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
09:54 Shai : (09:54) Shai : Intra- short BNF below 29240 sl of 29333 tgt 29120 . cmp 29175 short below
10:21 Shai : (10:21) Shai : Make exits in the BNF trade at 29235- 240 cost here
10:56 Shai : (10:56) Shai : Intra- short BNF again 29330 sl of 29410 tgt 29220
11:30 Shai : (11:30) Shai : BNF stoppeed Out. Make exits
12:24 Shai : (12:24) Shai : Intra – Buy 29300 pe at 203- 04 sl of 160 tgt 285.
12:53 Shai : Book the PE in minor profits at 218
13:55 Shai : (13:55) Shai : Intra – short NF 11306 sl of 11330 tgt 11255
14:20 Shai : (14:20) Shai : Exit the NF at 11325 cmp
09:03 Vtrender Live : option charts – https://global.gotomeeting.com/join/379238389
09:05 Vtrender Live : 30 min chart- https://join.me/291-432-284
09:05 Krishan : gm all
09:07 Shai : GM all
09:08 Shai : https://vtrender.in/market-profile-analysis-dated-25th-july/
09:09 Bhavani : good morning SHai. Iam a new member joiing today
09:09 Bhavani : Good morning all
09:10 AN : Good morning all..
09:10 AN : Welcome Bhavani…
09:10 Sumit : unable to open analysis link
09:12 Uttam : Good Morning All 🙂
09:13 Uttam : Its opening na Sumit?
09:13 Uttam : welcome to VT Bhavani 🙂
09:17 NP : keep an eye on USD INR
09:18 Uttam : 1atr tagged in that from yesterday’s FA
09:18 Uttam : Shai can continue to hold long for 69.4 level?
09:18 Shai : bnf thru value
09:19 Shai : look for 29050
09:19 NP : Nifty spot heading for 11166?
09:21 Shubro : 29000 PE 200 to 219
09:22 Govind : +1 Shubro
09:22 Govind : First ball six 🙂
09:23 Shubro : are the charts stuck?
09:24 Gaurav : not here, fine
09:24 Shai : reversed from VAL
09:24 Govind : fine
09:24 Shubro : i get out quickly Govind lol
09:24 Shubro : as in cricket
09:24 Govind : bang bang and out
09:24 Govind : 🙂
09:24 Shai : what’s up BNF?
09:24 Shai : 🙂
09:25 Govind : ICICIB Shai
09:25 Uttam : USDINR once again unable to sustain the gap up Shai?
09:25 Govind : it reversed and BNF too
09:25 Shai : hmm
09:25 Uttam : book the longs in USDINR or can hold?
09:26 Anubhav null : shorts trapped at open
09:26 Shai : book once Uttam
09:26 Shibu null : LIC
09:27 Uttam : booked Shai 🙂 thanks
09:31 Shubro : 29100 PE 195 to 210
09:35 Shai : welcome Bhavani- wish you the best on the new journey- (09:09) Bhavani : good morning SHai. Iam a new member joiing today
09:35 Anubhav null : vwap shud hold now
09:35 Anubhav null : for upmove
09:36 Shubro : everyone hoping for a reversal 🙂
09:36 Uttam : looks like 2 forces fighting it out there
09:37 Uttam : can result in a big move first week of the series?
09:38 Shai : yes
09:38 Shai : esp BNF
09:38 Uttam : 11300ce being written in this upmove?
09:38 Shai : we will let ot settle
09:38 Uttam : +1 Shai
09:38 Shai : first day of a new series
09:39 Anubhav null : big greens again
09:40 Anubhav null : gst meet tomorrow
09:41 Shai : NF wanting to come back into 2 day balance
09:42 Uttam : yes 11286 VAL of the 2day bal
09:42 Uttam : right now resisting at POC
09:42 Uttam : of the balance
09:42 Rushabh : uttam 80%?
09:42 Shai : 11269 sl for 11315
09:42 Uttam : half of it already done Rushabh
09:43 Uttam : above 11304 can go for 11328
09:43 Rushabh : yeah, poc again 11355?
09:43 Uttam : that poc was for Jul NF
09:43 Rushabh : so aug must be higher?
09:45 Uttam : 11400
09:46 Uttam : poc of higher balance
09:52 Himanshu : Reliance – O = H in spot and TCS O= L in spot
09:52 Uttam : opposite action in both, NF went below PDL and got rejected and BNF went above PDH and back to yesterday range
09:52 Govind : +1 Uttam
09:52 Uttam : Open Auction in both Shai? advertising for auction still
09:53 Govind : Bhavani, welcome to Room!! Good luck!
09:53 Himanshu : SPX & FRy DAy
09:53 Shai : avoid the NF longs
09:53 Shai : BNF weakneing
09:54 Uttam : yes Nifty spot also unable to stay above 11250
09:54 Uttam : looks like will leave singles at top
09:54 Shai : Intra- short BNF below 29240 sl of 29333 tgt 29120 . cmp 29175 short below
09:55 Boppanna : cmp 29275
09:55 Shai : cmp 29275**
09:55 Shai : Thanks Bopp
09:57 Bhavani : Im relatively new to the market profile charts..Kindly suggest where can i start to understand “reading the market profile charts” and the terminology used here
09:58 Uttam : hi Bhavani, you have lot of info in the wlecome mail with links given for each topic
09:58 Uttam : would suggest you go through them to start with & then we will take it from there
09:58 Sumit : in?
09:58 Shai : BNF in
09:59 Shai : loking for that nic elittle slice
10:00 Shai : NF for 11244
10:01 Shai : the uipmove was taken out by the 38K cot near 11288
10:02 NP : 29200CE ….. 210-192 ….. booked fully .
10:02 Shubro : 29100 PE 180 to 214
10:02 Shubro : +1 Naren
10:03 Govind : +1 Naren and Shubro
10:03 Shubro : Thx bro
10:03 Uttam : congrats Shubro & Naren
10:04 Shubro : yo Uttam
10:06 NP : Thanks Uttam ….. this was my 1st option writing trade
10:09 Shubro : Naren share learning…i always F*ed up writing
10:09 Bhavani : ok
10:11 Shubro : man what vol
10:14 NP : @Shubro …. I am still in learning process and doing it in very small quantity (my capital is very limited so i can’t do it in volumes) and most important thing is I have my predefined DT and DL ….. if either of them is achieved I stop trading for that particular day
10:15 Anubhav null : bulls trying to defend at dpoc
10:17 Uttam : NF has some eds stuck at 11265
10:17 Uttam : reds
10:18 NP : yes
10:19 NP : I think it’s going to be rangebound move till 1pm. ….. a major move either side will come only in 2nd half …… it’s a first day of expiry so staying away for few hours now …. let the dust settle
10:20 Anubhav null : tough fighting
10:21 Shai : Make exits in the BNF trade at 29235- 240 cost here
10:21 Shai : has gone very rotational with vwap/ dpoc centralised already
10:31 Uttam : BNF getting support at 2day VAH of 29222
10:31 Uttam : needs to break below & sustain
10:32 Uttam : below 29200 can give quick 150 points
10:34 Uttam : both have been coiling with B inside A and now so far C inside B
10:38 Anubhav null : uri baba
10:38 Anubhav null : 11340 coming?
10:38 Shubro : aaj upar dega
10:38 Uttam : dont think so
10:38 Shubro : aiya kyon?
10:39 Anubhav null : bulls have money today
10:39 Anubhav null : od limit mili hai
10:41 Anubhav null : nirmala bank se
10:47 Uttam : those stuck reds of 11265 being forced out here looks like
10:48 Uttam : Spot taggig that 11250 again
10:52 Uttam : bringing your algos early today Anubhav 🙂
10:52 Uttam : 0s at 11300
10:52 Uttam : and 29320
10:56 Shai : Intra- short BNF again 29330 sl of 29410 tgt 29220
10:57 Shubro : shorted shorted Shai!
10:57 Shai : auction completed on the 0 at 29360 + rotational nature of profile
10:58 Govind : +1 Shai
11:09 Govind : Zeroes in the same zone again
11:09 NP : sharp surge coming ….. 11300 spot on cards?
11:10 Shai : low liquidity
11:10 Shai : 340 zeroes got replaced
11:11 Shai : 3 lots traded at 418- son1’s Sl order
11:12 Rajiv : are we still in the BNF trade
11:12 Shai : yes
11:12 Shai : 6 lots actually
11:12 Shai : pullback to 340 due
11:14 Shubro : 240 u mean Shai?
11:16 Shai : we are behind in the trade now cos of that new zero at 340 IBH
11:16 Shai : if ut breaks we add
11:17 Govind : Super
11:17 Surinder Sihag : bnk nifty sl
11:17 Surinder Sihag : 29414
11:18 Govind : 10:56 Shai : (10:56) Shai : Intra- short BNF again 29330 sl of 29410 tgt 29220
11:18 Uttam : (09:43) Uttam : above 11304 can go for 11328
11:18 Uttam : NF high check 😉
11:18 Govind : Surinder, please look in chat box A for trade updates
11:18 Shai : we donlt enter SL after 10.30 ins ystem Surinder
11:18 Shai : will update if crossed over 410
11:19 NP : to the dot Uttam …… your hypos are simply awesome
11:19 Surinder Sihag : my sl happen
11:19 Uttam : _/\_ they are all derived from MP & OF Naren
11:20 Uttam : @Surinder between 10:30 to 1:30 please do not put SL in systems and wait for an update
11:21 NP : +1
11:21 Shai : Currentky there are only 6 lots traded abv 29410. We exit if it gets more volume abv 410
11:21 Surinder Sihag : ok i will note this for future
11:21 Uttam : 53k red in NF at 1132
11:21 Uttam : 11326
11:22 Surinder Sihag : my order for 3 lots and that happen 29415 on 11-10-16 time
11:22 Uttam : so 60 of that 120 is yours Surinder
11:23 Surinder Sihag : ya
11:23 Uttam : see they just swiped higher to take the SLs
11:23 Uttam : volumes are low in this phase hwihc is why it is advised not to place SL in system
11:23 Surinder Sihag : ok
11:24 Surinder Sihag : they just gone there for my SL
11:24 Uttam : +1
11:24 Uttam : when volumes are low this happens
11:26 NP : low volumes always create violent and volatile moves
11:30 Shai : BNF stoppeed Out. Make exits
11:31 Shai : anoter set of 0’s at 29400
11:32 Govind : SC happenin
11:32 Shai : yes’
11:32 Sijo : SC?
11:32 Shai : looks like a driven SC
11:33 Sijo : Selling Climax?
11:33 Shai : short covering
11:33 Govind : 29400 CE OI coming down now
11:34 NP : BN Spot may face some resistance around 29380 .
11:35 Uttam : NF does 1.5 IB to the dot
11:35 Uttam : 11332
11:35 Uttam : BNF missed it by 8 points so far
11:37 Uttam : 29468 is a vpoc in BNF so that can come
11:37 Uttam : poc of another 2 day comp
11:37 Govind : Not a good day so far for me, except for an overnight BNF long strangle which gave 2dt, but lost 3 dt in other trades. Waiting now.
11:38 Himanshu : Today is Fry Day
11:38 Uttam : BNF does 1.5 IB
11:39 Himanshu : Some people do nt trade
11:39 NP : BN Spot sustaining above 29380 will see sharp upsurge
11:40 Govind : Max pain has not moved in BNF, still at 29100
11:40 Uttam : yep and 29200 OI crossover also not yet happened
11:40 Govind : Yes Uttam
11:41 MJ : What dates uttam? (11:37) Uttam : poc of another 2 day comp
11:41 Uttam : mon-tue
11:41 Uttam : BNF gave a FA at 29512 there
11:42 MJ : Thanks 🙂
11:42 Uttam : 🙂 +1
11:42 Anubhav null : kargil rLly about to end?
11:43 Uttam : you have some insider news Anubhav dont you ;-p
11:43 Uttam : super reading yet again on this mvoe up
11:43 Jitender : wat rally 🙂 (11:42) Anubhav null: kargil rLly about to end?(11:42) Anubhav null: kargil rLly about to end?
11:44 Anubhav null : lol nah
11:45 Govind : Yeah, always talking about Nirmala, Amit….11:43 Uttam : you have some insider news Anubhav dont you ;-p
11:45 Govind : 🙂
11:46 Anubhav null : lol just for fun cnbc dekh dekh ke aadat ho gayi hai bakwaas karne ki
11:46 Anubhav null : reason for everything they have at endof the day
11:47 Rajiv : Jit how long is this bounce expected to last
11:47 Jitender : if 240 is not broken…couple of days
11:48 Anubhav null : bnf has a gap at 29700 arnd
11:48 Jitender : Dh shld b brkn and closes abv it
11:48 Rajiv : Oh ok Thanks
11:48 Jitender : just b with lvls
11:53 Anubhav null : ek dip towrads ibh in nf wud be good
11:55 NP : (11:09) NP : sharp surge coming ….. 11300 spot on cards?
11:55 NP : 11300 is here
11:56 Uttam : nice Naren +1
11:56 NP : now 29380 is the level to watch on BN Spot
11:59 Govind : Will BNF leave the new MB?
11:59 Govind : up?
12:03 Govind : has left the MB, but down
12:05 Anubhav null : shubro started selling again
12:05 Shubro : yep!
12:06 Anubhav null : thoko thoko
12:06 Anubhav null : vwap lao
12:12 Govind : Grinding on in BNF
12:12 NP : Spot Nifty needs to sustain above 11300 otherwise this pullback will fizzle out
12:13 Anubhav null : 11320 nf support uske niche dip
12:13 Anubhav null : push bears
12:13 Anubhav null : zeroes lao
12:15 NP : one good thing today though is the financials are leading the rally after a long time
12:15 Anubhav null : autos also.hoping for gst cut tomorrow
12:16 Anubhav null : 10 lakh job loss they have
12:16 Anubhav null : thretened govt
12:17 Himanshu : Gst Cut will not improve sales
12:17 Himanshu : iN Autos – there is grind for next 2 years
12:17 NP : I don’t think there is going to be any GST cut ….. they are already having GST shortfall every month (the target of 1.10LK is missing month after month) Cutting GST rates would be one more blunder
12:18 Himanshu : cause Demand was triggered in last 4 year based on low cost EMIs and quick finance which has dried up
12:18 Himanshu : Next blow up is Strong NBFC
12:18 Himanshu : Every Decade – Steroid dries out for 2 -3 Years
12:19 Shubro : momentum slipping
12:19 Himanshu : Auto – Market will be now balancing their profile of last 4 – 5 Years in next 2 Years
12:19 NP : +1
12:19 Shubro : autos are cyclical
12:19 Shubro : so wwe are in the downturn cycle
12:20 Himanshu : not Autos alone – Aircon, ELectrronics, Phones -Every thing on EASY EMI will dry up
12:20 Shubro : savings rate down so thats a big sign
12:20 Himanshu : Which is Healthy – yes
12:21 Himanshu : I mean we have come down from 29- 30 % to 17-18%
12:21 Himanshu : SIlver line is low infation
12:21 Shubro : macro wise wonder who the banks are going to lend to
12:21 Himanshu : if liquidity is tight with low interest rate
12:22 Himanshu : and Genuine demand to be catered is the way forward
12:22 Himanshu : easy liquidity has produced fradulant promoters
12:22 NP : that low inflation will blow up in no time if we have poor monsoon
12:22 Shubro : yeah Naren thats an accident just waiting around the corner
12:23 Himanshu : I think monsoon will catch up .. besides tight liquidity wil keep spending under check..
12:23 Himanshu : there is no great food inflation
12:23 Govind : I dozed off for a few mins, getting old
12:23 Himanshu : if crude remains whre it is .. or drift lower
12:24 Shai : Intra – Buy 29300 pe at 203- 04 sl of 160 tgt 285.
12:25 Himanshu : I mean Dealer is financed to keep inventory – Supplier is financed to produce- Ancillary is financed to supply- and with one salary slip consumer get loan which he cant pay – this is steroid
12:25 Anubhav null : dara diya na
12:25 Anubhav null : bulls ko himanshu
12:25 Himanshu : If Govind – we shall keep watch on Deustue bank
12:25 Anubhav null : gayi
12:26 Himanshu : That contagain crisis may deepen –
12:26 Govind : DB had a Q1 loss of some # billion Euro
12:26 Govind : 3 billion
12:26 Shubro : DB will lead the way i think
12:26 Shubro : 2020 crisis
12:26 Govind : crazy
12:26 Anubhav null : hmm
12:27 Shubro : the fii’s having same conversatiion like us
12:27 Shubro : 😛
12:27 Himanshu : there is 46 Tn worth of Derivative exposure – which is in huge draw down
12:27 Jitender : bhav bhagwan che !!
12:27 Shubro : hehe totally
12:27 Jitender : wats known can be priced in
12:27 NP : +1 Jit
12:27 Jitender : its the surprise wich shocks
12:27 Shubro : kala bhains
12:28 Shubro : sorry whats swan in hindi?
12:28 Jitender : google karo
12:28 Himanshu : and US may not be interrested ot support – greatly as good as they did in 2008
12:28 HPandey : swan is hans in hindi shubro
12:28 Himanshu : hain
12:28 Himanshu : Bhains and Hans
12:29 Shubro : Jit cmon haha
12:29 Shubro : room is google
12:29 Himanshu : Pandey ji Namslar
12:29 HPandey : namste bhai
12:29 Himanshu : Namskar !
12:29 Sumit : tread reason ?
12:30 Jitender : can anyone explain why mkts rallied after demo…..one of the biggest in 2017, were every fundamental went south ?
12:30 Sumit : trade*
12:30 Shubro : they though liquidity would rise
12:30 Shubro : itna paisa wapis aayega
12:30 Jitender : who…?
12:31 Gaurav : Trump power
12:31 Shubro : markets
12:31 Jitender : 🙂
12:31 Jitender : it was the biggest engineered coup..if u can call tat
12:31 Shubro : woh to always
12:31 Jitender : tats y tradn is now more divergent from fundamentals more than ever
12:32 Jitender : esp the index
12:32 Shubro : saala govt thought jitna aayega public banks recapitalized
12:33 Shubro : now todays paper says they scapping thr 10 billion sovereign lol…garg’s idea
12:33 Shubro : it sounds like more trouble coming
12:34 Shubro : bhains going swimming
12:35 Anubhav : ibh tgt done
12:35 Anubhav : im out
12:35 Shubro : mabrook ya sheikh
12:35 Jitender : Anubhav…u shrt also 🙂
12:35 Anubhav : abhi 11300 put li thi weekly
12:35 Jitender : k
12:36 Jitender : u & himanshu r more bulls …rarely seen u guys shrtn
12:36 Anubhav : 11330 pe 67-75
12:36 Anubhav : small games
12:36 Jitender : +1
12:37 NP : (10:19) NP : I think it’s going to be rangebound move till 1pm. ….. a major move either side will come only in 2nd half …… it’s a first day of expiry so staying away for few hours now …. let the dust settle
12:37 NP : happily staying away so far after doing 1DT
12:40 Jitender : 375-420 on bnf…scalp
12:40 NP : Superb
12:41 Anubhav : gr8 jit!
12:41 Jitender : tx guys
12:42 Jitender : n congo to eveyone in money 2day
12:44 Govind : internet issues, scary
12:44 Boppanna : +1 Jit 370-460 BNF on watch for now
12:45 Jitender : +1
12:45 Govind : Catch a documentary called ‘The Great Hack” on Netflix. Real Scary!
12:46 Govind : about Cambridge Analytica
12:47 Himanshu : Jit – We see Red At 29400 on MP chart –
12:47 Himanshu : is positional or LLT type
12:47 Boppanna : Uttam you planning a triple DD or happy with DD
12:47 Boppanna : BNF
12:48 Gaurav : that MB has anegative delta Himanshu, though Shai says to avoid any interpretations via delta
12:50 Jitender : reds nned to get to 340 bnf…else all clr fr greens abv 445
12:51 Anubhav : dpoc/yvwap needs to be crossed in nf for day high to come..
12:52 Shai : Book the PE in minor profits at 218
12:55 Shai : 29459 Sl if holding the F for 29340
13:15 Shubro : Bhai I period kuch to kar….growing roots
13:15 Govind : Buyers are tired?
13:18 Himanshu : No spike up – Chief at 1 so
13:18 Himanshu : Shall we drift lower ?
13:22 Shai : 29350 expected
13:22 Shai : vwap also
13:22 Boppanna : NF Day COT +72K and BNF -72K
13:22 Himanshu : Idhar ka maal Udhar
13:23 Shai : NF below 11314 sort for 11296 sl abv 11321
13:25 Shubro : this is all retail ping pong Shai?
13:27 Anubhav : distribution?!
13:28 Himanshu : NF advertising – DUMP at POC
13:29 Himanshu : Goovind when its up is BOOM BOOM
13:29 Shubro : kisi ne meri sun li
13:29 Himanshu : What is for down move
13:29 Jitender : 29.2pe 200-229
13:29 Himanshu : Let say DOOM DOOM
13:30 Jitender : +100 (13:22) Shai : 29350 expected
13:30 Uttam : boom boom
13:31 Shai : 11294-(13:23) Shai : NF below 11314 sort for 11296 sl abv 11321
13:31 Himanshu : so boom boom for both side
13:31 Uttam : +1 Shai we need more 😉
13:31 Govind : 13:15 Govind : Buyers are tired?
13:31 Himanshu : this 48K guy at 294 in NF
13:31 Himanshu : shall get reposne
13:32 Himanshu : or we wil have sharp spike up
13:32 NP : +1
13:33 Govind : Shai, tab 2 please
13:33 Boppanna : Just hold that 370 BNF and get below vwap
13:34 Himanshu : good more 38K in NF
13:34 Anubhav : nice
13:35 Govind : 29300 PE needs abitmore unwinding
13:36 Himanshu : more dump at 2.30 I guess
13:37 Himanshu : 29500 CE ( 134- 105) – 29700PE ( 64- 52)
13:37 Anubhav : wah!
13:38 Himanshu : Exited – now waiting.. 30000 CE ( Mthly holding )
13:40 Anubhav : vwap being defended again lets see
13:40 Govind : Maruti good results
13:41 Anubhav : bajaj up 6 percent
13:41 Anubhav : fii are back to buying mode
13:41 Anubhav : ?
13:41 NP : #QuickTrade ….. TV Trade ….. maruti 6000CE 140-151 …. all out
13:41 Govind : Nice Naren
13:42 Himanshu : How come
13:42 Himanshu : Ok beter then established
13:42 Himanshu : better then Analyst expectation
13:42 Himanshu : I will be buyer at LIC price ( bid)
13:42 Himanshu : 11240 – 11250 Range
13:43 Anubhav : all auto stocks u insider know something we dont
13:44 Anubhav : setting ho gayi lagta hai koi
13:44 Jitender : bajaj n maruti bettr results
13:44 Anubhav : uttam aaj spike up close to nahi?
13:44 Gaurav : 5 week series and NF premium 28 points, dud
13:46 Anubhav : spot 11350 can come?!
13:47 NP : good auto numbers in a tough quarter are sentiment positive
13:47 Anubhav : yes np
13:48 Anubhav : greens r back in of
13:49 Anubhav : above 11325again will lead to sc
13:49 Anubhav : lets see
13:50 Sumit : any one for day low ?
13:50 Sumit : nf
13:50 Anubhav : unlikely now all dips bought
13:51 Govind : Maruti falling now, be careful
13:52 Himanshu : Topi Phena di Maruti ne
13:52 Anubhav : lol
13:52 Himanshu : 15 % sales down qnq
13:52 Himanshu : Guidence is lower which way is good
13:52 Himanshu : stock at Utopian price still
13:53 NP : I am expecting ZIGZAG move with flat closing on Nifty
13:53 Himanshu : 2 Dealers of Bajaj and Maruti clsoed 3 branches in Vadoara
13:54 NP : Almost all NEXA Dealers are in losses
13:54 Himanshu : Vadodara.. some staff also laid off – Bajaj Dealer is in cash crunch – new ( less then 10 Yr ) in business only seen up cycle .
13:54 Himanshu : All NExa dealers are their old Dealers – who are now rebranded as Maruti Arena
13:55 Shai : Intra – short NF 11306 sl of 11330 tgt 11255
13:55 Himanshu : they were made to invest sepereratley for NExa Ventures,,
13:55 Himanshu : Only Sales Head – Sardarji and RC Bhargav ( Chairman) is sure to survive
13:59 Anubhav : lol
14:00 NP : NF holding vwap for now …… make or break time
14:03 Govind : most of this week, we were below vwap and today above, for the most part
14:04 Himanshu : except for Fry day today and SPX – also negative closing yday
14:04 Himanshu : feel will kiss lower band
14:05 NP : weekly closing below 11300 on Nifty is only going to add selling pressure further
14:05 Shubro : scalpers paradise
14:05 NP : +1
14:06 Shubro : POC to POC
14:06 Anubhav : maruti holid vwap till now
14:06 Anubhav : like nf
14:06 Anubhav : spike up ki feel aa rahi hai
14:07 Anubhav : reliance infy in neg unko bada diya to mkt will zoom
14:07 Shubro : if vwap holds chances hai day high to test at the least
14:07 Shubro : BNF those zeros are stubborn
14:08 Gaurav : BNF has one grey zone which it wants to make yellow on MB 😛
14:09 Gaurav : BNF OCD
14:09 Shubro : BNF 5 min chart is a flag pattern now
14:10 Anubhav : tring again for in nf green brigade
14:12 Shubro : 29300 CE OI has to fall
14:13 Shubro : Govind whats the OI status?
14:13 Govind : no crossovers
14:14 Gaurav : not encouraging upsides
14:14 Govind : looks like this will b capped between 29400 and 500
14:14 Shubro : hmm
14:15 Shubro : distribution here and move up best guess
14:15 Shubro : if it doesnt hold back to brack
14:15 Anubhav : time running out algo attack kar dega
14:15 Shubro : bracket
14:15 Govind : Max pain as not budged
14:15 Govind : has*
14:16 Shubro : scalping small away between the 30 min POC’s
14:16 Govind : +1
14:16 Shubro : when BNF behaving like a lemon make nimbu pani
14:17 Gaurav : though VWAP aligning to IBH has been good for upside spikes in the past
14:17 Shubro : so far my reasoning is this….BNF says i give u 2 chances in a day take it or get lost
14:17 Gaurav : but as govind said option chain is not buldging one bit
14:18 Shubro : BC
14:18 Anubhav : lo ji
14:18 Shubro : wasnt on board
14:19 Shubro : train left
14:19 Shubro : wapis aayega
14:19 Anubhav : modi modi modi
14:19 Shubro : hahahahahhaa
14:19 Govind : zeroes
14:19 Jitender : 🙂
14:20 NP : (14:00) NP : NF holding vwap for now …… make or break time
14:20 Shai : BNF diff mode today
14:20 Jitender : (12:50) Jitender : reds nned to get to 340 bnf…else all clr fr greens abv 445
14:20 Shai : Exit the NF at 11325 cmp
14:21 Rajiv : holding 445 can go long? 14:20 Jitender : (12:50) Jitender : reds nned to get to 340 bnf…else all clr fr greens abv 445
14:22 Shubro : market wants to reverse
14:22 Jitender : wait
14:22 NP : 29380 Pot still important level to watch
14:22 NP : Spot*
14:23 Jitender : dpoc mvd up ?
14:23 Shubro : 380 is a weekly resitance right Naren?
14:23 Govind : How bigisthe BNF MB? 🙂
14:23 NP : yes
14:23 NP : +1Jit
14:23 Shubro : ok
14:23 Govind : 29468 Jit
14:23 Govind : Yes, in that move
14:24 Govind : but big reds right in the dpoc
14:24 Jitender : tx guys
14:25 Rajiv : +100 Guruji
14:25 Jitender : dpoc n dvah up abv Op+Ra…plus reds at top
14:25 Govind : 29400 CE OI dropped only marginally
14:26 NP : I think one should wait for algo time to pass before taking any fresh position today
14:26 NP : it’s a difficult day to trade
14:27 Govind : yeah Naren
14:27 Govind : somehow, I did much better yesterday in indices
14:27 Shubro : capo – i nicknamed you cap protction day
14:28 Shubro : lots of people lost quite a bit yest
14:28 Shubro : twitter abounds
14:28 Govind : True Shubro
14:28 Shubro : i was like today must be my freak day
14:28 Govind : If not for this room, I would’ve shut shop
14:29 NP : most of them were option writers that too in large volumes … they were taken for cleaners between 3-3.30pm yesterday in that wild swing
14:29 Shubro : yeah Naren
14:29 NP : those trying to eat that 2-3-5 premiums on expiry
14:29 Anubhav : more buying
14:29 Anubhav : kya ho gaya aaj
14:30 Anubhav : nirmala aunty ne hari saree pehni hai kya?
14:30 Jitender : last hr
14:30 Jitender : wat will fii do ?
14:30 Anubhav : dump
14:31 NP : (13:53) NP : I am expecting ZIGZAG move with flat closing on Nifty
14:31 Anubhav : unless they have sum insider news for mondays gapup
14:31 Jitender : 445 held on bnf
14:31 Gaurav : Lata aunty ki saree decide karti hai market
14:31 Anubhav : haha
14:31 Jitender : ab ye kya Gaurav 🙂
14:32 Gaurav : for this(14:30) Anubhav : nirmala aunty ne hari saree pehni hai kya?
14:32 Jitender : haha
14:32 Govind : Jit, FIIs don’t have a reason to stop selling do they?
14:33 Himanshu : no they are under pressure to sell to the point
14:33 Jitender : nope
14:33 AN : shoting ref jit, bnf ?
14:33 Anubhav : algo came early kya
14:33 Govind : Yesterday, their net number was the least but it was expiry day.
14:33 Anubhav : 30 point saaf
14:34 Jitender : (14:25) Jitender : dpoc n dvah up abv Op+Ra…plus reds at top(14:30) Jitender : wat will fii do ?(14:31) Jitender : 445 held on bnf
14:34 Jitender : saree ke fall sa fall diya re
14:34 Shai : weird 30 poimts in NF last 90 mism
14:34 Anubhav : hahah
14:34 Anubhav : lo agla algo aaya
14:34 Anubhav : ulta
14:35 NP : (14:26) NP : I think one should wait for algo time to pass before taking any fresh position today(14:26) NP : it’s a difficult day to trade
14:35 Shubro : true
14:35 Shubro : scalpers paradiso
14:35 Anubhav : someone is defending aaj thoda thoda on dips
14:36 Rajiv : Jit one scare on the downside in BNF now ?
14:36 Jitender : poss
14:36 Shubro : cash market selling on…
14:36 Shubro : BNF
14:36 Jitender : but b lite Rajiv
14:36 Himanshu : Thanika not in room today seems
14:37 Rajiv : 340 types or more
14:37 Jitender : tat much only
14:38 Rajiv : AYE AYE
14:38 Shubro : Anu ur spike might be around
14:38 Shubro : careful
14:39 Anubhav : karo yaar day high todo
14:39 Anubhav : im flat now no postion vaise
14:40 Anubhav : 11440 pe short karenge agar aya next week
14:40 Shubro : better
14:41 Anubhav : 3 min for algo
14:41 Anubhav : regualr wala
14:43 Anubhav : todays top gainers are all fii favourites
14:44 Shubro : algoooo?
14:44 Shubro : aaj algo TGIF
14:44 Anubhav : hehe
14:45 Shubro : some big option seller on twitter who lost big said same thing….kal friday bach gaya
14:46 Shubro : ab kya 3:05 wala
14:47 Shubro : nice upper bell
14:48 Rushabh : is this a P in NF today?
14:49 Gaurav : looks like a tilted roof of a nursery scenary drawing
14:50 Shubro : 440 BNF attempt
14:51 Shubro : bhai i am saving my gains for the day no more trades
14:53 Govind : +1 Shubro
14:53 Govind : Needmoney for weekend 🙂
14:54 Shubro : u said it! actually its friday
14:54 Shubro : a little contribution to bacchus neeed
14:55 Shubro : who is the resident lord for daru in india?
14:55 Govind : daru?
14:55 Shubro : bacchus is greek god wine. So desi version?
14:56 Govind : we are too clean
14:56 Anubhav : abhi abhi spike aa sakta hai kya?
14:56 Govind : dont have one
14:56 Shubro : aw cmon we invented it all
14:56 Shubro : gotta be
14:56 Govind : Indra probably
14:56 Govind : he is always having fun
14:56 Shubro : thats rain dude….
14:57 Govind : but he always drinking
14:57 Shubro : haha rotfl
14:57 Govind : Rain is Varuna
14:57 Shubro : ok bro if u say so. Varuna also missing this year
14:58 Shubro : Chennai good rains now?
14:58 Govind : yeah
14:58 Shubro : or still deficit
14:59 Govind : July has been good
14:59 Govind : water table is slowly gaining
14:59 Shubro : ok thats relieving to know
14:59 Anubhav : delhi also finally getting its rain share
14:59 Anubhav : aaala re algo aala
15:00 Uttam : gettin 3:05 spike Anubhav?
15:00 Shubro : cmon algo day high maadi
15:00 Shubro : thrashing around BNF
15:00 Anubhav : uttam le aao yaar
15:00 Anubhav : fir se sold off
15:01 Anubhav : at 11325
15:01 Uttam : algo is in your control sirji
15:01 Anubhav : 11330 todo
15:01 Anubhav : ye to dhoka de rahe hai
15:01 Govind : Anu is like Neo
15:01 Shubro : yeah man
15:01 Govind : Algo Anu
15:01 Shubro : ANu red pill blue pill
15:01 Govind : haha
15:01 Anubhav : lol
15:02 Anubhav : ab postion nahi hai to no bias
15:02 Shubro : technically that means we are all thakaoed
15:02 Shubro : tired
15:02 Shubro : bias is bhains now
15:02 Anubhav : fir bhi spike up ki hope hai 1 hr se
15:02 Uttam : 3rd day in balance here n Nifty
15:03 Uttam : next week ek acha sa 200 point move kar wa do bhai log
15:03 Rushabh : uttam BN out of balance?
15:03 Shubro : why 200 ask for more
15:03 Anubhav : bnf above 29500 will blast to that gap zone
15:04 Anubhav : chalo monday hi sahi
15:04 Govind : If UG wants 200, BNF will give 500
15:04 Uttam : 200 first target then anything more will be bonus
15:04 Anubhav : haha
15:04 Govind : It gets in beast mode
15:04 Uttam : 200 in NF Govind so BNF needs to give 600-800 😉
15:04 Govind : oh ok
15:04 Govind : 🙂
15:04 Jitender : 445-405 scalped (14:34) Jitender : (14:25) Jitender : dpoc n dvah up abv Op+Ra…plus reds at top(14:30) Jitender : wat will fii do ?(14:31) Jitender : 445 held on bnf
15:05 Govind : +1 Jit
15:05 Uttam : congo Jit
15:05 Shubro : wah wah….Jit u surgeon man
15:05 Jitender : low vols….but daru sunke kuch to karna tha 🙂
15:05 Shubro : precise
15:05 Jitender : tx guys
15:05 Uttam : (15:03) Rushabh : uttam BN out of balance? no Rushabh
15:05 NP : Congrats Jit
15:06 Uttam : in fact nice weekly balance in both
15:06 Rushabh : okay
15:06 Shubro : Jit yar aapka woh write ups kaab aayega
15:06 Jitender : tx NP
15:06 Jitender : jald hi Shubro
15:06 Shubro : chalo good to hear
15:07 Shubro : dada usko ekdam hands on type banaiyega
15:07 Jitender : koshish puri rahegi janab
15:07 Shubro : shukran
15:10 Anubhav : bulls going home long looks like
15:10 Shubro : one solid candle needsed
15:10 Anubhav : hoping for miracles over weekend
15:10 Govind : ICICI seeing buying now
15:10 Govind : results tomorrow
15:10 Govind : can take BNF with it
15:10 Uttam : BNF 29200 OI still did not make a crossover
15:10 NP : BankNifty OI seems suggesting a gap up on Monday? @ Uttam
15:10 Govind : No Uttam
15:11 Rajiv : 445 blocking!
15:11 Anubhav : ek aur koshish kya ho raha hai aaj
15:11 Shubro : pushing pushing
15:11 Anubhav : 11330 ke uparjaane ke der hai bas fir dhi
15:12 Uttam : 29457 spot is the start of that selling tail Naren so if we open above it & sustain BN can move higher
15:12 Uttam : 300+ point singles there
15:13 Rajiv : Jit agar 445 ke upar nahin jane dena to 350 pe buy karne do
15:13 Uttam : 29512 if taken out in BNF then can see good upmove
15:14 Shubro : yaya buyers
15:14 Govind : +1 Uttam
15:14 Shubro : DH come on tag
15:14 Uttam : e) Sustaining above 29512, BNF can give a fresh move up to 29592 & 29650
15:15 Govind : vix has dropped all day
15:15 Uttam : BNF has -1.2 L COT
15:15 Govind : trend day don in vix 🙂
15:15 Shubro : VIX is a MKB
15:15 Govind : down*
15:15 Govind : haha
15:16 Govind : we need to come up with a vix weekly index
15:16 Shubro : wo hoo zeros
15:16 Shubro : khush Anu
15:16 Shubro : i tickled that algo
15:17 Shubro : usko bola MKB beer peena ha
15:17 Uttam : both NF & BNF did 80% rule in the 2 day composite it had made on mon-tue
15:17 Himanshu : Uttam so plr is up
15:17 Uttam : (15:14) Uttam : e) Sustaining above 29512, BNF can give a fresh move up to 29592 & 29650…check BNF high now
15:17 Uttam : 29510
15:17 Govind : 29400 CE from 159 to 182
15:17 Himanshu : It can open on Monday above 29445
15:17 Rushabh : uttam Nf didnt hit poc
15:17 Shubro : u da man Uttam
15:18 NP : (15:10) NP : BankNifty OI seems suggesting a gap up on Monday? @ Uttam
15:18 Uttam : which POC Rushabh?
15:18 Anubhav : jai ho
15:18 Rushabh : the 11400 you spoke about
15:18 Uttam : @Naren – (15:12) Uttam : 29457 spot is the start of that selling tail Naren so if we open above it & sustain BN can move higher
15:18 NP : ok
15:19 Uttam : (15:18) Rushabh : the 11400 you spoke about…that was a higher balance not the one it did 80% today in
15:19 Uttam : today’s comp 80 was 11286-11304-11328
15:19 Uttam : had told you this at open
15:19 Rushabh : okay got it
15:19 Uttam : we have res at 11355 above which another comp at 11379-11400-11410
15:20 Govind : I exited at the zeroes and when the reds came
15:20 Uttam : in BNF Govind?
15:20 Govind : Uttam’s 29512 was in the back of my mind as well
15:20 Govind : YesUttam
15:21 Uttam : nice Govind +1
15:21 Govind : 15:17 Govind : 29400 CE from 159 to 182
15:21 Govind : quickie
15:21 Uttam : see how OF needs to confirm the levels to make entries or exits
15:21 Govind : Absolutely man,otherwise I would just be sitting there for thy kingdom to come
15:22 Anubhav : good day
15:22 NP : Congrats Govind
15:22 Govind : Those singles above 29512 do look juicy though
15:22 Shubro : Uttam hugs man
15:22 Govind : Thanks Naren, I needed that trade
15:22 Uttam : cheers Shubro 🙂
15:23 Uttam : but BNF at supply point here & has negative COT also today
15:23 Uttam : @Govind
15:23 Uttam : 19k green here
15:23 Uttam : 40k in NF
15:23 Rushabh : both have equal sellers
15:24 Uttam : 29468 was a vPOC had mentioned in the morning & now today’s POC again there
15:24 Govind : Yes Uttam, saw that comment when the zeroes came, helped me exit. Thanks Bud.
15:24 Uttam : BNF dPOC seems to be at 29425
15:25 Shai : BNF good close this
15:25 Uttam : 5min box showing wrong value Shai
15:25 Shubro : Uttam Shai we should have some guidance on when to renter trades for further longs
15:25 Govind : We have ‘P’ in BNF right Uttam?
15:25 Rushabh : uttam BNF is closing near the upper composite vah?
15:25 Shubro : so yes zeros come and then the trend moves on
15:25 Shai : dvah is 29500?
15:26 Shubro : how to appreiate a reentry
15:26 Rushabh : 471 shai
15:26 Shubro : Jit if you can guide on that also would be very useful
15:26 Uttam : yes now correct 🙂 thanks Shai
15:26 Shubro : seen you do that very well
15:27 Shai : ability to styay abv 29400 on Monday sparks a furtherr ise to 29676
15:27 Shubro : allright all good day again….have a great weekend
15:27 Uttam : 29415 seems to be an IB also on 30mins
15:27 Uttam : +1 Shai
15:27 Shai : the 29800 is the Mon selelr
15:28 Shai : 29800 would test BNF again
15:28 Uttam : yes we have a selling tail from 29592 to 29854
15:28 Shai : diiff to take out monday
15:28 NP : 29500CE OI dropped significantly in last 30 minutes
15:28 Anubhav : gr8
15:28 Rushabh : shai monday high is 29754 right?
15:29 Uttam : Aug BNF
15:29 Uttam : July is done Rushabh
15:29 Uttam : all references now for Aug
15:29 Shai : yes
15:29 Shai : Bye all
15:29 Shai : Have a nice evening and a good weekend
15:29 Anubhav : bbye
15:29 Shai : catch up MOnday
15:29 Govind : Bye all
15:29 Uttam : thanks All 🙂 have a lovely weekend
15:32 Rajiv : Thank you all
15:33 Uttam : USDINR spiking lower
15:34 Uttam : trend day down in that