General Chat Transcript
Date and Time: January 30, 2015 09:09:59
[08:44] r m : Good Morning folks!
[08:44] r m : http://vtrender.com/levels-and-plan-for-30th-jan/
[08:45] r m : http://vtrender.com/premium/orderflow-charts-and-notes-2901/
[08:45] r m : NF Hypo1 above 8967➜9015➜9065➜9110 SL 8942 Hypo2 below 8941➜8900➜8872 SL 8967 FEB Future levels
[08:45] r m : BNF Hypo1 above 20670➜20824➜20976 SL 20591 Hypo2 below 20524➜20368➜20280 SL 20588 FEB Future levels
[08:47] r m : Results today – Mahindra Life, NTPC, JSW Steel, Sun TV, Bank of Baroda, HCL, Dabur, Tech M
[08:58] Sharad : GM all
[09:04] Shai : GM all
[09:05] Porus : GM all
[09:05] Rahul G : wow gm all
[09:05] Rahul G : shai this is better thanks
[09:06] Tejpreet : Gm all.
[09:13] RK : GM all
[09:13] Amit J : gm all
[09:17] Shai : 9016 and 9064 are 2 ref lines above 8967
[09:17] Shai : we go long above 9017 for 9067 ad a possible 9100- 9112 by Mon
[09:21] Shai : BNF not staying abv 20670
[09:22] Shai : 80% trdae
[09:23] Shai : 20630 to 20537 with sl of 20680
[09:24] Shai : back in yesterday value
[09:27] Shai : stop taken on that BNF 80% trade
[09:27] Shai : still a noisy open
[09:27] Sharad : Shai in BNF what is 2 blue lines @ 20699 and 20629
[09:28] Shai : developing values
[09:28] Sharad : ohh forgot that
[09:28] Varun : bnf mite have tested support at pwap/ppoc
[09:29] Amit J : shai your view on exide short
[09:29] Amit J : i exited dr reddy adani and ashok at open
[09:29] Rahul G : amit u still holding sslt
[09:31] Shai : exide has to break 191 for 178
[09:31] Shai : risk easy to mange below 191 for those 12 points
[09:32] Amit J : thanks
[09:32] RK : can try a short for 8967?
[09:32] RK : with 9020 SL
[09:34] Tejpreet : Shai your views on Hindalco.
[09:38] Shai : Hndalco cash has supp at 138 which it is holding but unable to break past 145 for past few sessions
[09:39] Shai : can still do 145 today as long as it stays abv 141 . above 145 should gallop to 153
[09:39] Varun : @shai evenn nf within pva , 80% ?
[09:39] Shai : Adani Nice Trade Amit- 610 objective met
[09:40] Tejpreet : Ok guess then better to go long via option rather than futures.Tthanks.
[09:41] Amit J : look at unitech
[09:41] Varun : @shai is thr an abnomality at 8968 a broken profile in ystrday value area
[09:41] Shai : Varun I’m getting the NF checked- weird value areas
[09:41] Shai : yes 8968
[09:41] Rav : ongc
[09:43] Shai : looks like 8967- 9015 range
[09:44] Shai : interest will be at 8967 to see if it stays
[09:44] Rav : 9000ce is acting as Res
[09:45] Varun : @shai wr u able to determine the pva
[09:45] Shai : No it’s abnormal here, let’s ask RM
[09:46] Shai : RM value areas from ninja?
[09:46] r m : 8942-8983-9001 VA for NF
[09:46] Varun : so we r at ppoc @rm
[09:46] r m : yes
[09:47] Varun : do abnormalities act as sprt/res
[09:48] Varun : i read i think if thy r crossed, conditions hve chnged
[09:48] Shai : 8971
[09:48] r m : volumes were very heavy at 8983 so VPOC carried up and is in single prints 🙂
[09:49] Shai : abnormalities are more of structure than anything else
[09:49] Shai : the move is not good if it leaves behind abnormalities
[09:50] Varun : we have many below
[09:51] Shai : 8967
[09:51] Shai : aggressive long here in NF for 9015
[09:51] Tejpreet : Have gone long at 8969 .what shld be the SL.
[09:51] Shai : sl of 8942
[09:52] Tejpreet : OK.
[09:53] Shai : True Varn we are keeping a track of it on the blog
[09:53] Shai : BNF can do 680 again
[09:53] Shai : sl of 575
[10:02] Shai : longs are not pushing enough
[10:02] Shai : yesterday prem was 30 now 48
[10:10] Kathir : GM Shai RM and all friends
[10:12] Porus : GM Kathir
[10:12] r m : Hi Kathir
[10:13] Shai : Just to review the orderflow at 1st hour on the green and pink volumes – Notice the bar of 9.50 in NF where the green 8075 is
[10:13] Shai : that is the agrressive buyer at the lows
[10:13] Shai : on all down bars we pay attention to the lows to see the buyer responding
[10:14] Shai : and at the open the 9.15/ 9.20/ 9.25 bars have equal buyers and sellers
[10:14] Shai : at the top there is green / red togeher
[10:15] Shai : but in the 9.30 and 9.35 bar we have 2 reds at the top
[10:15] Shai : 8900 and 8300
[10:15] Shai : I’ll try to do a review on the past 3 days orderflow over the weekend
[10:16] Varun : great @shai
[10:16] Shai : for all of us to grasp this much better
[10:16] RK : Shai but in 10.00 and 10.10 bars we have sellers 26075 and 10575,24375
[10:16] Tejpreet : Thanks Shai.
[10:16] Varun : if possible give us keen take aways so we can spot like market profile
[10:17] Shai : Yes RK
[10:17] Shai : Hence I said that the buyers need to do more
[10:17] Varun : but @shai isnt this 5 min orderflow more for 5-10 point scalpers
[10:17] RK : ok, so we can take a call when we see bulk qty esp when we are making lows and vice versa to position the trade
[10:17] Varun : cos it changes any minute
[10:18] Shai : Varun most people trade 20- 30 points in NF
[10:18] Varun : ok
[10:18] RK : Relcap good move upside
[10:18] Shai : but what we do is use this info to keep a track on the auctin process
[10:18] Shai : and create levels for the future
[10:18] Varun : no my point was does it decide a trend or gives us alrger picture
[10:19] Shai : it’s the mini pieces of a big jigsaw puzzle
[10:19] r m : 🙂
[10:19] Shai : our job is to figure the puzzle as always
[10:19] Sharad : Shai can we try 10 minutes time frame as 90% people use 5 minutes … wehave to be diiferant… try one day and check results
[10:20] Shai : Sharad it is the same info
[10:20] Shai : TF does not matter as we are dealing with traded prices
[10:20] Sharad : in normal chart i use 10 minutes and results are very much better then 5 minutes timeframe
[10:20] Varun : the second chart(middle) gives us the actual trades, isnt tht more authentic
[10:21] Varun : hw is tht diff from the first one
[10:21] Rav : 5 MIN is the most tested without much whipsaw and 10,15-30 min are meant for positional traders
[10:21] Sharad : we use averages.. and that makes lot of differance with 5 and 10 minutes
[10:25] Rav : ongc from 351 to 357.50. abobe 358 ………………
[10:28] Shai : If I move this chart to 10 mins or even 30 mins or even fo a 10 point range chart or a 200000 volume chart the only thing different will be the delta at the bottom as that is bar specific
[10:28] Shai : rest all will be the same
[10:29] Shai : we are delaing with volumes here, just the look differs everything else remains the same
[10:29] Rav : Now charts look best and colorful shai
[10:30] Shai : Thanks Rav
[10:30] Shai : 20651
[10:30] Kathir : @SHAI 10.20 bar bottom 7700isgreen but 15525 sellers there but in white colour?
[10:30] RK : Rav ONGC is in buy list above 356.50..whats your tgt and SL?
[10:31] Sharad : ok Thanks Shai
[10:31] Shai : Kahir always see cross or diagonally
[10:32] Rav : 395 is t sl is 350
[10:32] Shai : 1475 sellers to 7700 buyers hence went up
[10:32] RK : thanks Rav
[10:32] Kathir : oh ok
[10:32] Rav : 9000ce oi 52 lacs LBU and 9000pe SC ?!
[10:33] RK : Kathir, people sell from bottom and buyers pick it up from top and run away..best way to memorise like how we do in maths and chemistry 🙂
[10:33] Kathir : ok 🙂
[10:33] r m : 😀
[10:33] Kathir : @rk i never like chemistry
[10:34] Kathir : physics also
[10:34] RK : Kathir me liked only tamil,english and history..thats why all these quick guides 🙂
[10:34] Sharad : Ravi don’t you think someone is buying 8700, 8300 , 7900, 7800 put ?
[10:36] Sharad : and 9000, 8900 , 8800 all put shorts are covering on day one somthing wiered
[10:37] Kathir : @RK ok ..i like history book.once they give new book to me i will start painting mustack beard etc for all those foriegners 🙂
[10:37] Sharad : 8800 call is unwinding 7 lac quantity.. all are very much bearish sign
[10:37] RK : 🙂
[10:37] Kathir : @sharad all are waiting for a downfall
[10:38] Sharad : Kathir this are actual trades and it is not expectations..
[10:38] Rav : 9000CE Buying and 9200ce selling ( bull call spread happening)
[10:39] Sharad : put shorts covering, call longs unwinding, put buying all is sign of very bearishness
[10:40] Shai : @Varun the middle chart is traded contracts and on market orders mostly ( 80% accuracy) whereas the mian chart is all volumes limit and market included
[10:41] Shai : key diff is that is contract numbers and this is volumes
[10:42] Amit J : 191 gone exide
[10:42] Kathir : @SHAI yest you mentioned some anomoly @ 8968 and below that will create selling pressure?
[10:42] Rav : 8940 is imminent cinsidering this option of 9000ce now and if SC happens like yesterday in single candle,,,9000 will be taken out
[10:49] Shai : Kathir yes 8962 vah and 8959 yesterday vwap
[10:49] Shai : below that support band should drop hard
[10:49] Kathir : ok thanks
[10:53] Shai : that 40650 in NF at 10.40 is at the lows
[10:53] Varun : trapped
[10:53] Varun : ?
[10:53] Shai : generally if the sell volume is at lows then it can get trapped
[10:54] RK : yes was looking at that sell numbers and wondering what was going to be effect of the volume 🙂
[10:54] Shai : there are overhead sellers at 8975 who may assist him today but is a recipe of a trapped position
[10:56] Shai : so what I’m seeing now is as the market approached 8975 the qty of red increases or decreaes
[10:56] Shai : *approaches
[10:57] Shai : so we have 4175 on the earlier bar and 7675 on the 10.50 bar
[11:01] Shai : sllers coming now
[11:03] r m : val cometh
[11:04] Rav : 8945 booked
[11:04] Kathir : what levels you went short RAV
[11:05] Rav : vwap 8984
[11:05] Kathir : oh ok super ge
[11:06] Amit J : what is ib in banknifty
[11:06] Amit J : ok got it, no color change
[11:08] Shai : IB is the slighty darker shad marked in white at right
[11:09] r m : Hypo2 in NF but a sea of green
[11:10] Rav : kathir here in this candle http://www.screencast.com/users/Ravicbe/folders/Jing/media/a13c73dc-998b-4e92-a91f-0b8960beba5a
[11:10] Rahul G : shai views on tatamotors
[11:10] r m : bn fast move in hypo2
[11:12] r m : bn near target1
[11:13] Rav : 8941 short booked at 8910
[11:15] Rav : at YVWAP level
[11:18] Rahul G : rav that is yearly vwap lvel
[11:19] Rav : 20368 booked
[11:23] Kathir : @rav thanks for the link
[11:23] Kathir : congrats
[11:23] RK : Has anyone’s 8940 SL order slipped? mine is 🙂
[11:27] Kathir : no RK I did not trade there
[11:28] Shai : tatamotors can do 568/ 574 with sl above 597 casg
[11:29] r m : bnf at target2
[11:30] Shai : imp areas here 8900/ 20280
[11:37] r m : Angel’s rollover report – http://tinyurl.com/FEBrollovers
[11:37] RK : thanks RM
[11:37] r m : welcome
[11:39] Shai : vix 21
[11:42] RK : bears are quick and rushing here
[11:45] Shai : using 8872 as support
[11:45] Shai : bulls easy over 8900 only
[11:45] Shai : vwap has expanded so vol is good
[11:46] Shai : if 8872 goes we can drop t 8824
[11:47] Shai : 8921 objective abv 8872
[11:48] Shai : more long winding in NF
[11:48] Shai : but shorts may have come back in BNF
[11:48] Shai : long Unwinding**
[12:16] Shai : BNF getting some buyers
[12:16] Shai : counter tred traders will look to buy in small qty with sl below 20125 for 20260\
[12:16] Shai : *trend
[12:18] Kathir : @shai views for usd/inr supp res now?
[12:20] Shai : Kathir 62.38
[12:20] Shai : supp 61.70
[12:20] Kathir : ok thanks
[12:21] Shai : welcome
[12:23] Shai : 20260 : (12:16) Shai :counter tred traders will look to buy in small qty with sl below 20125 for 20260\
[12:23] Shai : 8915 : (11:47) Shai :8921 objective abv 8872
[12:24] Shai : if we hold over 8900 now we are looking at a friday close of 8950/60
[12:24] RK : 8917
[12:24] RK : sorry 8914
[12:25] Shai : 🙂
[12:25] Shai : sell off was just like last week
[12:25] Shai : out of the blue
[12:26] RK : LT bounced nicely from lows
[12:27] RK : RAV ONGC too marginally saved
[12:28] RK : Shai can you pls update on Axis levels
[12:29] Rav : yes rk. sl was not put
[12:30] Shai : axis should restest 577/579 but sl is at 605
[12:31] RK : thanks
[12:31] Varun : @shai has ordeflow blue/red changed in nifty or bank nifty
[12:31] RK : SL for intra Shai?
[12:31] Rav : WL of 346 is now sl. this sl must be considered only when 5 min candle is closed at that level
[12:32] RK : Thanks RAv
[12:33] Shai : 598 intra
[12:33] RK : fine
[12:34] Sharad : Shai what is this dark blue line at 20260 Shai lal rekha ?
[12:35] Shai : dpoc
[12:35] Shai : Varun BNF is running close to a sell
[12:35] Shai : No change in NF
[12:35] Sharad : ok then where is Dval ?
[12:36] Shai : 20140
[12:36] Shai : got trapped behind wk low ref line
[12:36] Sharad : ohh ok fine thanks
[12:37] Amit J : icici result today thats why
[12:38] Amit J : that will give direction, mostly on downside
[12:39] Tejpreet : @Shai lvls to build short in Indus Bank.
[12:40] Varun : so can we expect big selling below 20140
[12:46] Rav : 20000-20300 spot, there is a trap in between at 20200
[12:50] Rav : 19000-19500-20000pe writing is on and 21000ce writing is on
[13:04] Shai : indusind bk looks a nice short with sl above 885
[13:04] Shai : momentum down will increase below 860
[13:04] Shai : can tgt 847/ 830
[13:05] Tejpreet : Thanks .
[13:18] Shai : welcome
[13:19] Shai : buyers are controlling these lower areas
[13:19] Shai : auction now 8872- 8920
[13:19] Shai : above 8920 should give 20- 40 quickly
[13:20] Shai : expecting quick rise to 8955 – scene of the crime
[13:20] Shai : what time is ICICI?
[13:22] Amit J : anytime now
[13:26] Shai : if 19970 spot goes away in BN the drop is to 19784 in minutes
[13:26] Shai : roughly 200
[13:27] Shai : yes I though as much these banks give away at 1.00- 1.30
[13:44] Shai : now buyers in NF
[13:51] Shai : where is icici?
[13:52] Shai : chanda not giving go ahead?
[13:52] r m : must be busy in swachhta abhiyaan 🙂
[13:53] Shai : 🙂
[13:53] RK : expecting bad numbers?
[13:53] Shai : Don’t know RK
[13:53] Shai : BoB was very bad in psu
[13:54] Shai : 400 call and 370 put have highest buildup
[13:54] RK : Yes..
[13:55] Shai : but looks like a short buildup on chart so far intra
[13:57] Shai : even BNF delta from high seems to suggest shorts are still holding for positional
[13:58] Shai : but NF looks covered
[13:59] Shai : the media did not get 9000 spot to scream about even today 🙂
[13:59] Shai : Think was 8985 the other day
[13:59] RK : yes 8985
[14:00] RK : 8989 could have been easy to remember 🙂
[14:02] r m : Coal india OFS subscribed 32% till now in general category
[14:07] Amit J : icici came
[14:07] Rav : 375-362
[14:08] RK : 19970 spot goes
[14:08] Shai : yes
[14:09] Shai : 19784 tgt
[14:09] Tejpreet : got quick 50 points bnf
[14:10] Shai : 361 icici down 5
[14:15] Shai : 19825
[14:16] Shai : 🙂
[14:16] Amit J : icici gone
[14:17] Amit J : shai i am short any support
[14:17] Shai : on icici?
[14:17] RK : great Shai..nicely done
[14:18] Amit J : yes
[14:18] Shai : BN book
[14:18] Shai : if it enters will climb up to 19970
[14:19] Shai : 355 supp icicic cash
[14:22] Shai : BNF can still close at 19754 on this volumes
[14:23] Shai : rissky to short here but on a bounce will look
[14:23] Shai : 19970 dval can be a spot to reshort
[14:23] RK : Jan view – break of 19749 quick move to 19633
[14:24] RK : Shai, better SL for 19970 short?
[14:25] Shai : up at 20060
[14:26] RK : ok
[14:26] Shai : wait for a pull back
[14:26] RK : Yes
[14:26] Shai : can trap new sellers here
[14:27] Shai : you can ofcourse go ahead and plant that trade, just my nature will not let me make a fresh entry here
[14:28] Shai : 8824 also comi g up
[14:30] Shai : 8827
[14:30] Shai : some hint of buying in NF
[14:30] RK : fully loaded with stocks..so let me wait for pull back..dont want to chase the price
[14:34] Shai : rejection at 8872 can set up a close in Nf at 8824 or 8800
[14:48] Shai : still undecided at 8972
[14:49] Shai : cross of 8973 can fetch 30 points to 8903 with sl of 8959
[14:49] Shai : if we see a new seller at the top here then we will sell off again
[14:53] Porus : exide cracked
[14:57] Shai : icici holding 355
[14:58] Shai : that means BNF will be quiet
[14:59] Rav : ITC SC happening at 369
[14:59] RK : Shai we are below your monthly spot level of 8825..any positional or will decide tomw
[14:59] Shai : shorts carry is good only if close is below 19780 spot
[15:00] Tejpreet : Bank nifty tempting to sell 18000 put at 90 with vix at 20 plus
[15:00] Tejpreet : post rbi vix shoild settle.
[15:00] Tejpreet : should
[15:00] Amit J : techm short any view shai
[15:00] Shai : tejpreet IV’s will collapse on Mon even or tues morning not over weekend
[15:00] Tejpreet : yes that is why planning to sell
[15:01] Shai : we may get a trip to 19970 Mon if we close abv 19780
[15:01] RK : ok
[15:01] Rav : itc 371.50
[15:02] Rav : 375 sc target
[15:05] Shai : techm nearing supp at 2820- 2830
[15:05] Shai : better to short on bounce
[15:17] Shai : quiet friday afternoon
[15:17] Shai : moves came through the day
[15:17] Shai : BNF 820 point range
[15:23] Amit J : adani again 10%
[15:25] Shai : was 6% a few mins back
[15:25] Shai : nice move
[15:26] Shai : people buying in closing mins
[15:26] Shai : adani
[15:27] Shai : was behind Mukesh Ambani in that famous queue at the Obama meet
[15:27] Shai : Fast forward 5 years he will be ahead of Ambani 🙂
[15:27] RK : so the scrips 🙂
[15:28] r m : Ambanis are not doing anything new
[15:28] Shai : RIL has been stagnant on 1 year basis
[15:28] r m : they are like a govt company 🙂
[15:28] Shai : jio
[15:29] Shai : schools, hospitals and clubs 🙂
[15:29] r m : yeah!
[15:29] Shai : 8887
[15:30] RK : 20000 🙂
[15:30] Shai : 20000 it is
[15:30] Shai : close abv 19780 puts 19970 spot for Mon open
[15:30] r m : 20000.00 mind the decimals 🙂
[15:30] RK : RM 🙂
[15:31] r m : Thanks and bye folks, have a great weekend 🙂
[15:31] RK : thanks and bye
[15:31] Porus : bye all
[15:31] Shai : Bye all
[15:32] Shai : Have a nice weekend
[15:32] Tejpreet : Bye All.
[15:33] Amit J : bye
[15:35] Manoj : shai u there?