OrderFlow charts and Notes 10/09/14

[08:58]   r m : Good Morning folks!
[09:00]   Sharad : Good Morning
[09:04]   Kathir : Good Morning RM Ge Sharad 🙂
[09:04]   Shai : GM all
[09:04]   Shai : http://vtrender.com/levels-and-plan-for-10th-sept/
[09:04]   Kathir : @RM wow what a morning for me 🙂
[09:05]   Kathir : GM Shai
[09:05]   r m : Hi Kathir :
[09:05]   r m : 🙂
[09:05]   Kathir : @Shai Thanks for the usd/inr info.
[09:07]   Shai : 🙂 MW
[09:09]   Shai : sgx is projecting a gap down at the lower end of Monday
[09:10]   Shai : there are trapped buyers between 8160- 8185 of yesterday and 8152- 8165 of monday
[09:10]   Shai : their reaction holds the key to the open IB
[09:12]   Sharad : Now we can say definately USDINR is always ahead in trend
[09:16]   Shai : oh yes currencies lead always
[09:16]   Kathir : @Sharad thanks for the usd/inr info from you yest 🙂
[09:16]   Shai : Buyers at open
[09:17]   Sharad : welcome
[09:17]   Shai : BNf not breaking down yet
[09:17]   Kathir : @Shai buy bnf as per hypo now?
[09:17]   Shai : overnight shorts if any part book here at 8139
[09:18]   Shai : tgt of the move is atill 8110- 8106 but we may come to test 8160 once
[09:18]   Shai : Yes Kathir
[09:18]   Kathir : ok
[09:19]   Kathir : @RM part booked 8100 pe now
[09:22]   r m : Congrats!
[09:22]   r m : double congrats actually, USDINR61CE and 8100PE 🙂
[09:25]   Sumit : gm Shai, rm, Kathir, Sharad
[09:26]   Kathir : @RM ge thanks 🙂
[09:26]   r m : Hi Sumit
[09:26]   Kathir : Hi Sumit
[09:27]   Shai : looks more of an OAOR open in NF- the initial buyers are not coming back
[09:27]   Sharad : GM Kathir
[09:29]   Sharad : Rcom 115
[09:30]   Kathir : yes shard i missed it yest didnot notice the lows yest 🙁
[09:30]   Sharad : ohhh
[09:30]   Kathir : shai told supp rcom spot is 109.70 and yest low was 110.1
[09:31]   Kathir : and cipla too
[09:31]   Sharad : That is why i always keep reverse SL to initiate buy or sell at our desired price
[09:31]   Kathir : thats good have to follow
[09:33]   Sumit : Shai, for today bias now is more negative or move up posible
[09:34]   Shai : Sumit more likely a 8110- 8160 kind of day
[09:34]   Sumit : ok thanks
[09:35]   Sumit : and in short term we may be breaking off from month rise trend?
[09:35]   Shai : more likely an extended sideways mode
[09:35]   Sumit : ok
[09:36]   Sumit : thanks Shai
[09:38]   Shai : No aggressive selling at the open yet
[09:40]   Shai : /ES also at the imp 1983- 1986 support band
[09:40]   Shai : either buyers respond and take it to the 2033 target or can dop to 1947/ 1933 from here
[09:42]   Anay : ES?
[09:43]   Shai : spx futures
[09:43]   Anay : ok
[09:43]   Shai : NF settling into an OAOR
[09:44]   Shai : that means only scalping opportunities for next few hours
[09:44]   Shai : BNF can do that 80% trade
[09:45]   Shai : 16173- 16225
[09:46]   Sumit : nf vwap band is very close and contracting
[09:47]   Shai : yes
[09:49]   Kathir : huge blue in NF
[09:55]   Mandar : Gm all. Shai , can you pls check Easun reyrolle MP.
[09:59]   r m : Hi Mandar
[10:00]   Anay : GM Mandar
[10:00]   Mandar : Hi Rm, Kathir, Anay.
[10:03]   Mandar : hey Anay nice too see you here 🙂
[10:04]   Kathir : Hi mandar
[10:12]   Anay : @Shai ITC looks good for swing long…
[10:12]   Anay : can u check MP
[10:12]   Shai : sure
[10:19]   Shai : Easun short term objective was 74 this week – may have been taken by a stray hit
[10:19]   Shai : If current day low holds miuns a few that it can run up to 74 and 77.4 next week again
[10:20]   Mandar : thanks Shai.
[10:20]   Shai : however if 69.2 btreaks then 65.8 comes easily
[10:21]   Mandar : ok
[10:24]   Shai : easun- http://screencast.com/t/PbdWHPEQ5FD
[10:25]   Shai : ITC not doing welll by coming below 355.1 – vah weekly is 352.7 and a must hold support
[10:25]   Mandar : thanks shai.
[10:26]   Shai : see support at 350.7- 351.5 and then 347.1 is the big one in ITC
[10:27]   Anay : ok thanks
[10:27]   Shai : Prefer to buy ITC over 355.2 if initiating or wait to see if support holds at weekly vah
[10:27]   Anay : ok
[10:29]   Mandar : Shai , is it possible to check MP of Easun from 2009 on wards at your leisure.
[10:29]   Shai : ITC- http://screencast.com/t/aunQdMA1i9
[10:30]   Shai : Sure Mandar- but that would be on daily profiles
[10:30]   Mandar : ok.
[10:30]   Shai : 1 minurte data is only past 500 days with esigna;
[10:30]   Shai : esignal
[10:30]   Mandar : ok
[10:31]   Shai : any idea how much backfill 1 minute data GDFL gives?
[10:31]   Anay : 60 days
[10:31]   Anay : but I have 1 min data since 2011
[10:31]   Shai : even for cash stocks?
[10:32]   Anay : nope…only FnO
[10:32]   Anay : they had started providing cash data…but stopped due to lack of demand
[10:34]   Shai : ok
[10:37]   Shai : Yearly- Easun- http://screencast.com/t/hNgTvqBqquF
[10:37]   Shai : 1st obj of the consolidation of 2012 and 2013 was 105 and it hit 99 I think
[10:37]   Mandar : yes
[10:38]   Shai : monthly- http://screencast.com/t/QLmay37s4L7J
[10:39]   Shai : FEB , M and April is the value area and aug and sept we have come down to touch it at 65 therabouts
[10:40]   Shai : if we penetrate then we go to march lows aroun 57-58
[10:40]   Mandar : something cooking . mgmt has increased stake from last quarter
[10:40]   Shai : however does look like may lows and feb lows will hold
[10:41]   Shai : something happened in june july
[10:41]   Mandar : buy with stop of 30 for tgt 200 ?
[10:41]   Mandar : yes
[10:41]   Shai : there is excess there on charts
[10:41]   Mandar : power related infra story
[10:41]   Shai : ok
[10:42]   Shai : abv 77 will challenge 99 again
[10:42]   Mandar : yes
[10:42]   Mandar : also turnaround case in making
[10:43]   Shai : tgts 105/ 139 max 169 from here on upsides based on current data
[10:43]   Mandar : ok
[10:43]   Mandar : that is good enough:-)
[10:43]   Shai : ok- if they come around and re rate it then your tgts will come
[10:44]   Mandar : mf holding 22%
[10:44]   Shai : ok
[11:04]   Kathir : @RM how to convert the MIS to NRML?
[11:06]   r m : in admin position, choose ‘Detail’ and ‘NetWise’
[11:06]   r m : then select the scrip and click on ‘Position Conv’ button
[11:07]   Shai : 1 hr20 minutes done- (09:44) Shai :that means only scalping opportunities for next few hours
[11:08]   r m : @Kathir, sorry, ‘Detail’ and “DayWise’
[11:17]   Kathir : @RM thanks ge
[11:17]   r m : welcome
[11:24]   r m : When VIX goes sub-13, day traders should proceed on annual vacation 🙂
[11:24]   r m : http://screencast.com/t/agzOGJ9k1X
[11:28]   Shai : Nice chart RM
[11:28]   Shai : Bounce is on in Vix- 13.6 next
[11:28]   r m : Thanks!
[11:28]   r m : ok
[11:29]   Shai : selling bars came at 8139
[11:29]   Shai : they will be happy with 8129!
[11:29]   r m : not very ambitious folks these sellers!
[11:31]   Shai : NF has hit 200 points above last series close with no rise in OI
[11:32]   Shai : BNF has still good longs in this series
[11:32]   Shai : avreage BNF play is about 1200 points in a series
[11:32]   Shai : we have done 500 so far
[11:37]   Shai : based on the strength in the BNF and the fact that the buyers of yesterday are not liquidating we see 8165/ 8175 from here before 8110
[11:39]   Anay : ok
[11:46]   Kathir : @Shai your level of 61.10 usd achieved comfortably..what are the next levels..i mean supp and res from here
[11:46]   Kathir : short term
[11:50]   Shai : 61.47
[11:50]   Shai : close abv 61.07 will make that come faster
[11:51]   Kathir : ok supp from here ?
[11:52]   Shai : 60.89
[11:52]   Kathir : ok thanks
[11:52]   Shai : watch today’s open price actually- if it holds we close at highs
[11:53]   Kathir : ok
[11:53]   Kathir : yes shai the low came to open price and reversed
[11:54]   Kathir : i am late 🙂
[11:54]   Shai : May not move much from here
[11:55]   Shai : expected to remain fallttish now till IIP data out on friday
[11:55]   Shai : and then if you are still trading moves will take into account RBI on 30th
[11:55]   Shai : 60.80- 61.40 a rough range if IIP meets expecations
[11:56]   Shai : *flattish
[11:57]   Kathir : ok
[12:10]   Mandar : NIFTY down but A D is 922:551
[12:22]   Shai : midcaps are +
[12:23]   Mandar : yes
[12:42]   Shai : pressure rising on the buyers to come and assert
[12:42]   Kathir : @RM?
[12:42]   Kathir : they cant sleep more 🙂
[12:42]   r m : yep?
[12:42]   r m : lol
[12:42]   Shai : Spot has to close abv 8120 today else down to 8077 spot tom
[12:43]   Kathir : is the high of bnf traded today
[12:43]   r m : will check, captured high is only 16173
[12:49]   Shai : ITc slipped to 350.7 and rising now
[12:50]   r m : @Kathir, 16207 not seen on ODIN charts
[12:50]   Kathir : ITC spot levels?
[12:50]   Shai : yes
[12:50]   Kathir : ok shai
[12:50]   Kathir : @RM ok thanks..even nf high is not visible
[12:52]   r m : yes, 8149 is the max seen for NF
[12:53]   Kathir : ok ge..usd/inr high again
[13:01]   Shai : 8124 was the high of the afternoon pullback in NF on friday and it traded 8151-8197 majorly on monday even though low was 8137 on mon
[13:01]   Shai : NF just caught between that late friday and mon auctions in this OAOR
[13:03]   Anay : OAOR means?
[13:03]   Anay : sorry for beginner level Qs
[13:03]   Anay : 🙂
[13:04]   Shai : open auction out of range
[13:04]   Anay : ok
[13:06]   Anay : Thanks
[13:06]   Shai : This will bring you up to speed- http://vtrender.com/glossary/
[13:06]   Shai : welcome
[13:07]   Anay : cool
[13:10]   Shai : @all , There is a collection of docs in the document folders in your bottom right. Please go through them
[13:10]   Anay : Sure
[13:11]   Chiranthan : Yiur view on krbl?
[13:14]   Shai : Krbl upside looks capped at 102.4 to 104 max
[13:14]   Shai : support will come near 93.2
[13:15]   Shai : has run up well this week
[13:15]   Chiranthan : ok
[13:16]   Shai : day high to day low in NF
[13:20]   Anay : buyers in BNF at lows
[13:21]   Anay : can u post a 10 min OF chart of NF and BNF?
[13:21]   Shai : sure
[13:28]   Shai : Buyers responding from 8126 now
[13:29]   Shai : Keep a NF buy order abv 8134 for 8149/ 8162 with sl of 8124- trade less qty
[13:32]   Anay : 10 mie n charts not visibl
[13:33]   Anay : *10 min
[13:34]   r m : @Anay, you mean scale too small or unable to open?
[13:39]   Anay : unable to open
[13:39]   r m : https://www.dropbox.com/s/58w15brk2qh1f29/sept_nf%201.png?dl=0
[13:39]   r m : https://www.dropbox.com/s/p58tkqbuweq3eqc/sept_bnf%201.png?dl=0
[13:40]   r m : see if able to open now
[13:40]   Anay : Thanks 🙂
[13:40]   Anay : now visible
[13:40]   r m : welcome
[13:46]   Shai : Cancle the Buy limit order at 8134
[13:47]   Shai : NF way beyond the vwap band
[13:48]   Shai : Those links for intra day and previous day would remain the same
[13:48]   Shai : they are in documents folder
[13:48]   r m : ok
[13:48]   Shai : Try opening them as a separate tab as Omnovia takes it’s own sweet time
[13:49]   Anay : ok thanks
[13:49]   Sharad : USDINR 61.25
[13:49]   r m : it travels all the way from USA under the shark infested oceans 🙂
[13:50]   Shai : lol
[13:50]   Anay : @Shai wud it be possible for you to update those 10 min charts every hour or so?
[13:50]   Anay : or near day high/lows?
[13:52]   Shai : sure will do
[13:52]   Shai : BNf holding 16100
[13:53]   Amit J : mandar which stock you were talking in morning
[13:56]   Shai : got 60% buy volumes at lows
[13:56]   Shai : has to enter IB for thiose buyers to be safe
[13:56]   Anay : ok
[14:02]   Shai : If Nf gets rejected now between 8125- 8140 then we are headed back to 8080 and failure there can even bring 8020 F by friday
[14:02]   Shai : OTOH if we close abvove 8140 today through a smart pullback now then we buy 8200 CE’s
[14:03]   Shai : broadly 8140 ref line low
[14:04]   Anay : ok
[14:04]   Shai : highest tick volume of the day came at that recent lows
[14:05]   Shai : on a bigger scale if tracking spot 8066 and up still keeps the auction pointing upwards
[14:06]   Shai : failure at 8066 spot can mean 7982 spot
[14:06]   Shai : that’s in line with the OrderFlow case at 8080 F
[14:08]   Anay : ok
[14:11]   Shai : attempts being made to absorb the selling but not succeeding
[14:13]   Mandar : @Amit sorry was away from terminal. it was Easun rayrolle
[14:14]   Amit J : thks
[14:16]   Shai : 8106 breaks then we fall to 8080
[14:16]   Sharad : covered NF @ 8107 … as per Shai yestreday sold @ 8175
[14:16]   Shai : pressure kept below the 3SD line
[14:17]   Shai : not a place for new shorts
[14:17]   Shai : but buyers not comfortable yet
[14:17]   Shai : Good trade Sharad 🙂 Credit always to the trader not the view giver
[14:18]   Sharad : it was your conviction and USDINR
[14:18]   Sharad : i always see USD for bigger trend of NF
[14:18]   Shai : yes there was excess yesterday at 8195
[14:19]   Shai : View is still down and move to 8140 will be used to cover longs I think now
[14:19]   r m : Congrats Sharad!
[14:20]   Sharad : your target of 8105 came and kept order @ 8107 filled
[14:20]   Sharad : i was sure because of Shai and USD
[14:21]   Kathir : good trade sharad
[14:21]   Shai : yes 8105 is last week’s vwap and had mixed control by buyers and sellers and hence important
[14:21]   Sharad : still holding Rcom …112 right now
[14:21]   Shai : 8123
[14:22]   Shai : 8126 IB low
[14:22]   r m : BNF going back to val
[14:22]   Sharad : will sell @ 122 not before that stop 109
[14:25]   Shai : little bit of green coming in NF
[14:26]   Amit J : Mandar looks good co. recent order flow from australia can turnaround the company. i will study in detail and get back to you.
[14:27]   Shai : 8140 imp now for the rest of this week
[14:28]   Shai : good bounce from 8107 and orderflow buyers heaving a sigh of relief
[14:28]   Shai : theyb have to hold above 8140
[14:29]   Mandar : @Amit sure. 🙂
[14:30]   Sumit : bnf on fire 🙂
[14:30]   Shai : just did 80%
[14:31]   r m : yeah, arsonist is Value Area 🙂
[14:31]   Sumit : that was first trip to 80%
[14:31]   Shai : yes
[14:38]   Shai : chart shows the agressive buying as NF dropped lower
[14:40]   Shai : BNf has sellers abv 16225
[14:42]   Mandar : Shai , SSLT 290 call looks good. your view pls.
[14:45]   Shai : I dont have the option chart but cash volumes are not increasing for a good breakout
[14:45]   Mandar : ok
[14:46]   Shai : at upper end of range with volumes still in the same avg
[14:46]   Mandar : ok
[14:46]   Shai : if 284.1 does not hold it will travel back to 280.9
[14:47]   Mandar : ok
[14:48]   Shai : remember NF has to close 8140 plus today
[14:56]   Shai : that little bit of pink we see in the pane could be some longs letting go
[14:57]   Shai : still watching for confirmations- (14:19) Shai :View is still down and move to 8140 will be used to cover longs I think now
[14:58]   Shai : same in BNF – no buying abv vah seen
[15:00]   Kathir : @shai is there any intra day supp now for usd/inr?
[15:01]   Shai : 61.08
[15:01]   Kathir : ok thanks
[15:01]   Shai : try not to be a heavy trader closer to 61.40
[15:01]   Shai : RBI can step in anytime there
[15:02]   Kathir : ok shai
[15:02]   Sumit : Shai, if price bar go outside of VWAP band, do they hv to come inside or can stay our for long
[15:03]   Sumit : *out
[15:03]   Shai : in 95% cases it will come back inside unless you are tarding a news based move like RBi etc
[15:03]   Shai : *trading
[15:03]   Sumit : ok thanks
[15:04]   Kathir : ok
[15:04]   Shai : when it goes outside the vwap bands it tells us that there is no volume supporting that move out
[15:04]   Shai : if volume is there then vwap band will expand
[15:04]   Sumit : ok
[15:05]   Shai : always safer to book position when out side
[15:05]   Sumit : these bands are good for profit booking 🙂
[15:05]   Shai : yes
[15:05]   Sumit : thanks
[15:05]   Shai : welcome 🙂
[15:05]   Chiranthan : View on canbank?
[15:10]   Shai : taht move in canbk came in last 40 mins?
[15:11]   Chiranthan : yes
[15:13]   Shai : some news flow is there – big change in OI
[15:13]   Shai : price wise more likely to test 397.8 again
[15:13]   Shai : that vol is huge and I would suggest don’t rush into a position
[15:14]   Chiranthan : can enter longs at 397?
[15:14]   Shai : yes 412 possible if 397 holds cash
[15:14]   Chiranthan : ok thanks
[15:16]   Shai : mw 🙂
[15:17]   Shai : Not headed for a good close
[15:17]   Shai : buyers from 8120 minus not pushing abv 8140 today for some reason
[15:18]   r m : RBI decides to allow banks to declare entire business group as willful defaulters even if one firm in the group defaults on loans
[15:18]   Shai : but BNF has stayed strong
[15:18]   r m : ab Mallya ke bure din aa gaye
[15:18]   Shai : yes that’s from easrly morning right?
[15:19]   r m : yes, just read on first post
[15:19]   r m : even the guarantors will be defaulters now and hence won’t be able to sit on other boards
[15:20]   r m : http://tinyurl.com/q6glbsu
[15:21]   r m : looks like BNF’s retirement days are over?
[15:23]   Kathir : nf trying its best to go with shai
[15:23]   r m : yeah, finger’s poised over buy button for 8200CE 🙂
[15:24]   Shai : No keep it for open tom
[15:24]   r m : ok, thanks
[15:24]   Shai : that move is a big one to 8228/ 8256 so we can afford to lose 20
[15:24]   Shai : even 8160 is good
[15:25]   Shai : usdinr has come off a bit too
[15:28]   Sharad : bye all
[15:29]   Shai : Bye Sharad
[15:29]   r m : Bye Sharad
[15:29]   Shai : BNf pushing at the close
[15:30]   Shai : NF also finishibg with strong buying emphasis
[15:30]   Shai : but just below 8140
[15:30]   Sumit : good bye everyone
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Mandar : bye all.
[15:30]   Shai : Bye all
[15:30]   Kathir : Thanks and bye all 🙂
[15:30]   Shai : Have a nice eve