General Chat Transcript
Room Name: Vtrender
Date and Time: August 04, 2014 09:27:36
[09:01] r m : Good Morning folks!
[09:02] Shai : Gm all
[09:02] Shai : http://vtrender.com/levels-and-plan-for-4th-aug/
[09:12] Kathir : Good morning Shai RM and all
[09:14] r m : Hi Kathir :
[09:15] r m : 🙂
[09:16] Kathir : gap up open
[09:18] Kathir : both bank and IT index positive
[09:18] Shai : That 7700 ce is in profits
[09:18] r m : yes
[09:19] Shai : can book part or hold with fri low as sl
[09:19] r m : ok, thanks
[09:19] Shai : 7645 and 7670 on spot are 2 immediate resistances
[09:20] Shai : if we look to close abv 7670 today then buy a 7800 ce for tom – tgt 7761 spot
[09:21] r m : ok
[09:22] Shai : 15370 is res in BNF
[09:23] Kathir : @Shai close above 7670 NF fut or spot?
[09:24] r m : spot
[09:24] Kathir : ok ge thanks
[09:24] Shai : spot for options
[09:24] r m : welcome jee 🙂
[09:24] Kathir : 🙂
[09:27] Kathir : @Shai buy bnf above 370?
[09:28] Shai : can do 7682/ 94 sl of 7645
[09:28] Shai : F
[09:28] Shai : Yes can buy abv 380
[09:28] Kathir : ok Sl for this ?
[09:28] Shai : not more than 40
[09:29] Kathir : ok shai trgt
[09:29] Shai : 456/ 505
[09:31] Kathir : ok thanks
[09:33] Shai : keep sl just below 329 – open price
[09:34] Kathir : ok
[09:47] Shai : NF probing near 7655
[09:47] Shai : was mentioned as support area for friday
[09:47] Shai : clear signs of sellers at 7680- 7695 on friday late but no big eveidence was seen below 7650
[09:48] Shai : hence if new sellers come between 7650- 7690 the market is headed down
[09:48] Shai : F prices
[09:49] Shai : however if 7690 is taken out on good volumes then the seler will be forced to cover
[09:50] Shai : so far an open auction clearing the anomaly between 7630- 7660 seen on the MP chart in the form of single prints
[09:51] Shai : BNF should lead again today ahead of RBI tom
[09:51] Shai : so far no big buying abv 15370 F
[09:52] Shai : 15298 F was a 2 way vwap from friday
[09:52] Shai : and could supp the index today below 15330
[09:57] Shai : Kathir exit long trade – it’s near cost
[09:57] Kathir : ok shai
[09:58] Shai : sellers increasing- getting risky
[09:58] Kathir : ok thanks
[09:58] Shai : BNf will be speculators game today and tom till RBI- trade less than your avg qty
[09:59] Kathir : ok sure
[10:25] Shai : very much an open auction now in NF
[10:25] Shai : OAIR
[10:26] Shai : mentioned 7645 as imp earlier in spot
[10:26] Shai : It is the Jult series vwap
[10:26] Shai : *july
[10:37] Shai : Buyers getting intrested again in NF
[10:48] r m : can go long above IBH in NF now with vwap as stop?
[10:50] Shai : yes
[10:50] Kathir : oops nf fire
[10:50] r m : Thanks
[10:50] Shai : (09:28) Shai :can do 7682/ 94 sl of 7645
[10:51] r m : since both done now, should one exit here or trail?
[10:52] Kathir : @RM look at infu chart
[10:52] Shai : trail 7680
[10:52] r m : thanks Shai
[10:53] Shai : can jump to that 7710/20 zone mentioned on friday
[10:53] r m : @Kathir, looks like Sikka got some hidden gold coins 🙂
[10:53] r m : ok
[10:54] Kathir : 🙂
[10:54] Kathir : any news for IT?
[10:54] Shai : BNF not intersted now as IT moving up
[10:55] r m : Infy trading above that 3420 resistance mentioned by Shai on results day
[10:57] Kathir : it jumped 50 rs immdltly after 3420
[10:58] Kathir : @RM bnf cheated me 🙁
[10:58] r m : yes Kathir, me too, we should go on dharna like AK 😀
[10:59] Kathir : 🙂
[10:59] r m : imagine what AK would have done if he was a trader – SEBI thief, brokers thief, govt thief, traders thief 😀
[10:59] Kathir : but nf obeyed shai’s orders very well 🙂
[10:59] r m : yes!
[10:59] Kathir : lol
[11:00] Kathir : did u had time to buy nf above ibh?
[11:01] r m : no, i was already holding from morning, wanted to add, could not
[11:01] Shai : RM cover
[11:01] r m : thanks
[11:01] Kathir : oh ok..great trade
[11:02] Shai : Friday’s order Flow- http://prntscr.com/49cr28
[11:02] r m : Thanks Kathir!
[11:02] Shai : watch if buyers or sellers come back in this zone
[11:02] r m : yes, sellers at 7690
[11:04] r m : @Kathir, hope we are able to get some juice out of BNF after RBI policy tomorrow
[11:05] Kathir : yeah
[11:09] Shai : BNF 15388 is vwap of last week
[11:10] Shai : just a ref
[11:10] Shai : today’s res at 15370
[11:11] Shai : NF headding back to IBH and vwap
[11:11] Shai : where if this buyer does not buy again we can go to day lows
[11:13] r m : vwap failures are normally very fast trades, so a chance can be taken below vwap with close stop just above IBH?
[11:13] Shai : yes
[11:13] r m : Thanks
[11:13] Shai : all that blue on the break abv 7670 is the new buyer
[11:13] r m : ok
[11:14] Shai : now meeting previous sellers from 7694
[11:14] r m : vwap is at 7667
[11:14] r m : some diff in chart here
[11:15] Kathir : bnf near lows
[11:16] r m : yes, but 15298 may give support
[11:17] Shai : yes vwap at 7667
[11:17] r m : (09:52) Shai :15298 F was a 2 way vwap from friday(09:52) Shai :and could supp the index today below 15330
[11:17] Shai : will get that thing checked
[11:17] r m : Thanks
[11:21] Shai : buyers
[11:21] Shai : not strong still
[11:21] Shai : should get 2 way around IBH- vwap
[11:22] r m : ok
[11:32] Shai : more buyers
[12:22] Shai : 60 min OI change- http://prntscr.com/49d5lu
[12:23] Shai : Daily change for the day- http://prntscr.com/49d5sg
[12:24] Shai : Buyers trying to come back in NF by holding 7670
[12:24] r m : buying continues in NF
[12:25] Shai : just abv 7645 but resisted at 7670- (09:19) Shai :7645 and 7670 on spot are 2 immediate resistances
[12:26] Shai : This one still valid- (09:20) Shai :if we look to close abv 7670 today then buy a 7800 ce for tom – tgt 7761 spot
[12:27] Shai : 50% qty only as RBI tom
[12:50] Kathir : @RM vwap NF ?
[12:56] r m : 7669.98 🙂
[12:57] r m : I have dropped that idea of shorting below vwap, too much blue
[12:57] Kathir : ok thanks:)
[12:59] Shai : can try small long for 7699 with sl at 7668 cmp 7681
[13:00] Kathir : @Shai whats you view on RBI meet..will there be any change in rates
[13:01] Kathir : @RM your views also please
[13:02] r m : @Kathir, maybe 25 bps reduction or a dovish statement
[13:03] Kathir : reduction will move bnf up right?
[13:04] r m : that will depend on what is already priced in 🙂
[13:04] Kathir : ok 🙂
[13:09] Kathir : @RM nf in 80% trade zone..will it work today?
[13:09] Kathir : val 7684-7734 vah
[13:10] r m : not the ideal sort of day for value trade
[13:10] Kathir : ok thanks
[13:10] r m : that works best on day following normal distribution day
[13:10] Kathir : the moment i asked NF got angry
[13:10] r m : NF suddenly fell for vwap 🙂
[13:10] Kathir : 🙂
[13:11] r m : hardly any volume in that overture 🙂
[13:11] Kathir : Ge bnf activated value trade vah 15346 – on the way
[13:12] Kathir : almost 100 from there
[13:12] r m : yes, BNF at POC
[13:14] Kathir : @RM in case of entry in bnf for 80% trade..what had been the SL today ..day high or IB high
[13:15] r m : first time day high, second time I would have preferred 15383, the pull back high
[13:15] Kathir : ok thanks ge
[13:15] r m : it broke VAH from above around 10 and 11AM
[13:16] Kathir : bnf sems to be uncomfortable in this zone :)..unable to go above 500 strongly and below 15100 also
[13:17] Shai : nf slo taken
[13:19] Kathir : @Shai is it correct to put SL exactly @ vwap?
[13:19] r m : @Kathir, it filled up the low volume area of 15300-15400 from friday, now BNF is waiting for Shai’s further instructions 🙂
[13:19] Kathir : oh great and i am also waiting 🙂
[13:20] Shai : No Kathir always a few points away from vwap is safer
[13:20] Kathir : ok
[13:28] r m : both green again
[13:41] Shai : sellers coming in NF
[13:41] Shai : 7645 likely
[13:41] r m : can short here with vah stop?
[13:42] Shai : yes sl is 7686
[13:42] r m : Thanks
[13:42] Shai : also IB band trade
[13:43] r m : ok
[13:46] r m : blue once again
[13:48] Shai : yeah getting 2 way
[13:49] Shai : evidence of a seller hitting bids above 7688 is there
[13:49] r m : ok
[13:49] Shai : will post chart in a min
[13:49] r m : sure
[13:50] Shai : our confirmation for that is only price below vwap and IBH
[13:50] r m : ok
[13:50] Shai : *price confirmation** that is
[13:51] r m : it came back from below IBH last time, let us see what it does now
[13:51] r m : there was a good volume at 7663 when it fell like a stone earlier!
[13:52] r m : past that now
[13:53] Shai : OF chart of auction above 7685- http://prntscr.com/49dnn5
[13:53] r m : Thanks
[13:54] Shai : 7652 place to cover
[13:54] Shai : there is anomaly at 7630
[13:54] r m : ok
[13:55] Shai : if it gets there another neutral day
[13:58] r m : if it goes to 7630, 2 days composite will again be a balanced profile
[13:58] r m : that is if it goes there prancing up and down like it is doing now 🙂
[13:59] Shai : yes
[13:59] Shai : proper link to that last chart- https://www.dropbox.com/s/hdhrqpl7kcuso90/OF_10min%201.png
[13:59] Shai : Rm you recommend any good screen share software?
[14:00] Shai : I’m tired of lightshot now
[14:00] r m : 🙂
[14:00] Shai : does not work as well as before
[14:01] r m : one way is to use inbuilt screenshot of MS onenote, save it in google drive and share the link but that is also cumbersome
[14:02] Shai : ok
[14:02] Shai : I’ll go back to jing I think
[14:02] r m : ok
[14:02] Shai : Jing was good many years back
[14:02] Shai : haven’t used it off late
[14:03] r m : techies should write a software which an straightaway publish and give a link for the screen grab
[14:03] Shai : 7680 is the seller now
[14:03] Shai : he will try to hold it under vwap
[14:04] Shai : BNF will visit yesterday lows
[14:11] Shai : The annotations on that chart are gone but wnated to point this – (13:49) Shai :evidence of a seller hitting bids above 7688 is there
[14:11] r m : yes
[14:11] r m : there is buying at every low too
[14:12] r m : both in NF and BNF
[14:12] r m : a tug of war with bulls getting pushed lower each time!
[14:13] Shai : yes 7652 holding up
[14:13] Shai : that is good for the bull
[14:13] Shai : still puts 7782F in play
[14:20] r m : @Shai, this VVCap is very simple, posts the screen grab directly on web and opens a window with image and link
[14:20] r m : http://vvcap.net/db/kOvBKkBkZ7B6lTaTNga5.htp
[14:21] r m : the chart is only for demo 🙂
[14:24] Kathir : @RM i thought you have some message through this chart for us 🙂
[14:24] r m : no, just a good screengrap and instant publishing software
[14:25] r m : *screengrab
[14:25] Kathir : 🙂
[14:25] r m : see how fast it works 😀
[14:25] r m : http://vvcap.net/db/D07YC35MHx_HSEI0eFjz.htp
[14:26] Kathir : yes its very fast.nice one
[14:27] r m : @Shai, that seller is at 7688, so in case there is a run on the bank in the last hour, longs can be taken above 7692?
[14:32] r m : bank robbers are here 🙂
[14:32] Kathir : 🙂
[14:33] r m : guess longs should have been taken just above vwap 🙁
[14:33] r m : gifted with 20/20 hindsight 😀
[14:33] Kathir : yeah 🙂
[14:35] Shai : RM prefer those long abv 7699 for 7744
[14:36] r m : Thanks Shai
[14:36] Shai : would go with that 7670 fig
[14:36] Shai : on spot that is
[14:36] r m : ok, that can be played with overnight 7800CE
[14:37] Shai : profile now is nice and rounded
[14:37] Shai : vwap/ dpoc more likely a closing area
[14:37] r m : ok
[14:38] Shai : that is if the seller comes back here
[14:38] Kathir : @Shai bnf buy above 15300 now?
[14:39] Shai : yes Kathir intra for 360 with sl 266
[14:39] Kathir : ok
[14:49] Shai : BNF back in IB
[14:51] Amit J : should i hedge my portfolio with put now or wait for tomorrow
[14:51] Shai : part hedge here
[14:52] Amit J : ok thanks
[14:54] Kathir : @Shai SL for that NF long above 699?
[14:55] Shai : 7683 – but if not in don’t take now
[14:55] Kathir : ok thanks
[14:55] Shai : shorts got squeezed out but no new buying
[14:59] r m : what goes up comes down 😀
[15:00] r m : though there still seems to be some buying in NF
[15:10] Shai : NF wants 7744 today itself?
[15:11] Shai : too close to that vwap band at 3sd
[15:11] r m : looks like that, volumes above 7715, reminds me of the shorts loading at 7715-20 on Friday 🙂
[15:12] Shai : yes
[15:12] Shai : prem shoot up
[15:12] Shai : 36 now
[15:15] r m : @Kathir, your BN trade trying hard to touch VAH
[15:17] Shai : NF has to stay above 7685 tom through RBI
[15:17] Shai : will drop hard below 7685F tom to 7630 quickly
[15:17] Shai : sl for all longs from here is 7685
[15:18] Kathir : @RM yeah it is fighting a lot 🙂
[15:18] Shai : this closing will give MO a rest from -67
[15:18] r m : @Kathir, your sword has pierced the armour of VAH 🙂
[15:19] Kathir : at last 🙂
[15:19] Kathir : Shai gave me trgt of 15360..so its time for me to exit as well
[15:19] r m : patience is rewarded by greenbacks 😀
[15:20] r m : @Shai, here is the download page for that screengrab software VVCap – http://www.vvcap.net/
[15:21] Kathir : @RM today your NF is leader but tomrw bnf will be the super hero 🙂
[15:23] Shai : Thanks RM
[15:23] r m : yeah, but on policy days there is a tradition of a neutral day, one side of IB 2 minutes before announcement and the other side after announcement!
[15:23] r m : welcome Shai
[15:25] Shai : lol
[15:25] Shai : on budget day the initial move turned out to be the true move
[15:25] r m : yes
[15:26] Kathir : LOL
[15:26] Shai : planning to apply wave anlytics tomorrow for the announcement 🙂
[15:26] Shai : wave A first move then wave B then wave C
[15:27] Shai : maybe a d and e also
[15:27] r m : call it MPwaves least you are sued by Eliot’s chelas 😀
[15:27] Shai : provided b does not exceed 50% of A or even 61% 🙂
[15:27] Kathir : Shai shall we buy 7800 ce now for tomrw based on this close
[15:28] Shai : No Kathir
[15:28] Kathir : ok
[15:28] Shai : let this pass
[15:29] Kathir : @RM tomrw morning i am planning to buy some pe of any bank as a lottery..small qty
[15:29] Kathir : sorry its CE
[15:30] Shai : 7724 close
[15:30] Shai : BNF getting sellers at close
[15:31] Shai : Bye all
[15:31] Kiran : Shai, if you can post the chat history and a image of the NF/BNF chart after close that will help.
[15:31] Shai : Kiran chat history is in the premium section
[15:31] Shai : you will find a record there of every day
[15:31] Kathir : Thanks and bye all 🙂
[15:31] r m : Thanks and bye folks, have a great evening 🙂
[15:31] Amit J : BYE
[15:31] Kiran : ys if you can post @ 4 PM then can study with today chart
[15:31] Shai : and charts are in the Paln
[15:32] Shai : ok Kiran
[15:32] Kiran : ok
[15:32] Kiran : thanks
[15:32] Shai : Bye all
[15:32] Shai : Have a nice eve