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
08:52 Santhosh null : gm all
08:52 Himanshu : GM all
08:53 Seshadri : GM all
08:54 Rajesh : gm all
08:54 Avinash : GM Everyone
08:55 Giridhar Gowravajhal : GM all
08:57 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/369297709
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09:00 Sushil : GM everyone
09:00 Raunaq : gm all
09:01 Sanjeet : Good Morning…
09:01 Sudhir : GM all
09:04 Shai : GM all
09:05 Rajesh G : gm all
09:05 Fenil : GM All 🙂
09:05 Shai : Ref line for the open sits at 9740 F
09:05 Uttam : Good Morning All 🙂
09:05 Shashidhar : Good Morning all
09:05 Shai : Continue to see this as a move back to balance post the imbalanced open we saw yesterday
09:06 Shai : Range of the auction as mentioned yesterday remains 9740- 9930
09:06 Shai : BNF was a P shaped profile yesterday
09:07 Shai : Look for an extension abv 20100 for signs of bullishness
09:08 Vishnu : GM all
09:08 Tejpreet : GM All
09:08 Ankit : GM all
09:08 Ankit : Thanks shai for the perspective
09:10 Sachith : Good morning all.. happy trading
09:10 Chandrashekhar : GM all
09:12 Chetas : gm all
09:17 Shai : BNF near singles of yesterday
09:17 Fenil : RS means in chart??
09:18 Uttam : Responsive Selling
09:19 Ashwath : freak open in BNF?
09:19 Shai : 9850 supply for the open
09:20 Sanjeet : is this spot or future level
09:21 Uttam : all futures here Sanjeet
09:21 Ashwath : future
09:22 Ashwath : @Uttam – BNF tested previous day lavue area low and reveresed?
09:22 Ashwath : VAL
09:23 Uttam : buying in both
09:30 Shai : Intra – Buy NF 9860 sl of 9832 tgt 9910 . TRdae with 50% size
09:30 KK : 1 DT done..knew it would go back if 9750 held, based on Shai’s input..thanks..Will try and stay out for the day..and just watch..weekly understanding helps..monday positive bias..so stay positive unless shai’s levels break back.
09:30 Shai : taking out the seller at 9855 here
09:31 AnilR : DT done in BN
09:31 Shai : spot abv 9900
09:32 MJ : Cheers KK.
09:32 KK : thanks MJ
09:32 Shai : +1KK
09:32 MJ : Easy part done, once above yvwap took 50 pt on nf. Now tsl mode on for balance qty.
09:33 KK : Thanks Shai
09:33 Shai : looking to get past 9882 now
09:34 Uttam : boom boom
09:34 Uttam : 9800ce from 291 to 321 50% booked
09:34 Vishnu : +1 ug
09:34 Shai : +1
09:34 Uttam : (09:23) Uttam : buying in both
09:34 Uttam : 9780 was rejected
09:34 Shai : All who did the homework per the paln of yesterday see immediate dividends
09:35 KK : 9500 CE went from discount to premium
09:35 KK : oh..not yet
09:35 Shai : Kotak is the driverr in BNF
09:36 Himanshu : 19500 PE 225- 195 Exit
09:36 Avinash : +1 UG
09:36 Himanshu : 2.38 % stake sale by MD
09:37 Shai : yes
09:37 MJ : Yes chief, Spending time with charts before open and your morning comments makes it easy to ride within the IB period.
09:37 Shai : Yes the NF trade here just abv cost- we let it settle
09:38 Ankit : congo uttam!
09:38 Ankit : can we say ORR open uttam?
09:38 Uttam : still in prev day range
09:38 Rajesh : otd?
09:39 Ankit : makes sense
09:39 Ankit : thx
09:39 Ankit : yes until sustains above 9920.. can turn in
09:39 Ankit : imo
09:40 Uttam : 9880 needs to be sustained
09:40 Shai : drives take out value area in A
09:41 Shai : 9837 a supp here considering it is abv yesterday late supply
09:45 Raunaq : what does 1/2 9833 on right side of nifty means?
09:46 Himanshu : 1/2 of todays range
09:46 Raunaq : ok.thanks
09:54 Shai : _/\_- (09:37) MJ : Yes chief, Spending time with charts before open and your morning comments makes it easy to ride within the IB period.
09:55 Shai : was looking for a break abv 9882 quickly , has stalled there- (09:33) Shai : looking to get past 9882 now
09:55 Shai : for dvah to be taken out, you need volume increase else better to exit and wait
09:56 Ankit Maheshwari : BNF 20500CE OI increasing rapidly
09:56 Shai : Vol slowing down now
09:57 Ankit Maheshwari : Still 50 point diff in Fut vs Spot NF. Seems like diff instruments all together
10:09 Shai : BUy 9800 pe at 84-85 sl of 72 tgt 107
10:13 Uttam : IS at vwap so lows can come
10:15 Himanshu : Kotak _ cooled off and only one was driving bNF
10:16 Uttam : 9810 minor sup
10:17 Uttam : if that goes 9785 test could come
10:18 Shai : 9858 SL if in NF as a sell on this _1L COT
10:19 Shai : -1L COT*
10:19 Tejpreet : +1 for the pe entry timing Chief.
10:19 Shai : 4th IS about to form
10:19 Uttam : +1
10:20 Shai : 101 book half – (10:09) Shai : BUy 9800 pe at 84-85 sl of 72 tgt 107
10:20 Shai : Never mess with -1L COT 🙂
10:20 Uttam : that too at VWAP 🙂
10:22 MJ : 52k red under yvwap nf.
10:22 Uttam : (10:13) Uttam : IS at vwap so lows can come(10:16) Uttam : 9810 minor sup(10:17) Uttam : if that goes 9785 test could come
10:23 Shai : hold the balance for 120 with sl at cost- (10:20) Shai : 101 book half – (10:09) Shai : BUy 9800 pe at 84-85 sl of 72 tgt 107
10:24 K2dt : 88-99 9800pe
10:44 Shai : Balance PE exited- flat now
10:45 Shai : more likely nowe to be very falt here as vwap flattens also
10:47 Uttam : one more 2-day balance forming Shai?
10:54 Aman : “shai dpoc shifted down,any significance?
10:54 Uttam : that stuck 60k red SL hit abv vwap looksd] like
10:54 Aman : can it used for bias?
10:54 Uttam : both stalling at yVAH
10:54 MJ : Yes UG. Held moves for now.
10:55 MJ : Market advertising opportunities for both buyers and sellers?
10:56 Uttam : but onlu locals responding ang getting stuck
10:57 Himanshu : Chop- Chop by locals on both side for Option Retailers
10:58 Naresh Dubbudu : I feel these days IB/IS on the charts are showing contra signals.
11:02 MJ : 9857 give gate pass please?
11:02 MJ : 9858*
11:07 Jitender : namo live
11:18 Himanshu : Is addressing CII wide Video Conf I guess
11:19 Govind : does not look like I am getting that 15L
11:20 Uttam : lol Gov
11:20 Himanshu : haha
11:20 Ketan : ha ha ha gov
11:20 Himanshu : Gov – he gave you cheap live Data Feed to get it from COT
11:20 Himanshu : haha
11:20 Avinash : LOL Gov
11:21 Himanshu : He is for Farmer, Labours, MSME
11:22 Himanshu : Labour – Land Reform, Uday Kotak striking – what was announced earlier seems..
11:24 Shai : Not when the context is a balance – (10:54) Aman : “shai dpoc shifted down,any significance?
11:25 Shai : 40 mins later vwap is as straight as a ruler ! – (10:45) Shai : more likely nowe to be very falt here as vwap flattens also
11:27 Uttam : 19935-924 imp zone in BNF & looks like some demand there
11:27 Uttam : below that 19880 next ref
11:28 Uttam : BNF could give a test of DH looks like
11:28 Uttam : not getting any move below VWAP
11:28 Uttam : so at least comeplte the bell 😉
11:31 Raunaq : according to OI more writing in PE as compared to CE
11:31 Raunaq : are we expectng a move?
11:32 Raunaq : it is not falling either
11:32 Uttam : VWAP rejecting yet again in BNF
11:33 Uttam : 20025 & 20020
11:33 Shai : @Raunaq that OI language is changed now- More OI is not directiional anymore as spreads are being done
11:34 Raunaq : noted
11:37 Uttam : dPOC also overlapping in BNF today at 19980
11:45 Naresh Dubbudu : Supply being absorbed well indicates buyers in control Shai?
11:51 Shai : no indicated both buyer and seller are matched
11:51 Shai : indicates*
11:51 Naresh Dubbudu : Ok
11:53 Raunaq : its been an hour since BNF is been rotating in a tight range
11:53 Raunaq : can we expect a move here?
11:54 Shai : (10:45) Shai : more likely nowe to be very flat here as vwap flattens also
11:54 Uttam : it has done a 3000 pointer in 6 session so can grant it some rest 🙂
11:54 Shai : Trade the screen
11:54 Shai : save emotional capita;
11:55 Shai : don’t get worked up about a market not wanting to do anything
11:55 K2dt : +1 Shai
11:55 Raunaq : thanks for the inputs
11:57 Suresh : slow motion after long time in nifty
11:59 MJ : Watching that zone between vah and dvah
12:03 Chetas : uttan, now with the bell formed, BN can give boom boom ?
12:05 AnilR : Boom Boom BN
12:06 Uttam : (11:27) Uttam : 19935-924 imp zone in BNF & looks like some demand there(11:27) Uttam : below that 19880 next ref(11:28) Uttam : BNF could give a test of DH looks like(11:28) Uttam : not getting any move below VWAP
12:06 Chetas : i think we need Ib / PDH break for real boom boom
12:07 MJ : 0’s at 9860
12:10 Himanshu : UG – those 3 100 K Shorts in NF are taken out ,?
12:11 Himanshu : 19300 PE -141- 108 Out
12:12 Shai : 9864 is the buyers
12:12 Shai : if that breaks you get 30 points to 9836
12:12 Shai : sl of 9874
12:12 Himanshu : K
12:15 Uttam : boom boom
12:15 MJ : pdh tag possible @Chief 9860 holds?
12:15 Uttam : new highs in BNF
12:15 Himanshu : UG – Brommm Brommm – so take your Jawa to 9988
12:17 Chandu : RE cmng in bnf uttam?
12:17 Uttam : doen – (11:28) Uttam : BNF could give a test of DH looks like
12:19 Govind : +1 Uttam, take out that PDH now
12:19 Chetas : want 19600 BNF 🙂
12:20 Chetas : *20600 bnf 🙂
12:26 Uttam : one test of 19980 and then boom boom will be nice
12:27 Shai : shou,kd test 9827/30 sl abv 9885 NF
12:39 Shai : SL hit in that NF short
12:39 Uttam : boom boom coming?
12:41 Uttam : G side hgih again today
12:43 Shai : BNF pushing this
12:43 Uttam : yes Shai 🙂
12:44 MJ : 9862 9902 small scalp done.
12:45 Avinash : +1 MJ
12:46 MJ : Thanks Avi.
12:46 MJ : done pdh tag nf too!
12:46 Uttam : (12:39) Uttam : boom boom coming?
12:47 Shai : 9963 buyers now covering
12:48 Shai : 9863*
12:51 Uttam : BNF almost tags 1.5 IB
12:51 MJ : Yes chief and that 45K red on 5min he was going to get in trouble it once buyers were in control.
12:52 MJ : Satisfying day. 3 trades. All long sides. Stayed with bias that I developed through the day.
12:54 SagarK : Shai grren candles with red COT , is this confirmation of profit booking? how we can read this
12:54 K2dt : we r now out of bear mkt gents
12:54 Prateeek : congrats MJ.
12:54 K2dt : <20% from top.. above 9944
12:55 Shai : yes profits taken – (12:54) SagarK : Shai grren candles with red COT , is this confirmation of profit booking? how we can read this
12:55 Uttam : BNF still looking good
12:55 Uttam : for morew
12:56 SagarK : thanks Shai
12:58 Uttam : fresh boom
12:58 Uttam : Bops doing this
12:58 Uttam : his fav H wala hammer
12:58 Himanshu : Hmm
12:58 Uttam : 9939 is 1,5 IB
12:59 MJ : Thanks Prateeek.
12:59 Shai : disc flipped
12:59 Himanshu : 98 K green
12:59 Himanshu : Chief this will take it higher
13:00 Uttam : both complete 1.5 IB
13:00 Himanshu : 98k green disppeared
13:00 Avinash : Zeros
13:00 Uttam : 9944 nice number 🙂
13:00 MJ : 9944.4
13:01 Suresh : 0's at top
13:01 Uttam : jayega
13:01 Uttam : gaya
13:02 Uttam : abki baar 10hazaar?
13:02 Ankit Maheshwari : Porfit booking started
13:02 Uttam : 1L red
13:02 Himanshu : 9988
13:04 Shai : 9958 F sl for these shorts in nNF, cmp 9933 tgt 9901/ 9876
13:11 Shai : 9906 – (13:04) Shai : 9958 F sl for these shorts in nNF, cmp 9933 tgt 9901/ 9876
13:11 Shai : 1 done
13:11 Uttam : +1
13:11 MJ : +1 chief.
13:12 Ketan : +sahi
13:12 Ketan : +shai
13:12 Fenil : +1
13:12 Avinash : +1 Shai
13:12 MJ : disc now 30 odd pts.
13:13 Shai : sl at 9937 on rest
13:18 KK : Although I am not trading as DT done and decided but 9855 is a good entry , Shai, considering positive bias.
13:18 KK : ?
13:18 Shai : yes or play mean revert per COT
13:20 Chetas : shai BN has not et taken out the May 1st A period singes , do you see it has strength now to do it?
13:20 KK : 9948 is 1.5 IB, why would it stop there and come back to VWAP, if at all ?
13:21 MJ : Shai as per your message last week in anticipation of 9960, we did 9948 within t+5 days 🙂 _/\_
13:22 Shai : taking out 4th May now- (13:20) Chetas : shai BN has not et taken out the May 1st A period singes , do you see it has strength now to do it?
13:23 Shai : I see BNF as a slow grind up in development mode
13:25 Raunaq : does it mean that there will be no fresh business until that singles taken out in BNF?
13:26 KK : IBH support in NF
13:30 MJ : +1 kk. IB there too.
13:40 Uttam : IBH always has IB na MJ ;-p
13:41 MJ : You know what I am talking 🙂
13:41 Uttam : I know what I am typing 🙂
13:41 Jitender : 🙂
13:41 MJ : Initiative buyers incase you need clarification.
13:42 Uttam : ahhh thanks
13:42 Shai : fresh business with show in singles in A- (13:25) Raunaq : does it mean that there will be no fresh business until that singles taken out in BNF?
13:42 Shai : or extensions
13:42 Shai : 9935 still holding the line- (13:13) Shai : sl at 9937 on rest
13:43 Shai : That 1 L sell in COT was as clean as they come in NF
13:44 Shai : did 40 below 9935
13:44 Uttam : +1 Shai
13:44 Uttam : (13:02) Uttam : 1L red
13:44 Shai : one of those 95% signals I spoke of – yog te big LLT over 80K and get twice that number as COT
13:44 Shai : *you get*
13:45 MJ : Ah thanks Shai.
13:47 Uttam : I wala ext handle coming?
13:47 Uttam : who will it be first?
13:47 Uttam : Nf or BNF
13:47 Shai : Taken out now
13:48 Shai : something cooking here
13:48 Shai : expectinga spike abv 9942
13:49 Shai : go long abv 9942 for 9991 close sl of 9910
13:58 Himanshu : Ug likes 9988
13:59 Himanshu : Jit – there is presser today by 3 ministers
13:59 MJ : 9992 is 2ib too.
13:59 Govind : spike spike spike
14:01 Uttam : 9999 H
14:03 Himanshu : Govind bolo hari gopal bolo
14:03 Uttam : a) NF needs to sustain above 9790 for a rise to 9810 / 9824-39 / 9858-80 / 9905-20 / 9949-60 & 9990-99
14:06 Chetas : BNf hypos working wonderfull
14:06 Jitender : no idea H…one happened yday
14:06 Jitender : been caught up today
14:08 Srinath null : pp we l
14:09 Chetas : uttam, now above 20430, we can get to 20535/20600 ?
14:09 Shai : Nifty spot desperate for 10000 me thinks
14:09 Uttam : yes Shai
14:09 Shai : (13:48) Shai : something cooking here
14:10 Shai : some 1 driving
14:10 Shai : the twins are outperforming again, but they hardly have weight in index
14:10 MJ : Bajaj twins
14:10 Srinath null : 10000 should act as big resistance rite atleast in the first attempt
14:10 Shai : bajaj fin sv at 5100
14:10 MJ : 🙂
14:10 Shai : Am expecting 7100 plus
14:11 Uttam : (13:02) Uttam : abki baar 10hazaar?
14:11 MJ : +1 chief.
14:11 MJ : Kardo dono ko.
14:11 Shai : +1 Uttam
14:11 Shai : F is dooor
14:11 Shai : they are selling into it
14:12 Jitender : yes
14:13 Uttam : 9966 high in NF
14:13 Uttam : Jit double 69 ;-p
14:13 Jitender : 🙂
14:14 Shai : Exit if in NF longs
14:25 Seshadri : dpoc 9933.. if we go below this that 9904/9884
14:32 Shai : +1
14:35 Suhas : 9966 dedo UG…wil exit ..n shutoff system
14:36 KK : 9966 hi diya to 10K kyon nahi..rukenge thodi wahan se
14:37 Suhas : 9966 Gan Ka number hai kya
14:39 KK : lo DPOC ke niche jaane ki baari
14:40 Uttam : 2:45 wala spike de do bhau log
14:40 Uttam : 3 mins to go
14:41 Uttam : warna bahut maar pedgi 😉
14:41 Uttam : padegi
14:41 KK : 10 min delay 255 wala aayega
14:41 Uttam : can go right back to 9860
14:41 Suhas : ek spike dedo badme maar padne do
14:42 KK : this 18K resolute to help Suhas
14:42 Suhas : 18 nahi 81 chahiye
14:44 KK : Uday Kotak ka Jalwa
14:44 Uttam : 2:45 aa gaya
14:44 Suhas : shais stop was 222 mine was 219 3 point ke liye kitna wt karaya
14:45 KK : Abh chalo 9966 ke paar
14:47 Fenil : candle k baju mn jo figures h wo kya h??
14:48 KK : lo Abh IB bhi likh diya
14:48 Fenil : @Shai
14:49 Fenil : @shai
14:49 KK : bnf spoiled it
14:50 Uttam : 19k red plus 0s at top
14:50 Uttam : there in BNF
14:52 Shai : which one @Fenil- (14:47) Fenil : candle k baju mn jo figures h wo kya h??
14:53 Fenil : current candle 2850/7500/11925 etc
14:54 Uttam : that is the ORder Flow numbers Fenil
14:55 Shai : New base being formed here in NF no thanks to the move in BNF today
14:56 Shai : BNF at april highs
14:56 Shai : shoukd do 20800 from here spot prices
14:56 Govind : that is great news
14:56 Govind : day range also consistenly good
14:57 Shai : For NF 9835 is developed as a support now as strong as the one we saw at 9785 yesterday
14:57 Uttam : my 17500ce did 3k & i exited that straddle at 1800 ;-p
14:57 KK : 9774
14:57 Shai : if we sustain abv it tom we go to 10060/ 101110
14:57 Govind : Wow, congo Uttam
14:58 Uttam : that was last wek Gov
14:58 Uttam : just saying 😉
14:58 Govind : oh ok
14:58 Uttam : lets get that 10k please
14:58 Uttam : same one is at 3k now
14:58 Govind : NF spiking here?
14:58 Uttam : 9999 at least
14:58 Uttam : 55k green at top
14:58 KK : lets go today itself
14:59 KK : 10K to banta hai
14:59 Suhas : 9966 half out
14:59 KK : 10 mins we have
14:59 Uttam : spot to kar ghi dega 😉
15:00 Chintan : LOL ug
15:00 Suhas : Thanx Shai fr last ong call
15:02 KK : BNF ho gaya hai final
15:03 KK : not in a mood to go up..bye
15:03 Uttam : as Tej says looks like bus is overlaoded 😉
15:04 Govind : Tej is missing last 2 days
15:04 Uttam : @Jit we do not want a 9969 high right?
15:04 Uttam : kuch karo
15:05 Himanshu : UG – Sab Aaj karenge to kal kya karenge
15:05 Uttam : 9970 de do H but not 9969 😉
15:05 Himanshu : NF wants to sleep at DPOC –
15:05 Himanshu : needs rest for tom
15:06 Himanshu : Lagta Hain – Daal – Chaval kha liya hai jyada
15:06 K2dt : aamras H 😀
15:06 Himanshu : Yes, Kesar Keri
15:06 K2dt : yup yupp
15:07 Himanshu : Ug – Kal ki bar 10 K par,
15:07 Himanshu : round numbers are jumped in Opening Gap,,
15:08 Uttam : spot still has the time to do it
15:08 Uttam : lets go
15:08 Uttam : kal kare so aaj kar
15:10 Uttam : spot making new hgihs 🙂
15:10 Uttam : je baat
15:11 Uttam : 10k PE monthly seeing writing looks like
15:14 Ankit Maheshwari : NF Fut OI going down since 2PM
15:18 Uttam : 11 mins hai Nifty ke paas
15:18 Uttam : 22 points
15:19 MJ : -70 to -17 that discount.
15:19 MJ : From the start of this series.
15:19 VijayT : UG nf closing at 9969 😉
15:20 Uttam : 9970 aayeja Vijay
15:20 Uttam : boom boom
15:20 Uttam : 9994 spot
15:21 VijayT : +1
15:22 Chetas : 9920- 9951 spot was the earlier support zone, we are closing above it after 13th March
15:22 Shai : disc down to -12
15:23 Rajiv Ohri : Shai both closing at dvah. Gap up coming?
15:23 SagarK : uttam bro 10k CE writers , will they get sleep tonight ):
15:23 Sanjeet : can we buy ce in that case and keep
15:24 Uttam : 9970 bhi aa gaya in NF
15:24 Uttam : now I can zsleep peacefully
15:24 VijayT : 🙂
15:24 Uttam : 9977 is nice
15:25 Chetas : uttam, is this a DD profile ?
15:25 MJ : 9944 9966 9977 if anyone noticed those higher highs today.
15:25 Uttam : BNF can call is a DD Chetas
15:26 Uttam : else both are Normal Variation
15:26 Uttam : 9944.4 it was MJ
15:26 Uttam : you only corrected me
15:26 MJ : Right yo!
15:27 MJ : Bhavnao samjo. 🙂
15:27 Uttam : 9999 aa jaye bas spot mein
15:27 MJ : Ye bhi sahi hai.
15:28 Uttam : greens into close
15:28 MJ : Bye all, have a nice evening.
15:28 Uttam : just in time….9995.6
15:29 Uttam : 9988 NF
15:29 Shai : 🙂
15:29 Uttam : gap up mostly
15:29 Shai : so much for Mooody's 🙂
15:29 Shai : Bye all
15:29 Himanshu : Bye
15:29 Shai : Have a nice evening
15:29 Sachith : bye everyone
15:29 Govind : moodys should be downgraded
15:29 Ankit Maheshwari : Like I said LIC will prove them wrong
15:29 Uttam : lol this had to happen Shai
15:29 Giridhar Gowravajhal : Bye all
15:29 Himanshu : yes Moody's dumped – if FII figure is positive
15:29 Ankit Maheshwari : Lets wait for participants data to confirm
15:29 Uttam : thanks All 🙂
15:30 Sanjeet : bye
15:30 Uttam : have a lovely evening
15:30 Avinash : Bye Everyone
15:30 Himanshu : Bye Chief- UG – Jit – MJ- GOv- Kusha;
15:30 Himanshu : all here
15:30 Himanshu : Rain has reached .. Baroda – Cool breeze of Cyclone Nisarga ,,
15:32 Govind : Bye H
15:37 Manoj2525 : Hi Himanshu ? Are you from baroda ?