OrderFlow charts and Notes 10/09/15

[09:26]   Uttam : shai support for Asian Paint, Reliance & TataSteel please
[09:32]   Shai : asian supp is lower at 789
[09:32]   Shai : is weak if it does not cross abv 810 in this hour
[09:35]   Uttam : thanks Shai Reliance support will be 848?
[09:37]   Shai : yes an tata stell at 227 for this open
[09:45]   Kathir : shai supp and resi for usd/inr positional please
[09:46]   Kathir : not intra
[09:47]   Uttam : yep tatasteel had placed SL @ 234 & it got hit so exited
[09:47]   Shai : same levels Kathir 66.46- 66.80- 67.14 weekly will not change
[09:47]   Kathir : ok thanks
[09:48]   Shai : I think we have tapped both extremes of that range so far
[09:48]   Kathir : yeah thats why I saked for any chnges
[09:48]   Kathir : asked
[09:48]   Shai : 66.73 is imp for intra day- is strong abv it all day
[09:48]   Shai : 66.93/ 67.01 intra res
[09:49]   Kathir : ok thank you
[09:50]   Uttam : Asian Paint trading above 810 so could expect strenth in this now? revise SL to day’s low?
[09:50]   Shai : yes
[09:51]   Uttam : thanks Shai 🙂
[10:14]   Ashish : Shai, IRB infra can be added to longs here?
[10:17]   Tejpreet : SHai HUL in the support zone of 789 if we go long now where would be the sl.
[10:26]   Shai : IRB let it confirm abv 222 to add then sl day lows
[10:27]   Shai : HLL daily is weak and trending lower with obj of 770
[10:27]   Shai : a close abv 777 is a contra long postn
[10:29]   Tejpreet : Thanks Shai.
[10:29]   Ashish : Thanks Shai
[10:31]   Nandesh : ur intraday view on Rcom and M&M finance
[10:39]   Shai : rcom has had a good run up but has res now at 65.2 intra
[10:39]   Shai : supp 62.2
[10:41]   Shai : what is the code for MM finance?
[10:42]   RK : if anybody is in pair trading, add TCS and hcltech in the pack..always goes north and south 🙂
[10:42]   Nandesh : M&MFIN
[10:42]   Shai : thanks
[10:42]   Tejpreet : Thanks RK will track the pair !
[10:44]   Shai : MM fin in that spike zone 232- 252
[10:45]   Shai : aroud 231 you can initiate postnl buy for 20 points with a small stop but intra is weak below 243 and may hit 236
[10:45]   Nandesh : thanks
[10:50]   RK : Shai BPCL ok for intra for 851 again above 838 now?
[10:58]   Shai : yes BP/ HP/ TCS doing good amongst the stocks we discussed on stocksheet
[10:58]   RK : yes
[10:59]   Shai : yes can gv 859 abv 838sup at 827 on intra
[10:59]   RK : thanks
[11:00]   Nandesh : where can i find stocksheet daily
[11:00]   RK : right hand bottom corener Documents link Nandesh
[12:16]   Tejpreet : look at the move in zee the moment it enters to fill gap no looking back .
[12:56]   RK : spike in Asian
[13:29]   Shai : suggesting a look at granules here turnaround in vols abv 113
[13:36]   Tejpreet : Tata motors big spike recovers 6% from lows …Shai need your views on tamo
[13:40]   Shai : wow
[13:41]   Shai : it’s done that 339- 351 alright need can do 359 with stop below 344
[13:42]   Shai : 359- 366 supply band
[13:43]   Tejpreet : Thanks Shai
[13:47]   RK : Shai Jub food off 100 from lows.what’s your view for longs here?
[13:52]   RK : its gone 🙂
[13:53]   Shai : maintain 170 on jubl
[13:53]   Shai : 1750
[13:53]   RK : ok
[13:54]   Shai : close abv 1620 is good
[13:54]   RK : fine
[13:55]   Nandesh : intr target of tata motor if nifty above KRA 7788
[14:36]   Shai : tata motors was give here – (13:41) Shai :it’s done that 339- 351 alright need can do 359 with stop below 344
[15:29]   Uttam : tatasteel gave a whipsaw 🙁 made a dip now closing above yesterday’s high

[08:55]   r m : Good Morning folks!
[08:55]   r m : http://vtrender.com/levels-and-plan-for-10th-sept-2/
[08:55]   Anay : GM rm and all
[08:56]   r m : http://vtrender.com/orderflow-charts-and-notes-090915/
[08:56]   Ashish : GM RM and friends
[08:56]   r m : http://vtrender.com/consolidated-orderflow-090915/
[08:56]   r m : Nifty SEP Future levels | Key Reference Area 7788 | Hypo1 above 7842➜7871➜7920 SL 7712 | Hypo2 below 7788➜7758➜7727 SL 7818
[08:56]   r m : Banknifty SEP Future levels | KRA 16500 | Hypo1 above 16710➜16817➜17000 SL 16610 | Hypo2 below 16500➜16392➜16262 SL 16615
[08:56]   r m : Hi Anay, Ashish
[08:57]   Moses : GM rm and all
[08:57]   Sumit K : GM rm
[08:57]   RK : GM Shai,RM and all
[08:58]   r m : Hi Sumit, RK
[09:00]   Chandrashekhar : Hi all
[09:01]   Porus : GM all
[09:02]   Vikkas C : HI Rm
[09:02]   Vikkas C : Gdmrng all
[09:03]   Koushik : gm all
[09:03]   Sharad : GM all
[09:04]   r m : Hi Vikkas
[09:07]   Rajasekharan : GM all
[09:07]   Augustin : GM all
[09:10]   Shai : GM all
[09:10]   Shai : another gap is what we are getting
[09:11]   Aayush : island reversal
[09:11]   Aayush : ?
[09:11]   Shai : 7725/ 16310 are the levels to watch for the open
[09:11]   Kathir : GM Shai RM all friends
[09:12]   Shai : if we stay below then we have to exit longs as NF can probe that 7600 again
[09:12]   Santosh : Gm all
[09:12]   r m : Hi Kathir
[09:13]   Girish : GM all
[09:13]   Shai : EOD data had no longs yesterday and our lo ng position in NF is contradictory now to that data
[09:14]   Shai : we will exit below the 7701F sl level and take 7500 puts again
[09:14]   r m : @Shai, that had no shorts either, so maybe NF trades the gap zone thoroughly today?
[09:15]   Shai : possible
[09:15]   Shai : 7701- 25 ref line
[09:17]   Augustin : @Shai – Can set SL for the positional Longs in system?
[09:18]   Shai : yes same 7701
[09:18]   Augustin : Ok
[09:20]   Kathir : @rm yest eve shai told guys should be ready early with fast fingers 🙂
[09:21]   Varun : drive rejecting vwao
[09:21]   Varun : this could get interesting
[09:21]   Varun : whts poc ystrday
[09:22]   Varun : 7824 probe possible
[09:22]   Kathir : 7824
[09:22]   Varun : if days lows stand
[09:23]   Varun : vwap +10/15 needed asap
[09:23]   Varun : buyers at vwap also
[09:24]   Naresh : The positional NF gave exit correct ?
[09:25]   Tejpreet : GM All.
[09:25]   Uttam : yep pos SL hit
[09:25]   Shai : yes Naresh exit triggered on NF
[09:26]   Anay : numbers in 30 min chart plz
[09:26]   Shai : NF pos exit triggered
[09:27]   Uttam : support for BNF?
[09:27]   r m : anomaly from 8th SEP reached so far in NF
[09:29]   Shai : 16310 was a weekly supp
[09:29]   Shai : intra at 16262/ 16177 now
[09:29]   Uttam : thanks Shai
[09:29]   Shai : more of an OAOR in 1st 15 mins
[09:29]   Kathir : 09:24 Kathir : wondering why 120 up yestday and 120 down today
[09:29]   Shai : mkt is still at open vwap
[09:30]   Kathir : 09:26 r m: Ours is not to wonder why … Lord Tennyson 🙂
[09:30]   r m : lol
[09:30]   Aayush : what is a good short level?
[09:30]   Shai : below 7701
[09:30]   Aayush : and BNF?
[09:30]   Shai : wait for pinks
[09:31]   Shai : 16262
[09:31]   Varun : shai whts this 10 lkh figure in vol pane
[09:31]   Varun : bottom right
[09:32]   Koushik : Shai where i the green and pink lines, the small vertical bars?
[09:32]   Kathir : 1011257 A ?
[09:36]   Kathir : @koushik see the pink line coming from top of 5 mins ..due to gap down it was invisible
[09:37]   Koushik : ok thanks
[09:38]   Shai : @Varun the high vol bars are now shaded and the blue line is the vol moving avg which will alert us for spikes in vol
[09:39]   Varun : cool
[09:39]   RK : mov avg of how many candles?
[09:40]   Shai : last 5 candles – condition is 1.6 times the vol seen on avg
[09:40]   RK : fine
[09:41]   Shai : so for the open hour it is high at 9.8 but should come down as day progresses
[09:42]   Shai : Aggressive short in NF at 7710- 15 sl of 7749 on day tgt 7660/ 7610. Trade a smlaeer size
[09:42]   Shai : smaller*
[09:43]   r m : @Shai, there is a relative volume indicator for NT in Bigmike, that compares the volume to same period in previous n number of days, like first 5 min volume will be compared with first 5 minute vol MA of previous days
[09:44]   Shai : yes there is 1
[09:44]   Shai : it is useful- I think they also have an avg of last 10 and last 20 days for same time of day
[09:44]   r m : if that kind is available for MD, that will be more useful specilaly in opening and closing minutes
[09:44]   r m : yes
[09:46]   Shai : this vol ma will do that job for us as it has historical data in it
[09:46]   r m : ok
[09:52]   Shai : Short idea in NF is based on the trend day of 08/09 – we rae back in the range there and proper sl is 7752 high of that day
[09:52]   Shai : if we stay in that range we can repair that profile and even hit that vpoc lower
[09:53]   Shai : a repair of the anomaly is strength for the move to 7950 if we stay abv 7558 by close today
[09:54]   Shai : above 7752 the NF can close the gap and hit that vpoc above at 7825
[09:54]   Uttam : we have anamolies @ 7656 & 7623 also right apart from the 7695 which got repiared today?
[09:54]   Shai : OAOR playing out
[09:54]   Shai : preferred view for intra like yesterday is going with the gap as they are single prints (invisible)
[09:55]   Shai : yes Uttam
[09:56]   RK : price action wise am looking at similarity of last thur and friday..
[09:56]   RK : thursaday gapup and friday gap down to drive deep
[09:56]   Uttam : so can we put reverse order @ 7752 to cover shorts & go long?
[09:56]   Shai : BN also ssame profile as 08/09
[09:57]   Shai : lookimg at 16128 repair
[09:57]   RK : 7869 was thur high and yday high was 7865
[09:58]   Rahul P : shai, i was asking yesterday evening….was it short……we all missed it
[09:58]   Rahul P : yesterday last 5 mins we saw heavy duty short entry
[09:59]   Shai : I see your point RK
[10:00]   RK : we continued that action on Monday to complete to low probe..
[10:00]   Shai : the profiles of 03 amd 09 are similar
[10:00]   Shai : and they both had sellers at the top
[10:00]   RK : I say similarity coz of the way stocks moving is also same
[10:01]   Rahul P : i think its the same seller we saw on 2 and 3 sept near 7860 and again yesterday at same price
[10:01]   RK : your macro level of 7850 probe if 7550 saved is helped to not exposing much to longs yday
[10:01]   Uttam : oh yes as it gapped down on 4th similarly it has gapped down today
[10:02]   Uttam : so can expect a b profile?
[10:03]   Shai : @ Rahul we could have been short but we closed at a POC and day was balanced so kind of neutral but the higher vlue made me go with a slight long bias as we had a gap below
[10:03]   RK : but there was no affirmative signal yday for shorts in any stocks..
[10:03]   Shai : I was positive all of tuesday for a move to 7795 infact we had a long also at 7720 for a last 30 min move
[10:04]   Shai : and we had long ideas from 7625 that day
[10:04]   Shai : but that clsoe of thurs was off for me as was yesterday close
[10:04]   RK : they all had a positive trigger tuesday and continued yday though had a lag in the move later part of the day
[10:04]   Rahul P : whats your view going ahead.for medium term ? Are we again heading towards 7560 probe ?
[10:04]   Shai : small margins but got clobbered both sides in terms of poetntial loss
[10:05]   Shai : potential gain**
[10:05]   r m : Filling the potholes 🙂 http://screencast.com/t/AF9Di0PC
[10:05]   RK : true Shai
[10:06]   Shai : Yeah for now we may trade upto 7560 even that 7510
[10:06]   RK : thanks RM for the chart..
[10:06]   r m : welcome
[10:07]   RK : now that 7860 seller is the key from 03rd and yday profile
[10:07]   Shai : 2 messy gaps but we have to take it on the chin and move on
[10:08]   Shai : if this helps – http://vtrender.com/levels-and-plan-for-9th-sept-2/
[10:08]   RK : 2nd contra gap always goes our way is the note from my old diary 🙂
[10:08]   r m : 🙂
[10:09]   RK : I mean 2nd consequtive 100 point gap againt prev trend..
[10:09]   r m : some people call that island reversal RK?
[10:09]   Aayush : if it holds for the day, we will have an island reversal rk ji
[10:09]   r m : Thanks Aayush
[10:09]   RK : if that too whips means, then hold trousers :))
[10:10]   r m : better to trade in shorts only (dress wise not postion wise) 😀
[10:10]   RK : RM maybe..no idea about candlesticks 🙂
[10:10]   r m : @RK, from old days when I used to throng all blogs in search of holy grail 😀
[10:10]   RK : RM heard you 🙂
[10:11]   Kathir : @Shai first 30 mins candle bottom 71500 is green and all day it is red 71500 ?
[10:18]   Vikkas C : shai isnt BNF seeing good buying here ??
[10:22]   Shai : yes Vikkas buyers are there
[10:23]   Varun : rk in short we trend with gap ???
[10:23]   Shai : but let them confirm over vwap
[10:23]   Vikkas C : ok makes sense 🙂
[10:24]   RK : VArun no major posn last evening as not intrested in longs..
[10:24]   RK : initiated Shorts in open today
[10:25]   Varun : buy abv ib high fr a quickie to poc @25
[10:25]   Varun : it will be quick n fast
[10:25]   Varun : else all down
[10:27]   RK : VArun no potential sellers in daily candle but many longs unwinding I can feel..If there is any upmove then we will see if we get any big sell nos at top
[10:27]   Varun : these 2 top buyers stuck at 20
[10:28]   Varun : in 5 mins
[10:28]   Varun : lets see wht response thy get
[10:30]   Varun : sos
[10:31]   RK : buyers intrested here above VWAP
[10:44]   Varun : can see around 17 lakh buying, kahan ja rahi hain yeh saari buyin
[10:44]   Varun : in full day of
[10:46]   Shai : Varun last 2 days big sellers in this zone
[10:46]   Shai : so could be a covering
[10:46]   Shai : refer to the consolidated chart
[10:46]   Vikkas C : shai arent we making a B shape profile today ?
[10:46]   Varun : as in eod consolidated
[10:46]   Varun : in blog
[10:47]   Shai : Vikkas it is more of an OAOR
[10:47]   Vikkas C : ok
[10:47]   Shai : break below dval is the trigger for a new move conf below IBL
[10:48]   r m : (*** Private to Vikkas C) Did you try that TPO chart template I mailed you?
[10:48]   Shai : Yes Varun
[10:52]   Bhagya : No selling till 7690 breaks. Even though markets are weak for day trade I see very poor trade placement selling here.
[10:52]   Bhagya : selling in range of 7765-78 is a good level. At current levels I will buy with stoploss of 7695 for target of 7765-78
[10:53]   Bhagya : is my reading right shai?
[10:56]   Shai : I read it slightly differently – feel they are weak here below 7748 and if 7685 breaks we may fall to 7600/ 7560
[10:56]   Rahul P : agree with you shai
[10:58]   Bhagya : I also say markets are weak but selling here for day trades are not good trade placement
[10:58]   Tejpreet : Shai incase of spike go short arounf 7740 with sl 7758 would be ok.
[10:59]   Tejpreet : here it comes.
[11:01]   Prakash : spike in china
[11:12]   Anay : @Shai where is current series vwap for NF?
[11:13]   Vikkas C : 7780 i think anay
[11:14]   Shai : 7807 spot sept devl vwap
[11:14]   r m : http://tinyurl.com/NiftySpotSEP
[11:15]   Anay : Thanks 🙂
[11:18]   r m : NF SEP – http://screencast.com/t/Wyvm2lbNTB
[11:23]   Anay : Thanks rm 🙂
[11:24]   Anay : so next attempt above 7810 can take out 7860 🙂
[11:24]   r m : welcome 🙂
[11:27]   Uttam : Shai wot will be the levels to exit BNF shorts?
[11:27]   Uttam : on the upside that is
[11:27]   Uttam : SL for shorts
[11:30]   Shai : 16360
[11:30]   Uttam : thanks 🙂
[11:30]   Shai : OrderFlow is showing dip buyers in NF and BNF so far
[11:31]   Shai : It does look like the shorts of tuesday are making an exit
[11:36]   Girish : After the morning lows, BNF’s attempts to cross 16330 is negated so far.
[11:41]   Shai : yes some selling at the top of the bar
[11:52]   Shai : bueyrs are picking up vwap in NF
[11:52]   Shai : we have to exit the short trade on next trip to vwap
[11:53]   Uttam : which is around 7720 exit shorts?
[11:55]   Shai : yes
[11:57]   Shai : Exit the NF short trade 7725-30 here- we will go flat
[11:58]   Uttam : done…BNF also exit of have the same SL 16360?
[11:59]   Shai : yes
[11:59]   Shai : let’s wait
[11:59]   Uttam : yes to have the same SL right?
[11:59]   Shai : abv 7752 is a gap fill + 7825 trade with sl fo 30 points
[12:00]   Shai : below 7685 short for 7625
[12:00]   Shai : NO I meant exit
[12:00]   Uttam : oh ok thanks
[12:00]   Uttam : he he SL hit anyways now 16360
[12:01]   Uttam : time to go long?
[12:02]   Uttam : big sellers in NF on top?
[12:04]   Anay : vwap band not expanding much
[12:06]   Sumit K : Shai – lot of greens today
[12:09]   Shai : yes
[12:10]   Shai : Keep an NF buy order near 7748 sl of 7719 tgt 7775/ 7788
[12:10]   Bhagya : my targets came
[12:11]   Shai : 7740- 48 is the buyer who is lifting this up
[12:12]   Bhagya : shai sir am I right
[12:12]   Shai : Yes Bhagya +1
[12:14]   Hemant : well done Bhagya 🙂
[12:16]   RK : Shai DD in sight?
[12:17]   Shai : yes could be into the close
[12:17]   Shai : 7725 supp
[12:19]   RK : looks like entire room’s shorts covering made that upmove..what a timing! 🙂
[12:20]   Tejpreet : ;0
[12:20]   r m : 🙂
[12:21]   Rahul P : @ shai, what is the pink line tower shown here with red and green stripes ?
[12:22]   Shai : next to price?
[12:23]   Shai : 12.00 pm buyers have to work again
[12:23]   Rahul P : above 5 mins delta
[12:23]   Shai : that is vlume
[12:26]   Shai : really important next 30 mins here as we look to auction the gap
[12:26]   Shai : could be the difference between a weekly close at 7850 or a close near 7660/7600
[12:29]   Shai : technically the 2 spike bars of 5 min each should be the play here hence the long at 7748 IBH
[12:30]   Shai : 7737- 7774 is the 10 min spike and should be traded end to end
[12:35]   Uttam : 7783 is yesterday’s low so that needs to cross & sustain for 7825 Shai?
[12:36]   Kiran : What is the blue in 5 Min volume pane ?
[12:40]   r m : sky blue horizontal lines are POC of that bar
[12:41]   Kiran : rm, in volume pane, dark blue line above bars .
[12:41]   Kiran : above delta
[12:41]   RK : Kiran MA of vol of last 5 candles
[12:42]   Kiran : thank RK.
[12:42]   r m : oops, Thanks RK
[12:42]   Kiran : thanks rm
[12:43]   r m : @Kiran, galat batane ke liye bhee? 🙂
[12:43]   Kiran : try is important,
[12:44]   r m : 🙂
[12:55]   Shai : exit the NF buy at 7745 here near cost.
[13:01]   Bhagya : shai for me nifty now looks good still.
[13:02]   RK : Yes until VWAP holds
[13:03]   RK : drive failed above VWAP and IBH..but once back to below VWAP means ugly
[13:03]   RK : *morning drive down failed above VWAP move
[13:04]   Shai : not sure now- we gave it enough time to stay abv IBH
[13:04]   Shai : below vwap it will be a crack
[13:05]   RK : only that 7720 buyer can save rest all neutralised now
[13:05]   Chandrashekhar : shai can we pls limit sell order below vwap?
[13:05]   Shai : can
[13:05]   Shai : could be a neutral extreme if we trade below vwap again
[13:06]   RK : and once again BNF looks good if at we go down..
[13:06]   RK : Shai may be back to 16100?
[13:06]   RK : *if at all we go down
[13:06]   Shai : 16310- 340 still a support
[13:07]   RK : ok
[13:09]   Shai : that long trade is still valid with sl below vwap but risk increased
[13:10]   Koushik : we exited the long right around 7740-42?
[13:10]   Varun : shai cn 2 typo line also be an extension handle
[13:10]   Koushik : r we buying again?
[13:11]   RK : Koushik yes exit done but still valid now if we are ready for increased risk
[13:11]   Gaurav : Am holding with vwap sl still
[13:11]   Koushik : ok
[13:11]   Gaurav : target 7775?
[13:12]   Shai : yes
[13:12]   Ashish : Shai, USD/INR also @ VAH.
[13:13]   Vikkas C : shai can we get into 7600pe here ?
[13:13]   Vikkas C : or ard 7775
[13:14]   Shai : Yes Varun
[13:14]   Varun : thanks shai
[13:14]   Shai : Vikkas wait
[13:15]   Vikkas C : ok
[13:16]   Shai : yes Ashish
[13:27]   Bhagya : seller at 7770 holding tight. But if he gives up, 7803 on cards for the day
[13:28]   r m : Brilliant Bhagya! congrats 🙂
[13:28]   RK : I think these two spikes will take it over moon 🙂
[13:29]   r m : Jupiter is more in fashion with our charming prince 🙂
[13:30]   Shai : vol surge at 7789
[13:31]   Shai : if it crosses 7789 go long for 7815 and 7842
[13:31]   RK : RM 🙂
[13:35]   Anay : vwapup figure is different in the table and chart
[13:38]   Kathir : vwapup is the price of vwpa band …
[13:38]   Shai : can be off by 2 points as diff is in tick refresh and 1 min refresh
[13:38]   Kathir : oh sorry misread
[13:38]   Anay : all right. thanks 🙂
[13:38]   Gaurav : Booked Long trade here. Can re-enter over 7790 Shai?
[13:39]   Shai : yes
[13:39]   Gaurav : Thanks
[13:41]   RK : something big is ahead 🙂
[13:42]   Kathir : @RK close @ 7660 🙂
[13:46]   RK : Kathir not in today’s context..but in next few sessions
[13:46]   Kathir : ok then give us 7860 noe DR
[13:49]   RK : Kathir way of travel is known but destination unknown 🙂
[13:49]   Kathir : ok done
[13:54]   Kiran : Shai in 30 TF FP chart , what is the time diff between POC level change pf the candle ? Is it every minute or once in 5 min ?
[13:54]   Kiran : pf – > of
[13:57]   Shai : POC is the highest volume so does not relate to a TF, but computation is fastest on 5 mins then 30 then all day
[13:57]   RK : bulls are doing bad sine morning
[13:59]   Anay : K period about to begin 😀
[13:59]   Kathir : @RK they are tired saving vwap 🙂
[13:59]   RK : someone waiting for K period with all the eagerness in the world 🙂
[14:00]   r m : K-Trader 🙂
[14:00]   RK : 🙂
[14:00]   Varun : these maharashtra guys big fans ekta kapoor n all 😉
[14:00]   Anay : 🙂
[14:00]   Varun : in love with k
[14:00]   Shai : another vol spike at vwap
[14:00]   RK : ok now someone pls tell me who is stuck today buyers or sellers 🙂
[14:00]   Uttam : all are stuck today 😉
[14:01]   Kathir : yeah 🙂
[14:01]   Uttam : khichdi it has become
[14:01]   Kathir : come on bulls ….
[14:01]   Uttam : but guess sellers getting the final move, could be a killer one
[14:02]   Aayush : is it still a short trade below VWAP?.
[14:04]   Shai : yes can short 7765 sl
[14:04]   Shai : tgt 7685
[14:06]   Kathir : @shai give me 7660 7685 not enough 🙂
[14:08]   Kiran : Shai can BNF target 16335 that gap in MP
[14:08]   Shai : yeah there is res at 16450
[14:08]   Shai : 16550*
[14:09]   Kathir : @shai more weaknes below poc now ? nf
[14:09]   Shai : Agree Uttam has not been a high conviction type day
[14:10]   Uttam : 🙂
[14:13]   Shai : In the morning the shors were closing at the gap down, but now they are back at highs
[14:13]   Shai : shorts*
[14:15]   Uttam : below 7720
[14:15]   Shai : (14:14) Shai :a 40 point trade is there to 7680 or 7685 below 7720 with sl of 7748
[14:15]   Shai : if that is short covering below 7720 then it may not resist the price probe
[14:16]   RK : Shai dont get your last comment..are you referring morning short covering?
[14:16]   Shai : yes morning short covering
[14:17]   Shai : (11:30) Shai :OrderFlow is showing dip buyers in NF and BNF so far(11:31) Shai :It does look like the shorts of tuesday are making an exit
[14:17]   RK : ok as shorts are reduced, you mean below 7720 it would be smooth probe..
[14:18]   Shai : If they were buyers they would come to defend, but I presume they are short covering
[14:19]   RK : got it
[14:20]   Uttam : we can place a limit sell order shai?
[14:23]   Shai : no don’t
[14:23]   Shai : trade mkt only on reds there
[14:23]   Uttam : ok
[14:23]   Shai : it is currently green so we need counter reds t go down
[14:30]   Shai : Nifty is looking tired now to move either way- vwap close ?
[14:30]   Shai : we will watch the OrderFlow of the last 10 mins for cues into tom
[14:31]   RK : pls pls 🙂
[14:31]   Shai : last 2 days have been gap days
[14:31]   Uttam : yep
[14:31]   Vikkas C : messy day today 🙂
[14:32]   Uttam : lots of reds though price going up
[14:33]   Vikkas C : and with that MTM & BP also going up 😛
[14:34]   Shai : reds are abv 7765 greens below 7720 this zone is neutral now
[14:34]   Shai : mostly white on chart
[14:34]   Uttam : yes right
[14:34]   Kiran : poor high NF.
[14:34]   Kiran : ?
[14:35]   Shai : yes poor high
[14:39]   Uttam : Shai, can we go long above 7790 even now if it goes there?
[14:40]   Girish : BNF struggling to clear 500-540 levels?
[14:42]   Shai : Yes Uttam
[14:42]   Uttam : ok thanks
[14:42]   Shai : 570 is the POC of last week
[14:42]   Varun : shai nice spot vol spike @poc
[14:42]   Varun : nice one
[14:42]   Uttam : but need to get out today itself right as we may have a spike at close today?
[14:43]   Shai : @Varun that qualifying line now gives us reference all day in blue
[14:44]   Varun : and it will highlight
[14:44]   Varun : as it is now
[14:45]   Shai : yes
[14:45]   Varun : and whts the parameter for tht blue line
[14:45]   Shai : I’m seriously waiting for the day to end today so I can pull out all the data 🙂
[14:45]   Shai : 1.61 times previous 5 min bars x 4
[14:45]   RK : to do postmortem of the volatility Shai? 🙂
[14:46]   Varun : so nw we dont need to wait for 4 lakh
[14:46]   Varun : to touch
[14:46]   Varun : on a low vol day
[14:46]   Shai : yes
[14:46]   Shai : it will work on low vol and high vol days
[14:46]   Varun : hmmm
[14:46]   Varun : good
[14:46]   r m : great!
[14:47]   Varun : fake spikes can be avoided now
[14:47]   Shai : yes RK 🙂
[14:47]   Shai : mystery box today
[14:48]   Varun : shai like if we close at top
[14:48]   RK : pls do some tweets with your conclusion
[14:48]   Shai : sure
[14:48]   Girish : @shai – longs above DH on BNF ?
[14:49]   Shai : Girish bear 16310/340 is a long trade with sl of day lows for a possible 16570/ 16840 tom
[14:49]   Shai : or abv 16570
[14:49]   Shai : near**
[14:49]   RK : I believe grind part is over by today or max tmw and then some good moves..these kind of gaps and intra volatility is to make sure that there is no traffic when such directional moves happen
[14:50]   Girish : ok, Shai
[14:50]   Shai : yes
[14:50]   Shai : this kind of voltility means directional move agead
[14:50]   Shai : ahead
[14:50]   Kathir : @RK may till fed meet is over
[14:50]   Uttam : aane do 🙂
[14:51]   Shai : actually it was a quiet day till that 12- 12.10 buyer spiked it up
[14:51]   RK : Kathir I think we will have one good move before Fed and again some whips around Fed
[14:51]   Varun : continue
[14:51]   Varun : if we end a t day high
[14:51]   RK : yep
[14:51]   Varun : will it be 1-3-1 day
[14:52]   Varun : tails on both siades
[14:52]   Varun : sides
[14:52]   Vikkas C : whats a 1-3-1 day varun
[14:52]   Kathir : rk ok
[14:52]   Varun : let shai answer
[14:52]   Varun : will explain
[14:52]   Vikkas C : ok
[14:52]   Shai : 3-1-3
[14:52]   Shai : think value in midle and rejection at extremes
[14:53]   Varun : thts y said if we close a ttop
[14:53]   Varun : like a filter abv top
[14:53]   Shai : possible if we stay abv IBH
[14:53]   RK : my GF with such price action of today, 7950 looks dull without a dip below today’s low..tmw open may give some more confirmation..
[14:54]   Varun : my point is we opened gap down but did extend gap with trend
[14:54]   Varun : even after staying thr within ib
[14:54]   Varun : so path of least resisitanc is up
[14:54]   Varun : so hell breaks loose below today’s low
[14:54]   Varun : and rotation upside
[14:55]   Varun : need to clear yesterday high
[14:55]   Varun : fr major break up
[14:55]   Varun : shai cn u shift today profile slight up
[14:55]   Varun : so we can compare with yesterday
[14:56]   Uttam : we have a poor high today but the low is of single prints right?
[14:56]   Shai : smooth path abv today highs to yesterday highs
[14:56]   RK : I look at this as, we closed above VAH 2 days and today opened and traded all day below value..probe to entering value was rejected..so one attempt tmw below today VAL and if its rejected then up..
[14:56]   Shai : smooth path below today lows aslo as structure is weak 🙂
[14:57]   Shai : RM the wizard planned all this in the morning 🙂
[14:57]   RK : Shai lol..people see what they want to see 🙂
[14:57]   r m : lol
[14:57]   Varun : i wanan see money 😉
[14:57]   Tejpreet : 🙂
[14:57]   r m : @Varun, Kidhar hai, Kidhar hai? 😀
[14:57]   Varun : give me 20 points
[14:57]   Shai : no just remebered something he posted early morning
[14:57]   RK : Varun If I wanna see money then probe it to lows..all shorts 🙂
[14:58]   Varun : nw tht makes things very compkicated
[14:58]   Varun : complicated 😉
[14:58]   Shai : (09:14) r m:@Shai, that had no shorts either, so maybe NF trades the gap zone thoroughly today?
[14:58]   Varun : my bias is up
[14:58]   RK : mine is swing so you can take 20 points now by closing at highs but gap it down tmw 🙂
[14:59]   Varun : joint tpo still 7824
[14:59]   Varun : ?
[14:59]   Varun : poc
[14:59]   RK : that 12.30 candle is the pivot tmw if we dont gap much
[14:59]   Shai : @ Varun the long case needs a lot of work cos when they had a chance yesterday they did not build on it
[14:59]   Varun : but shorts had a lovely trap today
[14:59]   Varun : they shld hve butchered the bulls today
[15:00]   Shai : hmm
[15:00]   Varun : and just by basic look we r trading abv where we opened
[15:00]   Varun : lets see
[15:00]   Varun : position speaks
[15:01]   r m : lol
[15:01]   Shai : well it is a 2 day DD
[15:01]   Shai : both failed
[15:01]   Varun : ya
[15:01]   Shai : buyers y;day and sellers today
[15:02]   Uttam : so its even stevens & all to play for tom 😉
[15:03]   Varun : i hvae a feel if we close at highs we get a gap up tmrw
[15:05]   RK : but finally a day where people are divided into opinions atleast in social media..not like other days with one side sweeps 🙂
[15:05]   RK : about further target
[15:05]   Varun : so wht does it do, does wipsaws entire day
[15:05]   Varun : 😉
[15:06]   Varun : clever chap he/she./it is
[15:06]   RK : 🙂
[15:07]   Kathir : @RK 8240 possible this month ? 🙂
[15:07]   r m : Now bulls will take it up in darkness with help from ES 🙂
[15:08]   RK : Kathir noway can say such wide targets :)..cant even think abt tgt of tmw open 🙂
[15:09]   RK : ok VArun all yours 🙂
[15:09]   Tejpreet : Paisa aaya 7800 call 14 points …old jungle saying when varun asks for 20 points at closing market has to oblige.
[15:10]   r m : lol
[15:10]   Uttam : the spike is here
[15:10]   Gaurav : Varun superb this was
[15:10]   r m : everyone remembers Jungle here, looks like these guys read too many phantom comics 🙂
[15:11]   Shai : Nice 1 Varun
[15:11]   r m : vow, touched VAL
[15:11]   Tejpreet : Yeah loved phantom …til saif ali f##### it up.
[15:11]   r m : lol
[15:11]   Varun : cn any one pull out my 9.20 comment
[15:12]   Varun : nt boasting
[15:12]   r m : luckily I did not watch Saif Ali )
[15:12]   Anay : haha
[15:12]   Varun : but gf was 7825 wil be probes
[15:12]   Uttam : exit longs @ 7825? Shai?
[15:12]   Shai : yeah
[15:13]   RK : I still feel bulls are inviting trouble with this spike…Spike is noisy and noise wont stay 🙂
[15:13]   Shai : (09:22) Varun :7824 probe possible
[15:13]   Shai : that 1?
[15:13]   Varun : yup
[15:13]   Varun : cos alex told me gaps without reason normally fill up
[15:14]   Varun : and 45 degree was in play
[15:14]   Varun : if ib failed downside
[15:14]   Shai : this is a spike
[15:15]   Shai : and bulls have made the job difficult for them selves tom
[15:15]   RK : I look at the entire day as spiky day..
[15:15]   Varun : shai bulls safe cos comnbined poc is up
[15:15]   Rahul P : shai, can u plz explain your statement ?
[15:15]   Uttam : they just need to open above the spike right Shai?
[15:15]   Varun : spike has an issue if poc very far
[15:15]   Rahul P : Did not understand the logic behind that
[15:16]   Varun : lets see tmrw
[15:16]   Uttam : but they have 7830 / 7865 just above it
[15:16]   Uttam : lets have a gap up above 7865 tom 😉
[15:16]   Shai : has to stay abv spike highs tom
[15:16]   Varun : yup
[15:17]   Tejpreet : Shai tempted to sell 8100 call now at 44 …or wait for tmrw.
[15:17]   Shai : 14 mins 7842 also can come
[15:17]   Koushik : shai — suld i carry the nifty or book here, bot 7900 ce actually
[15:17]   Shai : book
[15:17]   Shai : book if intra long
[15:17]   Shai : 7822 poc is good enough
[15:18]   Koushik : ok thnx , ya got arnd 12 option points
[15:18]   Koushik : i traded the 7789 thing
[15:19]   Shai : cool
[15:19]   Uttam : same here entered @ 7790 & exited @ 7810
[15:20]   Kathir : vwlo did not moving up?
[15:20]   Rahul P : @ shai, can u plz check why reds not appearing on 5 mins OF even though 30 mins hsowing red
[15:20]   Kathir : still at 7660
[15:20]   Uttam : so tom open above today high will give us good move?
[15:20]   Varun : we have an extension handle finally
[15:20]   Varun : 7790 all lon stops fr tmrw
[15:20]   Uttam : what is an extension handle?
[15:20]   r m : 2IB
[15:20]   Varun : and it beocmes the spike low also
[15:21]   r m : BNF can’t rest till 15:30, it is in a marathon 🙂
[15:22]   Varun : nf now going wild
[15:22]   Varun : wht if it does yesterday high
[15:22]   Varun : 😉
[15:22]   Naresh : Europe cuts losses and US fut from neutral to +100 . may be some news ?
[15:23]   Naresh : any btst ?
[15:24]   Shai : No Naresh we will stay quiet tonight
[15:25]   Naresh : Ok 🙂
[15:25]   Uttam : tom if we open above today high all possibility of getting past 7865 then 7920?
[15:26]   Shai : yes
[15:26]   Shai : globe also zoomed
[15:27]   Kathir : 8100 ce doubled 25 to 50 🙂
[15:28]   Tejpreet : same 8200 14 to 28
[15:28]   Kathir : wow
[15:28]   RK : tmw going to be another hectic day
[15:29]   Tejpreet : on top of that it is a fryday
[15:30]   Vikkas C : bye all
[15:30]   Shai : 7831 close
[15:30]   Shai : avg will be lower
[15:30]   Shai : bye all
[15:30]   Koushik : bye
[15:30]   Uttam : see you all have a nice evening
[15:30]   Shai : have a nice evening
[15:30]   Tejpreet : Bye All
[15:30]   Porus : bye all
[15:30]   Kathir : thanks and bye all
[15:31]   r m : Thanks and bye folks, have a great evening 🙂
[15:31]   Girish : cheers everyone !
[15:32]   Anay : bye all