[08:53] r m: Good Morning folks!
[08:53] Pasi C: GM all
[08:53] Pasi C: Hi rm
[08:53] r m: Hi Pasi
*** Shai C, Welcome to the Vtrender conference room!
[08:56] Shai C: Gm all
[09:10] Shai C: GM all
[09:10] r m: Hi Shai
[09:11] Shai C: could be a nothing day today or a highly volatile 2 way one
[09:11] Shai C: can't see a big upmove from here til 4940 res goes
[09:11] Shai C: dpoc 4873 and hvn 4852 are supports
[09:12] Pasi C: hold bn OF longs shai?
[09:12] Shai C: usd inr should go back to pdl again
[09:12] Shai C: pasi yes
[09:12] Pasi C: ok
[09:12] Vicky M: Good Morning everyone 🙂
[09:13] Vicky M: hi rm 🙂 Shai 🙂 Pasi
[09:13] Shai C: abt 9300 is a good sl
[09:13] Pasi C: ok
[09:13] Shai C: but if you see 9380 not being taken then we will exit and wait
[09:13] Pasi C: ok
[09:20] Shai C: dollar index / dx trading at highs
[09:20] Shai C: euro at lows
[09:21] Shai C: poc at 4873 decides a 20 point move
[09:21] Shai C: 4873-78
[09:21] Shai C: 4852 or 4910
[09:27] Shai C: we are trading again in the spike of yesterday
[09:28] Pasi C: day type shai?
[09:28] Shai C: Viren- Focus on #USDINR again as exporters rush to complete the mandatory EEFC conversion today. Also RBI OMO later.
[09:28] Shai C: OAIR
[09:29] Pasi C: ok
[09:29] Shai C: 4905- 4890 is opening swing
[09:39] Shai C: watch for that pink in USDINR which should give pdl
[09:39] j g: if bulls want 5500 in june they will close this month around 5200 or else …..
[09:55] r m: let the bulls or bears do whatever they want to, USDINR options trading is more appealing, did a .0400 to .0700 trip on USDINR55PE, may sound microscopic but it is a hefty 75% 🙂
[09:56] Shares Trader: Gm All
[09:56] r m: Hi ST 🙂
[09:56] Shares Trader: hi RM..
[09:56] Shares Trader: gd onw with USDINR option trade..i suppose Shai also did soem options trade in it
[09:56] Shai C: RM that's great
[09:57] Shares Trader: one*
[09:57] Shai C: what abt the broker's share in your profits?
[09:57] Shai C: How much did he take?
[09:57] r m: that is 40 Rs flat for both ways transactions
[09:57] Jitender Chhabra: congrats rm:-)
[09:57] r m: Thanks JC 🙂
[09:57] Shai C: great Man
[09:58] j g: .0400 to .0700 trip on USDINR55PE – rm if u don't mind, pl. explain the margin required let us say for 100 lots (i.e. 100000) and profit earned in this
[09:58] r m: options don't require margin, they are like cash scrips
[09:58] Shai C: I'm eying that 55.55 levels today. have a good 1 rupee gain below that
[09:58] r m: .0400 means you can buy 100 lots for a piddling 4000 Rs
[09:59] j g: thats cheap man
[09:59] r m: @Shai, OTM options with strike at target are better for trading, ITM options give less profits than futures
[10:00] Shai C: http://www.vtrender.com/sites/default/files/VT_compoUSDINR.png
[10:00] Shai C: 54.65 due below 55.55
[10:00] Shai C: yes I realised that I'm not happy with the spread
[10:04] Shai C: 18 point IB forming
[10:04] Shares Trader: http://i47.tinypic.com/xg076.png
[10:04] Shai C: I repeat- [09:11] Shai C: could be a nothing day today or a highly volatile 2 way one
[10:04] Shares Trader: shai, plz chk image..wht does it say exactly
[10:04] Shares Trader: volatility smile ?
[10:07] Shares Trader: ??
[10:08] Shares Trader: anyone ?
[10:08] r m: @Shai, USD55PE is expected to be available at about .0800-.0900 at break of 55.55, its value without premium will be .3500 if we attain 54.65
[10:08] Shai C: 4700 ce is cheaper that 5100 pe
[10:09] r m: @ST, too theoretical for me, studied them once upon a time on options oracle, but could not make much out of it 🙂
[10:09] Jitender Chhabra: shai…june 5200 ce is cheaper than 4500 pe
[10:09] Shai C: 2 equidistant strikes
[10:09] Shai C: yes mkt is putting a premium on puts
[10:10] Shares Trader: bt genrally puts always hv more premium
[10:10] Jitender Chhabra: yes tey do…but this diparity is higher
[10:11] Jitender Chhabra: and is persistent for the moment…
[10:12] Shares Trader: 4900-4800 Strangle lost 9 pts in value
[10:12] Shares Trader: ws 89-90 yestrd..80 nw
[10:12] Shai C: cool
[10:14] Shares Trader: 🙂
[10:15] Pasi C: 10:15 again down@shai
[10:17] j g: now to 9500
[10:19] j g: big selling from dehradun
[10:19] Shai C: yes pasi
[10:20] Shai C: typical IB break post 10.15 with no follow up from BN
[10:25] Shai C: and back in IB
[10:26] Vicky M: IB long trade can be taken ?
[10:27] j g: yesterday, bn consolidated betn. 9120-9180, today between 9320-9400?
[10:29] Shai C: let is stay abv 4888
[10:33] Vicky M: buy now?
[10:33] Vicky M: not sustaining
[10:54] Shai C: as long as Bn does not break IB low, NF will find it diff to go lower
[10:54] Shai C: but a proper buy is only abv IBlow and vwap
[10:55] Shai C: first one hour has been both sides of vwap
[10:55] Shai C: wait for clarity
[11:09] Vicky M: IB Long trade
[11:13] Shai C: that' s the 3rd time ( I think) a move below IB low after 10.15 has met failure in past 10 days
[11:14] Shai C: 55.65 usdinr
[11:14] Vicky M: cooool
[11:15] Vicky M: now nf should go to PDH 🙂
[11:17] j g: nf shd go to 5200
[11:22] Shai C: what's with all the positivity? 🙂
[11:23] Shai C: not staying abv vah, not satyingf under IBl
[11:23] Shai C: IBL
[11:23] r m: @Shai, jg is inspired by ASR 🙂
[11:23] Pasi C: random shai
[11:23] Pasi C: nature of OAIR
[11:25] j g: ASR = Apne Shai Raja
[11:25] r m: lol
[11:26] Shares Trader: http://www.bbc.co.uk/news/world-asia-india-18186908#?utm_source=twitterfeed&utm_medium=twitter
[11:26] j g: or Apna Subbu Raj
[11:27] j g: Andheri nagari me …..subbu….
[11:28] j g: ok see u later – at 9500
[11:28] r m: bye jg
[11:29] r m: Thanks ST
[11:29] r m: inspiring stuff
[11:31] Shares Trader: ys
[11:37] Deepak C : lajawab real story, tnx, ST
[11:48] Shares Trader: 🙂 ys Deepak
[11:54] Jitender Chhabra: shai..usdinr a shortn cand now below ib…
[12:14] Shai C: short below pdl
[12:14] Jitender Chhabra: k…tx
[12:15] Shares Trader: as Shai said..quite day so far
[12:33] Kris 123: The VIX at 26 is a bit too high – and suggests that lot of juice is still left in the option premiums – Good Afternoon everyone 🙂
[12:36] r m: Hi Kris 🙂
[12:36] Jitender Chhabra: shai..cover at 55.5 or let the short ride…
[12:37] r m: @JC, Shai said below 55.55 > 54.65 🙂
[12:37] Jitender Chhabra: k..tx rm….
[12:37] Kris 123: Hi Rm 🙂
[12:38] Shares Trader: Hello Kris
[12:38] Kris 123: Hi ST 🙂
[12:39] Kris 123: To extend on my earlier statement – the best way to suck the juice out of options is by moving the price between the bands – ( IB bands, VWAP Bands ) 🙂
[12:42] Kris 123: Though it looks a very nice place to take the vwap band trade in NF, people in the room know that Shai does not leave NF without touching 2IB – specially when it reaches so close. 🙂
[12:42] Shai C: Jitendra intra day tgt is 2IB
[12:42] Shai C: 55.34
[12:43] Jitender Chhabra: k shai..tx
[12:43] Kris 123: @Rm – I rest my case – with Shai's immediate statement after mine 🙂
[12:44] Shai C: LOL Kris
[12:53] Jitender Chhabra: yipee…USDINR 55.41
[12:53] Shai C: covering 1/3rd here 55.40
[12:56] Shai C: pdl is a SL if one wants to trail
[12:56] Shai C: in USDINR
[12:56] r m: great trade, thanks Shai 🙂
[12:56] Shai C: I'll short more below 2IB for 55.05 later
[12:57] r m: ok
[12:57] Shai C: after a pull back
[12:57] Jitender Chhabra: covern here…shldnt get greedy:-)
[12:57] Kris 123: [12:42] Kris 123: Though it looks a very nice place to take the vwap band trade in NF, people in the room know that Shai does not leave NF without touching 2IB – specially when it reaches so close. 🙂
[12:57] Kris 123: it took 15 minutes – Shai kept his word 🙂
[12:57] r m: 🙂
[12:59] Kris 123: Be careful with longs on Friday afternoons – specially we made a 150 point rally approximately already 🙂
[13:00] Shai C: concur. I don't like it when it creeps on the vwap line
[13:01] Shai C: vwap 2sd line
[13:01] Shai C: we saw an exmaple yesterday
[13:02] j w: May be we see a double top at PDH
[13:03] j w: and then handle the failed auction
[13:03] j w: which happened 3 days back
[13:03] Shai C: possible
[13:04] Shai C: 2IB is a great place to take a bit off always
[13:04] j w: ok
[13:04] Shai C: see USDINR off 10 already
[13:05] Shai C: we have to see if it is profit booking or shorts
[13:05] Shai C: at the moment it looks like profits taken
[13:06] Shai C: a neutral day again in NF
[13:06] Shai C: normal variation in BN
[13:09] Kris 123: hmm..4900PE can now be trailed at 50
[13:09] Kris 123: it was taken at 2IB exactly – at a price of 45.5
[13:11] Kris 123: BN should give clue now – whether it wants to trade the IB band now or – just do a Girish swipe 🙂
[13:13] Shai C: dpoc has moved up in BN
[13:13] Shai C: long should be oh abv pdh again
[13:14] Jitender Chhabra: shai..after how much time…do we infer it to be a nuetral day
[13:14] Shai C: when IB is attmpted both sides it is neutral day
[13:14] Jitender Chhabra: k..tx
[13:14] Shai C: the inference is seller and buyer both present and tries to move price
[13:15] Kris 123: so Shai – either 4929, 4868 or 4894 are possible closes? 🙂
[13:15] Shai C: yes
[13:15] Jitender Chhabra: so pdl had not been rejected it cud have been a trend day instead of nuetral day.
[13:15] Shai C: IB high and vwap are strict sl's for longs
[13:16] Shai C: u mean pdh?
[13:16] Jitender Chhabra: yup…sry
[13:16] Shai C: yes could have been like yesterday
[13:17] Kris 123: I guess now BN SL can be moved to IB high – for the people who shorted at vwap band
[13:17] Jitender Chhabra: so we can sya that nuetral day is when price enters back IB on both sides & a nuetral day can easily b a trend day….
[13:18] Kris 123: According to Shai's lesson yesterday – probably NF can be shorted at 4900 for a target of 4880-83 🙂
[13:18] Jitender Chhabra: *say..
[13:22] Kris 123: @Shai – can we say BN is bearish as long as it is trading below dpoc?
[13:22] Shai C: second touch of vah from abv
[13:23] Shai C: yes Kris, next touch of vah may weaken the support there
[13:26] Shai C: IF USDINR eneters the lower VAL dev 55.4850, it will wekend the case of intra shorts
[13:46] Shai C: this is developing steam for 4939
[13:50] j g: bn will do 9500
[13:50] j g: rm around?
[13:50] r m: yes sir 🙂
[13:50] j g: i can hear singing (to me of-course :p ) "Tum aa gaye ho…."
[13:51] j g: I can hear BN singing to me
[13:51] r m: dollar gir gaya hai 🙂
[13:51] j g: lol
[13:52] j g: dollar is 1 rs down in a day! that is shai + subbu = "gafla"sider trading
[13:53] r m: You mean Shai has converted 50% of his dollar earning in last two days? 🙂
[13:53] j g: besides shai's blue of call at 4909 guarantees 5009
[13:54] j g: shai had an open-door meeting with subbu and he converted subbu himself
[13:54] r m: That absolutely flat OF in Nifty does not seem to be in a mood to give any guarantee 🙂
[13:54] r m: lol
[13:54] j g: it is not flat rm – it is just like a plane taking off
[13:54] r m: ok, got it now 🙂
[13:55] j g: we shd atleast have 4959 before eod
[13:56] r m: if it goes above 4940 you could easily see 4970
[13:59] r m: icicibank hitting vwap band
[14:00] j g: shai why i stopped mentioning spot values in the charts?
[14:00] j g: why u stopped
[14:01] j g: i thought it was quite useful
[14:01] Shai C: u asked me this yesterday too- when did we have spot values?
[14:01] j g: sometime back u had them – didn't u?
[14:01] j g: 🙁
[14:01] Shai C: never
[14:01] Shai C: intra is always with fut
[14:01] r m: i don't remember seeing spot here – no spot on Shai 🙂
[14:02] Jitender Chhabra: 🙂
[14:02] j g: ok sir – i thought it was there – any chances of seeing it?
[14:03] Shai C: JG 9738 if we close abv 9500 today
[14:03] j g: vow – on monday?
[14:03] j g: or bef expiry?
[14:04] Shai C: abt 5024 abv 4940
[14:04] Shai C: m on
[14:04] Jitender Chhabra: jaipal reddy to do a press conf 5pm today…partial rollback speculated.
[14:06] Shai C: need more steam
[14:06] j g: NS premium just 4 pts now
[14:06] Shai C: 4933 again
[14:06] Shai C: 4931- 39 has see three tops
[14:06] j g: that damn 4930 region is here 🙁
[14:11] Pasi C: shorted USD-INR @55.3 HOLD?@shai
[14:14] Shai C: sl will be abv 55.44
[14:15] Shai C: big volume at 4930
[14:24] Shai C: res buliding
[14:24] Shai C: chances of a neutral center increasing
[14:29] Jitender Chhabra: shai..hav u obsrvd that ES fut & reaction to NF key levels more often then not happens in tandem…
[14:29] Shai C: like this 4939 and 1329?
[14:29] Jitender Chhabra: yup…
[14:30] Shai C: yes both are trend changers
[14:30] Jitender Chhabra: ok…mayb tats why.
[14:35] Kris 123: At vwap band this time the 4900PE was available at 41 – hope some one got it.
[14:35] Kris 123: 🙂
[14:36] Kris 123: And – if the juice has to be taken out – price has to be contained by bands !
[14:37] Kris 123: @Shai – an event less es today – can it make NF open on Monday flat – and thereby taking 10% out of 4900CE+PE?
[14:49] Shai C: yes could be poss
[14:49] Shai C: dpoc up in NF
[14:49] Shai C: can be 40 mins of nothing from here
[14:49] Jitender Chhabra: BPCLdclres 1:1bonus….it is supposed to b a cshstrapped OMC…wat a sham.
[14:50] Jitender Chhabra: BPCL declares
[14:54] Jitender Chhabra: It CS ay they r sitting 1030 cr profit, he petrol increaseoves their profit 100% !!!
[14:54] Jitender Chhabra: *MD
[14:55] Shai C: what's teh complaint abt losses then?
[14:55] Shai C: on fuel
[14:55] r m: that is made up by govt bonds – IOUs 🙂
[14:56] Jitender Chhabra: Al a sham…OMC money & the taxes money all has to be enjoyed by politicos & babus
[14:56] Jitender Chhabra: a litre of petrol has 33rs of taxes & levies…
[14:57] Shai C: yes I read that – shared by center and state
[14:57] Jitender Chhabra: yup
[14:57] r m: The Kerosene scam is the biggest one going on in the country, notbody uses kerosene in cities but lakhs of litres are allegedly supplied at subsidized rates – to be mixed up with petrol 😀
[14:57] Pasi C: USDONR going abv 55.44
[14:58] Pasi C: *USDINR
[14:58] Shai C: exit intra short
[14:58] Jitender Chhabra: yes rm…tat is a huge scam running into billions of rs….
[14:58] Shai C: dpoc has moved
[14:59] Shai C: pasi- I didn't update but see this- [13:26] Shai C: IF USDINR eneters the lower VAL dev 55.4850, it will wekend the case of intra shorts
[15:00] Shai C: if in a trending mkt, the price enter dev value then trend has stopped in 90 % of the cases
[15:00] Shai C: the dpoc move down meants that value was accepted lower- so intra trend halts
[15:00] Pasi C: so uptrend stopped?@shai
[15:00] Pasi C: ok
[15:01] Pasi C: down move halts ok
[15:01] j g: rm have u read any book about Swami Rama who has an ashram in Dehradun?
[15:01] Shai C: no USDINR was down from morning 56.09- 55.21
[15:01] Kris 123: @Shai- June 5000CE+5000PE at 265 – writing it will work?
[15:01] Shai C: remember the job of dpoc or POC is to slow down action
[15:02] r m: @jg, i have not read any book but my BIL knew him, he helped in the structural engineering part of the hospital made by Swami Ram's trust
[15:02] Shai C: Kris what abt 4900?
[15:02] j g: ok – i came across a book abt him – very interesting – started reading
[15:03] r m: @jg, that fellow is no more, the trustee appointed by him are selling PG seats in the medical college 🙂
[15:03] j g: 🙂
[15:03] r m: he was a great chap, a visionary
[15:03] j g: na babu na bhaiya – sabse bada…..
[15:03] r m: Dollar 🙂
[15:03] j g: lol
[15:03] Shai C: Kris I think we get a trending move of 100- 150 points from here
[15:03] Kris 123: @Shai – it is at 270 or so – do you think it is better?
[15:04] Shai C: so writing two ways for 1 days may not be good. write the 4900 pw on mon if we cross 4940
[15:04] Shai C: *pe
[15:05] Kris 123: @Shai- I concur for the trending move part! – only a question of timing.
[15:05] Kris 123: I am a bit biased towards upside – so expecting the move to occur next series only – that is the reason for attempting to write.
[15:06] Kris 123: @Rm – what is your fairest price? ( Not Shai's) :):)
[15:06] Shai C: good devlopment in the POC to 4920
[15:06] Shai C: unlike last time
[15:07] Shai C: so bias is more for upside than lower unlike last time
[15:07] r m: @Kris ? 🙂
[15:07] Shai C: weekly dev poc is also 4920
[15:07] Kris 123: @Shai – thanks
[15:08] Kris 123: @Rm – the illogical price – I meant – which you and your friends follow! 🙂
[15:09] r m: 5189 spot 😀
[15:10] j g: shai sold 500 BN at 9460 – book or hold?
[15:10] Kris 123: oh! – so for the people who believed it – ( I tweeted on vacation ) – that below 5180 – it did give 300 points 🙂
[15:10] r m: This series has the dubious distinction of having a negative MO all thru!
[15:12] Shai C: vwap book half
[15:12] j g: ok
[15:13] Kris 123: [14:35] Kris 123: At vwap band this time the 4900PE was available at 41 – hope some one got it.
[15:13] j g: kris bought 50 lots at 43
[15:15] Shares Trader: Kris Trade looks right..rt nw 🙂
[15:17] Kris 123: we are at vwap – so 48 is part book and rest at cost should be prudent.
[15:17] Pasi C: USDINR become mad
[15:20] j g: booked out bn at 9395 – 30k and 4900PE – 10K – 40K done – dehradun ki busi ness class ticket ka paisa aa gaya 🙂
[15:21] r m: Congrats man! aise hi trade karte rahe to apna private jet kharidna padega 🙂
[15:21] j g: apna malya hei na – waise bhi uske sab jet bekaar pade hei 😉
[15:21] r m: lol
[15:22] j g: my jackpot is bn touching 10200 in this series
[15:22] Pasi C: wow 40 k great man
[15:22] j g: riding tonnes of options!
[15:22] j g: bn options ! bheja fry
[15:23] j g: pasi thanks man
[15:23] Shai C: looks like a vwap reject in USDINR
[15:24] Shai C: close is coming at dpoc in NF/ BN
[15:24] j g: pl. dont mind if sometime i disclose my trade like this – in the beginning
[15:24] j g: i used be very very enthu….shai wud confirm it
[15:24] j g: even when i made 5k – i used shake entire VT room 🙂
[15:25] j g: one day viren quietly said – in the first two hours – he is already up by 80k 🙂
[15:25] r m: please disclose all your trades man, they make my resolve to own a yacht (and learn swimming) even more firm 🙂
[15:26] j g: rm, if i disclose my combo trades – u will feel like drowning instead of swimming 😉
[15:27] j g: shai i booked out at right time it seems
[15:27] j g: this is BPCL rally
[15:27] r m: @jg, combos are good – but for sellers mostly 🙂
[15:28] j g: yes rm – i need to learn that
[15:28] j g: but gambler kisko bolte hei? 🙂 jo hamesha din me khwab dekhe aur raat ko 10200 bn dekhe
[15:29] r m: 10200? you seem to have scaled down your dreams quite a bit, it used to be at least 2000 points for BN earlier 🙂
[15:29] j g: realistic dreams 😉
[15:29] r m: sapne jo sach honge 🙂
[15:30] Pasi C: 4927 / 94 40 bye all
[15:30] j g: good close – bullish
[15:30] Pasi C: *9449
[15:30] r m: Thanks Shai & friends, bye all, have a great evening 🙂
[15:30] Shai C: bye guys
[15:31] j g: bye all – have a great weekend