OrderFlow charts and Notes 20/01

[08:53]   r m : Good Morning folks!
[08:53]   r m : http://vtrender.com/levels-and-plan-for-20th-jan/
[08:53]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-1901/
[08:53]   Porus : GM all
[08:53]   Kris : GM Rm and Shai 🙂
[08:53]   r m : Hi Kris, welcome 🙂
[08:54]   r m : NF Hypo1 above 8566➜8610➜8636 SL 8543 Hypo2 below 8543➜8498➜8465 SL 8563 JAN Future levels
[08:54]   r m : BNF Hypo1 above 19410➜19520➜19593 SL 19365 Hypo2 below 19325➜19245➜19170 SL 19384 JAN Future levels
[08:56]   r m : Results today – Kotak Bank, South Indian Bank, Jindal Saw
[08:56]   Shai : GM all
[08:57]   Shai : Welcome back Kris !
[08:57]   Kris : Thanks Shai
[08:57]   Kris : Thanks RM
[08:58]   Shai : Hope you are back to trade as before?
[08:58]   Kris : Mostly yes.
[08:59]   Shai : I’ve seen you do a trade here and there on twitter, but are you back to trading yet?
[08:59]   Kris : Full time trading – not yet.
[08:59]   Kris : But, should be regular and active
[09:04]   Sharad : GM all
[09:04]   Sharad : welcome Krish
[09:05]   Shai : ok
[09:05]   Shai : spot trading pre market at 8581
[09:05]   Shai : eyes at 8610 at open
[09:05]   Shai : prominent pOC at 8574F needs a visist
[09:06]   Shai : slight change in the FP charts- they are now 15 mins duration (time slots in top pane)
[09:09]   RK : GM Shai,RM and friends
[09:09]   r m : Hi RK 🙂
[09:12]   Amit J : your view on dishtv
[09:12]   Amit J : hindzinc 3% up
[09:18]   Shai : dishv good abv 69 can do 71- 71.5
[09:19]   Amit J : thanks. its a good buy today
[09:20]   Shai : ok
[09:20]   Shai : cngrats hz
[09:20]   Amit J : thanks. i am still holding any view on hz
[09:20]   Shai : we are looking for a 8588 visit here in NF and possibly 8574 and then back up
[09:21]   Shai : supply f that 164.5-165 zone to be watched
[09:21]   Shai : in HZ
[09:22]   Shai : can scale upto 173- 175 if crossed
[09:22]   Amit J : even hathway will rally intraday
[09:25]   Shai : anynews up?
[09:30]   Amit J : Ravi any view what makes this put writers so confident before so many events
[09:36]   Rav : This series was dominated by PE writers from 7800 and now they are at 8500-8600. Prebudget rally and expiry will culminate at 8800-8900 by end Jan
[09:37]   Rav : ce writers covering but not building anything
[09:38]   r m : 8700CE OI going down
[09:42]   Shai : NF again as an OAOR
[09:43]   Shai : above 8612 we are looking at 8633 so that move to 8588 curtails
[09:48]   Shai : BNf delta day highs
[09:49]   Shai : NF initial seller is off now
[09:49]   Shai : buyers getting a foothold
[10:07]   r m : BNF close to 19593, target2
[10:08]   Shai : open rejection revese
[10:09]   Shai : reverse*
[10:09]   Varun : wht does tht imply?
[10:09]   Varun : @shai ?
[10:09]   Shai : longs in control
[10:09]   Varun : hmmm
[10:09]   Shai : came back from morning selloff to test pdh and move up
[10:10]   Shai : BNF is stronger than NF here
[10:10]   Shai : holding 19480 this week can go upto 19791
[10:10]   Shai : purely based on this type of open
[10:11]   RK : and holding 8574 in NF
[10:11]   Shai : that FA of yesterday a better sl in NF
[10:11]   RK : for 8726
[10:11]   Shai : yes
[10:12]   Shai : that trend day volume pointed to 87xx that day
[10:12]   r m : @Varun, here is a pictorial description of ORR 🙂
[10:12]   r m : http://www.leprivatebanker.com/77-open-rejection-reverse.html
[10:12]   Shai : of thursday
[10:12]   Varun : thnks rm 🙂
[10:13]   r m : welcome
[10:13]   RK : RM in layman’s dictionary open trap 🙂
[10:13]   r m : lol
[10:15]   Rav : 8500pe writing is increasing
[10:16]   Rav : 8600ce buying increasing
[10:17]   r m : PCR at 8500 1.71
[10:18]   Varun : wht shld be stop for longs abv 8612
[10:18]   Varun : fr trgt of 33
[10:21]   Varun : @shai ?
[10:22]   Rav : as 8500pe writing and 8600ce buying are on , spot will gyrate +/- 20
[10:28]   Amit J : dish tv at your resistance level shai
[10:28]   Amit J : shai any view above 71.5
[10:29]   Shai : Varun sl will be 8587
[10:29]   Shai : gap fill
[10:29]   Varun : k
[10:29]   Varun : thanks shai
[10:31]   Shai : Excellent view again Amit
[10:32]   Shai : outside chance of 73.6 being hit subject to today’s open drive holding
[10:32]   Amit J : thanks
[10:33]   Amit J : also give your view on hindalco long
[10:34]   Shai : hindlaco looks ready to move up to 155.3 this week
[10:35]   Shai : sl has to be below 138
[10:41]   Kris : Ok Rm – Let us plunge into some real trades 🙂
[10:41]   Kris : 8600PE Got in at 76
[10:43]   r m : OK 🙂
[10:44]   Varun : what is the sl of banknifty buy at 19603
[10:48]   Shai : BNF sl for intra is 10 below vwap
[10:49]   Shai : but carryovers will keep sl at the suggested 19470
[10:50]   Rav : krish..8600pe bough at 76?
[10:53]   Shai : 8623 spot is where last month high is
[10:53]   Shai : Not a question of not getting a reaction down from there, but how much is the bigger Q
[10:54]   RK : Shai better we close there and let bulls and bears come to a conclusion overnight 🙂
[10:54]   RK : mostly it goes in that way only
[10:55]   Shai : 🙂
[10:57]   Kris : SOrry lost connection
[10:58]   Kris : For the PE, IB High +5 points on NF should be SL
[10:59]   RK : HDFC good jump there and at 1205 reistance given by Shai
[11:02]   Rav : NF Positional from 8306 http://www.screencast.com/users/Ravicbe/folders/Jing/media/de4856cd-c46b-4150-8b9b-00f4115d91e5
[11:04]   Rav : bottom circles are copied from US Mkt trend shown frequently in CNBC (P)CRIME TV
[11:05]   Rav : RK:HDFC is fully owned by FII.Thy will use it for shorting and long to control Nifty IMO
[11:06]   RK : Thanks Rav..not known abt it
[11:17]   RK : Shai looking for LT short below 1610..can you pls update levels
[11:20]   Shai : LT is meeting some supply here, but still a difficult short imo
[11:20]   Shai : 1594 below your level shold force more selling
[11:21]   Shai : 1563 is the lower support
[11:21]   RK : Thanks Shai..will wait then
[11:21]   Shai : 1623 plus still has otential to drive it to 1670
[11:22]   RK : fine
[11:50]   Shai : new buyers in NF
[11:57]   Shai : IBH again
[11:57]   Shai : 8627
[12:00]   Shai : 8622- 8623 is like a cross algo order
[12:01]   Shai : 2 opposite camps
[12:10]   Shai : as if human traders were not enough, now machines fighting each other 🙂
[12:11]   r m : 🙂
[12:12]   r m : maybe Schwarznegger will star in a trading movie now!
[12:17]   Shai : 🙂
[12:19]   Rav : 8500pe writing and 8600ce buying go smoothly
[12:20]   Rav : 8600pe writng started now
[12:23]   r m : 8600PE addition above 9 Lakh
[12:24]   Rav : bn heavy pe ce addition above 19500
[12:24]   r m : ok
[12:28]   Rav : pcr 1.74 yesterday 1.69
[12:29]   r m : BNF breaking out like a geyser!
[12:30]   Shai : 8633 has sellers
[12:30]   Shai : intra dayers should book once and wait
[12:31]   Shai : above 8566 the imbalance objective was at 8636 – has been tgt of hypos for 3 days now
[12:32]   Shai : we get good volumes above 8636 now then the auction goes into 8726F objective of the 20L day of thursday
[12:42]   Shai : clash for control at 8634- 36
[12:44]   Shai : spot prints 8623
[13:01]   Shai : (10:53) Shai :8623 spot is where last month high is.(10:53) Shai :Not a question of not getting a reaction down from there, but how much is the bigger Q
[13:01]   Shai : Happening now
[13:03]   r m : 1.2 million 8600PE added
[13:03]   Rav : 8000-8200pe LL
[13:04]   Rav : 8666 SPOT is assured as per option table
[13:08]   RK : typical biggies move..it moves slowly leaving doubt in minds and by the time we get conviction they reverse it :))
[13:12]   r m : yeah, or the train gathers so much speed that only sprinters can catch it 🙂
[13:12]   Rav : Highest Vol at 8600ce and Highest PE Writing at 8600 makes UP
[13:14]   r m : @Rav, so big volumes = demad from buyers?
[13:14]   r m : *demand
[13:15]   Rav : ce buying by traders,pe writing by Biggies
[13:15]   r m : ok
[13:15]   Rav : one can escape and make money here
[13:27]   Rav : RIL SC pushing NF
[13:34]   Rav : 8600ce 102 8500pe writng at 35 closed
[13:34]   RK : 8656 to watch now
[13:35]   Shai : 8677 F next abv 8636
[13:35]   Shai : sl of 8626
[13:43]   Shai : big tF is at play
[13:43]   Shai : careful with traded qty and volumes
[13:44]   RK : after some time both are moving in sync – exactly 1% up
[13:45]   Shai : delta 180 plus gone big positive abv 8637 just recently
[13:50]   Shai : 180 to 66
[13:50]   Shai : that delta is more volatile than NF today
[13:50]   Shai : market orders – all big players
[13:51]   Shai : 5 min vol was 200k- 300k now about 500 k
[13:51]   RK : FP charts changed to 15 min but the volume nos there similar to 30 min charts we had yday
[13:51]   Shai : vol is of 15 min
[13:52]   RK : Yes Shai I refer that only..good volumes
[13:52]   Shai : but that qty is aggressive traded at bid/ ask
[13:53]   Shai : total vol is in the first chart tab just abv 68L
[13:53]   RK : got it
[13:55]   Rav : now 8600pe writing and 8700ce buying
[13:58]   RK : RAV you are right HDFC moved first and its now 5.5% up
[13:59]   Rav : manipulation scrip
[14:00]   Shai : RK traded LT?
[14:00]   Shai : went to 1600 I think
[14:01]   Rav : now bnf will push nf
[14:02]   Shai : 19721/ 19797 are tgts in BNF
[14:02]   Shai : looking good with sl of 19590
[14:03]   Shai : NF has to repiar an anomaly at 8642
[14:03]   RK : No Shai entered into HDFC and Hindalco
[14:03]   RK : HDFC quit and Hindalco on
[14:04]   RK : LT planning above 1623 only
[14:04]   RK : in cash
[14:05]   Shai : 19800 ce has promise with sl just below 120 the prev highs
[14:05]   Shai : tgts in F are 19791/ 19947 this week
[14:06]   Rav : 20000ce buying is hectic
[14:06]   Shai : ok
[14:07]   Shai : above 8677 final obj is at 8727 F- (13:35) Shai :8677 F next abv 8636
[14:08]   Rav : many stocks entered in to SC mode
[14:10]   RK : Rav soon index will also join that mode if at all any shorts are left 🙂
[14:11]   RK : no lookback technically after Rajan’s push
[14:15]   Shai : 19718
[14:15]   Rav : booked bnf
[14:16]   Rav : 8700ce at 64
[14:17]   r m : @RK, many shorts left till yesterday, 74% owned by Clients category 🙂 http://screencast.com/t/daedBxjcw
[14:18]   RK : thats a big no RM
[14:18]   Shai : not many pullbacks more than 14 in NF
[14:18]   Shai : 59 in BNF
[14:19]   Shai : need a sharp down of 28- 30 points in Nf and close at highs
[14:19]   Rav : 1 more hour to go
[14:19]   RK : NF is in nice travel than BNF today..normally on this kind of day, BNF runs like headless chicken
[14:22]   Rav : that spot 8666 came in
[14:23]   r m : yep
[14:23]   Rav : max pain to be soon shifted from 8500 to 8600
[14:23]   Shai : hdfc one way up
[14:25]   RK : it was lying inactive below 1200 in the morning..once it crossed 1200 nice one way up
[14:26]   Shai : 19740 BNF
[14:28]   Rav : time for ongc to enter into SC mode after RIL
[14:30]   Rav : 7800-8300pe money swallowed by writers
[14:31]   Shai : 1 projected tgt on teh monthly already here above 8410 spot – The Monthly charts are now projecting 8673 spot and 8825 as possible targets of the move above 8410- 8445 spot support band on closing basis.
[14:32]   Amit J : shai how do u calculate this projection based on MP
[14:33]   Shai : based on the Monthly profile of last month and the extension down
[14:33]   Shai : will post chart after close
[14:33]   Amit J : thanks
[14:34]   Rav : LT sc
[14:34]   Shai : Month has ten more days to go and is extended dully pricing in the QE
[14:35]   Shai : I think even if we get a gap up for our market it will not stay
[14:35]   Shai : 500 billion euros priced in
[14:35]   Shai : has to be somthing bigger to surprise the market
[14:37]   Shai : I did speak of a trend day yesterday, but the gap up confused matter
[14:37]   Shai : off late all gaps are not closing fully
[14:39]   RK : LT joining the batch
[14:40]   Rav : MAX PAIN hit 8600
[14:40]   Shai : did feel in the morning looking at the chart that LT was a dip buy rather than sell
[14:41]   RK : Yes Shai would have gone for short below 1610 🙂
[14:41]   Rav : sc
[14:41]   r m : BNF at 2IB and NF at 5IB!
[14:44]   Amit J : looks like a expiry day
[14:44]   Shai : 19800 ce was 148 now 203
[14:45]   Shai : surprising move abv 8678 actually Amit- wasn’t pricing on it coming today
[14:45]   Shai : 19790 BNF
[14:46]   Shai : all up lvels coming and going
[14:46]   Shai : have to be careful around 8726 F
[14:47]   Shai : lots of anomalies left by this profile
[14:47]   Shai : so buying a put at the close will be good
[14:49]   Rav : option pointing 8716 spot now
[14:57]   Rav : this 8600-8700ce SC not happening
[14:58]   Rav : once it happens, NF will fly
[15:00]   r m : even now it is almost flying 🙂
[15:00]   Rav : exchange cutting will start now
[15:00]   r m : ok
[15:01]   r m : 8600 PCR above 1
[15:01]   RK : Shai time to announce levels after 8726..bingo 🙂
[15:01]   r m : 🙂
[15:03]   Rav : spot 8716 +25 premium:8741 RK as per option
[15:04]   Shai : RK will buy puts at close of 8500 for 8427 visist with sl above 8771 for tom in F
[15:05]   RK : Thanks Shai..wanted SL only..cannot resist being idle with index after such a move 🙂
[15:05]   Rav : shai ..i am planning to but 8700pe since it has more calls and equal pcr in 8600
[15:06]   Rav : buy
[15:06]   Shai : ok Rav
[15:06]   Rav : ITM
[15:06]   Shai : I’m basing it on a potentail FA revisit
[15:08]   Shai : what has been weird about this trend day is the absence of a pull back
[15:08]   Amit J : shai do u feel 8427 visit possible tomorrow?
[15:09]   RK : I think SL is for tmw but 8427 within expiry
[15:10]   Shai : Amit day 3 today can come before day 5
[15:12]   RK : sorry forgot abt 8427 being FA point
[15:13]   Shai : RK that FA is a very imp study in MP from an auction point of view
[15:14]   Amit J : buy now or wait for close?
[15:14]   Shai : if it does not visist by Mon then 8427F will become like the 7723 of last yesr
[15:14]   Shai : can buy here Amit
[15:14]   Shai : Obj is done
[15:15]   Rav : 8700pe bought at 67.50
[15:16]   Shai : 20 point pull back nw
[15:16]   Shai : but more to do with the system forcing longs of the day out
[15:17]   Amit J : suzlon buy fast
[15:20]   Shai : ok
[15:20]   RK : Shai noted about 8427
[15:24]   Shai : 1st objective tomorrow is to take out the anomaly at 8642 F
[15:24]   Shai : 8658F may come in the way
[15:25]   Shai : any potential gap up or early morning drive should not stay above 8770 F now for that to happen
[15:30]   Shai : 8712/ 19815
[15:30]   Shai : Bye all
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : have a nice evening
[15:31]   Porus : bye all
[15:31]   Amit J : bye