OrderFlow charts and Notes 25/08/14

Aug_NfAug_Bnf

 

General Chat Transcript

 

Room Name: Vtrender
Date and Time: August 25, 2014 09:22:30

[08:56]   r m : Good Morning folks!
[09:01]   Shai : Gm all
[09:01]   Shai : http://vtrender.com/levels-and-plan-for-25th-aug/
[09:03]   Sumit : gm Shai, rm
[09:04]   r m : Hi Sumit
[09:05]   Sumit : rm the great, how r u sir?
[09:08]   r m : I am fine Sumit, not great just fine 🙂
[09:09]   Sumit : :). a great person doing just fine
[09:09]   r m : lol
[09:13]   Kathir : Good morning Shai RM sumit and all 🙂
[09:13]   r m : Hi Kathir 🙂
[09:13]   Kathir : @sumit great persons always speak like this only 🙂
[09:14]   r m : 😀
[09:14]   r m : Sometimes greatness is conferred on unwilling ornery folks 🙂
[09:14]   Kathir : 🙂
[09:18]   Sumit : gm Kathir
[09:19]   Sumit : very true Kathir
[09:19]   Shai : Ref lines at open are at 7921
[09:20]   Shai : 7940 NF to 7965 is an easy trade with sl below 7920
[09:28]   Shai : BNf headed to 16030 sl of 15850 vah from here
[09:29]   Shai : Open looks to be a drive and vwap will be important all day
[09:36]   Kathir : @RM shai’s 15800 ce almost 200 now
[09:36]   Shai : If you entered BNF at 15900- 910 put a part book order at 15960
[09:38]   r m : @Kathir, yeah, that one finished its business on Friday as per schedule 🙂
[09:38]   Kathir : for a change i enterred NF today 🙂
[09:38]   r m : party changed? 😀
[09:39]   Kathir : yeah ge 🙂 just an info..may of shai was available on friday there might had been some changes
[09:39]   r m : ok
[09:40]   Kathir : @RM nithish joins laalu..like that i joined nf..sure it is not permanent 🙂
[09:41]   r m : yeah, opportunism is the buzz word in trading and politics 🙂
[09:42]   Sumit : how do I refresh the screen without logging out
[09:42]   Sumit : net problem
[09:43]   Kathir : 🙂
[09:43]   Kathir : @Shai do i exit NF or trail SL
[09:44]   r m : @Sumit, click on the blue cross sign on top right corner, and chose “click to reload”, it will take some time to reload
[09:45]   Sumit : ok thanks
[09:46]   Shai : Kathir can book part and trail now 5 points below vwap alll day
[09:46]   Shai : even in BNF suggest booking aprt and bringing thaty sl to 15870 on rest
[09:47]   Kathir : ok thanks
[09:47]   Shai : Hypo1 has broadly played out even though we did not get much time near 7925
[09:48]   Shai : “\Hypo1 ) If we open and stay above vwap of 7921 then NF can go upto 7965 where sellers should return. The likely trade is 7925- 7965 with a sl below 7901”
[09:48]   Shai : let’s watch orderflow to see if the reds appear
[09:49]   Shai : a cross of 7966 will now put the NF onto 8000 / 8007 intra day
[09:49]   r m : so we can add the booked part above 7966 with stop below vwap?
[09:50]   Shai : 16030 is still the hypo1 tgt in BNF but some long distance trains crossing around 15960 🙂
[09:50]   r m : lol
[09:50]   Shai : Yes RM or above IBH with sl of 7965
[09:50]   r m : ok, thanks
[09:51]   Shai : that’s why this- (09:36) Shai :If you entered BNF at 15900- 910 put a part book order at 15960
[09:55]   Shai : It was my opinion that NF should do this move we are seeing now to 7960 on friday
[09:55]   Shai : but nevertheless- all good
[09:55]   Shai : BNF was great and on time on friday and at right place too 🙂
[09:56]   Shai : At 7959 we are seeing stronger reds in the top pane – tells us sellers coming back
[09:57]   Shai : Counter trend trade : if vwap breaks at 7945 we will go back to 7925
[09:58]   Shai : sl will be day high then for that 1
[10:00]   Kathir : @RM bnf low on 8th aug was 4,755.95 and 9 trading days from there 1200 points up 🙂
[10:00]   Kathir : 14755
[10:01]   r m : yes 🙂
[10:02]   r m : that is why folks south of Vindhyas trade only BNF 😀
[10:04]   Kathir : lol
[10:04]   Shai : Kathir BN may be headed for 17650 in sept or early OCt if 15650 stays this week
[10:05]   Kathir : oh great shai
[10:05]   Shai : 17500 sept is a wise investment on dips and in parts- hold period of 3-4 weeks
[10:05]   Shai : 17500 CE
[10:06]   Kathir : means both spot and fut should close above 15650 is it?
[10:06]   Kathir : this week
[10:06]   Shai : Sorry that is OCT / not sept
[10:07]   Shai : 17500 *OCT* hold period of 5-7 weeks
[10:08]   Kathir : @Shai the problem is NSE does not have faith in BNF like what you have..so they only have 7400 CE maximum and no trades there 🙂
[10:08]   Kathir : 17400
[10:09]   Kathir : may be after this settlement it will start trad
[10:10]   Shai : yes I noted
[10:10]   Shai : 10%
[10:11]   Shai : Maybe with sept starting it will do that
[10:11]   Kathir : see now it shows a buyer for 1 rupee..it me 🙂
[10:11]   Kathir : its me
[10:12]   Shai : 🙂
[10:12]   r m : E Kathir “Ambani” 🙂
[10:12]   Kathir : lol
[10:12]   Shai : Well hald thye town expects BNf to do at least 16750 in sept – so that 1 will have company on the right side
[10:13]   Shai : *half the**
[10:13]   Shai : Exit NF longs of the morning if 7939 breaks
[10:14]   Kathir : big red bars
[10:14]   Kathir : once NF reached 7960 range after that more reds
[10:16]   Shai : yes
[10:18]   Sumit : what is dotted line VWAP at 7928?
[10:18]   Shai : 3sd line
[10:19]   Sumit : meaning?
[10:19]   Sumit : sd?
[10:19]   Shai : indicates new sells below 7928 today may not do well
[10:19]   Sumit : thanks.
[10:19]   Shai : standard deviation
[10:19]   Sumit : ok
[10:20]   Sumit : silimar can be on top side also indicating 3sd range
[10:20]   Shai : statistically there is 1% chance that the market will move below 7929 on current volumes
[10:20]   Sumit : ok
[10:20]   Sumit : thanks
[10:20]   Shai : yes 7965
[10:21]   Chiranthan : Is there any trade available in NF or BNF?
[10:21]   Kathir : Shai Sl for bnf longs now intra 15870
[10:21]   Shai : however if volumes grow from here then that vwap line will bend
[10:21]   Sumit : yes. got that. thats why 7965 target in nf
[10:22]   Shai : Chiranthan BNF is still in BUy mode with sl below 15865 for 15960/ 16030
[10:22]   Chiranthan : Is that intraday?
[10:22]   Shai : still in – (09:28) Shai :BNf headed to 16030 sl of 15850 vah from here
[10:22]   Shai : yes all intra
[10:23]   Sumit : and dark blue bars are??? at 7944 and 15920
[10:23]   r m : developing POC
[10:23]   Shai : day’s highest volumes traded
[10:24]   Sumit : oh yes. thanks rm
[10:35]   Chiranthan : No updates?
[10:40]   Shai : more buyers in NF now above 7950
[10:53]   Kathir : @RM GE any updates related to FII data for this settlement
[10:54]   Shai : NF/ BNF look contained at vwap/dpoc now
[10:54]   Shai : likely to rotate here
[10:54]   Shai : If 15925 crossed we get another look at 15960
[11:03]   r m : @Kathir, FII have been reducing shorts since 12th Aug http://screencast.com/t/Gqiso7W763l
[11:08]   Shai : Sellers are not as active as they were earlier in NF now
[11:08]   Shai : Upto the buyers now to push this auction uptop 8000 above 7965
[11:09]   Shai : will require big volumes- on current volumes it is just rotating
[11:09]   Kathir : @RM thanks
[11:11]   Shai : 7900 put showing lots of additions- http://screencast.com/t/6OnpMCHb
[11:12]   Shai : Short term view posted- Support for the current week has moved upto 7830 F from the 7725 F in the auction of last week. Resistance will be seen at 7965 and then at 8007.
[11:13]   Shai : 1st line of support now at 7887 F ahead of 7830F
[11:13]   Shai : 15570- 15624 is the support band in BNF
[11:28]   Narendra : i have positional short rec done @ 285
[11:28]   Narendra : confused when to book profits
[11:31]   Narendra : any view on rec
[11:42]   Shai : sure will check
[11:42]   Shai : That is aug fut?
[11:42]   Shai : 7965 done- (09:20) Shai :7940 NF to 7965 is an easy trade with sl below 7920
[11:43]   Shai : sl now at 7940 on rest if trailing
[11:44]   Narendra : yes august fut
[11:44]   Shai : ok
[11:49]   Shai : 272 was one objective of the move down
[11:50]   Shai : can potentially move to 261 if 272 breaks
[11:56]   Chiranthan : Is NF still buy for intraday?
[11:57]   Shai : Yes
[11:57]   Chiranthan : SL/Target?
[11:57]   Shai : Now tgt is 7997 sl of 7949 – buy closer to 7965
[11:58]   Kathir : BNF SL and trgt remains same Shai ?
[11:58]   Kathir : 15865 and 16030?
[11:59]   Shai : BNF add above 15970 only for 16030
[11:59]   Shai : yes again new 910 buys have to book near 955- 965
[12:01]   Kathir : ok thanks
[12:01]   Shai : we broke above 7965 as sellers retreated- (11:08) Shai :Sellers are not as active as they were earlier in NF now
[12:01]   Shai : now to see new buyers in inntra day above 7965
[12:02]   Shai : keep watching blue OF in top pane- should be more than reds for the 7996 tgt to come
[12:03]   Shai : BNF above 15970 will do a quick 60 points to 16030
[12:17]   Shai : keep stops in Place for new NF longs abv 7965- sellers again increasing
[12:34]   Shai : More buyers in BNF now
[12:35]   Shai : Sept Nifty is at 8000
[12:37]   Shai : and NF longs look better now as buyers respond
[12:44]   Shai : 8000 ce is a big strike
[12:44]   Shai : http://screencast.com/t/4lLd9AtKCW
[12:45]   Shai : try not to trade agressive big quantities as we reach near this strike
[12:45]   Shai : it’s expiry week and OI of strikes mostly dominates the auction
[12:46]   r m : ok, thanks
[12:46]   Chiranthan : Better not enter any fresh nongs in NF now?
[12:46]   Chiranthan : longs
[12:47]   Shai : longs are still good but reduce exposure
[12:47]   Shai : NF is safe as long as it trades above 7954 now
[12:47]   Chiranthan : ok
[12:47]   Shai : BNF at 16000 ce- http://screencast.com/t/kOrc0m6Ms
[12:48]   r m : what should be the stop for fresh BNF longs above 15970?
[12:48]   Shai : 15940 would be good
[12:48]   r m : Thanks!
[12:48]   Shai : don’t want to give too many points away
[12:48]   r m : yes
[12:49]   r m : 16000CE lost its premium very shaply in the past couple of hours, guess 16K writers hit the gas peddle 🙂
[12:49]   Shai : 8000 ce and 16000 ce have been considered safe from May
[12:55]   Shai : Chiranthan My idea was not to scare with the long idea by pointing the 8000 ce but to undertand the risk involved and the kind of supply side pressure overhead
[12:55]   Chiranthan : ok
[12:55]   Shai : there will be safe trades like the 7940- 7965 in morning where you give it all
[12:56]   Shai : but sometimes you have to hold back a bit and this long idea would be 1 of them
[12:58]   Shai : also note additions at 15800 and 15900 pe- (12:49) r m:16000CE lost its premium very shaply in the past couple of hours, guess 16K writers hit the gas peddle 🙂
[12:58]   r m : ok, thanks
[12:59]   Shai : daily change chart of BNF- http://screencast.com/t/vqNEfkKHV
[12:59]   Shai : Mostly it could be the same writer protecting himself
[13:00]   r m : ok
[13:01]   Shai : 7900 ce is not reducing much so most of them have taken the 7900 pe write
[13:32]   Shai : IT at the highs has cut BNF momentum today
[13:32]   Shai : BNF still below IBH and NF above today
[13:32]   Narendra : ibh?
[13:33]   r m : First hour high
[13:33]   r m : Initial balance high is the term
[13:34]   Shai : Basic terms- https://www.youtube.com/watch?v=YHw5eds-FcI
[13:35]   Kathir : @RM ge?
[13:36]   r m : Yessir 🙂
[13:40]   Kathir : after moving out of captain cabin no reall calls from you 🙂
[13:41]   r m : yeah, I don’t want you to keep losing money 🙂
[13:41]   Kathir : lol 🙂
[13:41]   Kathir : expiry is near and give us some clue sir
[13:42]   r m : I am clueless 🙂
[13:43]   Kathir : may be todays data at close may give some clue
[13:48]   r m : possible, but I am one of those who could walk past a treasuy without noticing it 🙂
[13:48]   r m : *treasure
[13:48]   Kathir : 🙂
[13:48]   r m : High time you activated your TTB system!
[13:51]   Kathir : yeah its been activated and on research
[13:52]   Kathir : infy is ben researched now 🙂
[13:52]   r m : good!
[13:53]   Kathir : been
[13:53]   r m : infy and sbi are most research worthy 🙂
[13:54]   Kathir : ok
[13:56]   Kathir : even Mcdowels can do something this settlement date
[13:56]   r m : ok, that is a wild mover
[13:57]   Kathir : yeah for Mc and infy trade the position should be taken previous day eve …i mean the lottery trade
[13:59]   Kathir : i expect BNF to give a lottery trade this settlement..shai has to confirm the levels
[13:59]   r m : ok
[14:01]   Kathir : another battle today i mean eng india war 🙂 dont know who will struggle today
[14:02]   Kathir : BNF one more move pending today
[14:02]   r m : Guess India has worked very hard to earn the “Perma struggler” medal 🙂
[14:02]   Kathir : 🙂
[14:02]   r m : @Kathir, BN move long or short?
[14:03]   Kathir : long is my guess but this IT index is interpretting
[14:03]   r m : ok
[14:04]   Kathir : shai’s 16030 is pending
[14:04]   r m : yes
[14:05]   r m : NF gets active
[14:06]   Kathir : @BNF come on cheer up..i have given a word to RM ge..please help
[14:07]   r m : it needs cheergirls not chairmen 🙂
[14:07]   Kathir : lol
[14:09]   Kathir : now struggle bet 15890 and 15950 i guess
[14:10]   Kathir : @RM instead of bnf i should have told you NF 🙂
[14:11]   Kathir : I remember Shai mentioned that without BNF support it is difficult for NF to perform strongly
[14:11]   r m : 🙂
[14:20]   r m : NF back in B
[14:20]   r m : IB
[14:20]   Amit J : IBH and Vwap same place
[14:21]   r m : yes
[14:23]   Shai : sellers coming back
[14:24]   Kathir : @shai shall i short bnf with dpoc as SL now
[14:25]   Shai : short near vwap with 15950 as sl- It is a counter trend trade @Kathir
[14:25]   Kathir : ok thanks
[14:27]   Shai : NF short below 7956 with 7970 sl for 7940/ 7920
[14:31]   Shai : BNF
[14:31]   r m : bnf in value
[14:32]   Kathir : @RM if bnf goes below vah now is it ok to trade 80% even after 2.30 pm
[14:34]   r m : normally value area trade give better results in the first sessions
[14:35]   Kathir : ok thanks
[14:35]   r m : also friday was not a normal distribution day, but on the plus side entire value area was above IBH yesterday
[14:35]   r m : so even if bnf travels thru value, it will still remain above friday’s breakout level
[14:36]   r m : guess I made it too complicated to trade 🙂
[14:37]   Kathir : i dropped the idea of trading that value area trade 🙂
[14:37]   r m : lol
[14:38]   Kathir : no algos till now today..no roll overs started yet or no roll overs in mind?
[14:41]   r m : BNF hoodwinked Kathir and going below now 🙂
[14:42]   Kathir : 🙂
[14:43]   r m : 80% over in 8 minutes!
[14:43]   Kathir : 80% trade over in 8 mins
[14:44]   r m : 10% per minute 🙂
[14:44]   Kathir : wow RM ge even i was typing that
[14:44]   r m : yes
[14:44]   Kathir : ooops
[14:44]   Kathir : bnf diving
[14:45]   r m : a la Shai, a failed drive ends at opposite side!
[14:45]   Shai : that short was so much better in BNF!
[14:46]   Kathir : yes i had a good idea of that short..didnt initiate
[14:46]   Shai : yes
[14:47]   Kathir : Shai where is the next big supp for bnf
[14:47]   Kathir : now
[14:47]   Shai : 15690/ 15624
[14:47]   Kathir : ok
[14:48]   Kathir : @RM when i asked shai about the short 15800 pe was 75 and 150 now 🙁
[14:49]   r m : ok, I find it very difficult to differentiate between vwap test and vwap failure till it is too late
[14:49]   Kathir : premium increased in NF
[14:50]   Kathir : if it trades very fast like this we difficult to take counter trades
[14:50]   r m : in hindsight best option was to short below PDH
[14:50]   Kathir : before confirmation target is achieved
[14:50]   Shai : book – (14:27) Shai :NF short below 7956 with 7970 sl for 7940/ 7920
[14:51]   Shai : Buyers responding in NF
[14:52]   Shai : 15820 can come in BNF from here – 15760 sl of 15725
[14:53]   r m : @Kathir, actually i wanted to buy at 870, only the thought that it could be a failed drive saved me 🙂
[14:54]   Kathir : oh ok 🙂
[14:55]   Shai : oops Big seller in BNF
[14:57]   r m : PDL
[14:58]   r m : now NF’s turn to do80%
[14:58]   Shai : 7921 is pre mkt level and supp
[14:59]   Shai : 15624/ 15570 swing supports in BNF
[14:59]   r m : DAX is 1% up, it is something local
[15:00]   Amit J : its coal case
[15:00]   Shai : is it?
[15:00]   Amit J : allocation illegal since 1992 – SC
[15:00]   Kathir : yeah hindalco is the dragger
[15:00]   Chiranthan : Steel and power companies down
[15:01]   r m : lol
[15:02]   Shai : NF below 7920 can slip
[15:03]   Chiranthan : NF SL?
[15:04]   Shai : 7935 for 7901/ 7884
[15:08]   Kathir : @RM TTB told you one move is pending in BNF..but it happennned the other wa actually 🙂
[15:08]   r m : 🙂
[15:09]   r m : SC has allowed coal allocation to UMPP to continue but they cant use it for any other purpose than captive consumption
[15:09]   r m : maybe correction is overdone then?
[15:09]   Kathir : UMPP?
[15:10]   r m : Ultra mega power projects
[15:11]   r m : some details of the case – http://firstbiz.firstpost.com/corporate/supreme-court-terms-all-coal-blocks-allotted-since-1993-as-illegal-94774.html
[15:11]   Kathir : ok thanks
[15:12]   Amit J : he just said allocation was illegal. will meet again for decision on deallocation.
[15:12]   Amit J : this is big negative
[15:13]   r m : yes, cancellation will be done on case to case basis o 1st sep
[15:13]   Shai : ok
[15:14]   Shai : NF and BNF testing 15624/ 7890 supports
[15:18]   Kathir : @Shai shall we buy few CE NF based on this 890 support for tomrw
[15:21]   Shai : Yes kathir can do with strict sl
[15:21]   Kathir : ok thanks..but i am feared whether there will be any gap down tomrw
[15:22]   r m : @Shai, SL is 7870 for NF or lower?
[15:22]   Shai : cover NF and BNf shorts
[15:22]   Shai : 7887 sl on NF now
[15:23]   r m : ok, thanks
[15:23]   Shai : 15624 in BNF
[15:23]   Shai : But BNF resistance set up at 15880 now
[15:26]   Shai : BNF should trade 15620- 15765 in morning session tomorrow
[15:26]   Shai : NF has gone back to 7940- 7785 zone
[15:29]   Narendra : recieved the message on twitter of nifty short @ 7912
[15:29]   Narendra : is that swing call
[15:30]   Shai : Yes orderflow has gone with the seller now- Keep sl at 7945 on that 1
[15:31]   Shai : news based sell off this afternoon in the spike
[15:31]   Shai : has to test 7885- 7870 I feel from here with stops above 7945
[15:32]   Shai : Bye all
[15:32]   Shai : Have a nice eve
[15:32]   r m : Thanks and bye, have a great evening 🙂
[15:32]   Kathir : thanks and bye all 🙂