Many traders are used to viewing volume as a histogram beneath a price chart. This approach shows the amount of volume traded below the price Bar. The Order Flow approach is to see the Volume traded inside or within the price bar, an important distinction.
Order Flow trading is thinking about what order market participants do and when you think along this, you can anticipate what kind of action they will be taking in the market. This is a very important concept in Order Flow.
NF
BNF
Room Chat
08:54 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/795099557
08:55 Vtrender Live : 5 min charts – https://join.me/287-266-381
08:56 Vtrender Live : 5 min charta of BNF, password vtrender – https://zoom.us/j/8647754588?pwd=U0xCYytWSWc4cE9Fd3RYS2xwZzJ6UT09
08:58 Shai : GM all
08:58 SureshM : GM
08:59 Muralidhar : GM all…
08:59 Manik : GM all
08:59 Tejaswini : gm all
09:00 Vyom : gm all
09:01 Manikandan : GM all
09:01 Suresh : GM Team
09:02 Himanshu : GM all
09:04 Ankush Jain : ZOHO room will be on today?
09:05 Uttam : Good Morning All 🙂
09:06 Vtrender Live : room bACKUP – https://meeting.zoho.in/meeting/join?key=1360596494
09:07 Shashidhar : Good Morning All
09:07 Shai : 11485 higher ref line for the open today
09:07 Shai : Auction will start weak below FA lows of 11445
09:08 Shai : FA rules apply below 11445 with sl abv 11485 on day
09:08 Shai : supp at 11349 and 11290
09:08 Uttam : 1 ATR down from that FA comes to 11303 & 11305 is also a vpoc in NF
09:08 Shai : BNF supp at 23085
09:08 Shai : 23600 would be supply zone
09:09 Shai : Gap down open will trap longs of wed and thurs and option writers
09:09 Shai : trade accordingly
09:10 Tejpreet : GM All.
09:10 Manik : Shai I could not find specific rules for FA in traning library.. is there a place I can find them?
09:11 Ankush Jain : I was also searching for them
09:12 Sadees : https://vtrender.com/of-failed-auctions-and-revisits/
09:12 Muralidhar : Some are there in Shai’s Blog…. Musings on Market Profile
09:14 Muralidhar : https://vtrender.com/random-musings-on-market-profile/
09:16 Manik : thanks
09:16 Tejaswini : not a open drive down today?
09:17 Uttam : lets see how the volumes are at end of 15mins
09:17 Uttam : so far they are good
09:17 Rajesh G : ug support level
09:17 Rajesh G : bnf
09:17 Uttam : 0s at lows in NF for now
09:18 Uttam : 11345 also a vpoc in NF
09:18 Uttam : BNF weak below 22956
09:18 Uttam : can do 22444 today
09:18 Uttam : 1000 pointer from yesterday
09:19 Uttam : 22800 a vpoc in it
09:20 Uttam : 23100 ref on upside in BNF for now as 0s from there
09:21 Shai : mon lows were at 11350
09:21 Uttam : 23000 immediate point
09:21 Uttam : yep
09:21 Shai : 23371 in BNF
09:22 Ankush Jain : we teststed the lows
09:22 Ankush Jain : in NF
09:23 Shai : 11415 early morning supply
09:25 Tejaswini : Todays low= Mon low. Does it sound mechanical and hence weak?
09:26 Munish : 23371, should we enter a long here in BNF then?
09:26 Munish : As in right now?
09:26 Shai : lows are not secure
09:26 Shai : long?
09:27 Uttam : NF can go for 11250 today Shai?
09:27 Shai : open is OTF down. what are the rules regarding OTF mentioned in the TL?
09:27 Shai : we raise new shorts if 11334 is broken in B or D
09:28 Shai : or later
09:28 Rajesh : gap is invisible selling tail
09:28 Shai : for now can turn into OAOR
09:29 Prashant : 11334 or 11354?
09:30 Muralidhar : @Shai is it not 11354?
09:30 Ashwath : let it OAOR for sometime and then fall.. 🙂 so we get better price in option 🙂
09:31 Shai : 11334
09:32 Shai : 11334- 11416 raneg am watching fill noon
09:33 Naresh Dubbudu : COT changing in NF?
09:33 Muralidhar : @Shai why is 11334 significant?
09:33 SandeepP : ug is this open drive down ? can i take heavy position till 315 pm ?
09:33 SandeepP : @shai ?
09:34 SandeepP : or wait for c period ?
09:34 Uttam : this is an OAOR Sandeep
09:34 Uttam : please go through rules for this kind of open
09:34 Uttam : we need to save both trading as well as emotional capital on opens like this
09:35 Uttam : wait for the next sign to go short & as Shai always says never trade blind
09:35 Uttam : we have OF
09:35 Uttam : watch this range – (09:32) Shai : 11334- 11416 raneg am watching fill noon
09:35 Suresh : perfect
09:36 SandeepP : OAOR ?
09:36 SandeepP : damn
09:36 Rajiv Ohri : Hi! nos on BNF not visible. Can the focus be aligned
09:37 Suresh : now better
09:37 Uttam : we have opened 159 point down so auction needs to catch its breath before making the next move
09:39 Nishanth : Compared to Dow and Nasdaq yesterday Nifty is faring much better!
09:39 Ashwath : @Uttam – HBD to Siddhi from my side. 🙂
09:39 SandeepP : ok chart i am looking at shows a big red candle with open = high so i thought it to be open drive , kite trading view
09:39 Uttam : @Shai can we take BNF high as 23120 for now? as no vols above it
09:41 Shai : yes
09:41 Uttam : thanks
09:47 Rajiv Ohri : what is that 41 K doing on top in NF
09:48 Arjun : is it ORR or late for that ?
09:48 Uttam : OAOR
09:48 Arjun : ok. thx
09:49 Uttam : 11463 coming above 11420
09:49 Uttam : BNF can tag 23324
09:49 Uttam : late shorts getting hurt
09:50 Ankush Jain : NF up with -ve COT
09:50 Shashidhar : and 0 on the top
09:50 Uttam : right here – (09:32) Shai : 11334- 11416 raneg am watching fill noon
09:51 Munish : Can those 2 0s signify end of trend?
09:51 Uttam : let this bar get over
09:52 Munish : Right
09:52 Uttam : reds surely adding up here though
09:52 Shai : short NF below 11398 sl of 11419 tgt 11350/ 11334. shirt below
09:53 Muralidhar : @UG there were 000s at 11354 and now at 11416…. was this not a Long Trade?
09:53 Shai : there are only 2 rwos at top in 0’s
09:53 Shai : I look for 5 or more
09:53 Muralidhar : Thanx
09:54 Shai : open 5 min 0’s are not considered
09:54 Munish : Alright, thanks Shai
09:54 Uttam : whenever we get 0s we need to stay below the POC of that bar to confrim more weakness
09:54 Uttam : here we are above it
09:54 Muralidhar : Okay
09:54 Ankush Jain : -ve COT again
09:54 Shai : end of auction visisble now
09:55 Shai : look for conf
09:55 SandeepP : end of dowanward auction ?
09:55 Prashant : upward
09:58 Shai : 11400 pe to watch
09:58 Shai : prem is good
09:58 Shai : And they have not reduced on the gap down
09:58 Uttam : in fact OI rising
09:58 Shai : 100 is big supp
09:58 Shai : 154 res
09:58 Nishanth : OI more than yesterday closing now
09:59 Nishanth : on NF
09:59 Shai : 09:09) Shai : Gap down open will trap longs of wed and thurs and option writers(09:09) Shai : trade accordingly
09:59 Shai : our play is in it
09:59 Suresh : ok chief
10:00 Shai : yesterday’s wrirting is at 60
10:00 Uttam : wow
10:01 Rajesh G : shai should we short below 98
10:02 Naresh Dubbudu : NF COT clearly red.
10:02 Shai : 20 down- (09:54) Shai : end of auction visisble now
10:02 Shai : but we talke a conservative view here
10:02 Shai : Orderflow !!
10:04 Ankush Jain : Shai when u say shrt below 398, how much filter we should give?
10:04 Muralidhar : NF in
10:05 Rajiv Ohri : shorts in?
10:05 Ankush Jain : in
10:05 Muralidhar : Yes NF Short in
10:06 Tejaswini : in
10:06 Muralidhar : TGT 11355
10:06 Nishanth : Me too in
10:06 Nishanth : BTW a basic question. The volumes we see that is lot count or unit count eg: 1 lot has 75 units right
10:07 Prashant : All 5s and 0s, so multiple of 75
10:07 Nishanth : ok.. makes sense.. thanks
10:08 Shai : volume based
10:08 Shai : quick question – do you want it contract wise?
10:08 Rajesh G : no
10:08 RiteshM : NO
10:09 Muralidhar : @Shai that will be more logical…
10:09 Ankush Jain : its fine’
10:10 Ankush Jain : NSE new site is contract based and looks so confusing
10:11 SandeepP : ug srry my kite chart seems f’d up it was really showing open drive types … not when i relogin it shows a gap down doji / hanging man
10:11 SandeepP : good i dint short i was thiknign about taking 100 lots
10:11 SandeepP : nifty*
10:13 Nishanth : what % of your usual trading size is that?
10:13 Naresh Dubbudu : I feel NF could under perform BNF from here.
10:13 SandeepP : i usually take 10 lots
10:13 Nishanth : ok
10:13 SandeepP : once i saw open drive from the course i saw examples where it ends up most of the time at the other end
10:13 SandeepP : i wanted to make max of it
10:14 SandeepP : its anyway mis types order
10:14 Tejpreet : Uttam giving C side in NF .
10:14 Muralidhar : @UG looks like it will be a C side Extn and then Novices trapped…
10:15 Rajiv Ohri : C and then K!
10:15 Rajiv Ohri : But the problem with that will be that NF shorts SL would go 🙁
10:16 Shashidhar : 11350 is Monday Low and almost today low, if it breaches could be much down right Shai?
10:16 Yashasvi bhuta : can some one please post the link for failed auction in slack please
10:16 Yashasvi bhuta : hello
10:20 Shai : go through most read section on forum
10:20 Shai : has all imp links there
10:23 Shashidhar : First IS of the day
10:24 Tejaswini : Should we wait for extension?
10:25 Tejaswini : or size it up when extension happens?
10:26 Himanshu : chief-
10:26 Himanshu : InBNF zoom – 5 minute – vertical -TPO line needs to be adjusted as per TPO
10:26 Shai : still looking for that break below 11397
10:27 Himanshu : Not in sync with Join me NF chart
10:27 Shai : Thanks H
10:27 Himanshu : Thx Sir
10:27 Shai : Guys on sizing – https://vtrender.com/risk-management-on-calls/
10:27 Shai : Please read
10:28 Tejaswini : thanks chief
10:28 Shai : I don;t want you to make money on 10 trades and lose all 1 i day
10:28 Shai : I have seen manay new comers like that
10:28 Shai : discipline yourselves
10:29 Shai : consistent sizing on all trades
10:29 Uttam : +100
10:29 Shai : 1 to 3% is our reco on capital
10:29 Uttam : most important aspect in trading
10:29 Suresh : got it..
10:29 Muralidhar : +1000
10:29 Govind : +100 Shai!!
10:29 Shai : if you are experiencing huge MTM swings both plus and minus you are not trading right sizes
10:30 Tejaswini : got that break below 97 chief. in
10:30 Shai : staright 20 below vwap should come
10:30 Muralidhar : NF DVAH broken
10:30 Nishanth : @Shai should it happen with good volume?
10:33 Govind : Shai, is that 22990 a VPOC marker? in the MP charts?
10:34 Uttam : 0s at vwap
10:38 Aditya09 : 39 k stuck?
10:38 Shai : sl orders
10:38 Aditya09 : ok
10:40 Shai : @Gov- 2 large similar vols in BNF at the 2 dpocs
10:40 Shai : mostly simialr less that 50 cintracts apart
10:41 Govind : Ok Shai, thanks and looks like that is the dval for now as well.
10:41 Govind : or very close
10:50 Prashant : test
10:50 Arjun : test of ?
10:50 Muralidhar : @Shai how did you calculate 11415 is the Supply?
10:51 Suresh : +1
10:51 Tejaswini : A lot of people were keen to shorts this market looking at US yesterday. Even if this market has to go down, weak shorts should get wiped first?? or have they already..
10:59 Ankush Jain : Idea investment not clear
11:03 Ankush Jain : OAOR?
11:05 Shai : Monday OF – (10:50) Muralidhar : @Shai how did you calculate 11415 is the Supply?
11:05 Muralidhar : Thanks
11:05 Shai : All the info we ever need is on the charts, alll we have to do is find the right ones
11:06 Vishnu : shai bnf view?
11:06 Shai : 23370 suplly for day
11:06 Ankush Jain : Shai 11415 is tagged on chrts?
11:07 Nishanth : Volume is so low for so long in NF
11:07 Ankush Jain : we have to go bk to see I suppose
11:09 Muralidhar : @Shai was it the 30 POC 11411+filter=11415
11:12 Rajiv Ohri : Shai shorts are still on , if in
11:14 Shai : Nf stopped\
11:14 Shai : Make exits
11:14 Muralidhar : @Shai will we now look for D period Longs/
11:20 Tejaswini : @Shai do we institutional presence today?
11:21 SandeepP : no
11:21 SandeepP : not so far
11:22 Tejaswini : thanx SP
11:22 SandeepP : lets wait for shai comment since that is my understanding i amy be wrong
11:22 Nishanth : Is that a failed auction at 11523?
11:22 Nishanth : sorry 11423
11:24 Sadees : FA gets confirmed when IB low is visited
11:25 Nishanth : ok
11:26 Tejaswini : 83k red at 421. COT is big red too
11:30 Prashant : @83k, was just beyond the day’s high so probably are buy stops which were sold into.
11:31 Arjun : you mean buy target?
11:32 Prashant : @ me?
11:33 Vishnu : uttam happy birthday to your daughter .
11:33 Arjun : @prashant – my question was if a buyer is the one selling @83k . it is like profit booking . Why will it SL ?
11:35 Arjun : Happy Birthdaay Uttam to your daughter . wishing her an amazing day
11:35 Prashant : What I meant was that beyond the daily high, shorts would have their SL. So if I want to sell I may even try to buy so as to mve the price up and then sell into their higher buy stops. So seller selling into the buys orders entered as stop losses. I think so.
11:35 Suren : @uttam Convey my happy birthday wishes to your daughter.
11:36 Tejaswini : @prashant that was a good observation
11:36 Rahul : Uttam God bless her and My best wishes her.
11:37 Arjun : @prashant thx.
11:37 Prashant : I could be wrong though..
11:38 Shai : 11400 pe aggressive buy with 101 as sl cmp 109
11:38 Shai : tgt 130
11:38 Shai : Aggressive is smal qty
11:39 Shai : NF – gap down is OTF sellers
11:39 Shai : NF- stay abv vwap – is day time frame buyers
11:40 Shai : shorts have to break vwap for control of day
11:42 Vishnu : and need good cot in addition shai?
11:43 Vishnu : both have strong A period singles at low and vwap holding.
11:43 Manik : Shai with expectation of lower opening, could short time frames not be willing to liquidate (panic seling) and OTF buyers buying responsively as prices below value?
11:45 RiteshM : happy Birthday Uttam
11:45 Manik : also price based traders selling agressively seeing prices moving lower
11:48 Shai : our morning sl was hunted by obver eager buyer
11:48 Suresh : yep
11:48 Shai : that 83K is a reset at 11.50
11:48 Nishanth : should we enter again short Shai?
11:48 Shai : we see if this sustains below vwap
11:48 Nishanth : ok
11:49 Shai : (11:38) Shai : 11400 pe aggressive buy with 101 as sl cmp 109(11:38) Shai : tgt 130
11:49 Shai : those who missed add below vwap
11:57 Uttam : thanks so much guys for the wishes 🙂 _/\_
11:57 Uttam : are we getting some action in G period?
11:57 Uttam : OAOR
11:57 Shai : Bring the cake – we will get 🙂
11:57 Vyom : Best wishes Uttam..:)
11:57 Shai : vwap- ref guys
11:57 Uttam : lol cake is alreayd here Shai 🙂
11:58 Suresh : Hehe H Birthday Uttam 🙂 ..
11:58 Uttam : thanks so much Vyom
11:58 Bhupinder : Happy B’day Uttam
11:58 Tejaswini : best wishes UG
11:58 Yashasvi bhuta : happy birthdsy
11:58 Uttam : sirji its my daugthers birthday 🙂 thanks anyways
11:58 Kaustubh : Best wishes UG
11:58 Suresh : Blessings & Wishes to Her then 🙂
11:59 Aditya09 : happy birthday to her ug. aaj market mein dhamaal karwado
11:59 Prashant : Best wishes Uttam..
11:59 Uttam : thanks so much everyone 🙂 _/\_ truly overwhelmed by so many wishes & blessings for her
12:00 Suresh : DAMN – No good Volumes anyside
12:00 Uttam : dhamaal to overnight hi ho gaya na 😉 – (11:59) Aditya09 : happy birthday to her ug. aaj market mein dhamaal karwado
12:00 Uttam : but OAOR plus Friday so can get a good move in the afternoon
12:00 Suresh : sounds like.. silence before BOOM
12:00 Uttam : be hooked on guys
12:00 Arjun : BOOM or DOOM ? 😉
12:01 Shai : 118- (11:49) Shai : (11:38) Shai : 11400 pe aggressive buy with 101 as sl cmp 109(11:38) Shai : tgt 130
12:01 Shai : sl at cost now
12:01 Favas : ug happy birthday to ur daughter
12:02 Uttam : thanks so much Favas
12:03 Himanshu : UG – HBD to your doughter
12:03 Uttam : thanks H
12:03 Himanshu : And I want ride on that scooter –
12:03 Uttam : anytime H 😉
12:03 Uttam : both getting stuck reds below vwap
12:03 Uttam : LIC in today H>
12:03 Uttam : ?
12:03 Himanshu : 23150 – ke uppar 200 point
12:03 Himanshu : yes
12:03 Himanshu : I paid premium yesterdayt
12:03 Fenil : lol
12:03 Himanshu : and told them to protect 23k
12:04 Himanshu : or else whole my extedned fly will move to ICICI pru
12:04 Himanshu : They were bagging..
12:04 Himanshu : They said give us 2 days –
12:05 Himanshu : we wil try composite way
12:05 Aditya09 : bn rb +ib
12:05 Himanshu : haha
12:08 Ankush Jain : coiling between IBH & vwap
12:13 Uttam : G period is here
12:13 Uttam : lets Go 😉
12:15 Shashidhar : gone
12:15 Himanshu : sabash beta
12:15 Arjun : this is called punctuality 😉
12:15 Uttam : 40k green in BNF
12:15 Uttam : 23201
12:16 Himanshu : Phenk do 23300 ko Ug
12:18 Shai : next round of selling we do below 11390 and vwap
12:18 Shai : just let this play out
12:18 Shai : OAOR in NF not staying below vwap is the only stranger here
12:18 Shai : but one mopve still left in this profile
12:19 Vyom : Shai what shud be stop loss for positional shorts? shud it be FA level of 11435 or so?
12:19 Shai : 11485 better for positiinal
12:19 Vyom : ok Shai thanks
12:19 Arjun : at what price there will be short covering ?
12:20 Shai : Abv 11435
12:20 Arjun : ok. thx
12:21 Sadees : shai, the left move is rotational one to IB low?
12:22 Uttam : A period singles holding on
12:22 Uttam : in both
12:22 Uttam : OI continues to rise in that 11400pe
12:23 Uttam : both have 19.5L now
12:24 Uttam : G ka dhamaal
12:24 Vyom : 0s at top in nifty?
12:24 Uttam : 1L red also
12:24 Vyom : ya
12:25 Uttam : another 25k green in BNF
12:26 Uttam : CE not making new highs here
12:26 Tejaswini : 0’s at top nf
12:26 Shai : vwap coming
12:28 Ankush Jain : decent volumes with -1l COT
12:28 Nishanth : Yes decent volumes now
12:28 Manik : Shai/ UG COT is the same as Delta
12:28 Manik : right
12:29 Vyom : Shai 0s right at FA levels
12:29 Shai : can 1L seller break vwap?
12:29 Shai : vwap is easy setup
12:30 Uttam : no Manik – (12:28) Manik : Shai/ UG COT is the same as Delta
12:30 Shai : traick is below vwap
12:30 Uttam : COT is total buying minus selling of the bar
12:30 Manik : its buyers – sellers
12:30 Manik : both COT and delta
12:30 Uttam : whereas delta is only the market orders
12:30 Manik : just calculated on every bar
12:30 Shai : done(12:26) Shai : vwap coming
12:31 Shai : 107 to 117 again in 11400 pe
12:31 Uttam : 11300pe – 72-78
12:31 Ankush Jain : yes Shai
12:31 Tejpreet : perfect trade +100 …98 to 118 1in 114k pe
12:31 MJ : Photo finish those Zeros @Shai 🙂
12:32 Uttam : +1
12:32 Shai : too good Tej
12:32 Uttam : IS at vwap forming
12:32 Shai : you are quick
12:32 MJ : Let’s get more
12:32 Shai : chalo now
12:32 Uttam : awesome Tej
12:32 Tejpreet : chief 2 orders 98 an 90 in system
12:32 Shai : good
12:32 Tejpreet : tks chief and Uttam
12:32 Shai : I msised 101 amd 104 finally git in 106
12:32 Tejpreet : looking for that 130 now in it.
12:32 Vyom : Tej is really Tej
12:33 Uttam : FA at 11435 will be nice
12:33 Tejpreet : +1
12:33 Tejpreet : tks Vyom
12:33 Vyom : Uttam what happens if there are 2 FAs around same level
12:33 Tejaswini : rode 300pe from 71 to 80. stalling at vwap so exited
12:33 Vyom : i mean what does it signify
12:33 Uttam : it hits the 1 atr down from there 🙂
12:33 Vyom : ok…
12:34 Uttam : 11280-250 I am looking for today
12:34 Vyom : ATR how do we determine
12:34 Uttam : i take the 15 day average
12:34 Ankush Jain : RS, IS, 0’s, -ve COT
12:34 Ankush Jain : anything more ?
12:34 Ankush Jain : 🙂
12:35 Ankush Jain : but vwap still holding
12:35 Rajiv Ohri : common follow thru now
12:35 Munish : Yeah, not enough volume when it tests VWAP
12:35 Tejpreet : Ankush need to sustain below vwap for the perfect trade
12:36 Ankush Jain : yups
12:36 Himanshu : first trade – 23500 CE – 275- 242
12:37 Tejaswini : Europe lower was the trigger
12:37 Himanshu : UG – for many days – or may be is the way market auction
12:38 Himanshu : once there is some imbalance in seller side – next tick moves away –
12:38 Himanshu : meaning it keeps traping – sellers and buyers both –
12:38 Shai : 11416 trailing
12:38 Shai : Always be alert in G
12:39 Shai : A backtest report I completed on the probability of 0’s apperaing showed max o’s coming in G on OAOR and OAIR days
12:39 Tejpreet : And Shai the probability of then being not taken out 🙂
12:40 Shai : has been 97%
12:40 Tejpreet : whoa
12:40 Suresh : wow
12:40 Vyom : great
12:40 Himanshu : So – chief you mean – Zeros are indication for side to be in
12:40 Shai : Aaahaa- good Morning 🙂
12:41 Uttam : lol
12:41 Tejpreet : haha
12:41 Nishanth : 🙂
12:41 MJ : *sends coffee to himanshu*
12:41 Himanshu : Arey bhai log – kyon meri le rahe ho
12:41 Uttam : market nahi de raha na 😉
12:41 Himanshu : I am asking to double confirm
12:41 Himanshu : haha
12:41 Shai : yes Sir
12:42 Shai : Think we caught you sleeping :in class 🙂
12:42 Himanshu : Jo Hukum Sarkar
12:42 Shai : lol- j/ joiking
12:42 Suresh : 🙂
12:42 Uttam : punishment is beer for rest of us tonight 😉
12:42 MJ : Imagining Shai throwing a chalk.
12:42 Himanshu : haha
12:42 Rajiv Ohri : 🙂
12:42 Shai : All that selling below vwap is late
12:43 Himanshu : Ug – Coconut water can be sent
12:43 Shai : hence move curtailed
12:43 Shai : 11429 guy is the big winner
12:43 MJ : With 0’s till they are taken out.
12:43 MJ : My take away from all the 0’s observation for months.
12:43 Himanshu : 11429.95
12:43 Himanshu : seems machine order
12:44 Himanshu : MJ – BNF still has itch left
12:45 Uttam : those late shorts need to be taken out
12:45 Naresh Dubbudu : BNF wants to go up. NF stalling.
12:46 Uttam : ‘p’ profile in both
12:49 Himanshu : Ug – think NF guys know som ething
12:49 Uttam : 11463
12:49 Himanshu : if they take out seller
12:50 MJ : Yes himanshu.
12:50 MJ : Bossman mentioned late selling below vwap under water.
12:50 Shai : All this green is them coming out
12:51 MJ : +1 chief.
12:51 Tejpreet : +1 Shai
12:51 Uttam : yep
12:52 Uttam : (12:45) Uttam : those late shorts need to be taken out
12:52 Shai : +1
12:52 Shai : next time it carcks vwap- there will be 0’s
12:52 Shai : 🙂
12:53 Nishanth : Is it checking the strength of sellers in the market?
12:53 MJ : Chief. Above 0’s & 445 can go back to 485?
12:53 Uttam : boom boom
12:54 Tejpreet : 0 matched with 0
12:54 Himanshu : Gaya BC
12:54 MJ : chalo chalo
12:54 Himanshu : Seems he sold mpre
12:54 Himanshu : more
12:54 Suresh : 36k red bank nifty
12:55 Uttam : (09:49) Uttam : 11463 coming above 11420
12:55 Uttam : that FA tagged 11445
12:55 Shai : stay bback in this- has 0’s 2 sides
12:55 Himanshu : BNF – screwed that NF seller
12:56 Uttam : (09:49) Uttam : BNF can tag 23324
12:56 Uttam : 23328
12:56 Ankush Jain : +!
12:56 Rajesh G : charts stuck
12:56 Uttam : those big greens we saw in BNF booking looks like
12:57 Uttam : 11400ce OI strart to drop
12:57 Uttam : H wala hammer move here
13:00 Uttam : 11463 then 11485
13:00 MJ : Lo ji 🙂
13:00 MJ : Karara move 🙂
13:00 Prashant : Bias is long now?
13:01 Tejpreet : 123 to 135 114 k ce , finally dt done
13:01 Uttam : congo Tej
13:01 Uttam : that CE was a buy above 120.3
13:01 Naresh Dubbudu : Bias was long. Not sure if I can say IS
13:01 MJ : TP, you are a machine.
13:01 MJ : Cheers.
13:01 Uttam : had not made new hgihs when NF did in the first attemot
13:01 Naresh Dubbudu : 1 DT done.
13:01 Himanshu : PWL was 23371
13:01 Uttam : congo N
13:02 Uttam : Monday low it was H 23371
13:02 Tejpreet : tks Uttam ….no machine Shai did say above 435 sc 😉
13:02 Rajiv Ohri : this red at DH all booking done for the day.
13:02 Rajiv Ohri : ?
13:02 Shai : yes
13:02 Shai : neutral here
13:02 Shai : no pos open
13:05 Rajiv Ohri : BNF back in IB would be a short Shai
13:06 Rajiv Ohri : Of cource based on the OF
13:06 Uttam : 0s at 11427 in NF & at 23245 in BNF
13:07 Shai : prem switch also
13:07 Shai : +18 now from +3
13:07 Shai : was expecting these reds near 11475-85
13:08 Shai : not easy now here
13:08 Shai : if you are in green, be conservative and trade less
13:08 Yashasvi bhuta : ok
13:08 Shai : others avoid
13:09 Uttam : BNF
13:09 Uttam : looking to close the gap
13:13 Tejpreet : Uttam any plans for putting up the green hypos 🙂
13:13 Uttam : above 11530 & 23514
13:13 Tejpreet : +100
13:14 Uttam : 11465 done in NF
13:15 Uttam : hvn of 11485 calling above it
13:15 Uttam : no fresh reds here
13:15 Uttam : supply khatm ho gaya?
13:17 Uttam : 23453 then 23547 in BNF
13:19 SandeepP : woooohoohoohohooh
13:19 Uttam : if 11485 crossed then NF can do 11500-511
13:19 Tejpreet : green hypos :0
13:20 Uttam : BNF can get wild so put them up Tej 😉
13:20 Uttam : NF still has lot do do though
13:20 Naresh Dubbudu : BNF can outperform NF in next 2 hours,
13:22 MJ : nf at 3sd band
13:22 Uttam : @Sandeep it was a MP set up whcih told us in the morning not to short in the gap down & it is the profile which showed A period singles at lows so please work on the concepts
13:22 MJ : the highs.
13:29 Govind : Uttam, 23514 and then 713 🙂 SPX is having a vertical move
13:29 Uttam : crazy
13:29 Uttam : BNF can get wild
13:29 Govind : She is a wild girl
13:30 Uttam : can even do 24k again
13:30 Uttam : Friday night too ;-p
13:30 Govind : party mode eh
13:30 Govind : just 12 points to close the gap
13:30 Uttam : lets see what the afternoon has in hold
13:32 SandeepP : is there concept of gap close in MP ? @ ug ?
13:32 SandeepP : atleast for now gap is closed
13:32 Uttam : open type
13:32 Uttam : we focus on the open
13:34 K2dt : UG wat is IB DOP in bnf chart at 23300?
13:34 Uttam : Day open price
13:34 Uttam : DOP
13:34 K2dt : +1 thnks
13:37 Uttam : ghar wapasi?
13:37 Uttam : testing G period highs
13:38 K2dt : pullback ko pullback jitna rakho bnf bhai :p
13:38 K2dt : ya behen..
13:40 Uttam : 11435 low in this dip so far
13:41 Uttam : needs to break bellow for vwap test
13:41 Rajiv Ohri : UG reds in BNF below IBH.
13:41 Shai : imp period in NF
13:41 Shai : 11425- 11435
13:41 Shai : decides the clsoe
13:44 SandeepP : y ?
13:44 Shai : IBH
13:45 SandeepP : tx
13:55 Ankush Jain : NF retreaded from vwap of 1st & 2nd August
13:56 Shai : +1
13:58 Rajiv Ohri : 11435 is being protected. Second time now?
13:59 Shai : (09:07) Shai : 11485 higher ref line for the open today
14:00 Vyom : 0s in bnf
14:00 MJ : +1 chief.
14:00 MJ : Also 3sd when nf hit dhi.
14:06 Shai : stay sharp into K
14:06 Shai : watching this still- (13:41) Shai : 11425- 11435
14:07 Tejaswini : could it be a b profile today?
14:13 Shai : no
14:13 Ankush Jain : vwap cometh again
14:15 Munish : @Shai, seems like 11425 might be taken out, short here?
14:16 Munish : VWAP at 413
14:17 Tejpreet : last punt of the day 450 ce 87 odd 8 point sl 50% qty.
14:20 Uttam : profile filling done looks like in NF
14:20 Uttam : lets go for the spike now
14:20 Uttam : vwap holding
14:20 Munish : Spike upside or downside? XD
14:21 Naresh Dubbudu : Upside.
14:21 Naresh Dubbudu : But I am not confident.
14:22 Naresh Dubbudu : or did UG mean downward?
14:23 Shai : 11386 below 11410 sl of 11427
14:23 Shai : one test shoukld come in K
14:24 Shai : could have shorted here with sl abv 11465 but vwap is difficult for sellers today
14:27 Shai : 11391
14:27 Shai : easy 20
14:27 Shai : 102 to 115 in 11400 pew
14:27 Shai : told you !!
14:27 Ankush Jain : hold or book?
14:27 Munish : @Naresh hoping for upward spike would have been dangerous
14:27 Shai : break 11385 we get 11350
14:27 Yaghesh : +1 shai
14:27 Shai : Book half here
14:27 Shai : sl at 11314 on rest
14:27 Ankush Jain : 11414
14:27 Tejpreet : +1 Shai will join you below 385
14:28 Shai : chalo
14:28 Shai : 11333 bring
14:28 Uttam : COT here
14:28 Shai : 11333
14:28 Shai : cmon
14:29 Uttam : comin
14:30 Ankush Jain : com on K
14:30 Shai : K wala move – (14:06) Shai : stay sharp into K
14:31 Rajiv Ohri : Shai targetting 11333
14:32 Shai : 11415 sl
14:32 Ankush Jain : again late selling below vwap
14:32 Shai : only for those who got in at 11410
14:32 Shai : rest sell below 11380
14:32 Tejpreet : 🙂
14:34 Shai : 11400 pe OI to watch
14:34 Shai : one jolt given
14:34 Uttam : yes
14:34 Uttam : in at 112
14:34 Shai : 11380
14:34 Tejaswini : in
14:37 Uttam : 150 tgt in that 11400pe Shai?
14:37 Shai : 150 plus expected in 11400 pe
14:37 Uttam : +100 🙂
14:37 Shai : who will save them now 🙂
14:37 Suresh : 🙂
14:38 Shai : 11360
14:38 Ankush Jain : saanu key, as a punjabi will say
14:38 Rahul : Probably if you book out hsai
14:38 Rahul : *Shai
14:38 Tejpreet : Shai 21 gun salute
14:38 Shai : reduce some more- sl at 11393 now
14:39 Shai : 11345
14:39 Ankush Jain : )’sssss
14:39 Shai : 11336
14:39 Shai : book
14:39 Tejaswini : take a bow shai
14:39 Tejpreet : to the dot
14:39 Shai : How’s the room!!
14:39 Kaustubh : +shai
14:39 Suresh : BOOM
14:39 Kaustubh : +1
14:39 Prashant : +1 Shai
14:39 MJ : High Sire!
14:39 Rahul : great
14:39 K2dt : +1000 chief
14:39 Tejpreet : room is popping the bubbly
14:39 Kaustubh : booked at 345
14:39 Shashidhar : Hi Sir
14:40 Yaghesh : exit?
14:40 Ankush Jain : booked
14:40 Kaustubh : 0’s below
14:40 Uttam : 112-150 in that 11400pe – patience pays
14:40 Tejaswini : congo UG
14:41 Uttam : 11300pe from 78-94
14:41 Uttam : side kick
14:41 K2dt : congrats UG
14:41 MJ : Shai one refresh?
14:41 Uttam : gauyi bhains paani mein
14:42 MJ : reds and greens big vols both sides.
14:42 K2dt : 394-404, 439-523 23200pe
14:42 Uttam : 11305 coming
14:43 Uttam : BNF to test 22800?
14:43 MJ : Thanks chief
14:43 Uttam : Aug vwap+poc here 11311
14:43 MJ : 11333
14:43 Naresh Dubbudu : Definitely FII selling today.
14:43 Uttam : 45 mins left
14:43 Uttam : close at lows?
14:44 Uttam : NeutX in play?
14:44 Shai : 156- (14:37) Shai : 150 plus expected in 11400 pe
14:44 Uttam : +100
14:44 Ankush Jain : UG wishes, it will come
14:45 Uttam : doom doom
14:45 Uttam : 11311
14:46 Yaghesh : exact to the point UG
14:46 Vyom : superb Shai
14:46 Vyom : and Uttam
14:46 Vyom : Whats next references
14:46 Vyom : 1 ATR is done?
14:46 Naresh Dubbudu : What are the next lower hypos?
14:46 Tejpreet : Uttam 280-250 bhi karwa do nf
14:46 Uttam : BNF not made new lows still
14:46 Uttam : possible Tej – we have the time
14:46 Ankush Jain : apun ko lagta hai kee ye K mein hee trade karna chahiye
14:47 Tejpreet : +1
14:47 Vyom : Uttam any FA today?
14:47 Uttam : 11311 nikaalo
14:47 Uttam : no Vyom
14:47 Uttam : stayed above IBH for more than 30mins
14:47 Vyom : hmm ok
14:48 Uttam : BNF needs to break lows
14:48 Ankush Jain : Aug POC, is being eyed
14:48 Uttam : for the spike
14:48 Ankush Jain : lo Uttam
14:48 Uttam : gaya
14:48 Shai : 11290 last supp
14:48 Ankush Jain : Ur wishes are coming true
14:48 Shai : below that we close at 11240
14:48 Shai : stay short
14:48 Uttam : +1
14:48 Shai : sl 11362
14:48 Uttam : 11250 maanga tha in the morning ;-p
14:48 Uttam : Shai giving 10 bonus
14:49 Ankush Jain : Ug its ur b’day or ur daughter’s b’day?
14:49 Uttam : my daughters
14:49 Ankush Jain : Congrats
14:49 Uttam : 🙂 _/\_ thanks
14:49 Uttam : BNF not letting go
14:50 Tejpreet : Best wishes to her Uttam and congrtas to the entire family.
14:50 Uttam : thanks so much Tej 🙂 _/\_
14:51 Ankush Jain : these reds must be bookings
14:51 Munish : Congrats Uttam
14:52 Munish : @Shai, can you please explain the indicators for the downfall? Very interested
14:52 Shai : 2176 to 1485 K in OI at 11400 pe
14:52 Munish : On the group, there was discussion of VWAP being uphelp and maybe an upward spike
14:52 Munish : And then this move happened
14:52 Shai : there is a backlog here – pleae go through
14:53 Shai : have explained my reasoning for K
14:53 Uttam : simple Munish, when vwap broke seller took the upper hand
14:53 Uttam : K period is for killer moves
14:53 Ankush Jain : and volumes were also there
14:54 Ankush Jain : &-ve COT
14:54 Tejpreet : Munish the auction moves we change, even I was long with vwap holding move took my SL and then joined the K party.
14:54 Uttam : vwap is the lakshman rekha
14:54 Uttam : expecially post 2pm
14:54 Ankush Jain : this K word is so notorious
14:54 Uttam : and today is a FRYday
14:54 Munish : Alright, thanks for the explanations
14:54 K2dt : that’s why we fell big..LLTs frm the room participating in the fall 🙂
14:54 Ankush Jain : 🙂
14:55 Munish : I was very confused where we’d go from VWAP and what bias to develop
14:55 Munish : Quick move
14:55 Uttam : OAOR gives good moves in the aternoon but we need to be that extra vigilant
14:55 Uttam : which is why it is important to save emotional capital in the first half
14:56 Munish : I had been anticipating downtrend since morning but the VWAP kept on defending and then the upmoe happened
14:56 Shai : 11356 sl one last move cmp 11338 tgt 11290/ 11255
14:56 Uttam : else if we feel drained out, we do not participate in the afternoon moves
14:56 Munish : Right, makes sense
14:56 Ankush Jain : Thankfully move did’nt happen during my lunch today
14:56 Ankush Jain : 🙂
14:57 Manik : another point to infer is buying tail had lott of volume attached to it. if buyers were really strong we should not have prited volume
14:59 Shai : 11322 chalo
14:59 Uttam : 11233?
14:59 Fenil : plus zeros
15:00 Shai : 11316 book half- (14:56) Shai : 11356 sl one last move cmp 11338 tgt 11290/ 11255
15:00 Shai : sl 11338 on rest
15:04 Shai : book out guys
15:04 Shai : last hour coined a great day fryday
15:05 Uttam : +1
15:05 Shai : hope everyone in green and good
15:05 Fenil : yes
15:05 Ankush Jain : +1
15:05 Fenil : super
15:05 Himanshu : yes
15:06 Ankush Jain : Aug vwap providing support
15:07 Uttam : inportant zone this
15:07 Uttam : important*
15:07 Uttam : else we can trend lower all month
15:08 Prakash : UG’s daughter’s B’Day &Shai gifted everybody in the Room _/\_
15:08 Uttam : 🙂
15:08 Uttam : Shai has been gifting everyday
15:08 Ravi : Shai – SGX bros did leave us enough 🙂
15:08 Uttam : with his gems
15:08 Prakash : Happy B’Day & God Bless to ur Princess
15:08 Uttam : thanks so much Prakash _/\_
15:09 Yaghesh : happy birthday to your daughter UG ..when is the party?
15:09 Kaustubh : shai what made you to book out
15:09 Kaustubh : we have 0’s on to[
15:09 Kaustubh : exited but curious
15:09 Kaustubh : of the IS bar
15:09 Shashidhar : those 0 taken out right
15:10 Uttam : thanks Yaghesh and the party is already on 🙂
15:10 Kaustubh : yeah but shai gave the call to exit much before
15:10 Kaustubh : hence the question
15:12 Tejaswini : Profile today:- speed bump on long road
15:12 Uttam : (14:43) Uttam : Aug vwap+poc here 11311
15:12 Uttam : a spike slices through such levels but we were holding that 11311
15:12 Shai : gren at 11322- (15:09) Kaustubh : shai what made you to book out
15:13 Shai : vented out also :)- (14:59) Shai : 11322 chalo
15:13 Shai : can’t use F language 🙂
15:13 Uttam : 🙂
15:13 K2dt : lool
15:13 Tejpreet : 🙂
15:13 Kaustubh : 🙂
15:14 K2dt : awesome h/w chief nd UG
15:14 Himanshu : UG – now 23200 POC imp
15:14 Himanshu : if we can trade above good or
15:14 Uttam : yes H
15:15 Uttam : BNF barely hit even the first tgt of the bearish hypoo – d) Breaking below 22956, it could fall to 22850-800* / 22720-621 / 22560 & 22465-444
15:15 Ankush Jain : Monday’s low broken. It becomes a imp ref point now?
15:15 Uttam : we are closing right there Ankush
15:15 Uttam : that is my monthly IBL level too
15:15 Uttam : 11350
15:16 Ankush Jain : yes
15:16 Uttam : BNF has got reejcted from that monday lows
15:16 Uttam : 23370
15:16 Uttam : tagged the 2 vpocs of 23219 & 23066
15:16 K2dt : nxt stop 22800 UG?
15:16 Uttam : 22800 is the next vpoc lower
15:17 K2dt : +1
15:17 Uttam : below that can test that 22444
15:17 K2dt : oops
15:17 Uttam : Aug vwap
15:17 K2dt : thnx UG
15:17 Uttam : and below that 21595 ;-p
15:17 K2dt : lol
15:17 Yaghesh : carry short?
15:17 Yaghesh : 😛
15:17 Uttam : nope
15:17 Uttam : BNF has shown some life
15:17 K2dt : yes UG…showing intent
15:17 Uttam : todays POC imp ref for next week on upside
15:18 Shashidhar : Anything to carry Shai / UG in small quantity
15:18 Uttam : beers 🙂
15:18 Uttam : big quantity
15:18 K2dt : 🙂
15:18 Tejpreet : lol
15:18 Uttam : weekends are to chill out and enjoy Shashi
15:18 Shashidhar : ok
15:19 Uttam : if we carry then all night will keep watching US markets
15:19 Shashidhar : 🙂
15:19 Manik : UG can we also consider FA if we get break below IB late in the day like L period in BNF
15:20 Uttam : we can Manik but FA needs to get accepted at the other extreme else it is a rejection only na
15:20 Uttam : failed at lows actually today
15:20 Uttam : upside it spent good time
15:21 Kaustubh : so failed aution at lows as well UG?
15:21 Manik : yes I meant FA at lows
15:21 Kaustubh : or not
15:21 Uttam : for FA at lows we need to cross IBH right after the rejection at lows?
15:21 Uttam : we did not even cross VWAP after that
15:21 Manik : right.. understood
15:21 Manik : thanks
15:21 Kaustubh : thanks UG
15:21 Uttam : +1
15:22 Ankush Jain : This still qualifies as NeuX?
15:22 Uttam : Monday started with a Trend Day down and this week closing around the lows
15:22 Uttam : weekly open very important
15:22 Ankush Jain : we r closing inside IB
15:22 Uttam : just like we watch open type on daily, weekly open gives clue about the larger timeframe
15:23 Naresh Dubbudu : BNF 23500PE is very temptinhg at 675. But not wanting to take weekend risk.
15:23 Uttam : yes N, will get good chances next week to trade
15:23 Uttam : with proper R:R
15:23 Naresh Dubbudu : +1 UG
15:24 Ankush Jain : U know what is the best way to get rid of a temptation, Naresh?
15:24 Naresh Dubbudu : What is the Ankush?
15:25 Ankush Jain : yield to it
15:25 Ankush Jain : 🙂
15:25 Naresh Dubbudu : He he….
15:26 Suresh : Anyone from Hyd ?
15:26 Naresh Dubbudu : I am from Hyd
15:26 Suresh : cool
15:27 Shai : nice bounce
15:27 Shai : 11290 to watch next week
15:28 Shai : Have a nice weekend guys
15:28 Shai : spend time in the training library over the weekend
15:28 Shai : See you on Mon
15:28 Suresh : Yep.. TY n Have great weekend Team..
15:28 Vidhyasagar Lingesan : HI suressh
15:28 Vidhyasagar Lingesan : me in hyd
15:28 Suresh : Surething @Library
15:28 Naresh Dubbudu : Bye everyone.
15:28 Uttam : yes sir, I ceertainly plan to go through the remaining 10 videos – done with the first 2
15:28 Suresh : good to know many r from Hyd
15:28 Uttam : thanks All 🙂 have a lovely weekend
15:29 Manik : bye all.. have a nice weekend
15:29 Vidhyasagar Lingesan : sure shai… will go through the videos
15:29 Tejpreet : Bye All.
15:29 Tejaswini : happy weeknd all
15:29 Vidhyasagar Lingesan : Bye all
15:29 Tejaswini : congo to all in green
15:30 Manikandan : Bye all
15:30 SureshM : Happy weekend
15:30 Kaustubh : bye all happy weekend
15:32 Himanshu : seems test of 22330 is coming on monday