Many traders are looking for information on how to use market conditions to find good trades. Order Flow is best understood as a way to see existing bias in the markets. Order Flow helps us understand who is in control of the market and who is “upside down” and likely to make exits from that position in a loss.
Volume Profile and Order Flow are very good tools to assist you in trading. You can also use it along with your existing setup.
07:50 Vtrender Live : 30 min charts – https://join.me/980-661-014
09:04 RK : GM All
09:04 Manjunath : GM all….:)
09:05 RK : Unofficial holiday for intraday traders..watch the fun
09:05 Manjunath : holiday because of budget RK?
09:05 Manjunath : volatility?
09:06 RK : yes..nothing will work today atleast till 1pm
09:06 Manjunath : ok
09:06 Subhodeep : gm ladies and gentlement
09:08 Azmath : GM All
09:08 Azmath : Team 30 Mins GoTo Meeting Link pls ?
09:09 Uttam : Good Morning All 🙂
09:10 Jitender : Gm Folks 🙂
09:10 TP : GM All.
09:11 Shubro : gm all
09:11 Miyajan : Good morning everyone,RK holiday for positions as well,will take new on monday
09:12 RK : cool
09:12 Uttam : @Azmath we have the 30min OF in the joinme link
09:12 Subhodeep : sbi titan on the radar today result day nifty compnaies
09:12 Uttam : no options today as they were not updating so Shai will look into that over the weekend
09:12 Azmath : ok.. Thank you Uttam
09:13 Uttam : 🙂
09:17 Subhodeep : charts not updatin g?
09:19 Jitender : Uttam…chck yr DM pls
09:29 Jitender : PM to address/ make an announceement at 11.45am
09:30 RK : apart from budget session speech this one?
09:30 Jitender : ys
09:30 Jitender : in LS
09:30 RK : ok
09:30 TP : Jit keep us posted with real time news updates !!
09:31 Jitender : Tej..will try my best
09:31 TP : tks bro.
09:31 Jitender : have 2 go fr sumtime in between
09:31 Jitender : u r wc
09:31 RK : btw this is interim budget or just vote on account?
09:31 Jitender : latter
09:32 Rajiv : Interim
09:32 RK : good
09:32 TP : vix is just cooling down , options pricing seems to say a dud budget .
09:33 Uttam : b) Above 10868, NF can probe higher to tag the vPOC of 10881 and 10900…this hypo done in NF
09:34 Subhodeep : vote on accoun tbut presenting it as f hey incumbent is goin gto come back
09:35 Subhodeep : presentation starts at 11am
09:56 Boppanna : test
09:56 Uttam : A grade Bops 🙂
09:57 Boppanna : thx Uttam no chats since 935 ?
09:57 Uttam : RK declared holiday 🙂
09:57 Uttam : boom
09:58 Uttam : a) BNF has closed at the HVN of 27330 so above 27360 can probe higher to tag 27416 & 27490
09:58 TP : Uttam even indexmover bot has gone into hibernation 😉
09:58 Uttam : yes Tej no alerts at all else open we get so many
09:59 Subhodeep : does the bot track event risk ?
09:59 Subhodeep : 🙂
10:00 RK : this is kind of known large risk event per year
10:02 Uttam : BNF had confirmed a FA at 26920 on 29/01 and tagged the 1 ATR level down that day itself. It got above this FA and completed the 1 ATR to the upside and closed above it today. The 2 ATR move up comes to 27408
10:02 Uttam : today high in BNF 27409
10:09 Santhanam : Guys…. as we r on holiday…. always wanted to know the names of the participants…… for RK, TP, MJ 🙂 🙂
10:11 Uttam : TejPreet
10:11 Uttam : MihirJ
10:12 Uttam : RK for me is prof RadhaKrishna but he got to give his full name
10:12 Santhanam : thanks uttam 🙂
10:26 Subhodeep : prof rk open wold be oaor?
10:27 Subhodeep : seems to be goin gto highgs and probe 947 before 11 before teh man friday starts speaking
10:29 RK : Radhakrishnan 🙂
10:29 Uttam : 🙂
10:30 RK : But I hardly remember when smone called me with that name..its always been RK for many years now from office to relatives 🙂
10:30 RK : yes OAOR
10:31 MJ : Good Morning everyone.
10:31 MJ : Santhanam I am Mihir Joshi.
10:31 MJ : Someone get RM to the room?
10:31 Subhodeep : mornin mj
10:31 MJ : Been a while that I’ve seen him around.
10:33 Uttam : his presence was felt yesterday Mihir
10:33 Uttam : me & Tej spoke abt him too in the morning
10:33 MJ : I mean in the room.
10:33 Uttam : and he obliged with a 4 & 6 IB day
10:33 MJ : Marker wise he delivered 😉
10:34 MJ : What a fun gentleman to interact with.
10:34 MJ : For guys who use mplite.
10:34 Boppanna : nobody playing the 3IB today?
10:34 MJ : ~~~~ in pink are 3sd bands.
10:34 MJ : Quite effective ones.
10:35 MJ : it is 3SD of 1 min closing price.
10:35 RK : 25 done in NF Bop 🙂 (10:34) Boppanna : nobody playing the 3IB today?
10:35 Boppanna : Nice RK
10:35 MJ : Bopp I am hoping 🙂
10:35 MJ : 3 to 5 ib.
10:36 MJ : Order waiting at 692 for any random freak lows to buy 🙂
10:38 RK : ok we have another 1 hr to kill..Shoot me any questions if you have got any grey area to be addressed will try to answer..and also we just completed a month from my calls..so give me your feedback on that it could be anything
10:38 MJ : #AMAwithRK
10:39 MJ : RK basic question. Many new people and others around will have it. How do you approach the profile chart on ID basis? If you can guide us through some checklist?
10:40 Miyajan : i doubt anyone can do better than you RK
10:41 RK : Miyajan feedback in the sense if smthing not comfortable or not clear smthing like that..will try to help to accomadate 🙂
10:42 RK : MJ basic stuff is Value..when you have trending values being a beginner try to avoid contra trades..and when you have trending/higher value for eg always look for whip tpos to join the trend..
10:43 MJ : Can we pick one chart for reference? Eg: Yesterday?
10:43 RK : 90% of the time it gives you good chance to enter later in the day
10:43 RK : yday was classical trend day barring first two tpos..nothing much to decipher from that
10:43 Francis : @RK my query i opposite of MJ what hints give you for positional or swing looking at MP Charts
10:44 MJ : Or any other profile where the value eg. fits better?
10:47 RK : Francis to be frank I dont take much of posional view from profile charts now a days and use them mostly for intra..but few hints are to look whether trending or composite..trending means as I said above try to join the trend on pullbacks to gap/tails and trail them towards destination from prev profiles like nPOC/gaps/poor highs/minus development ets..composite means look for P/b/ developing bell then set the range and look for fading opportunities
10:48 RK : another good setup is looking for FA and aTR obj which Uttam keep updating
10:48 RK : for swing that is
10:50 Francis : thanks RK
10:50 RK : MJ what I try to see from profile is first a)value b)type of day c) possibilities of whip to join trend d) reversal i.e, discontiuation of expected pattern like expectation was b but you are getting IBL extn and DD down e) range extn holding probabilities f) chances for elongation or bell – these are sm basic stuff to define trades
10:52 Francis : Thanks RK, one question that i had was on the mid -day trades that you give…
10:52 RK : MJ one small example is when you are having bell or b but you get a sign that it can be DD means try to take entry on break of established range and wait for min 20-30 quick move from balance so that you get your extn handle and DD..sm times profile would be yelling on this..and once DD confirmed with 20-30 extn from balance now look for another 20-30 rotation post extn..and your invalidation from profile is acceptance back in extn singles
10:54 Francis : The trade on wed 1.52 short at 10654 any insights on that coz it was out of my scope to understand
10:54 MJ : Wonderful RK, Thank You.
10:55 RK : Francis wait let me pull my journal
10:56 Himanshu : rk please throw some more light on composite p or b
10:57 Himanshu : yestrerday uttam also mentioned the move from composite b
11:01 Jitender : abt 2 start
11:01 Gautam null : bnf 27294 tgt
11:01 Jitender : strtd
11:02 RK : Francis exactly what I explained above to MJ is the context behind that trade.. till IB we had nice balance..then pullback to VWAP got rejected and we got very quick imbalance to 10620..and if you see day before profile we had Ledge around 10606 and some anomaly at profile lower disbn to be repaired..so after making 10620 low and it bounced my expectation was to hold extn singles which was at 10670 and fill that lower part of prev day..so that we can get DD done fully..and day before was neutral day too where VWAP was imp ref..so on test of that VWAP decided tot ake short to get VAL again at 10630 so that we get DD also have neat lower disbn..it didnt move beyond 10638 so we had to quit at cost
11:03 RK : Just keep this in mind..after such quick imbalance happened like on that day dont expect V shape reversal esp after neutral day..so worth a try to join the imbalance of that day on pullback to rest low of imbalance
11:05 MJ : RK slack please.
11:05 RK : Himanshu its simple..more the time you exhaust at highs around same zone and come down quick it turns out composite P and vice versa for b..so just larger P means PULL down large b means BUMP up..
11:08 RK : Jit expecting >700 range in BNF?
11:08 Boppanna : RK For trade invalidation do you wait for stops to trigger or change based on OF?
11:10 RK : Bop for me stops are just for safety at the time of entry of the trade..after that it wont be necessary to stick to same stop..when I see context is not happening as expected or auction says other info I would either move close the stops or better quit
11:10 Himanshu : rk i mean where to look for trade?..in composite p or b
11:10 RK : most of the times you know well auction is still in favor of your context.only that time I would stay with original stop and allow the trade to take its own time..
11:11 Jitender : Rk 2atr for range
11:11 Francis : thanks RK
11:14 RK : Himanshu best entries around exhaustions zones i.e, P highs and b lows..this is context..look for trade location based on OF or any other your own subjective things which you are tracking
11:15 RK : for examples P composite high was around 11K..so look for 10960-11000 zone to short esp amid noise time with any factors favouring entry..and look for P VAL/closer to tail at lows as obj
11:15 RK : fine Jit
11:16 Himanshu : rk u take composite of 3 day?
11:16 RK : very imp thing with composite is you need to spot them well and early to get most out of it..later to the party means you miss the chance
11:16 Subhodeep : ji whats the interm fm speaking abt ? gyrations getting bigger it seems
11:16 RK : we cannot specify the days as its based on auction..but min 3 days is good yes..I have seen 7-8 days composite too
11:18 Himanshu : any specific things to spot ?(11:16) RK : very imp thing with composite is you need to spot them well and early to get most out of it..later to the party means you miss the chance
11:19 RK : spot in the sense having conviction that its making high again around same high zone of earlier and looking for P formation
11:20 Subhodeep : bops we have done 753 i guess on infy now obj2
11:20 RK : see for eg you have 11003 swing high through imabalnce..now next day you get inside day with nice bell below but having spike to hit around 10990..next day again making lower value or inside value means you can spot that spike failure around swing high so you are going to get composite here
11:21 Jitender : Shubo..tey will get bigger…its just prelimns now
11:21 Jitender : gen spkn..data etc
11:21 Subhodeep : noted jit
11:21 RK : there are many ways of auction and many ways to spot it..better way is to observe everything
11:21 TP : Jit vix DL down 5.25 %
11:22 Subhodeep : i think he would be seakjng for 30 to 45 min s post which the pm is supposed to speak
11:22 Himanshu : superb rk thanks a lot
11:22 Francis : Todays chart is important +1 RK
11:22 TP : RK awesome information +1
11:22 Francis : *chat
11:23 Azmath : Thank you RK _/\_
11:23 RK : see I have shared this earlier in Twitter many times..easy way to spot that you are going to have composite means you will have following – quick gap fills either on same day or next day / spikes wont get follow through / morning tails will be filled back / double disbn and triple disbn profiles / 3 IB days and pullbacks
11:24 RK : so when you see such characteristics of price auction you can go slow with your posnl account or reduce size
11:24 Subhodeep : rk perspective on a 313 pleae
11:24 RK : and from your experience take additional factors to confirm this like low Vix or OI scattered or smthing else
11:25 Jitender : 6k income supp to farmers
11:26 Jitender : btw..done 0.84 of Dt meanwile https://vtrender.slack.com/archives/C0F2VRTPW/p1549000554006900
11:26 RK : Subho 3-1-3 is nothing but two side fight for control and failed to take control..so peace by close..immeditate reaction next day should be a) fill prev value or b) make a fast move away from balance..
11:26 RK : so one has to look for signs first 15-30 mins where are odds to get A or B
11:27 Subhodeep : noted rk
11:28 Azmath : Superb Jit
11:28 Jitender : +1
11:29 Jitender : never miss range bound mkt time..never
11:29 Subhodeep : wow jit
11:29 Jitender : cheers
11:33 MJ : Azmath your favvv day 😉
11:33 MJ : And mine too.
11:33 MJ : So many round trips.
11:33 MJ : Cheers J.
11:33 Azmath : Ping Pong
11:34 Azmath : 😉
11:35 MJ : Pingaponga.
11:36 MJ : 915 ke uupar baut majja.
11:41 MJ : RK you’ve been often found to say Ledge is an edge. From an ID perspective you wait to fade at ledge? Or wait for it to be broken?
11:42 RK : Ledge means kind of iceberg orders..so the moment you see sign of ledge start fading it..good RR
11:42 RK : allows small filter for errors there
11:43 MJ : Ledge in any specific profile shape is to be observed?
11:45 RK : except bell profile can look for ledge in another profile
11:45 RK : works better if Ledge around singles
11:46 MJ : RK do you trade the 5day poc setup? If yes, can share broader nuances?
11:47 MJ : @Rk thanks.
11:47 MJ : Now that you’ve asked for questions, I am going all out 🙂
11:48 RK : wanted to share this often but forgot..there is one folder icon around right bottom corner of chat room..there are many links there which could help newbies to room..esp the trade size sheet made by RM..use that extensively to manage posns and let me assure you you wont regret in any type of mkt
11:48 Uttam : +1 RK
11:49 RK : MJ 5day POC clearance with imbalance nature seems making wonders..just few random observation there..need to test though..but with some context its worth a ref to track
11:49 MJ : Yes RK, Me and Suyog have been tracking it at times. Even bigger composite POC if captured gives amazing results. Need some back test too.
11:51 RK : 1% move if you have valid auction confirming imbalance to go with 5dPOC..even yday is classic example..bouncing from b lows and rej at 2 day VAH yday IBL and clearing 5dPOC at 10750 gave nice 1% move and you knew that it was trend day move when we were clearing that ref so worth to trade that
11:56 RK : still nice bell NF
11:56 MJ : Thanks RK.
11:56 MJ : What is your your fav song while trading?
11:58 MJ : How you get back to center when you’ve had 3 – 4 winning trades?
11:58 RK : not only while trading..but whenever I want to get back to senses this is my leveller https://www.youtube.com/watch?v=YIyY6DWadxo
11:58 Miyajan : by the way RK thanks for introducing me to Illayaraja)
11:59 MJ : You answer 2 questions in one shot.
11:59 MJ : Thanks.
12:00 RK : He is the legend and soul keeper for almost every south Indian 🙂
12:00 Uttam : yes RK true that, hes a legend
12:00 Vinay : Its one of my favorites too RK…apart from Agni Nakshitram. Thalapathi.Mouna Ragam,,Nayagan etc
12:01 RK : dont pull Ilaiyaraha here and I would go on talking days and days without food,charts,water etc 🙂
12:01 Uttam : though I have heard his work only in the hindi movies which get dubbed from Tamil
12:02 Vinay : and of course Thiruvasagam is a classic.. https://en.wikipedia.org/wiki/Thiruvasakam_in_Symphony
12:03 Vinay : RK tomorrow and day after Ilayaraja @75 show live in Chennai
12:03 Miyajan : his music is soul stirring,truly amazing
12:03 MJ : 25 % tax rate below 250 cr.
12:03 MJ : turnover.
12:03 Jitender : last yr happened
12:03 Subhodeep : i think that was alreDy there
12:04 Subhodeep : yes
12:04 Subhodeep : jit
12:04 RK : MJ to be frank I believe I have crossed the stage of 3-4 continuous winning/losing trade affecting my decision on next trade.but still am very cautious to keep my emotional capital intact..thats foremost agenda for me always.(11:58) MJ : How you get back to center when you’ve had 3 – 4 winning trades?
12:04 MJ : Oh this is last year ka highlights.
12:04 RK : Yes Vinay its in Chennai this week
12:04 RK : always (12:03) Miyajan : his music is soul stirring,truly amazing
12:06 MJ : We need a separate conversation 🙂 (12:01) RK : dont pull Ilaiyaraha here and I would go on talking days and days without food,charts,water etc 🙂
12:08 MJ : @RK heard Thaikuddam Bridge cover of Illaiyaraja?
12:09 RK : yes..If you like these guys listen movie songs “96” good work from them
12:10 RK : not from entire team but from main man of the gang
12:10 MJ : I am a big music connoisseur.
12:10 MJ : Been fortunate to hear IR live.
12:11 RK : Anonymized scrutiny got its plus and minus
12:11 RK : I have been lucky to have good examiner to hear out my case and close it amicably
12:12 RK : #ITax
12:12 Rushabh : its a negative mostly
12:14 RK : 90% are genuine cases to prove nothing done wrong Rushabh so anonimity helps..but there is a pain of getting required docs and other stuff is there..agree
12:14 Himanshu : rk u declare trading income as business ?
12:15 RK : yes
12:16 Himanshu : good …u can reduce ur tax burden rk…by legal means..
12:16 Himanshu : i suppose u have a CA
12:16 RK : yes and he is a trading buddy too 🙂
12:17 RK : every Thu expiry he calls me for mkt direction 🙂
12:17 Himanshu : wow thats double benefit..no worries..
12:17 Uttam : lol RK
12:17 MJ : RK do you take peanut to pumpkin trades? 😉 expiry ones?
12:17 RK : yes he takes care of my entire books and filing
12:17 Uttam : so you have a set up there as well 😉
12:17 Himanshu : lol ..uttam
12:18 RK : MJ lotteries I mostly avoid..I trade expiry day also just like other day..just more opportunities thats it
12:18 RK : Uttam he is a big fan of spike rule and 3IB rule..I taught him and he is tracking it closely 🙂
12:19 RK : via his candle charts
12:19 Uttam : oh cool, nice RK trade your set ups with him for each filing
12:19 RK : He was mostly with commodies scalps and I turned him into equities fully..he trades more stocks and BNF now
12:19 Uttam : nice
12:20 Himanshu : sudden spike ? y?
12:20 MJ : RK rapid 5 please.1) One thumbrule for trade? 2) never have I ever? 3) Best setup for ID? 4) Things you just can’t trade without(screen area) 5 One line of advice for all the traders?
12:27 MJ : Previous references here. 911 914 (11:36) MJ : 915 ke uupar baut majja.
12:27 RK : 1)manage risk- no capital = no business 2) not clear..you are asking me? 3) inside range/value day and rej at extremes with OF confirmation 4) profile 5) dont try to chase every move and dont compare with others..everyone’s capital,lifestyle,and expectation from mkt is different so just watch yourself..
12:28 MJ : Okay leaving 2nd question. Was Asking you (never have I ever…. Eg: visited goa or Shorted options)
12:29 MJ : Wonderful RK. thank you for your wise words.
12:29 RK : BNF minus developmnt on 25th profile
12:29 RK : 27530 poc
12:30 MJ : RK i wanted more clarity on minus development. It can be a longer topic maybe after market hours.
12:30 RK : in simple words making balance in previous poor imbalance
12:31 MJ : Balanc
12:31 MJ : Like hidden gap?
12:31 Jitender : up2 5lac=no tax
12:31 MJ : Wooohooooo
12:31 RK : 3lacs to 5lacs good
12:33 Rushabh : rk levels to watch?
12:33 RK : tmw headlines = Mkt rise as expected more money to come to mkts due to revised tax slab 🙂
12:33 Rushabh : lol
12:34 RK : Rushabh its free zone 11025-10750-10600..can travel
12:34 RK : can travel anywhere in this zone
12:34 RK : sustaining 11025 means smthing massive
12:34 MJ : No big reds right RK in OF?
12:34 RK : can do 11180 then
12:34 MJ : Lets…..
12:35 MJ : 11011 half booking zone (11:36) MJ : 915 ke uupar baut majja.
12:36 RK : so 5lacs is slab and 1.5 lacs is tax exemption right?
12:36 RK : sm high vol bars here
12:38 Uttam : c) Above 27490, BNF can move higher to tag 27536-545 and 27590
12:38 Uttam : e) If BNF breaks & sustains above 27590, the auction can go higher to 27640-665 and 27716-740
12:38 MJ : RK better tsl for the 915 long would
12:38 Uttam : 27716 is a FA
12:38 MJ : Profile wise?
12:38 Uttam : thats the ext handle now Mihir
12:38 Uttam : so keep that only as SL
12:38 MJ : Okay done.
12:38 Uttam : if hits that means ext handle gone
12:39 RK : 10935 MJ
12:39 MJ : Captured half. Lets see if we find higher ways to go. Else holding with tsl.
12:39 MJ : 1235 1240 bar needs to be overcomed.
12:39 Uttam : RK close above Jan highs today means we can trend up in Feb?
12:41 MJ : Thanks RK Uttam.
12:41 Miyajan : any news on LTCG or STT?
12:41 Prasanth : nothing yet
12:41 Uttam : looks like thats saved for the afternoon spike Miyajan 😉
12:42 Jitender : budget over
12:42 Jitender : abt 2
12:42 Uttam : oh done
12:43 Boppanna : BNF retracing
12:43 Himanshu : done
12:43 Himanshu : no ltcg no stt
12:44 Uttam : 27590 is important level Bops
12:44 Jitender : nope4
12:45 RK : Volumes yet to cone in..just 75lacs sofar
12:45 RK : possible Uttam (12:39) Uttam : RK close above Jan highs today means we can trend up in Feb?
12:45 Rushabh : rk no reds?
12:46 RK : not much
12:46 Himanshu : pls refresh charts
12:46 Rushabh : rk so any good entry?(12:45) RK : possible Uttam (12:39) Uttam : RK close above Jan highs today means we can trend up in Feb?(12:45) RK : possible Uttam (12:39) Uttam : RK close above Jan highs today means we can trend up in Feb?(12:45) RK : possible Uttam (12:39) Uttam : RK close above Jan highs today means we can trend up in Feb?(12:45) RK : possible Uttam (12:39) Uttam : RK close above Jan highs today means we can trend up in Feb?
12:48 Uttam : (12:38) Uttam : thats the ext handle now Mihir(12:38) Uttam : so keep that only as SL(12:38) Uttam : if hits that means ext handle gone low in NF so far 10925
12:48 Uttam : 10915 looks to be in danger though
12:49 Boppanna : Hmm somebody read that… 12:33 RK : tmw headlines = Mkt rise as expected more money to come to mkts due to revised tax slab 🙂
12:50 RK : Rushabh why hurry..better to wait..today is the day of OTF making inventory..even tmw
12:50 Uttam : 10922 new low in NF
12:50 Rushabh : got it, thanks rk
12:50 Uttam : dip done looks like
12:51 Uttam : IBH also there plus now vwap too
12:52 Boppanna : vwap and bounce BNF
12:54 Porus : Where’s Jit today?
12:55 Uttam : he was here Porus but was telling he may need to go in between
12:55 RK : BNF day low test might come
12:55 RK : dont trade it..just a view..lets see
12:56 Porus : Budgetis cost heavy. Wonder what will happen to mkt now
12:58 RK : what was last budget day?
12:58 RK : same FEb-1?
12:58 Uttam : same
12:58 Uttam : yep
12:58 RK : 280Lacs was vol that day
12:59 RK : today we have just done 90lacs..so still OTF maj vol waiting in sidelines
12:59 Subhodeep : yes
12:59 RK : 59lacs was BNF then now 19lacs
12:59 Uttam : NF new highs
13:00 Porus : where is the next resistance?
13:00 Uttam : 11k here
13:00 TP : bata high in both
13:01 Uttam : Bata trending today is it 😉
13:01 Porus : Seems a critical juncture now
13:01 Uttam : taken out
13:01 Uttam : 11050 coming
13:01 Uttam : vpoc
13:01 Porus : Close will be critical
13:02 RK : above 11025 its 11090 Porus
13:04 Porus : is this OTF?
13:04 MJ : This is not a flaunt post. 🙂 Just what I read from Auction + OF. 🙂 (12:35) MJ : 11011 half booking zone (11:36) MJ : 915 ke uupar baut majja.
13:05 Porus : anyone has access to research notes going out now?
13:07 Uttam : Mihir you did not trail that SL to 10935?
13:08 MJ : Stopped out 935. re entered above.
13:08 Uttam : so not from 915 to 11011 then
13:08 MJ : I am just sharing how you do.
13:09 RK : FM still talking?
13:09 Porus : no
13:09 RK : its over?
13:09 Porus : yes
13:09 Uttam : (13:04) MJ : This is not a flaunt post. 🙂 Just what I read from Auction + OF. 🙂 (12:35) MJ : 11011 half booking zone (11:36) MJ : 915 ke uupar baut majja.
13:09 RK : fine
13:09 Porus : reactions now
13:09 Uttam : you mentioned is not a flaunt post so was asking
13:10 RK : am wondering about volumes..lets see
13:10 Porus : FII reaction expected
13:10 Porus : also wondering if these are locals
13:10 Uttam : 102L already RK
13:10 RK : yes Uttam..still normal vol only
13:10 RK : for the day
13:10 MJ : Can we zoom in the 30 min?
13:11 Uttam : more than 2 hours to go though
13:11 RK : we easily do 150+ on trend days itself
13:11 Sandeep : 30 mins nf numbers missing ?
13:11 RK : yes 2 more hrs..lets see
13:11 Uttam : Friday also
13:11 MJ : VWAP >> Ibh.
13:11 MJ : Just like yesterday.
13:24 MJ : Uttam in days like these will you still hold 915 as extn handle for fut references?
13:25 MJ : Or price retraced completely so avoid?
13:36 Porus : event day, so need to be careful?
13:47 RK : BNF clean swipe VWAP
13:47 RK : didnt make new high with NF
13:48 RK : still only half the vol in BNF
13:48 RK : and if OTF is already in why VWAP swipe 🙂
13:49 RK : another 100 mins to go
13:49 Miyajan : just 2 pts short of your ref level RK,easy short
13:49 RK : yes
13:50 Uttam : greens in NF at vwap here
13:50 RK : had a very good temptation to short around 11010 then did my best to take out the itch and did fold hands today 🙂
13:50 Miyajan : wish i had not resolved to not trade today
13:51 RK : worst thing that can happen to a trader is spikes taking stops..dont want to have that today
13:55 Miyajan : true,was a test of self-control today
13:55 Uttam : BNF has a FA at lows today?
13:56 Uttam : vwap buyers of NF in trouble?
13:57 Uttam : BNF new lows RK +100
13:57 Boppanna : +1
13:57 Rushabh : sbin results
13:58 Boppanna : Not done looks like BNF
13:58 RK : When you have spike from b and getting budget which makes aam aadmi happy means what can you expect other than sell off 🙂
13:58 Miyajan : +1
13:59 Uttam : vwap buyers getting out?
14:00 RK : 27185 yday vwap
14:00 RK : going means expiry guys not supporting
14:01 Uttam : d) BNF has major support at 27150 and below it the next important support is at 27067-50
14:01 Miyajan : expiry led the foundation to today’s euphoria
14:02 TP : upstox gone , orders pending.
14:03 Boppanna : hmm the actual OF numbers would have been handy here
14:03 Uttam : many people getting trapped?
14:04 Subhodeep : seems a slow but sure grind down
14:05 Subhodeep : god help if 890does not hold
14:05 Subhodeep : uttam no s are missin gfrom the of charts
14:05 Uttam : mornign hvn at 10895 sp below that those buyers also getting out
14:05 Boppanna : Slow not really Subho …
14:05 Uttam : 10830 coming
14:05 RK : OTF in..vol spiking
14:06 Uttam : 4.8L COT red
14:06 Uttam : 30mins
14:06 Uttam : day COT -10L
14:06 Uttam : all those expiry longs geting out today looks like?
14:06 Uttam : taking sup at 10857
14:07 Uttam : Monday hgihs
14:08 Miyajan : RK you were looking for fun today and you are having it)
14:08 Subhodeep : uttam could you please see why theof nos are not reflecting?
14:08 Jitender : upstox jammed
14:08 Jitender : orders not going thru
14:09 RK : Miyajan fun level is different inside/outside ring..for a change outside today 🙂
14:09 Uttam : its because of the range Subho
14:09 Uttam : zooming in
14:09 Uttam : 30mins also zoom needed
14:09 RK : when you have WRB OF charts cant show nos..need frequent adjustment
14:09 Subhodeep : whats wrb?
14:10 RK : wide range bar
14:11 Uttam : probable FA in NF?
14:11 RK : when compared to prev budgets this year actually move seems smooth..straight up then straight down
14:12 Uttam : weak longs out so now pos longs geting in?
14:12 Rushabh : at lows uttam ?
14:12 Uttam : yes
14:13 Uttam : needs to get above 10918
14:13 ANAND BABU NATARAJAN : refresh charts
14:13 Uttam : BNF leaving a tail at lows?
14:14 Dr Prajwal : is the profile trying to form buying tail??
14:14 Uttam : 10918 & 27250 need to be scaled
14:15 Uttam : ext handle in BNF
14:26 Subhodeep : uttam lets see 830 na then we can look fo r11000 again
14:26 Subhodeep : 🙂
14:27 Subhodeep : bnifty ,might helo tshow 830 on the nifty
14:27 Subhodeep : help*
14:27 RK : PDL probe BNF
14:27 Uttam : 27050 sup
14:27 Uttam : else gone
14:28 Uttam : d) BNF has major support at 27150 and below it the next important support is at 27067-50
14:29 Subhodeep : 27050 probe on seems
14:29 Subhodeep : gone
14:29 Uttam : Neutral Extrme in both RK?
14:30 Uttam : green band in NF on 30mins
14:31 Jitender : BC upstox
14:31 Jitender : mkts in red
14:32 RK : on dot to PDL..kidding? 🙂
14:32 Jitender : told u guys yday watch fr ltcg thingie
14:32 Subhodeep : yes you did
14:32 Jitender : it didnt cum & look wat happened
14:32 Jitender : clean day
14:32 TP : hey jit your orders clear on upstox, what a mess .
14:32 Jitender : no Tej
14:32 Jitender : zerodha wrkn fine
14:33 Jitender : compensatn tere
14:33 Uttam : (14:05) Uttam : 10830 coming
14:33 TP : you mean orders still open on upstox ?
14:33 Jitender : no went off at diff price
14:33 TP : ok contra on upstox got it.
14:33 Uttam : RK BNf yesterdays low was a freak one which is why market tested that today?
14:34 Uttam : good vols in BNF here
14:34 Subhodeep : /why do these nos go away
14:34 Boppanna : +1 was a clean one 14:27 RK : PDL probe BNF
14:36 Uttam : @Subho cos we have a quick range expansion
14:36 Uttam : in a small time
14:36 RK : this is due (14:32) RK : on dot to PDL..kidding? 🙂
14:37 Miyajan : Uttam where did this week open?
14:37 Subhodeep : and how long does it take to get the nos back uttam ?
14:37 Uttam : it has to be zoomed manually
14:39 Rushabh : mad(14:36) RK : this is due (14:32) RK : on dot to PDL..kidding? 🙂
14:41 Jitender : shubho sasonline wrkn fine ?
14:41 Jitender : hez rite…tat has opened up (14:39) Rushabh : mad(14:36) RK : this is due (14:32) RK : on dot to PDL..kidding? 🙂
14:42 Jitender : Tej upstox blockn all orders now fr the day
14:42 TP : i have stopped eeven trying it , better to be safe .
14:42 Jitender : yh
14:43 TP : no orders open
14:43 TP : need to have another back up do give some ideas .
14:44 Subhodeep : can try sasonline
14:44 Jitender : sasonline..havent heard nythn bad abt it
14:44 Subhodeep : seems decent
14:44 Subhodeep : using it
14:44 Subhodeep : seems ok
14:44 Subhodeep : brkrg islow as well
14:44 TP : do they have unlimited plans.
14:44 Subhodeep : yes
14:44 Subhodeep : 1000 a month
14:44 Subhodeep : or 9rs a trade
14:45 RK : if you are happy with your broker then dont introduce it to others..when they become crowded they lose reliabilty 🙂 Zerodha and now Upstox..server and other issues due to load and xposure limits
14:45 Subhodeep : lol
14:45 Subhodeep : asked thats why replied
14:45 RK : just kidding
14:46 Jitender : Rk..wat abt he brillant person in the room 🙂
14:46 RK : no Uttam..poor form of trend on settlement day..so retrace fully on event (14:33) Uttam : RK BNf yesterdays low was a freak one which is why market tested that today?
14:46 Boppanna : RK down move done ?
14:46 Boppanna : BNF
14:47 Uttam : Fa coming in NF?
14:47 RK : Bop tough to call for intra..but this low will be probed if not today then sooner..
14:48 Boppanna : ok thx
14:48 Uttam : yes NF confirming FA at 10835
14:48 Uttam : BNF leaving tail for now at 27050-26950
14:49 Uttam : needs to get above 27250 tbhough
14:49 Rushabh : 1 atr at uttam?
14:49 Uttam : not sustaining Rushabh yet
14:50 RK : what is BN spot low yday?
14:50 Uttam : 26891
14:50 RK : fine
14:51 Miyajan : NF left anomalies yday RK
14:51 Uttam : BNF 27340 close if gets above 27250
14:51 Jitender : below 10830…wud be fun
14:52 Uttam : below 10830 NF confirms a FA at 10919 Jit
14:52 Jitender : +1
14:52 Uttam : in fact below 10861 itself
14:52 Jitender : long sl wud b tere
14:52 RK : straight 10750 (14:51) Jitender : below 10830…wud be fun
14:52 Jitender : k
14:53 RK : yes many (14:51) Miyajan : NF left anomalies yday RK
14:53 Miyajan : some below 750 too i guess
14:53 KK : one more attempt at 10918 and then back to 10860
14:53 RK : NF low is JAN PDH yday
14:53 RK : and BNF low is FEb PDL
14:53 RK : Sorry Jan poc
14:54 RK : JAN POC (14:53) RK : NF low is JAN PDH yday
14:55 RK : Upstox pending orders executing at CMP?
14:56 RK : if yes thats insane
14:58 TP : But the orders will have time stamp , can sue them 🙂
14:58 Miyajan : don’t worry,will be reversed
14:59 RK : timestamp will have execution time but what about placed time?
14:59 RK : reversed? thats possible?
14:59 Miyajan : they have done it before
14:59 Miyajan : how i dont know
14:59 TP : reversed i doubt .
15:01 Uttam : NF 10950 coming
15:01 RK : Jit dont get you! (14:46) Jitender : Rk..wat abt he brillant person in the room 🙂
15:03 Jitender : just j=kidding whether we shld share the brilliant person in the room ie u, with others 🙂
15:03 RK : oh got it 🙂
15:03 Jitender : was just kiddn
15:04 RK : I didnt get the context..
15:04 Jitender : u said abt not sharing brkr
15:04 RK : Hope Upstox issue managed at your end
15:04 RK : you and Tej many times have shared concern about them..better to switch quick?
15:04 RK : yeah yeah got it man..
15:05 Jitender : yh thinkn abt it
15:05 Jitender : zerodha a/c is joyous 2day’
15:05 RK : they are also having own desk like Zerodha?
15:05 Jitender : though wud have got 1 more dt in upstox
15:05 TP : RK i have my principal account in hdfcsec now , use upstox just for id trading.
15:05 TP : to save on brokerage.
15:05 Jitender : ys Rk..seems tey wud have started
15:05 RK : but your ID is large na Tej
15:06 TP : but capital is small 😉
15:06 Uttam : but Tej for you ID trading is important na
15:06 RK : Jit if they started own desk means then same issues like Zerodha would follow
15:06 Jitender : hmmm
15:06 RK : due to OI issues..blockage and all
15:06 TP : but i wouls definetly look for a new one.
15:06 Jitender : tey have done ahead of zerodha…n i guess r u using phising algo’s on price
15:06 Jitender : like HFTs
15:07 RK : ok
15:07 Jitender : tey r *
15:07 TP : yes jit i agree you try to place a big order they will move away the price .
15:08 RK : NF +0.5 BNF -0.5..whats the vredict from budget?
15:08 Jitender : jumla
15:08 Jitender : means rhetoric
15:08 Jitender : only issue is FII
15:08 Jitender : tey have loose purse strings now
15:09 Jitender : icici mite face a class action suit in USA
15:09 Jitender : tats y its dwn
15:10 RK : I will be happy if we fill Dec in Feb also
15:10 RK : NF
15:10 Jitender : itax 5lac limit not applicable on thoose earng more tan 5
15:10 TP : Shai did mention a big swing move below 365. icici.
15:11 Jitender : fisc maths doesnt add up
15:11 RK : tmw mkt will have clear move after reading fine prints
15:11 RK : imo clearly OTF not long in this auction
15:11 Himanshu : its not limit jit
15:11 RK : I mean majority of OTF
15:11 Himanshu : its a rebate of 12500 of tax
15:11 Gaurav : any case that 5 lac to 2.5 lac was 12500 benefit
15:12 Gaurav : yes, exactly
15:13 Gaurav : that small diff is still huge for those who earn near around 4-5 lacs
15:14 Jitender : bye guys..c u mon
15:19 RK : this is done today (12:34) RK : sustaining 11025 means smthing massive
15:19 Uttam : 180L & 41L vols
15:19 RK : this is dream now going forward (12:34) RK : Rushabh its free zone 11025-10750-10600..can travel
15:19 RK : NF NC and BNF closing below dVAL..inventory going short in BNF
15:19 Uttam : NEutral Extreme BNf RK?
15:20 Uttam : it will drag NF also along with it looks like?
15:20 RK : that tail in BNf not able to enter into dev value
15:20 RK : rej at dVAL
15:20 RK : seems so Uttam
15:21 RK : gap down below 10860 Monday is short in NF else test back to 10980 kind..
15:21 Uttam : hmmm yes RK 10860 if broken can short NF
15:22 RK : sm 40 point disbn at top in NF
15:22 RK : so maybe a test there
15:22 RK : that disbn came post +ve news
15:22 RK : so assuming sellers sitting ther in that 10980-11020 range
15:23 Uttam : day COT also -10L
15:24 TP : Uttam once Shai is back can you post the 30 min OF in this 40 point zone , missed 30 min today.
15:24 RK : BNf almost back to tail
15:25 Uttam : sure Tej
15:25 TP : tks
15:25 Uttam : we will also have the 5min one also
15:26 RK : vol not so great for the event
15:26 Uttam : yes RK todays Cot also may be that of the big buyers booking
15:26 Uttam : and stuck longs of today
15:26 Uttam : Monday may get good vols at open
15:28 Himanshu : shai is excellent response in TC
15:28 Himanshu : getting*
15:28 TP : We all know how much he loves MP !!
15:28 Himanshu : yeah
15:29 TP : Algo 10916
15:29 Uttam : thanks All 🙂 have a lovely weekend
15:29 TP : Bye All.
15:30 Subhodeep : byebyeb ad thanks have a wonder ful weekend
10:06 Boppanna : Anybody following infy ?
10:07 Uttam : will be following it from Monday Bops 🙂 all 10 stocks which are on index movers
10:10 Boppanna : ok 750-760 seems a levels for short with a good RR short if it fails here so wanted to check for levels
10:11 Uttam : let me see if I can pull up the profile charts
10:16 Uttam : seems like leaving a selling tail at top Infy
10:16 Uttam : can keep a SL of 761 for shorts
10:16 Uttam : till it stays below vwap looks can go to 744
10:17 Boppanna : ok thx Uttam
10:17 Boppanna : same view
10:20 Uttam : weak if closes below 744 for a trip to 725 may be
10:29 Subhodeep : bops id o rpositional wise ?
10:29 Subhodeep : infy?
10:30 Uttam : for now Id only Subho positional weak only closes below 744 and then 725
10:30 Boppanna : yes subho id
10:34 Subhodeep : lokks short obj cmp 755.5 in fut obj 753 and good fo r742 below 750 if 750 doesnot hold
10:34 Subhodeep : thats my view
10:34 Subhodeep : please dont pu tme to sword 🙂
10:45 Boppanna : ok Subho
12:17 Uttam : (10:16) Uttam : till it stays below vwap looks can go to 744…Done
12:18 Boppanna : +1
12:18 Uttam : book out shorts if in Bops & enter again only if closes below 744 on 30mins
12:20 Boppanna : out
12:35 Uttam : +1 nice trade
12:36 Uttam : Infy back to 755