OrderFlow charts and Notes 27/08/14

[08:31]   Shai : GM all
[08:31]   Shai : http://vtrender.com/levels-and-plan-for-27th-aug/
[08:52]   r m : Good Morning folks!
[09:02]   Kathir : Good Morning Shai RM ge 🙂
[09:03]   r m : Hi Kathir ge 🙂
[09:12]   r m : Pre-market equivalent open should be 7935/15750
[09:14]   Shai : 🙁
[09:14]   Shai : Thought we will get a chance at that in the morning today
[09:14]   r m : yes, it is 30/120 point up in spots
[09:14]   Shai : [15:15] Shai : most probable we see 7940 in morning session tom
[09:15]   Shai : yesterday- http://vtrender.com/premium/orderflow-charts-and-notes-260814/
[09:16]   Shai : gap up open
[09:16]   Kathir : @Shai shallexit bnf ce
[09:16]   Kathir : bought yest eve
[09:17]   Shai : yes
[09:17]   Kathir : ok thanks
[09:18]   Shai : 15744/ 7939 ref levels
[09:18]   Shai : Openb could be OAOR or drive
[09:18]   Kathir : thanks for the call shai
[09:18]   r m : great call!
[09:18]   Kathir : yeah as always 🙂
[09:19]   r m : 🙂
[09:19]   Kathir : I bought around 3.29 yest 🙂
[09:19]   Shai : BNF wants to fill gap
[09:20]   Kathir : @shai any entry bnf now
[09:20]   Shai : 15640-15655 touch will be a great buy for 15870 tom
[09:20]   Kathir : ok
[09:22]   Sumit : gm Shai, rm, Kathir
[09:22]   r m : Hi Sumit
[09:23]   Kathir : Hi Sumit
[09:24]   Sumit : Kathir, how many points you made in ce
[09:24]   r m : about 25-30 I guess
[09:25]   Sumit : great. you too rm
[09:25]   Kathir : 58 to 78
[09:25]   r m : yes 58-85
[09:25]   Sumit : wow
[09:25]   Kathir : wow
[09:26]   Kathir : have to learn from RM for booking more profits 🙂
[09:26]   r m : lol
[09:26]   Kathir : patience is the key
[09:26]   r m : more often I end up losing all 🙂
[09:27]   Kathir : 🙂
[09:28]   r m : “Patience is the key” was title of a James Headley Chase thriller! Another one read “Vulture is a patient bird” 🙂
[09:28]   Shai : 🙂
[09:29]   Shai : Looks more like an OAOR centered here
[09:29]   Shai : 7940 and 15740
[09:29]   Shai : +/- 10 in nifty and maybe 30 in bnf
[09:29]   r m : @Shai, that trade above 1574 can be attempted now or should wait for IB period to finish first?
[09:29]   r m : *15744
[09:30]   r m : ok, got my answer +-30 🙂
[09:31]   Sumit : OAOR centered here implies what?
[09:31]   r m : Open auction outside range
[09:31]   r m : oscillating around Open
[09:32]   Sumit : ok. thanks rm
[09:32]   r m : welcome 🙂
[09:32]   Shai : RM best to wait out an OAOR open
[09:32]   r m : Thanks Shai
[09:32]   Chiranthan : No trades yet in either NF or BNF?
[09:33]   Shai : besides wxpiry week and the market has to remian quiet for rollovers
[09:33]   r m : yes
[09:34]   Kathir : bnf 15974-15765 very big VA
[09:35]   Shai : NF will be an aggressive short at 7940 with sl above 7953 for 7919 visit
[09:36]   r m : @Kathir, that is yesterday’s value
[09:36]   Kathir : please update todays for both
[09:37]   Kathir : pink in bnf below vwap
[09:37]   Shai : pre market hypo 1 calls for 7972 abv 7940 but no signs of new buyers yet abv 7940
[09:38]   Sumit : Shai, do u expect quite market today for rollover or good move?
[09:38]   r m : @Kathir, values in my chart is 15586-5620-15677 but it differs a lot from the MP charts here, so better to stick to MP charts values to avoid confusion
[09:38]   Kathir : Shai updated now :). thanks both
[09:39]   r m : welcome 🙂
[09:39]   Kathir : @RM not much diff..5 points bnf
[09:39]   Shai : Sumit a gap fill and then range bound I feel
[09:39]   r m : yes Kathir
[09:39]   Sumit : ok thanks
[09:49]   Kathir : @Shai previously we had a support near 15690 bnf..will it work today?
[09:53]   r m : 693 is PDH too, may give some support
[09:54]   Shai : possible Kathir based on gap fil and pdh
[09:55]   Kathir : ok
[09:55]   Shai : Unless we get a drive chances of a gap fill even in an OAOR are greater than 80%
[09:55]   Shai : hence NF short idea
[09:56]   Shai : My preferred view for expiry now is that if 7901 holds today we should expire near 7980/ 8007
[09:56]   Kathir : @RM yest i took canbank 400 ce it was just 0.60 pise yest..today 4 high :(..i thought it will be usefull for expiry
[09:57]   Sumit : 8 times profit…. congrats Kathir
[09:57]   Kathir : but i didnt trade sumit . i took that for expiry day trade 🙂
[09:57]   Sumit : so more than 8 times by then:)
[09:58]   r m : ok, that explains the 🙁
[09:58]   Kathir : lol
[09:59]   Kathir : actually what happenned yest was bnf went low canbank cut high 🙂
[10:01]   r m : ok – hidden news indicator 🙂
[10:01]   Sumit : Kathir, what else u r tracking. I will add that to my list
[10:03]   Kathir : INFY MCDOWELLS AUROBINDOPHARMA
[10:03]   Kathir : Sumit please make sure that you dont scold me after 3.30 pm tommorrow
[10:04]   Sumit : I won’t 🙂
[10:04]   Kathir : thanks 🙂
[10:05]   r m : @Kathir, a pair of earplugs – dark glasses for screenbased scolding, is the best insurance against scolding 🙂
[10:05]   Sumit : Kathir, nearest strike price ITM options for all?
[10:06]   Kathir : 🙂 ge
[10:07]   Kathir : Sumit nearest options will be costly..our aim is to buy lotteries only
[10:08]   Sumit : 🙂
[10:09]   Kathir : we will decide eve sumit
[10:09]   Sumit : thanks Kathir
[10:09]   Kathir : have to watch what bnf does toaday.I wish it should be calm..then only we get a chance tmrw 🙂
[10:10]   Sumit : yes. so far it looks quite
[10:10]   Kathir : Shai has mentioned bnf close above 15650 is the key for tmrw
[10:10]   Kathir : welcome 🙂
[10:12]   Shai : Kathir you are right above 15690- it was th high even last thurs before BNf went to 880
[10:12]   Shai : and high yesterday too
[10:13]   Amit J : @shai – Banknifty again at election day high, whats your view
[10:14]   Shai : Amit tom is expiry+ month closing- think we should close near or abv 15870 spot
[10:15]   Shai : regarding view froim there have to wait out sept 2- 3days
[10:16]   Amit J : thanks
[10:17]   Shai : I’m a big believer in inventories being managed at expiries and month ends so whatever my view I prefer to reassess around monthend/ start again
[10:18]   Kathir : ok shai
[10:27]   Kathir : @sumit do you trade with zerodha
[10:33]   Sumit : sorry, was not on desk.
[10:33]   Sumit : no Kathir
[10:34]   Sumit : but planning to. heard all good reviews
[10:34]   Kathir : ok,,because if to trade options it is best
[10:35]   Kathir : i mean for big volumes
[10:35]   Sumit : yes
[10:39]   Kathir : normally in settlement days it will be very usefull..i will buy 10000 @ 2 rs and exit @ 2.30 like that
[10:39]   Kathir : ofcourse have to be very fast and carefull
[10:40]   Kathir : only 80 or 100 rs will go as brokerge
[10:40]   Sumit : i m a very small trader.
[10:40]   Sumit : hopefully will hv the account by next expiry 🙂
[10:41]   Kathir : Sumit i just said an example 🙂
[10:41]   Kathir : now canbank support @ 388
[10:41]   Sumit : i know. small brokerage always help in options
[10:43]   Kathir : yes
[10:44]   Shai : IB is 28 points
[10:44]   Shai : aqll in first 5 mins
[10:45]   Shai : confirmed OAOR- (09:29) Shai :Looks more like an OAOR centered here
[10:45]   Kathir : @Shai big B and S near 15720 bnf
[10:46]   Amit J : gap not filled in Banknifty spot
[10:46]   Amit J : and nifty
[10:47]   r m : BN spot has touched PDH
[10:48]   r m : almost!
[10:50]   r m : 13 points shortfall still left!
[10:50]   Kathir : NF 7900 pe huge volumes
[10:52]   r m : it should reach 17 if PDH is touched today
[10:52]   Shai : IT at day highs
[10:52]   Shai : BN at day lows!!
[10:54]   Amit J : but 15800 call didnt make news low yet
[10:57]   Amit J : i bought 15800 call with 23.8 sl
[10:58]   Shai : nice one!
[10:59]   Shai : buyers active below 680- rather no new selelrs below IB
[11:14]   Amit J : seee todays low in 15800 🙂
[11:14]   Amit J : sl saved by 5 paise
[11:15]   r m : 🙂
[11:19]   Kathir : great amit..nice one
[11:20]   Amit J : it was lucky.
[11:21]   Kathir : @RM any views from FII data
[11:24]   r m : it was contradictory yesterday, long index futures added while short covered, but long index CE & short index PE covered too
[11:25]   Kathir : oh thanks ge
[11:25]   r m : welcome
[12:00]   Shai : OAOR opens give a big move in afternoon sessions mostly
[12:01]   Shai : gap fill is not come about in NF still
[12:04]   Shai : exit NF shorts taken near 7940
[12:09]   Shai : buyers seen entering in NF
[12:50]   Shai : Keep NF buy abv 7945, sl 7930, tgt 7972
[13:03]   Amit J : so many buyers in current nifty and sellers in next. Also price managing below vwap, does that mean short roll.
[13:32]   Shai : yes but can’t take it as a generalisation for entire market rollover
[13:32]   Shai : so far from thsi morning shorts rolled into sept
[13:33]   Shai : buy yesterday’s sept nifty had buyers
[13:33]   Shai : *but
[13:36]   Shai : Options OI change- http://screencast.com/t/LZPrOVXgD
[13:36]   Shai : 7900 pe and 8000 ce making merry
[14:04]   Kathir : 12:50 Shai : Keep NF buy abv 7945, sl 7930, tgt 7972
[14:05]   Kathir : @Shai this call still alive
[14:05]   Shai : yes
[14:05]   Shai : upto the market to give it life
[14:06]   Shai : NF looks ready for 7972
[14:06]   Kathir : ok thanks
[14:06]   Shai : only the OAOR is making us keep a long trigger above
[14:10]   r m : @Kathir, 7900CE should reach 73 at 772
[14:10]   r m : *7972
[14:14]   Kathir : @RM ok thanks ..even i am planning for that only 🙂
[14:14]   r m : 🙂
[14:15]   r m : calculator says 51 at 7946, 38 at sl 7930
[14:15]   Kathir : wise men think alike
[14:15]   Kathir : ok
[14:15]   r m : though at 7972 it should be a bit higher than 73, entire premium can’t vanish
[14:16]   Kathir : 73 is enough 🙂
[14:16]   r m : 🙂
[14:17]   r m : 7900CE makes future trading cheap today, at least for longs 🙂
[14:18]   Kathir : the pair 55 from 65 yest
[14:18]   r m : ok
[14:18]   r m : so you are making money with both hands 🙂
[14:20]   Kathir : :)shai tols to exit today ..so waiting ge
[14:20]   Kathir : told
[14:21]   r m : guess above 7945 should be a trigger to exit that too!
[14:22]   Kathir : ok then i wil exit now with +10
[14:23]   r m : just applying logic, 7900PE will not come down at the same rate as 7900CE will go up
[14:23]   Kathir : ok
[14:25]   Kathir : so my Sl is 45 now..done
[14:26]   r m : 🙂
[14:33]   Kathir : @RM exited 53 ..thanks
[14:34]   r m : welcome Sir, i have got a pair of dark glasses to avoid scloding if it goes to 45 today 🙂
[14:34]   r m : *scolding
[14:36]   Kathir : 🙂 no scolding..you can transfer the balance amount to my account
[14:37]   r m : lol
[14:39]   Kathir : nf went to 45 and returned
[14:40]   Sumit : 15 point range since long
[14:40]   Sumit : Kathir, market is quite today… your wish coming true 🙂
[14:41]   r m : @Sumit, Kathier needs a quiet market to study all those lottery options for tomorrow 🙂
[14:41]   Sumit : 🙂 fireworks tomorrow
[14:42]   Kathir : 🙂 quiet market for nf bnf options
[14:42]   Kathir : other scripts no issues
[14:44]   r m : yeah, other are going yo-yo 🙂
[14:45]   r m : where are my dark glasses, Kathir’s pair came down to 46 🙂
[14:46]   Kathir : i will send u the account number 🙂
[14:47]   Shai : gap closed?
[14:47]   r m : yes
[14:48]   r m : @Kathir, hope you don’t have my email address 😀
[14:48]   Shai : 10 point trade 7924 to 7936
[14:48]   Shai : sl 7917
[14:48]   Shai : buyer at 7919
[14:50]   Sumit : bought now
[14:52]   Shai : 🙂
[14:53]   Shai : the best trades are when it comes below that vwap band and goes inside back
[14:54]   Shai : besides the day is rotational and close at vwap is apt
[14:56]   Kathir : @RM then the only option for me is to scold 🙂
[14:56]   r m : I just donned my dark glasses just to avoid that 🙂
[14:57]   Kathir : ok this time forgive you
[14:57]   r m : thanks buddy, be ready for bigger losses next time 🙂
[14:58]   Shai : stop taken
[14:58]   Sumit : sl hit
[14:58]   Sumit : 3 points
[14:58]   Kathir : @Shai for me this is a success trade ..900 ce 31 – 33.2
[14:59]   Shai : Nice Kathir
[15:00]   Kathir : @RM ok but you are right with the SL..i didnt follow that actually 🙂
[15:00]   r m : 🙂
[15:01]   r m : @Shai, BNF still aove 15640 and that 15800CE is at a mouth watering price of 17 bucks, any chances of that 15878 still coming tomorrow? 🙂
[15:02]   Kathir : BNF discount ?
[15:02]   Shai : Yes BNF looks good to expire higher
[15:02]   r m : ok, thanks
[15:03]   Kathir : @RM in this case it is better to buy tomorrow
[15:03]   Shai : I got myself a 7900 ce also
[15:03]   Shai : will hold
[15:03]   r m : ok
[15:03]   r m : Thanks Kathir
[15:04]   Kathir : @RM but now ur CE is 22..i am searching for the glasses now 🙂
[15:04]   Shai : that buyer is there at VAH
[15:04]   Shai : again defended lower
[15:05]   r m : @Kathir 🙂
[15:06]   Kathir : @RM my view was if market opens flat and stays for while then we can buy the CE with apt SL
[15:06]   Kathir : i mean tomrw
[15:07]   r m : yes, that makes sense, it will only decay overnight
[15:07]   Kathir : yeah but if gap up open then no chance for entry
[15:07]   r m : yep, then we can watch wistfully 🙂
[15:08]   Kathir : 🙂
[15:16]   Shai : back to vwap
[15:18]   Kathir : @RM whats that bad news for DLF
[15:18]   r m : didn’t know about it, let me check
[15:19]   Kathir : ok
[15:19]   r m : SC directs DLF to submit penalty of 630 crore
[15:19]   r m : in 3 months
[15:20]   Kathir : what for penalty?
[15:20]   r m : Perhaps they can convert Tihar into a guest house now with all real estate crooks lined up 🙂
[15:20]   r m : https://www.google.co.in/search?q=dlf&oq=dlf+&aqs=chrome..69i57j0l5.3577j0j7&sourceid=chrome&es_sm=122&ie=UTF-8
[15:20]   r m : oops
[15:20]   r m : http://www.moneycontrol.com/news/business/supreme-court-directs-dlf-to-submit-penaltyrs-630cr_1165071.html
[15:21]   Sumit : failing on fair trade norms and abusing dominant position
[15:21]   Kathir : @RM thanks
[15:22]   r m : it is a Competition Commision order now approved by SC too
[15:22]   Shai : heavy sellers in NF at close
[15:23]   Sumit : but price stagnant
[15:23]   Shai : could be intra dayers
[15:23]   Sumit : roll over?
[15:23]   Shai : could be
[15:23]   Sumit : buying in Sept
[15:23]   Shai : Price loves vwap/dpoc on such days to sleep overnight
[15:24]   Sumit : check sept. lot of blues
[15:24]   Shai : (14:54) Shai :besides the day is rotational and close at vwap is apt
[15:24]   r m : balanced profile in BNF today
[15:27]   Shai : FA at 7911
[15:29]   Shai : Rm got that 15800?
[15:30]   Shai : 27 to 47(15:03) Shai :I got myself a 7900 ce also
[15:30]   r m : no, i dropped the idea
[15:30]   r m : yeah, good one
[15:30]   Sumit : good bye everyone
[15:30]   Shai : Futures execution missed by few points
[15:30]   Shai : else plan was right
[15:31]   r m : yes
[15:31]   Shai : Bye all
[15:31]   Shai : Have a nice eve
[15:31]   r m : Thanks and bye folks, have a great evening 🙂
[15:31]   Kathir : Thanks and bye all 🙂