OrderFlow charts and Notes 12th May

[08:46]   r m : Good Morning folks!
[08:46]   r m : http://vtrender.com/levels-and-plan-for-12th-may/
[08:46]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-110515/
[08:46]   r m : Nifty MAY Future levels| Key Reference Area 8375| Hypo1 above 8375➜8415➜8446 SL 8340| Hypo2 below 8320➜8299➜8259 SL 8357
[08:46]   r m : Banknifty MAY Future levels| KRA 18270| Hypo1 above 18270➜18345➜18486 SL 18140| Hypo2 below 18140➜18073➜18020 SL 18275
[08:53]   Pawandeep : Good morning everyone
[08:57]   r m : Results today – Dr Reddy, Apollo Tyres, Ashok Leyland,
[08:57]   Shai : GM all
[09:00]   Sudhakar : GM all
[09:05]   Sumit : GM everyone
[09:05]   Venkatesan : gm rm and shai
[09:05]   r m : Hi Venkatesan
[09:05]   Moses : GM All
[09:07]   Ashish : GM all
[09:08]   Ashish : Thanks Shai for reliance yesterday..
[09:10]   RK : GM Shai,RM and all
[09:10]   r m : Hi RK
[09:12]   Mahesh : GudMrng………..
[09:12]   Sharad : GM all
[09:14]   Keshav : gm all
[09:15]   r m : Hi Keshav, have you installed NT?
[09:17]   Keshav : no rm ji
[09:17]   r m : ok
[09:20]   Sumit : yesterdays run-up gone in seconds 🙂
[09:20]   r m : 100 Sunaar ki aur ek Lohar ki 🙂
[09:21]   Ashish : 🙂 RM
[09:21]   Sumit : 🙂
[09:21]   r m : goes to show that bears are ironsmith by profession 🙂
[09:22]   Vishal : GM All
[09:23]   Shai : Open drive
[09:23]   Shai : sellers
[09:23]   Ashish : Shai, what’s the target on downside in NF and BNF
[09:24]   Shai : 8242 F
[09:24]   Shai : weak below 8299 F now
[09:24]   Shai : waek below 18073 F also
[09:24]   Ashish : Thanks Boss..
[09:25]   Shai : has been a quick drive down to 8259 hypo obj
[09:25]   Shai : have to short the rises today
[09:26]   Shai : spot traders watch 8180 for supp
[09:26]   Shai : regret of the morning is not jumping into those puts at close 🙁
[09:27]   r m : these crooks did not show their hand last evenin 🙂
[09:27]   Dharamveer : Lol
[09:27]   Shai : yesterday buyers at 8242
[09:27]   Shai : time for them to respond
[09:27]   Shai : already IB of 85 in 12 mins
[09:29]   Ashish : Shai, targets for 8200 puts?
[09:29]   Shai : 8266 is the volume
[09:30]   Sumit : so today short all WVAP visit?
[09:30]   Shai : 165 if it crosses abv 121 now
[09:31]   Shai : Yes Sumit
[09:31]   Sumit : thanks
[09:31]   Ashish : Thanks
[09:31]   Shai : Vol is very heavy in first 15 mins
[09:31]   Shai : stay short
[09:32]   Shai : looks at 8165 as tgt in F by close
[09:33]   Vivek K : looks like fat amma selling
[09:33]   Ashish : Shai, what’s below 882 in reliance?
[09:33]   Ashish : It is below 882 now.
[09:33]   Shai : 8266 first big seller and now 8232
[09:34]   Shai : 867 RIL
[09:34]   Ashish : Thanks
[09:38]   Shai : If 8235 is not taken out now it will mean a further fall
[09:38]   Shai : else selling can come at 8265 the other HVN
[09:39]   Dharamveer : Shai why is the 8244 and 8242 blank
[09:40]   Shai : SL mkt orders
[09:40]   Shai : got exceuted down below as vol was thin
[09:41]   Shai : happens in morning as SL’s are not put in system immediately
[09:43]   Shai : Sell NF in 2 parts at 8235 and at 8265 sl 8285 on day tgt 8165F
[09:45]   Shai : tgt on the 8200 pe now 164
[09:45]   Ashish : Ok shai
[09:46]   Shai : 8000 pe sl below 57 now 30 min close tgt 81
[09:46]   Shai : all these are not intra day tgts
[09:46]   Shai : go by 30 min close
[09:46]   Ashish : ok
[09:46]   Shai : 104 positional tgt on 8000 pe
[09:47]   Shai : by fri/ mon
[09:47]   Shai : good as long as 8000 pe stay abv roughly 50 cmp of 68
[09:47]   Shai : yesterday was 39 🙁
[09:50]   Hemant : GM Shai, any trades for shorting ?
[09:50]   Shai : yesterday buyers trapped
[09:50]   Shai : and most will look for shorts again
[09:50]   Shai : Hemant given NF abv and some PE views
[09:51]   Vivek K : shai sir, whats with bnf in first 15 min with green delta?
[09:51]   Shai : there will be a pull back around 1030 so don’t rush all in here
[09:51]   Porus : any pull back high estimate?
[09:52]   Shai : vwap best Porus
[09:52]   Porus : ok
[09:52]   Shai : Vivek not yet aggressive selling in BNF
[09:52]   Vishnu : out of shorts and couple of bank longs from yday!! waiting for pullback. BNF was acting like taking my stop
[09:52]   Vivek K : oh ho
[09:53]   Vishnu : look at BNF deltas, dip buyers?
[09:54]   Shai : 8180 spot is the key level now on positionals
[09:55]   Shai : a trip below invites 840
[09:55]   Shai : 8040
[09:55]   Vivek K : 8180 200 ema becoz of this?
[09:57]   Hemant : Shai sir, any intra target for 7900 PE?
[09:57]   Vishnu : Shai, not recommending BNF short over NF I think?
[10:04]   Shai : No Vivek 8180 spot shows heavy closing volumes past 2 weeks
[10:05]   Shai : Vishnu waiting on BNF – will like to see sellers at 17920/30 to check down move
[10:05]   Varun : shai if a huge area of single is crossed int it considered a trend change ?
[10:05]   Shai : yes
[10:05]   RK : Shai those LVN marks are proj based on std dev?
[10:05]   Shai : It’s called a flip in MP
[10:06]   Varun : we cleared 8220/8330 previous area of crime and singles
[10:06]   Varun : shldnt this be a trend change
[10:07]   Shai : Yes RK using STD dev to eliminate areas in between
[10:07]   Shai : Most people use LVN’s based on range like 20 or 50 points I do it with deviations off close
[10:07]   Varun : and we banged into one last fternoon
[10:08]   Varun : and we can see the result
[10:08]   Shai : Varun yes to all
[10:08]   Shai : thse single prints mean a new down auction
[10:08]   Varun : 8343″
[10:08]   Shai : all we do now is monitor response buying in point terms
[10:08]   Venkatesan : hi shai what is single print i am new
[10:10]   Shai : http://vtrender.com/glosary/single-prints/
[10:10]   Hemant : 8200 gone, spot
[10:11]   Venkatesan : thank u
[10:11]   Varun : some 3 lakh buyer
[10:11]   Varun : seller 😉
[10:12]   Sumit : IB is yet to complete 🙂
[10:13]   Shai : heavy vol for 1st hour
[10:13]   Dharamveer : Shai where will be our new entry
[10:13]   Hemant : Waiting for 8150 breach today
[10:14]   Rahul G : shai can you compress the BN charts
[10:14]   Rahul G : not able to see the pink
[10:14]   Ashish : Looks like double century on cards;)
[10:16]   Hemant : is this the 10:30 pullback??
[10:17]   Shai : IB is very big
[10:17]   Shai : Intra dayers may choose to book out and wait for next move below IBL for new shorts
[10:18]   Venkatesan : 8180 spot protected?
[10:18]   Vivek K : right now look slike 81800 protected by a g string
[10:18]   Vivek K : 8196 f big seller again?
[10:19]   Shai : yes 8196 hvn
[10:20]   Shai : a move to 8216 is a short OPp
[10:20]   Shai : maintain – (09:25) Shai :have to short the rises today
[10:21]   RK : Shai can you check next major supply for Hero?
[10:22]   Ashish : Shai, Ashok leyland is a shorting opp. here??
[10:24]   Venkatesan : SPOT 8180 CRACKED
[10:25]   Hemant : Shai sir, any buyers at 8130-40 range?
[10:26]   Shai : NF intra dayers can book profits. Reshort at 8216 or hold with sl 8247 on day
[10:27]   Shai : No Heamnt then below 8180 spot ay drop to 8098 and 8040 spot
[10:27]   Shai : Hemant*
[10:27]   Hemant : Great 🙂
[10:28]   Shai : 156 high – (09:45) Shai :tgt on the 8200 pe now 164
[10:30]   Hemant : Bought 8200 PE at 68 yesterday & shorted 8700 CE
[10:31]   Shai : what’s up with Hero RK?
[10:32]   Shai : intra day res here at 2456- 2467 but strong abv 2433 and can do 2499
[10:32]   RK : dont track news Shai..holding longs and wanted to know major supply levels to keep positioning accordingly..
[10:32]   Shai : it’s the other way 🙂
[10:32]   RK : on results day it gave a bad whip and from then on looking good Shai
[10:33]   Vivek K : RK is teh HERO
[10:33]   RK : Yes Shai alongwith DR..saving some MTM 🙂
[10:33]   r m : from share price one would think that hero has bought Honda 🙂
[10:33]   RK : Vivek How bad villain HERO is only known to me and Tejpreet 🙂
[10:34]   Shai : Updating ashley- give me a min
[10:34]   RK : thanks for the levels SHai
[10:36]   Shai : askokley is not a great short here
[10:37]   Shai : positional weakness on the chart is not present till 71.2 breaks and dips to 72 may find buyers
[10:37]   Shai : I would say avoid
[10:37]   Ashish : thanks shai
[10:38]   Shai : 818 spot not holding though intra day selling may be getting exhaisted here
[10:39]   Shai : has beena 160 point fall in 1 hour and prudent to book some gains if short even from morning
[10:39]   Shai : we can short below 8164 F now with IBL as sl + filter or wait for 8216 t short again
[10:39]   Shai : tgt is 8127 by close in F
[10:41]   Shai : I would think BNF does 17584 today and use a rise to short
[10:42]   Shai : positionally after today we still see 17450 on todays volumes
[10:43]   Shai : review of the short idea required this week if 8250 is taken back in F
[10:49]   Shai : a calmer 2- 3 hours ahead
[10:49]   Hemant : Looks like its gone sideways for now
[10:49]   Shai : hopefully
[10:50]   Navaneeth : Shai bro, Any S.l For 17789 shorts?
[10:55]   RK : Shai Maruti good short here ?
[10:56]   Mahesh : Nifty f low at 8160-80 if holds it forms H&S pattern
[10:59]   Shai : Navaneeth Positional?
[10:59]   Shai : Best sl on intra day is vwap+filter
[11:00]   Shai : Better sl is 17940 on day tgt a close at day low
[11:00]   Shai : We now have conirmation of a mini upmove on day
[11:01]   Shai : 8216 and 17845 first tgts of this mini upmove intra
[11:01]   Mahesh : k
[11:03]   Navaneeth : Yes @Shai Bro
[11:04]   Shai : Maruti weak below 3624 tgt of the move can be 3560
[11:05]   Shai : Navaneeth best sl is 17930 though higher it will keep you on track for 17450 tgt
[11:06]   Shai : be back in 15 mins..
[11:06]   RK : thanks Shai
[11:09]   Navaneeth : ok @Shai bro
[11:26]   Vivek K : that 8196 seller still dominating
[11:26]   Vivek K : ?
[11:29]   r m : more greens so far in this attack on 8196
[11:30]   Vivek K : red carnivores are trampling the green veggies 🙂
[11:30]   Ashish : 🙂
[11:30]   r m : 🙂
[11:31]   r m : grass-eaters vs Salmon guzzlers 🙂
[11:32]   Vivek K : weed would help the longs rather than grass it seems like
[11:32]   Ashish : hahahaha
[11:33]   r m : Rahul baba – help, this is your speciality 😀
[11:34]   Hemant : 😛
[11:35]   Ashish : I think we need to supply some stuff from manali now to push it higher…
[11:35]   Hemant : Hook – done, Line – work in progress, Sinker – awaited 🙂
[11:40]   Vivek K : need gadkaris help for the veggies
[11:41]   Vivek K : one hour at 8196 gettibg rejected
[11:41]   r m : bears are digesting the breakfast
[11:42]   Mahesh : heee
[11:42]   Dharamveer : so when will there be the big lunch
[11:42]   r m : they will lunch with Europeans 🙂
[11:42]   Vivek K : hope it was only breakfast and not brunch
[11:42]   r m : white skin complex D
[11:42]   r m : 😀
[11:45]   Vishnu : any open trades as of now guys?
[11:47]   r m : CPI and IIP numbers to be released this evening, IIP expectation is 2.8% vs previous 5.0%, maybe somebody got a peek 🙂
[11:51]   Vishal : Shai your views on HeoMoto?
[11:51]   Vishal : HeroMotoCorp
[11:53]   r m : @Vishal, Shai said strong above 2433
[11:53]   r m : his levels were 2456/2467/2499
[11:53]   r m : guess it is trying to reach the last one now
[11:54]   Vishal : yes
[11:54]   Vishnu : 17326 seller at 17710 BNF. from then on green 5 min deltas
[11:55]   Vishnu : BNF view rm?
[11:55]   r m : @Vishnu, I am viewless, was only echoing
[11:55]   r m : Shai’s view on heromotoco
[11:55]   r m : 🙂
[11:56]   Vishnu : ah, i’m asking about BNF. 17710 immediately found buyers
[11:56]   Vishnu : 🙂
[11:56]   r m : but BNF seems to be surviving below IBL, does not look positive for longs
[11:58]   r m : that OF is still pink, so sellers have the upper hand so fa
[11:58]   r m : so far
[11:59]   Vishnu : thanks
[11:59]   Mahesh : 17800 above buyers can get upper hand in bnf
[12:03]   r m : 17851 is vwap and 17861 PDL, longs have to cross that before they can breathe easy
[12:03]   Mahesh : k
[12:03]   Sumit : in PINK we Trust
[12:03]   Mahesh : just i look at price so
[12:03]   r m : rest strictly cash 🙂
[12:04]   r m : ok
[12:04]   Sumit : what was NF low on Friday
[12:04]   Sumit : 🙂
[12:04]   r m : 8134
[12:04]   Mahesh : nifty fallen with positve delta now
[12:05]   r m : yes, attracting buyers now
[12:05]   Sumit : 33 pts more… come on NF???
[12:05]   r m : egg it on 🙂
[12:06]   Mahesh : ya
[12:07]   Ashish : @RK, HUL is cracking lower..
[12:07]   r m : yes, Shai said yesterday 854 or lower, now it is going lower 🙂
[12:08]   Vivek K : 8168 first sign of gadkari work.
[12:08]   Vivek K : good buyer with green delta
[12:08]   Vivek K : is it correct?
[12:09]   RK : Ashish, with its tendency this is minor move only..it easily makes 40 points range a day 🙂
[12:09]   Ashish : yes RM, credit to RK for poiting out HUL and Shai obliged by saying “”good pick”.
[12:09]   Ashish : pointing*
[12:10]   Vivek K : team work
[12:11]   Ashish : ok Rk.. looks like VPOC @ 840 will be the obj. of this downmove
[12:11]   Ashish : future levels..
[12:12]   Ashish : yes vivek.. has to be team work 🙂
[12:13]   r m : @Ashish, RK & Amit have got this habit of pointing in right direction 🙂
[12:13]   Sudhakar : infy any trade plan shai for positional
[12:13]   Ashish : yes, thanks to amit also for BOB call yesterday…bang on
[12:14]   Vivek K : shai sir, are these serious buyers?
[12:14]   Vivek K : nifty
[12:14]   r m : yes, syndicate bank the day before
[12:14]   Shai : No
[12:14]   Shai : Sell NF 8165 sl 8197 tgt 8134
[12:15]   Ashish : wow veggies turned salmon eaters..
[12:15]   Vivek K : hocus pocus how did it turn red?
[12:15]   r m : Dr Reddy looks like punctured
[12:15]   Ashish : Shai, target achieved on 8200 puts, any further levels on this?
[12:16]   RK : RM result day..100 points swing either side is normal 🙂
[12:17]   r m : ok 🙂
[12:19]   Shai : yes hold for 212 now buy the dip to 136 again final sl below 112
[12:19]   Ashish : thanks shai
[12:23]   Shai : Vishal hero was updated this morning: (10:32) Shai :intra day res here at 2456- 2467 but strong abv 2433 and can do 2499
[12:24]   Shai : Dis I miss any other quesry?
[12:24]   Shai : query?
[12:24]   Sudhakar : infy i asked abt it shai
[12:24]   Hemant : Shai, the buying response at 8146 is new or old?
[12:24]   Mahesh : heavy buying at 8146 range in nifty
[12:25]   Shai : No data is getting erroneous
[12:25]   Shai : instituational activity masking orders
[12:25]   Hemant : So that too turns out to be a short 🙂
[12:25]   Shai : 8144 is sell
[12:26]   Mahesh : k
[12:27]   Vishal : yes.. thanks Shai
[12:28]   Shai : infy cannot see a lot of weakness till 1930 breaks
[12:28]   Sudhakar : thanks shai
[12:28]   Shai : then can drop quickly to 1900/ 1852
[12:30]   Dharamveer : can we add more shorts at 8182
[12:33]   Shai : yes we can
[12:33]   Shai : tgt is day low close today
[12:33]   Shai : sl is abv vwaps
[12:34]   Shai : this came before close hence we got in new shorts : (09:32) Shai :looks at 8165 as tgt in F by close
[12:34]   Shai : besides 8180 spot not holding up
[12:35]   Varun : @shai whts vwap today
[12:35]   r m : 8211/17833 approx
[12:36]   Shai : yes
[12:38]   Varun : thanks RM
[12:38]   r m : welcome
[12:38]   Dharamveer : is sl 8112 or 8197
[12:38]   Dharamveer : sorry 8212 or 8197
[12:39]   Ashish : Europe opens weak.
[12:41]   Shai : sl 8212 if addig up at 8182
[12:45]   Shai : tremors in North India
[12:46]   Vishnu : 6.9
[12:46]   Shai : epicenter Afghanistan
[12:46]   Vishnu : it’s big
[12:46]   Shai : yes
[12:47]   r m : yeah, my chair was shaken, was just looking for corroboration 🙂
[12:47]   Shai : oh
[12:47]   RK : Oh! RM take care 🙁
[12:47]   Keshav : yes, take care rm ji
[12:48]   Sudhakar : RM take care
[12:48]   Shai : All be safe
[12:48]   r m : Thanks guys, I am fine, just tremors felt here, very far from Taliban 🙂
[12:49]   Shai : Calcutta desk reporting continuing tremors
[12:49]   RK : even in NCR the news reports say..anybody from Delhi here?
[12:49]   Hemant : yes RK
[12:50]   Hemant : It just continued to rock
[12:50]   r m : epicentre 82 km east of Kthmandu
[12:50]   r m : poor nepalese
[12:51]   RK : yes very sad..worst disaster to handle
[12:51]   Keshav : there economy is shattered
[12:51]   Hemant : My nepali maid started her prayers.
[12:51]   Keshav : over 30 k classroom lost
[12:53]   Hemant : This could be one of the foreshock
[12:53]   Shai : Sell BNF 17740-17755 sl of 17850 tgt 17590
[12:54]   r m : @Hemant, I hope you meant aftershocks 🙂
[12:55]   Hemant : No RM, I meant foreshocks
[12:55]   Shai : It’s in Nepal or Afghanistan?
[12:55]   Hemant : Earthquakes are seldom so simple.
[12:55]   Porus : Nepal
[12:55]   r m : on a website i found nepal
[12:56]   Porus : AS per exprt on tv.
[12:56]   r m : ok
[12:56]   Porus : 7.1 mag. 18 km below surface.
[12:56]   Shai : ok Porus. Thanks
[12:57]   Hemant : 7.4 in China being reported
[12:59]   Hemant : Its the same one Porus just mentioned.
[13:03]   Shai : No there was 1 in af 40 mins ago which was under reported magniture 4.7
[13:03]   Shai : this 1 is current 1
[13:03]   Porus : yes, ust reported
[13:03]   Porus : *just
[13:04]   Hemant : 1 in Af, 1 on Af-Tajik border 4-ish magnitude. 1 on Nep-China 7.4
[13:05]   Porus : being explained as aftershocks…
[13:06]   r m : Earthquakes here are felt more severe in Delhi because of multi story buildings
[13:07]   r m : most of the houses in ddn are single or doube story
[13:08]   Hemant : North India lies on the indo-aus plate
[13:09]   Hemant : and a 8+ mag quake has been predicted as a rupture is continuing on this plate
[13:13]   Porus : any news on GST to be tabled in RS?
[13:20]   r m : it is not there on revised list of business
[13:21]   r m : http://164.100.47.5/newlobsessions/sessionno/235/R120515.pdf
[13:25]   Porus : Seems to be there – constitution (122nd) amendment bill
[13:26]   Vishnu : Shai can you pl check motherson. results were good, but at short trigger level
[13:27]   r m : ok
[13:46]   Shai : mothersumi getting weaker for 463
[13:47]   Shai : 466 actually
[13:47]   Shai : can’t see strngth now till below 505
[13:47]   Vishnu : thanks
[13:49]   Shai : welcome
[13:50]   Dharamveer : is it short covering or new buying
[13:51]   Shai : in?
[13:51]   Dharamveer : nf and BNF
[13:52]   Shai : still non – directional
[13:52]   Shai : Dharamveer pay attention to the 15 min vol bar – anything abv 6 L in that 15 mins is good directional behavior
[13:53]   Shai : last few 15 min periods around 3.5L
[13:53]   Shai : first 15 min was 22L
[13:53]   Shai : all orderflow is not directional- sometimes traders bounce off trades to each other
[13:54]   Dharamveer : Ok
[14:02]   Shai : trend day rules mean last hour clsoe at lows
[14:02]   Shai : looking at 17584 as tgt in the BNF trade
[14:02]   Varun : and nf ?
[14:02]   Shai : will carry for 17474 tom
[14:03]   Shai : NF 8072 below 8134 close
[14:03]   Varun : cool shai
[14:03]   Varun : thanks
[14:03]   Shai : this move of today should restest that emotional response we saw at 8000 spot
[14:04]   Varun : cn u refresh data @shai
[14:04]   Shai : done
[14:04]   Shai : Now review of short only if 8250 F crosses this week
[14:04]   Varun : stops or wht was tht
[14:04]   r m : @Shai, that as the reason for your suggesting 8000PE?
[14:05]   r m : *was the reason
[14:05]   Shai : yes
[14:05]   r m : Thanks
[14:06]   Hemant : Shai When to book profits in 8300 PE ?
[14:06]   r m : lol
[14:06]   Hemant : in terms of price?
[14:07]   RK : Hemant you are asking price for the strike which we all removed from market watch 🙂
[14:08]   r m : @RK, yeah, Hemant has a prolem of too much profit 😀
[14:08]   Hemant : RK I picked this yesterday.. just trying to figure out what price should I get out at
[14:08]   RK : Hemant was just kidding..great trade but 🙂
[14:09]   Vishnu : volume 8L
[14:09]   Hemant : Ty RK, RM
[14:11]   Shai : Hemant look at 253
[14:11]   Hemant : Got it
[14:11]   Shai : But yes always book ITM and move ATM
[14:12]   r m : welcome Hemant, you sure are great at picking Nifty options – but you frightened me with your foreshock warning, will trade from the lawn from tomorrow 🙂
[14:12]   Hemant : Ok
[14:13]   Hemant : lmao RM 🙂 There is a study by indo-aus group of geo science folks, 700 yr old fault line is at the cusp is what they told
[14:14]   r m : yep, I have read about it 🙂
[14:15]   Hemant : Shai it wont allow to sq off at 253, it maxs out at 249. What do you suggest? let it roll?
[14:15]   Hemant : Beyond high Ckt limit
[14:16]   Shai : upto you Hemant : NF Im satisfied with 8134- 8165 on day
[14:16]   r m : high limits are usually unfrozen within minutes
[14:16]   Hemant : Got it sir.
[14:16]   Shai : a move to 8210 tom is great short opp again
[14:16]   Shai : 8210F
[14:17]   Dharamveer : Shai where can Nf close
[14:18]   Vivek K : hope it closes at 3.30 pm
[14:18]   Shai : good Q 🙂 – Somewhere between 8140 and 8110
[14:18]   Vivek K : this is crazy volumes
[14:18]   Hemant : RM it got revised to 330 🙂
[14:19]   r m : good!
[14:19]   r m : that freeze is only to avoid freak ticks
[14:20]   Hemant : Ok RM. I started wondering that such ckt revisions provide a clue to MKT direction by index folks 🙂
[14:22]   Hemant : Shai sir, what about 8200 PE?
[14:25]   Sharad : Shai can we close at DPOC ? nifty where it is ?
[14:26]   Shai : see 212 on 8200 pe after a bounce
[14:26]   Hemant : Got it, many thanks
[14:26]   Shai : dpoc 8186
[14:26]   Sharad : 8160 Dpoc
[14:27]   Shai : yes moved down now
[14:27]   Dharamveer : Bn shall any revised Sl
[14:27]   Sharad : ok
[14:28]   Shai : BNF place orders to part book at 17665 and revise sl to 17755 on rest
[14:28]   Varun : shai do we have a poor high at top in nf ?
[14:28]   Shai : No single prints
[14:29]   Varun : ystrday
[14:29]   Varun : closing
[14:29]   Shai : yes
[14:29]   Shai : hvn also
[14:29]   Varun : these singles with a poor high, a bit strange
[14:29]   Varun : ?
[14:30]   Shai : yes means a buying response off lows can follow
[14:30]   Shai : and we come back to visit
[14:30]   Varun : this could be a trap also
[14:30]   Varun : today’s fall
[14:30]   Varun : we have solid singles from 8070/8170
[14:30]   Shai : no volume sare good – relook required only abv 8250F
[14:31]   Shai : 8070 – 8170?
[14:31]   Shai : None left
[14:32]   Shai : 8242 and 8146 were 2 big buyers on way up
[14:33]   Varun : a gap from 8070 to 8140 and then forst half hour singles
[14:33]   Varun : do we count the gap as lvn’s ?
[14:33]   Shai : part exit call – bal for close at lows : (14:28) Shai :BNF place orders to part book at 17665 and revise sl to 17755 on rest
[14:34]   Shai : yes Gap is there
[14:34]   Shai : No I don’t see it as LVN as area was auctioned off
[14:35]   Shai : high of 07/05 was here at 8140 something
[14:35]   Varun : ok got it
[14:35]   Varun : tht i knew tht high was like 8140
[14:35]   RK : 8148.70
[14:35]   Shai : if it is away from range then gap is excess
[14:35]   Varun : k
[14:36]   Varun : so singles are 8140/8170 tyoes
[14:36]   Varun : whoch we hve cvrd, which makes it a bearish
[14:36]   Shai : true
[14:36]   Varun : but only for poor high
[14:36]   Varun : is the hurdle
[14:37]   Shai : Now if we enter that 8140 range of that day 07/05 chances are good we auction all the way down to those lows as these vols are heavier
[14:37]   Varun : hmmm
[14:37]   Varun : so one shld fresh short below lows
[14:37]   Shai : for safety kept it at 8110 which was the actual spike high
[14:38]   RK : emotional pullback high 8110 🙂
[14:38]   Shai : then tgt of the move is around 8020 sl of 8150 +filter
[14:38]   Shai : below 8110**
[14:39]   Shai : but maybe a bounce upt 8210 F even 8240 before we do that
[14:43]   Ashish : Shai, adanient is a shorting candidate here?
[14:45]   Shai : yes seeing 658 short on rise to 688
[14:46]   Ashish : Thanks
[14:48]   RK : Tisco about to go for range extension after shuttling between 380-355
[14:53]   Shai : quiet closing hour
[14:53]   Shai : vols are under avg per 15 min
[14:53]   Hemant : Bloodbath continues tomorrow?
[14:54]   Shai : Mkt waiting on data it seems
[14:57]   Venkatesan : sai, i noticed the realtim OI and eod are differs, why?
[14:57]   Venkatesan : realtime
[14:59]   Shai : EOD is based purely on BhavCopy of NSE released at 5 and all modifications are done to reflect that as the official doc
[14:59]   Venkatesan : thank u
[15:06]   Shai : 17620
[15:09]   Venkatesan : sai 8100 pe , can I carry tom
[15:10]   Shai : if holding from higher level carry but don’t make frsh purcahse here
[15:10]   Venkatesan : ok thank u
[15:11]   Shai : done for intra book- (12:53) Shai :Sell BNF 17740-17755 sl of 17850 tgt 17590
[15:13]   Dharamveer : Shai are you expecting a bounce from 8000 again
[15:13]   Shai : tom this day has to reverse to VPOC currently around 8160 where we see orderflow again
[15:13]   Shai : holding 8110 that is
[15:13]   Shai : kRA tough between 8110 and 8160 for tom
[15:14]   Shai : Yes Dharamveer we can bounce up to today highs from down below
[15:16]   Varun : 9 lakh volume, still couldnt pierce price below 8110
[15:16]   Varun : if we open abv 8110, we could see a fast pull back @shai ?
[15:16]   Vishnu : 112300 @ 8120
[15:17]   Vishnu : sry ignore
[15:17]   Shai : Vpoc Varun then we see
[15:18]   Shai : iip data als there
[15:18]   Shai : guess the worst of that data is in now 🙂
[15:19]   Varun : this is a good closing for bulls, rathe than at bottoms
[15:19]   Varun : 8110 holds the key now
[15:20]   Shai : yes
[15:21]   Shai : bounce upto 8210 F is a good short with sl of 8265
[15:21]   Shai : tgt 8020
[15:21]   Shai : can reverse also if sl is taken
[15:22]   Varun : shai does the 3.15 5 min green candle indicate tht huge sells were being bought ?
[15:22]   Varun : was kickasstrader trying to explain something like this in his rite up
[15:22]   Varun : and then 3.20 follow up also
[15:23]   Venkatesan : 15 minute vol is 3 * pre 15 minutes
[15:23]   Shai : varun very dicy thes elast 15 mins- could be system auto square off trdaes
[15:24]   Shai : or just profit booking off mornig
[15:24]   Shai : I man after a 160- 200 point profit why not book?
[15:24]   Varun : k
[15:24]   Venkatesan : got it
[15:24]   Shai : 213 point NF day
[15:25]   Shai : 600 BNF
[15:25]   Varun : shai why why poor low
[15:25]   Shai : in both
[15:26]   Shai : prem is gone from both
[15:26]   Shai : we could get a bounce at open even a gap
[15:26]   Shai : don’t be too short
[15:26]   Venkatesan : current 15 minites bar is full of green
[15:27]   Venkatesan : ok
[15:28]   Venkatesan : thank u sai and rm
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Hemant : Ty Shai, folks 🙂
[15:30]   Ashish : Thanks and Bye all
[15:30]   Keshav : bye all
[15:30]   Shai : Bye all
[15:30]   Venkatesan : bye all
[15:30]   RK : thanks and bye all
[15:30]   Shai : have a nice evening
[15:30]   Sudhakar : Bye All
[15:30]   Porus : bye all
[15:30]   Vishal : bbye all
[15:30]   Hemant : You to Shai
[15:30]   Pawandeep : Thanks & Good bye all
[15:30]   Hemant : You too*
[15:32]   Pawandeep : very interesting first day of trading room with trend day:)
[15:33]   Hemant : There so much to learn in this room. Welcome Pawandeep