OrderFlow charts and Notes- 08/09/14

[08:56]   Shai : GM all
[08:56]   Shai : http://vtrender.com/levels-and-plan-for-8th-sept/
[09:04]   r m : Good Morning folks!
[09:04]   Sharad : GM all
[09:11]   Sumit : gm Shai, rm, Sharad
[09:12]   r m : Hi Sumit
[09:13]   Kathir : good morning Shai RM sumit sharad all
[09:13]   Sumit : hi Kathir
[09:14]   r m : Hi Kathir
[09:18]   Shai : strong Open
[09:18]   Shai : out of range and value
[09:24]   Shai : sellers in NF
[09:24]   Shai : Lot of them
[09:27]   Kathir : Hypo1 )We watch OrderFlow at 8220- 8223 at the open and if the market shows aggressive buyers in that range then NF will attempt 8150 and 8173 from there with stops below 8095,
[09:28]   Kathir : 8220-8223?
[09:32]   Shai : corrected – thanks
[09:32]   Shai : 8120/ 8123
[09:34]   Shai : NF attempting the supply zone 8150- 8173
[09:34]   Shai : Lots of sellers here as can be seen in the orderflow
[09:35]   Shai : and all of last week
[09:35]   Kathir : @Shai for that view for rcom buy above 111 what is the SL
[09:35]   Kathir : red trees in NF
[09:36]   Sharad : Kathir I am holding Rcom from 111.55
[09:36]   Sharad : yesterday
[09:36]   Kathir : ok great trade ..now i am planning to buy some CE after confirming SL with Shai
[09:37]   Sharad : good
[09:38]   Shai : al will be 109.7 cash
[09:38]   Shai : tgt 122-
[09:38]   Shai : sl**
[09:38]   Shai : it’s a positional hold
[09:38]   Kathir : @shai ok thanks
[09:39]   Sharad : Ok Shai
[09:41]   Shai : NF open looking like a drive
[09:41]   Shai : vwap is imp for the morning
[09:41]   Shai : more likely a short covering event in the afternoon if vwap holds alll day
[09:42]   Shai : OTOH- if vwap breaks now then down to 8140F
[09:42]   Shai : BNF gets rejected at 15185 again
[09:42]   Shai : *16185
[09:50]   Shai : There’s no trade here in NF at 8162
[09:51]   Shai : But would look to buy abv 8175 for 8220 with stops below 8150 if OrderFlow pane is blue
[09:52]   Shai : in BNF 16095- 16105 is a support
[09:52]   Shai : No aggressive buying detected in BNF and pink orderflow will pressurise the supp
[09:53]   Shai : Contra trade is NF would be to short below 8155 for 8140/ 8120 with sl of 8176- in small qty
[09:53]   Shai : it’s contra trade
[10:00]   Shai : Prem down to 16
[10:08]   Shai : Drive is cancelled
[10:09]   Shai : more of an OAOR
[10:09]   Shai : BNF may want to see 16180 again
[10:09]   Shai : sl 16105
[10:19]   Kathir : @RM ge
[10:20]   Kathir : can you sell options using MIS i mean intraday magin..please check in your nest now?
[10:21]   r m : yes, received a msg some time back from zerodha that it is possible
[10:22]   Kathir : ok ge thanks :)..this will be very usefull 🙂
[10:22]   r m : oops, no it not willing to accept the order
[10:22]   r m : guess that msg was for Bracket orders
[10:22]   Kathir : @RM place a fresh order using MIS
[10:23]   Kathir : dont modify the NRML order i
[10:23]   r m : BO it is accepting
[10:23]   r m : but MIS it wants a very high margin
[10:25]   Kathir : no ge it requires only 12k for selling options
[10:25]   Kathir : using MIS
[10:25]   Kathir : i mean NF
[10:26]   r m : ok, i tried to sell 12200CE at 260 Rs, it asked for 50K
[10:26]   r m : ok
[10:28]   Kathir : try some NF
[10:28]   r m : ok
[10:29]   r m : yes, NF it is willing to do low cost business 🙂
[10:31]   Kathir : yeah we can make use of it sometimes 🙂
[10:32]   Kathir : @RM do you have any position in BNF now
[10:33]   Kathir : i mean fut
[10:33]   r m : no
[10:33]   Kathir : ok bnf also going ..i thought if we have fut position it will not give MIS..not like that but
[10:36]   r m : it is accepting MIS orders for BNF options but asking for about 25K margin, that should be the same as NRML margin
[10:38]   Kathir : Ge here it is asking around 13 k only bnf
[10:39]   r m : this is sheer discrimination between north and south, I will go on strike 😀
[10:40]   Kathir : lol
[10:41]   r m : you are absolutely right sir, I placed order for 100 qty and was thinking of that as 2 lots! Guess I should take a long break from trading 😀
[10:42]   Kathir : 🙂 thank god it avoided a strike from a big buyer
[10:42]   r m : lol
[10:43]   Kathir : and saved me..because if somebody strikes for this instead of giving margin to them ,they cut the margin for those who have it already
[10:44]   r m : lol
[10:44]   Kathir : @RM when cong ruled for 50 years no one counted the days..but for modi they count everyday..why
[10:44]   Kathir : 50 100 …like a batsman in cricket ground
[10:46]   Shai : BNF long trade aborted at 16145
[10:46]   r m : most of the counters (I mean those who count) were beneficiary during the Congress rule – they are missing the handouts now 🙂
[10:46]   Shai : looks like a tight 16145- 16105 zone setting up
[10:47]   Shai : No big edge in establishing a new intra position at these levels
[10:47]   r m : ok, thanks Shai
[10:48]   Kathir : 🙂
[10:50]   r m : @Kathir, there were others who supported Modi with the hope that “their achhe din will begin” once Modi govt takes over. But he is not giving them the desired posts, so they are also busy writing how Modi is doing nothing 🙂
[10:51]   r m : A very funny post on Modi’s 100 days – http://tinyurl.com/muf26cj
[10:56]   Kathir : 🙂 nice one ge
[10:57]   Kathir : 09:53 Shai : Contra trade is NF would be to short below 8155 for 8140/ 8120 with sl of 8176- in small qty
[10:58]   Kathir : @Shai is this still valid
[11:01]   Shai : Yes
[11:01]   Kathir : ok thanks
[11:01]   Shai : But cancle the BNF long trade idea
[11:02]   Shai : NF Intra day OI- http://screencast.com/t/yliqlCDIFDg
[11:02]   Shai : buildup at 8100
[11:16]   Shai : In BNF 16500 is the bigger strike- http://screencast.com/t/yliqlCDIFDg
[11:16]   Shai : BN*
[11:16]   Shai : some evidence of liquidation at 16000 ce this morning
[11:16]   Anay : GM All
[11:17]   Shai : GM Anay- Welcome aboard
[11:23]   Shai : that slight drop in 16000 ce needs monitoring
[11:23]   Shai : Current status-http://screencast.com/t/feXJHfZEgJJ
[11:24]   Shai : Profile is locked at 16105 supp but shwoing excess now on intra day at 16180- now twice in 2 days
[11:32]   Shai : An OAOR open does give a good move in the afternoon session
[11:44]   Shai : OrderFlow of 03/09- http://screencast.com/t/cFdoi7e1H
[11:46]   Shai : The 4th showed repair- http://vtrender.com/wp-content/uploads/2014/09/sept_nf3.png
[11:47]   Shai : and the 5th sept showed weak sellers but strong buyers at lows
[11:47]   Shai : http://vtrender.com/wp-content/uploads/2014/09/sept_nf4.png
[11:47]   Shai : If current day low holds then we should head higher
[11:49]   Anay : ok
[11:53]   Shai : BNF trade long above 16205, tgt 16255, sl 16179
[11:54]   Shai : There’s also an easy 150 pointer if we close abv 16250 to 16410
[11:54]   Anay : ok
[12:19]   Rahul G : shai any if possible can you advice on crude
[12:25]   Shai : @Rahul, I don’t have data on MCX now-
[12:35]   Rahul G : ooh okay
[12:35]   Rahul G : no problem thanks
[12:49]   Shai : slow day
[12:49]   Shai : OAOR plays out a 12 pointer
[12:49]   Sharad : very slow day… no trade yet
[12:50]   Shai : BNf stays in this- (10:46) Shai :looks like a tight 16145- 16105 zone setting up
[12:50]   Shai : Maintain- (10:47) Shai :No big edge in establishing a new intra position at these levels
[12:50]   Chiranthan : Any intra trade in stocks?
[12:54]   Sharad : Shai any view on petronet
[12:55]   Shai : Chiranthan there was the contra in JP we were tracking
[12:55]   Shai : Hit the objective of 32 last week and now bouncing
[12:55]   Shai : 35.6 now
[12:56]   Chiranthan : ok
[12:58]   Shai : petronet is in a difficult place here
[12:58]   Sharad : means
[12:59]   Shai : if 85 does not hold it falls to 181.8/ 181.2
[12:59]   Shai : else a bouccne back to 193
[12:59]   Sharad : can we buy for one month time frame ? what can be the target
[13:00]   Sharad : keeping sl of 181
[13:01]   Shai : There ‘s no confirmation to buy here
[13:01]   Shai : Buys will be aggressive in nature
[13:01]   Shai : No that sl will come easily below 184.5
[13:01]   Shai : If you are buying here not more than 184.5 as sl
[13:02]   Shai : But I would still suggest wait till the last 30 mins to purchase and only iof 185.1 stays
[13:03]   Sharad : ok good and what can be the target to check risk reward
[13:03]   Shai : tgts same 192.5/ 193
[13:04]   Sharad : not big for one month then should avoid
[13:05]   Shai : yes larger auction is seen reversing since last tues- no confirmation of it bottoming yet
[13:06]   Sharad : ok thanks
[13:06]   Shai : welcome
[13:19]   Shai : In NF buyers are in control now after the early morning seller- http://screencast.com/t/6RSTY78SI
[13:19]   Shai : contrast this chart abv with the one from the 3rd above and we see supply getting absorbed slowly but surely
[13:21]   r m : synchronized IB break
[13:21]   Sharad : BNF bot 16207 sl hit
[13:23]   Shai : we will come back to 16180
[13:23]   Shai : keep stop below 16165
[13:23]   Sharad : ok
[13:24]   Shai : thin market created an upmove
[13:24]   Shai : big volume spikes in b oth NF and BNF
[13:27]   Shai : bnf vwap expanding
[13:27]   Shai : just what we wanted to see
[13:28]   Chiranthan : BNF SL now below 16165?
[13:28]   Shai : the fill is not good, if you are not in stay out
[13:28]   Chiranthan : Not entered yet
[13:28]   Shai : yes slo at 165
[13:31]   Sharad : new high 16220
[13:33]   Shai : it will go to 250 and come back again to 180
[13:33]   Sharad : so sell @ 16250
[13:33]   Shai : yes
[13:33]   Sharad : ok
[13:35]   Shai : NF also not yet a convicing break
[13:36]   Sharad : should we increase sl now to avoid loss
[13:37]   Shai : yes
[13:37]   Sharad : done 16180
[13:37]   Shai : sellers also getting active
[13:38]   Shai : no short covering yet
[13:39]   Shai : bring it up to 199 when 220 is crossed
[13:39]   Sharad : ok
[13:40]   Shai : 8200 ce with a sl of 45 should do well
[13:41]   Shai : all the buyer is trying to do here is push the seller out
[13:41]   Shai : but no aggressive buying seen- which means in next few hours or even 1-2 sessions we come back to this zone
[13:42]   Shai : tgt on the fut in case of short covering abv the 8173 is 8196/ 8223
[13:45]   Sharad : 16199 sl kept now
[13:47]   Shai : Nifty spot too at new ATH
[13:49]   Sharad : sl hit
[14:17]   Kathir : red bars in NF and pink also
[14:18]   Shai : Re – Buy BNF 50 % here and 50 % at 16180 final sl 16145 tgt 16330/ 16410
[14:18]   Kathir : trgt intra?
[14:18]   Shai : 16330 may come intra
[14:18]   Shai : 16410 tom if sl holds
[14:19]   Kathir : ok thanks
[14:19]   Kathir : @Shai but NF reds bars huge now
[14:19]   Shai : NF may test vwap
[14:20]   Kathir : ok
[14:27]   r m : @Kathir, in terms of 16500CE, the stop and targets will work out at 118 and 183 for today
[14:27]   r m : cmp 140
[14:28]   Kathir : @RM ge thanks
[14:28]   r m : if 330 is reached tomorrow then target will contract to 176 and 210 (BNF 16410)
[14:29]   r m : welcome ge 🙂
[14:32]   Kathir : @RM what will be the price of 16000 ce if bnf reaches 16330 today
[14:32]   Kathir : sorry 16000 pe
[14:32]   Kathir : and also at 16145
[14:35]   r m : 136 @ 16330 and 201 @ 16145
[14:35]   Kathir : ok thanks 🙂
[14:35]   r m : welcome
[14:38]   Kathir : rubber at five year low so all tyre companies upper circuit levels 🙂
[14:44]   Shai : an hour back- (13:41) Shai :all the buyer is trying to do here is push the seller out
[14:44]   Shai : case of who blinks first 🙂
[14:45]   r m : 🙂
[14:45]   Shai : from an auction market theory point of view- one hour at 8174 means acceptance
[15:03]   Shai : looks like another day of huge cash buying by fii’s
[15:04]   Shai : BNF longs should increase today in OI data
[15:04]   Shai : strategy by fii’s seems to be buy cash and hedge in index F
[15:04]   Shai : so maybe more of Index shorts
[15:04]   Shai : NF shorts that is
[15:06]   r m : yeah, write OTM CE, buy nearer strikes, sell futures, buy cash and write PE as well, a complex khichdi 🙂
[15:06]   Shai : add short NF long BNf to the list 🙂
[15:06]   r m : 🙂
[15:10]   Kathir : and finally confuse the retailers
[15:11]   r m : lol
[15:11]   Shai : BNF looking good here
[15:12]   Shai : Kathir I think retailers led by HNI’s as a category are smarter now
[15:12]   Shai : Post Modi win I feel that they wil do better in derivatives than Fii’s
[15:13]   Kathir : ok shai
[15:14]   Kathir : 16500 ce @ 158
[15:15]   r m : yep
[15:17]   Shai : 8200 ce from 68 to 79-(13:40) Shai :8200 ce with a sl of 45 should do well
[15:18]   Shai : Intra day BNF traders from 225 keep cover order at 16292
[15:21]   Kathir : @Shai shall we hold the bnf ce for tomorw or exit now
[15:22]   Shai : can hold
[15:22]   Shai : 330 mostly at open
[15:22]   Shai : if we stay above 15230 in IB tomorrow then close near 15410
[15:22]   Kathir : ok
[15:23]   Shai : 16230/ 16410 – BNf is moving fast 😉
[15:30]   Shai : 8192/ 16259
[15:30]   Shai : BNf looks a better long than NF
[15:30]   Shai : NF should test 9174 again tom
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice eve
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Kathir : thanks and bye all 🙂
[15:30]   Sharad : bye all
[15:31]   Anay : bye all