OrderFlow charts and Notes 21/04

[08:48]   r m : Good Morning folks!
[08:48]   r m : http://vtrender.com/levels-and-plan-for-21st-april/
[08:48]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-2004/
[08:48]   Porus : Good Morning RM and all
[08:48]   r m : Hi Porus
[08:48]   r m : Nifty APR Future levels Key Reference Area 8434 Hypo1 above 8470➜8508-10➜8560 SL8434 Hypo2 below 8434➜8370➜8348 SL 8471
[08:49]   r m : Banknifty APR Future levels KRA 18185 Hypo1 below 18145➜18052➜17955 SL 18310 Hypo2 above 18355➜18410➜18475 SL 18269
[08:56]   Shai : GM all
[08:57]   Hemant : GM folks
[08:59]   Tejpreet : GM All.
[08:59]   Hemant : Shai sir, small query, what does MO indicate? Leading or lagging?
[08:59]   r m : @Hemant, it is derived from Advance/Decline and indicates broader market overbuy/oversell conditions
[09:01]   Hemant : Its the magenta and green line on the NF/BNF charts right?
[09:01]   r m : no, it is posted on blog every evening
[09:01]   Hemant : Thanks RM
[09:02]   r m : MO explained http://tinyurl.com/7dg3f37
[09:02]   r m : welcome
[09:03]   r m : Results today – HCL Tech, Wipro, Just Dial
[09:03]   r m : Results tomorrow- Yes Bank
[09:04]   Tejpreet : Hcl results in numbers look below estimates.
[09:07]   Hemant : Can we expect 100 pts drop today again?
[09:08]   Ashish : GM all
[09:11]   Sharad : GM all
[09:12]   RK : GM Shai,RM and all
[09:12]   r m : Hi RK
[09:13]   Tejpreet : Pre-opening Session: HCL Tech 845.10 -8.57%: Sun Pharma 985.25 -5.61%
[09:15]   Vishal : Hi GM All
[09:21]   Shai : not enough selling at this open like yesterday
[09:21]   Shai : seeing more buyers
[09:21]   Amit J : banknift y will have more buyer to adjust IT and pharma
[09:21]   Shai : BNF at val
[09:21]   Shai : 80% rule may not happen but can tgt POC
[09:22]   Shai : tvwap at 18326 a fair tgt for this move in BNF
[09:24]   Shai : 8427 does not have volume
[09:24]   Shai : move is off 8434
[09:28]   Shai : NF and BNF both in open drives
[09:28]   Shai : vwap – few a sl for these open buyers
[09:28]   Shai : 8510 and 18325 are the objectives
[09:32]   Tejpreet : Shai view on HCL has given a bounce from lows .
[09:34]   Amit J : even view on sun. block almost done
[09:34]   Tejpreet : Amit any reason for sun gap down.
[09:35]   Amit J : block deal
[09:35]   Shai : sun stake sell
[09:35]   Amit J : 930
[09:35]   Shai : daiichi
[09:35]   Amit J : almost done
[09:35]   Tejpreet : ok …yeah read that.
[09:36]   RK : Maruti targets done
[09:36]   RK : @Shai
[09:36]   RK : still looks weak
[09:37]   Ashish : Shai, apollo hospital levels please
[09:38]   Shai : ignre that
[09:38]   Ashish : ok..
[09:39]   Shai : cross of 877 in hcl tech can mean 912 revisist where seller can appear
[09:39]   Shai : Ignore was for that hcltech stmt I made previously- will update apollo in a bit
[09:40]   Ashish : oops
[09:40]   Tejpreet : Thanks Shai for HCL.
[09:42]   Shai : apollo can swing up abv 1284 with sl of 1267 can do 1305/ 1318
[09:43]   Shai : NF got sellers again
[09:44]   Shai : vwap taken down
[09:44]   Shai : could point to a normal day btw 8430- 8510 today
[09:46]   RK : Shai DR can go down below 3468?
[09:50]   Shai : can do 3424-36 and 3364 if it break below
[09:50]   RK : better trail SL can be above 3526 Shai?
[09:51]   Shai : yes trail is abv 3540 actually
[09:51]   RK : thanks
[09:51]   Tejpreet : Amit any news on the street about Infy results …as it results are bad going long on Infy could be nice contra trade.
[09:51]   Shai : prudent would be to book a keep a sell below qty open
[09:51]   Tejpreet : it means IT sector.
[09:52]   Amit J : shai your view on century. next round will start again
[09:53]   Amit J : infy should be good but no news yet
[09:53]   Tejpreet : Thanks
[10:02]   Shai : centrury good abv 674 positiona;
[10:02]   Shai : 680 to 733 is one setup with stops below 650 and abv 735 can do 775 with stops below 680
[10:03]   Amit J : thks
[10:04]   Shai : all morning buyers kncoked off
[10:07]   Hemant : Shai sir, where could the drop end?
[10:07]   Hemant : on Nifty spot
[10:11]   Shai : seeing supp at 8320 and 8270
[10:12]   Hemant : 🙂 Ty
[10:15]   Shai : 8430 again buyers
[10:23]   Shai : sellers again from vwap
[10:25]   RK : Shai, this comment for NF or DR? (09:51) Shai :prudent would be to book a keep a sell below qty open
[10:26]   Shai : for dr
[10:26]   Shai : it was
[10:26]   Shai : NF now below vpoc 8434 sellers coming in strongly
[10:26]   RK : fine..
[10:26]   Shai : sl is 8471 on day
[10:29]   Shai : 8418 seller could be that 8430 algo giving up
[10:31]   Shai : sell NF 8428 sl 8471 tgt 8348 F
[10:34]   Amit J : shai lupin below your medium term level
[10:34]   Amit J : any view
[10:38]   Shai : not that weak yet
[10:39]   Shai : maintain 1682 as sl
[10:39]   Amit J : ok
[10:39]   Varun : @shai can we hve a tpo based profile in the blog
[10:40]   Varun : as earlier
[10:40]   Varun : easy to read
[10:40]   Shai : sure
[10:40]   Shai : sone
[10:40]   Shai : done
[10:40]   Varun : thnks
[10:42]   RK : ACC after a sell off on Friday, made inside day yday..today also PDL is held till now..break of 1507 may give good short entry..
[10:45]   Varun : cn u refresh one min data to check 130550 is a buyer or seller
[10:46]   Varun : thnks
[10:46]   Varun : shai to read order flow
[10:46]   Shai : opposing timeframe
[10:46]   Varun : suppose if we trade now below 8418
[10:47]   Shai : 8417 seller / 8430 directly abv buyer
[10:47]   Varun : tht big sller, will it be considered weak
[10:47]   Varun : if he doesnt cover
[10:47]   Shai : My first view on seeing that was that it is the same algo cancleiing out
[10:48]   Shai : but no way to know for sure
[10:48]   Varun : u mean 150000 sold out
[10:48]   Shai : yes
[10:49]   Varun : whts more authentic to read
[10:49]   Varun : 5 min or 15 min
[10:49]   Varun : i feel 15 min
[10:49]   Varun : wht u say ?
[10:49]   Shai : 15 mins
[10:50]   Varun : thnks
[10:50]   Shai : exit the NF shorts – not staying below vpoc and IBL
[10:50]   Varun : we just need a refresh sometimes
[10:50]   Shai : yes
[10:51]   Shai : problem is NSE servers are not equipped to handle heavy volumes and distort data
[10:53]   Varun : but that changes the enitre context
[10:53]   Varun : a change in figures is understanable
[10:53]   Varun : but how can a buyer become a seller
[10:55]   Ashish : Shai, hindustan unilever levels please..
[10:55]   Shai : Varun it’s tick data distortion
[10:55]   Shai : NSE does it on uptick/ downtick not price change
[10:57]   Shai : hll weak below 913 – can tgt 870/ 860
[10:57]   Shai : be back in few mins..
[10:57]   Ashish : Thanks
[11:23]   Amit J : century moving
[11:49]   Shai : possibility of that FA at lows still active- has to take out 8501
[11:59]   Ashish : Shai, adanient values please
[12:00]   Shai : adani good abv 634 on dips but immediate upside may be capped at 667
[12:01]   Ashish : Thanks
[12:02]   Shai : reduce BN puts abv 18380 today. Then BN may attempt 18600 and 18780 F again
[12:52]   Shai : Big greens in NF
[13:10]   Amit J : sun recovered 30 rs
[13:10]   Tejpreet : Shai global markets are all green …above which lvl in nifty and BN bulls can be safe positionally.
[13:14]   Shai : positional has to cross 8515 and 8560
[13:14]   Shai : F
[13:18]   Tejpreet : Thanks.
[13:18]   Shai : what we have now is a pause for a day or two
[13:19]   Shai : could slide sideways
[13:19]   Shai : but not crossoing 8560 means one more leg down
[13:19]   Hemant : Pause before it resumes downdrift?
[13:20]   Shai : yes
[13:21]   Hemant : Hmm
[13:21]   Hemant : Shai sir, in what range could expiry happen?
[13:22]   Shai : little early to decide as we have moved off
[13:22]   Shai : still unstable for expiry view
[13:23]   Hemant : Just picked up puts, keeping in mind the supply levels
[13:30]   Shai : one leg down may come to 8430 and one up back t 8500 by close
[13:31]   Vishal : intra?
[13:31]   Shai : yes
[13:31]   Vishal : achha
[13:32]   Varun : these singles from 8484 go till where @shai
[13:32]   Shai : 8514/ 8548
[13:32]   Varun : gt it
[13:33]   Varun : wont be easy to cros today with such a big ib
[13:33]   Varun : good would be a bell curve today, inside day tmrw
[13:33]   Varun : and then a break out
[13:33]   Varun : lets see
[13:34]   Shai : perfect
[13:34]   Shai : is a 8560- 8420 play
[13:34]   Shai : F
[13:35]   Shai : expiry looks like will be below 8600 strke
[13:43]   Shai : here is that dip to 8440
[13:43]   Shai : BNF 18190
[13:45]   Tejpreet : This dip to be brought into at 8440
[13:47]   Shai : yes sl day low
[13:47]   Shai : tgt 8490
[13:48]   Tejpreet : Great ..Thanks.
[13:53]   Shai : we have an FA at bottom for coming days if day low holds up
[13:53]   Shai : today..
[13:54]   Shai : text book visist of IBH not done but we came close to 8494 which considering the range of the IB is reasonable
[13:55]   Ashish : Shai, Can HCltech re-visit 850 levels today or minimum VWAP level??
[13:58]   Shai : hcl tech intra day supp 870
[13:58]   Shai : went abv 912 briefly but met with rejection
[13:58]   Shai : most probabaly would stay 920- 830 range for a few sessions
[13:58]   Ashish : Thanks a lot Shai
[14:00]   Shai : welcome 🙂
[14:11]   Amit J : surprising 8400writers not interested at all
[14:14]   Shai : yes good point
[14:14]   Shai : 8500 is growing
[14:14]   Shai : 8500 ce
[14:17]   Sharad : Shai 8500 put writers are not worried at all…. yesterday and today not shedding even 50,000 qty also …current OI 45,10,000
[14:17]   Amit J : but 8500 call writers did it in morning hr and we are at vwap of today. breakout from todays high and they would panic
[14:18]   Sharad : i think 8500 Ce addition is some one buying big 8500 CE
[14:18]   Sharad : instead of call writing i amen
[14:18]   Sharad : mean
[14:19]   Shai : ok- that is a possibility too
[14:19]   Amit J : most addition was in morning during panic so it must be writers only. but for them to panic we need to cross days high
[14:20]   Amit J : why is at the money call IVs more than put
[14:21]   Shai : Diifficult for a break when vwap/ dpoc togther
[14:21]   Shai : may close around here as profile is balancing
[14:21]   Sharad : amit when some one buying IV more as premium more
[14:22]   Amit J : yes i know but call IVs higher than put is very rare and that too in panic situation
[14:24]   Sharad : locals are in panic… but who ever is buying is informed one..and kept future prices low to add slowly
[14:43]   Varun : some tax evasion news on bloomberg
[14:43]   Varun : around like 40000 cr s on fii
[14:44]   Varun : sorry 40000
[14:58]   Shai : Selling is heavy from vwap
[14:58]   Tejpreet : looks like fii selling again
[14:58]   Shai : FA is gone
[14:58]   Shai : yes could be
[15:01]   Shai : BNF can drop to 17990 sl 18210
[15:03]   Ashish : Shai, thanks for HUL, covered short positions…
[15:03]   Amit J : again trending shai with days low close?
[15:03]   Shai : No not trending
[15:03]   Shai : but longs closing from intra
[15:04]   Shai : New sellers from vwap
[15:06]   Shai : really big volume sellers coming again NF
[15:06]   Hemant : Shai sir, the supply is at same levels as you mentioned?
[15:06]   Shai : just like 8560 the other day
[15:06]   Shai : yes vwap 8556
[15:07]   Porus : long red bar still to come?:-)
[15:11]   Varun : seems mrkt in mood to go -80 +80 – 80 at mo 😉
[15:12]   Varun : breaks fail type 😉
[15:12]   Varun : option buyers delite
[15:13]   Hemant : 🙂
[15:15]   Hemant : Shai sir, where is the supply on spot?
[15:16]   Shai : 8404 and 8473 spot into next week major supply
[15:16]   Shai : bounces to 8473 spot could be sold
[15:16]   Varun : hve we done ur weekly objective or still a few short @shai
[15:18]   Shai : not yet
[15:18]   Porus : shai, bnf bounce expected upto?
[15:18]   Shai : 8340 vpoc final on spot
[15:19]   Varun : we did 8352
[15:19]   Shai : Porus 18225 big seller
[15:19]   Shai : yes
[15:19]   Shai : new supply came at 8460 F
[15:20]   Varun : thr ws a news also
[15:20]   Varun : at 8440f
[15:20]   Shai : ok
[15:20]   Shai : sell volume very high from 8460F
[15:25]   Tejpreet : Another day with big volumes in nifty.
[15:26]   Shai : yes 145 L plus
[15:28]   Amit J : 225 sellers gone
[15:29]   Shai : response is decent
[15:29]   Shai : one more trip and similar rise tom can give a short term bottom
[15:30]   Shai : mkts would hunt longs below that 8350 spot low before going up if they have to
[15:30]   RK : thanks and bye all
[15:30]   Varun : whts 200 dma shai
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : Never checked Varun
[15:30]   Varun : k
[15:30]   Shai : Bye all
[15:30]   Varun : bye
[15:30]   Hemant : Shai sir, should pick up puts tomorrow ?
[15:30]   Ashish : Bye all
[15:30]   Shai : Have a nice evening
[15:30]   Vishal : bbye all
[15:30]   Vishal : bbye all
[15:31]   Shai : No hemant
[15:31]   Shai : Risk of a rise is there very close to imbalance tgt of 8340/ 8320 spot
[15:31]   Hemant : Ok sir.
[15:31]   Hemant : I’ve scaled down my position
[15:32]   Hemant : Hopefully I will get a chance tomorrow to get the bears fade
[15:32]   Shai : ok
[15:32]   Hemant : Great! See you tomorrow sir
[15:32]   Hemant : 🙂
[15:33]   Porus : bye all