Orderflow charts and Notes 10/10

[09:00]   r m : Good Morning folks!
[09:00]   r m : http://vtrender.com/levels-and-plan-for-10th-oct/
[09:03]   Porus : GM
[09:06]   Manik : GM rm porus
[09:07]   Sharad : GM all
[09:07]   r m : Hi Porus, Manik, Sharad
[09:08]   Sharad : so noe Negative delta of yesterday NF will show its power
[09:08]   Sharad : now
[09:08]   r m : yes
[09:08]   Porus : USD to the rescue too !
[09:08]   r m : BNF positive delta of no avail!
[09:09]   Kathir : Good morning RM sharad porus mani and and all friends
[09:09]   r m : Hi Kathir 🙂
[09:09]   Sharad : what time infy result ?
[09:09]   Sharad : Hi Kathir
[09:10]   Clay : gm all
[09:11]   r m : normally infy declares results before market open, Sikka has changed that practice it seems
[09:11]   Sharad : yeah
[09:12]   Amit J : its good practice
[09:12]   Manik : something big is on the way ???
[09:13]   Sumit : gm everyone
[09:13]   r m : @Manik, IIP numbers after market
[09:13]   Narendra : @rm what would be the price of 7900 pe if nifty opens at 7925
[09:14]   r m : 81 going by yesterday’s volatility
[09:16]   r m : 7910 cometh
[09:18]   r m : today market opened out of Hypo’s range!
[09:19]   r m : 15630 could be a support, that was the last target of bnf hypo1
[09:24]   Kathir : nf 7910 shaould be the support here
[09:24]   r m : yes
[09:25]   Kathir : bnf 15440 ramge is the support but way far
[09:26]   r m : just one day’s work it was on the way up 🙂
[09:26]   Kathir : 🙂
[09:27]   r m : but the buyers above 445 from yesterday may make their presence felt – provided they did not get out at 869 yesterday
[09:30]   r m : 7883 next target
[09:30]   Kathir : @rm we all request shai to give 3 or 4 hypos for this market to trade 🙂
[09:31]   r m : take yesterday’s – those levels were not traded due to gap up 😀
[09:31]   r m : it was – below 7883 > 7855> 7790-96 (stop 7910) 🙂
[09:32]   Kathir : ok
[09:32]   Kathir : for bnf?
[09:33]   r m : BNF was too far below – below 15450 > 15227-240 > 15101 > 15051
[09:33]   Kathir : ok ge thanks
[09:34]   r m : BNF should find it tough to go below PDL, there was good buying yesterday
[09:35]   r m : 15480-15550 happened within first minute yesterday, maybe that area will auction today
[09:36]   Kathir : ge what is the SL for nf short below 83
[09:36]   Sumit : crashing fast
[09:36]   r m : 7910
[09:36]   Kathir : 910?
[09:36]   Kathir : ok
[09:37]   Kathir : vwap band expanding fast
[09:37]   r m : yes, good volumes
[09:38]   Kathir : infy 5 % up
[09:39]   r m : http://tinyurl.com/oeauabn
[09:39]   r m : infy results better than expected
[09:40]   Sumit : declared?
[09:40]   r m : yes
[09:40]   Sumit : ya, Q2 profit up 3.4%
[09:40]   Sharad : wow very good results… can go to 4000 ?
[09:42]   Sumit : due to global crash, market not celebrating infy results
[09:42]   Kathir : @rm monday there were some buyers for nf in that 7870 range is it
[09:43]   r m : yes 7870 was a big support, turned into resistance and maybe back to support now
[09:43]   Kathir : ok
[09:44]   Kathir : now vwap @ 7907 so above 7913 7936 possible?
[09:44]   Sharad : 1: 1 bonus infy
[09:45]   r m : yes Kathir, delta improving in NF
[09:45]   Kathir : val is at 7939
[09:46]   Kathir : can we use his 7910 as sl for shorts from here ?
[09:46]   r m : yes, if vwap crosses shorts are in danger
[09:46]   Kathir : we have to note vwap band downside expanding fast
[09:47]   Kathir : both nf and bnf
[09:48]   Sumit : rm, val to vah in bnf 🙂
[09:49]   r m : yesterday was a trend day in BNF, so VA is very large, POC at 15630 will be a ralistic target
[09:49]   Amit J : 70 and 200 Pts IB
[09:50]   r m : BNF vwap yesterdy was at 15716, that comes next
[09:50]   Sharad : IB not fixed yet
[09:50]   r m : IB fixation going on 😀
[09:50]   Amit J : but look at size still
[09:50]   r m : yeah
[09:52]   r m : @Sumit, do you take green below vwap too? If yes, does it need adjustment of trade size? Asking because green below vwap and pink above vwap are less successful
[09:55]   Sumit : if market is still between 15-20 points, then I do not trade. other than that I usually take all green pink,.
[09:56]   r m : ok, thanks
[09:57]   Sumit : *not all but most. I stya out if Shai suggest a level to cross or vwap is offering resis/support
[09:57]   Sumit : *stay
[09:57]   r m : yes, that makes sense
[09:58]   Sharad : green NF
[09:59]   Sumit : like right now I am not taking. vwap and dpoc are close and market not making big candles
[09:59]   r m : right
[10:00]   r m : guess you will jump in if vwap is taken out in BNF?
[10:00]   Sharad : buy above 7908… previous swing high
[10:00]   r m : Thanks Sharad
[10:01]   Sumit : no. because its been green for long time. and very volatile
[10:01]   r m : ok
[10:02]   Kathir : @RM now only jumping oppurtunity is nf short as SL is near 🙂
[10:02]   Kathir : or even 7800 pe with same sl
[10:02]   r m : yeah!
[10:03]   Kathir : some buyers fighting to cross vwap now
[10:04]   Sharad : INFY 52 week high
[10:04]   Kathir : wow
[10:04]   Kathir : sharad any views for usd/inr supp resi now
[10:04]   r m : keeping nifty down would be tough with infy’s relentless march
[10:04]   Sharad : great result with bonus ..surely cross 4000
[10:05]   Kathir : monday infy acted the other way for nf 🙂
[10:05]   Sharad : no Kathir very mix up… but support 61.01 and res 61.60 both very far
[10:06]   Kathir : 1:1 bonus means people who have 10 shares will get another 10 free is it?
[10:06]   r m : yeah, BNF bears the brunt more because it is the only well traded sectoral index, poor banks have to pay thru their nose for infy’s acrobatics 🙂
[10:06]   Kathir : @sharad thanks
[10:06]   Sharad : yes Kathir
[10:07]   Kathir : oh great
[10:08]   Sharad : and price will reduce to half
[10:08]   Sumit : rm, did you see larger OF in either nf or bnf
[10:08]   Kathir : oh ok
[10:08]   Sumit : yesterday nf OF was at 7910. with market going up, should hv appeared by now
[10:08]   r m : @Sumit, no man I see the same charts as you 🙂
[10:09]   Sumit : 🙂 in case I missed it
[10:09]   r m : no, you did no
[10:09]   r m : not
[10:09]   Sharad : bot NF above previous swing high and green
[10:09]   r m : but yesterday large OF triggered the twitter call for buy at 7949
[10:10]   Kathir : bnf above vwap
[10:10]   Sumit : ok. also I hv noticed change in OF. more like step behaviour and red lines. earlier fast moving red blue was good
[10:11]   Sharad : NF delta 230 highest
[10:11]   r m : @Sumit, yeah now large OF looks more like a Zebra 🙂
[10:11]   Kathir : 🙂
[10:11]   Sumit : 🙂
[10:12]   Sumit : will ask Shai to look into settings again
[10:20]   r m : @Sumit, there should be an audio alert too associated with pink-green to wake us up 😀
[10:20]   Sumit : 🙂
[10:21]   Kathir : @rm it will be better if that audio says how many points profit we get 🙂
[10:21]   Sumit : and trade for us as well 🙂
[10:21]   Kathir : lol
[10:22]   r m : I’ll prefer direct money transfer to adhaar linked account 😀
[10:22]   Kathir : 🙂
[10:23]   Sumit : 🙂
[10:35]   Kathir : pink in bnf
[10:36]   r m : yes, still hugging vwap
[10:40]   Sumit : rm, OF wave was right in front of our eyes and we mised it
[10:41]   r m : 😀
[10:41]   r m : chiraag tale andhera 🙂
[10:43]   r m : Translation for Kathir – “There is darkness at the base of the lamp” 😀
[10:43]   Kathir : ok 🙂
[10:43]   Sumit : glasses on your forhead and you are looking around 🙂
[10:44]   r m : 🙂
[10:44]   r m : that happens very frequently with me
[10:44]   Sumit : 🙂
[10:45]   r m : NF green is very stubborn!
[10:49]   r m : BNF’s OF was below 15375 on 8th OCT, so it must still be buried deep
[10:50]   Sumit : yes
[10:51]   r m : that 375 buy call went up to 869!
[11:08]   r m : NF has gone into meditation!
[11:09]   Kathir : delta 330
[11:09]   Kathir : bnf -25
[11:10]   r m : that BNF pink gave 40 points
[11:21]   Sumit : algo again
[11:21]   r m : yes
[11:25]   r m : big volumes at low in BNF
[11:43]   Sharad : delta 440… god knows who is buying or waht
[11:43]   r m : 🙂
[11:44]   r m : Traders may be keeping that secret from even God 🙂
[11:44]   Sharad : true
[11:47]   Narendra : yesterdays short getting covered
[11:57]   Narendra : charts not refreshing or some issue from my side
[11:58]   r m : ok here
[13:09]   Sharad : pink in both
[13:11]   r m : turning green now
[13:11]   Amit J : banknifty is pinkish green
[13:12]   r m : BNF trading above POC now, maybe it will grant yesterday’s vwap now
[13:33]   Amit J : @Rm if banknifty test high than failed acution at 15502
[13:34]   r m : yes
[13:36]   r m : then we should have a good support if 500 stays next week
[13:36]   Manik : we had some sellers 15630 yesterday also
[13:37]   r m : 630 was POC so max volume traded here yesterday
[13:38]   r m : yesterday IBH was 650, above that good chances of going back to PDH
[13:38]   Manik : ok
[13:39]   r m : though delta in BNF is not showing any agressive buyers today, guess it is being used to balance infy
[13:58]   Mandar : Good afternoon All. Buy oct 8200 ce. no stoploss. if BJP forms govt on its own or with alliance in Maharashtra/Haryana nifty can test 8350.
[13:59]   r m : Good idea!
[13:59]   r m : Good Afternoon too 🙂
[13:59]   Mandar : Hi Rm 🙂
[14:00]   r m : Hi Mandar 🙂
[14:00]   Sharad : when is result ?
[14:00]   Mandar : 19TH OCT
[14:00]   r m : 19th
[14:00]   Sharad : its too far
[14:00]   Sharad : today IIp
[14:00]   r m : yes
[14:01]   Sharad : IIP what is forecast good or bad?
[14:02]   Sharad : BNF holding vwap dpoc
[14:02]   r m : previous 0.5%, expectation 2.4% (YoY)
[14:02]   r m : investing.com
[14:02]   Sharad : it is good then
[14:03]   r m : better than 2.4% will be good
[14:03]   Sharad : ok
[14:03]   r m : 2.4% should be in the price
[14:04]   Sharad : if less than 2 then…
[14:04]   r m : then FA revisit 🙂
[14:04]   Sharad : what price
[14:04]   Sharad : NF and BNF both
[14:04]   r m : CPI at 17:30 on 13th OCT
[14:05]   Amit J : I think some problem in IB area
[14:05]   r m : WPI at12:00 on 14th OCT
[14:08]   Amit J : 685 tested now was high of the day
[14:08]   Amit J : also nifty IB colur is not showing
[14:10]   r m : IB was 7877/7935
[14:12]   Amit J : yes colour is diff na for IB
[14:14]   r m : yes, there should be a colored bar in MP
[14:15]   r m : here D is showing up to 7948, maybe a freak opening tick
[14:15]   r m : D & E letters in MP make up IB
[14:16]   Sumit : in my system showing 7948 has nf high
[14:17]   r m : ok, my capture software failed again 🙂
[14:17]   Sumit : zerodha 🙂
[14:18]   r m : Zerodha is showing 7948 but i use a utility to capture data from there and inject it into Ninjatrader 🙂
[14:18]   Sumit : ok
[14:18]   r m : that utility never captures freak ticks!
[14:19]   r m : buyers trying to protect VAL
[14:25]   Amit J : so many sellers in BN since morning but it is breaking vwap and poc
[14:26]   r m : adv/dec is also negative today
[14:29]   r m : back to lows FA denied!
[14:29]   Amit J : IB for banknifty?
[14:30]   r m : 536/728
[14:31]   r m : FA is valid if bnf stays above 536
[14:32]   Sharad : 502 is FA
[14:34]   r m : yes
[14:35]   Sharad : ok
[14:36]   r m : actually BNF should have gone up above IBH after getting rejected from 502 below IBL, it came back from below IBH, so not exactly a FA, a chinese FA at the best 😀
[14:45]   r m : today pink-green did well for NF too
[14:46]   Manik : @ rm FA is negated ?
[14:47]   r m : yes
[14:54]   Sumit : good going pink after 2 whipsaws
[14:56]   Manik : @ nf should hold 7884-7880 ?
[14:56]   r m : yes
[14:57]   r m : that “yes” is for Sumit’s pink OF comment 🙂
[14:57]   Sumit : we got that 🙂
[14:58]   Manik : yes
[14:59]   r m : @Sumit, a couple of whipsaws in a day is a very good day? there are times when one feels like taking VRS from trading when there are only whipsaws 😀
[14:59]   Sumit : :). give the market few minutes to tell you whether 20 point range or moving.
[15:00]   Sumit : atleast one day in a week are such whipsaw days
[15:00]   r m : ok
[15:02]   r m : @Sumit, what is your location man, will fix up a webcam in your trading room and program my terminal to copy your trades 🙂
[15:02]   Narendra : can u share fdn notes
[15:02]   Narendra : @rm
[15:02]   r m : http://tinyurl.com/FDNotes
[15:03]   Sharad : delta gone
[15:03]   Sumit : delhi. i m the backbencher. still learning
[15:03]   r m : I have a poor memory so made tinyurls for most of the links used here 🙂
[15:04]   r m : @Sumit, I can see that all the brilliant traders occupy back benches 🙂
[15:05]   Manik : @ rm break of 7880 should have given atleast 20 pts ?
[15:05]   r m : below 7883 was 7855 yes
[15:05]   r m : but ealier also it came back from 7878
[15:06]   Manik : thats true
[15:06]   Sumit : i m serious. I also loose a lot, else would hv been trading full time 🙂
[15:06]   r m : BNF has gone back to PDL
[15:07]   r m : @Sumit, yes very difficult to consistently be in profit
[15:07]   Manik : well said sir
[15:09]   r m : this last pink in BNF began at 15630!
[15:09]   Manik : i luv 15630
[15:10]   r m : yeah, I bet 🙂
[15:10]   Manik : 🙂
[15:24]   Manik : @ rm what type of profile would be today ?
[15:25]   r m : Normal for NF, Normal Variation for BNF
[15:25]   Manik : ok
[15:26]   r m : Value area of a Normal day is very useful on next trading day
[15:26]   Sharad : today is normal day
[15:26]   r m : 80% trade becomes 90% in such cases!
[15:27]   Manik : @ rm need a class on 80%
[15:28]   r m : 80% is simply a trade across value area
[15:29]   Sharad : means ?
[15:29]   r m : but more effective when there is a probe beyond previous day’s range and price gets rejected and comes back to value area, then 80% chances of it slicing thru value area
[15:30]   r m : @Sharad, trade from VAH to VAL or vice versa
[15:30]   Sharad : ok
[15:30]   Manik : ok
[15:30]   r m : Thanks and bye folks, have a great weekend, next week Shai will be back 🙂
[15:30]   Sumit : good bye everyone
[15:30]   Porus : bye
[15:30]   Sharad : bye
[15:30]   Manik : bye
[15:31]   Clay : bye