OrderFlow charts and Notes 28 May

[08:45]   Hemant : GM RM
[08:45]   r m : Good Morning folks!
[08:45]   r m : Hi Hemant
[08:45]   r m : http://vtrender.com/levels-and-plan-for-28th-may/
[08:45]   Hemant : Hows it going ?
[08:45]   Ashish : GM guys..
[08:45]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-270515/
[08:45]   Hemant : GM folks
[08:46]   Sudhakar : GM All
[08:46]   r m : @Hemant, did a 5 km morning walk, went fine 🙂
[08:46]   r m : Nifty MAY Future levels| Key Reference Area 8370| Hypo1 above 8370➜8394➜8413 SL 8340| Hypo2 below 8315➜8290➜8255 SL 8357
[08:46]   r m : Banknifty MAY Future levels| KRA 18410| Hypo1 above 18480➜18570➜18635 SL 18410| Hypo2 below 18410➜18300➜18195 SL 18490
[08:48]   Hemant : Great start to the day RM 🙂
[08:48]   r m : yeah!
[08:51]   Shai : GM all
[08:53]   Hemant : GM Shai
[08:55]   Hemant : The buzz around a rate cut.. and Greece drama somewhat looks sorted temporarily
[09:00]   Shai : yes
[09:00]   Shai : the rate cut was expected last policy frankly
[09:00]   Shai : but too risky to run ahead of RR
[09:01]   Shai : he plays by his own bear
[09:01]   Shai : beat**
[09:01]   Naveen : Gm Shai..
[09:01]   Hemant : Absolutely, and from what people close to Rajan believe is rate cut wont happen.. and when it happens could only be a surprise
[09:02]   Tejpreet : GM All.
[09:02]   Shai : GM Naveen- Welcome aboard!
[09:04]   RK : GM Shai,RM and all..room is active early today..expiry warmup 🙂
[09:05]   r m : Hi RK 🙂
[09:05]   r m : Expiry King (Kathir) yet to turn up 🙂
[09:05]   RK : I think he and Tejpreet finished some business yesterday itself 🙂
[09:05]   Venkatesan : gm shai, rm and friends
[09:06]   r m : Hi Venkatesan
[09:06]   r m : @RK 🙂
[09:07]   Tejpreet : RK 🙂
[09:12]   Pawandeep : Good Morning Shai,rm & Friends
[09:12]   Sumit : GM everyone
[09:14]   Sumit : @Shai, twitter handle: sam2delhi
[09:15]   Moses : GM All
[09:16]   Shai : Sumit send a follow request to @v2Of
[09:17]   Sumit : I am already following Vtrender and AM_Shai
[09:17]   Sumit : though not very active on twitter 🙂
[09:18]   Shai : Follow @V2OF for system alerts also
[09:18]   Sumit : ok 🙂
[09:18]   Shai : 18640 early morning res in BNF
[09:18]   Shai : but not really weak till above 18580
[09:18]   r m : Hi Pawandeep
[09:19]   Shai : 8370 kra and ref area in NF
[09:20]   Tejpreet : Shai is 8400 put a buy around 8370 with tight SL of 5 points.
[09:21]   Shai : yes
[09:21]   Shai : keep the sl in
[09:21]   Shai : as move abv couldboom up
[09:21]   Tejpreet : Yes Bracket order is the best way.
[09:24]   Shai : NF no big weakness on intra till 8309 breaks
[09:26]   Tejpreet : Surprisingly 8300 call trading same as spot price not much premium despite full trading still left 🙂
[09:27]   Shai : Sell BNF below 18575 sl of 18625 tgt 18510
[09:27]   Naveen : shai, 18640 was helpul to make a scalp trade…’
[09:27]   Shai : 🙂
[09:29]   Hemant : Shai where can bn 18500 PE go to?
[09:30]   Hemant : Currently at 34
[09:30]   Shai : Hemant I dont have BN options charted but real move is below VAH 18510
[09:31]   Hemant : Got it Shai, Ty
[09:31]   Shai : 18415 will support all downsides if any
[09:31]   Shai : just near POC
[09:35]   Sharad : GM all
[09:42]   Ashish : Adani Ent. gone 🙂
[09:43]   Tejpreet : Adani resisted break of shai lvl 770 for past 3 days …and on expiry day goes bust .
[09:44]   Hemant : Shai, is BN looking week now that it is below 18580?
[09:45]   Hemant : weak*
[09:47]   Shai : yes slightly
[09:49]   Shai : besides vwap of the open is also broken
[09:49]   Shai : we will not do a lot of intra day trades today
[09:49]   Hemant : Great
[09:49]   Shai : Mkt will get now taken over by otion players
[09:50]   Shai : option*
[09:50]   RK : Yes only powerplay in last hour 🙂
[09:50]   Shai : all positional alerts out today will be June F
[09:50]   Porus : Shai, We’ll just look for that lottery 🙂
[09:51]   Shai : My view was a 8300- 8375 kind on range in spot yesterday at clse
[09:51]   Shai : this open does not change any of that
[09:51]   Shai : looking for an expiry at 8355
[09:52]   Shai : if we break 8300 then buy 8300 put for 8260 expiry
[09:58]   Shai : Raie sl to 18645 on the BNF trade- we will hold it for smae tgt
[09:58]   Shai : raise*
[10:04]   Tejpreet : Shai views on Axis bank …positional trades in June …seems to have build base around 560.
[10:07]   Shai : yes you have that spot on 555 is a support through June
[10:07]   Shai : But overhead 606 is still supply
[10:07]   Shai : and has to be taken out in June for a fresh move upwards
[10:09]   Shai : abv 606 is 633 and 649 for the month
[10:09]   Tejpreet : Thanks …best would be to sell puts on decline.
[10:19]   Hemant : Shai, where could BN close?
[10:21]   Shai : BN spot either 18450 or here at 18580
[10:23]   r m : @Shai, what is the view for BANKINDIA if it breaks 198?
[10:24]   Shai : 195
[10:24]   r m : Thanks
[10:27]   Shai : Book 50% BNF nd raise tsl to 18585 on rest
[10:28]   Shai : we will close balamce near 18430 yesterday Pull back low
[10:29]   Shai : if sl prevails that is
[10:31]   Shai : Early morn res played out – (09:18) Shai :18640 early morning res in BNF
[10:32]   Shai : Now weak below 18580 all day
[10:32]   Hemant : I suppose can go short on BN18600 CE here.
[10:39]   Shai : short better if 18500 goes
[10:41]   Kathir : GM Shai RM and all friends
[10:43]   r m : Hi Kathir
[10:46]   Shai : That vah has to break down hemant t rule out upside efforts
[10:48]   Hemant : Ty Shai, as Tejpreet put it yesterday, there must be a lottery trade somewhere around the corner today
[10:49]   Hemant : 🙂
[10:53]   Tejpreet : Hemant currently lottery one looks to be 8400 call at 3.
[10:54]   Hemant : Ty Tejpreet
[10:55]   Hemant : Would’nt 8200 PE qualify as a lottery too?
[10:56]   r m : value of 8200 will be zero even after 135 point fall whereas 8400 value will be positive on +65 points from here
[10:57]   Pawandeep : Adani Enter Update: Adani enterprise fell near 9 percent as part of expiry settlement of demerger process, as Adani is valued at 712 on Book value bases.The company has fixed June 04, 2015 as the record date for the purpose of scheme of arrangement & demerger
[10:57]   Hemant : How does that work out RM?
[10:58]   r m : 8200PE intrinsic value is zero till 8200 spot
[10:58]   r m : 8400CE intrinsic value is zero till 8400 spot
[10:58]   Hemant : Ty RM, thats a risk i suppose
[10:58]   r m : ok
[10:59]   Hemant : So the way to go about dealing this is to short both 8200 PE and 8400 CE
[10:59]   r m : 🙂
[11:00]   r m : I never had courage to short options on expiry day 🙂
[11:00]   Tejpreet : I am in 8400 call at 1.85.
[11:00]   r m : ok
[11:02]   Tejpreet : Right said RM …risky to sell options on expiry day.
[11:02]   r m : NF is in 80%
[11:03]   Kathir : @RM 8200 PE DOUBLED FROM 50 PAISE TO 1 RS 🙂
[11:03]   r m : here comes expiry master 🙂
[11:04]   r m : all my theories gone to waste bin 😀
[11:05]   Kathir : 🙂
[11:07]   Hemant : RM I got it all wrong, I mean 8300 PE
[11:07]   r m : ok
[11:07]   Hemant : and it almost got tripled too
[11:07]   r m : yes
[11:17]   Rajat : hi
[11:18]   Rajat : banknifty
[11:18]   Rajat : call
[11:18]   Rajat : ?
[11:18]   Rajat : sell
[11:22]   r m : NF finishes 80%
[11:40]   Shai : We are already in a sell Rajat from 18580
[11:41]   Tejpreet : Amtek auto next month MWPL Already at 81%.
[11:43]   Shai : BNF buyers at lows
[11:43]   Shai : 18430 test would have been good
[11:45]   Shai : Close out BNF shorts fully
[11:47]   Tejpreet : Shai AMTEKAUTO for shorts .
[11:50]   Shai : Amtek auto not a convincing short
[11:52]   Shai : sl is 161 if you want to short but momentum down will come only when 147 breaks
[11:54]   Vivek K : amtek group is KP counters. so pls take care. there are better things to trade i guess
[11:54]   Shai : Buy BNF 18500- 18515 sl of 18460 tgt 18560 / 18580
[11:54]   Tejpreet : Thanks Shai.
[11:55]   Tejpreet : True Vivek …very volatile.
[12:13]   Vivek K : shanghai has given up some marbles today
[12:27]   Shai : BNF stop taken down
[12:27]   Shai : day is trending down firmly now
[12:47]   Pawandeep : Shanghai Composite (May 28) 4,619.41 -322.3 -6.98
[12:47]   Pawandeep : what happened there
[12:47]   Pawandeep : down 7%
[12:51]   Hemant : Shai, can short 8300 CE here?
[12:52]   Shai : Some news of a welath fund reducing all stakes in the big banks there
[12:52]   Shai : Yes Hemant sl 8322 F on day
[12:53]   Hemant : Got it
[12:56]   Shai : 8300 pe shooting up
[12:58]   Tejpreet : Even 8200 pefrom .5 to 3.25 …that was the lottery trade for the day i guess.
[12:59]   r m : yeah, very rare to get a trending expiry day!
[13:00]   Hemant : Tejpreet 🙂
[13:00]   Naveen : Thats hugeeeee
[13:02]   Tejpreet : Guess boarded the wrong train again ….8400 ce at 1.85 🙂
[13:02]   Shai : too risky unless it moves in next 15 mins
[13:03]   Shai : 8300 ce better
[13:03]   Shai : 8255 F expectation on day
[13:03]   Shai : holding that we can see a bounce 8291/ 8315
[13:06]   Shai : 8300 pe price up 10 bucks over yesterday and OI down 7.5 L
[13:07]   Shai : sorry that was on last 30 mins
[13:07]   Porus : So was that profit booking?
[13:07]   Shai : price up 25/- and OI down 4 L on day
[13:08]   Shai : morning writers gone and safe players exited
[13:11]   Kathir : @RM wockhard 8% down
[13:11]   Kathir : 1450 PE 3,5 to 40 🙂
[13:14]   Tejpreet : Adani may 780 put from yesterday close 2.30 to today high at 56.9
[13:14]   Shai : wow
[13:15]   Hemant : Shai, being here has me realised, how well things work out with patience & right tools, hats off to you & friends here learning along 🙂
[13:16]   Kathir : @shai still any possibility for NF to close around 8355 today ?
[13:16]   r m : @Kathir, wow! you hit the jackpot there 🙂
[13:17]   Kathir : ge didnt trade ..was double minded
[13:18]   r m : lol
[13:18]   Hemant : lmao @Kathir
[13:18]   Shai : Kathir more chances if 8355 is crossed
[13:18]   Shai : currently this 1 – (13:03) Shai :holding that we can see a bounce 8291/ 8315
[13:19]   Shai : based on 8255 holding : (13:03) Shai :8255 F expectation on day
[13:20]   Kathir : shai more chances if 8315 crosses?
[13:20]   Shai : for 8355
[13:20]   Shai : still 40 points there
[13:20]   Kathir : ok thanks
[13:20]   Kathir : @shai any views on BNF close fro here?
[13:25]   Shai : No not on BNF
[13:26]   r m : BNF very close to VAL
[13:27]   RK : seems they want <1 in 8300 CE 🙂
[13:27]   r m : 🙂
[13:28]   r m : They even liquidated Shanghai assets to ahieve that goal 🙂
[13:28]   Vivek K : vpoc touched, whats next shai?
[13:28]   RK : 🙂
[13:29]   Kathir : 🙂
[13:32]   r m : single prints from yesterday below 18360 – http://screencast.com/t/TwycKtAsJ
[13:32]   Kathir : @RM NF close 2014 may ser is 7,238.90
[13:32]   Shai : test upto the 18465 mark
[13:33]   Shai : if we close below 18465 it is a prob and confirmation of more weakness
[13:33]   RK : same with 8290 spot Shai?
[13:33]   RK : or you would consider 8260 s?
[13:33]   RK : for weakness
[13:33]   Shai : NO RK I’m positive for next series till about 8250 spot holding
[13:34]   RK : great..thanks
[13:34]   r m : @Kathir, I hope you dont want it back there 🙂
[13:34]   RK : Yeah need one hell of positiive series 🙂
[13:34]   r m : 🙂
[13:34]   Shai : possibility of 8200- 8700 next series if we stay till Mon over 8230 roughly
[13:35]   RK : yeah RM so tired after such a frog market for last 2 series..need one Kangaroo mkt 🙂
[13:36]   r m : ok, so subject to continued close above 8230 spot, 8600-8700CE can be accumulated?
[13:36]   r m : yes RK
[13:36]   Vivek K : need some chick to kiss the frog
[13:37]   Shai : yes RM 1st pit stop 8480 then we add up double over that
[13:37]   RK : Vivek yeah we will heard about it one fine morning 🙂
[13:37]   r m : Thanks Shai!
[13:37]   RK : *hear
[13:38]   Tejpreet : Maybe RR could be the one that wakes up the frog.
[13:38]   r m : normally chicks tell only after frog has been crowned as King 🙂
[13:38]   Hemant : Shai, is it ok to Short 8100 PE June?
[13:39]   Shai : wait till last 10 mins today
[13:39]   Hemant : Got it
[13:39]   Shai : this last hour can go anywhere
[13:39]   RK : No RM those are fake chiks..we are talking about real angels who can save the frog 🙂
[13:39]   r m : can’t blame RR, he is mortally afraid of US interest rate hike, that will take lots of USD away
[13:39]   Shai : 8300 pe under pressure still
[13:39]   r m : @RK 🙂
[13:45]   Kathir : @shai bnf hypo below 8410 is 8300 and 8185..possible now?
[13:46]   Shai : NO too late now
[13:47]   Kathir : ok
[13:48]   Kathir : bnf 18500 ce 169 to 10 now ..morning writers enjoying
[13:53]   Naveen : @kathir, is it to possible to short @ 169 🙂
[13:55]   r m : yeah, you need to borrow HG Well’s Time travel machine for that 🙂
[13:57]   Dharamveer : Option pain showing Nf at 8300 and Bnf at 18400 any possibility of BN closing at that level shai
[13:57]   Kathir : 🙂
[14:02]   Hemant : Lol @RM. I’d like to hop on that one too Naveen
[14:02]   Pawandeep : europe close to green
[14:03]   r m : @Hemant, who won’t, we’ll end up overloding it 🙂
[14:05]   Hemant : If only Einstein could help us RM
[14:08]   r m : he would have given us such exceedingly complex mathematical forumlas that we would have found trading a much simpler vocation!
[14:09]   John : hi shai, 8291 reference was DPOC?
[14:11]   Naveen : The tweet to short BNF is generated from ORDERFLOW CHARTS?
[14:15]   r m : yes that is positiona sell, check with Shai first, any positional should be in Jun series now
[14:20]   Shai : Yes that is positional sell sl over 18670 tgt 18268/ 17866
[14:20]   Shai : John 8291 ref was from LVN-1 on chart
[14:20]   Shai : top left
[14:23]   Rahul N : @shai any expiry option play ?
[14:27]   Shai : Buy an 8300 ce
[14:27]   Shai : No sl
[14:27]   Rahul N : ok
[14:28]   Rahul N : now or at 3 pm ?
[14:28]   Shai : now
[14:28]   Rahul N : tnx
[14:28]   Shai : 10/- now. position size accordingly
[14:28]   Rahul N : ok
[14:32]   Rahul N : bought 3k @11
[14:32]   Hemant : When to book Shai?
[14:32]   Hemant : 8300 CE?
[14:34]   John : ok shai, thanks
[14:35]   Shai : book if you see 8315
[14:35]   Shai : real move is if 8315 is crossed
[14:35]   Shai : then can give us 55/-
[14:50]   r m : bankindia gave up below 195, just kept going down!
[14:52]   Hemant : This is another flush?
[14:54]   r m : looks like dying down here?
[14:55]   Shai : this is the move- last 5 mins
[14:55]   Shai : will dies down after 3.10
[14:55]   r m : ok
[14:55]   Hemant : Should exit that call?
[14:56]   Shai : yes exit
[14:57]   Shai : close out that lottery trade at 5 now 50% loss
[15:00]   Pawandeep : Too much zig zag
[15:01]   Hemant : That got messed up
[15:01]   Pawandeep : Roller coster ride
[15:01]   Kathir : lottery call got angry when Shai told toexit 🙂
[15:02]   Shai : 🙁
[15:02]   Shai : went to 15
[15:02]   Pawandeep : lol
[15:02]   Shai : this is the move
[15:02]   Rahul N : should i book or wait ?
[15:03]   Shai : trail 15
[15:03]   Rahul N : ok
[15:03]   Pawandeep : can we go 8355
[15:04]   Shai : exit 25
[15:04]   Pawandeep : ok
[15:04]   Shai : buy 8700 ce June positional
[15:05]   Shai : is at 26
[15:05]   Shai : buy it and forget about it for a week- speculative qty nothing large
[15:09]   Shai : expiry done
[15:09]   RK : 8300CE small qty got at 5 and exit at 21.80 🙂
[15:09]   Shai : should stay here
[15:09]   Kathir : wow
[15:09]   RK : RM finally got one lottery trade right 🙂
[15:09]   Rahul N : nice!!
[15:09]   Tejpreet : Good on e RK.
[15:10]   Kathir : congrats RK
[15:12]   Shai : Nice RK
[15:12]   RK : Thanks Shai and all
[15:13]   Shai : This is a bullish expiry in the context of the trend shaping up
[15:13]   r m : good one RK, princess attention captured by this guy from TN 🙂
[15:13]   Shai : now as long as next 3 sessions hold up abv 8200 spot we should see 8480/ 8700 in June
[15:13]   RK : 🙂
[15:17]   Shai : 5 mins late that move
[15:17]   Shai : but closed exactly at 3.10
[15:18]   Shai : always lottery trade is the move between 2.45 and 3.10
[15:18]   Hemant : Apart from the timing buring holes, it truly was a lottery 🙂
[15:18]   RK : original decision was no SL..so just followed it..as its lottery timing is very difficult..
[15:19]   Pawandeep : @ shai any particular reason behind it
[15:19]   RK : 8260 support
[15:19]   Hemant : RK, brilliant trade! Congratulations
[15:19]   RK : Hemant once in a while..you people are doing this daily 🙂
[15:19]   Shai : Pawandeep rollovers
[15:20]   Kathir : @shai any BTST
[15:21]   Shai : buy 8400 ce
[15:21]   Shai : tgt is 8380 spot tom
[15:21]   Hemant : RK i had a similar trade on 8300 PE, bought 7, sold 42 🙂
[15:21]   Kathir : wonderfull Hemant
[15:21]   RK : thats great 🙂
[15:21]   Kathir : ok shai thanks
[15:22]   Tejpreet : Great trade Hemant.
[15:22]   Shai : From 1June service tax for all our transactions is 14%
[15:23]   Shai : so 2 points more required in every trade 🙂
[15:23]   r m : 🙂
[15:23]   Hemant : Ty folks, I wouldnt have had the courage to enter that trade if not for Shai, RM and Tejpreet
[15:30]   Shai : 8320 expiry
[15:30]   Shai : 18452
[15:30]   Shai : Bye all
[15:30]   Pawandeep : good bye all
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Moses : Bye all
[15:30]   Shai : Have a nice evening
[15:30]   Sudhakar : bye all
[15:30]   RK : thanks and bye all
[15:30]   Porus : bye all
[15:31]   Kathir : thanks and bye all
[15:31]   Hemant : Have a great evening all 🙂
[15:31]   Venkatesan : thank you shai, rm aa and friends
[15:32]   Tejpreet : Bye All.
[15:32]   Naveen : Bye..