OrderFlow charts and Notes 13/11

[08:55]   r m : Good Morning folks!
[08:56]   Porus : GM all
[08:59]   Shai : GM all
[09:00]   r m : http://vtrender.com/levels-and-plan-for-13th-nov/
[09:00]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-121114/
[09:07]   r m : NF Hypo1 If 8408 held in Open➜8444 SL 8399 Above 8448➜8492-95 SL 8425 Hypo2 Below 8399➜8371➜8357 SL 8419
[09:08]   r m : BNF Hypo1 Above 17666➜17740 SL 17601 Hypo2 Below 17599➜17520 SL 17670
[09:09]   Sharad : GM all
[09:19]   Sumit : gm everyone
[09:20]   Shai : Open within value and range
[09:21]   Shai : bracket high of 8408- 8416 is our early focus
[09:21]   Shai : A long as auction stays abv te bracket high t is positive for 8492
[09:21]   Sharad : shai can we buy BNF above 17707 VAH
[09:22]   Shai : 17740 will be res still
[09:22]   Sharad : ok
[09:22]   r m : may be better to sell near 17725-17740?
[09:23]   r m : or too dicey in the unknown territory?
[09:23]   Shai : No sell in that zone will not be good
[09:23]   r m : Thanks
[09:23]   Shai : sellers get an edge below 17666
[09:24]   Sharad : so trade between 17666 and 17740
[09:24]   Sharad : no
[09:24]   Shai : 17740 to 17780 extenion possible on intra but abv 17745
[09:26]   Shai : Opn is quite with no OTF
[09:26]   Shai : coould be a range bound day with a flat vwap in NF
[09:26]   Shai : Bank off today?
[09:27]   r m : IIP was above forecast and CPI below forecast yesterday
[09:28]   Sharad : data was really good but we ran up before that
[09:30]   r m : @Sharad, yeah, aftermarket announcement means that retail come to know after market 🙂
[09:30]   Sharad : so now retail buying and who bot earlier selling
[09:31]   r m : lol
[09:32]   Shai : vwap flattening out
[09:32]   Shai : looks like a 8408- 8448 kind of day
[09:44]   Shai : extra cups of coffee required today 🙂
[09:45]   Narendra : i am having one right now
[09:46]   Amit J : its daily now since last week.
[09:46]   Shai : 🙂
[09:48]   r m : I am feeling deprived, BP shot up due to winters no coffee now – have to survive on green tea 🙂
[09:51]   Shai : looks like major coffee spilled all over 🙂
[09:51]   Shai : 8383
[09:52]   Shai : entry into bracket
[09:52]   r m : both futures in hypo2
[09:55]   Anay : Sell signal on V2OF?
[09:56]   Shai : yes
[09:56]   Shai : back in bracket
[09:57]   Shai : sl of 8408 should tgt 8357 and 8312
[09:59]   Amit J : 8371 u mentioned yesterday as last week consolidation vwap
[09:59]   Shai : yes
[10:00]   Shai : now auction has the job of going abv bracket highs of 8408- 8416
[10:00]   Shai : It has not found willing buyers abv 8416 for 2 days + so just may look to see if sellers are interested below barcket lows
[10:01]   Shai : And suddenly the day got interesting again 🙂
[10:02]   Shai : watch 8300 Pe per that auctun theory
[10:02]   Shai : http://screencast.com/t/Cgt7FtTI
[10:02]   Shai : change since open chart abv
[10:10]   Porus : Charts stuck?
[10:11]   r m : yes
[10:12]   r m : got the jerk now 🙂
[10:12]   Shai : Action back in the bracket
[10:15]   r m : Hypo2 target met in BNF
[10:16]   Anay : @SHai who is your options data provider?
[10:16]   Anay : myfno?
[10:38]   Shai : Yes I take data off myfno
[10:40]   r m : looks like some serious buyers found at the lows
[10:40]   Shai : they have to take out vwap and breacket high
[10:41]   r m : ok
[10:41]   Shai : 8371 vwap of last week so last week’s buyers still around
[10:41]   Shai : The bear has to psuh it below 8370 not that he has taken contrl at 8416
[10:46]   Amit J : shai your view on cipla
[10:48]   Narendra : charts refreshing?
[10:48]   r m : no
[10:56]   Shai : now?
[10:57]   Narendra : fine
[10:57]   r m : refreshing
[11:08]   Shai : Thanks
[11:19]   Shai : scene of the crime was 8408
[11:20]   Shai : went to 8406 I think
[11:20]   Narendra : 8406.45
[11:20]   r m : yes
[11:21]   Shai : ok
[11:21]   Shai : 8413 is the anomaly
[11:22]   Shai : bear will be comfortable till it is below 8414
[11:26]   Shai : abv 8416 we get to day high again
[11:29]   Shai : 8300 pe is still dropping OI today- http://screencast.com/t/hEfCgpW422
[11:30]   Sharad : Shai in this purple is put and blue is call ?
[11:38]   Shai : yes call is blue
[11:38]   Shai : price/ OI/ Volumes and IV are the rows
[11:39]   Shai : 191 to 113- 50% drop off max delta
[11:41]   Shai : Btw guys just for information I took up the issue with esignal about the tick data in the last week of Oct
[11:41]   r m : Thanks
[11:41]   Shai : of course I did not get a good response from them and they as uual passed the buck
[11:41]   r m : 🙂
[11:42]   Shai : but it could have been due to the NSE experimentation in the last week with their servers
[11:42]   Shai : Thanksfully we are back now and everything should be alright
[12:22]   r m : BNF does Hypo2 a second time!
[12:45]   r m : buyers gather more energy beow vwap
[12:58]   Shai : 8414
[13:02]   Shai : that anomaly is now gone
[13:02]   Shai : Bears will lose the morning initiative if they do not act right away
[13:02]   Shai : (11:21) Shai :8413 is the anomaly
[13:26]   Shai : Big seller in BNF
[13:27]   r m : that 17599 in BNF is like a salmon jumping into Grizzly’s jaws 🙂
[13:28]   Shai : If BNf breaks 17496 then extemsion tgt is 17341/ 17300 again
[13:29]   Shai : Yesteday and day before OI was on the long side in BNF
[13:29]   Shai : This delta would mean that there has been a cu in long OI today
[13:31]   Janak : shai what does BXA and dlta indicate and how to use them for initiating trades?
[13:31]   Shai : OI at the close- http://screencast.com/t/ZJJtAAW55
[13:32]   Shai : 2 days back we were struggling at 17520
[13:32]   Shai : now it is a supp
[13:32]   r m : buyers exerting again, it is a see-saw here
[13:35]   Shai : Intra day BNF OI- http://screencast.com/t/4x8ea7vwi
[13:36]   Shai : Janak Bid v/s ask and delta is the diff between the 2
[13:36]   Shai : delta negative would mean sellers are more agreeive and placing market orders to sell
[13:36]   Janak : ok
[13:36]   Shai : Delta positive is buyers
[13:42]   Anay : Delta only reflects market orders right?
[13:44]   r m : yes, pink and green reflects limit orders
[13:47]   Shai : Yes Anay
[13:47]   Shai : Market and triggered on Market also
[13:48]   r m : @Shai, pink and green is only limit orders or uptick/downtick based?
[13:49]   Shai : PInk green is now having all orders coming is based on Bid ask + uptick/down tick
[13:50]   r m : ok, thanks
[13:51]   Shai : es is still winding up
[13:53]   Janak : overall delta -192 means sell-on-rise?
[13:54]   Shai : yesterday’s longs cashng out
[13:54]   Shai : delta is not in intra day time frame’
[13:59]   Shai : NF profile is still in IB
[13:59]   Shai : BNF too
[14:11]   Anay : test of demand below 8390 now?
[14:11]   Amit J : can we expect bigger move in last hr today
[14:29]   r m : 8370 needs to be broken for that
[14:29]   Shai : 8370 -8355 break will trigger some longs to move out
[14:34]   r m : vwap band not impressed in NF
[14:36]   Shai : all the earlier NF longs from 8370 escaoped
[14:36]   Shai : escaped*
[14:37]   Shai : -162 now
[14:38]   Janak : can retrace to 550?
[14:38]   Shai : NF ca come back to 8371/ 79
[14:38]   Shai : Janak 520
[14:38]   Janak : ok
[14:50]   Shai : 8325 spot supp below 8380 spot on closing basis
[14:50]   Shai : shrt trem res now built at 8395 and then the 8416F
[14:51]   Shai : should go to 8337/8312
[14:56]   Shai : puts reducing 8300- 8500 : http://screencast.com/t/oiFMol72ZG
[14:56]   Shai : Put writers feel that we topped at 8415 spot for short term ( 7- 12 days)
[14:57]   Shai : BN spot should do 17270 from here 17422
[14:58]   Shai : idea would be to buy 17200 pe and maintain a sl at 17651 spot
[15:01]   Chiranthan : buy pe near market close?
[15:01]   Shai : can buy closer to 17550 F
[15:01]   Chiranthan : ok
[15:08]   Shai : profile in BNF is more of a b shoiwng long liquidation
[15:22]   Shai : Now shorts in NF covered a bit
[15:23]   Shai : es at 2040 and stying up
[15:23]   r m : so far 8350 is turning up with buyers
[15:24]   Shai : typical of a seller in a bull run- they choose higher levels to short and stay quiet at lows
[15:25]   r m : that is how NF was going up every day with negative delta!
[15:26]   Shai : No R data during the rise was distorted
[15:26]   Shai : RM**
[15:26]   r m : ok
[15:27]   Shai : Nobody will own up but the fact is that period was also when NSE was testing new stuff on ther servers
[15:27]   Shai : the day NSE lets us have all the data as it comes tick by tick we are free birds
[15:28]   r m : yes
[15:28]   r m : I think they will need to spend a lot of money on upgrading their system for that
[15:28]   Shai : Oh they make amazing money
[15:29]   Shai : Now in the top 10 of the world
[15:29]   Shai : going easily to the top 5
[15:29]   r m : yeah, must be the main source of income for promoter PSU banks who distribute the money as free loans to folks like Vijay Mallya 🙂
[15:29]   Porus : The whole lot of them make money – SEBI, NSE, BSE
[15:30]   Shai : BNF below last wk highs
[15:30]   Shai : more shorts come tom below 17466
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : NF will get sellers on the next rise
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice eve
[15:30]   Chiranthan : bye
[15:30]   Porus : bye
[15:33]   Anay : bye all