General Chat Transcript
Room Name: Vtrender
Date and Time: November 21, 2014 09:12:24[08:48] r m : Good Morning folks!
[08:48] r m : http://vtrender.com/levels-and-plan-for-211114/
[08:49] r m : http://vtrender.com/premium/orderflow-charts-and-notes-2011/
[08:50] r m : NF Hypo1 Above 8408➜8430-8433➜8470 SL8392 Hypo2 Below 8408➜8386➜8355 SL 8418
[08:50] Porus : GM all
[08:50] r m : BNF Hypo1 Above 17715➜17750➜17788 SL 17670 Hypo2 Below 17637➜17540➜17499 SL 17697
[08:52] r m : http://vtrender.com/nifty-option-charts-20th-nov-2014/
[08:52] r m : http://vtrender.com/banknifty-option-charts-20th-nov-2014/
[08:55] Sharad : GM
[08:58] Shai : GM all
[08:59] Sharad : RM i can’t find document folder on site …for BNf weekly orderflow chart
[09:00] r m : https://www.dropbox.com/s/ir0pt9zz11kaeu9/swing_BNF_delta.png?dl=0
[09:01] Sharad : where it is on site
[09:01] r m : right bottom
[09:01] r m : you will find Tools & Documents on the menu
[09:02] r m : it is not on the website but right here on omnovia
[09:02] Sharad : ohhh i am searching on site
[09:02] Sharad : Thanks
[09:03] r m : ok
[09:03] r m : welcome
[09:17] Kathir : Good morning Rm and all friends
[09:18] r m : Hi Kathir
[09:19] Sumit : gm everyone
[09:21] r m : looks like OAIR in NF and OAOR in BNF
[09:22] Shai : NF/ BNF were neutral extremes yesterday
[09:22] Shai : also a spike at close
[09:22] r m : BNF trading above spike high
[09:22] Shai : so move abv spike high/ neutral extreme only is continued bullishness
[09:22] r m : ok
[09:27] Shai : IN NF we are lookimg for that long abv 8433 only for 8460/ 70
[09:28] Shai : BNF will have res at 17750 and 17790 but shorts should wait till it comes below 17710 to short
[09:32] Shai : still buyers holding up BNF
[09:32] Shai : No sign of sellers at supply point in BNF
[09:33] Sharad : Shai INR 61.87 where is support ? want to buy
[09:34] Shai : 61.88 is supp
[09:34] Shai : could be the friday effect playing early in usdinr
[09:34] Sharad : 61.85 already
[09:35] Shai : yeslet’s give it some time
[09:35] Sharad : ok
[09:35] Shai : dollar is also coming off
[09:37] Shai : still no sellers in BNF
[09:38] Kathir : BNF
[09:40] Kathir : @SHAI shall we buy bnf 18000 ce for today
[09:41] Shai : yes
[09:41] Kathir : ok thanks
[09:41] Shai : NF in that quick zone abv 8433
[09:42] Shai : 8470
[09:42] Mandar : 8480
[09:43] Mandar : 8484 top
[09:44] Mandar : huge sl ?
[09:44] Shai : still driving up
[09:44] Shai : may go to 8512
[09:44] Mandar : ok
[09:44] Sharad : Shai yesterday i asked you can we go to 8450 ?
[09:45] Sharad : i thought this spike
[09:45] Shai : below 8460 will drop 30 points quickly
[09:45] Kathir : shai bnf Sl for that long above 17790
[09:46] Shai : 17784
[09:46] Kathir : ok thanks
[09:46] Shai : OTF driving up the mkt
[09:46] Shai : may keep it up till 10.15 and leave
[09:47] Kathir : ok
[09:48] Kathir : @shai is this the place do we have to watch delta crefully ?
[09:48] Shai : yes
[09:48] Shai : and vwap
[09:48] Kathir : ok
[09:54] Shai : 17954 booking point for BNF lngs taken if any
[09:56] Shai : these kind of opens are driven by OTF so 90% of the gains should come by 10.15 and then sdeways
[09:56] Shai : 8465- 8485 wasa spike
[09:57] Shai : so auction should stay here
[09:57] Shai : weak below 8460
[09:59] Shai : delta vanishing
[10:01] Sharad : so Shai just spike to remove shorts…
[10:02] Shai : yes
[10:02] Shai : shorts covering
[10:02] Sharad : ok
[10:03] Shai : BNF holding longs still
[10:03] Shai : 17900 spot
[10:03] r m : FII were covering index future shorts since last 2 days http://vtrender.com/wp-content/uploads/2014/11/fiioi7.png
[10:04] Shai : vix back to 14.6 was at 13.3 at open
[10:05] Sharad : RM but FII have bot more than 1 lac contract put in 2-3 days
[10:05] r m : yes
[10:06] Porus : Shai, NF and BNF premium roughly the same at 20-25. What do you infer from this?
[10:06] Sharad : and Shai says 8350 spot expiry….
[10:06] Shai : Porus move driven by calls covering
[10:06] Shai : see vix
[10:08] Kathir : @shai is that 17950-60 can be treated as resistance now for bnf?
[10:09] Shai : after Kotak axis talking with Karnataka bank fr merger
[10:10] Shai : Kanataka bank should see upsides
[10:10] Shai : Yes Kathir
[10:10] Kathir : ok
[10:10] Shai : watch vwap after 10.15
[10:11] Shai : if vwap fails we will go to day low in afternoon
[10:11] Shai : IB done – OTF on break but watching vwap
[10:13] Sharad : Shai’s magic number 17954 done
[10:16] Kathir : YEAH
[10:19] Assortz : Shai, OTF means you refer institutional trades in huge volumes?
[10:20] r m : Other time frame
[10:20] r m : are not local or intraday traders
[10:20] r m : yes, have to be institutional
[10:21] r m : only they have the wherewithal to take market to a new direction
[10:21] Assortz : got it RM
[10:21] Kathir : most of them live in DD 🙂
[10:21] Assortz : yeah I know one sort of 🙂
[10:22] r m : you aready new it Assortz, I only made it sound complicated 😀
[10:22] r m : *knew it
[10:22] Kathir : @Assortz you in which part of TN?
[10:22] Assortz : no 🙂
[10:23] Kathir : algo’s @ 17950 range
[10:23] Assortz : Kathir infact I wanted RM to give intro to you..let me ping you
[10:24] Kathir : ok [email protected]
[10:26] Kathir : @RM where is your private room..please open the room
[10:26] r m : @Assortz, I think i wrote to Kathir and Manik a couple of months back guess they have forgotten by now 🙂
[10:27] Kathir : is it?
[10:27] r m : @Kathir, my name disappeared from up there, guess Omnovia voted me out for talking too much 😀
[10:27] Kathir : lol
[10:27] Assortz : yeah me also didnt write to Kathir..thought of do so once I join here
[10:27] Kathir : or not talking with anyone 🙂
[10:28] r m : let me re-log in maybe Omnovia will forgive me for past sins 🙂
[10:28] Kathir : no pros assortz mail me
[10:28] Kathir : 🙂 ok try then
[10:29] Kathir : @assortz u in chennai?
[10:30] r m : kindness personified this Omnovia, granted immediate pardon 😀
[10:30] Kathir : great
[10:31] Assortz : Kathir sent a PM.
[10:31] Kathir : ok checking
[10:33] Shai : 17951 algos
[10:33] Shai : algo-10 an early supp
[10:33] Shai : round number resistance of 18000 may come abv 17941
[10:34] Shai : technical tgt goes to 18161 if 17940 holds
[10:36] Amit J : shai can u plz check OI change in Banknifty
[10:36] Amit J : 22% rise
[10:37] Amit J : it is full long because prem also moving up
[10:37] Amit J : 1 hr 22% is huge
[10:37] Shai : yes
[10:38] r m : R.I.P. for these writers 🙂 http://vtrender.com/wp-content/uploads/2014/11/18000CE20NOV.png
[10:40] Shai : OI change in BNF- http://screencast.com/t/KphcyRkiXWx
[10:41] Shai : Amit keep tracking news flow around mergers/ acquisitions post kotak
[10:41] Shai : I’m hearing lots of stuff about consolidation
[10:41] Shai : Some 1 here had mentioned about a cbinter meet for psu bannks some time back
[10:42] Shai : (10:09) Shai :after Kotak axis talking with Karnataka bank fr merger
[10:42] Shai : and old news about syndi and sbi too
[10:42] Shai : Amongst others news flow is strong on biocon
[10:44] Amit J : syndicate is false
[10:44] Amit J : but small psu merger is most likely
[10:46] Shai : yes syndi I know
[10:46] Shai : but ktk looks decent
[10:47] Mandar : heard about sbbj and sbi
[10:47] Kathir : @sharad DLF snake is moving
[10:48] Amit J : ktk dhanlaxmi good
[10:52] Sharad : ya Kathir time to short stop 144
[10:53] Kathir : @sharad 144.20 was high so better SL above that i feel
[10:53] Kathir : 144.5 may be good
[10:54] Sharad : ok
[10:54] Sharad : Bot 8400 Put @ 20.50 …I am with FII… They bot 1 lac contract in last 2 days
[10:55] Kathir : did they buy PE
[10:57] Sharad : yes kathir check link that RM gave
[10:58] Kathir : 10:03 r m: FII were covering index future shorts since last 2 days http://vtrender.com/wp-content/uploads/2014/11/fiioi7.png
[10:58] Sharad : yes this one they covered future short and added puts
[10:59] Sharad : bot puts
[10:59] Kathir : ok
[10:59] Sharad : and Shai said yesterday expiry around 8350 Spot
[11:00] Sharad : so minimum 150 points down in NF in 3 days
[11:00] Kathir : yeah remember that
[11:01] Kathir : today afternoon session will confirm that i guess
[11:01] Sharad : Thursday expiry and now a days before thursday all fireworks done
[11:01] Sharad : yes i expect below 8400 today itself … to create 3rd weekly Doji
[11:02] Sharad : so perfect price to short at 8475 stop 8500
[11:03] Kathir : BNFFFFFFFFFFFFFFFFF 18020
[11:04] Kathir : charts there ?
[11:05] Sharad : no
[11:05] r m : looks like BNF traders managed to get a sneak peak inside Rajan’s brain 🙂
[11:06] r m : @Sharad, 85xx was Shai’s target till DEC, guess now NF will begin frustrating late bulls 🙂
[11:06] Sharad : true RM
[11:06] Kathir : yeah
[11:07] Kathir : @rm rajan will now have to think for his meet on 3rd dec
[11:07] Sharad : 8300 is possible but 8100 don’t know
[11:10] r m : @Kathir, Rajan keeps on dropping broad hints that he is not going to cut rates soon, but I guess the low inflation and low credit offtake will make RBI rates redundant if Banks decide to drop lending and borrowing rates
[11:11] Kathir : ok
[11:12] Kathir : @sharad shais trgt is 8512 i guess so may be your Sl can be modified according to that or confirm with Shai
[11:12] Narendra : bnf in hurry to reach shai tgt of 18161
[11:12] Sharad : ok Kathir
[11:14] Shai : Pull back best chance is now MOn
[11:14] Shai : also mon of expiry week if weak can mean a soft expiry week
[11:15] Shai : BN is on fire so that s a problem for bears
[11:15] Shai : 121 delta again day high
[11:22] Chiranthan : 8400 dec pe a good buy now?
[11:27] Shai : charts up?
[11:27] Chiranthan : yes
[11:27] Shai : ok
[11:30] Shai : 8499
[11:30] Shai : getting tricky here in NF and BNF
[11:30] Shai : Not a point to take more than 3 hours of longs and not a point to stop
[11:30] Shai : short*
[11:33] Sharad : BNF has become mad today…
[11:33] Chiranthan : 8400 dec pe a good buy?
[11:34] Shai : No Chairnathan prie not confirming
[11:34] Shai : buy only below 8460 now in Nov F
[11:34] Chiranthan : ok
[11:34] Shai : 18125
[11:34] Amit J : its a trending day right shai. yesteday doji and today open in strength
[11:34] Amit J : can we expect at days high close
[11:34] Shai : yes
[11:35] Shai : yes 90% close at highs provided vwap is not visisted
[11:35] Shai : NF can run in last hour to 8558 also if 8500 sustains
[11:36] Shai : 18161 expected tgt in BNF almost here but longs are staying
[11:44] Kathir : bnf expcts shai to give more trgt it seems
[11:46] Sharad : BNF is all excess, excess , excess
[11:47] Sharad : has to pay price… shold come down below 17000 in december to feel hit to late bulls
[11:48] Shai : massive move from 565
[11:50] Sharad : Shai what do you say for this excess move
[11:50] Sharad : 18161 high
[11:50] Sharad : bingooo Shai exact
[11:50] r m : :)\
[11:51] Kathir : 🙂
[11:51] r m : @Sharad, now Shai will say it is simple auction market theory 🙂
[11:52] Sharad : HAHAHAHAH
[11:52] r m : always wonder why i find it so difficult 😀
[11:52] Porus : RM, youre not alone!
[11:52] r m : yeah, I know 🙂
[11:54] Shai : 🙂
[11:54] Shai : first major pull back from 17550
[11:54] Shai : 18161- 18071= 90 points
[11:55] Shai : max correction now can restrict to 180 points off day hghs
[11:55] Sharad : 7-8 ticks of 1500 to 2000 lot in NF
[11:55] Shai : 17980
[11:55] Sharad : @8484
[11:55] Shai : the red 17964 and vwap is also there
[11:57] Shai : lots of sellers suddenly in NF
[11:58] Sharad : (11:55) Sharad :7-8 ticks of 1500 to 2000 lot in NF
[11:59] Janak : its is a trend day shai – isnt it? so close at day high?
[11:59] Janak : one of those days when bn does 500 pts in a direction?
[12:00] Janak : 750+500 = 18250
[12:03] Sharad : Kathir see DLF …. shorted at 141.60
[12:05] Sharad : NF delta -175
[12:06] Janak : bn!
[12:08] Kathir : @SHARAD good trade man DLF
[12:08] Janak : shai can hold for 18200?
[12:09] Sharad : still holding
[12:10] Kathir : OK
[12:11] Shai : Janak- (10:34) Shai :technical tgt goes to 18161 if 17940 holds
[12:11] Shai : bias abv 18161 now
[12:11] Janak : will it hit day high again as it is a trend-day?
[12:12] Shai : 18050 sl
[12:12] Janak : ok
[12:12] Shai : may stay in age now till alst hour
[12:12] Shai : *range
[12:21] Amit J : shai had a concall with dhanlaxmi md. dhanlaxmi can be a good bet. next qtr will get good treasury profit and npa accretions coming down
[12:23] Kathir : oh thanks amit for the info
[12:32] Janak : “shai had a concall with dhanlaxmi md” shai et tu? since when have u started talking to the mds? ;-
[12:34] Shai : ok Amit
[12:34] Shai : Janak not me Amit had
[12:35] Shai : 2060 is projected target in spx
[12:35] Shai : expiry and friday today will ensure that the few points left get done
[12:36] Shai : post that 70:30 it is back to 2010 else 2100
[12:36] Shai : Dec 2nd week is a good tme for a dip so that santa rally can start
[12:37] Shai : into the year end
[12:51] Janak : bn delta shooting up / nf D going down
[12:51] Janak : shai can part book at 18135?
[12:53] Janak : todenge taale dehradoon wale? ::
[12:54] Porus : Shai, ST view on LIC HSg Fin
[12:55] r m : jab chaabi paas ho to tala kyon todein? 🙂
[12:59] Janak : chaabi 8520 le jaayegi eod?
[13:00] Janak : 100 pts to nf me banta he sirjee
[13:00] Janak : 8512 hi sahi
[13:00] Sharad : Janak if it go above IBH then only possible..
[13:00] Sharad : not crossing IBH even
[13:00] Janak : yeah sharad but it is easier for the mkt to go up here than going down
[13:01] Sharad : and delta -250
[13:01] Sharad : you know Janak whatever is easy….market do otherwise
[13:02] Sharad : market favour few people … then crowd
[13:02] Janak : you mean mkt favor rm…..than janak?
[13:02] Amit J : its my job Janakji. Dhanlaxmi QIP we only completed.
[13:03] Janak : hi amit – thnx – i was just joking man – good to know ur interest
[13:03] Janak : i trade only BN
[13:03] Porus : Janak, why so?
[13:04] Janak : porus just like that – love trading bn
[13:05] Sharad : Shai INR started going higher side 61.92…. what is target bot at 61.88
[13:06] r m : @Janak, aweful man, trading what you love 😀
[13:06] Janak : or loving what i trade 😉
[13:06] Shai : 62.05
[13:06] Janak : nf delta going down fast
[13:06] Sharad : ok Thanks
[13:07] Janak : shai give some buy call in bn man 🙂
[13:07] Janak : only ten mkt will go up
[13:15] Shai : already 440 up
[13:15] Shai : now what? 🙂
[13:15] Janak : 540;;
[13:15] Shai : BN keeps quite once in a while to get bears to look at their charts again
[13:16] Shai : No only Rajan can help bears on dec 2
[13:16] r m : @Janak, you want caesarian performed on the hen laying golden eggs? 😀
[13:16] Janak : ha ha
[13:17] Porus : Shai, pls give ST levels for LIC Hsg FIn
[13:21] Shai : lic hsg has ST supp at 388-394
[13:21] Shai : tgt 427/441 as long as that supp holds
[13:24] Sharad : In 5 minutes speech of Draghi @ 8 GMT
[13:49] Sharad : Reliance moving fast 1003
[13:50] Sharad : 19 rs up today
[14:04] Shai : es and dax at day hihs
[14:14] Shai : aggressive long in NF for 8512/ 8557 with sl of 8468 – 22 point risk
[14:15] Porus : He added the ECB would continue to meet its responsibility: “We will do what we must to raise inflation and inflation expectations as fast as possible, as our price stability mandate requires of us. If on its current trajectory our policy is not effective enough to achieve this, or further risks to the inflation outlook materialise, we would step up the pressure and broaden even more the channels through which we intervene, by altering accordingly the size, pace and composition of our purchases,” Mr Draghi said
[14:15] Shai : short squeeze may come
[14:18] Janak : bn?
[14:18] Shai : China also announced something?
[14:19] Janak : bn to do185/225
[14:19] Janak : ?
[14:22] Shai : buy abv 165
[14:22] Shai : can buy here with sl of 18090
[14:22] Janak : tgt?
[14:23] Janak : looks like there will be ajup to 8510
[14:23] Shai : 18368 Mon
[14:24] Janak : rm would say to bears: “sun raha he tu” 🙂
[14:24] Shai : supply being squeezed
[14:24] Sharad : NF 8603 January
[14:26] Sharad : 3632 lot traded at that NF spike
[14:28] Shai : 8508
[14:29] Shai : -87 squeeze
[14:32] Shai : 8512 cross can open up 8558
[14:32] Janak : bn not supporting
[14:33] r m : bn is like proverbial hare, it is letting tortoise creep ahead 🙂
[14:39] Shai : tgt 1 done- sl at cost- (14:14) Shai :aggressive long in NF for 8512/ 8557 with sl of 8468 – 22 point risk
[14:39] Janak : bn was at 130 at that time – still at 130 🙁
[14:40] Shai : BNf rise abv 161
[14:41] Janak : will it touch 161 again?
[14:51] Shai : Ideal time to buy PE’s in last 15 mins today
[14:52] Chiranthan : strike price?
[14:52] Kathir : nf or bnf ?
[14:54] Shai : NF
[14:54] Shai : 8450 PE
[14:54] Porus : Shai what sort of close are we looking at?
[14:55] Shai : Porus couple of tgts mixing up here in 2 time frames
[14:55] Shai : one was of course 8512 we spoke in the morning
[14:55] Shai : Now if we cross that we ca go to 8558
[14:55] Shai : (09:44) Shai :may go to 8512
[14:56] Shai : (10:34) Shai :technical tgt goes to 18161 if 17940 holds
[14:56] Shai : But you see when shorts are squeezed anything can happen in last 45 mns
[14:56] Shai : so still open to higher numbers
[14:57] Porus : which means that we can still close at the highs?
[14:58] Shai : yes – this kind of day closes at highs
[15:00] Porus : BNF delta fallen in this one move down. Longs exiting?
[15:01] Shai : yes booking profilts
[15:01] Shai : could play between 17960- 18300 rest of expiry now
[15:04] Shai : es has done 2059.5
[15:04] Shai : we have to pay attention to the auction around 2060
[15:04] Shai : Both spx and Nifty have started this leg up together from 7723
[15:07] Kathir : a
[15:07] Porus : 2060 on es index or future?
[15:08] r m : (*** Private to Kathir ) got cut off due internet
[15:08] Shai : F
[15:09] Porus : ok
[15:09] Sharad : 2059 todays high
[15:09] Shai : Most probabaly it should begin a leg down to 2010
[15:15] Shai : Buy ths epe’s now
[15:15] Kathir : this month right from begining our market has threatenned the shorts and now people are afraid to take shorts or PE 🙂
[15:15] Shai : profit booking into close
[15:18] Shai : weekly OI change chart – http://screencast.com/t/gQBoWXqk6Mi9
[15:18] Shai : 8500 ce holding still
[15:24] Shai : last few mins instead of the expected bear squeeze it’s the longs of the morning booking prfits
[15:24] Shai : BNF 247 to 70
[15:24] Shai : NF -162
[15:24] Kathir : shai hold pe for monday?
[15:25] Shai : next week we will track FP charts of dec
[15:25] Shai : Kathir yes 1 visit to 8460/70 duw
[15:25] Kathir : ok thanks
[15:25] Shai : at 8484 only 14 left
[15:25] Kathir : how abt bnf shai
[15:26] Shai : 8445 spot imp number for Mon
[15:26] Shai : just abv prev res
[15:26] Shai : 17960 supp in BNF
[15:26] Kathir : ok
[15:26] Shai : should come down once on MOn
[15:27] Shai : spot : ‘Resistance likely to play out first near 8438 and if crossed near 8544-8580 spot.Support for the index in the coming week will be at 8361 and 8323.;
[15:27] Shai : 8438-8444 zone now
[15:28] Shai : BN weekly view : For the coming week the auction has support at 17430 and at 17244 if 17430 gets broken down. Resistance to the upmove will be the same 17651. However a cross of 17651 can invite a higher target of 18067 spot before the Month runs out.
[15:29] Shai : 17469 low and monthly tgt also done
[15:30] Shai : Bye all
[15:30] Shai : Have a nice weekend
[15:30] Porus : bye
[15:30] Kathir : Thabks andbye all
Date and Time: November 21, 2014 09:12:24[08:48] r m : Good Morning folks!
[08:48] r m : http://vtrender.com/levels-and-plan-for-211114/
[08:49] r m : http://vtrender.com/premium/orderflow-charts-and-notes-2011/
[08:50] r m : NF Hypo1 Above 8408➜8430-8433➜8470 SL8392 Hypo2 Below 8408➜8386➜8355 SL 8418
[08:50] Porus : GM all
[08:50] r m : BNF Hypo1 Above 17715➜17750➜17788 SL 17670 Hypo2 Below 17637➜17540➜17499 SL 17697
[08:52] r m : http://vtrender.com/nifty-option-charts-20th-nov-2014/
[08:52] r m : http://vtrender.com/banknifty-option-charts-20th-nov-2014/
[08:55] Sharad : GM
[08:58] Shai : GM all
[08:59] Sharad : RM i can’t find document folder on site …for BNf weekly orderflow chart
[09:00] r m : https://www.dropbox.com/s/ir0pt9zz11kaeu9/swing_BNF_delta.png?dl=0
[09:01] Sharad : where it is on site
[09:01] r m : right bottom
[09:01] r m : you will find Tools & Documents on the menu
[09:02] r m : it is not on the website but right here on omnovia
[09:02] Sharad : ohhh i am searching on site
[09:02] Sharad : Thanks
[09:03] r m : ok
[09:03] r m : welcome
[09:17] Kathir : Good morning Rm and all friends
[09:18] r m : Hi Kathir
[09:19] Sumit : gm everyone
[09:21] r m : looks like OAIR in NF and OAOR in BNF
[09:22] Shai : NF/ BNF were neutral extremes yesterday
[09:22] Shai : also a spike at close
[09:22] r m : BNF trading above spike high
[09:22] Shai : so move abv spike high/ neutral extreme only is continued bullishness
[09:22] r m : ok
[09:27] Shai : IN NF we are lookimg for that long abv 8433 only for 8460/ 70
[09:28] Shai : BNF will have res at 17750 and 17790 but shorts should wait till it comes below 17710 to short
[09:32] Shai : still buyers holding up BNF
[09:32] Shai : No sign of sellers at supply point in BNF
[09:33] Sharad : Shai INR 61.87 where is support ? want to buy
[09:34] Shai : 61.88 is supp
[09:34] Shai : could be the friday effect playing early in usdinr
[09:34] Sharad : 61.85 already
[09:35] Shai : yeslet’s give it some time
[09:35] Sharad : ok
[09:35] Shai : dollar is also coming off
[09:37] Shai : still no sellers in BNF
[09:38] Kathir : BNF
[09:40] Kathir : @SHAI shall we buy bnf 18000 ce for today
[09:41] Shai : yes
[09:41] Kathir : ok thanks
[09:41] Shai : NF in that quick zone abv 8433
[09:42] Shai : 8470
[09:42] Mandar : 8480
[09:43] Mandar : 8484 top
[09:44] Mandar : huge sl ?
[09:44] Shai : still driving up
[09:44] Shai : may go to 8512
[09:44] Mandar : ok
[09:44] Sharad : Shai yesterday i asked you can we go to 8450 ?
[09:45] Sharad : i thought this spike
[09:45] Shai : below 8460 will drop 30 points quickly
[09:45] Kathir : shai bnf Sl for that long above 17790
[09:46] Shai : 17784
[09:46] Kathir : ok thanks
[09:46] Shai : OTF driving up the mkt
[09:46] Shai : may keep it up till 10.15 and leave
[09:47] Kathir : ok
[09:48] Kathir : @shai is this the place do we have to watch delta crefully ?
[09:48] Shai : yes
[09:48] Shai : and vwap
[09:48] Kathir : ok
[09:54] Shai : 17954 booking point for BNF lngs taken if any
[09:56] Shai : these kind of opens are driven by OTF so 90% of the gains should come by 10.15 and then sdeways
[09:56] Shai : 8465- 8485 wasa spike
[09:57] Shai : so auction should stay here
[09:57] Shai : weak below 8460
[09:59] Shai : delta vanishing
[10:01] Sharad : so Shai just spike to remove shorts…
[10:02] Shai : yes
[10:02] Shai : shorts covering
[10:02] Sharad : ok
[10:03] Shai : BNF holding longs still
[10:03] Shai : 17900 spot
[10:03] r m : FII were covering index future shorts since last 2 days http://vtrender.com/wp-content/uploads/2014/11/fiioi7.png
[10:04] Shai : vix back to 14.6 was at 13.3 at open
[10:05] Sharad : RM but FII have bot more than 1 lac contract put in 2-3 days
[10:05] r m : yes
[10:06] Porus : Shai, NF and BNF premium roughly the same at 20-25. What do you infer from this?
[10:06] Sharad : and Shai says 8350 spot expiry….
[10:06] Shai : Porus move driven by calls covering
[10:06] Shai : see vix
[10:08] Kathir : @shai is that 17950-60 can be treated as resistance now for bnf?
[10:09] Shai : after Kotak axis talking with Karnataka bank fr merger
[10:10] Shai : Kanataka bank should see upsides
[10:10] Shai : Yes Kathir
[10:10] Kathir : ok
[10:10] Shai : watch vwap after 10.15
[10:11] Shai : if vwap fails we will go to day low in afternoon
[10:11] Shai : IB done – OTF on break but watching vwap
[10:13] Sharad : Shai’s magic number 17954 done
[10:16] Kathir : YEAH
[10:19] Assortz : Shai, OTF means you refer institutional trades in huge volumes?
[10:20] r m : Other time frame
[10:20] r m : are not local or intraday traders
[10:20] r m : yes, have to be institutional
[10:21] r m : only they have the wherewithal to take market to a new direction
[10:21] Assortz : got it RM
[10:21] Kathir : most of them live in DD 🙂
[10:21] Assortz : yeah I know one sort of 🙂
[10:22] r m : you aready new it Assortz, I only made it sound complicated 😀
[10:22] r m : *knew it
[10:22] Kathir : @Assortz you in which part of TN?
[10:22] Assortz : no 🙂
[10:23] Kathir : algo’s @ 17950 range
[10:23] Assortz : Kathir infact I wanted RM to give intro to you..let me ping you
[10:24] Kathir : ok [email protected]
[10:26] Kathir : @RM where is your private room..please open the room
[10:26] r m : @Assortz, I think i wrote to Kathir and Manik a couple of months back guess they have forgotten by now 🙂
[10:27] Kathir : is it?
[10:27] r m : @Kathir, my name disappeared from up there, guess Omnovia voted me out for talking too much 😀
[10:27] Kathir : lol
[10:27] Assortz : yeah me also didnt write to Kathir..thought of do so once I join here
[10:27] Kathir : or not talking with anyone 🙂
[10:28] r m : let me re-log in maybe Omnovia will forgive me for past sins 🙂
[10:28] Kathir : no pros assortz mail me
[10:28] Kathir : 🙂 ok try then
[10:29] Kathir : @assortz u in chennai?
[10:30] r m : kindness personified this Omnovia, granted immediate pardon 😀
[10:30] Kathir : great
[10:31] Assortz : Kathir sent a PM.
[10:31] Kathir : ok checking
[10:33] Shai : 17951 algos
[10:33] Shai : algo-10 an early supp
[10:33] Shai : round number resistance of 18000 may come abv 17941
[10:34] Shai : technical tgt goes to 18161 if 17940 holds
[10:36] Amit J : shai can u plz check OI change in Banknifty
[10:36] Amit J : 22% rise
[10:37] Amit J : it is full long because prem also moving up
[10:37] Amit J : 1 hr 22% is huge
[10:37] Shai : yes
[10:38] r m : R.I.P. for these writers 🙂 http://vtrender.com/wp-content/uploads/2014/11/18000CE20NOV.png
[10:40] Shai : OI change in BNF- http://screencast.com/t/KphcyRkiXWx
[10:41] Shai : Amit keep tracking news flow around mergers/ acquisitions post kotak
[10:41] Shai : I’m hearing lots of stuff about consolidation
[10:41] Shai : Some 1 here had mentioned about a cbinter meet for psu bannks some time back
[10:42] Shai : (10:09) Shai :after Kotak axis talking with Karnataka bank fr merger
[10:42] Shai : and old news about syndi and sbi too
[10:42] Shai : Amongst others news flow is strong on biocon
[10:44] Amit J : syndicate is false
[10:44] Amit J : but small psu merger is most likely
[10:46] Shai : yes syndi I know
[10:46] Shai : but ktk looks decent
[10:47] Mandar : heard about sbbj and sbi
[10:47] Kathir : @sharad DLF snake is moving
[10:48] Amit J : ktk dhanlaxmi good
[10:52] Sharad : ya Kathir time to short stop 144
[10:53] Kathir : @sharad 144.20 was high so better SL above that i feel
[10:53] Kathir : 144.5 may be good
[10:54] Sharad : ok
[10:54] Sharad : Bot 8400 Put @ 20.50 …I am with FII… They bot 1 lac contract in last 2 days
[10:55] Kathir : did they buy PE
[10:57] Sharad : yes kathir check link that RM gave
[10:58] Kathir : 10:03 r m: FII were covering index future shorts since last 2 days http://vtrender.com/wp-content/uploads/2014/11/fiioi7.png
[10:58] Sharad : yes this one they covered future short and added puts
[10:59] Sharad : bot puts
[10:59] Kathir : ok
[10:59] Sharad : and Shai said yesterday expiry around 8350 Spot
[11:00] Sharad : so minimum 150 points down in NF in 3 days
[11:00] Kathir : yeah remember that
[11:01] Kathir : today afternoon session will confirm that i guess
[11:01] Sharad : Thursday expiry and now a days before thursday all fireworks done
[11:01] Sharad : yes i expect below 8400 today itself … to create 3rd weekly Doji
[11:02] Sharad : so perfect price to short at 8475 stop 8500
[11:03] Kathir : BNFFFFFFFFFFFFFFFFF 18020
[11:04] Kathir : charts there ?
[11:05] Sharad : no
[11:05] r m : looks like BNF traders managed to get a sneak peak inside Rajan’s brain 🙂
[11:06] r m : @Sharad, 85xx was Shai’s target till DEC, guess now NF will begin frustrating late bulls 🙂
[11:06] Sharad : true RM
[11:06] Kathir : yeah
[11:07] Kathir : @rm rajan will now have to think for his meet on 3rd dec
[11:07] Sharad : 8300 is possible but 8100 don’t know
[11:10] r m : @Kathir, Rajan keeps on dropping broad hints that he is not going to cut rates soon, but I guess the low inflation and low credit offtake will make RBI rates redundant if Banks decide to drop lending and borrowing rates
[11:11] Kathir : ok
[11:12] Kathir : @sharad shais trgt is 8512 i guess so may be your Sl can be modified according to that or confirm with Shai
[11:12] Narendra : bnf in hurry to reach shai tgt of 18161
[11:12] Sharad : ok Kathir
[11:14] Shai : Pull back best chance is now MOn
[11:14] Shai : also mon of expiry week if weak can mean a soft expiry week
[11:15] Shai : BN is on fire so that s a problem for bears
[11:15] Shai : 121 delta again day high
[11:22] Chiranthan : 8400 dec pe a good buy now?
[11:27] Shai : charts up?
[11:27] Chiranthan : yes
[11:27] Shai : ok
[11:30] Shai : 8499
[11:30] Shai : getting tricky here in NF and BNF
[11:30] Shai : Not a point to take more than 3 hours of longs and not a point to stop
[11:30] Shai : short*
[11:33] Sharad : BNF has become mad today…
[11:33] Chiranthan : 8400 dec pe a good buy?
[11:34] Shai : No Chairnathan prie not confirming
[11:34] Shai : buy only below 8460 now in Nov F
[11:34] Chiranthan : ok
[11:34] Shai : 18125
[11:34] Amit J : its a trending day right shai. yesteday doji and today open in strength
[11:34] Amit J : can we expect at days high close
[11:34] Shai : yes
[11:35] Shai : yes 90% close at highs provided vwap is not visisted
[11:35] Shai : NF can run in last hour to 8558 also if 8500 sustains
[11:36] Shai : 18161 expected tgt in BNF almost here but longs are staying
[11:44] Kathir : bnf expcts shai to give more trgt it seems
[11:46] Sharad : BNF is all excess, excess , excess
[11:47] Sharad : has to pay price… shold come down below 17000 in december to feel hit to late bulls
[11:48] Shai : massive move from 565
[11:50] Sharad : Shai what do you say for this excess move
[11:50] Sharad : 18161 high
[11:50] Sharad : bingooo Shai exact
[11:50] r m : :)\
[11:51] Kathir : 🙂
[11:51] r m : @Sharad, now Shai will say it is simple auction market theory 🙂
[11:52] Sharad : HAHAHAHAH
[11:52] r m : always wonder why i find it so difficult 😀
[11:52] Porus : RM, youre not alone!
[11:52] r m : yeah, I know 🙂
[11:54] Shai : 🙂
[11:54] Shai : first major pull back from 17550
[11:54] Shai : 18161- 18071= 90 points
[11:55] Shai : max correction now can restrict to 180 points off day hghs
[11:55] Sharad : 7-8 ticks of 1500 to 2000 lot in NF
[11:55] Shai : 17980
[11:55] Sharad : @8484
[11:55] Shai : the red 17964 and vwap is also there
[11:57] Shai : lots of sellers suddenly in NF
[11:58] Sharad : (11:55) Sharad :7-8 ticks of 1500 to 2000 lot in NF
[11:59] Janak : its is a trend day shai – isnt it? so close at day high?
[11:59] Janak : one of those days when bn does 500 pts in a direction?
[12:00] Janak : 750+500 = 18250
[12:03] Sharad : Kathir see DLF …. shorted at 141.60
[12:05] Sharad : NF delta -175
[12:06] Janak : bn!
[12:08] Kathir : @SHARAD good trade man DLF
[12:08] Janak : shai can hold for 18200?
[12:09] Sharad : still holding
[12:10] Kathir : OK
[12:11] Shai : Janak- (10:34) Shai :technical tgt goes to 18161 if 17940 holds
[12:11] Shai : bias abv 18161 now
[12:11] Janak : will it hit day high again as it is a trend-day?
[12:12] Shai : 18050 sl
[12:12] Janak : ok
[12:12] Shai : may stay in age now till alst hour
[12:12] Shai : *range
[12:21] Amit J : shai had a concall with dhanlaxmi md. dhanlaxmi can be a good bet. next qtr will get good treasury profit and npa accretions coming down
[12:23] Kathir : oh thanks amit for the info
[12:32] Janak : “shai had a concall with dhanlaxmi md” shai et tu? since when have u started talking to the mds? ;-
[12:34] Shai : ok Amit
[12:34] Shai : Janak not me Amit had
[12:35] Shai : 2060 is projected target in spx
[12:35] Shai : expiry and friday today will ensure that the few points left get done
[12:36] Shai : post that 70:30 it is back to 2010 else 2100
[12:36] Shai : Dec 2nd week is a good tme for a dip so that santa rally can start
[12:37] Shai : into the year end
[12:51] Janak : bn delta shooting up / nf D going down
[12:51] Janak : shai can part book at 18135?
[12:53] Janak : todenge taale dehradoon wale? ::
[12:54] Porus : Shai, ST view on LIC HSg Fin
[12:55] r m : jab chaabi paas ho to tala kyon todein? 🙂
[12:59] Janak : chaabi 8520 le jaayegi eod?
[13:00] Janak : 100 pts to nf me banta he sirjee
[13:00] Janak : 8512 hi sahi
[13:00] Sharad : Janak if it go above IBH then only possible..
[13:00] Sharad : not crossing IBH even
[13:00] Janak : yeah sharad but it is easier for the mkt to go up here than going down
[13:01] Sharad : and delta -250
[13:01] Sharad : you know Janak whatever is easy….market do otherwise
[13:02] Sharad : market favour few people … then crowd
[13:02] Janak : you mean mkt favor rm…..than janak?
[13:02] Amit J : its my job Janakji. Dhanlaxmi QIP we only completed.
[13:03] Janak : hi amit – thnx – i was just joking man – good to know ur interest
[13:03] Janak : i trade only BN
[13:03] Porus : Janak, why so?
[13:04] Janak : porus just like that – love trading bn
[13:05] Sharad : Shai INR started going higher side 61.92…. what is target bot at 61.88
[13:06] r m : @Janak, aweful man, trading what you love 😀
[13:06] Janak : or loving what i trade 😉
[13:06] Shai : 62.05
[13:06] Janak : nf delta going down fast
[13:06] Sharad : ok Thanks
[13:07] Janak : shai give some buy call in bn man 🙂
[13:07] Janak : only ten mkt will go up
[13:15] Shai : already 440 up
[13:15] Shai : now what? 🙂
[13:15] Janak : 540;;
[13:15] Shai : BN keeps quite once in a while to get bears to look at their charts again
[13:16] Shai : No only Rajan can help bears on dec 2
[13:16] r m : @Janak, you want caesarian performed on the hen laying golden eggs? 😀
[13:16] Janak : ha ha
[13:17] Porus : Shai, pls give ST levels for LIC Hsg FIn
[13:21] Shai : lic hsg has ST supp at 388-394
[13:21] Shai : tgt 427/441 as long as that supp holds
[13:24] Sharad : In 5 minutes speech of Draghi @ 8 GMT
[13:49] Sharad : Reliance moving fast 1003
[13:50] Sharad : 19 rs up today
[14:04] Shai : es and dax at day hihs
[14:14] Shai : aggressive long in NF for 8512/ 8557 with sl of 8468 – 22 point risk
[14:15] Porus : He added the ECB would continue to meet its responsibility: “We will do what we must to raise inflation and inflation expectations as fast as possible, as our price stability mandate requires of us. If on its current trajectory our policy is not effective enough to achieve this, or further risks to the inflation outlook materialise, we would step up the pressure and broaden even more the channels through which we intervene, by altering accordingly the size, pace and composition of our purchases,” Mr Draghi said
[14:15] Shai : short squeeze may come
[14:18] Janak : bn?
[14:18] Shai : China also announced something?
[14:19] Janak : bn to do185/225
[14:19] Janak : ?
[14:22] Shai : buy abv 165
[14:22] Shai : can buy here with sl of 18090
[14:22] Janak : tgt?
[14:23] Janak : looks like there will be ajup to 8510
[14:23] Shai : 18368 Mon
[14:24] Janak : rm would say to bears: “sun raha he tu” 🙂
[14:24] Shai : supply being squeezed
[14:24] Sharad : NF 8603 January
[14:26] Sharad : 3632 lot traded at that NF spike
[14:28] Shai : 8508
[14:29] Shai : -87 squeeze
[14:32] Shai : 8512 cross can open up 8558
[14:32] Janak : bn not supporting
[14:33] r m : bn is like proverbial hare, it is letting tortoise creep ahead 🙂
[14:39] Shai : tgt 1 done- sl at cost- (14:14) Shai :aggressive long in NF for 8512/ 8557 with sl of 8468 – 22 point risk
[14:39] Janak : bn was at 130 at that time – still at 130 🙁
[14:40] Shai : BNf rise abv 161
[14:41] Janak : will it touch 161 again?
[14:51] Shai : Ideal time to buy PE’s in last 15 mins today
[14:52] Chiranthan : strike price?
[14:52] Kathir : nf or bnf ?
[14:54] Shai : NF
[14:54] Shai : 8450 PE
[14:54] Porus : Shai what sort of close are we looking at?
[14:55] Shai : Porus couple of tgts mixing up here in 2 time frames
[14:55] Shai : one was of course 8512 we spoke in the morning
[14:55] Shai : Now if we cross that we ca go to 8558
[14:55] Shai : (09:44) Shai :may go to 8512
[14:56] Shai : (10:34) Shai :technical tgt goes to 18161 if 17940 holds
[14:56] Shai : But you see when shorts are squeezed anything can happen in last 45 mns
[14:56] Shai : so still open to higher numbers
[14:57] Porus : which means that we can still close at the highs?
[14:58] Shai : yes – this kind of day closes at highs
[15:00] Porus : BNF delta fallen in this one move down. Longs exiting?
[15:01] Shai : yes booking profilts
[15:01] Shai : could play between 17960- 18300 rest of expiry now
[15:04] Shai : es has done 2059.5
[15:04] Shai : we have to pay attention to the auction around 2060
[15:04] Shai : Both spx and Nifty have started this leg up together from 7723
[15:07] Kathir : a
[15:07] Porus : 2060 on es index or future?
[15:08] r m : (*** Private to Kathir ) got cut off due internet
[15:08] Shai : F
[15:09] Porus : ok
[15:09] Sharad : 2059 todays high
[15:09] Shai : Most probabaly it should begin a leg down to 2010
[15:15] Shai : Buy ths epe’s now
[15:15] Kathir : this month right from begining our market has threatenned the shorts and now people are afraid to take shorts or PE 🙂
[15:15] Shai : profit booking into close
[15:18] Shai : weekly OI change chart – http://screencast.com/t/gQBoWXqk6Mi9
[15:18] Shai : 8500 ce holding still
[15:24] Shai : last few mins instead of the expected bear squeeze it’s the longs of the morning booking prfits
[15:24] Shai : BNF 247 to 70
[15:24] Shai : NF -162
[15:24] Kathir : shai hold pe for monday?
[15:25] Shai : next week we will track FP charts of dec
[15:25] Shai : Kathir yes 1 visit to 8460/70 duw
[15:25] Kathir : ok thanks
[15:25] Shai : at 8484 only 14 left
[15:25] Kathir : how abt bnf shai
[15:26] Shai : 8445 spot imp number for Mon
[15:26] Shai : just abv prev res
[15:26] Shai : 17960 supp in BNF
[15:26] Kathir : ok
[15:26] Shai : should come down once on MOn
[15:27] Shai : spot : ‘Resistance likely to play out first near 8438 and if crossed near 8544-8580 spot.Support for the index in the coming week will be at 8361 and 8323.;
[15:27] Shai : 8438-8444 zone now
[15:28] Shai : BN weekly view : For the coming week the auction has support at 17430 and at 17244 if 17430 gets broken down. Resistance to the upmove will be the same 17651. However a cross of 17651 can invite a higher target of 18067 spot before the Month runs out.
[15:29] Shai : 17469 low and monthly tgt also done
[15:30] Shai : Bye all
[15:30] Shai : Have a nice weekend
[15:30] Porus : bye
[15:30] Kathir : Thabks andbye all