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 Order Flow 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
BNF
Room Chat
08:21 Vtrender Live : (08:21) Vtrender Live: 30 min charts – https://global.gotomeeting.com/join/535905837
09:02 Shai : (09:01) Shai : https://vtrender.com/market-profile-analysis-dated-1st-november/
(09:01) Shai : https://vtrender.com/weekly-charts-29th-october-to-01st-november-and-market-profile-analysis/
09:19 Shai : (08:21) Vtrender Live: 30 min charts – https://global.gotomeeting.com/join/535905837
09:36 Shai : (09:28) Shai : Intra – Buy BNF near 30570- 80 sl of 30460 tgt 30758/ 30810
09:54 Shai : (09:54) Shai : Make exits in the BNF at 30560 cmp
11:08 Shai : (11:07) Shai : Intra – Buy BNF 30600 sl of 30499 tgt 30766
11:30 Shai : (11:30) Shai : BNF stopped.
11:48 Shai : (11:48) Shai : Intra – short NF 11968 sl of 11990 tgt 11920
11:50 Shai : (11:50) Shai : NF 11948 book half
11:57 Shai : (11:49) Boppanna : BNF 80%25
12:20 Shai : (12:20) Shai : Intra – Buy BNF 30353 sl of 30265 tgt 30475
12:39 Shai : (12:38) Shai : BNF 30430 Book half here
12:56 Shai : (12:56) Shai : Book the bal qty in BNF
14:36 Shai : (14:35) Shai : Intra – short NF 11980 sl of 11999 tgt 11945/ 11920
15:09 Shai : (15:09) Shai : Close out the NF shorts at 11975
08:21 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/535905837
08:44 Sai : good morning all
08:52 Krishan : gm all
09:00 Chandrashekhar : GM all
09:00 Shai : Gm all
09:00 Uttam : Good Morning All 🙂
09:01 Shai : https://vtrender.com/market-profile-analysis-dated-1st-november/
09:01 Shai : https://vtrender.com/weekly-charts-29th-october-to-01st-november-and-market-profile-analysis/
09:02 Shai : 11920 ref line for the open
09:03 Shai : supply expected at 11975- 11985 zone . The quality of this supply will decide the moves today
09:03 Shai : like friday, no serious downmove till 11874 is taken down well
09:04 Shai : 30290 ref line in BNF
09:04 Shai : Lots of weakness can come in if 30295 is broken
09:17 Vijai null : pls share gotomeeting link
09:19 Shai : (08:21) Vtrender Live: 30 min charts – https://global.gotomeeting.com/join/535905837
09:20 Boppanna : OD Shai BNF?
09:20 Shai : Yes BNf is clean
09:26 Boppanna : BNF did a clean Monday morning fast move thru till 600 Uttam’s Hypo a) BNF has immediate supply in zone of 30424-440 above which it could rise to 30495 / 30565-600 & 30725-750
09:28 Shai : Intra – Buy BNF near 30570- 80 sl of 30460 tgt 30758/ 30810
09:33 Uttam : morning buyer booking out in BNF looks like
09:33 Uttam : 21k red at 30612
09:35 Boppanna : Yes he is trying to resist
09:45 Shai : Nf doing well here
09:46 Shai : sl of 10965 F for longs – prob tgt is 12021- 12033
09:52 Boppanna : dip coming BNF 490?
09:52 Uttam : vwap gone
09:53 Uttam : more downside coming?
09:54 Shai : Make exits in the BNF at 30560 cmp
09:54 Uttam : 30500 is the IB of morning 5min bar
09:54 Uttam : that goes BNF can make new lows
09:55 Uttam : 11968 in NF
09:55 Shai : BNf not holding vwap was the issue
09:55 Shai : 30460 can be tested
09:57 Uttam : this guy stalled the upmove (09:33) Uttam : morning buyer booking out in BNF looks like(09:33) Uttam : 21k red at 30612
09:57 Uttam : we even had 0s above him
09:59 Jitender : bnf carryn -ve cot
10:11 Boppanna : 53K red BNF?
10:12 Jitender : 51kish
10:13 Uttam : 39k red
10:14 Uttam : plus 9k in next bar
10:14 Uttam : on 5mins
10:14 Jitender : bnf cot goes green
10:15 Shai : sl ordersc – (10:13) Uttam : 39k red
10:16 Jitender : cleaned (09:59) Jitender : bnf carryn -ve cot
10:23 Jitender : Shai…poss 2 refresh once
10:28 Prajwal null : 80% rule can be applied??
10:31 Boppanna : Which instrument Prajwal?
10:31 Prajwal null : bnf??
10:31 Shai : done- (10:23) Jitender : Shai…poss 2 refresh once
10:32 Jitender : tx
10:32 Boppanna : We have an MB in BNF so that could be traded
10:33 Prajwal null : thanks
10:33 Chandrashekhar : Could you please explain this..(10:28) Prajwal null: 80% rule can be applied??
10:35 Prajwal null : 80% rule means if the price move out of ib and reverse back 80% chance of going into ibl or val
10:36 Jitender : 80% is for VAs…..vah-val n vice versa
10:38 Prajwal null : ib doesnt matter??
10:38 Jitender : nt fr tat rule
10:38 Prajwal null : ok
10:39 Jitender : C extn…..
10:39 Prajwal null : got it
10:40 Jitender : but not by much
10:40 Jitender : 460 n 560 r morn buy supp
10:40 Chandrashekhar : ok to conclude .. if in c session the VAH/VAL is broken..high chances of the retracement ofprice to 80%
10:40 Chandrashekhar : am i right?
10:41 Jitender : 80% chance…n hence the name
10:41 Chandrashekhar : ok thanks…
10:41 Chandrashekhar : but today this doenst hold right? as C is within IB..so far
10:42 Jitender : C has nuthn to do with it
10:42 Boppanna : Chandrashekar C doesn’t have anything to do with it
10:42 Jitender : was just commenting on structure so far
10:48 Boppanna : Like Jit said 80% its a move from VAH to POC/VAL and vice versa depending on the market open and how it auctions with respect to the previous day primarily. Also thru the day depending on the profile stucture B or P dval / dvah/vwap can be used for scalping moves based on the range of the day as well
10:48 Shai : Nf very sideways here
10:48 Shai : BNF either at 30450 lomg side opp or a break abv 30650
10:49 Shai : wait mode
10:49 Uttam : but it is the bulls who are not doing a good job today Shai?
10:58 Shai : yes as lonmg as 11965 holds
11:02 Niraj : sir charts are not comin
11:02 Niraj : now coming
11:04 Shai : Adobe has rolled out a new version of the Flash player. If you have issues with readability of charts in the room suggest doing a quick update of the flash player. Just search for Adobe flash player and you will get the link
11:07 Shai : Intra – Buy BNF 30600 sl of 30499 tgt 30766
11:07 Uttam : BNF not interested in new hgihs?
11:08 Shai : looks getable- (09:46) Shai : sl of 10965 F for longs – prob tgt is 12021- 12033
11:09 Jitender : infy says no prima facie evidence of whistle blower allegation
11:11 Jitender : audit comm findings
11:14 Shai : 11984 new supp for NF
11:14 Shai : moving much better than BNF today
11:14 Govind : 11950 weekly just made a bullish crossover
11:15 Shai : 11950 CE is a breakout with sl of 68 for next 3 sessions
11:15 Boppanna : Infy taking BNF’s wind away looks like
11:17 Govind : +1 Shai, 11:15 Shai : 11950 CE is a breakout with sl of 68 for next 3 sessions
11:29 Uttam : BNF has a probable FA at top
11:30 Shai : BNF stopped.
11:44 Boppanna : 53k both sides needs a refresh
11:45 Shai : That was quick
11:45 Shai : washed out both intra day sides
11:45 Uttam : FA confrimed in BNF at 30658
11:46 Uttam : (10:49) Uttam : but it is the bulls who are not doing a good job today Shai?
11:46 Boppanna : +1 Utta,
11:46 Boppanna : *Uttam 🙂
11:48 Shai : Intra – short NF 11968 sl of 11990 tgt 11920
11:49 Boppanna : BNF 80%
11:50 Boppanna : half out
11:50 Jitender : +1
11:50 Shai : NF 11948 book half
11:50 Shai : +1- (11:49) Boppanna : BNF 80%
11:53 Shai : small bounce poss buiy 11920/ 11887 doable here
11:53 Shai : but*\
11:53 Shai : 11990 sl for day now
11:54 Shai : change of trend
11:54 Nidhi : sl for banknifty?
11:54 Shai : go below 30280 only
11:55 Nidhi : ok
11:55 Shai : BNF can boubce off 30280
11:56 Nidhi : till?
11:57 Shai : 30460
11:57 Shai : Book fully NF 11952
11:57 Nidhi : Shld this be the sl? (11:57) Shai : 30460
11:58 Shai : can keep
12:01 Boppanna : Nidihi my 2 cents BNF stay with the latest info so we move from VAH to POC and for more downside we need to sustian below 270-80 so if ur entry is near the POC(280) for short not a good trade location if we get bounce till IBL can reshort there
12:02 Shai : +1
12:02 Nidhi : Thanks (12:01) Boppanna : Nidihi my 2 cents BNF stay with the latest info so we move from VAH to POC and for more downside we need to sustian below 270-80 so if ur entry is near the POC(280) for short not a good trade location if we get bounce till IBL can reshort there
12:02 Nidhi : not short, looking for levels to short
12:03 Boppanna : ok cool
12:03 Nidhi : was bearish since morning but didnt short
12:06 Boppanna : Second test BNF 11:55 Shai : BNF can boubce off 30280
12:06 Gaurav : hi, joined it late can really see chat alerts before 10:30 here. are we doing away with slack trade-alerts altogether?
12:07 Gaurav : *can’t
12:07 Vijay : @Bopanna any options on watch list?
12:11 Shai : @Gaurav the A tab has all the trades
12:11 Shai : Yes Slack has outlived it’s utility and we stick to the box here
12:11 Shai : 30420 doable
12:12 Shai : (11:55) Shai : BNF can boubce off 30280
12:12 Boppanna : @Vijay None now was watching 30800ce for push above 166 and failed to get above..right now sticking with Futures
12:12 Vijay : ok tnx
12:14 Boppanna : Uttam 1 ATR pls ? 11:45 Uttam : FA confrimed in BNF at 30658
12:20 Shai : Intra – Buy BNF 30353 sl of 30265 tgt 30475
12:20 Shai : once it moves abv IBL will be diff to catch
12:21 Mudita : reason for trade Shai?
12:21 Shai : Also VAH there
12:21 Shai : logic explained above
12:21 Shai : (11:55) Shai : BNF can boubce off 30280
12:22 Shai : 30380* POC
12:22 Shai : 30280 POC**
12:32 Jitender : 30160 opens up if ibl nt conquered
12:33 Jitender : signs of exhaustion at top were tere (09:59) Jitender : bnf carryn -ve cot(10:39) Jitender : C extn…..(11:15) Boppanna : Infy taking BNF’s wind away looks like
12:34 Jitender : cud go into bal of 30.1-30.7 bnf spot tis week
12:34 Shai : +1
12:38 Shai : BNF 30430 Book half here
12:39 Boppanna : +1 Nice trade Shai
12:39 Jitender : indeed
12:39 Jitender : +1
12:40 Shai : Cheers
12:46 Uttam : 30074 Bops (12:14) Boppanna : Uttam 1 ATR pls ? 11:45 Uttam : FA confrimed in BNF at 30658
12:46 Uttam : sorry was away for sometime
12:47 Uttam : FA in NF too
12:48 Boppanna : Thx
12:56 Boppanna : Shai raise SL on the rest? 12:38 Shai : BNF 30430 Book half here
12:56 Shai : exit
12:56 Shai : Book the bal qty in BNF
12:57 Shai : yes once booked SL becomes price to protect gains – (12:56) Boppanna : Shai raise SL on the rest? 12:38 Shai : BNF 30430 Book half here
12:57 Boppanna : +1
12:57 Shai : 30455- 30475 to scale
12:58 Shai : felll short of the test at 30425
12:58 Shai : but 30280 is strong and shoulld be defended
13:06 Chandrashekhar : Double distribution Day Shai?
13:07 Shai : not a clean one
13:08 Shai : morning longs clearing off created the sell
13:26 Shai : does not manage
13:26 Shai : (12:57) Shai : 30455- 30475 to scale
13:26 Shai : still 30280 should defend
13:28 Shai : 201 sl on 30400 ce tgt 264
13:35 Shai : 224 to 251`- (13:28) Shai : 201 sl on 30400 ce tgt 264
13:36 Shai : 30299 lows- (13:26) Shai : still 30280 should defend
13:36 Shai : #quants
13:52 Niraj : sir where you are observing quants
13:57 Shai : 264 done – (13:28) Shai : 201 sl on 30400 ce tgt 264
14:02 Shai : quant is a lot of screens at the moment- still finding a way to assimilate it in the trading room, eventually it would be a part of the system here – (13:52) Niraj : sir where you are observing quants
14:03 Shai : high price was 267 – (13:28) Shai : 201 sl on 30400 ce tgt 264
14:03 Shai : never wenmt abv it
14:03 Shai : that is quant action
14:04 Uttam : +100
14:04 Shai : it will be sharp 1: 2 and 1:3 trades for active traders
14:04 Shai : in this case 20 point sl gave 40 point result
14:23 Boppanna : 24k green above vwap
14:23 Boppanna : BNF
14:26 Jitender : 140 ange since 12.15
14:26 Jitender : range
14:28 Boppanna : IBL last set of 0’s below that 24k could feel edgy IMO
14:35 Shai : Intra – short NF 11980 sl of 11999 tgt 11945/ 11920
14:36 Mudita : is it cos it was rejected from dpoc?(14:35) Shai : Intra – short NF 11980 sl of 11999 tgt 11945/ 11920
14:38 Shai : working on thiis – bounce looks done – (11:53) Shai : small bounce poss buiy 11920/ 11887 doable here(11:53) Shai : 11990 sl for day now
14:39 Shai : Also BNF which led the bounce tired in the mentioned zone
14:40 Shai : not able to do this – (12:57) Shai : 30455- 30475 to scale
14:40 Shai : new short is right
14:44 Boppanna : OF ++++ now if it can stay below 425 would be nice 14:23 Boppanna : 24k green above vwap14:28 Boppanna : IBL last set of 0’s below that 24k could feel edgy IMO
14:49 Shai : C’mon NF- don;t close here
14:50 Nidhi : It is only HDFC which is stopping it from falling
14:53 Boppanna : Uttam BNF 280?
14:53 Boppanna : Close
14:54 Shai : BNF breaks 30380 can slide 100 more
14:55 Uttam : yes if HDFC lets go, BNF can close at lows
14:55 Boppanna : Ok then Jit needs to push 🙂
14:56 Jitender : 360-430 close BoPs
14:56 Boppanna : ok thx Jit
14:57 Jitender : spx holdn n up
14:57 Boppanna : BNF dpoc still at 600?
14:57 Jitender : was typn the same q 🙂
14:58 Boppanna : 🙂
15:00 Uttam : HDFC spiking higher
15:00 Rajiv : Shai, are we short?
15:00 Shai : yes
15:00 Rajiv : Thanks
15:03 Boppanna : 30300pe needs a push above 255
15:04 Uttam : NEutral Extreme coming?
15:04 Uttam : 3:05 move if Jit does
15:06 Shai : give it 5 more mins
15:06 Shai : else it may close here
15:09 Shai : Close out the NF shorts at 11975
15:21 Niraj : sir can we carry longs if taken
15:22 Shai : BNf can
15:22 Shai : BNf shoukd psuh for 30575 tom
15:23 Uttam : 33k buyer in BNF
15:26 Jitender : wat abt -ve COT Shai ?
15:28 Shai : 44k cot covered at 30280
15:28 Uttam : weak shorts being taken out here?
15:28 Jitender : SC
15:28 Shai : Im bearish when this ref line breaks – (09:04) Shai : 30290 ref line in BNF
15:28 Jitender : tx
15:29 Shai : Bye all
15:29 Shai : Have a nice evening
15:29 Uttam : thanks All 🙂 have a lovely evening