General Chat Transcript
Date and Time: March 11, 2015 09:24:54
[08:55] r m : Good Morning folks!
[08:55] r m : http://vtrender.com/levels-and-plan-for-11th-march/
[08:55] r m : http://vtrender.com/premium/orderflow-charts-and-notes-1003/
[08:55] r m : http://vtrender.com/volume-at-price-1003/
[08:55] Kathir : GM RM SIR 🙂
[08:56] r m : Hi Kathir Sir 🙂
[08:57] r m : Nifty MAR Future levels KRA 8712 Hypo1 below 8712➜8675-72➜8616 SL 8745 Hypo2 above 8778➜8815➜8860 SL 8743
[08:57] r m : Banknifty MAR Future levels KRA 19122 Hypo2 below 19122➜19001➜18904➜18778 SL 19240 Hypo1 above 19240➜19372➜19482 SL 19126
[08:59] Porus : GM all
[09:00] Shai : GM all
[09:01] Sharad : GM all
[09:04] Kathir : GM Shai
[09:06] Sachith : GM all
[09:07] RK : GM Shai,RM and friends..
[09:08] Kathir : Hi RK Sharad
[09:08] r m : Hi RK 🙂
[09:08] Sharad : Hi kathir
[09:09] RK : Hi Kathir 🙂
[09:12] r m : SGX Nifty down and NSE Nifty up!
[09:14] Kris : Good Morning All 🙂
[09:15] Kathir : gm kris
[09:15] r m : Hi Kris 🙂
[09:16] Kris : GM Kathir, RM 🙂
[09:18] Shai : 19240 red level in BNF
[09:18] Shai : 8775 in NF
[09:19] Shai : oe visit to the lows is pending of yesterday as long as these levels hold for bears
[09:19] Shai : one*
[09:19] Tejpreet : GM all.
[09:24] Kathir : @shai go long in bnf hypo levels?
[09:25] Amit J : rav your comment on century in option. getting big buy call
[09:29] Amit J : buy wockardth intraday
[09:30] Shai : Yes Kathir
[09:30] Shai : BNF now looks good abv 19220
[09:30] Kathir : ok
[09:34] Rav : above 560 sc .support at 551
[09:34] Amit J : thanks
[09:39] Shai : Keep sl at 19175 for long BNF trdae
[09:40] RK : premium 54 yday and 35 nowNF
[09:44] Rav : Shai…. Great…This is what I wanted in right side of Chart
[09:49] Shai : 🙂
[09:50] Shai : Yes that prmium moved a lot yesterday
[09:50] Shai : yesterday buyers still keeping it up : NF needs to rise abv 8776 and 19240 to confirm
[09:50] Shai : intra day
[09:51] Shai : For the poistionals it is still the broken 8754 abd 19204 closing basis
[10:03] Rav : wipro…667
[10:03] Kathir : yes rav 🙂
[10:04] Kathir : @rav will it touch 688 today posible?
[10:04] Amit J : superb strength in century. i am all out long
[10:06] Rav : 672 688 T1 T2
[10:06] Shai : 567 obj
[10:06] Shai : abv that dash to 586 within the week
[10:06] Kathir : @rav ok thanks
[10:06] Rav : Hold on till expiry as yours is ce
[10:07] Kathir : ok
[10:09] Shai : NF wanting to cut loose
[10:10] Kathir : @amit century firing
[10:10] Tejpreet : Thanks Amit Century booked now ..great call
[10:12] Amit J : dont book
[10:12] Shai : vol spike 585 easy
[10:12] Shai : cash
[10:13] Tejpreet : Amit I am pure ID player 15 points 3 lot is good enough for me.
[10:13] Amit J : convert profit into calls
[10:16] Rav : cent still sc .T is set at 580 600
[10:17] Shai : NF can do 8804
[10:17] Rav : apple watch 17000 usd rocks nasdaq. IT rocks here
[10:17] Shai : sl of 8762
[10:18] Shai : buy abv IBH is better or abv 8782
[10:18] Rav : wipro 673
[10:18] Kathir : 🙂
[10:18] Tejpreet : Rav read somewhere that watch is gonna be a big time failure.
[10:20] Rav : swiz watch companies are under threat.apple wlays have brick,bending,failure rumous before launch
[10:22] Tejpreet : true …let us wait n watch 🙂
[10:23] RK : Shai Tatasteel slowly came down and showing no signs of recovery..I think its trading at year low..any sign form volumes?
[10:25] Amit J : manmohan summons
[10:25] RK : *from
[10:25] Amit J : Coal Scam: Former Prime Minister Manmohan Singh Summoned as Accused in Hindalco Case
[10:26] Amit J : hedge long
[10:27] Shai : oops
[10:39] Amit J : dont see major isssue on this case. it should be a non event
[10:40] Kathir : @amit hold century or exit now?
[10:40] Kathir : has ce
[10:40] r m : bigger issue is oppostion referring various bills to rajyasabha select committees, that will delay calling the joint session
[10:48] Rav : rm…only after becoming afraid of TV news and its false rumours, we came here.
[10:48] Tejpreet : Rav pcr of .4 means 4 puts to 10 calls ….so is it bullish or bearish ….as those 10 calls could be buyer or seller….
[10:49] Rav : bearis. but sc will make bullish. it should be interpreted with various parameters
[10:49] Rav : wipro 677
[10:49] Rav : heading towards 688+
[10:50] Kathir : holding still
[10:50] Kathir : @amit century hold ?
[10:51] Tejpreet : Ok so if pcr is bearish and atm calls are showing short covering then stock price will move up.
[10:56] Shai : Potental failed auction set up in NF
[10:56] r m : @Rav, I think last month you suggested that Wipro is grossly underpriced and could be rerated, still holding that view?
[10:57] Shai : NF buy abv 8764 for 8782/ 8802 sl of 8743
[10:57] Kathir : @shai views on icici bank long frme here
[10:57] Rav : kathir..hold cent tex with sl of 572 in future
[10:58] Shai : BNF buy abv 19135 for 19190/ 19240 sl of 19095
[10:58] Amit J : icici can be bought.
[10:59] Kathir : ok amit i want SL if so
[10:59] Shai : shorts are coming out of century- OI chart shows a big drop
[10:59] Rav : icici SBU stock
[11:00] Rav : yes 572 broken
[11:00] Kathir : @rav thanks
[11:01] Shai : that vol spike to 565 just before 10 could be buyers however
[11:08] RK : anybody has 20 day or 30 day cash volume data for all F&O stocks..need the same for screening purpose?
[11:09] RK : RM any resource? I searched everywhere?
[11:09] RK : if anybody is subscribed to FnO site, they may have!
[11:10] Shai : myfno.com?
[11:10] RK : Yes Shai
[11:10] Shai : I had a subscription but I just discontinued last month
[11:10] RK : I think they have it..
[11:10] RK : 🙂
[11:10] RK : worth to subscribe Shai?
[11:11] Shai : t’s not under their free resource?
[11:11] Tejpreet : Can try taderscockpit
[11:11] RK : No Shai..they are not offering this data under free registration..I tried
[11:11] RK : Tejpreet I tried that site too
[11:11] Shai : I had actually subscribed only for their portfolio manager but that was getting erratic so took a break
[11:12] r m : @RK, I have cash volumes for nifty50 stocks but not all fno stocks
[11:12] Rav : RK…have AFL for hi vol candle.it is easy to find out where and when the vol was high and at what price
[11:12] RK : Basically I need to have the list of stocks which have average >100 cr volume on 20 days basis
[11:12] Tejpreet : Can try chartalert.com
[11:12] Amit J : shai failed auction possible?
[11:12] RK : Rav I need to know the avg 20 day volume and not high volume on particular price/day
[11:12] r m : that is easy and non NIFTY stocks unlikely to have such large average volumes
[11:13] RK : Tejpreet I dont think chartalert has it..anyway will try it..thanks
[11:14] Shai : No Amit
[11:14] Shai : came under IB again
[11:14] Sharad : RK have futures data of all scripts intraday also… and can check price and volume of any time frame
[11:15] RK : Sharad need Cash volumes which I think project right view rather than Fno volumes
[11:15] Sharad : i ahve only futures data sorry
[11:17] r m : @RK, then you don’t need intraday data? Average daily volume alert can be created on daily data as well?
[11:17] RK : I have got one excel with VBA file which produce 5 day volume if we enter last 5 dates..dont know how too tweak it to convert into show 20day volumes:)
[11:17] RK : thanks Sharad
[11:18] RK : RM I don’t get you..where to set an alert?
[11:18] RK : Yes I need EOD volume only
[11:18] r m : on amibroke, you can screen the stocks every weekend for next week list 🙂
[11:19] RK : RM you know that am not into ami..only MT4 and NT (thanks to you)..now you want me to try Ami also..will do it:)
[11:20] r m : @RK, you need not go into ami, it can be done in excel too, if you are maintaining eod bhavcopies
[11:21] r m : you need a container to hold all eod data, charting softwares are just that container
[11:21] RK : Yes I do maintain bhavcopies
[11:23] Kathir : @rav wipro coming down 665
[11:24] Kathir : oops low broken wipro
[11:24] Sachith : reliance short ? shai view
[11:24] Rav : do not bother.;ow liquidity counter
[11:26] Kathir : ok
[11:28] Rav : it is part of sensex too. they will push it if they want to bring down sensex
[11:29] Kathir : oh ok
[11:33] RK : Shai, can you pls review this one?(10:23) RK :Shai Tatasteel slowly came down and showing no signs of recovery..I think its trading at year low..any sign form volumes?
[11:34] r m : it is at 52 week low
[11:34] RK : yes RM 52 week low
[11:47] Shai : tata steel go with a small intra day long with 324 sl
[11:47] Shai : if price crosses 334 then low is secure
[11:47] Shai : else may drop down
[11:48] Shai : price has met a weekly supp at 325 , but still to confirm that it wants to reverse
[11:49] RK : Shai actually in short from 350..want to keep a better SL..thanks above input helps
[11:51] r m : @RK, so 16 points locked in no, congrats!
[11:51] r m : *now
[11:52] RK : Yes RM..originally long at 355 and reversed to short from 350 so only 11 locked 🙂
[11:52] Kathir : @rm now you need to book tickets to TN also 🙂
[11:52] r m : 🙂
[11:53] r m : @Kathir, yeah, I like roaming around 🙂
[11:53] Kathir : 🙂
[11:54] RK : but RM these are only rosy pictures..there are some dark side with Relcap, tata motors and HUL..have to travel with them for some time to get a break even 🙂
[11:54] Kathir : @rk hul you were long right?
[11:55] r m : @RK, we can be like ostrich when seeing dark side, that helps 😀
[11:56] RK : Kathir long in the last trade but had some whips last week..almost at breakeven now..
[11:56] r m : both buyers and sellers present like yesteday
[11:56] Kathir : RK ok
[11:57] RK : now holding shorts in LT,Tatasteel,Tatamotors,Relcap,BNF and long in HCL
[11:57] RK : HUL also long
[11:59] RK : BNf short entered at close after that Spike with SL of 19280 F and today morning allowed some 20 points buffer for SL..don’t know if that high stays there:)
[12:02] Rav : bn 19000pe oi increasing-bullish
[12:06] Sachith : shai… infy can become buy intraday view
[12:10] Rav : airtel to have one more freeze…it seems
[12:10] Shai : infy showing signs of going up
[12:11] Shai : intra day the objective at 2237 has been met and new buying only abv that
[12:12] Sachith : ok… thnx
[12:12] Shai : keep trigger at 2208 for a buy with 2190 as sl
[12:12] Shai : cash prices
[12:12] Shai : abv 2237 can do 2267/ 2290 positional
[12:12] Shai : 1-3 sessions
[12:14] Rav : bought 19500ce at 205
[12:20] Kathir : @RAV any SL and trgt for this ce?
[12:23] Rav : 18900 spot is sl
[12:23] Kathir : ok you are looking for a big move up?
[12:24] Rav : airtel 381
[12:25] Rav : 19500 sc
[12:25] Kathir : ok thanks
[12:29] Shai : RK exit the BNF short trade or hedge with an ICICI bank 340 ce
[12:30] RK : Shai booked at 19156
[12:30] Shai : cool
[12:30] Shai : vwap has new buying
[12:30] Shai : icici looking good
[12:31] Shai : 19290 now reversal price for bnf
[12:31] Shai : 1ST tgt FA of 19395 and then 19492
[12:34] Amit J : century
[12:35] Amit J : i converted profit into calls
[12:35] Kathir : congrats amit
[12:36] Rav : t 580 584 still sc
[12:41] RK : Shai still expecting quick move above 8772 or 8782?
[12:42] Shai : yes
[12:42] Shai : short cvering possible
[12:42] Rav : max pain now shifted from 19000 to 19300
[12:42] RK : thanks..
[12:45] RK : 19135 to 19240 round trip
[12:53] r m : @RK, what prompted you to short at 19240?
[12:53] r m : I mean fp did not suggest aggressive sellers getting in
[12:55] RK : RM this image http://vtrender.com/volume-at-price-1003/#more-25746
[12:55] RK : 19280 seller from yday held the movement in the morning..
[12:56] r m : ok, so your shorts at 240 had stop above 280?
[12:56] RK : so with SL above Day high offered better risk reward there..and Shai’s today morning buy target ends at 240 today 🙂
[12:57] RK : Yes I kept it at 291 – day high
[12:57] r m : Thanks, good thinking 🙂
[12:57] r m : that other buy above 8778 is sending back NF the same way
[12:58] RK : yes..but today BNF moves are seems pretty favorable than NG
[12:58] RK : NF
[13:00] Sachith : shai, BoB below 178 good short?
[13:03] RK : VWAP is held for some time in both
[13:04] Shai : BoB 174 looks achieveable
[13:04] Shai : but intra dayer don’t short here but below 175.8 now
[13:04] Shai : cash
[13:08] Sachith : ok
[13:11] Tejpreet : Time for roller coaster as europe opens and ECB Draghi speaks.
[13:47] Kathir : @RM now its clear RK is the one who is sitting at 19240 bnf and not allowing to go up 🙂
[13:48] r m : yeah, rock solid, what is RK’s weight? 😀
[13:48] RK : Kathir I shifted to NF long 🙂
[13:48] Kathir : RM the one option for us is to brin lanak to break this barrier
[13:48] r m : wow! that is why it went up like a rocket!
[13:48] Shai : 8782 cross will make a neutral extreme case
[13:49] Kathir : see the impact of rk
[13:49] RK : No RM I joined it when it gone up 🙂
[13:49] Shai : 19290 in BNF
[13:49] Shai : see an immediate 100 point in BNf
[13:49] r m : 🙂
[13:51] Kathir : @rk you went long when it crossed 72?
[13:51] r m : (*** Private to RK ) please come on pm when you get time
[13:52] Kathir : @rm europe up?
[13:53] RK : Yes Kathir..as the move was backed up by volumes
[13:53] Kathir : ok
[13:54] Shai : lots of buyers
[13:55] Vishal : europe is up
[13:55] Vishal : dax near to ATH
[13:55] Kathir : ok vishal
[13:56] r m : @Shai, for this buy above 8782 stop will be vwap?
[14:00] Shai : yes
[14:00] r m : Thanks
[14:01] Shai : IBH triggered and buyers from vwap
[14:01] Vishal : dax hits ATH
[14:03] Kathir : @rm what about FII’s yesterday
[14:03] r m : they were short
[14:03] Kathir : ok thanks
[14:06] Shai : spot high is 8747-
[14:06] Shai : we are comfy with longs abv 8754
[14:08] Amit J : govt mostly got consensus on bills. if my reading correct than its a big positive
[14:09] Rav : 19000-18000pe oi and 68 lacs oi of 8700-8000pe matters most
[14:10] Kathir : @rav means down trend?
[14:11] Shai : odds higher of a squeeze now upwards
[14:11] Rav : bullish
[14:11] Kathir : ok
[14:11] Shai : getting a lot of blue here which is a signs that shorts from yesterday/ day before are covering
[14:11] Shai : price has to move abv IH though
[14:11] Shai : IBH*
[14:14] Rav : sbi axis icici hdfc LBU
[14:15] Kathir : icici was sbu morning right?
[14:17] Rav : yes
[14:17] Rav : now again sbu
[14:18] Kathir : sbu? now
[14:20] Rav : lbu
[14:20] Kathir : ok 🙂
[14:21] Shai : 8802 – hold with sl at IBH now
[14:22] Shai : neutral extreme setup valid only abv IBH
[14:22] Shai : we will go straight to day low if vwap breaks today
[14:25] Shai : BNF new longs abv 19295 tgt 19394
[14:25] Shai : sl again IBH
[14:28] Shai : NF at vwap band
[14:28] Shai : Looks like upmove will come in 10 point jumps
[14:29] Shai : messsy
[14:29] Shai : keep stops in system
[14:33] Shai : exit BNF longs
[14:38] Shai : 8774 last point for the bull to defend
[14:40] Shai : at day high the premium had stretched to 55 points
[14:40] Shai : bull will take a close at vwap
[14:40] Shai : but sellers look stronger
[14:48] Shai : NF is an aggressive short trade here for next 30 mins tgting 8745 again with sl if 8789
[14:53] Porus : Draghi- “Unconstrained monetary policy is key”
[14:55] r m : these guys use to lecture US when Ben did the same 😀
[14:55] r m : *used
[14:56] Shai : BNF & NF will be inside
[14:58] r m : @Amit, your unitech went thru the roof!
[14:59] Amit J : yes i am loving it
[14:59] r m : 🙂
[14:59] Kathir : amits’s lover 🙂
[14:59] r m : the other way round 🙂
[14:59] Amit J : shai trending day for century?
[15:00] Shai : yes
[15:00] Shai : 578 done would have preferred 586
[15:01] Shai : Has to move abv 586 now tom/ day after on even strong vols
[15:01] Shai : then 615 next
[15:03] Kathir : where is the vwap for bnf?
[15:03] Shai : 19167
[15:03] Shai : NF getting more sellers
[15:03] r m : 19182 approx
[15:03] Shai : that 8743 trade still there
[15:03] Kathir : @Shai shall we buy some pe if bnf closes below vwap
[15:03] r m : oops
[15:04] Shai : BNF to do 19100
[15:05] Shai : Kathir can
[15:05] Kathir : ok thanks
[15:08] Kathir : @rav hold wipro
[15:10] Rav : ye. airtel to see freeze once more
[15:10] Shai : One more trip down to 8717 tomorrow in F
[15:11] r m : airtel 52 week high is 420 🙂
[15:11] Kathir : nice number
[15:11] Shai : we are closing neutral center
[15:11] Shai : best day to trade will be tomroww
[15:12] r m : yeah, very suggestive Kathir 🙂
[15:12] Shai : don’t miss – could be a directional high conviction day
[15:12] Kathir : 🙂
[15:12] Shai : open either side
[15:12] Shai : but 65 :35 favors down
[15:12] r m : Thanks Shai for advance warning
[15:12] Kathir : yeah thanks
[15:12] Shai : trend day expecting
[15:13] Shai : 150 one way in NF will be good
[15:13] r m : 2 back to back neutral days
[15:13] Shai : yes
[15:16] Shai : 30 min trade : (14:48) Shai :NF is an aggressive short trade here for next 30 mins tgting 8745 again with sl if 8789
[15:16] r m : yesterday and today’s composite will be a nice D shaped profile in both
[15:16] Kathir : wonderfull shai
[15:17] Rav : d menas SBU rm
[15:18] r m : ok Rav
[15:20] Shai : yes RM
[15:21] Shai : but an Open drive can go anywhere in 1st 15 mins
[15:21] Shai : baset to be neutral
[15:21] r m : ok
[15:21] Shai : best*
[15:23] r m : wipro back to square A!
[15:24] RK : even HCL..had a good breakout but came off
[15:24] Kathir : yeah those who missed gets a chance now
[15:25] Kathir : but icici not down much in this bnf fall from 300
[15:26] Kris : Thanks all – Have a Good Evening! Bye.
[15:27] r m : @Kris, Hi and Bye 🙂
[15:27] Kathir : @kris i thought absent today 🙂
[15:27] Kathir : RM is right HI and Bye 🙂
[15:27] Kris : 🙂
[15:27] Kris : I was here – and wished all the morning na!
[15:28] r m : @Kathir, Kris was keeping a watchful eye 🙂
[15:28] Kathir : we expect you to be like modi not like MM ge
[15:28] r m : lol
[15:28] Kris : @Kathir 🙂
[15:29] Kathir : Thanks and bye all 🙂
[15:29] Kathir : oh thought markt over
[15:30] r m : Thanks and bye folks, have a great evening 🙂
[15:30] r m : now over!
[15:30] Kathir : yeah 🙂 now bye all
[15:30] Shai : Bye all
[15:30] Kris : @Kathir – when Rm says it, correct the watch to 3.30 🙂
[15:30] Porus : bye all
[15:30] Tejpreet : Bye all
[15:30] Shai : Have a nice eveing
[15:30] RK : thanks and bye all
[15:31] Amit J : icici news came in end thats why