OrderFlow charts and Notes 15/05/15

[08:51]   r m : Good Morning folks!
[08:51]   r m : http://vtrender.com/levels-and-plan-for-15th-may/
[08:51]   Porus : GM RM and all
[08:51]   r m : Hi Porus
[08:51]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-1405/
[08:52]   r m : Nifty MAY Future levels| Key Reference Area 8222| Hypo1 above 8222➜8275➜8331 SL 8193| Hypo2 below 8193➜8162➜8092 SL 8227
[08:52]   r m : Banknifty MAY Future levels| KRA 18188| Hypo1 above 18188➜18256➜18322 SL 18020| Hypo2 below 18085➜17940➜17784 SL 18185
[08:52]   Sudhakar : Good Morning All
[08:53]   Pawandeep : Good Morning Everyone:)
[08:55]   Vivek K : hello and good morning everyone
[09:00]   Sharad : GM ALL
[09:00]   Shai : GM all
[09:01]   Sudhakar : gm shai & all
[09:03]   Venkatesan : GM RM , SHAI AND FRIENDS
[09:03]   Moses : GM All
[09:03]   r m : Hi Venkatesan
[09:04]   Rajat : gm all
[09:05]   Venkatesan : HI RM yesterday NF OI added 2.14 , is that fresh shorts or smart buying?
[09:08]   Ashish : Gm all
[09:09]   r m : @Venkatesan, Fresh shorts by FII
[09:09]   r m : http://vtrender.com/wp-content/uploads/2015/05/oishift9.png
[09:09]   Venkatesan : thank u rm
[09:10]   r m : welcome, these stats are updated every evening on blog
[09:11]   Mahesh : GudMrng………………
[09:11]   Sumit : GM everyone
[09:12]   Sharad : RM can you add net total position of all at the end of day in this excel sheet
[09:15]   Vivek K : long neter?
[09:16]   Vivek K : enter?
[09:17]   r m : @Sharad, net change for this month is already there?
[09:18]   Sharad : RM its change only… i mean can you add total outstanding contracts at EOD
[09:18]   r m : that is the raw data supplied by NSE
[09:19]   Shai : 8296
[09:19]   Shai : let’s see if it stays abv 8275
[09:19]   Sharad : yes but we can just add open position on first day after expiry and then can do changes every day
[09:20]   Hemant : GM folks
[09:20]   r m : Sharad, that is OK, you can refer to the raw data here in category wise tabs http://tinyurl.com/OIAnalysis2015
[09:23]   Sharad : ok will check that
[09:23]   Shai : Buy NF abv 8291 sl 8267 tgt 8314/ 8331
[09:24]   Shai : NF on the way to break abv inside day pattern
[09:24]   Shai : Ope abv value and range keeps the bias bullish for now
[09:24]   Shai : Heading into old supply of Mon which was 8285 to 8330
[09:25]   Shai : BNF breaking out..
[09:25]   Ashish : Shai, 18250 hit in BNF, what’s next
[09:25]   r m : 18322 as per hypo
[09:26]   Shai : yes we need to see an increase of buyers near 18300F
[09:26]   Shai : what can happen today is trips to 18160 spot can show short covering
[09:26]   Shai : hence 18160 – filter is a s for today’s moves
[09:27]   Shai : NF little bit of morning selling at 8290F
[09:27]   Shai : hence the buy abv 8290F
[09:27]   Ashish : got it shai
[09:30]   Vivek K : jubilant ended up being a 3 tier pizza
[09:30]   Shai : Below 8247 we will run down 50 points
[09:32]   Shai : now weak below 9275 on intra
[09:32]   Shai : test of vah more likely but first 8245/47
[09:33]   Shai : 80% rule trade now
[09:33]   Shai : poc at 8200
[09:35]   Shai : BN spot at 18150
[09:36]   Shai : give it 20 points to 18125 else we call it a false breakout in BNF
[09:36]   Mahesh : k
[09:36]   Shai : there is no protective buying in BNF yet
[09:36]   Dharamveer : Future trading below spot in Bn
[09:37]   Shai : yes
[09:37]   Shai : Sell NF 8245 sl 8276 tgt 8200
[09:37]   Mahesh : if the future trading in discount it implies what sir
[09:37]   Shai : remove the 8291 Buy abv
[09:37]   Mahesh : k
[09:37]   Venkatesan : ok
[09:43]   Shai : Mahesh lots of factors in play like cost of carry, dvidends, etc and can’t pinpoint 1
[09:43]   Mahesh : k sir
[09:43]   Shai : but when it narrows it means more chances of upmove on swing basis
[09:43]   Mahesh : k
[09:44]   Ashish : Shai, any fresh trade in BNF?
[09:45]   Shai : No let’s wait out IB for BNF
[09:45]   Ashish : OMC’s to be in focus.. maybe tomorrow we can see price hike in petrol and diesel.
[09:45]   Ashish : OK shai
[09:54]   Shai : NF getting buyers
[10:02]   RK : GM all
[10:06]   Rahul G : shai view on ITC
[10:08]   Shai : Exit the NF short trade
[10:08]   Mahesh : k
[10:08]   Venkatesan : ok
[10:11]   Shai : ITC is well balanced with a prominent POC at 325
[10:11]   Shai : slightly diff to get an immedaite move out
[10:11]   Shai : But there is an easy 10 points abv 330 to 340 and even 350.5
[10:12]   Shai : NF likely to stall at vwap/ dpoc now for some time
[10:12]   Shai : BNF we will trade the IB break now on any side it goes
[10:20]   Venkatesan : shai bnf is less volatile today then nf?
[10:24]   Pawandeep : @Shai market opened previous day high ,went to 8296 than attempt to breake pvah but rejection back to PDH 8250 its bulish, so why we have taken short trade?
[10:26]   Shai : Pawandeep Higher time Frame seller still active abv 8275 , hence
[10:26]   Shai : (09:19) Shai :let’s see if it stays abv 8275
[10:26]   Shai : (09:24) Shai :Heading into old supply of Mon which was 8285 to 8330
[10:27]   Shai : But we skipped as we are abv VAH and came back abv vwap
[10:27]   Shai : skipped the short trade
[10:28]   Shai : whenever there is a clash between a higher time frame and the day time frame and the matter is unresolved the Markets will stay in saftety of vwap/ dpco
[10:30]   Pawandeep : Thanks 🙂
[10:30]   Venkatesan : shai if higher timeframe people pushing the market down means weakly chart below pre week ji
[10:34]   Pawandeep : @shai then we should taken short below 8275 with stop loss of day high early morning for target of pvah
[10:35]   Shai : Yes pawandeep best sl is day high and tgt 8200
[10:36]   Shai : tgt of previous POC and vwap better to check interest
[10:37]   Shai : Sell BNF in 2 parts 18170 and at 18210 sl of 18265 tgt 18085
[10:37]   Venkatesan : some sellers are listening what we are talking
[10:38]   r m : 🙂
[10:40]   Pawandeep : @ Shai market succussfully defended PVAH now can we buy @pvah with SL of POC TGT DVWAP & 8275
[10:43]   Shai : 8224 is vah
[10:45]   Shai : yes it is a roational profie in NF and should come back to vwap in 9/10 times
[10:49]   Pawandeep : what type of today & its open drive?
[10:49]   Pawandeep : waiting for 8224
[10:56]   Shai : check orderflow at VAH befre u enter
[10:56]   Shai : Today is an ORR with response at VAH
[11:03]   Pawandeep : ok
[11:07]   Venkatesan : shai what is orr
[11:08]   Shai : http://vtrender.com/glossary/open/
[11:08]   Venkatesan : thank u
[11:18]   Pawandeep : @shai Price runnibg between VWAP & above YVAH, IS this NO TRADING ZONE?
[11:22]   Shai : anything around vwap is not a good entry
[11:41]   r m : @Shai, what are the levels for longs in Yesbank?
[11:49]   Vishnu : BNF above vwap and vah, also at 2nd entry level for short Shai
[11:55]   Shai : yes bank 0 meat of the move looks done for intra
[11:55]   Shai : 848 supp on day tgt a close at 869+
[11:55]   r m : Thanks Shai
[11:57]   Hemant : Shai, has NF started to look even more weak than couple of hours back?
[11:59]   Shai : No Hemant current behavior can give a spike Up in afternoon
[11:59]   Shai : Sellers have to push it below VAH to cancle that possibility
[11:59]   Hemant : Shai, can it visit 8230 spot before that ?
[12:00]   Shai : yes 8270- 8230 for now
[12:00]   Hemant : That’ll do 🙂
[12:09]   Dharamveer : surprising for Bn for such a small range
[12:12]   Shai : WE will put exit order for the entire BNF qty at 18155
[12:12]   Shai : too tight a range building up in IB can explode either way
[12:15]   Dharamveer : where will it go if it explodes downside
[12:18]   Shai : 17955 max
[12:18]   Hemant : And NF?
[12:18]   Shai : still review at 8200 after yesterday
[12:19]   Hemant : Got it
[12:21]   Pawandeep : @Shai what are most favorable direction of nifty now
[12:23]   Shai : Sideways Pawandeep we are using vol abv 8275 for up bias and below vah for down bias
[12:24]   Shai : nothing has changed from open to review that
[12:25]   Hemant : Shai, For now, i’m long BNF and short NF. Will this work out in a sideways situation usually?
[12:26]   Shai : BNf has a decent long swing bias and weakness only in intra
[12:26]   Shai : NF is pure sideways
[12:26]   Pawandeep : thanks:)
[12:29]   Venkatesan : shai MO above zero is bullish?
[12:39]   RK : Shai Maruti and LT good for long at current levels?
[12:41]   Shai : Venkatesan above 0 means market is going up on larger particpation of mid and small caps but near 65 it becomes a contrary indicator
[12:42]   Shai : likewise at -15 and -65
[12:42]   Shai : Maruti 3675 res
[12:43]   Shai : LT go long abv 1607 only intra
[12:44]   RK : thanks
[12:44]   Sudhakar : LT any tgt and sl shai?
[12:46]   Shai : LT 1640/ 1660 tgt ST sl below 1584
[12:46]   Sudhakar : thanks shai
[12:56]   Shai : exit one part BNF here and trail bal at 18135- let’s play this safe price at 18165
[12:57]   Shai : trail bal at 18235*
[12:57]   Shai : can exit fully also and wait out
[12:58]   Shai : the full trade is in a minor profit now
[13:09]   Venkatesan : thank u sai,
[13:16]   Shai : 3 hours – (10:12) Shai :NF likely to stall at vwap/ dpoc now for some time
[13:24]   Ashish : Shai, Relinfra downside levels.
[13:27]   Dharamveer : since morning BN future trading below spot any specific reason
[13:29]   r m : May has dividend payouts too, could be one of the reason
[13:30]   Ashish : (09:43) Shai :Mahesh lots of factors in play like cost of carry, dvidends, etc and can’t pinpoint 1
[13:31]   Ashish : For Dharam Paaji:)
[13:31]   Hemant : Premium eroded on NF almost?
[13:35]   Shai : Relinfra upside obj done can see 426/421 with sl of 443
[13:35]   Ashish : Thanks Shai;)
[13:36]   Shai : RM maintains a handy sheet- pls refer to it also if looking at specific stocks
[13:37]   Shai : Levels valid for a week- check back on Mon / tues if lookig for entry/ exits
[13:37]   Ashish : ok
[13:38]   r m : @Shai, is it possible to give developing weekly values for NF and BNF?
[13:39]   Shai : sure
[13:39]   r m : weekly bars are also inside in both (so far)
[13:39]   r m : thanks
[13:39]   Shai : 8267-8244-8153
[13:40]   Shai : 18231-17969-17885
[13:40]   r m : Thanks
[13:40]   Shai : weekly dev values
[13:40]   r m : yes
[13:55]   Pawandeep : @ shai can market close @ wvap & dpoc
[13:58]   Shai : on friday cannot ay for certain
[13:58]   Shai : Fri close is always higher timeframe and not dictated by day dynamics
[13:59]   Pawandeep : 🙂
[13:59]   Shai : still a close can be 8224F or higher at 8331
[14:04]   Shai : Buyers in NF
[14:07]   Shai : Buy NF abv 8276 sl 8248 tgt 8314- Go with 50% qty only
[14:08]   Venkatesan : ok
[14:16]   Shai : For your weekend read if you want to know the 5 min chart a bit clearer : https://www.youtube.com/watch?v=pgnN_2p_uuo
[14:17]   Ashish : Thanks for the link Shai.
[14:27]   Hemant : Shai, safe to short 8100 PE?
[14:28]   Shai : yes can short for next few sessions
[14:28]   Hemant : Got it 🙂
[14:43]   Shai : still NO OTF
[14:44]   Shai : vol under 7 L today
[14:44]   Shai : 70L
[14:44]   Vivek K : all OTF are waiting for you shai to make the move 🙂
[14:45]   Shai : that 15 mins volumes currently abv 3.4 L should go abv 6L
[14:45]   Shai : 🙂 And I’m waiting for them 🙂
[14:46]   r m : 🙂
[14:50]   Porus : Shai, OTF struch in bnf today?
[14:51]   Porus : *struck
[14:51]   Shai : 18070 buyer vah
[14:57]   Porus : Shai, any entries for next week?
[15:00]   Ashish : FA in BNF
[15:01]   Shai : yes cn be an FA
[15:01]   Shai : Porus margnal long position
[15:02]   Shai : loook for 8331/ 8367 early next week
[15:02]   Vivek K : todays profile looks like madonna’s iconic conical bra
[15:02]   Sudhakar : lol vivek
[15:03]   Shai : 🙂
[15:03]   Venkatesan : good joke by vivek
[15:03]   Ashish : 🙂
[15:05]   Venkatesan : shai close above today;shigh?
[15:16]   Vivek K : never seen a duller friday than this
[15:17]   Shai : Venkatesan mkt answering your query 🙂
[15:17]   Shai : Yes for a volaile Mon, tues, wed this is a timid close
[15:17]   Venkatesan : yes shai
[15:18]   RK : am worriried again for Monday :)..many scrips have inside day and narrow range…chances of hitting highs and lows on Mon again
[15:18]   Hemant : Nothing levels like the market.. ended up with a crumpled shirt 🙁
[15:19]   Hemant : Naked PONC 🙂
[15:19]   Venkatesan : shai ji, pre and this week closing are positive what does thie mean
[15:20]   Venkatesan : day vol 40% lesser than sterday
[15:20]   Shai : would have been more convincing if we did this weekly close abv 8278 and 18190 spot, but this is still positibve into next week
[15:21]   RK : Shai expecting sideways Monday based on today’s profile?
[15:21]   Shai : No
[15:21]   RK : seems sellers in last mins
[15:21]   Shai : Mon can move well
[15:21]   RK : fine
[15:23]   Venkatesan : shai 2 lots bought at 8246 can i carrry?
[15:24]   Shai : staying flat is better but sl will be 8194 for 8331 on Mon
[15:24]   Venkatesan : thank u
[15:25]   Hemant : A big move next week expecting.. today was narrow, almost pathetic
[15:25]   Shai : roughly 8138- 8372 F range projecting as a initial breakout
[15:26]   Shai : 8220- 8285 ref levels for Mon
[15:29]   Hemant : Shai & folks, have a great weekend. Time for some day drinks 🙂
[15:29]   Pawandeep : GOOD BYR ALLLLLLLL
[15:29]   Sudhakar : cheers hemant
[15:29]   Ashish : Bye all, Have a good weekend:)
[15:29]   Vivek K : hope we dont end up drowing drinks on a drab monday market. bye all
[15:30]   Shai : Bye all
[15:30]   Shai : Enjoy the weekend
[15:30]   Moses : Bye all
[15:30]   Venkatesan : thank u shai, rm and friends
[15:30]   Pawandeep : GOOD BYE Alll
[15:30]   RK : thanks and bye all
[15:30]   r m : Thanks and bye all, enjoy a chartless weekend 🙂
[15:30]   Porus : bye all