OrderFlow charts and Notes 26/08/14

[09:01]   r m : Good Morning folks!
[09:03]   Shai : GM all
[09:03]   Kathir : Good Morning Shai RM ge 🙂
[09:04]   Shai : http://vtrender.com/levels-and-plan-for-26th-aug/
[09:05]   r m : Hi Kathir ge 🙂
[09:06]   Shai : Sept F charts are on second screen
[09:11]   Kathir : how abt pre market ?
[09:11]   r m : Pre-market suggests open at 7885/15600
[09:13]   r m : banks are the one bearing the brunt of SC judgement, their NPA likely to go up
[09:13]   Kathir : oh bad for bnf
[09:14]   r m : yes, that is why banknifty spot is down by 138 points in pre-market
[09:14]   Kathir : ok
[09:14]   r m : Guess non-banking stocks will be taken up to balance
[09:14]   Kathir : so we have to watch that 15625 carefully
[09:14]   Kathir : narayanamoorthy and team
[09:15]   r m : or pharma
[09:16]   Kathir : bnf 15525
[09:17]   Kathir : @RM you are right they managed NF with other optins ..superb view
[09:18]   r m : Thanks!
[09:18]   Kathir : is the values updated
[09:18]   r m : Shai’s constant teachings are at last having some effect on me too 🙂
[09:18]   Kathir : 🙂
[09:19]   Kathir : 15857-15793?
[09:19]   Kathir : 15766 val
[09:19]   r m : in my charts the values are 7935-7954-7975 and 5767-15920-15973
[09:19]   Kathir : ok thanks
[09:20]   Sumit : gm Shai, rm, Kathir
[09:20]   r m : Hi Sumit
[09:21]   Kathir : hi Sumit
[09:22]   r m : PDL is discouraging both
[09:22]   Kathir : @Shai shall I buy NF based on the 7887 support
[09:22]   Shai : Kathir wait
[09:23]   Kathir : ok thanks
[09:23]   r m : looks like OAOR at least in NF
[09:23]   Amit J : Banknifty gave a failure to election high. how do you see this Shai
[09:23]   Shai : yes and open below neautral extreme
[09:24]   Shai : Amit yes alte longs in trouble
[09:24]   Shai : most probably viist to 13380/ 15180
[09:28]   Shai : NF most probably headed to 7880
[09:28]   Shai : Longs have to wait to buy
[09:28]   Shai : also FA point of 7867 can be visisted
[09:28]   Shai : BNF to do 15450/ 15380 from here
[09:32]   Sumit : stronger blue bars in BNF. buying coming
[09:33]   Kathir : this blue bar guys will dissappear if nf and bnf goes to highs 🙂
[09:34]   Sumit : 🙂
[09:34]   r m : previous day’s vwap were at 7944/15836
[09:35]   Kathir : ok
[09:36]   r m : BN finding buyers at PDL
[09:36]   r m : let us see how long they last, could be previous shorts exiting too
[09:37]   Amit J : looks like 7900 put writers are trapped
[09:38]   r m : yeah
[09:38]   Amit J : yesterday difference was 30L shares now both writers same
[09:38]   r m : but most of them must have written it or much higher value then now, only last week writers will be in difficulty
[09:40]   Shai : Yesterday’s charts and notes- http://vtrender.com/premium/orderflow-charts-and-notes-250814/
[09:41]   Kathir : @Shai i have confused with the delta bars and the B S bars in the left side ..how to take this B S bars for trading
[09:41]   Kathir : is that related to DPOC
[09:41]   Shai : The BS bars are longer term for stops and tgts
[09:42]   Shai : use delta and smaller OF for entries
[09:42]   Shai : those bars will tell you where the buyer or seller is dominant
[09:43]   Shai : NF and BNF doing well to come to pdl
[09:43]   Kathir : ok thanks
[09:48]   Shai : 7929 F are resistance today
[09:48]   Shai : 15745 in BNF
[09:48]   Shai : idea would be to short at higher prices
[09:53]   Shai : Buy NF 7914-7916, sl 7901 for 7930/ 7940- trade small qty
[09:55]   Shai : Market is imabalnced but so far staying above pdl which implies rejection of neutral extreme
[09:56]   Shai : on the Nifty spot 7921 is now turning into a short term resistance level ( not intra)
[09:57]   Shai : RM got anything at 15525?
[09:57]   r m : will check
[09:58]   Shai : tyt
[10:00]   Shai : in BNF looking for a short below 15620 for 15570/ 15525 and sl of 15659- trade small qty
[10:00]   r m : just one lot at 525 and 2 lots at 540
[10:00]   Shai : confluence zone this 15570- 15625
[10:01]   Shai : short “below 15620”
[10:05]   Shai : Thanks RM
[10:05]   r m : welcome
[10:05]   Shai : IN the past BNF and it;s atrcation for these prices has been 100%
[10:05]   Shai : *attraction
[10:06]   r m : yes, it is fascinated by those numbers 🙂
[10:06]   Shai : IT at day highs
[10:07]   r m : Looks like ICICIBank does not have its hands in the coal till 🙂
[10:08]   Kathir : at last got an Algo bnf 15653
[10:08]   Kathir : seems to be under a big red bar
[10:08]   Kathir : is it a seller
[10:09]   r m : yes, pretty big volume
[10:09]   Kathir : that guy took the dpoc there
[10:09]   r m : there is a similar one in sep future too
[10:10]   Kathir : yes ge .so he is a long term player is it
[10:10]   r m : could be rollover too
[10:10]   Kathir : ok
[10:10]   r m : almost same volumes
[10:11]   Shai : and if you get matching algos in sept chart it is a rollover
[10:11]   Kathir : ok
[10:12]   Shai : Now if you see the B S bars- you get 15610 as buyers and 15660 as sellers
[10:14]   r m : algos are visible in trading software charts too, they stand out like a sore thumb!
[10:14]   r m : http://screencast.com/t/sbRHqOSm5AYT
[10:14]   r m : http://screencast.com/t/6PH0sVsy1
[10:15]   Kathir : yeah stands like a wind mill
[10:15]   r m : lol
[10:16]   Kathir : @RM in my native village near coimbatore we have lots of wind mills
[10:16]   Kathir : 24 hrs three phase supply for agriculture they give
[10:16]   r m : great
[10:17]   Kathir : only in two districts of tamilnadu
[10:17]   Kathir : coimbatore and tiruppur
[10:17]   r m : I thinks Suzlon began from TN but they got over ambitious
[10:17]   Kathir : yeah they have a big 2000 crore unit near coibatore SEZ
[10:17]   r m : ok
[10:18]   Kathir : very huge plant..they produce the wind ebergy parts and all that related
[10:18]   r m : ok
[10:19]   Kathir : bnf below 620
[10:19]   Sumit : executed
[10:20]   Shai : yes
[10:20]   Chiranthan : SL for BNF Short?
[10:20]   Shai : seller is at 15661
[10:20]   Shai : sl is 15659
[10:21]   Kathir : @Shai BS shows buyer @ 610 no then it will be good to go short below that right or some othe view?
[10:26]   Shai : exit NF longs below 7901
[10:31]   Shai : Move sl in BNF short call to 15669
[10:32]   Kathir : OK
[11:03]   r m : blue at vwap in BN
[11:04]   Shai : exit BNF shorts
[11:26]   r m : rollover algo again in BNF
[11:28]   Shai : yes market has gone quiet to facilitate rollovers
[11:29]   r m : ok
[11:31]   Shai : at 1 point yesterday in the morning it looked like 8000 strike would be the focus of the expiry week
[11:31]   Shai : but now it is back to 7900
[11:32]   Shai : 65 premium at 7900 and safe in the 7830- 7965 zone we are tracking
[11:41]   Shai : 610 buyer and 660 seller tossing bnf around
[11:41]   Shai : at one point it looked like the seller will prevail but not yet
[11:43]   Sumit : dpoc means, during closing hours, market will try to go there?
[11:44]   Shai : only if the market is rotating like it is now
[11:44]   Sumit : ok
[11:44]   Shai : if it is trending then the visiit back gets postponed
[11:44]   Sumit : ok
[11:44]   Sumit : thanks
[11:44]   Kathir : @RM that 610 and 660 guys have now given a clue for next trade in BNF
[11:45]   r m : 🙂
[11:45]   r m : if you can’t beat them, join them (algo) 🙂
[11:46]   Kathir : 🙂
[11:47]   Sumit : where r big guns… Girish, Kris, Janak
[11:47]   Kathir : we have to ask CBI to search them
[11:47]   Sumit : 🙂
[11:48]   r m : 🙂
[11:48]   Sumit : still partying from their last payout
[11:48]   Kathir : may be 🙂
[11:49]   Kathir : the past data shoes Kris will join the room in aug sep oct months 🙂
[11:49]   Kathir : shows
[11:50]   r m : 🙂
[11:50]   Sumit : GD and D’cruz?
[11:52]   r m : Girish has not been seen since long, looks like his chip manufacturing business cycle is at peak!
[11:53]   Sumit : could be. even Kris is no regular now. IT project may be?
[11:54]   r m : Yeah, Kris is in touch, he is too busy
[11:54]   r m : likewise with Janak
[11:54]   Sumit : ok
[11:54]   Kathir : ok
[11:56]   Kathir : @RM now i have placed a check for these 610 and 660 guys but hedging bnf aug and sep @ 630 🙂
[11:56]   Kathir : by
[11:56]   r m : ok
[11:56]   Kathir : let us see who helps me
[11:56]   r m : 🙂
[11:58]   Sumit : Kathir, I m eagerly waiting for your option calls on thursday. pl post whatever u trade 🙂
[11:58]   r m : TTB calls 🙂
[11:58]   Sumit : ttb?
[11:58]   r m : Trip to billionairedom 🙂
[11:59]   Sumit : hahaha
[11:59]   Sumit : seriously he is good
[11:59]   r m : yes, I know
[11:59]   r m : he tracks stocks and stikes when iron is hot
[11:59]   Sumit : true :))
[11:59]   Sumit : signs of mastertrader
[11:59]   r m : yes
[12:00]   r m : nf going to hit sl now
[12:00]   r m : it is coming back from 7901 so far
[12:01]   Sumit : 15610 saved
[12:01]   Kathir : @Sumit now you have joined TTB ..sure i will share whatever i know and do
[12:01]   Sumit : 🙂 I m not even ttm
[12:02]   Kathir : TTM?
[12:02]   Sumit : millionairedome
[12:02]   r m : lol
[12:02]   Kathir : lol
[12:02]   r m : very easy to become a millionaire in stock markets, just begin with a billion 🙂
[12:02]   Sumit : :))
[12:03]   Kathir : but i am working to break this theory 🙂
[12:03]   Sumit : awesome
[12:04]   Shai : stops taken in NF longs. please exit
[12:06]   Kathir : @shai will bnf go to 15570 now?
[12:06]   Shai : yes should go on this pink
[12:07]   Kathir : ok thanks
[12:07]   Kathir : @RM i have released the longs now below 610
[12:07]   Chiranthan : Short BNF?
[12:08]   r m : ok Kathir
[12:08]   Shai : yes Chiranthan sell closer to 15610 but sl is deep at 16665- tgt 15525
[12:09]   Shai : *sl at 15665
[12:09]   Chiranthan : ok
[12:10]   Shai : NF likely to do 7887/ 7867 from here now that it is below pdl again
[12:21]   Sumit : tgt 1 done
[12:21]   Kathir : 15570
[12:22]   Shai : Selling increasing in BNF and now looking at 15470 F in next 1-2 sessions
[12:22]   Shai : maybe today itself
[12:23]   Shai : below 15470 it is a bigger fall
[12:25]   Kathir : @SHAI is the SL remains same for bnf shorts @ 15665
[12:26]   Shai : Kathir all levels to 15640 now will be shorted
[12:27]   Kathir : ok shai
[12:46]   Kathir : @@RM what will be the price of 15500 pe if nf goes to 15570 today
[12:46]   Kathir : sorry 15470
[12:46]   Kathir : bnf
[12:51]   r m : @Kathir, 111 🙂
[12:55]   Kathir : ok ge thanks 🙂
[13:05]   r m : @Kathir, looks like you are playing 570-610 range now 🙂
[13:06]   Kathir : no ge i have exited @ 570..but planning again for this range
[13:06]   r m : ok
[13:06]   Kathir : has 15500 pe
[13:06]   r m : some blue color injected at 570
[13:07]   Kathir : ok
[13:07]   r m : let us see where they take it out 🙂
[13:07]   Kathir : yeah
[13:08]   Kathir : upside now vwap is @ 15622
[13:10]   Kathir : vwap dpoc same place
[13:11]   r m : http://screencast.com/t/kOwwk6I2J
[13:11]   r m : rotating between 565-600 here
[13:12]   r m : got a kick in the … at 565 from an algo 🙂
[13:12]   Kathir : 🙂
[13:13]   Kathir : so now its between 15565 and 15620
[13:14]   r m : yeah, NF upper boundary is 7902 now
[13:15]   Kathir : yeah 3 times reversed
[13:21]   Shai : 7881
[13:21]   Shai : FA at 7867 next
[13:21]   Chiranthan : NF short?
[13:22]   Shai : No don’t short here
[13:22]   Chiranthan : ok
[13:35]   Shai : It would have been better if BNF would have run down to 15525 in that spike down
[13:35]   Shai : raise sl to `15627 for any shorts still in BNF holding
[13:38]   Shai : 15550
[13:38]   Shai : 7867 FA point due below 7881
[13:39]   Shai : 15516
[13:41]   Sumit : back in IB
[13:43]   Kathir : @RM booked part @ 80
[13:43]   r m : great!
[13:46]   Shai : counter trend NF buy 7875- 7870 with sl below 7859 for 7890/ 7906
[13:48]   Chiranthan : NF is now at 7878
[13:49]   Shai : Buy only in the range
[13:49]   Chiranthan : ok
[13:49]   Shai : short objective is still at 7867
[13:49]   Shai : (13:38) Shai :7867 FA point due below 7881
[13:50]   Shai : cover BNF shorts if holding
[13:55]   Chiranthan : Buy now?
[13:56]   Shai : yes
[13:56]   Shai : enter sl in sytem as it is counter trend trade
[13:56]   Chiranthan : ok
[13:56]   Shai : 7871
[13:57]   Shai : 7867 is FA
[13:57]   Shai : evidence of buyers is there near 7872- 7877
[14:03]   Narendra : the swing call initiated at 7912. how to trade that call
[14:04]   Shai : book part here and balance at 7918 sl till next signal comes
[14:05]   Shai : the BNF orderflow short missed the servers but would have been good 🙁
[14:05]   Shai : was inititated at 15850 BNF sell on orderflow
[14:14]   Shai : NF/ BNF not out of the woods till they cross 7906/ 15640 F aug
[14:15]   Shai : on that long intra trade take profit snear 7887 and move stops to 7865
[14:16]   Kathir : @Shai 15500 pe and 15600 ce @ 120..is it worth selling both for exp
[14:16]   Shai : not till thurs- close it tom in profits
[14:16]   Kathir : ok thanks
[14:16]   Shai : thurs could be a big moving day
[14:17]   Kathir : ok
[14:18]   Kathir : thats what we want on thursday Shai 🙂
[14:19]   Shai : 🙂
[14:19]   Shai : lots of writing at 15600/ 15700 ce today
[14:22]   Narendra : sl for nifty is 7865?
[14:22]   Kathir : @Shai is there still chance for 15470 today now
[14:26]   Sumit : 7890 done. good call Shai
[14:26]   r m : yes, excellent call 🙂
[14:27]   Kathir : master call
[14:28]   Kathir : @RM one more move still?
[14:29]   Sumit : overall a small range day
[14:30]   r m : possible, still one hour left and normally last hour makes a good move
[14:30]   Kathir : ok
[14:32]   Shai : No Kathir
[14:32]   Shai : Most probabbly w ego to 16525/640 and see what happens there
[14:32]   Shai : Yes Narendra sl is 7865- hope you booked part as it was intra signal
[14:33]   Kathir : ok shai
[14:33]   Narendra : i booked full profit only as it was counter trend
[14:34]   Shai : cool
[14:34]   Shai : Yes NF not clear till it crosses 7906 min
[14:35]   Narendra : ya booked full profit as it was counter trend
[14:38]   Narendra : booked full profit as it was counter trend
[14:40]   Shai : 🙂
[14:40]   Shai : Nice
[14:41]   Shai : BNF showing buyers again
[14:42]   Shai : can do 15625 again sl of 15638 cmp 15572
[14:42]   Shai : sl 15538*
[14:43]   r m : Thanks
[14:46]   Kathir : what a call bnf
[14:47]   r m : 🙂
[14:47]   Shai : 15622
[14:47]   Kathir : excellent Shai
[14:47]   Shai : 🙂
[14:47]   Shai : see orderflow pane – was simple
[14:47]   Sumit : excellent Shai. 15623 done
[14:48]   r m : great!
[14:48]   Shai : thanks 🙂
[14:48]   Sumit : around 15540, OF turned green, and 80 pts now
[14:48]   r m : @Shai, that is the difficult part, easy to do difficult things but very tricky to do simple things 😀
[14:48]   Sumit : damn I missed it 🙁
[14:49]   Kathir : 🙂
[14:49]   Shai : Those writers at 15600 in trouble
[14:49]   Kathir : @sumit yes it was a very fast trade
[14:50]   Kathir : didnt give much time to enter
[14:50]   Sumit : 15641. wow
[14:50]   Kathir : bnf
[14:50]   Shai : (14:32) Shai :Most probabbly w ego to 16525/640 and see what happens there
[14:50]   Sumit : when i least expected it 🙁
[14:50]   Shai : still buyers
[14:51]   Shai : if we close abv 15655 we are looking at 15800 tom or thurs
[14:52]   r m : @Kathir, lock 15700CE if we close above 15655 🙂
[14:53]   Sumit : where were in Oct again 🙂
[14:57]   Kathir : @RM ge ok sir done 🙂
[14:58]   r m : 🙂
[14:58]   Kathir : @RM even now shais long call i traded 15600 ce only
[14:58]   r m : yes, me too 🙂
[14:59]   r m : BNF options are remarkably cheap in last week
[14:59]   Kathir : ok
[14:59]   Kathir : pink in bnf again
[15:00]   r m : lt us se where this pink carries BNF
[15:01]   Shai : there are big buyers at 15570
[15:01]   r m : ok
[15:01]   Kathir : @ge please check the high of 15600 ce 149 traded or not?
[15:01]   r m : sure
[15:02]   Kathir : 14:14 Shai : NF/ BNF not out of the woods till they cross 7906/ 15640 F aug
[15:03]   r m : volume 150 at 149.55
[15:03]   Kathir : time ge
[15:03]   Sumit : OF back in green in bnf
[15:03]   r m : & volume 1125 at 146.90
[15:04]   r m : 9:43:40
[15:04]   Kathir : @RM ok thanks
[15:04]   r m : when BNF touched IBH
[15:04]   r m : welcome ge 🙂
[15:04]   Kathir : ok 🙂
[15:06]   Shai : NF showing buyers
[15:06]   Shai : 7929 is ON
[15:06]   Sumit : 7906 done
[15:07]   Chiranthan : SL for NF?
[15:07]   Shai : take abv 7908 to be safe sl of 12 points
[15:07]   Shai : 7929 tgt
[15:08]   Shai : 15640- 15655 still ref areas now
[15:12]   Narendra : nifty tgt for intra
[15:12]   Kathir : 5:07 Shai : 7929 tgt
[15:13]   Shai : Time is less- avoid
[15:15]   Shai : Moving auction
[15:15]   Shai : I’m tiltes towrads the long side
[15:15]   Shai : *tilted
[15:15]   Shai : most probable we see 7940 in morning session tom
[15:18]   Kathir : @Shai if bnf closes above 15655 shall i buy some ce
[15:19]   Shai : yes Kathir can
[15:20]   Kathir : ok thanks
[15:22]   Shai : intra day buyers from 7870 now booking
[15:23]   Shai : tomorrow looks like a 7880- 7940 kind of day in range
[15:24]   Shai : BNF undecided at 15640- 15655 on direction
[15:24]   Shai : but there is 150 points either side of that 15650 level
[15:27]   Kathir : Shai any chance for gap up or down tomrw?
[15:29]   Sumit : Kathir, 15655+ now. buy 🙂
[15:29]   Shai : No Kathir not a big one
[15:30]   Shai : we should continue from here
[15:30]   Shai : 15660 close
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : Bye all- Have a nice evening
[15:30]   Sumit : good bye everyone
[15:31]   Kathir : Thanks and bye all 🙂