Orderflow charts and Notes 27/01

[08:44]   r m : Good Morning folks!
[08:44]   r m : http://vtrender.com/premium/the-new-footprint-in-the-trading-room/
[08:45]   r m : http://vtrender.com/levels-and-plan-for-27th-jan/
[08:45]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-230115/
[08:45]   Porus : GM all
[08:46]   r m : NF Hypo1 above 8875➜8940 and above 8942➜9005 SL 8855 Hypo2 below 8854➜8827➜8810 SL 8875 JAN Future levels
[08:46]   r m : BNF Hypo1 above 20188➜20370 SL 20109 Hypo2 below 20094➜20007➜19830 SL 20188 JAN Future levels
[08:59]   Tejpreet : Gm everyone.
[09:00]   Rahul G : Hello all GM
[09:01]   Rahul G : wish you all a very happy republic day
[09:02]   r m : Thanks Rahul, saw the parade on TV after a long long time 🙂
[09:03]   Rahul G : haha same here was a good display of russian tanks in front of US president 🙂
[09:04]   Shai : Gm all
[09:04]   Rahul G : gm shai
[09:04]   r m : read a tweet that Obama must have felt nostalgic because he must have seen the machinery on display when he was 2 years old 🙂
[09:12]   Tejpreet : Which is the best way to see the shared screen…….any specific browser or resolution.
[09:14]   Shai : Kept ref lines for this open at pdh and just below vah in the hypos
[09:14]   Shai : for the Nifty
[09:14]   Shai : 8875 and 8854
[09:15]   Shai : If auction goes above pdh we are looking at levels of 8910/ 8940
[09:18]   RK : GM Shai,RM and friends
[09:20]   r m : Hi RK
[09:30]   Shai : OOPen seeing buyers at lows
[09:35]   Shai : Morning seller operating at 8865
[09:35]   Shai : hypo 2 can be taken below vwap now with sl f 8875
[09:41]   Shai : quite OAIR
[09:41]   Shai : we are seeing an auction near prev vah after many days
[09:42]   Rahul G : shai is 8860 he VAH
[09:42]   r m : I think yes
[09:44]   Shai : yes 8855- 8860
[09:45]   Rahul G : shai taken hypo 2 at 52 will keep 7 as Sl for the day
[09:49]   Shai : looking like a quiet session
[09:49]   Shai : should be patient wth intra positins today
[09:52]   Varun : huge buying near value area high but prices not going up, is it a sign of absorbtion @shai?
[09:53]   Shai : open auction
[09:54]   Shai : more likely to see a rotation today
[09:55]   Shai : yes buy buying coming just now at 8855
[09:55]   Rav : 8800CE bought again at 80 after disposing fridays position of 85 at 115.8800pe is again written
[09:58]   Rav : NF Rollover is seen at 26% at 63 premium
[09:59]   r m : @Rav, Thanks, how do you manage stops? I mean do you consider spot levels for stops or PCR or a combination?
[10:00]   Rav : sl today 76 being 27th and friday at 70
[10:00]   r m : OK, thanks
[10:03]   Rav : 8800-9000 SBU fpr both pe and ce are going on heavily.
[10:04]   Shai : lots of buyers seen from 9.40 in NF
[10:04]   Shai : keep sl above 8875 in NF short
[10:05]   Shai : if it does not break above 8875 then the auction shuld make one more attempt to test 8850 region and below
[10:11]   Tejpreet : @Rav how do we know whether option is being written or brought.
[10:13]   Rav : bsed on LBU SBU, COI Volume
[10:13]   Rav : long builtup change ins oi
[10:18]   Tejpreet : Currently 8800 pe shows change in OI at 4.31% in 15 min interval with 19% vol increase but reduction in price
[10:18]   Tejpreet : so does it mean 8800 put is being written
[10:19]   Rav : yes
[10:19]   Rav : hence nifty is up
[10:19]   Rahul G : shai the greeen and pink move is going to be very slow with this setup now
[10:19]   Rahul G : I feel in the last setup we could have had a green pink once
[10:20]   Tejpreet : Thanks Rav.
[10:27]   Varun : @shai any keen takeaways on how to read the foot print chart, any good indicators to spot
[10:32]   Shai : No Rahul- It is the same- it will respond to the price action on screen
[10:33]   Shai : see the buy vlume was not supportive of a pink from 9.40
[10:34]   Shai : Varun- Look for green at the bottom of a bar and red at the top of the bar to spt buyers and sellers
[10:34]   Shai : mostly a red at top is aggressive selling
[10:35]   Varun : we had one 61000 odd red and mrt tanked 8 points in few seconds
[10:36]   Varun : this 42950 is an agres selr ?
[10:38]   Shai : 42950?
[10:38]   Varun : 10.20 bar
[10:39]   Shai : yes
[10:39]   Varun : and how to read delta below these bars
[10:39]   Varun : 5 min delta
[10:39]   Shai : red is more sellers and green more buyers
[10:40]   Shai : net of all volume of that bar
[10:40]   Varun : so if at vah a red bar develops, will it be considered sellers enter
[10:40]   Shai : Now when you see that 10.15 and 10.20 Nifty bar you see the seller at 13850 and 42950
[10:40]   Varun : yup
[10:41]   Shai : 42950 being bigger than 13850 shows tha he is interested in holding that position up
[10:41]   Shai : now if we go up again and do not see a higher print than 42950 up there at 8870 then we know that buyers are working to neutralise him
[10:42]   Varun : k
[10:42]   Tejpreet : @Shai can we have a webinar or online tutorial ….i will be frank in saying that despite reading the material am still understanding just 30 % of the info being shared on the screen.
[10:42]   Rahul G : shai can we have a different background for IB since all the other signal are not so prominent in this Ib color
[10:43]   Shai : Sure we will do That Tejpreet
[10:43]   Tejpreet : Thanks.
[10:43]   Shai : ok Rahul
[10:44]   Shai : will try to experiment with a few diff colors at close
[10:44]   Shai : you mean the green of the OF is clashing with the green of the volume?
[10:46]   Shai : Just to follow up on that 10.41 comment- now again we see as we apprach vwap the seller is not adding aggressively
[10:46]   Shai : or you can say buyers are coming back
[10:46]   Shai : so the market remains in a range
[10:53]   Shai : BNF seeling aggressive buying
[10:53]   Shai : as we move away from IB the market comes in the hold of intra dayers
[10:54]   Rahul G : shai in all the 5 min bar thr is purple line does tht indicate something like th one at 3050*3500
[10:54]   Shai : and chunk of volumes coming togther at intra day are generally when some brokerages or some 1 suggests a buy NF/ buy BNF etc
[10:55]   Shai : that is the highest volume in that bar , Rahul
[10:55]   Shai : Buyers are showing an interest to defend vwap in NF
[10:56]   Tejpreet : How can you view both bnf and nf chart together on your screen.
[10:57]   Rav : have 22 inch widescreen monitor with samll fonts
[10:58]   Rav : can view trading platform, charts, vtrender together
[10:58]   Tejpreet : O k am on a laptop ….will reduc fonts and try.
[11:00]   Rav : in notebook,have to scroll down based on movement periodically
[11:00]   Shai : One way would be to keep both scroll bars of omnovia at center
[11:01]   Shai : Cut down on that NF short of hypo2 and stay flat in NF
[11:02]   r m : @Rav, you seem to be working with 1920 X 1200 resolution?
[11:02]   Shai : BNF is a buy abv 20250 with vwap sl for 20350/ 20370
[11:04]   Tejpreet : Changed projection setting by clicking keep to fit off and then full screen , can view all six charts , small but data readable.
[11:08]   Rav : full hd rm
[11:18]   r m : OK
[11:19]   RK : Shai any short opportunity in Tata steel?
[11:27]   Shai : Not really weakness below 393.7 only
[11:28]   RK : ok..thanks
[11:29]   Shai : NF still at vwap/ dpoc
[11:30]   RK : but the volumes are very good here since morning
[11:31]   RK : in BNF, VWAP is not shown in the chart
[11:41]   Shai : 20210
[11:42]   Shai : sl for BNF lng to 20350 is 20180
[11:42]   RK : thanks
[11:43]   RK : Yes hypo level
[11:45]   Shai : Suggesting aggressive counter buy in NF with sl of 8840 for 8875
[11:45]   Shai : sl of 8837 **
[11:46]   Shai : auction played out the look below 8850 and not getting new sellers
[11:46]   Shai : (10:05) Shai :if it does not break above 8875 then the auction shuld make one more attempt to test 8850 region and below
[11:47]   Rahul G : PSU bank down
[11:53]   Shai : some longs coming off at vwap in BNF’
[11:55]   Shai : Is Obama leaving already?
[11:55]   Shai : 🙂
[11:55]   r m : 🙂
[12:40]   Shai : BNF barely holding the stop
[12:40]   Shai : needs to cross abv 20270 quickly
[12:48]   r m : charts gone
[12:48]   Rahul G : shai have charts gone missing kya?
[12:48]   Rahul G : 🙂 rm
[12:49]   Shai : up?
[12:49]   Rahul G : yup
[12:49]   r m : yes
[12:51]   Shai : ok thanks
[13:05]   Varun : profile chrts not visible
[13:08]   Shai : 20255
[13:19]   Shai : 20270 again a seller
[13:19]   Shai : need buyers to pick up here
[13:20]   Shai : as long as 20240 holds now, buyers will feel confident
[13:21]   Shai : suggest trailing BNF to 12230
[13:22]   Varun : ib high in bnf shld not break
[13:23]   Varun : is volume hpning abv ib high @shai
[13:26]   Shai : not much
[13:26]   Shai : yes below IBH that trip to 350 will not ahppen today
[13:26]   Varun : thts nt good
[13:27]   Varun : but spending good time abv ib high, rejection shld be swift, only positive
[13:27]   Shai : 8867 hit on the rebound trade- (11:45) Shai :Suggesting aggressive counter buy in NF with sl of 8840 for 8875
[13:27]   Shai : still the same auction in NF
[13:28]   Shai : BNF has a chance though to continue upwards
[13:34]   r m : 8875
[13:36]   Shai : need to see buyers
[13:36]   Shai : not many
[13:36]   Shai : quick way to know is to watch the delta pane below
[13:37]   RK : coloured bars Shai?
[13:37]   Shai : as also on the extreme left
[13:37]   Varun : 5 min or the othr one
[13:37]   Shai : 5 min
[13:37]   Shai : when it is attempted a breakout it should be green
[13:37]   RK : yes
[13:37]   Varun : it ws green only
[13:38]   Varun : if this developing red become green thn more positive ?
[13:38]   Shai : yes it was but they chose to cover instead of adding
[13:38]   Varun : hw do we know tht
[13:38]   Shai : still time though
[13:39]   Varun : cos the next one is red ?
[13:39]   Shai : 8865 should hold to get new buyers
[13:39]   Shai : yes the previous green and the current red
[13:39]   Shai : ideally current red should have been bigger green
[13:40]   Shai : but still the buyer has time as long as 8865 holds
[13:40]   Varun : ok thnks
[13:40]   Shai : see on extreme lft at 8865 there are 2 heavy green bars of 119 k each
[13:40]   Varun : will note it for future
[13:41]   Varun : whch onmes
[13:41]   Rav : inly now could enter into vtrender
[13:41]   Rav : only
[13:41]   Shai : ?
[13:41]   Varun : 119 k nt mentioned anywhere
[13:41]   Rav : NF SC . 50% rollover
[13:42]   RK : Varun its Delta table next to Chat box
[13:42]   Shai : next to the 8865 horiz on the left
[13:43]   Shai : still waiting on BNF to take out that 20270 seller
[13:44]   Varun : ya saw a green at extreme bottom left
[13:57]   Shai : almost an inside day in NF
[13:57]   Shai : No big activity at extremes today
[13:57]   Shai : should close at vwap/ dpoc
[14:16]   Shai : bnf
[14:18]   RK : lovely 🙂
[14:19]   Shai : huge volume
[14:19]   Shai : seller tried again and forced to cover
[14:19]   Shai : could come back down to 12290
[14:21]   Shai : NF seeing buyers
[14:25]   Shai : that seller is now trapped in BNF
[14:25]   Shai : 20320
[14:28]   Shai : 20500 ce was at 30 now 79
[14:28]   Shai : NF can do 8902
[14:30]   Tejpreet : Good counter trade in Nifty for 35 points.Lot of seller in Nf better to be out or hold.
[14:34]   Rav : 8888
[14:34]   Rav : rm
[14:36]   Rav : 8800ce at 107
[14:37]   r m : yes Rav!
[14:37]   r m : it went below your stop at 76 though?
[14:38]   Shai : 8901- (14:28) Shai :NF can do 8902
[14:38]   r m : 2IB
[14:38]   Shai : yes 2IB bnf 3IB
[14:40]   Rav : no sl since 8800pe was written rm
[14:40]   r m : ok, good!
[14:41]   Shai : BNF on fire
[14:41]   RK : BNF
[14:41]   RK : 🙂
[14:41]   Shai : can it do 20550?
[14:41]   Rav : 2000ce holding
[14:42]   Tejpreet : @Rav how about writing 8900 call from 45 till 60 avg.
[14:42]   Rav : next stop is 20500 spot
[14:42]   Tejpreet : sl at 70 for 8900 ce.
[14:42]   RK : 1000 point run from rate cut gap up 🙂
[14:42]   RK : and NF 500
[14:43]   Rav : 8900ce sbu but soon will come under sc.better avod selling and rather buying is preferred since it is close to atm
[14:46]   Shai : 20550 possible at close or tom open if 20370 holds
[14:46]   Shai : thse shorts will feel the heat
[14:46]   RK : RM, thinking about buying 9000 CE at 9 🙂
[14:46]   RK : for JAN
[14:47]   r m : @RK 🙂
[14:47]   Rav : 5.3
[14:48]   Rav : 20000ce booked
[14:49]   Shai : 20519
[14:49]   r m : Congrats Rav, you are a marathon runner!
[14:50]   Rav : last friday positions
[14:50]   RK : fresh round of buying by biggies?
[14:50]   Rav : 8800ce pe booked. switching to 8900
[14:53]   Shai : coud be RK
[14:55]   Rav : 8900ce LBU started
[14:56]   Shai : 77 bucks at 8900
[14:56]   Shai : good premium for 2 days
[14:57]   Shai : 20539
[14:57]   Rav : 46.5 shai for 8900ce
[14:58]   Shai : ok
[14:58]   Rav : 77? target or
[14:58]   Shai : strike is 83 now
[15:02]   Shai : came at close today- bull is ina hurry : (14:46) Shai :20550 possible at close or tom open if 20370 holds
[15:04]   r m : Global markets not in sync
[15:04]   RK : Yes
[15:04]   Rav : 8900ce booked at 56
[15:04]   Shai : where’s Obama now?
[15:05]   Rav : Gulf
[15:05]   Shai : reached
[15:05]   RK : taking BNF and NF with him it seems on flight
[15:05]   r m : must be asking new Saudi King about his crude policies!
[15:07]   Rav : still NF is in SC mode but feb 258% oi change with 322% volume
[15:07]   RK : that’s fat move in BNF without any news/event
[15:07]   Rav : bnf staedy LBU
[15:07]   Shai : this move in BNF should be on FEB contract
[15:08]   Rav : call writers are always caught in bn rk
[15:08]   Shai : tom we will have both contracts side by side
[15:08]   RK : true Rav
[15:08]   Rav : booked bnf at 20585
[15:09]   Shai : NF needs a 10 point push
[15:10]   r m : NF at 3IB, BNF nearing 5IB 🙂
[15:11]   Rav : 10.15 lacs 9000 ce writers must surrender now
[15:11]   RK : 18 RM )..but only watching..(14:46) RK :RM, thinking about buying 9000 CE at 9 🙂
[15:11]   RK : in just 20 mins
[15:12]   r m : @RK, yeah, hope you bought some!
[15:12]   RK : only watching 🙂
[15:12]   r m : eye tonic!
[15:13]   Rav : it is OTM and have 2 days left
[15:13]   r m : @RK you kept such a strick watch on TCS that it literally froze near 2500 🙂
[15:13]   r m : *strict
[15:14]   RK : RM yes..it’s staggering at me since morning :)))
[15:14]   r m : lol
[15:15]   RK : RM where is MO now?
[15:15]   r m : PCR is above 2 nw
[15:15]   r m : @RK, it was negative on Friday
[15:15]   r m : in no man’s land 🙂
[15:15]   RK : great 🙂
[15:15]   Amit J : negative today also
[15:15]   r m : broader market not gungho about Obama 🙂
[15:16]   RK : all time high, MO at no man’s land and Obama left..nice combo for action packed expiry 🙂
[15:17]   Rav : 8800 is 1.7 and 8900 is 0.5 and hence 8933 spot is under check
[15:17]   r m : @RK, if FII decide to book profits in Longs then PE writers could look forward to a big funeral 🙂
[15:18]   Rav : they made upto 8800 single digit already
[15:18]   r m : yes
[15:18]   RK : lets see
[15:19]   Rav : nf 60% rollover
[15:26]   Shai : most of that BNF move from 20370 to 20650 did not make sense
[15:27]   Shai : 9005 possible in NF if we cross 8940 tom
[15:28]   Shai : esle back to 8875 to repair the structure
[15:28]   r m : 8900CE OI reduced by 8 lakh in last hour
[15:29]   Rav : many booked quickly for 10-12 bucks from 44-56
[15:29]   Shai : any news from SEBI came up that 28th Feb is not a trading day?
[15:30]   r m : nothing so far
[15:30]   Shai : Looks like NSE is not getting it’s wish for the market to be open on budget day
[15:31]   Shai : 8917/ 20575
[15:31]   Shai : BYe all
[15:31]   Shai : Have a nice evening
[15:31]   r m : Thanks and bye folks, have a great evening