OrderFlow charts and Notes 29/03

[08:46]   r m : Good Morning folks!
[08:46]   r m : http://vtrender.com/levels-and-plan-for-27th-march/
[08:46]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-2603/
[08:46]   r m : Nifty APR Future levels Key Reference Area 8420 Hypo1 below 8402➜8360 SL 8435 Hypo2 above 8420➜8482➜8524 SL 8402
[08:46]   r m : Banknifty APR Future levels KRA 17955 Hypo1 below 17895➜17780➜17656 SL 17965 Hypo2 above 17955➜18103➜18248 SL 17895
[08:47]   Kathir : GM RM Sir 🙂
[08:47]   r m : Nifty Spot Weekly levels update – Support 8312, Resistance 8470
[08:47]   r m : Good Morning Kathir Sir 🙂
[08:48]   Kathir : master cannot call student :sir
[08:49]   r m : A student has to be cautious in selecting a master 😀
[08:50]   Kathir : i have the best
[08:51]   r m : Yes, we share that one 🙂
[08:53]   Kathir : 🙂 you never accept that you are a master
[08:53]   Kathir : nf should open around 8470
[08:54]   r m : @Kathir, because I know that I am definitely not one except may be in googling things 🙂
[08:54]   Kathir : 🙂
[08:55]   Kathir : master of googling things thn’
[08:56]   r m : lol
[08:57]   r m : (*** Private to Kathir ) Also master of laziness 😀
[08:58]   r m : SGX Nifty in red
[09:00]   Shai : GM all
[09:01]   Kathir : Hi Shai…
[09:01]   RK : Gm all
[09:02]   r m : Hi RK
[09:02]   Kathir : @Hi RK
[09:02]   RK : Hi Kathir
[09:02]   Kathir : @RM RK early today take long positions fast 🙂
[09:04]   r m : 🙂
[09:04]   Sharad : GM all
[09:04]   Porus : GM all
[09:05]   RK : 🙂
[09:08]   r m : pre-market suggesting 50 point gap-up
[09:09]   Rav : premium of 107 and 260 rm???
[09:09]   Rav : GM All
[09:10]   Sharad : premium will get reduced … so future will not up much from close …spot only will show rise
[09:10]   r m : ok
[09:10]   Rav : 68 lacs and 11.28 lacs NF and BNF left with exchange as oi for exhange settlement. who they are ?
[09:11]   r m : always wondered about that, why folks leave contracts for settlement after close, do they save some fees that way like brokerage etc.?
[09:12]   r m : will have to leave a contract unsettled next expiry to know what actually happens 🙂
[09:12]   RK : what are the implications to a retail when its not covered?
[09:12]   RK : oh ok..So RM you do experiment and let me know 🙂
[09:12]   r m : it will be settled at settlement price and MTM adjusted
[09:12]   Sharad : settled at close spot price
[09:13]   RK : So broker do that?
[09:13]   RK : or exchange has a square off system
[09:13]   r m : settlement is square off only
[09:14]   Sachith : GM all
[09:17]   Kathir : premium almost 100 nf
[09:18]   Kathir : @RK do you have any scripts to take longs
[09:19]   Rav : AIRTEL IDEA
[09:19]   Rav : 182.50 ABOVE 189
[09:19]   Rav : 304 ABOVE 312
[09:19]   r m : Thanks Rav
[09:20]   RK : Kathir..just a min
[09:20]   RK : LT,REL cap above yday high planning to buy
[09:21]   RK : Tatasteel too @Kathir
[09:21]   Amit J : shai call buy or wait
[09:22]   Shai : Looking at 8482 – 8420 as range for day
[09:22]   Shai : we should get a dip lower than yesterday lows
[09:22]   Shai : and let’s see if we get buyers there
[09:22]   Amit J : ok
[09:23]   Shai : addition of call can wait till last 30 mins of day as weekly close
[09:23]   Shai : hold period is till April 7
[09:23]   Shai : spot tgts are 8470/ 8575/ 8700 from here
[09:23]   Kathir : @rk thanks
[09:23]   Shai : sl of 8300 spot
[09:24]   Shai : BN may have put in a bottom yesterday
[09:24]   Shai : may look to go up
[09:24]   RK : 8483
[09:27]   Shai : I’m open to a long trade abv 8485 to 8525 with sl of 8471
[09:27]   Shai : Bur broad view is that we need a dip to test yesrday lows again
[09:36]   Shai : 8438 yesterday lows in april F
[09:36]   Shai : 8432/ 8420 to watch for buying
[09:41]   Shai : BNF 18020 supp
[09:41]   Shai : yesterday lows 17955
[09:42]   Shai : BNF preferably should not touch 17955 today unlike NF
[09:45]   RK : so they are testing yesterday dip buyers
[09:45]   Kathir : axis bank down almost 2%
[09:45]   Shai : 18010
[09:46]   RK : Axis broken PDL
[09:48]   Kathir : @RK it it turns LBU nice one to buy
[09:48]   Kathir : if it
[09:50]   Shai : 17995
[09:51]   Sharad : 17966
[09:52]   Shai : Buy BNF abv 18015 tgt 18075 sl of 17966
[09:57]   Shai : IF BNF crosses 18212 at close then yesterday lows confirm a short trem bottom
[09:58]   Shai : NF has to do abv 8510
[10:02]   Shai : 18070 – book
[10:05]   Shai : could go sdieways now around vwap
[10:06]   Sharad : 18065 booked
[10:08]   RK : yes one quick good trade to start the series
[10:09]   Sharad : true RK
[10:11]   RK : Shai DRREDDY yday morning low can hold or drop..can you pls check? It had a tail or drive at open but bounced from that low..
[10:18]   Shai : dr reddy cotinues to be weak below 3390
[10:18]   Shai : can drop t 3350
[10:18]   RK : thanks
[10:20]   Sachith : shai… m&m long levels
[10:24]   Shai : M$M may be locked for an intra day move- showing equal opp volumes
[10:24]   Shai : at 1191 here- but positional longs are good abv 1207 for 1231/ 1251
[10:25]   Sachith : ok… thnx
[10:27]   Shai : 1205 is also day high and yesterday OC- min level for safe longs
[10:27]   Shai : POC*
[10:28]   Shai : NF below vwap- still looking for that dip to 8420 atlesast has probed yesterday lows
[10:32]   RK : buyer resonse at low NF
[10:32]   RK : *response
[10:32]   Shai : yes
[10:33]   RK : if we have good response here then buy above VWAP with day low SL would be a good trade
[10:33]   Shai : yes has to confirm abv vwap
[10:34]   Shai : May be difficult to d that
[10:34]   RK : or at VAL
[10:34]   Shai : hence suggesting positional longs only in last 30 mins
[10:34]   RK : ok..
[10:35]   Shai : 8421
[10:37]   Shai : some long sl have got triggered
[10:38]   Shai : aggressive trdae : Long NF at 8427 with sl of 8413 for 8452
[10:38]   Shai : aggressive trade in Min qty only
[10:54]   Sharad : Shai NF what is target price for aggresive buy ..vwap ?
[10:54]   Shai : yes
[10:55]   Sharad : ok
[10:56]   Shai : conservative signal is abv vwap+ 2 for day high and possibly 8510 or 8524 with sl below IBlow-3
[10:56]   Sharad : ok will see at vwap and then sell
[10:57]   Shai : (09:22) Shai :Looking at 8482 – 8420 as range for day.(09:22) Shai :we should get a dip lower than yesterday lows
[10:58]   Sharad : vwap crossed
[10:59]   Shai : 8454 book: (10:38) Shai :aggressive trdae : Long NF at 8427 with sl of 8413 for 8452
[10:59]   Sharad : 8452 booked
[10:59]   Varun : for the first time one time framing stopped since ystrday
[10:59]   Shai : Buy that vwap buy abv 8460 only
[11:00]   Sharad : ok fine
[11:00]   Amit J : shai FA if day high tested
[11:00]   Shai : Yes Varun has to find balance here
[11:00]   Shai : yes FA at 8421
[11:00]   Varun : @shai i doubt the fa
[11:01]   Varun : cos we didnt cross ibl
[11:01]   Varun : in tht 30 min candle
[11:02]   Shai : yes I know what you are saying it overlaaped the G period
[11:02]   Shai : But it did not stay below IBL for more than 30 mins
[11:02]   Varun : hmmm
[11:03]   Shai : text book definition is 30 mins less volume
[11:04]   Shai : Be back in 20 mins
[11:21]   Shai : looks caught at vwap now till 1.00 pm
[11:22]   Shai : break abv levels are 8460 NF and 18132 BNF
[11:23]   Hussain : shai ur view on swing trade NF to 8570?
[11:28]   Shai : (09:23) Shai :hold period is till April 7.(09:23) Shai :spot tgts are 8470/ 8575/ 8700 from here
[11:28]   Shai : sl below 8290 spot
[11:29]   Hussain : ohk Thanks
[11:35]   r m : Angel’s rollover report http://tinyurl.com/p7q7hgk
[11:36]   RK : thanks RM
[11:36]   r m : welcome
[11:50]   Sharad : Shai hexawear any trade 7% up today
[12:09]   Shai : Nce run up still good abv 302 for 315/ 325 – buy dips to 302 with sl below 297
[12:10]   Sharad : ok fine
[12:11]   Shai : below 8420
[12:12]   Shai : sellers coming more
[12:12]   RK : and no buyers
[12:12]   RK : Yes sellers there
[12:12]   Shai : 8390/ 8360 now on
[12:12]   Shai : we will wait for a bounce to short- higher risk here
[12:15]   Shai : spot low as 8325 yesterday?
[12:15]   Shai : 8318 now
[12:16]   Amit J : 8326
[12:16]   Shai : ok thanks
[12:21]   Shai : Sell Nifty 8416- 8420 sl of 8439 tgt 8390/ 8360
[12:22]   Shai : sell only in between 8416- 8420 ignore here
[12:25]   Amit J : shai what is your level if 8360 breaks
[12:27]   Rav : vpoc
[12:29]   RK : BNF low in sight
[12:29]   Shai : 8162/ 8057 spot roughly
[12:30]   Shai : but that is later- need a bounce
[12:31]   Shai : 8257 spot/ 8162/ 8057 spot below
[12:31]   Shai : 8399/ 8473 spot above
[12:32]   RK : now 8470s itself becomes uphill task for bulls to break above
[12:33]   Shai : yes
[12:33]   Shai : BNF
[12:33]   Janak : bnf bounce upto vwap shai or going for day high again?
[12:34]   Shai : not clear
[12:34]   Janak : 980 is a buyer
[12:38]   Shai : now can d 18056
[12:38]   Shai : 17950 sl
[12:38]   Shai : sellers are persisting in NF
[12:39]   Shai : One RIL plant has cught fire near Mumbai- Pune Expressway
[12:41]   Shai : sloping towards 8360
[12:41]   Shai : still sellers in NF
[12:42]   Hussain : nifty Spot below 8290
[12:42]   Navaneeth : IB low breaking. Any significance BNF?
[12:44]   Shai : fall may be almost over at 8360F
[12:45]   Shai : Hussian spot is a positional view and we give 30 min around that price
[12:46]   Hussain : ok
[12:47]   Sharad : 6357
[12:50]   Varun : @shai wht would be mo now at @rm
[12:50]   Navaneeth : @Shai bro, how much influence IB breaking has got?
[12:51]   Shai : a Lot actuallly –
[12:51]   Navaneeth : hmm
[12:51]   r m : @Varun -76
[12:51]   Shai : shows sellers more willing to move the mkt
[12:51]   Navaneeth : BNF just broke IB low
[12:52]   Shai : may have to dip lower to find bigger buyers
[12:52]   Varun : thanks
[12:55]   r m : @Varun, here is the sheet, but latest adv/decline have to be manually updated http://tinyurl.com/qauc969
[12:56]   Rav : 8300pe writers happily writing at higher premium for next 2 days and 4 days in next week time decay
[12:56]   Janak : long can be booked at vwap shai?
[12:56]   Janak : 18050
[12:57]   r m : 2 holidays next week
[12:57]   r m : 3 days week!
[12:57]   Rav : thu-sun: 4 days
[12:57]   r m : yes
[12:57]   r m : 3 day week, 4 day weekend 🙂
[12:58]   Rav : next 2 days:6 days almost 25% time decay value
[12:58]   Rav : 112-120 written levels
[12:58]   r m : yes, this one is a 5 week series
[12:59]   Rav : long series with lot of earning surprise and rate cuts
[13:00]   Shai : Yes Jank
[13:01]   Janak : pl adjust bn chart shai
[13:05]   Amit J : rm MO?
[13:06]   r m : -76
[13:10]   Sharad : Shai what price NF buy ?
[13:10]   Shai : not here
[13:10]   Shai : can go day low again
[13:10]   Sharad : ok
[13:10]   Shai : safe abv 8420 only
[13:11]   Sharad : ok so buy above 8420
[13:14]   Shai : Sell NF again 8397- 8400 sl of 8415 tgt 8360/ 8344
[13:14]   Janak : bn?
[13:15]   Shai : BN yesterday buyers were strong at 17960
[13:15]   Janak : but can do 930 again?
[13:15]   Janak : because nf has strong sellers and bn will follow
[13:16]   Janak : what is eu open suggesting?
[13:17]   Janak : at 8360 nf bnf will be?
[13:17]   Janak : around 17920?
[13:17]   Shai : BNF not that weak Janak
[13:17]   Shai : lifeless actually in a 100 poin range
[13:18]   Janak : it fell from 206 day high to 935 – 280 pts and a bounce of 100 pts in between
[13:19]   Janak : anushka is selling bn 🙂
[13:23]   Janak : vwap test in bn
[13:24]   Shai : BNF looking good for 18100
[13:25]   Shai : exit NF shorts
[13:28]   Rav : sbi sc
[13:31]   Shai : NF can do 8460
[13:31]   Shai : BNF on fir
[13:33]   Amit J : FA in BN
[13:33]   Amit J : at 17935
[13:34]   Shai : yes good pick up
[13:35]   Shai : 8395 supp NF looking to do 8460 again
[13:35]   Rav : spike candle
[13:35]   Janak : bnf has legs for 250-300?
[13:36]   Janak : nf day high 8484/ bn was 205 and now 8421/bn already crossed day high once
[13:36]   Janak : !
[13:37]   Shai : Yes BNF driving those buyers were good at close
[13:38]   Janak : shai bn tgts today 300-350?
[13:38]   Shai : 18110 supp for intra tgt 18240
[13:39]   Shai : Finally loooks like relief rally underway
[13:39]   Shai : Though I felt at one time at 8397 one more dip was pending
[13:40]   Janak : bn booked some at 260 shai
[13:40]   Janak : stunning move
[13:41]   Shai : BNF neutral day
[13:41]   Shai : look to buy closer to 18110 with vwap as sl
[13:42]   Shai : nice supp now in that 18110 region
[13:42]   Janak : can book the rest around 300-350 shai?
[13:42]   Rav : 18282 18390
[13:48]   Shai : yes 18385/ 18430 obj
[13:48]   Shai : but adip will be nice
[13:50]   RK : Had some work and gone out for 1 hr and returned to see 100 points off from lows..phew..good 🙂
[13:51]   r m : when long take a trip 🙂
[13:51]   Varun : first time inlike 7-8 trading days we would hve gone vwap +20 🙂
[13:51]   RK : RM seems I have to go out often 🙂
[13:52]   r m : yeah!
[13:52]   Shai : Is that true Varun?- Good eye 🙂
[13:53]   Varun : yes we were not able to cross vwap, since i hve joined here. vwap is myh equator
[13:53]   Varun : we go max 7-8-10 points and reverse back
[13:53]   Janak : bn tired?
[13:53]   Janak : or can spring 100 more
[13:53]   Shai : 8460 still ref line
[13:53]   Shai : has to move up strongly abv that 1
[13:53]   Varun : we hve single prints at 60
[13:54]   Varun : if we cross we zoom
[13:54]   Shai : yes precisely
[13:55]   RK : VAL at 8564..so we can go for fresh long there
[13:55]   Shai : Janak BNF 18320- 18160 range
[13:55]   RK : targeting 8510 with 8420 SL
[13:56]   RK : *VAL at 8484
[13:56]   Shai : yes
[13:56]   Janak : ok but may not be allowed to fall below 200 for a while?
[13:56]   Varun : and u said on trend days if vwap is crossed , its like a rjection, could do day high @shai
[13:56]   Varun : will today qualify
[13:57]   Janak : seller at 250
[13:57]   Shai : Yes Varun
[13:57]   Shai : 18212 yesterday vwap
[13:58]   Shai : should check POC and day high in that order
[13:58]   Shai : sellers coming in NF
[14:01]   Janak : dip to 160 bought in bn?
[14:02]   Shai : yes
[14:02]   Shai : sl 110
[14:02]   RK : Varun seems still you have to wait for the runup above VWAP 🙂
[14:03]   Janak : gone
[14:03]   Janak : last chance for bulls here
[14:04]   Shai : 18217
[14:05]   Janak : 31st march / monday – window dressers may be the buyers?
[14:07]   RK : TCS may fall big below 2530
[14:09]   Janak : nf is a drag
[14:10]   Janak : it needs to do 8460 once
[14:10]   Janak : then bn can do 18300
[14:11]   Janak : maybe this is the move
[14:12]   Janak : rm apne bhai log ko bolo 250 se hat jay verna …..:-)
[14:12]   Janak : main virat ko bulaoonga 🙂
[14:12]   r m : varna unki khudkushi Janak ke haathon 🙂
[14:12]   Janak : lol
[14:14]   Janak : poor anushka – yday she was the victim on social media
[14:18]   Hussain : NF is ‘P’ shaped & BnF is ‘b’ shaped profile
[14:19]   Janak : wth is bn doing here!
[14:20]   Varun : @shai do we hve any short traps who hve not covrd yet, like sellers at lows in nf
[14:29]   Shai : Some sell orders at lows
[14:29]   Shai : could have been log sl
[14:29]   Shai : long
[14:30]   Varun : hmm
[14:30]   Varun : wht does a poc shift down mean
[14:30]   Varun : it accepts price, but like bearish or buliish for today
[14:30]   Shai : not much in rotation al day
[14:30]   Varun : k
[14:31]   RK : VWAPnot held and below IBL..despite the fast recovery, its a continuation of yesterday auction..
[14:31]   Shai : we ahve to break abv that POC now for long s
[14:35]   Amit J : shai neutral vwap close for banknifty?
[14:36]   Janak : bn wants to go up nf is a drag
[14:36]   Janak : one touch to 300 is there – i guess
[14:44]   Shai : BNf can close higher’
[14:44]   Shai : NF last chance to move up to 8460
[14:44]   Shai : sl still 8397
[14:44]   Janak : bn?
[14:44]   Kathir : @SHAI shall we buy nf ce positional now?
[14:45]   Shai : ok Kathir- buy 50% now and balnce at 3.20
[14:45]   Kathir : ok thanks
[14:46]   Shai : 8435
[14:48]   Shai : BNF met a seller
[14:49]   Shai : 8449
[14:49]   Janak : wah wah rm ji
[14:49]   Janak : 300 aa gya
[14:49]   r m : Janak has dragged BNF to POC 🙂
[14:51]   Shai : 220 support in BNF for a close at day high
[14:51]   Hussain : shai 8700ce can we add here cmp 43
[14:51]   Shai : yes can
[14:52]   Shai : your 8290 support on spot held
[14:53]   Shai : sometimes there is intra day noise which takes out sl’s – best is not to use a hard stop in a rotataing mkt
[14:53]   Shai : hard stops ok for a day like yesterday which was trending
[14:54]   RK : hard stops only for 50 points swing in bnf or 25 points in NF..for positions..has to sweat out and breathe calm to save a trade 🙂
[14:55]   r m : lol
[14:55]   Shai : true
[14:55]   Hussain : yep taking notes from master 😉
[14:55]   Shai : Nifty becomes all clear abv 8401 on Mon – then bottom of today confirms
[14:56]   Shai : All students of the Market Hussain- difference is a little more screen time
[14:56]   Shai : in the world outside it is called experience
[14:57]   RK : in BNF swing intra, its always better to go with system trigger entry and SL rather than market orders..otherwise slow accumulation of slippage cost would be huge by end of the month
[14:57]   Shai : yes
[14:57]   Shai : bid ask mkt orders are 6 points out most of the time
[14:58]   Shai : 8464
[14:58]   RK : and Shai’s levels work so accurately for target so we can always go for system orders..
[14:59]   RK : Yes 4-6 easily..2 trades in a day and end of the month roughly 200 points in slippage
[15:00]   Shai : NF not showing a strog will to move up
[15:00]   Hussain : shai price ext downside isnt a worry?
[15:00]   Shai : today?
[15:00]   Shai : No was expected after the trend day – we had to dip lower below lows
[15:01]   Hussain : yes
[15:01]   Hussain : ok
[15:02]   Shai : Not much f a tail actually in NF today
[15:02]   Shai : so move upto 8470 spot can be sold again and we can come back to these lows after a few sessions
[15:03]   Shai : best case for buyers now is to get around 8580- 8610 F by MOn close or tues and then do a review there
[15:04]   r m : @Shai, since the weekend decay could take out some premiums and extreme buying not seen to suggest gapup on Monday, would it better to enter CE only partly today and rest on Monday?
[15:04]   RK : unless Rajan helps on Monday morning, moving 150 up is difficult given current state 🙂
[15:04]   r m : 🙂
[15:09]   Shai : Yes RM
[15:09]   r m : Thanks
[15:09]   Shai : The best strategy for MO at -70 is to sell ATM put and buy another strike 200 points out for protection
[15:09]   r m : ok
[15:09]   Shai : same for MO at +70
[15:10]   r m : Thanks
[15:10]   Shai : NF wants to close vwap
[15:11]   Kathir : where is bnf vwap now
[15:12]   Shai : I meant sell 8400 Put and buy 8200 put to protect
[15:13]   r m : @Kathir near 18125
[15:13]   RK : thanks Shai..RM cleared 🙂
[15:13]   Kathir : thnx rm
[15:14]   r m : welcome Kathir
[15:14]   Navaneeth : Shai bro, See BNF delta at 3:00 pm
[15:14]   Navaneeth : Nothing to be seen, What that means?
[15:15]   Shai : got canclelled out for that candle
[15:15]   Shai : could be proit booking of intra dayers
[15:15]   Shai : profit*
[15:15]   Hussain : Shai given d option whom would u prefer Peter Steidlmayer, Dalton
[15:16]   Shai : Dalton is basic . Pete took it to te next level
[15:16]   Amit J : lot of midcap unwinding shai as today is last day of the yer
[15:16]   Amit J : year
[15:16]   Shai : yes
[15:16]   Hussain : ok
[15:21]   Shai : BNF wants a close at POC
[15:22]   Shai : nice neutral extreme setup for Mon
[15:22]   Shai : NF normal variation center
[15:22]   Shai : good response from lows and sellers checked in balance
[15:22]   Amit J : impact? nice neutral extreme setup for Mon
[15:23]   Shai : Buy setup abv day high with sl of day lows
[15:24]   Amit J : ok thks
[15:30]   Kathir : Thanks and bye all 🙂 have a nice weekend
[15:31]   RK : thanks and bye all
[15:31]   Porus : Bye all
[15:31]   Shai : Bye all
[15:31]   Shai : Have a nice weekend
[15:31]   Shai : catch up Mon
[15:32]   r m : Thanks and bye folks, have a great weekend 🙂
[15:32]   Hussain : thanks, bye all !