OrderFlow charts and Notes 10/11

[08:50]   r m : Good Morning folks!
[08:50]   r m : http://vtrender.com/levels-and-plan-for-10th-nov/
[08:50]   r m : http://vtrender.com/premium/23196/
[08:51]   r m : NF Hypo1 Above 8388➜8412➜8444 (SL 8361) Hypo2 Below 8360➜8326➜8304-8310 All levels NOV Future
[08:51]   r m : BNF Hypo1 Above 17535➜17584➜17687 Hypo2 Below 17440➜17348 All levels NOV Future
[08:53]   Porus : GM
[08:59]   Sumit : gm everyone
[09:02]   Shai : GM all
[09:02]   Sharad : GM all
[09:04]   Clay : gm all
[09:11]   Sharad : INR 61.66
[09:12]   Amit J : GM
[09:16]   Chiranthan : target and sl for 8300 pe?
[09:22]   Shai : tgt would be 8325 now and sl 8414
[09:24]   Shai : Auction last week was balanced and centered and creating small extensions either side of balance
[09:25]   Shai : 8362- 8372 is still the center of that balance and gives us a bias either side of that 8324- 8412 range of last week
[09:26]   Amit J : looks like a open drive
[09:26]   Shai : yes
[09:26]   Shai : vwap band has to expand
[09:28]   Amit J : shai i remember u mentioned 150 pts either side by tuesday. above what level should we play for that
[09:31]   Shai : It’s around 8380 spot roughly res
[09:32]   Shai : Blog post – short term – ” (On spot prices)The marked has managed to stay above the longer time frame supply at 7920- 7940 spot . This region is also now new support over the short term. The previous swing high of 8180 spot has excess now and is also a higher support for the index. Resistance likely to play out first near 8380 and if crossed near 8544-8580 spot. ”
[09:33]   Amit J : thanks
[09:33]   Shai : BN :Short term :(based on spot prices)Support for the BN spot is now firmly at 15910- 16000 up from the 15100 spot previous.For the coming week the auction at 17230 spot will be watched for signs of momentum change.
[09:36]   Shai : 8395F is pdh
[09:36]   Shai : also it was a spike high into the close
[09:36]   Shai : Bulls in control now till 8395 holds in the intra day TF
[09:37]   Shai : there is 20 points below 8390 to 8371 with sl of maybe 5-7 points
[09:37]   Shai : Not an open drive
[09:37]   Shai : more of a probe to chck business at extreme
[09:38]   Shai : just like 8325 of friday
[09:38]   Shai : Rotational market still
[09:38]   Shai : 9370- 8395- 8414 are our intra day ref areas
[09:38]   Shai : *8370
[09:47]   Shai : BNF into the 80% rule
[09:47]   Shai : 17370 VAL tgt
[10:17]   Shai : IB done
[10:17]   Shai : rAn Up open and rest of the IB down
[10:17]   Shai : bias moves to the seller below 8372
[10:40]   Shai : delta now shows responsive buying steping up from 8351
[10:40]   Shai : 2 way market now
[10:41]   Shai : Like to classify the open now as a delayed open rejection reverse
[10:41]   Shai : went up to test supply at breacket high of 8412 and was sent back
[10:41]   Shai : *bracket
[10:42]   Shai : like friday even today vwap is critical for the open
[10:42]   Shai : 8376
[10:56]   Kathir : Hi Shai RM and all firnds 🙂
[10:59]   r m : Hi Kathir 🙂
[11:08]   Shai : this zone 8346- 8372 kept the market flat on friday too
[11:09]   Shai : No edge here in a new positions
[11:09]   Shai : sideways
[11:44]   Kathir : charts there?
[11:45]   Chiranthan : no
[11:53]   Shai : back in a min
[11:55]   Shai : Profile taking shape of a b
[11:55]   Shai : long liquidation is here
[12:01]   Porus : Shai, Hypo2 playing out in NF?
[12:02]   Shai : Yes shorts in control below 8372
[12:02]   Shai : But avaoid taking new positions here
[12:02]   Shai : we will short below 8345 for 8325/ 8311 with sl abv 8365 or 8372
[12:02]   Shai : (11:09) Shai :No edge here in a new positions
[12:21]   Porus : Shai, if BNF dosent hold 17348, what next?
[12:24]   r m : 17290/200 are ref levels from 6th NOV
[12:38]   Shai : 17290
[12:39]   Shai : vix
[12:40]   Shai : what a spike- 17
[12:41]   Anay : not much of an increase in PE IVs though
[12:42]   Shai : absolutely falt everywhere in ATM
[12:42]   Shai : can’t see the reason for the spike to 17
[12:42]   Shai : 14 now
[12:42]   Shai : whateer it was has passed
[12:46]   Shai : still lots of responsive buying at the lows
[12:47]   Shai : but clearly not able to push price abv vwap
[12:47]   Shai : morning seller controls the auction
[12:50]   Shai : Today’s profile is of the long liquidating kind so far
[12:50]   Shai : one trip up pending per this profile which should get resisted at vwap
[12:51]   Shai : also confirmation needs to come from EOD on open interest which should show a dip
[12:54]   Shai : 60 min IV chart – http://screencast.com/t/f4j8JVmcER
[13:03]   Shai : Short below 8345 with sl of 8365 for 8325/ 8311
[13:27]   Shai : exit NF shorts
[13:43]   Shai : vwap in NF
[14:15]   r m : @Shai, IBH possible in NF now?
[14:33]   Clay : Carry forward players esp. from lowe levels getting rewarded in this move up-they are simply trailing stop losses even in Bank Nifty
[14:34]   r m : yes
[14:49]   Clay : 2200 points points from bottom Bank Nifty from Oct 8_2014
[14:53]   Amit J : 15100 was shai’s long term reference level from where it moved
[14:53]   Shai : got d/c for a while
[14:54]   Shai : auction has stayed majorly in fri range
[15:10]   Shai : 2 ways to trade this bracket :
[15:10]   Shai : 1) one would be to but a cloer OTM call or put and be patient with it
[15:11]   Shai : 2) wait for the range to break and capitalise on the reakout in stps
[15:11]   Shai : whichever way it goes – the move out should be minium 140- 160 ponts away from the range
[15:11]   Shai : *minimum
[15:12]   Shai : can be 250 laso in a extreme case
[15:13]   Shai : initative selling at the top and responsive buying at the lows
[15:13]   Shai : one of these 2 have to give way and a trend day can emerge this week
[15:14]   Shai : OTM calls/puts are slightly expensive here and the better stratey would be to wait for a range break with zero bias
[15:26]   Shai : this rise into the close is becoming a feature
[15:26]   Shai : also a dip in the IB period
[15:26]   Clay : PDL has been breaxhed by max 30 points in NF in this run up-then buyer step in and new highs
[15:27]   Shai : dip it from 9.25 to 10.30 then keep it flat for 4 hours and finially rise into the close
[15:27]   Shai : let’s see if it plays out again tm
[15:28]   Shai : Yes Clay too many peope jumping on a good dip
[15:28]   Clay : allow intraday bears to short from 9: 26 to 10:30
[15:29]   Clay : trap them by lrager time frame players,who can carry forward,hence rise into close,and new highs next day?
[15:29]   Shai : Not making new highs though
[15:29]   Shai : stop hunting is a feature of range bound plays
[15:30]   Shai : 8384/ 17382
[15:31]   Shai : flat day and inside
[15:31]   Shai : Bye all. Have a nice evening
[15:31]   Clay : bye
[15:31]   Porus : bye
[15:31]   r m : Thanks and bye, have a great evening 🙂
[15:31]   Chiranthan : bye
[15:33]   Anay : bye