OrderFlow charts dated 19th June 2018
OrderFlow charts – 30 min duration of the Nifty and the BankNifty June Futures showing the Buy side and the sell side imbalances
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09:01 Shai : (09:00) Shai : https://vtrender.com/evening-marketprofile-report-dated-18th-june/
09:43 Shai : (09:43) Shai : Update : Cover the 10900 ce at 24. HOld the 10700 pe with new sl of 47.
09:53 Shai : (09:53) Shai : Intra : Short BankNifty 26280 sl of 26360 tgt 26207/ 26160.
10:01 Shai : (10:01) Shai : Exit the BNF shorts at 26305 here
12:54 Shai : (12:54) Shai : Reduce 50%25 in the NF 10700 puts at 77-78 here. Trail the balance with new SL of 61.
13:11 Shai : (13:11) Shai : Intra : Buy 26300 ce at 119 sl of 99 tgt 166
13:31 Shai : (13:31) Shai : Close the 26300 ce at cost here 120.
14:00 Shai : (13:59) Shai : Positional : Sell BankNifty below 26230 sl of 26470 tgt 25840. cmp 26264. sell below only*. Trade with 50%25 quantity only . Balance we can add later.
14:46 Shai : (14:45) Shai : update : short 26300 pe at 150 as a hedge for the BNF short we are holding. sell pe.
14:47 Shai : (14:46) Shai : 1-1 ratio. If this does not go anywhere till thursday we will benefit
14:53 Shai : (14:53) Shai : Book the 10700 pe full at 71.
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09:00 Shai : GM all
09:00 Shai : https://vtrender.com/evening-marketprofile-report-dated-18th-june/
09:02 Praneeth : GM All
09:03 janak : gm shai. gm all
09:03 janak : ha! premkt makes a mockery of Globe in deep red
09:03 Jatin : gm all
09:04 janak : all asean mkts down 1 to 2% US post mkt tanked big
09:04 janak : ICICI ADR up by 5% in the night!
09:05 Jitender : Gm Folks 🙂
09:06 Uttam : Good Morning All 🙂
09:09 Praneeth : indian market is not bothered with global market?
09:12 janak : he he – operator driven mkt and DII,MF are in control
09:13 janak : they will exit safely from long and then fall
09:13 TP : GM All.
09:16 Jitender : o=h in bth
09:17 Shai : 10777 again res for day
09:17 Shai : 26320 in BNF
09:17 Praneeth : no greens in bnf yet?
09:19 Uttam : 15:07 Uttam : the 10800CE has a FA confirmed at highs today at 92 but needs to close below 74 for follow up…that CE opens down 20 points
09:21 Uttam : lets see which of the 10800 crosses 92 first, that can give a clue for the directional move…now 92 will be sup for 10800pe
09:23 Shai : selling diminshing
09:24 Shai : 10752 failure point of friday for intent
09:24 Shai : along with 10777
09:27 Jatin : hdfc twins supporting
09:27 Mihir : Good morning folks.
09:28 Jitender : icici in red 🙂
09:30 Jatin : watch hdfcbank on declines,that big fund raising is very positive for it
09:31 RK : greens all the way since open in NF Shai?
09:31 Shai : yes no new supply RK
09:31 RK : yes..roughly above 745 they could take this up
09:32 Jatin : looks like the spx will flip at night
09:32 RK : and on the downside they need to extend beyond with this open..and 720-745 balance zone for this open
09:35 Shai : OAOR
09:36 Uttam : NF does 1ATR of 10739 from yesterday’s FA of 10817
09:36 Uttam : 10713 is a vpoc below 10730
09:37 Boppanna : that 78k green right at the bottom looking good
09:37 TP : Shai what are Lower/Upper B and-1/-2 lvls marked in profile charts.
09:38 Shai : extensions of the balance
09:38 TP : tks.
09:42 janak : shai a swing down to 26k in bnf looks poss?
09:43 Shai : Update : Cover the 10900 ce at 24. HOld the 10700 pe with new sl of 47.
09:43 Jatin : A volume highest in more than a week
09:43 Jatin : nf
09:44 Shai : short below 26260 @Janak sl of 26330 for that
09:45 janak : ok
09:48 Shai : BNF is the one stil propped up
09:48 Shai : NF selers increasing now
09:53 Jitender : Shai..spp lvls fr spx pls
09:53 Shai : Intra : Short BankNifty 26280 sl of 26360 tgt 26207/ 26160.
09:54 Shai : 2652 and 2644
09:54 Shai : a spike down to 2644 can come es
09:54 Jitender : tx
09:55 Shai : big problems for es if 2644- 2652 not held at their cash close
09:55 Shai : could signal a 100 point drop
09:55 Shai : but from here more likely that it may hold and bounce for a sell
09:56 Jitender : tx
10:01 Shai : Exit the BNF shorts at 26305 here
10:02 Jitender : theese last 2 bar buyrs fail..we get a trend day
10:06 Shai : BNF up for 26370
10:10 janak : ICICI falling from day high of 295 with 2.4 cr vol
10:12 Jitender : bnf has 14k green at top
10:13 Jitender : Janak HDFC also geetn to flat
10:13 janak : it will go down – bnf
10:13 Jitender : 🙂
10:16 janak : FII have not been aggressive sellers off-late
10:17 Jatin : vix pretty tame
10:18 janak : now ICICI has already fallen 4 pts from top and selling shd get intense
10:20 Mihir : Jit: Good morning. In your trade setup how important role vix plays?
10:21 Jitender : nt much Mihir…just a ref wen it gets attention
10:21 HK : GM All
10:22 Mihir : Jatin*
10:24 Jatin : not much but usually on trend down days it gives an early indication
10:26 Mihir : Thanks Jit/Jatin 🙂
10:31 Jitender : 68.19 usdinr
10:31 Jitender : gt 12p in it
10:32 Praneeth : +1 Jit
10:34 Uttam : congrats Jit 🙂
10:35 Jitender : tx guys
10:36 Jatin : +1 Jit
10:36 Jitender : tx
10:37 Jitender : we shld nw have options fr nifty next 500…tat still is unmanipulated like nifty 50
10:38 Jatin : new los in spot for both
10:38 Jatin : lows
10:39 Jitender : buyrs neutralised (10:02) Jitender : theese last 2 bar buyrs fail..we get a trend day
10:46 Mihir : Jit the moment we have for it. It will get attention too 😉
10:48 Shai : E period can tell us whther this wants to move before europe or not
10:48 Shai : start of D now and still an OAOR
10:49 HK : Shai, are you bullish on BNF intra?
10:49 Shai : 10726- 10752
10:49 Shai : No HK looking at the buyers stuck a 26320 and hther they liquidate
10:50 Shai : res – went to 26324 – (09:17) Shai : 26320 in BNF
10:50 HK : NF can go and test 10643 RBi day vwap Shai?
10:50 HK : Swing view and not Intra
10:51 Shai : yes a cose below 10730 spot ensures that and a bit more
10:52 Shai : but BNF no new selling …old business still holding and we ot a net 82 green at lows today
10:53 Mihir : Anyone for gapfilling before europe open?
10:53 Praneeth : +1
10:53 Praneeth : seems like market is not serious about trump anymore..
10:54 HK : Very poor liquidity, need to suck in more before making up the mind on direction IMO
10:54 Mihir : Mammoth task. Global is one big Lal salam.
10:54 HK : broader market in BTFD mode, looks quite uncertain for bears here
10:55 Shai : oh no Praneeth. Trump is the biggest market mover , responsible for all the moves past 2 years
10:55 Jatin : +1 hk
10:56 Mihir : Bnf wants to do that Shai Number of 370
10:56 Jatin : no panic in broader mrtks
10:56 Mihir : Get me 370 😀
10:56 Uttam : new greems in BNF
10:56 Mihir : 284 boarded.
10:56 Uttam : Nf not interested but
10:56 Praneeth : But nowadays he’s retracting more often right.. tomorrow he may say china is good friend of US ..
10:56 Mihir : That is what moves the market no Praneeth.
10:56 Praneeth : he’s bullying for getting better deals i think 🙂
10:56 HK : swing buyers are weak, sellers are also weak
10:58 HK : Shai, said at the beginning of the series that BNF made all the moves in May and it can balance this series if I rememer right, those were golden words to be set in stone
10:58 Praneeth : yes. but we should have below 26k in bnf if this trade war is serious?
10:58 HK : BNF may not tank much
10:58 Uttam : yes HK +1 BN has made 2 inside weeks this month so far
10:59 Praneeth : hmm
10:59 Uttam : Nifty also so far an inside month
10:59 HK : none can beat the swing views on Shai
10:59 HK : views of Shai
10:59 Uttam : but we has a pretty small range last week so I feel we can get some bigger range this week
11:00 Uttam : green band in BNF
11:00 Uttam : making new hgihs after the opening bar
11:01 Uttam : NF not even moving 10 points
11:01 Uttam : Rs in BNF here looks like
11:01 Uttam : green band gone & POC moving up in the 30min bar
11:02 Uttam : and that 5min line turns to pink from green
11:02 Shai : Gracias 🙂 – (10:59) HK : none can beat the swing views on Shai
11:02 Praneeth : +1
11:03 Mihir : Shai are you catching on football? 🙂
11:03 Jitender : bnf has total 50k greens iin last 10min
11:04 Uttam : but looks supply coming here Jit?
11:04 Jitender : lets c
11:04 Uttam : 10 more minutes for RE
11:06 Shai : you bet 🙂 – (11:03) Mihir : Shai are you catching on football? 🙂
11:06 RK : such global red and US F fall but NF making 20 point range with all inside bars within A after gap down # facepalm and RIP index traders
11:06 RK : seems I need to get back to stock futs in 2018 if Vix and Index remains this way
11:07 Mihir : NF in different planet. Bnf wants RE upside.
11:07 Mihir : RK. I feel one stock for pingpong is worth on the screen 🙂
11:07 Uttam : looks like BNF giving a pullback high here 26332, RK can short below 26285?
11:08 RK : Mihir been there done that and quit them once for all
11:08 Mihir : Yes only if this is what continues 🙂
11:09 RK : I had my own stocks of 15 in watchlist and been a player of taking home delivery min 4 max 8 from watchlist all through 2 years via my SAR system
11:09 RK : despite any event or news
11:09 Shai : Lot of buying at 10770- 10790 has been caught off side. Regardless of this being an OAOR which will move in afternoon, there is defintely a movement today which could be a sharp move up to allow them to liquidate or a frutsrated sell off of inventory
11:09 RK : Uttam yes am looking for test of 26170 min lets see (11:07) Uttam : looks like BNF giving a pullback high here 26332, RK can short below 26285?
11:10 Shai : bottom line- we should trend later in day
11:10 Uttam : (11:04) Uttam : 10 more minutes for RE..looks like NF wanting to break IBL
11:10 Uttam : +1 RK 26185 on my list too 🙂
11:11 Mihir : Uttam one went 20 pts closer to ibh while other lingering towards low. Quite an interesting day.
11:12 Mihir : Oh interesting RK. After meeting index traders I came down from a big list of stocks to just nf bnf and some swing trades for stocks.
11:13 Mihir : Money is in index. I remember Shai’s words about per second trade in index.
11:13 HK : those sellers at 868 should aim for 200 points subject to liquidity else more grind towards that
11:16 RK : Uttam only concern is BNf sustaining above 310..
11:17 Uttam : yes RK but looks like that 26335 will hold now 24k red there
11:17 Uttam : confrimtion below 26285-275 now
11:18 Uttam : (11:01) Uttam : Rs in BNF here looks like(11:01) Uttam : green band gone & POC moving up in the 30min bar(11:02) Uttam : and that 5min line turns to pink from green
11:20 Uttam : 15k red at vwap in BNF
11:20 Jitender : tx Uttam fr RE
11:21 Uttam : 1.3L green in NF
11:21 Jitender : aggregrate
11:21 Jitender : Sls
11:21 Uttam : yep lots of 0’s
11:21 Uttam : many had kept there SL beolow 10730 looks like
11:22 RK : 735 wk low -10 🙂
11:22 RK : SLs
11:22 Uttam : +1 RK BNF still holding that 26285
11:22 Uttam : (11:07) Uttam : looks like BNF giving a pullback high here 26332, RK can short below 26285?
11:23 Uttam : vol coming in 10700pe here
11:23 Uttam : make or break level looks like
11:24 HK : 10723 was the vwap for the move up after the 1 lacs seller at 10807 covered at the lows
11:24 HK : low now 10722.75
11:24 Boppanna : Shai this still holds? 09:44 Shai : short below 26260 @Janak sl of 26330 for that
11:25 Kunal : RB in NF
11:25 Kunal : 5min
11:26 Kunal : 133500 qty
11:26 Uttam : as Jit said that is a cumilative order Kunal
11:26 Uttam : you have many 0s below it
11:26 Kunal : ya
11:27 Kunal : SL triggered mostly
11:27 Mihir : LLT give few points please.
11:27 Uttam : BNf low in this dip so far 26289
11:27 Kunal : till 10722 doesnt break RB is on
11:27 Kunal : waiting for IB
11:27 Kunal : in NF
11:28 Uttam : now BNF at 26285
11:28 Uttam : broken finally
11:29 Uttam : sellers show come commitment & intent now 😉
11:30 Kunal : intent seeler 40500
11:30 Kunal : NF
11:30 Kunal : seller*
11:31 janak : BNF needs to break 260 – it is just not coming to party
11:31 Mihir : Below 285 now
11:31 Mihir : stay there.
11:33 Uttam : 26335 stoploss fro shorts now in BNF
11:41 Boppanna : E period
11:41 RK : respected..now next round below 10715 only (09:32) RK : and on the downside they need to extend beyond with this open..and 720-745 balance zone for this open
11:42 janak : ha ha 280 is a feviquick point in bnf today
11:46 Jitender : 51k green in bnf ?
11:47 Shai : yes
11:47 Jitender : tx
11:53 janak : behaviour of 26k in last 10 min. BNF at 26270 – 26k pe at 52, now bnf at 26295, pe at 54!!!
11:55 Jatin : bnf showing momentum divergence from yday low
11:57 janak : huge funds (MF) are sitting on BNF longs 🙂
11:57 janak : ICICI also
11:58 Uttam : looks like we are going to get a DD today
11:58 Uttam : nice bell in both with narrow range & OAOR
11:58 Shai : pain is at 26300 or 26400 ?
11:58 Shai : anyone can confirm?
11:58 Uttam : 2mins Shai wil check
11:59 Jitender : 26400
11:59 Jitender : actuaaly 26330 typish
11:59 Shai : thanks
11:59 Jitender : 26400 pcr 0.42
11:59 Uttam : yep between 26300 & 400
12:00 Jitender : 26300 pcr 1.40
12:00 Jitender : wc Chief
12:01 janak : max pain 26300 & 26500 overall PCR 0.81 small short covering at 26400 put & fresh call writing visible from 26300 to 26800 call
12:01 Jitender : tis bar has 1lac bnf greens (11:46) Jitender : 51k green in bnf ?
12:02 Jitender : sry 80k greens
12:05 Uttam : RK NF seem to be getting resisted at prev weel low of 10735
12:05 Praneeth : now bnf CE is giving up?
12:05 janak : an attempt to break 260 in bnf is being made?
12:05 Uttam : BNf also 26301
12:06 Jitender : spx -36
12:07 Uttam : whoaa whats happening there Jit?
12:07 HK : carnage there in US
12:09 Uttam : DD cometh?
12:09 HK : Me thinks lot of instituions caught got off guard and probably net shorts is not adquate (indian desks)
12:09 Jitender : trump has asked comm dept to look into imposn 10% more tariffs on chinese goods..buy this is yday nite news..post us mkt close
12:10 Jitender : 2744 Shai’s supp lvl..we r tere
12:10 Jitender : be nimble guys
12:10 Uttam : no wonder Us has been falling post a decent close yesterday where it made a hammer on daily
12:12 Jitender : HSG -900 points
12:12 Jitender : haamara desh badal gay hai 🙂
12:12 Shai : this is taht 200 billion additional – (12:09) Jitender : trump has asked comm dept to look into imposn 10% more tariffs on chinese goods..buy this is yday nite news..post us mkt close
12:12 Uttam : we have been pretty strong in that sense Jit 🙂
12:12 Jitender : yup
12:13 Shai : 2744 last place for a bounce
12:13 Uttam : it is exactly tehre now Shai
12:14 Shai : 90 is there in that PE we hold
12:14 Shai : BNF is the unsure one
12:14 janak : 260 gone in bnf
12:14 Natarajan : 90 on 10700pe?
12:14 Uttam : yes Shai 90 is also 3IB in that PE for today 🙂
12:14 Natarajan : 🙂 🙂
12:14 Shai : yes
12:15 Natarajan : if it does that, my yearly subscription paid by that single trade 🙂
12:17 Shai : anyone knows the best index to track out of China for instant overseas reactions like an ETF?
12:17 Shai : china stocks based
12:17 janak : Natarajan are u trading with 20-30 lots? wow man
12:19 Shai : positiional view Natarajan
12:19 Shai : tat’s the PE we are carrying
12:24 janak : that entire sp downmove of 33 is post-mkt! so must be low volumse
12:24 Himanshu : (12:15) Natarajan : if it does that, my yearly subscription paid by that single trade 🙂 natrajan hope u r following risk management
12:26 Praneeth : shai, bnf 26180 is the target below IBL?
12:26 Shai : yes
12:30 janak : but where to enter for that 180?
12:31 janak : 12.30pm to 1 pm is a whipsaw time
12:32 Uttam : it is DD time Janak 🙂
12:32 Uttam : poor lows in BNF too
12:33 Uttam : 10703 vpoc in NF
12:33 Uttam : spot needs to break & sustain 10715
12:35 janak : yeah but SP is falling and falling
12:35 Jitender : -38
12:36 Shai : yes
12:37 Praneeth : green belt !
12:38 Shai : some one very determined to not let BNF fall
12:38 Jatin : hdfcbk
12:39 Shai : hmm
12:39 Shai : up 1%
12:40 HK : take a bow 10700 Pe writers
12:41 Jatin : OI up almost 5% 10700pe
12:41 Shai : in orderFlow that is called iceberg in BNF
12:42 Shai : 2041 res for HDFC bank
12:42 Praneeth : shai, above what level can we expect short covering in bnf?
12:42 Shai : 26320
12:42 Praneeth : thanks shai
12:42 Lakshay : (12:40) HK : take a bow 10700 Pe writers…..what do you mean ?
12:43 HK : @lakshay there is huge OI , and they are trying their best to protect this zone
12:43 HK : or they want to cover before letting market fall
12:44 Lakshay : ok thanks
12:45 HK : still broader market is bought, strange..
12:45 janak : shai ur original bnf short call today morning – is working – never went to SL level!
12:46 Jitender : bnf anther 19k buyr
12:46 Shai : not that it wouldn’t have worked…just that the buying made it riskier
12:47 Shai : someone will get hurt this afternoon
12:47 Shai : OrderFlow shows supply absorbed but price is trending lower
12:48 Shai : E onwards new lows- (10:48) Shai : E period can tell us whther this wants to move before europe or not
12:48 Shai : stay light guys – something not right
12:49 Jitender : yup
12:49 Natarajan : you mean it can fall further?
12:49 Jatin : all momentum indicators diverging too
12:49 HK : yes too much of contradiction, low confidence here
12:49 Shai : price and OrderFlow divergence
12:49 Shai : not a safe zone to put a lot of risk in the market
12:50 Jatin : that buy intent shai?
12:50 Shai : yes they are absorbing right
12:50 Shai : 2 things could happen
12:51 Shai : either we flash up big before 1.45 and these greens cover
12:51 Shai : or if we continue below 10704 these greens puke
12:51 RK : 10710 spot any significance from conventional charts? saw that ref at many places
12:52 Jatin : 10700 ce/pe has 201ac more in favor of puts
12:52 Jatin : below 10700 that may add more pressure
12:54 Shai : Reduce 50% in the NF 10700 puts at 77-78 here. Trail the balance with new SL of 61.
12:56 Praneeth : now IBL is resisting in bnf
12:57 Shai : H is also a lower low in NF
12:57 RK : Shai thats the problem seems..it could bounce anytime to 10745 after one knee jerk move down
12:57 Shai : yes a bounce here solves the dilemma
12:57 Uttam : RK 10715 was big res level before & even a weekly vpoc once
12:58 Uttam : spot
12:58 RK : ok
12:58 Uttam : 10709 was daily swing low which has just been tagged today
12:58 RK : I think one trap around that zone for buyers possible with a bounce
12:58 Uttam : sorry not yet been tagged
13:00 Uttam : that 10700pe does 2IB
13:02 Uttam : now spot tags that swing low of 10709
13:02 Jitender : 10.7pe has max OI
13:05 Shai : down to 2031- (12:42) Shai : 2041 res for HDFC bank
13:06 Shai : icici coming to the rescue 🙂
13:06 Shai : these guys are really really good
13:07 Shai : watch icici – may zoom up
13:08 Uttam : 10700 pcr still above 1.5 so looks like 700 holding for now?
13:08 Shai : 291.5
13:11 Shai : Intra : Buy 26300 ce at 119 sl of 99 tgt 166
13:11 Shai : 292.8 icici
13:14 RK : Hari cash buying happening across stocks? any signs?
13:14 RK : screen tells me so
13:15 Uttam : NF can tag 10734 once?
13:16 Jitender : spx abv 1744
13:16 Jitender : 2744
13:16 Uttam : it is exactly there Jit
13:16 HK : yes, RK huge buying since morning
13:16 HK : broader market is bought these guys have some info which I dont
13:16 RK : ok
13:17 HK : one theory is India is a beneficiary of china tariffs
13:18 Uttam : BNF leaving a new pull back high at 26280?
13:19 Uttam : stack chart red line has been below the green since morning in both
13:20 Uttam : in fact they have got a bit wider as well
13:26 Shai : USDJPY fo that trade @HK. If you have a chart please post.
13:27 Shai : usdjpy, gold , swiss fank in that order to track the us china trade war
13:28 Natarajan : if china has tradwar with US, is it not good for Indian exports?
13:28 Shai : India is next right
13:28 Shai : If US wins that round India is next
13:28 RK : Shai I think you can get them here https://in.tradingview.com/chart/
13:29 Shai : Thanks RK. I have it in investing
13:30 RK : wc
13:31 Shai : Close the 26300 ce at cost here 120.
13:33 Jitender : 2745
13:34 janak : maybe bnf wants to have a dip below 26200?
13:34 Shai : icici giving up
13:35 RK : I TPO stops the otf
13:35 RK : NF
13:36 Jitender : pain 26300
13:36 Shai : I period as always
13:36 RK : J has to move above else trend day vwap test
13:37 Uttam : which trend day RK?
13:40 RK : today is trend day na 🙂
13:41 RK : Shai’s fav 1.30 vwap pullback I meant
13:41 Shai : yes ofc 🙂
13:41 Uttam : oh ok
13:41 janak : a visit to 10693 in NF?
13:41 Uttam : vwap rejection will be super for an ideal trend day close
13:41 Shai : slow trend day – is fitting somehere in Dalton’s 22 trend day types 🙂
13:41 Uttam : IBL+vwap aligning now
13:41 RK : yes
13:42 Uttam : made a high of 10728
13:42 Uttam : vwap+ibl at 10730
13:43 Uttam : and both just below prev weel low of 10735
13:43 RK : this happened(ing) with 10710 spot (12:58) RK : I think one trap around that zone for buyers possible with a bounce
13:43 Jitender : tis was an ideal place 2 shrt in morn & was rewardn :)(10:02) Jitender : theese last 2 bar buyrs fail..we get a trend day
13:43 Shai : +1
13:44 Uttam : +1
13:44 Uttam : profile wise looks like can tag 10734 once
13:45 Uttam : BNF 26270 has almost all TPOs 😉
13:46 RK : 26305 possible there now
13:52 janak : if symmetrical charts are to be followed NF has do have a dip below 10700
13:53 Jitender : ys
13:53 Jitender : n bnf if 289 holds gets 2 170
13:54 Uttam : (13:18) Uttam : BNF leaving a new pull back high at 26280?
13:55 HK : Shai, please check in July charts if there are any rollovers today when you get some time
13:56 Shai : yes will do that
13:56 HK : Gf says july getting sold
13:56 HK : In NF I mean
13:56 Uttam : BN spot at lows
13:59 RK : BNf has done actually just 100 point range today and looks like long day already
13:59 Shai : Positional : Sell BankNifty below 26230 sl of 26470 tgt 25840. cmp 26264. sell below only*. Trade with 50% quantity only . Balance we can add later.
14:00 Shai : If we get long liquidation looking for this to move to the HVN at 25840 from May
14:03 Boppanna : Shai can we have 26000pe on the options screen
14:06 Praneeth : shai, is this buy intent is striong in bnf?
14:07 Jitender : Janak our discussion yday 10:14 janak : +1 and today if NF closes above 10800 – it is not likely to be visited again atleast for few weeks10:17 Jitender : or close below 740 ..800 will also not be visited fr few weeks.(10:14) janak : +1 and today if NF
14:07 Praneeth : +1
14:09 Jitender : watch uncovern in 10.7pe
14:10 Jitender : if tey hold..ten SC
14:12 janak : pos. bn triggered right?
14:16 Praneeth : bnf shorts safe below IBL?
14:17 Jitender : Parneeth …either way poss from heer as last hr approaches
14:17 Jitender : here
14:18 Praneeth : hmmm.. yes
14:18 Praneeth : is second list from US out on tarrif?
14:18 Jitender : 230 fr dwnside & 285 fr upside to watch if we get a good move..imo
14:18 Jitender : nt yet
14:19 HK : NF just 65 lacs man
14:19 Praneeth : ok..if uncertainity is there i doubt we will move up..
14:19 Natarajan : some political news
14:19 Jitender : BJP=PDP alliance brks in JnK
14:19 Natarajan : bjp severse ties in kashmir mehbooba govt
14:19 Jatin : that is good
14:19 Praneeth : good for shorts 😉
14:20 Jatin : no for india
14:20 Jitender : BJP has done it
14:20 Jatin : state stuff does not matter that too jk
14:20 Jatin : for mrkts
14:21 RK : I thnk it matters..without center support state got less control to fight against agitations
14:21 Jatin : most probably presidents rule and and all out against terror
14:23 Jitender : nationalism 2 b evoked as elections r a yr away 🙂
14:24 Jatin : yes
14:27 Praneeth : finally bnf breaks low?
14:28 Praneeth : now give 200 points down 🙂
14:29 Praneeth : another green
14:30 janak : went to 205 and now back at 230 – last hour can give a wild whipsaw
14:30 Jitender : spx at 2745
14:30 RK : J contained and K made new low from I.. (13:36) RK : J has to move above else trend day vwap test
14:30 Praneeth : pink in bnf PE
14:30 HK : slow motion day
14:31 RK : BNF failed at Uttam’s 26280 (13:46) RK : 26305 possible there now
14:31 Jatin : volumes low
14:33 Praneeth : 2IB in bnf is 26180?
14:33 Jatin : shai the buyer intent did notback down whole day
14:33 RK : yes
14:33 RK : @Praneeth
14:33 Praneeth : thanks RK
14:34 janak : Shai : (09:53) Shai : Intra : Short BankNifty 26280 sl of 26360 tgt 26207/ 26160.
14:34 janak : that worked shai, bnf did 204
14:34 janak : but took all day 🙂
14:34 janak : grinding down
14:35 Jitender : spx recvrn…
14:37 Jitender : (14:09) Jitender : watch uncovern in 10.7pe(14:10) Jitender : if tey hold..ten SC
14:39 Praneeth : Jitender, no significant covering in that pe?
14:41 Jatin : oi up a bit infact
14:41 Praneeth : ok..
14:41 Uttam : what a nice bell in BNF 🙂
14:41 HK : pls tell them to cover yaar 🙂
14:42 Jatin : 100 point gap down tmrw vl make them:)
14:43 Jitender : ys Jatin..below 680–tey will start sweatn & below 660 will run
14:43 HK : 800 CE OI is more today
14:45 Jatin : 10700-10800 highest ce pe oi
14:45 Jitender : 73k buyr in bnf
14:45 HK : 10800CE now crosses 10700PE in OI
14:45 Jitender : nope..its 24
14:45 Jitender : 24k
14:45 Uttam : both NF & BNF at pbh of 10730 & 26280 here
14:45 Uttam : crossed
14:45 Jitender : milked it (14:35) Jitender : spx recvrn…(14:37) Jitender : (14:09) Jitender : watch uncovern in 10.7pe(14:10) Jitender : if tey hold..ten SC
14:45 Shai : update : short 26300 pe at 150 as a hedge for the BNF short we are holding. sell pe.
14:46 Shai : 1-1 ratio. If this does not go anywhere till thursday we will benefit
14:47 Jatin : that probe to 204 was just a test it seems
14:48 Shai : icici got new buying
14:48 Shai : can do 297
14:48 Jatin : yes
14:49 Shai : hdfc bank booked and icici bought to stabilise the BNF
14:50 Jatin : if bnf outperforms tough to break the mrkts back,considering weightage on financials in nfty
14:50 Uttam : had written that NF can tag 10734 once, does high of 10732.7
14:51 Jatin : +1
14:51 HK : Incredible Uttam
14:51 Uttam : now will it repair poor low today or tom?
14:52 Jitender : +1 Uttam
14:52 HK : Shai, better to exit positional shorts in NF here
14:53 HK : Asking you..
14:53 Uttam : thanks guys 🙂
14:53 Gaurav : Can do a BTST on Nifty Fut here Shai?
14:53 Shai : Yes HK for now
14:53 Shai : Book the 10700 pe fullt at 71.
14:53 Uttam : RK you there?
14:53 Uttam : can consider that 10704 as FA in NF?
14:54 RK : yes Uttam..VWAP tagged..close around vwap we could rely on that FA
14:54 Uttam : 10734 hit
14:54 Jitender : perfect
14:54 Uttam : +1 RK and that 26270 will be ref for BNF tom?
14:55 Uttam : poor lows means sellers not doing a good job in NF inspite of gap down
14:55 RK : 26250 in BNF
14:55 RK : ref now
14:55 Jatin : bnf in overdrive
14:55 Jitender : caught both ways today..satisfied 🙂 (14:45) Jitender : milked it (14:35) Jitender : spx recvrn…(14:37) Jitender : (14:09) Jitender : watch uncovern in 10.7pe(14:10) Jitender : if tey hold..ten SC
14:55 Uttam : okies RK 🙂 thanks
14:55 Uttam : super Jit 🙂 congrats
14:56 Uttam : NF close in this band 10725-35?
14:56 Jitender : tx Uttam
14:56 Jatin : +1Jit
14:57 Uttam : BNF monthly PEs making new lows even though BNF not made new highs
14:57 Shai : 68.36 usdinr
14:58 janak : also this whole fall in SP is post-mkt so i m not sure about volumes. Main mkt hours can see a wild action
14:59 Uttam : both making nice bells, it has been ages since we got a trend day
15:00 Jatin : if we have recovered,US most probably will,lot of correlation
15:00 RK : TD working?
15:00 Uttam : yes RK
15:01 Lakshay : no
15:01 Uttam : sorry spoke too soon, seems to have stopped now
15:01 RK : yes
15:01 HK : Jit NEST stuck?
15:01 RK : whats the swing high we got now in NF?
15:01 Uttam : zerodha taking over TD ;–p
15:01 Uttam : 10739
15:01 RK : fine
15:01 Uttam : 23622 in bnf which was last week poc
15:02 Uttam : 26322
15:02 janak : Shai – an interesting observation: 26k, 26100, 26200 pe – all three did double the price then their open values!! some algos?
15:03 janak : even 26300pe did the same!
15:03 HK : emotional spike coming RK?
15:04 RK : too late to call it as emotional move if comes
15:04 RK : breaking 10717 can do new low around 10690 though
15:04 RK : prev spike high sitting there
15:08 Uttam : 26270 holding bnf for now looks like?
15:08 Boppanna : big red in BNF
15:08 Jatin : spot makes new low
15:08 Jatin : discount gone
15:10 Boppanna : Shai longs exiting in BNF?
15:11 Shai : yes long liquidation
15:11 Uttam : 26000pe giving a FA at lows in BNF
15:11 Uttam : needs to close abv 150 though
15:12 Jitender : Shai..any straddle fr morrow ?
15:12 Uttam : big reds in BNF
15:12 Jitender : nf
15:12 Uttam : 1.6L
15:12 Uttam : last 15mins
15:13 Shai : 2021 now- Not 1 poitnt above 2041- (12:42) Shai : 2041 res for HDFC bank
15:13 Shai : Just the icici bank news held the BNF for 2 days up
15:13 Uttam : lovely Shai 🙂
15:13 Rushabh : superb shai!
15:14 Jitender : +1
15:14 Uttam : BNF reds now 2L
15:15 Shai : loiquidation setting up in BNF finally
15:15 Priyanka : 2021 you mean?
15:15 Rushabh : trend day soon coming then?
15:15 Uttam : RK please reomve the rock at 26250 you placed in BNF 😉
15:16 Shai : yes BNF free to move now
15:16 RK : its accepted back Uttam
15:16 RK : weak
15:16 Uttam : 🙂 thanks RK
15:16 Shai : That was HDFCbank Priyanka- (15:15) Priyanka : 2021 you mean?
15:17 Priyanka : okie
15:17 Shai : we are accrying the BNF short and the PE for tom
15:17 janak : which means shai that even if BNF has a mild gap up tom – we need to sell the rise right?
15:17 Shai : finally OF and price recnciling here and PLR looks lower in BNF
15:18 Shai : we will add the 50% tom and reduce the PE
15:18 janak : ok wonderful
15:18 Uttam : so we can tag those FA of 26133
15:18 Shai : but for overnight will carry the hedge
15:18 HK : How abt NF, still undecided? closing below IBl is weak?
15:18 Uttam : look at teh reds in BNF
15:18 Uttam : they are just piling up
15:18 Uttam : 3L now
15:18 Uttam : last 20mins
15:20 janak : BNF gap up that entire spike up to 315
15:20 janak : gave up
15:21 janak : and back to shai’s magic positional no. 230
15:22 Praneeth : close at the centre?
15:22 janak : that 26kpe has price range of 35-71 and 1.12 cr vol traded!
15:23 Jitender : (15:12) Jitender : Shai..any straddle fr morrow ?
15:23 RK : Shai you will label this as normal variation or still trend day despite L spoiling it?
15:24 Shai : NV RK- too weak to be a proper trend day
15:24 RK : got it..tks
15:25 RK : If L didnt happen then we could have labelled it as slow trend day with this close
15:25 Shai : yes
15:26 HK : Shai, your take pls 15:18 HK : How abt NF, still undecided? closing below IBl is weak?
15:26 Shai : yes
15:26 Shai : 10660 viisble at tis close
15:26 Azmath : Shai: What is plr?
15:27 Uttam : path of least res
15:27 Shai : that writing at 10700 pe could be put under pressure
15:27 janak : bnf is quite resilient all day otherwise it falls 300-400 just like that on such days 🙂
15:28 Shai : I’ ll like to think of a settlement at 10550 now for June. One more day tom should clarify
15:29 Uttam : NF has some greens though but if BNF drives down NF will have to follow the leader
15:29 Shai : close at dpoc
15:29 Uttam : another small range in both
15:29 Shai : Bye all
15:29 Jitender : bye all
15:29 Shashwat : Bye
15:29 janak : ICICI with 7 cr vol closing at yday close
15:29 RK : open higher tmw will lead to very high voltage double side day imo
15:29 Shai : Have a nice evening
15:29 Jatin : bye all
15:29 TP : Bye All.
15:29 Uttam : open lower means smooth waters RK 🙂
15:30 Praneeth : 15:22 Praneeth : close at the centre?
15:30 RK : open lower means cover shorts and run 🙂
15:30 Uttam : thanks All 🙂 have a lovely evening
15:30 Praneeth : bye all
15:30 Uttam : lets have a bigger range RK
15:30 RK : 10700 break means nothing but big tussle
15:30 RK : wont be smooth walk
15:30 Uttam : hmmm…
10:29 Mihir : Shai: Titan swing view please? Thanks
10:30 Sandesh : sir, berger paint and ntpc intra vew pls
10:53 HK : Shai, can you please review Hindalco swing trade
11:13 Shai : titan should have held over 902 technically but 870 also a good supp
11:14 Mihir : Thanks captain.
11:15 Shai : mometum lost in hindalco below 242
11:16 Shai : it closes below 225- 226 could signal a drop to 195 again
11:17 Shai : 283 intra supp berger
11:17 Shai : 289 res
11:18 Shai : ntpc intra trending down but swing supp at 152 is close
11:33 Rushabh : shai dlf back below 196, could head lower?
11:36 Shai : potental trend day today though a bit early in DLF to know for sure.
11:36 Shai : could do 1093 intra
11:36 Shai : 193*
11:36 Shai : but if strong vols come below 196 has 182 in it for swing
11:36 Rushabh : okay thanks shai!
13:49 Rushabh : shai dlf low 193.05
13:49 Rushabh : perfect
14:51 Shai : +1
14:52 Rushabh : how are the volumes shai?
14:52 Shai : IDFC weak . That upmove to 57 met long liquidation in april. Is headed to 42 eventually
14:52 TP : tks chief.