OrderFlow charts and Notes 05/02

[08:49]   r m : Good Morning folks!
[08:49]   r m : http://vtrender.com/levels-and-plan-for-5th-feb/
[08:50]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-040215/
[08:50]   Porus : GM all
[08:50]   r m : NF KRA 8815 Hypo1 below 8815➜8755➜8685 SL 8851 Hypo2 above 8851➜8895➜8925 SL 8815 FEB Future levels
[08:50]   r m : BNF KRA 19320 Hypo1 above 19320➜19416➜19478 SL 19265 Hypo2 below 19240➜19006➜18860 SL 19320 FEB Future levels
[08:51]   r m : SGX Nifty trading flat
[08:53]   r m : Results today – Tata Motors, PTC India, HEG,Vardhman Textiles, Gulf Oil, Greaves Cotton,AIA Engineering, Petronet LNG, Apcotex, IRB
[08:54]   r m : Results tomorrow – Tata Steel, GAIL, Dena Bank, NMDC, Mah Seamless, SUN TV
[08:57]   Shai : GM all
[09:03]   Sharad : GM all
[09:08]   Tejpreet : GM all.
[09:08]   RK : GM Shai,Rm and all
[09:09]   r m : Hi RK
[09:13]   Shai : trading this morning the spike zone of yesterday
[09:13]   Shai : If BNF continues down below spike lows the tgt is 18860 by tom/ mon
[09:13]   Shai : 8685 in NF
[09:14]   RK : repairing all anamolies if we bread PDL
[09:14]   RK : *break
[09:14]   Shai : yes
[09:14]   Shai : below 8700 spot the big supp is at 8624 prev high
[09:16]   Shai : open is at spike lows
[09:17]   Shai : shorter time frame (day) v/s longer time frame again today
[09:17]   Shai : longer time frame will look to secure 8624- 8700 spot levels
[09:20]   Shai : 19320 res in BNF
[09:20]   Shai : buyers are not in control till we trade below 19320 intra
[09:21]   Amit J : intraday wockpharma buy
[09:21]   Shai : yes was good yesterday and stood out in fno with heavy longs
[09:22]   Shai : 1348 obj in wock
[09:24]   Amit J : short uco
[09:24]   Shai : first touch of val in BNF
[09:25]   Shai : BNF spike is from 13416
[09:39]   Amit J : sl in wock. poor trade at open
[09:41]   Rav : WOCK is counter trend trade and hence sl triggered
[09:42]   Shai : 1250 and 1230 supp
[09:42]   Shai : should produce a bounce
[09:42]   Shai : looks like squaring off of overnight long positions
[09:43]   RK : SUN TV 423 done
[09:43]   RK : possible for 434 Shai? Volume seems good today ahead of results
[09:44]   RK : I think resolution has slightly gone down in charts
[09:46]   Shai : sun tv upside looks limited on current volumes
[09:47]   Shai : 436 possibly only if it crosses 425 on good volumes else will come down
[09:49]   Shai : some determined longs at the lows today in both NF and BNF
[09:49]   Shai : not closing yet
[09:50]   Shai : highs are staying in the IB hour whch means the early longs are still in
[09:50]   RK : noted on Sun tv .thanks
[09:50]   Shai : welcome
[09:51]   Shai : sun business still good down south?
[09:51]   Tejpreet : @Shai lvls for icici bank.
[09:55]   Shai : icici cash 339 and 328 downside in cash- strength abv 349 only
[09:56]   Tejpreet : Thanks . So a safe bet would be to pick up 340 call around 339 cash.
[09:57]   r m : NF IBH is at VAL, guess a breakout should give 80% trade
[09:57]   r m : once IB is formed
[09:58]   Shai : tied tightly to the fortunes of BNF tejpreet
[09:58]   Shai : or the other way around if you please
[09:58]   r m : 🙂
[09:59]   Tejpreet : true that is why small lot of option only no futures.
[09:59]   Shai : this morning activity in icici does not give conviction on long or short side
[09:59]   Shai : yes that would be the right thing to do
[10:07]   Varun : @shai u mention a spike trade in ur blog, what does tht mean can u elaborate
[10:10]   Shai : spike is an unfinished auction
[10:11]   r m : bnf done 19416 target1 (well, almost!)
[10:11]   Shai : continuation only below spike low or spike high
[10:11]   Shai : the market closed before the process completed yesterday
[10:12]   Varun : and how do we know its a spike
[10:13]   r m : @Shai, big sellers in NF at 8795 or so, should we exit the 80% trades seeing such sellers?
[10:13]   Shai : yes can exit or reduce qty
[10:14]   r m : Thanks
[10:14]   Shai : what it tells us is higher prices are being used to sell
[10:14]   r m : ok
[10:16]   Shai : jublfoods big gainer today- people ordering more pizza?
[10:17]   r m : must be AK’s followers, they are enthused by Opinion polls 🙂
[10:22]   Shai : 🙂
[10:23]   Shai : amazingly the same guys gave them 4 votes last time
[10:23]   Shai : I wonder who will be the clowns again
[10:23]   Shai : 8815/ 19415 time to be cautious
[10:24]   Shai : end of IB hour
[10:24]   r m : BJP holding power in Delhi Municipal Corporations since time immemorial, guess people not very happy with local governance
[10:24]   Shai : has been a drive of reduced strength
[10:24]   Shai : vwap comes into play as support rest of the morning
[10:25]   RK : Sun tv still at untouchable at top place
[10:26]   RK : their prime time ad cost are very expensive
[10:26]   Shai : ok
[10:26]   RK : they were debt free company for years but unfortunately spicejet biten his fingers
[10:27]   RK : till spice jet Kalanithi maran was known as man with golden arms in south 🙂
[10:27]   Shai : yes am aware of the spicejet angle
[10:28]   Varun : same story airlines world over, no company makes profit..only govt run airline survive on subsidies
[10:29]   Varun : and very strange too, with airlines always going full
[10:30]   r m : too cometitive to survive
[10:30]   r m : *competitive
[10:30]   Rav : airlines and telecom are ego startup.one or two survive as per world history
[10:33]   Rav : n pcr 1.1 and bn pcr 0.6!!!!
[10:34]   Rav : bn will drag n
[10:38]   Shai : that seller at 10.15 tilted the BNF balance
[10:39]   Rav : wipro with hi vol
[10:41]   Shai : yes IT is up and psubank realty down today
[10:42]   Rav : 19200ce selling is heavy
[10:43]   Porus : Shai, what are the ST levels for HCL TEch?
[10:46]   Shai : using 1897 as supp can do 2001 from here
[10:47]   Shai : cmp 1935
[10:47]   Shai : cash
[10:47]   Shai : tom/ mon
[10:47]   Porus : ok
[10:48]   RK : Shai LT has any chance to break 1670 cash?
[11:00]   Shai : LT is looking weak here but volumes are not big to suggest a breakdown
[11:00]   Shai : looking at 1692 on clsoing basis on friday
[11:01]   Shai : could be a 50 point downside if we close below that next week
[11:01]   RK : thanks
[11:01]   Shai : min 50 point downside
[11:01]   RK : got it
[11:07]   Rav : wipro 628 booked at 636
[11:11]   Shai : BNF ready to run upto 400 again
[11:14]   Rav : bn is in sdie way for option writing.should we buy again at 19320+
[11:14]   Rav : side
[11:30]   Shai : yes had suggested the same to 400- 415
[11:30]   Shai : (11:11) Shai :BNF ready to run upto 400 again
[11:32]   Vinay : Shai, yesbank_F seems to be holding the 798-808 band. I am short, should I be looking to book in this zone
[11:38]   Porus : shai, what shld be SL for bnf buy to 400?
[11:41]   Shai : Porus 12270
[11:42]   Porus : ok thanks
[11:42]   Porus : 19270?
[11:43]   Shai : yes bank 788 was the obj of the move below 825
[11:43]   Shai : it’s missed narrowly
[11:44]   Vinay : ok
[11:44]   Vinay : thanks
[11:44]   Shai : if you are short from higher have to keep tsl of 826 now
[11:44]   Shai : Yes Porus 19270 🙂
[11:44]   Vinay : ok
[11:45]   Vinay : PDH is 828
[11:45]   Vinay : maybe a little higher
[11:45]   Shai : yes
[11:46]   Shai : 1 point errror in the chart as not set to decimals
[12:02]   Shai : auction in NF stuck below 8806- 8816
[12:02]   Shai : sellers still hold control below that
[12:02]   Shai : once above can go to 8850/ 8895
[12:03]   Shai : abv 8815 F
[12:03]   Shai : BNF 18225- 19270 showed buyers today
[12:04]   Shai : if they give up on any price probe below expect a steeper fall to pssibly 18860 by Mon
[12:30]   Sharad : Ravi, Can you check why ” price change ” column not coming in USDINR option chain
[12:32]   Rav : Not having that chain
[12:33]   Sharad : can you check on nse website
[12:33]   Sharad : should i give you link ?
[12:35]   Rav : http://www.nseindia.com/marketinfo/fxTracker/optChainDataByExpDates.jsp
[12:35]   Rav : not there
[12:35]   Sharad : http://nseindia.com/live_market/dynaContent/live_watch/fxTracker/optChainDataByExpDates.jsp
[12:36]   Sharad : ya .. what to do to get that ?
[12:36]   Rav : you have to write macro to update price change in excel
[12:37]   Sharad : ok so have to hire a software guy.. as i do not know
[12:38]   Rav : yes
[12:39]   Sharad : ok Thanks
[12:39]   Rav : cross currency impact is intangible in fx trading
[12:39]   Rav : so I avoided long back
[12:39]   Sharad : ok but i trade more in it so asked
[12:40]   Sharad : anyway thanks for the help
[12:44]   Porus : When will OBC results be out?
[12:45]   Porus : *UCO
[12:45]   Porus : Shai, any ST levels for UCO?
[12:49]   Rav : Shard….use my NIFTY.XLS file…you will get price change
[12:49]   Shai : uco 69.5 was the imbalance tgt
[12:49]   Shai : has sold off quite a bit
[12:50]   Porus : ok thanks.
[12:50]   Shai : don’t see price staying below 67.1
[12:50]   Sharad : can you give again that file Ravi
[12:51]   Rav : will do
[12:51]   Sharad : ok thanks
[12:59]   r m : @Sharad, may be too little movement in options makes it look like that CD option chain not updating?
[12:59]   Sharad : yes RM movement is slow but updating…
[13:00]   Sharad : but main issue is that NSE not giving price change of contract
[13:01]   r m : ok
[13:04]   r m : @Sharad, price changes coming in an quick excel file i made from that option chain
[13:05]   Sharad : RM can you send that file pl.
[13:05]   Sharad : how to do that i don’t know
[13:05]   r m : sure, your email?
[13:06]   Sharad : [email protected]
[13:06]   r m : yeah, i have that one 🙂
[13:06]   Sharad : ok
[13:09]   r m : sent you that file, it is just a simple capture of CDoptionchain from nse website with 1 minute refresh, you may have to enable the data connecion if the file asks you
[13:10]   Sharad : yes got thanks
[13:12]   Sharad : RM file is currept and can not be opened
[13:12]   r m : maybe you have a different version of excel?
[13:13]   r m : i have office 2010 i think
[13:13]   Sharad : i have same 2010
[13:13]   r m : mysterious ways of excel!
[13:14]   r m : it is working on my PC 🙂
[13:14]   Sharad : not opening… download it from your mail and try to open that
[13:14]   r m : I checked with NEST to see if rates updating!
[13:14]   r m : ok
[13:15]   Shai : 8850
[13:15]   Shai : just like that
[13:15]   r m : no issue, i downloaded and it asked me to enable editing and then enable contents Sharad
[13:16]   Shai : this market is a rogue
[13:16]   Sharad : wow .. lets see again
[13:17]   r m : it happened yeterday too Shai, almost impssible to enter though unless stop-market orders ae already in place!
[13:17]   Shai : yes
[13:17]   r m : this one is on good volumes
[13:19]   Shai : 8851 is a seller
[13:19]   Shai : if he gets steamrolled another 30 point jump
[13:21]   r m : boom!
[13:21]   r m : sellers are piling on with all the got!
[13:22]   RK : biggest seller was around 8815
[13:23]   r m : that was Shai’s old friend mentioned in Hypo 🙂
[13:23]   RK : he is with fevicol there for last 2 days 🙂
[13:23]   r m : lol
[13:23]   RK : KRA fellow 🙂
[13:24]   r m : somebody took his key and ran away 🙂
[13:24]   Shai : hdfc shortcovering increased
[13:24]   Shai : today’s stock F data would be buy side
[13:24]   Shai : should be *
[13:25]   Shai : BNF is free to run up now
[13:25]   Shai : 19540
[13:30]   Shai : 19410 supp
[13:33]   RK : HCL and HDFC are the stars
[13:37]   Varun : @shai is 8810 dvah ?
[13:38]   Porus : Europe opens down
[13:39]   Varun : or is 8842
[13:40]   r m : 8817
[13:40]   Shai : 8817 dvah
[13:42]   Varun : which line in profile chart indicates it
[13:42]   Varun : what does 8810 blue line indiacte
[13:42]   Shai : just abv pocv
[13:43]   r m : turquoise blue lines
[13:43]   Shai : fluorescent blue
[13:43]   Varun : ok gr8
[13:43]   Varun : i was looking at profile chart
[13:43]   Shai : yes RM is technically more correct 🙂
[13:43]   r m : lol
[13:43]   Varun : thr is a blue line at 8810
[13:43]   Shai : anomaly
[13:44]   Varun : hmmm ok
[13:44]   Varun : looking for a retouch or a run away move then
[13:46]   Shai : today could be a DD in NF
[13:47]   Shai : likely to stay abv 8820 and do 8895
[13:47]   Sharad : RM sorry gone for lunch , downloaded from 4shared , but same says corrupt can not open
[13:48]   r m : ok, will just send you a mail after market on how to make that excel file
[13:48]   Sharad : ok thanks
[13:48]   Shai : BNF same trade as yesterday for longs in the same zone of 19485
[13:48]   r m : welcome
[13:48]   Shai : yesterday was a disaster
[13:49]   Shai : upsdie is till 620 and 735 by tom
[13:49]   RK : for 19600 with 19400 SL
[13:49]   RK : ok 620
[13:49]   Shai : yes 19620
[13:50]   Shai : Fii were short in stock F
[13:50]   Shai : looks like they beguntocover
[14:02]   Shai : 523
[14:02]   Shai : spot close abv 19350 is a buy with sl of 19240
[14:03]   Shai : tgt 19612/ 19764 next week
[14:10]   Rav : 17% NF and 30% bnf SC happened
[14:11]   Shai : NF can do 8930
[14:11]   Shai : sl will be 8849
[14:11]   Shai : just below pdh
[14:14]   Shai : 30% in BNF is huge Ravi
[14:15]   Rav : agree. now the become lbu and hence
[14:15]   Rav : they
[14:17]   Shai : let’s see the close in BNF
[14:17]   Shai : can create more short covering in last 45 mins
[14:17]   Rav : 9000ce SC
[14:22]   Rav : After SC, If followup buying is not happening,it is becoming double weak
[14:26]   Shai : 8858 should hold here
[14:26]   Shai : sellers coming in as green turns pink
[14:27]   Manoj : @Shai…that green turns pink means limit sell orders…right?
[14:27]   Rav : this 5 min candle closing need to be taken into account and not starting
[14:27]   Shai : limit + market on an avg
[14:28]   Manoj : k
[14:28]   Shai : stay long as much as that is green
[14:28]   r m : @RK, that seller at 8815 was bypassed 🙂 http://screencast.com/t/2asZtrfpaei4
[14:29]   Shai : was steamrolled actually 🙂
[14:29]   r m : yeah, with a 1 lakh hp engine 🙂
[14:30]   Shai : good chance for the NF to visist that prior seller at 8950
[14:30]   RK : Yes RM can see only a flash there:)
[14:30]   Shai : something similar to what RM put up happened there earlier
[14:31]   r m : the Pink cometh!
[14:31]   Rav : they may surprise with gapup
[14:36]   Shai : yes that pink means upside done for the day most probably
[14:36]   Shai : 8850- 8890 DD to play
[14:55]   r m : bears galore
[14:56]   Rav : nf 11% sbu and bnf 11% snu afresh
[14:58]   Rav : writers work
[14:58]   Shai : BNf does 300 points as if it has nothing else to do
[14:59]   r m : vwap acting as a fulcrum 🙂
[14:59]   Rav : spot was back 8745-8755 yesterday writing range
[15:00]   r m : ok
[15:02]   r m : while nifty CE prices went downhill, PEs were rotating in a small range http://vtrender.com/nifty-option-charts-4th-feb-2015/
[15:02]   Rav : nf 10% Long added
[15:06]   r m : neutral day in BNF
[15:06]   Rav : nf sbu bnf lu….good for bnf tomorrow
[15:10]   Shai : looks like morning longs forced to close
[15:11]   Rav : LU now SBU
[15:15]   Shai : BNF back to doinh 18860
[15:15]   Shai : NF to 8685
[15:15]   Shai : what a reversal
[15:17]   Rav : Pre[arong for budget rehersal
[15:17]   Rav : preparing
[15:19]   Rav : shai shall we cover bnf or carry forward
[15:20]   Shai : 19006 was the obj of the move below spike low
[15:20]   Shai : almost there
[15:21]   Shai : highs of 19240 are another short tom
[15:21]   Rav : 19090 and 8723 booked
[15:22]   Shai : 170 point swing
[15:22]   Shai : caught the mkt napping
[15:27]   Shai : buyers at lows
[15:27]   Shai : another spike actually
[15:28]   Shai : hell it’s not even a friday
[15:30]   Shai : NSE happiest today
[15:30]   Shai : first bears then bulls
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice evening
[15:30]   RK : oops..hard to digest the run..:))..bye all
[15:30]   Rav : many calls stikes liquidated
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:38]   Porus : bye all