : bhaag milkha bhaag
15:22 Tejpreet : haha
15:24 Tejpreet : 942 closed
15:24 Uttam : super Tej
15:24 Tejpreet : tks
15:25 Avinash : +1 Tej
15:25 Boppanna : looks like BNF boat was heavy for the move to happen earlier
15:25 Uttam : yes Tej waited for the bus to get lighter 😉
15:25 Uttam : 21542
15:25 Uttam : 60 more in 4 mins?
15:25 Tejpreet : But nice close by greens….let us have OD monday
15:25 Uttam : yes Tej Amen
15:26 Uttam : 10330 & 21600 bola na 😉
15:26 Tejpreet : +100
15:27 Boppanna : +1 Monday morning Trend day vwap check and higher needed 2 days of balance good enough
15:27 Boppanna : BNF
15:27 Bhavani : VIX closing at new lows
15:28 Uttam : so we will make new highs 🙂
15:28 Uttam : 21553 is all BNF could mamage
15:29 Uttam : thanks All 🙂 have a lovely weekend
15:29 Avinash : Thank you Uttam and Shai.
15:29 Tejpreet : Bot needs to practicer running
15:29 Avinash : Bye everyone
15:29 Tejpreet : Bye All.
15:29 Bhavani : Let’s get Shai’s 11400 this month
15:29 Uttam : and start with 10735 next week 😉
15:29 Tejpreet : just 2 trading session left for June 🙂
15:30 Bhavani : Have a nice weekend.. Bye all
15:30 Uttam : June is a balanced profile so a spike close will do Tej 😉
15:30 Uttam : NAV cooking and all for half year?
15:38 Himanshu : Bye all
8:58 Shai : (08:56) Shai : ref line for the open today is at 10240F and at 10300 F(08:56) Shai : Ability to stay abv 10300 to watch(08:57) Shai : 10475 is the higher supply for this auction(08:57) Shai : 10128 is support lower(08:58) Shai : First day of new series in the new July F would be traded on lower volumes , so allow the market to catch up in the first half
09:10 Uttam : a) NF needs to stay above 10260 for a rise to 10293-329 / 10356 / 10392-403 & 10460-489*
09:10 Uttam : b) The auction below 10220 can test lower levels of 10175-145 / 10104-081 / 10041 & 9992
09:10 Uttam : a) BNF needs to sustain above 21456 for a rise to 21506-579 / 21700-760* / 21839-888 / 21965 & 22045-80
09:10 Uttam : b) The auction below 21430 could test 21360-300 / 21210-156 / 21072-36 / 20975-900 & 20850-784