OrderFlow charts and Notes 30/09/15

[08:45]   Shankar : GM RM
[08:45]   r m : Good Morning folks!
[08:45]   r m : Hi Shankar
[08:45]   r m : http://vtrender.com/levels-and-plan-for-30th-sept/
[08:46]   r m : http://vtrender.com/orderflow-charts-and-notes-290915/
[08:46]   r m : http://vtrender.com/consolidated-orderflow-290915/
[08:46]   r m : Nifty OCT Future levels | KRA 7815 | Hypo1 above 7898➜7947➜8032 SL 7845 | Hypo2 below 7830➜7772➜7680 SL 7875
[08:46]   r m : Banknifty OCT Future levels | KRA 17152 | Hypo1 above 17490➜17571➜17650 SL 17390 | Hypo2 below 17152➜17050 SL 17248
[08:49]   Augustin : GM all
[08:57]   Moses : GM rm, Shai and All
[08:57]   Sandeep69 : gm all
[08:57]   r m : Hi Moses
[08:58]   Gangesh : gm all
[09:01]   Anay : GM All
[09:04]   Shai : GM all
[09:06]   Srini A : GM All
[09:09]   Tejpreet : GM All.
[09:09]   Uttam : GM All 🙂
[09:13]   Naveen : Gm all 🙂
[09:14]   Ashish : Gm all
[09:16]   Shai : slightly stronger open than expected
[09:16]   Shai : those newsletters are getting read 🙂
[09:16]   r m : 🙂
[09:17]   Shai : see 7930- 46 as res on day today
[09:17]   Shai : support for the open at 7900
[09:21]   Shai : weekly option 8100 ce is a part book here at 90- 91 and move sl to cost 70 on rest. final tgt 119 for week
[09:21]   Shai : From yesterday- (12:46) Shai :Weekly option call : Buy 8100 ce with sl of 48 tgt 92 and 118 cmp 68-70. hold period FR-Mon
[09:21]   RK : GM Shai.RM and all
[09:22]   r m : Hi RK
[09:24]   Gangesh : hi all i m new in this field. plz help to understand all thing
[09:27]   Shai : @ Gangesh pls refer to your welcome kit, where we have sent all links to understand the charts and try to observe today and tom
[09:27]   Shai : It’s easy to pick up once you have gone through the notes sent
[09:28]   Shai : NF 7900- 7946 range for open
[09:28]   Shai : seller is persisting near highs
[09:30]   Shai : BTST call in NF – book out here 7930
[09:31]   Shai : we will take a fresh long on intraabv 7947 sl of 7914 tgt 7984/ 8017
[09:33]   Varun : shai is the vol profile composite in last window
[09:34]   Uttam : BNF longs also book out or stay Shai?
[09:41]   Uttam : 80% rule will not be applicable today is it for NF if goes below 7893 as yesterday was trend day?
[09:43]   Shai : BNF also can book
[09:43]   Shai : our obj at close was 7930 and 17490 revisit
[09:44]   Uttam : done Shai, holding the BNF strangle do we revise the SL in that to cost now?
[09:44]   Shai : It’s upto new buyers now to push it higher for which we will use 7946 as ref
[09:44]   RK : Shai OF not confirming buyers at dips now?
[09:44]   Shai : yes there are buyers at dips
[09:44]   Ashish : only 1 green (54675) @ 7900 till now
[09:45]   Shai : 30 min chart and OTF day
[09:45]   Ashish : ohh yes
[09:47]   RK : early newsletter guys who bought afternoon sold now and what they are selling is bought by late newsletter guys now 🙂
[09:50]   Anay : didn’t get the “newsletter guys” reference
[09:50]   RK : Anay, Shai was telling after rate cut news that soon big boys will get newsletter from bosses
[09:51]   RK : and when we moved up, it was known that newsletter was saying “buy buy India” 🙂
[10:03]   Soumya : Still FII’s selling big time in cash na? Last day also it was above 1000 crs
[10:05]   Uttam : NF taking support exactly @ YVAH
[10:06]   Himanshu null : Shai nf short possible??
[10:06]   RK : Soumya yeah that’s true..but they may be reducing cash exposure and playing safe longs with Fut and options due to ongoing volatile globex scenario..
[10:06]   Anay : @RK ok 🙂
[10:06]   Gangesh : nf or bnf short ?
[10:07]   RK : Gangesh we are flat now..no position
[10:07]   Uttam : BNF taking support @YPOC
[10:08]   RK : @Gangesh (09:31) Shai :we will take a fresh long on intraabv 7947 sl of 7914 tgt 7984/ 8017
[10:09]   Hemant : GM folks
[10:09]   Hemant : Shai, ok to hold onto puts picked up y’day?
[10:10]   Gangesh : ok
[10:13]   RK : but RM’s data says FII still in short mode even in Futures..right RM?
[10:15]   Hemant : Shai mentioned some emotional buying too
[10:16]   Shai : Buy BNF 17390 sl of 17323 tgt 17490
[10:17]   RK : IB is done with VAH and FA levels..Shai are we going to fade these extremes today?
[10:18]   Shai : looks like a quieter day today
[10:19]   RK : fine
[10:20]   Shai : BNF move sl to 17303 just to be safer
[10:21]   Shai : poc is showing buyers and we are looking for test of 17390 again
[10:21]   Uttam : 17490 you mean Shai?
[10:28]   Jay null : shai was there ST at today low
[10:34]   r m : (*** Private to RK ) my net is pathetic, getting chat msg after 10 minutes or so hence not replying – will not make sense in chat to have an unconnected piece 🙂
[10:36]   RK : test
[10:49]   Ravi : sltrgrd
[10:50]   Uttam : yep BNF SL hit
[10:52]   Rahul P : so far looks only timepass mode around vwap
[10:58]   Anay : currently, TPO = Time Pass Opportunities
[10:58]   Anay : 😀
[10:58]   Varun : am i noticing the vol profile as mirror for first time or it put today only
[10:58]   Varun : whtever it is, shai , keep it going
[10:59]   Varun : is an imp tool
[11:04]   Himanshu null : Shai amazing level in bnf not getting broken convincingly
[11:05]   Himanshu null : bnf longs hold rite?
[11:06]   Anay : 10:20 Shai : BNF move sl to 17303 just to be safer
[11:07]   Himanshu null : sl taken
[11:10]   Jay null : shai, bnf buy with 17172 sl
[11:11]   R Goel : does the yellow line in the TPO profile signify anything
[11:12]   Ashish : @Rg, its the current price.
[11:13]   R Goel : ooh thanks ashish 🙂
[11:13]   Ashish : 🙂
[11:15]   Ravi : shai…
[11:15]   Ravi : any long from here
[11:35]   Uttam : in NF longs above 7947 Shai had said
[11:50]   Shai : back
[11:50]   Uttam : welcome back Shai 🙂
[11:50]   Shai : thanks
[11:50]   Shai : BNF got stopped out
[11:51]   Uttam : yep
[12:01]   Shai : NF gaussian profile in making with buyers below and sellers above
[12:01]   Shai : shows locals more
[12:02]   Shai : clsoing wise looking for anoher close abv 7930 prefreable 7945 for the move to 8041 by mon
[12:02]   Sandeep69 : so basically no trades /
[12:02]   Shai : we buy the breakout if it comes
[12:04]   Vivek K : hope not a spikey afternoon
[12:07]   Sandeep69 : shai , breakdown below ?
[12:21]   Shai : 7900
[12:21]   Shai : (09:28) Shai :NF 7900- 7946 range for open
[12:34]   Shai : can spike up here
[12:34]   Uttam : so we buy above 7947?
[12:34]   Shai : yes
[12:34]   Shai : watch BNF abv vwap- should lead up
[12:34]   Shai : 17353
[12:35]   Ravi : vwap@
[12:35]   Shai : (12:34) Shai :17353
[12:36]   Ravi : nifty bought
[12:37]   Naresh : Ravi. yes we saw your 44k qty 🙂
[12:38]   RK : 17230 BNF spike really tested the patience..isn’t it Ashish? 🙂
[12:38]   Ravi : ys …
[12:39]   Sandeep69 : shai bnf having difficulty in breaking vwap, so contra trade here ?
[12:39]   Ashish : oh yes, Rk..
[12:39]   Gangesh : buy nifty?
[12:39]   Sandeep69 : or too risky
[12:40]   Kiran : shai can u pl adjust bnf 5 min charts
[12:40]   Ashish : now it should clear vwap soon..
[12:40]   Shai : keep an NF buy abv 7947, not enough buyers to psuh vwap in last attempt
[12:41]   Shai : besides BNF also has to move abv vwap
[12:41]   Shai : (for those who did not get in)
[12:42]   Uttam : had kept a buy above 7948 so not yet in
[12:43]   Shai : can still spike up if BNF confirms
[12:43]   Uttam : yep do feel we are in for a spike up too
[12:50]   Gangesh : i think crossed
[12:50]   Mohit : 7947.25 touched
[12:51]   Uttam : NF longs on
[12:51]   RK : ok now got that back what was taken in last hour yday..now they will give us more 🙂
[12:51]   Uttam : 17355 the levels for BNF to sustain now
[12:52]   Sandeep69 : nifty spot yet to take out morning high
[12:52]   Sandeep69 : bnf also not going above 17353
[12:52]   Uttam : a DD possible today in NF now?
[12:53]   Sandeep69 : done
[12:54]   RK : moving on very low volume.Isn’t it Shai?
[12:54]   Shai : yes
[12:54]   Shai : and sellers still there
[12:54]   Anay : sellers at 60 can bring vap
[12:54]   Anay : *vwap
[12:54]   Shai : Exit the NF long trade at cmp 7955
[12:55]   Shai : higher risk of failing
[12:57]   Uttam : okies done
[12:57]   Uttam : levels to go short?
[13:01]   Shai : aggressive buy BNF abv 17365 sl of 17303 tgt 17424
[13:01]   Shai : go with smaller size
[13:02]   Augustin : @Shai – have always wanted to ask, aggressive would mean large try? shouldnt it be conservative buy??
[13:03]   Sandeep69 : shai an observation that 8100ce has still not broken past its open/high /
[13:03]   Shai : NF short for 7930 can be taken with sl of 7965
[13:03]   Augustin : qty*
[13:03]   Sandeep69 : signifies anything
[13:03]   Shai : Augustin an aggressive trade is a quick signal and has more risk in it – hence smaller size
[13:04]   Augustin : alright. got it
[13:04]   Shai : a conservative signal is baced by price and ordeflow+ profile
[13:04]   Augustin : Tks
[13:04]   Shai : I base it on the element of risk of failure
[13:05]   Augustin : yeah. understood the point.. I was thinking in a different way
[13:05]   Shai : 🙂
[13:05]   Augustin : 🙂
[13:06]   r m : @Sandeep69, in a high VIX environment CEs have a big disadvantage, as the index goes up vix comes down and premiums reduce, so NF will have to go higher then day high for 8100CE to scale its open high 🙂
[13:06]   Shai : BNF trade is based on the IB band setup – only this time I want to be sure vwap will help
[13:06]   Shai : last time our trade stopped at vwap and came down
[13:08]   Sandeep69 : rm but nf has made several new highs today after the open, ib
[13:08]   r m : but VIX is 5% down, so the highs have to be big enough to beat the volatiity squeeze
[13:09]   Sandeep69 : okay
[13:09]   Sandeep69 : thanks rm
[13:09]   r m : welcome
[13:09]   Shai : Sandeep that 8100 ce was showing sone res at 92 hence had put as tgt 1
[13:18]   Uttam : Shai BNF going down but NF is not, one has to give way soon either side….
[13:20]   r m : K period trying breakout today but Varun has abandoned it 🙂
[13:21]   Varun : rm my 2 paisa dnt trade breakout next to trend day
[13:21]   r m : 🙂
[13:21]   Varun : fade it
[13:21]   Varun : like if we have a up trend day
[13:21]   Varun : look to buy fa at lows
[13:21]   Varun : ure with trend and fading it
[13:21]   r m : also OAIR, normally only fading trades in first 3-4 hours
[13:22]   RK : Anay bringing it to VWAP inch by inch 🙂
[13:23]   Shai : BNF can do 17185 now
[13:23]   Anay : @RK 🙂
[13:23]   r m : @RK 🙂
[13:24]   Varun : bnf cld just dump any oment
[13:24]   Shai : done- (13:03) Shai :NF short for 7930 can be taken with sl of 7965
[13:24]   Shai : thos e 2 guys at 12.50 are a stubborn seller
[13:25]   Shai : Sell BNF 17260 and at 17310 in 2 part sl of 17360 tgt 17185 and 17145
[13:25]   Shai : remove the BNF buy above
[13:26]   Shai : 17310 – if it comes
[13:27]   Shai : I don;t think vwap will supp NF below 7930- can fall to 7900
[13:27]   Sandeep69 : sab milke zor lagao
[13:32]   Shai : tgt 1 BNF- Move sl to cost on rest
[13:33]   Uttam : cost will be the 17260 level right not the 17310 one?
[13:34]   R Goel : but shai if we see the full day bid there are no sellers
[13:34]   Shai : 17260
[13:34]   Uttam : thanks Shai
[13:35]   Shai : RG from 12.45 we have sellers 7955 onwards
[13:35]   Shai : see 30 min chart
[13:37]   Shai : vwap NF has sellers now
[13:37]   Uttam : oh not a good sign for bulls…
[13:37]   Hemant : Shai, can it go sub 7800 today?
[13:37]   Hemant : NF
[13:38]   RK : Hemant spare us some mercy 🙂
[13:38]   Hemant : I’m just curious as of now RK 🙂
[13:38]   Hemant : Wondering if these volumes have it to do it or not..
[13:39]   RK : Curious,Wish or whatever it is, but asking for sub 7800 means really scary for weak bulls like me 🙂
[13:39]   Shai : Hemant structure is gaussain so 90% extremes will come to vwap
[13:39]   Shai : balance 10% you can use your size and go for 100 🙂
[13:40]   RK : lol
[13:40]   Hemant : Ok Shai, last 3 days I’m just doing small sizes .. not big on fishing here
[13:41]   Shai : j/jk 🙂
[13:41]   Shai : when vwap/dpoc together they control the day
[13:41]   Uttam : but BNF seems to be weaker today
[13:43]   Ravi : shai whats the positiona in nf short
[13:43]   Uttam : Shai BNF YWAP was @ 17183 which is today’s low till now & yesterday was tredn day so important that it holds for upside in BNF?
[13:43]   Ravi : can hold till 7900
[13:44]   Shai : Ravi exit
[13:45]   Shai : Yes uttam
[13:45]   Shai : Cover the BNF shorts balance
[13:46]   Uttam : ok Shai, thanks
[13:46]   Shai : BNF can do a close at vwap
[13:47]   RK : my 2 cents about weakness and strength..if we remove the bias to look at prices from high/low to current, we can manage positions better..For eg, BNF longs were taken around 16900 yday and still carrying..If we look at day’s action its 300 down but with yday close we are just about 150 down and as far as yVWAP/KRA holds no panic for those longs..this view is based swing/positional and this is what saving me from panic against bigger whips 🙂
[13:47]   Uttam : today both making an inside day so far & gaussian in NF so tom we could have a good move?
[13:47]   Augustin : Good one RK
[13:48]   Shai : On next green in BNF can attempt longs for 17490 BTST with sl below 17140
[13:48]   Uttam : yes RK makes perfect sense
[13:48]   Hemant : Well said RK, appreciate your insight 🙂
[13:48]   Shai : Agree RK
[13:49]   Uttam : next green on the 5 min chart Shai?
[13:49]   RK : 2015 is the best kickass year and panic will wipe us 🙂
[13:49]   Ashish : Good point RK
[13:49]   Shai : after trend day we were expecting consolidation and it has done in upper half so bias stays positive as seller has not acted today
[13:50]   Shai : yes Uttam- see the greens are building in BNF again
[13:50]   Uttam : yep they are…
[13:52]   Uttam : reds coming in now
[13:54]   Uttam : do we have a volume spike in the 13:30-13:35 bar?
[13:56]   Shai : yes
[13:57]   Shai : BTST- Buy BNF 17235-245 sl of 17140 tgt 17470
[14:02]   Uttam : the pink-green line also confirming the buy
[14:33]   Uttam : we have buyers below 17240 in BNF right?
[14:34]   Rahul P : tmrw morning vvip china data coming up….world mrkts will dance to its tunes
[14:34]   Varun : shai if we close a t extreme anf nt at vwap in bell like nf
[14:34]   Varun : does it show strength
[14:38]   Shai : yes Profile cloing here would mean 8000 tom
[14:38]   Varun : alrite , thanks
[14:39]   Varun : nf showing awesome strength
[14:39]   RK : BNF boys are still taking nap
[14:39]   Varun : looking for a close at 300 bnf
[14:40]   Ashish : Shai, also if we combine today and yesterday’s profile, we are getting a p shaped profile which is also a sign of strength. Right?
[14:40]   Uttam : around today’s VWAP right Varun?
[14:41]   Shai : yes Ashish
[14:41]   Ashish : and same in BNF
[14:41]   Shai : what was missing yesterday was a close abv 7930F
[14:41]   Shai : tom is the last day of the week , so hopeflly an exciting afternoon
[14:41]   Ashish : ok, thanks
[14:44]   Uttam : we can have a spike up here & then a gap up tom 😉 too much for asking
[14:46]   r m : the more you ask for more you get 🙂
[14:47]   Uttam : 🙂 thanks RM lets do it guys…
[14:47]   Varun : yes here is the 300
[14:48]   Varun : swesome
[14:48]   Uttam : Super Varun so price meets VWAP (BNF)
[14:49]   Varun : ya bt at 200
[14:49]   Varun : sold some here
[14:50]   Uttam : great
[14:52]   Tejpreet : Good one Varun!
[14:55]   Varun : 🙂
[14:58]   Shai : test
[14:58]   Shai : charts up?
[14:58]   Ashish : yes
[14:58]   Uttam : yep
[14:58]   RK : charts and prices all up Shai 🙂
[14:59]   Shai : thanks
[14:59]   Shai : 🙂
[14:59]   Naveen : Shai can nf do 7995 here??
[14:59]   Shai : 7974 seller is big
[14:59]   Tejpreet : @RK )
[14:59]   Varun : (14:39) Varun :nf showing awesome strength
[15:00]   Shai : +1
[15:00]   Uttam : +1
[15:01]   Shai : NF also a buy on dip now with sl of 7910 for 8040
[15:02]   Shai : NF if we get 17400- 420 we will take some profits and add back tom as it will be a spike
[15:08]   Naveen : Shai can we carry forward longs for tomorrow??
[15:09]   Shai : YES was a BTST
[15:09]   Naveen : ok thanks shai
[15:11]   Sandeep69 : SHAI BN NOT PARTICIPATING HERE
[15:12]   Shai : vix 19.4
[15:13]   Augustin : @Shai – NF seller still there?
[15:13]   Sandeep69 : sorry for caps
[15:15]   Shai : If in NF longs don’r carry here
[15:15]   Sandeep69 : bnf still at vwap
[15:15]   Shai : 7997 is our bias line tom
[15:15]   Shai : either buy the dip to 7940 tom or abv 8001 now
[15:16]   Shai : Augustin partial covered- but still there
[15:17]   Augustin : ok. Tks
[15:20]   Shai : some more covering in last few mins
[15:20]   Shai : see the whites in OTF chart
[15:21]   Shai : a good close in NF- swing will hold here
[15:21]   Shai : shorter trem will look to add abv 8001 or near 7940 tom or Mom
[15:21]   Shai : Mon*
[15:22]   Shai : BNF could have done a bit more buy vwap close was given once yvwap held
[15:22]   Augustin : new selling at 7983?
[15:22]   Shai : (13:46) Shai :BNF can do a close at vwap
[15:23]   Shai : no augustin
[15:23]   Uttam : BNF longs are good for hold right Shai though not done much above VWAP today?
[15:23]   Augustin : Ok
[15:23]   Shai : yes BNF will hold
[15:24]   Uttam : thanks even the strangle now @ 320
[15:24]   Uttam : TSL could be @ cost now?
[15:24]   Rahul P : shai, china data tmrw morning
[15:24]   Rahul P : can swing either ways
[15:25]   Shai : Uttam you can put at cost, but the way it works is closing price + 50%
[15:25]   Gangesh : nifty positional?
[15:25]   Shai : keep bringing the TSL down when starddle works in your favor
[15:26]   Uttam : oh ok that’s perfect, will do the same so today if closes @ 320, TSL will be 480?
[15:26]   Shai : Gangesh not carrying NF here, but we will have a positional tom
[15:27]   Shai : yes 480 to be trailed down every session
[15:27]   Gangesh : ok
[15:27]   Uttam : done Shai will do it that way itself
[15:27]   Uttam : suppose now that premium will start to fall especially over the logn weekend ahead
[15:28]   Shai : yes that’s why
[15:28]   Shai : we can tighten when most of the theta is worked out
[15:28]   Shai : for now we will give t room to play
[15:29]   Uttam : done Shai
[15:30]   Shai : 7986 is a good close
[15:30]   Shai : buy on dips tom is agenda
[15:30]   Shai : Bye all
[15:30]   Shai : have a nice evening
[15:30]   Tejpreet : Bye All
[15:30]   Ashish : Thanks and bye all
[15:30]   Uttam : thanks Shai bye all have a nice evening 🙂
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:31]   Augustin : Bye all
[15:31]   Sandeep69 : bye all