OrderFlow charts and Notes 01/01/16

[09:00]   r m : Good Morning folks!
[09:00]   r m : NF Value Area 7920-7926-7946 VWAP 7937
[09:00]   r m : BNF Value Area 16972-16984-17000 VWAP 16986
[09:01]   r m : Values are from NT charts and may differ from values in the room
[09:01]   R Goel : hello friends
[09:01]   R Goel : wish you all a very happy new year
[09:01]   R Goel : GM RM
[09:01]   R Goel : HNY to you 🙂
[09:01]   Jitender : Gm Rm, folks:-)
[09:01]   Rahul P : gm
[09:02]   Rahul P : wish u all a happy new year
[09:02]   r m : Hi RG, Jitender, Happy New Year 🙂
[09:02]   Jitender : Wishing all a profitable & prosperous New Year !!
[09:02]   r m : https://files.slack.com/files-pri/T0F2YRXQT-F0HHQR5FG/nifty16janfut.jpg
[09:02]   r m : https://files.slack.com/files-pri/T0F2YRXQT-F0HHQRAAJ/banknifty16janfut.jpg
[09:06]   RK : GM RM and all
[09:06]   RK : Wish you all a great New year!
[09:06]   r m : Hi RK
[09:06]   r m : Thanks and wishing you the same
[09:06]   RK : thanks
[09:07]   RK : seems Algos were busy in last 30 mins yday closing longs 🙂
[09:07]   Abhishek : GM everyone and wish u all a very Happy n a prosperous new year
[09:09]   Tejpreet : GM All.
[09:10]   Tejpreet : Wish everyone a fantastic and profitable New Year !
[09:10]   r m : @RK, FII closed more shorts, Clients close more shorts (Index Futures) http://screencast.com/t/O1UKoYyj8
[09:10]   r m : oops, clients closed more longs
[09:11]   r m : however it is much more complex then that with index CE, PE and Stock Futures also being cooked in that Khichdi 😀
[09:11]   RK : yeah I know 🙂
[09:12]   r m : but net OI wise both Clients and FII are net short in CE now
[09:13]   Sharad : GM all
[09:13]   RK : in a day or two, clarity would emerge in OI
[09:13]   Sharad : Happy New Year
[09:14]   Rahul P : rm, any idea why jan futures was at discount to dec futures ??? even spot was trading higher
[09:14]   r m : @Rahul, no idea
[09:17]   r m : This Nifty spot chart fused with Future volumes may come in handy in initial week of Jan series
[09:17]   r m : http://screencast.com/t/vY7fXkM4gb
[09:39]   Sandeep : how r volumes today
[09:42]   Ashish : GM all
[09:42]   Ashish : Happy new year to all of you 🙂
[09:43]   r m : Happy New Year Ashish 🙂
[09:43]   Rahul P : attendance is poor today 🙂
[09:44]   Ashish : RM, excess in new year in NF and BNF
[09:48]   r m : NF is still in previous day’s range
[09:48]   r m : @Rahul, guess most are busy in fighting hangover 🙂
[09:51]   Rahul P : lol
[09:51]   Rahul P : volume on nf seems decent today, right RM ??
[09:53]   r m : yes Rahul, but that is because average of a new series is always low, only last couple of days NF JAN had good volumes, so even in comparison with 5 day average, this whole week will look good
[09:55]   Rahul P : ok
[10:13]   Chandramouli : Happy New Year all 🙂
[10:27]   Jitender : Rm..opening is OAIR
[10:30]   r m : yes
[10:32]   Jitender : n wat typesof opening can becum a trend day
[10:36]   Rahul P : OD, ORR
[10:36]   Vikkas : Happy New Year all..!
[10:41]   Jitender : tx Rahul, Rm
[10:43]   Jitender : @Rahul/Rm…for a trend day..is a small IB a prerequisite & if yes wat should be the IB size to qualify fr the same
[10:45]   Rahul P : no
[10:46]   Jitender : k…tx
[10:48]   r m : NF is in yesterday’s range and bnf is able to trade above vwap, so prospects of trend day don’t look bright
[10:49]   Rahul P : expecting an inside day today…on low volumes
[10:49]   Rahul P : monday onwards , the real game
[10:49]   Jitender : tx guys
[10:49]   r m : yes, today institutional traders will be away, real money should be back on Monday
[10:50]   r m : let mice play while … 🙂
[10:55]   r m : looks like mice playing with fire 😀
[10:56]   Rahul P : rm, plese check if the FA from 3 dec is breached ….
[10:57]   r m : ok
[10:58]   r m : 3rd DEC high was 7986 for Jan Fut
[10:58]   Rahul P : ok, thanks
[11:01]   r m : 3rd MP for NF JAN https://files.slack.com/files-pri/T0F2YRXQT-F0HJ3GG0N/nifty16janfut.jpg
[11:03]   r m : 29th high touched – https://files.slack.com/files-pri/T0F2YRXQT-F0HJ41ZME/nifty16janfut__30_min___01_01_2016.jpg
[11:10]   r m : BNF fully went back to the lows of b shaped profile of 24th DEC https://files.slack.com/files-pri/T0F2YRXQT-F0HJ3DDDY/banknifty16janfut.jpg
[11:11]   Varun : happy new year room
[11:11]   Varun : have a great year
[11:11]   Varun : loads of profits
[11:12]   r m : Thanks Varun, Happy New Year!
[12:02]   Tejpreet : Nothing much happening , i was thinking might have missed some action
[12:03]   Tejpreet : RM what would be a good neutral closing today for big boys to take over .
[12:04]   Tejpreet : 7900-10 range ?
[12:06]   r m : @Tejpreet, that goes to show that occassionaly you can take your own half day 🙂
[12:08]   Tejpreet : Yep 🙂
[12:09]   r m : seems to be forming a nice balance here for last 4 days – https://files.slack.com/files-pri/T0F2YRXQT-F0HJ381JM/nifty16janfut.jpg
[12:11]   r m : but BNF has returned from balance and that is supposed to be leader https://files.slack.com/files-pri/T0F2YRXQT-F0HJ12PNX/bnf.jpg
[12:11]   Tejpreet : Profile is indeed balanced for he next move !
[12:12]   Tejpreet : BN is a no panga entity without guidance from Shai.
[12:18]   Kamakshya : whats the vix now
[12:18]   Kamakshya : rm
[12:19]   Tejpreet : 14.07
[12:24]   Jitender : 7900pe OI 25.23lacsup by 5.18lacs
[12:24]   Jitender : 7900 ce OI 18.10lacs up by 1.77lacs
[12:36]   r m : This Heckyll sounds like Dr Jeckyll to me 🙂
[12:36]   r m : http://screencast.com/t/aU3hAcmP
[12:44]   r m : looks like Tejpreet has shorted and leaving for Movie 🙂
[12:45]   Tejpreet : RM ji came back at 5 am in the morning ,,,no movies but yes short I am 🙂
[12:48]   Ashish : What price you looking @ Tej?
[12:49]   Tejpreet : Ashish ID will boook out at closing
[12:49]   Tejpreet : positional 7760
[12:50]   Ashish : Thanks Tej 🙂
[12:50]   Tejpreet : welcome
[12:57]   Shanmugasubramanian : timeframe Tej ? for positional 7760
[12:58]   Tejpreet : That Shai will tell 🙂
[12:58]   Shanmugasubramanian : k tnks
[12:59]   Tejpreet : But it is a very risky trade as charts are still not indicating a sell.
[12:59]   Varun : hw did u reach to 7760 ?
[12:59]   Varun : serious #
[13:01]   Tejpreet : 7760 is POC of the previous balance from which we broke out for the rally.
[13:02]   Varun : cool
[13:04]   Tejpreet : But Monday can also punish to many bears lurking in the mkt …so need to be quick in exit also 🙂
[13:04]   Tejpreet : http://economictimes.indiatimes.com/markets/stocks/news/happy-new-year-sensex-may-rally-up-to-35000-in-16-etmarkets-poll/articleshow/50402983.cms
[13:36]   Abhishek : Nifty into premium of 17-18 points
[13:37]   r m : 8K CE climbing faster then NF
[13:45]   Rahul P : 10:56 Rahul P: rm, plese check if the FA from 3 dec is breached ….
[13:45]   Rahul P : 10:58 r m: 3rd DEC high was 7986 for Jan Fut
[13:46]   r m : https://files.slack.com/files-pri/T0F2YRXQT-F0HJ4CY1M/nfjan.jpg
[13:46]   r m : 7 points to go 🙂
[13:47]   Rahul P : @Tej , you there ??
[13:47]   Tejpreet : Yep
[13:47]   r m : I have merged the intermediate profiles to bring 3rd dec nearer 🙂
[13:48]   Rahul P : return back to day balance will not be good from here…bulls have made their task more difficult…it seems
[13:48]   Rahul P : @ tej, adding shorts ??
[13:49]   Tejpreet : Rahul do not rely too much on profile today
[13:49]   Tejpreet : no covered puts lost 12 points made 6 in calls
[13:49]   Tejpreet : so -6 down
[13:49]   Rahul P : ok
[13:51]   r m : after a lot of heehaw spot seems to have take out HVN at 7952 this time
[13:51]   Tejpreet : even yesterday spot high was around 7955 guess
[13:51]   Rahul P : bnf on rocket mode
[13:52]   Rahul P : kya singles banaya hain
[13:52]   Jitender : rm…does it qualify fr a tend day…if not why?
[13:53]   r m : Spot – https://files.slack.com/files-pri/T0F2YRXQT-F0HJ4EGUX/ns.jpg
[13:54]   r m : @Jitender, classical definition of trend day is each half an hour bar is forming HH and HL
[13:54]   Jitender : oh..k..tx
[13:58]   r m : today it first auctioned up and down open price (confusing me into calling it an open auction!) then there were many 30 minute bars with LL http://screencast.com/t/BeI2YT2JbrSz
[13:59]   r m : finally it showed its tongue (not seen in charts) and ran away 😀
[13:59]   Jitender : 🙂
[14:01]   Tejpreet : Looks like all shorts being removed from the system 😉
[14:01]   r m : 3rd dec covered
[14:02]   Rahul P : us mrkt is closed today ???
[14:02]   Tejpreet : yes
[14:03]   Rahul P : looks like its only india whose operatig today
[14:03]   Rahul P : rest all are in hangover mode
[14:04]   Tejpreet : Yes India operating with the operators.
[14:04]   r m : moving back into earlier congestion near 8K?
[14:05]   Rahul P : donno what dii r thinkinh…they want to five fiis a fertile ground to book posns ???
[14:05]   r m : nse guys are free to play around today 🙂
[14:05]   Rahul P : *give fiis
[14:07]   r m : FIIs were net buyer in cash yesterday after a long time
[14:09]   Jitender : heckyl turned out b him only:-)
[14:10]   r m : 🙂
[14:11]   Varun : rm can u post the balance which was developing in nf
[14:11]   Varun : composite
[14:11]   r m : @Varun, last 3-4 days?
[14:12]   r m : Heckyl bhai – http://screencast.com/t/fdZtXlaHxvi
[14:12]   Varun : the dimple fill which were dicussing
[14:12]   Varun : around 50 point balnce
[14:14]   r m : https://files.slack.com/files-pri/T0F2YRXQT-F0HJ5NN3G/nf.jpg
[14:15]   Tejpreet : Varun would you give importance to profle on day lke today ?
[14:15]   r m : today also merged https://files.slack.com/files-pri/T0F2YRXQT-F0HJ5Q2UW/nfjan2.jpg
[14:17]   Varun : this is soluid move if we stay abv 65 today
[14:17]   Varun : if 65 goes, false move
[14:18]   Varun : every price printed shld be respected
[14:18]   Varun : as i am unbale to logon to slack from here will try from phone
[14:19]   RK : Shai was expecting clean 700 points break out in BNF above 16900
[14:20]   Tejpreet : thanks varun
[14:20]   RK : today’s breakout looks like good one compared to prev two breakouts above 17000
[14:21]   Varun : rm cant see figures on phone
[14:21]   Varun : jan high of balance
[14:21]   Varun : anyone
[14:21]   Varun : ur 2.14 image
[14:21]   r m : http://screencast.com/t/k2kgycer
[14:22]   Varun : 7915/65
[14:22]   Varun : so 65 is the most imp pivot now
[14:22]   Rahul P : ideally , the FA should have held on even in this false move….since it was taken down, sentiment is bullish..unless we return back to balance today
[14:31]   r m : Nifty spot has almost covered the previous balance with high at 7975 http://screencast.com/t/igy8wo3lj
[14:31]   Varun : for last one hour my trade would be shpprt at current with stop loss 8002
[14:32]   RK : Ashish,Tej Why Relcap is like Hanuman with fire on tail?
[14:33]   r m : lol
[14:33]   Varun : chk bnf profile
[14:33]   Varun : lulz shape
[14:33]   Jitender : tx Varun
[14:33]   Ashish : lol
[14:33]   Tejpreet : Sorry ashish no idea on relcap.
[14:34]   Ashish : could be the buying climax in it
[14:34]   r m : BNF – only clear thing is yesterday’s balance 🙂 http://screencast.com/t/4EmG6oN9GJ
[14:36]   RK : preoblem with Relcap is after such move, it will grind like hell
[14:38]   RK : Varun Monday morning going to be intresting 🙂
[14:39]   Varun : atleast i have soemthing for a plan now
[14:39]   Varun : was clueless
[14:39]   RK : accept or reject by the ones who left for vocation 🙂
[14:39]   RK : vacation
[14:39]   RK : yes..this move leaves options for better planning..grind and kissing levels here and there bust wallets 🙂
[14:43]   r m : “The Profile” http://screencast.com/t/CnKiEtN6RI
[14:43]   r m : 🙂
[14:54]   Tejpreet : Got that -6 points back net zero …..rm should have heeded your avice and taken day off 🙂
[14:58]   r m : lol
[14:59]   r m : but i was not expecting a breakout!
[15:00]   RK : if we turn bullish Monday, keep a track with Maruti..200-300 move pending..
[15:00]   Tejpreet : same here and brain was too foggy to trade it
[15:01]   Rahul P : should have been a quite day today…this upmove was not expected…especially in low volume trade today
[15:06]   Varun : book 50 5 at 73
[15:06]   Varun : 50 %
[15:15]   Rahul P : varun, monday will be crucuial right ??? either accpetance of bullish bias or rejction ….and this will be for a longer term approach, not just intra day
[15:16]   Varun : yes
[15:17]   r m : guys please keep watch on spot vwap (too far right now) – it give plenty of pain followed by 200 points or more 🙂 http://screencast.com/t/vY7fXkM4gb
[15:18]   Varun : is mrkt interested in doing my trgt or i will have to scratch at breakeven
[15:18]   Varun : 12 mins
[15:19]   Varun : very interesting dvlpmnt
[15:19]   Varun : poc hsifts up
[15:19]   Varun : shifts
[15:19]   r m : yes
[15:20]   RK : Varun today’s BNF price action says some steam left still before reversal
[15:20]   Varun : poc shifts up in bnf
[15:20]   Varun : and price comes down
[15:20]   Varun : we cld d0 904 again on monday
[15:20]   RK : with such price action either it should balance or move up..but break down chances are les..lets see
[15:20]   Varun : and rotate like hell in this gadda
[15:21]   Varun : gadda = hole #punjabi
[15:22]   Tejpreet : No more rotation .. need a ride now on my straddles 🙂
[15:22]   Varun : this l period in both nf anbd bnf
[15:22]   Varun : will decide where we go
[15:22]   Varun : L
[15:23]   Varun : Same time someone enterred
[15:23]   Varun : will know his intentions in coming days
[15:23]   Varun : lets scratch 50 5 now
[15:23]   Varun : 50 5
[15:23]   Varun : 50 %
[15:24]   Rahul P : also we need to know how strong he is bafore institutions
[15:24]   Rahul P : *before
[15:24]   Varun : hw do u know he’s not an institution
[15:24]   Varun : no one needs to come to office to trade
[15:24]   Varun : woke up at 1
[15:24]   Varun : mite have just pressed the trigger
[15:24]   Varun : and went to sleep again
[15:24]   Varun : 😉
[15:25]   Rahul P : not sure…i am assuming instituions are in hangover mood
[15:25]   Varun : consensus on street is no insti will do anything today
[15:25]   Varun : then we shld nt get an fii figures in evening
[15:25]   Rahul P : and they just did the opposite ??
[15:25]   Varun : 0
[15:26]   Chandramouli : lol Varun 🙂
[15:26]   r m : normally institutions have board meeting and all to decide that is why people think they won’t act on holidays 🙂
[15:26]   Rahul P : check nf OI…hardly any change considering first day of series
[15:26]   Varun : thr is a trader on twitter
[15:26]   Varun : however small or big
[15:26]   Varun : in australia
[15:27]   RK : no time for meeting and all in this business..just a call and say”fire” “dump” game over 🙂
[15:27]   Rahul P : this may be old business
[15:27]   Varun : he was holidaying in fiji
[15:27]   Varun : and i read his trades on 30th decemeber
[15:27]   Varun : assena wealth sort of handle
[15:28]   Tejpreet : Even Shai is on holidays …could be Shai working in that L period 😉
[15:28]   Varun : 🙂
[15:28]   r m : @RK, only if it is a maverick fund with small number of customres, bigger funds have “CYA” plans cast in stone which take some time making 😀
[15:28]   RK : “)
[15:28]   RK : 🙂
[15:28]   Varun : hw r the vol @rm
[15:28]   Varun : comparitive
[15:28]   Varun : good days of nf
[15:29]   Rahul P : varun, see OI in nf…hardly any change…..makes me feel lot of old business in play today
[15:29]   Varun : 5.8 million
[15:29]   RK : just half Varun
[15:29]   Tejpreet : jst half
[15:29]   RK : 1.2 is decent
[15:29]   Varun : ya trend days have 10 miliion ++
[15:29]   r m : @Varun, comparison with past Jan volumes are just average so need to compare with past DEC volumes
[15:29]   Varun : so bearss till have a chance
[15:29]   Varun : still
[15:29]   Varun : break 65 on monday and then 35
[15:29]   Varun : else bulls will hammer
[15:30]   Jitender : bye all
[15:30]   RK : either doors shut for bears or bears will make a killing..this just cant go on like this 🙂
[15:30]   r m : lol
[15:30]   r m : Thanks and bye folks, have a great weekend 🙂
[15:30]   RK : bye all..continue the party 🙂
[15:30]   Tejpreet : Bye ALL and a round of applause for RM for conducting the show
[15:31]   r m : I think the bulls have it, bulls have it (speaker’s choice) 😀
[15:31]   RK : Yes..clap clap
[15:31]   Chandramouli : Bye all
[15:31]   r m : Thanks guys 🙂
[15:31]   RK : RM is the much relieved guy than a bear or bull today 🙂
[15:31]   Tejpreet : haha RK
[15:32]   r m : yeah, pig has won this time RK 😀
[15:32]   RK : nope RM..not about trading..about Shai returns and you get back to so called lazy mode 🙂
[15:33]   r m : yeah, slack servers will also rest easy relieved of that spate of charts 🙂
[15:33]   RK : yes..bye 🙂
[15:33]   Porus : bye all