OrderFlow charts and Notes 05/09/14

[09:02]   Shai : GM all
[09:03]   Shai : http://vtrender.com/levels-and-plan-for-5th-sept/
[09:04]   Sharad : GM all
[09:10]   Shai : Neutral extreme day in NF yesterday
[09:10]   Shai : We need a followup move at open to continue the late afternoon swing up
[09:11]   Shai : support at 8110 today
[09:11]   r m : Good Morning folks!
[09:11]   Shai : Tgts can be 8174/8193 abv 8140
[09:13]   Sumit : gm Shai, Sharad, rm
[09:14]   r m : Hi Sumit
[09:19]   Sumit : Shai, can you please adjust the candle size in bnf.
[09:21]   Sumit : this is good. thanks
[09:21]   Shai : better?
[09:21]   Shai : great
[09:21]   Sumit : ya
[09:21]   Shai : BNF
[09:27]   Shai : Buy BNF 16150- 16155 sl 16115 tgt 16200/ 16250
[09:29]   Shai : NF abv 8140 now
[09:36]   Shai : 16185 is the early morning seller
[09:36]   Shai : BNf is good to go to test supply at 16240-16250 once he is overcome
[09:37]   Shai : since it is a friday close focus of the market is to test the supply in NF that is at 8173 and BNF of 15240/50
[09:43]   Dr Bansal null : Shai,booked yesterday NF 8100.Bought Bnf 16033 positional.sl 15950.
[09:44]   Shai : ok good sl
[09:45]   Shai : you may want to add if we cross 16255 today in F
[10:03]   Shai : auction trying to settle above yesterday’s highs in both NF and BNF
[10:15]   Shai : NF has slipped below vwap
[10:16]   Shai : perfectly sideways now after what looked like a drive
[10:17]   Shai : premium down to 26 after starting the week at 36
[10:30]   Shai : JP low is 32.30 now 33.80
[10:30]   r m : Kathir made a good entry yesterday at 39
[10:31]   Shai : volumes are very big today too
[10:32]   Shai : Modi wave took it from 50 to 85 but does not look like it will see 85 again
[10:34]   Shai : There’s a lot of talk about JP not paying salaries, bank defaulats etc- reminds me of KFA 🙂
[10:34]   Shai : *defaults
[10:35]   r m : their entry in Formula1 also suggested of Vijay Mallya like approach
[10:35]   Shai : Let’s continue to hold BNF with sl of 16104
[10:35]   Chiranthan : Modify SL?
[10:36]   Shai : yes
[10:36]   Shai : just to make it safer though it may not be needed
[10:36]   Chiranthan : ok
[10:44]   Shai : Yesterday’s F OI- http://screencast.com/t/AaIk8FIHs9
[10:44]   Shai : chart from RM
[10:45]   Amit J : but this was compensated by huge cash buying
[10:45]   Shai : yes
[10:45]   Shai : what is interesting is that the entire OI in Nifty is wiped clean by Fii’s
[10:45]   r m : yesterday both FII and Client category reduced exposure probably due to event risk
[10:46]   Shai : but BNF is still holding all the long contracts
[10:46]   r m : @Amit, strategy – buy cash – short future and play with CE/PE spreads 🙂
[10:48]   Shai : Aug cash buy was 2684 Cr alreadt sept cash is at 4214 Cr buys
[10:49]   Shai : Last sept cash buys was 11304 by Fii’s – just a note
[10:50]   Shai : Rm they are sitting pretty in cash
[10:50]   r m : yes
[10:51]   Shai : March buys at 25393 Cr
[10:51]   Shai : pre Modi
[10:51]   r m : i think cash buy is investment while others are cash making ventures aided by their cash holdings
[10:51]   Shai : last 2 months have moved away from futures
[10:51]   Shai : index F that is
[10:53]   Shai : BNF needs more buyers
[10:53]   Shai : 16101- 16105 is the morning buyer
[10:54]   Shai : already below vwap
[10:54]   Shai : and under pressure
[10:54]   r m : their exposure in FnO is regulated to the extent of their holdings in Cash, so they keep making merry in options and futures while holding cash
[10:54]   Shai : yes options is big money
[10:56]   Shai : every series they ramp up all options plays to 10,00,000 contracts and reduce 70% and more on expiry day
[10:56]   Shai : most of it would be worthless
[10:58]   r m : yes, guess they write all strikes 🙂
[10:59]   r m : but client category is not much behind in writing options
[10:59]   Shai : all HNI money
[10:59]   r m : yes
[10:59]   Shai : else our brokerages would have been history
[11:00]   r m : lol
[11:00]   r m : fight at vwap
[11:10]   Chiranthan : BNF SL bhit
[11:10]   Chiranthan : hit
[11:11]   Sharad : yes SL hit
[11:11]   Shai : BNf stop taken- pls exit longs
[11:17]   Dr Bansal null : shai,support in bnf at ?
[11:22]   Shai : 16060 2nd supp now that 16105 is broken
[11:28]   Narendra : nifty at 2IB 5097. what does that mean
[11:31]   Shai : NF went through the 80% like a hot knife through butter
[11:31]   Shai : even BNF
[11:32]   Shai : Narendra just a ref level that NF has done 2 times the first hour range
[11:39]   r m : large volume at 16020
[11:43]   Shai : time for yesterday’s buyers to show up in NF
[11:46]   Shai : 8072 supp now in NF below 8110
[11:47]   Shai : buyers are trying to come back in Nfa nd BNf
[11:47]   Shai : BNf struggled to go down below 16100 yesterday and today did 15980 in minutes
[11:53]   Shai : NF has to revisit 8120 from here -8094
[11:54]   Shai : prefer to buy NF closer to 8080-85 so that stl can be manged better at 8069
[11:55]   Shai : tgt would be 8120
[11:55]   Shai : BNF can do 16082 again
[12:05]   Dr Bansal null : bnf can hit 15950.
[12:07]   Shai : yes big supp in that zone 15950- 15980
[12:08]   Shai : 16082 on val cross 16027
[12:08]   Dr Bansal null : shai,buyers in bnf at 2ib?
[12:13]   Shai : not big enough yet
[12:19]   Dr Bansal null : shai,J is buyer in bnf?
[12:31]   Narendra : still buy is on in nifty around 8080-8085
[12:31]   Narendra : we have done 8110
[12:40]   Shai : No let’s re-look that 1
[13:00]   Kathir : HI Shai RM ge and all 🙂
[13:00]   Kathir : thank to amit and shai for introducing mr JP 🙂
[13:02]   r m : Hi Kathir
[13:02]   r m : The way JP fell, I won’t be surprised if you end up owning it )
[13:02]   r m : 🙂
[13:03]   r m : we remembered your trade this morning 🙂
[13:04]   r m : (10:30) Shai :JP low is 32.30 now 33.80(10:30) r m:Kathir made a good entry yesterday at 39(10:31) Shai :volumes are very big today too(10:32) Shai :Modi wave took it from 50 to 85 but does not look like it will see 85 again(10:34) Shai :There’s a lot of talk about JP not paying salaries, bank defaulats etc- reminds me of KFA 🙂
[13:13]   Shai : Lots of Buyers came in Nf per proferflow at 8085
[13:13]   Shai : they will be disapoointed if NF does not coss ref lines at 8110
[13:14]   Shai : weekly close now is looking at 8105 after an aborted auction above 8140
[13:24]   Kathir : @RM ge yeah kept the pe for today because it closed in profit..bokked today 🙂
[13:24]   Shai : https://www.dropbox.com/s/58w15brk2qh1f29/sept_nf%201.png?dl=0
[13:26]   Shai : Keep a Buy abv 8123, sl 8109, tgt 8143
[13:26]   Shai : That seller is not very strong as per that OrderFlow chart
[13:27]   Shai : missed entry by 2 points- (11:54) Shai :prefer to buy NF closer to 8080-85 so that stl can be manged better at 8069
[13:33]   Shai : Sellers are comiing back
[13:36]   Narendra : sbi very strong today
[14:07]   Shai : 8092 on the spot is important close for today
[14:08]   Shai : +/- 10 should stay away from there
[14:23]   Shai : BNF wioll close weak below 16110
[14:25]   Shai : Looks more and more that BNF will be in a 15900- 16500 kind of range this series
[14:26]   Shai : big trouble if it breaks 15812
[14:28]   Sharad : Shai.. can not trade very good in 3 days as market is very rangebound
[14:29]   Sharad : but still i want to continue for 1-3 months so send me link and price for payment…
[14:30]   Shai : ok Sharad. will send after close
[14:30]   Sharad : ok
[14:31]   Sharad : but now i am inclined to trade more on pink green line… right now shorted at 15052 at pink line
[14:31]   Sharad : will buy when it becomes green
[14:32]   Shai : yes that is a good one
[14:32]   Sharad : yes seems good ..
[14:33]   Shai : watch the top pane also when you take a new position
[14:33]   Sharad : yes watching ..and mostly red bars
[14:34]   Sharad : red higher then blue with pink line started
[14:34]   Sharad : wow almost gaind 90 points
[14:35]   Sharad : coverd 50%
[14:37]   Shai : a flow of higher pinks over blue would mean more aggressive sellers
[14:38]   Sharad : blues are higher then pink bars now..
[14:38]   Sharad : covered fully
[14:38]   Shai : covering of shorts
[14:39]   Sharad : still got 65 points on shorts..Thanks shai .. fot this great system
[14:39]   Shai : welcome 🙂
[14:39]   r m : Good trade Sharad 🙂
[14:39]   Sharad : yeah firest in 3 days….
[14:40]   r m : yeah, last few days have been tiresome
[14:40]   Sharad : really
[14:41]   Shai : NF close at 8105 looks done for the week
[14:41]   Shai : BNF not clear what it wants
[14:41]   Sharad : shai can you check RCOM want to buy for a month
[14:41]   Shai : sure
[14:44]   Shai : Rcom looks ready for a bounce but I prefer to buy it over 111 next week
[14:45]   Sharad : Thanks… some insider news 30 to 50% rise in one month….
[14:45]   Shai : tgt could be 123/ 135 based on chart
[14:45]   Shai : 123 res
[14:45]   Sharad : small lot of 2000 only … Thanks will surely buy above 111
[14:46]   Kathir : 🙂
[14:46]   r m : @Kathir, stock news are sure to wake you up from deep slumber 🙂
[14:46]   Kathir : @RM so we have got a stock for next week trade RCOM
[14:46]   Kathir : 🙂
[14:46]   Sharad : yes Kathir…
[14:47]   Kathir : thanks sharad for the info
[14:48]   r m : rcom is another mcdowell, can give multiple returns overnight – or better still intaday, who knows what will happen to it overnight 😀
[14:49]   Sharad : true R M
[14:50]   Kathir : @RM i remember a year back on a setlnt day rcom ce low was 5 paise and closed @ 2
[14:51]   Kathir : i thinkk it was 110 ce
[14:52]   Kathir : @Shai rcom 111 is it sep fut?
[14:53]   Shai : No cash
[14:53]   Kathir : ok thanks
[14:54]   Sharad : cash is 0.50 below future… so buy future above 111.5
[14:55]   Kathir : @Sharad not like that i guess if it goeas above 111 now we can buy
[14:55]   Sharad : 2 pm high of future is 111.35
[14:56]   Shai : If you want to trade any ADAG well then choota ambani should stay away from news good or bad
[14:57]   Kathir : 🙂
[14:59]   Sharad : BNF green again but time is less..
[14:59]   Shai : BNF may just be able to close at 16100
[14:59]   Shai : 16082 rather
[14:59]   Shai : fair weekly close for it there
[15:00]   r m : 80 points up from here?
[15:00]   r m : 60
[15:01]   Shai : yes
[15:01]   r m : thanks
[15:10]   Kathir : RCOM above 111
[15:10]   Sharad : SL hit bot RCOm at 111.55
[15:11]   Sharad : yes kathir i kept buying SL got filled
[15:12]   Shai : Kotak bank showing big jump in vols
[15:16]   Shai : 16060
[15:16]   Shai : vwap
[15:16]   Sumit : just logged back in.
[15:16]   r m : yes
[15:16]   Sumit : hi kathir
[15:16]   Kathir : hi sumit
[15:17]   Sumit : Sharad, I m also trading green pink. you will do good 🙂
[15:18]   Kathir : @Shai shall i buy kotakbank for mon
[15:18]   Sharad : yyyyes ….thanks Sumit
[15:18]   Shai : Kathir speculation
[15:18]   Sharad : today is balle balle … all guns firing rcom 112.5
[15:18]   Kathir : ok shai
[15:21]   r m : 16080, thanks Shai 🙂
[15:21]   Sharad : wow BNF gone at 16080
[15:21]   Sharad : thanksssss
[15:22]   Shai : :)- weekly players want only close- (14:59) Shai :BNF may just be able to close at 16100
[15:23]   Shai : NF over 8105
[15:23]   Shai : and spot at 8090 – not what we wanted
[15:24]   Shai : (14:07) Shai :8092 on the spot is important close for today
[15:24]   Shai : wanted it to stay away actually from there
[15:24]   Shai : Pleasure Rm, Sharad 🙂
[15:30]   r m : Thanks and bye folks, have a great weekend 🙂
[15:30]   Kathir : thanks and bye all have a nice weekend all 🙂
[15:30]   Shai : Bye all
[15:30]   Shai : Happy weekend
[15:31]   Sumit : good bye everyone
[15:34]   Sharad : Bye all