General Chat Transcript
Room Name: Vtrender
Date and Time: June 05, 2014 09:06:25
[08:50] r m : Good Morning folks!
[09:10] Shai : GM all
[09:10] Shai : http://vtrender.com/trading-room-levels-and-plan-for-5th-june/
[09:17] Shai : NF open in value and range
[09:23] Shai : BNF looks like it is driving up to 15390/ 15402 , sl 15290
[09:35] Shai : BNf stopped at pdh
[09:35] Shai : exit long positions- still in drift mode
[09:37] Shai : NF down to 7400 now to probe
[09:41] Shai : 7397
[09:43] Shai : probe got deeper
[09:48] Shai : looks like 7366 will come
[09:48] Shai : and then 7330
[09:48] Shai : sl is vwap now for all shorts
[09:49] Kris : GM All 🙂
[09:49] Shai : GM Kris
[09:49] r m : Hi Kris 🙂
[09:50] Kris : Hi Rm, Shai
[09:55] Kris : @Shai – 7300PE at 59 – part booked at 70 – rest trailing at cost.
[09:58] Kris : And – the BN shorts carried – part booked at 15200
[09:58] Kris : yeah – 15120 still can come – and can breakdown also .. but …
[09:59] Shai : looks like a b shaped profile
[09:59] Shai : should move 7366- 7400 for rest of the session
[10:01] Dr Bansal : shai,bnf buy on green?
[10:02] Shai : No when we get a drive it should cross vwap
[10:02] Dr Bansal : ok.
[10:06] Dr Bansal : shai,kindly give TS chart.
[10:11] Amit J : today ecb meet post mkt. very imp event for direction of next mth or so.
[10:11] Amit J : Rate cut and LTRO is almost certain
[10:18] Kris : Now that IB is done – vwap being just above open can be the SL for the remaining shorts in BN.
[10:32] Shai : TS on screen
[10:32] Dr Bansal : kris,vwap sl bnf hit
[10:34] Dr Bansal : thanks shai,views on TS.
[10:36] Shai : intra tgt 554, sl 542.5
[10:54] Dr Bansal : shai,bnf above vwap is buy?
[10:56] Shai : Buy abv 285 now for 335
[10:56] Shai : sl vwap
[10:56] Kris : yes Dr. B – they are carried from yesterday from 340 – it is more saving existing! 🙂
[10:56] Shai : NF may go back to vah 7423
[10:56] Kris : sorry – was not here – so late reply!
[10:57] Dr Bansal : ok,kris.
[10:58] Shai : at 7385 lnear 9.40 ooked like sellers would take it below
[10:58] Shai : but lots of blue from 9.50
[11:00] Shai : NF abv pdl but below val
[11:00] Shai : 7400- 7412 zone indecisive
[11:01] Shai : if we go below 7399 again can come back to see that 7380 again
[11:14] J G : time to test 7300 and below now?
[11:19] Shai : that visiit to 7300 is only possible if 7380 gives way
[11:21] Shai : strong bias there
[11:25] J G : relcapital 530-645 in 3 days
[11:25] J G : relinfra also up by 10-15% in 3 days
[11:25] Manikandan : TS tgt acheived
[11:26] J G : tatasteel 390-552 in 4 weeks
[11:28] Manikandan : we all know jg TS have been your fav
[11:28] Dr Bansal : shai,gave tgt 554.almost there.
[11:29] Dr Bansal : booked.
[11:37] Shai : NF once more at vah
[11:45] Shai : NF may dip to vwap and then run upto 7470
[11:45] Shai : that 7380 is a good sl now
[11:46] Shai : can also buy abv 7437 with 7419 as sl
[12:11] Kris : @Shai – does that mean – shorting here with SAR at 7439/7440 is not a bad idea?
[12:11] Kris : 🙂
[12:11] Shai : Open type could be an ORR but it is rare to see it being blown away in 3 hours
[12:12] Shai : Kris dip buyers are in play
[12:13] Dr Bansal : Modi visit to japan before budget is big trigger.
[12:13] J G : stock futures are shooting up like anything
[12:13] J G : tatamotors went up 20 pts in some 10 min
[12:14] Kris : looking at those red bars at ib high – i am not alone 🙂
[12:15] J G : kris bought 7300pe here
[12:16] Kris : how much is vix?
[12:21] Shai : 15.6
[12:21] Kris : thx Shai
[12:21] Shai : wc
[12:22] Shai : 7435 high again
[12:22] Kris : yeah – it can go to 12 – but – indicates reasonable complacency!
[12:22] Shai : that’s 3 times in 3 days now
[12:24] Kris : @Shai – if 80% downwards happens this time – probably 7380 will break with a gap down!
[12:24] J G : kris – u expect 7300 by tom end?
[12:25] Kris : yes.
[12:25] J G : ok kris thnx
[12:25] J G : i will hold the 7300pe
[12:25] J G : an sl of 50 shd be ok?
[12:26] Kris : 7440 NF and I quit.
[12:26] Kris : Shai is sure of 7470/7525 then.
[12:26] Shai : NF can go back to vwap
[12:27] Shai : Just checked vix 10June f- 0 contracts traded today
[12:28] Shai : there are 2 contracts traded for the 10th june expiry
[12:29] Shai : looks like they will have to call each other and do the exchange 🙂
[12:30] r m : lo
[12:30] r m : lol
[12:30] Kris : Shai got angry on all my bearish talk – moved nf above VAH 🙁
[12:30] J G : shai is angry-bull-man
[12:41] Shai : taht 36 was holding stops
[12:41] Shai : BNF hits FA
[12:42] J G : looks like 7600 now
[12:42] Shai : should come back to test 7438
[12:51] Shai : amazing auction today- had to go lower to muscle up abv
[12:54] Shai : dip to 7432 is a buy with sl below 7419 for 7470 again
[13:01] Shai : 7438- 12:42 Shai : should come back to test 7438
[13:10] Shai : BNF 15310 big support now
[13:12] Dr Bansal : shai,tgt bnf above 15310.
[13:13] Shai : res at 15390, then 15560 if crossed
[13:13] Shai : better to buy abv pdh
[13:18] Shai : bulls started hammering at 7400 pe but 7500 ce is the big fish- http://prntscr.com/3ptt2m
[13:20] Shai : intra day change chart- http://prntscr.com/3ptta7
[13:20] Shai : BNF is not showing any urgency to break out of the 3-1-3
[13:50] Shai : 7465= (12:54) Shai :dip to 7432 is a buy with sl below 7419 for 7470 again
[13:58] Shai : 7510 is we cross 7475
[14:12] r m : bnf turned back from 389!(13:13) Shai :res at 15390, then 15560 if crossed
[14:15] Shai : FA point
[14:16] Shai : NF is a different beast today
[14:16] Shai : It shook a lot of people off by going down to 7380 and then up
[14:17] r m : yep, lightened the bull burden!
[14:18] Shai : one dip to 7464 will be a buy again with 10 point sl for close at day highs
[14:29] Shai : BNF may be getting ready for a move
[14:34] Shai : NF ready to dip a bit
[14:35] Shai : 7468 supp
[14:41] Shai : 7468
[14:41] Shai : sl of 7460 aggressive trade for 7492/ 7510
[14:42] r m : ok, thanks
[14:44] Shai : oops
[14:44] r m : looks like Kris entered back at top 🙂
[14:45] Kris : dont blame me Rm – Shai said 15415 is SL for 1K points! 🙂
[14:45] r m : lol
[14:45] Kris : any way 380 to 280 is what I could salvage!
[14:45] Kris : done and out.
[14:46] r m : not bad, you did part 80% too 🙂
[14:49] Kris : I still believe 7300PE at some point in this series will be a game changer! 🙂
[14:50] r m : ok
[14:57] Shai : Kris – budget comes in the first week and generally 15 days prior we get a budget rally . Media will feed into every bit and build a hype
[14:57] Shai : From here every dip will find buyers and then possibly highs closer to budget
[14:57] Shai : that’s the expectancy
[14:58] Shai : Modi sarkaar’s first budget will be watched for every word
[15:00] Kris : Any Idea on when the budget will be?
[15:00] Shai : july 7-10 somehere
[15:01] Kris : OK – thanks Shai for the inputs..
[15:02] Kris : the whole hypothesis is fine – I am expecting some global turmoil in the current month!
[15:03] Shai : MO was 51 yesterday today should be 65+
[15:03] Amit J : BEFORE BUDGET RALLY ONE BIG PANIC REQUIRED
[15:03] Amit J : PEOPLE HAVE POSITIONS
[15:04] Shai : Yes I suggested booking longs from moday in the 7470- 7520 zone
[15:04] Kris : assuming budget rally starts by 20th – still i have 15 day window for one mini shakeoff – and final big one in July – August! 🙂
[15:05] Shai : even if we stay here tom it’s not healthy to be aggressively over leveraged next week
[15:07] Shai : clsoing coming near the highs’
[15:07] Shai : that sl of ours was too aggressive
[15:08] r m : actually NF just touched the dvah!
[15:08] Shai : ok
[15:20] Shai : 7495 again
[15:21] Shai : 7459 vpoc is 1st supp for tom
[15:22] Shai : vwap of the trend day at 7441 and bracket highs 7436 major supp
[15:22] Shai : 7380 supp is now moved t0 7435f
[15:22] Shai : still can do 7520-46 by close tom
[15:26] Shai : 7400 ce started closing in past 2 hours and 7500 pe is being writtern- http://prntscr.com/3pugog
[15:28] Shai : close at highs
[15:28] Shai : Banks diod not particpate in the move today
[15:30] r m : Bye folks, have a great evening 🙂
[15:30] Shai : Bye all
[15:30] Shai : Have a nice eve