When we think about how to measure volume in the market one of the keys is Order Flow. It plays a role by telling us what the other traders have done in the market and are currently doing and this provides valuable clues and potential opportunities to trade.
An Order Flow trader can actually see exactly what is happening in the market as it happens. Once you are able to understand what is happening in the present, you are able to make far better decisions about what might happen in the future. Order Flow provides traders with vision into market activity.
NF
BNF
Room Chat
08:59 Vtrender Live : 5 min charts – https://join.me/141-816-237
09:00 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/929959933
09:01 Vtrender Live : 5 min BNF charts – https://zoom.us/j/8647754567?pwd=SThUUzhiaENTRzEwdjRGZ3c2OTFvUT09
09:01 Neeraj : Good morning all
09:01 Seshadri : good morning all
09:02 Manikandan : gm all
09:02 Avinash : GM Everyone
09:04 Anuj : GM everyone
09:04 Vishnu : gm all
09:04 Kaustubh : gm all
09:04 Shai : Gm all
09:05 Shai : welcome to the new series of Aug
09:05 Vishnu : gm all
09:05 Shivakumar : Happy Morning All
09:05 Shai : we work with a new bias and new references in the new series
09:05 Shai : yesterday’s rollover point was at 111093
09:06 Shai : ref line begins at 11093 and is the number to monitor into next week
09:06 Shai : BNF roll point was 21631
09:06 Shai : other ref areas in Uttam’s daily report
09:06 Shai : Please look it up
09:07 Aditya09 : gm all
09:07 Shai : we go slow at the open waiting for volume in the new series to catch up to the old contract
09:07 Shai : https://vtrender.com/market-profile-analysis-dated-30th-july-2020/
09:12 Sachith : Good morning everyone… happy trading
09:12 Tejpreet : GM All.
09:13 Giridhar Gowravajhal : GM all !!!
09:15 Jitender : 21220/ 21041….21540/840 my bnf lvls
09:16 Shai : did tell you at close yesterday that 11100 pe was lucky 🙂
09:17 Ankush Jain : yes
09:17 Shai : open below ref zone
09:17 Ankush Jain : speedo at +500
09:18 Uttam : Good Morning All 🙂
09:18 Shai : speedo is comparing aug contract to yesterday
09:18 Shai : let it settle
09:18 Shai : yesterday vol was higher in july at open
09:19 Ankush Jain : yes
09:19 Jitender : 21320 also on watch…MP lvl (09:15) Jitender : 21220/ 21041….21540/840 my bnf lvls
09:19 Shai : 11055 supp for open
09:20 Jitender : +1..last time we bounced from 11070 july
09:21 Rajesh G : thanks jit
09:21 Jitender : wc ji
09:23 Santosh : good morning all
09:25 Himanshu : .5 DT done – 11000 PE – 99- 89
09:26 Himanshu : Fomo- now 78
09:26 Avinash : +1 H
09:26 Shai : 11170 doable
09:26 Uttam : yes good greens in both
09:26 Shai : sl of 11093
09:27 Uttam : 0s again
09:27 Shai : let it settle – we will respond
09:27 Ankush Jain : long now or wait?
09:29 Vishnu : bnf 15 min vol good ?
09:29 Himanshu : Avi Thx
09:29 Shai : wait
09:30 Shai : homework matters – (09:19) Shai : 11055 supp for open
09:30 Shai : day low of 11054.3
09:30 Ankush Jain : +1
09:30 Tejpreet : +1 Shai
09:30 Ketan : +1 shai
09:30 Kaustubh : +1 Shai
09:30 Rahul : Shai +1
09:31 Shai : 2 cross currents here
09:31 Shai : 11055 still good supp
09:31 Uttam : BNF weak
09:31 Shai : let it settle
09:31 Uttam : needs to get back above PDL
09:31 Uttam : stay above it
09:31 Boppanna : 0’s at Jit’s 540 in BNF and bounce high at 660 Uttam’s bullish hypo
09:33 Himanshu : Reliance has to settle – Result unwinding happening –
09:33 Boppanna : waiting to let it settle quiet Friday afternoons are rare and month end as well
09:33 Himanshu : Pipped below – PDL
09:34 Kaustubh : NF testing VWAP
09:34 Himanshu : *peeped
09:34 Shai : 2110 to watch as supply in RIL
09:35 Shai : infy / tcs propping NF up
09:35 Himanshu : K – Chief thx
09:36 Himanshu : ICICIB – helping hand
09:36 Jitender : charts gone ?
09:37 Shai : charts are fine
09:37 Jitender : oh k
09:37 Jitender : my connc ten
09:38 Uttam : 21500ce from 204-538 50% out
09:39 Uttam : BNF rocks
09:39 Shai : l,ots of 0’s
09:39 Boppanna : COngts Uttam
09:39 Shai : marjket not is sync
09:39 Shai : mind your orders guys
09:39 Rahul : Yep Shai, Algos ?
09:39 Uttam : rrst out at 591
09:39 Uttam : good start to Aug 🙂
09:39 Shai : first few hours of a new series arre never good volume wise
09:40 Uttam : boom boom time
09:40 Uttam : (09:26) Uttam : yes good greens in both
09:40 Avinash : +1 UG
09:40 Kaustubh : congrats UG great start
09:40 Prashant : VAH in the blue box keeps changing b/w 11095 and 11252. Is that right?
09:41 Uttam : BNF going for 21950?
09:42 Uttam : 21853 minor hurdle
09:42 Uttam : 21710 ref on down side
09:42 Uttam : NF needs to sustain above 11133
09:42 Rahul : Shai we hv alg i believe
09:42 Uttam : (09:31) Uttam : needs to get back above PDL(09:31) Uttam : stay above it
09:43 Jitender : 2200ce 242..30-336….DT done (09:31) Boppanna : 0’s at Jit’s 540 in BNF
09:44 Avinash : +1 Jit
09:44 Jitender : 11 mins to peace 🙂
09:44 Shai : Buy NF abv 11146 sl of 11113 tgt 11193
09:45 Vishnu : +1 jit
09:45 Jitender : tx A n V
09:45 Ketan : congrats jit
09:46 Jitender : tx K
09:46 Uttam : BNF turning out to be an ORR
09:46 Uttam : NF also though vols are lower
09:47 Uttam : lets see how the A period singles hold
09:47 Saheer : Congrats Jit
09:47 Jitender : tx S
09:47 Rajiv Ohri : NF longs in?
09:47 Shai : if in NF exit at 11130 cmp
09:48 Shai : looking f=or volume abv 11146
09:48 Rajesh G : thanks jit for u r levels
09:48 Uttam : 21827 high so far – a) BNF needs to sustain above 21660 for a rise to 21710-760 / 21822-875 / 21955 / 22020-151 & 22200-290
09:48 Shai : not gettying any yet
09:48 Shai : Avoid that long
09:48 Shai : we won’t be in it
09:48 Rajesh G : ok shai
09:48 Rajiv Ohri : Sure
09:48 Ankush Jain : any longs, quit?
09:49 Jitender : happy to help (09:48) Rajesh G : thanks jit for u r levels
09:49 Shai : yes\
09:50 Ankush Jain : 11100 pe 81-71 and out
09:50 Ankush Jain : rather 11000
09:50 Santosh : timing of exit
09:50 Jitender : +1 Ankush
09:50 Santosh : super Shai. that timing to exit longs was superb.
09:51 Shai : +1
09:51 Shai : same as the 11146 we watched yesterday
09:51 Ankush Jain : Shai POC of prev NF bar sitting right at top, not a good sign for longs?
09:51 Vishnu : bnf good volume shai?
09:51 Rahul : Jit tanks for that BNF levels
09:51 Shai : luckily spot and F prem are the same as we rollover
09:51 Sumeet : And the stuck 33k gave added confirmation from OF ?
09:52 Shai : BNF vol not good yet- watch 21986
09:52 Narendra : thats a good exit shai .. may i know what made u so
09:52 Jitender : 827 high 🙂 (09:51) Rahul : Jit tanks for that BNF levels
09:52 Rahul : yep
09:52 Jitender : all late shrters cleaned
09:52 Shai : RS instead of IB abv 11146- (09:52) Narendra : thats a good exit shai .. may i know what made u so
09:53 Rahul : yep
09:54 Vishnu : +1 shai
09:55 Rahul : 00 are some crap
09:55 Kaustubh : can short for vwap?
09:55 Kaustubh : if it goes below with OF action
09:58 Kaustubh : SShai Spedo compares withe yesterdays’s same time frame right
10:02 KK : UG, If BNF in ORR, then entry here with SL 580 works ?
10:02 Maxis : speedo is todays volume compared with last 3 days volume of the same TF and same condle time.
10:02 Rahul : speed speed at 300
10:03 Shai : same instrument also guys
10:03 Maxis : 300???
10:03 Shai : this is not rollover volume
10:03 Kaustubh : cracked
10:03 Shai : may be off today cos it compares last 3 days of aug F volume versus today
10:03 Rahul : Yes Maxis
10:03 Shai : not July F
10:04 Shai : Jully > aug F vols upo 3.15 yesterday
10:04 Kaustubh : thanks SHai
10:04 Shai : hope am clear
10:04 Aditya09 : yes shai
10:05 Maxis : ya, got that. so can’t it compare with continues contracts? will that not be a fair comparision?
10:06 Shai : Volume guys do not use continuous
10:06 Shai : that is price based guys only
10:06 Rahul : thanks shai
10:07 Shai : if a trader has a long tern bias, he will keep the same volume in july and aug F also
10:07 Shai : so that way vfols should match
10:08 Boppanna : BNF how you doing 🙂
10:09 Uttam : BNF low in this dip right at PDL
10:09 Uttam : below it ORR gets negated
10:09 Uttam : reds
10:10 Jitender : Rahul got it back to 540 🙂 (09:51) Rahul : Jit tanks for that BNF levels(09:52) Jitender : 827 high 🙂 (09:51) Rahul : Jit tanks for that BNF levels
10:10 Prashant : Some lag in charts
10:10 Tejpreet : Day job done.
10:10 Uttam : A period singles all but taken out
10:10 Uttam : not looking good
10:10 Jitender : +1 Tej
10:10 Uttam : BNF can got for new lows with 21660 ref on upside
10:11 Maxis : ok Sire, understood.
10:11 Rahul : Yes Jit, with UG and Shai, if possible share once in morning
10:11 Tejpreet : tks Jit
10:12 Boppanna : +1 Tej
10:12 Tejpreet : Congrats to all greens in the morning
10:12 Jitender : Rahul…go with Shai’s analysis esp his comments….
10:12 Himanshu : Chief – COT figures in 5 Mt charts are not there,,
10:13 Boppanna : No trades here Tej don’t leave us out
10:13 SandeepP : COT is -1.5L for 30 min in NIFTY does it mean we can go s short ?
10:13 Rahul : Indeed Shai levels are just rock solid.
10:13 Rahul : Resoect for all VT members
10:13 Rahul : *Respect
10:14 Kaustubh : comon C give us some trades
10:15 Uttam : one small part of A period singles being saved
10:16 Boppanna : Jit any news expected today?
10:17 Rahul : UG may i ask what that will singles will mean if not touched
10:17 Kaustubh : A’s beloww 11072
10:17 Kaustubh : singles A
10:18 Uttam : (10:10) Uttam : BNF can got for new lows with 21660 ref on upside
10:18 Kaustubh : or BNF 21540
10:18 Jitender : apart from normal results..nuthn on radar so far BoPs
10:19 Uttam : 21659.9 high so far in this bounce
10:19 Boppanna : thx
10:19 Rahul : Yes UG
10:19 Jitender : FANG stocks yday had sublime resullts…tats why US stocks are pumped up
10:19 Uttam : above 21660 bias again up for BNF
10:20 Uttam : A period singles how much ever small if out of previous day’s range signals good buying
10:20 Uttam : so far both NF & BNF have them
10:20 Uttam : the fight is on here
10:22 Uttam : IB range is btter than average so can form a balance for sometime
10:23 Uttam : BNf fresh greebs
10:23 Uttam : above that 21660
10:23 Kaustubh : 18k red k
10:23 Kaustubh : stuck
10:25 Seshadri : whats big HVN ??
10:25 Kaustubh : high volume nodes
10:25 Rahul : UG levels above 21660 we see 21840 ?
10:25 Boppanna : Looks like the range set for the morning session if D doesn’t move
10:25 Boppanna : in BNF
10:28 Uttam : giving a DD Bops 😉
10:28 Seshadri : Whats july POC for nifty
10:28 Uttam : 10806 – given in the daily report
10:28 Seshadri : ok. thanks
10:29 Boppanna : want to say Day Range set but Friday so freaky as usual
10:30 Uttam : C side coming u?
10:30 Uttam : up?
10:30 K2dt : sbi results today bops
10:30 Sanjib : not today
10:30 Jitender : guys..if permit 2 mins..will share a setup / obs fr all
10:31 Jitender : ok guys..just sharing an obs wrt expiry…wenever post 1.30 (prior to tat if its not a trend day)….u get one sided movement from 1.30/2 till 3.30….its usually expiry related…ten in IB on fryday u get one contra move to that breakdown level roughly…tis is due to inventory adjustment in cash by thoose expiry players……for eg….mkt broke down from tat 845-865 lvls yday and we got a PB to that level roughly today
10:31 Shashidhar : sure
10:31 K2dt : nse shows 31.7?? is it delayed?
10:31 Jitender : earlier it used to happen with regularity…but freq is reduced now due to algo’s but its still a 70% + probab setup
10:31 Sanjib : sorry K2dt – it’s today
10:32 Favas : +1jit
10:32 Jitender : so tats y …never dive in Fryday morn…if extreme closn happens on thrusday expiry
10:32 K2dt : observed same Jit.. thnx this solidifies my obs 🙂
10:32 Shashidhar : great observation JIT
10:32 Boppanna : +1 yes have noticed similar obsvn
10:32 Anuj : thnx Jit
10:32 Avinash : Nice obs Jit Thanks
10:32 Kaustubh : thanks Jit
10:33 Uttam : NF stalling at 11133
10:33 Sanjib : +1 Jit
10:33 Rahul : Thanks Jit
10:33 Chintan : thanks Jit for the info. +1
10:33 Shai : +1- (10:32) Jitender : so tats y …never dive in Fryday morn…if extreme closn happens on thrusday expiry
10:33 Uttam : yes Bops, you have alerted on that many times too
10:33 Uttam : +1
10:34 Jitender : cheers guys
10:35 Boppanna : Yes Shai had shared the same obsvn as well
10:35 Uttam : +1
10:35 Prashant : Thanks Jit..
10:35 SandeepP : thanks jit
10:36 Uttam : auction coliing after that long A period
10:36 Uttam : C making a double inside bar in both so far
10:37 Uttam : D side RE coming up?
10:37 Rajesh G : thanks jit
10:37 Uttam : or will it be the G
10:37 Uttam : like yesterdat
10:37 Rajan : + 1 Jit…is it same with NF also??
10:38 Jitender : ys ..with indexes
10:38 Jitender : but since bnf is easily manipulated with 2-3 stocks esp hdfc
10:38 Jitender : its more apparent / easy tere
10:39 Jitender : i and Tej used to trade tis ..before any of the members here had joined 🙂
10:40 Tejpreet : +1 Jit
10:43 Uttam : C side done
10:44 Uttam : peacefully without any dhoka
10:44 Rahul : I was waiting for C side Dhoka
10:44 Uttam : C side dhoka not coming is also a signal
10:46 Rahul : More jalebis in this area or a move upside ?
10:46 Kaustubh : signal of DD?
10:46 Uttam : signal that any RE coming in the D period could be a stready one
10:46 Uttam : especially if you have A period singles at the other end
10:47 Uttam : (10:22) Uttam : IB range is btter than average so can form a balance for sometime
10:48 Kaustubh : even if it goes down from D period as we said signle As have a good buying signal as wel
10:49 Uttam : as long as that buying tail is not ventured into we can take it as demand zone
10:49 Uttam : if that gets negated then can look for IS in OF to short
10:50 Kaustubh : thanks UG clear
10:50 Rahul : Thansk UG
10:50 Uttam : for now reds getting stuck below VWAP
10:50 Uttam : in both
10:54 Uttam : NF needs to get above 11133 & BNF 21710
10:55 SandeepP : why ?
10:55 SandeepP : pls explain
10:55 SandeepP : are those vwap levels
10:56 Uttam : speedo at upper circuit Shai 😉
10:56 Uttam : not moving
10:56 SandeepP : not vwap level .. 11133 21710 .. basis please ?
10:58 Kaustubh : UG what if D also remains in balance and then we look for G period next or we can consider E or F as well
10:59 Uttam : we can Kaustubh if we get a RE & OF confirmation and take the IB extesnion trade set up
11:00 Kaustubh : cool thanks UG
11:00 Uttam : check the hypos Sandeep – (10:56) SandeepP : not vwap level .. 11133 21710 .. basis please ?
11:01 Uttam : the coiling continues
11:01 Uttam : D has been triple inside so far
11:03 Tejpreet : Jit what happened to that PM meet /rbi/bankers .
11:03 Govind : 560 needs to break with vols in BNF
11:03 Uttam : or 710 Gov 🙂
11:04 Uttam : one of the 2
11:04 Uttam : reds here again in bNF below vwap
11:05 Tejpreet : Gov 560/ Uttam 710/ bops range bound/ Jit missing …no wonder bn is confused 🙂
11:05 Uttam : big IB range of 427 points is the culprit Tej
11:05 Govind : Yes Uttam, 710 on the upside
11:06 Uttam : some good reds build up seen in BNF
11:06 Uttam : below vwap
11:06 Govind : Tej 🙂
11:07 Govind : PDL holding for now
11:07 Uttam : A period sigles also right there
11:07 Govind : Yes
11:07 Uttam : 21560 was the VWAP of a 4-day balance Gov 🙂
11:07 Uttam : 14-17 Jul
11:08 Govind : Yeah Uttam, saw that….so, should be a good move down if that breaks
11:08 Uttam : 21590 is forming an IS here
11:08 Uttam : can it hold
11:08 Govind : Big 4 showing downward inclination as well
11:08 Uttam : then you giving doom doom before D ends?
11:09 Himanshu : 2 more scalp doem 11k PE – 1 Dt complete
11:09 Govind : dont know bro, it coud stop and reverse at IBL for all I know 🙂
11:11 Himanshu : UG – COT figures are not posetd in chart in 5 mt and here.. is it due to new settlement starting
11:12 Uttam : COT is there in the bottom pane na H?
11:12 Shai : COt is there at bottom of chart’
11:12 Himanshu : eys
11:13 Himanshu : I see that – We are so used to the earleir design
11:13 Himanshu : casue we have to scroll it down while in Bar to see what’s happening
11:13 Shai : I have been recieving a lot of feedback from you guys
11:13 Shai : And I reived one from Manish earlier in the week
11:13 Shai : he said we should reduce duplication on charts
11:14 Shai : something which made sense immediately
11:14 Rahul : thos 26k reds stuck ?
11:14 Uttam : +1
11:14 Rahul : seems like
11:14 Prashant : +1 to dyplication…
11:14 Shai : Please keep sending your feedback guys
11:14 Shai : I’m here to listen 🙂
11:14 Himanshu : Fine- But if you see visually in 5 mt chart while with in bar at IBH o rVAH – tabel goes out or screen
11:15 Shai : okay
11:15 Prashant : If possible, the numbers in box on upper left be colour coded to match the colours on the main chart
11:15 Himanshu : So we cant see net COT – which is you know – 1L NF/30/40 K in BNF is Key – is crucial qunat at deciding level – Or else we will have parallex in eyes scrolling up down
11:16 Maxis : ++ chief
11:17 Shai : feedback on email or DM me on slack- will get lost here in conversation
11:17 Himanshu : OK Ji
11:22 Govind : go below dval BNF
11:23 Maxis : who’s leading today? nf, bnf?
11:23 Himanshu : Chief – placed feedback at Slackbot channel
11:24 Himanshu : Premium in NF Is going up-
11:24 Himanshu : they bent on protecting 11K
11:24 Boppanna : both at dval Maxis
11:26 Rahul : Reds
11:26 Boppanna : IS
11:27 Boppanna : 0’s in at 83 NF
11:28 Govind : 355 to 392, 21400PE
11:28 Maxis : mark those untested 0’s ???
11:28 Uttam : congo Gov
11:28 Sanjib : Congo Gov
11:28 Chintan : +1 gov
11:29 Boppanna : Needs to push thru PDL first
11:29 Boppanna : thx
11:29 Uttam : 0s again in NF
11:29 Rahul : 00 again
11:29 Boppanna : IBL test done?
11:30 Govind : Thanks guys, singles still holding
11:30 K2dt : 126-145 11100pe
11:30 K2dt : congo Gov
11:30 Boppanna : +1Gov
11:31 Rahul : 25 k stuck ?/
11:31 Aditya09 : k2 what made you take the put pls explain?
11:31 Himanshu : Now A singles confirmed .. Fry day so cant say
11:32 Maxis : nf’s sl?
11:33 K2dt : Adi look at the micro balance from 1045-1100 in NF.. also it failed to cross dvah and the open.. faded near vwap..hence took puts
11:34 Govind : thanks Kushal and Bops
11:34 Jitender : congo Gov
11:34 Jitender : (09:19) Shai : 11055 supp for open(09:20) Jitender : +1..last time we bounced from 11070 july
11:35 Govind : Thanks Jit, lovely observations this morning about expiry related moves. Thanks for sharing again man.
11:35 Rahul : these 000 sometime can help, did not took trade just obserbed
11:36 Jitender : wc bro
11:36 Uttam : nice trade Kushal – (11:30) K2dt : 126-145 11100pe
11:37 Govind : Congo Kushal
11:37 Uttam : NF accepted below VWAP and almost tested the lows
11:37 Uttam : nice bell in both
11:37 K2dt : thnx UG and Gov
11:38 Govind : today is much better to trade than the first day of July series, if I recall correctly
11:38 Uttam : this still on – (10:22) Uttam : IB range is btter than average so can form a balance for sometime
11:38 Maxis : in spite of those 0’s, is not doing well
11:38 Uttam : @Maxis there is no big vols today
11:38 Aditya09 : thanks k2
11:38 Maxis : one more, may be?
11:38 Maxis : ok
11:38 Uttam : 0s can also come when liquidity is less
11:38 K2dt : July 1st week was a pain Gov
11:39 Uttam : and those 0s dont stay
11:39 Boppanna : My two cents when in a trade just keep ur part booking levels and trails handy at references Shai shares in NF all thru the day and and morning commentary most importan so that u don’t lose on profits made
11:39 Uttam : Bops DD plan still on?
11:40 Maxis : ya, pb & yrail is the way to do, sure 🙂
11:40 Tejpreet : +1 Bops and can always reneter !!
11:40 Maxis : trail*
11:40 Boppanna : Like Jit Shared earlier if short on that IS would have part booked close to 11060 and trailed the rest as 11055 was Shai’s ref
11:41 Shai : NF likely to test 11055 again now
11:41 Shai : has got weak below vwap again
11:42 Shai : we seell the next rise near vwap
11:42 Vishnu : bnf for 21k shai?
11:42 Shai : mostly panning out as a normal day
11:42 Shai : within the A
11:42 Kaustubh : amazing levels shai shorted 11100 till 11060
11:42 Shai : But on friday the normal day has very poor chances to stay nornmal beyond 2 pm
11:42 Shai : so we wait on fresh volumes
11:43 Shai : +1
11:43 Kaustubh : now waiting for vwap to test again
11:43 Shai : I encourage you alll to trade independently here – just have a clear head when you punch it and use the OF
11:43 Mahvir : guys, not able to see vwap in chart.. can u please tell the level?
11:44 Shai : 11102
11:44 Mahvir : thanks sir
11:44 Uttam : it is mentioend in the left box Mahvir
11:44 Rahul : volumes poor shai
11:45 Vishnu : yes shai
11:45 Mahvir : ug : 11104.05?
11:45 Uttam : yep
11:46 Mahvir : thanks
11:46 Uttam : 🙂 +1
11:47 K2dt : so that meet between pm and sebi was all froth??
11:55 Shai : intra – short NF below 11088 sl of 11116 tgt 11053/ 11025
11:55 Shai : short below*
11:58 Govind : HDFCB made an IBL extension and is still below that level…worth watching
12:03 Himanshu : 3rd Scalp – 11K PE- 96- 81
12:03 Himanshu : Phew
12:03 Shai : Move sl up to 11126
12:07 Jitender : nf trade 11066-11107 half thru
12:08 Boppanna : Congts Jit
12:08 Himanshu : Gov – In HDFC B – now we have one inside buyer with 840 Cr + Cash Chest –
12:08 K2dt : nf trade haan Jit 🙂
12:08 Chintan : congo jit
12:08 K2dt : congrats
12:08 Jitender : tx guys
12:09 Govind : Ok H, chart is looking weak
12:09 Himanshu : Oh Yes
12:10 Uttam : G period about to start
12:10 Kaustubh : can we expect a move towards A
12:10 VijayT : Congo Jit
12:10 Maxis : 3rd scalp and half on 066 to 107 says something about this place.
12:10 Avinash : +1 Jit
12:10 Govind : Kotak and ICICI moving
12:10 Himanshu : 1K imp – in HDFCB – Rally in July started from 1005
12:11 Jitender : tx guys
12:11 Vishnu : ug for the monthly fa bnk nifty need to close above 22350?
12:12 Kaustubh : shai can we enter fresh shorts here or wait for G period
12:14 Uttam : yes Vishnu
12:15 Jitender : out on bal…nf
12:16 Tejpreet : Just saw the chats…Jit playing NF today +1
12:17 Jitender : tx ..
12:18 Shai : make exits – (11:55) Shai : intra – short NF below 11088 sl of 11116 tgt 11053/ 11025
12:18 Shai : not doibg anything below 11088 yet
12:19 Shai : one up move to 11150 is there again in tape then, as rotations continue
12:19 Seshadri : today SBI result
12:25 Maxis : 115 and back !!!
12:25 Maxis : dig that pression
12:25 Maxis : ++
12:25 Kaustubh : IS -RB -RS -IS
12:26 Kaustubh : is that short still valid
12:26 Shai : No I’m out
12:27 Shai : context is a balance
12:27 Kaustubh : yeah balanced profile as of now
12:27 Kaustubh : thanks shai
12:27 Maxis : means, it is just returning to balance. will see if returns / tilts to imbalance?
12:29 Kaustubh : chart stuck in room
12:29 Maxis : ya
12:31 Shai : G is not going anywhere
12:31 Shai : that is not good news for a breakout trader
12:31 Shai : !
12:31 Maxis : that why charts got stuck?
12:31 Uttam : yes Shai
12:31 Fenil : 😀
12:31 Shai : try to fade moves now, as contect remains a balance
12:32 Rajiv Ohri : Shai 3IB rule possible in BNF
12:35 Maxis : chief, “context remains a balance”, means like “nothing doing here, wait for imbalance to happen !” ?
12:38 Maxis : what range in bnf.
12:38 Boppanna : @Maxis in a balance fade the extremes have a better RR trades rather than a breakout out
12:39 Boppanna : *trades
12:39 Maxis : noted //
12:40 Maxis : this is opposite to fat belly?
12:41 Maxis : raiders of the storm
12:41 Maxis : out of dval
12:42 SandeepP : nocharts
12:42 Maxis : ooo too, means nothing though
12:46 Rahul : agains lows are not broken
12:48 Jitender : bnf doing 540-650 fr since 1 hr
12:49 Himanshu : Cause you have no open pos
12:49 Himanshu : Once Jit- Bopp – Tej – UG and Chief put weight
12:49 Himanshu : You guys enjoying Cuppa – Coffee –
12:54 Maxis : there’s a channel, Radio Paradise, to compliment that coffee.
12:54 Maxis : forever there
12:59 Jitender : one more round …burpp (12:48) Jitender : bnf doing 540-650 fr since 1 hr
13:00 Rajesh G : nifty faded from 11065 to 11095 thanks shai
13:00 Uttam : 11100ce vrom 107-114 50% out
13:00 Himanshu : DAX crawling back – EU
13:01 KK : 11.1 PE 143 to 129
13:02 Himanshu : Hain – you are shorting 11.1 PE – BRavo
13:04 Rahul : good one kk
13:05 Rahul : it was thitd ateempt since morning from your shorting levels
13:05 K2dt : sbi results out?
13:06 SandeepP : i just wish markets bleed i am all short
13:07 Himanshu : Jit – is with TV on –
13:07 Maxis : 😀
13:07 Kaustubh : what levels sandeep?
13:07 Jitender : nt yet
13:07 Himanshu : k
13:07 Jitender : results i mean
13:08 Himanshu : Yk
13:08 K2dt : saw big vols..not out yet
13:08 Himanshu : SBI spiked up with VOl
13:09 Himanshu : 195 was seller yday
13:19 Rahul : kya jaledbi bana raha hai market
13:19 Rajesh G : jit sbin your view?
13:20 Jitender : dont track it bro…Sanjib can tell
13:20 Jitender : he does result tradn very well
13:21 Sanjib : ha ha thanks Jit. No views till the results are out; then depending on whether it meets the market expectations or not I trade
13:21 Sanjib : Today did the same with RIL
13:23 Jitender : +1
13:23 Uttam : Shai had given the level 2130 in RIL before NF started correcting & today high in RIL 2129
13:23 Jitender : RIL even i did Sanjib 2120-2084 half thru…rest holdn
13:24 Jitender : Gov..will cause a landslide tere if 2075 brks n sustains
13:24 Sanjib : I did 2103 to 2086; entered again at 2085; booked half at 2074 and holding the 50% balance at Sell Price of 2085
13:25 Jitender : congo bro
13:25 Rajesh G : thanks
13:25 Sanjib : Thanks
13:25 Chintan : congo Jit and Sanjib for RIL trade
13:25 Jitender : tx C
13:26 Sanjib : Patiently waiting for SBI but wife calling for lunch. What to do? anytime it can come out now
13:26 Sanjib : Thanks Chintan
13:26 Jitender : have lunch bro,,,,
13:26 Jitender : better choice 🙂
13:26 Sanjib : ha ha
13:27 Sanjib : yes nahi to raat ko khana nahi milega
13:28 Sanjib : RIL OI in Futures have gone up from 34.5 million to 37.6; last hour looks ominous
13:29 Sanjib : from 10:30 AM till now
13:29 Sylvester : Shorting Reliance and not listening to your wife. Sanjib ji is brave .
13:29 SandeepP : shorting reliance , thanks for inputs
13:29 Sanjib : 🙂 Sylvester
13:30 Jitender : hehe
13:30 Govind : RIL short is a better play if it gives a IBL RE, IMO
13:30 Govind : and with volumes
13:32 Jitender : guys nobody trades RIL like Gov…he has his finger on its pulse
13:32 Kaustubh : 000 in NF
13:33 Govind : Jit _/\_
13:33 SandeepP : gov thanks now i have doubled the qty
13:33 Rahul : 00
13:34 Jitender : haha burp burp (12:59) Jitender : one more round …burpp (12:48) Jitender : bnf doing 540-650 fr since 1 hr
13:34 Jitender : lovely day….
13:34 Jitender : done fr the day..will watch n scalpnow
13:34 Himanshu : 145K green
13:35 Uttam : 11000pe from 95-105
13:35 Rahul : yep
13:36 Rahul : Sbi results out
13:36 Govind : congo Uttam
13:36 Maxis : sbi flip#
13:36 Jitender : sbi out
13:37 Maxis : intresting to watch the show
13:37 Jitender : nii improved
13:37 Vyom : sbi results are always tricky. lot of internals become clear later
13:37 Rahul : prfit and NPA a better
13:37 Ankush Jain : we play for RE now?
13:37 Rahul : exceptional gain of 15.4 billion
13:38 Maxis : if this fades, bnf will become bnfffff, what ud?
13:38 Maxis : ug *
13:39 Ankush Jain : Shai what is this 1.47lk buyer in NF?
13:40 Maxis : part booking?
13:40 Maxis : sbi coming back
13:41 Shai : Intra – shoirt NF 11035 sl of 11059 tgt 10991
13:41 Shai : tgt 2 is 10940
13:43 Kaustubh : in
13:44 Shai : tyhat 135K is sl orders
13:44 Shai : executed qty in that is 41K only
13:44 Shai : trade taken on 0’s below IBL
13:44 Maxis : ++
13:44 Ankush Jain : ok
13:50 Shai : early stages of a move which can give 100 points at least if K supports here
13:50 Shai : sl is easy at 11060
13:50 Ankush Jain : wow
13:50 Rahul : cool
13:51 Ankush Jain : 11060 is above 0s?
13:51 Uttam : BNF not extending
13:51 Shai : put sl at 11063 for this
13:54 Jitender : moratorium is at 9.5% of term loan book from 23% last Qtr
13:54 Jitender : fr sbi
13:55 Shai : so people are paying up everywhere
13:55 Shai : NF sl taken
13:55 Himanshu : Spot blasted up
13:56 Shai : make exit
13:56 Ankush Jain : again 0s
13:56 Ankush Jain : NF is shooting upp
13:56 Rahul : banks hv given better results in lockdown
13:57 Uttam : 2L COT
13:57 Shai : sl’s takem in NF
13:57 Shai : hope everyone got exit
13:57 Rahul : yep
13:57 Rahul : thos SL helps
13:57 Maxis : y
13:57 Anuj : Y
13:58 Kaustubh : y
13:58 Rahul : what happened
13:58 Kaustubh : crazy move
13:58 Jitender : tis (13:54) Jitender : moratorium is at 9.5% of term loan book from 23% last Qtr
13:59 Rahul : yes, but still.
13:59 Jitender : so shrts cvrd
13:59 Tejpreet : Just imagine when intra margin is not there and cash market has no vol ….these moves will be asier to create
13:59 Jitender : yh
14:00 Rahul : SBI still not makign new highs as NF is giving up mmove
14:00 Swapnil : id anyone pays a single emi, or part – then also they can say out of moratorium
14:03 Kaustubh : who was the buyer at the point
14:03 Kaustubh : OTF?
14:03 SandeepP : wat the hell is hapening govind sir why reliance not falling and deendent on sbi 😀
14:04 Govind : Sandeep, did you read my previous message? I had said shorting RIL once IBL gets a RE is better
14:04 Ankush Jain : we are again slipping below vwap
14:05 Uttam : characterictic of a balanced profile
14:05 Ankush Jain : what was that sudden spike
14:05 SandeepP : got it
14:05 Tejpreet : Uttam NF didn’t do 30 min below ibl ??
14:06 Shai : there was no short once 11063 was covered and hence that spike
14:06 Shai : typical balance move
14:06 Shai : happens guys- don;t overthink it
14:06 Shai : other times it works for us- today didn’t
14:07 Shai : 0’s got replaced by 0’s and hence downmove cancelled
14:07 Shai : maybe it just wnats to plonk here now
14:07 Fenil : typical low volumns considering 1st day of expiry?
14:07 Shai : yes
14:07 Shai : volume does not ebter on friday
14:07 Shai : we should get back good vols on tuesday now
14:08 Ankush Jain : not on MOday too
14:10 Uttam : yes Tej probable FA in NF
14:10 KK : tcs covering
14:10 Uttam : plan to start the Aug series with a FA Tej 😉
14:10 Uttam : boom boom
14:11 Uttam : so NEuX you need to give for that
14:11 Uttam : lets get above 11133 now
14:14 Tejpreet : tks Uttam +1
14:15 Uttam : BNF all day in A period range
14:16 Uttam : K for killer move coming?
14:17 Maxis : hahaha
14:17 Maxis : what swings
14:17 Rahul : Should get new lows in K
14:17 Uttam : stalled at dVAH
14:17 Uttam : so dVAL can come
14:17 Uttam : 80%
14:18 Uttam : forming a prominent POC at the RO point of 11095
14:18 K2dt : 69 UG dval 🙂
14:19 Uttam : 11070 🙂
14:19 Rahul : gwt more 00
14:19 K2dt : 😀
14:20 Uttam : BNF prominent POC at 21580
14:20 Uttam : what a nice balance to start the series
14:23 Tejpreet : In a relief to all brokers and traders, SEBI has postponed margin penalty on upfront cash margins to 1st September
14:25 Shai : margin or margin penalty?
14:26 Tejpreet : margin penalty is what was there in tweet
14:26 Shai : okay
14:26 Shai : so first time offenders pardoned
14:26 Irfan : is there any way we can predict such upmove?
14:26 Maxis : sbi up
14:27 Irfan : are there any pointers which we can look for.
14:27 Maxis : what a rock n rolla this
14:27 Govind : let’s go for that IBH in BNF
14:27 Uttam : Gov any chance of giving that 22k?
14:28 Anuj : staying above vwap both
14:28 Anuj : nifty and bn
14:29 Govind : 21900/50 was a meltdown area y’day no UG….let’s see if we can get IBH first
14:29 Shai : yes dval to dvah – (14:26) Irfan : is there any way we can predict such upmove?
14:29 Shai : can trade it with 70% accuracy
14:29 Shai : but you have to be quick and know the context well
14:30 Irfan : thank you Shai
14:30 Uttam : we had a similar quick more yesterday in that 5-day balance
14:31 Uttam : 11169-11090
14:31 Uttam : in Jul F
14:31 Tejpreet : Uttam hope you are not looking at vwap dpoc close 🙁
14:33 Uttam : you need to give a NE for that no to happen Tej 😉
14:33 Rahul : yeaaaaaa
14:33 Uttam : done – (14:17) Uttam : stalled at dVAH(14:17) Uttam : so dVAL can come(14:17) Uttam : 80%(14:19) Uttam : 11070 🙂
14:33 Rahul : gi=onew
14:34 SandeepP : wats 0 0 in the order flow please cna smeone give me one liner
14:35 Irfan : i saw good example of that dVAh move now, what should be the SL for thaat @shai
14:36 Uttam : when you see a RS near dvah SL will be above the highs of that bar
14:36 Uttam : 14:15 hihg was 11114 with RS there
14:36 Uttam : dVAH 1112
14:36 Uttam : 11112*
14:37 Uttam : and now right at 11070we forming a probable RB
14:37 Shai : This is a test guys, who is volunteering to inform here – (14:34) SandeepP : wats 0 0 in the order flow please cna smeone give me one liner
14:37 Shai : Let’s see how many of you picked up on what was discussed
14:38 Rajesh G : o are where the auction gets completed and act as support or resistence
14:38 Shai : And…?
14:38 K2dt : no sellers after 11060 hence the 0s in the middle
14:39 Uttam : 0s at extremes mean probable completion of auction in that direction
14:39 Uttam : lack of liquidity
14:39 Uttam : when comes in middle of a bar
14:39 Vijay A : I am new to system, but what I understand from 0 is exhausting point of buyers/ seller
14:39 Rajesh G : insignificant if in middle of the bar
14:40 Uttam : it is not insignificant
14:40 Uttam : you need to see the foolow up to those 0s
14:40 Shai : +1
14:40 Shai : very imp in OF trading
14:40 Uttam : at times they come because an aggressive player takes out all the opposing force
14:40 Shai : And they cancle each other out
14:40 Maxis : where RS in NF at 14:15
14:40 Rajesh G : ok
14:40 SandeepP : thank you all
14:40 Shai : like we saw at 11060
14:41 Prashant : Difficult to understand how prices will skip zeros and take higher price offers when lower ones are available. Only if all sell orders are pulled and buyers have to skip. In an upmove.
14:41 Shai : Again it got supported at 0’s
14:41 Uttam : 11060 low in this dip
14:42 Rajiv Ohri : Shai Down move here now?
14:42 Seshadri : view on Axis bank
14:42 Shai : No Isaid we plonk here – that is my prferred view
14:42 Maxis : UG, where is the RS in NF at 14:15. pls point
14:43 Shai : only caveat is friday today, so stay open
14:43 Uttam : @Maxis it is in the 14:10-14:15 bar gren candle with POC at 11110
14:43 Uttam : next bar again POC formed right at teh same place
14:43 Shai : (14:07) Shai : maybe it just wnats to plonk here now
14:43 Maxis : i got the hang of what a FRYDAY means
14:44 Shai : yes just that one moment when the shiorts came and then they covered
14:44 Shai : I think the entire universe was in on that short today 🙂
14:44 Uttam : but Value lower in both so PLR down Shai on daily?
14:44 Uttam : lol
14:44 Kaustubh : PLR?
14:45 Uttam : that explains the 2.4L COT in NF
14:45 Uttam : PLR – Path of Least Resitance
14:45 Rajiv Ohri : Give me those 50 point down now!
14:46 Uttam : @Tej any plans of giving a spike down?
14:47 Maxis : @ UG, so we read as RS with the combo of the two candles in context of the POC, even though nothing prindes as an IS. All this happening near VAH
14:47 Uttam : for fading we use RS in a balanced zone
14:47 Uttam : IB / IS are for initaitve moves away from a balance
14:47 Uttam : RS / RB to play fading
14:48 Tejpreet : uttam i am nil tsl taken in monthly 111k ce right now.
14:48 Maxis : NF charts need adjust
14:49 Maxis : IS *. typo
14:49 Maxis : RS *. am all fryed
14:49 Ankush Jain : what is the diff between VPOC/DPOC?
14:49 Ankush Jain : DPOC is day POC
14:50 Ankush Jain : & VPOC?
14:50 Maxis : Volume POC?
14:50 Sadees : Virgin POC
14:51 Maxis : untested poc?
14:51 Rajiv Ohri : Shai can see the OF
14:51 Maxis : nf charts
14:54 Kaustubh : whar a choppy day
14:54 Uttam : IBL holding in NF
14:56 Anuj : IBH kar wa do
15:01 Maxis : fa in both will be fun
15:01 Giridhar Gowravajhal : Perfect Balance day today . Neat bells
15:02 Shai : +1
15:03 Uttam : (10:22) Uttam : IB range is btter than average so can form a balance for sometime
15:03 Uttam : this sometime became all the time 😉
15:03 Shai : +1
15:03 Tejpreet : +1
15:04 Uttam : plus monhtly close for July today
15:04 Uttam : so gearing up for a good start in August looks like
15:07 Rajesh G : who are stronger tday
15:07 Uttam : POC & VWAP are levels where both come to an understanding & looks like we are closing there
15:08 Rajesh G : thanks ug
15:08 Uttam : so Neutral but only thing is Value lower so little bit bias on downside but then we had a failed RE today which means demand coming back in this zone
15:08 Uttam : which is why the bell 🙂 let us get some confrimation on Monday or Tuesday if some initiative volumes come in
15:09 Uttam : where we are going for that 10806 / 10765 tag or higher
15:10 Ankush Jain : chrts ?
15:10 Maxis : @ UG, failed RE is for NF too?
15:10 Uttam : for NF only
15:10 Uttam : BNF all day in A
15:10 Uttam : Normal Day there
15:11 Maxis : ok. RE happened but could not stay in the extention and fell back into IB?
15:12 Uttam : when we get a RE we quantify it by checking it if gives the 2IB but today it did not even tag the 1.5 IB which was at 11006
15:12 Uttam : plus stayed below it for less than 30mins
15:13 Uttam : (14:18) Uttam : forming a prominent POC at the RO point of 11095
15:13 Maxis : noted //
15:13 Uttam : prominent POC acts like a magnet and we need some good initiative volumes to show a move away from this point
15:14 Ankush Jain : we have a perfect balnced profile today
15:14 Uttam : so giving a perfect imbaalnced one next week 😉 ?
15:14 Ankush Jain : bring it on
15:14 Aditya09 : ug ro?
15:14 Ankush Jain : balane to imabalnce is the name of the game
15:14 Uttam : Roll Over Point
15:15 Aditya09 : ok
15:15 Ankush Jain : rollover, POC, vwap all converging
15:15 Uttam : has been mentioned in the daily report
15:15 Ankush Jain : we might close at there only
15:15 Aditya09 : ok thanks
15:16 Sunder : what is COT
15:16 Sunder : is there some material to read on the site
15:16 SandeepP : llinks from welcome email
15:17 SandeepP : shai video on basics of MP and OF
15:17 Sunder : hmm. did not see anything on COT on that
15:18 Uttam : you can find COT in slack Sunder
15:18 Uttam : will post the link here wait
15:18 Sunder : thanks
15:19 Maxis : have a boom bastic week end guys, … in the lockdown. bye all, TC
15:19 Uttam : @Sunder – https://vtrender.slack.com/archives/C0F327PUZ/p1589189036007000
15:21 Uttam : COT means total buying minus selling of that bar and apart from COT you need to follow the 4 concepts of OrderFlow namely IB / RB / IS / RS which have been explained in the 90 minute video of OF, the link of which is given in the welcome mail
15:21 Rajesh G : pm to address nation tomorrow
15:21 Rajesh G : ?
15:21 Uttam : we have some more videos on how to use COT in real time trading o5 5min charts in the youtube channel which you can check from the website
15:21 Uttam : PE dropping premium
15:23 Shai : yes swipe down in PE prem
15:23 Sunder : thanks Uttam
15:23 Vyom : what does it indicate?
15:23 Uttam : +1
15:24 SandeepP : wat does it indicate that there will be no further downside next week ?
15:24 Shai : no just weekend adjustments
15:24 Shai : will change monday again
15:24 Shai : All those writers may not get full benefit of carry
15:24 Shai : happens on friday
15:25 Seshadri : monday view
15:25 Shai : imbalance on monday
15:25 Uttam : 🙂
15:25 Seshadri : ok.thanks
15:25 Uttam : month beginning with a drive will be nice Shai
15:25 Ankush Jain : on balanced day strangles work well
15:26 Uttam : even short straddles Ankush
15:26 Ankush Jain : 11100 ce pe has done good
15:26 Uttam : +1
15:26 Shai : +1
15:26 Uttam : strangle means different strike prices
15:26 Ankush Jain : ok
15:26 Ankush Jain : same is straddle
15:26 Ankush Jain : my bad
15:27 Shai : Bye all
15:27 Shai : have a nice restful weekend
15:27 Giridhar Gowravajhal : Thanks Shai & Uttam !!! Bye all !!!
15:27 Shai : catch up on Mon
15:27 Rahul : Thanks Everyone
15:27 Anuj : bye all
15:28 Manikandan : bye all
15:28 Uttam : thanks All 🙂 have a lovely weekend & continue to be safe
15:28 Tejpreet : Bye All.
15:28 Uttam : the festival season starts so its time to be extra careful
15:29 Uttam : today Varamahalakshmi / tom Eid / Monday Rakhi
15:30 Kaustubh : thanks all
15:30 Avinash : Bye everyone
15:32 Himanshu : Bye all
15:32 Himanshu : UG – Chief Thx for gudence
15:32 Himanshu : Jit – Gov- tej – Bopp
15:32 Himanshu : Have a nice weekend