OrderFlow charts – 30 min duration of the Nifty and the BankNifty May Futures showing the Buy side and the sell side imbalances
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09:15 Shai : (09:15) Shai : Positional BNF 26540. Book half an ride the rest with TSL of 26340.
09:38 Shai : (09:37) Shai : Book 50%25 of the 10700 ce here at 138. Ride the rest with sl of 112.
09:42 Shai : (09:42) Shai : Intra : Buy BankNifty 26592 sl of 26522 tgt 26720.
09:46 Shai : (09:46) Shai : Punt for expiry : Buy and hold 26700 ce at 26 till 3.15 pm . NO Sl tgt 86/ 145. All or nothing
10:16 Shai : (10:13) Shai : BNF 26655. Book half and ride the rest
10:19 Shai : (10:16) Shai : Book the BNF trade fully 26643
10:42 Shai : (10:42) Shai : 26700 ce hits 82 againt tgt 1 of 86. At 78 now.Book half and now ride the balance till close risk free.
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12:38 Shai : (12:37) Shai : Buy 26800 ce at 44-45 sl of 21 tgt 90.
12:45 Shai : (12:45) Shai : Book the 26800 ce at 52- 54 here
12:57 Shai : Rebuy Banknifty in 2 parts at 26760 here and down at 26710 sl of 26640 on trade tgt 26940. Hold till close.
13:44 Shai : (13:44) Shai : Update : Book the 10700 CE fully at 166 here
14:15 Shai : (14:15) Shai : Reduce the second size taken in BNF at 26755 here. Stay with original 50%25 with sl of 26687.
14:30 Shai : (14:30) Shai : Clsoe out the BNF longs
15:01 Shai : (15:00) Shai : Intra : short BankNifty below 25605 sl of 25665 tgt 26510 cmp 26630. short below
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09:01 Kathir : GM shai all
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09:06 Jatin : gm all
09:06 Praneeth : GM All
09:07 Shai : GM all
09:07 Rushabh : GM all
09:08 Shai : https://vtrender.com/evening-marketprofile-report-dated-06th-june/
09:08 Gaurav : GM
09:10 Shai : The 10746 zone to watch on the higher open
09:11 Shai : If we sustain above it toay then by tom we should complete a leg up to 10880/ 10900
09:11 Kathir : oh wow
09:11 TP : GM All.
09:12 Uttam : Good Morning All 🙂
09:12 Chetan Shenoy : GM friends 🙂
09:13 Praneeth : shai, your view on usdinr pls
09:15 Uttam : BNF does 1atr at open from FA of 26133
09:15 Shai : Positional BNF 26540. Book half an ride the rest with TSL of 26340.
09:16 Jitender : Gm Shai, Folks 🙂
09:17 Shai : BNF is a key today
09:17 Shai : Has been wild past 2 expiries
09:17 TP : vix another 5% down below 12 now.
09:17 Shai : Today’s open above the POC of 5/06 puts shorts in a soup
09:17 HK : GM All
09:18 HK : 580-740 one round booked
09:18 Shai : +1
09:18 Kathir : +1 HK . you faced storm in between
09:19 HK : haha, sl was 524 per Shai level, it never came there
09:19 TP : +1 HK .
09:19 Kathir : congrats HK
09:20 Jitender : rockn Hk
09:20 TP : Uttam keep an eye on the 14 june 265k combo ..low vix
09:20 Kathir : bnf 30 mins pink band at top and green at bottom
09:22 HK : thx guys
09:27 Kathir : pink band in both 5 mins
09:27 TP : Shai MP based BN range for 1st half.
09:31 Uttam : okies Tej, will set that uo & keep a check byt the way hows 26500combo looking at 150 levels here
09:31 TP : 14th jun 266k combo 380 …190 each .
09:31 Praneeth : shai, is this OD ?
09:32 Uttam : OAOR + drive?
09:32 TP : Uttam today do not have Suyog’s vix range waiting for Shai’s BN range.
09:32 Uttam : +1 yep missing Suyog’s data
09:34 Shai : 26680- 26340 range for BNF
09:35 Sudheer : is that responsive selling at 10756 in nifty?
09:35 TP : tks chief.
09:35 TP : uttam 150 is fairly priced that 265k combo as per range given by chief.
09:35 Uttam : yes Tej lets see how it plays out
09:36 Shai : yes Sudheer
09:36 Jitender : bnf for 540 ?
09:37 Shai : Book 50% of the 10700 ce here at 138. Ride the rest with sl of 112.
09:38 Jitender : Anyone has an idea..wat was bnf op pain at close yday ?
09:38 Shai : 25300
09:38 Jitender : tx
09:38 Shai : 26300
09:38 Jitender : +1
09:40 Kathir : Jit now bnf pain ?
09:41 Kathir : @ RK whats MO now ?
09:42 Jitender : 26500 K
09:42 Kathir : ty jit
09:42 Shai : Intra : Buy BankNifty 26592 sl of 26522 tgt 26720.
09:46 Shai : Punt for expiry : Buy and hold 26700 ce at 26 till 3.15 pm . NO Sl tgt 86/ 145. All or nothing
09:47 Shai : Position size to lose all if in trade
09:47 Kathir : after a long time shai .
09:47 Shai : staying in the singles on 4th June we should have a crrack at 26840/ 26900
09:48 Kathir : this is above 26540-50 ?
09:49 HK : and Janak said yday that Shai is conservative 🙂
09:49 HK : we are transcending
09:50 Kathir : 🙂
09:51 Kathir : one test to 26550-40 will be great Jit ?
09:51 Jitender : yh
09:52 RK : MO 14
09:52 Kathir : ty RK . so we have enough space
09:56 Ankush : gm all
10:03 Kathir : another pink 5 min bnf
10:13 Shai : BNF 26655. Book half and ride the rest
10:14 Jitender : 20+23k red in bnf
10:14 Praneeth : shai, OD confirmed in bnf?
10:14 RK : NF cheating without IB stretch
10:15 RK : and BNF doing expiry thing amid RS
10:16 Shai : Book the BNF trade fully 26643
10:19 Kathir : RK take out that pink guy in nf
10:19 RK : they dont give up just like that in 15-30mins..will stay for hrs
10:20 Kathir : ok
10:20 Shai : BNF meetng big suppy here
10:20 RK : yes
10:20 RK : last 50 points
10:21 Shai : may retest 26585
10:21 Shai : better if it does for upward moves
10:21 Shai : I want to load again the Futures at 585 🙂
10:22 Praneeth : +1 Shai,
10:22 Shai : Vol not making it for OD- (10:14) Praneeth : shai, OD confirmed in bnf?
10:23 Praneeth : thanks shai
10:23 Shai : just a big test of supply today as open of BNF is above neutral extreme and FA of tuesday
10:23 Praneeth : how much is the volumne now in bnf?
10:23 Shai : 12.9 L
10:23 Praneeth : for OD should be over 20L?
10:24 Shai : OD would have crossed 10L first 30 mins
10:24 TP : bots following the levels well ……(09:34) Shai : 26680- 26340 range for BNF
10:28 Mihir : Good morning Shai and everyone.
10:28 Mihir : Booked bnf btst. Thanks Shai.
10:29 Jitender : nf 30mins has 2 pink bands…i think tey want 550-750 range to be respected
10:31 Himanshu : pink band going off in 2nd 30 min
10:32 Shai : still these are all RS
10:33 Shai : not enough to alter trends
10:33 Shai : Look for an IS if you want to go anti trend
10:34 Kathir : bnf 30 mins pink
10:34 Himanshu : what are RS & IS shai?
10:34 Shai : POC of 1 june is here
10:34 Shai : 685
10:35 Manish : shai, where exactly on delta stack can I see volumes ?
10:35 TP : lottery 267k doubles +1 chief.
10:36 Mihir : +1 TP. Ek ka do punt.
10:36 RK : thank you Nf..done (10:14) RK : NF cheating without IB stretch
10:36 Mihir : Thanks captain.
10:37 Mihir : Can we say that the reds are being absorbed till any IS comes in?
10:39 Uttam : (09:31) Uttam : okies Tej, will set that uo & keep a check byt the way hows 26500combo looking at 150 levels here….Tej entered that combo at 142 & booked 50% at 177 rest trailing
10:39 Uttam : 207 now want to book out as 204 was my 2nd tgt
10:39 TP : super Uttam !!
10:40 Shai : 72
10:42 Shai : 26700 ce hits 82 againt tgt 1 of 86. At 78 now.Book half and now ride the balance till close risk free.
10:42 Uttam : exited rem at 216
10:43 RK : > 10785 we enter Karnataka election result day profile
10:43 RK : in Nf
10:43 Shai : 26550 sellers covered
10:44 Uttam : 10785 is also 1 atr from that weekly FA of last week
10:44 Uttam : 10556
10:44 Priyanka : @uttam what is atr?
10:44 Uttam : average true range
10:44 Priyanka : okie
10:45 Uttam : 26896 is the 2atr in BNF from yesterday’s FA of 26133
10:47 Uttam : BNF at weekly VAH here
10:49 Kathir : 10:42 Uttam : exited rem at 216 – congrtas uttam
10:50 Uttam : thanks Tej & Kathir
10:53 Shai : bad connection today…Did I miss a few Q’s here?
10:53 Shai : can’t relocate
10:53 Himanshu : shai RS=retail seller ? and IS = Instiutonal ?
10:53 Mihir : (10:37) Mihir : Can we say that the reds are being absorbed till any IS comes in?
10:54 Mungerilal : Shai No significant intraday correction which tells Sellers might be holding so can we see panik rally by EOD in BNF ?
10:54 HK : NF for 796
10:54 Mihir : HK please small pullback to reload.
10:56 Kathir : @ himanush RS responsive seller and IS initial seller
10:56 HK : i am in at 740, so pls dont take tsl, else pull back wherever u wanna
10:56 Gaurav : responsive selling and initiative sellingz10:53) Himanshu : shai RS=retail seller ? and IS = Instiutonal
10:57 Shai : yes RS and IS big keys to read the OrderFlow right
10:57 Shai : Please go through the welcome kit videos for an indepth explanantion
10:58 Shai : 26655 supp now BNF
10:58 Shai : has some trapped sellers
10:58 Gaurav : on that note kindly post recording of last webinar on slack
10:58 Shai : yes – will do
10:59 Shai : 84 has an RS in the 26700 ce
10:59 Shai : next leg is above it
11:04 Shai : test
11:04 Shai : charts back up in a min
11:04 Uttam : ok Shai +1
11:05 Mihir : Okay HK (10:56) HK : i am in at 740, so pls dont take tsl, else pull back wherever u wanna
11:06 Santosh : Himanshu its Responsive Seller RS and Initiative Seller IS. Responsive seller trys to defend one price by selling wherein IS takes price down by shorting aggresively
11:08 Santosh : When price trends down it is cause of RS
11:08 Santosh : wherein when price reverses from a point it is IS….gives tail
11:08 Santosh : Wherein IS gives extension
11:09 Santosh : same we have RB Responsive buyer and Initiative Buyer IB
11:10 HK : days like this better not to watch the screen
11:10 Shai : Thank you Santosh. That is very good. Cheers
11:10 Santosh : *RS (11:08) Santosh : Wherein IS gives extension
11:12 RK : SAntosh just add to your notes..Initiative + range extn is lethal combo for a new trend
11:12 Santosh : just learning Shai…with ur all help
11:12 Uttam : +1 Sanrtosh / RK
11:12 Mihir : RK means days like this?
11:13 Uttam : Santosh*
11:13 Sumit : no screen
11:13 Uttam : yep
11:13 Uttam : charts taking a break 😉
11:13 RK : Responsive are the guys who just use opportunity but Initiative are the guys who create charts
11:13 Santosh : RK can u elaborate more…pls on (11:12) RK : SAntosh just add to your notes..Initiative + range extn is lethal combo for a new trend
11:14 Santosh : yes initiative guys give direction
11:14 RK : same as you explained..when you see the tail then see if that tail makes range extn intra like IB extn, extn beyond prev range, next day again range extn means Initiative is strong
11:14 Shashwat : nothing on screen. tried refresh but still blank
11:14 RK : good initiative player will allow Responsive guys only short opportunities for intra and dont allow them to take control
11:15 Shashwat : got the screen now
11:16 Sumit : i got
11:16 RK : lets say yday 10640 onwards we had initiative buyers who made range extn above day high yday..today they made sure we are having tail above yday high and not allowing RS at day high to pierce below vwap..so as long as RS failing to take control we can assume initiative from yday in force
11:17 RK : even if we breaks VWAP now we need to see RS goes for short term gain or wants more..so by close it will be confimed
11:17 Santosh : OK…directional confidence by OTF
11:17 RK : so fight between Initiative and responsive can be monitored like this..
11:17 RK : ok too much space already 🙂
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11:17 Santosh : Thanks RK as always
11:17 RK : just thought of sharing after seeing your nice explanation
11:18 Uttam : RK / Shai based on the close tofday could be start of a new IPM
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11:18 Mihir : Thanks santosh and RK.
11:19 Uttam : NF has done excatly 1.5 IB
11:20 RK : MIhir its not about today..as I said may be we can consider yday post event spike as initiative process and what we are seeing today is follow through (11:12) Mihir : RK means days like this?
11:20 RK : Uttam yes..we had basic things in place..spike, gap and tail
11:20 Shai : @everyone please log off fom the old option and go to links and use the new codes
11:21 Himanshu : Santosh : Himanshu its Responsive Seller RS and Initiative Seller IS. Responsive seller trys to defend one price by selling wherein IS takes price down by shorting aggresively thanks santosh.. got it
11:21 Uttam : thanks RK, yesterday’s ext handle of 10671 is where the lakshman rekha lies now?
11:21 Priyanka : Thanks RK for such a nice explanation 🙂
11:21 Shai : The first leg of the move looks done in both NF and BNF
11:21 Shai : now for a sideways move
11:22 TP : Shai tab2 pls.
11:22 Uttam : after OAOR we still got a good move today else from open itself it gets dull till afternoon
11:22 Mihir : RK Post a strong initiative process and RE. Can we see the value ticking upside or a new range formation?
11:22 Uttam : we also have a tail from 10738-10686
11:23 RK : yes Mihir
11:24 Himanshu : thanks RK .. nice ones
11:25 Ankush : shai.. expecting a spike in the 2nd session?
11:27 Boppanna : OneTF up stopped in BNF?
11:28 Shai : yes Ankush
11:28 Ankush : on the upside?
11:28 Shai : This is going to 26945 but let’s see if we get it today
11:28 Uttam : (10:47) Uttam : BNF at weekly VAH here….BNF stalled here
11:28 Uttam : yes Shai +1
11:29 Shai : +1
11:29 Uttam : BN Spot 26942 is the 2atr from yesterday’s FA
11:31 Uttam : BNF falling short to tag 1.5IB by less than 5 points
11:35 Shai : +100- (11:13) RK : Responsive are the guys who just use opportunity but Initiative are the guys who create charts
11:35 HK : Very nice explanation RK, great trades
11:40 HK : Shai, if I want to see the 30 mins volume in NF, where can I see it
11:41 Uttam : it is in yellow in numbers HK
11:41 Uttam : top of the bar
11:41 Manish : Shai, TP, Jit, Uttam, RK, after market hours are extended will volatility decrease ? That means longer hours but more grind which is not good for intraday ?
11:41 Uttam : so far this 30min bar 2.4L
11:41 HK : Got is Uttam, thanks a ton
11:41 Uttam : 🙂 Shai has all the info here
11:42 HK : yeah need eye for finer details like you 🙂
11:44 Manish : uttam, right now the yellow number is 36825, so how many in lacs ?
11:44 Shai : NF can put a dip to 10755/ 57 sl of 10787
11:44 Uttam : yu are looking at the 5min charts Manish?
11:44 Shai : 755/ 747
11:45 Manish : thnx uttam
11:45 Uttam : 🙂
11:45 RK : thanks guys..as Shai used to say discuss more than being a spectator and that brings more value via disussions to all..we all learnt that way..make Shai to speak more 🙂
11:46 Uttam : oh yes will leave everything else to hear you guys speak on MP anywhere RK / Shai 🙂
11:46 Uttam : AMT rather 🙂
11:47 RK : books can only give an idea but live chart discussions only keep things injected and that will remain with you always..80% of my learning via discussions,doubts,opinion exchanges only..infact I did reverse..grasped things via discussions then read books 🙂
11:49 Uttam : cool RK, that is true that you learn more by watching charts live & then asking questions & it is the way I have learnt whatever a bit I know about set ups & levels and thanks to Shai & you who have always patiently answered all my queries
11:50 RK : 26660 BNF weird structure..potential ledge in making?
11:50 Praneeth : Great RK.. impressed
11:50 Uttam : BNF wants to repair that 26630 before moving higher RK ?
11:50 RK : Uttam its always pleasure when you go on rant about your fav topic..isnt it? 🙂
11:51 Praneeth : Shai/RK, if we balance today then bnf would need to fill below in the profile?
11:51 Uttam : yep +100 agree fully
11:51 RK : 650-660 holds means it could grind and move up Uttam to complete upper portion
11:51 Uttam : yes BNF has been in the singles of 4th June
11:52 RK : Praneeth not necessary..as of now neat twp TPO singles down and doesnt need any fill
11:52 Uttam : what I meant is it may not want to revisit lower again to repair this aly of 26630 so do it today & then start moving higher, singles in it from 26575 today
11:53 RK : but NF getting ready for a blast seems
11:53 RK : VWAP inching to IBH
11:53 Praneeth : oh ok, thanks RK
11:53 Uttam : yes poor highs also in NF
11:54 Uttam : 10830 best case scenario in NF today RK?
11:55 RK : 815/835
11:55 Uttam : cool +1
11:56 RK : Rs stopped in NF post 755 scale I think
11:56 Uttam : option pain in BNF at 26600
11:59 Kathir : VIX up a percent
11:59 Kathir : 12.75
11:59 janak : NF can do 30-40 down?
12:00 Uttam : 26400 pcr was 0.5 at close yesterday and now at 10.7
12:00 Himanshu : (11:53) RK : VWAP inching to IBH(11:53) RK : VWAP inching to IBH is this always work RK or need to see other parameters?
12:00 janak : NF needs some distrubution down shai? 730
12:01 Shai : No
12:01 Shai : dpoc moved up
12:01 Uttam : now some RS in NF
12:01 Uttam : 26k&80k red at top
12:02 Shai : noise now
12:02 Shai : inventory adjustment in k period holds the key
12:03 RK : Himanshu depends on day context..now being trend day sofar we need to monitor factors to confirm what its trying to do..so a) we held VWAP test b) IBH range extn done c) VWAP moving from 545 to 560 > all they are doing good as of now
12:03 janak : thursday expiry some cooling off in BNF? 200 down?
12:03 Uttam : that could also give a pull back low which will be imp ref for next week also Shai?
12:03 janak : 10700 pe can do 100+?
12:05 RK : *745-760
12:08 Himanshu : noted RK thanks
12:12 Uttam : that RS in NF being taken out by that 60k green guy at 10775
12:12 HK : some calls are getting written in NF
12:16 janak : shai a pull back till 26600?
12:16 HK : got out at 790, NF is in a bit of a trouble here10:54 HK : NF for 796
12:18 janak : yes some cooling off has to be there. bn weekly expiry will give a spike down
12:19 Mungerilal : @shai BNF day target still holds at 795 or we can wait for higher intra levels ?
12:19 Uttam : pink band in BNF 30k red
12:21 Uttam : nice HK 🙂
12:21 Uttam : congrats
12:25 Uttam : 26700ce above 87 now
12:27 HK : Thx Uttam
12:27 Mungerilal : Where is @Shai when BNF in party mode 🙂
12:28 Ankush : bring r m today for 3IB mode:)
12:28 Uttam : NF just abot to tag 2IB
12:28 Uttam : BNF needs to do 30 more
12:30 Mihir : Shai the punt is jackpot 😀
12:30 Mihir : Thanks.
12:33 RK : it has done the job..Now max pullback if any would stop in that 650-660 zone (11:51) RK : 650-660 holds means it could grind and move up Uttam to complete upper portion
12:33 Shai : indeed 🙂
12:34 Ankush : this looks like a trend day here?
12:34 Shai : 940 coming by close
12:34 Shai : hold
12:34 Natarajan : 940 in BN?
12:34 Shai : yes
12:37 Mungerilal : @Shai is target for 26700CE around 200 now ?
12:37 Shai : Buy 26800 ce at 44-45 sl of 21 tgt 90.
12:39 Shai : 145 was the initial expecttion on that CE
12:39 Shai : parabolic above 145 fr 284 in that 26700 ce
12:41 Mungerilal : Ohk
12:42 Shai : that would put it on par with the Futures at 26940
12:43 Shai : parabola if we cross 26810 now
12:43 Shai : next 150 should be quick
12:45 Shai : Book the 26800 ce at 52- 54 here
12:45 Kunal : why ?
12:45 Shai : Let’s trade the move with Futures
12:45 Shai : can hold same objective
12:51 Manish : Shai : Let’s trade the move with Futures; shai, buy BNF above what price ?
12:57 Shai : Rebuy Banknifty in 2 parts at 26760 here and down at 26710 sl of 26640 on trade tgt 26940. Hold till close.
13:01 Shai : test
13:01 Mihir : Pass
13:02 Shai : how many holding the 26700 ce still?
13:02 Mihir : Me captain.
13:02 Kunal : me
13:02 Manish : me
13:02 Shai : cool
13:02 Priyanka : me too
13:02 Shai : You guys know how to trade a Trend day then
13:03 Shai : Rest of you need lessons 🙂
13:03 Shashwat : 😉
13:03 Kunal : if u r so convinced since yesterday for bnf 940-960
13:03 TP : Me too in the lessons class 😉
13:03 Kunal : then y to panic
13:03 janak : or we need mor spoonfeeding from a certain genius named Shai 😉
13:03 Mihir : Shai. The days I see lesser on the screen are more profitable.
13:03 Kunal : if v cant accept loses on good setup then when to ?
13:05 Shai : we are still looking to buy
13:05 Kunal : @Shai i suggest to give and make us hold ur strong setups and view till SL and TRG
13:05 Shai : But risk here is a drop of 100 points
13:05 Shai : But that should be bought
13:06 Shai : @Kunal I give my views as well as my trades
13:06 Shai : But upto you to take ownnership of the trades and make them your own
13:06 Santosh : +1
13:06 Shai : I keep dabbling in between from 5 to 50 lots.
13:07 Shai : sometimes I take profits if size is big
13:07 Kunal : but let it ride thru as i saw that the samereaches
13:07 Shai : of course it would
13:07 Shai : but not everyone gets in the trade at smae time and for the rest we have to book and keep putting new trades
13:08 Shai : Like we have a BNF long from yesterday
13:08 RK : there is nothing as strong setup or signal and better to book profit as and when we get smthing..thats the way to roll
13:08 Shai : but for those who did not get it …we still have kept adding longs from open
13:09 Shai : Intra we will keep churning the sizes and setups
13:09 Shai : But if positional then ignore and stay with view
13:11 Shai : still looking for a move to 26940- plan is to add abv 26810 which is supply
13:11 Shai : risk is a dip to 26665 from here
13:15 RK : bang 10815 🙂
13:15 Shai : oh man
13:15 Shai : 1.68 seller
13:17 Uttam : that’a SL getting hit Shai?
13:17 Uttam : lot of 0’s above
13:17 RK : mostly yes
13:17 Shai : yes
13:18 Uttam : thanks 🙂
13:18 Uttam : 10830 coming?
13:19 Mihir : Shai. How to get rid with the itch of not exiting on a trend day?
13:19 Mihir : I know it comes with experience. But for beginners?
13:19 Uttam : part book Mihir & trail a bit with SL as cost
13:19 Uttam : so it is a safe trade as in you will not lose money & yet be in the trade
13:20 TP : Mihir part book and move to next strike.
13:20 Mihir : Yes uttam. Need to stop being restless on trend days.
13:20 Mihir : TP thats a nice one. Thanks.
13:20 Uttam : I booked out all my 10700ces and move to 10800 so that risk gets smaller
13:22 Tulajaram : Thanks for the clues, me too have same symptoms.
13:23 Shai : That 1.6 L seller early in the game
13:23 janak : seller in NF?
13:23 Shai : He is sending us hints to buy PE’s into the close and reduce longs
13:24 Shai : But he is early and may be tested
13:24 Uttam : Shai can we have 10800 CE & PE on options charts
13:24 Shai : 10827 F still pending
13:24 Uttam : yes Shai +1
13:32 Praneeth : thanks shai for telling 100 point drop cud come in bnf
13:32 Uttam : big reds in BNF
13:32 Uttam : BNF started stalling even as NF was making new hgihs
13:33 janak : nf dip till 780?
13:35 Mihir Shah : how to add stocks
13:42 Mihir : Oh one more Mihir.
13:43 janak : NF has run up from 10574 to 10814 in 2 days!
13:44 Shai : Update : Book the 10700 CE fully at 166 here
13:44 TP : 26710 second part in ?
13:45 Shai : yes
13:45 Shai : first dip to vwap BNF
13:50 Ankush : shai 26600 pe punt?
13:53 Shai : 26730 F cross should send it quickly to 810 again
13:54 janak : but NF has sellers
13:54 janak : PINK driving down
13:54 Shai : yes NF is weird here
13:55 Kunal : (13:11) Shai : still looking for a move to 26940- plan is to add abv 26810 which is supply
13:55 Kunal : still intact right ?
13:55 Shai : yes
13:56 Shai : NF is weakening
13:56 Shai : 10770 next supp
14:04 Shai : one vwap seller pushed ut of BNF
14:04 Shai : one moe pending
14:07 Shai : tat green band is the second seller puking
14:11 Mungerilal : @Shai lot sellers have been gathered in last one hour for spike up in BNF ?
14:12 TP : BN option pain at 267k ?
14:12 Shai : yes Munger
14:13 HK : These guys doing the trick 12:12 HK : some calls are getting written in NF
14:13 Shai : 19k bugger came late and e too was forced out
14:13 Uttam : yes Tej option pain at 26700
14:13 Mungerilal : 🙂 OK Roger
14:13 TP : tks uttam
14:13 Priyanka : option pain means?
14:14 Mungerilal : If BN ends at 267K, max option buyers will loose money
14:14 Mungerilal : max money lost of option buyers or max money made by option writers
14:15 Shai : Reduce the second size taken in BNF at 26755 here. Stay with original 50% with sl of 26687.
14:15 TP : Last 2 expiry call writers butchered , let’s scare the put writers this time 😉
14:16 Shai : either vwap breaks or 810 goes
14:16 Shai : we are in middle
14:16 Shai : was expecting a fastiish move to 810 abv 730 — not materialising
14:17 Shai : Even this one TP
14:17 Shai : Calls were written from 26300 onwards
14:17 Priyanka : 26700CE?
14:17 Shai : That one hold
14:17 Priyanka : okie
14:18 Shai : this one for the second lot we took at 710
14:18 Shai : reducing risk
14:18 Priyanka : okie
14:18 TP : yes chief …butcher the call/ put writers …just don’t butcher the sheep like us 🙂
14:19 Shai : BNF is on a slughter mission for 3 weeks now
14:19 Shai : I don’t think we have seen the last of it
14:19 TP : +1
14:22 Uttam : poor highs in BNF though
14:25 Uttam : Shai’s critical ‘K’ period starts & so far has been inside
14:25 HK : 2 lac seller cut off all supply
14:26 Uttam : 10780 in NF & 26680 in BNF must hold Shai?
14:29 Shai : hdfc bank tanking
14:30 TP : put writers getting the scare 😉
14:30 Shai : Clsoe out the BNF longs
14:30 Uttam : vwap gone in BNF
14:31 HK : wah wah NF
14:31 Uttam : pull back time, both getting buyers below vwap looks like?
14:33 Shai : close out the 26700 ce also
14:34 Shai : Alos Book the BNF positionals
14:34 Rushabh : does max pain matter? like last expiry changed everything
14:35 Uttam : max pain is a level where writers want the price to close
14:36 Rushabh : yeah but last expiry it definetely screwed them right?
14:36 Mungerilal : Sometimes I guess it works more like lagging indicator
14:36 Uttam : writers had to run for cover last week which is why we spiked into the close
14:37 Rushabh : or wasn’t it HDFC bank which was the culprit
14:38 Ankush : shai.. b uying in 26600 pe?
14:38 Shai : yes
14:38 Shai : Buyers not able to hold vwap
14:38 Shai : and will liquidate
14:38 Ankush : can be taken here?
14:39 Uttam : pain down to 26600
14:42 Uttam : (14:31) Uttam : pull back time, both getting buyers below vwap looks like?
14:43 Mihir : What spikes
14:43 Shai : can buy that 26700 put now here
14:43 Shai : small qty
14:43 Shai : 39
14:43 Mihir : f1 f2 entries as per order flow giving 1k
14:45 Shai : messy
14:45 Shai : 52 down to 40 again
14:46 Ankush : too fast fluctuation
14:46 Shai : avoid now
14:46 Mungerilal : @Shai whats down level we are looking for BNF intra
14:46 Shai : yeah
14:46 Ankush : expiry here only?
14:47 Shai : could be
14:51 Shai : 26610 should hold – (14:46) Mungerilal : @Shai whats down level we are looking for BNF intra
14:55 Shai : 75 point premium at 26700
14:56 Shai : BNF is becoming dangerous
14:56 Shai : 160 point swings
14:58 Praneeth : shai, 510 possible in bnf?
14:59 Shai : go below 610
15:00 Shai : Intra : short BankNifty below 25605 sl of 25665 tgt 26510 cmp 26630. short below
15:01 Mungerilal : Insane
15:02 TP : done …..(14:15) TP : Last 2 expiry call writers butchered , let’s scare the put writers this time 😉
15:03 Shai : this can go to 340
15:03 TP : today
15:03 Shai : all thos ebabas who wrote puts
15:05 Mungerilal : Shai square off position at 26510 or wait for 26340 ?
15:05 Shai : bring sl to 25610
15:05 Ankush : that 26700 pe could have been a great trade
15:05 Shai : keep reducing risj
15:05 Shai : risk*
15:06 Shai : this is a treacherous environ
15:06 Mungerilal : Seems like today both PE and CE writers got butechered
15:08 Ankush : shai. bnf closing looks bad
15:09 Ankush : also that 1.6l seller on top in NF?
15:09 Shai : 15 mins
15:09 Shai : 510 atleast
15:09 Shai : finish what you started
15:13 Shai : 40 point dump coming
15:15 Shai : 26511
15:15 TP : +1000 chief ..awesome calls.
15:15 Shai : 10 mins
15:15 Shai : Book fully BNF
15:16 Uttam : super Shai 🙂
15:16 Boppanna : pefect Shai
15:16 Shai : Cheers
15:16 Mungerilal : Thanks Shai
15:16 RK : Mad men Circus
15:16 Ankush : super shai
15:16 RK : 🙂
15:17 RK : weeklies
15:17 Shashwat : Cheers!
15:17 Shai : would have loved 140 above 26800 but this is also sweet 🙂
15:17 Praneeth : cheers
15:18 Mungerilal : Thanks Shai…Crossing 50K after 1.5 years
15:18 Mungerilal : https://vtrender.slack.com/files/U0JB836CX/FB3E54Y3F/pl.png
15:18 Uttam : poor highs in BNF Shai so this would be just a correction?
15:18 Shai : Cheers Man
15:18 Shai : Best wishes for 5L next 🙂
15:19 janak : so the upmove in BNF is done now?
15:20 HK : Shai, I am short in Nf in 803 zone, safe to carry?
15:20 Shai : we will knw tom
15:20 Shai : this is all expiry
15:20 Shai : No HK
15:20 janak : it can go back to that 25840 now 😉
15:20 Shai : I think buyers come back tom
15:21 Shai : This move is cos of put writers clsing last 1 hour
15:21 Shai : we know it that vwap of trend day should not break and we closed
15:21 Shai : those buggers got trapped
15:22 Shai : mad flip but we made it clean
15:23 Shai : those guys who write for 2 bucks and 3 bucks got cleaned
15:25 RK : hope now this makes sense and Why Shai avoided agressively holding longs in BNf..smtimes you get a feel and have to trust it..experience (13:08) RK : there is nothing as strong setup or signal and better to book profit as and when we get smthing..thats the way to roll
15:26 Santosh : Shai BNF rebound from gap below IB…sign of up move tommorrow
15:27 Shai : could move up tom
15:27 Shai : but we need more conf
15:27 Santosh : ok
15:27 Shai : Let’s see if we get 440 test again tom we will buy
15:28 Gaurav : Could never understand the logic to sell for 2-3-4 bucks. Surprisingly brokers seem convinced
15:29 Shai : brokes provide leverage
15:29 Shai : qty is in 10,000’s
15:29 Shai : makes sense then
15:29 Uttam : and it had become all too easy for them
15:29 TP : Bye All.
15:29 Shai : Bye all
15:29 Gaurav : Wanted to write “Not” Surprisingly
15:29 Jatin : bye all
15:29 Shai : Have a nice evening
15:29 Ankush : bye all
15:30 Uttam : thanks All 🙂 have a lovely evening
15:30 Ankush : have a nice evening
15:30 Shashwat : Bye!
15:31 Praneeth : bye all
15:31 Gaurav : Bye all
09:36 TP : Shai views on HINDPETRO , id.
11:27 Shai : 315 seller should drop it to 308
11:27 Shai : sl day highs
11:27 Shai : 311 ypoc some profit taken
11:29 TP : tks chief.
11:30 Rushabh : shai dlf above 203
13:18 Gaurav : Shai can buy Sun Tv futures positionalfor 970-980?
14:10 HK : Shai, your views in ITC, swing
14:28 Shai : sun tv looking good for 960
14:28 Shai : 913 is supp
14:29 Shai : but avoid if goes below 920 by close
14:29 Shai : 926 now
14:31 Gaurav : Thanks Shai