OrderFlow charts and Notes 14/05

[08:43]   r m : Good Morning folks!
[08:43]   r m : http://vtrender.com/levels-and-plan-for-14th-may/
[08:43]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-130515/
[08:44]   r m : Nifty MAY Future levels| Key Reference Area 8222| Hypo1 above 8222➜8290➜8316 SL 8193| Hypo2 below 8193➜8131➜8092 SL 8227
[08:44]   r m : Banknifty MAY Future levels| KRA 18188| Hypo1 above 18188➜18256➜18300 SL 18020| Hypo2 below 17950➜17784 SL 18055
[08:51]   Sudhakar : Good Morning All
[08:54]   Sharad : GM all
[08:56]   Rajat : hi guy
[08:56]   Rajat : can any one tell me why there was a anomly at 8214 day before yesterdeay
[08:58]   Rajat : what is hypo?
[08:59]   r m : Hypo is short for hypothesis, planning for market
[09:00]   Pawandeep : Good morning All
[09:00]   Shai : GM all
[09:03]   r m : @Rajat, 8214 was the single prints on 12th just below IBL http://screencast.com/t/6xaSdVj2T3
[09:03]   RK : Gm Shai,RM and all
[09:04]   r m : Hi RK
[09:04]   Rajat : rm what is IBL?
[09:04]   Rajat : sometimes single prints are considered as tail
[09:04]   Rajat : sometimes anomalies
[09:04]   Rajat : what is the difference?
[09:05]   Rajat : inital balance?
[09:05]   r m : IBL is Initial balance low, we use first one hour as initial balance
[09:05]   Rajat : okay
[09:05]   Venkatesan : hi rm shai, and friends GM
[09:05]   r m : anomalies are in the middle while tails are at both ends
[09:06]   Rajat : okay
[09:06]   r m : layman’s view 🙂
[09:08]   Moses : GM All
[09:10]   Sumit : GM everyone
[09:12]   Mahesh : GM All
[09:13]   Hemant : GM folks
[09:13]   Ashish : GMall
[09:15]   Shai : bring sl to 8193 for overnight longs
[09:15]   Shai : will update
[09:15]   Mahesh : k
[09:19]   Venkatesan : ok
[09:20]   Shai : crazy morning open
[09:21]   Mahesh : ya sir
[09:21]   Shai : if could not get the exit hold with sl 8129
[09:21]   Mahesh : k
[09:21]   Shai : terribly wrong about that open- went down 100 🙁
[09:22]   Shai : longs now only if 8201 is crossed
[09:22]   Shai : 17960 in BNF
[09:22]   Shai : seller is still selling the highs
[09:23]   Shai : first 15 mins are agin going to cross 20 L volume
[09:24]   Hemant : What could have triggered this?
[09:26]   Shai : Aggressive long Buy NF for 8206/ 8240 sl 8128
[09:26]   Varun : shai is it rejecting outside val
[09:26]   Shai : aggressive is 50% of your normal size
[09:27]   Shai : Varun Buyers present 2 days from 8110- 8130
[09:29]   Venkatesan : hi shai cana u sense the delay
[09:30]   Shai : delay?
[09:31]   r m : @Venkatesan, if you are using IE try to update adobe flash, chrome flash is auto updated
[09:32]   Shai : Change the browser- should be fine
[09:32]   Shai : 8206 – (09:26) Shai :Aggressive long Buy NF for 8206/ 8240 sl 8128
[09:32]   Shai : Hold balance at 8163
[09:33]   Shai : responsive buying taking out vwap of the drive down
[09:33]   Shai : we have a chance at day high again
[09:36]   Shai : chance of seiing 8317 if sl holds
[09:37]   Shai : just needs that litte volume abv 8206 which is y’day vwap
[09:39]   Vishnu : BNF 17960+
[09:42]   Shai : yes watching that green bar for aggressive buyers
[09:44]   Shai : Nifty did not hit 8131 below 8193 but BNF did 17784 below 17950 on that volume flush
[09:44]   Shai : levels from the hupos
[09:44]   Shai : hypos*
[09:44]   Shai : so watching 17960 for buy volumes
[09:45]   Shai : as also 8193plus
[09:45]   Pawandeep : volume flush?
[09:46]   Shai : yes 22L in first 15 mins again
[09:48]   Rajat : i am heavily long now
[09:49]   Rajat : added more on dip today after yesterday
[09:58]   Ashish : Shai, getting some buy volumes at 17960??
[09:59]   Shai : yes Ashish right 1
[10:00]   Ashish : nice:)
[10:00]   Shai : green pink turning green is additional conf
[10:00]   Ashish : thanks
[10:00]   Mahesh : yes
[10:01]   Venkatesan : shai pl refresh the desktop
[10:01]   Venkatesan : and zoom a bit
[10:02]   Venkatesan : thank u
[10:02]   Shai : Venkatesan use the options on the top bar for an enhanced view
[10:03]   Venkatesan : ok
[10:03]   Hemant : Shai, LVN+0 represents supply?
[10:05]   r m : low volume node – lack of supply 🙂
[10:05]   Hemant : Ty RM 🙂
[10:05]   r m : welcome
[10:06]   Shai : 8240 – sl now 8194 (09:32) Shai :8206 – (09:26) Shai :Aggressive long Buy NF for 8206/ 8240 sl 8128
[10:07]   Shai : BNF if you bought 17970 part book
[10:07]   Shai : 18055 minor res
[10:07]   Rajat : great call
[10:09]   Varun : @Shai some exits at vah or wait for 8317
[10:09]   Shai : some exits
[10:09]   Shai : that morning seller is still there
[10:12]   Hemant : Shai, target for 8400CE?
[10:15]   Shai : about 98 but cannot say whether it will come intra
[10:15]   RK : Shai BPCL good buy above 12th May high?
[10:15]   Sudhakar : shai any stocks for intra?
[10:15]   Shai : all long ideas for today are off below 8190 now- can use filter of 5
[10:16]   Hemant : Ty Shai
[10:16]   RK : roughly above 157 F
[10:16]   RK : *757
[10:18]   Vivek K : more advances to declining issues. breadth seems decent?
[10:19]   Shai : yes rK can do 772- 775 but supply is there at 775
[10:19]   Shai : Yes good point Vivel
[10:19]   RK : only for intra Shai.thanks
[10:19]   Shai : Vivek*
[10:20]   Shai : BNF alos looking up now
[10:21]   Shai : (09:58) Ashish :Shai, getting some buy volumes at 17960??.(10:00) Shai :green pink turning green is additional conf
[10:21]   Shai : Just to emphasise the imp of using the system properly
[10:21]   Shai : 100 up when those aggressive buyers came
[10:21]   Ashish : Yes, shai… breathing now:)
[10:22]   Vivek K : shai sir, any view on STAR? is 1100 possible shortly?
[10:22]   RK : when a flash happens, looking for that 3 points will help for entries..buyer at top of candle, green delta pane and pink changes to green..
[10:22]   RK : *flash down
[10:22]   RK : and vice versa for shorts
[10:23]   Shai : Star is in a sideways pattern
[10:23]   Vivek K : ok thanks
[10:24]   Shai : if broader market stays up can see 1076
[10:24]   Ashish : Thanks RK
[10:25]   RK : *correction buyer at bottom of candle
[10:26]   Vishnu : Rk, referring to 5 min chart I suppose?
[10:27]   RK : Yes
[10:28]   Vivek K : bnifty FA at bottom?
[10:30]   Ashish : @Rk, time for HUL to move northwards
[10:32]   Dharamveer : was it a shaeout in the mroning
[10:32]   RK : Ashish looking to buy above PDH..around 860
[10:32]   Dharamveer : Shakeout
[10:33]   RK : it may drag upto there and whip..lets wait and see
[10:34]   Ashish : hmm.
[10:40]   Dharamveer : will it be a down move if Vwap dosent hold and the green turns pink
[10:43]   Shai : too choppy again
[10:43]   Shai : yes if vwap goes and pink appears it is sellers
[10:44]   Mahesh : highly volatile
[10:44]   Mahesh : just to eat stoplevels
[10:47]   Shai : happens when Vix is 22
[10:47]   Mahesh : k . is it vital to track vix
[10:48]   Rajat : too chopy
[10:48]   Shai : yes
[10:48]   Shai : don’t trade options if you don’t follow vix
[10:48]   Mahesh : k sir
[10:48]   Hemant : I suppose, its time to buy in and sit back for a bit
[10:49]   Mahesh : any levels to check vix . higher , lower , neutral like that
[10:49]   Rajat : selling is always in spikes
[10:49]   Rajat : scary
[10:49]   Mahesh : i mean if vix was higher option moment will be high like that
[10:49]   Rajat : shai .. can you please tell me bull positional stop loss
[10:52]   Shai : Rajat we are not bullish positionally yet just playing fo a bullish move today after yesterday VA
[10:52]   Shai : But I guess that sl is recent May lows
[10:53]   Shai : we will use levels of 8355 spot to short again
[10:53]   Rajat : ok
[10:53]   Rajat : and If i am traidng intraday long what should be its stop?
[10:53]   Shai : val
[10:53]   Shai : 8170
[10:54]   Rajat : great.. thanks
[10:55]   Hemant : Shai what target for BN 19000 CE ?
[10:56]   Shai : Hemant that is not confirmed yet as we are not over neutral extreme high
[10:56]   Hemant : Got it, picked up a few at closing yesterday
[10:57]   Shai : yes – tat will do well only if BNF crosses day high
[10:57]   Shai : there is lack of selling at day lows
[10:57]   Shai : but short covering will come only if 18160 spot is taken out
[10:58]   Shai : then look for 18580 spot as tgt
[10:58]   Hemant : Got it. You were right, requires some risk appetite 🙂
[11:01]   Shai : Buyers are responding from VAL
[11:01]   Mahesh : k
[11:01]   Shai : But a breakout move looks difficult for now
[11:01]   Hemant : WPI data is due at 12
[11:01]   Shai : could remain flat in here for next few hours
[11:02]   Shai : oh yes
[11:02]   Shai : then next 1 hour here 🙂
[11:02]   Mahesh : k
[11:02]   Hemant : This gets nervy 🙂
[11:03]   RK : events are cherry on top for these prop shops now a days 🙂
[11:03]   RK : RM,have to grip pants tigtly 🙂
[11:04]   r m : I have done extra holes on the belt 🙂
[11:04]   Hemant : Who exactly are these props? I mean by definition what would prop mean ?
[11:04]   RK : lol
[11:04]   r m : proprietary traders – brokers trading on their own account
[11:05]   RK : hemant I would say bigger than HNI and smaller than DII,FII 🙂
[11:05]   r m : basically they provide liquidity but at times they like to provide a little bit more (Ye dil maange more) 🙂
[11:05]   Hemant : Thanks again, RM. Those without belts rely on nada & its knot 🙂
[11:06]   r m : nada is much better, flexible and cheap – cheap specially important after many stops gone 😀
[11:06]   RK : Hemant that’s more dangerous 🙂
[11:06]   Vishnu : CPI numbers were favorable weren’t they?
[11:06]   Hemant : 🙂
[11:07]   Vivek K : better to not wear any pants 🙂 nothing to lose
[11:07]   Vivek K : other than modesty
[11:07]   r m : favorable for bankers looking for interest rate cuts but IIP is dismal as if reflects on industrial producton going to abyss
[11:07]   r m : @Vivek, that is OK if your PC webcam is not on 😀
[11:07]   Vivek K : hahahah
[11:07]   Hemant : lmao @RM
[11:09]   RK : Shai Reddy above our obj of 3599 from yday but tested PDH and PDL marginally and stuck in between..any chance for upmove further from here?
[11:10]   RK : *obj 3548..its close to it
[11:15]   Shai : yes showing profit booking and coul be tiring
[11:15]   Shai : upmove looks curatiled for intra
[11:16]   RK : actually Hero is above our obj of 2499..am loking for 2580 intra..possible Shai with today’s move?
[11:16]   RK : thanks on Reddy
[11:17]   Hemant : Nifty spot can still do 8220?
[11:19]   Shai : possible RK by tom with 2490 sl
[11:20]   Ashish : pink about to turn green in banknifty
[11:20]   RK : thanks Shai..keeping day’s low SL
[11:21]   Vishnu : very thin volumes RK, 15 min candles numbers
[11:23]   RK : Vishnu ok
[11:30]   Varun : vwap and poc same
[11:30]   Varun : no major move now shai ?
[11:35]   Shai : yes Varun- (11:02) Shai :then next 1 hour here 🙂
[11:54]   Rajat : sahi nay views on onb?
[11:54]   Rajat : pnb?
[11:54]   Rajat : shai*
[12:00]   Hemant : WPI is expected to be -ve
[12:01]   Vishnu : yea. but how much
[12:01]   Vishnu : consensus is around -2.3%.
[12:01]   Vishnu : http://www.tradingeconomics.com/india/producer-prices-change
[12:03]   Hemant : Some say -2.20, some -2.06
[12:04]   Vishnu : difficult to estimate after fuel prices gone up I think. food inflation is down though
[12:05]   Vishnu : -2.65%
[12:06]   Hemant : Rate cuts anyone ? 🙂
[12:08]   Vivek K : what we think or say doesnt matter, what is more important is what shobhaa de an=unty thinks 🙂
[12:09]   Shai : PNB in a no trade zone but watch 140 for supp
[12:09]   Pawandeep : April WPI Inflation At -2.65% Vs -2.33% (MoM)
[12:10]   Pawandeep : this data is good or bad
[12:12]   Shai : mkt not moved
[12:13]   Hemant : Now whats left for the market to do today?
[12:13]   Shai : 🙂
[12:13]   Shai : doing Nothing occasionally is also a prt of the Job
[12:14]   Hemant : Carry the postions for tomorrow or add some Shai ?
[12:16]   Shai : No sl 8169 for longs
[12:21]   r m : @Shai, view for RELINFRA longs
[12:40]   Shai : relinfra 435 res – move up may be done there
[12:40]   r m : Thanks
[12:42]   Shai : Inide day – bala profile forming
[12:42]   Shai : for now a Normal day 80% and a close at vwap 8195
[12:46]   Varun : any stats whether a breakout should be played when vwap/poc same @shai?
[12:46]   Varun : results favourable or avoid ?
[13:00]   Rajat : varun are you holding nifty shorts?
[13:01]   Varun : i am holding nothing, can short below 65 as it was the range extension yesterday, and below val
[13:02]   Varun : but look of profile seems to be an inside day with closing at poc
[13:02]   Rajat : ok
[13:02]   Rajat : and what about long.. when will you consider going long
[13:02]   Rajat : ?
[13:04]   Varun : same answer above vah, else rotate back to poc/vwap
[13:04]   Varun : i am actually in no trade zone, listening some nice songs 😉
[13:04]   Shai : Varun generally n 90% cases it means a men reverting mkt back to POC
[13:04]   Shai : wht you need to watch is vols at extreme of vwap bands
[13:04]   Shai : mean* reverting**
[13:04]   Varun : so better to fade the extremes of play a failed auction
[13:04]   Varun : at low break
[13:05]   Shai : yes
[13:05]   Shai : of the 77 L vol 22 L was done n first 15 Mins
[13:13]   r m : entire IB formed in first 6 minutes in NF 🙂
[13:13]   Varun : upper part of today’s profile needs to some business for a perfect bell curve, lets see
[13:18]   Varun : this was like copy book tht breakout will fade back to poc
[13:23]   Varun : now the upper part raotation 🙂
[13:24]   Varun : shai is the 1.05/.10 candle with huge reds and a green in next a accumalation sign
[13:24]   Shai : good greens
[13:24]   Shai : goes upto 8255
[13:27]   Shai : We will buy this pull back to vwap and see it it wants to test 8248 again
[13:27]   Shai : Buy NF 8205- 8210 sl of 8185 tgt 8248
[13:32]   RK : 54450 at top buyer Shai?
[13:42]   Shai : yes
[13:43]   Shai : is a buyer aright – morning seller trying to push it down
[13:44]   Shai : BNf getting ready for a push to 18150
[13:44]   Rahul N : @shai whats your view on axis bank and dlf futures?
[13:46]   Shai : axis bank holds 555 then it is still positive for a move to 576/ 580
[13:47]   Shai : these longs may come out if 553 breaks
[13:47]   Shai : close abv 561 very positive into tom and next week
[13:47]   Shai : all F of May
[13:49]   Shai : DLF May F positive as long as today low holds
[13:49]   Shai : res at 130 and abv 130 and easy 5 points avlb
[13:53]   Shai : Exit NF longs at cost here – Intra
[13:56]   Dharamveer : is teh fat bear still haunting
[13:57]   Shai : May close at vwap here – that directional conviction of even 8250 reduced
[13:57]   Dharamveer : Is the volume thin compared to yesterday
[13:58]   Shai : yes 50% lesser
[13:58]   Dharamveer : it appears to be a test in the VSA
[14:05]   Varun : rotation to vwap continues
[14:05]   Varun : 🙂
[14:07]   Pawandeep : great learning 13:18 Varun : this was like copy book tht breakout will fade back to poc
[14:07]   r m : it goes up and down to collect vitamins and then goes back to sleep in the middle
[14:07]   Varun : @rm 🙂
[14:07]   Pawandeep : 🙂
[14:10]   Varun : would love another inside day wth bell curve, if tht happens,we mite get 200 point trend day
[14:33]   Shai : forming nicely
[14:33]   Shai : upper haldd abv vwa getting the vol now
[14:33]   Shai : half*
[14:34]   r m : pregnant with promises 🙂
[14:34]   Shai : tom is the day of promise
[14:35]   Shai : Bias for tom will be positive abv 8248 only
[14:35]   Shai : and then we look for that 8355 trade again we spoke of last evening
[14:36]   Varun : the problem shai is everthing happen by 9.20 🙂
[14:37]   Varun : 100 point in first 5 min is the new game
[14:37]   Varun : then entire day goes repairing those single prints
[14:41]   Shai : Tom also could be a quick drive out at open
[14:41]   Shai : 30th April was like today
[14:41]   Vishnu : stampede probably if RBI does something
[14:41]   Vivek K : hope that drive comes in a moped to ride on rather than BMW
[14:42]   Shai : lol 🙂
[14:42]   Shai : Vishnu a few guys I know saw Rajan in Goa yesterday – so chances of a cut are remote
[14:43]   Vishnu : interesting 🙂
[14:43]   RK : Vivek think about riding in two bikes with one leg at each..am having some shorts and some longs…once the mkt opens, its like chicken running when thunder arrives 🙂
[14:43]   Vishnu : flow of analogies and metaphors…hahaha
[14:43]   Vivek K : 🙂
[14:44]   r m : BNF going up without Rajan 🙂
[14:46]   Vivek K : apparently rbi board meetingis in goa as per reuters
[14:46]   Vivek K : !!!
[14:46]   Ashish : Rajan will come above 18160 spot only:)
[14:46]   Vivek K : GOA, India – Reserve Bank of India to hold its semi-annual board meeting in Goa – 0130 GMT
[14:46]   Varun : shai since we decided to stay within a bullish balance when we had an easy chance to break down today, so could the drive be on upsode
[14:47]   Vivek K : shai has good spies around
[14:47]   Varun : but everyone wants a rally
[14:47]   r m : @Varun, problem is with your FII friends they are loading shorts at every rise 🙂
[14:47]   Varun : tgif- send them to have a beer 🙂
[14:47]   Vivek K : i am an FII – foolish individual investor
[14:48]   r m : Jaitley uncle is doing his best to drown them without beer 🙂
[14:48]   Mahesh : heee
[14:48]   Varun : problem is everyone is bullish on tl
[14:48]   Varun : hardly anyone one short
[14:48]   Varun : and we hve good room on mo for shorts
[14:49]   r m : MO is very roomy these days!
[14:49]   Varun : queeze it, love it when its at extreme, like in pain in 80’s
[14:49]   r m : But once Shai has set his eyes on 83XX very tough for anyone to take market elsewhere 🙂
[14:49]   Varun : 😉
[14:50]   Vivek K : eye of the tiger
[14:51]   Varun : dalton says if u get poor highs on regular basis, expect a big move on upside
[14:51]   Varun : like 2-3 we hve
[14:51]   r m : ok
[14:52]   Dharamveer : shai bn spot around 18140
[14:54]   Ashish : Rajan on TV
[14:55]   r m : that 8248 touched now
[14:56]   Hemant : Shai sir, any BTST trades?
[14:57]   Shai : No Hemant neutral here
[14:58]   Hemant : Done 🙂
[15:12]   Hemant : Shai, whats the target for BN 18600 CE?
[15:19]   Shai : I don’t have figures for BN options Hemant, we are working to solve BN option issues
[15:20]   Ashish : Shai, banknifty is a hold for tomorrow?
[15:20]   Hemant : Not an issue Shai 🙂
[15:20]   Pawandeep : 8250+
[15:21]   Shai : No Ashish not a 100% hold
[15:22]   Shai : scale out if large position
[15:22]   Ashish : noted shai
[15:22]   Shai : sellers detected at these highs
[15:22]   Ashish : ok
[15:24]   Shai : PSU leading again today- http://screencast.com/t/gAPjyTtrmb
[15:24]   Shai : again pointer to a govt action
[15:24]   Shai : but may not happen also – speculation
[15:26]   Shai : Close near the highs instead of vwap
[15:27]   RK : but inside day and entire day within IB except that minor spike now
[15:27]   Vishnu : VIX down 5% from day’s high
[15:29]   Venkatesan : volume 40%less than yesterday
[15:30]   Varun : shai relevance of close ?
[15:30]   Hemant : Ty Shai & folks 🙂 Over and out
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   RK : thanks and bye all
[15:30]   Shai : Varun neutral
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice evening
[15:30]   Sudhakar : thanks shai and bye all
[15:30]   Porus : bye all
[15:30]   Venkatesan : thank you shai, rm and friends]]
[15:30]   Vishnu : Thanks guys. Have a good one.
[15:30]   Ashish : Thanks everyone, have a nice evening:)
[15:31]   Vivek K : bye friends
[15:32]   Pawandeep : GOOD BYE ALLLL
[15:34]   Moses : Bye all