OrderFlow Charts and Notes 16/03/15

[08:50]   r m : Good Morning folks!
[08:50]   r m : http://vtrender.com/levels-and-plan-for-16th-march/
[08:50]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-130315/
[08:51]   r m : Nifty MAR Future levels Key Reference Area 8615 UP Hypo1 above 8615➜8655➜8685 SL 8599 DOWN Hypo2 below 8599➜8566➜8514 SL 8615
[08:51]   r m : Banknifty MAR Future levels KRA 18770 DOWN Hypo1 below 18770➜18610 SL 18880 UP Hypo2 above 18900➜19000➜19080 SL 18815
[08:51]   r m : Nifty Spot weekly levels Support 8572/8464 Resistance 8720-40/8820
[08:51]   r m : Banknifty Spot weekly levels Support 18400-500/18200-18146 Resistance 18950-19000/19390
[08:56]   Porus : GM Rm and all
[08:56]   r m : Hi Porus
[09:00]   Shai : GM all
[09:00]   Sharad : GM all
[09:06]   Sachith : GM all
[09:11]   Kris : GM All:)
[09:12]   Tejpreet : GM All.
[09:13]   r m : Hi Kris 🙂
[09:14]   Kris : Hi RM 🙂
[09:16]   Amit J : GM
[09:20]   Shai : There’s a small issue at our end owing to which the right half of the screen will have a blank patch for most.
[09:20]   Shai : It’s DATD today- Day after trend day
[09:21]   Shai : auction should continue probing down a bit
[09:21]   Shai : Wed is fomc
[09:21]   Shai : so more likely a balance forms in a 100 point range before we move into that event
[09:22]   Shai : see 8616- 8720 F as a potential range for NF
[09:24]   Vishal : shai view on adani power?
[09:28]   Shai : adani power slight weakness below 50.7
[09:28]   Shai : can droop to 49
[09:28]   Shai : but abv 50.7- 51 has an easy run to 53.7
[09:31]   Shai : Short NF with sl of 8692 tgt 8616- cmp 8660
[09:33]   Vishal : ok shai thanks
[09:36]   Shai : very open auction for Mon
[09:38]   Shai : 8655/ 8685
[09:43]   Vivek : day type – normal variation ?
[09:44]   r m : OAIR so far I think
[09:45]   Shai : OAIR
[09:45]   Shai : Day type gets decided after 11.00
[09:46]   r m : bnf pushed above pullback high of 18926 for some time
[09:46]   Shai : anomaly at 19080 BNF has a chance of visist if we stay abv friday low
[09:48]   Shai : I saw it at that 19000 mark abt 19020 around 1.45
[09:48]   r m : 19014
[09:49]   r m : 18926 happened at 14:45 🙂
[09:53]   Kathir : Hi All
[09:54]   Shai : ok
[09:54]   r m : Hi Kathir
[09:56]   Kathir : @RM how abt MO now
[09:58]   r m : MO is still young, in early 30s and no sell off so far today
[09:58]   Kathir : ok thanks
[09:59]   Kathir : @shai views on NTPC still can hold?
[10:00]   Kathir : or any SL for longs now
[10:02]   Shai : exit below 154.5 Kathir
[10:02]   Vishal : shai axis bank view?
[10:03]   Shai : can remain range bound this week NTPc
[10:03]   Shai : 154- 164
[10:03]   Kathir : ok shai thanks
[10:05]   Shai : axis weak below 581 all week, use higher levels like a 576 revisist to get into shorts with sl of 581
[10:06]   Vishal : ok shai
[10:09]   Amit J : very badly hammered on friday. i was in palitana.
[10:10]   r m : yeah, we missed you
[10:15]   Sachith : shai…. century ,relcap long view
[10:23]   r m : 10:15 and red over IBH in BNF, looks like Kris’s followers are shorting 🙂
[10:25]   Shai : Relcap 470 holding up well as supp
[10:26]   Shai : Now fresh long abv 483 for 496
[10:27]   Sachith : ok… thnx
[10:27]   Shai : century tex 583 supp now
[10:27]   Shai : look for a test of 605-616 again
[10:29]   Shai : lot of aggressive selling in BNF
[10:31]   Sachith : BoB good short? shai?
[10:35]   Shai : BNF is a sell here for vwap 18893 with day high as sl
[10:37]   Shai : BoB not doing much
[10:38]   Shai : within a range fo 175- 182 last week- yes can short with sl abv last week’s high and look for rotation dow to 177/ 174
[10:38]   Sachith : yes .. thnx
[10:40]   Vishal : amit unitech call still active?
[10:41]   Amit J : yes
[10:43]   Kathir : @amit what is that unitech call? buy ce
[10:44]   Amit J : yes i am holding both unitech and century calls
[10:45]   Shai : Potential failed auction in BNF as a setup
[10:45]   Shai : watch vwap
[10:49]   Shai : vwap done can hold with sl abv 18955: (10:35) Shai :BNF is a sell here for vwap 18893 with day high as sl
[10:50]   Shai : tgt 18846
[10:50]   Kathir : @amit any news for unitech this week
[10:51]   Amit J : yes some news exected
[10:51]   Kathir : ok thanks
[10:51]   Kathir : shal buy 22.5 ce amit?
[10:51]   Kathir : the strike is 20 , 22.5 25 ..
[10:52]   Shai : yes can bounce on charts show 22.5 if volumes come
[10:52]   Kathir : ok shai thanks
[10:52]   Tejpreet : unitech is ban period
[10:53]   Shai : Friday big seller- #) Further selling was seen at 8685.
[10:53]   r m : @Tejpreet, whole 95% cornered by Amit :
[10:53]   r m : 🙂
[10:53]   Tejpreet : 🙂
[10:54]   Amit J : i was on leave on friday and people took advantage of that 🙂
[10:54]   r m : lol
[10:55]   Kathir : lol
[10:55]   Shai : Tejpreet at 83.2 % hence the realtive weakness
[10:55]   Shai : will be ok at 79%
[10:55]   Shai : MWPL
[10:56]   Tejpreet : Ok .. have initiated long in apollo tyre in morning dip looking stable now shai your views on apollo tyres.
[11:00]   Shai : apollo tyres 162.2 was a price objective for the move
[11:00]   Shai : Longs safe abv 170 this week and ride can be upto 181
[11:01]   Shai : use 162.1 as sl if long already
[11:01]   Shai : I’m a bit wary on longs as stock can close at lows today
[11:02]   Tejpreet : today low was 165 …so can hold with your sl of 162.1..Thanks.
[11:02]   Tejpreet : I know but risk reward seems good in apollo for that upmove.
[11:02]   Shai : true- beaten up quite a bit
[11:08]   Kathir : @shai did you see any reversal in NF bnf from these levels or still down pending?
[11:08]   Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/b7c0365d-10e1-43b2-8e5b-8ea8badf616a
[11:09]   Rav : one can see that 8400 in all 3 charts
[11:09]   r m : Thanks Rav
[11:10]   r m : Your charts keep getting better and better!
[11:11]   Kathir : @rav thanks for the charts. any buy based on this or any trgt you see ..
[11:12]   Shai : Kathir Buyers not in yet
[11:12]   Rav : 8500-8600ce writing on so 8600pe buying is safe bet
[11:12]   Kathir : @shai ok
[11:12]   Amit J : direction will be post wpi
[11:13]   r m : that release is at 12:00
[11:13]   Kathir : @rav ok thanks
[11:13]   Kathir : today?
[11:13]   r m : yes
[11:14]   Kathir : ok
[11:14]   r m : Previous -0.39%, forecast -0.70% (investing.com)
[11:15]   Kathir : so negative news expected
[11:15]   Rav : 18929-18866 is writers area. big fight between 19000-19500ce writers and 19000-18500pe writers
[11:17]   r m : @Kathir, more negative then expected, then you can explain market rise by expectations of rate cut and market fall due to fears of recession 😀
[11:28]   Kathir : @rm ok 🙂
[11:38]   Vivek : @shai buyer seen at 8674 lvls ?
[11:39]   Shai : yes Vivek small response
[11:39]   Tejpreet : Apollo tyre rolling now.
[11:39]   Shai : exit BNF short trdae
[12:00]   Amit J : goood no wpi
[12:00]   Amit J : banknifty breakout?
[12:01]   Kathir : no WPI?
[12:01]   Amit J : number
[12:02]   Amit J : India WPI Feb @ -2.06% vs -0.80% exp (Prior -0.39%
[12:04]   r m : Thanks Amit
[12:08]   Shai : Mostly ignored- NO increase in vols
[12:10]   Shai : auction free to move now
[12:10]   Shai : path is downwards acc to trend day data
[12:11]   Shai : Some sort of a balance being established today in NF/ BNF after the trend day imbalance of fri
[12:12]   Kathir : means shai ?
[12:12]   Shai : 8720/ 19020 F immedaite resistance for the bull to overcome to cut the downside out
[12:12]   Kathir : ok
[12:13]   Shai : till we close abv 8720/ 19020 threat of further falls this week remains
[12:14]   Shai : 18600/ 8610 tgts of the move to begin
[12:14]   Shai : F
[12:14]   Shai : 8615/ 18610 actually give in hypo
[12:30]   Shai : still sellers adding up
[12:31]   Shai : BNF neutral day
[12:33]   Shai : BNF seeling longs now
[12:33]   Shai : right near vwap band
[12:33]   Shai : could be shorts booking
[12:34]   Shai : it’s better to short closer to 18840 again
[12:35]   Navaneeth : But Footprint shows still buyers got upper hand
[12:38]   Shai : we use Previous day for context Navaneeth
[12:38]   Navaneeth : ok
[12:38]   Shai : upper hand is still with friday seller who will sell rises
[12:38]   Navaneeth : ok
[12:39]   Shai : 18840
[12:39]   Navaneeth : Sell here?
[12:39]   Shai : don’t short yet
[12:39]   Navaneeth : ok
[12:39]   Amit J : shai those buyers looks large enough. does it make sense to buy above vwap
[12:40]   Shai : still buyers BNF
[12:40]   Shai : Yes Amit
[12:40]   Shai : they could close neutral center
[12:41]   Shai : sellr can still come back 18860
[12:41]   Shai : let’s see if a trade develops on the FP
[12:42]   Amit J : shai your view on dlf?
[12:43]   Shai : sell BNF at 18855 with sl of 18895
[12:43]   Shai : tgt 18770
[12:44]   r m : are live market wide positions available on trading terminals?
[12:45]   Shai : dlf no weakness till 162.5 breaks again
[12:45]   Shai : is trying to attempt 170 here
[12:48]   Shai : No RM- Just in the alerts section
[12:48]   Shai : have to depend on them to feed it though
[12:48]   r m : ok, i guess dealers are alerted every 10 minutes?
[12:48]   Shai : I keep a check ocassionally
[12:49]   r m : ok, thanks
[12:49]   Shai : Exit BNF short trae
[12:49]   Shai : Buyer persisting
[12:49]   Navaneeth : ok
[12:50]   Navaneeth : did exit
[12:52]   Shai : 18900 to 18940 is the trade. BUy abv 18900
[12:52]   Navaneeth : ok
[13:15]   Sharad : Hi… forgot to mention sold USDINR @ 63.08 will buy back around 62.50/.55
[13:15]   Shai : good trade
[13:15]   Sharad : Shai what is support for 2-3 days ?
[13:15]   Shai : USDINR is a drive down
[13:16]   Shai : 63.32 continues to be res
[13:16]   Sharad : and support
[13:16]   Shai : 62.74 1st supp
[13:16]   Sharad : then
[13:17]   Shai : 61.98 if that breaks
[13:17]   Sharad : ohhh very dip ..so at what price i should buy back it Shai ?
[13:18]   Shai : today we should close at lows
[13:18]   Sharad : As per me 63.70/64 is must in march
[13:18]   Shai : watch if 62.68-62.74 holds up at open tom
[13:18]   Shai : then use day low of today as sl
[13:19]   Sharad : ok fine will watch there and if stays for 2-3 hours will buy again
[13:19]   Shai : good supp in that zone- will be diff to break
[13:19]   Sharad : ok sure
[13:19]   Sharad : I thought we should break 62.64 which is yesterday low
[13:21]   Vishal : shai view on tata motors?
[13:29]   Shai : tata motors locked between a seller at 567 and buyer at 553
[13:30]   Shai : watch for a break of that range- should give 28 points
[13:30]   Vishal : ok shai
[13:30]   Vishal : thanks
[13:30]   Shai : wc
[13:34]   Shai : Buyers
[13:34]   r m : piling up in NF
[13:35]   Tejpreet : Europe green affect rubbing on footprint charts …let us see if it sustains.
[13:36]   Janak : hi shai / rm / friends –
[13:36]   Janak : nice to be back in the room after a gap
[13:36]   Janak : feel at home 🙂
[13:37]   Shai : Welcome Back Janak
[13:37]   Shai : 8685 and 18975 are prev sellers
[13:37]   Janak : good lord shai – what r these charts man? 🙂 will i understand anything of this?
[13:38]   Amit J : banknifty sl?
[13:38]   Shai : lol
[13:38]   Sharad : Hi janak
[13:38]   r m : Hi Janak, welcome to the “Pathshala” once again” 🙂
[13:38]   Janak : hi sharad
[13:38]   Shai : BNF sl is day low for swing
[13:38]   Sharad : good to see you back
[13:38]   Shai : working n the FA part
[13:38]   Shai : intra day IBL
[13:39]   Janak : lol rm – pathshala me madhu bhi milega kya? 😉
[13:39]   Janak : shai a small write-up abt these charts anywhere?
[13:40]   Shai : yes vtrender premium section right side
[13:40]   Janak : ok
[13:40]   Janak : i mean the changes made in last 2 months or so
[13:40]   Shai : will drop an email
[13:41]   Janak : thnx man
[13:42]   r m : @Janak, madhu to aapne bahar bahut le liye, ab man laga ke padhai karo 😀
[13:42]   Janak : 🙂
[13:42]   Janak : HI/OP/LO values in BN box are overlapped by some other values/
[13:43]   Janak : now clear
[13:45]   Shai : very sideways auction
[13:45]   Shai : vol still 48L
[13:45]   Shai : can close at vwap
[13:46]   Shai : be back in 20 mins
[14:19]   Amit J : century back to near 600
[14:21]   Janak : bn 842 to 942 in 5 min
[14:23]   Vishal : the low on nifty is FA
[14:23]   Amit J : big order
[14:23]   Vishal : i feel the way it rebounded
[14:24]   Shai : can be an FA if we go day high
[14:25]   Shai : BNF huge seller again
[14:27]   r m : it has been a regular auction below IBL in NF (no single prints I mean) still it will be considered FA if goes to day high?
[14:27]   Amit J : shai your view on rcap
[14:27]   Shai : BNF FA confirms
[14:27]   Amit J : getting buy fall for expiry
[14:27]   Amit J : *call
[14:27]   Shai : You are right RM No FA
[14:27]   r m : Thanks
[14:29]   Shai : relcap view is that it should test abv 501 once agan
[14:29]   Shai : close abv 470 good
[14:29]   Shai : but longs comfy abv 455
[14:30]   Amit J : ok
[14:31]   Amit J : neutral extreme close?
[14:32]   Shai : look sdiff 8677/ 18980 imm supp
[14:37]   Shai : Vol at 63 L not conducive for a breakout
[14:37]   Shai : hence vwap band wud send it back
[14:38]   Shai : those vwap buyers still holding up BNF
[14:47]   Shai : vwap supp
[14:47]   Shai : we can go day low again if vwap breaks
[14:54]   r m : @Shai, lots of red in NF, should one but 8600PE for 8616?
[14:54]   r m : *buy
[14:55]   Shai : yes but positional sl if 8720
[14:55]   Shai : F
[14:55]   r m : Thanks
[14:55]   Shai : buy at close if close near highs
[14:55]   r m : ok
[15:04]   Shai : Can buy the PE at vwap close also
[15:04]   Shai : 68L dome with 25 mins to go
[15:04]   Shai : always a classic example of reversion to mean kind of trading
[15:05]   Shai : as also that breakouts will no succeed
[15:05]   Shai : Not*
[15:05]   r m : ok
[15:06]   Shai : Neutral center in both again
[15:06]   Shai : all neutral centers pave way for trend days
[15:07]   r m : prop traders will have a balanced inventory again after Fridays askewed one
[15:10]   Shai : ok those 11293 shorts
[15:11]   Shai : yes we will see some closure there
[15:12]   r m : I mean on a trend day when everybody is selling – liquidity providers will be forced to buy, max they can do is to increase the spread?
[15:12]   Shai : but they sold alog with fii;s
[15:13]   r m : ok, that means in our markets Clients are providing liquidity instead of Props 🙂
[15:13]   Shai : 🙂
[15:15]   Shai : Nice rounded profile
[15:15]   Shai : looks well set for a break
[15:15]   Shai : tom could be another trend daay like directional move
[15:15]   r m : yeah, maybe more rotation till Yellen yells 🙂
[15:16]   Shai : 🙂
[15:17]   r m : FOMC is day after, time enough for a trend day and a balancing one after that!
[15:22]   Shai : BNF is doing a nutral extreme
[15:22]   Shai : NF at center
[15:24]   Sharad : shai tomorrow could be down or up ?
[15:24]   Sharad : what is expectation
[15:24]   Shai : Up abv VAH
[15:25]   Sharad : ok Thanks
[15:25]   Rav : vah ?
[15:25]   Shai : around 8677 for tom
[15:25]   Shai : value area high
[15:25]   Shai : but still then 8715 res
[15:26]   Shai : sellers are using higher prices to sell since last week
[15:26]   Shai : so even if we go up have to play long side carefully
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice evening all
[15:30]   Sharad : Bye all
[15:30]   Tejpreet : Bye All
[15:30]   r m : Thanks and bye folks, have a great evening
[15:30]   Kris : Bye all – have a great evening.
[15:30]   Porus : bye all
[15:31]   Amit J : bye