OrderFlow charts and Notes 12/03

[08:48]   r m : Good Morning folks!
[08:48]   Porus : GM RM and all
[08:48]   r m : http://vtrender.com/25778/
[08:48]   r m : Hi Porus
[08:48]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-110315/
[08:49]   r m : http://vtrender.com/volume-at-price-1103/
[08:49]   r m : Nifty MAR Future levels Key Reference Area 8787 UP Hypo1 above 8787➜8830➜8860➜8917 SL 8745 DOWN Hypo2 below 8717➜8672➜8616 SL 8753
[08:49]   r m : Banknifty MAR Future levels KRA 19220 DOWN Hypo1 below 19000➜18778➜18604 SL 19140 UP Hypo2 above 19240➜19372➜19482 SL 19096
[08:52]   r m : Weekly Spot level update – Nifty spot Support 8679/8589, Resistance 8755/8846
[08:53]   r m : Banknifty Spot Weekly level update – Support 18872, Resistance 19200/19466
[08:57]   Kathir : Good Morning RM porus
[08:58]   r m : Hi Kathir
[08:58]   Sharad : GM all
[09:01]   Kathir : Hi sharad
[09:02]   Kris : GM All 🙂
[09:02]   Sharad : Hi Kathir
[09:02]   Kathir : Hi kris
[09:03]   Kathir : @rm kris arrives with a big smile?
[09:03]   r m : Hi Kris 🙂
[09:03]   r m : @Kathir, yeah!
[09:05]   Kris : Hi Rm, Kathir!
[09:05]   Kris : Smile like MMS 🙂
[09:05]   Kathir : lol
[09:06]   Kathir : smile afer recieving the summon?
[09:06]   r m : 🙂
[09:10]   Sachith : GM all
[09:10]   RK : GM all 🙂
[09:12]   Kathir : Hi RK
[09:12]   Shai : GM all
[09:12]   Kathir : GM shai
[09:12]   r m : pre-market suggess open near KRA 8787
[09:12]   RK : Hi Kathir
[09:13]   r m : *suggests
[09:13]   r m : Hi RK
[09:14]   Kathir : if it opens above that shall we buy straight away or wait?
[09:14]   Kathir : 8787 hypo i mean
[09:16]   Kathir : @shai buy NF?
[09:18]   Tejpreet : GM all.
[09:18]   Shai : Yes kathir – it’s a buy but wait first 5 mins
[09:19]   Shai : Open above value high
[09:19]   Kathir : ok
[09:19]   Shai : Buyers should come back and assert at the open
[09:19]   Shai : vah 19256 and 8770 of immediate imp
[09:21]   Shai : 19262 seeing buyers
[09:21]   Amit J : century continues
[09:22]   Shai : 🙂
[09:22]   Shai : NF buy abv 8796 now for 8830/ 8860 sl of 8762
[09:25]   Rahul G : shai I guess charts are updating slowly
[09:25]   Amit J : unitech 22.5 call buy. for 2-3 days. can be 4-5 x
[09:27]   Amit J : shai above what level you would be comfortable in longs
[09:28]   Shai : 8755 spot
[09:28]   Amit J : as we still have overhand of insurance bill in RS today
[09:28]   Shai : Open is good and a drive
[09:28]   Amit J : it can be a trap
[09:28]   Varun : rates nit updating properly
[09:28]   Varun : not
[09:29]   r m : big seller at 8814
[09:30]   Shai : yes- Half a min will restart esignal
[09:35]   Varun : @shai on such days we shld not break below vwap, else reversal ?
[09:35]   Shai : yes
[09:35]   Shai : sellers coming near top
[09:36]   Shai : be cautious with longs- Not a clean break yet
[09:36]   Shai : Price has to stay abv 8815/ 19394 with new buyers for a breakout
[09:36]   Shai : still at the top of the range though we have 88822 on board
[09:37]   Shai : spot about 8753 is good, should not come below 8736 and break abv 8772 to confirm a bull bias
[09:39]   Amit J : thanks
[09:39]   Amit J : and similar levels in bn?
[09:40]   RK : 19376 seller as of now not cleared..
[09:40]   r m : (08:53) r m:Banknifty Spot Weekly level update – Support 18872, Resistance 19200/19466
[09:40]   r m : now above 19200
[09:41]   Amit J : shai open drive in ntpc?
[09:41]   r m : yeah, looks like that
[09:42]   r m : it is on very heavy volumes too (ntpc)
[09:45]   Shai : Yes NTPC 164/ 170 on
[09:45]   Amit J : 12.5 rs bonus debenture
[09:45]   Shai : your centext did 586 exact
[09:45]   Amit J : so dont go in future
[09:45]   Shai : Now fresh move to 615 if it is taken down
[09:47]   Shai : ok Amit- Thanks for the upate
[09:48]   Shai : can close week at 170 plus
[09:48]   Shai : first 30 Mins and NF/ BNF at top of the recent 2 day range
[09:49]   Shai : buyers are below at lows – vwap holding marginally
[09:49]   Shai : drive conviction has reduced
[09:50]   Shai : positional play is looking good though with sl at VAH for day
[09:50]   Amit J : shai my target in ntpc is 250 very fast
[09:51]   r m : wow!
[09:51]   Varun : esignal prob still there @shai
[09:52]   Shai : yes Varun- Have asked for support
[09:52]   Varun : ok
[09:53]   Shai : NTPC rock solid
[10:01]   Vivek : how to gauge diff between OTD & ORR
[10:05]   r m : @Vivek, a discussion on the topic here http://www.traderslaboratory.com/forums/market-profile/3184-mind-over-markets-opening-types-question.html
[10:06]   Vivek : will the break of VWAP will result into ORR
[10:06]   Shai : No
[10:06]   Shai : ORR / OTD confirms in the first few mins
[10:06]   Shai : Now IB is done almost
[10:07]   Sachith : shai… BoB, sun pharma short view
[10:08]   Shai : In an ORR price will open near value and come back to test a POC or prevvwap and then rise quickly again
[10:08]   Shai : OTD is more conviction- Open and straight up above value and range
[10:12]   Shai : sun pharma looks locked between 1030- 1010 for directional bias
[10:13]   Shai : weak below 1030 so can use to short for 1010 tgt but momemtum will come only if 1008 breaks again
[10:13]   Shai : short covering abv 1030
[10:14]   Amit J : vah gone in bn
[10:14]   Varun : notyet
[10:14]   Kathir : vah is 19256?
[10:14]   Varun : 260
[10:16]   Kathir : @rm is NTPC nifty 50 script?
[10:16]   r m : yes sir!
[10:16]   Shai : bankbaroda a new entry is not god here and shorts get momentum only below 177.2 today but if holding short use 181.4 as sl in cash
[10:16]   Sachith : thnx shai
[10:18]   Shai : welcome
[10:18]   r m : @Kathir, NTPC is part of sensex too
[10:19]   Kathir : oh ok thanks
[10:24]   Shai : BNF longs out below VAH
[10:24]   Shai : reverse for the 80% rule
[10:25]   Shai : use 19250 for entry tgt 19184 POC
[10:26]   Kathir : @what SL for ntpc long now?
[10:27]   Kathir : @shai
[10:28]   Shai : Buy dips to 158 Kathir all day
[10:28]   Shai : tgt 165/ 172 before Mon
[10:29]   Shai : shortbuidup in BNF
[10:30]   Kathir : ok shai thanks
[10:39]   Vishal : amit: u have bought unitech call?
[10:39]   Vishal : 22.5
[10:40]   Shai : Not the strong directional conviction we were waiting On, but trend days are known to begin at 10.40 , so we’ll wait on the 3rd period
[10:42]   Amit J : yes looks good to me
[10:42]   Vishal : okie amit. thanks
[10:42]   Vishal : wil buy
[10:43]   r m : @Shai, how is the volume so far in NF, average or above?
[10:44]   Shai : Vishal using 19.1 as sl look for 20.6 and 21.8
[10:45]   Shai : RM 30L decent but not high
[10:45]   r m : Thanks!
[10:49]   Vishal : thanks shai
[10:56]   Amit J : day high unitech
[10:57]   Shai : 🙂
[10:58]   Vishal : good one amit
[11:06]   RK : Shai RELCAP is in drive..can you pls advise levels for the same
[11:11]   r m : @RK, looks like it has a HVN near 478
[11:11]   RK : in cash
[11:11]   RK : that should be from result day..
[11:12]   r m : 4th March
[11:13]   r m : but volumes very heavy today
[11:13]   RK : Yes It had moved down from 04th Only
[11:15]   Shai : strg move in rel cap laready
[11:15]   RK : Yes..opened around 455 and moving steadily
[11:15]   r m : http://screencast.com/t/CosvbtXt
[11:16]   Shai : relcap doing well abv 462 tgt of the immediate move is 479
[11:16]   Shai : can also extend to 491 if we close abv 474 today after doing that
[11:17]   RK : thanks Shai..any intra support?
[11:19]   Shai : 461
[11:19]   RK : fine
[11:20]   Shai : current dpoc 462 should not come below
[11:20]   RK : got it
[11:21]   r m : CPI and IIP data after market hours at 17:30 today
[11:32]   Shai : NF new longs abv 8819 only now for tgt of 8860 with sl of vwap
[11:33]   Shai : BNF still eyeing that 80% trade-(10:25) Shai :use 19250 for entry tgt 19184 POC
[11:33]   Shai : sl will be again vwap for that trade
[11:38]   Shai : vah in BNF
[11:39]   Shai : Sellers adding up in NF
[11:39]   RK : but we have band also close by in bnf due to small range
[11:40]   Shai : yes volume will have to expand for it to go down
[11:40]   Shai : cannot on this current vol
[11:42]   Amit J : shai FA likely in BNF
[11:46]   Shai : exit BNF short trade
[11:46]   Shai : No real sellling below vah
[11:47]   Shai : Possible Amit if we cross vwap
[12:03]   r m : NF back into single print of morning
[12:24]   Shai : BNF back below vah. No Fa now
[12:25]   Shai : auction still rotational
[12:33]   Shai : BNF can do 19300/ 19320 sl of 19233
[12:41]   r m : 19315
[12:50]   Shai : 8819 in NF
[12:50]   Shai : has to cross to get to 9960
[12:50]   Shai : 8860*
[12:51]   Shai : ths 1 – (11:32) Shai :NF new longs abv 8819 only now for tgt of 8860 with sl of vwap
[12:52]   Shai : BNF FA at 19395 on dat T+2
[12:53]   Shai : cross of 19335 should get us to that FA of 19395= 60 point move with sl f 19287
[13:23]   Amit J : unitech lao
[13:23]   Tejpreet : If we want to see this seller now is it possible or screen sharing restrictions do not allow us
[13:24]   Tejpreet : (09:29) r m:big seller at 8814
[13:27]   r m : @Tejpreet, that one seems to be largely neutralized, 15 min charts show delta as -5450 at 8814
[13:28]   Tejpreet : Got that …thanks.
[13:37]   r m : NTPC touched 158
[13:45]   Shai : stock specific day
[13:46]   Shai : Amit’s unitech and Kesoram and RK’s relcap
[13:46]   r m : Prop trading 🙂
[13:46]   Shai : relcap making another attempt at 474
[13:46]   RK : tata steel of yestday long
[13:46]   RK : it held 325 low yday
[13:47]   r m : good spotting!
[13:47]   RK : only this hidlever is shuttling b/w 955 and 980 F
[13:47]   RK : Hindlever
[13:49]   RK : Shai LT – good for long here with day low SL?
[13:51]   Amit J : century next round started
[13:56]   Rav : ICICI SC started
[14:02]   RK : HDFC and LT not helping Nifty
[14:02]   Shai : 1727 is a good stop but LT has to cross 1752 for upside
[14:03]   RK : fine Shai..will look into it around 1752
[14:04]   RK : Rav if you notice sc in axis pls update here.
[14:06]   RK : DRREDDY in good swing about 250rs since yesterday..3400 to 3540 and back to 3440 now
[14:06]   Rav : AXIS lbu
[14:07]   RK : thanks Rav
[14:07]   RK : loking to enter above day high
[14:08]   Shai : BNf looking to push up
[14:09]   Rav : AXIS is billish now RK Just now
[14:10]   RK : thanks Rav
[14:11]   RK : Relcap follows boss..marathon
[14:16]   Kathir : @AMIT ntpc still hold?
[14:20]   Amit J : i am holding positional since long
[14:20]   Kathir : ok
[14:36]   RK : RM somebody should remember Indices markets close by 3.30 🙂
[14:36]   RK : *make reminder
[14:39]   r m : i thought market closed in the morning itself 🙂
[14:39]   RK : lol
[14:39]   r m : guess they are waiting for rumors about CPI and IIP now!
[14:39]   r m : lots of red in NF
[14:41]   r m : nf vwap is like a granite slab, plain and non-yielding 🙂
[14:41]   Rav : ONLY 6750 lots squared off in NF and longs added almost 5%
[14:41]   r m : Thanks Rav
[14:41]   RK : yes quite flat
[14:42]   Rav : 8700-8600pe writers and 19000pe writers enjoying since morning
[14:42]   Kathir : @RM RK is like maxwell,,never waste time 🙂
[14:43]   r m : 🙂
[14:43]   Shai : Ravi do all look longs? I think we have a mix as the day is non trend
[14:44]   Shai : ideal environment for another trend day tom as one party will liquidate
[14:44]   RK : Shai can’t breath tight another day 🙂
[14:44]   Kathir : @shable i what is your preff close in nf spot for longs to cont,,,
[14:44]   Shai : RK I wanted it today 🙂
[14:44]   RK : *breathe
[14:44]   Kathir : @shai
[14:45]   r m : gap open possible with IIP, CPI after market hours
[14:45]   Shai : above 8750 is good better abv 8772
[14:45]   Kathir : ok
[14:45]   RK : Ofcourse all of us Shai but it seems Mr.M has different plans and allowing us to get ready properly by granting a day 🙂
[14:45]   Shai : (09:37) Shai :spot about 8753 is good, should not come below 8736 and break abv 8772 to confirm a bull bias
[14:46]   RK : 8750 is held al through the day but don’t know by whom bulls or bears :))
[14:46]   r m : @RK, the way we keep watching it wistfully, Ms M is a better choice 🙂
[14:46]   Shai : prominent POC – environemnt for a drive
[14:46]   Shai : also for a gap
[14:47]   r m : all 30 minutes letters have left their print on POC!
[14:47]   RK : RM yeah on the context of mystify also..don’t know what would be the reaction :))
[14:47]   r m : lol
[14:56]   Shai : RK, when did relcap print 498?
[14:56]   Shai : or was it there at open?
[14:57]   RK : I was watching F Shai..didn’t notice that..
[14:57]   RK : but should be in last 15 mins only..
[14:57]   r m : touched 498 at 14:41 it was a spike
[14:57]   RK : I was watching it when 479 cash cleared
[14:58]   RK : so, a marker there RM 🙂
[14:58]   r m : immediately came down to 485
[14:58]   Amit J : shai any view for rcap short
[14:58]   r m : yes, marker placed!
[14:58]   RK : Amit it’s all about Insurance bill right?..
[14:58]   r m : @RK, looks like marker placed by Amit 🙂
[14:58]   RK : lol
[14:59]   Amit J : yes mostly should be sent to committee
[14:59]   Amit J : looks good short
[14:59]   Amit J : any levels
[14:59]   RK : Amit pls wait till tmw open pls..let me get a gapup to book mine and we will both go shorts 🙂
[15:00]   Amit J : event is today only so cant wait for tom.
[15:01]   Amit J : ins is my view not news so dont react unless price confirms
[15:02]   RK : My longs are based on levels only Amit..
[15:02]   RK : I will short it if we break around 475 F
[15:02]   Amit J : i bought more unitech here
[15:02]   RK : tmw
[15:03]   Shai : relcap not a short till 474 breaks now. My obj was 490 early morning
[15:03]   RK : it’s done
[15:03]   Shai : yes was for fri/ Mon though nut done is done
[15:04]   Kathir : @shai pls recheck ntpc ..me holding longs 🙂
[15:05]   Kathir : expecting ur 164
[15:05]   Shai : Yes kathir hold
[15:06]   Shai : abv 164 a further 5 point move is there before Mon but abv 164
[15:06]   Kathir : ok shai nifty spot trying to close above 8772
[15:08]   Rav : then we need bn spot of 19245
[15:09]   Rav : final push
[15:10]   Shai : BNF to push to 19330
[15:10]   Shai : sl 19245 cmp 19280
[15:18]   Shai : Not happening
[15:18]   Shai : exit cost
[15:18]   Shai : price preferrring vwap
[15:18]   Rav : ril hrlping n
[15:19]   Shai : It’s the kind of day which will keep both the bull and the bear interested
[15:19]   Kris : Ok Friends, Have a nice and happy evening.
[15:19]   Shai : Bye Kris
[15:20]   Shai : Enjoy your evening
[15:20]   Kris : Bye Shai
[15:20]   r m : @Kris, Bye man, on “Maun Vrat” these days? 🙂
[15:20]   Kathir : @kris bye
[15:20]   Kris : Maun Mohan 🙂
[15:20]   Kathir : @rm kris knows well no trading after 3.20
[15:21]   r m : lol
[15:21]   Kathir : lol
[15:22]   Kathir : @shai you reffer ntpc spot ?
[15:22]   Kris : Bye Kathir.
[15:23]   Kathir : bye sir 🙂
[15:26]   Shai : yes Kathir
[15:27]   Kathir : oh i was thinking about fut,,shai but ntpc spot 10 rs above fit?
[15:27]   Kathir : fut
[15:28]   r m : @Kathir, Amit explained about debenture issue
[15:28]   Shai : Kathir as a rule I do not quote stock F here unless someone asks
[15:28]   Kathir : ok shai :0
[15:29]   Kathir : @rm i was not here may be i missed it
[15:29]   r m : yes, you take long breaks 😀
[15:29]   Kathir : 🙂
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice evening
[15:30]   Kathir : thanks and bye all
[15:30]   Porus : bye all
[15:30]   Tejpreet : Bye All
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   RK : thanks and bye all
[15:31]   Sharad : Bye all
[15:32]   Amit J : bye