OrderFlow charts and Notes 05/01

[08:57]   r m : Good Morning folks!
[08:57]   Rav : GM all
[08:58]   r m : http://vtrender.com/levels-and-plan-for-5th-jan/
[08:58]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-020115/
[08:58]   r m : NF Hypo1 above 8430➜8470➜8510 SL 8418 Hypo2 below 8418➜8391➜8353 SL 8437 JAN Future levels
[08:58]   r m : BNF Hypo1 above 19170➜19270➜19340 SL 19135 Hypo2 below 19130➜19080➜19040 SL 19184 JAN Future levels
[08:59]   Porus : GM all
[09:00]   Sharad : GM all
[09:09]   Keshav : morning all
[09:11]   Rahul G : gm all
[09:19]   Shai : GM all
[09:20]   Shai : 19170 -60 ref area
[09:22]   Shai : BNF diving down
[09:26]   Shai : BNF drive tested at vwap
[09:26]   Shai : 19280- 19125 has been a quick move
[09:27]   Shai : NF open in range and value
[09:32]   Keshav : shai looking for longs in reliance
[09:32]   Keshav : advise on levels
[09:32]   Keshav : spot market
[09:37]   Shai : sure
[09:40]   Shai : still looks angebound 870- 905
[09:40]   Shai : downside looks capped at 870 but will require big volumes abv 894 and a weekly closing abv 894 for upside momentum
[09:40]   Shai : *rangebound
[09:41]   Keshav : oh ok.thanks
[09:44]   B N : gm all – infy results on fri. 4 pm – shai can we pl have a reminder here – so that at 3.30pm on that day – we can buy lottery options for infy?
[09:45]   Keshav : morning bn
[09:45]   Kathir : Good Morning Shai RM and al friends 🙂
[09:46]   Keshav : morning kathir
[09:47]   r m : Hi Kathir 🙂
[09:48]   B N : gm rm / gm janak / gm shai
[09:48]   Kathir : BN new?
[09:48]   B N : kathir sir yes
[09:49]   Kathir : ok Hi BN ..and no sir just type name please 🙂
[09:51]   r m : Hi B N
[09:51]   B N : rm sir – trying a short from 205 based on pink color – but when to book?
[09:55]   r m : first vwap and then 19130 Sir\
[09:55]   B N : ok
[09:55]   B N : i am seeing the buy/sell qty at 19kpe – 34k/14k
[09:56]   B N : 302 alone has 10k buyers!
[09:56]   Kathir : 303 now
[09:57]   B N : all 10k buyers gone in 30 sec
[09:59]   Shai : IN options most of the time the buy/ sell quantity is a illusion
[10:00]   Shai : careful if analysing it
[10:00]   Shai : even in NF and BNF that qty if put up and goes away
[10:01]   Shai : BNF abv 19220- will go to day highs
[10:01]   Keshav : @shai advise longs levels on ntpc
[10:03]   Shai : NTPC looks good abv 140.5 all tis week
[10:04]   Shai : tgt is 147.8 and 150
[10:04]   Shai : advise is to add up abv 144.6 after a 30 min close there
[10:04]   Amit J : keshavji, ntpc is my favorire stock for long term. adding on every dip. shai recommeded dip buy at 132 earlier
[10:05]   Shai : 140.5/ 138.7 good positional supp
[10:05]   Keshav : yes looking at a long term hold
[10:05]   Keshav : strong fundamentals
[10:05]   Shai : sl is 190 for long trade abv 220
[10:05]   Shai : tgt 280
[10:06]   Shai : in BNF –
[10:15]   Rahul G : shai the VAH is different in both the charts
[10:15]   Rahul G : at 255 and at 278
[10:19]   Keshav : @rav @rm saw silence of the lambs. nice recommendation
[10:21]   r m : @Keshav, it was a famous movie of its time
[10:21]   Keshav : oh
[10:21]   Rav : oscar awards winner
[10:21]   Keshav : was it screened in india??
[10:21]   Rav : yes.
[10:22]   Keshav : oh nice
[10:25]   Shai : Rahul go with the main chart BN OF 1
[10:25]   Shai : 278
[10:26]   Rahul G : thanks shai
[10:28]   Shai : 8500/8510 OBJ OF THE MOVE ABV 8470
[10:29]   Shai : excuse the caps
[10:29]   Shai : 8452 spot ref area abv 8399
[10:33]   Kathir : @SHAI shall we use that 8452 spot levels as SL for new short here?
[10:37]   r m : Data in analysis sheets was spilling over hence some new sheets for 2015!
[10:37]   r m : http://tinyurl.com/OIAnalysis2015
[10:37]   r m : http://tinyurl.com/NSEOI2015
[10:38]   Shai : yes Kathir
[10:38]   r m : http://tinyurl.com/CurrentMonthOI remains the same
[10:38]   Kathir : thanks shai
[10:41]   Shai : profit booking coming near 8692
[10:41]   Shai : 8492*
[10:49]   Rahul G : yup shai NF was +88
[10:49]   Rahul G : now -20
[10:52]   Shai : true
[10:52]   Shai : we have added percentages on limit orders in the amt charts of the 30 min scale
[10:53]   Shai : try to ignore in the 1- 10 % range
[10:53]   Shai : but if it climbs to +/- 20 then one party is getting more aggressive
[10:54]   Shai : it was -28 in the ast 30 mins in NF and -33 now- so booking orders / selling orders
[10:55]   Kathir : @shai what is possible downside NF can go now if goes below vwap
[10:57]   Shai : 8450/ 8430
[10:58]   Kathir : ok
[10:58]   Amit J : any view positionally at it is in your imp range.
[10:58]   Shai : BNF is still shoing buyers entering
[10:59]   Kathir : bnf delta at days highs and nf at days lows 🙂
[11:00]   Shai : Amit, 1st obj of the move off friday was near 8452 spot. If 8452 does not clear we may stay sideways to down
[11:00]   Rahul G : shai I am sorry but I did not understand the below parts
[11:00]   Rahul G : (10:52) Shai :we have added percentages on limit orders in the amt charts of the 30 min scale(10:53) Shai :try to ignore in the 1- 10 % range(10:53) Shai :but if it climbs to +/- 20 then one party is getting more aggressive
[11:00]   Shai : Weekly view – In the coming week 8320 spot and 8290 spot are 2 support bands for the index. Resistance will be seen again at 8399 and if crossed then at 8452. A 50 point move above 8452 should bring 8504 and possibly 8548 from where the market began to show long liquidation last month on 8th Dec. A close below 8320 spot would mean 8242 spot levels during the week.
[11:02]   Shai : Rahul on the 2nd screen in the rows below you will find buy vol/ sell vol/ delta change/ delta day and Min delta % and Max delta %
[11:02]   Shai : most of the time the markets exchange trades , hence suggested ignore the 1-10% in the bootom 2 rows
[11:03]   Rahul G : yes
[11:03]   Rahul G : so the min delta % is 29.61
[11:03]   Rahul G : now so does this suggest shorts
[11:03]   Shai : but abv 20 % one party is being dominating
[11:03]   Shai : yes
[11:03]   Rahul G : okay get it thanks
[11:04]   Shai : it’s the same red of the chart pane on the main page expressed as a percentage
[11:04]   Amit J : no shai i asked because nifty reversed from your old level of 8444 spot
[11:05]   Shai : yes Amit, profit booking has come but not yet a reversal
[11:05]   Amit J : Anomalies on any upmove are at 8444 and at 8552. Your old comment.
[11:06]   Shai : yes that was on dec F
[11:07]   Amit J : oh sorry. thanks for update
[11:07]   Shai : 8504 spot is still pending anomaly
[11:08]   Shai : equivalent to that 8552 F
[11:17]   Kathir : @shai nf min del % suddenly came to -1 from -28
[11:17]   Kathir : and bnf became -50 from -1
[11:17]   Shai : calculated every 30 mins
[11:17]   Shai : 11.15 change
[11:18]   Kathir : oh ok
[11:37]   RK : Hi Shai, FA @ NF?
[11:39]   r m : almost, some double prints above IB though
[11:39]   RK : ok
[11:40]   Porus : FA at what level?
[11:40]   r m : Day’s high
[11:40]   Porus : ok
[11:41]   r m : @RK, my msgs stopped appearing here so had to re-login, lost that thread of conversation with you
[11:44]   RK : no issues sir 🙂
[11:45]   Amit J : shai FA in nifty at 8492?
[11:46]   r m : @RK, sir? falling into BN’s bad habits? 😀
[11:46]   RK : :))
[11:48]   Porus : @Amit, any news/view on Indag Rubber?
[11:50]   Kathir : Hi RK sir 🙂
[11:51]   RK : Hi Kathir sir :))
[11:51]   RK : ok lets all pls stop this Sir play 🙂
[11:52]   Kathir : 🙂
[11:52]   r m : too many sirs lurking around the bushes here 😀
[11:53]   RK : yep..and that;s the word I feel discomfort to use 🙂
[11:54]   r m : yes, normally i use the word sir only in humor!
[11:54]   RK : same here 🙂
[11:55]   Keshav : we call our seniors as sir
[11:55]   Kathir : so you all humoured your professors in college
[11:55]   Keshav : its a college tradition
[11:55]   RK : Kathir that contra short is good one
[11:55]   Kathir : oh you were there at that time..i thought was absent
[11:55]   RK : college story is different
[11:56]   Keshav : but we never addressed our professors as sir or madam
[11:56]   Kathir : @rk covered @ 56 and 36
[11:56]   Kathir : partly
[11:56]   r m : @Kathir, Hindi medium, addressed them as Guruji 😀
[11:56]   Keshav : we simply call them by their name with dr as title as the casemaybe
[11:57]   Kathir : oh ..then from now i will cal so 🙂
[11:57]   Keshav : guruji is nice
[11:57]   Kathir : @rm guruji
[11:57]   r m : lol
[11:58]   RK : yes here only Kathir..good trade..congrats..
[11:58]   Kathir : thanks 🙂
[11:58]   Keshav : all i learnt in delhi was only burji
[11:58]   RK : what was the trigger for you to call that short..monday morning rise? 🙂
[11:58]   Kathir : lol
[11:59]   RK : guruji name lost its respect now a days 🙂
[11:59]   Keshav : not good teachers around
[12:00]   Kathir : @RM normally shai’s spot levels are bit stronger .2) it matched with shai’s fut trgt 8500-8510 3) Sl was very near to manage 🙂
[12:00]   Keshav : in colleges these days
[12:00]   Kathir : @RK
[12:00]   r m : @RK , Guruji turned businessman by opening tuition factories!
[12:00]   RK : true true
[12:01]   Keshav : yes
[12:01]   RK : in Pondy last week, i was driving down a lane and there was a complete traffic jam with around 100-150 people standing with their bikes calmly..I was surprised and checked why so many people are waiting here
[12:02]   Keshav : ok
[12:02]   r m : maybe waiting for their CM 🙂
[12:02]   RK : he said, its a tution centre and we are waiting to pickup kids 🙂
[12:02]   r m : lol
[12:02]   Keshav : no doubt
[12:02]   RK : 3 gurujis rented 2 story building and running tution centers there 🙂
[12:02]   Kathir : lol
[12:03]   Keshav : in chennai the case is even worse
[12:03]   Keshav : i know tution centres that houses 300 in a single batch
[12:03]   RK : thats right Kathir..but spotting a trade with that levels need good temparement ..:)
[12:04]   Keshav : i was fortunate. i took commerce
[12:04]   RK : NF trying to get into IB but BNF not broken IB
[12:04]   Keshav : science students literally live in tutions after school hours
[12:05]   RK : quite a sharp move for Monday morning
[12:05]   RK : may be a clue for the week..keeping everyone in toes 🙂
[12:05]   r m : Deepak Shenoy on IT industry – http://tinyurl.com/l294b5z
[12:05]   r m : @RK, S&P ropped very sharply last week
[12:05]   r m : *dropped
[12:06]   RK : yes RM year end close was not smooth there
[12:07]   RK : Shai, Can we enter long in NF when it climbs in IB?
[12:07]   r m : 2088 last week high and 2037 is the low this week
[12:08]   RK : ok
[12:10]   Kathir : @RK normally shai’s spot levels are bit stronger .2) it matched with shai’s fut trgt 8500-8510 3) Sl was very near to manage 🙂 and delta percentage for nf at that time was around -25
[12:11]   Kathir : bnf spot low 19007
[12:12]   r m : CPI & IIP data on 12th, WPI on 13th
[12:12]   Rav : infy result on 9th
[12:13]   Kathir : @RM ok.is th option calc working fine in nest
[12:13]   r m : yes
[12:14]   Keshav : @kathir try option oracle
[12:14]   Keshav : their option calculator is awesome
[12:14]   Kathir : @keshav do we have to download it ?
[12:15]   B N : this hypo should work again? BNF Hypo1 above 19170➜19270➜19340 SL 19135
[12:16]   Kathir : @BN already done..so the levels may vary a bit based on the chart..so always check with Shai..
[12:17]   Porus : @RM, interesting article on IT industry. Thanks.
[12:17]   r m : welcome
[12:18]   Kathir : @guruji thanks for the link 🙂
[12:18]   Keshav : @kathir i ll get you the links
[12:18]   Kathir : @kesh yeah thanks
[12:18]   Keshav : http://capitalmind.in/2014/03/beta-options-oracle-updated-plugin-for-india/
[12:19]   Keshav : @kathir. this was originally shared by @rav
[12:20]   RK : noted KAthir
[12:21]   Kathir : @kesh ok thanks both
[12:22]   Kathir : @RK actually missed another counter trade ..should have bought around 8435-38 fut based on shai’s 8430 trgt 🙂
[12:22]   Kathir : i mean that range as SL ..i was out for a cup of tea
[12:22]   RK : my thumb rule is if one success contra trade is done for the day then go with the trend..no more contra trade for the day 🙂
[12:23]   Kathir : ok 🙂
[12:23]   RK : calling contra trades consequtively is very danger for me 🙂
[12:25]   Rav : 19200-19500ce SBU
[12:28]   B N : 19500ce can be a good buy i guess – positional
[12:28]   Keshav : hmm.
[12:33]   Keshav : m also looking for longs
[12:35]   Keshav : dpoc has shifted below vwap
[12:35]   Keshav : we got to break through it now
[12:35]   Keshav : then vwap
[12:36]   Keshav : yesterdays vwap seems to offer some support
[12:41]   r m : a case of getting sandwitched between two vwaps!
[12:42]   Keshav : gonna rotate here for a while
[12:43]   B N : although everything (delta / below vwap and the redline) is in favor of a 50 pts short here (till 120) – still the green of can play against it
[12:44]   Keshav : price action wise a break above 19193 with a conformation would be nice
[13:09]   RK : hypo 2 in action – BNF
[13:11]   Keshav : some huge volumes came in nf
[13:11]   Keshav : bnf too
[13:21]   RK : Shai possible to get tgt 2 in bnf?
[13:22]   Shai : looks difficult the hypo 2 in NF and BNF
[13:22]   RK : ok
[13:22]   Shai : 8379 supp in Nifty spot below 8450
[13:22]   r m : delta above +20% in BNF
[13:22]   Shai : vol expansion should happen immedaitely
[13:23]   r m : oops wrong reading
[13:23]   Rav : 19100ce onwards writing
[13:23]   r m : ok
[13:26]   RK : thought of 19000 spot in BN if we break day low..
[13:27]   RK : if we dont break 19110 but clears VWAP then day high again as per some old experience with these charts..i.e, low below IB would become a whip..have seen that quite a few time
[13:30]   Shai : there s no new selling coming at these lows
[13:30]   Shai : exit the NF hypo 2 short
[13:30]   RK : timing of the fall is early..
[13:30]   Shai : maybe one trip to vwap is due here in NF
[13:31]   B N : bn can do 320 before eod shai?
[13:32]   Shai : exit BNF hypo 2 short – I meant
[13:41]   B N : val-poc-vah can be apotential trade?
[13:43]   Shai : NF racing to vwap
[13:43]   Shai : there was no new selling at the lows below 8430 even as price stalled there
[13:43]   Shai : BN possibly 19215
[13:44]   Keshav : sl for longs here
[13:47]   Kathir : @keshav everything is ok in the calculator.but i really dont know how to use this for trading
[13:47]   Kathir : need a guruji (tution)
[13:49]   Keshav : i primarily use option calculator to understand the delta of an option
[13:50]   Keshav : how much a option price move for a corresponding 1 unit of move in the underlyting
[13:50]   Keshav : it could also be used to create strategies
[13:51]   Kathir : ok..max pain call/put ratio all those things i have to learn from basics
[13:51]   Keshav : and check their possible payoff for a given period of time
[13:51]   Keshav : max pain is used to measure the point where there is maximum pain for the buyers
[13:52]   Keshav : the strike at which most of the option buyers are bound to lose
[13:52]   Rav : max gain for sellers
[13:55]   RK : above 8470- can we try 8510 Shai with 8437 SL
[13:55]   RK : or 8450 SL?
[13:56]   RK : range below IB is worrying 🙂
[13:56]   Shai : 8450 is better
[13:56]   Shai : day profile is neutral in NF
[13:56]   Shai : can close at vwap or one extreme
[13:57]   RK : thanks
[13:57]   Shai : NF again back in IB can do 8478
[13:57]   Shai : sl below IBL
[13:58]   Shai : BNF failed auction at lows if we meet IBH again
[13:58]   B N : (13:41) B N:val-poc-vah can be apotential trade?
[13:58]   B N : (13:43) Shai :BN possibly 19215
[13:58]   Kathir : yeah its there :
[14:00]   r m : Chennai too got Delhitis? Fog delays 25 flight departures on Sunday!
[14:00]   Kathir : at chennai?
[14:01]   RK : heavy RM yday..lot of people filled their timeline with those rare mist photos 🙂
[14:01]   RK : it’s a rare snap for them
[14:01]   Keshav : oh. i was out all day . didnt find cold at all
[14:02]   r m : @Kahtir, yes
[14:02]   Keshav : had some woodenfire biryani
[14:02]   r m : It never happes there so Airport won’t be fitted with Cat III landing system like Delhi
[14:02]   Kathir : something new for chennai
[14:03]   Kathir : cat III
[14:03]   Keshav : @kathir you live in chennai??
[14:03]   Kathir : coimbatore
[14:03]   RK : we have a system in airport that something will fall down fortnight and no other system :)..if you have plans to land at chennai airport pls bring helmets 🙂
[14:03]   Keshav : @delhis fog is awesome
[14:03]   Kathir : was there 2000-2008
[14:03]   Kathir : lol
[14:04]   Kathir : fall III system
[14:04]   r m : Delhi landing possible with 50 meters visibility, Chennai needs 500 meters!
[14:04]   Kathir : oh ok
[14:04]   Keshav : oh
[14:05]   Kathir : delta suddenly dropped 60 now nf
[14:05]   RK : more than 20 minor and major incidents of glass broken, ceiling fall down etc
[14:05]   Kathir : from 120 – 550
[14:06]   r m : yep, looks like sellers at 8465
[14:06]   Keshav : @rm were you a airtraffic controller or something?
[14:06]   r m : no, i was in commercial, non-tech
[14:07]   Kathir : @keshav he worked for Indian airlines
[14:07]   Keshav : oh
[14:07]   Kathir : keshav RM is a walking encyclopedia man
[14:08]   r m : 😀
[14:08]   Kathir : any field any queries you can alsways ask him
[14:08]   Keshav : good to know such people
[14:08]   r m : @Kathir, except trading 🙂
[14:08]   Kathir : lol 🙂
[14:09]   Kathir : oops nf delta approaching negative zone again
[14:09]   Kathir : this fall is vefry fast
[14:10]   Kathir : delta
[14:11]   Kathir : @keshav thats why i preffer to call RM guruji
[14:12]   Kathir : and he will not ask tution fee
[14:12]   Keshav : i already of two gurujis in my whatsapp
[14:12]   Keshav : so have it fit in another name for rm
[14:12]   Kathir : great
[14:14]   Kathir : @rm is the delta percentage rate getting refreshed every tick
[14:15]   Rahul G : kathir I guess shai mentioned every 30 min
[14:15]   Rahul G : and it just gt nw at 2:15
[14:15]   Kathir : but it is changing frequently right
[14:16]   Kathir : nf delta -40
[14:17]   Kathir : ok i think every 30 mins it is closed and with that we can track
[14:17]   r m : @Kathir, yes, total is for 30 minute bar but refreshing with every tick
[14:17]   Kathir : ok ge
[14:18]   Rahul G : ooha okay thanks rm
[14:18]   r m : welcome
[14:19]   Kathir : so nf 1 hr buyers 2nd hr sellers and 3rd buyers domint again is it
[14:19]   r m : yes, rotation
[14:19]   Keshav : seems like we are in a corrective zone
[14:21]   RK : axis and Hdfc holding for some time.i
[14:21]   Kathir : holding some 8200 pe ill wait till close and confirm with shai to carry or not
[14:22]   Kathir : @rk yeah but bnf was sent back by shai at 19215 (shai rekha)
[14:23]   Kathir : it bnf has to decide -both end shai rekha is there 19215 19160
[14:23]   Kathir : more possbilities to close inbetween ?
[14:24]   Keshav : i think we are going down
[14:24]   Kathir : both delta new nehative highs
[14:26]   RK : Kathir yes except the open dive, we are in small range today..may close around VWAP..lets see
[14:27]   Kathir : 13:56 Shai : can close at vwap or one extreme
[14:29]   RK : Can we try hypo 2 this time?
[14:30]   Kathir : with this delta should be fine
[14:31]   Kathir : Hypo2 below 8418➜8391➜8353 SL 8437 JAN Future levels
[14:31]   Kathir : Hypo2 below 19130➜19080➜19040 SL 19184 JAN Future levels
[14:32]   Kathir : 8379 spot sup also broken
[14:34]   Rahul G : guys has anyone taken the hypo 2
[14:34]   Keshav : m in
[14:34]   Keshav : short
[14:34]   Rav : no.tired
[14:34]   Rahul G : I have tried in NF
[14:36]   Keshav : @rahul
[14:36]   Keshav : m keeping it as apositional short
[14:36]   Keshav : no intraday view
[14:36]   Kathir : Sl 8437
[14:38]   Keshav : at this poit any move above 8415 level is bullish
[14:39]   Keshav : till then planning to keep a short bias
[14:39]   Rahul G : keshav these are spot levels rgt?
[14:40]   Keshav : yes rahul
[14:40]   B N : i thought psu bank merger news will take bn to 20k
[14:41]   Keshav : the sentiment seems bullish
[14:42]   Keshav : this seems like a correction of the last ride up
[14:44]   Kathir : @rahul hypo levels are for futures
[14:45]   Kathir : for spot shai always mentions it seperately
[14:48]   Kathir : how abt europe guys today?
[14:48]   RK : flat to mild +ve
[14:48]   Rav : shortcovering of pe and long unwinding of ce happening
[14:48]   Kathir : ok
[14:49]   RK : flat only can’t say mild +ve
[14:49]   Rav : 7700-8300ce LL
[14:49]   Kathir : @rav which means more chance for downside in coming days?
[14:49]   Rav : 8200-8900PE lbu
[14:50]   Rav : This will oscillate till the decent ce OI is builtup above 8400 like how 8000pe and 8200pe oi got builtup last week
[14:51]   Keshav : oh
[14:51]   Rav : till 8th ,writers will be building up
[14:51]   Kathir : ok
[14:52]   r m : Thanks Rav
[14:52]   Rav : without sizeable oi in ce ,it is tough to trade in NF since it may go all the way to 8000-8200 range
[14:52]   Rav : Thanks rm
[14:53]   Rav : 7700-8900 PCR OI 1.36 Bullish
[14:54]   Rav : 17900-19900 PCR OI is 1.12 Bullish .What a range….
[14:54]   Rav : 2000 points
[14:55]   Kathir : yeah bnf nowadays trading such ranges easily..thats why premium in bnf options very very high
[14:55]   RK : France is dropping down
[14:55]   Kathir : like nf 🙂
[14:56]   RK : 🙂
[14:56]   Kathir : almost 90 down from highs
[14:56]   Kathir : whats is shai’s level below 8379 spot?
[14:57]   RK : 8320/8290
[14:58]   RK : I dont have any other lvls in between
[14:58]   Kathir : ok thanks
[14:59]   Kathir : In the coming week 8320 spot and 8290 spot are 2 support bands for the index. Resistance will be seen again at 8399 and if crossed then at 8452
[14:59]   Kathir : A close below 8320 spot would mean 8242 spot levels during the week.
[15:00]   RK : yes
[15:00]   Shai : NF a close at the lows today would mean a small bounce in the mrning session tom and then down again
[15:01]   RK : positional shorts not advisable then
[15:01]   Shai : no not to carry here
[15:01]   RK : ok
[15:01]   Shai : 2/1 profile has single prints
[15:01]   Shai : right under current lows
[15:02]   Keshav : http://imgur.com/vpYhRLm
[15:02]   Keshav : update on price channels
[15:02]   Shai : bounce upto 8433/ 8542 F tom is a good short opp
[15:02]   r m : Thanks Keshav
[15:04]   Porus : Shai, bnf to close at vwap?
[15:04]   Shai : LR lines in that chart?
[15:05]   Shai : Porus most pobably dpoc
[15:05]   Keshav : @shai LR?
[15:05]   Shai : profile is symetrical and dpoc close will be fair as t is hiighest volume
[15:05]   Shai : linear regression
[15:05]   Keshav : no shai
[15:06]   Shai : ok
[15:06]   Keshav : my adaptation of andrew pitchfork
[15:06]   Shai : NIce 2 way moves today in NF
[15:06]   Kathir : @shai 8542 or 8442? fut
[15:06]   Shai : 8452 current vwap
[15:07]   Kathir : ok
[15:08]   Keshav : http://imgur.com/iiUptTt
[15:08]   Kathir : @shai will nf spot try to test 8320 levels before moving up again
[15:09]   Keshav : any break below the lower channel could bring in some strong selling
[15:09]   Shai : Kathir one more upmove of 20- 40 points pending I feel
[15:11]   Rav : 8300-8600 range is building up
[15:12]   Kathir : ok shai
[15:14]   Shai : rm MO would be at?
[15:15]   Amit J : shai your view on coal for short?
[15:15]   r m : @Shai, around 54
[15:16]   r m : adv/dec 732/722
[15:17]   Shai : Thanks RM
[15:17]   r m : welcome
[15:17]   Kathir : @RM ge thanks
[15:17]   r m : @Kathir, welcome ge 🙂
[15:18]   Shai : Amitt potential downside is there till 368 but volumes are not good to break 377 yet
[15:18]   Shai : is weak below 383 though
[15:19]   Shai : Nf is deciding a close at vwap?
[15:19]   Shai : 20 points- 10 mins
[15:19]   Shai : BNF is at fair price
[15:20]   Porus : Shai, what is expected from bnf tomorrow?
[15:20]   Keshav : yesterdays vwap might act as resistance
[15:20]   Shai : I would think BNF goes to 19040 tom quickly and meets buyers
[15:20]   Shai : Has this ability to drop at open in first 5 mins
[15:21]   Porus : ok
[15:21]   Shai : hypo2 failed in BNF today even though we are below the KRA
[15:21]   Keshav : KRA?
[15:22]   Porus : so sign of strength?
[15:22]   Shai : key ref area
[15:22]   Shai : No Porus – possible sign of incomplete auction
[15:22]   Shai : 8432
[15:30]   RK : BNF close below KRA and NF missed by few points..
[15:30]   RK : bye all..Have a nice evening 🙂
[15:30]   Keshav : good day all
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : Bye all
[15:31]   Shai : Have a nice evening
[15:31]   Kathir : thanks and bye all
[15:31]   Porus : bye