Order Flow trading is thinking about what order market participants do and when you think along this, you can anticipate what kind of action they will be taking in the market. This is a very important concept in Order Flow.
Market participants always look for the weaker side of the market, so both buy and sell stops will be targeted. Just one of the many concepts of Order Flow trading.
NF
BNF
Room Chat
08:57 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/356632357
11:29 Shai : (11:29) Shai : Intra – short BNF 31719 slo 31830 tgt 31560.
12:00 Shai : (12:00) Shai : Book the BNF trade at 31688F.
08:56 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/356632357
09:02 Chandrashekhar : GM all
09:04 Shai : Gm all
09:04 Shai : https://vtrender.com/market-profile-analysis-dated-02nd-december/
09:08 Amit : GM all
09:09 Prajwal null : good morning
09:10 Shai : ref line same 12095-12017 for today
09:10 Shai : enough congestion seen to suggest a break away even if it is as little as 80 points
09:10 Shai : that is something we trade with today as risk is lower for a break away move
09:11 Tejpreet : GM All.
09:11 Shai : look to buy directional on the break above value
09:11 Shai : or below value 🙂
09:12 Shai : staying non – directional is the key
09:12 Prashant : GM!
09:12 Prajwal null : thank you shai
09:12 Subhadip : GM all
09:12 Govind : +1 Shai
09:13 Govind : USDINR gains a bit
09:15 Chandrashekhar : O-H in both NF & BNF
09:17 Uttam : Good Morning All 🙂
09:21 Tejpreet : Uttam put in the drive mode !!
09:21 Uttam : 🙂 Tej cslling RM for that
09:23 Shai : 12050 pe aggressive buy at 62-63 with sl of 52 tgt 84/95
09:23 Boppanna : BNF below 830 could give a quick drop
09:23 Tejpreet : BN likes Uttam.
09:24 Uttam : looks like today is my turn for leg pulling 😉
09:24 Tejpreet : 🙂
09:29 Uttam : looks like that directional move still confused abt the direction 😉 waiting for the event to be over?
09:30 Uttam : but lookigng at Vix event seems to be a non event 😉
09:30 Uttam : 12070 holdin for now in NF
09:30 Uttam : 31830 i BNF
09:30 Shai : exit the PE at 56 cmp
09:32 Govind : Most of the big BNF constituents have arrested the initial fall, except the biggest one….HDFCB. Their site is still down this morning 🙂
09:33 Shai : had ro exit as we came back into value
09:34 Shai : may rise to 12107 instead
09:34 Shai : 12084 to watch
09:34 Boppanna : Uttam looks like its waitng for ur command to either peek below 830 or way the green flag at 910
09:34 Boppanna : *wave
09:35 Uttam : et tu Bops 😉
09:41 Prashant : Don’t want to do in-out for no reason. Solf 12050 stradle will try to cover before 12.00 or if NF moves below 12050 or above 12100. Rationale : Market may not move much. Yesterday though FII sold 2000 Crs in cash they created 2000 crores long in stock futures.
09:42 Prashant : weekly stradle
09:48 Favas : bn 23k buy?
09:48 Uttam : looks like NF ants to teg 12022
09:49 Uttam : wants to tag*
09:49 Uttam : BNF also below 31830 now
09:49 Uttam : 24k green
09:50 Shai : on to 12032\
09:50 Uttam : +1
09:50 Chandrashekhar : Uttam/Shai ..65 K green on VPOC ..was short covering?
09:50 Chandrashekhar : nifty
09:53 Shai : sl order
09:54 Prajwal null : if green circle comes it is stoploss order??
09:54 Chandrashekhar : 0 on the left side..
09:54 Shai : 0
09:54 Shai : order went mkt
09:54 Shai : 62 is the new buyer in 12050 pe
09:55 Chandrashekhar : you mean he had placed a limit order buy at that price?
09:55 Uttam : spot has broken PDL but NF yet to
09:55 Vishnu : 12050 pe in buy again?
09:56 Shai : sl can be held at 54
09:56 Uttam : 12055 is small support which held last 2 attempts
09:57 Uttam : that goes NF could get some more momentum on downside
10:01 Boppanna : 830… -50 part out
10:01 Uttam : congrats Bops
10:01 Boppanna : thx
10:02 Uttam : 12051 / 12052 & 12055 last 3 lows on daily in NF
10:03 Shai : emotiona level of 12000 also
10:03 Shai : spot
10:03 Vishnu : 11984 more emotional level
10:04 Shai : one clean break below it is nneded
10:04 Shai : BNF ready for 31693F
10:06 Boppanna : BN spot 31700 support Uttam?
10:06 Uttam : 31668 is a vpoc in that so that could be immediate ref
10:07 Uttam : gets accepted below it more weakness
10:07 Boppanna : thx
10:07 Uttam : 🙂 _/\_
10:11 Uttam : RB _IB forming in NF on 5mins
10:11 Uttam : getting near VWAP too
10:12 Ravi : is it still IB?
10:12 Uttam : candle still forming
10:13 Uttam : 1 min left
10:13 Vishnu : is it IB how?
10:14 Ravi : Uttam , just asked to understand how yu are reading it
10:14 Ravi : though VPOC not exactly in middle..price managed to move above
10:14 Ravi : consider it IB?
10:15 Uttam : volumes are less as only 24k POC but yes conceot wise it is IB
10:15 Ravi : thanks uttam
10:15 Uttam : and we have VWAP right above it so lets see how it plays out
10:16 Chandrashekhar : Continuation of the trend from previous candle which was RB, and in the second candle also the priceclosed above POC…am i right uttam?
10:17 Uttam : another point to note is that IB qas formed by a stuck seller rather than a buyer
10:17 Uttam : 15k red to 8k green
10:17 Chandrashekhar : at POC..of that candle
10:17 Ravi : so u mean chances of him being trapped?
10:17 Uttam : 12058 RB needs to be taken out for downside &
10:18 Uttam : WAP needs to be sustained for more upside
10:18 Uttam : we are in the dhoka period ‘C’
10:18 Rajiv : Guys what do you make out of the Vix moving up
10:18 Uttam : when you have an IB with a green it gives you more conviction – (10:17) Ravi : so u mean chances of him being trapped?
10:19 Ravi : got it
10:19 Uttam : and volumes are low today so it would be locals who could keep getting upside down
10:21 Uttam : Sp0ot knocking at prev day range
10:21 Uttam : Nifty spot
10:22 Chandrashekhar : 10.5 K green at top
10:22 Vishnu : c period
10:23 Boppanna : BNF C period knocking mornings MB
10:24 KK null : went long31800 with SL 31750 target 31920 considering range yesterday by jit
10:27 Chandrashekhar : green stuck at top?in the previous candle
10:30 Shai : down to 12050 sl of 12079 cmp 12069
10:30 Shai : too close this auction is to yesterday VAL and unable to break the previous day VAL
10:30 Shai : hence the sluggishness
10:31 Shai : stay open to a fst move abovbe 12084 roughly, else we stay with the seller till 12 noon
10:34 Vishnu : is any chance to see 12038 as 12050 range gives some good support
10:35 Chandrashekhar : Uttam .. one query from yesterday’s learning..how do you read the POC vol to the total vol..or what inference you draw..for the five minute candle…can you please explain
10:37 Prashant : how poor is the volume today to average NF voume by 10.30 ?
10:37 Uttam : avg IB vol is 19L and today we have 16L
10:38 Prashant : Ok. Thank you!
10:40 Chandrashekhar : C extn happening?
10:40 Uttam : no waiting for D to make an RE 😉
10:40 Uttam : 4 more mins
10:41 Chandrashekhar : @Uttam..my query above..@ 10:35 please
10:42 Shai : Yes D is the key now
10:42 Uttam : its only when you have bog volumes at the 5min POC you can look at that being an imp ref but in low volume days like today not much of use
10:42 Uttam : as you must have seen that IB got negated so easily
10:42 Shai : Sellers have the last chance ` last 30 misn to push below 12050
10:42 Chandrashekhar : ok thanks..
10:42 Govind : 31700PE from 156 to 175
10:42 Boppanna : Looks like @KK holding this at 750
10:43 Uttam : yes 5 times they have failed to break below 12050 on 30mins in last 3 dasy
10:43 Govind : Big green at DPOC
10:43 Uttam : if now they dont do it can expect a sharp bounce
10:43 Chandrashekhar : in near future if we get any scenario live..please do throw more light on this
10:43 Uttam : 50k green in BNF
10:43 Uttam : sure Chandrashekar 🙂
10:43 Chandrashekhar : Thanks Uttam
10:43 Shai : sl 12071- (10:30) Shai : down to 12050 sl of 12079 cmp 12069
10:44 Uttam : D cometh
10:44 Uttam : come one lets do the RE
10:44 Govind : That green was close to PDL UG
10:44 Boppanna : Shai BNF can trail at 800 now?
10:44 Uttam : mix of orders looks like
10:44 Uttam : 0s above it
10:44 Shai : 31830 BNF
10:44 Boppanna : k cool
10:45 Shai : 31750 is a prev vpox
10:45 Uttam : Spot making new lows
10:46 Govind : Another 15k and 4k green
10:47 Vishnu : thanks shai booked from 31800 pe
10:49 Vishnu : uttam c period low also in the range of IB na?
10:49 Uttam : in NF
10:49 Uttam : BNF C made new lows
10:50 Vishnu : ya NF
10:50 Vishnu : bnf made nw low
10:53 Favas : wild swing in vix?
10:54 Uttam : check Spot low – (10:06) Uttam : 31668 is a vpoc in that so that could be immediate ref
10:56 Uttam : yeh baat
10:56 Vishnu : 1.46l NF buy
10:56 Uttam : 1.5L red at lows?
10:56 Uttam : there on both sides
10:57 Vishnu : Sl ? for sell i think stop hunt
10:57 Prakash : its Gren
10:57 Vishnu : 0 in buy side for the red
10:57 Uttam : at lows of that bar we have a 1.5L red also
10:57 Boppanna : @Vishu may be a refresh is needed
10:58 Shai : 12047 is tyhe RB
10:58 Boppanna : Yep its gone
10:58 Shai : 12054 TSL if in short still
10:59 Chandrashekhar : 1.5 l red not seen..
10:59 Chandrashekhar : not showing now*
10:59 Shai : Sellers work it well – (10:42) Shai : Sellers have the last chance ` last 30 misn to push below 12050
10:59 Vishnu : 1.7l buy nf
10:59 Vishnu : 42k nf buy
11:02 Shai : was clean this one from VAL- 1: 2- (10:30) Shai : down to 12050 sl of 12079 cmp 12069
11:02 Vishnu : 0 in las 5 min candle range 12040-12045
11:02 Boppanna : +1 Shai..BNF as well that check at 830 and drop was clean
11:03 Shai : +1
11:03 Shai : yes gen means seller covered and vwap poss- (11:02) Vishnu : 0 in las 5 min candle range 12040-12045
11:07 Vishnu : is is it FA uttam?
11:07 Uttam : probable one
11:08 Vishnu : ok
11:08 Uttam : as seems to have gopt rejcted from below IBL
11:08 Vishnu : 12066 is vwap first tgt?
11:10 Shai : That RB is killing all the early supply
11:10 Vishnu : ya
11:10 Vishnu : 2.12 l 12045 range
11:12 Prakash : should D be considered Failed Auction.??
11:12 Vishnu : 1.5 min go
11:12 Prakash : if Mkt goes up..
11:12 Shai : No FA has to cross IB other side
11:12 Shai : FA is also EOD
11:13 Shai : does not confirm till 3.30
11:13 Vishnu : IB low or Hig shai
11:13 Boppanna : Opposite end of FA
11:13 Vishnu : ok good
11:13 Shai : for 12041 to be called an FA today we have to cross 12097 F and sat above 12041 till 3.30 pm
11:13 Vishnu : thta means D igh
11:13 Shai : Hope I am clear
11:14 Vishnu : yes shai
11:14 Vishnu : thanks
11:14 Boppanna : Slack has all details Vishnu…IBH Shai sid
11:14 Boppanna : *said
11:14 Uttam : @Vishnu Shai covered FA in the workshop too
11:15 Shai : We are doing a breakout session at 08.30 pm tomorrow , same place here. Do join in . will be happy to take questions at close
11:15 Uttam : +1 Shai
11:15 Vishnu : yes some small doubt uttam so just asked in mkt its more clear as we are in live\
11:15 Prakash : Oh Yes, Got it Shai..
11:15 Vishnu : good one shai
11:15 Prakash : eagerly wait for the session tomorw
11:16 Uttam : +1 Vishnu
11:16 Uttam : Fa is an important concept
11:16 Vishnu : yes uttam
11:17 Uttam : are we ready for 12022?
11:19 Chandrashekhar : BNF making new lows
11:22 Shai : 12034 to watch
11:22 Shai : 84 in that PE
11:22 Shai : below 12034 we have a clean move to 12011 sl of 12056
11:24 Chandrashekhar : 12000 broken in spot..
11:24 Uttam : coming…(11:17) Uttam : are we ready for 12022?
11:24 Prakash : The Big Buyer is not defending, it seems
11:24 Uttam : that could be a short who covered his position
11:25 Shai : 84
11:25 Vishnu : yes possible
11:26 Shai : 31706- (10:04) Shai : BNF ready for 31693F
11:26 Vishnu : missed huge in bnf
11:28 Uttam : Done almost 12026 low so far – (09:48) Uttam : looks like NF wants to teg 12022
11:29 Shai : Intra – short BNF 31719 slo 31830 tgt 31560.
11:29 Tejpreet : Do the 2ib also Uttam in nf .
11:29 Uttam : NF 2 IB done
11:29 Uttam : 12097 was freak tick Tej
11:29 Uttam : take 12087 as IBH
11:30 Uttam : taken*
11:30 Tejpreet : hmm ok but 12011 needed
11:30 Uttam : abhi mera 12022 bhi nahi aaya 🙁
11:31 KK : to break that earlier tag of 12016, will it be that easy ?
11:31 Shai : Earky adopeter are closing in NF
11:31 Uttam : RB at lows in NF 12026
11:32 KK : wont that open possibility of 11880 ?
11:32 KK : so they might defend it above 12K
11:33 MJ : Bossman, joined in late , that 54k is a single order in bnf on 30 min charts?
11:33 Shai : No
11:33 MJ : Thanks.
11:33 Boppanna : BNF Uttam ‘s 700 missing by a whisker..
11:33 Shai : 12055 TSL if short in nNF
11:33 Shai : we may go lower#
11:34 Uttam : nothing working today Bops 😉 NF also missed by 4 points
11:34 Boppanna : Well 1 TF still in BNF
11:34 Tejpreet : Uttam too early , will get all missed numbers.
11:34 Vishnu : lower to 12011 level shai?
11:35 Uttam : Tej 🙂
11:35 Tejpreet : bops got it.
11:35 Boppanna : Yipee I baited it 🙂
11:35 Uttam : NF also 12022
11:35 Shai : 91
11:35 Shai : 12050 pe
11:36 Boppanna : Shai riding the pe like a cowboy
11:36 MJ : Lol bops.
11:36 Shai : 12011
11:36 Shai : expected
11:36 Shai : (11:22) Shai : below 12034 we have a clean move to 12011 sl of 12056
11:36 Tejpreet : All dip buyers of previous 2 days getting cleared before RBI 🙂
11:36 Tejpreet : Shai swing wise 1085 SL now NF ?
11:36 Tejpreet : 12085
11:37 Shai : yes 12095
11:37 Uttam : 12k coming?
11:37 Shai : 99
11:37 Shai : And 12011
11:37 Uttam : super Shai 🙂
11:38 Tejpreet : tks Chief.
11:38 Uttam : to the dot
11:38 Chandrashekhar : MP charts looks frozen shai..
11:39 Shai : looks well
11:39 Chandrashekhar : thanks shai back up
11:39 Shai : 84 TSL in the PE
11:39 Shai : looking now at 11984 below 12011
11:41 Shai : 15:20 Shai : 80 pointer move in thsi profile tom15:20 Shai : 12176- 12013 from here 12100
11:41 Shai : said this yesterday
11:41 Uttam : 11978 spot was pbjective below 12026 which is done
11:41 Tejpreet : +100 Shai.
11:42 Boppanna : Out of BNF 210 -284 tgt on that 31800pe
11:42 Uttam : if does not get back above 11978 spot then 11936-917 coming
11:42 Shai : 11961 destination now if we auction below 12011
11:42 Boppanna : E ending
11:48 KK : on the upside, if 12K not breached, we heading back to 12170 in 3 days ?
11:49 Shai : 5 point 12030 sl for 12010 cmp 12026
11:51 Uttam : 12000 OI meeting here
11:52 Uttam : from 30L & 10L now both at 22L
11:54 Chandrashekhar : RS+IS(forming) in that 5 min candle ..NIfty
11:55 Shai : Nice’
11:56 Shai : below VAL keep watching for IS and RS
11:56 Uttam : 🙂 +1
11:56 Shai : onlt IB is a change of trend
11:56 Shai : ignore the RB
11:56 Uttam : +100 Shai
11:57 Chandrashekhar : But Shai IB would always come after an RB right?
11:57 Pritesh : What’s is IB & RB ?
11:57 Pritesh : I guess RB is responsible buyuer
11:57 Chandrashekhar : correct me if wrong
11:57 Boppanna : Responsive
11:57 Shai : yes IB after RB
11:57 Boppanna : Initiative
11:57 Shai : Actaullt RB+ IB is change of trend
11:58 Uttam : @Pritesh you have still not gone through the OF video? (11:57) Pritesh : I guess RB is responsible buyuer
11:58 Uttam : IB then is irresponsible buyer ;-p
11:58 Chandrashekhar : ok..so if only RB appears..and then watch for next candlefor confirmation If IS then exit shorts..or continue ?
11:59 Uttam : only on RB you can hold hsorts with TSL but on RB+IB exit shorts
11:59 Chandrashekhar : i mean IB inext candle….
11:59 Chandrashekhar : got it thanks
11:59 Uttam : and need not be in very next candle
11:59 Uttam : if RB is holding that IB can form later too
12:00 Shai : book 12020 – (11:49) Shai : 5 point 12030 sl for 12010 cmp 12026
12:00 Shai : time out
12:00 Shai : Book the BNF trade at 31688F.
12:00 Chandrashekhar : out shai..
12:01 Chandrashekhar : not clear on the timing part shai..
12:01 Chandrashekhar : is it like the price stayed there for too long?
12:01 Tejpreet : Shai can you share on views on Vix.
12:02 Uttam : BNF also 2 IB done
12:02 Uttam : again taken 31902 as IBH
12:03 Tejpreet : Bn ce not falling much had shorted monthly 325k ce around 252 still at 200 despite 250 fall in bn
12:03 Shai : vix at day supply
12:03 Shai : diif to cross 16.24
12:04 Uttam : post RBI Vix xcould fall more Shai?
12:05 Shai : we take action when 12010 breaks now
12:05 Shai : or on a rise
12:05 Shai : sellers in full controi
12:05 Uttam : yes
12:05 Shai : 12055 best place to hold shorts still
12:05 Uttam : BNF onto the 2nd bearish hypo
12:05 Boppanna : NF not making new lows in F yet..Shorts slight caution
12:05 Tejpreet : tks chief… looks like 12k weekly combo a short then till rbi.
12:06 Uttam : 12k OI crossover happening
12:06 Prashant : fine call!, Shai. I didn’t trade though. 🙂
12:06 Uttam : CE OI crossing the PE OI
12:06 Vishnu : so more down still left uttam
12:07 Uttam : yes Vishnu
12:07 Uttam : both are weak
12:07 Uttam : 31720 IS on 30min in BNF immediate ref on upside
12:08 Uttam : 12038 that ext handle of today in NF
12:08 Uttam : (10:06) Uttam : 31668 is a vpoc in that so that could be immediate ref(10:07) Uttam : gets accepted below it more weakness
12:09 Uttam : 31532 would be the imp level to watch for in BNF if it gets there
12:18 Shai : Thanks – (12:06) Prashant : fine call!, Shai. I didn’t trade though. 🙂
12:18 Shai : Rules were simple- should hacve traded. It’s one of the easiest days to trade
12:19 Vishnu : closing view shai?
12:19 Shai : A little early
12:19 Vishnu : yaa
12:20 Chandrashekhar : both E & F bounced back from 12010…hope G makes new low’s.
12:21 Prashant : Ok. Yep, today I am busy with something else. Closed stradle and didn’t participate thereafter. Also, had low conviction on downside. And, if I don’t understand what’s happening I stay out. 🙂
12:22 Prashant : But, you were perfectly aligned !
12:22 Shai : There are more days like these
12:23 Shai : we see it all the time
12:23 Shai : yes I agree with the staying out. Best to avoid a market not confirming. I too do that
12:24 Prashant : cool
12:28 Pritesh : Need to check CE PE OI ratio post E/F
12:35 Shai : F and G not making a LL
12:35 Shai : pull back high is coming
12:35 Shai : G and H key now
12:35 Shai : F can be ignored
12:36 Shai : 12038- 12047 to watch
12:37 Tejpreet : SL IBL/vwap combo around 12055.
12:37 Uttam : iraada lya hai Tej
12:38 Tejpreet : 5IB
12:38 Tejpreet : but if sustains above 1055 THEN rbi BULLS TAKE OVER.
12:39 Uttam : so Tej doing this new RE?
12:39 Tejpreet : Got part fill at 12025 , rest pending at 45 .
12:43 Uttam : +1
12:46 Vishnu : NF done 2.5IB na uttam
12:46 Chandrashekhar : looks like this is going down further…H making new lows?
12:46 Shai : 12000 put new buyers
12:46 Uttam : yes can be a Trend Day down
12:46 Shai : buy is abv 64 sl of 58 for 74/ 78
12:46 Shai : buy abv only
12:46 Shai : still waiting for 12010
12:49 Vishnu : triggered
13:01 Tejpreet : Uttam can you check 316k bn combo
13:01 Tejpreet : weekly one
13:04 Uttam : sure Tej will do
13:04 Tejpreet : tks
13:08 MJ : 1.72L buyer level revisit happening today?
13:09 Boppanna : 5 more min for H to do its move in BNF
13:10 Shai : cost now again trail at 61- (12:46) Shai : buy is abv 64 sl of 58 for 74/ 78
13:17 Boppanna : Shai BNF refresh pls?
13:18 Chandrashekhar : Nifty looks like DD trend day down Shai?
13:21 KK : lets go
13:21 KK : 12135
13:29 KK : RBI meeting this friday or later ?
13:29 Boppanna : 5th
13:31 KK : thanks
13:34 KK : bnf needs to support to reverse this, OI in 12K CE is almost 1.5X of OI in PE
13:38 Favas : now ref for bnf?
13:39 Boppanna : BNF 720 test coming?
13:42 Uttam : New extension handle coming to the downside in both?
13:42 Uttam : J period
13:43 Uttam : I period pull bac high done
13:43 Uttam : looks like
13:43 Shai : yes
13:44 Shai : 48 sl in 12000 pe cmp 58 tgt 72
13:48 Uttam : 12008 needs to be taken out
13:57 Prashant : Market hoveing around here for quite some time doesn’t look good.
13:57 Prashant : hovering*
13:58 Shai : should test below 12005 on this volume- 12036 sl
14:00 Uttam : that 12000pe OI needs to start dropping
14:00 Uttam : so far has been stagnant
14:00 Uttam : straight line though the CE OI has been rising
14:02 KK : also PE Oi went up from day’s low of 22.5 lacs sometime back, its confusing.
14:02 Uttam : 12 more mins for ‘J’ to complete
14:03 Uttam : why confusing KK, morning there was PE writing happening & those were forced to cover
14:03 Uttam : Shai also mentioned new buyers in it
14:03 Uttam : sometime back
14:04 Uttam : (12:46) Shai : 12000 put new buyers
14:06 KK : I mean it shows that PE is not going up in a hurry, rathen down may be
14:07 KK : unless breaks 62 to 64 zone convincingly
14:07 Uttam : Nf needs to make new lows for that to happen
14:22 Shai : massive slowdown after a strong start
14:23 Shai : stilla spike lower on acrds
14:23 Shai : cards*
14:24 Shai : with sl above 12049 looking for this tro do 11961
14:25 KK : wiht that view, should we buy that PE with SL below 54
14:25 Shai : 12000 pe?
14:26 KK : yup
14:26 Shai : 45, 49, 62 are the 3 big buyers today
14:26 Shai : 62 is the smallest of the 3
14:26 MJ : oi dipping too in 12k pe.
14:26 Shai : hehe
14:27 Shai : 12005
14:27 Tejpreet : Superfast Shai +100
14:27 MJ : Wow shai
14:27 KK : thanks
14:27 Shai : Got you !!- (13:58) Shai : should test below 12005 on this volume- 12036 sl
14:27 Chandrashekhar : 1 lac green there
14:28 KK : 1 lac green may not stop this
14:29 Tejpreet : KK that is Shai covering 😉
14:29 Shai : cover
14:29 Shai : 69 is a cover in teh 12000 pe
14:29 MJ : Yes chief 69.xx some big vol came there.
14:30 MJ : 25k in bnf too.
14:30 Boppanna : 12010 start of 0’s
14:30 KK : i am waiting 961..he he.. or EXit 59 in that PE
14:33 Shai : intra day book
14:33 Shai : positionals hold
14:33 Shai : 69 guy is intra dayer booking out
14:33 Shai : he may come back near 45- 50\
14:34 KK : so now are we sell on rise for this week ?
14:35 Shai : yes pref near 12045 tom
14:35 MJ : 1L guy doing what he does shai?
14:35 Shai : day loks done for bears
14:35 MJ : Yeah shai.
14:35 Boppanna : Uttam BN spot didn’t make a new low in that last drp in BNF?
14:37 Ravi : Day low is just above the VWAP on the 25th November open drive day
14:40 KK : shouldn’t we wait for spike time to decide ithat
14:41 Ravi : yep!
14:43 KK : heading 12060
14:49 Vishnu : any reversal uttam
14:49 Vishnu : 1.19 l at 11995 is IB ?
14:50 Tejpreet : News of Union Cabinet meet tomorrow 9.30 am ,
14:51 KK : yeh log market dekh ke meeting karte hain
14:52 KK : that PE OI still not that high at 43
14:52 Shai : 12055 sl for 12027
14:52 Shai : ++-(14:35) MJ : 1L guy doing what he does shai?
14:53 Shai : was clean at lows
14:58 Shai : 12027- (14:52) Shai : 12055 sl for 12027
14:58 Boppanna : Bingo
14:58 Shai : how many of you thought of going long? be honest 🙂
14:59 Tejpreet : i was long at 1 l lows next set was above 12055
14:59 Shai : nice contra with 1L guy
14:59 Boppanna : +1 Tej..BNF planned to add above 720
14:59 Shai : yes that wa sthe place for a long
14:59 Shai : not at 12055
14:59 Vishnu : shai if mkt stay with above that 1l buyer level ?
15:00 Shai : some new info is in the tape now
15:00 Shai : clsoing at boundary level
15:00 Shai : no positions to be carried
15:00 Shai : we react tom
15:01 Tejpreet : Chief any news on that Cabinet meet tomorrow and some announcement 9.30 am ?
15:01 Uttam : 5.9L & 2L day COT in both
15:01 Shai : if crosses abv 12047 now take a long for 12066/ 12075 else let it be
15:01 Uttam : all the shorts booking before RBI
15:01 Shai : bear has to break 12027 to go lower
15:02 Boppanna : Shai BNF view?
15:02 Shai : may rise to 31840
15:02 Shai : go long abv 31730
15:03 Uttam : BN Spot did this hypo 2nd tgt to the dot – D) Below 31668, lower levels of 31595 / 31525-505 & 31465 could come into play
15:03 Uttam : 31503 low today
15:04 Boppanna : thx Shai
15:04 Uttam : similar tgt done in BNF day’s 2nd hypo too – d) Below 31700, lower levels of 31645 / 31600-585 & 31532 could be tagged
15:05 Boppanna : +1 Uttam
15:05 Uttam : @Tej that 31600 straddle forgot to update but has been in trend mode down
15:06 Tejpreet : ytks , i think vix spike didn’t move it much.
15:06 Uttam : 375 immediate res in it now
15:07 Uttam : if manages to stay above 375 then can go for 425-450
15:07 Tejpreet : +1
15:07 Govind : +1 Uttam
15:08 Rajiv : Utamm sufficient greens to take positional longs in NF
15:08 Rajiv : Uttam
15:09 Uttam : tom could be profile filling exercise in both NF & BNF
15:09 KK : now long
15:09 Uttam : downside does looks done for the week
15:09 Uttam : but for positional longs will nedd some more confrimation tom
15:11 Uttam : NF needs to stay above 12055 & BNF above 31780
15:12 KK : are there any shorts stuck in the system ?
15:12 Uttam : its all green today KK so looks like all the big shorts have booked & in good profit too
15:13 Vishnu : look at greens in 30 min
15:13 Vishnu : that 1 l guy must be IB
15:14 Uttam : (14:00) Uttam : that 12000pe OI needs to start dropping(14:00) Uttam : so far has been stagnant(14:00) Uttam : straight line though the CE OI has been rising
15:14 Uttam : that 12k PE OI never dropped
15:14 Uttam : and the CE OI had a big fall from above 30L to now 20L
15:14 Uttam : bullish crossover again here
15:15 Uttam : on 30mins that guy is a RB – (15:13) Vishnu : look at greens in 30 min(15:13) Vishnu : that 1 l guy must be IB
15:15 Uttam : IB is at 12040
15:15 Uttam : immediate ref for tom as today’s VWAP also there
15:16 Uttam : that 12022 vpoc got tagged but dpoc once again today at the same place of that TRedn Day buyers
15:16 Uttam : 25th Nov
15:17 Vishnu : wht it that
15:17 Uttam : On a TRend Day there is no Value & the VWAP & POC are imp references
15:17 Vishnu : 12074
15:19 Shai : sellers cancelling out
15:20 Vishnu : 25 nov vwap 12027.55 and vPOC 11978.8
15:20 Vishnu : @shai sellers cancelling out means ?
15:21 Uttam : @Vishnu those are Nov fut levels & we are trading Dec fut now
15:21 Vishnu : ok uttam got it
15:22 Shai : we may see 12095 F tom sl of 12020
15:22 Uttam : NF clossing right tehre – (15:11) Uttam : NF needs to stay above 12055 & BNF above 31780
15:22 Vishnu : @sahi can we conside the low made 11995-3 s FA
15:22 Shai : cmo 12048
15:22 Shai : early view to 11955 now negated by these greens
15:23 Shai : 50 point prem is a problem till RBI / expiry
15:23 Shai : too much
15:23 Vishnu : yes
15:26 MJ : Thanks chief /\
15:26 Shai : 12000 ce will be a buy at open tom for 89/ 108 abv 58*
15:26 MJ : I was long when I spotted him and 25k in bnf.
15:26 Shai : Bye all
15:26 Shai : Have a nice evening
15:27 KK : bnf above 730
15:28 KK : bye
15:28 Uttam : BNF close at dPOC & VWAP
15:28 Tejpreet : Bye All.
15:29 Uttam : thanks All 🙂 have a lovely evening