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
09:01 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/400477557
09:57 Shai : (09:56) Shai : Long 12350 pe at 69- 70 sl of 59 for 94. Trade small size
10:02 Shai : (10:02) Shai : 12350 pe. cover some at 79-80
10:04 Shai : (10:04) Shai : SL at 78 if holding 12350 pe
11:27 Shai : (11:27) Shai : Intra – Buy 12350 pe again 96 sl of 85 tgt 112
12:26 Shai : (12:26) Shai : Make an exit in the PE at 92-93 cmp
13:06 Shai : (13:06) Shai : Buy 12300 pe again 74.5 sl of 65 tgt 94
08:58 Bhaskar : Gm
08:59 Ilyas : GM All:)
08:59 Rajesh : GM
08:59 Sumeet : Good morning !
09:00 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/400477557
09:01 Manoj : Gm
09:01 Uttam : Good Morning All 🙂
09:01 Chandrashekhar : GM all
09:02 Vishnu : hi all
09:02 Vishnu : gm
09:02 AmitN : Good Morning all
09:04 Rajan : Goo dmorning
09:05 Shai : Good Morning all
09:05 Ketan : good morn room !
09:06 Shai : A hearty welcome to all the new members joining the room today and I wish you the best
09:06 Pramathesh null : GM all
09:06 Shai : https://vtrender.com/market-profile-analysis-dated-17th-jan-2020/
09:07 Sumit : GM all
09:08 Tejpreet : GM All.
09:08 Tejpreet : Shai hope you had a fab season at Mumbai.
09:09 Uttam : It was an awesome session Tej & we had some super participation & interactions
09:09 Prajwal Shetty : gm
09:09 Vishnu : tej u have to be thre
09:09 Uttam : BankNifty will be on watch today…showing a 300point gap up in pre open
09:10 Tejpreet : Yes Shai can make MP sessions amazing.
09:10 Vishnu : hdcc
09:10 Vishnu : hdfc
09:10 Tejpreet : reliance and hdfc mkt movers today.
09:10 Ankit : goodmorning all
09:11 Ankit : Big gap up haan… we should watch a while in the beginning how that gap pans out?
09:11 Vishnu : ankit
09:11 Uttam : yep needs to see how the first 15min vols shape up & what they show is
09:11 Uttam : us*
09:11 Uttam : last time Shai had the workshop, we had a similar start to the new week 😉
09:12 Ankit : Hello Vishnu bro!!
09:12 Vishnu : yes
09:12 Ankit : ohh wow..thats a good omen hehe
09:12 Milind null : GM all
09:12 Nitesh : Good morning all.
09:12 Shai : :)\
09:12 Shai : 12380 support for the open
09:12 Shai : watch is it sustains above 12429
09:13 Shai : we are focussed very much at this open on the open
09:13 Ankit : copy
09:14 Uttam : OH start in both
09:14 Uttam : spot
09:15 Vishnu : zeros at top
09:15 Ankit : yesd
09:16 Uttam : both testing the yPOC
09:16 Shai : prem shrunk
09:17 Shai : 12400 ce has big support at 39
09:17 Tejpreet : 387 to 402 booked half rest sl at cost.
09:17 Tejpreet : 12380 in focus.
09:17 Shai : should do 62 again
09:18 Shai : +1 Tej
09:18 Uttam : some reds getting stuck here?
09:19 Tejpreet : tks chief.
09:19 Uttam : -61k COT so looks like some good booking plus some stuck reds
09:19 Uttam : 12415 that 1atr from FA of 12319 finally tagged
09:19 Vishnu : lets watch vol
09:19 Ankit : needs to take away those zeros
09:20 Shai : yes
09:20 Shai : And a better COT
09:20 Uttam : NF getting some greens in this bar
09:21 Azmath : ORR type open
09:21 Uttam : BNF grts wak below 31700
09:21 Uttam : weak*
09:22 Tejpreet : hdfc and rel spot both o=h
09:23 Uttam : big reds in BNF below 31700
09:23 Uttam : someones SL point looks like
09:23 Uttam : 10k &11k
09:24 Uttam : BNF testing that buying tail of Friday
09:24 Shai : Yes
09:24 Ankit : yes
09:28 Shai : still watching 12380
09:28 Uttam : +1
09:28 Shai : A 20 point short opens if that bvraks
09:28 Uttam : BNF needs to get above that 31700 else PLR down
09:28 Shai : BNF is the weaker of the 2
09:29 Ankit : party killers
09:29 Uttam : BNF high we can take as 31936 Shai? no vols abv it?
09:29 Ankit : volumes also average
09:30 Uttam : yes Ankit
09:30 Shai : if vol comes in this 5 min- it is a weak ORR
09:31 Shai : 12360
09:31 Uttam : boom boom down
09:31 Uttam : 80% rule in play
09:31 Uttam : 31567 low so far (09:21) Uttam : BNF grts wak below 31700
09:31 Govind : 31600pe from 212 to 261; day’s job done
09:32 Uttam : congrats Gov
09:32 Chandrashekhar : 83 K green in NF@12365
09:32 Tejpreet : super level Shai 380 🙂
09:32 Govind : Thanks UG
09:32 Chandrashekhar : Shorts covering?
09:32 Shai : did 25 – (09:28) Shai : still watching 12380(09:28) Shai : A 20 point short opens if that bvraks
09:32 Govind : zeroes in both at the bottom
09:33 Chandrashekhar : 1.3 lac cot in this candle
09:33 Uttam : 1.2L COT forming in this 5min bar in NF
09:33 Uttam : lets see how it closes
09:33 Chandrashekhar : +1 Uttam
09:33 Uttam : 0s at 12380
09:33 Shai : yes 12380 new supplu
09:33 Vishnu : ys uttsm
09:33 Uttam : big vols here
09:33 Prakash : COT is 130K
09:34 Uttam : 0s at lows also for now
09:34 Chandrashekhar : 12330 ref for NF on downside Shai/Uttam??
09:34 Shai : can test 12330
09:34 Uttam : (09:31) Uttam : 80% rule in play
09:36 Jitender : cvr shrts…if in
09:36 Uttam : 31680 ref now in BNF
09:36 Boppanna : +1 Jit
09:36 Uttam : matches friday’s low
09:37 Govind : NF taking support at the weekly POC Uttam?
09:37 Govind : or in that zone?
09:37 Uttam : yes that buyer seems to be defending
09:37 Govind : good COT too
09:37 Govind : +1
09:38 Uttam : 12380 needs to be taken out though
09:38 Uttam : 31680 in BNF
09:40 Shai : waiting …
09:40 Shai : buyers shoulkd have shown at open- are coming now
09:40 Shai : still 12380 a supply now
09:41 Shai : It’s a weak ORR steup today
09:41 Shai : vol is not fine
09:41 Vishnu : yes
09:42 Uttam : yes Shai need to see if the sellers end up doing a bad job
09:42 Ankit : yep
09:42 Pritesh : GM
09:45 Boppanna : A done
09:48 Govind : brelow pdl now, bnf
09:49 Jitender : 37k green
09:49 Govind : Yes, exited JIt; 31500PE from 212 to 239
09:50 Uttam : b) Staying below 31700, the auction could test 31658 / 31580-550 & 31507-480*
09:50 Uttam : b) Staying below 12380, the auction could test 12360 / 12339-333 & 12319
09:51 Uttam : 31507 was the 2atr objective from that FA of 32260
09:51 Uttam : 37k green in BNF at 31530
09:52 Uttam : 31550 new ref now there
09:53 Uttam : 80% Rule completed to the dot
09:53 Shai : 12350 pe for 94
09:54 Shai : 12358 new supply
09:54 Vishnu : shai bn 30 min of need adjustment
09:54 Shai : All that buying covering
09:56 Shai : Long 12350 pe at 69- 70 sl of 59 for 94. Trade small size
09:56 Chandrashekhar : 12400 CE OI is increasing since opwn – weekly exp, 28 L now
09:58 Shai : Trading for FA test
09:58 Ankit : ok
09:59 Govind : 12319 Shai?
09:59 Shai : yes
09:59 Govind : OK
10:00 Shai : missed a good short at 12380 – was very easy there
10:00 Shai : but market moved quick
10:01 Ankit : yea missed that one
10:01 Ankit : but this call was great
10:01 Chandrashekhar : 1.2 lac green again
10:01 Chandrashekhar : Short covering Shai??
10:01 Ankit : +1 shai
10:01 Vishnu : 1.2 l green
10:02 Shai : 12350 pe. covber some at 79-80
10:03 Ankit : covered! +1
10:03 Shai : 0’s
10:03 Vishnu : made 0.5dt
10:04 Shai : SL at 78 if holding 12350 pe
10:05 Shai : big guns are back at same place
10:05 Ankit : exactly
10:06 Ankit : i am looking for an upmove from here… lets see
10:06 Shai : FA visit – 2 points short
10:06 Vishnu : still that fa point strong seems shai
10:06 Shai : ORR against LLT – big guns at war
10:06 Shai : stay nimble
10:07 Vishnu : and have to look cots ita=s all above1.75 lakhs plus in a & b period. cautious on shorts
10:07 Shai : rules of ORR anyone?
10:08 Azmath : ORR Rules #orr -Strong directional conviction of open but less than open drive-Initial moment to check the other player out-Reverses after a check and does not go to that point again-Institution is trading-Dont do counter trade-Stay in with the same direction all day and next two
10:08 Shai : ++
10:09 Azmath : 9:20am told about it
10:09 Shai : 12357 our ref now
10:09 Shai : You did
10:09 Ankit : +1 azmath
10:09 Azmath : short from 400.. will trail
10:09 Shai : +1 Az
10:09 Uttam : check the low in BNF – b) Staying below 31700, the auction could test 31658 / 31580-550 & 31507-480*
10:09 Govind : Uttam Magic
10:09 Govind : +1
10:10 Uttam : NF missed by 2 points – b) Staying below 12380, the auction could test 12360 / 12339-333 & 12319
10:10 Ankit : _/\_ UG hypos
10:10 Uttam : _/\_ all MP levels
10:10 Prakash : UG it will come again
10:10 Tejpreet : Bops 480 last level mentioned by Uttam in hypos .
10:10 Uttam : weekly VPOC that 31480 was
10:10 Uttam : lol Tej that is just the first hypo
10:10 Tejpreet : yes
10:12 Boppanna : Yes Tej Uttam’s done his IB hypo like India’s batting yesterday
10:12 Tejpreet : lol
10:12 Ankit : 88 high on that 12350 PE
10:12 Ankit : great call shai
10:12 Uttam : oh what a super match it was 🙂 could catch up the last 15 or so overs at the airport
10:12 Vishnu : uttam low did 31+
10:12 Vishnu : 319.05
10:13 Uttam : both hypos to the dot 😉
10:13 Vishnu : fa invalid?
10:13 Bhaskar : uttam weekly hpos pending
10:13 Uttam : needs to stay below that FA Vishnu
10:13 Uttam : then can get a 1atr down
10:13 Uttam : yes Bhaskar will do it later today in the evening as was in Mumbai for the weekend
10:13 Shai : FA viisir done in NFD- IB done also
10:13 Uttam : 100 pointer
10:13 Bhaskar : ok thanks
10:14 Ankit : c side started
10:14 Uttam : and a 500 in BNF
10:14 Uttam : bif range week has started
10:14 Uttam : big*
10:14 Shai : if we get an extension we trade with the seller again- for now book shorts and wait
10:14 Uttam : C side 🙂
10:14 Shai : Avoid C
10:14 Ankit : yes
10:14 Ankit : can get whipped
10:15 Shai : came from 12380 – (09:30) Shai : if vol comes in this 5 min- it is a weak ORR
10:15 Shai : (09:33) Shai : yes 12380 new supplu(09:34) Shai : can test 12330
10:15 Shai : (09:41) Shai : It’s a weak ORR steup today(09:58) Shai : Trading for FA test
10:15 Uttam : yes Shai that 5min bar had big vols
10:15 Uttam : +1
10:16 Uttam : more then the opeming 5min vols in fact
10:16 Sachin : COT has all been super +ve, explain this pls shai
10:16 Uttam : 4.2L
10:16 Uttam : @Ankit remember our convo yesterday
10:16 Uttam : 4L vol on NF
10:16 Ankit : yes
10:17 Shai : old buyers in this zone still playing for the same
10:17 Ankit : hehe it all went as per the script
10:17 Shai : same as last week here – (10:16) Sachin : COT has all been super +ve, explain this pls shai
10:17 Sachin : oh ok, got it
10:17 Shai : but today we have ORR
10:17 Shai : if we get IB extension they would be upside down
10:18 Shai : if they are strong they have to take vwap out
10:18 Uttam : and give us a 2 or 3 IB 🙂
10:18 Ankit : hehe 😛
10:18 Sachin : so we watch for 12350?
10:18 Uttam : 12360
10:18 Uttam : weekly POC also there
10:18 Shai : we stay out
10:18 Shai : for now
10:18 Uttam : +1 Shai
10:18 Sachin : yes, cside saw that
10:19 Shai : (10:06) Shai : ORR against LLT – big guns at war
10:19 Shai : can always trade in a more conducive environ- what’s the hurry:)
10:21 Uttam : 12335 first ref here in NF PDL
10:22 Ankit : results dekh ke trade karne walon ke …kapde fatt gaye
10:22 Uttam : that 21k red of lows getting out at 12330 looks like?
10:23 Uttam : this was the sign to not go long at open – (09:14) Uttam : OH start in both(09:14) Uttam : spot
10:23 Uttam : Monday morning OH means entire week could be down
10:24 Ankit : ohh is tht
10:24 Ankit : damn
10:24 Uttam : that too Nifty is from an new all time high
10:24 Uttam : BN was already weak
10:24 Bhaskar : utaam bnf below 31480 will it be wak
10:25 Ankit : yeah makes sense
10:25 Uttam : yes Bhaskar but after C period 🙂
10:25 Bhaskar : ok
10:25 Uttam : Tej & Bops not letting that 480 break
10:27 Uttam : today IB ext calculation so easy in NF 😉
10:27 Ankit : 100
10:27 Ankit : hehe
10:28 Uttam : taking BNF IBH at 31936
10:28 Uttam : so nice IB range in that also 456
10:29 Vishnu : ib range 100 in nf uttam
10:29 Vishnu : ?
10:29 Boppanna : yes Vishnu
10:29 Vishnu : uttam 0 at top we can avoid for ib calculation ?
10:30 Uttam : yes Vishnu NF inspired by Rohit Sharma
10:31 Uttam : C side is here
10:31 Uttam : vols increasing
10:31 Ankit : yes
10:31 Vishnu : made 1 dt and dusted
10:32 Uttam : congrats Vishnu
10:32 Ankit : make 2 Dt and transfer 1 dt to me
10:32 Uttam : lol
10:32 Vishnu : ohh anktit
10:32 Ankit : hehe
10:32 Govind : Congrats Vishnu
10:32 Govind : and Ankit
10:32 Ankit : thx govind 🙂
10:32 Vishnu : uttam do we have to bel this doen in c side?
10:33 Uttam : 30k green in BNF
10:34 Chandrashekhar : 12280 coming in NF uttam?
10:34 Govind : If Kotak reports increase in slippages, there will be carnage tomorrow
10:34 Uttam : 12298-290 is a high vol zone
10:34 Vijay : 83k green in NF
10:35 Uttam : free fall in BNF
10:35 Uttam : on for the 2nd hypo
10:35 Ankit : 12290 imp to hold…. many weeks VAH here
10:36 Boppanna : Uttam in a hurry today looks like Tej…US markets closed today so he’s making it happen all here 🙂
10:37 Uttam : Nifty Spot has not tagged that FA of 12278 yet
10:40 Tejpreet : yes bops ….c still has 4 min.
10:40 Uttam : now it does 🙂 – (10:37) Uttam : Nifty Spot has not tagged that FA of 12278 yet
10:40 Vishnu : 1.5 dt
10:41 Uttam : what Vishnu like an meter in an auto every TPO you DT rising by 0.5% 😉
10:41 Uttam : congrats 🙂
10:41 Ankit : hehe congrats bro
10:41 Uttam : low to the dot 12290 – (10:34) Uttam : 12298-290 is a high vol zone
10:41 Uttam : vpoc it was
10:42 Vishnu : yes bro look at 12400 pe once that ibh crossed took and placed sell below 3sd. it gone above that
10:42 Vishnu : now taking some rest
10:42 Ankit : take rest for the day
10:42 Uttam : lol looks like you were physically dragging it up – (10:42) Vishnu : now taking some rest
10:43 Ankit : hahah
10:43 Vishnu : shaimeter running inside me . thanks to him only man
10:44 Ankit : D here
10:45 Vishnu : uttam c didnt mde any high compare to b. but it does the low.
10:48 Vishnu : uttam nf of 30 min need refresh
10:48 Boppanna : Vishnu PLR down its playing ORR now over to D now
10:48 Vishnu : thanks bops any view for further down
10:48 Uttam : 12330 to 12350 singles for now
10:48 Vishnu : ys
10:48 Uttam : immediate ref now that negated FA of 12319
10:49 Uttam : BNF 31480 ext handle as of now
10:51 Ankit : vwap coming?
10:53 Uttam : IBL needs to be taken out first
10:53 Ankit : yes.. almost touched and down
10:54 Boppanna : Ankit stick to ORR rules until something u see in OF changes the view IMO or if supply ref that Shai/Uttam has marked are taken out
10:55 Ankit : true.. thx Bopp!
10:56 Jitender : bnf abv 540..will be a sign
10:56 Jitender : sustaining
10:56 Jitender : tats a ST pivot now
10:56 Uttam : +1 Jit first ref 31480 above it 540
10:56 Jitender : +1
10:56 Uttam : vwap also around it now
10:57 Boppanna : Yes Tej doing his C ext to iBL looks like
10:57 Uttam : close below 12319 today opens up 12222 on downside
10:58 Uttam : 12234 is another vpoc in NF
11:00 Uttam : going up on low vols both so a RS around VWAP will be a nice fresh set up for short
11:03 Vishnu : bops any pf charts for ref
11:04 Boppanna : posted in random
11:07 Uttam : (10:48) Uttam : immediate ref now that negated FA of 12319(10:49) Uttam : BNF 31480 ext handle as of now
11:07 Uttam : NF high of 12319 & BNF 31478
11:07 Uttam : lets get the RE rolling guys 😉
11:07 Uttam : 7 mins for D to do it
11:07 Vishnu : towardsdown for 1 atr move
11:08 Nitesh : @Uttam – what is RE
11:08 Uttam : Range Extension
11:08 Nitesh : ok
11:08 Nitesh : ATR?
11:08 Uttam : Average True Range
11:09 Uttam : but RE is for a 2 IB move
11:09 Uttam : IB is Initial Balance
11:09 Nitesh : ok
11:09 Vishnu : ok ug is till 12219 range na?
11:10 Chandrashekhar : @ IB for NF is at 12222 Uttam?
11:10 Sanjib : when to we take the RE trade? After D breaches the C on downside in NF today?
11:10 Uttam : 12269 first objective (1.5 IB)
11:10 Vishnu : ok ug
11:10 Uttam : yes Sanjib
11:10 Sanjib : Thanx Uttam
11:10 Nitesh : What is D and C
11:10 Ankit : yes uttam
11:11 Uttam : TPOs Nitesh
11:11 Vishnu : nitesh have u gone through the library or class>
11:11 Nitesh : yes
11:11 Uttam : C is the TPOfrom 10:15 to 10:45
11:11 Nitesh : oh ok got it
11:13 Vishnu : ug 2ib level of nf at 219 ?
11:13 Uttam : yes
11:14 Sumeet : Uttam, any way I can expand the bnf order flow chart at the bottom ? I am losing some of the lower part of the chart
11:14 Pramathesh : UG, what if E breaks C & D lows instead of D breaking it? Will it still be RE and traget for 1.5IB/2IB?
11:15 Ankit : yes
11:18 Boppanna : Sumeet if 5 in charts lows are not visible check the 30min charts
11:19 Sumeet : Thank you Bopanna
11:20 Boppanna : Yes Pramatesh now if it goes beyond C in any tpo its an RE
11:21 Pramathesh : Thanks Ankit & Bops
11:22 Uttam : D not making lower low is a sign
11:22 Uttam : now if E does not make a lower low can expect a tag of vwap to come in both
11:24 Nitesh : in other words, this could mean a responsive buying?
11:25 Vishnu : that has to come nitesh
11:25 Nitesh : ok
11:27 Uttam : 12300 OI crossover happening
11:27 Shai : Intra – Buy 12350 pe again 96 sl of 85 tgt 112
11:28 Shai : 12322 ref line
11:28 Shai : Auction steady below FA point
11:28 Shai : with ORR as context
11:28 Shai : sellers in control
11:41 Jitender : can bounce
11:41 Jitender : if 480 is cleared
11:41 Rajiv : JIT both?
11:41 Jitender : yh
11:42 Rajiv : TY
11:43 Jitender : vix has galloped
11:45 Jitender : this will be a voltile next 10 days
11:45 Jitender : pls be careful of yr vols
11:45 Jitender : n risk management
11:45 Ankit : thx jit
11:45 Jitender : dont gamble
11:48 Jitender : on a larger tf…12300 /31400 spot if broken n sustained will invite liquidation
11:49 Uttam : E not making new lows so out of the PES for now
11:50 Vishnu : e doesnt make hh ug
11:50 Uttam : fresh short on fresh RE
11:51 Ankit : yes.. similar thing happened when we made low 12319
11:58 Uttam : fresh vols needed for a new move
12:08 Jitender : all tv gus gvng buys on friday must have had margin calls triggered by now
12:09 Jitender : had remarked tere tat all gvng buys
12:09 Jitender : here
12:09 Ankit : i am sure if we backtest this TV indicator… would give 80% hit ratio
12:09 Boppanna : +1 Jit around 31800
12:09 Uttam : Jit will vouch for 96%
12:10 Jitender : 🙂
12:10 Ankit : hehe
12:10 Jitender : depends upon who all u include in the universe of the data
12:10 Uttam : he does not leave that 69 😉
12:10 Jitender : u r not leaving it Uttam, i had forgotten abt it
12:10 Ankit : hehe
12:11 Jitender : Gentlemen of the Jury…conclusive evidence now for Uttam’s love for 69
12:11 Ankit : haha.. concluded 😛
12:11 Uttam : _/\_
12:11 Jitender : case closed 🙂
12:24 Uttam : looks like Bops will be hitting his hammer in H only
12:26 Shai : Make an exit in the PE at 92-93 cmp
12:26 Shai : one time frame stopped long time back
12:27 Shai : Auction is almost equal now though sellers slight edge below IBL
12:28 Ankit : okay shai
12:31 Ankit : even the volumes are less…so any order can give a spike here or there IMO.
12:31 Shai : yes one move expected for noon session
12:31 Ankit : copy
12:36 Uttam : Bops lifting his hammer 😉
12:37 Chandrashekhar : new low coming?
12:38 Boppanna : Uttam,Tej driving this since C ended he has give the green
12:38 Boppanna : *has to
12:39 Govind : BNF spot makes new lows
12:39 Tejpreet : bops am nil now …all in Uttams hand now.
12:40 Uttam : he is just making it go around in circles 😉 looks like he has short straddlesi n place cos of high vix
12:40 Uttam : ‘H’ perios hammer with Bops Tej 😉
12:40 Uttam : 4 mins to go
12:40 Vishnu : once again dusted in 12400 pe at IBh and out now.
12:40 Uttam : Nofty spot looksing to make new lows?
12:41 Uttam : 31330-300 imp zone in Spot for BN
12:41 Boppanna : 11k red the biggest in 5 min since a while
12:41 Boppanna : BNF
12:41 Uttam : weekly VPOC there I think
12:42 Uttam : fresh writing in 12300ce looks like
12:44 Uttam : H starts
12:44 Uttam : new lows in Nifty spot
12:44 Uttam : Bops ka hammer working
12:45 Shai : Aggressive 93 sl in 12350 pe tgt 108 cmp 97.4
12:45 Shai : 4 point sl for this pe
12:45 Tejpreet : H and bops 🙂
12:45 Boppanna : ok 26K green at bottom
12:47 Govind : 31400pe from 222.5 to 245
12:47 Boppanna : Nice Govind u rolling it nicely
12:47 Uttam : BNF tagging the 2nd tgt of hypo2 – d) Below 31480, lower levels of 31440-425 / 31370 & 31328 could be tagged
12:48 Govind : Yeah Bops, very good day 🙂 Thanks
12:48 Uttam : congo Gov
12:48 Govind : Thanks Uttam
12:48 Jitender : didnt even touch 480 (11:41) Jitender : can bounce(11:41) Jitender : if 480 is cleared
12:49 Jitender : congo Gov & all
12:49 Shai : 104 sl now 100
12:49 Vishnu : til now 2 dt done it need to take some rest as per jit . so now shifted to watch mode with 30 % holding with cost as sl
12:49 Govind : Thanks Jit
12:49 Uttam : 12300pe from 67 to 70.8 50% out
12:49 Govind : Congo UG
12:50 Tejpreet : congratulations to all pe wallahas 🙂
12:50 Vishnu : need a bad re now
12:51 Boppanna : 410 now on watch for me in BNF
12:53 Shai : pe move is done
12:56 Tejpreet : Jit Kotak numbers out ?
12:56 Boppanna : Shai 5min BNF refresh needed pls?
12:57 Govind : BNF just keeps giving today
12:57 Govind : Kotak numbers post market hours Tej
12:58 Tejpreet : tks Govind
12:58 Chandrashekhar : 12249 next ref for NF on downside Shai/Uttam?
12:59 Vishnu : shai daily cot aboe 4 lakh need to take cautious on shorts ?
12:59 Boppanna : out BNF short now post 1:30
12:59 Govind : Hypo D target 3 almost here in BNF, just 3 points
12:59 Govind : +1 Bops
13:00 Shai : 12294 immediate res
13:00 Shai : has the 0’s again
13:00 Shai : this 61K is SL inn NF so ignore that COT reading
13:02 Vishnu : ok boss]
13:06 Shai : Buy 12300 pe again 74.5 sl of 65 tgt 94
13:07 Shai : 12234 is destination trade
13:08 Uttam : 0s at 12290
13:08 Shai : only PE’s since open with ORR and move below FA as the theme
13:09 Uttam : straight 100 down once that 31330 broke – (12:41) Uttam : 31330-300 imp zone in Spot for BN
13:09 Uttam : the signs were there – (12:42) Uttam : fresh writing in 12300ce looks like
13:10 Chandrashekhar : +1 Uttam
13:10 Chandrashekhar : 12300 CE OI also rising now
13:10 Uttam : Bops was the man with the hammer I told you guys 🙂
13:11 Ankit : he is waiting for european markets for another hammer
13:11 Uttam : (12:24) Uttam : looks like Bops will be hitting his hammer in H only(12:36) Uttam : Bops lifting his hammer 😉
13:11 Uttam : Bops loves BNF and see what he did there in H
13:11 Uttam : boom boom
13:12 Shai : Book half of the PE at 86
13:12 Ankit : booked
13:12 Boppanna : +1 Shai
13:12 Vijay : done
13:12 Ketan : nice shai !
13:12 Shai : Hit 90
13:12 Uttam : could hit again
13:12 Tejpreet : +1 Shai
13:12 Lakshay : refresh please
13:13 Tejpreet : 2 89k in nf , refresh needed Shai
13:13 Jitender : 31.4pe 224-335
13:13 Vishnu : os here
13:13 Jitender : finally DT done
13:13 Ankit : Same here JIt
13:13 Ankit : 1.5 DT b jaake hua
13:13 Govind : congo jit
13:13 Uttam : big vols here again
13:13 Jitender : was up..ten went into -ve…now dt
13:14 Jitender : tx Gov
13:14 Jitender : congo Ankit
13:14 Ankit : same hehe
13:14 Vishnu : utttam 0 s na
13:14 Ankit : congrats JIT
13:14 Shai : refersh doine
13:14 Shai : 12282 new supply
13:14 Vishnu : full out in 12400 monthly at 173.
13:15 Uttam : BNF on for 31115
13:15 Ankit : Vishnu bhai…bas ab kya sab aaj hi kar loge hehe
13:15 Jitender : (11:48) Jitender : on a larger tf…12300 /31400 spot if broken n sustained will invite liquidation
13:16 Jitender : who wud have thought Hdfc wud fall on 33% nii growth
13:16 Jitender : 🙂
13:16 Vishnu : no today good day na . so make and love the event as per shai said. Ankit also i have reduced qty in each trade for safer side
13:16 Shai : (09:33) Shai : yes 12380 new supply- (09:54) Shai : 12358 new supply. (11:28) Shai : 12322 ref line (13:00) Shai : 12294 immediate res
13:16 Jitender : +100
13:16 Shai : down from 12380 to 12295
13:16 Shai : not once broken
13:16 Jitender : awesum
13:16 Shai : (13:14) Shai : 12282 new supply
13:17 Uttam : +100
13:17 Shai : sellers hold below 12282
13:17 Jitender : now along with Shai’s vacation…we have another indicator fr large moves…his worshops 🙂
13:17 Tejpreet : +1 jit
13:17 Ankit : +1
13:17 Jitender : Shai refreshed is deadly
13:17 Vishnu : +1 jit hahah
13:17 Uttam : yes last 2 times 2 big moves on Monday 🙂
13:18 Ketan : @uttam that was too good post workshops big moves
13:18 Uttam : 🙂
13:18 Vishnu : hi ketan
13:18 Chandrashekhar : Yeah..we had one after bangalore as well
13:18 Jitender : and as usual Eagle Eyes#69 spotted the post worshop phenomenon +1
13:19 Uttam : lol Jit whats htis new name
13:19 Ankit : lol
13:19 Ketan : lol
13:19 Boppanna : IMO Now if there is bounce just dont jump into shorts mark ur levels for entry and don’t chase my two cents
13:19 Jitender : oh..didnt notice..must have been instinctive
13:19 Jitender : 🙂
13:20 Jitender : Eagle Eyes…the great
13:20 Uttam : (09:23) Uttam : big reds in BNF below 31700(10:10) Uttam : lol Tej that is just the first hypo
13:21 Ketan : hey vishnu
13:21 Uttam : _/\_ Jit you were missed at Mumbai, i Tej and you were there it would have been even more fun
13:21 Jitender : (pssst…request Shai, the next time )
13:21 Uttam : lol
13:21 Jitender : we will b tere 🙂
13:21 Tejpreet : Would have loved to join the meet , maybe next time.
13:21 Uttam : +1 Tej
13:22 Uttam : lets have it in Pune next time 😉 Shai was all praise for that Independence Brewing Company
13:22 Tejpreet : Uttam that place is fab !!
13:23 Ankit : for me its the same to drive to santacruz or pune 😛
13:23 Vishnu : yes uttam want to see that
13:23 Govind : Uttam, what is the BNF IB range after your adjustment?
13:23 Uttam : lol Ankit so lets plan that
13:23 Uttam : 456 points & 1.5 IB is 31252
13:23 Uttam : done
13:24 Govind : Ok thanks
13:24 Govind : Yes
13:24 Ankit : hehe yes… 1.5IB done.. ab 2 IB laao pehle aap
13:24 Uttam : 12269 in NF was 1.5 IB
13:24 Uttam : dPOC shiting to 12306
13:24 Uttam : one test will be nice for the afternoon fall if any
13:25 Boppanna : BNF bouncing
13:25 Uttam : you covered Bops?
13:25 Boppanna : PB if it gets above 310
13:25 Tejpreet : that 89 k seller sweating at bottom 🙂
13:27 Uttam : 12290 prev VPOC holding for now
13:29 Jitender : US mkts r closed today…holiday
13:29 Shai : lol- (13:17) Jitender : now along with Shai’s vacation…we have another indicator fr large moves…his worshops 🙂
13:30 Uttam : so whens the next workshop Shai 😉
13:30 Sanjib : please hold it in Delhi
13:30 Govind : Goa please 🙂
13:31 Ankit : hehe goa would benice
13:31 Uttam : you have become a chronic absconder Gov!!!
13:31 Uttam : 2 times
13:31 Tejpreet : Uttam can you remove the lid at 290 NF for a while.
13:31 Govind : Yeah Uttam, pains of a joint family
13:31 Uttam : was expecting you in Mumbai after you could not make it to the Bangalore one
13:32 Uttam : lol – Jit has the remote – (13:31) Tejpreet : Uttam can you remove the lid at 290 NF for a while.
13:32 Shai : 12266 reviist
13:32 Govind : was really bummed out
13:32 Shai : sl 12294
13:32 Uttam : no probs, always the next time – (13:32) Govind : was really bummed out
13:32 Govind : kotak results out aTej
13:33 Tejpreet : tks , lets see bn impact
13:33 Uttam : oh so this latest fall was without the results?
13:34 Uttam : I thought the results caused this new move
13:34 Vishnu : new low coming in 12400 pe at 159
13:35 Vishnu : shai one doubt do we have to squareoff all before 2.45 or else can take some to next ?
13:37 MJ : Small bnf longs here worth it shai?
13:37 MJ : UG: Was so nice to see you in person. 🙂
13:38 Uttam : same here MJ 🙂
13:38 Tejpreet : Hey MJ so you finally met him +1
13:38 MJ : Yes TP.
13:38 Vishnu : mj hi
13:38 MJ : Missed you man.
13:38 Uttam : NF making a probable island reversal
13:38 MJ : Vishnu also nice to meet you.
13:38 Uttam : lets see how we close today
13:38 Vishnu : ug island reversal ?
13:39 Uttam : and if plays out well tgt for that is 12045
13:40 Vishnu : future?
13:40 Uttam : 12235 one level to watch in between
13:40 Uttam : yes
13:46 Shai : 12295- 12262 auction
13:46 Shai : bottom of that MB is the res
13:47 Shai : Also has 0’s there for extension
13:47 Shai : Anyything abv it will push back to 12314
13:47 Uttam : +1 Shai that is also the previous HVN in NF
13:47 Shai : yes
13:49 Shai : This is not a very convincing down move still
13:49 Shai : If we close at the lows today then it woukd mean a bounce tom with all these RB’s in place
13:50 Vishnu : ok shai
13:55 Shai : massive res in the 12300 pe at 90- 94- https://mplite.vtrender.com/?symbol=O_NIFTY12300PE20200123&tf=daily&tpo=0.5&isComposite=0&ivp=0&sp=1&startDate=&endDate=&nDays=8
13:55 Favas : stopLoss for bnf shorts?
13:55 Shai : That is a very diff tail to 114
13:56 Shai : Best is vwap FAVI on a day like today
13:56 Uttam : so better to book that PE around 90 Shai?
13:56 Favas : thnks
13:56 Uttam : remaining 50%?
13:57 Ankit : yes have 25% PE left
13:57 Shai : yes
13:57 Uttam : thanks Shai
13:58 Ankit : ok thx
13:58 Uttam : Bops any plan for ‘K’?
14:00 Boppanna : Uttam u have ur line at 328
14:00 Uttam : BNF bpunce coming?
14:01 Boppanna : possible
14:02 Uttam : 31390 & 31450 probable ref
14:03 Tejpreet : tks uttam for allowing 290 on nf .
14:03 Shai : exit thye bal PE
14:03 Uttam : done at cost Shai
14:04 Ankit : done
14:04 Ankit : Slight hit
14:04 Vishnu : fully exited
14:05 Vishnu : thantks last one went small 3 point sl
14:05 Uttam : NF for 12305 & then 12309
14:05 Vishnu : +1 shai
14:06 Ankit : yes..timely exit..thx shai
14:06 Rajiv : Shai is the COT here telling us something
14:07 Uttam : 31375 so far – (14:02) Uttam : 31390 & 31450 probable ref
14:07 Uttam : (14:00) Uttam : BNF bpunce coming?
14:08 Uttam : Bops please tell us – (13:58) Uttam : Bops any plan for ‘K’?
14:11 Sumeet : Uttam ; your targets were computed as per VWAP and POC of the day ?
14:12 Uttam : which targets Sumeet?
14:12 Sumeet : 31390 and 31450 as possible targets for the bounce ?
14:12 Boppanna : lol Uttam u are always the torch bearer with ur razor sharp hypos
14:13 Uttam : Bops taking out his K weapon now?
14:13 Uttam : you not going to leave BNF today right 🙂
14:13 Tejpreet : Looks like bops back after part booking his shorts from 330.
14:14 Uttam : K starts
14:14 Boppanna : no trades since 1
14:14 Boppanna : 1pm
14:14 Tejpreet : then who is moving bn 🙂
14:14 Uttam : see Bops makiing new lows in BNF
14:14 Govind : that was nice move Uttam 🙂
14:14 Boppanna : Uttam always did u see his pwerplay in IB Tej
14:15 Govind : 31200pe from 199 to 229
14:15 Uttam : super Gov 🙂 congrats
14:15 Tejpreet : +1 gov
14:15 Uttam : hatrtrick in BNF PEs I suppose?
14:15 Govind : thanks Yes Uttam, 31600 thru 200 🙂
14:15 Tejpreet : anyone traded ce today in the room ?
14:16 Uttam : yes booked the combo CE I had taken on Friday ;-p
14:16 Govind : Not me Tej
14:16 Ankit : nope
14:16 Uttam : 12400ce+12300pe weekly taken at 80 levels exited at 96 average
14:16 Tejpreet : +1 Uttam , i meant naked ce buying.
14:16 Vishnu : me exited call at 0 s seen and trail the pe
14:17 Uttam : monthly one 12350 still there in another account
14:17 Ketan : i did just once in 31500 call from 140 to 160
14:17 Boppanna : I did one at 380 on that 26k green in BNF but 410 was the level to cross so SAR
14:17 Uttam : wow Ketan nice one 🙂
14:17 Ketan : thks uttam
14:17 Uttam : Jit would have hit it both sides
14:17 Vishnu : cong ketan
14:17 Uttam : will be back in 15 mins
14:17 Ketan : thks vishnu
14:18 Govind : going to Bank Uttam
14:18 Vishnu : the rooms want all have grenn mtm along with proper live study
14:18 Govind : ?
14:18 Uttam : looks like Jit going to make new lows in NF?
14:18 Uttam : lol Bank is not a good word today Gov 😉 – (14:18) Govind : going to Bank Uttam
14:18 Govind : haha, so true
14:18 Rajiv : Just took 12300 CE now small qty for a trip to 300 with an SL
14:18 Tejpreet : i also did many ce just 1 sl but then just saw my entry in 126k pe at 220 in morning ….all i needed was to sit tight and have a better DT than current score.
14:19 Jitender : to be fair Tej…todays action was unanticipated
14:19 Uttam : +1 Tej first entry is the best on such days
14:19 Govind : small fight at 31240
14:19 Jitender : esp no bounce thingie
14:19 Uttam : if can hold part of it with SL at cost could ride the whole day
14:19 Tejpreet : Jit for me was kinda sure Rel and hdfcbank o=h .
14:20 Govind : I was dreaming of trading 12500 strikes today 🙂
14:20 Jitender : k
14:20 Tejpreet : had also mentioned in room.
14:20 Jitender : i posted a pattern in random channel on fryday….looks sweet now
14:20 Jitender : +1 tej
14:20 Tejpreet : yes ….right at resistance.
14:20 Govind : 11000 coming up Jit, going by your chart 🙂
14:21 Govind : depends on budget
14:21 Jitender : lets c
14:21 Jitender : we have the luxury of OF to guide
14:21 Govind : oh yeah
14:21 Boppanna : hmm Uttam’s f hypo still not done still and he rarely misses all his targets as long as 328 holds
14:22 Boppanna : BNF
14:23 Jitender : bnf 345-203 done
14:23 Jitender : 2x thru
14:24 Jitender : m back baby
14:24 Boppanna : +1 Jit
14:24 Tejpreet : +1 jit
14:24 Ankit : 12235 coming?
14:24 Jitender : tx guys
14:24 Ankit : +1 jit
14:24 Jitender : tx
14:24 Chandrashekhar : looks like..Shai had mentioned it earlier
14:25 Ankit : 0’s need to be out
14:25 Govind : wow!
14:25 Govind : what a day
14:25 Vishnu : it will ankit
14:25 Govind : so, 3dt means I shut off my system, Jit’s recommendation
14:26 Govind : So, I am done guys. See you all tomorrow. Congo to all in green mtm
14:26 Vishnu : dl broken
14:26 Vishnu : so will come
14:26 Vishnu : 234
14:27 Boppanna : Check what f hypo has done in low close last tgt..would trail or book out
14:27 Govind : To me, the plan was what Shai and Uttam had said on Friday; a move away from the 5 day value area and see what happened. rest is all noise
14:27 Boppanna : BNF
14:27 Govind : for NF this is
14:27 Jitender : fr me (11:48) Jitender : on a larger tf…12300 /31400 spot if broken n sustained will invite liquidation
14:29 Shai : 12400 ce is a short as per ORR strategy
14:34 Saumyaranjan : thanks Shai .. Today i used ur recoco & traded as per risk profile ur team sent , No pressure & booked 35% profit on capital deployer .. 20 point catch just without Fear..
14:34 Saumyaranjan : booked at 90 before sometime
14:35 Shai : Congrats
14:35 Shai : Go slow Go easy\
14:35 Shai : Always the best way
14:35 Shai : BNF one final lge down to 31100
14:35 Dhananajay null : any trade to do now
14:35 Saumyaranjan : i am so excited that i am thinking of using same strategy to identify stock breakouts ,
14:36 Shai : looking for a short below 12260 now for 12235 close
14:38 Shai : equivalenmt to that 92- 94 in the 12300 pe
14:38 Shai : which is diff so far
14:45 Vishnu : dusted almost 3 dt trading computer shuts off
14:46 Vishnu : only room open
14:46 Ankit : 2.4 dt
14:46 Shai : +1
14:46 Shai : Congrats
14:46 Chandrashekhar : Congrats Vishnu
14:46 Manoj : waht is dt
14:46 Shai : 12280 swipe sl 12256
14:46 Chandrashekhar : Thanks Shai for all the guidance..and cheers to VT room
14:46 Ankit : below 12290 i am confortable
14:46 Boppanna : Low exact Uttam’s f) hypo BNF
14:48 Vishnu : final sold in 12400 pe at 180. glad this day and gives me for this week comfort
14:48 Vishnu : ug any spike down?
14:49 Shai : COt went down
14:50 Shai : Avoid 12263 now – (14:46) Shai : 12280 swipe sl 12256
14:50 Shai : Intra – short NF below 12255 sl of 12265 tgt 12235. short below only*
14:51 Shai : 10 point sl for a quick 20
14:51 Vishnu : shai as per the daily cot above 5 lakh plus its not wise to carry the pe
14:51 Shai : don;t carry
14:51 Vishnu : good
14:52 Shai : but any boucne tomk to 12320 would be shorted
14:52 Uttam : Nifty Spot already does 201 points on frist day of the week
14:52 Uttam : last entire week was 110 points
14:52 Uttam : balance to imbalance
14:52 Jitender : tat was a timely tweet Uttam
14:53 Ankit : all imbalance in one day hehe
14:53 Uttam : yeh to shuru hua hai Ankit
14:54 Ankit : yes need to compensate for the last slow week
14:54 Uttam : but tom could be an inside day so dont expect trades & moves like today
14:54 Jitender : Shai…close expected ?
14:54 Jitender : at wat lvlv
14:55 Uttam : depends on your 3:05 bot Jit
14:55 Jitender : 🙂
14:55 Uttam : 12300 if no spike
14:55 Uttam : BNF 31300 will be a nice close
14:56 Jitender : hmmm…nt at lows?
14:56 Shai : shoumd be at lows but watching 12255-60- (14:54) Jitender : Shai…close expected ?
14:56 Uttam : thats wht I said depends on your 3:05 bot
14:56 Shai : keys is that 92- 94 in the PE
14:56 Jitender : tx Shai
14:56 Shai : 12300
14:56 Uttam : 94 high in that PE so far
14:56 Uttam : to the dot 🙂
14:57 Vishnu : shai can i take sl in 12300 combo weekly?
14:57 Vishnu : sell
14:58 Vishnu : can take premium eating at open na
14:58 Uttam : Jit warming up his bot 😉
14:58 Ankit : waiting for 3.05
14:59 Shai : why?\
14:59 Uttam : 12255 was a hvn in NF so first test gave a bounce
14:59 Shai : imbalanced today
14:59 Shai : we discusded
14:59 Vishnu : ok
14:59 Shai : let’s see what sellers do on a rise
14:59 Shai : we wait at 12320
15:00 Shai : expecting 12320 to 12255 again and a break below 12255 to bring 12090/ 12050
15:00 Uttam : +1 Shai
15:00 Uttam : New lows coming thanks to Jit
15:00 Uttam : and Shai
15:01 Ankit : 3dt
15:01 Tejpreet : looks like we waiting for 3.05 and jit does a 20 point move in nf 🙂
15:01 Uttam : PE above 94
15:01 Ankit : as jit says… i am stayig out now
15:01 Uttam : +1 Ankit
15:01 Jitender : cheers Ankit
15:02 Uttam : 12211 in spot imp ref and below that we get weaker
15:02 Uttam : 12225 low so far
15:02 Uttam : 12234 ka to tag karwa do Jit
15:02 Uttam : NF
15:02 Jitender : k
15:03 Jitender : 31140-31170 has an algo moppn up in bnf
15:03 Boppanna : Jit it saw the low made in Uttam’s hypo and DL
15:03 Uttam : only probelm for close at lows in that this move Jit started before 3:05 so could be a fake one
15:04 Uttam : lol – (15:03) Boppanna : Jit it saw the low made in Uttam’s hypo and DL
15:04 Jitender : 🙂
15:05 Uttam : from failed moves come fast moves – Shai’s fav quote once again playing out today so well
15:08 Ankit : perfect example today
15:11 Boppanna : Now Uttam u got to answer this man how did you know we would need only need f) hypos even before the day starts in BNF 🙂
15:11 Tejpreet : +1 we need the answers 😉
15:11 Jitender : BoP..i have the ans
15:11 Uttam : lol
15:12 Jitender : F is which digit if A=1
15:12 Uttam : I know where you coming to Jit
15:12 Ankit : lol 6
15:12 Boppanna : lol Jit
15:12 Uttam : ;-p
15:12 Jitender : love ya Uttam
15:13 Uttam : 🙂 love you too Jit ;-p
15:13 Tejpreet : what logic jit 🙂
15:13 Jitender : 🙂
15:13 Tejpreet : Shai will apply filter in chat room messages 🙂
15:14 Uttam : today no room chat in the blog 😉
15:14 Tejpreet : 🙂
15:15 Chandrashekhar : Thanks All..Bye now
15:16 Ankit : I would really liek to thank you Shai and uttam. yesterday’s workshop was not technical enhancement for me but just the psychological shift and moral boost i needed. these thinsg are intangible, but is more needed than skill set itself 🙂
15:16 Ankit : *like
15:17 Prakash : N Spot scaling new lows & NF stopped going low
15:17 Uttam : Spot wants to test that 12211
15:17 Uttam : looks like
15:17 Ketan : nice Ankit ! well said !
15:18 Uttam : _/\_ one for all & all for one, we have alweays been there for each ther at VT, right from the time I was new in here when all others helped me & still do so
15:18 Ankit : thanks ketan
15:19 Ankit : +100 uttam
15:19 Pramathesh : Thanks to all of the members for contribution
15:19 Ankit : i missed ” nto only technical enhancement”
15:19 Ankit : *not
15:20 Ankit : see you all tom
15:20 Ankit : 🙂
15:23 Shai : Cheers all
15:24 Shai : still budget week this
15:24 Ketan : thanks Shai / uttam and others !
15:24 Shai : will tread lightly
15:24 Shai : would recommend to all not to keep a hard bias but to go with the flow of the tape
15:25 Shai : Catch up tok @All
15:25 Shai : Hope everyone had a good day
15:25 Vijay : +1
15:25 Rajiv : Shorts closing here Shai
15:25 Vishnu : +1 boss
15:25 Shai : yes Rajiv
15:25 Shai : dpoc lower
15:25 Shai : gear shifting
15:26 Shai : we will know tom
15:27 Shai : if opens abv 12255 tom we will play for a quick move to 12320
15:27 Uttam : yes DPOC at lows in both
15:28 Shai : That 12300 pe can drop to 66 sl of 98
15:29 Tejpreet : Bye All.
15:29 Shai : https://mplite.vtrender.com/?symbol=O_NIFTY12300PE20200123&tf=daily&tpo=0.5&isComposite=0&ivp=0&sp=1&startDate=&endDate=&nDays=8
15:29 Uttam : lets see how that OI shapes up in 12300pe tom
15:29 Shai : Bye all
15:29 Vishnu : bye all
15:29 Uttam : thanks All 🙂 have a lovely evening
15:29 Shai : have a good evening
15:30 Rajesh : Thanks much. Bye.