OrderFlow charts and Notes 06/11/15

[08:46]   r m : Good Morning folks!
[08:46]   r m : http://vtrender.com/levels-and-plan-for-06th-nov/
[08:46]   r m : http://vtrender.com/orderflow-charts-and-notes-051115/
[08:46]   r m : http://vtrender.com/consolidated-orderflow-051115/
[08:47]   r m : Nifty NOV Future levels | KRA 8132 | Hypo1 above 8006➜8034➜8109 SL 7970 | Hypo2 below 7953➜7920➜7899 SL 7984
[08:47]   r m : Banknifty NOV Future levels | KRA 17050 | Hypo1 above 17169➜17252➜17420 SL 17066 | HYpo2 below 17010➜16927➜16855 SL 17115
[08:57]   r m : Results today – Auropharma, Bankbaroda, BHEL, BOSCH, Havells, M&M, PNB, SBI, SAIL, TATA Chem, Tatamotors, Unionbank, Voltas
[08:58]   r m : Results tomorrow – Andhra Bank, Corporation Bank, Dena Bank, Sunpharma
[08:58]   Gaurav A : good morning all
[09:03]   Anand : GM all
[09:05]   Shai : GM all
[09:05]   Ashish : GM all
[09:05]   Tejpreet : GM All
[09:06]   Vikkas : Gdmrng all
[09:06]   Vikkas : Hi RM
[09:07]   r m : Hi Vikkas
[09:08]   Tejpreet : Pre open flat …exit poll fails to convince bull or bear 😉
[09:08]   Kathir : GM Shai RM all friends
[09:08]   r m : Hi Kathir
[09:08]   r m : @Tejpreet, everyone can derive satisfaction from exit poll of one’s choice 🙂
[09:08]   Vikkas : +1 RM
[09:09]   Kathir : @tej yes now bulls and bears wait for results to come and then diwali to come …
[09:09]   Tejpreet : Yes but one should make a choice …here no one wants to make a choice !
[09:09]   r m : when there are two choices we have a nutral/normal day or follow global indices!
[09:09]   Kathir : but bears have the upper hand till yest eve right?
[09:10]   Venkatesan : Gm shai, rm and to all
[09:10]   r m : Hi Venkatesan
[09:10]   Venkatesan : hi kathir
[09:10]   Kathir : Hi venk ..hope your bills are settled by Tej now 🙂
[09:10]   Venkatesan : :)))))
[09:11]   Tejpreet : Kathir …Venkat did the needful but forgot to post the TASMAC bill.
[09:11]   Ashish : Bank of baroda results out
[09:11]   r m : This tasmac seems to be very popular usage in TN, RVaidya used it yesterday in his tweet too 🙂
[09:11]   Vikkas : how are the results
[09:12]   Kathir : yes RM 🙂
[09:12]   Vikkas : good or bad ?
[09:12]   Ashish : Looks bad,
[09:12]   Tejpreet : Yeah and sounds refined too …tasmac .
[09:12]   Venkatesan : :))) non issue the will
[09:12]   Venkatesan : come
[09:12]   Ashish : very bad actually
[09:12]   Vikkas : ok thanx ashish
[09:12]   Ashish : Soumya can guide better guys
[09:12]   Kathir : @ashish will know bad or good if market opens :
[09:12]   RK : GM Shai,RM and all
[09:12]   r m : Hi RK
[09:13]   Ashish : Net profit @ 124.48 vs cnbc poll of 1088
[09:13]   Kathir : oh very bad then
[09:13]   Venkatesan : hi rk
[09:13]   Kathir : BOB faced lots of negative issues past three months
[09:13]   Ashish : Looks a short @ open
[09:14]   Vikkas : Hi Rk
[09:16]   Kathir : oops bob 10 % down
[09:17]   Vikkas : spike rule valid here shai in NF
[09:17]   Kathir : lot size 3100 🙂 those had shorts got diwali treat really
[09:17]   Vikkas : haha kathir
[09:17]   Mayur : gm all
[09:18]   RK : Hi Venkat and Vikkas
[09:18]   Sharad : GM all
[09:19]   Shai : NF open in spike and at spike highs
[09:19]   Kathir : @RM trend day ahead :
[09:19]   r m : Thanks Kathir!
[09:20]   Kathir : oh sir Ii asked you 🙂
[09:20]   Mahendra : good morining
[09:20]   Tejpreet : After BOB result there will be a scramble to buy pvt banks whose numbers were much better.
[09:20]   r m : @Kathir, 🙂
[09:23]   Mahendra : Short covering?
[09:25]   Kathir : @ASHISH look at the volumes in BOB
[09:29]   Ashish : Yes Kathir, very high volumes in cash…
[09:29]   Shai : Selll NF below 8001 sl of 8027 tgt 7980/ 7950
[09:30]   Tejpreet : Shai hypo 1 in Nifty can be taken now
[09:32]   Tejpreet : Oops missed the sell call …getting delayed messages.
[09:32]   Rahul P : was there a pull back after testing yest poc ?
[09:32]   Vikkas : thanx RM
[09:33]   r m : welcome, it is in the documents folder on right bottom of this screen
[09:33]   RK : Shai Relcap 407 possible from here?
[09:33]   RK : break of 414
[09:33]   Vikkas : 🙂
[09:34]   Kathir : @RM how about the volumes there at bnf low today..pl check?
[09:35]   Kathir : nf 7981 bnf 16981 – 981 fancy :
[09:37]   r m : 🙂
[09:38]   r m : 2010 volume at 16981
[09:38]   Varun : drive fail
[09:39]   Vikkas : @RK and @varun got my exit in the 8300ce 🙂
[09:39]   Rahul P : 80% rule fails, so the other 20% today
[09:40]   Varun : great
[09:41]   Shai : Tgt 1 NF- move sl to 8004 on balance
[09:41]   RK : Cool Vikkas
[09:41]   Shai : was on poor vols Varun that drive
[09:42]   Shai : see first 2 bars of 5 mins
[09:42]   Varun : so we will rotate
[09:43]   r m : spike being renegotiated 🙂
[09:46]   Mayur : shai, any chance of IBL being revisited in BNF ??
[09:49]   Shai : Mayur can’t say for sure- we have a prominent POC here at 17082 and mkt choosing to rotate here
[09:50]   Mayur : ok. thx.
[09:52]   Varun : shai earlier we used to get poc of previous days in 30 mins
[09:53]   Varun : in black highlight
[09:53]   Varun : cn u add over weekend
[09:54]   Vikkas : the black band on 30 mins is that developing value
[09:56]   Vikkas : ?
[09:56]   RK : Yes Vikkas
[09:57]   Vikkas : thanx RK
[09:59]   Kathir : @RM thanks
[10:01]   Shai : Varun on MP chart?
[10:05]   Varun : no 30 mins
[10:05]   Varun : tht time 15 mins
[10:05]   Varun : u had marker fr poc
[10:06]   Varun : if u cn do on mp
[10:06]   Varun : nothing like it
[10:07]   Shai : exit balance NF shorts- 7987 now
[10:07]   Varun : like ur lines, just tht thy mention whts the line for
[10:07]   Shai : ok got it- the npoc?
[10:08]   Shai : will put them up
[10:09]   Varun : ya do it on mp
[10:09]   Varun : suits more thr
[10:09]   Varun : and if u can do like val vah previous f
[10:09]   Varun : days
[10:10]   Varun : just lines as on blogs
[10:10]   Vikkas : +1 varun
[10:11]   RK : Shai we have excess at top and accepting spike zone..if break IBL, can add some positional in NF with 8030 stops?
[10:11]   Varun : will make it very comprehensive profile
[10:11]   Varun : rk excess only if outside range
[10:12]   Varun : thts a tail
[10:12]   Varun : and a nice tail
[10:12]   Varun : as vwap also gt rejected
[10:13]   Shai : RK yes move has sl of 8050 now and only 7955 F as supp below that see 7824F
[10:13]   RK : oops right Varun
[10:13]   RK : thanks Shai
[10:13]   Varun : bnf has some excess on lows, but true excess piercess thru previous day value
[10:14]   Varun : like excess + 80 % is trend reversal
[10:15]   Shai : sell BNF near 17080 sl of 17128 tgt 17010. cmp 17055 but sell near 17080 only
[10:17]   Uttam : IBL broken on NF could be short here with SL above DH?
[10:20]   RK : thanks VArun
[10:22]   Shai : short below 7855
[10:22]   Uttam : 7955*
[10:23]   Uttam : next level 7911 Shai? that is a VPOC
[10:27]   Shai : 7926 is vpoc
[10:27]   Uttam : oh ok, SL for shorts would be IBL now?
[10:27]   Shai : vwap
[10:27]   Uttam : ok, thanks
[10:28]   Shai : Buy 7900 pe 117- 119 sl of 98 tgt 140/ 144
[10:28]   Uttam : suprisingly BNF not falling though Nf making new lows, wonder what will happen to NF if BNF also starts falling
[10:29]   Varun : bnf has a buying tail below range, normally very strong
[10:29]   Varun : thts y
[10:29]   Vikkas : varun whats ur take on nF here on
[10:29]   Uttam : thanks Varun & if that tail goes, we could be in for a big fall?
[10:29]   Varun : we need to take support here else 100 mre fall
[10:30]   Varun : if we rejct from here could rally
[10:30]   Vikkas : aiteee thanx brotha
[10:30]   Varun : but trend is down
[10:30]   Varun : so wait for atleast a failed auction
[10:30]   Shai : yeah supports are here 7955 zone in F
[10:30]   Vikkas : yup..was more soo looking at a rejection from 7930 types
[10:30]   Shai : if buyers don’t pick it abv vwap bulls have a problem
[10:34]   Vikkas : haha..anytime RM
[10:34]   Kathir : @RM when I had longs yest ..wanted BJP win in bihar ..now bought PE and want nithish win 🙂
[10:34]   Kathir : lol RM
[10:34]   r m : @Kathir, Position speaks 🙂
[10:34]   r m : to misquote Varun 😀
[10:37]   Varun : for wht rm ?
[10:37]   Varun : didnt get u
[10:37]   Varun : if market is rejecting from here, bjp is winning
[10:37]   Varun : we mite to rejection in gap
[10:37]   Varun : do ”
[10:39]   r m : @Varun – borrowed your “Postion speaks” quote 🙂
[10:40]   Varun : 😉
[10:40]   Varun : lets enter 76 and create excess
[10:40]   Varun : next 5 mins would be lovely
[10:43]   Varun : buck up 2 more mins
[10:45]   Varun : thts the power of excess
[10:45]   Shai : cross vwap needed for excess
[10:46]   Varun : shai 30 point tail
[10:46]   Varun : i hope it remains
[10:47]   Shai : Keep an NF buy abv 7986 sl of 7959 tgt 8025/ 8038
[10:47]   Varun : we have tails both in nf anf bnf
[10:47]   Varun : 🙂
[10:48]   Shai : exit the BNF short trade at cost here 17076
[10:48]   Bhagya : also on orderflow no sellers seen at lower levels..
[10:48]   Bhagya : nifty
[10:52]   Shai : yes
[10:57]   Shai : 86 cross
[10:58]   Uttam : entered nf long but pe sl hit
[10:58]   Shai : pe was an opportunity trade as fall below 7955 could have been big
[10:58]   Shai : 7900 pe stopped
[10:59]   Varun : 🙂
[10:59]   Varun : this could be bottom
[11:00]   Uttam : 🙂
[11:00]   Uttam : amen…
[11:01]   Shai : one step at a time , for the moment we look at the bull doing the IB band trade and hitting vpoc
[11:02]   Rahul P : shai, is it too early to call this buy tail as excess ?
[11:04]   Varun : 🙂
[11:05]   Rahul P : varun, your view on this question ?
[11:05]   Porus : Why has VIX fallen?
[11:05]   Varun : fro me its good
[11:06]   Varun : it crossed vwap, i take vwap as imp ref point
[11:06]   Varun : shold hold vwap and will flow
[11:06]   Shai : Rahul excess is confirmed only on EOD data
[11:07]   Shai : if we go below IBL again , excess won’t be there
[11:09]   Mayur : crossing BNspot 17200 will be ideal for bulls to run to 17700
[11:10]   Mayur : even then it stays a pb rally. short again with 17930spot as stop
[11:11]   Varun : bnf , simply wow
[11:13]   Uttam : BNF did give the first hint with the tail in the morning Varun & which is sustained
[11:20]   Varun : 10:29 Varun : bnf has a buying tail below range, normally very strong
[11:22]   Uttam : yep Varun remember that 🙂
[11:22]   Hari : @shai, one Q, why we coming back to vwap mulitple times after spike, any thoughts please
[11:24]   Shai : Has vol spike there 10.55 bar , has to tarde abv that spike high now for 20 points plus
[11:31]   Shai : Book 50% NF 8010 , move sl to 7984 on rest
[11:42]   Mayur : shai,is that a selling tail yesterday @ 17262 on bnf. we could be testing for more sellers there today ?
[11:42]   Shai : Buy BNF 17170- 17175 sl of 17125 tgt 17262/ 17316
[11:43]   Shai : yes today’s early buyers v/s that sellers
[11:43]   Shai : we are abv vah and IBH and tht test is setup
[11:44]   Mayur : oki. thx
[11:44]   Shai : sl is just below that lows of 11.20 am
[11:45]   Shai : can also re- enter NF at vwap and palce a sl at 7970 for the new longs – same tgt
[12:00]   r m : Bye for now guys, have to leave today, will try to peep in before close 🙂
[12:01]   Ashish : See you RM
[12:01]   Kathir : bye RM
[12:01]   Hari : cya RM
[12:01]   Vikkas : bye rm
[12:02]   Hari : @ rm enjoy pannuga
[12:02]   Kathir : Oh hari in TN..
[12:03]   Hari : Yes ma
[12:03]   Hari : was enjoying the tasmac conversation you folks had ydya
[12:04]   Vikkas : http://www.cnbc.com/2015/11/05/reserve-bank-of-indias-rajan-hints-imminent-rate-cuts-are-unlikely.html
[12:04]   Vikkas : whats TASMAC ?
[12:07]   Kathir : 🙂 Tamil Nadu State Marketing Corporation..which runs all liqour shops in TN
[12:07]   Hari : TASMAC is the organization that sells liquor in TN owned by govt
[12:08]   Vikkas : ahhh..thanx kathir and hari
[12:08]   Ashish : SBIn out
[12:08]   Vikkas : good or bad ?
[12:08]   Ashish : SBI Q2: Net Profit At Rs.3,879 Cr Vs CNBC-TV18 Poll Of Rs.3,581 Cr: Union Bk 163.50 +0.96% @CNBCTV18Live
[12:08]   Vikkas : thanx ashish
[12:09]   Ashish : SBI Q2: Gross NPA At 4.15% Vs 4.29% (QoQ): SBI 242.65 +3.74% @CNBCTV18Live
[12:11]   Ashish : good numbers
[12:11]   Shai : watch 243.3 cash to hold
[12:11]   Vikkas : soumya i wonder how do u get such news before the event unfolds ..remeber him saying 3 days back sbin nos will be good
[12:11]   Ashish : PNB also out
[12:11]   Shai : sorry 244.3
[12:13]   Vikkas : @ashish PNB good or bad ? sorry for troubling u
[12:13]   Ashish : Not good.. but stock is holding as of now
[12:14]   Vikkas : thank u sir
[12:14]   Ashish : Welcome Sir!!
[12:14]   Kathir : @shai any resistance in BOB now ?
[12:16]   Ashish : BN not moving after SBI and PNB results. What else you want BN?
[12:24]   Hari : @shai, makes sense to buy 8100 CE now
[12:27]   Ashish : Shai, Any option strategies for Monday in view of Bihar results?
[12:31]   Shai : 2 legs of a spread Ashish for safety
[12:32]   Hari : @shai, now that we are above vwap can we accumulate NF
[12:32]   Shai : Ye Hari sl will be day lows
[12:32]   Ashish : Please, if you could advise strikes.
[12:32]   Shai : price confirmation of the move is a trade abv 8038 F
[12:33]   Hari : thank you
[12:35]   Shai : Based on OrderFlow Ashish 7900 put is being sold
[12:35]   Shai : 8200 ce and 8300 ce being sold
[12:38]   Shai : Think the mkt is looking at a 7950- 8100 range into next week
[12:38]   Shai : at 7985 risk reward favors longs as long as day lows is not visisted
[12:39]   Ashish : Thanks Shai 🙂
[12:42]   Janak : alright – ready for a ride?
[12:42]   Vikkas : hey shai just noticed the values on daily ..thank u soo much
[12:42]   Janak : a mkt which has fallen all week – why would it rise on friday afternoon? 🙂
[12:42]   Vikkas : pls do the same for BNF as well 😀
[12:45]   Hari : @janak you are awesome as always
[12:45]   Shai : welcome
[12:45]   Shai : done
[12:45]   Vikkas : thank u 🙂
[12:46]   Janak : i sold bnf at 17180 against the master’s call and before he runs after me got out at 17145 ;
[12:53]   Kiran : the moves around 17120 in Sep are quick but here taking lot of time .
[12:53]   Kiran : 17170. *
[12:57]   Kiran : Does BNF qualify for 80% to VAL ?
[12:58]   Kiran : atleast yPOC
[13:00]   Shai : BNF stopped
[13:00]   Janak : shai i had nothing to do with it 🙂
[13:00]   Janak : your owner – mein bekusur hoon ::
[13:00]   Kathir : 🙂
[13:01]   Shai : 🙂
[13:01]   Shai : Kiran has to break vwap, but % wise it is lesser
[13:01]   Vikkas : chalo guys off for the day ..see u all on monday ..cheers and happy weekend
[13:01]   Shai : more probability fo 80% going for tgt before 11.30
[13:01]   Kathir : vikkas moving early to enjor dr.reddy .mmmm
[13:02]   Kathir : bye vikkas
[13:04]   Hari : are bulls messing it up?
[13:09]   Tejpreet : Guys as bulls n bears sleeping , have a look at this http://www.slidenjoy.com/. Innovation at it’s best !
[13:14]   Janak : tej – jess L said – he was niether a bull nor a bear – he was a pig 🙂 and pigs never sleep – they scalp also…..
[13:14]   Tejpreet : Infact Janak these kind of markets which do not trend are best for scalpers .
[13:14]   Shai : yes just getting a bit weaker for the bull below 7985
[13:15]   Shai : BNF also below vah/ ibh
[13:15]   Shai : it’s friday and shorts are in profits , so will they book or force the longer term bulls out?
[13:15]   RK : Shai now NF got a chance to checking lows after entering singles here
[13:17]   Janak : shai friday they will book for sure but when? :_)
[13:17]   Janak : first create max panic and then
[13:17]   RK : tested yday vwap and rejected..and again creating VA lower..shorts will not cover is my take
[13:18]   RK : Kathir can you update MO?
[13:29]   Uttam : NF shorts could be taken below 7965 Shai?
[13:34]   Porus : Janak, 7850? 🙂
[13:37]   Kathir : rk WHATS ADV DECLINES NOW ?
[13:39]   Tejpreet : ADV 514 dec 934
[13:44]   Uttam : big vol spike
[13:45]   Uttam : Sl for shorts will be VWAP in NF Shai?
[14:03]   Gaurav A : double bottom on nifty spot
[14:04]   Uttam : @Varun singles being entered into so bulls not doing a good job?
[14:08]   Uttam : how come no msgs here? weekend started early guys?
[14:14]   Venkatesan : uttam u have shorted NF?
[14:14]   Shai : test
[14:14]   Shai : charts up?
[14:14]   Uttam : yes
[14:14]   Sandeep69 : yes
[14:14]   Porus : yes
[14:14]   Ashish : yes
[14:15]   Venkatesan : yes
[14:15]   Uttam : i covered @ 10 points loss Venkatesan as did not break morning lows
[14:15]   Sandeep69 : shai any btst here ?
[14:16]   Shai : Not yet sandeep- let’s move a little closer to the close
[14:16]   Sandeep69 : okay
[14:17]   Uttam : Shai NF broke & staying below VWAP so it is bearish right or are we cautious because of event coming up?
[14:19]   Porus : Shai, on nf do we have a PL or sa tail?
[14:21]   Sandeep69 : premium in nf reducing , now down to 20
[14:22]   Mahendra : that is bullish sign
[14:27]   Shai : Uttam at 7955 weekly supp
[14:27]   Shai : have to be cautious both short and long
[14:28]   Uttam : hmmm ok Shai
[14:28]   Uttam : buyers & spike now
[14:33]   Gaurav A : diwali buyers it seems 🙂
[14:37]   Tejpreet : BN booked from 98 to 210.
[14:38]   Kathir : 12 Points?
[14:38]   RK : 112
[14:38]   Tejpreet : 112
[14:39]   Kathir : oops ..congrats Tej
[14:39]   Kathir : @RK my MO file got corrupted not updating 🙁 sorry
[14:39]   RK : no issue
[14:39]   Tejpreet : Thanks Kathir minus earlier 35 SL
[14:40]   Kathir : it has to be updated everyday..but I missed it in between..when I tried to load large data..it collapsed
[14:41]   R Goel : shai if possible can you pas your views on cnxit
[14:41]   R Goel : this being an index so pasted it here
[14:48]   Shai : sure
[14:51]   Shai : cnxit has res at 11600 and so far holding 11400 weekly supp
[14:51]   Shai : if 11400 breaks next week can run down
[14:51]   R Goel : okay thanks
[14:51]   Shai : but short covering begins when 11600 is crossed
[14:52]   R Goel : shai wht can be the value areas
[14:52]   R Goel : weekly
[14:52]   Sandeep69 : fight at vwap in nf going here
[14:52]   Sandeep69 : shai if we close above vwap, shpuld we carry long positions
[14:52]   Sandeep69 : should
[14:54]   Shai : price is not giving a long confirmation here- any position size is purely anticpatory on previous known support
[14:55]   Shai : would have preferred NF at 8025 plus , but monday if it comes can buy
[14:55]   R Goel : so shai above 8025 should be bought into
[14:56]   Shai : yes that would mean price conf
[14:56]   Tejpreet : BN has been dud of the week , for next week all I can say is rest over the weekend and then Ab tu jaag milkhaBas tu bhaag milkha 😉
[14:56]   Shai : we would be trading abv value in thatc ase
[14:57]   Shai : case*
[14:57]   Sandeep69 : lot of reds in nf in this 30 mint candle
[14:58]   Shai : for longs my 3 conditions : ability to trade abv vwap, ability to do a RE of IBH upside and close abv vwap
[14:58]   Shai : reverse for shorts
[14:58]   Sandeep69 : none meeting here 🙁
[14:59]   Shai : the last RE we did was 30oct but that was also a neutral ext
[14:59]   Shai : RE upside
[15:01]   Hemant : Shai, can carry shorts into next week if it closes here ?
[15:05]   Shai : yes Hemant
[15:06]   Shai : can carry existing but don’t open new ones
[15:06]   Hemant : Ty Shai 🙂
[15:06]   Uttam : monday are the bihar results right?
[15:06]   Uttam : or sunday?
[15:07]   R Goel : sunday
[15:08]   Uttam : thanks RG so monday open will be firm hopefully
[15:11]   Tejpreet : Guys I will be away from Monday on vacation for a week , will try to access chat on mobile as and when possible. Wishing Shai , RM and entire chat room memebers Happy Diwali …..Play safe and enjoy.
[15:11]   Venkatesan : happy diwali tej
[15:11]   Kathir : Happy diwali Tej..enjoy your holidays 🙂
[15:12]   RK : Tej..great..enjoy
[15:12]   Venkatesan : Happy diwali to shai, rm , varun, rk, kathir and every one in this room
[15:12]   Shai : Wish you and your family a happy Diwali Tejpreet. Enjoy the break
[15:12]   Mayur : Bye all.
[15:13]   Tejpreet : Thanks Shai and everyone.
[15:14]   Uttam : Happy Holidays Tejpreet & Happy Diwali in advance 🙂
[15:14]   Kiran : Happy Diwali
[15:15]   Porus : HDFC Sec has put ot a technical call of 7500 leels for this month.
[15:15]   Shai : hmm
[15:16]   Sandeep69 : i think last time they were correct in predicting the fall
[15:16]   Sandeep69 : this time ?
[15:16]   Shai : Porus you have the rport?
[15:16]   Porus : can find it
[15:16]   RK : Sandeep we know mkts well..never give a chance again to same person 🙂
[15:17]   Sandeep69 : thats what I thought RK 🙂
[15:17]   Hari : @shai, your msg on going for longs/shorts was a gem, is there some place where you can store such observations which we can refer to during trading/offline, it will helps us a lot
[15:17]   RK : Sandeep but these guys follow waves and I think they are on track with the markings..
[15:18]   Kathir : @shai how do you look at this weekly close NF here?
[15:18]   Sandeep69 : looks like we are gonna close above vwap
[15:18]   RK : with waves its all about proper marking so there are chances they will be right this time too
[15:18]   Sandeep69 : okay RK , lets keep that in mind
[15:18]   Tejpreet : But Porus I got HDFCSEC viewpoint in morning stating that Markets could bottom out soon as BJP loss is priced in
[15:19]   Sandeep69 : at vwap
[15:19]   Sandeep69 : I am going with longs into Monday
[15:19]   Sandeep69 : lets see
[15:19]   Porus : Tej, this seems to be a monthly view
[15:20]   Tejpreet : Yes that could be the case .
[15:20]   Shai : Be wary of ICICI and HDFC sec. Their institutional desks are very strong
[15:21]   Shai : but they can flip their view also in hours, so keep tracking
[15:21]   Sandeep69 : will cut my longs if we tarde below todays low on monday, with that view
[15:21]   Tejpreet : Shai you mean there recommendations and index view should be taken seriously.
[15:21]   Sandeep69 : trade
[15:22]   Shai : Tejpreet I know icici and hdfc do a lot of trading in expiry week
[15:22]   Sandeep69 : shai how about my strategy
[15:23]   Sandeep69 : bnf at days high
[15:23]   Tejpreet : I fully agrre with that Icici expiry ideas were always good.
[15:24]   Sandeep : so going clean into the event?
[15:26]   Shai : Sandeep day low sl is good
[15:26]   Sandeep69 : thanks shai
[15:29]   Ashish : Thanks and bye all
[15:30]   Uttam : close @ VWAP
[15:30]   Tejpreet : bye all
[15:30]   Porus : bye all
[15:30]   Venkatesan : BYe all
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice weekend
[15:31]   Uttam : have a nice weekend all 🙂
[15:31]   Kathir : Thanks and bye all
[15:31]   Sandeep69 : bye all
[16:03]   Mahendra : bye all

[09:06]   Vikkas : (08:57) r m:Results today – Auropharma, Bankbaroda, BHEL, BOSCH, Havells, M&M, PNB, SBI, SAIL, TATA Chem, Tatamotors, Unionbank, Voltas
[09:16]   Ashish : Shai, Tatasteel downside targets?
[09:18]   Shai : 215.7 likely to hold intra
[09:18]   Ashish : Thanks Shai
[09:19]   Vaibhav : can yes bank be shorted shai?
[09:21]   Shai : yes bank not yet a clean short at this opn though res is there at 780
[09:21]   Shai : watch if price drops below 769 again for a short
[09:24]   Vaibhav : can 740 pe be bought for yes bank or any other strike.
[09:29]   Mayur : shai, view on cipla. even after bad results up 2%
[09:31]   Shai : Vaibhav yes bank has a seller at 780 but may hold 755 intra today- however positional can do 733 with same sl next week
[09:32]   Ashish : What’s up with REC and PFC, big cuts
[09:33]   Shai : cipla still inside but inra day strong abv 661 today. see res at 678 which if overcome can pus it t 702
[09:33]   Kathir : @shai BOB will it test the lows of today again ?
[09:34]   Mayur : ok thx
[09:34]   RK : (09:33) RK :Shai Relcap 407 possible from here?
[09:35]   Shai : relcap weekly looks subdued and iffy- watching 413- 414 fr weakness then can drop to 407/ 401
[09:36]   RK : TTM may comeup with bad results..just an observation from price action of that over reaction of 7% up from sales figs yday..
[09:37]   Shai : bob res at 155 below that can visist 145 at close avoid if crosses abv
[09:37]   RK : ok will take 412 as ref on safer side..thanks
[09:37]   RK : one drop is due there..it has been hitting that 425-27 last few days..
[09:39]   RK : ACC nasty move..1370-1440-1370 in just 3 days..
[09:42]   Shai : @ Kathir ask Jank about his BoB short
[09:43]   Shai : I dont think he has to login for a few days
[09:43]   Shai : Janak**
[09:44]   Kathir : wow is it Janak..
[09:44]   r m : may be watching Yacht companies brochures 🙂
[09:50]   Ashish : Shai, Daily order flow chart of REC please
[09:50]   Kathir : @shai thanks for BOB
[10:03]   Uttam : ACC good to short here Shai?
[10:03]   Vikkas : shai view on L&T positional longs ?
[10:05]   Shai : Ashish red vol is too poor to get a OrderFlow chart and bid- ask not displaying prperly
[10:06]   Ashish : Ok Shai, Thanks a lot… what will be suppport of REC now?
[10:06]   Shai : stock has monthly supp at 233 and may bounce but should get resisted again at 245/ 47
[10:06]   Ashish : Thanks Shai:)
[10:09]   Vikkas : (10:03) Vikkas :shai view on L&T positional longs ?
[10:10]   Shai : acc shorts are piling in- is a clean short below 1392 for 1365 however intra bounce is to 1386 and intra weakness below 1375 today
[10:10]   Shai : so may consolidate today but can move next week with sl and same tgt
[10:10]   Uttam : thanks Shai
[10:11]   Uttam : SL will be 1398 or 1392 Shai for ACC shortS?
[10:11]   Shai : LT good over 1371 all day tgt of the move next few days is 1404′
[10:12]   Vikkas : thanx shai
[10:12]   Shai : if 1404 is crossed then short covering to vpoc 1490 possible
[10:12]   Vikkas : super
[10:13]   Kathir : wow vikkas watch for 1404 🙂
[10:13]   Vikkas : drrreddy damnnn
[10:13]   RK : Whats the news with DR?
[10:14]   Vikkas : no idea just tanked
[10:14]   Vikkas : what happened there
[10:14]   Ashish : Warning letter from US FDA to reddy
[10:14]   RK : thanks Ashish
[10:15]   Vikkas : thanx ashish
[10:16]   RK : RM DR 300 in 10 mins 🙂
[10:16]   Vikkas : thats some crazy shit
[10:16]   RK : though little late about a week
[10:17]   r m : @RK 🙂
[10:17]   Ashish : this is the problem with these pharma stocks, US FDA can come anytime…
[10:18]   r m : yep, it is tussle between US Pharma companies and Indian Companies and FDA is a biased umpire 🙂
[10:18]   Ashish : Shai, support of dr reddy id 3870 or more down?
[10:19]   Ashish : Yes RM..
[10:20]   Shai : 3870 and 3809 below it
[10:20]   Ashish : thanks
[10:21]   r m : Mahabar! http://screencast.com/t/1FAHL8joZ
[10:21]   RK : DR has almost done 100% vol of last 20 day avg
[10:21]   Vikkas : @RK where u short in dr from yesterday
[10:21]   Kathir : fake DR 🙂
[10:23]   Vikkas : dr on LC
[10:23]   Vikkas : haha
[10:23]   RK : 2 months whip was there and all sins washed away today 🙂
[10:24]   Ashish : I was long but squared off and went short after CNBC’s alert. uff
[10:24]   Vikkas : yes RK
[10:24]   Ashish : it reached 3809, 2nd support now
[10:24]   Vikkas : i was short since yesterday @ 4310
[10:25]   Ashish : WOW vikkas, must be a party tonight then 🙂
[10:25]   Vikkas : 😉
[10:25]   Ashish : amlost 500 points Vikkas
[10:26]   Ashish : I shorted it today at 4137
[10:26]   Vikkas : @RK thanx for getting me hooked on to this stock ..its crazy
[10:26]   Vikkas : super ashish
[10:26]   Kathir : come on guys looks like a big party ahead then 🙂 congrtas all short guys
[10:26]   Ashish : a beneift of watching TV during market hours 😉
[10:27]   Vikkas : i dont have a tv in my office ..lol
[10:27]   Ashish : hahah
[10:31]   Kathir : @RM one warning letter from US has so much power 🙂
[10:31]   r m : yeah, they have major exports to US
[10:31]   R Goel : shia view on hexaware
[10:32]   Shai : Nice 1 Vikkas .
[10:33]   Misaal : Whats happening in Dr Reddy
[10:33]   Vikkas : thanx shai 🙂 As said earlier Vtrender has helped my soo much to better my trading style by leaps and bound..hats off to everybody here..appreciate all the fforts that everybody puts in here ..more like a family
[10:34]   Tejpreet : +1 Vikkas 😉
[10:34]   Shai : Great to know Vikkas. A tweet to @Vtrender would help
[10:34]   Vikkas : yes defo will do it now
[10:34]   RK : RM lost connection..you need to paste again if anything is addressed to me 🙂
[10:35]   Kathir : nothing RK you just share Tasmac bill along with vikkas today 🙂
[10:35]   r m : @RK, (10:26) Vikkas :@RK thanx for getting me hooked on to this stock ..its crazy
[10:35]   r m : 🙂
[10:36]   Shai : hexaware looking good
[10:36]   Shai : seeing new buying abv 247 which has 254.5 as tgt but could do 263.9 alos in 2- 3 days
[10:37]   RK : thanks RM
[10:37]   RK : Vikkas Welcome 🙂
[10:37]   R Goel : thanks shai
[11:10]   Kathir : Look at BOB 🙂
[11:10]   Kathir : -11 % to + 3 %
[11:15]   Kathir : @shai any support is there for dr.reddy
[11:15]   Kathir : looking for some contra trade
[11:17]   Shai : sbi is a mover guys on postnly- big short covering possible abv 244.3
[11:18]   Shai : intra day is still good for 243.2 and dips should be bought to 237 with stops below 235
[11:19]   Shai : dr reddy 3 sigma move- has broken all the supports
[11:19]   Shai : see the 3608- 3660 band as a postnl supp
[11:19]   Kathir : where is its vwap shai
[11:20]   Shai : in dr?
[11:20]   Kathir : wow 3660 low today..yes shai dr
[11:20]   Ashish : 3814, I think
[11:20]   Shai : 3971 vwap dr
[11:20]   Kathir : ok thanks shai
[11:21]   RK : it may offer some bounce when management comeup with statement..but would be very dificult to trade for a week atleast 🙁
[11:21]   Vikkas : agreed RK..
[11:21]   Ashish : Shai, VWAP is of Spot price?
[11:21]   RK : Ashish any idea whether news was through company to exchange or news based?
[11:21]   Ashish : to exchange
[11:21]   Kathir : ok RK..so till now no reponse from their side is it?
[11:22]   RK : then hope of +ve statement from management is also ruled out..
[11:22]   Ashish : http://www.moneycontrol.com/news/announcements/dr-reddys-laboratories-receives-warning-letterusfda_4018621.html
[11:23]   RK : Kathir if its through exchange means, company will come up with statement once all the dust settles..
[11:23]   RK : thanks RM
[11:23]   Ashish : Someone from company also came on CNBC, don’t know exactly who was he
[11:25]   RK : Shai how was it conceived in short term I mean these notices..kind of knee jerk move down and then slow rise or they keep go down in past..I have never witnessed/tracked them in the past?
[11:27]   Vikkas : shai is it possible for u share Drreddy profile of 4th..is that a excess
[11:28]   Vikkas : i mean a selling tail
[11:38]   Tejpreet : How about selling DRReddy OTM puts , strictly for cash buying if it goes to that levels. like 3000 put at 32.
[11:38]   Tejpreet : *3300
[11:47]   Shai : Yes Ashish spot ticks
[11:47]   Shai : RK, did not follow your 11.25?
[11:48]   Ashish : Thanks Shai
[11:49]   RK : Shai just wanted to know consequences of price action with such FDA notice in past..didnt track them and you are familar with pharma..so wanted your view
[11:55]   Kathir : @RK what was the content of that letter…
[11:55]   Kathir : notice
[11:58]   RK : something like inspection of their 3 plants and rumour says they cannot go for production till inspection is cleared..not sure though
[11:58]   RK : management interview video to ETnow not promising..
[11:59]   Kathir : ok thanks
[11:59]   Kathir : and if insepction gets over and things are cleared we can expect same 13 % upside 🙂 ..
[12:01]   RK : not going to happen so soon Kathir..this inspection and all comes with so much stringent norms and always a headache and never gets cleared in one shot
[12:01]   Kathir : ok
[12:01]   RK : esp with US norms our garment factory itself never got cleared in one shot..it was always a long process..and when its drugs, its a long way to get over
[12:02]   Kathir : true RK
[12:02]   Vaibhav : ipca labs after one and a half yrs, still hasn’t been able to clear the inspections
[12:03]   RK : oh!
[12:03]   Shai : DR Deddy profile – http://screencast.com/t/rgcapTz5ow yes excess on 4 and 5th Nov
[12:04]   RK : I had to spent a whole week only to understand their questionairre before the audit once 🙂
[12:05]   RK : *spend
[12:05]   Vikkas : thanx shai
[12:05]   Shai : Dr Reddy 3 day Orderflow all shorts : http://screencast.com/t/hBGuOWz1l7Q
[12:05]   Shai : so people knew about it
[12:06]   Vaibhav : can drr be bought for trading bounce intra shai ?
[12:06]   Vikkas : wow..insider trading..lol
[12:06]   Shai : RK, lots of things happen after that, now brokerages will send notes on the impact on earnings etc and then if it is big then revisiions/ dowgrades
[12:06]   Soumya : Shai can you please check BHEL for shorts?
[12:07]   Shai : but the early worms got their meal and mae the easy trade
[12:07]   RK : true Shai..thanks
[12:08]   Shai : Vaibhav very high risk as it is trading below all know references
[12:09]   Shai : Soumya Bhel has big support at 190 today lows
[12:09]   Shai : if it breaks than can drop to 181/177
[12:10]   Vaibhav : shai, bank of india above ur ref level of 134.50 good for longs?
[12:10]   Shankar : Shai your views on axisbank for longs pl
[12:14]   Shai : yes boi good for 137.7/ 139 sl below 131 now
[12:19]   Shai : axis will be god for longs avc 467
[12:20]   RK : Relcap 407 done
[12:20]   Shai : axis needs to do a bit more to push shorts out
[12:21]   Shankar : thanks Shai
[12:22]   Soumya : thank you shai
[12:55]   Kathir : @SHAI pl have alook at BOB..can it be shorted here ?
[12:56]   R Goel : shai also if possible vieews on TTM
[12:56]   R Goel : i am sorry if u have given before
[13:01]   RK : Shai M&M for 1230 from here or can expect more?
[13:03]   Soumya : Brother can you check NSE: LUMAXIND please?
[13:05]   Shai : Bob Sl is 165.2 but short below 160.2 for 155 with 1 .5 bucks sl – better
[13:06]   Kathir : sure shai thanks
[13:07]   Shai : ttm our weekly obj was 407 and it went t 411 I think . 390 is still supp and posynl can buy
[13:08]   Shai : sl is 377 on longs coming week
[13:09]   Janak : sell hindpetro future at 795 shai for 790-85?
[13:09]   Shai : 1236 is a supp in MM but if it breaks that expect 1222/ 1210
[13:09]   RK : thanks Shai
[13:10]   R Goel : thanks shai
[13:19]   Porus : ,shai, what are levels for TAMO?
[13:21]   Janak : sell tatasteel shai?
[13:23]   Soumya : Shai LUMAXIND
[13:24]   RK : Porus TTM levels just posted
[13:24]   RK : (13:07) Shai :ttm our weekly obj was 407 and it went t 411 I think . 390 is still supp and posynl can buy
[13:29]   Porus : Thanks RK
[13:30]   Shai : lumax has had a good move and may be consolidating here
[13:31]   Shai : see 433 positional as a very good supp
[13:31]   Shai : can run up to 526
[13:43]   Soumya : thank you brother
[13:47]   Tejpreet : Shai any buyers at lows in Adani Ports .
[13:47]   Sumit K : Shai – EICHERMOT levels
[13:55]   RK : M&M 1222 done
[14:09]   Shankar : Shai your views for tatapower please
[14:12]   Shankar : is SRF seeing buyers?
[14:15]   Shai : yes adani has seen buying at lows
[14:17]   Shai : eicher breaking on highs vols
[14:17]   Tejpreet : Thanks Shai.
[14:17]   Shai : see 16616 as support now but weak on close below 17400
[14:21]   Vaibhav : gmr infra shai< trading bet for monday?
[14:21]   Shai : tata powr may be moving to 70 sl at 66.9
[14:22]   Shai : close abv 67.6 is further conf
[14:23]   Shai : srf still weak – may probe 1234
[14:23]   Shai : Not enough buying srf
[14:23]   Shankar : thanks Shai
[14:25]   Shai : gmr is oversld on chart, may bounce
[14:27]   Shankar : how abt Voltas Shai?
[14:31]   Uttam : SBIN longs can be carried right Shai?
[14:40]   Shai : yes sbin not done enough at resistance but we will give the auction one more chance on mon
[14:41]   Uttam : the good thing about SBIN after results is that it sustained the upmove of the morning
[14:42]   Shai : voltas spike up meeting supply, should move to 263/ 261
[14:44]   Tejpreet : ndtv
[14:45]   Tejpreet : oops by mistake was for other chat room .
[14:46]   Kathir : @Tej now I understood why you are going for a super computer from Trichy 🙂
[14:47]   Kathir : @shai did you see any kind of buying there near positional support of dr.reddy 3600 range
[14:48]   Tejpreet : No kathir no super computer …only mini computer as space on my desktop is premium !
[14:48]   Vaibhav : expecting 3300 n drr
[14:49]   Kathir : @tej ok
[14:49]   Kathir : ok vaibhav..
[14:50]   Kathir : @vaibhav shai’s positonal support is here..but news based move anything can happen
[14:52]   Vaibhav : i have seen, pharma stocks go down 20-25 % min based on these news
[14:52]   Kathir : @RK Tej someone minted huge money in 4000 pe ..low 14 and high 370 odd.volume 10 lakhs above 🙂
[14:52]   Kathir : ok vaib
[14:52]   Vaibhav : i am not strong with charts
[14:53]   Tejpreet : Yes DRReddy is clear case of insider trading as shown by OF.
[14:53]   Kathir : Vaibhav then I am your close friend 🙂
[14:54]   Kathir : tej I dont think they have coverred yet..
[14:55]   Tejpreet : OK Kathir , want some more i guess.
[14:56]   RK : Thanks Kathir for the info..that’s huge..
[14:57]   RK : Tej people started talking abt sub 3000 lvls 🙂
[14:57]   Kathir : 🙂 so we buy 3000 pe RK as lottery
[14:57]   Tejpreet : Yes RK but pharmas always recover and cover gaps albeit slowly.
[14:59]   Kathir : zero volumes in 3000 pe ..trades there only at 3200 pe
[15:01]   Porus : There goes TTM
[15:04]   Kathir : TTM script name ?
[15:04]   Porus : Tata Mot
[15:05]   Kathir : oh previously There was one TTML
[15:17]   Shai : Kathir no buying yet
[15:18]   Kathir : ok shai thanks
[15:21]   Shai : sbin day hgh close
[15:22]   Uttam : yep carrying the longs with hedge Shai 🙂
[15:23]   Shai : was refering to the trend day principle actually
[15:24]   Tejpreet : WTF moment BOB top gainer on nifty up 5.5 %
[15:24]   Kathir : oh forget to track lupin today 50 rs up from lows