OrderFlow charts and Notes 10/12

[08:53]   r m : Good Morning folks!
[08:53]   r m : http://vtrender.com/levels-and-plan-for-10th-dec/
[08:54]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-0912/
[08:54]   Porus : GM all
[08:54]   r m : NF Hypo1 below 8356➜8271 SL 8387 Hypo2 above 8412➜8440➜8478 SL 8376 DEC Future levels
[08:55]   r m : BNF Hypo1 below 18400➜18301 SL 18450 Hypo2 above 18450➜18510➜18543 SL 18399 DEC Future levels
[09:04]   Shai : GM all
[09:06]   Shai : Important day today in the context of the ongoing price correction
[09:07]   Shai : market is in imbalance and should try to establish a balance today
[09:07]   Shai : which would mean 2 time frame activity and volatility
[09:07]   Shai : ref levels are 8356- 8378 F for new shorts
[09:08]   Shai : abd below 18301- 18328 in BNF
[09:08]   Shai : start of balance would be a market trading abv dev value low – the blue lines
[09:10]   Shai : If you see the charts in the prem section on amt – the market has traded below dval for 2 days straight
[09:10]   Shai : alos watch vwap
[09:10]   Sharad : GM all
[09:20]   Shai : abv 8412 the bear may think of taking profits
[09:20]   Shai : BNF up well from 18320
[09:20]   Shai : early days
[09:21]   Shai : and entry into val to be watched
[09:31]   Sharad : So buy only above 8412-17
[09:32]   Shai : yes safer as imbalance down has been strong
[09:32]   Sharad : ok
[09:32]   Shai : aggressive trade buy is with sl of 8355
[09:32]   Shai : but riskier
[09:33]   Sharad : so we can nuy if todays low breaks with stop 8355
[09:33]   Sharad : buy
[09:33]   Assortz : last couple of days agressive trades in IB mostly hit SL
[09:33]   Assortz : better to wait
[09:34]   Shai : that support in Nifty at 8340 is strong
[09:34]   Amit J : gm
[09:34]   Shai : +/- 10
[09:34]   Sharad : ok will keep in mind
[09:40]   r m : BNF does target1 of hypo2
[09:45]   Shai : BNF shows an inclination to old 18300
[09:46]   Shai : should rise to 18582- 18600 ref level again’
[09:46]   Shai : better if it stays abv 18490- 510 in next 1 hour
[09:47]   Amit J : hi shai gm
[09:48]   Amit J : can you plz check chart of hoec and ntpc
[09:48]   Shai : sure
[09:48]   Amit J : hindoilexp
[09:51]   Keshav : hi guys, first day here. totally overwhelmed by the response time and no of emails fired in the past 10 minutes
[09:52]   Amit J : great welc
[09:52]   Sharad : welcome Keshav
[09:52]   Keshav : thanks guys
[09:53]   Shai : Welcome Keshav
[09:53]   Shai : Amit hindoil has good volumes today
[09:54]   Shai : headed for 45.2 imm and if closes abv 45.2 this week then coud be dong 56 in next few weeks
[09:54]   r m : Hi Keshav
[09:54]   Keshav : hi all
[09:54]   Amit J : big news came yesterday. entire loan waived off. so just wanted to know is it distribution or accumulation
[09:54]   Shai : ok
[09:54]   Shai : has to hold 43.5
[09:55]   Amit J : thanks. if i am correct than should hit curcuit today
[09:55]   Shai : 49 possible by fri if it trades abv that 45.3
[09:56]   Amit J : fine thks
[09:57]   Keshav : hi guys is it possible to use multiple screens. one for chat box and other for charts?
[09:58]   Shai : NTPC alos looking to drive up
[09:58]   Shai : but would have preferrred a test of 132 at the lows
[09:58]   Shai : abv 138 – 6 point upsdie opens up to 144
[09:59]   Shai : Keshav you can reduce the size of the chat box
[09:59]   Keshav : now its better
[10:02]   Shai : IB is done
[10:02]   Shai : IB range is done almost
[10:02]   Shai : have to cross 8412 for upsides
[10:11]   Sharad : Shai can buy BNF ?
[10:12]   Sharad : with stop 18420 POC ?
[10:32]   Shai : BNf is a better buy abv IBH now with sl of val
[10:33]   Shai : IB as a balance zone is imp today and first step of the market’s acceptanace of the move from imbalance to balance
[10:33]   Shai : (09:07) Shai :market is in imbalance and should try to establish a balance today
[10:35]   Sharad : Ok but 18463 VAL is what in charts..
[10:36]   Sharad : yesterday VAL is 18364
[10:38]   Porus : Shai, to achieve balance price must stay within the IB today?
[10:44]   Mandar : GM. Shai view on MCX pls.
[10:49]   Shai : Sharad 18463 val is right
[10:49]   Sharad : then 18364 in box left bottom is wrong ?
[10:49]   Shai : Porus text book definition of a balance is a profile centered at vwap and having a belll shaped curve at close
[10:50]   Porus : ok
[10:50]   Shai : more like a letter D
[10:50]   Shai : e should see that at close
[10:50]   Shai : Yes Sharad
[10:50]   Sharad : so what is correct POC
[10:51]   Porus : So balance days dont sound too good for trading. Do they lead to trending days?
[10:51]   Shai : 18582
[10:51]   Sharad : ok
[10:51]   Shai : try to go by the profile chart posted or here on screen
[10:51]   Shai : that is accurate
[10:52]   Sharad : in that VAL only seen not others
[10:52]   Shai : You are right Porus – on balance days don’t have high expectations of a trending move
[10:57]   Shai : that’s why the Hypos today are well off on entry levels
[10:58]   Shai : MCX has broken below 866 and 858 supp
[10:58]   Shai : could be weak towards 829
[10:59]   Shai : if you are looking for counter trend trade fro 858 have sl below 837
[11:00]   Shai : Will be a bit slow in responding to queries today. Kindly repost if I overlook
[11:06]   Mandar : thanks Shai.
[11:06]   Amit J : shai max and rcap +
[11:11]   Shai : max is looking good for 424
[11:11]   Shai : 395 ad 380 are 2 good supprts
[11:12]   Shai : weekly closing abv 407 will be better
[11:12]   Shai : can even see 436
[11:13]   Shai : rel capital may just be getting ready for 543 from here
[11:13]   Shai : sl is 513 from cmp 523
[11:13]   Shai : but upsides capped at 550 max
[11:16]   Shai : relcapital can finsish at 531 today
[11:17]   Amit J : thanks max was quicker
[11:17]   Shai : any buzz?
[11:19]   Amit J : insurance bill
[11:19]   Shai : right
[11:19]   Shai : thanks
[11:19]   Amit J : likely clear today
[11:29]   Shai : stop hunting using premiums
[11:29]   Shai : 53 points in NF now
[11:30]   Shai : kind of rare for third week of series
[11:30]   Shai : 30- 38 is acceptable but 50+ is very high
[11:36]   r m : BNF Hypo2 target2 also reached
[11:50]   Amit J : rcap above your level
[11:54]   Shai : 543 coming soon
[11:55]   Shai : nic emove
[12:00]   Shai : BNF avoid 550- 590 zone for fresh long entries
[12:00]   Shai : abv 18600 there is a 120 point move to 18720 and possible 18840 again
[12:07]   Shai : vwap at 8389
[12:07]   Shai : first time in 2 days we are seeing a move abv vwap
[12:07]   Shai : alos we are staying in dev value
[12:07]   Shai : pink shaded region of chart amt
[12:15]   Shai : 8416
[12:15]   Shai : but at vwap band
[12:15]   Shai : market not ready to move yet
[12:16]   Keshav : is that a higher timeframe vwap?
[12:16]   Shai : it’s a 3sd band of vwap
[12:17]   Shai : only 1% chance of a sustained move higher
[12:18]   Shai : may go to 8440 but will buy o dip to 8407 than here
[12:20]   Shai : willing to buy the break at 8411- 8407 with sl of 8386
[12:36]   r m : NF went upto yeserday’s vwap
[12:37]   Ravi V P : 8429.73
[12:38]   Shai : shows responsive elling there as you would expect abv vwap band
[12:38]   r m : ok
[12:38]   Shai : 8410 – waiting
[12:39]   Ravi V P : shall we buy
[12:41]   Shai : yes bought NF
[12:41]   Shai : sl is at pdl 8383
[12:43]   Shai : BNf looking good now for 720
[12:43]   Shai : sl is now IBH
[13:05]   Keshav : where can i find the explanation for the various overlays in the chart?
[13:09]   Shai : the links are there in the welcome kit
[13:09]   r m : http://vtrender.com/trading-room-charts-explained-3/
[13:09]   Shai : also must read section of premium
[13:11]   Janak : after 4 hrs – could log in now!
[13:16]   Janak : shai r the bulls back/? can start accumulating 19k ce?
[13:29]   Janak : apetizer for the santa rally?
[13:30]   Janak : 20k ce at 6 bucks:-)
[13:30]   Janak : 24k buyers vs 5k sellers
[13:31]   Sharad : Janak 20k possible before 25th ..NO..its free money for call writers
[13:31]   Janak : Sharad 20k possible in next 3 days for bn man
[13:31]   Janak : 1500 pts is a child’s play for bn these days
[13:31]   Sharad : its already run up hard and consolidating gains
[13:32]   Amit J : who is this child
[13:32]   Sharad : @Amit …Janak lol
[13:32]   Janak : PK
[13:33]   r m : 😀
[13:34]   Janak : rm I have bought lot of ces man in bn
[13:34]   Shai : IBH just held
[13:34]   r m : ok Janak
[13:34]   Shai : stops of longs are just below vwap
[13:34]   Shai : NF also pdl just holding
[13:34]   Janak : 19k / 19.5k / 20 k – u name them 🙂
[13:35]   Sharad : Janak instaed buy Jan CE
[13:35]   Shai : Janak close abv 18600 required
[13:35]   Janak : sharad jan will be a massive sell-off
[13:35]   Janak : ok shai
[13:35]   Sharad : Dec expiry high made on first day of new series
[13:35]   Janak : i am awaiting that 670 seller to be taken out for a short-covering
[13:36]   Janak : because i remember expiry in nov was below 18200 and on the first day – they had this 500 pts rally?
[13:37]   Sharad : Janak it looks since first day they are distributing for so called massive sell off of jan
[13:37]   Janak : they will do 20k before that and maybe 9k in nf?
[13:38]   Sharad : lets hope so
[13:38]   Amit J : true janak. walan not tested in banknifty
[13:38]   Sharad : 20k is everyones dream so if comes people will sell….and if does not come people will hold
[13:39]   Janak : green
[13:39]   Sharad : and people hold then only big sell off can come
[13:46]   Janak : shai long at 530 – tgt 670?
[13:47]   Janak : 729 is 2ib – that also wud do ;
[13:47]   Shai : yes pdh tgt
[13:47]   Janak : delta going down fast
[13:49]   Sharad : NF delta gone to huge -266
[13:53]   Janak : bn from -155 to -25
[14:01]   Janak : -5
[14:03]   Janak : imagine nf delta from -153 to 0
[14:13]   Shai : NF intra day sl move to just below IBH
[14:13]   Shai : if it comes below IBH now will close at day vwap
[14:15]   Janak : shai bull-mkt correction over?
[14:15]   Janak : tom we can see again 850/900?
[14:16]   Shai : yes looks like correction halted
[14:17]   Shai : possibly sideways but bias is more on upside holding today’s lows now
[14:18]   Shai : NF can either close at vwap today or at 8440- 8444
[14:18]   Amit J : banknifty/
[14:19]   Amit J : ?
[14:19]   Janak : 670/730?
[14:19]   Sharad : Shai 8460 possible?
[14:19]   Shai : BNF much stronger than NF
[14:20]   Shai : looks like low at 18300 is in place
[14:20]   Shai : can close at 18670
[14:25]   Janak : 644!
[14:25]   Janak : rm ke jalwe!
[14:35]   Shai : NF not keen
[14:35]   Shai : seller holding at 8424 +
[14:35]   Shai : but still will be a good close at 8398
[14:35]   Shai : 8400 ce stil in play this week
[14:36]   Shai : stops same as the 8355 given yesterday
[14:41]   Janak : shai can carry bn longs? and hold till friday eve?
[14:41]   Janak : options
[14:49]   Shai : BNF suggest hold only if we close abv 600
[14:50]   Shai : for friday that is
[14:50]   Shai : if not it may rotate 100 points and close on friday at 18600 only
[14:51]   Janak : ok
[14:54]   Shai : 8399 spot zone is the next res in Nifty considering that it holds 8337 tom
[15:11]   Shai : NF prefering a close at vwap
[15:11]   Shai : BNF would be an inside day if you ignore the early morning ticks
[15:30]   Shai : the close is leaiving a lot of people unsure
[15:30]   Shai : Most bulls expected a sharp rise
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : Bu auction theory suggests balance first
[15:30]   Shai : Bye all have a nice eve
[15:30]   Sharad : Bye all
[15:30]   Porus : bye