OrderFlow charts and Notes 25/02

[08:51]   r m : Good Morning folks!
[08:52]   r m : http://vtrender.com/levels-and-plan-for-25th-feb/
[08:52]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-2402/
[08:52]   Porus : GM RM and all
[08:52]   r m : Nifty FEB Futures Key Reference Area (KRA) 8805 Hypo1 above 8826➜8875➜8936 SL 8801 Hypo2 below 8799➜8760➜8735 SL 8826
[08:52]   r m : Hi Porus
[08:52]   r m : Banknifty FEB Futures KRA 19065 Hypo1 above 19065➜19168➜19235 SL 18995 Hypo2 below 18965➜18812➜18755 SL 19007
[08:53]   r m : SGX Nifty MAR Future trading at 8852 (+27)
[08:55]   Shai : GM all
[08:57]   Sharad : GM all
[09:03]   Tejpreet : Gm All.
[09:05]   RK : Gm all
[09:08]   Kris : GM All 🙂
[09:08]   Kris : @Shai – is it safe to assume that till 8802 is crossed comfortably, bulls are not out of woods in this series?
[09:09]   Varun : gm kris
[09:11]   Kris : Gm Varun, RM 🙂
[09:12]   r m : Hi Kris 🙂
[09:13]   Rav : rm..it is 8802 in sgx
[09:13]   r m : @Kris, yes KRA 8805 is bias decider
[09:13]   Kris : @Rav – so what is your take on expiry?
[09:13]   Rav : 8950
[09:14]   r m : @Rav, yes, I quoted SGX March Future
[09:14]   Rav : nf lbu bnf sbu..so bnf is likelt to have extended sc
[09:15]   Shai : 8826 scene of the crime
[09:15]   Shai : abv 8802 Mon shorts under pressure
[09:16]   Shai : looking at 8930 F if 8802 holds all day
[09:18]   Kris : let us take a few peanuts infront of a roller 🙂
[09:19]   r m : I was wondering what caused the volume spurt in 8800PE 🙂
[09:20]   Rav : 8800 ab entire pe ce under LL
[09:21]   Rav : 8700ce 93 is now booked at 125
[09:21]   Shai : keep a trigger of 2-3 points abv the 8826 buy Number
[09:21]   Shai : can jump up
[09:26]   Rav : 8700CE 140 Fully booked
[09:26]   Rav : bnf 100% sc is done and now LBU
[09:27]   Shai : liitlle more buying vol required in NF
[09:27]   Shai : but low of the day looks protected
[09:29]   Shai : Maintian 8796 as Sl for rest of the day
[09:30]   Shai : BNF tgt 19170
[09:31]   r m : big seller at 8840
[09:31]   Varun : think so the guy who was buyin at 8760 ystrday
[09:32]   Rav : ce writers
[09:32]   Shai : could be
[09:32]   Shai : Open drive meeting sellers
[09:32]   Shai : But we watch vwap all day now
[09:32]   Shai : as it just creates a further upmove
[09:33]   Shai : Two big volumes at 8726 and 8760 yesterday in last hour
[09:33]   Shai : Buy vlumes
[09:34]   Shai : 8816 another big volume today
[09:35]   Shai : 8839 now is the bigger seller
[09:36]   Shai : keep tracking volumes above 80000- 100000 as many times they are directional
[09:36]   Varun : so this seller can lead to a rejection of open drive ?
[09:36]   r m : if buyer does not protect the vwap
[09:36]   RK : such volumes has a tendency visit vwap
[09:37]   Varun : gr8
[09:38]   Shai : want to see little more buy side volumes in NF- (09:27) Shai :liitlle more buying vol required in NF
[09:39]   Shai : It’s a great Open to see 8940 again
[09:39]   Rav : 8850 is imminent immediately
[09:41]   r m : WWF match at 8834 🙂
[09:41]   Varun : shankar sharma vs sameer arora
[09:42]   r m : lol
[09:42]   r m : it has been ages since I heard those jokers 🙂
[09:42]   Rav : 8850ce are shedding down and hence 8850
[09:42]   r m : @Rav, spot you mean?
[09:42]   Varun : ss comes only on etv
[09:42]   Varun : sameer arora u find every week
[09:42]   Rav : yes rm
[09:42]   r m : Thanks Rav
[09:43]   r m : Varun, I stopped watching TV when I realized that most of us here know much more than the guy on TV 🙂
[09:43]   Varun : 😉
[09:43]   Varun : contra indiactors
[09:44]   Varun : indicators*
[09:44]   r m : yeah 🙂
[09:44]   Rav : 8800-9300 pe ce unde LL. hence no stop for Nifty
[09:44]   r m : @Rav, you mean it will take wild swings?
[09:44]   Varun : @rav so u mean 8850 a resistance
[09:45]   Varun : and abv tht no stop or wht ?
[09:46]   Rav : there is no Res and nor Support. Lockless House.
[09:47]   r m : 🙂
[09:48]   Rav : but at 8700.Military support is there
[09:48]   Sharad : then Ravi volatility will be higher
[09:48]   r m : @Rav, all artillery lined up at 8800? 🙂
[09:48]   Rav : exactly as pe writers took control since 1 p.m yesterday
[09:49]   r m : ok
[09:49]   Varun : huge sellers in 4 consecutive candles in nf
[09:50]   Rav : bn 19000 and 19500 ce buying seen
[09:50]   Rav : SC may be extended till 19500 once spot and max pain of 19000 crosses
[09:51]   Shai : Open drive fading out but vwap holding
[09:51]   Shai : Had this not been expiry week this open would have been at 8875 now
[09:51]   Varun : if vwap breaks major fall could come due to those big sellers ?
[09:51]   Varun : @shai
[09:52]   Shai : could drop to day low below vwap Varun
[09:52]   Varun : should we wait for vwap and red
[09:52]   Varun : to short
[09:52]   Varun : pink
[09:53]   Sharad : vwap going…
[09:53]   Shai : wait for pink
[09:53]   Sharad : ok
[09:54]   Shai : 8816- 8840 have opposing volumes on the FP chart
[09:55]   RK : looks like Mirror image
[09:56]   RK : If it has to go up 8816 buyer shouldnt give up..
[09:56]   Rav : bnf 30% rollover at 19150
[09:57]   Shai : BNF weakening
[09:58]   Shai : Now shorts adding in NF
[09:59]   Shai : upto the 8816 buyer to support NF now
[09:59]   Shai : could be range bound now as IB closes
[10:01]   Shai : Positionallly I’ll still go with 8940 from here with sl maintained at day low of 8795 as the preferred auction mode
[10:02]   Shai : from an epiry perspective 8875 F seems to be a nice place to cose the settlement
[10:03]   Shai : but the Month end can still be 9035 spot as we have been maintaining
[10:04]   Shai : One day difference but for us it is a fri + Month end close
[10:05]   Rav : bn is still in bull zone
[10:05]   Rahul G : shai s the room going to open on sat
[10:14]   RK : big sellers in BN
[10:15]   Sharad : yes but price not moving
[10:15]   RK : but price not coming down..may be using the dips to cover the shorts..
[10:15]   RK : Yes Sharad
[10:15]   Sharad : started down
[10:16]   RK : following hypos today may pay well
[10:16]   RK : I mean following all hypo levels
[10:19]   r m : @RK, I can see the “Arujuna’s” eye on 18965 🙂
[10:20]   Rav : bnf is still in LBU though last 30 min witnessed SBU
[10:20]   RK : Yeah RM..and price action looks strange here..seems another day to grip the pockets
[10:20]   RK : :))
[10:20]   r m : lol
[10:20]   Rav : bnf enters into bull zone
[10:22]   Rav : fight is between 19100pe and 19200ce. As max pain is at 19000, no issue
[10:29]   Rav : 8800 max pain and PCR of 1+ will be major support now. Interestingly in 8700,pe writing ce SC happening
[10:31]   Kris : hmm… loads of red in NF – evidently not Shai – he wants 8970 – who else it can be?
[10:33]   Sharad : yes Kris all delta in 5 min red
[10:34]   Kris : @Shai – so below 8795, you do not mind a visit to 8680?
[10:34]   Sharad : 8827 huge red selling
[10:34]   Shai : 8816- 8839 – 2 hvn’s holding price action
[10:35]   Shai : yes lots of red on screen now
[10:36]   Shai : Bears trying to defend at the 8826- 8834 zone they took over on Mon
[10:37]   Varun : @shai so much red and still price not falling
[10:37]   Varun : normally should be instant
[10:37]   Varun : ?
[10:40]   Shai : Not really sometimes it is non- directional
[10:40]   Shai : only the big volumes are directional
[10:40]   Shai : these voudl be jobbers/ scalpers/ intra dayers
[10:40]   Shai : *could
[10:40]   Varun : thnks shai 🙂
[10:42]   Shai : http://screencast.com/t/vo7oZRuVvGB
[10:42]   Shai : questions as always : who is doing a better job?
[10:44]   Varun : i lac sellers coming like peanuts 🙂
[10:44]   Varun : 1
[10:44]   Shai : yes elling increasing
[10:45]   Shai : intra short below 8715 tgt 8796 sl of 8831
[10:45]   Shai : intrs below 8815***
[10:48]   Rav : NF longs unwinded in the form of big selling and rolled over to March
[10:50]   Varun : @shai can u chk whether thes sellers were buying march
[10:51]   Rav : bn again into bull zone
[10:51]   Shai : No sellers in March also
[10:54]   Rav : NF LBU in Feb and Mar . what does it mean? Feb new buyers entering and Mar New addditons along with rollover happening to the tune of 12%
[10:56]   Shai : we are adding longs abv 8838 F
[10:56]   Shai : at some stage this seller will be psuhed back if 8816 does not break
[10:56]   Shai : BNF vwap cross needed
[10:56]   r m : stop for these longs will be 8816?
[10:56]   Shai : yes
[10:56]   r m : Thanks
[10:57]   Shai : 8816
[11:01]   Tejpreet : 8800 CALL brought at 46
[11:02]   Tejpreet : SL 8790.
[11:03]   Shai : quite a lot of premium in that call considering expiry is tom
[11:04]   Tejpreet : true just small quantity better than playing futures with expiry volatility around the corner.
[11:05]   Rav : 8800ce is ITM sl is spot 8774 T 80
[11:05]   Tejpreet : Thanks Rav…was looking for 70.
[11:06]   Shai : buyers in NF now
[11:07]   Shai : In Mar aslo now
[11:08]   Shai : March FP chart on extreme right
[11:11]   Tejpreet : Brought sbi 300 call at 3.1
[11:13]   Tejpreet : sbi n icici should move if bn needs to move.
[11:14]   Rahul G : shai in this move down the buyer at 16 increased and more were addded at 14 and 18
[11:14]   Rav : SBI 300 PCR is 0.37
[11:16]   Tejpreet : And max option pain in SBI.
[11:20]   Shai : Yes rahul – he held his original and looks to have added
[11:20]   Shai : as a rule abv VAH pay attention to buy volumes and vice versa
[11:22]   Shai : more buyers inNF
[11:22]   Shai : 8839 is that old seller
[11:22]   Rav : 300
[11:26]   Tejpreet : Tthanks.
[11:33]   Rav : SBI LBU now
[11:34]   Rav : when bnf crosses 19120, call may be booked
[11:34]   Tejpreet : OK..thanks.
[11:40]   Shai : NF not ready to break out yet
[11:40]   Shai : sellers coming back
[11:41]   Rav : wipro b/o above 660
[11:49]   Rahul N : @shai can we buy 8900 ce?
[11:50]   Shai : Suggest a March 9000 ce – hold till fri or early at morning
[11:50]   Shai : sat*
[11:50]   Rahul N : ok
[11:53]   Shai : 8843- 8896 is value area of last week also
[11:53]   Shai : so can add for an easy 50 points above 8843 with sl below 8817
[11:53]   Shai : 80% weekly trade
[11:59]   Shai : If this vwap breaks again in NF then we may go lower that 8814 this time
[12:19]   Rav : 8800ce booked at 57
[12:19]   Rav : feel like sleeping in this choppy session
[12:20]   r m : zzzzzz 🙂
[12:23]   r m : bn wakes up
[12:23]   Rav : ITC sc on as rollover seen at 70%
[12:24]   Rav : YES RM
[12:26]   RK : why is that THUD in BN RM? 🙂
[12:27]   RK : seems you grabbed with both hands there at lows two huge buyers 🙂
[12:27]   r m : 18965 ka magic effect 🙂
[12:28]   RK : am not in..don’t want to go against Shai today :))..let NF shows path today to travel further 🙂
[12:28]   RK : HDFC clears high is good news for longs 🙂
[12:29]   r m : ok 🙂
[12:30]   Rav : bn rollover cuts
[12:30]   Rav : still LBU in feb
[12:32]   RK : Rav when will you complete your rolllover and writing process.pls enlight so that we can key in orders :))
[12:32]   Rav : no rollover this time due to sat budget
[12:33]   Rav : except IT counters
[12:37]   Rav : 12-12.30: NF LBU BNF LU
[12:38]   RK : Yday that late selloff started from 18915..
[12:45]   RK : day’s highest buy volume is placed at day low now..right RM?
[12:46]   r m : yes
[12:46]   r m : 8822
[12:46]   RK : sorry..BNF
[12:46]   RK : FPchart
[12:47]   r m : ok
[12:47]   r m : i always think of POC when it comes to day’s highest volume 🙂
[12:47]   RK : don’t scare 🙂
[12:48]   r m : lol
[12:48]   RK : pls wait someone will make more buy around 19050 🙂
[12:48]   r m : i mean dpoc
[12:49]   r m : because current day’s highest volume is supposed to be dpoc
[12:49]   Rav : LU happening. Weak players selling and strong hands buyin for 45 min
[12:50]   RK : Yes RM..thats what am saying someone will make more buy around 19050 to invalidate voloume at low 🙂
[12:51]   r m : 🙂
[12:52]   Shai : Vah defended in BNF andnow bcak to vwap
[12:53]   RK : took a chance with less RR there..vwap band+huge buyer pushed to buy there..
[12:53]   RK : i mean better RR there
[12:53]   r m : good one
[13:00]   Rav : 18 lcas 8000pe is defending Nifty heavily
[13:00]   Rav : RK..What is RR?
[13:00]   RK : risk reward Rav
[13:01]   Rav : BNF LBU
[13:01]   Rav : That is RRR Risk Reward Ratio. Thought otherwise
[13:02]   Porus : Rav, why 8000pe? Isnt it too far out?
[13:02]   Rav : Tej sbi crossing 300 T 303.50
[13:02]   RK : trailing SL to IBL
[13:02]   Rav : Sorry 8800pe
[13:04]   Porus : Rav, is there a chance of bulls taking over 8900, since pcr is only 0.3?
[13:04]   RK : RAv cut out ratio :).. last bench student in a MBA class 🙂
[13:05]   r m : NF seller back on duty!
[13:05]   RK : they are keen to save around 8840
[13:05]   Tejpreet : yes holding Rav.
[13:06]   Rav : that 61 lacs 8900ce is big Resistence till its value of 13 becomes single digit by 2 p.m.Then…
[13:07]   Rav : 9000ce became 2 and tomorrow whatever be the nifty value,it will be zero
[13:12]   r m : Pre-Europe spike
[13:13]   Shai : buyers again at 8815
[13:16]   Rav : 8900ce became single digit
[13:20]   Vishal : 8805 defending
[13:23]   Varun : @rm whr is upper wvap band in nf
[13:23]   Varun : and bnf
[13:24]   r m : 8849 and 19119 on my charts
[13:25]   Varun : thanks rm
[13:26]   r m : welcome
[13:26]   Rav : 8847 and 19059 here
[13:26]   Varun : hw cme diff in bnf
[13:26]   Varun : @rm @rav
[13:27]   Varun : is sd same ?
[13:27]   r m : sd3
[13:27]   Rav : 19108 is sd3
[13:28]   Varun : u use sd2 @rav ?
[13:28]   r m : ok
[13:28]   Rav : sd 1,2,3
[13:28]   r m : @Varun, Ami and Ninja values differ, guess different ways of calculating
[13:28]   Varun : ok
[13:29]   Rav : sd1 sd2 are bull bear buy sell zone and sd3 for band expansion and contraction
[13:29]   Varun : cool
[13:29]   Varun : so buy abv sd1-2 and square off at sd3
[13:30]   Rav : no
[13:30]   Varun : then?
[13:35]   Rav : 18800 is strong support and play is between 18900-19000 max pain
[13:40]   Varun : 3 back to back weak sellers in bnf
[13:41]   r m : 2 hours left for NF to convert a Normal day (so far) into abnormal 🙂
[13:47]   Rav : 18953-18905 was in SBU for 30 min. SC may set in above 18960
[13:49]   r m : 18965-19065 are Shai’s No men’s land – the area between hypos 🙂
[13:54]   r m : seller not doing a good job and buyer is on furlow 🙂
[13:55]   RK : seems they heard you RM:)
[13:55]   r m : 🙂
[13:56]   r m : should have bought puts before chiding the seller 🙂
[13:57]   r m : uploaded Stocksevels file in Document folder, will update it with stock levels given by Shai from time to time
[13:57]   r m : *Stockslevels
[13:58]   r m : vwapband is no expanding
[13:59]   r m : Kris had it his way finally 🙂
[14:00]   r m : VAH cometh
[14:01]   Shai : yesterday buyers are at 8760
[14:02]   Shai : buying coming into this dip again
[14:02]   Shai : above 8796 buy again with sl of day low
[14:06]   Rav : testing 18800pe
[14:08]   Shai : 8766 poc and prev vwap
[14:09]   Shai : buyers in NF from 8796 to 8766
[14:09]   Shai : safe only if 8796 is crossed
[14:11]   Shai : counter trend long 8780 with sl of 8762 for 8807/ 8835
[14:16]   Vishal : shai 8763.10
[14:16]   Vishal : low
[14:16]   Vishal : super
[14:16]   r m : bnf reached objective of hypo2 at 18812
[14:16]   Shai : BNF cut shorts
[14:17]   Sharad : Shai 18784 VAL possible ?
[14:18]   Shai : getting risky short
[14:18]   Sharad : already short from vwap
[14:19]   Shai : ok butcan bounce back to 18913
[14:19]   Sharad : ok
[14:21]   Sharad : covered @ 18835
[14:23]   Shai : NF 8784 cross now will send it up to 8807
[14:24]   Rav : bought 8800ce at 28 with NF
[14:24]   Shai : BNf looks better actually
[14:24]   Shai : on longs
[14:27]   Shai : 8820 is the seller from the top today
[14:28]   Vishal : sir bought 8800 ce at 25.5? what stop to keep
[14:31]   Shai : sl around 15 I think
[14:31]   Vishal : ok
[14:31]   Vishal : thanks
[14:31]   Porus : Rav, what prompted the 8800ce buy?
[14:35]   Rav : Max pain at 8800
[14:36]   Rav : and pcr of 3.25 at 8700
[14:36]   Rav : spot will not get crossed 8750
[14:37]   Rav : are assumptions based on data
[14:37]   Porus : ok
[14:38]   RK : RM thanks for adding that stock levels in docs..
[14:39]   Shai : lift up only abv 8784 vah
[14:39]   r m : @RK, welcome
[14:47]   Shai : BNF FA at 18723 only supp for the bull
[14:47]   Shai : positional.
[14:48]   Sharad : Shai if 18723 goew then what price can come ?
[14:48]   Shai : 18610/ 18418
[14:48]   Sharad : by tomorrow ?
[14:49]   Shai : 18400 weekly spot is the big support break of which can give 2000 points
[14:49]   Shai : can come by friday as it is abv ATR
[14:49]   Shai : but anything can happen i expiry
[14:49]   Sharad : ohhhh so 18400 we can expect great ..
[14:49]   Shai : that 19000 p is under pressure
[14:49]   Shai : pe*
[14:52]   Shai : sl taken in NF longs
[14:52]   r m : 8760, hypo2 objective
[14:55]   Sharad : yesterday low 18723
[14:56]   r m : 80% done by NF
[15:01]   Shai : yes .
[15:01]   Shai : no reduction yet in 19000 pe
[15:01]   Varun : prety late in the day
[15:01]   Varun : but did 80
[15:01]   Varun : i was not expecting after opening outside value
[15:01]   Varun : but then who am i 😉
[15:02]   Rav : 8750 spot got spared
[15:02]   Shai : yes should have probed up hence the harp liquidation below 8804-8795
[15:02]   Shai : sharp*
[15:02]   Rav : pure LL and rollover
[15:02]   Varun : even the wvap bands extended
[15:03]   Varun : showing strenght in fall
[15:03]   Shai : 8750 is vwap of the settement
[15:03]   Shai : current Feb
[15:03]   r m : but developing value did not come down
[15:07]   Varun : shai dpoc still up
[15:07]   Varun : fr bth bnf anf nf
[15:08]   Varun : could reject these price tmrw ?
[15:08]   Shai : Tom dictated more by settlement
[15:08]   Varun : k
[15:08]   Shai : maybe today also
[15:08]   Shai : vwap is around here and may close this band of 8750- 8800
[15:09]   Varun : but if this happens in normal case, it means unacceptance of the price
[15:09]   Varun : if dpoc doesnt change with price
[15:09]   Varun : ?
[15:09]   Shai : It means that the market is still in ibalance and value not accepted here
[15:10]   Varun : ok
[15:10]   Shai : can continue here tomorrow or sharp rise back to poc tom
[15:10]   Varun : so can go either way
[15:10]   Shai : can continue in range I menat
[15:10]   Shai : meant*
[15:10]   Varun : k
[15:10]   RK : cements in sharp rise
[15:18]   r m : NF delta reduced from 733k to 40k
[15:18]   r m : -733k to -40k
[15:25]   Shai : BNF closing at lows
[15:25]   Tejpreet : @shai how abt going long in BN in march series. as contra trade.
[15:27]   Shai : don’t have levels for March yet, but siggest wait out the open tom
[15:27]   Shai : we are closing at FA point and you can use today low + 60- 7 as sl
[15:27]   Shai : 60- 70
[15:27]   Tejpreet : OK..thanks.
[15:28]   Shai : perosnally I’m more comfy with spot abv 18800- 18830 for longs
[15:28]   Rav : BN generally attacks short sellers with gapup opening
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Tejpreet : Bye All.
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice evening
[15:31]   Sharad : Bye all