OrderFlow charts and Notes 12/12

Bnf_Of_10 Bnf_Vol_At_Price_1 Nf_Of_10 Nf_Vol_At_Price_1

 

 

 

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General Chat Transcript

 

Room Name: Vtrender
Date and Time: December 12, 2014 09:07:46

[08:49]   Keshav : gm all
[08:51]   Shai : GM all
[08:51]   Shai : http://vtrender.com/levels-and-plan-for-1212/
[08:51]   Shai : http://vtrender.com/premium/orderflow-charts-and-notes-1112/
[08:53]   Shai : Hypo1 ) If NF auctions below 8340 -> 8305 and a further move below 8304 ->8271. Sl 8367.
[08:54]   Shai : Hypo1 ) If NF auctions above 8368 -> to 8394& 8412. sl ->8345
[08:54]   Keshav : experiencing loading issues with the trading room
[08:54]   Keshav : the trading room link did not open for some time
[08:56]   Shai : Hypo1) If BNF auctions above 18505 ->18580 and 18610.Sl-> 18450
[08:56]   Shai : Hypo2) IF BNF auctions below 18405 then-> 18320- 18300. sl ->18460.
[08:58]   Shai : The trading room is operated from your browser. Ocassionally the flash player plays traunt
[08:58]   Shai : during such times clear your temp files and cookies or try another browser
[08:58]   Keshav : okay
[08:59]   Shai : also you may have to check your flash player for upgrades etc
[08:59]   Shai : adobe keeps updating the settings all the time
[08:59]   Keshav : hmm
[09:00]   Shai : best is to set flash player on auto download on next prompt
[09:00]   Keshav : okay shai will keep a check on those things
[09:01]   Keshav : one more things could you tell me how this green and pink line is calculated
[09:02]   Keshav : looks much like a linear regression moving average
[09:02]   Shai : It is based on the volumes traded at bid and ask and averaged out through a 3 period sma
[09:02]   Shai : to avoid whipsaws
[09:03]   Shai : 8340 and 8367 are 2 levels to watch today
[09:04]   Keshav : so its like the top panel shown as a smoothened moving average
[09:06]   Shai : top panel is based on up tick and down tick and are amrket orders
[09:06]   Shai : these are all orders entered as bid or ask
[09:06]   Janak : sell-off from 8360-80 to continue or bull-run to 8700 continues shai?
[09:06]   Shai : maybe nothing today Jank
[09:06]   Shai : Looks like an inside day today
[09:07]   Sharad : GM all
[09:07]   Janak : If BNF auctions above 18505 ->18580 and 18610.Sl-> 18450
[09:08]   Janak : this trade will be over within 1 min. of open?
[09:11]   Shai : hypos stay good all day
[09:12]   Janak : so better to sell around 610 and again enter for this hypo for a long :-)))
[09:12]   Ravi V P : gap up is more likely
[09:12]   Shai : yes sller at 610- 630 all week
[09:13]   Janak : friday has been very bullish since quite sometime and bulls have trapped bears fiercely on weekends
[09:13]   Shai : 8262-8338-8382 on spot
[09:13]   Janak : anything from rbi meet?
[09:13]   Shai : Bias down till 8338 and 8382 spot is crossed
[09:14]   Shai : BNf in a 400 point range between 18300- 18700
[09:16]   Janak : entered around 520 shai – lets c
[09:16]   Janak : for the hypo trade
[09:17]   Janak : keeping a partbook order at 580 in the system
[09:24]   Shai : you are quick Janak
[09:24]   Janak : 580 done! shai u r Lingaa 🙂 Thaliva!!
[09:24]   Shai : I don’t remember the last time I hit a trade in the first 2 mins
[09:25]   Assortz : it happens with first hypo trade of the day. but has to trade in a non human way :))
[09:25]   Assortz : GM all
[09:25]   Janak : shai u dont need to do that with ur order sizes something like 25000 qty and 30 pts in bn would be great
[09:25]   Porus : Very low vols in bnf
[09:26]   Ravi V P : 18580-10 lots only traded
[09:26]   Janak : 🙂
[09:27]   Janak : yes ravi – it spikes at such prices thats why i kept part book order in system
[09:27]   Janak : but it will come back to 580 again to comfortably cross it
[09:28]   Janak : afternoon is likely to give one-sided move
[09:29]   Shai : open auction in range’
[09:29]   Shai : No oTF
[09:29]   Shai : vwap flattening out along with bands
[09:29]   Shai : looks a sideways morning within that 8340- 8367 of the 2 hypos
[09:30]   Janak : as long as green is there a re-entry around 535 seems safe?
[09:30]   Shai : yes BNF above vah is good
[09:32]   Ravi V P : looking at 8400 pcr oi at 1 and huhe pcr oi at 8300 n 8200, mkt seems to be bottmed out
[09:34]   Janak : yday mkt was in the grips of bears in first 5 min
[09:39]   Janak : rm absent today
[09:45]   Shai : Rm is away attending to his brother in law on a surgery
[09:45]   Shai : will be out all day
[09:45]   Janak : ok
[09:46]   Shai : It’s weird when RM is not here 🙂
[09:46]   Shai : vwapbands are pulled tight
[09:46]   Shai : almost like a line now
[09:46]   Janak : sellers trying to get in – nf has strong green
[09:47]   Shai : volume under 980K fr first 30 mins
[09:47]   Shai : locals only
[09:51]   Shai : 18482 to 18405 is a small trade in BNF on short side with sl of 18522
[09:51]   Shai : only below 18482
[09:52]   Shai : riskier trade so only min qty
[09:54]   Janak : strong blue lines in bn
[10:03]   Janak : 580 coming again!
[10:04]   Janak : and next tgt of hypo 610 also
[10:04]   Sharad : very small IB today
[10:12]   Shai : yes
[10:13]   Shai : watch for signs of vwap band expanding to know of movement which will stick
[10:13]   Sharad : ok
[10:13]   Shai : othrewise scalpers will fade test of extreme of band with small stops
[10:18]   Keshav : is it possible to assign a audio alert when the pink green line changes color?
[10:20]   Janak : 614
[10:20]   Shai : hmm- good thought Keshav
[10:20]   Janak : if audio can be generated- so can be an sms?
[10:21]   Ravi V P : then auto trading too
[10:21]   Janak : signs of things to come in afternoon – a strong bullish run can end the day at day high
[10:22]   Shai : test
[10:22]   Janak : all fine shai
[10:29]   Shai : ok
[10:38]   Sharad : is it FA if we go below IB low now ?
[10:40]   Shai : yes would be
[10:40]   Sharad : asking because IB is very small today
[10:40]   Keshav : what is FA?
[10:41]   Shai : that’s alright- context is the same
[10:41]   Sharad : ok
[10:42]   Shai : http://vtrender.com/of-failed-auctions-and-revisits-4/
[10:43]   Keshav : need to get used to abbrevations
[10:43]   Sharad : Failed Auction
[10:43]   Janak : shai anomalies at 8450/8550 shd be visited in next 2 sessions?
[10:46]   Sharad : Shai BNF below VAH 18522 can go to VAL 18310
[10:49]   Shai : That VA is too large in BNF
[10:50]   Sharad : ok so 18482 to 18405 will try
[10:50]   Shai : prefer that 480 to 405 trade with sl at vah as a conservative
[10:50]   Sharad : ok
[10:51]   Shai : That 80% can still happen- am not saying No but just looking atbthe response in volumes since open as well as fact that it will be abv ATR and that we are within the 3 day range may make it difficult
[10:52]   Sharad : yes
[10:52]   Janak : bn looks set for 656 – 2ib
[10:53]   Assortz : Jank but pink showing its nose :)..l
[10:53]   Assortz : Janak
[10:53]   Shai : 18580 should hold else down
[10:53]   Janak : its flat
[10:53]   Sharad : 18580 is going…
[10:53]   Sharad : gone
[10:53]   Janak : maybe a vwap swipe
[10:54]   Sharad : Janak Shai trade…. to 405
[10:55]   Janak : ok
[10:55]   Sharad : now a days when ES is strong we fall other day
[10:56]   Janak : we are in bull mkt and there is hardly a Friday where there is not a rally since last many months
[10:57]   Sharad : true but day is long… can turnaround in afternoon
[10:57]   Janak : a longa t vwap – 563 with sl at vah – if doesn’t work then the day belongs to bear
[10:58]   Keshav : a lot of volumes getting accumalated north to vwap
[10:58]   Keshav : and delta is not so big there
[10:58]   Keshav : there could be a visit to day’s low
[10:59]   Sharad : Janak let it turn green then can try buying
[10:59]   Janak : 20% chance
[10:59]   Keshav : if the vwap doesnt move above volume zone
[10:59]   Janak : keshav
[11:00]   Keshav : yes everything depends on price action
[11:00]   Janak : bounce from vwap 563
[11:00]   Keshav : m just statistically curious on markets
[11:08]   Keshav : fractal break
[11:09]   Sharad : Janak Shai trade started below vwap and DPOC… stop IB high
[11:10]   Keshav : lets check the price action now on vwap
[11:12]   Sharad : now below VAH 18522
[11:12]   Sharad : looks set market wants FA on upper side
[11:13]   Janak : still above 505 – a long trade
[11:13]   Shai : 620 held again just like 300 below
[11:13]   Sharad : 505 is what?
[11:13]   Shai : range is holding and BNF is still inside
[11:13]   Janak : (08:56) Shai :Hypo1) If BNF auctions above 18505 ->18580 and 18610.Sl-> 18450
[11:13]   Sharad : ok
[11:14]   Janak : (09:11) Shai :hypos stay good all day
[11:14]   Sharad : haha true
[11:15]   Sharad : yes Hypo 2can not kick in as start below 405 only
[11:15]   Sharad : 505 gone
[11:15]   Sharad : with bang
[11:16]   Janak : 450 is the sl there
[11:16]   Keshav : hi shai is it advisable to get in short now?
[11:16]   Keshav : at the days low?
[11:16]   Sharad : what are you upto men… let us earn some breads here
[11:17]   Shai : No wait on shrt
[11:17]   Janak : ha ha sharad – i m in short with pink from 590 man
[11:17]   Janak : booked at 470
[11:17]   Shai : never short when vwap band is exceeded
[11:17]   Janak : and reversed
[11:17]   Janak : with 440 as sl
[11:17]   Sharad : i am not that fast… still short below vwap
[11:18]   Shai : BNF FA confirmed
[11:18]   Shai : NF almost done
[11:18]   Sharad : NF wil follow
[11:18]   Sharad : done shai
[11:18]   Shai : elta stilla dding up shorts
[11:18]   Shai : delta*
[11:19]   Keshav : day low done
[11:19]   Sharad : should wait for 405 right Shai… still short
[11:19]   Keshav : nf
[11:19]   Sharad : below Shai rekha 18482
[11:19]   Shai : sl is IBL if short higher
[11:19]   Sharad : ok
[11:19]   Shai : avoiding new shorts as vwap band is close
[11:20]   Shai : higher risk
[11:20]   Keshav : okay
[11:23]   Sharad : giving time to expand vwap band
[11:24]   Keshav : guys, is it okay to pass commentary on few things i follow?
[11:24]   Keshav : i would like to have others peoples take on the same
[11:24]   Sharad : sure we welcome any type of information
[11:25]   Shai : Sure feel free Keshav- It is a free room
[11:25]   Keshav : bnf might take support at yesterdays vwap
[11:26]   Assortz : Pls Keshav
[11:26]   Sharad : Shai where can we see yesterdays vwap ?
[11:26]   Sharad : what is price of vwap Keshav?
[11:28]   Shai : vwap is always mentioned in the post
[11:28]   Sharad : can we put it up on chart here like Shai rekha
[11:29]   Shai : prev vwap in the blog post under “observation”
[11:29]   Shai : yes can be done
[11:29]   Sharad : everyday have to deal with so many numbers so forget that
[11:29]   Assortz : 18456
[11:29]   Assortz : Sharad
[11:29]   Shai : Now can short BNF aain below 480
[11:30]   Shai : vwap band has expanded and that trde is safer now
[11:30]   Keshav : i have a amibroker cheap amibroker quote so not accurate
[11:30]   Sharad : Thanks Assortz
[11:30]   Shai : besides holding below IBL
[11:30]   Shai : NF short here per hypo1
[11:30]   Sharad : Shai please put it on chart… will be good
[11:30]   Assortz : Welcome
[11:31]   Shai : sure I will- It should be here from Mon
[11:31]   Sharad : Thhhhhhanks
[11:32]   Shai : 🙂 pleasure
[11:33]   Ravi V P : Janak 18582 short covered at 18475
[11:33]   Ravi V P : http://www.screencast.com/users/Ravicbe
[11:34]   Janak : great ravi congrats
[11:34]   Sharad : conngrats…
[11:35]   Keshav : the last peak at 8340 is would be a important fractal to consider longs
[11:38]   Keshav : nf into yesterdays high volume zone.
[11:38]   Keshav : acquiring decent delta would give some push on the upside
[11:42]   Shai : put the exit order at 18428 in BNF against the 405 of earlier
[11:42]   Sharad : ok
[11:42]   Shai : NF will be at 8319 wher there are responsive buyers
[11:42]   Shai : see vwp band has expanded
[11:43]   Shai : and day has become neutral
[11:43]   Shai : plenty to play for between now and close
[11:47]   Keshav : nf visit back to vwap likely
[11:48]   Keshav : but no price action conformation
[11:49]   Shai : buy volume picking up
[11:49]   Shai : sl if IBL in bnf
[11:49]   Janak : risky long at 470 with sl at 420?
[11:49]   Shai : buy abv 485 only
[11:49]   Janak : ok
[11:50]   Shai : can also exit bNF shorts if price climbs abv 485
[11:50]   Janak : bn has done 300 upmove twice in a day this week after falling 200+
[11:50]   Keshav : shai why above 485??
[11:51]   Sharad : may be Shai rekha red line
[11:51]   Sharad : + green
[11:53]   Keshav : sharad from chennai ?
[11:53]   Sharad : Ahmedabad
[11:54]   Keshav : okay, was thinking about a friend
[11:54]   Sharad : ok
[11:54]   Sharad : holding 480 well
[11:55]   Janak : long trade on
[11:56]   Keshav : where to position sl on bnf
[11:56]   Amit J : any derivative analyst on group
[11:56]   Janak : amit u r working in a corporate?
[11:57]   Keshav : wish i could be one someday
[11:57]   Janak : keshav i kept at day low
[11:58]   Keshav : didnt get you
[11:58]   Janak : sl
[11:58]   Keshav : okay
[11:59]   Keshav : some more rotation could be seen in bnf
[11:59]   Keshav : volumes need to pick up here with positive delta
[12:00]   Sharad : delta is -103
[12:00]   Keshav : bnf attracted some negative delta on the downside yesterday
[12:01]   Keshav : people should be looking to work on yesterdays vwap
[12:01]   Keshav : for exits
[12:01]   Sharad : janak it was time given to expand vwap band and that is why not buy trade here
[12:01]   Sharad : buy trade above IB low
[12:03]   Keshav : 8338 fractal important on nf
[12:03]   Keshav : for upside
[12:05]   Sharad : how do you find fractal ? Market profile chart?
[12:05]   Keshav : nope
[12:05]   Sharad : then
[12:05]   Keshav : fractals are more accurate on spot charts
[12:06]   Keshav : here its showed in arrows
[12:06]   Keshav : with price return on it
[12:06]   Keshav : i just assume that to be close to real fractals
[12:06]   Sharad : send chart link
[12:07]   Sharad : ohh you mean above in this chart…
[12:07]   Keshav : yes sharad
[12:07]   Sharad : it is just swing high
[12:07]   Keshav : no no
[12:08]   Keshav : fractals was first introduced by biill williams
[12:08]   Keshav : in trading
[12:08]   Sharad : ask Shai
[12:08]   Sharad : is it swing high or fractal?
[12:09]   Keshav : swing high could also be called as fractals
[12:09]   Sharad : ok but for me it has very less significance
[12:10]   Keshav : i follow elliotwave a bit
[12:10]   Shai : these ones o the chart are not based on fractals- they are vokume points
[12:10]   Keshav : oh
[12:10]   Sharad : ok
[12:11]   Keshav : i really need to understand how few things are calculated on this chart
[12:11]   Keshav : could i mail you sometime this weekend shai??
[12:13]   Shai : sure
[12:14]   Shai : buying responses are there at lows
[12:14]   Keshav : yes delta seems to kick in
[12:14]   Shai : 8276 spot low against 8272 yesterday
[12:16]   Keshav : bnf needs to take some good volume in this zone
[12:16]   Keshav : otherwise again some rotation
[12:19]   Keshav : might see some fake outs in nf
[12:20]   Sharad : 8300 future possible below 8319 ?
[12:23]   Shai : 2IB
[12:23]   Shai : 8312-8305
[12:23]   Sharad : ok
[12:23]   Shai : I’m wary of that 8305- 8317 zone actually
[12:23]   Shai : just around that 8262 spot
[12:24]   Assortz : 8316 PDL
[12:24]   Sharad : 8270 spot gone
[12:24]   Assortz : we dipped twice there
[12:24]   Assortz : yday
[12:24]   Sharad : 8319 VAL
[12:24]   Assortz : below 8305 may be quick to much spoken 8271..:)
[12:24]   Shai : yes
[12:25]   Shai : Sell volume is suddenly picked up from 8336
[12:25]   Sharad : 8272 assorta
[12:25]   Shai : last candle in amt chart- 128k v/s 1000k
[12:25]   Sharad : Assortz
[12:25]   Shai : 100*
[12:26]   Assortz : ok Sharad
[12:26]   Janak : added in long at 450 / sl 400 – superrisky trade
[12:26]   Sharad : Janak the Hero
[12:27]   Sharad : today you trade like Kris
[12:27]   Sharad : pink both
[12:27]   Janak : when nf was around here bn was around 300 yday
[12:28]   Janak : it is a stronger index of the two today
[12:28]   Janak : hence longs shd work here
[12:28]   Keshav : relative strength oh bnf is good compared to nf
[12:28]   Sharad : yes but if nifty goes 10-20 down then it should go 50-70 here
[12:28]   Assortz : btw couple of heated exchange at adelaide..impressive young lads 🙂
[12:30]   Sharad : i am against Janak now 18472 sold stop 18505 Ib low
[12:30]   Keshav : but we need some volumes in bnf for some upmove
[12:30]   Janak : sharad i am just sticking to the green
[12:31]   Janak : if the pink takes an angle below – i will exit
[12:31]   Sharad : i shorted below Shai rekha
[12:32]   Sharad : yes but BNF is much stronger… and can be bot at fall
[12:34]   Sharad : Janak i give up covered at 18452… not breaking low
[12:34]   Keshav : nf lesson learnt see the otherside of the price action also
[12:37]   Sharad : NF falling …. and BNF janak holding
[12:37]   Janak : those are santa-rally buyers in bn sharad
[12:37]   Janak : they will make a killing after a week
[12:38]   Keshav : santa- rally??
[12:38]   Janak : i remember one such xmas – when a week ago bn was 2000 pts down and during xmas – those guys made a killing
[12:38]   Janak : to start at 18th dec as per shai
[12:39]   Sharad : lets see 2014 santa
[12:39]   Keshav : oh
[12:41]   Keshav : bnf acquring some volumes now
[12:41]   Keshav : some more required
[12:41]   Sharad : wow
[12:42]   Assortz : BNF caught up IBL and NF will do so?
[12:42]   Keshav : now a bounce back from 480 would be a really nice price action for some sustained move up
[12:42]   Janak : 99% yes
[12:44]   Assortz : Shai Can we consider BNF above VWAP with SL below 480?
[12:45]   Sharad : long above shai rekha 18485
[12:46]   Sharad : now stop 18428 2IB
[12:46]   Sharad : NF also green
[12:50]   Janak : booked all longs at 510
[12:51]   Janak : (12:42) Assortz :BNF caught up IBL and NF will do so?
[12:51]   Sharad : vwap se dar gaya
[12:51]   Sharad : crossed vwap
[12:52]   Keshav : m planning to keep it open till 600
[12:52]   Sharad : now it should cross 18650
[12:52]   Janak : bought again at 530 / sl 480 🙂
[12:52]   Sharad : last 3 day high
[12:52]   Keshav : have to cover up some loss early morning
[12:53]   Sharad : 18650 possible because vwap band very high
[12:53]   Shai : yes assortz tat is the IB band trade
[12:53]   Shai : tgt IBH
[12:54]   Assortz : thanks
[12:56]   Assortz : Janak covered it 🙂 ..support at 8305 was good risk reward
[12:56]   Janak : good trade man
[12:57]   Keshav : so a move back to IB warrants any momentum?
[12:59]   Sharad : wild swings BNF
[13:00]   Keshav : so 480 visited again
[13:00]   Keshav : now a break above should warrant some really good move
[13:01]   Keshav : the volumes got accumalated in bnf
[13:01]   Keshav : just wondering why the delta is not picking up
[13:02]   Sharad : never go by BNF delta …. i always see NF delta only
[13:03]   Sharad : Shai what is support in USDINR it started selling from peak 62.71
[13:05]   Keshav : bnf should take a support at vwap
[13:05]   Keshav : then bounce of from there
[13:05]   Keshav : break on the bottom would be bad
[13:07]   Assortz : seems foundation is beind made for post 2 pm drama 🙂
[13:07]   Assortz : *being
[13:09]   Janak : bn delta same as it was at 434 – that means OTF buyer is in?
[13:12]   Assortz : safer trades may be shorts as per hypo and long above PDH..till then wait and watch
[13:12]   Assortz : BNF
[13:12]   Keshav : true
[13:13]   Assortz : especially when IB is smaller..easy to be caught at both end
[13:14]   Shai : move abv vwap not coming
[13:14]   Shai : exit longs
[13:15]   Janak : 🙂
[13:15]   Shai : thsi market is suspect till it stays abv vwap for aft session
[13:15]   Keshav : hmm
[13:15]   Shai : else we can drop even to 8271F
[13:15]   Sharad : yes even NF not touched vwap
[13:15]   Keshav : just banking on the volumes as of now
[13:16]   Shai : nice bounce off 8259 spot
[13:16]   Sharad : (12:52) Sharad :now it should cross 18650
[13:16]   Sharad : sorry wrong message copied
[13:17]   Sharad : (13:03) Sharad :Shai what is support in USDINR it started selling from peak 62.71
[13:17]   Keshav : what is the dark blue dash line at 8336
[13:17]   Sharad : DPOC
[13:18]   Keshav : todays point of control?
[13:18]   Sharad : yes
[13:18]   Sharad : developing point of control
[13:19]   Keshav : calculated on tick basis or candle?
[13:20]   Keshav : particular tick’s volume or candle’s volume?
[13:20]   Sharad : that Shai know
[13:24]   Keshav : is it possible to find out if people are buying or selling at the vwap?
[13:28]   Shai : 62.51 and 62.38 on clsoing today
[13:28]   Shai : friday and may be volatile
[13:29]   Shai : Keshav the amt chart has all the volumes
[13:29]   Shai : volume at price for all prices including vwap
[13:30]   Shai : in the 30 min chart against the price you can also see if the total trades taken there was on buyside or sell side
[13:30]   Keshav : okay
[13:32]   Shai : down from below vwap again
[13:33]   Ravi V P : 8400ce increasing in change in oi and so nifty will bepushed down
[13:33]   Ravi V P : till 8290 nf
[13:36]   Shai : looking to short near 8330 with sl of 8345 for a close at lows
[13:36]   Shai : neutral extreme on close
[13:37]   Shai : tgt is either 8305 or the elsuive 8271
[13:38]   Porus : and bnf?
[13:43]   Janak : shai nf delta crosses 100
[13:43]   Janak : a long wouldn’t be safer?
[13:44]   Janak : or u r banking on -ve delta of bn to drag it down?
[13:44]   Sharad : Thanks shai for iNR
[13:44]   Keshav : a bounce over vwap and support back to it and a break above would be a nice conformation for longs
[13:46]   Sharad : both nf and bnf should be above for buying now
[13:46]   Sharad : above vwap
[13:46]   Ravi V P : 8100-8600 ce writings are on
[13:48]   Ravi V P : delta call 2163675 delta put 1733500
[13:48]   Keshav : what is this measure ravi?
[13:49]   Ravi V P : change in oi for the given day in option
[13:50]   Ravi V P : 8.1 lacs change in oi 6.35 lac volume in 8400ce
[13:51]   Ravi V P : change in oi> Volume:Sell
[13:52]   Shai : Porus BNF not very clear here
[13:52]   Shai : suggest avoid
[13:53]   Ravi V P : ok keshav
[13:53]   Shai : (13:36) Shai :looking to short near 8330 with sl of 8345 for a close at lows
[13:53]   Shai : Jank on NE – (13:36) Shai :neutral extreme on close
[13:54]   Janak : too good
[13:54]   Ravi V P : shai shorted as per call at 8330
[13:54]   Ravi V P : your call
[13:54]   Shai : cool Ravi
[13:54]   Shai : (13:37) Shai :tgt is either 8305 or the elsuive 8271
[13:54]   Shai : Never trust a friday afternoon – take what you get
[13:55]   Sharad : low 8306 very good call Shai
[13:55]   Keshav : oh todays friday
[13:55]   Shai : if we do close at lows anticpatory long calls for next week are a good idea
[14:02]   Janak : unless bn falls below 450 – mkt will not fall below 8300?
[14:03]   Janak : despite huge -ve delta – bn is bought in 450-70 zone
[14:03]   Janak : or maybe a fast 100 pt down move is there
[14:04]   Shai : pdl sl can go down to that 8271
[14:04]   Shai : yes BNF shorting at lows is not paying
[14:04]   Shai : short near vwap has woked
[14:04]   Shai : worked*
[14:05]   Ravi V P : cnxit is used for hammering
[14:05]   Shai : 8247
[14:06]   Shai : longer time frame investors will look to buy dips with nifty value around 8180- 8240
[14:06]   Shai : hence if we get 8271 exchange to ce’s which we will hold for Mon
[14:07]   Shai : first tgt is 8340 spot
[14:08]   Assortz : so hypo short BNF is not advisable today
[14:10]   Shai : yes below 405 can do that tgt
[14:10]   Assortz : thanks
[14:11]   Shai : in the context of the morning auction it looks diff
[14:11]   Shai : sl is 8316 for any trailing shorts
[14:11]   Shai : can close at vwap if 8317 is crossed now
[14:18]   Janak : bought bn at 435 – sl 400 – consider as gone trade
[14:18]   Janak : 480 shd book?
[14:18]   Janak : or hold for vwap
[14:20]   Janak : green comes at 480
[14:30]   Shai : 8278
[14:30]   Shai : Janak if you are looking for overnight carry then accumulate BNF is a good idea
[14:30]   Janak : long?
[14:30]   Shai : sl of 18300 should push it back to 18580 mnext week
[14:30]   Janak : ok
[14:31]   Janak : 8600ce looks wishful for santa rally?
[14:31]   Janak : 5 bucks
[14:31]   Shai : no not good will decay
[14:31]   Janak : ok
[14:32]   Janak : looks like we are done with the low for the series?
[14:32]   Janak : or monday morning has something more?
[14:32]   Shai : maybe
[14:33]   Shai : when BNF is not going down the nifty move is always suspect
[14:33]   Shai : 18300 is the weekly low in BNF
[14:33]   Shai : NF beyong this week’s low
[14:33]   Assortz : exactly
[14:34]   Shai : cuttng shorts – into 8400 ce at 32
[14:34]   Janak : ok
[14:36]   Janak : more grinding in last hour now
[14:36]   Shai : looking like a neutral extreme- so close at lows
[14:37]   Shai : reson to close – is the amt chart
[14:37]   Shai : buy volume is picking up heavily at lows
[14:37]   Shai : 655 v/s 499 k
[14:38]   Shai : does not mean it will not go further but the view is that dips tfrom 8240- 8180 will be bought as this is a bull market afterall
[14:39]   Shai : see the vol excahnge at 8280- 8286
[14:39]   Keshav : too much devastation within the lunch break
[14:39]   Janak : bought bn at 410 with 350 as sl
[14:39]   Janak : might not go well?
[14:39]   Janak : for intra
[14:40]   Janak : 490 may come?
[14:40]   Janak : or vwap
[14:42]   Janak : looks like a goner
[14:43]   Keshav : bnf closed long
[14:43]   Janak : bn delta works like a powerplay 🙂
[14:45]   Assortz : Can we lower SL for BNF from 460?
[14:45]   Assortz : may be 410?
[14:47]   Shai : 8271
[14:47]   Shai : yes
[14:48]   Sharad : 8271 done now what shai
[14:48]   Shai : buy ce’s part her and part at close
[14:48]   Sharad : higher side target
[14:48]   Shai : 8340 to begin
[14:48]   Sharad : ok
[14:50]   Janak : again a contra trade 360 / sl 300
[14:50]   Shai : 8340 is spot
[14:51]   Shai : try booking BNF shorts – 3IB is done
[14:52]   Shai : still 51 point discount
[14:52]   Shai : want to see that at 38 by close today’
[14:52]   Shai : 51 point premium**
[14:54]   Janak : 360-410 – out – bit of loss recovered
[14:55]   Shai : 8626- 8219= 407 points
[15:03]   Shai : 8268
[15:03]   Assortz : 8180 spot seems coming..final destination?
[15:05]   Shai : yes that is where the 31st oct buyers are
[15:05]   Shai : if that breaks then a panic 200 pont fall
[15:06]   Shai : stright down to 7980
[15:06]   Sharad : so no new year buying ???
[15:07]   Assortz : depends on 8180 Sharad 🙂
[15:07]   Sharad : yes
[15:08]   Assortz : today is NF day and BNF not in sync
[15:09]   Ravi V P : 13:46 Ravi V: 8100-8600 ce writings are on
[15:09]   Janak : but by up and down rounds bnf has given a 1000 pts today to trade with
[15:09]   Ravi V P : Still writing is going on being Friday
[15:10]   Ravi V P : shai Nifty covered at 8271
[15:10]   Janak : that green in bn goes to 527
[15:10]   Janak : today or onday
[15:11]   Sharad : 522 VAH
[15:11]   Sharad : today not possible
[15:11]   Assortz : yes 18300-18330 proves to be rock bottom support..but doubt if it will sustain next and break of that is again a quick movement how NF did after 8305 break
[15:12]   Janak : yes assortz – think of it as an instrument – a 1000 pts in a day it gives to trade with man – if one goes deeper / very deeper – what can one do with it!
[15:13]   Janak : it is the finest instrument for traders
[15:13]   Assortz : have to jog 10 miles everyday monring Janak to have stamina to true the swings of BNF 🙂
[15:13]   Janak : but it is not meant for faint-hearted 🙂 as it can bankrupt in eyeblinks :::
[15:13]   Janak : ha ha
[15:13]   Assortz : true true 🙂
[15:14]   Assortz : *true – trade
[15:14]   Janak : i think shai can take some weekend audio classes to let us delve deeper in bn trading? if all agree – pl. mention
[15:15]   Keshav : m in
[15:16]   Assortz : weekend he may be away…we can request for friday evening if he is comfortable
[15:16]   Sharad : yes
[15:16]   Janak : ok anytime is fine – I am in
[15:16]   Porus : Great idea
[15:16]   Ravi V P : Janak: After serious errors, we started trading nf and bnf only when both are in buy or sell level together. never does ulta
[15:18]   Janak : ravi – i am talking about the finer aspects of bn trading which only VT members would know
[15:18]   Ravi V P : ok
[15:18]   Janak : bought bn at 400 for last 10 min trading
[15:18]   Janak : positional separate
[15:19]   Assortz : 460 it may go or even 492
[15:19]   Janak : i would book at 435
[15:19]   Janak : sl at cost
[15:20]   Janak : done
[15:20]   Assortz : you got it..first 2 mins and last 2 mins trades today 🙂
[15:21]   Janak : 🙂
[15:21]   Janak : assortz – i must be the worst trader in this room
[15:21]   Shai : FA at 8363 F tday when crossed will set up the santa rally
[15:21]   Shai : same in BNF at 18620
[15:21]   Assortz : Yes Shai noted FA level for next week action 🙂
[15:21]   Shai : this fall post FA failure at 8540 from RBI
[15:22]   Shai : responsive buying obvious in NF at lows
[15:23]   Janak : nf up 20 pts from day low / bn 100!
[15:23]   Assortz : Janak you are one sort of gut trader. 🙂
[15:23]   Assortz : not worst
[15:23]   Shai : even BNF down at lows there was more buy volume
[15:24]   Janak : assorts – i have completely lost all the trading capital in my account for n no.. of times while trading bn 🙂
[15:24]   Shai : and if delta is green when buy volume is more it meant aggressive market orders to buy
[15:24]   Janak : assortz
[15:24]   Janak : and yet i come back to gamble
[15:24]   Shai : first thing these buyers want to do on Mon is to keep it abv 8271
[15:24]   Assortz : Janak everybody does 🙂
[15:25]   Shai : by themiddle of the week next santa rally should be here
[15:25]   Janak : shai u expect 8700 in santa rally?
[15:25]   Shai : 8700 only if 8500 croses
[15:26]   Janak : do u expect a cross of 8500 😉 ?
[15:26]   Assortz : or 8552 Scene of crime for safer side to target 8700
[15:27]   Shai : I’ll add up abv 8410 Janak
[15:27]   Janak : ok shai got it
[15:27]   Sharad : 8410 spot
[15:27]   Sharad : ?
[15:27]   Shai : first let’s see what happens 8350
[15:27]   Shai : yes 8410 spot should force out some of thse sellers
[15:28]   Sharad : ok sofuture 8450
[15:29]   Janak : OI in 8600ce shows 13 cr
[15:30]   Ravi V P : 58.20 lacs
[15:30]   Shai : Bye all
[15:31]   Shai : Have a nice relaxing weekend
[15:31]   Sharad : bye all
[15:31]   Shai : see you all on Mon
[15:31]   Porus : bye all