OrderFlow and Notes 05/09/14

[08:59]   r m : Good Morning folks!
[09:03]   Sharad : GM all
[09:04]   Shai : GM all
[09:07]   Shai : http://vtrender.com/levels-and-plan-for-4th-sept/
[09:11]   Shriraj : gm shai
[09:24]   Shai : Open in range now at lower end of yesterday
[09:24]   r m : no buyer at 16090
[09:27]   Shai : http://vtrender.com/premium/orderflow-and-notes-of-3rd-sept/
[09:28]   Shai : OrderFlow has been on the sell side past 2 days
[09:30]   Shai : Our NF trade idea would be to look for a short near 8118- 8120 with stops above 8139 for 8088/ 8074
[09:30]   Shai : let’s wait to see what happens at vwap before we act on that
[09:33]   Sumit : gm everyone
[09:34]   r m : Hi Sumit
[09:39]   Shai : Buy BNF abv 16130 tgt 16180, sl 16099
[09:45]   Shai : NF held at vwap
[09:58]   Shai : big buyers at lows in NF and bNF
[09:58]   Shai : those Buyers can push BNF abv val to complete the 80%
[09:59]   Chiranthan : Continue to hold NF shorts?
[09:59]   Shai : NF short trade not out yet
[10:00]   Shai : wait was suggested- (09:30) Shai :let’s wait to see what happens at vwap before we act on that
[10:01]   Shai : 8112 was hypo1 estimate and even yesterday our short fell off here – hence suggested wait
[10:18]   Shai : IB done
[10:18]   Shai : buyers losing a bit of interest in BNF
[10:20]   Shai : 16055 is last supp in BNF below 16110
[10:20]   Shai : below that we get 15950
[10:21]   Shai : Sell BNF below 16048 sl of 16088 tgt 16000/ 15950
[10:31]   Kathir : Hi Shai RM ge and all friends
[10:31]   Sumit : hi Kathir
[10:31]   r m : Hi Kathir
[10:32]   Kathir : somebody give me nf 805 :)0
[10:32]   Kathir : 8050
[10:32]   r m : @Kathir, Chiranthan is trying hard for that 🙂
[10:33]   Kathir : ok then i have a company
[10:34]   r m : yes but you have to persuade Shai too for taking it below 8087 😀
[10:34]   Kathir : yeah need masters permission nd support
[10:35]   r m : for short you need his resistance not support 🙂
[10:35]   Kathir : lol
[10:35]   Shai : BNF is not a good fill 🙁
[10:35]   Kathir : 09:30 Shai : Our NF trade idea would be to look for a short near 8118- 8120 with stops above 8139 for 8088/ 8074
[10:36]   r m : @Kathir, looks like you took a good fill at vwap in NF 🙂
[10:37]   Kathir : yes bought 8000 pe
[10:37]   r m : ok
[10:38]   Kathir : now planning for 15500 bnf pe also..based on shais short call and SL
[10:38]   Kathir : oops bnf be escaped 🙂
[10:39]   Kathir : @RM i was chating with you while that pe went to 100 from 93 🙂
[10:39]   r m : problem in the first week of series is that options decay so fast that it gives good profit only if trade is over within a short time say an hour 🙂
[10:39]   r m : great!
[10:39]   r m : goes to show how beneficial chatting with me is for trade 😀
[10:40]   Kathir : the problem i s i forget to buy while chating with you
[10:40]   r m : lol
[10:41]   Kathir : Ge what is the SL for bnf short now?
[10:41]   r m : 16088
[10:41]   Kathir : ok but vwap and dpoc @ 16095
[10:43]   r m : yes, I think Shai based that sl on dval at that time, now we have a previous LH at 16084 to support that Stop
[10:43]   Shai : correct sl was at 16110, but risk reward changes for that as we were a sell below
[10:43]   r m : ok
[10:43]   Kathir : ok shai
[10:43]   Chiranthan : Modify SL for BNF?
[10:43]   Shai : besides 16040 was a proper trigger -(10:35) Shai :BNF is not a good fill 🙁
[10:44]   r m : looks like Kathir is buying BN here, too much green 🙂
[10:44]   Chiranthan : Shorted BNF at 16042. Should I carry it now?
[10:44]   Shai : Exit BNF shorts here
[10:45]   r m : ok
[10:45]   Kathir : @Shai NF SL same 8139?
[10:45]   Shai : No it you are short it will be 8122 now
[10:46]   Kathir : ok thanks
[10:58]   Amit J : any view on JP shai
[10:59]   Shai : In the news for that jaypee infra sell
[11:01]   r m : big buyers again
[11:02]   Amit J : yes it was too small news
[11:03]   Amit J : 1.34 cr shares is too small. Grp has total loan of 60000cr
[11:03]   Amit J : why would he do this officially
[11:03]   Kathir : @RM i always treat you in that big buyer seller category only
[11:04]   r m : @Kathir, you are on the dot, I just keep watch though 🙂
[11:04]   r m : I keep tab on your activity 🙂
[11:04]   Kathir : 🙂
[11:05]   Kathir : dpoc NF came down now below vwap
[11:06]   Kathir : is there anything we can consider that dpoc below vwap or above vwap
[11:06]   Shai : Jp looks headed for 34 from here cmp 39
[11:06]   r m : @Kathir, it only tells that biggest volume of the day traded below vwap
[11:09]   Kathir : @RM ok
[11:10]   Kathir : @RM i have jumped in JP 35 pe based on shai trgt
[11:14]   r m : good!
[11:15]   Kathir : good or bad have to wait and see 🙂
[11:16]   Kathir : even 30 paise profit is ok
[11:18]   r m : 🙂
[11:18]   r m : JP is a huge lot size i believe?
[11:18]   Kathir : 8000
[11:18]   r m : not bad
[11:18]   Kathir : yeah
[11:20]   Kathir : moving out..thanks and bye all :).
[11:20]   r m : bye Kathir
[11:20]   Shai : IN NF looking for more clarity on the next move currently-
[11:21]   Shai : 8092 came close to the estimate of 8087
[11:22]   Shai : OrderFlow shows buyers returning
[11:22]   Shai : Buy NF 8112 sl 8097, tgt 8132
[11:23]   Shai : 2 days back the OrderFlow was this-http://vtrender.com/wp-content/uploads/2014/09/sept_nf1.png
[11:23]   Shai : posted here- http://vtrender.com/premium/orderflow-and-notes-020914/
[11:24]   Shai : Looks like a definite repair dome today
[11:29]   Amit J : 390: 1091 adv decl
[11:32]   Shai : Current NF orderflow- https://www.dropbox.com/s/58w15brk2qh1f29/sept_nf%201.png?dl=0
[11:32]   Shai : lots more blue
[11:35]   Shai : Move sl to 8091-
[11:36]   Shai : Move sl to 8091-11:22 Shai : (11:22) Shai :Buy NF 8112 sl 8097, tgt 8132
[11:39]   Dr Bansal : shai,vertical bars above are deltas,horizantal bars indicate?
[11:44]   r m : @Dr B, horizontal lines in the delta pane?
[11:45]   Amit J : jpa vwap is 40 in cash. and jpinfra already above vwap
[11:51]   Dr Bansal : rm,above are deltas I know.I am asking about horizontal panes on left side of the chart?
[11:51]   r m : they are buy and sell volumes
[11:52]   Dr Bansal : ok.
[11:52]   Dr Bansal : above delta also indicate buyers and sellers vol.
[11:53]   r m : left most is buy volume and the one on the immediate right is sell volume, green bar shows biggest buy/sell volume of the day
[11:53]   r m : yes, delta show buy/sell volume of that particular bar while the left side horizontal bars are for entire day
[11:56]   Dr Bansal : ok.
[12:19]   Shai : Dr the bars on the left (horizontal) are volume at price
[12:20]   Shai : they will tell you about the volume transacted at price say 8105 now
[12:20]   Shai : within that you will find a green bar which is heaviest volume of all and the yesllow bars represent 70% of the range
[12:21]   Shai : heveiest sell is at 8114 currently and heaviest buys at 8105
[12:22]   Dr Bansal : can we plan positional trade in real time?
[12:22]   Shai : yes
[12:22]   Dr Bansal : ok.
[12:23]   Shai : Planning trades is dependent on volumes coming in or going out and is independent of time frame
[12:23]   r m : I read somewhere that every positional trade entry is a daytrade in itself!
[12:23]   Shai : the stops and targets are based on your preferred time frame
[12:24]   Shai : true
[12:24]   Dr Bansal : with trailing stoploss,you can cary trade till expiry.
[12:25]   Shai : Sell BNF again at 16033- 16045 with sl of 16090 and tgt 15960
[12:25]   Shai : yes
[12:26]   Shai : BNF much weaker than NF today
[12:26]   Shai : and if vwap holdsthen it will close at day lows
[12:26]   Dr Bansal : your trading calls are good way to guide.
[12:27]   Shai : Dr if you have a view for a month better to start on 1st day and reassess mid month around 11-14th
[12:28]   Shai : in the past 5 months the market has changed trend in the middle of the month
[12:28]   Chiranthan : Nifty call still open?
[12:28]   Shai : Aug is a big ex
[12:28]   Shai : Yes NF still on buy
[12:30]   Dr Bansal : I bought nifty at 7700 and now trailing at SL 8000.
[12:32]   Narendra : have some confusion on the calls generated which r posted on twitter
[12:33]   Narendra : the last call came in BNF buy 15998
[12:35]   r m : @Dr B, congrats man, you have great patience!
[12:39]   Dr Bansal : but I hit SL IN bnf FEW DAYS BACK IN A POSITIONAL TRADE.
[12:39]   r m : ok
[12:41]   Shai : Narendra Pr 1 levels was 16152 hope you booked part there on tues
[12:41]   Shai : now sl is at cost on that till new sell signal comes
[12:41]   Narendra : ok
[12:42]   Shai : pr1/ pp0/ ps1 will be informed on twitter separtely for these trades
[12:43]   Shai : Now if a sell alert comes today in afetrnnon, then sl will be the same pr1 of 16152 and tgt 15932/ 15707 positional
[12:43]   Shai : or till new alert comes as it is SAR system
[12:49]   Shai : BN trending down from Open
[12:49]   Shai : wary of a pull back high
[12:54]   Shai : Nice trade Dr- 12:30 Dr B: I bought nifty at 7700 and now trailing at SL 8000.
[12:56]   Shai : I think 7955 F is a better stop and if it does not come by Monday morning then should hold for all of sept till expiry week
[12:57]   Dr Bansal : I WILL CHANGE SL TO 7955.
[13:01]   Shai : 8252 F looks like a resonable objective from here with sl
[13:02]   Dr Bansal : OK.
[13:02]   Dr Bansal : all rallies are news based.
[13:03]   Dr Bansal : real uplift will start in economy will start in next two yrs.
[13:05]   r m : by that time market would have fully discounted it!
[13:13]   r m : above vwap BNF could go for IB Band trade?
[13:15]   Shai : 16085 has to cross
[13:15]   r m : OK, thanks
[13:16]   Shai : 72- 85 has been pushing it down all morning
[13:16]   r m : yes
[13:16]   r m : NF has at last crossed that 8112 barrier
[13:30]   Shai : we got stuck in chasing the market today
[13:30]   r m : looks like that visit above 8112 was meant to attract sellers!
[13:31]   Shai : Initial view was – (09:30) Shai :Our NF trade idea would be to look for a short near 8118- 8120 with stops above 8139 for 8088/ 8074
[13:31]   Shai : that slipped away before I could fire in the alert
[13:41]   Shai : Put a part booking order at 16006 in BNF
[13:41]   r m : ok
[13:57]   Shai : Tighten stops and place in system
[13:57]   Shai : Super Mario on stage in evening
[13:57]   r m : lol
[13:57]   Shai : Markets can react to him in this last hour
[14:40]   Shai : 16020- 16075
[14:40]   Shai : all that BNf has done
[14:54]   Chiranthan : BNF SL hit
[14:54]   Shai : BNF stopped out
[15:00]   Shai : icici has started rising
[15:01]   Shai : that’s taking BN along
[15:01]   r m : book out NF here?
[15:01]   Shai : yes book
[15:01]   r m : thanks
[15:02]   Shai : 39 should resist
[15:02]   r m : ok
[15:02]   Shai : tgt done- 11:22) Shai :Buy NF 8112 sl 8097, tgt 8132
[15:03]   Shai : ignore this as time is less- Shai :Buy BNF abv 16130 tgt 16180, sl 16099
[15:06]   Shai : take an 8200 ce if we come back to 8119 now
[15:06]   Shai : for carry till tom eve
[15:06]   r m : ok
[15:07]   Shai : can also buy 1 small part here
[15:07]   Shai : more likely 8174 Tom
[15:07]   Shai : F
[15:07]   r m : ok
[15:07]   r m : thanks
[15:08]   Narendra : pehle bolte sir 50 percent hi bechte na
[15:09]   Shai : Narendra event risk is there as ECB tonight
[15:09]   Shai : hence CE over Futures
[15:09]   Narendra : so should i keep my positions on lighter side
[15:10]   Shai : yes of course
[15:10]   Shai : all these events are never under our control
[15:12]   Shai : NF always looked good but BNF went the other way at close
[15:16]   Shai : BNf close below 16130 is still a question mark for tomorrow
[15:17]   Shai : but early morning shorts are now covering since 20 minutes
[15:24]   Shai : Tom if you see BNF at the open near 16135-16150 buy for 16210/ 16250 quickly with stops below 16105
[15:24]   Shai : don’t wait for my alert
[15:25]   Shai : high probabaility trade if we open abv 16130 tom
[15:25]   Shai : shorts are cobering so should be light to rise
[15:28]   Shai : neutral extreme day in NF
[15:28]   Shai : NV in BNF
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : (15:02) Shai :39 should resist
[15:30]   Sumit : bye everyone
[15:30]   Shai : High probabaility we bounce up
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice eve
[15:30]   Amit J : hope we see 100 pts gap up tom
[15:31]   Shai : 🙂
[15:31]   Amit J : shai check India ETF chart
[15:31]   Shai : indy?
[15:31]   Amit J : INDY chart
[15:31]   Amit J : flat breakout]
[15:31]   Shai : yes foreigners are excited
[15:31]   Amit J : yes
[15:32]   Shai : ETF’s are long term views – so it is good
[15:32]   Amit J : yes
[15:32]   Amit J : bye all
[15:34]   Shai : I;ve posted 11600 Nifty on the blog by May 2017 possible end 16 also

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