OrderFlow charts and Notes 23/03

[08:50]   r m : Good Morning folks!
[08:50]   r m : http://vtrender.com/levels-and-plan-for-2303/
[08:50]   Porus : GM RM
[08:50]   r m : Hi Porus
[08:51]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-2003/
[08:51]   r m : Nifty MAR Future levels Key Ref Area 8640 DOWN Hypo1 below 8640➜8620➜8596➜8532 SL 8655 UP Hypo2 above 8655➜8674➜8705 SL 8632
[08:51]   r m : Banknifty MAR Future levels KRA 18780 UP Hypo1 above 18790➜18855➜18960 SL 18670 DOWN Hypo2 below 18640➜18592➜18522 SL 18740
[08:51]   r m : Nifty Spot Weekly levelsResistance – 8669/8722-8754Support – 8510/8473
[08:52]   r m : Banknifty Spot Weekly levelsResistance – 18920/19100/19204Support-18550/18392/18211
[08:54]   Sharad : GM all
[09:02]   Kathir : Good morning RM sharad and all friends 🙂
[09:02]   r m : Hi Kathir 🙂
[09:02]   r m : Welcome to expiry week 🙂
[09:03]   Kathir : lol let us see who’s expiry is
[09:03]   r m : 😀
[09:05]   Kathir : @sharad how abot your inr going
[09:06]   Shai : GM all
[09:08]   Sharad : 62.50 is here Kathir… but does not look like fall can arrested here
[09:08]   RK : GM all
[09:08]   Sharad : more pain and close around here then can go to 61/ 61.50 also.. No selling from my side
[09:09]   Kathir : ok
[09:09]   Sharad : i want to buy only ..will ask Shai what level in weekly is big support
[09:09]   Kathir : GM shai RK
[09:09]   Shai : I’m at desk but away from screen for 20 mins. will join up 9.30
[09:10]   RK : Hi KAthir
[09:10]   Amit J : gm
[09:13]   Kris : GM All 🙂
[09:13]   Kathir : welcome kris 🙂
[09:14]   r m : Hi Kris 🙂
[09:14]   Sachith : GM all
[09:14]   Kris : Hi Rm, Kathir 🙂
[09:14]   Sharad : Hi Kris
[09:16]   Kris : Hi Sharad
[09:28]   Kathir : @RM charts ok?
[09:29]   Kathir : now ok some problem here..
[09:29]   r m : yes
[09:37]   RK : Shai Sun tv 417 done and did exit..was little unsure as close was slightly above 426 on Friday but took a risk and carried it..thanks 🙂
[09:39]   Kathir : @RM already Maran’s are in trouble..RK putting more pressure on them 🙂
[09:42]   Shai : OPen in value and range
[09:42]   r m : 🙂
[09:42]   Shai : looks like a drive but does not have huge vlumes
[09:42]   RK : Kathir, they are never in trouble financially 🙂
[09:44]   r m : Nifty and Banknifty spot weekly levels updated in Stockslevels sheet
[09:44]   r m : @RK they have too much finance 🙂
[09:45]   RK : true RM
[09:48]   r m : BNF 18595 low – hypo2 level was 18592, millimetric precision!
[09:48]   Shai : Buyer at 595
[09:49]   RK : similar situation of 18640 on Friday..Hypo tgt and buyer there
[09:49]   Shai : BNF can do 18680 sl 18590 cmp 18630
[09:53]   Vinay : morning shai, friday i was discussing with you there’s a trade from 163 to 157 in dlf
[09:53]   Vinay : that objective has been met
[09:53]   Vinay : should i be booking here/
[09:53]   Vinay : ?
[09:53]   Shai : let me check the chart
[09:54]   Shai : tes can book
[09:54]   Shai : yes*
[09:54]   Vinay : ok thanks
[09:54]   Vinay : and if i were to trail
[09:54]   Shai : It’s an open drive so can short again at 160- 161
[09:54]   Vinay : whats a good SL trailiing
[09:54]   Vinay : ok
[09:54]   Shai : trail at 161
[09:56]   Shai : Updated the weekly view on the blog
[09:56]   Shai : Shorts would be looking at higher prices to short into expiry
[09:57]   Shai : intra day ref line in spot is a 30 min close at 8598
[09:57]   Shai : abv 8598
[09:58]   Shai : then we can see a move to 8635 spot
[09:58]   RK : with a stop around 8670S we can short at 8635s?
[10:00]   Shai : yes
[10:00]   Shai : 8684 better stop
[10:00]   RK : fine
[10:00]   Shai : 2nd opp to short is 8755 with 15 point stop
[10:01]   Shai : 18665 – bring sl to cost 18630
[10:02]   Shai : Looked like a drive but volumes were not good- Now looks rotational till afternoon
[10:03]   Shai : Tough call for our local boys on thursday- to trade expiry or watch cricket 🙂
[10:03]   RK : Shai your view on shorts for LIC and TCS here..
[10:03]   r m : 🙂
[10:03]   r m : they will prefer betting on cricket 🙂
[10:03]   RK : better trade so that we will get the win there..if all goes to watching match, it would be a bad result..school days sentiment 🙂
[10:03]   r m : 🙂
[10:04]   Amit J : shai any view on geometric
[10:05]   Shai : dlf look for 151.5 as price objective of the move – by close today or tom open
[10:07]   Shai : tcs is a good short ere at 2611 with 2574 as obj
[10:08]   Shai : recomemmed to add 50% here and 50% below 2599 when momentum down side will increase
[10:08]   Shai : 2574 obj
[10:09]   RK : thanks
[10:13]   Shai : LIC has come down a lot – see 438 showing supportive buying
[10:13]   Shai : should be weak below 462 all week
[10:15]   Shai : geometric good abv 174.7 and can tgt 184.5
[10:15]   Shai : will weaken below 174.7 anddrp t 170.8 again
[10:16]   Amit J : thank
[10:18]   Shai : welcome
[10:22]   RK : Thanks for LIC Shai
[10:22]   Kathir : @RK sorry was away for breakfast
[10:24]   Shai : auction trapped near vwap
[10:24]   Shai : edge to a new trade is gone
[10:25]   Shai : should be 8608- 8580 kind of range in NF
[10:25]   Shai : 18700- 18590 in BNF
[10:26]   Sharad : Shai can you give weekly support for USDINR
[10:27]   Kathir : @shai what SL for tcs short?
[10:34]   Shai : 62.28 and 61.98 supp
[10:34]   Sharad : ok fine
[10:34]   Sharad : Thanks
[10:34]   Shai : big move can happen when around 61.98 for MT trend
[10:35]   Shai : 60 or 64
[10:35]   Sharad : wow
[10:35]   Shai : sellers comig in BNF at VAL
[10:35]   Amit J : shai 184.5 book geometric or hold for higher tgt. i expect curcuit
[10:36]   Kathir : 10:27 Kathir : @shai what SL for tcs short?
[10:36]   Shai : 184.5 a good tgt
[10:37]   Shai : next round abv 184.5 only on vol increase then 192 tgt
[10:38]   Amit J : thanks
[10:39]   Shai : 2630 intra day sl tcs and 2638 on 30 min close for positionals
[10:39]   RK : Kathir am going with day high SL
[10:41]   Kathir : ok thanks
[10:52]   Shai : Sell BNF 18650- 18660 sl of 18695 tgt 18610
[11:25]   Varun : @shai whr is the lower vwap band
[11:25]   Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/b381d624-f473-44dc-9330-fa81ef31ad95
[11:26]   Shai : 18610 done- (10:52) Shai :Sell BNF 18650- 18660 sl of 18695 tgt 18610
[11:26]   Shai : 18583 lower band
[11:27]   r m : Thanks Rav
[11:27]   Rav : 8576
[11:29]   Varun : @shai whr is the lower vwap band of nifty
[11:29]   Rav : 8576
[11:29]   Varun : thanks
[11:44]   Shai : back to 1868 val
[11:44]   Shai : let’s see if the sellers come back for another short to 18610
[11:45]   Shai : 18680*
[11:46]   Shai : seller at 18690
[11:46]   Shai : sell below 18670 BNF again tgt 18625 sl of 18699
[11:48]   Shai : keep sl abv 18701
[11:49]   Shai : sl
[11:57]   Shai : has to break 670 VAL for it to move down
[11:57]   Shai : sellers are showing up again abv VAL
[11:58]   Shai : 80% rule in play abv VAL but is showing higher risk
[12:01]   Shai : poc to vah is a trade with sl of val if we sustain here
[12:01]   Shai : 18725 poc to 18660- 18680 sl of 18675
[12:02]   RK : 18760-780
[12:02]   Shai : but more likely this seller will drop it to 18620 again f VAL breaks
[12:02]   Shai : (12:01) Shai :18725 poc to 18760- 18780 sl of 18675
[12:02]   Shai : Thanks RK
[12:04]   RK : Friday was again a narrow range in both index..feel that we may have a false break out either at top or bottom and will have one good trade retracing entire move later in the day
[12:06]   Shai : lots of selling came on thurs near the 8688 mark
[12:06]   Shai : F
[12:10]   Shai : Thurs Volby Price : http://screencast.com/t/jw1oB3CDH
[12:12]   RK : 8632 and 8704 tough to cross
[12:12]   Shai : yes for the moment 8588 is showing some short closure
[12:26]   Amit J : century to sell cement business to ultratech – ET
[12:26]   r m : both owned by birlas?
[12:27]   Amit J : yes
[12:27]   Amit J : same group,
[12:27]   r m : Thanks
[12:27]   r m : book adjustment 🙂
[12:27]   RK : but ACC is raising for last 15 mins 🙂
[12:28]   r m : that is called “sympathetic vibration” 😀
[12:28]   Janak : narayan narayan
[12:28]   r m : Aaiye Prabhu 🙂
[12:28]   RK : RM sympathy about books of Ultra 🙂
[12:29]   r m : lol
[12:30]   Janak : vats! bn bahut hi aprasann dikh rahi hei – iski kya vajah ho sakti hei?
[12:36]   r m : She was missing you!
[12:41]   Rahul N : @shai whats the levels for axis and yes bank future?
[12:53]   Amit J : good buyers in banknifty at 620
[12:56]   Shai : axis bank weak below 564 and 568 poistional
[12:56]   Shai : likely to do 544- 545 F
[12:56]   Shai : short covering only if 573 crossed
[12:56]   Shai : all F levels
[12:57]   Shai : today’s profile is rotational – so no clear edge
[12:57]   Shai : for intra
[12:58]   Amit J : shai 65151×0
[12:58]   Amit J : what is that in bn at low
[12:58]   Shai : yes bank is drive down
[12:59]   Shai : 824 ad 808 obj of the drive
[12:59]   Shai : sl will be 848 till exiry
[13:00]   Shai : looks like some long sl got triggered at lows Amit
[13:00]   Amit J : ok now it is 32575×0
[13:00]   Shai : maybe of all those buyers btw 655- 610
[13:00]   Shai : yes no follow through so SL selling
[13:01]   RK : exactly half fig from 65151 – 32575
[13:01]   Shai : where you got 65151?
[13:02]   RK : that was the original fig we have seen there
[13:02]   r m : it transformed into 32575!
[13:02]   RK : then its showing 32575 now at bottom
[13:02]   Shai : yes
[13:02]   Shai : sl
[13:03]   RK : RM you wanted to reverse the buy and decided to only stop there 🙂
[13:03]   RK : test
[13:06]   Janak : anyone trading for hypo2? DOWN Hypo2 below 18640➜18592➜18522 SL 18740
[13:07]   Rav : YES
[13:07]   Janak : 522 shd come
[13:07]   Janak : 592 came twice
[13:07]   Rav : 19495
[13:08]   Rav : 18495
[13:08]   Janak : ?
[13:11]   r m : @RK, you would need a microscope to observe my orders 😀
[13:12]   r m : That must have been Janak, now he is clamoring for 522!
[13:12]   RK : 🙂
[13:13]   Sharad : BNf all 5 min candles buy delta and NF all red…
[13:13]   Sharad : who is right ?
[13:14]   Janak : pink of if not turned green – will prove NF right
[13:14]   Sharad : Janak both are pink
[13:14]   Janak : are bank stocks falling since morning?
[13:15]   Rav : hdfc bank LU BNF SBU
[13:16]   Rav : nf sbu
[13:18]   Janak : ?
[13:18]   Janak : what is sbu
[13:18]   Sharad : short built up
[13:18]   RK : Short bulidup
[13:18]   RK : *buildup
[13:18]   Janak : ok so mkt will fall now
[13:19]   RK : Rollover could also be there
[13:19]   Janak : that will make the fall easier – and it is falling from 19466 – so generally bn does 500/100 pts – so one can expect 18466
[13:21]   Shai : MO is down to -60 so possibility of bounce is there
[13:21]   Janak : ok
[13:21]   Shai : that is the only thing protecting bulls
[13:21]   Shai : worst case still is 8470 spot and then bounce
[13:21]   Shai : shorts will look to come back at higher prices
[13:22]   RK : and when the time is passing old shorts may try to book profits too
[13:23]   Janak : now both the delta +ve above 10k
[13:24]   Janak : but of still pink
[13:24]   Sharad : first green delta in NF
[13:25]   Sharad : Green OF banknifty
[13:25]   Janak : ok
[13:25]   Janak : i think 575 once more shd come
[13:26]   Shai : with sl of 18592 longs in BNF can tgt 18652/ 18680 cmp 18624
[13:30]   Janak : looks like values being created between 640 and 550 shai?
[13:33]   Janak : 592 sl chole jabe 🙁 ki korbo?
[13:34]   Shai : sl taken
[13:34]   Shai : noisy
[13:37]   Rav : 18560 covered
[13:42]   Varun : @shai is thr volume for vwap bands to stretch ?
[13:42]   Amit J : shai now such a huge buyers in bn
[13:42]   Shai : Amit rollovers
[13:43]   Amit J : ok. i was getting confused in it since morning
[13:43]   Shai : will just plot Apr fut in a min
[13:43]   Amit J : so its short roll?
[13:43]   Shai : yes
[13:49]   Rav : nf t 8745
[13:49]   Rav : 8545
[13:54]   Shai : some 1 is buying the mkt here
[13:54]   Shai : NF
[13:55]   Shai : 8560F
[13:56]   Shai : he will be safe abv 8566
[14:00]   Shai : 8585 obj
[14:09]   Shai : big sellers back in NF
[14:12]   Janak : a swipe below 500 poss inbn?
[14:15]   Shai : opossible
[14:15]   Shai : weak below 620 now
[14:15]   Janak : 466 is the no. i am waiting for – will complete 1000 pts fall in bn from last week
[14:15]   Shai : NF last buyer of 8558 holding up
[14:16]   Shai : belw that 8532 straight
[14:16]   Shai : 8532/ 8510
[14:24]   Shai : BN spot can do 18200
[14:25]   Shai : roughly 300 point downside being opened up
[14:25]   Shai : trade with an April 18000 pe
[14:25]   Amit J : sl?
[14:25]   Shai : valid ill clsoing below 18600
[14:26]   Shai : spot
[14:26]   Shai : 18498 now- if it closes abv 18600 today we will exit
[14:31]   Janak : 18600 res?
[14:32]   Rav : http://screencast.com/t/PFUOrx7Ax
[14:33]   r m : Thanks Rav
[14:34]   Rav : wc rm
[14:37]   Rav : bnf reversing
[14:38]   Rav : 18500 spot reversing
[14:42]   Janak : a touch of 18500 f will be good
[14:46]   Shai : more sellers- back from IBL
[14:48]   Shai : that 8556 buyer pushed it to vwap
[14:48]   Shai : But no extra buying done at vwap
[14:48]   Shai : hence 8556 will be tested now
[14:48]   Shai : if he breaks we drop quickly
[15:00]   r m : MO near -65
[15:08]   Amit J : geometric days high
[15:09]   r m : NTPC too
[15:12]   Shai : auction is not finsihed here
[15:13]   Shai : 50 point s of continuation is there below 8560 to 8510 or abv 8590 to 8640 Tom
[15:13]   Shai : buyer is coming to defend at 8560 in front month
[15:14]   Shai : vwaps of the current series are at 8755 and 19250 again
[15:15]   Shai : maybe a bounce of 200 points early april and then we take it from there
[15:17]   Shai : that put in BN is still good at this close
[15:17]   RK : seems current series buyers are rolling over now
[15:17]   Shai : look at 18380 F as supp tom
[15:17]   Amit J : shai above 193?
[15:17]   Amit J : geometric
[15:19]   Shai : 210 outside 183 supp tom
[15:19]   Shai : big burst of volume
[15:19]   Shai : weak below 183 tom
[15:19]   Amit J : superb move for me
[15:20]   Shai : nice. congrats
[15:20]   Shai : longs are not staying in NF
[15:20]   Shai : looks like a dip early morning tom
[15:20]   Rav : 18350 is clearly visible
[15:23]   Shai : for second staright month 19000 pe getting hit
[15:30]   Shai : 8570F close
[15:30]   Shai : Bye all
[15:30]   r m : Thanks and bye folks, have a great evening
[15:30]   Shai : Have a nice evening
[15:30]   RK : thanks and bye all
[15:30]   Sachith : bye all
[15:35]   Kathir : thanks and bye all
[15:35]   Kathir : @RM there?
[15:38]   Amit J : bye