General Chat Transcript
Room Name: Vtrender
Date and Time: June 08, 2015 09:24:27[08:55] r m : Good Morning folks!
[08:55] r m : http://vtrender.com/levels-and-plan-for-08th-june/
[08:55] Porus : GM RM and all
[08:55] r m : Hi Porus
[08:55] r m : http://vtrender.com/premium/orderflow-charts-and-notes-050615/
[08:55] r m : http://vtrender.com/nifty-bn-weekly-view-spot-for-8-12-june15/
[08:55] John : GM all
[08:56] r m : Nifty JUN Future levels| Key Reference Area 8080| Hypo1 below 8080➜8044➜8007 SL 8116| Hypo2 above 8147➜8180➜8222 SL 8100
[08:56] r m : Banknifty JUN Future levels| KRA 17631| Hypo1 above 17640➜17746➜17820 SL 17520| Hypo2 below 17410➜17297➜17160 SL 17526
[08:57] Sudhakar : GM All
[08:57] Vikkas C : gm all
[08:58] Sharad : GM all
[09:01] Sharad : wow USDINR 64.31
[09:02] Tejpreet : GM All.
[09:02] Pawandeep : Good Morning Shai,rm @ Friends 🙂
[09:03] Hemant : GM Folks, hope the weekend went well 🙂
[09:05] Shai : GM all
[09:06] Srini A : GM Folks
[09:09] Venkatesan : gm shai, rm and frnds
[09:10] Shai : Volumes of last week added to charts. Allow a few mins for the value areas and LVN’s to set in at the open
[09:10] r m : Hi Pawandeep, Venkatesan
[09:12] Chetan : gm all
[09:13] Venkatesan : hi rm zerodha terminal show some erratic value now
[09:14] Venkatesan : 8500ce %change 900%
[09:14] Moses : GM All
[09:15] Sandeep : good morning
[09:17] Shai : last week’s OrderFlow takeaway : big buyers at 8078 and big seller at 8190
[09:17] Ashish : Gm all
[09:18] Shai : one of them has to g for the mkt to move
[09:18] Sumit : GM everyone
[09:18] Hemant : Shai, the seller was tested on Friday, its turn to checkout the buyer?
[09:22] Shai : already happening
[09:22] Shai : BNF below last week lows
[09:22] Hemant : Yes indeed 🙂
[09:22] Shai : 17410 is the iintra day ref area
[09:23] Shai : 8080 in NF
[09:23] Venkatesan : shai lvn-4?
[09:23] Shai : LVN in NF not updating yet- give me a few mins
[09:23] Venkatesan : s shai
[09:24] Chetan : can v sell using references
[09:26] Shai : Chetan Mon mornings give mkts 15 mins to settle
[09:26] Soumya : Shai what is your view of sun pharma – my studies say that it can touch 890 and 818 was an important low made
[09:26] Chetan : pk
[09:26] Shai : LVN in NF now updated
[09:26] Chetan : ok
[09:26] Venkatesan : thank u shai
[09:29] RK : SunTV 25% down
[09:29] Shai : mkts looking weak
[09:30] Venkatesan : sun tv going to shutdown
[09:30] Venkatesan : bad time for maran bros
[09:30] Shai : Sun Phama positionally still weak. Expected auction now is sideways and then a amove
[09:30] RK : GM Shai,RM and all
[09:30] Shai : looking at 870 cross in sunpharam this week on 60 min close basis to confirm upmoves
[09:31] r m : Hi RK
[09:31] RK : Venkatesan its just a temporary threay..they are cash rich company and survive well despite any threat
[09:31] RK : *threat
[09:32] Chetan : shai open drive ??
[09:32] Venkatesan : probably but under bjp govt , they dont have stomach to do much
[09:35] r m : guess they are more terrified of Amma then BJP 🙂
[09:36] RK : No RM they are not in AMMA list:)
[09:36] Venkatesan : right rm amma is ironlady
[09:36] Venkatesan : but bjp will support marans without ammas consent
[09:36] r m : @RK, you mean that angle taken care of financially? 😀
[09:38] RK : not really..but she has considered them as enemies till date..her agenda is always with Karuna
[09:38] RK : *hass not
[09:38] r m : ok, i guess that has more to do with the personal vendetta DMK carried out against her when they were in power
[09:39] RK : yes always
[09:40] Shai : Sell BNF below 17398 sl of 17476 tgt 17300
[09:40] Soumya : Thank you Shai
[09:40] Venkatesan : rm what is repairing , last trading shai was discussing
[09:42] r m : @Venkatesan, the way I understand it, the areas where no auction happened earlier are usually actioned later that is perhaps termed as repairing
[09:42] Shai : BNF is a sell below- looking for price to break 17400
[09:43] Venkatesan : so later auction is week one or otherwise
[09:43] r m : that i think will be known on observing order flow when that revisit is done
[09:43] Tejpreet : Shai in BN isn’t the 17350-80 zone a strong support.
[09:43] Venkatesan : thank u rm
[09:44] Venkatesan : spot still not lowe low of previous
[09:44] r m : welcome
[09:44] Venkatesan : low
[09:45] Venkatesan : 8056.75 pre low spot
[09:45] Venkatesan : broken
[09:45] Soumya : markets cracking
[09:48] Shai : Sell NF at cmp sl of 8085 tgt 8035
[09:49] Shai : willing buyers not there
[09:49] Shai : auction is driving down
[09:53] Kris : GM All 🙂
[09:54] Vivek K : 8055 poor low repaired?
[09:54] Shai : no
[09:54] r m : Hi Kris
[09:54] Shai : just visisted
[09:54] Kris : Hi Rm.
[09:55] Shai : Keep sl of shorts at 8089
[09:56] Shai : touch of vwap cming on the drive
[09:59] Venkatesan : shai 8055 is pre low why its called poor low?
[10:02] Soumya : should we short at the touch of vwap?
[10:03] Soumya : should we short at the touch of vwap?
[10:03] Shai : Venkatesan poor high is a sign of exhuaston rather than a counter move
[10:03] Shai : exhaustion points often get revisisted
[10:04] Shai : Yes Soumya this open is a short at vwap with sl just above
[10:04] Sreedhar : no tail is a confirmation Shai?
[10:04] Venkatesan : is it necessarily higher high or lower low?
[10:04] Shai : Refer to P here – http://vtrender.com/glossary/
[10:05] Shai : Good auctions end always in tails
[10:05] Venkatesan : thank u shai
[10:05] Shai : till we see a tail at lows the down move is not over
[10:05] Sreedhar : how long should be the tail Shai?
[10:06] Shai : some buyers now
[10:06] Shai : Tail is actually a sharp rejection
[10:06] Shai : the counter action at that point should be swift
[10:07] Shai : in our MP charts on screen that tail should be min of 6-8 tpo’s
[10:07] Shai : the longer the better
[10:07] Sreedhar : Thanks Shai..
[10:08] Shai : Exit the BNF shorts here
[10:08] Rahul G : shai can you reference to any day’s profile for a good tail
[10:08] Shai : we will try that sell below 17398 again later
[10:08] Rahul G : was the 9100 high hit in march a good tail
[10:08] Soumya : i read in MOM that the tail should be minimum of 2 time periods – any relevance of two time periods in particular?
[10:09] Sandeep : when you say test vwap , does it mean developing vwap or yesterdays
[10:09] Shai : Rahul like 8124 here on top is a tail if it holds all day
[10:09] Shai : even 17577
[10:10] Shai : we have to see this at close charts as profile is still moving
[10:10] Rahul G : okay
[10:10] RK : Sandeep developing VWAP
[10:10] Rahul G : also should the tail be make in the first half?
[10:10] RK : for the intra positions
[10:11] Shai : Soumya what he meant was that it should stretch more than 30 mins – that buying or selling
[10:11] Shai : No tails can come anytime
[10:11] Venkatesan : so new day low in Nf is poosible as the there is no tail till now
[10:12] Shai : yes
[10:12] Venkatesan : thak u
[10:12] Shai : and signs of aggressive selling tail at open
[10:12] r m : so far it is single prints above KRA in NF
[10:13] Shai : In Market Profile reading the Open is very imp
[10:13] Shai : refer always this- http://vtrender.com/wp-content/uploads/2014/01/2015-01-29_16-50-28.jpg
[10:13] Shai : for us the Open is more imp than the close
[10:14] Varun : so will it be orr today ?
[10:15] r m : @Varun, Open type is Open drive in both NF and BNF I think?
[10:16] r m : I have not seen any volume at 17580/8127 in ODIN charts, maybe a single tick?
[10:17] Shai : Open drive meeting last week’s lows for a counter
[10:17] Shai : besides open is below neutral extreme lows
[10:17] Shai : as also FA point of friday at 8101
[10:17] Varun : shai continuation of the spike period of last 45 mins
[10:17] Shai : have to see now if buyers can take it abv vwap
[10:17] Varun : this should be bearish
[10:18] Shai : short is right below 8101 all day
[10:18] Chetan : so 8101 above sl safe
[10:18] Chetan : if that risk is affordable
[10:19] Vivek K : shai any more steam left in zee?
[10:19] Shai : yes Chetan
[10:19] Chetan : ok
[10:19] Shai : But shouldn’t come abv vwap also based on the Open type
[10:19] Shai : but prper sl is 8101 neutal extree lows on day
[10:21] Shai : Zeel 341- 344 big positional res
[10:21] Chetan : means on open drive days more often the close ll be lows od the day in direction of the open drive
[10:22] Shai : but positionall price confirms weakness now if it breaks below 332 again
[10:22] Shai : yes Chetan if vwap + filter holds all day
[10:22] Chetan : ok
[10:23] Shai : Having said that this open is not very strong in terms of volumes seen
[10:23] Vikkas C : filter is of how many points shai ?
[10:23] Shai : 7-8 points NF
[10:23] Vikkas C : ok
[10:23] Shai : the next pink should take it down again
[10:24] Suyash : shai i’m on a 15.6” screen. If i connect to a larger display, will i be able to see all 6 charts without the need to scroll ?
[10:25] Venkatesan : shai belowe 8053 spot, 7997?
[10:26] Vivek K : 8080-82 seems to be some sell limiti orders there right at vwap
[10:26] r m : 7970 as per spot update on blog
[10:26] Venkatesan : thank you rm
[10:27] r m : welcome
[10:30] Tejpreet : Suyash more than the screen size screen resolution is important.
[10:35] Chetan : shai how to moniter footprint after initiated short trede
[10:36] Sharad : @Suyash yes you can see …i use 24″ monitor
[10:36] Suyash : @ Tejpreet: I see. will try experimenting with the resolution. Right now i’m just able to see one chart and have to keep scrolling to see the rest of them
[10:36] Suyash : Thanks Sharad. I am thinking of getting a larger display.
[10:37] Sharad : welcome
[10:38] r m : @Suyash, yes, unless you have HD monitor, will have to manage with one chart and sliding techniques 🙂
[10:38] Suyash : @RM : So if i get a HD 24”, that should solve the problem right?
[10:39] r m : I think so but better to check the resolution with Shai for getting all in one screen with readable fonts
[10:40] Sharad : now a days all monitors are HD
[10:40] Suyash : yes. even my laptop screen is HD but it is 15.6” only
[10:40] r m : ok
[10:41] Sharad : RM i can able to read and see all in normal resolution in 24″ HD mointor
[10:41] r m : great Sharad!
[10:42] r m : I have 20″ non HD 🙁
[10:42] Sharad : i bot this Samsung 24 HD monitor recently before 3 months
[10:42] Tejpreet : It can be also done in 22 inch Dell P2214H
[10:43] r m : ok Sharad, good buy!
[10:43] Sharad : Yes Tejpreet and bigger screen will do
[10:43] r m : yes Tejpreet, we need HD resolution basically, bigger screen will help readability
[10:44] Tejpreet : But best is MAc displays with higher reolution
[10:44] r m : ok
[10:44] Tejpreet : you get full screen trade room plus nest chart on single screen
[10:44] Suyash : yes but mac doesn’t support NEST and other trading softwares right?
[10:44] Tejpreet : Run windows on mac via bootcamp
[10:45] Chetan : bn above VWAP
[10:45] Tejpreet : or crossover to see if windows program can run in mac mode.
[10:47] Suyash : yes i’ve heard with crossover you can run most windows programs in the mac
[10:50] Tejpreet : Shai if N and BN sustain above vwap can they target IBH as we are still in IB range.
[10:52] Shai : possible abv pdl at 8101 sl vwap
[10:52] Shai : market now drifting 8096- 8060 range
[10:53] Shai : BNF 17480- 17400
[10:53] Tejpreet : Thanks.
[10:53] Naveen : Connect two moniters to one desktop is the best solution
[10:53] Shai : vols are dying down under 100000 for last 15 mins which is way below avg
[10:56] Shai : For desktops which cannot extend display try sourcing a USB 2 adapter from flipkart or Amazon
[10:56] Sharad : Naveen but you need 2 port for it
[10:56] Shai : it does not eat into CPU and is not intensive
[10:56] r m : Thanks Shai
[10:56] Shai : yes you need multiple USB ports
[10:57] Shai : http://www.flipkart.com/cadyce-ca-udvga-usb-2-0-dvi-vga-display-adapter/p/itmdryrnajhhdmnp
[10:57] Shai : If short move sl a bot up to 8101
[10:58] Shai : we will look to add higher in NF
[11:01] Kathir : Hi Shai RM all friends
[11:02] Chetan : Higher level means near 8096??
[11:02] Naveen : yes.. u need a adapter, i am using the same..
[11:02] RK : Tata steel 10 Rs off from day highs
[11:02] Shai : Yes Chetan may test 8100
[11:03] Shai : see this green is staying at vwap
[11:04] Dharamveer : can it test 8110
[11:04] Shai : so far volume is not in there
[11:05] Vivek K : shai chart refresh time pls
[11:05] Shai : it it clmbs to 200000+ in the 15 min candle then possible
[11:05] Dharamveer : @shai thaks
[11:05] Porus : chart seems stuck
[11:06] Shai : getting data in…
[11:06] RK : Shai Maruti 3700 intra possible from here?
[11:08] Shai : Maruti 3740 intra day supp
[11:08] Shai : break of that can give you 3714/ 3704
[11:08] Dharamveer : chart still not refreshing
[11:09] RK : thanks Shai
[11:12] Shai : should be updating now
[11:12] Dharamveer : now working
[11:13] Porus : yes updating
[11:13] Hemant : Pjnk in the house 🙂
[11:13] Chetan : shai bn below to day low , can add short position to BN??
[11:13] Hemant : Pink*
[11:14] Shai : Yes Chetan
[11:14] Shai : there was a buyer at 18370 in BNF at open
[11:14] Shai : we short below IB – a safe short
[11:15] Kathir : trgt shai below IB?
[11:15] Kathir : NF I mean
[11:17] Venkatesan : hi kathir
[11:17] Kathir : Hi venkatesan
[11:24] Chetan : SHAI resposive buying??? nf
[11:30] Hemant : 8058 seller too added more shorts?
[11:30] Kathir : @Sharad?
[11:33] Sharad : yes Kathir
[11:34] Sandeep : is it possible to log in trading room from an iphone ?
[11:35] Sandeep : or only laptop is possible
[11:35] Kathir : @sharad any views for usd/inr
[11:35] Shai : yes can login from any mobile
[11:36] Sharad : Nothing only gap up and gap down and consolidating…
[11:36] Shai : download the Omnovia app when prompted from the browser
[11:37] r m : yes, both android and iphone
[11:37] Kathir : @sharad friday shai’s SL was 64.02..it went up to 64.04 and back to 64.40 range 🙂
[11:37] Sharad : true but today open gap up at 64.31 and moving there only
[11:38] Sharad : buy above 64.56 only or sell below 64.02
[11:38] r m : http://tinyurl.com/nc25dpe
[11:39] Sandeep : okay
[11:39] Kathir : @ sharad yeah gap up down we can do anything.big move upside only if it crosses 64.55 ..downside I dont know whaich is big support
[11:39] Sandeep : thanks
[11:40] Sharad : downside is 62.55
[11:41] Kathir : @sharad ok thanks
[11:44] Sharad : i am leaning towards 62.55 if today can not break 64.56
[11:45] Kathir : ok
[11:46] Tejpreet : Nifty in a range of abt 20 points 8060-80 since alst 2 hrs. …boring sleepy day.
[11:48] Sreedhar : @Shai, NF on friday didnt had proper tail at high .. will that be prepared..
[11:49] Sreedhar : repaired..
[11:50] Kathir : @TEJ IT IS PREPARING FOR A BIG FIRE 🙂
[11:50] Kathir : volumes very poor today NF
[11:51] Tejpreet : True Kathir …hope am not sleeping when the fire comes 🙂
[11:51] Sandeep : if you are logged in from desktop then is it possible to login from mobile too
[11:52] Sandeep : or you have to log out from onr device to log in from the other
[11:52] Kathir : @Tej 🙂
[11:52] Sharad : Sandeep can log in in only one device
[11:55] Sandeep : okay
[11:55] Sandeep : thanks
[12:01] Hemant : Folks, what would be the tgt for 8100 PE ?
[12:02] r m : should reach 182-185 at 8007 Hypo target
[12:02] Hemant : Got it RM
[12:02] Kathir : @he or she
[12:02] Hemant : Ty
[12:04] Shai : 155 is res on that 8100 pe on closing basis- see it is sustains abv at close
[12:05] Shai : yes 182 possible immediatey on crossover
[12:05] Hemant : Ok, Shai, will exit it at 152 or so if it doesnt get past 155
[12:06] Hemant : Almost there, so time to book in parts
[12:06] Shai : Hmant that is a closing basis level
[12:07] Shai : goo intra day abv 146 if you are a buyer- if selling sell if it breaks 146
[12:07] Hemant : Shai, i am a buyer, bought at 102 last week
[12:08] Shai : ok watch 155 then close basis wll move up if we close abv 155 today
[12:08] Hemant : Got it
[12:08] Shai : 140- 144 is a good TSL
[12:09] Hemant : Right
[12:15] Kathir : @shai If we short nf below IB low what trgt and SL ?
[12:20] Shai : Kathir 8035 sl vwap always with filter from break below / above IB
[12:20] Kathir : @SHAI ok thanks
[12:25] Chetan : shai how can you make it algos moving the market?
[12:25] RK : Shai Maruti support level next to 3704?
[12:27] Shai : yes 3717/ 3704
[12:28] Shai : should not break 3704 on toay’s volumes but let’s see that at close
[12:28] RK : I meant to ask level below 3704
[12:28] RK : got it
[12:28] Shai : Chetan we calculate algos for speed of execution on our charts
[12:28] Shai : simply put thos evolumes not possible unless pre- progremmed
[12:29] Chetan : foot print??
[12:29] Shai : no they will show up on the chart as an ‘algo’
[12:30] Chetan : oh ok
[12:30] Chetan : next time any algo move happens please refer it???
[12:30] Shai : Kathir usdinr 64.18 LVN all week
[12:31] Shai : No breakdown till 64.18 breaks this week now
[12:31] Shai : they don’t come that often but it will show up when they do
[12:32] Chetan : ok
[12:34] Dharamveer : 8048 is it sl trigger
[12:34] Dharamveer : can we still expect 8035
[12:35] Shai : yes big vols at 8048
[12:35] Shai : nothing below
[12:35] Dharamveer : yes can we still look for 8035 intra
[12:36] Shai : yes restest should happen
[12:36] Dharamveer : thanks
[12:37] Shai : some 1 sold at 8048
[12:37] Tejpreet : Could that sell be sl trigger for long.
[12:38] Chetan : 12600-129900 that 1 you refering to shai??
[12:40] Shai : possible tejpreet that is was stops
[12:40] Shai : it’s not unlikely that people place stops below last week lows etc
[12:40] Shai : those buyers from thurs at 8078 are under pressure
[12:41] Suyash : shai you said that this week’s range will likely be from 8050 to 8250. Should we be looking for a swing long here?
[12:41] Sreedhar : +1
[12:42] Shai : Not yet Suyash
[12:42] Shai : 7970 F also shows up on weekly charts
[12:42] Shai : that is the SL for the week if long
[12:44] Suyash : I see
[12:50] Tejpreet : Shai views on IDBI for cash buying , lvls to enter for 6 months .
[12:56] Dharamveer : in the first chart the day low is 8040.40 but in 2nd chart the lowest it is showing is 8048 also theris no sign of 8040 in 3rd chart why is it this way
[13:04] Shai : there is no trading vol below 8048, hence
[13:05] Dharamveer : was it the same with the fridays high at 8200
[13:07] Shai : idbi can be a good long here for a multi month TF
[13:07] Shai : last sept lows are around 58 and longs can be trusted here as long as we don’t close this week below 56
[13:08] Shai : 64.2/ 68/ 75.4 3 res levels up
[13:08] Shai : safe if it closes abv 68 this month
[13:09] Tejpreet : Thanks Shai for te detailed analysis.
[13:09] Tejpreet : the
[13:09] Shai : welcome 🙂
[13:11] Shai : Move NF stops up to 8075 F. Momentum now missing completely
[13:13] Hemant : Eluded by 8040 so far 🙂
[13:14] Varun : @Shai should it be a sar?
[13:14] Shai : has to fall quickly here else chances of 8124 by close
[13:15] Varun : @shai We have a nice tail
[13:15] Shai : Yes can SAR abv vwap+ filter . safe abv 8089
[13:15] Varun : @shai Poor low repaired and above it
[13:15] Varun : vej di
[13:15] Kathir : @shai below 8035 8007 possible now?
[13:15] Shai : yes
[13:16] Kathir : OK
[13:18] RK : they are listening :)(13:14) Shai :has to fall quickly here else chances of 8124 by close
[13:18] r m : 🙂
[13:18] Kathir : @RK yeah even I thought 🙂
[13:19] r m : an ear to the omnovia 🙂
[13:19] Shai : 8035 finally
[13:20] Shai : sl is 8056 if staying else book out
[13:20] Sandeep : intraday try for long above 8056
[13:20] Shai : yes can but exit if vwap does not cross
[13:21] RK : dont think buying attempts will take place this time around BRN 8000
[13:22] RK : whenever we get there today or tomrrow
[13:22] RK : Shai not good RR here for BNF short below IBL?
[13:23] r m : @RK, you mean dip buyers will get ditched on that dip? 🙂
[13:23] Shai : RK some 1 is buying the lows in BNF
[13:24] r m : As per Shai’s view on spot, bull market bye-bye below 7920 spot close 🙂
[13:24] RK : RM already some attempts gone in vain..so 8000 not a daring placee to attempt again
[13:24] r m : ok
[13:25] RK : that should save us..I mean flush out of 8000 buyers if any..Shai this week right up will be a light house 🙂
[13:26] Tejpreet : Best would be look in range of 7950 plus minus 20 points with closing sl 7920 spot , do not buy call but sell 7800 put as iv is high.
[13:26] RK : Varun has to still wait now for his poor low 🙂
[13:26] Kathir : @RK 🙂
[13:27] RK : I mean proper low..it keeps making poor low
[13:27] Kathir : @RK but past 10 days somehow he is creating poor lows daily 🙂
[13:27] r m : I am waiting for the day when Varun will mark a low as rich 🙂
[13:27] RK : this entire season he is hooking poor low/highs 🙂
[13:28] r m : yeah, he is making money with both hands, ambidextrous!
[13:29] Shai : we may have a tail here at 8031
[13:30] Shai : not a good one but response is there
[13:30] RK : low conviction move around prev low 7997 certainly lures many to buy dips here..lets see if clear VWAP and PDL in fashion..otherwise, going for longs would be still tricky..lets wait for Shai’s whistle 🙂
[13:30] Vikkas C : is it a good time to buy 8200 call
[13:30] Shai : take it abv vwap and we know for sure
[13:30] Shai : No Vikkas longs abv IBL . conf abv vwap
[13:30] Shai : conservatives wait for vwap to cross
[13:30] Vikkas C : ok thanx shai
[13:30] Chetan : so can look to bookout full at 8050
[13:31] RK : got it Shai
[13:32] RK : Shai so far we have got b profile..chances are there for DD considering only a 2 hrs for close?
[13:33] RK : I mean would that be a valid DD if it happens?
[13:33] r m : b profile is short covering and it is said that short covering makes a market weak, so may be good for a short on rise?
[13:34] Shai : No chances of a DD on today’s profile less
[13:34] Shai : IBL is the ref line still for a normal variation day
[13:35] RK : got it
[13:36] r m : oops, b can’t be short covering laid an egg there!
[13:36] RK : RM b for unwinding of long..isn’t it?
[13:36] r m : yep
[13:37] r m : so there could be “mungeri lal ke hassen sapne” for bulls above vwap? 🙂
[13:37] Ashish : 🙂 Rm
[13:38] Varun : we have a nice *rich low today
[13:38] Varun : if it holds
[13:38] r m : Thanks Varun 🙂
[13:38] Tejpreet : hope it makes us also rich 🙂
[13:38] RK : they are waiting there..but will they have a chance today?..If yes, then the day of trousers 🙂
[13:39] Varun : cross the vwap, enter spike area. hoit 8200
[13:39] RK : Varun I feel they want to give you some better tail and not this one 🙂
[13:39] Shai : Has to stay all day
[13:39] Varun : hit *
[13:40] Shai : For those wanting to go long Buy a 8100 ce with trigger abv 119 and sell 2 lots of 8400 CE when that is executed at mkt
[13:40] Chetan : for intraday
[13:40] Shai : is a positional play 8100 ce can tgt 180/ 227
[13:40] RK : so far trend day plays out well with prices never going above VWAP..though with less conviction
[13:41] r m : yep, a poor trend day 🙂
[13:41] Shai : trigger abv 119 to ensure it is abv IBL
[13:41] Varun : dnt start m period below 8050
[13:41] Varun : 4 mins u have bulls
[13:41] Shai : 1.45
[13:41] Varun : ok 46
[13:41] Varun : 8046
[13:45] Varun : this is how u do it bulls
[13:45] Varun : nw dnt break the lows
[13:45] Varun : else ure in trouble
[13:45] Shai : 🙂
[13:46] Shai : In an open outcry system you would have done great on the floor of the exchange
[13:46] r m : lol
[13:46] Shai : and got instant results also
[13:46] Varun : 😉
[13:46] r m : i am imagining Varun on CME floor in cattle auction 🙂
[13:46] Shai : 🙂
[13:47] RK : so the tail is saved 🙂
[13:47] r m : lol
[13:47] Shai : not safe at all below IBL
[13:47] r m : @RK, hold on lest Varun brands this cattle’s tail as poor 🙂
[13:49] RK : Shai you mean not safe for bulls..right? 🙂
[13:49] RK : RM 🙂
[13:51] Shai : yes
[13:51] Shai : BNF seeing some1 buying the lows
[13:51] Shai : back abv IBL
[13:51] Hemant : 8100 CE at 119 is the trigger to buy it Shai ?
[13:53] Shai : yes
[13:53] Sandeep : or if nf goes above 8056
[13:54] Sandeep : 17425
[13:54] Shai : thanks. will correct
[13:55] Shai : (13:54) Shai :Buy BNF abv 17425 sl of 17370 tgt 17510
[13:56] Shai : Buy is abv vwap+small filter and trip to friday close price
[13:57] Tejpreet : How are the volumes looking …seem to be picking up
[13:59] Shai : yes slightly
[14:00] Shai : looking at a spositional buy in HDFC here with sl below prev swing lows of 1145 tgt 1218
[14:10] Kathir : where is NF vwap now?
[14:12] RK : should be around 8067 Kathir
[14:12] Venkatesan : 8068 above frame
[14:12] r m : 8063 on my charts
[14:12] r m : ok
[14:12] Kathir : ok thanks all
[14:13] Venkatesan : http://www.nse-india.com/live_market/dynaContent/live_watch/get_quote/GetQuoteFO.jsp?underlying=NIFTY&instrument=FUTIDX&expiry=25JUN2015&type=-&strike=-
[14:13] r m : Thanks!
[14:14] Venkatesan : :):)
[14:18] Shai : NF crosses vwap
[14:18] Venkatesan : cool
[14:18] Hemant : Shai, 8100 Ce can target 130+ today ?
[14:18] Venkatesan : shai nifty bottomed out?
[14:19] Venkatesan : for june series
[14:19] Shai : No
[14:19] Venkatesan : thank u
[14:21] Shai : 8100 ce can do 136 abv 118
[14:21] Shai : Book 50% BNF at 17470 revise sl to 17410
[14:23] Vikkas C : SHAI any views on axis bank ?
[14:25] Shai : Axis fairly strng on day
[14:26] Shai : 564 is the immediate objective
[14:26] Vikkas C : and what shud be SL to play this view if u cud help ?
[14:26] Shai : a close abv 565 can bring some short covering and also mean positionaly today lows are secure
[14:26] Shai : 550 is the sl from here into close
[14:27] Vikkas C : ok..thanx
[14:27] Shai : but positional sl is now 542
[14:27] Pawandeep : @ shai nifty buyvwap+filter 8066+7=8073
[14:27] Shai : is a good hold abv 542 and close abv 565 makes it better
[14:28] Shai : Can Pawandeep sl just below IB – look at 8089/ 8107
[14:28] Vikkas C : ok thanx shai
[14:28] Pawandeep : thanks
[14:29] Shai : slightly more buyers in system now
[14:30] Hemant : 8100 CE above 119
[14:30] Shai : hold the other BNF halff fpr 17570 sl of 17450 now
[14:33] Vikkas C : is NF a buy here ..?
[14:35] Shai : No
[14:35] Vikkas C : ok
[14:35] Shai : Book out BNF
[14:36] Varun : so bulls didnt disappoint 😉
[14:36] Shai : NF can rise to 8107 but risk is equal here
[14:36] Shai : if trading long sl is 8049
[14:37] Shai : Varun :). You summoned them
[14:37] Kathir : 🙂
[14:37] RK : now he has spike 🙂
[14:37] Tejpreet : 😉
[14:37] Varun : st the exact bottom 😉
[14:37] Varun : at
[14:39] Vikkas C : is nifty a safe long abv 8101
[14:40] John : Shai,Is the move above 8070 was a stop trigger intra?
[14:43] r m : Bulls lured to the auction by Varun 🙂
[14:44] Hemant : Shai, can go for a strangle here?
[14:44] RK : still equal chance RM..both bulls and bears lured so far 🙂
[14:45] Varun : on a serious note a poor low repair should have had follow up selling
[14:45] Varun : @shai ?
[14:45] Varun : since it was missing, so next would be to search for atail
[14:45] RK : till VAL is taken out bears are safe…clearly they are extending the range downside..
[14:46] Varun : another feather for bears
[14:46] Varun : value wayh below val
[14:46] Varun : way’
[14:46] RK : yes entire day’s auction below VAL
[14:54] Shai : John actually some sellers covered on the move abv IBL
[14:54] Shai : went to near 8089 which was seen in the morning
[14:55] Shai : Hemant I don’t rule out 7970 coming this week
[14:55] Shai : still possible
[14:55] John : ok Shai, thanks for the clarification 🙂
[14:55] Hemant : Shai, what would be 7800 PE target on next pink today?
[14:56] Hemant : Got it Shai, any strategy from the back of your hand ? 🙂
[14:59] Shai : Sell 7900 pe sl of 90 positional and sell 8300 ce sl of 84
[14:59] Hemant : Ty 🙂
[15:00] RK : they are back 🙂
[15:03] RK : thats a good volume in NF..should cross 6 lacs
[15:07] Kathir : @Varun trying to save the tail 🙂
[15:08] Dharamveer : where can it close for the day shai
[15:08] Varun : tsil lost its relevance
[15:08] Varun : tail
[15:09] Varun : the upper tail is like 6 times bigger than the lower one
[15:09] Shai : close should be at lows now
[15:09] Shai : BNF 17525 stopped that auction at vwap bands
[15:10] Shai : OrderFlow in BNF has shown buying at lows- have to confirm with the OI sheet
[15:10] Tejpreet : Any chances of gap up in BN tomorrow.
[15:12] Shai : I would presume BN is getting exhausted after the sell off from last tuesday
[15:12] Shai : can anticpate a bounce which should not cross 17600 spot on closing basis
[15:12] Shai : No can’t see a gap
[15:12] Tejpreet : Got it. Thanks.
[15:14] Soumya : nifty trading below previous week’s low – should be bearish – right shai?
[15:14] Shai : yes Soumya
[15:14] Shai : Not done enough to justify carrying longs
[15:16] Kathir : 15:16 r m: MO -46
[15:23] Shai : NF 8124 selling tail staying at close
[15:23] Shai : is a sl now for all those who are short
[15:24] Shai : down below on ositionals we don’t see the auction ending in any way
[15:24] Shai : positionals*
[15:24] RK : Shai and fresh selling in last candle is highest volume candle.
[15:24] RK : of the day
[15:24] RK : ?
[15:24] Shai : exhaustion can set in and give rises but remains a sell on rise mkt
[15:24] Shai : 3.15?
[15:24] RK : yes Shai..
[15:25] Shai : yes highest after 1st 15 mins
[15:25] RK : got it..thanks
[15:25] Kathir : @RK in that candle delta maximum is -1825.
[15:26] RK : yes Kathir
[15:26] Kathir : complete selling
[15:27] Soumya : lic housing looking weak below 401 with stop of 408- any views shai?
[15:28] Shai : yes weak on this close can tgt 395 this week
[15:28] Kathir : @RK your maruthi gong soth to indian ocean
[15:28] Shai : yes 410 a good sl
[15:28] Kathir : going south
[15:28] Soumya : but rr won’t be favourable
[15:29] Soumya : any chances of lower downside targets?
[15:29] Venkatesan : thank you shai, rm and friends , 7960 on the card shai?
[15:29] Shai : true
[15:29] r m : @Kathir, they are diversifying into ship bulding? 🙂
[15:29] Shai : Yes Venkatesan
[15:29] RK : Closed Kathir..belly is too buldging with shorts..so done intra in it
[15:29] Shai : clean selling below current day low tom for 7969
[15:29] Kathir : fine RK
[15:29] Tejpreet : Bye All.
[15:30] RK : 3750-3732 small trade
[15:30] Shai : bye all
[15:30] Shai : Have a nice evening
[15:30] John : Bye all 🙂
[15:30] Kathir : nice one RK
[15:30] Sreedhar : thanks Shai..
[15:30] RK : bye all
[15:30] Porus : bye all
[15:30] r m : Thanks and bye folks, have a great evening 🙂
[15:30] RK : thanks Kathir
[15:30] Hemant : Tomorrow goes 8000 🙁 Sad phase for Indian market
[15:30] Vikkas C : BYE ALL ..
[15:30] Kathir : Thanks and bye all 🙂 see you on friday 🙂
[15:30] Kris : Bye all 🙂
[15:30] Pawandeep : Good Bye shai, rm and friends
[15:30] Hemant : See you folks tomorrow, Ty Shai 🙂
[15:31] Soumya : Bye friends
Date and Time: June 08, 2015 09:24:27[08:55] r m : Good Morning folks!
[08:55] r m : http://vtrender.com/levels-and-plan-for-08th-june/
[08:55] Porus : GM RM and all
[08:55] r m : Hi Porus
[08:55] r m : http://vtrender.com/premium/orderflow-charts-and-notes-050615/
[08:55] r m : http://vtrender.com/nifty-bn-weekly-view-spot-for-8-12-june15/
[08:55] John : GM all
[08:56] r m : Nifty JUN Future levels| Key Reference Area 8080| Hypo1 below 8080➜8044➜8007 SL 8116| Hypo2 above 8147➜8180➜8222 SL 8100
[08:56] r m : Banknifty JUN Future levels| KRA 17631| Hypo1 above 17640➜17746➜17820 SL 17520| Hypo2 below 17410➜17297➜17160 SL 17526
[08:57] Sudhakar : GM All
[08:57] Vikkas C : gm all
[08:58] Sharad : GM all
[09:01] Sharad : wow USDINR 64.31
[09:02] Tejpreet : GM All.
[09:02] Pawandeep : Good Morning Shai,rm @ Friends 🙂
[09:03] Hemant : GM Folks, hope the weekend went well 🙂
[09:05] Shai : GM all
[09:06] Srini A : GM Folks
[09:09] Venkatesan : gm shai, rm and frnds
[09:10] Shai : Volumes of last week added to charts. Allow a few mins for the value areas and LVN’s to set in at the open
[09:10] r m : Hi Pawandeep, Venkatesan
[09:12] Chetan : gm all
[09:13] Venkatesan : hi rm zerodha terminal show some erratic value now
[09:14] Venkatesan : 8500ce %change 900%
[09:14] Moses : GM All
[09:15] Sandeep : good morning
[09:17] Shai : last week’s OrderFlow takeaway : big buyers at 8078 and big seller at 8190
[09:17] Ashish : Gm all
[09:18] Shai : one of them has to g for the mkt to move
[09:18] Sumit : GM everyone
[09:18] Hemant : Shai, the seller was tested on Friday, its turn to checkout the buyer?
[09:22] Shai : already happening
[09:22] Shai : BNF below last week lows
[09:22] Hemant : Yes indeed 🙂
[09:22] Shai : 17410 is the iintra day ref area
[09:23] Shai : 8080 in NF
[09:23] Venkatesan : shai lvn-4?
[09:23] Shai : LVN in NF not updating yet- give me a few mins
[09:23] Venkatesan : s shai
[09:24] Chetan : can v sell using references
[09:26] Shai : Chetan Mon mornings give mkts 15 mins to settle
[09:26] Soumya : Shai what is your view of sun pharma – my studies say that it can touch 890 and 818 was an important low made
[09:26] Chetan : pk
[09:26] Shai : LVN in NF now updated
[09:26] Chetan : ok
[09:26] Venkatesan : thank u shai
[09:29] RK : SunTV 25% down
[09:29] Shai : mkts looking weak
[09:30] Venkatesan : sun tv going to shutdown
[09:30] Venkatesan : bad time for maran bros
[09:30] Shai : Sun Phama positionally still weak. Expected auction now is sideways and then a amove
[09:30] RK : GM Shai,RM and all
[09:30] Shai : looking at 870 cross in sunpharam this week on 60 min close basis to confirm upmoves
[09:31] r m : Hi RK
[09:31] RK : Venkatesan its just a temporary threay..they are cash rich company and survive well despite any threat
[09:31] RK : *threat
[09:32] Chetan : shai open drive ??
[09:32] Venkatesan : probably but under bjp govt , they dont have stomach to do much
[09:35] r m : guess they are more terrified of Amma then BJP 🙂
[09:36] RK : No RM they are not in AMMA list:)
[09:36] Venkatesan : right rm amma is ironlady
[09:36] Venkatesan : but bjp will support marans without ammas consent
[09:36] r m : @RK, you mean that angle taken care of financially? 😀
[09:38] RK : not really..but she has considered them as enemies till date..her agenda is always with Karuna
[09:38] RK : *hass not
[09:38] r m : ok, i guess that has more to do with the personal vendetta DMK carried out against her when they were in power
[09:39] RK : yes always
[09:40] Shai : Sell BNF below 17398 sl of 17476 tgt 17300
[09:40] Soumya : Thank you Shai
[09:40] Venkatesan : rm what is repairing , last trading shai was discussing
[09:42] r m : @Venkatesan, the way I understand it, the areas where no auction happened earlier are usually actioned later that is perhaps termed as repairing
[09:42] Shai : BNF is a sell below- looking for price to break 17400
[09:43] Venkatesan : so later auction is week one or otherwise
[09:43] r m : that i think will be known on observing order flow when that revisit is done
[09:43] Tejpreet : Shai in BN isn’t the 17350-80 zone a strong support.
[09:43] Venkatesan : thank u rm
[09:44] Venkatesan : spot still not lowe low of previous
[09:44] r m : welcome
[09:44] Venkatesan : low
[09:45] Venkatesan : 8056.75 pre low spot
[09:45] Venkatesan : broken
[09:45] Soumya : markets cracking
[09:48] Shai : Sell NF at cmp sl of 8085 tgt 8035
[09:49] Shai : willing buyers not there
[09:49] Shai : auction is driving down
[09:53] Kris : GM All 🙂
[09:54] Vivek K : 8055 poor low repaired?
[09:54] Shai : no
[09:54] r m : Hi Kris
[09:54] Shai : just visisted
[09:54] Kris : Hi Rm.
[09:55] Shai : Keep sl of shorts at 8089
[09:56] Shai : touch of vwap cming on the drive
[09:59] Venkatesan : shai 8055 is pre low why its called poor low?
[10:02] Soumya : should we short at the touch of vwap?
[10:03] Soumya : should we short at the touch of vwap?
[10:03] Shai : Venkatesan poor high is a sign of exhuaston rather than a counter move
[10:03] Shai : exhaustion points often get revisisted
[10:04] Shai : Yes Soumya this open is a short at vwap with sl just above
[10:04] Sreedhar : no tail is a confirmation Shai?
[10:04] Venkatesan : is it necessarily higher high or lower low?
[10:04] Shai : Refer to P here – http://vtrender.com/glossary/
[10:05] Shai : Good auctions end always in tails
[10:05] Venkatesan : thank u shai
[10:05] Shai : till we see a tail at lows the down move is not over
[10:05] Sreedhar : how long should be the tail Shai?
[10:06] Shai : some buyers now
[10:06] Shai : Tail is actually a sharp rejection
[10:06] Shai : the counter action at that point should be swift
[10:07] Shai : in our MP charts on screen that tail should be min of 6-8 tpo’s
[10:07] Shai : the longer the better
[10:07] Sreedhar : Thanks Shai..
[10:08] Shai : Exit the BNF shorts here
[10:08] Rahul G : shai can you reference to any day’s profile for a good tail
[10:08] Shai : we will try that sell below 17398 again later
[10:08] Rahul G : was the 9100 high hit in march a good tail
[10:08] Soumya : i read in MOM that the tail should be minimum of 2 time periods – any relevance of two time periods in particular?
[10:09] Sandeep : when you say test vwap , does it mean developing vwap or yesterdays
[10:09] Shai : Rahul like 8124 here on top is a tail if it holds all day
[10:09] Shai : even 17577
[10:10] Shai : we have to see this at close charts as profile is still moving
[10:10] Rahul G : okay
[10:10] RK : Sandeep developing VWAP
[10:10] Rahul G : also should the tail be make in the first half?
[10:10] RK : for the intra positions
[10:11] Shai : Soumya what he meant was that it should stretch more than 30 mins – that buying or selling
[10:11] Shai : No tails can come anytime
[10:11] Venkatesan : so new day low in Nf is poosible as the there is no tail till now
[10:12] Shai : yes
[10:12] Venkatesan : thak u
[10:12] Shai : and signs of aggressive selling tail at open
[10:12] r m : so far it is single prints above KRA in NF
[10:13] Shai : In Market Profile reading the Open is very imp
[10:13] Shai : refer always this- http://vtrender.com/wp-content/uploads/2014/01/2015-01-29_16-50-28.jpg
[10:13] Shai : for us the Open is more imp than the close
[10:14] Varun : so will it be orr today ?
[10:15] r m : @Varun, Open type is Open drive in both NF and BNF I think?
[10:16] r m : I have not seen any volume at 17580/8127 in ODIN charts, maybe a single tick?
[10:17] Shai : Open drive meeting last week’s lows for a counter
[10:17] Shai : besides open is below neutral extreme lows
[10:17] Shai : as also FA point of friday at 8101
[10:17] Varun : shai continuation of the spike period of last 45 mins
[10:17] Shai : have to see now if buyers can take it abv vwap
[10:17] Varun : this should be bearish
[10:18] Shai : short is right below 8101 all day
[10:18] Chetan : so 8101 above sl safe
[10:18] Chetan : if that risk is affordable
[10:19] Vivek K : shai any more steam left in zee?
[10:19] Shai : yes Chetan
[10:19] Chetan : ok
[10:19] Shai : But shouldn’t come abv vwap also based on the Open type
[10:19] Shai : but prper sl is 8101 neutal extree lows on day
[10:21] Shai : Zeel 341- 344 big positional res
[10:21] Chetan : means on open drive days more often the close ll be lows od the day in direction of the open drive
[10:22] Shai : but positionall price confirms weakness now if it breaks below 332 again
[10:22] Shai : yes Chetan if vwap + filter holds all day
[10:22] Chetan : ok
[10:23] Shai : Having said that this open is not very strong in terms of volumes seen
[10:23] Vikkas C : filter is of how many points shai ?
[10:23] Shai : 7-8 points NF
[10:23] Vikkas C : ok
[10:23] Shai : the next pink should take it down again
[10:24] Suyash : shai i’m on a 15.6” screen. If i connect to a larger display, will i be able to see all 6 charts without the need to scroll ?
[10:25] Venkatesan : shai belowe 8053 spot, 7997?
[10:26] Vivek K : 8080-82 seems to be some sell limiti orders there right at vwap
[10:26] r m : 7970 as per spot update on blog
[10:26] Venkatesan : thank you rm
[10:27] r m : welcome
[10:30] Tejpreet : Suyash more than the screen size screen resolution is important.
[10:35] Chetan : shai how to moniter footprint after initiated short trede
[10:36] Sharad : @Suyash yes you can see …i use 24″ monitor
[10:36] Suyash : @ Tejpreet: I see. will try experimenting with the resolution. Right now i’m just able to see one chart and have to keep scrolling to see the rest of them
[10:36] Suyash : Thanks Sharad. I am thinking of getting a larger display.
[10:37] Sharad : welcome
[10:38] r m : @Suyash, yes, unless you have HD monitor, will have to manage with one chart and sliding techniques 🙂
[10:38] Suyash : @RM : So if i get a HD 24”, that should solve the problem right?
[10:39] r m : I think so but better to check the resolution with Shai for getting all in one screen with readable fonts
[10:40] Sharad : now a days all monitors are HD
[10:40] Suyash : yes. even my laptop screen is HD but it is 15.6” only
[10:40] r m : ok
[10:41] Sharad : RM i can able to read and see all in normal resolution in 24″ HD mointor
[10:41] r m : great Sharad!
[10:42] r m : I have 20″ non HD 🙁
[10:42] Sharad : i bot this Samsung 24 HD monitor recently before 3 months
[10:42] Tejpreet : It can be also done in 22 inch Dell P2214H
[10:43] r m : ok Sharad, good buy!
[10:43] Sharad : Yes Tejpreet and bigger screen will do
[10:43] r m : yes Tejpreet, we need HD resolution basically, bigger screen will help readability
[10:44] Tejpreet : But best is MAc displays with higher reolution
[10:44] r m : ok
[10:44] Tejpreet : you get full screen trade room plus nest chart on single screen
[10:44] Suyash : yes but mac doesn’t support NEST and other trading softwares right?
[10:44] Tejpreet : Run windows on mac via bootcamp
[10:45] Chetan : bn above VWAP
[10:45] Tejpreet : or crossover to see if windows program can run in mac mode.
[10:47] Suyash : yes i’ve heard with crossover you can run most windows programs in the mac
[10:50] Tejpreet : Shai if N and BN sustain above vwap can they target IBH as we are still in IB range.
[10:52] Shai : possible abv pdl at 8101 sl vwap
[10:52] Shai : market now drifting 8096- 8060 range
[10:53] Shai : BNF 17480- 17400
[10:53] Tejpreet : Thanks.
[10:53] Naveen : Connect two moniters to one desktop is the best solution
[10:53] Shai : vols are dying down under 100000 for last 15 mins which is way below avg
[10:56] Shai : For desktops which cannot extend display try sourcing a USB 2 adapter from flipkart or Amazon
[10:56] Sharad : Naveen but you need 2 port for it
[10:56] Shai : it does not eat into CPU and is not intensive
[10:56] r m : Thanks Shai
[10:56] Shai : yes you need multiple USB ports
[10:57] Shai : http://www.flipkart.com/cadyce-ca-udvga-usb-2-0-dvi-vga-display-adapter/p/itmdryrnajhhdmnp
[10:57] Shai : If short move sl a bot up to 8101
[10:58] Shai : we will look to add higher in NF
[11:01] Kathir : Hi Shai RM all friends
[11:02] Chetan : Higher level means near 8096??
[11:02] Naveen : yes.. u need a adapter, i am using the same..
[11:02] RK : Tata steel 10 Rs off from day highs
[11:02] Shai : Yes Chetan may test 8100
[11:03] Shai : see this green is staying at vwap
[11:04] Dharamveer : can it test 8110
[11:04] Shai : so far volume is not in there
[11:05] Vivek K : shai chart refresh time pls
[11:05] Shai : it it clmbs to 200000+ in the 15 min candle then possible
[11:05] Dharamveer : @shai thaks
[11:05] Porus : chart seems stuck
[11:06] Shai : getting data in…
[11:06] RK : Shai Maruti 3700 intra possible from here?
[11:08] Shai : Maruti 3740 intra day supp
[11:08] Shai : break of that can give you 3714/ 3704
[11:08] Dharamveer : chart still not refreshing
[11:09] RK : thanks Shai
[11:12] Shai : should be updating now
[11:12] Dharamveer : now working
[11:13] Porus : yes updating
[11:13] Hemant : Pjnk in the house 🙂
[11:13] Chetan : shai bn below to day low , can add short position to BN??
[11:13] Hemant : Pink*
[11:14] Shai : Yes Chetan
[11:14] Shai : there was a buyer at 18370 in BNF at open
[11:14] Shai : we short below IB – a safe short
[11:15] Kathir : trgt shai below IB?
[11:15] Kathir : NF I mean
[11:17] Venkatesan : hi kathir
[11:17] Kathir : Hi venkatesan
[11:24] Chetan : SHAI resposive buying??? nf
[11:30] Hemant : 8058 seller too added more shorts?
[11:30] Kathir : @Sharad?
[11:33] Sharad : yes Kathir
[11:34] Sandeep : is it possible to log in trading room from an iphone ?
[11:35] Sandeep : or only laptop is possible
[11:35] Kathir : @sharad any views for usd/inr
[11:35] Shai : yes can login from any mobile
[11:36] Sharad : Nothing only gap up and gap down and consolidating…
[11:36] Shai : download the Omnovia app when prompted from the browser
[11:37] r m : yes, both android and iphone
[11:37] Kathir : @sharad friday shai’s SL was 64.02..it went up to 64.04 and back to 64.40 range 🙂
[11:37] Sharad : true but today open gap up at 64.31 and moving there only
[11:38] Sharad : buy above 64.56 only or sell below 64.02
[11:38] r m : http://tinyurl.com/nc25dpe
[11:39] Sandeep : okay
[11:39] Kathir : @ sharad yeah gap up down we can do anything.big move upside only if it crosses 64.55 ..downside I dont know whaich is big support
[11:39] Sandeep : thanks
[11:40] Sharad : downside is 62.55
[11:41] Kathir : @sharad ok thanks
[11:44] Sharad : i am leaning towards 62.55 if today can not break 64.56
[11:45] Kathir : ok
[11:46] Tejpreet : Nifty in a range of abt 20 points 8060-80 since alst 2 hrs. …boring sleepy day.
[11:48] Sreedhar : @Shai, NF on friday didnt had proper tail at high .. will that be prepared..
[11:49] Sreedhar : repaired..
[11:50] Kathir : @TEJ IT IS PREPARING FOR A BIG FIRE 🙂
[11:50] Kathir : volumes very poor today NF
[11:51] Tejpreet : True Kathir …hope am not sleeping when the fire comes 🙂
[11:51] Sandeep : if you are logged in from desktop then is it possible to login from mobile too
[11:52] Sandeep : or you have to log out from onr device to log in from the other
[11:52] Kathir : @Tej 🙂
[11:52] Sharad : Sandeep can log in in only one device
[11:55] Sandeep : okay
[11:55] Sandeep : thanks
[12:01] Hemant : Folks, what would be the tgt for 8100 PE ?
[12:02] r m : should reach 182-185 at 8007 Hypo target
[12:02] Hemant : Got it RM
[12:02] Kathir : @he or she
[12:02] Hemant : Ty
[12:04] Shai : 155 is res on that 8100 pe on closing basis- see it is sustains abv at close
[12:05] Shai : yes 182 possible immediatey on crossover
[12:05] Hemant : Ok, Shai, will exit it at 152 or so if it doesnt get past 155
[12:06] Hemant : Almost there, so time to book in parts
[12:06] Shai : Hmant that is a closing basis level
[12:07] Shai : goo intra day abv 146 if you are a buyer- if selling sell if it breaks 146
[12:07] Hemant : Shai, i am a buyer, bought at 102 last week
[12:08] Shai : ok watch 155 then close basis wll move up if we close abv 155 today
[12:08] Hemant : Got it
[12:08] Shai : 140- 144 is a good TSL
[12:09] Hemant : Right
[12:15] Kathir : @shai If we short nf below IB low what trgt and SL ?
[12:20] Shai : Kathir 8035 sl vwap always with filter from break below / above IB
[12:20] Kathir : @SHAI ok thanks
[12:25] Chetan : shai how can you make it algos moving the market?
[12:25] RK : Shai Maruti support level next to 3704?
[12:27] Shai : yes 3717/ 3704
[12:28] Shai : should not break 3704 on toay’s volumes but let’s see that at close
[12:28] RK : I meant to ask level below 3704
[12:28] RK : got it
[12:28] Shai : Chetan we calculate algos for speed of execution on our charts
[12:28] Shai : simply put thos evolumes not possible unless pre- progremmed
[12:29] Chetan : foot print??
[12:29] Shai : no they will show up on the chart as an ‘algo’
[12:30] Chetan : oh ok
[12:30] Chetan : next time any algo move happens please refer it???
[12:30] Shai : Kathir usdinr 64.18 LVN all week
[12:31] Shai : No breakdown till 64.18 breaks this week now
[12:31] Shai : they don’t come that often but it will show up when they do
[12:32] Chetan : ok
[12:34] Dharamveer : 8048 is it sl trigger
[12:34] Dharamveer : can we still expect 8035
[12:35] Shai : yes big vols at 8048
[12:35] Shai : nothing below
[12:35] Dharamveer : yes can we still look for 8035 intra
[12:36] Shai : yes restest should happen
[12:36] Dharamveer : thanks
[12:37] Shai : some 1 sold at 8048
[12:37] Tejpreet : Could that sell be sl trigger for long.
[12:38] Chetan : 12600-129900 that 1 you refering to shai??
[12:40] Shai : possible tejpreet that is was stops
[12:40] Shai : it’s not unlikely that people place stops below last week lows etc
[12:40] Shai : those buyers from thurs at 8078 are under pressure
[12:41] Suyash : shai you said that this week’s range will likely be from 8050 to 8250. Should we be looking for a swing long here?
[12:41] Sreedhar : +1
[12:42] Shai : Not yet Suyash
[12:42] Shai : 7970 F also shows up on weekly charts
[12:42] Shai : that is the SL for the week if long
[12:44] Suyash : I see
[12:50] Tejpreet : Shai views on IDBI for cash buying , lvls to enter for 6 months .
[12:56] Dharamveer : in the first chart the day low is 8040.40 but in 2nd chart the lowest it is showing is 8048 also theris no sign of 8040 in 3rd chart why is it this way
[13:04] Shai : there is no trading vol below 8048, hence
[13:05] Dharamveer : was it the same with the fridays high at 8200
[13:07] Shai : idbi can be a good long here for a multi month TF
[13:07] Shai : last sept lows are around 58 and longs can be trusted here as long as we don’t close this week below 56
[13:08] Shai : 64.2/ 68/ 75.4 3 res levels up
[13:08] Shai : safe if it closes abv 68 this month
[13:09] Tejpreet : Thanks Shai for te detailed analysis.
[13:09] Tejpreet : the
[13:09] Shai : welcome 🙂
[13:11] Shai : Move NF stops up to 8075 F. Momentum now missing completely
[13:13] Hemant : Eluded by 8040 so far 🙂
[13:14] Varun : @Shai should it be a sar?
[13:14] Shai : has to fall quickly here else chances of 8124 by close
[13:15] Varun : @shai We have a nice tail
[13:15] Shai : Yes can SAR abv vwap+ filter . safe abv 8089
[13:15] Varun : @shai Poor low repaired and above it
[13:15] Varun : vej di
[13:15] Kathir : @shai below 8035 8007 possible now?
[13:15] Shai : yes
[13:16] Kathir : OK
[13:18] RK : they are listening :)(13:14) Shai :has to fall quickly here else chances of 8124 by close
[13:18] r m : 🙂
[13:18] Kathir : @RK yeah even I thought 🙂
[13:19] r m : an ear to the omnovia 🙂
[13:19] Shai : 8035 finally
[13:20] Shai : sl is 8056 if staying else book out
[13:20] Sandeep : intraday try for long above 8056
[13:20] Shai : yes can but exit if vwap does not cross
[13:21] RK : dont think buying attempts will take place this time around BRN 8000
[13:22] RK : whenever we get there today or tomrrow
[13:22] RK : Shai not good RR here for BNF short below IBL?
[13:23] r m : @RK, you mean dip buyers will get ditched on that dip? 🙂
[13:23] Shai : RK some 1 is buying the lows in BNF
[13:24] r m : As per Shai’s view on spot, bull market bye-bye below 7920 spot close 🙂
[13:24] RK : RM already some attempts gone in vain..so 8000 not a daring placee to attempt again
[13:24] r m : ok
[13:25] RK : that should save us..I mean flush out of 8000 buyers if any..Shai this week right up will be a light house 🙂
[13:26] Tejpreet : Best would be look in range of 7950 plus minus 20 points with closing sl 7920 spot , do not buy call but sell 7800 put as iv is high.
[13:26] RK : Varun has to still wait now for his poor low 🙂
[13:26] Kathir : @RK 🙂
[13:27] RK : I mean proper low..it keeps making poor low
[13:27] Kathir : @RK but past 10 days somehow he is creating poor lows daily 🙂
[13:27] r m : I am waiting for the day when Varun will mark a low as rich 🙂
[13:27] RK : this entire season he is hooking poor low/highs 🙂
[13:28] r m : yeah, he is making money with both hands, ambidextrous!
[13:29] Shai : we may have a tail here at 8031
[13:30] Shai : not a good one but response is there
[13:30] RK : low conviction move around prev low 7997 certainly lures many to buy dips here..lets see if clear VWAP and PDL in fashion..otherwise, going for longs would be still tricky..lets wait for Shai’s whistle 🙂
[13:30] Vikkas C : is it a good time to buy 8200 call
[13:30] Shai : take it abv vwap and we know for sure
[13:30] Shai : No Vikkas longs abv IBL . conf abv vwap
[13:30] Shai : conservatives wait for vwap to cross
[13:30] Vikkas C : ok thanx shai
[13:30] Chetan : so can look to bookout full at 8050
[13:31] RK : got it Shai
[13:32] RK : Shai so far we have got b profile..chances are there for DD considering only a 2 hrs for close?
[13:33] RK : I mean would that be a valid DD if it happens?
[13:33] r m : b profile is short covering and it is said that short covering makes a market weak, so may be good for a short on rise?
[13:34] Shai : No chances of a DD on today’s profile less
[13:34] Shai : IBL is the ref line still for a normal variation day
[13:35] RK : got it
[13:36] r m : oops, b can’t be short covering laid an egg there!
[13:36] RK : RM b for unwinding of long..isn’t it?
[13:36] r m : yep
[13:37] r m : so there could be “mungeri lal ke hassen sapne” for bulls above vwap? 🙂
[13:37] Ashish : 🙂 Rm
[13:38] Varun : we have a nice *rich low today
[13:38] Varun : if it holds
[13:38] r m : Thanks Varun 🙂
[13:38] Tejpreet : hope it makes us also rich 🙂
[13:38] RK : they are waiting there..but will they have a chance today?..If yes, then the day of trousers 🙂
[13:39] Varun : cross the vwap, enter spike area. hoit 8200
[13:39] RK : Varun I feel they want to give you some better tail and not this one 🙂
[13:39] Shai : Has to stay all day
[13:39] Varun : hit *
[13:40] Shai : For those wanting to go long Buy a 8100 ce with trigger abv 119 and sell 2 lots of 8400 CE when that is executed at mkt
[13:40] Chetan : for intraday
[13:40] Shai : is a positional play 8100 ce can tgt 180/ 227
[13:40] RK : so far trend day plays out well with prices never going above VWAP..though with less conviction
[13:41] r m : yep, a poor trend day 🙂
[13:41] Shai : trigger abv 119 to ensure it is abv IBL
[13:41] Varun : dnt start m period below 8050
[13:41] Varun : 4 mins u have bulls
[13:41] Shai : 1.45
[13:41] Varun : ok 46
[13:41] Varun : 8046
[13:45] Varun : this is how u do it bulls
[13:45] Varun : nw dnt break the lows
[13:45] Varun : else ure in trouble
[13:45] Shai : 🙂
[13:46] Shai : In an open outcry system you would have done great on the floor of the exchange
[13:46] r m : lol
[13:46] Shai : and got instant results also
[13:46] Varun : 😉
[13:46] r m : i am imagining Varun on CME floor in cattle auction 🙂
[13:46] Shai : 🙂
[13:47] RK : so the tail is saved 🙂
[13:47] r m : lol
[13:47] Shai : not safe at all below IBL
[13:47] r m : @RK, hold on lest Varun brands this cattle’s tail as poor 🙂
[13:49] RK : Shai you mean not safe for bulls..right? 🙂
[13:49] RK : RM 🙂
[13:51] Shai : yes
[13:51] Shai : BNF seeing some1 buying the lows
[13:51] Shai : back abv IBL
[13:51] Hemant : 8100 CE at 119 is the trigger to buy it Shai ?
[13:53] Shai : yes
[13:53] Sandeep : or if nf goes above 8056
[13:54] Sandeep : 17425
[13:54] Shai : thanks. will correct
[13:55] Shai : (13:54) Shai :Buy BNF abv 17425 sl of 17370 tgt 17510
[13:56] Shai : Buy is abv vwap+small filter and trip to friday close price
[13:57] Tejpreet : How are the volumes looking …seem to be picking up
[13:59] Shai : yes slightly
[14:00] Shai : looking at a spositional buy in HDFC here with sl below prev swing lows of 1145 tgt 1218
[14:10] Kathir : where is NF vwap now?
[14:12] RK : should be around 8067 Kathir
[14:12] Venkatesan : 8068 above frame
[14:12] r m : 8063 on my charts
[14:12] r m : ok
[14:12] Kathir : ok thanks all
[14:13] Venkatesan : http://www.nse-india.com/live_market/dynaContent/live_watch/get_quote/GetQuoteFO.jsp?underlying=NIFTY&instrument=FUTIDX&expiry=25JUN2015&type=-&strike=-
[14:13] r m : Thanks!
[14:14] Venkatesan : :):)
[14:18] Shai : NF crosses vwap
[14:18] Venkatesan : cool
[14:18] Hemant : Shai, 8100 Ce can target 130+ today ?
[14:18] Venkatesan : shai nifty bottomed out?
[14:19] Venkatesan : for june series
[14:19] Shai : No
[14:19] Venkatesan : thank u
[14:21] Shai : 8100 ce can do 136 abv 118
[14:21] Shai : Book 50% BNF at 17470 revise sl to 17410
[14:23] Vikkas C : SHAI any views on axis bank ?
[14:25] Shai : Axis fairly strng on day
[14:26] Shai : 564 is the immediate objective
[14:26] Vikkas C : and what shud be SL to play this view if u cud help ?
[14:26] Shai : a close abv 565 can bring some short covering and also mean positionaly today lows are secure
[14:26] Shai : 550 is the sl from here into close
[14:27] Vikkas C : ok..thanx
[14:27] Shai : but positional sl is now 542
[14:27] Pawandeep : @ shai nifty buyvwap+filter 8066+7=8073
[14:27] Shai : is a good hold abv 542 and close abv 565 makes it better
[14:28] Shai : Can Pawandeep sl just below IB – look at 8089/ 8107
[14:28] Vikkas C : ok thanx shai
[14:28] Pawandeep : thanks
[14:29] Shai : slightly more buyers in system now
[14:30] Hemant : 8100 CE above 119
[14:30] Shai : hold the other BNF halff fpr 17570 sl of 17450 now
[14:33] Vikkas C : is NF a buy here ..?
[14:35] Shai : No
[14:35] Vikkas C : ok
[14:35] Shai : Book out BNF
[14:36] Varun : so bulls didnt disappoint 😉
[14:36] Shai : NF can rise to 8107 but risk is equal here
[14:36] Shai : if trading long sl is 8049
[14:37] Shai : Varun :). You summoned them
[14:37] Kathir : 🙂
[14:37] RK : now he has spike 🙂
[14:37] Tejpreet : 😉
[14:37] Varun : st the exact bottom 😉
[14:37] Varun : at
[14:39] Vikkas C : is nifty a safe long abv 8101
[14:40] John : Shai,Is the move above 8070 was a stop trigger intra?
[14:43] r m : Bulls lured to the auction by Varun 🙂
[14:44] Hemant : Shai, can go for a strangle here?
[14:44] RK : still equal chance RM..both bulls and bears lured so far 🙂
[14:45] Varun : on a serious note a poor low repair should have had follow up selling
[14:45] Varun : @shai ?
[14:45] Varun : since it was missing, so next would be to search for atail
[14:45] RK : till VAL is taken out bears are safe…clearly they are extending the range downside..
[14:46] Varun : another feather for bears
[14:46] Varun : value wayh below val
[14:46] Varun : way’
[14:46] RK : yes entire day’s auction below VAL
[14:54] Shai : John actually some sellers covered on the move abv IBL
[14:54] Shai : went to near 8089 which was seen in the morning
[14:55] Shai : Hemant I don’t rule out 7970 coming this week
[14:55] Shai : still possible
[14:55] John : ok Shai, thanks for the clarification 🙂
[14:55] Hemant : Shai, what would be 7800 PE target on next pink today?
[14:56] Hemant : Got it Shai, any strategy from the back of your hand ? 🙂
[14:59] Shai : Sell 7900 pe sl of 90 positional and sell 8300 ce sl of 84
[14:59] Hemant : Ty 🙂
[15:00] RK : they are back 🙂
[15:03] RK : thats a good volume in NF..should cross 6 lacs
[15:07] Kathir : @Varun trying to save the tail 🙂
[15:08] Dharamveer : where can it close for the day shai
[15:08] Varun : tsil lost its relevance
[15:08] Varun : tail
[15:09] Varun : the upper tail is like 6 times bigger than the lower one
[15:09] Shai : close should be at lows now
[15:09] Shai : BNF 17525 stopped that auction at vwap bands
[15:10] Shai : OrderFlow in BNF has shown buying at lows- have to confirm with the OI sheet
[15:10] Tejpreet : Any chances of gap up in BN tomorrow.
[15:12] Shai : I would presume BN is getting exhausted after the sell off from last tuesday
[15:12] Shai : can anticpate a bounce which should not cross 17600 spot on closing basis
[15:12] Shai : No can’t see a gap
[15:12] Tejpreet : Got it. Thanks.
[15:14] Soumya : nifty trading below previous week’s low – should be bearish – right shai?
[15:14] Shai : yes Soumya
[15:14] Shai : Not done enough to justify carrying longs
[15:16] Kathir : 15:16 r m: MO -46
[15:23] Shai : NF 8124 selling tail staying at close
[15:23] Shai : is a sl now for all those who are short
[15:24] Shai : down below on ositionals we don’t see the auction ending in any way
[15:24] Shai : positionals*
[15:24] RK : Shai and fresh selling in last candle is highest volume candle.
[15:24] RK : of the day
[15:24] RK : ?
[15:24] Shai : exhaustion can set in and give rises but remains a sell on rise mkt
[15:24] Shai : 3.15?
[15:24] RK : yes Shai..
[15:25] Shai : yes highest after 1st 15 mins
[15:25] RK : got it..thanks
[15:25] Kathir : @RK in that candle delta maximum is -1825.
[15:26] RK : yes Kathir
[15:26] Kathir : complete selling
[15:27] Soumya : lic housing looking weak below 401 with stop of 408- any views shai?
[15:28] Shai : yes weak on this close can tgt 395 this week
[15:28] Kathir : @RK your maruthi gong soth to indian ocean
[15:28] Shai : yes 410 a good sl
[15:28] Kathir : going south
[15:28] Soumya : but rr won’t be favourable
[15:29] Soumya : any chances of lower downside targets?
[15:29] Venkatesan : thank you shai, rm and friends , 7960 on the card shai?
[15:29] Shai : true
[15:29] r m : @Kathir, they are diversifying into ship bulding? 🙂
[15:29] Shai : Yes Venkatesan
[15:29] RK : Closed Kathir..belly is too buldging with shorts..so done intra in it
[15:29] Shai : clean selling below current day low tom for 7969
[15:29] Kathir : fine RK
[15:29] Tejpreet : Bye All.
[15:30] RK : 3750-3732 small trade
[15:30] Shai : bye all
[15:30] Shai : Have a nice evening
[15:30] John : Bye all 🙂
[15:30] Kathir : nice one RK
[15:30] Sreedhar : thanks Shai..
[15:30] RK : bye all
[15:30] Porus : bye all
[15:30] r m : Thanks and bye folks, have a great evening 🙂
[15:30] RK : thanks Kathir
[15:30] Hemant : Tomorrow goes 8000 🙁 Sad phase for Indian market
[15:30] Vikkas C : BYE ALL ..
[15:30] Kathir : Thanks and bye all 🙂 see you on friday 🙂
[15:30] Kris : Bye all 🙂
[15:30] Pawandeep : Good Bye shai, rm and friends
[15:30] Hemant : See you folks tomorrow, Ty Shai 🙂
[15:31] Soumya : Bye friends