OrderFlow Charts and Notes 06/04

[08:47]   Porus : Good Morning RM, Shai
[08:47]   r m : Good Morning folks!
[08:47]   r m : Hi Porus
[08:48]   r m : http://vtrender.com/levels-and-plan-for-6th-april/
[08:48]   r m : http://vtrender.com/weekly-profiles-of-nf-and-bnf/
[08:49]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-010415/
[08:49]   r m : Nifty APR Future levels Key Reference Area 8646 Hypo1 below 8646➜8603➜8563 SL 8668 Hypo2 above 8666➜8692➜8720 SL 8540
[08:49]   r m : Banknifty APR Future levels KRA 18810 Hypo1 below 18810➜18618➜18474 SL 18845 Hypo2 above 18845➜18960➜19050 SL 18790
[08:49]   r m : Nifty Spot Weekly levels Resistance 8643-8672/8796/8912 Support 8541/8470-8487
[08:49]   Shai : GM all
[08:49]   r m : Banknifty Spot Weekly levels Resistance 18810-18868/19376/19456 Support 18492/18200-290/17800-700
[09:09]   RK : GM Shai,RM and friends
[09:09]   r m : Hi RK
[09:10]   r m : China, HKG and Europe closed today
[09:12]   Amit J : gm
[09:12]   Shai : 8630- 8643 spot our big ref line this week
[09:13]   Shai : we will go with 9000 calls of May if this is crossed on good volume
[09:14]   Shai : OTOH if not crossed can mean a test of expiry lows
[09:21]   Shai : Hypo 1 firmly in
[09:22]   Shai : test of 8603
[09:23]   Shai : Sell NF 8625- 8630 sl of 8652 tgt 8606/ 8580/ 8563
[09:24]   Janak : bn?
[09:24]   Shai : 18604 tgt
[09:25]   Janak : sl?
[09:27]   Shai : 18750 rise to be sold into
[09:27]   Shai : can drop big below 18600 which was the poor high of last week
[09:28]   Janak : good call shai – thnx
[09:29]   Janak : 09:24 Shai : 18604 tgt
[09:29]   Janak : i booked at 18604.70
[09:31]   Shai : I’m waiting for the move below 18600 which should fetch 18450
[09:31]   Shai : 18500/ 18450
[09:31]   Janak : where to reenter for that?
[09:32]   Shai : below IB low today safest
[09:32]   Shai : or if ay low breaks now
[09:32]   Amit J : today lot of mkts closed and before policy day so cant be trending.
[09:32]   Shai : NF also can test that 8563 zone
[09:32]   Tejpreet : GM All
[09:33]   Shai : True Amit , but there was an overreaction at the close and we may come back to wed poc or value
[09:33]   Amit J : ok
[09:33]   Shai : post IB should quiten down
[09:34]   Janak : shai if bounce up – selling point?
[09:38]   Janak : 8603 touch is pending
[09:39]   Shai : 8632/ 18697
[09:40]   Amit J : shai sbi any view for buying?
[09:43]   Shai : 270 is a support in sbi but not looking good for a buy yet
[09:44]   Amit J : thks
[09:47]   Janak : shai pl compress bn chart once
[09:47]   Janak : that pink goes upto?
[09:49]   Keshav : morning everyone
[09:52]   Shai : GM Keshav- Welcome back
[09:52]   Shai : 18745 Janak
[09:52]   Janak : ?
[09:52]   Janak : pink
[09:53]   r m : Hi Keshav 🙂
[09:55]   Keshav : hi shai and rm
[09:59]   Shai : Sellers are dominating the open
[10:00]   Shai : I wat to see 8563/ 18470 once today intra and see the OrderFlow there
[10:00]   Shai : But will also see if the morning seller wants to sell after IB is done
[10:01]   Shai : 8606 vah
[10:01]   Shai : if a reaction has to come from buyers it will come there else easy move to 8563
[10:03]   Janak : bn can bounce to 680?
[10:15]   RK : Shai Can you pls check ACC..had a narrow range for a week and now weekly res cleared and driving up since open
[10:21]   Shai : Nce pick RK on ACC
[10:21]   Shai : It’s a drive but we will wait for price to cross IBH now to confirm
[10:21]   Shai : tgt of the move is 1692/ 1735
[10:22]   RK : ok..got in already at 1600
[10:22]   RK : will add if high is clearee then
[10:22]   Shai : cool
[10:22]   Shai : supp at 1580 clear
[10:23]   RK : Yes..thanks for the levels
[10:23]   Shai : could be a quick move also
[10:23]   RK : ok
[10:23]   RK : Yes even this 30 is quick in 30mins or so
[10:27]   Janak : (09:39) Shai :8632/ 18697
[10:27]   Janak : can buy for 697?
[10:30]   Shai : No vwap res
[10:34]   Janak : combine with friday – it is still a bullish market?
[10:38]   Shai : yes abv VAH
[10:41]   Varun : bnf spent time within previous value
[10:42]   Varun : open outside range, unable to sustain is slightly weakish also ?
[10:43]   Janak : 550 sl – 697 tgt shai for long?
[10:45]   Shai : Janak buy abv 650 with vwap sl for 690 but a higer risk trade
[10:46]   Shai : That period of the day when the market can float around vwap
[10:47]   Janak : green of has been for more than 30 min so
[11:07]   Janak : maybe a retest of 8650
[11:08]   Varun : janak green for long period- strength?
[11:08]   Varun : even if price not rising ?
[11:08]   Janak : varun – green is always buy – so as long as it last u can buy all the dips below that of
[11:09]   Varun : hmmm, no i thought u had some experience with the time factor
[11:09]   Janak : yeah more the timeit lasts – more accumulation going on for bigger move
[11:09]   Varun : cool, thanks
[11:10]   Janak : if it remains for another 30 min – u will see 18700 in bn
[11:10]   Varun : probably a fa nifty will be a buy
[11:10]   Janak : that FA above 800 is still reachable?
[11:11]   Varun : probably after 7 days it becomes a strong resisitance also
[11:44]   Amit J : shai how was activity below IB. not visible well.
[11:47]   r m : in NF?
[11:49]   Shai : some stops got taken out in NF below IB
[11:50]   Amit J : yes
[11:53]   Amit J : that low was near vah so can we assume downside protected for time being
[11:54]   Shai : yes possibly
[11:54]   Shai : BNF looking better also now on long side
[12:02]   Shai : Update- No new selling yet : (10:00) Shai :But will also see if the morning seller wants to sell after IB is done
[12:02]   Shai : This is happening : (10:46) Shai :That period of the day when the market can float around vwap
[12:07]   Hussain : shai whats 3-1-3 pattern
[12:09]   Shai : Price rejection at both ends of a profile and formation of bell curve in middle
[12:12]   RK : this is a clear plan (09:27) Shai :18750 rise to be sold into
[12:13]   RK : working sofar
[12:14]   Shai : yes that excess is there
[12:14]   Shai : alog with 18800 as an FA
[12:14]   Shai : It will be imp into tom RBI also
[12:14]   Janak : only bn going down
[12:17]   Hussain : ok thanks
[12:17]   Shai : BNF leader?
[12:21]   Shai : BNF can drop to 18260 spot by tom . sl is 18600 spot. cmp 18480 . Go with 18000 pe
[12:21]   Janak : i think shai bnf doing 19k also has equal chance?
[12:22]   Shai : bullish abv today highs
[12:22]   Janak : one sharp upmove is def. pending
[12:23]   RK : IT is also falling maybe due to poor earnings expectations
[12:25]   Shai : ok Janak- we will heed your advice 🙂
[12:26]   Shai : I also think vwap 18620 should come back again before a final dip in last hour
[12:26]   Shai : will look to place a short in BNF this afternoon if we get higher levels
[12:29]   Shai : small intra play – Buy BNF 18565 sl of 18520 tgt 18614
[12:38]   Janak : the way bn is being sold – 500/450 may come first?
[12:38]   r m : (12:21) Janak :i think shai bnf doing 19k also has equal chance?(12:22) Janak :one sharp upmove is def. pending(12:38) Janak :the way bn is being sold – 500/450 may come first?
[12:38]   Janak : nf is not going anywhere
[12:39]   r m : @Janak, you are confusing BNF 🙂
[12:39]   Janak : yeah all that will come rm but later
[12:39]   Janak : 🙂
[12:39]   r m : now it does not know where to go 🙂
[12:40]   Janak : 19k is for tom rm
[12:41]   r m : ok, you in collusion with RR? 🙂
[12:42]   Janak : the guys who bought mkt from 18250 on fri are still very much in control
[12:42]   r m : yes
[12:42]   Janak : so at the most 500/450
[12:42]   Janak : unless FII turn sellers again
[12:42]   r m : ok
[12:43]   Janak : but today the seller at open in control – selling every rise in bn
[12:44]   Janak : eu opened?
[12:45]   r m : Holiday in Europe
[12:50]   Janak : a move from 580 to 480?
[12:50]   Janak : or upto 615 first
[12:52]   RK : Janak take it to 615 then we all fall down from there to 480 🙂
[12:53]   Janak : shai is already trying for that 🙂
[12:53]   RK : 🙂
[12:56]   Shai : NF is weird here – risk of downside is lesser now at vwap however abv 8635 can run 30 points up to 8665
[12:57]   Janak : but u want to see 8563 once
[13:00]   Janak : i am having a toplevel meeting with rm to grant u that ::
[13:01]   r m : coming to Dehradun?
[13:01]   r m : Last time you came, Uttarakhand almost drowned 🙂
[13:02]   Janak : yeah!
[13:04]   RK : Janak quota done..you can take it anywhere now 🙂
[13:04]   r m : 🙂
[13:04]   Shai : 18614 – (12:29) Shai :small intra play – Buy BNF 18565 sl of 18520 tgt 18614
[13:05]   Janak : gr8 call shai
[13:07]   Shai : don’t short yet
[13:07]   Shai : May jump higher
[13:08]   RK : this 18625 becoming critical for many series now
[13:08]   RK : good pivot
[13:10]   Shai : No big seller in BNF yet at vwap
[13:11]   Shai : lower volume is making it messy to gauge
[13:12]   Shai : See NF dowing a 100000 every 15 mins when it should be around 300000 this hour
[13:16]   Shai : 18610 is a buyer now
[13:19]   Shai : Buy NF 8635 sl of 8615 tgt 8655/ 8662
[13:25]   Shai : NF trying to squeeze out morning seller
[13:42]   Janak : what a call shai!
[13:45]   RK : 8654 out
[13:45]   Janak : bn tgt?
[13:45]   r m : @Janak, that 38950 is your profit booking? )
[13:45]   r m : 🙂
[13:45]   r m : Oh, that was RK 🙂
[13:45]   Janak : 🙂
[13:46]   RK : 🙂
[13:46]   Keshav : 🙂
[13:46]   r m : @Keshav, busy scalping Nifty’s skin?
[13:46]   Janak : can bn do day high?
[13:46]   Keshav : just observing today
[13:47]   r m : ok
[13:47]   Keshav : no trades
[13:48]   Janak : nf/bn both can do day high?
[13:48]   Shai : 18764 poss
[13:48]   Shai : 18800 also sl 18650
[13:49]   RK : they are fading the thought of Sell on Rise..price action since last week
[13:50]   Shai : that 18610 buyer was the 1st but now shorts moving out
[13:50]   Janak : today shai is all over the mkt 🙂
[13:51]   Shai : and the mkt has gone nowhere 🙂
[13:51]   Janak : but shai has gone 400 pts up 🙂
[13:52]   Janak : nf on course to 8700?
[13:53]   Shai : 8648 supp
[13:54]   Janak : 810/845 on?
[13:57]   Shai : 18665 supp – 18800 poss
[13:58]   Varun : @shaio the same prob again
[13:58]   Varun : we had a 98000 odd seller in nf
[13:58]   Varun : nw shpowing 133000 buyer
[13:59]   Shai : Yes Varun – I got an error report – This is correct
[14:01]   Shai : Looks like Move is done for day
[14:01]   Amit J : shai neutral extreme possible?
[14:01]   Shai : Was just 4 ticks below IBL Amit
[14:01]   Shai : Noaml variation day
[14:02]   Shai : But BNF has to cross 18800 for NExt
[14:03]   Amit J : shai in nifty we are at your supply zone of 8643-72
[14:03]   Shai : yes
[14:03]   Kathir : @keshav welcome 🙂
[14:03]   Amit J : and a possible failed auction at high with good seller
[14:04]   Shai : No Hypo 2
[14:04]   Shai : we will let it go in NF
[14:04]   Shai : too risky
[14:04]   Amit J : ok
[14:11]   Janak : Hypo2 above 8666➜8692➜8720 SL 8540
[14:11]   Shai : it’s 8640
[14:12]   Janak : ok
[14:12]   Janak : likely to work?
[14:22]   Shai : No – risky
[14:22]   Janak : triggered twice
[14:23]   Kathir : @AMIT unitech moving up?
[14:24]   Shai : BNF move now done also
[14:26]   Amit J : shai your view on unitech
[14:27]   Amit J : unitech some news expected. very good consolidation at low
[14:28]   Shai : yes a move is on
[14:28]   Shai : may do 18.4
[14:28]   Shai : gas to cross over 18.5 again to meet 21.9 supply
[14:28]   Shai : Has*
[14:36]   Shai : Got into that 18000 pe at 168
[14:36]   Janak : 🙁
[14:37]   Janak : that means bn wont do 18800?
[14:37]   Shai : This is BTST trade
[14:37]   Varun : whts btst?
[14:37]   Shai : but you did say 1 rise would come
[14:38]   Shai : buy today sell tom
[14:38]   Varun : cool
[14:38]   Janak : but if 18800 has to come -u cud have bought there?
[14:39]   Shai : will add there
[14:39]   Janak : bn unable to cross 750
[14:40]   Shai : abv 18870 spot there s a 500 point move
[14:40]   Shai : till then shorts will be confident
[14:41]   r m : Is that the stopfor 18000PE?
[14:42]   Tejpreet : Is cross of 18870 spot the sl for 18000 pe.
[14:42]   Shai : yes
[14:42]   r m : Thanks
[14:43]   Tejpreet : Thanks
[14:43]   Shai : can reverse to a call there and recover the loss
[14:43]   r m : ok
[14:44]   Shai : 25 bps cut is there in the price for tom and we have rallied about a 1000 pints since expiry day
[14:45]   Shai : It’s a contra trade ahead of event
[14:45]   Shai : Full value of trade is if 18300 breaks on spot
[14:46]   Varun : shai will 8608 be a poor low with t tpos
[14:46]   Varun : 4*
[14:46]   Shai : yes
[14:46]   Varun : revisit tmrw 😉
[14:46]   Janak : shai bps cut is bullish?
[14:47]   Shai : Not really Varun as it is VAH and the behavior can be said to be expected
[15:02]   Shai : NF closing at day high but BNF tentative
[15:03]   Shai : 8665 spot
[15:03]   Shai : low volume push up to force shorts out
[15:10]   Amit J : shai if i want to short nifty. should short here or wait for closing
[15:13]   Shai : can short here
[15:13]   Shai : max can go to 8720 by close
[15:24]   Shai : Real estate moving up on that land bill signed by prez?
[15:24]   Amit J : i feel some measure expected in policy
[15:25]   Amit J : on real est
[15:25]   Amit J : not on land bull
[15:26]   r m : land bull? 😀
[15:27]   Shai : 🙂
[15:28]   Janak : bn quite sure that mkt will tank tom?
[15:29]   r m : even if it goes up, first it should make a -200 points swipe on SL of those who dared to go long too early 🙂
[15:30]   Janak : nf is a mystery today
[15:30]   Kathir : thanks and buy all 🙂
[15:30]   r m : Thank and bye folks, have a great evening 🙂
[15:30]   Shai : BNF choosing vwap close
[15:30]   RK : leaving with no clear understanding of what bias am having..too confused positions in hand :))
[15:30]   Shai : Bye all
[15:30]   RK : thanks and bye all..
[15:30]   Tejpreet : Bye All.
[15:30]   Shai : Have a nice evening
[15:31]   Porus : bye all
[15:31]   Kathir : @RK 🙂
[15:31]   RK : 🙂
[15:31]   Keshav : good day everyone