OrderFlow charts and Notes 19/02

[08:55]   r m : Good Morning folks!
[08:55]   r m : http://vtrender.com/levels-and-plan-for-19th-feb/
[08:56]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-1802/
[08:56]   Porus : GM Rm and all
[08:56]   r m : NF Key Ref Area 8871 DOWN Hypo1 below 8870➜8844➜8827➜8796 SL 8899 UP Hypo2 above 8899➜8925➜8979 SL 8871 FEB Future levels
[08:56]   r m : BNF KRA 19485 Hypo1 above 19485➜19610➜19747 SL 19377 Hypo2 below 19377➜19255➜19146 SL 19455 FEB Future levels
[08:56]   r m : Hi Porus
[09:00]   r m : SGX Nifty FEB trading at 8896
[09:01]   Shai : Gm all
[09:01]   Sharad : GM all
[09:03]   r m : Currency trading holiday today, also depository holiday
[09:07]   RK : Gm Shai,RM and all
[09:07]   r m : FII bought huge in cash yesterday without much influence on nifty, maybe they bought in Hero Promoter’s sale?
[09:07]   r m : Hi RK
[09:17]   Vishal : ne issues?
[09:17]   Vishal : charts not updating?
[09:18]   r m : not updating
[09:18]   Vishal : cant see live movments
[09:18]   Vishal : movements*
[09:20]   Shai : yes just restarting
[09:20]   Shai : up in a min
[09:20]   Vishal : ok
[09:21]   Sumit : gm everyone
[09:21]   Amit J : shai your view on cipla for long
[09:26]   Rav : targetting 694.25
[09:26]   Rav : no screen
[09:26]   Amit J : cipla can have big news of 20% in next 2-3 days
[09:29]   r m : BNF gets violent!
[09:30]   Rav : 19320-19450 spike to check sl
[09:51]   Rav : Good visibility in levels
[10:00]   Shai : open in NF staying abv 8899
[10:02]   Shai : BNF is very flat though
[10:03]   Shai : Yesterday kra of 19335 showing buyers today
[10:06]   Shai : Mostly a flattish IB
[10:06]   Shai : yesterday buyers of early morning still in control and by keeping price abv 8899 the attempt is to pressurise sellers seeen here late afternoon
[10:07]   Shai : 8899- 8927
[10:07]   Shai : path of the auction should be to 8927/ 8952/ 8977 intra day with sl of 8870
[10:20]   Tejpreet : Gm All.
[10:22]   Tejpreet : Shai your views on Dr reddy …want to go long on it …lvls .
[10:25]   Rav : NF BNF down on option basis
[10:29]   Rahul G : shai the delta shown here is individual bar delta
[10:29]   Shai : Dr Reddy has a nice run up and is consolidating here
[10:29]   Rahul G : there was a sum of all screen I guess that needs some adjusting
[10:29]   Shai : it’s still a dip buy with 3249- 3233 as best place to iniitiate
[10:30]   Shai : below 3370 it may show temporarary loss of momentum
[10:30]   Shai : 3337 now
[10:30]   Tejpreet : got tht thanks.
[10:31]   Sumit : Shai, the buy/sell numbers next to candle are beyond its size. So price candles are Open/Close and delta numbers are High/Low??
[10:33]   Shai : Rahul panbe below is sum of the bar above
[10:33]   Shai : did not get your 2nd stmt
[10:34]   Shai : sumit the qty immediately next to price is the orderbook feeding in
[10:35]   Shai : delta would be sum of all traded volumes
[10:36]   Sumit : I mean candles are Open close in 5 min. and numbers are shadows (high /low)
[10:36]   Shai : 19264 tgt in BNF below IBL
[10:37]   Shai : Yes a 5 min candle with all the volumes of it shown in chart
[10:37]   Sumit : thanks Shai
[10:38]   r m : yes Sumit, bar are showing open and close only
[10:38]   Shai : so if it is less volume at top it is like the vick of the candle and heavy volume is the body
[10:38]   Tejpreet : The volume shown in candle is actual trades or just the bid ask.
[10:38]   Shai : trades
[10:39]   Shai : pink is geting heavy in NF also
[10:39]   Tejpreet : and the feed next to the price is traded quantity or bid ask.
[10:40]   Shai : that Tejpreet if the orderbook
[10:40]   Shai : that is bid/ask and price on screen is LTP
[10:40]   Tejpreet : ok got that.
[10:40]   Shai : 19262 done below IBL
[10:42]   Shai : buyers at lows
[10:42]   Shai : 10 more and would have cobered the anomaly
[10:42]   Shai : 19162
[10:43]   Rahul G : shai the second screen where we have 15 min bars
[10:44]   Rahul G : i guess we were seeing the cummalative of the bar sometime back
[10:44]   Rav : covered nf and bnf 10:25 Rav : NF BNF down on option basis
[10:45]   Shai : Yes Rahul
[10:45]   Shai : I’ll add it back
[10:45]   Rahul G : okay thanks
[10:47]   Rahul G : shai can we take a BN short at val
[10:48]   Shai : No rahul
[10:48]   Shai : See if buying volumes come abv 260 now
[10:48]   Shai : can mean a vwap trade
[10:49]   RK : BNF 19160 support as per post
[10:49]   RK : @Rahul
[10:50]   Rahul G : ooh okay thanks RK
[10:54]   Sumit : got disconnected earlier. thanks rm, Shai
[10:54]   Porus : charts stuck?
[10:55]   Sumit : part booked some NF. rest to carry with pink
[10:55]   Ravi : shai vwap at? 10:48 Shai : can mean a vwap trade
[10:55]   Ravi : cant seen in chart
[10:56]   Sumit : 19337/8898 vwap
[10:57]   Sumit : rm, this 5 min. green pink is as good as earlier version 🙂
[10:58]   r m : yeah 🙂
[11:00]   r m : BNF hypo 2 got target2 as well
[11:01]   Rav : VWAP 4 days back 19018
[11:02]   RK : testing 8820 spot
[11:05]   Sumit : hypo target 2 done in NF
[11:06]   Sumit : sorry, hypo target 1 (DOWN)
[11:10]   Rav : shai..while charts are too good with 5 min tf, delta shown earlier in De-Jan was too good to see both chart and movement side by side as per the attachment…http://www.screencast.com/users/Ravicbe/folders/Jing/media/fa8a7082-ab37-43d2-90d4-69b82c13299d
[11:16]   Shai : Ravi- same thing but this is the difference calculated
[11:17]   Rav : That was easy for us to place 3 screens ( trading platform,ami,vtrender) in single monitor
[11:18]   Rav : as we have 5 min candle with buy sell candle, 15 min tf is redundant in left side
[11:19]   Rav : bnf caught is bear side area
[11:19]   Shai : BNF weak below 19160 tgts 18960
[11:20]   Rav : 18900ce under long liquidation
[11:20]   Shai : sl is 19212 now all day
[11:20]   Shai : will be risky to short here
[11:21]   Shai : But upto 19160 – 19180 can be sold
[11:24]   Amit J : shai want to add some long positions for budget, should we wait for repair of 8725 or can buy here
[11:26]   Rav : 17 lacs short added in 8900-9000ce
[11:30]   Sharad : Hi all
[11:30]   Sharad : market gone…
[11:30]   Sharad : wah
[11:31]   Sharad : will enjoy INR tomorrow
[11:31]   Sharad : Ravi CE shorted means sell nifty right
[11:31]   Shai : No Buy here
[11:32]   Sharad : ok Thanks Shai..
[11:32]   Sharad : came late so asking
[11:32]   Shai : Amit may dip to 8796/ 8754 F
[11:32]   Shai : Or add abv 8862 F
[11:32]   Rav : sharad…yes SOLD. One more sell signal in NIFTY
[11:32]   Sharad : ok
[11:37]   Shai : 8876 F is resistance now
[11:37]   Shai : Most probably a weekly close tomorrow at 8876 F
[11:38]   Shai : still a sdieways market
[11:41]   Rav : NIFTY came into writers area of 8839-8900
[11:46]   Shai : yes
[11:46]   Shai : dpoc moved lower
[11:46]   Shai : so that move down is over
[11:46]   Shai : and NF to consolidate
[11:47]   Sharad : and green too shai
[11:47]   Shai : yes 19160 F test is important for BNF
[11:48]   Shai : BNF won’t stay down below 19210 and can rise quickly in Mins to 19350 again
[11:50]   Tejpreet : Does that mean to hold bn longs brought around 19080
[11:51]   Shai : so far day low is good
[11:51]   Shai : but watch vols here
[11:51]   Shai : same buyers should stay
[11:52]   Tejpreet : ok booked half at 150
[11:52]   Rav : closed nf and bnf
[11:52]   Shai : we got 19160
[11:54]   Rav : nifty back into side way writers area
[11:54]   Amit J : cipla news flash on et
[11:56]   Shai : what is it?
[11:56]   Shai : has to cross 682 quickly
[11:57]   Amit J : acquisition in US
[11:58]   Shai : ok
[11:59]   Shai : Nf intra 8862 and BNF 19160/ 19210
[12:19]   Tejpreet : Dr reddy running now…3386 future price
[12:35]   Tejpreet : Dr Reddy boooked at 3400.
[12:40]   Shai : Nice trade 🙂
[12:40]   Tejpreet : 2 lots 50 points ..thanks.
[12:42]   Shai : Congrats 🙂
[12:45]   r m : Congrats Tejpreet!
[12:46]   Tejpreet : Thanks Rm
[12:46]   Shai : Buyers
[12:49]   Rav : nifty hi vol candle
[13:27]   Rav : nf long unwinding takes place in feb
[13:34]   Shai : bnf 19160 never gave a chance to the buyer
[13:35]   Shai : sell volume still prevails and can darg it to the 18960 obj
[13:39]   Rav : hdfc supporting
[13:39]   Shai : yes hdfc up
[13:39]   Shai : sbi down
[13:43]   Shai : Buyers coming at the lows again in BNF
[13:43]   Shai : but the overhead pink is stronger andd forcing many to exit
[13:43]   Shai : creating further downmoves
[13:43]   Shai : NF also has supporting volumes
[13:43]   Shai : at lows
[13:44]   Shai : But if 8827 F breaks can drop all the way to 8795= 30 points
[13:44]   Tejpreet : These buyers coming at lows are they fresh buyers or just short covering …any way to know that.
[13:44]   Shai : or they secure themeselves by going past vwap 8862
[13:45]   Shai : Tejpreet we do not know for sure but what we can say is that if they were fresh new buyers then price would have crossed vwap easily
[13:46]   Rav : weak buyers unwind long nf and strong hands pick it up. because NF is in LU mode
[13:46]   Tejpreet : Ok so we assume that buying with no price movement is short covering.
[13:46]   Shai : spot at that 8840 zone also
[13:46]   Shai : we do not want to see a close below 8840
[13:47]   Shai : In the overall auction _ I would say that buyers have responded at lower levels in NF
[13:47]   Shai : But day is still not over
[13:48]   Rav : 8832-8852 is good price movement
[13:49]   Rav : VAL is crossed
[13:55]   r m : bye guys, have to be away today 🙁
[13:55]   Shai : (11:59) Shai :Nf intra 8862 and BNF 19160/ 19210
[13:55]   Sumit : bye rm
[13:56]   Shai : Bye RM
[13:56]   Shai : 1.35 buyer uner pressure already
[13:56]   Shai : bnf
[13:56]   Shai : added 1825 aggressively
[13:58]   Rav : nf back in to bear side
[13:58]   Shai : NF under pressure
[14:02]   Rav : feb longs are unwinding and March is adding.Rollover,it seems
[14:03]   Amit J : 18968 tested
[14:04]   Shai : Buyers under pressure still
[14:04]   Shai : if 18960 goes we see 18812
[14:05]   Shai : NF
[14:05]   Rav : hi vol
[14:06]   Shai : longs still buying
[14:06]   Rav : 8770
[14:07]   Shai : (13:44) Shai :But if 8827 F breaks can drop all the way to 8795= 30 points
[14:08]   Sumit : bnf down 500 points
[14:09]   Amit J : look at the sixe of buy delta
[14:11]   Shai : BNF
[14:21]   Vishal : single prints in mp at lows?
[14:21]   Vishal : with buyers supporting
[14:22]   Shai : could be
[14:23]   Shai : That vol of 95 K is as big as the volume at 8926 yesterday
[14:23]   RK : we got 14k vol at BNF when that 95K is printed at BNF
[14:24]   Rav : 8800 pcr is 1.3 good support for spot
[14:24]   RK : *95k printed at NF
[14:28]   Shai : all the premium is gone in NF
[14:28]   Shai : close can be 8844 dpoc
[14:32]   Sumit : good job by buyers. recovered almost all…
[14:33]   Shai : yes that vol is big
[14:33]   Rav : put writers job that was
[14:34]   Sumit : where did the volume footprints go in NF chart?
[14:34]   Shai : back up
[14:34]   Shai : http://screencast.com/t/BPrr97iVTWgW
[14:43]   Shai : one hour to go and spot already here. what do we do now?
[14:43]   Varun : shai sint the low in bnf a poor one
[14:43]   Varun : isnt
[14:43]   Shai : yes
[14:43]   Shai : But bounced off a POC
[14:44]   Shai : dated 2/12
[14:44]   Shai : so we will take it
[14:44]   Varun : but does such old poc have the stength
[14:44]   Varun : normally a day or two
[14:44]   Shai : yes naked poc
[14:45]   Varun : ok
[14:45]   Shai : was a trend day POC also
[14:45]   Shai : still BNF is suspect below 19160 though
[14:46]   Shai : But 18960 was a nice place to let go off some shorts
[14:46]   RK : buyers at VWAP
[14:46]   Shai : NF
[14:46]   Shai : Multiple sets f green is momentum
[14:47]   RK : complete retrace back to selling point 🙂
[14:48]   Rav : 8800 pe writing works out
[14:48]   Rav : 8890 t
[14:50]   Shai : More importantly close abv 8840 secure looks like
[14:51]   Shai : Nice buying – Now only the neagtive prints abv 8899 remains
[14:52]   Shai : 19104 spot cross will give us 19380 spot again + 280 points
[14:58]   Tejpreet : Rav can you let me know option status in Axis Bank.
[14:58]   Sumit : premium back to 17 pts
[15:01]   Rav : Reached 14:48 Rav : 8890 t
[15:01]   Rav : next T 8951
[15:02]   Shai : BNF looking dangerous for shorts
[15:02]   Shai : 19210 ref
[15:02]   Shai : can go to 19350/ 19480
[15:03]   Rav : axis in LU- good for jump up tomorrow
[15:04]   Tejpreet : Thanks …picked up good quantity .
[15:04]   Rav : nf LBU
[15:05]   Rav : BULL SIDE in MP chart
[15:05]   Shai : lots of buying happening now
[15:05]   Sumit : hrs to fall and min. to rise
[15:06]   Shai : big buying volumes
[15:06]   Rav : 8800ce 110 booked at 147
[15:08]   Tejpreet : My first ever 200 point bn trade .. just 2 lots from 18980 to 19180.
[15:09]   Tejpreet : It really helps to SEE what you are doing in market.
[15:09]   Shai : Great Tejpreet Congrats
[15:10]   Shai : BNf may not be done yet
[15:10]   Shai : watching 220
[15:10]   Tejpreet : Thanks….
[15:10]   RK : congrts Tejpreet 🙂
[15:10]   RK : *congrats
[15:10]   Tejpreet : Thanks RK.
[15:10]   Shai : can run to 344 anomaly
[15:11]   Shai : NF off to 8979
[15:14]   RK : morning entered at Hypo and made exit at 260..slighltyworried for missing trend..not now 🙂
[15:15]   Shai : best is when it is green above and below
[15:15]   Shai : 19310
[15:17]   RK : Shai morning that was a good RR trade..Hypo sell at 37 with day high and hypo SL at same place..but when saw 100points quickly booked it..and now heard the whistle and done it vice versa from 19220 🙂
[15:18]   Shai : 🙂
[15:18]   Shai : 19747 tgt in BNF
[15:18]   RK : *377
[15:18]   Shai : back over 19160 is a releif for the bull
[15:19]   Rav : bnf targetting 19500 where ce writing started
[15:21]   Shai : NF is a neutral extreme
[15:21]   Shai : BNF won’t have time to do it today
[15:22]   Shai : yes another exmaple of anomaly closing – (15:10) Shai :can run to 344 anomaly
[15:26]   Shai : NF getting sellers
[15:26]   Rav : 9000ce 11 lacs reduced
[15:26]   Tejpreet : Could be long unwinding profit booking.
[15:26]   Shai : yes
[15:26]   Shai : lots of buying all the 100 points up from 8800
[15:27]   Shai : plenty of conviction
[15:27]   Amit J : and close above 8840
[15:27]   Rav : ce writers closed out of fear
[15:28]   Shai : NF does not have immedaite headroom upwards tomorrow in morning
[15:28]   Shai : But BNF has
[15:28]   Shai : if carrying carry BNF over NF
[15:28]   Shai : BNF should do 19485 in first 2 hours tom
[15:28]   Shai : sl 19210
[15:28]   Tejpreet : and in BN how abt carrying sbi n axis.
[15:29]   Shai : too late t pull up a chart of axis but sbi is neutral in consolidation
[15:30]   Tejpreet : i meant already holding.
[15:30]   Shai : yes
[15:30]   Shai : then alright
[15:30]   Shai : remind me to update early at open
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice evening
[15:30]   Tejpreet : Bye everyone…sure.
[15:31]   Porus : bye all
[15:31]   Sumit : good bye everyone
[15:42]   Amit J : bye