OrderFlow charts and Notes 08/01/16

[08:53]   r m : Good Morning folks!
[08:54]   Porus : GM RM and all
[08:54]   r m : Hi Porus
[08:54]   r m : http://vtrender.com/evening-report-trade-dated-07th-jan/
[08:54]   r m : http://vtrender.com/orderflow-charts-and-notes-070116/
[08:55]   r m : NF Hypo1 above 7611➜7648➜7750 SL 7570 | NF Hypo2 below 7540➜7503➜7482 SL 7582
[08:55]   r m : BNF Hypo1 above 16159➜16241➜16457 SL 16050 | BNF Hypo2 below 16000➜15918➜15830 SL 16105
[08:55]   Shai : GM all
[08:57]   Jitender : Gm Shai, Rm, Folks:-)
[08:58]   r m : Hi Jitender 🙂
[09:00]   Tejpreet : GM All.
[09:01]   Tejpreet : Above 7648 is a 100 ponter as per hypo 1 !
[09:03]   r m : just imagine the platoons of sellers stationed there 🙂
[09:04]   Ashish : GM all
[09:04]   Tejpreet : RM sellers with Chinese ammo 🙂
[09:04]   r m : lol
[09:05]   Viju : gm all
[09:05]   r m : declining volume was 96% yesterday, usually that give atleast 50 points relief on nifty spot next day
[09:09]   Kris : Good Morning friends!
[09:09]   Jitender : GM Kris 🙂
[09:09]   Suresh : Good Morning Everyone
[09:09]   Kris : Looks like the CE carried is not such a foolish trade! 🙂
[09:09]   r m : Hi Kris 🙂
[09:09]   Kris : GM Jitender, RM
[09:09]   Shai : usdinr closed at 67.10 – 5 pm yesterday right?
[09:09]   r m : yes
[09:09]   Jitender : yup
[09:09]   Ashish : YEs Shai
[09:09]   r m : today Rajan woke up early, maybe AJ did not let him sleep 😀
[09:10]   Shai : sent down
[09:10]   Shai : weak below 66.99 today
[09:10]   Ashish : yesterday morning he also sold dollars
[09:10]   Jitender : Shai…support levels for usdinr, pls
[09:11]   Ashish : @ 66.93 spot
[09:11]   Arvind : GM friends
[09:11]   Jitender : tx ashish
[09:11]   Vikkas : Gdrmg all
[09:12]   Vikkas : Hi RM & Shai
[09:12]   Shai : 66.83 supp, if that breaks we see 66.61
[09:12]   Jitender : cool…tx
[09:12]   Shai : a rise abv 66.99 today will clear the seller at 67.10 and hit 67.21
[09:12]   Jitender : tx
[09:13]   Shai : vix hit 19.25 y’day – watch for acceptance abv 19.50 as that can signal 21.86 and 23.16 esle down to 17.50
[09:14]   Shai : V shaped patterns in US mkt and usdinr …let’s see hw NF behaves today, also a friday
[09:14]   Ashish : Welcome Jitender
[09:16]   Venkatesan : gm shai, rm and to all
[09:17]   Kris : What have been acquired at closing at 38 yesterday – booked most at 48.
[09:17]   Uttam : Good Morning Everyone 🙂
[09:17]   Kris : rest trailing at 44.
[09:17]   r m : Hi Venkatesan
[09:17]   r m : Thanks Kris
[09:18]   Kris : Managed to snatch popcorn infront of a bulldozer! 🙂
[09:19]   Suresh : 🙂
[09:19]   r m : Khatron ka Khiladi 🙂
[09:20]   Kathir : GM all friends :
[09:20]   Uttam : red delta Shai & finding res @ VAH?
[09:20]   Uttam : good vols again in the opening bar, similar to yesterday’s though a bit less?
[09:20]   Shai : yes 7640/48 a early morning res
[09:20]   Janak : shai bn can be sold positional with an sl of 350?
[09:21]   Shai : 7610 a supp
[09:21]   Shai : Janak can – but do a small qty only- 350 is a good sl
[09:21]   Janak : ok
[09:22]   Janak : mkt will go for a gap fill
[09:25]   Kris : https://vtrender.slack.com/files/kris123/F0J084N1Z/trade.png
[09:28]   Venkatesan : gr8 kris ji
[09:32]   Kathir : @kris log on your PM chat.need a clarification reg chess
[09:32]   Bhagya : above 7637, big short covering on nifty futures
[09:34]   Venkatesan : hi bhagya after long gap , gm
[09:34]   r m : @Kathir, man, you got 2-in-1 option plus chess teacher 🙂
[09:35]   Kathir : lol yes sir
[09:35]   Kathir : @RM kris master in both..me just learner
[09:35]   Venkatesan : rm yesterday you and kris talking about cycle , and i am surpreised a cyclist trade 20 lot at a time with convition
[09:36]   r m : @Venkatesan, these days cyclists are the cream of the society (me not included) 🙂
[09:36]   Venkatesan : :)))))
[09:37]   r m : 20 lots mean Kris did not have too much conviction 😀
[09:38]   Venkatesan : hahahhaha
[09:39]   r m : I meet cyclists on my morning walk with machines costing over 50-60K!
[09:40]   Kris : back
[09:40]   Kris : @Kathir – what is this PM chat?
[09:40]   Kathir : yeah here one shop Decathlon – I saw one cyle costs around 2 lakhs ..
[09:40]   Kathir : @kris personal message room like what RM has
[09:41]   r m : @Kathir, Kris has not logged in as moderator today, he does not want me to ping him too much 🙂
[09:42]   Kathir : oh ok then I will catch him in slack
[09:42]   r m : yeah, don’t let him slip 🙂
[09:42]   Kris : @Kathir – yes – slack is better!
[09:43]   Kathir : done kris
[09:47]   Shai : sellers have come on the rise- that 7640/48 zone is key to the day
[09:47]   Shai : short covering is forced if we scale abv
[09:48]   Shai : looking like a 7640- 7585 range again like yesterday
[09:49]   Vikkas : shai stock tab pls ?
[09:53]   RK : GM Shai,RM and all
[09:53]   Kathir : Hi RK
[09:54]   RK : Hi RM
[09:54]   RK : *Kathir 🙂
[09:54]   r m : Hi RK 🙂
[09:55]   RK : Charts there?
[09:55]   Sandeep : yes
[09:58]   RK : thanks Sandeep..relogged and its there now
[10:09]   Kris : I repeat – exit is more important than entry in my view!
[10:09]   Kris : (09:17) Kris :What have been acquired at closing at 38 yesterday – booked most at 48.
[10:10]   Kris : to survive in this land of wolves! 🙂
[10:14]   Venkatesan : :))))
[10:14]   Venkatesan : shai nf poor low sterday?
[10:26]   Shai : no not a poor low
[10:26]   Venkatesan : thank you shai
[10:26]   RK : BNF has poor low..Shai right?
[10:28]   Shai : yes bnf has
[10:29]   Vikkas : even NF has a poor low naa ?
[10:30]   RK : thanks
[10:30]   Shai : Recommend booking out BNF positional fully 16170- 16180. start next week with a new trade in BNF
[10:30]   Uttam : we have a selling tail in both NF & BNF today although both within yesterday’s range?
[10:30]   Uttam : NF positional to be carried on right Shai?
[10:31]   Shai : NF carrying
[10:31]   Uttam : okies 🙂
[10:32]   Shai : If we get a rise anytime BNF will climb harder , bsides from 12 noon yesterday it refused to fall along with NF
[10:41]   Shai : 65 point upmove today in NF from lows againat a 55 we saw this week on tuesday
[10:42]   Shai : 206 in BNF against a 194 on wed
[10:42]   Rahul P : how is the vol innf so far
[10:42]   Rahul P : any signs of otfs ??
[10:42]   RK : Shai but today’s vol is good and daily greens not encouraging with such vol instead Red are good
[10:43]   RK : less than 90 mins we are above 35 mn vol
[10:45]   Shai : vol is higher in NF
[10:45]   Shai : yes first 90 mins avg is about 22L now past 27
[10:45]   Shai : BNF is avg
[10:45]   RK : yes
[10:57]   Vikkas : test ?
[10:59]   Vikkas : can u guys see my msg ?
[10:59]   Vikkas : someone care to reply
[10:59]   Jitender : yup
[11:00]   Tejpreet : yes
[11:00]   Vikkas : thanx
[11:00]   Jitender : wc
[11:04]   Shai : sorry Vikkas , did not get encrypted 🙂
[11:05]   Uttam : lol
[11:05]   Kathir : 🙂
[11:18]   Shai : auction is quiet here around vwap
[11:22]   Vikkas : no worries shai chill 🙂
[11:24]   Shai : yup weekend calling .. bears have to take a call on whether to stay or book
[11:25]   Rahul P : what is the scope for further fall?
[11:26]   Rahul P : simce we have not accepted in lower bal, and got rejected from upper balance in morning
[11:29]   Rahul P : rm/ shai …..anyone can reply plz?
[11:31]   r m : @Rahul, maybe more seesaw action here!
[11:32]   r m : FII’s enered big Index CE spreads yesterday though their postioning in Index Futures and Index PE was bearish
[11:32]   r m : *entered
[11:32]   Rahul P : ok
[11:33]   Shai : Rahul we are beginning to form a balance here roughly in a 70 point range but the overhead sellers still dominant
[11:33]   Shai : 7640- 7570F
[11:34]   Rahul P : thnks
[11:34]   Rahul P : confirms my bias
[11:39]   Sandeep : shai, you were talking of evaluating buying feb otm puts? so we will wait till this balance is done and based on move after?
[11:42]   Sushovan : Shai any long to carry on weekend ?
[11:42]   Uttam : so Shai the positional short will be reviewed EOD? even if we get past 7640-48 max we could go upto 7730/50?
[11:46]   Shai : Feb puts put off to next week – vix went high and hit res
[11:47]   Shai : No longs Sushovan
[11:47]   Shai : yes Uttam
[11:48]   Uttam : but will we try the contra intra trade above 7640 or will it depend on volumes?
[11:49]   Sandeep : thanks shai
[11:49]   Shai : looking at 7700 ce for that 1 abv 7648
[11:49]   Shai : if we drop lowe rby close we continue the short with a call as hedge
[11:50]   Uttam : great Shai, thanks
[11:50]   Sushovan : ok shai. wait till ur signal 🙂
[11:50]   Shai : watching 85 on 7700 ce and 70 below
[11:51]   Shai : looks RB now even that 7700 ce but you never know as it is a friday
[11:52]   Shai : can put 85 as an alert in the systems – thinking of longs abv 85 for 108 in 7700 ce
[11:52]   Uttam : we have a tail @ top & balancing now so may be in second half we have a spike down then balance again so could be a DD 😉
[11:52]   Shai : yes fairly aggressive sellers at highs
[12:15]   Kris : Such days are a delight to trade. We do not have momentum to cross 7640 – and – they have no intention to go below 7590 – so buy around IB low – and exit for 20 points !
[12:18]   r m : @Kris +1
[12:18]   Rahul P : but need an iron clad sl for this trade, for just in case … 🙂
[12:19]   r m : 🙂
[12:19]   Kris : @Rahul – I entered this round at 7595 – SL at 7585.
[12:19]   Kris : will move it to 7605 once we cross 7608!
[12:20]   Kris : it is keyed in to system – and is expected to be hit at some point 🙂
[12:20]   Rahul P : cheers Kris… my only fear is if 7590 goes, its a tail of zeros we run into
[12:21]   Kris : 10 points is the risk na? once defined – no need to lose sleep! 🙂
[12:22]   Shanmugasubramanian : 7700CE touched 70 & bounced back to 75
[12:22]   Rahul P : hahaah, have been at the receiving end for more than once….when SL was triggered, but not executed
[12:22]   r m : which trading terminal you use Rahul?
[12:22]   Kris : Oh OK – looks like I am lucky person then!
[12:23]   r m : never once happened since I began using NOW or NEST, and I always keep stops as SL-M
[12:23]   RK : Rahul if you keep higher spread for SL on volatile days, surely it will take care
[12:23]   RK : what’s the spread you use for SL of NF?
[12:24]   RK : RM but SL-M what’s the slippage you had got in NF?
[12:24]   Kris : @Rahul – I keep SL-M – can not remember any occasion when it costed more than a point.
[12:24]   RK : on slow grind days I use 1 point and volatile days 2-2.5 for NF and always triggered..never slipped
[12:24]   Rahul P : for normal days, I get a slippage of around 1-2 pts….on such days , its worse
[12:24]   Venkatesan : rm sl sl-m difference pl
[12:25]   r m : @RK, NF not much slippage usually 1-2 points unless there is a waterfal or gyeser when one is lucky to get out at any cost 🙂
[12:25]   r m : slippage is higher on SL-M in BNF
[12:25]   RK : Venkat SL – will trigger between the price you place as trigger and SL..SL-M is one price and it will trigger at any bid next SL-M price available
[12:26]   RK : ok concerned about waterfall days only..what’s max in SL-M slippage on such days?
[12:26]   Venkatesan : thank you rm
[12:26]   Venkatesan : rk
[12:26]   RK : Venkat and Rahul, but with SL-M orders you be assured that your orders will anyhow triggered..so more peace 🙂
[12:27]   r m : it may be very high RK, though I have never lost more than 7-8 points in NF
[12:27]   Venkatesan : thank you rk
[12:27]   r m : in stock options it is terrible! 🙂
[12:27]   RK : that should be ok considering the peanut order vols we make 🙂
[12:27]   r m : yeah!
[12:28]   r m : nifty options are the best for any kind of market orders!
[12:28]   r m : spread is .05 to .25 so no fears there
[12:28]   Kris : Rahul has scared me!
[12:28]   Rahul P : lol
[12:28]   Kris : Moved SL to 7605 now – 10 points assured.
[12:28]   RK : Kris SL-M no need to scare and your SL mostly gets triggered..so you are safe 🙂
[12:28]   r m : good trading Kris!
[12:29]   RK : *mostly dont gets triggered
[12:30]   Kris : I enjoy these sort of days – some how – my best returns come in these!
[12:30]   r m : @RK, this guy is joking, have seen him trading crude and you know easily scared guys keep miles off crude contracts 😀
[12:30]   RK : I know 🙂
[12:31]   r m : I was even afraid to look at the crude chart!
[12:31]   Bhagya : seeing now some signs of short covering. Bought nifty now at 7605 with tight stoploss of 7597
[12:31]   Kathir : +1 RM
[12:31]   r m : Thanks Bhagya
[12:31]   Kris : Shai tried teaching trend days a lot – but dumb me could not make much progress.
[12:33]   Rahul P : kris, seems your peanut trade is turning out to be a super one
[12:33]   Kris : Thanks RK – got used to SL-M – I feel if it is worth getting out – getting out at that moment even for an additional 5-8 points!
[12:33]   r m : peanut to pumpkin is the name of trade Rahul 🙂
[12:33]   Kris : @Rahul – entry and risk is what we define – peanuts first – and Shai’s wish if wants to grant pumpkins 🙂
[12:35]   Kris : I mean generally Shai and his mauritius friends define the path of Nifty daily! 🙂
[12:35]   RK : spike at vwap
[12:36]   RK : with greens in 5 min
[12:36]   Rahul P : looks like the sellers have some job to do now ,….singles test 🙂
[12:36]   RK : no test here..it may move up
[12:37]   Kris : moved it to 7614 – so 19 points assured.
[12:37]   Kris : let it get hit – not much to worry!
[12:37]   Ashish : waiting for VAH
[12:39]   Uttam : we will have an FA today if IBH is crossed?
[12:39]   Janak : what is the FA point Uttam?
[12:39]   Sandip : arent we a little overbought right now?
[12:39]   Kris : https://vtrender.slack.com/files/kris123/F0J0GMM0R/nfvolume.png
[12:39]   Kris : Pasted this in slack again – as I am unsure how to share files here.
[12:41]   Janak : shai can bn go down from here 190-200 zone to 16k and below for a weekend bearish close?
[12:41]   Janak : or a eu spike is due up?
[12:41]   r m : easiest doing it in slack, we get notification immeditately on slack app
[12:42]   RK : dpoc up,greens at vwap,price should not stay..
[12:43]   Vikkas : see the seller 29250
[12:43]   Kris : @RK – importantly – 7640-50 every one is looking at it.
[12:43]   Vikkas : UT + test @rk
[12:43]   Kris : either to short or to try longs.
[12:43]   Kris : so exiting much earlier is safer for some one like my time frame trader.
[12:44]   RK : Yes Kris..many wants to short around 7630-40..either it should not touch it or surpass it
[12:45]   Uttam : 7593 is the FA if 7638 is crossed @Janak?
[12:46]   RK : think so Uttam
[12:47]   Venkatesan : 7593.1 uttam
[12:47]   r m : precision is our hallmark 🙂
[12:47]   Janak : kris shored bnf at 190 – sl of 290 shd be ok?
[12:47]   Venkatesan : :))))
[12:47]   Uttam : :0
[12:47]   Uttam : 🙂
[12:47]   Shai : Janak avoaid the BNF short
[12:47]   Janak : oh ok shai
[12:47]   Janak : thnx
[12:47]   Janak : will get out with a penny in hand
[12:47]   Shai : 16033 spot was a positional supp and holding well since yesterday
[12:47]   Uttam : yes Shai did mention incase of short covering BNF will bounce faster & more
[12:48]   Uttam : Shai the 7700 ce is a buy abv 85?
[12:48]   Shai : some greens showing up
[12:48]   Shai : yes 7700 ce buy
[12:49]   Bhagya : the moment I buy, magic starts
[12:49]   Uttam : buy now or above 85?
[12:49]   RK : another spike+band+vah = what a combination 🙂
[12:49]   Shai : abv 85
[12:50]   Bhagya : order flow also shows buyers and short covering happening. Above 7637 more speed
[12:50]   Bhagya : 7678 target
[12:50]   Shai : yes but needs higher volumes
[12:51]   Janak : bhagya dont forget it is the friday
[12:51]   Uttam : thanks Shai
[12:51]   Janak : and positional sellers will milk this mkt till 3 pm
[12:51]   Jitender : yes B…ur magic is magical:)
[12:52]   r m : @Janak, also depends upon who gets fried at Europe open 🙂
[12:52]   Uttam : 41k buyer @ top for now
[12:52]   Janak : daily at eu open – mkt has fallen sharply in this week
[12:53]   Bhagya : just wait and watch. 3.30 we will know
[12:58]   Janak : bhagya give me my 16100 first then the mkt is urs 🙂
[12:59]   Bhagya : nifty fut has to break 7637 first and then no chance for bears to pull it back. Till then bulls are not safe. Now stop trialled to cost on nifty long
[13:01]   Janak : shorted NF at 7630 – part booked at7618
[13:01]   Janak : i am against mighty kris/bhagya – so rm would agree
[13:01]   Janak : bhagte chor ki……
[13:03]   Venkatesan : ncie janak
[13:03]   Shai : keep a BNF buy abv 16225 sl of 16175 tgt 16268/ 16355
[13:03]   Janak : no sell shai?
[13:03]   Janak : that is unfair man
[13:04]   Janak : i protest 🙂
[13:06]   r m : Dharna or just protest? 🙂
[13:06]   Shai : big greens at vwap Janak- u sell below vwap- we don’t mind
[13:06]   Kathir : 🙂 janak give some life to bulls man..if you kill them fully then who will you play with 🙂
[13:06]   Janak : but i want shai-the-bear to remain out of closet – shai the bull can wait till next week
[13:06]   RK : Janak buy this call and do SAR below SL..simple :)..it will work
[13:07]   Janak : rm dharna with dominos ;
[13:07]   Janak : shai+kris+bhagya – no power on earth can take this mkt down RK :-9
[13:07]   Vikkas : dominos has become bad now janak atleast in mumbai due to change in some sauce 🙁
[13:08]   r m : Aha! the Weekly view again 🙂
[13:08]   Ashish : LOL
[13:08]   Janak : yeah rm – that weekly players need to act fast
[13:09]   r m : @Janak, chalo bhaiyya, apun ko to chalti bus mein chadhne ki aadat hai 😀
[13:10]   Janak : he he – apun ko reverse driving ki…..
[13:10]   r m : lol
[13:10]   Janak : i would be happy with even 144 in bnf
[13:10]   Jitender : Remember guys…exit is more than entry:)
[13:11]   Jitender : imp
[13:11]   Uttam : BNF in longs
[13:13]   Janak : yes uttam shai’s long has been triggered above 225
[13:16]   Ashish : BN buy triggered
[13:16]   Shai : BNF in
[13:17]   Shai : 7638 seller
[13:17]   Shai : both NF and BNF need volumes
[13:18]   Bhagya : covered 50% nifty fut longs now at 7635 and holding rest with stoploss trialled to cost of 7605 for target of 7678
[13:19]   Sandip : screen?
[13:21]   Uttam : big seller in NF 51k & 19k
[13:22]   Shai : Good 1 Bhagya
[13:25]   Shai : NF reds at highs could be vwap greens cashing part
[13:25]   Kathir : europe up 1.5 %?
[13:27]   Uttam : 1261: 265
[13:27]   Sandip : @rm europe up? china up? 7650 cross?
[13:27]   Uttam : advance:decline ratio also healthy
[13:35]   Sandeep : EU flat open….nifty didnt like i guess
[13:36]   Shai : exit the BNF long trade- 16190 – 16195 now
[13:37]   Shai : didn’t fire up abv 16225
[13:37]   Janak : sorry shai i respected u guys teaming up against me and allowed nf to go to 7637 but enough is enough ;-
[13:37]   Shai : haha
[13:37]   Janak : ab meri baari
[13:38]   r m : lol
[13:38]   Tejpreet : we must have a janak red green line on charts 😉
[13:39]   Venkatesan : :))))))tej
[13:39]   Janak : lol
[13:39]   Janak : but 7605 shd hold and before that i will run away from the scene
[13:40]   Janak : if that breaks – 7490
[13:42]   Varun : Shai cn u merge yesterday n today and provide a sshotIn nf
[13:43]   Shai : sure
[13:44]   RK : Varun FA@micro at top?
[13:44]   Varun : yes
[13:45]   Janak : uttam mentioned FA – at which point?
[13:45]   Janak : that will be surely visited
[13:45]   Jitender : 7593
[13:45]   Venkatesan : 0.1
[13:45]   Janak : thnx jitender
[13:45]   Varun : Rk trgt 1 vwap done
[13:45]   Jitender : wc
[13:45]   r m : http://screencast.com/t/vUFq6vS8Ktpc
[13:46]   RK : if PDL goes then 7540 Varun
[13:48]   Janak : 7593 visit is just 30 pts down in a bearish mkt
[13:48]   Shai : https://vtrender.slack.com/files/shai/F0J0KSV55/npoc_v.png
[13:48]   Shai : 2 day merged
[13:49]   Janak : bulls will have to do soething special here for FA – no-visit to happen
[13:49]   Varun : thanks
[13:50]   Shai : Both are normal days – so far extremes not holding
[13:51]   Shai : but normal day on friday remaining normal has lesser chances 🙂
[13:51]   Shai : weekend mode can begin from 2.30
[13:51]   Janak : ha ha – and in a bearish weak – friday ending on a bullish note has lessererere chances;;
[13:53]   Janak : shai can sell 16300ce positional?
[13:53]   Kris : back!
[13:53]   Kris : but you have been warned – this is normal day – and you just fade the extremes! 🙂
[13:55]   Janak : kris give some pe trades man – u r a pe main
[13:55]   Janak : man
[13:56]   Janak : in ur absence i have to hold the bear-fort 🙂
[13:56]   Rahul P : so Kris, u shorted at top ??
[13:59]   Shai : now greens
[14:00]   r m : 7700CE at alert price
[14:01]   Ashish : big bunvh of reds here
[14:01]   Ashish : bunch*
[14:01]   Shai : don’t take 7700 ce
[14:01]   Uttam : oh already taken bug seller in nf
[14:02]   Sandip : bug seller?
[14:02]   Sandip : wats that?
[14:02]   Kris : No Rahul – I did not take earlier – I was away from system.
[14:02]   Kris : This time have taken the sell at 7642.
[14:02]   Vikkas : big seller he meant
[14:03]   Sandip : lol i didnt short thinking it was a bug!!!!
[14:03]   Sandip : 🙂
[14:03]   Jitender : tat 118725 seller is kris:-)
[14:03]   Kris : @Jitender – I am a peanut trader!
[14:03]   r m : lol
[14:03]   Kris : @Janak – moving market at will is your cup of tea – I can not manage that!
[14:03]   Jitender : i know…yr paenuts…our house:-0
[14:04]   Jitender : 🙂
[14:04]   Uttam : he he sorry i meant big 😉
[14:04]   Kris : Hope Shai says good trade for this!
[14:05]   Kris : day high+3 is SL – so risk is just 5 points.
[14:05]   Kris : what Shai and friends want to give is their choice!
[14:08]   Kris : Ok – moved it to 7632 now – 10 points locked – safe trade!
[14:09]   Uttam : super Kris made great trades @ both bottom & top today :0
[14:09]   Uttam : 🙂
[14:11]   Janak : great kris
[14:12]   Janak : 7593 FA point is an obvious tgt
[14:16]   Kris : @Janak – I am done and dusted – dont know where it goes.
[14:16]   Kris : 10 points are good enough for peanut traders!
[14:17]   Shai : nic e 1 Kris
[14:18]   Shai : 7760 F into next week is the positional stop trailed for the NF shorts- cmp 7638
[14:18]   Uttam : okies Shai 🙂
[14:19]   Janak : ok kris
[14:25]   Kris : Friday – last one hour – did not want to try – regular days – I would have shorted 7642 again!
[14:30]   Kris : and here are the targeted 10 points!
[14:30]   Kris : 🙂
[14:33]   Uttam : sellers coming in?
[14:33]   Uttam : 49800?
[14:33]   Kathir : oh kris
[14:34]   Uttam : on 30 min we have 2 buyers @ top 35k & 17k?
[14:34]   Janak : kris managed one at 7840-19
[14:35]   Janak : would wait for last few for 7593
[14:35]   Janak : 7640-19
[14:38]   Kris : one friendly suggestion to all friends here – never try to imitate Janak’s trades – he is so quick and lightning fast.
[14:39]   Janak : kris sir – also managed 228-178 in bn
[14:39]   Janak : ha ha kris – everyone knows u r one of my gurus here man
[14:39]   Janak : ur suggestions will be taken with a pinch of wine (and salt too;)
[14:40]   Janak : me and rm will go for that wine thing
[14:42]   r m : aha, some aroma woke me up! 🙂
[14:42]   Janak : lol
[14:43]   Uttam : lol weekend effect coming into the room 😉
[14:44]   Janak : bn did 7 rounds from 230-50 to 180 today
[14:44]   Janak : back-and-forth / yo-yo
[14:45]   Uttam : so if it breaks below 16160 BNF we could say bye bye
[14:47]   Kris : we did a 40 point rally – but 7800CE losing 5% value from yesterday close – VIX fell by 6.&%
[14:55]   Jitender : Shai…pls also do the weekly review of usdinr in the blog
[14:56]   Shai : sure
[14:56]   Jitender : tx
[14:57]   RK : I believe only trailer is done this week and main picture may be next week 🙂
[14:57]   Shai : usdinr cannot project more than a week as I have data limitations– not getting spot data from esignal
[14:57]   Shai : @RM have a code from tuedata for usdint spot?
[14:57]   Shai : truedata*
[14:57]   RK : if we have any sharp rise in last mins then this would get confirmed
[14:58]   Shai : vwap is a fair price close considering that OTF is not here fri afternoon
[14:58]   Shai : 2.30 onwards vol bars are under the blue line
[14:58]   RK : rise and fall to VWAP which normally happens
[14:58]   Janak : no shai 7593 first
[14:59]   Shai : ok
[14:59]   Ashish : Janak what’s this
[15:00]   Janak : ashish thnx to FA
[15:00]   Ashish : 🙂
[15:00]   Janak : call-of-the-day by jitender
[15:00]   Janak : 7593 need to come
[15:01]   Shai : poor lows also – would be nice if it goes below
[15:02]   Shai : those 3 red rows could be all stops below vwap
[15:03]   Kris : feels so nice – when NF does nothing for the day – does a normal day – and your account has a tangible difference!
[15:03]   Uttam : BNF threatening to break IBL in the last 30 mins 😉
[15:03]   Janak : (13:10) Janak :i would be happy with even 144 in bnf
[15:03]   Janak : done
[15:04]   Ashish : Good one Janak..
[15:04]   Porus : If 7593 breaks, where do we go?
[15:05]   Uttam : spike close in both NF & BNF?
[15:07]   Rahul P : shai, for a neutral day like today, does a FA on both sides carry any significance?
[15:08]   Kris : https://vtrender.slack.com/files/kris123/F0J0TPUJ2/nfvolume.png
[15:08]   Kris : Look at the chart and see how IB range is milked by smart DTF!
[15:11]   Kris : OK friends – have a great weekend – nothing in it now.
[15:13]   Kris : possibly a PE would be useful – but I believe writers will take the weekend.
[15:13]   Kris : so – going home only with peace 🙂
[15:13]   Kathir : thanks and bye all ..happy weekend all
[15:14]   Uttam : happy weekend Kris & Kathir
[15:14]   Uttam : thanks for your invaluable inputs
[15:15]   Uttam : big seller in NF
[15:15]   Uttam : 73k
[15:16]   Ashish : Bye bye Kris
[15:16]   Ashish : Happy weekend Kathir 🙂
[15:22]   Kris : just one observation – 7400PE is returning from 44 – not a good sign for bulls.
[15:22]   r m : Have a great weekend Kris 🙂
[15:23]   Kris : it reached 53 so far. may have legs to reach 75! 🙂
[15:23]   Varun : shai has bell been established
[15:23]   Varun : in composite thrusday-friday
[15:24]   Shai : yes if you look at 7648 as highs
[15:24]   Varun : can u screenshot it
[15:24]   Shai : there is a 7648- 78 kind of tail
[15:24]   Varun : perfect
[15:24]   Varun : very bad connection i had
[15:24]   Varun : but was a lovely shot at 36/37 today
[15:25]   Varun : with spike thr
[15:25]   Varun : this doesnt have a tail at bottom
[15:25]   Varun : one nice scenario could be rejection outside range low of yesterday
[15:25]   Varun : full one point game
[15:26]   Varun : tht would balnce it even better
[15:26]   Shai : https://vtrender.slack.com/files/shai/F0J0P67QC/nf_compo1.png
[15:27]   Shai : if you consider 7650 and above as part of the excess from 7730 we have a good looking bell 7650-7570
[15:28]   Varun : thanks shai
[15:28]   Varun : 🙂
[15:28]   Varun : one more visit to 7640 should be it else also its sine
[15:28]   Shai : should break and gie 80 points min 1 way if it does not come back
[15:29]   Shai : NF hustling for vwap close
[15:29]   Shai : but may not make it
[15:30]   Shai : not
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice weekend all
[15:30]   r m : Thanks and bye folks, have a great weekend 🙂
[15:30]   Jitender : bye all
[15:30]   Porus : bye all
[15:30]   Shai : catch up mon
[15:30]   Arvind : bye friends
[15:30]   Shanmugasubramanian : bye all
[15:30]   Ashish : bye all, happy weekend
[15:30]   Venkatesan : THANK YOU all
[15:30]   Suresh : bye all
[15:30]   Tejpreet : Bye All
[15:30]   Uttam : have a nice weekend all 🙂
[15:30]   Uttam : thanks
[15:30]   Vikkas : bye all
[15:31]   Vikkas : happy weekend
[15:33]   Sandip : happy weekend guys bye

[09:21]   Tejpreet : Shai ID views on Axis .
[09:22]   Uttam : Asian Paint could be sold here Shai?
[09:24]   Shai : axis 403-401 a good supp, but intra day strength abv 415 only for 421
[09:25]   Shai : asian sell below 878 with sl of 883- has to go below 874 for more weakness
[09:25]   Uttam : thanks Shai
[09:26]   Tejpreet : Thanks.
[09:28]   Arvind : Shai all rates are future or spot
[09:28]   Vikkas : spot
[09:28]   Arvind : thnks
[09:28]   Kathir : @arvind all stocks discussced here is spot only..unless specified
[09:30]   Arvind : thnks kathir
[09:30]   Kathir : welcome bhayya
[09:45]   Vikkas : shai view on TCS ?
[09:50]   Shai : tcs 2395 res for this drive up if sustains abv will give 2414/ 2435
[09:50]   Shai : 2380 roughly a supp now
[09:50]   Vikkas : thanx
[09:52]   RK : HCL chances for further down with today’s open?.singles done but old support around 810 here!
[09:52]   RK : @Shai
[10:06]   Shai : hcl tech 819 intra break can give tat 812, but looks weak positionally below 833-38 for sure
[10:07]   Gaurav : Shai CESC can be sold for 475?
[10:08]   RK : closing ACC and HERO here..nice move after long time
[10:08]   RK : thanks Shai on HCL
[10:09]   Shai : cesc can be sold – 500.5 sl and tgts 486/ 480
[10:09]   Gaurav : Thanks Shai
[10:14]   RK : Maruti what’s next Shai below 4205?
[10:14]   Ashish : Shai, maruti does 4205, what’s next
[10:14]   Ashish : same same RK
[10:15]   RK : 400 in 4 days 🙂
[10:16]   Kathir : wow super RK asish
[10:17]   Kathir : @RK just a month back you guys were super bullish on maruti right?
[10:19]   RK : Yep..but we are traders and not investors..right? 🙂
[10:19]   Tejpreet : RK 400 pointer is phenomenal !
[10:19]   RK : we catch tail and travel with it in all turns and rides
[10:20]   RK : Tej 🙂 but Dec in tested patience severely. between 4590-4660
[10:20]   RK : *it
[10:22]   Tejpreet : RK patience is the key …sabar ka phal meetha.
[10:22]   Vikkas : niw gimme a bounce in it Rk so we all can reshort it again 😉
[10:22]   Tejpreet : Rm could you translate 🙂
[10:23]   r m : lol
[10:24]   RK : yeah need translation 🙂
[10:24]   RK : Vikkas wait na..lets see if this low holds 🙂
[10:24]   Vikkas : 🙂
[10:26]   Arvind : rm sksmicro not corrected as yet
[10:26]   Arvind : my home work done
[10:27]   r m : @Tejpreet, my translation 🙂 https://files.slack.com/files-pri/T0F2YRXQT-F0J09B65B/maruti.jpg
[10:27]   Tejpreet : Haha RM perfect !
[10:28]   Shai : Maruti 4124 but below that 3835
[10:28]   RK : RM 🙂
[10:28]   Ashish : Thaks Shai
[10:29]   RK : LIC firing all cylinders since expiry week..yday fall was also marginal and again showing power
[10:29]   RK : RM i told you na..something is there with LICHSG on bigger crash..people buy them with some reason 🙂
[10:30]   r m : yes RK 🙂
[10:32]   Uttam : Asian Paint rotating around today’s vwap Shai? does have a small tail at top but not yet broken 874 though been below 878 since long now
[10:33]   Shai : ok RK- good point on lic
[10:35]   Shai : asian looks like a RB play today as long a sbelow 878- we have to get below that spike at 874 for a conf of weakness
[10:36]   Shai : yes 2 excesses in last 2 profiles and another showing up intra
[10:36]   Uttam : RB – rotaional balance?
[10:36]   RK : range bound a.k.a rotational balance 🙂
[10:37]   RK : Asian and BPCL has become master of singles
[10:37]   Uttam : thanks RK
[10:38]   Uttam : Asian Paint fut breaking IBL but cash still holding 874.15
[10:39]   Uttam : just as we speak it breaks 874 😉
[10:40]   r m : @RK, you mean they learnt the batting from Gavaskar? 🙂
[10:41]   Uttam : lol rm
[10:41]   RK : lol
[10:42]   Uttam : tgts for Asian will be 863 Shai? or yesterday’s close?
[10:43]   RK : 863 major support he said yday
[10:45]   Uttam : yep had made a note of it 🙂
[10:48]   Vikkas : shai ur view on M&M pls ?
[10:55]   Vikkas : RM has shai spoken abt m&m earlier ..anything on the stocksheet for the same ?
[10:55]   Vikkas : can u pls paste here
[11:00]   r m : @Vikkas, not since 5th
[11:01]   r m : lots of water has flown since then 🙂
[11:01]   Vikkas : thanx Rm
[11:03]   Shai : MM watch 1206 for res
[11:03]   Shai : break of 1177 again a sign of weakness
[11:03]   Shai : Most stocks are just about there but the auction is not decisive this morning
[11:04]   Shai : is more of a waiting game and let the market confirm
[11:04]   RK : Yes..looks like lows of many stocks are done for the day..caution required for fresh shorts
[11:04]   Ashish : Shai, do you see LT drop futher from here?
[11:05]   Shai : LT 1180 obj of the move – almost there
[11:06]   Shai : asian cleared that spike quickly- spike rules are like the 80% — nothing grey about them
[11:06]   Uttam : yes Shai so 863 is the target for today?
[11:07]   Vikkas : thanx shai
[11:10]   Shai : 863.4 and 855.8 tgt2
[11:11]   RK : this is season of target 2..Asian just started moving down from that upper range of 880+..so…
[11:11]   Uttam : yes RK looked to be positional short the day before but for today booked out from 880 to 871, will short again on bounce or break of 863 cash
[11:12]   Uttam : thanks Shai
[11:13]   RK : but 854-865 it had a huge grinding..many buyers must be sitting there now biting nails
[11:17]   Uttam : oh ok but 863 is very important support Shai was mentioning yesterday so thought of booking out as is oversold so could give a bounce before falling again
[11:19]   Uttam : Asian also made a small buying tail @ lows so may bounce to vwap or IBL now?
[12:57]   Kathir : @RK ashish asian u turn?
[13:03]   Uttam : could re-enter shorts here with SL 881 (f)
[13:05]   Uttam : but prob with Asian shorts is pretty oversold on hourly charts so need a bounce
[13:07]   RK : Kathir 888 SL maintaining for shorts..lets see
[13:08]   Kathir : ok RK thanks
[13:08]   Ashish : OK, I will enter it now RK 🙂
[13:11]   RK : TCS seems going to give us some very big move on downside..Shai pls track OF and if you get any idea for short pls share..we will jump
[13:11]   RK : yday calmness and today’s sluggish upmove not convincing..
[13:12]   Vikkas : +1 rk
[13:12]   Vikkas : got out with 10 points
[13:12]   Vikkas : result on 12th
[13:13]   Gaurav : Adani Ports can be shorted Shai for 230-33?
[13:13]   RK : last 2 season had a great time with TCS results season..lets see how it works this time..
[13:14]   Ashish : RK, is this view based on result?
[13:14]   Vikkas : let us also know the plan once u get an idea
[13:15]   Shai : tcs probing poor structure of 4/1 …is a break from 3 day inside and fine till abv 2380 roughly
[13:15]   RK : thanks Shai..
[13:15]   Shai : oce below 2380 can drop hard
[13:16]   RK : No Ashish not based on event..
[13:16]   Ashish : ok, thanks RK
[13:16]   RK : will see how it shapes up on Monday..will update here
[13:16]   Ashish : roger that
[13:16]   Shai : tryin to get the OF chart up, will update TCS on slack
[13:17]   RK : thanks
[13:19]   Vikkas : thanx shai and rk
[13:26]   RK : can someone confirm Maruti pull back high now?
[13:26]   Vikkas : 4294.45 in futures
[13:28]   Ashish : 4274.95 spot
[13:32]   RK : thanks
[14:17]   RK : Shai if possible pls post OF of Ultracem in Slack
[14:18]   Uttam : Asian also Shai please
[14:23]   Shai : sure
[14:53]   Janak : dlf up by 6% because in ban period
[14:53]   Janak : so shorters had no other way than to book shorts
[14:53]   Janak : u can only cover those shorts – no fresh buy/sell
[15:11]   RK : Maruti on race track today..too much turns and speed 🙂