OrderFlow charts and Notes 01/10/14

[08:51]   r m : Good Morning folks!
[08:52]   r m : http://vtrender.com/levels-and-plan-for-1st-oct/
[08:52]   Porus : GM RM
[08:52]   r m : Hi Porus
[09:00]   r m : USD took off like a slingshot!
[09:01]   Porus : yes
[09:01]   Kathir : Good morning RM and Porus
[09:02]   Porus : GM
[09:02]   Shai : Gm all
[09:02]   r m : (*** Private to Kathir ) Hi Kathir 🙂
[09:02]   Shai : http://vtrender.com/premium/orderflow-charts-and-notes-300914-2/
[09:07]   Kathir : GM shai
[09:08]   Sharad : GM all
[09:08]   Sharad : Shai what is now ressistance and support in USD
[09:08]   Kathir : Hi sharad
[09:08]   Sharad : Hi Kathir
[09:09]   Kathir : @shai thanks for the usd /inr levels yest
[09:09]   Sharad : what is level for today Kathir… i was not there yesterday
[09:10]   Kathir : @sharad shai told above 62 it will ump 20-30 paise immediately
[09:11]   Kathir : 61.85 supp
[09:12]   Kathir : today we have to reconfirm
[09:17]   Sharad : ok fine
[09:17]   Shai : USDINR 62.30 res
[09:18]   Shai : 61.85 supp4
[09:18]   r m : Hi Shai, please adjust BNF tick and FP char
[09:18]   Sharad : ok thanks and if it breaks 62.30 then next
[09:18]   Amit J : shai your view on unitech
[09:18]   Porus : and HDIL
[09:20]   Sumit : gm everyone
[09:22]   Kathir : hi sumit
[09:22]   Sumit : hi Kathir
[09:33]   r m : BNF close to hypo1 target – 15372 so far
[09:34]   Sumit : Shai, did you find the larger OF in NF chart.
[09:35]   Sumit : in its earlier form, it was excellent for positional trading.
[09:35]   r m : it is at the centre Sumit 🙂
[09:36]   Sumit : oh yes. sorry, my bad
[09:36]   Sumit : need to see eye doctor
[09:36]   r m : but looks odd, exactly in same place for both NF and BNF!
[09:37]   Sumit : till yesterday, bnf OF was good.
[09:37]   r m : ok
[09:37]   Sumit : have not seen any blue in this red, strange
[09:37]   Sumit : red blue in steps were good 🙂
[09:38]   Shai : HDIL cross of 85.9 will give 92.5 in the stock
[09:38]   Porus : thanks
[09:39]   Shai : below 85.9 it has minor supp at 81.7 and below that test of prev lows around 77.9
[09:39]   Porus : ok
[09:39]   Shai : unitech supp now around 17.1
[09:40]   Shai : has to cross 21.8 for a retest of 26.4
[09:40]   Amit J : thanks
[09:41]   Shai : welcome
[09:41]   Porus : Shai, 7900PE target and sl remain at 7900 and 8040 resp?
[09:42]   Shai : Sumit in Orderflow the blue you are searching for is at the left end
[09:42]   r m : 🙂
[09:42]   Shai : Porus revise tgt 1 to 7959
[09:43]   Shai : 2nd tgt is 7900
[09:43]   Porus : ok
[09:43]   r m : @Shai, Open type in BNF Open test drive today?
[09:45]   Shai : yes an OTD
[09:46]   r m : Thanks
[09:51]   Porus : Shai, big NF delta. How do we know if y’days shorts are covering?
[09:51]   Sumit : thanks Shai. as long as the settings are same, results would be good 🙂
[09:54]   Shai : Porus 1 way would be to note yesterday’s Orderflow
[09:54]   Shai : http://vtrender.com/wp-content/uploads/2014/09/NF_vol_at_price_14.png
[09:55]   Shai : at -275 against today’s 170
[09:55]   Shai : Sumit yes settings are the same 🙂
[09:56]   Sumit : thanks
[09:56]   Anay : @SHai does today’s delta suggest that yest shorts are covering?
[09:56]   Kathir : @shai you mean yest at 7990 it was -270 and same place +170?
[09:57]   Shai : Yes some shorts are covering
[09:58]   r m : but those shorts covering can only generate an OAIR type of open
[09:58]   Shai : Kathir not at 7990 but all of yesterday’s activity
[09:58]   Kathir : oh ok
[10:00]   Kathir : IT index 170 up
[10:00]   Kathir : favours bnf shorts
[10:01]   r m : yeah, at this rate CNXIT and BNF will be at same value soon
[10:01]   r m : 🙂
[10:01]   Kathir : 🙂
[10:02]   Manik : @ kathir should be renamed arjun 🙂
[10:02]   r m : lol
[10:03]   r m : nfty lot size 25 from 31st OCT
[10:03]   r m : http://www.nseindia.com/content/circulars/FAOP27733.pdf
[10:04]   r m : indiavix lot size upped to 800 from 550!!
[10:05]   Kathir : @RM they did this for indiavix beacause at least there should be some volume after this
[10:06]   r m : on the contrary volume will go down even more 🙂
[10:06]   Kathir : @manik arjuna aimed birds eye whereas i am searching for the bird 🙂
[10:06]   r m : apparently SEBI has allowed only Rs 10 lakh value vix future contracts
[10:06]   Manik : 🙂
[10:07]   Kathir : @rm ok
[10:07]   r m : @Kathir, Let us say first target bird, second target it’s head, and T3 is eye 😀
[10:08]   Kathir : @RM first tree second bird and head and eye 🙂
[10:09]   Kathir : sometimes we choose wrong tree and search for the bird till evening
[10:09]   Manik : LOL
[10:09]   r m : lol
[10:10]   r m : somtime other hunter’s arrows strike us (stop loss) 😀
[10:10]   Kathir : lol
[10:10]   Manik : 🙂
[10:11]   Kathir : @shai what will be the SL now for bnf shorts and trgt if it goes above SL
[10:16]   Shai : Kathir 15350 was our hypo1 tgt
[10:17]   Shai : sl now open price 15431
[10:17]   Shai : below 15350 there is a 100 point dip to 15240
[10:17]   Kathir : yes trgt 1 achieved..thanks
[10:17]   Kathir : ok
[10:18]   Kathir : @RM sebi letter says minimum value is 2 lakhs .is there any upper limit
[10:18]   r m : no upper limit, as BNF is witness to 🙂
[10:18]   Kathir : ge see mrf 30000 and lot size 125
[10:19]   Kathir : MRF
[10:19]   Kathir : we need more than 3 lakhs if we want to trade MRF 1 lot 🙂
[10:20]   r m : some stocks lot size also revised
[10:21]   r m : but MRF does not appear in that list
[10:22]   Kathir : OK
[10:22]   r m : only time nse allowed cheap fno trading was in 2008-09, when it was possible to trade nifty for 1.5 lakhs 🙂
[10:24]   Shai : vwap bands are coiled
[10:24]   Shai : neutral extreme does not follow through down
[10:24]   Shai : looks like a quiet morning in a 30 pointer
[10:25]   Shai : Revise stops of Puts to 8017 F
[11:01]   Shai : shorts are not gaining today
[11:01]   Shai : buyers coming on dips
[11:05]   Kathir : @SHAI TCS can short here ?
[11:05]   Kathir : SL if so
[11:10]   Sharad : TCS at 52 week high
[11:10]   Kathir : thought 2800 will be a big res
[11:10]   Kathir : zone
[11:11]   Kathir : shai mentioned this yest..but today want to recheck
[11:11]   Sharad : ok fine
[11:15]   Shai : TCS not a short yet as momentum is up still
[11:15]   Shai : moving into res bu shorts get a toe hold below 2774
[11:16]   Kathir : ok thanks
[11:16]   Shai : short below 2774 only
[11:16]   Kathir : ok
[11:46]   Sharad : from today only it seems holiday mood
[11:48]   Anay : NF price action not following OF
[11:48]   Anay : Mary Kom wins Gold
[11:48]   Anay : 🙂
[11:48]   Sharad : very good
[11:50]   r m : Great!
[11:56]   Kathir : GREAT
[11:56]   Kathir : yest there was some issues about a judgement
[11:56]   Kathir : i mean refree was one sided
[11:57]   Kathir : not sure which event
[11:57]   r m : trick is in not getting into a draw with host country boxer 🙂
[11:57]   Kathir : 🙂
[12:23]   Shai : Not getting traction below 7970
[12:23]   Shai : Imbalance being repaired
[12:23]   Amit J : shai in the current case we have seen 7975 revised and then repaired
[12:23]   Shai : close puts on next visit to 7970
[12:23]   Amit J : so how do you see this
[12:24]   Shai : for an FA?
[12:24]   Amit J : its not a FA right as repaired
[12:25]   Amit J : so can it be a bullish scenario?
[12:28]   Shai : Was not an FA as we did not go to day high again on the 1st touch of 7975
[12:28]   Shai : Can mean a move to 8062 again from here if 7958 holds today
[12:29]   Amit J : ok thanks. i was asking your view for upmove
[12:31]   Shai : 7920 spot is the support equivalent to 7958 F where there were previous buyers
[12:33]   Shai : Yesterday’s sellers were at 8062- 68- http://vtrender.com/wp-content/uploads/2014/09/NF_vol_at_price_14.png
[12:34]   Shai : I feel that zone now between 8020- 8060 needs a prper auction
[12:34]   Shai : considering that the seller does not want to push lower here
[12:44]   Shai : Looks like Microsoft forgot that there is a number 9
[12:46]   Shai : That god they did not call it windows one
[12:46]   Shai : Auction theory playing out in NF again
[12:46]   Shai : Has looked thrice below IBL for sellers and not found any
[12:47]   Shai : so has to go up and look for buyers above IBH now
[12:47]   Chiranthan : your view on hindalco
[12:53]   Kathir : nf delta 323
[12:54]   Shai : Hindalco 149- 151 cash is good supp can move it to 163- 166 short term
[12:54]   Shai : cmp 157
[12:55]   Shai : seller should come back around 172 if it gets there
[12:55]   Chiranthan : ok thanks
[12:56]   Shai : TCS 2802 high and back to 2780
[12:56]   Shai : Not a great place t short unless you are ultra agrrersive and have a short term outlook
[12:56]   Shai : but not a good place to chase longs too
[12:57]   Kathir : s shai
[13:01]   Shai : volume 34 Lakhs only
[13:02]   Shai : looks like traders have already left
[13:03]   Anay : lol
[13:58]   Shai : 7997
[13:59]   Shai : one upmove may still be pending
[13:59]   r m : looks like it would also be of touch and come back type!
[13:59]   Shai : yes
[13:59]   Shai : rotational market
[14:00]   Shai : running stops is the old secret to get volumes up
[14:00]   r m : 🙂
[14:16]   Porus : 8012
[14:19]   Sharad : back in IB
[14:33]   Sharad : BNF below vwap
[14:35]   Porus : NF delta falling
[14:40]   Sharad : yes falling very fast now 135
[14:43]   Shai : just day traders
[14:44]   Shai : bought lower near 80 covered abv at 8000- 8005
[14:45]   Sharad : NF below vwap can sell Shai?
[14:46]   Shai : should close at vwap only
[14:46]   Sharad : ok
[14:46]   Shai : fair price to close a dull session
[14:47]   Porus : Close the pe at vwap too or carry?
[14:47]   Shai : most of the trading comes in on tues morning ad then infy on Fri next
[14:47]   Sharad : Shai if we go below IB today that is 7980 then 8016 would be FA ?
[14:47]   Shai : I had suggested PE exit some time back
[14:47]   r m : 10 point above and 10 point below IB, millimetric precision 🙂
[14:47]   Shai : yes 8016 will be FA
[14:48]   Shai : Day is already neutral
[14:48]   Shai : look abv IB did nt find buyers
[14:48]   Shai : (12:23) Shai :close puts on next visit to 7970
[14:49]   Porus : it didnt visit 7970 thereafter
[14:49]   Shai : did nt get- (12:47) Shai :so has to go up and look for buyers above IBH now
[14:49]   Sharad : delta 84 NF
[14:49]   Shai : Close the PE
[14:49]   Shai : I was worried about the time decay
[14:57]   Shai : neutral center most liekly in NF
[14:58]   Shai : Normal day in BNF
[14:58]   Shai : Both point to a trend day coming up
[14:58]   Shai : Unfrtunately we have a holiday season which may take away the move from here
[14:58]   Sharad : NF delta only 30
[14:59]   Shai : could be 0 at vwap
[14:59]   Shai : None taken home
[14:59]   Sharad : ok
[14:59]   Shai : safer strategy
[15:01]   Shai : spx cash looked like it bottomed out short term yesterday
[15:02]   Shai : cose abv 1981 is confirmation
[15:02]   Shai : immedaite obj from here is 1997 if yesterday’s lows hold
[15:10]   Shai : sellers coming in NF
[15:15]   Narendra : according to delta yesterdays short still holding in nf
[15:17]   Shai : yes
[15:25]   Shai : 60 L touched
[15:25]   Anay : Delta day low
[15:27]   Shai : the alst 50 k volume from 2.45 hasd mostly sellers
[15:28]   Shai : still under averge volume in the session and would not be right to read too deeply in it
[15:30]   r m : Thanks and bye folks, have a great long weekend 🙂
[15:30]   Porus : bye
[15:30]   Sharad : Bye and Enjoyyyy
[15:30]   Chiranthan : Bye all
[15:30]   Anay : bye all
[15:30]   Narendra : bye all
[15:30]   Shai : Bye all
[15:31]   Shai : Enjoy your time off from the markets
[15:31]   Shai : Take care. Bye