OrderFlow charts and Notes 01/04/15

Bnf_Tick Footprint_5_Bnf

 

Nf_Tick Footprint_5_Nf

 

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General Chat Transcript

 

Room Name: Vtrender
Date and Time: April 01, 2015 09:02:03

[08:34]   r m : Good Morning folks!
[08:35]   r m : http://vtrender.com/levels-plan-21april/
[08:35]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-3103/
[08:35]   r m : Nifty APR Future levels Key Reference Area 8536 DOWN Hypo1 below 8536➜8498➜8452 SL 8563 UP Hypo2 above 8563➜8602➜8630 SL 8530
[08:35]   r m : Banknifty APR Future levels KRA 18370 UP Hypo1 above 18370➜18420➜18550 SL 18270 DOWN Hypo2 below 18220➜18128➜18000 SL 18350
[08:41]   Porus : Good Morning RM and all
[08:44]   r m : Hi Porus
[08:51]   Kathir : GM RM porus…
[08:55]   r m : Hi Kathir
[08:55]   Porus : Hi Kathir
[09:00]   Kathir : @porus which city you are in?
[09:04]   Shai : GM all
[09:04]   Porus : @Kathir, Mumbai
[09:04]   Kathir : ok porus
[09:07]   RK : GM Shai,RM and all
[09:07]   r m : Hi RK
[09:07]   Kathir : Hi Shai RK all friends
[09:08]   Kathir : @RM any updates about land bill
[09:08]   Tejpreet : GM all.
[09:08]   r m : ordinance has been approved again by cabinet with a few amendments
[09:08]   Kathir : sgx trading – 20
[09:09]   RK : Hi KAthir
[09:09]   r m : but it will never be passed by Rajya Sabha
[09:09]   Kathir : ok so not positive for real estate stocks at present
[09:09]   r m : Govt will try to convince stakeholders (farmers) first and then call for joint session
[09:10]   Kathir : farmers means – any representative for whole indian farmers?
[09:10]   r m : @Kathir, for trading pupose any news can be traded, even rumor of ordinance 🙂
[09:10]   Kathir : 🙂
[09:11]   Sharad : GM all
[09:11]   r m : I think they will try to contact farmers in different part of country thru their MP, MLAs etc.
[09:11]   Kathir : ok
[09:12]   r m : all parties claim to represent Indian farmers yet farmers continue to quit farming for petty jobs in city
[09:13]   Kathir : true
[09:14]   Kathir : @shai 8498 nf visit possible?
[09:15]   Shai : 8536 and 8563 2 important points for the morning
[09:15]   Shai : we will be weak below 8536 and gets marginal strength abv 8563
[09:17]   Shai : 8522 has an early morning buyer
[09:19]   Shai : More weakness in BNF is 18220 breaks
[09:20]   Shai : 18350 val
[09:22]   Kathir : @shai any chance for up move in unitech technically
[09:24]   Shai : yes 17.3 possible with sl of 15.6
[09:24]   Amit J : spot holding 8473
[09:24]   Kathir : ok thanks
[09:24]   Amit J : shai your view on frl plz
[09:24]   Kathir : amit 8460 shai ref as spot support yest
[09:26]   Kathir : @sharad today holiday for currency trading?
[09:26]   r m : Yes Kathir
[09:26]   Kathir : ok ji
[09:27]   Shai : FRL big supply at 101- 104
[09:27]   Shai : tis move can dip to 94.6 so not a safe buy here at this price
[09:27]   Shai : 99.6
[09:29]   Amit J : thanks
[09:29]   Amit J : buy above 104 right
[09:30]   Shai : yes
[09:30]   Shai : then upto 116 possible
[09:30]   Shai : or buy lower if 94 holds
[09:30]   Amit J : ok
[09:36]   RK : Shai levels above 3552 for DRREDDY pls..seems in a drive
[09:38]   r m : @RK, it should be renamed DRGAP 🙂
[09:40]   RK : RM..Yes..thats true..mostly within control and someday way beyond your SL 🙂
[09:41]   r m : I think it is better stock for intra
[09:41]   Sharad : Yes Kathir 3 days closed Currency markets
[09:41]   RK : RM big adv is once the trend sets in..it rarely eats your SL..
[09:41]   r m : ok
[09:42]   Kathir : sharad ok thanks
[09:42]   Kathir : @RM since banks closed today ..possible for a low volume or less movement day today?
[09:42]   Kathir : and next four days holiday as well?
[09:43]   r m : yes Kathir, also 7th RBI day, big guys will just be shuffling around playing musical chairs 🙂
[09:43]   Kathir : ok
[09:44]   r m : yesterday only FII bought some index longs, Clients covered both short and long index futures!
[09:45]   Kathir : almost no psition clients
[09:47]   Kathir : @rk you hold drreddy long?
[09:50]   RK : shorts reversed to long yday Kathir
[09:53]   Porus : Shai, wll the old POC 18320 in bnf provide support?
[09:54]   Amit J : shai 80% above val?
[09:54]   Amit J : in bn
[09:55]   r m : @Amit, 80% works better on balanced days, yesterday was not one I think
[09:56]   Amit J : ok
[09:56]   r m : hypo gives chance to longs above 370
[09:56]   Shai : Markets balancing now
[09:56]   Shai : No big edge in positional direction up or down
[09:56]   r m : ok
[09:57]   Shai : roughly 18200- 18700 range now in BNF
[09:57]   Shai : 8452 – 8640 now in NF
[09:57]   Shai : F prices
[09:58]   Shai : these 200 points should occupy all the volume
[10:00]   Shai : Trade idea for that balance is to short the 8500 straddle and buy protection at 8800 ce and 8200 Pe
[10:01]   Shai : 8800/ 8200 should hold lossess if fast unfavorable outcome generates but is more like an insurance sum paid as it could lose value quickly
[10:02]   Shai : besiddes multi day holiday helps the 8500 ce/ pe
[10:03]   Varun : will 80 rule apply in bnf @shai
[10:04]   Amit J : 09:55 r m: @Amit, 80% works better on balanced days, yesterday was not one I think
[10:05]   r m : @Amit, I read only yesterday’s profile, Shai reads what is happening right now too 🙂
[10:06]   Amit J : but sellers coming at vah
[10:06]   Amit J : sorry val
[10:07]   r m : yes
[10:07]   Shai : Varun rule applies more when there is value creation
[10:07]   Shai : odds increase of end to end
[10:07]   Shai : else where it can stop at or near POC
[10:08]   Shai : 18370 to 18420 is a trade after IB
[10:08]   Varun : thanks
[10:08]   Shai : should see sellling at 18420- 18440 and if crossed then 18550 possible
[11:01]   Janak : shai day can end around 18k?
[11:01]   Janak : what does FII acitivity suggest?
[11:02]   r m : (*** Private to Janak ) @Janak, Shai is away from room
[11:02]   r m : @Janak, FII did not short yesterday
[11:09]   Janak : this shd work Hypo2 below 18220➜18128➜18000 SL 18350
[11:12]   r m : only if balance breaks
[11:12]   r m : (09:57) Shai :roughly 18200- 18700 range now in BNF
[11:13]   r m : guess it should collect many shorts at higher range before 220 breaks 🙂
[11:13]   r m : like yesterday!
[11:21]   Janak : then who sold bn yday from 625 to 260 in 30 min?
[11:24]   r m : Janak!
[11:24]   r m : there was long reduction by Prop traders as well as clients
[11:24]   RK : Shai psl advise next potential levels for DRREDDY on top and HCL at bottom?
[11:24]   RK : *pls
[11:25]   r m : (*** Private to RK ) Shai is away till afternoon
[11:26]   Janak : thnkx rm
[11:27]   r m : welcome
[11:29]   r m : http://screencast.com/t/B810eEC2zO
[11:32]   r m : looks like Janak’s friends are here 🙂
[11:38]   Tejpreet : Prop client sell figures are short or their stop losses for longs trigerred in the fall all the way from 650.
[11:40]   r m : they are ot shorts but reduction of both long and short OI for clients
[11:40]   r m : *not
[11:41]   r m : I think they are lightening positions ahead of RBI meet
[11:42]   Tejpreet : Ok got it …these buy sell figures are really confusing 🙂
[11:42]   r m : http://screencast.com/t/B810eEC2zO
[11:42]   Amit J : OI decreased broadbased due to position unwinding.
[11:42]   Amit J : before event and due to holiday
[11:42]   r m : look at this page, confusion removed in this page 🙂
[11:43]   r m : yes Amit
[11:43]   Tejpreet : Thanks Rm
[11:43]   r m : welcome
[11:48]   Amit J : buy banknifty with vwap sl?
[11:51]   r m : @Amit, may be better above IBH
[11:51]   r m : if it does not meet sellers here
[11:52]   RK : 420-550 maybe good trade with IBH SL
[11:52]   r m : ok
[11:53]   r m : 420 is always a good level 🙂
[11:53]   RK : green of just started and when we get 420 it may be matured with curve
[11:53]   RK : lol
[11:53]   r m : yes
[11:54]   r m : also we’ll know how sellers behaved at day high
[11:54]   RK : yes
[11:57]   Amit J : we maintained val and so many buyers were visible at vwap. it was a clean trade’
[11:58]   r m : ok 🙂
[11:59]   RK : if it holds IBH-10 then zoom 🙂
[11:59]   Amit J : highest writing shifted to 8400
[12:24]   Janak : delta doesnt support buy here
[12:39]   Janak : DOWN Hypo1 below 8536➜8498➜8452 SL 8563
[12:42]   r m : NF is going nowhere, did not move with Europe open too
[12:46]   r m : stuck at KRA 8536
[12:46]   r m : 8548
[12:51]   r m : 8574!
[12:51]   r m : with red splattered all the way up
[12:51]   Janak : crazy 50 pts up – it can fall also fast?
[12:52]   r m : I guess so, at least that must be the intention of that 108600 guy
[12:57]   Janak : only a fast sell like yday can stop this
[12:58]   r m : DAX is trying to crawl out of the pit
[13:01]   Janak : (10:08) Shai :should see sellling at 18420- 18440 and if crossed then 18550 possible
[13:06]   RK : machines are playing here with prices jumping in BNf
[13:07]   r m : Terminator – V (Algos ruling white house):)
[13:23]   r m : 3IB with the help of zeros and reds!!
[13:30]   r m : 18550
[13:31]   RK : 18624 yesterday exhaustion
[13:34]   Janak : yeah – what a move!
[13:34]   Janak : 8602/18625
[13:39]   Janak : test
[13:39]   Janak : frozen
[13:39]   r m : yes
[13:46]   Tejpreet : Any options for refreshing the screen.
[13:47]   r m : @Tejpreet, no I have sent a message to Shai
[13:47]   Tejpreet : oh …ok
[13:48]   Tejpreet : Nno issues.
[13:48]   Tejpreet : no
[13:53]   Tejpreet : Back in action.Thanks.
[13:53]   r m : welcome
[13:54]   Kathir : @AMIT there?
[13:55]   Janak : 8630/18700 on?
[13:56]   Amit J : yes
[13:58]   Amit J : RM your view now, we are near shai level but today we will complete 5 days of 18800 FA
[14:00]   Shai : test
[14:00]   Janak : shai bn can do 700?
[14:01]   Kathir : @amit any news available for rbi meet?
[14:02]   Kathir : rumours that house loan int rates will be reduced – bad news for banks and good news for infra – rumour 🙂
[14:04]   Shai : Janak buy abv 18630 only
[14:04]   Shai : 18624 was the poor high yesterday
[14:06]   Janak : so it will be repaired?
[14:07]   Amit J : SHAI YOUR VIEW ON AXIS YES FOR SHORTING
[14:08]   Shai : Janak it meant a visiit – at 18600 it is almost done
[14:08]   Shai : so we wait for new move abv 18630 or go down back from here
[14:08]   Shai : Below 18530 fresh selling
[14:08]   Janak : but for that at-least 630 must come once 🙂
[14:09]   Shai : should- But don’t wait for the last 20 in BNF
[14:09]   r m : @Shai, was 8605 also a poor high?
[14:09]   Shai : yes
[14:09]   r m : Thanks
[14:10]   Janak : nf saw couple of vertical buys today – massive – 50 pts and 30 odd
[14:11]   Janak : what is that shai? corp buying?
[14:11]   Shai : axis slightky weak below 565
[14:11]   Shai : but gets weaker below 555
[14:11]   Shai : here short is still risky
[14:12]   Shai : tes bank has reversed te weakness seen yesterday
[14:13]   Shai : 839 needs to visist once to review next week
[14:13]   Janak : 8630 looks on
[14:13]   Shai : Janak with bull today?
[14:13]   Shai : Yesterday you rammed our BNF down 🙁
[14:14]   Janak : today it rammed me down 😉
[14:14]   r m : 😀
[14:14]   Shai : Hypo 2 was below 220 today for weakness
[14:14]   Shai : paid it some extra time yesterday as dues 🙂
[14:14]   Janak : shai 698 is some imp value?
[14:15]   r m : lol
[14:15]   Shai : yesterday freak
[14:16]   Shai : a close abv 18570 is good
[14:16]   Shai : else we move down again
[14:16]   Janak : lets c if that freak 698 gets visited today
[14:17]   Amit J : shai will you call this a trend day
[14:17]   Amit J : ?
[14:21]   r m : @Shai, what should be the trailing stop for long above 8563 now?
[14:22]   Shai : 8600 was a place to book gains now trail is 8581
[14:22]   r m : Thanks
[14:22]   Shai : gets very weak below 8567 and can collapse to 8527/ 8545
[14:22]   r m : ok
[14:22]   Shai : 18619.2
[14:22]   Shai : 8599
[14:23]   Shai : what we saw yesterday in the profile was exhaustion
[14:23]   Shai : so we will stick to our view of the sideways range
[14:23]   Shai : sell higher and buy lower
[14:24]   Shai : Sell BNF below 18540 tgt 18480
[14:25]   RK : 18595 was my original sell and SL is hanging there at 18631 🙂
[14:25]   r m : 🙂
[14:25]   Kathir : @shai nf spot levels working wonderful for buy dips and sell higher – spot low 8464 high 8543
[14:26]   Kathir : both side SL not taken
[14:26]   Kathir : RK nice catch
[14:27]   r m : @Kathir, RK is Jaunty Rhodes of stock market 🙂
[14:27]   RK : yes get hurt often 🙂
[14:28]   r m : lol
[14:28]   Shai : Good RK- We are just a bit conservative for the larger pool here
[14:28]   RK : Shai logic was safe SL
[14:29]   Shai : a revisit to a poor high can be sold with a safe sl
[14:29]   r m : @Shai, that safe SL would have been above 6032 for NF?
[14:30]   r m : sorry 8632 😀
[14:30]   RK : RM placed a marker there 🙂
[14:30]   Shai : yes
[14:30]   r m : Thanks
[14:30]   r m : @RK, that marker would bankrupt many brokerages 🙂
[14:30]   RK : lol
[14:31]   Shai : 8567 will try to hold up NF
[14:32]   Amit J : long weekend. unwinding generally comes at 2.40-3
[14:34]   Kathir : @RM rhodes maxwell starch – all in guy RK 🙂
[14:34]   RK : there wont be any possibility for shorts to cover? late session of yesterday had got some shorts in
[14:34]   r m : all rounder Kathir 🙂
[14:35]   RK : Kathir Aussies not my favs 🙂
[14:35]   r m : @RK, above poor high, bears may become poor!
[14:35]   RK : true
[14:37]   r m : negotiations going on between bears and bulls for a face saving formula 🙂
[14:37]   Kathir : @RK even I dont like aus 🙂
[14:39]   Kathir : @shai shall we take positional long in nf if nf spot closes above 8550 ?
[14:43]   Shai : yes can tgt 8628/ 8668
[14:43]   Shai : 8628/ 8658 spot**
[14:44]   Kathir : ok thanks
[14:47]   Janak : 8602/30 on?
[14:48]   r m : looks like that
[14:48]   Kathir : @RM yes bank theory bnf should go up 🙂
[14:49]   r m : 🙂
[14:50]   Janak : another vertical column!
[14:53]   Shai : sellers coming
[14:54]   Janak : 18700 also give man
[14:55]   Shai : can come
[14:55]   Shai : these shorts are not looking good
[14:56]   Tejpreet : Maybe long unwinding that is why price still going up…moving from weak hands to stronger.
[14:56]   Shai : sellers getting trapped
[14:56]   Janak : booked at 680.05
[14:57]   Tejpreet : should be book eod or carry as long holidays.
[14:58]   Shai : Not very safe to carry as globe is running tom
[14:58]   Janak : bn 550 up from day low!
[14:59]   Tejpreet : BN gone ballistic in last 2 days jumping up n down.
[14:59]   Shai : apr 7 RBI rate cut
[15:00]   Janak : 698 done shai!
[15:00]   Janak : 20 paise less
[15:01]   r m : booked at 8632!
[15:01]   Janak : now some pro.-booking?
[15:02]   Shai : 8636 res in NF
[15:03]   Tejpreet : Hypo levels too good as usual.Just need to automate them .
[15:04]   Kathir : @RM yes bank 🙂
[15:05]   r m : 🙂
[15:05]   r m : @Kathir, now I’ll plot yes bank on the same chart as BNF )
[15:05]   r m : 🙂
[15:05]   Kathir : 🙂
[15:05]   Janak : sha a fall till 650 can come bfore 3.20?
[15:06]   Kathir : @tejpreet automate you mean ..need alerts?
[15:07]   Tejpreet : no I meant evrything punched in the machine ..order placed directly into exchange
[15:07]   Tejpreet : no getting alerts …no thinking …day trading finished in 5 mts at 920 :0
[15:08]   Tejpreet : 🙂
[15:08]   r m : 🙂
[15:08]   Kathir : ok 🙂
[15:09]   RK : am glad that I had SL for my 18350 short 🙂
[15:09]   r m : @Kathir, your 8700CE worth 86 bucks!
[15:09]   Tejpreet : Shai how are the volumes for the day.
[15:09]   RK : 8700 CE exit yesterday 🙁
[15:09]   r m : yes, me too
[15:09]   Shai : Vol under avg
[15:10]   Tejpreet : Ok ..Thanks
[15:10]   Shai : NF looked like it would go down today and revisist lows and maybe lower
[15:10]   Kathir : @RM yeah still holding few..will confirm with shai last 10 mins
[15:10]   Shai : hence gave exit call as it was against delta and time decay
[15:10]   RK : Yes but it held all day good to move up
[15:10]   r m : Good Kathir 🙂
[15:11]   RK : yday late hours certainly no positive signs to carry any long
[15:11]   Shai : cross of 8563 and 8575 pushed out selling
[15:11]   Kathir : as of now it looks safe 🙂 shai expected this move yest..but somebody inbtwm collapsed
[15:11]   r m : that 8563 level was very precise
[15:12]   Shai : 8636 F still resistance
[15:12]   r m : it never looked back after crossing that inspite of lakhs of red numbers!
[15:19]   r m : @Janak, using some kind of rocket propulsion for BNF? 🙂
[15:21]   RK : Bulls leaving for weekend with full conviction that they will hear some good news on MOnday morning 🙂
[15:21]   Tejpreet : Amit any news for banking licensce to NBFC.
[15:21]   Shai : BNF running away
[15:22]   Shai : NF crossed res
[15:23]   Amit J : shit FA tested in t+5
[15:23]   r m : 🙂
[15:25]   Kathir : @shai hold nf ce 🙂 it tested me a lot
[15:25]   Kathir : or exit
[15:26]   Shai : exit
[15:26]   Shai : Congrats for holding and passing the test 🙂
[15:26]   r m : 🙂
[15:26]   Shai : does not make sense to make new longs here – let’s review on Mon open
[15:27]   Kathir : ok shai thanks
[15:28]   r m : @Kathir, it will be worth 83 bucks on Monday at 8645, drop of 7 points
[15:29]   Kathir : @RM thanks ..exited @ 89 ..you know well how I obey master’s word 🙂
[15:29]   RK : ok bye all..enjoy the holidays 🙂
[15:30]   r m : bye folks, have a wonderful looong weekend 🙂
[15:30]   Kathir : hope you remember bnf made 18775 high on monday but not traded …traded today
[15:30]   r m : yes, marker
[15:30]   r m : 🙂
[15:30]   Kathir : thanks and bye all..have a nice long weekend ahead
[15:30]   Shai : Bye all
[15:30]   Shai : Enjoy the long break
[15:30]   Tejpreet : Bye all …time to relax after BN roller coaster ride.
[15:31]   Porus : Bye all