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.
NF
BNF
Room Chat
08:41 Vtrender Live : 5 min charts enhanced – https://join.me/749-701-902
08:43 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/378117357
08:51 Rajan : Good morning
08:54 Santhosh null : GM all
08:55 Shai : Gm all
08:55 Krishan : gm all
08:56 Kunal null : gm all
08:56 Kushal : gm all
08:58 Chandrashekhar : GM all
09:00 Suresh : GM All
09:00 Rohan : GM All
09:01 Amit N : Good morning all
09:01 Upendra : good morning all
09:02 Chintan : GM all
09:02 Gopi : GM all
09:02 Nagaraj : Good morning all
09:05 Shai : 9048 F ref line for the open
09:05 Shai : 9010 in spot
09:05 Shai : 9170 could resist any upmoves
09:06 Shai : 9010- 9048 is a zone which has seen some late bulls past 2 weeks. wait for OF to show big shorts here before adding new shorts
09:06 Shai : Congarts to all who held shorts yesterday. Would have been better if we had not gapped down as 9010 would still have come
09:07 Shai : lost opportunity 🙁
09:07 Kunal null : hi has the room chat started
09:08 Sanjib : I have a BNF 20500/20200 Bear Put Spread taken near close yesterday
09:08 Rajesh : kunal – if you logged in from mobile, you will not see old chat
09:08 Himanshu : GM all
09:08 Tejpreet : GM All.
09:09 Santhosh null : join me link?
09:09 Rajesh : Shai – good morning. What yousee the potential downside if we break 9000 today..
09:10 Kunal null : has the chat started
09:10 Rajesh : yes kunal.
09:13 Chetas : dont understand -ve prices
09:13 Kunal null : is the chat on
09:13 Chetas : can anyone explain, what would have happened if i buy at -37$ oil yesterdaty/
09:13 Chetas : ?
09:14 Kunal null : hi
09:14 Yash : Chetas, U get delivery at storage house which wasn’t actually possible, I guess! In simple words, out of storage capacity!
09:14 Seshadri : sorry can some one mesage full form of OF
09:15 Sandesh : 2
09:16 Sandesh : 9400 Per, 295-450(CF
09:16 Suhas : booked 3 DT ..was short 9200ce with protection
09:17 Diipesh : booked 9300 pe 180-316
09:17 Prateeek : 9300 PE from 180 to 305 done. 0.8 DT done. Thanks shai
09:17 Diipesh : thanks shai
09:17 Vijay : booked 2 DT
09:17 Ankit : congo all
09:17 Ankit : +1000 shai
09:18 Bhavani : Seshadri, OF is order flow
09:18 Shai : Expecting an open auction here
09:18 Shai : don’t rush into new trades
09:18 Chintan : ok shai
09:18 Suhas : +1
09:18 Chintan : +1
09:19 Shai : icici low 341
09:20 Boppanna : Shai 19500 calling BNF?
09:21 Vishnu : booked dt from overnight posiion and out
09:21 Jitender : (14:50) Jitender : all MP guys…n those in room…wats the take away from today’s action(14:51) Uttam : and very good candidate for island reversal(14:51) Jitender : ezzactly(14:52) Jitender : today’s high imp and take note…any drive from today’s POC will be dhamaka
09:21 Jitender : howz the josh ?
09:21 Boppanna : Congts all overnight holders
09:21 Prateeek : very high jit
09:22 Jitender : 4.38x thru
09:22 Govind : Josh is good Jit!! 2.5 DT done
09:22 Vishnu : +100 jit
09:22 Govind : Congrats to all!!
09:22 Vishnu : chief thanks
09:22 Kunal null : what is 2.5 dt
09:22 Jitender : experience counts 🙂
09:22 Yash : shai, below 9010?
09:22 Suhas : +1 Jit
09:23 Suhas : gr8 commentry yesterday
09:23 Amit N : Congrats all
09:23 Boppanna : +1 Jit
09:23 Shai : was a clean sell yesterday. There was not one trade I took as a long yesterday
09:24 Shai : 8980- 9070 range off open
09:24 Sandesh : +111 shai
09:24 Seshadri : +100 SHAI
09:25 Ankit : precision at its best shai
09:25 Boppanna : ok 800-650 first trade part out
09:25 Suhas : right Shai…the move what we expected yesterday came overnight
09:25 Jitender : +1
09:25 Ankit : yes, jit… day is done. amazing observation yesterday. thansk for highlighting +100
09:25 Jitender : congratts all nn tx
09:25 Sandesh : 9400 pe 295-450
09:26 Sandesh : 20K ce 1030-335
09:26 Sandesh : May 9K pe 350-444
09:26 Kushal : thnx Jit for the heads up 🙂
09:26 Kushal : congrats all
09:26 Sandesh : @shai
09:27 Kunal null : hi shai – my observations – weekly open above value area and now enters vah meaning that 80 rule applies
09:27 Vishnu : +1 sandesh
09:27 Sandesh : thx Vishnu
09:27 Boppanna : we broke out 19950 and opened below today so destination for the short was that POC of last week around 19500 as long as we are below 19950
09:27 Kunal null : sell at weekly vah with target at val
09:28 Govind : Zerodha a tad slow in processing orders, fyi
09:28 Suhas : yes goving trouble for limit orders
09:28 Govind : Vix at 45.88, up 5.5%
09:28 Amit Jain : working okish for me govind
09:29 Govind : I saw a lag guys, so be careful
09:30 Chetas : shai, negative rates can happen only in commodities? that is due to delivery/ storage issue correct
09:30 Chetas : can a Nifty future, go negative. Not possible correct/
09:30 Chetas : ?
09:30 Amit Jain : yes thanks gov
09:31 Seshadri : Thanks bhavani
09:32 Uttam : Good Morning All 🙂
09:33 Chintan : gm ug
09:33 Govind : GM Uttam
09:33 Prateeek : morning ug 🙂
09:33 Shai : Congrats all. Good to see all on the right side . Really commendable
09:33 Himanshu : had no short overnight except 2 lot in 22K CE 115- covered at 24
09:33 Vishnu : chetas go negaive means some days we are in discount some in premium. negaive means ?
09:34 Shai : Let’s get to thge market at hand now
09:34 Shai : what kind of open is this?
09:34 Vijay : +100 Shai
09:34 Bhavani : OAOR
09:34 Himanshu : OAOR
09:34 Amit N : OAOR
09:34 Chetas : oAOR
09:34 Shai : +1
09:34 Boppanna : full marks
09:34 Shai : Trade accordingly\
09:34 Himanshu : good one pls quizz us in between
09:34 Kushal : +1 Shai
09:34 Kunal null : OAOR
09:34 Himanshu : on few critical points
09:34 Kushal : yes H
09:35 Himanshu : Chief in OAOR
09:35 Kunal null : hi shai.. can you suggest or provide feedback on my weekly observation
09:35 Himanshu : we shall fade extreemes
09:36 Shai : we already at weekly POC @Kunal
09:36 Uttam : 80% rule works on all timeframes provided we have a balance – (09:27) Kunal null: hi shai – my observations – weekly open above value area and now enters vah meaning that 80 rule applies
09:36 Vijay : OAOR also says save emotional capital so will follow the rule
09:37 Uttam : we have overlapping weekly POC here so can expect some consolidation
09:37 Uttam : spot 8990 needs to be taken out effectively for next leg down
09:38 Ashwath : +1
09:39 Boppanna : Trailing at 720 BNF..will exit if B fails to take out A low in the first 5 min
09:39 Ankit : thx uttam
09:42 Boppanna : out
09:44 Suhas : there was C side in SPX yesterday…watching B will be interesting here
09:46 Suhas : no it wasnt…it ws set 60 min tf by mistake’
09:46 Uttam : we had a Neutral Extreme there na Suhas?
09:47 Suhas : yah Uttam my wrong
09:51 Shai : widish range for the OAOR- (09:24) Shai : 8980- 9070 range off open
09:51 Shai : can trade in between
09:51 Shai : B in
09:53 Boppanna : BNF moving in Uttam’s d) hypo 588 low so far d) Below 19950, lower levels of 19875-830 / 19755-710 / 19555 / 19460 & 19399-375 could come into play
09:54 Shai : 9000 ce pe at 266 can drop to 236/ 22`1 sl of 287
09:55 Uttam : 19755 ref in BNF on upside
09:57 Ankit : @shai the vpoc and vwap arent visible on 30 mins.
09:57 Ankit : if you could please have a look.
09:58 Shai : have been added to 30 min room chart
09:58 Ankit : yes.. goto i meant
09:58 Ankit : thanks
10:00 Uttam : 19875 coming in BNF?
10:00 Sagar : 27 at top
10:00 Uttam : needs to sustain above 19755
10:00 Uttam : yes BNF also has 13k green
10:00 Uttam : Jits entry 🙂
10:02 Suhas : 🙂
10:02 Rajiv Ohri : HA HA UG but JIT would never at the top of a candle, even in 5 minutes
10:03 Boppanna : @Rajiv Uttam meant Jit would have trapped that 13k fella on any other day
10:04 Boppanna : But today with 4.4X he smoking his peace pipe for better entries 🙂
10:06 Uttam : BNF made hgihs of 19766 and 90 down from there thanks to that 13k green – (09:55) Uttam : 19755 ref in BNF on upside
10:07 Boppanna : +1
10:07 Uttam : both getting ready for a C side?
10:07 Uttam : seadise bole to Goa 🙂
10:07 Uttam : sea-side*
10:08 Vijay : waiting for Vishnu
10:08 Ketan : ha ha uttam
10:08 Jitender : watchn with just pos open 🙂 (09:22) Jitender : 4.38x thru
10:09 Jitender : one pos
10:09 VaibhavG : chart stuck
10:09 Uttam : charts fine
10:09 VaibhavG : ok will reload
10:10 Ankit : all 3 stuck
10:10 VaibhavG : mine still stuck
10:10 Kushal : yes stuck
10:10 Uttam : yes now not moving
10:10 Uttam : Pune under curfew so looks like affecting charts too
10:10 Vijay : Lol
10:11 Ankit : hehe
10:12 Suhas : :))
10:13 Kunal null : chart not visible
10:13 Uttam : NF giving the smallest IB range since Trump visited India 😉
10:14 Jitender : yday was nr23…so on tat count…expansion happened
10:14 Uttam : aaj ka range bhi to do bade bhai, lets get a 3 IB ;-p
10:14 Jitender : amen
10:15 Jitender : fucker on tv saying buy in cash…dbl money buy in nxt 100 fall…n so on
10:16 Ankit : nxt 100 only?
10:16 Jitender : yh..dbl on every 100 bps nf fall
10:17 Ankit : lol
10:17 Ankit : thats wht i confirmed, if one zero is missed
10:17 Sagar : can someone repost tbhe messagea bout 9000 CE PE
10:18 Jitender : he wii out of job na..on every 1000…so hez ensuring lot off ppl go bankrupt with him
10:18 Ankit : he he
10:18 Ankit : conflict of interest everywhere
10:18 Bhavani : which TV jit.., CNBC-18
10:19 Jitender : nope man..i keep on flippn..tis one on zee
10:19 Prateeek : @ sagar 9000 ce pe at 266 can drop to 236/221 sl of 287 – this was shai messahe
10:19 Prateeek : message*
10:20 Sanjiv : sell 9000CE at 266? thx
10:20 Uttam : combo
10:20 Govind : Pharma index is rocking
10:20 Prateeek : 9000 ce pe both
10:21 Uttam : 900ce and pe
10:21 Sanjiv : ohh ok
10:24 Seshadri : 2 IB in a row
10:24 Uttam : very low vols
10:24 Shai : And low COt
10:24 Uttam : typical OAOR
10:24 Shai : can ignore for now
10:25 Ankit : terminal got logged out because of being idle
10:25 Uttam : yes Shai was abt to say that 🙂
10:25 Uttam : lol – (10:25) Ankit : terminal got logged out because of being idle
10:25 Ankit : 😛
10:26 VaibhavG : stuck charts
10:27 Shai : charts fine
10:27 Uttam : yes working fine
10:27 Shai : 70 mins later – (09:18) Shai : Expecting an open auction here(09:18) Shai : don’t rush into new trades
10:27 Uttam : 🙂 +100
10:28 Shai : Thyat’s the edge of knowing the Market Profile
10:28 Amit N : +100 Shai
10:28 Ankit : bang on
10:28 Prateeek : +100
10:29 Vishnu : 76.8 ibr . lowest from march starting
10:30 Uttam : from feb 26th Vishnu
10:30 Ketan : +1 shai
10:30 Uttam : when Trump was here
10:30 Vishnu : yes ug
10:30 Uttam : and we guys met in Delhi for the workshop 🙂
10:30 Vishnu : yaaa
10:31 Uttam : BNF making that C side
10:31 Govind : BNF ready for a move here?
10:31 Govind : 🙂
10:31 Uttam : wants to go to Goa
10:31 Ankit : @uttam under similar scenario.. the combo would fall faster on a wednesday or thursday for weekly expiry ?
10:32 Jitender : closed BoPs at 580..nw flat
10:33 Ankit : _/\_
10:33 Jitender : it was C so…
10:36 Suhas : is the chart fine guys
10:36 Ankit : yes suhas
10:36 Ankit : A little lag.. but fine
10:37 Uttam : yes Ankit – (10:31) Ankit : @uttam under similar scenario.. the combo would fall faster on a wednesday or thursday for weekly expiry ?
10:37 Uttam : post 12 on wednesday I guess decay is more
10:37 Suhas : room chart not visible join me is fine
10:38 Himanshu : UG PLR is down – though low volume right – gap is not filled in first hour so will
10:38 Ankit : thanks
10:38 Govind : Refresh or log out and log back in Suhas
10:38 Himanshu : chart is wrking but our eyes are used to see 50 pointer in 5 mt
10:39 Ankit : +1 H
10:39 Uttam : 19555 here in BNF
10:40 Uttam : on for next level now
10:40 Vishnu : vpoc of last week 9039.15 & prior to last week 9014.6 imp ref
10:41 Shai : +1
10:41 Vishnu : +1 shai
10:41 Uttam : (09:37) Uttam : we have overlapping weekly POC here so can expect some consolidation(09:37) Uttam : spot 8990 needs to be taken out effectively for next leg down
10:44 Uttam : Vix made a freak low at open today?
10:44 Boppanna : Congts Jit
10:44 Uttam : Vix ready to move back hgiher Shai?
10:44 Vishnu : look at 30 min poc 9020-9030 sticking like glue
10:44 Jitender : tx BoPs
10:45 Boppanna : I stayed away from the screen in C didn’t want to get into any trades 🙂
10:45 Uttam : you dont want Goa Bops 😉
10:45 Boppanna : lol
10:46 Uttam : 16k green in BNF
10:46 Uttam : anove now trifecta
10:47 Uttam : another 30k green in 10:30 bar at lows too
10:47 Jitender : 552-630 1/2 thru
10:47 Uttam : ahhh those green were Jit 🙂
10:47 Vijay : lol
10:47 Jitender : post tem…nf had same with red trapped
10:48 Uttam : BNF looking good for more upside here
10:48 Suhas : charts fine now
10:48 Jitender : in C…so setup tere
10:48 Boppanna : Prabhu Jit is a man or a machine I have my doubts 😉
10:48 Uttam : NF also getting some greens now
10:48 Uttam : 59k red in wrong place in NF
10:48 Uttam : getting out looks like at 9036
10:48 Jitender : need m/c now BoPs…grown old…so
10:49 Uttam : old is GOLD
10:49 Uttam : no wonder Vishnu loves you so much Jit 😉
10:49 Jitender : but nt tat agile nw
10:49 Jitender : all out 660
10:49 Uttam : congo super trade
10:49 Kushal : 590-660
10:49 Boppanna : NF didn’t make a new low in C false hope?
10:49 Kushal : +1 Jit
10:49 Vijay : Congo Jit
10:50 Jitender : his true love is fr u UG….mine is just work related 🙂
10:50 Uttam : his true love is only for hit multiple DTs ./ Gold & Fish ;0
10:50 Uttam : and yes scotch too
10:50 Jitender : tx gents
10:50 Jitender : u forgot wife…or tats inside info ?
10:51 Uttam : lol
10:51 Vijay : haha
10:51 Uttam : he was planning to get a gold contianer built to store crude ;-p
10:52 Uttam : that way he can own 2 assets
10:53 Amit N : 🙂
10:53 Saheer : 🙂
10:54 Govind : Congrats Jit
10:55 Jitender : tx
10:59 Kunal null : shai..I have account with Kotak securities. the charge is. dry high . almost 6 bucks for future trade and 4 bucks for options
10:59 Kunal null : any one has account with them
11:01 Saheer : For a regular broker thats good. my ICICI Ditrect charges 2 per lot and for 2 legs it will be 40 per lot for future
11:02 Saheer : 20 per lot
11:02 Saheer : sorry for options
11:02 Saheer : futures much higher
11:04 Shai : For brokerage, we have a flat plan with Kotak. A one time up front annual adn zero for intra day.
11:04 Shai : Once the lockdown is done, they will process new accounts
11:05 Shai : just remind me to send the details of the plan for Vtrender members. you can connect direct with them and get the paper work sorted
11:06 Prateeek : I am an upstox user and would like to move to kotak. shai if you could ask vtrender team to share an email or something so that we can approach kotak with those details
11:07 Shai : will do it post lockdown
11:07 Uttam : @Prateek we have a contact at Kotak who can help you out so once the lock down is over you can ping me & I will share the details
11:07 Shai : No one is working there now 🙂
11:07 Uttam : 🙂
11:07 Prateeek : For sure, Ug i will contact you. thank you so much
11:07 Prateeek : in due course
11:07 Santhosh null : +1
11:07 Uttam : 🙂 +1
11:08 Chintan : +1
11:08 Shai : My view is park your money with a reputed brokerage
11:08 Chintan : I will contact you as well
11:08 Shai : you never know in these times who will just go bottoms up
11:08 Chintan : i need to change broker
11:08 Bhavani : UG, Are you using keat ., how is the trading platform ..?
11:09 Shai : even if it means an extra few hundred rupees at least you can sleep well knowing that the brokerage is sound
11:09 Shai : 🙂
11:09 Uttam : I just use the mobile one Bhavani or at most the browser as Kotak account is just for intraday options where I do only 2-3 trades in a day
11:09 Uttam : I use NEST for my other account at way2wealth
11:09 Bhavani : OK Uttam..
11:09 Santhosh null : I wndr y people staying in Sharpe’s
11:10 Santhosh null : series
11:10 Santhosh null : zeroda
11:11 Shai : zerodha is debt free , so they are not a worry and they comes acrsss as sound
11:11 Shai : You know Sandesh here lost Crores trading with a shady brokerage last year
11:11 Shai : just saying- go with the right guys
11:11 Kushal : Shai BNF ref lines for today please
11:12 Jitender : and tat brkr was his friend..to top it all
11:12 Santhosh null : s reputed Cathy
11:12 Santhosh null : Cathy
11:12 Santhosh null : carvy
11:13 Jitender : karvy Santosh
11:13 Jitender : not Cathy….
11:13 Himanshu : HOw abt MOSL
11:13 Santhosh null : s.tnx
11:13 Himanshu : motilal – any opinion on this
11:13 Himanshu : i have udirect andmosl
11:13 Shai : They are good
11:13 Himanshu : 13 Rs per lot in option onse side
11:13 Jitender : my father’s shares are still stuck with karvy..tey fraudently transferred and have taken a loan with icici againgst tem
11:14 Shai : 🙁
11:14 Santhosh null : 4 me stock holding good
11:15 Himanshu : UG bng wants to to goa
11:15 Uttam : who does not want to Goa Himanshu 🙂
11:16 Chetas : i was in Goa in March, it was heavenly to hand out in beach and drive the bike
11:16 Santhosh null : u must keep covid free certificate 4 Goa
11:16 Chetas : came back to trading , the Modi aagaya achanak
11:16 Uttam : NF getting ready for a RE?
11:17 Uttam : IS forming on good COT
11:17 Uttam : lets see how this bar closes
11:17 Himanshu : ug – Lol – haha
11:17 Himanshu : Nifty and Bahen Nifty
11:17 Uttam : aur hum sab baraati
11:17 Himanshu : I Jokingly tell my wifey – Bahen Nifty
11:18 Uttam : and she didnt ask the reason?
11:18 Jitender : u will loose yr sleep the day she starts calln u bhai….H
11:19 Jitender : dont take panga tere 🙂
11:19 Shai : BNf shoukd drop to 19300
11:19 Uttam : 19399 is that HVN & 19260 is a VPOC
11:19 Shai : yes
11:20 Uttam : 19296 2 IB for today
11:21 Uttam : 9000pe OI still at 14L
11:21 Uttam : needs to start falling
11:21 Sanjib : 9000 straddle has hardly fallen
11:21 Uttam : slight increase in 9000ce OI happenign now
11:22 Uttam : VIX is up today Sanjib
11:22 Sanjib : Yes, agree
11:23 Himanshu : UG – not her
11:23 Himanshu : when she asked me what am i trading
11:23 Himanshu : i tell her bahen nifty
11:23 Himanshu : so she is saying i alwasys hd eye on my sis on law
11:24 Himanshu : 9000 PE are not winding up yet
11:24 Uttam : lol
11:24 Himanshu : now a days she reads some fin news –
11:24 Himanshu : and moment she sees some stiockes went up
11:24 Himanshu : i get query did i buy them today or not and wht not
11:25 Himanshu : dont i kno wthat i could have mde monety
11:25 Himanshu : instead of trading Bahen nifty and Nifty alone
11:25 Himanshu : how do i explain
11:25 Ankit : lol
11:25 Uttam : _/\_
11:26 Tejpreet : Uttam time for DD?
11:26 Uttam : yes le aao Tej
11:26 Ankit : she must be like… i wonder if he knows anything 😛
11:26 Ankit : yes tej.. pls
11:26 Himanshu : i m seriously thinking of moving out from home to rent office in complex ouitside my colony
11:26 Himanshu : is 9 L
11:26 Uttam : DD nahi to bhi 3 IB to de dena please
11:26 Suhas : ibl coming?
11:26 Himanshu : decent building
11:26 Tejpreet : 1st DD then 3ib automatic
11:27 Ankit : good idea.. mulund should be reasonable hopefully 🙂
11:28 Himanshu : am in baroda
11:28 Ankit : ohh my bad
11:28 Ankit : even more reasonable 🙂
11:28 Uttam : helicopter lekar chale jaana Mumbai
11:28 Himanshu : hah
11:28 Himanshu : amen –
11:28 Himanshu : in this lock won period like Demon days
11:28 Uttam : Jit ke paas yatch hai and Jet abhi deliver nahi hua else he would have helped
11:28 Himanshu : wifes have become smarter on fin matter
11:29 Himanshu : their instincts are now sharper
11:29 Ankit : coming?
11:29 Himanshu : due to unforeseen things
11:29 Himanshu : imagine my son is in Germany
11:29 Himanshu : and he has to survive there cause of siituation
11:29 Uttam : ohhhh hope hes fine Himanshu
11:30 Himanshu : to move to mumbai – i want BMC to credit my account permonth 50K
11:30 Himanshu : stayed tehre in 1998-2000
11:30 Himanshu : i love place during winter – or early summer
11:30 Himanshu : tahts it
11:30 Ankit : nf 9008 to 9018
11:30 Ankit : chindi muhurat trade
11:31 Jitender : boni
11:31 Ankit : hehe yea boni
11:31 Prateeek : bnf 19000 pe from 241 to 280. meri bhi first intra trade
11:31 Prateeek : 241 to 260.
11:31 Prateeek : typo
11:31 Ankit : congo bro
11:31 Jitender : + 1 guys
11:31 Kushal : congo Prateeek, Ankit
11:32 Ankit : thnx K
11:32 Prateeek : thanks bro
11:32 Himanshu : Ankit +100
11:32 Uttam : congo guys
11:32 MJ : Uttam 3ib around 8838?
11:32 Uttam : yep 8836
11:33 MJ : Engine start please.
11:33 Uttam : Tej wants DD first so waiting for F
11:33 Ankit : thx all. traded on that 42k red. nothing major
11:34 Ankit : lets not have day like yesterday
11:35 Jitender : abv 590 sc can cum
11:35 Himanshu : NF spot broke 0K
11:35 Himanshu : UG
11:35 Uttam : yes Jit sellers not doind convincing job yet again today
11:36 Uttam : but guess its cos of some later shorts
11:36 Uttam : rinse karte huye neece jayega lagta hai
11:36 Suhas : i would also like to shift to kotak Shai
11:36 Uttam : sure Suhas will shar the contact once lock down is over
11:36 Jitender : below 520 sellers wii get traction
11:36 Tejpreet : Uttam on
11:37 MJ : +1 jit
11:37 Uttam : Daya….
11:37 Tejpreet : DD nahi to FA at top and then 3 ib
11:37 Uttam : Daya se DD karwate hain
11:37 MJ : Phir 3ib. 😀
11:37 MJ : Greens bnf.
11:37 Uttam : ab Daya todega to 3 IB aa hi jayega
11:37 MJ : looks like booking out.
11:37 Vijay : 19500pe 430-480
11:38 Uttam : BNF has been having big greens all day
11:38 Suresh : Bnf IS with Positie COT
11:38 Ankit : +1 VJ
11:38 Govind : 9000PE APR from 224 to 241, half out
11:38 Uttam : congo Gov
11:38 Vijay : Thanks Ankit Boni trade
11:38 Govind : thanks bro
11:38 Uttam : PEs gaining premium
11:38 Ankit : +1 gov
11:38 Ankit : nice one
11:39 Himanshu : first trade
11:39 Govind : Thanks Ankit, break that DL please
11:39 Himanshu : 142- 124
11:39 Shai : next short below 8994 onbly
11:39 Himanshu : 20500CE
11:39 Shai : cover if short
11:39 Jitender : gne flat 2 many greens
11:39 Uttam : congo Vijay
11:39 Vijay : thanks UG
11:39 Govind : Congo Vijay, nice trade
11:39 Jitender : +1 Vijay
11:40 Himanshu : cong Gov & Vijay
11:40 Kushal : congrats guys
11:40 Jitender : +1 Himanshu
11:40 Tejpreet : congrats to all green mtm
11:40 Govind : You too HImanshu
11:40 Prateeek : congrats guys
11:40 Vijay : Thanks Guys
11:40 Amit Jain : congrats guys
11:40 Govind : exited rest at 239 as per Shai
11:40 Kannan : 9100 CE from 201 to 191
11:41 Jitender : congo K
11:41 Shrishti : nifty 8900 pe 85 to 97
11:41 Tejpreet : charts stuck ?
11:41 Jitender : +1 Gov n Shrishthi
11:41 Uttam : so the girls of the room also getting into the act 🙂 congrats Swetha & Shristhi
11:41 Jitender : ys
11:42 Jitender : Tej
11:42 Shrishti : 🙂
11:42 Prateeek : charts struck for me
11:42 Govind : Congo Shrishti
11:42 Govind : and Kannan
11:42 Kannan : thanks uttam and jitender
11:42 Shrishti : yes stuck here also
11:42 Shrishti : thanks everyone
11:43 Jitender : Swetha ?
11:43 MJ : Jit greens of bnf can push to that SC pivot of yours?
11:43 Kushal : congrts Shrishti
11:43 Kushal : stuck 🙁
11:43 Jitender : ys MJ
11:43 Jitender : 485 Sl fr tat
11:43 MJ : First bnf for the day. lets get some bucks. Thanks J.
11:44 Uttam : 19460 imp level so BNF taking a pause
11:44 Kannan : Kannan’s daughter Swetha here. Trading on his behalf
11:44 Uttam : +1
11:44 Jitender : aah …grt
11:44 Himanshu : wow bravo girls here
11:44 Tejpreet : +1 to the ladies here
11:44 Shrishti : still stuck
11:44 Uttam : aa gaya F
11:44 Himanshu : well i know we have t o be careful on language thanks and welcome
11:44 Govind : Oh nice, Swetha Kannan!! Represent!
11:44 Uttam : chala ab bulao Daya ko
11:45 Kannan : haha thanks guys!
11:45 Seshadri : charts stuck
11:45 Ravi Kumar : charts stuck?
11:45 Shrishti : yess
11:45 Shrishti : stuck
11:45 Uttam : yes charts are stuck
11:45 Tejpreet : back now
11:46 Prateeek : back now
11:46 Ravi Kumar : back now
11:46 Uttam : yes
11:46 MJ : 565 half out 🙂
11:46 Jitender : mve Sl to 530
11:46 Tejpreet : Uttam last chance for dd or we are going for FA , in NF.
11:47 MJ : Jit thanks. Yep tsl on
11:47 MJ : Plus IB bar here. Waiting for it to complete.
11:47 Uttam : Daya not reachable Tej 🙁
11:47 Tejpreet : ok so bots can go for FA 🙂
11:48 Uttam : looks like we will have a good move on upside?
11:48 Uttam : 2ib types
11:48 Jitender : book more M
11:48 Uttam : if NF takes out that 9067-70
11:49 Jitender : 590 kiss
11:49 Uttam : kya Tej DD upar ko bola kya?
11:49 Jitender : trade over
11:49 Uttam : congo MJ & Jit
11:50 MJ : Jit booked 588. 25%
11:50 Shrishti : 80% rule applies in todays VA?
11:50 Prateeek : bnf 20000 ce this week from 252 to 265 half and half at 270. thanks jit for levels
11:50 MJ : holding 550 tsl.
11:50 Tejpreet : I said dd before F ends or FA at top.
11:50 Uttam : too small a range today Shrishti
11:50 MJ : Thanks Uttam and Jit 🙂
11:50 Jitender : cheers UG
11:50 Jitender : +1 MJ
11:50 Tejpreet : +1 Jit and MJ.
11:51 Tejpreet : Jit score ?
11:51 Uttam : cheers Jit, by the way guys going a bit off track liquor available in Maharastra from today?
11:51 Kushal : 525-600
11:51 Chetas : meeting on Lock down exit plan at 4pm
11:51 Tejpreet : Heard Uuttam but no official confirmation … i got a 1 litre JD yesterday
11:51 Prateeek : uttam its not final. they are pondering on it
11:52 MJ : Thanks Jit and TP.
11:52 MJ : TP nothing in the canteens too?
11:52 Tejpreet : not even mess ….they are serving the old stock
11:52 Jitender : 5.63 Tej n tx
11:52 Tejpreet : super
11:53 Jitender : 4.38 was opn
11:53 Tejpreet : +1
11:53 Jitender : tx
11:54 MJ : I had major FOMO when I went clean last night.
11:54 MJ : But then didn’t rush into any trades.
11:54 MJ : This wouldn’t have been the case couple of years back.
11:54 Abhishek Lalwani : rumours abt n.korea that kim is brain dead and his sister in charge now anything true in this?
11:55 Rajesh G : UG when are we expaecting move
11:55 Chetas : no screen
11:56 Yash : shai screen adjustment need in bnf 30mins,
11:56 Jitender : Abhishek ..Uttam has been tryn to reach her..he will soon confirm
11:57 Shrishti : no screen
11:57 MJ : 30 min working
11:57 MJ : If someone really needs to watch.
11:58 Yash : 30mins, banknifty candles are going under COT box
11:59 Uttam : lol – (11:56) Jitender : Abhishek ..Uttam has been tryn to reach her..he will soon confirm
12:00 Abhishek Lalwani : lol
12:00 Jitender : 🙂
12:01 Uttam : have mesaaged her on WhatsApp and shes seen it but not replying ;-p
12:01 Kushal : above vwap dhamaka i BNF Jit?
12:01 Jitender : phone must nt be with her…send a pigeon
12:01 Jitender : yes K..if vols come
12:02 Kushal : +1 Jit
12:02 Jitender : thoose who follow momentum indicators..have u spotted a div
12:05 Vijay : Yes Jit, RSI not showing too much weakness
12:05 Jitender : its a +ve div..lets c
12:06 Vijay : I use 3 min chart and its showing resistance at 60
12:06 Vijay : If 60 crossed then we can see a good move
12:06 Jitender : k
12:07 Kushal : Vijay how is the picture on daily timeframe?
12:09 Vijay : It came to 50 which was a very crucial level but did not sustain
12:09 Sagar : option prem not falling
12:09 Seshadri : i thnk we trade in Value area today
12:09 Shai : biggest lesson in an OAOR- (09:36) Vijay : OAOR also says save emotional capital so will follow the rule
12:09 Vijay : +1 Shai
12:09 Shai : hope everyone is sage here
12:09 Shai : safe*
12:10 Prateeek : yes shai
12:10 Kushal : +1 Shai
12:10 Yash : no trades at all,
12:10 Govind : Yes Shai, overnight trade and after that only one trade.
12:10 Shai : +1
12:11 Chintan : JIT 30m RSI broke Bullish TL to downside which carried on since 13th March
12:11 Shai : wait for OTF post 1.30
12:11 Chintan : chart there in slack
12:11 Uttam : and i am still holding part of the overnight trade 🙂
12:11 Govind : Yes Shai, will do.
12:11 Uttam : no new trades today
12:11 Shai : if they come back we move south from thsi kind of OAOR
12:11 Govind : Nice Uttam
12:11 Shai : if not we close here
12:11 Kannan : OTF?
12:11 Uttam : yes big gap so more likely to move in direction of gap
12:11 Uttam : Other Time Frame
12:11 Uttam : big players
12:11 Shai : watching 8995
12:12 Uttam : will G obliGe
12:12 Uttam : starting in 2 mins
12:12 Kannan : thanks Uttam
12:12 Uttam : +1
12:13 Uttam : looks at NF profile
12:13 Uttam : that too after a narro range day yesterday
12:13 Uttam : but the gap took out some juice
12:13 Kushal : thnx Vijay
12:13 Shai : would have liked one swing up to add shorts
12:13 Shai : but not many buyers interested here
12:13 Uttam : has been coiling in A period
12:13 Shai : PLR is down now for 8780 and 8700
12:14 Uttam : 8748 please Shai 🙂 VPOC there too
12:14 Shai : wait for an imbalance later
12:14 Uttam : BNF rejction at VWAP?
12:14 Shai : no execution here unless trading the range
12:17 Shai : 9033 SL if 8994 breaks
12:18 Shai : tgt 1 is 8952
12:18 Kunal null : shai… what does plr mean
12:18 Shai : path of least resistance
12:19 Jitender : k Chintan
12:20 Kushal : what is the red line on which BNF just took some support? 19518 value
12:22 Chetas : delata
12:22 Chetas : Delta
12:23 Kushal : thnx Chetas
12:24 Shai : NF short in
12:24 Shai : saw the drop below 8996
12:24 Shai : was expeted
12:24 Lakshay : trapped +ve divergence
12:24 Vijay : +ve divergence was over when RSI rejected 60
12:24 Sagar : 3 IS
12:25 Himanshu : balance here
12:25 MJ : 160k 8984
12:25 Himanshu : Chief
12:25 Govind : 0s at IBL
12:25 Himanshu : 135 Green
12:25 MJ : 0’s above
12:25 Himanshu : 160K
12:25 MJ : Added value IMO.
12:25 Boppanna : BNF time to move
12:26 Himanshu : UG lot of green in BNF
12:27 Shai : that 160 K is 0’s
12:27 Shai : can ignore
12:27 Boppanna : H vwap reject now thats the ref
12:27 Vishnu : both side it has
12:27 Boppanna : *Himanshu
12:28 Himanshu : thx bopp- chief
12:28 Himanshu : out 9100 ce 88 – 71
12:28 Shai : 8991 TSL or book here
12:28 Himanshu : but got scared seeing some greens thought may be bear trap
12:28 Shai : was expecting 8952 we stopped at 8961
12:29 Uttam : boom boom
12:29 Amit N : Bang on Shai – 8952 here
12:29 Shai : that trapped guy cam eoff
12:29 Shai : 8973
12:29 Seshadri : hit 8952
12:29 Shai : quick mover
12:30 Shai : Add below 8945 for 8916
12:30 Uttam : 9000pe 145 to 160.8 – 50% out
12:30 Uttam : rest TSL at cost
12:30 Tejpreet : +1
12:31 Vijay : +1 UG
12:31 Boppanna : +1
12:31 Shrishti : 186-215 8900 monthly put
12:31 Vijay : 19500pe 440-550
12:32 Shai : 8915 coming
12:32 Jitender : +1
12:32 Tejpreet : Congrats all green mtm
12:33 Vijay : OAOR rule, Move comes generally after 12.30
12:33 Vijay : We broke today’s low at 12.30
12:34 Govind : congrats all, 9100 pe 286 to 321, all out
12:34 Sagar : AL for new Shorts Shai ?
12:34 Sagar : SL*
12:35 Shai : 8995 IBL
12:35 Sagar : ok
12:35 Uttam : rest out at 177
12:36 MJ : Cheers all
12:36 Govind : Dax and FTSE down more than 1%
12:36 MJ : That was fast and brutal @Shai below 8995
12:37 Shai : 8996 and 9016 sgould get more sellers
12:37 Shai : waiting for volume to catch up off OAOR
12:37 Shai : we are at vwap bands
12:40 Govind : Rajiv Bajaj wants the lockdown to be lifted asap
12:40 Prateeek : His house has many rooms
12:40 Jitender : tey know tey r protecte…let others suffer…but tey should make money
12:41 Uttam : Tej delivering with his DD 🙂 +100
12:41 Govind : Yeah, he says young and healthy should get back to work. herd immunity wont come otherwise
12:41 Uttam : we are back to that 9102
12:41 Uttam : 9012
12:41 Uttam : as POC
12:41 Jitender : +1 tej n UG
12:42 Govind : DD increases the probability of a 3IB Uttam?
12:42 Uttam : Tej will get a Triple Dist for that Gov 🙂
12:42 Govind : 🙂
12:43 Uttam : patiala peg
12:43 Govind : he got a JD delivered he said 🙂
12:43 Vishnu : as per the new things i expect this lockdown and corona issue govt will allow marriages max participation around 100 for couple of months. as this will create immense issues like F&B , Gold , Textile like many sectors will get affected .
12:43 Uttam : and he called that a shitty whiskey
12:44 Govind : problem of plenty Uttam, I’ve been dry for 6 weeks now
12:44 Govind : I’ll take that JD happily
12:44 Vishnu : gov me from march man
12:44 Govind : 6 weeks also means March Vishnu
12:44 Uttam : me too Gov 🙂
12:45 Govind : the things we’ve been subjected to 🙂
12:45 Govind : DAX is down 1.7% now
12:46 Vishnu : ok gov
12:46 Seshadri : bank nifty we hit low of 19280 .. Shai _/\_
12:46 Govind : Here is the messed up part, I kow someone who hoards foreign stuff but he can’t travel to my district…crap
12:46 Uttam : another ext handle coming in Bops fav period?
12:46 Vishnu : we are going to see more cash crunch in coming weeks from every where govt side and private side
12:47 Govind : Thor can really hammer this one
12:47 Uttam : how far is that place Gov?
12:47 Sagar : another IS
12:47 Uttam : ext handle
12:47 Shai : book shorts if 8934 does not break
12:47 Shai : vwap bands need more volume
12:47 Sagar : ok
12:48 Chintan : 8965 to 8940
12:48 Chintan : book half
12:48 Uttam : aa gaya naya ext handle
12:48 Shai : +1
12:48 Uttam : keep going
12:48 Seshadri : shai VWAP is moving down to 8940 butDPOC is still at 9025..
12:49 Govind : Mr Bajaj ripping into the Gov’t
12:50 Uttam : 9000 OI crossover done but now 8900 OI needs to do a job
12:50 Seshadri : usually when DPOC is not moving down then these weak hands selling.. bounce can be expected
12:50 Shai : book out
12:50 Jitender : congo Chintan
12:50 Vishnu : bnf 2ib did
12:51 Shai : dpoc does not move when context is OAOR- (12:48) Seshadri : shai VWAP is moving down to 8940 butDPOC is still at 9025..
12:51 Uttam : 3IB maangta hai Vishnu aaj
12:51 Seshadri : ok thnaks shai
12:51 Chintan : tx jit
12:52 Vishnu : as low ibr ug that can also happen
12:52 Chetas : vwap is still at 9009
12:53 Uttam : 19260 in BNF
12:53 Uttam : that VPOC tagged
12:54 Uttam : (11:19) Shai : BNf shoukd drop to 19300(11:19) Uttam : 19399 is that HVN & 19260 is a VPOC(11:19) Shai : yes(11:20) Uttam : 19296 2 IB for today
12:54 Uttam : BNF low there to the dot
12:54 Ashwath : +1
12:55 Uttam : 19154 next?
12:56 Uttam : NF doing the 2 IB now?
12:56 Uttam : 8913
12:56 Shai : if we clsose below 8910 today carry 8700 puts
12:57 Ankit : 30 mins needs some adjustment
12:57 Shai : this is the second support now 8900- 8910 zone
12:57 Shai : below tis 8740 opens
12:57 Ashwath : +1
12:57 Uttam : +1 Shai
12:57 Vijay : +1 Shai
12:57 Sagar : mothly or weekly ?
12:57 Uttam : 8900pe OI starts to come down
12:58 Chintan : +1 shai
12:58 Uttam : boom boom
12:58 Uttam : NF tags 2 IB
13:00 Shai : +1
13:00 Ankit : +1 uttam
13:00 Ankit : exited right there
13:00 Uttam : NF does 80% in the 4-day composite
13:00 Shai : Anyone wants to take NF a little higher to add shorts?
13:01 Uttam : 9067-8916
13:01 Shai : 🙂
13:01 Sandesh : yes boss
13:01 Uttam : that is what happens in a balance
13:01 Ankit : +1 shai lets take it
13:01 Shai : 8961 on watch
13:01 Sanjiv : where can we short again? thx
13:01 Ankit : yes shai
13:02 Shai : imbalance obj off the move below 8995 met at 8915 and 8952
13:02 Boppanna : H can do the needful with a bounce
13:03 Uttam : BNF objective of 80% is 18915 but needs to stay below or get rejected at 19399
13:04 Vishnu : 2 ib tagged in nif
13:04 Uttam : d) Below 9050, the auction can fall further to 9030-02 / 8985-50 / 8920-12 & 8892-75
13:04 Vishnu : need higher level shai
13:04 Uttam : 8911.9 low
13:05 Seshadri : ok
13:07 Uttam : https://mplite.vtrender.com/?symbol=NIFTY_E30-04-2020&tf=daily&tpo=9&sp=1&startDate=07-04-2020&endDate=16-04-2020&nDays=6&idstr=.0_2.0_3.0_4.0_5&dstr=_6&rst=0&iam=
13:07 Uttam : link to see how NF player the 80% Rule in that 4-day comp to the ‘T’
13:08 Shai : +1
13:08 Uttam : and this is the BNF composite & today’s action – https://mplite.vtrender.com/?symbol=BANKNIFTY_E30-04-2020&tf=daily&tpo=24&sp=1&startDate=07-04-2020&endDate=16-04-2020&nDays=6&idstr=.0_1.0_2.0_3.0_4.0_5&dstr=_6&rst=0&iam=
13:08 Ankit : +1 uttam
13:08 Shai : I’ll share one more- a bigger one
13:08 Uttam : MP is best guys 🙂 it rocks
13:08 Shai : https://mplite.vtrender.com/?symbol=NIFTY&tf=daily&tpo=18&ivp=1&sp=1&startDate=17-03-2020&endDate=17-04-2020&nDays=20&idstr=&dstr=20&rst=0&iam=
13:08 Shai : we are back in the month value
13:08 Ashwath : +1
13:09 Shai : 8600/ 8100/ 7600 tgts Sl abv 9410 still
13:09 Shai : will revise if 8600 breaks
13:09 Uttam : super Shai +100
13:09 Ankit : woah
13:09 Ankit : thanks shai
13:10 Vishnu : super shai\
13:12 Rajan : @Uttam – How to do we identify the number of days to see the composite?? is there any rule for that??
13:13 Ketan : a query Shai ., why do you have 17/03 to 17/04 as a month profile and why not clalender month or why not expxiry month ?
13:14 Uttam : @Rajan there is no fixed number to form a composite, as Shai said in the break out session auction is always looking to form a balance and it could be on daily / multi-day / weekly or monthly so we need to see the number of days it has been in a balance to form that composite
13:15 Uttam : for example NF made a 4-day one last week & BNF did a 5-day one
13:15 Ketan : thanks Uttam !
13:16 Jitender : imo…at any ppoint of time…some composite will justify any 80%
13:16 Jitender : so wen mkt is in balance…look at composites
13:16 Jitender : in a trandn mkt…not so much
13:16 Jitender : trendn
13:17 Jitender : anotherthing go fr a compo with vix also in a range fr tat period of compo
13:17 Ketan : +1 jit
13:17 Jitender : excess wud be less
13:17 Jitender : tis is fr high vix
13:17 Uttam : @Shai that montly one will be better with the Apr NF series?
13:17 Favas : jit bnf ref?
13:18 Jitender : rest if u have UG here…rely on his kken eye to pick thoose compo out
13:18 Uttam : https://mplite.vtrender.com/?symbol=NIFTY_E30-04-2020&tf=daily&tpo=18&ivp=1&sp=1&startDate=17-03-2020&endDate=17-04-2020&nDays=20&idstr=&dstr=20&rst=0&iam=
13:18 Shai : yes Uttam
13:18 Favas : short reentry?
13:18 Jitender : Favas….400
13:18 Uttam : thanks Shai
13:18 Sanjiv : what lvl for short reentry pls?
13:18 Uttam : 19399 Jit 😉
13:18 Sanjiv : on NF?
13:18 Favas : thnks
13:19 Shai : NF 8961 or 9000 pe abv 201 to buy
13:19 Uttam : I also giving ext handle?
13:19 Jitender : k Uttam
13:20 Uttam : (12:55) Uttam : 19154 next?
13:21 Jitender : chrts stuck ?
13:21 Boppanna : yea
13:22 Ravi Kumar : charts stuck?
13:22 Prateeek : yup
13:22 Shai : (12:13) Shai : PLR is down now for 8780 and 8700(12:17) Shai : 9033 SL if 8994 breaks(12:18) Shai : tgt 1 is 8952(12:18) Shai : path of least resistance(12:24) Shai : NF short in(12:24) Shai : saw the drop below 8996(12:24) Shai : was expeted(12:30) Shai : Add below 8945 for 8916(12:35) Shai : 8995 IBL
13:22 Uttam : +1000
13:23 Shrishti : screen gone
13:23 Uttam : reset happening
13:24 Prateeek : came back
13:24 Shai : break of this microbalance also below 8907 gives 8877 quickly
13:25 Uttam : 19166 so far – (12:55) Uttam : 19154 next?
13:26 Uttam : new ext handle coming
13:28 Rajan : Thanks Uttam & Jit
13:28 Shai : watch that 9000 pe abv 200 roughly
13:28 Govind : Today is Brent’s turn, down 11%
13:28 Shai : There is a lot of short interest in that PE
13:28 Shai : is a spike candidate as the market runs against the PE writers there
13:28 Shai : we buy 🙂
13:29 Ankit : okay chief
13:29 Chetas : 🙂
13:30 Shrishti : how do we know that there is a short interest ?
13:30 Shai : https://mplite.vtrender.com/opchart/
13:31 Yash : Shai, let it be na, trending tomo can be more Fun :p
13:31 Seshadri : sorry for troubling.. whats full form of PLR
13:32 Seshadri : pardon me as i get used to terminology
13:32 Chintan : Path of least Resistance
13:32 Shai : could hold, just alerting you to a possibility
13:32 Chetas : some news on banks investment in small NBFC/MFI qualifies as priority sector, gave 100pt bounce in BN with IB
13:32 Seshadri : thanks chintan
13:32 Chetas : path of least resistance, PLR
13:32 Seshadri : thanks chetas
13:34 Uttam : good plus COT in both last 2 bars
13:35 Chintan : 2 IB in last 30 m
13:35 Seshadri : bounce till 9892?
13:36 Ankit : 9892??
13:36 Seshadri : 8982
13:37 Ankit : ok
13:37 Shai : we watch at 8960-65
13:37 Seshadri : yes
13:37 Shai : Aggressive short here with sl of 8966 tgt 8907 cmp 8942
13:37 Shai : higher risk
13:40 Gopi : 3 green cots
13:40 Shai : yes
13:41 Shai : reds not back yet
13:42 Uttam : yes buy COT increasing with each bar
13:42 Shai : exit short 8948 just abv cost
13:43 Santhosh null : chennai
13:43 Shai : can wait
13:46 Mohit : hi all
13:47 Seshadri : hi mohit
13:47 Seshadri : new to VT
13:47 Mohit : is it possible to get the view of markets from this tool
13:47 Shai : pause mode continuing
13:47 Uttam : hi Mohit, welcome to VT
13:47 Mohit : yes sheshadri … new to VT
13:47 Seshadri : follow Shai
13:47 Mohit : joined yesterday
13:47 Shai : shorts are pushing out
13:48 Uttam : please go through the welcome mail which has the importnt links along with the Training Library videos to understand the setups we use here in the trading room
13:48 Mohit : yes i am going thru them
13:48 Mohit : shorts pushing out means ?
13:48 Mohit : covering shorts ?
13:49 Uttam : yes shorts forced to cover
13:49 Santhosh null : welcome Mohit
13:50 Mohit : thanks santosh
13:51 Mohit : sorry i joined late today
13:51 Mohit : is there a view on market now ?
13:52 Shai : first reds at 8961
13:52 Shai : still holding
13:52 Shai : 8965 sl again from here tgt 8911
13:53 Ankit : nf 8956 to 8932
13:53 Ankit : yes shai
13:53 Ankit : 8961 olding
13:53 Chintan : +1 ankit
13:53 Shai : +1
13:54 Ankit : took the trade on that onlu
13:54 Ankit : thx shai and chintan
13:54 Prateeek : congrats ankit.. nice one
13:54 Shai : has the 0’s so works well
13:55 Ankit : thc prateek
13:55 Ankit : thx
13:57 Govind : +1 Ankit
13:57 Ankit : 30 mins candles chart looks very much like yesterday
13:57 Shai : That 9000 pe writers still not safe as long a sthe market trades abv 130 and 163
13:57 Ankit : thx gov
13:58 Shai : watching 163 below and 203 above
14:03 Shai : 8930 reduce halof- (13:52) Shai : 8965 sl again from here tgt 8911
14:04 Shai : 8948 trailing rest
14:04 Shrishti : 8948 is SL for rest?
14:04 Shai : yes
14:05 Shai : give it 5 more mins for 8907
14:06 Govind : Uttam, can we leave that second (mini) bell please 🙂
14:07 Uttam : 3rd dist reserved for last 45 mins Gov 🙂
14:07 Govind : oh alright, sounds good
14:07 Govind : +1
14:08 Shai : Uttam is already making the weekly into a DD also
14:08 Shai : :0
14:08 Uttam : 🙂 lol Shai
14:09 Shai : (12:56) Shai : if we clsose below 8910 today carry 8700 puts(12:57) Shai : this is the second support now 8900- 8910 zone(12:57) Shai : below tis 8740 opens
14:09 Shai : clean auctions
14:09 Uttam : I was so happy to be able to view the profile in one acreen yesterday now got to scroll for viewing that weekly profile
14:09 Shai : market respecting all previous zomes
14:09 Vijay : BNF levels shai?
14:10 Shai : we ahve an hour to see sellers come below 8910
14:10 Shai : have not seen many here so far
14:10 Shai : close the NF shorts here at cmp- go flat
14:12 Shai : BNF at a neutral zone here swing wise
14:12 Shai : 19300- 500 is a HVolume zone
14:12 Ankit : Combo also flat .. perhaps due to vix
14:12 Shai : if we get IS here tom we can see 18200 spot again
14:13 Vijay : +1
14:17 Prateeek : any news?
14:17 Uttam : 9012 & 19540 coming?
14:17 Uttam : OTF down stops
14:17 Uttam : BNF 19398.4
14:17 Uttam : above 19400 can climb more
14:18 Uttam : COT is good
14:18 Shrishti : stll to conquer one last single print of dd
14:18 Shrishti : 8982
14:18 Uttam : VWAP & IBL there
14:19 Uttam : dangerous combo for short covering if taken out
14:19 Seshadri : yes
14:21 Yash : can we consider today’s low as weak low?
14:21 Uttam : today is still not over Yash 🙂
14:21 Yash : if that low is intake, :p
14:22 Govind : Yash wants a revisit 🙂
14:22 Yash : am just learning GoV
14:22 Govind : of course Yash
14:22 Uttam : all of us are learning here Yash 🙂 +1
14:23 Uttam : this could even be a PBH
14:23 Uttam : so lets see how it plays out
14:23 Uttam : 73k green at 8970
14:23 Ankit : hope it is PBH 😉
14:23 Yash : PBH?
14:23 Shrishti : what is PBH
14:23 Uttam : pull back high
14:23 Yash : ok
14:23 Yash : thanks
14:23 Uttam : that 72k green getting support
14:24 Uttam : 9012 coming
14:24 Uttam : 19540 in BNF
14:24 Uttam : DD ka bell happening
14:24 Seshadri : cot of1.5 lakhs will take it to 9012
14:24 Uttam : critical level this 8990 in NF
14:25 Seshadri : 8982 hit
14:26 Uttam : this move started here – (13:34) Uttam : good plus COT in both last 2 bars
14:27 Shrishti : chart stuck
14:27 Uttam : COT is the best confirmation tool
14:27 Uttam : charts fine
14:27 Seshadri : charts are fine
14:28 Shrishti : if we short now what is SL
14:28 Seshadri : there has to a reason to short
14:28 Uttam : do not go against COT S
14:28 Uttam : we need to see reds for a short now
14:28 Shai : +1
14:28 Shrishti : ok got it thanks
14:29 Shrishti : no short taken
14:29 Suresh : +1
14:29 Shai : There is a reson we exited the short earlier
14:29 Shai : COTR leads price
14:29 Uttam : +100
14:29 Shrishti : i was thinking of it from a risk reward perspective with a short bias
14:29 Seshadri : +100 shai
14:31 Shrishti : there goes my fictional stop loss…thanks for the guidance guys:)
14:31 Jitender : 40k green nf
14:31 Ankit : yes jit
14:32 Uttam : 19k in BNF too Jit
14:32 Chetas : theses charts are simple amazing
14:32 Ankit : thought the same for preious 19k
14:32 Uttam : 10k above that 19k
14:32 Shai : what do these greens know?
14:32 Uttam : (14:17) Uttam : 9012 & 19540 coming?
14:32 Uttam : 9012 here
14:32 Uttam : 19523 so far in BNF
14:32 Shai : yes 9017 ref line 8960 sl
14:33 Jitender : sum rbi news
14:33 Boppanna : any FM news?
14:33 Vijay : RBI has loosened some rules for priority sector
14:33 Jitender : on easing certain norms
14:34 Swapnil : NS is supposed to announce stimulus – she will drop in any one of these days.
14:34 Shrishti : her stimulus has been a joke till now
14:34 Uttam : expiry day her fav?
14:34 Swapnil : yes :p
14:34 Seshadri : yes.. inauspicious period of panchak got over today.. announcement anytime expected
14:35 Vijay : Imo- Stimulus will be announced once the government is sure then want to end lockdown
14:35 Prateeek : Rbi has a lot of scope to play with the existing norms to easen things up. And they pare tweaking those macro and miceo prudential norms
14:36 Chintan : +1 ug on that 9012
14:37 Uttam : may be this move was for those 900pe wrtiers to get safe Shai?
14:37 Uttam : firts red COT in a while
14:37 Shai : 130 second ref in that PE of 9000
14:40 Yash : UG, last 45 mins 😀
14:40 Uttam : yes 8960 break needed
14:40 Uttam : 3 mins to go
14:42 Jitender : kis Ankit 🙂 (14:31) Jitender : 40k green nf
14:42 Ankit : yeah
14:42 Ankit : short timing went bad
14:42 Ankit : moved out in 5 points
14:43 Uttam : lets have the third distribution now 🙂
14:43 Yash : get that 9000pe above 200
14:44 Prateeek : yes yash. with you
14:44 Jitender : bnf take out 240
14:45 Jitender : algo tere
14:45 Seshadri : yes
14:47 Boppanna : 19300 spot can we push in BN
14:47 Jitender : nf half book..52 bps
14:48 Shai : +1
14:48 Jitender : _/\_
14:48 Vijay : + Jit
14:48 Govind : awesome trade Jit!
14:48 Tejpreet : +1 Jit , traded this wit you
14:48 Jitender : tx guys n +1 tej
14:49 Shai : NF a short below 8927 for 8875 sl of 8966 again. short below only
14:52 Shai : That upmove was used to liquidate cash holdings again
14:53 Shai : Remember I told you yesterday they were selling cash at 9330
14:53 Shai : same thing here
14:54 Govind : Yes, there was discount in NF at that time
14:54 Uttam : spike coming?
14:54 Vijay : lets break 8915 now
14:54 VaibhavG : if its cash selling..i can imagine some scary levels
14:54 Vijay : Singapore lockdown till 1st June
14:55 Govind : oh wow
14:55 Shai : Buy 9000 pe abv 182 sl of 160 tgt 204/ 220. Buy abv only
14:55 Shai : cmp 175
14:59 Uttam : going back to 9012?
14:59 Uttam : 45k red at 8930 stalled the move down
15:00 Chetas : singapore extends lockdow to june 1st
15:00 Nagarajan : 9000 Pe is cary forward? if activated
15:00 Jitender : tv tryn to talk up nf abv 9000 spot
15:00 Chetas : relinace going up
15:01 Uttam : @Nagarajan will mostly hit the objectives before close if gets activated
15:01 Jitender : out of nf shrts ..bal
15:02 Vishnu : ril up 65 points from low . any news?
15:02 Jitender : good last 3 sessions
15:02 Mohit : can we carry any position based on the order flow ?
15:03 Vishnu : are u new today?
15:03 Shai : Of shows shorts of yetserday and early morning closing some positions
15:03 Shai : we shorts below 8910 tom
15:03 Suhas : +1 shai
15:04 Uttam : BNF to close at 19399?
15:05 Shai : @Mohit there is plenty of time to take positions. Please undertand the process by going through the Training Library- (15:02) Mohit : can we carry any position based on the order flow ?
15:05 Shai : once you are through with the videos , you will undertand what we do here
15:05 Mohit : ok … will do
15:07 Kunal null : an today be a neutral center day
15:07 Yash : I hear big name from SME BROKERAGE segment has pledge cliient shares
15:07 Yash : need to confirm once after 3.30
15:08 Shai : NV down – (15:07) Kunal null: an today be a neutral center day
15:08 Kunal null : ok
15:09 Gopi : reliance block trade
15:09 Shai : 9015- 9045 ref zone for shorts tom
15:09 Shai : 8910 still a supp
15:09 Govind : SPX just made new lows
15:09 Kunal null : price probing cluster of vwap and ibl
15:09 Shai : hope there are no gaps
15:09 Shai : every gap is an opportunity lost
15:09 Uttam : true that Shai
15:10 Govind : let’s lobby for overnight trading
15:10 Himanshu : thats right
15:10 Govind : Himanshu, please talk to your friends stateside
15:11 Himanshu : well we hsal
15:11 Himanshu : but lobyying for longer market hours under lock down is
15:11 Himanshu : like some one from PMO office will personally vsiit
15:11 Kunal null : shai…. how long will it take to add my account of kotak to special discount eligible for vtrender
15:11 Himanshu : with handcufs
15:11 Kunal null : brokerage is killing my mtm
15:12 Himanshu : so may be after dust i ssettled
15:12 Govind : after lockdown Kunal, Shai said
15:12 Himanshu : along with WFH ( work from home) starts trending
15:12 Uttam : @Kunal you will have to check wiith the PM on when the lockdown will be taken out first 🙂
15:12 Govind : 🙂
15:12 Himanshu : is when such proposal can be logical
15:13 Yash : UG, better question is, when FUEL prices will go negative in INDIA 😀
15:13 Shrishti : No shorts to be carried overnight or we can carry?
15:13 Kunal null : are bhai.. mera ek account ke liye I do not want to stop the lockdown
15:13 Sanjib : Kunal – you can try Zerodha meanwhile. They do the KYC online through Aadhar
15:13 Abhishek Lalwani : nymex june dn 30%
15:13 Uttam : that I know the answer which is NEVER ;-p
15:13 Uttam : (15:13) Yash : UG, better question is, when FUEL prices will go negative in INDIA 😀
15:13 Uttam : No – (15:13) Shrishti : No shorts to be carried overnight or we can carry?
15:13 Himanshu : onse state already extedned lck down till 7th I gues- telngana
15:13 Seshadri : shristhi please follow shai
15:14 Shrishti : yes
15:14 Yash : am in Green Zeon in Guj but useless 😀
15:15 Abhishek Lalwani : dow f dn 350
15:16 Shai : RR is not good for a carry
15:17 Shai : see this as 8910 to 9050 for open tom
15:17 Abhishek Lalwani : @shai any puts for carry
15:18 Shai : NF sell below 8928 and PE buy abv 182 did not trigger
15:18 Uttam : yes Shai
15:18 Shai : cancel them
15:18 Prateeek : +1 shai
15:18 Shai : Positional shorts ifd anyone is carrying then Sl is 9175 F
15:19 Shrishti : wow i was thinking this is DD day till one hour ago!
15:19 Shai : unlikely we get another quick break down on this COT of today
15:19 Shai : esp near 8900
15:20 Shai : Can say it was a DD till about an hour ago
15:21 Shrishti : Shai how do we predict overnight positions in such a news heavy environment?
15:21 Shai : but that move to 9010 messed the 2 distributionbs
15:21 Shai : these are anyway end of day patterns
15:21 Shrishti : right
15:21 Shai : prev ref zones and the auction in current mode there- (15:21) Shrishti : Shai how do we predict overnight positions in such a news heavy environment?
15:22 Shai : yesterday was a clean short as there was no new demand at the FA of March
15:22 Shrishti : But what if overnight some good news came in the US markets?
15:22 Shrishti : Just a query to understand…
15:23 Uttam : we take the SL & look for next trade 🙂
15:23 Shrishti : high risk high return:)
15:24 Shrishti : especially in options!
15:24 Uttam : yesterday was start of a fresh move down so better R:R
15:24 Uttam : plus in options if carrying look to carry monthly
15:25 Shrishti : yes ofcourse…
15:25 Uttam : some reds in both
15:25 Himanshu : ug – 20500 CE – mthly sold at 355
15:25 Himanshu : in 20 point profit
15:25 Himanshu : shall i carry what OF says
15:26 Himanshu : open gap down
15:26 Himanshu : or book here
15:26 Uttam : if in profit book out and take fresh view tom
15:26 Ashwath : back to back IS in bnf
15:26 Uttam : not seen that chart so cannot comment
15:26 Suhas : big reds in last mins Ug
15:27 Abhishek Lalwani : omg last cot saying sm thing
15:27 Himanshu : ok done
15:27 Boppanna : SPX giving a small slide
15:27 Ashwath : 5 mins bnf
15:27 Gopi : 19270 bn
15:27 Uttam : longs booking out thiese could be
15:27 Uttam : last 5mins take COT with caution
15:27 Uttam : closing of positions most could be
15:27 Ashwath : ok.. gotcha.. thanks
15:28 Suhas : small range candle but big COT
15:28 Uttam : we have the levels marked for tom so lets see what COT shows us frsh at open & take the next trade
15:28 Shrishti : Do most traders here use shorting options as an overnight strategy or buyiing them?
15:28 Shrishti : I would be very afraid to short a naked option overnight!!
15:29 Shai : Always hedge overnights with vix of 45
15:29 Shai : Bye all
15:29 Shai : Have a nice evening
15:29 Shai : Catch up tom
15:29 Uttam : thanks All 🙂 have a lovely evening
15:29 Ashwath : ba bye.. take care..
15:29 Suhas : Thanx all..bye tc
15:29 Rajan : Thanks all. Bye
15:29 Prateeek : bye everyone. meet you tomm
15:29 Santhosh null : thank you bye