OrderFlow charts and Notes 04/02/15

[08:47]   r m : Good Morning folks!
[08:47]   Porus : GMA all
[08:47]   r m : http://vtrender.com/levels-and-plan-for-4th-feb/
[08:47]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-030215/
[08:48]   r m : NF KRA 8815 (Key reference area) Hypo1 above 8815➜8850-51➜8887➜8925 SL 8779 Hypo2 below 8789➜8732➜8685 SL 8806 FEB Future levels
[08:48]   r m : BNF KRA 19660 Hypo1 below 19660➜19436➜19298 SL 19735 Hypo2 above 19740➜19886➜19950 SL 19670 FEB Future levels
[08:57]   r m : Results today – Tata Power, Gujarat Pipavav, BhartiAirtel, Aurobindo Pharma, KEC
[09:05]   r m : Results tomorrow -PTC India, Tata Motors, Petronet LNG
[09:09]   Tejpreet : GM all.
[09:13]   Shai : Gm all
[09:13]   Rav : GM
[09:15]   Shai : open near vwap of yesterday
[09:17]   Rav : ongc 352-374
[09:19]   Shai : nice trade
[09:19]   Rav : not booked shai.T 398
[09:19]   Shai : 🙂
[09:20]   Amit J : good call
[09:20]   Amit J : exited hero
[09:23]   Shai : BNF may want to test vpoc 19600 once here
[09:24]   Sharad : GM all
[09:29]   Amit J : canara and wock short
[09:30]   Shai : psu banking space is bleeding bad
[09:32]   Shai : canara results today 🙂
[09:33]   RK : TCS also moves alongwith BNF down..HCL stays strong
[09:33]   RK : GM Shai,RM and all
[09:34]   r m : Hi RK
[09:35]   Shai : vpoc test looks buried
[09:35]   Shai : ready t go to 19298 first
[09:35]   Shai : at some stage today that vpoc test should come
[09:37]   Shai : can bk supp in the 414-417 zone
[09:42]   Varun : @shai will delhi elections have an impact
[09:42]   Varun : cos we r in middle of high volatility
[09:43]   Shai : no I don’t think so
[09:43]   Shai : we have a stable govt at the center for these things to matter nationally
[09:45]   RK : hypo short trigger 8789 or 8779?
[09:45]   RK : i think typo there
[09:46]   Shai : short below is 8779
[09:46]   Shai : will correct. thanks
[09:48]   Shai : 19277 spot is vwap of the Jan move
[09:48]   Shai : has to stay above for longs
[09:49]   Shai : for weekly/monthly positional longs that is
[09:55]   Shai : 8815 imp for the Buyer to defend
[09:55]   Shai : seeing buyers at the lows here
[09:56]   Vinay : shai what is the objective under 168 in DLF
[09:56]   Shai : BNF low of 19321 is 23 short f the objective of the move
[09:56]   Shai : but vwap should cross for sellers to pause ntra da
[09:56]   Shai : day
[09:58]   Shai : dlf has to break below 167.5 now then obj is 157/ 154 by friday/ mon
[09:59]   Vinay : thanks
[09:59]   Shai : sl abv 172
[09:59]   Shai : weakness look sjust setting in here but price not confirming yet
[09:59]   Vinay : yes
[09:59]   Vinay : an hour or two close below 167.5 would be better
[10:00]   Shai : yes
[10:01]   Varun : an intraday vwap cross could mean support taken for bnf @shai?
[10:08]   r m : 19298 done
[10:09]   Shai : yes
[10:09]   r m : spot below
[10:09]   r m : 19232
[10:11]   Shai : buyers only have the IB 3 x rule to play for now and hope selling subsides with end of IB
[10:11]   Varun : whts ib x3 rule
[10:13]   Varun : bnf profile is hanged
[10:13]   Varun : no developing
[10:16]   Shai : when 3IB is done the previous day the lows of the next day come bear the IB period
[10:21]   Varun : “come bear the ib period”, what does this mean
[10:21]   Shai : after 10.15- 10.45
[10:22]   Amit J : short canara
[10:23]   r m : @Varun, that “bear is actully “near” 🙂
[10:23]   Varun : cool rm 😉
[10:24]   Rav : For BN, We can use either b or n as both are close to each other in name and keyboard
[10:25]   Mandar : Gm All. Amit can you find out possiblity of crompton demerging its consumer business and listing it?
[10:25]   Shai : BNF back in IB
[10:26]   Shai : Highly aggressive trade is for 380 vwap with day low as sl
[10:26]   Amit J : nothing expected in short term but stock should bounce
[10:27]   Mandar : Thanks Amit.
[10:29]   Rav : 8800 pcr is 1 and hence this spot of 8740-8750 must act as big support in this first week
[10:36]   Shai : vwap dropped to 372 in 10 mins caliing price closer 🙂
[10:38]   r m : NF VWAP = KRA 🙂
[10:44]   Shai : NF
[10:44]   Shai : 36 points in that candle
[10:44]   Shai : this market is just getting weirder
[10:46]   r m : in that 8701-8728 spot zone
[10:47]   Shai : yes]
[10:47]   Shai : intra day is trending down
[10:53]   Rahul G : shai view on pfc
[10:57]   Shai : pfc 284.5 supp seems to be holding
[10:57]   Shai : can do 305/ 313 as long as 284.5 protectted
[10:57]   Shai : BNF does vwap
[10:57]   Shai : It did not make a low along with NF
[10:58]   Shai : key still at vwap
[10:58]   Varun : shai if we are short bnf, should we cover like 20 point above vwao
[10:58]   Varun : p
[10:58]   Shai : 19405 better for trailing
[10:59]   Varun : ok gr8
[10:59]   Shai : the only reason we did the counter trend was that the day objective was met
[10:59]   Varun : the g profile made a higher high higher low
[10:59]   Shai : NF looks more wealer here now
[10:59]   Varun : in bank nifty
[11:00]   Varun : normaly an end to a big move
[11:00]   Shai : can do 8732
[11:00]   Shai : ok
[11:00]   Shai : it is an open drive down
[11:00]   Shai : so vwap is a big play today
[11:01]   Shai : can lead to short covering if vwap shows volumes
[11:01]   Rahul G : thanks shai for fpc
[11:01]   Shai : welcome Rahul
[11:01]   Varun : nifty also playing ur ib trade with a big tail
[11:02]   Varun : ibto poc to ib extreme
[11:09]   Shai : 100 points done abv vwap too
[11:10]   Shai : 405 supp
[11:10]   Shai : let’s see if it does vpoc here
[11:10]   Porus : where is that?
[11:10]   Varun : whts r the vpoc for nf and bnf
[11:10]   Rav : 19620 is vpoc shai
[11:11]   Shai : 620 yes
[11:11]   Varun : vpoc the poc the poc of the previous day ?
[11:11]   Shai : yes
[11:11]   Shai : a vpoc test happens mostly in a next day auction
[11:12]   Rav : 19905 is another vpoc
[11:12]   Shai : except today that the order got reversed in BNF and went down first
[11:13]   Varun : does it happen when market opens within value or even for out of balance market
[11:13]   Shai : (09:23) Shai :BNF may want to test vpoc 19600 once here.(09:35) Shai :vpoc test looks buried.(09:35) Shai :ready t go to 19298 first(09:35) Shai :at some stage today that vpoc test should come
[11:13]   Shai : gen for open within range
[11:14]   Varun : hmmm
[11:14]   Shai : but when it moved out that test lower took priority
[11:14]   Shai : 480 has morning sellers
[11:14]   Shai : abv that should be easy
[11:15]   Varun : there is another rule, which interpreted in many forms, a break out and back in range- means reverse for the other extreme
[11:15]   Varun : tht coincides with vpoc test for bnf
[11:15]   Shai : true
[11:17]   Tejpreet : does that mean above 480 we can look for 600.
[11:17]   Shai : yes Tejpeet
[11:18]   Shai : that morning seller will try to short the rise
[11:18]   Tejpreet : ok thanks.
[11:18]   Shai : but abv 480 he should cover quickly
[11:18]   Shai : just like what ahppened abv vwap
[11:25]   r m : testing 8815
[11:25]   Rav : 9000ce buying and 8700pe writing on
[11:29]   RK : yday we had jump of 20 up in a candle and went down later and we had candle with 30 jump downside and moving up..OTF gone for sleeping mode and they seems to be back only by last week of Feb to hear budget
[11:29]   RK : tough time to swing stocks
[11:35]   r m : nf stagnating above vwap
[11:36]   Rav : instead of putting sl, pl go infor delta neutral in this mkt
[11:36]   r m : ok, Thanks Rav
[11:37]   RK : thats true Rav..time to be neutral
[11:41]   Rav : long in nf at 8888 and 8775
[11:41]   Rav : bought 8800 and 8750 pe
[11:42]   r m : ok
[11:46]   Rav : bnf shorted at vwap
[12:17]   Amit J : short auro
[12:26]   Rav : nifty in sisway for option writing and bnf in sell mode.both are sbu
[12:28]   r m : ok
[12:59]   Tejpreet : can can bnk results wake up bnk nifty bulls .
[13:02]   r m : it has only 1.86% weightage in banknifty, may change sentiment though
[13:03]   RK : Sellers coming in at every rise of BNF
[13:03]   RK : in NF too around 8815
[13:04]   Tejpreet : True sellers coming at even lows leave aside rise .
[13:04]   r m : @RK, yeah they read Shai’s blog and KRA 8815!
[13:04]   RK : may be a breakout can lead to SC.
[13:05]   RK : 🙂
[13:05]   r m : @RK, dvah in nf attracted big sellers this time
[13:05]   RK : Yes RM noticed it
[13:06]   r m : but net delta is at the peak
[13:06]   RK : RM BN delta not gone down at all 🙂
[13:07]   Tejpreet : Too many shorts in system whenever SC comes it will be swift one .Keeping an eye on Shai level 480 on BN.
[13:07]   RK : Tejpreet am sitting next to you there 🙂
[13:08]   Tejpreet : 🙂
[13:08]   RK : Shai SL for 480 buy can be 19424?
[13:11]   Rav : bnf in buy side
[13:13]   Shai : bnf
[13:13]   Shai : pdl will be sl
[13:13]   Rav : bnf lbu
[13:17]   Shai : Put sl in BNF at 19399
[13:18]   Shai : 15426 is a high vol zone and can attract price
[13:22]   Shai : sl take in BNF
[13:23]   RK : NF had a good volume in that break out above 8815
[13:23]   RK : BNF lost it..
[13:24]   Shai : Yeah BNf getting messy
[13:26]   RK : Cant accept the rise then and now cant accept the fall..that’s life here 🙂
[13:26]   Tejpreet : Am still holding as got 20000 calla t 275.
[13:27]   RK : great
[13:28]   r m : Crude bears have been roasted alive!
[13:28]   r m : 25% up from lows
[13:29]   RK : it was always around the corner RM 🙂
[13:30]   r m : yes, perhaps all bears did a “Ghar Wapasi” to becoming bulls 🙂
[13:31]   RK : 🙂
[13:31]   Tejpreet : just read a leading brokerage given id call to buy bn at 19480 for target 630
[13:32]   Tejpreet : so 480 is lvl everyone keeping eye on.
[13:34]   Rav : 19480-19485 is the buy level in 5 min charts of all
[13:47]   Shai : RK rise was expected once we came close to 19300 F but the quality of rise is not as good consdering that the BNF has been a ring leader
[13:47]   Shai : (10:11) Shai :buyers only have the IB 3 x rule to play for now and hope selling subsides with end of IB
[13:48]   Shai : BNf settling down at vwap / dpoc
[13:48]   Shai : has not shown intest to get past 480
[13:49]   Shai : if vwap breaks we may get another 50 point slide to 15325
[13:49]   Tejpreet : Can someone throw light on how to know wether option writing or buying is happening at a particular strike.
[13:52]   RK : Yes Shai as you said it has been messy to follow..we get entries but the follow through is a issue..lets wait till the dust settles 🙂
[13:53]   RK : btw forgot to update..HUL low was 895 in cash 🙂
[13:53]   RK : it came all the way down from 940 to bounce from that 895
[13:54]   Sharad : Shai just for information.. FII sold 2 crore ICICI , 20 lacs Yes bank , 2 crore SBi .. ow will BNF go up?
[13:54]   Sharad : in last 3-4 days
[13:56]   RK : Shai Heromotors can be bought here?
[13:56]   Rav : sharad…which fii or dii bought that
[13:57]   Rav : ce writer would have sold put buyers would have bought
[13:58]   Sharad : don’t know who bot… but check FII stock future short positions of last 3 days
[13:58]   Sharad : 5400 crore or more
[14:00]   Sharad : BNF 18400 by next week projection
[14:00]   Rav : bnf back to blue territory
[14:02]   Sharad : Ravi can you tell why 9000 calls are unwinding.. what implication ?
[14:02]   Sharad : even 8000 calls see 1.77 lacs unwinding
[14:04]   Rav : if ll happens, writers have to cover . it is good for bullishness. weak players are exiting in LL
[14:05]   Sharad : ok
[14:05]   Rav : i but in lbu and ll specifically
[14:05]   Shai : hero motors cash buy abv 2851 – can give 2885/ 2895 quickly
[14:06]   RK : thanks Shai
[14:06]   Sharad : what do you mean by LL
[14:07]   Rav : long liquidation
[14:07]   Sharad : ok thanks
[14:08]   Sharad : INR today’s new high 62.0325
[14:12]   Rav : 9000ce LL is visible in OI but buying is happening in Volume data
[14:12]   Rav : bnf again into sell mode
[14:12]   Varun : @rav wht triggered it, any specific thing uve noticed?
[14:13]   Rav : upto 8th feb, option buildup must happen for that this kind of up and down swing is required
[14:21]   Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/f5f7fdf9-7b41-483e-9c43-91d8fdd58651
[14:21]   Rav : bnf is in sell mode for last 3 days in daily chart
[14:25]   r m : Thanks Rav
[14:25]   Varun : thnks rav
[14:27]   Rav : nf too
[14:28]   Rav : wc
[14:31]   RK : delta at high
[14:34]   Sharad : nifty put 8300 , 8500 , 8700 all added 5 lac +
[14:35]   Rav : at 20250 bnf short started alongwith 20000ce writing in this series
[14:35]   Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/e87197f4-0613-4b73-ba2f-89c465e7a109
[14:37]   Rav : until the green candles start appearing with green arrows and bar in downside panes, this will continue
[14:51]   Shai : 8840 cross will give a quick 30 to 8870
[14:58]   Rahul G : shai where is vwap in bn
[15:01]   r m : 19393
[15:02]   Rahul G : thanks rm i was planning to take long and keep sl at vwap good i missed it
[15:04]   Varun : dow 350+. still we in a dwntrend on continuos days. looking weak
[15:08]   Rav : FIIs are preparing the mkt for prebudget rally by driving out weak players
[15:09]   Shai : Yep
[15:09]   Sharad : 62.08 INR new high
[15:09]   Varun : my gues could be wrong, but if aap wins on 10th, a knee jerk will come
[15:09]   Rav : decent buildup is seen at 8500-8800pe to counter 9000ce OI
[15:10]   Rav : when many outside delhi states elect BJP, What will AAP do even if they win Delhi ?
[15:10]   Shai : Varun, for those of us who live outside delhi , we are bewildered by what the noise is all about 🙂
[15:10]   Rav : nothing for sure
[15:11]   Varun : big headache for modi, he will standoutside pn house everyday for money, then dharna for more funds.he wants to be anational player
[15:11]   Shai : it’s just a local election with zero influence at the center
[15:12]   Shai : 🙂
[15:12]   RK : He will be busy with media so no problem for center 🙂
[15:12]   Varun : as cong is over, wants to be alternate at national level by 2019
[15:12]   Varun : 🙂
[15:12]   Shai : That’s politics – but for now we have a stable govt at center and that’s all that matters
[15:12]   Varun : in other news bnf broke its lows 🙂
[15:13]   Shai : not quite
[15:13]   Rav : nf back to sell mode region
[15:13]   r m : @Rav, actually Kejriwal’s problem is that he is entering at the top, they should have fought the municipal corporation election first and learned the ropes, intentions even if good (though suspect in his case) are not sufficient to provide good governance
[15:13]   Varun : ya ya my bad
[15:13]   Rav : agree rm.
[15:14]   Shai : weird auction today
[15:14]   Rav : Politics is the toughest one to manage and manipulate and needs special skills
[15:15]   r m : yes, they can teach MBA students any day 🙂
[15:16]   Rav : 19245 is seen in volume profile.might be poc of some day
[15:17]   Rav : jan 16 th poc
[15:18]   r m : must have been JAN series
[15:20]   Shai : close coming at lows
[15:20]   Shai : BNF in a tricky terittory here again
[15:21]   r m : feb series had single prints down to 19100 on 16th JAN
[15:21]   Rav : covered at 19245
[15:22]   Sharad : 62.13 wow
[15:24]   r m : EURINR and GBPINR are 1% up today
[15:25]   Rav : 8755 is visible in chart as poc
[15:26]   Varun : has of changed in bnf @shai (blue/red)
[15:26]   Rav : covered at 8755
[15:27]   Shai : BNF is red
[15:28]   Rav : 21st Jan POC 8755
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : close at lows
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice evening
[15:30]   Porus : bye all
[15:32]   Tejpreet : Bye all