General Chat Transcript
Date and Time: June 05, 2015 08:58:24
[08:30] r m : Good Morning folks!
[08:30] r m : http://vtrender.com/levels-and-plan-for-5th-june/
[08:30] r m : http://vtrender.com/premium/orderflow-charts-and-notes-0406/
[08:30] r m : http://vtrender.com/option-vas-for-0506/
[08:31] r m : Nifty JUN Future levels| Key Reference Area 8110| Hypo1 below 8110➜8074➜8037 SL 8136| Hypo2 above 8157➜8185➜8222 SL 8106
[08:31] r m : Banknifty JUN Future levels| KRA 17860| Hypo1 above 17860➜17975➜18069 SL 17690| Hypo2 below 17620➜17500➜17234 SL 17776
[08:35] Hemant : GM folks
[08:37] Hemant : RM got a query, what level did we have a FA yesterday?
[08:40] r m : NF 8164
[08:42] Hemant : Needs repair of some sort? And I suppose if there was an FA in BN that too will need some repairing?
[08:42] Hemant : Please do correct me if I’m wrong, still learning
[08:42] r m : BNF got a second attempt above IBH at closing, guess that FA has been revisited
[08:43] Sudhakar : GM all
[08:43] Hemant : Right
[08:43] r m : we are all learning Hemant, Shai is the one who is learned 🙂
[08:43] Hemant : 🙂 Being humble here RM
[08:43] Hemant : Way to go 🙂
[08:44] r m : I am being real, what to do if others consider it being humble 🙂
[08:49] Hemant : Nothing much 🙂
[08:50] r m : lol
[08:55] Porus : GM all
[08:57] Shai : GM all
[08:59] Sharad : GM all
[09:02] r m : Rajan selling USD 🙂
[09:02] Venkatesan : gm shai, rm and friends
[09:02] r m : Hi Venkatesan
[09:03] Sharad : Yesterday gap fill done
[09:03] Pawandeep : GM shai, rm and friends
[09:04] Kathir : GM Shai RM and all friends 🙂
[09:05] John : GM all
[09:05] r m : Hi Pawandeep, Kathir 🙂
[09:05] r m : @Pawandeep, hope you managed to bring profiling to life in NT? 🙂
[09:06] Moses : GM All
[09:06] r m : @Kathir, early morning selling Dollars man? Helping nation meet its import bill 😀
[09:07] Kathir : RM its not me should be Sharad I guess
[09:07] Pawandeep : @rm thats a weekend work ,will do
[09:07] r m : ok Kathir 🙂
[09:07] r m : Yes Pawandeep, compared to amibroker learning NT is like understanding theory of relativity 🙂
[09:08] r m : @Kathir, opening likely near KRA in NF
[09:08] Naveen : Gm folks..
[09:09] Pawandeep : 8110
[09:09] Ashish : GM all
[09:09] Tejpreet : GM All.
[09:10] Kris : GM All 🙂
[09:10] Kathir : SGX trading @ 8106 now
[09:10] r m : ok
[09:10] Kathir : Hi Krish 🙂
[09:11] Kris : Hi Kathir!
[09:11] Sharad : Kris bot any puts ?
[09:11] r m : Hi Kris 🙂
[09:11] Kris : no position now Sharad!
[09:11] Sumit : GM everyone
[09:11] Sharad : ok
[09:11] Kris : Hi Rm 🙂
[09:11] Kathir : @RM how abt MO last eve close
[09:12] Sharad : -47 i think
[09:12] r m : yes -46
[09:12] Chetan : gm all
[09:12] Kathir : ok take it to -90 sir
[09:12] Sandeep : Gm everyone
[09:13] r m : @Kathir, give a click on blog too sometime in the evening 🙂
[09:13] r m : http://vtrender.com/desi-mo-mcclellans-oscillator-for-nse-4th-jun-2015/
[09:13] Vikkas C : gm all
[09:14] Kathir : @RM sure master
[09:14] r m : lol
[09:18] Sandeep : connection issues ?
[09:19] Sandeep : chart not updating
[09:19] Chetan : gm
[09:20] RK : GM Shai,RM and all..Missed room for 2 days 🙂
[09:20] Kathir : @RK – you didnt miss ur targets 🙂
[09:21] r m : Hi RK 🙂
[09:21] Kris : looks a lot of green at open!
[09:21] RK : Kathir 🙂
[09:21] Kris : May be Shai wants his 8192 today!
[09:22] r m : Yes Kris, adv/dec 510/738, Shai is bying all market 🙂
[09:23] Shai : 8110/ 17620 ref lines for down sides
[09:23] Shai : looking to see if the market takes out VAH today
[09:23] Kathir : @RM kra trade on NF 🙂
[09:24] r m : yes Kathir, you got your 20 points, good breakfast 🙂
[09:25] Shai : looks like a drive up from VAL
[09:25] Chetan : vah val value please
[09:26] Shai : 8108-8132-8156
[09:26] Shai : it’s always there in the box on top left of 5 min chart
[09:26] Kathir : @chetan you can see those in top left corner of chart
[09:27] Chetan : ok thanks
[09:28] Shai : POC has sellers
[09:29] Chetan : 8108 val @ today low 8105…do v initiate a sell??? what is the filter
[09:30] Shai : can go sell below 8104
[09:30] Chetan : ok
[09:31] Shai : probe will to test those buuers seen at 8074 yesterday
[09:31] Shai : buyers*
[09:31] Shai : if we go below that is
[09:31] Kathir : @shai 7700 posibble this month ?
[09:32] Shai : so far not in the picture
[09:32] Shai : but next week’s volumes crucial for that
[09:32] Kathir : ok. may be a close below 8000 spot will open those numbers shai ?
[09:34] Soumya null : chat cannot be read
[09:34] Shai : No issues today : (09:18) Sandeep :connection issues ?
[09:34] Sandeep : now its working fine
[09:34] Sandeep : initially it was
[09:35] Shai : It takes a few mns at the open to register changes on the charts for value areas etc
[09:35] Sandeep : okay
[09:35] Shai : yes took a bit more time today
[09:36] Shai : Looking for the market to confirm abv VAH
[09:36] Shai : as mentioned y’day it is upto the Buyer to respond
[09:37] Shai : if not done in the IB it becomes difficult to mange abv vah
[09:39] Shai : long buildup is there at 8122-8124
[09:39] Shai : roughly 8000 contracts
[09:40] Shai : 8114 off open also a buyer
[09:41] Chetan : open type nifty??
[09:42] Shai : OAIR
[09:42] Shai : within value just like yesterday
[09:42] Sandeep : OAIR means
[09:42] Chetan : ok
[09:42] r m : Open Auction inside range
[09:43] Pawandeep : @sahi yesterday neutral day or neutral extreame day in nifty
[09:43] r m : OAIR and within value too is like a sleeping pill taken by the market in opening session 🙂
[09:43] Sandeep : thanks
[09:47] Sandeep : three figures of VWAP in 3 different colours, can you help me out to decode
[09:48] r m : middle one is vwap, outside are std deviation bands of vwap
[09:54] Venkatesan : shai/rm lvn-2 is resistance? 8141.88
[09:55] Venkatesan : high made just below
[09:56] r m : not sure, generally i think of them as attracting price
[09:56] Venkatesan : ok
[09:56] r m : they are single prints and gaps from earlier auctions
[09:56] Venkatesan : thank u
[09:57] r m : welcome, Varun is an expert in LVNs
[09:57] r m : besides Shai 🙂
[09:57] Venkatesan : beside rm?
[09:57] Chetan : lvn=low volume?
[09:58] Venkatesan : low value node, i guess
[09:58] Sreedhar : varun was mentioning about PL in twitter , can you tell which are they here, if possible ..
[09:58] r m : no, I am more conversant with HVNs
[09:59] Kathir : Low valoe or volume?
[09:59] r m : He considered yesterday’s low and high as poor low and poor high
[09:59] r m : Low Volume nodes
[09:59] Sreedhar : OK. ..
[10:00] Chetan : yvwa?
[10:00] r m : yesterday’s vwap 🙂
[10:00] Venkatesan : hi karhir i think i am wrong
[10:00] Chetan : ok thanks rm
[10:00] r m : welcome
[10:01] Kathir : @venk no problem we all here learners 🙂
[10:01] r m : let us mice run when cat is busy 😀
[10:02] Kathir : @venk ofcourse except two..one is Shai and another from DD
[10:02] Sreedhar : : )
[10:02] r m : lol
[10:02] r m : how come Coimbatore guys almost own a mint 🙂
[10:02] Pawandeep : @rm yesterday neutral day or neutral extreame day in nifty
[10:03] r m : neutral center i think, close was near dpoc
[10:03] Pawandeep : tnx:)
[10:03] r m : though one extreme was only 7 points away!
[10:03] r m : sorry, it was 17 points away
[10:03] Venkatesan : rm sterday OI added 234k, is it fresh long
[10:04] Varun : rm under firing squad 😉
[10:04] Venkatesan : hi hvn xpert
[10:04] Venkatesan : sorry lvnv
[10:04] r m : Hi Varun 🙂
[10:04] Varun : 🙂
[10:04] Varun : hello
[10:05] Venkatesan : hello sir
[10:05] r m : later on whem I am proved wrong (which is usual), I’ll hide behind Shai 🙂
[10:05] Varun : perfect inside day to fade the extremes
[10:05] Venkatesan : rm please reply on II
[10:05] Venkatesan : open interest
[10:05] Varun : unlike for a friday or as they fry-day
[10:05] r m : @Venkatesan, I am always at sea when explaining OI (like most other things!)
[10:06] Sreedhar : @Varun so both extremes of yesterday are going to be visited is it..
[10:06] Varun : high chnces
[10:06] r m : let us check OI shift http://vtrender.com/wp-content/uploads/2015/06/oishift3.png
[10:06] Varun : but nt tht it has to happen today only
[10:06] Venkatesan : thank u
[10:06] Varun : in next 1-2 days
[10:07] r m : FII added both longs and shorts while clients covered both
[10:07] Sreedhar : thanks Varun..
[10:07] r m : so there seems no aggressive addition on any side yesterday
[10:08] r m : except PROP shops added shorts and reduced longs
[10:09] Venkatesan : http://www.nse-india.com/products/content/derivatives/equities/historical_fo.htm
[10:10] Venkatesan : ok
[10:12] Pawandeep : @varun wrt yesterday late spike & todays open @ val & drive up makes little bullish
[10:14] r m : in general OI addition with drop in price is considered short addition and vice versa but since there are two sides to each trade, we should also see who added longs or shorts
[10:14] Venkatesan : rm can u please correlate 231550 addition in nse site with your site data
[10:14] Shai : Sell BNF 17720- 17725 sl of 17775 tgt 17670/ 17630
[10:14] Varun : no, bullish shld hve been a gap up abv spike. below tht spike rules say we will visit lows of spike
[10:15] Varun : aroun 8070
[10:16] Pawandeep : got it , gap down overcome spike
[10:17] r m : @Venkatesan, yes 9262 contracts added and showing correctly in CurrentMonthOI sheet
[10:17] r m : @Venkatesan
[10:19] Varun : if we break above spike #bullish
[10:19] Varun : spikehigh
[10:20] Venkatesan : thank u
[10:20] Venkatesan : rm
[10:20] Venkatesan : just come
[10:21] Pawandeep : @ varun if we break above spike on open or with in day
[10:21] Varun : open wpuld have been better
[10:21] Varun : second best ib
[10:21] Varun : third if now
[10:21] Varun : strength to break reduces with time
[10:23] Vikkas C : SHAI can we short NF ard vwap
[10:24] r m : my turn to get lat chat messages, 2 minutes delay, when it goes beyond 5 minutes, i’ll take a break 🙂
[10:25] Shai : NF less stressful short is below 8106 sl of 8133 tgt 8074
[10:26] Shai : roatating here VAL to POC
[10:26] Shai : direction comes below VAL
[10:26] Vikkas C : ok thanx shai
[10:27] Tejpreet : Shai views on ASHOKLEY for long position.
[10:29] Shai : ashley just getting there
[10:30] Shai : bu is abv 68 tgt is 70.2 and 73 next week sl below 65.5
[10:30] Shai : positional
[10:31] Hemant : Should book part BNF call here Shai?
[10:31] Shai : 1 done – (10:14) Shai :Sell BNF 17720- 17725 sl of 17775 tgt 17670/ 17630
[10:32] Shai : yes sl at cost
[10:32] Shai : part book and sl at cost I meant
[10:32] Tejpreet : Thanks Shai.
[10:32] Kathir : @shai Nf short activated?
[10:33] Shai : yes
[10:37] Shai : keep sl at 8142 on the NF trade
[10:37] Kathir : ok shai
[10:37] Varun : shai we rejected the area below val in seconds
[10:39] Shai : still rotational
[10:39] Shai : was hesistant to short NF on this vol
[10:40] Varun : and vwap band just thr prominently
[10:40] Shai : seller now active at 8132
[10:40] Ashish : Shai, 8104 is a seller?
[10:41] Shai : yes
[10:41] Ashish : Thanks
[10:41] Shai : sell stop orders got traiggered
[10:41] Ashish : ok
[10:42] Shai : remaining below 8142 one test of those buyers at 8075 is due
[10:42] Shai : if they crack we head to 8034/ 7980 by close
[10:43] Shai : sl is FA point 8166 on day for that view to play out fully
[10:43] Ashish : so another 100 pointer downside may happen today.
[10:43] Shai : possible
[10:43] Ashish : 🙂
[10:48] RK : Tata motor positional view on downside..can afford with sL of 460..expecting sub 380 levels..possible with last 2 days price action?
[10:49] RK : @Shai
[10:53] Shai : was expectimg 436 has seen it already
[10:53] Shai : looks risk to short fresh here
[10:53] Shai : look for 467 levels to resist than 417 possible
[10:53] RK : fine Shai..thanks.
[10:53] Shai : but for now can’t see uch below 417
[10:53] Kathir : @shai in delta we see 83625 sell volume but in 5 mins we dont see and a buy is there 76250?
[10:53] Shai : 467plus better than 460
[10:54] RK : got it..
[10:54] Kathir : I mean @ 8104
[10:54] Shai : Kathir 8114 was the sell order got absorbed by the 8104
[10:55] Shai : 15 min chart being bigger allow 5 points of error
[10:55] Kathir : ok
[10:55] Shai : so 8112 can be 8107 as one point is set equal to 5
[10:56] Kathir : fine shai
[10:57] Kathir : @RK back from HYD?
[11:03] RK : Yes Kathir came by 8 in the morning 🙂
[11:03] Shai : exit the NF short here at 8125. We will do a review and reshort higher
[11:04] Kathir : ok RK kris is in HYD 🙂
[11:22] Kathir : test
[11:23] Kathir : @shai if pink appears now below Vwap can we short again?
[11:25] RK : Kathir got disconnected..
[11:25] Shai : yes Kathir short on pink
[11:26] Kathir : ok
[11:26] Shai : risk of jumping up to take sl abv vwap is there hence suggested exit
[11:26] RK : trip was on very tight schedule..next time will meet Kris and gather some option knowledge funda 🙂
[11:27] Kathir : @RK ok 🙂
[11:34] Chetan : nifty showing strength??
[11:40] Shai : no still sidways val to poc
[11:40] Shai : no edge here
[11:40] Shai : we still will tray that short below VAL
[11:40] Chetan : ok
[11:41] Chetan : profile structure is similar to yesterday
[11:42] Chetan : if so then we can get exrension on downside??
[11:50] RK : some unusual price jumps in NF..or is it some connection issue with my NEST?
[11:50] RK : I mean between the ticks
[11:50] Shai : extension on downside possibile when we trade below val
[11:51] Shai : same #AMT rules apply
[11:51] Sharad : Rk thin trades
[11:51] Shai : sideways here accepted in now 3 day balance
[11:51] Sharad : 2 rupee spread in nifty
[11:51] RK : @Sharad Yes.
[11:52] Shai : thought yesterday’s big vol would push it to 8192 at close yesterday or even this IB but has not ahppened
[11:52] Shai : so neutral again
[11:52] Shai : push abv VAH should have come in IN where it was easier
[11:53] Shai : no job diff till maybe the last hour
[11:53] Shai : *IB
[11:53] Sandeep : what does the star mark in TPO chart signify
[11:53] Shai : short will work below VAL or near 8150 where risk reward is better
[11:54] Shai : that star is closing prices
[11:54] Sandeep : okay
[11:54] Sandeep : thanks
[11:55] RK : looks like we wil clear VAH quickly from here..based on price action in few stocks
[11:56] Shai : see this spike – it is what I was worried about at 8125
[11:56] RK : Yes
[11:56] RK : Shorts can be covered anytime
[11:56] Sandeep : but getting fizzled out
[11:56] Shai : neutral day
[11:56] Shai : intersting afternoon
[11:56] Sandeep : not enough strength ?
[11:57] Shai : FA at lows in the making
[11:57] Shai : 8101
[11:58] Hemant : How many times is it going to spike ? Programs running this
[11:58] Hemant : ?
[11:59] Dharamveer : what is the 8146
[11:59] Shai : happens when vols are low
[11:59] Shai : stop hunting game by algos
[11:59] Shai : 8163
[11:59] Tejpreet : Shai your spike 🙂
[11:59] Hemant : Wow! Unfilled orders! Sure, programs milking it here with each spike
[12:00] Kris : @Shai – trying my hand at shorting the spike high!
[12:00] Tejpreet : 8200 call booked gain.
[12:00] Hemant : (Claps) 😀
[12:00] Sandeep : short here or wait
[12:01] Shai : wait
[12:01] r m : @RK, good anticipation 🙂
[12:01] r m : (11:55) RK :looks like we wil clear VAH quickly from here..based on price action in few stocks(11:56) RK :Shorts can be covered anytime
[12:02] Sandeep : yesterdays high taken out ?
[12:02] r m : just touched
[12:02] RK : RM that was Kanitkar shot 🙂
[12:02] r m : lol
[12:02] Hemant : The program hasnt given up yet 🙂
[12:02] RK : once in a while 🙂
[12:03] r m : it will go to Shai’s 8192 now
[12:03] RK : Yes that’s Sachin shot..everyday works 🙂
[12:03] Tejpreet : WOW n we thought ipl was over 🙂
[12:04] Tejpreet : reminds of gayle.
[12:04] RK : RM BNF seems switched off 🙂
[12:04] r m : 🙂
[12:05] Shai : short NF sl of 8198 tgt 8140/ 8100
[12:13] Shai : hold sl at 8203 – 5 points abv
[12:18] Dharamveer : is 8075 still expected in the intraday
[12:20] Shai : review at 8140 decides that
[12:20] Dharamveer : ok
[12:22] Pawandeep : @shai nifty is above vah,pdh,vwap & out from range with volume so,why we take short trade
[12:22] Shai : BNF stopped at 17810 again
[12:22] Shai : 3rd day now
[12:24] Shai : Pawandeep move out was a spike and looking for a restest
[12:24] Shai : Plus our plan was to re- eneter shorts at higher levels
[12:25] Dharamveer : whi is it that ther are no trades at 8164
[12:26] Shai : Ths 1- (11:03) Shai :exit the NF short here at 8125. We will do a review and reshort higher
[12:26] Shai : if 8156 does not break we exit
[12:27] Pawandeep : perfect
[12:27] Shai : but below that expecting vwap and val
[12:28] Kris : @Shai -that short exit is was out of the world – simply masterful – take a bow!
[12:28] Sreedhar : claps..
[12:29] Shai : cheers 🙂
[12:29] Shai : 8145
[12:29] Pawandeep : wow
[12:29] Shai : Book half and sl at cost
[12:29] Pawandeep : when to add short
[12:30] Shai : below vwap now
[12:30] Pawandeep : ok
[12:30] Hemant : Shai, hats off!!
[12:30] Srini A : Hats off Shai!!
[12:30] Tejpreet : Good one Shai .
[12:31] Shai : 🙂
[12:31] Pawandeep : @shai now more seeling will come @8107
[12:32] Pawandeep : Great Shai Learing with earning
[12:34] Shai : trail sl at 8166- pdh
[12:34] Kris : @SHai – if they hunted up for 50 points – the down side must be quite interesting! 🙂
[12:37] Shai : yes 8110 should come
[12:37] Shai : and below that visist to that buyer
[12:38] Shai : Buyers are moing it in spikes
[12:38] Shai : moving*
[12:38] Shai : and sellers are selling all higher prices
[12:42] Shai : 8167 tsl
[12:43] Shai : vwap not broken yet
[12:43] Shai : neither is IBH
[12:44] RK : chest,hip and leg belts are required to sit tight with existing positions..move is like that and going to accelerate futher seems 🙂
[12:45] RK : already tired after travelling 2000 kms in 2 days and cant sit tight now..aching 🙂
[12:45] r m : lol
[12:47] Shai : lol
[12:49] Shai : shorts out
[12:49] Shai : day type is still neutral
[12:49] Shai : Now FA at 8101
[12:49] Shai : can still close one side of vwap
[12:51] Shai : NF has nice ref lines at 17820
[12:51] Shai : some one is selling there from 3 days
[12:51] Shai : BNF**
[12:54] r m : @Shai, you view on ITC please
[12:54] Sreedhar : sir can you please pull profile chart bit up..
[12:55] Shai : Back as a neutral auction now
[12:55] Sreedhar : Thanks..
[12:55] Shai : can do 8194 again
[12:56] Shai : neautral as in bearishness off
[12:56] Chetan : as of now its a selling tail shai
[12:58] Shai : ITC ooking good for the time being abv 296
[12:58] Shai : 312.5 is the next test up
[12:58] Chetan : can v sell again if it comes any closer to 8194
[12:58] Shai : intra day abv 303.5 can rise to 308/ 312
[12:59] Shai : No chetan
[12:59] r m : Thanks Shai
[12:59] Chetan : ok
[13:00] Tejpreet : Shai in case of bounce ,,,,can positional shorts be created closer 8250 with closing sl of 8300 all spot.
[13:02] Pawandeep : @ shai Anaomaly @ 8172 on 03/06 is repaired now
[13:09] Shai : Yes tejpreet I would think here we do not cross 8262 on the bounce
[13:09] Shai : allow 30- 35 points for intra day spikes
[13:09] Shai : 8262 closig basis
[13:10] Tejpreet : Thanks Shai.
[13:10] Shai : yes that anomaly got taken out there are more abv
[13:11] Shai : still 1 move is there this afternoon in Nifty
[13:12] Shai : and vwap is critcial for that move
[13:12] Sreedhar : can a buy some calls here in small quantity
[13:12] Shai : we can take shorts below vwap again with sl of 8170
[13:12] Shai : NO Sreedhar intra day buy abv 8184 now
[13:12] Sreedhar : Thanks..
[13:13] Chetan : vwap??
[13:13] Shai : 8141
[13:14] Chetan : sir vpoc tested yesterday 8060….so it will be of lesser importance now?
[13:18] Vikkas C : looking at bnf strength expect nf also to crack sometime very soon
[13:18] Shai : yes
[13:18] Shai : BNF is very weak
[13:18] Shai : was a better short actually than NF
[13:18] Shai : easy at 17800
[13:18] Vikkas C : true
[13:19] Shai : below 17620 can drop another 100
[13:19] Vikkas C : ok thanx
[13:22] Shai : 3rd June profile – see those big sellers at 8192 and 8166 : http://vtrender.com/wp-content/uploads/2015/06/NF_tick2.png
[13:26] RK : Shai with day high SL, rel cap can be shorted below VWAP which is roughly around 360 cash?
[13:26] r m : vwap is 364.40 cash
[13:26] RK : thanks RM..we are then hovering around it now!
[13:27] r m : still above it
[13:27] r m : one touch of vwap was bought around 12:40
[13:27] RK : Yes 364 only I referred Suntv..errr 🙂
[13:27] r m : now coming down again
[13:28] Shai : yes relcap weaker below 363.5 but intra day may not fall below 354
[13:28] RK : want to know it will try to visit that tail around 330
[13:28] RK : positional
[13:28] Shai : sl is 368.7 is you choose to short
[13:28] RK : thanks Shai..
[13:29] Chetan : can sell bn here
[13:29] Shai : tails are supportive in rcap
[13:29] RK : great..thanks
[13:29] Shai : think it may not fall much below 348 now
[13:29] RK : got it
[13:30] Shai : conf if it crosses abv 369 in next 1-2 sessions
[13:30] RK : ok
[13:30] Shai : 383 can be a neutral place to reassess again
[13:30] Shai : NO Chetan wait
[13:30] RK : fine
[13:31] Shai : @Chetan when it breaks a level see the pane right below for red/ green
[13:31] Shai : as also the greens in vol on right
[13:32] Shai : see BNF it that attempt below 17620 has a green bar and more aggressive green in the 5 min vol bar
[13:32] Shai : that is a buy bias or shoing that sellers not in yet
[13:34] Chetan : ok
[13:36] Sandeep : if still holding shorts where to get out
[13:36] Sandeep : i mean what level
[13:38] Varun : shai any npoc on top
[13:38] Varun : abv 8192
[13:39] r m : 8378 I think!
[13:39] RK : or 8316?
[13:39] r m : from 2nd Jun
[13:39] r m : could be, i was checking PPOC from TPO charts
[13:40] RK : nope..mine was 29th MAy..03rd Data not marked due to absent..so you might be right 🙂
[13:40] r m : VPOC was 8332 that day
[13:40] r m : day
[13:40] r m : lol
[13:40] RK : *28th may
[13:42] Kathir : 8335 LVN -1 is there
[13:42] John : Shai,If we spike like today is there a probability that we will revist vwap/dpoc?
[13:43] Shai : Sandeep abv 8184
[13:43] Shai : at 8138 ? that is where vwap is
[13:44] Shai : Yes it is a neutral day and can close at vwap today or one extreme
[13:44] Shai : so we are keeping bias for last hour at vwap
[13:44] John : asking in general sahi?#AMT
[13:44] John : *Shai?
[13:46] RK : HUL normal booking over..Welcome tatkal bookings now 🙂
[13:46] RK : 810 to 833
[13:46] r m : 🙂
[13:48] Chetan : big red bar implies what???
[13:50] Varun : looking like a tripple distribution day when from nowhere
[13:52] RK : Varun so current distribution would be middle one or top one? 🙂
[13:53] Shai : Big red bar is selling
[13:54] Varun : shai are we repairing the abnomaly today or monay #8274
[13:54] Varun : ?
[13:54] Shai : @John Yes if spike is beyong vwa bands it means there is not mucg driving volume in it and hence vwap becomes possibel as revisit
[13:54] Shai : In fact that vwap bands are most effective for the spike trade
[13:55] Shai : HL we watched 821 with a microscope for 2 days 🙂 – (13:46) RK :HUL normal booking over..Welcome tatkal bookings now 🙂
[13:55] Venkatesan : shai, who could be this guy 12950 seller at1345 miniutes, retail, FII, DII ?, what is his logic to sell at pdh?
[13:56] Varun : locals sell at pdh
[13:56] RK : Shai used proxy to get that 821 level and booked my shorts from 855 and boarded on opposite train today at 825 🙂
[13:56] Varun : otf dont wait fr such events
[13:56] RK : in F
[13:56] Venkatesan : thank u varun
[13:56] John : O shai,Thanks for the clarification:)
[13:56] Shai : Nice RK 🙂
[13:57] Shai : Welcome John 🙂
[13:57] RK : RM thanks for being a proxy RM in HUL 🙂
[13:57] Shai : We will do a small sl trade small qty
[13:57] r m : welcome RK, now I understand the concept of Proxy 🙂
[13:58] RK : Tata steel covered now – from 353 cash
[13:58] Shai : Buy NF over 8186 sl of 8160 tgt 8221
[13:58] Shai : Buy abv**
[13:58] Shai : trade small size
[14:04] Varun : shai this 8198 is npoc of which value area
[14:04] Varun : are we wtihin the value ?
[14:06] Shai : 03 june
[14:07] Varun : whts val for tht day ?
[14:07] Shai : 8132
[14:07] Varun : oh so we are well within it, and vah
[14:07] Shai : highs near 8222
[14:08] Varun : probe to 8220 is on 🙂
[14:08] Shai : posted that profile a while back here
[14:08] Varun : ok, was not here
[14:08] Varun : 🙂
[14:08] Varun : point is we shld repair the poor high today for an assault up
[14:08] Shai : (13:22) Shai :3rd June profile – see those big sellers at 8192 and 8166 : http://vtrender.com/wp-content/uploads/2015/06/NF_tick2.png
[14:09] Varun : else it will be just short covering on monday
[14:09] Shai : traicky last hour friday
[14:09] Shai : can do anything
[14:09] Shai : suggesting keep size small
[14:09] Shai : tricky**
[14:09] Varun : bulls safe above extension handle of 34-46
[14:10] Varun : 34-36
[14:10] Shai : profile is neutral extreme headed for close at highs
[14:10] Varun : super
[14:10] Varun : break the poor high and we will rally harder
[14:10] Shai : but will revise below vah and vwap #AMT rules
[14:11] Kathir : @shai now whats supprt for usd/inr? positional not intra
[14:13] Shai : NF buy active
[14:14] Shai : Kathir 63.88 best in USDINR all month
[14:14] Shai : but has to climb abv that 64.55 we mentioned
[14:14] Kathir : ok shai thanks
[14:15] Shai : intra day weak below 64.21 can come to 64.02
[14:15] Kathir : yes shai Roger 🙂
[14:23] Kathir : @what SL for nf longs ?
[14:23] r m : 8160
[14:23] Kathir : ok thanks
[14:24] r m : (13:58) Shai :Buy NF over 8186 sl of 8160 tgt 8221
[14:24] Kathir : @RM why we choose 8186 to buy intead of buying above high?
[14:24] Kathir : instead
[14:25] Hemant : Shai, today’s market movement doesnt really take sub 8000 out of the picture..just curious
[14:25] Hemant : Or does it?
[14:26] Hemant : I’m short on put side
[14:27] Venkatesan : hement sterday 8089 was protected, so i guess your short may be valid
[14:28] Venkatesan : spot
[14:28] Kathir : @hem you sold PE?
[14:28] Venkatesan : i too sold 8000pe
[14:28] Kathir : ok
[14:28] r m : @Kathir, I can’t see 15 minute chart clearly, may be a seller below 8186
[14:28] Venkatesan : and planning to exit 8250 spot
[14:29] Kathir : @venk ok
[14:29] Kathir : @RM thanks
[14:29] r m : welcome
[14:29] Hemant : I did Kathir in the morning
[14:29] Kathir : wow nice Hemant
[14:30] Hemant : 🙂
[14:32] Kathir : @Hem 8250 possible today?
[14:34] Kathir : @RM loks like that 8186 seller dont want nf to cross high’s ?
[14:34] Shai : Spot close abv 8150 is good today
[14:34] Shai : puts 8260 for mon tues
[14:35] Shai : 8260 spot, cmp is 8182
[14:35] r m : @Kathir, seems to be a contented guy, does not want to bring it down either 🙂
[14:35] Kathir : 🙂
[14:35] Kathir : its now upto DD challengers to move up 🙂
[14:36] r m : lol
[14:37] Hemant : Kathir, not sure but only Shai can tell here 🙂
[14:37] r m : If folks from Karur are short then we can as well throw in the towel Kathir 🙂
[14:37] Sharad : today BNF has perfect bell shaped profile Shai ?
[14:37] Kathir : @hem ok
[14:38] Kathir : @RM very true 🙂
[14:38] RK : RM entering into whip mode..from 10/10 shorts to 50:50 shorts and longs n ow..so you can take your call..lol 🙂
[14:38] Shai : Not perfect in BNF but yes a gaussian curve
[14:38] Sharad : ok
[14:38] Chetan : nifty kind DD
[14:39] RK : but whatever triggered long has not yet run away..stalling 🙂
[14:39] Shai : yes 2 distributions
[14:39] Hemant : Went short on put considering the kind on close we had yesterday, didnt certainly expect this kind of response from the market 🙂
[14:40] Venkatesan : shai next two nifty spot resistance numbers please
[14:40] r m : inside day so far in BNF
[14:40] Shai : 8262 and 8354 spot
[14:40] Venkatesan : thank u
[14:41] Kathir : @shai looks like some selling here in NF is it?
[14:43] Shai : Minor Kathir but prev seller in bit of pressure heading nto tje close
[14:43] Shai : can spike again
[14:43] Kathir : ok
[14:44] Shai : our stops just below pdh where the bulish edge loses out
[14:44] Hemant : Shai, can go short on a call to when it spikes & if it does?
[14:45] Hemant : 8500 CE i mean
[14:45] Shai : yes
[14:45] Shai : best place to short now is 8260 spot
[14:46] Hemant : Got it, thanks
[14:47] Dharamveer : what is that 8196
[14:47] RK : stops stops stops..program to algo machines today 🙂
[14:47] Srini A : sellers
[14:48] Shai : firm sellers came
[14:48] Sreedhar : exit longs here..
[14:48] Shai : trail at 9172
[14:48] Shai : 8172
[14:49] Shai : exit
[14:49] Venkatesan : hement u missed it
[14:49] Hemant : Wow!
[14:49] Hemant : I did looks like 🙂
[14:49] Hemant : Huge sell off triggered
[14:49] Dharamveer : where is the target downside
[14:50] Shai : 8135 supp
[14:50] Hemant : Bang at 8200 NF
[14:50] Shai : belaow that day lows
[14:51] Shai : NF
[14:51] Hemant : Greece
[14:52] Shai : still selelrs
[14:54] Vivek K : without FP chrats, we r like child in topless bar – sidhuism
[14:55] Hemant : lol @ Vivek
[14:55] Sreedhar : Thoko … : )
[14:55] Shai : NF 8140 sl tgt 8075
[14:56] r m : lol
[14:56] Shai : 8150*
[14:56] Shai : 20 points of risk
[14:57] Hemant : Shai, target for BNF?
[14:57] Shai : 17510
[14:57] Hemant : Got it, many thanks
[14:58] Srini A : @Shai, I stuck my neck out with your original shot call and now exited
[14:58] Srini A : *short
[14:58] Shai : Cool Srini 🙂
[14:59] Srini A : Thanks for that 🙂
[14:59] Vivek K : that buyer P at top will pee?
[14:59] RK : 10 paisa SL saved me from original short
[15:00] RK : NF
[15:01] Venkatesan : explain rk
[15:02] Shai : 8110 cover half and raise sl to cost
[15:03] Shai : can see 8075 if 8107 breaks
[15:03] RK : 8200.10 SL Venkatesan
[15:03] Vikkas C : AND MY sl WAS 8198
[15:03] Vikkas C : LOL
[15:03] Venkatesan : lucky guy,
[15:04] Tejpreet : BN weekly low ?
[15:04] Sharad : 17475
[15:04] Shai : neutral days are like this esp if they happen to be a friday
[15:04] Venkatesan : vikas 2 points cost you around 90 pts
[15:04] Shai : we are playing neutral extreme agin
[15:04] Tejpreet : Thanks Sharad.
[15:05] Sharad : welcome
[15:05] RK : dont expect a profit booking here by shorters
[15:05] RK : but positional stops are triggering in many scrips
[15:05] RK : of longs
[15:06] Venkatesan : shai , when nifty spot become weak
[15:06] Venkatesan : below 8100?
[15:07] Shai : below 8084 close
[15:07] Venkatesan : thank u
[15:07] Shai : but even this close below 8150 is weaker
[15:07] Shai : buying attempts coming at 8108 again
[15:09] Hemant : Shai where else can a call be shorted apart from 8260?
[15:09] Sreedhar : NF can i short here?.. #nopositions..
[15:09] Porus : @Shai, if we close above 8108, can carry shorts?
[15:10] Shai : Hemant can short OTM calls below 8150 spot closing now
[15:10] Shai : No Porus don’t carry
[15:10] Shai : see a 8050- 8250 kind of range next week
[15:11] Tejpreet : Shai won’t it be prudent to square off positions at close …with so much lined up over the weekend ….us apyroll, greece and indian monsoon.
[15:12] Tejpreet : Monday loos to be gap up or down.
[15:12] Tejpreet : looks.
[15:12] Shai : yes
[15:12] Shai : don’t carry aggressive qty
[15:12] Chetan : greece effect…….are we going to see huge fall ,gap down open monday morning shahi?
[15:13] Shai : Chetan not much
[15:13] Tejpreet : Greece negatives already in …global markets correcting the whole week.Surprise could be on the upside.
[15:13] Chetan : ok thank u sir
[15:13] Shai : selelrs aare selling highs but not the lows
[15:14] Shai : so aggressive fall may not come immediately
[15:14] Shai : hence looking at 8050- 8250 next week
[15:14] r m : BNF still inside day
[15:14] Venkatesan : shai holding 8000put short can close or carry
[15:14] Shai : maybe a intraday spike low to 7990 spot can come sometime next week but we should be in this 200 pointer most of next week
[15:15] Venkatesan : thank you
[15:15] Tejpreet : Shai in case of gap down …break of which lvl in n and bn indicates aggressive shorting.
[15:16] Shai : Tej close below 8060 spot
[15:17] Shai : the looking at 7700
[15:17] Shai : BN roughly 17300 spot for 16200
[15:18] Shai : will update spot levels weekend
[15:18] Suyash : shai HUL got sold off pretty badly. Is it worth exiting now?
[15:18] Tejpreet : wow ..thanks. Closed out everything …nil position and enjoy the weekend over greece drama 🙂
[15:19] Kathir : @suyash news that delhi gont banned all nooles and reliance removed all nodles from its stores
[15:20] Shai : No hold
[15:20] Shai : a move abv 851 is what we required 847 today
[15:20] Shai : abv 851 is an easy 30 again
[15:20] Shai : but 821 still holds
[15:20] Tejpreet : @ Kathir noodles out biscuit in …brittania is up 5%
[15:20] Suyash : i see. Thanks shai and kathir
[15:20] Kathir : lol Tej
[15:20] Shai : 17500 BNF
[15:21] Shai : close out NF
[15:22] Chetan : bnf very good call shahi
[15:22] Tejpreet : 16500 put commanding 85 premium. and good volume.
[15:22] RK : 8110 part NF booked as per original plan
[15:24] Shai : NF highs of today not secure
[15:24] Kathir : that was really a trap
[15:24] Shai : will get visisted again
[15:24] Shai : weekend positioning selloff
[15:25] Naveen : Shai Can we short NF for monday
[15:26] Shai : No Naveen Avoid
[15:27] Shai : This is the weakest 2015 weekly close I think
[15:27] Venkatesan : shai still today low spot is not broken
[15:28] Shai : yes
[15:28] Shai : Varun is not here – else he would have said poor high/ poor lows 🙂
[15:28] Shai : He scans the extremes of the profile with a microscope 🙂
[15:28] Kathir : and poor guys like me blink 🙂
[15:29] Porus : Sjai, we do have a poor low today, don’t we?
[15:29] Shai : 446175
[15:29] Shai : could be profit booking
[15:29] Hemant : Can we buy that put Shai, the one Tejpreet mentioned?
[15:29] Shai : but is a hge number at 8110
[15:29] Hemant : or Sell it ?
[15:30] r m : poor Kathir, poor rm 🙂
[15:30] Shai : Risky to buy here Hemant
[15:30] r m : Thanks and bye folks, have a great weekend 🙂
[15:30] Shai : sill no conf
[15:30] Hemant : Alright Shai, wonderful as always!
[15:30] Shai : Bye all
[15:30] Venkatesan : thankyou shai, rm and friens
[15:30] Shai : Enjoy the weekend
[15:30] Sreedhar : Happy weekend to all. bye
[15:30] Srini A : Thanks Folks Have a great weekend
[15:30] Shai : Catch up Mon
[15:30] Moses : Bye All
[15:30] Tejpreet : Bye All.
[15:30] Kathir : thanks and bye all have a nice week end
[15:30] RK : thanks and bye all 🙂
[15:30] Suyash : Bye everyone! Have a great weekend!
[15:30] John : Bye all:)
[15:30] Vikkas C : Bye all and happy weekend..cheers !
[15:31] Sharad : Bye all Thanks Shai for a;; good trades
[15:31] Vivek K : bye to all the poor guys with fat bank balalnce especially rm and kathir
[15:31] Porus : Bye all
[15:31] Kris : Thanks Shai for the advice! Sounds very logical.
[15:31] Kris : @Shai – did not carry any shorts –
[15:31] Hemant : Have a great weekend folks 🙂
[15:31] Kathir : @kris if you come here VT then markets afraid
[15:31] Sharad : no Kris all cleared
[15:31] Kris : Your reason convinced.
[15:32] Shai : Kris 🙂
[15:32] Kris : Thanks a lot!
[15:32] Kris : Bye all – happy weekend!
[15:32] Shai : that green is the big shorters from 8180 + covering
[15:32] Sudhakar : bye all
[15:32] Shai : could be you ? 🙂
[15:32] Kathir : @vivek I am niether fat nor have fat bank balance-
[15:33] Kris : @Shai – I am only Put buyer!
[15:33] Kris : I have nothing to do with futures volumes.
[15:33] r m : I am thin and no bank balance 🙂
[15:33] Kris : Could be from Dehradun! 🙂
[15:33] Sandeep : bye
[15:33] Hemant : Shai, I’m still long on a few puts here
[15:33] Kathir : @kris DD challengers unpredictable
[15:34] Hemant : Bought 8000 PE and Sold 7700 PE
[15:34] Hemant : Should work out
[15:34] Hemant : ?
[15:34] Kathir : @hem you always win man..no worries
[15:35] Shai : Could be a good trade Hemant
[15:36] Hemant : Kathir i dont mind losing at all 🙂
[15:36] Hemant : Ty Shai. If the mkt doesnt move where it has to, atleast some premium will provide some solace 🙂
[15:38] Kathir : yes hem you are right…nice logic ..thanks and bye
[15:40] Kathir : now bought ce in usd /inr for intra
[15:46] Sharad : Kathir looking at INR .. we can gap up ..it is very strong ..