OrderFlow charts and Notes 28/10

[08:51]   r m : Good Morning folks!
[08:51]   r m : http://vtrender.com/levels-and-plan-for-28th-oct/
[08:52]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-271014/
[08:52]   r m : NF Hypo1 Short in range 8011-8030➜7992➜7934 (Stop 8043) Hypo2 Above 8053➜8082➜8111 (Stop 8020)
[08:53]   Porus : GM
[08:54]   r m : Correction..BNF Hypo1 Below 16550➜16488➜16456➜16344 Hypo2 Above 16630➜16700➜16900
[08:55]   Sharad : GM all
[09:03]   Shai : GM all’
[09:04]   Anay : GM All
[09:06]   Rahul G : Hello all gm
[09:12]   Sumit : gm everyone
[09:13]   Clay : gm all
[09:15]   Shai : Yesterday’s shorts exist at 8030- 8035
[09:16]   Shai : early morning ref in BNF is 16630
[09:19]   Shai : BNF sl of 16620 can do 16700
[09:20]   Shai : IF NF stays above 8010 can go to check business at 8030
[09:20]   Shai : below 8010 yesterday’s shorts are still in control
[09:23]   Shai : So far an OAIR
[09:35]   Shai : delta is much better at today’s open
[09:36]   r m : vwap bands also expanding
[09:36]   Shai : yes as open has volumes in it
[09:38]   Shai : Thse selling near 8030 will keep stops at 8044
[09:38]   Shai : can also sell if 8010 breaks today
[09:38]   Shai : BNF near 16700
[09:47]   Shai : BNF getting buyers at yesterday highs tday
[09:52]   Shai : conscious effort made in BNF today to absorb yesterdays sellers in this range
[09:52]   Shai : if you see the blue t the right of the FP chart that is the buyers wanting to come in
[09:52]   Shai : all blue from 16680
[09:54]   Shai : don’t iniitiate new buys in BNF yet abv 16700 – we will wait for IB to be done
[09:55]   Shai : ST res on spot is mentioned at 16720 spot
[10:06]   Porus : IT is on the move again
[10:09]   Shai : 10800 on spot is ref line for momentum upwards
[10:10]   Sharad : 10800?
[10:10]   Shai : cnxit
[10:10]   Sharad : ohh ok
[10:11]   Shai : 16700 -16720 spot on watch in BN now
[10:11]   Sharad : so around 16720 spot can we sell for expiry
[10:12]   Shai : Technical tgt abv 15800 which failed last time- There is a 1000 point move in BN when it trades above 15800 spot
[10:12]   Shai : kept syaing that in the blog
[10:12]   Sharad : so 16800 max target
[10:13]   Shai : Sharad could be a good point provided you put sl in system as risk reward is great
[10:13]   Sharad : ya its already run up heavy so expiry should b little down may be
[10:14]   Shai : short confirmation for the conservative comes only below VAH though
[10:14]   Sharad : so sell below 16650 VAH of yesterday
[10:15]   Shai : yes
[10:15]   Sharad : ok and what could be the target 16400 ?
[10:15]   Sharad : stop 16720
[10:16]   Shai : 16480/ 16270 of F
[10:16]   Sharad : ok good thanks
[10:16]   Shai : I try to look at a counter trend trade in 3 ways :
[10:16]   Shai : 1) i it staying below vwap
[10:16]   Shai : 2) is it below VAH
[10:17]   Shai : 3) did it do an IB range extenion on downside
[10:17]   Shai : all 3 abv will show u strngth of the seller
[10:17]   Sharad : ok will keep in mind
[10:25]   r m : Windowless aircraft http://tinyurl.com/knckof8
[10:31]   Narendra : shai view on motherson sumi
[10:31]   Narendra : shorter term view till expiry
[10:35]   r m : Taking a break
[10:36]   Manik : @rm have a strong coffee
[10:36]   r m : Thanks 🙂
[10:51]   Shai : mothersoon sumi may be hitting res at 420
[10:51]   Narendra : ok
[10:52]   Shai : 419 is the high
[10:52]   Shai : 420 obj of the move till expiry
[10:52]   Shai : now supp at 410
[10:53]   Shai : if supp at 410 breaks then 398 else rotate 410- 420
[10:53]   Shai : only a cross of 420 will give you 432
[11:05]   Chiranthan : NF short now?
[11:05]   Shai : wait still rotational
[11:06]   Chiranthan : ok
[11:22]   Shai : 16640 in BNF holding
[11:23]   Shai : more likely goes back to 16695 again
[11:23]   Shai : cmp 16557 sl 16620 tgt 16695
[11:24]   Shai : cmp 16657*
[11:25]   Shai : The auction is the same as yesterday
[11:25]   Shai : sellers seem to have chosen 8030- 35 as a point to sell
[11:25]   r m : back in circulation 🙂
[11:27]   r m : I can see that Mani kept the pink strong 🙂
[11:27]   r m : *Manik
[11:28]   Manik : @ rm trying my best , blue in nF , delta recovering keeping me onmy toes:)
[11:29]   r m : both oct and nov series delta running in same direction (well, almost!) today
[11:30]   Manik : @ vwap band has given nightmares
[11:31]   r m : Yeah, you need to increase your trade volume to tame vwap band 🙂
[11:32]   Manik : LOL
[11:39]   Kathir : Hi shai Rm and all friends
[11:40]   r m : Hi Kathir 🙂
[11:40]   r m : Now that you are here bulls will get some encouragement else it was all in Manik’s hands 🙂
[11:40]   Manik : @ rm kathir working from remote place today , expect fireworks today
[11:41]   Manik : 🙂
[11:41]   r m : good you warned me, thanks Manik 🙂
[11:41]   Kathir : 🙂 i want shai’s 7960 first
[11:41]   r m : @Kathir, in Sivakasi today? 😀
[11:41]   Kathir : all firworks done for diwali
[11:42]   r m : lol
[11:42]   Manik : lol
[11:42]   Kathir : @rm sivakasi will be ok untill i choose Kasi for living
[11:42]   r m : 🙂
[11:42]   Manik : lol
[11:43]   Kathir : now all in the hands of fomc guys
[11:43]   r m : guys or gal? 🙂
[11:43]   Kathir : 🙂 i dont know is it a lady?
[11:44]   Kathir : name
[11:44]   Kathir : ben bernaki i know last
[11:44]   r m : yeah the governor is a lady now
[11:44]   r m : all the other members are guys though
[11:44]   Kathir : like sonia gandhi ruled inda
[11:44]   Amit J : yellen
[11:45]   r m : 🙂
[11:45]   Kathir : ok sumit from now ill keep in mind
[11:45]   Amit J : she cant speak due to germany… dont worry about her
[11:45]   Kathir : Amit
[11:51]   Kathir : @manik based on hypo did u sell nf at highs today?
[11:52]   Manik : bht some puts
[11:54]   Kathir : good
[11:54]   Kathir : esy trade
[11:54]   Kathir : i missed it not feeling well s
[11:55]   Manik : down move not convincing
[11:55]   r m : yeah, more of a grind then move
[11:55]   Kathir : yeah no force
[11:56]   Manik : 🙂
[11:56]   Kathir : only air is there we need air force
[11:56]   r m : lol
[12:02]   Kathir : @rm now delta did not change much but oct went to + nf?
[12:02]   Kathir : nov
[12:03]   r m : yes, by and large moving together
[12:12]   Manik : @ rm day high possible in BNF?
[12:12]   r m : moving with gusto, let us ask Shai about MP view
[12:14]   r m : Nov delta is still negative
[12:15]   Manik : yes
[12:23]   r m : vwap sends back, now it is in the hands of Shai-rekha!
[12:37]   r m : Europe open is 13:30 now! they are back to their old habit of saving day-light!
[12:37]   Manik : 🙂
[12:40]   r m : European summer time from last March Sunday to last October Sunday – very complicated schedule, guess 1st April and 31st Octboer was too simple for those sophisticated guys 😀
[12:42]   Shai : lot more buyers have come in NF now
[12:42]   Shai : delta at day highs
[12:42]   Sharad : Shai can it be arollover effect ?
[12:42]   Shai : 8006 is the buyer who absorbed all the selling
[12:42]   Amit J : is it failed auction shai at 8006
[12:43]   Shai : possible Sharad- can never be certain in expiry week
[12:43]   Shai : Yes Amit good chance of FA if we go to 8030
[12:43]   Shai : certainly no selling seen below IBL
[12:44]   Amit J : thanks
[12:49]   Manik : @ shai comments on BNF
[12:53]   Kathir : @manik it is a nice one to trade
[12:54]   Kathir : some sellers coming bnf?
[12:54]   Manik : 🙂
[12:55]   Kathir : manik what was Sl for nf short today?
[12:56]   Manik : 8030
[12:56]   Manik : 8044
[12:56]   Manik : * sorry 8044
[12:57]   Kathir : ok thanks
[12:59]   Shai : BNF 16620 supp for the day
[13:00]   Manik : thanks shai
[13:00]   Kathir : pink in both but nf delta moving up
[13:03]   Shai : Kathir IB band trade should take it to 8030 again, sl just below 8004
[13:03]   Shai : even this 10 pont drop in NF is being absorbed
[13:04]   Kathir : ok
[13:05]   Kathir : @shai holding yest PE?
[13:05]   Shai : yes sl of 8036 on that
[13:05]   Kathir : hold it
[13:05]   Kathir : ok shai thanks
[13:10]   Kathir : @rm in nest we cant place bnf order more than 5000 shares.if you want to buy 10k we have to place two rders
[13:11]   Kathir : doubt is that can we sell alll in one time/
[13:11]   Kathir : by using square off option
[13:14]   r m : will have to check with Zerodha, maybe difficult if the 200 lots limit is kept blindly like a govt circular 🙂
[13:15]   Kathir : yeah nf 10000
[13:15]   Kathir : is this a sebi rule
[13:15]   r m : i think it is from nse
[13:15]   Kathir : oh ok
[13:15]   r m : just a sort of check
[13:16]   Kathir : on setlmnt days it is difficult to trade huge quantity
[13:16]   r m : yes
[13:17]   r m : I am saying ‘yes’ as if i ever trade those quantities 😀
[13:17]   Kathir : 🙂
[13:18]   Kathir : 50 paise 10000 qty is not a big deal
[13:18]   r m : lol
[13:18]   r m : i was thinking in terms of future 🙂
[13:18]   Kathir : oh may be in future we do it
[13:18]   Kathir : then we can try to bend shai’s vwap band
[13:19]   r m : yeah, Manik has some plans that way, so next time you see vwap band bending, you know the moving force behind it 🙂
[13:20]   r m : then how do you cope, by placing multiple limit orders for options?
[13:22]   Kathir : understaood 🙂
[13:30]   Manik : @ rm bas sab aapki kripa hai 🙂
[13:30]   r m : 🙂
[13:31]   r m : looks like someone kept a sponge at 16660!
[13:35]   Kathir : nf delta 400 +
[13:35]   Kathir : some sudden upside move there?
[13:36]   r m : could be rollovers too
[13:37]   r m : Shai-rekha sent NF back!
[13:42]   Narendra : shai intra view on sunpharma
[13:46]   Shai : sunpharma 841 cash place to book longs or go shrt eveb with a 5 point stp
[13:47]   Shai : 812- 815 band is good positional supp now in sun pharma
[13:47]   Narendra : ok
[13:50]   r m : @Kathir, that 400+ nf delta showing its effect 🙂
[13:50]   Shai : 16687
[13:50]   Shai : FA confirmed
[13:50]   Sharad : So now FA auction @ 8003 ?
[13:50]   Sharad : ok
[13:51]   Kathir : @rm yes ge
[13:52]   Shai : worked second tme- book if in: (11:23) Shai :cmp 16557 sl 16620 tgt 16695
[13:52]   Narendra : shai bob intra view
[13:53]   Narendra : motherson sumi was spot on
[13:53]   Shai : Neutral day now in NF
[13:53]   Shai : 8018 is neutral center for close
[13:53]   Shai : But neutral extreme is still possible
[13:55]   Clay : ES has taken out yesterdays high
[13:56]   Shai : Bob 909 sl can do 933
[14:00]   Shai : NF yesterday : http://vtrender.com/wp-content/uploads/2014/10/NF_vol_at_price_112.png
[14:00]   Shai : 8028- 8035 used to sell yesterday
[14:00]   Shai : abve 8035 we go to 8053
[14:00]   Shai : sl of 8025
[14:03]   Amit J : 80% trade in nifty with IB breakout?
[14:03]   Amit J : also FA at 8006 now confirmed?
[14:05]   r m : FA at 8003 confirmed
[14:05]   r m : 80% is done
[14:06]   Amit J : oh yesterday VA was too small.
[14:06]   r m : yes
[14:06]   r m : IB is also just 19 points today
[14:07]   r m : 2IB will be 8047
[14:09]   r m : BNF has done that 16630-1670 hypo twice
[14:09]   r m : 16700
[14:12]   Kathir : @RM why cant we do counter trade in bnf 16500 pe with 10 points Sl avobe todays high
[14:12]   r m : good idea but 16600PE may be better
[14:13]   Kathir : ok
[14:13]   r m : 16560 and 16720 spot are the reference levels
[14:13]   r m : 16500 will make good money only if 16560 spot breaks
[14:14]   Kathir : ok then 600 is better and spot 720 Sl
[14:14]   r m : yes
[14:15]   r m : it went upto 16702
[14:15]   Kathir : spot?
[14:15]   r m : yes, around 10 am
[14:16]   Kathir : oh ok i was not there pe there had given good profits for intra
[14:16]   r m : yes
[14:18]   r m : Shai gave ref levels for spot yesterday, nifty 7827, 7920-40, 8060
[14:18]   r m : banknifty spot 16128, 16300, 16560, 16720
[14:19]   Kathir : ok bought pe @ 58 let us
[14:19]   Kathir : 62 now
[14:20]   Manik : good bro
[14:20]   r m : yes, it touched 53 this time
[14:20]   Shai : NF 8028 ref line
[14:20]   Shai : for a neutral extreme
[14:20]   Kathir : pink bnf
[14:21]   Shai : poss tgt is 8052 and even 8082 is vwap band relents
[14:21]   Kathir : ok shai but the Sl for longs now is 8024 right?
[14:21]   Shai : hypo2 levels
[14:21]   Shai : yes Kathir
[14:23]   Kathir : ok
[14:25]   Kathir : nf delta decreasin from 500 to 325
[14:29]   Shai : yes
[14:29]   Shai : but buyer is still keeping it in the seller zone
[14:29]   Shai : which means sellers of yesterday under pressure
[14:29]   Narendra : shai intra view on sbin
[14:30]   Shai : liittle more upside to 2659
[14:31]   Shai : back to 2620 if 2660 resists tom
[14:31]   Narendra : ok
[14:32]   Shai : Nifty spot may head to 8180 if 8030 is crossed on spot
[14:32]   Shai : sl is today’s low for that view to play out
[14:34]   Kathir : @shai if suppose bnf spot crosses 720 what next levels
[14:35]   r m : (10:12) Shai :Technical tgt abv 15800 which failed last time- There is a 1000 point move in BN when it trades above 15800 spot
[14:35]   r m : so 16800 spot 🙂
[14:36]   Shai : Yes I remeber last expiry so well with that sudden drop from 16240- 16300 it was
[14:36]   Shai : that 16000 pe had gone from 22 to 700 in 3 days then on the break of 15800
[14:37]   r m : 8030 spot crossed
[14:37]   Shai : yes so far chooisng neutral extreme
[14:37]   Shai : *choosing
[14:39]   Shai : 8051- (14:00) Shai :abve 8035 we go to 8053
[14:41]   Shai : lots of sellers coming again
[14:43]   r m : can 8100CE be bought if close above 8030 spot?
[14:45]   Shai : No not today
[14:46]   r m : Thanks
[14:46]   Shai : Neutral extreme has to confirm by an open abv day high tom
[14:46]   r m : ok
[14:46]   Shai : safer if that works tom to buy
[14:46]   r m : yes
[14:47]   Shai : long have to exit
[14:47]   Chiranthan : NF longs?
[14:48]   Shai : intra longs for 852
[14:48]   Shai : 8052
[14:48]   r m : if future opens at the same level even then 8100CE will be 5 bucks cheaper tomorrow
[14:49]   Shai : have to go with Nov for that 8180 play
[14:49]   r m : yes
[14:51]   Kathir : @shai thanks booked 5rs profit in sbi short 🙂
[14:51]   r m : 🙂
[14:52]   Kathir : small bite ge
[14:52]   r m : Coimbatore infested by bears 🙂
[14:52]   Kathir : 🙂
[14:52]   Kathir : now holding bnf 16700 pe
[14:53]   Manik : 🙂
[14:53]   Kathir : 720 spot Sl
[14:53]   Kathir : nf delta falling
[14:55]   Kathir : @shai huge red bars when nf went to hih
[14:55]   Kathir : highs
[14:56]   Kathir : new sellers or profit booking by day guys/
[14:57]   Kathir : @rm even for those red bar guys shai rekha is a problem
[14:57]   Shai : profit boooking’
[14:57]   Kathir : ok
[14:57]   r m : @Kathir, yes
[14:58]   r m : They will have to hack into Shai’s system at night and move the red line, much more profitable and much less risky then robbing a bank 🙂
[14:58]   Kathir : @rm please check the volume of 16700 pe high 150 traded or not
[14:59]   r m : ok
[14:59]   Kathir : lol
[15:02]   Kathir : @manik try 2650 sbi pe
[15:03]   Manik : s
[15:03]   Kathir : Sl very small no
[15:04]   r m : @Kathir, just one lot traded at 10
[15:04]   r m : 150
[15:04]   Kathir : ok ge thanks
[15:04]   r m : but volumes were thin at open
[15:05]   Kathir : ok
[15:05]   r m : one lot traded at 149 too 🙂
[15:05]   Kathir : ge at waht time 10 a.m
[15:05]   r m : 150 was opening tick
[15:05]   Kathir : oh ok
[15:07]   r m : 93.95 was the price at 09:54, guess that was at spot peak
[15:08]   Kathir : should be
[15:08]   Clay : rm how do you check volume traded at price in Nest Trader?
[15:08]   Clay : for options
[15:08]   r m : @Clay, i am doing that with data from odin charts saved as excel
[15:09]   r m : they are semi-tick charts 🙂
[15:09]   Clay : oh ok thanks
[15:13]   Porus : Nifty spot just above 8030 now
[15:14]   r m : buyers seem to be moving in bnf at close
[15:14]   r m : 10 minute chart covered with blue
[15:14]   Kathir : ok
[15:16]   r m : balanced profile though except for those single prints below 16635
[15:18]   Porus : DAX above 9000 again. FTSE also trading positive.
[15:20]   Shai : Banknifty is normal day
[15:20]   Shai : longs coming at close in BNF
[15:23]   Shai : BNF should be a trend day tom from here
[15:23]   Shai : 200-280 points away from today’s range
[15:24]   Kathir : @shai have some nf pe hold it or exit now
[15:24]   Sharad : should we buy some call
[15:24]   Kathir : mmmmmmmm
[15:24]   Shai : No all calls abv day high of tday
[15:24]   Shai : one is neutral extreme and the other will be a break of normal day
[15:25]   Shai : Kathir NF supp is 8024/ 8003
[15:25]   Shai : bigger sell only if 8003 breaks nw
[15:26]   Kathir : ok shai let me exit now
[15:26]   Kathir : @manik
[15:27]   Kathir : sbi spot above 2660
[15:27]   Shai : BNF spot also adding longs
[15:27]   Shai : BNF OCT**
[15:27]   Manik : exited
[15:28]   Kathir : yeah me also exited bnf short with smalll profit
[15:28]   Kathir : no positions
[15:29]   Kathir : bnf delta on highs now
[15:30]   Kathir : but nf went to negative
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Kathir : thanks and bye all
[15:30]   Manik : thanks and bye all
[15:30]   Clay : bye all
[15:30]   Shai : Bye all . Have a nice eve
[15:30]   Porus : bye
[15:30]   Narendra : bye all
[15:31]   Chiranthan : Bye