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NF
BNF
Room Chat
08:58 Vtrender Live : (08:58) Vtrender Live: 30 min charts – https://global.gotomeeting.com/join/571986717
09:01 Shai : (09:01) Shai : https://vtrender.com/market-profile-analysis-dated-8th-november/
(09:01) Shai : https://vtrender.com/weekly-charts-4th-to-8th-november-and-market-profile-analysis/
09:20 Shai : (09:20) Shai : Intra – Buy NF abv 11908 sl of 11870 tgt 11940/ 11975. Buy abv
09:27 Shai : (09:27) Shai : NF 11930. Book half here anf ride some at cost
09:33 Shai : (09:33) Shai : TSL on bal qty in NF
(09:33) Shai : exit- we will buy again lower
09:43 Shai : (09:43) Shai : Intra- Buy BNF 30785 sl of 30650 tgt 30975
09:53 Shai : (09:53) Shai : BNF 30865. Book half here
10:06 Shai : (10:06) Shai : Book out BNF 30825
11:53 Shai : (11:52) Shai : Intra – short BNF 30825 sl of 30920 tgt 30660
11:58 Shai : (11:58) Shai : Exit the BNF shorts at cost here 30815- 820
12:16 Shai : (12:16) Shai : Intra – Buy NF above 11900 sl of 11868 tgt 11940/ 11975. Buy abv
13:39 Shai : (13:39) Shai : Book out NF longs 11908- 910
08:58 Chandrashekhar : GM all
08:58 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/571986717
09:01 Shai : https://vtrender.com/market-profile-analysis-dated-8th-november/
09:01 Shai : https://vtrender.com/weekly-charts-4th-to-8th-november-and-market-profile-analysis/
09:01 Shai : Gm all
09:07 Shai : 11907 ref line for the open alonmg with 11870 which has the previous vpoc
09:07 Shai : A bounce from one of these zones expected to run to 12000 again
09:09 Uttam : Good Morning All 🙂
09:10 Chandrashekhar : Shai that 1.2 lac @ 12000 is gone or still in the system?
09:10 Uttam : @Shai hope the Mumbai workshop went well, I am sure it would have been a rocking one
09:10 Chandrashekhar : 1.2 lac red i mean
09:10 Shai : that was long liquidation
09:11 Chandrashekhar : ok..so the bounce to 12000 from the zones below would need fresh longs…right
09:12 Shai : @Uttam – yes all good, Looking forward to the bangalore one
09:12 Uttam : same here Shai 🙂
09:13 Boppanna : GM Shai and all
09:13 Prakash : Eagerly waiting for the Bangalore meet
09:14 Chandrashekhar : +1
09:16 Boppanna : BNF below 660
09:17 Shai : 11870 big level for the open
09:18 Uttam : BNF getting some support at 30630
09:18 Boppanna : Yes Uttam
09:19 Uttam : NF needs to get bacl above 11900
09:20 Shai : Intra – Buy NF abv 11908 sl of 11870 tgt 11940/ 11975. Buy abv
09:25 Shai : hdfcbank is plus at open
09:27 Shai : NF 11930. Book half here anf ride some at cost
09:28 Uttam : +1 Shai
09:29 Uttam : NF still an OAOR
09:29 Uttam : BNF OAIR
09:31 Shai : BNF 30660 is big number for expiry this week
09:31 Shai : As long a sthat holds dips will be bought
09:33 Shai : TSL on bal qty in NF
09:33 Shai : exit- we will buy again lower
09:34 Boppanna : Fast Auction today Shai?
09:34 Shai : just gap closure move- 11933 was the low
09:34 Shai : of friday
09:35 Shai : seeing this as 11870- 11945 for now
09:35 Boppanna : ok thx
09:40 Boppanna : Shai BNF supply 920 ?
09:41 Shai : BNF abouit to run higher again
09:41 Shai : 30785 supply
09:43 Shai : Intra- Buy BNF 30785 sl of 30650 tgt 30975
09:48 Shai : B is going open
09:53 Shai : BNF 20865. Book half here
09:53 Boppanna : +1
09:53 Shai : 30865*
09:53 Shai : This- (09:41) Shai : BNF abouit to run higher again
09:55 Uttam : NF needs to get above 11933 for next leg up in BNF
10:06 Shai : Book out BNF 30825
10:06 Shai : still a poor high there
10:06 Shai : range extension post IB would be a nice trade
10:23 Niraj : banknifty on discount of 50 points
10:24 Niraj : sir support level for banknifty
10:25 Uttam : 30750 is morning IB on 30mins
10:25 Uttam : but first sup at VWAP
10:25 Uttam : 30795
10:33 KK : btfd
10:34 Shai : 11900 base formation for noon
10:34 Shai : 11870 prev vpoc is a swing supp
10:35 Shai : Anything abv neut ext confirms a buy
10:38 Uttam : BNF taking support at that MB low
10:38 Niraj : mb??
10:38 Uttam : plus just above that IB of 30750 too
10:39 Uttam : micro balance
10:39 Uttam : that yellow box on the 2nd chart in the room
10:39 Uttam : and NF meeting supply at the MB hgih
10:44 Niraj : an we see 30500 today
10:44 Jitender : ibl cn get tested below 750 bnf
10:44 KK : 881 spot not breaking yet
10:45 Boppanna : @Niraj 660 still the number to watch for downside in BNF as Shai mentioned
10:46 Niraj : ok
10:47 KK : Weekly analysis ” The balance & narrow range of this week could lead to a range expansion in the coming week with probable objective on the downside at 11584 & 11460 provided it gets accepted below 11880 and on the upside, sustaining above 11991 could bring a move to 12208-240 & 12320″
10:48 KK : so, should keep watch on Nspot 11880 ?
10:48 Uttam : yes
10:48 Uttam : morning has rejected from there
10:49 Uttam : 11880 & 11850-843 important levels for this week in Spot
10:49 Uttam : NF broke below prev week lows briefly but Spot so far has not
10:51 Uttam : D period RE coming?
10:51 Niraj : call are getting written
10:53 Uttam : puts also
10:55 KK : weekly 900 PE vs CE , OI almost equal
10:55 Uttam : yes but the CE OI slightly getting above the PE OI
10:56 Boppanna : BNF 750 holding still
10:56 KK : to 930 now
10:57 Uttam : BNF went below that MB but once it got back into it did a fast 80% rule
10:57 Uttam : 6k green stuck at that MB high cross
10:57 Boppanna : There was a 7k red at 770 he seems to have exited in this high
11:03 Uttam : NF typical OAOR so can expect a big move in the afternoon
11:03 Uttam : or even a DD
11:07 Boppanna : +1 Also BNF has all the soldiers lined up at 750 which goes the next at 630-50 as well
11:07 Prajwal null : sellers are subtly winning the day time frame??
11:07 Boppanna : Why do you thing so Prajwal?
11:07 Uttam : +1 Bops
11:07 Niraj : @prajwal i also feel the same
11:07 Boppanna : *think
11:08 Uttam : 30760 & 11890
11:08 Prajwal null : half print lower highh and lower after big bar
11:09 Prajwal null : lower high and lower low
11:09 Prajwal null : in half hour bar
11:10 Prajwal null : daltons rule
11:10 Boppanna : C has made a lower Low yes but D still not done yet
11:10 Prajwal null : ok
11:11 Prajwal null : c low should be protected for another 2 periods for upmove??
11:11 Boppanna : Also BNF made a long tail in A so IMO BNF gets bearish only if that goes
11:12 Uttam : keep it simple Prajwal, the IB range needs to get exteneded now for a move
11:12 Uttam : BNF has morning singles at lows so that is a reference too
11:12 Uttam : also BNF getting some demand at VWAP
11:14 Prajwal null : rotations for long duration is it good for upmove?? i meant time factor??
11:17 Boppanna : For the newcomers Uttam’s Spot hypos work as a great refrence to confirm ur bias and more so at the start of the week so do check if those match ur bias it saves u more often that not fro getting into wrong trades along with session OF
11:17 Jitender : +1 BoP
11:18 Uttam : _/\_
11:18 Jitender : alsoBoP gv an idea on how to take entry in tem vis-a-vis mkt movement…as per yr exp
11:18 Uttam : some increase in vols here
11:18 Uttam : 11891 low in NF in this dip
11:19 Uttam : (11:08) Uttam : 30760 & 11890
11:19 Prajwal null : thank you bops and jit
11:19 Uttam : reds coming in BNF at vwap but getting absorbed looks like?
11:21 Jitender : spike cometh
11:22 Boppanna : Will definitely share Jit …the way I do it is take Uttam’s hypos for mark refrece in the CE/PE before the day opens and based on the how price behaves around these refereces take my trades with OF here to confirm my bias
11:23 Jitender : +100..newbies pls take note
11:23 Chandrashekhar : Thanks Jit/Bopanna/uttam
11:23 Chandrashekhar : adds more sense..
11:23 Jitender : and if Shai gvs a call matching thoose ref…tats a dbl confirmation
11:24 Jitender : as Shai’s call wud include current mkt info/vols as well
11:24 Jitender : or u have big number’s around thoose lvls..u know wat trade to take
11:25 Jitender : VT lays it out fr all…..
11:25 Jitender : all u need is risk management & position sizing worked as per yr cap n risk apetite
11:25 Boppanna : Just adding to the same which Jit mentioned when trading options generally give spikes at open and more or less settle witing 15-20 mins so better to wait until then before u trade them..of course if you are someone like Jit just ignore this advise 🙂
11:26 Boppanna : *within
11:26 Jitender : yes..no trade till 9.440 as a rule unless Shai gvs a call or u r 200% sure
11:27 Uttam : +100 Bops & Jit
11:27 Uttam : 11890 still holding in NF
11:29 Boppanna : Today we have a good example how Uttam’s Spot hypos would help check the hypo a) & b) and you will get to know that it was easy to get caught in the wrong foot if someone jumped the gun on the trade
11:29 Boppanna : in BNF
11:31 Uttam : BNF big vols
11:31 Uttam : 40k red at 30890
11:31 Uttam : boom boom
11:31 Uttam : DD coming in NF on upside?
11:32 Jitender : chck 11.21 comment..told it before 🙂
11:32 Prajwal null : uttams boom came congrats
11:32 Uttam : when supply at vwap was getting absroebd good chance that those reds will be squeezed out
11:32 Uttam : (11:19) Uttam : reds coming in BNF at vwap but getting absorbed looks like?
11:33 Uttam : 0s at 30840 in BNF
11:34 Uttam : 11905 sup in NF
11:37 Gaurav : BNF needs a refresh
11:37 Gaurav : 50k on both sides
11:37 Uttam : 31k test coming again looks like in BNF?
11:38 Uttam : 30840 sup and needs to negate those 0s at top
11:38 Uttam : 11k green at 30940
11:44 Uttam : 50k buyer gone after refresh?
11:45 Boppanna : Shai That 49k red is a cover or fresh guy ?
11:45 Boppanna : BNF
11:47 Uttam : 30841 so far low in this dip (11:38) Uttam : 30840 sup and needs to negate those 0s at top
11:48 Jitender : 750 coming ?
11:48 Uttam : yes NF getting weak
11:48 Boppanna : looks like
11:48 Jitender : 896 has 66 k reds
11:49 Jitender : bnf
11:49 Uttam : it would be a nice FA in BNF if gets confrimed 🙂
11:49 Prajwal null : trhat big green bar was a high volume bar
11:49 Uttam : NF makes a RE down & BNF one at top
11:50 Uttam : that kind of a day 🙂
11:50 Jitender : bnf profile..looks like a middle finger one 🙂
11:50 Prakash : 85K green @NF 11880
11:51 Uttam : lol Jit
11:51 Boppanna : That 30.7k CE needs to get below 300 for a drop
11:51 Jitender : shrted tat at 378..after booking from lows BoPs
11:51 Jitender : milked both sides..tx 2 OF reads
11:52 Boppanna : Cool Congrats Jit
11:52 Jitender : tx
11:52 Jitender : 287-90 supp in tat
11:52 Shai : Intra – short BNF 30825 sl of 30920 tgt 30660
11:53 Jitender : below tat ..boom
11:53 Prakash : @Shai shouldnt 11880 act as support considering Big bu @11880 85k
11:54 Shai : yes in NF
11:54 Shai : BNF has a big RS at higs with huge negative COT abv IBH
11:55 Manish : Jit sir what was your bias for 30.7ce short @378 ?
11:57 Jitender : 30925 was resisi as per fridat post 1.30 action….got red OF tere…had booked it from 297-360…and was looking to shrt it below bnf 925 fut
11:57 Jitender : and red bank gave me a confirmation tat trade has good probab
11:57 Jitender : band
11:58 KK null : last , it went back from 870..quite close.nf
11:58 Jitender : look at 30mins OF Manish..u will get wat m sayn abt red OF
11:58 Shai : Exit the BNF shorts at cost here 30815- 820
11:59 Shai : Lokms 50- 50 game
11:59 Shai : 30700 needs to be tested on that RS but may boucne up highe ralos
12:02 Jitender : 775:) …..11.48 750 coming ?
12:02 Jitender : 850 ns critical as per tv
12:16 Shai : Intra – Buy NF above 11900 sl of 11868 tgt 11940/ 11975. Buy abv
12:31 Niraj : todays day is vey borin
12:31 Niraj : since morning to till time only in range
12:32 Uttam : OAOR start gives range bound market till afternoon Niraj
12:32 Uttam : plus both NF & BNF not in sync
12:33 Shai : watch 11900 pe below 82
12:33 Niraj : OAOR ??
12:33 Shai : should be a fast down
12:34 Uttam : in MP you need to know about the open trypes Niraj
12:36 Niraj : ok
12:41 Chandrashekhar : European markets to open negative again..report in Edelweis
12:47 Boppanna : Uttam why you still squezing BNF let go will u 🙂
12:47 Uttam : lol that’s Jit not me 🙂
12:57 Uttam : sellers doing a bad job in NF & here you go
12:57 Shai : 82 to 68- (12:33) Shai : watch 11900 pe below 82
13:00 Rajiv : longs in?
13:02 Shai : yes
13:09 Uttam : weak shorts being taken out looks like in NF?
13:31 Shai : peep abv 11920 needed here
13:39 Shai : Book out NF longs 11908- 910
13:40 KK : 900 PE stopped falling after 67
13:42 Shai : yes
13:42 Shai : but still getting supply at 82- 83
13:43 Shai : one move up still thete as long as it stays abv 11900
13:43 Shai : but getting tight
13:43 Shai : 11888 sl if holding
13:44 Shai : sl 47 in 11900 ce for 71/ 80 cmp 55.5
13:50 Shai : BNf tricky ground
13:50 Shai : can drop to 20800
13:54 Prakash : *30800 ….??
13:54 Shai : 30800 yes
13:56 Shai : 11900 ce exit at 54 cmp
14:09 Prakash : @Shai, which side does the data suggest UP DOWN
14:11 Shai : flat close
14:11 Shai : with 15% chance of a spike
14:17 Amit : charts stuck ?
14:20 Prakash : freezed charts
14:24 Prakash : any issues with the charts??
14:25 Prakash : or is it only me who is facing the issue
14:25 Shai : checking..
14:25 Prakash : Sure Sir
14:38 Shai : ncie bell in NF
14:39 Shai : unfortunately tom is a holiday and risk of a gap is there
14:39 Shai : else this bell is 120 points
14:42 Shai : 30600 pe buy near 145 slo of 118 tgt 190
14:55 Niraj : market is tomorrow closed
14:58 Uttam : new high in BNF will be nice set up for a trade on Wednesday
14:59 Shai : ome more RS in BNF
15:04 Uttam : there it comes 🙂 new high in BNF
15:04 Shai : +1
15:04 Shai : exit- (14:42) Shai : 30600 pe buy near 145 slo of 118 tgt 190
15:05 Uttam : NF good greens
15:05 Uttam : 3:05 move
15:05 Niraj : now finally bank nifty showing colours
15:05 Uttam : but still getting reds
15:06 Uttam : short squeeze still on here
15:06 Uttam : NF made new highs but Spot did not
15:07 Niraj : sir above 31100 hope longs can be agressive
15:07 Uttam : NF wants to test 11965?
15:08 Shai : neut X again
15:08 Uttam : hat-trick
15:09 Niraj : neural close again ??
15:11 Shai : 11975
15:11 Shai : sl 11931
15:14 Uttam : (15:07) Uttam : NF wants to test 11965?
15:15 Uttam : 11965 tagged
15:15 Uttam : 11964.9 high so far
15:15 Uttam : 31255 ciming in BNF?
15:16 Shai : 46 to 56 in the 11950 ce
15:16 Shai : 11968- (15:11) Shai : 11975
15:16 Uttam : +1 Shai holding 11900ce from 60
15:16 Shai : close
15:16 Shai : too late
15:17 Shai : was waiting for this move all day
15:17 Uttam : ext handle right at Neutral EXtreme low of 11933
15:18 Boppanna : Yeah buggars made a 3:05 move today
15:18 Uttam : BNF continued its stellar march
15:18 Uttam : gets morning buyers who defend the tail at lows
15:19 Uttam : have been absorbing all supply from last 2-3 sessions
15:19 Uttam : one could give in on Wednesday
15:19 Boppanna : BNF does that Uttam’s Friday tgt
15:19 Niraj : Sir if buggars were moving in afternoon it was getting bitten so they moved right at the close
15:19 Niraj : 🙂
15:20 Uttam : yes Bops BNF become too lazy, last week also did the tgt of Friday on Monday 😉
15:24 Shai : That zone will again be difficult on wednesday
15:24 Shai : looks like a 100 pointer 11870- 11970
15:24 Uttam : we have a probable excess in BNF
15:28 Shai : +1
15:29 Shai : Bye all
15:29 Shai : Have a good break everyone
15:29 Shai : catch up wed
15:29 Uttam : thanks All & have a lovely holiday just as the week begins 😉
15:31 Niraj : wish you the same too sir