General Chat Transcript
Date and Time: April 01, 2015 09:02:03
[08:34] r m : Good Morning folks!
[08:35] r m : http://vtrender.com/levels-plan-21april/
[08:35] r m : http://vtrender.com/premium/orderflow-charts-and-notes-3103/
[08:35] r m : Nifty APR Future levels Key Reference Area 8536 DOWN Hypo1 below 8536➜8498➜8452 SL 8563 UP Hypo2 above 8563➜8602➜8630 SL 8530
[08:35] r m : Banknifty APR Future levels KRA 18370 UP Hypo1 above 18370➜18420➜18550 SL 18270 DOWN Hypo2 below 18220➜18128➜18000 SL 18350
[08:41] Porus : Good Morning RM and all
[08:44] r m : Hi Porus
[08:51] Kathir : GM RM porus…
[08:55] r m : Hi Kathir
[08:55] Porus : Hi Kathir
[09:00] Kathir : @porus which city you are in?
[09:04] Shai : GM all
[09:04] Porus : @Kathir, Mumbai
[09:04] Kathir : ok porus
[09:07] RK : GM Shai,RM and all
[09:07] r m : Hi RK
[09:07] Kathir : Hi Shai RK all friends
[09:08] Kathir : @RM any updates about land bill
[09:08] Tejpreet : GM all.
[09:08] r m : ordinance has been approved again by cabinet with a few amendments
[09:08] Kathir : sgx trading – 20
[09:09] RK : Hi KAthir
[09:09] r m : but it will never be passed by Rajya Sabha
[09:09] Kathir : ok so not positive for real estate stocks at present
[09:09] r m : Govt will try to convince stakeholders (farmers) first and then call for joint session
[09:10] Kathir : farmers means – any representative for whole indian farmers?
[09:10] r m : @Kathir, for trading pupose any news can be traded, even rumor of ordinance 🙂
[09:10] Kathir : 🙂
[09:11] Sharad : GM all
[09:11] r m : I think they will try to contact farmers in different part of country thru their MP, MLAs etc.
[09:11] Kathir : ok
[09:12] r m : all parties claim to represent Indian farmers yet farmers continue to quit farming for petty jobs in city
[09:13] Kathir : true
[09:14] Kathir : @shai 8498 nf visit possible?
[09:15] Shai : 8536 and 8563 2 important points for the morning
[09:15] Shai : we will be weak below 8536 and gets marginal strength abv 8563
[09:17] Shai : 8522 has an early morning buyer
[09:19] Shai : More weakness in BNF is 18220 breaks
[09:20] Shai : 18350 val
[09:22] Kathir : @shai any chance for up move in unitech technically
[09:24] Shai : yes 17.3 possible with sl of 15.6
[09:24] Amit J : spot holding 8473
[09:24] Kathir : ok thanks
[09:24] Amit J : shai your view on frl plz
[09:24] Kathir : amit 8460 shai ref as spot support yest
[09:26] Kathir : @sharad today holiday for currency trading?
[09:26] r m : Yes Kathir
[09:26] Kathir : ok ji
[09:27] Shai : FRL big supply at 101- 104
[09:27] Shai : tis move can dip to 94.6 so not a safe buy here at this price
[09:27] Shai : 99.6
[09:29] Amit J : thanks
[09:29] Amit J : buy above 104 right
[09:30] Shai : yes
[09:30] Shai : then upto 116 possible
[09:30] Shai : or buy lower if 94 holds
[09:30] Amit J : ok
[09:36] RK : Shai levels above 3552 for DRREDDY pls..seems in a drive
[09:38] r m : @RK, it should be renamed DRGAP 🙂
[09:40] RK : RM..Yes..thats true..mostly within control and someday way beyond your SL 🙂
[09:41] r m : I think it is better stock for intra
[09:41] Sharad : Yes Kathir 3 days closed Currency markets
[09:41] RK : RM big adv is once the trend sets in..it rarely eats your SL..
[09:41] r m : ok
[09:42] Kathir : sharad ok thanks
[09:42] Kathir : @RM since banks closed today ..possible for a low volume or less movement day today?
[09:42] Kathir : and next four days holiday as well?
[09:43] r m : yes Kathir, also 7th RBI day, big guys will just be shuffling around playing musical chairs 🙂
[09:43] Kathir : ok
[09:44] r m : yesterday only FII bought some index longs, Clients covered both short and long index futures!
[09:45] Kathir : almost no psition clients
[09:47] Kathir : @rk you hold drreddy long?
[09:50] RK : shorts reversed to long yday Kathir
[09:53] Porus : Shai, wll the old POC 18320 in bnf provide support?
[09:54] Amit J : shai 80% above val?
[09:54] Amit J : in bn
[09:55] r m : @Amit, 80% works better on balanced days, yesterday was not one I think
[09:56] Amit J : ok
[09:56] r m : hypo gives chance to longs above 370
[09:56] Shai : Markets balancing now
[09:56] Shai : No big edge in positional direction up or down
[09:56] r m : ok
[09:57] Shai : roughly 18200- 18700 range now in BNF
[09:57] Shai : 8452 – 8640 now in NF
[09:57] Shai : F prices
[09:58] Shai : these 200 points should occupy all the volume
[10:00] Shai : Trade idea for that balance is to short the 8500 straddle and buy protection at 8800 ce and 8200 Pe
[10:01] Shai : 8800/ 8200 should hold lossess if fast unfavorable outcome generates but is more like an insurance sum paid as it could lose value quickly
[10:02] Shai : besiddes multi day holiday helps the 8500 ce/ pe
[10:03] Varun : will 80 rule apply in bnf @shai
[10:04] Amit J : 09:55 r m: @Amit, 80% works better on balanced days, yesterday was not one I think
[10:05] r m : @Amit, I read only yesterday’s profile, Shai reads what is happening right now too 🙂
[10:06] Amit J : but sellers coming at vah
[10:06] Amit J : sorry val
[10:07] r m : yes
[10:07] Shai : Varun rule applies more when there is value creation
[10:07] Shai : odds increase of end to end
[10:07] Shai : else where it can stop at or near POC
[10:08] Shai : 18370 to 18420 is a trade after IB
[10:08] Varun : thanks
[10:08] Shai : should see sellling at 18420- 18440 and if crossed then 18550 possible
[11:01] Janak : shai day can end around 18k?
[11:01] Janak : what does FII acitivity suggest?
[11:02] r m : (*** Private to Janak ) @Janak, Shai is away from room
[11:02] r m : @Janak, FII did not short yesterday
[11:09] Janak : this shd work Hypo2 below 18220➜18128➜18000 SL 18350
[11:12] r m : only if balance breaks
[11:12] r m : (09:57) Shai :roughly 18200- 18700 range now in BNF
[11:13] r m : guess it should collect many shorts at higher range before 220 breaks 🙂
[11:13] r m : like yesterday!
[11:21] Janak : then who sold bn yday from 625 to 260 in 30 min?
[11:24] r m : Janak!
[11:24] r m : there was long reduction by Prop traders as well as clients
[11:24] RK : Shai psl advise next potential levels for DRREDDY on top and HCL at bottom?
[11:24] RK : *pls
[11:25] r m : (*** Private to RK ) Shai is away till afternoon
[11:26] Janak : thnkx rm
[11:27] r m : welcome
[11:29] r m : http://screencast.com/t/B810eEC2zO
[11:32] r m : looks like Janak’s friends are here 🙂
[11:38] Tejpreet : Prop client sell figures are short or their stop losses for longs trigerred in the fall all the way from 650.
[11:40] r m : they are ot shorts but reduction of both long and short OI for clients
[11:40] r m : *not
[11:41] r m : I think they are lightening positions ahead of RBI meet
[11:42] Tejpreet : Ok got it …these buy sell figures are really confusing 🙂
[11:42] r m : http://screencast.com/t/B810eEC2zO
[11:42] Amit J : OI decreased broadbased due to position unwinding.
[11:42] Amit J : before event and due to holiday
[11:42] r m : look at this page, confusion removed in this page 🙂
[11:43] r m : yes Amit
[11:43] Tejpreet : Thanks Rm
[11:43] r m : welcome
[11:48] Amit J : buy banknifty with vwap sl?
[11:51] r m : @Amit, may be better above IBH
[11:51] r m : if it does not meet sellers here
[11:52] RK : 420-550 maybe good trade with IBH SL
[11:52] r m : ok
[11:53] r m : 420 is always a good level 🙂
[11:53] RK : green of just started and when we get 420 it may be matured with curve
[11:53] RK : lol
[11:53] r m : yes
[11:54] r m : also we’ll know how sellers behaved at day high
[11:54] RK : yes
[11:57] Amit J : we maintained val and so many buyers were visible at vwap. it was a clean trade’
[11:58] r m : ok 🙂
[11:59] RK : if it holds IBH-10 then zoom 🙂
[11:59] Amit J : highest writing shifted to 8400
[12:24] Janak : delta doesnt support buy here
[12:39] Janak : DOWN Hypo1 below 8536➜8498➜8452 SL 8563
[12:42] r m : NF is going nowhere, did not move with Europe open too
[12:46] r m : stuck at KRA 8536
[12:46] r m : 8548
[12:51] r m : 8574!
[12:51] r m : with red splattered all the way up
[12:51] Janak : crazy 50 pts up – it can fall also fast?
[12:52] r m : I guess so, at least that must be the intention of that 108600 guy
[12:57] Janak : only a fast sell like yday can stop this
[12:58] r m : DAX is trying to crawl out of the pit
[13:01] Janak : (10:08) Shai :should see sellling at 18420- 18440 and if crossed then 18550 possible
[13:06] RK : machines are playing here with prices jumping in BNf
[13:07] r m : Terminator – V (Algos ruling white house):)
[13:23] r m : 3IB with the help of zeros and reds!!
[13:30] r m : 18550
[13:31] RK : 18624 yesterday exhaustion
[13:34] Janak : yeah – what a move!
[13:34] Janak : 8602/18625
[13:39] Janak : test
[13:39] Janak : frozen
[13:39] r m : yes
[13:46] Tejpreet : Any options for refreshing the screen.
[13:47] r m : @Tejpreet, no I have sent a message to Shai
[13:47] Tejpreet : oh …ok
[13:48] Tejpreet : Nno issues.
[13:48] Tejpreet : no
[13:53] Tejpreet : Back in action.Thanks.
[13:53] r m : welcome
[13:54] Kathir : @AMIT there?
[13:55] Janak : 8630/18700 on?
[13:56] Amit J : yes
[13:58] Amit J : RM your view now, we are near shai level but today we will complete 5 days of 18800 FA
[14:00] Shai : test
[14:00] Janak : shai bn can do 700?
[14:01] Kathir : @amit any news available for rbi meet?
[14:02] Kathir : rumours that house loan int rates will be reduced – bad news for banks and good news for infra – rumour 🙂
[14:04] Shai : Janak buy abv 18630 only
[14:04] Shai : 18624 was the poor high yesterday
[14:06] Janak : so it will be repaired?
[14:07] Amit J : SHAI YOUR VIEW ON AXIS YES FOR SHORTING
[14:08] Shai : Janak it meant a visiit – at 18600 it is almost done
[14:08] Shai : so we wait for new move abv 18630 or go down back from here
[14:08] Shai : Below 18530 fresh selling
[14:08] Janak : but for that at-least 630 must come once 🙂
[14:09] Shai : should- But don’t wait for the last 20 in BNF
[14:09] r m : @Shai, was 8605 also a poor high?
[14:09] Shai : yes
[14:09] r m : Thanks
[14:10] Janak : nf saw couple of vertical buys today – massive – 50 pts and 30 odd
[14:11] Janak : what is that shai? corp buying?
[14:11] Shai : axis slightky weak below 565
[14:11] Shai : but gets weaker below 555
[14:11] Shai : here short is still risky
[14:12] Shai : tes bank has reversed te weakness seen yesterday
[14:13] Shai : 839 needs to visist once to review next week
[14:13] Janak : 8630 looks on
[14:13] Shai : Janak with bull today?
[14:13] Shai : Yesterday you rammed our BNF down 🙁
[14:14] Janak : today it rammed me down 😉
[14:14] r m : 😀
[14:14] Shai : Hypo 2 was below 220 today for weakness
[14:14] Shai : paid it some extra time yesterday as dues 🙂
[14:14] Janak : shai 698 is some imp value?
[14:15] r m : lol
[14:15] Shai : yesterday freak
[14:16] Shai : a close abv 18570 is good
[14:16] Shai : else we move down again
[14:16] Janak : lets c if that freak 698 gets visited today
[14:17] Amit J : shai will you call this a trend day
[14:17] Amit J : ?
[14:21] r m : @Shai, what should be the trailing stop for long above 8563 now?
[14:22] Shai : 8600 was a place to book gains now trail is 8581
[14:22] r m : Thanks
[14:22] Shai : gets very weak below 8567 and can collapse to 8527/ 8545
[14:22] r m : ok
[14:22] Shai : 18619.2
[14:22] Shai : 8599
[14:23] Shai : what we saw yesterday in the profile was exhaustion
[14:23] Shai : so we will stick to our view of the sideways range
[14:23] Shai : sell higher and buy lower
[14:24] Shai : Sell BNF below 18540 tgt 18480
[14:25] RK : 18595 was my original sell and SL is hanging there at 18631 🙂
[14:25] r m : 🙂
[14:25] Kathir : @shai nf spot levels working wonderful for buy dips and sell higher – spot low 8464 high 8543
[14:26] Kathir : both side SL not taken
[14:26] Kathir : RK nice catch
[14:27] r m : @Kathir, RK is Jaunty Rhodes of stock market 🙂
[14:27] RK : yes get hurt often 🙂
[14:28] r m : lol
[14:28] Shai : Good RK- We are just a bit conservative for the larger pool here
[14:28] RK : Shai logic was safe SL
[14:29] Shai : a revisit to a poor high can be sold with a safe sl
[14:29] r m : @Shai, that safe SL would have been above 6032 for NF?
[14:30] r m : sorry 8632 😀
[14:30] RK : RM placed a marker there 🙂
[14:30] Shai : yes
[14:30] r m : Thanks
[14:30] r m : @RK, that marker would bankrupt many brokerages 🙂
[14:30] RK : lol
[14:31] Shai : 8567 will try to hold up NF
[14:32] Amit J : long weekend. unwinding generally comes at 2.40-3
[14:34] Kathir : @RM rhodes maxwell starch – all in guy RK 🙂
[14:34] RK : there wont be any possibility for shorts to cover? late session of yesterday had got some shorts in
[14:34] r m : all rounder Kathir 🙂
[14:35] RK : Kathir Aussies not my favs 🙂
[14:35] r m : @RK, above poor high, bears may become poor!
[14:35] RK : true
[14:37] r m : negotiations going on between bears and bulls for a face saving formula 🙂
[14:37] Kathir : @RK even I dont like aus 🙂
[14:39] Kathir : @shai shall we take positional long in nf if nf spot closes above 8550 ?
[14:43] Shai : yes can tgt 8628/ 8668
[14:43] Shai : 8628/ 8658 spot**
[14:44] Kathir : ok thanks
[14:47] Janak : 8602/30 on?
[14:48] r m : looks like that
[14:48] Kathir : @RM yes bank theory bnf should go up 🙂
[14:49] r m : 🙂
[14:50] Janak : another vertical column!
[14:53] Shai : sellers coming
[14:54] Janak : 18700 also give man
[14:55] Shai : can come
[14:55] Shai : these shorts are not looking good
[14:56] Tejpreet : Maybe long unwinding that is why price still going up…moving from weak hands to stronger.
[14:56] Shai : sellers getting trapped
[14:56] Janak : booked at 680.05
[14:57] Tejpreet : should be book eod or carry as long holidays.
[14:58] Shai : Not very safe to carry as globe is running tom
[14:58] Janak : bn 550 up from day low!
[14:59] Tejpreet : BN gone ballistic in last 2 days jumping up n down.
[14:59] Shai : apr 7 RBI rate cut
[15:00] Janak : 698 done shai!
[15:00] Janak : 20 paise less
[15:01] r m : booked at 8632!
[15:01] Janak : now some pro.-booking?
[15:02] Shai : 8636 res in NF
[15:03] Tejpreet : Hypo levels too good as usual.Just need to automate them .
[15:04] Kathir : @RM yes bank 🙂
[15:05] r m : 🙂
[15:05] r m : @Kathir, now I’ll plot yes bank on the same chart as BNF )
[15:05] r m : 🙂
[15:05] Kathir : 🙂
[15:05] Janak : sha a fall till 650 can come bfore 3.20?
[15:06] Kathir : @tejpreet automate you mean ..need alerts?
[15:07] Tejpreet : no I meant evrything punched in the machine ..order placed directly into exchange
[15:07] Tejpreet : no getting alerts …no thinking …day trading finished in 5 mts at 920 :0
[15:08] Tejpreet : 🙂
[15:08] r m : 🙂
[15:08] Kathir : ok 🙂
[15:09] RK : am glad that I had SL for my 18350 short 🙂
[15:09] r m : @Kathir, your 8700CE worth 86 bucks!
[15:09] Tejpreet : Shai how are the volumes for the day.
[15:09] RK : 8700 CE exit yesterday 🙁
[15:09] r m : yes, me too
[15:09] Shai : Vol under avg
[15:10] Tejpreet : Ok ..Thanks
[15:10] Shai : NF looked like it would go down today and revisist lows and maybe lower
[15:10] Kathir : @RM yeah still holding few..will confirm with shai last 10 mins
[15:10] Shai : hence gave exit call as it was against delta and time decay
[15:10] RK : Yes but it held all day good to move up
[15:10] r m : Good Kathir 🙂
[15:11] RK : yday late hours certainly no positive signs to carry any long
[15:11] Shai : cross of 8563 and 8575 pushed out selling
[15:11] Kathir : as of now it looks safe 🙂 shai expected this move yest..but somebody inbtwm collapsed
[15:11] r m : that 8563 level was very precise
[15:12] Shai : 8636 F still resistance
[15:12] r m : it never looked back after crossing that inspite of lakhs of red numbers!
[15:19] r m : @Janak, using some kind of rocket propulsion for BNF? 🙂
[15:21] RK : Bulls leaving for weekend with full conviction that they will hear some good news on MOnday morning 🙂
[15:21] Tejpreet : Amit any news for banking licensce to NBFC.
[15:21] Shai : BNF running away
[15:22] Shai : NF crossed res
[15:23] Amit J : shit FA tested in t+5
[15:23] r m : 🙂
[15:25] Kathir : @shai hold nf ce 🙂 it tested me a lot
[15:25] Kathir : or exit
[15:26] Shai : exit
[15:26] Shai : Congrats for holding and passing the test 🙂
[15:26] r m : 🙂
[15:26] Shai : does not make sense to make new longs here – let’s review on Mon open
[15:27] Kathir : ok shai thanks
[15:28] r m : @Kathir, it will be worth 83 bucks on Monday at 8645, drop of 7 points
[15:29] Kathir : @RM thanks ..exited @ 89 ..you know well how I obey master’s word 🙂
[15:29] RK : ok bye all..enjoy the holidays 🙂
[15:30] r m : bye folks, have a wonderful looong weekend 🙂
[15:30] Kathir : hope you remember bnf made 18775 high on monday but not traded …traded today
[15:30] r m : yes, marker
[15:30] r m : 🙂
[15:30] Kathir : thanks and bye all..have a nice long weekend ahead
[15:30] Shai : Bye all
[15:30] Shai : Enjoy the long break
[15:30] Tejpreet : Bye all …time to relax after BN roller coaster ride.
[15:31] Porus : Bye all