OrderFlow charts and Notes of 09/09

[09:04]   r m : Good Morning folks!
[09:04]   Shai : GM all
[09:04]   Shai : http://vtrender.com/levels-and-plan-for-9th-sept/
[09:05]   Sharad : GM all
[09:05]   r m : USD has opened very strong today
[09:16]   r m : BNF touched YVWAP at once!
[09:17]   Kathir : Hi Shai RM all
[09:18]   Kathir : @Shai bnf ce exit
[09:19]   r m : Hi Kathir
[09:21]   Shai : Yes Kathir hold at 16180 sl
[09:22]   Shai : NF tested 7173 off open
[09:22]   Kathir : ok thanks
[09:25]   Sumit : gm Shai, rm, Sharad, Kathir
[09:25]   r m : @Shai, you are still in 7XXX mode 😀
[09:26]   Shai : 🙂
[09:26]   Shai : 8173 **
[09:26]   Shai : I always take time to adjust 🙂
[09:26]   r m : lol
[09:26]   Shai : enough buyers seen at 8173
[09:26]   r m : ok
[09:26]   Shai : Now to see if we can cross pdh on that
[09:27]   Kathir : 🙂
[09:27]   Shai : BNF has to cross 15250 quickly
[09:27]   Shai : else exit longs and wat
[09:29]   Shai : exit BNF longs
[09:32]   Shai : (09:05) r m:USD has opened very strong today
[09:32]   Shai : By refusing to stay below 6057 we have an insland reversal in usdinr
[09:32]   r m : ok
[09:33]   Shai : is back in the 60.57- 61.60 range
[09:35]   Shai : That usdinr started as a cocktail from Rajan, then Modi added his mix and of course Ben, yellen and draghi keep adding
[09:36]   Shai : NF setling down to 8173- 8197 range
[09:36]   Shai : may examine these 25 points throroughly before next move
[09:37]   Shai : Bias move down if 8164-8173 breaks
[09:37]   Shai : BNF has to break past 16250 also
[09:48]   Sumit : Shai, please adjust the candle size for bnf
[09:49]   Shai : better?
[09:49]   Sumit : yes. thanks
[09:49]   Shai : welcome:)
[09:50]   Shai : Currency markets are on edge over the strength in USD the worldover
[09:50]   Shai : we will buy 8100 puts if 8172 breaks in F
[09:55]   Kathir : @RM is it posibble to place orders in zerodha? try some orders
[09:57]   r m : it is accepting orders
[10:01]   Kathir : yeah it is ok now thanks ge
[10:03]   r m : welcome jee 🙂
[10:09]   Kathir : @Shai nf shot call activted what sl and trg?
[10:10]   r m : below 8154 > 8140 > 8120 as per pre-market view
[10:11]   Chiranthan : SL and target for NF short?
[10:18]   Kathir : @RM ge what will be the price of 8200 ce if nf goes to 8154 now
[10:19]   Kathir : even @ 8140
[10:19]   Kathir : i sold that guy 🙂
[10:20]   r m : 59 and 53
[10:21]   Kathir : ok ge thanks for the info
[10:21]   r m : 46 at 8120 – take all targets 🙂
[10:21]   Kathir : that would be great 🙂
[10:22]   Kathir : if i do like this everytday zerodha will cut the mis margin for options soon 🙂
[10:23]   r m : 🙂
[10:23]   Kathir : dpoc nf has shifted to 8172 vah area now
[10:24]   r m : the big blue bars suggest that longs are not willing to surrender so far
[10:24]   r m : or maybe shorts booking out!
[10:27]   Shai : Short NF only below 8162 now, sl 8176 tgt 8140
[10:30]   Kathir : @Shai for the ce you tols to buy hold or exot
[10:30]   Kathir : sorry 8100 pe
[10:30]   Kathir : told
[10:30]   Sumit : dpoc moving along, not letting price move above it
[10:31]   Kathir : 80% trade active in both
[10:32]   Shai : 8100 pe suggested buy with day highs as sl
[10:32]   Shai : can also buy if IB breaks
[10:34]   Kathir : ok
[10:34]   Shriraj : can any one comment on cipla buy/sell pls
[10:39]   Shai : sure
[10:39]   Shai : cipla cash I presume?
[10:39]   Shriraj : k
[10:40]   Shriraj : yes
[10:45]   Shai : No sign of weakness in the stock till 563 breaks
[10:45]   Shriraj : thnx shai…thnx
[10:45]   Shai : It should also continue up is today’s market
[10:46]   Shriraj : ok
[10:46]   Shai : welcome
[10:46]   Narendra : SHAI ABOUT TCS IN FUTURES
[10:47]   Narendra : I am positional long
[10:47]   Shai : futures?
[10:47]   Shai : ok
[10:51]   Shai : TCS is driving down today
[10:51]   Shai : have to be careful of that long
[10:51]   Narendra : buying pric is 2625
[10:52]   Shai : can fall to 2615/ 2602 this week if current day low if breoken
[10:52]   Shai : suggest stop just below current day low
[10:52]   Narendra : ok. thanks
[10:52]   Shai : 2657 was a nice spot to book actually
[10:54]   Shai : NF price entering inside 8173 again
[10:55]   Shai : Looks like we are seeing excess at the highs of 8200 and could mean that the market has finished one leg of an up auction
[10:56]   Shai : suggestive of shorts below IBL which can go look at that gap between fri- mon with stops above 8180
[10:57]   Shai : positional shorts come in if 8200 stays at close
[10:58]   Shai : BNF laso a let down for the long idea by not auctioning abv 16250 this morning
[10:59]   Shai : holding around 16170- 16180 and more likely to visist 16110 again below 16170 per hypo 2
[11:21]   Chiranthan : Can I enter hexaware positional long?
[11:26]   Shai : give me 2 mins- hexaware data not coming through on chart
[11:26]   Chiranthan : ok
[11:29]   Shai : Not getting the chart still – but price is correcting after a sharp run up
[11:30]   Shai : If yiou get an entry around 166 nit will be an extremely good long term hold
[11:30]   Chiranthan : SL?
[11:31]   Shai : what is your time frame to hold?
[11:31]   Shai : hexaware is long term hold
[11:32]   Chiranthan : Can hold it for a year
[11:32]   Kathir : @Shai shall we initiate fresh short in bnf below 16170 now and sl if so?
[11:33]   Shai : In that case hold with stops below 130- should give you good returns
[11:33]   Shai : Yes Kathir
[11:33]   Chiranthan : ok thanks
[11:35]   Kathir : ok shai thanks
[11:40]   Sumit : IBL holding up in both nf and bnf
[11:41]   Kathir : bnf ib low broke i think
[11:42]   r m : yes, but came back in IB
[11:42]   r m : now let us see what happens at dval
[11:43]   Sumit : dval is thin blue line?
[11:43]   r m : yes
[11:43]   Sumit : ok thanks
[11:43]   r m : that coincides with Shai’s level of 18170 too
[11:44]   r m : oops 16170 😀
[11:44]   Sumit : yes
[11:44]   Sumit : 🙂
[11:44]   Sumit : call it premonition
[11:44]   r m : lol
[11:45]   Kathir : 🙂
[11:56]   Kathir : @Shai SL for that short below 16170 bnf?
[12:03]   r m : should be VAH i think
[12:03]   r m : looks like vwap is conquered though
[12:03]   Kathir : ok
[12:04]   Kathir : cipla great move up
[12:08]   r m : looks like BN wants to visit the day high again
[12:10]   Kathir : ok
[12:11]   Shai : 16225 res in BNF
[12:26]   r m : @Shai, can go long in BNF above 225?
[12:34]   Shai : go abv 230 for 272 with sl below 199
[12:34]   r m : Thanks
[12:40]   r m : pink appeareth!
[12:42]   r m : Globe seems green
[12:43]   Kathir : bnf discussing with somebody @ 16200
[12:43]   r m : yeah
[12:43]   r m : BNF’s compass is giving confused reading 🙂
[12:44]   Kathir : i will be happy it it takes the guidance from sellers
[12:44]   r m : aha! owner of PE 🙂
[12:45]   Kathir : no sold CE 🙂 when bnf was at 16220 with 30 SLfrom shai
[12:45]   Kathir : bnf i mean
[12:45]   r m : ok
[12:45]   Kathir : nf pe i hold
[12:46]   Kathir : before 1 i have to cut one
[12:46]   r m : ok, looks like i bought that CE from you 🙂
[12:46]   r m : joking, i got in the CE at IBL break but gave up at VAH
[12:46]   Kathir : oh 🙂
[13:02]   Kathir : looks like VAH is the key for both now
[13:05]   r m : shorts seems to be holding and selling at every little rise
[13:06]   Kathir : yeas ge
[13:12]   Shai : Normal day or we still get a range extension ?
[13:13]   Shai : sellers are parked on the higher floors but not willing to come down and sell lower
[13:13]   r m : UK IIP data to be released at 14:00 Hrs, that may impact europe
[13:14]   Shai : Option OI menawhile is bullish and building at 8200 PE
[13:14]   Shai : with spot at 8130 just can’t understand the 4 L buidup at 8200 PE
[13:15]   Shai : over confident bull?
[13:26]   Shai : BNf didn’t extend
[13:27]   Shai : don’t short here- wait
[13:28]   Kathir : @Shai NF short executed Sl 8181?
[13:33]   Shai : There were no sellers on that move below 8062 hence advised- (13:27) Shai :don’t short here- wait
[13:34]   Shai : But if you are short hold with sl 8184
[13:34]   Kathir : ok thanks
[13:34]   Shai : there is sellimg higher but so far in the day no evidence of sellers at lows
[13:35]   Shai : looks like the sellers will take some time to gte their confidence back 🙂
[13:35]   Kathir : 🙂
[13:36]   Shai : auctioned is nicely posiotioned to go down actuallt today
[13:36]   Shai : *positioned
[13:36]   Shai : a sl at 8200 F should give 8105 in 1-2 sessions from here
[13:37]   Shai : hence I recommended 8100 puts earlier with day high as sl
[14:17]   Sharad : USD 60.88
[14:18]   Sharad : we should see some selling pressure in nifty
[14:20]   Sharad : may be today or tomorrow
[14:21]   Sharad : 8105 as per Shai….
[14:22]   Kathir : it will be better if it comes today itself 🙂
[14:22]   r m : 🙂
[14:22]   Kathir : nf testing my patience with that PE
[14:23]   Shai : 61 certain into tom
[14:23]   Sharad : not only yours everyones
[14:23]   Kathir : lol
[14:23]   Shai : the currency markets are all buying dollars- something coming up
[14:24]   Sharad : Dollar index @ 84 crucial level i think
[14:26]   Shai : true
[14:28]   Sharad : and clear break can go to 96 …..
[14:28]   Sharad : 60.92 USDINR
[14:29]   r m : nifty USDINR co-relation went bust some time back
[14:29]   Shai : Sept is a big month always for Fii purchases
[14:29]   Shai : avg is 15000- 20000 cr
[14:29]   Sharad : actually USDINR is always advance running then nifty
[14:29]   r m : ok
[14:30]   Shai : in the calendat year it is always feb march then sept oct for them
[14:31]   Shai : 8179 is a seller
[14:31]   Sharad : i am sure we will definately get 8105 by tomorrow
[14:31]   Shai : aggressive sell 8173 with sl 8187 for 8140
[14:32]   Sharad : ok sold @ 8175 to cover tomorrow
[14:32]   Shai : 8161 is the last buyer
[14:32]   Shai : if that breaks think stright 20 down
[14:33]   Kathir : ok let hipe for the best this time 🙂
[14:33]   Kathir : let us
[14:33]   Kathir : hope
[14:34]   r m : hope is a form of hype only 🙂
[14:34]   Kathir : @RM bought some 61 ce usd/inr based on shai’s 61 trgt
[14:34]   r m : ok
[14:35]   Kathir : 1 = 1000 right?
[14:35]   r m : yes
[14:36]   Shai : 61.10 tgt tom
[14:36]   Shai : F
[14:36]   Kathir : ok shai thanks
[14:37]   Kathir : @RM is it possible to find what will be the price of 61 ce inr if it goes to 61.1 tomorow?
[14:38]   Anay : possible if u know the delta
[14:38]   r m : no, only NOW’s option calculator works but that does not display USDINR in the watch, have not subscribed to currency with that broker
[14:39]   Kathir : ok ge
[14:41]   r m : @Anay, IV is available from NSE but guess option calculator takes annualized volatility?
[14:42]   Anay : may be…not sure abt that
[14:42]   r m : ok
[14:43]   Anay : @Kathir do u have access to USD/INR option charts?
[14:44]   Kathir : @Anay no
[14:44]   Sharad : i have it
[14:45]   Anay : Cool. what are the resistance levels on the 61 CE?
[14:46]   Anay : can u post it here?
[14:46]   Sharad : 0.30
[14:47]   Anay : can u upload the chart n post a link here?
[14:52]   Shai : NF and BNF both at vwap/ dpoc
[14:53]   Shai : Rm you got volume at 8199/ 8200 today?
[14:53]   Sharad : http://i60.tinypic.com/eahbn5.jpg
[14:54]   Shai : I git maybe 1 lot and then 8194
[14:54]   r m : @Shai, 8194 is the high caught by data extractor, let me check on ODIN
[14:54]   Shai : yes 8194
[14:56]   Shai : Thanks Sharad- that swing high is 0.37?
[14:56]   r m : Thanks Sharad
[14:57]   Sharad : Shai first 15 seconds high 8200 and low 8180.25 volume 681 lots
[14:58]   Kathir : @Sharad thanks
[14:58]   Sharad : first 5 seconds same high low volume 142 lots
[14:58]   Sharad : sorry low 8182
[14:59]   Shai : ok- not high volume at 8200- it’s there at 8194 rather
[15:00]   r m : opening tick is 8200 – volume 1600 as per ODIN charts, 2nd tick at 8182, 3rd at 8193.95
[15:01]   r m : @Shai, if it tiks above 8200, exit 8100PE?
[15:02]   r m : or wait for proper close
[15:03]   Kathir : @RM ge wait for 8100 🙂
[15:03]   r m : ok, thanks 🙂
[15:04]   Shai : Rm can stay and exit on open above 8200
[15:05]   r m : ok, thanks
[15:05]   Shai : last 15 minutes traicks are played
[15:05]   Shai : *tricks
[15:05]   r m : yes
[15:05]   Sharad : yes currency never lies
[15:06]   Sharad : its a metter of time
[15:06]   Shai : today 1 month 1 day of this trend
[15:08]   Kathir : what time the currency market closes 4.30?
[15:08]   Sharad : 5
[15:08]   Kathir : ok thanks.then i need to wait till 5 today 🙂
[15:13]   Shai : Ig you ignore that 8200 tick then both profiles are inside
[15:13]   Shai : close at 8175/ 16203 appropriate
[15:16]   Shai : Not many sellers from 8162- 8182 in the last 1 hours
[15:20]   Shai : Last 15 minutes OrderFlow often holds key for next open
[15:20]   Shai : yesterday was on sell side in last 15
[15:21]   Anay : ok
[15:23]   Shai : yesterday OF- http://screencast.com/t/SYrm0q0zkDet
[15:23]   Shai : That base 8155- 8165 protected today
[15:24]   r m : bnf looks rested and ready for a fresh climb 🙂
[15:26]   Shai : current day – http://screencast.com/t/wYNSyvv6M38Z
[15:26]   Shai : Sellers have to push below 8160 tom
[15:27]   Shai : buyers holding the close in NF
[15:30]   r m : @Kathir, should NF chose to visit 8105 tomorrow, that 8100PE should test 79 🙂
[15:30]   Shai : sl is 8201
[15:30]   Shai : have to exit abv that
[15:30]   r m : ok
[15:30]   Shai : Bulls making a strong close
[15:30]   Sumit : good bye everyone
[15:30]   Anay : ok
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : Bye all
[15:30]   Anay : bye all
[15:30]   Anay : cya 2moro
[15:30]   Shai : Have a nice eve
[15:31]   Sharad : Thanks all
[15:31]   Sharad : bye
[15:31]   Kathir : thanks and bye all 🙂