General Chat Transcript
Date and Time: January 13, 2015 09:22:17
[08:52] r m : Good Morning folks!
[08:52] r m : http://vtrender.com/levels-and-plan-for-13th-jan/
[08:53] r m : http://vtrender.com/premium/orderflow-charts-and-notes-1201/
[08:54] r m : NF Hypo1 below 8338➜8308➜8280 SL 8363 Hypo2 above 8369➜8422➜8448 SL 8338 JAN Future levels
[08:54] r m : BNF Hypo1 above 18820➜18920➜19020 SL 18764 Hypo2 below 18810➜18720 SL 18865 JAN Future levels
[08:57] Sharad : GM all
[08:59] Porus : GM all
[09:00] RK : GM RM and all
[09:00] Varun : gm friends
[09:00] Varun : new to the forum, so would trouble u amlittle more 😉
[09:01] Sharad : welcome Varun
[09:02] Kathir : Good Morning Shai RM and all friends 🙂
[09:03] r m : Hi RK
[09:03] r m : Welcome Varun
[09:03] r m : Hi Kathir 🙂
[09:04] RK : Welcome Varun..Hi Kathir
[09:04] r m : @Sharad, USDINR constantly responding to your magnet 🙂
[09:05] Sharad : yeah..happy Jan expiry should be very big below 61
[09:05] Kathir : Welcome Varun. Stock market trading everyday is new day..so no worries 🙂
[09:05] Sharad : people say 50 basis rate cut almost certain
[09:06] r m : ok
[09:06] Sharad : time only RR knows
[09:07] Kathir : i thought RM only knows
[09:07] Varun : whr can i access mp charts/developement
[09:08] r m : @Varun, extreme right
[09:08] Varun : got it
[09:08] Varun : thanks
[09:08] r m : welcome
[09:09] Kathir : @RK you came out of como trading then bears took control of crude 🙂
[09:09] r m : No bears in crude, it is Saudi Virus 😀
[09:10] Kathir : 🙂
[09:10] RK : its way back in 2012 Kathir..so not upset now 🙂
[09:10] Sharad : bnf shows 90+ opening
[09:10] Varun : we’ll be opening outside pva, so good chance for a trend
[09:10] Varun : ?
[09:11] Kathir : pva?
[09:11] Sharad : previous value area
[09:12] Varun : previuos value area
[09:12] r m : @Varun, too early to say
[09:12] Shai : GM all
[09:12] Varun : k
[09:12] Kathir : hi shai
[09:12] Shai : Welcome aboard Varun
[09:12] Varun : thanks shai
[09:13] Shai : Please introduce yourself about your trading upto here
[09:13] Varun : i have been trading for last 14 yrs
[09:13] Keshav : gm all
[09:14] Varun : was introduced to market profile and order flow on twitter
[09:14] Shai : great. Thanks
[09:14] Varun : trying to add mp guidance into my present trading style
[09:14] Shai : Open exp to be away from range and value
[09:14] r m : Thanks Varun
[09:18] Kathir : @shai nf spot above 8330 now take some ce now or wait for 30 mins?
[09:20] Shai : wait
[09:20] Kathir : OK
[09:20] Shai : there is weakness if we trade below 8338
[09:20] Shai : open is seeing a selling response
[09:20] RK : first trigger of weakness should be below that 8350
[09:21] RK : where we had that buyer response
[09:21] Shai : there was confusion at the close yesterday in the last 15 mins when all that buying and selling happened togher
[09:21] Kathir : yeah 8252 was a big seller yest
[09:21] Mandar : GM all. Shai view on SUN pharma pls.
[09:22] Shai : sun good abv 835
[09:23] Mandar : 865 possible?
[09:23] Shai : supply at 847 is still there and if that is taken out u should see 896
[09:23] Mandar : ok
[09:23] r m : cnx-it trying to accomodate bn today
[09:23] RK : Shai pls confirm if 481 SL could be fine with Relcap..short at 473
[09:25] Shai : RK can do 486 abv 476
[09:25] RK : Thanks Shai
[09:26] Amit J : shai 80% in banknifty below 880?
[09:26] Shai : possible Amit
[09:26] Shai : Open looks like a drive down
[09:26] Shai : gap up not meeting new buyers and sellers taking advantage
[09:27] RK : and both NF and BNf resisted exactly at H3
[09:27] RK : of cama
[09:27] Shai : positionals will keep an eye on 8320- 8330 spot all day
[09:27] Amit J : but still above 8330 spot
[09:27] Amit J : ok
[09:28] Shai : yesterday’s late buyers may come back at 8338- 8335F
[09:29] Shai : but if tat goes we may see 8280 all over again
[09:33] Shai : not really a strong drive down yet
[09:33] Shai : eyes on vwap for ref
[09:36] Shai : delta picking up
[09:44] Shai : Buy BNF here at 18925-30 for 19020 dl of 18870
[09:44] Sharad : delta is on rocket in NF
[09:47] Shai : surge of buyers
[09:47] Shai : that 8340 zone will play out rest of this week
[09:47] Sharad : means 8340 cash support all week
[09:47] Shai : 8340 F
[09:48] Shai : yes
[09:48] Sharad : ohh good to buy calls ?
[09:48] Shai : add 5 points 8335- 8340
[09:48] Shai : 18976/ 19020 obj for the BNF with sl at day low
[09:50] Sharad : 8300 put writing started heavyily… 3.65 lacs
[09:50] Sharad : where is options master ravi ?
[09:51] Shai : more buyers in BNF now
[09:51] Shai : 965
[09:51] Shai : 970
[09:55] Shai : 18940- 1950 has buyers holding up BNF now
[09:55] Shai : that open drive down has been negated in BNF
[09:56] Shai : this zone in NF between 8340- 8370 has fast changing delta
[09:56] Shai : points to an exchange happening at high levels
[10:12] Rav : GM all
[10:13] r m : Hi Rav
[10:14] Kathir : Hi ravi 🙂
[10:15] Rav : hello
[10:15] Rav : Infy is caught in SBU
[10:15] r m : ok
[10:15] Rav : bnf LBU and NF is cat on wall
[10:16] r m : NF is the cat between 2 rats ➜ infy and bnf 🙂
[10:16] RK : BNF everyday will start and end with rate cut dream 🙂
[10:17] Keshav : 😉
[10:17] r m : the day rate cut comes dream will be already in the price!
[10:17] Amit J : what a fight for vwap
[10:17] RK : RM am picturising that..tow rats chasing a cat..lol
[10:17] Kathir : 🙂
[10:18] r m : @RK, it is more of a cat making up its mind on “which rat to catch intraday” 😀
[10:18] Rav : 8300ce sc and 8400pe writing is relief towards 8400 rather than towards 8300
[10:18] RK : 🙂
[10:20] Rav : max pain at 8300 and expiry is at mid
[10:21] Rav : Shai..NF Font is visible and BNF is small
[10:22] Keshav : http://imgur.com/VhUgokP
[10:22] Keshav : bank nifty price channel
[10:22] r m : Thanks Keshav
[10:23] Shai : Rav in the FP chart?
[10:23] Rav : great now
[10:23] Rav : we can push back chair and see
[10:24] Rav : chat board font matches with that delta FP
[10:25] Shai : ok
[10:26] Shai : 18920 close needed in BNF to maintain yesterday’s momentum
[10:28] RK : yday ES bounced from .61 retrace point of 1984-2062 last swing low and high.
[10:28] Keshav : yep
[10:29] RK : but the open drive fall was quick one in recent times there
[10:38] RK : in camarilla, we have breakout levels and there are days sometimes both side break out levels are breched
[10:38] RK : breached
[10:38] Sharad : Ravi what is meaning of 7800 and 8050 put unwinding ?
[10:38] RK : i.e, one become a whip and later is a actual break out
[10:39] RK : we had such day on Friday..
[10:39] RK : break down happend with a whip of 5 points and by EOD break out happened at 8300
[10:40] Rav : 7800 sc… booking profit
[10:40] RK : when such price action happens, we usually move 2% on the side the actual break out side..
[10:40] Sharad : ok
[10:40] RK : its not a thumb rule but based on my experience 🙂
[10:41] Rav : pe writers are covering that is buying
[10:41] Sharad : ok so nothing major
[10:42] Keshav : @rav how to read this info?
[10:42] Rav : now 7800pe LL .Buyers are selling!!
[10:44] Rav : as long as oi of 8000-8300 pe is strong without liquidation, no worry at all because equivalent ce writing is not happenning above 8400. so no resistence for market for inching up but enough support in between 8000-8300
[10:46] Shai : Rav finest example this series of the Nifty driven by writers
[10:47] Shai : virtually nothing was there is furtures on bias but writers were strong from 8000 pe
[10:48] Rav : 8000-8300pe:22 33 51 from three digits 2 days back
[10:50] Shai : One week OI change options- http://screencast.com/t/t6yvtMzD
[10:51] Sharad : 8300 CE sc started
[10:52] Rav : when sc happens buy and quickly exit for 6-10 points
[10:52] Sharad : so buy around 135 8300 CE ?
[10:53] Rahul G : SC = short unwinding kya ravi ?
[10:54] Sharad : yes rahul
[10:54] Sharad : short covering
[10:54] Rav : pcr:1.45 till it comes to 0.95 sl must not be putup
[10:55] Rav : covering: closing unwinding: releasing
[10:55] Rahul G : thanks sharad and ravi
[10:55] Rav : Long Liquidation: Long unwinding
[11:00] Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/0b50ecbf-fa4a-4032-9a3f-11217d9caace
[11:01] Rav : as long as 8200-8300pe buildup is increasing,8200ce writers will have jittery
[11:04] Rav : 19000-19300 ce SC
[11:08] Kathir : @rm HOW ABT mo NOW
[11:08] Kathir : MO
[11:13] Kathir : nf unable to go above PDH but bnf not allowed to go below PDH
[11:14] r m : @Kathir, MO was at 36 yesterday
[11:15] Kathir : ok ge thanks..so no big drama expected as of now
[11:15] r m : not due to broader markets pressure at least
[11:16] Kathir : ok
[11:17] Keshav : gone short postional
[11:20] Rav : NF is in sell mode until 8453 is taken out on closing basis
[11:21] Rav : 8423
[11:34] RK : BNF delta table working?
[11:34] RK : Yes..its fine now
[11:37] Varun : chances of failed auction in bnf ?
[11:39] Shai : has to make it to IBH to confirm
[11:40] Varun : no but if we stay above iblow at 11.45, set up ?
[11:40] Shai : yes etup is there
[11:40] Shai : setup
[11:42] Shai : 8343 was that low again
[11:42] Shai : sellers at 8365
[11:42] Shai : in BNF – vah showing buyers below the vwap break
[11:44] Shai : es inching up
[11:44] RK : seems NF has convinced buyers than BNf
[11:45] Shai : yesterda 2018 held so it could be bcak to 2055 now
[11:46] RK : Oil is the villain..fading out all postive cues
[11:46] RK : Domestic +ve and Global -Ve tussle in our case 🙂
[11:48] Varun : whts es?
[11:48] Shai : yes Falling oil also destroys the FED’s inflation hope keeping that rate hike under wraps
[11:48] RK : Goldman added fuel to Oil fall
[11:49] Varun : ok sp
[11:49] Shai : spx futures
[11:49] Varun : u guys trade us markets also?
[11:49] Varun : or analysis only ?
[11:50] RK : only analysis myself :)..May be RM has account in swiz to scalp ES :))
[11:51] r m : @RK, many! but forgot the account numbers 🙂
[11:51] Keshav : i would be happy if i have an account just to scalp swiz alps
[11:52] RK : Yeah thats why me and Kathir asking you to appoint us as your assistants to take care passwords and account numbers of all your accounts..:)
[11:53] Keshav : 🙂
[11:53] RK : and the excels you have to do..we can’t even dream of updating so many 🙂
[11:53] r m : @Keshav, you want to scalp the snow off swiss alps, be carful man, that nation depends on snow and tourists too much to allow snow-scalpers 🙂
[11:54] Keshav : lets say surf then
[11:54] r m : @RK, consider yourself appointed “unpaid assistant”, 99% commission on money retrieved from my swiss bank accounts 😀
[11:54] Rav : bought nf at 8350
[11:55] Keshav : or skiing
[11:55] Porus : Shai, BNF beyond vsap can do 80% in IB?
[11:55] Porus : *vwap
[11:57] RK : Rm lol
[11:58] RK : to be careful next drop below IBL
[12:03] Varun : buyers above vwap in nifty
[12:04] Kathir : @RAV WHATS UR TRGT AND sl FOR THIS BUY?
[12:04] Kathir : sorry for caps
[12:04] Rav : 8344 sl
[12:05] Kathir : trgt?? IB high
[12:05] Rav : not fixed
[12:05] Kathir : ok thanks
[12:06] Porus : Rav, what prompted the buy? rying to learn.
[12:06] Kathir : ok me bought some 8500 ce with same SL
[12:08] Shai : Yes Porus abv vwap will do IBH and complete a FA
[12:08] Rav : 8300 pcr of 1.48 and his brothers next from 8200-8000
[12:08] Porus : Thanks
[12:08] Rahul G : shai can I have your view on tcs
[12:11] Shai : tcs imp area now at 2517
[12:11] Shai : a close abv 2517 should send it up to 2584
[12:11] Shai : 2517 remains im all through friday
[12:11] Porus : Shai, tom are Yes Bank results. Is any MP-cased activity visible today?
[12:11] Shai : 2484/ 2423 if it does not stay abv
[12:13] Shai : yes bank good vol at open but nothing since
[12:13] Shai : 779 is imp supp into tom
[12:14] Shai : 754 will come if 779 breaks
[12:14] Shai : 803/ 821 upside abv 779
[12:15] RK : NF good volume here
[12:16] Shai : yes buyers trying to come back in NF
[12:17] Shai : if BNF maked it to IBH it is an FA at lows
[12:17] RK : if the volume sustains hypo 2 should do good
[12:17] Shai : makes**
[12:17] Shai : yes was a no trade zone between 8338- 8369 today based on those volumes seen
[12:19] RK : bears should happily accept that FA and allow it to go up 🙂
[12:19] Shai : 18920 ref line shwoed buyers initially but they came off quickly
[12:19] RK : to short at higher levels at close
[12:21] Shai : more buyers adding up 8358
[12:21] Shai : vol is poor considering we had a gap up
[12:22] Varun : and no follow thru also, even after a gap up
[12:22] RK : may be many are not convinced with this upmove since yesterday afternoon
[12:22] Varun : we had enetered the single prints section of 6th jan, but didnt pierce thru it fast even it being a lvn area, any reasons ?
[12:23] Varun : 8420-8300 is a single printa area of 6th jan ?
[12:23] Shai : yes
[12:23] Shai : thos esigle prints are open excess and often they take time to clear if the NF stays in the zone
[12:24] Varun : i read it tht its alike a baloon
[12:24] Varun : once pierced its like a boom
[12:24] Varun : tough to pierce
[12:24] Varun : at start?
[12:24] Shai : yes often it goes stright through and rotates dwn
[12:25] Varun : hmm
[12:25] Shai : but characteristic is a roatation happens in the zone aways
[12:25] Shai : check BNF profile from 6th Jan
[12:26] Varun : and it also says if single print area is covered back, it means a other time frame sellers/buyers who initated tht area have lost it and a further big move awaits
[12:26] Varun : whr can i chk 6th profile
[12:27] RK : Varun you can browse the VT website
[12:27] r m : http://vtrender.com/wp-content/uploads/2015/01/NF_Compo14.png
[12:27] Varun : thanks
[12:28] r m : welcome
[12:28] r m : there is a daily levels post on the blog by Shai with MP charts
[12:29] Varun : but its for last 4-5 days, if i want to see some 10 days before profile
[12:29] Varun : ?
[12:29] Rav : SL 8318
[12:29] Kathir : @rav SL for your buy
[12:30] r m : @Varun, just find the post in the blog for the next date
[12:30] Shai : you will have to go back a few days on the blog
[12:30] Varun : kk
[12:30] Shai : limitations to posting large areas- screen cannot accomodate
[12:31] Varun : ya, u can make a seperate section on website for paid subscribers to see profiles
[12:32] Rahul G : shsi fa negated now
[12:32] Rahul G : we went below ibl
[12:32] Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/cfa7d01a-3124-42ec-bf17-fd0afeb7e7d0
[12:32] Varun : is tht a rule also for fa set up
[12:32] r m : @Rahul, FA was born dead 🙂
[12:34] r m : Thanks Rav
[12:35] RK : Is that from excel Rav..cool 🙂
[12:35] r m : 🙂
[12:35] Rav : 8306 positional entry
[12:35] Rav : on green line
[12:36] r m : @RK, Rav has the full armoury!
[12:36] Rav : when green ribbomes red,exit will be made
[12:36] Rav : ribbon becomes
[12:36] RK : true RM..to shoot price at any direction 🙂
[12:36] r m : ok Rav
[12:37] Rav : 5 days vwap
[12:39] RK : Rel cap at 468
[12:40] r m : NF vwap bands looking at price disdainfully!
[12:41] Rahul G : r
[12:42] Rahul G : rm could u plz help if the result of indusind is today or nt
[12:42] r m : sure Rahul, will check
[12:43] Varun : ib low broken in nifty
[12:44] r m : @Rahul, Indusind and DCB results today
[12:45] r m : results tomorrow – Yes Bank, LIC HF
[12:45] Varun : shai did sellers dry up below ib break
[12:45] Varun : and we got buyers
[12:45] Rahul G : thanks rm actually on mobile
[12:46] Porus : Today results of Laxmi Vilas Bank and Mah Scooters too.
[12:47] Shai : 18850/ 8340 again buyers
[12:49] Shai : vwap crucial for these buyers to ovrecome
[12:49] Shai : else they will be forced to liquidate
[12:55] Shai : vwap touch coming up
[12:55] Shai : afternoon depends on what happens there
[13:02] Shai : vwap
[13:02] Shai : BNf short by 20
[13:02] Shai : still buyers holding in NF
[13:08] Shai : BNf gets to vwap
[13:09] RK : RM we made finally both the cats to sit on the wall 🙂
[13:09] Shai : long trade in NF comes abv 8369 for 8392/ 8422
[13:09] Shai : sl just below vwap
[13:09] Shai : that supply is just at 8365
[13:12] Shai : see in the amt chart that 29976 is the stuck sellers
[13:12] Shai : mostly limit orders caught below IBL
[13:13] Shai : could be an FA
[13:14] r m : @RK, maybe cat ate both rats and purring on the wall to great satisfaction of Option writers 🙂
[13:16] Shai : 8364 has cover orders
[13:16] RK : Rm 🙂
[13:16] Shai : should march up to 8392
[13:16] Shai : sl is vwap but 8343 is better
[13:18] Rav : bought at 8369 also
[13:18] RK : Shai amt chart is not visible here..am searching for that stuck sellers..can you pls show them if possible just for an idea
[13:19] Porus : Shai, do we have a FA in BNF?
[13:21] Rav : 8350 exited at 8379
[13:21] Amit J : auctioned twice below IB
[13:21] Rav : 8300ce 134 exited at 146.25
[13:22] r m : @Porus, FA needs single prints beyond IB, BNF traded for more than one 30 minute period below IB
[13:22] Shai : RK just before 12.45 column
[13:22] Shai : Porus only in NF now
[13:22] Porus : RM, it traded outside IB for around 25min.
[13:23] Shai : 29976 x 0
[13:23] Shai : at 8336
[13:23] Shai : vwap band stopped a bit – but enough buyers here in NF
[13:24] RK : Yes now we see that chart and those sellers..thanks
[13:24] Shai : welcome
[13:25] r m : @Porus, I find three 30 minute bars lurking below IBL 🙂
[13:25] r m : http://screencast.com/t/ye55ZTgp
[13:25] Shai : BNf profile is a neutral day
[13:25] RK : Shai pls scroll BNF delta table..
[13:25] Shai : close imp now in BNF either vwap or one extreme from here
[13:25] Shai : 18910 now again imp for these buyers
[13:27] Shai : Thanks RK
[13:27] Porus : ThNKS rm
[13:27] Shai : if you don’t see that “A” in the top left corner of the BNF chart please bring to my attention
[13:27] Rav : nf 4.7% and bnf 5% oi added.LBU
[13:27] RK : sure 🙂
[13:31] RK : for the sellers who got stuck, SL may be at day high
[13:33] Porus : Shai, where can I see teh no. of stuck sellers in amt chart? IS it in the heading?
[13:37] Shai : Porus just abv tpo before 12.45
[13:37] Shai : chart on 2nd screen
[13:38] Porus : Oh yes. Thanks
[13:42] Porus : Shai, will these stuck sellers normally attempt to exit today?
[13:42] Shai : they may have exited alreay
[13:43] Shai : most of them will keep stops at vwap or day high
[13:43] Shai : hence when vwap was crossed the upmove took off
[13:43] RK : got it
[13:43] Porus : ok.
[13:44] Shai : (12:55) Shai :afternoon depends on what happens there
[13:44] Shai : ref was to vwap in that conv.
[13:45] Shai : BNF there is still a trde here holding vwap
[13:45] Shai : day type is neutral
[13:45] Porus : yes. Thanks.
[13:45] RK : BNF tgt beyond 19020 pls?
[13:45] Shai : neutral extreme is a close at day highs
[13:45] Shai : RK 19114/ 19256
[14:01] RK : adding sellers here it seems
[14:02] RK : BNF delta back to -ve and pink appears
[14:03] Kathir : low volume day
[14:04] Rahul N : @shai whats your view on yes bank futures, i have long position..
[14:04] RK : even yday
[14:05] Rahul N : @shai whats your view on yes bank futures,i have long position..
[14:05] RK : I think highet number of seller is here at 8376
[14:05] RK : 8highest
[14:06] RK : *highest
[14:06] Shai : Rahul holding 779.5 can go to 802/ 812 this week
[14:06] Shai : but if 779 breaks reverse for 754/ 750
[14:06] Rav : 29/2:14.50+/-1.50:13th-16th .Cat on the Wall situation
[14:08] Rav : 8300PCR OI:1.61 But 8350 PCR OI:0.56 how to cross spot of 8350
[14:10] Rav : Need support from 8300pe writers for 2-3 lacs to push Nifty
[14:10] Varun : huge sellers at 76, offloading ?
[14:10] Varun : 8376
[14:12] Varun : delta turns negative also
[14:12] Shai : yes
[14:12] Shai : upmove running into pressure again
[14:12] Porus : Rav, isn’t 8400pe in need of buildup now? OI is only 18lacs and needs to get to al teast 50 lacs?
[14:12] Varun : so iwe cross 8376 again , strength else bck in grind
[14:13] Varun : whts the implication of delta changing mid day in an upmove to negative
[14:13] Porus : Shai, below PDH, is IB 80% possible ?
[14:13] Shai : This zone is the supply zone 8350- 8420 F
[14:14] Shai : intermediate term sellers
[14:14] Varun : k
[14:14] Porus : *in bnf
[14:14] Shai : you mean 18870?
[14:14] Shai : yes possible
[14:15] Varun : the last digit in 2nd chart in nifty not visible
[14:16] Shai : looks like both NF and BNf want to close at vwap
[14:17] Varun : thnaks, u guys are quick #applause
[14:17] RK : but BNf has made it as trend to make 100 points rotation in last 30 mins..hope we wont have such action today 🙂
[14:17] Varun : typo
[14:19] Kathir : @rk delta will decide that
[14:20] Kathir : @rk looks like more than 100 today 🙂
[14:21] RK : Kathir Yes..seems NFwill also joing the rotation party today..delta all the way down
[14:22] Sharad : Shai in NF hypo2 8369 to 8422 -8448 possible today ?
[14:23] Sharad : gone below vwap… not possible now i think
[14:26] Varun : seems failed auction low will be filled today itself
[14:26] Varun : nf
[14:26] RK : NF delta flying down
[14:27] Porus : Shai, timewise, can the selling hypos still kick in?
[14:27] Sharad : yes heavy movement today in delta
[14:27] Rav : Porus to push,we need at ITM PE Support
[14:28] Varun : if delta is near its min in falling mrkt, is it a bearish signal ?
[14:29] Sharad : should be Varun
[14:30] r m : vwap bands again not excited
[14:30] Shai : No Porus avoid
[14:30] Porus : Ok Shai
[14:32] Kathir : 8388 to 8336 – 8380 – 8330 ..nf dancing
[14:34] Varun : this 324 seller at 8376 ws the spolied sport in the mrkt, order flow rocks
[14:34] Keshav : there is lot of strength into this round of selling
[14:34] Keshav : could be a reversal
[14:35] Kathir : @shai nf spot well below 8320 again?
[14:35] Shai : Yes kathir same ref for close
[14:36] Kathir : ok
[14:37] Kathir : todays close seems to be important for NF bulls?
[14:38] Kathir : to continue upsside momentum further?
[14:38] Kathir : @rav any changes in OI PCR in the last hour?
[14:40] Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/a599d809-c738-4651-9b45-cceb7cf44afa
[14:41] Rav : from 8372 to 8318 still red arrows not disappearing
[14:42] Rav : 8400ce writng effect
[14:43] Kathir : ok rav .this chart bit difficult for me to understand actually
[14:43] Shai : 8280
[14:43] Kathir : ok
[14:43] Mandar : Shai , any unfinished agenda in nifty around 8180 levels?
[14:44] Shai : Yes Mandar the vol expansion points t 8180 now if 8270 breaks tom
[14:44] Mandar : thanks Shai
[14:45] Kathir : shai this levels for nf fut?
[14:46] Shai : nF 8270
[14:46] Shai : delta still down
[14:47] RK : Kathir NF downside 100 done from 20 mins back high
[14:47] Kathir : yeah
[14:48] Kathir : something was fishy there at highs but i didnt use this 🙂
[14:48] Shai : 8279 low
[14:48] Kathir : 80% trade done in both
[14:49] Shai : didn’t expect the drop to happen below vwap band and hence suggested avoid hypo 2
[14:49] Shai : hypo1
[14:49] Shai : rare maove of the market
[14:50] Amit J : shai can we expect days low close
[14:50] Shai : BNF is a neutral extreme
[14:50] Shai : NF a normal variation – cannot confirm NF
[14:51] Rav : covering seems to be happening
[14:51] Shai : NF may just bounce upto 8326 here
[14:51] Shai : sl 8278
[14:51] Shai : BNF what a move – just went the other side of neutral extreme play!!
[14:54] Rahul G : shai with delta -ve u expecting more selling tomorrow
[14:56] Shai : Rahul more selling only if 8270 breaks now
[14:56] Shai : remeber 8280 F from last week- same ref area
[14:59] Shai : 8305 and 8327 res now
[15:02] Shai : recovery efforts being made 58 out of 70 in the delta FP chart
[15:02] Shai : -64/ -112/ -150 last 90 mins
[15:02] Rav : in 8400ce and 8300pe, there is a confusion. volume is mor in both . while put came down ,calls got trapped
[15:03] Shai : the options will react a bit later- this was index F selling
[15:05] Shai : longs taken at 8288-90 exit at 8305
[15:07] Shai : waterfall decline 8370 to 8279
[15:07] RK : nice move to write options at better price before rate cut?
[15:08] Kathir : nf hypo 1 done exactly
[15:08] RK : yday’s sell level 🙂
[15:08] Shai : RK 8170- 8420 range should hold
[15:08] Shai : F
[15:09] Amit J : low at 8280… your old level
[15:09] RK : ok Shai
[15:09] Shai : Yes Amit, it is basically that low volume traded zone from last week of dec
[15:09] RK : we jumped the bus quickly from that 8290
[15:09] Shai : 8280- 8340
[15:16] Shai : sellers senn at 8326
[15:16] Shai : seen*
[15:16] Kathir : @shai basd on this close buy pe for tomrw?
[15:16] Varun : bt the screen only shows 22
[15:17] Shai : Yes Kathir
[15:17] Shai : sl van be 8270F tgt abt 8170 by friday
[15:18] Shai : Varun -28
[15:18] Kathir : ok thanks
[15:18] Varun : ok
[15:19] Varun : since after a pullback,so relevance of thede many ?
[15:20] Varun : these *
[15:20] Shai : yes we call it the scene of the crime from where it broke off
[15:20] Shai : I exp it to be visisted tom but we got in today
[15:20] Varun : ws thr any abnormaloty
[15:21] Varun : typo
[15:21] Shai : yes 8334
[15:21] Shai : BNF shuld do 18840 tom open
[15:21] Varun : hw do we spot abnormality
[15:22] Shai : there is a thin line in NF at 8334
[15:22] Shai : MP chart
[15:23] Varun : isnt tht thin line at 38
[15:24] Shai : 8334 as it was prev low
[15:24] Varun : k
[15:25] Varun : ws it also at 8304
[15:25] Varun : which ws reapired by p profile
[15:25] Varun : repaired
[15:26] Shai : yes that’s right
[15:26] Varun : thanks
[15:26] Varun : ive leart 3 good things in first day
[15:26] Varun : learnt
[15:26] Shai : it’s easy for us to use these areas to ine tune the entries and exits
[15:27] Varun : do abnormalities also act as support and resistance for future days
[15:27] Amit J : shai can u plz explain how to find scene of crime and anomoly post mkt. if possible
[15:28] Shai : Not really, but revisiits are lamost certain
[15:28] Varun : k
[15:28] Shai : sure Amit
[15:28] Varun : someone selling big in closing min
[15:28] Shai : BNF classic 80% rule trade below VAH
[15:29] Varun : nifty also ?
[15:29] Shai : would have preferred some slow motion there to exploit it
[15:29] RK : Hope Porus done it 🙂
[15:29] Varun : hahaha
[15:29] Shai : yes Nifty also
[15:29] Porus : Hope so too.
[15:29] Varun : thr were so many things happening, tht boom it went
[15:29] Porus : 🙂
[15:29] Varun : but ths market
[15:30] Shai : 18830 ref area tom for a short if OF permits
[15:30] Shai : could go down to 18610 quickly in 1-2 sessions with sl abv 18930
[15:31] Varun : great seesion ands thanks fr the guidance
[15:31] RK : ok bye all..time to take a deep breath 🙂
[15:31] Mandar : bye all.
[15:31] Varun : session
[15:31] Kathir : Thanks and bye all
[15:31] Porus : bye
[15:31] Varun : the volume profile u hve when mp profile goes, is it fr any relevance to us’
[15:32] Varun : ?
[15:32] Keshav : good day everyone
[15:32] Shai : Yes
[15:32] r m : Thanks and bye folks, have a great evening 🙂
[15:32] Varun : hw can we view it
[15:32] Varun : and whts its relevance
[15:32] Shai : Amit scene of the crime is the area of heavy volume between 8345 ad 8325 on this amt chart nw
[15:33] Amit J : ok
[15:33] Shai : see sellers came in 8345
[15:33] Shai : 47 k
[15:33] Shai : 8600
[15:33] Shai : 16600
[15:33] Varun : not able to view it
[15:33] Shai : 9575
[15:33] Varun : thrs nothing thr
[15:33] Shai : screen 1 now
[15:33] Amit J : max vol is at 8327 right
[15:33] Shai : then buyers tried to defend
[15:34] RK : great
[15:34] Shai : then 10525 is where the trapped buyers gave up
[15:35] Amit J : so which level is the most imp for future reference
[15:35] Amit J : 8345?
[15:35] Shai : 8335
[15:36] Shai : but in this exapmple it is traded over a 12 poin range
[15:36] Shai : so 8333- 8345
[15:36] RK : 8345 first set of buyers left
[15:36] Varun : whr r the 10535 buyers
[15:36] Shai : Now down at the lows 8280
[15:38] RK : thanks and bye Shai
[15:38] Shai : Varun right where my cursor is
[15:38] Shai : 10525 on sell side next to 0
[15:38] Shai : that is all the buy orders exiting
[15:39] Shai : market covered thar qty in the next trade at 30026
[15:39] Varun : but this chart is not visible to us
[15:39] Amit J : since no buyers so it revisited and repaired right?
[15:39] Shai : it’s the same as the FP chart
[15:39] Varun : k
[15:39] Shai : only this is volume placed and that is trade size
[15:40] Varun : so over experiece
[15:40] Varun : a near 100 is abig seller buyer
[15:40] Varun : as per fp chart
[15:40] Shai : es Amit what happens on the revisist is the stuck buyer getting a chance to exit or add
[15:41] Shai : since time ran out we will know only tom 🙁
[15:41] Amit J : sure.. thanks
[15:41] Varun : but dalton says tht if stuck buyer doesnt get a chance he mite have to lower the price to great extent to offlaod
[15:42] Shai : Varun these are multi day players and all realtive to their TF
[15:42] Varun : k
[15:42] Shai : Bye all
[15:42] Varun : bye
[15:42] Shai : will post chart in prem section
[15:42] Amit J : thanks for your time and good bye
[15:42] Shai : have a nice eve
[15:43] Shai : Welcome Amit
[15:43] Keshav : bye all