General Chat Transcript
Date and Time: February 09, 2015 09:00:08
[08:47] r m : Good Morning folks!
[08:48] r m : http://vtrender.com/levels-and-plan-for-9th-feb/
[08:48] r m : http://vtrender.com/premium/orderflow-charts-and-notes-060215/
[08:48] r m : http://vtrender.com/premium/read-the-footprint/
[08:48] r m : NF Key Reference Area 8718 Hypo1 below 8685➜8630➜8565 SL 8715 Hypo2 above 8718➜8753➜8825 SL 8695 FEB Future levels
[08:48] Porus : GM all
[08:48] r m : BNF KRA 18820 Hypo1 above 18880➜18944➜19060 SL 18820 Hypo2 below 18820➜18584➜18424 SL 18944 FEB Future levels
[08:56] r m : GDP(YoY) data at 17:30, Previous 5.3%, Forecast 5.5% (investing.com)
[08:57] r m : Results today – Navneet Education, L&T, JK Tyres,Bank of India, Mangalam Cement
[08:57] r m : Results tomorrow – JP Associates
[08:58] RK : Gm RM and friends
[09:00] Sharad : GM all
[09:00] r m : Hi RK
[09:04] Shai : GM all
[09:06] Shai : overnight news : PSU BANK GOVT CAPITAL INFUSION OF INR 69.9 BN IN 9 BANKS – SBI INR 29.7 Bn, BOB INR 12.6 Bn, PNB INR 8.7 Bn, CBK INR 5.7 Bn. “Others include Syndicate Bank, Allahabad Bank, Indian Bank, Dena Bank and Andhra Ban
[09:09] r m : Pre-market suggests NF Open near 8630 (Hypo1 target1)
[09:10] r m : But Capital infusion in PSBs may induce buying in banks
[09:10] Tejpreet : GM all.
[09:15] r m : Only more efficient PS Banks will be rewarded with extra capital this year
[09:15] Shai : open away from range and value
[09:18] Shai : closely watching 18576 spot
[09:18] Shai : from blog – A move below 18575 spot should set up an easy 350 point trade to 18210 spot.
[09:19] Shai : that’s a weekly view requires 30 mins
[09:20] Shai : 8639 F cross would be a sign that buyers are interested in moving it up
[09:20] Shai : else down to 8565
[09:23] Shai : 8625 has a big buyer
[09:23] Shai : roughly 100000 qty
[09:23] Shai : on the blue line now first 5 min
[09:24] RK : no sellers at lows
[09:24] Shai : no just the weight of the gap down
[09:25] Shai : even BNF 18650 F
[09:25] Sumit : GM everyone
[09:26] Shai : GM Sumit- welcome back !
[09:26] Sumit : returning after about 3 months
[09:26] Sumit : thanks Shai
[09:26] r m : Hi Sumit, Happy New Year 🙂
[09:27] Sumit : Happy New Year 😉
[09:27] Sumit : what happened to my green pink? 🙂
[09:28] r m : must be high up in the sky, xtreme gap 🙂
[09:28] Sumit : so its still there…. very odd looking charts
[09:29] r m : 5 minute footprint charts, Shai has loaded a video
[09:29] Sumit : any llink
[09:29] r m : http://vtrender.com/premium/read-the-footprint/
[09:29] Sumit : thanks
[09:29] r m : link in annoucement as well
[09:30] r m : *announcement
[09:33] r m : @Sumit, Pink has arrived to welcome you!
[09:34] r m : @Shai, can NF be shorted below day’s low for 8565?
[09:34] Shai : yes NF will be a worry below 8640
[09:34] r m : Thanks
[09:34] Shai : but short trades are higher risk
[09:34] Sumit : yes. thank you. I think settings are still the same
[09:35] r m : ok
[09:36] Sumit : test
[09:37] Shai : another buy at the lows
[09:38] Shai : but without the green there is trouble for these guys
[09:38] Amit J : shai any view on gmr infra
[09:39] Sumit : whats is the current NF price on screen?
[09:40] Shai : gmr tricky at 17.3
[09:40] Shai : big supp
[09:40] r m : 8626
[09:40] Shai : if it does not hold can drp to 15.9
[09:40] r m : @Sumit, the moving black text in white box
[09:40] Shai : safe abv 187.7 will give 20.3
[09:40] Shai : 18.7
[09:41] Rav : SBI inching up to save bn
[09:41] Rav : axis too
[09:42] Sumit : ok. delayed system response 🙁
[09:42] r m : ok
[09:43] Shai : more of an OAOR type open
[09:43] Sumit : and 8621 and 8631 are Shai rekha?
[09:43] Shai : 8610- 8639 emerging ref lines
[09:43] Shai : yes Sumit, those should develop as they are weekly in nature
[09:44] Sumit : ok thanks
[09:44] Shai : are rest every Mon morning open
[09:44] Shai : reset*
[10:02] Rahul G : shai lot os buyers at the low now
[10:03] Sharad : lot of buyers in NF but price not confirming so may be shorts are covering
[10:03] Shai : local sellers still on day
[10:04] Shai : buyers could be bigger time frame also
[10:04] Sharad : ya true accumulating
[10:05] Rahul G : shai there was an annomility noted in your premarket views does that looks like it is solved
[10:05] Shai : weak below 8610 on intra
[10:05] Shai : No rahul that is above
[10:05] Sharad : so now 8565 target Shai ?
[10:05] Amit J : FA tested
[10:06] Shai : yes 19/01
[10:06] Rav : SBU in NF BNF
[10:07] Shai : spot was at 8530
[10:08] Amit J : so should we wait for testing of spot of buy here
[10:09] Shai : view below 8627 was a drop of 200 points with support of 8530 spot
[10:10] Shai : If 8623 spot breaks the Nifty opens a potential 200 point downside to 8423 – 8450 with only a support of 8530 FA point in between.
[10:10] Sharad : good shai if we go to 8427 around
[10:10] Amit J : thanks
[10:11] Shai : yes but mentioned that it was a higher risk short trade with MO of -55
[10:11] Shai : any point the market can spike up 100 points with that MO reading
[10:12] Shai : let’s see what the first green of the day does now
[10:12] Sharad : is it possible whoever comes in Delhi.. after results we bounce that 100 points
[10:12] Sharad : pink only
[10:12] r m : at current adv/dec the MO is at -70
[10:13] Sharad : ohhh RM so bounce near only
[10:13] Varun : rm once mo reached 90 levels too, few months back ?
[10:13] r m : yes
[10:14] r m : it has even gone to +-120 levels
[10:14] Shai : Sharad – GDP , resuts, cpi and IIP this week
[10:14] Varun : really
[10:14] Varun : but above 80 doesnt it become too overbought/sold
[10:14] Sharad : so no aggressive shorts Shai ?
[10:14] Shai : short with hedge
[10:14] Shai : No proof of longs yet
[10:15] r m : @Varun, yes but market does what it wants to do 🙂
[10:15] Varun : hmmm
[10:15] Sharad : i am having 8500 puts so what should i do ?
[10:15] Shai : trail
[10:15] Sharad : remember RM i asked you put price of 8400 ?
[10:15] Sharad : ok Shai
[10:16] Sharad : last week when we were at 8900
[10:16] Sharad : i am still expecting 8400 by end week’
[10:16] Sumit : how to read these buy/sell delta next to cadles… too many numbers
[10:16] Sumit : *candles
[10:17] Sumit : these numbers are extening beyond candles, is that candle shadow
[10:18] Sharad : 3/2/15 … (10:50) r m:Sharad, 8000 put 41 bucks in 7 days at 8400 by Tuesday 102/15(10:54) r m: 8100PE at 63 and 8500PE at 209 in 7 days at 8400 NF(10:57) r m:8500 – 209 in 7 days
[10:21] Sharad : stuck
[10:23] Shai : ?
[10:23] Shai : Nice Trade Sharaad
[10:23] Sharad : now moving but slow
[10:24] Sharad : Thanks Shai almost 100% gain but still holding .. can you give trail stop for 8500 puts
[10:25] Amit J : shai 450 pts correction from high
[10:26] Sharad : green in NF
[10:26] Sharad : both green
[10:26] Shai : I can give today in F 8640F
[10:27] Sharad : ok fine will keep in future
[10:27] r m : @Varun, here is historical MO from -155 to +180! http://screencast.com/t/fLAyjM3t
[10:27] Sharad : way back in 2008 Great RM
[10:28] r m : yes, plus 180 was in that climb back after the great depression of 2008-09 😀
[10:31] Sharad : 8700 CE writing 9 lacs
[10:35] Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/b6b90d89-0915-4432-b294-d6681e258836
[10:37] Rav : 8300 and 8500pe writing too happening. Sell Future Sell Put adopted by one section and Buy futures and sell ce adopted by another section for hedging
[10:39] Sharad : wow great info Ravi..
[10:39] Rav : 8500-8700 pull back and protective zone
[10:42] Sharad : ok
[10:44] r m : Thanks Rav
[10:50] Rav : Here PE writers and Short covering going on
[10:50] Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/a6860ca5-6de5-40a1-8c49-3717fa4f3b51
[10:50] Rav : pe writing
[10:51] Shai : auction stuck at vwap
[10:51] Shai : those buyers at lows are in troble if vwap not crossed
[10:52] Amit J : shai any view on cipla for short
[10:53] RK : Many buyers Shai since morning..all are based on 8624 S I think and with stop of 8525 S..
[10:55] Rav : 18500 both pe ce sc happening?!
[10:55] Shai : cipla strngth only abv 651. With that as sl can se 633- 636
[10:57] Varun : thanks @rm, stunning
[10:57] r m : welcome
[10:57] r m : both those stances were extremes with global markets in turmoil
[10:58] Varun : it could be then established that greater it goes above 60, bigger the fall will be
[10:58] Sumit : what is 8590 line and purple line at 8601 (with red)
[10:59] Varun : or vice versa in bear market
[10:59] Varun : whts the level of “of blue-red” @shai
[10:59] r m : 8590 is dval
[11:00] Sumit : thanks rm
[11:00] r m : that purple line is POC of that particular 5 minute bar (at least looks like that to me) 🙂
[11:01] Sumit : difficult to see last candle forming… is is one near 7700×12450
[11:02] Sumit : in NF
[11:31] r m : vwap conquered
[11:35] Kris : GM All 🙂
[11:36] r m : Hi Kris 🙂
[11:36] Sumit : gm Kris
[11:37] Kris : Gm RM, Sumit 🙂
[11:37] Kris : @Rm – so MO at -70 today?
[11:37] r m : at that time’s adv/dec when msg was posted 🙂
[11:37] Kris : it can mean only one thing – do we close at lows today or tomorrow? 🙂
[11:38] r m : 🙂
[11:41] Shai : Varun the bigger OF is somewhere near 8800 and 19100
[11:42] Shai : won’tbe able to see them now
[11:42] Varun : kris can u come again with the low close theory, whts the study in past
[11:43] Shai : yes the purple within the 5 min bar is the highest volume of that bar of POC
[11:43] Varun : @shai can u run it somewhere like above or low or any indiacator so tht we know about it
[11:44] Kris : @Varun – MO at -70 means, a rally is on cards, buy my experience is – it gives one big shakeup as well – probably 60-80 points very quickly.
[11:44] Sumit : thanks Shai
[11:44] Varun : thanks kris
[11:44] Varun : thanks shai for the of update
[11:44] Kris : I have not noticed that so far – so becos of event tomorrow, we might close at lows today – and unexpected rally tomorrow.
[11:44] r m : @Kris, we have GDP data release today and Delhi results tomorrow, i think exit polls are already in the price so election results may be a non-event
[11:44] Varun : would be great if we could visualise it like any indiactor
[11:44] Shai : rising POC even of the 5 min bar will show trend up
[11:45] Kris : If we do not close at lows, today, I would be worried for longs – seriously – there might be much bigger fall tomorrow.
[11:45] Shai : Varun it has end of day ref – will post it with charts at close
[11:46] Sharad : shai why this purple line in last bar only and not other past bars
[11:46] Varun : we opened outside value @kris on news and dalton says if gap not filled within one hour, expect a trend day
[11:46] Varun : looking for an ib break on down side for trending anytime now
[11:47] Varun : @shai in the blog you mean ?
[11:47] Varun : would be gr8
[11:48] Varun : @shai in profile chart there is no tail in fgh at lows
[11:48] Varun : will this be a sort of a poor low, which needs to break
[11:50] Shai : yes Varun
[11:51] Shai : will be visisted
[11:52] Shai : sell below 18640 for 18590 sl of 18685
[12:03] RK : for the believers of candlesticks 🙂 http://screencast.com/t/KjnEUe5M
[12:05] Amit J : cipla below 633, whats the level below
[12:08] Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/55aa065d-3c6f-4832-a5e1-576511132460
[12:09] Rav : Shai. Can we have OF like this image?
[12:12] Shai : it’s the same info
[12:12] Shai : he’s looking at traded contracts
[12:13] Shai : maybe in a pnf chart
[12:14] Shai : here is that expected revisist of the poor lows in NF
[12:14] Varun : 🙂
[12:15] Varun : outside dva#shoot
[12:15] Shai : let it break IBL
[12:40] Sharad : 8000 CE LU 1.35 lacs
[12:50] Rav : 7900-8400 LU-Will push nifty up
[12:51] Rav : temporarily
[12:59] Shai : BNF at vwap band
[12:59] Shai : also IBH
[12:59] Shai : watch that 6900 on left at top in red to see if increasing or decreasing
[12:59] Shai : 6975 now
[13:01] Varun : if they rise , more otf sekllers coming in ?
[13:02] RK : If we get pink here, we can short for VWAP
[13:06] Shai : yes Varun
[13:07] Shai : I don’t pay much attention to the movemnet of the number except at IBH or IBL or vah or val
[13:07] Shai : can telll you if buyers are intersted in coming more or sellers
[13:08] Shai : like at 18740 I was waiting to see if we break abv IBH and saw that 6975 rise from 1500 to 6975
[13:08] Shai : so you can time your entry
[13:08] RK : and when vwap band you get around at IBH is more convincing
[13:08] Shai : true RK
[13:09] Shai : a fast finger guy would have sold 735 an covered 690/ 700
[13:10] Varun : shai wiht such short profit trades lies the stoploss problem
[13:10] Varun : how to correct those
[13:10] Shai : sl was IBH
[13:10] Shai : but yes idea was scalp
[13:11] Shai : long trdae nw is to buy abv IBH for gap fill
[13:11] Shai : My objective was to see if buyers were coming on that attempt or not
[13:11] Varun : good learn, thanks @shai
[13:12] Shai : abv dvah the bnf will still attempt higher
[13:13] Rav : what is dvah here shai
[13:13] Varun : #myobesravtion if gaps dont fill in first hour and we dont even come close to pvah/l, late afternoon a big move comes in the direction of the open
[13:14] Varun : lets see
[13:14] Varun : market has its own mood
[13:16] r m : @Rav, 18711 is dva
[13:16] r m : dvah
[13:17] Sharad : Shai like in BNF there is no POC purple line in each candle ?
[13:17] r m : 8616 in NF
[13:17] r m : @Sharad, I think it is blue in NF
[13:18] Sharad : ohh ok thanks RM
[13:18] Rav : 8611 is poc
[13:18] r m : on some bars it is purple, in others it is blue 🙂
[13:18] Sharad : 8611 is DPOC of entire day
[13:19] Rav : uniform color coding is must
[13:21] Shai : it’s the same color
[13:22] RK : BNF that 28525 is the biggest seller of the day?
[13:23] Shai : yes
[13:23] Shai : attmpt being made to push him out
[13:23] RK : Yes
[13:23] Shai : 12.45 buyers trying to control
[13:24] Shai : no case for a short till it is green up
[13:28] RK : Sellers trying their stance and we may get pink now
[13:29] Varun : below dpoc we mite go to other extreme of ib bnf
[13:30] RK : pink
[13:30] RK : its a tug zone 🙂
[13:31] r m : NF got big buyer but at the wrong place – top f the bar
[13:31] RK : BNF got big seller at top..who will give up RM ? 🙂
[13:32] Varun : nice catch @rm rite at the boundary
[13:32] r m : @RK, buyer at bottom and seller at top should be more important
[13:33] Varun : buyer at top is trap, will vomit below vwap
[13:33] RK : Yes RM..
[13:33] r m : 🙂
[13:34] RK : HCL again breaking day high
[13:34] Rav : 18500pe buying is heavy. BN must touch that
[13:39] Varun : bnf after going above ib high, breaks dpoc
[13:39] RK : Vawap band +IBH worked
[13:39] RK : It normally whips Varun at IB extremes on the trend day..better to keep around 30 points buffer there
[13:40] Varun : comes in fa setup
[13:40] Varun : unable to sustain above ib high for 30 min
[13:40] Varun : 🙂
[13:40] Varun : if its fa should ouch ib low
[13:40] Varun : touch
[13:46] RK : below VWAP two good sell volumes
[13:47] Varun : seems the 30375 gave up at 26075
[13:48] Kris : when vwap band and ib high are at around same place, almost impossible to penetrate – #oldjunglesaying 🙂
[13:48] Kris : 150 points done! 🙂
[13:49] r m : Phantom who walks 🙂
[13:50] Kris : if anyone is short in BN, better to book part here, rest tsl at vwap+10!
[13:50] Kris : not a bad trade!
[13:51] Kris : if things work – why not a 2IB ? 🙂
[13:51] Varun : fa in bnf
[13:51] Varun : perfect ib low touched
[13:51] Rav : t is 18316
[13:52] Rav : 13:34 Rav : 18500pe buying is heavy. BN must touch that
[13:52] Varun : 13:13 Varun : #myobesravtion if gaps dont fill in first hour and we dont even come close to pvah/l, late afternoon a big move comes in the direction of the open
[13:53] RK : Rm, time to check for 2IB and 3IB for BNF 🙂
[13:55] r m : 🙂
[13:55] r m : 174 range
[13:55] RK : Shai blowing whistle at IBH was a great..louder whistle that one :))
[13:56] r m : 2IB is 18402
[13:56] Sharad : wow … what is 2IB
[13:56] RK : Thanks RM
[13:56] Sharad : thanks RM
[13:56] Sharad : will surely reach there
[13:56] r m : Whistle blower award goes to … Shai 🙂
[13:56] Kris : @Rm – if we do reach 18400-440, probably time to buy BN BTST 🙂
[13:56] RK : always..:)
[13:57] r m : @Kris, OK man, but I don’t have life insurance 😀
[13:57] Sharad : SHAI USDINR there we go 62.42…..
[13:57] Kris : @Rm – Who else can be better whistle blower than Shai? 🙂
[13:57] r m : yeah!
[13:58] r m : green prints at bottom in BNF
[13:58] r m : miserly greens in NF too!
[14:00] Sharad : Shai what is next resistance in INR ?
[14:00] Sharad : or straight to 63.70 …
[14:01] Shai : 62.70
[14:01] Sharad : ok fine Thanks..
[14:06] RK : Shai Asian paints good buy here?
[14:11] Rav : axis came from -1% and increaed bnf and now becoming -0.3% to push bn down.Rest are all -2%
[14:15] Shai : RK just trying to get intra day data on asian
[14:16] Shai : sellers covered at IBL in BNF
[14:16] RK : no issues Shai..pls take your own time..its for swing only
[14:16] Shai : look to see if we get new sellers at the top of the bar in BNF for further downmove
[14:20] Shai : Not getting today’s data on asianpaint but 786 is a supp on the daily which can push it to 837
[14:20] RK : fine..thanks
[14:26] Shai : Difficult to call this a neutral day in BNF
[14:27] Shai : but seller at the top as you all noticed was very strong
[14:27] Shai : so could close at lows
[14:27] Rav : 18460 spot
[14:29] Rahul G : guys any idea if the BOI results are out
[14:30] Varun : @shai strong green at lows in nf
[14:30] Varun : any significance
[14:31] Varun : but no continuation
[14:31] Varun : yet
[14:32] Shai : pink overhead is stronger
[14:33] RK : Yes..after breaking VWAP, it didnt visit back..
[14:33] Shai : the greens will keep coming as we are near imp levels but they can induce a bigger fall as price structure is not in their favor
[14:33] Varun : ok gr8
[14:34] Shai : that drop below 18585 spot is now on
[14:34] Shai : gt to go to 18200
[14:36] Amit J : RM what is mo now
[14:36] Shai : -70 maybe
[14:36] Amit J : 400:1070. could be even lower
[14:37] RK : Sellers keep both index in pressure through out the day except for that small bounce
[14:37] r m : 400:1007 on yahoo, -65 as per that
[14:39] Amit J : thanks
[14:39] r m : welcome
[14:39] Rav : not much ( nil) calls below 18400!!!!!!!
[14:40] RK : Rav maybe all are treating this as a correction from top and expecting a bounce before budget..
[14:40] r m : could be
[14:40] RK : don’t want to bet at lows till date..
[14:40] RK : but things can change after today’s and tmw’s close 🙂
[14:42] Kris : (13:51) Kris :if things work – why not a 2IB ? 🙂
[14:42] Kris : another 40 min – and 100 points! 🙂
[14:42] Kris : ib low can be a good tsl for shorts
[14:44] r m : (14:34) Shai :that drop below 18585 spot is now on(14:34) Shai :gt to go to 18200
[14:45] r m : @Kris, never thought you will let go that opportunity 🙂
[14:45] Rav : booked at 18510
[14:46] RK : Rav Axis 🙂
[14:47] Shai : 18500 showing buyers
[14:47] r m : NF also seeing green shoots all over
[14:47] Kris : any one for gap up tomorrow?
[14:48] Rav : morning took and exited at 0.7% profit
[14:48] Sharad : No one .. some more fall early morning before results for sure
[14:49] Rav : 8700-8900ce SC happening and PE buildup is seen around 8300-8500 strongly
[14:50] Kris : @Sharad – majority side is very risky – atleast in trading 🙂
[14:51] Shai : the positional buyer is safe only if 8645 spot and 18740 BN is crossed
[14:52] Shai : till then risk of downsides in the month remains
[14:54] Sharad : true kris..
[14:56] Rav : booked put 13:34 Rav : 18500pe buying is heavy. BN must touch that
[14:57] r m : Congrats Rav!
[14:57] RK : LT cracks
[14:57] Sharad : Shai 8645 , 18740 cash ?
[14:57] Sharad : Congrats Ravi…
[14:58] Sharad : one more great trade by ravi
[14:59] RK : Superb Rav 🙂
[14:59] Shai : yes cash
[14:59] Sharad : ok Shai
[14:59] Rav : below 18400 no ce buyers and above 18500 ce writers are shortcovering out of fear. Must be carefull in long and short in bnf
[15:00] Rav : anything may happen with huge gapup or down if put writers start covering
[15:02] Rav : 8800-9000ce buying on in nifty
[15:02] Sharad : good info Ravi
[15:02] Kris : Thanks Ravi!
[15:04] r m : @Kris, closing at lows (so far) as desired by you!
[15:04] Kris : Bought a few 8800CE at 54!
[15:04] r m : ok
[15:04] Kris : to carry forward!
[15:05] r m : 8565 cometh
[15:06] Shai : 18200 spot is low of Jan
[15:07] Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/ec85c235-ce11-46c3-94d8-27e7eccae3a4
[15:07] Rav : nifty option buying
[15:09] Rav : bought 8800ce@50
[15:09] Amit J : shai FA gone
[15:10] Shai : yes but may close abv 8530
[15:14] Shai : LT cracked on results
[15:14] Shai : SBIN left to deliver poor results also
[15:15] Shai : the market is definitely worried about the string of poor results coming in
[15:22] Shai : at 8530 the market is poised for a 100 point run up either way
[15:24] Shai : MO would say a bounce is due tom
[15:24] Rav : wipro 652 heavy volume
[15:24] Rav : 656.50
[15:24] Rav : t
[15:25] r m : MO at -70 at 333/1080 adv/dec
[15:26] Shai : yes plus 8 straight days down
[15:29] Shai : 18555 and 8582 F are min numbers to cross tomorrow if gone long here
[15:30] Kris : (13:56) Kris :@Rm – if we do reach 18400-440, probably time to buy BN BTST 🙂
[15:30] Kris : Have nice day every one- I am biased to long tomorrow!
[15:30] Shai : Right Kris
[15:30] Shai : ver to MO 🙂
[15:30] Shai : Bye all
[15:31] Shai : Have a nice evening
[15:31] r m : Thanks and bye folks, have a great evening 🙂
[15:31] Sharad : Bye all
[15:31] Tejpreet : Bye All.
[15:31] RK : thanks bye all
[15:31] Porus : bye all