Many traders are looking for information on how to use market conditions to find good trades. Order Flow is best understood as a way to see existing bias in the markets. Order Flow helps us understand who is in control of the market and who is ‘upside down’ and likely to make exits from that position in a loss.
Volume Profile and Order Flow are very good tools to assist you in trading. You can also use it along with your existing setup.
NF
BNF
Room Chat
(08:38) Uttam : Good Morning All 🙂
(08:38) Uttam : https://vtrender.com/market-profile-analysis-dated-29th-december-2020/
(08:52) Chandrashekhar : GM all
(09:00) Surya : Good morning all !
(09:00) Ankush Jain: GM all
(09:01) Rusi : Gm all
(09:02) Subhadeep : Good morning!
(09:02) Abhishek : GM all
(09:03) Sumit : Good morning all
(09:03) Rohan : GM All
(09:08) Ashwath : Good morning all
(09:11) Kailash : GM All
(09:17) Ankush Jain: we looking at drive down?
(09:17) Sanjib : NF does 80% Rule
(09:17) Tejaswini : ORR?
(09:18) Sanjib : BNF does 1 ATR from FA
(09:24) Sumeet : ’tis the season for a drive, isnt it ?
(09:26) Uttam : 13890 on watch in NF
(09:28) Ankush Jain: some dukaan trades lagta aaj honge
(09:29) Sanjib : DT done with NF 80% in first 5 minutes
(09:29) Ankush Jain: wow
(09:29) Ankush Jain: that was quick S
(09:30) Sanjib : UG reporr said NF was a nice Gaussian profile
(09:30) Sanjib : *report
(09:31) Romen : 1634 green in nifty…
(09:31) Romen : can we start looking for long?
(09:44) Chandrashekhar : 933 Prevous POC & Vwap here for NF
(09:44) Uttam : downside 80% Rule done and now looking at the reverse
(09:44) Uttam : 13890 onnce again held
(09:45) Uttam : 13915 immediate ref
(09:47) Uttam : 13955 ref on upside
(09:47) Uttam : 31200 yVAL ref in BNF
(09:47) Uttam : RB there for now
(09:53) Prashant : Uttam, what do the blue horizontal lines in room MP charts show? For yesterday, around 13908 and 13954. Are not val/vah which have diff values.
(09:54) Uttam : they are the Value Area lines only P
(09:54) Uttam : but TPO based
(09:54) Uttam : vol based value will be slightly different
(09:54) Prashant : ok….tpo based VA..thanks
(09:55) Uttam : NF testing that 13915
(09:56) Uttam : though a bit early but selling tail outside prev day in A period & staying below vwap not good sign
(09:57) Uttam : good thing is no active / big sellers too as of now
(09:57) Ankush Jain: yes, can’t see any reds
(09:57) Sanjib : 13915 held so far
(09:58) Uttam : yes but needs some greens at 13930 for that 13955 test
(09:58) Ankush Jain: after initial thrust, auction seems to slow down
(10:04) Uttam : that 1635 green is a roll
(10:04) Uttam : similar vol in Jan
(10:04) Ankush Jain: vwap flattening
(10:06) Ankush Jain: last 2-3 days of series can be difficult to judge from volume point of view
(10:07) Tejaswini : +1 Ankush
(10:13) Ashwath : Hi Uttam – Shai is not arround?
(10:14) Uttam : yes Ashwath, he’s on his annual XMas break and will be back today evening
(10:14) Ankush Jain: so he will be here for the last expiry of the year?
(10:15) Chandrashekhar : 13900 OI building up both sides since morning
(10:16) Ankush Jain: yes C
(10:16) Ankush Jain: fresh pe>freshce
(10:16) Ankush Jain: but Cumm ce>pe
(10:17) Chandrashekhar : +1
(10:17) Ankush Jain: B side volumes quite low
(10:18) Ankush Jain: least for past 17 days
(10:18) Uttam : relatively big IB in both
(10:18) Uttam : A period got extra range so B cconsolidating
(10:22) Ankush Jain: 13915 being tested again & again
(10:22) Uttam : some reds in BNF getting stuck
(10:22) Chandrashekhar : reds in BNF getting stuck?
(10:26) Uttam : C side coming in both?
(10:27) Surya : C side trying to test IBL
(10:29) Sanjib : C side in BNF
(10:29) Uttam : 1k buyer there
(10:42) K2dt : UG that 1100 buyer or roll in bnf?
(10:42) Chandrashekhar : not a good c side for BNF uttam?
(10:43) Chandrashekhar : i mean no dhokha this time?
(10:44) Uttam : does not look like a roll K
(10:44) K2dt : tx UG
(10:44) Uttam : good C side na C so far as got rejected from below IBL & got a RB
(10:44) Uttam : first objective vwap now
(10:54) Uttam : remember C side has even better chance in this condoction? – (10:18) Uttam : relatively big IB in both
(10:55) Uttam : vwap aaya kya in BNF?
(10:55) Uttam : NF going for 13955 test?
(10:56) Uttam : getting there – (10:44) Uttam : good C side na C so far as got rejected from below IBL & got a RB(10:44) Uttam : first objective vwap now
(10:56) Sanjib : 31200 CE 219 to 245 done
(10:56) Uttam : congo S
(10:56) Sanjib : Thanks UG
(10:56) Uttam : typical C side in play
(10:56) Uttam : BNF tags VWAP
(10:56) Sanjib : Yes, absolutely
(10:56) Sanjib : Great UG
(10:56) Uttam : 125 points from lows where that 1k buyer came
(10:56) Favas : +1ug
(10:57) Uttam : 13955 aaya kya NF mein?
(10:57) Favas : so ug plr still buy on dip?
(10:57) Uttam : C side gave that buy F
(10:57) Favas : okey
(10:57) Uttam : else PLR from open was down after we got rejected at new highs
(10:58) Uttam : remember C side is a contra trade
(10:58) Sanjib : 13952.65 high in this bar
(10:58) Uttam : so quick in & quick out
(10:58) Sanjib : Green flag hoisting in both
(10:58) Uttam : part book at vwap & trail rest to cost for IBH probe
(10:58) Sanjib : caution
(10:58) Aman Singhania: 1000 buyer has d capacity to move so much ?
(10:59) Uttam : NF does reverse 80% too
(10:59) Sanjib : +1
(11:03) Uttam : Value in both almost same as yesterday
(11:03) Chandrashekhar : balancing now for an imbalance…may be tomorrow?
(11:03) Viswas : b shape profile?
(11:06) Ankush Jain: NF balancing in yesterday’s bell?
(11:23) Uttam : NF took sup at 13930 & now back toi test 13955
(11:23) Uttam : can get into the morning selling tail here
(11:23) Uttam : BNF meanwhile making a perfect ‘b’
(11:39) Uttam : BNF so beautifully filling up the low vol zone of yesterdays profile
(11:39) Uttam : would be a nice 2-day comp in it
(11:42) Rajeshwarrao : UG: Is today buy or sell in BN
(11:44) Uttam : overlapping Value right R today?
(11:45) Uttam : morning was a sell at open as longs seemed to book out wiuth the objective of 1atr from FA being met
(11:45) Uttam : then C side gave a buy for VWAP & IBH with vwap being hit
(11:45) Rajeshwarrao : ok
(11:45) Uttam : now you can see RB at VAL
(11:46) Uttam : fade the extremes kind of day so far
(11:46) Uttam : unless we get initiative vols at either end
(11:51) Anand : 13950 CE OI volume is 30L, PE is 12 L
(11:53) Uttam : and both are rising
(11:53) Uttam : OI that is
(11:54) Sanjib : NF clinging on to yPOC
(11:57) Uttam : 1410 green in BNF
(11:57) Uttam : at new lows of the day
(12:00) Uttam : A period selling tail we have in both
(12:03) Sumeet : probably mr 1410 will sling it back to vwap ?
(12:04) Porus : dpoc and dval have aligned in both?
(12:25) Sanjib : NF seems prepared to form a PPOC again today at 13930
(12:26) Ankush Jain: 14k ce has max oi of 72 lk. Maybe big players poitioned there. Can NF climb that 14k this expiry?
(12:28) Sanjib : @Ankush – NF is facing repeated resistance at 13957 since yesterday
(12:36) Uttam : doom doom
(12:36) Uttam : (12:00) Uttam : A period selling tail we have in both
(12:36) Sanjib : 2600 greens at 31120
(12:36) Sumeet : 2600 green at the bottom bnf
(12:38) Uttam : 13850 coming?
(12:38) Uttam : needs to stay below 13890
(12:39) K2dt : 58-82 13900pee..done finally
(12:40) Sanjib : Nice Kush
(12:42) K2dt : tx S
(12:43) Uttam : G period giving an ext handle in both
(12:44) Uttam : lets see if H can add to it
(12:45) Favas : ug st for shorts/
(12:45) Uttam : 13900pe writers feeling the heat
(12:45) Favas : bnf
(12:45) Uttam : BNF right at yesterdays FA
(12:46) Uttam : break below it can bring more downside
(12:46) Uttam : 30950 / 30729 probable tgts
(12:47) Uttam : 30933*
(12:50) Uttam : NF once again getting demand at Mondays vwap of 13867
(12:50) Uttam : yesterday it make a low of 13868
(12:50) Uttam : today 13870
(12:51) Sanjib : Now takeout today’s high 🙂
(12:59) Sumeet : nifty looks like in a hurry
(13:00) Sumeet : should cross vwap convincingly
(13:00) Sanjib : yeah, it needs to mark its presence at 13930 in the H Period as well…
(13:10) Sanjib : Press Conference at 3 PM today
(13:16) Sumeet : cabinet right ?
(13:16) Sanjib : yes
(13:23) Sumeet : been a few days since saw both indices getting repeatedly whipped at vwap
(13:23) Ankush Jain: holiday mood mein hain indices
(13:24) KK : yesterday went up on 0s at 1 30
(13:29) Uttam : blame it on overlapping Value – (13:23) Sumeet : been a few days since saw both indices getting repeatedly whipped at vwap
(13:30) Favas : ug rr favotble for shorts?
(13:30) Favas : bnf
(13:31) Uttam : (12:45) Uttam : BNF right at yesterdays FA(12:46) Uttam : break below it can bring more downside
(13:32) Favas : tnx
(13:34) Uttam : that RB in BNF just above FA gives vwap
(13:39) Uttam : boom boom coming?
(13:39) Uttam : nikalao
(13:39) Uttam : BNF to be taken out
(13:39) Uttam : 31290*
(13:39) Uttam : NF 13957
(13:39) Uttam : je baat
(13:40) Uttam : 1500 greens in BNF
(13:40) Uttam : lets go guys
(13:42) Augustin : NF might get into the morning selling tail/
(13:45) Uttam : 31290 to the dot in BNF
(13:45) Uttam : uske aage badho bhai log
(13:49) Uttam : BNF looking good
(13:50) Uttam : 31360 immediate hurdle
(13:50) Uttam : 31350*
(13:50) Uttam : NF same old 13957
(13:50) Uttam : adamant seller there
(13:54) Augustin : Any indications based 13950 ce/pe writers covering?
(13:54) Uttam : watching 13900ce/pe for now
(13:54) Uttam : above 90 CE OI could start reducing
(13:55) Augustin : ok
(13:56) Uttam : big IB range & break of IBL not hitting the 1.5 IB objective hence we got a bounce back to day’s VAH
(13:56) Uttam : can we get new hgihs also remains to be seen
(13:59) Uttam : 13954
(13:59) Uttam : ek dhakka
(13:59) Uttam : boom boom
(13:59) Uttam : je baat
(14:00) Uttam : 31350 check done in BNF?
(14:00) Sanjib : done Sir
(14:01) Tejaswini : UG target for 900CE?
(14:01) Sanjib : 1049 green NF
(14:01) Sanjib : dub adega
(14:01) Sanjib : *duba
(14:01) Uttam : part book at 99 & trail rest to cost in that 13900ce if 99 comes
(14:01) Uttam : for now SL below 80
(14:02) Tejaswini : 13900ce writers still adamant
(14:03) Uttam : will not happen in seconds T 🙂
(14:03) Uttam : they will fight
(14:03) Sanjib : that 1513 greens stopped the move for now
(14:03) Uttam : but if price stays above VWAP & 90 they will start covering
(14:04) Augustin : UG – Move into selling tail should have been swift?
(14:04) Amit : A period seller coming back NF ?
(14:05) Sri null: Any target for BNF till close
(14:06) Uttam : 31420 / 31550 / 31750 BNF probable tgts
(14:06) Uttam : book 50% in that 13900ce at 95-96 & trail rest to 85 to make it a risk free trade
(14:07) Uttam : above 100 can move faster that CE
(14:07) Uttam : 115 / 128 expected
(14:08) Uttam : nice move in both from here – (13:39) Uttam : boom boom coming?
(14:09) Uttam : problem is both are in a balance mode
(14:09) Siddhesh : NF should sustain PDH to get 115 🙂
(14:09) Uttam : so may do the breakout only tom
(14:10) Augustin : selling tail not getting rejected and is getting accepted as it’s spending time. is that right interpretation?
(14:11) Uttam : the selling tail today was more of profit booking A as we did not see any aggressive reds
(14:11) Uttam : if we had initiative sellers then VWAP would not have been accepted
(14:11) Augustin : ok. got it
(14:12) Uttam : what have you guys got for K today?
(14:14) MJ : 14k print?
(14:14) MJ : 2 day bell banao yojna by you UG? 🙂
(14:14) MJ : 31st ko bell bajao with some beers eh? 🙂
(14:15) Uttam : lol bell or no bell, beers will always be there ;-p
(14:15) MJ : Missed the room.
(14:16) Uttam : where had you been? Goa?
(14:16) MJ : To the hills UG.
(14:16) Uttam : to meet RM? Goa also has hills by the way
(14:16) MJ : Closer to RM.
(14:16) MJ : lol
(14:22) K2dt : MJ wc back bro
(14:23) Uttam : so Shai coming back to the room tom & year ending with a Trend Day 😉 anyone?
(14:25) MJ : Hello Kush. Still away. Full service resume mid of jan.
(14:26) MJ : Shai Vacation comeback hypo is lethal.
(14:26) K2dt : +1 enjoy the time off 🙂
(14:27) Ankush Jain: K aaj bhi slow hai
(14:29) Tejaswini : NF back to vwap?
(14:29) Uttam : 13996?
(14:30) Sanjib : ab ki baar… 14 hazaar
(14:41) Anand : Uttam.. plz adjust the MP chart to show top better
(14:41) Anand : in NF
(14:43) Himanshu : spike time
(14:48) Ankush Jain: quiet K
(15:03) Uttam : (14:29) Uttam : 13996?
(15:03) Ankush Jain: lao
(15:05) Sanjib : 103 – 13900 CE
(15:07) Anand : Uttam.. what would be good SL for 13900 CE ?
(15:08) Uttam : trail at 96 now if in
(15:09) Anand : ok
(15:09) Uttam : NF at IBH
(15:11) Uttam : spot 11 points away from 14k
(15:11) Uttam : can it do it today?
(15:12) Uttam : spot making marginal new highs
(15:12) Uttam : NF not yet
(15:14) Ankush Jain: ended a good day with +4DT
(15:14) Uttam : congo A
(15:15) Uttam : so the fight will be on for 14k tom
(15:15) Uttam : 58L OI in CE
(15:16) Himanshu : Congrates – Ankush
(15:17) K2dt : yes UG
(15:17) K2dt : congo A
(15:19) Uttam : from 74L OI alreayd down by 18L
(15:19) Uttam : 13996 aaya kya?
(15:20) Uttam : spot wants 14k today
(15:20) Uttam : 13995
(15:21) Uttam : 13997
(15:21) Prashant : 3 tpos at highs currently
(15:24) Ankush Jain: good volumes today
(15:25) MJ : Expiry of the decade tomorrow!
(15:25) Ankush Jain: 🙂
(15:26) MJ : Cheers everyone who stood by 2020 and made greens in their trading account. Happy wisdom sharing in this room as always. Thanks UG and fellow patrons. It has been a super year full of learning. Stay stafe and see you at the top.
(15:27) Uttam : _/\_
(15:27) MJ : Big ups Shai and VT to keep us focused towards the process.
(15:28) Uttam : thanks All 🙂 have a lovely evening
(15:29) Himanshu : Bye all