OrderFlow charts and Notes 09/04

[08:46]   Porus : GMA ll
[08:49]   r m : Good Morning folks!
[08:49]   r m : Hi Porus
[08:49]   r m : http://vtrender.com/levels-and-plan-for-09th-april/
[08:50]   Porus : Moody’s raises India’s credit rating outlook
[08:50]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-080414/
[08:50]   r m : FIIs had an inkling, they bought heavily yesterday in Index futures
[08:51]   r m : Nifty APR Future levels Key Reference Area 8740 below 8740➜8716➜8697 SL 8769 above 8769➜8804 SL 8724
[08:51]   r m : Banknifty APR Future levels KRA 18540 below 18540➜18470➜18414 SL 18635 above 18650➜18710➜18800 SL 18540
[08:55]   Hemant : GM folks
[08:56]   Porus : RM, do we have FII OI of BNF?
[08:57]   Ashish : Gm all
[09:02]   Sharad : GM all
[09:03]   RK : GM Shai,RM and all
[09:03]   r m : Hi RK
[09:04]   r m : @Porus, it is there in Current Month OI sheet, but it is a guesstimate and not based on nse generated data
[09:04]   Porus : ok
[09:05]   Shai : GM all
[09:05]   Tejpreet : GM All
[09:05]   Ashish : @RM, where is the current month open sheet?? please provide link
[09:06]   r m : CurrentMonthOI in the document folder on right bottom of this screen
[09:06]   Ashish : Thanks Rm
[09:06]   Amit J : gm
[09:07]   r m : welcome
[09:08]   Shai : We would be opening around the hypo estimate of 8804 F
[09:09]   Shai : range at open can be 8787- 8827
[09:09]   r m : (*** Private to RK ) NF Open expected near H4!
[09:09]   Shai : Spot Nifty moving towrads 8796 where we wait to see if there is a reaction
[09:10]   Shai : again as maintained yesterday- risk on new longs is higher but mkt now showing that price is weak yet
[09:10]   Shai : 8733 spot positional support
[09:11]   Shai : VAL at 8740 is weakness according to AMT
[09:12]   Shai : 8740F
[09:12]   Tejpreet : Amit any news on HANGSENG jumping for past 2 days almost 7%
[09:12]   Porus : Shai, what is the bnf opening range estimate?
[09:14]   Shai : BNF will open stronger abv 18540 KRA
[09:14]   Shai : we may have to close the 18000 puts if 18540 is protected in IB
[09:16]   Amit J : short sun pharma
[09:17]   Amit J : due to shanghai
[09:17]   Shai : sellers at open
[09:18]   Shai : 8790 is the seller
[09:18]   Amit J : @tejpreet due to shanghai. shanghai is in final stage of bull mkt. all retail wants to invest. it will crash badly anytime
[09:19]   Tejpreet : Thanks Amit …..retail the same worldwide 🙂
[09:20]   Sharad : everywhere retail is hugelu bullish
[09:22]   Shai : below 8790 NF can drop to 8759/ 8740
[09:23]   Shai : be back in 10 mins here- any stock queries pls hold
[09:24]   Amit J : you study no of new demat accounts getting opened in shanghai.
[09:28]   Ashish : looks lik2 banknifty has buyers since opening
[09:37]   Shai : back
[09:37]   Shai : that 8790 seller is dictating
[09:38]   Shai : 8766 VAH
[09:38]   Shai : 18600 was vah in BNF
[09:39]   Shai : just the diff between the 2 instruments
[09:41]   Shai : one done- (09:22) Shai :below 8790 NF can drop to 8759/ 8740
[09:42]   Shai : val is the other 1
[09:42]   Varun : below poc, shld auction do val to complete it for minimum ?
[09:42]   Varun : @shai
[09:43]   Shai : yes
[09:43]   Varun : bnf ?
[09:43]   Varun : poor low also
[09:43]   Shai : bnf not weak today
[09:44]   Shai : early signs of an excess in NF- day high is 8796 and very imp now in contect of MP
[09:44]   Varun : why bnf nt weak ?
[09:44]   Ashish : What’s the val value @ shai
[09:44]   Shai : Varun in value
[09:44]   Shai : rotational
[09:45]   r m : @Ashish, given in white top left corner box
[09:45]   Amit J : any good stock specific shorts?
[09:45]   Ashish : thanks shai, got it
[09:45]   Shai : context*
[09:45]   Varun : hmm. but it should had open outside val with good news, relative weak. could be a drive outside value on low side
[09:45]   Varun : #hope
[09:45]   Varun : vah*
[09:46]   Shai : you are right- i was just refereing to morning activity
[09:46]   Shai : Cnfirmation for that excess seen in NF is a move below VAL
[09:46]   Shai : remeber we were mentioning trend day y’day
[09:47]   Ashish : @shai, VAl is the KRA also
[09:47]   Shai : Sell NF part near 8762 and part near 8778 sl 8805 tgt 8716
[09:49]   Shai : keep that msg up- don’t cahse here- we will get a bounce
[09:50]   Varun : @shai ur first time below poc we traded
[09:50]   Amit J : but huge buyers at 8740
[09:50]   Varun : as we speak val also goes 😉
[09:51]   Amit J : sun gone 2%
[09:51]   Varun : break the single prints and fa at 8716-shai
[09:51]   Shai : can drop to 8716 also- if short hold
[09:51]   Varun : shai if we break 8716, w can go to 8604 (va) to complete the unfinished auction
[09:51]   Varun : ?
[09:52]   Shai : I see minor supp at 8697
[09:52]   Shai : but that short is below 8697 with sl of 8720
[09:52]   Shai : for 8706
[09:52]   Shai : Open drive confirming
[09:53]   Shai : 8716 / 8697 supp for the bull
[09:53]   Tejpreet : 8700 put booke now at 106
[09:53]   Shai : we can drop to 8706 if we break 8697 F
[09:54]   Shai : 8717.95
[09:54]   Shai : 8716.25 FA
[09:54]   Shai : buyers responsing
[09:55]   Shai : trip to vwap will be good to reshort
[09:55]   Ashish : booked half shorts
[09:55]   Ashish : ok
[09:56]   Varun : responsive selling converting into initiative selling
[09:56]   Varun : very bearsih normally
[09:58]   Shai : place shorts at 8746 and 8758 sl will be 8796 now again
[09:59]   Sharad : 8796 or 8696 Shai ?
[10:00]   Shai : sl at day high for open drive
[10:00]   Shai : tgt is 8697 and we see from there what happens
[10:01]   Varun : @shai on such days u once told we should not re cross vwap
[10:01]   Shai : yes
[10:01]   Varun : will it hold for today aslo ?
[10:02]   Shai : holds for all open drives
[10:02]   Shai : if crossed we may see day high again
[10:02]   Shai : eyes on that 8673 spot support now that we are below 8730
[10:09]   Shai : Keep a sell below 8714 NF tgt 8697/ 8665 sl 8741
[10:09]   Shai : after a long time we are staying below VAL and these responsive buyers can feel the pressure
[10:13]   Shai : BNF up
[10:13]   Amit J : if bnf takes out vah than what should be view
[10:14]   Shai : these are IB moves
[10:15]   Shai : could be index mgmt
[10:15]   Tejpreet : Axis bank looking good …Shai ID targets holding long.
[10:17]   Shai : yes that 566/ 574 cash
[10:17]   Shai : 566.54
[10:18]   Tejpreet : So better to book at 566
[10:18]   Shai : yes
[10:18]   Shai : weak stikl positionally below 574
[10:19]   Shai : but a weekly close abv 567 this week will help longs next week
[10:20]   Shai : 18710 visist in BNF
[10:20]   RK : BNF targets SL above PDH
[10:20]   Shai : don’t add thats econd short in NF
[10:20]   Shai : let this 30 min play run out
[10:20]   Shai : hold sl abv 720
[10:22]   Shai : I’ve seen weird things in the market and am seeing one now 🙂
[10:22]   Shai : BNF – what a joke
[10:22]   RK : 🙂
[10:22]   Shai : 18719.65
[10:23]   RK : exactly it selects a wrong day to decouple from NF 1% up
[10:23]   Shai : 18649 is supp for this volume
[10:23]   Shai : weak only below that now
[10:24]   RK : Shai, positionals may come in above this BNF high?
[10:24]   r m : @Amit, Sunpharma at 1117 support
[10:24]   Amit J : if banknifty moves more it will break to manage nifty
[10:24]   Shai : High risk long n BNF abv 18725 tgt 18765/ 18810 sl 18645
[10:25]   Shai : higher risk in that trade – short covering abv 18720 to come
[10:25]   Shai : may not come also
[10:27]   Shai : meanwhile NF drive is at vwap where as expected sellers are trying to come back
[10:29]   Shai : exit NF shorts abv 8769
[10:33]   Shai : 8769 and 18765 came togther
[10:33]   Shai : NF back in balance
[10:33]   Shai : downside arrested for now
[10:34]   Shai : that risk of going to VAH abv vwap played out in NF
[10:34]   Shai : short squueze in BNF
[10:34]   Shai : this should do 18810
[10:38]   Shai : would mean a Normal day – (10:33) Shai :NF back in balance
[10:39]   Shai : that also means hopes of a trend day are extinct
[10:39]   Amit J : bank nifty tuesday excess is at what level
[10:41]   r m : at 420 on lower side I think
[10:41]   r m : Future
[10:41]   RK : 18404 F
[10:41]   Shai : that 18800 zone has multiple excess
[10:42]   Shai : yesterday minor excess was 18690
[10:42]   Amit J : thanks
[10:42]   Amit J : so this can be a short covering trap before selloff
[10:43]   Shai : BNF could have stopped trending up
[10:43]   Shai : 18690 supp now for that volume which came from 540
[10:44]   Shai : short with sl of 18810 can fetch 18550 again
[10:46]   Ashish : Bnifty got resisted close to current week high (spot levels)
[10:49]   Ashish : @shai, any chance Bnifty can visit VAH or POC today
[11:20]   Shai : one visist to 18650 is due in BNF
[11:20]   Shai : but only if it stays below 18810
[11:20]   Shai : abv 18810 more shorts cover
[11:25]   Ashish : thanks shai for levels
[11:27]   RK : BNF does one inch at a time
[11:34]   Shai : abv 18835 BNF has a quick move to 19048 – abv 200 points
[11:34]   Shai : abt*
[11:38]   RK : But that resistance band 18810-18868 S shai?
[11:40]   Shai : yes
[11:40]   Shai : RK shorts moving out since 18710- hence abv 18810 that can be pssible
[11:41]   Tejpreet : How about buying 18500 put at close to spot 18000
[11:41]   Tejpreet : 18800
[11:41]   Shai : can do tejpreet- but carful of a short covering drive
[11:42]   RK : got it..so, time to look for 500 points positional above 18700spot – may be based on close today
[11:42]   Tejpreet : very tight SL just 20 points.
[11:43]   Shai : What I’m looking at now in BNF is a trend up day based on 30 min HH and HL
[11:43]   Shai : so far price seems to suggest tat shorts are more in danger hence covering would lead to further rise
[11:44]   Shai : last low is around 18710- 18730 and moves in with aout 18700 res level below 18800
[11:44]   Shai : below that we see a pause in uptrend of the day
[11:46]   Shai : yesterday IBH at 18690
[11:47]   Shai : NF abv 8771 can move to 8799 sl of 8751
[11:50]   RK : BPCL retraced to 814 Shai..great
[11:51]   RK : LIC holding well since open and looking for breakout..
[11:51]   RK : Relcap and Tatasteel other few holding well since open without falling back
[11:52]   r m : LIC in the upper portion of single prints of 23rd March
[12:16]   Hemant : Wise to short a call on Nifty now?
[12:19]   Shai : No
[12:19]   Shai : not yet
[12:20]   Shai : may travel to 8796 spot
[12:20]   Hemant : Will wait, thank you
[12:21]   RK : yday and today NS sustained above not going below that 8672 Spot
[12:21]   Shai : yes
[12:21]   RK : 8935 and 8955 scaled
[12:22]   RK : 8735 and 8755
[12:22]   Shai : vol has dipped a lot since that visist to 8716
[12:23]   Hemant : So upswing is sustained? Algo trigged move?
[12:23]   RK : that means all that shorts still stays ?
[12:32]   RK : 12.30 and they are here to trigger Shai’s buy 🙂
[12:33]   r m : 🙂
[12:33]   RK : seems yesterday they took off RM 🙂
[12:34]   Hemant : Time to sell when spot gets closer to 8750?
[12:34]   RK : 8796spot obj is pending Hemant
[12:37]   Hemant : Ty sir 🙂
[12:41]   Shai : stay in that NF long for 8796 abv 8771 sl of 8751
[12:42]   Shai : we are trading abv vwap and should go to day high per that failed drive
[12:42]   Kathir : @shai bnf 18k pe i am still holding..exit ?
[12:42]   Shai : yes Kathir exit
[12:42]   Kathir : ok thanks
[12:42]   Shai : (09:14) Shai :we may have to close the 18000 puts if 18540 is protected in IB
[12:43]   Kathir : ok.now only I logged in..
[12:43]   Shai : again a trigger for a high risk long to 18960 F sl of 18780
[12:45]   r m : @Kathir, keep your eyes on 19500CE if close is above 18800 spot but consult Shai before you buy 🙂
[12:46]   Kathir : sure 🙂
[12:46]   RK : yes that was the plan for that PE..reverse above 18700 spot to recover loss..
[12:47]   RK : or 18810 spot..right RM?
[12:48]   Kathir : @RK i am late so i missed that 100 points already 🙁
[12:48]   r m : yes RK, I thought it was above 18800
[12:48]   RK : Kathir sorry it is 18800 only..just checked the notes
[12:49]   Shai : abv 18840 spot
[12:49]   Amit J : RM what is MO now
[12:49]   RK : 19376/19456 obj
[12:49]   RK : spot
[12:49]   r m : ok RK Thanks
[12:49]   Kathir : @shai previously you mentioned above 18870 spot we may get 500 points
[12:50]   Shai : 18765 F is the proper sl into the close today in BNF – can close at day high
[12:51]   Shai : Yes Kathir same plan – under weekly section
[12:51]   Kathir : ok
[12:51]   r m : @Amit, no respite, still 76 🙂
[12:52]   Kathir : @ is it + 76
[12:53]   r m : yes Sir 🙂
[12:56]   Amit J : second day today. so if mkt rallies than use that for exit.
[12:57]   r m : third day, 65, 75, 76
[12:59]   Ashish : Guys where these levels are posted which have mentioned above
[12:59]   r m : in the blog
[12:59]   r m : http://vtrender.com/levels-and-plan-for-09th-april/
[12:59]   r m : and preceding posts
[13:00]   Ashish : Thanks RM
[13:00]   r m : welcome
[13:01]   RK : for all new members, pls pay more attention to the premarket post from Shai everyday..especially the weekly levels to decide on positioning trades..those are precise all the time..
[13:02]   Shai : if we break abv 8796 today and close abv we can go upto 8882 and 8712 low of today will stay for a while
[13:02]   r m : (*** Private to Ashish ) did you mean MO levels or Shai’s levels, my reply is for Shai’s levels
[13:02]   Shai : 8716*
[13:02]   Shai : BNF could now explode up and join the move up
[13:03]   Shai : lots of PSU banks already moving
[13:03]   RK : to me yday low of 8616 and today’s 8716 looks more secured
[13:05]   Shai : That volume comi g abv 8670 spot is now projecting 8830 spot already and will move t up as long as we stay abv 8673
[13:06]   Shai : for the bear that first seller at 8790 F is the hope
[13:06]   Shai : (09:18) Shai :8790 is the seller
[13:10]   RK : Shai how do you look at IT index..chances of going with BNF above or taking contra move down?
[13:10]   RK : results may be bleak for IT!
[13:12]   r m : infy results on 24th apr, plenty of time for it index to do a few situps before that 🙂
[13:13]   RK : TCS on 16th RM ..they are ahead this time
[13:14]   r m : ok
[13:14]   RK : HCL on 21st
[13:15]   Amit J : shai what is mar poc
[13:15]   Amit J : 8770?
[13:16]   Shai : let me check
[13:16]   RK : 8735 I think
[13:17]   Shai : 8740 🙂
[13:17]   RK : ok
[13:18]   Shai : that is another bullish indicator over there – will open up 9030 / 9110 spot
[13:18]   Shai : if crossed that is over 2 sessions clsoing
[13:18]   Amit J : thanks.
[13:18]   Amit J : its spot?
[13:18]   Shai : MO is the only dampener
[13:18]   Shai : yes
[13:19]   Amit J : in bull mkt MO can remain above for 3-4 days. in bear it cant
[13:19]   Shai : But MO moved too quickly -70 to +70
[13:19]   Shai : gen it is a bigger cycle
[13:20]   r m : yes, bulls were in a hurry this time!
[13:20]   Shai : yesterday Fii’s went big buy – from the looks of it now they got in at lows today also
[13:21]   RK : purchase ahead of results
[13:23]   Shai : RK loading IT chart
[13:24]   RK : pls take your time Shai
[13:25]   r m : so few ticks in CNX IT, that they will be hard to find 🙂
[13:25]   Shai : Ive seen BNF explode in last hour when it moves like this
[13:25]   Shai : +100- 150 easy in last hour
[13:27]   Shai : lol RM
[13:27]   Janak : shai 9000 in nf by monday eve?
[13:27]   Shai : 8877 Janak
[13:28]   r m : Shai, that BN CE to be bought at close only?
[13:28]   Shai : can buy in 2 parts
[13:28]   r m : ok
[13:28]   Shai : here can
[13:28]   Ashish : Shai, any targets for 19000CE, Bnifty
[13:30]   Hemant : Good time to short call right Shai?
[13:31]   Shai : 8799 -book half and can trail at cost bal :(11:47) Shai :NF abv 8771 can move to 8799 sl of 8751
[13:31]   r m : @Ashish, spot targets are 19376/19456 above 18868 spot (refer blog)
[13:31]   Ashish : Thanks Rm
[13:31]   r m : welcome
[13:32]   Shai : 8824 F tgt2
[13:32]   Shai : 18949 – (12:43) Shai :again a trigger for a high risk long to 18960 F sl of 18780
[13:33]   RK : so trend day just starting in NF 🙂
[13:33]   r m : 8804 cometh
[13:33]   RK : hypo done
[13:33]   Janak : 8850 by eod
[13:33]   Janak : tom close around 8950
[13:34]   Shai : banks begiining to rally up . This more possible now – (11:34) Shai :abv 18835 BNF has a quick move to 19048 – abv 200 points
[13:36]   Shai : a dip to 18850 is a proper buy again
[13:38]   RK : and BNS high 18869
[13:38]   r m : 🙂
[13:39]   r m : somebody measures these things with a milimetric precision!
[13:39]   RK : Yeah we all know him 🙂
[13:40]   r m : lol
[13:40]   Tejpreet : Amazing precision …
[13:40]   Kathir : shai’s FII freinds 🙂
[13:40]   Ashish : Shai is the Bhai here
[13:41]   Kathir : 🙂
[13:41]   Shai : http://vtrender.com/monthly-profiles/
[13:44]   Shai : below 8777 exit the reaming longs
[13:44]   Shai : watch 18850 orderflow
[13:44]   Janak : buy 9k ce at 30 here for a tgt of 50 shai by tom?
[13:45]   Kathir : @rm shorted bnf around 18950 based on spot SL coverred 50 points down 🙂
[13:45]   r m : @Shai, fresh longs above 8805 now?
[13:45]   Shai : yes
[13:45]   Shai : 8785 sl
[13:46]   r m : @Kathir, aha! I was wonderig about the source of those reds 🙂
[13:46]   r m : Thanks Shai
[13:46]   Kathir : 🙂 i am not fii or dii sir
[13:47]   Kathir : @RM thats an easy trade power of shai’s spot levels ..Mo support as well
[13:47]   r m : you are just a spotter Sir (trading spot i mean) 🙂
[13:48]   r m : looks like shorts piling up in both
[13:48]   Mandar : Shai, FA at 8804?
[13:49]   Shai : Not yet
[13:49]   Mandar : ok
[13:50]   RK : today’s climax is going to be like a bond movie 🙂
[13:50]   r m : lol
[13:50]   Shai : selling coming in NF
[13:50]   Shai : in BNf also some at 18960
[13:53]   r m : ES is going down too
[13:54]   Tejpreet : RM can you send the link for reading the 15 min foot print charts …need to check out something.
[13:56]   r m : http://vtrender.com/trading-room-charts-explained-3/
[13:57]   Tejpreet : Thanks.
[13:57]   r m : @Amit, Sunpharma broke down below 1117 too
[13:57]   r m : welcome Tejpreet
[13:58]   Amit J : hope it comes to next level
[13:58]   Ashish : What’s the next level for sunpharma @amit
[13:58]   r m : 1074
[13:58]   Ashish : thanks RM
[13:59]   Tejpreet : Pharma butchered today …only Auro standing.
[13:59]   Amit J : 1074 as per shai
[13:59]   r m : welcome
[13:59]   Amit J : auro some news came
[13:59]   Ashish : Rm i believe this is spot level
[13:59]   r m : yes, Shai’s stock levels are all cash, better volume study there
[14:00]   Ashish : Shai, can banknifty be bought now, at 18850 now
[14:00]   r m : NF back to vwap
[14:00]   Amit J : at 2. can be a big trap
[14:00]   Kathir : @RM i missed another 50 🙂
[14:00]   Shai : wait
[14:00]   Shai : don’t buy yet
[14:00]   RK : BNF getting sellers here
[14:00]   Amit J : 2 seelers are always strong
[14:00]   Ashish : ok thanks shai and RM
[14:01]   r m : @Kathir, you may miss a whole lot more 🙂
[14:01]   Tejpreet : 18500 put gives 40 point from 200 to 240
[14:01]   Kathir : looks like
[14:01]   Tejpreet : (13:50) RK :today’s climax is going to be like a bond movie 🙂
[14:02]   Tejpreet : Looks more like fast and furious
[14:02]   Amit J : 2 sellers are generally followed by 2.40 big seller
[14:02]   Tejpreet : 🙂
[14:02]   Shai : more sellers in BNF
[14:02]   Kathir : @tej 19500 ce 64 to 152 morning
[14:03]   Shai : 18750 supp gone
[14:03]   Kathir : @RM i should have asked Shai after taking the short…missed many 🙁
[14:03]   r m : yeah
[14:04]   Tejpreet : Yes Kathir but I was looking to short at 18860 spot …Shai lvls are Laxman Rekha 🙂
[14:04]   r m : you took the tip of the iceberg 🙂
[14:05]   Shai : 18750 just holding
[14:06]   Kathir : @Tej yeah it was there . but didnt trade there for long time
[14:06]   RK : everyday anti climax is too much 🙂
[14:07]   Tejpreet : True…even i could not trade much quantity.
[14:07]   Amit J : VAL gone. now could be a sharp trending down
[14:08]   r m : some support at 8740 KRA and series poc
[14:11]   Amit J : shai can you convert bn chart to delta
[14:13]   Ashish : Please referesh banknifty 1st chart
[14:15]   Kathir : 13:18 Shai : MO is the only dampener
[14:17]   Shai : tgt 18650
[14:21]   Hemant : Tgt on nifty spot sir?
[14:22]   Shai : No change : 8670 supp spot till in line for 8796
[14:22]   Hemant : Thanks again 🙂
[14:23]   Shai : If you are bearish a right approach would be to buy an 8700 pe and sell 2 times 8400 pe to offset
[14:23]   Shai : downside is there but not much
[14:24]   Shai : better shorts are below 8670 spot only
[14:25]   Ashish : Shai, KRa is holding nifty to go down.
[14:26]   Kathir : @shai any intra resi for bnf now ?
[14:28]   Janak : bn for 810?
[14:30]   Shai : 18810 intra res again Kathir
[14:30]   Shai : Yes Jank
[14:31]   Kathir : ok thanks
[14:32]   Shai : at 8804 we don’t have a text bok FA but it did most of the job to qulaify as one
[14:34]   Varun : then should do 8716 @shai for fa to get validated
[14:35]   Shai : yes per textbook
[14:35]   Shai : BNF 18810 back as res now on that downdraft
[14:36]   Varun : so we r stuck between 2 fa’s 8716-8804 to get the trend
[14:36]   Shai : break of 18710 again puts it back for 18510/ 18404 sl of 18820
[14:36]   Shai : a cross and close abv 18810 positive
[14:37]   Shai : was expecting 18850 to hold actually and run up high in the close
[14:37]   Shai : but we dropped to 18690 y’day IBH
[14:38]   Shai : we will aviod tom also 18690- 18850 zone roughly and let it decide
[14:41]   Hussain : good strenght bulls we might close near or above days high!
[14:44]   Shai : hmm
[14:44]   Varun : wht will be mo now @rm
[14:45]   r m : must be about same
[14:45]   Varun : thanks
[14:45]   RK : BNF is a killer today
[14:46]   r m : @Varun +70
[14:47]   Varun : oh its cooled off a bit
[14:47]   r m : I have a suspicion that BNFs life time mission is to eliminate stops from the system 🙂
[14:48]   Kathir : 🙂
[14:48]   RK : today its allover hitting stops RM
[14:48]   Varun : thn an excellent stuff for failed auction
[14:48]   Varun : fa’s are all stop loss gone
[14:49]   Shai : BNF will close now day high
[14:49]   Shai : 18960 plus
[14:49]   Shai : looking at 19076 tom
[14:50]   r m : BNF traders need not waste their money on a roller coaster ride 🙂
[14:52]   r m : @RK, tatasteel is doing as well as a bank!
[14:52]   Shai : bloody roller coaster
[14:52]   RK : RM booked at 940 yday itself 🙂
[14:53]   RK : today it never came down in all this crazy moves
[14:53]   r m : ok
[14:54]   Shai : chart in BN is not keeping up with price
[14:54]   RK : 🙂
[14:54]   Shai : that’s another 300 point swing from 690
[14:55]   RK : me trapped in that IBH 690 short
[14:55]   RK : my trigger was low in that fall 🙂
[14:55]   RK : Axis goneeeee
[14:56]   Kathir : @rk you went short below IB high right?
[14:56]   RK : Yes Kathir 690 short and SAR at 840
[14:57]   r m : @Kathir, today Yesbank is lagging behind BNF
[14:57]   Shai : axis ? 575
[14:57]   Varun : @shai ur blog for monthly on spot prices
[14:57]   Varun : whts the duration of one tpo
[14:58]   Kathir : @rm yeah. all other banks pushing up
[14:59]   Shai : one day candles Varun
[14:59]   Varun : its on spot
[14:59]   Shai : yes
[14:59]   Varun : so r we approaching lvn on daily
[14:59]   Varun : nifty
[15:00]   Hussain : yesterday n today composite profile making perfect bell profile
[15:01]   Shai : BNF a break out of the 2 day inside bars- test also done
[15:01]   RK : if it closes at these levels that should be strong one
[15:02]   Shai : RK trigger for BN sometimes on positional needs to go abv 25 points to avoid whipsaws
[15:02]   Shai : like 700 F was trigger for short below
[15:02]   RK : 35-40 points am considering Shai
[15:02]   Shai : ok
[15:02]   RK : even half the target we get from obj thats fine
[15:03]   RK : Axis shortly lived above 574 spot anc came down
[15:07]   Shai : Nice 1 – (14:41) Hussain :good strenght bulls we might close near or above days high!
[15:08]   r m : @Shai, BNS is near that 18840 close, add CE or add tomorrow?
[15:10]   Hussain : thanks shai
[15:11]   Shai : RM can add tom
[15:12]   Shai : 1 dip may still come tom and then close at highs again
[15:12]   r m : Thanks!
[15:12]   r m : ok
[15:17]   Janak : gap up tom?
[15:17]   Janak : or sell at open
[15:18]   Shai : Not in a position to say anything now 🙂
[15:19]   Shai : Let it get over and then will check the vols again
[15:19]   Tejpreet : A further move to 8912 on a closing above 8790 is what the charts tell us
[15:19]   Shai : spot at 8785
[15:19]   Shai : may just close under
[15:19]   RK : avg will make it down
[15:19]   Janak : i think bn will do a 200 pts down move as usual
[15:20]   RK : from 8790
[15:20]   Shai : May Janak but dips will be bought now in BNF
[15:20]   Shai : Just like today
[15:20]   Shai : shorts are wanting to move out and are stuck
[15:24]   Shai : BNF may just jump to 19076 at open
[15:24]   Shai : if holding from 18900 stay but don’t buy here
[15:25]   Janak : can buy 18kpe?
[15:26]   Shai : not here
[15:26]   Shai : one more visist required to 18860 but think it will come from up at 19070 F
[15:30]   r m : Thanks and bye folks, have a nice evening 🙂
[15:30]   Tejpreet : Bye All
[15:30]   Shai : 8807 close
[15:30]   Amit J : bye
[15:30]   Shai : Bye all
[15:30]   Ashish : bye all…cheers
[15:30]   Shai : Have a nice evening
[15:30]   Kathir : Thanks and bye all 🙂
[15:30]   RK : thanks and bye all
[15:30]   Keshav : good day
[15:31]   Hemant : Thank you for the great treads thanks!
[15:33]   Hemant : trades*
[15:38]   Hussain : thanks bye all