OrderFlow charts and Notes 09/03

[08:47]   r m : Good Morning folks!
[08:47]   r m : http://vtrender.com/levels-and-plan-for-9th-march/
[08:48]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-0503/
[08:48]   r m : Nifty MAR Future levels KRA 8971 Hypo1 below 8970➜8921➜8855 SL 9007 Hypo2 above 9010➜9062➜9087 SL 8990
[08:48]   r m : Banknifty MAR Future levels KRA 19699 Hypo1 below 19699➜19610➜19512 SL 19740 Hypo2 above 19725➜19844➜19920 SL 19676
[08:48]   r m : Weekly spot levels Nifty Spot – Support 8825-8844/8752-8770, Resistance 8954-8980
[08:49]   r m : Weekly spot levels Banknifty Spot – Support 19410-19376/19277-19204/18872, Resistance 19900
[08:50]   r m : SGX Nifty trading gap down at 8907
[08:57]   Porus : GM all
[08:58]   Shai : Gm all
[09:06]   Amit J : GM
[09:07]   Kris : gm all 🙂
[09:08]   r m : Hi Kris 🙂
[09:08]   Sharad : GM all
[09:08]   Tejpreet : GM all.
[09:09]   Shai : 8910 buyers v/s 8990 sellers on thurs- http://vtrender.com/wp-content/uploads/2015/03/15_min_NF_FP24.png
[09:09]   Shai : at the open we see if we get more buyers or sellers
[09:09]   Kris : Hi rm 🙂
[09:10]   Shai : BNF buyers at 19610 to be tested – http://vtrender.com/wp-content/uploads/2015/03/15_min_BNF_FP24.png
[09:17]   Shai : reds in NF at open
[09:17]   Shai : 8855 to be tested properly
[09:17]   Kris : @Shai – may be 19376 will come!
[09:18]   Shai : hmm
[09:19]   Kris : @Shai – is it fair to think – as long as we are above 8755 – we should buy dips?
[09:20]   Shai : spot?
[09:20]   Shai : yes that’s the view
[09:21]   r m : at 8825 spot
[09:21]   Kris : I would think if we test it by 10.45 – should be nice way to try intra longs.
[09:21]   Shai : BNF below 19510 will give 90 points quick to 19424
[09:21]   r m : 8855.25 NF low!
[09:22]   Shai : can do 19368 as Kris says too
[09:22]   Shai : Sellers are strong and driving in NF
[09:22]   Shai : Thurs buyers still missing
[09:23]   Shai : BNF seeing some buying though
[09:25]   Shai : if 19610- 625 sees supporting buying in next 30 mins we go up else those buyers from thurs will cover
[09:29]   Shai : Opend rive down NF
[09:29]   Rav : 8821 mvpoc
[09:30]   Shai : can drop to 8770 spot if 8820 breaks ( 50 points)
[09:30]   Shai : 8810 F is the original buyer from pre budget
[09:30]   Shai : and budget
[09:31]   Kris : Yes Shai – 600 to 500 done.
[09:31]   Kris : rest hoping for your quick 90 point drop.
[09:34]   Rav : 19349 VAH
[09:39]   Rav : 8821 broken
[09:39]   Kris : done Shai – 19435 booked most.
[09:39]   Kris : rest trailing at 19480
[09:39]   Kris : good start to morning.
[09:41]   Amit J : shai buyers ?
[09:45]   Shai : yes some buyig coming
[09:46]   Shai : 8852 is a seller
[09:47]   Kris : @Shai – was bit hesitant to get into BN longs at 405. Hope we get back there before 10.45!
[09:49]   Rav : 8950 8900 8800pe booked fully
[09:49]   Shai : NF mre likely to do 8810 now
[09:49]   Shai : sl is vwap
[09:51]   Shai : 8830 and 8790 2 anomalies pending
[09:52]   Shai : buying in NF coming in this 10 point band 8838- 8848
[09:53]   Shai : their job is to drive price abv vwap else we fi nish at lows today
[10:00]   Kris : Ok – took 8800PE at 89 again!
[10:01]   Kris : SL – 10 points above vwap.
[10:01]   Kris : expecting day to close at lows
[10:37]   Rav : last 3 candle NF LU BNF LBU
[10:37]   Amit J : look at unitech
[10:39]   Shai : Day’s heaviest buyer at 8833
[10:39]   Amit J : shai will it be a fa if day high
[10:40]   Shai : yes
[10:40]   Shai : vwap cross 1st requirement
[10:40]   Shai : Open drive failure at vwap brings day high in 90% cases
[10:41]   Varun : hw many points shld we wait above vwap to cover shorts
[10:41]   Varun : cos sometimes it just flirsts 3-4 points and back
[10:43]   Shai : about 10 points
[10:43]   Shai : look at the buying also
[10:44]   Shai : sometimes sl’s go off 4- 5 points abv
[10:44]   Shai : auction has settled down
[10:45]   Shai : for the moment downside looks arrested unless we break 8835 again quickly in next 1 hour
[10:45]   Shai : 19410 in BNF is the shot trigger intra
[10:54]   Sharad : Hi market is just passing time i think
[10:54]   Sharad : vwap test
[10:59]   Rav : 8900ce OI increasing and 8800pe oi decreasing thru ce writing and pe short covering
[11:02]   Varun : @rav tht means 8800 cn break ?
[11:06]   Rav : 8800 spot breaking mean 8775-8756
[11:10]   Rav : big daddy hammering hdfc
[11:30]   Kathir : Hi All 🙂
[11:30]   r m : Hi Kathir 🙂
[11:30]   Sharad : HI Kathir
[11:33]   Kathir : @sharad it loks like usd/inr will give your 64 soon
[11:40]   Shai : BNF at vwap
[11:40]   Shai : 19521 res
[11:41]   Sharad : 63.70….yeees
[11:41]   Sharad : holding from 62.03
[11:42]   Sharad : and if 64 crossed and sustained above for 2-3 days then straight to 69.50
[11:42]   Sharad : not thinking in March but
[11:42]   Kathir : good one sharad
[11:43]   Sharad : will play for 69.50 in April/May or Max June
[11:43]   Kathir : ok
[11:44]   Shai : usdinr is actually managed well by Rajan against a Parabolic USD which is now at 97
[11:45]   Shai : from 80 it has ot dropped more than 4 ponts in corrections
[11:51]   Kathir : @shai what is tthe supp for wipro now for longs here?
[11:55]   Sharad : so shai correction DXY will be only 4 points ?
[12:04]   Rav : last sttemept to break
[12:08]   Kathir : @rav break nf lows you mean?
[12:08]   Shai : Sharad so far for the rrise from 80 to 97
[12:08]   Sharad : ok Shai but what can be target for DXY 102 or higher in one month
[12:08]   Rav : yes 8900 9000ce writers pushing down 8800pe writers covering shorts!!!
[12:09]   Shai : Wipro just holding supp at 656.5
[12:10]   Shai : can drop to 650 if gets broken
[12:10]   Shai : res still 670 all week
[12:11]   Kathir : ok shai thanks
[12:18]   Kathir : @shai : 09:30 Shai : can drop to 8770 spot if 8820 breaks ( 50 points)
[12:18]   RK : GM Shai,RM and all
[12:18]   Kathir : @shai is this still open :09:30 Shai : can drop to 8770 spot if 8820 breaks ( 50 points)
[12:19]   Kathir : hi RK
[12:19]   RK : Shai HUL inching towards 964 spot..chances of breaking 964? pls suggest on next levels to watch
[12:19]   RK : Hi Kathir..appears only on the trend days 🙂
[12:19]   Kathir : 🙂 RK if i come then it becomes a trend day
[12:20]   RK : Shai also SUNTV any trade for long here?
[12:21]   r m : Hi RK 🙂
[12:22]   Shai : http://vtrender.com/composites-of-nf-and-bnf-with-lvn-hvn/
[12:24]   Shai : sun tv price probe is to 446/449 but prefer to buy closer to 434 than here
[12:25]   Shai : 446 possible even intra
[12:25]   RK : thanks Shai
[12:26]   Amit J : what is this 8848 yellow line in chart above
[12:26]   Shai : NF locked in a b shaped profile
[12:27]   Rav : b means long unwinding shai
[12:27]   Shai : Current price Highlighter
[12:27]   Amit J : ok
[12:27]   Shai : Yes Ravi
[12:27]   Shai : 8838 showed up as a buyer late in the IB and if he liquidates we close at day lows today
[12:28]   Shai : A new sell below IB is fresh volume selling
[12:28]   Shai : vwap and 8882 pdl from thurs res
[12:28]   Varun : @shai is b shaped a bearish profile ?
[12:29]   Shai : Yes Varun
[12:29]   Rav : 8836-8846 LU continuously happen
[12:29]   Shai : Entry abv 8882 can taken NF to 8920 again where thurs buyers can close or exit
[12:29]   Shai : THat NF long can be traded abv 8885 with sl of 8855 for 8920
[12:30]   Kathir : shai is this still open : 09:30 Shai : can drop to 8770 spot if 8820 breaks ( 50 points)
[12:30]   Shai : else it’s a sell below IB low
[12:30]   Shai : Yes Kathir sl for that was 8844 prev support band
[12:31]   Shai : forgot to update that
[12:31]   Shai : Thanks for bringing it up
[12:32]   Kathir : shai thanks
[12:34]   Rav : ICICI AXIS to be -5%
[12:37]   Varun : thanks
[13:01]   Shai : BNF long idea above 19530 for 19630 with sl of 19495
[13:04]   RK : Shai can you pls check? (12:19) RK :Shai HUL inching towards 964 spot..chances of breaking 964? pls suggest on next levels to watch
[13:07]   Rav : 19500-20000ce writing heavy
[13:11]   Rav : 977 998
[13:11]   Shai : Thanks RK for bringing that up
[13:12]   Shai : HUL meeting sellers from 26/01 here at 965. That open drive is matched with today’s open drive also
[13:13]   Shai : can trail at 960 and tgt 980 by close
[13:13]   Shai : but do not carry
[13:13]   Rav : 8800 gone
[13:13]   RK : better to book here and reenter on the convincing break
[13:13]   RK : ?
[13:14]   RK : fine..thanks
[13:14]   RK : ok
[13:14]   RK : my comments are not visible..anyway thanks 🙂
[13:14]   Shai : sellers
[13:14]   r m : @RK visible here
[13:14]   RK : comments are delayed Shai..
[13:14]   Shai : quite visible RK- I meant I overlooked them
[13:16]   Shai : BN spot in huge supp zone
[13:16]   RK : 19204s Shai?
[13:17]   RK : I mean the support
[13:17]   r m : 204-277
[13:17]   Shai : yes
[13:17]   RK : Yes RM..from that notes only.
[13:17]   r m : we both have same Guru 🙂
[13:18]   RK : ofcourse 🙂
[13:18]   RK : but you are good in when to pickup which no 🙂
[13:18]   Kathir : both no:1 students too
[13:18]   Shai : if that 19204 ges we have a huge problem in BN for March
[13:18]   Shai : *goes
[13:20]   r m : lots of green at 8815
[13:20]   Shai : 8838 IBL ref line
[13:20]   Shai : seller in control still below IBL
[13:21]   r m : timing of this drop below IB is in sync with Europe open
[13:22]   Shai : more sellers now
[13:22]   Shai : 8790 tgt
[13:23]   r m : Europe begins daylight saving on 29th March
[13:26]   Rav : 13:11 Rav : 977 998 HUL 977
[13:29]   Varun : any vpoc on downside @shai
[13:29]   Varun : of fa’s
[13:29]   Varun : besdues 8752′
[13:29]   Varun : besides ”
[13:31]   Shai : 8672 Varun
[13:31]   Varun : thnks shai
[13:31]   Shai : 8828 is the big seller now
[13:32]   Shai : 19376 BNF
[13:35]   Rav : BNF so fat 25% shorts added. SC will trigger rally anytime as 19000 pcr is rock solid
[13:35]   Rav : far
[13:36]   Shai : another big seller in NF at 8902
[13:36]   Shai : 8802*
[13:36]   Varun : shai but 5 min shows a one lkh buyer
[13:36]   Varun : i covered 50 %seing tht buyer 😉
[13:37]   Shai : data spiked
[13:37]   Shai : 15 min is red
[13:37]   Varun : ya tht i saw later on
[13:37]   Varun : wht does it mean
[13:38]   Shai : when you see 0 on teh chart the exchange is not sending proper data 1st instance and have to revise
[13:38]   Shai : BNF buyers now
[13:38]   Tejpreet : Shai in case of nifty spot closing below 8750 and bnifty spot closing below 19200 positional shorts can be added.
[13:39]   Shai : Yes will weaken the bull case
[13:39]   Shai : But don’t add everything tonight
[13:40]   Shai : there should be a bounce back and we add then
[13:40]   Tejpreet : Thanks.
[13:44]   Shai : lost a great opp to short thurs close – It was another 1L seller near the close
[13:44]   Shai : actually was waiting at 9062 F to short before we came to 8800 F
[13:45]   Shai : this is now big time long liquidation in NF
[13:45]   RK : but that day the concern was the premarket view had played out quite good of raise to 19900 and drop to 19521..after such a move down and then a bounce, didnt allow to short though it was tempting :))..added concern was long weekend
[13:46]   Shai : true
[13:46]   Kris : @Shai – looks we get 19150 today in BN,
[13:46]   Porus : Shai, any intra target for bnf shorts?
[13:46]   Kris : waiting patiently – in that sense – most unlike me – and remarkable day!
[13:47]   Shai : Porus 19159
[13:47]   Shai : Just be cautious of aggressive shorting as we are near vwap bands
[13:47]   r m : @Kris – that reminds me of a James Headley Chase title “Vulture is a patient bird” 😀
[13:48]   Porus : OK Shai
[13:49]   Shai : Look to short closer to 19370 with sl abv IBL of 19410
[13:49]   Shai : better trade management there
[13:49]   Kris : @Rm – last few days have been quite different – Gap down – and still I shorted at right time- and waiting for the trend day to complete! – Thanks Shai – for teaching things!
[13:49]   Shai : spot low is 8754
[13:50]   Shai : Kris Great trades
[13:50]   Shai : Cheers
[13:51]   Shai : 2 big sellers here : (13:31) Shai :8828 is the big seller now(13:32) Shai :19376 BNF
[13:51]   r m : @Kris, great man, looks like I should make a trip to Telangana soon 🙂
[13:52]   Kathir : @RM dont forget me
[13:53]   Kris : @Rm -welcome !
[13:54]   r m : @Kathir, sure man, we’ll raid Kris as a team 🙂
[13:55]   Kathir : ok ge 🙂
[13:55]   RK : 19376 adding shorts
[13:56]   Shai : Counter Trend aggressive trade : Buy March 9000 ce 42- 44 50% qty here
[13:57]   Shai : if we close at the lows we add another 50% and use today’s day low + 20 as sl into tom
[14:00]   Shai : Cut BNF shorts abv 19410
[14:02]   Shai : 8828 F will test these buyers in NF
[14:21]   Kathir : @rav : 13:35 Rav : BNF so fat 25% shorts added. SC will trigger rally anytime as 19000 pcr is rock solid
[14:21]   Shai : auction is moving again ref lines clearly below IBL for close at day lows or abv IBL for vwap close
[14:22]   Rav : booked nf bnf pe kathir
[14:22]   Rav : no shorts no longs
[14:23]   Rav : wipro buying above 663.60 only
[14:24]   Kathir : @rav ok ..wipro fututre?
[14:27]   Rav : future
[14:27]   Kathir : ok thanks
[14:34]   Vishal : europe market recovering from days low
[14:36]   Shai : News out the ECB is buying German bonds already
[14:37]   Shai : NF at 8828
[14:37]   Shai : buyers’
[14:38]   Varun : both abnomalies repaired
[14:40]   Amit J : they will buy from today. news is correct
[14:41]   Kathir : will there be any impact on indian markets based on this
[14:42]   Amit J : yes global increase in liquidity will flow to india
[14:43]   Kathir : oh ok..positive for bulls?
[14:46]   Amit J : yes positive is always for bulls 🙂
[14:47]   Shai : 🙂
[14:47]   Kathir : 🙂
[14:49]   Kathir : @shai the seller is near IB low seems to be big?
[14:49]   Kris : Ok – may be the crux of the move happens in last 30 min only! But still – BN – booking out max at 19330 – and – rest tsl at IB low now.
[14:49]   Kathir : from 8833 to 8839
[14:50]   Kris : 8800PE taken at 89 – booked out at 112 – max – rest trail at 108.
[14:50]   Kris : has been another good day at the hobby!
[14:50]   r m : Excellent trading Kris, Congrats!
[14:52]   Kathir : congrats kris
[14:52]   Kris : Thanks RM, Jathir
[14:52]   Kris : *Kathir
[14:52]   Kris : Started deriving a lot of pleasure in the trades not taken – rather than the ones taken!
[14:53]   Kris : Looks paradoxical – but – knew Thursday eod, that, it will be a gap down Monday – and – there was a strong urge to take PE – but resisted – felt great today – for not taking the trade!
[14:55]   r m : 🙂
[15:05]   Amit J : Bloomberg: ECB Begins Buying German Government Bonds in QE
[15:06]   Kathir : @amit will this be more positive news for banking sector in india?
[15:07]   Vinay : if dax isn’t reacting to the news, why are we getting excited in india?
[15:07]   Kathir : 🙂
[15:08]   Shai : NF closing coming at lows
[15:08]   RK : HUL closing coming at highs 🙂
[15:08]   Shai : between 8750 spot and 8810 tom
[15:08]   Rav : 988
[15:09]   Shai : bulls safe only if 8810 taken out strongly
[15:09]   Kathir : @shai shall we avrage 8900 ce now
[15:09]   Shai : last 5 mins
[15:09]   Kathir : ok
[15:09]   Amit J : shai your level in irb below 244
[15:10]   Kris : Yes – it is happening – (14:49) Kris :Ok – may be the crux of the move happens in last 30 min only! But still – BN – booking out max at 19330 – and – rest tsl at IB low now.
[15:11]   Shai : IRB 236 is the buyer
[15:12]   Shai : but can drop to 228 if 236 goes
[15:12]   Amit J : thanks
[15:12]   Kris : @Shai – worth some 8900CE at 64?
[15:13]   Shai : Yes Kris
[15:13]   Shai : sl 8730 spot
[15:14]   Kris : @Shai – hope we dont gap down 100 points 🙂
[15:16]   Kris : OK – booked out remaining BN at 19230.
[15:16]   Shai : lots of sellers
[15:17]   Kris : has been one great trade – from 600 – not for the no. of points – but for – timing and patience to hold!
[15:18]   r m : yes Kris, great trading
[15:19]   Kris : @Shai – bought BN at 19225 – to carry forward!
[15:19]   Shai : adding that other half of 9000ce here
[15:20]   Shai : sl 8730 spot tom
[15:20]   r m : that 8752-8770 spot support holding so far
[15:21]   Kris : @Rm – if they give up 8400 will be in quite quickly.
[15:21]   Shai : clear long liquidation today
[15:21]   Shai : rise will be sold this week
[15:21]   Rav : max pain from 8900 to 8800
[15:21]   Shai : but not good risk reward to short here
[15:21]   r m : yes Kris
[15:21]   Kris : They are the mauritius people – who hold it from series to series – Shai Gang 🙂
[15:22]   r m : lol
[15:22]   Kathir : 🙂
[15:22]   Rav : bnf shorts are getting covered
[15:23]   Shai : BNF short trade at 19370 kissed sl and came down
[15:23]   Shai : 19370/ 8820 F continue as res into tom 1st session
[15:24]   Varun : i a, the unlucky guy
[15:24]   Varun : but nf didnt
[15:24]   Varun : just kiss of stop loss in bnf
[15:25]   RK : Kepl SL above VWAP and survived 🙂
[15:25]   Varun : 😉
[15:25]   Kathir : 🙂
[15:25]   r m : @RK, you know all the tantrums of BNF 🙂
[15:26]   Varun : tht 39000 seller in nf sealed the deal
[15:26]   Kathir : @rm experiance makes a man perfect
[15:26]   RK : RM yeah enough SLs 🙂
[15:26]   r m : lol
[15:26]   Kathir : @rm now RK is perfectly prepared to trade bnf
[15:26]   r m : @Kathir, let us revise that proverb, SLs make a trader perfect 😀
[15:27]   Kathir : lol
[15:30]   RK : thanks and bye all
[15:30]   Shai : Close a day lows
[15:30]   Shai : Bye all
[15:30]   Kathir : thanks and bye all ..have a nice eve
[15:30]   Amit J : bye
[15:30]   Shai : Have a nice evening
[15:30]   Tejpreet : Bye all.
[15:31]   r m : Thanks and bye, have a great evening 🙂
[15:31]   Porus : bye all
[15:31]   Kris : Bye all