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
08:56 Vtrender Live : https://global.gotomeeting.com/join/265922701
09:00 Shai : https://vtrender.com/market-profile-analysis-dated-20th-jan-2020/
09:37 Shai : (09:37) Shai : Intra – Buy 12200 pe at 57- 58 sl of 48 tgt 73/ 79
09:48 Shai : (09:47) Shai : Make exits n the PE trade
11:58 Shai : (11:57) Shai : Intra – Buy 12200 pe abv 53.5, cmp 50, buy abv 53.5 sl of 48.5 tgt 63
12:12 Shai : (12:12) Shai : Intra – Buy 12200 pe at 46 sl of 39 tgt 56/ 63.
12:18 Shai : (12:17) Shai : At 53 book half – (12:12) Shai : Intra – Buy 12200 pe at 46 sl of 39 tgt 56/ 63.
12:45 Shai : (12:45) Shai : Move Sl to 52.5 on the PE
08:56 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/265922701
08:57 Rajesh : GM everyone.
08:58 Pramathesh : GM guys
09:00 Shai : GM all
09:00 Rajiv : GM
09:00 Shai : https://vtrender.com/market-profile-analysis-dated-20th-jan-2020/
09:01 Sumit : GM
09:01 Manoj : good morning guys
09:02 Rajan : Gm all
09:02 Shai : 12268 is ref line and bias point for the NF for the day
09:02 Shai : sellers stay in control below 12268
09:02 GS : GM all
09:03 Shai : expected support is at 12215 and at 12170 on the day scale
09:04 Shai : 31226 ref line in BNF
09:04 Shai : PLR stays down if we auction below it
09:05 Shai : 31150-31110 has minor supp from last week
09:05 Ketan : good morn room !
09:06 Ketan : with shais permission i would like to share something with the room !
09:06 Ketan : Over the years and after several loss-making trades., I have come to realize that no 8 days in the markets are quite challenging (atleast for me )., as in stop losses triggered or what I would like to called market mis guides.8 out of 10 times the market just grinds., for instance in the last 6 instances of days with no 8 either as a total or as just a number ( date no 8 , 17,26 or total like today 21/01/2020)The market didn’t do much except for one day. Most of the time the trend is restricted after 1130 and then just chugs along the whole day and then we might / might not get movement in the last hour. Now after attending the workshops ., and going through Uttams daily reports., following conclusions were drawn of the type of days ( by Uttam) 3 out of those 6 were open auction ( OAIR OR OAOR) types ., ., two were ORR ., but stayed in the morning range for the whole day ., 1 was an OTD with a 60 point range only. Only 1 OAOR worked to achieve 2 IB. Thanks to the understandings of M
09:07 Chandrashekhar : GM all
09:07 Ketan : Thanks to the understandings of MP / OF data ., I have greater clarity because of the type of days., and am grateful for shai / uttam and the room for the learning. Hopefully today I shall avoid the pitfalls of the no 8 day.
09:07 Uttam : Good Morning All 🙂
09:08 Shai : +1
09:10 Uttam : nice Ketan 🙂 and more power to you
09:10 Ketan : am grateful to you guys !
09:10 Ankit : +1 ketan
09:11 Tejpreet : GM All.
09:11 Pritesh : Good Morning All
09:12 Vishnu : gm all
09:13 Amit : gm all
09:14 Uttam : 12181 coming in NF?
09:15 Tejpreet : All swing supports whacked in gap down.
09:15 Uttam : imbakance in play 🙂
09:15 Uttam : imbalance*
09:16 Uttam : that too on a weekly scale
09:16 Tejpreet : +1
09:17 Uttam : big vols in both
09:18 Shai : yes
09:18 Shai : Cot went from -50 tp + in this bar
09:19 Shai : watch 12215
09:19 Shai : one possibility to think about is an OAOR
09:26 Shai : Gap down changed a few things around
09:26 Shai : An upmove to close the gap may result in selling
09:27 Shai : high risk longs to 67 in thye 12200 ce with sl of 45
09:27 Shai : high risk
09:31 Vishnu : shai good volume in 15 min
09:31 Vishnu : not 18 but 14 l almost
09:32 Shai : yes
09:34 Uttam : 12.7 L in first 15 mins
09:34 Uttam : 4.9L in BNF
09:35 Shai : excit if in the CE – just at cost 53
09:35 Shai : negative COT has come for the rise
09:35 Tejpreet : Shai swing wise now SL for nf shorts ?
09:35 Shai : 12320 still
09:35 Shai : check with Uttam on 2 ATR
09:36 Tejpreet : tks , i had 12292 .
09:36 Tejpreet : Uttam 2 ATR ?
09:36 Uttam : 1atr down from 12319 was at 12223
09:36 Uttam : 2atr from there would come to 12127\
09:36 Uttam : 12235 immediate ref on upside now in NF
09:37 Shai : Intra – Buy 12200 pe at 57- 58 sl of 48 tgt 73/ 79
09:37 Tejpreet : tks Uttam.
09:37 Uttam : 12262 is the VPOC above it now
09:39 Chandrashekhar : the CE OI is increasing as well
09:42 Tejpreet : vwap holding up , needs to go for swipe to Uttam’s 181.
09:42 Uttam : 13k green at 12235
09:42 Pritesh : Has the SL triggred?
09:46 Vishnu : shai what abt the volume 17.25 l is not good but not bad na
09:47 Shai : open auction under way
09:47 Ankit : yes
09:47 Ankit : need to be careful both sides now
09:47 Shai : Make exist in the PE trade
09:48 Shai : exits**
09:48 Shai : open auction
09:48 Shai : stay light and quick
09:48 Vishnu : shai we had singles at 12178-12168 on jan 9 . is they supported today also
09:52 Shai : yes
09:52 Shai : BNF that last bar wa sover a 100
09:52 Boppanna : BNF 175 fight going on a) b) hypo Uttams ref
09:54 GS : gap closing
09:55 Chandrashekhar : 11K red in BNF
09:55 Uttam : 21k in NF too
09:56 GS : 13k greens too
09:56 Boppanna : Needs to get below 150 BNF
09:57 Shai : You can immediately make out today , that it is not going to be as easy as yesterday
09:57 Chandrashekhar : +1 Shai
09:57 Shai : can wait in such situations
09:57 Chandrashekhar : aucition on both sides
09:57 Shai : yes
09:57 Shai : we wait for post IB
09:57 Vishnu : if in any open auction i always do with 30 % of my actual size. It helps me to exit is small loss irrespective of the profit what i make. its my strategy.
09:57 Chandrashekhar : but neither of them stronger to ttake over yet
09:58 Manoj : Vishnu by Open auction you mean first 30 mins ?’
09:58 Shai : best scenario is a push to 12262 to see if the seller comes back
09:58 Vishnu : today i made 0.2 dt loss in that put. so staying out for watching the ib range
09:59 Vishnu : yes manoj
09:59 Shai : we entered on that initial break of vwap, but the NF buyers swung back
09:59 Vishnu : yes shai
09:59 Uttam : now we have a RS at 12242
09:59 Vishnu : u studied open types today it OAOR
09:59 Vishnu : correct shai?
09:59 Uttam : 0s at 12230 in this bar but yet to complete
10:02 Vishnu : vey less vol in b
10:04 Sachin : uttam, your hypos are difficult to appreciate with such a gap down, in nifty 12268 and higher is the level, so does it mean all this is pull back for shorts to be initiated till 12255? pls explain when you find a minute.
10:04 Uttam : look in the OF for new info Sachin
10:05 Uttam : we have a RS at 12242 so lets see if that can break VWAP
10:05 Uttam : else PDL is the ref for now above it that yPOC of 12268
10:05 Tejpreet : Also Sachin keep the weekly levels in mind when the gap is big or you get news based big move.
10:06 Sachin : understood, many thanks
10:06 Uttam : C side on up would be a nice set up today 😉
10:07 Sachin : vwap nifty is at 12218, i guess you meant IBH?
10:07 Uttam : plus FA would be even more better
10:07 Chandrashekhar : +1 Uttam..was thinking of it
10:07 Ankit : yes uttam.. c side would be good
10:07 Ankit : bingo
10:07 GS : NFmoving along VWAP
10:08 Vishnu : yes
10:08 Uttam : OAOR characteristic
10:08 GS : gone sideways?
10:08 Tejpreet : ok so bot has to give c side ext till 12262 and then FA till 12181 Uttam mentioned ….wishlist for the day 🙂
10:08 Uttam : highest vols was in the first 5mins & we are rading above that zone so for now no weakness till it stays above VWAP
10:10 GS : @UG cool
10:10 Rajiv : JIT the BNF algo was buying here. Correct?
10:10 GS : gap covering to theek se karlo
10:12 Boppanna : 200 being defended BNF
10:12 Uttam : nice number 31200
10:12 Jitender : 31140-170
10:12 Jitender : weak below tat zone
10:12 Boppanna : 150-100 half out
10:13 Uttam : both at VWAP
10:13 Uttam : 8k red in BNF
10:13 Jitender : congo BoPs
10:13 Uttam : done – (10:05) Uttam : we have a RS at 12242 so lets see if that can break VWAP
10:13 Uttam : OAOR so trade for a retracement from RS to VWAP
10:13 Uttam : guys we did this at the workshop
10:14 Uttam : can see a live exmaple
10:14 Uttam : IB done
10:14 Ketan : yes uttam ! nice live example !
10:14 Tejpreet : +1 Uttam
10:14 Tejpreet : cong bops .
10:14 Uttam : Open type sets you up for the kind of trades you need to look for
10:15 Boppanna : thx buggers waited till 10:13 to push it down 150
10:15 Uttam : VWAp getting more reds
10:15 Uttam : 22k stuck?
10:15 Uttam : 12211
10:16 Uttam : or more to come?
10:16 Boppanna : full out at open
10:16 Pramathesh : Uttam so now we wait for IBL/IBH to breach/touch and then expect for retracement to vwap?
10:16 Tejpreet : this 22k looks like the green at top.
10:16 Uttam : 12211 needs to break
10:20 Uttam : trend is down this week so RS is better to look to go short – (10:16) Pramathesh : Uttam so now we wait for IBL/IBH to breach/touch and then expect for retracement to vwap?
10:20 Uttam : acceptance inside yesterdays range will be sign that buyers gaining a bit more control
10:21 Boppanna : Like Shai said nimble is the key today may not get one one way moves IMO
10:24 Shai : yes
10:24 Shai : imbalance to balance under way
10:24 Shai : back of my head since yesterday is the 8th Jan profile
10:25 Shai : since open we are a template of that 1
10:26 Shai : don’t rush into trades today
10:26 Shai : not a day for over trading
10:26 Shai : the market is pausing- so should you
10:26 Uttam : +100 Shai
10:27 Ankit : correct…might turn out to be another sleepy day
10:28 Uttam : C ko hone do phir could get a nice move 😉
10:28 Ankit : hehe inshallah
10:28 Sachin : btw’ today in 2008 was the markets largest fall ever, 😉
10:29 Ketan : @shai jan 8 too was a typical no 8 day ! ( an ORR with a small range as per uttams report )
10:33 Chandrashekhar : 18 K reds here @ 12211
10:33 Chandrashekhar : and 10 k @ 31000 for BNF
10:34 Boppanna : Tej getting his C extension one way or the other 🙂
10:34 Boppanna : BNF
10:34 Uttam : 57 to 60.9 in 12200pe
10:35 Boppanna : +1 Uttam
10:35 Tejpreet : yes bops and my jinx in predicting direction continues 🙂
10:35 Tejpreet : +1 uttam
10:35 Ankit : _/\_ uttam
10:36 Chandrashekhar : good reds coming here
10:36 Chandrashekhar : Shai/Uttam?
10:37 Boppanna : Would wait for C to end Chandra
10:37 Chandrashekhar : yep..
10:37 Chandrashekhar : 7 more min
10:37 Uttam : lets see how this 5min bar ends Chandra
10:37 Uttam : reds seem to be getting stuck at lows end
10:38 Uttam : morning 5min lows still holding in both and that is where we had the max vols
10:38 Uttam : post C period thoko 😉
10:39 Chandrashekhar : no hurry ..lets get RE at D
10:39 Chandrashekhar : C is not dependable;)
10:39 Uttam : more so in an OAOR
10:39 Chandrashekhar : D for direction is good
10:39 Boppanna : Jit DII pump not on yet ?
10:39 Jitender : 🙂
10:40 Jitender : doent look like
10:40 Jitender : but 95-970 had buyrs in morn
10:40 Jitender : who liquidated at top
10:40 Boppanna : ok
10:41 Rajiv : JIT these buyers are showing up again
10:41 Vishnu : c doesnt break either side of ib. so watch d dont place any contra . uttam?
10:42 Jitender : yes Rajiv…secondary algo’s n retail witll try
10:42 Jitender : dpoc also at lows
10:42 Jitender : 31130-140 is the lvl fr them to brk
10:43 Uttam : anyone for 3IB in NF today?
10:44 Jitender : up or dwn ?
10:44 Chandrashekhar : D here
10:44 Vishnu : up or down ittam
10:44 Uttam : down
10:44 Rajiv : JIT 🙂
10:44 Vishnu : ug am alwayt with u man
10:44 Chandrashekhar : D for Down Uttam..
10:44 Vishnu : 3ib point uttam
10:44 Uttam : 12077
10:45 Uttam : which is also 1 atr down from negated weekly FA of 12319
10:45 Vishnu : ohh mannnnn
10:45 Ankit : bukle up then
10:46 Uttam : but if we have a RE up then would be looking for a move to 12308 / 12330 & 12355
10:46 Vijay : what about BNF?
10:46 Uttam : so be ready for both side depending on what kind of RE we get
10:47 Ankit : seems down as of now
10:47 Jitender : invalidation lvl fr this (10:44) Uttam : down
10:47 Ankit : lets see
10:47 Uttam : 12226 morning IS on 30mins
10:47 Uttam : jit
10:47 Jitender : tx
10:50 Rajan : Uttam: what is IS?
10:50 Uttam : that 12000pe OI needs to drop below 20L
10:50 Boppanna : Initiative Sellers
10:50 Uttam : IS = Initiative seller Rajan
10:50 Rajan : Thanks
10:50 Uttam : you forgot IS ;-p
10:51 Rajan : Thanks for reminding me
10:53 Chandrashekhar : RE coming?
10:53 Uttam : morning buyer getting out at costs?
10:53 Uttam : 23k red at low in this 5min bar
10:53 Chandrashekhar : -45 K cot so far..still to complete
10:54 Jitender : ease yr shrts here
10:54 Jitender : bnf
10:54 Jitender : till 940 brks
10:54 Boppanna : +1
10:54 Bhaskar : Uttam today u have avoided BFand flirting with nifty. Any reason
10:54 Ankit : again timely alert JIt
10:54 Ankit : thanks
10:54 Boppanna : he always has hands in both jars Bhaskar 🙂
10:54 Uttam : Jit has taken over BNF thats why 😉
10:55 Vishnu : bye for some time
10:55 Govind : 12200 pe from 57.5 to 64;
10:55 Tejpreet : Bhaskar let Uttam be on NF team…bnf is with Jit and Bops 🙂
10:55 Ankit : its always a see you 😉 vishnu
10:55 Uttam : nice Gov +1
10:55 Bhaskar : it is fine with me
10:56 Govind : Thanks Uttam
10:56 Chandrashekhar : Congrats Govind
10:56 Boppanna : +1 Gov
10:56 Govind : Thanks Chandra and Bops; rollover point here around 12190, I exited
10:57 Uttam : BNF makes the first RE
10:58 Uttam : 22k green plus 0s at lows for now in BNF
11:02 Uttam : 30885 calling in BNF
11:03 Uttam : ?
11:06 Uttam : 20.3L now the OI in that 12200pe
11:06 Uttam : 19.7L in the CE
11:07 Chandrashekhar : PE was 21.6…slowly coming down
11:07 Uttam : getting closer
11:07 Uttam : yes Chandra
11:07 Ankit : 12200 pe 61 to 65.2
11:07 Uttam : nice Ankit 🙂
11:07 Chandrashekhar : congrats Ankit
11:08 Ankit : thanks
11:08 Ankit : just scratching is conservatively
11:10 Uttam : volumes too low, need some new vols for a move
11:11 Uttam : 12211 test coming?
11:11 Uttam : 12215*
11:12 Uttam : PE OI again rising
11:13 Jitender : (10:54) Jitender : ease yr shrts here(10:54) Jitender : bnf(10:54) Jitender : till 940 brks
11:13 Uttam : probable FA in BNF at lows
11:13 Boppanna : 970 to 010 scalp
11:14 Jitender : +1
11:14 Shai : ++- (11:13) Jitender : (10:54) Jitender : ease yr shrts here(10:54) Jitender : bnf(10:54) Jitender : till 940 brks
11:14 Jitender : tx
11:15 Uttam : vwap tagged in NF this time from down
11:15 Uttam : 12211 has come vols building
11:15 Shai : Buyers are not lying down on the mat today like yesterday waiting for sellers to run all over them
11:15 Shai : some fight there today
11:16 Uttam : 12213.9 high so far – (11:11) Uttam : 12211 test coming?(11:11) Uttam : 12215*
11:16 Shai : NF still nornal – BNF marginal break lower not going through
11:41 Chandrashekhar : that 33 K buy a Short SL Shai?
11:41 Vishnu : sellers are not doing good job till now. re up ?
11:42 Uttam : 0s at vwap
11:43 Uttam : and a big green also
11:43 Uttam : 34k in NF & 15k in BNF
11:43 Uttam : laggard shorts being taken out?
11:43 Chandrashekhar : have the same feeling
11:43 Chandrashekhar : COT was 54 K now down to 42 K
11:44 Chandrashekhar : pink band on 30 min charts…
11:45 Uttam : nice mini bell so far in NF
11:45 Uttam : good chance of a DD up if gets above IBH
11:46 Chandrashekhar : that PE OI is not giving up looks like Uttam..
11:46 Chandrashekhar : CE is somewhat still though
11:46 Uttam : dipped to 20.3L then started to rise – (10:50) Uttam : that 12000pe OI needs to drop below 20L
11:46 Chandrashekhar : +1, 21.1 now
11:50 Uttam : 12215 ref now
11:50 Uttam : 12226 was the IS of morning which is being negotiated here looks like
11:51 Uttam : once taken out could test IBH
11:51 Uttam : (10:47) Uttam : 12226 morning IS on 30mins
11:51 Uttam : high exact there on 5min bars
11:53 Uttam : both OI rising so looks balance to continue for some more time
11:53 Chandrashekhar : CMP for the strike also closer now…
11:54 Chandrashekhar : CE & PE
11:57 Shai : Intra – Buy 12200 pe abv 53.5, cmp 50, buy abv 53.5 sl of 48.5 tgt 63
11:58 Shai : smart thing to do is also write 12200 ce pe as this balance forms
11:59 Shai : https://mplite.vtrender.com/?symbol=O_NIFTY12200PE20200123_NIFTY12200CE20200123&tf=daily&tpo=0.5&isComposite=0&ivp=0&sp=1&startDate=&endDate=&nDays=8
11:59 Shai : sl abv 115
11:59 Uttam : yes OI increase in both also supports that writers getting in this combo
12:00 Shai : (10:24) Shai : imbalance to balance under way
12:00 Chandrashekhar : 22 K seller SL hit i guess
12:00 Chandrashekhar : morning IS
12:03 Chandrashekhar : 10 K reds @ 12230
12:03 Uttam : 20k red coming
12:03 Chandrashekhar : sorry 20K …
12:04 Vishnu : as per the auction with sellers weakness tried 12200 weekly call and coverd my morn loss and in 0.3 dt profit.
12:04 Uttam : 53 to 57 in 12200ce
12:05 Vishnu : sory did in 12150 call
12:05 Govind : BNF knocks at PD VAL
12:06 Jitender : 972-31125
12:06 Uttam : (11:50) Uttam : 12226 was the IS of morning which is being negotiated here looks like(11:51) Uttam : once taken out could test IBH
12:06 Jitender : done
12:06 Uttam : 12238 so far hgih
12:06 Boppanna : kudos Jit
12:06 Jitender : tx
12:06 Boppanna : Well played
12:06 Jitender : was an easy r/r trade
12:06 Boppanna : +1
12:06 Ankit : +1 jit
12:07 Ankit : congrats vishnu
12:07 Vishnu : thnks ang congo jit
12:07 Jitender : tx Ankit
12:07 Jitender : n Vishnu
12:07 Jitender : also congo Vishnu
12:09 Uttam : 5 mins more for a DD
12:09 Uttam : good chance
12:09 Chandrashekhar : 22 K buy on top against 0..is that short SL Uttam?
12:10 Uttam : yes Chandra looks like or a late long
12:11 Chandrashekhar : if late longs he would be stuck and get panicky below 220 for now
12:11 Chandrashekhar : right?
12:11 Ankit : honestly to me.. around vwap with IS on top and a volume cluster… ti seemed tough to goso high
12:11 Ankit : in nifty
12:11 Ankit : BNF set up was doable
12:12 Uttam : bell in making in both
12:12 Shai : Intra – Buy 12200 pe at 46 sl of 39 tgt 56/ 63.
12:12 Uttam : so rotations till we get a big player
12:12 Chandrashekhar : +1, guess the late shorts were taken out..which added to the buy vol
12:12 Ankit : yes
12:12 Shai : ignore the earlier buy abv
12:13 Ankit : best place to short here nf
12:14 Ankit : as shai gave a call
12:14 Ankit : as per my previous understanding of set up
12:15 Uttam : 47 to 51 50% out in that 12200pe
12:16 Boppanna : 120- 65 vwap out BNF on that 31100pe anchr column support at 201 below SL good RR trade OF showed a 13K late green at VAL as well to add to my bias
12:17 Jitender : 100 dwn frm exit 🙂 (12:06) Jitender : 972-31125
12:17 Shai : At 53 book half – (12:12) Shai : Intra – Buy 12200 pe at 46 sl of 39 tgt 56/ 63.
12:18 Jitender : +1
12:18 Uttam : all out at 52.7
12:18 Uttam : nice one Shai 🙂
12:18 Shai : in line for 12200
12:18 Uttam : 55.5 was expecting in it though
12:18 Shai : sl abv 12226
12:19 Uttam : BNF on for 30970?
12:20 Shai : yes
12:20 Shai : sl abv 31150
12:20 Uttam : +1
12:28 Shai : For the benefit of the new guys here,, the setup for the PE is based on the 80% rule but we are apllying it to the day’;s developing value or today’s dvah to dval in the white of the profile charts or yellow background of the 5 mins
12:28 Shai : we went abv davh and came back inside
12:28 Shai : hence dval is the tgt
12:28 Shai : first tgt was dpoc where we closed half
12:29 Shai : yesterday we too a PE on the same set up in the morning but was on the weekly value area
12:30 Ketan : thanks shai for the explanation !
12:31 Shai : Pleasure
12:31 Shai : sl is abv 12226 for the rest of the trade to work to 12200
12:31 Shai : hence keep a part of the PE
12:35 Manoj : thanks shai
12:35 Uttam : no w it gets tagged – (12:18) Uttam : 55.5 was expecting in it though
12:35 Uttam : 55.4 high
12:35 Sanjib : A silly question – what is the 80% Rule? Is it available on the Training Library?
12:35 Uttam : 12200pe
12:35 Pramathesh : thanks shai
12:36 Uttam : Sanjib which is why had asked you to read the daily reports
12:36 Uttam : we did a 80% rule on weekly Value yesterday
12:36 Uttam : its a very bacis concept in MP which we make use of almost everyday
12:36 Uttam : your MB chart in the room is also based on that principle
12:37 RS null : Is that two consecutive tpo in the value area, then there is 80% chance of thru the VA.
12:37 Sanjib : 80% of what?
12:38 Sanjib : I don’t understand the MB chart at all. Nothing in library either
12:39 Uttam : 80% of Value
12:39 Uttam : in MP we trade Value
12:39 Uttam : Value area of daily of weekly or intraday
12:41 Uttam : 12205 so far – (12:18) Shai : in line for 12200
12:42 Uttam : sorry 80% is the probability of the auction doing the entire Value area once it enteres from upside or from below – (12:37) Sanjib : 80% of what?
12:42 Shai : 80% rule is covered in the TL
12:42 Sanjib : Thanks…
12:43 Shai : Thyat’s old school from the 80″s- (12:37) RS null: Is that two consecutive tpo in the value area, then there is 80% chance of thru the VA.
12:43 Shai : Markets have become faster and now we donlt want for thye conf
12:43 Uttam : if you wait for 2 TPOS it could do 80% both sides now 😉
12:43 Shai : 🙂
12:43 Vishnu : ys ug
12:43 Shai : 80% rule to be applied on balanced profiles only
12:43 Vishnu : faster moves
12:44 Shai : is today a balance?
12:44 Uttam : oh yes Shai 🙂
12:44 Ketan : yes !
12:44 Uttam : imbalance leades to balance
12:44 Shai : last week was a balance?
12:44 Ketan : yes !
12:44 RS null : y
12:44 Uttam : though we continued the imbalance of yesterday at open
12:44 Uttam : but post that such a nice bell forming in both
12:45 Rajan : Balance is not the day to trade aggresively..right??
12:45 Rajan : we again wait for imbalance
12:45 Shai : Move Sl to 52.5 on the PE
12:45 Uttam : yes Rajan +1
12:45 Uttam : on balanced days keep small targets & smaller risk
12:46 Uttam : enter based on responsive activity
12:46 Uttam : book at vwap first part
12:46 RS null : Nice input shai.
12:46 GS : +1
12:47 Shai : _/\_
12:47 RS null : In that room every TPO is learning.
12:53 Rajesh : It seems Nifty spot going to slip furter till 12150 – 120
12:55 Chandrashekhar : SBI,ICICI,RIL marginally down now
12:58 Manoj : Shai/Uttam/Team
12:58 Manoj : We went above dvah 12231 in 11.45-12.15 TPO, but did not sustain and came down. Hence, we bought puts with first target of NF hitting DPOC 12210, and dval of 12205 as second target. Am I right ?
12:59 Vishnu : 80%rule base
12:59 Manoj : yes I am asking the above is for 80%.
13:00 Vishnu : ys
13:00 Boppanna : yes Manoj
13:00 Uttam : yes Manoj
13:00 Uttam : 12202 was VAL
13:00 Uttam : some filling needed at that 12216 level
13:01 Vishnu : rs at 12219
13:02 Vishnu : need to cross 12238 for up heating
13:03 Manoj : Uttam/Vishnu/Boppanna so queston is when would you have initiated the trade? after the end of that particular 5mins TPO where it traded above 12231 and came lower or when?
13:06 Uttam : (11:50) Uttam : 12226 was the IS of morning which is being negotiated here looks like(11:51) Uttam : once taken out could test IBH
13:07 Uttam : (12:09) Chandrashekhar : 22 K buy on top against 0..is that short SL Uttam?(12:10) Uttam : yes Chandra looks like or a late long(12:12) Uttam : bell in making in both
13:09 Uttam : when we made a high of 12239 and did not tag IBH we get ready for a retracement
13:10 Uttam : and on entry into days value we can go for that move to vwap & val
13:12 Chandrashekhar : OI cross over closer Uttam…
13:12 Pramathesh : and if IBH was tagged other than in c tpo then our target level would have been 12262?
13:12 Uttam : yep both are running parallel to each other
13:13 Uttam : need to start diverging for a move
13:13 Chandrashekhar : tihs was the least diff since open…
13:13 Ankit : yes chandrashekhar
13:13 Ankit : waiting for it to cross
13:13 Chandrashekhar : +1, there was atleast a diff of 60K with PE leading all te way
13:13 Ankit : yes
13:13 Ankit : lets see how it pans out
13:14 Uttam : only cross is not enough guys but post the cross the other OI needs to start falling
13:14 Ankit : right
13:14 Ankit : being a balanced day.. not sure how much that would happen
13:14 Chandrashekhar : yep…would be a live example to see how this works
13:14 Uttam : after cross or even when they touch each other move comes only when they start to move away from each other
13:15 Chandrashekhar : i had no cluse of this earlier to VT..since i am into VT catching up some tricks and thanks to Uttam for this
13:16 Ankit : we need initiative volumes here
13:17 Uttam : thanks to Shai for this platform Chandra 🙂
13:17 Uttam : kahan se laaoga bhai – (13:16) Ankit : we need initiative volumes here
13:17 Uttam : laoge*
13:17 Ankit : prayers
13:17 Ankit : 😛
13:17 Uttam : or call Jit ;-p
13:17 Ankit : this is Bops time
13:17 Ankit : 1 to 1:30
13:18 Ankit : Jit at 2:45 to 3.05
13:18 Ankit : hehe
13:18 Boppanna : Shai has called for a balance and its playing that script
13:18 Uttam : for volumes Tej & Jit are the guys and for moves it is Bops
13:19 Uttam : stuck in hypo1 both NF & BNF
13:19 Uttam : hypo2 actually
13:19 Ankit : apne ko dono mangta hai
13:19 Ankit : moves with volume
13:19 Uttam : Bops giving spike today?
13:20 Ankit : spike down
13:20 Ankit : 😛
13:21 Boppanna : All in ur hands Uttam ur hypos have drawn lines so may stay here 970/940 BNF downside and 170-200 BNF
13:21 Uttam : coiling happening in both
13:23 Uttam : (13:00) Uttam : some filling needed at that 12216 level
13:23 Uttam : filling going on
13:24 Ankit : aye aye captain
13:26 Govind : Axis results expected around market open tomorrow, says MOneycontrol
13:28 Uttam : so fresh trigger for new shorts Gov 😉
13:29 Govind : slippages Uttam 🙂
13:29 Govind : all eyes will be on that number
13:29 Uttam : and ICICI next week?
13:30 Govind : Saturday
13:30 Uttam : cool
13:46 Govind : NF low exactly at dval
13:47 Govind : this is like net practice of the 80% rule
13:48 Chandrashekhar : OI cross over done uttam
13:48 Chandrashekhar : now time for price to move??
13:48 Chandrashekhar : this time COT is negative Gov at VAL…
13:49 Govind : Yes Chandra, but small number no
13:49 Govind : will wait for volumes
13:50 RS null : op+Ra….what is Ra here?
13:50 Chandrashekhar : +1
13:50 Jitender : will be spkn at a non profit event https://vtrender.slack.com/archives/C0F2VRTPW/p1579592931031800
13:50 Govind : Range RS
13:51 RS null : thanks
13:51 Vishnu : jit
13:51 Vishnu : congo man
13:52 Jitender : tx bro..its the 3rd time actually 🙂
13:52 Rajiv : Jit where?
13:52 Vishnu : shai planning next time at delhi
13:52 Jitender : 1st time….hv allowed o publish my name
13:52 Vishnu : will meet u there
13:53 Jitender : Rajiv Delhi
13:53 Uttam : super Jit +100 keep flying
13:53 Jitender : _/\_
13:53 Ankit : will make you have dosa at delhi vishnu…then you decide where it is better 😛
13:53 Govind : Congo Jit
13:53 Vishnu : u say ankit
13:53 Vishnu : i only comes there
13:53 Rajiv : Nice JIT
13:53 Tejpreet : +1 jit …congrats.
13:53 Ankit : haha
13:54 Ankit : delhi in next workship done
13:54 Ankit : workshop
13:54 Vishnu : jit and u have to take me to roam in delhi
13:54 Ankit : done
13:54 MJ : Congrats, Jit.
13:54 Vishnu : hi mj
13:54 MJ : Wish it was in BOM.
13:54 Ankit : keep your engagement ring hidden
13:54 MJ : Hi Vishnu.
13:54 Vishnu : me i married snce along time bro
13:55 Jitender : tx guys
13:55 Ankit : thats why remove the ring before ou come bro
13:55 Ankit : 😛
13:55 Vishnu : that can look 🙂
13:55 GS : towards 11190
13:55 Ankit : punch some order…gives us volume
13:55 Ankit : GS +1
13:55 GS : freebies?
13:56 Uttam : on what all would you be speaking Jit
13:56 Jitender : psycology n tradn
13:57 Uttam : get a recording if possible na & post in slack
13:57 Uttam : super
13:57 Govind : Chandra, 12200 crossover happened you said?
13:57 Govind : PE OI coming down?
13:57 Uttam : yes it did Gov but noe again back
13:57 Jitender : will try Uttam
13:57 Chandrashekhar : right Gov
13:57 Uttam : like snakes fighting with each other
13:57 Chandrashekhar : but CE marginally high now..
13:57 Uttam : _/\_ – (13:57) Jitender : will try Uttam
13:57 Govind : yeah figured as much, 12200 is being defended for now UG
13:57 Ketan : @shai ., a query ., if you could answer., post 2.30 with 31080 in bnf 12222 in Nf., ( either as low or high ) might expect a move., what would be the levels to buy / sell on either side.
13:57 GS : aa jao niche
13:58 GS : arrey reverse gear
13:58 Uttam : low vol swipes happening
13:59 Chandrashekhar : +1 uttam
14:00 GS : exited with little reds and now it is back
14:00 Ankit : still holding it
14:00 Vishnu : if the dl broken move will be sharp towards down till 160/136 in nfity
14:00 GS : out man no more , tomorrow new ones
14:00 Ankit : makes sense bro
14:01 Vishnu : upper not likley that as yest was a good ORR
14:01 Ankit : yep
14:01 GS : yes it is trying for downsid move
14:01 Ankit : plus good resistance above IS
14:02 GS : issue is decay
14:02 GS : 198
14:02 Chandrashekhar : meanwhile 12200 CE makes a new low
14:03 GS : 20k reds
14:03 Ankit : at bottom
14:03 Ankit : lets see
14:03 Chandrashekhar : Uttams price divergence is also coming looks like in that 12200 strike
14:03 Ankit : yes chandra
14:03 Ankit : cmon 12170
14:04 Chandrashekhar : that 20 k should not be left there i believe
14:04 Chandrashekhar : price must cross 12198
14:04 GS : cmon 20k reds
14:05 Chandrashekhar : thats an RO point as well..12198
14:05 Chandrashekhar : sorry 12193 it is
14:06 GS : RO point?
14:06 Chandrashekhar : Roll Over point
14:08 GS : strong support?
14:08 Shai : Normal day guys
14:08 Vishnu : ys shai
14:08 Shai : what do you do on Normal days?
14:08 Shai : either trade small or quick or do nothing
14:09 GS : watch movies
14:09 Vishnu : save emotionsl cap best to do in these days
14:09 Sanjib : Trend Day typically follows Normal Day
14:09 Shai : +1
14:09 MJ : 15k upside down guy.
14:09 MJ : nf.
14:10 GS : @shai @sanj +1
14:10 MJ : Scalping in.
14:11 GS : to POC?
14:14 GS : @shai will this be correct to say that when there is OTF continuous trend days like sometimes 2-3 days and then normal days for next few days
14:16 Shai : one is assured generally
14:17 GS : got it
14:21 Ankit : damn
14:21 Ankit : bad luck
14:22 Ankit : had moved out
14:22 Chandrashekhar : RE here
14:22 Sanjib : 84k green NF
14:23 Shai : 12198 res new
14:23 Vishnu : dl broken
14:23 Shai : 12167 shoukd come
14:23 GS : it was too quick to know
14:23 Azmath : 12080 Shai can we get buy thursday as per ORR
14:23 Ankit : i was holding since so long
14:23 RS null : NV Day
14:24 GS : downside break
14:25 GS : 94k greens
14:26 Shai : yes
14:26 Vishnu : llt?
14:26 RS null : COT number suspicious to the downside
14:26 Uttam : 12180 finally
14:26 Shai : buyers have to talke out 12198
14:26 Shai : donlt buy here
14:26 Shai : Abv 12198
14:26 Vishnu : yes
14:26 RS null : yes Chief
14:27 GS : going for POC?
14:27 GS : vwap
14:28 Vishnu : wish it be a prob Fa uttam
14:29 Vishnu : need to cross vwap and ibh
14:29 GS : dval
14:30 GS : many factors to consider
14:31 GS : also close to 1Lk greens was hoping definite up move but struggle is real
14:33 Vishnu : comon vwap
14:33 Vishnu : touched vwap
14:33 Vishnu : remember fa rule
14:33 GS : 10k reds
14:34 Vishnu : gs look fa rule
14:35 GS : FA UG is back
14:35 Chandrashekhar : also COT is +40 k …
14:35 Rajiv : Shai is something changing for the shorts
14:35 GS : vwap crossed – almost
14:35 Vishnu : i did 12150 call and exited near in vwap
14:36 Vishnu : look for ibh
14:36 GS : cool
14:36 Vishnu : uttam fa man where are u?
14:36 Uttam : 12350pe leaving a probable FA at highs
14:36 Uttam : had kept my last part to book at 204 but made hgihs of 199 so exited at 186.9
14:36 Uttam : and now in 5mins it is at 171
14:37 Vishnu : man backkkk
14:37 RS null : what an auction
14:37 Vishnu : gs how this move
14:38 GS : good move 94k
14:38 Vishnu : this 30 min has volume compare o last 4 tpos
14:38 Ankit : total theory in practice 😉
14:38 Boppanna : would patbook at dvah here in NF
14:38 Chandrashekhar : COngo vishnu..you spotted that on the right spot..good way to go
14:38 Boppanna : *partbook
14:38 Vishnu : 94 is llt as llt come in large bar. rb ans rs in small bars
14:39 Vishnu : 0.8 dt done
14:39 Vishnu : ug is my man he teached me in aright way
14:39 GS : that 94k was waiting for break and jumped
14:40 Vishnu : expecting some spike up soon as per the vol given current bar
14:40 GS : dvah
14:42 Vishnu : to confirm fa it has to cross IBH . so booked all and waiting for to cross ibh
14:48 Uttam : bell today so play more for retracements not breakouts and more importantly on the upside
14:48 Uttam : close at vwap will give a nice set up for tom in both NF & BNF 🙂
14:49 Ankit : yep
14:49 Vishnu : aft tht high vol nf keeps to holds above vwap is a positive sign to test ibh
14:50 Uttam : yes trade above IBL for VWAP which was 12198 ( which Shai mentioned) for 12213 VWAP book 50% & rest trail to cost for IBH
14:50 Vishnu : entered again on 12150 weekly ce
14:51 Uttam : that 12200 OI did drift away from each other for a while but now back running paralle
14:51 Uttam : parallel*
14:51 Uttam : 150 breaks in that 12350ce means short term low in place in NF
14:52 Vishnu : pe uttam?
14:52 Vishnu : nifty nice bell formed
14:52 Boppanna : 30900pe needs to be pushed below 125 for a spike up
14:53 Boppanna : else BNF could end at vwap IMO
14:56 Vishnu : still not fa confirmed moving it to the cost
14:57 Uttam : 12216 close?
14:57 Boppanna : 30900pe bounced from 125
14:58 Vishnu : uttam any to carry for tom
14:58 Vishnu : ur suggestion
14:59 Uttam : nothing for now Vishnu but tom could be a good day, lets see how we close
14:59 Vishnu : yes
15:06 Vishnu : uttam as nf cant able to cross ibh fa failed na ?
15:06 Favas : bops significnce of 125?
15:06 Vishnu : its not fa just a pullback
15:06 Vishnu : ?
15:06 Shai : nice bell in NF
15:06 Uttam : +1 Shai
15:06 Shai : hope it does not spike
15:06 Vishnu : yes it needs to rang
15:06 Uttam : 🙂 Shai
15:06 Shai : but closes here and also does not gap\
15:07 Shai : we will have some very good easy trades tom
15:07 Uttam : nice drive from todays POC at open & day tom will be done
15:07 Shai : so come fresh and early ,
15:07 Vishnu : yes gap alwyas gives less opportunity
15:07 Sachin : shai, you effectively saying, moved from imbalance to balance, so we can expect a good move?
15:07 Shai : yes balance goes back to imbalance
15:08 Shai : which is where the money is
15:08 Sachin : understood. in such a case, the IB range tomorrow becomes very crucial?
15:08 Shai : No, open
15:09 Sachin : ok, what would you look for?
15:09 Uttam : open type will set up the day tom
15:09 Shai : read up again on you open types
15:09 Shai : you may need them, tom
15:09 Sachin : sure, will go through
15:09 Sachin : have taken notes will refer, thanks
15:10 Uttam : PE spiking?
15:10 Uttam : OI at 18.6L now
15:11 Ketan : no 8 day played well., broke lows once in banking and then in nifty ., but couldnt follow through ., typical misguide., and as Shai mentioned a well balanced day .
15:11 Boppanna : 30900pe 125-160
15:12 GS : +1 @shai
15:16 Vishnu : tom nif range epected
15:20 GS : many greens
15:20 GS : something cooking or what
15:21 Vishnu : thats position afjustment like closing positions
15:21 GS : got it
15:22 GS : good learning day , thanks all for sharing
15:23 Shai : +1
15:23 Shai : Bye all\
15:23 Shai : Catch up tom
15:23 Shai : Have a good evening
15:24 Vishnu : bye all
15:24 Chandrashekhar : Thanks all, Bye now…
15:24 GS : see ya all tomorrow
15:24 Ketan : thanks all !
15:25 Rajesh : Thank you. bye.
15:26 Tejpreet : Bye All.
15:26 Uttam : thanks All 🙂 have a lovely evening
15:26 Uttam : Tej NF did low of 12181 –
15:26 Uttam : 12180 aay hi nahi ;-p
15:26 Tejpreet : Tomorrow gap doen below it then 🙂
15:27 Uttam : lol gap up se darr lagta hai sahib, drive se nahi
15:27 Uttam : OI coming down in both
15:27 Uttam : sign of one sided move tom?
15:28 Tejpreet : Let’s see where it opens then.
15:28 Uttam : yep
15:28 Uttam : dPOC shifts to 12200
15:28 Uttam : perfect dPOC close in both with a bell profile
15:29 Uttam : see you all 🙂