OrderFlow charts and Notes 20/04

[08:41]   r m : Good Morning folks!
[08:41]   r m : http://vtrender.com/levels-and-plan-for-20th-april/
[08:41]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-1704/
[08:42]   r m : Nifty APR Future levels Key Reference Area 8660 Hypo1 below 8660➜8610➜8563 SL 8688 Hypo2 above 8690➜8724➜8749 SL 8651
[08:42]   r m : Nifty Weekly Spot levels Support 8560-8580/8534/8342-8321 Resistance 8685/8735
[08:42]   r m : Banknifty APR Future levels KRA 18375 Hypo1 below 18375➜18294➜18185 SL 18475 Hypo2 above 18475➜18550➜18625 SL 18369
[08:42]   r m : Banknifty Weekly Spot levels Support 18232/18131/17900 Resistance 18724/18810
[08:45]   Porus : GM RM and all
[08:50]   r m : Hi Porus
[08:58]   r m : Results today – Hindustan Zinc
[08:59]   r m : Results tomorrow – HCL Tech, Wipro, Just Dial
[09:05]   Sharad : GM all
[09:08]   Shai : GM all
[09:08]   Tejpreet : GM all
[09:11]   Keshav : morning all
[09:11]   Ashish : Gm all
[09:16]   Shai : Open near lows
[09:16]   Shai : Have done a review on teh bias in the weekly profile
[09:16]   Shai : does not look like the earlier supports near 8580 may hold as sellers are stronger up above now
[09:23]   Shai : OPen has a seller right at open but volumes are moderate
[09:34]   Shai : 18470 val in BNF
[09:34]   Shai : tentative open
[09:43]   Shai : 8622/ 8610 F had an earier set of buyers and trading below those 2 points is weak this morning
[09:43]   Shai : 8628-30 is the aggressive seller of the Open
[09:44]   Sharad : Shai what can be downside if break 8580 ?
[09:44]   Shai : F?
[09:44]   Sharad : yes
[09:44]   Sharad : 8580 spot is support right ?
[09:45]   Shai : downside on spot is open to 8468
[09:45]   Sharad : almost 100 point below 8580 spot…
[09:46]   Sharad : BNF not going down today… so can we consider this 8572 spot current as broken from 8580 ?
[09:46]   Shai : spot may drift down to 8534 today
[09:47]   Sharad : ok and can you give levels of Reliance for buy today intra
[09:47]   Shai : BNF no strength till 18510 is crossed
[09:47]   Shai : 18510F
[09:47]   Sharad : ok
[09:49]   Shai : RUIL can drop to 896 if 911 breaks
[09:50]   Sharad : ok and for buy what price keeping minimum SL
[09:51]   Vishal : GM All
[09:52]   Shai : Heavier buyers are down below at 830
[09:53]   Shai : they could have led that run up
[09:53]   Shai : not seeing great value in doing a breakout trade in RIL at these prices- upside looks capped around 965 for few weeks
[09:54]   Sharad : Shai asking just for intraday ?
[09:54]   Shai : should rally a bit abv 935
[09:54]   Sharad : today after results 30/40 movement will be there before closing
[09:55]   Sharad : can we take out yesterday high of 946 ?
[09:56]   Shai : yes abv 936 only for 944/ 961
[09:56]   Chirag : Results might have been priced in as it rallied so much..
[09:56]   Sharad : ok fine Thanks
[09:56]   Shai : open si a drive down with response near 911
[09:57]   Shai : but could be sentiment driven in RIL based on results
[09:57]   Shai : baest is to trade out the 1st hour in such cases
[09:58]   Sharad : yes and we rallied for last 15 days… so new high after results looks possible
[10:00]   RK : GM Shai,RM and all
[10:03]   r m : Hi RK
[10:03]   r m : @Sharad, RIL did make a punch at previous high 🙂 http://screencast.com/t/CYunfY5ch2
[10:04]   RK : Shai Maruti good for short here?
[10:04]   Sharad : That was yesterday RM
[10:05]   r m : yes
[10:09]   r m : BNF flirting with KRA!
[10:12]   r m : (*** Private to RK ) Today N f
[10:13]   r m : (*** Private to RK ) Today NF’s turn at L4
[10:17]   Shai : yes Marut weak can drop to 3579/ 3566
[10:22]   Amit J : shai good view on that ntpc dividend concept last mth. it came back to pre div level
[10:23]   Shai : 🙂
[10:23]   RK : thanks Shai
[10:24]   Shai : watching the area around 8534 spot for a bounce in Nifty f a 100- 150 points to 8630- 8670 spot where sellers should come again
[10:35]   Shai : decent volumes in last 30 mins
[10:35]   Shai : activity is there
[10:36]   Shai : weak nF still beow vwap
[10:38]   Shai : NF one time frame down from 8670 F f friday still
[10:39]   Shai : gets ok abv vwap and can do 8725/ 8740 abv 8700 with sl of 8576
[10:40]   Shai : Even if we consider friday hour to be a spike we are clearly below spike lows and hence sellers have all the contrl
[10:41]   Hemant : Shai, GM. What kind of close are we looking at?
[10:41]   Hemant : Downside is limited by how much?
[10:43]   Shai : in Nifty – I would be looking at 8534 spot holding up
[10:43]   Shai : but so far selling is not subsided
[10:43]   Hemant : Will 8550 act as a resistance?
[10:44]   Shai : intra?
[10:44]   Hemant : Yes
[10:44]   Shai : intra supp/ res – best to go by Fut levels
[10:44]   Hemant : Ok 🙂
[10:44]   Chirag : Shai sir,Shriram Transport near 1000 levels..please have a look..long candidate?
[10:44]   Shai : vwap is the best place to decide after val/ vah/ poc
[10:44]   Shai : 8598 F intra res
[10:45]   Shai : Sell BNF 18430 sl 18490 tgt 18375
[10:48]   Shai : Chirag close to supp band but this morning a few more sellers – chance of a drop to 983 are there still
[10:49]   Chirag : ok sir 🙂
[10:49]   Shai : suggest wait till last 30 mins if looking for longs
[10:49]   Shai : mostly this profile closes at lows after a mid afternoon bounce
[10:49]   RK : DRREDDY, would you call that spike high today as FA?
[10:51]   Ashish : Shai, Is Colpal a short here till 1950 levels??
[10:51]   Shai : No was in IB RK
[10:51]   Shai : But it is clearly showing signs of sellers coming at 3740
[10:52]   RK : got it..Yes looking for short
[10:52]   Shai : could invite a fall to 3528
[10:52]   RK : Can we go short then on rise?
[10:52]   RK : ok thanks
[10:53]   Shai : yes short sl abv 3740
[10:53]   RK : thanks
[10:54]   RK : FMCG too looks bad..Asian already broken week lows..HUL below that range of 924
[10:54]   RK : just fyi
[10:58]   Chirag : Shai sir,will you please take a cash market stock request?
[11:01]   Shai : sure chirag- all are cash levels
[11:02]   Chirag : Atul auto..
[11:05]   Tejpreet : Shai can we go long now at spot 8534 now.
[11:06]   Shai : Go long abv 8580 F with day low as sl- 5
[11:06]   Shai : add abv vwap
[11:08]   Tejpreet : Thanks Shai.
[11:11]   Shai : atul auto giving up the gains of last week no stength till below 593 now
[11:11]   Shai : can drop to 560 where last week’s buying took place
[11:12]   Shai : if you want to buy keep 544- 560 on the watchlist and watch price there or defer till it crosses 594 again
[11:13]   Chirag : Ok sir.Thanks 🙂
[11:13]   Shai : 8535 spot
[11:13]   Shai : strength here will be confirmed if we trade abv IBL
[11:14]   Shai : OrderFow does not show buying yet
[11:15]   Hemant : So it can drag itself further ?
[11:15]   Hemant : Where is the next support Shai sir?
[11:16]   r m : @Hemant, in weekly spot terms 8342-8321 as given in today’s levels, but that is not intraday
[11:16]   Shai : next 1 down at 8470 spot
[11:17]   Hemant : Ok RM, I’m going to keep the puts for this position.
[11:17]   Amit J : any chance of 8534 holding
[11:18]   Shai : sp far no signs Amit
[11:19]   r m : @Heman, keep checking with Shai, spot based trades have stops on daily or weekly close 🙂
[11:21]   Hemant : Got it RM, thanks 🙂
[11:21]   Hemant : Could you post the Google spreadsheet link pls.
[11:23]   r m : (*** Private to Ashish ) power levels updated by Shai, thanks for reminding
[11:24]   Tejpreet : Shai rather than going long by buying futures or call …sold 8400 call at 40 …vix is also quite high today.
[11:24]   Tejpreet : 8400 put
[11:26]   r m : @Hemant, which spreadsheet, we have so many 🙂
[11:27]   Hemant : RM, the one which has those spot levels
[11:28]   Hemant : Futures daily notes I think
[11:28]   r m : ok
[11:30]   r m : this has prime levels, spot leves are on blog post
[11:30]   Ashish : Thanks RM
[11:30]   r m : http://vtrender.com/levels-and-plan-for-20th-april/
[11:30]   r m : welcome Ashish
[11:30]   Hemant : Ty RM 🙂
[11:31]   r m : welcome 🙂
[11:34]   Shai : Can’t see a big buying program in NF yet on intra
[11:37]   r m : Weekly Nifty and Banknify spot levels are updated in stockslevel sheet too
[11:38]   r m : all spreadsheet can be accessed thru ‘Documents’ folder on right bottom of this screen
[11:45]   Sharad : where is vwap in NF ?
[11:45]   r m : 8588
[11:45]   Sharad : ok Thanks RM
[11:45]   r m : approx, my data is not that good 🙂
[11:45]   r m : welcome
[11:46]   r m : BNF in value
[11:46]   Amit J : banknifty 80%
[11:48]   Amit J : nifty FA if we cross days high?
[11:49]   r m : not really, NF spent almost one hour below IBL
[11:50]   Amit J : ok
[11:51]   Amit J : thats why i asked, as i was confused with that time spend
[11:51]   r m : triple print below IBL
[11:51]   r m : G, H & I letters
[12:02]   RK : BNF close to H4..but mostly the trigger after big move whips
[12:03]   RK : NF at L4 and BNF at H4 🙂
[12:04]   RK : @RM for you above 2 msgs 🙂
[12:05]   r m : Thanks RK 🙂
[12:20]   Chirag : Shai sir,Shriram transport rebounds from 200 DMA.
[12:30]   Amit J : what is this red and dark blue line in BN @rm
[12:33]   r m : 18507 is dpoc
[12:35]   Amit J : lupin superb. again todays low was 1750
[12:39]   Amit J : shai your view on sbi
[12:39]   r m : NF tackling vwap now
[12:58]   RK : Amit any +ve news for real estate?cements are moving good
[12:58]   r m : real estate bill is there in parliament
[12:59]   RK : Yes but its not new right?
[12:59]   r m : no, always used to jack up prices though never passed 🙂
[12:59]   RK : 🙂
[13:00]   RK : ACC and Ultratec 50 rs off from lows
[13:01]   Amit J : people are getting optimist on rate sensitives
[13:03]   RK : ok
[13:16]   Amit J : shai any view?
[13:18]   Shai : sbin no big edge 288- 295
[13:19]   Shai : can produce a move to 314 abv 295 but may get sold down again from there
[13:22]   Vishal : @ SHai
[13:23]   Vishal : can you please produce full view of OF chart for moment pls
[13:23]   Shai : NF?
[13:23]   Vishal : yes
[13:23]   Vishal : sorry
[13:23]   Vishal : FP chart
[13:24]   Vishal : ok thanks
[13:25]   Vishal : can restore now
[13:26]   Shai : NF- http://screencast.com/t/CsU3mbWm1
[13:27]   Vishal : there are 2 VWAP levels on this chart
[13:27]   Vishal : 1 at 8636 and another is at 8584
[13:28]   Vishal : so i guess 8636 yes YVWAP and 8584 ie DVWAP right Shai?
[13:29]   Shai : NO yvwap is 8671
[13:29]   r m : 8636 is 3sd band
[13:29]   Shai : 8636 is 3sd band of this vwap f 8585
[13:30]   Shai : 8552 is the first sign of a buyer
[13:31]   Varun : is there a lvn at 8544
[13:31]   Varun : ?
[13:31]   Shai : yes 8544 lvn
[13:35]   Vishal : ok Shai thanks for clarification
[13:36]   Amit J : shai axis any view
[13:38]   Varun : this lvn zone till wht level @shai
[13:39]   Shai : only at 8544
[13:39]   Shai : if that breaks we may fall to 8508/ 8498
[13:40]   Varun : thanks
[13:40]   Varun : shai whenever we see abuyer or seller above 50000
[13:40]   Varun : we shld refresh tick data
[13:40]   Varun : it changes most of the times
[13:40]   Varun : like the one lakh at 58
[13:42]   r m : 8544 from April Fool’s day 🙂 http://screencast.com/t/RzzjLOeAu
[13:44]   Amit J : shai set up for day low close?
[13:45]   Shai : yes possibly
[13:51]   r m : @Shai, can one buy 8300PE if spot close below 8534?
[13:52]   Varun : @shai the ease with which single prints covered on downside since 8860, shows good weakness ?
[13:52]   Varun : @shai cn u refresh one min tick data
[13:55]   Shai : No RM not at todays close
[13:55]   r m : Thanks!
[13:55]   Shai : Yes varun the weekly data review put forth a lot mre weakness than I originally thought
[13:56]   Shai : BNF is a different beast today
[13:56]   Shai : NF still one time frame lower
[13:57]   Shai : More selling now coming in NF
[13:57]   Shai : can drop down to that 8508 mark
[14:02]   Shai : Fii’s rsing cash to pay MAT to AJ 🙂
[14:02]   Shai : raising *
[14:05]   r m : 🙂
[14:10]   Shai : 8498 first of 3 responsive buyers who created that 11 day rally
[14:10]   Shai : 2nd at 8450 F
[14:15]   Shai : sellers mounting
[14:19]   Shai : volume high on this round from 8545
[14:21]   Chirag : Shai sir,TCS,Sun pharma and Auro pharma..any stock worth looking for a long today?
[14:26]   Shai : sun pharma abv 1054 would be good for 1082/ 1115 sl of 1035 but only abv 1054
[14:28]   Shai : aggressive long trade in NF for 8545 with sl of 8495 cmp 8512
[14:30]   Shai : wasted ;(
[14:33]   Chirag : ok and TCS?Its near support level.
[14:34]   Shai : tcs does not hint at a big rise
[14:34]   Shai : best case may consolidate
[14:34]   Chirag : ok.
[14:37]   Shai : BNF tanking
[14:43]   Shai : No signs of stopping
[14:44]   Vishal : Shai what is 2IB and 3IB?
[14:46]   r m : 2 times Initial balance and 3 times
[14:46]   Vishal : ohh ok
[14:46]   r m : Initial Balance is first hour range
[14:47]   Vishal : yes yes
[14:47]   Vishal : thanks RM
[14:47]   r m : welcome
[14:50]   Amit J : all morning levels gone
[14:51]   r m : and NEST hung 🙂
[14:51]   Amit J : shai where are we heading next
[14:53]   Shai : 8342/ 8321
[14:54]   Shai : selling has got emotional- looking for a bounce
[14:54]   Porus : Shai, is there a bounce in bnf?
[14:54]   Shai : Porus 18210 max in F
[14:55]   Porus : o
[14:55]   Porus : ok
[14:56]   Porus : Where will bnf close be?
[14:57]   Hemant : Shai sir, still holding puts
[14:57]   Shai : BNF looks like a DD profile and should close now in this region
[14:57]   Hemant : where does it reverse?
[14:57]   Shai : Great Hemant- well played
[14:57]   Hemant : Ty Sir
[14:57]   Shai : 8523- 8544 F now first levels of reversal
[14:58]   Hemant : Time to partially exit I suppose
[14:58]   Hemant : 🙂
[14:59]   r m : congrats Hemant, you caught a whale 🙂
[14:59]   Amit J : shai can you refresh charts
[14:59]   Amit J : delta not visible
[15:03]   Hemant : Thank you bro
[15:04]   Hemant : Hope tomorrow it give another 50 60 pts
[15:04]   Porus : Shai, are we on the path to 17900spot in bnf ths week?
[15:05]   r m : 🙂
[15:05]   Shai : Porus now trail below 18135 + few for filter
[15:05]   Shai : spot
[15:05]   Shai : quite a hammering today
[15:06]   Shai : int to look at FII cash numbers
[15:06]   Shai : last 2 days have been net sell
[15:06]   Shai : sme big sellers below 8544 F
[15:13]   Shai : some buyers here finally in NF
[15:13]   Shai : equally big
[15:13]   Shai : may want to push it to 8522 F tom
[15:13]   Porus : Maybe a gap up open tomorrow?
[15:14]   Shai : can’t say – but this selling is local to us
[15:15]   Shai : news flow overnight in the form os a clarification etc only can create a gap up
[15:15]   Shai : AJ is hell bent on finishing off #acchedin for Fii’s
[15:16]   Shai : at 140 L of volumes this sell off can’t be taken lightly
[15:16]   Shai : all upmoves will be used to add shorts and buy puts
[15:17]   Porus : shai, which puts do you suggest?
[15:18]   Shai : 8300
[15:18]   Porus : and bnf?
[15:18]   RK : HDFC cracks
[15:19]   Shai : 17930/ 17730 spot
[15:20]   Chirag : ICICI in green still..
[15:28]   Sharad : Shai where is DPOC in nifty
[15:28]   Hemant : Shai sir, it may breach 8400 tomorrow?
[15:28]   Shai : 8576
[15:29]   Sharad : ok fine
[15:29]   Shai : No Hemant odds higher for a bounce and then down again
[15:29]   Hemant : Ok sir, will go with the flow
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Sharad : Bye all
[15:31]   Shai : Bye all
[15:31]   RK : thanks and bye all
[15:31]   Shai : Have a nice evening
[15:31]   Porus : bye all
[15:32]   Vishal : bbye all