OrderFlow charts and Notes 07/07/15

[08:52]   Sankar : GM RM 🙂
[08:52]   Sankar : GM All 🙂
[08:52]   r m : Good Morning folks!
[08:52]   r m : Hi Sankar 🙂
[08:52]   Mohul : GM all
[08:53]   r m : http://vtrender.com/levels-and-plan-for-7th-july/
[08:53]   r m : http://vtrender.com/orderflow-charts-and-notes-060715/
[08:53]   r m : http://vtrender.com/option-values-dt-060715/
[08:53]   Porus : Good Morning RM and all
[08:53]   r m : Nifty JUL Future levels | Key reference area 8485 | Hypo1 above 8525➜8557➜8590 SL 8495 | Hypo2 below 8484➜8432 SL 8514
[08:53]   r m : Banknifty JUL Future levels | KRA 18705 | Hypo1 above 18820➜18910➜19030 SL 18705 | Hypo2 below 18705➜18595➜18545 SL 18755
[08:53]   r m : Hi Porus
[08:55]   Srini A : GM All
[08:55]   Moses : GM All
[08:59]   Ashish : Gm all
[09:00]   Shailesh : GM all
[09:02]   Vikkas C : GM all
[09:04]   Shai : GM all
[09:04]   Sankar : GM Shai 🙂
[09:05]   Manoj : GM rm
[09:05]   Manoj : GM all
[09:07]   r m : Hi Manoj
[09:07]   Augustin : GM all
[09:07]   Venkatesan : gm shai, rm, kris and frends
[09:07]   r m : Hi Venkatesan
[09:07]   Venkatesan : hi rm
[09:08]   Sharad : GM all
[09:08]   Sudhakar : GM All
[09:11]   Sunil : GM
[09:13]   Naveen : Happy Morning All..
[09:13]   Shai : Bg differnce between price n value yesterday
[09:13]   Shailesh : So prices are gonna come down or move higher ?
[09:13]   Shailesh : @Shai
[09:13]   Shai : as day was in imbalance today looking for a quieter balance
[09:13]   Shailesh : okkk
[09:14]   Tejpreet : GM all
[09:14]   Manoj : shai one small update for u i know it looks funny posting here but my astro indicator says either profit booking or a minor selloff bt no rally even ifA rally attempts will be&should be sold in2 only 4 today
[09:15]   Ashish : Look at asian paint
[09:16]   Ravi Chahal : GM all
[09:17]   Shai : ok
[09:19]   Suyash : asianpaint didn’t give an opp to enter
[09:19]   Suyash : it just shot up to 800+ in seconds
[09:21]   Sandeep : charts not loading
[09:21]   Sandeep : anyone else facing this issue ?
[09:22]   r m : chart is ok
[09:22]   Ashish : yeah its working
[09:22]   Augustin : @Shai – Can enter 8400 puts (small qty) at cmp?
[09:22]   Shai : wait
[09:22]   Augustin : Ok
[09:23]   Shai : Buy NF at cmp sl of 8535 tgt 8590 cmp 8555
[09:23]   Ashish : got it
[09:23]   Venkatesan : BNF ON FIRE
[09:23]   Manoj : awesome shai u were typing i was buying
[09:24]   Manoj : 8535.65
[09:24]   Manoj : sorry 8553.65
[09:24]   Shai : yes BNF look sbetter 19030 on watch
[09:25]   Manthan : Hello Everyone, Gmng
[09:26]   Sripathi : does the long nf view negate the high risk 8400pe buy view.
[09:27]   Sripathi : that means we have to exit them
[09:28]   Shai : that sl was given at 8600 F
[09:29]   Shai : we are just looking for a morning probe to 8590
[09:29]   Shai : open has buyers
[09:29]   Sripathi : ok. got it different levels
[09:31]   Nandesh : can i buy nf @ cmp
[09:33]   Sripathi : from risk prespective a buy at 8543 is a better on than 8555 for a sl of 8535.
[09:33]   Shai : Move NF sl to 8530
[09:33]   Manoj : b4 i modify it hit
[09:33]   Shai : exit if hit
[09:34]   Ravi Chahal : sl hit
[09:34]   Shai : exit
[09:34]   Sudhakar : sl hit
[09:34]   Sudhakar : exited
[09:35]   Shai : false alarm at 8555
[09:35]   Sandeep : shai still holding
[09:35]   Sandeep : should hold or exit
[09:36]   r m : @Shai, yesterday was 3IB in both, so first hour high expected to hold for the rest of the day?
[09:37]   Shai : exit
[09:37]   Shai : yes RM
[09:37]   r m : Thanks
[09:37]   Shai : one dash up to 8590 would have been good today to complete the weekly
[09:39]   Tejpreet : Maybe that is left to encourage dip buyers 🙂
[09:40]   Vikkas C : shai is the 1st mins volume abv normal
[09:41]   r m : @Tejpreet 🙂
[09:42]   RK : GM Shai,RM and all
[09:42]   r m : Hi RK
[09:43]   r m : Your patient sprinting away RK (Asian Paint) 🙂
[09:43]   Shailesh : RK ur patients are flying today..
[09:44]   Shailesh : RM Same tihng i jst typed 🙂
[09:44]   RK : Yes..50% discharged and rest in hold 🙂
[09:44]   r m : @Shailesh, yeah, only mode of travel differed 🙂
[09:46]   RK : Asian whipped many times between 740-755 and final buy was around 745 and it rewarded in a single trade
[09:46]   Shailesh : RM 🙂
[09:46]   r m : RK, great trading man, congrats!
[09:46]   RK : thanks
[09:47]   Shailesh : RKgreat sir
[09:48]   Ashish : Thanks Rk for green pockets 🙂
[09:49]   RK : Ashish :)..Shailesh thanks..only Sir is Shai here 🙂
[09:50]   r m : I think a few years from now we won’t have to read “market wizards” etc., we will have our own collections of anecdotes from the traders in this room 🙂
[09:50]   RK : Yes.we have people talking here about what they do and not what they want to do or others want to do..that makes difference 🙂
[09:50]   r m : save the chat guys and publish it on retirment 😀
[09:50]   Tejpreet : Well said RM !!!
[09:50]   Vivek K : thankfully RK, asian paints didnt whip our arse, otherwise it would have been colourful 🙂
[09:50]   Shailesh : Amen RM 🙂
[09:51]   RK : Vivek 🙂
[09:56]   Venkatesan : :)))) rm
[09:57]   r m : MO approaching 80
[09:58]   Vikkas C : finally MO reaches 80..varun here it is ..now what 😉
[09:59]   Sid : and market trading below vwap
[09:59]   Shai : for those who asked add those 8400 puts today below 8515 F
[10:01]   Varun : shai wht shld we take ref from yesterday’s profile
[10:01]   Varun : poc, value nt reliable
[10:01]   r m : @Varun, vwaps were lower than previous day’s vwap
[10:01]   Ravi Chahal : RM what does MO 80 signify?
[10:02]   r m : @Ravi, overbough broader markets, McClellan’s Oscillator is calculated from market breadth (advance/decline) ratio
[10:02]   r m : *overbought
[10:03]   r m : generally +60/-60 levels indicate greter risks or Longs/Shorts
[10:03]   Ravi Chahal : ok
[10:03]   r m : *for longs/shorts
[10:07]   Soumya : are we looking for fresh longs opportunity shai?
[10:13]   Vikkas C : this buying at lower lvls is setting up for 8590 shai ??
[10:13]   r m : 8525 gave good support
[10:15]   Vikkas C : yeah
[10:16]   Varun : ya rm, therefore dnt have any ref to take from
[10:16]   Varun : only ref are 2-3 extension handles
[10:16]   r m : true Varun, sab golmaal hai 😀
[10:18]   RK : Varun what about spike ref 8495/97..and dip now can’t be bought with spike high SL?
[10:18]   Shai : Varun yesterday’s profie is not a proper structure- should get repaired
[10:20]   Venkatesan : shai 29th FA xpired or still valid?
[10:20]   RK : Shai repairing anomaly of 8486 and a balance profile today would be considered that yday profile structure is repaired?
[10:26]   Varun : ya rk tht 94/98 ws rejection many a time, going abv it and reneterring, could eb abd for bulls
[10:26]   Varun : thn the singles from 8548/8560 coud be first excesson top
[10:26]   Varun : bad*
[10:27]   Shai : RK preferable should hold abv 8497 which varun is pointing
[10:27]   Shai : but added 10 points at KRA
[10:27]   Varun : yup
[10:27]   Shai : if we break that then upmove is stalled
[10:28]   Varun : old saying if you breakout from range only to re-enter u could go all the way to other extreme
[10:28]   Shai : could be a normal day still creating a balance higher
[10:28]   Shai : true
[10:28]   Shai : we have to be patient with the index today
[10:28]   Shai : new longs are risky and shorts do not have a price confirmation yet
[10:28]   Varun : a balanace today here would give us great ref fro tmrw
[10:29]   Shai : one of those days again where you protect your financial capital and emotional capital
[10:29]   Shai : don’t over trade today
[10:29]   Varun : spare fr typos
[10:29]   Shai : true Varun- high probabaility setup
[10:29]   r m : @Varun, all good traders are bad typists 😀
[10:29]   Varun : 😉
[10:31]   Vivek K : varun, fingers are better used for other things 🙂
[10:31]   Varun : last in this series if we make value here and break val, big sell
[10:31]   RK : thanks Shai/VArun..had the same view only considering spike and that anomaly..ok then let us balance today without hitting any stops on stocks..some negative is ok so that RM’s MO will also cooled down 🙂
[10:31]   Varun : cos we have a poor low, bad profile sahpe to repair, re enter range and mo at 80
[10:32]   Varun : conviction will be with shorts
[10:32]   Varun : and dnt disturb todays single at top
[10:32]   Shai : perfect
[10:33]   Shai : 8560 is the first sign of a small top in place if not violated all day
[10:34]   Shai : Sell NF 8540 sl of 8562 tgt 8516 and 8497
[10:36]   Venkatesan : was MP poor low sterday shai
[10:36]   Venkatesan : ?
[10:37]   Shai : yes
[10:38]   Venkatesan : signle D tpo was there nah? http://vtrender.com/wp-content/uploads/2015/07/Nf_compo1-dt.png
[10:41]   Shai : you are right Venkatesan
[10:41]   Shai : that would mean that poor lows were not there
[10:41]   Shai : I stand corrected
[10:42]   Vivek K : but shai for a tai one needs a single tpo or double atleast?
[10:43]   Venkatesan : sorry shai, varun mentioning poor low, i just want to learn , i am new in this fields? please i ma not challenging , i want to learn the subject
[10:44]   Varun : no dalton says any lows with 2 or less ticks is poor
[10:44]   Varun : 2 is a tail
[10:45]   Varun : sorry 3 is a tail
[10:45]   Varun : 2 is poor
[10:45]   Venkatesan : so varun min 3 tpo required to disqualify poor?
[10:45]   Varun : and these are just 2 point ticks, i take 2 4 point ticks also poor
[10:46]   Varun : tht means a tail should eb bigger than 8 nifty points
[10:46]   Varun : rest everyone has its own reading
[10:46]   Varun : this is wht i take into consideration
[10:47]   Venkatesan : thank you varun
[10:49]   Varun : 🙂
[10:51]   Shai : @Vivek the stronger tails have a bigger string of tpo’s – the mote tpo’s the stronger is the tail
[11:00]   Vikkas C : one round of big applause for RM for updating the stock lvls sheet moment shai says anything …clap clap
[11:00]   r m : Thanks Vikkas 🙂
[11:00]   Vikkas C : 🙂
[11:03]   Vivek K : shai how much weight would you give to the fii figures for yesterday given teh move we had? also major long additions as per the OI sheet were from clients
[11:03]   Vivek K : or could there be CLIENTS type of guys even in FII desk
[11:03]   Vivek K : meaning dumb money cloaked as FII
[11:05]   Venkatesan : rm can do me a faour by posting the break up of differetnt TPOs with time chart of 29th profile please?
[11:05]   r m : sure
[11:05]   Venkatesan : than kyou
[11:09]   r m : @Venkatesan http://screencast.com/t/mr2FngAsyD
[11:10]   Venkatesan : thank you rm
[11:10]   r m : welcome
[11:10]   Porus : RM, these NT profile charts look much better than Ami charts.
[11:11]   Tejpreet : True Porus the Ami mp charts are a joke.
[11:11]   r m : Yes Porus, ami has low resolution (at least the 5.20 version that I have) and very low accuracy
[11:12]   Tejpreet : The market calls MP AFL does improve them a bit but ami charts have light years to go before they RM charts.
[11:13]   Sankar : and also, we get 1 mins bars, while you are having tick charts?
[11:13]   Porus : Thanks. Does NT also have plug and play indicators, sort of afl for NT?
[11:13]   Porus : Which we can add?
[11:14]   r m : yes, indicators in NT are installed
[11:14]   Porus : I mean, can be istalled b users.
[11:14]   r m : yes
[11:14]   r m : they come in compressed files and need to be installed
[11:15]   Porus : OK, will ask for your help to set up for myself.
[11:15]   r m : sure
[11:19]   Sudhakar : 8516 shai superb
[11:19]   Hemant : Well done Shai 🙂
[11:19]   Sankar : Meanwhile, NF hit tgt1.
[11:20]   Sudhakar : me placed 50%@8516.55
[11:40]   Shai : slowish day
[11:40]   Vikkas C : yup..boring day
[11:41]   Shai : vwap calling price back, typical of normal day
[11:42]   Shai : sl is 8540 on any trailing positions. stay falt if tsl goes
[11:42]   Shai : flat*
[11:52]   Sankar : flat
[11:57]   Vikkas C : chat room aaj shaant hai
[11:57]   Vikkas C : rare sight !
[11:58]   r m : Futures within IB, tongue too 🙂
[11:58]   Ashish : hahaha RM
[11:59]   Hemant : lol @RM
[12:02]   Vikkas C : hahahhahahha
[12:02]   Hemant : Shai, any possibility to go to IBH today ?
[12:02]   Hemant : Will hit the stop loss in plenty
[12:03]   Vikkas C : RM saheb aapka MO wala sheet link send pls 🙂
[12:04]   Vikkas C : mil gaya link ..i has saved it
[12:04]   Vikkas C : *had
[12:04]   r m : http://tinyurl.com/McOsc
[12:04]   r m : ok
[12:26]   Vikkas C : shai is BNF looking weaker the NF here
[12:33]   Shai : yes bnf weakening
[12:35]   Manthan : Weekly Level, 19000
[12:35]   Manthan : providing resi
[12:41]   Shai : yes nifty also at supply band
[12:45]   Tejpreet : Sell nestle buy ambuja …..http://www.moneycontrol.com/news/business/nestle-pays-ambuja-cements-rs-20-cr-to-damage-maggi-packets_1831341.html
[12:49]   r m : 🙂
[12:49]   r m : buyer in NF
[12:51]   Shai : yes buyers
[12:52]   Srini A : BNF bounced smartly from IBL
[12:54]   Vikkas C : 8550 seller defending
[13:01]   Ashish : 8600 CE – highest change in Open interest today.
[13:01]   Shai : still not seeing a directional conviction
[13:01]   Shai : but the balance is devloping
[13:01]   Shai : (09:13) Shai :as day was in imbalance today looking for a quieter balance
[13:02]   Soumya : how does midcap index look shai – is there still lot of steam left?
[13:02]   Soumya : everything and anything is running
[13:02]   Shai : midcaps get affected the most when MO is 65 plus
[13:02]   Shai : It’s best advised to check portfolio with long puts
[13:03]   Sandeep : check or hedge
[13:03]   Hemant : Should add puts Shai or look to add towards the close?
[13:03]   Hemant : Should add puts here?
[13:06]   Soumya : ok thank you shai
[13:09]   Shai : Buy BNf abv 18910 sl of 18850 tgt 18970- Buy abv **
[13:10]   Manoj : keep trigger @ 18915
[13:10]   Tejpreet : Shai can you look at vix for views on nifty options .
[13:10]   Shai : yes we will trade it abv vwap
[13:10]   Shai : there is buying evidence at the lows
[13:10]   Shai : they could go and test that morning sellers again
[13:10]   Manoj : good thanks and what abt if i am long @ 18825 it was a punt and lag gaya
[13:11]   Manoj : sl pls
[13:11]   Shai : same sl 18850
[13:11]   Manoj : ok
[13:11]   Manoj : thanks
[13:11]   Shai : NF we are flat
[13:11]   Shai : intra
[13:11]   Manoj : yes sir
[13:12]   Rahul N : @shai if we are goignt long on bnf, should we get out of that 8540 nifty sell order ?
[13:17]   Manoj : cheeting mera second lot buy trigger hoo gaya @ 18915 in tht spike high of 18915
[13:18]   Shai : Rahul that 8540 sell order is closed
[13:19]   Shai : we hit 8516 and came back abv
[13:19]   Ashish : Shai, stuck buyers @ top in NF
[13:22]   Manoj : shai bnf buy trigger ??? and is tht call on or not
[13:22]   Shai : not a good trigger
[13:22]   Shai : if you are in keep sl at 18870 and we attempt that trade again
[13:23]   Shai : yes Ashish some sellers at 8560 in morning also
[13:23]   Ashish : ok shai…
[13:23]   Ashish : thanks
[13:32]   RK : today Index has become Doordarshan movie and stocks are new releases..running sucessfully 🙂
[13:32]   Ashish : hahahaha
[13:32]   Hemant : lol @RK
[13:32]   Sankar : lol.
[13:33]   r m : 🙂
[13:33]   Tejpreet : 🙂
[13:38]   Sandeep : shai in mp chart what does +1 denote
[13:39]   Shai : I track some range extensions off some profiles . so +1 is that
[13:39]   Sandeep : okay
[13:39]   Shai : BNf got some greens
[13:39]   Manoj : yes
[13:39]   Manoj : & m yet in it
[13:43]   Manoj : sudden soo red ??
[13:45]   Vikkas C : the OF band in NF has stayed green forthe longest time now …
[13:46]   Sankar : BNF on.
[13:49]   Ashish : Where is VWAP in NF…cant’t see
[13:49]   r m : should be near 8539
[13:50]   Ashish : Thansk RK..
[13:50]   r m : welcome
[13:51]   Nandesh : long bnf @18913.75
[13:55]   Nandesh : what can i do?
[13:56]   Sankar : I have placed SL at 18850 as told in the trade.
[13:56]   Nandesh : long bnf @18913.75
[13:58]   Nandesh : shai
[14:01]   Shai : yes we are long
[14:01]   Shai : enter sl in system
[14:01]   Nandesh : k
[14:01]   Manoj : ok
[14:01]   Vikkas C : shai BNF consistently staying below vwap
[14:01]   Shai : yes
[14:01]   Shai : NF mostly managing to stay abv vwap
[14:01]   Vikkas C : yeah
[14:02]   Vikkas C : very confusing today ..dont know what to trade
[14:02]   RK : Vikkas trade emotions:)
[14:03]   RK : let me buy no wait..yeah I will sell..no wait 🙂
[14:03]   r m : trade tweets to pass time 🙂
[14:03]   Tejpreet : Or get news n read http://economictimes.indiatimes.com/markets/stocks/earnings/india-inc-stares-at-yet-another-forgettable-quarter-crisil-research/articleshow/47970797.cms
[14:05]   Vikkas C : lol
[14:06]   Sudhir : we are short in nifty andd long ib banknifty ? crrect e if wrong
[14:06]   Augustin : or best is Zzzzzzzzzz 🙂
[14:06]   Vikkas C : been listening to music since mrng and super super bored now
[14:07]   Vikkas C : IBL broken in bnf
[14:07]   Shai : BNF stopped
[14:08]   Sudhir : k
[14:09]   Sandeep : sudden selling in nf
[14:10]   Sandeep : shai any trades here
[14:10]   Sandeep : 8515 broken
[14:11]   Vikkas C : buying seen at lower lvls shai
[14:11]   Vikkas C : the volume is huge in the last 15 mins
[14:12]   Shai : yes some buyers
[14:12]   Tejpreet : Could be morning sellers covering.
[14:13]   Augustin : @Shai – What will be the SL for positional Nifty Longs
[14:13]   Vikkas C : shai if this M period ends abv the IBL then can we expect IBH again ?
[14:13]   Sid : price going below 8515..and immediate buying below..
[14:13]   Sumit K : Shai – buy 8400 pe below 8515?
[14:13]   Shai : Yes Sunit can buy the PE
[14:14]   Sumit K : SL?
[14:14]   Shai : Augustin positional is 8393 if from last week else 8466
[14:15]   Shai : sl for shorts now moves to 8562 from 8600 this week only
[14:15]   Shai : shorts are trying to push here – but too close to the vwap band
[14:16]   Augustin : Tks Shai
[14:17]   Tejpreet : Shai looking at MP structure any chances of gap down tmrw if global markets support.
[14:17]   Tejpreet : Have got good quantity shorts at around 8550.
[14:18]   Shai : no can’t see a gap down
[14:18]   Shai : structure does not support a gap
[14:18]   Tejpreet : Thanks shouls start booking then..thanks.
[14:19]   RK : Tej we want 8590 then you can take it down..grind it till tmw afternoon here and there and give us spike to 8590 then down..pls 🙂
[14:20]   r m : 🙂
[14:20]   Tejpreet : OK so before 8590 …no need to carry book fast food style 🙂
[14:20]   r m : complete plan for the week 🙂
[14:21]   r m : last hour will show which plan to choose!
[14:21]   RK : RM let us sleep over VWAP 🙂
[14:21]   Srini A : @Shai, POC in BNF has not moved with this down move. Does it mean, the proce could go back?
[14:21]   r m : right RK 🙂
[14:21]   Augustin : @Shai – What would be the T1 for 8400 PE?
[14:22]   Venkatesan : mp again poor low as per dalton
[14:22]   r m : but these guys refuse to re-enter IB and last hour is close!
[14:22]   RK : but VWAP is very close na 🙂
[14:23]   RK : they are listening you RM
[14:23]   r m : everything is close, such a small range 🙂
[14:24]   r m : yeah, promptly backed into IB 🙂
[14:24]   Hemant : 🙂
[14:24]   RK : now take care that they dont fall into band again 🙂
[14:24]   r m : lol
[14:24]   RK : hook them in VWAP
[14:25]   RK : cocern is they stay below dVALand IBL
[14:25]   RK : at 2.30
[14:25]   RK : *concern
[14:26]   Venkatesan : rm please , post break up of today s profile
[14:27]   r m : sure Venkatesan, break up of profile is just like a 30min candle chart, just imagine letters in place of candles 😀
[14:27]   Venkatesan : ssssss
[14:28]   r m : http://screencast.com/t/RCjp7Ip8l
[14:29]   Venkatesan : thank you rm
[14:29]   r m : welcome
[14:29]   Venkatesan : (14:22) Venkatesan :mp again poor low as per dalton
[14:33]   Tejpreet : Booked 50 % short and holding rest with sl 8525 or 3:25 pm whichever comes first.
[14:33]   Tejpreet : Not a day to carry thanks RK and Shai for the input.
[14:34]   Hemant : Yesterday’s abnormal structure fixed?
[14:34]   Sid : why are we not carrying these shorts ….
[14:34]   Venkatesan : shai dd trend?
[14:34]   Venkatesan : or trend day?
[14:35]   Tejpreet : Becoz sid we wan”t 8590 first 🙂
[14:36]   RK : 8486 anomaly done
[14:37]   r m : NV
[14:37]   Venkatesan : 8436 bhi hai nah?
[14:37]   r m : Normal Variation
[14:37]   Venkatesan : thank you rm
[14:40]   r m : MO cooled down to +62!
[14:40]   Soumya : what was mo at the beginning of the day?
[14:40]   RK : we are now perfect with the range for a trade tomorrow 🙂
[14:42]   r m : +79
[14:42]   Venkatesan : rm 62 also not safe for long ?
[14:43]   Tejpreet : Shai that 197075 at 8494 looks like LL rather than fresh sell as price moving up.
[14:43]   Venkatesan : LL?
[14:44]   Tejpreet : Long liquidation
[14:44]   Venkatesan : tha nku tej
[14:44]   Soumya : thank you rm
[14:45]   RK : RM pls make that hook stronger this time 🙂
[14:45]   Venkatesan : :)))rk
[14:46]   Shai : could be
[14:46]   Shai : Nuy NF for 8548 sl of 8510 cmp 8520
[14:47]   Shai : 10 point risk to cover dy loss
[14:47]   RK : Shai gone long at 8486 with stop below -5 of hypo trigger
[14:47]   Shai : cool
[14:47]   Venkatesan : shai any anomaly near 8500 today?
[14:48]   Ashish : Rk, i went long in 8400 CE @ 177 🙂
[14:48]   Shai : No anomaly
[14:48]   Venkatesan : nice trade rk
[14:48]   Tejpreet : Great RK perfect entry.
[14:48]   Venkatesan : thank you shai
[14:49]   RK : Tej yeah once in blue moon 🙂
[14:49]   Tejpreet : RK your vision is clear as a blue sky so always blue moon for you na.
[14:50]   Ashish : Jai HO!!
[14:55]   Sankar : Nice trade RK 🙂 Kudos.
[14:56]   Sankar : Vwap is shown as 8496? is that correct?
[14:56]   Shai : looked like going for 8540 at least
[14:56]   Shai : but we will give it up
[14:56]   Shai : exit
[14:56]   Sankar : 🙁 tough day for me.
[14:56]   Shai : that is the vwap band
[14:56]   Manoj : for me too
[14:56]   Sankar : Tx Shai.
[14:57]   Manoj : unable to catch and built on profits
[14:58]   Manoj : either mkt is untradable or there is some problem with me
[14:58]   Venkatesan : manoj i yet to break even, you are better trader than me
[14:58]   Shai : We will hold the pe’s
[14:58]   Shai : this may drop to 8465 tom
[15:00]   Sankar : ok.
[15:02]   Shai : Index beginning to react to the MO now
[15:02]   RK : yes
[15:02]   Shai : if in stocks try to reduce exposure or buy puts for protection
[15:03]   Shai : Not looking at a bog drop this week but 8465/ 8430 visist due
[15:06]   Tejpreet : Shai when you give us these ID buy sell in nifty and BN do you look at only the MP charts or does newsflow influence your call ?
[15:07]   Shai : newsflow?
[15:07]   Shai : no
[15:07]   Shai : only orderflow
[15:07]   Tejpreet : Great !
[15:08]   Sid : arent unfilled orders that move markets
[15:08]   Shai : we got poor execution today on NF and BNF longs-
[15:08]   Shai : unfilled in what sense?
[15:08]   Venkatesan : shai u said first support 8497 for 2day, that is valid nah?
[15:08]   Varun : shai u broke ur morning rule
[15:09]   Varun : emotional capital
[15:09]   Venkatesan : :))))) varun
[15:09]   Varun : and it is it only
[15:09]   Shai : 8485- 97 support true
[15:09]   Venkatesan : varun do u remember the FA?
[15:09]   Shai : True Varun
[15:10]   Varun : loss is 20-30 point, but emotional one gets weak after suhc days
[15:10]   Venkatesan : than kyou shai
[15:10]   Sid : like if there is too much volume at a particular price..most probably price will easily pass through that points when visited again..
[15:10]   Venkatesan : that fa expires 2day
[15:10]   Shai : yes Sid
[15:10]   Varun : thr is nothing like expire
[15:10]   Varun : odds are tht fa revisit in 5 days
[15:10]   Varun : else a trend starts
[15:11]   Venkatesan : than kyou varun
[15:11]   Varun : but one needs to see whr
[15:11]   Varun : we are at 80 mo and 500 points from lows
[15:11]   Varun : infact 600
[15:12]   Sid : isnt path of least resistance up..
[15:12]   Varun : y sid
[15:12]   Varun : we rejected from 8554
[15:12]   Sid : only today..
[15:12]   Varun : if it would hve been up
[15:13]   Varun : we should have done range extension
[15:13]   Sid : that also is yet not confirmed
[15:13]   Shai : Sd this region is 8570- 8750 will be like this only – has lots of supply from earlier months
[15:13]   Shai : once abv 8750 then smoother
[15:13]   r m : @Varun, MO also got repaired along with anomaly 🙂
[15:13]   Venkatesan : :)))rm
[15:13]   Varun : rm noticed one thing when mo repair starts, reverse starts
[15:14]   Varun : only matter is how much reversal
[15:14]   Sid : yes..so I say path is up..because we have crossed a zone which was rejected for few months..
[15:14]   r m : MO at +66
[15:14]   Venkatesan : atleaset no steam left is confirmed nah varun
[15:14]   Varun : yes but we need to be abv 8495 thn
[15:14]   Varun : sid
[15:14]   Sid : that we are now
[15:15]   Varun : if we break below 8495, it was a fake break out
[15:15]   Sid : that we will confirm…
[15:15]   Varun : it will only be decided if we break vah of today
[15:15]   r m : yes Varun
[15:15]   Sid : or we just oscillate in this area and break up again..
[15:15]   Varun : we hve developed value within yesterday spikes
[15:16]   Varun : thts y said break abv vah
[15:16]   Sid : ok..
[15:16]   Varun : thr ws a chance at 54 but we rejected from thr
[15:16]   Tejpreet : But Varun we did break 8495 today or is it closing basis.
[15:16]   Sid : so we dont take home any trend
[15:16]   Varun : no we rejected in 60 seconds from thr also
[15:16]   Varun : i mean fast
[15:16]   Varun : n peirod
[15:16]   Tejpreet : OK got it.
[15:17]   Varun : if q would also started from thr then accepatance
[15:17]   Sandeep : so whats the take awat of todays trade
[15:17]   Sandeep : away
[15:17]   Sid : we have 50:50 chance of both sides..
[15:17]   Varun : 8485/8565 will be breakouts
[15:17]   Sid : now clear..
[15:17]   Varun : tht y we shld clse at vwap today
[15:18]   Varun : peace
[15:18]   Varun : and thts a normal day after trend day
[15:18]   Sid : good learning varun thanks
[15:18]   Varun : no issues
[15:18]   Varun : a just revise my self
[15:18]   Varun : with my thoughts
[15:20]   Sid : my anticipation is …we will get pushed down to 8425 and then bounce back to 8700…taken stoplosses both the ways..
[15:20]   Varun : thr is an extension handle at 8430 of yesterday
[15:20]   Varun : from where trend satrted
[15:20]   r m : @Varun, good to have you revise when we are hearing 🙂
[15:20]   Varun : it whould not break
[15:21]   Sid : yes..
[15:21]   Varun : should nt break
[15:21]   Varun : else trends validity goes very weak
[15:21]   Sid : ok 8430+
[15:21]   Varun : yup
[15:22]   Varun : it should just repair the singles till 8430 and then restart its journey up
[15:22]   Varun : it did this all through bear phase
[15:22]   Sid : I am seeing price action only..so cannot pinpoint exact figures like u guys do…
[15:22]   Varun : used to repair singles and start dwon
[15:23]   Varun : if its a bull phase it shld do opposite
[15:23]   Varun : we would hve cooled mo also
[15:23]   Sid : yes..
[15:23]   Varun : sid good to use these levels as ref
[15:23]   Sid : need more volatality..
[15:23]   Varun : and watch price action at these levels
[15:23]   Varun : today rk noted hypo level
[15:24]   Varun : and see the buyers at 2.35
[15:24]   Sid : yes..
[15:24]   Varun : at 8485
[15:24]   Varun : 3 of them
[15:25]   Varun : so makes ur deccison making esasy
[15:25]   Sid : clear…
[15:25]   Shai : 2 tails in the profike today
[15:25]   Shai : close coming near vwap
[15:25]   Varun : more rotation also one chance
[15:26]   Shai : yes sideways now
[15:26]   Sid : have to go guys …se u tomorrow..
[15:26]   Varun : but if we break down, singles will be covered and excess will be created after 600 points first time
[15:26]   RK : my GF or wish is rotation till afternoon tmw and then spike to 8590..I will discharge all my patients 🙂
[15:27]   Varun : i’ll take the gf, u can take the wish
[15:27]   Sankar : Appreciate you guys discussing. Right now feeling bit empty ;). But soon will bug you guys on the discussions.
[15:27]   Varun : 😉
[15:27]   Sankar : GF?
[15:27]   Vikkas C : GUT FEEL
[15:27]   r m : @
[15:27]   Sankar : lol. I was thinking girl friend.. but it doens’t make sense in that sentence.
[15:28]   RK : Varun 🙂
[15:28]   r m : @Sankar, not what you think 🙂
[15:28]   Sankar : RM u caught me 😉
[15:28]   Venkatesan : :)))))varun
[15:28]   r m : lol
[15:28]   Manoj : bye all
[15:29]   r m : @RK, your hook was indeed strong, did not let go of vwap 🙂
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Porus : bye all
[15:30]   Shai : 8525
[15:30]   Shai : Bye all
[15:30]   RK : thanks RM 🙂
[15:30]   Shai : have a nice evening
[15:30]   Ashish : Thanks and bye all
[15:30]   RK : thanks and bye all
[15:30]   Vikkas C : bye all
[15:30]   Sankar : Bye All 🙂
[15:30]   Sandeep : bye
[15:30]   Tejpreet : Bye All.
[15:30]   Manthan : bye every1
[15:30]   Vikkas C : hope to catch a big trade tomo 🙂
[15:30]   Sudhakar : Thanks shai Bye All
[15:30]   Dharamveer : bye all
[15:31]   Venkatesan : thank you shai, rm , kris , varuna dn friends
[15:31]   Ravi Chahal : bye
[15:31]   Augustin : Bye all
[15:32]   Varun : bye