OrderFlow charts and Notes 17/04

[08:31]   r m : Good Morning folks!
[08:31]   r m : http://vtrender.com/levels-and-plan-for-17th-april/
[08:31]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-1604/
[08:32]   r m : Nifty APR Future levels Key Reference Area 8744 Hypo1 below 8744➜8707➜8671 SL 8777 Hypo2 above 8790➜8830➜8853 SL 8741
[08:32]   r m : Banknifty APR Future levels KRA 18775 Hypo1 above 18795➜18840➜18895 SL 18725 Hypo2 below 18725➜18660➜18575 SL 18799
[08:52]   RK : GM RM 🙂
[08:55]   Porus : Good Morning RM
[08:58]   r m : Hi RK, Porus 🙂
[09:00]   Shai : GM all
[09:02]   Tejpreet : GM all.
[09:05]   r m : Results today –
[09:05]   r m : Reliance
[09:06]   Tejpreet : Rm is reliance post market.
[09:08]   r m : I don’t know, since there major activity is trading their own stocks, it might be during market too 😀
[09:09]   Shai : RIL comes after mkt generally based on past
[09:09]   r m : ok, thanks
[09:10]   Shai : and they choose friday for whatever reason
[09:11]   Tejpreet : Thanks for the info.
[09:11]   Sharad : GM all
[09:12]   Kathir : GM Shai RM and all friends
[09:13]   r m : Hi Kathir
[09:15]   Vishal : GM RM,Shai & All
[09:17]   r m : Hi Vishal
[09:17]   Shai : open in range and value
[09:18]   Shai : looking for confinement in the 8750- 8671 range of yestedat late afternoon today
[09:18]   Shai : and 18750- 18550 in BNF
[09:19]   Shai : but late afternoon be open to the possibility of a trending move when that range breaks- could give us 50 points quickly in NF
[09:21]   Amit J : tcs booked
[09:21]   Shai : on the weekly the 8643- 8672 support band showed buying efforts yesterday- http://screencast.com/t/3I2OrJpPLDfg
[09:22]   Kathir : @amit you had TCS short?
[09:22]   Shai : but resistance now will be at 8735/ 8755 into next week on spot
[09:22]   Tejpreet : Amit good one on Tcs.
[09:23]   Amit J : yes mentioned yesterday that did again
[09:24]   Shai : Nice trade Amit
[09:24]   Kathir : congrats Amit
[09:24]   Kathir : @shai bnf what below 18575?
[09:25]   Shai : 18310
[09:26]   Kathir : ok thanks
[09:26]   Shai : give it a few points – there are buyers at 18550′
[09:26]   Kathir : may be below yest low will be good
[09:26]   Shai : +filter of 1012
[09:26]   Shai : 10 or 12
[09:27]   Kathir : ok
[09:28]   RK : Shai TCS chance for 2440 s below 2495?
[09:31]   Shai : 2495 – 2499 has excess and a good supp
[09:31]   Shai : may give one bounce , quality of which decides the next move in TCS
[09:32]   Shai : 2540 res
[09:32]   Vishal : @Shai prices are in spot rt? unless specified?
[09:32]   Shai : it’s a drive down so may end up weak if day high is not taken out
[09:32]   Shai : BNF
[09:33]   Shai : Yes all stocks are cash
[09:33]   Vishal : ok
[09:33]   RK : thanks Shai
[09:33]   Varun : shai we r in 7/4/ profile
[09:33]   Varun : probe to 8604 looks likely ?
[09:33]   Shai : 18389 spot BN supp
[09:34]   Shai : possible Varun
[09:34]   Shai : 8625/ 8604 below 8670
[09:35]   Shai : pull back high is best place of short for next 2- 3 sessions
[09:35]   Varun : thanks
[09:43]   Sharad : TCS 2490 cash
[09:44]   Vishal : @Shai is it possible for to give view on GRUH Finance?
[09:44]   Vishal : since it is not BSE100/Nifty50 stock?
[09:45]   Vishal : not sure whether it is possible or not?
[09:46]   Vishal : what would be strong support if it cracks below 224-230
[09:49]   Shai : gruh is on 240?
[09:49]   Vishal : yes
[09:49]   Shai : tcs carcking some more
[09:50]   RK : Hero 2600-2412 done..
[09:51]   Amit J : superb trending move in it
[09:51]   Shai : gruh breaks 238 now can drop another 6 to 232
[09:52]   Shai : but 230/ 232 is a good supp
[09:52]   Shai : Some news on the US partner filing bakruptcy in hero
[09:52]   Shai : 50% stake there
[09:53]   Amit J : bharat forge short levels?
[09:53]   Amit J : hero news is very small. ignore that news.
[09:56]   Amit J : lupin buy here?
[09:56]   Vishal : @Shai thanks for view on GRUH
[09:56]   Shai : bhart forg good short near 1279 with sl of 1299 can do 1243/ 1233
[10:00]   Shai : lupin wait for some time and watch price action- seller at open looks stronger and 1820 is agood supp
[10:01]   Shai : or buy in 2 parts here and at 1750 which is next destination below 1820
[10:01]   RK : Shai HUL any trade here..supposed to sell it but price looks bullish..
[10:04]   Shai : hul may do 950 again today/ mon but looks locked 930- 960 on ST range
[10:04]   Shai : 924- 962 rough range
[10:05]   RK : fine..will skip it then for now
[10:06]   Shai : buyer has responded in BNF at 18500- stay open to possibility of test at 18625 if vwap is taken out on this drive
[10:16]   Shai : NF now clearly weak below vwap and val 8696
[10:17]   RK : for 8580s Obj
[10:20]   Shai : Sell NF 8670 sl 8697 tgt 8625
[10:22]   Hemant : Shai, GM folks. A tad bit late. Shai, on spot 8600 possiblility of being broken?
[10:23]   Chirag : 8600 is bulls highest OI.
[10:23]   Varun : shai cn u refrsh 1 min tick
[10:23]   Shai : spot break below 8640 is for 8580/ 8540
[10:23]   Varun : 5 min shows 83000 buyer
[10:23]   Varun : 15 min shows 89999 seller
[10:23]   Varun : at bottom
[10:23]   Shai : possibility of 8470 on slide below 8580 spot also
[10:24]   Hemant : Ty Chirag and Shai.
[10:24]   Chirag : Shai sir,is that the probe zone of this entire move?
[10:25]   Shai : Chirag one obj of the move was to test supp here at 8640
[10:25]   Shai : 8640 spot
[10:25]   Shai : if that breaks then we open to 8580/ 8540 and 8470 all this series
[10:26]   Shai : we are not seeing the same kind of buyers as yesterday so we gone short with VAL as sl
[10:26]   Shai : intra
[10:26]   Chirag : OKay.Thank you sir.
[10:28]   Chirag : Shai sir,please check Shriram Transport..near 200 DMA..low risk long setup?
[10:34]   Shai : Buy BNF 18540 sl 18490 tgt 18590/ 18625
[10:38]   Shai : exit the NF short here at 8680 F. we will review later below IBL
[10:39]   Shai : Chirag there are good supports in shriram at 1010- 1020 band but price has a stronger seller at the open who may push the stock to close at day lows today
[10:40]   Shai : d a review on Mon for a positional trade
[10:40]   Chirag : okay sir.Thanks 🙂
[11:01]   Shai : val in NF
[11:02]   Varun : will it qualify for 80%
[11:03]   Varun : seems to be a bell cuve till vah
[11:05]   Shai : yes it will
[11:05]   Shai : sl is 8571
[11:05]   Shai : looking for rotation between extremes now
[11:06]   Amit J : . bharat forge almost at first tgt
[11:06]   Chirag : LIC interesting technical setup..looks like an inverted H&S…formation of right shoulder pending….results tomorrow..anyone tracking?
[11:06]   Shai : Buy NF for 8725 sl 8670
[11:13]   Amit J : UBL view for buying?
[11:16]   Amit J : shit waht a move in UBL
[11:17]   Shai : upside looks done in this move arund 1207
[11:18]   Shai : high risk to buy here
[11:18]   Chirag : was eyeing UBL from 1050 but didnt enter..
[11:18]   Shai : 1158- 1134 band best buy to trade this momentum
[11:18]   Chirag : still don’t have enough conviction to trade on my own limited analysis..
[11:19]   Amit J : its above yearly R2. you can always buy in momentum.
[11:19]   Shai : or buy near 1174 with stops below 1160 for 1240 next week
[11:20]   Chirag : IDBI…7% up..is it a buy here Shai sir?
[11:20]   RK : Shai TAta steel can we expect move above 354?
[11:21]   Amit J : tata steel 350
[11:23]   Shai : idbi looks risky for new buys here
[11:23]   Shai : tata steeel yes 354/ 360 on
[11:23]   RK : thanks
[11:23]   Shai : could give a higher close today
[11:24]   Shai : close at highs
[11:24]   RK : 335 good SL?
[11:25]   RK : Yep seems good as today’s low also the same..will keep SL below that
[11:25]   Amit J : second tgt done in bharat forge. superb shai
[11:30]   Keshav : @shai nf weak below vwap?
[11:41]   Amit J : what a move in UBL
[11:45]   Chirag : Just received a HOS..nifty going to rally 300-400 points in a single session…china mania..
[11:45]   Chirag : How I wish that happens..:p
[11:45]   Keshav : whats happening in china?
[11:47]   Hemant : What does HOS mean ?
[11:47]   Chirag : Heard on street..HOS…
[11:47]   Hemant : Ok 🙂
[11:49]   Keshav : oh
[11:50]   Chirag : I ignored SKS,Glenmark,Wockhardt,Tata comm based on these HOS..
[11:50]   Chirag : all rallied like anything..
[11:51]   Chirag : Shai sir..Hindalco if closes 140+..reversal??
[11:59]   Sharad : Shai 8760 future is anomalies in current week ?
[12:02]   Hemant : Would it be wrong to think that every rise is being sold?
[12:04]   Shai : yes anomaly at 8760
[12:05]   Sharad : can we go till there today?
[12:07]   Shai : hindalco some supply still there at 147
[12:09]   Shai : Sharad still open
[12:10]   Shai : seller will try to hold at 8710- 16 broken band for close of week
[12:11]   Hemant : Will have to carry the puts over the week?
[12:11]   Keshav : 8680 f seems like important pivot
[12:13]   Shai : if we close abv 8687 spot don’t carry
[12:13]   Sharad : ok Thanks Shai
[12:13]   Hemant : Got it thank you
[12:13]   r m : @Kathir, MO at 36
[12:13]   Kathir : RM thanks
[12:14]   r m : welcome
[12:22]   Sharad : sleepy afternoon
[12:38]   Kathir : bharathforge trgt achieved
[12:46]   Shai : seller showsing up at 575 val in BNF- book 50% longs and trail at 530 just below vwap
[12:56]   Amit J : shai your view on wockardth for short?
[13:04]   Shai : wock better short at 1810/ 1830 than here- may climb up -riskier
[13:04]   Shai : recent lows are not secure so visit back to 1650 is a possibility
[13:08]   Chirag : Price near IBL?
[13:09]   Shai : yes
[13:09]   Shai : BNF weakening
[13:09]   Shai : can drop to 18375 now
[13:10]   Chirag : Shai sir NF short?
[13:11]   Shai : looks like 560/ val was wehere the buyer from 490/ 500 at open booked
[13:11]   Shai : more selling has come below vwap
[13:12]   Shai : NF we will short below 8664 IBL with sl 5 points abv vwap 8688
[13:12]   Keshav : @shai profile seems balanced to upside mean reversion possible
[13:12]   Vishal : shall i book NF long here?
[13:12]   Keshav : ?
[13:13]   Shai : Vishal book below 8665
[13:13]   Vishal : ok
[13:14]   Tejpreet : Shai as per blog …Buying was observed at 8622 on 07/04 …can it be used for contra buy at 8625 spot.
[13:14]   Shai : Keshav Mean is at 8688 intra and profile not showing buyers coming
[13:14]   Keshav : okay
[13:14]   Shai : yes that’s why menationed 8625 as tgt of short earlier
[13:15]   Shai : very iffy this range here as volumes is less – they would be hunting stops
[13:15]   Shai : we have to take that sell below on a burst of volume
[13:16]   Tejpreet : Guess wake time about to come in this lazy afternoon 🙂
[13:17]   Shai : friday also
[13:19]   Chirag : Shai sir,need views on Amtek Auto.
[13:21]   Vivek K : bloomerg connections world over are down so apparently activity could be low
[13:21]   Chirag : 100 DMA actins as resistance
[13:21]   Chirag : acting*
[13:29]   Porus : Shai, what is the bnf value below longs will unwind?
[13:29]   Shai : amtek good move abv 163 but overhead supply is huge at 178 and may be difficult to cross
[13:29]   RK : 8670 looks awesome here 🙂
[13:30]   RK : cant press it down
[13:31]   Shai : Porus longs in BN got in trouble when price came down below 18800 spot and a move abv may be used to sclae out
[13:31]   Shai : on current structure we are on course for 18131 and think momentum will come below 18370 close
[13:31]   Shai : spot prices
[13:32]   Porus : Im trying to understand if and when LL will bring prices down. Am short.
[13:33]   Shai : short is right below VAL and price is already dropping 🙂
[13:33]   Keshav : @porus what is LL?
[13:34]   Porus : Long liquidation
[13:34]   Keshav : OKAY
[13:34]   Keshav : sorry caps by mistakee
[13:47]   Shai : that new short below IBL is not looking lucrative in NF
[13:47]   r m : guys where is oi build up info in Hekyl’s
[13:47]   Shai : volumes suggest more chances of a whipsaw
[13:47]   Keshav : friday is going to play out
[13:48]   r m : i have found everything else but that page 🙂
[13:48]   Shai : RM- you got heckyl from which broker.It is there under strategy in most
[13:48]   Tejpreet : Under Market tabs in futures …
[13:48]   r m : IIFL
[13:49]   Tejpreet : it gives oi gainers losers
[13:49]   r m : ok, will check there
[13:49]   Shai : go to your positions net
[13:49]   Shai : there you will see a link
[13:49]   r m : ok, thanks
[13:52]   Shai : manufactures bounce off the lows but not OTF
[13:53]   Hemant : is it safe believe its still crawling down?
[13:53]   Hemant : Nifty*
[13:53]   Shai : yes lows of today are not showing a reversal process
[13:54]   Hemant : music to my ears 🙂 ty
[13:54]   Shai : even if we bounce it means we will visist here next week
[13:56]   Tejpreet : Shai can you look at SSLT chart and tell the next supply lvl to create fresh shorts.
[13:58]   Sharad : Shai can buy nifty here ? above vwap ?
[14:00]   Shai : sslt has supply here but the intra day can still take it to 215/ 217
[14:01]   Shai : can short at close or mon open beow 215 with sl abv 225
[14:01]   Shai : below**
[14:01]   Porus : Shai, what is the ‘reversal process’ for lows?
[14:01]   Shai : Sharad buy abv val 8697 with sl just below vwap
[14:02]   Sharad : ok fine keeping order there
[14:02]   Tejpreet : Thanks Shai …for SSLT lvls.
[14:02]   Shai : Porus the most convincing one is excess or single prints
[14:03]   Shai : shows opp party aggressively
[14:03]   Shai : if it ends like this it means sideways drift
[14:04]   Shai : see BN under notes on blog- that was multi day excess which gave a good bounce
[14:05]   Porus : OK. Thanks
[14:05]   Shai : be back in 15 mins
[14:08]   RK : finally Shai gone out and 8670 is taken..he was holding it all this day 🙂
[14:09]   r m : (13:29) RK :8670 looks awesome here :)(13:30) RK :cant press it down
[14:10]   r m : So, that was Shai 🙂
[14:10]   RK : Yes absolutely 🙂
[14:11]   Keshav : some how still some momentum left on upside i guess
[14:12]   RK : Ye just below IBL hit and Vwap band there..so bounce yes
[14:12]   Vishal : price comes takes my stop and reverses in opp direction
[14:12]   Keshav : two high volume lows observed
[14:12]   Amit J : how was volume
[14:12]   Amit J : looks like a failure
[14:12]   Vishal : as if market is here to kick me out
[14:13]   Keshav : over 150000
[14:13]   Amit J : bhartat forge was bad exit
[14:23]   RK : Hero racing up..thats a nice recovery
[14:39]   Sharad : Shai today’s profile is perfectly bell curved? what can be the closing ?
[14:40]   Amit J : it is sold from yesterdays val. trending still position on ib break
[14:41]   Shai : Not a belll curve but still a noraml day
[14:42]   Shai : close can be day low or vwap as seller was initiating
[14:42]   Sharad : ok fine
[14:42]   Shai : normal**
[14:43]   Amit J : shai lupin near long term support. can you check if buyers coming
[14:50]   Shai : yes buyers will come next week- can close at lows today1752. buy 50% here and buy half mon on open abv 1750 sl of 1695
[14:50]   Shai : 1700/ 1722 are prev big buyers
[14:51]   Shai : 1954 tgt if sl holds over next few sessions
[14:51]   Shai : good r/r
[15:01]   Shai : quite a lot of sellers
[15:02]   r m : @Shai, 2IB possible in NF?
[15:04]   Chirag : Sir lupin at trendline support?
[15:04]   Chirag : If breaks,should do 1700.
[15:06]   Shai : seller will close at lows
[15:06]   Shai : it at lows – lupin
[15:07]   r m : 🙂
[15:11]   Shai : 8625 is the close for NF and18375 ahea dof close bnf
[15:11]   Shai : Bull retired to Mon
[15:11]   r m : Thanks!
[15:12]   Keshav : needs a red bull break
[15:13]   Shai : 🙂
[15:13]   Sharad : Shai how far down this can go on monday
[15:13]   Sharad : NF
[15:13]   Sharad : 8528 possible
[15:14]   r m : first 8580 spot 🙂
[15:14]   Sharad : ok Thanks
[15:15]   Amit J : RM Mo?
[15:16]   r m : 27
[15:16]   Shai : Sharad may bounce up Mon – this is not severe selling
[15:20]   RK : 8626 was my order and it missed it by a point 🙂
[15:20]   RK : RM can you send it down again 🙂
[15:20]   Shai : RM’s comps are planning the weekend – could not wait
[15:21]   RK : 🙂
[15:21]   Tejpreet : lupin gives 30 points from 1757 to 1787 ..Thanks Amit for pointing it and Shai for you buy lvls.
[15:21]   Shai : 18377
[15:21]   Shai : that’s also off by 2
[15:21]   r m : 🙂
[15:21]   RK : Yeah if NF is 1 means then obviously BNF 2..they are justified 🙂
[15:22]   Sharad : ok Shai… wanted to buy puts so asking
[15:22]   r m : @RK, 15:15 to 15:20 is intraday square off by brokerages, maybe you get it at 15:29 🙂
[15:22]   RK : Am waiting 🙂
[15:22]   Amit J : superb level shai on lupin
[15:23]   RK : LT held PDL till now and just broken
[15:23]   Shai : still needs Mon conf
[15:24]   Keshav : @shai have a buy @8658 should i get out
[15:24]   Keshav : or try to average on monday?
[15:25]   Shai : hold for mon
[15:25]   Keshav : okay
[15:26]   Vishal : @ Shai need your few mins after close .. pls stay there
[15:26]   Shai : sure
[15:28]   Tejpreet : Shai 8500 put a sell here at 48
[15:29]   Shai : risky but buy protection at 8300 for 1- 2 sessions
[15:30]   Tejpreet : OK .
[15:30]   Shai : Buyers didn’t shw up today but they could be back Mon
[15:30]   r m : Thanks and bye folks, have a great weekend 🙂
[15:30]   Shai : let’s catch up then
[15:30]   Tejpreet : Bye All
[15:30]   Shai : Bye all
[15:30]   RK : thanks and bye all
[15:30]   Sharad : Bye all… enjoy weekend
[15:30]   Shai : have a good weekend
[15:30]   Keshav : good weekend
[15:30]   Vishal : have nice week end guys
[15:31]   Vishal : Bye All
[15:31]   Hemant : Shai sir, did parial bookings in the puts
[15:31]   Hemant : Not left with any option but to carry forward a bit
[15:31]   Hemant : some hope for puts?
[15:32]   Porus : bye all
[15:32]   Shai : close is not conclusive- let’s revealuate on the blog sunday
[15:32]   Hemant : Alright sir, have a great weekend
[15:32]   Hemant : 🙂
[15:33]   Shai : you too