*** Shai **, Welcome to the Vtrender conference room!
[08:54] Pasi C: GM all
[09:02] Jitender Chhabra: GM Shai & friends…
[09:02] Shai C: GM all
[09:02] Jitender Chhabra: Hi Rm,Pasi:-)
[09:02] Jitender Chhabra: Shai…wat levl to short USDINR…
[09:03] r m: Good Morning folks!
[09:03] r m: Hi Pasi, JC, Shai 🙂
[09:04] Shai C: Jitendra 56.5 is still expected
[09:04] Jitender Chhabra: k….
[09:04] Shai C: but we have to be careful now as dollar is making new highs too
[09:04] Jitender Chhabra: tx
[09:11] Vicky M: GM everyone 🙂
[09:12] Vicky M: hello RM 🙂 Shai 🙂 JC
[09:12] Shai C: 4852 is ref for all longs. No upmove poss till that is taken out
[09:12] Shai C: Hi Vicky
[09:12] Shares Trader: Hello All…GM
[09:13] r m: Hi Vicky, ST 🙂
[09:13] Vicky M: hi ST 🙂
[09:13] Vicky M: Shai.. we are heading to 4788 ?
[09:15] Shai C: yes
[09:18] Jitender Chhabra: Hi Vicky…
[09:23] Pasi C: Hi jc
[09:25] Shai C: auction below pdl
[09:26] Shai C: lots of uncertainty in the currency mkts now
[09:26] Shai C: yen, dollar, euro and INR all news driven
[09:27] Shai C: has an indirect effect on equities
[09:27] j g: we can have steeper falls – because in such times only big players make huge money – here bears have a genuine reason
[09:27] j g: even if mkt tanks 1000 pts in 3 days – no one will question or doubt
[09:28] Shai C: let's be careful. these are difficult times
[09:36] j g: NS having a premium is baffling – what could be the reasons shai?
[09:41] Shai C: June 17th is the election in Greece. Global money will watch that result
[09:42] Shai C: yes JG same thing as having a discount, got to do with cost of carry, then expected dividends etc etc
[09:44] Shai C: OAOR
[09:45] Shai C: 4830 to4852 is one possibility the other being 4808- 4788
[09:51] Pasi C: 4808 coming
[09:57] Shai C: still roatations around vwap/dpoc
[09:59] jiignesh -: silver chart plz
[10:02] jiignesh -: silver snached almost 2k
[10:08] Shai C: @ RM does NSE have a plan to introduce options for the other currencies?
[10:08] r m: have not read about that, probably not much demand for other currencies
[10:09] jiignesh -: GM all
[10:09] r m: Hi jiignesh
[10:09] jiignesh -: hi r m
[10:14] j g: rs. does 50 paise everyday – at this rate – it will reach 70 in a month – that is waht Pakistan rs. is at present 1 $ = 70 rs.
[10:18] r m: @jg, but that makes life very simple na! Just short INR every morning at 9AM and cover at 5PM, then you will be totall hedged against USDINR movement 🙂
[10:26] j g: short? or buy?
[10:30] r m: usd buy, inr short
[10:32] r m: Buying USDINR futures is like shorting INR
[10:32] j g: ok
[10:33] r m: don't take me seriously, was just joking on your observations about INR losing 50 paisa value everyday 🙂
[10:33] Shai C: that break below IB is not good in NF as BN remained higher
[10:33] Shai C: need to see both do it together
[10:34] Shai C: still no OTF post open
[10:38] j g: the best would be hang on the positions taken on red of?
[10:40] Shai C: yes
[10:40] Shai C: 4853 is swing sl
[10:48] j g: shai which level wud create stampede in bulls? 4775?
[10:50] Shai C: Bulls – are there any left?
[10:50] Shai C: it's just bears and there short covering
[10:51] Shai C: People still holding stocks for months are ignorant of market action
[10:51] Shai C: I mean they don't follow it daily
[10:54] Shai C: big addition at 4700 pe
[10:54] Shai C: but 4800 pe is still not cutting
[10:55] r m: USD breaks out
[10:55] j g: is that bullish?
[10:57] j g: some foreign funds might be taking rs. down ? political nexus ?
[10:57] Jitender Chhabra: shai wats yr brok for currency/lot…
[10:58] r m: @jg, mostly it is USD demand from importers, largest being oil marketing companies
[10:58] Shai C: abt 3 paise
[10:58] Jitender Chhabra: k..tx, mine is 5 per lot….
[10:58] j g: ok
[10:59] Shai C: intra move is abt 20 paise
[10:59] Shai C: so try to reduce it
[11:00] Jitender Chhabra: is it 3 paise per lot…
[11:01] Shai C: yes roughly
[11:01] Jitender Chhabra: k..tx
[11:02] r m: @JC, rkg is 1 rs per lot and Zerodha is 20 rs per order or .01% whichever is less
[11:02] Jitender Chhabra: sure…tx
[11:06] Pasi C: NF may print sell now
[11:06] Jitender Chhabra: shai..es hit 1329(apprx) & came back…so back to 1287 now..
[11:07] Pasi C: chances of trend day ?@shai
[11:08] Shares Trader: wht Subbu sir doing ?
[11:08] r m: early lunch 🙂
[11:08] Shai C: Pasi I'll like to see BN lower also
[11:09] Jitender Chhabra: @ST…tere r reports abt $20bn being already exhausted by RBI till now with no effect.
[11:09] Pasi C: u mean BN not in sink with NF/@shai
[11:10] Shai C: yes
[11:13] Jitender Chhabra: [11:06] Jitender Chhabra: shai..es hit 1329(apprx) & came back…so back to 1287 now..
[11:13] r m: That 20bn $ has also sucked out Rupee liquidity from markets, RBI will be buying govt securities thru OMO on friday
[11:13] Jitender Chhabra: :=
[11:14] r m: to provide liquidity
[11:15] Jitender Chhabra: i just hope all this is rotating money & not one way out of India…
[11:16] r m: old news – http://www.moneycontrol.com/news/business/rupee-liquidity-rbi-to-buyback-g-secs-worth-rs-12000cr_707879.html
[11:16] Jitender Chhabra: k…
[11:16] Shai C: Did we hit 1329 yesterday
[11:17] Shai C: there is weakness below 1309 today, should tgt 1301 again and below that 1295
[11:17] Jitender Chhabra: i think the high was1328.5
[11:17] Shai C: ok
[11:17] Jitender Chhabra: tx Shai
[11:18] Shares Trader: thr is also news of Bank NPA incrased by 54%
[11:18] Shares Trader: real reason to worry
[11:20] j g: http://timesofindia.indiatimes.com/business/india-business/Reebok-alleges-Rs-8700cr-fraud-by-sacked-MD-COO/articleshow/13401909.cms
[11:24] Jitender Chhabra: indians r best with jugaad….
[11:25] j g: it takes special balls ( a la raju) to do a 9000 cr fraud
[11:27] Jitender Chhabra: j g..know sumbody higher up in reebok…its actually a 500-800cr fraud. The fig of 8700 cr is being pushed thru media to write off sum bad no's in books.
[11:39] Shai C: 4792
[11:39] Shai C: BN still at IBL wheras NF made 2IB
[11:45] Shai C: No w Bn is moving lower
[11:47] Pasi C: nf tgt shai
[11:53] Shai C: abt 4766 now
[11:53] Shai C: usd-inr- perma bull
[11:54] Shai C: every dip is being bought
[12:00] Pasi C: "no need to worry till 60 " I red in one news paper
[12:00] r m: 🙂
[12:00] Shai C: U have to be carefull when you see those headlines
[12:01] Pasi C: 🙂
[12:01] Shai C: It generally marks the end of a bull run
[12:01] Shai C: there's a lot of trading interst suddenly in USDINR
[12:02] r m: in the end retail will be left holding all the RBI Dollars 🙂
[12:02] Shai C: Lol
[12:02] Shai C: it's been a parabola from 54 to 56
[12:08] Shai C: vwap
[12:09] Shai C: just befor e eu open
[12:09] Shares Trader: http://i50.tinypic.com/312ehdh.png
[12:10] Shai C: 55.95- 55.88- 55.84 needs to be broken in that order for USDINR to come lower
[12:11] r m: Thanks ST
[12:11] Shares Trader: frm Nest RM
[12:12] r m: yes ST, i feel envious 🙂
[12:12] Shares Trader: im getting to knw all new thngs daily 😀
[12:12] r m: you are getting level 2 quotes for free 😀
[12:12] Shares Trader: nothng to envy..i dnt knw hw to use tht stuff
[12:12] Shai C: 31 points
[12:12] Shai C: strongest bounce of the day
[12:13] Vicky M: Shai i am long from 4788 🙂 🙂 🙂 🙂
[12:13] Vicky M: what shall be the target?
[12:13] Vicky M: 4827 ?
[12:13] Shai C: yes
[12:13] Vicky M: thanks
[12:13] Shai C: 4856/ 54 also poss
[12:13] Jitender Chhabra: cool vicky…
[12:18] Shai C: signs of change- first move abv vwap at dpoc now
[12:18] Shai C: Bn at IBH/ PDL
[12:20] Shares Trader: whts Vix high
[12:20] Shares Trader: 26.31 nw
[12:21] r m: 26.69
[12:21] Shares Trader: ok thnx RM
[12:29] Shai C: 26.11
[12:29] Shai C: 40 point up down
[12:31] Shai C: 4800 pe started adding up again
[12:31] Shai C: second such move from 4788
[12:32] Shai C: last time it halted here at 4830 and then zooned 50 points more
[12:32] Shai C: *zoomed
[12:33] Shai C: europe's open is a disaster= http://www.forexpros.com/indices/indices-futures
[12:38] Shai C: vwap key again
[12:39] Shai C: first touch from up
[12:39] Shai C: failure send it to day low again
[12:43] Shai C: already a neutral day
[12:44] Shai C: interest is to see if we close neutral centre or extreme
[12:44] Shai C: neutral center will be dpoc / vwap currently 4812-20
[12:46] Shares Trader: neutral extreme may b
[12:47] Pasi C: which side ST
[12:48] Shares Trader: up
[12:48] Shares Trader: 🙂
[12:49] Pasi C: ok
[12:50] j g: BN in nautanki mode
[12:51] Pasi C: nautanki?
[12:51] j g: it has no other option but to tank – lets c how long its nautanki lasts here?
[12:51] Shares Trader: or may b ppl expectign subbu to intrevene
[12:52] Pasi C: subbu will sleep till 60 ST
[12:52] Shai C: from the web- Banks in Greece, Ireland, Italy, Portugal, Spain saw decline of €80.6bn or 3.2% in household+corporate deposits end 2010 to end March 2012
[12:52] Shai C: just what we were discussing yesterday
[12:53] Shai C: but maybe the figures are even higher
[13:06] Pasi C: NF abv IBL,Vwap,DPOC & below pdl
[13:10] Shai C: Bn is the clear driver today
[13:10] Shai C: has been bullish v/s nf
[13:11] Shai C: At mkt lows we like to see Bn taking a lead
[13:12] Shai C: es is recovering- neutral extreme in play at 13.12 pm
[13:21] j g: bn shd tank big time here
[13:22] Shai C: JG pdl and vwap breaks then it's on
[13:23] j g: brek them man – only u can do it
[13:23] Shai C: 🙂
[13:24] Shai C: I'm not the one with the Mauritius connections
[13:24] j g: ok pdl i've done for u now – ur turn
[13:24] Shai C: Kris is a big bull now
[13:24] Shai C: I think Girish psyched him so much that he refuses to see the other way
[13:25] r m: 🙂
[13:25] r m: Girish has totally disappeared from the scene
[13:25] j g: girish himself refuses to either way
[13:25] j g: 🙂
[13:25] j g: se
[13:26] Shai C: time to step back- one abv IB and one in IB, one below PDL and one abv
[13:27] Shai C: JG if the yellow dev value gives way you have IB low and dev value low coming
[13:28] Shai C: also pdl and IBH so lots of new long stops may be there
[13:33] Shai C: USDINR ready for one more swing up
[13:34] Shai C: jg may get his wish now
[13:34] Shai C: BN longs tighten stops
[13:34] j g: any chances of 8800-8300 band getting hit bef. expiry?
[13:35] Shai C: JG with the kind of news flow we are getting, better to take 2 days at a time
[13:35] j g: [13:34] j g: any chances of 8800-8300 band getting hit bef. Friday? 🙂
[13:36] Shai C: No
[13:36] Shai C: 9140- vwap
[13:37] Shai C: 9125
[13:38] Shai C: booked
[13:38] j g: yday around this time mkt started falling from 4940 and did 100
[13:38] Shai C: got 50
[13:38] j g: why booked shai?
[13:39] j g: 9085 is on
[13:39] j g: atleast
[13:39] Shai C: Bn has a buyer below
[13:39] j g: chalo dekhte he
[13:40] j g: 9075 is on – sorry
[13:40] j g: 🙂
[13:41] Shai C: Hmm
[13:41] Shai C: sell came
[13:42] r m: Looks like jg abducted the BN buyer 🙂
[13:42] j g: i converted him into a seller ;
[13:42] r m: hmmm, religious activity 🙂
[13:43] Vicky M: Shai is it a buy again at 4788 ?
[13:44] Shai C: No vicky
[13:44] Vicky M: whats can be the next support now?
[13:44] Shai C: we should test 4760
[13:44] Shai C: USDINR
[13:45] Shai C: [13:33] Shai C: USDINR ready for one more swing up
[13:45] Shai C: JG try the green in USDINR with pink in BN
[13:45] Shai C: almost faill proof
[13:46] j g: ok sir
[13:46] j g: USDINR is having steep green/blue – will run to 60 in no time
[13:46] Shai C: but fall will be swift
[13:46] Shai C: lione nov dec
[13:47] Shai C: Like*
[13:47] Shai C: somehow BN is not breaking down
[13:48] Shai C: USDINR at 2IB
[13:49] Shai C: @Vicky the erason I said No was that currency mkt is not showing life for equity bulls
[13:50] Shai C: see USD/ Euro and INR
[13:50] Vicky M: thanks shai
[13:51] Vicky M: Shai USINR is going beyond vwap band.. a visit to 55.9 should come?
[13:52] Vicky M: plus USDINR is at PR3
[13:53] Shai C: yes may come down a bit but more to do with profit booking than selling
[13:53] Shai C: today no seller in USDINR
[13:53] Shai C: see the pink lines
[13:53] Shai C: every dip is used to buy
[13:55] Vicky M: yes
[13:57] Shai C: 4804 spot if it breaks we get 4760 spot quikly
[13:57] Shai C: 56.20
[14:02] Shai C: Vix at 27
[14:06] Shai C: profile is looking like a bell now
[14:08] Shares Trader: 4818 and 4794 nearly same volm shai ?
[14:08] Pasi C: h0ld bn short shai
[14:09] Pasi C: ?
[14:11] Shai C: Pasi exit
[14:11] Pasi C: ok
[14:11] r m: Looks like jg has bought truckloads after getting frustrated with bears 🙂
[14:11] Shai C: crazy
[14:12] j g: pink pe becho – green pe boughto
[14:12] Shares Trader: nt my day today…longd 4800 CE @ 66..scartchd @ 68 n the moment it gt filled ran to 82 🙁
[14:13] j g: rbi selling dollars – rumour
[14:13] Shai C: has been tough to trade today
[14:13] Shares Trader: RM thoda jaldi spread karna na tha na rumour 🙂
[14:14] Pasi C: it went up after viren tweet ST
[14:14] Shares Trader: wch ws ?
[14:14] Pasi C: Still is a neutral day with BN not staying down below 9080.Onlt 2 things matter now, a close at the center or at the extremes2:00 PM – 23 May 12 · webReplyRetweetFavoriteOptionsTweets: V2OF
[14:14] r m: @ST 🙂
[14:14] Shares Trader: ok thnks
[14:15] Shares Trader: Shai, 4786 gt protectd twice today
[14:15] j g: rumour also says that subbu after his visit to dehradun – decided to sell dollars, his own house, clothes, etc. and settle there ;
[14:15] Shai C: yes ST
[14:15] Pasi C: if it fails at center may be extreme down
[14:15] r m: good for Subbu, he can line the roads with rupee notes, they are in any case cheaper than Bitumen 🙂
[14:16] j g: rm visit asr site – and tell me that guy in one of the pictures – is that subbu? ASR puts him up in differnt avatars daily
[14:19] j g: http://www.anirudhsethireport.com/usdinr-spot-stoploss-56-13-56-25-sell-usd-nse-traders-watch-55-975-level-very-carefully-unexpected-selling-from-rbi-or-xxx-to-start-anymoment/
[14:19] j g: who is this guy in the link?
[14:19] r m: all you want to know about Subbu except his picture 🙂 – http://en.wikipedia.org/wiki/Duvvuri_Subbarao
[14:20] r m: 🙂
[14:20] r m: Subbu the Sumo 🙂
[14:21] r m: @jg, so you get your targets from asr, no wonder they are huge 🙂
[14:21] Shares Trader: buy signal in NF
[14:22] j g: extremely wicked sense of humor – everyday subbu is in a diff. avatar there – http://www.anirudhsethireport.com/bank-nifty-last-hope-9153-break-will-create-panic-selling-who-will-save-central-bank-below-71-ivrcl-slide-upto-36-then-rs-25-22/
[14:23] j g: no rm, i read all the blogs but religiously follow shai's MP OFs
[14:23] j g: ASR is – entertainment, entertainment, entertainment
[14:26] j g: check this rm – http://www.anirudhsethireport.com/usd-against-inr-firework-to-continue-dont-fight-with-trend-our-advice-to-rbi-fm/
[14:26] Shai C: what is the NF doing today?
[14:26] j g: shai i said bn needs to give 9075 – so unless it gives me that….:-)
[14:27] Shai C: you got 9072 in the morning?
[14:27] j g: my only worry is subbu's visit to dehradun
[14:28] r m: @Shai, jg wants it ever couple of hours 🙂
[14:28] j g: lol
[14:28] j g: i got 9080 at 1.50 pm
[14:28] j g: aur ek bar
[14:29] j g: shai nf is making higher lows or lower lows?
[14:29] j g: or lower highs?
[14:29] r m: both
[14:30] r m: lower lows and lower highs
[14:30] j g: ok
[14:30] r m: sorry higher lows and lower highs
[14:30] r m: confusing stuff 🙂
[14:30] j g: confooz
[14:32] Shares Trader: lower lows/lower highs
[14:32] Shares Trader: btw wch TF ?
[14:32] r m: lol
[14:32] r m: choose your time frame 🙂
[14:32] Shares Trader: 2 mins its higher lows 😛
[14:32] r m: 5 minutes also higher lows
[14:34] Pasi C: last hour hope no surprises
[14:34] Shares Trader: ys ..nw needs high above4835
[14:34] r m: @Pasi, maybe NF will frighten with a lower low this time 🙂
[14:35] Shares Trader: RM i hv hopes frm volm spikes @ 4786
[14:36] Pasi C: diff to trade
[14:36] r m: Yes ST, normally speaking hopes are right but this USD is a pain 🙂
[14:37] Shares Trader: yeah u r right..again hope subbu manages it today
[14:37] Vicky M: 6 IB trades in todays range
[14:37] j g: but if FII are sellers – how long will subbu defend?
[14:37] r m: today was supposed to be the last day for conversion of 50% position by exporters, maybe they also want to convert at highest value!
[14:38] r m: @jg, FII are not taking the money out so far this year, net FDI + FII is in positive
[14:44] r m: aha, thank you Subbu 🙂
[14:45] Shares Trader: ahha suni meri baat
[14:45] r m: Subbu ko ek chocolate bhejo 🙂
[14:46] Shares Trader: jane do ..sugar problm hoga shayd
[14:46] Shares Trader: 😀
[14:46] j g: chocolate companies ke shares bhejo
[14:46] r m: mandatory for such high positions – sugar problem i mean not chocolate 😀
[14:48] r m: but jg has begun buying more at 56.02 🙁
[14:48] j g: ST u will get it – ….in crude
[14:48] Shares Trader: hehehe
[14:48] j g: it is in free-fall mode from 5500
[14:49] r m: fat profile today
[14:49] Shares Trader: JG i hv no idea abt crude..only heard its super volatile
[14:50] j g: next to silver
[14:51] Shares Trader: Jg nw OFl changed to buy..ab to party change kar lo
[14:52] j g: ST, this mkt goes down and down till expiry
[14:52] j g: so sell on every rise
[14:53] j g: and if that doesnt happen – blame on subbu
[14:53] Shares Trader: 🙂
[14:54] r m: @jg [14:23] j g: no rm, i read all the blogs but religiously follow shai's MP OFs
[14:54] r m: 🙂
[14:54] Shares Trader: thts why i said to chnage him party 😛
[14:54] j g: so i was long from 9090 – booked at that yellow line at 9160 and reverse
[14:54] j g: ab bolo 🙂
[14:55] j g: sell on rise sir sell on rise
[14:55] r m: hamne kya bolna hai sirjee, aap to hamari bolti band kar dete ho na 🙂
[14:55] Jitender Chhabra: 🙂
[14:55] Shares Trader: ok sir ok sir
[14:55] j g: 3-3.10 is a gamble – period
[14:56] j g: or subbu-period
[14:56] r m: Subbu wakes up after 3:30, post lunch sleep is important to avoid stress 🙂
[14:56] j g: lol
[14:57] j g: my tsl at cost 9160 – might just get hit 🙁
[14:58] j g: because i am holding against the of
[14:58] j g: this is called – emotional (read "disastrous") trading
[14:58] j g: i could have booked at 9110
[14:59] r m: a neutral centre close would keep you in profit
[14:59] j g: ok
[15:01] Shai C: prominent POC 4812-20
[15:01] Shai C: good chances of a flat open
[15:01] Shai C: which is a big statement ion these days of extreme volatility in overseas mkts 🙂
[15:02] Vicky M: shai huge OI addition in 4700 PE
[15:02] j g: which means 4700pe buys?
[15:03] Vicky M: no.. i personally feel gap up tomorrow maybe 🙂 but shai is the boss
[15:03] Vicky M: [15:01] Shai C: prominent POC 4812-20[15:01] Shai C: good chances of a flat open[15:01] Shai C: which is a big statement ion these days of extreme volatility in overseas mkts 🙂
[15:03] j g: shai is subbu of stock mkt?
[15:04] r m: don't make Shai angry, he will trigger your BN sl 🙂
[15:04] Shai C: Vicky seems to be half buyers and sellers
[15:04] j g: 🙂
[15:05] j g: i've given up on that trade rm
[15:05] r m: ok
[15:05] j g: sl at cost
[15:05] j g: niot hoping anything
[15:05] Shai C: heading for a neutral center
[15:08] j g: eu in deep red
[15:16] Shai C: dpoc holding movement
[15:20] j g: still some players hoping for a turnaround?
[15:22] r m: nobody wants to sell here
[15:24] Shai C: USDINR should print a sell soon
[15:24] r m: @Shai, is it possible to keep the USDINR pane open till 5 PM?
[15:26] Shai C: yes I 'll transfer it to the MCX tab
[15:26] r m: Thanks
[15:26] Shai C: there's big vol hitting every day near 4.45
[15:27] r m: yes
[15:27] Shai C: JG's gone?
[15:28] j g: no still holding bn short – carry?
[15:28] j g: major gap down
[15:28] Shai C: No man's land for me
[15:28] j g: US will tank tonight
[15:28] j g: rm will buy USDINR at 4.45 – so all in my favor
[15:29] Shai C: us plays one tune between 7-10 and another tune after europe closes
[15:29] r m: 🙂
[15:29] Shai C: closing at vwap
[15:30] Shai C: 4810/ 9134
[15:30] r m: Thanks Shai, bye all, have a great day!
[15:30] Shares Trader: Bye all…
[15:32] Shai C: usdinr in lower pane along with crude and copper
[15:32] r m: thanks
[15:33] Jitender Chhabra: shai..wat level u expect a sell in USDINR
[15:36] Shai **: 56.65 is still a possiblity as it is an HVN
[15:36] Jitender Chhabra: k…tx
[15:36] Shai **: but sell signal is is below dpoc 55.95 today
[15:37] Jitender Chhabra: does currency also adhere to the volume funda or is it more of tech indicators…
[15:38] Shai **: The volumes are good in USDINR comparable to BN
[15:38] Shai **: as long as volumes are good then MP will work
[15:38] Jitender Chhabra: k…tx
