OrderFlow charts and Notes 07/04

[08:57]   r m : Good Morning folks!
[08:57]   r m : http://vtrender.com/levels-and-plan-for-7thapr/
[08:57]   Porus : GM RM and all
[08:57]   Shai : GM all
[08:57]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-0604/
[08:58]   r m : Hi Porus
[08:58]   r m : Nifty April Future levels Key Reference Area 8669 Hypo1 below 8646➜8603➜8563 SL 8668 Hypo2 above 8669➜8692➜8728 SL 8640
[08:58]   r m : Banknifty April Future levels KRA 18810 Hypo1 below 18810➜18618➜18474 SL 18845 Hypo2 above 18845➜18960➜19056 SL 18760
[09:02]   r m : MO reached +59 yesterday
[09:02]   Amit J : MO was super fast from -70 to +59
[09:04]   r m : yes, 4 days only
[09:04]   RK : GM Shai,RM and all
[09:05]   r m : Hi RK
[09:08]   Tejpreet : GM All
[09:11]   Keshav : gm all\
[09:19]   Porus : Sshai, can you adjust footprint chart to show total delta?
[09:19]   Shai : Not showing?
[09:20]   Porus : No
[09:20]   Shai : on NF?
[09:20]   r m : red, green delta bars are showing on both
[09:20]   Porus : NF is OK.
[09:21]   Porus : BNF shows oly the last column
[09:22]   Kathir : GM Shai RM and all friends
[09:22]   Shai : Thanks for pointing that out
[09:22]   Porus : yes, now ok
[09:22]   r m : Hi Kathir
[09:22]   Kathir : @keshav how are you
[09:22]   Janak : shai a visit to 8650 NF is there today?
[09:24]   Shai : A lot can happen today
[09:24]   Shai : Prefer to be open without a big bias till 12 noon
[09:25]   Shai : BNF open in range and value
[09:25]   Shai : NF abv range and value
[09:25]   Shai : so there is a bit of a disconnect to this open
[09:25]   Janak : nf has done 100 up from yday morning – so it will cool off a bit around 8650?
[09:26]   Shai : should
[09:26]   Amit J : shai your view on ab nuvo for long.
[09:26]   Shai : there is clear res in this zone
[09:26]   Shai : with a sl of 8733 it is a short to fill up gap and to vah to begin with
[09:28]   Kathir : @shai 18k pe taken yest hold till rbi news any views for that?
[09:28]   Shai : a birla good abv 1678 but has to cross 1694
[09:29]   Shai : tgt is 1734
[09:29]   Amit J : thks
[09:31]   Kathir : @shai 18k pe taken yest hold till rbi news any views for that?
[09:31]   Shai : Kathir it is a positional hold till 18800- 18860 spot goes
[09:32]   Kathir : oh ok thanks
[09:32]   Janak : if they take bn to 500 and below before policy time – bn might tank to 18k today itself?
[09:32]   Shai : Yesterday buyers at 18610/620 seen as a support in BNF
[09:33]   Shai : below that should give the 18474/ 18510
[09:33]   Shai : NF is now an OAOR
[09:33]   Shai : BNF an OAIR
[09:35]   Janak : bearish poss would be that entire upmove from 8610 from yday will be retraced
[09:37]   Shai : Right Janak- we are listening 🙂
[09:37]   Janak : lol
[09:37]   Kathir : 🙂
[09:37]   RK : Shai view on HCL pls
[09:38]   RK : holding shorts
[09:38]   r m : nf gap filled
[09:40]   Shai : hcl tech gets stronger abv 938
[09:40]   Shai : 948 sl for shorts actually – can rush to 968/963
[09:41]   Janak : 18kpe decayed by 10 pts
[09:41]   RK : thanks Shai..
[09:43]   Shai : 18631
[09:43]   Shai : that buyer is in that zone
[09:43]   r m : seller at 710
[09:46]   Janak : rm what do FII activity suggest?
[09:47]   r m : they went net short yesterday in index futures but were long in Index CE
[09:48]   r m : http://vtrender.com/wp-content/uploads/2015/04/fiioi1.png
[09:49]   r m : MO at 59 is also a threat to longs
[09:49]   Janak : what does that mean? are they bearish?
[09:49]   r m : but today only Rajan is the threat!
[09:49]   Janak : u have his no? 😉
[09:49]   Shai : Sell NF 8694- 8698 sl of 8714 tgt 8668
[09:51]   r m : @Janak, no man! I don’t give my number to such folks! 😀
[09:52]   Janak : lol
[09:52]   Kathir : 🙂
[09:54]   Janak : nf delta -1 lac!
[10:00]   Janak : sold silver at 38170 at close booked at 37880 at open
[10:00]   Janak : chandi hi chandi rm sir 🙂
[10:01]   r m : sab sona chandi Pondy mein chala gaya 🙂
[10:01]   Janak : aur ileana dehradoon ;
[10:02]   r m : lol
[10:02]   Janak : i wonder why MCX is not introducing comm options?
[10:03]   Janak : that will shoot its turnover 20 times
[10:03]   r m : perhaps they are not getting writers willing to do harakiri 😀
[10:03]   Amit J : it is not allowed . they are desperate
[10:03]   r m : ok
[10:04]   Janak : but why not allowed? any logic?
[10:04]   Janak : but one can imagine – silver daily moves 2000 pts and with options – people will go bankrupt on daily basis 🙂
[10:05]   r m : lol
[10:06]   Amit J : as no reulator for mcx. now sebi will be regulator so it may allow various product
[10:06]   Amit J : but will take 1 yr more
[10:06]   Janak : ok
[10:07]   r m : yes
[10:15]   Janak : only if i cud ask shai abt where the copper is going 🙂 it is in a strong downtrend
[10:27]   Shai : One touch to vah pending pre RBI
[10:28]   Janak : shai pl put copper chart 🙂
[10:28]   Shai : There is non acceptance of price abv 8676 spot in the IB
[10:29]   Shai : post RBI that is still the level to watch
[10:29]   Janak : rbi at 12?
[10:29]   Janak : bn will give those famous wild 200 pts move in seconds
[10:30]   r m : 11
[10:30]   r m : don’t wait till 12 🙂
[10:30]   Janak : lol
[10:30]   Shai : yes it will
[10:31]   Shai : at 10.55 – 10.59
[10:31]   Shai : and if RR delays for 2 mins – God help
[10:31]   Janak : can RR as an individual trade the mkt?
[10:31]   RK : delay suggests?
[10:32]   Shai : He is punctual
[10:32]   RK : got it
[10:32]   Shai : but traders panic if news not out
[10:34]   Mandar : GM. Shai do you see 8750-60 in nifty ft above todays high?
[10:35]   Shai : yes
[10:35]   Mandar : 8850? 🙂
[10:35]   Shai : Exit NF shorts at cmp here 8690
[10:35]   Shai : we may move to 8723 once up
[10:36]   Shai : Mandat I see 8796 spot abv today highs
[10:36]   Mandar : ok
[10:37]   Mandar : thanks Shai.
[10:47]   Janak : even for a move up a swipt to take out sl down will be there?
[10:48]   Shai : looks like that vah move is shelved and a move to take out shorts will come first
[10:48]   Janak : ok
[10:48]   Shai : hence suggested exit
[10:52]   Tejpreet : Market has not shown any reaction to MAT on Fii for profits earned….could that also come into play post RBI.
[10:53]   Tejpreet : Fii selling can begin in the spike post rbi.
[10:56]   Shai : 10.55 spike
[10:56]   Shai : 18581
[11:00]   Amit J : no chg
[11:00]   Shai : Nice Amit
[11:01]   Shai : 2 mins before
[11:01]   Kathir : unchanged
[11:01]   Shai : 8670 low
[11:02]   Shai : BNF weak below 18650
[11:05]   Shai : BNF is weak here
[11:05]   Shai : can do that 18474 today
[11:08]   Shai : Sell NF 8670 sl of 9695 tgt 8630/ 8610
[11:08]   Shai : 8695 sl *
[11:10]   Shai : watch 8628 on spot- a break of 8628 brings in weekly supp at 8540 immediately
[11:11]   Amit J : shai 80% in nifty
[11:12]   Porus : no change in rates
[11:12]   Shai : yes
[11:13]   Shai : 18474
[11:13]   Shai : that 18000 pehas done 199
[11:13]   Shai : hold
[11:15]   Shai : Book part of that NF short at 8643 leave bal for 8610
[11:16]   Shai : a problem is if everyone issues a sell alert now and NF/ BNF jump up as a result
[11:17]   Shai : if BN breaks 18405 now we get 18130 spot
[11:17]   Shai : 18405 spot
[11:18]   Hussain : shai if yesterday balnce broken than can we consider positional sell?
[11:19]   Shai : positional sell if VAL breaks
[11:20]   Shai : Uprending mkt staying abv VAH mostly- reversal is trade below VAL
[11:21]   Shai : Boucne to 8680 F can get sold again
[11:22]   Varun : probably shld nt renter ib, if has to fall
[11:22]   Hussain : ok thanks
[11:22]   r m : NTPC back to 154
[11:22]   Shai : Yes Varun
[11:23]   RK : but as Shai said entire world wants to sell the mkt..so may have to wait for 2.30
[11:24]   r m : 🙂
[11:35]   Varun : @shai blog mentions vah as 76
[11:35]   Shai : mainatining 18645 as res
[11:35]   Varun : chat room mentions as 62
[11:35]   Varun : ?
[11:35]   Shai : 62 is right
[11:36]   Varun : so rejected entry into vah with bad news in hand
[11:36]   Varun : seems bullish ?
[11:36]   Shai : Not yet
[11:36]   Shai : auction developing
[11:37]   Shai : 8680 ref line
[11:37]   Shai : see if it gets abv IBL also
[11:41]   Shai : We are not shorting NF now till it breaks 8662 again
[11:43]   Shai : Short BNF btw 18585- 18590 sl of 18650 tgt 18510/ 18474
[11:44]   Shai : so 40 mins later RBI is a non event ?
[11:44]   Shai : fr the mkt that is
[11:44]   Shai : 1st cut big upside, second cut big downside so RR said no cut 🙂
[11:47]   Hussain : 😉
[11:47]   r m : Must be Janak’s work, he was asking for RR’s number 🙂
[11:48]   Shai : lol
[11:48]   Janak : or maybe shai – got into 18kpe yday 😉
[11:49]   r m : lol
[11:49]   Janak : it has done 199 so far and most likely will go above 200?
[11:50]   Shai : NF is not wating to be short
[11:50]   Shai : wanting
[11:50]   r m : NF in IB
[11:51]   r m : if BNS moves to 18130 that PE will be around 300
[11:51]   Shai : NF can do 8732
[11:51]   Janak : 650 sl will go shai?
[11:52]   r m : my msg appearing late 🙂
[11:52]   Shai : BNF sl taken
[11:54]   Shai : Now shorts coming
[11:54]   Shai : sl hunting
[12:07]   Shai : that sl in BNF got taken and we are down again
[12:07]   RK : NF shorts now can keep IB low SL?
[12:07]   Shai : yes
[12:07]   RK : gone for BNF again on the drop below 590
[12:08]   Shai : yes
[12:08]   Porus : what are bnf targets below 474?
[12:08]   Janak : decider move shai?
[12:08]   Janak : bn may go down to 18k now?
[12:10]   Shai : yes
[12:10]   Shai : Porus we are looking at 18248 F
[12:11]   RK : exit 505..
[12:12]   RK : on break of low may go again
[12:13]   Shai : NF has more to fall
[12:18]   Tejpreet : Shai now any rise on NF can be shorted with sl at 8735 …positional.
[12:18]   Shai : NF new shorts will keep sl at 8680 instead of 8668
[12:19]   Shai : Yes Tejpreeet that is right view
[12:19]   Shai : this weakness now is to 8541 for the positional player
[12:19]   Tejpreet : Ok.
[12:19]   Shai : 8541 spot
[12:20]   Shai : looking at 18131 spot in BN but good addition of shorts to come below 18405
[12:26]   Janak : bounce till 550?
[12:26]   Shai : possible Janak
[12:26]   Shai : but don’t do contra
[12:27]   Janak : ok
[12:30]   Janak : 18400-450 is a strong buyers zone?
[12:31]   Shai : 18415 supp
[12:31]   Janak : 477-670 was the first bounce up
[12:32]   Shai : contra long abv 18467 F only with sl of 18414 tgt 18505/ 18540
[12:32]   Janak : if 421 is a bounce point – it can do another 100 up
[12:32]   Shai : 18467 has to cross
[12:32]   Shai : Selling abv is heavier Janak
[12:32]   Shai : and they took retail out on that bounce
[12:54]   Shai : Buyers trying to come back at 18415
[12:54]   Shai : NF has done POC but continues to be weak below 8646
[12:55]   Amit J : RM what is MO now
[13:00]   r m : @Amit 53
[13:01]   Janak : shai 522/550 can come here?
[13:01]   r m : my msgs getting delayed, pls bear with me 🙂
[13:01]   Amit J : thks
[13:02]   Shai : 522 possible
[13:02]   Shai : careful with NF shorts also
[13:02]   Shai : can bounce upto 8674
[13:04]   Janak : 520
[13:04]   Kasi : tq
[13:07]   Sharad null : Hi Guys…logging from mobile..can any one give 18000 put price?
[13:08]   Tejpreet : current 196
[13:08]   Tejpreet : high 220 low 132
[13:09]   Sharad null : thanks…still holding..Shai hold na
[13:11]   Shai : yes
[13:12]   Sharad null : Ok thanks
[13:12]   Amit J : look trending day today
[13:14]   Janak : can book at 550 shai?
[13:25]   Janak : came to 538 and went down
[13:41]   Shai : down move has been halted for now
[13:51]   Tejpreet : Global cues are positive ….any dip now sould be used to book shorts …carrying positional looks risky ….your views Shai.
[14:04]   Shai : we should finsish at 8610/ 03 where we can book part shorts
[14:04]   Shai : that will be in line with 1st obj around 8540 spot
[14:05]   Tejpreet : Great ..thanks.
[14:23]   Janak : 620 can coe?
[14:29]   Shai : bounce done- (13:02) Shai :can bounce upto 8674
[14:29]   Shai : Now closing hour action
[14:30]   Shai : has to break 8636 now and then we short for 30 points quickly
[14:30]   Shai : tgt 8603 below 8635
[14:32]   Shai : Janak 580 val and just below vwap
[14:40]   Shai : ES is trapped between 2062- 2078 now
[14:41]   Shai : may spend some more sessions in that 16 point range
[14:42]   Shai : BNF is more weaker that NF having stayed below VAL and hence that up trend is gone in BNF
[14:42]   Shai : But NF is still resilient and stays abv POC/ VAH
[14:43]   Shai : BNF chart with value an POC staying up : http://vtrender.com/wp-content/uploads/2015/04/BNF_compo2.png
[14:43]   Shai : we will see that change today
[14:43]   Shai : 18248 F still the objective as long as we stay below 18624 F now
[14:45]   Shai : There was some buying/ shortcovering neted at 18415 and that needs to be taken down by bears
[14:46]   Shai : these guys arund 1 pm – (12:54) Shai :Buyers trying to come back at 18415
[14:47]   Shai : vwap now- trying to push up to 9694 F
[14:48]   Shai : 8694*
[14:54]   Shai : Sell NF 8670- 8674 sl of 8695 tgt 8646/ 8630
[15:08]   Shai : enter stops in system- we will let go of short if 8695 is taken out
[15:12]   Shai : sl taken
[15:12]   Shai : closing is an anti climax
[15:21]   Shai : NF on the opp side
[15:21]   Janak : bulls r here to stay
[15:23]   Shai : lots of green from 8686
[15:24]   Shai : 8700 ce dropped 8% in last 30 mins
[15:24]   Tejpreet : Shai ….can 18000 put be brought again at closing 165
[15:24]   Shai : yes
[15:24]   Shai : shorts should come back in NF here too
[15:26]   Tejpreet : Volumes are good for the day.
[15:26]   Shai : BNF below 18625 and NF at day high
[15:26]   Shai : mkt is not in sync
[15:27]   Amit J : midcaps in fulll mood
[15:27]   Amit J : MO should be very strong
[15:27]   Shai : yes 1:2 adv dec in 140 stocks
[15:28]   Amit J : abnuvo any level above 1730
[15:30]   Shai : 1782
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Amit J : bye
[15:31]   Shai : Bye all
[15:31]   Shai : Have a nice evening
[15:31]   Porus : Bye all
[15:31]   Tejpreet : Bye All.