OrderFlow charts and Notes 17/03/15

[08:43]   r m : Good Morning folks!
[08:43]   r m : http://vtrender.com/levels-and-plan-for-17th-march/
[08:44]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-160315/
[08:44]   r m : Nifty MAR Future levels KRA 8670 Hypo1 above 8688➜8697➜8712➜8735 SL 8670 Hypo2 below 8670➜8640➜8610 SL 8695
[08:44]   r m : Banknifty MAR Future levels KRA 19040 Hypo1 above 19090➜19184➜19334 SL 19020 Hypo2 below 19000➜18900➜18840 SL 19065
[08:45]   r m : SGX Nifty March Future trading at 8710
[08:50]   Porus : GM RM and all
[08:50]   r m : Hi Porus
[09:05]   Sharad : GM all
[09:08]   Shai : GM all
[09:10]   Sachith : GM all
[09:12]   RK : GM all
[09:16]   Amit J : shai your view on just dial. buy call intraday
[09:19]   Shai : just dial abv 1187 sl of 1171 should give 1239/ 1272
[09:19]   Shai : NF and BNF not getting buyers on gap up
[09:21]   Sachith : yes bank short view… shai
[09:22]   Tejpreet : GM all.
[09:22]   Shai : yesbank watch 815.4 supp- can move to 822.9/ 835 above it
[09:23]   Shai : weak below 815.4
[09:24]   Sachith : ok… thnx
[09:28]   Shai : so far no big buyers
[09:28]   Shai : NF resistance at 8712
[09:30]   Shai : OPen is a drive testing yesterday’s range highs for sellers
[09:30]   Shai : Move is to VAH below PDH and VAL below VAH to complete the 80%
[09:30]   Shai : ability to hold vwap will be seen as positive
[09:31]   Shai : can long abv 8715 for 8735/ 8748 with sl of 9693
[09:31]   Kris : Good Morning all 🙂
[09:31]   Shai : 8693*
[09:31]   r m : Hi Kris 🙂
[09:31]   Kris : hi rm 🙂
[09:33]   Shai : GM Kris
[09:33]   Kris : GM Shai!
[09:34]   Shai : 18960 VAH
[09:34]   Shai : 8672 NF
[09:34]   Shai : sellers mounting
[09:36]   Vivek : can shorts be entered
[09:36]   Shai : Yes sl is day high
[09:37]   Shai : The conservative will wait for break of pdh or vah
[09:38]   Shai : BNF below 19040 pdh
[09:38]   Shai : gets weaker below vah
[09:38]   Shai : and also tgts 80% rule
[09:43]   Shai : volume is struglling after the first 10 mins
[09:44]   Shai : NF is a sell with sl of 8715 for 8670/ 8640
[09:44]   Shai : BNF should do 18840 again
[09:50]   Shai : exit NF short
[09:50]   Shai : sl hit
[09:55]   Shai : respnse cam late around 9.50 by buyers
[09:55]   Shai : but pushing up now
[09:56]   Amit J : gap not filled in spot
[09:56]   Shai : early morning seller was around 77K at 8715 and has added another 70k
[09:56]   Shai : yes
[09:58]   r m : NF vwap bands trying to expand
[09:59]   Shai : one move to 8735/ 8748F here
[10:01]   Shai : buyers from 8716
[10:02]   Shai : will be a supp now intra day
[10:02]   Shai : 8746 is athe anomaly
[10:02]   Shai : possible upside is to 8785/ 8802 if crossed
[10:06]   Shai : FP chart still shows buyers
[10:06]   Shai : 8730/ 8714 supp
[10:08]   Shai : 8785 coming
[10:09]   Shai : watch spot at 8744- 8755
[10:13]   Amit J : big IB, writers trap and yesterday neutral day.
[10:16]   Shai : yes
[10:16]   Shai : one possibility if there we reain in IB
[10:17]   Shai : remain*
[10:19]   Shai : some profit booking coming now
[10:19]   Shai : let’s not wait for 8785F- Book if made longs at 8720
[10:20]   Shai : BNF not doing well in that last 30 mins of run up
[10:21]   RK : tata motors open high cleared and 567 cash is also done..
[10:21]   RK : seems range finally exapnding
[10:22]   Shai : saw that chart last night- came down a bit from the morning
[10:23]   Shai : I was hoping for a 8744- 55 spot touch before IB on these buy volumes
[10:23]   Shai : Remember on Fri we have seen huge selling in this very zone
[10:23]   Shai : 8785 then was the big seller
[10:24]   RK : Maruti negotiating 3690 cash level
[10:29]   Shai : be back in 20 mins
[10:54]   Shai : Looks like a Normal day developing
[10:54]   Shai : Large volumes from 8710 to 8755
[11:19]   Shai : Buyers coming back now in BNF
[11:19]   Shai : IBH crossed
[11:20]   Shai : NF long trade abv IBH of 8759 is for 8785 and 8802 sl of 8745 dpoc
[11:33]   r m : not much enthu in buyers above IBH
[11:40]   Shai : yes clear out longs
[11:42]   Shai : vwap supp now
[11:59]   r m : vwap cracking in BNF
[12:05]   Rav : rm…SC to LBU so they may bring it down and buy more,it seems
[12:05]   r m : Thanks Rav
[12:06]   r m : some green seen in NF
[12:06]   Rav : NF LBU to SC !!!!
[12:07]   r m : BNF at day’s low!
[12:11]   Amit J : failed auction
[12:11]   Amit J : in both
[12:11]   r m : yes
[12:14]   Amit J : shai any posibility of day high again or its a sell on rise mkt
[12:15]   r m : (*** Private to Amit J) @Amit, Shai is away for some time
[12:16]   Amit J : ok
[12:18]   r m : (10:54) Shai :Looks like a Normal day developing
[12:18]   r m : BNF has made it a neutral day
[12:43]   Janak : can bn be bought here for day high?
[12:47]   r m : does not seem too eager to me 🙂
[12:48]   Janak : ok the way IBL is being defended – i think it has become a buyin gpt
[12:49]   Janak : 18989 – DIBL
[12:50]   r m : ok
[12:52]   Amit J : banknifty is strugling. need more buyer.
[12:55]   Janak : overall trend is bullish in bn?
[12:58]   Shai : test
[12:58]   Shai : turnaround – Now below vah
[12:59]   r m : this is the March series so far, now you decide the trend Janak http://screencast.com/t/m92a5OBp
[12:59]   r m : 🙂
[12:59]   Janak : 910 to 950 in 1 min
[12:59]   Janak : that W if forms can be a hope for bulls
[13:00]   Shai : poc and prev vwap are togther
[13:00]   Shai : did mention the volume at that POC yesterday in blog
[13:03]   Shai : go shorts below 8665 fr 8640
[13:04]   r m : stop VAH?
[13:04]   r m : or IBL
[13:04]   Shai : IBL
[13:04]   r m : Thanks
[13:05]   Shai : below 8695 the seller in control
[13:12]   Shai : If Buyers do not take this mkt abv 8695 again by close this selling should see 8610/ 8586 F Below
[13:12]   Janak : can bounce till 989 shai?
[13:12]   Shai : 18960/ 19003
[13:12]   Janak : sl 850?
[13:13]   Shai : keep watching the FP chart- gives a great idea of the selling happening
[13:13]   Shai : yes val
[13:14]   Janak : what caused a 300+ sell? any news in bn
[13:14]   Shai : Sell on rises from last week
[13:16]   Shai : yesterday : [15:26] Shai : sellers are using higher prices to sell since last week.[15:26] Shai : so even if we go up have to play long side carefully
[13:16]   Janak : march is generally bullish? they will try to close at month high?
[13:17]   Shai : too far away- Mkt wants to get the FED out tom
[13:17]   Amit J : volatility before fed
[13:18]   Shai : some buying response now in NF
[13:24]   r m : seems to be getting some support at VAL
[13:25]   Shai : yes
[13:25]   Shai : can cut shorts at cost here
[13:25]   Janak : shai bounces in bn are 100-150 pts?
[13:25]   Shai : looking to roatate again at yday poc
[13:27]   Sachith : shai… long levels for century tex today
[13:28]   Amit J : its in ban
[13:28]   Sachith : thnx
[13:29]   Shai : century coming off cos of the MWPL- good in ccash
[13:30]   Shai : see 574- 578 as supp in cash
[13:30]   Shai : but has to close abv 578
[13:31]   Sachith : ok… thnx
[13:31]   Shai : tgt 625-628 cash this week
[13:32]   Shai : The other MWPL trade todau is to buy puts of Wockhardt at or near close . strike 1900
[13:32]   Janak : chances of hypo2 tgt 840 shai?
[13:32]   Shai : High risk and to be taken with money you can afford to lose
[13:33]   Amit J : wock will be in ban?
[13:33]   Shai : yes
[13:33]   Shai : Nothing on price suggests weakness but the MWPL trade is based on no new longs entering
[13:34]   Shai : hence long liquidation setup
[13:34]   Amit J : ok
[13:41]   r m : big buyer at VAL
[13:42]   r m : where did that guy disappear? 🙂
[13:42]   RK : gone 🙂
[13:42]   Shai : auto correct mode on big volumes in there
[13:42]   r m : yes, Plus 1 lakh and suddenly vanishes
[13:42]   r m : ok
[13:43]   Janak : still almost 2 hrs to go – seller can go for the kill
[13:43]   Shai : NSE is not sending prper ticks hence we are using it
[13:43]   Shai : The FP chart is more accurate on volumes
[13:44]   Shai : break below 8640 rquired to set up 8586F
[13:44]   Vinay : 18800 also has been a big number last few months
[13:45]   Shai : yes
[13:45]   Shai : 18780 – 18820
[13:45]   Vinay : close below 18800 would bring 18300 in perspective, shai?
[13:46]   Janak : march – they don’t do window-dressing?
[13:46]   Shai : Vinay this close if it is below 19000 F brings back 18608/ 18520 F as tgts this week or Mon
[13:46]   Vinay : ok
[13:46]   Shai : as yesterday was neutral ext and we are below it now
[13:52]   Shai : Yesterday POC in this chart had more buyers , hence we are seeing an attempt to hold the mkt here : http://vtrender.com/wp-content/uploads/2015/03/15_min_NF_FP211.png
[13:52]   Shai : below 8640 these will exit
[13:58]   Shai : very rotational now
[13:58]   Janak : 25000 -???
[13:58]   Janak : what is that?
[13:59]   Janak : seller?
[13:59]   Janak : bn
[14:00]   r m : seller red, buyer green 🙂
[14:00]   RK : we have 31825 in FP chart at same price 🙂
[14:00]   RK : I mean the tota
[14:00]   RK : total
[14:01]   Janak : 1825×28400 -?
[14:01]   r m : 28400 buyer at that point Janak
[14:09]   Janak : ok rm –
[14:10]   Janak : sell here looks safer or buy?
[14:10]   r m : green of so buy should be safer
[14:10]   Janak : ok but sell-on-rise?
[14:11]   r m : 🙂
[14:11]   Shai : Buy BNF abv 18980 for rtest of 19040 with sl of 18955
[14:11]   Janak : and shai sell here with sl of 18980?
[14:12]   Shai : can do that for 910
[14:13]   Janak : we used to have delta?
[14:13]   Shai : bottom of pane
[14:13]   Janak : cumulative delta no?
[14:14]   Janak : 960 res
[14:15]   Janak : OF wave pointing down
[14:17]   Janak : (14:12) Shai :can do that for 910
[14:17]   Janak : got that shai – thanks 🙂
[14:17]   Janak : 948-908
[14:18]   Janak : rm may say: bn-trading – mardon ki pasand ;
[14:21]   r m : lol
[14:22]   r m : you even painted the OF pink to get your target, sefish guy 😀
[14:22]   Janak : 🙂
[14:23]   Janak : both the hypos worked in bn – anyone took those trades?
[14:23]   Janak : shai u need a popup here saying “Now – Enter the hypo trade”
[14:25]   Amit J : jspl any view?
[14:28]   Shai : jspl one bounce up to 178 to clear the air
[14:28]   Shai : sl 165 here
[14:44]   Janak : shai short bn here for 870?
[14:44]   Janak : 2ib is 128?
[14:44]   Janak : 828
[14:48]   r m : yep
[14:56]   Amit J : big buyer
[14:56]   Amit J : neutral centre close?
[15:00]   RK : VWAP sustain would squeeze shorts ahead of event
[15:00]   r m : (14:11) Shai :Buy BNF abv 18980 for rtest of 19040 with sl of 18955
[15:00]   r m : done
[15:01]   Shai : yes neutral center close
[15:01]   Shai : Buyers are again good in this move
[15:03]   Amit J : extreme close?
[15:04]   Shai : can go up further
[15:04]   Shai : sl 8713
[15:04]   Shai : 8755 tgt
[15:10]   Shai : 8754
[15:10]   Shai : close
[15:11]   Shai : This close if floowed up gives 8802
[15:11]   Shai : followed
[15:14]   Tejpreet : Shai how are the volumes for the day.
[15:14]   Shai : 140 L
[15:15]   Shai : abv avg
[15:15]   r m : 14 million
[15:15]   Porus : Shai, an bnf longs be carried?
[15:15]   Tejpreet : Thanks.
[15:16]   Shai : again profit booking at top
[15:16]   Shai : positional player is still seeing 8755 spot as res
[15:17]   Porus : *can
[15:18]   Shai : Yes porus- put sl at 19000 F
[15:18]   Shai : TGt 19300
[15:18]   Porus : ok
[15:18]   Shai : It’s been a day of whipsaw but we will trade current price
[15:19]   Vishal : after more than 7 trading days nifty trying to clcose around highs
[15:19]   Tejpreet : Shai I am holding 8700 call at 78 ….should i book or carry for tomorrow by buying 8700 put now
[15:20]   Shai : Tejpreet this close ahs to be backed by open abv day high
[15:20]   Shai : if that happens no chance for puts
[15:21]   Shai : Globe is up ahead of FED but tom protection required at close
[15:22]   Shai : book that 8700 call and go OTM with part of the profit
[15:22]   Tejpreet : Did that as am also holding 8800 call at 42 …Thanks.
[15:27]   Shai : not a perfect Neutral ext but still close at highs
[15:27]   Shai : long being booked again at hghs
[15:28]   Shai : BNF more stable for longs
[15:28]   r m : NF dpoc moves up to make it look like neutral center!
[15:29]   Shai : 8705 is vwap and day center
[15:29]   r m : ok
[15:29]   Shai : kra for tom
[15:30]   Shai : Bye all
[15:30]   Shai : Have a good evening
[15:30]   Tejpreet : Bye all
[15:30]   r m : Thanks and bye folks, have a great evening
[15:30]   RK : thanks and bye all
[15:30]   Shai : catch up tom
[15:35]   Amit J : bye