OrderFlow charts and Notes 17/12

[08:44]   r m : Good Morning folks!
[08:44]   r m : http://vtrender.com/levels-and-plan-for-17th-dec/
[08:44]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-1612/
[08:44]   Porus : GM all
[08:44]   r m : NF Hypo1 above 8147➜8178-79➜8228 SL 8119 Hypo2 below 8099➜8056 SL 8121 DEC Future levels
[08:45]   r m : BNF Hypo1 above 18079➜18203➜18290 SL18030 Hypo2 below 18010➜17860➜17767 SL18130 DEC Future levels
[08:50]   Shai : Gm all
[08:50]   Sharad : GM all
[08:59]   Kathir : GM Shai RM and all friends
[09:00]   Assortz : GM all
[09:01]   r m : Hi Kathir
[09:07]   Kathir : hi assortz
[09:09]   Kathir : @Shai usd/inr aove 64 🙂
[09:09]   Kathir : marching towards 64.22
[09:11]   Keshav : morning all
[09:16]   Kathir : @SHAI shall we initiate short nf with 8121 SL ?
[09:16]   Shai : take shorts below pdl- 4
[09:16]   Kathir : ok
[09:17]   Shai : 17767 obj below 18030 close is almost here
[09:17]   Assortz : HI Kathir
[09:18]   Shai : 8056 obj in NF with sl of 8122
[09:19]   Shai : Could be a volatile session today
[09:19]   Shai : Market split between dip buyers of the longer time frame and short term sellers
[09:19]   Shai : when 2 TF’s clash there is always volatility
[09:20]   Amit J : shai when do you expect santa rally to start
[09:20]   Shai : Amit I had proj 18th dec
[09:20]   Amit J : thanks
[09:21]   Shai : Our reliable MO indicator will tell us that the bottom is not very far away or made near here
[09:21]   Amit J : do you continue with same view
[09:21]   Amit J : ok
[09:22]   Shai : If you are looking at recovery don’t expect V
[09:22]   Shai : It’s better that the market stays in a quiet 60 point range and forms a U
[09:22]   Keshav : hmm
[09:23]   Assortz : Shai Can you pls repeat NS support ref levels below
[09:24]   Kathir : 08:44 r m: NF Hypo1 above 8147➜8178-79➜8228 SL 8119 Hypo2 below 8099➜8056 SL 8121 DEC Future levels
[09:25]   Shai : below 8040 it is 7980 and below 7980 dive to 7788 with 7965 as sl
[09:25]   Assortz : yes this one..thanks
[09:25]   Shai : 7788/ 7726
[09:25]   Kathir : spot?
[09:25]   Shai : yes
[09:25]   Kathir : ok
[09:25]   Shai : spot BN also critcial zone
[09:26]   Shai : 17680 BN spot imp
[09:26]   Shai : 17430 spot in BN is next supp beow 680
[09:26]   Assortz : 17430/17370
[09:27]   Shai : can fall to 16585 if 17430 also ges
[09:27]   Shai : 8121 ref line for intra today
[09:27]   Assortz : 680 spot under threat
[09:28]   Kathir : yes 8120 high ? great one shai
[09:28]   Shai : more likely we see a fast dip to 8056 in the morning and then a rise by close?
[09:28]   Kathir : assortz did u sell nf around 8118
[09:28]   Kathir : 8110
[09:28]   Assortz : 8100 Kathir
[09:28]   Kathir : super
[09:29]   Kathir : me @ 8106
[09:29]   Shai : watch 64.22 in usdinr
[09:29]   Assortz : great..seems you waited but I did once hypo gate opened 🙂
[09:29]   Shai : be aware that RBI is also watching abv 64 🙂
[09:30]   Kathir : rajan is working with his calculators
[09:30]   r m : Govt babus wake up after 10 🙂
[09:30]   Kathir : 10.15 they will arrange a meeting
[09:31]   Kathir : nf spot below 8040
[09:31]   Shai : ok
[09:31]   Shai : long or short today stay fleet footed
[09:31]   Shai : profits can slip away in mins
[09:31]   Shai : it’s that kind of environment if you are short term trader
[09:32]   Keshav : hmm
[09:32]   Shai : 17594
[09:32]   Shai : 17503 ref line in BNF F
[09:33]   r m : ES range was 50 points yesterday!
[09:33]   Assortz : spot 680-710 given away easily
[09:33]   Shai : yes looks like trade is reversed and long BN short NF is now short BN and long NF
[09:39]   Keshav : oh
[09:39]   Keshav : 50 is like almost 2.5%
[09:40]   Janak : shai a bounce till 725 ?
[09:40]   Kathir : @shai Sl for bnf spot view ?
[09:41]   Kathir : assortz time to book
[09:42]   Assortz : below 8060 Kathir
[09:42]   Kathir : ok
[09:42]   Kathir : me exited @ 63
[09:42]   Assortz : ok
[09:45]   Assortz : Kathir done at 61
[09:45]   Kathir : great one thanks to shai
[09:46]   Kathir : may be we can try few longs let us wait and confirm with shai..7980 spot pending
[09:47]   Assortz : yes
[09:47]   Kathir : @RM ji whats the MO now
[09:49]   Assortz : :)) (09:40) Janak :shai a bounce till 725 ?
[09:49]   Janak : 🙂
[09:49]   Janak : i am a disciple of an able master assortz
[09:49]   r m : @Kathir, -82
[09:50]   Assortz : yes Janak that will pay always..be a servant to a loyal master and you will be rewarded in a royal way always :))
[09:50]   r m : broader market is not very bad, adv/dec is 470/654
[09:50]   Keshav : hmm
[09:51]   Assortz : VWAP +20 can we initiate buy with BNF?
[09:51]   Janak : below 600 or around 625/575 zone can be good?
[09:51]   Assortz : thats a good ratio RM
[09:51]   Assortz : after all whats done
[09:51]   Kathir : @rm thanks
[09:52]   r m : welcome
[09:52]   Janak : (09:28) Shai :more likely we see a fast dip to 8056 in the morning and then a rise by close?
[09:52]   Janak : mkt did 8055
[09:53]   Kathir : @rm 17500 pe yest 27 rs low and 233 high today 🙁
[09:53]   Assortz : Yes it did..great one
[09:53]   r m : @Kathir, yeah but you booked out yesterday I think?
[09:53]   Kathir : yeah i was holding 17300 pe booked yest
[09:54]   r m : ok
[09:54]   Assortz : and also 8100 PE you closed 🙂
[09:54]   Assortz : where is it now?
[09:54]   r m : 96
[09:54]   Kathir : yes assortz..fear of rajan
[09:54]   Kathir : oops
[09:54]   Assortz : almost double 🙂
[09:54]   Kathir : bought around 14
[09:54]   Kathir : oh 47 8100 pe
[09:55]   Assortz : its better we never recollect closed trades and lost love :)..more pain
[09:55]   Keshav : true
[09:55]   Kathir : more pain in 17300 – 130 now
[09:55]   Kathir : 14- 130
[09:55]   Assortz : thats sad
[09:56]   Kathir : true assortz
[09:56]   r m : yes, the moment you book an option remove it from market watch, that makes it more bearable 🙂
[09:56]   Kathir : 🙂
[09:56]   Assortz : I do it RM 🙂
[09:56]   r m : 🙂
[09:57]   Kathir : i have to do it 🙂
[09:57]   r m : lol
[09:57]   Shai : try to sell BNF near vwap and tgt is 503
[09:57]   Shai : 17785 dvah sl for all shorts
[09:57]   Shai : can move down with dvah
[09:58]   Kathir : @shai Sl for bnf spot trades
[09:58]   Kathir : ie below 17680 – 430 -16585 SL for this view
[09:58]   Assortz : towards 7980 spot
[10:01]   Shai : Kathir 17720
[10:01]   Shai : spot
[10:01]   Kathir : ok thanks
[10:02]   Kathir : 7980 nf spot
[10:02]   Keshav : any longs in nf??
[10:02]   Keshav : at this point?
[10:02]   Assortz : yes
[10:03]   Keshav : @shai advise
[10:03]   Shai : No Keshav
[10:03]   Keshav : okay
[10:03]   Shai : longs to be taken abv vwap
[10:03]   Keshav : hmm
[10:04]   Shai : this is the bigger TF players in action and they are swift
[10:04]   Shai : ask your self : is the buyer doing agood job?
[10:04]   Shai : Is the seller giving up?
[10:04]   Assortz : @Kehsav (09:25) Shai :below 8040 it is 7980 and below 7980 dive to 7788 with 7965 as sl
[10:05]   Keshav : hmm. right
[10:05]   Shai : vix at 18
[10:05]   Shai : stay with trend
[10:05]   Shai : these are not normal mkts
[10:06]   Keshav : yesterday was the first time i sat through a 160 point fall
[10:06]   Amit J : @rm MO is below 90. Historically anytime we remained below 90 for more than 2 days?
[10:06]   Janak : shai sell around 650 for 550?
[10:07]   Shai : yes
[10:07]   Shai : 503 tgt
[10:07]   Janak : ok sl?
[10:07]   Shai : 7998 F now in NF supp
[10:08]   Shai : sl just abv vwap
[10:08]   Shai : end of the first hour- selling should subside ?
[10:09]   r m : @Amit, up to two days yes, it went to near -120 too but don’t remember it keeping below -90 for more than 2 days
[10:10]   Shai : Yes MO has seen upto -120 but that was also a geo political event
[10:10]   Shai : this dive is on the russian currency event
[10:10]   r m : ok
[10:11]   Amit J : thanks
[10:11]   Shai : Lots of chatter on social media including a possible miliatart coup in Russia 🙂
[10:11]   Keshav : what does it have to do with indian market confidence
[10:11]   Shai : That guy wa sjust voted man of the year by Russians
[10:11]   Shai : 7998 F ref line below 8056 F
[10:12]   Shai : 17503 F below 17767
[10:12]   Shai : the same levels play out on any intra move up
[10:12]   r m : MO remained above 100 for one full week in Jan 2012 🙂
[10:12]   r m : bulls are steadier then bears!
[10:12]   Shai : yesterday’s bunce was 52 points
[10:13]   Assortz : bulls walk and bears run 🙂
[10:13]   Shai : so today if buyers come back we should see 52 x 2 = 104 bounce off lows
[10:13]   Shai : RM anything you associate with Jan 2012 readily?
[10:13]   Keshav : hmm
[10:14]   r m : @Shai, no
[10:14]   Shai : ok
[10:14]   Shai : could have been those PIIGs?
[10:15]   r m : maybe, whole globe was going up like a rocket then
[10:17]   Assortz : NF delta -131 from -30
[10:17]   Porus : cnxit falling like a stone
[10:21]   Janak : shai u said santa buyers wud appear on wed-thurs
[10:21]   Janak : today is the day?
[10:21]   Janak : afternoon maybe
[10:25]   Amit J : he told in morning from tomorrow he was expecting
[10:25]   r m : @Janak, file a PIL against Santa in SC, our judges will surely rule in favor of common men 🙂
[10:26]   Janak : wait till 19th – PK aa raha he na’;
[10:26]   r m : ok
[10:27]   Shai : personally was expecting a 8100- 8180 kind of range or maye linited to 8056F in morning
[10:27]   Shai : drop below means that bulls are not ready yet
[10:27]   Keshav : hmm
[10:27]   Shai : there was some evidence yesterday witha 52 point rise
[10:27]   Shai : so far nothing
[10:28]   Kathir : yest IT was supporting today not
[10:29]   r m : @Shai, what is the trade size criteria you have set for algo in NF?
[10:29]   Shai : it’s overdone
[10:29]   Shai : one of thsse next 3 sessions wil se a sharp 100- 180 point rise
[10:29]   Shai : RM about 400000 vol in 5 secs
[10:30]   r m : Thanks
[10:30]   Shai : has to be one order hence time restriction
[10:30]   r m : yes
[10:30]   Shai : BN at vwap
[10:33]   Shai : first green in NF from open
[10:34]   Shai : 8056 test coming again
[10:34]   Shai : 17760 in BNF from here
[10:34]   Keshav : hmm
[10:38]   r m : 2 minutes is all it took 8056/17760!
[10:38]   Shai : abv 8066 dpoc counter trend dtrade is to 8095/ 8120 sl of 8050
[10:39]   Shai : yes it is for quick fingers now- this mkt
[10:39]   Kathir : @ simply say RM’s market
[10:40]   r m : lol, more like Janak’s market, see how quiet he has been, busy minting 🙂
[10:40]   Kathir : yeah he is a super computer
[10:41]   Assortz : above 710 spot can we give a try for counter trade in BNF Shai?
[10:41]   Shai : 720 spot Assortz
[10:41]   Kathir : 17720
[10:42]   Kathir : shall we buy above that shai
[10:42]   Assortz : thanks
[10:42]   Shai : yes
[10:42]   Shai : yes
[10:42]   Kathir : ok thanks
[10:42]   Shai : 8066 F trigger in NF
[10:42]   Shai : about 17767 in BNF
[10:43]   Assortz : it would be around 17820 F in BN Shai
[10:43]   Shai : poor low in NF and BNF so not a tadeable bottom on the bigger TF
[10:43]   Kathir : @shai now nf spot what sl for shorts
[10:43]   Kathir : i mean spot like 17720 in bnf
[10:44]   Kathir : 8065?
[10:45]   Shai : yes 8066 spot
[10:45]   Kathir : ok thanks
[10:47]   Shai : green is steady in NF
[10:47]   Shai : can do that 8096/ 8120
[10:47]   Shai : trigger is abv dpoc
[10:48]   Janak : seller can come back here for a round below 700?
[10:50]   Shai : wait don’t sell
[10:50]   Shai : let it play out
[10:50]   Shai : +52 again In NF
[10:50]   Shai : from lows
[10:51]   Assortz : Janak it trades comfortable above dpoc and VWAP..yday we never had this moment
[10:52]   Kathir : @shai if bnf spot crosses 17720 comfortably what would be the immediate trgt
[10:52]   Shai : we are in single prints and in BNF that open price can be visisted
[10:52]   Janak : before that a touch to vwap?
[10:53]   Shai : 17816 spot and 18008
[10:53]   Kathir : ok thanks
[10:56]   Shai : (10:12) Shai :yesterday’s bunce was 52 points
[10:56]   Shai : (10:13) Shai :so today if buyers come back we should see 52 x 2 = 104 bounce off lows
[10:57]   Kathir : bnf
[10:58]   Mandar : GM all. Shai, if 8100 pe starts trading below 60 then is it safe to say bottom in nifty is at place?
[10:59]   Shai : Mandar if bulls take t abv 8066 spot then they will consider themselves safe
[10:59]   Shai : preferbale closing basis
[10:59]   Mandar : ok
[10:59]   Shai : then we look at 8140- 8180 again
[10:59]   Mandar : ok
[11:00]   Shai : BNF
[11:01]   Assortz : BNF great trade that was..
[11:01]   Assortz : thanks Shai
[11:01]   Assortz : now waiting for 8095 in NF
[11:01]   Shai : went past
[11:01]   Shai : pdl to val
[11:02]   Shai : val to vah also possible abv pdl in BNF
[11:03]   Shai : bear has done 16 and 18 points snce IB finished
[11:04]   Janak : bn does 300 down and then 300 up – now we are playing a game here
[11:05]   Janak : below 18k – it is still the seller calling shots
[11:05]   Shai : 17860 imp now in BNF
[11:08]   Porus : Sgai, below vwap in NF, can sell ?
[11:08]   Janak : although green is super strong pointing up
[11:09]   Janak : shai can this do 18010?
[11:09]   Shai : Porus now below 8056 ref level only
[11:10]   Keshav : structure seems more position for nf
[11:10]   Keshav : positive
[11:10]   Shai : Porus mkt was stretched on the downside and some releif expected
[11:10]   Shai : let’s see how much
[11:10]   Keshav : need to keep a watch in todays nf vwap
[11:11]   Shai : one of those days today when intra dayers with clear setups will make money both sides
[11:11]   Shai : at the moment we are playing for a test of 8066 spot and 8096-8120F
[11:12]   Shai : allow 10 points on those for the volatility
[11:12]   Shai : we get a clearer idea on direction once those points are visisted
[11:14]   Shai : big 60 min candle in BN
[11:14]   Shai : that low of 17600 is undecided but there were 3 bottoms there
[11:17]   Assortz : first bottom given a bounce of 100 points and then we retested it and have this bounce now..so, it has some valid support
[11:18]   Kathir : pink in bnf
[11:26]   Amit J : green again
[11:33]   Janak : seller at 950 is strong
[11:33]   Janak : all that bulls have done so far is absorb morning selling + 60-80
[11:34]   Janak : the nice move here would be a touch to 759?
[11:46]   Shai : vix don from highs
[11:46]   Shai : *down
[11:46]   Shai : usdinr also slipping down
[11:46]   Keshav : yes
[11:48]   Shai : day vwap 8059
[11:48]   Shai : day dpoc 8063
[11:48]   Shai : day midpoint 8063
[11:48]   Keshav : hmm
[11:48]   Keshav : might balance out the movement going forward i guess
[11:48]   Shai : same in BNF at 17790 midpoint
[11:49]   Shai : 17785 dpoc and vwap at 17770
[11:49]   Kathir : @SHAI vix comes down means selling stopped?
[11:49]   Shai : Kthir long only puts may be booking profits
[11:49]   Keshav : option pricing aggresiveness has come down
[11:49]   Kathir : ok
[11:50]   Amit J : shai your view on rcap please
[11:50]   Keshav : shai also on suntv and nmdc
[11:53]   Shai : relcap headed to 498
[11:53]   Shai : sl is 469 from current low
[11:54]   Shai : seller at 510 so supply there
[11:55]   Kathir : today also good volumes in nf and bnf
[11:55]   Shai : sun tv also may bounce upto 353- 357
[11:55]   Shai : where sellers may short again
[11:55]   Keshav : okay
[11:56]   Shai : NMDC price obj of the move abv 136 is at 139.5 and 140.3
[11:56]   Shai : can’t see much beyond 140.5
[11:56]   Keshav : okay
[11:57]   Shai : 8095
[11:57]   Kathir : 8006
[11:57]   Kathir : 18008
[11:57]   Shai : BNF now into 80%
[11:57]   Shai : barely held pdl
[11:58]   Shai : 18056 tgt
[11:58]   Shai : sl of 17920
[11:59]   Assortz : Shai am not getting this (09:25) Shai :below 8040 it is 7980 and below 7980 dive to 7788 with 7965 as sl
[11:59]   Assortz : pls ignore
[12:00]   Assortz : am not getting this (11:57) Shai :barely held pdl
[12:00]   Shai : that was for BNF
[12:00]   Shai : on trend days we watch for movement in pdl to val and then val to poc and poc to vah
[12:01]   Assortz : ok
[12:03]   Shai : 8058 spot
[12:03]   Shai : imp for trend at this price point
[12:05]   Assortz : 18030 had a good support before it lost heavily
[12:05]   Assortz : yesterday
[12:05]   Shai : yes
[12:05]   Shai : poc today
[12:06]   Kathir : nf was sent back from PDL now
[12:06]   Kathir : bnf from poc
[12:06]   Assortz : when we clear that POC, we will hit Hypo 1 trade in BNF
[12:07]   Kathir : BNF Hypo1 above 18079➜18203➜18290 SL18030
[12:08]   Shai : yes
[12:08]   Assortz : Yes Kathir..above 18030 it should move quickly 20-30 points
[12:08]   Kathir : ok
[12:08]   Shai : eyeing 8020- 8040 F abv 8101
[12:08]   Shai : still staying with sl of 8051
[12:08]   Shai : but reduced qty at 892
[12:08]   Shai : 8092
[12:09]   Kathir : 8020 – 8040?
[12:09]   Shai : eyeing 8120- 8140***
[12:09]   Kathir : ok
[12:09]   Kathir : @shai if nf spot crosses 8066 comfortably shall we try some ce for tomr
[12:09]   Kathir : or closses above that
[12:09]   Shai : yes Kathir
[12:10]   Shai : view would be for 8140/ 8180 spot visist next
[12:10]   Kathir : ok
[12:10]   Shai : prefer a close abv 8066 spot actually
[12:10]   Kathir : ok
[12:10]   Shai : thse 80- 100 points should be an easy trade
[12:11]   Shai : most likely scenario then is a weekly close at 8115- 8125 spot
[12:12]   Shai : BN spot 18000- 18016 is somehere around that 18079 F of hypo 1
[12:12]   Shai : relazation point for the conservative bull playing a bounce
[12:13]   Shai : good mkt this week for day traders
[12:13]   Shai : have been stable moves without a lot of whip
[12:15]   Assortz : BNF tries to visit VAL..contra trade at 18030 should have been taken..missed it..
[12:19]   Kathir : @shai is that view of nf spot below 7980 to 7788 is still open or arrested?
[12:19]   Kathir : low is 7960
[12:22]   Janak : shai upper tgt now from here in bn?
[12:22]   Janak : what is vah?
[12:22]   Kathir : 11:58 Shai : 18056 tgt
[12:23]   Kathir : Sl 17920
[12:23]   Janak : thnx kathir
[12:23]   Kathir : welcome
[12:24]   Kathir : vah not visible
[12:25]   Assortz : pink is in action below VAL
[12:29]   Assortz : yesterday we had a whip when it moved up to IBL in the afternoon..today vice versa seems
[12:30]   Kathir : nf delta not good for for longs now?
[12:30]   Janak : its a buy at 910 bn?
[12:30]   Janak : for 18056?
[12:31]   Kathir : not sure JG SL was 17920
[12:31]   Assortz : Janak but SL.am searching for it
[12:31]   Janak : sl 850
[12:31]   Assortz : ok PDL
[12:31]   Assortz : 863?
[12:31]   Janak : it is a risky trade against pin/pink
[12:31]   Assortz : that would be apt if we have to try long here
[12:31]   Shai : BNf stopped out
[12:32]   Shai : trade location for longs still good abv pdl but
[12:32]   Shai : Not much abv poc yet
[12:32]   Janak : but delta is still +ve in bn
[12:32]   Shai : 8051- 8064 band is support in NF
[12:32]   Keshav : @rm pls post volume profile nf ninjatrader
[12:33]   Shai : one round at 8100 F equivalent to 8060 spot not seeing new buying
[12:34]   Assortz : yes delta back to -140 levels from -40 when we reached 8100
[12:34]   Assortz : NF
[12:34]   Shai : today is FOMC press statement
[12:35]   Shai : also wed crude oild inventories are bigger this week than any other week for oil
[12:35]   Janak : nf delta slowly reducing -ve count can only take bn up
[12:36]   Kathir : @shai is that view of nf spot below 7980 to 7788 is still open or arrested?
[12:39]   Assortz : crude bears having their dream run..wake up everyday with 100-200 points down
[12:40]   Kathir : but poor indians we are petrol prices just 6 rs down from high still now 🙁
[12:40]   Kathir : crude down 50%
[12:40]   Kathir : who is going to question this
[12:41]   Ravi : If OPEC announces cut, then big bounce is on cards
[12:42]   Kathir : opec next meet only on june i gess
[12:42]   Janak : shai chances of bn closing 18100+?
[12:43]   Assortz : Kathir, we had enough debt with oil cos and they wont reduce prices :)..Opec will have intermediate meeting if situation demands
[12:44]   r m : highly unlikely that OPEC will curb production, they need to dig out more barrel actually to support their exising govt spending requirements
[12:44]   r m : *existing
[12:44]   Kathir : ok
[12:45]   Assortz : @Ravi Yes..the bounce will be furious
[12:45]   r m : @Keshav – i rely on Shai’s charts, mine are not so accurate 🙂
[12:45]   r m : http://screencast.com/t/iUC1AsjMfF
[12:46]   Keshav : @ rm only volume at profile
[12:46]   Assortz : 300 done at Gabba btw :)..3 consecutive 300+ inings..
[12:46]   Keshav : my amibroker showing some bad volumes
[12:47]   Keshav : just wanted to confirm
[12:47]   Keshav : ninjatrader vap looks like ami
[12:47]   Ravi : Many OPEC producers, among the world’s largest exporters, have built up sizable reserves. Among the world’s largest exporters, OPEC producers Saudi Arabia, the United Arab Emirates and Kuwait are heavily exposed to losses in dollar terms.But between them, they’re holding more than $2 trillion in their sovereign wealth funds.”They have ample reserves,”
[12:48]   Keshav : oh thats big
[12:49]   Keshav : i read a piece sometime back that opec wants to stabilise prices around 60-65
[12:49]   r m : sure Ravi, countries like venezuela don’t have reserves i think, maybe Arabs should provide assistance to them if they want to firm up crude price
[12:49]   Ravi : bep is 80$
[12:50]   Keshav : @ravi bep??
[12:50]   Assortz : breaking 55 will move crude into completely different zone..
[12:50]   r m : break even price
[12:50]   r m : their costs
[12:50]   Ravi : In Venezuela, vast oil reserves generate half of the government’s revenues and helped subsidize generous social programs that now are at risk of prolonged, painful cutbacks if the prices of oil remains low.
[12:50]   Keshav : oh
[12:51]   Ravi : “Continued price declines would for some countries and companies make an already difficult situation even worse.”
[12:51]   r m : BNF moving into IB
[12:51]   Assortz : Shai rekha cleared and next is PDL for BNF
[12:52]   Keshav : all said i want the crude to do $10
[12:52]   Keshav : coming years
[12:52]   r m : I think that was the price way back in 70s 🙂
[12:52]   Keshav : a long term correction
[12:53]   Assortz : love to have gold at same price of 70s 🙂
[12:53]   Keshav : in all commodities
[12:53]   Keshav : 250$ in gold
[12:53]   Keshav : $ 10 in silver
[12:53]   Keshav : and usd inr @40
[12:53]   r m : gold price is not so important but cheap fossil fuel will hasten environmental degradation
[12:54]   Assortz : PDL BNF gone
[12:54]   Assortz : true RM
[12:54]   r m : @Keshav, USDINR used to be 7 in seventies 🙂
[12:55]   Keshav : oh
[12:55]   Assortz : Shai Can we short NF with stop above vwap?
[12:57]   Keshav : @rm could have bought cheap apple products then in 80s
[13:00]   r m : only apple I remember at that time were sold at fruit shops 😀
[13:01]   Ravi : http://www.screencast.com/users/Ravicbe
[13:02]   r m : Windows came up in mid nineties
[13:02]   Janak : shai does this drive up good enough for 18056 now?
[13:02]   Janak : if a green comes?
[13:03]   r m : Thanks Ravi
[13:03]   Ravi : But 1 USD was 1 INR in 1970!!!! but now 64 Rs so crude is 60-64!!!!
[13:03]   r m : yes
[13:04]   Ravi : 8000PE is buildingup
[13:04]   r m : we have regained 70s INR Crude parity 🙂
[13:06]   Keshav : one more drop to vwap
[13:06]   Keshav : and a move above
[13:06]   r m : @Keshav, perhaps you wanted this one? http://screencast.com/t/ObZmyX4mbQ
[13:07]   Keshav : and todays vwap remains untouched tomorrow
[13:07]   Keshav : yes rm
[13:07]   Keshav : this one
[13:07]   Keshav : clearly bad volumes in amibroker
[13:07]   r m : ok
[13:09]   r m : amibroker assigns volume to the close of the bar, NT devides the total volume of the bar and assigns it equally to each price point, investor RT adds every tick’s volume to the correct price hence the difference
[13:11]   Keshav : i have a particular quote with 15 million
[13:11]   Keshav : in the morning session
[13:11]   Keshav : got flush our
[13:11]   Keshav : out and backfill again
[13:14]   Janak : assortz i kept sl as 850 – bn came to 851 and returned to see me out at 993
[13:15]   Janak : this is sheer grace 🙂
[13:15]   Assortz : thats a moment of the day Janak 🙂
[13:16]   Assortz : I was exactly thinking who is the victim today for such whip 🙂
[13:16]   Janak : 1 pt man
[13:16]   Keshav : goosebump moment janak
[13:17]   Janak : surely one K
[13:17]   Keshav : price agction we are having a good session in nf
[13:19]   Kathir : @RM ji has Santa arrived 🙂
[13:20]   Kathir : remember 8066 spot shai’s level nf
[13:21]   Keshav : whats the pcr ratio 8000 pe
[13:21]   Keshav : yesterday it was something like 3 to 1
[13:22]   r m : Santa is feinting like a champion boxer 🙂
[13:22]   Janak : stunning move from 850 in what 45 min?
[13:22]   Kathir : yeah
[13:23]   Assortz : 18008 on dot 🙂
[13:23]   Janak : 300 down – 370 up / 200 down / 300 up – today’s bn strolls
[13:23]   Assortz : spot
[13:23]   Keshav : janak the wall
[13:24]   r m : @Kathir, Santa is feinting like a champion boxer 🙂
[13:25]   Ravi : PE writing at 7800-8000
[13:25]   Janak : maybe bn does 18200? 2ib
[13:25]   Kathir : @rm like janak you can say
[13:25]   r m : yes!
[13:25]   Kathir : janak hypo is 18203
[13:26]   Janak : vow BNF Hypo1 above 18079➜18203➜18290 SL18030
[13:26]   Janak : i am glad u reminded of the hypo
[13:26]   Janak : lets c
[13:26]   Kathir : 🙂
[13:26]   Kathir : 🙂
[13:27]   Janak : bound to work isnt it rm?
[13:27]   Assortz : NF 8120 next watch out level
[13:27]   Janak : shai ek baar commit karta hei fir…..
[13:27]   r m : Now that Janak is behind the Hypo with ful force BNF may even break above 300!
[13:27]   Janak : rajan ki bhi nahi…
[13:27]   Assortz : yday inra pul back high at 18123
[13:27]   Assortz : BNF
[13:27]   Kathir : rm yeas anythng can happen in this pace
[13:28]   r m : 🙂
[13:28]   Janak : anyone in the hypo trade?
[13:29]   Shai : santa is here
[13:29]   Shai : 8079 spot
[13:29]   Keshav : m just waiting for a pullback
[13:29]   Janak : shai u better gimme that 203
[13:29]   Shai : eyes on 8110 spot now
[13:29]   Janak : 🙂
[13:29]   Janak : VAH coming
[13:29]   Shai : close some near 147 vah and bring on cost from 18030
[13:30]   Janak : ok
[13:30]   Shai : 18142 is vah and prev day’s midpoint
[13:30]   r m : @Assortz, pull back high, vah you got it man http://screencast.com/t/fSocEKB4P7CT
[13:30]   r m : 🙂
[13:30]   Shai : 8119 again
[13:30]   Assortz : How can i forget my whip RM 🙂
[13:30]   Shai : 8120 to 8140 is a quick 20 pointer
[13:30]   r m : lol
[13:31]   Assortz : I had two levels yesterday 18030 which become POC today and 18120 which is VAH today :0
[13:31]   Janak : shai can reenter for the hypo again here?
[13:31]   Janak : BNF Hypo1 above 18079➜18203➜18290 SL18030
[13:32]   Janak : precise entry pt
[13:32]   Shai : 8094 F supp
[13:32]   Kathir : @shai for that view of long above 8066 spot what SL?
[13:32]   Shai : No wait Janak
[13:35]   Mandar : 8100 pe low 60.85
[13:35]   Shai : 8005 spot
[13:35]   Kathir : ok thanks
[13:35]   Keshav : back to vwap
[13:36]   Keshav : how if the top is broken m gonna try a positional long
[13:36]   Keshav : now
[13:38]   Keshav : vix has definitely gone down
[13:38]   Shai : buyer has to defend vwap
[13:38]   Keshav : yes
[13:41]   Shai : abv 8120 we get to 8140 and 8178 F
[13:41]   Shai : sl is 8095 fir that setup abv 8120
[13:42]   Shai : Russian Finance Ministry speaking earlier and reported to have started selling its FX on market…. #RUB strengthening
[13:47]   Janak : delta improving in nf but not taking it to 8100 again?
[13:47]   Janak : or it will come now
[13:48]   Janak : fast move has to come to take out bn pink
[13:48]   Ravi : 8100ce short covering happens…buy T 85
[13:49]   Keshav : t 85??
[13:50]   Ravi : SHORTBUILDP with 8000pe writng
[13:50]   Shai : vwap is bring defened
[13:50]   Shai : bt these buyers have to take out 8120F next
[13:51]   Keshav : bulls getting ready with my trading anthem
[13:52]   r m : 🙂
[13:54]   Janak : bn delta -122!
[13:54]   Janak : that means aggressive traders are selling?
[13:58]   Janak : that W in the making can work in bn? goes to 18150
[13:58]   Keshav : shai any trades near vwap for long?
[13:59]   Assortz : Janak may be hike above POC once again can work
[13:59]   Janak : i dont know the exact condition for this W to work – but bn above vwp/IBH/VAL
[14:00]   Janak : and only green is reqd now
[14:00]   Janak : watch out
[14:00]   Assortz : green may be above 18048
[14:01]   Janak : nf delta in +
[14:01]   Assortz : yes
[14:03]   Assortz : 17980 has multiple bottom now
[14:05]   Shai : yes about VAL
[14:05]   Janak : nf delta in + and at its highest value
[14:05]   Shai : close abv 18030 good for longs
[14:06]   Shai : close abv 18093 preferable for move to restest 18300 F broken
[14:06]   Shai : then possible down again in BNF
[14:06]   Shai : 18200 spot test in BN
[14:08]   Assortz : GREEN
[14:13]   Shai : afternoon atemmpt
[14:13]   Shai : should be interesting
[14:14]   Shai : 17980 sl for longs in BNF now
[14:14]   Shai : tgt 18203
[14:15]   Assortz : NF will try again above 8102
[14:15]   Ravi : 8100-8500pe writers in trouble to shortcover
[14:15]   Shai : go 50% and keep bal for abv 8120
[14:15]   Assortz : ok with 890 SL
[14:15]   Assortz : 8090
[14:16]   Janak : hypo entry 18079!
[14:18]   Assortz : yes second chancee
[14:23]   Rahul N : @shai whats the levels for state bank ? thanks
[14:27]   Janak : hypo sl gone?
[14:27]   Janak : again
[14:27]   Janak : or missed by a point i guess
[14:27]   Assortz : yes gone
[14:28]   Assortz : but 17980 SL for longs from Shai
[14:29]   Assortz : NF dont want to go up
[14:31]   Janak : 230
[14:32]   Assortz : POC becomes perfect launching or breaking pad 🙂
[14:32]   Janak : bn getting buyers here?
[14:32]   Janak : delta improving
[14:32]   Assortz : no delta remains around -80 for some time now
[14:33]   Keshav : usdinr once again into vwap
[14:33]   Keshav : from the lows
[14:36]   Janak : damn!
[14:36]   Janak : sellers again
[14:36]   Janak : 980 gets defended though
[14:36]   Janak : or does it?
[14:37]   Assortz : break of 980 means – to VWAP?
[14:37]   Assortz : yes 980 held Janak
[14:40]   Assortz : NF delta back to -ve
[14:46]   Rahul N : @shai whats the level for state bank?
[14:51]   Shai : cash?
[14:51]   Rahul N : future
[14:56]   Shai : sbin supp at 299.3
[14:56]   Shai : res to the upmove at 311.5 and 313.2
[14:56]   Shai : suggest booking any longs if you see 311
[14:57]   Rahul N : thanks
[14:57]   Shai : welcome
[14:57]   Shai : fairly sideways 8050- 8100 day
[14:58]   Shai : 35 point prem is here
[14:59]   Kathir : @shai shall we nf longs for tomrw
[14:59]   Kathir : carry
[14:59]   Kathir : bought based on spot 8066
[15:00]   Amit J : shai dlf below your final level any update on it. i am still holding
[15:02]   Shai : dlf possible 123 by friday but trailing s will still be 141.3
[15:02]   Shai : sl*
[15:02]   Amit J : thanks
[15:02]   Shai : Kathir Hld that long for today
[15:02]   Kathir : ok
[15:02]   Shai : we may get 8105 on that tom sl is 8005 byt for tomorrow sl
[15:02]   Shai : *but
[15:03]   Kathir : ok thanks
[15:20]   Shai : timid end t the day
[15:22]   Keshav : yes
[15:22]   Ravi : Oil Price cut itself is being treated as Big cheerful event in US as per my brother.
[15:22]   Keshav : yet another day unconformed day for bulls
[15:24]   Janak : i think selling continues tom – europe in red
[15:25]   Janak : maybe next week only bulls might come back
[15:26]   Shai : hevy volumes at 8054
[15:27]   Shai : prem just 30 nw
[15:28]   Shai : day type is again normal
[15:28]   Janak : shai carry shorts?
[15:28]   Shai : and all business of the range done in 1st hour
[15:28]   Shai : No Jank
[15:28]   Janak : bn to do a round of 17800
[15:28]   Shai : could open flat at 8070 tm
[15:28]   Janak : ok
[15:28]   Janak : nf looks set for a deep cut though
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Kathir : bye all
[15:30]   Shai : Bye all
[15:30]   Keshav : good day
[15:30]   Porus : bye all
[15:30]   Shai : Have a nice evening
[15:31]   Keshav : time for some rap playlist
[15:31]   Amit J : bye