The NF and BNF charts from the Trading Room
08:36 Vtrender Live : (08:36) Vtrender Live: 30min charts (bigger) – https://global.gotomeeting.com/join/777072869
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08:42 Shai : (08:41) Shai : https://vtrender.com/evening-report-dated-06th-april/
(08:41) Shai : weekly outlook- https://vtrender.com/weekly-hypos-week-dated-9th-april-to-13th-april-spot-prices/
09:21 Shai : (09:21) Shai : Buy Nifty 10385 sl of 10360 tgt 10420.
09:27 Shai : (09:27) Shai : NF 10400. Book half an d raise sl to cost
10:04 Shai : (10:04) Shai : Book the NF longs at 10408 here. High made of 10415
10:58 Shai : (10:57) Shai : Intra : short BankNifty 25055-25060 sl of 25115 tgt 24960/24865.
Trade a smaller size
11:32 Shai : (11:32) Shai : Close the BNF shorts at 25035 -40
12:22 Shai : (12:22) Shai : Buy BankNifty above 25104 sl of 25040 tgt 25197 . cmp 25080. Buy abv only
12:44 Shai : (12:44) Shai : Remove the BNF buy above from the system
(12:44) Shai : we won\’t do it
13:41 Shai : (13:41) Shai : Positional : Buy 10300 pe 50%25 at 92 here and keep another buy open at 82. Sl of 65 on trade. TGt is 135 and 152
13:42 Shai : Do in 2 equal parts. We will pick at 82 also if it comes
13:43 Shai : (13:43) Shai : update 2 – close the 9600 PE short at 9.8 here
14:15 Shai : (14:15) Shai : Buy BankNifty 25155 sl of 25070 tt 25277/ 25306
14:15 Shai : (14:15) Shai : Buy BankNifty 25155 sl of 25070 tt 25277/ 25306
14:16 Shai : (14:16) Shai : Don\’t buy the second part in 10300 pe yet at 82. We will add that near the close
15:10 Shai : (15:10) Shai : Close the BNF intra longs at 25125 here
15:11 Shai : (15:11) Shai : Update : stay with 50%25 quantity on the 10300 pe . We won\’t add today
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08:41 Shai : GM all
08:41 Shai : https://vtrender.com/evening-report-dated-06th-april/
08:41 Shai : weekly outlook- https://vtrender.com/weekly-hypos-week-dated-9th-april-to-13th-april-spot-prices/
09:00 Shai : Friday Poc was prominent at 10336
09:00 Shai : sgx projects an open around there
09:00 Shai : 10293- 10303 supp lower
09:00 Shai : res higher at 10362
09:06 Manish : gm everyone
09:09 Uttam : Good Morning All 🙂
09:11 NDee : Gm shai, All!
09:12 TP : GM All.
09:17 Uttam : both getting pink band at top at open on 30mins
09:18 Uttam : BNF pink band there on 5mins too
09:18 Shai : globe is moving up last 1 hour
09:19 Chetan Shenoy : bnf o=l
09:19 Jitender : Gm Shai, Folks 🙂
09:20 Uttam : looming like a OTD Shai?
09:20 Uttam : looking*
09:20 Uttam : BNF hits vpoc of 25060
09:21 Shai : Buy Nifty 10385 sl of 10360 tgt 10420.
09:22 Uttam : Nifty spot 10389 is a vpoc looks to be headed there
09:22 Uttam : 10416 is also 1atr from that fa of 10304
09:25 TP : Shai IB range/day range missing in 5 min chart.
09:27 Shai : NF 10400. Book half an d raise sl to cost
09:29 Uttam : OTD in both Shai though vols are low?
09:30 Shai : it’s there TP bit unstable but will fix it
09:30 Shai : 10420 expectation of the move still
09:31 Uttam : tested yVAH & now taying above pdh
09:31 Shai : some selling coming back
09:31 Shai : vwap supp
09:31 TP : tks ….(09:30) Shai : it’s there TP bit unstable but will fix it
09:32 Shai : volume not there for a drive – (09:29) Uttam : OTD in both Shai though vols are low?
09:33 Uttam : so just an Open Auction start or OTF can still come & drive it in one direction?
09:34 Uttam : Spot looks like an OD though in both with almost OL start
09:36 HK : GM Shai and friedns
09:37 HK : OD gets 15 lacs volume at the open and we are nearly there
09:39 Manish : is the volume the middle section in the delta stack screen ? The red and green bars ?
09:40 Shai : under 13 still HK after 25 mins
09:40 Shai : OD would have crossed 20L in 15 mins
09:40 HK : ok Shai, got it, noted
09:40 Shai : yes- (09:39) Manish : is the volume the middle section in the delta stack screen ? The red and green bars ?
09:48 Boppanna : shai can you adjust the BNF put option screen please..
09:54 Uttam : (09:22) Uttam : 10416 is also 1atr from that fa of 10304…makes high of 10414.9 so far
09:54 HK : @uttam that was outstanding
09:54 Manish : uttam +1
09:54 TP : Shai are you givivng us a trend day :)14:24 Shai : let’s close it here and trade a Trend day on Monday
09:55 HK : Hard to trust 1 lac + sellers these days huh
09:55 Uttam : thanks HK & Manish 🙂
09:56 Manish : trump tweeted a positive tweet about china trade war over the weekend.
09:56 Uttam : possible Tej, we have left that wide poc of 10336 so could be movih higher to tag the vpocs above 10434 & 10533
09:56 Uttam : 10529 is also 2atr from 10304
09:56 TP : +1 uttam
09:57 HK : looks like Pros screwing FIIs
10:04 Shai : Book the NF longs at 10408 here. High made of 10415
10:06 Shai : next leg of the auction dependent on what happens above 10420
10:06 Shai : for now vwap at 10385-89 is a supp
10:07 Boppanna : BNF pink band trying to push it down
10:11 Shai : yes
10:11 Shai : 25015 has a mix of buyers and sellers
10:12 Shai : may supp buyers for now
10:12 Shai : below that 24964 a supp
10:12 Shai : if 24964 breaks then these sellers get bigger rewards
10:13 Uttam : (09:22) Uttam : Nifty spot 10389 is a vpoc looks to be headed there…Spot tags 10389
10:15 Shai : yes 10419 is that vpoc in F
10:19 Boppanna : BN spot in the 24900-25050 zone and NS around 10385 both can act as a pivot as per Shai”s weekly report
10:22 Jitender : Shai..abv 10420 …Fii get screwed & we get 10560-10600 ?
10:22 Jitender : or fii can let it run till 10480 ?
10:24 Shai : yes that is the number for Fii’s to think of flipping
10:27 Jitender : tx
10:28 Boppanna : Shai chances of ending in a P today ?
10:28 Shai : more likely
10:28 Boppanna : thx
10:29 Sunil : better….p with BIG…L/M..;)
10:29 Shai : Fire Chanda news doing the rounds now
10:29 Jitender : yup
10:29 Jitender : but tat wud be +ve 😉
10:29 Shai : 🙂
10:35 Jitender : lets see whether we get a range ext or rej at DHs
10:36 Manish : is that 10414 and 25085 ?
10:37 Jitender : ys IBHs
10:37 Manish : ok thnx
10:57 Davis : Nifty spot Jan Low 10404. Still Nifty unable to cross above that..
10:57 Shai : Intra : short BankNifty 25055-25060 sl of 25115 tgt 24960/24865.
10:58 Shai : Trade a smaller size
10:59 Shai : NF breaking vwap
11:21 HK : Shai, I am aware delta is only a minor factor, but NF has been going up on Friday and Today on red delta on 30 mins all thro the day, how do you interpret that
11:24 Shai : delta is becoming irrelevant as an indicator HK
11:24 Shai : we are moving away from the concept of delta
11:25 Shai : That’s because pros have found a way around delta by reducing sizing and hiding intentions
11:25 HK : How abt SM/FII/Insti chart, I am unable to read it
11:25 Shai : we will be making changes to that to reflect the new conditions
11:26 Uttam : +1 Shai
11:26 Shai : back to 25015- (10:11) Shai : 25015 has a mix of buyers and sellers
11:26 TP : +1 Chief , our room leads the way !!
11:27 Shai : The trading world keeps getting smarter. We have to keep sharpening the edge
11:27 Shai : cant live in the past
11:27 Manish : Shai, TP, Jit, lets say in the next couple of years everyone starts using MP/OF. Then do we loose the edge ?
11:28 Shai : they won’t
11:28 TP : Manish concept remains the same , like Shai said we need to find our edge.
11:28 Boppanna : +1 11:26 Shai : back to 25015
11:29 Manish : thnx shai, tej
11:29 HK : Yes VT room is way ahead
11:30 HK : But then the onus is also on us to continuously challenge and contribute
11:32 Shai : Close the BNF shorts at 25035 -40
11:33 Boppanna : that 25 K red looks late Shai right at supp?
11:33 Shai : 40 points of indecision here 25015- 25065
11:33 Boppanna : in BNF
11:35 Shai : yes
11:37 Shai : Keep looking at the OrderFlow guys- It’s not just about who is right but see how the upside down traders react also
11:37 Shai : If 25010 breaks we shuld get a drp of 50 points
11:37 Shai : but let’s take it as a new sell below it
11:37 Boppanna : +100 or else it take away whatever profits gained in a jiffy
11:38 HK : Uttam, has MO hit 100
11:41 Uttam : I do not have MO chart HK, RK & RM have
11:55 Uttam : BN Spot already has made a IBH ext & has poor highs today
11:55 Uttam : morning singles intact so path of least res seems to be up
11:56 Uttam : NF also back at vwap now
11:58 Jitender : 24.3pe still gvng 30 points
12:06 Uttam : late shorts coming out in both looks like
12:11 Jitender : icici says tat tere is no board meetn tis week
12:17 Uttam : finally BNF making IBH ext
12:17 Uttam : 24k red there though
12:18 Uttam : BN Spot repairs poor high
12:18 Uttam : Nifty Spot also does IBH ext now
12:22 HK : Shai, 10100 PE is getting PDDs from Friday, is that PE writers covering
12:22 Shai : Buy BankNifty above 25104 sl of 25040 tgt 25197 . cmp 25080. Buy abv only
12:23 Shai : could be- (12:22) HK : Shai, 10100 PE is getting PDDs from Friday, is that PE writers covering
12:36 Jitender : 10.3ce sustaining over 188 wud b the 1st clue
12:38 Uttam : volumes have been on the lower side in options looks like both CE / PE
12:38 Uttam : but yes above 188 that 10300ce will be good for longs
12:39 Uttam : 10300pe 96 is res should stay below it rest of day for it to fall even more later today
12:40 Uttam : agrresive seller in NF at vwap
12:42 Uttam : BNF also at vwap now
12:42 Uttam : probable FA at top today
12:43 HK : VAH and IBL are at the same place
12:44 HK : probably targeting that
12:44 Shai : Remove the BNF buy above from the system
12:44 Shai : we won’t do it
12:45 TP : sell below 510 still valid bnf.
12:45 Uttam : big reds in NF Shai?
12:45 Uttam : looks like some invetory adjustment could happen?
12:49 Chetan Shenoy : some rumors abot yuan devaluation being studied by china as a tool for trade spat
12:49 HK : Syria as well
12:49 HK : Trump probably want to save his shorts SL
12:51 Shai : yes- (12:45) TP : sell below 510 still valid bnf.
12:52 TP : tks
12:52 Uttam : probable FA at top in Nifty Spot also
12:53 Uttam : 10395 one test pending looks like
12:57 Uttam : (12:53) Uttam : 10395 one test pending looks like…high in this bounce 10393.8 so far
12:59 Uttam : BNF making a ledge at 25075-85 levels
13:00 Uttam : now both back above vwap
13:00 Uttam : BNF at IBH
13:02 Shai : hmm- (12:49) Chetan Shenoy: some rumors abot yuan devaluation being studied by china as a tool for trade spat
13:02 Shai : currency wars and trade wars togther 🙂
13:03 TP : Russian index down 4.3 %
13:05 Jitender : spx from +18 to+ 10 ..& nw bck 2 +18
13:05 Chetan Shenoy : ooh
13:09 Jitender : reds have 2 press her fr IBL…else greens will clean them
13:09 Uttam : yes Jit looks like tough fight going on
13:09 Uttam : BNF holding fort
13:11 Jitender : if Fiiz can press here..its a good pos for pos shrts
13:11 Jitender : & abv DH fr pos longs
13:15 Uttam : if we do not have a good range ext in BNF bright chances of some long liquidation happening later in the afternoon today
13:16 Jitender : yup…is spx doesn’t spike up
13:16 Uttam : +1
13:16 Shai : stay light guys
13:16 Uttam : yes Shai…
13:16 Shai : we should have big boys choose sides later this afternoon
13:17 Jitender : in2 a straddle…will let go of one end…hopefully to make sum DT amt 🙂
13:17 Shai : es futures 2632 decisive intra level
13:18 Shai : roughly abv 2645 shorts will feel th heat
13:18 Shai : and can trigger 2715 again
13:18 Shai : 2570 was the number we called for swing and despite tests there has been unable to go below
13:20 HK : There was a 1.92 sellers at 10380 on Friday, not sure if he has covered
13:20 Jitender : nope
13:21 HK : options charts showing 10330 pe being bought from morning
13:21 HK : *10300
13:21 HK : and MO at extremes,
13:21 HK : confluence of indicators, only OF not confirming the side yet
13:25 Uttam : BNF makes new hgih but 50k red there
13:26 Boppanna : Big red in BNF
13:26 Uttam : no FA in BNF as back above IBH again
13:29 Uttam : refresh needed Shai
13:29 Uttam : delta not matching in that 50k red column
13:34 Uttam : thanks Shai
13:41 Shai : Positional : Buy 10300 pe 50% at 92 here and keep another buy open at 82. Sl of 65 on trade. TGt is 135 and 152
13:42 Shai : Do in 2 equal parts. We will pick at 82 also if it comes
13:43 Shai : update 2 – close the 9600 PE short at 9.8 here
13:47 Uttam : 25000PE also having a green band Shai?
13:48 Shai : ye
13:49 HK : What is the Nf eqivalent of 10300 PE target of 135 and 152
13:51 HK : approx
13:52 Shai : 10293
13:52 Shai : looking for a test down to 10330 and 10300
13:53 Shai : May not come today but tom we could be there
13:53 Shai : Sl is above 10427
13:53 HK : Yes, distribution in progress
13:53 Shai : Trading with a PE as still counter trend
13:53 Boppanna : Shai view on BNF ?
13:54 Shai : 25115 – 25150 F es
13:54 Shai : res*
13:54 Boppanna : ok
13:54 Shai : still sellers holding that 25110 F fro morning
13:54 Shai : no shorts till that breaks
13:54 Shai : BUyers holding*
13:54 Mohit : 25010 ?
13:54 Boppanna : 25010?
13:55 Shai : 25010 yes
13:56 TP : Shai above 10427 nex t resistance zone , looking at some option play.
13:58 Shai : 10525
13:59 TP : tks
14:07 Uttam : 66k red in BNF at new highs
14:08 HK : RK gone to cave again
14:10 Davis : I feel they will make all shorts exit today and make everyone go long overnight and big gap down tomorrow. Gut feeling
14:11 Shai : looks like that
14:11 Shai : if vwap does not break we may close at highs
14:12 Jitender : 1 scenario : 20more mins to scale 10404 in nf ..post Uttam will start liquidation
14:13 Jitender : else post
14:13 Manish : shai, can purchase balance 10300 PE @ 85 ?
14:14 Jitender : spx + 22
14:14 TP : Shai above your bn 197 intra tgt next level intra.
14:15 Shai : Buy BankNifty 25155 sl of 25070 tt 25277/ 25306
14:15 TP : yes !!
14:15 Jitender : 🙂
14:16 Shai : Don’t buy the second part in 10300 pe yet at 82. We will add that near the close
14:17 Shai : we may get a close higher if vwap is held
14:17 Manish : ok thnx
14:17 Shai : so we can pick that PE near the clsoe
14:17 Manish : shai, why NF and BNF are opposite directional trades ?
14:18 Jitender : bth stalln
14:21 Jitender : (12:36) Jitender : 10.3ce sustaining over 188 wud b the 1st clue
14:21 Jitender : dumpn strts…
14:23 HK : bring it on Jit, testing too much of patience
14:23 Jitender : yh
14:32 Jitender : AG long on bnf & icici 280ce
14:40 Sandeep : top of 27654 and low of 23624…its 38.2% comes at 25154
14:43 Chetan Shenoy : Thanks Jit 🙂 Jitender : AG long on bnf & icici 280ce
14:43 Jitender : wc 😉
14:43 Kathir : 🙂
14:44 Shai : 25090 buyer supporting
14:45 Uttam : IBH also that is in BNF today
14:45 Jitender : & yr 75-85 ledge
14:46 Uttam : yep
14:47 TP : Jit can you remind them .(13:16) Shai : we should have big boys choose sides later this afternoon
14:47 Jitender : 🙂
15:06 Jitender : (14:10) Davis : I feel they will make all shorts exit today and make everyone go long overnight and big gap down tomorrow. Gut feeling(14:11) Shai : looks like that
15:08 TP : but jit don’t see any SC …just drifting along.
15:08 Jitender : if fii doesnt have much SC in eveng data..ten tis is all retail going long
15:08 HK : yes there are too many buy calls coming in
15:09 Jitender : Tej….tats wat even rep will confirm
15:09 TP : yes
15:09 TP : bn vol decent but NF again a very low vol day.
15:10 Uttam : in fact it could turn out to be the lowest in FN this year
15:10 Shai : Close the BNF intra longs at 25125 here
15:10 Uttam : NF*
15:10 Jitender : yh
15:11 Shai : Update : stay with 50% quantity on the 10300 pe . We won’t add today
15:12 Uttam : another wide POC in NF today
15:12 Uttam : ‘p’ also so below today poc will be a clean short tom Shai?
15:13 Uttam : BNF also a ‘p’ and that 25010 still the level to watch for shorts Shai?
15:15 Uttam : NF made an outside bar on 30mins at 12:45 & since than has been within that bar which had a high & low of 10412.3 & 10368.2
15:16 HK : isnt value higher today Uttam
15:16 Uttam : did make a couple of ticks hgiher mark at 10412.5 but overall those 2 levels will have to be eatched tom for further cues
15:17 Uttam : it is HK, in fact in the morning lows was at yVAH and we have singles in mornign so value is hgiher but the value area is shrinking & vols are getting dried up so no proper trade facilitation at these higher levels
15:17 Shai : P profiles for tom
15:17 Uttam : even Friday was similar
15:18 Uttam : BN spot has 3 tpos at today’s high which could mean buyers getting exhausted here
15:18 Uttam : Nifty spot also poor high
15:18 Jitender : decent day…cud have been grt..but satisfied (14:18) Jitender : bth stalln(14:21) Jitender : (12:36) Jitender : 10.3ce sustaining over 188 wud b the 1st clue
15:19 Uttam : you shorted that CE when it failed to sustain above 189 Jit?
15:19 Jitender : no booked it as it was part of straddle..bang on 188
15:19 TP : https://www.cnbc.com/2018/03/07/coca-cola-announces-its-first-ever-alcoholic-drink.html?__source=sharebar|twitter&par=sharebar
15:20 TP : first alcholic drink by coke 😉
15:20 Jitender : signal 2 reds in f TP 🙂
15:21 Jitender : nf
15:21 TP : 😉
15:22 Uttam : signal trading 😉
15:23 Uttam : (15:19) Jitender : no booked it as it was part of straddle..bang on 188…cool so you exited the straddle both legs overall in plus?
15:24 Jitender : yup
15:24 Uttam : congrats 🙂
15:24 Jitender : tx bro
15:24 Uttam : BNF reds coming in at close? longs liquidating?
15:24 Jitender : as u predicted +1
15:25 Uttam : but I wanted an earlier long liquidation so that we could have played a move to 24960 & IBL 😉
15:25 Jitender : lets c wat Trump does tonite
15:25 Uttam : funnu close in BNF, held IBH post 2:15 but did not do any range extension upside also
15:25 Uttam : funny*
15:26 Jitender : coz tis buyr liquidated (14:44) Shai : 25090 buyer supporting(15:10) Shai : Close the BNF intra longs at 25125 here
15:26 Uttam : yep…
15:26 Uttam : that 25090 buyer got out looks like
15:27 Uttam : yet another excellent timing by Shai to get out of BNF longs
15:27 Jitender : yup
15:27 Jitender : 69k buyr in nf
15:28 Uttam : 90k on both sides now
15:29 Jitender : bye all
15:29 Shai : 25000 CE writers look strong
15:29 Nagarajan : on both side means
15:29 Shai : Bye all
15:29 Shai : Have a nice evening
15:29 TP : Bye All.
15:29 Uttam : thanks All 🙂 have a lovely evening
15:34 Manish : bye everyone
09:38 TP : Shai views on LICHSGFIN , for ID.
10:14 Shai : good abv 566 for now for 572/ 574/ 577
10:14 Shai : if 566 breaks though can drop to 558
10:16 TP : tks chief.
14:18 TP : Shai ASHOKLEY intra shorts objective met or can hold.
15:02 Shai : 144.9 was expected after the reject
15:03 TP : tks , was intra trade so closed now.
15:06 Shai : +1
15:08 TP : tks chief