OrderFlow charts and Notes 23/02

[08:52]   r m : Good Morning folks!
[08:52]   r m : http://vtrender.com/levels-and-plan-for-23rd-feb/
[08:52]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-2002/
[08:52]   Porus : GM RM and all
[08:53]   r m : Hi Porus
[08:53]   r m : Nifty FEB Future KRA 8875 Hypo1 above 8888>8936➜8979 SL 8871 Hypo2 below 8870➜8844➜8802 SL 8899
[08:53]   r m : Banknifty FEB Future KRA 19066Hypo1 19066➜19205➜19380 SL 18985Hypo2 18920➜18812➜18555 SL 19067
[08:53]   r m : Weekly spot levelsNifty spot Support 8726-8750, strength above 8872, resistance 9035, 9142-9162
[08:54]   r m : Weekly spot levels Banknifty spot Support 18870, Resistance 19280, 19380
[08:58]   r m : Banknifty FEB Future KRA 19066 Hypo1 above 19066➜19205➜19380 SL 18985 Hypo2 below 18920➜18812➜18555 SL 19067
[08:58]   Shai : GM all
[08:58]   Rajiv : GM ALL
[09:04]   Sharad : GM all
[09:07]   Sumit : gm everyone
[09:11]   Tejpreet : Gm All.
[09:17]   RK : GM all
[09:21]   Shai : 8875 F fair value price of last week
[09:21]   Shai : was expecting close here last week
[09:22]   Shai : 8888 vah initial ref line
[09:22]   Shai : Open is value and range
[09:23]   Shai : in**
[09:25]   Shai : BNF was a spike down from 19252 to 19050 in last hour of friday
[09:25]   Shai : holding 19205 is positive but has to cross 19255
[09:25]   Shai : tgt will be 19350/ 380
[09:26]   Shai : weak below 19160 again
[09:27]   Rajiv : sir your view on sbi
[09:30]   Shai : has to cross 308 for strength, will get weaker below 298
[09:31]   Shai : move below 292 is a fast drop to 280/ 273
[09:36]   Shai : NF and BNF both rotational here
[09:36]   Shai : No directional bias for intra yet
[09:37]   Rajiv : sir, sell call in nifty activate below 8870 or wait for your signal
[09:37]   Tejpreet : Shai your views on initiating positional long in Idea.
[09:39]   Shai : Rajiv wait
[09:40]   Vishal : shai view on idfc and dish tv
[09:41]   Shai : idea saw huge volumes at 158 last week
[09:41]   Shai : I will be more comfrtable with positional longs if looking to close abv 158 on any afternoon this week
[09:42]   Shai : support at 147 ad 142 can be used to build though on a LT basis
[09:43]   Tejpreet : Ok got it play in options till 158 and on close above 158 positional future long.Thanks.
[09:43]   Rajiv : ok, thanks. because i have no idea when to enter in a trade. so plz. suggest me when to enter a trade.
[09:46]   Shai : idfc broad 177 163 range : break of either 172.4 or 168.6 can be used to go to either one target
[09:47]   Vishal : ok shai
[09:47]   Vishal : thanks
[09:47]   Rav : 19300CE under SC !!!! may hit 19300
[09:47]   Shai : dishtv seeing profit booking from 82
[09:48]   Shai : 76.4 is support this week
[09:48]   Shai : a close abv 80.22 should mean new highs
[09:50]   Vishal : okie shai
[09:51]   Shai : Rajiv as a rule follow the hypo levels for entry and exits mechanically
[09:51]   Shai : Today’s open being a Monday does not have a bias and hence suggested wait
[09:52]   Shai : (09:36) Shai :No directional bias for intra yet
[09:53]   Tejpreet : @ Rav can you mail tht option excel sheet …[email protected].
[09:57]   Rajiv : sir,i want to know that when a buy or sell call activate. are you recommend on that or not.
[09:57]   Rav : It is under latest excel conversion process by Team.Will update once ready
[09:58]   r m : big fight at 8869
[09:58]   Tejpreet : sure.
[10:00]   Shai : sellers
[10:00]   Shai : in NF
[10:04]   r m : no impact on vwap band
[10:07]   Tejpreet : Moderators is it possible to have white box on left hand corner of charts with some crucial values which you feel are most important like vwap poc or anything else, so when charts are zoomed or move fast we can always have the values on screen
[10:08]   Shai : which white box?
[10:09]   Shai : NF now short for 8844/ 8802
[10:09]   Tejpreet : no box as of now but asking if you can create one.
[10:09]   Shai : Yes can be done Tejpreet- will do so in top left corner
[10:10]   Tejpreet : Great you can decide some critical values always needed and post in the box.
[10:10]   Shai : thurs fri buyers were at 8844
[10:11]   Rajiv : sl for nifty short
[10:11]   Kris : @Shai – one dip below IB low between 10.15 and 10.40, to scare them – and go up! 🙂
[10:11]   Kris : GOod morning all 🙂
[10:11]   r m : Hi Kris 🙂
[10:12]   Kris : Hi RM 🙂
[10:12]   r m : @Kris, you posted that bear poised for a nice catch, I thought that was a symbolic post 🙂
[10:12]   Rahul G : Good morning kris
[10:12]   Kris : GM Rahul
[10:12]   Kris : @Rm – yes – expecting some big move this week
[10:13]   r m : ok
[10:13]   Kris : looks outlandish – but – 8200 by next week 🙂
[10:13]   r m : 🙂
[10:14]   Kris : But timing it is critical – should be very difficult
[10:14]   Tejpreet : Even I am bearish post budget but looking at 8400.
[10:14]   r m : yes, if it has to go there, it will first take out stops of all shorts
[10:14]   Kris : option premiums are at highs now – so, not possible to buy PE and stay
[10:15]   Kris : First step should be break IB low in the next 30 minutes, close at highs today 🙂
[10:15]   r m : ok 🙂
[10:16]   Kris : @Shai – any Greece news scheduled for this week?
[10:17]   Kris : @Rm – The mauritius guys want to prove that budget is a disappointment – and – want to put additional pressure on Govt – overheard Shai speaking with them 🙂
[10:17]   Rav : 19300ce still under SC
[10:17]   r m : you got taps on all their lines? 😀
[10:17]   Kris : no – I have only one – on Shai’s line 🙂
[10:17]   Sharad : Kris today is major news for Greece
[10:18]   Kris : @Sharad – so – not a bad idea to carry some PE:)
[10:19]   Sharad : http://www.bbc.com/news/world-europe-31564846
[10:19]   Sharad : yes should buy
[10:20]   Rav : Greece will be removed from EU eventually
[10:20]   Sharad : in a day or two possible
[10:21]   Sharad : today greece will put reform lists
[10:21]   Sharad : which will not be accpted at all hence friday deal will be cancelled
[10:23]   r m : Sharad has disclosed the suspense of this thriller, no point in buying ticket for the movie now 🙂
[10:23]   Sharad : RM if this is real suspense buy multiple tickets (puts)
[10:23]   r m : lol
[10:25]   r m : Kris has already bought one – https://twitter.com/cvkmohan/status/569698890015879170
[10:25]   r m : 🙂
[10:26]   Sharad : wow kris is much advanced then everyone
[10:28]   r m : He is a chess player na! Has to be many moves ahead of competitors 🙂
[10:28]   Sharad : very very true
[10:39]   Rav : 19207-19226 second buy zone
[10:49]   Kris : What was the time when we IB low is printed? the 3226X4700 footprint one?
[10:51]   r m : around 10:10
[10:51]   Kris : so it does qualify? 🙂
[10:51]   r m : yes 🙂
[10:58]   Kris : alright – got in!
[10:58]   Kris : 19120 and 50 in 8900CE 🙂
[11:00]   Rav : Krish bought or..
[11:00]   Kris : yes – bought.
[11:01]   Tejpreet : in Bn 1900 call at 300
[11:01]   Tejpreet : 19000
[11:02]   Kris : Hope Shai gives his 19385 today 🙂
[11:02]   Tejpreet : Am looking for his first lvl 19255 .
[11:06]   Rav : Saturday 28th is Full Trading day
[11:07]   Rav : March rollover in NF seen at 60%+
[11:19]   Shai : One large buyer at 19112
[11:24]   Tejpreet : BN future premium almost zero now.
[11:24]   Kris : hmm.. IB break came late by 30 minutes from expected time.
[11:25]   Kris : need to see how it works.
[11:27]   Shai : 19050 sl if long BNF
[11:28]   Shai : hypo 1 in play in BNF
[11:28]   Shai : can add abv IBL
[11:32]   Amit J : shai fa if high tested again?
[11:37]   Shai : yes
[11:37]   Shai : NF held firmly at 8844 from 3 sessions now
[11:37]   Shai : oly see buyers here in past 3
[11:38]   Shai : BNF also showed buyers at VAL
[11:40]   RK : Shai any obj projection for TCS..it’s clearing highs
[11:41]   Shai : BNF 19126 to 19160 vwap and 19165 to 19205 is a setup
[11:42]   Manoj : Shai, could you pls move down the BNF FP chart a bit lower….time frame on NF is not visible…
[11:44]   Shai : tcs 2715 ref line now for further moves
[11:45]   RK : thnaks
[11:45]   RK : thanks
[11:45]   Shai : Open drive so expected to do 2756 later today abv 2715
[11:45]   RK : great..thanks
[11:46]   Shai : Manoj Done
[11:46]   Tejpreet : Shai when you mention stock lvls it is always spot price.
[11:46]   Shai : yes stocks always cash
[11:47]   Shai : unless you want F
[11:47]   Shai : But I prefer to go with traded volumes n cash than fut
[11:47]   Tejpreet : Thanks .spot is ok.
[11:47]   Manoj : thanks Shai
[11:48]   Shai : the stock volumes are more correct, the future volumes get dictated by intra dayers a lot unlike the index
[11:49]   Shai : 8858 vwap is the seller as you can make out from the FP chart
[11:49]   Shai : should invite short covering to day high if crossed
[11:50]   Shai : 19152 also has significant sellers and buyers not comfrable till that is crossed
[11:59]   Rav : 8900ce writing on
[12:04]   Rav : NF LU and BNF LBU !!!
[12:06]   Rav : SBI AXIS HDFC BANK pulling down
[12:10]   Rav : 19121-19199 Writers area
[12:16]   Shai : BNF negotiating vwap
[12:55]   Shai : Nt big selling from 19180
[12:56]   Shai : IBLow should hold
[12:56]   Shai : 19120
[12:56]   Shai : you see that 19152 band is now net blue after that move abv vwap- (11:50) Shai :19152 also has significant sellers and buyers not comfrable till that is crossed
[12:57]   Tejpreet : Shai can you look at HinLev large volumes
[12:57]   Shai : sure
[12:59]   Shai : hll losing momentum below 901
[13:00]   Shai : likely to drop to 886/ 879
[13:00]   Shai : if 901 is crossed then 915 quickly and possibly 947 on short covering abv 915
[13:01]   Tejpreet : Thanks.
[13:09]   Shai : welcome:)
[13:09]   Shai : Most of the auction is in the spike of friday – that last 45 mins
[13:10]   Shai : in both NF and BNF
[13:10]   Shai : roational market
[13:10]   Shai : max benefit goes to writers
[13:15]   Rav : despite being in writers area,NF is SC BNF is LBU
[13:21]   Shai : too centered – high ecentage for another close at vwap if volumes do not rise in last hour
[13:24]   Rav : NF Mar LBU Feb SC….
[13:32]   Porus : DAX jumps at open
[13:34]   Shai : BNF up
[13:35]   Shai : looking for 235 to complete the IB band trdae abv vwap
[13:46]   Shai : exit BNF longs if any below 19103
[13:48]   Sharad : https://mninews.marketnews.com/mni/mainwirex_description.jsp?serverKey=1424677526750001&sessionId=5FBC52C7-3654-5E12-1EC9-466770E88FB9&[email protected]&sid=1
[13:55]   r m : beyond vwap band
[13:56]   Shai : big buyers now
[14:00]   Shai : could be stops triggered below 8844 abd algos buyers below
[14:00]   Shai : large volumes
[14:01]   Shai : if we don’t see 8816 again prop desks should have a high buy number today
[14:01]   Sharad : prop desks means
[14:02]   Sharad : FII ?
[14:04]   Shai : 4th category after reatil, fii and DII
[14:04]   Shai : retail*
[14:04]   Sharad : ok
[14:04]   Shai : NSE recognises only 4
[14:05]   r m : Proprietary traders are brokers trading on their own account
[14:05]   Sharad : ohh never thought of that
[14:06]   Manoj : someone like PitTrader..right?
[14:06]   Manoj : i think he has broking account
[14:06]   Rav : no brokerage for them. Mostly jobbing and bottom fishing
[14:06]   r m : in the order itself it is mentioned whether the order is from “CLI” o “PRO” category
[14:09]   Rav : 8760 is the support
[14:10]   r m : (08:53) r m:Weekly spot levelsNifty spot Support 8726-8750, strength above 8872, resistance 9035, 9142-9162
[14:11]   r m : spot on its way!
[14:12]   Sharad : what is happening? one way slide
[14:12]   r m : Kris effect 😀
[14:13]   Rav : LU in NF
[14:16]   Rav : 8760 is Feb series VWAP
[14:28]   Shai : 8802 F now res
[14:31]   Kris : Friends – you have been warned!! 🙂
[14:31]   Vishal : shai next support on future is ur anamoly level of 8726?
[14:33]   Shai : yes 8726 and 8696 below 8760
[14:33]   Shai : bull safe abv 8802 F
[14:33]   Shai : BNF still holding 2 day lows
[14:37]   Kris : Bought 8800CE Feb at 46-48 range.
[14:39]   Varun : kris whts the warning. cos just logged in ?
[14:39]   Shai : scratch that – seems to be errorneous
[14:40]   Rav : bought 8700pe
[14:40]   Varun : cos kris ib 10.15-1045 works quite good 😉
[14:40]   Amit J : looks like 8800 captured by bears for expiry
[14:41]   Kris : @Varun – I tweeted this in morning – https://twitter.com/cvkmohan/status/569698890015879170
[14:41]   Kris : Not many were prepared for what happened today – so – was self boasting 🙂
[14:41]   Varun : cool
[14:42]   Varun : u said something like todays fall on friday
[14:42]   Varun : wht happens on frida cont on monay in clearing week
[14:42]   Rav : Krish..you bought 8900ce and 19120 bnf
[14:42]   Varun : tweet not opening
[14:43]   Kris : @Rav – yes – exited part at vwap, when BN could not scale after 2 attempts – rest at 20 point loss.
[14:45]   Kris : @Shai – if I remember, you were saying above 8728 or so, we can still target 9K this expiry?
[14:45]   Shai : small problem with the volume at 8778. Have to check again at close
[14:46]   Shai : Not expiry, was a month end tgt or 1/ 2 sessions of Mar
[14:46]   Shai : Buyers now responding at lows
[14:46]   Kris : @Shai – if it has to happen – it should happen by Thurs 🙂
[14:48]   Shai : below 8760 may drop 40 points
[14:48]   Shai : all these buyers may be under stress
[14:49]   Shai : 8778 other number abv
[14:49]   Shai : 8755
[14:49]   Kris : @Rav – couple of things – I am/have been wrong many times – I play more by instinct – not much rationale – so, please dont give much attention to what I say.
[14:50]   Kris : It is more that I enjoy the room, and keep talking. If it is disturbing any one here – I do not mind being much quieter 🙂
[14:51]   Rav : Kris…I go by data and chart whatever be the outcome. 8700pe 32 became 42
[14:51]   Shai : close at the lows
[14:51]   Kris : nice – whatever I have seen in past few days, you take good trades!
[14:52]   Sharad : Yes overall ravi’s call are good on intraday basis
[14:53]   Varun : @kris uve noticed fri-mon to be same in clearing week
[14:54]   Varun : wht abt tue-wed aftr tht
[14:54]   Varun : any indications?
[14:55]   Kris : @Varun – we should expire at highs – let us see 🙂
[14:55]   Varun : *runs to cover shorts*
[14:55]   Varun : thnks
[14:56]   r m : @Kris, you suspect this decline meant for rolling over longs to March?
[14:57]   Kris : @Rm – am confused – expecting big fall next week – how much it will pop before – I dont know 🙁
[14:57]   r m : ok thanks
[14:57]   Kris : Shai wants 9300 or so –
[14:59]   r m : Shai wants in first few days of march, so that we small traders with 5 buck options are left out 😀
[15:00]   Amit J : sbi breaks 298
[15:02]   Shai : actually 9000 call was based on the volume reversal we saw the friday of 13th
[15:02]   r m : saturday market open, so optio premiums should peak on Friday close?
[15:02]   Shai : so we had to wait for another friday close for that to play , nothing to do with expiry
[15:02]   r m : ok
[15:04]   Shai : Mon close at the lows makes a good place to buy a call for wed/ thurs
[15:05]   Shai : sl is Mon lows
[15:05]   r m : Thanks
[15:05]   Shai : BNF if it protects the lows is a triple inside
[15:07]   Varun : wht happens after tripple inside ?
[15:07]   r m : kaboom on either side 🙂
[15:07]   Varun : we r closing outside value on downside
[15:08]   Varun : tripple inside means , closing within value for 3 days ?
[15:09]   r m : 3 days inside bar
[15:09]   r m : within range
[15:11]   r m : 18915-19450 was the range on 19th feb
[15:11]   r m : http://screencast.com/t/PeW9xPEJPcK
[15:12]   Varun : thnsk rm
[15:12]   r m : welcome
[15:12]   Varun : @shai did we get seeler intrst below val in nf and bnf
[15:13]   Varun : seller ”
[15:13]   r m : yeah, bnf too wants to go below
[15:14]   Shai : Yes but the fall was caused more by dip buyers at 8840 iquidating quickly
[15:14]   r m : ok
[15:16]   Shai : close at lows
[15:16]   Shai : 8726 wuld have been better today
[15:17]   r m : bnf breaks the low of 19th
[15:17]   Rav : 8800 pcr broke 1 and hence spot of 8722 is more likely
[15:18]   Shai : ok
[15:18]   Shai : premium non existent
[15:18]   Shai : goes with the naomaly
[15:19]   RK : BNS low of the range gone
[15:19]   Shai : vol at 8778 F is a hurdle for the bull tom
[15:24]   Shai : in terns of R/R that 8800 ce is a value buy here at 38 with a sl of 22 or 20 (50% ) potential reward is 140 points
[15:25]   Kris : @Rm – perhaps, for the first time, I made a decision that has master consent! 🙂
[15:25]   Kris : Hope it does not go wrong !
[15:26]   Rav : 8700 pcr is 2 . hence as shai said 8800ce is value buy now at 36
[15:27]   Rav : booked 8700pe at 45 and 80 lots of 8800ce at 35.20
[15:28]   Kris : Thanks Rav, gives comfort to know that you are on same side 🙂
[15:28]   Shai : 8778 and 8802 F only 2 hurdles on upside
[15:28]   Shai : abvove 8802 fast move to 8875 and 8930
[15:29]   Rav : max pain too at 8800
[15:29]   Shai : ok
[15:29]   Shai : Profile is an incomplete DD
[15:29]   Shai : so chances of styaing tom 8725- 8778 are also there
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : Bye all
[15:30]   Tejpreet : Bye All.
[15:30]   Shai : Have a nice evening
[15:30]   RK : thanks and bye all