OrderFlow charts – 30 min duration of the Nifty and the BankNifty May Futures showing the Buy side and the sell side imbalances
09:04 Vtrender Live : (09:03) Vtrender Live: 30 min charts – https://global.gotomeeting.com/join/413390501
(09:04) Vtrender Live: option charts – https://join.me/492-891-667
09:07 Shai : (09:07) Shai : https://vtrender.com/evening-marketprofile-report-dated-22nd-may/
09:26 Shai : (09:26) Shai : INtra : short BankNifty below 25725 sl of 25795 tgt 25613.
09:51 Shai : (09:51) Shai : Update : cose the 10500 ce at 69 here
10:20 Shai : (10:19) Shai : BNF shorts in
10:23 Shai : (10:22) Shai : Update : exit the BNF shorts at cost here 25725-730
11:06 Shai : (11:06) Shai : Intra : Buy BankNifty 25765 sl of 25705 tgt 25840/ 25890.
11:55 Shai : (11:55) Shai : BF 25805. Book haf and ride the rest with TSL at cost
12:09 Shai : (12:09) Shai : BNF book fully 25825- 830
13:54 Shai : (13:54) Shai : Intra : short Nifty 10462 s of 10490 tgt 10416
14:26 Shai : (14:26) Shai : Update : Book the NF short at 10455 here. Aggressive traders can hold with Sl of 10472 till close
15:04 Shai : (15:03) Shai : STBT : Sell BankNifty for tom open 25655-660 sl of 25790 tgt 25520.
15:10 Shai : (15:10) Shai : BNF STBT traders book 25620 here. We won\’t carry
15:13 Shai : (15:13) Shai : IF anyone was carrying Nifty intra short for 10416 book here
09:03 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/413390501
09:04 Vtrender Live : option charts – https://join.me/492-891-667
09:04 janak : gm all. again a flat / red open and then drive down?
09:05 Kathir : GM Shai all
09:06 Shai : GM all
09:07 Shai : https://vtrender.com/evening-marketprofile-report-dated-22nd-may/
09:07 janak : US mkt showed weakness last night after many days
09:08 TP : GM All.
09:10 Uttam : Good Morning All 🙂
09:11 Praneeth : Good morning all
09:11 Jatin : gm everyone
09:11 HK : GM Shai, Friends
09:12 Shai : Normal day yesterday
09:13 Shai : weak if it stays below 10550 at open but needs to break 10517-507 for more weakness
09:13 Mihir : GM All
09:13 Shai : long bias into play if we stay above 10550/ 24860 for about 30 mins
09:18 HK : Jit, Tej, Cash still not credited to my Upstox account, FYI
09:19 HK : 48 hrs now
09:19 TP : BN 256 k call having zero premium at 210 spot 810.
09:19 TP : that is bad HK have you tried tweeting screenshots.
09:20 HK : I have been tweeting for 2 days, not even one response
09:20 HK : me thinks some fraud going on
09:25 Jatin : such things can happen only if they are stuck with bad debts which creates cash flow problems or if they themselves have lost money on prop account
09:26 Shai : INtra : short BankNifty below 25725 sl of 25795 tgt 25613.
09:26 Shai : short below only*
09:26 Shai : 3 day range lows now – we want to see if sellers come back below that b of Monday
09:33 TP : 730 still holding for BN.
09:34 Shai : yes
09:34 Shai : BNF wants 840
09:35 Jatin : bnf outperforming nf
09:35 TP : SBIN helping Bn.
09:36 Mihir : Quick 50 here in BNF.. trailing now
09:37 TP : +1
09:37 Shai : +1
09:37 Uttam : green box at lows in BNF & green band in NF
09:40 Uttam : BNF res again at 25810
09:41 Uttam : 26000ce getting a green band
09:42 janak : i have a feeling that tom’s expiry move wil be played out today. BNF goes to 25500
09:42 janak : NF to 10440
09:43 Santosh : Shai 10500CE at SL
09:43 Uttam : morning green band gone in NF
09:43 Santosh : NF
09:44 Uttam : BNF repaired yesterday’s poor low but still below yPOC
09:44 Shai : Watching that 10700 ce
09:45 Shai : NF at yesterday lows
09:45 Shai : Positionals are not traded tick by tick
09:45 Shai : But we will exit if day lows go
09:45 Santosh : ok 10500ce*
09:45 Shai : 10500*
09:46 Shai : Both weak here below 10550/ 25840
09:46 Shai : let’s see if the seller can push the auction below pdl
09:46 Santosh : ok
09:51 Shai : Update : cose the 10500 ce at 69 here
09:56 Shai : sbi keeping BNF up
10:00 HK : These guys are notgonna stop until 430-50, till then it buys are at risk
10:02 Shai : A market unable to boucne 50 points after a 400 point drop is not healthy
10:04 TP : +1 …all these 1L greens unable to produce any bounce in last few days.
10:04 Chetan Shenoy : today FED minutes
10:06 Jatin : trump was at it again ydy
10:07 janak : 10500 shd produce some bounce up shai? 30-40 pts
10:08 TP : NF new lows bn still holding.
10:08 Uttam : NF into the singles of 10498-10478
10:10 Uttam : 25810 & 25740 one has to break & sustain in BNF
10:10 TP : Shai wats at 10482(+1)
10:10 Uttam : 10485 is a vpoc Tej
10:11 Uttam : below that 10440 is a weekly vpoc
10:11 Uttam : (10:08) Uttam : NF into the singles of 10498-10478…almost done
10:12 Praneeth : +1
10:12 Praneeth : PDD in bnf
10:12 Mihir : Shai, is NF also OD but without big volumes
10:14 Ankush : gm all…
10:14 Ankush : bnf all about sbi today seems
10:14 Shai : open auction in range Mihir
10:14 Mihir : 1L buyer
10:14 Mihir : ok Thanks Shai
10:14 Praneeth : pink band in bnf
10:15 Shai : one more tussle at that supp band
10:15 Shai : BNF
10:16 Uttam : exact 100 point IB in BNF
10:16 Uttam : so chance of a triple century there 😉
10:17 Praneeth : shai, NF above vwap would tag 10551?
10:18 Santhanam : Shai how is 10600 CE looking?
10:18 HK : we have been seeing huge number of green bands in NF 30 mins in the last 3 session and none of them suceeded. POint to note
10:19 Shai : @Santhanam high risk now
10:19 Shai : BNF shorts in
10:19 Santhanam : thanks
10:22 Jitender : Gm Shai, Folks 🙂
10:22 Shai : Update : exit the BNF shorts at cost here 25725-730
10:29 TP : Uttam can you check on the vwap for 104/105 ce vwap for the series.
10:35 Kathir : @ jit gm. we saw you and closed shorts imedly 🙂
10:39 Mihir : Shai these bands are amazing. 2nd trade since morning. Thanks Chief!
10:39 TP : Probabale FA in BNF needs confirmation.
10:43 Ankush : poor lows in nf?
10:43 Azmath : HK: I received my funds from Upstox.
10:44 Mihir : Gm Jit 🙂 Are you taking bnf high? 😉
10:48 Jitender : Kathir, Mihir 🙂
10:49 HK : Thanks for the info Azmath, I have been fighting with these folks still. One few days, am in the process of opening a account with Tradejini and moving out
10:50 janak : diconnect betn both index – when nf goes down, bnf does not move
10:53 Davis : (10:50) janak : diconnect betn both index – when nf goes down, bnf does not move…it’s bcoz of the 60 lakhs oi in the nifty 10500 put. not easy to sustain below 10500 in the live market
10:53 HK : Thx for the RT Jit
10:54 Davis : if no big gap down means no more big down in the whole day
10:54 Davis : those writers can be thrown out only by a big gap down
10:57 Shai : no premium in both indices
10:57 Shai : BN at a discount
10:58 Shai : that option tree in BN is influencing pricing here for tom
10:58 Davis : Shai any big buying happened in USDINR future just now?
10:58 Jitender : wc HK
10:58 Shai : NO Davis
10:58 Shai : 68.33 supply
10:59 Davis : oh..
10:59 Davis : how much reds?
10:59 Davis : 60K?
11:02 Shai : 68,20 slightly less but yes net buyin
11:02 Shai : 68.33 indentified supply
11:02 Davis : ok thanks Shai
11:06 Shai : Intra : Buy BankNifty 25765 sl of 25705 tgt 25840/ 25890.
11:07 Shai : with a sl at these lows below the green bands looking for it to test that 25840 zone again
11:09 Uttam : looks like got some sellers at vwap BNF
11:10 Uttam : yes probable FA at lows in BNF & abv 25811 can do 25960 (1atr)
11:14 Uttam : today’s IBH is also prev week low
11:14 Uttam : in BNF
11:20 Kathir : ty uttam
11:21 janak : shai 10500 in NF is DPOC?
11:22 janak : looks like heavy selling at 10500 – NF is weak today
11:22 janak : 450 / 420 on?
11:23 Shai : yes vwap+ dpoc
11:23 Shai : BNF on other planet today
11:23 Shai : strog responsive Buying
11:23 Shai : abv vwap now
11:23 janak : bnf will fall sharply
11:24 Shai : it should but it is not going below 730 for 3 days now
11:24 janak : yeah and today is the day. expiry move will come
11:26 janak : atleast 25600 shd come
11:29 Kathir : bring it janak.
11:30 Kathir : take bnf below 700-690 rest will happen automaticallly
11:32 Shai : without sbi up 5% it would have been done
11:32 Shai : sbi. bob and icici holding BNF up
11:32 Kathir : more loss in results ..more upside you get
11:33 Shai : 🙂
11:34 HK : Kathir in full form 🙂
11:35 Santosh : news is going on that around 83000cr defaults paid to bank by companies
11:35 Kathir : 🙂
11:35 Kathir : ok santosh
11:36 Santosh : sbi has high %, so its this moving it up
11:36 Shai : any source Santosh?
11:36 Santosh : its in TOI
11:37 Shai : ok
11:37 Santosh : owners settle rs 83k cr bandk dues
11:37 Santosh : bank*
11:37 Mihir : https://m.timesofindia.com/business/india-business/owners-settle-rs-83k-crore-bank-dues/amp_articleshow/64279946.cms
11:37 janak : it is just an FII/Counter guys move in SBI
11:38 HK : SBI was the biggest beneficiary of Bhushan steel resolutions
11:38 HK : PSU banks can drop more here
11:43 Shai : NF moving to 10520
11:55 Shai : BF 25805. Book haf and ride the rest with TSL at cost
11:55 HK : b developing in NF Shai?
11:56 Shai : yes
11:56 HK : Then it is gonna be boring day there with dpoc at 10498
11:56 Shai : BNF about to get the first RE after the results day
11:57 Shai : last wed it had 1
11:57 Shai : today is wed
11:58 Santhanam : what is RE shai…. newbie here
11:58 Shai : Range extension
11:58 Shai : upper RE is the ref
11:58 Mihir : Shai 2ib doable in bnf?
11:58 Santhanam : ok thanks
11:59 Shai : yes doable
11:59 Mihir : Trailing part.
12:05 Umang : Shai is long and Janak is short 🙂
12:07 Shai : 10522- (11:43) Shai : NF moving to 10520
12:08 Shai : done1 – (11:07) Shai : with a sl at these lows below the green bands looking for it to test that 25840 zone again
12:08 Jitender : +1
12:08 Kathir : +1
12:08 Uttam : +1 Shai
12:08 Uttam : FA confirmed in BNF
12:09 Uttam : plus 80% on too
12:09 Shai : BNF book fully 25825- 830
12:10 RK : GA Shai and all
12:11 RK : script was for double side move today..already getting signs here..
12:11 Umang : shai why we booked bn
12:11 Santosh : GA RK
12:11 Umang : bnf
12:12 Uttam : FA at lows in BNF RK
12:12 RK : yes
12:12 RK : and dont forget to take PEs at highs for settlement as we are yet to have secured low 🙂
12:12 Uttam : NF also tagged that vpoc of 10485 & now above pday lows
12:13 Shai : pink band + 840 poc – (12:11) Umang : shai why we booked bn
12:13 Shai : if it survives abv 840 we will review
12:13 Umang : k
12:13 RK : as of now this is done..now need balance to probe further down..// RK : for me below 680 destination trade is probe into 16th Apr profile// // RK : 10495 vwap of that slow trend day//
12:14 Shai : +1 RK
12:14 Shai : I do remember this
12:14 Shai : nice 1
12:14 Uttam : yes RK +1
12:14 RK : I marked them in a red letters dont shake out due to noise till we tag 10490 🙂
12:15 RK : thanks Shai
12:16 RK : today C and D failed to make extn..G to decide now
12:17 Mihir : RK Good afternoon. Day playing out as per your tweet 🙂
12:18 RK : Mihir expectation was 80% upside first then breakdown later..but then mkts take different route always
12:18 RK : 10526 yday PBL..lets see what they do if we scale above
12:19 Santosh : yes they took out our ce long
12:19 RK : morning swing high and the current one holding below this 10526
12:19 RK : above that buyers will be more enthu for some time
12:20 RK : now we have probed open of the day..another probe means sellers are weak for the day..any convictional market should not allow repeated probe of price back to open price..only weak hands allow that to happen
12:22 Mihir : Means above today’s open we can see some nice uptick. Also the 52650 guy there hovering around. Looks like new biz.
12:22 Mihir : Plus 95k at 480ish levels.
12:22 Santosh : so u mean above IBH will get an extension till pd poc
12:23 Santosh : RK*
12:23 Shai : 10526 needs to be take out
12:23 RK : Santosh above 10526 we would try to extend IBH..then action shifs to IBH to decide
12:23 Santosh : Shai whats diff bet extension and tail
12:24 Santosh : RK got that 10526 then 10539 above boom
12:24 RK : tail means singles at extremes..extn means singles when price moves out of balance during the day
12:26 Santosh : now whats extremes and when price moves out of balance (seems thin line)
12:26 Santosh : do u mean tail means singles at extreme but within IB
12:27 Santosh : & extension is singles out of IB
12:28 RK : dont bring in IB into this context..we may for example extend down from 10480 to 10440..then you have bounce from 10440 to 10460 and no balance in that 460-440 and move above 460 means you will see singles at day extreme..so that becomes tail
12:29 RK : if we break for example 10540 to 10550 and then form balance 550-565 and extend further means you will see two balance one below 540 and one above 550 with singles between 540-550 that becomes extn handle
12:31 Jitender : if bnf holds up..nf ready to sprint
12:32 Mihir : +1 Jit
12:33 Santosh : ok..grasping…tail…no IB in context…ok tail shows one 30min time frame at the day extreme either side
12:34 Snehil : last week you said that ,you will take webinar this week , are you gonna take it?
12:34 Santosh : extension will form B kind of flow wherein between will be single time frame
12:36 Santosh : got it RK. tail extends extreme sides wherein extension joints two balance
12:36 Santosh : Thanks RK
12:37 RK : yes
12:37 Davis : Shai please let us know if any big selling comes in USDINR future
12:38 TP : still the same call following F price rather than spot…………..(09:19) TP : BN 256 k call having zero premium at 210 spot 810.
12:38 RK : tail means tail at end of body..extn means assume two water vessels connected by a pipe and hangs both sides of pipe.when water from a vessel to pipe means will flow into other vessel..price back to extn handle from one balance means will get filled in other balance 🙂
12:38 janak : FA low is confirmed? then bnf will do 25700 again and below
12:39 TP : RK your explanations are +100 🙂
12:40 Santosh : Yes TP includes values, logic & visualization…bang on
12:40 RK : Tej 🙂
12:40 Mihir : +1 TP. Full storyboarding he does.
12:41 RK : poor students has to visualise everything to keep things intact going forward..my that category 🙂
12:41 Azmath : +1 TP
12:41 RK : *have to
12:42 Santosh : RK whats tail signifies…when i see a tail what the decoding
12:42 Santosh : what it decodes*
12:43 Santosh : i got that extension is a bridge to go from this balance to that balance
12:43 RK : tail suggests entry of responsive player who can dictate reversal
12:43 RK : tail after probe of auction down means responsive and tail at start of auction means initiative
12:43 TP : Can we complete this now ….Below 10508 drop extends to 10477/ 10463
12:44 RK : both suggests they can have control as long as tail holds
12:44 RK : when you see price auctioning back in tail means they are no more in control and smthing is changed and reversal possible
12:48 Jitender : cabinet clrs IBC ordinance
12:49 Santosh : ok RK. Great… Thanks
12:49 Mihir : Shai, Price jumping from MB is a visual delight 🙂
12:51 Shai : 🙂
12:51 RK : 10500-10520 decider for some 30-40 point move today
12:52 Jitender : watch bnf (12:48) Jitender : cabinet clrs IBC ordinance
12:53 RK : whats that ordinance?
12:53 Jitender : not clr…but cud be good fr banks as per cartoon tv
12:54 Jitender : homeowners to be also treated as financial creditors
12:54 RK : ok
12:55 Jitender : reaction to be weighed in only for the next 5-10mins
12:55 Jitender : else bck to mkt dynamics
12:56 Jitender : spx -12
12:57 Uttam : probable FA in BNF at highs also today
12:57 Uttam : 25760 hvn in bnf today so below that BNF gets weak
12:58 Uttam : vwap also around there
13:03 TP : Cabinet briefing by Piyush goyal at 3 pm.
13:04 Umang : Shai what is thie yellow horizontal line on the market profile chart.it keeps moving
13:06 Shai : current price marker
13:11 HK : @Shai, we used to open positionals in the alert tab in the morning, can that be brought back, like post the open positionals in the alert tab
13:17 Shai : ok can be done
13:17 Shai : It’s posted in the positionals every evening on Slack
13:17 HK : Yes Shai, it helps when we have mulitple positions across instruments during live mkts
13:17 HK : Thanks in advance
13:17 Mihir : TP: Looks like bnf guys have some piece of info about the meeting.
13:18 TP : could be even PSU banks on a high.
13:19 Mihir : Yes, Bank fo stocks seen some good buying since morning.
13:21 TP : Shai views on 105k combo at 125.
13:22 Shai : 10420- 10630 broad area of balance till settlement
13:23 Shai : double the CE if we suatin below 10480 spot as that can pull 10420 and 10360 also
13:23 RK : yes that would lead to the climax move for the week
13:24 TP : My extrem v range was 360 -680 before expiry and combo should hit 175.
13:24 RK : I thnk today is perfect day to initiate that Tej
13:25 TP : you mean long at 125.
13:25 RK : yes
13:25 RK : next two days we may see hitting one extreme
13:26 TP : +1
13:26 Uttam : and both CE/PE are almost same price
13:26 Uttam : 63.5/63.6
13:26 RK : and Vix also in favor right?
13:26 RK : not checked Vix
13:26 TP : vix slightly high 13.42
13:26 RK : ok
13:27 TP : in case of 360 should move higher but in case of rise will go down to 12.
13:27 Shai : both are bing written past 3 days
13:27 janak : no charts?
13:27 Shai : I was suggesting a write with aadded protection of 2X 10500 ce in case 1048 breaks
13:27 TP : i got that chief.
13:29 TP : I think moving with the OF can play around with long also.
13:32 Jitender : test
13:32 TP : pass
13:32 Uttam : NF repairing poor low
13:32 Jitender : 🙂
13:34 Jitender : yday had remarked abt 26ce being a low handing fruit…it was 66..now 18
13:35 Uttam : +1 Jit
13:38 janak : test
13:38 janak : no charts
13:38 Uttam : charts are there Janak
13:38 Kathir : ok here
13:43 Jitender : spx -15
13:44 TP : 477 done .(12:43) TP : Can we complete this now ….Below 10508 drop extends to 10477/ 10463
13:44 Jitender : +1
13:45 Jitender : n 2x here..after a late start
13:45 Uttam : nice Tej 🙂 it is also the lower band in NF
13:45 TP : +1
13:45 Uttam : congrats to both of you
13:45 Jitender : cheers bro
13:46 TP : did 3x by 85 trades ..could have done the same in 9 RK style (patiently).
13:46 Mihir : Congrats Jit, TP and Uttam 🙂
13:46 RK : 30 done (12:51) RK : 10500-10520 decider for some 30-40 point move today
13:46 Jitender : tx M & congrats 2 u also
13:47 TP : See there he goes +1 rk.
13:47 Uttam : (12:57) Uttam : 25760 hvn in bnf today so below that BNF gets weak
13:48 Mihir : That 730 in bnf is some sort of boulder.
13:48 Uttam : NF tags another vpoc of 10470 too
13:48 TP : will go via gap then I guess….that 730.
13:49 RK : now 490-495 should hold
13:49 Mihir : 18 pts away from 10450 tweet of Varun.
13:51 Uttam : reds in BNF
13:52 Uttam : FA at top in BNF aboout to get confirmed
13:53 Uttam : 33k buyer in BNF at lows
13:53 Uttam : FA confrimed at 25840
13:53 TP : 34k buyer defending 680 in bn ……Break below 25680 can bring 25590/ 25530 quickly
13:54 Uttam : +1 Tej 1atr from 25840 at 25580
13:54 Santosh : BNF break 25730
13:54 Shai : Intra : short Nifty 10462 s of 10490 tgt 10416
13:54 Mihir : +1 santosh. Was waiting there 🙂
13:54 Jitender : hallelujah Tej
13:56 RK : 455 done and dusted
13:56 RK : for me I mean
13:56 Mihir : Kudos RK!
13:56 Jitender : abhi picture baki hai mere dost
13:56 RK : 420 staying below 490
13:57 RK : we are in 12th profile now and destinatio is 420
13:58 Jitender : theese bands r grt place to take/book positions
13:59 TP : already giving 30 in bn.
13:59 Mihir : I have been band watching since I joined the room 🙂
13:59 Jitender : me 2 🙂
13:59 Mihir : Loving them.
13:59 TP : also look at the imbalance in the green bands.
14:00 Mihir : Yes TP. Asked Jit. Bigger the imbalance better reward.
14:00 Jitender : wats with spx -19
14:00 Jitender : Kim & Italy
14:01 Mihir : Nikkei cracked good.
14:02 janak : shai expiry sell offf came finally – not so much in bnf (although 150 from 840
14:03 Shai : Yes Janak you get your way 🙂
14:03 Uttam : nice Janak 🙂
14:03 Shai : I really don’t know who these chaps are defending BNF around 25700-730
14:03 janak : i shorted NF 10400CE and made a few
14:03 Shai : +1
14:03 janak : now in ur short call
14:04 Shai : contine the statement …few (lakhs) (crores)…
14:04 Ankush : maybe a thud coming..
14:04 janak : he he – for me even 1k daily is good man
14:04 janak : 😉
14:05 Shai : We are tradinh the short in NF for 2IB and a touch of that vwap of April series
14:07 Santosh : volume in NF in this time frame is 11lac+
14:08 Kathir : BN spot not giving up
14:09 Jitender : Janak is back & in style 🙂
14:09 Santosh : 3 times vol in BNF
14:10 Santosh : BNF near 25730 again
14:10 Santosh : omg
14:10 HK : SAR
14:10 janak : still not even 2.30! so ideally the no. 10439 (100 down from day high) shd come once
14:10 HK : taken longs here
14:13 Santosh : Responsive buyers were strong
14:14 janak : HK shai has given a short call!
14:14 RK : NF OF is too densed with sellers below 10480..so any long is advisable above 480 for a brutal SC
14:15 Uttam : 10480 is also today’s ext handle
14:15 RK : thats why said holding 490 we may extend till 420
14:15 Shai : see f he lonhs liquidate BNF 25740
14:15 Shai : watch for pinks
14:16 janak : actually NF calls are easier to trade with. For BNF, i follow shai
14:18 RK : break 453 could be a thud
14:20 Jitender : usdinr abv 68.33
14:21 Jitender : Davis..milking it 🙂
14:21 Jitender : Rbi shld b around the crnr
14:22 janak : good one shai already did two rounds around 455-450 zone
14:25 Jitender : a neat 100 by Uttam from yday 12:53) Jitender : Uttam still tere with a bat (12:45) Jitender : 10554..Uttam’s yday ext handle
14:25 Uttam : lol Jit 🙂
14:26 Jitender : seriuos money & batting man..keep it up
14:26 Shai : Update : Book the NF short at 10455 here. Aggressive traders can hold with Sl of 10472 till close
14:27 Shai : conservatives close
14:27 Shai : bounce may come to 10480
14:27 TP : vol dead at the lows.
14:28 Shai : we won’t have time for new lows if that bounce comes
14:31 janak : no shai 2.30 will be a dipper
14:32 janak : anyway i booked around 445 – thnx shai
14:35 RK : NF 5th day of IBH holding and doing 1 ATR move down
14:35 RK : as the scheme is revealed now hope they change the pattern tmw 🙂
14:35 janak : looking at US down – tonight shd be bloodbath in globe mkts
14:35 janak : so we can carry
14:37 TP : another combo to watch out for bn 257k currently 166 …in case of dip ce/pe around 75 each.
14:38 Davis : whatever blood bath.. now a days put buyers are more unsafe than beef buyers
14:39 Santosh : Rk we got extension today and the below balance is getting filled now…right?
14:39 RK : yes
14:39 Santosh : Thanks 🙂 learning in action
14:40 RK : so when you are sure about trend use the rotation high closer to extn to short with stops at head of extn or slightly inside upper balance..
14:40 RK : for example now 470 kinda zone is short when touches first time with stops above 485
14:41 RK : so when rotation takes place you will get move back to 450 to fill lower balance which will give you neat 20
14:41 Santosh : ok
14:41 RK : but one need to be quick to take such trades..in any setup the first touch is a trade second touch is 50:50 third touch is mostly loser
14:42 Santosh : great….watching it happening…learning not trading
14:42 Ankush : rk expiry can take bnf lower tomorrow?
14:42 Ankush : any targets if it opens below todays low?
14:42 RK : today extn is late..when extn happens mid of the day then you can approach the way I explained
14:42 RK : BNf am having no levels Ankush..pls check with Shai..
14:43 RK : NF for me 10420-400 ends one larger probe..then below 385 next leg starts towards 220 kind
14:43 Ankush : ok
14:43 Ankush : thanks
14:43 RK : so better to have balance to gauge better further
14:44 Shai : 25550-(14:42) Ankush : any targets if it opens below todays low?
14:47 Shai : aggressive short in BNF for a 25585 close sl of 25745 cmp 25685
14:47 Santosh : BNF in discount of 80 points to spot…
14:48 Shai : structure and plr lower but absorption coming
14:48 Shai : only high risk traders trade
14:48 Shai : we will get better opp tom
14:48 Shai : BNF short if for a neutral extreme clsoe
14:48 RK : yes this spike in Nf could be retraced
14:49 RK : poc still at 10500
14:50 Jitender : Tej score ?
14:50 TP : almost4
14:51 Jitender : +1…..4.13 here
14:51 TP : but am not taking any large trades now …not a good place to trade.
14:51 Jitender : cool
14:54 janak : 25500pe at 20 considering a possibility of gap down tom is good?
14:55 janak : shai 25800 cd at 133! an easy catch for writing for tom open?
14:55 janak : ce
14:56 HK : 10437 was the extn handl in April and it stopped there
14:57 Jitender : AG askn for carryn shorts
14:57 HK : @janak mine was swing longs, not intra
14:58 TP : Sell in MAY fellows sending msgs of expiry below 10k ….buggers were hibernating when we hit 109k 🙂
14:58 Jitender : last 3 years May has been green
15:00 TP : yes infact May is mostly green .
15:00 Jitender : Nest wrkn
15:00 Jitender : ?
15:00 TP : no conked off 5 min back.
15:00 Jitender : isnt even reloading
15:01 HK : no NEST gobe
15:01 janak : looks bnf may open below 25500
15:02 TP : you need to close it via task manager and try again.
15:02 Jitender : done it 3 times
15:02 TP : or switch to mobile or web.
15:02 Jitender : yh
15:02 Jitender : Shai..spx lvls pls if poss
15:03 Uttam : 25637 is weekly vpoc in BNF so that looks like will get tagged just like the NF 10440 did today
15:04 Jitender : (15:03) Shai : STBT : Sell BankNifty for tom open 25655-660 sl of 25790 tgt 25520.
15:04 Shai : Thanks Jit
15:04 Jitender : wc
15:06 RK : 429 out (13:56) RK : 420 staying below 490
15:06 Jitender : hallelujah.. a 5er day
15:07 Jitender : Janak ..todays fall is courtesy spx….& spx has a habit of reversing overnite inventory
15:07 Jitender : todays fall here
15:08 RK : below 420 carnage
15:08 TP : 31b or 360 RK 🙂
15:08 RK : better hold 416-420 for the day
15:08 janak : shai nf did 419 ur original tgt 418
15:09 Uttam : BNF going for that 25580 1atr from 25840
15:09 RK : 384 Tej
15:09 TP : +1
15:10 janak : i think 10400 pe can be carried?
15:10 Shai : BNF STBT traders book 25620 here. We won’t carry
15:11 Kunal : WHY
15:11 Kunal : WHAT HAPP
15:11 Shai : Can carry smae SL but move is tentative here
15:11 Uttam : green band in BNF & Neutral extreme most of the time does not give a follow thru at open
15:12 Shai : this last part of the move should get replaced
15:12 Jitender : ys 8% followup on NE close at extremes
15:12 Shai : yes NE also
15:13 Shai : IF anyone was carrying Nifty intra short for 10416 book here
15:13 Mihir : Awesome Shai, Intra : short Nifty 10462 s of 10490 tgt 10416
15:13 Mihir : booked here
15:13 Jitender : Congrats Mihir
15:13 Jitender : save a part of today’s earnings for treating us 🙂
15:14 Mihir : 🙂 Sure
15:14 RK : Shai is getting his 550 in last over
15:14 Shai : Congrats Mihir
15:14 RK : *25500
15:14 Mihir : Jit: baby trader here. 2 lot player. But treats are treats. Ajao Bombay.
15:15 RK : (14:44) Shai : 25550-(14:42) Ankush : any targets if it opens below todays low?
15:15 Mihir : Thanks Shai.. super call it was
15:16 janak : shai 25500 pe for a gap down does not look good?
15:16 Uttam : BNF almost compelted 1atr from 25840, missed by 10 points
15:16 Mihir : Shai, we did 2ib in BNF. Though other side 🙂
15:16 Shai : gap down chances reduced Jank and hence closed
15:17 janak : ok
15:17 Santosh : green band in NF & BNF both
15:17 Davis : shai..usdinr above 68.40 can we go long againg in calls
15:17 Shai : Guys we have hit vwap of April series
15:17 Davis : 68.75 call
15:17 janak : yeah better expiry so may be flat also
15:17 Shai : would expect bulls to show up here and put up a fight
15:18 Santhanam : +1 shai
15:18 Shai : drop is 500 points with vwap as a strong base
15:18 Shai : don’t be aggressively short
15:18 RK : Tej bots read our 416 🙂
15:19 TP : yes and 550.
15:19 Shai : Falll below 10460 was not convicing for me
15:19 Shai : hence pulled out
15:20 Santosh : valid point here Shai (10:02) Shai : A market unable to boucne 50 points after a 400 point drop is not healthy
15:20 Shai : visible in the NF structure as anolmailes
15:20 Chetan Shenoy : Shai.. longs at 416 can e carried?
15:20 Chetan Shenoy : be*
15:20 Shai : No conf for a long here
15:20 Shai : except a sentiment
15:20 Chetan Shenoy : ok.. got it. tks
15:21 Kunal : I WANT TO FIND TRADE SETUPS IN BNF THAT COMES FOR 200+ POINTS STRIAGHT
15:21 Kunal : SHAI
15:22 Kunal : HOW TO DO THAT WITHOUT FEAR
15:22 Uttam : looks like BNF wants to complete 1atr fully 25580
15:22 TP : Kunal kindly refrain from using caps.
15:22 Kunal : ok
15:22 Uttam : and done
15:23 TP : tks Kunal 🙂
15:23 Kunal : 🙂
15:24 Uttam : 25660 ext handle in BNF
15:24 Kunal : guys anyone can assist me ?
15:24 Uttam : if we do not get above 25660 tom then BNF headed to 2atr of 25325
15:24 Azmath : Shai: Big green here. 30 min?
15:25 RK : Kunal no one can assure sure shot 200 point trade..only way to do is hit all trades without fear
15:25 Shai : Market is doing 140 points how can you get 200?
15:25 Kunal : not in a day
15:25 Kunal : positional
15:25 RK : If you want to follow posnl then hit all posnl trades without fear with risk under control as explained in a welcome kit and am sure you will get better results in a short term
15:25 Santosh : shai can be a trend up to april POC 10550 from vwap april
15:25 Kunal : am not very comfortable in doing intra
15:26 Santosh : Shai in NF
15:26 RK : then avoid intra and do only posnl..am sure you will make your account size bigger..just ensure you follow risk plan
15:26 RK : dont tune size based on guts or smthing..keep them consistent so that you can attend all trades without fear
15:26 Shai : No santosh NF needs to perform abv 10470 F first
15:27 Uttam : +1 RK
15:27 Santosh : ok the extension
15:27 RK : Shai POC ocmes down?
15:27 RK : *comes
15:27 janak : BNF being sold heavily at the close
15:27 Shai : yes 10424
15:27 RK : oh my 🙂
15:28 RK : lot of greens
15:28 Uttam : good buying that means RK or shorts have covered?
15:28 RK : I think they pulled poc down
15:28 Shai : lots of volume at 10425 and 10465
15:28 Uttam : POC shifting lower?
15:28 RK : yes Uttam could be shorts closing
15:28 Uttam : +1
15:28 Umang : Shai what is PDD ad LLT o delta chart
15:28 RK : delta net still red
15:28 RK : in last 2 bars
15:28 RK : 30mins
15:28 Jitender : bye all
15:29 Uttam : thanks All 🙂 have a lovely evening
15:29 TP : Bye All.
15:30 Mihir : bye all..
15:30 Shai : Bye all
15:30 Shai : Have a nice evening
15:31 Ankush : bye all
09:20 Jatin : sbi looks like od
09:48 TP : Jatin 7 to 10 done in 260 call …tks for the alert.
09:58 Jatin : COOL
10:00 Jatin : dlf seems orr
10:51 Mihir : Sbi has been red hot in last 2 days.
11:24 Gaurav : Shai, fresh buying in mindtree?
11:24 Shai : yes mindtree buyers + shorts closed out
11:25 Shai : 1040 hard stop
11:25 HK : @Shai, do you see some seling in Jet airways ID
11:26 Uttam : yep
12:08 Gaurav : Shai Kotak bank can be shorted here for 1200?
12:08 Gaurav : Positional
12:10 Shai : slight bit of proile booking in jet
12:10 Shai : nothing major . 423 intra supp
12:11 Shai : Kotak good pick . techncal move below 1270 closing is to 1156 actually
12:11 Shai : can do 1228/ 1216 in next 2- 3 sessions
12:12 Shai : sl 1275 closing
12:13 Gaurav : Thanks Shai
12:18 HK : Shai, is there fresh selling in Jet airways ID
12:26 Jatin : shai watch out for pnb,can give good move
12:28 Shai : No Jet vols dipping
12:28 Shai : ok Jatin
12:29 Shai : pnb steady abv 80
12:29 Shai : atmt is to 86.6 ad 90 as long as 80 holds
12:29 HK : Shai, please review glenmark swing, seems to buyers got in today,
13:37 Gaurav : Shai can look to sell Cummins future too positional for 670?
14:19 Uttam : Shai review on Kotak, any buying strength in it as has got above vwap now?
14:31 Shai : 510 short term supp glenmark
14:36 Shai : cummins 749 is supply . supp at 722
14:36 Shai : bracket has to break below 722 for 690
14:37 Shai : Kotak intra ay shorts booked
14:37 Shai : positioanl still good
14:38 Gaurav : Thanks Shai
15:00 Uttam : thanks Shai
15:03 Shai : STBT : Sell BankNifty for tom open 25655-660 sl of 25790 tgt 25520.