OrderFlow charts and Notes 06/05/15

[08:52]   r m : Good Morning folks!
[08:53]   Porus : GM RM and all
[08:53]   r m : Hi Porus
[08:53]   r m : http://vtrender.com/levels-and-plan-for-6th-may/
[08:53]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-050515/
[08:55]   r m : Nifty MAY Future levels| Key Reference Area 8362| Hypo1 above 8362➜8394➜8424 SL 8330| Hypo2 below 8330➜8304➜8280 SL 8367
[08:55]   r m : Banknifty MAY Future levels| KRA 18635| Hypo1 above 18635➜18709➜18816 SL 18525| Hypo2 below 18493➜18434➜18385 SL 18610
[08:59]   Shai : GM all
[09:07]   Sharad : GM all
[09:09]   RK : Gm all
[09:09]   Ashish : GM all
[09:10]   Sudhakar : gm all
[09:16]   Shai : Open away from POC and weak
[09:17]   Shai : 8304 in focus again
[09:17]   Mahesh : k
[09:21]   Rahul G : shai when get a chance can you check adani enterprise it got rejected from 726-728 area yesterday
[09:23]   Shai : yes that was a prev supply zone
[09:23]   Sumit : GM everyone
[09:23]   Shai : gets weak below 703 now
[09:23]   Rahul G : ok thanks
[09:23]   Mahesh : banknifty getting somewhat buying
[09:24]   Shai : yes BNF has not shown impulsive selling below 18480
[09:25]   Mahesh : yes
[09:29]   RK : Shai next support levels for Asian and BPCL pls
[09:33]   Sharad : Shai Idea levels for buy ?
[09:33]   Shai : Asian 758 supp
[09:33]   Shai : already weak today
[09:36]   Shai : BPCL also driving down to 748 and 736
[09:36]   RK : thanks Shai
[09:36]   Shai : sellers in control below 766 today
[09:36]   RK : fine
[09:37]   Shai : Idea buy better abv 180.3 today
[09:38]   Shai : BNF now driving down
[09:38]   Sharad : ok and what could be target today for Idea ?
[09:39]   Shai : 177.2
[09:39]   Shai : 175
[09:40]   Shai : 8284
[09:41]   Shai : waterfall
[09:41]   Shai : what?
[09:41]   Sharad : what was it ?
[09:42]   Shai : 8200 pe at 130
[09:42]   r m : high is 135
[09:44]   Shai : still in 1st 30 min
[09:44]   Shai : 8230 spot now res
[09:45]   Shai : MOn buyers in panic
[09:45]   Shai : nothing from 8275
[09:46]   Shai : remian short
[09:46]   Mahesh : any news
[09:46]   Shai : 8112 F tgt
[09:50]   Shai : 164 high on the 8200 pe
[09:50]   Shai : do remember mentioning 168 as tgt on that y’day
[09:50]   Shai : 8230 spot res now
[09:51]   Hemant : Shai sir, exited puts, all of them
[09:51]   Hemant : any further downside left?
[09:52]   Shai : yes to 8112 F
[09:52]   Shai : but we look for a bounce to sell now
[09:55]   Amit J : can you plz refresh chart
[10:02]   Dharamveer : In bank nifty chart we can see bars not figures
[10:04]   Amit J : shai any hopes left for bulls in may?
[10:06]   Shai : Amit we have to go down to 8060 spot and see what kind of buyers come there
[10:07]   Hemant : Shai, I remember a trip to 8500 is what you told is pending couple of days back, is it still on/.
[10:07]   Hemant : ?
[10:07]   Shai : No gt curtailed
[10:10]   Dharamveer : Shall we exit the NIfty positional buy
[10:11]   Shai : sl for that is now 8145 F
[10:11]   Shai : we will exit that on a bounce
[10:12]   Dharamveer : ok
[10:18]   Shai : largish IB
[10:19]   Shai : one upmove over next 2 hours
[10:19]   Shai : and then may be a dip down again
[10:19]   Shai : roughly the 8230 spot zone or 8285 F will be used to offload longs
[10:20]   Shai : (09:44) Shai :still in 1st 30 min(09:44) Shai :8230 spot now res
[10:32]   Amit J : but banknifty has broken your weeekly level of 1830-170
[10:34]   Shai : yes BNF selling is more
[10:37]   Hemant : Are we closer to any intraday bottom here Shai?
[10:37]   Shai : Hemant 80% cases the 1st hour will not break for next 2- 3 hours
[10:37]   Shai : but we can swing down i last hour again
[10:37]   Shai : 8160 F IB low
[10:38]   Varun : 170 point ib, lol
[10:38]   Hemant : Got it 🙂
[10:38]   Varun : whn did we lat hve this
[10:38]   Varun : last
[10:38]   Shai : BNF best place to short up is around 18300 F now
[10:39]   Shai : tgt is 18090/ 17885 swing
[10:39]   Shai : Sl fo 18415 F
[10:40]   Shai : Yes Varun decline was too heavy
[10:41]   Shai : 27L avg in each of those 15 mins
[10:41]   Shai : that is 4 times
[10:42]   Varun : ur objective atill 8060 below 8140or more
[10:42]   Shai : spot 8060/ 8112 supp now
[10:43]   Shai : yes if 8060 breaks then no supp till the FA point of 7723
[10:45]   Amit J : shai can this be an algo trade
[10:45]   Shai : yes institutional selling
[10:45]   Shai : that kind of price move on that volume is basket sells
[10:46]   Amit J : no i mean system trade?
[10:46]   Shai : what it does is that the high of the bar beomes a big ref point for future
[10:46]   Sudhakar : Algos
[10:46]   Shai : Ok- Let me check that
[10:50]   RK : 8077 and 17957 are spot levels for weekly break out in camarilla..last week weekly levels were in threat but saved..
[10:54]   Shai : ok
[10:54]   Shai : 8304/ 8294/ 8320 all algos- http://screencast.com/t/Tqef52m6k
[10:56]   Hemant : 8280 too was algo or panic sell?
[10:57]   Shai : that looks like long stops gone
[10:57]   Shai : there is no vol below 18325 and 8276
[10:57]   RK : that must be stops below that 8288 swing low
[10:57]   Shai : yes
[10:58]   RK : I wanted to go long there today morning If we had a low but got a quite deep low 🙂
[10:58]   Shai : that’s why one theory says we will visist that “gap” zone and hence I mentioned that 8285 F is place to cover longs
[10:58]   Hemant : With new buying the stop must be placed deeper?
[10:58]   Shai : 8140F
[10:59]   Hemant : Got it
[11:04]   Varun : shai a poor low today also
[11:04]   Varun : and at 8140 also
[11:04]   Varun : both should be repaired
[11:04]   Shai : yes Varun
[11:04]   Varun : means otf nt interested in a rally
[11:04]   Shai : the longer profile does not suggest lows in place for a swing
[11:05]   Varun : its only dtf
[11:05]   Shai : yes shortcovering move
[11:05]   Varun : pushing it up
[11:06]   Hemant : Varun, Shai what does DTF stand for?
[11:07]   r m : day time frame
[11:07]   Hemant : Ty RM
[11:08]   r m : welcome
[11:15]   Shai : System has gone sell in both NF and BNF now
[11:15]   Shai : positional
[11:15]   Dharamveer : shall we liquidate the calls and buy fresh puts or wait for entry
[11:16]   RK : except some MVG based, rest all trend following systems must turn to SELL today..
[11:16]   RK : *moving Avg
[11:17]   Shai : Dharamveer we have to liquidate longs – However position size shorts 25% here and we will add up on bounces
[11:18]   Shai : 8060 spot looks inevitable now
[11:18]   Shai : we take it from there later
[11:44]   Varun : shai whts ib low
[11:46]   r m : 8160 here
[11:47]   Varun : see second chart. 15 min fp
[11:47]   r m : and 18035
[11:48]   Varun : it mentions ibl as 8170
[11:49]   r m : ok
[11:52]   Shai : that is yesterday IBL
[11:52]   Varun : sir ystrday 8170 ?
[11:52]   Shai : sorry Ignore that
[11:52]   Shai : it should meantion y’day but it is an error
[11:56]   Shai : y’day IBL 8338- can’t find a reason for that 1 – will look at close
[11:56]   Varun : sir some prob
[11:57]   Varun : even profle showed 8168 as 2nd period low
[11:57]   Varun : 8160 low is shown only in h profile
[11:58]   Shai : yes there are 2 of 0 ticks below 8169 which profile and FP will not accept
[11:58]   Shai : 8169 IB low text book
[11:59]   Shai : BNF weakening
[11:59]   Shai : 17791 objective
[12:20]   Shai : High Risk long : BUy NF 8160 sl of 8138 tgt 8190 F
[12:21]   Shai : looking for a pull back high to 8190 maybe 8225 in next 1.5 hours
[12:28]   Shai : once that happens trend resumes down for last hour
[12:29]   Shai : can avoid the trade is you like
[12:33]   Shai : put sl at 8131 for the longs- 8136 is expiry day low and only intra supp
[12:35]   Shai : gone
[12:35]   Hemant : What now?
[12:35]   Shai : again set of 0
[12:35]   Shai : stay short
[12:35]   Shai : No point going long
[12:35]   Shai : we will sell the bounce now
[12:35]   Hemant : Got it
[12:36]   Shai : again some sl triggers
[12:42]   Hemant : 8190 NF still on for a quick move or that is ruled out ?
[12:42]   Shai : not yet rules out
[12:43]   Shai : can still come
[12:43]   Shai : rumors floating in the mkt creating panic
[12:43]   Porus : what tyoe of rumours?
[12:43]   Shai : some say aberdeen which got the ciurt order y’day selling
[12:43]   Shai : some say a british bank exited this morning
[12:44]   Shai : can’t know for sure
[12:44]   Porus : eixted the country?
[12:44]   Shai : But what we do know is that today’s high will reamin for some time
[12:44]   Shai : and sell on rise mkt continues
[12:44]   Shai : Yes Porus fedup and leaving
[12:45]   Shai : Can you be taxed retrospectively if you close all India Operations n leave?
[12:45]   Porus : yes
[12:46]   Shai : even if business closed legally?
[12:46]   Shai : I mean after all audits etc
[12:46]   Porus : returns can be reopened within 7 years
[12:46]   Porus : winding down and exit will take years
[12:47]   Shai : true but what if yu manage and just shur shop and have n location to trace , then what?
[12:47]   Shai : 8126 is a stuck seller
[12:48]   Porus : legally you are liable. But who will the govt recover from? There is a provisio for ‘representative assessee’.
[12:49]   Porus : but if you run away then you will be a fugutive. so not practical.
[12:50]   Shai : right
[12:50]   Shai : there has to be a rep here
[12:51]   Shai : can’t trust those aberdeen rumors
[12:51]   Porus : RBS tried to sell its retail busiess a few years ago but RBI stymied it then. MAybe they are the ones.
[12:51]   Shai : ok
[12:52]   Porus : But dosnt reflect on india.
[12:52]   r m : at every downturn such stories are highlighted all over 🙂
[12:53]   r m : very handy for causing panic!
[13:16]   Shai : No big bounce
[13:16]   Shai : this was the best period for a bounce
[13:16]   Shai : 12.15- 1.45
[13:16]   Shai : day trending down firmly
[13:17]   Porus : rm, do you have MO including todays A/D?
[13:18]   r m : let me check
[13:18]   Shai : was looking at 8000 pe
[13:18]   r m : adv/dec at the moment is 166/1322
[13:18]   Shai : price down tgt of 108 based on profile has been met for next few sessions
[13:19]   Shai : I am not sure whether to expect more on that PE next few days
[13:19]   r m : MO at -19
[13:19]   Porus : thanks
[13:20]   r m : welcome
[13:22]   Porus : shai, does that mean that nifty fall is arrested?
[13:24]   Shai : close can still be down based on profile but no need to be excessive short at close
[13:24]   Shai : we should get a rise to short again
[13:25]   Shai : vol of 15.65 for a low of 8118 is god on day + next 2-3 sessions
[13:25]   Shai : good*
[13:32]   Hemant : Shai 8060 NF or spot target stands?
[13:37]   Shai : 8060 spot later after a bounce
[13:39]   Hemant : Great, will add to positions once NF is at 8190
[13:40]   Shai : the bounce
[13:44]   Hemant : Shai pls remove the chart tools menu on NF chart, cant see levels
[13:44]   Shai : sellers coming in this mini upmove
[13:46]   Shai : If looking to scale in that 8200 pe again look for 132 price and buy with sl of 102 tgt 216
[13:46]   Shai : 176 now
[13:46]   Shai : best risk reward at 132
[13:47]   Shai : some 1 keep an alert in system at 132
[13:49]   Sudhakar : done shai
[13:54]   Porus : what happens in the market if gst is passed today?
[13:56]   Amit J : no panic in put writers yet
[13:56]   Shai : if the mkt thought it was done or even a good thing it wouldn’t have fallen so much
[13:57]   Amit J : gst cleared in lok sabha
[13:59]   Shai : that was never in doubt 🙂
[13:59]   Porus : why is the market unhappy?
[14:00]   r m : market wants to go down 🙂
[14:00]   r m : it can always find reasons to do so
[14:01]   r m : there was absolutely no logic for it to go to 9000 in first place 😀
[14:01]   RK : digging reaon for market mood is like trying to understand spouse mood by looking at face..quite difficult even after many years 🙂
[14:01]   r m : lol
[14:02]   r m : market’s husbands are TV analysts 😀
[14:02]   RK : always got into trap by spilling the beans 🙂
[14:03]   Vivek K : rk, this is a quote to be pinned
[14:03]   Vivek K : made my day
[14:03]   RK : seems intra shorts are covering. across all scrips
[14:03]   RK : Vivek 🙂
[14:03]   r m : lol
[14:04]   r m : pin it where your spouse can’t see 🙂
[14:04]   RK : RM :))
[14:13]   Shai : prem shrinks to 20
[14:13]   Shai : greens would be short covering
[14:15]   Vivek K : lots of spikes, looks liek spouse working overtime
[14:17]   Porus : vix at 19.75
[14:17]   Hemant : Fresh sellling?
[14:23]   Shai : yes
[14:23]   Shai : can drp to 8112 again sl of 8190
[14:27]   Shai : Sell NF here 8155 sl of 8190 tgt 8112
[14:27]   Shai : last hour sell and close of lows
[14:28]   Shai : we got that 12.15 to 1.45 bounce but only uptp 8183
[14:29]   Shai : (12:21) Shai :looking for a pull back high to 8190 maybe 8225 in next 1.5 hours. (12:28) Shai :once that happens trend resumes down for last hour
[14:30]   Shai : plan was to get 8112 by close but mkts gave a sharp dip at 12.30 which took out stops
[14:32]   Shai : BNF is clearer – biigger sellers
[14:32]   Shai : short every rise to 18100 from heron
[14:32]   Shai : 18100 spot
[14:33]   Shai : 17885 last week low goes- (10:39) Shai :tgt is 18090/ 17885 swing
[14:34]   Shai : 17791 nxt to book the shorts we took earlier today- (11:59) Shai :17791 objective
[14:35]   Ashish : Shai, buyers in BN at last week low?
[14:35]   Shai : yes shorts booking
[14:36]   Ashish : Thanks
[14:36]   Dharamveer : wher can we book BN as given 17791
[14:36]   Shai : yes
[14:36]   Shai : 17632 is the tgt of the move but we will take some off at 17791 tom
[14:37]   Hemant : What about NF Shai sir?
[14:37]   Hemant : Whats beyond 8112?
[14:38]   Shai : NF will update
[14:38]   Hemant : Ok, great 🙂
[14:38]   Shai : I want to see a bounce in NF first and it is not come about
[14:39]   Shai : some price objectives are met and suggest shortcovering to start in NF tom
[14:39]   Shai : But if sellers load volumes below 8110 tom then 8000 immedaitely
[14:45]   Varun : rm whts mo now
[14:46]   r m : 189/1300, should not change much
[14:47]   Varun : #hearrtbreakforbulls
[14:48]   r m : last year bears lost their intestines too besides heart 🙂
[14:48]   Shai : 🙂
[14:48]   r m : MO -18
[14:48]   Varun : nut nuying puts at 80 always gave ,money
[14:48]   Varun : ji had a good /bad trade
[14:48]   Varun : bought 8700 june put at 92. sold at 400
[14:48]   Varun : today around600
[14:49]   Varun : when mo touched this time
[14:49]   Varun : 80
[14:49]   r m : at least the guy who bought from you also got rich 🙂
[14:49]   Varun : he exited at 250 😉
[14:49]   r m : 😀
[14:50]   Varun : probably buyin itm next month call/put at mo above/below 70 is a high probability good trade
[14:51]   r m : yes
[14:51]   Varun : thought u will tell me -40 today
[14:51]   Varun : and then objective of 8060 will give -65
[14:51]   Varun : heartbreak man
[14:51]   r m : it was plus 20 yesterday can’t go down that fast
[14:52]   r m : it is a moving average, lazy things unlike value areas 🙂
[14:52]   Varun : who knows we get a big thump tmrw also
[14:52]   Varun : normally falls/rise play out like 3 days
[14:52]   Varun : lets see
[14:52]   RK : atleast 2 days
[14:53]   Varun : ya 3rd day is like accummalation/distributuion
[14:56]   Varun : @shai big tail 100 points at open, wont be easy to cross ?
[14:57]   Varun : last time i noted such a big tail, took 3-4 efforts and grinding for lot of days
[15:01]   Hemant : Varun, buying tail or selling tail?
[15:02]   Shai : yes Varun
[15:02]   Varun : selling tail
[15:02]   Shai : 8400 ce write away
[15:02]   Varun : 8340-8230
[15:03]   Varun : every rise
[15:03]   Varun : shld be sold
[15:03]   Shai : 50/-
[15:03]   Varun : excellent trade @shai
[15:03]   Varun : and probably cover when mo touches -60/80
[15:03]   Shai : yes
[15:04]   Shai : 8122
[15:05]   Shai : book – (14:27) Shai :Sell NF here 8155 sl of 8190 tgt 8112
[15:06]   Shai : little touchy that 8112 🙂
[15:08]   Shai : try not to be excessive short overnight here
[15:08]   Shai : view is still a short one but I think a bounce is due
[15:11]   Shai : this next 2 day we will sell all bounces to 8190 and to 8230 spot above
[15:11]   Dharamveer : where is the down side till
[15:11]   Shai : 8230 spot should be important next week also
[15:12]   Shai : 8060 spot re-assess zone
[15:12]   Shai : short is better higher than here
[15:12]   Shai : *new shorts**
[15:18]   Shai : last hour sell played out per profile 8185 to 8112
[15:19]   Shai : plan now is to expect 8190 or even 8250 F if this low holds in the IB tomorrow
[15:29]   Hemant : Any positions to carry?
[15:30]   Shai : carty a CE is yu can – small qty with sl below 8100 at tom open
[15:30]   Shai : else stay away
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : Open should give us time
[15:30]   Shai : Bye all
[15:30]   RK : bye all
[15:30]   Shai : Have a nice evening
[15:30]   Ashish : Bye all
[15:31]   Hemant : Done Sir 🙂
[15:31]   Porus : bye all
[15:31]   Sudhakar : Bye all