OrderFlow charts and Notes 20/05

[08:50]   r m : Good Morning folks!
[08:50]   r m : http://vtrender.com/levels-and-plan-for-20th-may/
[08:50]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-1905/
[08:50]   r m : Nifty MAY Future levels| Key Reference Area 8386| Hypo1 above 8386➜8418➜8436 SL 8341| Hypo2 below 8325➜8297➜8269 SL 8357
[08:51]   r m : Banknifty MAY Future levels| KRA 18465| Hypo1 above 18465➜18540➜18627 SL 18345| Hypo2 below 18266➜18173 SL 18366
[08:51]   Porus : GM RM and all
[08:51]   Sudhakar : GM all
[08:53]   r m : Hi Porus
[08:54]   r m : Results today – Tatasteel, Bharat Forge
[08:54]   r m : Results tomorrow – Bajaj Auto
[08:58]   Shai : GM all
[09:01]   Pawandeep : GM Shai, rm & friends 🙂
[09:02]   r m : Hi Pawandeep
[09:03]   r m : @Shai, yesterday the area near 8345 was heavily traded, does it still remain LVN?
[09:03]   Hemant : GM folks
[09:04]   Venkatesan : gm shai, rm and friends
[09:04]   r m : Hi Venkatesan
[09:04]   Shai : Yes RM what we are doing is that giviing it one week of volume for us to change the zone
[09:05]   RK : Hi Shai,Rm and friend..good morning 🙂
[09:05]   r m : ok, thanks
[09:05]   Shai : just like we use Values of the prev week
[09:05]   r m : Hi RK 🙂
[09:05]   Shai : we will review ened of week only
[09:05]   r m : OK Shai, clear now, thanks
[09:05]   Tejpreet : GM All.
[09:06]   Shai : NF hypos are the same as yesterday as auction expected out is similar
[09:06]   Shai : but we should see an inside day today
[09:07]   Tejpreet : If you are expecting inside day should the opening jump be sold into.
[09:07]   Tejpreet : Say around 8410-8420
[09:07]   Shai : or withn 8418- 8303 F
[09:08]   Tejpreet : ok….thanks.
[09:08]   Shai : Yes Tejpreet sell if 8390 resists
[09:08]   Keshav : gm all
[09:09]   Soumya : Good Morning Friends
[09:10]   Sumit : GM everyone
[09:11]   Mahesh : GuDmRnG………..
[09:11]   Sharad : GM all
[09:12]   Sumit : Shai, I was reading the chat of last few days…. this LVN/HVN are working really well. Can you give out levels or 1-2 LVN/HVN’s above and below
[09:12]   Sumit : *levels of
[09:12]   r m : they are already there on the left top of the chart
[09:12]   Rajat : Gm ALL
[09:12]   r m : Shai thinks of everything 🙂
[09:12]   Rajat : can i also see market profile charts in this screen?
[09:12]   Sumit : ok nice 🙂 thanks rm
[09:12]   r m : extreme right Rajat
[09:13]   Rajat : ohh
[09:13]   Rajat : got it now
[09:13]   r m : welcome Sumit 🙂
[09:14]   Ashish : Gm all
[09:18]   Venkatesan : low higher than vwap is good sign shai?
[09:20]   Shai : NO selling yet
[09:20]   Shai : 8427 was the first seller yesterday
[09:21]   Shai : Yes Venkatesan
[09:21]   Venkatesan : thbak u
[09:22]   Shai : Open stronger than expected
[09:22]   Shai : weakness if any is below 8390 F only
[09:24]   Hemant : With this move yesterday’s poor high is repaired ?
[09:24]   Shai : there was no poor high yesterday
[09:25]   Shai : still buyers
[09:25]   Hemant : Ok got it
[09:25]   Shai : No sign of yesterday seller
[09:25]   Shai : same zone
[09:25]   Soumya : trend day?
[09:25]   Shai : can be
[09:26]   Shai : Buy NF 50% qty only sl of 8390 tgt 8476
[09:32]   Shai : still buyers
[09:32]   Shai : went with 50% qty as y’day seller in this zone was big
[09:35]   Varun : shai these last few sellers or buyers
[09:39]   Shai : sellers now
[09:40]   Varun : whts the filter for a lvn @shai
[09:40]   Shai : push it over 8436 and we can see 8534 ahead
[09:42]   r m : @Shai, so longs can be added above Day High with vwap as stop or waiting out IB period is better?
[09:42]   Shai : IB s better now
[09:42]   r m : Thanks
[09:42]   Shai : we are still strong abv 8417
[09:46]   Shai : Place orders to exit NF at 8437
[09:53]   Shai : we are taking an exit in NF here as trade became 50- 50 but bias for day is still up now with sl of 8404
[09:53]   Shai : intra tgt 8476
[09:53]   Shai : we will review a new bUY after IB is done
[09:54]   RK : Shai view or Hero pls..holding long
[09:54]   Shai : best buy in BNF is at 18450 on a ip tgt 18650 sl 18380
[09:54]   Shai : dip**
[09:56]   Shai : hero postn res at 2607 still good as long as 2545 holds
[09:56]   Vivek K : shai sir, anything on tatamotrs? the jaguar has been a pussy cat off late
[09:57]   RK : thanks
[10:06]   Porus : Shai, pls expand bnf chart. Cant see numbers.
[10:07]   Ashish : Hge sellers Shai?
[10:08]   Ashish : Huge*
[10:10]   Pawandeep : @ shai how much time given for acceptance or rejection of value ?
[10:11]   Pawandeep : or what parameters for acceptance or rejection of value ?
[10:12]   Ashish : Ultratech achieved 3k :), thanks shai
[10:13]   r m : @Ashish, congrats man, you sure sat tight 🙂
[10:14]   Ashish : Yes RM 🙂
[10:15]   Ashish : Now waiting for Cesc to come back to shai levels.
[10:15]   r m : ok
[10:15]   Shai : tata motors not doing anything past 2 weeks
[10:16]   Shai : is weak below 512 this week and can do 503/490
[10:16]   RK : Yes Tata motors joined Tata steel for being lazy
[10:16]   RK : both are yawning like hell
[10:16]   Shai : Pawandeeep 30 mins for intra
[10:16]   Shai : about 180- 240 mins for week
[10:17]   r m : Yawning on the results day – height of laziness 🙂
[10:17]   RK : no RM today its showing some nerves 🙂
[10:18]   r m : ok, otherwise it as nerves of steel 🙂
[10:18]   Shai : 8417 and 8404 to watch in NF
[10:18]   RK : lol
[10:20]   Pawandeep : thanks Shai:)
[10:21]   Ashish : Shai, adnaient. downside targets.
[10:23]   Shai : adani not weak till 773.4 breaks
[10:23]   Shai : 761 2nd supp below
[10:23]   Sudhakar : shai any views on tvsmotor?
[10:24]   Ashish : Thanks Shai
[10:24]   Shai : can drop to 736/ 712 if that 761 goes
[10:24]   Ashish : Ok shai
[10:26]   Shai : tvs range bound also
[10:26]   Shai : look at 223 or 220 to break on intra to get in
[10:26]   Shai : positional movemnet only abv 227 or below 216
[10:27]   Sudhakar : thanks shai
[10:27]   Varun : shai double tpo above lvn would mean accepetance ?
[10:29]   Shai : yes
[10:29]   Shai : odds are good now for 8534 again
[10:30]   Varun : huge sellers being crossed at ease
[10:31]   RK : 10.15 and 10.30 bars looks like mirror image
[10:34]   Shai : locals trading each other
[10:34]   Shai : OTF pushed it to supply zone and will come back after noon
[10:35]   Shai : 2.30 is seeing lots of movemnt again
[10:35]   Shai : should be the same today
[10:37]   Shai : Buy BNF 18530- 18535 sl of 18470 tgt 18590/ 18625
[10:37]   Vinay : hi shai could you share your view on SBIN f
[10:38]   Shai : sure
[10:40]   Shai : sbin May F 292 .2 is res on week
[10:40]   Shai : support below is good at 279
[10:40]   Soumya : Auro pharma doing well today also
[10:40]   Vinay : ok
[10:40]   Soumya : Any targets for it Shai?
[10:40]   Vinay : thanks
[10:40]   Shai : day will remain strmg abv 287.5
[10:41]   Shai : if 292 is crossed on that earnings buzz you can get 300.3 immediately
[10:41]   Vinay : yes previuos month high also around that number
[10:41]   Vinay : 292-294
[10:42]   Shai : ok
[10:42]   Shai : auro I think we had 1418 as tgt y’day
[10:42]   Shai : stays strong as long as it is abv 1399
[11:03]   Soumya : thank you shai
[11:19]   Ashish : Triple top in NF..
[11:23]   Pawandeep : 09:06 Shai : but we should see an inside day today
[11:24]   Shai : that got ruled out: (09:22) Shai :Open stronger than expected
[11:24]   Pawandeep : now we r trading above yesterday high so what should we expact
[11:24]   Shai : (09:22) Shai :weakness if any is below 8390 F only
[11:26]   Shai : 8474
[11:27]   Pawandeep : ok
[11:35]   Tejpreet : On sustained break of vwap at 8430 can we short nf for 8390 with sl at dy high
[11:42]   Shai : better short below 8416 with vwap sl for 8386
[11:43]   Tejpreet : ok…still holding on to vwap 🙂
[11:50]   Tejpreet : Shai 8400PCR almost 1 up from .55 yesterday if it sustains above 1 does it imply bulls have control over 8400 strike.
[12:10]   Shai : yes that would be right way to look at that
[12:14]   Shai : heavy sellers
[12:15]   Porus : shai, target of this fall in bnf?
[12:16]   Shai : weak below 450 only
[12:19]   Tejpreet : All dips to VAH being brought into.
[12:19]   Shai : yes
[12:19]   Shai : buyer showed up at vah
[13:08]   Shai : Buy NF abv 8445 sl 8424 tgt 8474
[13:09]   Shai : NF at the top of the profile for this series where the buyer is still buying dips but the seller not coming in to cut off the auction
[13:10]   Shai : risk of new longs is much more as breakout not confirming but there is no evidence yet of shorts
[13:10]   Shai : putting shorts here is against flow in other words
[13:10]   RK : 8400 CE from 0.55 yday to 1.05 now
[13:10]   RK : PCR
[13:11]   Shai : Play is a 8340 – 8540 range nto expiry
[13:36]   Shai : Sell NF below 8403 sl 8424 tgt 8386/ 8356
[13:36]   Shai : we will trade a break of ths range for a high probability trade
[13:37]   Tejpreet : 8445-8403 Range right.
[13:39]   Shai : yes mini balance here
[13:41]   Pawandeep : THANKS SHAI SIR
[13:52]   Soumya : dvah now acting as resistance
[13:52]   Soumya : any relevance – shai?
[13:53]   Shai : it shows that the mkt accepts current price as value
[13:53]   Shai : and that we need to break abv that dvah for a new move
[13:53]   Soumya : ok thank you
[13:54]   Rahul N : @shai ,i have dlf future short from 130, mystoploss is @ 132, given that today is the result should i book partially or wait for 122 to crack ?
[13:58]   Shai : 121.3 should hold up
[13:59]   Shai : But the chart is wanting to give a 6 point move immediately which can go either side 115 ot 132
[13:59]   Shai : so suggest take profits and step in again tom below 120 or abv 126.5 if opp is there
[14:00]   Rahul N : ya that sounds better
[14:00]   Rahul N : thanks
[14:00]   Shai : welcome 🙂
[14:12]   Vivek K : assuming we end up with a P profile today in nf and bnf, does it bodde well for longs?
[14:16]   Shai : yes then tom ref line is at today POC- auction abv today POC is positive
[14:16]   Shai : what you have to look at is whether value is travelling higher with price
[14:16]   Vivek K : okie
[14:17]   Shai : yesterday also in that dip the VAH was protected hence I remeber mentioning weakness toay was below 8321- 8345 only
[14:18]   Shai : today*
[14:18]   RK : yes 8345/8320 was kept as ref for today
[14:18]   r m : (09:54) Shai :best buy in BNF is at 18450 on a ip tgt 18650 sl 18380
[14:18]   r m : came to 465!
[14:18]   Shai : also vah
[14:19]   RK : that’s KRA RM 🙂
[14:19]   r m : 🙂
[14:19]   RK : need fast fingers there 🙂
[14:20]   r m : Shai should have been a watchmaker with his kind of precision 🙂
[14:20]   RK : 🙂
[14:20]   Tejpreet : 🙂
[14:20]   Vivek K : swiss watch maker
[14:21]   Shai : :)- Trust RM to find words ..
[14:21]   r m : lol
[14:26]   r m : Shai’s pets 🙂 https://twitter.com/Am_Shai/status/600939048924917761
[14:27]   RK : yes that was awesome pic :)..RM, aim is one among that gang soon 🙂
[14:27]   RK : *aim is to
[14:27]   r m : yeah 🙂
[14:31]   r m : 2:30 which way? 🙂
[14:31]   Venkatesan : ib and day range are same
[14:31]   r m : flat vwap
[14:31]   RK : exactly opposite to your guts 🙂
[14:31]   r m : yeah, normal day so far
[14:31]   r m : lol
[14:32]   r m : @RK, even guts are quiet today 🙂
[14:32]   Venkatesan : where are the sellers who solld sterday vah
[14:32]   RK : yeah..when your guts say somthing, then they come from roof to dump sell orders like anything 🙂
[14:33]   r m : lol
[14:33]   r m : looks like they called a truce today, but these guys can always attack from behind 🙂
[14:34]   Varun : we did same thing in last kvn crossover
[14:34]   Varun : lvn”
[14:34]   Varun : three balnce days
[14:34]   r m : ok
[14:34]   Varun : everything hpning in ib thn sleep off
[14:35]   Varun : thr is apoor high, should attract price towrds it
[14:35]   Venkatesan : 8400 spot strong
[14:35]   Varun : both in nf and bnf
[14:36]   Varun : shai should do something to seperate vwap and poc first
[14:37]   r m : 🙂
[14:39]   Venkatesan : only sellers /buyers can change that, shai alone can not do that
[14:41]   Venkatesan : take it lightly
[14:41]   Venkatesan : to varun
[14:41]   r m : everything taken lightly here except levels 🙂
[14:42]   Venkatesan : 🙂
[14:42]   Varun : lol
[14:42]   Varun : lightly :p
[14:43]   Varun : all well venkatesan 🙂
[14:48]   Venkatesan : total vol 32% lesser than sterday
[14:50]   Shai : No 2.30 OTF today
[14:50]   Shai : More signs of acceptance here
[14:50]   Shai : Upto the bear to come and announce himeslf here like he did yesterday
[14:50]   Shai : if that does not happen we continue up
[14:53]   Vivek K : market badly needs some isabgol
[14:54]   RK : Shai LIC a good short here or its in no trade zone?
[14:56]   Shai : No range bound
[14:57]   RK : thanks..
[15:00]   Shai : repair of poor high
[15:00]   Shai : coming
[15:00]   Sudhakar : whats that poor high no 8476?
[15:00]   Shai : 8449
[15:00]   Sudhakar : ok
[15:00]   Shai : we may close at day high today
[15:09]   Soumya : Bnf big sell bars 2.55 to 3.05
[15:10]   Venkatesan : vol very poor
[15:12]   Shai : Don’t take the buy abv/ sell below now in NF
[15:14]   Venkatesan : stable trading day in may series
[15:15]   r m : yeah, BNF is behaving like a tame animal 🙂
[15:16]   Porus : shai, any merit in carrying bnf shorts?
[15:20]   Shai : Ca Porus looks like it wants to test 18430 tom at openn
[15:20]   Shai : sl 18630
[15:20]   Porus : Thnks
[15:22]   Shai : close abv 8436 F would have been better
[15:23]   Shai : BNF little weak at this close also
[15:25]   Hemant : Shai, whe does it happen that a value of put increases as the index moves up?
[15:25]   Hemant : when*
[15:25]   Shai : when vix is up
[15:25]   Shai : IV up
[15:26]   Shai : some sellers at 8424
[15:26]   Hemant : Ty
[15:27]   Varun : shai doesnt hemant type situation normally hapn at tops
[15:27]   Pawandeep : @Shai we are close above yvah & defended its bulish for 2marow
[15:27]   Varun : seen it many time ehn mo at 80
[15:28]   Varun : whn
[15:28]   Hemant : Varun, I’m not really geeky about numbers, but what I usually observe often raises questions.
[15:29]   Hemant : Relatively new to trading on top of that 🙂
[15:29]   Varun : no worries
[15:29]   Varun : i totally agree with ur pov
[15:29]   Venkatesan : thank you shai, rm and friends
[15:30]   Varun : i ws just sharing with shai tht i hve also obsrved this at top of a market
[15:30]   Tejpreet : Bye all.
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : Pawandeep has to cross 8428-8436 quickly at open tom
[15:30]   Hemant : Goes against the theory learnt so far, and it also means there is much more to learn
[15:30]   Shai : else we will go down for a test again
[15:31]   Shai : Bye all
[15:31]   RK : thanks and bye all
[15:31]   Pawandeep : thanks 🙂
[15:31]   Shai : Have a nice evening
[15:31]   Porus : bye all
[15:31]   Sudhakar : bye shai
[15:31]   Hemant : Ty Shai
[15:31]   Pawandeep : good bye shai, rm and friends
[15:31]   Moses : Bye all