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
08:49 Chandrashekhar : GM All, Wish you a prosperous and happy year ahead
08:52 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/536976813
08:52 Vtrender Live : 5 min charts – https://join.me/851-913-617
08:53 Vtrender Live : 5 min BNF charts – https://zoom.us/j/8647754956?pwd=RjFYSXJFcDNwdm1OZ29FVERzdEVOZz09
08:54 Abhishek : GM ALL, Happy New Year everyone.
08:55 Shai : GM all
08:56 Shai : My best wishes to you and your loved ones on the first day of the new year 2021. May this year continue to bless you in health, abundance and love
08:57 Shai : 14030 ref line for the open today
08:57 Shai : not expecting a lot of volunme off the open
08:58 Shai : the only chance of getting a move index wise would be post noon if any
08:58 Uttam : Good Morning All 🙂 and wishing everyone a very Happy New Year 2021
08:59 Chandrashekhar : looks like a gap down Shai?
09:00 Uttam : https://vtrender.com/market-profile-analysis-dated-31st-december-2020/
09:00 Ankush Jain : Good morning all & a very happy 2021]
09:01 Sumit : Good Morning everyone & wish all a very happy new year 2021
09:01 K2dt : gm everyone.. nd wish u all a healthy and prosperous 2021 🙂
09:03 Rohan : GM all and wish you all Happy New Year!!!
09:04 Rusi : Gm. Happy new year to all. May you never hit the stop loss in 2021. :))
09:06 Suren : Wishing you and your family a great year ahead!
09:06 Augustin : Wishing you all and your family a happy and prosperous new year
09:07 Rajesh G : wish u all a vry happy new year
09:08 Santhosh null : happy new year to all
09:08 Arcchit Agarwal : GM All.. wish everyone a very happy and prosperous new year.. may this coming year be the best so far
09:10 Jitender : HNY 2021 to everyone…God bless
09:10 Aditya : good morning.. happy new year to all..
09:12 Kailash : GM All happy new year to all
09:12 Surya : Good morning.. Happy new year to all !!
09:14 Ankush Jain : last new year day it was hardly 40 points range in NF
09:20 Uttam : Nifty spot negating yesterday’s tail at top
09:21 Uttam : 31445 ref in BNF on upside here
09:21 K2dt : UG we use continous futs or monthly here in room charts?
09:21 Uttam : thanks to Suyog for giving us series wise charting so we use the monthly
09:22 K2dt : no i mean the profile charts in room not mplite
09:22 Uttam : same
09:22 K2dt : tx UG
09:29 Uttam : 15min vol is 50% of the average in both
09:30 K2dt : matlab aaj aaram karo day 🙂
09:31 Ankush Jain : almost 35% vols in first 15 minutes as compared to yesterday
09:32 K2dt : havana karenge
09:32 K2dt : havan*
09:33 Ankush Jain : sorry it is about 80%
09:33 Ankush Jain : new year havan can be good beginning K
09:36 K2dt : yes A bigger the balance..larger the imb move can be 🙂
09:45 KK : End of auction for BNF at 425 ?
09:49 K2dt : has 6 on the buying side
09:49 KK : yup..mistook it..
09:49 Uttam : only one 0 does not mean much
09:50 Uttam : need at least 3-4 rows of 0s
09:50 K2dt : esp bnf..the kind of beast it is
09:50 Surya : today also OAIR…right
09:50 K2dt : 🙂
09:50 Uttam : ye Surya OAIR
09:50 Chandrashekhar : yes OAIR
09:50 Surya : Thanq
09:52 Uttam : (09:21) Uttam : 31445 ref in BNF on upside here
09:54 K2dt : lowest prem on nf in recent times?
09:56 Himanshu : HNY 2021 To all & Good Morning
09:56 K2dt : H had a gr8 party looks like 🙂
09:58 Chandrashekhar : why is BNF upper/lowerday ref showing 0?
09:58 Chandrashekhar : green box in bnf OF charts
09:58 Uttam : BNF still in hangover 😉
09:58 Chandrashekhar : 🙂
09:58 Uttam : even the 30mins need to get the vaue updated
09:59 Ankush Jain : 2020 ka hangover to alag hee hona chahiye
10:07 Himanshu : No K
10:07 Himanshu : You know in Baroda
10:07 K2dt : dry state 🙂
10:07 Himanshu : Police isseud warning notice to all party plots – clubs and farm houses
10:07 Himanshu : to not engagge in any booze party ,,
10:07 K2dt : +1 H
10:08 Himanshu : only malls had crowd – so we spent some time there with Santa ..
10:08 Himanshu : Wifey likes kids wearing and jumpig up and down so
10:09 Shai : have to puase the screen for a fresh start . will take 2 mins max
10:09 K2dt : 🙂 had a relax eve H
10:09 Ankush Jain : ok
10:09 K2dt : +1 chief
10:09 Ankush Jain : pausing will be hardly visible 🙂
10:09 K2dt : numbers hardly moving lol
10:09 Shai : nah- the screen will disappear
10:10 Shai : the default holiday is on Jan 1
10:10 Shai : needs a fresh start
10:10 Ankush Jain : yeah
10:10 Ankush Jain : all are in hangover
10:10 Himanshu : haha
10:10 Himanshu : US market in hangover till 4th –
10:10 Himanshu : so we have to be watchful today,,
10:11 K2dt : this proves that FIIs are daytraders :p
10:11 Shai : 🙂
10:11 Shai : or all big day traders are Fii’s 🙂
10:11 Himanshu : haha
10:11 K2dt : +1000
10:11 Himanshu : All big day traders are at twitter
10:11 K2dt : lool
10:12 Himanshu : We have FIIs in Twitter also ..
10:12 Shai : screen back
10:12 Uttam : yes
10:12 K2dt : 521 stuck red bnf
10:12 Uttam : BNF upper day & lower day still 0
10:12 Uttam : 30min working
10:12 Sanjib : @Shai – need adjustment in BNF Profile chart
10:16 Sanjib : Thanks Shai
10:16 Rusi : thanx shai
10:21 Chandrashekhar : looks like NF wants a c side setup?
10:21 Govind : Happy New Year to all!!!!!!! Have a great year ahead!
10:25 Ankush Jain : C side again
10:25 Chandrashekhar : here it..c side in NF
10:27 Chandrashekhar : EOA for NF? 820 reds with 0’s above
10:29 Uttam : now get it back into IB C
10:30 Chandrashekhar : you typed it and it is in IB Uttam:)
10:34 Ankush Jain : lets get an FA in nifty today
10:34 Uttam : yes and a proper one
10:35 Ankush Jain : Range is lesser, & we can have one
10:36 Ankush Jain : these 825 reds are shorts or profit booking?
10:37 Uttam : could be that 1088 green guy booking profits
10:37 Uttam : 13970-14055
10:38 Chandrashekhar : C extn in NF but BNF obliging teh setup rules well..NF is in diff world
10:39 Ankush Jain : new financial index coming up on 11th. For beginning no charges by NSE
10:39 Uttam : no margin also 😉
10:40 Ankush Jain : bring it on
10:42 Uttam : BN spot has been in 141 point range
10:42 Uttam : coiling happening in it
10:42 Uttam : phatne wala hai
10:43 Sanjib : C staying above IBH for now
10:44 Uttam : yep
10:45 Rajesh G : ug those zeroes negatd
10:45 Rajesh G : NF
10:46 Ankush Jain : we r in that zone only
10:48 Ankush Jain : High of that bar still intact
10:49 Himanshu : test of 13980 – could be better
10:49 K2dt : nf above vwap..bnf below vwao
10:50 Himanshu : yday – biggi were at 13970
10:50 K2dt : 1088 lots yes H
10:52 Sumeet : D wants new high ?
10:52 Surya : yeah looks so
10:54 Uttam : similar to yesterdays auction NF – C&D similar higs
10:54 Rusi : bnf traders have partied hard. still in hangover
10:54 Uttam : BNF is planning to give a nice new year gift 🙂
10:55 Ankush Jain : strangles working good in NF
10:55 Chandrashekhar : BNF has O-L?
10:55 Rusi : y
10:55 Ankush Jain : almost 10 points since morning
11:05 Abhishek : Ankush +1
11:12 KK : in Join me , I cann’t see the COT due to black bottom status/navigation bar, only the volume is visible above it..anyone else havig the same issue ?
11:12 KK : *can’t
11:13 Uttam : no both the bottom panes visible for me
11:13 Uttam : may be you have increased the %
11:13 Uttam : make it fit to screen
11:14 KK : sorry, in Zoom bnf
11:15 Uttam : same there too
11:16 Tejpreet : GM All.
11:16 Tejpreet : Happy new year Shai and team VT !!
11:17 Chandrashekhar : C,D,E making almost samw highs…
11:19 K2dt : u know the mkt is doing nothing when the bnf scale is 5 points :))
11:20 Rohit : KK, top center..toggle the zoom fit % options
11:22 KK : thanks, I use chrome view options to zoom out..:)
11:24 Ankush Jain : lowest volumes till D for at least 2 months
11:25 Ankush Jain : 19 lkhs and 15 day average is about 35 lkhs
11:26 KK : there is 302 greens above vwap in BNF
11:34 Sanjib : charts stuck
11:35 Ankush Jain : they r fine
11:37 KK : NF, lets go to VWAP
11:37 KK : and lower to bring some vol
11:38 Chandrashekhar : 14040 has a white laxman rekha on 5 min charts
11:38 Chandrashekhar : not breaking that since that c side
11:46 Rusi : vwap = dpoc in bnf
11:48 Ankush Jain : Nifty ka bhi aas pass
11:51 Chandrashekhar : finlly V wap darshan in NF
11:56 Uttam : VWap se kuch nahi hoga abhi new lows chahiye ;-p
11:57 Uttam : 14026 needs to go in NF
11:58 Ankush Jain : NF has spent quite some time above IBH. Will it be a candidate for FA?
12:00 Uttam : nope not in NF but Spot still has a probable FA at top
12:01 Chandrashekhar : thanks for that session Uttam, have noted in my dairy on FA
12:02 Chandrashekhar : it should have sustained below IBL for atleast 30 min post that failed move right?
12:05 KK : bnf 1154 red at bottom
12:05 KK : will provide that volume ?
12:12 Uttam : yes Chandra it needs to spend less than 30mins outside IB for FA to be in play
12:12 Chandrashekhar : +1
12:16 Uttam : remember that 14k CE being written at 140 yesterday
12:16 Uttam : today hgi h135.7 though NF made new highs
12:17 Chandrashekhar : yes…very much
12:17 Uttam : that 140 will be the level to watch if NF has to give a move higher in the coming week
12:17 Chandrashekhar : have it in my watchlist since you mentioned yesterday
12:19 Ankush Jain : BN forming a nice bell
12:19 Ankush Jain : NF also balancing in upper half
12:19 Uttam : kal bhi wohi kiya BNF ne ;-p
12:22 Shai : Spent the last 2 hours catching up with long term charts
12:22 Ankush Jain : what do we have ?
12:22 Uttam : cool Shai 🙂
12:22 Uttam : yearly view please 😉
12:22 Shai : early view for Jan suggests siupply may add near levels of 14260 later this series on these projected volumes
12:23 Shai : dip buy will remain the theme though
12:23 Shai : we will look at 13500 to come back into longs this Jan
12:23 Vishnu : banknifty any view
12:23 Shai : At current levels of 14050 there is 200 point upisde against a 500 point slide
12:24 Shai : so RR not good for new longs here
12:25 Ankush Jain : great chief
12:25 Shai : 12400 rally is the break away p[oint for 2021 and support on any large decline
12:25 Ankush Jain : It helps a lot
12:25 Shai : upside through 2021 can come near 15650/ 17400
12:25 Shai : 12400/ 11600 are the big supports
12:25 Shai : sell portfolios if 11600 breaks for any reason like 2020
12:26 Ankush Jain : chief these are future levels?
12:26 Shai : spot levels
12:26 Uttam : long term always Spot A
12:26 Shai : Allow 20- 30 points
12:26 Ankush Jain : ok
12:26 Shai : not tick based though 🙂
12:26 Uttam : 🙂
12:26 Shai : so don’t sell if they brreak by 1 or 2 ticks
12:27 Shai : BN is very tough
12:27 Shai : (12:23) Vishnu : banknifty any view
12:27 Himanshu : CHief BNF
12:27 Shai : we wait for the new index
12:27 Shai : but BN is way off in this run
12:27 Himanshu : Vishnu Maharaj – HNY
12:27 Ankush Jain : 🙂
12:27 Vishnu : ok shai
12:27 K2dt : +100 chief
12:27 Vishnu : tnx and smae to u H
12:28 Himanshu : They planned new index –
12:28 Uttam : boom boom?
12:28 Uttam : BNF did not like that Shai 😉
12:28 Sumeet : :))))
12:28 KK : kindly above 445 this time
12:28 Shai : besides BN traders should not think one year even 6 months from now :). Take it one week at a time
12:28 Chandrashekhar : 995 greens looks to be Shorts SL….
12:28 Chandrashekhar : just above Vwap
12:28 Shai : 🙂
12:28 Uttam : 14073 coming in NF?
12:29 Shai : BNF is a proper traders instrumnet these days- just go with the flow
12:29 Uttam : BNF on for 31510
12:29 Uttam : minor hurdle still at 31445
12:30 Shai : NF 13980 should hold into close today
12:30 Shai : 14020 is an RB and also a good supp
12:30 Shai : vols are not good to break very high from here
12:31 Shai : could remain restricted
12:31 Rusi : long term view is gr8 shai
12:31 Rajan Modi : thanks Shai for the view _/\_
12:32 Rusi : i amstill in in non directional trade in BNF
12:33 Rusi : unlessIB breaks
12:35 Shai : I’m taking the rest of the afternoon off Guys. Family lunch day Jan 1 .
12:35 Shai : Have a good safe weekend
12:35 Uttam : 🙂 enjoy Shai
12:35 Sumeet : enjoy yory lunch and the very best to your family.
12:36 Shai : And we will be back full throttle from Monday
12:36 Sanjib : Enjoy Shai
12:36 K2dt : +1 chief..njoy
12:36 Uttam : +2021
12:36 Siddhesh : e
12:36 Rusi : looking forward to that shai
12:36 Rusi : have a great weekend
12:36 Shai : Stay safe every one and have a good weekend
12:36 Siddhesh : Enjoy Chief
12:36 Shai : _/\_
12:38 Sumit : Have a good weeken chief shai
12:58 Ankush Jain : Vix is crashing today
12:58 Ankush Jain : -6%
13:20 KK : are those 0s valid in NF ?
13:26 Ankush Jain : volumes just dying down
13:28 Uttam : when were they alive ;-p
13:28 Siddhesh : lol
13:32 Ankush Jain : kucchh saansien to chall rahi thee
13:32 Ankush Jain : 🙂
13:35 KK : Is it a day to close early, UG, any chance of testing that 13980 today ?
13:37 Ankush Jain : the way vix is dropping, it should be unlikely
13:40 Ankush Jain : 29 lakhs in volumes yet
13:41 Rusi : 45 degree happenning in bn ?
13:41 Rusi : 1700 red trapped here or stopped out
13:41 KK : again that reds in BNF
13:41 Uttam : 180 degree torture de raha hai yeh market Rusiji 😉
13:42 Rusi : :))
13:42 Uttam : low volumes swipe galore
13:44 Uttam : can BNF get some more reds here
13:45 Uttam : 1700 guy stuck at lows of the bar
13:47 KK : bnf should cross 338 and give us those another 50.
13:48 Uttam : that stuck red is right at the VAL of the 3-day comp in BNF
13:56 Rajesh G : UG which white lakshman rekha
13:56 Rajesh G : someone was talking about
13:56 Uttam : it is the dPOC plus where vols are being built in BNF since last 3 days
13:56 Uttam : today is the 4th day
13:57 Rajesh G : ok
13:59 Uttam : BNF can get to 31400 zone again
13:59 Uttam : that stuck red still there
14:03 Ankush Jain : vix & premiums just heading South today
14:17 Sumeet : long time since bnf stayed strictly within IB levels. looks like it has a christmas lunch hence gained weight in the belly
14:20 Uttam : finally – (12:28) Uttam : 14073 coming in NF?
14:21 Uttam : took 2 hours to do these 20 points ;-p
14:22 Uttam : how long will this take? – (13:59) Uttam : BNF can get to 31400 zone again
14:25 Ankush Jain : 1
14:25 Ankush Jain : NF up by 65, 14k ce by 1
14:26 Ankush Jain : aaj option buyers ka to ho gya
14:26 Ankush Jain : 53
14:26 Ankush Jain : 14k pe -53
14:45 KK : buyers will carry 14K over the weekend ? what if someone sneezes saying “china”
14:49 Uttam : you guys want to look at a trending profile of today?
14:49 Uttam : https://mplite.vtrender.com/?symbol=O_NIFTY14000PE20210107_NIFTY14000CE20210107&tf=daily&tpo=2&isComposite=0&ivp=0&sp=1&startDate=&endDate=&nDays=8
14:49 Uttam : OTF down
14:50 Uttam : since open which was with a drive
14:50 Uttam : 240-210 since B period
15:01 KK : 14K CE deciding to stop falling
15:05 Surya : same case with BN cE
15:05 Uttam : writers covering
15:06 Surya : ic
15:07 KK : yup, OI is falling in that..have a great weekend and a very happy new year to everyone…
15:09 Aditya : Futures premium also up from 12 to 40 since morning
15:19 Uttam : Monday could be a good day in BNF
15:19 Uttam : 4-day balance with prominent POC around 31350
15:19 Uttam : can start the next leg
15:20 Uttam : 31300 CE / PE both at 360 levels
15:20 Uttam : from 2 days A period range not being taken out in BNF
15:24 Uttam : so the new year giving lot of hope to the option writers 😉
15:24 Himanshu : UG – U mean BNF will break out up
15:25 Uttam : that will depend whether you have shorted the PE or Ce H 😉
15:25 Uttam : lets see if we get initiative vols on Monday
15:25 Uttam : direction bhi mil jaayega tab
15:26 Uttam : for now we have that 31445 & selling tail at top
15:26 Uttam : as ref on upside
15:27 Himanshu : OK
15:27 Uttam : 45L & 24L vols in NF & BNF
15:27 Himanshu : so its OTF pos
15:27 Himanshu : unless we tak e out that
15:27 Uttam : looks like these did not realise Jan series has started
15:27 Himanshu : risk to downside is open for now
15:28 Uttam : thanks All 🙂 have a relaxing weekend & lets start the 2021 trek Monday onwards 🙂
15:29 Himanshu : I have no pos open
15:29 Surya : Happy weekend !!
15:29 Ankush Jain : closing 1st day of the year with +3 DT
15:29 Himanshu : Friday opening new month is not
15:29 Uttam : wah A 🙂
15:30 Himanshu : Cong Ankush
15:30 Ankush Jain : strangle worked great today
15:30 Ankush Jain : massive decay
15:30 Uttam : yes A in fact even straddle worked well
15:30 Uttam : 30 points in ITM one
15:31 Ankush Jain : all options shedded premium like snake skin