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 OrderFlow 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 (Nov F)
NF (Dec F)
BNF (Nov F)
BNF (Dec F)
08:54 Vtrender Live : (08:52) Vtrender Live: DEC F – https://join.me/865-133-271
(08:53) Vtrender Live: 30 min NOV F – https://global.gotomeeting.com/join/294012213
09:22 Shai : (09:22) Shai : Close the overnight 10600 pe at 58 here
09:27 Shai : (09:27) Shai : Intra – short BankNifty 26300 sl of 25395 tgt 26170
09:40 Shai : (09:40) Shai : Exit the BankNifty at 26340 here
10:51 Shai : (10:51) Shai : Intra – Buy BankNifty 26435 sl of 25335 tgt 26610
11:22 Shai : (11:22) Shai : BNF longs stopped. Make exits
12:44 Shai : (12:44) Shai : Intra – Buy 26300 PE abv 145 sl of 119 tgt 220. cmp 138. Buy abv only
08:52 Vtrender Live : DEC F – https://join.me/865-133-271
08:53 Vtrender Live : 30 min NOV F – https://global.gotomeeting.com/join/294012213
09:00 Nirav : Good Morning Guys
09:03 Uttam : Good Morning All 🙂
09:04 Shubro : Hi GOod Morning
09:05 Shai : GM all
09:05 Vijay : GM a
09:05 Vijay : all
09:06 Shai : Pre market pointing to a lower start
09:06 Shai : https://vtrender.in/market-profile-analysis-dated-26th-nov/
09:07 Shai : focus is on the auctio repiaring anomalies and the ext handle at 10584-90
09:07 Shai : could be a slow mover as it repairs the auction there
09:08 Shai : bias stays up to 10640 like yesterday above 10585- 90 roughly
09:08 Shai : but a auction below 10580 near open invited 10550/ 10525 again’
09:10 Uttam : USDINR also not helping in a positvie open here?
09:11 Uttam : BN Spot made a new high yesterday at 26397 though BNF could not cross prev week high
09:12 Kathir : GM Shai all
09:12 Jitender : gM fOLKS 🙂
09:12 Jitender : Gm Folks 🙂
09:12 TP : GM All.
09:14 Ravi : GM all
09:22 Shai : Close the overnight 10600 pe at 58 here
09:27 Kathir : vix 10 % down to 18.3
09:27 Shai : Intra – short BankNifty 26300 sl of 25395 tgt 26170
09:34 Jitender : psu banks up
09:40 Shai : Exit the BankNifty at 26340 here
09:55 Boppanna : Shai any big buying in 26200pe?
10:01 MJ : Below 300 we can probe that ext handle of yest.
10:02 MJ : baby army of reds approaching.
10:04 MJ : 77k greens in dec fut.
10:09 Shai : environ ripe for writing the 10600 ce and pe today
10:11 Shai : should be 96 by close even 84
10:11 Jitender : +1
10:12 Uttam : boom boom in BNF
10:12 Uttam : greens just as IB coming to a close
10:13 Shai : some one covered 108- (09:55) Boppanna : Shai any big buying in 26200pe?
10:13 Boppanna : thx
10:13 Uttam : spot almost matching yesterdays high in BN
10:14 Uttam : green band at vwap in NF also here
10:14 Uttam : BN spot making new highs
10:14 MJ : Whattey observation 🙂 (09:34) Jitender : psu banks up
10:15 Jitender : touches to yVAH have given 60% of DT
10:15 Jitender : bnf
10:15 MJ : Plucked 25 in nf. (10:04) MJ : 77k greens in dec fut.
10:15 MJ : Congrats J.
10:15 Jitender : same 2 u
10:15 Jitender : but bnf is stretched
10:16 MJ : 10k reds in bnf booking out i guess.
10:16 Jitender : r/r for longs here not grt here
10:16 MJ : Yeah
10:16 MJ : 3ib setup in play too.
10:16 Shai : 10590 sellers also quickly covered10 points highger
10:16 Uttam : BNF looking for 26440
10:16 MJ : +1 Shai/
10:16 Shai : BNF has some wings today
10:17 MJ : Redbull she’s had?
10:17 Shai : 🙂
10:17 MJ : 108 to 140 in 26400 ce.
10:17 Uttam : 26417 was vpoc in spot & has tagged that
10:17 Uttam : if manages to stay above then BNF can go more up
10:18 Jitender : 26409.7 PH in bnf
10:18 Uttam : that was the weekly FA too Jit
10:18 Jitender : +1
10:19 Jitender : will try a shrt tere with 20 pt SL
10:19 Jitender : 405-410 zone
10:19 MJ : Same thought Jit 🙂
10:19 Uttam : but spot is alrady abv prev weeks highs so looks like that weekly FA will go too
10:19 Jitender : psu banks+stretched+composite highs
10:19 Jitender : good setup 2 try shrts on firat touch
10:19 MJ : Beyond Comp high is a nice Autobahn waiting IMO.
10:20 Uttam : BNF today high same as prev week Monday high
10:21 Uttam : 4th time in last 6 days we coming here
10:22 Jitender : if crude + usdinr has bottomed out + Dec 11==volatility
10:23 Boppanna : 3IB setup active BNF
10:23 Jitender : less vols or guarded trade s time
10:23 Jitender : ys BoP
10:24 Boppanna : just need some reds here to push the trigger
10:24 MJ : +1 bopp
10:25 MJ : Need more red ammo here.
10:25 MJ : Rangdo isse laaal.
10:25 Jitender : C broke out BoP 🙂
10:25 Jitender : perfect fr u
10:26 Uttam : IB in NF & Spot at 40 points
10:26 Uttam : BNF IB 123 & BN Spot 132
10:26 Jitender : callin rm Uttam 🙂
10:26 Boppanna : just waiting for the that 26200 pe to get back above 93 as well to add a few more
10:27 Jitender : from Shai’s diary …26300 PE bllusih if moves above 126 for 204 and 284
10:28 Jitender : can adjust 10-12 points fr theta Shai in abv ?
10:28 Boppanna : Also this is a warning as well 🙂 10:16 Shai : BNF has some wings today
10:28 Kathir : vix back to 19 jit
10:28 Jitender : k
10:32 Himanshu : dec NF has some buying ?
10:33 Uttam : 2.4L green in Nov?
10:33 Boppanna : SHai intra levels on the 26500ce pls
10:34 Uttam : got a similar number both sides in DEc
10:34 Uttam : 4L vol taking place there now
10:34 Uttam : 10660 Dec NF
10:34 Uttam : bnf boom boom
10:35 Uttam : 37k red at top
10:35 Uttam : (10:16) Uttam : BNF looking for 26440….15 more t ogo
10:36 Boppanna : Yep if 3IB fails could be a quick 80-100 there in BNF
10:37 Jitender : Ag long
10:37 Boppanna : huh…
10:37 Shubro : aiyooo spoilt the party there now
10:37 Jitender : 47k red in bnf or rollover ?
10:38 Uttam : no Jit
10:39 Uttam : 26434 high so far BNF…6 more to go
10:40 Jitender : tx Uttam
10:40 Uttam : 🙂
10:41 Uttam : yesterday we had OI increase in BN Nov so looks like this series moves not done yet?
10:47 Uttam : (10:16) Uttam : BNF looking for 26440…Done
10:49 Jitender : +1
10:49 Boppanna : BNF OTF so far
10:49 Kathir : +1 uttam
10:50 Uttam : yes Bopps
10:51 Shai : Intra – Buy BankNifty 26435 sl of 25335 tgt 26610
10:51 Uttam : +1 Shai
10:52 Uttam : all that supply in BNF seems to have been absorbed?
10:53 Jitender : 410 was last PB low
10:53 Uttam : yep same as prev week high
10:53 Uttam : and that weekly FA which now stands negated
10:53 Uttam : was already weak once BNF got above 26220 yesterday
10:55 Uttam : BNF looking like has given a OTD away from that bell of last few days
10:56 Uttam : 26485 next on cards above whihc we have a vpoc at 26550
10:56 Boppanna : Just needs to sustain 440 for the bump
10:56 Uttam : NF has got lost though
10:57 Uttam : making value in yesterdays spike here till now
10:59 MJ : That 13k should feel some heat.
10:59 Uttam : 26380 test will be good in BNF
11:00 MJ : Aye aye uttam
11:00 MJ : Dedo
11:00 MJ : 433 shorted.
11:01 Jitender : 435-
11:01 Jitender : cvrd half at 400
11:02 Uttam : nice Jit 🙂 congrats and you too Mihir
11:02 MJ : Thanks uttam.
11:02 Jitender : tis helped (10:47) Uttam : (10:16) Uttam : BNF looking for 26440…Done
11:03 Uttam : 🙂 Jit
11:03 MJ : Need demand at pwh or less reds.
11:03 MJ : Out too J.
11:03 Uttam : after hitting an objective BNF mostly always gives a retracement before going for the next
11:03 MJ : Thanks Uttam 🙂
11:03 MJ : +1 Uttam Always observed. And if you are a fast scalper one really nice trade waits there.
11:04 Jitender : only Q is can bnf brk the compo w/out nf ?
11:04 Uttam : but need to be quick like Tej, Jit, Mihir to be able to enter & book out fast
11:04 MJ : I am nowhere close to Jit and TP 🙂
11:04 MJ : In speed I mean.
11:04 Jitender : dunno abt Tej…but u r far ahead of me
11:04 Uttam : Jit, NF can make up for this BNF move in no time if BNF has decided to stay above the comp VAH
11:05 Jitender : ys Uttam..lets c
11:05 Jitender : so far not convinced
11:05 Uttam : that 10640 is a hvn & where sellers have their last level for now
11:05 Uttam : once NF gets above it can see SC
11:05 MJ : (10:19) MJ : Beyond Comp high is a nice Autobahn waiting IMO.
11:06 Boppanna : Also Jit caught AG long as well 🙂
11:06 MJ : Bonus +1 for that 🙂
11:06 Jitender : he said drop everythn & go long..wth
11:06 Jitender : public chu**ya hai kya
11:07 Uttam : wonder when that channel will drop him
11:07 Jitender : yh
11:07 MJ : Uttam never.
11:07 MJ : Like drug cartel works another brokerage cartel.
11:07 Uttam : then people should drop that channel
11:07 MJ : They want all these dummies to be expert.
11:08 MJ : If everyone trades right. Who earns the spillage brokerage
11:08 MJ : ?
11:08 MJ : And where does the sheep come from?
11:08 Uttam : from the ones who trade against you Mihir 😉 those who fill your ordrs
11:08 MJ : Because someone would have bought 13k contracts looking at AG. we are making our monies 🙂
11:09 MJ : Raven and cows and sheep needed for this super balance.
11:10 MJ : I am so glad that overall I don’t follow any news channel. And I get the right source of news from Jit.
11:10 MJ : That too filtered 🙂
11:11 Uttam : BNF staying above pdh
11:11 Uttam : NF can be forming the base to give a DD
11:12 Uttam : 40 point range & making a bell
11:13 Uttam : 10615 imp in NF here
11:13 Uttam : weak below that if it sustains
11:15 MJ : Below 380 340 trip chalo.
11:15 MJ : Boooom.
11:15 Uttam : reds in BNf at vwap break
11:15 MJ : 355 so far.
11:15 Jitender : booked 360 (11:01) Jitender : 435-(11:01) Jitender : cvrd half at 400
11:15 Uttam : +1 Jit
11:15 Jitender : (11:04) Jitender : only Q is can bnf brk the compo w/out nf ?
11:15 Jitender : tx Uttam
11:16 Boppanna : +1 Jit
11:16 Jitender : late longs stopped out 🙂
11:17 Uttam : reds incrasing here in BNF
11:17 Jitender : Ag bhaiya….abka hoga 🙂
11:17 RK : GA all – 3IB again quick 100 in BNF 🙂
11:17 MJ : Outtttt(11:15) MJ : Below 380 340 trip chalo.
11:17 RK : and 25 in NF
11:17 MJ : RK :))
11:17 Shai : trend dday breaking here
11:17 Uttam : 25 in 40 point range is super RK
11:17 MJ : Patience is the key.
11:17 Shai : E is taking out ‘
11:17 RK : Uttam that counts only the last trade 🙂
11:17 MJ : 3ib and c period will test you but reward you.
11:17 Jitender : cool Rk
11:17 RK : did couple of other trades in the morning
11:18 Uttam : nice RK 🙂
11:18 Jitender : Dt do e & m happy 🙂
11:18 Jitender : done
11:18 Uttam : congrats Jit
11:18 Jitender : tx 2 u Uttam
11:19 Uttam : cheers 🙂
11:19 MJ : Ag bhaiya needs some tissues K.
11:19 MJ : J*
11:19 Jitender : hez Very Reliable Indicator (VRI)
11:19 Shai : 16000 seller likely to get stuck
11:20 Uttam : that muts be AG taking his SL 😉
11:21 MJ : Yes shai.
11:21 MJ : Golden opportunity for bears. Don’t waste it come on.
11:22 Boppanna : 26400pe SHai’s level key here
11:22 Shai : Must confess I was looking for a trend day and a break from the profile
11:22 Shai : This last 5 min move changed the equation
11:22 Shai : BNF longs stopped. Make exits
11:22 Uttam : DD down coming?
11:23 Uttam : 4th day in a row it will be in BNF that it gives a DD
11:25 Shai : 26260 and 26160 up for test
11:25 Uttam : trend day set up vwap fails then day low coming
11:25 MJ : Any news?
11:26 Uttam : (11:15) Uttam : reds in BNf at vwap break(11:17) Uttam : reds incrasing here in BNF
11:26 Boppanna : AG saoid drop everything and go long was the news MJ
11:26 Shai : looks fairly organised
11:26 Uttam : it was all there in OF Mihir no need for any news
11:26 Shai : longs closing
11:26 MJ : Bopp: +1
11:26 Shai : all this red
11:26 MJ : Yes Uttam.
11:27 Uttam : 33k red here
11:28 Boppanna : Shai’s 26400pe entry level 170 out 191
11:28 Jitender : congo BoP
11:29 Jitender : good trade
11:29 Boppanna : thx
11:29 Uttam : congrats Bopps
11:31 Sumit : 35 k seller stuck in BNF ?
11:31 Uttam : this could be second part of the AG longs 😉
11:32 Jitender : AG goes shrt
11:32 Jitender : says false bout
11:32 Uttam : he only caused the false BO dumbo guy
11:33 MJ : Lets take actual breakout now 😛
11:33 Jitender : lol
11:33 Uttam : he should take sanyaas then
11:33 Santhanam : 🙂
11:33 Himanshu : AG will suicide if he all these conversation 🙂
11:33 Himanshu : see*
11:33 MJ : Shai. Please make a note 🙂
11:34 Uttam : lol yes he will not be able to belive we makle money from his calls 😉
11:34 Himanshu : lolll
11:34 Uttam : (11:13) Uttam : 10615 imp in NF here(11:13) Uttam : weak below that if it sustains
11:34 Boppanna : vwap test would be nice to make him stop for the day
11:35 Shai : lol
11:35 Shai : Now I know why the trend day failed in BNF 🙂
11:35 Jitender : 🙂
11:35 Uttam : yes Shai that fellow has the power to stop a drive open too 😉
11:35 MJ : Failure of vwap failure will be bigger whip for the failed party.
11:35 MJ : Tongue twister but contextual.
11:37 Uttam : NF has a probable FA at highs today
11:37 Uttam : 10615 test coming in it looks like?
11:38 Himanshu : 10615 uttam?
11:38 Uttam : in NF
11:40 Dr Prajwal : shai if trend day has failed then the counter trend will be fiercer??
11:41 Dr Prajwal : double distribution trend day??
11:43 MJ : On a context away from Markets. Anyone following Narcos Mexico?
11:44 TP : Jit any news of now Jet Li coming on TV 🙂
11:44 TP : yes MJ watching it on n off.
11:44 MJ : Reached 5th episode. Nice and gripping slowly.
11:44 TP : maybe on 3rd episode.
11:45 RK : I finished The Americans last 2-3 weeks..good one
11:45 Jitender : none so far 🙂
11:45 TP : hmm looks like most of the room done the Dt 🙂
11:45 RK : NArcos only two seasons
11:45 MJ : 😛
11:45 RK : watched
11:45 TP : tks Jit.
11:45 RK : yet to see Elchapo and the new one
11:45 MJ : Rk finish 3rd and come to mexico narcos.
11:45 Jitender : wc
11:46 RK : Homeland was one of terrific series for me
11:46 RK : CIA story
11:46 MJ : Oh on my list that is.
11:46 RK : sure Mihir
11:49 Uttam : (11:37) Uttam : 10615 test coming in it looks like? Done now what
11:49 Uttam : AG longs SL needs to be hit?
11:50 RK : 10560/10540 🙂
11:50 Uttam : BNF planning for a trip to 26400+ oncem ore>
11:50 Boppanna : Jit any luck ?11:34 Boppanna : vwap test would be nice to make him stop for the day
11:50 Uttam : thanks RK
11:50 Jitender : BoP..he wil come around 12.30 now
11:50 RK : NE spike low repeatedely getting hit..might give up
11:50 RK : to test maj extn handle at 560
11:53 Praneeth : Hi Shai, can you please let me know your view on usdinr
11:56 Boppanna : That 26400pe held vwap in this dip
12:00 Jitender : BoP..tx 350-300 done 🙂 (11:50) Boppanna : Jit any luck ?11:34 Boppanna : vwap test would be nice to make him stop for the day
12:00 Uttam : lets confirm the FA in NF
12:01 Boppanna : +1 got in the 26400pe as well
12:02 Uttam : poor lows in E & F in both so far
12:03 Himanshu : any idea when will exit poll results are?
12:03 Uttam : 11th I think?
12:03 Himanshu : 11th is actual results
12:04 Uttam : oh sorry my bad
12:05 Jitender : Trade Diary so far : https://vtrender.slack.com/archives/C0F2VRTPW/p1543300574001100
12:06 Uttam : greens coming here in NF at vwap?
12:16 Uttam : some greens getting stuck at vwap in NF?
12:22 Pradeep : expect 10-2- point move down in BNF now as AG speaks after the advt
12:24 Shubro : today is AG divas?
12:26 Boppanna : RK making dpoc – dvah alignment in NF?
12:26 Shai : unable to break 26300 F from open
12:27 Shai : failed at 26440
12:27 Shai : NG continues 10590- 10640
12:27 Shai : NF*
12:30 RK : no bop
12:31 Jitender : AG remains shrt..now says he shrtes at 440
12:31 Jitender : liar
12:31 Jitender : shrted
12:33 Shubro : Jit this is truly hilarious. ROTFL
12:33 Kathir : but we need his updates jit 🙂
12:34 Jitender : 🙂
12:44 Shai : Intra – Buy 26300 PE abv 145 sl of 119 tgt 220. cmp 138. Buy abv only
12:44 Shai : can do a neutral extreme in close
12:47 Uttam : BNF forming a ledge at 26300 levels RK?
12:48 RK : 300 probable but 330 potential
12:49 Uttam : hmmm thanks RK
12:50 Uttam : 26304 is the weekly VAH also
12:50 Uttam : can tag 26200 if goes &sustains below
12:54 Uttam : BNF gone
12:54 Boppanna : spike in the pe 26300pe
12:55 Uttam : yep
12:56 Himanshu : whats this 91k
12:56 Shai : buyer
12:57 Himanshu : okk
12:57 Shai : could be smae as yesterday
12:57 RK : 200 BNF done
12:57 Pradeep : H stopped exactly at VAH of yesterday. in BNF
12:57 Shai : still absorbing all the supply
13:00 Nirav : was quick..26300 pe rocketed to 166
13:00 Nirav : still ok to buy ?
13:00 Shai : no
13:01 Shai : 76 k seller there
13:01 Nirav : ok
13:01 Jitender : spx suddenly jumped to +9 from +1
13:01 Himanshu : shai that 91k is heavyweight
13:01 Uttam : yes thats a new buyer
13:01 Uttam : right at yesterdays ext handle
13:01 Himanshu : yeah uttam
13:02 Himanshu : ny news?
13:02 Himanshu : 2 min 30 points
13:02 TP : spike in all global F
13:02 Shai : FA
13:02 Kathir : FA uttam
13:03 Uttam : fastest FA
13:03 Himanshu : wohhaaa
13:03 Uttam : confrimed on the top & now at the lows
13:03 RK : NF H period got 8 large together 🙂
13:03 Kathir : lol
13:03 Uttam : wow what a move
13:03 Uttam : BNF
13:03 Shubro : holy cow
13:03 Shai : what
13:04 Sumit : any news?
13:04 Ashish null : China Foreign Ministry Spokesman says Trump and Xi agreed to mutually beneficial agreements… $$
13:04 RK : my BNF shorts entry placed at 241 and can anyone believe that 🙂
13:04 Jitender : AG fuc*** again
13:04 Himanshu : hahaha leave all thing aside jit is after AG
13:05 Shai : This guy was there and he kept buying everything thrown at 10588- (12:57) Shai : still absorbing all the supply
13:05 Jitender : +1 Shai
13:05 Jitender : back to +5 (13:01) Jitender : spx suddenly jumped to +9 from +1
13:06 Shai : this – (13:04) Ashish null: China Foreign Ministry Spokesman says Trump and Xi agreed to mutually beneficial agreements… $$
13:06 Uttam : FA in BNF also
13:06 RK : https://vtrender.slack.com/archives/C0F2VRTPW/p1543304203003000
13:09 Himanshu : uttam ATR values please in NF?
13:09 Uttam : 10710 1atr from 10585
13:09 Uttam : sorry 10701
13:09 Himanshu : okk thanks
13:10 Boppanna : Shai that 440 looks like will be pushed ?
13:10 Boppanna : in BNF
13:10 Uttam : 26548 in BNF is 1atr from 26240
13:11 Uttam : November series has been a series of FAs in BNF
13:12 Jitender : spx back to +1
13:12 Shai : aggre sive long in that 26300 pe at 101 with sl of 84
13:13 Shai : tgt 140
13:13 Ashish null : #Trade : Chinese for min earlier comment on Xi-Trump refers to Nov. 1 phone call.: And stand down ….
13:13 Shai : move looks done in NF
13:14 Shai : 116k is cover order of that 112k green
13:14 Shai : Thanks Ashish
13:14 Ashish null : that green at lows is from china
09:38 TP : Shai views on DRREDDY, id .
09:40 Kathir : Dr reddy positional views also shai.. Long
10:19 Himanshu : shai maruti view please
10:38 Shai : 2354 intra supp dr reddy
10:38 Shai : 2534 **
10:41 Shai : DR reddy positional has supply at 2600 for several month. Even last leg was used to cover longs
10:41 Shai : Next momentium only when 2600 is crossed
10:42 Shai : Maruti no change in view 7936 next detination
10:42 Himanshu : thanks shai
10:42 TP : Tks chief….no wonder 26k ce is so cheap 😉
10:42 Shai : is it?
10:43 TP : yes nov call 17 bucks.
10:43 TP : spot 2562
10:43 Shai : Maruti buy if it comes near 7200 again also
10:44 Himanshu : maruti in at 6850 levels.. in cash shai
10:44 Shai : Had suggested longs here earlier this month when that 6950 was taken out
10:44 Shai : cool . +1
10:44 Himanshu : yes shai
10:44 Kathir : TY shai for dreddy views
10:45 Shai : 8150- 200 plus minus to watch for med term
10:45 Shai : that is the zone where liquidation happened
10:46 Shai : if sellers don’t show up there then upsides are good
10:46 Himanshu : thanks shai will be booking out from 8000 levels
15:09 Kathir : @ tej DRL near 2600
15:11 Shai : You seriusly expect Tej to stay in DRL? 🙂 He would have done 200 trips elsewhere by now 🙂
15:11 MJ : Lol
15:13 TP : yes totally forgot about DRL 🙂
15:13 Kathir : lol shai
15:14 TP : my ce is at 19 only
15:14 Kathir : yep 🙂
15:15 Kathir : I am justtracking drl for setlmnt day trade in options..1 to 10 20 kind
15:15 MJ : Kathir slack us.
15:15 MJ : When you find.
15:15 TP : ok, looks like a good one if stays above 26k
15:16 TP : tomorrow could be icicibank day , watch it.
15:16 Kathir : sure Mihir . Ok tej
15:16 Kathir : Shai has to say levels above 2600 in drl is sustains
15:16 Kathir : if