OrderFlow charts and Notes 10/04/15

[08:47]   r m : Good Morning folks!
[08:47]   Porus : GM RM and all
[08:48]   r m : http://vtrender.com/levels-and-plan-for-10th-apr/
[08:48]   r m : Hi Porus
[08:48]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-0904/
[08:48]   r m : Nifty APR Future levelsKey Reference Area 8787Hypo1 below 8784➜8760➜8732 SL 8809Hypo2 above 8804➜8834➜8877 SL 8784
[08:49]   r m : Nifty APR Future levels Key Reference Area 8787 Hypo1 below 8784➜8760➜8732 SL 8809 Hypo2 above 8804➜8834➜8877 SL 8784
[08:49]   r m : Banknifty APR Future levels KRA 18826 Hypo1 below 18740➜18670➜18614 SL 18825 Hypo2 above 18826➜18960➜19056 SL 18740
[09:03]   Tejpreet : GM All.
[09:08]   Hemant : GM folks
[09:09]   Sharad : GM all
[09:11]   Chirag : GM everyone.
[09:13]   Ashish : Gm guys
[09:14]   Shai : GM all
[09:16]   RK : GM Shai,RM and all
[09:17]   r m : Hi RK 🙂
[09:17]   Shai : 8787 is the ref line today- the seller of y’day morning
[09:18]   Shai : 18825 in BNF
[09:18]   Shai : 80% rule below 8784 can be taken per hypo
[09:23]   Shai : open is slightly weaker considering the close at 8820/18985 y’day
[09:24]   Shai : more selling can come below 8784/ 18825 intra
[09:25]   Amit J : shai your view on just dial and cipla for short?
[09:25]   Amit J : sorry jsw energy and cipla for short?
[09:26]   Chirag : Huge OI buildup in JSW energy..any news?
[09:27]   Amit J : selling likely if shai confirms
[09:27]   Chirag : intra?
[09:28]   Shai : cipla 710 and 718 res band
[09:28]   Shai : can’t see much downside below 689 yet
[09:29]   Amit J : ok
[09:29]   Shai : moved to 699 and up
[09:30]   Shai : not a short yet
[09:31]   Shai : jsw weak below 120.6 – should do 117/ 115.2
[09:31]   Amit J : thks
[09:32]   Chirag : Shai sir…HPCL and ONGC?
[09:32]   Chirag : ONGC looking to test 50DMA?
[09:34]   Shai : ongc looks like a drive up but has supply at 318 and 321
[09:35]   Shai : should move up strongly if 326 is crossed next week
[09:38]   Chirag : Okay.Thanks
[09:39]   Shai : hindpetro good abv 661 – buy buy dips closer to 662 than here
[09:39]   Shai : tgt reamins 687/ 699- went upt0 684 y’day
[09:40]   Tejpreet : jsw energy options thinly traded ….just 4 lots of put traded at 115 strike price.
[09:40]   Chirag : Okay..ONGC 326 is also 50DMA..
[09:40]   Shai : ok
[09:40]   Shai : OAIR in both
[09:40]   Shai : Volume is dropping already
[09:40]   Shai : vwap is flat
[09:41]   r m : OAIR above value Shai, can’t go to sleep till lunch? 🙂
[09:41]   Shai : true
[09:42]   Shai : in value would have meant we caught that nap 🙂
[09:42]   r m : lol
[10:03]   Ashish : Shai, niftyn longs can be taken now??
[10:08]   Janak : shai can we see a 1000 pts fall in bn in next 3 days?
[10:09]   Sharad : wow janak why do you think of such abig fall ?
[10:11]   Janak : i think larger trend has been down from 20k
[10:11]   Shai : Asshish we buy abv IBH now
[10:11]   Janak : and this correction bounce of 1000 pts is done
[10:11]   Janak : mkt shd fall very fast now
[10:11]   Ashish : thanks shai
[10:11]   Sharad : ok true
[10:11]   Shai : NO OTF in the IB period- so break of IB is the trade no wiwth stops below vwap
[10:11]   Shai : now with*
[10:12]   Shai : ok Janak – noted 🙂
[10:13]   Sharad : few scripts running like a mad century , UBL , reliance , idfc
[10:13]   Shai : 18790 F is sl on longs which have come y’day at 690 levels . They sould close below 790
[10:14]   Shai : till then they will keep pushing supply here
[10:14]   Shai : it’s a friday and afternoon should get volatile
[10:15]   Janak : if sellers take out 18700 before 1 pm – then afternoon will see a bigger fall
[10:19]   Shai : possible
[10:19]   Shai : 18648 is the supp below 18790
[10:21]   Amit J : @janak find some good short ideas
[10:27]   Janak : mkt is always a sellers’mkt and if one has funds – one can use sell-spread and gain always
[10:28]   r m : Janak the big bear 🙂
[10:28]   Amit J : century textile has gone mad
[10:29]   r m : 🙂
[10:30]   Keshav : @janak how to design a sell spread?
[10:31]   Sharad : century in banned
[10:32]   Janak : not an easy job sharad – better hand it over to experts – those are guys who can quickly earn 20-30k in an eye-blink
[10:33]   r m : I will never open my eyes if I learn those tricks 😀
[10:33]   Sharad : yes Janak
[10:33]   Janak : ha ha
[10:34]   Janak : but if u a more than a million in ur trading acc. – an ideal trader would easily make 20k a day
[10:34]   Varun : @janak intrsting observation for u, all puts below 8400 broke thr highs even after an upmove
[10:34]   r m : Janak at work!
[10:35]   Sharad : so Varun put buying going on ?
[10:37]   Varun : i have no clue how options work
[10:37]   Varun : but this is a bit strange
[10:37]   Varun : @rav is an expert, bt nt seen him in last few days
[10:41]   Sharad : yes
[10:43]   Hussain : Bulls loosing steam
[10:43]   Hussain : shorts favorable !!!
[10:44]   Hussain : shai might have spike to yesterday poor low n reverse??
[10:46]   Hussain : sory poor High!
[10:56]   Shai : yes abv vah – and no excess seen yet to confirm a reversal
[10:57]   Shai : value is moving upwards and price not shown weakness yet
[10:57]   Shai : watch vah
[10:57]   Shai : and 8796 spot abv
[10:57]   Shai : be back in few mins
[11:13]   Sharad : Rcom 10% plus in 10 minutes…
[11:20]   RK : Anil cant digest move of RIL..even Rcap showing signs of moving up 🙂
[11:21]   Amit J : but problem is mkt cant digest anil
[11:21]   RK : true
[11:22]   RK : Sellers trying to enter in NF
[11:23]   RK : 18860 getting buyers
[11:27]   Sharad : Rcap also moving
[11:32]   Shai : Sell NF 8784 sl 8806 tgt 8768/ 8760
[11:32]   Sharad : Shai Rcap can buy here 458
[11:32]   Shai : not a good r/r for the day but may want to probe down
[11:33]   Shai : relcap 465 seems to be objective of the move
[11:34]   Sharad : 478 possible?
[11:34]   Sharad : bot @ 457
[11:34]   Shai : exit if 444 breaks
[11:34]   Sharad : ok
[11:34]   Sharad : stop at cost now
[11:35]   Shai : yes shorts in troble abv 448
[11:35]   Sharad : 461
[11:35]   Shai : hence 444 good stop
[11:35]   Shai : cash value
[11:35]   Sharad : ok
[11:35]   Sharad : Thanks
[11:35]   Sharad : 463
[11:36]   Sharad : sold 50%
[11:36]   Sharad : balance at cost now
[11:38]   Shai : 🙂
[11:38]   Shai : Nice
[11:38]   Shai : Good spot
[11:38]   Sharad : i bot rcom also @ 62 sold @ 63 now 74
[11:39]   RK : Relcap is a buy from 440..but the problem is its like crocodile in the zoo..can’t say when it start a move 🙂
[11:39]   Sharad : Rcap if crossed 465 should go to 478
[11:40]   RK : 450-475 was a grind zone for some time in last 2 months
[11:40]   Sharad : yes RK .. so when this guys start buy then only
[11:40]   RK : Yeah have to join the crowd and get out 🙂
[11:40]   Sharad : yes quick out if do not move for 10 minutes
[11:43]   Sharad : i keep filter of non movemnt of 10 minutes or high low of last 3 10 minutes candle
[11:43]   Sharad : 465 crossed.
[11:46]   Sharad : voltas next candidate
[12:04]   Kathir : @amit your century climbing mountains 🙂
[12:12]   Amit J : yes but i missed it because of last expiry mkt fall
[12:12]   Tejpreet : Century from 570 27th march to 770 itoday ……..stupendous move.
[12:13]   Amit J : @ rm MO?
[12:13]   Amit J : i bought at 545 in last expiry and exited at 598. could not buy again at fall to 550
[12:14]   Kathir : ok
[12:14]   Shai : exit the NF short- indecisive still
[12:20]   r m : @Amit, MO 79
[12:22]   Kathir : @rm thanks
[12:24]   Shai : At this stage most bears will wait till Mon for the bear move to begin
[12:24]   Shai : IIP today
[12:25]   Shai : sure the mkt will like to react to that 1 in last hour
[12:25]   Tejpreet : Shai what close in nifty and BN as weekly lvl would be good for bulls .
[12:26]   Tejpreet : or rather the lvl bulls would like to defend for the weekly close.
[12:31]   Hussain : shai yesteray n day b4 yesterday VPOC same
[12:31]   Hussain : vpoc no rising, we can test that area again?
[12:37]   Shai : Tejpreet a cls abv 8760 is good for bulls
[12:38]   Shai : levels wise they will try to defend 8714 next week
[12:38]   Shai : price weakness is below 8714 F
[12:38]   Shai : Hussain there is a Vpoc from 19/03 at 8834 and yes that one at 8760 has vol all this week
[12:39]   Shai : trend wise it is trapped 8760- 8834
[12:39]   Shai : 8760 is devloping weekly POC
[12:40]   Tejpreet : 8760 F
[12:41]   Tejpreet : So aggressive shorts below 8714 futures only.
[12:44]   Shai : yes based on price confirmation
[12:53]   Kathir : bnf chart updating ?
[12:53]   Shai : 2 mins
[12:53]   Shai : will bring back charts
[12:53]   Kathir : ok
[13:03]   Amit J : cipla days low
[13:16]   Ashish : sellers in market
[13:18]   Shai : buyers trying to respond in BNF
[13:21]   Shai : Buy BNF abv 18874 sl 18820 tgt 18930
[13:21]   Shai : buy abv**
[13:23]   Shai : No intra strength today in NF till we cross 8790 convincingly
[13:29]   RK : Shai Tata motor good for long above 870spot?
[13:32]   Shai : very balanced here and not much edge in picking longs higher
[13:32]   RK : fine..thanks
[13:32]   Shai : try to dip in longs around 550- 555 in coming weel with stops below 530 and tgt 590
[13:33]   RK : thanks..
[13:33]   Chirag : Shai sir,CESC?
[13:33]   Chirag : near support?
[13:36]   Janak : the dreaded friday afternoon is here
[13:36]   Janak : it has to be a one-sided move
[13:36]   Janak : likely to be a killer week-trend-up move?
[13:37]   Janak : 19050
[13:37]   Shai : cesc slightly weaker below 603 but holding 596 can come up to 608
[13:37]   Shai : 8797
[13:37]   Chirag : ok thanks.
[13:38]   Shai : BNF long active
[13:44]   Shai : move stop to 18812
[13:46]   Shai : Sl taken in BNF long- exit
[13:51]   Hemant : Upside left today Shai?
[14:01]   Tejpreet : Shai can you chk on HDIL for that MWPL trade …hugr run up and now MWPL close to 89%.
[14:02]   Tejpreet : Maybe some long unwinding next week.
[14:05]   RK : 8796s business I dont think bulls will leave this week without trying to tap that
[14:07]   r m : @RK, a long above IBH should be tried in that case?
[14:07]   RK : but that will be a high risk trade then until Shai shows flag 🙂
[14:08]   r m : yes, it is rotating too much, more likely to come down after triggerng the trade to trigger the stop 🙂
[14:09]   RK : yes
[14:09]   r m : maybe bulls and bears sniffing for IIP numbers 🙂
[14:09]   RK : maybe
[14:09]   r m : Bulls usually are not good at sniffing, only use raw power 🙂
[14:10]   Shai : hdil still a high risk fr short
[14:10]   Shai : there is some talk frm this morning about real estate stocks – some pos news or something
[14:11]   Shai : a good conservative short will be below 130 for 116 with sl of 135
[14:12]   Shai : Hemant poss close at highs still in
[14:12]   Shai : suckers came for our stop in BNF
[14:13]   Shai : 18809
[14:13]   r m : @RK, bull ran away 🙂
[14:13]   RK : it skipped my order in the system 🙂
[14:13]   Hemant : Its just pumping in some serious volumes
[14:13]   r m : @RK, it will come back to trigger your order!
[14:14]   Shai : there is a buyer at 18810 from y’day
[14:14]   Shai : correct sl was 17790 for the trade but return wasn’t as big
[14:15]   r m : @RK, that looked like a swipe for short stops?
[14:15]   RK : Yes RM
[14:15]   Ashish : are algos at work??
[14:15]   Shai : 8820 is a half FA already
[14:16]   Shai : yes ashish
[14:16]   Ashish : hmmm
[14:16]   r m : fastest FA in NF history 🙂
[14:16]   Shai : 🙂
[14:19]   Hussain : poor high tested reversed ;-))
[14:19]   Hussain : 10:44 Hussain : shai might have spike to yesterday poor low n reverse??
[14:20]   Hussain : t was poor high rote as low by mistake
[14:20]   r m : good one Hussain!
[14:21]   Hussain : thanks Rm
[14:22]   Hussain : vol at 3.30m doubt any breakout can hold !!
[14:23]   Shai : Nice 1 Hussain
[14:23]   Shai : yes vlume is very poor
[14:23]   Shai : extremely poor
[14:24]   Tejpreet : Thanks Shai for Hdil …lost my connection in this Nidty jump 🙂
[14:24]   Tejpreet : nifty
[14:24]   Hussain : shai vol exhaustion at top n inside day, would u call it ST top?
[14:24]   Shai : Welcome Tejpreet
[14:25]   Shai : Hussian value going sideways – poss end to current IPM
[14:25]   Hemant : Poor high would mean what exactly?
[14:25]   Shai : means exhaustion
[14:26]   Hemant : It sounds there is a downside coming 🙂
[14:26]   Porus : shai, IPM?
[14:26]   Shai : Initial price Move
[14:27]   Shai : the best close can be right here and hope there are no spikes
[14:28]   Shai : that could give us a nice short setup for 8716 F with 8834 F as sl
[14:28]   Shai : for Mon
[14:28]   Shai : or with 8880 stop ( 8795 + filter) for 8673 / 8575
[14:29]   Shai : last closing mins if we close here
[14:29]   Shai : but pssibility of another spike in the close still exists
[14:30]   Hemant : pick put some puts to carry over the weekend.. wise ?
[14:30]   Hemant : picking*
[14:33]   RK : 2.30,VWAP and some buyers
[14:42]   Shai : OK Hemant but in last 10 mins only
[14:43]   Hemant : Ok sir 🙂
[14:53]   r m : (*** Private to RK ) Shai’s Hypo level 18826 is being seriously defended by bulls 🙂
[14:53]   Hemant : 8600 PE picked up 45
[14:53]   Tejpreet : Amit your Tata Global having a great run 🙂
[14:54]   Amit J : yes but this was across all scripts
[14:55]   Amit J : cipla you can give credit for falling
[14:55]   Tejpreet : yeah cipla was a good one but exited too early in small profit.
[15:01]   Kathir : century non stop again
[15:02]   Shai : 8816
[15:05]   Janak : bn an do 940 atleast?
[15:05]   Shai : lol
[15:05]   Shai : there’s so much disappointemnt today
[15:05]   Janak : it is the weiredest thing on this universe ;
[15:06]   Janak : it must have been created in a dark mysterious room of dehradoon
[15:06]   Janak : ;
[15:06]   Kathir : 🙂
[15:06]   Kathir : @janak without DD no move is here
[15:06]   Tejpreet : Shai got the spike …time to go for puts now.
[15:07]   Chirag : Nifty is following Kejriwal…U-turns!!!!
[15:07]   Tejpreet : 8800 put at 95 .
[15:07]   Shai : yes buy those puts
[15:07]   RK : yday we had clse above 8796 and seems today also..so 8882 F am thinking of 🙂
[15:07]   Shai : If w eopen gap up at 8850 spot there will be trouble
[15:07]   RK : maybe Mon morning
[15:08]   RK : oncely concern is a low conviction day with low volumes
[15:08]   Shai : can’t see it on the chart- but don’t rule it out for open atleaast
[15:08]   Tejpreet : 8000 in at 95 and sold 8600 at 41.
[15:08]   Janak : i tell u buying any puts can backfire? mkt can rush to 9k on monday
[15:08]   Shai : if open is here – 8834 + filter in Fut is our sl for Mon
[15:08]   Shai : if gap up we will reevaluate
[15:09]   Tejpreet : As of now gap up looks sure hence sold 8600 but iip numbers can be nasty surprise.
[15:09]   Shai : Fair warning by Janak- No price confirmation for these puts
[15:10]   Shai : we have to trade below this VAl on Mon for shorts to come
[15:10]   Shai : 8780 F val for Mon
[15:10]   Chirag : How about writing calls?
[15:11]   Shai : write 9000 not 8900 but cover with 9100 call
[15:12]   Shai : exit the 9100 call if we trade below 8860 F
[15:12]   Shai : 8760F
[15:14]   Amit J : how is OI in jsw energy?
[15:17]   Shai : could be a short buildup early at open when vol was heavier
[15:17]   Shai : flat after that
[15:18]   Shai : NF fiinsing it diff to touch 60L
[15:18]   Shai : after yesterday looks like both bulls n bears chose an early weekend 🙂
[15:19]   Shai : inside day in Both
[15:19]   RK : Shai when it comes to price levels or volume, what would be your priority?
[15:19]   Shai : first sideways profile in NF from 27th
[15:20]   Shai : haha RK – the chicken or egg story?
[15:20]   RK : 🙂
[15:20]   RK : No I have this itch on my head when I select stocks for entry
[15:20]   RK : honestly I go with price than volumes
[15:20]   Shai : Price is supreme- Vol can decieve
[15:20]   RK : I dont know if thats right..but I have no disappointment in a bigway
[15:21]   RK : fine 🙂
[15:21]   Shai : there is a trader I personally knew who traded the mkts at NYSE- His statement was : Only price pays
[15:22]   RK : I have experienced myself Shai..Just a 10 paisa trigger or not triggering the price i.e, entry level has saved a lot 🙂
[15:23]   Shai : true
[15:23]   RK : Just recent example one Friday, Tatamotors gave a sell entry just by clearing 10 paisa the entry level which I ignored..next day it had 25rs gap down due to poor resutls 🙂
[15:23]   r m : 🙂
[15:24]   Shai : 🙂
[15:24]   Kathir : 🙂
[15:26]   Hemant : Going to be a dull weekend 🙁 Time to visit Mr Daniel soon
[15:26]   Hemant : have a great weekend folks 🙂
[15:27]   Chirag : Shai sir,if possible,please let me know about IB Housing.
[15:27]   Hussain : shai u prefer VOL profile than TPo why ?? 15:20 Shai : Price is supreme- Vol can decieve
[15:28]   Shai : Chirag give code?
[15:29]   Shai : nse
[15:29]   Shai : Hussian I work on levels of Vol Profile but use tpo to know structure etc
[15:30]   Ashish : bye all, have a nice weekend
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice weekend
[15:30]   RK : thanks and bye al
[15:30]   Tejpreet : bye all
[15:30]   Hussain : thanks
[15:30]   Porus : bye all
[15:30]   Hussain : bye all
[15:30]   Kathir : thanks n bye all have a nice weekend
[15:30]   r m : Thanks and bye folks, have a great weekend, fill some volumes 🙂
[15:31]   Kathir : order from guruji
[15:31]   r m : lol
[15:31]   Kathir : 🙂 bye sir
[15:34]   Chirag : Indiabulls Housing Finance sir..
[15:35]   Chirag : BSE code 535789
[15:35]   Amit J : bye
[15:39]   Shai : I wanted ibulhsgfin nse code
[15:39]   Shai : never mind
[15:40]   Shai : It helps in last few mins of the day to have the nse code to plot stright in chart than search
[15:40]   Shai : any other time I can pull it up
[15:40]   Chirag : I actually sent that one too but don’t know why it isnt displayed here.
[15:41]   Shai : never mind now
[15:41]   Chirag : Oh okay.Will keep in mind next time.
[15:41]   Shai : 597 was a weekly tgt which it hit
[15:42]   Shai : now for MOn watch 575 supp
[15:42]   Shai : if not holding may drop to 561/ 557
[15:42]   Shai : but strength abv 575 mon
[15:42]   Chirag : Okay.Thanks.Targets,if any?
[15:43]   Shai : 621
[15:43]   Chirag : Cool.Thanks. 🙂
[15:43]   Shai : next week can come by thur fri if 575 holds up
[15:44]   Chirag : Okay.Time to sign off.Thanks for sparing time for my request.Have a great weekend. 🙂
[15:44]   Shai : welcome. enjoy the break