OrderFlow charts and Notes 16/04

[08:46]   r m : Good Morning folks!
[08:47]   r m : http://vtrender.com/levels-and-plan-for-16th-april/
[08:47]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-150415/
[08:47]   r m : Nifty APR Future levels Key Reference Area 8832 Hypo1 below 8832➜8792➜8764 SL 8859 Hypo2 above 8864➜8890➜8921 SL 8826
[08:47]   r m : Banknifty APR Future levels KRA 18795 Hypo1 above 18795➜18840➜18895 SL 18725 Hypo2 below 18725➜18660➜18575 SL 18799
[08:48]   Shai : GM all
[08:56]   Vishal : GM Shai
[08:56]   Vishal : GM All
[08:56]   RK : GM Shai,RM and all
[08:58]   r m : Hi RK
[08:59]   Tejpreet : Gm All.
[08:59]   Sharad : GM all
[09:09]   RK : Shai any intererence with the sell off yday..FII figs were alright..though sell off happened it didnt even break first support of 8730
[09:11]   Ashish : Gm all
[09:12]   Amit J : gm
[09:13]   Kris : gm all
[09:15]   r m : Hi Kris 🙂
[09:15]   Kris : Hi rm!
[09:16]   Shai : RK selling was done by prop shops
[09:16]   Shai : a move upto 8790 first and possibly 8830 will be good to evaluate the strength of that seller
[09:16]   RK : ok Shai..they will try to cover it today then
[09:16]   Shai : yes
[09:17]   Shai : best case for the seller- take it up to 8830 early and push it below 8790 by close
[09:19]   Kris : @Shai – 8738 spot vwap is it still relevant?
[09:20]   Shai : 18650 buyers
[09:20]   Shai : yes Kris valid for all month
[09:21]   Kris : thanks Shai
[09:21]   Shai : 🙂 Welcome- good to see u 🙂
[09:21]   Shai : RM- Kris and rahul back- any lines to draw?
[09:22]   Shai : Buy BNF 18700 sl 18635 tgt 18790
[09:24]   r m : @Shai, generally Kris is found here just before an IPM 😀
[09:25]   Shai : NF – buy abv 8791 tgt 8830 sl of 8769
[09:25]   Shai : Profile was a neutral extreme here and holding spike lows
[09:25]   Shai : looking for a move to test 8830 F
[09:26]   Shai : sl is day low from here minus few but momentum fr that move is abv 8790 F only
[09:28]   Shai : if abv 8790 F stops at 8810/ 8815 and sees sellers then possibility of DD profile and close today at day lows again
[09:29]   Shai : if no sellers come around 8830 then it can get pushed up to 8870 also
[09:32]   Tejpreet : Shai icici around 314 spot …very close to your 310 spot lvls …can we take a contra trade now buy 310 call at around 11. If BN has to rebound then icici should move.
[09:33]   Shai : Hold BNF sl of 18612
[09:36]   Shai : 310/ 312 still poss below 316 price
[09:36]   Shai : that long in icici is safer once price crosses 316
[09:37]   Shai : you will get 320 immediately and a possible 324
[09:41]   Tejpreet : Great ..Icici should give the move …will wait abv 316 only
[09:43]   Vishal : Shai your view on Lupin pls
[09:47]   Shai : lupin good story and great chart
[09:47]   Vishal : What are better levels to buy for medium term?
[09:48]   Shai : long termeers have support at 1750 cash and is a great buy there for 2200/ 2400
[09:48]   Vishal : ok
[09:48]   Vishal : thanks
[09:49]   Shai : if you are looking for an immediate entry look at 1880 and 1830-
[09:49]   Shai : 1750 closing basis sl
[09:49]   Vishal : ohh ok.. thanks
[09:49]   Shai : looks like a buy here 1880- 1900 in one tranche
[09:51]   Shai : that revisison of sl in BNF wa sbased on the 18598 spot support
[09:52]   Shai : but if BNF does not cross vwap intra day it is weak
[09:52]   Shai : http://screencast.com/t/qcL8qNmBlY51
[09:54]   Shai : NF no case for lngs till we are abv 8791 on thsi open
[09:54]   Amit J : sunpharma view for short?
[10:02]   Amit J : tata steel hindalco up 2%
[10:02]   Amit J : tcs shorted again
[10:05]   Shai : sun pharma can do 107
[10:05]   Shai : 1070
[10:05]   Shai : sl is abv 1137
[10:07]   Shai : stop taken BNF
[10:07]   Shai : NF at 8730
[10:13]   RK : 8716 double bottom matches with 8672-8680s band..good support levels there..
[10:13]   Shai : yes prev buyers of last week
[10:24]   Shai : NF can go to vwap 8756
[10:27]   Amit J : MO at 43
[10:54]   Tejpreet : As per blog …Ref area and big support for this week is at 8710- 8727 F.If we go long in this zone what should be a safe sl for ID players .
[10:55]   Shai : around 8696 tejpreet
[10:55]   Shai : longs will be safe abv vwap now
[10:55]   Shai : price has to cross vwap
[10:56]   Tejpreet : Thanks will keep an eye on 8700 call around 110 with sl at 95.
[10:59]   Shai : if that sl holds then aggressive trade here is for 8764/ 8788
[10:59]   Shai : aggressive as price is not confirming yet
[11:09]   Ashish : Shai, Canara bank can be shorted here??
[11:11]   RK : 8710 done
[11:14]   Amit J : shai fa possible in bn?
[11:14]   Shai : can bk 393 marginal supp
[11:14]   Shai : can drop to 382 if breaks
[11:15]   Shai : short only if 393 breaks now or below 393 if looking to sell now
[11:15]   Shai : 396 or below 393 cash
[11:15]   Ashish : Thanks Shai..
[11:16]   Shai : FA possible only if 631 crossses
[11:26]   Kathir : Hi Shai RM kris and all friends 🙂
[11:27]   r m : Hi Kathir 🙂
[11:27]   RK : Hi Kathir
[11:28]   Shai : these late buyers have t take it abv vwap else they will be sucked out
[11:28]   Vishal : Hi RM/All
[11:28]   r m : Hi Vishal
[11:29]   Vishal : can you guys recommend some good site for understanding derivative trading
[11:30]   Kathir : @RM exited 8500 pe @ 36 🙂
[11:30]   Kathir : exit based on 8710 nf fut
[11:31]   Kathir : Hi RK
[11:31]   r m : @Kathir, congrats!
[11:31]   Kathir : thanks ji
[11:33]   r m : @Vishal, for basics q & a http://www.nseindia.com/content/press/derivatives.pdf
[11:34]   Vishal : thanks…looks good
[11:34]   Vishal : @ RM
[11:34]   r m : yes, only basic things
[11:34]   r m : it is a handbook
[11:35]   Vishal : yes
[11:35]   Vishal : got it
[11:38]   r m : @Vishal, more info here – http://content.icicidirect.com/learning/university.htm
[11:39]   r m : I think ICICIDirect has become wiser now and the full site may not be available to non subscribers 🙁
[11:40]   Vishal : hmmm thanks
[11:48]   Sharad : Shai how is the volume in this fall ?
[11:58]   Shai : Vol was avg on the rise and a little higher today than avg
[12:01]   Amit J : shai can today be a trending day in nifty with days low close
[12:03]   Shai : possibel Amit
[12:03]   Shai : if 8710 goes we may close at 8626 also tom
[12:04]   Amit J : thks
[12:05]   RK : Shai Can you update Asain support levels from here
[12:05]   RK : sub 800 possible
[12:06]   RK : ?
[12:07]   Shai : 815 price obj below 830
[12:07]   Shai : look for a push up to 825 or 830 to resist amd then sell there’
[12:07]   Shai : sl 845
[12:08]   Shai : is weak below 825 weekly close and can tgt 783
[12:08]   Keshav : @shai nf short possible here?
[12:08]   Shai : Keshav the easy move down is over at 8710
[12:09]   Shai : but here now locked equally bt 8755- 8710 can swing either way
[12:09]   Keshav : ok
[12:09]   Shai : if shorting have sl abv 8756
[12:10]   Shai : BNF also likely to play out 18580- 18565
[12:19]   Sharad : Shai after 8710 what is major support ?
[12:20]   Shai : 8625 spot minor and major one at 8493 spot
[12:20]   Sharad : ok fine Thanks
[12:23]   RK : thanks Shai for Asian levels
[12:24]   Porus : Shai, can 18598 support in bn spot be considered as broken and now open to 18110s?
[12:26]   Shai : Yes Porus broken
[12:26]   Shai : positional sell sl is now 18800 look at 18235 and 18131 spot
[12:27]   Porus : OK, thanks
[12:31]   Porus : Shai, bnf premium is only 25. What are the implications on price?
[12:31]   Porus : *35
[12:34]   Shai : generally a shrinking of premium would tell us that shorts would be cobering as we started off on high premia
[12:35]   Shai : but it’s not something we can rely on 100% as earnings/ dvidends start weighing in
[12:35]   Sharad : Shai where is anomalies on downside ?
[12:35]   Sharad : in nifty?
[12:36]   Sharad : 8645/47 in future ?
[12:36]   Shai : dip buyers are there buying the dips but price is squuezing out longs
[12:37]   Shai : 8600/ 8540 anonalies
[12:37]   Sharad : ok fine Thanks
[12:37]   Shai : BNF weak below 8710
[12:37]   Shai : NF*
[12:44]   Hemant : Hello Shai, right time to get into puts?
[12:46]   Shai : No Hemant- timing may be off here for positioanl entries
[12:46]   Sharad : Shai 8600 put bot @ 36… what is best price to cover ?
[12:46]   Sharad : current 65
[12:46]   Hemant : And for intra?
[12:47]   Shai : 8625 spot
[12:47]   Sharad : ok Thanks
[12:48]   Shai : Intra : sell 50% qty at 8710 and then at 8725 sl 8755 tgt is close at day lows or 8630 F
[12:49]   Hemant : Ty 🙂
[12:54]   RK : Shai Hero motors support levels pls
[13:01]   Varun : @shai is this 2.47 lac buyer correct
[13:02]   Shai : what happened to hero?
[13:03]   Varun : wht is this 8674 blue tock level ref ?
[13:03]   Varun : pon prfoile
[13:03]   Varun : on profile
[13:03]   RK : Hero turned villain for bulls Shai 🙂
[13:03]   Shai : 2395 supp on profile
[13:04]   Kathir : 🙂
[13:05]   Shai : 8674 is day 2IB
[13:05]   Varun : whr the next closes t vpoc
[13:06]   Varun : and lvn area
[13:06]   Shai : 8528 F
[13:06]   RK : thanks Shai
[13:07]   Varun : 8528
[13:07]   Varun : ?
[13:07]   Varun : vpoc ?
[13:08]   Shai : sell BNF below 18550 sl 18630 tgt 18474/ 18402
[13:08]   Shai : yes vpoc
[13:08]   Varun : cool, real far
[13:08]   Varun : and any single prints/lvn in between
[13:09]   Shai : no
[13:09]   Shai : actually 8600/ 8544
[13:14]   Varun : @shai we had a 247000 buyer, now gone
[13:14]   Varun : i asked abt ti also
[13:14]   Varun : at 8694
[13:14]   Amit J : bye going for a meet
[13:16]   r m : bye Amit
[13:16]   Shai : Yes Varun got refelected poorly on chart : was 2000050 x 173825
[13:17]   Varun : so the error happens from the nse or our service provider
[13:17]   Varun : cos this can lead to one covering
[13:17]   Varun : seing such a big buyer
[13:17]   Shai : 200050 x 173825
[13:17]   Shai : from NSE
[13:18]   Varun : actually 2 buyers one for 194000
[13:18]   Varun : and second for 247
[13:18]   Shai : yes can happen – hecne I check back always
[13:18]   Shai : the FP chart is more accurate and has all the vlumes
[13:19]   Varun : it was in fp chart only
[13:19]   Shai : can do a check anytime by adding Bx ask and checking against day vol
[13:19]   Varun : i mean the second one
[13:19]   Shai : 4326577 + 360xxxx= 79 L of vol
[13:22]   Keshav : @shai any longs here nf?
[13:23]   Shai : No
[13:23]   Keshav : okay
[13:23]   Shai : below 8674 8634 opens up
[13:23]   Shai : continues to be weak below 8710
[13:23]   Keshav : ok thanks
[13:24]   Sharad : Shai do you think we will go straight to 8630 today without any bounce ?
[13:26]   Varun : shai whts cooking in bnf
[13:26]   Varun : nifty falls huge and bnd still near ysrtday low
[13:26]   Varun : gr8 strength?
[13:26]   Shai : yes
[13:26]   Varun : or silence before storm
[13:26]   Shai : BNf shoing buyers
[13:26]   Shai : weak below 18550 on intra
[13:27]   Shai : Sharad one bounce always come in trend day
[13:27]   Sharad : ok fine
[13:27]   Varun : and tht bounce is fake mostly if its between 130-2
[13:28]   Varun : a pivot point for next day
[13:28]   Shai : somewhere to IBL or vwap will be good for shorts
[13:28]   Keshav : move to vwap possible
[13:29]   Shai : 8710 or 8725
[13:30]   Varun : 8708 u hve an abnomaly also
[13:30]   Varun : shao any abnomalies left upside
[13:30]   Varun : shai “?
[13:30]   Shai : 8760 also
[13:32]   Varun : thanks
[13:40]   Shai : covering now
[13:41]   Hemant : once this covering is over, is it ok to assume its going to restart its downward march?
[13:42]   Shai : sell BNF 18720 sl 18780 tgt 18660/ 18570
[13:42]   Shai : aggressive seller at 18730
[13:46]   Shai : Yes Heamnt per day structure it should
[13:46]   Shai : hemant*
[13:48]   Hemant : Got it sir 🙂
[13:48]   Keshav : profile structure of nf seems weak but bnf seems strong enough for one more pulll up
[13:49]   Shai : yes bnf still stronger abv 18760 but that morning seller and this aggressive seller at 730 can tilt it down
[13:49]   Tejpreet : Even NF shows long build up in last 2 15 minutes candles as per heckyl.com derivatives data.
[13:50]   Shai : ok
[13:50]   Shai : generally on a day like this the OI data cannot be trusted
[13:51]   Shai : take a screen shot and see if it tallies at 8 pm today
[13:51]   RK : cash buyers go for hedging in a big way
[13:51]   Tejpreet : I never trust OI data …seems too complex …at 8 pm …how?
[13:52]   Shai : 8 pm is bhav copy
[13:52]   Shai : actually 5.30 pm
[13:52]   Tejpreet : ok got it …..but it will be full day data
[13:52]   Shai : I’ve seen on myfno a big change in intra day data and eod data
[13:52]   Kathir : @shai SL for nf shorts 8760
[13:52]   Kathir : fut?
[13:52]   Tejpreet : rather than 15 minute build up on heckyl.
[13:53]   r m : yes, EOD almost never tallies with intraday
[13:53]   Shai : I’m saying it cos I’m seeing jumps on data here on the FP chart
[13:54]   Tejpreet : Shai so as per you it is short covering rather than long build up.
[13:54]   Shai : actually there shouldn’t be a change in bhav copy and this data but NSE has few more years to do to catch up
[13:55]   Tejpreet : Any views on indus ind results. ….looks good.
[13:55]   Tejpreet : Mmaybe BN due to indus results.
[13:55]   Tejpreet : BN upmove*
[13:57]   Sharad : Tejpreet what are charges of heckyl.com
[13:57]   Tejpreet : What time are results?
[13:58]   Tejpreet : heckyl does not serve retail…….can be found in brokerages trading platform ….i use motilal oswal.
[13:58]   Sharad : ok fine
[13:59]   Kathir : @RM how abt europe
[13:59]   Shai : indus tricky here looks good abv 953 for 969 but below 953 can go down
[14:00]   Tejpreet : Thanks better to wait as rightly said by you …tricky 🙂
[14:00]   Shai : Sharad IIFL / Moti do heckyl but they are expnding and getting in with more brokers
[14:00]   r m : @Kathir, DAX cooling down after yesterday’s euphoria
[14:00]   Shai : but myfno is for retail
[14:00]   Kathir : RM thanks
[14:01]   Kathir : @Shai SL for nf shorts ?
[14:01]   Sharad : i am using Zerodha … so they dont have
[14:01]   Sharad : MYfno is not much good in open interest
[14:01]   Shai : Kathir 8755 F
[14:01]   Sharad : i have used it Shai for one month
[14:02]   Shai : ok
[14:02]   Kathir : @shai ok thanks
[14:02]   Porus : Sharad – Reliance, Religare, IIFL, JM Financial, Motilal Oswal offer Heckyl. No seperae fees.
[14:03]   Sharad : yes Porus … Zerodha dont give
[14:04]   r m : @Porus, IIFL on the trade platform or on web?
[14:04]   Ashish : on web
[14:04]   Ashish : @rm
[14:04]   Porus : RM, dont know that. Got this info fro Hekyl.
[14:04]   r m : Thanks
[14:04]   r m : I got an old disfunctional account there 🙂
[14:04]   Shai : 18656 – sl at cost now on bal
[14:04]   Ashish : its in F&O analytics section
[14:05]   Shai : http://screencast.com/t/sHqlUv9iQo
[14:05]   Porus : Religare has it on the web.
[14:05]   Ashish : Same like what Shai has posted here
[14:06]   Shai : BNF- http://screencast.com/t/JmrXUnAo5B2s
[14:06]   r m : yes, thanks
[14:06]   Keshav : @shai shorts active now?
[14:06]   Shai : yes
[14:06]   Porus : But the data is lagging by 15 min
[14:07]   r m : yeah, all free things run late 🙂
[14:07]   Hemant : Time to grin 🙂 Have held onto puts. Leason learnt, timing is absolutely imperative.
[14:07]   Porus : This is really not free. The broker pays for it.
[14:07]   r m : yes
[14:07]   Keshav : oh
[14:08]   Kathir : @hemant 🙂
[14:08]   r m : 15 minute is quite reasonable for OI change, even NSE updates on third minute only intraday
[14:08]   Sharad : yes 15 minutes is too good not a problem
[14:09]   Sharad : Shai this is from Myfno ?
[14:09]   Shai : Cover all BNF 18640 vwap
[14:10]   Shai : No That is Heckyl Sharad
[14:10]   Sharad : ok i need this but will find out from where ?
[14:10]   Kathir : @shai exit NF shorts also ?
[14:11]   Shai : Kathir trail 8732 F
[14:11]   Kathir : ok thanks
[14:11]   Shai : That list provided by Porus- contact 1 of them and open an a/c
[14:12]   Sharad : yes sure will open one small account with them
[14:13]   Tejpreet : But does OI really help is the big question.
[14:13]   Porus : Sharad, spk with Deepesh Mody @Religare on 9920997404 – Mumbai no.
[14:13]   Kathir : @sharad how abt usd/inr any position or view
[14:14]   Sharad : No Kathir don’t trade USDINR its became slow till 61 or 64
[14:14]   Sharad : only trade is buy near 61/61.5 or above 64
[14:14]   Kathir : ok.yeah very slow moves
[14:15]   Sharad : No imbetween and No sell
[14:15]   Kathir : ok
[14:15]   Keshav : @kathir short bias
[14:15]   Kathir : @kesv yes
[14:15]   Kathir : someone is defending 8700 nf now
[14:16]   Keshav : pivot break on usd inr
[14:16]   Kathir : @kesv any levels?
[14:17]   Keshav : stop 63
[14:17]   Keshav : for move to 61
[14:17]   Keshav : m holding a small position
[14:18]   Kathir : ok keshav
[14:21]   Tejpreet : LatestGreece updates http://www.reuters.com/article/2015/04/16/markets-bonds-greece-idUSL5N0XD1G020150416
[14:27]   r m : Guess all the grizzlies have migrated to Greece from Siberia 🙂
[14:28]   Ashish : LOL
[14:28]   Tejpreet : 🙂
[14:28]   Kathir : 🙂
[14:35]   Keshav : @shai long here?
[14:39]   Shai : BNF not shoiwng weakness
[14:40]   RK : 8672 s is being saved
[14:41]   Keshav : 8710 spot could offer some resistance
[14:42]   Shai : Place a cover order at 8690 F for the NF shorts. Trail sl to 8733
[14:43]   Shai : BNF not showing signs that it wants to close at lows
[14:53]   Keshav : @shai any scope for opening shorts here nf
[14:53]   Shai : now below 8725 only
[14:53]   Keshav : okay
[14:55]   Keshav : spot 8670 is a important pivot on the downside
[14:57]   Kathir : nf or spot?
[14:59]   Shai : BNF has a seller at 18730 today and buyers beow 18600
[15:00]   Kathir : @shai as i was PE I did not exit ..can hold or exit nf PE .it is at cost now for e?
[15:02]   Vishal : @Shai are you reffering to -56500 seller @ BNF 18730?
[15:03]   Shai : yes
[15:03]   Shai : NF staying vwap
[15:04]   Shai : again close headed for anticlimx
[15:04]   Kathir : @shai hold nf PE for tomrw for 8630 fut ot exit?
[15:04]   Shai : exit
[15:04]   Kathir : ok thanks
[15:04]   Shai : sl got taken 8733
[15:04]   Kathir : ok
[15:05]   Keshav : close near vwap would be nice
[15:10]   Keshav : nf weak below vwap
[15:13]   RK : Many anti climax within one climax 🙂
[15:13]   Shai : looks like it chose vwap over day lows
[15:14]   Shai : MO would be down today finally
[15:15]   Tejpreet : Shai …Idea 200 put can be brought now at resistance of 204 spot.
[15:16]   r m : MO at 43
[15:16]   Shai : thanks RM
[15:16]   r m : welcome
[15:16]   Keshav : @shai short at vwap?
[15:16]   Keshav : and carry it forward?
[15:17]   RK : TCS results today evening
[15:17]   Shai : idea can go back to 198
[15:18]   Shai : but strong buyer at 194 from 13 so he will come to buy dip near 197/ 198
[15:20]   r m : RIL results tomorrow
[15:20]   Tejpreet : Thanks ….
[15:30]   Shai : 8710 close
[15:30]   Shai : Bye all
[15:30]   Shai : Have a ncie evening
[15:30]   Kathir : thanks and bye all
[15:30]   Tejpreet : Bye All
[15:30]   r m : Thanks and bye folks, have a great evening
[15:30]   Porus : bye all
[15:30]   Vishal : have gr8 evening guys
[15:30]   Vishal : Enjoy
[15:31]   Sharad : Bye all
[15:34]   Ashish : Bye all
[15:41]   Keshav : bye all