General Chat Transcript
Room Name: Vtrender
Date and Time: April 13, 2015 09:10:26[08:41] r m : Good Morning folks!
[08:41] r m : http://vtrender.com/levels-and-plan-for-13th-april/
[08:41] r m : http://vtrender.com/premium/orderflow-charts-and-notes-100415/
[08:41] r m : http://vtrender.com/weekly-profiles-nf-and-bnf/
[08:42] r m : Nifty APR Future levels Key Reference Area 8787 Hypo1 below 8784➜8760➜8732 SL 8809 Hypo2 above 8804➜8834➜8877 SL 8784
[08:42] r m : Banknifty APR Future levels KRA 18826 Hypo1 below 18740➜18670➜18614 SL 18825 Hypo2 above 18826➜18960➜19056 SL 18740
[08:42] r m : Nifty Spot Weekly levels Support 8730/8672-8688/8580 Resistance 8912/9065
[08:43] r m : Banknifty Spot Weekly levels Support 18680/18598/18400 Resistance 19200/19274/19370
[08:43] Porus : GM RM and all
[08:44] r m : Hi Porus
[08:49] Vishal : GM All
[08:49] Vishal : I am Vishal, My 1st day @ VTrender
[08:50] r m : Hi Vishal, welcome to Vtrender
[08:50] Vishal : Thanks
[08:56] Ashish : GM all
[09:01] Tejpreet : GM All.
[09:04] Shai : GM all
[09:06] Sharad : HI GM all
[09:11] RK : GM Shai,RM and all
[09:12] Shai : Friday was a day of poor volume and insie day
[09:12] r m : Hi RK
[09:13] Shai : 8834 and 8787 again 2 ref lines for intra in F
[09:13] Shai : weekly view on spot updated on blog
[09:13] Shai : last week’s resistance at 8673 spot now support
[09:16] RK : Mkt late today?
[09:16] r m : market on time 🙂
[09:16] r m : charts not refreshing here
[09:17] RK : NEST too got stuck..had to reboot 🙂
[09:17] r m : ok, here NEST did not go on strike 🙂
[09:18] RK : 🙂
[09:20] Shai : charts up?
[09:20] r m : Yes
[09:20] Sharad : yes
[09:20] Shai : ok thanks.
[09:22] Shai : NF pushed back into value at open
[09:22] Shai : VAL at 8788 ref now
[09:30] Shai : very much an open auction within value
[09:30] Shai : Not a great edge in opening a new position yet for intra
[09:33] Varun : @shai hw can we know whether volumes abv par or below par
[09:33] Varun : any ref
[09:38] Shai : yes that 15 min candle vlume is avg 300000
[09:39] Kathir : Hi Shai RM and all friends
[09:39] r m : Hi Kathir
[09:39] Sharad : Hi kathir
[09:39] Varun : thanks shai
[09:39] Varun : leaving the first 15 min ?
[09:40] Shai : at opens in IB hour however it is avg 450000 and more if OTF present
[09:40] Shai : 300000 is more like day avg
[09:40] Varun : ok
[09:40] Shai : 180000 now with about 4 mins left
[09:42] Tejpreet : Shai how does m&m look for shorting.
[09:42] Sharad : Shai Voltas what price can buy ?
[09:44] Shai : M_M dropping to 1247 / 1241 cash
[09:44] Shai : sl few points abv 1281
[09:45] Shai : 1287 better positional stop and can drop big if 1241 breaks this week
[09:47] Tejpreet : Thanks Shai.
[09:47] Ashish : Thanks Shai
[09:47] Shai : Voltas has supply at 311- 314
[09:48] Sharad : ok Thanks
[09:48] Shai : can be a good buy is dip comes at 295 or 300.1
[09:48] Sharad : ok sure
[09:49] Shai : see that last 15 mins vol in the FP chart is 231975
[09:49] Shai : shows a market now having larger time frame
[09:49] Shai : Not**
[09:49] Varun : wht do we mean by larget time frame?
[09:50] Varun : u mean dtf
[09:50] Varun : and no otf ?
[09:50] Shai : OTF
[09:50] Sharad : volume is low then how can we say larger time frame is there
[09:50] Varun : so more of rotation mrkt
[09:50] Sharad : ohhh not there fine yes
[09:50] Varun : unless some candle does a 6 lac type
[09:51] Shai : yes but should followup also and not be one big one
[09:52] Shai : From a larger positional perspective- at this price it is now upto the seller to come and show responsive selling, else the buyers will take it higher
[09:56] Sharad : Shai VIX 4% plus…what is effect
[09:57] Shai : earnings
[09:57] Sharad : ok so expecting more volatility
[09:58] Shai : 15.4 is breakout level in vix
[09:59] Ashish : Guys, whihc site you are referrring for vix xharts
[09:59] Sharad : ok
[09:59] Ashish : charts*
[09:59] Shai : should move to 18 and 19.4
[09:59] Shai : if taken out
[10:03] Vishal : @ Shai… view on NMDC?
[10:04] Sharad : NF premium reduced to 20
[10:28] Shai : was out for a while
[10:28] Shai : NMDC reaching supply at 139.4
[10:29] Shai : price action is not very conclusive here but can come back down to 134 with sl abv 141
[10:29] Rahul G : shai view on BHEL and tatapower
[10:29] Rahul G : plz
[10:30] Vishal : ok thanks
[10:31] Shai : BNF is weakening
[10:31] Shai : needs quick buyers
[10:32] Amit J : waiting for cpi nos
[10:33] Shai : Bhel is good abv 233 all week
[10:34] Tejpreet : Amit CPI numbers post close ?
[10:34] Sharad : what time isCPI numbers coming ?
[10:34] Shai : push is to 258 but minor supply still at 241
[10:34] r m : @Tejpreet, 1730
[10:34] Shai : but holding 227 can give you that 258 to begin with
[10:34] Tejpreet : Thanks RM.
[10:34] r m : welcome
[10:36] Ashish : @Shai, is there a failed auction in banknifty @ day’s low
[10:36] Tejpreet : Shai the kra lvls and hypo have to be followed as an when they come …like now BN is buy above 826 …
[10:36] r m : Only if it goes back to IBH
[10:36] Shai : tata powerpush is to 82.8 but wait fr a pull back to buy than here
[10:37] Shai : good buy around 77.5 all week’ sl below 74
[10:38] Shai : Tejpreet can use a bit of discretion some times
[10:38] Shai : like in this case a buy abv val at 18847 is better
[10:39] Tejpreet : Ok got that …thanks.
[10:42] Ashish : Shai, please advise regarding L&T.
[10:43] Amit J : cpi today post mkt at 5.30
[10:43] Amit J : should be a negative surprise
[10:44] Rahul G : thanks shai
[10:46] Shai : LT on track for 1821/ 1844- buy in dips to 1755 all week with sl below 1718
[10:46] RK : Amit negative in numbers or sentiments 🙂
[10:47] Amit J : negtive surprise means higher no.
[10:48] RK : thanks..
[10:48] r m : Yes Amit, expected higher food inflation
[10:49] Shai : But remember tom is mkt holiday
[10:49] RK : sp spike up to be handled with caution
[10:49] Shai : so move has to come today
[10:49] RK : *so
[10:51] Shai : 14th April and 1st may are the 2 holidays left now till sept
[10:52] Shai : http://www.nseindia.com/global/content/market_timings_holidays/market_timings_holidays.htm
[10:56] Shai : Sell BNF 18820 sl 18860 tgt 18760/ 18710. Go with 50% qty only
[11:02] Shai : trigger came
[11:02] Ashish : What trigger Shai??
[11:03] Shai : 18820
[11:03] Ashish : Ok for short, thanks
[11:04] Amit J : shai your view on axis and icici. not participated in entire rally. can it be a good short
[11:07] Amit J : RM can you share your clientwise activity sheet and MO sheet. Thanks in adv
[11:07] Shai : axis 575 was an objective for me for the rise from 555 but has not shown movement abv 575
[11:08] Shai : gets weaker below 560 and can drop to 553/ 540 . 553 to 540 should be quicker
[11:09] Shai : icici bank is weaker for 310 from here sl of 326
[11:10] r m : @Amit, http://tinyurl.com/OIAnalysis2015
[11:11] r m : http://tinyurl.com/McOsc
[11:12] Amit J : Thanks RM and shai
[11:14] Amit J : even your view on acc for short. hearing poor nos
[11:14] r m : welcome
[11:15] RK : ACC results tomorrow
[11:15] Shai : acc 1605- 1612 band is now support
[11:16] Shai : can fall to 1540 is broken
[11:16] Shai : log liquidation at 1670 rather than active selling – so one visist to 1670 can also come if 1605 holds
[11:24] Amit J : thks
[11:41] Vishal : SL triggered in BNF
[11:43] Shai : stop taken
[11:47] Kathir : @shai is 18870 bnf spot big resistance still?
[11:53] Shai : yes
[11:53] Kathir : ok thanks
[12:00] Shai : sudden surge
[12:00] Shai : 8834 vpoc res
[12:00] Shai : F
[12:05] Shai : Buyers coming in NF
[12:06] Hemant : Hello Shai
[12:07] Hemant : Time toget on calls or puts?
[12:07] Hemant : to get*
[12:07] Shai : Buy NF for 8848/ 8877 sl of 9791
[12:07] Shai : sl of 8801
[12:08] Shai : Hemant when the OF is green and you see green delta in pane it is buyers moving the index up
[12:09] Shai : can also keep buy trigger near 8824
[12:10] Hemant : Got it, many thanks
[12:16] Shai : trail the move up
[12:16] Shai : sl 8840 now
[12:17] Shai : sl 8847
[12:20] Shai : sellers in NF now- exit all longs
[12:21] Kathir : can we go short here shai?
[12:25] Shai : ok 8844 and 8827 sl day high + few
[12:25] Shai : BNF weekly – http://screencast.com/t/hXXwVrqHa
[12:25] Kathir : ok
[12:26] Kathir : @rav here?
[12:30] Shai : support moved to 8834
[12:30] Shai : test of 8834 F is another buy
[12:30] Shai : Inside day breakout- so lookig to position on long side
[12:31] Shai : abv 8877 can stretch to 8927
[12:32] RK : we are close to two obj – above 8673s cl – 8830s obj and above 8796F close – 8882f obj 🙂
[12:34] Shai : Buy BNF in 2 parts : one here at 18930 and another at 18885 sl 18840 tgt 19050
[12:36] Shai : 4th day of volume added abv 8670 spot now 8900 spot is looking good
[12:36] Shai : If the seller does not come – the buyer will keep pushing it up
[12:48] Ashish : Shai, M&M and Voltas moving down…Thanks for the morning update on these
[12:49] Shai : welcome 🙂
[12:52] Hussain : shai today was again perfect 1b setup
[12:52] Hussain : 1b)In an up trending market, when the current session opens above the previous day’s VA enter a long trade at the previous day’s VAH and again at the previous day’s POC placing a protective stop for both trades below the previous day’s VAL
[12:53] Kathir : 12:48 r m: meanwhile MO is at 91 😀
[12:57] Amit J : shai surprise to see you positive when MO is 80+ for 2 days now. any reason
[13:01] Kathir : @amit – 12:54 r m: Shai said the other day that better way to trade MO is by writing calls covered with OTM buy call
[13:01] Kathir : info
[13:02] r m : @Amit, broader market is like those gun-happy guys in wild west movies 😀
[13:02] r m : http://screencast.com/t/KbQRV5Av
[13:05] Amit J : yes but in current case we moved from oversold to overboughy
[13:05] Amit J : similar to sept 11
[13:06] Ashish : Shai, Jubilant foodwork levels please.
[13:06] Shai : Amit not going 100% in longs as risk of move down is there, but price is moving up still strongly with No selling response
[13:07] Shai : THanks RM- That is a nice chart of MO
[13:08] Amit J : ok
[13:09] r m : Welcome Shai, this is one of the various datasheets we maintain here 🙂
[13:10] Tejpreet : Shai in BN can we go short on break of 18890 ie vah , poc and ibh all broken for quick 50 points.
[13:10] Shai : jublfood may drop to 1573- 1564 supp below 1626
[13:10] Shai : 1573- 1564 is a nice band to initiate longs with sl below 1538 for 1690 positional
[13:11] Shai : Interesting period again in NF at 8834
[13:12] Ashish : Thanks Shai..
[13:12] Shai : BNF also in an area where the morning buyers have to respond
[13:13] Shai : 18935 – That 2 week seller has to be taken out on this move up at 18970
[13:20] Shai : RM- just checked that Nifty range when MO did those value: price move was similar to this one 11 straight sessions holding vah
[13:20] r m : ok, thanks
[13:21] Shai : +1 : (12:52) Hussain :1b)In an up trending market, when the current session opens above the previous day’s VA enter a long trade at the previous day’s VAH and again at the previous day’s POC placing a protective stop for both trades below the previous day’s VAL
[13:21] r m : those MP chats look like an escalator 🙂
[13:21] r m : *charts
[13:24] Amit J : thanks RM and Shai
[13:25] Shai : Place an exit on the BNF longs trade at 18955 F. We will trade again when break confirms
[13:30] r m : This is Jan 2012 when MO touchd 120, even though broader market cooled down after that, Nifty climbed from 4800 to 5600
[13:30] r m : http://screencast.com/t/uypG8QCTCg
[13:31] r m : but PE in those good old days was below 18
[13:31] r m : now it is above 23
[13:32] Shai : 18955
[13:32] Shai : Not sure if the BNF wants to get abv 18970 though it did the right thing by going to 18990 and bouncing
[13:32] Shai : 18890*
[13:33] Shai : that seller is weakneing now at 18970
[13:33] Shai : but looks still active
[13:35] Amit J : shai above 575 what would be objective in axis
[13:35] RK : 584 quick
[13:37] RK : F
[13:37] r m : @RK, looks like you were gazing at Axisbank only, such a quick reply 🙂
[13:38] RK : in my list RM :)..playing long since it closed weekly above 567 s
[13:38] Shai : 598 possible in axis over 577
[13:38] r m : @RK, OK 🙂
[13:40] RK : BNF also with long since that breakout..our original plan on first day of breakout was to buy dips close to 18860 for 19050 obj..I think its playing out today..wont surprise if we hit 19128
[13:41] Varun : @shai just saw ur tweet regarding mo
[13:41] r m : ok
[13:41] Varun : does it mean we could go to 120-130 levels
[13:42] Varun : or maximum we stay for around 10-11 days
[13:43] Mandar : Shai, there is FA in Axis bank?
[13:43] Shai : Not saying that Varun but has abeen a quick turnaround from -70 only 11 sessions
[13:44] Amit J : 1603 acc
[13:44] Shai : Mandar Nice spot . Won’t call it an FA but it is a mormal day
[13:44] Shai : Normal day
[13:44] Varun : normally how many days can we stay around 80-85 ?
[13:44] Mandar : ok
[13:44] Shai : both day high and low
[13:45] Shai : IT tells us that OTF is getting interested in price action in axis now but views are still divergent
[13:46] Shai : Varun has not stayed abv 80 for more than 2 sessions in 9/10 cases I think from memory
[13:46] Mandar : shai,i mean todays low in axis bank was fa?
[13:46] Shai : Mandar day high also after that is a potential FA setup
[13:47] Shai : but yes so far low is an FA
[13:47] Mandar : ok
[13:48] Shai : That xit in BNF now lookig proper- Break abv may have to wait for some more time
[13:50] Shai : 18874 supp for morning longs
[13:50] Shai : can drop to 18812 if ut breaks
[13:51] Varun : once in june 2014, didnt it stay around 93-97 for long ?
[13:54] Shai : Varun will look it up
[13:55] Shai : 8834 ref line into the close
[13:57] Shai : BNF again mostly inside – at one time it looked like going down to 18760 again when it came below 18825 trapping shorts including us
[13:59] r m : vwap taken
[13:59] Shai : sellers in NF also
[14:00] r m : looks like somebody got a pre-view of CPI data 😀
[14:01] Shai : 18820
[14:01] Shai : 8816 -8810 supp
[14:01] Shai : can drop to day low below it
[14:02] Amit J : @rm fm hinted on CPI yesterday that it will be very high
[14:02] Amit J : i pointed in morning
[14:02] Shai : yes
[14:03] Shai : Sell NF 8820 sl 8837 tgt 8790
[14:06] Hussain : buyer in sleep mode seller in away mode
[14:08] Shai : lol
[14:09] Shai : exit NF – stop
[14:09] Vishal : NF stop taken
[14:11] Shai : No conviction on that move up to 8838
[14:12] Hemant : This effectively becomes a trap?
[14:13] Shai : not yet
[14:14] Hemant : On the long side at the moment
[14:14] Shai : ok- No close abv 8795 spot is still good
[14:15] Shai : besides NF has a habit of closing at highs
[14:16] Amit J : shai your view on deltacorp plz
[14:20] Ashish : charts not updating
[14:21] Shai : test
[14:21] Shai : coming back..
[14:24] Shai : delta 89.2 supp res at 95
[14:24] Shai : can do 102 is 89 holds
[14:25] Amit J : ok
[14:28] Hussain : one mor spike n seller can take over seeing bears
[14:29] Hussain : shai FP complete confusing ;-(
[14:29] r m : bhago bhaloo aaya 🙂
[14:29] Shai : 8938 excess of 13th Mar
[14:30] Shai : 8882 seller of 19/03
[14:30] Shai : 8898 anomaly
[14:36] RK : RM we have just less than an hour to close..can you pls switch off those machines which you forgot 🙂
[14:37] Shai : one more close at highs
[14:38] r m : @RK, lost the remote 😀
[14:38] RK : oh my 🙂
[14:47] Shai : adv-dcl good today also
[14:48] Shai : there is a trade here to 8882 but risky at 8858 with 40 mins left
[14:48] Shai : we will let that pass
[14:57] Shai : 8800 pe adding heavily today
[14:58] Shai : 8500 pe and 9000 ce now have almost the same OI
[14:59] Shai : On this close we stick with 9065 Nifty tgt as 8500 PE OI appaears stronger
[14:59] Shai : Because the MO is that high there may be a fast dip in one of the coming sessions but it may be used to add longs
[15:00] Shai : BNF is well balanced and looking to close near 18880
[15:00] Shai : NF wants to close at highs
[15:01] Ashish : M&M at day’s low
[15:09] Shai : steady still at 8862
[15:10] Shai : where did the sellers of March go? 🙂
[15:10] Amit J : covering 🙂
[15:10] RK : on vacation may be to comeback in May 🙂
[15:11] Amit J : shai i remember your 8260 call. it was just amazing.
[15:14] RK : If am right ACC was trading exactly at same level when last quarter results day..one quarter gone with all ups and down and back to square
[15:14] r m : tread mill!
[15:15] RK : 🙂
[15:16] Amit J : banknifty getting rejected at vwap before 2 imp event. s&p review and CPI data
[15:17] Shai : BNF little disappointing not taking out 18970 today
[15:17] Shai : a triple inside now
[15:18] Amit J : both event are imp
[15:19] Amit J : last 3 days almost same top in spot in bn
[15:19] Shai : snp should follow Moody?
[15:20] Amit J : no. they are already on positive outlook. they will mostly give a wait comment means hittle negative comments
[15:22] Amit J : *little
[15:22] Shai : ok
[15:24] Amit J : shai any indication of cpi data from order flows
[15:24] Shai : BNF is well balance dactually for a 400- 500 point move from here
[15:25] Shai : No Amit OrderFlow driven up by responsive buying- could be shorts going out
[15:25] Amit J : ok
[15:25] Shai : **Price driven up…
[15:26] Shai : looked like prop shops did that move at 12.30
[15:26] Hussain : tomorrow market closed?
[15:26] Amit J : yes
[15:26] Shai : they could be long today
[15:28] Shai : timid close
[15:28] Shai : action was at 12.30
[15:28] Shai : algos drove it
[15:29] Amit J : delta days high
[15:30] Shai : buyers at close
[15:30] RK : thanks and bye all
[15:30] Hemant : Added some calls
[15:30] Shai : bye all
[15:30] Vishal : shai
[15:30] Shai : Have a nice evening
[15:30] Vishal : few mins pls
[15:30] Tejpreet : Bye All.
[15:30] r m : Thanks and bye folks, have a great holiday 🙂
[15:31] Ashish : Bye All
[15:31] Amit J : Vishal you need to post little early if you have some query
[15:31] Amit J : shai must have left
[15:31] Shai : am here – will respond
[15:32] Amit J : looks like he exited 🙂
[15:33] Vishal : ok
[15:33] Vishal : Bye all
[15:33] Vishal : Shai is there responding my queries
[15:33] Amit J : yes
[15:33] Amit J : shai he live
[15:35] Hemant : Have a great day ahead. Ty Shai, I hope this time I’m sort of on the right side of the market
[15:35] Hemant : 🙂
[15:37] Hussain : thanks
[15:37] Hussain : bye all
[15:38] Shai : bye all
Date and Time: April 13, 2015 09:10:26[08:41] r m : Good Morning folks!
[08:41] r m : http://vtrender.com/levels-and-plan-for-13th-april/
[08:41] r m : http://vtrender.com/premium/orderflow-charts-and-notes-100415/
[08:41] r m : http://vtrender.com/weekly-profiles-nf-and-bnf/
[08:42] r m : Nifty APR Future levels Key Reference Area 8787 Hypo1 below 8784➜8760➜8732 SL 8809 Hypo2 above 8804➜8834➜8877 SL 8784
[08:42] r m : Banknifty APR Future levels KRA 18826 Hypo1 below 18740➜18670➜18614 SL 18825 Hypo2 above 18826➜18960➜19056 SL 18740
[08:42] r m : Nifty Spot Weekly levels Support 8730/8672-8688/8580 Resistance 8912/9065
[08:43] r m : Banknifty Spot Weekly levels Support 18680/18598/18400 Resistance 19200/19274/19370
[08:43] Porus : GM RM and all
[08:44] r m : Hi Porus
[08:49] Vishal : GM All
[08:49] Vishal : I am Vishal, My 1st day @ VTrender
[08:50] r m : Hi Vishal, welcome to Vtrender
[08:50] Vishal : Thanks
[08:56] Ashish : GM all
[09:01] Tejpreet : GM All.
[09:04] Shai : GM all
[09:06] Sharad : HI GM all
[09:11] RK : GM Shai,RM and all
[09:12] Shai : Friday was a day of poor volume and insie day
[09:12] r m : Hi RK
[09:13] Shai : 8834 and 8787 again 2 ref lines for intra in F
[09:13] Shai : weekly view on spot updated on blog
[09:13] Shai : last week’s resistance at 8673 spot now support
[09:16] RK : Mkt late today?
[09:16] r m : market on time 🙂
[09:16] r m : charts not refreshing here
[09:17] RK : NEST too got stuck..had to reboot 🙂
[09:17] r m : ok, here NEST did not go on strike 🙂
[09:18] RK : 🙂
[09:20] Shai : charts up?
[09:20] r m : Yes
[09:20] Sharad : yes
[09:20] Shai : ok thanks.
[09:22] Shai : NF pushed back into value at open
[09:22] Shai : VAL at 8788 ref now
[09:30] Shai : very much an open auction within value
[09:30] Shai : Not a great edge in opening a new position yet for intra
[09:33] Varun : @shai hw can we know whether volumes abv par or below par
[09:33] Varun : any ref
[09:38] Shai : yes that 15 min candle vlume is avg 300000
[09:39] Kathir : Hi Shai RM and all friends
[09:39] r m : Hi Kathir
[09:39] Sharad : Hi kathir
[09:39] Varun : thanks shai
[09:39] Varun : leaving the first 15 min ?
[09:40] Shai : at opens in IB hour however it is avg 450000 and more if OTF present
[09:40] Shai : 300000 is more like day avg
[09:40] Varun : ok
[09:40] Shai : 180000 now with about 4 mins left
[09:42] Tejpreet : Shai how does m&m look for shorting.
[09:42] Sharad : Shai Voltas what price can buy ?
[09:44] Shai : M_M dropping to 1247 / 1241 cash
[09:44] Shai : sl few points abv 1281
[09:45] Shai : 1287 better positional stop and can drop big if 1241 breaks this week
[09:47] Tejpreet : Thanks Shai.
[09:47] Ashish : Thanks Shai
[09:47] Shai : Voltas has supply at 311- 314
[09:48] Sharad : ok Thanks
[09:48] Shai : can be a good buy is dip comes at 295 or 300.1
[09:48] Sharad : ok sure
[09:49] Shai : see that last 15 mins vol in the FP chart is 231975
[09:49] Shai : shows a market now having larger time frame
[09:49] Shai : Not**
[09:49] Varun : wht do we mean by larget time frame?
[09:50] Varun : u mean dtf
[09:50] Varun : and no otf ?
[09:50] Shai : OTF
[09:50] Sharad : volume is low then how can we say larger time frame is there
[09:50] Varun : so more of rotation mrkt
[09:50] Sharad : ohhh not there fine yes
[09:50] Varun : unless some candle does a 6 lac type
[09:51] Shai : yes but should followup also and not be one big one
[09:52] Shai : From a larger positional perspective- at this price it is now upto the seller to come and show responsive selling, else the buyers will take it higher
[09:56] Sharad : Shai VIX 4% plus…what is effect
[09:57] Shai : earnings
[09:57] Sharad : ok so expecting more volatility
[09:58] Shai : 15.4 is breakout level in vix
[09:59] Ashish : Guys, whihc site you are referrring for vix xharts
[09:59] Sharad : ok
[09:59] Ashish : charts*
[09:59] Shai : should move to 18 and 19.4
[09:59] Shai : if taken out
[10:03] Vishal : @ Shai… view on NMDC?
[10:04] Sharad : NF premium reduced to 20
[10:28] Shai : was out for a while
[10:28] Shai : NMDC reaching supply at 139.4
[10:29] Shai : price action is not very conclusive here but can come back down to 134 with sl abv 141
[10:29] Rahul G : shai view on BHEL and tatapower
[10:29] Rahul G : plz
[10:30] Vishal : ok thanks
[10:31] Shai : BNF is weakening
[10:31] Shai : needs quick buyers
[10:32] Amit J : waiting for cpi nos
[10:33] Shai : Bhel is good abv 233 all week
[10:34] Tejpreet : Amit CPI numbers post close ?
[10:34] Sharad : what time isCPI numbers coming ?
[10:34] Shai : push is to 258 but minor supply still at 241
[10:34] r m : @Tejpreet, 1730
[10:34] Shai : but holding 227 can give you that 258 to begin with
[10:34] Tejpreet : Thanks RM.
[10:34] r m : welcome
[10:36] Ashish : @Shai, is there a failed auction in banknifty @ day’s low
[10:36] Tejpreet : Shai the kra lvls and hypo have to be followed as an when they come …like now BN is buy above 826 …
[10:36] r m : Only if it goes back to IBH
[10:36] Shai : tata powerpush is to 82.8 but wait fr a pull back to buy than here
[10:37] Shai : good buy around 77.5 all week’ sl below 74
[10:38] Shai : Tejpreet can use a bit of discretion some times
[10:38] Shai : like in this case a buy abv val at 18847 is better
[10:39] Tejpreet : Ok got that …thanks.
[10:42] Ashish : Shai, please advise regarding L&T.
[10:43] Amit J : cpi today post mkt at 5.30
[10:43] Amit J : should be a negative surprise
[10:44] Rahul G : thanks shai
[10:46] Shai : LT on track for 1821/ 1844- buy in dips to 1755 all week with sl below 1718
[10:46] RK : Amit negative in numbers or sentiments 🙂
[10:47] Amit J : negtive surprise means higher no.
[10:48] RK : thanks..
[10:48] r m : Yes Amit, expected higher food inflation
[10:49] Shai : But remember tom is mkt holiday
[10:49] RK : sp spike up to be handled with caution
[10:49] Shai : so move has to come today
[10:49] RK : *so
[10:51] Shai : 14th April and 1st may are the 2 holidays left now till sept
[10:52] Shai : http://www.nseindia.com/global/content/market_timings_holidays/market_timings_holidays.htm
[10:56] Shai : Sell BNF 18820 sl 18860 tgt 18760/ 18710. Go with 50% qty only
[11:02] Shai : trigger came
[11:02] Ashish : What trigger Shai??
[11:03] Shai : 18820
[11:03] Ashish : Ok for short, thanks
[11:04] Amit J : shai your view on axis and icici. not participated in entire rally. can it be a good short
[11:07] Amit J : RM can you share your clientwise activity sheet and MO sheet. Thanks in adv
[11:07] Shai : axis 575 was an objective for me for the rise from 555 but has not shown movement abv 575
[11:08] Shai : gets weaker below 560 and can drop to 553/ 540 . 553 to 540 should be quicker
[11:09] Shai : icici bank is weaker for 310 from here sl of 326
[11:10] r m : @Amit, http://tinyurl.com/OIAnalysis2015
[11:11] r m : http://tinyurl.com/McOsc
[11:12] Amit J : Thanks RM and shai
[11:14] Amit J : even your view on acc for short. hearing poor nos
[11:14] r m : welcome
[11:15] RK : ACC results tomorrow
[11:15] Shai : acc 1605- 1612 band is now support
[11:16] Shai : can fall to 1540 is broken
[11:16] Shai : log liquidation at 1670 rather than active selling – so one visist to 1670 can also come if 1605 holds
[11:24] Amit J : thks
[11:41] Vishal : SL triggered in BNF
[11:43] Shai : stop taken
[11:47] Kathir : @shai is 18870 bnf spot big resistance still?
[11:53] Shai : yes
[11:53] Kathir : ok thanks
[12:00] Shai : sudden surge
[12:00] Shai : 8834 vpoc res
[12:00] Shai : F
[12:05] Shai : Buyers coming in NF
[12:06] Hemant : Hello Shai
[12:07] Hemant : Time toget on calls or puts?
[12:07] Hemant : to get*
[12:07] Shai : Buy NF for 8848/ 8877 sl of 9791
[12:07] Shai : sl of 8801
[12:08] Shai : Hemant when the OF is green and you see green delta in pane it is buyers moving the index up
[12:09] Shai : can also keep buy trigger near 8824
[12:10] Hemant : Got it, many thanks
[12:16] Shai : trail the move up
[12:16] Shai : sl 8840 now
[12:17] Shai : sl 8847
[12:20] Shai : sellers in NF now- exit all longs
[12:21] Kathir : can we go short here shai?
[12:25] Shai : ok 8844 and 8827 sl day high + few
[12:25] Shai : BNF weekly – http://screencast.com/t/hXXwVrqHa
[12:25] Kathir : ok
[12:26] Kathir : @rav here?
[12:30] Shai : support moved to 8834
[12:30] Shai : test of 8834 F is another buy
[12:30] Shai : Inside day breakout- so lookig to position on long side
[12:31] Shai : abv 8877 can stretch to 8927
[12:32] RK : we are close to two obj – above 8673s cl – 8830s obj and above 8796F close – 8882f obj 🙂
[12:34] Shai : Buy BNF in 2 parts : one here at 18930 and another at 18885 sl 18840 tgt 19050
[12:36] Shai : 4th day of volume added abv 8670 spot now 8900 spot is looking good
[12:36] Shai : If the seller does not come – the buyer will keep pushing it up
[12:48] Ashish : Shai, M&M and Voltas moving down…Thanks for the morning update on these
[12:49] Shai : welcome 🙂
[12:52] Hussain : shai today was again perfect 1b setup
[12:52] Hussain : 1b)In an up trending market, when the current session opens above the previous day’s VA enter a long trade at the previous day’s VAH and again at the previous day’s POC placing a protective stop for both trades below the previous day’s VAL
[12:53] Kathir : 12:48 r m: meanwhile MO is at 91 😀
[12:57] Amit J : shai surprise to see you positive when MO is 80+ for 2 days now. any reason
[13:01] Kathir : @amit – 12:54 r m: Shai said the other day that better way to trade MO is by writing calls covered with OTM buy call
[13:01] Kathir : info
[13:02] r m : @Amit, broader market is like those gun-happy guys in wild west movies 😀
[13:02] r m : http://screencast.com/t/KbQRV5Av
[13:05] Amit J : yes but in current case we moved from oversold to overboughy
[13:05] Amit J : similar to sept 11
[13:06] Ashish : Shai, Jubilant foodwork levels please.
[13:06] Shai : Amit not going 100% in longs as risk of move down is there, but price is moving up still strongly with No selling response
[13:07] Shai : THanks RM- That is a nice chart of MO
[13:08] Amit J : ok
[13:09] r m : Welcome Shai, this is one of the various datasheets we maintain here 🙂
[13:10] Tejpreet : Shai in BN can we go short on break of 18890 ie vah , poc and ibh all broken for quick 50 points.
[13:10] Shai : jublfood may drop to 1573- 1564 supp below 1626
[13:10] Shai : 1573- 1564 is a nice band to initiate longs with sl below 1538 for 1690 positional
[13:11] Shai : Interesting period again in NF at 8834
[13:12] Ashish : Thanks Shai..
[13:12] Shai : BNF also in an area where the morning buyers have to respond
[13:13] Shai : 18935 – That 2 week seller has to be taken out on this move up at 18970
[13:20] Shai : RM- just checked that Nifty range when MO did those value: price move was similar to this one 11 straight sessions holding vah
[13:20] r m : ok, thanks
[13:21] Shai : +1 : (12:52) Hussain :1b)In an up trending market, when the current session opens above the previous day’s VA enter a long trade at the previous day’s VAH and again at the previous day’s POC placing a protective stop for both trades below the previous day’s VAL
[13:21] r m : those MP chats look like an escalator 🙂
[13:21] r m : *charts
[13:24] Amit J : thanks RM and Shai
[13:25] Shai : Place an exit on the BNF longs trade at 18955 F. We will trade again when break confirms
[13:30] r m : This is Jan 2012 when MO touchd 120, even though broader market cooled down after that, Nifty climbed from 4800 to 5600
[13:30] r m : http://screencast.com/t/uypG8QCTCg
[13:31] r m : but PE in those good old days was below 18
[13:31] r m : now it is above 23
[13:32] Shai : 18955
[13:32] Shai : Not sure if the BNF wants to get abv 18970 though it did the right thing by going to 18990 and bouncing
[13:32] Shai : 18890*
[13:33] Shai : that seller is weakneing now at 18970
[13:33] Shai : but looks still active
[13:35] Amit J : shai above 575 what would be objective in axis
[13:35] RK : 584 quick
[13:37] RK : F
[13:37] r m : @RK, looks like you were gazing at Axisbank only, such a quick reply 🙂
[13:38] RK : in my list RM :)..playing long since it closed weekly above 567 s
[13:38] Shai : 598 possible in axis over 577
[13:38] r m : @RK, OK 🙂
[13:40] RK : BNF also with long since that breakout..our original plan on first day of breakout was to buy dips close to 18860 for 19050 obj..I think its playing out today..wont surprise if we hit 19128
[13:41] Varun : @shai just saw ur tweet regarding mo
[13:41] r m : ok
[13:41] Varun : does it mean we could go to 120-130 levels
[13:42] Varun : or maximum we stay for around 10-11 days
[13:43] Mandar : Shai, there is FA in Axis bank?
[13:43] Shai : Not saying that Varun but has abeen a quick turnaround from -70 only 11 sessions
[13:44] Amit J : 1603 acc
[13:44] Shai : Mandar Nice spot . Won’t call it an FA but it is a mormal day
[13:44] Shai : Normal day
[13:44] Varun : normally how many days can we stay around 80-85 ?
[13:44] Mandar : ok
[13:44] Shai : both day high and low
[13:45] Shai : IT tells us that OTF is getting interested in price action in axis now but views are still divergent
[13:46] Shai : Varun has not stayed abv 80 for more than 2 sessions in 9/10 cases I think from memory
[13:46] Mandar : shai,i mean todays low in axis bank was fa?
[13:46] Shai : Mandar day high also after that is a potential FA setup
[13:47] Shai : but yes so far low is an FA
[13:47] Mandar : ok
[13:48] Shai : That xit in BNF now lookig proper- Break abv may have to wait for some more time
[13:50] Shai : 18874 supp for morning longs
[13:50] Shai : can drop to 18812 if ut breaks
[13:51] Varun : once in june 2014, didnt it stay around 93-97 for long ?
[13:54] Shai : Varun will look it up
[13:55] Shai : 8834 ref line into the close
[13:57] Shai : BNF again mostly inside – at one time it looked like going down to 18760 again when it came below 18825 trapping shorts including us
[13:59] r m : vwap taken
[13:59] Shai : sellers in NF also
[14:00] r m : looks like somebody got a pre-view of CPI data 😀
[14:01] Shai : 18820
[14:01] Shai : 8816 -8810 supp
[14:01] Shai : can drop to day low below it
[14:02] Amit J : @rm fm hinted on CPI yesterday that it will be very high
[14:02] Amit J : i pointed in morning
[14:02] Shai : yes
[14:03] Shai : Sell NF 8820 sl 8837 tgt 8790
[14:06] Hussain : buyer in sleep mode seller in away mode
[14:08] Shai : lol
[14:09] Shai : exit NF – stop
[14:09] Vishal : NF stop taken
[14:11] Shai : No conviction on that move up to 8838
[14:12] Hemant : This effectively becomes a trap?
[14:13] Shai : not yet
[14:14] Hemant : On the long side at the moment
[14:14] Shai : ok- No close abv 8795 spot is still good
[14:15] Shai : besides NF has a habit of closing at highs
[14:16] Amit J : shai your view on deltacorp plz
[14:20] Ashish : charts not updating
[14:21] Shai : test
[14:21] Shai : coming back..
[14:24] Shai : delta 89.2 supp res at 95
[14:24] Shai : can do 102 is 89 holds
[14:25] Amit J : ok
[14:28] Hussain : one mor spike n seller can take over seeing bears
[14:29] Hussain : shai FP complete confusing ;-(
[14:29] r m : bhago bhaloo aaya 🙂
[14:29] Shai : 8938 excess of 13th Mar
[14:30] Shai : 8882 seller of 19/03
[14:30] Shai : 8898 anomaly
[14:36] RK : RM we have just less than an hour to close..can you pls switch off those machines which you forgot 🙂
[14:37] Shai : one more close at highs
[14:38] r m : @RK, lost the remote 😀
[14:38] RK : oh my 🙂
[14:47] Shai : adv-dcl good today also
[14:48] Shai : there is a trade here to 8882 but risky at 8858 with 40 mins left
[14:48] Shai : we will let that pass
[14:57] Shai : 8800 pe adding heavily today
[14:58] Shai : 8500 pe and 9000 ce now have almost the same OI
[14:59] Shai : On this close we stick with 9065 Nifty tgt as 8500 PE OI appaears stronger
[14:59] Shai : Because the MO is that high there may be a fast dip in one of the coming sessions but it may be used to add longs
[15:00] Shai : BNF is well balanced and looking to close near 18880
[15:00] Shai : NF wants to close at highs
[15:01] Ashish : M&M at day’s low
[15:09] Shai : steady still at 8862
[15:10] Shai : where did the sellers of March go? 🙂
[15:10] Amit J : covering 🙂
[15:10] RK : on vacation may be to comeback in May 🙂
[15:11] Amit J : shai i remember your 8260 call. it was just amazing.
[15:14] RK : If am right ACC was trading exactly at same level when last quarter results day..one quarter gone with all ups and down and back to square
[15:14] r m : tread mill!
[15:15] RK : 🙂
[15:16] Amit J : banknifty getting rejected at vwap before 2 imp event. s&p review and CPI data
[15:17] Shai : BNF little disappointing not taking out 18970 today
[15:17] Shai : a triple inside now
[15:18] Amit J : both event are imp
[15:19] Amit J : last 3 days almost same top in spot in bn
[15:19] Shai : snp should follow Moody?
[15:20] Amit J : no. they are already on positive outlook. they will mostly give a wait comment means hittle negative comments
[15:22] Amit J : *little
[15:22] Shai : ok
[15:24] Amit J : shai any indication of cpi data from order flows
[15:24] Shai : BNF is well balance dactually for a 400- 500 point move from here
[15:25] Shai : No Amit OrderFlow driven up by responsive buying- could be shorts going out
[15:25] Amit J : ok
[15:25] Shai : **Price driven up…
[15:26] Shai : looked like prop shops did that move at 12.30
[15:26] Hussain : tomorrow market closed?
[15:26] Amit J : yes
[15:26] Shai : they could be long today
[15:28] Shai : timid close
[15:28] Shai : action was at 12.30
[15:28] Shai : algos drove it
[15:29] Amit J : delta days high
[15:30] Shai : buyers at close
[15:30] RK : thanks and bye all
[15:30] Hemant : Added some calls
[15:30] Shai : bye all
[15:30] Vishal : shai
[15:30] Shai : Have a nice evening
[15:30] Vishal : few mins pls
[15:30] Tejpreet : Bye All.
[15:30] r m : Thanks and bye folks, have a great holiday 🙂
[15:31] Ashish : Bye All
[15:31] Amit J : Vishal you need to post little early if you have some query
[15:31] Amit J : shai must have left
[15:31] Shai : am here – will respond
[15:32] Amit J : looks like he exited 🙂
[15:33] Vishal : ok
[15:33] Vishal : Bye all
[15:33] Vishal : Shai is there responding my queries
[15:33] Amit J : yes
[15:33] Amit J : shai he live
[15:35] Hemant : Have a great day ahead. Ty Shai, I hope this time I’m sort of on the right side of the market
[15:35] Hemant : 🙂
[15:37] Hussain : thanks
[15:37] Hussain : bye all
[15:38] Shai : bye all