OrderFlow charts and Notes 05/03

[08:57]   r m : Good Morning folks!
[08:57]   r m : http://vtrender.com/levels-and-plan-for-5th-march/
[08:57]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-040315/
[08:57]   r m : Nifty MAR Future levels Key Reference Area (KRA) 8926 Hypo1 above 8926➜8971➜9008 SL 8910 Hypo2 below 8910➜8855➜8794 SL 8926
[08:57]   r m : Banknifty MAR Future levels KRA 19673 Hypo1 above 19673➜19800➜19904 SL 19640 Hypo2 below 19625➜19521 SL 19676
[08:59]   r m : Nift Spot update We believe that the Up auction is over now and the market will drift in a sideways 8844- 8980 kind of range.
[08:59]   r m : Banknifty Spot update – The BN hit 20541 in early trade 43 points short of the expected 20584 levels. However the profile closed below 19636 spot in imbalance which would open the possibility of a further drop to 19376 immediately.
[09:00]   Porus : GM RM and al
[09:03]   r m : Hi Porus
[09:03]   r m : SGX Nifty trading flat
[09:09]   Sharad : GM all
[09:11]   Sharad : RM can you tell me what to do to see index in zerodha.. reloaded yesterday
[09:12]   Sharad : index dialogue bar to open
[09:12]   r m : CTRL + I
[09:12]   Sharad : ok Thanks done
[09:12]   r m : welcome
[09:12]   r m : one has to wake it up every morning 🙂
[09:14]   Sharad : yes
[09:14]   Tejpreet : GM All.
[09:17]   Shai : Gm all
[09:20]   Shai : NF buyers
[09:21]   Shai : expected probe is back to 9010 zone
[09:21]   Shai : where we review
[09:22]   Sachith : GM all
[09:25]   Shai : Looking for BNF 19800 with sl of 19640
[09:31]   Rav : 9100ce writing 8800pe writing on
[09:32]   Shai : yes – just this initial move and then drift
[09:33]   Shai : scene changes then to last afternoon for inventory changes if any
[09:33]   Shai : late*
[09:33]   RK : GM Shai,RM and all
[09:34]   Shai : 19782 has the volume though price shows 19800
[09:34]   r m : Hi RK
[09:34]   Shai : seller is there
[09:35]   Shai : book if carrying longs from 19690
[09:36]   Shai : pipavav lower circuit
[09:36]   Shai : how can deal be sealed at 64 when price is trading 76 in open market?
[09:37]   Rahul G : charts are not updating shai
[09:37]   Shai : ?
[09:38]   Shai : charts not updating?
[09:38]   Rahul G : yuo
[09:38]   Varun : yes shai, rates changing 2 min slow
[09:38]   Rahul G : yup
[09:38]   r m : lagging behind
[09:38]   r m : NF and BNF nearing hypo1 objetives
[09:39]   Varun : like bnf went till 850
[09:39]   Shai : Rebuy BNF closer to 19780 with sl of vwap tgt 19900
[09:40]   Shai : ok
[09:40]   Shai : restarting data
[09:47]   r m : sellers imported with data 🙂
[09:47]   RK : 🙂
[09:47]   Shai : 🙂
[09:50]   Shai : exit the long BNF trade below 19723
[09:53]   Shai : sellers in NF als now
[09:53]   Shai : NF for a test of 8926 sl of 8974
[09:56]   RK : HCL at ATH
[10:06]   Shai : volatile morning about to go quiet
[10:07]   Shai : IB is done should contain price for a while
[10:19]   Shai : buyers have come back in NF
[10:26]   Amit J : shai your view on itc for buying
[10:31]   Shai : itc sideways most possiby close here 345 weekly. Most obvious trade is to buy abv 356 for 380/ 396
[10:31]   Shai : but can do some bottom fishing as long as 340 holds as the expected move to 328 has not materialised below 338
[10:32]   Vishal : shai downside levels for tata steel
[10:32]   Amit J : thanks
[10:38]   Shai : tata steel 339 expected
[10:39]   Shai : today
[10:40]   Shai : Market is locked in the IB range – day traders will cntrol
[10:40]   Shai : look for 20 point moves using vwap to IB extremes
[10:41]   Shai : BNF a dominant seller is there ar 19780. at 1 point he looked like he would be forced to cover but cam eback
[10:42]   Shai : excess at 19848 will be tough to conquer intra day
[10:42]   Shai : Trade idea woud be to look for shorts in BNF now around 19800 for that anomaly revisist
[10:42]   Shai : sl of 19895 F
[10:44]   Amit J : waht is anomaly in BN?
[10:44]   RK : 19592
[10:45]   RK : and 19520F
[10:46]   Shai : positional go with the 19376 and 19736 view
[10:46]   Shai : one or the other from here
[10:47]   Shai : best is to visist 19376 and rise strongly on buying vols
[10:49]   Shai : be back in few mins
[11:31]   RK : Axis nice bounce from 607 Shai’s support level Shai
[11:33]   r m : in NF 11:15 bar, there are more sellers then buyers, yet the delta is a big green bar
[11:40]   Shai : 19820 set it back down
[11:47]   Amit J : tcs very good short
[11:49]   RK : LT breaks PDL
[11:49]   RK : Amit TCS event base?
[11:49]   RK : *based?
[11:54]   Varun : wvap band and ib low merging
[11:55]   Varun : contra trade possible
[11:56]   Shai : tcs can drp to 2660
[11:56]   Shai : 2643 supp
[11:56]   Shai : sl abv 2725
[11:57]   Amit J : rumor of earning warning coming in tcs
[11:57]   Shai : Yes Varun watch for green
[11:57]   Shai : same abv 8952
[11:58]   Varun : and we opened within value, so val also to support
[11:58]   Varun : but only one thing missing, a good tail
[11:58]   Varun : although we have 3 tpos
[11:59]   RK : thanks Amit
[12:02]   Shai : BNF off to 19799- Buy abv vwap 1949 for 19799 sl of 19715
[12:02]   Shai : vwap* 19749
[12:03]   Shai : Buyers in NF
[12:06]   Rav : Varun…we opened within value?
[12:08]   Varun : yes in nf
[12:08]   Varun : open 57, val 35
[12:08]   Rav : below VA
[12:10]   Varun : didnt get u rav
[12:10]   Varun : we opened within pva was my pov
[12:10]   Varun : and in such cases it tortates within pval pvah
[12:10]   Varun : rotates*
[12:11]   Varun : untill one breaks fro 2 brackets
[12:13]   Rav : nf opened below YVA
[12:13]   Shai : Yes besides 8926 is a strong buyer from yesterday
[12:14]   Varun : as per shai yva was 9107-8935
[12:15]   Shai : yes fairly big value area
[12:15]   Shai : but on a trend day bias is at POC
[12:16]   Shai : there is no value on a trend day so we give importance to the highest volume
[12:16]   Varun : 8950 rite
[12:16]   Shai : No value created
[12:16]   Shai : 8950
[12:27]   Varun : @shai isnt ystrday day low in nf a very poor one
[12:27]   Varun : fora trend day
[12:27]   Varun : should it not have a tail for aupmove to start
[12:31]   r m : also today’s entire trading is within yesterday’s spike
[12:31]   r m : acceptance of price at lows
[12:32]   Varun : rm my gf if we see double prints at ib low again, we break yesterday low
[12:32]   Varun : lets see
[12:33]   r m : ok
[12:34]   Rav : PCR is seen at 3 . heavy pe ce writing at 8800 and 9000
[12:34]   Shai : yes happens when market closes at lows
[12:35]   Shai : seller is definitely in control even today as price is lower still
[12:37]   Vishal : shai wat would u make of yesterdays fii sell figure in index future.. only 3 crs?
[12:37]   Vishal : their last 4 days of buying in index future was around 3500 crs
[12:38]   Shai : They traded a lot intra day- may have covered some longs at the higher prices and rebought at close
[12:40]   r m : By FII standards they just played intra yesterday except for sizeable cash buying
[12:40]   Vishal : cash buying i guess around 1900 crores was eicher deal
[12:41]   r m : ok
[12:42]   Rav : 8500-8900 both pe ce writers active. who will win
[12:44]   Amit J : pro were short. i mentioned 2 days back also. pro is most imp because all operators trade is reported in pro
[12:44]   Amit J : any noticable change in pro data should always be tracked
[12:45]   RK : Rav whoever it is let them take there in a straight highway and not through gullies..can’t withstand deep turns..your first week of series theory is alsso there :))
[12:48]   r m : @Amit, PRO are more important in index options because they have a significant % of ownership in OI, in index futures their exposure is relatively low
[12:48]   Varun : rm 😉
[12:49]   Shai : 🙂
[12:49]   r m : here we go!
[12:49]   Shai : Big buyers
[12:49]   r m : Nifty on Varun’s path 🙂
[12:49]   Varun : double prints should never be made is the simple point for a reversal
[12:50]   r m : Thanks
[12:50]   Varun : arey sir kya thanks
[12:50]   Varun : full on khichai
[12:50]   r m : lol
[12:51]   r m : hum to khud hi khinche rehte hain, auron ko bhala kya kheenchenge 😀
[12:51]   Varun : dalton says it may times poor lows and poor highs dnt sustain
[12:51]   Shai : BNf getting sellers again
[12:51]   Varun : shld have a tail
[12:51]   Shai : on track for that 521
[12:52]   RK : 19521F and 19376S last hope
[12:53]   r m : last hope approaching fast!
[12:53]   Shai : the budeget day buyers are at 8888- 8855
[12:54]   RK : too early to fall big?..still 2.30 hours left
[12:54]   Shai : don’t go for aggressive shorts in NF
[12:54]   Shai : Varun you will get a tail if price goes on track with orderflow
[12:55]   Varun : ddint get it @shai
[12:55]   Varun : i was ref to last days profile
[12:55]   Varun : it had a poor low with no tail
[12:55]   Shai : early signs of a buying tail here in today’s profile
[12:55]   RK : 12.45 bar shows red pane!!
[12:56]   Varun : now if we reeneter ib, could eba good move
[12:56]   Shai : BNF jumped 100
[12:59]   Amit J : it should weaken now and ITC banknifty should strength
[13:05]   Rav : RK…yes ce writers won. when nifty hit highest point yesterday,that original 42 lacs writers did not even cover .whatever pe ce written today will give good gain on monday 9.15 itself with 3 days time decay
[13:05]   RK : true Rav
[13:07]   r m : NF hypo2 is active below 8910 but those greens are frightening me 🙂
[13:08]   RK : RM greens so far couldn’t push..Short here with stop at pullback high of 8954 is slightly risky but worth 🙂
[13:09]   r m : Thanks
[13:09]   Rav : yes rm…here we can see http://www.screencast.com/users/Ravicbe/folders/Jing/media/03898410-a235-49f3-8a4a-c5c874bebf64
[13:09]   RK : it slipped 🙁
[13:09]   Rav : 9000 is strong resistence and pushing
[13:10]   r m : Thanks Rav, your sheet is a work of art man!
[13:10]   r m : Fusion of science and art
[13:12]   RK : Rav Max pain at 8900?
[13:13]   RK : at weekly support 8856s
[13:17]   Rav : 8900 RK
[13:17]   RK : thanks
[13:18]   Rav : 9000CE Writers gained 32 and 8900pe writers gained 26 so far
[13:21]   Shai : Positional Buy 20500 ce at 104- 110
[13:21]   Shai : will update levels for sl and tgt
[13:22]   Rav : dark horse left in the race is wipro since Infy inched first followed by TCS and HCL .T 720
[13:26]   Rav : bnf yesterday 10% SBU and today also 10% sbu. hence 20% shorts added. gapup opening as usual will create SC or will be pushed to 19075 level
[13:29]   r m : 8849-8949 spot range so far
[13:29]   Shai : cross of 8933 and 19673 required for the bulls to be safer
[13:36]   Shai : response from 19512 is good
[13:36]   Shai : Buyers have to cross IBL and vwap
[13:37]   Shai : Positionals will keep watching that 19736
[13:40]   Shai : Weekly close today afternoon
[13:40]   Shai : NF has to meet more buyers other wise risk of a close lower at 8870 or even 8855
[13:51]   r m : dpoc moves down in NF
[13:52]   Shai : yes about 60 mins + since we dropped here
[13:53]   r m : ok
[13:53]   Varun : wht does it suggest @rm@shai
[13:53]   Shai : On the intra day TF it is acceptance
[13:56]   Shai : boom boom
[13:56]   Shai : 19810 seller up next in BNF
[13:57]   Shai : Buy the dip to 19680 with sl of 19625
[13:57]   Shai : BNF has to take out that seller
[13:57]   Varun : buyer in ng
[13:57]   Varun : nf
[13:57]   Varun : 178000
[14:02]   Rav : when i was taking lunch, i recalled last holi one day ebfore trading. Market went up to make all happy but when i came back now, i see literally. dark horse wipro gave already 4 bucks
[14:04]   r m : Wipro did not like the term dark horse!
[14:07]   r m : Wipro was sold off from 675-77 on 3rd
[14:08]   Rav : we sold at 680 rm
[14:08]   Rav : every 10 Rs exiting intra
[14:09]   r m : ok, thanks
[14:10]   Shai : 8925 and 19625 back as intra day supports
[14:12]   Shai : we may have made another low toay
[14:12]   Shai : today
[14:12]   Shai : auction blocked for now
[14:12]   Shai : seller yesterday and buyer today
[14:13]   Shai : swing low I meant
[14:16]   r m : seller at top in NF
[14:17]   Shai : 8948 is another buyer
[14:17]   RK : 8948 has 7 times bigger buyer 🙂
[14:17]   Shai : who added before 2
[14:17]   r m : sandwich 🙂
[14:17]   Shai : BNF that 810 guy is the hurdle for the bull
[14:17]   Shai : we clould be looking at 9020 close in next 1 hour
[14:18]   Shai : sl of 8924
[14:20]   Shai : s is a bit deeper to protect from last hour vlatility and keep tgt intact
[14:20]   Shai : based on the weekly candle
[14:20]   Shai : SL**
[14:27]   Amit J : adani ent buy
[14:28]   Amit J : won coal block
[14:32]   Shai : ok
[14:40]   Rav : max pain at 19800
[14:45]   Sachith : shai, view on short rel infra
[14:50]   Shai : Sachith don’t short rel infra today
[14:50]   Shai : wait untill Mon
[14:51]   Sachith : ok. thnx
[14:51]   Shai : positinaally the stock has developed a good base around 464 and will look up
[14:52]   Shai : also news based volumes today based on that acquisition
[14:52]   Rav : it is LBU stock today
[14:52]   Rav : 5% longs added
[14:52]   Shai : ok
[14:52]   Sachith : thnx
[14:54]   Shai : ecb tonight at 7 pm
[14:54]   Shai : 19810 seller on watch again
[14:54]   Shai : Buyers
[15:03]   Shai : Amit, adani power has got volume spiking in last hour
[15:03]   Shai : vol has been higher than ever before in any 60 mins
[15:05]   Rav : NF SC
[15:06]   Shai : 815
[15:08]   Shai : 19904 anomaly tgt
[15:08]   Navaneeth : Shai bro, On average day what would be NIFTY + BNF Volumes total?
[15:08]   Shai : BNF neutral day
[15:08]   Shai : It’s updated on blog every day Navaneeth
[15:09]   Navaneeth : ok
[15:09]   Shai : 19925
[15:10]   Shai : 19970 good close
[15:10]   Shai : Those 105 cmp calls are now 165
[15:10]   r m : that 105-110 20500CE is at 174 🙂
[15:11]   Shai : 🙂
[15:11]   Tejpreet : Great call Shai.
[15:11]   Shai : 810 cross is already 180
[15:11]   Shai : Book NF
[15:12]   Amit J : i got news that it is allocated coal block. not in media yet
[15:12]   Amit J : itc btst
[15:13]   Shai : Yes But Adani Power or Adani ent will benefit?
[15:13]   Rav : 14:40 Rav : max pain at 19800.
[15:14]   Kris : @Shai – that BN buy call – amazing! – I just held on – and 450 points from low!
[15:14]   Shai : 🙂
[15:14]   Shai : anomaly cheers
[15:14]   r m : Hi Kris, there should be some regulation on your profits, Congrats 🙂
[15:15]   Shai : blog BN part : http://screencast.com/t/nLdQGp3RvXdE
[15:16]   Kris : Thanks Rm
[15:17]   Amit J : power
[15:17]   Amit J : power major but adani ent also
[15:19]   Amit J : ashoka 193 high
[15:19]   Shai : ok
[15:19]   Shai : Cheers 🙂
[15:20]   Shai : NF move down close not near 9020
[15:20]   Shai : but somewhere here was last friday close also
[15:20]   Shai : 8995
[15:21]   Shai : ofcourse the 30 min avg will push it down more
[15:21]   Shai : upto 8980 spot + next week and then we see
[15:22]   Shai : NF should test that scene of the crime 9062 min
[15:23]   Shai : selling coming back in NF 8990 F is the big one
[15:24]   Shai : 19948 bnf
[15:25]   Shai : BNF needs to open and stay abv 19880 F Mon
[15:25]   Shai : better if it crosses abv 19970
[15:26]   Shai : NF remains weak below 9020 next week but overhead sellers are there at 9062 and 9104
[15:26]   Shai : brodly range bound market now into next week
[15:27]   Varun : @shai will this last 20 min trade be aspike ?
[15:28]   Shai : yes Varun
[15:28]   Varun : thanks
[15:28]   Shai : though it has retraced fully
[15:28]   Varun : and u mentioned area of least resistance in ur blog
[15:28]   Shai : But the extremes can be used to plaot Intra for Mon
[15:28]   Varun : wht does tht mean
[15:29]   Shai : path ?
[15:29]   Varun : ya
[15:29]   Shai : most likely move
[15:29]   Varun : hw do we detemrnine thar
[15:29]   Varun : tht
[15:30]   Shai : that’s becuse the FA at 19900 got broken and buyers liquidated
[15:30]   Shai : so easier for sellers to move it down
[15:30]   Varun : ok
[15:30]   r m : Thanks and bye folks, Happy Holi and a great weekend 🙂
[15:30]   Shai : Bye all
[15:30]   Varun : these 2 buyers and sellers shld hve met outside mrkt
[15:30]   Varun : wasted brokerage
[15:30]   Shai : Have a nice weekend
[15:30]   r m : 😀
[15:30]   Varun : by happy holi
[15:30]   Tejpreet : Bye All ,Happy Holi.
[15:31]   Varun : bye
[15:32]   Porus : bye all
[15:33]   Sachith : happy holi…bye