Many traders are used to viewing volume as a histogram beneath a price chart. This approach shows the amount of volume traded below the price Bar. The Order Flow approach is to see the Volume traded inside or within the price bar, an important distinction.
Order Flow trading is thinking about what order market participants do and when you think along this, you can anticipate what kind of action they will be taking in the market. This is a very important concept in Order Flow.
NF
BNF
Room Chat
08:55 Vtrender Live : 5 min charts – https://join.me/453-212-924
08:57 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/762685365
08:58 Vtrender Live : 5 min charts of BNF- https://zoom.us/j/8647757494?pwd=UVNpR3ZvcnVyUmhEZDhJUVlYNVlkdz09
08:59 Manikandan : GM All
09:00 Giridhar Gowravajhal : GM all !!!
09:00 Shai : GM all
09:00 Vishnu : Gm All
09:00 Rohan : GM All
09:00 Saurabh rohatgi : gm everyone
09:01 Indarpal : good morning all
09:02 Uttam : Good Morning All 🙂
09:04 Shai : After yesterday’s auction there was no change in the larger sentiment which continues to signal a balance and a move within the balance
09:04 Shai : ref line for the day is 10816 where the big volume enetered yesterday for the second part of the move
09:05 Shai : 10727 continues to be a support\
09:05 Shai : in BNF large volume was traded on the sell side between 22480- 22500 which is now a supply
09:05 Shai : support at 22060 and the same 21900 as mentioned yesterday
09:06 Nitin null : GM
09:07 Chandrashekhar : GM all
09:10 Tejpreet : GM All
09:13 Adi : Good Morning all
09:13 Sachith : Good morning everyone… happy trading
09:14 Uttam : 1 ATR of 10731 tagged in NF
09:14 Ankush Jain : that was swift
09:15 Chandrashekhar : SPeedometer @ 380…
09:15 Vishnu : +1 ug
09:17 Shai : fastest tick open of last 3 days
09:17 Uttam : drive bulding?
09:17 Shai : can drop to 10690below 10720
09:19 Uttam : 10800pe from 115.9 to 129.3
09:19 Chandrashekhar : +1 Uttam
09:19 Uttam : above 130 that PE can continue hugher
09:20 Shai : buy 10700 pe for 89 sl of 60 cmp 72
09:21 Shai : ++- (09:15) Chandrashekhar : SPeedometer @ 380…
09:24 KK : Isn’t 710 lower value in the composite ?
09:26 Uttam : that 10700pe needs to stay above 82
09:26 Uttam : can give 91 & 102
09:29 Shai : book some at 83. Hold some with sl at 72 cost-(09:20) Shai : buy 10700 pe for 89 sl of 60 cmp 72
09:29 Tejpreet : post neutral day one side (buyers) being cleaned out
09:29 Uttam : 13.7L in NF
09:29 Uttam : 6.4L in BNF
09:30 Vishnu : any rbi meet today?
09:30 Shai : Volume is the key today guys
09:30 Shai : keep an eye on speeedo
09:30 Uttam : some greens in NF
09:30 Shai : shoirt is still right
09:30 Shai : but don’t go overboard till soem IS shows
09:30 Ankush Jain : speedo is boom boom
09:39 Shai : 4 mins to B
09:40 Shai : 10700 pe trailing sl at 72
09:40 Vishnu : tom reliance AGM
09:41 Shai : 95 opened up now in PE
09:41 Uttam : 21717 needs to be taken out in BNF
09:43 Ankush Jain : webianto chrt stalled
09:44 Shai : A done – (09:17) Shai : can drop to 10690below 10720
09:44 Prashant : 10690 level coming from??
09:45 Prashant : 10th single print?
09:46 Rahul : Shai, can u please increase the font size in room charts
09:46 Rahul : Than
09:47 Rahul : Thanks
09:47 Vishnu : 21717 below bnf point ug
09:47 Seshadri : low 10690
09:47 Uttam : 35k red stuck in BNF?
09:48 Chetas : Gm all
09:48 Govind : Shai, can u pls make the zoom chart a bit bigger? Thanks
09:48 Chetas : Now i have the yearly subscription for the room 🙂
09:49 Uttam : BNF can go for 21545
09:49 Uttam : 21649 minor support
09:50 Boppanna : Jul 1 trendday vwap 650 BNF
09:51 Uttam : yes Bops
09:51 Uttam : 21545 was the bullish ext handle that day
09:51 Boppanna : +1
09:55 K2dt : vwap test coming?
09:56 Uttam : overlapping POC at 21720
09:58 Shai : friday- (09:44) Prashant : 10690 level coming from??
09:59 Shai : looks like the making of a b profile today
10:00 Tejpreet : +1
10:01 Amit : What is ab profile
10:01 Uttam : ‘b’ shape profile
10:01 Amit : ok
10:01 Uttam : which means long liquidation
10:01 Uttam : tail at top & balance at lows
10:02 Sanjib : Suggest everyone here to buy the book “Mind Over Markets” by James Dalton and read it thoroughly if interested in trading Market Profile
10:06 Shai : +1
10:06 Vishnu : +1
10:07 Vishnu : one test of 21540 still chance in bnf
10:08 Uttam : look at that blue overlapping POC in BNF
10:08 Uttam : 21720
10:08 Boppanna : Vishnu POC of last 4 5 min
10:08 Boppanna : 🙂
10:08 Vishnu : yes ug
10:08 Uttam : demand point – (09:41) Uttam : 21717 needs to be taken out in BNF
10:10 Uttam : lets see if that 35k red still there
10:10 Uttam : can exit above VWAP if we get there
10:10 Narendra : @ sanjib said book not avaliable in amazon
10:11 Narendra : where can i find it
10:11 Prashant : google. pdf
10:11 Sanjib : I bought it from Amazon only. May be temporarily not available
10:11 Ankush Jain : it is available
10:11 Sanjib : Please BUY, don’t go for .pdf
10:11 Narendra : s its currently unavaliable
10:12 Sanjib : Acknowledge the authors who will help you in making money
10:12 Narendra : sure
10:12 Prashant : Youtube also available
10:12 Prashant : same author, many videos
10:12 Uttam : guys please take this conversation on slack
10:12 Sanjib : +1 UG
10:12 Uttam : lets focus on live markets here
10:14 Uttam : NF rejection from composite VAL?
10:14 Uttam : BNF also RS near VWAP
10:14 Uttam : C side coming
10:14 Uttam : BNFffff
10:19 Rahul : C side yet to form in NF
10:19 Maxis : 10:10 candle in NF same as yest VWAP rejection pattern
10:20 Uttam : 21545 kahan hai?
10:21 Vishnu : aa rahi haiiii
10:22 Uttam : NF for 10663-657
10:23 K2dt : ISIS twins
10:23 Uttam : 1L green’
10:23 Uttam : 1L green’
10:23 Uttam : in C side
10:23 K2dt : Yeap UG
10:24 Shai : 90 done – (09:41) Shai : 95 opened up now in PE
10:24 Uttam : +1
10:24 Shai : book full in the PE- (09:40) Shai : 10700 pe trailing sl at 72
10:24 Uttam : (09:26) Uttam : that 10700pe needs to stay above 82(09:26) Uttam : can give 91 & 102
10:24 Uttam : yes C side & big RB
10:24 Shai : now we wait
10:24 Uttam : so better to book & enter again
10:24 Shai : could be a b
10:25 Shai : what is the higher ref line now per rules of bias we have??
10:25 Uttam : VWAP
10:25 Rahul : 10745
10:25 Jitender : 10730 fr me pivot wise
10:26 Shai : +1
10:26 Uttam : VAL of composite for me 😉
10:26 Shai : All agree?
10:26 Rahul : sorry 10721
10:26 K2dt : yes chief
10:26 VijayT : yes
10:26 Jitender : bnf 730
10:27 Shai : this got broken on huge vols right at open , so this is now supply- (09:05) Shai : 10727 continues to be a support\(
10:27 Jitender : yup
10:27 Shai : we have 2 IS and 1 RB so sellers in control here
10:27 Shai : BNF also
10:28 Shai : 72 is now a stromg supp in 10700 pe
10:29 Uttam : 91 tagged in that 10700pe
10:29 Uttam : next 102
10:29 Uttam : was a POC in it
10:29 Uttam : MP works on all scrips
10:31 Uttam : IB range of 77 in NF is the largest of last 11 days
10:33 KK : 674 was another extension 3 to 4 days back, from where we had gone back and 656 was another one., are those references relevant ?
10:35 Uttam : (10:22) Uttam : NF for 10663-657
10:35 K2dt : 89-100 10700 pe
10:35 Uttam : (09:49) Uttam : BNF can go for 21545
10:35 Uttam : 10663 so far NF
10:35 Indarpal : 10700 pe from 72 to 100 done
10:36 Uttam : check the highs – (09:26) Uttam : that 10700pe needs to stay above 82(09:26) Uttam : can give 91 & 102
10:37 Uttam : 102.65
10:37 Uttam : 114 next in that pe of gets abv 103
10:38 Uttam : how the PE tgt of 102 & NF downside objective of 10663 came togehter
10:38 Uttam : options do give good moves but need to trade the right one
10:41 Uttam : done – (10:22) Uttam : NF for 10663-657
10:42 Shai : NF down for 10608 on thsi new IS. Sl abv 10695 now
10:42 Shai : C is moving on vols at 136% in BNF and 128% in NF
10:43 Uttam : A period singles we have in both inspite of the gap down
10:43 Vishnu : bank next area shai?
10:43 Uttam : OD in BNF & ORR in NF
10:43 K2dt : massive vols chief
10:43 Uttam : looking good for a TRend Day now
10:45 Shai : BNf down for 21265
10:45 Shai : Vol continues to be a driver today
10:45 Shai : when abv 100% , never fade #speedo
10:45 Uttam : +1
10:46 Uttam : (09:49) Uttam : BNF can go for 21545
10:46 Uttam : 21556 so far
10:54 Shai : 1 more new IS- (10:42) Shai : NF down for 10608 on thsi new IS. Sl abv 10695 now
10:54 Shai : stay short
10:54 Vishnu : dt done
10:54 Shai : below 10633 is a swift 30 more
10:54 Uttam : 123 next – (10:37) Uttam : 114 next in that pe of gets abv 103
10:55 K2dt : super one UG
10:55 Uttam : OI dropping in it
10:55 Uttam : writers being hit
10:57 Uttam : d) If 10657 is taken out, NF could fall to 10637 / 10596-570 & 10542-500
10:57 Vyom : great
10:57 Vyom : speedometer helps big time to identify open drive
10:57 Uttam : d) Breaking below 21545, there could be a fall to 21468-355 / 21319-223 / 21120-000* & 20901
10:58 Uttam : low at 10637
10:58 Shai : https://mplite.vtrender.com/?symbol=O_NIFTY10600PE20200716&tf=daily&tpo=1&ll=&ul=&sp=1&startDate=&endDate=&nDays=8&idstr=&dstr=_8&rst=0&iam=
10:58 Shai : 10600 pe getting dangerous for writers
10:58 Shai : 41 now a support in 10600 pe
10:59 Shai : Am expecting 101 if 40 holds into clsoe
10:59 Shai : Hope everyone is short here and not rising into longs
10:59 Shai : this is the move we spoke about on Friday close
10:59 Boppanna : +1 Shai
10:59 Shai : the Vol is confirming it from open with >125% on speedo
10:59 Vishnu : yes shai
11:00 K2dt : yes chief
11:00 Adi : +1
11:01 Adi : SL for shorts?
11:01 Shai : scroll up
11:02 Shai : stay invested in the chat guys and note the points given
11:02 Shai : this is a moving day- don’t treat it like any other one
11:03 Adi : aye aye captain
11:06 Uttam : done – (10:54) Uttam : 123 next – (10:37) Uttam : 114 next in that pe of gets abv 103
11:06 Tejpreet : +1
11:06 Uttam : 141 next tgt 🙂
11:07 Vishnu : 1.5 dt done
11:07 Uttam : (10:43) Uttam : OD in BNF & ORR in NF(10:43) Uttam : looking good for a TRend Day now
11:09 Uttam : 10583 is the 2atr target from yesterdays FA
11:09 Shai : into the gap now- (10:54) Shai : below 10633 is a swift 30 more
11:09 Adi : Yesterday’s profile counts as a bull trap?
11:09 Tejpreet : Shai wanted 596 yesterday 🙂
11:09 Uttam : 10610 is 2 IB in NF
11:10 Uttam : BNF completes 2 IB
11:10 Uttam : 214176
11:10 Shai : :)- (11:09) Tejpreet : Shai wanted 596 yesterday 🙂
11:10 Shai : I’m always the impatient one
11:10 Vishnu : +100
11:11 Tejpreet : +100
11:11 K2dt : haha
11:11 K2dt : chief on NOS 🙂
11:13 Shai : lol
11:13 Shai : D done
11:13 Shai : LL
11:14 Ankush Jain : is it a OD down today?
11:14 Uttam : ORR in NF
11:14 Shai : E for 10605
11:14 Uttam : OD in BNF
11:14 Shai : yes
11:14 Shai : https://mplite.vtrender.com/?symbol=NIFTY&tf=daily&tpo=2&ll=&ul=&sp=1&startDate=&endDate=&nDays=8&idstr=&dstr=_8&rst=0&iam=
11:14 Shai : A singles stand out
11:15 Uttam : NF got rejected from POC of the 6-day comp
11:15 Uttam : https://mplite.vtrender.com/?symbol=NIFTY_E30-07-2020&tf=daily&tpo=6&ll=&ul=&sp=1&startDate=25-06-2020&endDate=&nDays=0&idstr=&dstr=4.1.2.6&rst=1&iam=
11:19 Himanshu : Chief – we had ealier 10670 – Buying tail – which is now overlapped
11:19 Himanshu : SO those buyers are out or .. we can see them in second half
11:21 Seshadri : whats POC of 6 day comp
11:21 Adi : 10760
11:22 Aditya09 : 6 days profile merged together nd the highst traded price of that 6 days profile
11:22 K2dt : 10600 pe writers r adding and adding.. jai ho new margin system
11:22 Adi : today NF high 10763.95
11:23 K2dt : 10600 pe writers r still writing.. jai ho new margin framework
11:25 Uttam : 10765 – (11:21) Seshadri : whats POC of 6 day comp
11:25 Uttam : have posted the link of the 6-day comp above as well as in the daily report
11:26 Uttam : balance to imbalance starts from an initiative move away from the POC which happened today
11:28 Seshadri : thx uttam aditya’
11:29 Seshadri : whats 6 day comp poc for bank nifty
11:31 Adi : @Seshadri, you can view this on MPlite by selecting the days that you want to merge and select merge button
11:31 Favas : ug bnf ref here onwards/
11:34 Seshadri : i know .. if nyone has ready fig
11:35 K2dt : vol meter still at 140 even in dull period like E
11:37 Shai : DPOC moved lower
11:37 Shai : Auction has decided to slow down
11:37 K2dt : 10640 🙁
11:38 Adi : @Seshadri 6d Comp PoC for BNF is 728
11:38 Vyom : Shai what should be reference level to exit shorts?
11:39 Shai : 10690 trailing
11:40 Vyom : ok thanks
11:40 Uttam : E did not make new lows
11:40 Uttam : first sign of auction stalling the move lower
11:41 Uttam : and 2 IB so early in the day can give a retracement
11:41 Vyom : thanks Uttam..
11:41 Govind : Adi, which six day comp in BNF are you referring to? Was there an overlap of value areas in those days? I don’t recall UG talking about one
11:41 K2dt : thnx for that UG
11:41 Uttam : no 6 day in BNF
11:41 Uttam : only NF
11:41 Govind : +1 UG
11:41 Uttam : BNF we have vale forming lower from Friday
11:41 Govind : Yes
11:41 Uttam : after the 2-day comp last week
11:42 Uttam : BNF started this imbalance on Friday itself when it got rejected from that 2-day POC of 22820
11:42 Uttam : neat 1400 points from there
11:45 Ankush Jain : somone asked for Mind over markets
11:45 Uttam : please no pirated versions here Ankush
11:45 Uttam : nor on slack
11:46 Ankush Jain : looking to buy from Amazon, kindle
11:47 Uttam : yes please go ahead kindle version or audio book or the paperback
11:47 Uttam : it is worth every paise we spend on it
11:48 Ankush Jain : kindle edition is for 3092
11:48 Ankush Jain : sure
11:56 K2dt : global futs not in ync
11:56 K2dt : sync*
11:57 Adi : What is the significance of Dpoc shifting lower?
11:58 Shai : (11:37) Shai : DPOC moved lower(11:37) Shai : Auction has decided to slow down
11:58 Uttam : @Adi if you have gone through the training library videos on Day Types you would have seen how POC on a Tredn Day does not move
11:58 Uttam : stays at one place all day
11:59 Adi : yes, so DPOC moving lower could mean RB?
11:59 Uttam : cos auction keeps moving in one direction all day so max vols at at open when the initiative buyer or seller has entered
11:59 Uttam : POC shifting lower here means mornign shorts culd have booked
11:59 Adi : +1
11:59 Uttam : and now we need fresh reds for new downside
12:00 Adi : +1
12:01 Prashant : New learning for me, that.
12:03 Himanshu : LIC IPO – talks on on CNBC
12:03 Uttam : it is all there in the training library Prashant, we just need to keep revising it
12:09 Uttam : G bring a new low?
12:12 Govind : possible, ICICI just made new lows
12:14 K2dt : what are the red and green numbers which keep updating around price in 5 min charts in NF? last traded quantity?
12:14 Sachith : so 21430 HVN provided support for BNF… now RS near vwap would be very good
12:15 KK : BNF has started
12:16 KK : are those low secure for contra 21600 ?
12:27 K2dt : aa gye reds
12:27 Uttam : doom doom
12:28 K2dt : doom ddom indeed
12:28 Ankush Jain : 1lk buyer in NF
12:29 Uttam : 2IB doen in NF
12:30 Boppanna : Shai BNF could u refresh pls?
12:30 Ankush Jain : @Uttam, wht if full form of ORR?
12:30 Uttam : Open Rejection Reverse
12:30 Ankush Jain : OD rejection?
12:31 Uttam : 0s at 10630
12:31 Uttam : new ref in NF
12:31 Uttam : 21480 in BNF
12:31 Ankush Jain : so 630 becomes resistance?
12:32 Uttam : supply
12:32 Shai : once more G
12:33 Ankush Jain : can short more?
12:33 Uttam : BNF for 21319?
12:33 Shai : now below 10600
12:33 Shai : we shoort for 10540 close
12:33 Vyom : Shai short below 600?
12:34 Shai : short below 10596 now
12:34 Shai : 10598 is a vpoc
12:34 Uttam : +1\
12:34 Vyom : thanks Shai
12:35 Shai : G has made new lows
12:35 Shai : if G closes below 10600 we have a new wave down
12:35 Shai : else some more sideways
12:35 Shai : 10670 trailing SL for G and H periods
12:41 Uttam : is it leaving a small tail in G at lows?
12:42 Uttam : can tag 10650 & 680 is does confirm
12:44 Uttam : H wala hammer coming loosk like down
12:44 Shai : 2 ATR done?
12:44 Uttam : not yet 🙂
12:44 Uttam : 10583
12:44 Uttam : 10570 is that hvn also in NF
12:44 Uttam : lets test that
12:45 Shai : Add to 10600 pe at 78 sl of 55 now tgt revised to 110
12:45 Uttam : IS forming
12:46 Shai : have moved into 10600 pe now from 10.40
12:46 Shai : (10:58) Shai : 10600 pe getting dangerous for writers(10:58) Shai : 41 now a support in 10600 pe(10:59) Shai : Am expecting 101 if 40 holds into clsoe
12:46 Uttam : doom doom
12:46 Tejpreet : 596 For Shai.
12:47 Shai : +1
12:47 Ketan : +1 shai
12:47 Vishnu : 2.5 DT NOW
12:47 Tejpreet : Vishnu marching away +1
12:47 Uttam : congo guys
12:48 Vishnu : thanks all
12:50 RiteshM : shai banknifty tgt fro thusday
12:51 Swapnil : Vishnu’s DT is equal to my trading capital. 😛
12:52 Aditya09 : haha
12:53 Uttam : (12:44) Shai : 2 ATR done?(12:44) Uttam : not yet :)(12:44) Uttam : 10583
12:53 Shai : congrats – (12:47) Vishnu : 2.5 DT NOW
12:53 Shai : Killer you are !!
12:53 Vishnu : thanks shai
12:54 Vishnu : only 5 trades all in banknifty and all given good
12:54 Maxis : Aaaah… when will i get to say all that. !!!
12:54 Shai : looking for a landing spot for my 10600 pe now 🙂
12:54 Ankush Jain : just want to make a small point. The nifty is doing what is it doing, but on ground the things are bad and I can vouch for I too run a garmnet factory’
12:55 Uttam : Done – (12:33) Uttam : BNF for 21319?
12:55 Uttam : 21318 low
12:55 Maxis : I guess it was you yest who said that bad news is good news for us traders here.
12:56 Ketan : +1 uttam
12:57 Uttam : _/\_ Ketan bro
12:58 Maxis : Bhai, koi Lucknow se hai kya?
12:58 Maxis : ya koi behen?
12:59 Maxis : tum logo ko dekh ke bahut jalan ho rahi hai.
13:00 NeerajS : so e can close at the lo point of the day?
13:02 Ankush Jain : doom doom
13:02 Sanjib : 10600 PE 74 to 90 all out
13:05 K2dt : vix rising nicely
13:08 Boppanna : Uttam any plans of 20901 FA heads up would be good
13:10 Ankush Jain : 600 pe at 101
13:10 Shai : 110- (12:45) Shai : Add to 10600 pe at 78 sl of 55 now tgt revised to 110
13:10 Shai : How are we?
13:10 Ankush Jain : good
13:10 K2dt : 93-110 superb chief
13:10 Ankush Jain : very good
13:10 Sanjib : fantastic Shai
13:10 Boppanna : A+ Shai
13:10 Ketan : +1 shai
13:10 Rahul : Funtastic
13:11 Shai : told you this is a moving day, not to treat like any other day
13:11 Vyom : super Shai
13:11 Tejpreet : +1
13:11 Shai : (11:02) Shai : stay invested in the chat guys and note the points given(11:02) Shai : this is a moving day- don’t treat it like any other one
13:11 Vyom : should we close shorts here or keep carrying?
13:11 Tejpreet : speedo booming after neutral day is going to be fun
13:12 Shai : +1 Tej
13:12 Shai : I saw that comment of your in the morning- it was spot on
13:12 Shai : below 10540 we open up 10300 again
13:13 Tejpreet : tks chief
13:13 Sandesh : wanna see that number sir!
13:19 Sylvester : First taste of ODD for me. Every word from Shai in video lecture is playing out.
13:19 Shai : Go long again in 10600 pe abv 112 for 141 sl of 95
13:20 Shai : 3 of IS in a row would mean more lows
13:20 Shai : +1- (13:19) Sylvester : First taste of ODD for me. Every word from Shai in video lecture is playing out.
13:20 Ankush Jain : +1
13:20 Ankush Jain : Is it ORR or ODD?
13:21 Ashok B R : +1
13:21 Maxis : ODD for BNF and ORR for NF.
13:21 K2dt : open drive down Ankush
13:21 Ankush Jain : Uttam said ORR
13:22 Himanshu : UG – 21295 iS Weekly VAL of – 29th June Week profile
13:23 Himanshu : is there any significance of that
13:29 Sreedhar : support for 10600 pe Shai?
13:29 Shai : 64 trailing if you got in before
13:30 Shai : else can square off here and short when 10540 breaks
13:30 Sreedhar : +1 Shai
13:30 Shai : Anyone remembers the balance we had 2 fridays’ back here at 10530- 10590?
13:30 Shai : we had buy side imbalaance at 10540 that day
13:30 Ketan : +1 shai
13:30 Boppanna : +1
13:31 Himanshu : That was Chief – 29th June weekly profile ..
13:31 Shai : Then there is another 1 at 10465
13:31 Shai : below that we are clean for 10300
13:31 Himanshu : Off
13:31 Himanshu : Thought if we balance here for a day or 2then ..
13:32 Shai : yes
13:32 Shai : 111 still in that PE
13:32 Rajesh G : yes shai
13:34 Rajesh G : shai do u feel those buyers are still active
13:36 Amit Jain : pull back time
13:36 K2dt : call writers bhagao yojna
13:37 Himanshu : Reliance recovering Shrply
13:38 K2dt : yes H
13:39 Sreedhar : Shai can you adjust top left value table a bit ?
13:40 Maxis : Series of +ve cot in BNF
13:40 Saurabh rohatgi : Uttam any view on hcltech
13:40 Ankush Jain : speedometer is again running fast
13:40 Saurabh rohatgi : @shai @uttam view on hcltech
13:41 Vyom : Shai Uttam when do we change stance if any during such a day?
13:41 Vyom : crossing of VWAP/
13:41 Vyom : ?
13:41 Himanshu : Tom Reliance AGM
13:42 Govind : do they announce results as well tomorrow?
13:43 Uttam : no Saurabh not following HCL
13:49 Uttam : if we get above VWAP and start making higher highs
13:49 Uttam : this could just be the afternoon pullback
13:49 Uttam : but no fresh shorts also yet
13:51 Tejpreet : Reliance might bid for bpcl in tomoroows AGM as per grapevine.
13:51 Uttam : guys what is important we take from the open is that initiative player is present or no and today’s open was one of the 3 we know which involves big players so keep it simple – (13:21) Maxis : ODD for BNF and ORR for NF.(13:21) K2dt : open drive down Ankush(13:21) Ankush Jain: Uttam said ORR
13:51 Uttam : ab itna paisa aa gaya to kya karenge ;-p – (13:51) Tejpreet : Reliance might bid for bpcl in tomoroows AGM as per grapevine.
13:52 Maxis : Yes UG. I was just clarifying to the other memebers when they asked about it. Heard you the first time when u mentioned that.
13:52 Uttam : also we almost hit 3 IB in both today so that is a good level to book profits – (13:41) Vyom : Shai Uttam when do we change stance if any during such a day?
13:54 Vyom : thanks Uttam
13:54 Sachith : RS at 21430 bnf .. interesting
13:54 Ankush Jain : thanks Uttam
13:54 Uttam : 21430 is the RO point
13:54 Maxis : 3IB, noted UG.
13:55 Ankush Jain : ORR is significant that we could see more downside??
13:55 Ankush Jain : open drives result in bigger moves in coming days
13:56 Maxis : 10635 is where the heavy sellers were in NF at 12:25 candle
13:56 Gopi : google to invest in jio?
13:56 Gopi : 4 billion
13:57 Uttam : PBH done in both?
13:57 Uttam : lets get some reds now for new lows 😉
13:57 Maxis : could not break 10635
13:57 K2dt : 57k stuck at 10630
13:57 Arjun : google and facebook both ? microsoft also has paternship . !!
13:58 Adi : 10630 also had 000’s
13:58 Maxis : i guess so Adi.
13:58 Maxis : i think the move was after crossing those 000’s
13:59 Shai : Intra – shiort NF 10624 sl of 10656 tgt 10570/ 10540
14:04 Vishnu : bnf any shai down point?
14:05 Shai : 62 sl in the 10600 pe
14:06 Shai : 21140 doabl;e sl abv 21540 now on clsoe
14:07 K2dt : come on now don’t stay at dpoc
14:08 Uttam : waiting for K—-Kushal
14:09 K2dt : 😀 aane do
14:13 Uttam : looks like K has different plans?
14:14 Swapnil : 62 SL taken in the 10600 PE
14:14 K2dt : j kya tha!
14:14 Uttam : vwap cometh
14:15 Uttam : what will happen to that 44k green
14:16 Uttam : NF profile wants a fill lower
14:16 Uttam : these greens could get stuck
14:16 Uttam : both in NF & BNF
14:16 Vishnu : so bnf
14:17 Vishnu : give me 21200
14:17 Uttam : already come na Vishnu 😉
14:17 Uttam : 21212
14:17 Vishnu : once more filling
14:17 Uttam : ask for more ;-p
14:17 Vishnu : then shai no
14:17 Vishnu : 21140
14:18 Uttam : 21120 & 21000*
14:18 Maxis : is K in mood today?
14:19 Maxis : aaya
14:19 Uttam : 10600 minor sup in NF
14:19 Uttam : 21324 in BNF
14:19 Uttam : take them out and can get new lows in both
14:19 K2dt : gyi bhens ……
14:21 Shai : Book all for now- (13:59) Shai : Intra – shiort NF 10624 sl of 10656 tgt 10570/ 10540
14:21 Shai : 10609 cmp\
14:22 Shai : was that your order at 61.05- (14:14) Swapnil : 62 SL taken in the 10600 PE
14:22 Shai : try not to put option prices in teh system – they will execute
14:22 Maxis : why so early shai. Good is with seller s and -ve cot?
14:23 Swapnil : No Shai, I put in a manual order when it dipped below 62.
14:23 Rahul : IS negative COT, shorts again
14:23 Shai : shoukld have come back in
14:24 Shai : tested vwap and came down
14:24 Swapnil : I re-entered and made a few
14:25 Shai : +1
14:26 Uttam : yes VWAP got rejected
14:26 Uttam : (14:15) Uttam : what will happen to that 44k green(14:16) Uttam : NF profile wants a fill lower(14:16) Uttam : these greens could get stuck(14:16) Uttam : both in NF & BNF
14:27 Maxis : why did we exit gthe short NF trade early even though there were good sellers, an IS and -ve COT? pls let know.
14:27 Uttam : we booked profits MAxis
14:27 Uttam : which is good
14:28 Shai : we shorts again when 10594 breaks
14:28 Uttam : we can enter again for the closing move
14:28 Maxis : yes man. i did book when Sire said so. Just trying to learn the ropes here.
14:29 Shai : else has an option to close at vwap instead of lows as was expected
14:29 Uttam : 10600 had a green band on 30mins
14:29 Shai : can hold with 10645 sl also
14:29 Uttam : if we stay below 10600 more downside to come
14:29 Uttam : BNF next level 21250
14:30 Uttam : some good buying today Shai?
14:30 Uttam : or just shorts booking?
14:30 Maxis : so it’s best to take trade with minimum 2 lots, if Money Management permits, and book 1 (or half qty) when exit calls and leave the rest to trail?
14:31 Avinash : Shai with todays activity has the trend changed for sell side for the next few days?
14:31 Shai : let’s wait this hour to decide that
14:32 Avinash : Ok, Thanks
14:37 Gopi : banks may like it: no extension of morotorium
14:38 Gopi : etnow report
14:38 Amit : @shai 2.40 time of profit booking still works on a trend day?.
14:39 Shai : No there is an IB there also with 1 L COT
14:39 Shai : if there was more selling I would have held
14:39 Shai : see 1.30/ 1.35 candles
14:39 Shai : both show profits taken
14:40 Amit : ok
14:40 Shai : needs selling now below 105495 else will clsoe at vwap
14:40 Maxis : 10595 *
14:40 Boppanna : 10594
14:41 Shai : 10595*
14:41 Shai : yes thanks
14:41 Maxis : + Bops
14:41 Shai : just being safe guys here
14:41 Shai : it’s been a good day
14:41 Uttam : +1
14:41 Adi : +1
14:41 Shai : bharti has a press con at 3.30?
14:42 NeerajS : yes for some tie up ith veriizon
14:42 Shai : And google is puuting half of what they promised India into Jio 🙂
14:42 Maxis : yes Chief. My first 2 weeks went in just understanding the system and a small draw down . Since yest, my MTM is a 4 digit green.
14:42 Uttam : Bharti has some investment from Amazon?
14:42 Shai : Congrats
14:43 Jitender : verizon uttam
14:43 Maxis : Thanks and Regards,
14:43 Jitender : Google may b doing 4bn $ in RIL
14:43 Uttam : cool thanks HJit
14:43 Uttam : Jit*
14:43 Jitender : Bharti with Verizon
14:44 Shai : between JIo and Bharti now all the FDI is comin g here
14:44 Uttam : L starts
14:44 Shai : yes with so much flowing to Jio, some omne has to look at bharti as an option also
14:44 Maxis : Mahindra is yearning to get in the telecom.
14:45 Maxis : So many oppertunities since China Bycott
14:45 Maxis : its a blessing in disguise, we just have to wait out the tough part.
14:46 Uttam : going for VWAP
14:46 K2dt : vwap darshan again?
14:46 Uttam : what a timely exit that was Shai for shorts
14:46 Maxis : +10 shai
14:46 Uttam : that 10600pe also back to 62 from 80
14:46 Uttam : 64
14:47 Uttam : some more shorts getting out in NF
14:47 Seshadri : morning shorts are booking out
14:47 Uttam : BNF getting some greens
14:48 Uttam : byuers cos of that news Gov?
14:48 Govind : RIL?
14:48 Uttam : moratium one
14:48 Uttam : which banks will like 😉
14:48 Govind : nothing major Uttam
14:49 Adi : if no moratorium, banks will have to provide for NPL
14:49 Uttam : OI rising in it
14:49 Govind : as far as cash buying is concerned
14:49 Uttam : thanks Gov +1
14:50 Uttam : boom boom coming looks like in BNF
14:50 Uttam : 21580?
14:54 Uttam : 21430 needs to be taken out
14:54 Uttam : can give a 150 point long jump BNF into the close
14:55 Uttam : je baat
14:56 Uttam : 21414
14:56 Uttam : 21430 nikalo
14:57 Seshadri : looks like we will cross 21430
14:57 Anil null : hi!
14:57 Prashant : 21430 is coming from?
14:58 Shai : careful if 10650 is crossed now
14:58 Shai : for only those still holding shorts
14:58 Shai : I think all of us are booke dright?
14:58 Rahul : y
14:58 Maxis : y
14:59 Sudhir : y
14:59 Uttam : 21430
15:01 Avinash : UG, today’s profile qualifies for a 313 profile?
15:02 Uttam : no tail at lows
15:02 Maxis : another run in NF?
15:02 Uttam : 21430.6 se ghar wapasi – (14:54) Uttam : 21430 needs to be taken out
15:02 Adi : 🙂
15:02 K2dt : le aao spot 10600 niche
15:03 Uttam : Value lower more a ‘b’ chape profile in both
15:03 Uttam : today’s POC will be imp ref
15:03 Avinash : Ok, thanks
15:03 Uttam : we also have an extension handle in both
15:03 K2dt : jo K mei krna tha wo J mei kar rhe hai 🙂
15:03 Uttam : L hai abhi bhai
15:04 K2dt : 🙂
15:05 Rahul : charts
15:05 Maxis : swing btwn 635 to 600
15:05 Uttam : charts are fine Rahul
15:05 Maxis : charts good here too
15:09 K2dt : close near dpoc
15:09 K2dt : ?
15:10 Shai : go short below 10594 only now
15:10 KK : what’s R O point , is it HVN , that 18K came exactly at 430..Pure science.pls guide
15:10 Ankush Jain : its not over until its over 🙂
15:12 Rahul : may soime issues at my end. Thanks
15:14 Maxis : Yem to be Yummy? Kanna, yeha solerey?
15:14 Uttam : BNF….
15:15 Govind : now there is some good vols in cash UG
15:16 Rajesh G : shai trend day is followed by a balanced day?
15:16 Uttam : cool thanks Gov
15:18 Uttam : today not a trend day Rajesh
15:19 Rajesh G : ok
15:19 Maxis : Normal or Normal Variation Day?
15:20 Uttam : Normal means no RE
15:21 Shai : The market tried to put in a balnce at 10618 right here in last 90 mins
15:21 Shai : if we open here at 10620 we could stay quiet
15:22 Shai : Anything abv 10650 can invite some short covering early at open
15:22 Shai : And nears will try to probe below 10595 again for business
15:22 Shai : relatively set the auction
15:23 Shai : imbalanced open closing in half a balance
15:23 Shai : no positions to be carried
15:23 Tejpreet : +100
15:26 Uttam : options OI falling so looks like writers covering
15:26 Jitender : tv is sayn rally towards 10.8
15:27 Tejpreet : 🙂
15:28 Maxis : Catch tomorrow guys. TC.
15:28 NeerajS : bye all…Have a good evening ahead!
15:28 K2dt : anuj?
15:28 Jitender : no hindi guys
15:28 K2dt : singhvi saab 🙂
15:28 Uttam : thanks All 🙂 have a lovely evening
15:28 Shai : Hope everyone had a good session and is profitable
15:28 Shai : tc all
15:29 Shai : have a good evening
15:29 Tejpreet : Bye All
15:29 Rajesh G : thanks shai
15:29 Boppanna : thx Shai for ur inputs
15:29 Rajesh G : thanks UG
15:29 Avinash : Bye everyone
15:29 Adi : Have a good evening folks.
15:29 Manikandan : Thanks. Bye All
15:29 Giridhar Gowravajhal : Thanks Shai & Uttam !!! Bye all !!!
15:44 Himanshu : Bye all
09:06 Shai : (09:04) Shai : After yesterday’s auction there was no change in the larger sentiment which continues to signal a balance and a move within the balance(09:04) Shai : ref line for the day is 10816 where the big volume enetered yesterday for the second part of the move(09:05) Shai : 10727 continues to be a support\(09:05) Shai : in BNF large volume was traded on the sell side between 22480- 22500 which is now a supply(09:05) Shai : support at 22060 and the same 21900 as mentioned yesterday
09:06 Uttam : a) NF needs to stay above 10806 for a rise to 10826-834 / 10880-914 & 10945-965
09:06 Uttam : b) The auction below 10797 can test lower levels of 10774-754 / 10732-716 & 10663-657
09:06 Uttam : a) BNF needs to sustain above 22180 for a rise to 22236-308 / 22380-448 / 22543-675 & 22755-810
09:06 Uttam : b) The auction accepting below 22170 could test 22116-055 / 22000-21939 / 21840*-720 & 21649-545
10:42 Uttam : d) If 10657 is taken out, NF could fall to 10637 / 10596-570 & 10542-500
10:42 Uttam : d) Breaking below 21545, there could be a fall to 21468-355 / 21319-223 / 21120-000* & 20901