General Chat Transcript
Date and Time: December 12, 2014 09:07:46
[08:49] Keshav : gm all
[08:51] Shai : GM all
[08:51] Shai : http://vtrender.com/levels-and-plan-for-1212/
[08:51] Shai : http://vtrender.com/premium/orderflow-charts-and-notes-1112/
[08:53] Shai : Hypo1 ) If NF auctions below 8340 -> 8305 and a further move below 8304 ->8271. Sl 8367.
[08:54] Shai : Hypo1 ) If NF auctions above 8368 -> to 8394& 8412. sl ->8345
[08:54] Keshav : experiencing loading issues with the trading room
[08:54] Keshav : the trading room link did not open for some time
[08:56] Shai : Hypo1) If BNF auctions above 18505 ->18580 and 18610.Sl-> 18450
[08:56] Shai : Hypo2) IF BNF auctions below 18405 then-> 18320- 18300. sl ->18460.
[08:58] Shai : The trading room is operated from your browser. Ocassionally the flash player plays traunt
[08:58] Shai : during such times clear your temp files and cookies or try another browser
[08:58] Keshav : okay
[08:59] Shai : also you may have to check your flash player for upgrades etc
[08:59] Shai : adobe keeps updating the settings all the time
[08:59] Keshav : hmm
[09:00] Shai : best is to set flash player on auto download on next prompt
[09:00] Keshav : okay shai will keep a check on those things
[09:01] Keshav : one more things could you tell me how this green and pink line is calculated
[09:02] Keshav : looks much like a linear regression moving average
[09:02] Shai : It is based on the volumes traded at bid and ask and averaged out through a 3 period sma
[09:02] Shai : to avoid whipsaws
[09:03] Shai : 8340 and 8367 are 2 levels to watch today
[09:04] Keshav : so its like the top panel shown as a smoothened moving average
[09:06] Shai : top panel is based on up tick and down tick and are amrket orders
[09:06] Shai : these are all orders entered as bid or ask
[09:06] Janak : sell-off from 8360-80 to continue or bull-run to 8700 continues shai?
[09:06] Shai : maybe nothing today Jank
[09:06] Shai : Looks like an inside day today
[09:07] Sharad : GM all
[09:07] Janak : If BNF auctions above 18505 ->18580 and 18610.Sl-> 18450
[09:08] Janak : this trade will be over within 1 min. of open?
[09:11] Shai : hypos stay good all day
[09:12] Janak : so better to sell around 610 and again enter for this hypo for a long :-)))
[09:12] Ravi V P : gap up is more likely
[09:12] Shai : yes sller at 610- 630 all week
[09:13] Janak : friday has been very bullish since quite sometime and bulls have trapped bears fiercely on weekends
[09:13] Shai : 8262-8338-8382 on spot
[09:13] Janak : anything from rbi meet?
[09:13] Shai : Bias down till 8338 and 8382 spot is crossed
[09:14] Shai : BNf in a 400 point range between 18300- 18700
[09:16] Janak : entered around 520 shai – lets c
[09:16] Janak : for the hypo trade
[09:17] Janak : keeping a partbook order at 580 in the system
[09:24] Shai : you are quick Janak
[09:24] Janak : 580 done! shai u r Lingaa 🙂 Thaliva!!
[09:24] Shai : I don’t remember the last time I hit a trade in the first 2 mins
[09:25] Assortz : it happens with first hypo trade of the day. but has to trade in a non human way :))
[09:25] Assortz : GM all
[09:25] Janak : shai u dont need to do that with ur order sizes something like 25000 qty and 30 pts in bn would be great
[09:25] Porus : Very low vols in bnf
[09:26] Ravi V P : 18580-10 lots only traded
[09:26] Janak : 🙂
[09:27] Janak : yes ravi – it spikes at such prices thats why i kept part book order in system
[09:27] Janak : but it will come back to 580 again to comfortably cross it
[09:28] Janak : afternoon is likely to give one-sided move
[09:29] Shai : open auction in range’
[09:29] Shai : No oTF
[09:29] Shai : vwap flattening out along with bands
[09:29] Shai : looks a sideways morning within that 8340- 8367 of the 2 hypos
[09:30] Janak : as long as green is there a re-entry around 535 seems safe?
[09:30] Shai : yes BNF above vah is good
[09:32] Ravi V P : looking at 8400 pcr oi at 1 and huhe pcr oi at 8300 n 8200, mkt seems to be bottmed out
[09:34] Janak : yday mkt was in the grips of bears in first 5 min
[09:39] Janak : rm absent today
[09:45] Shai : Rm is away attending to his brother in law on a surgery
[09:45] Shai : will be out all day
[09:45] Janak : ok
[09:46] Shai : It’s weird when RM is not here 🙂
[09:46] Shai : vwapbands are pulled tight
[09:46] Shai : almost like a line now
[09:46] Janak : sellers trying to get in – nf has strong green
[09:47] Shai : volume under 980K fr first 30 mins
[09:47] Shai : locals only
[09:51] Shai : 18482 to 18405 is a small trade in BNF on short side with sl of 18522
[09:51] Shai : only below 18482
[09:52] Shai : riskier trade so only min qty
[09:54] Janak : strong blue lines in bn
[10:03] Janak : 580 coming again!
[10:04] Janak : and next tgt of hypo 610 also
[10:04] Sharad : very small IB today
[10:12] Shai : yes
[10:13] Shai : watch for signs of vwap band expanding to know of movement which will stick
[10:13] Sharad : ok
[10:13] Shai : othrewise scalpers will fade test of extreme of band with small stops
[10:18] Keshav : is it possible to assign a audio alert when the pink green line changes color?
[10:20] Janak : 614
[10:20] Shai : hmm- good thought Keshav
[10:20] Janak : if audio can be generated- so can be an sms?
[10:21] Ravi V P : then auto trading too
[10:21] Janak : signs of things to come in afternoon – a strong bullish run can end the day at day high
[10:22] Shai : test
[10:22] Janak : all fine shai
[10:29] Shai : ok
[10:38] Sharad : is it FA if we go below IB low now ?
[10:40] Shai : yes would be
[10:40] Sharad : asking because IB is very small today
[10:40] Keshav : what is FA?
[10:41] Shai : that’s alright- context is the same
[10:41] Sharad : ok
[10:42] Shai : http://vtrender.com/of-failed-auctions-and-revisits-4/
[10:43] Keshav : need to get used to abbrevations
[10:43] Sharad : Failed Auction
[10:43] Janak : shai anomalies at 8450/8550 shd be visited in next 2 sessions?
[10:46] Sharad : Shai BNF below VAH 18522 can go to VAL 18310
[10:49] Shai : That VA is too large in BNF
[10:50] Sharad : ok so 18482 to 18405 will try
[10:50] Shai : prefer that 480 to 405 trade with sl at vah as a conservative
[10:50] Sharad : ok
[10:51] Shai : That 80% can still happen- am not saying No but just looking atbthe response in volumes since open as well as fact that it will be abv ATR and that we are within the 3 day range may make it difficult
[10:52] Sharad : yes
[10:52] Janak : bn looks set for 656 – 2ib
[10:53] Assortz : Jank but pink showing its nose :)..l
[10:53] Assortz : Janak
[10:53] Shai : 18580 should hold else down
[10:53] Janak : its flat
[10:53] Sharad : 18580 is going…
[10:53] Sharad : gone
[10:53] Janak : maybe a vwap swipe
[10:54] Sharad : Janak Shai trade…. to 405
[10:55] Janak : ok
[10:55] Sharad : now a days when ES is strong we fall other day
[10:56] Janak : we are in bull mkt and there is hardly a Friday where there is not a rally since last many months
[10:57] Sharad : true but day is long… can turnaround in afternoon
[10:57] Janak : a longa t vwap – 563 with sl at vah – if doesn’t work then the day belongs to bear
[10:58] Keshav : a lot of volumes getting accumalated north to vwap
[10:58] Keshav : and delta is not so big there
[10:58] Keshav : there could be a visit to day’s low
[10:59] Sharad : Janak let it turn green then can try buying
[10:59] Janak : 20% chance
[10:59] Keshav : if the vwap doesnt move above volume zone
[10:59] Janak : keshav
[11:00] Keshav : yes everything depends on price action
[11:00] Janak : bounce from vwap 563
[11:00] Keshav : m just statistically curious on markets
[11:08] Keshav : fractal break
[11:09] Sharad : Janak Shai trade started below vwap and DPOC… stop IB high
[11:10] Keshav : lets check the price action now on vwap
[11:12] Sharad : now below VAH 18522
[11:12] Sharad : looks set market wants FA on upper side
[11:13] Janak : still above 505 – a long trade
[11:13] Shai : 620 held again just like 300 below
[11:13] Sharad : 505 is what?
[11:13] Shai : range is holding and BNF is still inside
[11:13] Janak : (08:56) Shai :Hypo1) If BNF auctions above 18505 ->18580 and 18610.Sl-> 18450
[11:13] Sharad : ok
[11:14] Janak : (09:11) Shai :hypos stay good all day
[11:14] Sharad : haha true
[11:15] Sharad : yes Hypo 2can not kick in as start below 405 only
[11:15] Sharad : 505 gone
[11:15] Sharad : with bang
[11:16] Janak : 450 is the sl there
[11:16] Keshav : hi shai is it advisable to get in short now?
[11:16] Keshav : at the days low?
[11:16] Sharad : what are you upto men… let us earn some breads here
[11:17] Shai : No wait on shrt
[11:17] Janak : ha ha sharad – i m in short with pink from 590 man
[11:17] Janak : booked at 470
[11:17] Shai : never short when vwap band is exceeded
[11:17] Janak : and reversed
[11:17] Janak : with 440 as sl
[11:17] Sharad : i am not that fast… still short below vwap
[11:18] Shai : BNF FA confirmed
[11:18] Shai : NF almost done
[11:18] Sharad : NF wil follow
[11:18] Sharad : done shai
[11:18] Shai : elta stilla dding up shorts
[11:18] Shai : delta*
[11:19] Keshav : day low done
[11:19] Sharad : should wait for 405 right Shai… still short
[11:19] Keshav : nf
[11:19] Sharad : below Shai rekha 18482
[11:19] Shai : sl is IBL if short higher
[11:19] Sharad : ok
[11:19] Shai : avoiding new shorts as vwap band is close
[11:20] Shai : higher risk
[11:20] Keshav : okay
[11:23] Sharad : giving time to expand vwap band
[11:24] Keshav : guys, is it okay to pass commentary on few things i follow?
[11:24] Keshav : i would like to have others peoples take on the same
[11:24] Sharad : sure we welcome any type of information
[11:25] Shai : Sure feel free Keshav- It is a free room
[11:25] Keshav : bnf might take support at yesterdays vwap
[11:26] Assortz : Pls Keshav
[11:26] Sharad : Shai where can we see yesterdays vwap ?
[11:26] Sharad : what is price of vwap Keshav?
[11:28] Shai : vwap is always mentioned in the post
[11:28] Sharad : can we put it up on chart here like Shai rekha
[11:29] Shai : prev vwap in the blog post under “observation”
[11:29] Shai : yes can be done
[11:29] Sharad : everyday have to deal with so many numbers so forget that
[11:29] Assortz : 18456
[11:29] Assortz : Sharad
[11:29] Shai : Now can short BNF aain below 480
[11:30] Shai : vwap band has expanded and that trde is safer now
[11:30] Keshav : i have a amibroker cheap amibroker quote so not accurate
[11:30] Sharad : Thanks Assortz
[11:30] Shai : besides holding below IBL
[11:30] Shai : NF short here per hypo1
[11:30] Sharad : Shai please put it on chart… will be good
[11:30] Assortz : Welcome
[11:31] Shai : sure I will- It should be here from Mon
[11:31] Sharad : Thhhhhhanks
[11:32] Shai : 🙂 pleasure
[11:33] Ravi V P : Janak 18582 short covered at 18475
[11:33] Ravi V P : http://www.screencast.com/users/Ravicbe
[11:34] Janak : great ravi congrats
[11:34] Sharad : conngrats…
[11:35] Keshav : the last peak at 8340 is would be a important fractal to consider longs
[11:38] Keshav : nf into yesterdays high volume zone.
[11:38] Keshav : acquiring decent delta would give some push on the upside
[11:42] Shai : put the exit order at 18428 in BNF against the 405 of earlier
[11:42] Sharad : ok
[11:42] Shai : NF will be at 8319 wher there are responsive buyers
[11:42] Shai : see vwp band has expanded
[11:43] Shai : and day has become neutral
[11:43] Shai : plenty to play for between now and close
[11:47] Keshav : nf visit back to vwap likely
[11:48] Keshav : but no price action conformation
[11:49] Shai : buy volume picking up
[11:49] Shai : sl if IBL in bnf
[11:49] Janak : risky long at 470 with sl at 420?
[11:49] Shai : buy abv 485 only
[11:49] Janak : ok
[11:50] Shai : can also exit bNF shorts if price climbs abv 485
[11:50] Janak : bn has done 300 upmove twice in a day this week after falling 200+
[11:50] Keshav : shai why above 485??
[11:51] Sharad : may be Shai rekha red line
[11:51] Sharad : + green
[11:53] Keshav : sharad from chennai ?
[11:53] Sharad : Ahmedabad
[11:54] Keshav : okay, was thinking about a friend
[11:54] Sharad : ok
[11:54] Sharad : holding 480 well
[11:55] Janak : long trade on
[11:56] Keshav : where to position sl on bnf
[11:56] Amit J : any derivative analyst on group
[11:56] Janak : amit u r working in a corporate?
[11:57] Keshav : wish i could be one someday
[11:57] Janak : keshav i kept at day low
[11:58] Keshav : didnt get you
[11:58] Janak : sl
[11:58] Keshav : okay
[11:59] Keshav : some more rotation could be seen in bnf
[11:59] Keshav : volumes need to pick up here with positive delta
[12:00] Sharad : delta is -103
[12:00] Keshav : bnf attracted some negative delta on the downside yesterday
[12:01] Keshav : people should be looking to work on yesterdays vwap
[12:01] Keshav : for exits
[12:01] Sharad : janak it was time given to expand vwap band and that is why not buy trade here
[12:01] Sharad : buy trade above IB low
[12:03] Keshav : 8338 fractal important on nf
[12:03] Keshav : for upside
[12:05] Sharad : how do you find fractal ? Market profile chart?
[12:05] Keshav : nope
[12:05] Sharad : then
[12:05] Keshav : fractals are more accurate on spot charts
[12:06] Keshav : here its showed in arrows
[12:06] Keshav : with price return on it
[12:06] Keshav : i just assume that to be close to real fractals
[12:06] Sharad : send chart link
[12:07] Sharad : ohh you mean above in this chart…
[12:07] Keshav : yes sharad
[12:07] Sharad : it is just swing high
[12:07] Keshav : no no
[12:08] Keshav : fractals was first introduced by biill williams
[12:08] Keshav : in trading
[12:08] Sharad : ask Shai
[12:08] Sharad : is it swing high or fractal?
[12:09] Keshav : swing high could also be called as fractals
[12:09] Sharad : ok but for me it has very less significance
[12:10] Keshav : i follow elliotwave a bit
[12:10] Shai : these ones o the chart are not based on fractals- they are vokume points
[12:10] Keshav : oh
[12:10] Sharad : ok
[12:11] Keshav : i really need to understand how few things are calculated on this chart
[12:11] Keshav : could i mail you sometime this weekend shai??
[12:13] Shai : sure
[12:14] Shai : buying responses are there at lows
[12:14] Keshav : yes delta seems to kick in
[12:14] Shai : 8276 spot low against 8272 yesterday
[12:16] Keshav : bnf needs to take some good volume in this zone
[12:16] Keshav : otherwise again some rotation
[12:19] Keshav : might see some fake outs in nf
[12:20] Sharad : 8300 future possible below 8319 ?
[12:23] Shai : 2IB
[12:23] Shai : 8312-8305
[12:23] Sharad : ok
[12:23] Shai : I’m wary of that 8305- 8317 zone actually
[12:23] Shai : just around that 8262 spot
[12:24] Assortz : 8316 PDL
[12:24] Sharad : 8270 spot gone
[12:24] Assortz : we dipped twice there
[12:24] Assortz : yday
[12:24] Sharad : 8319 VAL
[12:24] Assortz : below 8305 may be quick to much spoken 8271..:)
[12:24] Shai : yes
[12:25] Shai : Sell volume is suddenly picked up from 8336
[12:25] Sharad : 8272 assorta
[12:25] Shai : last candle in amt chart- 128k v/s 1000k
[12:25] Sharad : Assortz
[12:25] Shai : 100*
[12:26] Assortz : ok Sharad
[12:26] Janak : added in long at 450 / sl 400 – superrisky trade
[12:26] Sharad : Janak the Hero
[12:27] Sharad : today you trade like Kris
[12:27] Sharad : pink both
[12:27] Janak : when nf was around here bn was around 300 yday
[12:28] Janak : it is a stronger index of the two today
[12:28] Janak : hence longs shd work here
[12:28] Keshav : relative strength oh bnf is good compared to nf
[12:28] Sharad : yes but if nifty goes 10-20 down then it should go 50-70 here
[12:28] Assortz : btw couple of heated exchange at adelaide..impressive young lads 🙂
[12:30] Sharad : i am against Janak now 18472 sold stop 18505 Ib low
[12:30] Keshav : but we need some volumes in bnf for some upmove
[12:30] Janak : sharad i am just sticking to the green
[12:31] Janak : if the pink takes an angle below – i will exit
[12:31] Sharad : i shorted below Shai rekha
[12:32] Sharad : yes but BNF is much stronger… and can be bot at fall
[12:34] Sharad : Janak i give up covered at 18452… not breaking low
[12:34] Keshav : nf lesson learnt see the otherside of the price action also
[12:37] Sharad : NF falling …. and BNF janak holding
[12:37] Janak : those are santa-rally buyers in bn sharad
[12:37] Janak : they will make a killing after a week
[12:38] Keshav : santa- rally??
[12:38] Janak : i remember one such xmas – when a week ago bn was 2000 pts down and during xmas – those guys made a killing
[12:38] Janak : to start at 18th dec as per shai
[12:39] Sharad : lets see 2014 santa
[12:39] Keshav : oh
[12:41] Keshav : bnf acquring some volumes now
[12:41] Keshav : some more required
[12:41] Sharad : wow
[12:42] Assortz : BNF caught up IBL and NF will do so?
[12:42] Keshav : now a bounce back from 480 would be a really nice price action for some sustained move up
[12:42] Janak : 99% yes
[12:44] Assortz : Shai Can we consider BNF above VWAP with SL below 480?
[12:45] Sharad : long above shai rekha 18485
[12:46] Sharad : now stop 18428 2IB
[12:46] Sharad : NF also green
[12:50] Janak : booked all longs at 510
[12:51] Janak : (12:42) Assortz :BNF caught up IBL and NF will do so?
[12:51] Sharad : vwap se dar gaya
[12:51] Sharad : crossed vwap
[12:52] Keshav : m planning to keep it open till 600
[12:52] Sharad : now it should cross 18650
[12:52] Janak : bought again at 530 / sl 480 🙂
[12:52] Sharad : last 3 day high
[12:52] Keshav : have to cover up some loss early morning
[12:53] Sharad : 18650 possible because vwap band very high
[12:53] Shai : yes assortz tat is the IB band trade
[12:53] Shai : tgt IBH
[12:54] Assortz : thanks
[12:56] Assortz : Janak covered it 🙂 ..support at 8305 was good risk reward
[12:56] Janak : good trade man
[12:57] Keshav : so a move back to IB warrants any momentum?
[12:59] Sharad : wild swings BNF
[13:00] Keshav : so 480 visited again
[13:00] Keshav : now a break above should warrant some really good move
[13:01] Keshav : the volumes got accumalated in bnf
[13:01] Keshav : just wondering why the delta is not picking up
[13:02] Sharad : never go by BNF delta …. i always see NF delta only
[13:03] Sharad : Shai what is support in USDINR it started selling from peak 62.71
[13:05] Keshav : bnf should take a support at vwap
[13:05] Keshav : then bounce of from there
[13:05] Keshav : break on the bottom would be bad
[13:07] Assortz : seems foundation is beind made for post 2 pm drama 🙂
[13:07] Assortz : *being
[13:09] Janak : bn delta same as it was at 434 – that means OTF buyer is in?
[13:12] Assortz : safer trades may be shorts as per hypo and long above PDH..till then wait and watch
[13:12] Assortz : BNF
[13:12] Keshav : true
[13:13] Assortz : especially when IB is smaller..easy to be caught at both end
[13:14] Shai : move abv vwap not coming
[13:14] Shai : exit longs
[13:15] Janak : 🙂
[13:15] Shai : thsi market is suspect till it stays abv vwap for aft session
[13:15] Keshav : hmm
[13:15] Shai : else we can drop even to 8271F
[13:15] Sharad : yes even NF not touched vwap
[13:15] Keshav : just banking on the volumes as of now
[13:16] Shai : nice bounce off 8259 spot
[13:16] Sharad : (12:52) Sharad :now it should cross 18650
[13:16] Sharad : sorry wrong message copied
[13:17] Sharad : (13:03) Sharad :Shai what is support in USDINR it started selling from peak 62.71
[13:17] Keshav : what is the dark blue dash line at 8336
[13:17] Sharad : DPOC
[13:18] Keshav : todays point of control?
[13:18] Sharad : yes
[13:18] Sharad : developing point of control
[13:19] Keshav : calculated on tick basis or candle?
[13:20] Keshav : particular tick’s volume or candle’s volume?
[13:20] Sharad : that Shai know
[13:24] Keshav : is it possible to find out if people are buying or selling at the vwap?
[13:28] Shai : 62.51 and 62.38 on clsoing today
[13:28] Shai : friday and may be volatile
[13:29] Shai : Keshav the amt chart has all the volumes
[13:29] Shai : volume at price for all prices including vwap
[13:30] Shai : in the 30 min chart against the price you can also see if the total trades taken there was on buyside or sell side
[13:30] Keshav : okay
[13:32] Shai : down from below vwap again
[13:33] Ravi V P : 8400ce increasing in change in oi and so nifty will bepushed down
[13:33] Ravi V P : till 8290 nf
[13:36] Shai : looking to short near 8330 with sl of 8345 for a close at lows
[13:36] Shai : neutral extreme on close
[13:37] Shai : tgt is either 8305 or the elsuive 8271
[13:38] Porus : and bnf?
[13:43] Janak : shai nf delta crosses 100
[13:43] Janak : a long wouldn’t be safer?
[13:44] Janak : or u r banking on -ve delta of bn to drag it down?
[13:44] Sharad : Thanks shai for iNR
[13:44] Keshav : a bounce over vwap and support back to it and a break above would be a nice conformation for longs
[13:46] Sharad : both nf and bnf should be above for buying now
[13:46] Sharad : above vwap
[13:46] Ravi V P : 8100-8600 ce writings are on
[13:48] Ravi V P : delta call 2163675 delta put 1733500
[13:48] Keshav : what is this measure ravi?
[13:49] Ravi V P : change in oi for the given day in option
[13:50] Ravi V P : 8.1 lacs change in oi 6.35 lac volume in 8400ce
[13:51] Ravi V P : change in oi> Volume:Sell
[13:52] Shai : Porus BNF not very clear here
[13:52] Shai : suggest avoid
[13:53] Ravi V P : ok keshav
[13:53] Shai : (13:36) Shai :looking to short near 8330 with sl of 8345 for a close at lows
[13:53] Shai : Jank on NE – (13:36) Shai :neutral extreme on close
[13:54] Janak : too good
[13:54] Ravi V P : shai shorted as per call at 8330
[13:54] Ravi V P : your call
[13:54] Shai : cool Ravi
[13:54] Shai : (13:37) Shai :tgt is either 8305 or the elsuive 8271
[13:54] Shai : Never trust a friday afternoon – take what you get
[13:55] Sharad : low 8306 very good call Shai
[13:55] Keshav : oh todays friday
[13:55] Shai : if we do close at lows anticpatory long calls for next week are a good idea
[14:02] Janak : unless bn falls below 450 – mkt will not fall below 8300?
[14:03] Janak : despite huge -ve delta – bn is bought in 450-70 zone
[14:03] Janak : or maybe a fast 100 pt down move is there
[14:04] Shai : pdl sl can go down to that 8271
[14:04] Shai : yes BNF shorting at lows is not paying
[14:04] Shai : short near vwap has woked
[14:04] Shai : worked*
[14:05] Ravi V P : cnxit is used for hammering
[14:05] Shai : 8247
[14:06] Shai : longer time frame investors will look to buy dips with nifty value around 8180- 8240
[14:06] Shai : hence if we get 8271 exchange to ce’s which we will hold for Mon
[14:07] Shai : first tgt is 8340 spot
[14:08] Assortz : so hypo short BNF is not advisable today
[14:10] Shai : yes below 405 can do that tgt
[14:10] Assortz : thanks
[14:11] Shai : in the context of the morning auction it looks diff
[14:11] Shai : sl is 8316 for any trailing shorts
[14:11] Shai : can close at vwap if 8317 is crossed now
[14:18] Janak : bought bn at 435 – sl 400 – consider as gone trade
[14:18] Janak : 480 shd book?
[14:18] Janak : or hold for vwap
[14:20] Janak : green comes at 480
[14:30] Shai : 8278
[14:30] Shai : Janak if you are looking for overnight carry then accumulate BNF is a good idea
[14:30] Janak : long?
[14:30] Shai : sl of 18300 should push it back to 18580 mnext week
[14:30] Janak : ok
[14:31] Janak : 8600ce looks wishful for santa rally?
[14:31] Janak : 5 bucks
[14:31] Shai : no not good will decay
[14:31] Janak : ok
[14:32] Janak : looks like we are done with the low for the series?
[14:32] Janak : or monday morning has something more?
[14:32] Shai : maybe
[14:33] Shai : when BNF is not going down the nifty move is always suspect
[14:33] Shai : 18300 is the weekly low in BNF
[14:33] Shai : NF beyong this week’s low
[14:33] Assortz : exactly
[14:34] Shai : cuttng shorts – into 8400 ce at 32
[14:34] Janak : ok
[14:36] Janak : more grinding in last hour now
[14:36] Shai : looking like a neutral extreme- so close at lows
[14:37] Shai : reson to close – is the amt chart
[14:37] Shai : buy volume is picking up heavily at lows
[14:37] Shai : 655 v/s 499 k
[14:38] Shai : does not mean it will not go further but the view is that dips tfrom 8240- 8180 will be bought as this is a bull market afterall
[14:39] Shai : see the vol excahnge at 8280- 8286
[14:39] Keshav : too much devastation within the lunch break
[14:39] Janak : bought bn at 410 with 350 as sl
[14:39] Janak : might not go well?
[14:39] Janak : for intra
[14:40] Janak : 490 may come?
[14:40] Janak : or vwap
[14:42] Janak : looks like a goner
[14:43] Keshav : bnf closed long
[14:43] Janak : bn delta works like a powerplay 🙂
[14:45] Assortz : Can we lower SL for BNF from 460?
[14:45] Assortz : may be 410?
[14:47] Shai : 8271
[14:47] Shai : yes
[14:48] Sharad : 8271 done now what shai
[14:48] Shai : buy ce’s part her and part at close
[14:48] Sharad : higher side target
[14:48] Shai : 8340 to begin
[14:48] Sharad : ok
[14:50] Janak : again a contra trade 360 / sl 300
[14:50] Shai : 8340 is spot
[14:51] Shai : try booking BNF shorts – 3IB is done
[14:52] Shai : still 51 point discount
[14:52] Shai : want to see that at 38 by close today’
[14:52] Shai : 51 point premium**
[14:54] Janak : 360-410 – out – bit of loss recovered
[14:55] Shai : 8626- 8219= 407 points
[15:03] Shai : 8268
[15:03] Assortz : 8180 spot seems coming..final destination?
[15:05] Shai : yes that is where the 31st oct buyers are
[15:05] Shai : if that breaks then a panic 200 pont fall
[15:06] Shai : stright down to 7980
[15:06] Sharad : so no new year buying ???
[15:07] Assortz : depends on 8180 Sharad 🙂
[15:07] Sharad : yes
[15:08] Assortz : today is NF day and BNF not in sync
[15:09] Ravi V P : 13:46 Ravi V: 8100-8600 ce writings are on
[15:09] Janak : but by up and down rounds bnf has given a 1000 pts today to trade with
[15:09] Ravi V P : Still writing is going on being Friday
[15:10] Ravi V P : shai Nifty covered at 8271
[15:10] Janak : that green in bn goes to 527
[15:10] Janak : today or onday
[15:11] Sharad : 522 VAH
[15:11] Sharad : today not possible
[15:11] Assortz : yes 18300-18330 proves to be rock bottom support..but doubt if it will sustain next and break of that is again a quick movement how NF did after 8305 break
[15:12] Janak : yes assortz – think of it as an instrument – a 1000 pts in a day it gives to trade with man – if one goes deeper / very deeper – what can one do with it!
[15:13] Janak : it is the finest instrument for traders
[15:13] Assortz : have to jog 10 miles everyday monring Janak to have stamina to true the swings of BNF 🙂
[15:13] Janak : but it is not meant for faint-hearted 🙂 as it can bankrupt in eyeblinks :::
[15:13] Janak : ha ha
[15:13] Assortz : true true 🙂
[15:14] Assortz : *true – trade
[15:14] Janak : i think shai can take some weekend audio classes to let us delve deeper in bn trading? if all agree – pl. mention
[15:15] Keshav : m in
[15:16] Assortz : weekend he may be away…we can request for friday evening if he is comfortable
[15:16] Sharad : yes
[15:16] Janak : ok anytime is fine – I am in
[15:16] Porus : Great idea
[15:16] Ravi V P : Janak: After serious errors, we started trading nf and bnf only when both are in buy or sell level together. never does ulta
[15:18] Janak : ravi – i am talking about the finer aspects of bn trading which only VT members would know
[15:18] Ravi V P : ok
[15:18] Janak : bought bn at 400 for last 10 min trading
[15:18] Janak : positional separate
[15:19] Assortz : 460 it may go or even 492
[15:19] Janak : i would book at 435
[15:19] Janak : sl at cost
[15:20] Janak : done
[15:20] Assortz : you got it..first 2 mins and last 2 mins trades today 🙂
[15:21] Janak : 🙂
[15:21] Janak : assortz – i must be the worst trader in this room
[15:21] Shai : FA at 8363 F tday when crossed will set up the santa rally
[15:21] Shai : same in BNF at 18620
[15:21] Assortz : Yes Shai noted FA level for next week action 🙂
[15:21] Shai : this fall post FA failure at 8540 from RBI
[15:22] Shai : responsive buying obvious in NF at lows
[15:23] Janak : nf up 20 pts from day low / bn 100!
[15:23] Assortz : Janak you are one sort of gut trader. 🙂
[15:23] Assortz : not worst
[15:23] Shai : even BNF down at lows there was more buy volume
[15:24] Janak : assorts – i have completely lost all the trading capital in my account for n no.. of times while trading bn 🙂
[15:24] Shai : and if delta is green when buy volume is more it meant aggressive market orders to buy
[15:24] Janak : assortz
[15:24] Janak : and yet i come back to gamble
[15:24] Shai : first thing these buyers want to do on Mon is to keep it abv 8271
[15:24] Assortz : Janak everybody does 🙂
[15:25] Shai : by themiddle of the week next santa rally should be here
[15:25] Janak : shai u expect 8700 in santa rally?
[15:25] Shai : 8700 only if 8500 croses
[15:26] Janak : do u expect a cross of 8500 😉 ?
[15:26] Assortz : or 8552 Scene of crime for safer side to target 8700
[15:27] Shai : I’ll add up abv 8410 Janak
[15:27] Janak : ok shai got it
[15:27] Sharad : 8410 spot
[15:27] Sharad : ?
[15:27] Shai : first let’s see what happens 8350
[15:27] Shai : yes 8410 spot should force out some of thse sellers
[15:28] Sharad : ok sofuture 8450
[15:29] Janak : OI in 8600ce shows 13 cr
[15:30] Ravi V P : 58.20 lacs
[15:30] Shai : Bye all
[15:31] Shai : Have a nice relaxing weekend
[15:31] Sharad : bye all
[15:31] Shai : see you all on Mon
[15:31] Porus : bye all