OrderFlow charts and Notes 04/05/15

[08:52]   r m : Good Morning folks!
[08:53]   Porus : GM RM and all
[08:53]   r m : Hi Porus
[08:53]   r m : http://vtrender.com/levels-and-plan-for-4th-may/
[08:53]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-2904-2/
[08:53]   r m : http://vtrender.com/weekly-profile-may-series-futures/
[08:54]   r m : Nifty MAY Future levels Key Reference Area 8236 Hypo1 above 8237➜8270 SL 8199 Hypo2 below 8199➜8158 SL 8236
[08:54]   r m : Banknifty MAY Future levels | KRA 18565 | Hypo1 above 18615➜18699➜18762 SL 18565 | Hypo2 below 18565➜18390➜18330 SL 18610
[08:55]   r m : Nifty Spot Weekly levels | Resistance – 8280/8335/8480 | Support – 8113/8060
[08:55]   r m : Banknifty Spot Weekly levels | Resistance – 18450/18650/18725 | Support – 18130-18170
[08:58]   Sumit : GM everyone
[09:09]   Shai : GM all
[09:13]   Mahesh : GM ALL
[09:16]   Ashish : Gm all
[09:19]   Shai : Open is abv VAH
[09:19]   Shai : 2 ref lines gives at 8288 and 18610 to cross for sustained upmove abv vah
[09:19]   Varun : levels in blog a bit wrong fr value
[09:20]   Varun : #) Value areas are at 8340-8292-8252 for the session tomorrow. For using value areas effectively visit : http://vtrender.com/popular-market-profile-trading-setups/
[09:23]   Shai : Thanks.
[09:23]   Shai : Corrected now
[09:23]   Shai : http://vtrender.com/levels-and-plan-for-4th-may/
[09:24]   Shai : BNF attemping an inside day breakout
[09:25]   Shai : we want to see it push abv 18610 but not come down below VAH
[09:25]   Shai : VAH 18498
[09:25]   Shai : 8236 POC of expiry day
[09:26]   Shai : always more important the session after expiry
[09:26]   Mahesh : kk
[09:35]   Shai : nice clean move abv 8288
[09:35]   Shai : backed by good delta
[09:36]   Shai : 8318 supp now and 82349 objective on day
[09:36]   Shai : 18797 in BNF
[09:37]   Rahul G : shia view on adani enterprise
[09:38]   Rahul G : shai* sorry
[09:41]   RK : Gm all
[09:41]   Shai : adani looks like a seller at open
[09:42]   Shai : price will not get strength this week till it stays abv 676
[09:42]   Shai : supp at 643- 645 this week
[09:42]   Ashish : Shai, Siemens resistance please.
[09:42]   Shai : upside may get capped at 688 even abv 677
[09:42]   Rahul G : I guess till it stays below 676 na shai
[09:43]   Shai : yes Rahul
[09:45]   Shai : siemens 1343 supp
[09:45]   Shai : gets better over 1393 today
[09:46]   Ashish : Thanks Shai
[09:52]   Shai : some sellers coming in
[09:52]   Shai : vwap ref point
[09:53]   Tejpreet : Could be the longs that rolled over to get better price for exit.
[10:01]   Mahesh : is it good to go for long at this price
[10:06]   Varun : whts this color change all about @shai
[10:08]   Rahul G : varun guess this is weekly chart
[10:08]   Porus : @Shai, spot charts have come on
[10:08]   Rahul G : for spot
[10:15]   Shai : test
[10:16]   Shai : NF tests 8288
[10:16]   Shai : could be a normal day within IB
[10:21]   Shai : yes that wasa weekly profile chart of spot. We were looking for a 100 point bounce from 8180 – http://screencast.com/t/ehGQIdHi4Y
[10:24]   Hemant : Shai sir, GM. WIll it spend the day consolidating ?
[10:28]   Shai : yes looks locked 8288- 8348 F now
[10:29]   Tejpreet : Above 8348F next lvl intraday?
[10:29]   Shai : 8349 to 8373F
[10:30]   Tejpreet : Thanks Shai.
[10:31]   Shai : Sell BNF at 18615 sl 18669 tgt 18540
[10:33]   Mahesh : in twitter i didnt get this call
[10:33]   Mahesh : is it active
[10:37]   Shai : Gets active at 18615
[10:37]   Shai : yu can sell below also
[10:38]   Shai : but stops n targets will be the levels mentioned
[10:38]   Mahesh : kk
[10:55]   Shai : exit the short BNF trade. Buyers responding
[10:57]   Tejpreet : can anyone give rough value of 8400 call when NF is at 8379.
[11:00]   Amit J : 153
[11:01]   Tejpreet : Ok..thanks Amit….my target was 150
[11:01]   Shai : NF 8319 now minor res has to cross 8319 for 8348
[11:01]   Shai : supp at 8288 and VAH
[11:02]   Shai : Longs only abv VAH today
[11:02]   Shai : Longs only View*
[11:17]   Shai : Buy NF at cmp sl of 8285 tgt 8349 and 8372
[11:17]   Shai : Buy BNF 50% qty at 18650 tgt 18699/ 18728 sl of 18575
[11:18]   Varun : @shai wht’s the next lvn area of bnf may
[11:18]   Shai : 18728- 18750 excess
[11:19]   Varun : abv 750, 898 ?
[11:19]   Varun : as per blog ?
[11:20]   Shai : yes
[11:20]   Porus : Does price tend to go throught the lvn or return from it?
[11:20]   Shai : short sellers at 750
[11:20]   Shai : Price goes to an HVN and returns from an LVN
[11:21]   Porus : ok
[11:21]   Shai : law of mahnets
[11:21]   Shai : magnets*
[11:21]   Varun : if lvn crossed, big strength
[11:21]   Porus : thanks
[11:21]   Varun : like we did in nifty in morning around 8280
[11:35]   Amit J : shai obc view for long?
[11:48]   Shai : ORientbank good abv 207 all day
[11:49]   Shai : intra tgt 212 ad 214 . Positionals get stronger abv 216 close
[11:57]   Mahesh : i got a msg in twitter that the buy in nifty was positional
[11:58]   Shai : yes all not marked intra day would be positionals
[11:58]   Mahesh : then stoploss will be same
[11:58]   Shai : Intra day is parallel to be closed by 3.20
[11:59]   Mahesh : kk
[11:59]   Shai : No tgts / sl per FDN- https://docs.google.com/spreadsheets/d/1Nlk2ghNScGdWkgmv9oMSfz7VIJQdMj3C9GwS2bXTFnc/edit#gid=3
[12:00]   Mahesh : these levels are used to initiate trades and for targets & stoploss
[12:06]   Shai : yes
[12:06]   Amit J : syndicate view for long?
[12:11]   Shai : syndi short supply at 103.7
[12:11]   Shai : cross of that 1 will send it to 111/ 114
[12:12]   Shai : good buy near 100.8 all week
[12:12]   Shai : back in 15 mins
[12:13]   Amit J : thanks
[12:19]   r m : @Amit, looks like you are long in ONGC 🙂
[13:07]   Shai : quite day today- still normal day
[13:07]   Mahesh : normal day means
[13:07]   Shai : but looking for ne trip at least to 8348
[13:07]   Shai : Normal day is within IB
[13:07]   Mahesh : kk
[13:08]   Shai : http://vtrender.com/market-profile-day-types-4/
[13:08]   Rahul G : shai adanient gone can this be reversed to buy
[13:08]   Mahesh : thank u
[13:08]   Porus : Shai, can you post weekly spot, fut charts on the blog?
[13:09]   r m : weekly future profiles already posted
[13:10]   Porus : I am refering to the iew we saw in the morning with MIBL, MIBH, WIBL, WIBH etc
[13:10]   Porus : *view
[13:11]   r m : ok
[13:11]   Shai : Adani still a high risk new purchase here
[13:11]   Shai : 694 sl on 30 min close if buying here
[13:11]   Shai : tgt can be 730 is that holds on 30 mins
[13:12]   Shai : 2- 3 sessions
[13:12]   Varun : shai cn we have a dd in both nf and bnf
[13:12]   Varun : ?
[13:13]   Shai : No Varun
[13:13]   Shai : NF profile is a P
[13:13]   Shai : short covering
[13:14]   Shai : Porus will post spot charts after close
[13:14]   Porus : thanks
[13:14]   Varun : but bnf bot a p
[13:14]   Varun : not
[13:14]   Varun : so it has a chance ?
[13:15]   Shai : yes NF possible
[13:15]   Shai : BNF*
[13:16]   Varun : dalton in a recent webinar re explained his gap rule
[13:17]   Varun : open abv high, retraces back fully and then a late afternoon rally-high probabilty
[13:17]   Varun : suits bnf for today
[13:17]   Shai : yes
[13:18]   Mahesh : its a gap strategy
[13:24]   Hemant : Shai sir, why is it that huge orders are placed but not getting executed?
[13:25]   Hemant : Saw this occur in ITM options nifty this morning
[13:41]   Shai : somentimes they are dummy
[13:41]   Shai : it’s an accepted strategy to lure
[13:44]   Hemant : Right, still some orders in nifty calls.. huge ones. Getting cancelled as soon as half a second is over. OTFs or locals?
[13:45]   Shai : could be institutions playing day 1 strategy
[13:46]   Hemant : Going to stay away for a bit.. till maybe Euro open
[13:46]   Shai : Day 1 after 12.00 is like that
[13:46]   Shai : most liquid and players positioning
[13:47]   Hemant : Picked up a small quantity call put to ride this play out
[13:47]   Shai : A popular day 1 strategy is to write an ATM straddle and use the credit to buy 2 x to 4 x of OTM stangles
[13:48]   Shai : some people write Nifty ATM strikes and BUY BN OTM strikes with the equal amount of credit recieved
[13:49]   Shai : all these are generally executed on day 1 between 12 and 3
[13:53]   Hemant : Going to try it out sometime soon
[13:56]   Shai : looks like a move forming here
[13:56]   Tejpreet : Going for 8379 NF i guess.
[14:02]   Mahesh : k
[14:03]   Hemant : Ok to aim for 8332 on spot Shai & Tejpreet?
[14:04]   Shai : 8312 spot
[14:05]   Shai : a close abv 8315 gets interesting
[14:06]   Hemant : 🙂 Got it
[14:07]   Tejpreet : First is 8348 futures and then move to 8379.
[14:08]   Mahesh : k
[14:23]   Shai : BN
[14:24]   Shai : 80%
[14:24]   Amit J : plz refresh bn
[14:25]   Tejpreet : looks like OTF march in BN,
[14:27]   Tejpreet : Shai as many 0*0 in BN does it indicate a move to trigger SL.
[14:27]   Tejpreet : Because immideatley greens all over.
[14:27]   Shai : yes
[14:28]   Shai : buyers at lows
[14:28]   Shai : market depth was poor in BNF and toookthe next available price on Sl- M orders
[14:44]   Amit J : shai FA possinle in bn if high tested again?
[14:47]   Shai : yes
[14:48]   Shai : Buyers in NF also at lows
[14:48]   Shai : so looks like Buyers were waiting for series to be done
[14:51]   Shai : 18610- 18630 zone can be res in BNF for close and early tom
[14:57]   Mahesh : what a day sir
[14:57]   Shai : Book NF intra Part and raide TSL to 8314
[14:57]   Amit J : big seller at top?
[14:58]   Shai : checking again..
[14:59]   Shai : no
[15:00]   Tejpreet : Shai in case we close above 8315 spot should long positions be carried hoping for a gap up tomorrow or book at close.
[15:01]   Shai : ntra dayers book out 8272 fully
[15:01]   Shai : No Book
[15:02]   Shai : 8372- (15:01) Shai :ntra dayers book out 8272 fully
[15:07]   Shai : 18610 BNF
[15:08]   Shai : underperformer today
[15:08]   Shai : will be a sticky zone – (14:51) Shai :18610- 18630 zone can be res in BNF for close and early tom
[15:09]   Ashish : Shai, any targets for 18500CE.
[15:10]   Shai : 18550 spot close will be good for BNF and that ce
[15:10]   Shai : suggest to add qty only if that is crossed
[15:13]   Shai : NF meeting last week’s sellers
[15:13]   Shai : All this zone is where the May F sold off last week
[15:13]   Ashish : Thanks Shai
[15:21]   Shai : 8380
[15:22]   RK : Shai so close above 8335 spot makes it clear for bulls atleast for the week
[15:23]   Shai : yes could mean move to next supply point and helps us bump up tsl
[15:23]   Shai : 8280 spot roughly now on 30 mins
[15:24]   Shai : but a 40 point pull back due tom
[15:24]   Shai : 8342/ 8349 F visist pending
[15:24]   Tejpreet : So safe to buy 8300 put at closing.
[15:24]   Shai : ok
[15:25]   Shai : besides BNF is not negotiating the supply bar well
[15:26]   Shai : take away for the bull is that buying has been launched at lows
[15:26]   Shai : about 8288 if it comes in to play again this week should see dip buyers again
[15:26]   Shai : 8288 F
[15:30]   Ashish : Bye all
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Tejpreet : Bye All.
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice evening
[15:30]   Porus : bye all
[15:31]   RK : bye all