Orderflow charts and Notes 04/12

[08:55]   r m : Good Morning folks!
[08:55]   r m : http://vtrender.com/levels-and-plan-for-412/
[08:55]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-0312/
[08:55]   Porus : GM all
[08:56]   r m : NF Hypo1 below 8570➜8540➜8516➜8491➜8444 SL 8599 Hypo2 above 8610➜8632➜8660-8666➜8732 SL 8588 DEC Future levels
[08:56]   r m : BNF Hypo1 above 18610➜18710➜18770➜18934 SL 18565 Hypo2 below 18560➜18525➜18404 SL 18610
[09:04]   Shai : GM all’
[09:11]   Shai : spot traders will watch 8551- 8558 today
[09:11]   Shai : a move abv that will give 50 points easily
[09:12]   Shai : More chances of a drive at open against the profile of yesterday and inside day
[09:12]   Shai : vah at 8584 first ref area
[09:16]   Chiranthan : spot up by 80 nd futures bu 40 nf
[09:17]   Shai : what were the guys at sgx thinking?
[09:18]   Shai : can buy here NF
[09:18]   Shai : open has put existing shorts in bother
[09:18]   Shai : can expect short covering
[09:18]   Shai : sl will be vah
[09:19]   Shai : tgt 8646/ 8664
[09:19]   Chiranthan : vah is 8582?
[09:19]   Shai : 8585
[09:19]   Shai : yes
[09:20]   Assortz : GM Shai..VAH for BN pls – 18786?
[09:21]   Rahul G : I think it is 18802 assortz
[09:22]   Assortz : thanks Rahul
[09:23]   Shai : vah 18803
[09:23]   Assortz : thanks
[09:23]   Shai : BNF not supp this open with new buyers
[09:24]   Rahul G : shai just because of the delta and the red candle we can assume that there are no new buyers
[09:24]   Shai : yes and price not staying abv open as conf
[09:25]   Shai : fist 10 mins I always look at open price as ref
[09:25]   Shai : BNF aggressive short trade for 18710 with sl of 18825
[09:25]   Shai : 80% rule trade- small qty
[09:26]   r m : FII are using NF highs to close longs since last 3 days. Client using NF lows to close shorts http://vtrender.com/wp-content/uploads/2014/12/oishift.png
[09:27]   Shai : true
[09:27]   Shai : Fii’s just booking some gains after a massive run up
[09:28]   Shai : they didn’t stop buying from 7920
[09:28]   Rahul G : shai need some advice have written some options in BN 18500 and 18600 puts and 18800 calls is this good or should I wait or aquare off
[09:28]   r m : yes, not adding significant shorts
[09:28]   Shai : Rahul if writing options try to stick to 500 point slots
[09:29]   Shai : 18500 put is good but 19000 ce to hedge that was better
[09:29]   Rahul G : okay
[09:29]   Rahul G : thanks
[09:29]   Shai : more liquidity in 500 point strikes
[09:30]   Rahul G : good short call shai
[09:30]   Shai : NF down for gap fill
[09:30]   Shai : stay in NF just below 8582
[09:35]   Rahul G : rm is there a way to add the Banknifty spot value in zerodha index dialogue. We have added this using cntrl+d
[09:38]   r m : you mean in NEST
[09:38]   r m : ?
[09:38]   Rahul G : in zerodha trader
[09:38]   Rahul G : yup nest
[09:39]   r m : yeah, right click on index dialogue bar, show indices dialogue
[09:39]   r m : then right click on banknifty > add to dlgbar
[09:40]   r m : you can add sensex too!
[09:41]   Rahul G : oops this was easy thanks Rm for your help
[09:41]   r m : welcome 🙂
[09:41]   Rahul G : 🙂
[09:41]   Shai : some weird play in Nifty this morning
[09:41]   Shai : exit longs in NF below 8582
[09:42]   Shai : spot went to 8627 and F ato 8628 only
[09:43]   r m : some kind of sector churn going on? large amount buying and selling in cash but net is negligible
[09:44]   r m : FII I mean
[09:44]   Shai : could be RM
[09:45]   Shai : that 60 min candle in spot will be a weird one today
[09:45]   Shai : but signals a sideways market
[09:45]   r m : broader market was green yesterday so MO jumped up
[09:45]   r m : ok
[09:53]   Shai : exit BNF shorts around 18730 if not exited already and keep trigge to go short below 16688 for 18620 with sl of 18625
[09:55]   Shai : the amt charts now have all the volume traded at price as buy volume and sell volume of the bar
[09:55]   Shai : in the rows at the bottom of the chart
[09:56]   Shai : 8582 is an imp stop in NF cos below that we may see 8560 / 8540 all over again
[10:18]   Shai : NF now in a drive down
[10:19]   Shai : anoher open rejection reverse which failed to hold vah
[10:19]   Shai : shorts would put imp at 8592 vwap again
[10:32]   Shai : IB is done now – bounce to vwao is next and then vwap decides what happens
[10:32]   Shai : vwap*
[10:52]   Shai : Stepping out for an hour- be back soon
[11:51]   Porus : Shai, RM, 80% possible in NF?
[11:53]   r m : yes Porus, I think so
[11:54]   r m : It is already half way though
[11:54]   r m : moreover it is not exactly 80%, NF did not stay below VAL
[11:54]   Ravi V P : What is 80%
[11:55]   r m : a trip across value area
[11:55]   Ravi V P : it is 70% or 80%
[11:56]   r m : if price comes into value area from outside then there is 80% chances of it travelling across value area, that is how name of rule is derived
[11:56]   r m : Value area is 68% of total volumes traded
[11:57]   Ravi V P : 8600 ce is heavily written
[11:57]   r m : ok
[12:25]   Shai : back
[12:26]   Shai : 80% trade hapened in NF too
[12:27]   Shai : (09:56) Shai :8582 is an imp stop in NF cos below that we may see 8560 / 8540 all over again
[12:27]   Shai : If NF has come this far it should visist the FA point at 8540 and get it ddne with
[12:28]   Shai : below 8540 now only we can think lower levels of 8515/ 8492 with sl of 8565
[12:29]   Shai : 18610 is the lower level to holdin BNF
[12:30]   Shai : below 18600 good chances of visisting that FA point 18404 or 18450
[12:30]   Shai : hypos are for below 18560 with sl of 18610
[12:33]   Amit J : shai all telecom gone. good call
[12:35]   Shai : 🙂 down 2% each
[12:35]   Shai : but more a panic reaction I feel
[12:36]   Shai : nothing official yet
[12:36]   Janak : 710 supply zone?
[12:38]   Shai : vwap
[12:39]   Janak : twice rejected so far
[12:39]   r m : knowing the sharp practices of reliance, i won’t be surprised if bade bhai created a sham preview site and leaked it 🙂
[12:39]   Amit J : if u get some time, than plz update on frl, huge vol happening in this range since 3 days
[12:40]   Amit J : bade bhai sits in our bldg only 🙂
[12:41]   r m : wow! you are close to him 🙂
[12:42]   Amit J : above him
[12:44]   r m : lol
[12:54]   Shai : FRL could be set for a move to 93- 89 is now res
[12:55]   Shai : even 97 possible in frl – sl of 80.9 now med term
[12:56]   Amit J : thks
[12:57]   Shai : wc
[12:57]   Porus : Shai, can you pls check its group co FCEL ?
[12:57]   Shai : sure – don’t use please
[12:58]   Amit J : fcel good co.
[13:00]   Porus : Amit, any info on its future? IT bot Niligiri chain or south.
[13:00]   Porus : *of
[13:00]   Shai : 11.4- 11.6 resisatnce
[13:00]   Shai : technicalss 12.9/ 13.8 if crossed
[13:01]   Shai : close abv 11.4 this week will be good for fcel
[13:01]   Porus : Shai, bnf is still a buy above 18710?
[13:01]   Shai : both NF and BNf at vwap
[13:02]   Porus : Shai, Is there a chance as per MP of NF, BNF going to IBH?
[13:03]   Shai : today?
[13:03]   Porus : yes
[13:04]   Shai : yes if dvah is crossed then possible
[13:04]   Shai : dvah is the blue lines at 8589 and 18736
[13:05]   Janak : probably if now it goes below vwap – 600 will come?
[13:05]   Shai : it defines value evloped today and comes into play in afternoon session
[13:05]   Shai : also the pink shade in amt charts is dev value
[13:05]   Shai : Janak 18640 if vwap breaks again
[13:07]   Amit J : yes porus. i m holding that.
[13:11]   Janak : 707-670 / 706-642 / 686-641 & 709-680 are the dips so far – now 725 to?
[13:11]   Janak : up or down
[13:34]   Shai : 8590
[13:34]   Shai : this upmove from ibl is still good
[13:38]   Janak : bn delta from below 200 to 246 -ve
[13:40]   Janak : pink appeared at 720 –
[13:42]   Ravi V P : Shai: What is the time frame of each candle?
[13:42]   Shai : OF charts are each 25 ticks and the ramining all 30 mins each
[13:47]   Janak : can buy bn for 775-800 / sl 20 below vwap?
[13:52]   Ravi V P : Janak: 18686(23%) 18718(38) 18745(50)18770(62) 18855(100)
[13:52]   Ravi V P : sl 18686
[13:53]   Janak : oh is that MP?
[13:54]   Ravi V P : Fib with TL
[13:56]   Janak : 🙁
[14:12]   Shai : BNF still getting new lonngs on the dip
[14:12]   Shai : positional players are still holding all longs from RBI day
[14:12]   Shai : NF is a different story
[14:16]   Janak : 20k by dec end is almost confirmed in bn?
[14:17]   Shai : no
[14:17]   Shai : there is no trigger now except a santa rally from 18- 20th
[14:17]   Shai : that can go anywhere
[14:17]   Janak : that is enough for bn to do 1200 pts man
[14:17]   Janak : it does a 1000 in 2 days
[14:17]   Shai : yes but Fii’s are not selling BNF
[14:18]   Shai : generally before Diwali and Chrismas they bring the market down by liquidating/ short selling and then buy heavily at lows
[14:18]   Shai : this is their own little way of giving discounts to them selves
[14:22]   Shai : just looking at the Nifty today – except that first 30 mins everything is back in yesterday range
[14:22]   Shai : wndering what the maorning trip was about
[14:23]   Shai : even sgx traders were taken by surprise
[14:23]   Porus : Close can be expected at vwap?
[14:23]   Shai : yes
[14:24]   Mandar : Shai, i think nf did .618 retracement of fall from 8666-8640
[14:25]   Mandar : 8540
[14:28]   Janak : shai do u suspect rm will take bn to 750 before 3.15 pm today?
[14:28]   r m : I am beyond suspicion 😀
[14:28]   Janak : or above it ;
[14:29]   r m : or keep at vwap 🙂
[14:29]   Janak : lol
[14:29]   Janak : dekho naam dete hi 726
[14:29]   Shai : ok Mandar
[14:29]   Ravi V P : hdfcbank pushing
[14:29]   r m : 666 hota to maan lete 🙂
[14:30]   Janak : green in bn at 725 guys – remember – ideally it gives atleast 40 pts so 765 shd come
[14:30]   Shai : Weekly options : 8500 pe added 30 L and 8600 ce added 25 L – http://screencast.com/t/Cr1s2WN7r
[14:30]   Porus : 8595
[14:34]   Shai : 8602
[14:34]   Janak : 765!
[14:34]   Shai : in teh sigle prints of the open
[14:34]   Shai : 8628 should come – sl of 8588
[14:35]   Shai : chance to recover that norning NF loss
[14:36]   Shai : Tom ECB’s draghi is on schedule
[14:36]   Shai : so bears may be wary of the 2 words QE again
[14:40]   Shai : BNF in the reverse 80 %
[14:41]   Shai : 18720 would have been good on this pull back for an entry
[14:43]   Amit J : QE is almost certain
[14:44]   Shai : yes
[14:44]   Shai : a cose abv 8552 is good for Nifty spot
[14:44]   Shai : preferable cross 8584
[14:46]   Shai : 8580 was the dec estimate – but if we stay abv for next 2-3 sessions then nifty should close dec at 8740 roughly
[14:47]   Shai : 91K buy vol against 39 k sell
[14:47]   Shai : probing up
[14:47]   Shai : nifty that is
[14:54]   Shai : 8570 spot
[14:54]   Shai : intra dayers will book at 8620
[14:54]   Shai : good to cary on a thurs evening when market closes at highs
[14:55]   Shai : fri open is generally higher then
[14:55]   Shai : But even otherwise we are now above 8589 ad NF should look at 8664 from here
[14:55]   Shai : 8664/ 8732 by MOn is the imbalance tgt
[15:01]   Shai : this is now much better than the morning gap open as we have volumes behind
[15:08]   Shai : a full U in charts today
[15:11]   Amit J : jsw long and uco short – any view shai
[15:12]   Shai : sure
[15:15]   Shai : uco 86.2- 85.4 is supp area
[15:15]   Shai : bounced off it today
[15:16]   Shai : can go back to 93/ 95 if 85.4 holds for next few days
[15:17]   Shai : jsw steel 1184 short term res
[15:18]   Shai : 1204- 1209 is the bigger res
[15:18]   Shai : looks like forming a base and sl will be 1148 to confirm that
[15:18]   Shai : but abv 1184 the next 20 points will come quickly
[15:20]   Shai : BN spt on track to close tom at the highest point
[15:20]   Shai : possible abv 18850 spot
[15:20]   Porus : and NF?
[15:21]   Shai : NF 8588 now supp tom and should be at 8664 by close tom
[15:27]   Shai : type of day is still normal- contained in the IB
[15:27]   Shai : 8588 supp tom but should overcome 8628 quickly at open
[15:30]   Shai : 8605
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice evening
[15:30]   Shai : see you tom
[15:30]   Chiranthan : bye
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Amit J : bye
[15:31]   Porus : bye