OrderFlow charts and Notes 16/09

[09:03]   Shai : Gm all
[09:03]   r m : Good Morning folks!
[09:04]   Shai : http://vtrender.com/levels-and-plan-for-16th-sept/
[09:11]   Sharad : GM all
[09:13]   Amit J : GM
[09:16]   Kathir : Good morning Shai RM amit sharad all
[09:16]   r m : Hi Kathir
[09:19]   Sharad : Hi
[09:21]   Shai : open at the edge of yesterday
[09:22]   Shai : where there were buyers between 8050- 8060
[09:22]   Shai : More liekly a test of 8016
[09:22]   Shai : sl of 8062
[09:22]   Chiranthan : short NF?
[09:23]   r m : @Kathir, 8000PE is expected to touch 57-58 at 8016
[09:23]   Shai : Yes NF short- 8045 sl 8062, tgt 8016
[09:23]   Shai : NF in hypo 1
[09:24]   Shai : 8062 is VAL and we will not hold shorts above that on intra
[09:27]   Shai : BNf back at 16160- 16170 where there were good buyers yesterday
[09:28]   Shai : http://vtrender.com/premium/orderflow-charts-and-notes-1509/
[09:28]   Kathir : @rm ok
[09:31]   Sumit : gm everyone
[09:31]   r m : Hi Sumit
[09:31]   Kathir : unitech 5% up
[09:31]   Kathir : hi sumit
[09:40]   Kathir : @rm what will be the price of 8100 ce @ 8016 today
[09:40]   Amit J : now breakout came from shai’s level
[09:41]   Kathir : amit unitech lot size 17000?
[09:44]   r m : @Kathir, 8100CE @8016NF should be about 30
[09:45]   Kathir : ok ge thanks
[09:46]   r m : welcome ge 🙂
[09:48]   Kathir : @rm the stars in US flag represents the no of states – 50 ?
[09:48]   Shai : Lots of people will be eyeing counter trend longs around 8016 to 7990
[09:49]   Shai : so if the NF short comes to 8226 we take profit and move stops to 8049 for the day
[09:49]   r m : yes, they used to represent number of states but I guess the states are 51 now
[09:49]   Chiranthan : 8226?
[09:49]   r m : 8026
[09:49]   Shai : 8026* . Thanks
[09:50]   Chiranthan : ok
[09:50]   Kathir : ok…indian flag was not designed like that..otherwise stars would have increased drastically after independence
[09:51]   r m : even spokes in Ashoka wheel are only 24 in number 🙂
[09:51]   Shai : In BNF 16212 cross will give a l;ong trade to 16255 with sl of 16180
[09:51]   Kathir : 🙂
[09:51]   Shai : also 80% rule comes into play
[09:53]   Kathir : @shai USD/INR same levels 60.90 and 61.44
[09:54]   Shai : yes that market is in wait mode now for FED
[09:55]   Kathir : ok
[09:59]   r m : @Kathir, there were 48 stars to begin with, more were added when Alaska and Hawaai became full fledged states!
[09:59]   r m : http://en.wikipedia.org/wiki/Flag_of_the_United_States
[10:00]   r m : when vix is so low one can even discuss flags without missing any trade 😀
[10:01]   Shai : vix rose yesterday to get to the 13.5 tgt
[10:01]   r m : yes
[10:01]   Shai : Now we can give it 1 more point if it crosses 13.5 to 14.5 ! 🙂
[10:02]   r m : ok
[10:02]   r m : that 14.5 should bring Nifty below 8K
[10:03]   Shai : hmm
[10:03]   Shai : Bulls are emotional guys these days
[10:03]   Shai : 8 fig was won after a liftime of battles
[10:03]   Kathir : @RM ok
[10:03]   r m : emotional about figure of 8? 😀
[10:03]   Shai : 8xxx
[10:03]   r m : yes
[10:04]   Shai : stayed in the 7xxx for few months only
[10:04]   r m : coming above 2008 highs was a big battle in itself
[10:05]   Sumit : yes. and market has not looked back after that
[10:06]   Shai : It won’t 4500- 6350 was a big yearly balance on the yearly TF
[10:06]   Shai : so break of that is imabalance and imbalances are always quick
[10:07]   Sharad : So Shai what you want to say 6350 will not come in hurry or will not break in hurry
[10:07]   Shai : more likely the market spends time now btw 7900- 8350 for th rest of this year
[10:08]   Shai : Sharad at some stage 6350 will be visisted – but that should be the lowest we get
[10:08]   Sharad : ok
[10:08]   Shai : but that is in the multi year TF
[10:08]   r m : there will be a stamped of left out buyers there 🙂
[10:09]   r m : stampede
[10:09]   Shai : for us we look now at 7900 and 7500 spot
[10:09]   Mandar : 6350 surely not till @rm supports Modi. 🙂
[10:09]   Shai : preferbaly we close this year or in Jan at highs then next year will be consoildationa nd 2016 again a drive
[10:10]   Sharad : drive till 10000+
[10:10]   Shai : presonally I feel 7900 will hold and we go back and forth now for the rest of this year to upup 8300
[10:11]   Shai : “Targets for the Upmove remain 7900 spot (achieved) and 8300/ 8581 in the medium term. Support at 7900/ 7500 spot. Our Profile studies indicate 11600 as a long term target on the Nifty in 2016-17 provided 6300 holds through 2015 ”
[10:12]   Shai : Modi has not lost a re-election – so the bulls are safe 🙂
[10:12]   r m : lol
[10:12]   Mandar : lol
[10:13]   Kathir : LOL
[10:13]   Shai : real problem is if Modi does not come back – as there is no one else in the country who can get those numbers back
[10:13]   Shai : I would say 15 years of Modi Sarkaar as an optimist 🙂
[10:13]   Shai : enough for the bulls
[10:14]   Mandar : yes thats the agenda
[10:14]   r m : twitter reply to Congress taunts on lack of “Achhe din” after 100 days – “don’t get desperate – there are still 3550 days left” 🙂
[10:14]   Mandar : lol
[10:14]   Kathir : lol
[10:14]   Shai : 🙂
[10:18]   Kathir : @SHAI bnf long trade above 16212 SL hit
[10:21]   Sharad : even i am also long @ 16214
[10:25]   Kathir : SHARAD shai’s Sl was 180 so i exited there
[10:28]   Sharad : i could not sell so still long
[10:28]   Anay : @Shai 10 min OF plz chart
[10:28]   Anay : * chart plz
[10:28]   Sharad : market is slow so not in a hurry
[10:30]   Sharad : and we are still in IB so will will sell on brek of IB
[10:30]   Kathir : OK
[10:31]   Sharad : and it was a counter trend so only half qty
[10:31]   Kathir : ok
[10:35]   Kathir : IB low and PDL almost same
[10:35]   Kathir : bnf
[10:37]   Anay : 8100 PE has a resistance near 100
[10:37]   Shai : Those with a slightly bigger horizon should start dipping into ce’s now
[10:38]   Chiranthan : NF CE’s?
[10:38]   Shai : max downside from here is at 7980 spot- we have done 8020
[10:39]   Shai : yes nifty
[10:39]   Chiranthan : continue to hold intraday NF short?
[10:39]   Shai : tgts 8100 spot and 8170 spot
[10:39]   Shai : Trail NF shorts at 8052
[10:39]   Kathir : @shai what would be the max level bnf can go this month if it goes upside from here
[10:40]   Shai : I had maintained 16335 spot as a tgt from the start of the series
[10:40]   Shai : further upside only abv 16335 spot cross
[10:41]   Shai : 17100 tgt
[10:41]   Shai : This series may be capped below 16500 spot
[10:42]   Shai : NF and BNF orderflow is mixed
[10:42]   Shai : more local to local
[10:42]   Kathir : ok thanks
[10:42]   Shai : In NF conservatives will not enter longs till day VAL is crossed at 8063F
[10:44]   Kathir : @shai what is the supp and resi for reliance fro here.
[10:47]   Chiranthan : Can I buy NF 8200 CE sep series?
[10:47]   Shai : reliance cash 989 looks max downside and 1018 res
[10:48]   Shai : Chiranthan 8200 ce not good for sept- 8100 ce is better or try 8300 ce OCT
[10:48]   Chiranthan : ok
[10:48]   Kathir : @shai thanks
[10:49]   Shai : We will exit NF shorts if 8035 gets a visit again
[10:51]   Mandar : Livemint ‏@livemint · 4m Bypoll Shocker: Little to cheer for BJP as SP leads in UP on BJP-held states while Congress leads in 4 out of 9 seats in Gujarat
[10:52]   r m : that should inject oxygen in Congress blood vessels!
[10:53]   Mandar : i think its too early.
[10:53]   r m : yes
[10:54]   r m : but that is the way Congress and media will interpret it, three cheers for them 🙂
[10:54]   Mandar : lol
[10:54]   Kathir : 🙂
[10:55]   Mandar : that installs more confidence that Modi will deliver.
[10:55]   r m : @Shai, 8070 spot still the stop for 8000PE?
[10:55]   r m : Modi will do things slowly and surely, he is in no hurry unlike opposition 🙂
[10:56]   Mandar : true
[10:56]   Shai : RM book near 8020- 7980 spot zone
[10:56]   r m : ok, thanks
[10:57]   Kathir : @amit what is the supp for 16500 bnf ce
[11:02]   Kathir : @Anay what is the supp for 16500 bnf ce
[11:02]   Shai : Prfile os 1st sept- http://screencast.com/t/nQDiz5Dv8
[11:03]   Shai : Those simgle prints are the early buyers of the series and likely to defend price
[11:03]   Kathir : so the bulls will enter between 8030 -8015
[11:04]   Anay : @Kathir 60-65
[11:04]   Kathir : thanks anay
[11:04]   Shai : Like what the bulls did to bear at 8200 , the bears are hoping to keep price down here and force them to liquidate
[11:05]   Shai : 8000 pe is not reducing today- so there is a fight
[11:07]   Narendra : shai view on jublfood fut
[11:07]   Shai : Intra day OI % change- http://screencast.com/t/9muAuUnWUm
[11:07]   Narendra : have short position
[11:07]   Narendra : what should be the sl in short jublfood
[11:11]   Shai : jubl food is hitting a support
[11:13]   Shai : I won’t recommend staying short if price goes up abv 1303
[11:13]   Shai : if 1292 breaks then clear road tpo 1273 and even 1260 likely
[11:14]   Narendra : ok thanks
[11:17]   Shai : mw
[11:36]   Anay : @Shai is there anyway u cud keep the 10 min OF chart on screen all the time?
[11:37]   Shai : ok- but it will be mini version
[11:37]   Shai : space constraints
[11:38]   Anay : sure
[11:43]   Shai : on screen now – just above the profile charts on screen 2
[11:44]   Sharad : BNF shows all day more buyer in 10 min chart
[11:45]   Shai : yes except for that breif period at 16180
[11:50]   Shai : Keep exits for the NF in the 8030- 35 range
[11:51]   Shai : Today BNf moving down more than NF
[11:52]   Anay : Thanks
[11:54]   Sharad : yes this is good Thanks Shai.. keep this daily
[12:02]   Sharad : Shai this indictaes what ? orders entered as buy or sell OR orders executed as buy or sell
[12:17]   Shai : sure
[12:17]   Shai : These are all the orders entered on buy side or sell side in last 10 mins
[12:18]   Shai : the difference between the top pane and the green pink orderflow is that the top pane is the agressive orders
[12:18]   Shai : Or they were not taken at limit prices
[12:19]   Sharad : ok understood
[12:20]   Shai : below 8035 is our exit sign
[12:20]   Shai : still the seller in control and we may still go down- but risk is rising on the short trade and hence exit for us conservatives
[12:27]   Shai : 16105 a support in BNF
[12:27]   Shai : if 16101 holds we go to 16170/ 16205
[12:29]   Kathir : @SHAI in bnf MP chart there is a referrence at 16072 what is that..support?
[12:30]   r m : should be 2IB mark i think
[12:31]   Kathir : ok
[12:31]   Kathir : same at 16304
[12:31]   Chiranthan : BNF longs here?
[12:33]   Shai : Wait Chiranthan
[12:33]   Chiranthan : ok
[12:33]   Shai : We have a view- let’s see if OrderFlow confirms it
[12:34]   Shai : If you are looking to go agressive enter the sl at 16099 in system and trade
[12:35]   Shai : 16070 worst case below 16100
[12:35]   Shai : Buyers are responding in BNF
[12:41]   Kathir : @rm what is the price of 16500 ce bnf @ 16080 now?
[12:41]   Shai : 8025
[12:41]   Shai : buyers trying to mop up the selling
[12:42]   r m : @Kathir, 52
[12:42]   Kathir : thanks ge
[12:42]   r m : welcome
[12:43]   r m : touched 53.50 only 🙂
[12:43]   Shai : 16071
[12:43]   Anay : BNF does 16071
[12:44]   Sumit : algo in bnf at lows
[12:45]   Shai : buyers they were
[12:46]   Chiranthan : SL can be set below 16070 for bnf long?
[12:46]   Kathir : @RM 51.90 low
[12:46]   r m : yes
[12:46]   Kathir : bought 53 sold 56 🙂
[12:46]   r m : not bad 🙂
[12:46]   Shai : yes chiranthan 16065- hard stop
[12:46]   Kathir : waiting for shai’s signals
[12:46]   Shai : exit near 16140-150
[12:46]   Chiranthan : target?
[12:46]   Chiranthan : ok
[12:47]   Shai : NF – anyone wants to trade aggressive calls can buy part here
[12:47]   Shai : NF trade safe abv 8048 only now
[12:48]   Shai : 1st tgt 8070-80
[12:48]   r m : what is the stop for aggresive buy here?
[12:48]   Shai : NF stop is 7992- recommending only a part on the presumption that 8016 will hold
[12:49]   r m : Thanks
[12:49]   Shai : or can exit that part below 8014 and rebuy near 7990
[12:49]   r m : ok
[12:50]   Shai : Can see buyers trying to absorb the supply- but we wait for that blue candle to be big
[12:51]   Chiranthan : BNF SL hit
[12:54]   Nitin : aggressive selling coming in stocks
[12:57]   Shai : 8002 spot
[12:58]   Shai : Yes Nitin- Midcap will bleed
[12:59]   Shai : OrderFlwo candles are still red
[13:00]   Kathir : nifty spot trying its best to meet shai’s 7980
[13:01]   Nitin : i think below 7990 spot there will be heavy selling in midcap
[13:01]   Kathir : ok
[13:05]   Nitin : DLF>>>>>
[13:06]   Anay : 40 is last support for BNF 16500 CE
[13:06]   Shai : that had writers- you track it from buyer point of view?
[13:06]   Anay : both….
[13:06]   Anay : 🙂
[13:08]   Shai : way beyond vwap band
[13:08]   Nitin : seems we are in hurry to visit 7955
[13:08]   Shai : could be the election results
[13:08]   Shai : fickle bulls
[13:10]   Shai : My view last week was we will look at 7980 spot and close series near 8100
[13:10]   Shai : Now have to see buyers here
[13:11]   Shai : 7955 is the gap low on spot?
[13:11]   Shai : 7955?- (13:08) Nitin :seems we are in hurry to visit 7955
[13:12]   r m : gap low o 1st sep was 7984 on spot
[13:13]   Shai : and close on expiry was?
[13:13]   r m : 7951
[13:13]   Shai : thanks
[13:13]   r m : welcome
[13:15]   Shai : Not a lot of selling in BNF
[13:15]   Shai : but still price dowm below 16070-16100
[13:16]   Anay : 8k PE at resistance
[13:17]   Shai : 1st sign of blue
[13:20]   Shai : cross of 8017 will take it to vwap 8037
[13:30]   Kathir : reliance down more than 2 %
[13:30]   r m : yes, broke thru that support at 988
[13:32]   Kathir : yeah’
[13:37]   Anay : NF below VWAP band
[13:38]   Amit J : 7955 is spot or future
[13:38]   Sharad : 7955 spot …and it is here now
[13:38]   r m : spot low is 7950, gap filled
[13:39]   Nitin : BNF near support?
[13:39]   Amit J : no failed auction
[13:39]   r m : 7955 was the FA
[13:39]   r m : futue
[13:39]   r m : future
[13:42]   r m : http://screencast.com/t/rcE7OxWep12
[13:44]   r m : 300K volume for 7980-7970 bar in NF
[13:45]   r m : 341K actually
[13:47]   r m : chart not refreshing?
[13:49]   Sumit : its not
[13:49]   Sumit : now it is:)
[13:50]   r m : 🙂
[13:50]   Sumit : stuck again?
[13:51]   r m : looks like that
[13:51]   r m : or in slow action mode!
[13:54]   Chiranthan : 8100 CE a good buy now?
[13:55]   Anay : yes…series low is 15…can keep a stop below that
[14:09]   Anay : BNF looks good for swing long?
[14:09]   r m : if the green stays 🙂
[14:10]   r m : trend days generally close at lows
[14:10]   Anay : hmm
[14:12]   r m : pink banished immediately!
[14:15]   Shai : am back 🙂
[14:15]   r m : good 🙂
[14:15]   Shai : The bears pushed my sytem down 🙂
[14:15]   r m : lol
[14:15]   Anay : 🙂
[14:15]   Shai : charts fine?
[14:16]   Anay : yes
[14:16]   Shai : cool
[14:16]   Kathir : LOL
[14:16]   Shai : 7996 ref line for longs still
[14:16]   Shai : we have to visist 8028 again
[14:16]   r m : @Shai, noticed that twitter signals not coming this week, that system in down?
[14:17]   r m : *is down
[14:17]   Shai : will get it checked
[14:17]   Shai : there was a nice short alert on BNf at 16170
[14:17]   r m : ok
[14:19]   Shai : If we don’t cross 7996 we risk closing at lows possibly 7944 F
[14:19]   Narendra : not recieving anything on twitter
[14:21]   Shai : there is a problem – we will sort it
[14:26]   Chiranthan : your view on hexaware?
[14:26]   Chiranthan : and 8100 ce
[14:30]   Shai : Hexaware 165 -165.9 good supp
[14:30]   Chiranthan : ok
[14:30]   Shai : second line of supp at 159.5
[14:31]   Shai : can be good buys in this range
[14:32]   Shai : 8100 ce buy as close to the lows as possible today or add above 8097 F
[14:32]   Shai : * as close to the day close
[14:32]   Chiranthan : Thanks
[14:33]   Anay : above 8097?
[14:33]   r m : 7997 🙂
[14:34]   Anay : 😉
[14:34]   r m : Now Shai is used to 8XXX 🙂
[14:35]   Amit J : shai can we expect 7955 as sl for longs
[14:47]   Shai : Amit 7942 sl better
[14:47]   Shai : just few below that 7955 F
[14:47]   Shai : we may close there today
[14:53]   Shai : 80% increase in 8000 ce over yesterday
[14:54]   Shai : these giys will fuel the move up if NF rises from thursday
[14:54]   Shai : 15840 supp in BNF
[15:04]   Shai : last 20 mins – watch to see if early shorts cover
[15:04]   Shai : drop is about 240 points now
[15:08]   Shai : shakeout move or more?
[15:08]   Shai : 7956
[15:08]   Shai : (14:19) Shai :If we don’t cross 7996 we risk closing at lows possibly 7944 F
[15:15]   Mandar : A wild guess– bottom around 7850.
[15:18]   Kathir : 7850?
[15:18]   Kathir : 100 from here
[15:18]   Mandar : yes
[15:18]   Kathir : ok
[15:19]   Mandar : its wild:-)
[15:20]   r m : Wild Wild West takes over tomorrow with Yellen shooting from the hips 🙂
[15:21]   Mandar : lol
[15:24]   Kathir : lol
[15:24]   Kathir : @shai any ce buying here ?
[15:24]   Kathir : now
[15:24]   Shai : yes
[15:25]   Shai : buy
[15:25]   Kathir : bnf 16200 ce ok?
[15:25]   Shai : ok
[15:25]   Mandar : seems kathir playing against herd mentality.
[15:25]   Shai : have to hold till friday
[15:25]   Shai : so position size accordingly
[15:25]   Kathir : 🙂 just a try mandar..ok shai
[15:26]   Mandar : 🙂
[15:27]   Shai : sonmetime dutring this week itself we will get 8020 again- that is +60
[15:27]   Mandar : ok
[15:28]   Shai : close is more of a shakeout
[15:28]   Shai : an open which holds 7942 tom will give 7996 early morning
[15:28]   Mandar : bullish only above 8030?
[15:28]   Shai : yes
[15:29]   Shai : but we are entering a support zone
[15:29]   Mandar : ok
[15:29]   Shai : I would have preferred 7996 to hold at close
[15:29]   Amit J : fed statement expected to be positive
[15:29]   Shai : Now risk of extension is there to 7892 F below 7942
[15:29]   Mandar : ok
[15:30]   Shai : but this is a support band at 7920 spot also
[15:30]   Kathir : fed today?
[15:30]   Shai : weak close- avg volumes
[15:31]   Shai : such falls have done 18 million in volumes previously
[15:31]   Shai : today only 12
[15:31]   Shai : Bye all
[15:31]   Anay : bye all
[15:31]   Nitin : bye
[15:31]   Mandar : Bye all.
[15:31]   Kathir : Thanks and bye all…:)
[15:34]   r m : bye folks, have a great evening 🙂