OrderFlow charts and Notes 08/10/14

[08:49]   r m : Good Morning folks!
[08:50]   Porus : GM
[09:00]   Manik : GM rm , porus
[09:00]   r m : Hi Porus, Manik
[09:02]   Clay : Gm
[09:02]   Sharad : GM all
[09:11]   Kathir : Good morning RM mani clay sharad and all friends
[09:11]   Kathir : 🙂
[09:11]   r m : Hi Kathir 🙂
[09:11]   Kathir : special hi to captain RM
[09:12]   r m : 😀
[09:22]   r m : BNF back in value with positive delta, may go to 15345 above 15295, Hypo 1
[09:23]   r m : oops Hypo 2
[09:27]   r m : http://vtrender.com/levels-and-plan-for-08th-oct/
[09:28]   Sumit : gm everyone
[09:28]   r m : Hi
[09:28]   r m : Hi Sumit
[09:29]   Kathir : hi sumit
[09:29]   Sumit : hi rm, Kathir
[09:37]   r m : http://tinyurl.com/smallOF Pink green data updated
[09:40]   r m : NF delta gone back to negative
[09:48]   r m : Hypo 2 first target 15345 done
[09:54]   Sumit : thanks rm
[09:55]   r m : welcome 🙂
[09:55]   Ravi : hi rm
[09:55]   r m : Hi Ravi
[09:56]   Ravi : whats the 24×28, 44×43
[09:56]   Ravi : in right corner
[09:56]   Ravi : its changing
[09:56]   r m : ask and bids
[09:56]   r m : the difference is delta
[09:59]   r m : yesterday BNF was a balanced profile, today price tested below PDL found buyers, came back in value and did a quick 80% – this is one of the most profitable 80% trade setup
[10:20]   r m : BNF near second target 15400
[10:23]   r m : 15400 done
[11:34]   Sumit : rm, bnf algo at 15425 is likely a seller? prices have stayed below it
[11:35]   r m : possible, though the delta bar associated with that algo is blue
[11:35]   Sumit : ya could be either way
[11:36]   r m : I think a big market sell order absorbs all buy orders above and below, that may make even a seller causing blue delta
[11:37]   Sumit : yes possible. thanks
[11:40]   r m : minimum delta in both
[12:32]   r m : 10th OCT – Infy results, 17:30 IIP numbers, 13th OCT 17:30 CPI (YoY), 14th OCT 12:00 WPI
[12:33]   r m : datafestival 🙂
[12:58]   r m : 15425 seller being tested again!
[13:01]   Sumit : carry no position on 10th Oct 🙂
[13:02]   r m : 🙂
[13:02]   Sumit : how can m/c trading go wrong – 15425
[13:02]   r m : lol
[13:03]   r m : at 15425 delta reached minimum again!
[13:04]   Sharad : lowest delta highest price
[13:04]   r m : yeah
[13:04]   Sharad : so sell below vwap?
[13:04]   r m : shorts piling up at the top
[13:05]   r m : last time we got buyers at vwap
[13:05]   Sharad : or sell below dpoc
[13:06]   r m : delta is not able to overcome the limit buyers it seems
[13:06]   r m : or maybe only intraday players here
[13:06]   Sharad : ya may be
[13:07]   r m : if seller at 425 is taken out then 480 should be next target
[13:07]   Sharad : ok
[13:07]   Sharad : Thanks
[13:08]   r m : welcome
[13:10]   r m : BF pushing at the ceiling! http://screencast.com/t/1HgnatTY5
[13:14]   r m : shorts gaining traction
[13:16]   Shai : GA all
[13:16]   Manik : hiiiiiiiiiiiiii
[13:16]   r m : GA Shai
[13:17]   Porus : hi
[13:17]   Clay : GA Shai
[13:17]   Shai : NF very rotational today?
[13:17]   r m : yes
[13:17]   Shai : imabalance to balance today
[13:17]   Sharad : GA Shai
[13:17]   Sumit : hi Shai
[13:19]   Kathir : Hi shai
[13:19]   Shai : Hi guys- hope you all are having a good trading day
[13:20]   Manik : oh yes
[13:20]   Shai : More likely a close at vwap/ dpoc in NF today
[13:20]   Shai : both togther so market trying to build value here
[13:21]   Shai : Orderflow is not very strong so buyers are not coming in agressively yet
[13:21]   Shai : 7910 of hypo1 a ref point for the shorts of yesterday
[13:22]   Shai : a close below 7884 may trigger more downside towards 7796 F by friday
[13:22]   r m : could buy 7800PE in that case?
[13:23]   Shai : yes
[13:23]   r m : Thanks
[13:23]   Shai : sl of 7910F in that case
[13:23]   r m : ok
[13:24]   Shai : yesterdaythere were no big sellers just buyers who liquidated
[13:24]   Shai : http://vtrender.com/wp-content/uploads/2014/10/NF_vol_at_price_12.png
[13:24]   Shai : track the column on the right side
[13:25]   Shai : early buyers giving up and closing below 7936
[13:26]   Shai : so if auction above 7910 gets accepted above 7936 then only 8057 next week
[13:26]   r m : ok
[13:26]   Shai : else 7796 on this delta
[13:27]   r m : there is that virgin weekly POC of spot at 7743 waiting since August 🙂
[13:28]   Shai : ok
[13:28]   Shai : was that profile a balanced profile ?
[13:29]   r m : I don’t think so
[13:29]   r m : price was trending up at that time
[13:29]   Shai : ok
[13:30]   Kathir : @shai usd/nr levels from here
[13:31]   Shai : Kathir I don’t have usdinr charts today
[13:31]   Kathir : ok ok
[13:34]   Shai : sorry to disappoint
[13:34]   Shai : BNF has seen a seller at 15420- 15440
[13:34]   Shai : alst week
[13:34]   Chiranthan : 7800 pe can be bought near close?
[13:35]   Shai : Prefer to buy it if we look to close beow 7884 today
[13:35]   Shai : or tomorrow if it breaks
[13:35]   Chiranthan : ok
[13:37]   Shai : 7900 strike- http://screencast.com/t/ZET7Qce3svwF
[13:38]   Shai : technically we were set for a bounce at the close yesterday
[13:38]   Shai : but somehow yesterday’s ealy buyers above 7940 are not stepping up today
[13:38]   Kathir : @shai no problems
[13:38]   r m : I think DAX spoiled the game yesterday
[13:40]   Kathir : @rm did bnf traded the low 180 today?
[13:41]   r m : 219 captured by poor man’s esignal 🙂
[13:41]   Shai : Ok Guys- enjoy your day
[13:41]   Shai : I’ll be back in the room full time Mon
[13:41]   Shai : Bye
[13:41]   r m : Thanks Shai, have a great time 🙂
[13:41]   r m : Bye
[13:41]   Kathir : thanks and bye shai
[13:41]   Shai : thanks RM
[13:42]   Porus : bye, see you
[13:42]   Shai : thanks
[13:42]   Chiranthan : Bye
[13:42]   Clay : bye Shai and thanks
[13:42]   r m : buyers in BNF are not influenced by delta!
[13:45]   Kathir : @RM you mean only 219 was tated bnf
[13:46]   Kathir : 15219?
[13:46]   Kathir : traded
[13:46]   r m : @Kathir, yes, checking on ODIN though, may get a tick there, my caputre software is not too efficient 🙂
[13:46]   Kathir : oh ok 🙂
[13:50]   r m : @Kathir, 15180.50 was the opening tick with 125 volume
[13:52]   Kathir : ok thanks ge
[13:52]   r m : welcome
[13:58]   Manik : @rm will sellers dominate below vwap in BNF?
[14:00]   r m : yes, below vwap and VAH
[14:01]   r m : dval and VAH are at the same place, may get some support there
[14:02]   Manik : ok.tthanks
[14:02]   r m : welcome
[14:14]   Kathir : @rm please confirm sbi spot low traded or not
[14:15]   r m : sure
[14:20]   r m : @Kathir, 7959 volume at 2346.05
[14:21]   Kathir : ok ge thanks
[14:23]   Sumit : volatility… any news?
[14:27]   r m : it is global
[14:28]   Sumit : ok thanks
[14:42]   Kathir : tomorrow if nf goes to 7790 the price of 7800 pe will be around 107
[14:46]   r m : BNF has got a bee in it’s bonnet 🙂
[14:48]   Sharad : NF delta in +
[14:48]   r m : infy on one side and everything else balancing it!
[14:49]   Sharad : almost all software down 4 to 6 %
[14:49]   r m : ok
[14:49]   r m : CNXIT ke “achhe din” khatam 😀
[14:49]   Sharad : true
[14:49]   Kathir : elephant on one side and ants trying to balance
[14:49]   Sharad : top made
[14:50]   Kathir : may be somebody knows the infy result 🙂
[14:50]   Sharad : CNXIT 6% down from top of yesterday
[14:50]   r m : infy was downgraded by some brokerage
[14:51]   Kathir : ok
[14:51]   r m : citigroup has downgraded it
[14:51]   r m : http://tinyurl.com/mozxqvy
[14:52]   Sharad : BNF 15425 again
[14:52]   r m : poor seller there 🙂
[14:52]   Sharad : will cross now
[14:54]   Sharad : high of today crossed
[14:59]   r m : (13:26) Shai :so if auction above 7910 gets accepted above 7936 then only 8057 next week
[15:16]   Narendra : 13:20 Shai : More likely a close at vwap/ dpoc in NF today
[15:17]   r m : yep
[15:30]   Sumit : good bye everyone
[15:30]   Chiranthan : Bye all
[15:32]   Kathir : thanks and bye all
[15:34]   r m : Thanks and bye folks, have a great evening 🙂