OrderFlow charts and Notes 22/01

[08:52]   r m : Good Morning folks!
[08:52]   r m : http://vtrender.com/levels-and-plan-for-220115/
[08:53]   Porus : GM rm and all
[08:53]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-2101/
[08:53]   r m : Hi Porus
[08:53]   r m : NF Hypo1 above 8728➜8768➜8813 SL 8703 Hypo2 below 8701➜8666➜8643 SL 8734 JAN Future levels
[08:53]   r m : BNF Hypo1 below 19969➜19840➜19749 SL 19995 Hypo2 above 20010➜20103➜20190 SL 19969 JAN Future levels
[08:54]   r m : Results today – Biocon, Cairn, Dish TV
[08:55]   Shai : GM all
[08:55]   Sharad : GM all
[09:05]   RK : GM all
[09:09]   Shai : looks like a gap up near the highs of the range
[09:10]   Shai : all gaps have not closed and neither has the NF gone below vah in the pprevious sessions
[09:10]   Shai : 8768 is the ref line above which we are looking at 8813 to come
[09:11]   Shai : IN BNF 19950 showed longs booking – so we wait and see if we auction abv 199950 today
[09:14]   r m : that (199950) will bankrupt the shorts 😀
[09:15]   Shai : 🙂
[09:15]   Varun : if we enter pva, does 80 % rule apply
[09:16]   Amit J : exited suzlon
[09:17]   Amit J : bought idbi, highest exposure to suzlon
[09:17]   Shai : yes Varun will apply
[09:18]   Shai : Nce trade Amit
[09:18]   Shai : 18.7 res
[09:18]   Varun : pvah is around 8746 ?
[09:19]   Varun : gt it 47
[09:24]   Shai : 19936 is the high
[09:24]   Shai : lots of changes in BNF II yesterday
[09:25]   Shai : suggestive of longs cashing out near that 19950 zone
[09:26]   Varun : do lower vwap bands act as upport ?
[09:26]   Varun : nifty has it very near previous vah
[09:26]   Shai : a mve below 19840 should bring 19749
[09:26]   Shai : yes lower vwap supp
[09:27]   Shai : they break only if volumes increase
[09:28]   Varun : ok thnks
[09:30]   r m : BNF at target1
[09:32]   Mandar : Good Morning All. Shai, sun pharma 910. Thanks
[09:34]   Shai : Congrats Mandar- good trade
[09:35]   Shai : 8766 is where the volume is ofF the Open
[09:35]   Shai : BNF yesterday morning’s open drive was from 19830- 40
[09:36]   Shai : that open drive broke vwap as well as day up momentum yesterday
[09:36]   Shai : does not happen generally
[09:36]   Shai : auction is back at that zone searchng for buyers
[09:37]   Varun : is it finding buyers ?
[09:37]   Shai : yes not big yet
[09:38]   Shai : but no new sellers for sure below 840
[09:38]   Varun : below 830 will of wave also change colors ?
[09:39]   Shai : No that will change only when we move below VAL
[09:39]   Varun : thnks
[09:40]   Varun : but we are below pval
[09:40]   Shai : 19920 and 19870 are today’s big sellers
[09:41]   Shai : yes but that is a positional signal – has to stay below val and confirm sellers for that to change
[09:41]   Varun : ok got it
[09:41]   Varun : so indiaction tht we r getting sellers below val
[09:42]   Shai : vol is still poor at 300k
[09:43]   Varun : does the green/red very small bar indicate relative volume till tht time of the day , top/left of screen
[09:45]   RK : 8770
[09:45]   r m : @Varun, that is OHLC bar
[09:46]   Varun : ohlc ?
[09:47]   r m : open, high, low, close
[09:47]   Shai : sea of buyers from vwap
[09:47]   Varun : ok thnaks, any place to see whether volumes are above /below avg ?
[09:47]   Shai : 8762 is the dar blue at 68 in the FP chart
[09:54]   Shai : reverse 80% trade in BNF
[09:55]   Shai : 19840 sl tgt is vah of 19945
[10:05]   Rav : 8700 spot is fully protected and 8800 is next stop
[10:13]   Rav : bought 20000ce
[10:16]   Shai : slight selling at 8780- 8785 but the buyer below at 8762 is still very strong
[10:18]   Amit J : shai any view on aban
[10:19]   Rav : written 8700pe
[10:22]   Rav : PCR from 1.782 to 1.829 today
[10:23]   Shai : aban has support at 487 / 492 band which is very strong
[10:23]   Shai : should move back to 530 and 549 if that band holds
[10:23]   Amit J : thanks
[10:23]   Shai : if it breaks then 465/ 455
[10:24]   Shai : welcome
[10:24]   Shai : BNF negotiating yesterday’s sell zone
[10:25]   r m : @Rav, is PCR getting into dangerous zone here for bulls?
[10:25]   Shai : we can see that area around 19920 is less red now in the FP chart
[10:26]   Rav : very strong for bulls
[10:26]   r m : ok
[10:29]   Rav : SC happening upto 8700ce
[10:35]   Shai : Bth NF and BNF negotiating a bit of supply
[10:35]   Shai : But BNF more stronger here
[10:36]   Shai : good to test yesterday highs abv 19950 vah
[10:37]   Varun : booked profits on bnf shai call *slow claps*
[10:39]   Shai : yes 80%
[10:43]   Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/d7dd8d81-520e-4d0c-b858-c8acc4f75878
[10:44]   Rav : bn ce pe
[10:47]   r m : Thanks Rav
[10:47]   Rav : wc
[10:52]   Rav : 20000ce under SC
[10:54]   RK : Shai what’s your technical view about direction against both extreme scenarios from event
[10:54]   Shai : first look abv vah not getting sufficient buyers
[10:54]   RK : on downside we have 8543,8427
[10:54]   RK : upside?
[10:55]   Shai : RK only 1 positional up this month at 8825 spot
[10:56]   RK : ok..we are then so close to it
[10:56]   Shai : buyers coming to defend vwap
[10:57]   Varun : below vwap a fa chance ?
[10:57]   Shai : possible Varun
[10:58]   Varun : thn well have a fa at highs and lows of this rally
[11:22]   Shai : that FA has to go below 8752 to confirm for positional
[11:22]   Shai : auction centered now at vwap/dpc
[11:23]   Shai : No edge if taking new positions here
[12:10]   Shai : BNF back abv IBH
[12:10]   Shai : NF still hesistating
[12:12]   r m : 8800CE OI declining and 8800PE OI increasing
[12:15]   Rav : 8800CE Volume up due to buying and pe oi is increased due to writing
[12:16]   r m : ok, thanks
[12:20]   Amit J : shai any level for banknifty on downside for fa revisit in 5 days
[12:22]   Shai : No. No FA’s in BNF
[12:22]   Shai : 19749/ 19633 strong supp positional into next week
[12:23]   Amit J : srry anomalies
[12:23]   Shai : yes anomalies below 19749
[12:24]   Shai : should be a fast crrash of 110 points from 19749 to 19633
[12:27]   RK : Shai Relcap can short again here?
[12:33]   Shai : tes relcap weak below 473
[12:34]   RK : 460/458 and 442 are earlier supports given by you
[12:34]   Shai : This 465 is a high vol zone and price needs to move away from here strongly for direction
[12:34]   Shai : yes weak below 458
[12:34]   RK : thanks
[12:44]   Shai : another buying push to take out the highs
[12:44]   Shai : NF is determined upwards today
[12:44]   Rav : Shai..Is it feasible to make 1 min candle into 5 min candle?
[12:44]   Shai : 8760- 66 is seeing repated buying
[12:45]   Shai : 1 min candle?
[12:45]   Rav : 5 min candle
[12:45]   Shai : sorry- cannot get you?
[12:46]   Rav : can you make 1 min candle in the chart to 5 min time frame candle
[12:46]   Shai : the charts we have are 25ticks, 15 min and 30 min
[12:46]   Shai : which one?
[12:47]   Rav : extreme left side chart
[12:47]   Shai : that is 25 ticks collected
[12:48]   Shai : sure – can make it 5 mins also
[12:49]   Rav : if it is 5 min, viewing is easy and finding bottom and top is also easy
[12:50]   Shai : ok- data is the same in every TF
[12:50]   Shai : will modify on weekend
[12:50]   Rav : nf is almost horizontal in volume profile 5 min chart but in tick chart it appears like crash
[12:51]   Rav : Thanks for understanding and modifying
[12:51]   Shai : yes even bnf
[12:51]   Shai : pleasure 🙂
[12:53]   Shai : was planning to put footprint charts anyways next week
[12:54]   Shai : so we will do it in 5 min tf
[12:54]   Rav : feeling good
[13:09]   Mandar : Shai, any possiblity of infy testing 2250-2300 till expiry?
[13:15]   Shai : yes 2260 possible but sl will be at 2130 fr that on daily positional basis
[13:16]   Mandar : thanks Shai.
[13:18]   Mandar : what time is EU outcome expected?
[13:19]   Shai : today 7 pm
[13:19]   Amit J : post mkt around 6.30
[13:19]   Mandar : ok
[13:20]   Shai : yes 6.15 rate decision and 7 pm conference
[13:27]   RK : perfect time to launch or dump ES 🙂
[13:52]   Shai : spx cash abv 2028 troblles shorts
[13:52]   Shai : in es around 2018- 2020
[13:52]   Shai : can head back 2055 cash easily
[14:11]   Shai : vol increasing
[14:11]   Shai : entry into NF vah will be the first in many days
[14:11]   Shai : and can take it down to 8720 easily
[14:12]   Shai : trigger will be IBL
[14:15]   Varun : what is vah of nifty
[14:16]   Amit J : 8744
[14:19]   Rav : vah:val 8749.75 8728.60
[14:19]   Rav : yesterday
[14:25]   Varun : have buyers stepped in ?
[14:26]   Shai : yes
[14:28]   Shai : good to cross 8785 now
[14:28]   Varun : since ib low was touched , will it be a fa at high
[14:29]   Shai : No auction completed upwards as we probed again at 1.30
[14:30]   Varun : u mean single prints were replaced by double prints, finaishes fa set up
[14:30]   Varun : ?
[14:30]   Shai : yes
[14:31]   Varun : thnks shai
[14:31]   Varun : but this reaction in last 5 mins need to cross vwap for a further upmove
[14:31]   Varun : rite ?
[14:31]   Shai : abv vwap is day hgh
[14:32]   Shai : market advertsising for new buyers/ selelrs and not getting many
[14:32]   Shai : and hence exploring edges repetaedly
[14:32]   Varun : hmmm
[14:33]   Shai : first up, then down and most probably one more up
[14:33]   Varun : we have a big buyer stuck up at 74
[14:34]   Varun : 155
[14:34]   Shai : yes
[14:34]   Shai : dpoc
[14:49]   Shai : too balanced here to give a big move in next 40 mins
[14:50]   Shai : but things can change as it is ECB
[14:53]   Rav : Big move down or up
[14:54]   Shai : move down has to break vah
[14:54]   Shai : long bias continues abv prev vah
[14:55]   Shai : tells us buyers are pushing prices aggressively upwards
[14:55]   Varun : and the same reason early morning mrkt took support abv pva
[14:55]   Varun : cos it opend abv pva
[14:56]   Shai : also that 8720- 27 F was the bj of the rise and am not comfortable looking at shorts ill we crss below
[14:56]   Shai : Obj*
[14:57]   Shai : yes intra day we keep looking at opportunities but positional players know there is no short till price is abv prev day vah
[15:11]   Shai : OF is also flat going into the close
[15:13]   r m : bnf is inside day (so far)
[15:14]   RK : RM pls wait 🙂
[15:14]   r m : lol
[15:14]   RK : they are just back after lunch :))
[15:14]   Amit J : sharp fall in cac and dax
[15:14]   r m : ok
[15:15]   Rav : once sbi joins, 20000+
[15:15]   Amit J : 30 pt cac in few mins
[15:17]   Shai : day high bnf
[15:18]   Rav : sbi joined
[15:18]   RK : RM that 8750 buyer had early lunch seems..fat move 🙂
[15:19]   r m : yeah, he ate big meal 🙂
[15:19]   Rav : 20000 booked bnf and ce
[15:19]   r m : @Rav, congrats man, very good trade!
[15:20]   RK : for such a dax and cac quick drop, no reaction here and it exactly started upmove from there 🙂
[15:20]   Rav : 8700pe is there with nf
[15:21]   r m : @RK, if SAARC had a common currency then Nifty would also be in the dumps 🙂
[15:21]   RK : lol
[15:21]   Shai : watch delta of last 7-8 mins – will give idea of which side speculation is taking place
[15:22]   Rav : axis was keenly watched ..that pushed bnf
[15:22]   RK : watching Nifty Shai..almost flat
[15:22]   Rav : sbi is becoming o finally from –
[15:22]   Shai : so far selling not coming at highs
[15:23]   RK : Yes no offloading
[15:23]   Rav : spot 8785 assured
[15:24]   Shai : selers
[15:24]   Shai : sellers
[15:26]   r m : @RK, BNF still inside day – by 2 points 🙂
[15:26]   Shai : Nothing major
[15:27]   RK : RM 2 cents for bears 🙂
[15:27]   r m : lol
[15:27]   RK : that’s their hope till ECB conference starts :))
[15:27]   Shai : yes bear hoping on draghi
[15:28]   RK : Rav any spreads carrying?
[15:28]   Rav : 8700pe writers sold between 55-63
[15:28]   Shai : Draaghi is worried that if he does not deliver today he won’t ahve a chair
[15:28]   Rav : all closed
[15:28]   Rav : zero position
[15:28]   Shai : all in last 10 mins?
[15:29]   RK : LT and DRREDDY just booked
[15:29]   RK : clean slate over night 🙂
[15:29]   r m : all set for Draghi 🙂
[15:29]   RK : all set for good sleep RM :))
[15:29]   r m : yeah!
[15:30]   Shai : Nothing major in last 10 mins
[15:30]   RK : Draaghi and all survive Shai but traders go bust 🙂
[15:30]   Shai : Nobody at NSE has Draghi’s private number
[15:30]   RK : :))
[15:30]   Shai : But I tell you they were good with Ben
[15:31]   r m : @RK, but traders keep their chairs na! 🙂
[15:31]   Rav : 19925-20000 between last 5 candles
[15:31]   Shai : almost everytime NSE got Ben perfect
[15:31]   RK : Yeah Ben looked like our corporate CEO 🙂
[15:31]   Shai : Bye all
[15:31]   RK : RM yes only a chair indeed 🙂
[15:31]   Amit J : great bye
[15:31]   r m : lol
[15:31]   Shai : Enjoy the evening
[15:31]   Porus : bye
[15:31]   r m : Thanks and bye folks, have a great evening 🙂
[15:31]   RK : Yes Shai you too..thanks and bye
[15:31]   RK : bye all
[15:31]   Amit J : enjoy watching dragi