OrderFlow charts and Notes 24/03

[08:41]   r m : Good Morning folks!
[08:41]   r m : http://vtrender.com/levels-and-plan-for-24th-march/
[08:41]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-2303/
[08:41]   r m : Nifty MAR Future levels Key Reference Area 8552 Hypo1 below 8552➜8510➜8480 SL 8585 Hypo2 above 8596➜8624➜8640 SL 8552
[08:41]   Kathir : GM RM
[08:42]   r m : Hi Kathir
[08:44]   r m : Nifty MAR Future levels Key Reference Area 8552 Hypo1 below 8552➜8510➜8480 SL 8585 Hypo2 above 8596➜8624➜8640 SL 8552
[08:44]   r m : Banknifty MAR Future levels KRA 18610 Hypo1 below 18530➜18385➜18220 SL 18670 Hypo2 above 18670➜18750➜18852 SL 18610
[08:55]   Amit J : TechM, HCL eye $350m stake in Geometric
[08:58]   r m : @Amit, you pre-empted them 🙂
[08:59]   Amit J : 🙂
[09:00]   Porus : GM all
[09:06]   Amit J : NTPC will be in focus today
[09:06]   Sharad : GM all
[09:08]   Kathir : GM RM and all friends
[09:08]   r m : Hi Kathir
[09:10]   Shai : GM all
[09:12]   Rav : ntpc was a sc stock yeaterday. last week it was much hyped and after long, it went into the well. now come up.
[09:12]   Kathir : GM Shai
[09:13]   Rav : NTPC:Above 150.7 T 151.90 153.75 SL 147.50
[09:13]   Rav : CASH
[09:15]   Sachith : GM all
[09:18]   Kris : GM All:)
[09:18]   r m : Hi Kris 🙂
[09:18]   Kathir : hi KRIS
[09:19]   Kris : Hi RM, Kathir 🙂
[09:25]   Shai : Looks like an open drive
[09:25]   Amit J : i have overnight short should i exit
[09:25]   Shai : sl of 8585
[09:26]   Shai : 18530/ 18555 res
[09:26]   Shai : Buyers at open
[09:30]   Shai : Sellers coming at 8585/ 18530
[09:33]   Amit J : shai 80% rule?
[09:33]   Shai : yes possible
[09:34]   Shai : but safer abv 8585
[09:34]   Shai : 8568/ 18480 vwaps – more important cos of the drive
[09:35]   Shai : if vwaps fail on drive then straight day lows again
[09:43]   RK : TATA MOTORS closed below 553 spot yesterday and breaking lows at open
[09:45]   Nilesh : bank showing sign of recovery
[09:47]   Shai : Buy NF abv 8596 sl of 8579 tgt 8626/ 40
[09:49]   r m : Tata Motors seems to be going towards 543-541 http://screencast.com/t/cDlAhho8e0
[09:50]   RK : one long leg pending and dont know when..Shai too confirmed break of 553-567 range for 28 points leg..huge drawdown there..lets see 🙂
[09:50]   r m : ok
[09:53]   Shai : Buy BNF abv 18601 only sl of 18550 tgt 18650/ 18710
[09:53]   Amit J : shai any view on adani power
[09:53]   Amit J : for long
[09:56]   Shai : adani long abv 47.8 only can give 48.9/49.75
[09:57]   Shai : triple inside break higher better abv 47.8
[10:02]   Shai : 80% active in NF
[10:03]   Amit J : 2.2L seller
[10:05]   Shai : yes lots of selling
[10:05]   Shai : we have to pull out of longs if does not cross 8606
[10:06]   RK : HDFC and LT doing good
[10:06]   Shai : yes cash buying
[10:06]   RK : especially HDFC not shakened a lot in this fall
[10:06]   Shai : cash buyers at open
[10:07]   Shai : could be basket orders
[10:08]   Shai : Exit the NF long orders at cost
[10:13]   Shai : qute a clash there
[10:13]   Shai : could be expiry players moving
[10:13]   Shai : these kind of days have proven to be volatile in the past
[10:13]   Shai : expect a choppy range today
[10:14]   Shai : best to cut down on size and trade less today
[10:15]   Janak : looks like a trend day up shai
[10:15]   Shai : yes opend drive up but meeting sellers and not yet abv vah in 1st hour
[10:15]   Shai : I like a trend day to take out VAH in IB
[10:16]   Shai : vwap protection now for morning buyers
[10:16]   Shai : below vwap is a clean short
[10:18]   Varun : @shai whrs the upper wvap banf
[10:19]   Varun : @shai whrs the upper wvap bandi n nf
[10:19]   r m : should be near 8620
[10:23]   Janak : nf is strong
[10:41]   Shai : BNF below vwap of teh open drive
[10:41]   Shai : vwap upper at 8619
[10:41]   Shai : 8539 below
[10:44]   r m : (09:13) Rav :NTPC:Above 150.7 T 151.90 153.75 SL 147.50 reached target 1
[10:49]   Shai : back in yesterday’s profile
[10:50]   Shai : Move down has been negated but the open drive up is holding vwap but below vah yet
[10:51]   Amit J : above vah trending ?
[10:51]   Shai : as long as we trae abv 8578 we go up to 8620
[10:51]   Shai : trade*
[10:51]   Shai : shorts below 8578 only today in NF
[10:52]   Rav : rm…NTPC….http://screencast.com/t/bIlP3if12
[10:52]   r m : Thank Rav, that is an escalator 🙂
[10:55]   Rav : wc
[10:56]   Rav : staircase to safely climb
[10:56]   r m : 🙂
[10:56]   Shai : If you are watching FP chart, please watch NF Mar+ Apr together
[10:57]   Shai : lots of rollovers now
[10:57]   Shai : 8666 April F big buyer
[10:58]   Rav : almost 24 lacs rolled over
[10:58]   Kathir : @Rav rollover short side or long?
[10:59]   Rav : for each lot,there is a buy and sell order. as premium is more in apr, we can safely assume that it is short rollover
[10:59]   Kathir : ok
[11:05]   Shai : Buy NF abv 8610 again sl of 8594 tgt 8625/ 8640
[11:05]   Shai : we see if we get a trend day now out of this
[11:05]   Shai : larger view is no short till 8578 breaks
[11:07]   Shai : If BNF sustains 18630/ 18650 we play for 18755/ 18860 today
[11:07]   Shai : but clearl weaker of the two below 18555 now
[11:09]   Rav : Change in OI 18500 ce: pe 77475: 76875
[11:10]   Rav : sbi bnf SBU
[11:29]   Shai : auction still pushing up
[11:29]   Shai : 8590 is the only buyer below
[11:29]   Shai : 8664 april
[11:30]   RK : many stocks off from highs but NF trades at high
[11:32]   Shai : BNF much away too
[11:33]   RK : here comes baskets
[11:33]   Shai : 8625
[11:34]   Shai : 8625 sl of 8599 now: (11:05) Shai :Buy NF abv 8610 again sl of 8594 tgt 8625/ 8640
[11:39]   Shai : IBH sl
[11:43]   Kathir : NZ need 282 to win from 43 overs
[11:44]   r m : yeah, they seem very chummy with Lord Indra 🙂
[11:44]   RK : no tgt will be more due to DL
[11:45]   RK : they will choke today and SA will win here to meet us in Final 🙂
[11:46]   r m : 🙂
[11:46]   r m : DL will apply only if NZ does not get 43 overs to play
[11:47]   Kathir : 🙂 normally SA looses matches because od DL guy
[11:47]   RK : I dont think so RM..Since play has been reduced in the mid of the innings for SA, obviously NZ has to get more target
[11:47]   Kathir : esp important matches
[11:47]   r m : @RK, OK
[11:47]   Kathir : ok
[11:48]   Kathir : they will calculate the run rate PP and give bonus i guess
[11:48]   r m : @Kathir, SA must have persecuted the poor chap, he is taking a recurring revenge 🙂
[11:48]   RK : NZ need 298 in 43 overs at 6.93 RPO as per cricbuzz
[11:49]   r m : ok
[11:55]   r m : I don’t remember seeing such a huge negative delta in NF
[11:57]   Amit J : shai your view on 9000 apr call?
[11:59]   Kathir : @RM even in apr delta is more negative only
[12:01]   Shai : Amit April is not clear till 8800 is taken out
[12:01]   Shai : sell on rise till 8760 spot
[12:02]   Shai : if 8467 major support goes in May we drop to 8200 even
[12:09]   Shai : Sell BNF 18445- 18454 sl of 18510 sl 18380
[12:10]   RK : Shai DRREDDY good for long here?
[12:15]   Shai : vol not coming at the highs (3496 ) in dr reddy to initiate a long
[12:16]   Shai : Better to wait for a dip 3482/ and better at 3468
[12:16]   Shai : tgt is 3510 and 3552 in 3-4 sessions
[12:16]   Shai : cash
[12:16]   RK : ok..will enter if there is a breakout here or otherwise at lows around 3470..thanks
[12:18]   Janak : NZ 4 overs 63 runs!
[12:18]   RK : Tatasteel tried last two days to push up..after a drive today morning it failed and now knocking the earlier support of 324..
[12:19]   Janak : Brendon McCullum (c) batting 55 23 7 4 239.1
[12:19]   Janak : 7 fours 4 sixes – 23 balls 55 runs
[12:20]   Kathir : yeah he wants to finish quikly..he is killing steyn and co
[12:21]   Janak : 5 overs 73 man – NZ is the strongest team and they are gonna be in the finals
[12:21]   Kathir : finals at melbourne?
[12:21]   Janak : i think in NZ – auckland
[12:22]   Kathir : thats now..finals ?
[12:22]   RK : still the RRR is at 6 and once Baz gone SA can take the game from there
[12:22]   r m : Melbourne
[12:22]   Kathir : ok
[12:22]   Janak : they need 282 in 43
[12:22]   Janak : now 210 in 38
[12:22]   Kathir : no janak 298 – revised trgt by DL
[12:23]   Janak : oh ok
[12:23]   RK : am expecting expiry game there..morning pump and afternoon dump for NZ 🙂
[12:23]   Janak : lol
[12:23]   r m : lol
[12:24]   Janak : shai u said abt 300 pts fall in bn yday – where does it lead from here if 400 breaks?
[12:24]   Janak : future
[12:24]   RK : just couple of wickets will take them to backfoot in the pressure game..
[12:24]   RK : that 18000PE is still in offer at same price
[12:25]   r m : @RK, NZ is normally able to play so well only in newzealand
[12:25]   Janak : a maiden over!
[12:25]   Shai : Janak that was a positional view 18600 spot sl and tgt 18200 spot
[12:25]   Janak : future?
[12:25]   Shai : No spot
[12:26]   RK : true RM
[12:26]   Janak : so that is about 18250 f
[12:26]   Shai : looking at 18378 and 18215 April F
[12:27]   Shai : see that 18435 March/ 18620 April is a clear exapmple of rollover volume
[12:27]   Shai : can be misleading if looking at only 1 chart
[12:27]   Rav : 18500ce writers are three times than pe and attacking
[12:28]   Shai : hmm
[12:28]   Shai : from that 19000 pe a lot of writers had moved to 18500 pe
[12:28]   Porus : Shai, Apr total delta not visible?
[12:31]   Shai : Now ok?
[12:32]   Porus : Can only see from 11.45 onwards
[12:33]   Janak : brendon gone
[12:33]   Janak : 36 overs and 220 runs looks easy
[12:34]   RK : this means a lot to SA..another quick wicket will be a great advantage to SA..no attackers there to chase at 6 RPO..law of averages wont allow Guptill today like it happened to Sanga 🙂
[12:35]   Janak : guptil was the man of the match in QF i guess?
[12:35]   Janak : he made some 237 runs!
[12:35]   Porus : yes, now can see.
[12:35]   Shai : added porus the vol profile
[12:36]   RK : Yep..thats right..dont think back to back good innings in knock out will play out
[12:37]   Janak : good come back by SA – lat 4 overs – only 6 runs and a wicket
[12:38]   Janak : one more wicket!
[12:38]   RK : Yeah Baz made a trap there..false breakout 🙂
[12:39]   Janak : i wud prefer SA in final than NZ if India is playing the finals
[12:40]   RK : thats the point..we have tough chance with NZ..
[12:40]   RK : and NZ dont have green Jersey :))
[12:41]   RK : these meme creators made this world cup more fun and intresting 🙂
[12:41]   Janak : we need anushka shamra to click on thursday 😉
[12:42]   RK : lol
[12:43]   Janak : if India wins – she might be declared the official queen of India 🙂
[12:44]   Janak : shai that short trade still looks good?
[12:47]   Shai : Yes Janak BNF will remain weak till expiry day – short rises
[12:47]   Janak : ok
[12:49]   Janak : NF delta is -51k
[12:49]   Janak : still not falling
[12:49]   Janak : it will go back to day low i guess
[12:49]   Janak : 50 pts down from here
[12:55]   Rav : 19420…1400 buyers … to cover short or to buy afresh
[13:00]   Janak : 30 overs – 190 runs – damn easy
[13:03]   Janak : unless nf goes below 8590 decisively – nothing seems to happen
[13:08]   Shai : europe opens in 20 mins
[13:08]   Shai : then moves should come
[13:15]   Rav : max pain shifted from 8700 to 8600
[13:16]   Shai : 18380
[13:17]   Porus : Shai, Target in NF shorts?
[13:17]   Shai : done- (12:09) Shai :Sell BNF 18445- 18454 sl of 18510 sl 18380
[13:17]   Shai : The best way to trade these is to enter sl and tgts in system
[13:17]   Shai : Have sent a mail out
[13:18]   Shai : Please check spam folder and add to whitelist
[13:18]   RK : Shai when was the mail sent.today?
[13:18]   r m : just now
[13:19]   RK : not yet recd
[13:20]   r m : i got it a couple of mintes back
[13:20]   Janak : shai good call
[13:20]   Janak : bn short
[13:20]   Shai : It will come in next 30 mins
[13:20]   Amit J : recd
[13:20]   RK : fine
[13:22]   Shai : steady buyers in NF
[13:23]   Shai : they are not safe if price is below 8584
[13:23]   Shai : 8557 can come again
[13:23]   Shai : repaet of yesterday afternoon
[13:26]   Janak : bn is extremely weak now? only a bounce above 400 can work shai?
[13:26]   Shai : yes sell on bounce
[13:26]   Janak : now sell around 405?
[13:26]   Janak : ibl
[13:27]   Shai : still 100 points left for 18200 spot
[13:27]   Shai : yes around 395- 405
[13:28]   Amit J : This makes us revise our opinion of the 18400 spot holding and we should see the index drifting down below to 17600- 17700 spot levels over the coming sessions.
[13:32]   Shai : BNF april short near 18600 tgt of 18310 F
[13:33]   Shai : hold till thurs with sl of day high of today
[13:38]   Janak : bn has been giving 70-100 pts bounces shai – 18325-18400 cud be one?
[13:39]   Shai : yes clean short at IBL
[13:39]   Shai : 1st negative was when it broke vwap in an open drive
[13:39]   Janak : but can one take a contra trade here with sl 300?
[13:39]   Shai : 2nd was when IBL broke
[13:39]   r m : (*** Private to RK ) Looks lik long liquidation in tatasteel, OI going down
[13:40]   Rav : rm…yesterday….http://www.screencast.com/users/Ravicbe/folders/Jing/media/8d1fad55-8760-459b-a820-73bd14345df2
[13:40]   Shai : NF looks locked 8555- 8585
[13:40]   Shai : Can bounce Jank at vwap band
[13:41]   Janak : meanwhile 20 overs / 147 reqd – now there is an open game
[13:42]   r m : Thanks Rav
[13:44]   Amit J : shai FA possible in apr future nifty?
[13:44]   Amit J : if day high cross
[13:48]   Janak : 435 will come shai?
[13:51]   Shai : No FA in april
[13:53]   Amit J : low taken out but just 1 tick
[13:53]   Janak : sell here shai?
[13:53]   Janak : sl 460?
[13:59]   Shai : can do 18525
[13:59]   Shai : sl 18424
[14:00]   r m : 191250 at 8606!
[14:04]   r m : reds are being crushed by unseen green 🙂
[14:05]   Janak : where is this going shai? 600+?
[14:06]   Rav : sc nf
[14:06]   Shai : upmove may be over 8648
[14:06]   Shai : short NF with sl of 8651 for 8614
[14:07]   Janak : vah 672 – 80% on?
[14:08]   Shai : No
[14:08]   Shai : 18470 here
[14:11]   Shai : 18470 vwap
[14:12]   Shai : this was from the same vwap- (13:59) Shai :can do 18525
[14:12]   Janak : looks like day high of 579 will be revisited?
[14:17]   Shai : 8625 supp- Longer time frame in
[14:17]   Shai : we buy this next dip coming with sl of 8604 and tgt 8695 tom
[14:20]   Janak : preparing for 670/750?
[14:22]   Shai : looking at 8625 as supp
[14:22]   Shai : watch the volume there
[14:23]   Janak : green of pointing sharp up?
[14:25]   Shai : 8626
[14:26]   Shai : Not many buyers yet
[14:27]   Janak : maybe a short squeeze?
[14:27]   Janak : that wud mean atleast a 100+ than day high
[14:30]   Amit J : @ rav your mob no plz
[14:32]   Shai : BNF a neutral day now
[14:33]   Janak : bnf tgt shai?
[14:33]   Shai : 18650
[14:34]   Shai : spot abv 8630 is a move to 8698 spot tom
[14:34]   Rav : heavy sc
[14:35]   Janak : 9 overs 90 reqd
[14:35]   Janak : 80
[14:37]   Shai : (14:34) Shai :spot abv 8630 is a move to 8670/ 8698 spot tom
[14:38]   Shai : corrected
[14:39]   Janak : wild 100 pts moves by bn
[14:41]   Rav : amit..mail id pl
[14:42]   Amit J : [email protected]
[14:43]   Rav : shortlived short covering
[14:43]   Shai : back below 8624
[14:45]   Janak : test
[14:46]   Rav : nnf LU and SBU in Apr
[14:47]   Rav : bnf
[14:49]   Janak : shai bn tgt short? day low?
[14:56]   Janak : 300 pts fall in bn in less than 40 min
[15:02]   Shai : This NF can go down to 8510 F now
[15:02]   Shai : failure at 8624
[15:03]   RK : 8596 SL?
[15:03]   Shai : 8624
[15:03]   Shai : overnight hold
[15:03]   RK : fine
[15:06]   Amit J : shai vwap close in bn or extreme
[15:06]   Kathir : nz need 29 from 18 ..RK
[15:07]   Shai : lower extreme Amit
[15:08]   RK : Steyn with vengence 🙂
[15:08]   RK : Elliot should hang there otherwise things would go worse for NZ
[15:09]   Varun : @shai when we enter 60 in mo one flush out at extremes required
[15:09]   Varun : probably today
[15:09]   Amit J : any idea on MO
[15:09]   Shai : today both ends
[15:10]   Varun : would be easy going up now
[15:10]   Varun : 😉
[15:10]   Shai : slightly more declines
[15:11]   Shai : Varun expiry can mess up a number of things
[15:11]   r m : @Amit MO -65
[15:11]   Varun : good if it goes to 80 levels
[15:11]   Shai : but if we are at lows this expiy then very easy April long calls
[15:11]   Varun : bigger the reversal
[15:11]   Varun : planning to buy next month calls at 80 ;evels
[15:11]   Shai : just like how March started
[15:11]   Varun : itm
[15:14]   Shai : if today’s move is any indciation people want to watch cricket on thurs
[15:15]   Shai : so more volatility tom and quiet expiry
[15:15]   RK : NO way:)
[15:15]   RK : only mkts..match thro highlights 🙂
[15:16]   RK : thanks for sending buyers to Reddy Shai 🙂
[15:16]   Shai : 🙂
[15:17]   Rav : apr premium reduced from 70 to just 25 points.
[15:18]   Shai : wow
[15:19]   Rav : on eheavy short simulatneously made in march and apr triggered huge sc
[15:19]   Rav : one
[15:21]   Shai : ok
[15:21]   RK : Steyn has to contain 11 runs from 5 balls
[15:23]   Kathir : draw will put nz in final
[15:23]   r m : yes
[15:24]   RK : only worthy match in this series
[15:25]   Kathir : oh 6 from 3….
[15:25]   Kathir : 5 to draw
[15:26]   Kathir : 6666666666
[15:26]   Kathir : what a win for NZ
[15:27]   Shai : NZ thru
[15:27]   RK : that’s a classic win 🙂
[15:30]   Shai : BNF close neutral ext
[15:30]   Shai : has to break dtoday’s lows
[15:30]   Shai : NF failed upside move
[15:30]   Shai : Has to test downside for buying
[15:30]   Shai : Bye all
[15:30]   RK : thanks and bye all..
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : Have a nice evening
[15:30]   Navaneeth : bye. tc
[15:31]   Porus : Bye all
[15:31]   Kathir : thanks and bye all