OrderFlow charts and Notes 24/11

[08:45]   r m : Good Morning folks!
[08:45]   r m : http://vtrender.com/levels-and-plan-for-2411/
[08:45]   r m : http://vtrender.com/premium/orderflow-charts-and-notes/
[08:48]   r m : NF Hypo1 Above 8483➜8512➜8558 SL8458 Hypo2 Below 8435➜8412➜8393 SL 8449
[08:48]   r m : BNF Hypo1 Above 18180➜18300➜18368 SL 18106 Hypo2 Below 18024➜17964➜17892 SL 18084
[08:49]   r m : All levels NOV Future
[08:53]   Sharad : GM all
[09:04]   Shai : Gm all
[09:05]   Chiranthan : sl for 8450 pe?
[09:07]   Shai : let’s hold it for a few mins in the morning expecting a gap fill
[09:08]   Shai : then exchange it for a 8550 ce
[09:08]   Chiranthan : ok
[09:08]   Shai : 8483 is the point to cover in F
[09:09]   Shai : IF NF trades abv 8460 all day today expiry could be around 8560- 8580 spot levels
[09:10]   Shai : DEc FP charts on screen for delta variation in rollovers
[09:20]   Shai : Open away from range n value
[09:20]   Shai : 8512 supp for index and 8558 range expected
[09:23]   Shai : NF could be an OAOR
[09:24]   Shai : bulls are not in trouble till 8512 breaks
[09:24]   Shai : below 8512 we can trade for 8483 with sl of 8525
[09:30]   Shai : even BNF strong abv 18160 and could see 18300/ 18368
[09:30]   Shai : utisise dips in BNF to buy with sl below 18140 now
[09:33]   Shai : Morning move could be over here- time for the market to flatten as an OAOR with vwap
[09:51]   Shai : BNF aggressive buy here at 18188 with sl of 18140 for 18245/ 18300
[10:02]   Ravi V P : Chart is not visible
[10:04]   Shai : back up now
[10:04]   Ravi V P : Thanks
[10:05]   Shai : Not much of an edge in the Nifty trade this morning for intra
[10:05]   Shai : 8512 is stop n reverse for bias
[10:06]   Shai : same with BNF at 18140
[10:07]   Shai : Holding abv trend day highs is confirmation of the Buyers still in control and continuation of friday auction
[10:09]   Ravi V P : 8500PE OI increased by 10.86 lacs.Will it not act as support to push Nigty?
[10:19]   Shai : yes can support
[10:19]   Shai : but expiry week OI buildup is never strong hands
[10:20]   Ravi V P : ok
[10:20]   Sharad : yes Shai OI can run away very fast in last week of expiry
[10:20]   Shai : OI change of the morning – http://screencast.com/t/LWm7JUEIX
[10:44]   Kathir : GOOD MORNING Shai RM and all friends
[10:44]   r m : Hi Kathir
[10:48]   Kathir : @sharad dlf…
[10:54]   Sharad : again near 144 so chances are can overshoot so not shorting
[10:54]   Sharad : 148 Shai told mostly
[10:55]   Sharad : instead buy Ranbaxy … looks good
[11:00]   Kathir : ok
[11:01]   Kathir : @shai pls give levels for ranbaxy
[11:02]   Rahul G : shai if possible a view on irb
[11:03]   Shai : sure
[11:03]   Shai : DLF had noted in morning large OI added
[11:04]   Shai : still up 10% nov OI
[11:07]   Shai : ranbaxy 627.4 res
[11:07]   Shai : can make a quick move abv 627.5 t 637.1 and 648.7
[11:07]   Shai : supp at 617 this week
[11:09]   Kathir : ok thanks
[11:10]   Sharad : Shai if 600-610 held Ranbaxy can do 750 in December…. do you think possible ?
[11:11]   Shai : IRB abv 272.5 can do 279 and 283
[11:11]   Shai : supp at 265
[11:12]   Rahul G : thanks shai
[11:15]   Shai : Sharad if that short covering happens upto 667 visisble in next few days possibly fri/mon and then an easy move to 700 if 667 is crossed
[11:15]   Sharad : wow Thanks Shai
[11:16]   Shai : DLF shorts have to be careful
[11:17]   Shai : can rise to 150/ 152 on short covering
[11:17]   Sharad : Shai no courage to buy DLF … will short around 152
[11:18]   Kathir : 🙂
[11:19]   Sharad : yes Kathir buying is risky in DLF… as this is just short covering and retracement of big fall…
[11:19]   Kathir : ok.me bought some 150 ce @1.1 for intra
[11:19]   Sharad : always short DLF you will get it below only 50
[11:20]   Kathir : ok sure
[11:20]   Shai : yes Sharad
[11:20]   Sharad : Thank you Shai
[11:20]   Shai : this move is to fill up that gap zone with volumes
[11:20]   Shai : and then down again with 164 as good spoistional sl
[11:21]   Sharad : ok 164 good number will remember
[11:22]   Kathir : @sharad exited @1.75..thanks shai
[11:22]   Kathir : small bite 🙂
[11:22]   Sharad : good
[11:24]   Shai : USDINR within the 61.50- 61.88 bracket again
[11:25]   Shai : pushed down by china, ecb and possibly RBI intervention
[11:25]   Sharad : Shai expiry on wednesday… so not trading till then
[11:25]   Shai : more likely to trade 61.88- 61.50
[11:26]   Sharad : ok will sell on rise on wednesday
[11:26]   Sharad : can it do 60.50 Shai in December ?
[11:27]   Shai : that depends on RBI on dec 2
[11:27]   Shai : keep neutral till then
[11:28]   Sharad : ok .. but what chart says can it do if nothing major comes from RBI
[11:28]   Shai : Path of least res now towards 61 than 62
[11:28]   Sharad : ok
[11:28]   Shai : charts say 61 before 62
[11:30]   Shai : dlf/ colpal/ wipro biggest OI gainers today
[11:36]   Anay : DLF going for 155
[11:37]   Chiranthan : continue holding 8450 pe?
[11:41]   Shai : Chiranthan we will hold till europe with 8533 sl
[11:41]   Chiranthan : ok
[11:42]   Porus : Shai, S&P500 exceeded your level of 2060. What will be the impact on our markets?
[11:45]   Shai : still around there spx levels are 2068
[11:45]   Shai : that is a larger weekly level- let’s revisit that view mddle of this week
[11:46]   Shai : opens up 2130 if 2070 crossed in spx cash
[12:12]   Porus : no charts?
[12:13]   r m : yes, disappeared
[12:17]   Kathir : @rm during 2007-08 periods i was trading with Indiabulls – if sometimes that platform stuck then the market will either crash or up huge..
[12:18]   r m : yes, in those days most of the brokers platform were not capable of handling the volumes and all spikes are generally made up of huge volumes
[12:19]   Kathir : yeah..may be they sometime did it wantedly
[12:19]   r m : i was using the ancient ICICIDirect at that time, it was mostly in a hung state 🙂
[12:19]   Kathir : 🙂 web based
[12:19]   r m : eah
[12:20]   r m : yeah
[12:20]   Ravi V P : 8522.01 8525.21 white arrow and 8515.810 yellow red arrow. can you pl explain
[12:20]   Kathir : pull back high and lows
[12:21]   Kathir : up blue down red
[12:21]   Ravi V P : not seel and buy signal
[12:21]   Kathir : no
[12:21]   r m : no, simple pivot highs and lows
[12:21]   Ravi V P : sell and buy signal
[12:21]   Ravi V P : Thanks
[12:24]   Ravi V P : Wipro VAH 577.95 WAS PUSHED UP t T85
[12:25]   Ravi V P : tisco VAH of 477 is too pushed up
[12:36]   Anay : @SHai view on DLF plz
[12:40]   Shai : DLF in an open drive today abv multi day value
[12:40]   Shai : supp at 140.9 now all this week’
[12:40]   Shai : can tgt upto 152 if supp holds
[12:41]   Anay : ok thanks
[12:41]   Shai : Ravi looking at current vah or previous day?
[12:41]   Shai : welcome
[12:42]   Ravi V P : Both are quite close
[12:44]   Shai : BNF looking to get stronger
[12:44]   Shai : 18300 is now visisble
[12:44]   Shai : sl can be just below vwap
[12:44]   Ravi V P : yes . 18300 18320
[12:51]   Sharad : 2 buy ticks of 1000+ lots of NF
[13:01]   Ravi V P : hdfc bank to push BN
[13:19]   Shai : t
[13:19]   Shai : charts up?
[13:20]   r m : yes
[13:20]   Shai : thx
[13:26]   Shai : Buyers are now more in control in the intra day TF
[13:27]   Shai : Exit the 8450 puts
[13:27]   Shai : we are tradng abv vwap
[13:27]   Janak : can sell bn on pink shai?
[13:27]   Janak : sl 280
[13:27]   Shai : to vwap
[13:28]   Shai : weakness now only if vwap breaks
[13:32]   Janak : bn delta -ve ow
[13:34]   Kathir : @janak as settlement date is near delta can be mixed up due to roll overs
[13:35]   Janak : shai kept a book arder at 214 for short – will do?
[13:36]   Janak : came till 218
[13:36]   Janak : booked at 220
[13:36]   Janak : thnx shai
[13:36]   Janak : (13:27) Shai :to vwap
[13:41]   Ravi V P : hdfc bank pusg bn
[13:41]   Ravi V P : due to sc of 940ce and put writing of 940pe
[13:41]   Ravi V P : tisco
[13:42]   Ravi V P : 477 to 481 t 485
[13:44]   Shai : That 17565 FA is now 700 + points
[13:45]   Shai : Looks like the 7723 spot of Oct
[13:45]   Shai : FA in BNF – http://screencast.com/t/c9y6A56RnM0n
[13:48]   Shai : 18135 todday is now a confirmed FA
[13:48]   Shai : and ref level for the rest of the week
[13:48]   Shai : all longs will have sl just below 18130 Now
[13:48]   Shai : till expiry that is
[13:49]   Janak : looks like a rotation betn IBH-VWAP shai?
[13:49]   Shai : so far a neutral day in BNF
[13:49]   Janak : unable to stay abv IBH
[13:50]   Shai : 18280 is excess and if we hold below 18280 till close then we close at vwap today
[13:50]   Shai : vwap 18215
[13:50]   Janak : ok so one can keep selling till 280 is done and the sl as 280?
[13:50]   Shai : NF also has an FA at 8505
[13:51]   Shai : confirmaton will be if we cross abv 8538 now
[13:53]   Ravi V P : when heavy weights axis,sbi,icici are muted, hdfc bank inched to 948 from 941
[13:55]   Porus : Shai, what is the implication if we exceed 18280 bnf?
[13:55]   Kathir : ➜18300➜18368
[13:57]   Shai : 18330/ 18360 abv 18280 with sl at IBH
[13:58]   Shai : IBH at 18255
[13:58]   Shai : then we look at a neutral extreme close
[14:01]   Janak : a drop till 18150 poss today?
[14:01]   Janak : if rm starts selling?
[14:04]   r m : I am sleeping 😀
[14:04]   Janak : ghode bech ke?
[14:04]   r m : 🙂
[14:05]   Janak : charts also sleeping
[14:05]   Janak : so gaya ye jahan….
[14:05]   r m : whenever there is OAIR, sleep for 5 hrs, when OAOR, light sleep 🙂
[14:06]   Kathir : @SHARAD RANBAXY ABOVE 628
[14:06]   Janak : those two words itself are sleep-inducing
[14:16]   Ravi V P : 18320.50
[14:16]   Sharad : wow kathir just saw 632 high… hold 15 days till 600/610 break and will get 100 Rs
[14:17]   Ravi V P : shai..will nifty hit 8560 as per mp
[14:25]   Kathir : @sharad ok
[14:25]   r m : 18300
[14:27]   Shai : Ravi yes 8558 technical tgt but we may go beyond
[14:28]   Shai : le’s see where we close today
[14:28]   Shai : 18309
[14:29]   Janak : can come back to 270?
[14:31]   Ravi V P : Change in OI 8500 ce 677325 1617850
[14:32]   Ravi V P : will push nofty to 8560?
[14:37]   Shai : 18324
[14:37]   Ravi V P : booked at 18320
[14:37]   Shai : yes FA confirmed at 8505
[14:38]   Shai : Bulls have all to play for now
[14:38]   Ravi V P : what is FA
[14:38]   Shai : 8505/ 18135 only 2 things which matter now
[14:40]   Porus : charts down?
[14:41]   Shai : Ravi here : http://vtrender.com/of-failed-auctions-and-revisits-4/
[14:41]   Ravi V P : GOT IT.THANKS
[14:42]   Shai : If you google “Vtrender Failed auction” you will get more info
[14:42]   Ravi V P : I COULD UNDERSTAND IT
[14:42]   Shai : Mind the caps
[14:42]   Ravi V P : corrected
[14:43]   Shai : Thanks
[14:43]   Rahul G : shai can a day have two FA on both side
[14:43]   Shai : Am getting disconnected due to a 4G upgrade process in my area. Cannot complain as I was pre- informed 🙁
[14:44]   Shai : Hope to be sorted out by evening tom
[14:44]   Shai : Rahul No – there is only 1 now
[14:44]   Rahul G : ok
[14:44]   Shai : Oh in NF there can be 1
[14:45]   Shai : Yes a 3-1-3 setups has 2 FA’s at opp ends but those days have a larger range
[14:45]   Shai : usulay bigger than the ATR
[14:45]   Rahul G : ok
[14:45]   Shai : *usually
[14:46]   Chiranthan : what is atr?
[14:46]   Shai : Avg traded range
[14:47]   Ravi V P : true
[14:50]   Shai : ES has rallied 7 handles in the past 60 mins
[14:50]   Shai : global risk on
[14:51]   Ravi V P : why 8559 is red in column A
[14:52]   Shai : which column?
[14:52]   Ravi V P : 30 min data
[14:53]   Shai : marked tgt of the move – nothing more
[14:53]   Shai : removed now
[14:54]   Shai : with 8504 as sl now the next upper tgts are 8558/ 8570 in NF
[15:02]   Shai : the writing at 8500 pe is now nearing 20 L
[15:03]   Shai : 18000, 18100, 18200 pe all adding up in BNF
[15:04]   Kathir : short pe?
[15:05]   Kathir : @shai are they writing those bnf PE’s
[15:07]   Shai : yes
[15:08]   Kathir : ok thanks
[15:08]   Shai : 18000 pe is almost free money now at 31
[15:09]   Shai : f u write that is
[15:12]   Kathir : dlf 148
[15:17]   Shai : DLF has also dropped a 90% of the OI built at open
[15:17]   Kathir : so shorts coming again ?
[15:18]   Shai : 145.6 supp into tom
[15:18]   Kathir : ok
[15:18]   Kathir : may be sharad and his friends into act 🙂
[15:29]   Shai : close in NF and BNF coming as a neutral extreme
[15:29]   Shai : Bias tom is long abv 8540 again
[15:30]   Shai : roational between 8540- 8510 and short below 8504
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Porus : bye
[15:30]   Kathir : thanks and bye all
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice eve