General Chat Transcript
Room Name: Vtrender
Date and Time: November 07, 2014 09:24:32[08:55] r m : Good Morning folks!
[08:55] r m : http://vtrender.com/levels-and-plan-for-7th-nov/
[08:55] Porus : GM
[08:56] r m : NF Hypo1 Above 8388➜8430➜8444 (SL 8361) Hypo2 Below 8360➜8346➜8304-8310
[08:57] r m : BNF Hypo1 Above 17535➜17584➜17782-17792 (SL 17440 initially and then 17520 once 17590 is crossed Hypo2 Below 17440➜17348
[09:00] r m : FII continue adding longs in F&O http://screencast.com/t/UrPPi8vNVQJL
[09:08] Rahul G : Hello rm
[09:08] Rahul G : Good morning
[09:08] Manik : gm rm
[09:08] Rahul G : just would like to know the verison of nest
[09:08] Rahul G : getting an error unknown user
[09:09] r m : Hi Rahul, Manik
[09:09] Shai : Gm all
[09:09] r m : I think you need to download the new version now, I think the latest is 3.11.2
[09:10] Sharad : GM all
[09:10] Amit J : Gm
[09:14] Rahul G : okay thanks Rm
[09:14] Sumit : gm everyone
[09:17] Shai : open in value and range
[09:17] Shai : Good open after a holiday
[09:34] Shai : 8362 is the ref line below
[09:34] Shai : sSince we are seeing a continuation from close to open we can go back to the same view as that of wed
[09:35] Shai : then we saw supply coming from above 8390 and auction did not have agressive buyers
[09:36] Shai : BNF at 17348 an important level per hypo 2
[09:36] r m : NF finding little bit of buying near 8362
[09:36] Shai : single prints begin from below 17340
[09:37] Shai : and we can go to wed lows easily
[09:41] Shai : Long in BNF can be taken here 17390 with sl of 17342 for 17444
[09:41] Shai : Signs of a short term reversal :
[09:42] Shai : 1) An auction below vwap all day
[09:42] Shai : 2) an auction which goes below VAL of prev day
[09:42] Shai : 3) an auction which does a range extension below IBL
[09:42] Shai : VAL of wed was 8377
[09:43] Sharad : BNF waht is VAL ?
[09:43] Shai : 17388
[09:43] Sumit : brown line not showing in chart
[09:43] Sharad : ok
[09:47] Shai : there is an error showing up cos of those value lines
[09:47] Shai : will rectify that
[09:48] Sumit : value is there, no immediate need for lines
[09:48] Shai : For some reason they are not showing up- were added on mon
[09:48] Shai : will have it checked again
[09:49] Shai : 2 mins. restarting the prog
[09:54] Sharad : still not showing 17388 VAL line
[09:55] Shai : yes- 🙁
[09:55] Shai : It will take some time to gte it rectified
[09:55] Sharad : ok
[09:55] Shai : Mon we will have it back for sure
[09:55] Sumit : you can draw a brown Shai rekha there
[09:56] r m : 🙂
[09:57] Shai : 🙂
[09:57] Shai : 17381 is already there
[09:58] Shai : 17340- 17380 zone now imp in BNF toay below the 17530
[09:58] Shai : for the swing that is
[10:00] Shai : 17230 should be the tgt if 17340 breaks
[10:05] Shai : Sl taken in BNF longs
[10:18] r m : 8346 of Hypo2
[10:28] Anay : is it an Open Test Drive?
[10:28] r m : looks like that
[10:29] r m : I thought it was OAOR in NF
[10:29] Shai : Yees
[10:30] Shai : It’s a friday and we have to watch for pullbacks
[10:30] Sumit : so what will this do?
[10:30] Shai : one possible close fo the day in NF adn the week is 8375
[10:31] Shai : the other possibility is this day type dominates and we close at the dday lows
[10:32] Sumit : so second option means neutral extreme??
[10:33] r m : if it closes at day’s low then day type will be NV
[10:33] r m : if byers take it above IBH only then day will be neutral
[10:34] Sumit : ok thanks
[10:34] r m : welcome, toota phoota gyaan 😀
[10:35] Shai : Sumit when open s a drive the open and clossing prices are opposite ends
[10:35] Shai : and vwap is used to add positions through the day
[10:35] Sumit : we together make 80 20 rule. you make 80gyaan, I will make 20 🙂
[10:35] Shai : 8362 again a ref level
[10:35] Shai : being day vwap
[10:36] r m : @Sumit, 80 gyaan by Shai, 20 efforts by you and some yak yak by me is a better option 🙂
[10:36] Sumit : Shai is 100+
[10:36] r m : yeah!
[10:37] Shai : lol-
[10:37] r m : @Shai, vwap just above 8362 is ok as stops for existing shorts?
[10:37] Shai : No 1 is 100 in this mkt- all learn
[10:37] Shai : Yes RM
[10:37] r m : Thanks
[10:47] r m : bnf delta is at maximum near vwap
[10:51] Shai : BNF diddn’t dip a lot in thos esingle prints
[10:57] r m : bnf back at val
[10:58] Sharad : ohhh yes can short now ?
[10:58] Sharad : yes done
[10:58] Sharad : Shai S/L
[10:59] Sharad : what is POC ?
[10:59] Sumit : 17450
[10:59] Sumit : and 8395
[10:59] Sharad : ok thanks
[11:01] Shai : BNf safer short is below vwa 370
[11:02] Sharad : already done but i can see somewhat VAL at above 17400
[11:02] Sharad : brown colour?
[11:02] Shai : that is the errror message
[11:02] Shai : ignore pls
[11:02] Sharad : ohhh ok
[11:03] Shai : NF is a better short than BNF based on vwap and delta
[11:04] Sharad : ok
[11:04] Amit J : banknifty is tredning in weekly. should we expect close at high
[11:05] Shai : There are shorts off the open and they will be under pressure as we are abv vwap
[11:05] Shai : I think 15440 will come
[11:05] Shai : 17440*
[11:06] Amit J : also if we test days high than one more failed auction?
[11:06] Shai : yes Amit that is right
[11:07] Shai : at 17293
[11:07] Amit J : thks
[11:08] Amit J : shai your view on unitech again plz. its retraced the fall now.
[11:08] Shai : sure Amit
[11:10] Shai : nice touch od 21.5 supp
[11:10] Shai : 21.5 same supp and 24.7 and 26.3 objective of the move
[11:10] Shai : 26.3- 26.7 should resist this upmove
[11:11] Shai : If vlumes add up abv 26.9 then charts shows 37.7 as final objective
[11:11] Shai : but volumes have to be big at 26.7 as supply will wilt only on big volumes
[11:12] Shai : was looking at dollar index : http://screencast.com/t/y6RTHlM82MXT
[11:13] r m : that one is making a hole in ozone layer 🙂
[11:13] Sharad : BNF very wild today
[11:14] Shai : short covering move abv vwap
[11:17] Amit J : thanks
[11:19] Shai : welcome Amit
[11:19] Shai : 17293 not yet an FA
[11:33] Rahul N : @shai..what’s your view on syndicate bank,union bank and rcom?
[11:33] Rahul N : thanks
[11:33] Rahul N : i haves short positions
[11:43] Shai : Nov f?
[11:43] Rahul N : yes
[11:49] Shai : rcom Nov F has not found sellers now below 105.2 and may be moving upto 110 again
[11:49] Shai : for the short 105 has to break next week and then tgt of the move becomes 101 and 96 in F
[11:50] Shai : there is some supply at 110.6 but thse guys may be cobering part at 105- 106
[11:50] Shai : hence sl is just abv 110.9
[11:51] Rahul N : ok
[11:51] Shai : union bank 215.8 was a booking point if you shorted higher
[11:51] Shai : profile indicates visiit back to 221- 222 from here
[11:52] Shai : this looks like a good short on every rise
[11:52] Shai : supply up at 228 and 234 too
[11:53] Shai : 202 could be a swing objective on thsi 1
[11:55] Rahul N : thanks…
[11:55] Shai : syndi seller has come at 132 and buyer at 121
[11:55] Shai : this looks more neutral for Nov between 120- 132
[11:56] Shai : Welcome Rahul
[12:09] r m : @Shai, can NF be bought above 8362 now for IBH?
[12:10] Shai : 8366 trigger with sl of IBL
[12:10] r m : Thanks
[12:11] Shai : 80% reverse rule will kick in strongly abv 8377 for 8399
[12:14] Shai : Bears have to push it below 8346
[12:14] Shai : which is from hypo2 and also IBL today
[12:14] Rahul N : what about bank nifty?
[12:15] Shai : BNF has to break 17340 for downsides
[12:15] Shai : looking like a close today at 17380 F
[12:16] Rahul N : thanks
[12:16] Shai : wc
[12:45] Shai : 10 point range in NF
[12:45] Shai : has become very quiet
[12:46] Shai : Profile of NF is a 3-1-3 with excess at 2 ends
[13:27] r m : delta near maximum in nf
[13:37] Sharad : Shai what is target if NF cross IBH
[13:38] r m : 8430/8444
[13:38] r m : Hypo1
[13:38] Sharad : ok thanks
[13:38] r m : welcome
[13:39] Chiranthan : IBH is 8394?
[13:39] r m : 835
[13:39] r m : 8395
[13:39] Chiranthan : ok
[13:48] Shai : There is supply abv 8395 so don’t trade that breakout move with a large stop
[13:48] Shai : 8377 sl will do
[13:48] Shai : This market has gone into a sideways mode now
[13:49] Shai : #) The range of the Move seems to be settling down now between 8260- 8514 F. Cmp 8380 F
[13:49] r m : even 8379 attracted sellers
[13:49] Shai : One move to 8311 F would have been apt below 8346
[13:50] Shai : got curtailed at 8325 and we are in IB since
[13:50] Shai : seller has to break 8346 again
[13:50] Shai : then sl of 8362 for 8311
[13:52] Shai : (10:30) Shai :one possible close fo the day in NF and the week is 8375
[13:52] Shai : the second option was closed when we moved abv vwap- (10:31) Shai :the other possibility is this day type dominates and we close at the dday lows
[14:01] Shai : IV’s are flat today on poorer volumess
[14:01] Shai : http://screencast.com/t/wNzUkjm2
[14:02] Shai : But Vix is heded up to 15.7 and 16.7
[14:04] Shai : 80% rule abv 8378
[14:04] Shai : and a failed auction at 8325 if that happens
[14:05] Sharad : 80% means will go above 8395 ?
[14:10] Shai : yes
[14:11] Sharad : ok so if goes above IBH then 8325 FA … right
[14:11] Shai : yes
[14:11] Sharad : ok
[14:11] Shai : then ref line moves to 8325 from 8346
[14:14] Porus : Shai, what are the ST levels for HFCL?
[14:14] Shai : cash or fut?
[14:15] Porus : Cash
[14:15] Shai : Buy NF for the 80%
[14:15] Shai : buyers coming
[14:15] Chiranthan : sl?
[14:16] Shai : 8361
[14:17] Sharad : BNF not going above 17440 and restricting NF also
[14:19] Shai : hfcl 20 sl and can tgt 22.4- 22.9
[14:19] Porus : thanks
[14:19] Porus : thanks
[14:20] Shai : wc
[14:26] Shai : cut short NF longs
[14:26] Shai : not entered val fully
[14:27] Narendra : can short below 8346?
[14:27] Shai : yes
[14:28] Shai : primary view is we close at 8375 but that move down can come below 8346 only
[14:30] Porus : Shai, your ST view on L&T fut short
[14:30] Porus : Nov
[14:34] Shai : LT chart is complex
[14:34] Shai : 1634 was a good place for short to book
[14:35] Shai : if it coosses 1665 it gos to 1682
[14:35] Shai : but heavy supply above 1880 and seller can come back there
[14:35] Shai : Short should trail just abv 1665
[14:36] Shai : 1632- 1623 place to book as it hits obj of the move
[14:36] Shai : F prices
[14:36] Porus : OK. Thanks
[14:37] Sharad : Shai what if LT crosse s 1680 then ? what level
[14:38] Sharad : INR running 61.82
[14:44] Shai : 1726F
[14:44] Shai : Yes INR moving on the USD move
[14:45] Shai : 61.90 res
[14:45] Sharad : ok very near
[14:45] r m : Surjit Bhalla’s interesting take on rate cut! http://t.co/lKnIaTrkwC
[14:49] r m : CPI SEP 2014 lowest in 45 months, WPI lowest in 60 months, MSP inflation (govt administered ) lowest in 108 months!!
[14:50] r m : NF came back to 8375 obeying Shai’s command 🙂
[14:50] Sharad : yes HMV
[14:51] Sharad : His master’s voice
[14:51] r m : lol
[14:54] r m : more Bhallaspeak: RBI expectation survey 3 month expectation 12.9% inflation, actual sep inflation 6.5%!
[14:55] r m : Punchline – Somone is smoking something, please pass the weed 😀
[15:12] Shai : Those FA’s are not confirmed at lows
[15:12] Shai : 8388 and 8346 will be ref areas again for early next week
[15:13] Shai : Objective of this consolidation now could be either 8260 or 8510F depends on which side it breaks
[15:13] Narendra : view on banknifty?
[15:14] Chiranthan : 8300 pe?
[15:14] Shai : 17535 F in BNF on watch for more upsides
[15:14] Shai : 17340 will be a support next week
[15:15] Shai : Chiranthn yes can buy small qty with sl maintained
[15:15] Chiranthan : ok
[15:15] Amit J : by when can we expect this objective
[15:16] Shai : the move out will be fast
[15:16] Shai : the next 100 points can come in a session or 2
[15:26] r m : hard work in progress to make the lows as FA!
[15:26] Shai : lol
[15:26] Shai : have to cross up
[15:26] r m : yes, bnf can still manage, looks tough for NF
[15:27] Sharad : yes not possible today
[15:28] Amit J : both trying best
[15:28] Shai : NFP data in the US
[15:28] Shai : usdint at 61.88 res
[15:28] Shai : USDINR*
[15:28] r m : @Sharad, Market borrowed its dictionary from Napoleon 🙂
[15:28] Sharad : 61.86 high
[15:28] Sharad : then may be RM
[15:29] Sharad : no FA in both
[15:30] r m : yeah!
[15:30] Shai : 🙂
[15:30] r m : Thanks and bye folks, have a great weekend 🙂
[15:30] Amit J : bn almost kissed
[15:30] Shai : Bye all.
[15:30] Shai : Have a nice weekend
[15:30] Sharad : BYEEEE
[15:30] Chiranthan : Bye
[15:30] Porus : bye
[15:30] Amit J : bye
[15:30] Narendra : bye
[15:30] Sharad : NICE WEEKEND
[15:31] Amit J : entire week was weekend
[15:31] Shai : lol . True
[15:31] Amit J : BYE
Date and Time: November 07, 2014 09:24:32[08:55] r m : Good Morning folks!
[08:55] r m : http://vtrender.com/levels-and-plan-for-7th-nov/
[08:55] Porus : GM
[08:56] r m : NF Hypo1 Above 8388➜8430➜8444 (SL 8361) Hypo2 Below 8360➜8346➜8304-8310
[08:57] r m : BNF Hypo1 Above 17535➜17584➜17782-17792 (SL 17440 initially and then 17520 once 17590 is crossed Hypo2 Below 17440➜17348
[09:00] r m : FII continue adding longs in F&O http://screencast.com/t/UrPPi8vNVQJL
[09:08] Rahul G : Hello rm
[09:08] Rahul G : Good morning
[09:08] Manik : gm rm
[09:08] Rahul G : just would like to know the verison of nest
[09:08] Rahul G : getting an error unknown user
[09:09] r m : Hi Rahul, Manik
[09:09] Shai : Gm all
[09:09] r m : I think you need to download the new version now, I think the latest is 3.11.2
[09:10] Sharad : GM all
[09:10] Amit J : Gm
[09:14] Rahul G : okay thanks Rm
[09:14] Sumit : gm everyone
[09:17] Shai : open in value and range
[09:17] Shai : Good open after a holiday
[09:34] Shai : 8362 is the ref line below
[09:34] Shai : sSince we are seeing a continuation from close to open we can go back to the same view as that of wed
[09:35] Shai : then we saw supply coming from above 8390 and auction did not have agressive buyers
[09:36] Shai : BNF at 17348 an important level per hypo 2
[09:36] r m : NF finding little bit of buying near 8362
[09:36] Shai : single prints begin from below 17340
[09:37] Shai : and we can go to wed lows easily
[09:41] Shai : Long in BNF can be taken here 17390 with sl of 17342 for 17444
[09:41] Shai : Signs of a short term reversal :
[09:42] Shai : 1) An auction below vwap all day
[09:42] Shai : 2) an auction which goes below VAL of prev day
[09:42] Shai : 3) an auction which does a range extension below IBL
[09:42] Shai : VAL of wed was 8377
[09:43] Sharad : BNF waht is VAL ?
[09:43] Shai : 17388
[09:43] Sumit : brown line not showing in chart
[09:43] Sharad : ok
[09:47] Shai : there is an error showing up cos of those value lines
[09:47] Shai : will rectify that
[09:48] Sumit : value is there, no immediate need for lines
[09:48] Shai : For some reason they are not showing up- were added on mon
[09:48] Shai : will have it checked again
[09:49] Shai : 2 mins. restarting the prog
[09:54] Sharad : still not showing 17388 VAL line
[09:55] Shai : yes- 🙁
[09:55] Shai : It will take some time to gte it rectified
[09:55] Sharad : ok
[09:55] Shai : Mon we will have it back for sure
[09:55] Sumit : you can draw a brown Shai rekha there
[09:56] r m : 🙂
[09:57] Shai : 🙂
[09:57] Shai : 17381 is already there
[09:58] Shai : 17340- 17380 zone now imp in BNF toay below the 17530
[09:58] Shai : for the swing that is
[10:00] Shai : 17230 should be the tgt if 17340 breaks
[10:05] Shai : Sl taken in BNF longs
[10:18] r m : 8346 of Hypo2
[10:28] Anay : is it an Open Test Drive?
[10:28] r m : looks like that
[10:29] r m : I thought it was OAOR in NF
[10:29] Shai : Yees
[10:30] Shai : It’s a friday and we have to watch for pullbacks
[10:30] Sumit : so what will this do?
[10:30] Shai : one possible close fo the day in NF adn the week is 8375
[10:31] Shai : the other possibility is this day type dominates and we close at the dday lows
[10:32] Sumit : so second option means neutral extreme??
[10:33] r m : if it closes at day’s low then day type will be NV
[10:33] r m : if byers take it above IBH only then day will be neutral
[10:34] Sumit : ok thanks
[10:34] r m : welcome, toota phoota gyaan 😀
[10:35] Shai : Sumit when open s a drive the open and clossing prices are opposite ends
[10:35] Shai : and vwap is used to add positions through the day
[10:35] Sumit : we together make 80 20 rule. you make 80gyaan, I will make 20 🙂
[10:35] Shai : 8362 again a ref level
[10:35] Shai : being day vwap
[10:36] r m : @Sumit, 80 gyaan by Shai, 20 efforts by you and some yak yak by me is a better option 🙂
[10:36] Sumit : Shai is 100+
[10:36] r m : yeah!
[10:37] Shai : lol-
[10:37] r m : @Shai, vwap just above 8362 is ok as stops for existing shorts?
[10:37] Shai : No 1 is 100 in this mkt- all learn
[10:37] Shai : Yes RM
[10:37] r m : Thanks
[10:47] r m : bnf delta is at maximum near vwap
[10:51] Shai : BNF diddn’t dip a lot in thos esingle prints
[10:57] r m : bnf back at val
[10:58] Sharad : ohhh yes can short now ?
[10:58] Sharad : yes done
[10:58] Sharad : Shai S/L
[10:59] Sharad : what is POC ?
[10:59] Sumit : 17450
[10:59] Sumit : and 8395
[10:59] Sharad : ok thanks
[11:01] Shai : BNf safer short is below vwa 370
[11:02] Sharad : already done but i can see somewhat VAL at above 17400
[11:02] Sharad : brown colour?
[11:02] Shai : that is the errror message
[11:02] Shai : ignore pls
[11:02] Sharad : ohhh ok
[11:03] Shai : NF is a better short than BNF based on vwap and delta
[11:04] Sharad : ok
[11:04] Amit J : banknifty is tredning in weekly. should we expect close at high
[11:05] Shai : There are shorts off the open and they will be under pressure as we are abv vwap
[11:05] Shai : I think 15440 will come
[11:05] Shai : 17440*
[11:06] Amit J : also if we test days high than one more failed auction?
[11:06] Shai : yes Amit that is right
[11:07] Shai : at 17293
[11:07] Amit J : thks
[11:08] Amit J : shai your view on unitech again plz. its retraced the fall now.
[11:08] Shai : sure Amit
[11:10] Shai : nice touch od 21.5 supp
[11:10] Shai : 21.5 same supp and 24.7 and 26.3 objective of the move
[11:10] Shai : 26.3- 26.7 should resist this upmove
[11:11] Shai : If vlumes add up abv 26.9 then charts shows 37.7 as final objective
[11:11] Shai : but volumes have to be big at 26.7 as supply will wilt only on big volumes
[11:12] Shai : was looking at dollar index : http://screencast.com/t/y6RTHlM82MXT
[11:13] r m : that one is making a hole in ozone layer 🙂
[11:13] Sharad : BNF very wild today
[11:14] Shai : short covering move abv vwap
[11:17] Amit J : thanks
[11:19] Shai : welcome Amit
[11:19] Shai : 17293 not yet an FA
[11:33] Rahul N : @shai..what’s your view on syndicate bank,union bank and rcom?
[11:33] Rahul N : thanks
[11:33] Rahul N : i haves short positions
[11:43] Shai : Nov f?
[11:43] Rahul N : yes
[11:49] Shai : rcom Nov F has not found sellers now below 105.2 and may be moving upto 110 again
[11:49] Shai : for the short 105 has to break next week and then tgt of the move becomes 101 and 96 in F
[11:50] Shai : there is some supply at 110.6 but thse guys may be cobering part at 105- 106
[11:50] Shai : hence sl is just abv 110.9
[11:51] Rahul N : ok
[11:51] Shai : union bank 215.8 was a booking point if you shorted higher
[11:51] Shai : profile indicates visiit back to 221- 222 from here
[11:52] Shai : this looks like a good short on every rise
[11:52] Shai : supply up at 228 and 234 too
[11:53] Shai : 202 could be a swing objective on thsi 1
[11:55] Rahul N : thanks…
[11:55] Shai : syndi seller has come at 132 and buyer at 121
[11:55] Shai : this looks more neutral for Nov between 120- 132
[11:56] Shai : Welcome Rahul
[12:09] r m : @Shai, can NF be bought above 8362 now for IBH?
[12:10] Shai : 8366 trigger with sl of IBL
[12:10] r m : Thanks
[12:11] Shai : 80% reverse rule will kick in strongly abv 8377 for 8399
[12:14] Shai : Bears have to push it below 8346
[12:14] Shai : which is from hypo2 and also IBL today
[12:14] Rahul N : what about bank nifty?
[12:15] Shai : BNF has to break 17340 for downsides
[12:15] Shai : looking like a close today at 17380 F
[12:16] Rahul N : thanks
[12:16] Shai : wc
[12:45] Shai : 10 point range in NF
[12:45] Shai : has become very quiet
[12:46] Shai : Profile of NF is a 3-1-3 with excess at 2 ends
[13:27] r m : delta near maximum in nf
[13:37] Sharad : Shai what is target if NF cross IBH
[13:38] r m : 8430/8444
[13:38] r m : Hypo1
[13:38] Sharad : ok thanks
[13:38] r m : welcome
[13:39] Chiranthan : IBH is 8394?
[13:39] r m : 835
[13:39] r m : 8395
[13:39] Chiranthan : ok
[13:48] Shai : There is supply abv 8395 so don’t trade that breakout move with a large stop
[13:48] Shai : 8377 sl will do
[13:48] Shai : This market has gone into a sideways mode now
[13:49] Shai : #) The range of the Move seems to be settling down now between 8260- 8514 F. Cmp 8380 F
[13:49] r m : even 8379 attracted sellers
[13:49] Shai : One move to 8311 F would have been apt below 8346
[13:50] Shai : got curtailed at 8325 and we are in IB since
[13:50] Shai : seller has to break 8346 again
[13:50] Shai : then sl of 8362 for 8311
[13:52] Shai : (10:30) Shai :one possible close fo the day in NF and the week is 8375
[13:52] Shai : the second option was closed when we moved abv vwap- (10:31) Shai :the other possibility is this day type dominates and we close at the dday lows
[14:01] Shai : IV’s are flat today on poorer volumess
[14:01] Shai : http://screencast.com/t/wNzUkjm2
[14:02] Shai : But Vix is heded up to 15.7 and 16.7
[14:04] Shai : 80% rule abv 8378
[14:04] Shai : and a failed auction at 8325 if that happens
[14:05] Sharad : 80% means will go above 8395 ?
[14:10] Shai : yes
[14:11] Sharad : ok so if goes above IBH then 8325 FA … right
[14:11] Shai : yes
[14:11] Sharad : ok
[14:11] Shai : then ref line moves to 8325 from 8346
[14:14] Porus : Shai, what are the ST levels for HFCL?
[14:14] Shai : cash or fut?
[14:15] Porus : Cash
[14:15] Shai : Buy NF for the 80%
[14:15] Shai : buyers coming
[14:15] Chiranthan : sl?
[14:16] Shai : 8361
[14:17] Sharad : BNF not going above 17440 and restricting NF also
[14:19] Shai : hfcl 20 sl and can tgt 22.4- 22.9
[14:19] Porus : thanks
[14:19] Porus : thanks
[14:20] Shai : wc
[14:26] Shai : cut short NF longs
[14:26] Shai : not entered val fully
[14:27] Narendra : can short below 8346?
[14:27] Shai : yes
[14:28] Shai : primary view is we close at 8375 but that move down can come below 8346 only
[14:30] Porus : Shai, your ST view on L&T fut short
[14:30] Porus : Nov
[14:34] Shai : LT chart is complex
[14:34] Shai : 1634 was a good place for short to book
[14:35] Shai : if it coosses 1665 it gos to 1682
[14:35] Shai : but heavy supply above 1880 and seller can come back there
[14:35] Shai : Short should trail just abv 1665
[14:36] Shai : 1632- 1623 place to book as it hits obj of the move
[14:36] Shai : F prices
[14:36] Porus : OK. Thanks
[14:37] Sharad : Shai what if LT crosse s 1680 then ? what level
[14:38] Sharad : INR running 61.82
[14:44] Shai : 1726F
[14:44] Shai : Yes INR moving on the USD move
[14:45] Shai : 61.90 res
[14:45] Sharad : ok very near
[14:45] r m : Surjit Bhalla’s interesting take on rate cut! http://t.co/lKnIaTrkwC
[14:49] r m : CPI SEP 2014 lowest in 45 months, WPI lowest in 60 months, MSP inflation (govt administered ) lowest in 108 months!!
[14:50] r m : NF came back to 8375 obeying Shai’s command 🙂
[14:50] Sharad : yes HMV
[14:51] Sharad : His master’s voice
[14:51] r m : lol
[14:54] r m : more Bhallaspeak: RBI expectation survey 3 month expectation 12.9% inflation, actual sep inflation 6.5%!
[14:55] r m : Punchline – Somone is smoking something, please pass the weed 😀
[15:12] Shai : Those FA’s are not confirmed at lows
[15:12] Shai : 8388 and 8346 will be ref areas again for early next week
[15:13] Shai : Objective of this consolidation now could be either 8260 or 8510F depends on which side it breaks
[15:13] Narendra : view on banknifty?
[15:14] Chiranthan : 8300 pe?
[15:14] Shai : 17535 F in BNF on watch for more upsides
[15:14] Shai : 17340 will be a support next week
[15:15] Shai : Chiranthn yes can buy small qty with sl maintained
[15:15] Chiranthan : ok
[15:15] Amit J : by when can we expect this objective
[15:16] Shai : the move out will be fast
[15:16] Shai : the next 100 points can come in a session or 2
[15:26] r m : hard work in progress to make the lows as FA!
[15:26] Shai : lol
[15:26] Shai : have to cross up
[15:26] r m : yes, bnf can still manage, looks tough for NF
[15:27] Sharad : yes not possible today
[15:28] Amit J : both trying best
[15:28] Shai : NFP data in the US
[15:28] Shai : usdint at 61.88 res
[15:28] Shai : USDINR*
[15:28] r m : @Sharad, Market borrowed its dictionary from Napoleon 🙂
[15:28] Sharad : 61.86 high
[15:28] Sharad : then may be RM
[15:29] Sharad : no FA in both
[15:30] r m : yeah!
[15:30] Shai : 🙂
[15:30] r m : Thanks and bye folks, have a great weekend 🙂
[15:30] Amit J : bn almost kissed
[15:30] Shai : Bye all.
[15:30] Shai : Have a nice weekend
[15:30] Sharad : BYEEEE
[15:30] Chiranthan : Bye
[15:30] Porus : bye
[15:30] Amit J : bye
[15:30] Narendra : bye
[15:30] Sharad : NICE WEEKEND
[15:31] Amit J : entire week was weekend
[15:31] Shai : lol . True
[15:31] Amit J : BYE