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 OrderFlow 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
09:00 Shai : (08:58) Shai : 30 min charts – https://global.gotomeeting.com/join/250619101
09:01 Shai : (09:01) Shai : The option charts would not be up today. We would be back with them on Monday
09:15 RK : (09:15) RK : Short BNF 27750 SL 27830 obj 27685/27650
11:25 RK : (11:24) RK : stopped (09:15) RK : Short BNF 27750 SL 27830 obj 27685/27650
11:51 RK : (11:51) RK : Keep BNF long at 27828 SL 27758 obj 27918
12:14 RK : (12:14) RK : Didnt get a fill..cancel this now (11:51) RK : Keep BNF long at 27828 SL 27758 obj 27918
12:39 RK : (12:38) RK : BNF long at 27800 SL 27740 obj 27880/27920
12:47 RK : (12:47) RK : Long NF 11045 SL 11025 obj 11065/11075
14:03 RK : (14:03) RK : move SL to 11035 (12:47) RK : Long NF 11045 SL 11025 obj 11065/11075
14:10 RK : (14:10) RK : Part booked 11065 move SL to 11045 for the balance (14:03) RK : move SL to 11035 (12:47) RK : Long NF 11045 SL 11025 obj 11065/11075
14:31 RK : (14:30) RK : Book full 27865 (12:38) RK : BNF long at 27800 SL 27740 obj 27880/27920
14:32 RK : (14:31) RK : Book full at 11068 (14:10) RK : Part booked 11065 move SL to 11045 for the balance (14:03) RK : move SL to 11035 (12:47) RK : Long NF 11045 SL 11025 obj 11065/11075
08:58 Shai : 30 min charts – https://global.gotomeeting.com/join/250619101
09:00 Shai : GM all
09:01 Shai : The option charts would not be up today. We would be back with them on Monday
09:02 Shai : https://vtrender.in/market-profile-analysis-dated-7th-mar/
09:07 Jitender : Gm Folks 🙂
09:07 Shubro : Gm everyone
09:07 Srinivas : gm all
09:08 AN : Good morning
09:09 Rahul Desai : GM everyone
09:10 TP : GM All.
09:11 RK : GM Shai and all
09:11 Manjunath : GM all..:)
09:12 TP : Happy Womens Day to any ladies present in the room.
09:12 Uttam : Good Morning All 🙂
09:12 Uttam : other then BNF you mean Tej 🙂
09:12 TP : lol
09:12 Uttam : yes not sure if we have any women but if any then a very Happy Women’s Day to all of them
09:13 Boppanna : Gm all
09:15 RK : Short BNF 27750 SL 27830 obj 27685/27650
09:18 Uttam : some good greens here in NF at the lowrr open
09:18 Uttam : 41k & 21k
09:18 Manjunath : GM RK
09:18 Uttam : to counter the selling
09:19 Manjunath : Your NF bias for the day?
09:19 Uttam : BNf looking like wants to fill the DD region of yesterday
09:19 RK : 11110-11035 range Manjunath..beyond this can trend
09:19 Manjunath : Thanks RK -/\_
09:20 Uttam : selling continues in NF
09:20 Uttam : -30K COT
09:20 Rahul Desai : COT?
09:22 Subhodeep : gm all
09:23 Uttam : RK giving island resercal?
09:23 Uttam : reversal*
09:24 Boppanna : COTT -74 in that 5 min
09:24 RK : lets see all day value Uttam
09:24 Boppanna : -70K
09:24 Hari : GM Everyone
09:24 Uttam : +1 RK 11064 was a FA yestersay so tyaing below it means NF gets weaker
09:26 Jitender : bnf has greens..with 6k at 750
09:26 Uttam : it has a 15k red also there Jit
09:26 Jitender : n 5k stuck at 585
09:27 Jitender : ys Uttam
09:27 Jitender : 740-785 range
09:27 Uttam : 745-710 imp sup else yPOC coming
09:29 Jitender : Shai..views on usdinr pls
09:31 Uttam : 19k red at lows of NF exiting here?
09:32 Uttam : BNf also getting support there at 27750
09:34 Uttam : that 10900PE positonal hit the SL yesterday but is well above that 72 level today
09:34 Uttam : above 90 can get good for move to 108 / 123 / 141
09:35 Manjunath : NF Premium dropping?
09:35 Shai : usdinr – will rework levels. Looks like a long term change should come in the charts post Draghi news
09:35 Jitender : Rk..nf is also a short..looks lweaker compared to bnf ?
09:35 Shai : disturbs a lot of fundmaentals
09:35 RK : yes Jit
09:36 Shai : don’t expect equity to react immediately
09:36 RK : 11095 invalidation
09:36 RK : for 11045/35 here
09:36 Jitender : tx Shai & Rk
09:36 Shai : but as a longer term view expect Dollar to emerge stronger, European banks should continue weak today
09:36 RK : thats for aggressive..conservative can short 11080-11100 band today with 11120 invalidation
09:37 Rahul Desai : Hi Shai will it be wise to by April Futures for USDINR?
09:37 Rahul Desai : buy
09:37 RK : if we do probe 11035 and bounce then that conservative view negated..we can see sm balance
09:37 Hari : RK, swing support for NF at 10946?
09:37 RK : yes 950-980 band
09:38 Hari : Thanks a lot
09:41 Uttam : selling continues in NF & now that buyer looks to be tested in BNF also
09:41 TP : Shai bot alerts not coming in today .
09:41 Boppanna : IMO 11019 on possible if we stay below 11065
09:42 Uttam : pink band in NF but a 43k green also
09:44 Risshi rewari : hello uttam pls share the relevance and purpose of this pink band
09:44 Uttam : 17k green at lows in BNF
09:45 Pradeep : Uttam 17K is stop order right
09:45 Uttam : could be Pradeep
09:46 Hari : BNF pretty steady
09:46 Hari : NF is bad
09:47 Raj : (09:41) Boppanna : IMO 11019 on possible if we stay below 11065. What is IMO Boppanna?
09:48 Jitender : in my opinion
09:48 Boppanna : In my Opinion 🙂 not an MP term
09:49 Raj : 🙂
09:49 Jitender : imho=in my honest opinion
09:49 Manjunath : @Jit – IMHO = H for humble I thought all these days
09:50 Jitender : either 🙂
09:50 Jitender : i use honesh more…n mkt humbles it 🙂
09:50 Jitender : honest
09:50 Uttam : NF making similar low in A & B
09:50 Uttam : so far
09:50 Manjunath : 🙂
09:51 Prasanth : what does that imply uttam ?
09:51 Uttam : could go there again
09:51 Boppanna : Raj just follwing the hypo posted with a slight customization d) Below 11061, NF can fall to 11047-33 and 11018
09:51 Prasanth : oh thanks 🙂
09:54 Prasanth : here we go
09:55 Vijai : shai please advise axis bank levels view
09:55 Uttam : (09:27) Uttam : 745-710 imp sup else yPOC coming
09:55 Uttam : BNF low 27710
09:55 Uttam : so far
09:55 Jitender : +1
09:56 Hari : put writers in disbelief 🙂
09:56 Shubro : lolol
09:56 Hari : was alerting that many times yday – retail writing puts
09:56 Hari : and calls getting written
09:56 Himanshu : yes, am one of them
09:56 Himanshu : today calls 27700,800,900
09:57 Prasanth : nifty daily charts have formed islannd reversal ?
09:57 Himanshu : HDFC Bk goes on repair mode after run up on expiry day
09:57 Uttam : @Prashant that we will get to know only at end o day based on how Value forms today
09:57 Uttam : but yes chances are there
09:57 Prasanth : yeah right
09:58 Hari : @himanshu that was my yday observation
09:58 Hari : not today
09:58 Uttam : some greens in both here
09:58 Uttam : could be covering
09:58 Himanshu : No thast fine – know that lost of seminars going on and retail is fully induced to option writing
09:59 Himanshu : and many does not know risk on faster move day.
09:59 Prasanth : its been sold as easy money
09:59 Vijai : RK shall I cover axis shorts?your view pls short at 739
09:59 Uttam : now BNF same low in A & B so far 🙂
09:59 Jitender : Uttam…small longs scalp at 27716…
09:59 Jitender : 10pt SL
10:00 RK : Vijay I dont track stocks..check with Shai in tab 2 which is for stocks
10:00 Uttam : +1 Jit but BNF gains in strength only above 27760 now
10:00 Jitender : abv 785..but its fr scalp
10:00 Uttam : yep
10:00 Jitender : 17k green tere
10:01 Jitender : n red at lows 710
10:01 Uttam : yes plus last 5min bar has 7k plus COT also
10:01 Jitender : k
10:01 Uttam : which could be that 3800 guy getitng out
10:01 RK : 750-760 if now IB swipe down
10:01 RK : *if no
10:02 Subhodeep : awesome read jit
10:02 Subhodeep : on the bnf
10:02 Jitender : part book 747 (09:59) Jitender : Uttam…small longs scalp at 27716…
10:02 Subhodeep : awesome
10:02 Uttam : super Jit 🙂
10:02 Jitender : all OF Shubro
10:02 Jitender : tx Uttam…all yr lvls
10:02 Uttam : _/\_
10:02 Himanshu : exited calls – at 726
10:04 Uttam : greens in NF 30k +10k
10:04 Uttam : at 11040
10:04 Uttam : lets see if supply can overcome them
10:04 TP : (09:41) TP : Shai bot alerts not coming in today .
10:04 Jitender : abv ibh..reds will be forced to cvr
10:05 Raj : oh ok..(09:51) Boppanna : Raj just follwing the hypo posted with a slight customization d) Below 11061, NF can fall to 11047-33 and 11018
10:05 Boppanna : Zerodha “Happy Women’s Day, ladies! As a token of our appreciation, we’ll be waiving off all brokerage charges for women today.”
10:06 Shubro : tkenism
10:06 Shubro : tokenism
10:07 Jitender : all out at 57
10:09 Uttam : shorts being pushed out in BNF
10:09 Uttam : greens at vwap
10:09 Boppanna : Out at 11040 at the 11040 at the 2 green boxes(09:51) Boppanna : Raj just follwing the hypo posted with a slight customization d) Below 11061, NF can fall to 11047-33 and 11018
10:09 Subhodeep : interesting fry day on the cards it seems
10:09 Uttam : poc shifting to top here in BNf on 5mins
10:13 Raj : @Boppanna.. Simple and Swift trade
10:14 Jitender : +1 BoP
10:14 MJ : Nice trades Bop and Jit.
10:15 Shubro : very sweet trades Jit
10:15 Boppanna : @Raj the Uttam’s hypo posted made it simple
10:15 Shubro : the hypos Uttam are just brilliant
10:15 Subhodeep : @rk oair opem str wise ?
10:15 MJ : Sometimes he posts at 4 am.
10:15 MJ : Just speaks how much he works on them before posting 🙂
10:15 Shubro : yes have noticed Uttam your hard work much apprecaited
10:15 Subhodeep : yesterday mj he posted at 4
10:15 Shubro : *appreciated
10:15 Subhodeep : mrng mj
10:16 Subhodeep : mrng shubro
10:16 MJ : Good morning Subhodeep 🙂
10:16 Shubro : morning dada
10:16 Shubro : yo MJ
10:17 Uttam : thanks so much guys 🙂 _/\_ this room has always been about sharing & learning together
10:18 MJ : Hey you Shubhro.
10:18 Dr Vasim null : oen high test drive type profile nf
10:18 Dr Vasim null : ?
10:20 Uttam : 21k green in NF
10:21 Uttam : (10:04) Uttam : greens in NF 30k +10k(10:04) Uttam : at 11040 NF has a nice block of 65k at 11040 on 30mins
10:21 MJ : Yes reclaim of vwap in c period plan?
10:21 Uttam : and now 37k here
10:23 Uttam : this could also just be a retracement from the fall from 11129 to 11039
10:28 AN : Anyone positonal short?
10:29 Gaurav : me, april futures
10:30 Uttam : both seem to be rejecting from morning singles
10:30 Ajay : me yesterdy at 11075 spot ..
10:30 Uttam : could have a good move lower
10:30 Ajay : below 11009 spot hoping for 10940/10880 before next thursday
10:31 AN : thx, i also took short positions yesterday, just checking if i have company 🙂
10:31 Ajay : 🙂
10:32 Ajay : but if by 11.15 if day low not broken will hedge this position
10:32 AN : ok
10:34 Jitender : AG long
10:35 Rajiv : :)Jitender : AG long
10:35 Prasanth : good sign
10:35 MJ : Jit how you filter the actual longs of AG?
10:35 MJ : Like yest.
10:36 Jitender : ignore
10:36 Jitender : him tats the best filter
10:37 MJ : Acha.
10:40 Uttam : yes Mihir you have such wonderful insights & ideas to trade why look at these other distractions
10:40 Jitender : sahi padke hain
10:40 MJ : True true.
10:40 Jitender : MJ hasnt been able 2 reach Sameer (coz hes not tere) else he has tapped everyone here
10:40 Uttam : trust your charts…baki sab bakwaas
10:41 MJ : Sameer gave me JD book Jit 🙂
10:41 Uttam : lol Jit and chances are good that he can get him back out of hibernation
10:41 MJ : Early days of VT.
10:41 Jitender : layo…usko bhi nahi choda
10:41 Uttam : lol
10:41 Azmath : LoL
10:41 Jitender : MJ man..if anyone can write a book here on diff trader perspectives..its u
10:42 MJ : No bhai.
10:42 MJ : I love having mindset of people who are willing to share.
10:42 MJ : Never met this kind of people in my early days of trading.
10:42 Jitender : very few can no to yr enthu n politeness
10:42 MJ : I am glad that now I did.
10:43 Jitender : u my man r destined fr bigger things
10:43 MJ : /\
10:43 Uttam : +100 Jit
10:44 Uttam : and at that time please dont forget us lower beings 😉
10:44 MJ : Aye.
10:44 MJ : All in together
10:44 MJ : This is mere mortal reading what you guys have been reading for years.
10:45 Azmath : Aap Mortal nahin Bhai.. cheez kuch aur ho
10:45 Azmath : 😉
10:45 MJ : Aaj meri baari hai.
10:45 MJ : Shai where are you? 😛
10:45 MJ : Coming to markets. AZ: You plan to keep b?
10:45 MJ : Or change karne wale ho?
10:46 Uttam : too narrow a range to be kept for a Friday i feel
10:46 Azmath : coffee day till I J
10:46 MJ : Uttam, Jit, RK, AZ and many more, you all have been instrumental in last 12 months. That decision to go to Pune was the best one I’ve made so far.
10:47 Uttam : so late Azmath? please do something in D na
10:47 MJ : Inv adj should happen second half.
10:47 Azmath : haha.. Uttam legends ho aap.. who can give this move
10:48 MJ : AZ: LR?
10:49 Azmath : we bouncing from that level from past 1.5 hours now MJ
10:49 Azmath : 11040
10:50 MJ : Shukraan.
10:53 Jitender : SC appoints 3 mediators in ayodhya case
10:53 AN : Question for all the legends : Do we have anything like a yearly meet of members , so we get to know each other better?
10:54 Himanshu : good idea –
10:54 Himanshu : we beginners can learn lot while in-person interaction
10:54 Dr Vasim null : yes
10:54 Arjun : anyone from bangalore here ?
10:55 Himanshu : Uttam – BNF bias is lower level in second half or balancing
10:56 Azmath : Arjun me and Uttam from Blr
10:57 Raj : me too from Blr
10:57 Arjun : oh great sir. we can meetup then if youl are up for it. I stay in HRBR layout.
10:57 Manjunath : I am from B’lore too…
10:58 Raj : i stay near by..behind Manyatha
10:59 Arjun : oh great
11:01 Uttam : @Himanshu for now looks like it needs to balance the lower part of the profile plus we have poor lows also
11:02 Himanshu : so if i understood right – the lower part covering balancing will happen at higher level right
11:03 Himanshu : or we r reffering yesterdays – balancing ?
11:03 Uttam : NF gets to vwap and again greens whcih could be shorts SL
11:03 Uttam : looks like market it taking out the weak shorts here before givign the move down
11:03 Uttam : is*
11:03 Uttam : POC again moves higher on 5mins
11:04 Prasanth : waiting for the highs to short again
11:04 Uttam : (09:19) Uttam : BNf looking like wants to fill the DD region of yesterday
11:04 MJ : Love when MB forms on nf.
11:04 Uttam : @Himanshu please check hits posted in the morning
11:07 Azmath : Yes MJ.. after 3 days its formed today
11:08 Uttam : both of you guys love MB dont you 🙂
11:08 Azmath : Uttam perfect ping pong setups.. if we see this
11:08 MJ : Yes Uttam.
11:08 Uttam : +1 and you both are experts at that
11:08 HPandey : azmath MJ.. urs SL for this ping pong .. ?
11:10 Azmath : Once ViX cools off.. this setup will work like charm
11:10 Azmath : Pandey Ji Risk is 10
11:10 Azmath : points
11:11 MJ : 1:1 RR trades.
11:11 HPandey : dhyanwad…aap dono ko…
11:11 MJ : Take MB and OF assistance to trade.
11:11 HPandey : cool MJ
11:12 MJ : Now observe OF with microscope if NF hits 11060 or 11039
11:12 HPandey : yes MJ
11:14 MJ : Jit
11:14 MJ : Covered all positions in the GBF.
11:16 Vijai null : How this microbalance chart works?
11:16 Uttam : D making an inside bar
11:16 Uttam : and E goes higher
11:16 MJ : n the Trading Room charts , there is a minor update- we have brought the Microbalance charts to the left next to the 5 min OrderFlow charts The Microbalance charts or MB as we call them are useful to detect small rotations within the day. These rotations would show up in blue in the MB charts. Previous such rotations are in yellow. 80% rules apply for all these MB’s
11:17 Uttam : IBH tag in BNF
11:17 Subhodeep : uttam please interpret the mb chart for our benefit a t this levels please
11:17 Subhodeep : nf wise
11:17 Uttam : 15k green in NF
11:18 Uttam : at MB high
11:18 Uttam : BNF now has poor highs added to its poor lows
11:23 Uttam : stops hitting here in NF
11:23 Jagdish : gm
11:23 Uttam : 22k seller in BNF
11:23 Uttam : but thats also sl
11:23 Uttam : looks like
11:23 Amit : (10:54) Arjun : anyone from bangalore here ? me too from blr.
11:24 Uttam : exit the BNF intra trade
11:24 Uttam : SL hit
11:24 RK : stopped (09:15) RK : Short BNF 27750 SL 27830 obj 27685/27650
11:24 Prasanth : guess all intra day shorts will be cleared
11:26 Jitender : (10:04) Jitender : abv ibh..reds will be forced to cvr
11:26 Subhodeep : +10JIT
11:26 Uttam : +1 Jit
11:27 MJ : Done (11:12) MJ : Now observe OF with microscope if NF hits 11060 or 11039
11:27 AN : Good one MJ, simple and beautiful.
11:28 MJ : JFYI if in MB we have vwap. Then use contextual bias based on OF.
11:28 Uttam : 40k green at top
11:29 MJ : Uttam going for DHI.
11:29 Azmath : or DD
11:29 MJ : AYEEEEEEEEE!
11:29 MJ : 80% of value doable RK?
11:29 Prasanth : woah
11:30 RK : MJ yes
11:30 TP : Narrow IB bn could do 3 ib.
11:31 MJ : Ahoy!
11:31 MJ : Tp.
11:31 Prasanth : Guess nf will turn green
11:31 MJ : 81k here.
11:31 MJ : though.
11:31 MJ : G period gap fill will be nice.
11:32 MJ : Shai is here 😀
11:32 Jitender : (15:27) MJ : First week is done.(15:27) Jitender : 2mrw M
11:32 Uttam : 81k red
11:32 TP : Tcs/Hdfcbank done now motabhai ?
11:33 MJ : vwap band sellers?
11:35 MJ : Yes Jit that was an oversight.
11:36 TP : bot wakes up.
11:36 MJ : Bot gets a soul.
11:36 Uttam : Shai came back to wake them up 😉
11:36 TP : WC back Chief !
11:37 Himanshu : BNF and NF not in sync
11:39 Shai : Hi Guys
11:39 Shai : The bot is back. He thought it was an off day 🙂
11:40 Shai : I have some un planned activities out of town since yesterday which has kept me away from the desk
11:40 TP : Early weekend try by bot 😉
11:40 Shai : miss the room and regret not being present
11:40 Shai : But back on Monday for sure
11:40 MJ : Miss you Chief.
11:41 Shai : Miss you too MJ 🙂
11:41 Boppanna : See you on Monday with a 600pt on BNF hopefull
11:41 Boppanna : 🙂
11:41 Hari : you are hugely missed, my captain
11:41 Shai : NF looks like a scale down is possible next week
11:42 Shai : 11033 from 2 days has held
11:42 Shai : below that is clean down again
11:42 MJ : FA there too.
11:42 Shai : any upmoves may meet sellers with SL above 11185 F swing
11:43 Shai : yes 2 neutral days are sellers respsonding’
11:43 Shai : but buyers still stronger
11:45 Hari : Shai, last 2 days day COT in NF is -ve, so it can be profit booking?
11:45 Boppanna : Uttam leaving at FA at the top?
11:45 Shai : Yes Hari
11:45 Shai : demand is visibly not adding here right
11:45 Hari : under which level will you go for posnl shorts in BNF, 27400?
11:47 MJ : Gets 20 (11:31) MJ : 81k here.(11:33) MJ : vwap band sellers? Now upto OF.
11:47 Shai : I thik upmove gets acpped off in BNF here 27900- 27950
11:48 Boppanna : MB high half out if anyone sold there 11:31 MJ : 81k here.
11:48 Shai : looking to get confirmation from initiative sellers to begin the journey down
11:48 AN : Mj: if the price reenters MB from top, we can short again?
11:48 Shai : but index wise BNF still stronger of the 2
11:48 Hari : yes, BNF is quite strong here, one of the reason is IT is getting sold
11:48 MJ : AN: Watch OF. If mb accepts 80% applies.
11:49 AN : ok
11:49 MJ : Check for upside down buyers/sellers at edges of mb.
11:49 Hari : Seems like the auction in IT which started at INR 68 is done
11:50 AN : ok MJ, watching
11:51 RK : Keep BNF long at 27828 SL 27758 obj 27918
11:51 MJ : 15975 in 5 min has stalled it for now. Check.
11:51 AN : yes
11:52 Shubro : Rk this is like another DD in BNF?
11:53 RK : yes
11:53 Shubro : 2 DD’s following meaning bullish ?
11:53 AN : another 10k
11:53 RK : no mostly a end of auction on upside
11:53 RK : on ST
11:54 Shubro : ahh nice ok
11:54 Hari : for BNF RK?
11:55 RK : yes Hari
11:56 MJ : AN holding mb.
11:56 MJ : See how nice it is.
11:56 Boppanna : Shai SPX holding below 2760 the move down resumes?
11:56 AN : correct
11:56 MJ : Design your trade accordingly.
11:57 AN : looks like wants to bounce from here, waiting for it to act first 🙂
11:57 MJ : I covered at 81k spotting and went SAR. Now, when it met Mb on the downside, I covered one half of it.
11:58 MJ : Unsure of further course. I will wait and watch. But that acceptence of mb gives nice glide.
11:58 AN : ok got it, me also waiting
12:00 Shai : Yes- (11:56) Boppanna : Shai SPX holding below 2760 the move down resumes?
12:00 Boppanna : Thx
12:01 HPandey : mihir u get long on break of MB ? (11:57) MJ : I covered at 81k spotting and went SAR. Now, when it met Mb on the downside, I covered one half of it.
12:01 Shai : that is a longer term swing view
12:02 MJ : Pandey ji: I will not trade all the MB move.
12:02 MJ : I will stop when my obj is achieved, But just observe the edges of mb as I mentioned.
12:02 HPandey : okkk got it mihir
12:03 Rahul Desai : Hi Shai will it be wise to by April Futures for USDINR?
12:03 Gaurav : @Shai, do you still expect re-test of 10K lows in April, the chart you posted back in early Feb
12:03 MJ : Rejection of vwap break and I am all out HPandey.
12:04 Vijai null : what is MB?microbalance?
12:04 AN : Still holding Mb top, SL taken for longs
12:05 MJ : For more insights on mb ask the champ Azmath.
12:05 MJ : He is amazing at it.
12:05 Shubro : Azmath pray enighten chief novices in the room might end up burning
12:05 Shubro : *enlighten
12:05 Vijai null : MJ please inform what is MB?
12:06 HPandey : i thought u were short wit that 80k seller..(12:03) MJ : Rejection of vwap break and I am all out HPandey.
12:06 AN : sure, Azmath please give some insights
12:06 Shubro : for example what the strategy here in NF now?
12:06 MJ : Hpandey. I was. I covered half earlier as i mentioned. And booked full on vwap.
12:06 Shubro : *what’s
12:06 MJ : mb is microbalance Vijai.
12:06 MJ : scroll up for more reading on it.
12:06 HPandey : cool me too …
12:07 Azmath : Guys MB works best when Vix is low
12:08 Azmath : and we have back to back MB boxes
12:08 Jitender : 820 imp in bnf..if it sustains below it..ten tis upmove was to get yday FII longs out…n ST top wud b in place
12:08 Azmath : currently after 3 days this is the first one formed
12:08 Azmath : thats what i mentioned earlier
12:08 Azmath : happy to see a MB box
12:08 Azmath : watch how price reacts at the edges of MB
12:08 Azmath : quick scalps setup it is
12:09 AN : Thanks Azmath
12:09 HPandey : and would be better with OAIR azmath ?(12:07) Azmath : Guys MB works best when Vix is low
12:09 Azmath : many things to watch for trading MB setup
12:09 Azmath : Simple Basic thing is remember what Shai has Taught us
12:09 Azmath : open type
12:10 Azmath : day type
12:10 Azmath : IB range
12:10 Azmath : then use this context to trade
12:10 Azmath : OAIR is perfect Pandey Ji
12:10 HPandey : yeah
12:11 Vijai null : ok.thank
12:11 Azmath : Wait for Vix to come down to 12 13 levels
12:12 Azmath : then you guys will get an hands on experience of how this works like a charm
12:12 AN : Thanks Azmath, golden words, will remember
12:12 MJ : Thanks Azmath
12:12 MJ : For your views.
12:13 Azmath : _/\_
12:14 RK : Didnt get a fill..cancel this now (11:51) RK : Keep BNF long at 27828 SL 27758 obj 27918
12:17 Boppanna : No problem RK It hurts only when it reaches obj without getting on board 12:14 RK : Didnt get a fill..cancel this now (11:51) RK : Keep BNF long at 27828 SL 27758 obj 27918
12:18 AN : Azmath, one more question : Is there a validity of MB time wise?
12:18 Azmath : nope
12:18 Azmath : we keep sliding between them
12:18 Azmath : thats the good part
12:18 Azmath : 80% works
12:19 Azmath : 80% rule also works
12:19 AN : ok thx
12:19 Shubro : Azmath many thanks for the views. so 80% in terms of consecuiive TPO’s or numbers of 5 min bars?
12:20 Azmath : if we enter into a MB it will touch the other end of MB
12:20 Psandeep : Good Afternoon
12:24 Subhodeep : @mj sun and eysterday s talk ring a bell ??
12:25 MJ : Not tracked yet subhodeep
12:25 Subhodeep : do you remember the nos we had in mind yday ?
12:25 MJ : Yes
12:25 Subhodeep : have a peek
12:25 Subhodeep : 🙂
12:25 MJ : Checking.
12:25 Psandeep : Uttam, chats not updated for yesterday ? Left early yesterday just want to see if any vital piece of infotmation or discussion missed
12:26 Psandeep : *information
12:30 Subhodeep : dekha?(12:25) MJ : Checking.
12:31 Subhodeep : fryday sun day
12:31 Subhodeep : 🙂
12:32 MJ : Wah dada.
12:33 MJ : Amazing.
12:34 Subhodeep : ty
12:36 Boppanna : RK sellers doinng a better job today correct?
12:36 Boppanna : in NF
12:36 Jitender : (12:08) Jitender : 820 imp in bnf..if it sustains below it..ten tis upmove was to get yday FII longs out…n ST top wud b in place
12:36 RK : Bop yes
12:36 Shubro : +! Jit
12:36 Shubro : +100
12:36 Uttam : NF wants to leave an FA at top?
12:37 Uttam : this upmove was to take out all weak shorts from the system I still feel
12:37 Uttam : (12:25) Psandeep : Uttam, chats not updated for yesterday ? Left early yesterday just want to see if any vital piece of infotmation or discussion missed…which charts Sandeep?
12:38 RK : BNF long at 27800 SL 27740 obj 27880/27920
12:39 Psandeep : yesterday ROOM CHAT…shwoing to be updated…
12:39 Psandeep : *showing
12:39 Psandeep : https://vtrender.in/order-flow-charts-dated-7th-mar/
12:39 Uttam : oh ok Chat I saw it as Chart as I am used to charts 😉
12:40 Psandeep : 😀
12:40 Uttam : yes that needs to be updated as Shai did not get that transcript from Omnavia
12:40 Psandeep : ok
12:41 Uttam : weak shorts out and early longs SL could be taken out in NF now?
12:43 Uttam : 16k red at lows in this 5min bar in NF
12:44 Shubro : Asmath this is within MB so a theroretical short would make sense according to narrative above?
12:44 Azmath : yes
12:44 Boppanna : One more point for people trading MB IMO always better to part book at midpoint of MB
12:44 Azmath : watch
12:44 Shubro : ok
12:44 Shubro : that was my next Q Bops many thanks
12:45 MJ : +1 bopp. Sometimes there is a line that forms too.
12:45 Uttam : (09:34) Uttam : that 10900PE positonal hit the SL yesterday but is well above that 72 level today(09:34) Uttam : above 90 can get good for move to 108 / 123 / 141 that 10900pe made highs of 85.45 in the morning and low of 71.9
12:45 Boppanna : Yep there was one before
12:45 Azmath : sahi bole MJ
12:45 Uttam : if gets above day highs can give a trending moce
12:45 Uttam : move
12:45 Prasanth : nice
12:45 Prasanth : watchinf it uttam
12:45 Uttam : probable FA at our SL of 72 today
12:46 Uttam : BNF looking to repair poor lows
12:46 Azmath : done out of all
12:46 MJ : 81k out
12:46 Azmath : 😉
12:46 MJ : kudos Azmath 🙂
12:46 Subhodeep : did we ape yesterdays low nf?
12:46 Azmath : MB BaBa ki jai
12:46 MJ : Now I am long with 63k
12:46 Boppanna : +1
12:46 Uttam : FA confirmed in NF at 11084, yesterdays wide POC
12:46 AN : cuts like hot knife thru the butter brick of MB
12:47 MJ : Was waiting for you to change hands.
12:47 Shubro : Azmath those 0’s at lows your confirmatin?
12:47 Uttam : 63k green though there
12:47 RK : Long NF 11045 SL 11025 obj 11065/11075
12:47 Azmath : Shubro.. simple MB borders
12:47 MJ : Uttam looks like this guy is done (12:46) MJ : 81k out(12:47) Uttam : 63k green though there
12:48 Uttam : NF forming ledge here at 11045 RK?
12:48 Prasanth : bought it at that level
12:48 MJ : reds galore in bnf at wrong side.
12:48 Shubro : ok thanks Azmath well done with this pratical example best way to learn
12:48 RK : yes Uttam
12:48 Uttam : these could be the frsh longs Mihir on that break out today
12:49 MJ : @shubro we could design 3 trades around that mb.
12:49 Azmath : This is the Lr for the day as well
12:49 Shubro : the 11038 level?
12:49 Azmath : 10:49 Azmath : 11040
12:49 MJ : Possible uttam.
12:49 Shubro : ok got it 11040
12:49 Uttam : and same in BNF also RK at 27740?
12:49 MJ : Price respond in same direction.
12:49 Uttam : BNF taking sup at yVAH
12:49 MJ : Mb calling mb.
12:50 MJ : Just like Karthik calling karthik.
12:50 Prasanth : haha
12:50 AN : great learning Thanks MJ, Azmath
12:50 MJ : Anytime AN.
12:50 Shubro : yes truly appreciate it thanks guys.
12:50 Shubro : beers on me when we meet
12:50 Azmath : welcome guys
12:50 Azmath : but first you guys watch for few days
12:51 AN : sure
12:51 Shubro : yep thats the plan Azmath
12:51 Shubro : i am just trading with very small qty trying to soak scalps in the arsenal
12:51 Prasanth : good day for scalpers
12:52 Shubro : yes indeed
12:52 Jitender : bnf Sl hit ?
12:52 Azmath : Coffee day.. wait for I J for action
12:52 Prasanth : big move in that time period ?
12:52 Himanshu : Jit – Post 1.30 27400PE -27900CE Safe to short ?
12:52 MJ : Yes boys. Watch the mb in action. It is poetry.
12:52 MJ : Like haikus. quick and short.
12:52 Jitender : no Himanshu
12:53 Jitender : mon 2nd half onwards better
12:53 Jitender : rest up 2 u
12:53 Himanshu : Ok
12:53 Himanshu : have been scalping them since morning
12:53 Prasanth : me too
12:54 Himanshu : but if big move in I then one side has to be taken I guess till 2.45
12:54 Shubro : champs man u guys ….i gotta a lot to learn
12:54 Shubro : precison shavers is what i think of when i hear of scalping
12:55 Himanshu : Ha-ha
12:55 Prasanth : Lol
12:55 Subhodeep : saved by a whisker12:52 Jitender : bnf Sl hit ?
12:55 Jitender : k
12:55 Subhodeep : good one shubro
12:55 Shubro : hehe
12:56 Jitender : yday hi bnf 879 n today 891
12:56 MJ : Azmath. Kindly keep posting value insights like today. Always helps.
12:57 Subhodeep : correct me if i am wrong but todays low nf and yesterdays low nf are i guess atthesame point
12:57 Uttam : today and day befores
12:57 Uttam : 11033 FA point
12:57 Uttam : yesterday it was 11064
12:59 Subhodeep : nikkei down 2 percent at close of day
13:00 Uttam : 10988 can come in NF today if 11033 goes
13:00 Boppanna : Jit 11:47 Shai : I thik upmove gets acpped off in BNF here 27900- 2795012:56 Jitender : yday hi bnf 879 n today 891
13:00 Jitender : ys BoP
13:00 MJ : Yes uttam. This long is not very comfy feeling.
13:00 Jitender : esp now tat 820 is brkn
13:00 Jitender : tat fr me is the pivot
13:01 Boppanna : +1
13:01 MJ : bnf above vwap will make both safer.
13:01 Jitender : below DL its 620
13:01 Uttam : plus NF did not even get above yPOC even as BNF made new highs
13:01 MJ : else yes jit ka abhiyan will continue 🙂
13:01 Jitender : wats tat M
13:01 MJ : 620 below dlo.
13:01 Prasanth : waterfall after 2.30 then
13:02 Jitender : no abhiyan
13:02 Himanshu : EU fut at discount to yesterdays close by .5 %
13:02 Jitender : i trade wat i c..no pampering or abhiyann or faltoo gyan 🙂
13:02 MJ : We gotta go above that dpoc++ in nf and vwap ++ in bnf.
13:03 MJ : That rhymed eh! 🙂
13:03 Jitender : gd u understood..eh
13:03 AN : yes, and your words work always 🙂
13:03 Uttam : BNF going for another SC?
13:04 Azmath : 38 to 53.. power of MB
13:04 Azmath : simple small scalps
13:04 MJ : Az: Get me homerun.
13:04 Azmath : wait Maadi
13:04 Azmath : on its way
13:04 MJ : Swalpa swalpa?
13:05 Manjunath : 🙂
13:05 Himanshu : azmath – now BNF to enter box
13:05 Himanshu : r u playing that
13:05 Uttam : 13k green ast top in NF
13:05 Azmath : no NF
13:05 Uttam : 5min bar
13:05 Uttam : vwap also tjere
13:05 Himanshu : okThx AZ
13:06 Shubro : this MB is sweet and cute
13:06 MJ : Uttam all efforts to be a nice bell?
13:06 Jitender : yday post spx open sumone kept selln sgx at 11080 n look at today’s hi in nf
13:06 AN : yes Azmath worked beautifully again
13:06 Uttam : looks like Mihir & RK’s both longs calls also support that
13:06 AN : yes uttam
13:07 MJ : Guys one big learning as mb or any scalp trade setup. Work on probablities. 6/10 7/10 is good reward. Don’t hold on to any trade too long.
13:08 Azmath : These are fast scalps guys.. depends on tempo
13:08 MJ : Yes.
13:08 Azmath : as i said.. fixed 10 point SL
13:08 Azmath : for the trades
13:09 MJ : And only trade if this is your timeframe. As Jit mentions finding right TF is very important.
13:09 AN : yes, realizing it and liking it, but needs more hands on practice
13:09 Hari : Jit, any reason why Vix is tanking in this fall
13:09 Miyajan : upper band of the lower mb corresponds with yval,looks like bnf will test it
13:10 Boppanna : yPOC Jit 13:06 Jitender : yday post spx open sumone kept selln sgx at 11080 n look at today’s hi in nf
13:10 Jitender : puts being unwound
13:10 Jitender : Hari
13:10 Jitender : ys BoP
13:10 Jitender : gave me 35bps scalp tere
13:11 Hari : so plr is up Jit
13:12 Jitender : ys Hari….at extreme now
13:12 Jitender : needs cooln
13:12 Jitender : but timing it is tough
13:12 Jitender : spx -13
13:12 Jitender : so good setup for stbr
13:12 Hari : yeah, my puts are at loss inspite of NF going down
13:12 Shubro : lol Jut stbr?
13:12 Jitender : k
13:12 Shubro : Jit*
13:13 Jitender : didnt get u Shubro
13:13 Shubro : STBR?
13:13 Jitender : sell the rise
13:13 Shubro : ahahha ok nice..sell the B%% rise ok gotcha
13:13 MJ : STFR he means.
13:13 Jitender : B is yr choice of Eng or Punjabi
13:14 Shubro : depends on mood
13:14 Shubro : bad bad mood – desi
13:14 Shubro : or if my wife is driving
13:17 Himanshu : I like STFR – Selling the F** rise
13:17 Prasanth : lol
13:17 Shubro : different strokes for different blokes i suppose
13:17 Himanshu : whats is that for – buy the dip
13:18 Himanshu : BTFD
13:18 MJ : Trios here in nf.
13:18 Himanshu : had seen BTFD on this chatrom – and I was new so thought this is super technical Market Profile term
13:18 Himanshu : Was looking for it in Forum
13:18 Prasanth : hahhaha
13:18 Shubro : rotfl Himanshu
13:19 Himanshu : true ..
13:19 MJ : J period in 5 min.
13:19 Himanshu : heard BTST and STBT etc
13:19 AN : Himanshu you were not alone, i also searched.
13:19 Himanshu : ahaha
13:19 Subhodeep : sel the blodddy rise
13:19 Himanshu : HAHHA
13:19 Shubro : I started with AG long AG long
13:20 Shubro : was like wtf
13:20 Jitender : tats AGL or AGC…AG lucky if he gets it rite or AG C….
13:20 Shubro : then dad was watching telly and then this shiny turd was talking and then it hit me
13:20 Himanshu : but BTFD and STBR is proprietry terms of this chart room
13:21 Himanshu : can be registered*
13:21 MJ : Himanshu. Used quite often on the floor in US.
13:21 Jitender : held n gv 45bps (13:00) Jitender : esp now tat 820 is brkn
13:22 Shubro : was very funny Jit the AG when i got it
13:22 Himanshu : OHHH MJ – hmm
13:22 Jitender : 🙂 (13:21) Jitender : held n gv 45bps (13:00) Jitender : esp now tat 820 is brkn
13:22 Jitender : srry
13:23 Jitender : 🙂 (13:22) Shubro : was very funny Jit the AG when i got it
13:23 Subhodeep : jit nf wise should i look to add shorts posn* if 110330 breaks ?
13:24 Subhodeep : cant make head or tail of the flow today
13:25 Jitender : ten leave it
13:25 Jitender : its volatile
13:25 Subhodeep : left it
13:25 Subhodeep : just watching
13:25 Subhodeep : and complaining to myself with type out exceptions
13:25 Subhodeep : 🙂
13:25 Jitender : y wate time n money wen mkt gvs good oppr everyday
13:25 Jitender : not tradn is a llso a good pos
13:25 Subhodeep : words of wisdon
13:25 Subhodeep : wisdom
13:25 Shubro : perfect
13:26 Subhodeep : wan tto short if 11030 is taken that for sure
13:26 Shubro : lifetime left to trade
13:26 Jitender : +1
13:26 Subhodeep : shubro i dont want my fingers to shiver more
13:26 Shubro : guys its TGIF
13:26 Shubro : relax and enjoy
13:27 Shubro : go buy flowers for the women in your lives
13:27 Subhodeep : shubro we got to meet up esp after the last one
13:27 Subhodeep : 🙂
13:27 Shubro : Yay to that
13:27 Shubro : of course lets do tomorrow
13:28 Shubro : my evening if free
13:28 Shubro : *is
13:28 Subhodeep : shall connect and elt you know
13:28 Shubro : coool
13:28 Uttam : 11055 has all TPOs in NF
13:29 Uttam : above that NF can fill upper part of profile
13:30 Shubro : neutral day eh looks like?
13:35 Uttam : greesn in NF as getting out of that Mb?
13:37 Uttam : NF making a nice 3 day bell
13:39 MJ : Yes uttam.
13:45 Jitender : rinse n repeat (13:21) Jitender : held n gv 45bps (13:00) Jitender : esp now tat 820 is brkn
13:46 Jitender : DT done…had done early but lost half of it…now complete
13:46 Jitender : time fr a cuppa (13:25) Jitender : not tradn is a llso a good pos
13:46 Uttam : congrats Jit 🙂
13:46 Shubro : congo jit
13:46 Jitender : tx guys
13:47 Shubro : kudos to such skill
13:47 Jitender : tat long at 840 wich stopped out at 800 was the mistake
13:47 Himanshu : Jit – 27800CE – Good for scalp at 2
13:47 Jitender : abv 820
13:48 Jitender : we r still in yday range
13:49 MJ : Uttam take 11064 out.
13:59 AN : MJ, Azmath : MB inside MB, what special to look for in NF?
13:59 AN : 3 pts variation
14:00 Shubro : MB has shifted silighty higher?
14:00 MJ : In the Trading Room charts , there is a minor update- we have brought the Microbalance charts to the left next to the 5 min OrderFlow charts The Microbalance charts or MB as we call them are useful to detect small rotations within the day. These rotations would show up in blue in the MB charts. Previous such rotations are in yellow. 80% rules apply for all these MB’s
14:00 MJ : Shai’s message on this star it for further ref
14:00 MJ : https://vtrender.slack.com/archives/C0F31QRN3/p1551757080001100
14:01 AN : got it sir
14:03 RK : move SL to 11035 (12:47) RK : Long NF 11045 SL 11025 obj 11065/11075
14:04 Himanshu : RK – BNF any long sugg
14:04 RK : 740 invalidation to get 830/880 again
14:04 RK : below 740 water fall
14:06 Himanshu : K thx RK
14:06 Himanshu : 750 is dPOC – is that the logic
14:07 RK : morning balance before extn upside..
14:07 Himanshu : ok – got it from MB chart +1
14:09 AN : Mj day high coming?
14:10 MJ : Above 11067
14:10 RK : Part booked 11065 move SL to 11045 for the balance (14:03) RK : move SL to 11035 (12:47) RK : Long NF 11045 SL 11025 obj 11065/11075
14:12 Boppanna : + RK
14:13 AN : ok thx (14:10) MJ : Above 11067
14:15 RK : Move SL to 27760 (12:38) RK : BNF long at 27800 SL 27740 obj 27880/27920
14:15 Hari : range contained RK?
14:16 Hari : I mean for Intra?
14:16 RK : Hari one move pending
14:16 RK : esp in BNF
14:16 RK : som 80-120 point move from here
14:17 RK : some
14:17 Jitender : 3rd time 🙂 (13:45) Jitender : rinse n repeat (13:21) Jitender : held n gv 45bps (13:00) Jitender : esp now tat 820 is brkn
14:18 AN : Uttam whats is the move timimg today
14:18 Uttam : didnt get you AN?
14:19 Uttam : 11055 still has all TPOs in NF
14:19 MJ : K came down for 11055.
14:19 RK : wide poc
14:19 AN : you generally can predict teh timing of teh move :), thats what i’m asking
14:19 AN : the
14:20 Subhodeep : UTTAM BULL YA BEAR?
14:20 Subhodeep : apologies for the caps
14:20 Hari : RK , NF cannot be a island as the trend is up and the auction process still not complete for high?
14:20 AN : i remember last friday, you predicted 2:55 and it happened
14:20 Shubro : RK wide POC analogy?
14:20 RK : Hari lower value..if close at lower quad then yes island
14:21 RK : but BNF not in sync..its inside day
14:21 Uttam : NF has FA at both ends plus a wide POC
14:21 Subhodeep : the big boys of the index need to wake up
14:21 Uttam : so looks like close at wide POC but can get a trending week again next week
14:22 Uttam : if not can expect a lsst hour sell off today
14:22 Ajay : kar do sell please.. 🙂
14:23 MJ : RK: When in a certain trade where both obj or invalidation doesn’t hit. Do you exit midway?
14:23 MJ : or wait for one of it to get done?
14:25 RK : if the context behind taking trade is still intact means I would wait
14:25 RK : certain context yes time oriented..should not take more time
14:26 MJ : Okay. Thank you.
14:27 RK : 80% of the trades I would allow to play till invalidation not taken out
14:28 Subhodeep : stuck in butter now mb wise
14:28 Rajiv : RK time wise are we not set up for a sell off? In term of the number of days we have taken to get to the 7/2 highs?
14:28 RK : I dont have any idea about such time cycles
14:30 RK : Book full 27865 (12:38) RK : BNF long at 27800 SL 27740 obj 27880/27920
14:31 MJ : Amazing RK.
14:31 MJ : Thank you.
14:31 TP : +100 for this one RK.
14:31 MJ : Brilliant trade.
14:31 Uttam : yes RK super trades 🙂 +100
14:31 RK : Book full at 11068 (14:10) RK : Part booked 11065 move SL to 11045 for the balance (14:03) RK : move SL to 11035 (12:47) RK : Long NF 11045 SL 11025 obj 11065/11075
14:32 Boppanna : +1 RK
14:32 HPandey : 15+12k wrong place?
14:33 RK : that BNF SL 27740 though charts show low as 741 seems SL swipe happened at 739..got a DM saying got stopped..not sure if any other got such hit?
14:33 Jitender : i also asked
14:33 Uttam : guess at times stops placed in system get hit
14:33 Uttam : but level does not show
14:33 Jitender : yh
14:33 Uttam : RK has said this befoe dont keep SL at round numbers
14:34 HPandey : yes… not hit rk i was 5 point lower
14:34 Uttam : if want to place it in system keep it 6-8 points laway
14:34 Jitender : +1
14:34 RK : but whatever it is my suggestion is to keep it consistent..either watch and decide or always go with system SL
14:34 TP : ideally place half in system , i always do for my options.
14:35 Uttam : big greens in both, again stops getting hit?
14:35 RK : I go with system stops always but as a rule below round number
14:35 Uttam : +1 RK
14:35 HPandey : +1 rk
14:36 Jitender : Rk..why not have it in yr call only…say SL at 837.9 types…will help all
14:37 Jitender : n everybody will get conditioned to the thought
14:37 Subhodeep : K,L ext possbile uttam in nf?
14:37 RK : Jit when we trade as a large group better everyone keep SL at their own style to avoid swipes..and easy to talk in round nos esp when posting in live mkt..
14:38 Uttam : NF again confrims FA at 11033
14:38 RK : I mean large group at one number means highly vulunerable..so better to keep buffer as per one’s style and size
14:38 Jitender : tats k
14:38 Jitender : but if u put a non round SL…newbies will benefit
14:38 Jitender : just a suggestion
14:39 RK : Uttam if possible add one note in welcome kit
14:39 RK : for stop as well as for target to avoid round number
14:39 Jitender : Dh brkn
14:39 Subhodeep : extensions coming
14:41 Boppanna : b) Sustaining above 27835 at open, the auction can move higher to 27880 and 27919-930
14:41 Jitender : +1
14:41 Subhodeep : bo above 11085 would at elasst give another 20 pooints on the upside rk on nf?
14:41 TP : getting there …..(11:30) TP : Narrow IB bn could do 3 ib.
14:42 RK : Avoid Subho
14:42 Subhodeep : noted
14:42 TP : had no conviction to be long , only held on to RK’s trade .
14:42 Boppanna : TP waving the flag like a bull fighter since morn
14:42 MJ : Tp same here for bnf.
14:43 MJ : eyes opened when he said one more move pending in bnf
14:43 RK : Tej that new low in NF BNF held morning micro balance..so was expecting Neutral day to play
14:43 TP : +1
14:43 RK : but this profile in both suggests are at end of last bull leg
14:43 RK : *we are at
14:43 TP : how about doing 80% and NE in nf.
14:44 RK : waiting
14:44 Uttam : RK rem NF booked?
14:44 RK : yes Uttam
14:44 Uttam : okies
14:44 Boppanna : should get nice retracement RK next week?
14:44 Boppanna : BNF
14:44 RK : yes
14:44 RK : am expecting intra itself
14:44 RK : from here
14:45 RK : 920-960 band is short
14:45 Uttam : about that welcome mail thing will mail to Shai RK regarding it
14:45 RK : invalidation 980
14:45 MJ : 1440 channel mix of new shorts and sl.
14:45 MJ : candle* in bnf.
14:46 Boppanna : just needs to stay below 870 for a while
14:46 RK : just reread..I understand you are asking for upside..less likely (14:43) TP : how about doing 80% and NE in nf.
14:46 RK : NE downside is my bias
14:46 RK : or NC
14:46 RK : not NE upside
14:46 TP : ok
14:47 Himanshu : RK +100000 – Booked all 27500PE – 27400PE at 27918
14:47 Uttam : 11055 close more likely RK?
14:47 Uttam : NeuC
14:47 RK : yes Uttam >60% chance
14:47 Uttam : second day running
14:47 RK : dont remain short in BNF above 27920 now
14:48 RK : can do 27960-980
14:48 Uttam : last week also we had 2 Neutral Days then a normal day on Friday before that trend day this week at open
14:48 RK : back below PD range..so better hold this high else one more squeeze
14:48 Subhodeep : shubro if fposs do check slack onc e
14:51 Azmath : Bulky on top.. visit downside to 980 levels is imp
14:51 Azmath : due to one day off on monday profile skewed .. hence confusion
14:51 MJ : AZ: Series profile you saying?
14:51 Azmath : 😉 hai na MJ
14:51 Uttam : L coming down to fill that wide POC?
14:52 Subhodeep : hey ppl leaving early today ; to all have a great week end and catch up on monday thanks jit and thanks all
14:52 MJ : Come on uttam. Get that POC. I get 850 odd in bnf. if stays below pdh.
14:52 MJ : Congrats again subhodeep. Bye.
14:56 Uttam : looks like BNF has other plans?
14:56 MJ : Check dhi uttam. and that 1440 candle. with the follow up in 1445 candle.
14:58 Uttam : yesterday also ‘I’ period took that initiative in BNF & today also
14:58 Uttam : are we getting some 3:05 move then?
14:58 Hari : anyone in the room who does swing/posnls a lot?
14:58 Boppanna : 14:46 Boppanna : just needs to stay below 870 for a while
14:58 Gaurav : me
14:58 Uttam : or tame close at POC?
14:58 HPandey : here me hari
14:59 Hari : Gaurav and HPandey, do you follow MP
14:59 Hari : just wanna to cross check with regard to TA
14:59 HPandey : for poistione taking no.. for confirmation and guidance yes
14:59 Uttam : 10900pe or 11200ce both in 70-75 range and one of them can do 200+ looksl ike
15:00 Uttam : monthly
15:00 Uttam : 3:05 move coming?
15:00 Gaurav : yes, track each days value area and POC movement up or down, and by how many points to gauge tiredness, and trade FAs quite a lot
15:01 Hari : ok
15:01 RK : BNF might do VWAP close
15:01 RK : 27800
15:02 Uttam : poor highs in NF & poor lows in BNF
15:02 HPandey : uttam in NF we have FA confirmed at lows?
15:03 Uttam : yes
15:03 Uttam : at same place as we had the day before
15:03 HPandey : + 11033 past FA
15:03 HPandey : yes
15:03 Jagdish : yes
15:03 Uttam : we are yet to complete the 1atr move from there
15:05 MJ : Uttam this looks like is on that trampoline at 11058 60 zone.
15:06 Uttam : L has 8 more mins to get to 11055
15:09 Jitender : good weekly closn fr both
15:09 RK : yes..NF lower value but if closes above 11065 then dVAH close..FA rej and dVAL close
15:09 RK : *dVAH
15:10 RK : but gap down or IB move below 11035 calls for 10980
15:10 RK : on Monday
15:11 Shubro : Jit STFR still?
15:12 MJ : @Gaurav for FA trade how do you plan it?
15:12 Jitender : no
15:12 Shubro : ok
15:12 Uttam : NF has made a nice 3 day bell with higher Value after the trend day & looks like is set for another round of imbalance
15:12 Jitender : below 820 Shubro
15:12 Shubro : ok
15:12 Uttam : close in NF is around the 3-day POC so on Monday can give a move away
15:12 MJ : Poor highs on closing hmmm.
15:13 Jitender : if spx behaves..mon is gap up
15:13 Uttam : higher value plus Fa getting re-confrimed means PLR still up
15:13 Uttam : +1 Jit
15:13 Jitender : n on way to 28.2
15:14 MJ : Jit should pick up something for the weekend? Just tempted after your view.
15:14 Uttam : that ledge of 11045 is where we have the 3day VAL
15:14 Jitender : MJ..wats yr grapevine say
15:14 Uttam : I am carrying the 11200ce+10900pe combo monthly, will exit one leg on monday after further confrimation
15:15 HPandey : straddle uttam?
15:15 Uttam : this is a strangle HPandey as different strike
15:15 Uttam : strikes
15:15 HPandey : ohhh my bad..yes
15:15 MJ : One mentions 28.2 with spx behaving well.
15:16 Jitender : spx has fallen 5 days in a row
15:16 Jitender : One doesnt trade fr u..its yr money
15:16 Jitender : can point out the data
15:16 Jitender : F1 F2 is yr call
15:17 Jitender : or if Shai recommends
15:17 MJ : Thanks have few hedged longs
15:17 Jitender : makes sense
15:18 Uttam : Nf going to repiar the poor highs before close?
15:18 MJ : 11 mins for it.
15:18 MJ : Doable.
15:18 Jitender : election dates cumn on weekend
15:18 Uttam : so more money going to come into markets Jit 😉 ?
15:18 Jitender : looks like it
15:19 Uttam : +1
15:19 MJ : Uttam i am with you. Strangle picked up 🙂
15:21 Jitender : u have hedged longs…so u r basically dbling yr position MJ
15:21 Himanshu : MJ- in BNF strangle
15:22 MJ : Ratio in hedged long is different.
15:22 Jitender : i know
15:22 Jitender : but all pos hopn fr a gap up
15:23 Uttam : Jit what are you feeding the SGX tonight 😉
15:23 Jitender : spx man….before tat shld b up
15:24 TP : NFP data today so should be wild Jit.
15:24 Uttam : dPOC to shift higher in NF?
15:24 MJ : Jit risk defined. Weekend position after quite some time.
15:24 MJ : Also very small pos.
15:25 Jitender : k Tej
15:25 Uttam : 4 mins and 5 points
15:27 Jitender : bye all
15:27 Uttam : cya Jit have a nice weekend
15:27 Shubro : bye all
15:28 Jitender : u 2 have a nice weekend Uttam
15:29 MJ : Bye everyone have a lovely weekend.
15:29 AN : Have a great weekeend guys, thanks for teaching MB MJ, Azmath, uttam, RK and everyone.
15:29 Uttam : no shift in dPOC
15:29 TP : Bye All.
15:29 Himanshu : bye all – Jit – Uttam – Rk Sir
15:29 Uttam : but close exactly at 2day bell dpoc
15:29 Uttam : thanks All 🙂 have a lovely weekend
15:29 Himanshu : AN- AZ – was good day – lovely week end
10:02 Vijai : shai please advise axis bank levels
10:02 TP : Shai views on BHARTIARTL ,id.
10:08 Rajiv : Shai views on ITC please
10:26 Gaurav : Shai is Indigo a short for March?
10:28 Uttam : guys Shai is out today & may not be able to give the stock views
10:29 TP : tks for the update Uttam.
10:29 Uttam : welcome Tej 🙂
10:44 Manjunath : Shai – Your views on SBI for the series please.
10:58 Subhodeep : TP /BOP do you track tata chem?
11:01 TP : No , not on my List.
11:04 Boppanna : I rarely trade stocks Subho..and ones that I do are very limited either Infy, TCS, Maruti, Axis, ICIIC and ocassional Maruti for the sheer volatility it possesses 🙂
11:05 MJ : Oh bopp welcome to tab 2 😛
11:06 Boppanna : MJ I keep an eye on this tab everyday to see u guys making all the noise of target being hit
11:10 MJ : When NF trades are in auto pilot. Sometimes I venture in stocks.
11:11 Subhodeep : bop i hardly make noise of trgts hit i just try and get confirmations from shai once my alerts come on
11:11 Subhodeep : 🙂
11:12 Arjun : second day Shai sir not present. Hope he is well
11:12 Subhodeep : thanks for the heads up tp; my septagenerian dad is also an avid stock follower, he probably saw some merit hence thought to bounce it off
11:12 Uttam : He is not in town Arjun so been missing but hes back full fledge from Monday
11:12 Arjun : sailing the seas without the captain seems strange
11:12 Subhodeep : arjun just follow the tape and everythign shall clear out
11:12 Arjun : SUper thank you 🙂
11:16 Subhodeep : uttam bot resting today is i t?:)
11:16 Subhodeep : wow nice 10 + pointer in nf
11:17 Uttam : yes Subho, Shai has taken the bot with him looks like 😉
11:17 Subhodeep : got to steal it away from him
11:17 Subhodeep : 🙂
11:48 Rajiv : Shai, any views on ITC
11:52 Subhodeep : shai if you find time please do check noted big lot buying in reliiance future a@1276
11:52 Subhodeep : id and swing view on reliance please
12:01 Shai : I don’t have access to stock charts Today @Rajiv and @subhodeep
12:01 Shai : regret
12:01 Rajiv : No problems!! Thanks anyway
12:05 Rahul Desai : Hi Shai will it be wise to buy April Futures for USDINR?
12:13 Subhodeep : no worries shai
12:13 Subhodeep : take care and hope to see you back on monday
12:56 Subhodeep : tp bop uttam any insights on reliance ?id wise?
12:58 MJ : 1263 if long subhodeep.
12:58 MJ : sl*
12:59 Subhodeep : na moved tooptions on it yestreday
13:00 Subhodeep : ok
13:00 Subhodeep : mj
13:34 Subhodeep : nj jub alert at 1341