General Chat Transcript
Date and Time: September 04, 2014 09:25:31
[08:59] r m : Good Morning folks!
[09:03] Sharad : GM all
[09:04] Shai : GM all
[09:07] Shai : http://vtrender.com/levels-and-plan-for-4th-sept/
[09:11] Shriraj : gm shai
[09:24] Shai : Open in range now at lower end of yesterday
[09:24] r m : no buyer at 16090
[09:27] Shai : http://vtrender.com/premium/orderflow-and-notes-of-3rd-sept/
[09:28] Shai : OrderFlow has been on the sell side past 2 days
[09:30] Shai : Our NF trade idea would be to look for a short near 8118- 8120 with stops above 8139 for 8088/ 8074
[09:30] Shai : let’s wait to see what happens at vwap before we act on that
[09:33] Sumit : gm everyone
[09:34] r m : Hi Sumit
[09:39] Shai : Buy BNF abv 16130 tgt 16180, sl 16099
[09:45] Shai : NF held at vwap
[09:58] Shai : big buyers at lows in NF and bNF
[09:58] Shai : those Buyers can push BNF abv val to complete the 80%
[09:59] Chiranthan : Continue to hold NF shorts?
[09:59] Shai : NF short trade not out yet
[10:00] Shai : wait was suggested- (09:30) Shai :let’s wait to see what happens at vwap before we act on that
[10:01] Shai : 8112 was hypo1 estimate and even yesterday our short fell off here – hence suggested wait
[10:18] Shai : IB done
[10:18] Shai : buyers losing a bit of interest in BNF
[10:20] Shai : 16055 is last supp in BNF below 16110
[10:20] Shai : below that we get 15950
[10:21] Shai : Sell BNF below 16048 sl of 16088 tgt 16000/ 15950
[10:31] Kathir : Hi Shai RM ge and all friends
[10:31] Sumit : hi Kathir
[10:31] r m : Hi Kathir
[10:32] Kathir : somebody give me nf 805 :)0
[10:32] Kathir : 8050
[10:32] r m : @Kathir, Chiranthan is trying hard for that 🙂
[10:33] Kathir : ok then i have a company
[10:34] r m : yes but you have to persuade Shai too for taking it below 8087 😀
[10:34] Kathir : yeah need masters permission nd support
[10:35] r m : for short you need his resistance not support 🙂
[10:35] Kathir : lol
[10:35] Shai : BNF is not a good fill 🙁
[10:35] Kathir : 09:30 Shai : Our NF trade idea would be to look for a short near 8118- 8120 with stops above 8139 for 8088/ 8074
[10:36] r m : @Kathir, looks like you took a good fill at vwap in NF 🙂
[10:37] Kathir : yes bought 8000 pe
[10:37] r m : ok
[10:38] Kathir : now planning for 15500 bnf pe also..based on shais short call and SL
[10:38] Kathir : oops bnf be escaped 🙂
[10:39] Kathir : @RM i was chating with you while that pe went to 100 from 93 🙂
[10:39] r m : problem in the first week of series is that options decay so fast that it gives good profit only if trade is over within a short time say an hour 🙂
[10:39] r m : great!
[10:39] r m : goes to show how beneficial chatting with me is for trade 😀
[10:40] Kathir : the problem i s i forget to buy while chating with you
[10:40] r m : lol
[10:41] Kathir : Ge what is the SL for bnf short now?
[10:41] r m : 16088
[10:41] Kathir : ok but vwap and dpoc @ 16095
[10:43] r m : yes, I think Shai based that sl on dval at that time, now we have a previous LH at 16084 to support that Stop
[10:43] Shai : correct sl was at 16110, but risk reward changes for that as we were a sell below
[10:43] r m : ok
[10:43] Kathir : ok shai
[10:43] Chiranthan : Modify SL for BNF?
[10:43] Shai : besides 16040 was a proper trigger -(10:35) Shai :BNF is not a good fill 🙁
[10:44] r m : looks like Kathir is buying BN here, too much green 🙂
[10:44] Chiranthan : Shorted BNF at 16042. Should I carry it now?
[10:44] Shai : Exit BNF shorts here
[10:45] r m : ok
[10:45] Kathir : @Shai NF SL same 8139?
[10:45] Shai : No it you are short it will be 8122 now
[10:46] Kathir : ok thanks
[10:58] Amit J : any view on JP shai
[10:59] Shai : In the news for that jaypee infra sell
[11:01] r m : big buyers again
[11:02] Amit J : yes it was too small news
[11:03] Amit J : 1.34 cr shares is too small. Grp has total loan of 60000cr
[11:03] Amit J : why would he do this officially
[11:03] Kathir : @RM i always treat you in that big buyer seller category only
[11:04] r m : @Kathir, you are on the dot, I just keep watch though 🙂
[11:04] r m : I keep tab on your activity 🙂
[11:04] Kathir : 🙂
[11:05] Kathir : dpoc NF came down now below vwap
[11:06] Kathir : is there anything we can consider that dpoc below vwap or above vwap
[11:06] Shai : Jp looks headed for 34 from here cmp 39
[11:06] r m : @Kathir, it only tells that biggest volume of the day traded below vwap
[11:09] Kathir : @RM ok
[11:10] Kathir : @RM i have jumped in JP 35 pe based on shai trgt
[11:14] r m : good!
[11:15] Kathir : good or bad have to wait and see 🙂
[11:16] Kathir : even 30 paise profit is ok
[11:18] r m : 🙂
[11:18] r m : JP is a huge lot size i believe?
[11:18] Kathir : 8000
[11:18] r m : not bad
[11:18] Kathir : yeah
[11:20] Kathir : moving out..thanks and bye all :).
[11:20] r m : bye Kathir
[11:20] Shai : IN NF looking for more clarity on the next move currently-
[11:21] Shai : 8092 came close to the estimate of 8087
[11:22] Shai : OrderFlow shows buyers returning
[11:22] Shai : Buy NF 8112 sl 8097, tgt 8132
[11:23] Shai : 2 days back the OrderFlow was this-http://vtrender.com/wp-content/uploads/2014/09/sept_nf1.png
[11:23] Shai : posted here- http://vtrender.com/premium/orderflow-and-notes-020914/
[11:24] Shai : Looks like a definite repair dome today
[11:29] Amit J : 390: 1091 adv decl
[11:32] Shai : Current NF orderflow- https://www.dropbox.com/s/58w15brk2qh1f29/sept_nf%201.png?dl=0
[11:32] Shai : lots more blue
[11:35] Shai : Move sl to 8091-
[11:36] Shai : Move sl to 8091-11:22 Shai : (11:22) Shai :Buy NF 8112 sl 8097, tgt 8132
[11:39] Dr Bansal : shai,vertical bars above are deltas,horizantal bars indicate?
[11:44] r m : @Dr B, horizontal lines in the delta pane?
[11:45] Amit J : jpa vwap is 40 in cash. and jpinfra already above vwap
[11:51] Dr Bansal : rm,above are deltas I know.I am asking about horizontal panes on left side of the chart?
[11:51] r m : they are buy and sell volumes
[11:52] Dr Bansal : ok.
[11:52] Dr Bansal : above delta also indicate buyers and sellers vol.
[11:53] r m : left most is buy volume and the one on the immediate right is sell volume, green bar shows biggest buy/sell volume of the day
[11:53] r m : yes, delta show buy/sell volume of that particular bar while the left side horizontal bars are for entire day
[11:56] Dr Bansal : ok.
[12:19] Shai : Dr the bars on the left (horizontal) are volume at price
[12:20] Shai : they will tell you about the volume transacted at price say 8105 now
[12:20] Shai : within that you will find a green bar which is heaviest volume of all and the yesllow bars represent 70% of the range
[12:21] Shai : heveiest sell is at 8114 currently and heaviest buys at 8105
[12:22] Dr Bansal : can we plan positional trade in real time?
[12:22] Shai : yes
[12:22] Dr Bansal : ok.
[12:23] Shai : Planning trades is dependent on volumes coming in or going out and is independent of time frame
[12:23] r m : I read somewhere that every positional trade entry is a daytrade in itself!
[12:23] Shai : the stops and targets are based on your preferred time frame
[12:24] Shai : true
[12:24] Dr Bansal : with trailing stoploss,you can cary trade till expiry.
[12:25] Shai : Sell BNF again at 16033- 16045 with sl of 16090 and tgt 15960
[12:25] Shai : yes
[12:26] Shai : BNF much weaker than NF today
[12:26] Shai : and if vwap holdsthen it will close at day lows
[12:26] Dr Bansal : your trading calls are good way to guide.
[12:27] Shai : Dr if you have a view for a month better to start on 1st day and reassess mid month around 11-14th
[12:28] Shai : in the past 5 months the market has changed trend in the middle of the month
[12:28] Chiranthan : Nifty call still open?
[12:28] Shai : Aug is a big ex
[12:28] Shai : Yes NF still on buy
[12:30] Dr Bansal : I bought nifty at 7700 and now trailing at SL 8000.
[12:32] Narendra : have some confusion on the calls generated which r posted on twitter
[12:33] Narendra : the last call came in BNF buy 15998
[12:35] r m : @Dr B, congrats man, you have great patience!
[12:39] Dr Bansal : but I hit SL IN bnf FEW DAYS BACK IN A POSITIONAL TRADE.
[12:39] r m : ok
[12:41] Shai : Narendra Pr 1 levels was 16152 hope you booked part there on tues
[12:41] Shai : now sl is at cost on that till new sell signal comes
[12:41] Narendra : ok
[12:42] Shai : pr1/ pp0/ ps1 will be informed on twitter separtely for these trades
[12:43] Shai : Now if a sell alert comes today in afetrnnon, then sl will be the same pr1 of 16152 and tgt 15932/ 15707 positional
[12:43] Shai : or till new alert comes as it is SAR system
[12:49] Shai : BN trending down from Open
[12:49] Shai : wary of a pull back high
[12:54] Shai : Nice trade Dr- 12:30 Dr B: I bought nifty at 7700 and now trailing at SL 8000.
[12:56] Shai : I think 7955 F is a better stop and if it does not come by Monday morning then should hold for all of sept till expiry week
[12:57] Dr Bansal : I WILL CHANGE SL TO 7955.
[13:01] Shai : 8252 F looks like a resonable objective from here with sl
[13:02] Dr Bansal : OK.
[13:02] Dr Bansal : all rallies are news based.
[13:03] Dr Bansal : real uplift will start in economy will start in next two yrs.
[13:05] r m : by that time market would have fully discounted it!
[13:13] r m : above vwap BNF could go for IB Band trade?
[13:15] Shai : 16085 has to cross
[13:15] r m : OK, thanks
[13:16] Shai : 72- 85 has been pushing it down all morning
[13:16] r m : yes
[13:16] r m : NF has at last crossed that 8112 barrier
[13:30] Shai : we got stuck in chasing the market today
[13:30] r m : looks like that visit above 8112 was meant to attract sellers!
[13:31] Shai : Initial view was – (09:30) Shai :Our NF trade idea would be to look for a short near 8118- 8120 with stops above 8139 for 8088/ 8074
[13:31] Shai : that slipped away before I could fire in the alert
[13:41] Shai : Put a part booking order at 16006 in BNF
[13:41] r m : ok
[13:57] Shai : Tighten stops and place in system
[13:57] Shai : Super Mario on stage in evening
[13:57] r m : lol
[13:57] Shai : Markets can react to him in this last hour
[14:40] Shai : 16020- 16075
[14:40] Shai : all that BNf has done
[14:54] Chiranthan : BNF SL hit
[14:54] Shai : BNF stopped out
[15:00] Shai : icici has started rising
[15:01] Shai : that’s taking BN along
[15:01] r m : book out NF here?
[15:01] Shai : yes book
[15:01] r m : thanks
[15:02] Shai : 39 should resist
[15:02] r m : ok
[15:02] Shai : tgt done- 11:22) Shai :Buy NF 8112 sl 8097, tgt 8132
[15:03] Shai : ignore this as time is less- Shai :Buy BNF abv 16130 tgt 16180, sl 16099
[15:06] Shai : take an 8200 ce if we come back to 8119 now
[15:06] Shai : for carry till tom eve
[15:06] r m : ok
[15:07] Shai : can also buy 1 small part here
[15:07] Shai : more likely 8174 Tom
[15:07] Shai : F
[15:07] r m : ok
[15:07] r m : thanks
[15:08] Narendra : pehle bolte sir 50 percent hi bechte na
[15:09] Shai : Narendra event risk is there as ECB tonight
[15:09] Shai : hence CE over Futures
[15:09] Narendra : so should i keep my positions on lighter side
[15:10] Shai : yes of course
[15:10] Shai : all these events are never under our control
[15:12] Shai : NF always looked good but BNF went the other way at close
[15:16] Shai : BNf close below 16130 is still a question mark for tomorrow
[15:17] Shai : but early morning shorts are now covering since 20 minutes
[15:24] Shai : Tom if you see BNF at the open near 16135-16150 buy for 16210/ 16250 quickly with stops below 16105
[15:24] Shai : don’t wait for my alert
[15:25] Shai : high probabaility trade if we open abv 16130 tom
[15:25] Shai : shorts are cobering so should be light to rise
[15:28] Shai : neutral extreme day in NF
[15:28] Shai : NV in BNF
[15:30] r m : Thanks and bye folks, have a great evening 🙂
[15:30] Shai : (15:02) Shai :39 should resist
[15:30] Sumit : bye everyone
[15:30] Shai : High probabaility we bounce up
[15:30] Shai : Bye all
[15:30] Shai : Have a nice eve
[15:30] Amit J : hope we see 100 pts gap up tom
[15:31] Shai : 🙂
[15:31] Amit J : shai check India ETF chart
[15:31] Shai : indy?
[15:31] Amit J : INDY chart
[15:31] Amit J : flat breakout]
[15:31] Shai : yes foreigners are excited
[15:31] Amit J : yes
[15:32] Shai : ETF’s are long term views – so it is good
[15:32] Amit J : yes
[15:32] Amit J : bye all
[15:34] Shai : I;ve posted 11600 Nifty on the blog by May 2017 possible end 16 also
History of room Announcements
Date and Time: September 04, 2014 09:25:31
[09:07] Shai : http://vtrender.com/levels-and-plan-for-4th-sept/
[09:39] Shai : (09:39) Shai :Buy BNF abv 16130 tgt 16180, sl 16099
[10:22] Shai : (10:21) Shai :Sell BNF below 16048 sl of 16088 tgt 16000/ 15950
[10:45] Shai : (10:44) Shai :Exit BNF shorts here- 15 point loss
[11:22] Shai : (11:22) Shai :Buy NF 8112 sl 8097, tgt 8132
[11:36] Shai : (11:36) Shai :Move sl to 8091-11:22 Shai : (11:22) Shai :Buy NF 8112 sl 8097, tgt 8132
[12:25] Shai : (12:25) Shai :Sell BNF again at 16033- 16045 with sl of 16090 and tgt 15960
[13:41] Shai : (13:41) Shai :Put a part booking order at 16006 in BNF
[14:54] Shai : (14:54) Shai :BNF stopped out
[15:03] Shai : 15:02 Shai : tgt done- 11:22) Shai :Buy NF 8112 sl 8097, tgt 8132
[15:04] Shai : ignore this as time is less- Shai :Buy BNF abv 16130 tgt 16180, sl 16099