When we think about how to measure volume in the market one of the keys is Order Flow. It plays a role by telling us what the other traders have done in the market and are currently doing and this provides valuable clues and potential opportunities to trade.
An Order Flow trader can actually see exactly what is happening in the market as it happens. Once you are able to understand what is happening in the present, you are able to make far better decisions about what might happen in the future. Order Flow provides traders with vision into market activity.
NF
BNF
Room Chat
(08:21) Uttam : https://vtrender.com/weekly-charts-21st-to-24th-december-2020-and-market-profile-analysis/
(08:21) Uttam : https://vtrender.com/market-profile-analysis-dated-24th-december-2020/
(08:24) Uttam : Good Morning All 🙂
(08:45) Vtrender Live: 30 min charts – https://global.gotomeeting.com/join/152747765
(08:47) Kailash : GM All
(08:49) Vtrender Live: 5 min charts – https://join.me/192-095-891
(08:49) Chandrashekhar : GM all
(08:53) Abhishek : GM all
(08:53) Vtrender Live: 5 min BNF charts – https://zoom.us/j/8647754956?pwd=RjFYSXJFcDNwdm1OZ29FVERzdEVOZz09
(08:58) Sumeet : Sorry abt that.. good morning all
(09:01) Uttam : Aussie 2nd wicket down 🙂
(09:01) Ankush Jain: wow
(09:01) Ankush Jain: great way to start
(09:01) K2dt : 1 more screen added UG for cricket 🙂
(09:02) Uttam : lol thats on TV
(09:02) K2dt : haha +1
(09:02) Uttam : very rarrely I have the TV on in market hours
(09:02) Uttam : 🙂
(09:02) Uttam : so Nifty set to open at new ATH
(09:03) Uttam : will not be trading this week so only observations
(09:03) Uttam : Ashwin’s bunny is here 😉
(09:05) Abhishek : Uttam any particular reason to not trade thie week ?
(09:05) Abhishek : holidays, low volume ?
(09:05) Ankush Jain: 3rd also?
(09:06) Uttam : taking a break and want to come back next week in 2021 onwards 🙂
(09:06) Rusi : Gm all
(09:06) Uttam : break is good
(09:06) K2dt : break is good +100 UG
(09:16) Uttam : NF hits the 1atr objective of 13812 from Thursdays FA of 13641
(09:16) Uttam : BNF tags that 30689
(09:16) KK : BNF for 31 K ?
(09:17) Uttam : next level 30792 which is the weekly VPOC
(09:19) Uttam : NF on for 13912?
(09:20) Uttam : needs to sustain above 13865
(09:22) Uttam : 30730 had big vols in BNF
(09:22) Uttam : has*
(09:26) KK : above 792 ?
(09:26) Uttam : 30850
(09:26) Uttam : 30791 BNF
(09:27) Uttam : (09:17) Uttam : next level 30792 which is the weekly VPOC
(09:29) Uttam : similar kind of open in BNF as it did on Thursday
(09:29) Uttam : 30850 then 30960 levels on upside to watch
(09:32) Chandrashekhar : speedo for NF going down….
(09:39) Tushar : Which type of opening it it in NF?
(09:40) Chandrashekhar : OAOR
(09:40) Subhadeep : OAOR?
(09:40) Subhadeep : Yes
(09:42) KK : bnf this time, kindly cross 850.
(09:42) KK : UG, is BNF stronger ?
(09:43) Uttam : BNF also has a OL start just from PDH
(09:43) Uttam : 30552
(09:44) Tejaswini : OL?
(09:45) Uttam : Open=Low
(09:45) Tejaswini : ok
(09:51) Tejaswini : volumes very low today
(09:51) Rajan Modi: coz UG is not trading 😉
(09:52) Uttam : lol it is the other way round R
(09:54) Subhadeep : A to form IB for today?
(09:56) Uttam : BNF locked between 30730 & 30820
(10:00) Ankush Jain: Shai will be back on 31st?
(10:10) Uttam : Wednesday I suppose he would be back
(10:11) Uttam : still here – (09:56) Uttam : BNF locked between 30730 & 30820
(10:26) Ankush Jain: Smith gone
(10:35) Uttam : huge addition in 13800pe OI today since open
(10:35) Uttam : 823 red in BNF at vwap
(10:51) Tejaswini : can we get new highs on those caught reds?
(10:54) Uttam : expiry week so be wary of the OF as they could also be rolls
(10:55) Uttam : volumes low in both
(10:55) Uttam : still here – (09:56) Uttam : BNF locked between 30730 & 30820
(11:01) Uttam : aussies 4 down 🙂
(11:03) Sanjib : NF doesn’t want to leave the VWAP line
(11:03) Uttam : tails at both ends of A in NF
(11:03) Uttam : BNF forming another ‘p’ for now
(11:03) Ankush Jain: Volumes just drying out
(11:05) Uttam : yep A
(11:05) Uttam : even 13800ce is now being written
(11:05) Ankush Jain: comparing all period volumes with 15 day average in excel
(11:06) KK : no volumes, see you in G
(11:07) Ankush Jain: strangles, straddles should work today
(11:08) Ankush Jain: Aussies are 4 down
(11:09) Uttam : 5 down
(11:09) Ankush Jain: good
(11:12) Ankush Jain: innings se haraana
(11:13) Prashant : Yes, even a 50 run target could become difficult 🙂
(11:19) Augustin : 6 down
(11:20) Sanjib : DPOC aur VWAP – sab mile hue hai ji 🙂
(11:29) Rusi : 🙂
(11:30) Rusi : dono mil kar psychopath ban gaye hain 🙂
(11:43) Tejaswini : BNF which test will come first? highs or singles?
(11:47) KK : 687 will decide
(11:55) Gopi reddy: govt asks not to board chinese nationals?
(11:55) Gopi reddy: any thing cooking up?
(11:56) Himanshu : 3rd day up from 22nd
(11:56) Himanshu : and we are rotating at 18th – Last friday VPOC
(11:56) Himanshu : from where drive down started ,,
(11:57) Himanshu : 30980 – being series high – to cross and hit 30980 again we need to cross – Drive down day – VPOC with volume – we need Bholume
(11:58) Himanshu : is my understanding based on UG’s last session on MP
(11:58) Himanshu : Guruji – am I right
(12:00) Uttam : series POC shifted to 30798 last to last Friday and last week back to 29650
(12:00) Uttam : so khaya peeya kuch nahi BNF ne this series 😉
(12:01) Uttam : initiative buyers from the start of the series who bought near 29650 kept booking out above 30700 where we also got some responsive shorts
(12:01) Himanshu : Yes
(12:01) Uttam : and last week in the fall the shorts also booked out with 29000 being defended which got some demand
(12:02) Uttam : and now we are back to 30700+
(12:08) Tejaswini : UG POC being lower and BNF back up now is there a chance of fade kinda move where BNF closes the month near POC?
(12:12) Uttam : you need initiative volumes for a 1200 point move T, responsive fading will not give that kind of a move
(12:13) Tejaswini : true
(12:13) Uttam : BNF spiking?
(12:13) Himanshu : SPIKE
(12:13) Uttam : 30849 new high
(12:13) Uttam : now gone abovei t
(12:16) Ankush Jain: these 1127 reds are SLOs?
(12:19) Uttam : BNF going for 30960 looks like
(12:20) Uttam : 30810 needs to hold
(12:29) Tejaswini : NF 0’s at top are end of auction?
(12:34) KK : DAX ?
(12:34) KK : flying
(12:53) Tejaswini : BNF for 960?\
(13:24) Uttam : profile filling happening now
(13:25) Uttam : 30790 & 13850 levels on watch in both
(13:25) Uttam : 30920 BNF hit
(13:26) Uttam : which was the upper level on that 30min bar
(13:26) Uttam : 30843 is the level to hold in this TPO now
(13:28) Uttam : NF wants to be first 😉 – (13:25) Uttam : 30790 & 13850 levels on watch in both
(13:28) Uttam : still low vols in both so can keep giving swipes
(13:29) Uttam : abki baar 30960?
(13:29) Uttam : (12:19) Uttam : BNF going for 30960 looks like(12:20) Uttam : 30810 needs to hold
(13:30) Uttam : I making new highs here
(13:33) Ankush Jain: 42 lk volumes only
(13:42) Tejaswini : 994 to watch?
(13:43) Tejaswini : in BNF?
(13:59) Uttam : 30960 aaya kya?
(14:05) Uttam : abhi aaya
(14:05) Uttam : (12:19) Uttam : BNF going for 30960 looks like(12:20) Uttam : 30810 needs to hold
(14:06) Uttam : low made after this was 30837
(14:06) Uttam : 31110 will be nice
(14:07) Uttam : if we can get some vols here
(14:07) Uttam : 31010 in spot is a vpoc so probable tgt
(14:08) Uttam : lets see if we have something lined up for the K period
(14:08) Uttam : else can do a profile filling move into the close
(14:10) Siddhesh : profile feeling means it will comes back to VAL ?
(14:10) Uttam : vwap / dpoc first stop
(14:10) Siddhesh : ok
(14:11) Siddhesh : thanks
(14:11) Favas : ug fall towards vwap buy?
(14:11) Favas : bnf
(14:11) Uttam : BNF can test 30790 once Favas
(14:11) Favas : okey
(14:11) Uttam : there if we get greens or stuck reds can look to buy
(14:12) Favas : +1
(14:12) Uttam : 30825-30790 zone
(14:12) Uttam : if K period does not leave an extension handle higher
(14:13) Porus : NF, that gap in the profile likely to be visited?
(14:14) Uttam : yes Porus possible +1
(14:15) Uttam : you doing this Porus 😉
(14:16) Uttam : 1k red in BNF
(14:17) Uttam : vwap+ibh aligned here in BNF
(14:19) Porus : NF has an option to stay in a narrow range and create a nie balance
(14:25) Tejaswini : Neux possible?
(14:27) Uttam : new hgihs coming in both looks like
(14:27) Favas : ug those reds stuck?
(14:28) Uttam : morning we had one 822 red stuck in BNF
(14:28) Favas : or just st of longs
(14:28) Uttam : now this 1106
(14:28) Favas : yeah
(14:28) Uttam : vwap test done in both
(14:28) Uttam : so new highs most likely
(14:30) Favas : still there is no unwinding in ce
(14:30) Favas : bnf
(14:30) Favas : very marginal
(14:36) Ankush Jain: K bhi shaant hai aaj
(14:37) Uttam : then spike period ka intezaar 🙂
(14:41) Uttam : 3 mins to L
(14:41) Uttam : NF makes new highs
(14:43) Uttam : BNF copy cat? 😉
(14:44) Uttam : (09:19) Uttam : NF on for 13912?(09:20) Uttam : needs to sustain above 13865
(14:44) Subhadeep : BNF marginally missed new high un K period but did it at the start of L, so 31110 unlikely or still a good possibility?
(14:45) Uttam : needs more vols
(14:45) Subhadeep : ok
(14:46) Uttam : 30976 was 1.5 IB in BNF
(14:46) Uttam : almost tags that
(14:46) Govind : UG, you working on another gap up for tomorrow? 🙂 in BNF
(14:46) Rusi : 1.5 IB
(14:46) Uttam : take it anywhere bro but give new ATH in Jan 2021 ;-p
(14:47) Govind : yeah Uttam, just a mere 5% away
(14:47) Uttam : 🙂 not too much an ask
(14:47) Uttam : for BNF especially
(14:48) Subhadeep : 🙂
(14:48) Uttam : so a hatrick of ‘p’ shape profiles in BNF
(14:49) Uttam : but today’s profile looks like can do with some filling from 30790 to 30940
(14:49) Govind : yeah, from that 29000.10 lows 🙂
(14:49) Uttam : +100 Gov 🙂
(14:49) Uttam : Thursday low 30021 it was
(14:49) Govind : am seeing some decent greens in JAN BNF series as well
(14:50) Uttam : BN spot has confirmed a monthly FA at lows
(14:50) Govind : good green COT in it
(14:50) Uttam : which is why all the more bullish on it
(14:51) Govind : Super
(14:53) Rajan Modi: UG – Monthly FA? targets will be?
(14:54) Uttam : 32370 & 35763 but lets see how we close this month
(14:54) Rajan Modi: thank u
(15:19) Uttam : Nifty Spot has left a FA at lows today
(15:19) Uttam : 13811
(15:19) Uttam : had made a C side there
(15:20) Uttam : 1400red in BNF at 30900
(15:26) Uttam : no spike but a strong close in both
(15:27) Uttam : BNF Ces making new highs into the close
(15:28) Uttam : close in an imbalance
(15:28) Uttam : thanks All 🙂 have a lovely evening