OrderFlow charts and Notes 21/01

[08:57]   Sharad : GM all
[08:58]   r m : Good Morning folks!
[08:58]   r m : http://vtrender.com/levels-and-plan-for-21st-feb/
[08:58]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-2001/
[08:59]   Porus : M all
[08:59]   r m : NF Hypo1 above 8728➜8768➜8813 SL 8703 Hypo2 below 8701➜8666➜8643 SL 8734 JAN Future levels
[08:59]   r m : BNF Hypo1 above 19749➜19870➜19949 SL 19705 Hypo2 below 19725➜19633 SL 19749 JAN Future levels
[09:00]   r m : Results today – ITC
[09:00]   RK : GM RM and all
[09:00]   r m : Hi RK
[09:08]   Amit J : gm
[09:10]   Shai : Gm all
[09:12]   Shai : Pre market shows Nifty up
[09:12]   Shai : Likely to operate 8768- 8723
[09:12]   Shai : F
[09:13]   Shai : weakness is below 8703 F only which is our key ref area for today
[09:14]   r m : USDINR in open drive
[09:17]   Sharad : yes RM 61.40 Shai target first then 61.10/ 61.20 mine
[09:18]   Sharad : looks ithis should be final till tomorrow before ECB meet
[09:18]   r m : ok
[09:20]   Shai : yes 61.10 possibility there Sharad
[09:21]   Amit J : shai any possibility of fa testing which u mentioned yesterday.
[09:23]   Shai : open till friday
[09:24]   Shai : 8542 and 8427 both FA’s
[09:24]   Shai : 8542 open till Mon/ tues
[09:24]   Shai : 19947 BNF
[09:25]   Shai : that 19800 ce doubled
[09:25]   r m : BNF thru with target2 of hypo!
[09:25]   Amit J : ok
[09:26]   Amit J : zee buy
[09:27]   Shai : ok
[09:27]   Shai : some news from the steel ministry also regarding LNG
[09:29]   RK : Shai Dr.Reddy has any short sign
[09:29]   RK : LT moves..got in around 30
[09:29]   Amit J : dr reddy can correct on natco news
[09:29]   RK : thanks Amit
[09:30]   Amit J : LNG wala fake rumor hai.
[09:30]   Amit J : zee any levels shai
[09:31]   Shai : dr reddy 3256 imm supp followed by 3200
[09:31]   Shai : prefer short below 3256 only
[09:32]   RK : resistance Shai?
[09:32]   RK : today low is 3252 in cash
[09:33]   Shai : zeel 399/ 405 are objectives
[09:33]   Shai : supp around 387
[09:35]   Shai : RK res is higher at 3371 but abv 3293 can run back upto 3330 easily
[09:35]   RK : thanks Shai
[09:35]   Shai : may visist 3290 I feel if that 3250 holds
[09:35]   RK : will short below day low
[09:36]   Rahul G : shai vwap in nifty
[09:38]   Shai : thanks Rahul
[09:40]   Shai : BNF on fire
[09:41]   Shai : earky supp at 19940 now
[09:41]   Rahul G : so shai this is a trend day with a look at vwap rgt
[09:42]   Shai : yes looks like a drive
[09:42]   Shai : watch dev value high 19965 now
[09:43]   Rahul G : ths at 965 now rgt
[09:43]   Shai : if it wants to trend up it will stay above that line
[09:43]   Shai : of course vwap protects these morning buyers
[09:44]   Shai : and all dis to vwap are buys with small sl below
[09:45]   Rahul G : shai do you have the link for the result calendar
[09:47]   Shai : No Rahul , but I think there is 1 on money control
[09:47]   r m : http://www.moneycontrol.com/earnings/results-calender.html
[09:47]   Rahul G : thanks shai and rm
[09:48]   r m : I find this one more convenient though, it lists only few important companies http://content.icicidirect.com/mailimages/openingbell.pdf
[09:48]   Amit J : go to iifl website and result calender
[09:49]   Rahul G : thanks guys
[09:51]   Shai : dpoc moes up
[09:52]   Shai : BNF morning move may be over but still upwards bias
[09:52]   Shai : now looking at 20103 above 19930 on this volume
[09:59]   Shai : 8768 was the prjected level avc 8723
[09:59]   Shai : at 134 + 34 today we have run up 170 almost with no pullback bigger than 20 points
[10:00]   Shai : be careful with position size as swift profit booking may come
[10:00]   Shai : IB almost over and time for the market to settle down
[10:02]   Shai : ECB is a big event risk and most common sense traders prefer cutting risk and reducing leverage ahead of such
[10:03]   RK : Obama too given a pep talk and expressed his joy about stock markets are doubled 🙂
[10:03]   Shai : 🙂
[10:04]   Shai : the markets had plunged when he took over the first term
[10:04]   RK : Yes in a very bad way
[10:04]   Rav : itc -1%
[10:04]   RK : week by week very poor economic data ten
[10:04]   RK : then
[10:16]   Rav : 8700pe bought in at 57.50 yesterday at 67.50
[10:17]   Rav : too
[10:25]   Porus : Amit, suzlon Press conf at 6.30 today? Do you have a price target?
[10:26]   Amit J : give me some time will update
[10:31]   Porus : Thanks
[10:47]   Rav : short started
[10:53]   Varun : profile nt updating
[10:54]   Shai : ?
[10:54]   Varun : nw fine
[10:56]   Shai : ok
[11:00]   RK : RAv good timing of that 8700 PE buy
[11:01]   Rav : ITM is best
[11:02]   Rav : 8700+800 ce:82 lacs and pe is 45 lacs so 8700-8680 spot is assured
[11:03]   Amit J : 80% nifty
[11:05]   Shai : watch 8703
[11:06]   Shai : vwap bands
[11:07]   Varun : below 8703 short oppurtunity ?
[11:07]   Shai : yes
[11:07]   Shai : hypo 2
[11:09]   Shai : 8725- 27 is the selelr
[11:09]   Shai : 8709 showed buyers’
[11:12]   Shai : stil no sellers – 8726
[11:15]   Shai : Potential failed auction if that seller is forced to cover abv 8731
[11:15]   Varun : whts dpoc
[11:15]   Shai : 8734
[11:16]   Rahul G : shai many failed auctions comming in in the last week
[11:16]   Shai : huge amount of buying came as we went under 8710
[11:16]   Rahul G : what does this suggest
[11:16]   Shai : visisble on any 5 min candle
[11:16]   Shai : Yes Rahul similar to what happened at 8543 the other day
[11:17]   Shai : hence mentioned potential failed auction
[11:17]   Rav : 8707-8722 is that candle
[11:17]   Rav : of 5 min
[11:17]   Shai : we can buy abv 8734 for 8755
[11:18]   Shai : yes Rav
[11:18]   Rav : where 8800ce buying and 8700pe writing heavily emrged
[11:18]   Rav : emerged
[11:19]   Shai : those buyers have to take out 8734 to be safe in F
[11:19]   Rav : 8700pe written heavily at 73-75 so we exited safely
[11:19]   Shai : else they will cover on price probe below 8703
[11:20]   Rav : 8700ce SC and 8700pe SBU..Confusing nifty
[11:24]   Rav : most of the retail buyers will cover options before 3.30 since today is 21
[11:27]   RK : after ITC result seems HUL result is somewhat justified..
[11:28]   RK : its moving up
[11:28]   RK : Shai any promising levels there for HUL?
[11:30]   Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/c81fc8c5-df79-41eb-aac8-f78ae39a84b1
[11:34]   Shai : Hll can move upto 947 and possibly 975
[11:34]   r m : Thanks Rav
[11:35]   Shai : sl is still 880 but
[11:35]   Rav : wc rm
[11:36]   RK : Thanks Shai
[11:47]   Rahul G : rav this link is not working
[11:47]   Rahul G : (11:30) Rav :http://www.screencast.com/users/Ravicbe/folders/Jing/media/c81fc8c5-df79-41eb-aac8-f78ae39a84b1
[11:48]   Rav : got deleted accidentally,it seems
[11:48]   r m : it worked earlier, now not working
[11:48]   Rahul G : shai views on canbk
[11:49]   Rahul G : ooh okay no problem then
[11:52]   Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/bcf15d75-67a4-4a9a-bfa9-f0efae2e5396
[11:52]   Rav : updated one
[11:53]   Rav : selling 8700pe
[11:54]   Shai : canbk 465 supp obj is 479
[11:55]   Shai : hasn’t had good vols since 15th so try avoiding big qty
[11:59]   RK : LT close to 1670 now
[12:00]   Rav : T 1681 Having positions RK
[12:00]   Rav : IN fUTURES
[12:00]   RK : Yes Rav..planning to book at 1675
[12:02]   Rav : Positional T 1850
[12:03]   RK : Shai’s level is 1670 in cash
[12:04]   RK : great Rav.
[12:05]   Rav : 8700pe 71 is now 60 now.writers palying
[12:05]   Rav : i am with LT chart before me
[12:07]   RK : ok
[12:08]   Rav : 8800ce buying
[12:10]   Rav : they are again using hdfc!
[12:11]   RK : Yes Rav the rotation is smooth
[12:11]   RK : Dr.Reddy, LT, now HDFC
[12:11]   RK : one scrip at a time and it stagnates there then jump to next scrip 🙂
[12:12]   Rav : hdfc is the heavy weight and not other two
[12:12]   Amit J : MO is stable in the entire rally
[12:16]   RK : LT has 4.3 weightage but Dr.reddy is 1.4 only
[12:16]   RK : Hdfc 6.#%
[12:18]   RK : 6.4%
[12:18]   Amit J : delta from days high to low
[12:26]   Rav : bn went into sideway as axis and icici are down
[12:45]   Amit J : very bad nos itc
[12:54]   Amit J : booked zee
[13:50]   r m : dax slightly negative
[13:53]   Shai : 8742 8744 seeing buyers
[13:55]   Shai : that FA at 8707 is not yet confirmed thouugh we have stayed abv IBL since
[13:56]   Shai : it needs a 8760 cross
[13:56]   Shai : Both profiles are centered and in all probability should look to close at vwap
[13:57]   Shai : tom afternoon is the ECB speculative play
[14:01]   RK : DRREDDY 3330 done
[14:02]   Shai : 🙂
[14:02]   RK : HUL from 220 to 230
[14:03]   RK : *920-930
[14:04]   RK : RAV after we discussed LT is stuck 🙂
[14:06]   Rav : it is bullish and buy mode in daily chart
[14:06]   RK : Yes
[14:06]   Rav : nf bnf – sideway in tight band
[14:08]   Rav : sideway is good for option writers steadily
[14:09]   Rav : from 8700pe, thry shifted to 8600pe to create big support
[14:10]   Rav : ITC is compensated by IT
[14:25]   Amit J : how is vol here. reaution mean no FA right?
[14:25]   r m : no FA
[14:38]   Shai : NO Fa
[14:38]   Shai : another 1 hour to go but still close at vwap is the best scenrio today
[15:14]   RK : HUL exit at 945
[15:15]   RK : suffocation exit
[15:15]   r m : this is some new rule based exit? 😀
[15:15]   RK : and 947 done Shai on cash – Cheers 🙂
[15:16]   RK : Yes RM..entry at 918 so trailing with suffocation 🙂
[15:17]   r m : 🙂
[15:26]   RK : index 4th day clsoing up
[15:27]   r m : 5th
[15:27]   Shai : vol avg
[15:27]   Shai : more vol came in first hour
[15:28]   RK : yes RM 5th
[15:28]   Shai : NF looks like some longs unwinding
[15:28]   Shai : that 8750- 55 shows selling
[15:29]   r m : 8800CE OI went down
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : Bye all
[15:30]   Shai : have a nice evening
[15:30]   RK : Thanks and Bye all
[15:30]   Porus : bye all