OrderFlow charts and Notes 15/09/15

[08:48]   r m : Good Morning folks!
[08:49]   r m : http://vtrender.com/levels-and-plan-for-16th-sept-2/
[08:49]   r m : http://vtrender.com/orderflow-charts-and-notes-150915/
[08:49]   r m : http://vtrender.com/consolidated-orderflow-150915/
[08:49]   r m : Nifty SEP Future levels | KRA 7850 | Hypo1 above 7850➜7882➜7946 SL 7801 | Hypo2 below 7793➜7762➜7741 SL 7845
[08:49]   r m : Banknifty SEP Future levels | KRA 16800 | Hypo1 above 16879➜17085➜17284 SL 16779 | Hypo2 below 16447➜16566➜16269 SL 16745
[08:49]   Chandrashekhar : GM rm
[08:50]   r m : Hi Chandrashekhar
[08:50]   Augustin : GM all
[08:55]   Porus : Hi RM and all
[08:58]   r m : Hi Porus
[08:58]   Ashish : GM Rm and friends
[09:01]   r m : Hi Ashish
[09:01]   Moses : GM All
[09:01]   Misaal : Good morning guys
[09:02]   Tejpreet : GM all.
[09:02]   Shai : GM all
[09:02]   Girish : GM everyone
[09:03]   Jay null : gm, up trend in making today?
[09:06]   Srini A : GM All
[09:07]   Tejpreet : Hypo 2 target above 7882 is 7946 …so maybe we can still make couple of points despite gap up 🙂
[09:07]   Shai : yes we go bullish abv POC today and asl long as 7826 remains
[09:08]   Shai : strat is to add on dips upto 7850 50% qty and balance on conf abv 7892 tgt of 8003 for auction
[09:08]   r m : 7870-90 seller will have to disclose his hands at open
[09:09]   Vikkas C : Gdmrng all
[09:09]   Vikkas C : Hi RM
[09:09]   Shai : profile is a 3 day balance but stronger buyers at lows per orderflow in that 3 day balance
[09:10]   r m : Hi Vikkas
[09:11]   Jay null : shai 8003 auction today ?
[09:12]   Santosh : Gm al
[09:12]   Mukesh : good morning all
[09:12]   r m : it is always a mystery to me how these guys manage to stop at figures like 7801/16701!!
[09:12]   Sharad : GM all
[09:15]   Shai : can’t rule out 8003 but it is a fig for the current auction, not on intra day scale
[09:16]   Tejpreet : Vol of 6 l plus in first 5 min would be good vvol
[09:16]   Uttam : exit the PEs shai?
[09:18]   Shai : wait- exit if 7895 crosses in F
[09:18]   Uttam : okies
[09:21]   Shai : Place an NF buy abv 7897 sl of 7871 tgt 7927/ 7946
[09:23]   Shai : 2 open sellers are there near 7880- 7885
[09:23]   Aayush : can we short with sl at 7897?
[09:23]   Shai : yes
[09:23]   Shai : tgt poc
[09:25]   Shai : 16875 open ref in BNF
[09:26]   Girish : so, go long BNF above 16875 ?
[09:28]   Shai : yes
[09:29]   RK : GM Shai,RM and all
[09:29]   Shai : Profile has opened up near the edge of the 3 day balance and abv 3 day poc
[09:29]   Shai : we will wait for edges to be taken out for a buy conf
[09:29]   Girish : what’s the 3day POC for BNF, Shai ?
[09:30]   Shai : that ensures teh day is not rotational but directional
[09:30]   Shai : 16749 poc
[09:30]   Girish : thanks
[09:30]   Shai : on MP chart
[09:31]   Varun : awesome shai
[09:31]   Shai : 7845 / 78118 fairly equal
[09:31]   Varun : this looks much btr
[09:32]   Uttam : Shai if bnf buy triggers, SL will be 16749 or today’s low?
[09:32]   Shai : Varun 🙂
[09:32]   r m : Hi RK
[09:33]   Shai : Uttam 16749 safer for day to play out
[09:33]   Uttam : thanks Shai
[09:33]   Shai : we are coming into the day expecting some directional move ahead of friday
[09:34]   Shai : no time to snooze today, if not now the mkt has to make up it’s mind in last hour
[09:36]   r m : let us get big flasks of black coffee 🙂
[09:36]   Shai : 🙂
[09:37]   Varun : will these 3 big sllers be responsive @shia
[09:37]   Varun : shai
[09:37]   Varun : full day
[09:39]   Rahul P : make them trapped seller now….we will have a rocket launch
[09:41]   Shai : yes Varun could be overnight players
[09:42]   Shai : Rahul vwap is flat – your rocket is building a base to take off from
[09:43]   RK : Dow 200 + is nothing actually but timing of that move yday cheering up gloebex
[09:43]   Rahul P : seems inviting seller inventory as a base for launch
[09:43]   Vikkas C : +1 RK
[09:43]   RK : *globex
[09:51]   Jay null : individual bank stks seeing buying / short recovery .. BOB Indus.. interesting for BNF
[10:00]   Uttam : BNF long entered @ 16880 SL 16749
[10:01]   Rahul P : 8000 ce entered
[10:03]   Shai : BNF does not have any active sellers in that last drop to 16810
[10:03]   Shai : NF also shoing dips bought
[10:03]   Uttam : buyers seen in BNf now?
[10:03]   Shai : yes
[10:04]   Uttam : how are volumes today Shai? better than past 2 days?
[10:06]   Shai : No vol going down
[10:06]   Uttam : ok
[10:07]   Shai : if you see that blue line in the vol pane, the more bars pierce that line the higher will be day vol
[10:08]   Uttam : yes last one just touched that line i guess
[10:08]   Uttam : for BNF
[10:13]   RK : and it tries to enter yday value…
[10:16]   Uttam : taking support @ YVAH – bullish?
[10:16]   Uttam : which is also today’s VWAP now
[10:16]   Uttam : 7860-7862
[10:16]   Tejpreet : So we get a small ib …set or trending move as day progresses
[10:16]   Bhagya : 7844 is a crucial support on nifty futures for the day. Unless it breaks decisively, no selling for me
[10:17]   Bhagya : keeping stoploss at 7844, desperate trades can only be on the long side now. But I am giving pass today to trade but watching markets closely for learning
[10:20]   Vikkas C : yesterday gace dow gave such a nice brkout from a 5 day range and zoomed up ..why cant NF can do the same .. 🙁
[10:20]   Vikkas C : *yesterday dow
[10:20]   r m : nifty did it while we were sleeping 🙂
[10:20]   Vikkas C : haha
[10:22]   Uttam : Shai for BNF can we reverse the trade @ 16749 for shorts or shorts better below yestrday’s low?
[10:24]   Shai : yes Uttam
[10:24]   Jay null : NF buy orders to be placed bet 7845-50?
[10:24]   Uttam : yes for reversing @ 16749?
[10:24]   Shai : yes Jay sl of 7820
[10:25]   Shai : if reversing 16740 sl will be 16810
[10:25]   Uttam : thanks Shai
[10:26]   Aayush : shai, any possibilities of sub 7600 lvls by monday ?
[10:29]   Ashish : test
[10:31]   Shai : Possibilities are always there Aayush
[10:31]   Shai : my suggestion would be not to go into the event over-leveraged
[10:31]   Shai : cut down on exposure. there is a market on friday as well
[10:31]   RK : 7600 and 8000 equal chance here if we rotate again today 🙂
[10:31]   Vikkas C : agreed shai ..not a one day mkt
[10:32]   Uttam : which means close out most of the positions EOD
[10:32]   Shai : even your cash and stock F , ensure that there is not much leverage
[10:34]   Vikkas C : shai all the banks are weakning here
[10:36]   Shai : Vikkas vols are not yet there- hardly 700k
[10:37]   Shai : looks like the big players are undecided for today close
[10:37]   Shai : and maybe giving the locals a chance to push the mkt somewhere
[10:37]   Vikkas C : thanx shai
[10:37]   RK : from experience, we had opposite gap opens this week, had whips intra too by fading extremes and formed a balance..after all such whips and frustration, if we follow the conviction based on today’s close, we will be rewarded for positions that are being carried..but all said, we had one very very bad day due to Greece poll announcement..that gap down was against all odds which were positive on prev Friday close..
[10:37]   Shai : and locals can bring it back to poc only
[10:38]   Uttam : which in BNF’s case has already happened
[10:38]   RK : 29th June gap down
[10:39]   RK : but that gap down taught me one great lesson..if we have gaps news which are due to some very unexpected events, mostly those gaps get filled during days..
[10:40]   RK : *during day
[10:41]   Vikkas C : agreed RK.. that is always the case with dow actually ..
[10:46]   Aayush : RK ji, cant really rely on it.. lot of times it has continued in the direction.
[10:48]   Aayush : if a gap is there, the IB brkout is a good way for the trend decider
[10:49]   r m : every 30 minute bar is lower low so far
[10:50]   Jay null : shai, if we balance here entire day (except last hour), what could be probable action
[10:50]   RK : Aayush yes it depends on the pre-event directional move..if all odds are pointing one direction but mkt gets some very unexpected news leading to opposite gap means higher chances they retrace to fill gap atleast most of it..atleast we can wait for first 15 mins to know if gap is going to sustain..best example was Greece poll announcement on that Saturday..till Friday all looked good..so that gap down on Monday didnt sustain..
[10:51]   RK : RM any scary movie in making? 🙂
[10:51]   Shai : Jay then the mkt is uncertain but that gap up or down may get filled in 80% cases with the week
[10:51]   Shai : within**
[10:52]   r m : @RK, if we ignore previous days then it looks like trend day in making, guess IBL break may give 80%
[10:53]   RK : you got it RM..IBL gone 🙂
[10:53]   r m : yes, but vwap bands are not too impressed 🙂
[10:54]   Jay null : shai gap is filled on daily chart..
[10:54]   RK : there is always a seller when you raise and always buyers when you dip..what kind of mkt it is RM 🙂
[10:54]   Shai : yes needs to come abv IBL
[10:54]   r m : @RK, random 😀
[10:55]   RK : yep until they hear from much hyped Fed 🙂
[10:55]   RK : they even started count down like Missile launch..innovative ways to kill trader’s peace 🙂
[10:55]   r m : OTF left a lollipop at 7900 and told day players “come on baby, play till we come back” 🙂
[10:56]   Vikkas C : im confused to short here or wait for YPOC to go or wait for a test of vwap
[10:56]   Uttam : we have a vol spike @ low for NF?
[10:56]   Uttam : also for BNF?
[10:56]   RK : RM 🙂
[11:01]   Shai : Buy NF abv 7862 sl of 7841 tgt 7882/ 7897
[11:08]   r m : fast leg up by BNF
[11:09]   Uttam : good volumes in BNF?
[11:12]   Vikkas C : BNF is coiling up very beautifully ..pls pls stay this way full day today u beauty ..and give a brkout on friday 😉
[11:14]   RK : by close some major inverntory management will be done is what I expect..
[11:14]   r m : @Vikkas, should not miss the seller who whacked it with a 30 pound hammer at 16860 🙂
[11:14]   Girish : Prayers galore 🙂
[11:15]   Vikkas C : agreed RM
[11:15]   r m : Traders and Prayers rhyme well 🙂
[11:16]   RK : Jay gap fill on what context?
[11:16]   Girish : true rm 🙂
[11:17]   RK : are you considering yday high?
[11:17]   RK : RM athiests dont have thay luxury too in tough times 🙂
[11:18]   Shai : no selling below IBL
[11:18]   Shai : back to vwap
[11:18]   Vikkas C : and big buyers
[11:18]   Shai : BNF cheer leader again
[11:18]   Uttam : 🙂
[11:18]   Shai : will be one bar ahead always 🙂
[11:19]   r m : Yes RK, I was a confirmed athiest who waited eagerly for census workers every ten years to fill in the religion status 🙂
[11:19]   RK : Shai but its doing cheeky play like heroines behind trees..let it come out masculine 🙂
[11:20]   RK : RM lol
[11:20]   Uttam : volumes increasing Shai?
[11:20]   Vikkas C : @RK hahahahhahahaha
[11:21]   Shai : :slight increse Uttam
[11:21]   Shai : RK haha
[11:30]   Chandrashekhar : shai can we buy 7850 CE+PE at around 250ish going to the event?
[11:31]   Chandrashekhar : or is there any other strategy to play this event, if one has to play
[11:32]   r m : @Chandrashekhar, there should be a steep drop in VIX on Friday Open, will lose premium on both side
[11:33]   r m : [11:08] Shai : best iis to do calendar spreads
[11:33]   r m : from yesterday chat
[11:33]   Anay : best is SOH till Friday morning 🙂
[11:34]   Vikkas C : SOH ?
[11:34]   r m : [11:08] Shai : sell sept and buy OCT
[11:34]   r m : [11:09] Shai : you should be in positive regardless of what the FED does and making it a 2 way straddle is almost risk free
[11:34]   Anay : Sit on Hand 😉
[11:34]   r m : lol
[11:35]   Anay : this term was coined by Saint IIRC
[11:35]   Chandrashekhar : hahaha, @anay that looks like the best option
[11:36]   r m : yes, though hands might complain 😀
[11:36]   Vikkas C : 🙂
[11:36]   Vikkas C : charts ?
[11:40]   Shai : back
[11:41]   Uttam : yep
[11:42]   Mukesh : Anay, How you find truedata and service …I am new in Ninja trader …
[11:43]   Mukesh : Anay , Can I email you seperatly for this discussion..
[11:43]   Tejpreet : Coffe is getting cold like the market ……another dull day.
[11:44]   r m : add icecream 🙂
[11:44]   Tejpreet : hahaha RM
[11:47]   Shai : 🙂
[11:47]   Shai : auction is very interesting though- dip buyers only have to pull out the 3 rows of reds to go up and away
[11:47]   Tejpreet : Would love that 🙂
[11:48]   Uttam : 3 rows of red at top 59350, 346035 & 478501
[11:48]   Uttam : ?
[11:48]   Shai : yeah
[11:48]   Uttam : thanks 🙂
[11:48]   Uttam : getting there
[11:48]   RK : any gap holding VAH/POC is good ..Shai possible for FA at low?
[11:49]   Shai : now watch that 478501 to increase or decrease over next 30 mins
[11:49]   Shai : NF near tgt 1 book 50% and bring bal to cost 7861
[11:50]   Rahul P : again a high vol node…..bears defending
[11:50]   Shai : can add back over 7897 with sl just under vwap for full trade
[11:58]   Anay : @Mukesh unfortunately didn’t get much time to explore it. but at the outset, looks good.
[11:59]   Anay : would go for it once my GDFL subscription expires
[12:00]   Uttam : Shai SL for NF longs now will be below 7870?
[12:00]   Tejpreet : Nifty finally moves to target .
[12:00]   Uttam : 7869?
[12:01]   Jay null : shai .. incass now nifty come down 7861 to add?
[12:03]   Ashish : Big seller @ top
[12:04]   Tejpreet : But not visible on daily
[12:06]   Shai : Sl for NF will be just below vwap
[12:06]   Shai : No Jay should not come much below 7880
[12:06]   Ashish : test
[12:06]   Uttam : so 7872 for now we can keep SL?
[12:08]   Shai : yes
[12:08]   Uttam : BNF longs can be revised to just below VWAP too? 16825?
[12:08]   Shai : tgt 16970 for now
[12:08]   Shai : yes
[12:09]   Uttam : thanks Shai
[12:12]   Shai : one seller still there at 7880 from open and may be trapped
[12:12]   Shai : if price comes back to 7885 we look for signs of his exit
[12:16]   Uttam : BNF tgt is here Shai, book out or hold as we may end at day’s high?
[12:16]   Jay null : shai, full trade tgt 7946?
[12:17]   Anay : one more seller near 7910
[12:18]   Shai : yes
[12:19]   Shai : sellers are here
[12:19]   Shai : even in BNF
[12:20]   Uttam : BNF exit longs or trail SL?
[12:20]   Shai : BNF book
[12:21]   Uttam : okies booked out @ 16970
[12:23]   Shai : test of 16870/ 7885 due again
[12:25]   Jay null : shai buy at 7885 for 7946?
[12:25]   Shai : yes can do that if greens show
[12:25]   Uttam : same for BNF @ 16870?
[12:25]   Shai : yes
[12:26]   Uttam : right now more sellers in BNF on top?
[12:26]   Shai : with ref to that part booking for intra postions, when you see a vol spike and sellers at the top of the spike in 3 rows on 5 mins, it’s better to take some profits ad review
[12:27]   Uttam : hmmm right
[12:27]   RK : Shai profile gap fill at 17025-17090 bullish or should look at as resistance?
[12:28]   RK : also NF leaving FA at low and filling gap at 7944?
[12:28]   Shai : RK I’ll go for 17300+ if we cross abv sl of 16930
[12:29]   Shai : yeah good point – we have an FA at lows in NF
[12:29]   Uttam : close above 16930 you mean Shai?
[12:29]   Shai : yes
[12:29]   RK : ok we will go there with you 🙂
[12:29]   Shai : 🙂
[12:29]   Uttam : 🙂
[12:29]   Shai : more or less that FA is in line with the 7850 spot ref
[12:30]   Shai : so whatever happens over froday we use that point as bias into next week
[12:31]   RK : yes I highlighted two things from you..holding 7560, we will visit 7950..which is almost done..next macro view is, ST above 7850, 7930-7990..lets wait
[12:33]   RK : so roughly 7850 and 16900 to decide fate on Friday
[12:36]   Shai : price staying up abv IBH
[12:36]   Shai : sellers are not favorable
[12:36]   Rahul P : buy again ?
[12:37]   Shai : yes can
[12:37]   Shai : sl will be 7880 on day from here
[12:37]   Jay null : are we on for 8003?
[12:37]   Uttam : so can revise SL for all NF longs also to 7880
[12:37]   RK : possible all those sellers may be some booking who has been buying dips for last few days
[12:38]   RK : 7720 and 7820 dips
[12:38]   Shai : that 1st morning trade is still on here- NF buy abv 7897 – we didn’t part book that
[12:38]   Uttam : yep
[12:39]   Uttam : that SL will be 7871 or 7880?
[12:41]   Shai : 7880 good enough
[12:42]   Uttam : thanks Shai
[12:43]   Shai : vix down 21.8
[12:44]   Shai : yesterday fii’s covered all ther long calls and long puts and went short options
[12:44]   Uttam : Vix was supposed to rise before the event na Shai? Does it mean direction already established by the market?
[12:46]   Shai : well it did rise days before the event
[12:47]   Uttam : but does vix falling today means we may not have much downside to test today?
[12:48]   Shai : yeah it seems to suggest that long puts may have covered
[12:48]   Shai : have not checked OI data though
[12:48]   Tejpreet : Vix can rise post event also ….say Yellen raises rates by .75 % 🙂
[12:48]   Rahul P : lol
[12:49]   RK : Tej why do yo want Shemiath now 🙂
[12:49]   RK : Shemitah
[12:50]   Vikkas C : whats that RK
[12:50]   Tejpreet : Hahaha RK …for my few points event have got no role to play.
[12:51]   r m : @RK, Tejpreet can draw a point while Yellen pauses for a glass of water 🙂
[12:51]   RK : Vikkas dont google it..they are talking about end of world this month 🙂
[12:51]   RK : RM true 🙂
[12:51]   Tejpreet : 🙂
[12:52]   Vikkas C : ?
[12:52]   Vikkas C : really ..exciting times ..lol
[12:53]   r m : This world is such a shameless thing it goes on and on inspite of repeated doom forecasts 🙂
[12:54]   RK : Vikkas thats nothing.some seasonal weird personalities sometimes want to steal the show..so one such guy is talking about this and it has been viral spread in social media..
[12:54]   Vikkas C : damnnn..why dont these kids do something useful with their lives man ..waste of energy
[12:55]   Tejpreet : And the best is it pertains to only the land of origin ..it has no effect outside the area.
[12:58]   Anay : @Vikkas check this https://www.youtube.com/watch?v=5VsKQQc57IQ
[12:59]   Jay null : indus ind days high
[13:01]   Vikkas C : thanx any for the link 🙂
[13:01]   Vikkas C : *anay
[13:01]   r m : we watch only Dalton videos 😀
[13:01]   Vikkas C : ahaha RM
[13:02]   RK : Curious to know what would be mkt reaction if Fed hikes 0.25 Thursady and RR cuts 0.5 on Friday morning # catch 22 🙂
[13:02]   Vikkas C : rishi(justfintech) is apparently in talks with dalton for a seminar here in india
[13:02]   Uttam : RM any list of Dalton videos you have or do i just google it & watch?
[13:02]   Uttam : wow that would be great
[13:02]   Vikkas C : @uttam type dalton on youtube and ull get everything
[13:02]   r m : @Uttam, someone here gave a link for his vision series
[13:02]   RK : we dont want Dalton..let Shai arrange a meet..that would be more apt for us 🙂
[13:03]   Uttam : actually yes Shai’s teaching would be apt for the market we trade in
[13:03]   Vikkas C : +1 RK cent percent agreed with u
[13:03]   Uttam : thanks Vikkas
[13:03]   Vikkas C : no worries sirjee 🙂
[13:04]   r m : @RK, 🙂
[13:04]   RK : but personally I dont think separate sessions are needed as he writes everything here daily in comments,post etc..what all we need is focus and shoot right questions to him..but positions carry us away from context 🙂
[13:04]   Tejpreet : Profilers carnival on lines of traders carnival 🙂
[13:05]   Shai : I don’t think Daltom travels, haven’t read about him holding a live seminar, but he does few webinars regularly
[13:05]   Vikkas C : @shai he said he had a word with him last night
[13:05]   Suyash : Shai does it look like BNF is having a DD trend day?
[13:06]   Shai : ok Vikkas
[13:06]   Varun : max he will do a webinar
[13:06]   Shai : Suyash BNF is a DD alright
[13:06]   Shai : good pick
[13:06]   Uttam : but NF does not has a single print in between right?
[13:07]   Shai : yes NF is an NV so far
[13:07]   Uttam : so NF will be normal variation?
[13:07]   Uttam : thanks
[13:07]   Suyash : thanks
[13:14]   r m : @Shai, that small transgression below IBL not counted?
[13:24]   Jay null : big seller at 7900?
[13:25]   Anay : let sellers at top bring 7824 😉
[13:26]   Shai : yes RM need buying supp
[13:30]   Shai : BNF still abv IBH
[13:30]   Chandrashekhar : @RK dont think RRR will cut if fed rises, if there is no hike then we might see a cut
[13:31]   RK : ok Chandrashekhar
[13:33]   Shai : since context is a 3 day break abv I put ref line at 7892 and allowd day vwap as filter- (13:14) r m:@Shai, that small transgression below IBL not counted?
[13:33]   Shai : if 7880 breaks we see day low and even 7824 again
[13:34]   r m : @Shai, that was in context of (13:07) Shai :yes NF is an NV so far – I thought NF was Neutral
[13:35]   Shai : oh yes you have it right, it is neutral
[13:35]   Shai : I stand corrected
[13:35]   r m : 🙂
[13:36]   Aayush : so shall exit remaining longs?
[13:36]   Shai : exit
[13:38]   Shai : we can rebuy the strory abv 7915 with sl of IBH for a close at day highs
[13:38]   Shai : story*
[13:38]   Shai : but vwap is still a good sl on day
[13:48]   Vikkas C : copied from twitter : Past 24 Fed meetings over the last 3 years…. 14 non-events for Indian markets(Bank Nifty), 3 gap down and 7 gap up!
[13:49]   Shai : only 446500 remains- tells us shorts are not intersted to stay into the close- (11:48) Uttam :3 rows of red at top 59350, 346035 & 478501
[13:54]   Shai : last 15 mins of orderflow should tell us the mkt positioning into event
[13:54]   Sandeep : you mean todays last 15 mints of market time
[13:55]   Shai : yes
[13:55]   Shai : vol is 76L – so not a lot of huge positionaing as one would think, but still should give us a fair idea
[14:00]   Shai : Close all NF longs below 7892.
[14:01]   Uttam : yep put TSL @ 7889
[14:01]   Anay : K period begins 😉
[14:02]   Vikkas C : whats with the K period anay
[14:02]   Vikkas C : have noticed u and varun talk abt it a lot here
[14:02]   Uttam : Varun’s fav I think
[14:03]   Anay : good moves/extensions happen in K period as per Varun 😉
[14:03]   RK : Yep big daddies login after lunch 🙂
[14:03]   Varun : ahem ahem
[14:03]   Vikkas C : ahhh..ok thanx
[14:03]   Vikkas C : and here he comes
[14:03]   Vikkas C : lol
[14:03]   r m : right now it should be M period going on 🙂
[14:04]   Varun : no i dnt like k period extns
[14:04]   Varun : thr are late in day
[14:04]   r m : K (Ketu) is gone 🙂
[14:04]   Varun : i like 11.45/12.15 ones
[14:04]   Varun : thy hold
[14:04]   RK : and today lets wish they are tired of shorts and scratch everything to take a fresh look on Friday 🙂
[14:04]   Varun : but slight diff today
[14:04]   Varun : bulk has moved up
[14:04]   Varun : bulk =poc
[14:04]   Anay : ok
[14:04]   Varun : so can do it if it wants
[14:04]   Varun : 45 will nt come into play
[14:05]   Varun : bnf shoeing signs of highest close if 16900 holds
[14:06]   RK : Max I expect a close at yPOC of they push it down..look at that nice profile of last 3 days..dont spoil the effort by showing <7850:)
[14:06]   RK : *if they
[14:06]   Anay : I am looking for a close at vwap/poc
[14:07]   Varun : vwap /poc today or yesterday @anany
[14:08]   Anay : today
[14:08]   Varun : poc around 7900
[14:09]   Varun : vwap lower
[14:09]   Varun : i think
[14:09]   Varun : vwap 85
[14:09]   Varun : lets see
[14:09]   Rahul P : any chance for 7940 – 65 ?
[14:10]   Varun : this 10 lakh seller can give a wild swing if forced to cover at close
[14:11]   Vikkas C : on daily
[14:11]   Rahul P : @ waht price varun is the 10L seller ?
[14:12]   RK : this candle pathetic vol
[14:13]   Varun : look at full day oflow
[14:13]   Varun : top 2 sellers
[14:13]   Rahul P : ok, got it
[14:13]   Vikkas C : dpoc shifted up in bnf
[14:14]   Varun : dpoc shift up is a double edged sword sometime
[14:14]   Varun : wht happens after tht is impotrant
[14:15]   Varun : shai what’s qt at 92
[14:15]   Vikkas C : past experience what happened ?
[14:16]   Varun : price shld stay abv it, else could be distrubtuion
[14:16]   RK : Varun LVNs refined with algo
[14:16]   RK : is QT
[14:16]   Varun : cool
[14:16]   Rahul P : sl gone
[14:19]   Jay null : short for 7824?
[14:22]   Ashish : 6 lakh seller @ dpoc going to kill it now
[14:22]   RK : they will make exit
[14:23]   Ashish : where???
[14:23]   RK : if you see greens then its him
[14:23]   Varun : 2.15 candle has 0 delta in such heavy selling
[14:23]   Ashish : ok RK
[14:24]   RK : Ashish at cost or above vwap
[14:25]   Ashish : Not much greens coming
[14:25]   Kiran : that seller has covered at vwap
[14:25]   Jay null : shai nifty again buy above 7892?
[14:26]   Shai : No Jay wait
[14:31]   Shai : Fairly balanced auction here, hugging vwap
[14:31]   Vikkas C : SHAI by any chance do u see something like 24th aug playing out on friday ??
[14:33]   Shai : NF is s shrt below 7878 with sl of 7898 for 7850
[14:33]   Shai : No Vikkas that profile was a drive down from a gap
[14:34]   Vikkas C : ok
[14:34]   Shai : this one is neutral and 2 TF
[14:34]   Ashish : Finally captain approved the shorts 🙂
[14:34]   Shai : can cllose at center or one extreme
[14:36]   RK : but close below 16900 for BNF is not good sign for longs..right Shai?
[14:37]   Shai : yeah
[14:37]   Uttam : yep close above 16935 will be bullish right?
[14:37]   RK : yes
[14:38]   RK : HDFc breaks highs 🙂
[14:40]   Uttam : spike time Varun it is 2:45
[14:40]   Rahul P : show me 7940 plz
[14:41]   Vikkas C : do we have a poor high in nf & bnf
[14:41]   Vikkas C : today ?
[14:41]   r m : yes
[14:42]   Uttam : yep
[14:42]   Vikkas C : thanx RM
[14:43]   Uttam : plus we have a very small buying tail @ lows today right on both NF & BNF?
[14:43]   r m : welcome 🙂
[14:44]   Shai : move abv dvah is a go signal again with sl of IBH for the extreme close
[14:44]   Shai : yes can give 7946
[14:44]   Jay null : shai pls give levels
[14:44]   RK : but those blue lines are doing hulk job 🙂
[14:44]   Shai : 7911 dvah
[14:44]   Uttam : buy above 7912 SL 7899
[14:45]   Shai : yes can’t risk more than 10- 12 points as play if for close only
[14:49]   Vikkas C : shai any option strategy u suggest for friday 🙂
[14:51]   Shai : buy 2 x oct 8000 ce sell 7900 ce sept x 1
[14:52]   Shai : nothing happening yet with vols
[14:52]   Shai : anybody told the FII’s it is closed tom? 🙂
[14:53]   Rahul P : lol
[14:53]   Tejpreet : 🙂 but calls are not dropping with nifty fall
[14:54]   Augustin : LOL
[14:54]   Naveen : shai, Implication on the statergy?
[14:55]   Shai : Slightly bullish into the event- 7900 ce should lose prem and 8000 ce should hold better
[14:55]   Shai : even if we get a gap down I anticpate a pull back as this is 3 day value
[14:56]   Shai : the close 7900 ce and keep the 8000 ce for next week
[14:56]   Shai : then*
[14:57]   Ashish : Shai, can do strategy in multiple lots also with ratio as suggested by you
[14:57]   Shai : yes can
[14:57]   Ashish : thanks
[14:57]   RK : looks like FIIs dont want to adjust existing posn ahead of the event 🙂
[14:57]   Sandeep : all fireworks saved for friday in nf ?
[15:00]   Vikkas C : not taking any positions ..chuck it ..going clean here 🙂
[15:00]   Anay : good. SoH
[15:00]   Anay : 😀
[15:02]   Vikkas C : yes anay ..no tension
[15:05]   Vikkas C : most of twitter and pvt grps are all bearish ..
[15:06]   Vikkas C : is mkt giving any bearish signs..what am i missing
[15:08]   Anay : you are missing nothing. just chill 🙂
[15:08]   Vikkas C : 🙂
[15:08]   r m : difficult to see with ordinary vision, one needs divyadrishti for that 🙂
[15:08]   Vikkas C : hahah RM
[15:09]   r m : Sanjay wasted it on Dhritrashtra, should have used it for trading 🙂
[15:09]   Srini A : @RM, You mean BRD’s Divyasdrishti? Thats one hell of painful vision 🙂
[15:10]   r m : what is that Srini?
[15:11]   Srini A : Baba Ramdev’s eye drops . t has got lemon, honey and ginger 🙂
[15:12]   r m : lol, yeah, that one feels like someone is sawing off the surface of your eyeball 😀
[15:12]   Srini A : I was going to gouge my wyes after applying that 🙂
[15:13]   Srini A : *eyes
[15:13]   r m : it has got onion too, everything hearts, we should spray it in Paki’s eyes at border 😀
[15:13]   Srini A : hahaha
[15:13]   r m : *hurts
[15:13]   Jay null : last 15 mins action
[15:13]   RK : Certainly some brave hearts are shorting this mkt wherever it goes upside..
[15:14]   Anay : whenever, wherever….bears meant to be together… 😛
[15:14]   RK : true Anay..bulls lost their sprit once we dipped below 8k 🙂
[15:15]   Anay : Have you heard the song?
[15:15]   RK : nope 🙂
[15:15]   RK : by whom?
[15:15]   Anay : Shakira’s song yaar. google it 🙂
[15:16]   RK : oh ok..will listen it after event..not now 🙂
[15:16]   Anay : lol
[15:16]   r m : 🙂
[15:17]   Vikkas C : big sellers here in nf
[15:20]   Shai : yes sellers are there
[15:22]   Shai : 9 mins more – only agg sellers now abv 7890
[15:22]   Shai : looks like a vwap clsoe also and a neutral center
[15:26]   RK : this cant get better..close at poc and vwap after 3 day balance ahead of event..
[15:27]   Sandeep : so where do we go from here
[15:28]   RK : only Yellen knows 🙂
[15:28]   Anay : 14:06 Anay : I am looking for a close at vwap/poc
[15:28]   Anay : 🙂
[15:28]   Tejpreet : Where we go ….. no idea ….but how we go is imp …bussiness class smooth ride .. no bumpy travel now.
[15:29]   Sandeep : great anay
[15:29]   Anay : yup. waiting for VIX to be smashed on Friday
[15:29]   RK : Shai..close above 7892 and 16930..rest we leave it to you 🙂
[15:29]   Rahul P : thick seller volume on top
[15:29]   Shai : Fair close Sandeep – mkt is not committed here either side
[15:30]   Anay : bye all
[15:30]   Anay : Happy Ganesh Chaturth
[15:30]   Shai : Bye all
[15:30]   Anay : Chaturthi*
[15:30]   Sandeep : bye all
[15:30]   Anay : cya on Friday
[15:30]   Shai : have a nice holiday
[15:30]   Moses : Bye All
[15:30]   Ashish : Bye all
[15:30]   r m : Thanks and bye folks, Have a Happy Ganesh Chaturthi 🙂
[15:30]   Uttam : happy ganesh chaturthi all of u
[15:30]   RK : thanks and bye all
[15:30]   Shai : Happy Ganesh Chaturthi
[15:30]   Sandeep : subh Ganesh Chaturthi
[15:30]   Porus : bye all
[15:30]   Vikkas C : bye all ..
[15:30]   Tejpreet : Bye All
[15:30]   Srini A : Bye All
[15:30]   Uttam : see you on Friday 🙂
[15:30]   Chandrashekhar : Bye All

[09:30]   Uttam : Shai open drive in reliance?
[09:33]   RK : Shai LT open drive continues..any obj..1530?
[09:36]   Uttam : ICICI looks bullish if crosses 273 cash?
[09:38]   Shai : not yet a drive in RIL but good for intra abv 870
[09:38]   Shai : supply minor abv 878
[09:39]   Shai : LT yes 1530 supp but biiger supp at 1515
[09:39]   Shai : that band may arerest the slide 1515- 1526
[09:39]   RK : fine..thanks Shai
[09:40]   Shai : yes icic good abv 274.3
[09:40]   Uttam : thanks Shai
[09:45]   Porus : Shai, where is the usdinr bound today?
[09:53]   Tejpreet : Shai views on Axis Bank.
[09:55]   Shai : usdinr 66.55 is intra day supp today
[09:55]   Shai : weekly still ina narrow 66.46- 66.66
[09:56]   Porus : ok
[09:57]   Shai : axis good abv 487 may tgt 494
[09:57]   Shai : 497 higher supply on weekly
[09:57]   Tejpreet : Thanks Shai
[10:02]   Vikkas C : whats up with bajaj auto and heromoto ..
[10:02]   Vikkas C : both have lost the plot today
[10:02]   Vikkas C : shai can u pls chk ?
[10:04]   Ashish : RK, hcltech is going good today 🙂
[10:05]   Shai : Vikkas I thought I would see a 3% down screen 🙂
[10:05]   Vikkas C : haha shai
[10:05]   Shai : 2372- 2393 next supply in bajaj
[10:06]   Shai : hereo 2380 minor supply but may go to 2399
[10:06]   RK : Ashish yeah HCL,Hero are trouser saviours today 🙂
[10:06]   Vikkas C : thanx shai
[10:07]   Ashish : 🙂 RK
[10:08]   RK : HDFC and TCS are locked in a range..break of range if happens today with overall sentiment they can make some good move
[10:08]   RK : past few days of range
[10:09]   Tejpreet : TCS could be the one to run today
[10:09]   RK : Check the highs of last few days both counters
[10:09]   Uttam : RIL not holding up, we could see the 80% play out there today, similar thing played out 2-3 days back, short below 866 for tgt 860
[10:09]   Ashish : OK
[10:10]   Ashish : Shai, Arvind is weaking… can short here
[10:15]   Ashish : @Rk, TCS and HDFC are seriously locked..
[10:20]   RK : Ashish yes..but when they break out, we will have some good move..Hero was also in same lock and now DR is forming such range
[10:22]   Ashish : yes Rk. Hero was also at monthly support. Maybe that was the reason of bounce today..
[10:23]   Shai : arvind drive down can see 271
[10:23]   RK : maybe
[10:23]   Shai : ensure that it breaks 275 cleanly
[10:23]   Shai : then 267/ 261 als0 poosible if carried
[10:23]   Uttam : RIL major support still @ 848 Shai?
[10:34]   Shai : no weekly supp is a bit down at 842
[10:34]   Shai : RIL may do 862 intra today
[10:35]   Uttam : ok but for positional still looks good?
[10:36]   Shai : yeah ok – 842 is weekly val – watch for conf abv 874 which is weekly vah
[10:36]   Uttam : thanks Shai
[10:36]   Shai : a good stock has to sustain abv weekly vah
[10:36]   Uttam : hmmm got it
[10:36]   Shai : 861 is the poc btw
[10:37]   Uttam : thanks Shai
[10:38]   Tejpreet : Shai when you say weekly lvl …are they for the past week …like you mentioned VAH in reliance .
[10:45]   Shai : yes
[10:46]   Shai : we look here at yesterday volumes for today in index and last week’s volumes in stocks for this week
[10:46]   Uttam : Coal India WVAH @ 340-341 right Shai?
[10:46]   Shai : yes 342
[10:47]   Shai : in auction market theory context is always on what it is doing now in relation to what it did yesterday or last week
[10:48]   Shai : and then you find out through orderflow whether it is doing a good job or not
[10:48]   Uttam : Coal has made multiple high of 340.7 almost daily last 4 days
[10:48]   Uttam : thanks Shai
[10:48]   Uttam : today also Coal high @ 340.6
[10:49]   Chandrashekhar : again amtek doing some funny things, but its in ban
[11:12]   Ashish : Shai, Mothersumi is looking good for positional play?
[11:17]   Mukesh : hh
[11:23]   RK : from stocks perspective still a 50/50 conviction about direction.seems have to wait for last hr
[11:28]   Shai : mothersumi still RB may become a buy abv 279 again with sl at last week’s lows
[11:29]   Ashish : thanks Shai
[12:05]   Anay : @Shai can you post Reliance 820-880 composite profile?
[12:07]   Uttam : BNF longs can be revised to just below VWAP too? 16825?
[12:09]   Shai : sure
[12:18]   Shai : RIL balance- http://screencast.com/t/y8SuI7fYw4gI
[12:22]   Shai : RIL bigger pic- 885 is the level to cross – http://screencast.com/t/u7xPDm4MJvy3
[12:23]   Shai : poc of yearly composite and chart shows that once below 940 the move went back to balance lows
[12:23]   Uttam : so above 885 could go back to 930-940?
[12:24]   Shai : yeah
[12:24]   Uttam : thanks Shai
[12:57]   RK : Shai BPCL good for short here or 866-68 would act as support?
[13:32]   Shai : BPCL good short can do 850 intra
[13:32]   RK : thanks Shai
[13:50]   Misaal : Shai, view on Yes Bank ?
[13:52]   Shai : yes bank in for 774/ 784
[13:52]   Shai : intra day res at 762
[13:52]   Shai : supp 737 now into next week