A good trader is a one who can make money consistently over a longer period of time. But how to become one such trader, who can make money in any type of market condition? A good trader keeps a close watch on the current information of the market and assesses it for change against previous information. You see current information through an Order Flow chart.
Order Flow can show how a collection of market participates has acted in the past and this helps to create profit by knowing if these traders are profitable or caught upside down.
NF
BNF
Room Chat
08:56 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/490096957
08:56 Rahul : Morning
08:57 Vtrender Live : 5 ,om charts – https://join.me/581-633-798
08:58 Vtrender Live : 5 min charts of BNF password vtrender- https://zoom.us/j/8647757118?pwd=czdxcVdrZ2MvbkhpUUpFenBJK3dDZz09
08:58 Nirmal : gm mitron
09:01 Giridhar Gowravajhal : GM all !!!
09:01 Aditya09 : GM ALL
09:02 Shai : GM all
09:03 Shai : Ref line for the open of today is at 11200 with support back at the earlier ref line of 11107
09:03 Shai : balance is in motion as we discussed in the webinar yesterday
09:03 Shai : expect this to center around 11140
09:04 Shai : second supp for day is 11075 which houses the earlier buyer from wed afternoon
09:04 Shivakumar : Happy Morning to everone
09:04 Rohan : GM All
09:04 Avinash : GM everyone
09:05 Rahul : Yes shai, 11107 and 11075 both will act as good support from our last three days actions . Thanks
09:05 Shai : Hope everyone had a good session yesterday and enjoyed the webinar. If you want to leave feedback do write to me on shai@vtrender.com . Can also write on what you want to know more about the markets and we can convert that into topics for the coming sessions
09:05 Shai : do write back over the weekend
09:05 Vishnu : yes shai
09:05 Ankush Jain : sure’
09:06 Aditya09 : sure sir
09:06 Avinash : sure Shai
09:06 Nirmal : yes shai sir
09:06 Himanshu : GM Chief, I missed the session
09:07 Himanshu : and Dont know how to catch up,,
09:07 Himanshu : Any friend here – can post – highlight on Slack – Tricks of trade /Random Channem
09:07 Himanshu : Will be grateful.
09:09 Amar Ramsinghani : GM All
09:10 Tejpreet : GM All.
09:12 Uttam : Good Morning All 🙂
09:12 Kaustubh : GM All
09:12 Suren : GM All
09:13 Sachith : Good morning everyone… happy trading
09:15 Adi : Good Morning all
09:16 Shai : The move we waited for yesterday afternoon came at the open 🙂
09:16 Shai : Anyways..
09:16 Rahul : yep
09:16 Ankush Jain : no music today
09:19 Shai : ref line down to 11160 for the open where we saw yesterday extension
09:19 Shai : 11200 remains imp and is supply
09:19 Shai : let’s see if the matrket can sustain abv 11160 now
09:20 Shai : vol per min was 3X in that bar compared to yesterday’s closing hour
09:20 Shai : speedo up at 180
09:20 Ankush Jain : yes
09:21 Anuj : GM everyone
09:21 Avinash : A period los is similar to 3 day A period lows
09:22 Shai : +1
09:23 Shai : Ability to do an extension to watch
09:23 Sanjib : @Shai – can we have the August contract in the 30 minute pane please
09:23 Shai : sure
09:23 Ankush Jain : so we trade at REs today?
09:23 Sanjib : Thanks
09:23 Ankush Jain : if any??
09:24 Nirmal : open trype open drive down
09:24 Nirmal : ?
09:24 Rajesh G : tdy nifty looks open drive
09:24 Rajesh G : ?
09:25 Shai : RIL top gainer
09:25 Ankush Jain : at around 2100
09:25 Ankush Jain : Shai font is small in charts today
09:26 Prashant : Font is ok, else becomes too spread out, i think
09:27 Adi : You can zoom in and zoom out in Webinato window
09:28 Kaustubh : can anyone telll me what are the while lines in TPO chart
09:28 RajeshN : bnf for 22580 ?
09:29 Prashant : why is it showing 2 vwap levels of 11119 and 11141
09:29 Vishnu : shai same a low last 4 days
09:29 Sanjib : @Kaustubh – those are Value Areas
09:29 Shai : have added Aug charts to 30 min in room. Fpor JUly 30 min values refer to the 30 min link
09:29 Sanjib : Thanks Shai
09:30 Kaustubh : thanks sanjib
09:30 Shai : no volumes come in aug for BNF , so trade July also for BNF
09:30 Shai : BNF gets vol for next contract only on wed/.thurs
09:30 Prashant : got it
09:31 Munish : Sellers leading the trend? High volumes for the last 15 minutes.
09:32 Sanjib : As per Uttam’s report – staying below 11200 can lead to a possible visit to 10921, the FA point in the coming sessions
09:32 Rahul : Just In: China ask US to close Chengdu consulate .
09:34 Prashant : stuck
09:34 Ankush Jain : ye to chalega
09:35 Kaustubh : not refreshing
09:37 Prashant : The yellow lines, I dont know, what these are…stairs like
09:38 Uttam : Value area for the day
09:38 Uttam : developing
09:38 Prashant : ok thanks
09:38 Nirmal : infy 916
09:41 Uttam : BNF low so far 22622.25 – b) The auction accepting below 23100 could test 23027 / 22961-916 / 22820-777 & 22686-623 & 22569
09:42 Chetas : that China consulate news closure was expected yesterday night itself, As US talked louder yesterday… china could respond only in the dya
09:43 Ankush Jain : yellow lines are value area lines?
09:43 Sanjiv : RIL above 2100….it’s like a runaway train 🙂
09:44 Boppanna : 49K green BNF trying to stall
09:45 Munish : Open type?
09:45 Uttam : OA in both with BNF looking weaker
09:45 Uttam : as staying below PDL
09:45 Uttam : vols in both just about average
09:46 Munish : Alright, thanks
09:46 Rahul : reliance holding Nifty
09:50 Munish : What does it imply? IB, High COT, good volume but still red.
09:50 Shai : OAIR in singles of yesterday
09:50 Ankush Jain : yes
09:50 Ankush Jain : buyers holding it means of yesterday
09:53 KK : ICICI results tomorrow, otherwise greens will not appear in bnf, is it ?
09:57 Ankush Jain : We got a gap down, but after that bothe buyers & sellers seem to be in balance. So what can we say about IB. Who is stronger?
09:58 Adi : quite even I suppose as of now
09:59 Uttam : let IB get over so that we can see if there is a tail t any end – right now B right in middle of A in NF but lower part in BNF
09:59 Uttam : 11140 ref in NF
10:00 Ankush Jain : ok thanks
10:00 Uttam : NF abv vwap but BNF beloe
10:00 Ankush Jain : right now buyer>seller in NF & vice versa in BNF?
10:01 Uttam : acceptence in singles mean supply coming in NF too
10:01 Uttam : we should have got rejected
10:01 Ankush Jain : ok
10:05 Prashant : BN moves are cleaner, maybe ex-RIL,
10:07 Govind : Shai, crazy vols in RIL – already around ~4X of PD IB levels
10:07 Govind : cash charts
10:11 Vyom : Uttam what is support level for BNF?
10:13 Uttam : b) The auction accepting below 23100 could test 23027 / 22961-916 / 22820-777 & 22686-623 & 22569
10:13 Uttam : 22569
10:13 Vyom : thanks Uttam
10:14 Uttam : below 22569 fresh leg down
10:14 Vyom : with icici results tomorrow, the support may hold i feel
10:14 Vyom : atleast for today
10:18 Shai : +1- (10:07) Govind : Shai, crazy vols in RIL – already around ~4X of PD IB levels
10:18 Shai : it’s re- reated
10:18 K2dt : next zone chief for RIL?
10:18 Shai : It’s the enxt amzn/ tesla
10:18 Shai : re-rated
10:18 Vishnu : banknifty next support to watch shai
10:18 Govind : +1 Shai
10:19 Rahul : feel like watch reliance chartr and trade NF
10:19 Rahul : lol
10:19 Uttam : Gov is doing exactly that these days 😉
10:20 Shai : 2170 may p[roduce son=me supply
10:20 Vishnu : nifty getting support from ril move
10:20 Govind : True that Uttam, ‘trade what trends’ right!!
10:20 K2dt : +1 chief
10:20 Uttam : yes bro, what matters is green MTM
10:20 Vishnu : +1 ug
10:21 Shai : if you see anything near thgat 1940 zone again buy for 2350
10:21 K2dt : +100 chief
10:21 RajeshN : screen gone ?
10:21 Uttam : room charts blank
10:22 Shai : back?
10:22 Govind : Cool Shai, thanks
10:22 RajeshN : yes
10:22 Govind : yes
10:22 Uttam : yep
10:24 Shai : refilling data – please stand by
10:25 Shai : what is the bias here guys per the rules we know?
10:25 Uttam : wow NF has IBS in all 🙂
10:25 Rahul : All IBs in chart
10:25 Tejpreet : with these kind of IB tght 11400 coming
10:25 Rajesh G : sellers in bnf and nf balance
10:26 Rajesh : bias ….neutral?
10:26 Himanshu : Chief – Bias is as per rule – is -VE
10:26 Maxis : South
10:26 Himanshu : Trading Below – Yday – VAL
10:26 Shai : describe the process guys
10:26 Rajesh : no RE,near vwap,singles A
10:26 Shai : process imp
10:27 Himanshu : OPEN – OAIR –
10:27 Himanshu : Tarding below – YDay VAL
10:27 Sanjib : Open – Neutral; Below VWAP – down bias; RE – awaited
10:27 Himanshu : VWAP
10:27 Himanshu : High Volume
10:27 Anuj : We wait for break of Vwap with IB
10:28 Maxis : BNF, ORR / OAIR, trading below PDL & VWAP.
10:28 Anuj : then target IBH
10:28 Shai : prefect Sanjib – (10:27) Sanjib : Open – Neutral; Below VWAP – down bias; RE – awaited
10:28 Shai : perfect**
10:28 Sanjib : _/\_ Shai
10:29 Shai : And when it is indecisve as today is, we have to zone out a few days and look at the composite
10:29 Shai : And composite is a balance now
10:29 Rajesh : thanks shai….A singles on both sides confused me
10:30 Anuj : RE in C has to validated with volume
10:30 KK : Infy also above 920..might support RIL in keeping NF here
10:36 Sumeet : whoaa bnf
10:37 Irfan null : c side extension in bnf
10:37 Tejpreet : There was a 1L sell in bn looks like he covered.
10:37 Sumeet : profit booking ?
10:38 Adi : someone has been following UG’s levels in BNF
10:40 Prashant : below 11090 now
10:40 Tejpreet : Days labour done .
10:40 Uttam : 22500pe from 350-429 50% booked
10:40 Anuj : +1 uttam
10:40 Vishnu : next stop in bnf ug
10:41 Prashant : and D set to start
10:41 Avinash : +1 Tej and UG
10:42 Tejpreet : tks Avinash
10:42 Tejpreet : +1 Uttam
10:42 Uttam : congo Tej
10:43 Uttam : big RE in BNF for C period
10:43 Uttam : 22585 extension handle for now
10:43 Boppanna : Congts Tej & Uttam
10:43 Uttam : d) Breaking below 22569, it could fall to 22454-340* / 22278-170 / 22080 & 21980-930
10:43 Uttam : 22456
10:43 Shai : breaks below 11104 now
10:44 Uttam : break of that would get the VPOC of 22340
10:44 Shai : no longs till we get abv 11105
10:44 Favas : shai intra levels ril?
10:44 Favas : futures
10:44 Uttam : (09:45) Uttam : OA in both with BNF looking weaker
10:44 Tejpreet : tks Uttam and Bops …bn behaving well
10:46 Vishnu : done with 2 dt
10:48 Tejpreet : +1 Vishnu
10:48 Avinash : +1 Vishnu
10:48 Rajan : +1 Vishnu
10:51 Prashant : With RE down, D moving beyong C, shouldnt we be looking for shorts?
10:52 Anuj : uttam this was C period , what made your probability higher for taking teh trade?
10:52 Jitender : 504 imp in bnf
10:52 Jitender : as ST pivot
10:53 Jitender : n 430 below it…below tem u cn get good liquidation
10:54 Vishnu : no cot supports here for shorting
10:57 Prashant : ok
10:58 Vishnu : bank dpoc shifted to 22561
10:59 Jitender : 411 (10:53) Jitender : n 430 below it…below tem u cn get good liquidation
10:59 Tejpreet : BN Flawless moves
11:00 K2dt : 138-161 11150 pe
11:00 Uttam : I took that PE at 09:34 Anuj – (10:52) Anuj : uttam this was C period , what made your probability higher for taking teh trade?
11:00 Uttam : did mention here that BNF is weak
11:03 Anuj : ok thnx Uttam
11:03 Tejpreet : Uttam bot is asking for extended hypos Nf.
11:03 Uttam : so sorry
11:03 Uttam : d) If 11066 is taken out, NF could fall to 11022-010 / 10967*-940 / 10921-913 & 10880
11:04 Tejpreet : tks
11:06 Uttam : 22380 so far – (10:44) Uttam : break of that would get the VPOC of 22340
11:06 Anuj : down move over?
11:07 Adi : No RB/IB yet
11:09 Adi : hovering around second support of 11075 as mentioned by Shai in morning
11:11 Anuj : 2IB done
11:12 Anuj : more extension it might stay here for some time
11:12 Sanjib : Anuj – 2IB is 11036
11:12 Anuj : BN
11:12 Irfan : where 2 ib done Anuj?
11:12 Sanjib : BN is 22260
11:14 Anuj : 22350
11:14 Seshadri : 11040 is 2IB
11:15 Anuj : m wrong
11:16 Uttam : @Shai 30mins BNF chart in room has dissappeared 😉
11:16 Rajesh G : 2ib has be 11093.90-108.20
11:16 Rajesh G : so it should be 10985
11:17 Uttam : you need to calculate from IBH Rajesh
11:17 Uttam : not IBL
11:17 Rajesh G : ok
11:18 Uttam : from IBL will give you 3 IB
11:20 Shai : test
11:20 Vishnu : it will
11:20 Uttam : thanks Shai
11:20 Vishnu : expecting 21953 and 10985
11:21 Shai : Anyone here on the D extension short trade?
11:21 Shai : tiem to take profits
11:21 Sanjib : yes and closed as well
11:21 K2dt : no chief..cot in green
11:21 Shai : D played out the xtension with the IS
11:22 K2dt : also low vols
11:22 Shai : holding 11050 can reverse back to 11110
11:22 Shai : yes not a high confidence sell
11:22 Shai : but you don’t get high confidence moves in a balancing market
11:23 Shai : that’s why it is called a balance
11:23 Uttam : booked out completely in that 22500pe at 450
11:23 K2dt : spot onchief
11:23 Uttam : had placed next booking at 501 but stalled at 499
11:23 Uttam : above 500 new leg in that
11:25 Irfan : in case of gap down like today if IB is positive what is the bias for today?
11:27 Shai : we don’t have a sing;le IB from the opem
11:27 Shai : open and 9.35 were IS
11:27 Shai : follwoed by IS in C
11:27 Shai : 3 of them in C
11:27 K2dt : 6 IS so far chief
11:27 Irfan : i meant initial balance
11:28 Shai : Intra – Buy NF abv 11091 sl of 11067 tgt 11121
11:28 Shai : Inital balance was neutra; today, very flat
11:30 Uttam : above 11093 NF can do 80% in 3-day balance
11:31 Irfan : Thank you shai
11:33 Uttam : https://mplite.vtrender.com/?symbol=NIFTY_E30-07-2020&tf=daily&tpo=6&ll=&ul=&sp=1&startDate=06-07-2020&endDate=&nDays=0&idstr=&dstr=10.1.3&rst=0&iam=
11:33 Uttam : chart of the 3-day composite in NF
11:36 Shai : +1
11:37 Shai : https://mplite.vtrender.com/?symbol=O_NIFTY11000PE20200730_NIFTY11200CE20200730&tf=daily&tpo=1&ll=&ul=&sp=1&startDate=&endDate=&nDays=8&idstr=&dstr=_8&rst=0&iam=
11:37 Shai : And chart of 11000 pe- 11200 ce
11:37 Shai : which is attracting volumes
11:37 Shai : they know what we know
11:37 Shai : that that is a balance
11:38 Shai : that still can drop 30 points into clsoe
11:38 Prashant : Is it ok to buy below VWAP?
11:38 Uttam : 159 SL for day in it Shai aggressive one?
11:38 Uttam : conservative 178?
11:38 Shai : 171
11:38 Uttam : thanks
11:42 Shai : NF 11105 book half- (11:28) Shai : Intra – Buy NF abv 11091 sl of 11067 tgt 11121
11:42 Shai : sl at 11090 on rest
11:42 Uttam : awesome contra trade Shai
11:42 Vishnu : nf vwap test done
11:42 Tejpreet : +1 Shai
11:43 Avinash : +1 Shai
11:44 Shai : conservative will wait abv vwap for neutral day- (11:38) Prashant : Is it ok to buy below VWAP?
11:46 Prashant : ok. But this is also good, a move towards VWAp, and book some there.
11:47 Uttam : new lows coming?
11:48 Uttam : below 11093 NF remains weak
11:48 Uttam : BNF already wezker since open
11:48 Shai : exit the balamce
11:49 Uttam : no where near VWAP which is now near the extension handle of 22560
11:50 K2dt : no IB still
12:00 Rajesh G : test
12:00 Adi : first IBs of the day
12:00 K2dt : yes Adi
12:01 K2dt : now need to pierce through that vwap
12:02 K2dt : chief what’s IBDOP 11093?
12:03 Shai : BNF dpoc down
12:04 Shai : watch 22546 in G for short closure
12:04 Shai : 22560*
12:04 Shai : why?
12:05 Aditya09 : c extension?
12:05 Vishnu : exactly 22415 vah of 20/7 which is the balance day
12:05 Rajesh G : ext handle
12:05 Maxis : HVN
12:05 Shai : IBL and day open both there – (12:02) K2dt : chief what’s IBDOP 11093?
12:05 JayJ : IB above DPOC
12:06 K2dt : +1 chief
12:06 Vishnu : imp ref for bnf 22415-22420 below that more down
12:06 Shai : perfect
12:06 Shai : extension handle of the last leg down
12:06 Shai : shoorts stya in till we are below it though some have already clsoed
12:07 Bommareddy : Shai U mean BNF 22560 or 22460
12:07 Uttam : 22560
12:07 Bommareddy : ok
12:07 Vishnu : 22415 blw can touch 22269 can tag . ug?
12:07 Uttam : todays extension handle
12:07 Uttam : see on MP chsrt
12:09 Bommareddy : Got It thanks Uttam & Shai
12:09 Maxis : Sorry, did’nt get that. Why 22560?
12:09 Prashant : 22560 is in middle of C
12:09 Aditya09 : its ib low of the day
12:11 Prashant : IB low is 22585
12:11 Maxis : IB low of the day is 22585
12:11 Bommareddy : Correct me if wrong Uttam, For Prasannt 22560 is open and end of Period B
12:12 Maxis : 22560 is cause of the TPO model. But that is not the IB LoD.
12:15 Shai : can use 22585 alos
12:15 Shai : 15 points is 1 tick in BNF these days
12:16 Shai : yes the tpo chart gives one quick view of the extension handles via a blue horizontal line
12:16 Maxis : so 22585 cause of the IB Low?
12:17 Maxis : thus to watch for short closures above it?
12:20 Shai : yes
12:21 Shai : next set of longs abv vwap only
12:21 Maxis : ok TY
12:21 Shai : no contra now
12:21 Shai : was trading for a quicky push abv IBL anmd vwap but not worked out
12:22 Shai : bias back with selelrs
12:22 Ankush Jain : 2IB tgt to look out for?
12:22 Shai : no new postions
12:23 Ankush Jain : ok thanks
12:24 Maxis : Chief, can we get the recordings for the webinar of yest? i missed it cause of family work.
12:25 Uttam : BO session are not recorded Maxis
12:28 Maxis : :{
12:29 Prashant : I can send a few points i wrote down, if it is not against some rule/policy etc.
12:31 Uttam : 22560tag coming in BNF?
12:31 Maxis : Yes Pal, pls do share, on Slack, same handle.
12:31 Maxis : That OK UG?
12:31 Uttam : oh yes surely more than ok 🙂 please share it in #learning-strategies channel Prashant so that all can benefit
12:32 Maxis : Great. TY
12:32 Prashant : Ok, i will do that on weekend, once i figure out how to use slack..
12:33 Kaustubh : i can send something for the time being
12:33 Kaustubh : if that helps
12:33 Kaustubh : posted
12:33 Uttam : awesome Kaustabh
12:33 Uttam : thanks
12:33 Uttam : learning together & growing is the best way to keep inproving
12:34 Uttam : improving*
12:34 Kaustubh : yeah 2nd day in the room….. need to grow but will come with time
12:34 Kaustubh : right now just absorbing
12:35 Maxis : Thanks for helping out. I will post some stuff too. things that i observed worked consistantly.
12:36 Kaustubh : cheers
12:36 Uttam : BNF rejecting from 22475 weekly IBH
12:38 Uttam : 22420 break can bring new lows in BNF
12:38 Jitender : see the fite here (10:53) Jitender : n 430 below it…below tem u cn get good liquidation
12:38 Tejpreet : +1
12:39 Uttam : gone
12:39 Uttam : 22340
12:39 Jitender : 🙂
12:39 Uttam : another 1L guy
12:39 Tejpreet : f… just took a pe and boom
12:39 Jitender : +1
12:39 Ankush Jain : BN dooom doom
12:39 Tejpreet : Shai bn refresh
12:39 Anuj : +1
12:40 Jitender : m in from 470 booked half at 360
12:40 Uttam : in a flash – (12:38) Uttam : 22420 break can bring new lows in BNF
12:40 Tejpreet : +1 Uttam
12:40 Tejpreet : Congrats Jit
12:40 Jitender : cheers mate
12:41 Rahul : any open position , i was awayk . Thanks
12:42 Tejpreet : So now we know who causes the 0’s ……Jit covered half his positions at 360 bn 🙂
12:44 Shai : +1 Jit
12:44 Shai : Lot size 25 in BNF today?
12:44 Vishnu : yes
12:44 Jitender : tx chief …..
12:44 Uttam : yep Shai
12:44 Jitender : ys
12:44 Shai : good
12:44 Avinash : +1 Jit
12:44 Shai : shoukd be back t0 40
12:44 Anuj : monthly expiry has 25
12:45 RajeshN : bnf big cot
12:45 Jitender : chck the greens trapped at 507 guys……tats were i shorted ..in tat bar
12:45 RajeshN : with IS
12:45 Ankush Jain : NIfty should be 50 then by BN logic
12:45 Jitender : k (12:44) Shai : shoukd be back t0 40
12:45 Jitender : tx Avinash
12:46 K2dt : nice trade Jit 🙂 congo
12:46 RajeshN : 23k pe paused at 800..despite 50 point fall no move
12:46 Jitender : tx K
12:47 Anuj : jit what is 507??
12:47 Prashant : 22507
12:47 Jitender : all out 350 (12:40) Jitender : m in from 470 booked half at 360
12:47 Shai : 11060 to watch in H
12:47 Prashant : very nice jit
12:47 Jitender : tx P
12:48 Anuj : can some one tell the logic for liquidation below 430
12:48 Prashant : Had to open zoom chart just to check that. Very nice, that
12:49 Tejpreet : Shai your views on that 2 1l bn …mix orders /SL/booking ?
12:49 Jitender : +1
12:49 Jitender : Anuj..lvl marked in my charts since 20th July
12:49 Bhavani : an array of zeroes in BNF below DPOC
12:50 Himanshu : 50K – in NF red stuck I guess
12:50 Himanshu : No follow thru
12:50 Anuj : ok jit
12:50 Ankush Jain : same story of stuck buyers in NF too at 11104? in 11:55 bar
12:50 Uttam : BN Spot did not make new lows
12:51 Himanshu : Took Spot at earlier low
12:51 Nirmal : shai sir//can we carry put till next thrusday
12:51 Himanshu : 22418
12:51 Nirmal : US bond mkt is very tight again now
12:54 Jitender : 11070 v imp…n Shai also highlighted it i morn (09:04) Shai : second supp for day is 11075 which houses the earlier buyer from wed afternoon
12:54 Vishnu : nirmal still day pendong man. waiting till 3 pm .
12:55 Rajesh G : bnf dpoc down
12:56 Vishnu : MP lite not updating @suyog
12:57 Uttam : it is working fine Vishnu
12:57 Vishnu : ok ug some refresh done now ok
12:57 Uttam : refresh the page once & check
12:57 Aditya09 : 2 ibs
12:58 Nirmal : ok vishnu bhai
12:59 Anuj : 560 to come now?
13:01 Uttam : above 22475
13:01 Anuj : ok
13:02 Kaustubh : 22475 is the yesterdays extension right
13:03 Uttam : yesterday low was 22703
13:04 Kaustubh : sorry my bad
13:05 Aditya09 : 20 k buyers stuck?
13:06 Aditya09 : exited
13:19 Shai : yes – (12:54) Jitender : 11070 v imp…n Shai also highlighted it i morn (09:04) Shai : second supp for day is 11075 which houses the earlier buyer from wed afternoon
13:20 Shai : dpoc should also move down here 11070-11080 any time now
13:22 K2dt : yes chief been spending way too much time here
13:25 Uttam : 22469 high so far – (13:01) Uttam : above 22475
13:25 NeerajS : cant see the trading room charts
13:25 NeerajS : any issue?
13:25 Uttam : charts are fine Neeraj
13:25 Uttam : try refreshing
13:27 Ankush Jain : NF in 22 points range for last 1 hour
13:27 RajeshN : while following IB what the minimum bullish COT one should watch
13:29 Shai : 20 more can come abv 11100
13:29 Irfan : it was rejected twice from vwap
13:30 Shai : 40 k is good- (13:27) RajeshN : while following IB what the minimum bullish COT one should watch
13:30 RajeshN : thanx
13:32 Ankush Jain : Shai yesterday profile was P shaped and today it is developing as b shaped. Visually they look like balancing each other. We can infer from shape that the market is balncing?
13:33 Shai : yes
13:34 Shai : Alternating P and b are signs of balance. It’s a core MarketProfile principle
13:34 Nirmal : yday short coverng n today long liquidation
13:34 Nirmal : caution ahead right shai sir
13:34 Ankush Jain : I just noticed it and the act of balncing was quite visible
13:34 Shai : All late traders frustarted. they thought they will get another 400 points in 3 days
13:35 Ankush Jain : the narrow range of market for past 1-2 hours is an act of balacing?
13:36 Shai : it is called a micro balance or MB
13:36 Ankush Jain : ok, thanx
13:37 Ankush Jain : this act of imbalane is the reason mkt did’nt tag 2 IB after RE down as yet
13:38 Seshadri : shai target 1124?
13:38 Seshadri : nifty target 11124
13:40 Fenil : @Shai – What we saw that day, the low of 10800 and you mentioned that 10800 can be visited next week. Ih has been observed that once market marks a level like this it gets visited. From your experience, what do you think about such trades?
13:41 Shai : we get a visit to 10800 and I’m confident of that. This balance is a pause before the next leg
13:41 Fenil : We also saw in march when NF was 10300 and 9800 low was made by a fat finger trade at 9800 and that level reached withing next week. Just a coincidence or is there some theory to it?
13:41 Shai : that had nothing to do with the false tick
13:41 Shai : generally the market revisits the breakout point
13:41 Vishnu : +1 shai
13:41 Ankush Jain : but false ticks often get visited
13:42 Shai : so that is expetced and part of the auction process
13:42 Anuj : +1
13:42 Shai : timing we have to manage
13:42 Shai : I’ll be ready whever this balance completes
13:42 Fenil : yes. Just asking in genral. that false ticks and market visiting those levels is coincidence?
13:42 Shai : view was for next week – and still good
13:43 Shai : they do viisit
13:43 Shai : but I don’t think anyone has backtested that as it cannot be done
13:43 Shai : just observation data from old timers
13:43 Fenil : hmmm
13:47 Munish : if VWAP breaks in NF, is there a trade?
13:48 Uttam : 22560 here
13:48 Shai : For 11120 niow
13:48 Shai : sl 11077
13:48 Seshadri : NF 11126
13:48 Tejpreet : Shai in a flash +1
13:48 Ankush Jain : already in a blink
13:48 Rahul : big
13:48 Anuj : 158-189 23100 ce
13:48 Rahul : cudnot eveen enter
13:48 Irfan : already 20
13:48 Seshadri : I was expecting this upmove
13:48 Shai : (13:29) Shai : 20 more can come abv 11100
13:48 Ankush Jain : 2lk + buyer in NF
13:48 Irfan : no time to enter
13:49 Munish : That was too quick
13:49 Aditya09 : couldnt enter
13:49 Shai : big buyers
13:49 Rahul : big guys
13:49 Tejpreet : vaacine mil gayi kya 🙂
13:50 Irfan : it is going north still
13:50 Aditya09 : whr can we reneter?
13:51 Maxis : tagged IBL
13:52 Himanshu : Holly shit
13:52 Himanshu : Haha
13:52 Maxis : Never understood that. How come shit is Holy?
13:52 Himanshu : I have not seen such Green for long
13:53 Himanshu : haha
13:53 Himanshu : I am proud Gujju – so take my english with some love
13:54 Maxis : I am straight Sindhi Bro.
13:54 Uttam : and I am Indian 🙂
13:54 Shai : Intra – Buy NF 11114 l of 11092 tgt 11144
13:54 Shai : sl *
13:55 Himanshu : Chief – BnF has any strength above VWAP as
13:55 Himanshu : Greens are not much – Not balanced yet
13:56 Maxis : in
13:56 Shai : go abv IBL
13:56 Prashant : Price weaknes here could trap those buyers??
13:57 Rahul : Those greens should be able to hold it
13:57 Himanshu : Ok Chief – Thx
13:57 KK : ab ICICI bank reverses full to we dont kow..anything possible above 384
13:58 Shai : that first order in 12.45 is SL
13:58 Shai : second is the buyer
13:58 Sanjib : 13:45 Shai?
13:58 Himanshu : 389 Is possible in ICICB
13:58 Shai : buyers are there from 1 pm hence was expecting that 20 pointer abv vwap to 11120
13:58 Rahul : 22.6k is SL right ?
13:58 Shai : This current trade has been taken with o’s as support
13:59 Shai : we have discussed that here – the impact of 00’s
13:59 Prashant : yes
13:59 Maxis : 12:45, yes
13:59 Shai : 11131 book half – (13:54) Shai : Intra – Buy NF 11114 l of 11092 tgt 11144
13:59 Avinash : The 2L is SL or 25K is sl in that bar
13:59 Shai : sl at 11107 on rest
14:00 Shai : clean and easy #Orderflow trade
14:00 Ankush Jain : +1
14:00 Uttam : once we started to get the IBs in both NF & BNF wiith dPOC shifting lower, PLR had changed to up
14:00 Prashant : Just one thing. 0s in middle work as support?
14:01 Irfan : great practical example of zeroes, Thank you Shai
14:02 Sanjib : Target done
14:03 Uttam : above 22623 BNF can give frsh move higher
14:03 Ankush Jain : exit longs?
14:03 Prashant : still IB though
14:03 Shai : tgt done bnook full- (13:54) Shai : Intra – Buy NF 11114 l of 11092 tgt 11144
14:03 Sanjib : +100 Shai
14:03 Uttam : objective dona na Ankush
14:03 Uttam : always good to book profits
14:03 Anuj : +1 shai
14:03 Uttam : will keep getting more trades
14:03 K2dt : 106- 134 10100ce
14:03 Avinash : +1 Shai
14:03 Aditya09 : +1 shai
14:04 Aditya09 : 11100 122-136
14:05 Maxis : Great trade that. Will analyse it later today.
14:06 Kaustubh : Shai can you explain the logic behind the trade
14:06 Maxis : The reason for target 11144? Day high?
14:07 Maxis : Let me try.
14:08 Vishnu : otf stopped shai in bnf?
14:09 Nirmal : LLTseen at 13.50 ..226050
14:09 Nirmal : buy side
14:09 Maxis : Chief saw a good Buy order down below, near 11070/80, and saw a Sl for the corresponding volume via order book. buyers kept stacking up, the spike move printed plenty of 0’s, so whe the gravy train got loadded, entered buy with Sl below those 0’s.
14:09 Maxis : what say UG?
14:10 Nirmal : 44k LLT at 14:00
14:10 Munish : No 2IBs today, either side?
14:11 Munish : Is that characterstic of a balanced market?
14:12 Rahul : boom
14:12 Prashant : wth
14:12 K2dt : zeroes ki leher
14:12 Rahul : high of 11195
14:12 Kaustubh : what happened here shit
14:12 Sanjib : NF is acting like BNF today
14:12 K2dt : big buy covered looks like
14:12 KK : someone’s sl TAKEN 2 LAC
14:13 Jitender : worked well 🙂 (13:19) Shai : yes – (12:54) Jitender : 11070 v imp…n Shai also highlighted it i morn (09:04) Shai : second supp for day is 11075 which houses the earlier buyer from wed afternoon
14:13 K2dt : this one comment made my DT Jit 🙂
14:13 Jitender : glad to help K
14:14 Uttam : @Tej this hypo was not triggered at all after you asked for the bot 😉 – (11:03) Tejpreet : Uttam bot is asking for extended hypos Nf.(11:03) Uttam : d) If 11066 is taken out, NF could fall to 11022-010 / 10967*-940 / 10921-913 & 10880
14:14 Jitender : post tis was overcum..bnf also ran (10:53) Jitender : n 430 below it…below tem u cn get good liquidation
14:14 Jitender : just mark both in charts
14:15 Tejpreet : Yes Uttam above 120 was clean ride
14:15 Nirmal : k2dt big buy covered ? where do u see ?
14:15 Adi : also SHai’s observation in BNF that DPOC had moved lower to 420
14:15 Uttam : 11066 holding was the sign in NF that downside done in D itself, BN spot also did not make new lows
14:15 Uttam : no RE post D period in NF
14:15 Sanjib : Two similar 73125 figures at 11173 and 11196.45
14:16 Sanjib : Neutral Day today; Trend Day on Monday?
14:17 Uttam : 22500pe made a double top at 499 today and had fallen back to 330 from there
14:17 Uttam : from a DD down BNF now forming a ‘b’
14:17 Nirmal : shaiif i read correctly, this is last rall going onfor shortly term
14:17 Uttam : if 22680 taken out can even close as a bell by end of day
14:18 Avinash : UG these 000 are the end of auction or fresh longs here
14:19 Shai : today J killed before K !
14:19 Jitender : 🙂
14:19 K2dt : https://vtrender.slack.com/archives/C0F2VRTPW/p1595580572061100
14:19 Rahul : and many got killed in that process
14:19 K2dt : thnx team VT… +100
14:19 Seshadri : I made high of 11196.50
14:20 Uttam : check this out – (11:30) Uttam : above 11093 NF can do 80% in 3-day balance(11:33) Uttam : https://mplite.vtrender.com/?symbol=NIFTY_E30-07-2020&tf=daily&tpo=6&ll=&ul=&sp=1&startDate=06-07-2020&endDate=&nDays=0&idstr=&dstr=10.1.3&rst=0&iam=
14:20 Irfan : what does the multiple zeroes in that candle does it indicate resistance?
14:20 Maxis : that 73125 LLT at 11196 is gone?
14:20 Seshadri : shai in next webinar please focus on DPOC
14:20 Uttam : 3-day comp VAH was at 11178
14:20 Tejpreet : +1 Uttam
14:20 Sanjib : +1 Uttam
14:20 Uttam : neat 80% done though it did go back below 11093 again
14:22 Avinash : Shai are these 000 end of the up auction?
14:22 Maxis : More like 4-day comp. the earlier day is also elgulfed?
14:24 Shai : yes diff to get abv 11200 now- (14:22) Avinash : Shai are these 000 end of the up auction?
14:24 Nirmal : can someone confirm 14:10 LLT at buy side 89950 why blue line is not high lighted there
14:25 Nirmal : 89850
14:25 Avinash : Thanks
14:25 Nirmal : ?
14:26 Nirmal : that is max concentration shai
14:26 Nirmal : uttam ?
14:26 Maxis : cause the sum of Sellers volume and buyers volume is not the highest of the bar for that row.
14:26 Nirmal : what is blue value both side tell me
14:26 Nirmal : it is blurr for me
14:26 Nirmal : may be higher than this then
14:29 Ankush Jain : yVAL tagged already. VAH coming?
14:30 Maxis : 89850+9075 < 14495 + (6 digit figure)
14:30 Aditya09 : k new high?
14:30 Tejpreet : 0's done, looks like some news coming up
14:30 Shai : goiing to neutral
14:30 Sachith : 22720 again crucial BNF??
14:30 Ankush Jain : REliance results after market
14:30 Tejpreet : Maybe NE to PDH
14:30 Nirmal : neutral extreme
14:31 Nirmal : ?
14:31 Uttam : (14:03) Uttam : above 22623 BNF can give frsh move higher
14:31 Uttam : another 100 done
14:31 RajeshN : reliance results shifted to next thursday
14:31 Nirmal : shai bN buy now ?
14:31 Uttam : mota bhai wants to close his Jul positions 😉
14:33 Shai : 11145 supp
14:33 Vishnu : neutral now nirmal
14:34 Nirmal : ok
14:34 Nirmal : thx visnu
14:35 Nirmal : now today n orev 2 days ..we have overlapping profile
14:35 Nirmal : to some extent
14:35 Nirmal : day before double dist..yday P today b
14:35 Avinash : 9 Green stocks vs 41 red in Nifty
14:35 Avinash : Only REL moves
14:36 Nirmal : mota bhai game is only game in town
14:36 Maxis : Dhoni mara.
14:37 Shai : breoken
14:37 Sachith : doom doom coming in bnf?
14:37 Shai : vwap coming
14:38 JayJ : What great expereince of balance profile – and your commentary in advance shai
14:38 Shai : down 70- (14:24) Shai : yes diff to get abv 11200 now- (14:22) Avinash : Shai are these 000 end of the up auction?
14:38 Shai : Again 0's
14:38 Tejpreet : DL NE other side now 🙂
14:38 Avinash : +1 Shai
14:39 Shai : 11113 old 0's supp
14:39 Shai : can swing either side now
14:42 Shai : 11165 trailing for shorts
14:42 Shai : Abv that 11200 again
14:44 Shai : came back exct to these buyers – (13:58) Shai : second is the buyer
14:45 Shai : big boys bouncing the ball around
14:45 Adi : +1 between the 2 POC
14:46 Rahul : This is insane markeys to exprience for me
14:46 Nirmal : shai we shud buy put into close it will be at high 11180 around
14:46 Maxis : u r not alone Rahul
14:46 Nirmal : waiting for command in chief announcement
14:47 Rahul : yep.. but today moves were …huh ? huh ?
14:47 Shai : These 0's you see on chart will keep appearing as algo trading takes off in this country
14:47 Irfan : stopped
14:47 Shai : they are just system orders which go market
14:47 Vishnu : next will be interesting shai ?
14:48 Shai : wants to psuh for 11200
14:48 Shai : but I want to clsoe here
14:48 Maxis : what u mean "takes off", algos started by 2009 and some stats say market alreay 35% by algos.
14:48 Shai : too much tussle
14:49 Vishnu : as nifty almost in balance rnge frm 11022-11220. and bnf 22000-23200 . icici give us good or badd result . lets kill the oneside in next week
14:49 Shai : no algo market is just 3%
14:49 Vishnu : bye all as 3 dt almost done so afternoon no trade only watching doing
14:49 Prashant : what do you mean by "system orders which go market" and why should they appear as zero?
14:50 Maxis : No. I'll get back to you with this.
14:50 Nirmal : vishu 3 dt meams
14:50 Nirmal : 2xIB
14:50 Nirmal : 3xIB u mean
14:50 Maxis : they were limit orders first and then converted to market orders. @ prashant
14:50 Nirmal : Dt means ?
14:51 Shai : It's a big topic Prashant
14:51 Shai : some other days we will take it up
14:51 Swapnil : Congrats vishnu!.
14:51 Prashant : But that is true for many orders
14:51 Prashant : ok shai
14:51 Shai : I'll have to explain Blackpools , Dix, gex and that is very deep orderflow
14:51 Nirmal : np
14:51 Shai : let it lie for now
14:52 Maxis : take it up in one of the webminars, pls.
14:52 Aditya09 : next webinar?
14:52 Rahul : Shai can u please increase font size
14:52 Rahul : Thanks
14:53 Maxis : @ Prashant, share the note of yest's webminar at slack this weekend. TY.
14:54 Prashant : Kaustbh did. I wrote couple of extra points on slack.
14:54 Maxis : Great. Thanks
14:55 Shai : market debating neutral or neutral extreme here
14:55 Aditya09 : newtral extreme
14:55 Shai : tej decides
14:55 JayJ : NX
14:55 Nirmal : +! for neutextreme
14:55 Nirmal : plus 1
14:56 Shai : one look at 11200 can f=go 11222 also
14:56 Irfan : got stuck in shorts today
14:59 Shai : there was no short once vwap was crossed in NF / BNF today
14:59 Shai : if doing counter trend always smaller size and smaller stops
14:59 Irfan : ok
14:59 Shai : never trade momentum amd counter momentum with same size
15:00 Adi : Shai was timely to cut shorts at the bottom around 11075-80
15:02 Tejpreet : Golden words Shai …smaller stops is apramount.
15:08 Shai : +1
15:08 Shai : Tej where you want close?
15:08 Adi : UG's level for NF was 11066, today;s NF low 11062 –
15:09 Adi : Amazing Uttam
15:09 Ravi : there is a FA in NIfty right
15:09 Tejpreet : Shai 1212
15:10 Tejpreet : 11212
15:10 Adi : BNF weak
15:10 Tejpreet : will buy around 11055-50
15:12 Shai : I'm done guys
15:12 Shai : hope everyone had a good week
15:12 Tejpreet : yes chief
15:12 Shai : And are profitable
15:13 Shai : keep learning. keep earning
15:13 Sanjiv : +1
15:13 Vishnu : perfect week shai
15:13 Uttam : +1 Shai
15:13 Shai : have a good restful weekend
15:13 Rohan : +1 Shai
15:13 Vishnu : yes
15:13 Aditya09 : buy shai
15:13 Uttam : np FA as we stayed below IBL for more than 30 mins – (15:09) Ravi : there is a FA in NIfty right
15:13 Giridhar Gowravajhal : Thanks Shai !!!
15:13 Aditya09 : bye shai
15:13 Uttam : _/\_ – (15:09) Adi : Amazing Uttam
15:13 Anuj : Bye shai
15:13 Shai : reminder for feedback – (09:05) Shai : Hope everyone had a good session yesterday and enjoyed the webinar. If you want to leave feedback do write to me on shai@vtrender.com . Can also write on what you want to know more about the markets and we can convert that into topics for the coming sessions
15:13 Ravi : thanks Uttam
15:14 Shai : Tc all.
15:14 Shai : have a good safe weekend
15:14 Sanjiv : have a nice weekend all
15:16 Ankush Jain : yesterday it was all about 11170 and look lik we will be closing here
15:18 Sachith : bye everyone… have a nice weekend
15:19 Ankush Jain : Today #Reliance traded value is 11280 crs so far highest ever in the NSE history for a particular scrip.
15:19 Giridhar Gowravajhal : wow
15:22 Ankush Jain : make it 11582
15:25 Tejpreet : Bye All
15:27 Anuj : Bye all
15:28 Rohan : Bye All
15:28 Avinash : Bye everyone
15:29 Giridhar Gowravajhal : Thanks Uttam !!! Bye all !!!
15:30 Uttam : thanks All 🙂 have a lovely weekend & be safe
15:31 Rahul : Remain safe guys
09:04 Shai : (09:03) Shai : Ref line for the open of today is at 11200 with support back at the earlier ref line of 11107(09:03) Shai : balance is in motion as we discussed in the webinar yesterday(09:03) Shai : expect this to center around 11140(09:04) Shai : second supp for day is 11075 which houses the earlier buyer from wed afternoon
09:12 Uttam : a) NF needs to sustain above 11220 for a rise to 11245 / 11268-280 / 11304-317 & 11350
09:12 Uttam : b) The auction below 11200 can test lower levels of 11172 / 11135-121 / 11090 & 11066
09:41 Uttam : a) BNF needs to sustain above 23120 for a rise to 23160*-230 / 23313-370 / 23414-440 / 23510 & 23630
09:41 Uttam : b) The auction accepting below 23100 could test 23027 / 22961-916 / 22820-777 & 22686-623 & 22569
10:38 Uttam : d) Breaking below 22569, it could fall to 22454-340* / 22278-170 / 22080 & 21980-930
11:03 Uttam : d) If 11066 is taken out, NF could fall to 11022-010 / 10967*-940 / 10921-913 & 10880