Many traders are used to viewing volume as a histogram beneath a price chart. This approach shows the amount of volume traded below the price Bar. The Order Flow approach is to see the Volume traded inside or within the price bar, an important distinction.
Order Flow trading is thinking about what order market participants do and when you think along this, you can anticipate what kind of action they will be taking in the market. This is a very important concept in Order Flow.
09:00 Vtrender Live : 5 min charts of NF- https://join.me/144-239-526
09:01 Vtrender Live : 5 min chart of BNF, password vtrender- https://zoom.us/j/8647754599?pwd=eEVpa0Z2S1lTQ1RuRTVTUGt0bk84UT09
09:02 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/531831901
09:02 Aditya09 : gm all
09:04 Avinash : GM Everyone
09:06 Shai : Gm all
09:07 Shai : 11350 ref line for the open today
09:07 Santosh : why this gap up??
09:07 Manikandan : Gm all
09:07 Shai : look for an ability to suatin abv 11350 and then 11377 in which case we should move to 11435 and 11466 by close
09:08 Shai : 21740 is the big buyer now in BNF who defended his position yesterday
09:08 Uttam : Good Morning All 🙂
09:08 Shai : 22360 is still some supply though residual now
09:08 Shai : 22190 to watch at open\
09:09 Shai : Hope everyone rememebers the theory class on Orderflow yesterday
09:09 RiteshM : y
09:09 Shai : the best way to remember it is to take action and trade it when you see it
09:09 Uttam : yes sir and it was an awesome session +100
09:10 Santosh : yes
09:10 Rahul : Yes Shai, it was insighful session
09:11 Rajesh G : yes shai
09:11 Rajesh G : good morning
09:11 Shai : +1
09:11 Aditya09 : yes shai super session yest
09:12 Ankush Jain : more clarity on 0s & how to trade
09:20 Shai : going to 11438
09:20 Shai : buy abv 11404 sl of 11375
09:23 Ankush Jain : NF in
09:25 KK : hdfcbk in mood
09:25 Uttam : BNF 5min charts need adjustment Shai
09:25 Himanshu : Covered – 21500 PE Sep -735-639 Over night
09:25 Uttam : +1 H congo
09:27 Uttam : thanks Shai
09:27 Himanshu : & 22k PE sorry & 21500 PE Sep -537-449-
09:27 Uttam : anotyher OAOR in both
09:28 Uttam : but BNF looking intent
09:28 Shai : Auction not comepte at highs., we have to cross over it again
09:28 Shai : those who got in stay in
09:28 Uttam : +1 Shai
09:28 Shai : others abv day highs
09:28 Uttam : no 0s
09:28 Uttam : 22185 imp in BNF
09:28 Uttam : have 0s there for now
09:28 Uttam : plus it is the HVN
09:28 Himanshu : yes 21185- 188
09:29 Shai : no need to panic if you get bad or early triggers now, keep watching the OF and you are fine
09:30 Avinash : +1 Shai Auction continues
09:30 Uttam : some reds here in NF
09:30 Uttam : but 0s also at 11400
09:30 Shai : There we go- (09:28) Shai : Auction not comepte at highs., we have to cross over it again
09:30 Govind : HDFCB on steroids and driving BNF
09:30 Uttam : BNF could lead today
09:30 Shai : BNf driving up
09:31 Sandeep B : 0’s in NF at top
09:31 Shai : NF- exit the buy for now- 11406
09:32 Himanshu : AGR – hangover is over
09:33 K2dt : 89-98 11400ce…that LLT right at 377 and IB made it
09:33 Aditya09 : 400 ce 85-98 on shais ref 11377
09:35 Kaustubh : 90-98 11400 CE
09:35 Uttam : congo guys
09:35 Himanshu : Thx UG
09:35 Sumeet : Two quick trades, Shai. Dedicated to yesterdays webinar. So cool !
09:36 Uttam : awesome Sumeet
09:36 Rajesh : zeros in nifty at highs
09:36 Sumeet : The learning in this place is off the charts. Thank you too Uttam _/\_
09:37 Ankush Jain : we initiate longs only above Day high?
09:37 Uttam : the learning never stops Sumeet 🙂 _/\_
09:37 Ankush Jain : +1
09:38 Sumeet : +100
09:38 Shai : congrats- (09:35) Sumeet : Two quick trades, Shai. Dedicated to yesterdays webinar. So cool !
09:38 Shai : good to see
09:39 Sandeep B : As per yesterday’s learning, should we not go short in NF
09:39 Sandeep B : 0’s at top
09:39 Sumeet : _/\_
09:39 Sandeep B : sustaining below for about 5-10 mins
09:40 Uttam : @Sandeep take into context days open relative to prev value also
09:40 Shai : those reds and 0’s forced my hand to exit
09:40 Uttam : we go short on IS
09:40 Uttam : RS is longs booking here
09:40 Ankush Jain : 11377 is level to watch out?
09:41 Sandeep B : Thanks Uttam
09:47 Fenil : SBI also above 200
09:52 Ankush Jain : effect of SBILIFE in Nifty 50 maybe
09:54 Shai : Hope orange color issues are sorted for all?
09:54 Ankush Jain : yes Shai
09:54 Yaghesh : yes’
09:54 Shai : okay
09:55 Shai : look for 0’s at lows now to come back in
09:55 Shai : 11373- 77 to watch
09:55 Ankush Jain : were these 0s good candidate to short?
09:56 Shai : They fit the rules, but I didn’t take it today
09:57 Shai : had a long bias
09:57 Shai : it’s alright guys- no sweat. The system will churn more
09:57 Shai : 0’s = end of auction
09:57 Ankush Jain : exited from longs anyway
09:58 Shai : if we get a long trade abv IBH we take it today
09:58 Shai : will be a quick swipe into wed value
09:58 Ankush Jain : if it happens in C?
10:03 Uttam : C side down will be nice 🙂
10:04 Uttam : in NF
10:05 Munish : Time to short?
10:06 Shai : open auction now
10:07 Shai : those 0’s cut short the probe higher
10:07 Shai : can short if this low is broekn for 373
10:08 Shai : else avoid
10:08 Uttam : NF was forming an IS but that 23k red getting stuck
10:10 Uttam : 22318 is last Fridays high too in BNF
10:10 Uttam : just below thirsdays ext handle of
10:10 Uttam : but that day we were forming Value lower & today we are higher
10:11 Uttam : last thursday ext handle at 22320
10:11 Uttam : 11390 getting more reds
10:11 Uttam : time for C side down?
10:15 Ankush Jain : when I select 11500 CE & 11100 PE in MP charts and click it I do not get today’s profile. It shows only till yesterday
10:19 Uttam : wait for a minute, todays profile will also come
10:21 Uttam : or you can ping Suyog on slack
10:26 Uttam : anyone for 11500 in NF today 😉
10:26 Uttam : lets make the OAOR a bit more interesting 😉
10:28 Tejpreet : Webinato is hanging for me ….doesn’t allow me to refresh or close the app have to force close from task manager ….happened multiple times .Anyone else facing the issue or any solutions.
10:28 Sumeet : Uttam always one to throw cats amongst pigeons
10:28 VijayT : @tej i faced the same issue so stopped using the app.
10:29 Tejpreet : ok so i remove the app and can use like old way
10:29 VijayT : yes
10:30 Tejpreet : tks
10:30 Sanjib : Yes Tej. The App hangs sometimes
10:30 Uttam : you guys are using the app in chrome browser only right?
10:30 Aditya09 : c side dedo pls
10:31 Tejpreet : yes uttam chrome only
10:31 Uttam : I did have couple of issues but today has been behaving well since open apart from 2 tiimes it refreshed automatically
10:32 MJ : Anyone using webinato app on mac?
10:32 Shai : The app like any other app which requires the video interface will have to be always in foreground @Tej
10:32 Shai : That is how it is meant to work\
10:32 Shai : the minute a call comes and it gets relegated to the background it will stop working
10:33 Uttam : no one as elite as you MJ 😉 – (10:32) MJ : Anyone using webinato app on mac?
10:33 Shai : or you start some other app
10:33 Shashidhar : inturrupt testing for the app is not done well L)
10:33 Tejpreet : got it runnning multiple app Chief
10:33 MJ : kya ug 🙂
10:34 Shai : All these apps behave like cannibals. they require foreground always
10:34 Shai : And kill the other to get there
10:35 Himanshu : I use in firefox in web based not app
10:35 Himanshu : and works smooth
10:37 Uttam : BNF getting ready for D?
10:37 Uttam : D for dhamaka ho jaaye
10:39 Tejpreet : Dhamaka to hoga …….39 point IB on FRYDAY
10:39 Uttam : 🙂
10:40 Uttam : B period in BNF just 50 points
10:40 Ankush Jain : I use webinato on MAC
10:41 Uttam : so one more elite member here 🙂
10:41 Ankush Jain : 🙂
10:42 MJ : Ankush, is it smooth? Drags the ram?
10:43 Ankush Jain : it seems to be working fine
10:43 MJ : Thanks Ankush. Will move to it.
10:44 Ankush Jain : give a try
10:44 Ankush Jain : chrome remebers the pwd, app requires u to punch it everytime
10:45 Devkant : Is someone having a Hackintosh?
10:47 Uttam : low vols in both so stage set for some spikes and 0s
10:50 Tejpreet : Didn’t spot it then, but on 19th August NIFTY made the lowest daily range since 29th January 2020. Someone tweeted this.
10:52 Shashidhar : NF above vwap with good cod
10:52 Uttam : +1 and today we have a hat-trick of IB under 40 points this week
10:53 Uttam : 62-100 was laste 2 days range so ideally needs to be 120+ today 😉
10:54 Tejpreet : hogaya 3ib then
10:54 Ankush Jain : hoyega hoyega
10:56 Ankush Jain : even 3 IB won’t give 120+
10:56 Shashidhar : chalo 4 IB
10:57 Uttam : which is why was asking for 11500 😉
10:57 Vishnu : ug yesterday fa negated tgt comes at 11501
10:57 Vishnu : bnf at 22573
10:57 Uttam : yes sir 🙂
10:58 Ankush Jain : chrts?
11:00 Sridhar : charts is not worling
11:00 Sridhar : working
11:00 Arjun : no
11:00 Uttam : joineme & zoom are fine so can use them for now
11:00 Arjun : not even zoom
11:00 Uttam : till room charts are reset
11:00 Yaghesh : zoom also not working
11:01 Uttam : oh yes just checked
11:01 Sandeep B : even join me is not working properly
11:01 Ankush Jain : waise NF is also stuck at 11390
11:02 Arjun : haha
11:02 Uttam : joinme is fine Yaghesh
11:02 Sridhar : plese check chart is not updated
11:02 Ankush Jain : pls share link here for joinme
11:03 Uttam : it is there in tab A Ankush
11:03 Uttam : you cant see tab A is it?
11:03 Himanshu : Zoom is not working for BNF
11:03 Uttam : https://join.me/144-239-526
11:03 Ankush Jain : i am on ipad. cant see tab on app
11:03 Uttam : priveliged lot 🙂
11:04 Himanshu : haha
11:04 Shashidhar : BN returned to vwap and rejected but RED COT though
11:06 Ankush Jain : joinme looking fine
11:09 Shai : All charts fine?
11:09 Yaghesh : yes
11:09 Uttam : yes Shai
11:09 MJ : yes bossman.
11:09 Arjun : yes
11:09 Sandeep B : yes
11:09 Santosh : yes
11:10 MJ : Mac app is nice one. Made a browser into an app. Jugaard way to bypass flash 🙂
11:10 Shai : 🙂
11:10 Shai : same for windows also
11:10 Shai : nothing changed
11:11 MJ : Unlike zoom, doesn’t suck up the memory.
11:11 Shai : These guys are the pioneeers in screenshare. all these zoom, boom and all are kids and came recently
11:11 Uttam : lol
11:11 MJ : Yes chief.
11:12 Uttam : and the quality of the display stands out in webinato Shai
11:12 MJ : Best part is their support.
11:12 Uttam : in fact guys with mac will agree
11:12 MJ : UG +1 the display is so crisp on mac.
11:12 Uttam : exactly I see the difference when I see the EOD charts on my ipad
11:13 Uttam : but not so elite as to get a mac 😉
11:13 MJ : OAOR is evident 😛
11:13 VijayT : Doom Doom?
11:13 Himanshu : Chief – Zoom not working – its not showing chart
11:13 Prashant : A brief write up on the site on recommended hardwares/screens desktop/laptopt etc based on your experience would be nice.
11:13 Uttam : kahan doom doom Vijay
11:14 Uttam : zoom working fine H
11:14 MJ : UG: mac is work hazard 🙂
11:14 MJ : My mac is cheaper than few ipads out there.
11:14 Uttam : BNF got one stcuk seller at vwap
11:15 Uttam : my ipad is an absolute version bought god knows may be a decade ago 😉
11:15 Uttam : BNF trying out a new ‘p’ proifile of a different font with a longgg handle
11:16 Uttam : nothing happened in D so now focus on G
11:17 Shai : zoom is fine
11:17 Uttam : half the opens of this series so far are OAOR
11:17 Uttam : another 25% are OA
11:17 Uttam : so now we know why Aug is like this
11:18 Uttam : the only drive like volumes we had was on 5th aug
11:18 Uttam : rest all OA on low vols
11:20 Uttam : on the monthly profile we are forming a nice balance too
11:20 Sumeet : very frustrating month as the move comes while asleep !
11:24 VijayT : @uttam was hoping was a break of 22250 once.
11:28 Krantik Bordoloi : very boring month indeed
11:41 Ankush Jain : 0s
11:41 VijayT : @Uttam Done
11:41 Sandeep B : multiple sets of 0’s in NF
11:42 Ankush Jain : we go long?
11:42 Sandeep B : 2L buyer
11:43 Uttam : you did this V 🙂 – (11:41) VijayT : @Uttam Done
11:43 Bhavesh : sl for long low + barrier
11:44 Shashidhar : BN not going down VWAP convinsingly
11:44 Munish : Polarity of these zeros?
11:44 Jitender : +1 Vijay
11:45 Sumeet : Zero sandwich here
11:45 Munish : Downtrend to continue or they act as SL for a long?
11:45 VijayT : Thanks Jit Bhai.
11:46 Ankush Jain : we hv 2 sets of 0s
11:46 Munish : @Shai @Uttam can you guide how to interpret these zeros?
11:46 Sandeep B : Can’t make out if there are 0’s at day’s Low at 11361
11:47 Sandeep B : the RBtoIS is overlapping
11:47 Uttam : acution stayig above the POC is good and the 0s at lows show that side auction is done
11:47 Sandeep B : @Uttam can you please let us know if that is end of auction?
11:47 Vishnu : if nf cross vwap can take position with sl blw tht 0 s
11:47 Uttam : plus rejection from below IB
11:48 Uttam : 0s of 11390 need to be taken out now
11:49 Shashidhar : Nifty has 2L at VPOC
11:49 Shashidhar : 11369
11:49 Uttam : yes
11:49 Shashidhar : should work as support for some time today
11:49 Uttam : BNF has some big reds stuck at lows
11:49 Uttam : could be SL of longs too
11:49 Uttam : 38k & 16k
11:49 Shai : Buy Nf 11384 sl of 11358 tgt 11415
11:50 Shashidhar : yes, stop loss hunting is something we need to master, we can take trades at stop loss 🙂
11:50 Shai : sl is below 0’s
11:50 Shashidhar : 11361?
11:50 Shai : could have taken at 11370 also., but there weere 0’s abv
11:51 Shashidhar : +1
11:51 Uttam : yes Shai that 11390 needs to be taken out
11:51 Shai : happening- (09:55) Shai : look for 0’s at lows now to come back in
11:52 Shai : thsi si nullified now- (09:39) Sandeep B : 0’s at top
11:52 Sandeep B : Thanks Shai
11:54 Ankush Jain : Zerodha shows low of 11370
11:58 Shashidhar : zerodha low – expand the bid/ask, you will find the low as 11361
11:58 Uttam : stalling for now here – (11:48) Uttam : 0s of 11390 need to be taken out now
11:59 VijayT : more doom doom
12:02 Uttam : those stuck shorts getting an exit in BNF?
12:02 Uttam : but more reds here
12:03 Jitender : Shai…wen we have RB & RBtoIS in same candle…wich shld be given precedence among them ?
12:03 Uttam : BNF still in A period singles
12:03 Uttam : NF forming a nice mini bell
12:06 Uttam : je baat
12:07 Ankush Jain : buy abv vwap could be good
12:07 Uttam : no vwap trades in OAOR Ankush, can use vwap to part book
12:07 Ankush Jain : ok
12:07 Ankush Jain : looking to buy abv 0s of 390 actually
12:08 Uttam : but a effective move above vwap gives good confidence for longs
12:08 Uttam : to hold longs
12:09 Uttam : G period starts in 5 mins
12:10 Shashidhar : @ug – with multiple sellers below CMP, is BNF biased for doom or two dooms are good enough
12:11 Uttam : those sellers seem stuck Shashi as auction has been above them and above VWAP can be forced to cover
12:13 Uttam : can G give a RE up?
12:13 Shashidhar : ok
12:16 Uttam : lets have a boom boom
12:16 Shai : it becomes neutral – (12:03) Jitender : Shai…wen we have RB & RBtoIS in same candle…wich shld be given precedence among them ?
12:17 Uttam : 83 to 90.6 in that 11400ce on those 0s and 2L vol
12:17 Uttam : booked at vwap of that CE
12:17 Shai : why look at zerodha when you ahve something more advanced here – (11:54) Ankush Jain: Zerodha shows low of 11370
12:17 Kaustubh : +1
12:18 Kaustubh : 83 to 90 in that
12:18 Shashidhar : +1 Shai
12:18 Ankush Jain : of course shai. was just looking at charts
12:18 Shai : reduice half and bring sl at cost now- (11:49) Shai : Buy Nf 11384 sl of 11358 tgt 11415
12:18 Uttam : nice Kaustubh
12:18 Ankush Jain : sometimes u hv to scroll bk
12:18 Kaustubh : 0’s are amazing
12:18 Sumeet : Ditto trade Uttam. Best possible way to spend a thurs evening. result : immediate
12:18 Uttam : scroll back for what A?
12:19 Uttam : wonderful Sumeet 🙂 more power to you man
12:19 Kaustubh : boom
12:19 Shai : +1- (12:18) Kaustubh : 0’s are amazing
12:19 Ankush Jain : scroll bk to see prev bars etc
12:19 Shai : My experience with them shows an error of 3% in 2 months
12:19 Ankush Jain : even uper 0s worked
12:20 Shai : just keep trading them – you will be amazed
12:20 Kaustubh : +100
12:20 Uttam : _/\_ Shai
12:20 Sumeet : Thats an amazing rate, Shai
12:21 Uttam : now lets have a proper FA at 11361 & do that 11500 😉
12:21 Shai : It is
12:23 Maxis : 3% in 2 months, u mean failure of 3 % only for the last 2 months?
12:23 Maxis : with trading 0’s?
12:24 Ankush Jain : that is a great number
12:31 Shai : 🙂 yes you’ll see for your selves 🙂
12:31 Maxis : thanks for confirming Chief 🙂
12:32 Shai : Book out NF 11398
12:32 Shai : we take a new bias bnow abv IBH
12:34 Uttam : 10 more mins G has
12:36 Uttam : BNF now forming a normal ‘p’ profile
12:36 Uttam : NF a nice bell
12:40 Ankush Jain : Belling the gap of 2 days 🙂
12:41 Uttam : Value for the day was completely lower & the 2-day composite represents a DD (Double Distribution) with the HVNs at 11301 & 11435 where the auction seems to be currently locked in.
12:41 Uttam : BNF also represents a DD on the 2-day composite with the HVNs at 21985 & 22360 so staying above 21985 the auction could fill up the low volume zone between these HVNs in the coming session
12:42 Uttam : today’s report
12:43 Munish : @Shai, any indicator for squaring that long (zeros) deal and waiting for bias?
12:45 Shai : There was no demand pushing the previous 0’s out
12:45 Uttam : no demand above VWAP Munish which is why Shai asked too book the longs
12:45 Uttam : +1
12:45 Shai : Guys I’m leaving out early today.
12:45 Munish : Alright, thanks
12:45 Shai : The afternoon is with you to trade
12:45 Shai : Have a good session
12:45 Vishnu : +1
12:45 Uttam : _/\_ Shai have a nice weekend
12:45 Shai : I’ll catch up with you on Monday
12:46 Sandeep B : Have a great weekend
12:46 Sumeet : Enjoy the weekend !
12:46 Shashidhar : have a great weekend Shai
12:46 Maxis : early weedend. where to chief? Khandala?
12:47 Shashidhar : he makes people go to Khandala
12:48 Jitender : tx (12:16) Shai : it becomes neutral – (12:03) Jitender : Shai…wen we have RB & RBtoIS in same candle…wich shld be given precedence among them ?
12:48 Shai : Bye all. HAGW
12:49 Jitender : HAGW Shai
12:49 Shashidhar : u2
12:51 Munish : Is NF looking to break the earlier zeros? Or is that going to still be a strong support?
12:53 Uttam : the job of those 0s is done Munish and it gave a trade to vwap but lack of demand giving this rotation down here so IBL is still the ref on downside in NF along with that 2L level
12:53 Uttam : 11369
12:53 Uttam : we are forming a balance on the daily
12:54 Munish : Okay, thank you
12:54 Uttam : +1 🙂
13:09 Krantik Bordoloi : nf giving perfect bell curve today
13:09 Uttam : 3rd day in this week
13:09 Tejpreet : setting up nicely for monthly expiry !
13:10 Uttam : Ganapati bappa maurya 🙂
13:11 Shashidhar : aadha “lot” choriya
13:12 Shashidhar : nift struggling to cross vWAP and BN too
13:13 Uttam : harldy any vols in both
13:14 Ankush Jain : UG what is this thick white line?
13:14 Uttam : BNFffff
13:14 Ankush Jain : another 0s
13:14 Uttam : je baat
13:14 Uttam : whatta move
13:15 Sumeet : whattt???
13:15 Uttam : 3L red at 11413
13:15 Uttam : lets see if we can get above it
13:15 Sumeet : nf fa confirmed
13:15 Ankush Jain : again auction terminated?
13:15 Uttam : 11500 needed Summet
13:15 Uttam : SUmeet
13:15 Uttam : 1.2L in BNF at 22350
13:16 Tejpreet : that buyer exit for 50 points
13:16 Himanshu : 22000 PE- 185- 161
13:16 Himanshu : But wih balls in mouth
13:16 Himanshu : E no chalbe
13:17 Sandeep B : 45K buyer at NF highs….does this mean auction has not ended yet?
13:17 Uttam : we have a zone of 0s in it Sandeep
13:17 Uttam : so 11413 which is also the IBH ref now
13:17 Uttam : above it we are on for our date with 11500 😉
13:17 Sandeep B : ok
13:17 Uttam : below it another rotation abck lower
13:18 Himanshu : Seocnd set – 183- 153
13:18 Uttam : congo H
13:18 Uttam : BNF has 0s from 22260 which will be ref on downside
13:19 Himanshu : But I am real stupid – With Open – with Bias being positive today being first day – 22K PE – Open = Hih
13:19 Uttam : that vpoc of 223650 has been tagged and for now rejected as those 0s plus big seller shows
13:19 Tejpreet : NF FA at lows, now let’s see FA at highs ya 500
13:19 Sumeet : Uttam isnt there a fresh fa at 11361
13:19 Himanshu : Right time to sell was 300-320 Range – Useless trade for 30 points ..
13:20 Uttam : yes FA confirmed at lows but NF needs to stay above IBH
13:20 Himanshu : Thx UG any way- If with MP and Order flow – if am struggling with 30 Points in Option Sell – its time to go to VT school library again ..
13:20 Sumeet : ok thanks. thought tagging is enough
13:21 Uttam : tagging means another rejection na Sumeet
13:21 Sumeet : yes… true…
13:22 Sumeet : thank you
13:22 Himanshu : In simple parlance – Pinchig
13:22 Uttam : 🙂 +1 _/\_
13:22 Himanshu : Pinching –
13:22 Devkant : FA at NF 11435?
13:23 Devkant : Couple of 0’s over there
13:23 Uttam : 11430 is day high so far D
13:23 Uttam : 0s do not mean FA – os indicate end of auction
13:23 Devkant : Yeah
13:23 Devkant : Thanks Uttam
13:24 Sandeep B : 22260 should be support for BNF…right?
13:24 Uttam : yes Sandeep
13:24 Uttam : vwap also tghere
13:24 Sandeep B : Thanks
13:24 Uttam : BNF had loads of stuck shorts whcih have been squeezed out looks like
13:25 Uttam : big drop in OI it has
13:28 Uttam : similar action as yetserday in both
13:28 Uttam : tails at both ends with 0s and a big player
13:29 Munish : @uttam, short from here, NF?
13:30 Tejpreet : 1.5 IB also almost done in NF both ways ….one player needs to give up for NE Fryday close.
13:31 Uttam : R:R not good for a short Munish as SL will be above the hgihs & vwap is just 10 points away
13:31 Munish : Right, makes sense
13:31 Uttam : but yes if we were holding longs from those 0s at lows time to book out
13:32 Uttam : vwap tagged in NF
13:32 Munish : could break through vwap here?
13:32 Uttam : 40k red in BNF at vwap
13:32 Jitender : 310-240…0s trade 🙂
13:32 MJ : Shai has arranged field day of 0’s
13:32 Jitender : kuch to mila
13:32 MJ : right after that evening breakout session.
13:32 Uttam : congo Jit +1
13:33 Uttam : rejection from IBH and test of vwap
13:33 Rajiv Ohri : JIT that 45K at the top in BNF covered.
13:33 Rajiv Ohri : correct?
13:34 Kaustubh : those 0’s are working like magic
13:34 Uttam : @Munish a similar trade in NF would have been to hsort closed to 11410 with 11390 as tgt and 11430 as SL
13:34 Kaustubh : +100 to shai & team
13:34 Uttam : but we need to be very quick in these trades both entry & exit
13:34 Ankush Jain : 11413-11369
13:34 Munish : Right, taht could have been a quick 20 points but required quick commitment
13:35 Uttam : +1 Ankush nice one
13:35 Kaustubh : +1 UG
13:35 Uttam : yes and there you risk is also in balance
13:35 Uttam : 1:1
13:35 Munish : True
13:35 Munish : +1
13:35 Jitender : tx guys
13:35 Jitender : yes Rajiv ..looks like
13:35 Uttam : you mean 11396? – (13:34) Ankush Jain: 11413-11369
13:35 Kaustubh : 3 trades in green done for the day
13:35 Jitender : thin vols so numbers will run haywire
13:35 Rajiv Ohri : Thanks
13:36 Uttam : congo K
13:36 Kaustubh : thnx UG
13:37 Uttam : 22300 had 0s now in BNF n ew ref
13:37 Uttam : 22260 wala 0s negated
13:37 Fenil : +1
13:37 Uttam : change of polarity
13:37 Uttam : as Shai explained yesterday
13:38 Sandeep B : but are the BNF 0’s at 22300 not in the middle, hence continuation there and no end of auction?
13:38 Uttam : yes Sandeep
13:38 Uttam : we got 0s at top indicating end of auction
13:39 Uttam : from where we got a probe to vwap
13:39 Sandeep B : right
13:39 Uttam : and now this 22300 is the ref for the downside probe to continue
13:39 Sandeep B : ok
13:40 Himanshu : 22700 CE – 1224- 103
13:40 Himanshu : Out
13:40 Himanshu : ” set
13:40 Himanshu : 2 Set –
13:41 Himanshu : Friday – UG test of Open in K
13:41 Uttam : Tej has some NE plans so need to check with him which side he is going to put his vols 🙂
13:42 Himanshu : And Jit and Vishnu, Govind , Chief
13:42 Tejpreet : Uttam you know what happens when I type NE !!!
13:42 Himanshu : We have 5 LLTs
13:42 Uttam : lol Tej today can be an exception 😉
13:42 Krantik Bordoloi : Which are the 5 LLTs?
13:42 Tejpreet : Yes Uttam last 4 were failures 🙂
13:43 Uttam : so we have a good chance to win the toss this time 🙂
13:43 Tejpreet : All set
13:43 Himanshu : Haha
13:44 Muralidhar : Do we have any Webinars this Weekend?
13:44 Himanshu : Tej – 120K Red – he may wants neutral or VAL close
13:44 Uttam : we have breakout session every second Thursday Murali and finished one last evening itself
13:45 Uttam : by the way welcome to VT & do go through the training library videos & the links given in the welcome mail over the weekend
13:45 Himanshu : Govind – R u there,
13:45 Uttam : Gov is busy having a nice Friday lunch as festival time after printing his DTs
13:46 Uttam : he will soon be joining the board of RIL
13:46 Himanshu : Somehow, Govind has become complete silent in room – so much busy going to bank again and again..
13:46 Himanshu : Bachho ko Sikhana hai – woh bhul gaya ,,
13:47 Muralidhar : Okay
13:49 Muralidhar : Am unable to see the MP Charts clearly on my Lenovo Laptop, do we need a Larger Monitor for this?
13:49 Tejpreet : as of now nil guys , NE will give ample chance ….do not hurry
13:50 Uttam : +1 Tej
13:50 Govind : Hi Himmy and UG
13:50 Himanshu : Hi Govind
13:51 Govind : no trades since A period
13:51 Himanshu : Am still struggling with – Selling Options only – Low RR – High Risk
13:52 Himanshu : I had to learn – to move to Future, Execution wise – have not grown yet
13:52 Uttam : you plan to give a FA at lows in RIL today Gov to set up the next week in a mota way for Mota?
13:52 Himanshu : So needed your help – as you moved to futures and with better RR trades,
13:52 Govind : Anything is possible with RIL, UG. But my eyes are on HDFCB today
13:53 Uttam : forming a ‘p’ shape there so a spike into the close will be good 😉
13:53 Govind : H, I stopped trading futures man. Only long options and I don’t short as you know
13:53 Himanshu : Ok
13:53 Himanshu : SO long options only – good
13:53 Govind : Yes Uttam
13:54 Himanshu : but then – how manage in Range days – smaller ranges
13:55 Govind : I struggle on those days too as not very good in fading edges. Will have to be content with whatever I can get and turn my attention to RIL or HDFCB if they are giving a better move
13:55 Himanshu : k – so u trade F in them
13:55 Govind : Options there as well
13:55 Himanshu : OKKK
13:56 Himanshu : Hmm – See – I learnt some options of selling Options laos
13:57 Himanshu : UG – that RB bar in BNF – 40 K short is stuck –
14:05 Ankush Jain : 9 minutes to K
14:06 Ankush Jain : BTW chief said yesterday that it could be a flat day on Friday
14:10 Jitender : 254-310 done bnf
14:11 Jitender : sumtn on a boring day
14:11 Jitender : done guys….enjoy yr weekend
14:12 Sadees : jit.. the entry at 22254 is due to the stuck seller there?
14:12 Uttam : 40k stuck in NF na H? – (13:57) Himanshu : UG – that RB bar in BNF – 40 K short is stuck –
14:12 Uttam : oh ok you mean the 1:30 bar
14:13 Uttam : 0s below it
14:13 Jitender : ys Sadees….
14:13 Jitender : P stem…wud hold ….and u had LLt at base
14:14 Jitender : so hence rotation up was poss
14:14 Uttam : K period starts
14:14 Sadees : p stem is the profile pattern jit?
14:14 Jitender : yes
14:14 Sadees : thanks Jit..
14:14 Ankush Jain : vwap almost stright line
14:14 Jitender : wc
14:15 Sadees : like Chief said last night, the LLT # is relative to today’s volume i suppose
14:15 Uttam : OAOR – 3-1-3 profile Ankush
14:15 Ankush Jain : yes
14:15 Ankush Jain : twice in 3 days
14:16 Tejpreet : Jit redbox tweet-RBI DAS SAYS STOCK MARKET WILL CORRECT IN FUTURE
14:16 Jitender : 🙂
14:17 Jitender : tej i saw his entir interview…the redbox thingie is out of context…punjab kesari
14:17 Tejpreet : YES LAST TWEET YOU MENTIONED IT
14:17 Jitender : infact he was more emphatic on assuring bond markets tat he can cut in fut
14:17 Tejpreet : sorry for caps
14:18 Jitender : lot of money in St debt mkts…tat thrives on cut
14:18 Jitender : and inflation abv 6% fr a qtr + …doesnt lv any scope of cut
14:20 Uttam : prominent POC in NF at 11392 today
14:21 Tejpreet : K also fails then NE kela ho jayega 🙂
14:22 Aditya09 : no movement in k as well probably thts the reson shai went early today
14:23 Uttam : it is the other way round A 😉 Shai went early so no movement in K 😉
14:23 Aditya09 : hahah correct
14:23 Sanjiv : UG, can we short below 11,392? thx
14:24 Uttam : fresh short would be on IBL break with OR confrimation Sanjiv
14:24 Sanjiv : or wait for IBL to be taken out?
14:24 Uttam : for now it is a balance so can rotate
14:25 Sanjiv : +1
14:25 Uttam : with a close at the prominent POC as it did today
14:25 Uttam : OF confimration I meant*
14:25 Sanjiv : understood
14:25 Uttam : that will also set u the NE down
14:25 Uttam : long would be above 11407-413 for a NE up
14:26 Uttam : with a SL at vwap plus filter
14:27 Ankush Jain : vwap-filter 🙂
14:28 Uttam : for both short & long SL will be vwap plus a filter in the direction opposite to the trade taken 🙂
14:30 Uttam : 11385 has been defended lot of times in NF since morning
14:35 Uttam : into the final hour of FRYday
14:36 Ankush Jain : Till yet the volumes have been fried
14:37 Uttam : bheja also 😉
14:37 Rajesh G : gov . first they tried HDFCbank, then ICICI, now Axis
14:37 Ankush Jain : 62 lakhs till now
14:37 Rajesh G : gov they are moving Axis now intead of HDFC
14:38 Ankush Jain : the data box in joinme charts is showing some overlapping values
14:38 Uttam : those are the OF numbers
14:38 Uttam : that text box needs to be brought to the front
14:39 Uttam : like it is in the room
14:40 Aditya09 : last 4 mins in k
14:42 Ankush Jain : K is done
14:42 Ankush Jain : Lets see if L is upto something?
14:46 Uttam : BNF at IBH\
14:46 Ankush Jain : must have been the quietest K for some days/weeks
14:47 Ankush Jain : 13 pointer
15:00 Aditya09 : 1 L COT
15:02 Uttam : FA at top confirmed in NF
15:02 Uttam : those 0s did a good job
15:03 Uttam : longs getting out
15:03 Ravi : ATR uttam
15:03 Uttam : lets see if we close below IBL RAvu
15:04 Uttam : Ravi*
15:04 Uttam : most likely close at that prominent POC
15:04 Ravi : _/\_
15:04 Uttam : plus BNG still holding that tail
15:04 Prashant : Which bar is showing the FA at top, Uttam?
15:04 Uttam : I bar
15:05 Amit Jain : 🙂
15:05 Vyom null : uttam FA today at what level?
15:06 Rahul : 11430
15:06 Prashant : Ok. I thought you meant something on the ines of no zeros at the end of bar types.
15:06 Prashant : lines
15:06 Uttam : 11386 ref in NF now
15:06 Uttam : yeh lo
15:10 Uttam : 11369 was that big vol
15:10 Uttam : close below that would be a bit bearish
15:11 Vishnu : below 11374 tht 11430 became fa?
15:11 Uttam : yes Vishnu but 11360 bneeds to be taken out for more conviction
15:12 Vishnu : ok
15:12 Ankush Jain : we are trading below 11377, the level mentioned by SHAI
15:13 Tejpreet : POC of that island profile tested , rejected plus FA at top …Monday gap down Uttam ?
15:13 Uttam : there are no big volumes to suggest a big move Tej
15:14 Tejpreet : matlab nil and enjoy the weekend 🙂
15:14 Uttam : did mentioned in todays report that auction could remain between the 2 HVNS of last 2 days filling up the low vol zxone which is what it has done
15:14 Uttam : would be a hat-trick of NeuD in NF
15:15 Uttam : if we close around the poc
15:16 Uttam : so 11435 / 11395 / 11305 are those HVNs along with a FA at 11360 which failed at top anf now not closing above IBH at lows
15:16 Uttam : interesting expiry week coming up
15:16 Uttam : yes only beers for the weekend 😉
15:17 Himanshu : UG – Roll Overs and if Options values to zero
15:17 Himanshu : volatile week ahead
15:17 Uttam : volatile is good H
15:17 Himanshu : oh yes
15:17 Uttam : narrow range se darr lagta hai ;-p
15:17 Ravi : darr ke aage jeet hai 😉
15:17 Himanshu : Casue this type day put us to sleep duirng the day and suddenly
15:17 Uttam : (15:06) Uttam : 11386 ref in NF now
15:18 Himanshu : they make kill .
15:18 Uttam : (15:04) Uttam : most likely close at that prominent POC
15:18 Uttam : chalo 11395 per
15:18 Himanshu : They may clear 22350 In Gap up on Monday ,,
15:18 Tejpreet : 5 NE jinxed in a row now Uttam
15:19 Uttam : yes Tej 🙂 new record
15:19 Uttam : vaastu not right for NE in Aug
15:19 Uttam : lets get some vaastu pooja done
15:19 Ankush Jain : 0s ka dosh chall raha
15:20 Uttam : the 0s were once again the heros today
15:20 Ankush Jain : 3 times
15:20 Uttam : gave a nice trade in both 11400ce as well as pe though did not take the PE one as I waa biased long
15:20 Uttam : 11385.8 high – (15:17) Uttam : (15:06) Uttam : 11386 ref in NF now
15:21 Ankush Jain : spot on UG
15:21 MJ : UG triple bumps in weekly 🙂
15:21 Uttam : both reducing OI so writers also do not want to carry much risk
15:21 MJ : With 11466 and 11430 FA.
15:21 MJ : next week majja should happen.
15:21 Uttam : yes MJ hatrick of Neutral days with prominent HVNs
15:22 Uttam : not really if we remain in this range these 3 HVNs will keep whipping us up & down
15:22 MJ : 11430 FA can be taken? lows of day yet to be breached.
15:22 Uttam : IBL was breached but not sustaining below it
15:22 MJ : keep those dukan ready, enough silence. 🙂
15:23 Uttam : so Monday if we get accepted above 11414 or bhelow 11374 we can take that FA accodrdinfgly
15:23 Tejpreet : +1
15:23 MJ : Ah multiday FA.
15:23 MJ : Thanks UG.
15:23 MJ : Bye everyone. Have a nice weekend.
15:23 Uttam : bias stil on upside as that 11360 is also a failed FA
15:23 Uttam : and we did not tag that today
15:24 Uttam : BNF will be the mover next week looks like
15:25 Uttam : 69 pointer in NF today
15:25 Uttam : so move to aana hi hai on Monday ;-p
15:26 Sandeep B : bias on the upside?
15:26 Uttam : if we open and stay above 11413
15:26 Sandeep B : ok
15:26 Aditya09 : hopefully very boaring today
15:27 Uttam : today’s big numbers came at 11369 & 11413
15:28 Uttam : 11400 combo also closing at lows
15:28 Uttam : 165
15:28 Uttam : VIX down 4%
15:29 Tejpreet : Bye All.
15:29 Uttam : thanks All 🙂 have a lovely weekend
15:29 Sandeep B : Have a great weekend everyone
15:29 Aditya09 : bye all
15:33 Himanshu : Bye all