Orderflow charts and Notes 03/12

[08:59]   r m : Good Morning folks!
[08:59]   r m : http://vtrender.com/levels-and-plan-for-3rd-dec/
[08:59]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-021214/
[09:00]   Porus : GM all
[09:02]   r m : NF Hypo1 In IB period below 8570➜8540➜8516 SL 8599 Break below8516➜8491➜8444 Hypo2 Above 8610➜8632➜8660 SL 8588 Above 8666➜8732 DEC Future levels
[09:03]   r m : BNF Hypo1 above 18610➜18710➜18770 SL 18565 Hypo2 below 18560➜18525➜18404 SL 18610 DEC Fut levels
[09:08]   Shai : GM all
[09:08]   Assortz : Gm all
[09:08]   Ravi V P : GM to you All
[09:15]   Shai : Yesterday NF data showed long liquidation at 8590- 8578
[09:16]   Shai : still mainitian 8588-8594 as holding short sl
[09:16]   Shai : BNF abv 18610 will be good
[09:16]   Shai : and data showed longs holding from 18400 into close
[09:16]   Shai : http://vtrender.com/nifty-banknifty-future-charts-2nd-dec-2014/
[09:19]   Shai : If 8555 breaks the 15 points to 8540 and a further move to 8516 if 8540 does not hold
[09:21]   Assortz : Gm Shai – value areas plotted in chart from above link varies from the table in the chart here in the room?
[09:22]   Shai : the OI link?
[09:22]   Assortz : yes Shai
[09:22]   Shai : ys they will be slightly diff
[09:23]   Assortz : am taking the values from the chart here in the room..i hope thats fine..
[09:23]   Shai : yes
[09:23]   Assortz : thanks
[09:24]   r m : yes Assortz, they are amibroker charts, not very efficient in calculating Value areas
[09:25]   Assortz : got it RM
[09:25]   Shai : watch 8514 on spot
[09:25]   Shai : if we stay below for over 30 min then 8470 spot and 8440 spot are on
[09:48]   Shai : 18611-18737
[09:48]   r m : just as described in Hypo1 🙂
[09:49]   Shai : dip buy mode till 18610 holds
[09:49]   Shai : possible run up to 18934 if we overcome 18772
[09:53]   Shai : after RBI yesterday now market is looking at 1 rate cut in every meeting of Rajan
[09:53]   Assortz : positional target 1 is done
[09:55]   r m : bnf thru with hypo targets 🙂
[09:57]   Porus : Shai, what shud be the sl for move to 18934?
[09:59]   Shai : 18736 immediately- 15
[09:59]   Shai : should not come below 18725
[10:03]   Shai : Top os the IB hour – no new longs
[10:03]   Shai : let us wait for BNF to take out IBH in next 30 mins to take new longs
[10:03]   Shai : that position is 160 points
[10:07]   Shai : can consder 19500 ce at 76- 80 for a positional play in BNF
[10:08]   Shai : tgt can be upto 19258 next week but sl is at 18610 F
[10:34]   Shai : BNF in an open rejecton reverse
[10:34]   Shai : 2 things will happen
[10:34]   Shai : 1) vwap will not be visisted all day and hence a sl for all longs
[10:35]   Shai : 2) range extension should be done abv IBH and is a buy with sl of pdh
[10:35]   Shai : tgt of the range extension intra day is 2IB at 18952 now
[10:36]   Shai : which is very close to our hypo estimate of 18934
[11:45]   Porus : Shai, Texmaco Infra and Texmaco Rail are up today. Any ref levels?
[11:49]   Shai : tx infra 51.7 book point
[11:49]   Amit J : thanks. above 51.7 what level
[11:51]   Shai : tex rail 128.6 tsl ad can do 143 .8 if 128 holds
[11:51]   Shai : sharper sl is 132.1 in texrail
[11:52]   Shai : upto 55.5 poss but does not look good abv that – profit boking zone
[11:54]   Porus : Thanks
[11:55]   Porus : Shai, pls check levels for Tourism Fin Corpn.
[11:56]   Shai : nse code?
[11:56]   Amit J : TFCILTD
[11:58]   Shai : tfcil vols are not sufficient for a breakaway
[11:59]   Shai : can do upt 72.2 if 66.2 holds
[12:00]   Amit J : TFCI i met management 2 mth back, didnt find any interest except tourism story
[12:00]   Shai : can drop to 60.6 also
[12:00]   Shai : below 66
[12:00]   Shai : ok
[12:01]   Shai : on 19/11 some vol is there
[12:01]   Shai : but besides that nothing major
[12:01]   Porus : Amit, is ist mvoing with other finance cos?
[12:01]   Shai : Rumors of another chinese QE in the market
[12:02]   Shai : can make metal stocks move up
[12:02]   Porus : I remember china saying, nothing until after Q4.
[12:03]   Amit J : yes people buying for tourism as a theme
[12:03]   Amit J : but poor management
[12:04]   Porus : Shai, if metals move up, will banking suffer?
[12:05]   Shai : No direct co realtion as such
[12:06]   Shai : that IT- BN realtion is better
[12:06]   Shai : *relation
[12:06]   Amit J : shai any view on reliance
[12:14]   Ravi V P : views or news!!!
[12:14]   Shai : 🙂
[12:15]   Shai : Reliance if 947 holds can bounce upto 983/ 1017
[12:15]   Shai : broad range 947- 1018 now
[12:16]   Ravi V P : nf to touch 8595
[12:16]   Porus : nf deta now +ve
[12:22]   r m : looks like an attempt to PDH is coming
[12:23]   Assortz : RM – attempt to expand range and time to trail SL to PDH 🙂
[12:25]   Amit J : shai your view on sun
[12:25]   Amit J : SUNTV
[12:30]   Shai : suntv 340 cross is 355
[12:30]   Shai : 355 seller can come back
[12:30]   Shai : supp now 333 for this leg up
[12:30]   r m : @Assortz, stop for shorts is 8599, almost PDH 🙂
[12:31]   Assortz : oh my i was talking abt big B 🙂
[12:31]   r m : ok, me very small for big B 😀
[12:31]   Assortz : 🙂
[12:34]   Shai : if NF decides to move abv 8610 then 8664 sould come quickly
[12:34]   Janak : that means nf will attempt 8610 once
[12:36]   r m : @Janak, if only to hit short stops and trap fresh longs D
[12:36]   r m : 😀
[12:37]   Janak : nf delta from 9 to 36
[12:37]   Janak : 🙂
[12:43]   r m : vwap band in NF
[12:51]   Ravi V P : Ami volume profile exactly matches with MD
[12:51]   r m : ok
[12:54]   Amit J : sun tv any revision in sl
[13:00]   Shai : 338 holds 353 tom
[13:02]   Amit J : thanks
[13:10]   Shai : NF delta opens up
[13:15]   Shai : 8594
[13:17]   Porus : Shai, are we still on for bnf 18952 today?
[13:19]   Shai : yes
[13:19]   Shai : 18760 sl
[13:19]   Shai : we wil reduce a bit if 18856 resists
[13:20]   Janak : 50 pts gone in bn in 20 sec!
[13:20]   Janak : that tick was at 770
[13:24]   Shai : vwap change in NF ?
[13:24]   Shai : if vwap brings buyers then chance is that NF will atempt abv 8595 in last hour
[13:25]   Shai : else it will be an inside day
[13:25]   Shai : and give us a trend day tom
[13:26]   r m : @Shai, please upload NF & BNF cumuative delta charts in Documents folder at eod
[13:26]   r m : for DEC
[13:27]   Shai : sure RM
[13:28]   r m : Thanks
[13:28]   Shai : vwap
[13:30]   Shai : BNF one more attempt at that 828
[13:31]   Shai : 778 now still sl of 738 or can go long abv 785 IBH
[13:31]   Shai : intra
[13:32]   Janak : shai can also stay loyal to pink-shorts from 815?
[13:32]   Shai : below vwap only
[13:33]   Janak : i shorted on pink at 815
[13:33]   Shai : ok
[13:33]   Janak : can book at 743?
[13:33]   Shai : ok
[13:34]   Shai : 4 lows in that region 725- 745
[13:34]   Ravi V P : ONGC PUSHING
[13:34]   Amit J : ongc any view. can rally
[13:34]   Shai : broader idea behind my long was for the BNF to check what happened to 821
[13:35]   Shai : 828*
[13:35]   Ravi V P : T 440
[13:35]   Shai : Ongc 380 definitely
[13:36]   Shai : 388/ 402 possible if short covering abv 381 possibe
[13:36]   Shai : 382 is that short not 381**
[13:37]   Ravi V P : RIL now
[13:39]   Ravi V P : 8600ce writing is more
[13:39]   Ravi V P : ril t 983
[13:39]   Ravi V P : 983.30
[13:42]   Porus : Shai, what was significance of 18828?
[13:43]   Shai : Nothing in my chart Porus
[13:43]   Ravi V P : 200% fib
[13:43]   Shai : there is a minor res line moving at 18856
[13:44]   Amit J : sun 350
[13:44]   Shai : great pick Amit
[13:45]   Shai : vwap held in NF
[13:45]   Shai : chance of an afernoon upside still there
[13:45]   Shai : back to 8594 and 8610
[13:55]   Ravi V P : Nifty becomes short builtup below 8575.35 and long buildyp ab 8575.35
[14:05]   Amit J : exited sun
[14:13]   Shai : great trade. congrats
[14:21]   Amit J : shai your view on zee
[14:22]   Janak : 743! shai u r a god man
[14:29]   r m : @Janak, Shai gave you a 60 point bonus too below 743 🙂
[14:30]   Janak : God deta he to ……:-)
[14:31]   Shai : zeel weak below 381 can see 364
[14:32]   Janak : dabba trading in action? morning me bulls said – chalo 611 se 828 hum sab ki lete hei aur afternoon….
[14:32]   Amit J : ok
[14:32]   Amit J : i have buy call
[14:34]   Shai : ok
[14:34]   Shai : those volumes from 25-26 are still in control
[14:36]   Janak : shai being loyal to pink green working big time man! thnx
[14:37]   Janak : matlab bole to ekdam rm style trading ;
[14:38]   Amit J : look at delta
[14:38]   Janak : yeah amit but that is deceptive – u will c that when green/pink appear – no delta will work
[14:39]   Janak : or many times it will not work – to be more precise
[14:39]   Amit J : thanks
[14:39]   Janak : however BN delta was close to 300 and now it is half – so even delta was indicative
[14:42]   Porus : Shai, short nf (below 8570)?
[14:49]   Shai : No Porus avoid intra now
[14:49]   Porus : Any positional tade?
[14:50]   Janak : maybe a sell with sl vwap+20 shai?
[14:50]   Ravi V P : PC writing is going on
[14:50]   Janak : bn
[14:50]   Amit J : nifty moved from shai’s imp level of 8515 in spot and banknifty from red line on chart
[14:53]   Shai : Porus this is a setup to go lower below 8590 but the market is not making headway
[14:54]   Shai : so my thinking has been to go long abv 8595 ad add abv 8610 sice yesterday
[14:54]   Shai : 8590 to 8540 is the path f least resistance below 8590
[14:54]   Shai : but oce 8540 cracks we could find the next 30- 50 points easily
[14:55]   Shai : also abv 8590 that regio will have stops placed of shorts so upmove can also be quick to 8664
[14:58]   Porus : Shai, what is the type of day (today) in nf, bnf? And what type of day does that point to for tomorrow?
[14:59]   r m : Normal variation in both
[15:00]   Amit J : shai zee above 381 whats your level
[15:01]   Shai : 390/ 397
[15:02]   Shai : Porus NV folowed by 2 neutral days
[15:03]   Shai : more imp inside day in NF
[15:03]   Shai : at this moment ods are open slighty more to upside trend day than downside
[15:03]   Shai : but as usual let price confirm that
[15:04]   Shai : BNf in continuation of yesterday’s 400 low
[15:04]   Shai : solid supp now at 610
[15:06]   Porus : So now if 610 doesnt break bnf can trend up?
[15:07]   Shai : yes next 2- 3 sessions at least
[15:08]   Shai : I’m only wary of that 404 visist which has to come in 5 days since it wa sFA point
[15:09]   Shai : Mukesh’s Jio plans to shake up the internet market : http://telecomtalk.info/reliance-jio-internet-plans-at-rs1/126711/
[15:09]   Shai : looks like a repeat of that voice entry he did
[15:11]   Porus : NF delta 532. Good to carry longs?
[15:14]   Amit J : looks like texmaco infra determined for upper curcuit
[15:15]   Amit J : shai can we short bharti on this, mittal also confirmed in 2g
[15:15]   Amit J : + reliance geo
[15:16]   Shai : Amit that looks the more likely case but knowing Mittal he will have a plan too
[15:17]   Shai : Porus small qtyy only as price is not confirming yet
[15:17]   Shai : keep a portion t ad abv 8610
[15:17]   Shai : move can hit 8732 next week if it comes
[15:25]   Shai : NF spent the entire day trading yesterday’s 3 min move
[15:25]   r m : a tribute to Rajan 🙂
[15:25]   Shai : 🙂
[15:25]   Shai : what if he came every day
[15:26]   Ravi V P : Mkt will collapse
[15:26]   r m : then NF charts could be used as a ruler 🙂
[15:26]   Shai : Jank wuld never leave his seat 🙂
[15:26]   r m : 😀
[15:28]   Ravi V P : 8562 and 8583
[15:28]   Shai : NF OI may have dipped agai today
[15:28]   Ravi V P : Is it SD?
[15:29]   r m : developing Values, will b VAL and VAH tomorrow
[15:29]   Ravi V P : 2.13 TO 2.16 :UP
[15:29]   Shai : dev values
[15:30]   Ravi V P : Thanks
[15:30]   Shai : Bye all
[15:30]   Chiranthan : bye
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Porus : bye
[15:30]   Shai : Have a nice evening
[15:30]   Shai : see you tom