OrderFlow charts and Notes 13/03/15

[08:52]   r m : Good Morning folks!
[08:52]   r m : http://vtrender.com/levels-and-plan-for-13th-march/
[08:52]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-1203/
[08:53]   r m : Nifty MAR Future levels Key Ref. Area 8815 UP Hypo1 above 8815➜8860➜8917 SL 8770 DOWN Hypo2 below 8770➜8732➜8668➜8616 SL 8815
[08:53]   r m : Banknifty MAR Future levels KRA 19220 DOWN Hypo1 below 19160➜19056➜18884 SL 19240 UP Hypo2 above 19240➜19372➜19492 SL 19196
[08:54]   Porus : GM RM and all
[08:54]   r m : SGX Nifty trading gap up +65 points
[08:54]   r m : Hi Porus
[08:58]   Sharad : GM all
[09:04]   Kris : Good Morning All 🙂
[09:05]   Navaneeth : GM ALL
[09:06]   Tejpreet : Gm All.
[09:06]   r m : Hi Kris 🙂
[09:08]   Kris : Hi RM 🙂
[09:09]   Shai : GM all
[09:11]   Navaneeth : Gm Shai bro
[09:13]   Sachith : GM all
[09:13]   RK : GM Shai.RM and all
[09:14]   r m : Hi RK
[09:15]   Shai : 8860 morning ref for open
[09:15]   Shai : 19492 BNF
[09:16]   r m : @RK, Congrats on Relcap 🙂
[09:16]   Shai : 8819/ 19359 supp in F
[09:18]   Shai : (09:18) Shai :we buy for 8920 only if 8860 shows green
[09:18]   RK : thanks RM..booked NF and BNF too 🙂
[09:19]   RK : holding 19240 and comfort close above 8790F tempted to carry longs 🙂
[09:20]   r m : wonderful man, now will have to join Kathir for that long pending raid on TN 🙂
[09:20]   RK : 🙂
[09:21]   Shai : For next week now the FA cross in BNF is positive
[09:22]   Shai : #) The BNF put in an FA at 19394 on 09/03. Day T+2.
[09:22]   Shai : prev selling : #) Big Volume aggressive Sellers seen at 19576 , 19496 and 19376 in the afternoon of 09/03.
[09:22]   RK : and NS as of not cleared 8846spot
[09:22]   Shai : yes 8846
[09:23]   RK : 19496 held the open and have to see what 19376 is doing when price reach there
[09:27]   Sachith : shai, maruti intraday long view
[09:27]   Shai : 8830 F supp
[09:30]   Shai : Matuti intra supp at 3661 but not looking good below 3690
[09:31]   Sachith : ok. thnx
[09:31]   Shai : has to cross 3690 quickly else will remain subsdued and close today right here
[09:36]   Varun : @shai wont that excess make it tough for mrkt to pierce thru
[09:36]   Varun : 8866-8920 ?
[09:43]   Shai : Yes Varun
[09:44]   Shai : But as we noted past 2 days the selling was dyig at the lows
[09:44]   Shai : dying*
[09:45]   Varun : hw do normally markets acts when in excess zone, cos if excess crossed we could be going for a big move
[09:45]   Shai : http://screencast.com/t/dM1rGPgOWj
[09:45]   Shai : True Varun – That pull back high was around 8860 F and 8830 here was where the second round of selling began
[09:46]   Shai : Hence mentioned to watch greens at 8860
[09:46]   Shai : See FP chart – 1st 15 mins no buyers
[09:47]   Varun : shld we play 80%(if) or gap too big
[09:48]   Shai : 80% can always be played
[09:48]   Shai : gap or no gap
[09:49]   Varun : cool 🙂
[09:49]   Shai : 8812 is vah
[09:50]   Shai : gap closed in NF also
[09:57]   Shai : this move at 8873 F today should have come yesterday
[09:57]   Shai : for sme weird reason the market locked down at 8814
[09:58]   Shai : sellers have come at the highs
[09:58]   r m : could have been due to data release expected after market hours
[09:58]   Shai : again another round of premium distortion in Ns/ NF
[09:58]   Shai : 28 now against 56 day before
[10:00]   Shai : one possibility s we trade now between 8816 and 8860 and close at 8830 today
[10:01]   Porus : Shai, can you update ST levels for Arvind? Started moving again.
[10:04]   Shai : Nice Move Porus- See 310 on this move is the price objective
[10:05]   Shai : short covering abv 310.5 to 320.7 is part 2
[10:06]   Porus : ok. Thanks.
[10:06]   r m : 80% in 8 seconds in NF!
[10:07]   Varun : 😉
[10:08]   r m : below PDL too!
[10:09]   Shai : the mkt has lost it
[10:10]   Varun : @shai wht abt these huge lakh lakh by=uyers
[10:10]   r m : could be shorts covering too
[10:10]   Varun : all played 80 %or what 😉
[10:11]   Shai : dip buyers
[10:11]   Shai : could be system programmed at pdl
[10:12]   Shai : 8786 is the huge seller
[10:15]   Shai : 8790 res now
[10:15]   Shai : NF open to 8720 again below 8790
[10:15]   Shai : 19240 res in BNF
[10:19]   Shai : gap up was at 8873 – 100 points off in 1 hour
[10:20]   Shai : NF is back in the 2 day bracket
[10:20]   Shai : so should test bracket lows again hence 8720
[10:22]   Varun : hve noticed many times, these escess dont cross in first attempt, normally third or 4th attempt
[10:23]   Varun : excess”
[10:23]   Porus : Shai, what are ST levels for IDEA?
[10:23]   Shai : yes
[10:25]   Shai : idea has had a fantastic run up- expect some profit booking
[10:25]   Shai : 164 is supp
[10:27]   Shai : 174 was the price objective of the move abv 156 and we have exceeed that
[10:27]   Porus : ok.
[10:27]   Shai : suggest a wait n watch here in idea than a new entry
[10:30]   r m : this 122 point IB in NF may give another (ab)Normal day!
[10:34]   r m : Seller at 8760 did not like my idea 🙂
[10:35]   Varun : rm just imagine we getting a fa in nifty 🙂
[10:35]   r m : lol
[10:35]   Varun : set up started
[10:36]   r m : real uphill task! like climbing Mount Everest from north side 🙂
[10:37]   Varun : rite now i cannot climb my first floor #market
[10:37]   r m : lol
[10:37]   r m : first floor vwap, second floor dpoc
[10:38]   r m : oops, the reverse
[10:38]   Varun : avove wvap it has a pvt jet
[10:38]   Varun : will fly
[10:38]   r m : mezzanine floor at PDH!
[11:01]   Shai : is price on screen correct?
[11:02]   r m : yes
[11:02]   Shai : thanks
[11:07]   Shai : Varun overhead seller is huge
[11:08]   Shai : price has to probe 8726 once
[11:08]   Varun : hmm
[11:08]   Varun : we were just having fun
[11:08]   Varun : buying only above vwao
[11:08]   Varun : vwap
[11:08]   Varun : 🙂
[11:08]   Shai : 8832 is scene of the crime- 8787 large seller just at the kra of yesterday
[11:09]   Varun : so first major hurdle to corss 8787
[11:09]   Varun : and it has huge slling prints over it
[11:09]   Varun : which wld be tough to cross
[11:14]   Shai : yes
[11:14]   Shai : below val also now
[11:15]   Shai : Break of IB is a short trade in NF with sl of dpoc+5
[11:15]   Shai : sell below 8750 tgt 8725 sl 8765
[11:16]   Sachith : shai… infy long view
[11:23]   Shai : infy see 2226 as res
[11:23]   Shai : But in my view there is no positional entry today
[11:23]   Shai : may stay here
[11:24]   Sachith : ok…thnx
[11:25]   Shai : 2254 is that seller who has to be taken out for positional longs
[11:25]   Shai : then buy abv 2255 with 2225 as sl for good r/r
[11:26]   Sachith : ok
[11:31]   r m : NF below 8725
[11:33]   Shai : 8716 bracket low
[11:33]   Shai : day is not over
[11:33]   r m : 🙂
[11:34]   Shai : Long liquidation can come in and tgt 8616 by close in F
[11:36]   Shai : Take an 8600 PE below 8710 F
[11:36]   Shai : or sell NF below 8710 now with sl of IB +5
[11:36]   Shai : tgt 8668/ 8616
[11:37]   RK : Shai BNF can ride till 18778F ?
[11:42]   Shai : yes RK
[11:43]   Shai : No upmoves till 8746/ 19086 are taken back
[11:43]   Shai : sell rises
[11:49]   Varun : any lower tgt for bnf @shai ?
[11:52]   Shai : 18778
[11:52]   Shai : F
[11:55]   Varun : thanks
[12:09]   Shai : that breaoken 8725 and IBL at 8752 now res
[12:09]   Shai : broken*
[12:10]   Shai : Trend is drive down from open
[12:10]   Shai : at prev swing support but sellers in control
[12:11]   Shai : there should be a pull back high between 12.30 and 1.30 which when it fails to take down vwap would mean a close at lows
[12:27]   Vivek : this pink green line is it a delta based line
[12:28]   Shai : yes
[12:32]   Shai : sellers have to think about coming back here
[12:32]   Shai : 8725- 35
[12:32]   Kathir : @RM DLF sebi announces final decision for some case?
[12:32]   Kathir : or any big news awaiting today?
[12:32]   RK : Shai you mean they will resume here
[12:33]   RK : as no buying efforts are made?
[12:33]   Shai : Yes RK trend down
[12:33]   Shai : close at lows is high probabaility
[12:34]   RK : one of a difficult day to switch stance quickly 🙂
[12:34]   Shai : sticking to 8668/ 8616 below 8768 F
[12:34]   RK : am talking aby myself..
[12:34]   RK : carrying long overnight and close it and sell it for some wide lower target 🙂
[12:35]   Kathir : @shai NTPC holding still..wait or exit..current view pls?
[12:35]   r m : @Kathir, will check about dlf
[12:37]   r m : NTPC record date is 23rd for debentures, since expiry is 25th, future do not include the debenture price
[12:37]   r m : *expiry is 26th
[12:37]   Kathir : ok
[12:38]   r m : @Kathir, appelate tribunal decision in DLF case today
[12:38]   RK : seems DLF got favorable verdict..pls check
[12:39]   r m : ok
[12:39]   Kathir : if it is negative news dlf may go down 10 % or more
[12:39]   Kathir : or positive then up also
[12:39]   Shai : Kathir NTPC price hasn;’t donw much since yday afternoon
[12:39]   Shai : this close is good in stock today and retest of 164 duw
[12:39]   Shai : due*
[12:39]   Kathir : ok thanks
[12:39]   Shai : RK good response at open
[12:40]   r m : blackstone group rumored to be buying 40%stake in DLF Gurgaon project
[12:40]   Shai : was an Open test drive which should have stopped at VAH but 80% rule came through
[12:40]   RK : 8846s was in mind Shai
[12:40]   RK : and also BNF that seller of 19496F
[12:41]   RK : and stick to hypo short simply as the triggers were way off from day high and they always work well
[12:42]   RK : and another factor is low range of last two days..had done a backtest on BNF
[12:42]   r m : @RK, hypo short must have been near cam shot level?
[12:43]   r m : *short level
[12:43]   RK : whenever we have around 1.5% rangee which is smaller for BNF, next day we will have prices go to two extremes..I mean the top/low made in first few hours will be never met
[12:44]   RK : we had around 1.6% range day before and just 0.85 % yesterday..so they gave a conviction of high is made and deep lows awaiting
[12:44]   r m : ok, thanks
[12:44]   RK : they are way above RM
[12:44]   r m : ok
[12:44]   RK : Cam short is around 19120
[12:45]   Shai : was an Open drive not OTD
[12:46]   RK : yes just printed the high and came down
[12:47]   r m : did not even print 19500 on my desi charts, they could lay hand only on 19450 🙂
[12:48]   Kathir : @RM see DLF.RK -2% to + 6%
[12:51]   r m : Amit missing today
[12:51]   RK : Yes Kathir..news
[12:52]   Kathir : RK was right it was positive news and got the reward 🙂
[12:53]   Kathir : @RM amit busy with passing bills 🙂
[12:53]   r m : RK is usually right (could be an insider) 😀
[12:53]   r m : lol
[12:53]   Kathir : yeah RK knows many broker friends 🙂
[12:54]   RK : RM picked that from twitter..am always outsider 🙂
[12:54]   Kathir : 🙂
[12:54]   r m : 🙂
[12:54]   Kathir : @RM RK is like maxwell..never waste time
[12:55]   RK : aha am on troll today 🙂
[12:55]   r m : Well, I know RK somewht but entirely ignorant about this maxwell chap 🙂
[12:56]   RK : Kathir it’s a habit of corporate..after working so long years there, it would be difficult to simply starring terminal. 🙂
[12:56]   r m : @RK, yeah, networking is the soul of management 🙂
[12:56]   RK : RM what you know is what I am and was always transparnet to you..don’t listen KAthir 🙂
[12:56]   r m : 🙂
[12:57]   Kathir : 🙂
[12:57]   Kathir : @RM i speak to RK regularly..so now you decide
[12:58]   r m : dilemma!
[12:59]   Kathir : 🙂
[12:59]   RK : 🙂
[13:00]   Kathir : @RM RK’s place is just two hours travell for me . have to meet on eday soon with RK’s big party
[13:00]   r m : have a good time and two extra shots on my behalf 🙂
[13:02]   Kathir : sure no problem 🙂 its now RK to decide when
[13:03]   r m : looks like NF wants to go to vwap for that trend day randezvous
[13:03]   r m : 🙂
[13:03]   RK : Sure RM 🙂
[13:03]   RK : Kathir anytime 🙂
[13:04]   RK : Yes buyers in last two candles
[13:06]   Shai : one small upmove may get more sellers interetsed
[13:06]   Shai : possible to IBL
[13:06]   RK : Shai HUL back to 945 levels..any volume backup to push it down below 945
[13:06]   r m : ok
[13:08]   Shai : No weekly candle takes hold now – can go back to 954/ 58
[13:09]   Shai : short below 943 next week- add if 940 breaks for 923
[13:09]   RK : thanks
[13:09]   Shai : sl 945
[13:09]   RK : got it
[13:11]   r m : @RK, going by your BN range theory, it should be good risk reward to take positions at first vwap cross with stop at day high low on such days
[13:16]   r m : nf could not attract new buyers, searching at the lows again
[13:17]   Shai : looks like 8739 is the pull back high
[13:17]   RK : ofcourse RM..that might work added to 80% rule
[13:17]   Shai : 8735*
[13:17]   r m : Thanks RK
[13:30]   RK : Hdfc in green
[13:31]   r m : europe also pale green!
[13:56]   Kathir : @shai for aggressive longs here NF what would be SL and trgt ?
[14:05]   Shai : longs don’t take till close
[14:05]   Shai : (11:36) Shai :or sell NF below 8710 now with sl of IB +5.(11:36) Shai :tgt 8668/ 8616
[14:11]   Vivek : @shai can u explain the reason behind 8668 & 8616
[14:12]   Vivek : why those specific point as tgts
[14:12]   Shai : Previous buy zones from Volume profile
[14:12]   Kathir : @shai ok thanks
[14:13]   Shai : One bounce to 8700 and then down again
[14:13]   Shai : Vivel we track it from the footprint
[14:13]   Shai : Like from today’s profile 8786 and 8830 become huge res in coming sessions
[14:14]   Shai : (10:12) Shai :8786 is the huge seller
[14:15]   Shai : 8690 and 18920 will keep the trend down now
[14:20]   RK : HDFC remains untouches..once they press it, fall could be more
[14:20]   RK : *untouched
[14:20]   RK : maybbe reserved for last hour
[14:20]   Shai : that can happen in last 45 mins when Fii’s come to take weekly stock
[14:21]   RK : yes
[14:21]   Shai : 8685 is the new huge seller
[14:25]   Varun : @shai any lower trgt for bnf ?
[14:27]   Shai : 18778 and 18608
[14:27]   Shai : auction can comtinue to lower tgts on Mon
[14:28]   Shai : This is a friday close and don’t rule out a rea-allignment here just for the weekly close
[14:29]   Varun : thanks
[14:33]   Vivek : @shai the huge ask vol at 8685 of 166875 is that the indication
[14:35]   Shai : Yes Vivek
[14:36]   Shai : At the close go by total volume traded and the net delta there to see which areas are controlled by whom
[14:37]   RK : still feel major long liquidation not happened
[14:37]   RK : considering the volumes pre and post budget sessions during upmore
[14:37]   RK : upmove
[14:38]   Shai : not yet
[14:38]   Shai : but have to look at today’s data closely as it is a moving profile
[14:39]   RK : ok
[14:39]   Shai : tighten stop to 8690 if short
[14:40]   Shai : sensing some thing big in last hour – up or down
[14:40]   Shai : (14:15) Shai :8690 and 18920 will keep the trend down now
[14:43]   Kathir : bnf above 18920
[14:46]   Kathir : @RM was that a trap
[14:47]   r m : it failed to trap me 🙂
[14:47]   Kathir : lol
[14:48]   Kathir : somebody’s buy triggered there .on top 7800 vol buy
[14:50]   r m : buy at top of a bar and sell at bottom could be random
[14:50]   Kathir : ok
[14:50]   r m : both green now
[14:55]   Kathir : @rm in 15 min fp pink dpoc line shows 8671 ?
[14:55]   RK : hdfc
[14:55]   RK : slowly coming off from 1340
[14:56]   r m : yes Kathir
[14:57]   r m : dpoc 8670 in MP chart
[14:57]   Kathir : ok got it small confusion
[15:00]   r m : NTPC unmoved by all the 9 pins falling around it!
[15:00]   Shai : NTPC has the dividend guys that’s why
[15:00]   r m : yes, record date 23rd
[15:01]   r m : that is it’s date with bears 🙂
[15:01]   Shai : NF / bnf both knocked at 8790/ 18920
[15:01]   Kathir : @shai can we expect some upmove in NTPC mon tue..got locked
[15:01]   Shai : 8690
[15:01]   Shai : Kathir 164 cross will be good, but it’s a postional pick
[15:02]   Shai : have to be patient in t
[15:03]   RK : stocks started breaking lows
[15:03]   Kathir : ok 🙂 one move to test 164 is ok for me..today high 161.3
[15:04]   Kathir : @rk hul low 940.7
[15:06]   RK : yes Kathir but was in longs in the morning and reversed to shorts
[15:06]   RK : Many stocks cleared weekly supports today
[15:06]   Kathir : ok
[15:06]   RK : it seems even the few which not cleared will do so in now in this 15 mins 🙂
[15:07]   r m : 🙂
[15:08]   r m : JJ’s stock scanner http://i.imgur.com/zXBtG07.png
[15:08]   r m : a sea of red
[15:10]   Shai : who is JJ?
[15:10]   RK : SUN tv always move in a weird way..breaking day high now 🙂
[15:10]   r m : inditrader’s
[15:11]   Shai : ok
[15:11]   Shai : 8654
[15:19]   Shai : stopped at 8652
[15:20]   Shai : Monday we may go up a bit but NF has to come down to 8616 and complete teh auction
[15:20]   Shai : sell higher on Monday than carry short here
[15:21]   Shai : upto 8715/ 8739 pull back high is a sell next week
[15:22]   Kathir : @shai any views on century – SL for longs now
[15:23]   r m : shorts not staying for the weekend!
[15:23]   Vishal : amit unitech 22.5 call trade still active?
[15:23]   Shai : century 568 supp
[15:24]   Shai : Vishal I think he was execting news on the weekend
[15:24]   Vishal : okie
[15:24]   Vivek : ok thanks
[15:25]   Shai : Kathir century did 605 – should have offloaded some
[15:26]   Kathir : ok shai -asked to take new position only
[15:27]   Varun : @shai the dpoc dropped in bnf
[15:27]   Varun : any ref to it
[15:27]   Varun : accepting lower rates ?
[15:27]   Shai : yes
[15:28]   Shai : auction on Mon imp
[15:28]   Varun : like wht indicators
[15:28]   Varun : ?
[15:28]   Varun : if it closes abv dpoc
[15:28]   Varun : is it end for bearish ?
[15:28]   Shai : 19030 saw some sellers and will be first res line
[15:28]   Shai : No
[15:28]   Varun : k thnks
[15:29]   Shai : Trend day
[15:29]   Shai : auction of a trend day gen compltes next day or two
[15:29]   Varun : ok
[15:29]   Shai : there will be a rise which is gen sold off
[15:29]   Shai : 90%
[15:30]   Shai : bears will love another gap up 🙂
[15:30]   Shai : Climb down below vah was fierce today
[15:30]   r m : they will probably bribe Congress to pass land bill too 🙂
[15:30]   RK : :)..thanks and bye all
[15:30]   Shai : Have seen it on news days like rate cuts but rarely like this
[15:31]   Shai : Bye all
[15:31]   Tejpreet : Bye all
[15:31]   Shai : Have a nice evening
[15:31]   r m : Thanks and bye folks, have a great weekend 🙂
[15:31]   Porus : bye all. Have a great weekend.
[15:31]   Shai : catch up mon
[15:31]   Kathir : Thanks and bye all have a nice weekend 🙂
[15:31]   Sachith : bye all… happy weekend