General Chat Transcript
Room Name: Vtrender
Date and Time: August 12, 2014 09:08:10
[09:06] r m : Good Morning folks!
[09:13] Amit J : GM
[09:13] r m : pre-market suggests open at 7700/1490
[09:13] r m : 14950
[09:15] Shai : Gm all
[09:16] Shai : BNF still falt
[09:16] Shai : Hypos and levels mailed last night
[09:17] r m : @Shai, exit 7500PE here or there could be a gap fill?
[09:19] Shai : keep sl at 7693
[09:20] r m : Thanks
[09:20] Shai : could be a gap fill
[09:20] Shai : 3rd day straight open away from range
[09:20] Shai : in NF that is
[09:23] Kathir : Good Morning Shai RM all
[09:24] Shai : BNF has a tick right at 15028
[09:24] r m : Hi Kathir
[09:25] Shai : It’s in the region we have tallked about in pre mkt
[09:25] Shai : BNF always vists these points
[09:27] Kiran null : shai pl sendhypo email to me.
[09:30] Shai : sent
[09:31] Shai : Buy BNF around 14950- 14960 with sl below 14870 for 15050/ 15140
[09:32] Kiran null : ok.i gotconfusedas 12 levelemail say hypo for monday..
[09:32] Shai : oh- that ‘s a typo
[09:32] r m : hypo mein typo 🙂
[09:32] Kathir : 🙂
[09:33] r m : @Shai, that SL for BNF is very deep!
[09:33] Shai : yes I know
[09:34] Shai : 14920 vah is a stop
[09:34] r m : ok
[09:34] Shai : but BNF is hesistating at 14960 from 2 days and may still be unsure
[09:34] r m : ok
[09:41] Shai : initial move is down
[09:41] Shai : BNF is looking better than NF at this stage for longs
[09:41] Shai : prefer NF to go back and test and hold 7652- 58 for longs
[09:41] Shai : BNF to cross above 14960 with good volumes
[09:42] Shai : last few days moves have come after 10.30
[09:42] Shai : NF could flatten out as an OAOR in the 7652- 7697 range today
[09:49] r m : opening tick t 5005 volume is 3125 as per ODIN, 15028 is just one lot
[09:49] r m : *15005
[10:01] Shai : ok
[10:21] Shai : very much an OAOR
[10:22] r m : is it advisable to go long above IBH in BN with stop below vwap?
[10:24] Shai : Yes RM that would be the trade from here
[10:24] r m : Thanks
[10:24] Shai : Longer time frame should come ito play today
[10:25] r m : ok
[10:25] r m : they have rested for two days now 🙂
[10:25] Shai : 7690- 7705 F is the place for the seller of last week to act
[10:26] Shai : on the spot we now have support at 7645 spot and resistance at 7694
[10:26] Shai : BNF – longs exit below 14920
[10:32] r m : some blue at vah in bn
[10:33] Shai : lots of new sellers in NF
[10:33] r m : ok
[10:34] Shai : 7670 – 7652 is an easy trade in NF with sl abv vwap
[10:34] Shai : also 2IB trade and also test of supp
[10:35] Shai : BNF in 80% trdae
[10:39] Kathir : @Shai SL for 80% trade
[10:39] Kathir : ib high
[10:40] Shai : abv vwap- 7681
[10:40] Kathir : ok thanks
[10:40] Shai : enter if 7670 breaks
[10:40] Kathir : ok
[10:41] Kathir : bnf SL?
[10:41] Shai : taken on longs
[10:42] Shai : the 80% in bnf is just a 30 pointer
[10:42] Shai : can trade with sl abv vwap
[10:48] Kathir : ok
[10:49] Kathir : @RM bnf 80% today SL bigger than taget:)
[10:49] Kathir : @Shai you mean ti take lngs now?
[10:49] r m : yes, and also buyers at the lows – 80% may turn out to be 50% today 🙂
[10:49] Kathir : 🙂
[10:50] Kathir : longs
[10:50] Kiran : VAh VAL in BNF 0 ? in left window
[10:50] r m : 14890-14925 on my charts
[10:50] Kathir : Kiran it will refresh
[10:50] r m : about the same here too
[10:50] Kathir : it goes and comes back
[10:50] Kiran : ok
[10:50] Kiran : came
[10:51] Kathir : yes 🙂
[10:51] Kiran : so the short i sbelow 925 SL 942
[10:51] Kathir : but be sure it is not 0 🙂
[10:51] r m : lol
[10:52] Kathir : SL depends ..confirm with shai
[10:56] Kathir : @RM ge give me some tips now bnf..boring
[10:57] r m : it looks in the mood of taking stops on both sides, my long was hit earlier and the short is ready to expire now!
[10:57] Kathir : oh..youu took 80% trade?
[10:57] r m : yes
[10:57] Kathir : ok
[10:58] r m : in the fond hope that below VAL BNF will follow hypo2 and go to 870 🙂
[10:58] Kathir : @RM ge based on shai’s medium term sup and res i worked one trade..it is a succes for te past week..
[10:58] Kathir : 🙂
[10:58] r m : good!
[10:58] r m : Please be sure to share that here at open 🙂
[10:59] Kathir : yeah ii am typing
[10:59] r m : ok 🙂
[10:59] Kathir : shai’s levels in bnf now is 15180-14720
[11:00] Kathir : bnf around 14900 i sold sep fur and bought aug fut immediately
[11:00] Kathir : when it came to 14760-750 range i exited short
[11:00] r m : aha!
[11:01] Kathir : it came to 14900 now i am short again in sep fut
[11:01] Kathir : i tried with one lot
[11:01] r m : good trick man
[11:01] r m : always hedged like FIIs!
[11:01] Kathir : yes
[11:02] Kathir : it if goes to 15150 range i will exit this long and wait for a pull back..and confirm trgt with shai
[11:02] r m : ok, good idea
[11:02] Kathir : in case it doesnt stop there @ 180 after my exit above 200 i will take long again for 430 range
[11:03] r m : but may not give net returns if andwhen market begins trending again
[11:03] r m : ok
[11:03] Kathir : yeah it is a trial ge
[11:03] r m : good trial
[11:04] Kathir : in that case we can exit one position
[11:04] r m : yes
[11:04] r m : for that i guess Shai’s postional entry and stops will work in trending markets
[11:04] Kathir : ex: if it crosses 180 wait and exit short @ 200 and wait for 400 to come
[11:05] r m : ok
[11:05] Kathir : yeah shai’s positional levels will work
[11:06] Kathir : @RM TTB expects experts(RM) advice on this
[11:07] Kathir : and ofcourse as usuall approval from master shai
[11:08] r m : you will get advice whether you want or not, but quite sure it will not be expert’s advice coming from me 🙂
[11:09] Kathir : lol
[11:09] r m : BNF is viewing which side of the bread is buttered – which side has more stops to hit – vwap or vah 😀
[11:11] Kathir : 🙂
[11:11] Kathir : Ge whole life i am trying trials only 🙂
[11:12] r m : undertrial is the exact word 😀
[11:12] Kathir : ok
[11:12] r m : lol
[11:13] r m : everything turning green
[11:13] Kathir : when the vah-val range is small..its difficult to trade bnf
[11:13] r m : yes
[11:14] Kathir : minimum 100-150 points vah-val is good for trading
[11:16] r m : yes
[11:16] r m : two consecutive days of balanced profile with inside day thrown in usually give good trades, but that part was done before the market opened!
[11:17] Kathir : ok
[11:17] r m : only an OAOR left for us day traders to bang our heads upon 🙂
[11:17] Kathir : 🙂
[11:29] r m : low of
[11:30] r m : oops
[11:30] r m : low of 7th aug was touched at open itself – http://screencast.com/t/IaqRZEYol08
[11:31] r m : though my gareebrath capture utility could not get that fleeting touch of 15028!
[11:43] Kathir : yeah low was 15026
[11:43] Kathir : is there any entry in bnf based on that ge?
[11:45] r m : that sometimes works as a good stop
[11:46] Kathir : ok ..should have shorted there
[11:46] Kathir : but it actually did not trade today..like a flash only
[11:48] r m : yeah, I always suspect that gap open are meant to snatch the bread out of the mouth of small traders 🙂
[11:49] Kathir : 🙂
[11:54] r m : VAH is like LOC at Indo Pak border now! big delta bars (firing) but no moement 🙂
[11:54] r m : *movement
[11:54] Kathir : lol
[11:57] Kathir : IIP data today?
[11:59] r m : yes, CPI too, after market hours
[11:59] Amit J : 5.30 both
[12:00] Kathir : ok thanks
[12:00] Kathir : will that be the trigger
[12:00] Kathir : up or down
[12:01] r m : if that is then we’ll have another gap open tomorrow followed by an OAOR 🙂
[12:01] Kathir : 🙂
[12:01] Kathir : in that cae ttb will get good profit
[12:01] Kathir : case
[12:01] r m : yes!
[12:09] r m : i moved away for 2 minutes and bn was just waiting for that to touch val!
[12:14] Kathir : did u booked profit there…it was like rocket speed
[12:15] Kathir : only pre orders got executed…even i was waiting for a buy there..couldnt
[12:17] r m : no i was not even at the screen, even if i was, could not have done that
[12:18] r m : yes, only pre-orders can catch such (wind)falls!
[12:37] Kathir : yes ge
[12:38] Kathir : you traded for 80% right..then you might placed an order near val…may you expected another downfall ther 🙂
[12:39] Kathir : this happens very rarely
[12:44] r m : I am basically trading for Shai’s 870 below 14930, hypo 2, but even for that 883 was pretty good but uncatchable
[12:45] Kathir : yeah
[12:45] r m : VA was too narrow today, not worth trading for but VAH was a good borderline to enter a trade
[12:45] Kathir : ok
[12:45] Kathir : VA u mean value area
[12:45] r m : yes
[12:46] Kathir : ok
[12:47] r m : (10:34) Shai :7670 – 7652 is an easy trade in NF with sl abv vwap
[12:47] Kathir : this time u have a chance i guess
[12:47] r m : Nifty has been in that trade for ever 🙂
[12:47] r m : yes
[12:48] r m : I am hopeful till vwap is not crossed 😀
[12:53] Shai : Not a lot of sellers at the lows in NF
[12:53] r m : ok
[12:53] Shai : they look deflated this week after back to back gap ups
[12:54] Shai : responsive sellers are stronger today in NF
[12:54] Shai : pink OF
[12:54] Kathir : volumes very low
[12:54] r m : what about BNF Shai? plenty of blue seen but unable to go above VAH
[12:55] r m : @Kathir, maybe volume will go up in the afternoon after they get rumors of CPI and IIP 🙂
[12:55] Shai : yes buyers are there in BNF
[12:55] r m : ok
[12:56] Shai : more likely to scale up abv 15960 cross
[12:56] Kathir : 🙂
[12:56] Shai : that still is a good point for new longs
[12:56] Shai : 14960**
[13:09] Shai : I’ve seen BNF jump in the second session on these kind of auction days
[13:09] Shai : Bias is long based on orderflow even though price is not confirmed
[13:10] r m : ok
[13:10] r m : long above 960, with stop at vah?
[13:11] r m : seller got annoyed by our bullish talks 😀
[13:11] Shai : but holding above pre market support of 14870 which was prev vwap
[13:12] Shai : can long abv IBH for 2ib which is the same as pre mkt tgt 1 and sl of vwap
[13:12] r m : ok
[13:12] r m : thanks
[13:13] Shai : price has to confirm
[13:13] Shai : hence IBH safer
[13:13] r m : ok
[14:00] Shai : auctioning either side of vwap is NF
[14:00] Shai : can be a neutral day centre or extreme
[14:02] Shai : OrderFlow of yesterday at 7610- https://www.dropbox.com/s/n06d258popwrann/nf_1.png
[14:02] Shai : shows 7650 and 7610 as supports for NF for the rest of this series
[14:03] Shai : the orderflow was not there at 7570 on friday so the gap up was a bonus for longs
[14:03] Shai : besides NF and FII’s are heading opposite ways unless they change things in this last hour today
[14:22] r m : 7692 crossed
[14:24] Shai : vwap not expanding
[14:24] r m : yes
[14:30] r m : dam burst!
[14:30] Shai : BNF hits the faker
[14:31] r m : lol
[14:32] Shai : the 2 pm train came at 2.30 today
[14:33] Shai : sellers countering in NF
[14:34] Shai : may dip to 7692/98
[14:36] Shai : 14960 is a buy again if OF is blue
[14:37] Shai : 7690 supp now in NF
[14:47] Shai : BNf tgt is 15150 from here
[14:47] Shai : can add abv 15055
[14:53] Shai : 15080
[14:54] Kiran : one Q. The order in left window, are shifted upwords for BNF, but not for NF
[14:55] Shai : in profile charts?
[14:56] Shai : short covering move – price not staying in one palce
[14:56] Shai : OrderFlow is not very convincing
[14:56] Shai : we will get 7690 test again in next 1-2 days
[14:57] Kiran : In left side of NF chart.
[14:59] Shai : the orderflow pane?
[15:00] Kiran : the B and S sign
[15:01] Kiran : the left side of the box of DR, IB, VAH, VAL, of NF
[15:01] Shai : yes
[15:01] Shai : price is not staying in 1 place and devloping volumes
[15:02] Shai : same in profile charts- single print upmove
[15:02] Shai : 15108
[15:06] Shai : day type is neutral extreme in NF
[15:06] Shai : close at 7770?
[15:07] Shai : move up is being sold into or long liquidated- one of the 2
[15:15] Shai : High risk NF play : To short near close preferable abv 7750 with sl above 7775 tom for 7690 tgt
[15:15] Shai : high risk
[15:16] Kiran : we can go for pe ?
[15:16] Shai : yes 7700 or 7600 pe
[15:16] Kiran : ok
[15:16] Shai : but use NF levels
[15:17] Shai : again trade in last 7-5 mins
[15:17] Shai : 15118
[15:18] Shai : BNF also neutral extreme
[15:23] Kathir : @shai is there any chance to buy ce for tomrw based on todays close
[15:25] Shai : no
[15:26] Shai : won’t recommend
[15:26] Kathir : ok thanks shai
[15:27] Shai : That NF short trade can be taken here 7752
[15:27] Shai : sl is 7772 tom
[15:31] Shai : OI at 3.29 in change terms- http://screencast.com/t/MHAIOyMPKsQ
[15:31] Shai : Bye all – Have anice eve
[15:31] Shai : see ypou tom
[15:31] r m : Thanks and bye folks, have a great evening 🙂
[15:31] Kathir : THANKS AND BYE ALL