The key to using Order Flow trading is to determine market depth. This describes the places where Market participants have taken positions or the zone they have transacted. The Order Flow is like a list of trades and helps to know how other traders are placed in the market.
Vtrender helps you to stay on top of the Market by understanding Order Flow. This increases your flexibility, your data analysis capability and your winning trade signals. And you make your existing systems better.
NF
BNF
Room Chat
08:50 Avinash : GM Jit
08:51 Raunaq : godd morning all
08:53 Vtrender Live : 5 min charts of NF- https://join.me/307-866-527
08:54 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/167313941
08:54 Sushil : GM all
08:54 Chandrashekhar : GM all
08:54 Ankur null : gm
08:56 Santhosh null : gm all
08:56 Sanjeet : good morning…
08:56 Giridhar Gowravajhal : GM all
08:58 Manikandan : GM all
08:58 Sanjiv : gm aLL
09:01 Shai : GM all
09:02 Shai : 10240 ref line for the open in NF today
09:02 Shai : New base formation is being witnessed at 10100 which remains the pivot for the rest of the series now
09:03 Rajesh G : gm all
09:04 Shai : Ability to stay abv 10240 would be positive for the day with targets at 10335 near clsoe
09:04 Uttam : Good Morning All 🙂
09:04 Shai : 101095 is a second day support right below it
09:06 Naresh Dubbudu : NIFTY spot might open close to Shai’s target for NF.
09:06 Tejpreet : GM All.
09:07 Shashidhar : Good Morning Everyone
09:07 Fenil : GM All 🙂
09:07 Sudhir : GM all
09:10 Rajesh : Shai – are we putting 5 min banknify chart separately today?
09:12 Chintan : Gm all
09:12 Himanshu : GM all
09:12 Sachith : GM all… happy trading
09:14 Neeraj : thank you guys
09:14 Neeraj : I just joined ….so very new to the concept
09:15 Ankit Maheshwari : Upstox troublesome today
09:15 Neeraj : hope will catch up ina a day or two after wating the videos in welcome kit…
09:15 Neeraj : many thanks
09:17 Naresh Dubbudu : Yes. Facing trouble with Upstox today
09:18 Shai : open outside range and value
09:19 Fenil : @Shai should we hold the strangle?
09:21 Shai : strangle adjustment- Book the 9900 PE and sell the 10100 PE – same qty
09:21 Shai : open expected to be 10330- 10240 in IB
09:22 Uttam : 0s at top in NF
09:22 Shai : 21825 ref line in BNF
09:23 Shai : expecting open auction withn 21300- 21825
09:23 Sanjeet : so can we short if it reaches at reference line on higher side and vice versa
09:24 Shai : yes that’s why the levels are given 🙂
09:31 Prajwal S : volumes there for ORR??
09:31 Ashwath : @Shai – an you please zoom in BNF 5 mins chart?
09:33 Ashwath : thanks
09:33 Ankit Maheshwari : 10300CE Weekly writers seems to move away
09:33 Ankit Maheshwari : No major fresh writing seen
09:34 Uttam : 10300pe being written
09:34 Ankit Maheshwari : Yes
09:36 Ankit Maheshwari : Boom Boom time BNF
09:37 Shai : open auctions in both on an imbalnced open
09:40 Ankit Maheshwari : No major selling seen in BNF below VWAP. What is next level for BNF?
09:41 Ankit Maheshwari : 21844?
09:41 Boppanna : Uttam’s bullish hypo target 785 BNF around there
09:41 Boppanna : *BNF high
09:41 Ankit Maheshwari : Ok
09:41 Ankit Maheshwari : +1 UG
09:42 Boppanna : Shai’s mentioned 825 upper boundary so in BNF for the open
09:43 Shai : yes vpoc is there from april
09:45 Shai : A done
09:46 Shai : playing out- (09:21) Shai : open expected to be 10330- 10240 in IB
09:46 MJ : +1 chief
09:48 MJ : This reference link shared by Suyog on the 10040 10700 range is quite handy.
09:48 MJ : https://mplite.vtrender.com/?symbol=NIFTY_SPT&tf=daily&tpo=12&amt=&sp=1&ll=10040&ul=10700&nDays=10&idstr=&dstr=4.1.2._3&rst=0&iam=
09:49 MJ : To check how auction unfurls in June since that FA.
09:52 Uttam : 10220 coming in NF?
09:52 Uttam : 76k green here though
09:54 Shai : taken out
09:55 Uttam : BNF for 21350?
09:55 Ankit Maheshwari : BNF 23K Call at 90 looks safe for sellers
09:55 Ankit Maheshwari : Anyone tracking this?
10:02 K2dt : look for longs at 10240 chief?
10:02 Uttam : 53k green here in NF
10:03 Shai : Intra – Buy NF abv 10264 sl fo 10240 tgt 10304. Buy abv only* cmp 10250
10:07 Rajesh G : shai 10264 due to IS?
10:08 Ashok null : NF in?
10:09 Ankit Maheshwari : Yes
10:09 Rajesh G : in
10:10 Shai : dval- (10:07) Rajesh G : shai 10264 due to IS?
10:10 Shai : we play on the rules of open auction
10:10 Rajesh G : ok
10:22 Boppanna : Shai can you pls zoomin the 30min charts in here BNF
10:23 Ankit Maheshwari : Only locals in market today?
10:23 Boppanna : thx
10:24 Shai : NF 10286 book half here- (10:03) Shai : Intra – Buy NF abv 10264 sl fo 10240 tgt 10304. Buy abv only* cmp 10250
10:24 Boppanna : +1 Shai
10:24 Tejpreet : Good one Chief
10:25 Shai : _/\_
10:25 Shai : carried longs Tej?
10:25 Ashok null : great call Shai
10:29 Tejpreet : overnight no chief
10:33 Shai : okay
10:33 Shai : Good view at close on Friday Tej
10:34 Shai : Bopok the balance qty in NF
10:35 Shai : Open auction consolidtion near vwap now
10:36 Avinash : +1 Shai
10:36 Sanjeet : if it spends more time at vwap then can we expect move any side or we have to be bised towards upside ..
10:37 Tejpreet : Chief view needs to be traded also.
10:38 Shai : +1- execution is what makes money!
10:38 Ankur : Good one Shai !! 🙂
10:38 Tejpreet : Uttam keep NF in IB for a while, steeping out for some work….pls do not tybe boom boom or doom doom for next 30 minutes 🙂
10:38 Shai : below 10240 or abv 10340 will be rage moves else play 20 either side – (10:36) Sanjeet : if it spends more time at vwap then can we expect move any side or we have to be bised towards upside ..
10:39 Tejpreet : tks Shai for the range 🙂
10:39 Sanjeet : Thank you sai
10:39 Chetas : so open auction, we watch Val vwap & VAH and trade the VA? till it breaks?
10:40 Uttam : lol Tej OAOR so lets wait for the afternoon boom boom 😉
10:42 Chetas : OA normally moves after 12.30, i remember shai writing this
10:42 K2dt : bnf c side?
10:42 Boppanna : BNF couldn’t get above vwap in C and pulled NF down as well
10:42 Chetas : so we can cumulate emotional capital 🙂
10:45 Ankit Maheshwari : Motabhai not doing well despite deals
10:46 MJ : Day two of highs in same zone @Ankit and then onwards to that VPOC of 1591.
10:47 Ankit Maheshwari : Yes.. More pain below 1582 FUT
10:47 Chandu : shai do v hav to consider these IS candles after RS with low cot for short trade
10:47 Govind : Uttam, B inside A and C inside B…in BNF
10:47 Govind : Scratch that
10:48 Uttam : 🙂
10:48 Chetas : B was not inside A, B broke the A low
10:49 SagarK : can we do doom doom today instead of boom boom 🙂
10:53 Ankit Maheshwari : Consolidation at best, one side will be ripped
10:54 Chetas : looks like we are getting the early cues
10:56 Uttam : @Chandu volumes are too low and we are playing out the OAOR and you can see only locals playing TT here – (10:47) Chandu : shai do v hav to consider these IS candles after RS with low cot for short trade
10:57 Uttam : that RB was a good set for for a long to VAH which Shai gave a call for
10:57 Uttam : you do not trade near VWAP on OAOR days
10:57 Uttam : you trade at the extremes
10:57 SagarK : uttam how we can identify local is playing only, is that due to volume ?
10:57 Uttam : lows vols 32k red stuck at lows
10:57 Uttam : below that 17k
10:57 Uttam : if they were big players they would have driven price lower by adding more
10:58 Uttam : IS not getting any follow up
10:58 Uttam : range narrowing
10:58 Uttam : flat vwap
10:58 Uttam : aur kya chahiye?
10:58 SagarK : noted
10:58 Uttam : BNF though can go for a DH test
10:59 Uttam : needs to get above 21611
11:00 Ankit Maheshwari : AXISBANK supporting the cause
11:01 Uttam : boom boom coming?
11:01 Uttam : lets get abov WAP with some good greens
11:02 Uttam : NF has only 45k vols in this bar
11:02 Uttam : BNF doing much better at 38k
11:02 Uttam : big players stil in weekened mode
11:02 K2dt : how much is ideal Uttam?
11:03 K2dt : i mean vol in NF
11:03 Uttam : 5min avg would be around 1.5L
11:03 K2dt : +1
11:10 Ankit Maheshwari : IB at VWAP, but less volumes
11:10 Tejpreet : Still in IB , Great job Uttam !!
11:10 Uttam : now that you are back Tej please give E for ext handle
11:10 Uttam : up
11:10 Chetas : the average on 5 minutes volume is 1.75 lk, this is what is see in my sharekhan chart in the last one month
11:10 Ankit Maheshwari : Yes Tej plz
11:10 Uttam : boom boom BNF
11:11 Uttam : lets go
11:11 Tejpreet : Uttam has ordered , mkt will oblige 🙂
11:11 Uttam : 19k green right near 21611
11:11 Shashidhar : kept boom boom on hold for you @tej
11:11 VijayT : +1 UG
11:11 Uttam : 1L vols in BNF
11:11 Uttam : this bar
11:11 Uttam : NF also
11:11 Uttam : so at least some change in vols
11:12 Ankit Maheshwari : While Tej was away no IB, Tej are you behind those IB?
11:12 Ankit Maheshwari : 😀
11:12 Tejpreet : No Ankit , am a small player.
11:12 Shashidhar : probably went out to put some offline trades for IB
11:13 Tejpreet : 🙂
11:13 MJ : Axis ICICI both at it. with 134 and 155 pts to bnf so far.
11:13 Ankit Maheshwari : 10300 CE intra writers moving away
11:14 Uttam : some more greens in BNF
11:15 Uttam : come on 100 more
11:17 Fenil : 21500 CE writers running away?
11:29 Uttam : 10290 & 21650 not giving gate pass as yet
11:30 Uttam : the fight is on
11:30 Uttam : good chance of a DD also coming today with a narrow range balance being formed on low volumes in both
11:31 Uttam : I have 2 straight lines today on my chart, yesterday’s VWAP & today’s VWAP 😉
11:32 Uttam : those buyers above VWAP being takne out here looks like in NF
11:33 Uttam : POC of 5min bar shifting to lows in both
11:33 Uttam : some more reds coming in NF
11:37 Tejpreet : NF 313 profile in 73 point day range 🙂
11:37 Chetas : tej, what it signifies?
11:38 Ankit Maheshwari : How to interpret that Tej?
11:38 Tejpreet : Sideways market
11:38 Tejpreet : tails at both end
11:38 Ankit Maheshwari : Ok +1
11:40 Fenil : When red cots are seen, how do we differentiate between whats selling vs long booking?
11:40 Boppanna : In other words Tej is saying Shai’s drawn his lines in the morning just stick to them for ur trades
11:41 Ankit Maheshwari : Time to save emotional capital then 😉
11:44 Tejpreet : yes bop’s doing just 5-7 points on monthly 105k ce..
11:45 Boppanna : +1 Tej
11:48 K2dt : what’s a 3-1-3 profile? if anyone can help
11:50 K2dt : ok read prev reply..thnx Tej
11:50 Raunaq : this is turning out to be a premium decay day
12:02 Rajesh G : test
12:05 MJ : Pass.
12:08 MJ : TP – Gate pass time?
12:08 Ankit Maheshwari : G may be
12:10 Raunaq : is that a trapped seller in bnf at 21510
12:11 Raunaq : or is it longs booking?
12:12 Shai : How’s the OAOR guys?
12:12 Govind : zzzzzzzzzzz
12:12 Ankit Maheshwari : Exactly
12:12 K2dt : baddd
12:13 Shai : (09:18) Shai : open outside range and value
12:13 Himanshu : Chief – Kuch Karo Sir
12:13 Govind : +1
12:13 Himanshu : Open To test karvo
12:13 Uttam : its a very good OAOR 😉 – (12:12) K2dt : baddd
12:13 Shai : Abv 10290 bulls back it for 10350
12:13 Rajesh G : perfect as per u r range
12:13 K2dt : UG 🙂
12:13 Uttam : 🙂
12:13 MJ : Got some cold brew @Shai 🙂
12:14 MJ : Watching nf day open to cross.
12:14 Shai : 10300 ce becomes a buy abv 117
12:14 MJ : Coffee keeping me up.
12:14 Shai : 🙂
12:15 Ankit Maheshwari : Shai target for 10300 ce above 117?
12:15 Himanshu : UG – Aja – Aja
12:15 Shai : 133
12:15 Ankit Maheshwari : thanks
12:15 Shai : both pe and CE IV’s shot up at open
12:15 Shai : so writers have not made money yet
12:17 Shai : pe IV’s in 10100, 10200, 10300 went from 24- 25 to 32 now
12:17 Shai : so money not made as yet on them
12:17 Jitender : wats tis ? (12:15) Himanshu : UG – Aja – Aja
12:17 Uttam : lol
12:17 Ankit Maheshwari : Govt sees strong FII interest in BPCL
12:18 Govind : yeah, forever
12:18 Ankit Maheshwari : 😀
12:18 Jitender : u know wen stock mkts go down…we can have a utensil banging session tat evening so that it goes up next morning…no
12:19 Himanshu : Haha
12:19 Ankit Maheshwari : Lol Jit
12:19 Himanshu : Jit – Savage
12:19 Himanshu : We also shall have some beeper here in room like that#
12:19 Himanshu : once PDH crosses.. Thali Bajao Tune
12:19 K2dt : can have that nasdaq bell here 😀
12:19 Ankit Maheshwari : Flattening economy curve instead of Corona 😛
12:19 Raunaq : good one Jit
12:20 Himanshu : Left To Bajaj’s they wanted licesnce Raj – Where people can que up to pay 500 Rs booking amount for Priya and Bajaj Chetak at Post office
12:21 Himanshu : and black market of 5K rs for 11 K scooter
12:21 Himanshu : One Cycle Maker Hero – made bigger then them with collabration – Broozes are not healed – specially Father
12:22 Himanshu : He is typical Nay Sayer – Budho
12:23 Ankit Maheshwari : Shai : Motabhai for 1700 positional. Any feedback?
12:26 K2dt : doom doom?
12:26 Shai : big reds
12:29 Raunaq : IS with blue cot in bnf?
12:30 Jitender : 640-376 thru
12:30 VijayT : super trade Jit
12:30 Tejpreet : Jit +100
12:31 Jitender : wasnt expecting anything below 480…but it gave…who am i to say no 🙂
12:31 Avinash : +1 Jit
12:31 Ashwath : wonderful Jit
12:31 VijayT : 🙂
12:31 Jitender : tx guys
12:32 K2dt : wow Jit
12:32 Shai : going for gap fill NF
12:32 Shai : sl of 10244
12:36 Arjun : target for short shuld be 10188?
12:36 Milind : 21300 PE 370 to 530
12:36 Milind : Half out
12:37 Ankit Maheshwari : Are Reds out in same candle at bottom?
12:37 Shai : tgt 10194
12:39 Shai : Intra – short NF 10228 sl of 10249 tgt 10194
12:41 K2dt : bnf gap fill done
12:41 Shai : +1
12:44 MJ : Super trade bossman!
12:45 Shai : 10194 tgt book half- sl at cost on rest- (12:39) Shai : Intra – short NF 10228 sl of 10249 tgt 10194
12:45 Boppanna : Nice trade Shai
12:45 Tejpreet : +1
12:45 Avinash : +1 Shai
12:45 Govind : Super trade Boss!
12:45 Ashok null : great call Chief
12:45 Shai : Cheers
12:45 Ankit Maheshwari : +1 Shai
12:45 Shai : That’s how awesome COT is- saw the IS from vwap?
12:46 Govind : Shai, NF MP chart not moving?
12:46 Shai : 10291 anbd 10240 now big supply for rest of day
12:48 Shai : 10202 trailing sl
12:49 Shai : outside chance for 10100 if 10202 is not takenm out
12:49 Ankit Maheshwari : Kejriwal probable COVID (going for test)
12:49 Ankur : That was super Shai !!
12:50 Shashidhar : Bad for Kejri – he has respiratory issues
12:50 K2dt : thats bad 🙁
12:50 Ankit Maheshwari : Not confirmed yet, he is going for test
12:51 Ankit Maheshwari : That can have sentimental effect on market?
12:52 Jitender : no
12:52 Arjun : europe opened in red could be reason
12:54 Ankit Maheshwari : 0s?
12:54 Tejpreet : why look for reasons and sentiments …. we have objective and sl …what else do we need 🙂
12:54 Chetas : there are behind the screen talks of europe going for debt settlement, by converting bonds in to perpetual bonds. Also possibility of demo in euro
12:55 Shai : 10165 book fully- (12:45) Shai : 10194 tgt book half- sl at cost on rest- (12:39) Shai : Intra – short NF 10228 sl of 10249 tgt 10194
12:55 Shai : 10199 and down – (12:48) Shai : 10202 trailing sl
12:55 Ankit Maheshwari : 2IB done
12:55 Shai : but now book
12:55 Jitender : k..tere is one hypo…so we ran in anticipation of lockdown being open and consumption picking up & wat happened today?
12:55 K2dt : 1.5 dt done..thnx chief
12:55 Fenil : strangles hold, right?
12:55 Jitender : congo K2
12:55 Fenil : @Shai
12:56 K2dt : thnx Jit
12:56 Fenil : 10100 PE/10400 CE
12:56 Tejpreet : Congrats to the green mtm in the room.
12:57 Jitender : we open today ..so profit bookn wile retail wud buy (12:55) Jitender : k..tere is one hypo…so we ran in anticipation of lockdown being open and consumption picking up & wat happened today?
12:58 Shai : Buy a 10200 pe to protect that for close today the stranglle
12:58 Jitender : dont be biased still…closing wud be interesting
12:58 Shai : Trade the in between points even if you have a pos open
13:00 Ashwath : Fenil – plz dont use caps
13:01 Ashwath : Caps messages are auto deleted
13:01 Shai : Buy a 10200 pe if it breaks 10160F
13:02 Shai : THose are positional trades , don’t take them if you cannot manage them
13:02 Shai : 10165 is a level which can hold so that starngle is still right
13:02 Shai : But it is a thursday strangle, don;t get confused with intra day moves we make here
13:03 Fenil : OK
13:03 Shai : when I give a short you can adjust there
13:04 Fenil : OK
13:04 Shai : when I say close remove there
13:04 Fenil : THANKS
13:04 Shai : If you don’t stopscaps the system will block you out for day
13:04 Shai : try to follow the rules which everyone else is doing
13:04 MJ : TPO poc is a wide one, chance to tag back?
13:04 Jitender : Fenil..i think yr capslock is on….
13:04 MJ : @Chief?
13:05 Jitender : pls chck
13:05 Fenil : done
13:05 Tejpreet : what a alert to exit shorts Shai….113 to 123 in 105k ce
13:05 Shai : 10240 higher supply
13:05 MJ : Ok bossman. Thanks.
13:06 MJ : +1 tp 🙂
13:06 Tejpreet : MJ 240 is the big hurdle
13:06 Favas : for bnf?
13:07 Favas : cheif?
13:07 Shai : Book full is book full- (12:55) Shai : 10165 book fully- (12:45) Shai : 10194 tgt book half- sl at cost on rest- (12:39) Shai : Intra – short NF 10228 sl of 10249 tgt 10194(12:55) Shai : but now book
13:10 MJ : first move to 10202 Reverses right from that 10202 that chief gave for tsl – /\
13:12 MJ : 51300 greens need to stay calm and not panic.
13:12 Shai : Auction changes at 10270-90
13:12 Shai : friday buyers are at 10165 trying to hold
13:12 Shai : this can go flat again
13:13 Jitender : panic ?
13:13 Ankit Maheshwari : Flat agin here?
13:15 Uttam : 10159 is the VAH of the 3-day composite in NF
13:15 Uttam : check the report today
13:16 Uttam : https://mplite.vtrender.com/?symbol=NIFTY_E25-06-2020&tf=daily&tpo=6&ll=&ul=&sp=1&startDate=01-06-2020&endDate=05-06-2020&nDays=5&idstr=&dstr=_2.3&rst=0&iam=
13:16 Uttam : today’s low right at that grey bar
13:16 Avinash : +1 UG
13:17 Uttam : another entry in it will open up 80%
13:19 Shai : one more IS
13:19 Shai : buy a PE if 10160 breaks
13:19 Shai : we may touch 10100
13:20 Uttam : Shai will not let go of that level so soon 😉
13:20 MJ : Lol
13:21 Uttam : 80% in that composite will also activate 10094
13:21 Uttam : POC of the 3-day composite
13:21 Uttam : plus weekly POC too
13:21 Shai : +1
13:22 Uttam : 10078
13:22 Shai : They will; add there
13:22 Uttam : 🙂
13:22 Uttam : doom doom
13:23 Naresh Dubbudu : Today’s action negates any positional long views I hold.
13:24 Shai : buy a portfiolio protection if 10100 breaks anytime this week
13:24 Uttam : 10140 small sup here
13:26 Uttam : 268 to 288 10200pe
13:26 Uttam : finally one good trade for the day
13:26 Uttam : missed the break in the afternoon
13:26 MJ : Congrats UG.
13:26 Uttam : 10094 calling
13:27 Uttam : (13:15) Uttam : 10159 is the VAH of the 3-day composite in NF(13:16) Uttam : today’s low right at that grey bar(13:17) Uttam : another entry in it will open up 80%
13:27 Uttam : MP rocks
13:30 Govind : Cogno Uttam
13:30 Boppanna : +1 Uttam
13:31 Uttam : thanks guys 🙂 _/\_
13:31 Uttam : OAOR playing out to its truest sense
13:31 Shai : fri buyers liquidating
13:32 Shai : 10209 sl for these reds here
13:32 Shai : At 12.26- (12:26) Shai : big reds
13:32 Uttam : +1 Shai missed the first break as was not in front of screen but made up now 😉
13:33 Uttam : 2 extension handles in NF
13:33 Uttam : and one in BNf
13:33 Avinash : +1 UG
13:33 Uttam : so Tej kept his promise of a DD but did it the other side
13:34 Tejpreet : Yes Uttam but tks to Shai flipped on right time.
13:34 Uttam : +100
13:34 Uttam : big move this was
13:34 Uttam : 100 pointer plus
13:35 Uttam : NF resisting now at the weekly VAH
13:35 Uttam : got above it now
13:35 Uttam : 10164
13:35 Shai : I’ve closed 10400 ce and moved lower to 10300 ce. still holding the 10100 pe short with 10150 PE bough for intra day move sl given here
13:35 Shai : Just for those who were there with me
13:36 Shai : https://vtrender.slack.com/archives/C0F2VRTPW/p1591603657299500
13:36 Shai : current pos
13:36 Shai : traded the move down through short 10300 ce which I may close at 03.30
13:37 Uttam : new low after 2:15 would be nice 🙂
13:37 Shai : the rest is adjustment of the 10100- 10400 ce original strike
13:37 MJ : Oh that 5 hr wala Ug 🙂
13:37 Uttam : you know everything MJ 🙂 you should be renamed google
13:37 Shai : For all traders who are writing options , suggestion here. The old days of writing and sitting out on positionals is gone. this is the new age in this new age will have to respond and be quick to respond . We just saw a 150 point move and if you just sat there and did nothing the pain will be there. The purpose here to to guide you to waht is coming next and you have to respond and adjust positions and sizes. It is to not like that this is a waiting game ….this is not a market which will wait for you . Don’t be a prisoner and don’t allow your self to be taken a prisoner by any position. Respond you will be fine. I told you to stay short below 10240 F from open …
13:37 MJ : Lelo lelo 🙂
13:38 Ankit Maheshwari : Earthquake in Delhi
13:38 Uttam : again?
13:38 Ankit Maheshwari : Thats new normal these days 🙂
13:38 Ankit Maheshwari : Yeah
13:39 Govind : +1 Shai, great advice to all writers
13:39 Ketan : +1 shai
13:40 Uttam : +100 – (13:37) Shai : For all traders who are writing options , suggestion here. The old days of writing and sitting out on positionals is gone. this is the new age in this new age will have to respond and be quick to respond . We just saw a 150 point move and if you just sat there and did nothing the pain will be there. The purpose here to to guide you to waht is coming next and you have to respond and adjust positions and sizes. It is to not like that this is a waiting game ….this is not a market which will wait for you . Don’t be a prisoner and don’t allow your self to be taken a prisoner by any position. Respond you will be fine. I told you to stay short below 10240 F from open …
13:41 K2dt : +1 chief
13:41 Shai : what I don’t want to see is panic here in this Room
13:41 Shai : Panic destroys the ability of the brain to think clearly
13:41 Shai : you go into fight mode
13:41 Shai : that does not help
13:41 Uttam : yes Shai most important aspect in trading is to train our mind
13:42 Shai : you have to be calm and rational with an ability to respond at all times
13:42 VijayT : +100 Shai
13:42 Sanjeet : True sai…
13:43 Shai : 10209 SL for these reds, let’s get back to the market
13:46 Sushil : true Shai , about writing and waiting , learnt it hard way last month
13:53 Chandu : uttam wat is VAh n VAL of tat 3 day compoosite profile..,
13:57 Chetas : is it FA at BNf high?
13:58 Uttam : 10032-10094-10158
13:58 K2dt : no Chetas
13:58 Uttam : no RE on upside Chetas
13:58 Uttam : FA comes only when get RE on both sides
13:59 Chetas : ok. \
13:59 Chetas : so basically FA can happen only after B period
13:59 K2dt : yes after completion of IB.. i.e A nd B
14:05 Ashwath : Guys, one of my friend told tht RE done in G period will be powerful. 🙂 any observaton on this?
14:05 K2dt : Uttam Kaboom in K?
14:06 Uttam : @Ashwath G is geenerally the DD period so when we are expecting a DD most times the RE made is in G
14:06 Ashok null : UG …ur 2.15 move coming?
14:06 Ashwath : Thanks Uttam
14:07 Uttam : bring it on Ashok
14:10 Ashok null : doom doom UG?
14:11 Uttam : that 10158 holding for now
14:11 Uttam : that needs to break & NF needs to stay below it
14:12 Ashok null : yes true
14:12 Uttam : right now filling up the lower distribution of today’s DD
14:13 K2dt : chalo
14:13 Uttam : 2:15 is here
14:13 Uttam : lets get a frsh RE 😉
14:14 Uttam : doom doom
14:15 Uttam : 276 to 285 in that 10200pe again
14:15 Uttam : new lows here
14:15 Uttam : (13:37) Uttam : new low after 2:15 would be nice 🙂
14:15 Boppanna : Congts Uttam
14:15 Tejpreet : +1
14:15 Govind : Congo UG
14:15 Shai : 10126
14:15 Uttam : thanks guys 🙂 _/\_
14:16 Shai : 25 m,ore needed
14:16 Uttam : comign Shai
14:16 Uttam : je baat
14:16 Shai : Yes I kmow 🙂
14:16 K2dt : congrats UG
14:16 Shai : BNF for 2074-
14:16 K2dt : 82-100 10.1k pe done
14:16 Uttam : 80% Rule playing out in parts
14:16 Shai : 20740
14:17 Uttam : +1 Shai
14:19 K2dt : Chief if we don’t go into upper part of this DD profile soon then we can see 10300 is a short term top?
14:19 K2dt : say*
14:19 Vivek : conviction for 10100 … HAT TIP
14:19 Uttam : spike coming?
14:20 Shai : 1 hour later – (13:19) Shai : we may touch 10100
14:20 Shai : getting there
14:20 Uttam : +100
14:20 Ketan : superb shai !
14:20 Uttam : 10108 is Fridays VWAP
14:20 Shai : _/\_
14:21 Uttam : NeuX vwap tends to be an imp reference
14:21 Bhavani : magic of 10100 was invented by Shai last week itself.. Kudos Shai..:)
14:22 K2dt : great start to the week chief
14:22 Shai : Cheers
14:22 Shriram : superb Shai!!!!
14:22 Ankit Maheshwari : Has this reversed near friday VWAP?
14:23 Bhavani : Has based couple of positionals based on that and glad that i could make enough adjustments now.. after the magic unwound forst in our markets rather than SGX Nifty
14:23 Bhavani : .. i had based
14:23 Jitender : A local friend is not doing well.saved sum money for him today https://vtrender.slack.com/archives/C0F2VRTPW/p1591606435299800
14:23 Jitender : chck the time of the msg
14:24 Chandu : uttam bnf enters into pvalue area.., can v play for 80% rule
14:24 Uttam : BNF also has a 3-day comp Chandu
14:24 Uttam : check today;s daily report
14:25 Uttam : https://mplite.vtrender.com/?symbol=BANKNIFTY_E25-06-2020&tf=daily&tpo=24&ll=&ul=&sp=1&startDate=01-06-2020&endDate=05-06-2020&nDays=5&idstr=.0_2.0_3.0_4&dstr=_5&rst=0&iam=
14:25 Uttam : headed to the POC of the composite which is at 20760
14:25 Uttam : FRiday’s poc at 20740
14:26 Uttam : new low after 2:15 holding is a good sign for the bulls 🙂
14:26 Bhavani : Jit, wouldve been a great help to your friend
14:26 Bhavani : as told by shai, these guys woukf be adding and consolidating at these levels
14:26 Uttam : Jit hum bhi your fridns man, hamare liye bhi kuch karo ;-p
14:27 Ankit Maheshwari : Same message yaha bhi daalte Jit 😀
14:27 Shai : 3IB done in NF?
14:27 Uttam : but super initiative bro +100
14:27 Jitender : u know abt it UG 🙂
14:27 Saheer : Jit you are a savior of many in the group too in so many occassions, God bless
14:27 Uttam : 10098 Shai
14:27 Jitender : u r the best friend here fr VTians
14:27 Uttam : 3 IB
14:27 K2dt : Jit u knew at c period end.. simply marvellous
14:27 Ankit Maheshwari : Shai are we going for 3IB?
14:27 Jitender : @UG (14:27) Jitender : u r the best friend here fr VTians
14:28 Jitender : tx guys
14:28 Uttam : _/\_
14:28 Jitender : he was doing spreads and as Shai pointed out abt writing has suffered losses recently
14:29 KK : Are we expecting spike lower , if it crosses 10184 , can it come for up move ?
14:29 K2dt : imagine if globe was down today
14:29 Uttam : we got a 205 pointer in NF today guys, aur kitna chahiye ;-p
14:29 Shai : 10187 trailing for close
14:29 Uttam : 904 in BNF
14:29 Shai : down from 10207
14:30 K2dt : lol UG
14:30 Arjun : what should be SL for BNF ? 21180?
14:30 Boppanna : Nice of u to help out Ji
14:30 Boppanna : *Jit
14:31 Chandu : uttam in tat composite profile also it entered below VAH ., 80% rule can b seen? any wrong i hav done?
14:31 Uttam : yes you are completely right Chandu
14:31 K2dt : 10209 now?
14:32 Uttam : both could get the dPOC down in the lower profile
14:32 Uttam : right now both are in the top distrubution at 10270 & 21540
14:32 KK : lets go for 10204
14:33 Shai : 10100 – 10270shoulfd continue as range tom
14:33 Uttam : lets not go anywhere and get the dPOC at 10180 and close here 😉
14:33 Shai : IB has come
14:33 Shai : cover shorts go neutral
14:33 Ankit Maheshwari : Are these G singles to be repaired? Or is that fine?
14:33 Jitender : +1 (14:30) Boppanna : Nice of u to help out Ji
14:33 Uttam : +1 Shai
14:33 Jitender : spx spiked
14:34 K2dt : yes Jit
14:35 Shai : Add long 10155 sl tygt 10228/10240, can buy abv 10186
14:38 Ankit Maheshwari : Is it right hypothesis that Singles stuck in midt MP are repaired?
14:38 Uttam : there is nothing about singles to be repaired AnkitM 🙂
14:38 Uttam : singles means initiatvie activity
14:39 Ankit Maheshwari : Ok
14:39 Uttam : and if we get accepted in that, it hsows the intiaitve force is no longer defending that zone
14:40 Rajesh G : r we in
14:40 Uttam : above 10186 Rajesh
14:40 Shai : not yet
14:41 Rajesh G : ok
14:43 Rajesh G : chart stuck
14:43 Uttam : charts are fine
14:48 Ankit Maheshwari : Boom Boom BNF
14:51 Uttam : 10185 high in NF
14:52 Chandu : i thnk tdy 80% rule wont cme in bank nifty looking like.., uttam is tat rule for intraday r can b taken for positional
14:53 Uttam : how do you trade the 80% Rule Chandu?
14:56 Shai : 10135- 10185 rotation
14:59 Shai : NF agg long 10166 sl of 10130 tgt 10208
15:04 Shai : Good Orderflow trading today
15:04 Shai : off the open, we had straight 5 of IS
15:04 Shai : then at the fal of 10280 another 4 of IS
15:04 Shai : now these IB’s are saying shorts booking
15:05 Uttam : +1 vols being build at 10170 so dPOC could shift here in NF by close?
15:06 Shai : Holding 10100 tom . am expecting another look at that 10280 seller tom
15:06 Uttam : BNF also good chance of dPOC shifting down to 21150 by close
15:07 Uttam : dPOC already shifted to 21063 in BNF?
15:07 Shai : no
15:08 Ashwath : guys, a question outside the index. Anyone tracking TataMotor?
15:08 K2dt : yes in bnf
15:08 Uttam : the 5min box giving dPOC as 21063
15:08 Uttam : corrected now
15:09 Fenil : bought nifty 10166 its intra or carry this position?
15:11 Himanshu : Chief – this can continue till tom Afternoon ?
15:11 Himanshu : Rejection of 10300 F
15:13 Ankit Maheshwari : Reliance near day low
15:15 Shai : RIL has gone to a very high time frame
15:15 Shai : not a palce for day traders anymore
15:15 MJ : https://mplite.vtrender.com/?symbol=RELIANCE&tf=daily&tpo=2&mc=1&ll=&ul=&sp=0&startDate=&endDate=&nDays=8&idstr=.0_7&dstr=_8&rst=0&iam=
15:15 Ankit Maheshwari : Shai what is the bias in RIL?
15:15 Shai : people are investing 5000 CR and 10000 CE expecting a bumper nasdaq listing
15:15 Shai : people buying 100 and 200 shares are calling a top 🙂
15:16 K2dt : going for 2k now RIL chief?
15:16 Chintan : lol
15:16 Shai : next round in RIL if this month crosses 1650
15:16 Shai : till then wait for dips
15:16 K2dt : +1
15:16 MJ : +1 chief.
15:17 Uttam : BNF would be first to get that dPOC lower?
15:18 Uttam : 21150
15:18 Govind : UG, BNF 3 day comp becomes 4 day now?
15:18 Shai : make exits at cmp, time out- (14:59) Shai : NF agg long 10166 sl of 10130 tgt 10208
15:18 Uttam : no Gov today we have upper value then extension handle
15:19 Govind : OK thanks
15:19 Uttam : so DD singles will be supply zone for now
15:21 Uttam : (14:33) Uttam : lets not go anywhere and get the dPOC at 10180 and close here 😉
15:21 K2dt : gazabb UG 🙂
15:21 Uttam : all MP
15:22 K2dt : +100
15:24 Uttam : BNF dpoc shifts to 21200
15:25 Uttam : NF has 4 more mins to add vols
15:26 AnilR : should we carry position for tomorrow ?
15:26 Uttam : no anilR
15:26 Uttam : (15:18) Shai : make exits at cmp, time out- (14:59) Shai : NF agg long 10166 sl of 10130 tgt 10208
15:26 AnilR : ok
15:26 MJ : Bye chief and everyone. Have a nice evening.
15:27 Shai : Bye all
15:27 Boppanna : Thanks Shai for your inputs
15:27 Shai : Have a nice evening
15:27 Ashwath : Bye guys
15:28 Avinash : Bye everyone
15:28 Giridhar Gowravajhal : Thanks Shai. Bye all !!!
15:28 Manikandan : bye all
15:28 Shai : DD profile
15:28 Shai : could be inside day tom
15:29 Tejpreet : Bye All.
15:29 Shashidhar : Bye All
15:30 Himanshu : Bye all
15:32 Uttam : thanks All 🙂 have a lovely evening