Orderflow charts and Notes 19/01

[08:53]   r m : Good Morning folks!
[08:53]   r m : http://vtrender.com/levels-and-plan-for-19th-jan/
[08:53]   Porus : GM all
[08:53]   r m : NF Hypo1 above 8566➜8610➜8636 SL 8512 Hypo2 below 8521➜8481➜8465 SL 8563 JAN Future levels
[08:53]   r m : BNF Hypo1 above 19410➜19520➜19593 SL 19315 Hypo2 below 19265➜19205➜19120 SL 19344 JAN Future levels
[08:54]   Sharad : GM all
[08:58]   Varun : good morning
[09:06]   Shai : Gm all
[09:10]   Rav : GM All
[09:10]   Varun : should we book profits on gap up or wait for the ib range to develope @shai?
[09:10]   RK : GM all
[09:11]   Shai : book if 8560 breaks at open
[09:11]   Shai : 8565 -60 ref line in NF at open
[09:11]   Varun : k thanks
[09:11]   Shai : below that we can see 8521 again and possiblly 8480
[09:12]   Shai : abv 8560 good to go towards 8610 and 8636
[09:13]   Amit J : mnm fin down 6%
[09:13]   Shai : big gloabl event this week is ECB on thurs
[09:13]   Shai : results?
[09:14]   Shai : today is HUL
[09:14]   Amit J : yes came
[09:14]   RK : poor NPL for MnM
[09:14]   Amit J : please highlight your levels. i am short
[09:15]   Shai : updated weekly and monthly on blog post
[09:16]   Shai : BNF watch 19330
[09:16]   Shai : can bring 80% rule to 19230
[09:19]   Shai : 19410 seller from thurs
[09:23]   Shai : open is open auction at the upper range of the 2 day profile in NF and BNF searching for new business
[09:26]   Shai : 19497 / 19520 obj in BNF as it probes abv 410
[09:26]   Shai : beginning to lead a drive
[09:28]   Shai : 367 is a good sl for this move up in BNF instead of 315 of the hypo
[09:39]   Shai : very much an open auctio in NF
[09:40]   Shai : hint of a open test drive in BNF and 19325 vah will be key all day
[09:40]   Shai : but should stay abv 19400 to absorb all the supply there in the bigger context of the week
[09:58]   Shai : back at 448 actually 410 spot is the earlier high
[09:59]   Shai : that premium play is moving levels around
[09:59]   Shai : delta is indicating sellers are not adding back , so upto buyers to push it up
[09:59]   RK : Yes 15th Jan high
[10:00]   Shai : yes
[10:01]   RK : one of the low premium in recent days
[10:01]   Shai : that open printed 19512 actually that day
[10:01]   Shai : but the sell volume was bigger at 19410
[10:01]   Shai : in BNF
[10:02]   RK : Yes 19517 high in F that day
[10:10]   Shai : clear auction in single prints
[10:10]   Shai : delta shows buyers in it
[10:11]   Shai : 497 obj and can look at 19621 by close if we stay abv 19365 all day
[10:17]   Shai : end of IB hour brings a little bit of selling
[10:18]   Shai : vwap on watch all ay today
[10:18]   Shai : potential drop can come between 12.30- 1.30 and if vwap holds all day then we close bnf at highs
[10:19]   Shai : NF seems to be wantimg to tay above 8560 providing no chance for new sellers
[10:19]   Shai : hypo1 should play out
[10:29]   Shai : auction has been on the slower side but purposeful
[10:29]   Shai : Bulls wants to defend the 2 day highs
[10:29]   RK : 8560F and 8530S region
[10:44]   Shai : 19418-20 should offer supp in BNF
[10:46]   Varun : are we not weak below vwap at nf
[10:49]   Varun : whats dpoc ?
[10:52]   RK : Varun hovering around VWAP is fine.
[10:54]   Rav : 8600CE and 8500PE hihest addition and mkt i sUP
[10:57]   RK : Rav so 8600 CE buying than writing?
[10:58]   Rav : YEA
[10:58]   Rav : yes . T is 102
[10:58]   RK : fine
[10:58]   Rav : sl 66.5
[10:59]   RK : Rav I think you will get that tgt if we reach 8610
[10:59]   RK : Hypo tgt
[10:59]   Rav : entry is at 73.5
[11:09]   Rahul G : shai can we have a failed auction at todays high
[11:12]   r m : NF does not have single prints any more above IBH
[11:15]   Shai : rahul was a potentia failed auction if it had gone to IBL
[11:16]   Shai : now back abv IBH
[11:16]   Rahul G : oko
[11:16]   Shai : NF is very rotational and often whne vwap and IB high are close then the market comes to vwap for support instead of IBH
[11:36]   Varun : isnt this a failed range extension
[11:38]   Shai : no
[11:38]   Shai : auction probed up second time abv IBH
[11:39]   Shai : rotational still
[11:39]   Shai : BNF at that 410- 420 support
[11:39]   Shai : previous supply now support
[11:39]   RK : Shai HDFC – can you pls advise levels..at 1190 now and wish to go for short
[11:42]   Shai : hdfc has supp at 1173
[11:42]   Shai : below that opens a drop to 1127
[11:42]   RK : thanks..on upside?
[11:43]   Shai : 1129
[11:43]   Shai : upsdie looks capped at 1205
[11:43]   Shai : upside
[11:43]   RK : ok..thanks
[11:47]   Amit J : shai failed auction complete?
[11:48]   Amit J : your view on hind zinc for long?
[11:48]   Shai : was not a failed auction Amit in NF
[11:49]   Amit J : ok
[11:50]   Shai : hoding 154 hZ is a good long but supply is at 164.6
[11:50]   Shai : if that gets taken out can give a 10 point rise to 174
[11:50]   Amit J : thanks
[12:12]   Shai : BNf losing a bit of upward momentum
[12:12]   Shai : now going back to friday mode
[12:13]   Shai : friday profile in BNf was similar
[12:13]   Shai : us markets are closed today
[12:13]   Shai : so maybe there won’t be much excitement into the close
[12:14]   Shai : vwap/ dpoc huddled together is also a sign that the market wants to remain in a low range
[12:17]   Porus : Shai, in such a case, close would be at vwap?
[12:23]   Varun : what is yestrady vah
[12:29]   Varun : what is yesterday VAH
[12:30]   r m : @Varun should be near 8540/19330
[12:33]   Varun : thanks
[12:41]   Shai : Porus yes neutral day close can be vwap though chances of 1 extreme cannot be ruled out
[12:41]   Shai : potential failed auction in NF at 8543
[12:42]   Shai : not realised yet as it works on reaching IBH as well as not visisting 8543 all day today again
[12:42]   Shai : hence qulaifying it as “potential”
[12:42]   RK : so it’s worth to keep SL of intra longs there
[12:43]   Shai : yes
[12:43]   Shai : BNF losing buying interest here
[12:44]   Shai : shanghai seems to be the wrorry for traders
[12:46]   RK : yes, banned brokers from action..globally not a good season for brokers..
[12:51]   Amit J : shai thanks for coal india. any downside levels
[13:09]   RK : SBI not moving
[13:09]   Shai : FA confirms now at 8543
[13:09]   Sharad : Hi Ravi can you check option cahin for USDINR ? price change not coming ?
[13:10]   Shai : ref lines for longs moved from 8427 to 8543 subject to close being abv 8565 today
[13:10]   Sharad : option chain
[13:11]   RK : any interference from that -400 Delta Shai on NF?
[13:11]   RK : and BNF delta is almost mute
[13:14]   Rav : Not having that chain due to system down Sharad
[13:15]   Sharad : ok no problem check tomorrow…. its not coming at all so may be NSE problem
[13:19]   Shai : RK locals in NF – have to see what remains at close
[13:19]   Shai : yes in BNF that early morning interest checked out at 19420
[13:21]   RK : ok
[13:23]   Shai : BNF 1536 touch sent it back upwards
[13:23]   Shai : auction has to complete the single prints till 510
[13:24]   Shai : I guess it was shanghai whicg came into play at 10.30 and now both are back
[13:28]   Shai : coal india 369 is supp below
[13:28]   Shai : 388- 392 visist looks ON
[13:55]   Rav : PE writers systematically selling PE of 8500 today and moved max pain from 8300-8400 last thursday and today at 8500
[14:08]   Shai : 19456 buyers again in the hunt
[14:16]   r m : if bankers go on strike nifty range may drop to 10-20
[14:17]   RK : not yet confirmed?
[14:18]   r m : no
[14:18]   r m : at least no confirmation news available on net
[14:18]   RK : ok
[14:21]   r m : confirmed now
[14:21]   r m : ET says 4 day strike from 21st
[14:21]   RK : so they go off from 21st
[14:21]   RK : ok
[14:21]   r m : yes
[14:22]   r m : 25th sunday and 26th holiday, so 6 days closure of banks
[14:22]   Varun : i think wil be cald off on second day
[14:22]   Varun : called
[14:23]   RK : great..we have ECB and Greece events in b/w
[14:24]   r m : @Varun, OK
[14:24]   Varun : businesses will go for topsy turvy if
[14:24]   Varun : if 6 days no banking
[14:25]   Varun : rm what chances of a range extension ?
[14:25]   Varun : to ib2 trgt ?
[14:26]   r m : vwap band has expanded upto 2IB I think
[14:26]   r m : but that seller at 8588 is not leaving his seat!
[14:27]   Varun : hmmm
[14:33]   Varun : delta at max
[14:35]   Varun : rm delat at max ?
[14:35]   Varun : delta
[14:37]   r m : yes, at minimum 🙂
[14:37]   Varun : what does it say ?
[14:37]   r m : agressive oders are for sell
[14:37]   Varun : k
[14:38]   r m : though they could not impact price since morning, NF delta has been negative thru out
[14:39]   Varun : we r below vwap after trying fr a range extension, failed auction at low revisit
[14:39]   Varun : has a chance
[14:52]   RK : seems time to settle with positional.grinding all through the day and open with gap up..low range in the day will not allow to trade 🙂
[14:54]   r m : 🙂
[14:58]   Shai : hul out
[14:58]   RK : lot of people had huge bet there
[15:08]   Shai : had run up too much ahead of earnings
[15:11]   RK : ok
[15:11]   RK : dropped 5% now..
[15:12]   RK : good built up of premium during griding in both
[15:16]   Shai : that FA is now counted at 8543
[15:16]   Shai : cose is coming at vwap/ dpoc
[15:17]   Shai : would also mean a amrjket which opens around here tom and no advantage of an overnight hold
[15:17]   Shai : 8543 and below tomorrow is a sign of weakness to 8465/ 8427
[15:18]   Shai : these profiles give rise to a trend day generally, so we should get a good move tomrrow
[15:20]   Shai : from last Mon we had 97, 109, 104, 136 and 81 as range
[15:20]   Shai : today 45 is the lowest
[15:21]   RK : this is lowest in 2015 🙂
[15:21]   Mandar : GA All. Shai view on united spirits pls
[15:21]   Shai : delta is suggesting 2 shorts at 8577- 8583
[15:22]   RK : BNF lowest from 02nd Jan 171 range
[15:23]   Shai : ubl suggests a run up exhaustion
[15:24]   Shai : at 950 there isn’t a new trade, but 971 looks difficult to cross here
[15:24]   Mandar : 3390 rate
[15:24]   Shai : can drop to 920 and then have to see if buyers show
[15:24]   Mandar : macdowell
[15:25]   Shai : oh
[15:25]   Shai : half a sec
[15:25]   Shai : I was looking at UBL
[15:25]   Mandar : 🙂
[15:29]   Shai : Sorry Mandar- I’m not getting data
[15:29]   Mandar : ok
[15:30]   Shai : expecting anything big?
[15:30]   Mandar : sun pharma support? 855?
[15:30]   Mandar : yep in mcdowell
[15:31]   r m : Thanks and bye folks, have a great evening 🙂
[15:31]   Shai : Sun pharma move supp to 845 this week
[15:32]   Mandar : thanks Shai.
[15:32]   Shai : welcome
[15:32]   Shai : Bye all – Have a nice evening
[15:32]   Porus : bye
[15:33]   Mandar : bye all