OrderFlow charts and Notes 08/12

[08:52]   Sharad : GM
[08:56]   r m : Good Morning folks!
[08:57]   r m : http://vtrender.com/levels-and-plan-for-8th-dec/
[08:57]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-0512/
[08:57]   r m : NF Hypo1 above 8612➜8634➜8660 SL 8586 Hypo2 below 8585➜8567➜8540 SL 8607DEC Future levels
[08:57]   Porus : GM all
[08:58]   r m : BNF Hypo1 above 18770➜18860➜18930 SL18720 Hypo2 below 18720➜18630 SL18775 DEC Future levels
[09:07]   Shai : Gm all
[09:16]   Shai : 8600 ce overnight call hold with sl of 8549
[09:16]   Shai : NF and BNF were in a spike on friday
[09:17]   Shai : abv pdl of 8568 can move to val of 8594
[09:23]   Shai : sentiment weakish at the open
[09:23]   Shai : news trickling in of israeli jets attacking areas near damscus airport
[09:24]   Shai : last week’s range was well defined belween 8540- 8660 with most of the auction in 8560- 8620 zone
[09:25]   Shai : vwap of that consoidation was at 8588
[09:25]   Shai : weekly value area at 8556- 8575- 8609
[09:26]   Shai : sometimes when the market is as quite as it is now, it helps to step back and look at weekly values to monitor change
[09:27]   Shai : NF back in the spike
[09:27]   Shai : per rule it should travel to the high of the spike at 8598 and 8612
[09:48]   Porus : Shai, what are st levels of Coal India?
[09:51]   Shai : coal india hitting ST red at 364- 365.5
[09:51]   Shai : watch this zone as a move above is a break twowards 402
[09:52]   Shai : pref closing abv 365.5
[09:52]   Shai : supp this week at 357
[09:52]   Shai : vwap flattened in NF
[09:53]   Shai : dpoc along with vwap
[09:53]   Shai : opening hour volumes under 12L
[09:53]   Shai : so locals at play
[10:02]   Ravi V P : 8500pe :4 lacs added
[10:12]   Shai : option writers will make merry
[10:13]   Shai : straddles written last week
[10:13]   Shai : straddles are the easiest to write under the circumstances but hardest to manage
[10:14]   Shai : profits take days to build often weeks but can vanish in minutes
[10:14]   Sharad : Straddle means Shai CE + PE both right?
[10:14]   Shai : yes
[10:15]   Shai : at ATM or NTM strikes
[10:15]   Sharad : so they think there will be no volatility
[10:15]   Shai : yes vix is 12
[10:15]   Sharad : ok
[10:15]   Assortz : staddles are true “pain” “killers” 🙂
[10:15]   Shai : also another way of saying it will stay within a small range
[10:16]   Assortz : *straddles
[10:45]   Sharad : I think we are doing time correction of rise from 7751 of 17th october
[10:53]   Shai : yes
[10:54]   Shai : price correction not happening as seller is weak
[10:56]   Sharad : so six week up and including last week and currunt week down..
[10:59]   Ravi V P : http://www.screencast.com/users/Ravicbe/folders/Default/media/cff19764-1035-404d-bf14-0fd9d20b5565
[11:00]   Ravi V P : WRITTEN 8600CE IS PUSHING DOWN NF
[11:00]   Ravi V P : Soory for caps
[11:11]   Janak : break of vwap will bring hypo 2 in pic shai?
[11:11]   Janak : 720—620
[11:18]   Porus : Coal india move started.
[11:20]   Janak : bn delta inching up
[11:48]   Shai : Janak bias point is 18877 for shorts/ longs in BNF
[11:48]   Shai : yesaterday vwap
[11:58]   Ravi V P : 8600ce writing increased
[12:07]   Porus : Shai, ST levels for INFY?
[12:23]   Shai : cash?
[12:23]   Porus : yes
[12:26]   Shai : sudden 20 point drop in NF
[12:26]   Assortz : 02 dec FA NF cleared..but BNF is still at another extreme
[12:28]   Shai : Porus just loading data for infy- taking time will update
[12:29]   Shai : yes below FA point f 8540
[12:30]   Shai : No 9540- 60 zone res
[12:30]   Shai : 8540-60*
[12:30]   Assortz : 8516-8492 bracket here
[12:30]   Shai : 8476 spot on watch
[12:31]   Shai : 18618 BN spot ref line
[12:32]   Assortz : sudden drop didnt allow to enter..is it advisable to enter positional short on the rise to 8540 with SL of 8568?
[12:36]   Assortz : BNF hypo 2 triggered comfortably
[12:45]   Shai : Yes positional shorts come into play on rise
[12:47]   Ravi V P : shai… shorted friday at 8604 and covered at 8510
[12:48]   Shai : dip buyers entering 8510
[12:48]   Ravi V P : 10:59 Ravi V: http://www.screencast.com/users/Ravicbe/folders/Default/media/cff19764-1035-404d-bf14-0fd9d20b5565
[12:48]   Shai : Good trade Ravi
[12:48]   Ravi V P : This is my chart alonwith fp
[12:49]   Ravi V P : your fp works good
[12:50]   Shai : 8538 visit may come
[12:50]   Shai : 8517 now
[12:50]   Shai : 18634 in BNF
[12:51]   Ravi V P : still 8600ce writing is on
[12:51]   Shai : onjective of the move below 8540 F is 8478/ 65
[12:56]   Shai : vwap expanding on the move down from 8540
[12:57]   Shai : suggestive of longs in trouble
[13:00]   Shai : 18510/ 18400 are the objectives if 18600 breaks
[13:00]   Shai : sl of 18701 then
[13:09]   Ravi V P : 8400 40.45 15.3 336300 5449025 334447 UP UP Long Buildup 4.070157428450 56.5 20.45 68975 391625 28639 UP UP Long Buildup 3.2992839098500 76.8 27.3 179900 5755700 440308 UP UP Long Buildup 1.111927864
[13:09]   Ravi V P : 8400 40.45 15.3 336300 5449025 334447 UP UP Long Buildup 4.070157428450 56.5 20.45 68975 391625 28639 UP UP Long Buildup 3.2992839098500 76.8 27.3 179900 5755700 440308 UP UP Long Buildup 1.111927864
[13:10]   Ravi V P : 8400-8433 spot is strong support as per option table
[13:14]   Shai : yes agree with the 8399 spot level below 8476 spot
[13:14]   Shai : prefer a bounce to short full qty than here
[13:14]   Shai : peferable 8530- 40 so risk can be managed better
[13:15]   Janak : can be a 3ib day shai?
[13:18]   Shai : yes 8472 is 3I
[13:18]   Shai : On another scale – (12:51) Shai :onjective of the move below 8540 F is 8478/ 65
[13:21]   Janak : trednd day down
[13:23]   Janak : 3ib is below day low 582
[13:23]   Janak : so another 50+ pts from here can be alost sure?
[13:23]   Janak : in bn
[13:23]   Janak : almost
[13:24]   r m : 3IB should be 18569 in BNF, almost done already
[13:25]   Janak : almost is not a word in bn dictionary;
[13:25]   r m : lol
[13:25]   r m : bnf must have fought in napolean’s army 🙂
[13:26]   Janak : queen hei bhai – must have made kings fought for her ;
[13:26]   r m : 🙂
[13:26]   Janak : nf is in diff world with +ve delta
[13:27]   r m : nf delta is positive since last week i think
[13:27]   Assortz : still figuring out what kind of filter would work with BNf..can’t come to any conclusion after trying many 🙂
[13:27]   Janak : assortz if u follow shai’s hypos and instructions here – u wont need any filter trust me
[13:28]   Janak : below 720 was 620 – look whre is bn now
[13:28]   Janak : he mentioned 510/400 also somewhere i guess
[13:28]   r m : @Janak, yeah, today BNF did Hypo1 target 1 first then hypo2 🙂
[13:28]   r m : NF has done both targets
[13:28]   Janak : (13:00) Shai :18510/ 18400 are the objectives if 18600 breaks
[13:29]   Janak : yeah rm – ye to shai ka kamaal hei
[13:29]   Janak : also 8491 revisit looks on?
[13:29]   Janak : another small obs. in BN options
[13:30]   Janak : 600 pe has done 290+ – in such cases the option completes the nearest round figure in most cases
[13:30]   Janak : i.e. 600 pe will do 300+ most prob. so bn has to go down
[13:30]   Janak : again
[13:30]   Assortz : @Janak..yes thats absoutely right and following it..am talking about positional entries with BNF on these kind of days 🙂
[13:32]   Janak : 600 pe around 265 here – lets c if it does another 35 more
[13:32]   Ravi V P : bnf has 18000 and 19000 PE:CE OI ALMOST NECK TO NECK Hence SPOT OF 18500 is INITIAL SUPPORT and then 18250
[13:34]   Ravi V P : today 18300pe is written and 19200 ce is written equally
[13:37]   Ravi V P : 18500 bnf is certain it seems
[13:40]   Shai : @ Porus for some reason I am not getting miunte data on Infy today
[13:40]   Shai : here are the short term levels bsed on closing prices
[13:41]   Shai : on current volumes Infy is headed for 1813 level from here 1974
[13:41]   Shai : 2107 and 2185 are daily closing resistances
[13:41]   Shai : will update on the hourly levels as soon as I get updates
[13:42]   Shai : remeber cnxit view f last week around 11501
[13:42]   Shai : has broken towards 11120 supp
[13:43]   Porus : ok thanks. Infy Rs7600cr of vol today.
[13:43]   Shai : yes huge
[13:43]   Shai : block deals
[13:44]   Porus : block deals shouldnt bring price down so steeply, do they?
[13:45]   r m : infy promoters are selling that is why it is coming down
[13:46]   r m : I mean founders 🙂
[13:46]   Porus : ok
[13:47]   Shai : block deals on the sell side often bring down stock
[13:47]   r m : http://tinyurl.com/n74xe7f
[13:48]   r m : http://tinyurl.com/n74xe7f
[13:51]   Janak : shai 640-50 zone is sell-on-rise now?
[13:57]   Shai : upto 690 actually
[13:57]   Shai : fllow the red line
[13:57]   Janak : ok
[13:57]   Shai : that is the first seller
[13:57]   Janak : u mean rm ::
[13:57]   Shai : sorry second seller
[13:57]   Shai : firsts eller at 774
[13:57]   Shai : could be 🙂
[13:57]   Janak : or the first was at 920 on friday evening?
[13:58]   Janak : it did 920 to 790 in some 30 min?
[14:01]   Shai : 920 could have been profit bookers
[14:01]   Shai : these are sellers
[14:03]   Janak : if they close at day low then mkt has OTF seller for few days now
[14:07]   Janak : lekin dehradoon’s weather report says all clear for bears and rm toofan se pehle wali khamoshi ki chadar lapete chai ki chuskiya jayja farma rahe hei : mkt better be careful here
[14:10]   r m : cold and bearish weather here, time for grizzlies 😀
[14:11]   r m : but Kris is silent, so could be a chhota-mota correction 😀
[14:15]   Janak : a pink here in bn can give 3ib? 567
[14:15]   Ravi V P : axis bank ce oi at 500 and pe oi at 490 will make 492 and hence bnf will come down
[14:16]   Ravi V P : nf -1 it -3 so let us expect bnf atleast -2
[14:18]   Shai : so Uber gets the ban in delhi
[14:20]   Shai : added small shorts – looking at 8472 F
[14:20]   r m : DCP had to download the app to contact UBER!!
[14:20]   Shai : sl at 8541 now
[14:20]   Janak : ok shai
[14:20]   Ravi V P : nf:bnf correlation is only 1.8-1.85
[14:20]   Shai : lol
[14:20]   Janak : shai bn 510?
[14:20]   Shai : Uber started off well but Ola was getting very competitive
[14:21]   Shai : Jank support is there at 600
[14:21]   Shai : 600 will come with sl at the 18689 red lie
[14:21]   Shai : line*
[14:22]   Shai : 8528 is the proper sl now for intra day
[14:22]   Shai : and a close at the lows
[14:22]   Shai : 8476 spot is what we are watching
[14:22]   Shai : on slightly bigger scale
[14:23]   Ravi V P : shai 8600-8700 ce writing is balloning
[14:23]   Ravi V P : ballooning
[14:24]   Ravi V P : action shifted to 8100pe too
[14:24]   Janak : shai if nf gets 8472 – bn will also do 550 atleast
[14:25]   Janak : btw rm – what would shai’s shorts (in small qty) be? added 500 lots of NF short ::
[14:25]   Ravi V P : ITC is the only stock killed all ce writers and helped pr writers
[14:26]   r m : @Janak, well done 🙂
[14:27]   Shai : sometime this week e should get back upto 8552
[14:27]   Shai : F
[14:27]   Shai : scene of the crime
[14:27]   Shai : that is the time the seller has to act
[14:29]   Janak : rm PK aap ke shehar aa rahe he ya nahin?
[14:30]   r m : ye PK kaun hai? guess, I am the most ignorant person in this room 🙂
[14:30]   Janak : PK = POONA KING = SHAI ; ka samjhe?
[14:31]   r m : lol
[14:37]   Janak : shai will u be catching up with the film PK on 19th?
[14:38]   Janak : nf on its way to 8472
[14:38]   Janak : almost halfway from shai’s entry pt
[14:50]   Shai : day type is a DD
[14:50]   Shai : so close at lows a bigger option
[14:51]   Shai : rest of the week could be a slight upgring again if today’s low holds
[14:51]   Shai : PK on 19th?
[14:53]   Janak : yes
[14:53]   Janak : tom gap down shai? hold shorts?
[14:55]   Shai : no
[14:55]   Shai : book at close
[14:56]   Shai : 8485 wasa good place to cover some
[14:56]   Shai : 3 pm move coming up
[15:11]   Shai : nothing at 3 pm
[15:11]   Shai : 18600 is somehow held
[15:12]   Shai : taht move to 582 was more of some shorts hit than actual selling below 600
[15:14]   Shai : 105 point day after a long time on 90L volume
[15:14]   Shai : looks like traders not interested in Nifty any more
[15:20]   Shai : 18600
[15:27]   Shai : 8484 holding
[15:27]   Shai : cover shorts- leave only min
[15:27]   Shai : we should get a bounce tom to add
[15:30]   Shai : 8485 close
[15:30]   Shai : at lows
[15:30]   Shai : Bye all- have a nice evening
[15:30]   Chiranthan : bye
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : see you all tom
[15:32]   Ravi V P : 13:10 Ravi V: 8400-8433 spot is strong support as per option table
[15:32]   Ravi V P : low ius 8432.25