OrderFlow charts and Notes 13/08/15

[08:48]   Manoj : GM RM
[08:48]   Manoj : GM all
[08:49]   r m : Good Morning folks!
[08:49]   r m : Hi Manoj
[08:54]   r m : http://vtrender.com/levels-and-plan-for-13th-aug-3/
[08:54]   r m : http://vtrender.com/orderflow-charts-and-notes-120815/
[08:54]   r m : http://vtrender.com/option-values-dt-120815/
[08:54]   Shailesh : GM RM, Shai and all
[08:57]   Gaurav : Good morning
[08:59]   Tejpreet : GM All.
[08:59]   Porus : GM all
[09:00]   r m : Banknifty AUG Future levels | KRA 17930 | Hypo1 above 18260➜18318➜18400 SL 18160 | Hypo2 below 18080➜17980 SL 18185
[09:00]   Tejpreet : RM can you share any info on how to check for the top stock options contract by liquidity .
[09:00]   Shailesh : RM hypo 2 has some confiusion…if u can clarify
[09:01]   Shai : GM all
[09:01]   r m : @Shailesh, oops, it is above 8404 🙁
[09:02]   Shailesh : ya it was on site as well so i thought to let you know the same
[09:02]   Shailesh : 🙂
[09:02]   r m : Thanks
[09:03]   Nishant : GM all
[09:04]   John : GM all
[09:05]   r m : Nifty AUG Future levels | Key reference area 8320 | Hypo1 below 8320➜8285➜8270 SL 8361 | Hypo2 above 8404➜8436➜8469 SL 8359
[09:05]   r m : Thanks Shailesh, corrected and retweeted 🙂
[09:06]   Shailesh : anytime RM…
[09:06]   Anay : GM All
[09:09]   Ashish : Gm all
[09:09]   Moses : GM All
[09:12]   Sankar : GM RM, Shai, All 🙂
[09:12]   r m : Hi Sankar
[09:13]   Srini A : GM All
[09:16]   Shai : Strong open
[09:16]   Vikkas C : GM all
[09:17]   Sankar : Yeah. hypo 1 and above.
[09:17]   Sankar : u brought KRA below Shai, what else you expect Nifty to do :).
[09:17]   Shai : 🙂
[09:17]   Shai : That KRA goes there when we eneter below 8400
[09:18]   Shai : NF res at 8437
[09:18]   Shai : supp 8402 now
[09:18]   Sankar : ok.
[09:19]   Tejpreet : Yesterday closing call booked out 8600 from 26 to 38 and 19000 from 50 to 74.
[09:19]   Shai : nice
[09:19]   Shai : sellers are coming here in NF
[09:19]   Sankar : Nice Tej 🙂
[09:19]   Shai : don’t think this is one way up ticket yet
[09:19]   Tejpreet : Now rest of the day as per Shai 😉
[09:20]   Shai : at the clse there was evidence of buying y’day
[09:20]   Tejpreet : Yeah Sankar better to take some profit at start of the day
[09:21]   Shai : vol is good for first 5 mins though
[09:21]   Shai : and kind of a drive with vwap playing its rle
[09:21]   Shai : role*
[09:22]   Tejpreet : Looks like GST drive.
[09:23]   Shai : selling is there
[09:25]   Ashish : Thanks Shai for the closing alert that buying is there 🙂
[09:25]   Ashish : booked 200 points in banknifty
[09:26]   Tejpreet : Good one Ashish !
[09:26]   Shai : nice
[09:26]   Ashish : Thanks Tej 🙂
[09:26]   Shai : 18068 spot roughly a supp
[09:27]   Shai : selling was emotional last hour yesterday though I don’t think it s over yet
[09:27]   Shai : and we should be looking to sell at higher levels
[09:27]   Dave : can anyone send me the link of stocklevel sheet please
[09:27]   Vikkas C : https://docs.google.com/spreadsheets/d/1mkzBzrmxhW14M6yxEUKZL-QJt7ALTICA2fN-kQhPsEw/edit#gid=302327609
[09:28]   r m : @Dave, it is there on right hand bottom side in document folder
[09:28]   r m : Thanks Vikkas 🙂
[09:28]   Vikkas C : shai is 8440-8450 types a good lvl to sell
[09:28]   Dave : THANKS VIKKAS AND RM
[09:28]   Vikkas C : or shud wait a little more
[09:28]   Vikkas C : no worries dave 🙂
[09:29]   Shai : BNF looks like a good short candidtate here with sl abv 18440
[09:29]   Shai : will look to add on it below 18310
[09:32]   Shai : sellers coming clearly into the rise but so far open buyers are holding it
[09:32]   Shai : we will look to short intra when vwap breaks
[09:33]   Shai : if**
[09:36]   Moses : Shai,any anamolies in BNF apart from 18415 and 18820?
[09:37]   Shailesh : Shai 18 lakh volumes in open…is it panning out to be open drive ?
[09:38]   Shai : 18415 and 18820 for now
[09:38]   Shai : vol is dropping
[09:38]   Moses : Thanks Shai
[09:39]   Tejpreet : Shai above which level can BN have a quick run in case of trend up day.
[09:39]   Shai : per orderflow yesterday in NF that seller is here 8435-50
[09:39]   Shai : Per AMT open drive up but these drives have to conquer VAH
[09:40]   Shailesh : alright shai
[09:40]   Shai : then they are good whaever the volumes
[09:40]   Sumit K : Shai – what if those sellers are overcome
[09:40]   r m : @Shai, so far auction in spike area only in BNF?
[09:40]   Shai : Then trend up Sumit
[09:41]   Shai : Tejpreet abv 18440 yesterday’s zone which broke
[09:41]   Tejpreet : Thanks Shai.
[09:42]   Vikkas C : we had a FA yesterday at the top right
[09:45]   Shai : Sell BNF at 18340 and at 18385 in 2 parts, sl of 18440 tgt 18250
[09:46]   Shai : NO FA Vikkas
[09:47]   Shai : were stray ticks and not an auction trying to probe up
[09:52]   Shai : so just that burst of vol at the open and we are back in y’day value
[09:53]   Gaurav : Can take some Nifty puts here ?
[09:53]   Varun : shai if we dnt cross yesterday vah, we will probe poor low at 8350 types
[09:53]   Varun : cos otf can be only outside yesterday vah/range or below tht poor low
[09:53]   Shai : BNF has sold 2 times in 2 days from 12.30 let’s watch it closely today
[09:54]   Shai : Yes Gaurav can- move is suspect till below 8470F
[09:54]   RK : GM Shai,RM and all
[09:54]   Gaurav : Thanks Shai
[09:55]   Varun : rk have few things for u to decode, will dm u those. cant understand the language
[09:55]   Shai : Yes Varun – auction is back in that 8394- 8445 zone where it sought to create a balance yesterday
[09:56]   r m : Hi RK
[09:56]   RK : fine Varun
[09:56]   Anay : @Varun I don’t see a PL in NF yest
[09:57]   Varun : hi anay
[09:57]   Shai : Sell NF near 8425 sl of 8445 tgt 8402- keep order at 8425
[09:58]   Anay : hi
[09:58]   Varun : pq period on extremem right in profile
[09:58]   Vikkas C : hi anay
[09:58]   Varun : did u see anay
[09:58]   Anay : Hi Vikkas…how r u?
[09:59]   Vikkas C : super bortha..1st day for u ?
[09:59]   Vikkas C : welcome to vtrender 🙂
[09:59]   Anay : @pq ok. I use 9.15-9.30 as first 30 min bar…that’s why the diff may be
[10:00]   Anay : @Vikkas I was here for a few months last year…but didn’t get much time to day trade after that….mostly swings….
[10:00]   Anay : now have to time till Dec…so joined 🙂
[10:00]   Anay : *some
[10:00]   Vikkas C : awesome ..
[10:01]   Anay : our meeting is still due btw 😉
[10:01]   Shai : Welcome back Anay
[10:01]   Varun : all frm mumbai or what ?
[10:01]   Anay : Thanks Shai
[10:01]   Anay : Nope. I am from Pune.
[10:02]   Vikkas C : yes sir ..u next time in bbay pls call me brotha
[10:02]   Varun : sure
[10:02]   Anay : I know Vikkas from TC
[10:02]   Vikkas C : when u coming
[10:02]   Varun : alrite
[10:02]   Anay : Sure
[10:02]   Varun : hardik will join on monday
[10:03]   Varun : so we will have a nice room here 🙂
[10:03]   Anay : Yeah 🙂
[10:03]   Shai : That top left 30 min bar of today- take a screenshot and keep- that is some aggressive sellers
[10:03]   Shai : saw the same yesterday
[10:04]   RK : Shai you need to remove Nifty and LVN price tables for a while to take screenshot 🙂
[10:04]   Varun : 30 min
[10:04]   Shai : of 30 min chart
[10:05]   RK : yeah got it from there..
[10:05]   Shai : I give more imporatance to a seller who comes and takes out a potential drive
[10:06]   RK : Yeah agressive against tide always to be respected
[10:06]   Shai : those kind of guys will generally hold their positions
[10:07]   Anay : Yeah
[10:09]   Porus : Varun, what is the s/t, u/t that you often refer to?
[10:11]   Varun : thr is a writr up by @kickasstrader or u can read vsa online
[10:11]   Porus : ok thanks
[10:11]   Varun : its basically hidden selllers and buyers who emerge on big vol spikes
[10:11]   Anay : @Porus check this link
[10:11]   Varun : we got 2 perfect ones at ib high and vwap revisit yesterday
[10:11]   Anay : https://thekickasstrader.wordpress.com/2015/05/11/vsa-basics/
[10:12]   Porus : thanks anay
[10:12]   Varun : if shai can bring yesterday 5 min candle on reviit i can expalin
[10:12]   Varun : revisit of vwap in afternoon
[10:13]   Augustin : @Shai – Will 17700 be a good level to enter positional longs (bnf) if we get?
[10:17]   Anay : @Shai the OF charts look much better from last year 🙂
[10:18]   Anay : please shift the BNF chart up a bit
[10:20]   Anay : the separate chat window is for stocks?
[10:22]   Varun : yup
[10:22]   Anay : ok
[10:22]   r m : @Anay, yes, easy for Shai to trace stock queries
[10:22]   Shai : NF and BNF both hit initial tgs
[10:22]   Anay : cool
[10:22]   Anay : yes. excellent
[10:23]   Naveen : one awesum trade shai…kudos..
[10:23]   Shai : Thanks Anay- when were you here last year?
[10:23]   Anay : Arnd Oct – Nov I guess
[10:26]   Shai : ok- yes we moved things around a bit
[10:26]   Anay : 🙂
[10:26]   Shai : BNF has done that visist to lows when vwap broke- the failed drive concept
[10:28]   Vikkas C : so that means if ibl goes this is ready to fall more
[10:31]   Shai : that revisit to 18400 was a proper positional short setup
[10:31]   Shai : Yes Vikkas
[10:31]   Anay : IB break between 10.15-10.45 usually doesn’t work – KM Theory 😉
[10:32]   RK : Many missed RRR on tv today morning 🙂
[10:32]   RK : RM atleast bring that GST on table
[10:33]   Manthan : FM is scheduled on TV at 1.00 PM
[10:33]   Shai : oh
[10:33]   RK : Manthan but BNF is already below IBL 🙂
[10:34]   Shai : FM is doing a lot of work these days 🙂
[10:34]   RK : he is giving a tough fight to RRR Shai when it comes to mkt 🙂
[10:35]   Shailesh : RK RRR?
[10:35]   r m : raghu ram rajan 🙂
[10:35]   Shailesh : ohhh
[10:36]   Shailesh : i thot sumthn to do with pappu 🙂
[10:37]   r m : lol
[10:37]   Shailesh : sum new synonym has come up so 🙂
[10:38]   r m : now a days tweeple have dropped pappu and duffer is more common 😀
[10:39]   Anay : what is the bluel line in the bottom pane?
[10:40]   r m : to show volume expansions
[10:40]   Anay : ok
[10:40]   Shailesh : RM 🙂
[10:57]   Vikkas C : shai can u pulls the NF 5mins down a bit ..thanx
[10:57]   Vikkas C : *pull
[10:59]   Shai : auction in NF is locked – has to break 8394-8402 for more downsides
[11:00]   Shai : chances of an inside day are there
[11:17]   Shai : NF showing more signs of a balance now- BNF not quiet yet
[11:17]   Shailesh : Nf is glued to vwap
[12:03]   Vikkas C : so gst bill gone
[12:03]   Vikkas C : RS adjourned sine die
[12:05]   Shai : wow
[12:06]   RK : 2nd test at VAL
[12:07]   Porus : Vikkas, any news on extension of the session?
[12:07]   Vikkas C : nope ..gone
[12:08]   Shai : Sell BNF near 18230 sl of 18285 tgt 18150
[12:08]   Manthan : Seems Now its BUY time??
[12:08]   Tejpreet : I got good news Maggi ban lifted …we might get them back on racks after further testing 🙂
[12:09]   Manoj : 6weeks more b4 we can eat it
[12:09]   Tejpreet : Yeas Manoj …still better than never get them back.
[12:10]   Shai : BNF below VAL and NF not
[12:11]   Manoj : can sell nifty in anticipation
[12:11]   Shai : morning selelrs are more in cntrl now and vwap is res
[12:11]   Manoj : ??
[12:11]   Shai : yes
[12:11]   Manoj : ok
[12:12]   Shailesh : Shai can you share rupe support and res?
[12:13]   Shai : BNF book part at 18170 rest TSL at cost 18225
[12:14]   Shai : vwap expanding
[12:14]   Shai : again 12- 12.30 move
[12:15]   Shai : hold bal to book out fully at 18094
[12:15]   Tejpreet : BN quick and good one Shai.
[12:16]   Shai : NF is seeing buyers
[12:16]   Shai : beow vwap band- intra short take soome gains
[12:16]   Manoj : i sold @ 8396 sl for tht ??
[12:16]   Shai : 5 points abv vwap
[12:17]   Manoj : 8420
[12:17]   Shai : can see 8348/ 8320 if that sl reamins
[12:26]   Sandeep : bn holding up here
[12:27]   Kiran : thats vwap magic
[12:27]   Sandeep : vwap is 100 points away
[12:28]   Kiran : Sandeep vwap band dotted.
[12:28]   Kiran : @18140
[12:29]   Sandeep : okay
[12:30]   Kiran : what was BNF low on 28 july ?
[12:31]   RK : 18191 F
[12:32]   Shailesh : 12:12 Shailesh : Shai can you share rupe support and res?
[12:32]   RK : Shai dont want us to get confused with shorts and fused charts 🙂
[12:33]   Kiran : charts please .
[12:34]   Augustin : @Shai – Can short NF afresh here?
[12:38]   Nishant : can everyone see the charts? for me it says, no applications shared at this time
[12:39]   Augustin : No.. cant see
[12:39]   Rahul G : same here nishant
[12:39]   Nishant : ok
[12:40]   Manoj : lost all of mrng gains 🙁
[12:41]   Manoj : either i m unlucky for mkt or mkt not for me
[12:41]   Manoj : bye for day
[12:42]   Suyash : this looks like a news driven rally
[12:42]   Soumya : cant see charts
[12:42]   Suyash : maybe a special session of parliament coming to pass the GST bill
[12:42]   Soumya : says no application shared at this time
[12:42]   Suyash : yeah why are the charts not visible??
[12:43]   Suyash : Almost like a every alternate day story now
[12:44]   Shai : test
[12:44]   RK : yes charts are fine now
[12:45]   r m : back
[12:45]   Tejpreet : Huge buying at 8380
[12:45]   Vikkas C : yes tej
[12:45]   Shai : yup back to that old seller
[12:45]   Tejpreet : Could be SC by morning sellers
[12:45]   Tejpreet : at 8380
[12:46]   Nishant : test? because it didn’t overshoot IBH?
[12:47]   Tejpreet : Shai above VAH in nifty time to get back into those 8600 calls ?
[12:48]   Hemant : Shai, tgt for 8500 CE if any?
[12:48]   Shai : abv vah maybe 8470 ad 8502 again
[12:48]   Kiran : shai can we call BNF as FA?
[12:49]   Shai : 8500 ce can do 78 and 102
[12:50]   Sandeep : charts working?
[12:50]   Hemant : Ok Shai ty
[12:50]   r m : yes Sandeep
[12:51]   Sumit K : Shai – 8600 ce levels
[12:52]   Shai : 44 and 57 on 8600 ce
[12:52]   Sumit K : Rumour of AP Shah panel findings to be made public today
[12:53]   Porus : Sumit, what is the subject?
[12:54]   Tejpreet : Porus I think MAT issue
[12:55]   Sumit K : MAT relief to FIIs
[12:55]   Porus : ok, thats big too..
[12:55]   Shai : that move in NF and BNF below IBL failing to make headway today
[12:55]   Shai : first in 4 sessions
[12:55]   Shai : now for buyers a move abv VAH would mean control
[12:56]   Sandeep : shai any trades here ?
[12:57]   Sandeep : thats 8450 right ?
[12:58]   Shai : same OF as yesterday so far : http://screencast.com/t/SCRP8QA9
[12:59]   Shai : Sandeep not here
[13:02]   Sandeep : okay
[13:05]   Shai : NF 5 min develping- http://screencast.com/t/lVTI5UftA
[13:08]   Shai : gettimg wild
[13:11]   Shai : Bloomberg is saying Mat prior to april 1 2015 not to be pursued
[13:12]   Tejpreet : That should make NF run
[13:14]   RK : Shai looks like some folks from scene of crime has finished business for 200 points at 8380 now 🙂
[13:15]   r m : 🙂
[13:15]   Shai : RK we don’t have a conf till this 8435 seller gets taken down
[13:15]   Shai : and abv vah
[13:16]   RK : and they pushed some for searching for new business now..If we go below 8390 again then it will be like our parliament today 🙂
[13:16]   Shai : No uptrend move can start without being abv vah
[13:16]   Varun : we have not crossed vah, leave aside value since 8600 nf
[13:16]   RK : Yes Shai got it..
[13:16]   Varun : today we have an inside val
[13:17]   r m : @RK, then I guess IB is the fence around speaker and vwap is speaker’s chair 🙂
[13:17]   Shai : yes first time not uch below val in 4 sessions
[13:17]   Varun : if bulls have it should clear 8450 tmrw in drive in monring
[13:17]   Varun : else downtrend will resume after a break of today
[13:17]   RK : RM lol
[13:17]   Varun : and ur the speaker 😉
[13:18]   Varun : tellin everyone baith jaiye
[13:18]   RK : Varun you want him to take down the throws 🙂
[13:18]   Varun : he does, sir pls tell this that and all
[13:18]   Varun : moderator of the session
[13:18]   r m : lol
[13:18]   Varun : an shai is pm, takes calls
[13:18]   Varun : and goes for work
[13:19]   r m : RK and Varun are Jaitley and Sushma? 🙂
[13:19]   RK : after seeing last few days session its like fearsome job..that speaker 🙂
[13:19]   Varun : anyday would love to be aj
[13:19]   RK : then who is pappu? 🙂
[13:20]   r m : only one here who is entitled for that title is me only 😀
[13:20]   RK : lol..me and Varun can’t pickup fight with you
[13:21]   r m : I am smarter then the other pappu na! 🙂
[13:21]   RK : catch 🙂
[13:21]   r m : oxymoron – smart pappu 🙂
[13:22]   RK : 🙂
[13:23]   Manthan : I am clapping on bench:)
[13:23]   r m : bench strength bhee to chahiye 🙂
[13:25]   Varun : from tmrw u can start all in favor of market fallin say aaye
[13:25]   Varun : thos e agianst say no
[13:25]   Varun : those who sold ce/pe can abstain
[13:25]   RK : this candle has only sellers at VWAP
[13:25]   r m : lol
[13:25]   RK : buyers are outnumbered
[13:26]   RK : oops before I type lost 10
[13:26]   Nishant : aye aye varun
[13:27]   Shai : quite a battle – could be start of a new range like 8333- 8395 in July
[13:27]   Shai : 8370- 8445
[13:29]   Tejpreet : Another range …no wonder Varun asked option sellers to abstain 🙂
[13:29]   Varun : we r in bal and 100 point range
[13:29]   Varun : playing breakouts could be brutal
[13:29]   Varun : reverse to mean
[13:29]   Varun : is best for today
[13:30]   Tejpreet : True.
[13:30]   Varun : we have a wide poc, everytime we will go far, it will pull it back
[13:30]   r m : yes, volume expansions should be played in reverse gear
[13:32]   Varun : see vwap calls it bck
[13:44]   Varun : vwap is like tht bad guy today
[13:44]   Varun : kahan tak jayega beta yeh saara ilakaa humara hain
[13:44]   Varun : sd3 sde tak
[13:44]   Varun : sd3
[13:44]   Vikkas C : does this sd3 even work well on 30 mins TF also varun
[13:44]   Vikkas C : has anyone chked
[13:45]   Varun : dnt know
[13:45]   Varun : gt introduced here only
[13:45]   Varun : vwap is wvap
[13:45]   r m : vwap should be ideally calculated from ticks
[13:45]   Vikkas C : right RM
[13:46]   r m : amibroker will calulate from 30 min close price I think
[13:46]   Vikkas C : falcon coder is on leave ..
[13:47]   r m : ok, practically even 1 minute bar and 5 minute bar vwaps are not too far from tick calculated one
[13:47]   Vikkas C : yes ..its alomst the same on any TF .. +-2 points i suppose
[13:47]   Varun : line se who all bought in 1.35 vomited in 145
[13:47]   Varun : tht was quick
[13:48]   Varun : i am having fun
[13:48]   Varun : cos i want to pass thes enext hrs without trading
[13:48]   Varun : so if anyone getting disturbed , pls let me know
[13:49]   Augustin : Varun – Nil positions?
[13:49]   Varun : i’ll bore u more 😉
[13:49]   Vikkas C : varun apne gyaan ka pitaara open karo phir
[13:49]   Varun : shoot
[13:49]   r m : there should be a trader band supplied for normal days so one can keep one’s fingers away from keyboard 🙂
[13:49]   Varun : i’ll answer
[13:51]   Varun : shai will neytral extrmem give an early signal fr tmrw
[13:51]   Varun : neutral
[13:51]   Varun : i feel which ever side oof poc we close today will give an early signal of this bal breakout
[13:52]   Vikkas C : varun i want to understand the VSA concept in live from OF ..
[13:52]   Vikkas C : i always miss out when u do those trades
[13:52]   Varun : hmm
[13:52]   Varun : ok lets wait for one at 8436 or 8395 to happen
[13:52]   Vikkas C : ok cool 🙂
[13:53]   Varun : i was awat else i would have traded the one we had an hr back at 8436
[13:53]   Vikkas C : ok
[13:54]   Varun : my gf says we will break down tmrw
[13:54]   Varun : for upside we shld have another bal day tmrw
[13:54]   Vikkas C : mine too..and this time 8330 is not going to hold
[13:55]   Varun : but if we have another bal tmrw then bears doing a bad job
[13:56]   Sandeep : all ears varun now
[13:56]   Varun : no sign yet
[13:56]   Sandeep : okay
[13:56]   Varun : kk
[13:56]   Varun : big seller
[13:57]   Varun : he shld nt get an exit
[13:57]   Vikkas C : this seems to be getting ugly
[13:57]   Varun : this candle will neutalise
[13:57]   Varun : to green or neutral
[13:57]   Varun : if it neutalises
[13:57]   Varun : wait for next green candle
[13:59]   Vikkas C : big seller at 8390
[13:59]   Varun : yes we waiti till this candle closes
[13:59]   Varun : it shld close neutrl
[13:59]   Varun : if thr is a pull back
[13:59]   Vikkas C : by neutral u mean the delta ryt ?
[13:59]   Varun : yup
[13:59]   Vikkas C : ok
[14:00]   Varun : nt happening
[14:00]   Varun : abhi
[14:00]   Vikkas C : yes
[14:00]   Shai : lots more sellers in NF
[14:00]   Varun : soemone sold with volumes
[14:00]   Shai : 8365 was y’day buyer
[14:00]   Sandeep : lots of
[14:01]   Varun : this was an st,but we didnt get a signal to trade
[14:01]   Varun : so now wew ait for its test
[14:01]   Shai : vwap again
[14:01]   Vikkas C : how do u know this is st
[14:02]   Varun : price mite again fall to 75
[14:02]   Varun : but this time selling shld fade off
[14:03]   Varun : vikas see the blue line
[14:03]   Vikkas C : in 30 mins
[14:03]   Varun : it hit rocket + falling candle huge volume
[14:03]   Varun : no in 5 mins thr is a volume line
[14:03]   Sandeep : yes
[14:03]   Vikkas C : haan got it
[14:04]   Vikkas C : so a spike in the blue band is st
[14:04]   Nishant : sorry, ST stands for?
[14:04]   Varun : fr start thts the first hint + a very biog candle
[14:04]   Vikkas C : sorry for stupid questions but wanting to understand
[14:04]   Sandeep : it can be an ut too if its buying
[14:04]   Vikkas C : ok gr8
[14:05]   Varun : + lookk for a trap at the end of tht candle
[14:05]   Varun : next one started green
[14:05]   Vikkas C : also the seller at the bottom
[14:05]   Varun : yup
[14:05]   Varun : but would have loved this candle tio neutralise
[14:05]   Varun : so didnt trade it
[14:05]   Varun : and against trend also
[14:06]   Varun : so i would trade a ut today
[14:06]   Varun : and nt st
[14:06]   Vikkas C : so u mean had the delta neutralised u wud have waited for the next to be green and then go long
[14:06]   Varun : yup
[14:06]   Varun : with stop as low-5
[14:06]   Vikkas C : ok got it
[14:07]   Vikkas C : todays convo needs to saved 🙂
[14:07]   Vikkas C : thanx varun 🙂
[14:07]   Varun : 😉
[14:07]   Varun : this test of 75 again is also a buy
[14:07]   Varun : thts called st + test
[14:08]   Varun : if it happens
[14:08]   Shai : Nice Varun
[14:08]   Varun : thanx shai
[14:08]   Varun : this bascially in logic is lastt sellers/buyers do the spike
[14:08]   Shai : vwap is fair close today
[14:08]   Varun : operator/otf wont wait for a price to fall or rise to buy
[14:09]   Varun : thy do opposite
[14:09]   Vikkas C : varun u shud defo right a book man
[14:09]   Varun : see vikas u said this is looking ugly
[14:09]   Vikkas C : yup ..wud have been stuck
[14:09]   Varun : on screen every person would feel same and exit
[14:09]   Varun : tht fear needs to be bought and euporia sold
[14:09]   RK : yes thats a true quality of business people..buy cheap sell expensive..only retails do it oposite in trading 🙂
[14:10]   Varun : on balance days
[14:10]   Vikkas C : yes RK
[14:10]   Varun : note on bal days only
[14:10]   Varun : rest its like standing infront of train to shoe ure brave
[14:10]   Varun : show
[14:11]   RK : Varun what are the parameters you consider after IB that you can call it a balance day..Values held, inside range then?
[14:11]   Varun : first within range of previous day ib didnt go out
[14:11]   RK : poor h/lows
[14:12]   Varun : thts the foirst most
[14:12]   Varun : value within previous day range
[14:12]   Varun : highl bal if val within previous value
[14:12]   Varun : like today
[14:12]   Varun : slowlt bell will develope
[14:12]   Varun : the further u will go from bell 45 degree angle will come
[14:13]   Varun : and pull it back
[14:13]   RK : great
[14:13]   Varun : from extremes
[14:13]   Varun : pday range + 10 will make it imbalance
[14:14]   Varun : past results have shown it happens when either in ib oir value very close to extreme
[14:14]   RK : yeah breakout with some filter..got it
[14:14]   Varun : like if we had value today at 8380/8360
[14:14]   RK : ok
[14:14]   Varun : thr was still a chance
[14:14]   Shai : tjere is a lot of selling in this last 30 min bar
[14:15]   Varun : for dd
[14:15]   Varun : another clue is ib 70/80 tought for it do ib re
[14:15]   Varun : done wioth rant
[14:15]   RK : last one dont get it
[14:15]   Vikkas C : varun do u condiser 2 ib or just the 1st hour IB
[14:16]   Varun : no if we have ib of 70/80 points
[14:16]   RK : oh ok
[14:16]   Varun : no use traidng breakouts after tht
[14:16]   Varun : we r alomost done for the day
[14:16]   Vikkas C : 70/80 point ib can be fade the extremes
[14:16]   Varun : more or less
[14:16]   RK : thanks mate 🙂
[14:16]   Varun : depending hw profile is looking
[14:16]   Varun : if it is first 30 mins
[14:17]   Varun : thr is chance of a big trend day also
[14:17]   Varun : look tht vwap shld nt break on tht day
[14:17]   Varun : break of vwap means disaster
[14:17]   Varun : we had one at 8640 before this fall
[14:17]   Varun : opened at 8570 moved to 8640
[14:17]   RK : yes
[14:17]   Varun : trapped every damm feloow
[14:17]   Vikkas C : yes ..monday
[14:17]   Varun : and in afternoon vomitted below vwap
[14:18]   RK : 8585 scene of crime 🙂
[14:18]   Varun : here comes ther vwap
[14:18]   RK : they choose fancy nos
[14:18]   Varun : seen this happend 100 times
[14:18]   Varun : vwap will pull it
[14:18]   Vikkas C : so u didnt take the trade cos of the delta
[14:19]   Varun : and yesterday trend was down
[14:19]   Vikkas C : ok
[14:19]   Varun : spo i will play only down moves
[14:19]   Varun : had it been a ut
[14:19]   Vikkas C : got it 🙂
[14:19]   Varun : i would have traded it
[14:19]   Varun : with tht vol spike + big candle only
[14:19]   Varun : stop is jsut 5-10 points
[14:19]   Varun : retiuen is 30 points
[14:19]   Varun : even if u go wrong, give it a short
[14:20]   Varun : perfect 45 degree playing
[14:20]   Shai : some buyers in thsi 30 min
[14:20]   Shai : that should settle the matter for a vwap close
[14:20]   Vikkas C : im a fattu man ..but will try this with 100 NF from now on till i get a grip ..thanx varun
[14:21]   Varun : u know it is said the bigges ttrader gets butterflies in every trade he does
[14:21]   Varun : still
[14:21]   Vikkas C : 🙂
[14:22]   Shai : just to add to that conversation on entries, if you see the 5 min bar and the dpoc is at the bottom of that 5 min bar it gets you a better chance to move in your favor
[14:22]   Varun : this profile is closing for a drem breakout
[14:22]   Varun : yup thts the hvn
[14:22]   Shai : the bllue of the 5 min bars is the vpoc of that 5 min
[14:22]   Shai : same principle as the day dpoc in the mini bar
[14:22]   Varun : tht means the biggest inventory transfer took place thr
[14:23]   Shai : yes
[14:23]   Vikkas C : todays a must must save
[14:23]   Vikkas C : *convo
[14:23]   Shai : Now at vwap the dpoc is up there that means the buyer will struggle and we meet the previous 5 min poc
[14:23]   Varun : see 28075 seller couldnt push the price down
[14:23]   RK : Shai u mean that 2.20 candle
[14:23]   Varun : 1.55 candle
[14:24]   Varun : means someone biught those 28075
[14:24]   Varun : hiding
[14:24]   Varun : chupke se as they say
[14:25]   Shai : yes RK vpoc at 8407 and 5 min tgt is 8385
[14:25]   Vikkas C : the aquablue line on every 5 min is VPOC
[14:25]   Varun : yup
[14:25]   Vikkas C : ok
[14:25]   RK : ok
[14:26]   Shai : negated now as abv current dpoc
[14:26]   Shai : but works well in trending where every 5 min dpoc will be lower
[14:26]   RK : right
[14:26]   r m : @Varun, chupke se, avoiding Shai’s 300% diagonal ratio so as not to be colored green and caught 🙂
[14:27]   Varun : yup
[14:28]   RK : so that 20k seller at 1.55 if we believe as a trap then next green delta gives entry and 2.15 candle adds confidence with poc at bottom and close the trade at vwap.
[14:28]   Shai : that vol spike at SD bands which Varun pointed is an excellent method and should give you 95% success rate provided you like a quick 15 – 20 points
[14:28]   Varun : shai will neutral extreme give an early indciation toiday
[14:28]   Shai : neutral extreme will take the job to open tom
[14:29]   Shai : if abv at tom open then bulls in
[14:29]   RK : so rather than blindly trading vol spike with OF considering trade location at bands increases win %..thats true
[14:29]   Varun : ya look for pivot points
[14:29]   Varun : cos st/ut happen the enitre day
[14:30]   Varun : pivot points need to show thy relavance
[14:30]   Varun : so st/ut +pivot point is a killer combo
[14:30]   RK : yeah pivot points always in mind..these above discussed conditions will make it as good entry
[14:30]   Varun : we get an st/ut sometime abv/below ib
[14:30]   Varun : which i used to tell u return to vwap
[14:30]   Varun : didnt know the reaon earlier
[14:31]   RK : the hesitation part takes place when prices hover around pivot points..you wont know which side it will jump next and that delays entry..but above conditions would certainly show you path
[14:31]   Varun : yup
[14:31]   Varun : see j period.k period\both failing at vah
[14:32]   Varun : yesterday trend was down
[14:32]   Varun : so ib high, vah dvah are pivot points
[14:32]   RK : yes
[14:33]   Hemant : Shai, any btst in mind ?
[14:33]   Varun : http://screencast.com/t/lVTI5UftA
[14:33]   Shai : No Hemant not on today’s profile here
[14:33]   Varun : see this vol spike at 8434
[14:33]   Shai : but we should get an explosive move tom
[14:34]   Hemant : Ok Shai, just a bit eager is all 🙂
[14:34]   Hemant : Will wait
[14:34]   RK : quite clear Varun
[14:35]   Shai : vols are there to suggest a shakeout tom – 93 L today+ 113 L y’day same range
[14:35]   Shai : but last friday was quiet
[14:36]   Varun : shai we need a big thust to break 8330
[14:36]   Varun : probably we rested today to regroup for it
[14:37]   Vikkas C : just the thot of brkng 8330 is scary..wonder what will happen
[14:37]   Shai : yes if we break range tom then that 8330 may bnot stay
[14:37]   Varun : and we dnt have any singles to repair upside for the first time
[14:37]   Varun : my take way was this from yesterday
[14:38]   Vikkas C : does 8300pe buy now makes sense
[14:39]   Varun : anything with 8470 as stop shld work
[14:39]   Varun : hey u sold 8700 ce
[14:39]   Varun : holding
[14:39]   Varun : ?
[14:39]   Vikkas C : haha..u remeber 😉
[14:40]   Varun : i remeber most of things 😉
[14:40]   r m : 🙂
[14:41]   Vikkas C : crudeoil moving in a falling wedge ..since the past 4 session..
[14:41]   Vikkas C : watch out guys
[14:41]   Manthan : MO????
[14:42]   Vikkas C : anay u there ?
[14:44]   Shailesh : Vikkas for crude i was reading sumwhr there might be a big spike in the month of Sep..so if you trade in crude you cn look at it
[14:44]   r m : MO at -60 right now, let us see what happens near close
[14:45]   Vikkas C : why whats theres in sept shailesh
[14:46]   Gaurav : New here what is the significance on MO values . It was disussed yesterday too at -49 and now -60. What should one look out for?
[14:46]   Varun : rm if mo at 60
[14:46]   Varun : then a break bwlow 8330 for all stops to trgigger
[14:46]   Varun : big flushout
[14:46]   Varun : and then a move up
[14:46]   Varun : devils mind
[14:46]   Vikkas C : yes varun ..just going to type that
[14:46]   Varun : khali hain
[14:46]   Shailesh : i think demand supply game so was mentioned in the same with historical values
[14:47]   Varun : and we get a flushout at 60’s
[14:47]   Varun : extreme one
[14:47]   Varun : look for a drive tmrw morning with lot of singles
[14:47]   Varun : elongated profile
[14:47]   Varun : tht mo recovery will repair
[14:48]   r m : yes Varun both scenarios likely, go up tomorrow and kill short stops before a deep sync swimming competition in global market or a short flushout!
[14:48]   Varun : hmmm
[14:48]   Varun : going up tmrw would give an easy exit to trpa bulls
[14:48]   Varun : of 8600/8400
[14:49]   Porus : plan will be disrupted if special session of parl is declared…
[14:49]   Varun : everyone has thr last stop at 8330
[14:49]   Varun : specila session cant do gst
[14:49]   Augustin : @Varun – Aren;t there more shorts than the Longs now?
[14:49]   Varun : its a constituional amend
[14:49]   Augustin : Will it not try flush out Shorts first?
[14:49]   Porus : or extension of parl?
[14:50]   Varun : rajya sabh already closed
[14:50]   Varun : chutti ho gai garmiyo ki wahan 😉
[14:50]   Vikkas C : ab winter ka wait
[14:50]   Porus : not closed…adjourned sine die….
[14:50]   Varun : ya tht happens when u dnt want any further business
[14:50]   Varun : u dnt do sine die and then reopen in normal cases
[14:50]   Porus : something seems to be cooking
[14:50]   Varun : but lets see
[14:51]   Varun : all i know thr is little turbullence global
[14:51]   Varun : tht mite nt lead to a problem
[14:51]   Varun : whenever currency starts playing
[14:51]   Varun : it is verey shaky
[14:52]   Varun : normally when a country prints notes its value falls
[14:52]   Varun : usa did excat opposite
[14:52]   Varun : awesoem strength
[14:52]   Porus : thats dsd is seen as a risk hedge
[14:53]   Porus : *usd
[14:54]   r m : @Porus, there are technical hitch for joint session, Rajyasabha has not defeated the bill else it would have been simple to call a joint session and pass it. Rajya Sabha is just sitting on it, Congressis are pakka crooks, they just dont want the economy to grow else their economy will be doomed for ever 🙂
[14:54]   Shailesh : 🙂
[14:55]   Porus : why were RS and LS ‘adjourned sine die’, ie without a reopening date. is that not unusual?
[14:55]   Porus : it is as if a gate is being kept open
[14:55]   r m : reopening date is announced by President i think
[14:56]   r m : not sure though
[14:56]   Manthan : OP Munjal Chairman of Hero Cycles dies at the age of 86
[14:57]   Porus : Shai, if price closes insde value but at lower end, is that indicative of a probable lower opening?
[14:58]   r m : Chairman or dy chairman rajyasabh could have allowed debate and voting inspite of hallagulla but they chose to not to do that to keep the bills pending – they have eaten Gandhi’s salt na 🙂
[14:59]   Shai : No Porus it doesn’t – infact may open next morning at the POC
[15:00]   Shai : RM MO down ?
[15:00]   r m : -60
[15:00]   r m : will check again
[15:00]   Shai : ok
[15:01]   r m : -62
[15:01]   Vikkas C : varun ur test
[15:01]   Varun : test sh;d hapne in next few mins
[15:01]   Vikkas C : ohh
[15:01]   Varun : but still a pivot point
[15:01]   Tejpreet : Am back in 8600 call at 25 for tmrw.
[15:02]   Varun : see smal spike strating
[15:02]   Varun : delat neutral hapning
[15:02]   Sumit K : Shai – time to buy calls as MO -62
[15:02]   Vikkas C : yes
[15:03]   Shai : Sumit price not conf a poistional play yet
[15:04]   Varun : 15900 seller
[15:04]   Vikkas C : is flush out happening today itself
[15:04]   Vikkas C : yet 25 mins to go
[15:05]   Varun : stop 55
[15:05]   Varun : lets see
[15:05]   Varun : paper trade
[15:05]   Vikkas C : but delta is not neutral
[15:05]   Varun : thts y paper 😉
[15:05]   Varun : but shai said vwp band + spike
[15:07]   Varun : 8405
[15:07]   Varun : 45 degree
[15:07]   Vikkas C : u saved by 2 points :p
[15:07]   Varun : i am wiinng now
[15:07]   Varun : 64 was entry 😉
[15:07]   Vikkas C : 🙂
[15:08]   Shai : setup right in BNf also
[15:08]   Vikkas C : for a vwap close shai
[15:08]   Varun : 10 points soming
[15:08]   Varun : 15
[15:09]   Shai : yes possibly
[15:09]   Vikkas C : brilliant
[15:09]   Vikkas C : varun
[15:09]   Varun : its the trade of fear
[15:09]   Varun : when u dnt urself dont believe it will happen
[15:09]   Varun : 😉
[15:10]   Varun : for reconfirmation see 30 min
[15:10]   Varun : it shows actual trade
[15:10]   Varun : 2 buyers were thr
[15:10]   Varun : just watched
[15:10]   Sandeep : how do you set tgt for these tardes varun
[15:10]   Vikkas C : yes just saw..brilliant ..
[15:10]   Varun : rr i do 1:3
[15:10]   Vikkas C : learnt something interesting today
[15:11]   Sandeep : okay
[15:12]   Varun : for this trade my trgt would b3 8405
[15:12]   Varun : dnt know it will some or not
[15:12]   Vikkas C : 18 mins left varun
[15:12]   Varun : thts the bad part
[15:14]   Shai : Nice 1 Varun BNF did 18175 to 18245
[15:14]   Vikkas C : vwap sd3 holds 9/10times when price touches it
[15:14]   Nishant : the win numbers for this trade setup would be close to 100% for long IB’s and within IB range(at extremes)
[15:14]   Hemant : Shai, BTST? Still a no entry?
[15:14]   RK : this setup would be great if you can 20 lots with 10 points stops 🙂
[15:14]   Varun : shai i wish we could prog this
[15:15]   Varun : ya 10 lakh fund, 10 nf
[15:15]   Varun : 1000 nf
[15:15]   RK : even 1:1.5 RR is fine..quick exit
[15:15]   Shai : Hemant go with a small qty of 8500 ce
[15:15]   Varun : keep on jobbing the entire day
[15:15]   Hemant : Ok Shai, ty 🙂
[15:15]   Varun : risk is 1%
[15:15]   Varun : u will never vblow out
[15:15]   Varun : shai rk and we did long chat on this
[15:15]   Varun : we need a con call
[15:16]   r m : MO at -66
[15:16]   Hemant : RM 🙂
[15:16]   Varun : @shai will mail you afew things to finw tune it
[15:16]   Shai : sure
[15:17]   Varun : alex told me i can prog it in md
[15:17]   Shai : some decnt longs ahve again come at 8360- 65
[15:17]   Varun : and a st will pop up
[15:17]   Varun : on screen
[15:17]   Varun : viaks we r winning
[15:18]   Varun : vikas
[15:18]   Vikkas C : yes
[15:18]   Tejpreet : Varunn i played the same with 8500 call sl just 2 points got 7….played 2000 8500 call.Thanks
[15:18]   Vikkas C : yes
[15:18]   Varun : buck it up 8405
[15:19]   Varun : awesome
[15:19]   Varun : tejpreet
[15:19]   Vikkas C : 64 to 87
[15:19]   Vikkas C : brilliant
[15:20]   Tejpreet : Best in option is you can take good quantity as SL is limited and with 90% probability of sucess it is a damn good set up
[15:20]   r m : great trading Varun!
[15:21]   Varun : 🙂 thanks rm
[15:21]   Shai : BNF ready t sleep at vwap- NF has 9 mins
[15:21]   RK : Tej again bravo..setup can only show path..but one should have guts to walk..great 🙂
[15:21]   Varun : bnf does vwap
[15:21]   Varun : from same point
[15:21]   Varun : yes
[15:21]   r m : yes Tejpreet, reversals are ideal to trade with option
[15:21]   Varun : crosses it
[15:21]   RK : Varun mine was little late at @68 still not bad 🙂
[15:21]   Tejpreet : Thanks RK great to be on such learning groung 🙂
[15:21]   Varun : 10 more to go
[15:21]   RK : kudos 🙂
[15:21]   Varun : in nf
[15:21]   Tejpreet : ground
[15:22]   Shai : Nice indeed Tejpreet
[15:22]   Kiran : today’s script is a must read.
[15:22]   Shai : 8 more
[15:22]   Augustin : Awesome @Varun
[15:22]   RK : Shai must be very happy today watching his fellas doing something with his charts :))
[15:23]   Vikkas C : varun tussi gr8 ho ..tohfa kabul karo 😀
[15:23]   Vikkas C : +1 RK
[15:23]   Gaurav : Good one Varun!! Cheers buddy
[15:23]   r m : taali bajao sab Varun ke liye 🙂
[15:23]   r m : moderator’s role 😀
[15:23]   Varun : seller come in at top
[15:23]   Anay : vwap almost done. well done Varun. 🙂
[15:23]   Varun : this would be it
[15:24]   Vikkas C : anay whats ur view on crudeoil
[15:24]   Shai : Nice
[15:24]   Shai : Not a small trde- did 35 plus
[15:24]   Srini A : Well done Varun. The greatest trait is to share the knowledge. You are awesome
[15:24]   Varun : had it neen with trend
[15:24]   Vikkas C : varun hope to meet u at necxt TC
[15:24]   Varun : wioth trend
[15:25]   Sumit K : Shai – got into 8600 ce
[15:25]   Varun : would have been smoother
[15:25]   Sandeep : great lvarun
[15:25]   Anay : @Vikkas crude is forming a doji near previous swing low on weekly. so this week’s range break should decide further direction
[15:25]   Hemant : Shai, tgt for 8500 CE remain the same ?
[15:26]   Vikkas C : yes ..falling wedge on 60 mins
[15:26]   Vikkas C : thanx anay 🙂
[15:26]   Shai : yes for now Hemant
[15:26]   Shai : you got a good entry there
[15:26]   Hemant : Indeed Shai 🙂 Had good exits as well today
[15:27]   Varun : on balance we will try to do this on regular
[15:27]   Varun : to increase confidence
[15:27]   Vikkas C : agreed varun
[15:27]   Varun : bal we fade, imbalance we breakout
[15:27]   Vikkas C : bnf killed it
[15:28]   John : Thanks Varun for sharing ur knowledge 🙂
[15:28]   Varun : nf dnt be mean
[15:28]   Varun : u cn do 4 more
[15:28]   Varun : we havea 2 mins
[15:29]   Anay : don’t be so stubborn. you can book your paper profits now 😉
[15:29]   Varun : vwao means vwap
[15:29]   Varun : and here it is
[15:30]   Gaurav : Brilliant!
[15:30]   Anay : haha
[15:30]   Anay : awesome
[15:30]   Augustin : Brilliant
[15:30]   Shailesh : Brilliant Varun
[15:30]   Tejpreet : haha Varun happy man now !
[15:30]   Vikkas C : brilliant varun ..cheers
[15:30]   Shai : 🙂
[15:30]   Rajat : vwap done
[15:30]   Shai : Bye all
[15:30]   Varun : tc
[15:30]   Tejpreet : Bye all.
[15:30]   Moses : Bye all
[15:30]   Augustin : Bye all
[15:30]   Shai : Have a nice evening
[15:30]   RK : bye all
[15:30]   Manthan : RM ji, MO??
[15:30]   Vikkas C : bye all
[15:30]   John : bye all
[15:30]   Porus : bye all
[15:30]   Gaurav : Good bye
[15:30]   Shailesh : bye all
[15:31]   Hemant : Ty Shai, folks 🙂
[15:31]   r m : @Manthan -65
[15:31]   Anay : bye all
[15:31]   Manthan : thanks,
[15:31]   Manthan : Bye all
[15:31]   r m : Thanks and bye folks have a great evening 🙂
[15:31]   Ashish : Bye all
[15:32]   Sumit K : Have a gut feeling – something positive coming today evening or tom morning
[15:32]   Sandeep : bye all
[15:33]   Nishant : bye all

[09:35]   Ashish : Shai, HPCL support levels please?
[09:43]   Shai : 863 and below that 844- 849 crucial
[09:47]   Ashish : Thanks..
[09:55]   Manthan : @Shai, Auro pHarma???
[09:56]   Gaurav : Shai How is Tata Motor Dvr for Intra
[10:03]   RK : Shai Tisco finally 🙂
[10:08]   Shai : Manthan same view 743- 777 roughly add 2 points
[10:08]   Shai : it being the value area of last week has to move beyond
[10:09]   Shai : tatadvr 244 res today may get lower supp intra at 236
[10:10]   Shai : Nice RK
[10:11]   RK : thanks Shai..HCL this week volume can push through 1000 Shai ?
[10:16]   Gaurav : Thanks Shai
[10:22]   Manthan : Thanks
[10:25]   Shai : RK vol is growing intra res also 985- let see what kind of vol is coming at 985
[10:26]   Gaurav : Rcom looks a good buy here positional?
[10:27]   RK : fine Shai..entry was around 940 and now trailing at 955..will check..thanks
[10:29]   Shai : rcom at supp but trending down still- may see 62 – keep it on radar but don’t initiate
[10:30]   Tejpreet : Shai views on Adani orts , strictly ID.
[10:30]   Tejpreet : ports
[10:36]   Shai : has res at 335 but good supp at 330.5 and 325 below may get bought
[10:39]   RK : Vikkas keep a watch on ACC on the verge of breaking major support if 1350 goes..almost similar setup like Tata steel
[10:40]   RK : though I doubt about break today due to volumes..If things turn around overall then it may
[10:44]   Vikkas C : noted.. thanx
[10:45]   Vikkas C : shai view on sksmicro ?
[10:45]   Gaurav : Reliance Infra hit 380 below 404 Shai? Can go long here or still weak?
[10:47]   Tejpreet : Thanks Shai for Adani lvlvs.
[10:51]   Shai : sks good move today- almost there at 533 which is obj 1 – buy dips for 544 – think 523 will hold all day
[10:51]   Vikkas C : thanx shai
[10:52]   Shai : relinfra not showing buying yet but fall likely to get arrested at around these prices
[10:52]   Shai : 374.5 intra supp
[11:00]   Gaurav : Thank you
[11:16]   RK : Shai the MWPL trade setup once you discussed, what would be MWP% level you would consider to go for taking puts by close?
[11:23]   Shai : RK best is 95 % but they don’t go there generally but stop around 88 where you can manage the puts by allowing 2-3 days
[11:24]   Shai : upside is definitely limited as market forces the longs out at that point
[11:25]   Shai : MWPL now- http://screencast.com/t/PPOvRddfJ
[11:26]   RK : so above 85% we can start taking some puts..right Shai?
[11:26]   Shai : yes- build on it in 2- 3 parts as the momentum can still take it up a bit
[11:26]   RK : India cem was the reason for this question
[11:26]   Tejpreet : Shai that MWPL was from heckyl data ?
[11:26]   RK : understand
[11:26]   Shai : yes heckyl
[11:27]   RK : this link also good
[11:27]   RK : http://hdfcsec.com/Derivatives/Market-Wide-Position-Limit.aspx
[11:27]   Vikkas C : what is MWPL model
[11:27]   Vikkas C : thanx RM
[11:27]   Tejpreet : Motilal Oswal just disconnected their service from August 5th.
[11:27]   Vikkas C : *RK
[11:27]   RK : Vikkas thanks to RM
[11:27]   RK : check this link
[11:27]   Vikkas C : hahha..
[11:27]   RK : http://vtrender.com/orderflow-charts-and-notes-170315/
[11:28]   Tejpreet : Thanks RK for hdfcsec link.
[11:29]   Shai : Yes I know about Motilal, but heckyl is growing and they are tapping the full brokerage industry here
[11:29]   Shai : think they got icici on board now
[11:29]   Tejpreet : Great I have an old account will check on icici .
[11:30]   Shai : everyone has an old account with icici and for most it is dormant 🙂
[11:30]   r m : @RK, just that R gets me so much credit 🙂
[11:30]   Tejpreet : But MWPL always means to buy puts …..like in India cements stock is down almost 20 % so unwinding should happen of shorts.
[11:31]   Shai : N it means chase the opp side of that OI buildup
[11:34]   Tejpreet : Ok got it….thanks.
[11:34]   Shai : amtek 144 should supp
[11:35]   Shai : idea now per MWPL is to buy calls in amtek
[11:35]   Tejpreet : sameway india cements should also be buy calls
[11:36]   RK : Welcome Tej
[11:37]   RK : RM yep R is always special 🙂
[11:37]   r m : lol
[11:38]   r m : @RK, R for Reflecting credit 🙂
[11:38]   RK : oh that way 🙂
[11:38]   RK : Shai dont get it on AMtek calls buying part..its locked in 95% now..calls?
[11:39]   Tejpreet : Amtek already in ban.
[11:39]   RK : Yes its in ban..so that means whenever it comes down worth to chase some calls?
[11:42]   r m : yes, it is coming down since last 8 days so we presume that shorts are driving force behind that future excess
[11:42]   Tejpreet : Now RK even I am not getting it …let us wait for Shai to clarify 🙂
[11:43]   r m : so a ban will force shorts to cover benefiting longs
[11:43]   r m : but once locked can’t buy 🙂
[11:44]   Tejpreet : So better to get in indiacement calls …as it is still open.
[11:46]   RK : ok got it RM..so its based on the trend which pushed stk into lock..once it reaches lock, go for contra option trades..Tej got it
[11:46]   RK : ?
[11:47]   Tejpreet : Yes RK …that is what i meant .(11:30) Tejpreet :But MWPL always means to buy puts …..like in India cements stock is down almost 20 % so unwinding should happen of shorts.
[11:47]   r m : just like fading the gap, here it is fading the excess because market wide ban forces the aggressive party to reduce their exposure to release the margin
[11:48]   RK : fine
[11:56]   Anay : Amtek and India Cem options are very illiquid
[12:05]   RK : Yes Anay..Just checking the parameters with examples so that can initiate trades later with some other stocks
[12:12]   Tejpreet : RK got into that 85 india cement call at 1.60 no sl. Let us see if MWPL plays out.
[12:16]   RK : Tej bravo 🙂
[12:18]   Shai : just a word of caution- MWPL is not intra play and the move around 2.45 to 3.30 is often huge
[12:18]   Shai : sometimes 11 the next day
[12:21]   Tejpreet : Thanks Shai for the inputs …will hang on to this one 🙂
[12:33]   Tejpreet : AMTEK SC begins look at vol in last 5 min candle.
[12:52]   Tejpreet : Shai can you have a look at voltas …ben too volatile yesterday and today.
[12:54]   Shai : voltas 306 is res abv tat 312 and 322 with sl below 302
[12:55]   Tejpreet : Thanks Shai.
[13:20]   Vikkas C : shai can u look into cipla and give lvls..
[13:21]   Vikkas C : tomo results
[13:30]   Shai : cipla for now positive abv 719 but if 719 goes can drop 20 points immediately
[13:31]   Vikkas C : ok thanx shai
[13:31]   Shai : see a 60 point move if volumes come on that result- positive abv 719 for 755/ 780
[13:31]   Vikkas C : super ..noted 🙂
[13:41]   Vikkas C : shai is bpcl showing reversal signs..can u pls chk?
[13:48]   Vikkas C : shai techm ur 565 lvl is here..is it a good place to short ?
[13:50]   r m : pappu ke notes – http://screencast.com/t/ojkwpNAb2iO
[13:50]   r m : 🙂
[13:51]   Vikkas C : hahaha RM..i read that today mrng on twitter
[13:51]   r m : even for that kind of speech this guy needs notes 😀
[13:52]   Tejpreet : hahaha Rm.
[13:54]   Shai : bpcl has a tail showing buyers today
[13:54]   Shai : can move to 900/ 910
[13:55]   Shai : abv 910 can drive to 970
[13:55]   Vikkas C : thanx shai
[13:55]   Shai : techm dropped already
[13:55]   Shai : 550 supp
[13:56]   Vikkas C : i shorted at 563
[13:56]   Shai : can do 523 if it clsoes below 550
[13:56]   Shai : good trade
[13:56]   Vikkas C : ok gr8 thanx 😀
[14:02]   Soumya : Shai can I add IDFC here with stoploss 140 and target 154 – my system trade – want a confirmation from the genius
[14:31]   Shai : idfc 137.6 is the proper sl – it’s an aggressive trade as price not conf a reversal yet
[14:32]   Shai : Genius? there are none in the mkt- all have been humbled or get humbled- better be a student always and keep learning
[14:33]   r m : 🙂
[14:33]   RK : Yes we accept one person as genius only when he refuses to accept him as genius 🙂
[14:33]   RK : RM Fair? 🙂
[14:34]   Soumya : True RK
[14:34]   Soumya : You are our true guide and friend shai
[14:35]   RK : Shai have interacted with many souls and you are all together different spice 🙂
[14:36]   RK : we respect and admire 🙂
[14:36]   r m : @RK, yes, very fair 🙂
[14:36]   Shai : haha Thanks
[15:09]   Vikkas C : hcltech…damnnnn
[15:09]   Vikkas C : full day gone in just a couple of minutes
[15:13]   Vikkas C : all IT cracking..what happened
[15:25]   Manthan : Shai, Auro Covered at 732
[15:25]   Manthan : 760-730
[15:26]   Shai : Very nice trade Manthan
[15:26]   r m : wonderful 🙂
[15:28]   Manthan : Thanks