OrderFlow charts and Notes 19/12

[08:50]   r m : Good Morning folks!
[08:50]   r m : http://vtrender.com/levels-and-plan-for-19th-dec/
[08:50]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-181211/
[08:51]   r m : NF Hypo1 above 8197➜8233➜8288 SL 8174 Hypo2 below 8166➜8139 SL 8189 DEC Future levels
[08:51]   r m : BNF Hypo1 above 18420➜18559➜18692 SL 18330 Hypo2 below 18255➜18150 SL 18310 DEC Future levels
[08:51]   Porus : GM al
[08:52]   Keshav : morning all
[08:52]   Keshav : @rm nice close in es
[08:57]   r m : yeah!
[08:58]   r m : SGX Nifty 60 points up above Target1 in NF Hypo1
[09:00]   Sharad : GM all
[09:00]   Shai : GM all
[09:02]   Assortz : GM all
[09:11]   Amit J : gm
[09:13]   Ravi : gm shai, rm
[09:15]   r m : Hi Ravi
[09:15]   Shai : expected open in Nifty spot above 8170 will pressurise shorts
[09:15]   Shai : 8275 point of ref abv 8170
[09:17]   Amit J : this is future or spot levels?
[09:18]   Shai : spot
[09:19]   Shai : BNF open near 18560
[09:20]   Shai : advise is to part book longs and reenter after close of IB
[09:21]   Shai : in this swing up the open has been sold and buyers are reentering after 10.15
[09:22]   Shai : we missed a trickby closing some NF at the close
[09:22]   Shai : 8230 was what was expected at the close yesterday based on the profile type
[09:23]   Shai : ability to hold 8225 now is still bullish and may put 8288 F on track
[09:23]   Shai : 18510 is a supp in BNF
[09:27]   Ravi : 09:20 Shai : advise is to part book longs and reenter after close of IB
[09:27]   Ravi : ib@
[09:29]   r m : 10:15
[09:29]   r m : IB is first hour balance
[09:29]   Shai : conflicted nw
[09:29]   Shai : looks like shorts are running now
[09:29]   Shai : and no gap fill
[09:30]   r m : Open, test, reverse in NF?
[09:31]   Shai : no reverse yet
[09:31]   r m : ok
[09:32]   Shai : still open driving up partly
[09:32]   Shai : 8225 ref line for longs
[09:32]   Shai : BNF is an OAOR
[09:32]   r m : Thanks
[09:32]   Shai : but vwap band is expanding in NF so volume coming in
[09:33]   Ravi : there are 3 vwaps. one is present in the middle which is current. bootom anf top one ?
[09:34]   Shai : we will take that long abv 8233 for 8288 hypo abv 8252 F now with sl of 8225
[09:35]   r m : @Ravi, centre one is the vwap
[09:35]   r m : top and bottom are vwap bands
[09:36]   Assortz : that was quick not allowing even fast fingers 🙂
[09:38]   r m : @Assortz, maybe we should hire Janak’s fingers for such times 😀
[09:39]   Assortz : true :)..the micro second Shai hit the enter button it Jumped 🙂
[09:39]   Assortz : Shai, can we enter if we get it around 8252 for 8288 or lets wait
[09:44]   Shai : assortz yes can eneter
[09:45]   Assortz : thanks
[09:46]   Shai : 8274 spot/ 8288 F imp numbers all day today
[09:46]   Shai : beyond them the seller will be forced to cover
[09:47]   Shai : BN spot 18420 is sl now on positionals
[09:47]   Shai : 18563 of today is weak high
[09:48]   Shai : can extend upto 18618 spot by close
[09:48]   Shai : 18510 and 18320 still supports in F
[09:50]   Shai : eyes on vwap all day now in NF
[09:50]   Shai : BNF is falltening out
[09:50]   Shai : NF is a semi drive
[09:50]   Shai : what can happen is every dip to vwap can be used by shorts to cover
[09:51]   Keshav : hmm
[09:51]   Shai : but if vwap fails we get day low again
[09:51]   Assortz : 12th FA any relevance still Shai?
[09:51]   Shai : larger spot view is now positive abv 8170 for 8274
[09:52]   Shai : NO I checked that one- it was a few stray ticks
[09:52]   Assortz : ok
[10:06]   Assortz : NF delta neutral to -105
[10:19]   Shai : yesterday wa sbig positive
[10:19]   Shai : could be profit booking
[10:19]   Shai : we are finding a way of providing a delta cumulative fig from a swing high or low
[10:20]   Shai : It’s not in the system at the moment – so we will have to make a mental note of the previous session
[10:20]   Shai : as opposed to all day delta – a delta from a multi ay swing high or low is more better
[10:20]   Shai : 8271
[10:21]   Assortz : yes that would help
[10:22]   Shai : also we have to undertand that the delta fig is not intra day but many of those players will be multi day players like some of us
[10:23]   Assortz : got it
[10:25]   Assortz : Aussies last pair too stay strong 🙂
[10:25]   Shai : 🙂
[10:26]   Assortz : frustrating after missing a good chance to take a lead:)
[10:40]   Shai : vwap seems to be holdig NF
[10:40]   Shai : has become quiet
[10:41]   Shai : friday afternoon move is there today
[10:41]   Porus : usually up?
[10:41]   Shai : early shorts of the move v/s late buyers of this week
[10:41]   Shai : some1 has to close
[10:41]   Shai : Porus structure so far is up
[10:42]   Shai : (09:46) Shai :8274 spot/ 8288 F imp numbers all day today
[10:42]   Shai : (09:46) Shai :beyond them the seller will be forced to cover
[10:52]   Kathir : GM Shai RM and all friends
[11:00]   Assortz : Hi Kathir
[11:03]   Kathir : vix back to 14
[11:19]   Assortz : approaching 420 spot
[11:32]   Kathir : @RM JI WHATS THE mo NOW
[11:32]   Kathir : MO
[11:33]   r m : will check, it was -38 last evening
[11:34]   Keshav : @rm ji where can i find the introductory post on MO
[11:41]   r m : trying to search that 🙂
[11:41]   Keshav : K
[11:42]   Ravi : 8300pe is written. 8000-8200 PCR is comfortable
[11:43]   r m : @Kathir, -8 at present
[11:44]   Assortz : Shai, Is it ok if we add longs till low is taken out in BNS
[11:44]   Shai : add abv vwap only now
[11:44]   Kathir : @rm thanks
[11:44]   Assortz : ok
[11:45]   Porus : shai, bnf abovr vwap can do 80%?
[11:45]   Porus : *above
[11:46]   r m : @Keshav, here is a link for understanding MO – http://tinyurl.com/7dg3f37
[11:46]   Keshav : THANK YOU
[11:47]   Keshav : sorry caps by accident
[11:47]   r m : welcome
[11:52]   Shai : Porus there is no 80% trade abv vwap as we are abv value and pdh
[11:52]   Shai : You may be refering to IB band trade- yes that is poss abv vwap with sl just below IBL
[11:53]   Porus : thats what I meant.
[11:53]   Shai : as long as green remanins that trade is there
[11:53]   Shai : amt chart is showing responsive buying again at the lows
[11:53]   Shai : these buyers have been coming after IB hour for the past 3 days and closing market near the highs
[11:58]   Amit J : shai can you please mention profile value of last mth. as we are approaching low of last mth. very good chance of 80%
[12:08]   Keshav : es seering up
[12:18]   Shai : last month low 8290 spot
[12:18]   Shai : value : 8305- 8375- 8454
[12:19]   Shai : BN spot high was 18610
[12:19]   Shai : vah was 18010
[12:20]   Shai : poc 17590
[12:20]   Shai : val 17190
[12:20]   Assortz : two algo one at 18476 and one now first one sending up and second one sending down
[12:21]   r m : @Assortz, near expiry algos could be rollovers too
[12:21]   Shai : Nifty profile was more balanced so chance of that 80% by 31st is higher
[12:21]   Assortz : yes possible
[12:22]   Shai : would be also in line with the expected short covering move if 8275 spot is taken out
[12:22]   Shai : be back in a while
[12:28]   Amit J : thanks shai
[12:30]   Assortz : europe open higher
[12:41]   Janak : gm all – anyone trades crude oil here apart from me?
[12:42]   Keshav : i keep a check daily
[12:42]   Keshav : no trading
[12:44]   Janak : shai has wonderful charts for comm also but now he has sh(ai)yed away from those
[12:44]   Keshav : hmm
[12:51]   Janak : santa-guys resuming?
[12:51]   Assortz : may be one more dip at IBH and then Janak
[13:19]   Janak : watching PK tonight – excited – cant wait
[13:34]   r m : @Janakbhai, BNF also wants to watch PK
[13:41]   Assortz : @Janak PK at mayajal ? 🙂
[13:47]   Janak : no assortz in pondy
[13:47]   Janak : rm is there any corelation betn equities and crude – both go up together?
[13:48]   Janak : mkt reversed from 8000 spot and crude also bounced
[13:48]   Assortz : Janak it may be correlation between USDINR
[13:48]   Assortz : I stopped trading crude when USDINR lost its balance about 2 yrs ago
[13:49]   Janak : with shai’s charts – it would be easier
[13:55]   r m : @Janak, maybe you could set up your own charts for mcx with inputs from Shai?
[13:56]   Rahul N : @shai is dlf still on for 123?
[13:57]   Janak : rm not that much knowledge man
[13:57]   r m : ok
[13:57]   Assortz : mild drop in europe,asia,crude,S&P – all
[13:57]   Janak : why shai”s tables for BNF/spot are showing -ve?
[14:00]   r m : I think that is showing Open – LTP instead of Previous Close – LTP
[14:01]   Janak : no that down arrows in red
[14:01]   Janak : ok
[14:01]   r m : yes
[14:01]   Janak : i think shai has a problem with feed from MCX
[14:02]   r m : may also have an issue with 24 X 7 hour work 😀
[14:04]   r m : NF also wants to test IBL
[14:04]   Assortz : this time VWAP resists..have to see if day low holds for BNF
[14:05]   r m : oops NF IBL is too far
[14:05]   Assortz : 485 is the first pull back in the morning
[14:05]   r m : getting buyers around 8250
[14:05]   Shai : yes dlf closer to 124 possible
[14:05]   Shai : sl is 138.9 cash
[14:05]   Rahul N : thanks
[14:06]   Shai : welcome
[14:08]   Janak : shai 690 by close?
[14:08]   Janak : it is 2ib also i guess
[14:10]   Shai : possible Janak
[14:10]   Shai : may also close at vwap
[14:11]   Shai : friday last hour anything can happen
[14:14]   Janak : shai is there any way to bribe u to get crude charts here? ;;
[14:19]   Janak : shai – crude/nf/bnf move in same direction?
[14:22]   Shai : Yes Crude is good for glabl growth story to an extent
[14:22]   Shai : when it falls down like it has now it is a souce of worry
[14:22]   Shai : when it rises too fast then also a worry
[14:22]   Shai : has to do with economics more than markets like inflation etc
[14:23]   Ravi : most of the kickback is factored in crude by various countries politicians
[14:24]   Ravi : when it goesup, consumers worry and falls down, politicians worry
[14:25]   Shai : 🙂
[14:26]   Janak : crude was around 7500 man last year
[14:26]   Janak : it fell violently from there
[14:27]   Assortz : BNF all premium gone from morning..
[14:27]   Janak : on expiry days during last trading hours – crude always falls 🙂
[14:28]   Janak : discovery
[14:28]   Janak : yday it fell 200+ from day high and it was all an easy trade – sell and sleep
[14:32]   Janak : corelation: bn did 460 to 525 / crude did 3470 to 3505
[14:33]   Janak : now if bn goes to 600 – crude should be around 3525-30 – lets C
[14:40]   Ravi : http://www.marketoracle.co.uk/Article27213.html
[14:41]   Janak : crude 3515 – so both go in same direction – together
[14:41]   Janak : rm I need an R&D award for this 🙂
[14:42]   Assortz : one chart two trade then Janak..why to trouble Shai? :))
[14:42]   Janak : i accept only cash in award ;
[14:42]   r m : ROTY (researcher of the year award) bought by Janak 🙂
[14:42]   Janak : lol
[14:43]   Janak : i thought u r giving me Manoj Kumar’s Roty kapda or ileana;
[14:43]   Porus : maybe Shai could start the crude chart and leave it on auto pilot.
[14:44]   Janak : Porus i agree
[15:05]   Assortz : reverse action of yesterday
[15:23]   Shai : this friday close is neutral in the contect of the week
[15:23]   Shai : context*
[15:23]   Shai : bears hel on that test upwards at 8263+
[15:24]   Shai : but abv 8170 is a worry for them
[15:24]   Shai : auction is again balanced today finding value here
[15:24]   Shai : value areas come into play for bias on mOnday
[15:25]   Shai : Long abv ah and short below VAL on MON will be easy trades with today’s vwap as sl
[15:25]   Shai : *long abv VAH
[15:26]   Ravi : can i see vah and val on chart?
[15:26]   Shai : yes the green lines on the MP chart on right
[15:26]   Shai : 8268- 8244 for Mon
[15:26]   Shai : 18560- 18496
[15:27]   Shai : purple shaded
[15:27]   Ravi : yes got it
[15:28]   Ravi : in bn 18560
[15:28]   Ravi : 18496
[15:28]   Shai : yes
[15:29]   Ravi : vwap18524
[15:29]   Shai : 8225 was held but fel short of 8288 by 11 points- (09:23) Shai :ability to hold 8225 now is still bullish and may put 8288 F on track
[15:30]   r m : Thanks and bye folks, have a great weekend 🙂
[15:30]   Shai : BNF closing near vwap
[15:30]   Shai : 2 way auction today and equal
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice weekend
[15:31]   Assortz : bye all
[15:32]   Porus : bye