OrderFlow charts and Notes 08/05

[08:52]   r m : Good Morning folks!
[08:52]   r m : http://vtrender.com/levels-and-plan-for-8th-may/
[08:52]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-070515/
[08:52]   r m : Nifty MAY Future levels| Key Reference Area 8117| Hypo1 above 8117➜8161➜8195 SL 8080| Hypo2 below 8080➜8030➜7987 SL 8117
[08:52]   r m : Banknifty MAY Future levels| KRA 17441| Hypo1 above 17442➜17551➜17615 SL 17340| Hypo2 below 17340➜17216➜17042 SL 17445
[08:53]   Shai : GM all
[08:55]   r m : Results today – HUL,PNB, Eicher
[08:56]   r m : Results tomorrow – Syndicate Bank
[09:00]   Sharad : GM all
[09:02]   Sudhakar : GM all
[09:04]   Vishnu : GM all
[09:05]   Ashish : gm all
[09:09]   Amit J : open above PDH
[09:10]   RK : GM all
[09:10]   Sudhakar : gm all
[09:12]   Amit J : syndicate is buy RM
[09:12]   Sharad : Big Gap Up
[09:12]   r m : Thanks Amit
[09:17]   Hemant : Shai sir, 8150 on spot today?
[09:17]   Sumit : GM everyone
[09:17]   Hemant : Gm folks
[09:17]   Rameish : GM all Have just joined today
[09:17]   r m : welcome
[09:19]   Shai : OPen near kra 1st tgt 8161 . look for it move abv
[09:19]   Shai : also open abv spike
[09:19]   Shai : 8110
[09:19]   Hemant : Spot?
[09:20]   Shai : 8125 supp
[09:20]   Amit J : 17700 crossed bn
[09:23]   Shai : strong open
[09:23]   Varun : chances of it going above 6th value area high ?
[09:23]   Varun : first rejection from thr only ?
[09:23]   Varun : @shai
[09:24]   Shai : 8185 – 8195 pull back high
[09:25]   Shai : 1st res
[09:29]   Shai : 8161 supp
[09:29]   Shai : eyes on BNF at vwap of the drive
[09:30]   Shai : not able to cross pdh
[09:31]   Shai : below 17650 can drop 100 points to 17550
[09:31]   Shai : NF not able to take out pull back high yet at 8195
[09:32]   Shai : trend day volume is still in control
[09:33]   Ashish : Shai, shorts can be initiated below 17650?
[09:34]   Shai : yes can short with sl abv 17698
[09:34]   Ashish : ok, thanks
[09:34]   Shai : OPen is unsettled still
[09:34]   Shai : we will give it some time
[09:34]   Hemant : Shai sir, any put to buy ?
[09:34]   Shai : can continue up as well
[09:35]   Shai : Hemant buy only if 8161 breaks
[09:35]   Rameish : shai short will be active only blw 17650right?
[09:35]   Shai : Yes Rameish
[09:36]   Hemant : Got it Shai 🙂
[09:39]   Shai : Buy NF abv 8199 tgt 8238 sl of 8161
[09:44]   Shai : NF is an open drive up- anomaly reapir at 8238 is the tgt if it sustains this 8185-8195 zone up
[09:48]   Shai : looks like a bad fill for us right at the very tp where there are 2 sellers
[09:49]   Porus : what imlications of bad fill?
[09:50]   Shai : Not yet just the breakout vol expected did not come
[09:50]   Shai : but we stay long
[09:50]   Shai : 8195 pull back low and 8199 last week low
[09:50]   Mahesh : k shai
[09:50]   Shai : looking for greens abv that to confirm shortcovering seen yesterday
[09:51]   Shai : 8157 is the big buyer of the morning
[09:51]   Shai : we will place stops at 8155
[09:52]   Mahesh : replace stoploss level to 8155
[09:56]   Shai : yes
[09:57]   Shai : Break out may not come now till noon – we will use a level of 8192- 9195 to exit long position
[09:57]   Shai : 8195*
[09:57]   Mahesh : k shai
[09:58]   Hemant : Around 8170 on spot right?
[09:58]   Mahesh : 8185 can we exit or for sl level
[09:58]   Shai : spot 8123 supp 8186 res
[09:59]   Shai : exit closer to 8190 F
[10:20]   Rameish : shai can we nifty now??
[10:22]   Shai : yes that trade is to still buy at the higher levels expecting 8237 / 8270 if we cross over
[10:23]   Shai : there is a little bit of selling at 8196 + but buyer down at 8170 is holding strong
[10:23]   Varun : shai in 9.45 candle, we have a seeler at bottom and top
[10:23]   Shai : on the chart if the top volume of the bar is green and the delta is also green you would be swimming with more buyers
[10:23]   Varun : whoever goes , i think will set the trend ?
[10:25]   Shai : see that 205525 and 341025 those are the ones holding up
[10:25]   Varun : ok
[10:25]   Varun : and tht matches with range of pday
[10:25]   Varun : so if we reneter range below vwap today
[10:26]   Varun : we could go all the way down
[10:26]   Shai : yes to 8111 again
[10:26]   Varun : yup
[10:26]   Varun : cool 🙂
[10:26]   Shai : BNF abv day high can do 17885
[10:29]   Mahesh : seller at bf at highs
[10:32]   Shai : big seller
[10:33]   Shai : can give an FA there
[10:33]   Mahesh : FA Means
[10:33]   Shai : failed auction
[10:34]   Porus : for tht price must reach ibl, isnt it?
[10:34]   Shai : yes
[10:34]   Shai : potential FA
[10:34]   Shai : qualifying my stsmt abv*
[10:35]   Mahesh : ho kk
[10:35]   Shai : hope all had a chance to exit that long in NF
[10:36]   Shai : let this 40 point tradeoff happen
[10:36]   Mahesh : ya shai
[10:36]   Shai : we shuld get a good opening for a move later this afternoon of 60- 80 points
[10:36]   Shai : sell is below 8155 and buy abv day high
[10:36]   Mahesh : kk
[10:50]   Dharamveer : Can we buy Bn fro 100 points
[10:51]   Hemant : Shai taking a small break here for an hour, would you suggest opening a position? Put or Call?
[10:53]   Rameish : what does the pink line imply?
[10:54]   Mahesh : down volume
[10:54]   Shai : No Hemant
[10:55]   Hemant : Got it boss 🙂
[10:55]   Hemant : See you in a bit
[10:55]   Rameish : i have not yet got this
[10:56]   Shai : Ramesih Pink is passive orderfow and impies sellers
[10:56]   Shai : green is buyers
[10:56]   Rameish : ok got it now
[11:03]   Shai : High risk trade in BNF : sell BNF 17765 sl of 17810 tgt 17680
[11:06]   Vishnu : last two 15 mins, postive delta. and green up top. what are the best conclusions other than buyers stepping in Shai?
[11:07]   Amit J : trending day with vwap managed
[11:08]   Shai : NF negotiating supply
[11:08]   Shai : if it stays up here we may see 8270 by close
[11:17]   Porus : charts stuck?
[11:17]   r m : yes
[11:19]   Shai : just a min…one program interfering
[11:19]   Amit J : i was watching that red candle since 5 mins 🙂
[11:30]   Dharamveer : can anyone see the chart or only curtain
[11:30]   r m : it is curtain for all 🙂
[11:30]   Vivek K : prepariong for the next show
[11:31]   Vivek K : cast is being assembled
[11:31]   Vivek K : behind the screen
[11:31]   Vishnu : volatility ever since the curtain in NF?
[11:31]   RK : Vivek hope it would be romnace show and not a horror one 🙂
[11:32]   Vivek K : hahahah
[11:32]   Vivek K : thanks to shai and rm, its been a good ride
[11:33]   Dharamveer : You mean romance in blue and horror in red
[11:35]   r m : one man’s romance is another’s horror 🙂
[11:35]   Shai : 🙂
[11:36]   Shai : You guys are funny 🙂
[11:36]   Shai : Sorry for the trouble- had to do a restart and took time
[11:36]   Shai : all well now and hope charts are streaming..
[11:36]   RK : RM it depends on whether you are with a right partner 🙂
[11:36]   RK : Yep charts are fine Shai
[11:37]   r m : @RK lol
[11:37]   Shai : thanks
[11:37]   Shai : 17710 vwap holding the seller march
[11:38]   Shai : a determined sell program operating at 17780- 17790
[11:38]   RK : SAR above 17800 can give 17880 Shai?
[11:39]   Shai : 17810
[11:39]   Shai : yes
[11:39]   RK : fine
[11:39]   Shai : that would be a quick job if he does not add up
[11:40]   Shai : but generally an algo would add up
[11:40]   RK : yes he did once now when we made a visit till 17888
[11:40]   RK : *788
[11:41]   Shai : for the record, on this ride down BNF had more sellers than NF
[11:41]   Shai : in terms of nos of contracts sold
[11:45]   Vishnu : dVAH keeps getting rejected?
[12:00]   Vishnu : room is silent. frustration with narrow range? 🙂
[12:01]   r m : silence paid 🙂
[12:02]   Vishnu : why is delta big negative number. NF chart
[12:02]   Vishnu : 8211, look at the sellers
[12:02]   Vishnu : am I missing anything?
[12:03]   r m : @Vishnu, looks like someone is following Shai’s advise and shorting on rise 🙂
[12:04]   Vishnu : haha. but what does it mean? what should be my observation and takeaway?
[12:04]   r m : it only means that there is aggressive selling at the top, whether the seller can bring the market down or not only the price will tell
[12:05]   Vishnu : limit orders?
[12:05]   r m : yes
[12:06]   Vishnu : how easy is it to spoof in indian equities? or are our markets not that big to entertain those players? :p
[12:06]   Hemant : Shai sir, is there a trade here ?
[12:07]   r m : @Vishnu, i think all markets are like that, it is the function of the market to transfer money from one pocket to other 🙂
[12:08]   r m : @Amit, your syndicate bank on the prawl 🙂
[12:08]   Amit J : it will continue dont exit
[12:08]   r m : ok
[12:08]   Amit J : look at pnb
[12:08]   Amit J : should be very poor nos lookling at price
[12:10]   Vishnu : probability of 8270 is good at this level right?
[12:10]   r m : very high volumes too, that should impact BNF, PNB has reasonable weightage there, almost 4%
[12:11]   Amit J : nos very bad
[12:11]   r m : ok
[12:15]   RK : 06th May sellers are waiting from 8224 F..we have made high so far 8219.5..uphill task unless they unwind or equal buyers enter there for new positions
[12:24]   Vishnu : guess that big nifty buyer didn’t see that bad PNB results coming? 🙂
[12:29]   Dharamveer : Sir any entry fro BN
[12:32]   r m : @Vishnu, PNB has .5% weightage in Nifty
[12:33]   Vishnu : yea. just a remark of unseen surprise.
[12:34]   Shai : shorts out of BNF now
[12:35]   Rameish : any trade?
[12:36]   Shai : NF buy on the dip now near 8209
[12:37]   Rameish : can we buy @ 8210 what will be the sl?
[12:37]   Shai : sl will be 8187
[12:38]   Rameish : ok
[12:38]   Shai : Buy NF near 8210 sl of 8187 tgt 8237/ 8270
[12:49]   Shai : Buy NF 1 part here to stay in trend
[12:50]   Shai : BNF ready to move up
[12:51]   Amit J : allahabad any view shai
[12:51]   Amit J : looks good to me
[12:52]   Shai : your syndi has to to do 104.6 today/ mon and
[12:52]   Shai : can do 109.3 next week
[12:55]   Amit J : thanks
[12:55]   Shai : albk cross of 101.9 is immediate 2 point upside to 104.6
[12:55]   Shai : tgt if 107
[12:55]   Shai : mon
[12:56]   Rameish : shai any entry on bnf
[12:58]   Amit J : pnb very very poor nos
[12:58]   Vishnu : increase in NPAs must’ve been a bummer
[12:59]   Vishnu : PNB still don’t have chairman or MD i think?
[13:00]   Amit J : shit allahabad
[13:02]   Shai : Rameish BNF a long trade is there but OrderFlow does not show willing buyers
[13:02]   Shai : so playing safe
[13:02]   Rameish : k
[13:02]   Rameish : i have entered nf
[13:02]   Shai : not looking at a short till 17760 breaks again
[13:03]   Rameish : ok
[13:04]   Rameish : if nf comes to 8209 should i buy the other half
[13:04]   Varun : @shai 248 buyer at top, trapped or short cover stopped ?
[13:07]   RK : Varun with such volume prices must have popped up..seems SL
[13:08]   Rameish : shai uthere??
[13:16]   Shai : ys buy when you get delta as green
[13:17]   Shai : Varun Buy stop order triggered
[13:18]   Rameish : delta?
[13:18]   Hemant : Should buy here at 8209?
[13:20]   Shai : wait
[13:20]   Shai : we add at 8200 the other half
[13:23]   Hemant : Got it
[13:26]   Shai : BNF sell algo not giving up
[13:27]   RK : seems it also follows our 50 points SL strategy 🙂
[13:31]   Shai : contrarian BN play here is a trip to 18100 spot
[13:31]   r m : 🙂
[13:31]   Shai : sl of 17700 closeing spot
[13:31]   Shai : just to relieve the excess sell pressure before another leg down
[13:32]   Shai : that’s is about 300 points upside on today close abv 17700
[13:32]   Shai : 100 risk
[13:32]   Shai : 17800 spot now
[13:33]   RK : HUL results out?
[13:36]   Amit J : hul buy any view sgai
[13:38]   Amit J : *shai
[13:40]   Shai : hll looks locked in a range
[13:41]   Shai : shrts will stay till price does not cross over 891 and then 902
[13:41]   Shai : about 40 point upside and safe abv 902
[13:45]   Rameish : can buy nf now?
[13:46]   Shai : yes
[13:46]   Shai : sl is 8187
[13:47]   Shai : BNF giving anothers sell
[13:48]   Shai : Sell BNF cmp sl of 17820 tgt 17680
[13:50]   Shai : NF longs not looking safe . exit if sl is taken at 8187
[13:50]   Shai : sell pressure mounting in last 10 mins
[14:01]   Shai : BNf stop gone
[14:02]   Amit J : shai trendign day buy?
[14:02]   Sharad : After trend days … Algos hit all Stop losses
[14:06]   r m : (*** Private to RK ) HUL seems to be doing nothing, only cam levels are moving 🙂 http://screencast.com/t/HpSPT5TMx
[14:09]   Shai : there is one seller at 17800 buy buys are also coming from below
[14:09]   Shai : NF sl of 8185 F now for close at day high
[14:09]   Shai : move that sl 2 points down
[14:10]   Shai : BNF may pull up in the close
[14:10]   Shai : look at that 18500 ce to carry
[14:11]   Shai : (13:31) Shai :contrarian BN play here is a trip to 18100 spot
[14:19]   Amit J : hul nos any time now
[14:19]   Amit J : 2-5 mins
[14:24]   Dharamveer : Sir are these fresh positions are short coverings
[14:25]   Shai : BNF
[14:25]   Shai : short coverings
[14:25]   RK : Algo given up finally
[14:26]   Vishnu : 60 pts move in BNF and 6 in NF 🙂
[14:27]   Shai : our NF sl got saved by 1
[14:27]   Amit J : exited hul.
[14:28]   RK : 2.30 ment taking charge here
[14:28]   RK : *men
[14:29]   Amit J : poor exit
[14:29]   Vishnu : NF choppy
[14:30]   Shai : big spike HLL
[14:31]   Amit J : result came
[14:31]   Amit J : now more spike should come
[14:32]   Shai : 888 supp
[14:36]   Dharamveer : does the HUL need to close above 902 in cash to go long
[14:36]   Hemant : Shai, too late to buy 18500 CE?
[14:37]   Porus : Shai what above 8230?
[14:38]   Varun : shai responsive sellers ?
[14:38]   Varun : cn u refrsh data\
[14:39]   Amit J : shai now day high close confirm?
[14:42]   Rameish : will not trade further got confused
[14:47]   Shai : exit all NF
[14:47]   Shai : sluggish move
[14:47]   Shai : Amit 8250 may resist
[14:48]   Shai : Hemant buy the ce on next dip to 17850 F
[14:49]   Shai : Yes HUL close abv 902 preferable
[14:50]   Hemant : Now is fine?
[14:51]   Shai : No 17850
[14:52]   Hemant : Got it
[14:52]   Hemant : Spot or F?
[14:53]   Shai : F
[14:53]   Vivek K : 17950 bnifty is a seller?
[14:53]   Shai : yes looks like a seller
[14:56]   Vivek K : o buyers at 17950?
[14:56]   RK : Shai gap up only way to handle those sellers of sell off if we close here?
[14:58]   Shai : Vivel that is an algo which enetered market orders to absorb all the buying
[14:58]   Shai : Vivek*
[14:59]   Shai : RK I think we are still good abv 17750 spot close today
[14:59]   Shai : one trip slightly up to chase out shorts and then down
[15:00]   RK : fine
[15:00]   Shai : remember 8505?
[15:00]   Vivek K : ok
[15:00]   Vivek K : thanks
[15:00]   RK : Yes 🙂
[15:00]   Vishnu : NF view at the moment shai? what levels are you looking at?
[15:00]   Dharamveer : Hul future at 907 can we buy any call
[15:01]   RK : we closed around 200 down next day from that 8500 high
[15:01]   Shai : Vishnu I maintain positional sell in Nifty till we do not cross above 8350 spot
[15:02]   Vishnu : LIC has big job on Monday then 🙂
[15:02]   Shai : In here at 8270- 8320 F sits a very strong seller who may still be in with a large piosition’
[15:02]   Vishnu : 8270-8320. not visible on stream is it
[15:02]   Shai : Yes cash buying was huge by DII yesterday and maybe toay also
[15:02]   RK : Tuesday may be the day
[15:03]   RK : dont expect it on Monday..
[15:03]   Shai : NF below 8195 F next week will sell off again
[15:08]   Shai : anyone knows of a report compiled by brokers as a summary of earnings so far?
[15:09]   Vivek K : sent to ur mail
[15:09]   Shai : oh thanks
[15:10]   Shai : 17840
[15:10]   Vivek K : did i read that seller right or was it a fluke?
[15:11]   Shai : it was perfect
[15:12]   Shai : 3 keys _ 1st watch FP chart as that has most acurrate vlumes
[15:12]   Shai : 2) then watch the 5 min chart for same seller at top ( this is the agg mkt order)
[15:12]   Shai : 3) watch delta in pane below for confirmation
[15:13]   Vivek K : ok thanks
[15:14]   Hemant : Shai, 17850 gone, is it a buy on dip still?
[15:14]   Hemant : BNF
[15:15]   Shai : yes go with that call
[15:16]   Hemant : Ok
[15:18]   Sudhakar : shai 8200 pe @132 can bought as u mentioned on 6th
[15:19]   Shai : yes Sudhakar
[15:20]   Sudhakar : ok thanks
[15:20]   Shai : NF upside is capped positionally not more than 8 points here and one visist to lows pending
[15:20]   Shai : 80 points *** 🙂
[15:21]   RK : 🙂
[15:21]   Shai : we should see sellers entering at 8230- 8250 spot zone next week
[15:22]   Shai : previous sellers already holding 8340 spot
[15:22]   Shai : will update weekly view on blog
[15:22]   Porus : Shai, so 18500ce and 8200pe both buys?
[15:23]   Vishnu : albk or syndi looks good for monday swing guys?
[15:23]   Shai : Not albk
[15:23]   Amit J : looking at nifty close taking any position looks risky
[15:23]   Shai : but syndi yes
[15:23]   Shai : same as last week close
[15:23]   Hemant : Thats exactly what I was wondering, Nifty buy a PE and BNF a CE?
[15:23]   Rameish : should i wait til spot of 8230-8240 for short or may be buying 8200 pe?
[15:23]   Shai : this was the view last friday : http://screencast.com/t/CcHIBjX9KcYc
[15:24]   Shai : won’t change much this week 🙂
[15:24]   RK : Shai I was expecting you to revise 8050S further downside this week 🙂
[15:25]   Shai : Hemant BNF ce only for mon maybe tues we start down leg again
[15:25]   Hemant : Got it Shai, going to skip this for a tension free weekend 🙂
[15:25]   Shai : yes safer
[15:26]   Shai : RK 🙂
[15:26]   Rameish : shaimy question?
[15:27]   Shai : BN just working on that revisist to the broken 18100 zone hence the call – http://screencast.com/t/GMcXu1mhC85
[15:27]   Shai : Yes Rameish you can wait
[15:27]   Shai : always bettter to wait and be safe on weekend than enter a new position
[15:28]   Rameish : thanx
[15:29]   RK : somebody taking longs for the weekend
[15:29]   RK : RM is not seen around 🙂
[15:30]   Hemant : Have a great weekend folks 🙂
[15:30]   r m : Thanks and bye folks, have a great weekend 🙂
[15:30]   Hemant : Ty Shai, brilliant as usual!
[15:30]   RK : thanks and bye all
[15:30]   Sudhakar : bye all happy weekend
[15:30]   Sharad : Bye all Happy weekend
[15:30]   Vishnu : choppy day at times. look forward to monday
[15:30]   Vishnu : happy weekend everyone. and thanks.
[15:31]   Porus : bye all
[15:31]   Shai : Bye all
[15:31]   Shai : wish all a happy weekend
[15:31]   Shai : see you Mon
[15:32]   Rameish : bye shai