General Chat Transcript
Date and Time: October 07, 2014 08:58:42
[08:47] r m : Good Morning folks!
[08:47] Porus : GM, RM
[08:49] r m : Hi Porus
[08:56] Amit J : gm
[08:58] Sharad : GM all
[09:00] Manik : gm rm ,porus,amit and sharad
[09:01] Sharad : USDINR opened strong at 61.70
[09:01] Sharad : so no major sell off in nifty
[09:16] r m : Hi Manik
[09:22] Sumit : gm everyone
[09:28] r m : bnf into 80%
[09:28] Rahul G : hello all GM
[09:28] Rahul G : thanks rm for opening the room
[09:29] r m : @Rahul, welcome, it was already opened by Shai in his “Vtrender Live” avatar 🙂
[09:41] Sumit : rm, any conclusion for pink-green OF trades that you were studying, or still need more data?
[09:41] r m : ultra narrow value areac covered by BNF
[09:43] r m : http://tinyurl.com/smallOF
[09:44] r m : @Sumit, i have just compiled from 12th Sep so far, i think data base is too small to analyse
[09:45] Sumit : very nice. thank you
[09:46] r m : but one thing is easy to find that all those instances which gave more than 40 points did not have adverse extension beyond -32, so perhaps one can quit part position beyond -32 point and quit the balance at a more advantageous price
[09:49] r m : Signal reversals are noted only for those signals which happened above vwap (longs) or below vwap (shorts
[09:51] r m : NF found sellers at 7970
[09:52] Sumit : in the long term, it is positive but too many trades in short time. the max favorable for part booking are good numbers. overall, good number of points
[09:52] Sumit : thanks rm. will study this more
[09:54] r m : Thanks Sumit, my impression is that it should be traded with many parts (four lots or more) with staggerred booking after pre-fixed points or ref levels, because for big movements price swings back a lot before reversal signal comes
[09:59] Sumit : yes
[10:00] Sumit : 158 trades in less than a month are too many.
[10:01] r m : most of them are on the adverse side but still too many trades
[10:02] r m : may also need filtering out the trades where price hovers in a 40-50 point band around vwap
[10:02] Sumit : 2462 +ve vs 975 -ve. thats like 1000 points in less than a month 🙂
[10:03] r m : lol
[10:03] r m : poinits are there but needs smart management to reduce the costs and slippages
[10:04] Sumit : sorry, its 5100 +ve and 3079 -ve.
[10:04] r m : 7927 is the target below 7956 as per hypo 1
[10:12] r m : both going down on positive delta!
[10:57] Sumit : delta near highs in both but still market going down. what it means?
[10:58] r m : could be shorts booking profits, i am not very sure 🙂
[10:58] r m : 7927 done – NF hypo 1
[10:58] Sumit : thanks rm
[10:58] Sharad : yes but very slow today
[10:59] r m : yes
[10:59] Sharad : not liking to do trade as delta very positive and price going south
[11:00] Sharad : will buy above vwap
[11:00] r m : yes, makes one uneasy with shorts
[11:00] Sharad : yes no shorts … buy above dpoc and vwap
[11:59] Manik : @rm BNF in no mood of moving abv vwap
[12:02] r m : yeah, very reluctant customers 🙂
[12:03] r m : maybe Europe open will give some direction
[12:04] Manik : ok.
[12:06] r m : @Manik, BNF seems to have accepted your vwap challenge 😀
[12:07] Manik : patience pays 🙂
[14:39] Manik : @rm 7902 is taken out, next support would be ?
[14:39] r m : NF reaches 2nd target of hypo 1 as well, slow like a tortoise!
[14:41] r m : 7841 spot was the low on 26th sep
[14:43] r m : oct future low was 7897 that day
[14:44] r m : http://screencast.com/t/LJHEO0Fi
[14:44] Narendra : what is this vwap dotted line where nifty is trading currently
[14:45] r m : 3 standard deviation band of vwap
[14:45] r m : a profit booking or part booking point
[14:58] Manik : @rm carry some puts for tomorrow ?
[14:59] r m : delta is not suggesting any build up of shorts
[14:59] Manik : ok
[15:00] r m : S&P touched the low of 1920 while we were burning Ravana! http://screencast.com/t/HkHzB3xu7EEw
[15:01] Amit J : best part is nifty extended 2x of IR but banknifty still above IR
[15:03] r m : yes, on last trading day also BNF stayed inside IB
[15:04] r m : we have IIP numbers coming up this Friday
[15:08] r m : SGX Nifty made a low of 7827 on 2nd OCT
[15:09] Narendra : in this holidays i guess sgx made low of 7786
[15:10] r m : ok, on investing.com i could see only 7827
[15:13] r m : sgx nifty on investing.com http://screencast.com/t/PVeCNJndftt
[15:30] Porus : bye all
[15:30] r m : Thanks and bye folks, have a great evening 🙂
[15:36] Manik : @rm thanks and bye