Many traders are used to viewing volume as a histogram beneath a price chart. This approach shows the amount of volume traded below the price Bar. The Order Flow approach is to see the Volume traded inside or within the price bar, an important distinction.
Order Flow trading is thinking about what order market participants do and when you think along this, you can anticipate what kind of action they will be taking in the market. This is a very important concept in Order Flow.
NF
BNF
Room Chat
08:41 Uttam : https://vtrender.com/market-profile-analysis-dated-21st-january-2021/
08:41 Uttam : Good Morning All 🙂
08:50 Himanshu : Gm all
08:51 Ravi : gm all
08:52 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/870390117
08:53 Vtrender Live : 5 min NF charts – https://join.me/157-937-160
08:54 Vtrender Live : 5 min BNF charts – https://zoom.us/j/8647754156?pwd=YWwwYUhJWmJsWmJ4T09BelZUcnBPQT09
08:57 Shai : GM all
08:58 Shai : Yesterday was a neutral day in the markets with both an extension handle and a responsive buying tail
08:58 Shai : Auction was incomplete into the clsoe
08:58 Shai : we should be looking to continue yesterday’s auction today
08:59 Shai : 14670-696 ext handle and 14508 lows to nwatch for this leg
08:59 Shai : 14640 ref line into open
09:00 Shai : BNF was also neutral with ext handle at 32670 which is the ref line
09:01 Shai : 32160 imm supp along with 31900
09:02 Chandrashekhar : GM all
09:04 Tejaswini : @Shai VIX can cool off?
09:05 Shai : maintain the view given- suppa t 20 supply at 24
09:05 Shai : can see 24 today abv 22.5
09:05 Tejaswini : thanks
09:07 Sumit : Gm all
09:08 Tejpreet : GM All.
09:08 Kailash : GM All
09:08 Shai : New over starting again today Guys. Forget all that happened yesterday. Play to the ball again from the open. Stay grounded
09:09 Ankush Jain : +1
09:10 Uttam : +1 Shai
09:11 KK null : gm
09:11 Rajeshgarg : what are the levels corresponding to 20 & 24 Shai,
09:11 Shai : vix
09:12 Rajeshgarg : my bad. friday morning..
09:14 Uttam : wow sell signals on OF shart 🙂
09:14 Tejpreet : Shai you always surprise us with goodies +1
09:15 Raveendra Narayanswamy : gm all
09:16 Uttam : 14600pe from 159=169
09:16 Uttam : 159-169
09:16 Uttam : wanted 177 but has been dancing so booked out
09:17 K2dt : congo UG
09:17 Uttam : 14540 holding
09:18 Prashant : Is that SELL/BUY thing new?
09:19 Uttam : yes P added today 🙂
09:19 K2dt : yes P.. i think chief will cover in webinar
09:20 KK null : bnf went below 32 k
09:20 Ankush Jain : Shai these new sell signals?
09:21 KK null : whats next in bnf ?
09:23 Shai : Yes we have automated signals now which will pick up the buying and selling of the bar. These are all 5 mins based so you have to trade them in 15 minutes max. and trade them only with the blue band above
09:24 Ankush Jain : ok thanks
09:24 Shai : 1st 2 or 3 bars is generally old business unless OTF open
09:25 Shai : we start with bar 3
09:26 Jitender : +1
09:26 Porus : The fight has come right back to that hvn @ 14598
09:26 Uttam : series POC here
09:27 Uttam : for a day it had moved lower to 14460
09:27 Tejaswini : BNF looking weak?
09:28 Uttam : another round in that 14600pe from 158-168
09:28 Uttam : rejection from above 14600
09:29 Ankush Jain : yes
09:29 Tejpreet : 137 to 172 with you Uttam
09:29 Raghav : buy PE uttam?
09:29 Uttam : super Tej 🙂
09:29 Chandrashekhar : +1, Uttam/Tej
09:30 Tejpreet : tks and congrats to all the morning greens in the room
09:30 Shai : Thes esignas are there in the top charts also abv the 5 min in join me and zoom- (09:23) Shai : Yes we have automated signals now which will pick up the buying and selling of the bar. These are all 5 mins based so you have to trade them in 15 minutes max. and trade them only with the blue band above
09:31 Shai : *signals
09:32 Shai : 14520 supp here
09:32 Shai : next wave can begin below it
09:32 Uttam : +1
09:32 Uttam : better than average vols in both
09:32 Uttam : for first 15mins
09:32 Shai : if short book and wait
09:34 Rajesh G : shai is it EOA at zeroes at lows
09:34 Shai : No
09:36 Tejpreet : Shai once these buy/sell signal appear do we wait for bar close or they are non repainted ones.
09:37 Shai : Got nothing to do with close
09:38 Shai : they will come withi the bar- only watch the sell side qty when they appear as sell on bar – that shoulkd increase for it to stay
09:38 Shai : it is made to appear when the balance just tilts in favor of buyer or seller within the bar
09:38 Tejpreet : +1 even faster entries
09:38 Uttam : so when Tej makes an entry we can expect a buy or sell signal 😉
09:38 Tejpreet : this one gives 20 nf points.
09:39 Shai : 14620- 40 for supply today- (09:32) Shai : 14520 supp here
09:39 Chandrashekhar : very fast moves this morning…
09:39 Chandrashekhar : 80 points range already
09:40 Shai : same player was there at clsoe yesterday near 14520
09:40 Tejpreet : Uttam signals can be generated from the top floor 🙂
09:40 Shai : he had 1140 buy on the drop yesterday
09:40 K2dt : yes chief
09:40 K2dt : with those 0s
09:40 Shai : today also 400+200+ 500
09:40 Shai : henc enext leg when he goes
09:40 K2dt : +1
09:40 Shai : (09:32) Shai : 14520 supp here(09:32) Shai : next wave can begin below it
09:45 Chandrashekhar : Morning shorts forced to cover here?
09:48 Chandrashekhar : OAIR..with value forming lower Uttam?
09:49 Shai : shorts will stay till we don’t cross 14640
09:57 Tejaswini : BNF has hardly got any greens since morning. 1 test due of the lows?
09:57 Shai : dual auction between these levels today- (09:39) Shai : 14620- 40 for supply today- (09:32) Shai : 14520 supp here
09:57 Shai : stay nimble today
10:11 Tejpreet : One C side swap to 640 and then decide the tone for the day .
10:11 Uttam : Tej holding the master plan 🙂
10:12 Tejpreet : but need executioner 🙂
10:14 Chandrashekhar : C side here for NF
10:14 Chandrashekhar : 0’s
10:15 Ankush Jain : 0s at top
10:16 Rajesh G : c side good volumes
10:17 Tejaswini : End of auction?
10:18 Chandrashekhar : RS for BNF @ Vwap
10:18 Tejaswini : Yes C. Looks menacing
10:18 Shai : Buy 14600 pe at 124 sl of 104 tgt 150/ 162.
10:18 Prashant : bnf responding more on that nf C side ext
10:19 Tejpreet : 226/216 2 orders in system for 148k pe for that c move part filled …part exit 239 rest sl below 223.
10:20 Chandrashekhar : sell signal as well here
10:20 Chandrashekhar : +100 Shai
10:20 Ankush Jain : 137 here
10:20 Shai : 135 book half- (10:18) Shai : Buy 14600 pe at 124 sl of 104 tgt 150/ 162.
10:20 Shai : sl at 123
10:20 Shai : just cautious at vwap as is C side
10:21 Uttam : 14600pe 3rd trade of the day from 129-139
10:21 Shai : 14560 is tgt 1 off that range trade discussssed at 14620/ 40 supply
10:21 Chandrashekhar : 1028 greens @ low for BNF
10:21 Uttam : C side brings vwap
10:21 Tejpreet : DT done can step asie for a while to curb the itch 🙂
10:21 Jitender : Dt done…2trades 31.1-120 bps n ten 32k …136 bps
10:21 Uttam : Tej is the director today
10:21 Jitender : both stbr
10:21 Tejpreet : congrats to all greens
10:21 Jitender : +1 tej
10:21 Jitender : congo all
10:21 Surya ganti : congrats
10:22 Uttam : probable FA in NF
10:22 Favas : jit ur ref?
10:22 Shai : +1- (10:21) Tejpreet : DT done can step asie for a while to curb the itch 🙂
10:22 Uttam : vwap here now lets do IBL
10:22 Sanjib : 125 to 142 done on that 14600 PE
10:22 Uttam : doom doom
10:22 Tejpreet : Thanks Shai .
10:22 Sanjib : +1 Tej
10:22 Sumeet : joining the greats in taking some time off with DT ! GReat feeling
10:22 Rajesh G : thanks shai
10:22 Tejpreet : tks guys
10:22 Surya ganti : missed the bus on the 124.. shudhave gone @market 😛
10:22 Chandrashekhar : FA confirmed now i guess
10:22 Uttam : that C side bar had the highest vols on 5min post 9:30
10:22 Chandrashekhar : or we should ggo below VAL?
10:22 Shai : Book full 150 done- (10:18) Shai : Buy 14600 pe at 124 sl of 104 tgt 150/ 162.
10:23 Uttam : +100 Shai
10:23 Rajan Modi : done done _/\_
10:23 Chandrashekhar : +100 Shai
10:23 Chandrashekhar : Tej your plan worked…+1
10:23 Uttam : BNF 31749 here’
10:23 Uttam : below that gets weaker
10:23 Aditya09 : 14550 100- 121
10:24 Aditya09 : 0s and c side + shai levels al rocked
10:24 Shai : too good !! – (10:14) Chandrashekhar : C side here for NF(10:14) Chandrashekhar : 0’s
10:24 Shai : ++- (10:15) Ankush Jain: 0s at top
10:24 Shai : perfect- (10:17) Tejaswini : End of auction?
10:25 Jitender : bnf ..fresh shrts b careful
10:25 Tejaswini : Learning from the best
10:25 Sanjib : DT done…
10:25 Shai : congrats also
10:25 Sanjib : Thanks Shai
10:25 Chandrashekhar : Shai’s call was faster then that Signal
10:25 Prashant : bnf 31915..half at 31849 and half at 31759
10:25 Ankush Jain : +1
10:26 Shai : yesterday also I know some of you called the exact top at 14765. Very heartening to see
10:26 Ankush Jain : learning with you Shai
10:26 Rahul : please resize zoom chart
10:26 Chandrashekhar : +1
10:26 Shai : You +system > System always !! – (10:25) Chandrashekhar : Shai’s call was faster then that Signal
10:26 Prashant : Shali, you should but some vol related signal w.r.t a C side ext for failure..
10:26 Prashant : Shai
10:26 Chandrashekhar : we get learning and earning in VT
10:28 Ankush Jain : Yups C
10:29 Jitender : went 100 up (10:25) Jitender : bnf ..fresh shrts b careful
10:29 Jitender : chalo guys tc…fryday done fr me…enjoy the weekend
10:29 Anand : Jitender.. why did you say fresh shorts should be careful ? Uttam said it will be weaker below 31749…
10:29 Ankush Jain : yesterday all so called twitter gurus failed to post their M2M screens & vtrenders laughed their way to bank
10:29 Anand : _/\_
10:30 Jitender : Anand…m a pure trader..so go by my system
10:30 Jitender : *i go
10:30 Jitender : and endeavour to protect newbies here
10:30 Jitender : fr last 10+ years
10:30 Jitender : rest cant comment
10:30 Anand : 🙂 am trying to understand the trade Jit… it was below VWAP as well… asking so that I can learn from you
10:31 Anand : _/\_
10:31 Prashant : 18th lows too..
10:31 Jitender : go by what Shai says…he is good at what he does
10:31 Jitender : 71700-725 is good suppoet Anand
10:31 Jitender : *31700
10:31 Anand : sorry if the question tone came wrong “D
10:31 Anand : 😀
10:31 Jitender : and we just had a margin hit on liquidating n trapped positions
10:31 Jitender : np Anand
10:32 Uttam : 31749 is an imp ref in BNF Anand and see we have a RB there
10:32 Uttam : it is all about accetance & rejection
10:32 Jitender : so shrts wud cvr..n hence the bounce
10:32 Uttam : yesterday it was 32700
10:32 Jitender : hope u understood my reason 🙂
10:32 Uttam : which is why we have OF to see what auction is doing at those imp levels we have
10:33 Anand : ok.. thanks Jit 🙂 _/\_
10:33 Jitender : wc and have a grt journey here
10:34 Uttam : end of auction in BNF also as 0s at lows in that 31750 break
10:34 Uttam : 31750 ref now
10:36 Uttam : BNF stalling at that IS bar 0s
10:36 Uttam : 31875
10:36 Anand : ok.. thanks Uttam _/\_ I thought Jit called it before the 0s & while it wasent rejected below 31749 yet at that time.. so wanted to u/s
10:36 Uttam : tug of war between both
10:36 Uttam : now if 31750 breaks can expect new lows
10:39 Uttam : above 31875 can expect 31950
10:48 Tejaswini : those 0’s need to be taken out in BNF. getting stuck there again
10:50 Jitender : view over (10:25) Jitender : bnf ..fresh shrts b careful
10:52 Shai : NF may begin to stall now
10:52 Shai : 14580 more likely to be a weekly close
10:52 Shai : prem also gone
10:52 Uttam : NF gave a C side up and fell to VWAP & BNF did a C side down & bounced to VWAP 🙂
10:52 Ankush Jain : can a straddle work today?
10:53 Rajan Modi : Shai; after yesterday’s auctio what you see for NF for coming week?
10:53 Shai : maintain 14520- 14640 as range
10:53 Shai : won’t get into range with a budfet around :)- (10:53) Rajan Modi: Shai; after yesterday’s auctio what you see for NF for coming week?
10:54 Shai : next week expect the babus and the finmin to give sound bytes
10:54 K2dt : :))
10:54 Rajan Modi : 🙂
10:54 K2dt : maybe they even load up on OTMs :p
10:54 Ankush Jain : and that too 1 in a 100 year waala
10:54 Shai : try not to box the market guys with an event around
10:54 Prashant : Oh..news alert mentioned “NS to go beyond call of duty this budget”…too much
10:54 K2dt : lol A.. aitihaasic budget :p
10:54 Shai : even if it means waiting- the best trdae is directional
10:55 Rajan Modi : we saw that yestaerday 🙂
10:57 Sumeet : Madam will soak in her day in the sun… And apparently paperless budget this time… no bahi khaata
10:59 K2dt : bhai no Anurag Thakur pl :p
10:59 K2dt : else it will take 2 days
10:59 Sumeet : hahha k2….
11:00 Ankush Jain : wo to aayega
11:01 Ankush Jain : are they calling the session?
11:01 Himanshu : ven if it means waiting- the best trdae is directional –
11:01 Himanshu : Chief +10000
11:02 Himanshu : I refused to trade yesterday post 12
11:02 Himanshu : as premiums were too low for writing – even for monthly ,,
11:05 Tejpreet : Back now, let’s see if 520 holds
11:06 Ravi : first probable FA after quite some time in NF..tat too on the other side
11:06 Chandrashekhar : new lows coming looks like
11:06 Tejaswini : +1R
11:06 Prashant : stuck?
11:06 Ravi : confirmed FA?
11:06 Uttam : 14500pe from 123-139
11:06 Ravi : join me stuck
11:06 Uttam : IS at vwap in NF
11:07 Sumeet : biggie at 14500
11:07 Uttam : 3386 green
11:07 Uttam : with 0s above
11:07 Uttam : high was 140.9 in this move – (11:06) Uttam : 14500pe from 123-139
11:07 Chandrashekhar : yes..big greens
11:08 Uttam : 14482 coming in NF
11:08 Uttam : BNF also looking weak now
11:09 Uttam : done – (11:08) Uttam : 14482 coming in NF
11:09 Tejpreet : 25 again in NF
11:09 K2dt : done for the day..160-202 14600pe
11:09 K2dt : tc guys
11:09 Uttam : 14481 low – (11:08) Uttam : 14482 coming in NF
11:10 Uttam : (10:22) Uttam : probable FA in NF(10:22) Uttam : vwap here now lets do IBL
11:10 Uttam : FA confirmed in NF at 14626
11:10 Uttam : which was last Fridat high also 🙂
11:10 Uttam : moved away from that POC of 14628
11:11 Uttam : 14459 is 1 ATR from todays FA
11:11 Chandrashekhar : nice..so we have ATR targets on downside now
11:12 Uttam : which was last Fridays POC too 🙂
11:12 Ravi : join me chart needs adjustment Shai
11:13 Tejaswini : chief now that 520 broken lower targets can come?
11:14 Chandrashekhar : 459 today only Uttam?
11:14 Uttam : NF going for 14460
11:14 Chandrashekhar : +1
11:14 Ankush Jain : that PoC
11:14 Uttam : 14520 ref on upside
11:15 Ravi : 1 ATR is 14452
11:15 Tejaswini : UG BNF?
11:16 Chandrashekhar : ye lo..aa gaya
11:16 Uttam : BNF still taking in all the demanbd at 31750
11:16 Uttam : looks weak
11:16 Amit : +1
11:16 Uttam : can fall to 31660 & 31590
11:17 Uttam : good fight on in BNF
11:17 Uttam : NF almost does the objective 14465 low
11:17 Uttam : 14520 ext handle for now in NF
11:18 Sanjib : +1 UG
11:19 Uttam : 14461
11:20 Sanjib : OK, now let’s revisit the FA point 🙂
11:21 Tejpreet : Uttam what’s the next VPOC below todays NF DL.
11:21 Surya ganti : 25 points
11:22 Surya ganti : scalped 25 points on 14500PE
11:22 Uttam : 31653 – (11:16) Uttam : can fall to 31660 & 31590
11:22 Uttam : 14310 IS A vpoc IN nf tEJ
11:23 Viswas : ce premium not falling much
11:24 Tejpreet : tks Uttam
11:24 Rohit : Shorts should take care ? Positive COT last 4 bars and some greens coming in
11:24 Sanjib : before that 14340 is VWAP of Jan 18
11:28 Uttam : aaya kya? – (11:16) Uttam : can fall to 31660 & 31590
11:29 Tejpreet : aap ne bola aa gaya
11:29 Uttam : OF ne dikhaya _/\_
11:29 Tejpreet : +1
11:29 Tejaswini : +1 UG. Amazing
11:30 Tejaswini : That 750 absorbing all demand was perfect analysis
11:30 Uttam : all there in the charts here T
11:30 Uttam : we just need to focus
11:30 Uttam : acceptance & rejection remember
11:31 Uttam : BNF probe above 31875 but got rejected
11:31 Uttam : 31950 did not come so there PLR turned lower
11:31 Tejaswini : +100
11:32 Shai : 14470 has cover orders
11:32 Shai : 14540 is where the new selling came
11:33 Shai : we respond closer to 14520- 40
11:33 Uttam : BNF now on for that VPOC of 31338 Shai?
11:33 Uttam : in tghe next leg down that it
11:33 Uttam : for now COT is green in that also
11:34 Uttam : so looks like shorts booked out
11:34 Uttam : 11:25 bar is RB
11:34 Shai : pacy moves today
11:35 Shai : you are off screen – you lose it
11:38 Ravi : rejection at IBL?
11:39 Uttam : look where BNF stopped in this move higher – 31749.8
11:39 Sanjib : 142 to 152 in that 14500 PE based on IBL rejection
11:39 Uttam : +1 S
11:40 Sanjib : Thnx UG
11:40 Tejaswini : +1 UG
11:40 Uttam : 31749-31620
11:40 Uttam : in a flash
11:40 Tejaswini : was just waiting to come near 750
11:40 Tejaswini : 100 points in less than 5 min
11:41 Uttam : 31511 comign if BNF breaks 31590 again
11:41 Ankush Jain : yeaserday morning was too slow & this morning too fast
11:42 Tejaswini : Hope doesnt happen that way about afternoons
11:53 Amit : a
11:54 Rajiv Ohri : Shai this BUY * is new?
11:55 Sunil : do we look for rejection at this level in nifty ?
11:57 KK : will they reject from VWAP once IBL crossed ?
11:59 Tejpreet : Guys these buy signals need to be taken quickly ….maybe 25 objective NF and 10 sl. since that 1200 odd buyer and buy signal maybe 3 cchances have come to take 25 points …..like Shai said max 3 bars or 15 minutes to exit.
12:00 Viswas : can take short chief?
12:01 Shai : Buy 14400 pe at 103 sl of 89 tgt 146
12:02 Shai : Add inti the PE if 11470 breaks
12:02 Shai : else we will cover there’
12:03 Shai : 14536 and down- (11:32) Shai : 14540 is where the new selling came(11:33) Shai : we respond closer to 14520- 40
12:05 Raghav : Add inti the PE if 11470 breaks ?
12:06 Anand : add into*
12:07 Shai : yes
12:07 Shai : 14470 has some cover orders again
12:08 Shai : Just to break the Orderflow from open to you guys – the sellers have opened shorts at 14640 yesterday when we took that 14600 pe at 3 and then at 14620 today and now at 14540. meanwhile another set of players are covering at 14520 early off open and now at 14570 at 11.15 am
12:09 Shai : hence I mentioned dual auction
12:09 Shai : we have to choose levels and sides and trade accordingly
12:09 Tejpreet : +1
12:10 KK : RB in bnf ?
12:11 Shai : exit at 107 here – (12:01) Shai : Buy 14400 pe at 103 sl of 89 tgt 146
12:12 KK : time to go long in bnf ?
12:12 Shai : yes 0’s- (12:01) Shai : Buy 14400 pe at 103 sl of 89 tgt 146
12:13 Uttam : 31538 was an ext handle in BNF on 5th Jan
12:18 KK : Now, if we go for that 580, would be great
12:18 KK : NF
12:28 Shai : If we crack below 14470 which is the seocnd rouynd of buying we should fall to 14330 by close
12:28 Shai : expecting liquidation if tat buyer gives up
12:29 Shai : else upto 14580 again
12:29 Ankush Jain : ready with 14400 pe
12:29 Sunil : can we enter 14400 PE again ?
12:29 KK : dhoka period shifted to G
12:29 Shai : is flat here and didn’t get red band so exited
12:29 Amit : not yet rb still ?
12:29 Shai : go with red band below 14470
12:30 Chandrashekhar : similar tpo’s at top and VAL now
12:30 Chandrashekhar : NF
12:31 Shai : Last 2 weeks positional weekly players have been chopped 14200 to 14600
12:31 Shai : both sides
12:36 Surya ganti : approaching 470 NF
12:36 Tejpreet : 470 tested
12:37 Amit : crack to come!! that 14772 guy
12:37 Uttam : that 661 stuck green in BNF at 31720 giving this move lower
12:39 Chandrashekhar : 470 gone looks
12:39 Rajeshwarrao : no red band
12:39 Chandrashekhar : +1
12:40 Sunil : 470 given up?
12:41 Chandrashekhar : near DL for both
12:41 Ankush Jain : RIL down today after the run up
12:42 Sanjiv : no red band :(12:39) Chandrashekhar : 470 gone looks
12:42 Sanjiv : though neg cot
12:43 Chandrashekhar : yes, may be below DL we get a good sell signal
12:43 Uttam : 21511 coming
12:43 Uttam : 31511*
12:44 Chandrashekhar : bnf gets new lows
12:45 Tejpreet : 425 and so much pump 😉
12:45 Uttam : 🙂
12:45 Uttam : no red band so no sellers
12:45 Rajan Modi : look at the 0’s in that bar
12:45 Uttam : so chote nawab hi raja
12:45 Sanjib : time for SC?
12:46 Tejpreet : yes no red band was +1
12:46 Sumeet : well fought, shri 470
12:46 Sanjib : yes, could only manage 119 to 123 in that 14400 PE
12:47 Uttam : yes Sanjib I also scratched that PE from 121-124
12:47 Sanjib : 🙂
12:47 Anand : so next target 14580 ?
12:47 KK : Shai, now for 580 ? PEs are not going up ?
12:48 Uttam : 14521 first then IBL then vwap
12:48 Uttam : long way to go NF has
12:48 Uttam : 14521 – IBL first
12:49 Sanjib : 31538 is giving good support #BNF
12:50 Sumeet : abki baar ?
12:50 Uttam : 31450 is the 6day comp VAH in BNF
12:50 Uttam : from whcih it moved away on 5th JAn
12:50 Sanjib : time for a contra? small token?
12:50 Tejpreet : blue bands missing for a while , sleep mode till they come.
12:53 Ankush Jain : buyers sellers doing ping pong
12:53 Viswas : global market melting
12:53 Uttam : (12:50) Uttam : 31450 is the 6day comp VAH in BNF
12:53 Uttam : 767 stuck red in NF?
12:53 Sanjib : +1 UG
12:54 KK : bnf finished
12:54 Ankush Jain : no bands
12:54 Ankush Jain : & NF is cracking
12:55 Uttam : 2 IB done
12:56 Uttam : big fight on here
12:56 Uttam : buyers keen to defend
12:57 Uttam : (11:33) Uttam : BNF now on for that VPOC of 31338 Shai?
12:57 Uttam : BNF has red band
12:58 Uttam : 0s at 31540 ref
12:58 Uttam : doom doom
12:58 Rajan Modi : look at the vols here
12:59 Viswas : 14330 active shai?
12:59 Rajeshwarrao : no bands yet
13:00 Uttam : aaya kya? – (11:33) Uttam : BNF now on for that VPOC of 31338 Shai?
13:00 Uttam : NF needs reds at 14416
13:00 Uttam : lower 30min level it is
13:00 Uttam : 31333 in BNF
13:01 KK : 333 in NF ?
13:02 Uttam : notice how BNF got red band and that break of 30min lower level of 31492 led to this move
13:03 Tejpreet : BN 900 done in H only
13:04 Favas : ug ref?
13:04 Favas : bnf
13:05 Uttam : (11:39) Uttam : look where BNF stopped in this move higher – 31749.8(12:37) Uttam : that 661 stuck green in BNF at 31720 giving this move lower
13:05 Uttam : see how 31750 worked so beautifully
13:06 Uttam : red band ends in BNF plus obj of 31338 done Favas
13:06 Uttam : 31450 ref on upside here
13:07 Vishnu : after a long day gap finished with 6 dt nearly
13:07 Sunil : 14400 PE 107-140 done
13:07 Sumeet : this is deep fried fryday
13:07 Uttam : above it can go for that ext handle of 31540
13:07 Uttam : congo V
13:07 Favas : tnks
13:07 Uttam : nice one Sunil +1
13:07 Uttam : on downside below 31330 can go for 31200-160
13:08 Uttam : NF going for vpoc of 14310 looks like
13:08 Uttam : 14450 ref on upside here
13:08 Uttam : break of 14410 needed with 0s
13:08 Tejpreet : plenty of time for 310 🙂
13:09 Ankush Jain : no red bands
13:09 Ankush Jain : no IS
13:09 Chandrashekhar : no fresh sell i guess..longs themself sre liquidating looks like…
13:10 Tejpreet : I think some issue with NF bot …not getting data ?
13:10 Tejpreet : last signal 12 .05 bar
13:13 Swapnil : finally red bar in NF!
13:14 Uttam : 31250 was the first ext handle on that day 5th Jan
13:15 Prashant : so bnf expected to corss that VA?
13:15 MJ : you saving it by 0.45 ug? 🙂
13:16 Uttam : not me those day’s buyers are 🙂
13:16 MJ : Amazing MP is! /\
13:16 Rajiv Ohri : BNF ko 450 le chalen
13:16 Uttam : below that we have 31124 & 31011 which open up
13:17 Uttam : shorts vovering here in BNF looks like
13:17 Uttam : coverin*
13:19 Ankush Jain : really fast moves today
13:19 Uttam : preparing us for the bidget day 🙂
13:20 Ankush Jain : 2 trades in morning & now watching from sidelines
13:20 Chandrashekhar : H extn handle negated in NF
13:22 Uttam : RB at 14400 gave this – (13:08) Uttam : 14450 ref on upside here
13:22 Viswas : volume abv 1cr, still 2hr left
13:23 MJ : Peekaboo to vwap?
13:23 MJ : nf?
13:24 Tejpreet : green band needed MJ
13:24 MJ : waiting. TP in with 377 sl.
13:24 Tejpreet : +1
13:25 Uttam : BNF could not get above VWAP since it broke this level and has given a 500 point move lower from here – (10:23) Uttam : BNF 31749 here'(10:23) Uttam : below that gets weaker
13:26 Himanshu : Chief – 30 mt Joine me requires adjustment pls
13:30 Shai : sell signal came late
13:30 Shai : but valid below 14470 now
13:30 Sunil : looks 450 held up .. Can we enter fresh shorts here
13:30 Chandrashekhar : SL for 14400 PE shai?
13:30 Uttam : BNF looks like want to go for 31125?
13:31 Shai : 14400 pe can do 190 plus here cmp 140 sl is a bit deep at 103
13:31 Shai : we see if we get a better entry in that
13:32 Uttam : 757 red in NF at 14410
13:32 Sumeet : closer to 125 would be a good entry on that 14400 pe ?
13:32 Shai : Buy 1 part here
13:33 Shai : yes 123- 128
13:33 Shai : (13:32) Sumeet : closer to 125 would be a good entry on that 14400 pe ?
13:33 Shai : Auctio had those 2 big buyers at 14450 and 1470 from tuesday open and hence the stall here
13:37 Shai : Add if 160 is crossed in that 14400 pe
13:37 Uttam : (13:30) Uttam : BNF looks like want to go for 31125?
13:37 Shai : should zoom to 190
13:39 Tejpreet : what timing chief +1
13:40 Uttam : aaya kya? – (13:30) Uttam : BNF looks like want to go for 31125?
13:40 Siddhesh : ++
13:40 Shai : seklling could intensify guys
13:40 Shai : stay short
13:40 Shai : 14235 outer estimate for close now
13:40 Ankush Jain : SL for 14400 pe?
13:41 Shai : stay with same for now
13:41 Shai : will update
13:42 Tejpreet : ID NF SL now 440 Shai ?
13:43 Shai : 4545 though 485 is safee
13:44 Shai : sl at 119 for the 1440 pe full positiin
13:44 Shai : tg reveised to 202 cmp 158
13:44 Tejpreet : tks Chief
13:45 Ankush Jain : we have a buy & green band
13:46 Amit : let candle clsoe
13:46 Ravi : Discretion ?
13:46 Shai : it’s dual auction day- expected to have greens
13:47 Shai : but seller now dominant here below 14480
13:47 Shai : look at 14330 as detination 1
13:47 Shai : we give up if 14480 F is crossed
13:48 Shai : hoold at 119 that 14400 pe and ride
13:48 Ankush Jain : yups
13:49 Shai : getting interesting
13:49 Shai : Another 100 cut below 14330 is the trdae and the dessert
13:49 Ankush Jain : 🙂
13:50 Vishnu : shai ur banknf levl?
13:51 Shai : for BNF check with Uttam’s views above
13:52 Shai : 30766 doable swing v=wise on spot
13:52 Uttam : +1 Shai
13:52 Uttam : below 31080 in fact 30338 opens up I feel in BNF
13:53 Shai : has singles there n the swing up in dec last week
13:53 Shai : 20th dec
13:53 Ankush Jain : UG will have tough time today to fit in after market charts
13:54 Uttam : lol that head ache is Shai’s thanksfully;-p
13:54 Vishnu : +1 shai and ug
13:54 Chandrashekhar : 0 candles…
13:54 Chandrashekhar : like we have 0-watts bulb
13:55 MJ : +1 c
13:55 MJ : K in under 19 mins.
13:55 Uttam : (13:14) Uttam : 31250 was the first ext handle on that day 5th Jan(13:16) Uttam : below that we have 31124 & 31011 which open up
13:55 Uttam : 31134 so far
13:56 Chandrashekhar : VIX rising
13:56 Chandrashekhar : as Uttam said Budget event ka feel aready in mkt
13:56 Uttam : Budget is on Monday na
13:56 Uttam : mew month
13:57 Uttam : New*
13:57 Chandrashekhar : feb st..but discussions/sessions starts from 27th
13:57 Chandrashekhar : Feb 1st*
13:58 Uttam : ext handle coming?
13:58 Prashant : lao
13:58 Uttam : K ke liye waiting
13:59 Ankush Jain : yesterday saara kaand L mein hua
13:59 Uttam : KL could kill it today 😉
14:00 Prashant : as long as it is not a V reverse
14:00 Chandrashekhar : that 14400 PE writers not shaking much….holding @ 22L
14:00 Uttam : 14400ce being written but
14:01 Chandrashekhar : yes
14:01 Uttam : almost doubled in last hour
14:01 Chandrashekhar : CE Oi is increasing..PE is somewhat fighting back
14:01 Uttam : must be the PE writers who are getting into the CE to balance it
14:01 Amit : now it comes or goes!!!
14:03 Shai : Reduce some size at 162 here in 14400 pe
14:03 Shai : we will add again on the dip
14:04 Vidhyasagar Lingesan : too fast tat was
14:04 Surya ganti : yeah
14:04 Chandrashekhar : 170-133 that pe dipped in 2 candles
14:05 Shai : 118 maintain as sl
14:05 Shai : Add back 136 here
14:06 Shai : 118 as sl
14:08 Shai : I know it”s been pacy
14:08 Shai : but we can’t tell the market to slow down
14:08 Shai : we have to make the change
14:08 Prashant : bnf doing it better
14:08 Tejpreet : +1 system order in place at refrences
14:08 Vidhyasagar Lingesan : Uttam shd toal to market!!
14:08 Vidhyasagar Lingesan : talk
14:09 Shai : get 170 now in that PE
14:11 Prashant : K in 3
14:14 Shai : reduce again at 159. sla ta 128 now on rest
14:14 Shai : 160- 170 is a small barrier
14:14 Shai : we can trade through that
14:14 Shai : hold at 128
14:17 Shai : stay nimble 128 sl
14:17 Shai : fryday
14:17 Shai : no chances taken
14:19 Shai : speedo 190 and 208
14:19 Shai : so it’s diff
14:19 Shai : very diff
14:19 Chandrashekhar : difficult to break below you men Shai?
14:19 Chandrashekhar : or highly volatile??
14:20 Shai : diifficult to trade
14:20 Chandrashekhar : +1
14:20 Shai : speedo under 100 is easy
14:21 Shai : At 200 you have to twice as quick
14:21 Ankush Jain : in high pace accidents can happen if not careful
14:21 Tejpreet : options are too jumpy have moved to 14k feb monthly pe.
14:21 Shai : indeed
14:21 Chandrashekhar : and those could be lethal one
14:21 Shai : now you know why I have speedo on all charts
14:21 Shai : just tells you to adjust
14:21 Surya ganti : ok what is speedo?
14:21 Ankush Jain : +1
14:22 Ankush Jain : in 30 m chart, speedo says 190. It means vols are 190% of past 3 days average at that time
14:24 Chandrashekhar : SL taken
14:24 Swapnil : SL Hit –
14:24 Surya ganti : SL hit
14:24 Shai : exit the PE
14:25 Shai : can creae SC
14:26 Shai : hope all exited
14:26 Shai : no taking chances on friday
14:26 Ankush Jain : yes
14:26 Rajeshwarrao : yes
14:26 Sanjiv : +1
14:26 Adnan : yes
14:27 Uttam : +1 Shai booked that PE at 169 and sitting quiet as week has been good 🙂
14:27 Sumeet : shai – for a completely mental day like today, your and Uttams guidance has been breathtaking. Tip of the hat to you both
14:27 Uttam : _/\_ all credit only to Shai
14:27 MJ : +1 sumeet!
14:28 MJ : driving through the fog.
14:28 Uttam : 14400ce writers could get a scare here
14:29 Uttam : all of a sudden they find themselves in tourble
14:29 MJ : vwap after one sl hit on 377. phew!
14:29 Swapnil : FIIs woke up with their money bags
14:29 MJ : context was prev week buyers coming back in system.
14:29 Uttam : Friday moves
14:30 Prashant : exited and then 443 to 472…
14:33 Uttam : K leaving a PBH?
14:34 Uttam : rejection from VWAP in NF
14:34 Shai : whip
14:34 Chandrashekhar : new lows for NF?
14:36 Sumeet : bnf almost there
14:37 Tejaswini : SC can come?
14:38 Tejaswini : or new lows?
14:41 Shai : for 14370 now sl abv 1480
14:41 Shai : 14480*
14:43 Chandrashekhar : K done..shaked up shorts
14:47 Shai : ignoire this – exit if in position- (14:41) Shai : for 14370 now sl abv 1480
14:47 Shai : we will scale out here
14:47 Shai : take a fresh view mon
14:51 Ankush Jain : too pacy moves
14:51 Shai : _/\_- (14:27) Sumeet : shai – for a completely mental day like today, your and Uttams guidance has been breathtaking. Tip of the hat to you both
14:52 Ankush Jain : fully agree
14:52 Sanjiv : +100
14:52 Shai : we start with ‘ not losing money to silliness” opportunities to make money will keep coming
14:52 Sumeet : +100000
14:53 Ankush Jain : yups. So stopped trading in this whacky market yoday after 2 good trades
14:54 Ankush Jain : Monday will be another day
14:54 Tejpreet : 3.05 last move to decide NC or NE Close.
14:54 Shai : All of next week will be like this – very 2 way
14:54 Prashant : I would make consistent profilts if I could do that…Ankush
14:55 Shai : re modify your sizing etc over the weekend and gear up to bat on pacy wickets with helmet on 🙂
14:55 Surya ganti : yes sir!
14:55 Ankush Jain : Be like Pujara
14:55 Sumeet : true… trading accounts should come with itchguard… resist the itch to take silly trades
14:55 Surya ganti : just wondering, someone new.. what should be your daily target as a %?
14:55 Surya ganti : lol sumeet 😀 😀
14:55 Shai : Infact I mentioned that last friday as well and put it out oin twitter also
14:55 Shai : https://twitter.com/Am_Shai/status/1350055129119035392?s=20
14:56 Surya ganti : i remember that tweet.. i signed up after your last weeks tweets!
14:56 Sanjib : @Shai – view for Jan expiry on NF
14:58 Shai : Hope you had a good week – (14:56) Surya ganti: i remember that tweet.. i signed up after your last weeks tweets!
14:58 Shai : still 14200- 14600 – (14:56) Sanjib : @Shai – view for Jan expiry on NF
14:58 Sanjib : Thanks Shai
14:58 Shai : but extension either side to be tracked
14:58 Surya ganti : yes chief!
14:59 Surya ganti : it’s still very confusing and new.. half of what you guys speak makes no sense
14:59 Aditya09 : fabulous week shai infact fabulous month uptill now thank u for walking us through
14:59 Surya ganti : except buy, sell, exit xD
14:59 Uttam : Tej forming a NeuX once again today
14:59 Uttam : forcing*
14:59 Tejpreet : 😉
15:00 Shai : This week was expecting 14190 spot/ 14220 F but we ran short of it and climbed. Then though 14666 was end but we ran 100 higher
15:00 Shai : so you can never be sure with ranges as new money gets trapped at extremes
15:00 Chandrashekhar : 3.05 move coming for 370?
15:00 Swapnil : Such pingpong should invite a higher VIX, no?
15:00 Uttam : yes new lows cometh
15:00 Uttam : looks like
15:01 Surya ganti : 14400Pe above 150
15:01 Chandrashekhar : 190 doable?
15:01 Sanjib : 14370
15:01 Uttam : 14310 coming?
15:02 Aditya09 : 132- 162
15:02 Ankush Jain : move came late
15:02 Sanjib : huge candle this one
15:02 Uttam : (14:33) Uttam : K leaving a PBH?(14:34) Uttam : rejection from VWAP in NF
15:02 Shai : +1
15:02 Shai : congarts to all
15:02 Ankush Jain : had a good week
15:02 Tejpreet : Uttam 3ib /310 today or monday
15:02 Ankush Jain : hopefully a good week ahead too
15:03 Uttam : we have the time to get done with it today
15:03 Sanjib : 3:05 started early
15:03 Uttam : PE did not make new highs
15:03 Shai : can drop more
15:03 Uttam : ab kargea
15:03 Tejpreet : aane do
15:04 Uttam : BNF 31123 finally ;-p
15:04 Amit : 370 hit ….. thnx Shai.
15:04 Ankush Jain : 14400 pe did’nt move much though
15:04 Chandrashekhar : no new highs in that yet..but moved
15:04 Amit : 400 pe 46-64 done still!
15:07 Uttam : that 14400pe was a fresh buy above 140
15:07 Uttam : hit 163
15:07 Tejaswini : still buy here?
15:07 Uttam : nope
15:07 Chandrashekhar : that OI still @ 22 Uttam
15:07 Uttam : could have booked 50% & trailed rest to cost for a NeuX close
15:07 Amit : yeah…
15:07 Uttam : yes C
15:08 MJ : Lows in UG?
15:08 Uttam : looks like Tej booked his PEs
15:09 Rajiv Ohri : Day low close?
15:10 Tejpreet : yes Uttam just few monthly feb 14k pe left.
15:10 Uttam : cool 14291 is the 2atr tgt from todays FA
15:10 Tejpreet : +1
15:10 Shai : +1 Uttam
15:10 Shai : was just goping to ask that
15:10 Uttam : 🙂
15:10 Tejaswini : +1
15:10 Shai : I think 14200 comes first now
15:11 Shai : 14190 spot
15:11 Uttam : yes missed it on Tuesday this week
15:11 Uttam : as shorts got trapped in that gap up
15:11 Chandrashekhar : 330 possible for close Shai?
15:11 Shai : 360 has to break for tat
15:12 Shai : 370 was detination once that flip happened but fryday came in the way
15:12 Shai : congarts to all who held though
15:12 Shai : nice work
15:13 Amit : timed the exit at 2.01 and reentered
15:13 Tejaswini : @Shai can we hold PEs? Both BNF and NF
15:16 Shai : hold feb
15:17 Swapnil : These last alternating red green candles
15:18 Uttam : crazy premiums in Feb cos of budget I suppose?
15:18 Uttam : weekly is around 250 & monthly arnd 375
15:18 Chandrashekhar : yep..same thoughts uttam
15:18 Uttam : post 1 feb all fall down 😉
15:21 Tejpreet : better to spreads then as OTM will fall faster post budget.
15:21 Rajeshwarrao : UG premiums fall down or markets
15:21 Uttam : premium R
15:22 Tejpreet : weekend decay plus tue holiday so be careful of premium.
15:22 Shai : +1
15:22 Uttam : yes next week Tuesday also holiday
15:22 Uttam : +1 Tej
15:22 Shai : New Prez in US wants to show he is working also
15:22 Uttam : lol
15:22 Shai : so some moves may come
15:22 Uttam : first day itself so many orders he passed
15:22 Shai : though thankfully now on twitter
15:23 Shai : not*
15:23 Uttam : lol 🙂
15:23 Ankush Jain : twitter Prez is gone
15:23 Ankush Jain : 🙂
15:24 Shai : I was listening to trump give his parting speech at the airport, and he still talked of the stock market highs
15:24 Uttam : his world revolved around it
15:24 Uttam : poor guy could not tweet when it made new ATH
15:24 Uttam : while he was still in office
15:25 Aditya09 : hahaah ug
15:25 Tejpreet : ATH done and now Biden going for his CE sl 🙂
15:25 Uttam : 🙂
15:25 Uttam : NEuX it is
15:25 Uttam : in NF
15:25 Uttam : BNF also close at lows
15:26 Ankush Jain : NeuX does’nt give follow ups usually
15:27 Ankush Jain : right UG?
15:27 Shai : 🙂
15:27 Anand : trend day today… NeuX is considered?
15:27 Aditya09 : yest waala gave
15:27 Anand : its not neutral right
15:28 Uttam : yes but gap down will be an exception
15:28 Aditya09 : +100
15:28 Uttam : NF back to back NeuX
15:28 Uttam : thanks All 🙂 have a wonderful weekend
15:29 Shai : Have a good evening and a happy weekend
15:29 Tejpreet : Bye All.
15:29 Shai : rest up- catch up all on Mon
15:29 Aditya09 : thanks all happy weekend
15:29 Sumit : Happy weekend guys
15:30 Amit : when is webinar?
15:30 Sanjiv : next week
15:30 Ankush Jain : Thursdays
15:30 Amit : okies….
15:30 Amit : bye!
15:37 Himanshu : Bye all