OrderFlow charts and Notes 17th Oct

[08:53]   r m : Good Morning folks!
[08:53]   Porus : VGM
[08:53]   r m : http://vtrender.com/levels-and-plan-for-17th-oct/
[08:53]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-161014/
[08:54]   r m : http://vtrender.com/levels-and-plan-for-17th-oct/
[08:54]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-161014/
[08:57]   Sharad : GM all
[08:59]   Sharad : Shai INR support/ Res please
[09:01]   Manik : gm rm ,sharad ,and all
[09:01]   r m : Hi Manik
[09:06]   Sharad : Hi
[09:07]   r m : Results today – Axis Bank, NIIT, HCL Tech, Mahindra lifespace, HT Media, Zee Ent
[09:07]   r m : Results on Saturday – LIC Housing Finance
[09:10]   Shai : Gm all
[09:11]   Shai : usdinr 61.72 supp res back at 61.94
[09:11]   Shai : looks like 61.72- 61.94 will trade today there
[09:12]   Sharad : and above 61.94 any other
[09:12]   Shai : globe remined stable after our close and up
[09:12]   Shai : bulls looking for a recovery have to think U than a V
[09:13]   Shai : diff to sustain abv 61.94 at leasttoday but yest 61.16 abv 61.94
[09:13]   Sharad : ok thanks
[09:14]   Sharad : yesterday hogh was 62.11
[09:14]   Sharad : high
[09:16]   Shai : bigger bounce for the bnf
[09:16]   Shai : effect of positive delta on it yesterday
[09:17]   Amit J : 80% in bnf
[09:21]   Sumit : gm everyone
[09:22]   Shai : yesterday was a trend day so 80% will not work efficiently
[09:22]   Shai : rather in trend days a visist to vpoc is more better
[09:23]   Shai : 15780 abv val
[09:29]   Shai : 7803 is the high
[09:29]   Shai : 7804
[09:31]   Shai : BNf abv 15730- 750 should lead a move up to yesterday’s highs
[09:33]   Shai : Buy BNf abv 15735 sl of 15699 tgt 15780/ 15820
[09:34]   Shai : Big buyer has stepped in at 7788
[09:41]   Kathir : GOOD MORNING shai RM and all friends
[09:42]   r m : Hi Kathir
[09:42]   Sumit : hi Kathir
[09:52]   Shai : BNf open drive but slow
[09:53]   Shai : delta is good
[09:53]   Shai : vwap at 15702 is the key as we wait out the market to take out the breoken 730- 750 zone
[09:54]   Shai : this open drive if vwap holds would mean a close at the highs in 90% cases (BNF)
[09:54]   Shai : NF still has yesterday’s sellers and is flat this morning below 7807
[09:55]   Shai : current auction will be slow all day leading to the formation of a bell curve in NF
[09:56]   r m : @Shai, BNF came down about 70 points from 710, can such sharp reversals happen in open drive?
[09:56]   r m : or maybe it has more to do with gap up
[09:57]   Shai : possible in drives – 70 is not that big
[09:57]   r m : ok, thanks
[09:57]   Shai : pul backs are known to do that much in afternoon
[09:57]   r m : ok
[09:58]   Shai : spot traders would look at 7790 first to secure chances of a low
[09:58]   Sharad : INR 61.72 Shai’s level
[09:59]   Sharad : bot @61.73
[10:01]   Shai : Es watchers again ref all day today is 1865
[10:01]   Shai : if we cross 1865 then thhat index can bring 1910
[10:03]   r m : bnf delta is good at vwap
[10:04]   r m : i mean total delta 🙂
[10:05]   Shai : yes bigger bounce too in BNF
[10:11]   Chiranthan : sl hit
[10:16]   Kathir : @shai shal we short bnf
[10:17]   Kathir : for 610 again
[10:19]   Sumit : what is this 15685 dark red line
[10:20]   Kathir : another one at 15516.
[10:20]   Sumit : yeah 🙂
[10:20]   Sumit : I think Shai drew it
[10:21]   r m : Laxman (Shai) Rekha 🙂
[10:21]   Sumit : thanks. now I remember
[10:23]   Kathir : 🙂
[10:24]   Manik : @ shai intraday levels for tcs please
[10:32]   Kathir : i gues we should have used that rekha red line as SL for bnf long
[10:33]   Porus : what was yesterday’s BNF high?
[10:34]   r m : 15880
[10:34]   Porus : thanks
[10:34]   r m : welcome
[10:42]   Kathir : @rm shall we buy bnf again if it crosses todays high
[10:42]   Kathir : or now itself for the green?
[10:42]   r m : I think it is better to buy with green/pink when IB is huge, such days have a good chance of rotation
[10:43]   Kathir : ok ge thanks
[10:43]   Kathir : is the NF high today traded
[10:43]   r m : delta being positive, better to buy with green above vwap each time the snake turns up 🙂
[10:43]   Kathir : 🙂 this is cobra
[10:43]   r m : lol
[10:44]   Shai : tcs at 2465 in a support band
[10:44]   Shai : volume is high in tcs
[10:44]   Kathir : if long tcs what sl
[10:45]   Kathir : @rm nf high traded ?
[10:46]   Shai : populating the chart- half a min
[10:46]   Shai : nf at 7804
[10:47]   r m : @Kathir, 7804? yes
[10:47]   r m : 7872 was a marker I think 🙂
[10:47]   Shai : those red lines apperaing on the charts are volume profile levels based on previous delta at these prices
[10:47]   Kathir : oh ok
[10:48]   Shai : like the one at 15685 and the other one in NF will be above near 7817
[10:48]   r m : Thanks Shai, we call them Shai-rekha 🙂
[10:49]   Shai : 🙂
[10:49]   Kathir : @shai will this red lines will act as supp and res?
[10:49]   Kathir : shai rekha lines
[10:50]   Sharad : kathir it has given support at 15685
[10:50]   Kathir : yeah today it is
[10:50]   Kathir : i am asking for futures trades using this line
[10:51]   Sumit : Shai, is it like HVN lines? i don’t see HVN now
[10:52]   Sharad : I think it is HVN only
[10:52]   Sumit : ya could be. thanks
[10:52]   Amit J : shai your 430 pt range is broken yesterday when spot tested 7730. Whats your view on that
[10:54]   Shai : Tcs support is 2423
[10:55]   Shai : can think longs only abv 2465 with a small sl at day lows
[10:55]   Shai : but high risk
[10:55]   Shai : as to go to 2426 imo
[10:55]   Shai : today’s volume can support that
[10:56]   Shai : Kathir yes those are areas which got good volumes and likely to ve supp / res
[10:56]   Shai : Yes Sumit Like HVN’s only they are qulaified by good delta rather than bigger volumes
[10:57]   Kathir : ok shai thanks
[10:57]   Sumit : thanks Shai
[10:57]   Sharad : yes TCS 2435 low on 21 august should go to take support there
[10:58]   Manik : thanks shai
[10:58]   Shai : Amit that low came in NF yesterday in an intra day spke and so far the market has not gone below spike lows- so on hold till we confirm the auction lower
[10:59]   Shai : Technically when an existing corecction bracket breaks the Market will do 2 multiples of that correction – so drop can go to 430 x 2= 860
[11:00]   r m : my net is kicking me out frequently
[11:00]   Sharad : wow so Shai can go to 7200-7300
[11:01]   Sharad : for that what high from hear can we expect
[11:01]   Sharad : max
[11:01]   Shai : yes medium term support would be around there where there is the 200 dma and also the low post verdict
[11:02]   Shai : if 7850 spot is crossed then threat of downside is gone and we go back to 7850-7900 to 8300 bracket
[11:03]   Sharad : ok that is very good info
[11:05]   Shai : dip buyers in Nifty are disappointed today
[11:05]   Kathir : nfdelta – 140 bnf +140
[11:05]   Shai : Looks like the Mkt is a long BNF short NF trade
[11:05]   Kathir : buy nf pe and bnf ce 🙂
[11:06]   Shai : No BNF deta has to prove abv 15750
[11:06]   Shai : we have 1 sl hit already
[11:07]   Kathir : yes shai but ur red line immediatly responded
[11:07]   Shai : vwap to 750 zone in play- (09:53) Shai :vwap at 15702 is the key as we wait out the market to take out the breoken 730- 750 zone
[11:08]   Shai : we got a little early in that long bnf- tigger would ave been better abv 752
[11:09]   Kathir : @sharad for usd/inr where did u put SL
[11:10]   Sharad : 61.68… .05 lower
[11:11]   Kathir : ok
[11:14]   Shai : dip buyers in trouble in NF
[11:14]   Shai : delta not letting up
[11:14]   r m : NF below PDL
[11:16]   Shai : vol was under avg that time
[11:16]   Shai : vwap band stayed
[11:17]   r m : ok
[11:17]   Shai : even if we close balanced today around 7782 we have to watch delta at close for signs of the sellers cloing
[11:17]   Shai : *closing
[11:18]   Shai : with an MO of -62 a echnical bounce is in order and even sellers will like higher prices to short than here
[11:29]   Porus : bnf trade here?
[11:29]   Kathir : shai long bnf
[11:36]   Clay : undercut prev day low,take out early longs,trap shorts and squeeze-NF?
[11:40]   Sharad : Yes Clay this is everyday routine of Nifty
[11:41]   Sharad : Trap early long or short
[11:41]   Sharad : see INR doing same
[11:53]   Clay : Sharad,trading INR is easier than trading Nifty or Bank Nifty?-i have no idea about INR
[11:53]   Shai : good response from the lows
[11:54]   Shai : Diwali trade would be to buy 7900 ce at50 now with a sl around 30
[11:55]   Shai : expected tgt is 7840 spot from here – about 85 points up
[11:55]   Shai : BNf did 2 dips around that 15685 mak
[11:55]   Shai : mark*
[11:55]   Shai : can do 880 from here
[11:56]   Clay : Thanks Shai for Diwali gift,hopefully
[11:56]   Shai : if 7817 F crosses then trade is safer
[11:57]   Amit J : looks like morning sellers are trapped.
[11:58]   Amit J : shai again at 15800 spot. failed here in last 3 days
[11:59]   r m : delta is near zero, maybe morning sellers exited at the lows
[11:59]   r m : bnf done 80%!
[12:01]   Sumit : power of green 🙂
[12:01]   r m : 🙂
[12:01]   r m : today pink and green whipsawed lot in BNF
[12:02]   Sumit : yes but losses were very small
[12:03]   Sumit : in last pink, when it came above vwap, could hv been booked/ part booked
[12:03]   r m : yes
[12:03]   Manik : @ rm should we watch for that seller in BNF ard 15870
[12:03]   Shai : 15867
[12:04]   Shai : strong buyng in NF now
[12:04]   r m : Yes Manik, with everyone in Diwali mood sellers may come from top door 🙂
[12:04]   Manik : ok shai
[12:04]   Manik : 🙂
[12:05]   Shai : this will go to 7817/ 7832
[12:05]   r m : bn spot did 15844 the other day
[12:06]   Clay : Week open in nifty at 7835
[12:06]   Shai : we have a failed auction at 7852
[12:07]   Shai : 7752
[12:07]   r m : yes
[12:07]   Sumit : failed auction also means single print??
[12:08]   Porus : BNF 15880 achieved.
[12:09]   Shai : book and we buy the dip again
[12:09]   r m : @Sumit, ys, single prints at one end of IB and price travelling to other end is the definition
[12:09]   Shai : failed auctio is a single print mostly but the tpo overlapped price around 11.15
[12:10]   Clay : Just an incidental observation_!00 day daily SMA OF Nifty 7755 yesterday,7760 today-
[12:10]   Shai : tpo changes in 30 min intervals atrting 9.15
[12:10]   r m : ok
[12:10]   Sumit : ok. thanks Shai
[12:10]   Sumit : and thanks rm
[12:10]   r m : welcome 🙂
[12:11]   Sumit : rm, in the last few days may be ever since you started, green pink has done extremely well
[12:12]   Sumit : obviously along with the big range in market
[12:12]   r m : yes Sumit
[12:12]   Porus : shai, what price for re entry in BNF?
[12:13]   Shai : 15820 if buyers show else 15780
[12:14]   Shai : now sl is 15740 for the rest of the day for longs
[12:14]   Shai : also vwap is there
[12:14]   Shai : NF is already a neutral day
[12:14]   Shai : Neutral extreme will be a close around 7870 as per hypo
[12:15]   Shai : neutral center will be close at vwap
[12:17]   Amit J : 7835 was weekly open for doji
[12:18]   Shai : ok
[12:18]   Amit J : and banknifty open was near low and we are at high now
[12:19]   Shai : BNf structure is a close at the highs today
[12:19]   Shai : vwap shuld hold from here
[12:21]   Porus : Axis Bank results out yet?
[12:21]   Amit J : no
[12:25]   Shai : sellers at 7815
[12:30]   Shai : Delat has again gone 2 way
[12:31]   Kathir : nf delta – increasing
[12:34]   Porus : Europe i gren too
[12:34]   Porus : green
[12:36]   Shai : back to 7794 to search for buyers – (12:05) Shai :this will go to 7817/ 7832
[12:40]   Narendra : bnf delta first time in minus from morning
[12:47]   Kathir : @rm shai rekha @ 7815 showed its power
[12:48]   r m : one needs a Ravan to kidnap Seeta (NF) from Laxman (Shai) Rekha 🙂
[12:49]   Kathir : yeah 🙂
[12:49]   Kathir : downside he saved bnf
[12:50]   Kathir : @rm if he can move that line we will be happy
[12:51]   r m : you will have to trade a lot and create bigger volume elsewhere to make him do that 🙂
[12:51]   Kathir : oh then i should become FII for that
[12:52]   r m : or just seek Manik’s help 🙂
[12:54]   Kathir : thats better
[12:54]   Narendra : this red lines r working very good
[12:57]   Amit J : nifty delta at max agaiin
[12:57]   Amit J : test
[13:00]   Manik : @ rm that was a good one sirji 🙂
[13:00]   r m : lol
[13:01]   Amit J : shai delta is at min and we are not breaking vwap and poc. what can be infered from this
[13:01]   Amit J : trap?
[13:01]   Manik : @ rm nf delta ,any comments ?
[13:02]   r m : @Manik, looks risky for longs
[13:03]   Manik : ok
[13:03]   Kathir : few weeks back i have notices this red line if it crosses and goes up then it will turn to good support as well
[13:04]   r m : ok
[13:07]   r m : @Kathir, NF took you advise and knocking at red line!
[13:15]   Shai : Bnf has space to run up a 100 points
[13:15]   r m : it is managing nicely now even with negative delta!
[13:16]   r m : as is NF
[13:16]   Shai : we will play for 16158 on Mon
[13:16]   r m : ok
[13:16]   Amit J : sunday event
[13:16]   Amit J : election result
[13:23]   r m : S&P climbing
[13:24]   Shai : 1866
[13:24]   Kathir : @RM ge yeah it has crossed the red line
[13:24]   r m : now it should support
[13:25]   Shai : 10700 is support for cnxit
[13:26]   Shai : BN enjoying the fact that it is down
[13:35]   r m : TCS and HCLTech together have almost 7% weightage in Nifty, BN has to come to rescue else put writers will be bankrupted 🙂
[13:36]   Porus : RM, so conversely, if CNXIT starts rising, will BNF cool off?
[13:36]   r m : it may
[13:38]   r m : last week when Shai recommended 16K CE it was at 105, now it has crossed 220!
[13:38]   r m : although BNF triggered the stop for that trade
[13:40]   Shai : Can add aggressive longs abv 7833 fo 7867 sl of 7812
[13:40]   r m : 16158 on monday should take it to 300 if vix does not take a deep dip 🙂
[13:40]   Kathir : @rm how abt cac dax ftse now
[13:41]   Shai : 7800- 7814 is a seller from 12 noon and he is trapped and can create another upmove abv 7832
[13:41]   r m : @Kathir, ES is going up like an arrow!
[13:42]   Kathir : oh great
[13:43]   r m : here is DAX http://screencast.com/t/H9eEuzqxDzr
[13:45]   Kathir : wow
[13:46]   Manik : @ rm u cant rely on them ,sterday they took away my sleep
[13:46]   r m : yeah
[13:47]   r m : better to stick with Shai’s MP
[13:49]   Shai : es 1873
[13:49]   Kathir : @manik too many cooks….
[13:50]   r m : S&P http://screencast.com/t/J8Gk98LI
[13:51]   Shai : 7836
[13:51]   Shai : red line is our supp at 7813 for the new trade long
[13:52]   Shai : technical tgt id 7929 if that line holds but we are content with 7870 today
[13:52]   Shai : 7868
[14:02]   Kathir : @rm JG like diwali trade but now he is not here for some time
[14:03]   r m : yeah, last time I chatted with him, he said that he will be away from markets as he is busy due family reasons
[14:06]   Kathir : ok
[14:07]   r m : bnf green and pink alternating
[14:12]   Shai : OrderFow in NF has worked in patches of 15-20 points today
[14:12]   Shai : 7780- 7798 to buyer then 7815- 7796 to seller and then 7818 to 7836 to buyer
[14:12]   r m : @Shai, if delta remains negative by close then risky carrying longs?
[14:13]   Shai : refer to the right column of delta breakup also called vol at price
[14:13]   Shai : Yes RM in NF will be riskier
[14:13]   r m : Thanks
[14:13]   Shai : -200 is risky
[14:13]   Shai : -20/-50 may still go anywhere
[14:14]   r m : ok
[14:20]   Manik : sellers not giving up
[14:20]   r m : bnf swing delta is -920 in the save chart
[14:20]   r m : *saved
[14:20]   Shai : will upate that
[14:20]   r m : ok
[14:23]   Shai : Swing is not convincing
[14:23]   r m : ok
[14:23]   Shai : just a diwali rally and then back down
[14:24]   Shai : these guys with dee ockets will add up higher
[14:24]   Shai : *deep pockets
[14:24]   Shai : Can be down Mon and rise tues / wed too on better than this delta
[14:25]   Shai : 15997 F
[14:25]   Shai : 150 short
[14:25]   Shai : if not today then Mon open
[14:25]   r m : ok
[14:40]   Kathir : @shai what is the supp and res for usd/inr now..will it go up or down
[14:44]   Shai : dow below 61.50
[14:44]   Shai : down*
[14:44]   Shai : 16025
[14:50]   Kathir : ok thanks
[14:50]   Kathir : 61.50 big supp?
[14:51]   Shai : yes
[14:52]   Kathir : ok
[14:53]   Shai : heading now to nutral extreme clearly
[14:53]   Shai : in Nf with an FA below
[14:53]   Shai : That’s why this delta is staying neg cos revisit down will happen
[14:53]   Kathir : dpoc bnf shited to 16000
[14:54]   Shai : durng that revisit down we can pick up some Nov calls with a sl of 7820 spot
[14:58]   Shai : cover part at 7852 bala at 7832 now- (13:40) Shai :Can add aggressive longs abv 7833 fo 7867 sl of 7812
[15:04]   Shai : -445 is huge
[15:05]   Shai : 7815
[15:06]   Shai : aggressive lon with sl of 7806
[15:06]   Shai : tgt again 7855
[15:06]   Kathir : today shai?
[15:07]   r m : yep
[15:07]   Shai : don’t enter now
[15:07]   Kathir : ok
[15:08]   Kathir : dont enter now RM is selling
[15:08]   r m : lol
[15:08]   Manik : @ shai if short higher sloss?
[15:08]   Shai : 7868
[15:09]   Shai : positionals
[15:09]   Manik : ok
[15:09]   Shai : intra 7835 now
[15:09]   r m : @Kathir, look now who is selling 🙂
[15:09]   Kathir : yeah 🙂 FII mani
[15:09]   Manik : 🙂
[15:09]   r m : lol
[15:09]   Shai : day midpoint is 7810
[15:09]   Shai : vwap 7804
[15:09]   Shai : was playing for a neutral extreme
[15:10]   Shai : these kind of drops are mostly to reset orderflow
[15:11]   Kathir : @shai if we close at delta -400 range will there be gap down mon
[15:12]   Shai : Kathir the move can come in the form of a gap or even durimg the day
[15:12]   Shai : what it tells us that the move is not backed vy strong hands
[15:13]   Kathir : ok
[15:13]   Shai : refer t the move of 8008 last week
[15:13]   r m : for gap global markets have to close deep in negative territory
[15:14]   Shai : that day it was -611 and the market collapsed the next session
[15:14]   Shai : It’s weak players who close in a hurry on pressure
[15:15]   Kathir : ok..-611 intra or swing
[15:15]   r m : intra
[15:15]   Shai : it was -611 intra check price around 8008 in that chart
[15:16]   Shai : neutral extreme is out – we are closing at neutral center
[15:17]   Kathir : ok – 611 was the biggest one
[15:18]   r m : that was 9th October, S&P dropped 40 points that night
[15:18]   Kathir : ok one 675 is there first one
[15:22]   Kathir : tcs 2430
[15:25]   r m : that -675 is very interesting, it was a uptrend day with negative delta the entire day
[15:26]   Amit J : likely hung parliament in maharahstra
[15:27]   Kathir : amit you voted for bjp and willing to have hung lokshaba
[15:27]   r m : lol
[15:27]   Kathir : not fair
[15:27]   Amit J : i voted but cant help 🙂
[15:27]   r m : Shai voted for SS na!
[15:27]   r m : 😀
[15:27]   Kathir : 🙂
[15:27]   Kathir : shiv sena?
[15:27]   r m : just joking
[15:28]   Manik : shai did nt vote !!!
[15:28]   r m : Uddhav wanted to be CM, he will most likely become leader of oppostion 🙂
[15:29]   Kathir : @shai please do something for your voting problem 🙂
[15:29]   Shai : lol
[15:29]   Porus : BNF still moving
[15:29]   Kathir : yeah delta 60
[15:29]   Shai : what an opposite picture
[15:30]   Shai : one voting for BJP an the oher for NCP
[15:30]   r m : bnf neutral extreme
[15:30]   Kathir : lol
[15:30]   Shai : BNF did not cross iBL? di it?
[15:30]   r m : no
[15:30]   r m : NV
[15:30]   Shai : BNF positive at clse
[15:30]   Sumit : good bye everyone
[15:31]   Shai : BNF on track for the 16148 but NF is a dilemma
[15:31]   Shai : may visit that FA pre diwali and then rise
[15:31]   Kathir : will be clear monday after all these election issues and results
[15:31]   Shai : or massive short covering rally which will give 150- 200 in a day in NF
[15:31]   r m : Thanks and bye folks, have a great weekend 🙂
[15:31]   Manik : bye
[15:31]   Shai : neutral center s always give trend days
[15:31]   Chiranthan : Bye
[15:31]   Shai : Bye all
[15:31]   Clay : bye
[15:32]   Shai : have a nice weekend
[15:32]   Porus : bye
[15:32]   Kathir : thanks and bye all have a nice weekend?
[15:32]   Kathir : 🙂