General Chat Transcript
Date and Time: May 11, 2015 09:18:42
[08:49] r m : Good Morning folks!
[08:49] Sumit : GM everyone
[08:49] Porus : GM all
[08:51] Rahul G : hello all
[08:51] Rahul G : GM
[08:52] r m : http://vtrender.com/levels-and-plan-for-11th-may/
[08:52] r m : http://vtrender.com/premium/orderflow-charts-and-notes-0805/
[08:52] r m : http://vtrender.com/weekly-profiles-may-fut-we-08may/
[08:52] r m : Nifty MAY Future levels| Key Reference Area 8252| Hypo1 above 8252➜8288➜8316 SL 8220| Hypo2 below 8220➜8183➜8147 SL 8257
[08:53] r m : Banknifty MAY Future levels| KRA 17741| Hypo1 above 17742➜17911➜18030 SL 17640| Hypo2 below 17640➜17567➜17475 SL 17745
[08:53] r m : Nifty Weekly Spot levels| Resistance 8233/8335| Support 8180/8040
[08:54] r m : Banknifty Weekly Spot levels| Resistance 17980/18150| Support 17700
[08:56] Sudhakar : GD All
[08:58] Venkatesan : GM moderator , I am venkat , my debut to this room
[09:01] r m : GM Venkatesan, welcome to the room 🙂
[09:01] Venkatesan : GM SIR
[09:02] Shai : GM all
[09:02] r m : please use just “rm”, sir neither needed nor deserved 🙂
[09:02] Venkatesan : GOT IT
[09:02] r m : Thanks
[09:03] Hemant : GM folks
[09:06] Ashish : GM all
[09:08] Sharad : GM all
[09:11] Vishnu : Test
[09:11] Krish : Shai, do you see a risk of holding calls beyond 8300?
[09:11] Vishnu : Good Morning gents
[09:14] RK : GM Shai,RM and all
[09:14] r m : Hi RK
[09:15] r m : Results today – Bank of Baroda
[09:15] Mahesh : gudmrng……..
[09:16] r m : Results tomorrow – Dr Reddy, Apollo Tyres, Ashok Leyland
[09:17] Vishnu : adani power and havells as well today
[09:17] r m : ok thanks
[09:17] Vishnu : union bank and ucobank tomorrow
[09:17] r m : Thanks
[09:21] Shai : Open abv value and range in NF
[09:21] Shai : looking at 8252 as KRA
[09:21] Shai : since it is MOn open give the mkt a few more mins to settle
[09:21] Mahesh : k
[09:24] Keshav : gm all
[09:28] Shai : BNF had a seller at 17947 on fri
[09:28] Vishal : Hi GM All
[09:28] Shai : daytoday in BNF will not be a big plus ill 17947 is taken down
[09:32] Shai : Buyers in NF
[09:33] Shai : We buy NF now for 8290 on dip to 8255 sl of 8220
[09:33] Shai : hypo 1 looks settled for a trade
[09:34] Mahesh : a dip to 8255 can be used for buying
[09:34] Shai : Buy NF 8255- 8259 sl of 8219 tgt 8290/ 8326
[09:34] Shai : yes
[09:34] Mahesh : k
[09:35] Shai : Higher risk : Buy BNF at cmp sl of 17905 tgt 18025
[09:38] Shai : cmp was 17960 but it meant immediate mkt order
[09:39] Shai : NF we wait for a dip to chase this up
[09:39] Mahesh : k
[09:40] Shai : Now BNF good as long as 17940 + filter holds today
[09:48] Shai : Buy a part of that NF near 8275 to get a fll in this move – keep bal open at 8257
[09:48] Shai : chances are good we may see 8316 to 8350 from here
[09:48] Krish : super if we get there
[09:48] Shai : yes
[09:49] Shai : NF getting accepted in the single prints
[09:49] Shai : means higher levels coming
[09:49] Hemant : Seller onf NF
[09:49] Hemant : ?
[09:50] Shai : BNF stay long abv 18035 for 18102
[09:50] RK : Shai HUL positional sell alright here?
[09:50] Hemant : 8292
[09:50] Shai : No hemant only Buyers’
[09:51] Hemant : Ok. That was before tick refresh 🙂
[09:51] Shai : yes RK good pick
[09:51] Shai : intr tgt 854 and below
[09:53] RK : Friday spike high could be SL if wish to hold for a week?
[09:53] Shai : yes
[09:53] RK : thanks
[09:53] Shai : there is alos a selling tail to confirm today
[09:54] Shai : but fri high is a better sl+ small filter
[09:54] RK : Yes
[09:54] RK : ok
[09:55] Vishnu : Syndi corrected quite a bit from opening. Swing view of 109 this week, how does it look Shai?
[09:59] Shai : not good below 105 now
[09:59] Shai : supp at 102.3
[09:59] Dharamveer : Is the Sl for Nf still 8219 iw we enter at 8276
[10:00] Shai : longs would wait for 105.6 to cross to eneter again’
[10:02] Shai : No Dharamveer go by sl of 8242 day low
[10:02] Shai : our long bias on day is out below kra + filter
[10:03] Shai : Syndi news flow emoional trading
[10:03] r m : (*** Private to RK ) for 870PE it works out as Stop 9, target 33, for intraday
[10:03] Sudhakar : filter 9 pts?
[10:03] Shai : sold the pop up
[10:04] Shai : 7 is a good fliter for NF but since day low is close by we go by day low
[10:04] Shai : KRA is a area and not a number , hence filter
[10:05] Vivek K : mr shai, bnifty negative delta with seller at 10.00am? or since there is a positive number at top, it wont qualify as a seller?
[10:06] Shai : Vivel looks like profits were taken in that zone
[10:06] Shai : Now we go long abv 18035 for 18102 with sl below 18000
[10:06] Shai : Vivek**
[10:06] Vivek K : ok thanks
[10:09] Hemant : Shai sir can 8220 be visited today?
[10:10] Shai : If we get the second fill at 8257 sl is 8240 for trade and tgt 8316 F- (09:48) Shai :Buy a part of that NF near 8275 to get a fll in this move – keep bal open at 8257
[10:10] Mahesh : k
[10:11] Hemant : Got it
[10:21] Varun : whts the yellow price symbol @shai
[10:21] Amit J : bob buy any view shai?
[10:22] Shai : 8294? that dvah
[10:22] Varun : ya 8294
[10:23] Varun : ok got it
[10:23] Varun : thanks
[10:25] Shai : BOB good abv 150.4 now
[10:25] Shai : tgt of the move then becomes 155/ 165
[10:26] Ashish : Shai, Do you see any sellers in Reliance ind.
[10:26] Shai : syndi trying to hold 102- (09:59) Shai :supp at 102.3
[10:27] Shai : but the move was for fast fingers this morning
[10:27] Shai : keep this long trade view on radar : (10:06) Shai :Now we go long abv 18035 for 18102 with sl below 18000
[10:28] Shai : This is holding up well- (09:40) Shai :Now BNF good as long as 17940 + filter holds today
[10:44] Shai : 18010 is seeing slight profit booking
[10:45] Shai : Remeber that 17000 spot sl trade and 18100 tgt form friday?
[10:47] Amit J : buy bob
[10:50] Sharad : Shai FA in both if we go to day low ?
[10:51] Shai : Bob trending abv 150.5
[10:51] Shai : Yes Sharad but first vwap
[10:52] Ashish : Banknifty call active
[10:53] Sharad : yes i know ..was just asking possibility ..
[10:57] r m : @Amit, Shai, BOB doing great, Thanks! 🙂
[10:59] Amit J : one way bob
[10:59] r m : yeah, like Kotak bank the other day 🙂
[11:02] Vishnu : 8316 and 18102 are the profit booking levels shai?
[11:02] Vishnu : can you pl check kotakbank now…
[11:03] Vishnu : it had fantastic results and then beaten down during BNF fall
[11:04] Sudhakar : shai BOB Fantastic
[11:04] Sudhakar : thanks
[11:05] Varun : big sellers nf ?
[11:05] Varun : shai ?
[11:05] Varun : shld longs be exited ?
[11:05] Vishnu : Syni back to buy levels
[11:10] Shai : Varun hold for 8316
[11:11] Shai : Yes Syndi needs to cross over
[11:12] Sudhakar : to cross high #syndi?
[11:12] Shai : kotak don’t see strength today till 1343 is captured again
[11:13] Shai : can drift down to 1315
[11:13] RK : our MUMMY returns 🙂
[11:14] Sudhakar : shai can u look @ pnb?
[11:15] r m : @RK 🙂
[11:15] Shai : syndi 107.5 intra tgt positional carry on close abv 106.7 today
[11:15] Shai : book if we stay below 106.7 at close
[11:16] Vivek K : mummy can vote for GST
[11:16] Dharamveer : Shai Bn target 18100 only or any second target
[11:16] Krish : shai, any action for NF and BNF?
[11:16] Shai : NF trail at 8307 tgt 8353 is 8324 crosses
[11:16] Shai : book f it does not
[11:17] Shai : BNF book out
[11:20] Dharamveer : Does NF close above 8360 for going long
[11:21] RK : Vivek there is Big agenda in cooking for TN state from center 🙂
[11:21] Vivek K : some delicius goose is being cooked
[11:22] Vivek K : judge rules that AMMA’s 66cr assets were silicon and fake. so no need to explain non-filing of ITR
[11:22] Shai : pnb 140.8 supp on day
[11:22] Shai : but I’m not confident on momentum till 152.3 is crossed
[11:22] Shai : can drift till 152.3
[11:22] Sudhakar : got it shai thanks
[11:23] Varun : @shai all these huge reds, were trapped longs exiting or fresh shorts ?
[11:23] Shai : abv 152 is a quick rise to 164 and 172
[11:23] Vivek K : mr shai, delta has been consistently negative since last 30mins in bnift. whats teh implication? though bnift has been trending higher
[11:24] Venkatesan : hi sai, nf hold or exit
[11:24] Shai : Varun short covering
[11:24] Shai : NF book out
[11:24] Venkatesan : ok
[11:25] Shai : Vivek the move up getting riskier in BNF
[11:25] Vivek K : o thanks
[11:26] Shai : orderflow suggests a dip to 18030 maybe and then rise again
[11:26] Shai : NF also caught between 8296 revisist and 8355
[11:27] Shai : 18500 ce was 140 on friday now 215 🙂
[11:27] Shai : spot 18097
[11:28] Krish : go long or get out?
[11:28] RK : Shai since Apr looking back the old option prices is becoming pain..it all started with 8600 PE :))
[11:28] r m : 😀
[11:28] Shai : Krish exit
[11:29] Krish : ok
[11:29] Krish : sorry, one stupid Q
[11:29] Krish : i am looking for a position for closing, i still exit?
[11:29] Krish : mean, i am not looking at intta day high, i am ,long on NF and BNF Options
[11:29] Krish : still exit?
[11:30] Venkatesan : what is postional stop for nf
[11:31] Venkatesan : *positional st l?
[11:31] Sudhakar : any trade on BHEL shai?
[11:37] Krish : Shai?
[11:38] r m : @Krish, I think 18150 spot was the target for that 18500CE trade
[11:38] Krish : ok
[11:39] Shai : Positional Sl is still day low of today
[11:39] r m : Thanks Shai
[11:39] Shai : but positional players have to think about taking some profits at these points as they are inflection points
[11:39] Shai : we may do a U turn or there may continue to be forced short covering
[11:40] Shai : but always better to take profits when on table
[11:40] Krish : ok, got it
[11:40] Shai : Don’t give the mkt back when you are in control
[11:44] Shai : some sellers are here in NF
[11:45] Rahul G : shai view on sail
[11:45] Shai : only a pink can confirm their strength
[11:50] Shai : Sail supply line is at 73
[11:50] Shai : But should be good abv 69.5 close this week for longs
[11:51] Shai : intra day Obj at 70.5 and 72
[11:54] Shai : Lot of volume exchange at 8327
[11:54] Shai : F
[11:54] Shai : Intra dayers shoudl stay out
[11:54] Shai : higher time frame is playing out each other
[11:55] Shai : that sky blue bar under price in the 5 min candle is the top volume of that candle
[11:56] Shai : when a series of them go sideways it points quickly to dpoc coming to that area in Future
[11:57] Venkatesan : shai what is positioanl st l
[11:57] Venkatesan : FOR NF
[11:58] Vishnu : 12875×14850
[11:58] Vishnu : you were referring to volumes around that shai?
[11:58] Shai : Venkatesan Frida closing price is the sl for this week
[11:58] Vishnu : PNB big volumes
[11:59] Shai : Yes Vishnu
[11:59] Venkatesan : OK
[12:00] Shai : Price probe still upwards
[12:00] Shai : sellers not very active yet
[12:08] Varun : guys chk where shai gave an lvn and where it reversed from
[12:08] Varun : in the morning shai and i disucssed banging itno a lvn
[12:08] Varun : and same hapnd few mins later
[12:08] Sudhakar : bingooo varun
[12:09] Rahul G : thanks shai fir sail
[12:11] Varun : 12:10 Varun : 0:38 Varun : ya but some time u bang into a lvn to cut ur postions where reverse shld hve been done
[12:11] Varun : our pvt chat 😉
[12:13] Ashish : Private should be open to public also varun:)
[12:14] Varun : 😉
[12:14] RK : Shai as that 8344-8250 entire waterfall has come to a balance now, its logical that auction would try take place above 8344?
[12:36] Amit J : shai your view on union for short?
[12:43] Amit J : shai any level to track for 8300 calls
[12:46] Vishnu : Test.
[12:47] Vishnu : room is calm or is it my poor network
[12:48] Dharamveer : i suppose all are waiting
[12:48] Vishnu : Syndi resistance is around 111? any levels to watch Shai? Ta
[12:48] RK : Vishnu room goes into calm on trend days:)
[12:49] Dharamveer : what is the black npoc
[12:50] Vishnu : RK 🙂
[12:53] Shai : syndi 109 then 112.5 and finally 115 positional tgts abv 106.7 close
[12:54] Shai : will upate Union ..
[12:54] Shai : RK much more than the closing price today around this LVN we have to see what the open does tom here
[12:55] Vivek K : any possibility of P shape profile in nifty today?
[12:56] RK : the way the price is being accepted in this upmove, pushing to observing mode to short agressively..waiting for closing hours to take shorts as per plan @Shai
[12:56] Shai : union bank not a short
[12:56] Shai : may hit 144/ 146
[12:58] Vishnu : SBIN Shai? looks good for long.
[12:58] Shai : 8300 ce may climb a bt more to 172 @Amit
[12:59] Shai : but sl is below 128 now
[12:59] Shai : can come back down to 128 first then if that holds 172 > 8300 CE
[13:01] Shai : sbin at 275 supply
[13:01] Shai : supp at 268 this week
[13:01] Shai : Long is abv 277 with 268 sl for 290/ 288
[13:01] Shai : do a buy abv with price conf
[13:02] Vishnu : Thanks
[13:04] Shai : Big prem drp in BNF
[13:14] Amit J : shai again your view on geometric
[13:16] Amit J : again in that supply zone
[13:17] Shai : yes 144 supply but today good abv 139.6
[13:17] Shai : if 139.6 holds on a dip now then can tgt 153
[13:18] Shai : 153 to 164 is a trdae and final shortcovering of 30 points abv 164 to 195
[13:19] Shai : NF if it holds 8296 on this dip can close at day highs
[13:19] Shai : we will try to buy a dip at 8296 for intra with sl of 8268 for 8344
[13:21] Shai : contra trade is high risk short for 8296 with sl of 8350 cmp 8320
[13:22] Shai : btw I’m still looking at adding that 8000 PE positional play fr May
[13:29] r m : @Shai, will that addition be at 8335 spot?
[13:29] r m : 8000PE I mean
[13:30] Shai : at close near day highs today
[13:31] r m : Thanks
[13:37] Shai : BNF 18302 LVN is a big number for shorts
[13:38] Hemant : Shai sir, by adding 8000 PE you’re exprecting NF to go down sometime this week?
[13:38] Shai : abv 18302 is a 250 point easy long trade to 18552 if crossed
[13:38] Shai : shorts can keep sl till 18300 but not abv
[13:38] Shai : positional shorts
[13:39] Shai : could scale up to 18552 and 18749 the other LVN
[13:39] Shai : 18218 is curr day high
[13:39] Venkatesan : what is lvn , sai
[13:39] Rahul N : @shai i have short positions in dlf ,yes bank and axis bank futures…
[13:39] Rahul N : whats your view?
[13:39] r m : What should be the stop for trade above 18302? vwap at 18063 seems too far for a stop 🙂
[13:40] Shai : Hemant Price is not showing strong rejections here so this week may not be a visit down
[13:40] Shai : 18190 F RM- positional play
[13:41] r m : Thanks Shai, better to play with 19K CE?
[13:42] Shai : yes
[13:42] r m : Thanks
[13:42] Shai : DLF cash 138 and 144 are positional stops
[13:43] Shai : price should move to 124.5 this week below 138 cash
[13:44] Shai : 128 may show buying but tgt below 130 remains 124
[13:46] Shai : yes bank not weak yet
[13:46] Shai : cash may get stronger abv 853
[13:46] Shai : below 830 shorts in yes bank get stronger
[13:48] Hemant : Does that mean it may not go down this week, but could in the remainder of the month?
[13:48] Shai : axis bank quiter today
[13:48] Shai : but not seeing a lot of strength in axis till price crosses 574 again this week
[13:49] Shai : below 540 can drop o 522 price obj
[13:49] Shai : Yes Hemant could be a quieter rest of the week from tom
[13:49] Hemant : 🙂
[13:50] Hemant : So that what positional play means
[13:51] RK : Shai LIC bullish here?
[13:58] Shai : lic buy abv 442
[13:58] Shai : base of singe prints being targeted by morning buyers
[13:58] Shai : Buy abv 432 for 442
[13:59] Shai : correction > 432(13:58) Shai :lic buy abv 442
[13:59] Shai : NF has some buyeres at 8320
[14:01] Vishnu : long at CMP w/ 832X SL for day high. is that a plausible trade shai?
[14:03] RK : thanks Shai
[14:05] Shai : sl has to be 8305 for long here
[14:05] Shai : Be back in 10 mins
[14:25] Dharamveer : are these new sellers
[14:26] Dharamveer : does the 8296 buy still stand good
[14:28] Shai : yes that is good to buy there
[14:29] Shai : sellers finally
[14:30] Hemant : Shai sir is it ok to play for 100 pts drop next couple of days?
[14:30] Shai : yes can
[14:31] Shai : can tgt 8180 spot with 8355 spot as sl
[14:43] Hemant : 24 hours to Greece payments to IMF
[14:43] Shai : lot of green
[14:44] Krish : super Green!
[14:44] Amit J : may be front running to gst
[14:47] Shai : looks like 8296 protected on day
[14:49] Shai : ReBuy NF 8330- 8335 sl of 8310 tgt 8358
[14:49] Sudhakar : shai sbi crossed that 277 mark can buy now?
[14:51] Shai : yes buy abv 277 cash
[14:52] Amit J : shai dr reddy view for shorting?
[14:54] Shai : sr reddy not a good short till 3310 breaks
[14:54] Shai : looks rangebound 3310- 3410 for the immedaite 100
[14:55] Shai : NF long triggered for close at day high
[14:57] RK : Amit any threat to DR longs?
[14:57] Amit J : yes
[14:57] RK : fine
[14:57] RK : thanks
[15:00] Porus : Sai, should still buy 8000pe at day high?
[15:00] Shai : No
[15:00] Shai : let’s defer that to OPen tom
[15:00] Porus : ok
[15:00] Shai : BNF knows something
[15:01] Shai : This close in BNF here can propel BNF higher
[15:01] Shai : well above 18150 resistance now
[15:02] Porus : has the sc expected above18160 happened?
[15:02] Shai : Not very convincing but price seems to suggest some more upmove may be pending
[15:02] Shai : don’t know if there is some secret news inbuilt
[15:03] Sudhakar : ratecut?
[15:03] Shai : RM when is IIP?
[15:03] r m : let me check
[15:03] Shai : all PSU’s have moved today
[15:04] Shai : so govt related news
[15:04] r m : CPI, IIP on 12th 17:30
[15:05] r m : WPI on 14th 12:00
[15:05] Shai : thanks
[15:05] r m : welcome
[15:06] Shai : No Sudhakar rate cut only after wpi
[15:06] Sudhakar : ok
[15:06] RK : even doubtful after WPI
[15:06] Vivek K : rate cut unlikely to rising crude and uncertain monsoon.
[15:06] Shai : yes
[15:06] Amit J : talk of road projects some scheme
[15:06] Shai : was just talking about the remore chance of anything
[15:06] Shai : remote*
[15:07] r m : CPI forecast is 4.90 vs previous 5.17%
[15:07] Shai : ok
[15:09] Vivek K : shai sir, what does that lone ranger 1 on top bat at the end of 15.00 pm time frame?
[15:09] Vivek K : bar*
[15:09] Vivek K : in nifty
[15:10] Shai : data error
[15:10] Shai : nothing significant
[15:11] Ashish : Shai, any short trade is in reliance?
[15:11] RK : Shai that image in twitter about searching for seller is a good one..can you pls post here as resolution is small there
[15:12] r m : https://pbs.twimg.com/media/CEtspMVVEAAQYb-.jpg:large
[15:12] r m : should be better here, include that ‘large’ in address
[15:13] Shai : Ah the Genius of RM 🙂
[15:13] RK : 🙂
[15:13] r m : lol
[15:13] RK : thanks RM
[15:13] r m : http://tinyurl.com/qf6z5bt
[15:13] Shai : Book out NF intra at 8353
[15:13] RK : large is always better..it works 🙂
[15:14] r m : 🙂
[15:15] Shai : BNF has gone flat here
[15:16] Hemant : Shai, still recommended to buy a PE?
[15:16] Shai : NO Hemant we wait for the OPen to show weakness tom
[15:16] Hemant : Ok done
[15:16] Shai : I would have based on NF at this close but BNF not really weak here
[15:17] Amit J : shai if we close above 8350 than positional short view would change?
[15:17] RK : Shai so F levels to watch for sellers are approx – 8360/8380/8395 and finally 8455 F..
[15:18] Shai : No Amit- has to confirm at Open tom
[15:18] Shai : Many times there is a sentiment change in next session at big points
[15:19] Amit J : ok
[15:19] Shai : yes RK I’ve plotted 8343 and 8473 on the chart as zones to watch in NF
[15:19] Shai : BNF 18302 zone for which we watch tom that 250 pointer above mentioned
[15:20] RK : so we can call it as no trade zone as we may have better trades on this range extension
[15:20] Shai : yes
[15:20] Shai : wait for decisive moves here
[15:20] Shai : better to reduce position size
[15:25] Shai : syndi – (11:15) Shai :syndi 107.5 intra tgt positional carry on close abv 106.7 today
[15:26] Shai : Sorry Ashish on RIL
[15:26] Shai : missed it
[15:27] Shai : see RIL doing well as long as 890 holds
[15:27] Shai : Bigger supp at 882 right below
[15:27] Shai : breakout move is abv 903 for immediate 918
[15:28] Shai : Missed that 8353 number by 2 points but hope that last intra NF was profitable still for all
[15:29] Shai : BNF 18302 level all imp tom
[15:29] Dharamveer : ok
[15:29] Venkatesan : thank u shai
[15:30] r m : Thanks and bye folks, have a great evening 🙂
[15:30] Shai : Pleasure 🙂
[15:30] Venkatesan : bue
[15:30] Shai : Bye all
[15:30] Shai : Have a nice evening
[15:30] Venkatesan : bye
[15:30] Porus : bye all
[15:30] RK : thanks and bye all
[15:30] Amit J : bye
[15:30] Hemant : Ty Shai. Got caught on the wrong side today.
[15:30] Sudhakar : bye all
[15:31] Vishal : bbye all
[15:32] Vishnu : Have a good evening everyone. Thanks Shai, RM, Varun and RK