OrderFlow charts and Notes 24/09/14

[08:58]   r m : Good Morning folks!
[09:02]   Chiranthan : Gm
[09:07]   Shai : Gm all
[09:07]   Shai : http://vtrender.com/levels-and-plan-for-24th-sept/
[09:08]   Chiranthan : target SL for 8050 ce?
[09:09]   Shai : 8001 sl tgt 8075
[09:09]   Shai : refer to hypo 1
[09:10]   Chiranthan : ok
[09:10]   Kathir : GM Shai RM and all friends
[09:10]   r m : Hi Kathir
[09:10]   Shai : 4) The NF was an incomplete double distribution with a possibility of an auction between 8001 and 8075 tomorrow
[09:12]   Shai : yesterday notes and charts- http://vtrender.com/premium/orderflow-charts-and-notes-2309/
[09:12]   Sharad : GM all
[09:13]   Kathir : hi sharad
[09:13]   Sharad : Hi Kathir
[09:13]   Shai : yesterday’s close put us in the path of the single prints of 18/09
[09:14]   Shai : those buyers were aggressive on 18/09 and we wait and see if they show up this morning
[09:15]   Sumit : gm everyone
[09:21]   Shai : eyes are on the coal block case at 2 pm today
[09:22]   Shai : Not a lot of buying interest at open in sept
[09:23]   Kathir : @SHAI SL for bnf sell below 15910 hypo
[09:23]   Shai : wait don’t execute that yet
[09:23]   Kathir : and nf too
[09:23]   Kathir : ok
[09:24]   Shai : NF sl 8036
[09:24]   Kathir : ok
[09:25]   Shai : 15933 and 15945 are early morning selelrs
[09:25]   Shai : looks lile supply was getting absorbed near 15900
[09:25]   Shai : hence said wait
[09:26]   Shai : some buyers in NF
[09:26]   Shai : 8022
[09:28]   Kathir : ok
[09:30]   Shai : 8075 in play now
[09:30]   Shai : 8022 is the buyer and should hold the market up now
[09:31]   Shai : Kathir see the green in B profile near 15900
[09:32]   Kathir : yes shai big green there..buyers?
[09:32]   Shai : yes
[09:32]   Kathir : ok
[09:33]   Shai : Buy NF near 8035- 8038 sl of 8021 tgt 8056/ 8075
[09:55]   r m : NASA @NASA We congratulate @isro for its Mars arrival! @MarsOrbiter joins the missions studying the Red Planet. #JourneyToMars pic.twitter.com/lz90flOZLG
[09:55]   r m : 🙂
[09:56]   Shai : 🙂
[09:56]   Kathir : 🙂
[09:56]   Shai : Nice and Congrats
[09:57]   Amit J : shai levels are more accurate than NASA research 🙂
[09:57]   Kathir : great work ISRO
[09:57]   Shai : lol Amit
[09:57]   Amit J : 8022 low
[09:58]   Shai : I’ve added a heatmap profile on the left of the screens
[09:58]   Shai : the basic idea is to see the flow of the market
[09:58]   Sharad : Yes Congrats to ISRO
[09:58]   Shai : numbers are volumes adjusted but based on trade prices
[09:58]   Anay : ok
[09:59]   Shai : 1091 x 1069 would be 1091 sellers against 1089 buyers
[09:59]   Shai : sellers x buyers
[09:59]   Anay : ok
[09:59]   Shai : the next column is the diff in the 2 also called delta
[10:00]   Shai : if it’s minus the seller is more heavy
[10:00]   Shai : abd the green column is the volumes traded at price
[10:00]   Anay : rt
[10:00]   Sharad : ok good
[10:00]   Shai : It’s what we call the cross section profile and you see the volume traded at price
[10:01]   Porus : so the buyer at 8022 isn’t there now?
[10:01]   Shai : so in delta chart -39 at 8032 is a seller now
[10:01]   Shai : 8021 -22 was + in the morning and still plus at 10
[10:02]   Shai : chart ius a 2 point range hence 2 points of correction needed to a number
[10:02]   Shai : so 8022 on chart could be 8020 or 8024
[10:03]   Kathir : for long we keep 820 sl short we take 24 sl
[10:03]   Shai : Braod idea from the chart – one can see is that the market is balanced in the 1st hour
[10:03]   Shai : sellers and buyers almost equal but seller getting heavier
[10:04]   Kathir : exit nf longs here or wait for SL to trigger
[10:04]   Shai : can exit
[10:05]   Chiranthan : 8050 ce’s too?
[10:05]   Sharad : so Shai highest volume traded is at 8032 and that is by seller so above that good to buy is it right?
[10:05]   Amit J : 8033 vwap also
[10:05]   Shai : It’s vwap
[10:05]   Shai : seller is dominating a bit more at vwap
[10:05]   Amit J : and poc
[10:06]   Shai : Chiranthan let’s hold the ce- we will get that 8075 visist if 8001 holds
[10:06]   Chiranthan : ok
[10:07]   Shai : It’s the same chart we have on screen except that it is explained in numbers
[10:08]   Porus : do sl orders also show in this profile chart?
[10:08]   Shai : No only traded prices
[10:09]   Shai : The 1st look above 8035 has not managed to get buyers
[10:09]   Shai : auction favoring the seller here
[10:11]   Shai : In that chart – 1st look at sellers x buyers at the bottom and note the difference – next look at the points where the seller/ buyer entered
[10:11]   Shai : sl taken in NF longs
[10:16]   Narendra : should we go short below 8001
[10:28]   Shai : yes that is athe alert
[10:33]   r m : @Shai, vwap should be the stop for sell below 8001?
[10:33]   Shai : 16000 pe was 22 yesterday when someone alerted here
[10:33]   Kathir : or 8021
[10:34]   Shai : now 183
[10:34]   Kathir : wow
[10:34]   Shai : 8023 sl as it is a failed buying attempt and also vwap
[10:34]   r m : Thanks
[10:34]   Kathir : ok
[10:35]   Chiranthan : Target for NF short?
[10:35]   r m : 7956 as per hypo 1
[10:35]   Chiranthan : ok
[10:36]   Shai : Buyers are coming back
[10:36]   Shai : Not very confident of this break down
[10:36]   r m : ok
[10:36]   Shai : but still seller in control
[10:37]   Sharad : 7998 to 8006 all buyres
[10:37]   Shai : when that delta figure keeps reducing on a fall then selling is getting absorbed
[10:38]   Shai : could be a neutral day if we cross vwap
[10:38]   Shai : sl hitting day
[10:39]   Shai : so keep trading qty small as market is movinga round
[11:02]   Shai : Price action shows selelrs ta 8030- 8040 today but strong buyers at 7990- 8000
[11:02]   Narendra : neutral day means sell on highs and buy on lows
[11:03]   Shai : market goes both sides of the grey band
[11:07]   Shai : delta diff is -20 now- so some of those early selelrs at 8035 are out of the market now
[11:08]   Sharad : Shai where it is given -20 delya
[11:08]   Sharad : delta
[11:08]   Shai : now -36
[11:08]   Shai : b x a then delta and then vol
[11:08]   Shai : look at the bottom
[11:09]   Sharad : ok got it
[11:09]   Shai : My cursor is there now
[11:09]   Sharad : ok yes
[11:10]   Shai : the green OF is a sign that the buyers responded
[11:10]   Kathir : 12 now
[11:10]   Shai : Now as long as price stays above the green OF signal we will move to + delta
[11:10]   Kathir : chnages very fast
[11:11]   Kathir : bnf it is 100
[11:11]   Shai : Peopel trading Kathir
[11:11]   Shai : volume already 50 L
[11:11]   Kathir : ok
[11:12]   Shai : Hope you guys like the new addition- It’s as transparent as price can be
[11:12]   Sharad : yes
[11:13]   Amit J : 8020 sellers not moved since entire rise. what does that imply
[11:13]   Shai : In short it is the actual exchange in front of you
[11:13]   Amit J : yes shai
[11:13]   Sharad : NF delta in +
[11:13]   Kathir : @shai thanks for this update
[11:13]   Shai : Amit could be longer termers
[11:14]   Shai : My pleasure 🙂
[11:15]   Mandar : Shai, this is a different experience in itself. You opening up “kundali” of Nifty and BNF. 🙂
[11:16]   Shai : lol
[11:16]   Kathir : @shai at the top NF heatmap 8040 – 8048 is buyers only but market came down from there
[11:16]   Shai : for the first time in the day buyers are getting a toe hold
[11:17]   Shai : stuck buyers who bought at the top and may habve closed at 8030- 28
[11:17]   Shai : Like us in the mroning 🙂
[11:18]   Kathir : yeah 🙂 volumes very low there
[11:18]   Kathir : one ppor guy bought 1 lot at highest
[11:18]   Kathir : poor
[11:19]   Porus : any significance when the green line crosses vwap?
[11:19]   Shai : buyers get stronger
[11:20]   Shai : looking for price cross above 8048 now- (10:38) Shai :could be a neutral day if we cross vwap
[11:20]   Shai : sl could be 8015
[11:20]   Shai : we can buy again aroun 8038 with sl of 8020 for 8055/ 8075
[11:21]   Shai : slightly better placed for the trade now as Orderflow is becoming positive
[11:21]   r m : Our trading set up is as advanced as used by traders in this video – http://t.co/431MOi2qmN 🙂
[11:21]   Kathir : @shai any views on nf setlmt close price
[11:22]   Shai : 8100
[11:22]   Kathir : ok
[11:24]   Sharad : wow 8100 great
[11:26]   Sharad : Delta very strong now 130 +
[11:30]   Kathir : @RM your seems video will end only after market ends today
[11:30]   Kathir : seems ur
[11:32]   Shai : Yes I got that link from elsewhere also
[11:32]   Shai : marked it forview later
[11:32]   Shai : looks intersting
[11:33]   r m : yeah, that one is quite long, saw it durng the weekend, nothing new for Shai there, it is about pro traders and how they train new guys 🙂
[11:33]   Kathir : ok
[11:33]   Kathir : 🙂
[11:33]   Kathir : without speakers more interesting
[11:33]   r m : lol
[11:34]   Kathir : will view after market hours
[11:36]   Shai : Not a lot of selling in that fall to 8017
[11:37]   Porus : what effect will the coal block results have on the market?
[11:38]   Shai : we have already come off a bit may be a knee jerk reaction
[11:38]   Shai : But I prefer a rise into the close today
[11:38]   Kathir : hope coal should be a positive news for markets
[11:40]   Anay : lot of buying happening?
[11:41]   Kathir : @shai usd/inr near 61.10 this high 61.11 came in the morning when it opened..inot sure whether that high was taded or not
[11:41]   Kathir : will it mover higher if the high is crossed
[11:45]   Shai : yes 61.34
[11:45]   Kathir : ok thanks
[11:49]   Chiranthan : Can Bank support level for posiyional trade?
[11:49]   Chiranthan : positional
[11:58]   Shai : BN spot has 2 supports at 15764 and 15580 form positionals
[11:59]   Shai : Buy closer to 15760 in parts with sl below 15550 tgt is 16330/ 16605
[11:59]   Shai : spot levels
[12:00]   Chiranthan : Canara Bank oct fut
[12:00]   Shai : oh I thought BN
[12:03]   Kathir : @amit what is the support levels for bnf 15900 ce
[12:03]   Shai : Oct volumes are still coming in
[12:04]   Shai : but use 356 as support level in Can bank cash
[12:04]   Chiranthan : ok
[12:05]   Shai : can bk should bounce back up to 372 in a day or 2 – 356 holding
[12:05]   Chiranthan : Ok thanks
[12:05]   Amit J : Wrong person Kathir
[12:06]   Amit J : 8020 sellers looks stronger
[12:08]   Shai : yes + selling is more responsive now generated by the pink
[12:08]   Kathir : @amit ok 🙂 should be sharad i guess
[12:08]   Shai : BNf is getting weaker
[12:08]   Shai : 15749 may be on the way
[12:09]   Sharad : Kathir i am in bull camp with Shai
[12:09]   Kathir : @sharad what is the support levels for bnf 15900 ce
[12:09]   Kathir : even i am asking and 16800 ce too
[12:09]   Sharad : wait
[12:10]   Kathir : sure
[12:11]   Sharad : 58 is all time low in 15900 call
[12:11]   Sharad : 54
[12:11]   Sharad : res is 125/140
[12:11]   Kathir : 54 for 16900 ce?
[12:12]   Sharad : 15900
[12:12]   Kathir : ok for 15800 ce
[12:13]   Sharad : same 91 all time low
[12:14]   Sharad : res 176/200
[12:14]   Kathir : ok thanks sharad
[12:14]   Sharad : welcome
[12:15]   Kathir : @shaard do trade options using these levels
[12:15]   Kathir : do you
[12:17]   Sharad : yes but when Shai is in favour
[12:18]   Sharad : bot 16100 call @ 18 target 75 if Shai’s target 8100 come
[12:19]   Sharad : even USDINR also in selling mode from Shai’s level 61.10 so hopeful of equity goes stronger
[12:19]   Kathir : you match this with shai’s levels
[12:20]   Sharad : yes at res on charts
[12:22]   Kathir : ok really good strategy
[12:22]   Sharad : Thanks shai
[12:23]   Sharad : INR 61.04
[12:23]   Kathir : yes i missed this time
[12:24]   Kathir : even yest eve it went to 60.08 and came back to 61.01 immediately
[12:29]   Sharad : i am short at 61.08
[12:30]   Kathir : great ..trgt?
[12:30]   Sharad : 60.77
[12:31]   Sharad : and Shai’s level is 60.70
[12:31]   Kathir : ok will usd/inr setlmnt close tomrw
[12:31]   Sharad : add below 61.02 pivot
[12:31]   Sharad : no friday
[12:31]   Sharad : friday 12.15 pm
[12:32]   Sharad : 12.15 pm of third last working day of month
[12:32]   Kathir : ok thanks..so it will be all last fridays right?
[12:32]   Sharad : no no
[12:33]   Sharad : third last working day of month … like nifty last thursday of month
[12:34]   Kathir : oh ok
[12:34]   Sharad : 61.02 @ pivot
[12:35]   Kathir : next week we have a long holiday for markets continous 6 days
[12:35]   Sharad : yes 2 to 6
[12:45]   Shai : delta back to flat
[12:45]   Shai : BNf still negative
[12:45]   Shai : long traders are again closing out
[12:47]   Shai : looks like bulls waiting for the 2 pm verdict
[12:48]   Shai : spot traders will prefer a close above 8010 today
[12:49]   Shai : 15900 spot in BNF also a levels for bulls
[12:49]   Shai : BN**
[12:51]   Shai : if you see the OF charts on the 2nd screen both sept and OCT BNF dominated by sellers since open
[12:53]   Amit J : yes observed. what does that mean.
[12:54]   Shai : sellers coming in
[12:55]   Shai : could be profits in banks taken out too
[12:55]   Shai : for sector rotation in oct
[12:55]   Shai : No sign of big buyers in BN for sure
[12:56]   Shai : we want to see more buters as the BN comes close to 15750
[12:56]   Shai : *buyers
[13:03]   Shai : sellers from vwap
[13:03]   Shai : 7996 F was a stuck seller from earlier
[13:03]   Shai : not yet liquidating
[13:04]   Shai : BNF big support at 15742- 15749 F
[13:13]   Narendra : good buying happening in coal block related stocks
[13:14]   Narendra : jspl and hindalco
[13:24]   Sharad : INR 60.96
[13:24]   Sharad : nifty should booooooooooom
[13:31]   Shai : 🙂
[13:31]   Shai : looks like the orders will come only when SC clears
[13:31]   Shai : quite market now
[13:31]   Shai : more local to local
[14:03]   Sharad : INR @ 61.02 retest of broken pivot done
[14:10]   Shai : all coal blocks de-allocated
[14:10]   r m : ok
[14:11]   Shai : except govt run ones
[14:11]   Shai : 7959 visist done
[14:15]   Amit J : 742 gone BN
[14:15]   Shai : delta in BN shows sellers not cobering yet
[14:15]   r m : bn fell like a brick, one would think that banks owned all the coalblocks!
[14:15]   Shai : covering*
[14:16]   Shai : same in NF
[14:16]   Shai : this pull back off 7956 is not strong
[14:21]   r m : bnf 700 points down from all time high
[14:22]   Shai : 155180 spot supp
[14:22]   Shai : below vwap band searching for buyers
[14:22]   r m : vix shot up as promised by Shai!
[14:22]   Shai : tgt was 14
[14:23]   Shai : longs coming in NF but none in bnf
[14:23]   r m : guess BNF will position itself for Rajan’s day out
[14:24]   Shai : -237 now
[14:24]   Shai : if it goes below -200 then shorts are cobvering
[14:25]   r m : yesterday FII hiked up their long PE positions
[14:25]   r m : immediate results!
[14:26]   Shai : 🙂
[14:28]   Shai : finally buyers
[14:28]   r m : poor clients taken for a ride, they booked over 1 lakh long PE contracts yesterday itself 🙂
[14:30]   Sharad : single tick of 1502 contracts nifty
[14:33]   Amit J : looks like now it will be neutral day
[14:33]   Amit J : buy 8020 still standing.
[14:33]   Shai : has to cross 8036
[14:36]   Shai : BNF shoprts atre staying
[14:36]   Shai : pull back may be used to short again
[14:38]   Shai : 8035
[14:38]   Shai : blast
[14:38]   Chiranthan : Buy abve 8038 morning call valid?
[14:38]   Shai : yes
[14:38]   Sharad : target?
[14:38]   Shai : now delta improving in BNF
[14:38]   Sharad : 8070
[14:38]   Shai : -195
[14:38]   Shai : yes 8075
[14:39]   Sharad : ok
[14:41]   Narendra : too volatile. option trading is better
[14:41]   Shai : yes
[14:41]   Shai : emotional trading
[14:47]   Kathir : @shai shall we buy some current level CE for tomrw
[14:48]   Shai : No Kathir
[14:48]   Shai : Not now
[14:49]   Sharad : Shai still you see expiry @ 8100
[14:49]   Shai : for some reason NF is halting near 8035
[14:50]   Shai : Sharad 8042 or 8070 spot now from here
[14:51]   Sharad : ok
[14:51]   Kathir : ok shai
[14:51]   Shai : More likely 8075 will stay this series as res in sept F
[15:10]   Kathir : @shai what will be the expected bnf close for tomrw from here now?
[15:10]   Kathir : setlmnt close
[15:13]   Shai : BNf should hold 15666 I think tom
[15:14]   Kathir : ok
[15:14]   Shai : NF setllement is about the 8000 pe writer who has held up
[15:14]   Shai : tomorrow we open falt in the same range
[15:14]   Shai : and more likely a 8001- 8056 Move till about 2 pm
[15:15]   Shai : 8100 strike close is looking difficult at the moment
[15:15]   Shai : BNf sept 15740 is supp
[15:15]   Shai : 15825/ 15911 will be res
[15:17]   Shai : Tomorrow delta may be messy because of the rollovers – but from friday these charts should give us a very good idea of what the market is doing
[15:17]   Shai : 13 million in sppt today v/s 6 million in oct in Nifty – but tomorrow more likely both will be equal
[15:24]   r m : QT charts used at vtrender in 2010 🙂 http://tinyurl.com/kmy9k5d
[15:27]   Shai : haha
[15:27]   Shai : Nice ones
[15:27]   r m : nostalgia 🙂
[15:27]   Shai : Once upon a time there was only QT
[15:28]   r m : yes
[15:28]   Shai : where did u find them?
[15:28]   r m : in vtrender old blog
[15:28]   Shai : BNf finsishing weak
[15:28]   r m : blogspot
[15:28]   Shai : ok
[15:29]   Shai : option writers day tom
[15:29]   Shai : I get a feelling 8000 ce if they become over confident would be forced to cover in last hour
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Chiranthan : Bye all
[15:30]   Shai : Bye all
[15:30]   Porus : bye
[15:30]   Manik : thanks and bye
[15:30]   Shai : Have anice eve
[15:30]   Anay : bye all
[15:30]   Mandar : bye all