When we think about how to measure volume in the market one of the keys is Order flow . It plays a role by telling us what the other traders have done in the market and are currently doing and this provides valuable clues and potential opportunities to trade.
08:50 Vtrender Live : (08:48) Vtrender Live: option charts – https://join.me/584-765-046
(08:49) Vtrender Live: 30 min charts – https://global.gotomeeting.com/join/950937237
09:32 Shai : (09:32) Shai : Intra – Buy Banknifty abv 24672 sl of 24580 tgt 24840. Buy abv
09:38 Shai : (09:38) Shai : BNF at 24720 . part book here and ride some at cost 24675
09:56 Shai : (09:56) Shai : Book fully the BNF at 24755.
10:04 Shai : (10:04) Shai : INtra – Buy 10300 pe at 114 sl of 101 tgt 165
10:11 Shai : (10:11) Shai : exit the 10300 pe at 118 here
10:27 Shai : (10:27) Shai : Intra – Short BankNifty 24830 sl of 24910 tgt 24700/ 24640
10:35 Shai : (10:34) Shai : BNF stopped. Make an exit
11:34 Shai : (11:33) Shai : Intra – Buy BankNifty 25155 sl of 25040 tgt 25344
11:43 Shai : (11:43) Shai : Make exits in the BankNifty longs 25125- 25135
12:02 Shai : (12:01) Shai : Intra – Buy 10300 pe at 105- 106 sl of 81 tgt 155
13:23 Shai : (13:23) Shai : Clsoe the 10300 pe at 94-95.
13:28 Shai : (13:28) Shai : Buy 25300 ce at 78 sl of 52 tgt 115.
14:13 Shai : (14:13) Shai : Book the 25300 ce fully at 95
14:41 Shai : (14:41) Shai : Intra – Buy BankNifty 25320 sl of 25200 tgt 25470
15:15 Shai : (15:14) Shai : Positional update : add 50%25 to the 10200 PE at 66 here. Maintain a new TSL of 56 for the full position
15:17 Shai : (15:17) Shai : Book out the BNF longs at 25330
08:48 Vtrender Live : option charts – https://join.me/584-765-046
08:49 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/950937237
09:01 Shai : GM all
09:01 Ashish : GM all
09:05 Kathir : GM shai all
09:05 Uttam : Good Morning All 🙂
09:07 Kathir : Looks like uttam standing with extra weapons today 🙂
09:07 Upendra : Gm Shai and all
09:08 Shai : 08:50 Vtrender L: (08:48) Vtrender Live: option charts – https://join.me/584-765-046(08:49) Vtrender Live: 30 min charts – https://global.gotomeeting.com/join/950937237
09:09 Shai : 2 FA’s decide the cousre of the series now
09:09 Shai : watch this balance closely
09:09 Shai : should break by FRi is my view and lower
09:09 Shai : https://vtrender.com/market-profile-analysis-dated-09th-oct/
09:10 Shai : neutral day environ yesterday. Odds higher for first half to be 10290- 11360 mkt
09:11 TP : GM All.
09:12 Himanshu : gm all
09:14 Shai : usdinr trend dday vwap at 74.36 imm supp.headed to 74.77-83
09:16 Favi null : good morning all
09:20 Shai : 24660 got sellers
09:20 Shai : interestting
09:20 Uttam : 10350 also in NF Shai?
09:21 Gaurav : 95k seller
09:22 Himanshu : 1 lakh again
09:22 Shai : NO that one is Stops
09:23 Uttam : yep looked like, green band right below
09:23 Uttam : all shorts being firced to exit
09:23 Himanshu : ohh ok
09:23 Uttam : 80% done in opening 10mins #bell magic
09:24 Sumit : New seller In BNF or Not ?
09:26 Shai : BNF has a seller
09:26 Shai : NF also got a new seller. But that 1L is SL triggers
09:26 Uttam : another OAIR in value in both
09:27 Uttam : 24685 is that promiment POC in BNF from last 2days
09:29 Praneeth : Gm All
09:29 Praneeth : 24.4 PE low =6
09:31 Uttam : stuck seller in NF at vwap
09:31 Uttam : and a stuck pink band at 10350 just below vwap
09:32 Shai : Intra – Buy Banknifty abv 24672 sl of 24580 tgt 24840. Buy abv
09:35 Shai : BNF in
09:35 Shai : would up in that balance – wants to go higher ‘
09:38 Shai : BNF at 24720 . part book here and ride some at cost 24675
09:46 Shai : greens continuing
09:46 Shai : would want to test yesterday’s sell pricing
09:48 Uttam : slow drive it is looking like now with both leaving singles at yesterday’s POC
09:49 Uttam : 13k green in BNF at top
09:49 Uttam : initiative or will get stuck?
09:49 Uttam : that 24750 level again
09:53 Shai : late buyer at vah
09:54 HK : @mihir u there?
09:54 Boppanna : Shai can we have 25000ce on options screen pls?
09:56 Shai : Book fully the BNF at 24755.
09:59 Shai : test is here – (09:46) Shai : would want to test yesterday’s sell pricing
09:59 Uttam : 47k red in BNF again at 24840
10:00 Uttam : tags the vpoc of 24867
10:00 Sumit : 47 k newv seller ? .
10:00 Sumit : or stop ?
10:00 Uttam : A period singles today plus OTF up
10:00 HK : wont stop will 25 k, and 578, mentioned ydy
10:00 HK : *till
10:01 HK : yday algo seller was perfect decoy and it was obvious
10:01 Shai : sellers are here
10:01 Uttam : (09:49) Uttam : that 24750 level again…BNF looks to be leaving an ext handle there today
10:01 Uttam : big sellers in BNF here
10:03 HK : if I remember 10437 was a extn handle in May
10:03 HK : #trivia
10:04 Shai : INtra – Buy 10300 pe at 114 sl of 101 tgt 165
10:05 Shai : This selling should take it to 10370
10:05 Shai : 10370 became a pivot for day. If not held by morning buyers we would be at uday lows
10:11 Uttam : vols coming here at 10400
10:11 Shai : exit the 10300 pe at 118 here
10:11 Uttam : 1.2L green versus 1L red
10:12 Shai : let him break vwap- we will get into a intra short again
10:12 Shai : aggressives can hold same sl of 101
10:13 Uttam : 10385 morning singles so if that goes can get weak NF
10:14 Shai : yes 10387 was the lows from that sell
10:14 Shai : also vwap
10:15 Shai : BNF is a an aggressive short for 24735 sl of 24886
10:16 HK : @shai, for OD 33l in NF in 1 hr good?
10:16 Uttam : yep good vols
10:17 Uttam : plus A period singles so looking good for longs here HK
10:17 Uttam : moving away from balance to the upside
10:17 HK : Boss said need 15l in 15 mins if I remember
10:17 Uttam : 446 to watch next
10:18 Himanshu : we have OD for sure?
10:18 Uttam : BNF showing that ext handle now at 24750
10:18 HK : BNf is the guy to watch for 25150
10:18 Shai : NBFC all up led by muthhot
10:19 Uttam : 25035 above 24940 in BNF if 24750 holds for the day
10:19 Shai : shorts are all aggressive here till vwap goes
10:19 Uttam : NF ext handle at 103998
10:19 Praneeth : bnf CEs are making new highs
10:24 Pradeep : Shai, Are buyers defending much before vwap levels? Not allowing prices to move down?
10:24 TP : uttam that 398 is single print as still in ib , just wondering.
10:24 Shai : on screen – (09:54) Boppanna : Shai can we have 25000ce on options screen pls?
10:24 Boppanna : thx
10:25 Shai : yes there are some greens at the open and some near 370- (10:24) Pradeep : Shai, Are buyers defending much before vwap levels? Not allowing prices to move down?
10:25 Uttam : Tej that is A period high so actually 10396.8
10:25 Shai : refer to this chart – https://global.gotomeeting.com/join/950937237
10:25 Uttam : B once crossing that did not come back down so showing as a ext handle
10:26 TP : got it ,tks.
10:27 Shai : Intra – Short BankNifty 24830 sl of 24910 tgt 24700/ 24640
10:29 Uttam : (10:11) Uttam : vols coming here at 10400…buyers still defending here
10:29 Uttam : that ext handle of 10398 standing out
10:33 Uttam : BNF poor highs so far so can set that right
10:33 Uttam : C period ext coming?
10:34 Uttam : boom
10:34 Uttam : 33k green at top looks to be a SL order
10:34 Shai : BNF stopped. Make an exit
10:35 Uttam : (10:19) Uttam : 25035 above 24940 in BNF if 24750 holds for the day…24940 here
10:35 Boppanna : +1 Uttam
10:37 Shai : 25027 is RBI day seller
10:37 Shai : this is being driven through cash
10:37 Uttam : NF 446 also here
10:38 Uttam : 10444.45 high
10:38 Uttam : but this is all supply zone
10:38 Uttam : if sustain 2atr of that FA can come
10:39 Kunal : Shai – with a large seller like that in a past supply zone, is it not a good sign to be looking for shorts? noob question
10:39 Uttam : sellers are under pressure here Kunal & supply is getting absorbed I feel
10:40 Shai : look for selling but they have to break vwap also
10:40 Praneeth : above what level these sellers can puke shai/uttam?
10:40 Shai : we exited the put when vwap did not break
10:40 Uttam : NF high exact 10446 now
10:40 Shai : This BNF looks like a new leg up abv 840 res
10:41 Shai : let’s see if 24840 is protected on dip
10:41 Mihir : Hi HK Tell me. (09:54) HK : @mihir u there?
10:41 Uttam : (09:48) Uttam : slow drive it is looking like now with both leaving singles at yesterday’s POC(10:00) Uttam : A period singles today plus OTF up(10:17) Uttam : 446 to watch next
10:42 Kunal : thanks Shai and Uttam
10:42 Gaurav : should we exit 10200 pe, stop was hit?
10:45 Himanshu : shai that 1 lakh seller of yestrdaystill holding?
10:45 Mihir : 477
10:45 Mihir : Himanshu I guess he did exit in 2 halves.
10:45 Boppanna : IMO looks like trend day up in the making
10:46 Mihir : +1 bopp
10:46 Mihir : No vwap test since ib range.
10:46 Himanshu : +1 mihir
10:46 HK : Hi Mihir
10:46 Uttam : 10440 second ext handle of the day in making & 24880 in BNF
10:47 Uttam : 10487 is 1atr from weekly FA of 10212 so that coming looks like next
10:47 Sumit : again seller in BNF TOP of 25k?
10:49 Shai : 10481 supply in NF
10:49 Uttam : both C & D have made higher highs
10:49 Shai : yes- (10:47) Sumit : again seller in BNF TOP of 25k?
10:50 Uttam : after A period singles
10:52 Shai : Update on 10200 pe : Hold with SL at 62 till 3 pm.We woll review the trade near close. cmp 76.
10:52 Gaurav : thanks Shai
10:53 Shai : we will go with a time review for that positional
10:53 Shai : 64 is the vpoc and today we have a drive down in that PE
10:53 Shai : hard exit below 62
10:54 Mihir : Shai 25120 poss today?
10:54 Mihir : Hk swings holding for 580?
10:54 Mihir : Oh nope you are in bnf swings.
10:55 HK : @mihir, got into NF longs after seeing the decoy yda
10:55 HK : 578 on IMO
10:56 HK : will get of BNf at 25k+
10:56 Shai : bear market rally – first one
10:56 HK : yup…
10:56 Shai : can be viciuos
10:57 Uttam : yep
10:58 Mihir : I had closed swings yest at 1L seller and loaded today morning. Net entry still below 240
10:58 HK : good that we will get PEs much cheaper 🙂
10:58 Mihir : :))
10:58 Himanshu : some stuck buyers in NF?
10:59 Shai : still not clear this move
10:59 Shai : let’s give it till noon
10:59 Shai : either sellers get fried today or they will break vwap
11:00 Mihir : Chief one vwap scare in bnf pliz.
11:00 Mihir : 🙂
11:00 Shai : 25050/ 10480 my places to look for sellers adding again now
11:00 HK : eyeing that 10500 PE when 50 is crossed
11:00 HK : 500*
11:01 HK : ok chief, 480 is also fine 🙂
11:01 Uttam : NF repairs that 10440
11:01 Mihir : Uttam one repairing at 398 odd.
11:02 Uttam : stuck sellers may not let it go below 10420-425
11:02 Uttam : 24900 sup in BNF for now
11:02 HK : experts out calling bottom, no better signal than this 🙂
11:03 Uttam : also Mihir that is the first ext handle of today so drive if intact that should stay
11:03 Himanshu : 10398 uttam?
11:03 Uttam : yep
11:03 Himanshu : ok
11:03 Himanshu : vwap also there
11:04 Mihir : Chief. Have you altered the screen size for the Delta stack? Can we get it to the earlier setting?
11:05 Mihir : Yep uttam. 398 looks like holding unless we have late surprises.
11:05 Uttam : BNF new highs
11:06 HK : Correction brings early Diwali sale on D-Street: 63 of top 100 cos on offer at 10-40% discount – this one screaming across media
11:07 Uttam : (10:19) Uttam : 25035 above 24940 in BNF if 24750 holds for the day….25035 in sight over here
11:07 Uttam : 24995 high so far
11:08 Mihir : 24999.9 lower high of rbi day.
11:08 Uttam : 25015
11:08 Mihir : taken out.
11:09 HK : wow, I booked at 25k BtST
11:09 Uttam : super trade HK, congrats
11:09 Abhishek : max pain in bnf..anuone?
11:09 HK : this one 10:00 HK : wont stop will 25 k, and 578, mentioned ydy
11:09 Uttam : no wonder it stalled there before taggging 25035 cos you exited 😉
11:09 HK : am a bit ambitious on NF let us see
11:10 Praneeth : +1 HK
11:10 Uttam : BNF is its normal beast mode today
11:10 Uttam : 430 points from lows in 2 hours
11:10 HK : thx Uttam
11:13 Uttam : 25024.4 new high 10 more to go
11:14 Boppanna : High so far 25024 10:37 Shai : 25027 is RBI day seller
11:15 Shai : the sellers are just throwing everything at the buyers here
11:15 Uttam : yes Shai & it is all getting absorbed looks like
11:15 Shai : yes price not bending
11:16 Uttam : some more absorption & these sellers only will fuel a big rally up
11:16 Praneeth : if E doesn’t extend then good for bears?
11:16 Shai : G is the decider today
11:17 Uttam : some reds here in NF
11:17 Uttam : at IBH
11:21 Himanshu : uttam now heading for 10398?
11:21 Uttam : E making lower low & lower hihg
11:21 Uttam : OTF up stops
11:21 Uttam : 10420 if not held then can tag vwap & 10400 levels
11:21 Favi null : @shai intra reference for BANKNIFTY
11:22 Uttam : (11:02) Uttam : stuck sellers may not let it go below 10420-425
11:22 Uttam : BNF has singles at 24910-880 which should act as intra sup now
11:23 Uttam : NF has so many stuck sellers that each dip may be used by them to exit
11:24 Shai : 25050/ 24850 – (11:21) Favi null: @shai intra reference for BANKNIFTY
11:28 HK : loaded more in BNf for 150, sl 930
11:28 Sumit : 50 k in bng stop order?
11:29 Sumit : or seller?
11:32 Uttam : boom boom BNF beat
11:32 TP : rbi day singles done in bn
11:32 Uttam : 25150 to be tagged RBI high
11:32 Shai : yes zoomed through that singles
11:32 Uttam : (11:10) Uttam : BNF is its normal beast mode today
11:33 Uttam : NF not making new highs still
11:33 HK : done and dusted 10:18 HK : BNf is the guy to watch for 25150 11:28 HK : loaded more in BNf for 150, sl 930
11:33 Uttam : 10487 calling
11:33 Uttam : not it does
11:33 Uttam : now*
11:33 Shai : Intra – Buy BankNifty 25155 sl of 25040 tgt 25344
11:33 Mihir : HK 🙂
11:34 Mihir : Done done done! 150
11:34 HK : not BNf is beyond my bounds
11:34 Mihir : Booked 50% of bnf 25k ces at 222
11:35 Mihir : 28 rs entry
11:35 Mihir : Whateey day!
11:36 Uttam : 25209 & 25300 next in BNF
11:36 Mihir : Uttam ek small drop to reload.
11:36 HK : BNf to stall herre
11:37 Shai : Good one Mihir
11:37 Uttam : 25035 is the new ext handle of BNF now
11:37 Shai : I was yeing that 117 did not fill
11:37 Mihir : Thanks chief. I was looking at rbi days short.
11:37 Mihir : I felt they all were sitting from 25k to 25180 range.
11:38 Uttam : NF has some good supply built up at 10460 levels here
11:38 Mihir : Chief we’ve got sellers back in bnf/
11:38 Uttam : needs a frsh push up or can check the 425-400 levels
11:38 Himanshu : 82 k sellers in NF?
11:39 Mihir : Can you adj 30 min for bnf?
11:43 Mihir : Nice reds in bnf
11:43 Shai : Make exits in the BankNifty longs 25125- 25135
11:46 HK : 150-100 11:36 HK : BNf to stall herre
11:47 Mihir : 050 coming?
11:48 Uttam : (11:38) Uttam : needs a frsh push up or can check the 425-400 levels
11:48 TP : bn dpoc/vwap still way down 24850 -880
11:48 Boppanna : BNF may check at 030
11:48 Mihir : Yay!
11:48 Boppanna : 25030
11:48 Uttam : 10425 here in NF
11:48 Mihir : Bring it on bop. out half of the puts.
11:49 Mihir : All out!
11:49 Himanshu : fresh selling in NF?
11:51 Prudhvi : looks like a P
11:51 Abhishek : bnf rejected from 5-10-18 high
11:52 Mihir : 055 thus far (11:47) Mihir : 050 coming?
11:54 Mihir : nice greens at prev 5 min poc.
11:54 Mihir : Pullback move low 055
11:55 Prudhvi : when was the last time we had a trend day in nf? anyone?
11:59 Mihir : And follow up too (11:54) Mihir : nice greens at prev 5 min poc.
12:00 Mihir : RK this kinda profile not good for long term?
12:01 RK : Mihir elongated profile from composite low is not going to help in a big way
12:01 RK : most of the times it would be retraced
12:01 Mihir : Okay.
12:01 Shai : Intra – Buy 10300 pe at 105- 106 sl of 81 tgt 155
12:02 Mihir : Thanks Rk.
12:05 Shai : 10200 pe also picked up huge
12:05 Shai : last leg up done through BNF
12:05 Shai : NF was stalled
12:06 Shai : currently weaker of the 2
12:06 Shai : F is LL
12:06 Uttam : yep Shai after E making an utside bar
12:22 RK : if G goes above F means NF going for 480/530 today
12:22 Mihir : Yes rk!
12:22 Uttam : yes G period now key & even Shai mentioned that in the morning
12:22 RK : ok
12:23 Uttam : G above E you mean RK?
12:23 RK : F as that is a whip bar which stopped OTF..so above F means one time frame is back
12:24 Uttam : G already made higher high than F
12:24 Mihir : Staying above ibh is getting riskier for shorts.
12:24 Shai : yes 480 cross is for 560 close
12:24 RK : now yes
12:25 Uttam : 10456 on spot which is day high so far if goes then can have a trend day up
12:25 RK : I allow min 4 points to consider that as done Uttam
12:29 Uttam : oh ok RK 🙂 thanks for that input
12:31 Mihir : 68k seller feeling heat?
12:31 Mihir : in bnf.
12:31 Mihir : Baaaaam!
12:31 Mihir : 50k seller at top bnf.
12:32 Mihir : Shai refresh needed?
12:32 Uttam : (11:36) Uttam : 25209 & 25300 next in BNF…25209 done
12:34 Mihir : Congrats uttam 🙂
12:34 HK : super Uttam u rock man
12:36 Uttam : 50k seller at 25220 in BNF
12:37 Uttam : on 30mins 2 block of 50k each at top here
12:37 Mihir : Yes uttam looks like.
12:37 Mihir : Big numbers. Can slide quick.
12:40 Mihir : Uttam can be longs booking out?
12:40 Mihir : But numbers are big right?
12:41 Uttam : can be a mix of both Mihir but we are having a trend day set up so big reds getting absorbed is ideal
12:41 TP : So G period does it’s job DHI printed on both .
12:42 Uttam : NF just missed by 2 points Tej
12:42 Uttam : 10469.5 & 10467
12:42 Uttam : E still holds
12:42 Himanshu : so OTF finally stopped or resumed?
12:42 TP : oops third umpire always correct 😉
12:42 Uttam : lol
12:42 Mihir : TP 🙂
12:44 Mihir : Hi bots. go below 120 now.
12:49 TP : bnf no premium nf just 10 points.
12:49 Praneeth : You got it mihir
12:50 Mihir : Sweet 🙂 (12:44) Mihir : Hi bots. go below 120 now.
12:50 Mihir : Bestest day of VT thus far.
12:50 TP : i tght you said that for nf …swing wala 😉
12:50 Mihir : TP fast and furious 🙂
12:50 TP : congrats Mihir.
12:50 Mihir : Thanks TP.
12:51 Praneeth : vwap test in bnf?
12:53 Mihir : Can go 030 again if Bop wants.
12:54 Uttam : all on I period now RK?
12:54 Uttam : H making lower low here
12:59 Boppanna : Just an obsvn that 25000ce made a high right at where 30 min candle closed on that RBI news day..
13:00 Uttam : (12:25) Uttam : 10456 on spot which is day high so far if goes then can have a trend day up….
13:00 Uttam : spot made a new high but just 1 point higher
13:01 Shai : H at Vwap
13:04 Porus : If vwap survives, we shld have a PBL?
13:05 Mihir : Need to make new ID High now.
13:05 Mihir : nf.
13:10 Praneeth : rbi day selling tail getting accepted not good for sellers?
13:18 Mihir : BNF making up for small range yesterday.
13:18 TP : 65k
13:18 TP : at dpoc
13:20 TP : these 52,55,82 resd on 30 min give up we that 344 on bn.
13:20 Mihir : tp 3ib
13:20 Mihir : Kardo
13:22 HK : 25700 opened up for tomm IMO
13:23 Shai : Clsoe the 10300 pe at 94-95.
13:24 Shai : BNF is in a murderous mood today
13:24 Mihir : Chief any news?
13:25 Shai : NBFC- SBI
13:25 Boppanna : Shai can we zoom in a bit on that 25000pe pls
13:25 Mihir : aah that bugger.
13:26 Mihir : Big sellers constantly popping up
13:26 Mihir : though.
13:27 Boppanna : thx
13:28 Shai : Buy 25300 ce at 78 sl of 52 tgt 115.
13:28 Uttam : NF most likely looks heade for p+spike today
13:28 Mihir : Uttam waiting my friend!
13:29 Uttam : 10487 almost here NF
13:29 Sumit : 141 k red in nf
13:29 Sumit : stop or new seller ?
13:30 Mihir : Sweet (13:05) Mihir : Need to make new ID High now.
13:30 Shai : stops
13:30 Uttam : 1atr of weekly FA done
13:31 Uttam : NF yet to do 1.5IB thanks to the big IB
13:31 Uttam : 10487 done & dusted
13:31 Uttam : spot now above 10456
13:31 Mihir : Ati Uttam! 🙂
13:31 Mihir : baby bears squished!
13:33 Uttam : 10483 vpoc also tagged in NF in this process
13:37 Shai : last fight at 10489
13:37 Shai : if bears don’t fight here we have 560 on screen-(12:24) Shai : yes 480 cross is for 560 close
13:37 Narendra : (13:26) Mihir : Big sellers constantly popping up. r they comming here at 474??
13:38 Mihir : Narendra bnf I meant.
13:38 Uttam : 10588 please Shai by close or tom as that would be 2atr move from 10212
13:40 Mihir : 122K vs 39k at 30 min bar poc in bnf
13:41 Mihir : Uttam. but nice reds on top. Need to be scared or gap up will be ideal.
13:41 TP : 206 in place am goiing with him ……(10:49) Shai : 10481 supply in NF
13:41 Mihir : TP 🙂 me too in the ride.
13:41 Mihir : But bnf.
13:42 TP : Green MTM worth the small risk 😉
13:43 Mihir : USD spiked up. BNF spiked down. same time.
13:44 Shai : 141K is this new seller at 10478
13:45 Mihir : Oh okay thanks chief. doesn’t show aggressive red over there.
13:46 Mihir : Tp you giving 170 in bnf?
13:49 Mihir : Thanks
13:49 Shai : This market is down still and headed to lower levels. Today’s OF confirms we will head lower some more
13:50 Shai : just for us to pick the levels out and chime in
13:50 Mihir : +1 chief.
13:50 HK : +1 Shai
13:50 Mihir : Playing along.
13:50 Mihir : Level to level.
13:50 Shai : but yes on days like today if you are swing trading, the market tells you that it will move on it’s time not yours or mine
13:50 Pradeep : Shai: are the presence of larger sellers that indicate the downside ?
13:51 Shai : yes
13:51 Shai : these guys are big . Don’t mistake them for intra day
13:51 Mihir : Can this be relief rally or a setup?
13:51 Boppanna : Shai reference spot levels for BN on the upside
13:51 Mihir : to trap one side?
13:51 Pradeep : are we movid to the low of FA from Monday?
13:52 Shai : 25344 BNF next ref
13:52 HK : This is news based move and once euphoria gets over, trend resumes
13:52 Shai : We have to break into that other FAat 10420 for quick momentum
13:52 Shai : for the other FAat 10212
13:52 Pradeep : ok
13:52 Shai : that will be the trigger for a 200 point drop
13:53 Shai : 10425 was defended 2 times
13:53 Uttam : weekly Fa again proving effective Shai 🙂 10232 was IBL & 10212 was the FA and 1atr from there got tagged at 10487
13:58 Shai : BNF strength is still thetre
14:10 HK : Shai, 10200 PE, sl in system??
14:12 Shai : No not yet
14:12 Shai : review is at 3 pm
14:12 HK : Thx Shai
14:13 Shai : Book the 25300 ce fully at 95
14:13 Shai : @HK anything diff you saw in any of those NBFC scrips today?
14:14 Mihir : Chief nbfcs have moved on SC move.
14:14 HK : I dont track NBFC scrips but humungous amount of liquidity injected into the system
14:14 HK : NBFCs are still short on rise, can do a 50% cut
14:15 Mihir : going for 25330
14:15 HK : But last 2 weeks, BNF was pretty strong IMO, said few times in the room
14:16 HK : INR wont fall becos short term bonds purchases still not allowed (short term)
14:16 Mihir : HK 🙂
14:16 Mihir : salami kabool!
14:16 HK : ST bonds can only be 10% of the overall LT pf, who cares man
14:18 HK : You should see how 24600 zone was defended yday, there were huge guys loading up longs
14:19 Shai : this is defintely cash driven BNF / Finance/
14:19 Shai : can make out from the prem cut
14:19 Shai : all index shorts stayed
14:19 TP : +1
14:20 Mihir : Chief 2.30 move coming?
14:21 HK : In a move like this BNF gets another 300-400 pts follow up move and hence I am biased for 25700
14:22 HK : I was playing for 2 ATr move in NF FA
14:22 HK : 9600 stays still
14:22 HK : I remeber early this year (Feb) shai mentioned that 9600 zone need to be auctioned (have written it down somewhere)
14:23 HK : He also issued a short call for 9921
14:24 HK : There is so much to learn from this man, he is a ocean of wealth
14:24 Mihir : +1 hk.
14:25 Mihir : Also, so modest.
14:25 HK : One who is willing to teach while he trades real time, you wont find anyone like him
14:26 HK : Even now I am seeing traders who claim to be in markets (wont name them) for 3 decades calling this as bottom 🙂
14:27 Shai : BN 24850 foreced some short out
14:27 Shai : could close at highs
14:27 Mihir : 332 high (14:15) Mihir : going for 25330
14:28 Shai : 25530 is series highs
14:28 Shai : spot*
14:28 Shai : just checked NF – NO change from that 2.30 low of 8th Oct
14:28 Shai : so NF all shorts are definitelly in
14:28 Shai : BNF has the covering
14:30 Praneeth : shai, whats the best price in bnf to buy in this pull back?
14:31 Shai : 25200
14:31 Praneeth : thanks shai
14:32 Mihir : chief sell intent quite heavy in bnf.
14:32 Shai : yes long cash short F again in BNF
14:32 Shai : all thiose covers from 840 are adding back
14:33 Mihir : Riding pes
14:33 Mihir : should hold?
14:33 Mihir : phew.
14:37 Gaurav : The NF pe should be exited at sl or can hold beyond that too Shai?
14:37 HK : @gaurav, review at 3 pm
14:37 Gaurav : Thanks HK
14:38 Pradeep : Shai: Is BNF a good trend day with new buying or just a short covering of retail money?
14:38 Pradeep : What is a good time to look for shorts towars 24300 FA?
14:39 Shai : short covering – (14:28) Shai : BNF has the covering
14:41 Shai : Intra – Buy BankNifty 25320 sl of 25200 tgt 25470
14:47 Uttam : Nf hsorts can still be forced out Shai?
14:47 Mihir : 10525 close.
14:48 Uttam : BNF tags 25300 vpoc also & still headed higher
14:49 HK : BN stuggling a bit
14:50 Praneeth : HK, since morning its struggling and moving higher 😉
14:50 Uttam : lol Praneeth
14:50 Uttam : 800 points in a day HK
14:50 Uttam : so please give it some much needed respite
14:51 Uttam : can only see a spike close here on with shorts being forced to take a hit (p+spike)
14:51 HK : leave some for tomm Uttam
14:51 Praneeth : ppl who made money playing contra hats off to them
14:52 Uttam : NF needs a good move away here
14:52 Mihir : Praneeth you out with shorts?
14:53 Praneeth : yes..
14:53 Mihir : Okay.
14:53 Praneeth : dip buying..
14:53 Mihir : Nice good you SAR.
14:53 Mihir : 🙂
14:53 Uttam : 25380 is 2atr in BNF from FA of 24285
14:53 Praneeth : ye.. thanks..
14:53 Uttam : so can get there by close
14:55 Praneeth : anyone, where bnf pain ?
14:55 Uttam : spot making new highs
14:55 Uttam : Nifty
14:55 TP : weekly bn op at 246k
14:56 Uttam : ??? Tej still
14:56 TP : yes surprised
14:58 TP : only quntsapp showing 25k.
14:58 Praneeth : oh.. thanks uttam
14:58 Porus : My calculated NF OP fell from morning 10750 to now 10650
14:58 Praneeth : any chance of move like yesterday same time
14:58 TP : NF op at 107k
15:03 HK : BNF in disc
15:05 Himanshu : shai now that FA at 10424..negated ?
15:06 Uttam : yes and if we close above it today & stay above tom then 1atr from there is 10622
15:06 Mihir : Uttam atr from FA you count na?
15:07 Uttam : yep
15:07 Mihir : Thanks!
15:07 Himanshu : uttam in that case FA at 10212..will remains to be visited and stron ST bottom?
15:08 Uttam : t+5 is the time the FA could be revisted
15:08 Uttam : if not by then can take it as a strong sup
15:09 Himanshu : we have time till tuesday?
15:09 Uttam : yep
15:09 Himanshu : ok
15:09 Uttam : as in some cases we can consider t+6 Shai has told us
15:11 TP : 10 % vix crush before weekly expiry.
15:12 Praneeth : uttam, still spike close possible in bnf?
15:12 Uttam : time up for a Praneetspike
15:12 Uttam : sorry
15:12 Uttam : time up for a spike
15:12 Uttam : dpoc in both will be imp reference for tom now
15:13 Praneeth : ok
15:13 Upendra : any chance for gap up tomorrow??
15:14 Shai : No
15:14 Upendra : okay
15:14 HK : 330-280 14:49 HK : BN stuggling a bit
15:14 Shai : Positional update : add 50% to the 10200 PE at 66 here. Maintain a new TSL of 56 for the full position
15:15 Gaurav : Thanks for the update
15:15 Shai : if 10490 is crossed we exit tom
15:15 Shai : can also add if 10420 breaks
15:17 Shai : Book out the BNF longs at 25330
15:18 RK : Shai BNF if fails to close above 25300 retest 24900 tmw?
15:19 Uttam : RK BNF doing its best to stay above 25300 after your post 😉
15:19 Shai : trend days don;t show much follow through
15:20 Shai : 25200 dpoc breaks we go much lower
15:20 Uttam : NF is just a normal variation Shai? p profile?
15:20 Shai : 24850 then
15:20 Uttam : +1
15:20 RK : 25050-80 retest min am expecting
15:20 RK : lets see
15:21 Shai : Just to be clear o the thought process here for the NF, the bear has to break 10420 F again for downside momentum
15:21 Shai : we hot RBI soc and stalled today but above 10490 we go to 10560 and possible the jitley soc at 10650/ 10700
15:21 Shai : still 10710 max it do
15:21 Upendra : understood
15:22 HK : jetlee SOC lol
15:22 Mihir : RK below 25240 safe haven for 25050.
15:22 RK : tmw IB we do quick test at today VWAP in both and then move up is my expectation..just mechanical bounce
15:22 Mihir : 127k seller there in bnf. 230 240 range.
15:23 RK : ok
15:23 Mihir : 5 min in side bar with poc imb. This can close at highs.
15:23 Uttam : RK BNF well above 25300 now your scare worked 😉
15:25 Mihir : Shai just saw this https://vtrender.slack.com/files/U0F31QRM5/FDA8CQJ7K/odrivedown.png
15:25 Mihir : nice one.
15:25 HK : good thing is they did not spike,
15:25 Mihir : poc imb continues in 5 min.
15:26 HK : a spike would made it messy to trade
15:27 Shai : 10450 dpoc of the P
15:27 Uttam : yes Shai
15:27 Shai : the seller could not break it today
15:27 Shai : first time this series
15:27 Shai : all due to sterngth in BNF
15:28 Mihir : 129k seller here. Vs 93
15:28 Mihir : Are these intra guys closing up?
15:28 TP : big vol bar dpoc moves to 470
15:28 Shai : yes
15:28 Praneeth : shai, usdinr can move down?
15:28 Mihir : TP people booking and going home. The wageworkers like us.
15:28 Mihir : 😛
15:29 Shai : 2 big guys
15:29 TP : 🙂 both from the room i guess.
15:29 Mihir : haha!
15:29 Shai : usdinr below 74.35 for 74.22
15:29 Shai : 🙂
15:29 Shai : Bye all
15:29 Mihir : Have a wonderful evening!
15:29 Praneeth : bye all
15:29 Shai : Have a nice evening
15:29 Uttam : trend day vwap gone in USD INR Shai?
15:29 TP : Bye All.
15:29 Uttam : thanks All 🙂 have a lovely evening
15:36 RD Arora : bye all