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
09:00 Vtrender Live : (08:59) Vtrender Live: option charts – https://join.me/884-480-258
(09:00) Vtrender Live: 30 min charts – https://global.gotomeeting.com/join/367531805
09:15 RK : (09:15) RK : Short NF 50%25 10875 SL 10905 obj 10840
09:39 RK : (09:39) RK : make exit at 10870 (09:15) RK : Short NF 50%25 10875 SL 10905 obj 10840
10:07 RK : (10:07) RK : Long NF 10860 for 10890 SL 10830
11:33 RK : (11:32) RK : Stopped (10:07) RK : Long NF 10860 for 10890 SL 10830
11:39 RK : (11:39) RK : Keep limit order for 50%25 short NF at 10835 with SL 10870 for 10720 obj
12:28 RK : (12:27) RK : Modify short entry to 10825 from 10835 and keep SL as 10865 instead of 10870 for the NF 50%25 (11:39) RK : Keep limit order for 50%25 short NF at 10835 with SL 10870 for 10720 obj
12:48 Shai : (12:48) Shai : update – close out the 10600 pe and 11200 ceat a net of 92 here
13:22 RK : (13:21) RK : cancel this (12:27) RK : Modify short entry to 10825 from 10835 and keep SL as 10865 instead of 10870 for the NF 50%25 (11:39) RK : Keep limit order for 50%25 short NF at 10835 with SL 10870 for 10720 obj
13:25 RK : (13:25) RK : Long NF 10805 SL 10789 for 10840
13:54 RK : (13:54) RK : stopped (13:25) RK : Long NF 10805 SL 10789 for 10840
14:12 RK : (14:12) RK : Long NF again above 10805 SL 10785 for 10840
14:47 RK : (14:46) RK : move SL to 10805 (14:12) RK : Long NF again above 10805 SL 10785 for 10840
15:03 RK : (15:03) RK : part book 10835 and wait for 10850 .. move SL to 10815 (14:46) RK : move SL to 10805 (14:12) RK : Long NF again above 10805 SL 10785 for 10840
15:04 Shai : (15:04) Shai : BTST- Buy BankNifty 27610 sl of 27470 tgt 27800
15:05 RK : (15:05) RK : book full 10838 (15:03) RK : part book 10835 and wait for 10850 .. move SL to 10815 (14:46) RK : move SL to 10805 (14:12) RK : Long NF again above 10805 SL 10785 for 10840
08:59 Vtrender Live : option charts – https://join.me/884-480-258
09:00 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/367531805
09:01 Shai : GM all
09:02 Himanshu : gm all
09:02 Shai : https://vtrender.in/market-profile-analysis-dated-10th-jan/
09:02 Srinivas : Very Good Morning. first day here. hope to learn
09:02 Shai : GM Srinivas welcome aboard
09:03 Ajay null : gm. same as Mr srinivas .
09:04 Shubro : Hi GM Srinivas ji
09:04 Srinivas : thank you all
09:04 Shubro : GM everyone too!!
09:05 Manjunath : GM all…..
09:06 Uttam : Good Morning All 🙂
09:06 Uttam : Welcome to VT Srinivas & Ajay
09:07 Ashish : GM all
09:07 Jitender : Gm Folks 🙂
09:09 Sanjay : GM
09:10 Vinay : Gm all\
09:10 TP : GM All.
09:11 Vinay : GM Srinivas & Ajay..was in the same position abiout a month and a half ago…and I am slowly learning the basics still.. Welcome and this is an amazing peer group..Helpful..positive and informative..
09:11 RK : GM Shai and all
09:11 Srinivas : thanks vinay
09:15 Shai : +1 Glad to hhear Vinay- (09:11) Vinay : GM Srinivas & Ajay..was in the same position abiout a month and a half ago…and I am slowly learning the basics still.. Welcome and this is an amazing peer group..Helpful..positive and informative..
09:15 RK : Short NF 50% 10875 SL 10905 obj 10840
09:16 Ashish : charts working?
09:16 Navaneeth : @Ashish Working fine\
09:17 Ashish : thanks navaneeht
09:23 Amit : +1 vinay(09:11) Vinay : GM Srinivas & Ajay..was in the same position abiout a month and a half ago…and I am slowly learning the basics still.. Welcome and this is an amazing peer group..Helpful..positive and informative..
09:24 Uttam : OAIR & low volumes once again today also
09:24 Uttam : both still in the balance
09:24 Vinay : its true Shai….valuable bunch of peers…
09:25 Uttam : both NF & BNF taking sup right at the POC
09:26 Uttam : 10866 & 27641
09:26 Shai : open showing NO OTF and within range and value
09:26 Shai : so what should you be doing?
09:26 Shai : BNF highs secire at 27700
09:27 Shai : secure*
09:27 TP : playing stocks chief 😉
09:27 Shai : per Orderflow that is
09:27 Vinay : Shai..play the move from VAH-VAL
09:27 Shai : can’t believe you are syaing that TP. This is made for you
09:28 Subhodeep : make myself my first cup oftea and watch of like a hawk
09:28 Vinay : as its not being rejected out of VAH…and big sellers are there at the 880 levels for many days
09:28 TP : Chief TCS done for morning .
09:28 Shai : +1
09:29 Vinay : RK..can you please explain why you chose to take the short?
09:33 Navaneeth : @Vinayn ji Can u share* the idea ( not Explain ) 😀
09:34 Vinay : Navneeth sorry i did not get you
09:34 Navaneeth : Nothing. Leave it. Was just kidding..
09:35 Sanjay : Looking for a buyer in NF. Last chance for bulls 🙁
09:36 RK : Vinay 80% down
09:36 Vinay : thanks.. RK..thats what I had guessed and answered Shai too..
09:39 RK : make exit at 10870 (09:15) RK : Short NF 50% 10875 SL 10905 obj 10840
09:39 RK : might do 10890
09:39 RK : before going down
09:40 Uttam : 12k green in NF at top of 5mins
09:41 Sanjay : these buyers should have come at 860 🙁
09:42 Uttam : that 13k green seems like the 11k red of lowsgetting out
09:43 Uttam : still only locals trapping each other
09:43 Sanjay : Ok Sir.
09:45 RK : that 863-861 was kind of exhaustion in NF for the open..so expected more auction around open and VWAP..
09:47 Shubro : RK hi GM. Assuming if B series is unable to cross A highs does thtat give any indication or need further direction from C to build conviction today?
09:48 RK : even after D completion we wont get clear picture in OAIR
09:48 Vinay : Shubro..it seems vols are very low for the IB period..seems like
09:48 RK : if you have bias then you need to just define risk and shoot
09:49 RK : conservative can play any one side on OAIR and agressive can play both side by having price boundary and decent filter
09:49 Shubro : Sure RK. Low volumes are to be intepreted from an MP perspective as what? Balance around this point?
09:50 Shubro : Hi Vinay yes ofcourse. Need to understand what to keep looking at to form a view
09:50 Ravi : Is there any specific filters to be used RK(09:49) RK : conservative can play any one side on OAIR and agressive can play both side by having price boundary and decent filter
09:51 RK : yday is almost wide poc and at open if you dont run away from that poc then tend to build auction around day open and vwap (09:49) Shubro : Sure RK. Low volumes are to be intepreted from an MP perspective as what? Balance around this point?
09:51 RK : not only yday but last 3-4 days bell poc around thi 865-870
09:51 Uttam : plus NF is also rotating around the open RK so low conviction day today ?
09:52 RK : unless OTF shows up locals will be doing a elastic bands play here..run away and come back to this level
09:52 RK : yes Uttam
09:52 Manjunath : RK _/\_ _/\_ _/\_ Nice explanation
09:59 Manjunath : 3rd consecutive OAIR in NF. Break can be in either direction or is there a bias based on nos of OAIR days?
10:00 Ravi : (09:50) Ravi : Is there any specific filters to be used RK(09:49) RK : conservative can play any one side on OAIR and agressive can play both side by having price boundary and decent filter
10:01 RK : fix the boundary like dVAH/dVAL or VAH/VAL based on range and keep 15-20 filter to fade those boundary
10:01 RK : only in first session
10:02 Ravi : Tq RK
10:04 Subhodeep : rk does it look like c shall show the way ?
10:05 RK : no idea
10:05 Uttam : (09:48) RK : even after D completion we wont get clear picture in OAIR
10:05 Subhodeep : dval if breached we shoudl get some cents way down ?
10:07 RK : Long NF 10860 for 10890 SL 10830
10:11 Shubro : trifecta?
10:11 Shai : small one
10:12 Shai : green band at VAL
10:13 Uttam : but has got some reds stuck there at lows
10:21 MJ : Waiting for a FRYday.
10:21 Subhodeep : ditto
10:21 Subhodeep : mrng mj
10:21 Gaurav : BNF extends
10:21 Shai : C
10:22 MJ : Subhodeep. FRYday doesn’t mean downside extension only. But in second half some crazy moves to adj inventory. So will be patient. And we are getting C period extension too 🙂
10:24 Amit : Shai, charts are updating very slow today, is there a problem or its my side?
10:26 Shai : charts are fine Amit
10:26 Amit : ok thx let me relogin
10:26 Subhodeep : 10:22 MJ : Subhodeep. FRYday doesn’t mean downside extension only. But in second half some crazy moves to adj inventory. So will be patient. And we are getting C period extension too 🙂 :):):)
10:27 Subhodeep : would be happy if 824 arrive
10:28 Manjunath : before that let it go to IBH once…:)
10:31 Pinkpython : any comments on the 23k buyer in BNF
10:31 Shai : 23k?
10:31 Pinkpython : sorry NF
10:31 Shai : where?
10:32 Shai : low not yet secure @pinkpython
10:32 Pinkpython : Ok @shai
10:32 Shai : but these buyers have been here from 2 days
10:32 Shai : so nothing new
10:32 Pinkpython : ok
10:34 Shai : now in C and D we just monitor for confident sellers below IB
10:34 Subhodeep : noted
10:35 Shai : if these buyers keep showing up aroudn 2.30 to 3 we may see a mark up to highs
10:35 Shai : remember not everyone is a 5 min trader or an intra one
10:35 Shai : note the time frame lesson
10:37 Boppanna : First target a) BNF sustaining below 27640 will be weak for test of 27585 & 27535
10:37 Shai : BNF a long here
10:37 Shai : sl of 27530
10:38 Subhodeep : @ shai how does one gauge rather how do you gauge when a low is secure?
10:38 Shai : there was no supply there
10:38 Shai : +15 k buyer
10:39 Uttam : reds in NF
10:39 Uttam : -58k COT
10:39 Uttam : 10840 probe done
10:40 Sumit : lots of green in bnf
10:41 Shai : C side extension in play
10:42 Shai : looking for 10636/ 10660
10:43 Pradeep : SHai: 10660 or 10860?
10:43 Uttam : 26660 BNF
10:43 Uttam : 26636
10:43 Pradeep : Shai you mentioned BNF long here
10:44 Shai : 27630/ 27660
10:44 Himanshu : some decent reds stuck?
10:44 Himanshu : nf
10:44 Uttam : sorry my bad
10:53 Shai : a quick entry abv dval/ IBL needed in D to secure the trade
10:54 Shai : you can maje out through the COT that the seller is trying to neutralise the buying seen here
10:58 Ravi : @Shai why stuck buyers or sellers so powerful at breakout trades
10:59 Shai : where was the breakout?
10:59 Ravi : In geneal i am asking
10:59 Ravi : general
11:00 Shai : No they are not
11:00 Shai : wrong definition of breakout in most cases
11:00 Ravi : ok
11:07 MJ : Seems we are not going up without 824.
11:07 MJ : Of Subhodeep.
11:07 Uttam : trifecta of reds in NF though numbers are small
11:09 Shai : D has 5 mins
11:10 MJ : 50k NIFTY F19-NSF Signal Action Alarm! 10840.80 at 11:10:53 Heatseeker- Responsive Buying may emerge
11:10 Manjunath : Fresh 50k buyer in NF
11:10 Subhodeep : 11:07 MJ : Of Subhodeep. 🙂
11:11 MJ : RK DLO – 5 pt applies here? with OF imbalance?
11:11 Subhodeep : @mj parwaha jayega to dilmaange ga 806 🙂 and then again i shall remember shais words of day befoer yesterday
11:11 RK : whatyou got to lose just 5 points..so just shoot 🙂
11:12 RK : @MJ
11:12 MJ : Already in.
11:12 MJ : 😉
11:12 Manjunath : 🙂
11:12 MJ : No just wanted to check if situation like this demands small filter SL.
11:12 MJ : Thanks RK.
11:12 RK : yday tail and and buyer coming..so lets give him a chance to see if he can get VWAP
11:13 Himanshu : at 50k buyer RK?(11:11) RK : whatyou got to lose just 5 points..so just shoot 🙂
11:13 RK : yes Himanshu
11:13 MJ : Chalo ji. Let’s….
11:14 RK : am looking for 10875 min as long as we hold PDL
11:14 MJ : Same.
11:15 Subhodeep : which means mere 824 ka probability hain 🙂
11:15 Manjunath : 10875 is dvah?
11:15 RK : VAH
11:15 RK : and dPOC
11:15 Manjunath : ok – tks
11:16 RK : Subho as long as holding below 10855 you have your chance for 825-830 test
11:16 RK : once D is done E should try to scale up else weak for bulls
11:16 Subhodeep : @rk roger
11:16 Subhodeep : i am nimble
11:16 RK : 850 VAL and 855 IBL so this zone under watch now
11:17 Subhodeep : learning the ropes of 5 min candle trading from you all
11:17 RK : if this accepts then slow move towards possible till 875-880 else swipe for longs at PDL
11:18 RK : *swipe for longs SL
11:18 Uttam : another red trifecta and again small numners in NF
11:18 RK : BNF struggling to enter into PD range
11:18 Manjunath : These people are trying for fresh shorts here?
11:18 Himanshu : thanks rk (11:13) RK : yes Himanshu
11:20 MJ : One of the Trifecta legs eaten up.
11:21 MJ : This Series there are many tpos near RO point
11:23 Shai : is the date of the interim budget out?
11:23 Subhodeep : 31st imho vote of account
11:23 Shai : but not confirmed right?
11:24 Shai : last year was 1st or 2nd I think
11:24 Subhodeep : not yet i presume
11:24 Subhodeep : but going by history 1st day of budget session since the time they preponed it
11:24 Uttam : Nf needs to get above 10850-855, that 12k green at top pausing the move up
11:24 Ravi : IMO NF is waiting for Uttam tag call for going up
11:25 Sanjay : Thanks
11:25 Manjunath : @Uttam 12k in NF with green box is fresh buy?
11:26 Sanjay : Could be trapped buyers?
11:26 Subhodeep : @rk if we start building value here wont the immediate auctions be down till day open of today not taken out ?
11:26 Subhodeep : am trying to understand from the market profile perspective rk
11:27 RK : tes more TPOS below 850 is weak
11:27 RK : TPOs
11:27 Subhodeep : gotyou
11:27 RK : thats why said need to scale 850-855 band
11:28 Subhodeep : and thus far they are not doing a good job 🙂
11:28 Subhodeep : imho
11:29 MJ : 12k the excited puppy.
11:29 Subhodeep : lol
11:30 Subhodeep : gues shewanted it above 850 to initiate
11:30 Uttam : or a stuck red puking
11:30 Sanjay : 12k has money but not brain? 🙂
11:30 Shubro : possible DD day RK for NF?
11:31 Subhodeep : @uttam when the algos come what kind of numbers does one see as in in your viewings whats the kind of nos you have encountered or are they masked well?
11:32 MJ : Shubro everyone wants DD since two days. Hope you go and deliver it 🙂
11:32 MJ : 2nd coffee since morning.
11:32 Shubro : haha i finished cuppa
11:32 MJ : And just 2 trades. Phew.
11:32 Subhodeep : 3rd tea till 824 mj
11:32 Subhodeep : done
11:32 Sumit : 2 lks in nf green
11:32 RK : Stopped (10:07) RK : Long NF 10860 for 10890 SL 10830
11:32 Shai : no those are stops
11:33 Uttam : NF completes 2IB
11:33 Subhodeep : shai the short guys should hold a fo r what obj please advise
11:34 Boppanna : Second target 10:37 Boppanna : First target a) BNF sustaining below 27640 will be weak for test of 27585 & 27535
11:34 Shai : exit
11:34 Subhodeep : or just trail?
11:34 Shai : exit longs – C side not working todayt
11:34 Shai : massive liquidity issue here
11:35 Subhodeep : @mj 806 does too
11:35 Shai : a sleeping market just got surprised
11:35 Uttam : *c) Sustaining below 10865, NF can tag 10830 & 10815**d) NF has support lower at 10815 below which it can tag 10790*
11:36 Shai : 10823 is a multi layered pilup of orders
11:36 Shai : some longs some stops
11:36 Shai : should get revisisted now
11:36 Subhodeep : int he current 5 mn candle no demand?
11:36 Subhodeep : saw a lot of00 on top
11:36 Subhodeep : ?
11:37 Subhodeep : changed now though
11:37 Shai : yes liquidity
11:37 Shai : those 0’s are poor liquidity conditions
11:37 Subhodeep : done my dt
11:37 Subhodeep : now shall study
11:38 Jitender : 1.2xDT Shubo & Congrats
11:38 Shai : half of that 220 exited at 10805
11:38 Shai : bracket order
11:38 Subhodeep : thnkas jit
11:38 Shai : the remaining half is SL
11:39 Subhodeep : @jit learning from the few words that you tye as well
11:39 MJ : @nicely done Subhodeep.
11:39 Jitender : +1 Shubho
11:39 RK : Keep limit order for 50% short NF at 10835 with SL 10870 for 10720 obj
11:41 Subhodeep : ty mj
11:41 Uttam : NF ext handle at 10836 which is also the VAL of the composite
11:42 MJ : This guy made me quit my Long orders. And waited at the edge. (11:29) MJ : 12k the excited puppy.
11:43 Srinivas : @RK should i short now or once the market goes up to 10835
11:43 MJ : OF trades are like strategy board game.
11:43 Uttam : (11:24) Uttam : Nf needs to get above 10850-855, that 12k green at top pausing the move up
11:43 MJ : +1 Uttam.
11:43 Uttam : congrats Shubro & Jit
11:44 Subhodeep : guess you meant me uttam an r changes a lot in nomenclature
11:44 Subhodeep : 🙂
11:44 Subhodeep : thanks nonethe les
11:44 Jitender : tx Uttam & congo to u as well
11:45 Uttam : sorry yes Subhodeep 🙂 congrats
11:45 MJ : One needs to Become Paul or the other Last name.
11:45 MJ : Jit. As usual kudos 🙂
11:45 Subhodeep : then you might be asking me aboutprditing goals score in world cup
11:45 Subhodeep : @mj
11:45 MJ : Haha.
11:45 MJ : You too are from East of India?
11:46 MJ : Just like Shubro?
11:46 MJ : I’d take vwap or Rk’s short level to exit.
11:46 Subhodeep : yes i am
11:47 MJ : Nice.
11:47 MJ : Above 823 cluster is a going to be exciting.
11:48 Subhodeep : doubt it as shaisaid liquidity issue
11:48 MJ : Lowest IB vol today in past few sessions.
11:49 Subhodeep : @MJ wher areyou from
11:49 MJ : City of Dreams.
11:49 Subhodeep : mliving in m?
11:49 MJ : 🙂
11:49 Vinay : from when this started..I have this notes from Shai: 10817/10793 buyers and 10877 /860 is the big seller
11:50 MJ : Yes S.
11:51 Shai : BNF has 27420 within sights
11:52 Shai : reminder again of that volume at 10823- (11:36) Shai : 10823 is a multi layered pilup of orders
11:52 Shai : it is a cluster and not a LLT
11:52 MJ : +1 Shai.
11:53 Shai : half of it may have been a buyer trapped with a wrong fill but he has exited since
11:53 Shai : 27420 doable today in BNF
11:53 Shai : sl if vwap + filter
11:54 Shai : has managed C and D below IB
11:57 Jitender : day before view has been rewarding (15:27) Jitender : today has the probab of Jan highs
11:57 Jitender : today 2nd half will be more interesting
11:58 Jitender : bnf fatigue has given way 2 sum iquidation..n IT in nf causn sum of it
11:58 Jitender : crude 61.5
11:59 MJ : 833 Imp number for the series.
11:59 Uttam : +1 Jit and SGX made a high of 10973 that night but we did not even go above 10904 yesterday
11:59 Jitender : ys..n 2day we get a print of 27.7 w/out much vols
12:00 Uttam : even yesterday 10925 SGX printed but we ddi not even go above 10890
12:00 Jitender : yup
12:00 Uttam : also looks like that USDINR & BNF not being in sync will also come in place
12:01 Uttam : 10791 is buying tail in NF so once that gies can fall till 10765
12:01 Uttam : for now DD in the making in NF
12:02 Uttam : 10791 here
12:03 MJ : 1/8 1/9 lows you want to test once uttam? 🙂
12:03 Uttam : (11:35) Uttam : *c) Sustaining below 10865, NF can tag 10830 & 10815**d) NF has support lower at 10815 below which it can tag 10790*
12:03 Uttam : today low so far 10787
12:04 Tejus : 1.13 L green
12:04 Manjunath : +1 Uttam
12:04 Vinay : Shai the big buyer showing up at 790 again?
12:05 Uttam : NF 3 IB done
12:05 Tejus : does he fresh buyer or sl hit
12:06 MJ : Secured Lows Shai?
12:06 Uttam : that 1L green is same as those 2 54k reds at lows?
12:06 Uttam : COT also not that big on 5 mins
12:07 RK : only at 10835 as mentioned limit (11:43) Srinivas : @RK should i short now or once the market goes up to 10835
12:07 Uttam : BNf does 2 IB
12:07 Himanshu : uttam 1.13 lakhs green and 1.14 reds at lows
12:08 Uttam : staying below 10813 is bearish in NF
12:08 Uttam : reentry below 10790 can bring 10765
12:08 Uttam : just half a day done & 3IB alrwady over in NF
12:09 Jitender : yup..all positions off,,,,
12:09 Jitender : poised fr either ways
12:10 Vinay : Jit…ned to learn from you on how to be agile and unbiased when looking at the screen..have noticed it over the many days i have been here
12:10 Uttam : both have been OTF down since morning
12:10 Jitender : all learnt for Shai here Vinay
12:11 Jitender : hez a grt teacher..been here for 10yrs
12:11 Jitender : stay put here for sum time…n wud discover tat VT learning is yr edge
12:12 Uttam : NF looks like can cpoy BNF to make a bell on daily & not a DD
12:12 Manjunath : Jit & Shai _/\_
12:12 Uttam : so above 10815 can tag that ext handle of 10836
12:13 Uttam : 10790 seems to be holding for now
12:14 Subhodeep : @mj meaning 806 needs to hold otherwise you asking uttam to test8/1 low?
12:15 Uttam : DD singles as of now at 10822-10836
12:15 Ravi : Uttam invalidation 10790 for this(12:12) Uttam : so above 10815 can tag that ext handle of 10836
12:15 Shubro : did someone say DD?
12:15 Shubro : 🙂
12:15 Ravi : is it correct Uttam Invalidation?
12:15 Uttam : Shubro yes you asked in BNf but NF herad it looks like
12:16 Shubro : hehehe
12:16 Shubro : the girl upstairs liked it better
12:17 Uttam : BNf above 27560 will stop the OTF down
12:17 Uttam : dPOC in NF shifts lower to 10806
12:18 Uttam : @Ravi if NF gets above 10815 then you can keep invalidation at 10800
12:18 Ravi : Tq Uttam
12:18 Uttam : else R;R not good for that trade
12:19 Ravi : Sure Uttam
12:19 Uttam : 10801-787 singles at lows for now
12:20 MJ : Booked half 812 (12:06) MJ : Secured Lows Shai?
12:21 MJ : Let’s touch that extn.
12:22 Manjunath : @MJ…Do you mean you scalped by buying at lows and came out at 10812?
12:22 MJ : Yes Manjunath.
12:23 Manjunath : Congrats!
12:23 Subhodeep : thats mj special
12:23 MJ : Thanks.
12:23 Subhodeep : been seeing it an dadmiring for along time
12:23 Manjunath : Need to learn scalping
12:24 MJ : Subhodeep 🙂
12:24 Subhodeep : @mj 823 phir se nahi kiya na ?
12:24 MJ : Aayega. but I have a trade setup for Scalps. As per day range if I get that levels. I’d part book.
12:24 Manjunath : Nice
12:25 Subhodeep : na was preparing tea so wasnt at my desk for arnd 10 mins
12:25 MJ : Other half is at cost. No emotions attached.
12:25 Subhodeep : hence asked
12:25 MJ : Hehe.
12:26 Manjunath : Masala chai or green tea? :p
12:26 MJ : Manjunath. As jit says. First get a knack of which timeframe is the best for your trading style and stick to that.
12:27 Manjunath : True
12:27 RK : Modify short entry to 10825 from 10835 and keep SL as 10865 instead of 10870 for the NF 50% (11:39) RK : Keep limit order for 50% short NF at 10835 with SL 10870 for 10720 obj
12:29 Shai : shaping as a DD
12:29 Shai : 10833 ext handle on watch for close
12:30 Rajiv : AG goes short!
12:38 Uttam : NF stuck between the 2 big greens of 2.4L & 1.2L on 30mins
12:38 Uttam : 10822 & 10801
12:39 Uttam : RK planning for a Trend day down Shai looks like 🙂
12:40 RK : looking for stretched profile Uttam
12:40 Boppanna : Shai BNF below 520 expecting a quick drop
12:40 RK : enough overlap and disbn at top
12:40 Subhodeep : +1 bop
12:41 Uttam : yes RK the composite needed some filling from 10866 & lower to 10830 & 10815 which seems to be done today
12:42 Shai : yes Bopp – we will enter positional selling if we see initiative sellers below that
12:42 Boppanna : thx
12:46 Vinay : 10904 (H) 10765(L) the range of a few days ago when that one bar 80 min down and then up came..
12:46 Vinay : Same on BNF was 27785 – 27450
12:47 Vinay : *80pt
12:48 Shai : update – close out the 10600 pe and 11200 ceat a net of 92 here
12:48 Navaneeth : CEAT :-p
12:49 Shai : 🙂
12:49 Shai : monitoring the positional auction here at 27500 F in BNF
12:49 Shai : if we go below this we open a 500 point composite balance lower to 27000
12:50 Shai : let’s watch the OF for liquidation or aggressive selling then
12:55 Subhodeep : seems h single prints possible
13:01 Shrikant : Hello All
13:04 Shai : Hello Shrikant
13:07 Boppanna : Does the needful 12:30 Rajiv : AG goes short!
13:07 MJ : +1 bopp
13:07 MJ : Ravji 🙂
13:08 Shai : POC now lower in BNF
13:08 Uttam : bounce coming in both?
13:08 MJ : Shai outside chance of 900+ close?
13:08 Shai : vwap
13:08 MJ : Thanks.
13:08 Shai : NF aso 805 dpoc
13:09 MJ : Has to move above 824
13:12 MJ : Sweet 60 from rajiv’s message 🙂
13:13 Jitender : 485 ?
13:14 Uttam : (12:12) Uttam : so above 10815 can tag that ext handle of 10836 NF similar hghs in the bounce at 10815.9 & 10815.6 so far
13:15 Uttam : new pull back low in place in NF at 10793
13:16 Uttam : ‘G’ / ‘H’ & ‘I’ period highs in NF at 10815.9 / 0815.6 / 10814 so far
13:16 Boppanna : Jit SHai’s 420 if vwap + filter holds and below that wall at 530 standing all week
13:17 Jitender : k
13:18 Jitender : 450-460..have t watch fr greens
13:18 Uttam : BNF rejecting that 27587 levels
13:18 Uttam : ‘I’ period also making high if 10815 joining G & H
13:18 Boppanna : ok Jit
13:18 Uttam : BNF vwap also there
13:19 Uttam : plus Monday highs
13:21 RK : cancel this (12:27) RK : Modify short entry to 10825 from 10835 and keep SL as 10865 instead of 10870 for the NF 50% (11:39) RK : Keep limit order for 50% short NF at 10835 with SL 10870 for 10720 obj
13:22 MJ : Uttam. Ledge at 815?
13:24 MJ : 11400 upside in nf?
13:24 MJ : upside/down*
13:24 Subhodeep : @mj10400?
13:25 Boppanna : NF Trapping sellers RK ?
13:25 Subhodeep : or 11400?
13:25 MJ : 11400.
13:25 MJ : 5 min.
13:25 RK : Long NF 10805 SL 10789 for 10840
13:25 Subhodeep : o of my bad mj
13:25 Subhodeep : just saw
13:26 RK : Bop yes looking for 835-850 probe
13:26 Boppanna : ok thx
13:28 Jitender : invalid abv 581 (13:13) Jitender : 485 ?
13:34 Sanjay : The logic is because sellers are trapped in NF ? If I am not wrong. (13:25) RK : Long NF 10805 SL 10789 for 10840
13:37 Uttam : 22k red in NF at lows of this 5min bar
13:38 Ravi : Utaam will it get Stuck??(13:37) Uttam : 22k red in NF at lows of this 5min bar
13:39 MJ : Uttam do you track triple DD in your sheet?
13:39 Uttam : whatever the day type I put it MJ
13:40 Uttam : possible Ravi
13:40 Ravi : Tq Uttam
13:40 MJ : Can you pull Last triple DD in NF?
13:40 Shai : 10822, 10815, 10815, 10815 last 4 peruiod highs
13:41 Uttam : yes Shai 🙂
13:42 MJ : 11/12 profile roughly had almost triple.
13:43 MJ : buyers doing meh job.
13:43 MJ : Buckle up bouys.
13:44 Jitender : no relevance (13:40) MJ : Can you pull Last triple DD in NF?
13:44 MJ : Ok Jit.
13:44 Jitender : 510 part book (13:13) Jitender : 485 ?
13:45 Boppanna : +1 Jit
13:45 Jitender : 13k at dpoc….
13:45 Jitender : halted the upmove
13:46 Uttam : that was also Monday high plus vwap Jit
13:48 Jitender : +1
13:48 Jitender : out of thr trade
13:49 Jitender : 70 on half qty n 40 on half..nnot bad
13:50 MJ : /\
13:51 Subhodeep : true
13:51 Subhodeep : good going jit
13:51 Jitender : cheers
13:54 RK : stopped (13:25) RK : Long NF 10805 SL 10789 for 10840
13:55 Subhodeep : 5min of are these stops or rb?
13:55 Uttam : 10765 coming?
13:55 Uttam : 1.3L green here
13:55 MJ : Shakeout.
13:56 Subhodeep : so its afry day at least mj ?
13:56 Subhodeep : 🙂
13:56 MJ : Half Fry.
13:56 MJ : so far.
13:56 MJ : Full yet to come 🙂
13:57 Subhodeep : you r8/1 lows now on the radar mj
13:57 MJ : 🙂
13:57 MJ : KISS
13:57 Jitender : Uttam r u planng for day low here ?(13:55) Uttam : 1.3L green here
13:58 Uttam : no Jit OTF down & can end in a trend day
13:58 Uttam : 10815 needs to be taken out
13:59 Jitender : k
13:59 Vinay : 765 was that day low..
14:00 Uttam : 10772 low so far
14:00 Dharmesh : how to see this buyer uttam, 1.34l ?
14:01 Jitender : Viny was askn if the greens in nf can hold the lows+minor filter
14:01 Jitender : else more liquidation
14:02 Jitender : both have greens now
14:02 Vinay : Got it Jit….wondered about same after 1.56L COT..but neg COT this bar at 20k again…and I wonder then thewse huge buyers will liquidate or SAR
14:02 Jitender : 14k red at bootm in bnf trapped
14:02 Jitender : we have our day ref now
14:03 Subhodeep : jit some ligh on nf shall also help
14:03 Jitender : 27500/10770
14:03 Sumit : bnf for 3 ib ?
14:03 Jitender : Shubo…imo low shld hold
14:03 Jitender : but will twait for Uttam or Rk for takn position
14:04 Subhodeep : noted
14:04 Jitender : bnf abv 540 shld get sum filip
14:04 Subhodeep : it treid whenit did the previous low of 507.xx and then did 544
14:04 Subhodeep : but fell back again
14:04 Jitender : yes
14:07 Vinay : The buying does not seem responsive as much as absorbing all the supply at rhese levels
14:08 Jitender : crude 62.11
14:09 Ajay null : bnf shud pull next up 20/30 points
14:09 Uttam : In Nifty Spot breaks & sustains below 10728 then very good chance of closing at lows today
14:09 Uttam : If*
14:10 Uttam : riggt now taking sup at that ‘b’ composite
14:12 RK : Long NF again above 10805 SL 10785 for 10840
14:12 MJ : That 770 zone is a winner.
14:12 MJ : So many sweet trades there this series.
14:13 Jitender : u identified 777 first M…kudos fr tat
14:14 Subhodeep : +! jit
14:14 MJ : 🙂
14:14 MJ : I can’t keep a count to the number of times I’ve used that number.
14:14 MJ : Jit nothing secret there. 785 was DEC ro point. +- 10 from there always works in any series.
14:14 MJ : As pivot.
14:15 Jitender : wallah (14:03) Jitender : Shubo…imo low shld hold
14:15 MJ : Jit i went market long at that message of yours 🙂
14:15 Jitender : mtm is yrs
14:15 Subhodeep : 14:15 Jitender : wallah (14:03) Jitender : Shubo…imo low shld hold good one
14:15 Jitender : just b vigilant of fry day liquidation
14:15 MJ : I mean was long and added more on that affirmation 🙂
14:15 MJ : Yes sire.
14:16 MJ : Working. (13:56) MJ : Half Fry.(13:56) MJ : so far.(13:56) MJ : Full yet to come 🙂
14:16 Subhodeep : i am sure mj also has fast fingers
14:16 Jitender : fry day post 2.30 liquidation has good prbab
14:16 Subhodeep : me not that fast to react
14:16 Subhodeep : hence few an dslow trades with sl trails
14:16 Subhodeep : once done i prefer a study
14:16 MJ : In this scale up if 824 814 fails. We might have 1430 special.
14:17 Subhodeep : and a hoel new experince trading with 5 min candles with of
14:17 MJ : Can see your fingers are shivering and the hoel new experience is coming out.
14:18 MJ : 14500 jake khajur ke jaad par.
14:18 MJ : bnf.
14:18 Ajay null : bounce played out
14:18 Jitender : ys M
14:19 MJ : All out and watching now.
14:19 Jitender : was waitn fr him
14:19 Jitender : 581-591 pivot zone
14:19 MJ : Yes J.
14:19 MJ : Beyond 603 this will rally hard.
14:20 Vinay : Above vwap can squeeze late shorters?
14:20 MJ : Vinay longs need new friends. 9 min to watch for some action or dud bomb.
14:21 Subhodeep : nice one mj
14:22 Subhodeep : lmao14:17 MJ : Can see your fingers are shivering and the hoel new experience is coming out.
14:22 MJ : 🙂
14:23 Uttam : (13:58) Uttam : 10815 needs to be taken out
14:23 MJ : Uttam ki lakshman rekha.
14:24 Santhanam : fry day post 2.30 today 😉
14:24 Jitender : yh
14:24 Jitender : Uttam’s brain needs to be preserved man
14:24 Uttam : kyun bhai aaj mera leg pulling time is it 😉
14:24 Jitender : no seriously man..wish had half of yr acumen
14:25 Santhanam : hes too good in the major points!
14:25 Subhodeep : keen observer uttam is
14:25 Uttam : you have full of my levels Jit 🙂
14:25 Jitender : #Eagle eyes
14:26 Santhanam : +1
14:26 Uttam : _/\_
14:26 MJ : Fully agree Jit. He has such a sharp brain.
14:26 MJ : Also the way he does his homework. amaze AF.
14:27 MJ : Big fan.
14:27 Jitender : wonder what bhabhi cooks for him…sumthng do with almonds 🙂
14:27 Ravi : Shai has to give homework to newcomers also ..so that it will be helpful for the discussion
14:27 MJ : I want what shai feeds the bots and what uttam has for breakfast.
14:27 Santhanam : lol Ravi
14:27 Subhodeep : first homework which uutam made me do was watch the videos
14:28 Subhodeep : 🙂
14:28 Ravi : Done that homework and stopped there
14:28 MJ : Uttam weekend slack chat from you. on what all do you capture in your sheet after the market hours.
14:28 Subhodeep : +1
14:28 MJ : And how do you refer it back.
14:29 Ravi : Super MJ timing please(14:28) MJ : Uttam weekend slack chat from you. on what all do you capture in your sheet after the market hours.
14:29 Uttam : thanks guys now lets all push NF above 10815 😉
14:29 Uttam : Mihir I did share the screenshot with you
14:29 MJ : We all will maintain one too. Promise.
14:29 MJ : Yes you did. Slack gobbled it up.
14:29 Amit : Looks like only uttam can change the losing streak today, 🙂
14:29 MJ : When I searched it back.
14:29 Uttam : no probs will post it again on slack
14:29 Ravi : is it only to MJ Uttam (14:29) Uttam : Mihir I did share the screenshot with you
14:29 Amit : lets get 815
14:30 Jitender : Mihir ..better idea to make yours n ten put up2 Uttam for improvement n comments
14:30 Santhanam : Uttam how about one last visit below 10700 and then fire in the last week
14:30 Jitender : tat discovery wud b priceless
14:30 Subhodeep : +!!jit
14:30 MJ : Jit. I want to plan a collective effort for the room to keep and manage the sheet. Been planning since sometime.
14:31 MJ : I’d share what I manage.
14:31 Manjunath : That would be nice
14:31 Ravi : It will be helpful to all the newbies MJ(14:30) MJ : Jit. I want to plan a collective effort for the room to keep and manage the sheet. Been planning since sometime.
14:31 Jitender : cool
14:31 MJ : Keeps all engaged and occupied.(14:30) MJ : Jit. I want to plan a collective effort for the room to keep and manage the sheet. Been planning since sometime.
14:32 Subhodeep : @mj also tot he one with shaking and trembling fingers
14:32 MJ : Subhodeep now that you learn from the best in the biz. Name is TP.
14:32 MJ : 🙂
14:32 Boppanna : last hour BNF deciding at vwap
14:32 Subhodeep : i learn from all
14:32 MJ : Back at markets.
14:33 Subhodeep : at elast i am not blocked to learn from anyone
14:33 MJ : Yes. Bopp vwap clinging.
14:33 MJ : @S 🙂
14:37 MJ : Fasten your seatbelts.
14:38 Jitender : a close here will fry all 🙂 (14:32) Boppanna : last hour BNF deciding at vwap
14:38 MJ : No jit. Comeon.
14:38 MJ : 😛
14:38 Uttam : 6 minutes to go
14:38 Jitender : M watch
14:38 Jitender : for liquidation
14:38 Jitender : watchn
14:38 MJ : Yeah watching.
14:38 Uttam : close above 0815 in this period means close can be higher
14:39 MJ : 833 in t – 5
14:39 MJ : Phew. Thanks bots.
14:42 Uttam : boom
14:42 Rajiv : SL’s?
14:42 Subhodeep : mj does 824
14:43 MJ : 827.7 2 more mins.(14:39) MJ : 833 in t – 5
14:44 MJ : Watch out for Jits comment now.
14:44 MJ : If can’t capture 833. We are in for the actual fun of FRY day.
14:44 MJ : Though PLR upwards.
14:45 Shai : This — An AA++ – (14:03) Jitender : Shubo…imo low shld hold
14:46 Shai : the man a…always
14:46 MJ : 🙂
14:46 Uttam : +1 Shai
14:46 Jitender : tx chief
14:46 Boppanna : +1 Bingo all the way today
14:46 Subhodeep : good to find my name there 🙂 @SHAI @jit
14:46 RK : move SL to 10805 (14:12) RK : Long NF again above 10805 SL 10785 for 10840
14:48 Uttam : above 10836 NF can do 80%
14:52 Boppanna : IBL resisting BNF
14:53 Shai : yes
14:53 Shai : same as C period fail
14:59 Vinay : like the last few days..close at dpoc?
15:00 MJ : 30 min to spike.
15:03 RK : part book 10835 and wait for 10850 .. move SL to 10815 (14:46) RK : move SL to 10805 (14:12) RK : Long NF again above 10805 SL 10785 for 10840
15:03 Boppanna : +1 RK
15:04 Subhodeep : great call rk
15:04 MJ : Nice one RK 🙂
15:04 Shai : BTST- Buy BankNifty 27610 sl of 27470 tgt 27800
15:05 Shai : +1 RK
15:05 RK : book full 10838 (15:03) RK : part book 10835 and wait for 10850 .. move SL to 10815 (14:46) RK : move SL to 10805 (14:12) RK : Long NF again above 10805 SL 10785 for 10840
15:06 Manjunath : +1 RK
15:09 RK : Double disbn getting thicker at lows is tough to extend..that J period whip was messy
15:09 MJ : 1/9 also J period did the masti.
15:09 RK : prev long was based on that context..J whip ate the trade
15:10 Shai : yes
15:10 Shai : J is the king maker these days
15:10 MJ : J is always the king maker Shai 😉
15:10 Shai : 🙂
15:11 RK : but for that context small stop was the right thing..even deeper one would have been gone..
15:12 Manjunath : @RK – For the last trade, before the revesion of SL, why SL at 10785? Why not day’s low + filter?
15:12 Manjunath : Curious to know….hope you don’t mind
15:12 MJ : Shai this series. 1/8 and 1/9 we saw good buying. Today good defence again. Does this keep doors open for upside?
15:13 Uttam : nice trade RK plus we had the DD in a brakcet so good chances of singles getting revisted?
15:13 RK : just below prev two TPO low..if that goes means extn down
15:13 Manjunath : ok – tks
15:13 RK : 10787-10790 roughly those TPO lows
15:13 Manjunath : ok
15:14 RK : and if you see we had balance in 10815-10795 type..so that gave kind of FA..and acceptance back below that balance is not going to help longs
15:14 Manjunath : If it’s a FA, then can we take some positionl here for next week?
15:14 RK : yes Uttam..DD got two things to do..can stretch all day and do large obj then later in coming days would fill the extn..that was the expectation today so waited to short aroun 825..
15:14 RK : but it didnt happen and we had large balance thicker one
15:15 RK : so idea was to get poor low with DD means sharp reversal intra itself to test extn singles
15:16 MJ : Came in with a little delay but did trade that. (14:44) MJ : Watch out for Jits comment now.
15:16 Uttam : nice weekly balance we seem to be having
15:17 RK : I was completely bearish today at preopen to get 750/720 kind today..but see what happened due to one poor trade..that 10760 long..it not only gave the loss but destroyed the chance of shorting as we got trapped in that long..after all that long was taken just for 15-20 points to get VAH..Just saying how a single trade can tilt the day performance 🙂
15:17 Manjunath : true…
15:17 Ravi : Uttam next week expectation of NF trend down or up ??
15:17 RK : my hypo today is 10835 and 10810 short for 10770/10750 🙂
15:18 Uttam : 🙂 and your morning first short as on target
15:18 Uttam : was*
15:18 RK : yes
15:18 Vinay : RK in te first short call..it went all the day down and never hit SL or even cost…but we booked early.. and then went long and that long hit SL and went to orginial target of the first short..what happened in that time..that changed the position as iirc it was all locals..that explanation would help greatly too..
15:18 Shai : yes the morning short was the perfect one
15:18 Uttam : yep but we will get many such chances guys
15:18 RK : every trade is imp to keep you in balance..else it could spoil entire day
15:19 Uttam : true that RK
15:19 Shai : and the auction was a directional move away from yesterday balance
15:19 Uttam : you can miss out on a good trade if you are stuck in a wrong one already
15:19 RK : yes Shai
15:19 Shai : till DD happened4
15:19 Pradeep : Shai: coould you explain BTST on BNF
15:19 Manjunath : true Uttam…happened many times
15:19 Ajay null : Good time to buy bank nifty
15:19 Pradeep : when you gave the call, we were entering the balance, now in the last 5 mins there is some serious selling
15:19 MJ : 841 to 815 All out (14:38) Jitender : for liquidation.
15:20 Shai : 3 day balance Praddep . Looking at J holding to repair the poor highs of wed
15:20 Jitender : yes M
15:20 Jitender : liquidation came
15:20 MJ : aaya jaroor.
15:20 MJ : 3.4x.
15:20 Uttam : did not sustain above 10836 so back to 10815
15:20 Pradeep : ok
15:20 Jitender : 80 points in 2 bars
15:21 Shai : 27666 is still there on this
15:21 Shai : ignore late friday moves generally
15:21 MJ : Weekly and ID guys just churning out.
15:21 Shai : yes
15:21 RK : Vinay idea was to play OAIR for sm time..so when I saw kind of exhaustion booked shorts at cost..and tried long for OAIR rotation which proved wrong with little early breakdown for OAIR day..my idea was to get 10875 atleast to get out of that long..had a hope till we held 10840 and auctioning between 840-855..then came quick liquidation (15:18) Vinay : RK in te first short call..it went all the day down and never hit SL or even cost…but we booked early.. and then went long and that long hit SL and went to orginial target of the first short..what happened in that time..that changed the position as iirc it was all locals..that explanation would help greatly too..
15:21 Ravi : Jitender how many points u ll keep for scalping in BNF
15:22 Jitender : 15..start trailing
15:22 RK : but thats how auction happens..timing is tough..the thing is on losing days how small we lose matters..and just few good trades in a week/month can take care of the rest
15:22 Subhodeep : worst looking dd that i have seen since i joined the room 🙂
15:22 Manjunath : +! RK
15:22 Ravi : In Futures or options that is(15:22) Jitender : 15..start trailing
15:22 Uttam : its no longer a DD Subho
15:23 Vinay : Thanks RK..vry kind of you
15:23 Subhodeep : true
15:23 MJ : Yes Subhodeep not DD any more.
15:23 Jitender : M in options…fut 20+
15:23 Subhodeep : so what would you call it then
15:23 Subhodeep : normal variation
15:23 Subhodeep : ?
15:23 Uttam : yep
15:23 RK : b almost
15:23 Uttam : BNf looking like a pregnant lady ready to deliver 😉
15:23 RK : BNF perfect b
15:24 Uttam : yes RK ‘b’ profiles
15:24 MJ : NF b of a dirty handwriting kid.
15:24 Shubro : So RK outlook is downward for NIFTY with this variation as acceptance is at 815?
15:24 Ravi : Tq Jitender(15:23) Jitender : M in options…fut 20+
15:24 Uttam : lets see what FII data has in store today
15:24 Himanshu : last 3 days they were buying uttam
15:24 RK : RAvi imbalance below 10790 now calls for quick down move..overlap around today lows means one more move to 10900
15:24 RK : for MOnday it is
15:25 Vinay : Some serious COTS today in towards the second half
15:25 Uttam : BNF also forming a nice 3-day balance here RK / Shai?
15:25 RK : yes Uttam
15:25 Ravi : Tq RK(15:24) RK : RAvi imbalance below 10790 now calls for quick down move..overlap around today lows means one more move to 10900
15:25 MJ : OAIR + b (liquidation profile) Imb as RK says below 790 will be majjja. I might need to give way at 777.
15:25 RK : no auction below today low means back to 720 in BNF
15:26 Uttam : yep also can repisr those poor highs at 27785
15:27 MJ : Bye everyone. Have a wonderful weekend.
15:28 Shai : have a nice weekend everyone
15:28 Shai : catch up MOnday
15:28 Jitender : bye all
15:28 Shai : Bye all
15:29 Subhodeep : its been a good learning 2nd week with very low voumes across the span
15:29 Subhodeep : thanks all
15:29 Subhodeep : have a onderful weekend
15:29 Uttam : thanks All 🙂 have a lovely weekend
15:30 Shrikant : Have a nice weekend all
09:24 TP : Shai levels for TCS , id view.
09:32 Shai : 1840 is strong supp for intra
09:33 Shai : but may get sold again on boucne
09:33 TP : tks chief ..right at 1840 now .
09:46 TP : Chief awesome level for TCS …superb bounce from 1840.
09:50 Shai : +1
09:55 Subhodeep : united spirit is htere enough supp at 578582 levels shai ?
09:59 Shai : ha ssupply at 592 is asking for intra
09:59 Shai : below 585 today may do 580 again
11:02 Subhodeep : thnaks shai awesoe levels on united spirits