General Chat Transcript
Date and Time: April 08, 2015 09:14:48
[08:45] r m : Good Morning folks!
[08:45] r m : http://vtrender.com/levels-and-plan-for-8th-april/
[08:45] r m : http://vtrender.com/premium/orderflow-charts-and-notes-0704/
[08:45] Porus : GM all
[08:45] r m : Nifty APR Future levels Key Reference Area 8729 Hypo1 below 8697➜8662➜8642 SL 8729 Hypo2 above 8729➜8766➜8804 SL 8694
[08:45] r m : Banknifty APR Future levels KRA 18630 Hypo1 below 18630➜18528➜18414 SL 18685 Hypo2 above 18730➜18810➜18960 SL 18610
[08:47] Ashish : gM all..
[08:47] Ashish : I have joined today only..
[08:48] Ashish : Hello RM
[08:49] Ashish : These KRA levels will be updated on daily basis??
[08:49] r m : yes, they are updated on blog around 11pm along with hypos for next day
[08:49] r m : Hi Ashish, welcome 🙂
[08:50] r m : I read from bottom up 😀
[08:50] Ashish : ok
[08:51] r m : levels are posted here just for ready reference during market hours, details are on the blog
[08:51] Ashish : thanks RM
[08:51] Ashish : Do we get some trading calls during tha day here
[08:53] r m : @Ashish, Shai may give calls here when he finds good risk reward and high probability trades besides the one described in hypo
[08:53] Ashish : ok
[08:53] Ashish : thanks
[08:54] Hemant : GM folks
[08:54] Hemant : Going through the blog
[08:55] Shai : GM all
[08:55] Ashish : GN Shai and Hemant
[08:55] Ashish : GM
[08:58] Tejpreet : GM All.
[08:58] Varun : @shai one small query early morning
[08:59] Varun : on 9th and 13th march we have huge over head single prints
[08:59] Varun : wht levels do they represent on april
[09:00] Varun : as thr was huge premium and kept changing
[09:00] Varun : http://vtrender.com/levels-and-plan-for-19th-march/
[09:04] Shai : Varun 9000 and 8938
[09:04] Shai : http://screencast.com/t/f1GVS0hjIR
[09:04] Shai : updated on blog daily excess and anomaly levels just below obs
[09:05] Varun : cool, thanks
[09:07] Amit J : gm
[09:08] Shai : the late buying seen yesterday caught us and everyone by surprise yesterday
[09:08] Shai : keeping kra at 8729 as it was neutral extreme
[09:08] r m : Client category curiously is bent on getting out of this series!
[09:08] Shai : below kra can go see 8697 and y’day vwap around 8662- 8670
[09:09] Shai : but abv kra buyer in control
[09:09] RK : GM Shai,RM and all
[09:10] RK : I was fortunate to have my UPS drained after 8hrs power cut..could not witness last hour rally 🙂
[09:10] RK : yesterday
[09:10] Shai : spot abv 8670 will attempt to push the seller out
[09:10] r m : Hi RK 🙂
[09:11] r m : I just witnessed it from sidelines 😀
[09:11] Shai : 8735-8755 and 8796 obj on spot as long as we remain abv 8654
[09:12] RK : its all about how the open sustains..
[09:12] RK : we are at 50% of retrace too..9119-8269
[09:12] Varun : 8735/96 spot or future ?
[09:12] Varun : ok spot
[09:12] Shai : spot
[09:12] Shai : weekly view
[09:13] Porus : Shai, value areas on blog and on chart are different?
[09:13] Varun : so probably with todays open after the late spike, suggests the abnomaly mite get repaired at 8804
[09:14] Chirag : Hello all,
[09:14] r m : @Porus, values will change in the white box after open
[09:14] Chirag : First day with you guys..
[09:15] r m : Hi Chirag, welcome
[09:16] Chirag : thank you sir…looking forward to learn some amazing skills from all of you..
[09:17] Chirag : Anyone tracking UBL?Fresh breakout yesterday..
[09:17] r m : all that gap up in spot is hardly visible in futures
[09:18] Varun : but big thing to trade above the spike, even when us fell huge in last hour type
[09:18] Amit J : yes chirag. it moved above yearly R2. should be a big mover if it sustains
[09:20] Chirag : Hey amit…yes..charts showing 1300-1400 if moves sustains
[09:21] Porus : @Shai, NF total delta off chart.
[09:21] Porus : *FP chart
[09:22] Vivek K : keep a watch on cesc has been in a tight range
[09:26] Porus : Shai, now OK.
[09:27] Shai : Thanks Porus for bringing that up again
[09:28] Shai : Sellers are there at open
[09:28] Shai : Don’t buy yet
[09:28] Ashish : what about short selling shai
[09:28] Shai : Not yet – safe below 8725
[09:28] Ashish : ok
[09:29] Shai : If buying on hypo strict sl of 8725
[09:29] Shai : can give us 8766 – but riskier trading at open
[09:29] Ashish : ok, will wait for some time before jumoping in anything
[09:30] Shai : seeing 8725- 8766 range off this open
[09:31] Shai : prem back to 35 from 100 on expiry day
[09:31] Tejpreet : Shai views on idea for shorting ..
[09:31] Chirag : Hypo2 work in place?
[09:32] Shai : yes sl 8725 – smaller qty as sellers are there
[09:33] Chirag : Shai sir,shouldn’t wait for the initial one hour to get a clear picture?
[09:33] Chirag : we*
[09:34] Shai : Idea obj of the move is 199.2 and 204.6- clearer move below 194.4 for short
[09:34] Shai : cash prices
[09:34] Amit J : shai wock view for shorting?
[09:34] Shai : then can give u 188
[09:35] Tejpreet : Thanks for the precise lvls.
[09:35] Shai : welcome 🙂
[09:35] Ashish : @shai, any levels for abirlanuvo??
[09:36] Shai : wock drive down 1956 test is almost here
[09:36] Shai : big weakness if 1917 breaks else can go back up today
[09:36] Shai : 2026 only safe sl if shorting
[09:37] Ashish : these wock levels are for spot or futures
[09:37] Shai : all stocks are cash only
[09:37] Ashish : ok
[09:38] Amit J : buy tata global intraday
[09:38] Shai : abirla we were watching 1734 y’day- obj is mostly met
[09:39] Shai : 1761 possible if we break abv 1734
[09:39] Ashish : thanks shia for abirla levels
[09:39] Ashish : shai
[09:39] Hemant : Shai how do the index options look for today?
[09:42] Amit J : shai century tex any view for shorting?
[09:44] Shai : can’t see weakness till 695 breaks some time in this week
[09:44] Chirag : Shai sir,I’ve sent a request on twitter via @chi11693
[09:44] Shai : can rise to 750/ 778
[09:44] Shai : Hemant I don’t track options actively
[09:44] Shai : It’s all in these charts
[09:45] Shai : BNF VAH at 18606
[09:45] Shai : getting weaker
[09:45] Hemant : Got it Shai. Just wanted to see if we are heavy on calls or puts.
[09:45] Hemant : Studying the OI now
[09:47] Tejpreet : @Amit tata global buy is based on technicals or some news flow.
[09:48] Shai : Sell BNF 18615- 18625 sl of 18680 tgt 18560
[09:50] Ashish : ok shai
[09:51] Shai : expecting 18510 visist on BNF today
[09:52] Shai : see no case for longs based on y’day volumes till we cross 18730
[09:53] Shai : one thing whch has stood out in the past 3 sessions for me has been the responsive buying from 12.30 – 12.55
[09:53] Shai : seeing it every day and even mentioned it under obs
[09:54] Shai : http://screencast.com/t/oGWTRpjYUl
[09:57] Janak : of in nf not visible
[09:58] r m : ooper hai 🙂
[09:58] Janak : swargvasi 🙂
[09:58] r m : lol
[10:04] Shai : NF mostly an OAOR
[10:04] Shai : will reamin good abv 8729 KRA
[10:04] Shai : remain*
[10:04] Janak : bn has good chance do 800 today?
[10:05] Chirag : anyone tracking TVS motors?
[10:05] Shai : BNF 18630 and 18675 are morning sellers
[10:07] Amit J : buy jet with sl intraday
[10:09] r m : @Amit, sl at day’s low?
[10:10] RK : Shai BPCL taking off again..any projection for targets?
[10:10] Amit J : you decide RM
[10:11] r m : ok, thanks
[10:13] Shai : exit the BNF shorts around 18575 18580
[10:14] Shai : there now
[10:14] Ashish : exited shai, thanks
[10:15] Ashish : it’s going more down
[10:15] RK : IB range done with that move
[10:15] Shai : buyers coming
[10:15] RK : and buyers
[10:16] Shai : RK – acc at 1675
[10:16] RK : holding Shai 🙂
[10:16] Shai : 🙂
[10:16] RK : BPCL from 810 today morning
[10:16] r m : Soon Holcim will hand over its stake to RK 🙂
[10:16] Shai : That was a nice one you picked
[10:17] Ashish : @shai, any stocks you are looking for intraday
[10:17] RK : Ultracem too picked as bonus once ACC started next move above 1630 yesterday
[10:17] RK : RM 🙂
[10:18] Shai : bpcl may not go up straight- has to retrace and test back 814- 817
[10:18] Shai : tgt is 860 if 806 holds though on that test
[10:18] RK : ok..will book here then..its a quick 20 move
[10:19] RK : thanks Shai
[10:21] Shai : NF getting weaker
[10:21] Shai : 80% rule
[10:22] Shai : we will look to get short on a bounce
[10:23] Shai : tgt is 8697 now below kra
[10:38] Shai : Sell NF below 8725 only sl of 8752 tgt 8698
[10:39] Ashish : ok
[10:40] Shai : NF and BNF both showing a buying response at lows but not at highs where sellers are there
[10:40] Shai : (09:28) Shai :Sellers are there at open
[10:41] Ashish : sellers are more today
[10:41] Ashish : is that right Shai
[10:41] Shai : yes more aggressive
[10:41] Ashish : ok
[10:54] RK : Auto and Banks can lead the fall and OMC and infra for the rise..
[10:58] Ashish : Any views on Cipla guys
[11:02] Amit J : shai unitech on your tgt
[11:13] Ashish : again sellers coming near day’s high
[11:14] Amit J : 7% coal india and nifty flat
[11:15] RK : Tatasteel longs can wait for some time or 335 is better to book?
[11:16] Shai : Unitech is a big mover for it’s price
[11:17] Shai : tata steel 338 – 337 obj of the move
[11:18] RK : fine..thanks
[11:19] Janak : shai bn can be bought for 800?
[11:20] Janak : also if u can make couple of phone calls to dehradoon for a bull run………;
[11:22] Janak : Hypo2 above 8729➜8766➜8804 SL 8694
[11:22] Shai : 8754 will leave behind an FA at 8716
[11:22] Shai : bullish abv 8754
[11:22] r m : @Janak, bulls busy munching polythene bags on road in search of leafy garbage 🙂
[11:22] Janak : lol
[11:23] RK : above day high then positions aligned for 8790s
[11:23] Janak : bn has been suppressed since 3 days and nf has merrily marched 150 pts up!
[11:23] Shai : Buy BNF 18565 sl of 18520 tgt 18625
[11:24] Shai : ignore the NF sell below 8725 for now- we will review it later
[11:25] Mandar : GM. Shai your view on Bajaj Auto pls.
[11:31] Shai : sl in BNF
[11:33] Shai : Bajaj weak since open today’
[11:33] Shai : 2048 is day supp
[11:34] Mandar : good to enter at 2050 levels for positional longs?
[11:35] Shai : positional enter part 2067 and part 2048
[11:35] Mandar : ok. thanks
[11:35] Shai : recent lows should hold and stock should make it up to 2300 in few weeks
[11:36] Mandar : ok
[11:36] Amit J : rm what is current MO?
[11:36] r m : let me check
[11:37] r m : MO is +86 🙂
[11:37] r m : broader market seems very excited
[11:37] Ashish : @shai, buyers are coming at day’s low in bnifty
[11:38] Tejpreet : If BN got to move up Icici needs to buck up..Shai any views on Icici positional for expiry view.
[11:38] Ashish : can one take long positions till 18528, hypo1
[11:39] Shai : test of 18535 should come again
[11:40] Ashish : delta is also increasing in green for current 15 minutes
[11:40] Ashish : dark green in color
[11:41] r m : ignore the dark greens, they represent overwhelming buyer or selller on the other side
[11:41] Shai : icici is weak
[11:41] Ashish : ok
[11:42] Shai : headed to 313/ 310
[11:42] Shai : Not having an expiry view yest on icici – too early
[11:42] Shai : yet*
[11:42] Tejpreet : Ok too early to go long now.
[11:43] Tejpreet : By expiry view I meant selling options.
[11:43] Shai : No strngth confirms abv 319 only
[11:43] Shai : ok
[11:43] Shai : profile suggests 325 strong res
[11:43] Ashish : Shai, your views on cipla please
[11:44] Shai : so if looking to sell look at calls abv that
[11:44] Tejpreet : Thanks .. need to wait n watch icici.
[11:45] r m : @Amit, tataglobal 🙂
[11:46] Shai : cipla at supply- longs can exit if 739 and 735 break today/ tom
[11:46] Ashish : thanks shai
[11:48] Shai : welcome 🙂
[11:48] Shai : Looks like BNF went down to take stops
[11:48] Shai : 18510 and below are buyers now
[11:49] Shai : cross of 18585 can still give that 18635
[11:50] Amit J : rm you saw jet what a volatility
[11:50] r m : @Amit, 🙂
[11:52] Ashish : too many sellers are @ nifty highs
[11:54] RK : Shai that 8754 nos are right or chances for error?
[11:54] RK : 113875
[11:55] Ashish : @shai, composite profile is not updating for me..
[11:55] Ashish : could you please check it guys
[11:57] Ashish : looks like buyers will be trapped here
[11:57] Ashish : I mean buyers are going to be trapped…
[11:59] RK : ok that one buy volumes
[11:59] Ashish : yep
[12:00] Shai : RK data corrected- sl got taken on that ove
[12:00] Shai : move
[12:00] RK : yes
[12:01] RK : move below 8725 taken buy stops and now short stops taken..platform ready for algos of 12.30 🙂
[12:02] Shai : 🙂
[12:02] Shai : 8735 vwap of March
[12:03] Shai : I wanted to go long on the move abv 8660 spot, but just not getting the conviction on positional buy here
[12:03] Shai : too many ifs here
[12:03] RK : since open we didnt enter into that 8643-8672 spot band
[12:03] Ashish : can we go long now shai
[12:04] Shai : Yes RK – part of my plan was to chase 120 points abv 8760 spot
[12:04] Shai : 8660 spot
[12:04] RK : to 8796s
[12:04] Shai : Ashish long abv 8666 for 8804 but sl is below 8625
[12:05] Shai : minimum qty
[12:05] RK : 8766 and 8725
[12:05] Shai : long abv 8766* sl 8725 I stand corrected
[12:05] Ashish : Thanks shai
[12:06] Shai : stll no signs f weakness in price but upmove is looking risky
[12:07] Chirag : I am in a no trade zone as of now.No clarity.
[12:08] Ashish : in the trade now
[12:11] RK : finally BNF tail got into hand..580-635 done
[12:11] RK : today its running like drunken horse 🙂
[12:14] r m : lol
[12:15] r m : this horse must be from Mallya’s stable 🙂
[12:15] RK : msgs seems getting delayed
[12:15] Ashish : lol
[12:15] RK : maybe for IPL he let them out
[12:15] r m : 🙂
[12:15] Shai : Buy BNF 18640 tgt 18710 sl 18585
[12:16] Shai : go with 50% of your normal qty
[12:19] Shai : NF Trade : short NF below 8753 only tgt 8730 sl 8768
[12:19] Janak : shai i think ur original view of bn going to 18k below 18800 is at work
[12:20] Shai : one probe up required based on the buyers we saw at 18500 an hour back
[12:20] Janak : all we are seeing is that half an hour of buying gets sold in a 2 min. move 🙂
[12:21] Shai : NF good abv IBH so no short till it is protected
[12:23] Chirag : buyers take teh stairs…sellers take the elevator route
[12:23] Chirag : The*
[12:23] Janak : bn is very weak and it better goes to 18k fast
[12:25] Shai : exit the BNF long trade at 18612 now
[12:25] Shai : 🙁 error
[12:26] Amit J : SHAI YOUR VIEW ON SUN AND AURO FOR SHORT?
[12:29] Shai : sun pharma?
[12:30] Amit J : YES
[12:31] Janak : can it be found out whether FII are selling bn?
[12:31] Amit J : http://blogs.wsj.com/bankruptcy/2015/04/07/the-daily-docket-aurobindo-affiliate-alleges-natrol-ex-owner-of-fraud/
[12:34] Shai : sun phram headed to 1117 and possible 1074/ 1055
[12:34] Shai : sl 1175
[12:36] Shai : auro weak below 1314 now – can do 1285 if broken
[12:37] Janak : 620 zone has been sold off atleast 10 times now in last 2 weeks
[12:38] RK : Yes Janak
[12:38] Shai : yes at 640 looked like those sellers will give up but they added back exactlt 645
[12:39] Janak : nf is the one holding the bull run
[12:39] RK : now its between 510 buyers and 640 sellers
[12:39] Janak : if that decides to fall – both will go to 8600/18k
[12:41] Janak : pink in both
[12:42] Hemant : waiting for nifty to break, hope its just around the corner.
[12:43] r m : @Janak, BNF running on a tread mill http://screencast.com/t/44FT4N3M2b
[12:44] r m : guess option writers are keeping it in a cage
[12:44] Janak : lovely chart rm
[12:44] Janak : bn is making LL – so next is 18276?
[12:45] r m : Rav is not here it seems, else he would have enlightened us on the writers scheme of things 🙂
[12:45] Ashish : sellers are increasing
[12:46] Janak : yeah ashish – nf delta is -80k
[12:46] Janak : ideally that shd give us 8700 and below
[12:48] Ashish : yep, will add more shorts below VWAP
[12:49] Ashish : @moderators, I have one question…is it possible to get a notification whenever you are going to change the chart timeframe
[12:51] Janak : shai nf short tgts?
[12:52] Shai : 8730/ 8697
[12:52] Janak : ok
[12:52] Shai : Ashish TF does not matter for these charts as we are delaing with volumes here- besides charts will not change
[12:52] Ashish : KRA and Hypo1 levels
[12:53] Ashish : ok, thanks a lot SHAI
[12:53] Janak : -1.4 lac nf delta!
[12:53] Janak : phew
[12:54] Ashish : more to come
[12:55] Amit J : AURO GONE
[12:55] Tejpreet : @ moderators …something off market….can we have a poll or something like that on blog about full time trader in this group…..would be great info.
[12:57] Ashish : buyers present at VWAP
[12:58] Amit J : 1285 DONE
[13:02] Shai : Move sl of shorts to 8777
[13:03] Shai : Nice 1 Amit
[13:03] Shai : Good if you caught tat
[13:09] Shai : If you intend to carry a positional short from here into tomorrow then 8792 or 8805 is a correct sl
[13:09] Shai : still abv vwap and that kra- so price wise there is not much weakness
[13:10] RK : Shai closing around VWAP possible?
[13:16] Shai : neutral day
[13:16] Shai : can close vwap or extreme
[13:16] RK : thanks
[13:17] RK : its poised well for extreme of either side 🙂
[13:18] Shai : yes
[13:18] Shai : has been clsoing up 3 days now
[13:18] RK : longs are unwinding in some stocks
[13:32] Chirag : shai sir,I was looking for a dip in UBL futures…can you look at it?or is it a buy at cmp?
[13:34] Shai : Chirag I will update on UBL cash figs as volumes work better there
[13:35] Shai : 1135 was the tgt of the move this week and it is done – so u will not get much upside from here in next 2- 4 days
[13:35] Shai : besides if you are planning to keep it for a few weeks watch 1023 cash as support
[13:36] Shai : buy a dip there if it comes- better r/r
[13:36] RK : Kind of strange day where BNF cant climb IBL and NF not willing to go down IBH
[13:37] Shai : yes messay today
[13:38] r m : half bull, half bear like narsimhavtar 🙂
[13:38] RK : thats always dangerous RM 🙂
[13:38] RK : how long can stretch two legs on opposite direction..pants under risk 🙂
[13:39] r m : 😀
[13:39] Chirag : Okay sir.Thank you.I was planning to keep it for this series (fututres).
[13:39] Janak : better stretch the pants 😉
[13:39] Amit J : shai FRL moved above your supply zone of 104. any view
[13:40] RK : Janak 🙂
[13:41] r m : @Janak, traders should wear gowns 😀
[13:42] r m : BNF is an inside day so far
[13:45] Janak : lol
[13:45] Janak : BNF wears nothing 🙂 it also makes people start wearing nothing (bankrupcy)
[13:47] r m : 🙂
[13:47] Amit J : what a level shai superb. 104 to 111 in no time
[13:47] r m : BNF still trading in the breakout area (above IBH) of 1st April, making us April fools 🙂
[13:48] r m : @Amit, rocket speed!
[13:49] Janak : anyone trades comm. here?
[14:01] Navaneeth : I trade Janak bro, But only Silver + Nickel
[14:03] Janak : silver is a buy here around 700-800?
[14:04] Chirag : Anyone tracks HPCL?Is there a flag breakout?
[14:04] Shai : NF seems tracked for neutral extreme close
[14:05] RK : peaking early?
[14:05] Shai : 8787 or 8804
[14:05] RK : another 90 mins to go
[14:08] Janak : or 8697 🙂
[14:09] RK : IBL and then VWAP confirms Janak’s wish 🙂
[14:10] r m : @RK, Janak’s wishes are endless, at 8697 he will demand 8662 🙂
[14:10] RK : why not RM..ulta of yday charts,,you get 120 from highs 🙂
[14:11] r m : 🙂
[14:11] Navaneeth : Silver is downtrend. Avoid buyin Janak bro.
[14:12] r m : @RK, oh, so you understand ulta! perfect in Hindi too! 🙂
[14:12] Janak : ok N thnx
[14:12] RK : its a common usuage in south too 🙂
[14:12] RK : *usage
[14:12] r m : ok
[14:18] Shai : that 18000 pe is at 185 still
[14:19] r m : yep, it refuses to decay!
[14:19] Shai : 18360 spot support
[14:20] Shai : 18130 spot is the obj next week on that 1
[14:20] Rahul G : shai any vuews on star
[14:22] Tejpreet : I have traded 18000 pe multiple times buy range 150-160 sell range 190 -200.Shai below 18360 spot can we short aggresively .
[14:22] RK : Axis low breaks
[14:23] Shai : yes tejpreet
[14:23] Shai : that 1st buyer was at 18420 on RBI day
[14:23] Tejpreet : Thanks.
[14:24] Shai : he will liquidate if we probe below
[14:24] Shai : 18420F
[14:24] Janak : fom this chart – NG seems a sell here? anyone? http://www.marketcalls.in/mcx-naturalgas
[14:25] Shai : Star probe at 1848 has seen selling. went down to 1204/14 where buyers are there from last week
[14:25] Navaneeth : Janak bro, Don’tfollow super trend for commodity
[14:25] Navaneeth : It will be disaster.
[14:25] Shai : Looks locked now in this range
[14:25] Janak : just charts
[14:25] Navaneeth : DOn’t works in Less BETA stocks
[14:26] Navaneeth : You may try demo on Silver as higher BETA
[14:27] Janak : commodity charts are free here
[14:28] Ashish : To all, is it possible to check yesterday’s messages, shared here
[14:28] r m : http://vtrender.com/premium/orderflow-charts-and-notes-0704/
[14:29] r m : yesterday’s chat is in that post
[14:29] Ashish : Thnaks RM
[14:29] Ashish : thanks
[14:29] r m : welcome
[14:31] Navaneeth : Yes Janak, Charts are free. What I’m telling is don’t take the trades unless you have tried it in demo for 3 mnths at least.
[14:34] Rahul G : thanks shai
[14:36] Shai : welcome 🙂
[14:39] Ashish : Shai, can you have a look at biocon
[14:43] Shai : positionally bico good abv 467 where that 500 breakout tgt is intact
[14:44] Shai : look to buy dips till 475
[14:44] Shai : will be weak only if closes below 461
[14:45] Shai : 500/ 540 tgts
[14:45] Amit J : shai axis view?
[14:46] Ashish : thanks shai
[14:47] Ashish : 83400 sellers around 8775 levels
[14:48] Shai : axis trying to hold 553 supp
[14:48] Shai : may get stronger abv 560 close for imm tgt 575
[14:49] RK : Shai LIC good breakout?
[14:50] Hemant : Shai sir, i’m holding onto 8600 PE, what do you reckon should hold onto it?
[14:51] Shai : LIC not yet has to cross 456- 458 for short covering
[14:52] RK : thanks
[14:52] Shai : is still good abv 449 and may attempt 458/ 460 once
[14:52] RK : got it..
[14:53] Shai : Hemant PE is the waiting game – you will get max value if we go below 8670 spot- till we are abv 8640 the 8750/ 8790 spot possible
[14:54] Shai : abv 8670 spot- 8750/ 8790
[14:54] Hemant : got it thank you 🙂
[14:54] RK : 8600PE booked yesterday around 105 and re entered today
[14:54] Shai : 🙂
[14:55] RK : stop will be above 8800 spot
[14:55] Shai : 8716 is an FA and we have built 8 L volume abv 8670 spot
[14:55] RK : ok
[14:55] Shai : upside rises now from 8750 to 8790
[14:56] Shai : spot
[14:56] RK : SUN again down 8% after a 10% fall monday
[14:57] Hemant : Picked up 8900CE
[14:57] Shai : very rare to see NF like this when BNF is so weak
[14:58] Ashish : maybe it will fall in last 30 min.
[14:58] Shai : close at vwap looks more possible today
[14:58] Shai : 8749
[14:59] Ashish : yes, it’s not closing below VWAP levels…touching and coming up
[15:02] Amit J : large delta sellers in bn
[15:08] Shai : trend day coming tomorrow in NF
[15:08] Shai : max can get delayed by a day bt we should see 15 L volume tom
[15:09] Tejpreet : up or down 🙂
[15:09] RK : Tejpreet 🙂
[15:09] Hemant : Time to be cautious.. switched to upside
[15:10] Shai : Tejpreet I would have bought all the calls and puts availble if I was that certain now 🙂
[15:10] Shai : value area is our guide tom
[15:10] Shai : exit of value is the trade
[15:11] RK : so no missing trades day tmw 🙂
[15:11] Tejpreet : got it …..but am taking few 8700 pe now at 86.
[15:11] r m : MO +76
[15:11] RK : RM we will keep hitting keyboards 🙂
[15:12] r m : yes RK, hope we don’t hit the floorboards ourself 🙂
[15:12] RK : oh! thats always 🙂
[15:13] Tejpreet : Maybe the IPL causes the money to move from makets to betting and we get our 8600 🙂
[15:14] r m : 🙂
[15:15] Amit J : today fed minutes which is very very imp
[15:15] Shai : fri is IIP
[15:15] Shai : but after close
[15:20] Porus : Shai, does high -ve delta lead to any conclusio for tomorrow?
[15:20] Shai : ?
[15:21] Porus : can we guage direction of mkt
[15:21] Shai : -ve delta?
[15:21] Porus : tomorrow’s direction based o todays negative delta
[15:21] Shai : No delta is not intra day
[15:21] Ashish : DVAH and DPOC are at same levels…any conclusion here
[15:22] Shai : can be players from 5 days beack selling F and can mean negative delta also
[15:22] Shai : long liquidation
[15:22] Porus : Can we read anything into that for tomorrow?
[15:22] Shai : we use delta only to check if momentum is there in a move intra
[15:23] Shai : NOt really- not very reliable
[15:23] Porus : ok, thankd
[15:24] Janak : shai can buy 8700pe CF?
[15:24] Ashish : do anyone trade Dow jones futures
[15:25] Shai : No ashish dpoc can be anywhere in that value
[15:26] Shai : so far from expiry day in NF – we have gone only once below VAL
[15:26] Shai : even today did not go below poc
[15:26] Shai : so sellers have a big job on their hands
[15:27] Shai : quite the opp in BNF for past 3 days – so rises are being sold
[15:28] Ashish : hmm
[15:30] Shai : 8767 close
[15:30] Shai : bye all
[15:30] r m : Thanks and bye folks, have a great evening 🙂
[15:30] Ashish : bye all
[15:30] Shai : Have a nice evening
[15:30] Tejpreet : Bye All
[15:30] Ashish : see you tomorrow morning
[15:30] Amit J : bye
[15:30] Porus : bye
[15:30] RK : thanks and bye all
[15:56] Hemant : what kind of day has this turned out to be ?