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
08:45 Sanjib : Hi Jit, Good Morning!
08:49 Rajesh : goommorning Jit & Sanjib- All Delhi group…
08:52 Himanshu : GM all
08:55 Rajesh : gm all
08:55 Sanjib : GM All
08:56 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/495745373
08:56 Bhaskar : gm all
08:57 Amit N : GM all
08:58 Avinash : GM Everyone.
08:58 Manoj : Good morning guys
08:59 Rajan : Good morning all
09:00 Shai : GM all
09:01 Uttam : Good Morning All 🙂
09:01 Prateeek null : GM all.
09:01 Prateeek null : gm all
09:01 Uttam : last Friday was a big gap down & looks like this Friday too repeat
09:01 Vijay : Shai, Jit and Uttam your inputs are VERY important today
09:02 Srinivas : another Fryday looks like
09:02 Chandrashekhar : GM all
09:02 Uttam : spot 10746 could be tagged if we stay below 11039 today
09:04 Shai : Big gap down expected
09:05 Shai : levels I am watching higher on a pop is 11153
09:05 Prateeek null : friends I have 4 lots of March 11000 pe. how should I go about booking it. I believe in the first 10 odd minutes, where margins of a lot will be triggered. any advise ?
09:05 Shai : down below watch 10891
09:05 Uttam : book 50% at open Prateek then trail rest to 5min low is what I feel
09:05 Shai : If it stays below 10890 in IB and creates volume we may see a closing ayt 10680 today
09:05 Pritesh : Good Morning All
09:05 Uttam : +1 Shai
09:06 Shai : Hope evetyone has done their homework and come to the opn
09:06 Shai : you trade without a plan and no preparation, you will get wiped out
09:06 Uttam : _/\_
09:07 Shai : Don’t come and trade if you have not seen previous charts- Go through the blog and see all zones the market has been in before
09:07 Govind : BNF gapping down 1165 points (spot)
09:07 Govind : NF spot 326 points
09:08 Govind : INR around 73.83
09:08 Jitender : Vijay i will br tradn with 10% .of my vols as an ID trader…..thoose who were at Delhi, we spoke abt event days & imp of conserving capital
09:08 Jitender : be
09:08 Jitender : rest Shai has cvrd the h//w part
09:08 Vijay : +100
09:09 Saheer : yes +1 Jit
09:09 Rajan : +1 Jit
09:09 Jitender : just visualise the ‘tortoise’..he will nt rush n trade excited on event days
09:10 Govind : Turtle trader!
09:10 Govind : I’ve traded 25% to 50% vols all week and still hit my DT every day, no need to go cowboy in this type of volatility
09:11 Pritesh : Thank you all for your valuable advise right before opening…
09:13 Tejpreet : GM All.
09:14 Shai : into NS candle
09:14 Uttam : 10880 is here 🙂
09:18 Tejpreet : Min 10% for circuit rules or 5% if happens in IB 🙂
09:18 Uttam : shorts booking out but looks like fresh selling back?
09:19 Shai : 10900 ce pe is at 180 each
09:19 Vishnu : monthly
09:19 Govind : Entered a 28800pe/28900ce long strangle at 790 around 3pm yesterday 🙂
09:19 Govind : Exited 50% at Rs. 1620/
09:20 Uttam : congrats Gov
09:20 Vishnu : dt done from two accounts just carried 10 lots of 11000 monthly pe at close yes booked abvove double
09:20 Tejpreet : +1 Gov
09:20 Govind : thanks bro, was expecting a fall but not this type
09:20 Uttam : congrats Vishnu
09:20 Govind : THanks Tej
09:20 Chandrashekhar : congrats Vishnu,Gov
09:20 Vishnu : thanks all
09:20 Tejpreet : Vishnu had the same but small qty.
09:20 Govind : Congrats Vishnu
09:20 Shai : COT is booking
09:20 Govind : thanks Chandra
09:20 Vishnu : good tej
09:20 Shai : 10840 support for open
09:21 Tejpreet : Uttam you booked your pe
09:21 Jitender : congo all
09:21 Shai : Congarts all
09:21 Uttam : yes Tej 🙂 150 to 376 50% booked 11250weekly
09:22 Uttam : bought that PE in the final 10 seconds
09:22 Jitender : +1
09:22 Tejpreet : +1 Uttam.
09:22 Ketan : congrats all !!!
09:22 Tejpreet : Congrats to all green MTM.
09:22 Uttam : _/\_ thanks Jit & Tej and special mention of your feel for a gap down Tej 🙂
09:22 Rajan : Congrats all
09:23 Srinivas : my orders did not go through .. there is a long queue of cheap PE options in BN .. tickets khatam ho gaya 😉
09:23 Suhas : +
09:23 Tejpreet : same as you Uttam had booked that 114k but got into monthly 11k as discussed yesterday night.
09:23 Uttam : +100
09:23 Prateeek null : uttam. thanks for the advise. booked all. 5 dt done. no trades for today.
09:23 Uttam : aaj bhi whisky sour ho jayee 😉
09:24 Uttam : super Prateek & congrats
09:24 Srinivas : congo all’
09:24 Tejpreet : Shai’s 114k zone alert was rock solid. +1 chief.
09:25 Uttam : yes +1000
09:25 Boppanna : Congrts all
09:25 Govind : Congo Uttam and Prateek
09:25 Prateeek null : Congo all
09:26 Shai : Comgarts TP
09:26 Shai : Yes TP wanted a small gap down
09:26 Uttam : TP never does anything small Shai 😉
09:26 Shai : next time ask for a bigger one, we may get a circuit 🙂
09:26 Uttam : lol
09:27 Suhas : 🙂
09:27 Shai : 10940 to watch here
09:27 Shai : could rush to 11048 idf crossed
09:28 Saheer : 11k CE from 120 to 140
09:28 Suhas : OTD?
09:28 Uttam : OAOR Suhas
09:28 Uttam : huge gap down
09:28 Vishnu : oaor with big player here
09:28 Suhas : OK
09:33 Tejpreet : Shai circuit looks difficult nowadays with so many algos and oter speed mechanism but would love to see one today 🙂
09:34 Shai : going down to 10866 again
09:34 Tejpreet : Uttam what’s the NS spot low.
09:34 Shai : nice reject off 10940
09:34 Govind : Is there some sort of press meet from RBI/YESB/FM today?
09:34 Uttam : 10827
09:34 Uttam : todays na Tej
09:34 Uttam : or NS day?
09:34 Uttam : 10691
09:34 Tejpreet : no sitharaman candle of tax cut low
09:35 Uttam : 10691
09:35 Tejpreet : and lower circuit would be ?
09:35 Saheer : COT are all positive in recent candles
09:35 Uttam : _/\_
09:35 Suhas : SMALL COT
09:35 Saheer : yes
09:36 Gopi : sbi chairmen to mee NS in noon today
09:36 Gopi : meet
09:38 Abhinav : Nifty 10 lots shorted yest at 11295..squared off at 10915
09:38 Prateeek null : Congo Abhinav
09:38 Uttam : congrats Abhinav
09:38 Shai : OAOR
09:38 Abhinav : will wait for short covering rally to short
09:38 Abhinav : thnks
09:44 Boppanna : B starting
09:49 Suhas : first negative cot after so many positives
09:49 Sachin : usd/inr at 74.07
09:52 Abhinav : no new shorts…seems like everyone is waiting for a bounce
09:52 Abhinav : which may never come if everyone is waiting
09:52 Suhas : all have become Tortoise seems:)
09:54 Suhas : 840 coming?
09:55 Vishnu : expecting some rbi action soon
09:55 Abhinav : +1 vishnu
09:55 Abhinav : another yes bank sorts….RBL also bleeding…down almost 20%
09:56 Abhinav : RBI will intervene today
09:56 Vishnu : otherwise will see some disastress soon mkt rise from 10650-12400 many stocks not perormed but in this down leg all are participated
09:58 Chandrashekhar : 32K reds at lows..stuck for now
09:58 Himanshu : NS has to defend her NS candle
10:00 Abhinav : boom boom
10:00 Uttam : that stuck red getting out?
10:00 Abhinav : 11050 coming
10:00 Govind : look @ the size of that last bar in BNF, some 280 points
10:01 Shai : still positive COT
10:02 Abhinav : 280 points on a single bar…huge
10:02 Suhas : what was that .
10:03 Abhinav : that was hdfcbank..
10:03 Saheer : lot of zeros in that candle
10:03 Saheer : especially at top
10:06 Himanshu : 26500 PE 222 – 155
10:06 Himanshu : out fo rnow
10:06 Saheer : Kotak bank had a spike
10:06 Govind : Nice one Himmy
10:06 Himanshu : in morning stuck with 27500 PE 503 – SHorted did not work fo a while so booked with 10 Points
10:07 Himanshu : Shai : ‘ we are not prisoner of the market @
10:07 Himanshu : that was ingrained – he saidi it yday
10:08 Himanshu : with such huge gap down – Vol will be high and can cool dowan was logic
10:08 Himanshu : but 27500 is under danger striek fo rday end if we go tehre agin
10:08 Himanshu : so moved to 26500 PE
10:09 Himanshu : 5 DT
10:09 Uttam : congrats Himanshu 🙂
10:09 Srinivas : very nice.. congo H
10:09 Himanshu : played 3 times of size now Watching 30 minute
10:09 Shai : 10870 coming slo of 10837
10:09 Himanshu : Uttam – Chief -Jit – Gov I owe to you all
10:10 Shai : 10937*
10:10 Himanshu : and Room
10:10 Uttam : though not sure if playing with increased vols is a good idea today
10:10 Himanshu : yes
10:10 Shai : entry of the neg COT
10:10 Himanshu : but i entered after seing A postive COT
10:10 Himanshu : in both and 1000 points futher far from todays panic low
10:10 Suhas : one more attempt to clear vwap
10:11 Himanshu : yes size was wrom while in 27500
10:11 Himanshu : i had 25 % size
10:11 Suhas : no conviction
10:11 Himanshu : of daily trade
10:11 Vishnu : shai 10890 holds in ib . seems down capped for sometime
10:11 Himanshu : but 1000 points awy after 1200 point down with A positve COT
10:11 Vishnu : if we seen good cot can take entry in pe na
10:11 Himanshu : i felst atleast for 3 TPOS I could be safe
10:13 Shai : sl down to 10927 now- (10:09) Shai : 10870 coming slo of 10937
10:14 Shai : 10880 book half
10:14 Shai : Book ful
10:14 Shai : 10876 it came to
10:14 Abhinav : +1
10:15 Shai : can’t wait for last few paise in this market
10:15 Suhas : gr8
10:16 Shai : 10902 supply from here
10:17 Shai : A littel more red cot comes we will be at 10846 again
10:17 Shai : sl abv 10904
10:20 Jitender : 810-640 ha;f book
10:20 Jitender : 1st trade
10:20 Shai : :)- (10:10) Shai : entry of the neg COT
10:20 Shai : deadly entries they make these days
10:22 Himanshu : JIt congrates
10:23 Srinivas : congrats Jit
10:23 Suhas : what a timing and trade selection Shai..gr8
10:23 Jitender : tx guys
10:23 Jitender : more bookj at 590
10:24 Jitender : 1/3rd left
10:24 Shai : 10866
10:24 Jitender : +1
10:24 Suhas : booked 24 pints nifty
10:24 Govind : 27700pe from 525 to 601
10:24 Avinash : 20
10:24 Govind : Congo Jit, good one
10:24 Jitender : all out 560….
10:24 Shai : Hope none of you guys are thinking longs in this market
10:25 Jitender : tx Gov
10:25 Shai : look for bounce to short
10:25 Jitender : n congo to all
10:25 Suhas : no way
10:25 Govind : No Shai, only taken one trade and that was a short, apart from the overnight
10:25 Srinivas : +1 Gov
10:25 Boppanna : +1 Jit
10:25 Shai : don’t be that joketr who says this level will hold and that level will come. choose a point, undertand the trend and trade free
10:25 Kiran null : 27500 pe 377-405 done
10:26 Tejpreet : Congrats Jit
10:26 Suhas : no adrenaline rush:)
10:26 Suhas : good for heart]
10:26 Jitender : tx BoPs….u saw wat happened at 850
10:26 Jitender : +1 tej
10:26 Himanshu : yes Chief – Funny to say but I put withdrwal reuqest of all that 5 Dt and now paying my inurance premo=ium
10:26 Shai : I’m waiting at 10846 to book
10:26 Boppanna : Uttam’s hypo 775 entry after what happened above 810
10:27 Kiran null : *477-505
10:27 Himanshu : to avoid urge to play again – sould silly but ture
10:27 Jitender : H..if u were at Delhi..u wud have sworn with yr change in life if u followed half of wat was presented
10:27 Jitender : guys..pls follow tortoise…yr lives will change
10:27 Tejpreet : Shai was thinking about 2008, had salary account with Citi and they had overdraft facility against salary ….blew up 4 accounts in a month almost 6 months salary gone.
10:27 Jitender : be here …survive
10:27 Kiran null : yes jit
10:28 Himanshu : Jit – I know i miised and will never miss any future chance to hear you chief and UG again
10:28 Kalpesh : +1 Shai waiting for 10846
10:28 Tejpreet : indeed survival is the key.
10:28 Boppanna : Like Shai said pick ur spots use the charts for confirmation and shoot
10:28 Jitender : u know…ppl will think tey r smarter than u…tats k…tey r meant to b 🙂
10:28 Jitender : just remember its yr race n u r diff
10:28 Boppanna : stick to the trend until something on screen makes u change that view
10:29 Himanshu : yes
10:29 Shai : This is now a 40 point discount
10:29 Jitender : ledger matters….nt noise
10:29 Suhas : such an interactive and supportive group..
10:30 Shai : :(- (10:27) Tejpreet : Shai was thinking about 2008, had salary account with Citi and they had overdraft facility against salary ….blew up 4 accounts in a month almost 6 months salary gone.
10:30 Shai : But we learn’t and aren’t we smarter now ?
10:30 Abhinav : Shai….does the negative COT of 62k matter in such a condiition…or u are taking into account the series of negative COT?
10:30 Shai : series
10:31 Abhinav : ok
10:31 Rajesh : negative COT also at VWAP?
10:31 Tejpreet : Smarter and sharper with the best of resources and Mentor with us.
10:31 Shai : SL moved to 10889 now tgt still same
10:31 Govind : 2008, forever etched in our memories. I worked right across from Lehman HQ in NYC and had alot of firends/clients there
10:32 Shai : Nice
10:32 Himanshu : GOv – you were closest to biggest drop of our life time
10:32 Himanshu : I mean you are wiser for next life evn
10:32 Govind : H, first time I saw grown men cry
10:33 Govind : and these were successful invest. bankers
10:33 Himanshu : yea had one iT friend – told me queues to take drivcing license
10:33 Govind : I think Shai was with Lehman
10:33 Shai : It made all of us stronger. That’s what bear drops do- they clean the fields and leave only the strength standing
10:33 Manoj : I was part of 2008 at Goldman sachs.. know what a grown man cries like
10:33 Himanshu : by fintech staff who wer eon 120K plus anula package for drivers earning of 3K perminth
10:33 Srinivas : I am at JPM when FED is asked JPM to buy Bear Sterns @ $2/Share.. similar thing is unfolding now in YESBANK.. history repeats
10:33 Himanshu : and many were given linces
10:34 Shai : oh so good to know
10:34 Govind : Bear is another story
10:34 Tejpreet : Shai for the relatives/friends asking about bottom any levels or views . I mean something like youe yearly predictio n 🙂
10:34 Shai : bears sterns was march
10:34 Shai : lehman was oct
10:34 Shai : 6 full months in between was a warning
10:34 Himanshu : Off so great coincidence
10:35 Himanshu : well my promter in africal chanrai grp big basein Singapore – too
10:35 Vishnu : tht time i dont know options but one friedn said that to me the very same year 1.75 cr vanished into sky
10:35 Shai : Watching 10600 TP
10:35 Shai : spot
10:35 Himanshu : Reddigton – Olam Grp
10:35 Shai : if that goes!! phew
10:35 Himanshu : in commodity had huge investment in LEhman
10:35 Shai : I joked about vix 45 yesterday but if 10600 goes we may have it on screen
10:35 Kalpesh : so we have people from GOLDMAN, LEHMAN, JPM. in the room
10:36 Kalpesh : great
10:36 Vishnu : 10600 is the monthly poc of 2018 shai
10:36 Himanshu : and our bonuses were delayed as we were wisheperes – of having list 1.5 decades of earnings out of Africa by grp in Lehman crisi
10:36 Tejpreet : Thanks chief . Guys do make notes of these levels .
10:37 Kalpesh : Shai…can we move SL to 10894 for target of 10845
10:37 Uttam : _/\_ – (10:27) Tejpreet : Shai was thinking about 2008, had salary account with Citi and they had overdraft facility against salary ….blew up 4 accounts in a month almost 6 months salary gone.
10:37 Uttam : C side coming up in NF?
10:38 Suhas : Shai’s target is on the way 840
10:39 Kiran null : bnf struggling at vwap
10:39 Shai : book
10:40 Shai : 10846.8 – (10:17) Shai : A littel more red cot comes we will be at 10846 again
10:40 Boppanna : +100 Shai
10:40 Kalpesh : booked at 10854
10:41 Shai : book if in short
10:41 Shai : will relook at 10893 or down below 10840
10:44 Uttam : +1 booked that 11250pe fully at 402 – (10:41) Shai : book if in short
10:45 Himanshu : Cong Uttam
10:45 Srinivas : +1 Uttam
10:50 Abhinav : +1 uttam
10:52 Boppanna : Uttam _/\_
10:52 Govind : Congo UG
10:55 Prateeek null : congrats uttam
10:57 Uttam : thanks so much guys 🙂
10:58 Abhinav : 4 negative COT’s and we and the lows are defended…a trap may be?
10:59 Suhas : IBL might get tested
11:03 Shai : IBL is signifivant for the 10890 level in spot
11:03 Shai : mentioned at open to watch it
11:03 Shai : imp zone for us
11:04 Shai : (09:05) Shai : If it stays below 10890
11:06 Shai : what’s at 10890?
11:06 Shai : it’s the first set of big buyers once NS announced her cut in corporate tax
11:07 Shai : if this breaks we see 10716 today
11:07 Shai : do your home work guys- you know sgx will open here, go back and watch prev charts
11:07 Sanjib : -56K COT NF
11:08 Abhinav : again this push is not enough
11:09 Uttam : 2 month composite Value of Aug & Sep monthly was at 10746-11039-11104
11:09 Uttam : Monday we took sup tight at that POC which is why had mentioned if we stay below 11039 good chance of getting to 10746
11:10 Uttam : https://mplite.vtrender.com/?symbol=NIFTY_SPT&tf=monthly&tpo=24&sp=1&startDate=01-07-2019&endDate=05-03-2020&nDays=170&idstr=.3_81.4_81.5_81.6_81&dstr=23.39.20.20.21.23.20.4&rst=0&iam=
11:11 Uttam : Feb month formed overlapping Value over last 3 months but closed in a spike down from 11614 to 11175
11:12 Uttam : this month we started with building Value in that spike & now moving lower
11:13 Uttam : similarly in NF we had a big composite from July 31st till the day NS candle was formed ith Value at 10880-11025-11095 and even spoke about this in the Delhi workshop
11:14 Uttam : first tme it went below 11095 on Monday took support at that POC of 11025
11:14 Uttam : and today hit that 10880 & now getting accepted below it
11:15 Suhas : thanx uttam for referances..
11:15 Uttam : RE here in NF
11:15 Chandrashekhar : 1 lac green??
11:15 Suhas : just at ibl
11:15 Sagar : sq off?
11:15 Uttam : yep and 0s below it
11:15 Prakash : 100K green NF
11:15 Chandrashekhar : so shorts going out here?
11:16 Uttam : is E doing a C today?
11:17 Abhinav : +75 COT
11:17 Uttam : reds coming
11:17 Suhas : its getting absobed
11:18 Suhas : tight fight
11:18 Uttam : needs to get above 10858
11:18 Uttam : for a vwap tag
11:18 Abhinav : +1 Uttam
11:21 Sachin : 10900 ce and pe bang on 72k each
11:22 Vishnu : ibl exactly below 0 s and 1.26 l buyer
11:22 Himanshu : market waiting for cue fom govt now
11:22 Chandrashekhar : 7.5 Vs 7.2 lac now
11:22 Chandrashekhar : 11900 CE/PE
11:23 Himanshu : TV time
11:28 Uttam : happening – (11:18) Uttam : needs to get above 10858(11:18) Uttam : for a vwap tag
11:28 Shai : +1
11:28 Uttam : vwap here in NF
11:28 Boppanna : bingo..what was the opening 5 min COT in BNF Uttam?
11:29 Uttam : +1L
11:29 Sagar : @Shai does out view changes after tha 100 k green
11:29 Sagar : our*
11:29 KK : 10841 TO 10878.BOOKED..SL 829 on that 100K green
11:29 Uttam : (11:16) Uttam : is E doing a C today?
11:29 Uttam : same rules like C side to play this today, big buyer came on IBL break & gets VWAP
11:30 Suhas : +1 uttam
11:30 Uttam : greens at vwap
11:30 Uttam : SL of shorts of fresh buying?
11:31 Suhas : 585
11:31 Suhas : sorry bymistake
11:31 Shai : view is at 10890 spot or IBL- so far no fresh supply there – (11:29) Sagar : @Shai does out view changes after tha 100 k green
11:31 Jitender : 650-540done
11:32 Shai : +1
11:32 Shai : 10863 supp
11:32 Shai : below that IBL again at 10837
11:32 Jitender : tx Shai
11:33 Uttam : congo Jit 🙂
11:33 Jitender : DT done..finally
11:33 Jitender : tx UG
11:33 Govind : congo Jit
11:34 Govind : that overnight strangle gave me a huge windfall, so sitting tight. no more trades
11:34 Kiran null : congo jit
11:34 Jitender : tx guys
11:34 Jitender : nw open 2 any direction as LIC off shld hv opened by now 🙂
11:35 Himanshu : jit cong
11:35 Himanshu : LIC is busy writing down their equity inv of 537 cr tio YEs bank
11:35 Jitender : tx H
11:35 Govind : YESB is down 75% in spot; no circuit limit?
11:35 Jitender : ys bank below 10 now
11:35 Himanshu : and NAV drop of overnight holding of Bonds
11:35 Himanshu : yes i saw 8 Rs
11:36 Jitender : get it to 1..i mite think of buyn sum %age stake in it 🙂
11:36 Himanshu : i sold at 35.7 ‘yday was 1K
11:36 Himanshu : but it llos like GTB case so in that case shareholders might not get anything
11:36 Himanshu : we have to see how it works
11:36 Jitender : ys
11:37 Himanshu : price should fall below demat holding fees
11:37 Himanshu : haha
11:37 Himanshu : housing loan payers are sending queries that weather they should pay intsllments to bank
11:38 Himanshu : which might go in wein and tom some other entity might ask
11:38 Himanshu : there was time to get housing loan from Yes bank last year
11:39 Himanshu : Anyways one more tax payers money went down the drain
11:39 Jitender : infact if we pool in…it cud be VT bank in future (11:36) Jitender : get it to 1..i mite think of buyn sum %age stake in it 🙂
11:39 Himanshu : which we have to keep paying thru various taxes on us
11:40 Govind : m. capis 2500 crore now, will come down to 250C if price comes down to Rs.1
11:40 Jitender : i know
11:40 Govind : crazy
11:40 Jitender : tabhi to lene ka fyada hai
11:40 Govind : and these guys are sponsors for the Global Business Summit in Delhi
11:41 Himanshu : initaly i thought Statebank is interested as investor and can run as seperate etity and revive with their backing – as if SBI is laredy suffering Union issues it caould have been private banking experice
11:41 Himanshu : SBI hs opened special brnaches to take cre of HNI clinetle I have one in baroda
11:42 Himanshu : in most prime location in costliest Shopping complex – with posh look to ttact NRIS Gujjus vasiting in year end to bring them in
11:42 Vishnu : if its in 1 rs i will buy fir 5 l and forget that
11:42 Himanshu : Yes Bank could be one of such retail Arm to stand among HDFC s & Kotalk Type backed by SBI is good business idea –
11:43 Himanshu : casue SBI DNA of employees are still Govt type –
11:44 Amit N : YB low of 5 and now at 14 🙂
11:44 Himanshu : 2 BN US$ write off is tehre whoeaver takes it
11:44 Rajesh : brought yes bank at 8 and sold at 13..
11:44 Rajesh : do notaskme quantity
11:45 Sanjib : charts stuck?
11:45 Suhas : yesbank good for gamble:)
11:46 Srinivas : charts stuck?
11:46 Saheer : yes for me too stuck
11:47 Prateeek null : any thoughts on shorting pvr, indigo etc. extrapolation of how corono could play. us markets these sectors got impacted the most
11:47 Amit N : few lakhs Rajesh 🙂
11:48 Govind : flat vwaps in both
11:48 Jitender : mfsl ..i shrted at 591 in positional..cvrd at 484 2day…but it was a tv trade
11:49 Jitender : i had done 470-550 on it on a friend’s adbice
11:49 Uttam : OAOR Gov – (11:48) Govind : flat vwaps in both
11:49 Jitender : advice
11:49 Govind : +1 Uttam
11:49 Uttam : but afternoon could give a good move considering its Fryday too
11:50 Srinivas : +1
11:50 Himanshu : charts stuck here Ug same
11:50 Himanshu : at ur end?
11:50 Saheer : Uttam chart is stuck?
11:50 Srinivas : stuck for last 10min for me
11:50 Srinivas : reload did not help
11:50 Avinash : Same
11:50 Kalpesh : YES BANK – its RANA KAPOOR’s revenge…when RBI did not allow him to remain CMD, he made sure that if i am not there, bank wont be there 🙂
11:51 Kalpesh : So once he is out, he ensured the bank does not get capital from anywhere
11:54 Saheer : for me stuck from 11.45
11:54 Jitender : Kalpesh..tis is like sayn get blood from a gujju or marwari if want to be successful in stock mkts
11:55 Jitender : blood transfusion
11:55 Abhinav : VIX is just not interested today post initial bout
11:58 Kalpesh : 🙂 ha ha jit
11:58 Uttam : @Jit mujhe tumhara khoon chahiye ;-p
11:59 Suhas : 🙂
11:59 Saheer : long time near VWAP
11:59 Govind : today is a good day for RBI to cut rates
11:59 Uttam : NF probing higher
11:59 Jitender : Uttam..u r already drawing it 😉 pun unitended
12:00 Uttam : aur chahiye bro 🙂
12:00 Govind : Saheer, use the GoTo charts for now
12:00 Jitender : 🙂
12:00 Uttam : so that we gret a pop and you can go short 😉 – (11:59) Govind : today is a good day for RBI to cut rates
12:00 Saheer : ok will try. Thanks Govind
12:01 Himanshu : UG Chart is stck – Go too working though
12:01 Uttam : yes Himanshu, have pinged Shai
12:01 Saheer : I think chief slept after DT 🙂
12:02 Uttam : not slept for sure but he must be chilling out 🙂
12:02 Saheer : ha ha
12:02 Govind : am chilling too, watching Narcos Mexico 🙂
12:03 Uttam : yeh lo
12:03 Uttam : Friday it is
12:04 Govind : Jit and Tej have said this many a times UG, if u make money on a Fryday morning, then it makes sense not to force any trades later on
12:04 Uttam : +1000
12:04 Uttam : it also keeps you in the best mode to catch a sure shot trade if any which comes later in the day
12:05 Govind : absolutely
12:06 Suhas : lots of learnings in Vtrenders roomm every moment…timee goes so pleasantly inspite being continue with screen …zeen trading as said is perfect term
12:06 Suhas : no panic no rush to traddee
12:07 Rajesh : ug ref level in bnf
12:07 Uttam : if you do the right set ups at the right time (OF) automattically you would not look to rush into any trade
12:07 Uttam : 27800 on upside Rajesh
12:07 Rajesh : thanks
12:08 Rajesh : it is zero stress trading here
12:09 Govind : charts fine now
12:11 Himanshu : eys Gov – UG thx
12:12 Uttam : 51k green sitting right at top in NF
12:12 Uttam : Jit would have chorted there if he traded NF 😉
12:12 Uttam : and covered also here at vwap
12:12 Uttam : shorted*
12:13 KK : charts lagging
12:15 Uttam : refresh once KK
12:16 Uttam : IS developing in NF at vwap
12:16 Uttam : lets see how this bar closes
12:18 Uttam : some demand coming in
12:19 Sachin : crazy yes bank up from lows of 5.65 to 15.4, multibagger 3x for some 😉
12:20 Jitender : ys
12:20 Sachin : did you buy?
12:20 Jitender : nope
12:20 Jitender : waiyng fr 1 or 2 😉
12:20 Uttam : Jit wants to buy a stake in yes bank 🙂
12:20 Suhas : it might become 1 rupees
12:21 Sachin : 1 rupee is total bank, le lo
12:21 Srinivas : Jit wants the stock at RBI rates 😉
12:21 Srinivas : JPM target is Rs.1
12:21 Jitender : an old joke is..why tey dont hire women managers / tellers at yes bank
12:22 Ketan : they always say No !
12:22 Srinivas : hehe
12:22 Jitender : coz tey cany say …no
12:22 Jitender : cant
12:22 Suhas : lol
12:22 Ketan : ha ha h
12:26 Uttam : Jit you have your algo on in BNF at 27490?
12:26 Shai : charts fine for everyone?
12:26 Sagar : yes
12:26 Ketan : yes shai
12:26 Uttam : yes Shai
12:26 Saheer : yes
12:26 Shai : had an extended cup of coffee – NF sleeping at vwap in the OAOR
12:26 Ritesh null : yes
12:26 Uttam : 🙂 – (12:26) Shai : had an extended cup of coffee – NF sleeping at vwap in the OAOR
12:27 Avinash : Yes
12:27 Shai : shake your selves up
12:27 Rajesh : shai – how you see Niffty shaping up remainng day?
12:27 Suhas : bening weekend shortcovering in second half??
12:28 Shai : we may have a goof cldoing on the OAOR
12:28 Srinivas : is it really coffeee you had Shai 😉
12:28 Uttam : good closing*
12:28 Shai : closing*
12:28 Shai : lol yes
12:28 Uttam : 🙂
12:30 Amit N : 🙂
12:30 Uttam : another 49k green in NF
12:30 Shai : 10931 dosable
12:31 Shai : doable*
12:31 Uttam : (12:16) Uttam : IS developing in NF at vwap(12:16) Uttam : lets see how this bar closes(12:18) Uttam : some demand coming in
12:31 Amit N : 🙂
12:31 Suhas : 75g
12:32 Uttam : looks like SL of that 56k red at 10870
12:32 Uttam : 10865 to 10915 he must have got out
12:32 Uttam : boom boom
12:32 Himanshu : spot spiked up 40 points frst
12:32 Uttam : BNf going for that 27800 test;
12:33 Tejpreet : Shai what timing +100
12:33 Uttam : 30k green in it
12:33 Shai : 10931 dot- (12:30) Shai : 10931 doable
12:33 Uttam : now we know where Shai had gone 😉
12:33 Tejpreet : 10930
12:33 Uttam : +1000
12:34 Suhas : 1.7 l cot
12:35 Himanshu : out n 10500 PE 58 – 44
12:36 Srinivas : congo H
12:37 Himanshu : Thx Sri
12:37 Abhinav : cong Himanshu
12:37 Himanshu : Bopp – Hammer time
12:38 Himanshu : Abhi -Thx
12:39 Uttam : NF going to confirm a FA at lows?
12:39 Uttam : 45k green here
12:39 Uttam : good vols at 10920 in NF
12:39 Himanshu : Depends on Bopp Hammer force
12:42 Boppanna : BNF Still with Uttams hypo boundary 774
12:42 Boppanna : *within
12:43 Uttam : for the record BNF completed the 2 ATR move down from that negated FA of yesterday whcih was at 28547
12:44 Himanshu : so you feel rotataion here
12:44 Uttam : 27543 was the 2 atr
12:45 Uttam : which is where we have todays dpoc as of now
12:49 Shai : Intra – Buy 10800 pe abv 123 sl of 113 tgt 145. cmp 119 buy abv
12:49 Himanshu : so we hsal l watch move away fo tehre in eitehr directio as per COT
12:54 Rajesh : shall i buy put now
12:55 Rajesh : shai
12:56 Shai : buy abv 123
12:56 Rajesh : ok
13:05 Abhinav : neutral day formation ?
13:10 Shai : okay
13:10 Shai : that put window is closed now
13:11 Shai : 10920 supp for the auction
13:11 Rajesh : bnf up COT -ve
13:13 Shai : RS in NF
13:13 Shai : 94K guy of 10840 closing or countered
13:15 Tejpreet : Shai buy above 940 active ?
13:26 Rajesh : r we there
13:28 Kalpesh : yes Rajesh
13:28 Vishnu : a test to vwap ug
13:28 Kalpesh : since everyone’s DT done, i guess lunch time
13:28 Vishnu : here in my shop gst raid going on
13:29 Vishnu : so am busy with them
13:30 Rajan : 10900 PE 141-152
13:30 Vishnu : +1rajan
13:30 Ketan : vishnu ! take care man !
13:30 Kalpesh : @Shai – is this pullback looked like INVENTORY ADJUSTMENT you mentioned the workshop day?
13:31 Vishnu : yes
13:37 Himanshu : fall sleep –
13:40 KK : lets go to the other side
13:40 KK : possible 840 and more ?
13:45 Jitender : tc bro (13:28) Vishnu : here in my shop gst raid going on
13:49 Shai : That happens on trend days only- (13:30) Kalpesh : @Shai – is this pullback looked like INVENTORY ADJUSTMENT you mentioned the workshop day?
13:51 Suhas : facg heat at 1st hr high of spot
13:54 Saheer : take care Vishnu
13:55 Uttam : FA at lows confirmed in f
13:56 Uttam : NF but can also leave a FA at hgihs too as not stayiing above IBH
13:57 Suhas : IBH shd be taken with heavy buying
13:58 Uttam : boom boom
13:58 Suhas : there
13:59 Vishnu : cot not good ug
13:59 Uttam : 0s at 10960
13:59 Abhinav : os?
13:59 Tejpreet : 11048 next Uttam
14:00 Uttam : yes Vishnu good supply also coming in that bounce
14:00 Uttam : 11025 Tej
14:00 Shai : 0’s are there
14:00 Tejpreet : tks
14:00 Shai : 10968
14:01 Abhinav : what is the meaning of 0’s?
14:01 Vishnu : 1.5 ib up cpmes at 1104.7
14:01 Vishnu : 11004.7
14:01 Vishnu : let check if it tag?
14:04 Vishnu : 0 taken out with another 0 lets inersting game on
14:05 Shai : Intra – short NF below 10932 sl of 10967 tgt 10884
14:05 MJ : Bossman 🙂 Shorted with 1L cot as we spoke.
14:05 MJ : worked like a charm.
14:06 MJ : Thanks /\
14:06 Shai : in
14:07 Sachin : -260 k cot?
14:08 Jitender : 980-928 nf & 28970-28800
14:08 Jitender : 1.74x
14:08 MJ : Super Jit.
14:08 Shai : +1
14:08 Jitender : all tx 2 OF OF n OF
14:09 Rajan : Awesome Jit
14:09 Shai : +1- (14:05) MJ : Bossman 🙂 Shorted with 1L cot as we spoke.
14:09 Jitender : tx chief n gents
14:09 MJ : 11977 11927
14:09 MJ : for me.
14:09 Shai : That is the aggresive trade
14:09 Uttam : congo Jit & MJ but 1000 point spike de diya MJ 😉
14:10 Sachin : that’s real aggressive, as it’s a vshape
14:10 Uttam : 10977-10927 🙂
14:10 Sachin : real tough
14:10 Tejpreet : +1Jit and MJ.
14:10 Shai : Bring sl to 19949- (14:05) Shai : Intra – short NF below 10932 sl of 10967 tgt 10884
14:10 Jitender : tx Uttam & Tej
14:10 Shai : 10949
14:11 MJ : If you remember last week I had mentioned loads of people are hoping to take support on 200 ema which was 11740ish back then. Jit mentioned 11689 TV ma. Have been short since then. Sell the fucking rise. Keep calm and Stare OF.
14:11 Srinivas : 10.9K PE monthly 240-257 today dt complete
14:11 Shai : +1
14:11 MJ : Bossman hinted for big correction too. All inputs set for a solid feb march.
14:12 Tejpreet : anyone made money on buying ce “s !!
14:12 Srinivas : thx Shai
14:12 Jitender : Shai mention 380 on 10.9ce/pe..tey squeezed it dwn by 60bps….last major fall day ..tey same till 1pm
14:12 Jitender : tat timing note helped
14:13 Jitender : was waitn fr a spike….all trades stbr
14:13 Jitender : cudnt get to do a long today 🙂
14:14 Tejpreet : +1 Jit
14:15 Jitender : +1 to u bro for tat PE carry….was tempted, but had a gd expiry so held myself back
14:15 Sachin : i actually did the opposite, 29500 had the highest pe writing, went long at 405 and exited at 450, same 10900, went long with 10900 ce at 10920 and closer to vwap pull back and came out at 190… both have been comfortable. are these incorrect?
14:16 Shai : cut the short at 10933 cost here . aggressive traders can still hold 10949 tsl
14:16 Jitender : no Sachin
14:16 Jitender : tey arent
14:16 MJ : Thanks Uttam Tp.
14:16 Jitender : do wat u understand with risk management in place
14:16 Sachin : yes, that i learnt the hard, way… have my rules quite clear on that
14:17 Jitender : for u Sachin (12:21) Jitender : an old joke is..why tey dont hire women managers / tellers at yes bank(12:22) Ketan : they always say No !(12:22) Jitender : coz tey cany say …no(12:22) Jitender : cant
14:17 Jitender : nothn is absolute in tradn
14:17 Jitender : many strategies work
14:17 Sachin : understood thanks
14:17 Jitender : +1
14:18 Vishnu : pe done and dusted 1.5 dt now
14:18 Jitender : grt
14:18 Rajan : +1 Vishnu
14:19 Vishnu : tht cot i used and out now
14:19 Vishnu : 10500 monthly e 110-130
14:19 Srinivas : congo Vishnu
14:19 Rajeshwar mutyapu : My target i done 10945, if we close below 10945 for 2 days expect 10550 or will move slowly to 11550 in coming weeks
14:21 Himanshu : Jit – Chief – we can still b ein NF short –
14:21 Himanshu : Missed was away for bit
14:21 Jitender : (14:16) Shai : cut the short at 10933 cost here . aggressive traders can still hold 10949 tsl
14:22 Himanshu : k
14:24 Boppanna : that 20k right at vwap BNF looks stuck
14:24 Tejpreet : Another round done on ce’s and NF .
14:25 Tejpreet : 890 is now sl for any contra stunts and dip buying.
14:26 Tejpreet : has to be in sytem as can fall fast being fryday.
14:28 Saheer : zeros down and + ce COT. going to go higher?
14:30 Jitender : +1 Tej
14:30 Vishnu : lets find the context fisrt and use with the trend . currently we are in bear territtory if a pull back done with positive ct we nned to be in caution in taking pe. but tht high towards 11990 and cot above -2.5 l gives the signal take pe man
14:31 Tejpreet : Saheer mark your levels and the trade , even if goes higher RR not favourable now
14:31 Vishnu : its my pe trade agenda for the newbees here
14:32 Shai : reduce size and trade nxt hour
14:32 Shai : It’s nota smooth cut and dry operatio
14:32 Tejpreet : +1
14:32 Shai : besides it is FRYday
14:32 Shai : we don’t want to give back on the tremendrous week we have all had
14:33 Saheer : Noted Tejpreet
14:33 Tejpreet : +1
14:33 Himanshu : Oh yea Chief + 1000 to that
14:33 Himanshu : Ye week na milga dobara of volatilty
14:33 Shai : perfect- (14:30) Vishnu : lets find the context fisrt and use with the trend . currently we are in bear territtory if a pull back done with positive ct we nned to be in caution in taking pe. but tht high towards 11990 and cot above -2.5 l gives the signal take pe man
14:33 Rajiv : screen working?
14:33 Shai : yeah fine
14:34 Vishnu : thanks shai for this turnaround in me
14:34 Shai : Cheers man
14:35 Shai : There is always lots of respect for people who want to learn and upgrade themselves always
14:35 Sachin : excellent note vishnu. thanks
14:36 Srinivas : +1 Vishnu
14:36 Rajan : excellent explanation Vishnu
14:36 Rajan : gives a lot of prespective before taking a trade
14:38 Rajesh : why so much volatility, shai, ug
14:41 Himanshu : 10900 PE is costlierthen 1100o PE
14:41 Himanshu : strange
14:41 Shai : ?
14:41 Himanshu : while NF spit is 10993
14:41 Himanshu : Spot
14:41 Himanshu : My bad
14:41 Shai : 130 and 170
14:41 Himanshu : Sorry
14:41 Shai : hoe?
14:42 Himanshu : was looking at 19th
14:42 Himanshu : 10900PE
14:42 Himanshu : ist ok Sorry Gents
14:43 Vishnu : better go with monthly otm if it suits . nowadays otm becames itm in a night
14:43 Himanshu : Ok Vi
14:44 Tejpreet : Fryday can’t be a NC close , Jit tell your bots to move it.
14:44 Vishnu : ns day vpoc 11290 which was defended al this week . remmember this point
14:44 Vishnu : is it valid shai
14:44 Vishnu : ?
14:45 Govind : FM PC @ 430pm re YESB
14:46 Himanshu : Why did you pinged her after your DT is done
14:46 Himanshu : Ungli -?#
14:47 Himanshu : Sameer Arrora said in CNBC that She made remark in budget speech that people money is safe in Deposits govt will take care of it
14:47 Himanshu : that line indicated Yes Bank future
14:47 Shai : yes upto 5L
14:48 Tejpreet : But Shai already implemented or wef from next FY.
14:49 Shai : That I am not sure of 🙂
14:49 Himanshu : Today so much write down will happne in MF folios and in Bonds of Yes bank holding in all MFs and LIC etc on todays closinng price of YEs bank
14:49 Srinivas : they got to increase the limits more 5L is nothing these days
14:50 Himanshu : wide spread deposit is with in 5 L
14:50 Srinivas : most of the retired individual’s savings are in FDs
14:50 Srinivas : they are the most vulnerable to any of these crisis
14:51 Himanshu : but are mostly spread in NPF, PPF , MFs – pure bank deposts are less due to favroable rates there
14:51 Himanshu : PPF still give more than bank FDs – mean as per my Bro in law wh o sis RM in Baroda in SBI
14:51 Prateeek null : DICGC has insurance of 5L per person. limit got revised from 1 to 5 this year only.
14:52 Srinivas : 1L was a joke.. my opinion even 5L is not enough
14:52 Himanshu : But FM in budget speech hspecilly mentiond Scheduled and comm bank – ( Non pSU) whichthen indicated which is next patient
14:53 Himanshu : anyways I was hopeful of some acquisition – hence i bugt yesterday
14:53 Srinivas : in US, FDIC insurance is 250k for individual and 500k for joint accounts
14:53 Himanshu : and exited –
14:53 Jitender : Tej…done fr the week
14:54 Himanshu : oh you said as per COT ?
14:54 Tejpreet : kind of but still some ce …maybe a NE close if intra shorts puke into close.
14:54 Tejpreet : jit
14:54 Jitender : k
14:55 Himanshu : Tej what was your trade in CE
14:55 Himanshu : short CE 11k or long 1100o PE
14:55 Himanshu : mean if you dont mind
14:56 Tejpreet : 10900 weekly call and NF at arounf 927 , ce is out just 3 lot nf left.
14:57 Himanshu : + 1
14:57 Tejpreet : long as didn’t go below vwap.
14:57 Kalpesh : guys..what % of capital as DT you look for ?
14:58 Suhas : good question kalpesh
14:58 Himanshu : Depends on your brand !
14:58 Himanshu : Jus kidding
14:58 Suhas : 0.5-1% fr me
14:59 Srinivas : +1 Suhas
14:59 Srinivas : aim for 1% but be happy if you can make 0.5% on average
14:59 Tejpreet : why based on % , can be a amount which gives you higher win rate also .
15:01 Pritesh : FM Sitharaman to brief media at 4.30 pm
15:05 Tejpreet : TSL gone at 937 done for the week.
15:05 Tejpreet : NC it looks like for NF ,
15:06 Uttam : balanced profile at new lows
15:06 Uttam : BNF morning singles held all day
15:06 Uttam : NF has a FA at lows
15:07 Uttam : today high in NF is exactly 1atr from the FA
15:07 Uttam : 10997 it was
15:07 Sanjib : +1 uTTAM
15:07 Shai : 10957 supply for the trip to vwap from here
15:07 Uttam : yes latest IS at 10960
15:08 Shai : yes IS there
15:08 Uttam : COT also -86k
15:15 Sagar : 43k Red
15:20 Shai : dpoc shifted up
15:21 Chandrashekhar : Thanks All, Bye now..
15:21 Chandrashekhar : Happy weekend
15:21 Himanshu : saw green hence exited 11000 ce weekly 122- 118
15:22 Himanshu : if was quick drop to 11920 –
15:22 Himanshu : thinkFM cof shorts booking
15:22 Uttam : yes Shai 10940
15:22 Uttam : Neutral Centre in NF
15:23 Uttam : 27774 again pivot in BNF
15:24 Uttam : closing around there
15:26 Ketan : chalo guys ! thanks a lot ! good week !
15:27 Suhas : 2.5 lac cot in last 30 mins
15:27 Uttam : big reds here in NF
15:28 Uttam : 1.4L guy
15:28 Uttam : could be closing of positions
15:28 Suhas : chances of monday gap down
15:29 Uttam : thanks All 🙂 have a lovely weekend
15:29 Shai : Bye all
15:29 Shai : Have a good weekend
15:29 Sagar : have goond one guys !!
15:29 Shai : catch up MOnday
15:29 Rajan : Thanks all..have a great weekend
15:29 Suhas : bye have gr8 time
15:29 Avinash : Bye! Have a wonderful weekend everyone.
15:29 Suhas : thank you
15:29 Shai : And don’t forget to visit the Training Library
15:30 Suhas : +1
15:30 Himanshu : bye all
15:30 Himanshu : thanks all
15:32 Saheer : +1