OrderFlow charts and Notes 29/01

[08:47]   r m : Good Morning folks!
[08:47]   r m : http://vtrender.com/levels-and-plan-for-29th-jan/
[08:48]   r m : NF Hypo1 above 8907➜8944-45➜8965➜8988 SL 8882 Hypo2 below 8864➜8837➜8810 SL 8885 JAN Future levels
[08:48]   r m : BNF Hypo1 above 20588➜20670➜20735 SL 20529 Hypo2 below 20424➜20294 SL 20488 JAN Future levels
[08:49]   Porus : GM all
[08:50]   r m : Results today – Dr Reddy, HDFC, IDFC, Asian Paints, Ashok Leyland
[09:04]   Tejpreet : GM everyone.
[09:07]   Shai : GM all
[09:07]   Rahul G : gm all
[09:10]   Varun : green pink ksise chal raha hain
[09:11]   Varun : 15 days
[09:14]   Shai : charts posted on prem section
[09:14]   Shai : wht we are looking for in the morning auctin is the expected touch of 8837 and the reaction from there
[09:14]   Shai : OI players huddled at 8900 strike
[09:15]   r m : bnf in hypo2 area
[09:15]   Shai : but OI is too less at 8900 at the close of the series and can scare both players alternatively leading to a volatile last hour
[09:22]   Shai : sellers not active in NF at open
[09:26]   Shai : you want to see more sellers as the market is at prev day low – but this morning that intent is not there yet
[09:26]   Varun : in bnf shai ?
[09:27]   Shai : but staying below vwap shorts are still ok
[09:27]   Shai : Not much yet Varun
[09:27]   Varun : thnks
[09:27]   Shai : but could pick up
[09:28]   Shai : we will go with hypo2 in NF below 8864 with 8885 sl for 8837
[09:29]   Shai : if the red picks up these supporting buyers will give up fast
[09:32]   Varun : whts the of blue or red now
[09:33]   Shai : still below – catching up with the bulls who ran up too fast
[09:33]   Shai : last alert was at 8440 I think
[09:33]   Varun : ok
[09:37]   Sharad : GM all
[09:38]   Shai : vix 20
[09:40]   Varun : r we below ofwave in bnf
[09:40]   Sharad : it is tough to adjust new chart style
[09:41]   Sharad : Shai where to see delta ?
[09:42]   r m : @Sharad, it is everywhere! at the left for delta at price, left top is total delta for the day
[09:42]   Shai : It’s difficult only cos we were used to the old ones
[09:42]   Shai : But it has lots of ew info and good
[09:42]   r m : http://vtrender.com/premium/the-new-footprint-in-the-trading-room/
[09:42]   Tejpreet : What is OF wave.
[09:43]   Sharad : Thanks RM will go through it
[09:43]   Shai : Sharad bottom pane is delta of bar
[09:43]   Sharad : NF delta is 206000 right now
[09:44]   r m : yep
[09:44]   Sharad : so 205000 positive delta
[09:44]   r m : feb series also positive at 137xxx
[09:44]   Sharad : ok seen now
[09:45]   Rahul G : rm tht is the green – pink on the sidergt at 124XXX somethin now
[09:45]   Sharad : and where is max delta and min delta ?
[09:46]   r m : @Rahul, that is actually left of Feb chart!
[09:46]   Rahul G : ok
[09:46]   Rahul G : thanks
[09:48]   r m : Life is a beautiful journey – who knows what will happen tomorrow 🙂 http://tinyurl.com/l3j6zf4
[09:50]   RK : GM Shai,RM and friends 🙂
[09:51]   r m : Hi RK 🙂
[09:53]   r m : trading below val after ages!
[09:54]   Amit J : any view on dr reddy
[09:54]   Amit J : from buy view
[09:54]   Varun : if we close at lows of va, will it be an island reversal @rm
[09:54]   Varun : dva
[09:55]   r m : ok Varun
[09:58]   Tejpreet : Moderators can we have a webinar or some slides posted on the blog about all terminology with examples on chart.Current link does not cover all and difficult to follow especially for newbies like me.Tthanks.
[09:59]   Shai : dr reddy good abv 3330
[10:00]   Shai : can do 3306/ 3366
[10:00]   Amit J : thanks
[10:01]   Shai : BNF at val
[10:02]   Shai : Go long abv 20450 for 20536 sl of 20410
[10:04]   Shai : Tejpreet, Noted
[10:04]   r m : @Tejpreet, terminology explained here – http://vtrender.com/glossary/
[10:07]   Tejpreet : Thanks rm. Some terms are not there like OF wave .
[10:08]   r m : that is a local term describing the Larger Order Flow Plot, it is similar to smaller Order Flow plot – pink and green line here
[10:09]   r m : OF wave is used for swing trading
[10:11]   r m : yesterday FII added significant qty of index future shorts, but their addition in options and cash were on long side
[10:12]   r m : http://vtrender.com/wp-content/uploads/2015/01/fiioi8.png
[10:12]   Varun : whts its effect on mrkt in general
[10:12]   Rahul G : shia any views on LIC housing
[10:12]   Varun : abt fii buying cash and sellin futures
[10:13]   r m : @Varun, could have been shoting in one series and adding long in other, I am not very confident though
[10:13]   Varun : hmmm
[10:13]   Tejpreet : thanks for the info
[10:13]   RK : Shai, want to short Asian paints..levels pls?
[10:16]   Rahul G : Rk asian paints results are today
[10:18]   RK : Thanks Rahul..
[10:24]   Varun : @shai the 5 min bnfjan at pvalow and ib shows seller ?
[10:24]   Varun : ib high bnf
[10:29]   r m : this trade is active now (10:02) Shai :Go long abv 20450 for 20536 sl of 20410
[10:30]   r m : though sellers seen at 460
[10:30]   Shai : asianpaints res at 913 inviting long liquidation
[10:30]   Shai : supp is at 881
[10:30]   Shai : if 881 breaks can see 845
[10:32]   Shai : idea would be to buy 890 with sl below 878 for 910 revisist if playing long
[10:32]   RK : thanks Shai..
[10:33]   Shai : Ye Varun so far IBH met selling but the trade idea is 80% rule
[10:33]   Shai : and that generally has a success ratio of 95% against all odds before 11.00 am
[10:34]   Shai : we are playing it till 550 only but can go all the way to 630
[10:37]   RK : RM TCS is playing muscial chair..back to 2510 seat 🙂
[10:37]   Shai : so that lack of early morning sellers is giving wings to bulls here even though we were below val
[10:38]   r m : @RK 🙂
[10:38]   Shai : upto the buyer now to seize the initiative
[10:38]   Shai : technical level above 8875 is 8907 and 8944
[10:39]   Shai : (09:26) Shai :you want to see more sellers as the market is at prev day low – but this morning that intent is not there yet
[10:47]   Shai : minor selling abv IBH in NF did not lead to break abv IBH
[10:50]   Shai : val also there at 8890 in NF
[10:50]   Shai : poc at 8909
[10:56]   Rahul G : shai can we tak the sell in Bnnow
[10:56]   Rahul G : or wait below vwap
[10:56]   Shai : sell below vwap
[11:01]   Shai : buyers drying up in BNF
[11:02]   Shai : if 20410 breaks longs will exit
[11:02]   Shai : existing*
[11:03]   Varun : we had huge sellers as we enterred pva in bnf
[11:04]   Varun : hw often this sort of things
[11:04]   Varun : setting the trend
[11:05]   Shai : generally I don’t read much on expiry day
[11:05]   Varun : k
[11:05]   Shai : things can change
[11:05]   Varun : thnks
[11:05]   Shai : but with the chart we can still sot the change
[11:05]   Shai : like a seller at top on the left can halt even a small intra day momentum
[11:06]   Shai : 11.40 bar s a good eg in both
[11:06]   Shai : the vwap has buyers in both
[11:06]   Rahul G : shai you talking abt the -13K seller in both
[11:06]   Shai : so upto them to respond
[11:07]   Shai : 21825 an 17325 in NF at top
[11:07]   Shai : and 11050 and 425 in BNF
[11:07]   Rahul G : okay i get it
[11:07]   Varun : these things help us in knowing whether to play range extensions or fa
[11:08]   Varun : ?
[11:08]   Shai : yes
[11:08]   Shai : just when you have your plan ready and hitting the trigger watch the orderflow
[11:09]   Shai : like I said in that blog link don’t buy into a sea of sellers
[11:09]   Shai : there is always a better entry
[11:09]   Varun : and if these big sellers wld not be able to bring price down, it would hve been absorbtion
[11:09]   Varun : and a big upmove in waiting
[11:19]   Shai : one buying response at 8872 now
[11:19]   Shai : 12050
[11:20]   Varun : shai can u darken the colors for easy spotting
[11:21]   Shai : yes working on it to make a better display
[11:21]   Varun : how about a highlight of that bar in red or green
[11:21]   Varun : like the enitre patch
[11:22]   Varun : or the interface is very light
[11:22]   Varun : like a black interface will highlight everything
[11:22]   Shai : yes the background is the key
[11:23]   Shai : was thinking all balack
[11:23]   Shai : black
[11:23]   Varun : will be super
[11:23]   Varun : lets try for a day or two
[11:23]   Shai : sure
[11:24]   Shai : we may have a failed auction at 8893 if we break below 8862
[11:36]   RK : Shai you mean to say good above 3300?(09:59) Shai :dr reddy good abv 3330
[11:38]   Shai : oh actualli I had meant 3230
[11:38]   Shai : there still is an immedaite 50 point upside here
[11:38]   RK : its gone :))
[11:40]   r m : 3330 was in gap down area of 27th, I thought Shai was referring to that 🙂
[11:40]   RK : after above said comment from Shai, 25 ruppes in mins 🙂
[11:41]   r m : Shai-effect!
[11:42]   Shai : No I meant 3230 – Blame my fat fingers 🙂
[11:42]   r m : 🙂
[11:42]   Shai : Actually Amit is an extremely good stock picker
[11:42]   r m : yeah 🙂
[11:42]   Shai : It was around 3270 or something I think
[11:44]   r m : 8900/9000CE being written in wholesale!
[11:44]   r m : 1.8 million 9000CE and 2.1 million 8900CE added
[11:46]   RK : Shai can make another buy attempt here with same SL and target
[11:49]   RK : Yes Amit’s screening is great in stocks..missed that buy around 3280..
[11:50]   Amit J : shai reddy can rally more
[11:50]   Amit J : even adani ent
[11:59]   Varun : huge seller abv ib high in nifty
[11:59]   Varun : one lakh plus
[12:01]   Varun : absorbed
[12:13]   Varun : huge selling coming in, but seems being absorbed
[12:14]   Varun : hypo 1 active now
[12:25]   Amit J : shai your view on adani plz. want to do btst for 20% return tom
[12:27]   Kathir : Hi all 🙂
[12:27]   r m : Hi Kathir 🙂
[12:41]   Shai : adani stays abv 568 can do 610
[12:42]   Shai : lots of news flow again about that stock split
[12:43]   Amit J : this is compulsory for biiding and if it happens than u would get 2 co shares worth ent mcap, so obvious trade hai 20% return btst
[12:46]   Shai : when is the date?
[12:48]   Amit J : tom or sat compulosiry
[12:49]   Shai : ok
[12:49]   Shai : 10 in adani ports for every 7 ?
[12:49]   Varun : hypo stop triggrd
[12:50]   Shai : and 20 in adani power for every 11
[12:51]   Amit J : calculate how much shares you are getting compared to cmp
[12:51]   Shai : yes I see that
[12:52]   Rahul G : asian paints gone
[12:53]   RK : Asian paints breaking down
[12:53]   RK : Rahul 🙂
[12:53]   Rahul G : i had taken a short at 900 and got out at 890
[12:53]   Rahul G : punched in order
[12:54]   RK : Rahul 898 to 882 here 🙂
[12:55]   Rahul G : congrats RK
[12:55]   RK : Congrats to you too
[12:56]   r m : well done guys, congrats!
[12:56]   RK : thanks RM
[12:57]   Amit J : shai ashok ley view for shorting?
[13:01]   Rahul G : thanks rm
[13:01]   Rahul G : amit I am looking to short at 69 around but scared the lot size is big
[13:01]   Rahul G : any idea hw to manage
[13:02]   Amit J : i did
[13:02]   Amit J : already 60 paise in the money
[13:03]   Shai : aSHLEY GOOD SHORT BELOW 69.6 CASH AND CAN GIVE 65.5
[13:03]   Shai : sorry for caps
[13:03]   Shai : 66.3 is better to cover cash
[13:04]   Rahul G : shai below 69.6 so we can do it now
[13:05]   Rahul N : @shai whats your view on kotak bank feb future?
[13:10]   Shai : Kotak bank 1344 feb is the objective of this down move
[13:10]   Shai : almost there
[13:11]   Shai : if it holds we see a bounce back to 1374 else we go down and some more shorts come for 1314 F of feb by tom
[13:11]   Shai : watch 1344
[13:11]   Rahul N : thanks
[13:11]   Shai : welcome
[13:12]   r m : tomorrow coal india offer for sale may suck liquidity?
[13:12]   RK : Shai Tata steel trading below 393 and 386 also done..any support here and can see further weakness?
[13:14]   Tejpreet : So much info being passed on can we have the transcript of the chat back on blog to keep record of the mentioned levels.Have not seen it for past 2 days.
[13:14]   Shai : RK cannot see it break past 376- 367
[13:14]   Shai : 367 supp for longs
[13:15]   Shai : Yes Tejpreet just realised this morning that the posts were not there from 2 days though they were posted
[13:15]   RK : thanks Shai..will trail shorts keeping 394 as SL
[13:15]   Shai : The web admin is looking at it and we should get all posts up by close
[13:16]   Tejpreet : Thanks. Much better to trade by what you see than what you hear ( from these brokerages , blue channel and tipster)
[13:18]   r m : @Tejpreet, they are very good at their job – which is to suck money from our pockets 🙂
[13:19]   Tejpreet : True.
[13:19]   RK : DRREDDY making good swing here
[13:22]   Amit J : nos are superb, cnbc wrong flash
[13:23]   RK : Hdfc breaks low. hint for NF?
[13:23]   Shai : money is going to hdfcbank
[13:24]   Kathir : means?
[13:24]   RK : 🙂
[13:24]   Kathir : @rk may be guys like you are depositing the profits in HGFC bank ? 🙂
[13:24]   RK : Kathir whats a plan today for Jackpot
[13:24]   Kathir : hdfc
[13:25]   Kathir : waiting
[13:25]   Shai : hdfc bank 10000 cr rights issue approved hence up today
[13:25]   Kathir : i thought 8950 ce will make merry today
[13:25]   Kathir : ok shai
[13:25]   RK : Kathir I too have a/c in Hdfc but yet to start the process of depositing..hope soon may be afteer making a visit coimbatore 🙂
[13:26]   RK : Shai oh ok
[13:26]   Shai : dr reddy 3349 and down
[13:27]   RK : Shai I have moveed that scrip down the line in my terminal..missed trade 🙂
[13:29]   Shai : always keep hdfc and hdfc bank up near Nifty / banknifty 🙂
[13:29]   Shai : delta is swinging today with the NF and BNF
[13:30]   Shai : morning was all green and now all red
[13:31]   Shai : with ref to that previous move above 8909 poc notice that seller in NF at 12.10 right at the top in the OF chart
[13:32]   Shai : were no buyers there then
[13:32]   Shai : besides t was abv vwap band too
[13:36]   RK : Rahul, Asian paints results out?
[13:37]   RK : ok its out
[13:37]   Shai : 20500 call is the lottery
[13:38]   Shai : 45 now
[13:39]   Kathir : Target?
[13:39]   Shai : 140
[13:40]   Shai : can do 20650
[13:40]   Shai : then it becomes 140 plus
[13:40]   Kathir : k
[13:40]   Shai : lottery- not a trade
[13:41]   Shai : see that seller is not there now in NF
[13:56]   Rahul G : amit wht is the SL for ashok leyland
[14:11]   Amit J : i kept days high
[14:13]   Amit J : shai what should be sl for your bankniftyy view
[14:29]   Rahul G : ,,i guess with the volatility thr yesterday all the rollover has already happened
[14:29]   Rahul G : going to be quiet today
[14:30]   r m : @Rahul, FII shed a huge part of their positions on expiry day
[14:30]   Rahul G : nothing happening 🙂
[14:31]   r m : if shedding is lopsided then something will happen 🙂
[14:31]   Tejpreet : @rm how is 8850 pe ce zone looking now.
[14:32]   r m : @Tejpreet, I have a cheap vendor who gives only 100 strikes 😀
[14:33]   Tejpreet : oops ok.Anyway thanks
[14:33]   r m : 3.1 million PE added at 8850 today while 4 lakh PE reduced
[14:33]   r m : CE reduced
[14:34]   Tejpreet : I think 8800ce is on radar now from yesterday high of 193 .
[14:34]   r m : sorry, wrong figure 1.1 million PE added
[14:35]   Shai : 49750 aggressive buyer at 8874
[14:35]   Shai : last chance of the day maybe to rise
[14:36]   Varun : wheres the clearing likely looking at ”
[14:37]   Shai : could be 2 way in last hour
[14:37]   Shai : chance to see 8940 then maybe down to 8875
[14:38]   Shai : 8874 to 8903
[14:39]   Shai : mostly buyers still
[14:42]   RK : spike low in TCS Jan
[14:46]   Amit J : ashok
[14:46]   Rahul G : thr goes ashok
[14:46]   Rahul G : good call
[14:46]   Rahul G : I wanted to sell but was nt confident
[14:49]   Amit J : dr reddy also up now
[14:49]   Amit J : any view on unitech for expiry trady
[14:50]   Shai : not for expiry but can do 18.1/ 18.7 tom
[14:50]   Shai : sl of 16.8
[14:54]   Amit J : thanks.
[14:56]   Shai : welcome
[14:56]   Shai : upto the BNF to lead here now
[14:59]   Amit J : ashok beautiful hit
[15:00]   Shai : 20500
[15:00]   Amit J : btst sslt
[15:01]   RK : awesome 🙂
[15:01]   Shai : 8937
[15:01]   r m : @Kathir, 🙂
[15:02]   Tejpreet : Expiry fireworks.
[15:04]   Shai : went to 80
[15:05]   Shai : chance of a swing down is there
[15:05]   Kathir : yeah ge 🙂 sold @ 8
[15:06]   r m : wonderful!
[15:09]   RK : great Kathir 🙂
[15:10]   Kathir : thanks 🙂
[15:11]   Kathir : @rk i guess 8950 will give 20 min 🙂
[15:15]   Shai : yes done now
[15:15]   RK : 🙂
[15:16]   Shai : will faltline here
[15:16]   Shai : flatline*
[15:16]   Shai : BNF is way below NF in terms of range done yesterday
[15:17]   Shai : Feb premium is a normal 30 against the 60 and 80 we used to
[15:19]   Shai : hope all closed Jan
[15:20]   RK : yes done
[15:21]   Shai : so much better to look at only 1 volume profile from tom 🙂
[15:21]   Shai : BNF feb has some work cut out n long side
[15:21]   Shai : very inviting to buy Feb puts here
[15:22]   Shai : 8968 anomaly in NF feb
[15:22]   Shai : will be a sharp fall tom if that breaks
[15:25]   Shai : big machines are rolling over now
[15:26]   Amit J : ashok days low, reddy uni day high
[15:28]   Shai : congrats . great picks as always
[15:28]   r m : Amit, King of stocks 🙂
[15:30]   Shai : 8981/ 20630
[15:30]   Shai : feb is a much shorter series
[15:30]   Shai : Bye all
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:31]   Shai : Have a nice evening
[15:31]   Porus : bye all
[15:31]   Tejpreet : Bye all.
[15:31]   RK : bye all
[15:31]   Kathir : thanks and bye all 🙂
[15:31]   Amit J : bye
[15:32]   Amit J : happy new series