OrderFlow and Notes 02/09/14

[08:56]   r m : Good Morning folks!
[08:58]   Shai : Gm all
[08:58]   Shai : http://vtrender.com/levels-and-plan-for-02nd-sept/#more-22568
[09:07]   Shai : Pre Market has gone through the entire range of yesterday in 7 minutes
[09:09]   r m : Pre-market suggest open above PDH
[09:12]   Shai : and sgx was pointing below !
[09:12]   r m : maybe it will go where sgx was pointing after some time 🙂
[09:15]   r m : Open below PDH
[09:15]   Shai : 🙂
[09:15]   Shai : Hypo2 in play
[09:16]   Shai : vah 8055 is our ref line
[09:16]   Shai : hypo 1 in BNF
[09:17]   Shai : overnight longs should book in BNF
[09:18]   Sumit : gm Shai, rm
[09:20]   r m : Hi Sumit
[09:26]   Sumit : yesterday I left early. EOD saw a good move in bnf. 16169 high.
[09:26]   r m : break out
[09:27]   Shai : Vah holding up
[09:55]   Amit J : look at cnx midcap. looks like open drive
[09:58]   Shai : up 50
[09:59]   Shai : http://vtrender.com/desi-mo-mcclellans-oscillator-for-nse-1st-sep-2014/
[09:59]   Shai : Declining volumes at 11.19%
[10:00]   Shai : when that goes that low- then small cap and midcaps go down in 90% of the cases
[10:00]   Shai : up 38 and up 47 resp. now
[10:00]   Shai : let’s see what kind of gains they have by close
[10:02]   Amit J : sorry didnt understand. Declining volumes at 11.19%?
[10:04]   r m : total volumes of stocks which closed below previous closing price in NSE
[10:05]   Shai : In that pane RM plots the volumes as an oscillator
[10:05]   Shai : for short term entries within MO
[10:05]   Shai : see that pane never goes above 80 or below 1
[10:06]   Shai : MO itself has not gone above 20 since june 7400
[10:07]   Shai : so the market is going up on large caps and select stocks not midcaps/ small caps
[10:08]   Shai : I don’t plot midcap but what is the precentage gain since june in midcaps?
[10:08]   Amit J : no high beta midcaps are down
[10:08]   Shai : Aggressive sell in Nifty below 8074 for 8055/ 8040, sl of 8082
[10:09]   Shai : Nifty has done 7500 to 8050 almost 8%
[10:11]   r m : Nifty midcap 50 has come up from 3145 on 1st June to 3224 yesterday, about 2% 😀
[10:14]   Shai : Yes I thought so
[10:15]   Shai : The nature of this rally is to be stock specific and that’s why it will have legs
[10:15]   Shai : will not take everyone along
[10:16]   r m : there is very high buy and sell by FIIs on most days though net is small, looks like frquent sector/stock churning to me
[10:16]   r m : in cash i mean
[10:16]   Shai : yes
[10:17]   Shai : and the moves are not driven in Futures as before as their involvement is very muted there
[10:18]   Shai : That movement from June in midcaps should be compared to the first 15 days after Modi’s win when index kept between 7150 and 7450 but Midcap was delivering like 40% returns on stocks
[10:19]   Shai : Nifty sell is activated – keeping a small Sl of 8 points only as we are above vah and trade is agrressive
[10:19]   r m : 2539 to 3049 from may beginning to may end in nifty midcap
[10:20]   r m : 20% up in one month
[10:21]   Shai : 🙂
[10:21]   r m : cnx small cap went up from 3943 to 4814 in the same period
[10:21]   Shai : Yes I remember everything was exploding around us then
[10:21]   Shai : but the euphoria is now much lesser
[10:22]   Shai : But it is better if you are in the market for the long term
[10:22]   Shai : you don’t want the shit to rise with the rising tide
[10:22]   r m : lol
[10:23]   r m : talk of shit reminds me of Mallya declared willful defaulter by a public sector bank, guess all PSU banks will follow that lead
[10:24]   Shai : they should
[10:25]   Shai : some of his KFA employees were paid after months
[10:25]   r m : http://tinyurl.com/px4c8ur
[10:26]   Shai : Mixed orderflow today
[10:26]   Shai : Patience required in the day today
[10:26]   Shai : would not be a big moving day
[10:27]   r m : willful defaulters are prohibited to borrow money from the banks and can’t continue as director in any company – guess we will soon have some courts staying the bank orders 🙂
[10:28]   Shai : 🙂
[10:28]   Shai : BNF auctioning in the spike of yesterday
[10:29]   Shai : NF staying at pdh mostly
[10:33]   Shai : Buy BNF above 16195, sl 16158 tgt 16257
[10:47]   Chiranthan : SL hit NF
[10:47]   Shai : NF slo taken
[10:51]   Sumit : neither able to move past IBH 🙁
[10:59]   Amit J : adv dec 1000:455
[11:01]   Narendra : shai i am stuck in tatamotors long position
[11:01]   Narendra : any view on tatamotors
[11:03]   Shai : sure will update
[11:06]   Shai : Tata motors may be headed to 503/499 support today
[11:07]   Shai : If current day low breaks then we may see 503 today itself
[11:08]   Shai : short term trend is still safe and up as long as 499 holds and can traget 530 / 547 again
[11:09]   Shai : Open drive in tata motors today so bigger chance that it will finish at day lows
[11:10]   Chiranthan : BNF goes below SL
[11:10]   Shai : It’s a buy abv 16195
[11:10]   Chiranthan : NOt entered longs. Just saying BNF went below SL mntioned
[11:12]   Shai : In buy above sl’s are just a safety trigger to cover the fact that the market may not chosse the direction wanted
[11:12]   Shai : so it has no bearing all levels per se
[11:30]   Shai : 8071 again imp in NF to hold
[11:30]   Shai : could signal a start of a correction if it breaks
[11:31]   Shai : 8104- 8134 in NF has a lot of resistance
[11:31]   Shai : we have done 8097 so far
[11:32]   Shai : Short term view on blog on NF- In such a scenario the first imbalance target of the new move will be 8104-8124.
[11:33]   Shai : on spot- On the Monthly Time frame we see September Nifty having supports at 7835 and 7706 on spot levels and targets of 8068 spot and 8226 spot.
[11:34]   r m : 8067.75 done!
[11:35]   Shai : It’s not a final number but for us to watch supply here
[11:35]   r m : ok
[11:37]   Shai : I got 3 different levels marked out in futures (to make concessions for the premium mismatch) but all reminders to watch orderflow
[11:38]   Shai : the levels will bne visible in the MP charts
[11:38]   Shai : at all times
[11:39]   Shai : so far staying abv IBH on an open low off VAH that is NF
[11:39]   Shai : so structure wise it is fine till we stay abv IBH
[11:48]   Shai : current orderflow- http://screencast.com/t/3n4hQJdP
[11:48]   Shai : supply coming at top
[11:57]   Shai : cnxit rising almost day high now
[11:58]   Shai : that will put pressure on BNF’s up move now if any
[12:02]   Shai : 8080- 8097 kind of range in NF in last hour
[12:10]   Kathir : Hi Shai RM all 🙂
[12:11]   Shai : some 1 sold big at 8103
[12:11]   r m : Hi Kathir
[12:11]   Sumit : hi Kathir
[12:11]   r m : looks like Kathir sold at 8103 and then logged in 🙂
[12:12]   Shai : 🙂
[12:13]   Kathir : lol..today shai told many things..but i followed only one of his view: 10:26 Shai : Patience required in the day today
[12:14]   r m : 😀
[12:15]   r m : means you spent the forenoon sleeping? 😀
[12:16]   Kathir : 🙂
[12:27]   Kathir : @Shai shall we buy NF 8000 PE here
[12:27]   Kathir : for a weeks time
[12:29]   Kathir : big reds in NF
[12:41]   Kathir : @RM look at the reds in NF,is this supply
[12:41]   Kathir : value not gone down much
[12:42]   r m : looks like that
[12:42]   Kathir : vwap from here is 16 points
[12:43]   Shai : Yes Kathir looks a good trade
[12:43]   Shai : 8000 pe – keep sl above 8134 F
[12:43]   Kathir : ok shai thanks
[12:46]   Shai : sureky supply buiding up but wait for price to confirm
[12:46]   Shai : *surely
[12:47]   Shai : (11:39) Shai :so structure wise it is fine till we stay abv IBH
[12:47]   Shai : Below IBH- sellers get a better toe hold
[12:51]   Kathir : @Shai first time NF toched 8106 it touched vwap band but it seems the band is high above so will it go there
[12:52]   Shai : yes vwap has expanded since
[12:53]   r m : earlier longs booking out will give the red delta too
[12:53]   Kathir : ok
[13:18]   Kathir : @RM has our PM returned from japan
[13:18]   r m : no such tweet so far 🙂
[13:19]   Kathir : normally if indian PM’s out of india like japan germany etc stock market will close positive only
[13:19]   r m : ok
[13:20]   Kathir : this trend was during cong period..not sure now
[13:20]   Shai : BNF looking good now to rise up
[13:21]   Shai : keep an eye for that buy abv
[13:21]   Chiranthan : Buy above 195?
[13:21]   r m : NF is like a trend day today
[13:21]   Shai : yes
[13:21]   Kathir : Sl for that bnf shai
[13:21]   Shai : Yes NF climbing the wall of worry
[13:21]   Sumit : 16158 sl
[13:21]   Kathir : ok thanks
[13:22]   r m : 10:33 Shai : (10:33) Shai :Buy BNF above 16195, sl 16158 tgt 16257
[13:32]   Shai : 16216
[13:33]   Shai : if entry skipped don’t buy here- wait
[13:34]   r m : vwap band is not impressed
[13:34]   Shai : 2 algos there
[13:34]   Amit J : i have seen earlier also that BO from IBH led by algo is sustainable
[13:34]   Shai : yes
[13:35]   Shai : price auctioned the spike nicely and ready to move higher
[13:45]   Shai : 16190 touch is the buying opp again for thos ewho missed
[13:45]   Shai : same sl
[13:48]   Shai : Nifty is pushing the early sellers hard today
[13:49]   Shai : it’s trending up from 8080 with a max dip of 15 points
[14:03]   Shai : My view yesterday was 8100 spot would be bigger resistance than 8000
[14:03]   Shai : we have reached there but sellers not able to exert control on price
[14:04]   Shai : For aggressive traders only- put a nF buy order at 8112- 8114, sl of 8096 tgt 8142 by close
[14:14]   Shai : that last drop was 17 points frm 8139 to 8122
[14:16]   r m : big red bars in bnf
[14:16]   Sumit : today nf has done better than bnf
[14:17]   r m : yes
[14:17]   Sumit : nf was tortoise, rising steadly since morning. bnf shot up like a hare and is resting now. slow and steady wins the race
[14:17]   Shai : yes led by IT
[14:18]   Shai : yesterday it rode on BNF today on IT
[14:18]   Shai : best of both worlds
[14:18]   r m : @Sumit, this tortoise is on steroids 😀
[14:18]   Sumit : 🙂
[14:19]   Sumit : up more than bnf now
[14:20]   Sumit : bnf in IB and going down 🙁
[14:23]   Chiranthan : BNF SL hit
[14:36]   Shai : BNF slo looks unfortunate
[14:37]   Shai : still may give us a late move abv 16197
[14:38]   Shai : NF slo at cost for those in it
[14:44]   Shai : Go long abv 16201 with a 20 point sl for 16252 in BNF
[14:46]   Shai : OrderFlow has not been good from 8095 to 8134 which was hypo1 estimate
[14:46]   Shai : so most probabaly we will trade this zone again tomorrow
[14:52]   Shai : Mandar has sent adv decl- http://screencast.com/t/4Wd51ZLwP0
[14:53]   Shai : at 928:564 looks like the vol % will be below 10 today but MO up
[14:54]   Shai : Thanks Mandar
[14:55]   Mandar : Welcome Shai. 🙂
[15:08]   r m : declining volume is 31% at the moment as per yahoo stats
[15:08]   Shai : for today?
[15:08]   r m : yes
[15:09]   r m : https://in.finance.yahoo.com/advances
[15:09]   r m : it keeps on changing though
[15:11]   Mandar : right now its 908 :588
[15:11]   r m : ok
[15:12]   Mandar : i think there can be some lag on yahoo.
[15:12]   r m : yes, there should be
[15:19]   Shai : cover the BNF and NF long trades
[15:29]   Shai : short closure happening
[15:29]   Shai : 8135 is our level tom to add new longs
[15:30]   Shai : only abv 8135 else back in 8090- 8134 zone all day tom
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice eve
[15:30]   Sumit : good bye everyone
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:31]   Mandar : Bye all.:-)

History of room Announcements