General Chat Transcript
Date and Time: January 07, 2015 09:20:28
[08:53] r m : Good Morning folks!
[08:53] r m : http://vtrender.com/levels-and-plan-for-7th-jan/
[08:53] r m : http://vtrender.com/premium/orderflow-charts-and-notes-0601/
[08:53] Keshav : morning shai rm
[08:53] Porus : GM all
[08:54] r m : Hi Keshav, Porus
[08:54] r m : NF Hypo1 below 8130➜8082➜8062 SL 8152 Hypo2 above 8153➜8191-92➜8238 SL 8140 JAN Future levels
[08:54] r m : BNF Hypo1 below 18440➜18255➜18064 SL 18555 Hypo2 above 18625➜18770➜18820 SL 18540 JAN Future levels
[08:55] Keshav : spx retraced a bit
[08:56] Shai : GM all
[08:57] Keshav : morning shai
[09:01] Keshav : http://imgur.com/qLkl88l
[09:01] Keshav : price channel
[09:01] Keshav : update
[09:02] Porus : Shai, what target for booking longs from y’day closing?
[09:03] Shai : POrus strict sl at 8139 tgt 8191/ 8233
[09:03] Shai : if we stay below y’day lows being a trend day we have to exit
[09:06] Sharad : GM all
[09:07] Keshav : hi sharad
[09:07] Sharad : Hi Keshav
[09:07] Sharad : back to back big days…in ES
[09:07] Keshav : yes es is volatile
[09:08] Kathir : GM Shai RM and all friends
[09:08] Sharad : big down days without any reason are bullish later
[09:09] Sharad : so i guess 8082-62 Shai level should be last
[09:09] Sharad : if new high is going to come
[09:10] Keshav : in that case we have rise with the same strength
[09:10] Sharad : USDINR certainly says so…
[09:10] Sharad : yes keshav and jan is results month also
[09:11] Sharad : ECB QE on 22/1
[09:11] Shai : infy is on fri evening not morning
[09:11] r m : Hi Kathir
[09:11] Sharad : yes 4:30pm
[09:11] Keshav : oh
[09:11] Shai : that’s a change
[09:13] RK : GM all
[09:13] Shai : yesterday’s panic was created by Fii’s exiting long contracts in F
[09:14] Keshav : yes
[09:14] Shai : massive 115000 + closed in longs
[09:14] Shai : refer RM’s MO note
[09:14] Amit J : shai if we break yesterdays low than do you still think that 8178-8216 will come
[09:14] Keshav : @rm thanks for arrowmarks on the excel screenshot
[09:14] Keshav : was able to understand how to read it finally
[09:15] r m : @Keshav, in case of any difficulty feel free to mail me
[09:15] Shai : yes Amit if we dip to 8042 the upmove should be upto 8147/ 76 spot
[09:15] Keshav : sure rm
[09:16] Keshav : i ll do that
[09:19] Shai : trying to hold yesterda lows
[09:19] Shai : could be the U kid of day after a steep fal
[09:19] Shai : 1st rise will be sold
[09:19] Shai : *kind
[09:20] Amit J : 8178 is spot right
[09:20] Shai : 8191 in foucs
[09:20] Shai : yes Amit
[09:20] Shai : updated weekly spot on blog
[09:21] Shai : bulls will like a close abv 8185 today on spot
[09:22] RK : hope atleast one try by them to reach there intra
[09:22] Shai : roughly 18515 close if the tgt f BN bulls on spt
[09:26] Shai : watch the anomalies on NF chart
[09:26] Shai : 1st anomaly done
[09:26] Kathir : @SHAI you mentioned 18400 bnf spot ..todays low 18303
[09:26] Shai : 8216 is the other 1
[09:27] Shai : yes Kathir 18400 is imp for the weekly close
[09:27] Kathir : ok
[09:28] Amit J : shai anotomy tgt is of 8178-8216 is spot or future
[09:29] Shai : F
[09:29] Amit J : ok i was asking that only
[09:32] Shai : ok
[09:32] Shai : intra day prefer t use Futures, spot is for closings or change in trend etc
[09:33] Shai : or bigger TF
[09:34] Shai : 8130 is where the short activates
[09:34] Shai : already seeing 2 time frame
[09:34] Shai : can’t get aggressively long cos after a big volume fall there are people wnating to get out the next day on rises
[09:35] Amit J : lot of margin calls are expected today around 10.30 due to rise in vix and mtm
[09:36] Shai : yes
[09:36] Shai : brokerages would be calling for closure of leverage from 8 am
[09:37] Amit J : vix rise was a bigger worry than mtm
[09:38] RK : the was ES bounced from lows last night was amazing..the way the ticks were going down in first few hours was like end of the world 🙂
[09:38] RK : *way
[09:38] RK : after a long time had seen ES live
[09:39] Keshav : @rav is not here today??
[09:40] Rav : 8000pe writing is on. bullish
[09:40] Kathir : there he is 🙂
[09:40] Keshav : hi rav
[09:40] Rav : GM all.Just entered
[09:41] Kathir : Hi Rav
[09:44] Rav : Jan 29+ dec 5 days:34 days
[09:44] Kathir : big setlmnt
[09:45] Kathir : only one extra holiday 26th
[09:45] Keshav : thats nice
[09:45] Rav : 34-8:26th and 29-21:8th is the crucial dates for option .
[09:45] Rav : Today is 7th .
[09:46] Keshav : i guess market professionals enjoy the most no of holidays
[09:47] Kathir : @whats is that 34-8 and 29-21 ?
[09:47] r m : @Keshav, no – 15 holidays this year, I think that is the norm for public holidays in most states http://www.nseindia.com/global/content/market_timings_holidays/market_timings_holidays.htm
[09:47] RK : 8 daysfrom start and prior to expiry I guess Kathir
[09:48] Rav : 8100-8200 both pe and ce LBU
[09:48] Sharad : Ravi could not understood numbers …8th day is important is it?
[09:48] Keshav : @yeah seems like
[09:48] Kathir : 8th of every month?
[09:49] Rav : First 8 days of Month option buildup and last 8 days for playing
[09:49] Kathir : last 8 of setlmnt date or month end?
[09:50] Rav : option greeks data
[09:50] Sharad : so tomorrow is last day for them to build positons right?
[09:52] Porus : Rav, formulae in NIFTY TREND col of xls file need change? Both call and put LBU cannot be bullish.
[09:53] r m : @Porus, normally that should indicate rangebound days
[09:54] Rav : must see PCR and interpreted.now
[09:54] r m : ok, thanks
[09:54] Rav : pl see 8000 pe
[09:56] Rav : 63.47 lcs
[09:56] Rav : 8400ce 52.88 lacs .decent buildup
[10:04] Kathir : @rav 8000 pe written?
[10:08] Rahul G : shai any views on apolllo tyre
[10:10] Kathir : @rahul for long or short?
[10:11] Rahul G : short kathir 🙂
[10:11] Rahul G : had taken a short at 222.9
[10:11] Rav : 8000pe is written.highest addition.
[10:11] Kathir : ok wait for shai’s levels and Sl 🙂
[10:12] Kathir : @rav thanks
[10:14] Kathir : ntpc making bulls hppy
[10:14] Kathir : happy
[10:16] Keshav : @everyone could anyone check for low in pe 18000 yesterday
[10:16] Kathir : @RM aus 565/6 and the lowest score is 58 🙂
[10:17] Kathir : all six scored more than 50
[10:18] r m : @Kathir, soon their score will be higher than Reliance Price 🙂
[10:18] Kathir : lol
[10:19] Kathir : you are insulting ambani’s or indian bowlers 🙂
[10:20] Keshav : or just both
[10:20] RK : declared 🙂
[10:20] Kathir : 🙂
[10:21] Kathir : raina has to bowl 16 overs to help full time bowlers take rest
[10:22] r m : they must be suffering from muscle cramps!
[10:22] Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/e050b5e6-b0ea-4288-9d3d-64ae374e064f
[10:23] Kathir : @RK australians finally declared and saved reliance 🙂
[10:23] r m : lol
[10:24] r m : Thanks Rav
[10:25] RK : 🙂
[10:25] Kathir : thanks rav..is this data included todays also?
[10:26] Rav : yes
[10:27] Kathir : ok got it …last update 10.19 jan 7 th
[10:28] Kathir : @rav so ce is bought and pe prfit booking right
[10:28] Rav : More they push Index down., More the Premium they receive from 8000pe so that writing is more profitable.Once oi becomes more than say 90-100 lacs, they will push Index up
[10:30] Kathir : oh ok
[10:31] r m : aha! that is why folks get excited when OI on a strike exceeds 1 crore!
[10:33] Kathir : now rav chart – 8000 pe has highest OI 64 laks
[10:34] Kathir : @RM what a start ind 0 for 1..
[10:34] Rav : 65.34 lacs
[10:36] r m : @Kathir, that is what they call being aggressive!
[10:38] Kathir : may be M vijay showed his aggressiveness to indian selectors.bcoz he was not included in WC team
[10:39] Rav : change in OI: 8200ce 603750 8000pe 630550
[10:40] Kathir : @rav how do you find whether it is actually bought volume or written volume
[10:40] Rav : For every buy,there is a sell
[10:40] Rav : those 2 only form single contract
[10:41] Kathir : oh ok thanks
[10:42] Porus : Rav, are there any action points now?
[10:43] Rav : nil
[10:44] Keshav : nifty spot could move to see some upmove
[10:44] Keshav : if 8140 is taken enroute now
[10:45] Rav : 18000 ce pe 31100 31250
[10:45] Shai : rahul apollo short below 221.5 is okay tgt 215.6/ 213.3
[10:45] Rahul G : thanks shai
[10:45] Shai : wc
[10:49] Rahul G : also tatachemical plz 🙂
[10:51] RK : Shai, this means positional and short term players playing contra? (09:34) Shai :already seeing 2 time frame
[10:55] Shai : yes in the intra space we see 2 timefrmes operating
[10:55] Shai : so mean reversion works
[10:56] Shai : unlike yesterday where it was one time frame and markets stayed away from vwap
[10:56] RK : fine
[10:57] Shai : some fertilizers news announcemnet expected
[10:57] Shai : at noon
[10:57] Keshav : okay
[10:57] Shai : watch tatachem and UPL
[10:57] RK : you were talking about 2010 ES yesterday..any follow up on that?
[10:57] Shai : both have hit max downsides on weekly like NF and yesterday lows are sl for any longs
[10:58] Keshav : @shai added to my watchlist thanks
[10:58] Shai : yes weak below 2010
[11:00] Shai : just checked pib.nic.in
[11:00] Shai : press conf at 12 noon acc to that
[11:05] Amit J : rcf is better play
[11:06] Shai : ok
[11:07] Shai : rcg vols shot up
[11:07] Shai : rcf**
[11:09] Shai : 67.4 is supp intra for 70.1/ 71.3
[11:10] Kathir : rcf not in F&O
[11:14] Porus : nf approaching vwap band
[11:15] Kathir : hypo1 nf
[11:30] Keshav : booked shorts completely
[11:30] RK : break of 8040 and 18200 spot should trigger margin pressure
[11:31] Kathir : keshav congrats man
[11:31] Keshav : thanks kathir
[11:32] Keshav : that was totally not me trade
[11:32] Kathir : ok
[11:35] Rav : If EOD signal is sell , we have to take sell signal only for intraday in bearish day
[11:39] Kathir : ok
[11:44] Rav : comfortably they are writing 7900 and 8000 pe at higher price
[11:44] Rav : undertone is bullish in that
[11:46] Keshav : should take out todays highs atleast by tomorrow
[11:46] Keshav : we clearly broke out of yesterdays trend
[11:46] Keshav : today there is not much of strength into selling
[11:47] RK : Keshav too early to call that
[11:47] Keshav : we could reverse in next few hours
[11:47] Keshav : yes rk just forming opinions
[11:59] Rav : 8000pe written ( sold )a t 102 is now 92 and 7900pe of 74 at 64
[12:00] RK : finding it hard to climb IB
[12:00] Rav : 8400ce oi 60.01 lacs ?
[12:08] Kathir : nf delta negative high
[12:08] Kathir : bnf too
[12:14] B N : NF Hypo1 below 8130➜8082➜8062
[12:14] B N : just sit back and watch it hit the tgt?
[12:15] Shai : 18312
[12:15] B N : similarly Hypo1 below 18440➜18255➜18064
[12:15] Shai : sell side getting legs
[12:15] B N : shai can we sell 8000 by tom?
[12:15] Keshav : @shai what does that mean??
[12:17] B N : in 7800pe – 10L buyers vs 1L sellers
[12:21] Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/6de589cc-3d3f-4693-b8f7-2dafdb67e5c2
[12:22] RK : Rav I implies that 8000-8300 range as of now..
[12:22] RK : It
[12:23] Rav : 8000-8400
[12:23] RK : Thanks
[12:23] Rav : 8000 and 8400 are sup and res
[12:23] RK : yes
[12:24] Rav : 8066 and 8333 spot are ranges
[12:24] Keshav : i would be happy if it retraces back to 8200
[12:24] Keshav : spot
[12:25] RK : any rise is being sold off..if it has to go to 8200 then you need a squeeze here which I doubt
[12:25] RK : lets see how the day unfolds…If FII are selling index, then its worse..
[12:26] Keshav : hmm.true
[12:28] RK : RM makeup for europe open? 🙂
[12:29] RK : highest bounce since morning in NF 52 points
[12:30] Shai : yes
[12:30] Shai : bounce from 8065 spot
[12:30] Shai : still not good if vwap is not taken
[12:31] RK : this one so far done 36
[12:32] RK : highest was in the morning
[12:35] RK : IB doors comfortably open..but VWAP gate is there
[12:36] B N : sell with vwap + 20 as sl in nf?
[12:37] RK : BN always the first touch towards VWAP trade pays
[12:40] Shai : 18200 spot holding intra
[12:40] Shai : longs abv vwap with IBL as sl
[12:41] RK : last time break of 18200, we have seen Shewag type 400
[12:41] RK : on the downside
[12:44] Keshav : dpoc shifts in
[12:45] RK : now this becomes biggest rise since morning
[12:45] RK : Shai intra longs – can we target IBH?
[12:47] Keshav : again 8140 spot is going to play crucial
[12:47] Shai : tes tgt is IBH
[12:47] Keshav : a good break through could push in conformation
[12:49] B N : a revisit to 8096 from here
[12:52] RK : NF Hypo SL saved marginally..
[13:00] Shai : buyers getting atoes hold
[13:01] Shai : showing response at vwap after 2 sessions but still early days
[13:07] Kathir : @rav how abt 8000 pe OI now?
[13:07] Kathir : and 8400 ce also
[13:08] Keshav : both increased
[13:09] Rav : 70.5
[13:09] Keshav : bnf seem to lack strength
[13:09] Kathir : ok thanks rav
[13:10] Rav : 8000-8200 pe very good buidup
[13:10] Kathir : ok
[13:12] Keshav : nf the lone ranger
[13:13] Shai : 2 sided auction
[13:13] Shai : begining of a balance curve
[13:13] Shai : mid point is 8140/ 18445
[13:14] Shai : 18400 spot is the next big number in BN
[13:14] Shai : 18340 now
[13:15] Porus : 18430?
[13:15] Shai : spot number
[13:16] B N : pink in bn – sold at 480 shai – can expect 255 eod?
[13:16] B N : sl 530
[13:16] B N : nf is the villain for bears here
[13:17] Shai : Type of profie suggests a close at vwap today in both
[13:17] B N : BNF Hypo1 below 18440➜18255➜18064 SL 18555
[13:17] B N : hypo1 giving reentry
[13:18] Rav : 8000pe writing is heavy and short
[13:18] Shai : slight error in tat 255, should have been 295 tgt
[13:18] Rav : they sold at 102 and will amke it 46
[13:19] r m : ok, 306 already done once
[13:19] Shai : in keeping with the spot view of 18200 weekly
[13:20] Shai : BN has to make up it’s mind in this 18200- 18400 zone
[13:20] Shai : already weak below 18400 spot for the positional player
[13:20] Shai : momentum is all down below 18200 for 17800 minus
[13:22] r m : @Rav, time decay will bring 8000PE to 46 in 11 days (if vix does not change)
[13:22] r m : at same price of NF
[13:22] RK : 18400 is saved marginally by close yesterday..
[13:22] Rav : today itself they may make since heavily written at 102
[13:23] r m : ok, today a touch of 8290-8300 will do that trick
[13:23] RK : RM I was about to ask that..what level in spot would make it to 50 levels..
[13:24] r m : for today?
[13:24] RK : in a day or two..say tmw
[13:25] r m : actually calculation with spot in option calculator will need interest rate and dividend if not for intraday 🙂
[13:25] RK : fine fine ..let us have 8290 F in mind..thanks 🙂
[13:25] r m : interest rate is OK but I don’t know how to fill the dividend figure 🙂
[13:26] Keshav : dividend should be zero
[13:26] Keshav : i guess for index
[13:26] RK : even fund managers sometimes stuck with dividend figures 🙂
[13:26] r m : no it is not zero
[13:26] Keshav : oh
[13:27] Rav : dividend must when it exists
[13:27] Keshav : i always thought dividend section is only for stocks and not for index
[13:27] r m : any divident being paid out between today and date for which you need to calculate the option premium needs to be entered here
[13:27] B N : shai crude is falling daily 100 pts – so mkts are bound to tank big time?
[13:27] B N : crude about to break 3k
[13:29] B N : yday last hour saw bn tank 300+ – today repeat?
[13:29] Rav : keshav,imagine all nifty50 stocks announces dividend, spot price will get adjusted
[13:29] Keshav : hmm
[13:29] r m : @Keshav, Index is a composite of stocks only, so dividend of stocks in proportion of their weightage in nifty is used for calculating index dividend
[13:30] Keshav : ok
[13:30] Shai : the joke on creude when it broke $50 yesterday was tat it now is cheaper than Bisleri per litre
[13:30] r m : 🙂
[13:30] Shai : not a joke- it is a fact now
[13:31] r m : link for daily PE, PB, Div Yield http://www.nseindia.com/products/content/equities/indices/historical_pepb.htm
[13:31] Shai : 199 litres at 63 to the dllar- do that math comes to 19 bucks
[13:31] Shai : *159 litres
[13:32] r m : and bisleri’s extraction cost is practically nil 🙂
[13:32] Shai : 20 bucks + refiners + taxes and we pay about 65- 72 per litre at the pump
[13:33] Keshav : goverment shouldnt allow private players in packaged water industry
[13:33] Keshav : not at all good
[13:33] Rav : why then India is not accumulating stock and reducing the diesel price correspondingly
[13:34] Shai : maybe they are doing it
[13:34] Keshav : that could lead to lower price of commdities
[13:34] r m : we never planned to build a petroleum reserve like the US did after 70s Arab embargo
[13:34] Rav : BAF plays major role
[13:34] Keshav : thats y they are not doing it
[13:34] Shai : the last fall was taxed so that we can get the benefit later when it rises and the goct takes away the tax!!
[13:34] r m : you need to make huge cavernous storage for it
[13:35] Rav : we have CAF and BAF in crude Imports
[13:35] Amit J : so start drinking crude, u would run faster 🙂
[13:35] r m : lol
[13:36] r m : all the air pollution will be actually an “Inside story” then 🙂
[13:36] Rav : it is like current,,,producer can neither store nor consume when connected with grid.
[13:38] r m : @Rav, during first Iraq war (when Saddam invaded Kuwait) there was severe shortage of petroleum products and transport drivers spent more time at fuel pump lines then on road!
[13:38] Rav : agree
[13:39] B N : bn hypo super fast
[13:39] B N : NF Hypo1 below 8130➜8082➜8062 SL 8152
[13:39] B N : nf about to be active
[13:39] Porus : back ti ibl
[13:40] B N : 12.14 to 13.14 – one hour 8096-8166
[13:40] B N : now 1.25 to……from 8166 to…..
[13:41] r m : US has built up capacity to store 727 million barrels as strategic reserves!
[13:41] r m : http://tinyurl.com/48eqh9u
[13:42] Rav : US is a Macho
[13:42] r m : http://www.spr.doe.gov/dir/dir.html
[13:42] r m : transparent macho
[13:42] r m : 🙂
[13:43] Keshav : @rm @rav @shai these discussion are really informative
[13:43] Keshav : didnt know these things before
[13:43] r m : @Keshav, don’t worrry man, this trivia collects as one ages )
[13:43] r m : 🙂
[13:44] Kathir : even yest they did like this i guess.tried to go above vwap -failed and eve went all thewa down
[13:44] RK : yes Kathir
[13:44] Rav : Bunker ADJ Factor and Currency ADJ Factor are headache for suppliers and consumers
[13:44] RK : IBL is the key
[13:46] B N : nf hypo not yet on – bn H gave 70 already
[13:47] Kathir : BN is faour to B N 🙂
[13:47] r m : http://screencast.com/t/HM79YZ3EnccB
[13:47] r m : yesterday it kept mostly below vwap
[13:47] r m : today making attempts to stay above too
[13:47] r m : http://screencast.com/t/KesqI5ghNiBe
[13:48] B N : that fall from 817 started at 2.30 and in an hour it hit 475
[13:49] Kathir : yeah yest they were like australians batsmen
[13:50] B N : there comes nf to the party
[13:51] Kathir : @rm i want bnf 14000..pls give asap
[13:52] r m : @Kathir, the smell of 14K will bring Janak out of his self imposed exile 😀
[13:52] Kathir : 🙂
[13:55] Kathir : bnf delta improving a lot
[13:56] RK : NF and BNf not in a rhytem
[13:56] RK : NS tries to clear 8120 spot zone
[13:56] RK : BNF tries to go down IBL
[13:57] RK : crude making new lows..
[13:57] B N : crude 2990 – now lets c how mkt reacts
[13:58] RK : still not sure who will run for cover at 2.30..any guess?
[13:59] Kathir : more chance for close arund vwap
[14:00] RK : think so but after making some noise:)
[14:00] Kathir : ok.. sellers can retest the lows?
[14:02] B N : if we close below 8100 – then 8k confirmed tom?
[14:06] Kathir : @B N hypo1 bnf is 18064 below 18255 ..so chances always there ..but at present bnf some buers in i guess..delta
[14:09] Rav : they sold ce of 8400ce and pushed down and brought back. in this way oi increased to 62.27 lacs in 8400ce
[14:10] Rav : 8400ce: 14 lacs added
[14:12] Rav : when UAE says , even if the crude comes to USD 20, we will not stop supply means….what is the real cost of crude?
[14:13] r m : US shale oil break even is supposed to be USD60 average
[14:13] r m : For Saudi no one knows for sure
[14:14] r m : but they have plenty of currency reserves
[14:14] RK : for US around 55
[14:14] r m : It is the other oil producing countries like Iran, Venezuela, Russia etc. which are facing economies tumbling
[14:14] B N : shai where do u see friday close at?
[14:15] B N : 7800 can be considered?
[14:16] Kathir : @ B N you are matchinf nf bnf with crude 🙂
[14:16] Kathir : but anythig possible..7800 just 350 from here
[14:17] RK : today we have two imp data
[14:17] RK : non farm employement data and crude inventories
[14:17] RK : i dont think crud inventory data hold any importance henceforth 🙂
[14:17] Kathir : ok that doesnt impact much on indian stock markets right?
[14:18] RK : nothing matters and everything matters..depends on biggies 🙂
[14:19] Kathir : 🙂 yeah ..
[14:19] RK : if ES has to move then emp data may help as they had two bad consequtive days
[14:19] r m : they just buy and sell and leave the explanations to analysts 🙂
[14:19] Kathir : lol
[14:20] RK : absolutely true 🙂
[14:20] RK : stopped watching them for years now..
[14:20] Kathir : @after joining VT i rarely watch market rel channels..it is a very big comedy
[14:21] RK : it may sound funny..but only yday came to know that Udayan has left CNBC..lol
[14:21] r m : 🙂
[14:21] Kathir : where is he now?
[14:21] r m : they have surely saved a lot of money 🙂
[14:21] RK : Kathir whoever has blown accounts twice would have stopped watching tv, reading papers :))
[14:22] Kathir : lol
[14:22] Kathir : @RK what for guys like me blown 5 6 times 🙂
[14:22] Kathir : not 56 it is 5 or 6
[14:23] r m : better to open your own channel!
[14:23] Kathir : lol
[14:23] Kathir : 🙂
[14:23] RK : Kathir Choota blast are not accounted..am talking about two major accounts 🙂
[14:23] Rav : bn 19000ce volume…..
[14:23] RK : I mean pumping in should not be accounted
[14:24] RK : 🙂
[14:25] Kathir : yeah RK one bankk account and one trading account right 🙂
[14:26] RK : no one your own account and one your wife’s a/c lol
[14:26] Kathir : lol
[14:26] r m : the latter is really troublesome 🙂
[14:26] Kathir : @RM even now most retail traders watch TV analysts and trade
[14:27] r m : yes, actually they are the fodder for short term trading industry 🙂
[14:28] r m : That is why everyone hates bear markets, fresh fodder goes scarce in bear markets!
[14:28] Kathir : here is one terrific guy ..day before yest he bought pe for 60 k made 120 and bought ce for 120 k and it has become around 50
[14:28] Kathir : true
[14:29] RK : Kathir almost all broker office have 1 or 2 guys like that..
[14:29] Kathir : but the broker is very happy finally 🙂
[14:29] RK : after 8178 F..revisit of 8216 F to be watched out
[14:29] Kathir : yes RK these guys wanted to pay offic rent EB bill Net bill etc
[14:29] B N : 2.30
[14:30] RK : yes
[14:30] B N : OTF time
[14:30] RK : NS stuck b/w 8120/30
[14:32] Kathir : @rav 8000 pe 106 to 78 now..already they will be in good profits
[14:32] Rav : 19000ce huge vol….
[14:33] Rav : target is 0 for them
[14:33] RK : Rav so they will push up to buldge it
[14:34] RK : to burst later
[14:35] B N : it is bound to be a seller here – OTF unless a drastic reversal
[14:35] Kathir : but it is too early to predict it right ? i mean 19k ce 0
[14:36] Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/061e8c6e-c30c-42f4-ac37-2a4cdcc1d295
[14:38] Keshav : both deltas positive
[14:39] B N : 8135 looks an easy trade from here? 20 pts
[14:40] Kathir : @rav thanks..so 18000k pe also been bought is it? and 19 k ce written?
[14:42] Rav : yes
[14:42] Kathir : even 17500 pe is bought
[14:43] Kathir : ok ravi thanks
[14:43] Rav : kathir pl see change in oi> vol….
[14:44] Kathir : ok sure
[14:44] Rav : 18000pe written and 19000ce bought…
[14:44] Rav : ulta
[14:47] Kathir : ok
[14:47] B N : shai can carry and accumulate shorts from here?
[14:49] RK : bulls has to protect 18400 spot
[14:49] RK : now 18350
[14:49] RK : by close
[14:51] Kathir : @RK if it closes well below 18400 then we can confirm with shai and buy some pe for tomrw ..
[14:52] RK : yes advisable
[14:53] Shai : BN you can in samll qty
[14:53] Shai : today’s profile is balanced and break of either side value is the trigger tom
[14:53] Kathir : ok
[14:53] B N : ok shai – the break mostly shd come down as the momentum is down?
[14:55] B N : and do us see 7800 in next few days? Future
[14:56] B N : also NF Hypo1 below 8130➜8082➜8062 SL 8152
[14:56] B N : if gap down tom – this will be done in first 2 min
[14:59] Kathir : may be
[15:01] B N : (14:39) B N:8135 looks an easy trade from here? 20 pts
[15:02] Porus : dax slips into red
[15:03] B N : OTF showing muscles
[15:06] Keshav : stops out
[15:08] Keshav : good one bn
[15:17] Shai : flattish delta oday
[15:17] Shai : volume again good at 120L
[15:18] Shai : the NF has spent the past few hours arouun 8140- 20 points either side
[15:19] Shai : profile is symmetrical and gives us good entries for tom
[15:20] Shai : tatachem up 10 bucks at 431
[15:20] Kathir : oops
[15:21] Shai : upl not much
[15:21] RK : all said done NF is going to close flat 🙂
[15:22] RK : BNF 100 points swing in 10 mins and back to attempting 400 spot close
[15:23] Shai : (13:17) Shai :Type of profie suggests a close at vwap today in both
[15:23] RK : Yes Shai thats why wondering about drop..also eying on that 400 spot..
[15:23] Kathir : @shai will tomorw be a trend day ?
[15:23] B N : vwap is gently tilting down
[15:24] Shai : Kathir only if OTF comes at open- single prints first 30 mins
[15:24] Shai : else can be neutral day
[15:24] Kathir : ok
[15:24] RK : Kathir lets wait for put 🙂
[15:24] Kathir : yeah
[15:25] B N : lot will depend on US close tonight
[15:25] Kathir : sleep happily
[15:25] Shai : No new positions here
[15:25] Shai : existing can hold
[15:25] Shai : use value areas for new bias tom
[15:30] r m : Bye folks, have a great evening 🙂
[15:30] RK : bye all
[15:30] Porus : bye all
[15:30] Kathir : thanks and bye all 🙂
[15:31] Shai : Bye all
[15:31] Shai : Have a nice evening
[15:32] Keshav : good day all bye