General Chat Transcript
Date and Time: January 06, 2015 09:25:55
[08:56] r m : Good Morning folks!
[08:56] r m : http://vtrender.com/levels-and-plan-for-6th-jan/
[08:56] Porus : GM all
[08:56] r m : http://vtrender.com/premium/orderflow-charts-and-notes-0501/
[08:56] r m : NF Hypo1 below 8406➜8358➜8320 SL 8432 Hypo2 above 8433➜8458➜8540 SL 8405 JAN Future levels
[08:56] Kathir : Good morning RM ge porus amd all friends
[08:56] r m : BNF Hypo1 below 19130➜19040➜18940 SL 19185 Hypo2 above 19220➜19280➜19340 SL 19154 JAN Future levels
[08:57] r m : @Kathir, Good Morning ge 🙂
[08:57] Kathir : sgx – 75
[08:58] r m : yes, ES fall finally impacting NF
[08:58] RK : GM RM,Kathir and all
[08:59] Sharad : GM alll
[08:59] r m : Hi RK 🙂
[09:00] RK : Whenever indian cricketers are toiled , market too 🙂
[09:00] r m : 🙂
[09:01] Kathir : Hi RK sharad
[09:01] Sharad : Hi Kathir
[09:03] Kathir : 211/2 aus
[09:04] Shai : GM all
[09:07] Kathir : hi shai
[09:09] Rav : GM all. Shai Is 5 min time frame feasible in chart?
[09:14] Keshav : morning all
[09:16] Keshav : seems like the trend has reversed
[09:16] r m : Is that freak 8k some kind of a marker? 🙂
[09:18] Keshav : booked shorts
[09:18] r m : Good trade Keshav, congrats!
[09:18] Keshav : thanks rm
[09:18] Kathir : good one man..congrats
[09:18] Keshav : also covered reliance
[09:18] Keshav : loss on that
[09:19] RK : may be RM..last series low was 8008
[09:21] r m : ok
[09:21] Rahul G : hello all gm
[09:21] Rahul G : guys check the delta
[09:21] Rahul G : 5500000% 🙂
[09:22] r m : most of the times these freak ticks are some kind of markers which are reached a few days later!
[09:22] r m : @Rahul, some calculation glitch 🙂
[09:22] Keshav : yeah seems like
[09:24] r m : 30 min charts NF http://screencast.com/t/hZwtx7S0
[09:24] r m : BNF http://screencast.com/t/aaeHwtfwe
[09:24] Shai : open is much worse tat sgx was projecting
[09:26] Amit J : shai can we see this as trending or stable here
[09:26] Shai : could be an OAOR now
[09:27] Keshav : http://imgur.com/Q8hkaTK
[09:27] Shai : but gap is very big and may not fill today
[09:27] Keshav : update on price channel
[09:28] r m : Thanks Keshav, but this one is till EOD yesterday?
[09:29] Keshav : longs have to be cautious here after. we took support on some crucial pivot points
[09:29] Keshav : any further fall could send us right back down to the last swing low
[09:30] r m : @Shai, going by freak ticks 8422-8000, there is hardly any gap 🙂
[09:30] r m : in other words gap filled at open!
[09:30] Keshav : @rm also includes todays opening
[09:31] Keshav : the spot clearly shows gaps
[09:31] Amit J : shai any view on axis and icici
[09:31] Amit J : for short
[09:33] RK : 8242 spot to be watched today
[09:34] Keshav : 8220 is also important
[09:35] RK : buy calls are flying from brokers 🙂
[09:35] RK : people are starving to get into bull market
[09:35] Amit J : people are trapped
[09:36] RK : yes..02nd Jan move lured
[09:37] Shai : axis bank cash 504 supp
[09:37] Shai : below 504 can drop to 494
[09:39] Kathir : rare days both IT and bnf equally down 🙂 – 200
[09:39] Shai : icicibank 349 cash supp
[09:39] Shai : Open type is an OAOR in most cased even stocks todAY
[09:40] Shai : the conservative trader waits out the first 30 mins or even the ntire IB hour to see what te market is doing with these new prices
[09:41] Shai : 95% of the time the market will hand around vwap
[09:41] Shai : hang*
[09:41] Shai : so no need to rush into huge positions
[09:41] Shai : start small on your bias
[09:41] Rav : [14:52] Rav : without sizeable oi in ce ,it is tough to trade in NF since it may go all the way to 8000-8200 range
[09:41] Shai : NF ref line now is at 8320 F
[09:42] Shai : below 8320 F all morning we are looking at 8234 F coming up
[09:42] Shai : 18950 F is the ref area in BNF
[09:42] Kathir : @RAV nice one
[09:43] Shai : below 18950 F we will be looking at 18760 F in next1-2 sessions
[09:43] r m : @Rav, that is why I said the other day that we have an expert on options now 🙂
[09:43] Kathir : @shai shall we go new short here
[09:43] Kathir : @rm very true
[09:44] Sharad : yes Ravi… you analyse put call best…. Congrats
[09:44] Rav : 8200pe and 8300ce are getting added
[09:44] Shai : spot is in the 8290- 8320 range
[09:45] Keshav : writers closed 8400 pe??
[09:45] Kathir : @rm having few 8200 pe still 🙂
[09:45] r m : wow!
[09:45] Shai : 8300 pe also gettig shed
[09:46] Kathir : @shai what is the next imdiat supp for nifty spot now?
[09:47] Sharad : all strikes 8400, 8300 till 7800 puts are reducing…
[09:47] Rav : except 8100-8200pe, all pe are being short covered
[09:47] Sharad : And one thing i want to ask Ravi … what is meaning as 8800 call shorts are also unwinding..
[09:48] Rav : 8200pe buying on
[09:48] Kathir : overall volume high today
[09:48] Kathir : @rav what about 8000 pe
[09:49] Shai : Kathir 8242/ 8171
[09:49] Kathir : ok thanks shai
[09:49] Kathir : 8242 done 8229 low
[09:49] Shai : BNF is seeing buyers coming back
[09:51] Shai : (09:50) Shai :Buy in BNF would be abv 18944 with sl of 18870 for 19092 F- counter trade aggressive
[09:51] Rahul G : shai can u adjust the amt chart for nifty
[09:51] Shai : done
[09:53] Rav : 8300CE 693125 8200PE 374000
[09:53] Rav : DOWN
[09:54] Keshav : done 8220 taken
[09:54] Keshav : entered short again
[09:55] Rav : 09:48 Rav : 8200pe buying on
[09:55] Rav : 88 TO 103
[09:57] Keshav : @rav but oi is also getting added on that
[09:57] Keshav : how to intepret
[09:58] Kathir : bought bnf @ 18765
[09:58] Keshav : i thought if oi is getting increased its primarily due to writing
[09:58] Rav : 833 ce are written aggressively and 8200pe bought
[09:59] Rav : 8300ce
[09:59] Rahul G : guys / shai some help require:- at such a gap down what should we do I did not have any shorts with me also and did not trade anything till no what should be the general trend should we do nothing
[09:59] Rav : 112 8200pe
[10:00] Rav : OI up or long buildup for pe in bearish day is BUY PE
[10:02] Keshav : if 8148 is taken out today
[10:02] Keshav : that could make things worse
[10:05] Rav : Option game is over almost here
[10:06] Kathir : exited @ 18798
[10:07] Keshav : good one
[10:07] Kathir : @rahul g 09:40 Shai : the conservative trader waits out the first 30 mins or even the ntire IB hour to see what te market is doing with these new prices
[10:07] r m : @Kathir, stealing food from croc’s jaws? 🙂
[10:08] Kathir : 🙂 just a try
[10:08] Kathir : this one was based on shai’s supp 18760
[10:09] r m : good try!
[10:09] Kathir : also covered 8200 pe ji
[10:10] Kathir : 105.. 37-105 🙂
[10:11] r m : wonderful man, guess the bank holding your account will be celebrating too 🙂
[10:11] Rav : kathir catches ball quickly
[10:11] Kathir : but that always shows negative balance 🙁
[10:12] Rav : ITC PCR of 2.55 for 365 stands solid support
[10:16] Rav : 8300CE:1003275 8200PE:198225
[10:17] Kathir : @shai for axis bank short what would be the SL now?
[10:27] Shai : went to 501 quickly- should be cost else 510
[10:29] Kathir : yeah went to 501 and back vey quik to 506
[10:29] Shai : (09:43) Shai :below 18950 F we will be looking at 18760 F in next1-2 sessions
[10:29] Shai : (09:42) Shai :below 8320 F all morning we are looking at 8234 F coming up
[10:29] Shai : short has filled the game very quickly
[10:29] Shai : upto he buyers to respond now
[10:30] RK : yes very quickly in the time of just 2 dosas 🙂
[10:30] Shai : 8234/ 18768 imp for rest of this week
[10:30] Kathir : yes shai you told 1-2 sessions but they misread 1-2 candles
[10:30] Shai : 8320 and 18944 are res now
[10:34] Shai : LOL
[10:34] Shai : looking for BNF to do 18880
[10:34] Shai : anomaly reapir trade
[10:34] Shai : sl should be 1876p
[10:34] Shai : 18760
[10:35] RK : entered at 18790 with day low SL –
[10:35] Shai : NF trend ing down and as usual vwap will play a role
[10:35] Shai : Good 1 RK
[10:35] RK : thanks Shai.
[10:39] Shai : closing at 8285 F on watch toay
[10:39] Shai : close abv 8285 can mean a 40- 70 oint uspise tom to 8320- 8355
[10:39] Shai : F prices
[10:40] Shai : 18870 F is also that first supp which git broken so that clsing there on watcg
[10:43] Amit J : shai positionally how much downside can be expected
[10:45] Shai : 1 min pause- some running repairs needed
[10:46] RK : wow..seeing these curtains with that music first time here :))..pls change the colour of the curtains 🙂
[10:46] Rav : same
[10:47] r m : @RK, conditional formatting of curtain color 🙂
[10:47] Keshav : why i dont hear any music??
[10:47] RK : Yes RM that would be nice..
[10:47] RK : check your volume settings..
[10:48] RK : do you hear beep when RM or Shai comments?
[10:48] Kathir : keahv right side of screen unclick do not play music option
[10:48] Keshav : yes
[10:48] Keshav : that happens
[10:48] Kathir : increase ur speaker volume
[10:48] Keshav : nothings working
[10:49] Keshav : but i have a playlist all the time here in my room
[10:49] Kathir : charts on
[10:49] r m : 🙂
[10:52] Shai : Amit holding 8176 one leg up to maybe 8274/ 8295 then we see what volumes come there
[10:52] Shai : but worst case is 8066- 8036 spot
[10:53] Sharad : Shai INR becoming strong… what is support in weekly time frame sold USDINR today
[10:53] Rav : 8500ce huge writing
[10:54] Sharad : Equity should be stronger going forward ..
[10:56] Keshav : lot of ce writing
[10:56] Keshav : and vix is up
[10:56] Kathir : @rm what abt FII’s yest sold index fut?
[10:57] Keshav : yes i think so
[10:57] Keshav : over 25000 c i think
[10:58] r m : @Kathr, FII’s booked profit in long index futures, there was very little short addition yesterday
[10:58] Shai : yes usdinr has not reacted
[10:58] Kathir : mostly they will not give chance to retails..like today straight 100 points down and for retails SL will be huge to trade
[10:58] Kathir : @rm thanks ge
[10:58] Shai : abv 63.76 one trip to 64.02 is pending but if 63.59 reaktoday we should see 63.30
[10:58] r m : welcome
[10:59] Sharad : Shai i want weekly support longer … as we have traveled from 58.59 or something… so big correction
[11:00] Keshav : @rm do we check on net contracts for a series to understand if they are long or short or just yesterdays nos?
[11:01] Sharad : I think INR was waiting for this day to pass … it wants to get strong and correct entire up rally
[11:01] r m : @Keshav http://tinyurl.com/OIAnalysis2015
[11:02] r m : Participantwise data has both short and longs for each category
[11:02] Sharad : day low USDINR
[11:02] Sharad : 63.63
[11:02] Shai : Sharad 63.30 is weekly supp
[11:02] Rahul G : rm need your help I am not getting any messages on my nest terminal. I means the lower half screen where we see messages is there a short cut for the same.
[11:03] r m : @Rahul, will check
[11:03] Keshav : so here they have booked on 26806 contracts?
[11:03] Keshav : and opened 721 fresh shorts?
[11:03] Sharad : Rupee in demand by FIi.. means they are buying in cash in equity market
[11:03] r m : @Keshav, that is right
[11:04] Sharad : ok Thanks Shai..
[11:04] Keshav : @kathir @rm sorry i guess i misread
[11:04] r m : @Rahul, CTRL + L
[11:04] Shai : all particpants caught off guard by this gap down
[11:04] Shai : some reduced longs yesterday but no major shorts were there
[11:05] Shai : even FII ‘s long in index
[11:05] Shai : and clients cut shorts yesterday
[11:05] Rahul G : thanks rm
[11:05] Rahul G : do you have a list kya??
[11:05] Keshav : @shai if FII are losing money then whos making it
[11:05] r m : welcome
[11:06] Rahul G : hw come you have an answer so quick 🙂
[11:06] Keshav : @shai otherwise who brought the market down?
[11:06] r m : @Rahul, NEST > Preferences – it is mentioned there 🙂
[11:07] RK : seems fresh selling..any clues Shai?
[11:08] RK : NF delta moving up from 120/130
[11:09] Rav : FII bought huge PE between 8000-8300 to hedge Eq in start of series and encashing now alongwith ce writing from 8000 to ….
[11:09] Keshav : oh
[11:09] RK : 8234F again
[11:10] Shai : BNF
[11:10] Keshav : @rm is it possible to get this kind of data in excel sheet
[11:10] r m : @Keshav, yes
[11:10] r m : just download that file as excel 🙂
[11:11] r m : but you will need to update the data everyday from nse – here it is being done by someone else 😀
[11:12] Keshav : okay
[11:12] r m : IBL breaks
[11:12] Keshav : i have never seen a 200 pointer in nifty before
[11:12] Keshav : fall
[11:14] Shai : 10 L volume
[11:14] Shai : 2 hours
[11:14] Shai : tis will be a 20 L day easily
[11:18] Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/00e7b236-15ed-4b21-bdbc-eb8883815c86
[11:18] r m : Thanks Ravi
[11:25] Sharad : Shai it is one crore volume
[11:26] Rav : 8300CE writing . shifting between 8300-8500. 8000-8200pe oi is intact
[11:26] Shai : right shard
[11:26] Shai : 10 million
[11:26] Shai : looks like a stop huting move down
[11:27] Shai : back to vwap in NF
[11:27] Keshav : dpoc shift
[11:31] Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/8ff3982d-f70a-47eb-91a2-fb2a3749f914
[11:32] Rav : shifting of ce writing between 8300-8400-8500
[11:32] Shai : 28 point upmoves in NF and 70 points in BNF
[11:33] Keshav : 8400 puts and calls oi completely shifted
[11:36] RK : If we get FA today, it would be a classid day 🙂
[11:37] RK : *classic
[11:40] Kathir : @RK exited bnf long?
[11:41] Shai : there is an FA at 8492 now
[11:41] Kathir : yest high..what is the impact of FA for next trading days to come?
[11:43] RK : Yes Kathir at 18760 low break..moved SL higher as me got special talent to absorb freak quotes to eat my SL 🙂
[11:43] r m : 🙂
[11:43] Kathir : ok 🙂
[11:44] Shai : IB low was agood sl except that the market wanted to test them today
[11:44] Shai : could be an IB contaned day
[11:44] Shai : contained *
[11:45] RK : yes Shai..on the trending days they quickly make one spike above/below IB..
[11:45] Shai : yes
[11:45] Shai : 8234- 8255 spot now on watcg for res
[11:45] Shai : and closing
[11:56] Shai : 18699- 18723 spot imp in BN
[12:03] Shai : at 8248 ad 18778 comleted 28 and 66 points- (11:32) Shai :28 point upmoves in NF and 70 points in BNF
[12:03] Shai : quiet perio of trade coming up but could get volatile in afternoon again
[12:09] Shai : BNF can go down to 18576 if IBL breaks now
[12:10] Shai : spot can see that 18420- 18460 level
[12:12] Keshav : todays eod low is going to play crucial for days to come
[12:15] Kathir : @KESHAV NF wants to make you happy by showing -200 firrst time for you 🙂
[12:15] Keshav : hopefully
[12:16] Keshav : and i am short
[12:16] Porus : Shai, can that 18576 come today?>
[12:17] Keshav : if it break 8148
[12:17] Keshav : i would be really happy to carry over the position
[12:17] Kathir : 8148 spot ?
[12:17] RK : selling at lows have problem with SL
[12:17] RK : any SL will get hit 🙂
[12:18] Keshav : my sl is yesterdays last swing high
[12:20] Kathir : kesh good one man whats your trgt?
[12:20] Keshav : no targets
[12:20] Keshav : at this point in time
[12:20] Keshav : got to look at a retracement
[12:20] Keshav : how strong it is
[12:20] Keshav : right now not able to fix any price channels
[12:22] Kathir : is this low the todays max?
[12:23] r m : yes, so far
[12:23] RK : thought so when we made prev low last hour and entered longs but quit at cost as retracement was not appealing..will have to check the retracement now..
[12:23] Kathir : @rm i am asking whether this one will hold al the day from now
[12:23] RK : above dpoc tarrgeting VWAP in BNF could do well
[12:24] Keshav : yes rk
[12:24] Keshav : that seems like a possible trade price action wise too
[12:25] RK : NS held that 8193 low
[12:25] r m : @Kathir, 8212 was te low on 26th, first day of series http://screencast.com/t/7Nr7ERdlPq
[12:26] r m : but spot low was 8147 that day!
[12:26] Kathir : ok ge thanks
[12:26] RK : yes we had premium around 90 then
[12:29] Kathir : @rk crude they have intoduces mini lot from today is it?
[12:29] RK : yes right time 🙂
[12:29] RK : btw China retraced from lows and closed in green
[12:29] RK : waiting for Europe
[12:29] Amit J : what time eur opens
[12:30] RK : DAX and CAC opens flat
[12:30] Kathir : i dont know anything about that .
[12:30] Kathir : crude i mean
[12:30] r m : europe opens at 13:30
[12:30] RK : yes crude they introduced mini contracts
[12:31] r m : http://money.cnn.com/data/world_markets/europe/
[12:31] RK : RM If am right, DAX and CAC ticks are on
[12:32] Amit J : thanks rm
[12:33] r m : those must be futures trading elsewhere like sgx nifty 🙂
[12:33] r m : http://www.investing.com/indices/indices-futures
[12:33] Amit J : yes its future ticks.
[12:33] RK : yep futures only..
[12:34] Rav : 8300ce:15.77 writing. 8200pe buying on
[12:34] Kathir : @rm 26th dec hypo 1 was below 8259- 8202 🙂
[12:34] Kathir : sl 8278
[12:34] r m : US and Europe futures trade almost round the clock except for some time when sun is between Hawaai and Newzealand!
[12:34] r m : @Kathir, ok
[12:35] Kathir : i am searching for old hypo levels (past 10 days)
[12:35] r m : ok
[12:36] Kathir : to create my own levels 🙂
[12:36] Amit J : while no panic in 8300 put writers yet
[12:37] Amit J : 80 pts down still 8300 call writers are not able to capture the ground
[12:37] r m : @Kathir, 30th DEC was below 8240➜8212 SL 8276 🙂
[12:38] Kathir : @rm thanks..that time i was in banglore ..so did not not it 🙂
[12:38] r m : 🙂
[12:38] Kathir : so 8200 levels has a good supp at present
[12:38] RK : am not going to refer levels of whole last week where we had a sleeping market :))
[12:39] r m : lol
[12:39] r m : MO worked this time!
[12:39] Kathir : 🙂
[12:39] r m : It works invariably when you don’t expect it to work 😀
[12:39] Kathir : what MO now
[12:39] RK : mostly the whips are taking placed from the levels of low volume and narrow range markets
[12:39] RK : place
[12:40] Kathir : yest you said around 54
[12:40] Keshav : rm what are the overbought and over sold levels for MO?
[12:40] Keshav : it was around 57
[12:40] r m : +60, -60
[12:40] Keshav : okay
[12:41] RK : nice uptrend candles from low
[12:41] Keshav : no conformation yet
[12:42] r m : @Kathir, down to +13 right now
[12:42] Kathir : @RM how to take this +60 -60
[12:43] r m : +60 and above don’t enter fresh longs and below -60 no fresh shorts
[12:44] Keshav : this is nice
[12:44] RK : best trade in the world now is – short crude in the morning and cover it EOD like how you drop and pick up kids from school 🙂
[12:44] r m : one could buy OTM options too but remember that it has gone upto -120 to +140 in the past 😀
[12:44] r m : @RK lol
[12:44] Keshav : oh
[12:44] Rav : 8000-8200 : ce writing and pe buying
[12:45] Kathir : @RK we should not forget to pick in the eve
[12:45] r m : lol
[12:45] RK : Kathir Wife will not allow you to enter home 🙂
[12:45] Rav : if it is OTW out of way
[12:45] Kathir : true 🙂
[12:46] Keshav : @rav since 8300 added so many ce oi today
[12:46] Rav : if you are ITM or ATM, Wife will permit
[12:46] Keshav : can we consider that sellers are going to defend it
[12:46] Keshav : ??
[12:46] RK : RAV :)))
[12:47] Kathir : yes RAV 🙂
[12:47] r m : 🙂
[12:47] Rav : keshav ce is written
[12:48] RK : last week drawn some trendlines in 1 hr chart to check support resis in crude..and today none of the trendline is visible..all are gone hidden left top corner :))
[12:48] Kathir : thanks to obama
[12:49] Kathir : @RM ge +13 MO suggests no buyers ?
[12:49] RK : Shai can we try shorts here below IBL for BNF?
[12:49] RK : and NF too 5 points below IBL?
[12:49] Kathir : shais trgt 18577 is pending
[12:49] RK : SL for that?
[12:50] Keshav : 577 today??
[12:50] Kathir : 18760
[12:50] RK : ok
[12:50] Kathir : but confirm with shai again
[12:51] Kathir : keshav this is the level from shai..dont know it is intra or not
[12:51] r m : @Kathir, adv/dec 213/1208 got reflected in that MO
[12:51] r m : 213 still advancing so all buyers not dead!
[12:52] Kathir : 12:09 Shai : BNF can go down to 18576 if IBL breaks now
[12:52] RK : RM lol
[12:52] Keshav : ok
[12:52] Kathir : ok ge thanks 🙂
[12:53] Keshav : @rk @kathir do you guys have any private chat group or something
[12:53] RK : NF deta -90 from -300
[12:53] Keshav : i dont trade commodities
[12:53] Kathir : @RM normally we speak MO @ 90 + means reversal possible right
[12:53] Keshav : but would like to learn from people
[12:53] RK : No Keshav..we do enought chat here 🙂
[12:53] Keshav : ok
[12:54] Kathir : keshav no ..may be we can use gmail chat something like that if necessary
[12:54] Keshav : sure
[12:54] Kathir : but trading related no problem here
[12:55] Keshav : but everyone leaves room once the nse closes
[12:55] r m : @Kathir, +60 and above and -60 and below means broader market has been on buying or selling binge for too long so a reversal is expected there
[12:56] Keshav : i am planning to sit through commodities session starting from tomorrow
[12:57] r m : but very strong and euphoric markets can take it much above while capitulation can take it deep below, so MO has to be read with other market signals and not alone
[12:58] r m : http://screencast.com/t/FqGseAuqrDw8
[12:58] r m : that 18575 should be the range’s low
[12:58] Keshav : @rm thats a key zone
[12:58] Keshav : for both ns and bns
[12:59] r m : ok
[12:59] Keshav : key fractals
[13:08] Shai : some very weird pricing in options
[13:08] Shai : 8200 pe at 111 and 8100 pe at 77
[13:11] Keshav : http://imgur.com/se5uMoF
[13:11] Keshav : on daily charts
[13:11] Keshav : valid as long as yesterdays high is not taken
[13:12] Amit J : what is nifty vwap for current mth
[13:15] Porus : Shai, what is SL for the trade to 18576?
[13:16] Shai : porus 18810
[13:16] Shai : amit 8279
[13:20] Keshav : delta at days max
[13:21] Shai : delta is alo having a wild party today
[13:22] Shai : lots of peple trading 20- 30 point moves both ways
[13:22] Shai : vol nearing 130 L
[13:22] RK : yes coz many might have missed the positional gap down
[13:22] RK : want to cash something on this kind of day
[13:23] Keshav : http://imgur.com/jeUTura
[13:23] Keshav : 1 min chart
[13:24] Kathir : @RM sorry out kya kiya 🙂
[13:25] Kathir : for lunch
[13:25] Keshav : i guess its kaya @kathir
[13:26] Keshav : i dont know for sure though
[13:26] Kathir : ok 🙂 kya kaya right
[13:26] Keshav : m planning for some biryani after market hours
[13:26] Kathir : past two delta percentage close shows buers in NF
[13:27] Kathir : oh i think you like biryani very much
[13:27] Keshav : yes
[13:27] Keshav : very much
[13:27] Kathir : it is very special in hyd
[13:27] Keshav : its special wherever i go
[13:27] Keshav : sometimes i cook myself
[13:28] Kathir : ok 🙂 wow .so if i come to chennai can have keshav made biryani
[13:28] Keshav : sure. but i can take you to places where they cook woodenfire biryani
[13:28] Shai : vwap touch and down
[13:28] Kathir : both sent back from vwap
[13:31] Kathir : after 12.15 some buyers enterred?
[13:31] Keshav : yes seems like
[13:31] Keshav : delta really changed there
[13:31] r m : @Kathir, sorry, got disconnected
[13:31] Kathir : yeah
[13:31] Kathir : ok ge
[13:32] r m : @Kathir, menu was daal, aloo-gobhi (potato and cauliflower), roti, carrot pudding (Gajar-ka-halwa) 🙂
[13:32] Keshav : wow
[13:33] Keshav : i miss gajar ka halwa
[13:34] Keshav : also thandaiee
[13:34] Kathir : wow.. gajar is it sweet taste?
[13:34] r m : very easy to make if you are a lazy guy like me – buy a huge borosil vessel and microwave grated carrot and milk in equal quantity for a couple of hours 😀
[13:34] Keshav : used to love it delhi
[13:34] r m : don’t serve it to anyone else, they will criticise the taste 🙂
[13:35] Keshav : with some safron, sugar and some nuts to garnish
[13:35] Kathir : 🙂
[13:35] Keshav : and elachi also
[13:35] r m : yeah, that goes without saying!
[13:35] r m : generally speaking, add whatever could make it tasty 🙂
[13:35] Keshav : yes
[13:36] Kathir : to make it spicy
[13:36] Kathir : buyers attcking vwap again
[13:36] RK : morng pul back high in NS 8235
[13:36] Keshav : its going to find some strong resistance there
[13:36] RK : seems NS not intrested to there again
[13:37] Kathir : 8235?
[13:37] RK : 3 nice trips done between dpoc and VWAP in BNF..4th is on?
[13:37] RK : yes Kathir on spot
[13:38] RK : no – 3rd trip is extending 🙂
[13:38] Kathir : ok
[13:40] Keshav : today the redlines are no where to be seen
[13:41] Rav : 18700 Spot is caught in between SBU and LBU
[13:42] Kathir : SBU LBU?
[13:42] RK : short and long buildup
[13:42] Keshav : lets do IBL
[13:42] Kathir : ok 🙂
[13:43] Rav : short wins
[13:45] Kathir : hul up 1 % is it heavy weight?
[13:49] r m : yes, but not in top ten http://www.nseindia.com/content/indices/ind_cnx_nifty.pdf
[13:50] Kathir : thanks RM ..yeah it is not in top10
[13:50] Keshav : when i start any business
[13:51] Keshav : RM is my mentor
[13:51] r m : lol
[13:51] Kathir : @keshav you are in Q
[13:51] r m : you should choose wisely Keshav, business is a serious business 🙂
[13:52] Keshav : yes
[13:52] Keshav : i strongly believe i would able to create value and make money
[13:53] r m : Yes I am sure of that – I only meant choose your mentor wisely 😀
[13:53] Keshav : oh m sure about that
[13:54] r m : just think of those who have known me for umpteen years but would not touch my mentorship with a barge pole 😀
[13:56] Keshav : i guess i can handle failures better
[13:56] Rav : this 8200 and 18700 spot is locked
[13:56] r m : @Keshav, then I am the perfect one 😀
[13:57] r m : vwap challenge
[13:57] Kathir : 🙂
[13:59] RK : Shai any sign of positional long if we close above 8634 and 18760 F?
[13:59] RK : oops 8234
[14:08] Rav : 8000pe appears to be writers position and 8200-8300pe seems to be buyers position
[14:09] Keshav : shorts booked
[14:09] Keshav : the one taken at vwap
[14:12] Keshav : we are going into days low
[14:13] RK : or back to vwap as the fall is slightly earlieer than close
[14:15] Keshav : there could be a move back up
[14:15] Keshav : but looking at the strength
[14:15] Kathir : @kesh good trade man
[14:16] Keshav : thanks kathir
[14:16] Kathir : nf or bnf?
[14:16] Keshav : we might be in for some more selling or else buying has to come with some strength
[14:16] Keshav : nf
[14:16] Rav : strength?
[14:17] Keshav : 1 min chart
[14:17] Keshav : it took quiet a long time to move from low to vwap
[14:17] Keshav : the fall from vwap was quick
[14:18] Keshav : so signifies bit of stregnth from a price action point of view
[14:18] Keshav : but not an important factor
[14:19] Keshav : we broke through
[14:20] r m : wow!
[14:21] Rav : 14:08 Rav : 8000pe appears to be writers position and 8200-8300pe seems to be buyers position
[14:21] r m : @Keshav, now 220 from yesterday’s close, your first double century!
[14:22] Keshav : oh nice
[14:22] Keshav : someday i would like to see it without a gap
[14:23] Kathir : bought nf 8206 SL 8170 spot
[14:24] B N : looks like we are in for 18k before this weekend
[14:24] Kathir : SL gone
[14:25] Keshav : rapid selling
[14:25] Rav : 8200pe 111 to 135
[14:25] Keshav : another 100 points might be in place
[14:26] Keshav : all said 8148 spot is the key
[14:26] Kathir : keshav congrats nf -200 🙂
[14:26] Keshav : i didnot expect that this would happen
[14:27] Rav : 17 lacs 8300ce writers are still on
[14:27] Rav : to push it down
[14:28] Kathir : ok
[14:28] Keshav : oh
[14:28] Rav : 1 more hour
[14:28] Keshav : yes
[14:28] RK : lets finish that 18576 business today 🙂
[14:29] Shai : heavy selling in that last drop
[14:29] Shai : esp BNF
[14:31] Kathir : nf delta +50
[14:31] Shai : holding 8147 F tom may be the bounce upto 8282
[14:31] RK : it was actully better before selling started
[14:31] Rav : Put buyers started with 8300 then 8200 and now started 8100 buying
[14:32] Kathir : 8147 spot shai?
[14:32] Shai : F
[14:32] RK : not much bounce from lows and we are in the last hour
[14:32] Shai : don’t buy yet – wait close may be at lows
[14:32] Kathir : oh sorry didnt notice..thanks
[14:33] Rav : exchange closing due to margin issue may trigger selling since many heavywights are 3-4% down
[14:34] Shai : 2010 is supp for those watching spx futures today
[14:34] Rav : exchange or brokers selling
[14:34] Shai : if 2010 breaks expect another fall to 1975/ 1962
[14:34] Shai : true Ravi
[14:35] Keshav : are exchanges allowed to trade??
[14:36] Rav : 8000pe oi added 3.84 lacs and became highest oi due to put writers position
[14:36] Rav : M2M would have got triggered in exchange to close position
[14:37] Keshav : @rav what is M2M?
[14:37] Rav : my god
[14:37] Keshav : sorry hearing the whole concept for the first time
[14:37] Rav : watching 8100pe
[14:38] Rav : without M2M ,How do you carry position
[14:38] Porus : Shai, is that bnf 18577 still probable?
[14:39] RK : RM, so marker 8000 has its own value 🙂
[14:39] r m : lol
[14:39] Kathir : 🙂
[14:40] Shai : yes Porus 186577- 597
[14:40] r m : USDINR stagnating? http://screencast.com/t/mUQbGpXLz
[14:41] Keshav : sorry what is the expansion for M2M
[14:41] Shai : 18577- 597 obj of the move
[14:41] r m : mark to market
[14:41] Rav : 8100pe from 90-100
[14:42] Keshav : oh okay
[14:43] Sharad : to flush out bulls market is trying to go one tick below 8165…. expiry day low
[14:43] Kathir : @keshav we are not paying the full value for buying futures..if your script goes down you have to either close the position or pay the margin amont required immediately
[14:44] Mandar : GA All. Shai view on Reliance on short side pls.
[14:44] Keshav : but most of the players would be cautiously taking positions considering their margins right??
[14:45] Rav : 8300ce writer gain 100
[14:45] Keshav : i guess i might as well see 250 today
[14:45] Kathir : yeah but big fall in a single day will create margin problems
[14:45] r m : yes Keshav, but many stretch their postions to the max pemissible, so when margins are increased by exchange on enhanced volatility they are forced to square off positions
[14:45] Shai : RIL downside in the short trem may be over if 830 – 828 holds
[14:46] Mandar : ok
[14:46] Porus : 18577
[14:46] Shai : 18570
[14:46] Keshav : yes 8148 taken out
[14:47] Shai : if that 18400 breaks we say bye bye to new highs even in BNF for next 6 months
[14:47] Sharad : yes 8162 done….now go INR
[14:47] Shai : 18400 spot
[14:47] B N : we might have 18k by tom itself
[14:47] B N : a gap down to 18300 and then…..
[14:47] Keshav : @shai carrying the same opinion
[14:47] Shai : 8148 almost here
[14:49] Rav : Exchange unplugged terminal
[14:49] Rav : as told
[14:50] Shai : perfect
[14:50] Kathir : @keshav why cant you try to see sensex down 1000 points in a single day
[14:50] Shai : so used to what’s app icons – feel a loss here to express 🙂
[14:50] Rav : 8100pe at 114
[14:51] Shai : 8148 counter trend buy into 3.10 before down again
[14:51] Kathir : @rav- Exchange unplugged terminal?
[14:51] Keshav : even i didnot get that
[14:51] r m : @Shai, ask omnovia to introduce emticons here 🙂
[14:51] Rav : for many
[14:51] Shai : upto 8199/ 8220
[14:52] Porus : Shai, any further downside to bnf today?
[14:52] Shai : Porus book
[14:52] r m : @Kathir, not allowing the defaulting brokerages to take fresh positions I guess 🙂
[14:52] Kathir : oh ok
[14:52] Shai : 18410 spot pending but a rise may come
[14:53] Keshav : @kathir. we will keep that wish on after some retracement
[14:53] Porus : What is premium on bnf? Spot price not showing.
[14:54] Keshav : 85
[14:54] RK : 85
[14:54] Kathir : nf 30
[14:55] Keshav : this might sound real dumb but if anyone could answer would be great
[14:55] Keshav : are brokerages allowed to trade on clients money
[14:55] Keshav : if the brokerage somehow defaults what is the resort then?
[14:57] Shai : 8185
[14:57] Rav : as low of 8000 is punched, many may not know where to put SL AND Tomoroow TA charts will give erratic points
[14:58] r m : @Keshav, normally they don’t, at least none of my brokerages have defaulted till date!
[14:58] Rav : first cut at 2.45 and at 3 and then will be at 3.15
[14:58] r m : but there are many smaller brokerages which do and go belly up 🙂
[14:58] Shai : es that one at 3.10 is the intra dayer margins
[14:59] Shai : all te leveraged players have to close then
[14:59] Amit J : shai u mean again short at 3.10
[14:59] Amit J : ?
[14:59] RK : if we get 8200, we can short..
[15:00] Kathir : @RM todays FII and DII data will be interesting
[15:00] Shai : Amit day structure is a close at lows
[15:01] RK : Shai do you think bull market can change overnight without any rise..we hardly seen a rise intraday today..whats your view?
[15:01] Rav : for getting yearly dividend with 31 st March,
[15:01] Shai : RK one day will not impact
[15:01] Rav : both would have bought heavily
[15:01] Shai : But this bull of 2015 will not be like 2014
[15:02] Shai : In my view we are in a 7200- 8800-8900 kind of zone all year 2015
[15:02] Kathir : @rav who sold then
[15:02] r m : @Kathir, DII have been selling in Index Futures for last many days
[15:02] RK : got it
[15:02] Rav : those with fear and for want of margin
[15:02] r m : I think FII would be selling in cash as well as futures today
[15:03] Kathir : ok both
[15:03] Kathir : @rav small players cannot create such down in a single day is it?
[15:03] B N : everything falling – all commodities are crashing except silver
[15:03] Shai : yes
[15:04] Rav : only fno players
[15:04] Kathir : @BN dont worry HUL up 2% today miracle 🙂
[15:04] Kathir : ok
[15:06] B N : with crude everyday- one can sell at open and book at 11.30 pm – 100 pts guaranteed
[15:06] RK : Kathir mostly FMCG hold on the bearish day
[15:07] Kathir : ok RK
[15:07] Keshav : yes we did 250
[15:07] RK : am wondering what they will do for the next 25 mins
[15:08] Kathir : they will to make keshav happy with sensex down 1000
[15:08] Kathir : try to
[15:09] Rav : exchange cutting since m2m triggers
[15:09] RK : time to shift focus into 8066 spot tmw or may be today itself
[15:09] Kathir : oops bnf spot almost 18400
[15:10] Kathir : goneeeeee
[15:10] Kathir : Shai?
[15:11] Shai : this is margin pressure
[15:11] Rav : 8100 still maintains but bn shifted from 18700 to 18400
[15:11] Shai : much before 3.10
[15:11] Kathir : 18392 low bn spot shai
[15:12] r m : @Kathir, Shai wanted 900 from Nifty spot top at 8626 and you know he always gets what he wants 🙂
[15:12] Kathir : oh is it ..very true
[15:12] Kathir : so another 400 is there for bears
[15:13] r m : from blog – The drop from 8626 to the low made on 17/12 of 7961 measures 665 points and violates the 450 points done previously. In such a case the market should drop by an extra 450 points and round off the correction by dropping a total of 900 pints.
[15:13] Kathir : wonderfull
[15:13] Shai : counter trend trades taken here will have sl of 8148 for tom first 3o mins
[15:13] Amit J : tgt?
[15:14] Shai : tgt 8230/ 8252
[15:14] RK : amen 🙂
[15:14] Shai : sellers should come back at 8230/ 52 tom
[15:14] Shai : will post accurate number on blog
[15:15] Shai : if this low of today breaks again before friday then we are looking at steeper falls in Jan
[15:16] Shai : chance of a gap down is less in NF and BNf but position size as selling has come on heavy volumes
[15:16] Shai : almost 200 L
[15:17] Keshav : @shai according gap theory
[15:17] Keshav : todays low is important
[15:19] Shai : at that 18400 spot is also vwap of BN dec
[15:20] Rav : 8400ce oi:49.5 lacs sizeable buildup as on date
[15:20] B N : can carry shorts?
[15:20] r m : sensex low was 900 points down from yesterday’s close, who wanted 1000 points? 🙂
[15:21] RK : 2015 started with a bang for media 🙂
[15:22] Shai : BN good profits book Max – can short on bounce
[15:22] RK : pity NSE spending so much on ad cost and all go in vain now
[15:22] B N : ok – no gap down?
[15:25] r m : @RK, now we will have ads highlighting the advantages of SIP 🙂
[15:25] Kathir : 🙂
[15:25] Kathir : @shai will usd/inr go up today eve
[15:26] Kathir : around 64 today
[15:26] Shai : RK there was a feeling lasy year- that for the biggest bull market in the world the NSE was not doing enough
[15:26] Rav : Prebudger Rally needs Free Fall first
[15:26] RK : 🙂
[15:27] Rav : if gap down is there tomorrow, exchange will be halted
[15:27] RK : true Shai..they can pull up socks but I doubt if we start the year like this 🙂
[15:28] RK : RAV – I hope we are not into that segment now..too early for bears to halt trading 🙂
[15:28] Rav : not bear .but margin issue in the start
[15:29] Keshav : oh margins would play such a big role
[15:29] r m : @Rav, no chance man, LIC will be there at pre-market with wagons of cash 😀
[15:29] Rav : 18700pe,8200-8100pe gave nice ….
[15:29] Keshav : i always thought the big players would run our of margins
[15:30] RK : Rav as today is the first day of the fall, I dont think it will stretch to that level untill unless we have 300 down at Dow
[15:30] Shai : releif for bulls is here
[15:30] Shai : Bye all
[15:30] Keshav : @rm LIC so they insure against fall??
[15:30] Shai : Have a nice evening
[15:30] RK : bye all
[15:30] Rav : there will not be any big gap down opening is what i am alluding here
[15:30] Kathir : thanks and bye all 🙂
[15:30] Rav : bye all
[15:30] Shai : closed at lowest point
[15:30] r m : Thanks and bye folks, have a great evening 🙂
[15:30] Keshav : good day everyone
[15:30] Porus : byr
[15:30] Keshav : time for lunch
[15:30] Amit J : bye, desperately waiting for your comment
[15:31] Keshav : feeling hungry
[15:31] r m : @Keshav, they like to buy at lows and keep market stabl
[15:31] r m : *stable’
[15:31] Keshav : oh