OrderFlow charts and Notes 04/11/14

[08:54]   r m : Good Morning folks
[08:54]   r m : http://vtrender.com/levels-and-plan-for-3rd-nov/
[08:54]   Porus : GM
[08:54]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-3110/
[08:55]   r m : NF Hypo1 Open above 8350 & Cross of 8376➜8444(SL below 8350) Hypo2 Staying below 8350 in morning auction➜8311-8314 (SL 8377) All NOV Fut levels
[08:57]   r m : BNF Hypo1 Auction above 17187 at Open➜17296 (Stop 17080) Hypo2 Below 17080➜16978➜16880 (Stop 17189) All levels NOV Future
[09:02]   Sharad : GM all
[09:02]   Shai : GM all
[09:09]   r m : Pre-open suggests Open above PDH for NF and near PDH for BNF
[09:11]   Shai : yes It will complicate the puts we have taken in anticpation
[09:12]   Shai : No case for bearishness if we trade above pdh
[09:12]   Shai : pdh of a trend day**
[09:13]   Sumit : gm everyone
[09:15]   Shai : Big mismatch still inplace between USD and equities
[09:16]   Shai : It’s a new week with MO at around 50 so let’s see how it goes
[09:17]   Shai : Could be another OAOR in NF based on current volumes
[09:21]   Shai : BNF looks on track for 17296 sl here can be 17140 cmp 17200
[09:21]   Sumit : how do we see spot prices window in NEST. I hv
[09:22]   r m : CTRL + I
[09:22]   Sumit : *I hv lost from side windo
[09:22]   Sumit : thanks rm
[09:22]   r m : then add the indices you need
[09:22]   r m : welcome
[09:22]   r m : NEST always forgets the last view 🙂
[09:24]   Sumit : yes 🙂
[09:31]   Shai : BNF also an OAOR now
[09:32]   Shai : Exit the BNF longs around 17190- 17195
[09:32]   r m : that CNX is a threat to BNF 🙂
[09:32]   Shai : we will wait for IB to complete
[09:39]   Chiranthan : can add more 8300 pe now?
[09:39]   Shai : No Has to break below pdh
[09:39]   Chiranthan : ok
[09:39]   Shai : (09:12) Shai :No case for bearishness if we trade above pdh
[09:40]   Shai : we got 8388
[09:40]   Shai : could be a big ref line not just today but rest of the week too
[09:40]   Shai : Big run up last week may consolidate
[09:42]   Shai : 17210 is what we were expecting friday and 8377 in NF as extended tgts of the trend day
[09:43]   Shai : so far no evidence tat the NF/ BNF want to cross thoselevels
[09:48]   Amit J : shai vah for friday in banknifty?
[09:49]   Shai : 17179
[09:50]   Amit J : ok
[09:52]   Amit J : and for nifty?
[09:53]   Sharad : Shai can you put again all this levels on chart VAh , POc , VAL
[09:55]   Shai : NF at 8356
[09:56]   Shai : 8358-833608302
[09:57]   Shai : 17179- 17050- 16935
[09:57]   Shai : the values are at the bottom left of the OF chart
[09:57]   Shai : and also visisble as Horiz lines in 10 mins chart
[09:58]   Amit J : thanks
[09:58]   Shai : Theoretically the value area is not important today as friday was a trend day and the market did not create value
[09:58]   Shai : so more important would be the POC and the ability of price to stay above/ below it’
[09:59]   Sharad : ok but normaly we search as line in orderflow chart
[09:59]   Shai : yes
[09:59]   Shai : let me check on that
[09:59]   Sharad : ok thanks
[10:00]   Amit J : shai can you plz check chart of unitech
[10:00]   Shai : sure
[10:00]   Sharad : if it is bold line and price comes near it …we can alerted otherwise normal figure tend to forget
[10:00]   Shai : Sharad markings have to be reintroduced
[10:00]   Shai : will do it at close
[10:00]   Shai : sure I understand
[10:00]   Sharad : no issues
[10:00]   Sharad : but for future
[10:01]   Shai : It was there but sometime they disappear when we change from oct to nov
[10:01]   Sharad : no problem
[10:05]   Shai : unitech looking to break upwards
[10:05]   Shai : sustaining abv 21.4 should be good for the stock
[10:06]   Shai : 24 ad 26.2 are then tgts of the move
[10:08]   Shai : This is a holiday shortened week
[10:09]   Shai : tuesday and thurs are mkt holidays
[10:39]   Sumit : Shai, when you find time, can you please look for larger OF wave in NF. should be sowewhere down. hv not seen in quite a while
[10:42]   r m : must be deep down somewhere, last time it generated a buy signal was t 7927 on 20th OCT 🙂
[10:43]   Sumit : yes. bnf wave has caught up. but nf had 250 pts rise in 2 days
[10:52]   Sharad : Shai reliance 1014 ….
[10:54]   Sharad : now cross can go to 1120 /???/
[10:55]   Shai : checking vols
[10:56]   Shai : Its around 8240 Sumit
[10:56]   r m : 100 kms behind 🙂
[10:56]   Shai : lol
[10:58]   Shai : Sharad 1014 was a cash value
[10:58]   Sumit : thanks Shai
[10:58]   Sharad : ohhh what is right now … i have only futures
[10:58]   Shai : 1038/ 1044 ST tgt on cross of 1014 cash
[10:59]   Sharad : wow even my target was 1035 in this week that is why bot call @ 21
[11:00]   r m : high 1007.30 cmp 1004.60
[11:00]   Sharad : ok thanks RM
[11:00]   r m : welcome
[11:00]   Shai : It’s lookig good
[11:01]   Sharad : many many Thanks Shai for confirmation
[11:02]   Shai : most welcome 🙂
[11:09]   Porus : screens arent moving?
[11:09]   Amit J : unitech at 21.4 spot
[11:11]   r m : @Porus, yes charts frozen
[11:13]   Shai : now?
[11:13]   r m : back
[11:13]   Shai : ok
[11:14]   r m : @Shai, what is the Reliance cash support (sl) for the above view?
[11:16]   Shai : If it is breaking out should not come below the vwap of the breakout day
[11:16]   Shai : or the current day low (if taking for swing)
[11:16]   r m : Thanks
[11:17]   Shai : I think it should do 1038 based on current structure if day lows holds
[11:17]   r m : ok, thanks
[11:17]   Shai : cash
[11:18]   r m : yes
[11:29]   r m : bn trying to go above PDH
[12:12]   Porus : @Shai, SL for BNH Hypo1 remains at 17080?
[12:13]   Shai : Can be brought to vwap
[12:13]   Shai : 17140
[12:13]   Porus : ok
[12:42]   Shai : slow ace of the auction today
[12:43]   Shai : when MO is around 40 + and if the run up has been strong as it has been action shifts frm index to stock specific moves
[12:43]   Shai : during this time the index tends to remain flat and consolidate the previous gains
[12:43]   Shai : NF is so far a normal distribution
[12:44]   Sharad : so as per AMT building volume here
[12:44]   Shai : value play is coming between 8345 and 8388
[12:44]   Shai : so it will be reference areas for the next drive away depending on which side of value breaks
[12:45]   Shai : true Sharad
[12:45]   Sharad : ok
[12:45]   Shai : If you are a seller and have a beraish intent always wait for this kind of profile as value stops moving upwards
[12:45]   Shai : for a seller now :
[12:46]   Shai : 1) look for price below vwap
[12:46]   Shai : 2) look for price below val
[12:46]   Shai : 3) look for an IB extension on the south side
[12:47]   Sharad : very good info
[12:49]   Shai : Tom 80% will work like 99% on this profile it the event sets up
[12:49]   Shai : *if
[13:11]   Anay : ok thanks
[13:12]   Sharad : Shai apollo tyre is 230 where is support/Res it can go to 300+
[13:15]   Amit J : thanks shai for unitech
[13:16]   Shai : Measure move off 230 in apollo is 260 and 290
[13:16]   Shai : But volumes are not projecting a big breakout yet
[13:17]   Shai : watch daay low as supp
[13:17]   Sharad : ok thanks i wanted your confirmation 290 will do
[13:18]   Shai : Welcome Amit
[13:23]   Shai : Welcome Sharad
[13:24]   Shai : Noraml day in NF
[13:24]   Shai : vwap is as flar as a horizontal line
[13:24]   Shai : *flat
[13:25]   Shai : Those vwap bands will tell us that moves abv 8883 and below 8342 will be pushed rigt back in
[13:25]   Shai : don’t try a breakout trade in tis situation in a buy above or a sell below – I will not work
[13:26]   Amit J : seems that your unitech level will come today only
[13:26]   Shai : 12% up
[13:26]   Shai : good pick
[13:27]   Shai : even infra doing well today
[13:28]   Shai : sectoral : http://screencast.com/t/vqaGxIL7
[13:40]   Rahul N : @shai,bought PNB 950 ,what view?
[13:44]   Porus : @Shai, d you have the ST levels for 3i Infotech?
[13:48]   Narendra : where is the vwap band in bnf on upside
[13:49]   Shai : PNB upside may be restrictd at 962- 963.5 cash
[13:49]   Shai : supp is 941 now
[13:50]   Rahul N : thanks
[13:50]   Shai : vwap uppr band bnf 17309
[13:53]   Shai : 3 i initech holding 8 as supp will move to 9.3
[13:54]   Porus : OK. Thanks
[13:54]   Shai : what’s the buzz? some volumes have come
[13:54]   Porus : Dont know. HAve an existing holding.
[13:57]   Shai : ok
[14:33]   Shai : 1 hour to go and 10 points either side of vwap
[14:33]   Shai : OAOR + flat vwap= dull market
[14:44]   Shai : 17280
[14:44]   Shai : any1 long abv IBH should think of booking
[15:00]   Shai : NF lower probe now
[15:00]   Shai : 60 L vol traded till 3
[15:01]   Shai : people went on holiday on fri and did not return 🙂
[15:01]   r m : guess they will be back only on Friday now 🙂
[15:01]   Shai : or nxt Mon
[15:01]   Shai : 🙂
[15:03]   r m : only 25th dec holiday next month
[15:03]   r m : so it is serious work from 7th NOV
[15:04]   Sharad : 10th RM
[15:05]   Shai : NSE managers have no choice but to hunt nw for stops at extremes of teh day to shore up volume
[15:29]   Shai : dull day
[15:30]   Shai : 8359/ 17219
[15:30]   Shai : Bye all
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Sharad : yes Bye all
[15:30]   Shai : Hav a nice evening
[15:30]   Narendra : bye all
[15:30]   Porus : bye
[15:32]   Sumit : bye everyone