OrderFlow charts and Notes 26/05

[08:49]   r m : Good Morning folks!
[08:49]   r m : http://vtrender.com/levels-and-plan-for-26th-may/
[08:49]   Porus : GM RMand all
[08:49]   r m : Hi Porus
[08:49]   r m : http://vtrender.com/premium/orderflow-charts-250515/
[08:50]   Kathir : Hi RM Porus 🙂
[08:50]   r m : Hi Kathir 🙂
[08:50]   Sudhakar : GM All
[08:50]   Porus : Hi Kathir
[08:50]   Kathir : @RM I tought i would come before master today..failed 🙂
[08:51]   r m : @Kathir, Early bird today? Threat to the life of worms 🙂
[08:51]   Kathir : setlmnt week 🙂
[08:51]   r m : @Kathir, master is not here, only fakeguru has arrived 😀
[08:51]   r m : Nifty MAY Future levels| Key Reference Area 8379| Hypo1 below 8379➜8333➜8302 SL 8408| Hypo2 above 8408➜8423➜8500 SL 8390
[08:51]   r m : Banknifty MAY Future levels| KRA 18330| Hypo1 above 18330➜18390➜18435 SL 18280| Hypo2 below 18210➜18148➜18085 SL 18340
[08:51]   Kathir : @RM yest i used friday hypo and went short..nice one
[08:52]   r m : great!
[08:52]   r m : I think it is easier to trade hypo when you are not observing every tick on the charts!
[08:52]   Kathir : yest vwap was at 8402 when it broke 8380 so Sl was not far
[08:52]   r m : yep
[08:52]   Shai : GM all
[08:52]   Kathir : GM Shai
[08:53]   Tejpreet : GM All.
[08:59]   r m : Results today – Dish TV, HPCL, Tata Motors, United Spirits
[09:00]   Tejpreet : Even Tech Mahindra is due today.
[09:01]   Pawandeep : Good Morning Shai,RM & Friends
[09:02]   r m : Hi Pawandeep
[09:03]   r m : Nifty MAY Future levels| Key Reference Area 8379| Hypo1 below 8379➜8333➜8302 SL 8408| Hypo2 above 8408➜8423➜8500 SL 8390
[09:03]   r m : Banknifty MAY Future levels| KRA 18330| Hypo1 above 18330➜18390➜18435 SL 18280| Hypo2 below 18210➜18148➜18085 SL 18340
[09:05]   Hemant : GM folks
[09:06]   RK : GM Shai,RM and all
[09:06]   Kathir : Hi RK
[09:07]   RK : Hi Kathir
[09:07]   Venkatesan : gm shai, rm and friens
[09:07]   Venkatesan : hi kathir
[09:07]   r m : Hi RK, Venkatesan
[09:08]   Sumit : GM everyone
[09:08]   Moses : GM All
[09:08]   Shai : Weekly view was updated on Sun : http://vtrender.com/nifty-bn-weekly-view-spot-we-22may/
[09:08]   Shai : WE expect 8355 to show some supp
[09:09]   Shai : low was at 8351 spot yesterday
[09:09]   Shai : opinion revises again f it breaks
[09:09]   Shai : if*
[09:09]   Shai : but for now shorts should think part book or trail up
[09:10]   Varun : shai these lvn are composite weekly ?
[09:10]   Shai : yes
[09:11]   Hemant : Shai, target of 8600 PE would be ?
[09:11]   RK : Shai so still we expect a visit to that 8500 levels prior to expiry ?
[09:11]   Shai : Hemant 8330/ 8355 spot to book
[09:11]   RK : if we take support at PDH
[09:12]   RK : *PDL
[09:12]   Hemant : Got it Shai
[09:12]   Shai : yes but add up is only abv 8408 F
[09:12]   Shai : trying to play range bound this week and we already at first supp
[09:12]   RK : got it
[09:13]   Shai : BNF whch was the early mover on friday, operated in the spike zone
[09:13]   Shai : so again it will lead the move up or down
[09:13]   Shai : NF was a DD yesterday
[09:14]   RK : If we remove that freak tick of 18020 F, I think low on Friday was 18280 and we made same low again yday in BNF
[09:14]   Shai : 8370 LVN at open is test
[09:14]   RK : *250
[09:14]   Shai : ok
[09:19]   Kathir : @RM bnf low and high traded ?
[09:19]   r m : not there on my chart
[09:19]   r m : let me check odin values
[09:21]   Shai : Buy NF abv 8370 sl of 8349 tgt 9393/ 8408
[09:21]   Shai : 8393/ 8408 **
[09:22]   Shai : No Kathir no vols at high n lows
[09:22]   Kathir : ok shai thanks
[09:22]   Varun : shai for this lvn 8369, till which level are the single prints
[09:24]   Shai : Varun 8352/ 8372 18th May
[09:24]   Shai : also 4th May
[09:24]   Varun : ok, so it has done its probe of minus developement
[09:24]   Shai : and 24th apr and 22nd apr
[09:25]   Shai : yes probe done but LVN is less volumes
[09:25]   Shai : LVN is non acceptance region
[09:26]   Shai : Our long trade view is abv 8370 only this morning
[09:26]   RK : Open high in both NF and BNF
[09:26]   Shai : ok
[09:27]   Shai : 8364 has high vlumes
[09:27]   Tejpreet : Shai how is PNB looking for longs.
[09:29]   Shai : PNB cross of 153 should give momentum to 155.6 and 157.2 intra
[09:30]   Shai : positional longs better on close abv 153.4 this week
[09:30]   Shai : that trade has 161/ 165 as tgts
[09:31]   Tejpreet : Thanks Shai.
[09:31]   Shai : selling vols at 8358 have come after those buy numbers seen at 8354
[09:31]   r m : @Shai, what is long view for Castrol for a weekly TF?
[09:34]   Tejpreet : Nifty almost does Shai target of 100 points below 8430 spot as stated on Friday.
[09:35]   r m : Open High same and above PDH – Titan
[09:35]   Shai : yes spot at a crucial zone for the positional
[09:36]   Venkatesan : positional short or buy shai?
[09:36]   r m : Open Low same and below PDL Apollotyre_F1 and HDFC_F1
[09:36]   RK : RM we will tally the score EOD
[09:37]   r m : yep
[09:37]   Sharad : GM all
[09:37]   Sharad : tough to enter in room
[09:38]   Shai : castrol 447.8 last supp
[09:39]   Kathir : Hi Sharad ..yest i thought of you..inr exactly went to 63.54 and turned
[09:39]   Shai : Venkatesan we wait for price confirmation for buy here
[09:39]   Venkatesan : thank u
[09:39]   Shai : But is a supp for existing longs from 8020 F levels
[09:39]   Sharad : yeah Kathir
[09:40]   Venkatesan : got it
[09:40]   Kathir : @sharad do you stil hold longs INR?
[09:40]   Sharad : no sold yesterday
[09:41]   Kathir : ok
[09:41]   r m : Thanks Shai
[09:43]   Kathir : @sharad …http://screencast.com/t/ZnF4cqQrgmf
[09:43]   Shai : Sell BNF 18200- 18210 sl of 18260 tgt 18157/ 18134
[09:46]   Sharad : Good clean chart Kathir ..
[09:49]   Vinay : morning Shai, i have some sbi shorts
[09:49]   RK : Shai Ultratech would you consider it as ORR?
[09:49]   Vinay : we are trading below your previous BO level at 277
[09:50]   Vinay : but there seems to be some buying in the 273-275 F zone
[09:50]   Vinay : should I look to book here?
[09:57]   Ashish : Gm all
[09:59]   Shai : yes sbin getting supp
[10:01]   Shai : this week no further weakness till 273.7 cash is broken
[10:01]   Shai : so advisable to book shorts
[10:02]   Shai : Make an exit in BNF shorts at 18220- 18225 here
[10:02]   Shai : responsive buying may pick up again
[10:04]   Shai : 18226 weekly spot is a supp
[10:09]   Shai : Buyers BNF
[10:10]   Shai : Buy BNF for 18320 sl below 18199 cmp 18262
[10:11]   Shai : responsive buying in NF also
[10:34]   Tejpreet : Lupin giving a dip intraday …Shai can you give support lvl to go long with Sl.
[10:37]   Shai : Lupi suggest wait till it confirms abv 1773 again for a buy
[10:37]   Shai : can dip to 1738 again from here
[10:37]   Shai : bext buy is abv 1780 for 1820/ 1860
[10:38]   Tejpreet : Thanks will go with best buy above 1780 spot.
[10:39]   Shai : yes 1770 is the HVN of the move upto 1800
[10:39]   Shai : thse buyers not safe till we move abv up again
[10:40]   Shai : supply came again from 1804 as 2 weeks back
[10:41]   Tejpreet : right as SL trigerred 2ice in lupin longs in past 3 weeks so will wait till lvls cleared.
[10:43]   Shai : BNF needs to climb up abv vwap quickly
[10:56]   Rahul G : shai in both the NF and BF profile charts there is an O in the top so in the afternoon there can be a rending move
[10:56]   Rahul G : trending
[11:01]   Shai : Rahul NF yes
[11:01]   Shai : BUt BNF has not traded
[11:01]   Shai : yes no longs till we cross abv that
[11:06]   Shai : short NF trade is below 8332 F today- tgt of the move 8302
[11:07]   Shai : sl will be abv 8353 the current dpoc
[11:15]   Shai : that castrolind trade which RM pointed out has potential to do 465 and shortcovering abv 465 can bing 495 within the week
[11:15]   Shai : is coming into FnO hence mya see good volumes
[11:15]   Shai : sl 447 positional close
[11:16]   Shai : fri is entry in Fno
[11:24]   r m : @Shai, what is your view for longs in TATACOMM, results tomorrow
[11:35]   Kathir : @sharad that USD/INR chart belongs to RM 🙂
[11:40]   Sharad : yeah nice chart… RM
[11:42]   Shai : tatacomm good abv 444
[11:42]   Shai : tgt of the move is 450.9
[11:43]   r m : Thanks Shai!
[11:43]   Tejpreet : Lupin unable to cross Shai lvl and tumbling 🙂
[11:44]   Shai : BN is day low holds today tgt of the move is 18470 spot, cmp 18320 here
[11:44]   r m : @Ashish, I got disconnected, Fin-alg indicator is for NT only and trial version available on net
[11:44]   Shai : positional carry
[11:44]   Ashish : Thanks RM:)
[11:44]   Shai : BN is facing some supply at 18295 ahead of our tgt . we will place part exit at 18295 and move tsl to 10235
[11:46]   Kathir : @sharad INR 30 paise up 🙂
[11:47]   r m : @Shai, your view on ASIANPAINT please
[11:47]   Ashish : Shai, Jubilant foodworks is good for shorting here??
[11:48]   Shai : asian 752 supp can do 797
[11:49]   r m : Thanks!
[11:49]   Sharad : Kathir stop hit yesterday kya kare ???
[11:50]   Shai : jubl in a broad 17280 1775 range
[11:50]   Shai : may move upto 1775 gain
[11:51]   Shai : intra day short below 1737 only now and add if 1727 breaks
[11:51]   Ashish : Thanks Shai:)\
[11:51]   Shai : if 1756 is crossed now can do that 1774/ 1776
[11:52]   Tejpreet : Thanks for dissecting Lupin for members 🙂
[11:52]   Ashish : ok shai..
[11:53]   Kathir : @sharad I put SL below 63.54 ..it went to 63,54 and turned
[11:53]   Kathir : Actually it was Shai’s SL
[11:55]   Sharad : mine was trailing so hit @ 63.61
[11:55]   Kathir : oh ok
[11:56]   Kathir : @sharad can we expect a big jump if it crosses 64 now or tomrw
[11:57]   Kathir : should be 63.95 in fact
[11:58]   Sharad : 64.90 pending target
[11:58]   Kathir : it came last wed i guess
[11:59]   Sharad : 63.9750 high till now on 20/5
[11:59]   Kathir : ok
[12:04]   Sharad : and 64.49 high on 13/5
[12:05]   Kathir : so that may come if it closes above 63.97 from here?
[12:06]   r m : @Shai, view of longs in ORIENTBANK and BANKBARODA
[12:06]   r m : *view for longs
[12:08]   Sharad : Kathir 83.88 VPOC if crossed then only think of upside
[12:10]   Kathir : @sharad 83.88 indian economy will crash :)..63.88?
[12:10]   r m : at BRN 64 Rajan Uncle wakes up and starts selling Dollars 🙂
[12:11]   Kathir : yeah RM RR RK all big guns
[12:11]   r m : 🙂
[12:11]   Sharad : sorry 63.88
[12:11]   Kathir : 🙂 yes shard taken
[12:16]   Kathir : @shai now long above 8354 NF ?
[12:19]   Pawandeep : @shai market open below VAL ,went to 8326 making ib of 45now we r trading in between ib, so what type day we sholud expect . meanwhile vix is up4% usdinr up .4%
[12:27]   Shai : Pawandeep so far a normal day but can be normal variation by close
[12:28]   Shai : No Kathir abv 8379 only sl of vwap- filter
[12:29]   Rajat : banknifty
[12:29]   Rajat : should buy call
[12:30]   Shai : Not here
[12:30]   Shai : we will buy abv again or near 18220 spot with a samll stop
[12:30]   Rajat : k
[12:30]   Shai : roatational here at vwap for a positional entry
[12:31]   Kathir : ok shai thanks
[12:38]   Pawandeep : normal variation by close on which side long or shot
[12:39]   Pawandeep : short*
[12:44]   r m : @Shai, view for longs in ORIENTBANK and BANKBARODA
[12:47]   Shai : Pawndeed shorts are not coming in strongly at lows
[12:47]   Shai : vl is on the poorer side
[12:47]   Shai : but on this kind of day we trade break of IB any side
[12:49]   Shai : orient bank is weak below 201
[12:49]   r m : ok
[12:49]   Shai : supp at 198
[12:50]   Shai : longs come back abv 201 and can drive it to 208
[12:50]   r m : Thank
[12:50]   r m : Thanks 🙂
[12:50]   Pawandeep : got it
[12:51]   Kathir : @RM cabinet meeting today ?
[12:51]   Shai : bankbarroda now good abv 158
[12:51]   Shai : can do 167 with sl below 151
[12:52]   r m : Thanks
[12:52]   Shai : wc 🙂
[12:52]   r m : @Kathir, today cabinet is busy all over India addressing meetings 🙂
[12:52]   Kathir : ok 🙂
[13:05]   Kathir : @sharad nice level you gave INR it exactly turned at 63.88 range
[13:11]   Sharad : i knew that is why not rushing to buy… if this held then will break 63.54.. so no trade till expiry tomorrow
[13:12]   Sharad : expiry should be near 63.50/63.60
[13:21]   Tejpreet : (11:06) Shai :short NF trade is below 8332 F today- tgt of the move 8302
[13:22]   Tejpreet : Can we go short now.
[13:22]   Shai : yes can short
[13:23]   Shai : Shrt NF at 8333 sl of 8354 tgt 8302
[13:25]   Tejpreet : Adani ent unable to sustain above 800 , can fresh shorts be created now.
[13:28]   Shai : yes sl at 805 – add below 790 where momentum should come
[13:28]   Shai : exit if 790 does not break
[13:28]   Kathir : @sharad ok done
[13:29]   Sharad : what done Kathir ?
[13:29]   r m : 🙂
[13:29]   Kathir : @sharad 🙂 no trade till expiry
[13:30]   Sharad : ohhh ..I thought some big trade done
[13:30]   Tejpreet : Thanks looks risky …will play with 780 put.
[13:31]   Tejpreet : Could turn out into a lottery trade.
[13:32]   Kathir : @sharad actually i bought 63.5 ce at 0.12 yest eve but exited around 13..i dont know the levels yest..today it went around 37
[13:32]   r m : @Sharad, decision done to not to enter big trade 🙂
[13:32]   Shai : has to crack 790 then 770 should come
[13:43]   Ashish : Shai, 8332 F is a seller?
[13:46]   Sharad : ok
[13:48]   Pawandeep : @ shai nifty is down along with vix ? usally nifty should down with vix up
[13:49]   Pawandeep : what its stats?
[13:49]   Shai : Yes 8332 sells
[13:50]   Shai : short built there
[13:50]   Ashish : Thanks..
[13:50]   Shai : Pawndeep not necessary
[13:53]   Pawandeep : ok
[13:54]   Varun : @shai volume enough fr vwap bands to expand?
[13:54]   Shai : not enough
[13:59]   Hemant : Shai, NF chart showing 2 vwaps?
[14:00]   Varun : are these fresh sellers ?
[14:00]   Kathir : downside is VWAP band
[14:06]   Shai : Yes Varun fresh sellers have come
[14:06]   Shai : vol is not very heavy but
[14:06]   Varun : then shai this could get ugly
[14:06]   Varun : as a poor low was repaured
[14:07]   Shai : 8302 is buying prints
[14:07]   Shai : 19th May
[14:07]   Varun : and ur lvn at 90’s
[14:07]   Shai : yes
[14:08]   Shai : but weak now below 8369
[14:08]   Shai : strength only if that is crossed
[14:08]   Kathir : @shai USD /INR levels for fresh longs from here?
[14:10]   Shai : is a 50 point lg trade if 64.03 is crossed
[14:10]   Shai : long*
[14:11]   Kathir : ok you preferr a close above that levl o?
[14:11]   Shai : 64.28/ 64.40 tgt levels
[14:11]   Shai : 63.70 sl from here
[14:12]   Kathir : ok shai buy now or only above 64.03?
[14:12]   Shai : 8316 buyers
[14:12]   Shai : abv 64.03 only with sl of 63.86 intra
[14:13]   Kathir : ok thanks
[14:14]   Shai : raise stops in NF to 8336
[14:16]   Shai : 8316 looks like a square off order of that 8334 seller
[14:17]   Shai : almost same kind of vol
[14:17]   Shai : BN holding the lows
[14:25]   Shai : exit the NF shorts
[14:25]   Kathir : @shai any chance for counter trade NF?
[14:26]   Shai : no not here
[14:27]   Kathir : ok
[14:27]   Ashish : Shai, Relinfra can be bought at these levels?
[14:29]   Shai : ok positional trade in Rinfra with sl of 424. add abv 436 where the long trade idea becomes safe
[14:29]   Shai : till then it is aggressive bet only
[14:30]   Ashish : Thanks Shai..
[14:36]   Hemant : Shai, what to short for June?
[14:37]   Shai : short 8400 ce
[14:37]   Hemant : Got it
[14:51]   Kathir : @sharad 63.97
[15:15]   Hemant : Shia, can hold that short on 8400 CE for a week or two?
[15:16]   Kathir : @HEMANT how much margin you need to short CE?
[15:17]   Shai : yes positional
[15:17]   Shai : 145 sl on that 8400 ce tgt 84 to begin
[15:17]   Shai : use sl on 30 min close not tick
[15:17]   Hemant : Hang on Kathir
[15:18]   Kathir : ok
[15:19]   Hemant : Approx 16k for a lot
[15:20]   Kathir : ok thanks
[15:20]   Hemant : welcome bro 🙂
[15:21]   Shai : Take BN calls as BTST
[15:21]   Shai : tgt is 18475 spot tom
[15:21]   Shai : cmp 18350
[15:28]   Varun : 8310=8350 spike @shai
[15:29]   Shai : BN is pushing it higher
[15:29]   Shai : tom again 8370 in play
[15:29]   Shai : is a long abv 8370 F with a 25 point stop for 8434
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Ashish : Thanks all, Bye
[15:30]   Sudhakar : bye all
[15:30]   Moses : Bye all
[15:31]   Venkatesan : thank you shai, rm and friends
[15:31]   Shai : Bye all
[15:31]   Sharad : Bye all
[15:31]   Hemant : Ty folks! Wonderful day today, have fun!
[15:31]   Shai : Have a nice evening
[15:31]   Porus : bye all
[15:31]   Kathir : Thanks and bye all 🙂