OrderFlow charts and Notes 22/04

[08:32]   r m : Good Morning folks!
[08:32]   r m : http://vtrender.com/levels-and-plan-for-22nd-april/
[08:32]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-2104/
[08:33]   r m : Nifty APR Future levels Key Ref. Area 8434 Hypo1 above 8470➜8508-10➜8560 SL 8434 Hypo2 below 8434➜8370➜8348 SL 8471
[08:33]   Porus : GM RM and all
[08:33]   r m : Hi Porus
[08:33]   r m : Banknifty APR Future levels KRA 18185 Hypo1 below 18145➜18052➜17955 SL 18310 Hypo2 above 18355➜18410➜18475 SL 18269
[08:47]   Shai : GM all
[08:54]   r m : Results today – Yes Bank
[08:55]   r m : Results tomorrow – HDFC Bank,
[09:05]   Tejpreet : GM All
[09:07]   Ashish : Gm all
[09:07]   Sumit : GM everyone
[09:08]   RK : GM Shai,RM and all
[09:08]   r m : Hi RK
[09:13]   Vishal : GM All
[09:15]   Sharad : GM all
[09:16]   Amit J : shai century?
[09:19]   Shai : heading for 753 and 792 now
[09:20]   r m : @Shai, what is a good level to buy IDFC for long term?
[09:21]   Sharad : Shai can go for 80% above VAL in Nifty ?
[09:21]   Shai : yes 80% possible
[09:21]   Sharad : ok Thanks
[09:23]   Shai : idfc has good support aroun 160
[09:23]   r m : Thanks Shai
[09:23]   Shai : short term cross of 171 in stock is positive and can give new highs again
[09:23]   r m : ok, thanks
[09:24]   RK : as per yday FP, comfortable cleanrance of 8450 and 18300 only confirms that some sellers of yday is giving up
[09:24]   Vishal : @Shai levels for Mintree.. Long term perspective
[09:28]   Sumit : Shai, Yvwa @8445 is Yearly VWAP?
[09:29]   r m : yesterdays 🙂
[09:29]   r m : @Sumit, looks like you took a year’s break 🙂
[09:30]   r m : NF got some selling at yvwap
[09:33]   Shai : mind tree looks like it has hit a short term bottom
[09:33]   Shai : levels abv 1255 are 1286 supply and 1376 if that is taken out
[09:34]   Sharad : POC rejected us in nifty
[09:34]   Vishal : ok.. thnx
[09:36]   Sumit : 🙂 thanks rm
[09:36]   Sumit : busy with work 🙂
[09:36]   r m : welcome
[09:37]   Shai : per yesterday’s profile those last hour shorts can cover only f 8465 is taken out
[09:37]   r m : ok 🙂
[09:37]   Shai : 18350 seller in BNF 2 days now
[09:38]   r m : looks like FII used all their cash for the block deal yesterday!
[09:39]   r m : total net buy this year by FII 53331 cr, yesterday 17489 cr!
[09:43]   RK : that is due to Sun pharma deal RM
[09:43]   r m : yes RK
[09:43]   RK : one deal equals 1/4th of total 🙂
[09:43]   RK : oh 1/3rd
[09:44]   r m : first they sold pharma sector and bought the prices down!
[09:44]   RK : then we had a mad rush in all pharma scrips quickly
[09:44]   RK : now offloading
[09:50]   r m : yo-yo, see-saw are all good games for traders 🙂
[09:51]   RK : true..everything is fine except grinding and eating stops 🙂
[09:53]   Shai : yesterday we traded majorly 8830- 8880 with a sell off at lows
[09:54]   Shai : that 2.30 player who used to buy previously is now coming and selling in last hour
[09:54]   Shai : when that changed the trend of the market also changed
[09:55]   Shai : BNF still inside
[09:56]   Sharad : Shai i think today this pattern should change…as buying can be seen intraday and received whats app forward…today some conferance call @ 2 pm for MAT with Finance ministry
[09:56]   Shai : ok
[09:57]   Sharad : don’t know true or false
[09:57]   Vivek K : PWC is hosting conference, it is true
[09:57]   Amit J : yes
[09:58]   Vivek K : nifty hourly has textbook divergence, but as admin said, 8460 needs to be taken out for reversal
[10:01]   Amit J : we have not completed hour yet
[10:01]   Vivek K : divergence apperead yesterday itself on close
[10:02]   Vivek K : i could be wrong so pls check
[10:02]   Amit J : no it didnt. we closed below IB
[10:03]   Amit J : are you talking about oscillator divergence?
[10:03]   Vivek K : i refering to rsi. yes. sorry for confusion
[10:04]   Amit J : sorry. i thought you talked on this chart
[10:10]   Tejpreet : Shai how is lupin looking now hovering around 1750 …yesterday dipped to 1725 but recovered …can we go long now.
[10:18]   Shai : Lupin is not going to give a V shaped recovery- it’s typical to stay around the lows for a while before pullback
[10:18]   Shai : we have to guard against a further fall and hence the sl
[10:19]   Shai : but it is a longer trem positional play
[10:20]   Tejpreet : Oh ok….no long term for me.ThanksMaybe can dabble in 1800 option call.
[10:43]   Sumit : what is pdl value for NF?
[10:49]   r m : 8376
[10:49]   Sumit : thanks rm
[10:49]   r m : welcome
[10:58]   Amit J : FA possible in both
[10:59]   Sharad : NO FA … spent more than 30 minutes below IB
[11:03]   r m : F & G print below IBL in NF http://screencast.com/t/hgxabDiQE
[11:05]   r m : same in BNF too http://screencast.com/t/e0zUPxqFNug
[11:05]   Sharad : so no FA right ?
[11:06]   r m : yes
[11:06]   Sharad : ok Thanks RM
[11:06]   r m : welcome
[11:07]   Vivek K : view on tatamotors and dvr pls mr.shai
[11:07]   Vivek K : on positional side
[11:07]   RK : Shai any potential trade for shorts in Tata motors..
[11:07]   Tejpreet : Shai views on hero moto stuck in longs at 2410 F …now at 2380 exit or hold.
[11:08]   r m : (*** Private to Vivek K) @Vivek, Shai is away for some time
[11:08]   RK : vivek..timing 🙂
[11:08]   r m : (*** Private to RK ) @RK, Shai is away for some time 🙂
[11:08]   Vivek K : 🙂
[11:09]   r m : (*** Private to Tejpreet ) Shai will be back after some time
[11:16]   Hemant : Shai sir, GM. Is it ok to play for 8350 spot?
[11:18]   r m : (*** Private to Hemant ) @Hemant, Shai is away for some time
[11:27]   r m : NF back to test KRA
[12:29]   Amit J : yes bank short?
[12:31]   r m : it is trying to stay below KRA
[12:32]   Tejpreet : Yes bank results appear in line.
[12:32]   r m : oops, my comment was for BNF
[12:37]   Amit J : it fell due to qip news
[13:26]   Amit J : hi
[13:26]   Amit J : any view on this buyers
[13:28]   r m : 8370/18052 ref levels in hypo
[13:28]   Shai : back- had to step out midway
[13:29]   Sharad : Shai when this fall will stop ?
[13:29]   Sharad : can’t trade only
[13:30]   Shai : 8320- 8340 projected supp on spot
[13:30]   Sharad : still more to go
[13:31]   Porus : Shai, bnf target remains 17955?
[13:32]   Shai : tata motors weak below 525
[13:32]   Shai : can tgt 501 but risk reward not great
[13:32]   Shai : shorts would keep sl just abv 526
[13:32]   RK : thankks Shai
[13:33]   Shai : BNF 1st tgt 17955 yes
[13:34]   Tejpreet : ns 8328 done
[13:35]   Shai : Hero good abv 2350 today may attempt 2407/ 2425
[13:36]   Tejpreet : Thanks …bokked loss at 2392 …too much volatility in market better to book small loss.
[13:38]   Amit J : shai nifty view here
[13:39]   Shai : watching 8320 spot
[13:40]   Shai : failure there is a quick 50 point drop to 8268
[13:40]   Shai : but we should be seeing a bottom here on current v0lumes
[13:43]   Shai : prem 15
[13:44]   Amit J : shai can you refresh chart
[13:45]   Shai : No buyers yet
[13:48]   Amit J : your level gone and no buyers yet
[13:49]   Shai : no buyers
[13:50]   Shai : what time is the con call?
[13:50]   Vivek K : 2 pm hope it is not a ‘CON’call
[13:51]   Shai : 🙂
[13:51]   Amit J : fell is due to monsoon forcast
[13:51]   Amit J : 8268 coming
[13:54]   Hemant : Shai sir, still holding some puts, should exit them around 8260 lvls spot?
[13:57]   Shai : 8326 F a buyer
[13:57]   Shai : 8316**
[13:57]   Amit J : can you plz refresh
[13:58]   Shai : buyers cming in small qty
[14:02]   Tejpreet : How are volumes today …lok low cmpared to average.
[14:03]   Shai : have picked up past 30 mins
[14:04]   Amit J : that call is true. i just logged in
[14:04]   Tejpreet : Is it time to pick up 8300 call at 97 or wait.
[14:05]   Shai : can pick up sl below 8256 spot
[14:05]   Amit J : are buyers responding?
[14:06]   Tejpreet : Ok …..Sl trigerred in last 4 long trades …this one could e the good one 🙂
[14:09]   Shai : buyers still tentative but seller stopped pushing
[14:09]   Shai : 8356 is the big seller
[14:14]   Shai : buyers
[14:14]   Shai : 8316- 8320 has seen interest
[14:15]   Shai : has to cross 8330 spot then run up is to 8399 spot
[14:26]   Shai : need more of that 100000 greens in Nifty F now
[14:27]   Shai : seeller overhead at 8356 strong
[14:27]   Amit J : very positive comment i feel,
[14:27]   Shai : ?
[14:27]   Shai : You are in the con call?
[14:27]   Amit J : concall. \
[14:28]   Amit J : treaty benefit willl be given so that reduces ambuguity
[14:28]   Amit J : *ambiguity
[14:28]   Shai : how?
[14:28]   Ashish : Shai, abirla nuvo can be bought here?
[14:29]   Amit J : countries with non treaty will have to pay MAT
[14:30]   Shai : that’s goo
[14:30]   Shai : good*
[14:30]   Amit J : how are buyers after that comment?
[14:30]   Amit J : that comment is enough i think for buyers to come
[14:31]   Shai : yes buyers already
[14:31]   Shai : Thanks for the update Amit
[14:31]   Ashish : Thanks amit
[14:31]   Hemant : Shai 8356 seller taken out ?
[14:31]   Tejpreet : Tthanks Amit for updating us ….
[14:32]   Shai : looks like cover orders were placed 8338
[14:32]   Hemant : Spot over 8330 too 🙂
[14:34]   Shai : Buy NF tgt 8417
[14:35]   Shai : see the greens now
[14:35]   Shai : 🙂
[14:35]   Tejpreet : (14:04) Tejpreet :Is it time to pick up 8300 call at 97 or wait.
[14:35]   Tejpreet : Finally a call gets going
[14:37]   r m : just in time 🙂
[14:37]   Shai : 8400 second seller of the morning
[14:38]   Shai : a third one at 8417
[14:38]   Shai : have to take out all 3 for a reversal
[14:39]   Shai : 8338 F now supp if long and will have sl 5 pint below it
[14:39]   Shai : see this going to 8417/ 8430
[14:41]   Shai : closes abv 8446 F then big move coming tom to chase out the other sellers from Mon
[14:41]   Shai : 8394 spot
[14:42]   Tejpreet : booked half at 164 corresponding to 8430
[14:42]   Hemant : One of the best trading experience 🙂 Thank you sir Shai!
[14:42]   Amit J : hope u enjoued
[14:42]   Hemant : Milked it both ways
[14:42]   Amit J : shai pl tell when to cover
[14:42]   Shai : Great Amit
[14:43]   Shai : cover here
[14:43]   Shai : put new buys over 8450 F- play it safe
[14:43]   Shai : all day sellers gone
[14:43]   Shai : now yesterday last hour and Mon sellers remain at 8460 F plus
[14:44]   Shai : if we close abv 8446 then they can be squeezed else they will be comfy
[14:44]   Shai : positional spot player will carry lngs abv 8434 spot close
[14:46]   r m : @Amit, now i understand what is meant by “an ear to the ground” 🙂
[14:46]   Tejpreet : 🙂
[14:46]   Amit J : 🙂
[14:46]   Shai : That was a nice break Amit . Good 1
[14:47]   Amit J : short squeeze short come. they are quite clear in the matter
[14:47]   Amit J : shai m&m view for buy
[14:47]   Shai : so except mauriuis and singapore every1 else pays
[14:48]   Shai : but they all operate from there – so govt does not get anything 🙂
[14:48]   Amit J : no out 99 % fii are via treaty
[14:48]   Porus : Treaties are in place with most countries. The terms of each have to be examined.
[14:49]   Shai : MnM cross of 1221 can tgt 1238/ 1264 immedaitely
[14:50]   Porus : I suspect that the newer tax havens will fall in this net.
[14:51]   Shai : greens very large now 🙂
[14:52]   Shai : at 8316 – only 1 came out of the hole 🙂
[14:52]   Hemant : safe to pick calls now ?
[14:53]   Shai : calls over 8446 close
[14:53]   Hemant : Got it 🙂
[14:53]   Shai : 8450 F intra
[14:54]   Amit J : shai what is the probability for mkt will not break 8200 spot
[14:56]   Tejpreet : Global markets weak …greece fear is there …positional longs not safe ..better to play ID and close out position before close.
[14:58]   Shai : (14:44) Shai :if we close abv 8446 then they can be squeezed else they will be comfy
[14:59]   Shai : Amit seller still in control till we do not cross 8432- 8464 spot
[15:00]   Shai : today’s profile shows good volume buying but seller has been at it since last wed
[15:01]   Shai : at 14.75 L volume yesterday sellers not quite out
[15:02]   Ashish : Shai, abirla nuvo levels please
[15:03]   Shai : oh sorry . will update
[15:04]   Amit J : ABnuvo good buy positionally. if shai also confirms
[15:04]   Shai : looks good and bottom in
[15:04]   Shai : buying seen
[15:04]   Shai : 1664 and 1689 imm tgts
[15:05]   Ashish : Thanks Shai and amit
[15:05]   Shai : use recent lows as sl
[15:05]   Shai : good buying base forming there
[15:05]   Amit J : century tex, ab nuvo and century enka. all same group cos and restructuring going on
[15:05]   Shai : 8456
[15:06]   Shai : ok
[15:10]   Shai : still greens
[15:10]   Hemant : Still not safe to buy calls
[15:10]   Hemant : ?
[15:10]   Shai : so short squeeze all the way
[15:10]   Shai : buy
[15:11]   Shai : sl of 8407 tom tgt of the move is 8540 / 8560 to begin with
[15:14]   Hemant : Great!
[15:15]   RK : this is massive!
[15:16]   Tejpreet : With todays volume of 16.8 sellers are out for sure.
[15:17]   Shai : yes
[15:17]   Shai : good buy orders from 8338 F
[15:18]   Shai : (09:54) Shai :that 2.30 player who used to buy previously is now coming and selling in last hour.(09:54) Shai :when that changed the trend of the market also changed
[15:18]   Shai : Now back to buy 🙂
[15:20]   Shai : intra day profit booking
[15:20]   Shai : red has come after a while
[15:21]   Amit J : neutral extreme
[15:22]   Shai : one dip pending tom 8446/ 8430 F
[15:22]   Shai : these buyers have to come back when that happens
[15:25]   Shai : close is good but need immediate conviction tom at open as well
[15:25]   Shai : Buyers cab’t rest on work of one hour
[15:26]   Tejpreet : M&M spot dipping after 1221 ..long now or wait for morning action.
[15:27]   Shai : buy abv 1224 tom tgt 1265 in 1-2 sessions
[15:28]   Shai : very easy move if that gets taken down
[15:28]   Shai : NF higher levels of supply – http://screencast.com/t/V4gR11lcla22
[15:28]   Tejpreet : Thanks.
[15:30]   RK : thanks and bye all
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:31]   Tejpreet : Bye All.
[15:31]   Ashish : Thanks everyone and have a good evening
[15:31]   Hemant : Ty Shai sir
[15:31]   Shai : Bye all
[15:31]   Shai : Have a nice evening
[15:31]   Hemant : Going to do some buying on dips if it works out well
[15:33]   Vishal : Bye All
[15:35]   Porus : bya all
[15:36]   Hemant : See you folks 🙂 Thanks again
[15:39]   Hemant : Shai sir, last query for the day, why does the market in a way adjust itselft between 3:30 – 3:31?
[15:43]   Hemant : Have a great day ahead, will inquire tomorrow 🙂