General Chat Transcript
Date and Time: December 15, 2014 09:23:41
[08:53] r m : Good Morning folks!
[08:54] r m : http://vtrender.com/levels-and-plan-for-15th-dec/
[08:54] r m : http://vtrender.com/premium/orderflow-charts-and-notes-1212/
[08:54] Porus : GMa ll
[08:54] r m : NF Hypo1 below 8265➜8224-8222➜8165 SL 8297 Hypo2 above 8312➜8340➜8362 SL 8296 DEC Future levels
[08:55] r m : BNF Hypo1 below 18300➜18240➜18020 SL 18345 Hypo2 above 18350➜18430➜18510 SL 18290 DEC Future levels
[08:57] Shai : Gm all
[08:58] Ravi : GM All
[09:00] r m : USDINR jumps above PDH at open
[09:00] Ravi : Shai: RI; what is the maximum downside
[09:00] Ravi : RIL
[09:01] Sharad : GM all
[09:01] Shai : weekly tf?
[09:03] Ravi : yes
[09:04] Shai : supp at 834 cash this week
[09:05] Shai : should not break on current level of volumes on daily closing bais
[09:05] Shai : basis*
[09:05] Shai : Interesting morning coming up in Nifty
[09:05] Shai : friday’s dip buyers are in trouble at the open
[09:06] Shai : also we should open somewhere around the 8180 spot mark
[09:06] Shai : could be an OAOR
[09:06] Shai : but have to see if sellers cover and buyers come back in bigger numbers
[09:08] Keshav : gm all
[09:08] Shai : 8222- 8212 F and 8165 are ref levels below
[09:09] Shai : also on watch this week is the FA at 8363
[09:16] Keshav : opened at 3sd of yesterdays vwap
[09:16] Keshav : nf
[09:16] Keshav : bnf too
[09:17] Keshav : yesterdays likely to define some resistance
[09:17] Keshav : vwap
[09:18] Janak : 2 min and bn up 120 pts from day low!
[09:18] Janak : gm all
[09:18] Keshav : hi janak
[09:18] Janak : 345-420 quick trade
[09:19] Keshav : took that trade??
[09:19] Janak : yeah and sold at 420
[09:19] Janak : booking ag 375
[09:19] Janak : chai-pani done today 🙂 rm sir
[09:21] Shai : BNF till holding that 18300
[09:22] Assortz : GM all..BNF mutiple bottom there now since last week
[09:23] Shai : holding 8235 most probabaly a test of 8266 gap fill
[09:23] Amit J : 10 year is down 100 bps since sept end.
[09:23] Shai : sl of 10 points here for 20 point reward to 8266
[09:24] r m : @Janak, Sirjee chai-paani se to kuchh jyada ho gaya hoga 🙂
[09:25] Janak : doodhwali chai? ;
[09:25] r m : @Janak, I can see that you’ll never leave the magic no 420 alone 😀
[09:26] Janak : bn jumps 30 to cross 420!
[09:26] Janak : 50
[09:26] Janak : 80
[09:26] Janak : 🙂
[09:26] Janak : thats a vertical rise man
[09:26] r m : Hypo2 taget1 done by BNF
[09:27] r m : yesterda’s vwap touche
[09:27] Janak : (09:23) Shai :sl of 10 points here for 20 point reward to 8266
[09:27] Keshav : yesterdays vwap showing some resistance in bnf
[09:27] Janak : shai good call man – i took bn long there
[09:27] Janak : 410-480
[09:27] Janak : thnx
[09:27] Amit J : bn jumping on 10 yr. it will outperform.
[09:27] Keshav : me too
[09:28] Keshav : what is the relationship amit
[09:28] Amit J : treasury gain and int rate fall indication
[09:29] Keshav : oh
[09:31] Shai : BNf still bullish abv val
[09:31] Shai : 18420 sl forvah18530
[09:32] Shai : NF is below pdl and bnf abv val
[09:32] Shai : the mismatch is complete
[09:33] Shai : positional BN weekly is a 18200 sl for 18520 spot tgt
[09:34] Shai : 18370 now- equal R:R
[09:34] r m : @Amit, Treasury gain will benefit PSU’s more? they park most of their funds in govt securities
[09:34] r m : PSU banks
[09:36] Amit J : yes
[09:37] Keshav : thats nice
[09:37] Janak : again fantastic call shai
[09:37] Janak : bn crosses 500
[09:37] Keshav : bnf showing good relative strength
[09:39] r m : Hypo2 Target 2 also done
[09:39] Janak : nf will have no choice but to follow the queen
[09:39] r m : now the ball is in Janak’s court 🙂
[09:39] Janak : i am the ball man 🙂
[09:39] Shai : 18533
[09:39] Keshav : haha
[09:39] Janak : a trend day in making shai?
[09:39] Porus : Shai, 18580 is still a target?
[09:40] Janak : 250 pts up in 25 min flat!
[09:40] Shai : 80% rule
[09:40] Shai : Porus in BNF? trail below 18510
[09:40] Porus : ok
[09:41] Shai : that 80% rule is big if it comes before 11
[09:41] Shai : last week it gfailed to make an impact after 2 pm
[09:43] Sharad : what is VAH in BNF?
[09:44] r m : 18543 on my charts
[09:45] Sharad : so 80% already done
[09:45] r m : yes
[09:45] Sharad : ok i am late
[09:45] Sharad : trade gone
[09:45] Keshav : a move towards vwap possible in bnf
[09:46] Janak : lot of sls will be around 550?
[09:46] Janak : likely to be hit
[09:47] Keshav : shai is ther any significance to a sudden change in dpoc
[09:47] Keshav : ??
[09:48] Keshav : the point of control in tpo charts dont change this sudden right?
[09:48] Shai : yes when volumes increase
[09:48] Shai : these are vol dpoc
[09:48] r m : @Janak, 18538 was the pullback high, next comes FA at 18620
[09:48] Shai : tpo is 30 min
[09:48] Janak : ok rm
[09:48] Keshav : okay
[09:48] Janak : i meant that lot of positional / intra sellers might have the sl around 550
[09:49] Janak : those would be butchered today
[09:49] r m : I don’t think many shorts built up in BNF, it was not going anywhere since last few days
[09:49] Keshav : as far as i understand that doesnt work so much
[09:50] Shai : 8235 imp in NF
[09:50] Keshav : okay
[09:51] Keshav : shai just a reminder on the audio alert on the pink green line
[09:52] Shai : Yes Keshav that has been taken up
[09:52] Shai : Pogrammers are on leave – so may take some time
[09:52] Keshav : okay
[09:52] Shai : but we will get it done’
[09:52] Shai : BNF confirmd ope drive
[09:53] Shai : vwap imp all day to hold
[09:53] Shai : if fails we may fall to day low again
[09:53] Keshav : yes eyes on vwap
[09:53] Shai : supply near vah
[09:53] Keshav : shai do you run some trading arcade or something?
[09:54] Shai : arcade? as in gaming?
[09:54] Keshav : nf starting to move
[09:54] Keshav : no like a trading firm or something
[09:55] Shai : No
[09:55] Keshav : okay
[09:55] Amit J : shai can you check rupee chart on weekly. below what level can we expected big strength coming in
[09:55] r m : FII added net long index futures yesterday although significant shorts also added http://screencast.com/t/XVpQ8djAv5J
[09:56] Shai : yes there were longs at the close on friday- shorts could have been early in the day
[09:57] Shai : so far fri longs are still in NF- no liquidation seen
[09:57] Shai : Sure Amit
[09:58] Keshav : i think 8280 is going to play a bit. who so ever got long at yesterdays close might try to cover up there
[09:59] Shai : possible
[09:59] Keshav : bnf moves back to vwap
[09:59] Sharad : todays buying in NF is due to 8180 spot touch… which can fad by evening i think
[09:59] Keshav : have to look for clues now
[10:00] Sharad : Shai’s 8165 on radar ??
[10:01] Sharad : because NF failed to gain with BNF rise … so it will drag BNF also
[10:01] Shai : 62.62 F and 62.25 supp for usdinr
[10:02] Shai : upto 62.25 there may be dip buyers in usdinr- only if 62.25 breaks then can drop
[10:02] Sharad : can drop to previous 61.88 your old support
[10:02] Shai : yes
[10:02] Sharad : ok
[10:02] Shai : Sharad have t watch pdl and 8235
[10:02] Porus : 8266
[10:03] Sharad : yes if 8235 goes then only thinking of 8165
[10:03] r m : NF in Value Area but N
[10:04] r m : but NF was in a trend day so VA not important
[10:05] r m : oops, VAL at 8304, I was looking at MP charts
[10:07] Keshav : do you guys stay active in the trading room after market sessions??
[10:08] r m : no, immediately run away 🙂
[10:08] Keshav : 🙂
[10:09] Janak : Keshav when shai used to have comm. charts – i used to practically live in trading room till 11.55 pm :_) i dont know why he has stopped comm. charts
[10:10] Keshav : oh
[10:10] Janak : i am thinking to write to NM abt this 😉 we will have a close-door meeting with RM and draft a petition against shai ;
[10:10] Amit J : shai any view on hdfc ltd and max. insu bill likely to be cleared today
[10:11] r m : @Janak, count me out man, those long hours are meant only for young folks like Shai and you 🙂
[10:12] Keshav : rm age doesnt make any difference
[10:12] Keshav : its just our choices in life
[10:12] r m : yes Keshav!
[10:12] r m : just wanted Janak to feel young and vibrant 😀
[10:12] Keshav : nice
[10:13] r m : but just NSE is long enough for me
[10:13] Keshav : yes me too
[10:13] r m : trading MCX meant no time for reading, preparations or any other thing in life
[10:13] Janak : crude has fallen from 7k to 4k – might become free very soon ;
[10:14] Keshav : when i started our i was never able to hold to the screen for even 4 hours in strech
[10:14] Keshav : out
[10:14] r m : ok
[10:14] Keshav : crude might hit 10 $
[10:14] Keshav : in the long run
[10:15] Keshav : alternate technologies are in place
[10:15] r m : @Janak, I though Crude was on GOSF 2014 sale!
[10:15] r m : *thought
[10:15] Janak : what is GOSF man? i dont no nothing abt urdu ;
[10:15] Shai : Max if 390 crosses can do 396 again
[10:16] Shai : res at 396 now and if crosses will spurt to 408 easily
[10:16] r m : @Janak, Google Online Sales Festival 🙂
[10:16] Janak : lol
[10:16] Keshav : oh
[10:16] Ravi : Tata Value Homes throgh GOSF
[10:16] Shai : HDFC good low in place – on track for 1113
[10:17] Shai : 1092 now
[10:17] Shai : 1113 res short term
[10:17] Sharad : Shai if Gov Securities yield has gone down means rate cut is coming ??
[10:17] Shai : yes
[10:18] Shai : Bond markets factored in rate cut even at the last meeting
[10:18] Sharad : 2024 bond from october 100 to 104 right now
[10:18] Shai : but they know it is inevitable nw- just the wait
[10:19] Keshav : where do you guys monitor bond prices
[10:19] Shai : IF nF stays abv 8258 Now can move to 8296
[10:19] Keshav : is it avaiiable for trading
[10:19] Sharad : falcon yes at NSE
[10:19] Shai : am away from screen for an hour
[10:20] Shai : an Q pls send as a PM
[10:20] Keshav : how to do that
[10:20] Keshav : got it
[10:25] Amit J : i see at bloomberg.
[10:26] Keshav : bloomberg terminal?
[10:27] Amit J : yes
[10:27] Amit J : for closing data see reports on ccil publications – daily
[10:27] Keshav : ohhh
[10:27] Keshav : what is ccil
[10:27] Keshav : ?
[10:28] Keshav : sorry m just starting out to understand things
[10:28] Keshav : college was hopeless
[10:28] Amit J : ccilindia.com
[10:28] Amit J : publications – daily report
[10:29] Keshav : okay
[10:31] Keshav : hi amit do you work for some financial institution or something?
[10:33] Keshav : some selling happening i guess
[10:33] Keshav : in nf
[10:33] Ravi : 8100-8400CE are stll being written
[10:33] Amit J : yes banking analyst at an broking house
[10:33] Ravi : still
[10:34] Keshav : oh okay.
[10:34] Ravi : keshav waht about you?
[10:34] Keshav : m a student
[10:34] Keshav : i would like to have a career in financial research
[10:34] Ravi : best of luck
[10:35] Keshav : thanks ravi
[10:36] Janak : i am also trying to get an admission in DSA – Dehradoon Scalping Academy
[10:36] Keshav : i have been reading a lot and testing new ideas for the past 3 years
[10:36] Keshav : nice janak
[10:36] Keshav : scalping is something
[10:38] Keshav : amit is it possible to get in touch with you
[10:38] Keshav : email may be
[10:38] Keshav : i would like to take some career advise
[10:38] Amit J : great Keshav. chat in personal at 9892881821
[10:39] Keshav : sure. whatsapp after market hours
[10:40] Janak : amit – me too would like to know more abt u – my id is janak@be-search.co
[10:40] Janak : janak@be-search.com
[10:42] Keshav : 18500 might play crucial in bnf
[10:42] Keshav : important fractal
[10:42] Keshav : and lot of volumes moved in there
[10:44] Keshav : booked nf
[10:44] Janak : ?
[10:44] Janak : i thought nf will end at 8330 today
[10:44] Keshav : price action seems weak
[10:45] Keshav : had to cover up yesterdays loss in bnf
[10:46] Keshav : 8285 seems like some good resistance
[10:47] Keshav : over and above might see some action
[10:47] Keshav : and moreover we just closed the morning gap
[10:56] Keshav : janak any action in bnf
[10:56] Keshav : ?
[10:56] Janak : it is buy on dips till vwap is gone
[10:57] Janak : 574 1st tgt
[11:19] Amit J : 1113 high hdfc. class shai. thanks
[11:21] Ravi : starting early in fin market will yield best returns in 3-2 mkt cycle of 4-5 years per cycle
[11:21] Ravi : 3-4
[11:22] Ravi : i started in early 1989 and am 48 now
[11:22] Ravi : almost 24 years besides my job
[11:23] Assortz : 24 years in mkt is great..:)
[11:27] Ravi : still 8300ce is written!!
[11:28] Amit J : shai your level above 1113 in hdfc?
[11:30] r m : @Amit, send that as PM, Shai is on mobile I think
[11:31] Amit J : Thanks RM
[11:31] Ravi : hdfc in chart at 45 deg. shai predicted perfectely
[11:31] Ravi : will hdfcbank follow?
[11:31] Amit J : its due to insurance play. other insurance players should also follow
[11:32] Amit J : exide rcap max ab nuvo
[11:32] Ravi : idfc too like that
[11:32] Amit J : no
[11:34] Amit J : what a trending move i bought at open
[11:36] Keshav : been out on a phone call
[11:37] Keshav : 24 years is awesome. m your fan
[11:37] Keshav : @ravi
[11:38] Keshav : which city did you start out trading
[11:38] Ravi : Chennai
[11:38] Keshav : still in chennai??
[11:38] Keshav : m from chennai too
[11:40] Keshav : rm pm shai on twitter or by clicking moderators in the trading room??
[11:40] r m : clicking moderator
[11:40] Ravi : hdfcbank…………..
[11:41] r m : @Keshav, if you PM Shai he gets a blink on chat tab which gets his attention when he is busy doing something else 🙂
[11:41] Keshav : okay
[11:41] r m : otherwise the message gets lost in the general chat
[11:42] Keshav : hmm
[11:42] Keshav : if we get a double top on bnf that would be nice
[11:42] Keshav : for a move back down
[11:43] Keshav : nf however seems positive
[11:50] r m : Series so far – BNF in 300 point range http://screencast.com/t/DS2rEL7X
[11:51] r m : NF still trending down http://screencast.com/t/pM7pk46UFe
[11:52] Keshav : seems like ninjatrader has cool features to
[11:52] Keshav : too
[11:52] r m : yes, it is very good for intra, but does not have field for OI
[11:52] Keshav : thats one awesome looking volume profile
[11:53] r m : free too 🙂
[11:53] Keshav : does that come with the free package??
[11:53] Keshav : volume profile?
[11:53] Kathir : Hi all 🙂
[11:53] Keshav : hi kathir
[11:53] r m : dvaluearea is a free indicator provided by some helpful soul!
[11:54] r m : Hi Kathir, looks like you will be back full time only when bulls regain control 🙂
[11:54] Ravi : dv is 1SD RM?
[11:54] Keshav : which version are you running rm and any cheap data source. m fed up with amibroker
[11:54] Kathir : i am back full time from now 🙂
[11:54] r m : good Kathir
[11:55] Kathir : now its up to ypu to decide bull or bear
[11:55] r m : @Ravi, DV area is 1SD 68% but different from vwap sd band
[11:56] r m : @Keshav, since NT is free I always upgrade to the latest NT7 is the current one
[11:56] Ravi : It matches with 1 SD and hence asked rm
[11:56] r m : ok
[11:56] Keshav : data provider for nt?
[11:57] r m : @Keshav, I am using a utility but neotrade analytics is now providing data for NT7
[11:57] r m : i tried their stuff but was not stable, guess they are fixing up the bugs
[11:58] Ravi : hdfc bank keeps bnf at…….
[11:58] Keshav : hmm
[11:58] Ravi : in good momentum
[11:58] Keshav : utility?? some terminal to data software
[11:58] Keshav : ??
[11:59] r m : yes, from NEST or ODIN to NT
[12:00] Keshav : is it available in some forum or for subscription? i would really like to move our of amibroker
[12:00] Keshav : nf showing some good relative strength
[12:00] Keshav : compared to banknifty
[12:00] Amit J : wpi time
[12:01] r m : it is available from Yusi on traderji on request, it is a giftware but you can try neotradeanalytics too, they got 3 days free trial
[12:01] Amit J : should e below 1%
[12:01] Keshav : okay thanks
[12:01] Keshav : rm
[12:01] r m : welcome
[12:01] Keshav : i will check these options
[12:01] Amit J : 11:37 Shai : upto 1153 if we hold 1113 at close today
[12:03] Keshav : some big volumes came in nf
[12:03] Keshav : 10k plus
[12:03] Keshav : 100
[12:07] Amit J : o% infl
[12:08] r m : yeah
[12:08] r m : WPI fuel is -4.9%
[12:08] r m : WPI Food only .63%
[12:10] Janak : rm placing a part-book at 575 – will it come?
[12:11] r m : @Janak, is that some ref level?
[12:12] Assortz : break of day high may lead to FA 620
[12:12] r m : yeah
[12:13] Keshav : in bnf?
[12:13] Assortz : yes
[12:13] Janak : IBH break trade
[12:15] Keshav : i am looking for short entry
[12:15] Kathir : @RM whats the VAH value for nf and bnf today?
[12:15] Keshav : but nf not supporting
[12:16] Keshav : lets check for pink line
[12:17] r m : @Keshav, my charts value not in sync with Shai’s charts
[12:17] r m : 8333/18543 on my charts
[12:17] Keshav : okay
[12:17] Kathir : ok thanks
[12:20] Keshav : usd inr doing good
[12:22] Ravi : VAH for NF:8333??
[12:22] r m : @Ravi, yeah, looks like my data is not correct 🙁
[12:23] Kathir : POC
[12:23] Ravi : 8269
[12:23] Kathir : 8334
[12:23] Kathir : but here VAH shows 0
[12:24] Kathir : in VT i mean
[12:24] Ravi : ibh 8253
[12:24] r m : @Kathir, value in my charts are agreeable with MP charts here 🙂
[12:24] r m : looks like Janak shorted!
[12:25] Kathir : nice entry below vwap with pink
[12:25] r m : bnf below Shai-rekha
[12:27] Janak : WTH hell was that fall man
[12:28] r m : BNF did’nt like lack of inflation!
[12:31] Ravi : 18510 candle fell to 18435
[12:32] Ravi : T is being shown as 18395
[12:34] Janak : buy at 440 will work?
[12:36] Assortz : Janak 465 gave support twice since morning..may be buy above 465 for 510 with SL of 420 might work
[12:39] Assortz : and NF is trading below PDL..so need caution for longs
[12:39] Ravi : 18300ce is under shrtcovering and pe under short buitup
[12:40] Kathir : @rm will bnf go to 350 now below previous close?
[12:41] Janak : ok. i am taking a chance here at 425 / s 375
[12:41] r m : @Kathir, it can, below vwap on an open drive one can expect day’s low
[12:42] Janak : for 80% trade – val-poc-vah
[12:42] Rahul N : @shai ..i have long positions in bank of india and union bank (futures)
[12:42] Janak : it is against pink and with delta – so can work / can’t also
[12:43] Rahul N : what should be my stop loss and medium term target?
[12:43] r m : @Rahul, please PM Shai, he maybe on mobile
[12:44] Kathir : @sharad dlf 148.5
[12:44] Kathir : @assortz r u a full timer now?
[12:44] Kathir : i mean full time trader
[12:47] Assortz : sort of Kathir
[12:48] Kathir : @assortz call me eve if you are free around 5
[12:49] r m : @Kathir, room taken over by TN folks 😀
[12:50] Kathir : only two now
[12:50] r m : even Janak is in Pondy which is almost TN 🙂
[12:50] Shai : bankindia dec F has to cross 288.8 today for strength
[12:50] Kathir : yeah
[12:51] Shai : then tgt can be 293.4 possibly 299.4 by friday
[12:51] Shai : sl is 281 if long
[12:51] Assortz : Janak is in pondy..my second home town 🙂
[12:51] Assortz : RM 🙂
[12:51] Shai : same with union bank dec F
[12:52] Shai : 218.5 cross will give strngth
[12:52] r m : @Assortz, that is great!
[12:52] Shai : supp is 211.3 now
[12:52] Shai : but abv mentioned levels need to cross fro strength
[12:54] Kathir : @shai shall we short bnf with SL above vwap for days low test?
[12:54] Kathir : or wait for long above vwap?
[12:55] r m : @Kathir, Ravi and Keshav also suspected to be from Chennai 🙂
[12:55] Kathir : is it
[12:55] Kathir : why suspect we will clear now
[12:55] Shai : BNF is a short below vwap again
[12:56] Assortz : RM yes thats true..room has majority of south 🙂
[12:56] r m : TN =Trading Nadu 😀
[12:56] Shai : short higher near vwap
[12:56] Shai : or below 18420 now
[12:56] Kathir : shai Sl for this
[12:56] Assortz : Shai am looking for that Red line to short
[12:56] Shai : 18465 for below 420
[12:56] Ravi : If we are from Srilanka, you may suspect but I am from chennai
[12:57] Kathir : ok thanks
[12:57] Kathir : lol
[12:57] r m : lol
[12:57] Shai : else dpoc +10 near vwap
[12:57] Kathir : ok shai
[12:57] Kathir : @shai NF now below vwap and pink any trades there
[12:58] Ravi : 8267 shorted long back
[12:59] Shai : yes can go back to 8235 with sl of IBH +few
[12:59] Kathir : good ravi already 10 +
[12:59] Kathir : ok shai
[13:00] Assortz : one good trade in morning from 8243 to 8266
[13:01] Kathir : ok i was late today an normally i dont trade before 11 am monday 🙂
[13:02] Rahul N : thanks shai
[13:02] Janak : TCS has fallen 500 pts in 2 weeks!
[13:02] Janak : almost 20%
[13:04] Kathir : @janak tcs 2500 pe was around 6 on dec 2nd now 120 🙁
[13:05] Janak : checn cnxIT 10kpe on 6 dec and today
[13:07] Kathir : is it trading shows 00
[13:11] Ravi : http://profit.ndtv.com/news/market/article-why-tcs-shares-have-hit-five-month-low-713057
[13:12] Janak : looks more a case of insider trading
[13:16] Kathir : @ravi thanks for the link
[13:16] Keshav : @kathir m from chennai
[13:16] Keshav : broadband in chennai sucks
[13:17] Keshav : the connectivity just got resumed
[13:17] Kathir : ok keshav am in coimbatore
[13:17] Keshav : did have any openings in bnf
[13:17] Keshav : did not
[13:18] Kathir : was there in chennai for around 7 years 2000-2007
[13:18] Kathir : 12:56 Shai : short higher near vwap
[13:18] Kathir : 12:56 Shai : or below 18420 now
[13:18] Keshav : oh. i was in delhi for the last 4 years
[13:19] Ravi : keep tata docomo datacard as standby
[13:19] Kathir : 12:56 Shai : 18465 for below 420
[13:19] Keshav : good connectivity in chennai??
[13:19] Keshav : tata docomo
[13:19] Keshav : ??
[13:20] Ravi : am from Cbe and settled in chennai but makes frequent visits to my farm house there
[13:20] Keshav : anyways not a big time trade. i trade only one lot.
[13:20] Keshav : so my double top in bnf did work out
[13:21] Kathir : ok ravi..where is your farm
[13:22] Janak : bought more bn at 405 / sl 375 again
[13:22] Keshav : bnf seems weak
[13:22] Janak : purely on delta
[13:24] Janak : hoping 455
[13:24] Keshav : should learn to play bnf like
[13:24] Keshav : 5 min plays
[13:24] Janak : pl teach me man
[13:25] Keshav : i am tellin i have to learn
[13:25] Keshav : i dont have the guts to play those trades
[13:25] Janak : 🙁 then rm can teach 🙂 chairman of DSS
[13:28] r m : @Janak, currently we are holding a seminar on “1000 ways of becoming a millionaire (from billionaire)” in DSS 😀
[13:28] Janak : LOL
[13:28] Keshav : many should have some solid content to speak
[13:28] Keshav : who is the keynot speaker?
[13:30] Janak : rm 405-455 done / still holding the one taken at 425 – kuch DSS ka ashirwad mil tata to ;
[13:30] Keshav : reversion back to vwap might lead to further shorts in bnf
[13:31] Janak : chalo 425-479 bhi done – ab chai pilao 🙂
[13:31] Keshav : got to price action there
[13:33] r m : @Janak, kitnee chai piyoge? ab to beverage badal lo 🙂
[13:33] Keshav : yes
[13:33] Keshav : m took some black tea this morning
[13:34] Janak : CAAPI 🙂
[13:34] r m : yesterday it snowed in hilltops near Dehradun, only I should be allowed have hot drinks 🙂
[13:35] Janak : u shd be allowed everything hot man – 🙂
[13:35] r m : lol
[13:35] r m : other things don’t require permission 😀
[13:35] Janak : for everything else – there is mastercard??
[13:36] r m : 🙂
[13:36] Janak : this looks like 550 move man
[13:36] r m : looks like BNF got afraid of going down, maybe it smelt that Janak is long!
[13:36] Janak : i am tempted here again to go long for 550
[13:37] r m : it is above Shai-rekha
[13:37] Janak : ok chalo 475 long / sl 440
[13:37] r m : (12:36) Assortz :Janak 465 gave support twice since morning..may be buy above 465 for 510 with SL of 420 might work
[13:37] Janak : ok
[13:38] r m : I am a very good book keeper 🙂
[13:38] Janak : 🙂 true
[13:38] Assortz : done RM 🙂
[13:39] Janak : booked out?
[13:39] Janak : i am greedy so will hold till 550
[13:39] Assortz : holding small hoping for break out abouve IB high
[13:39] Janak : or nothing
[13:39] r m : @Assortz – wonderful man 🙂
[13:39] Janak : assortz is the man of the match today at VT 🙂
[13:40] r m : 🙂
[13:40] Keshav : i still suspect some weakness in bnf today
[13:40] Assortz : @Janak:)
[13:40] Keshav : price action wise
[13:41] Keshav : nf looks stronger from morning
[13:41] Keshav : without considering the gap
[13:42] Assortz : moved to cost price..next trade only above IB high or below 400 only
[13:42] Keshav : bnf in the same range for last 5 days
[13:42] Keshav : move above would be nice
[13:43] Shai : 18290 spot holds today we still get tat 18513 spot
[13:43] Shai : has done 18470 spot
[13:43] Janak : ok shai – seller at POC/IBH is sending bn down 50-100 everytime
[13:43] Shai : 9.33 call – (09:33) Shai :positional BN weekly is a 18200 sl for 18520 spot tgt
[13:44] Assortz : thats for good Janak to keep momentum up quickly once crossed that level..
[13:44] Shai : short sl’s triggered
[13:44] Shai : green and delta indicate buyers coming in
[13:45] Keshav : shai is it possible to use this pink and green line for positional charts??
[13:45] Ravi : 18300pe writing and 18300ce shortcovering creates 2 way movement since morning
[13:46] Keshav : that would be helpful to trade some break outs
[13:46] Shai : Keshav positional concepts is given as a trade alert on @V2of
[13:47] Keshav : what is that
[13:47] Keshav : ?
[13:47] Keshav : v2of
[13:52] Keshav : short bnf @480
[13:57] Janak : both delta above 200 / green -and above vwap – whats more required for a sharp rally up now?
[13:58] Assortz : @Janak 2.30 required 🙂
[13:58] Janak : lol
[13:58] Keshav : some price action conformation too
[13:59] Shai : Keshav details are in teh welcome kit
[14:00] Shai : send message to the twitter ID @V2OF to start form your twitter handle
[14:00] Keshav : okay
[14:00] Shai : trying aggressive long again 8257 sl for 8297/ 8312
[14:00] Janak : vow thats a big one shai
[14:01] Janak : 50 pts in nf
[14:01] Janak : so bn can give 650?
[14:01] Shai : Watching 8240 spt on Nifty
[14:01] Shai : a close abv 8240 spot will give us 8338/ 8384 by friday
[14:01] Shai : has to open abv 8240 spot tom as well
[14:02] Keshav : short covered
[14:02] Shai : sl will be 8199 on that trade in spot once we get a close abv 8240 spot , rest of this week
[14:02] Shai : 40 point arisk
[14:03] Janak : thats 150 up from here in NF
[14:04] Janak : strong seller at 515-550 in bn
[14:04] Shai : yes only if that 8240 spot is crossed at 3.29
[14:05] Keshav : okay
[14:05] Keshav : janak where do you find this information volume at price??
[14:05] Janak : just guessing man
[14:06] Keshav : actually some good selling there
[14:06] Keshav : volume at price delta
[14:11] Keshav : does usdinr weakness has any significance to rate cut or something??
[14:11] Kathir : @SHAI normally if nf or bnf goes to ps3 or pr3 will there be a reversal from there or some consolidation?
[14:11] Keshav : all four currency counters weak
[14:13] r m : ES is knocking at 2k
[14:15] Kathir : @RM coming down or going up
[14:15] Kathir : ES
[14:15] r m : going up
[14:15] Kathir : ok
[14:17] Assortz : ES is in nice channel..
[14:17] Assortz : almost at middle and hit either boundary of the channel 🙂
[14:17] r m : ok
[14:18] r m : daily chart http://screencast.com/t/eCHw3mUVtaV
[14:18] Assortz : am talking abot smaller time frame RM
[14:18] Assortz : about
[14:18] Amit J : expiry today of spx
[14:19] r m : yes, daily chart is just to show about swing highs and lows
[14:20] r m : looks like NF and BNF want to have a normal day unless Janak has some other goals in mind 🙂
[14:21] r m : NF is NV so far, can’t be normal
[14:21] Janak : goals nt sure bu girls – a lot ;
[14:21] r m : hope none of that “lot” is watching your chat 😀
[14:22] Janak : not that i know – goals ka to kya he ki 550 mil jaye fir to bas 615 will do
[14:22] Janak : 🙂
[14:23] r m : ungli pakadte pakadte … 🙂
[14:24] Janak : ungli me angoothi – angoothi me nagina – sridevi said that ;
[14:24] Janak : and she dont lie nothing man
[14:24] r m : wow! only Sridevi movie i notice was “English Vinglish”, that was good!
[14:25] Janak : https://www.youtube.com/watch?v=s_7I33PdpXI
[14:26] Keshav : wish i learned some hindi in delhi
[14:26] Janak : sunny paaji singing ungli me…..he is better with thos dhai haath and all that;
[14:27] Keshav : so no hinglish only english
[14:28] r m : lol
[14:29] Keshav : that video link by the way says not available with safety mode enabled
[14:29] r m : @Keshav, wonder how you managed in Delhi without Hindi, easier to manage in TN without tamil 🙂
[14:29] Keshav : my friends and batchmates rarely spoke india
[14:29] Keshav : hindi
[14:29] r m : ok
[14:29] Assortz : DPOC stll resisting..and then we have POC.
[14:30] Janak : alright keshav – for u here – one of my fav. songs from Kaadhalar Dhinam – rm watch out sonali here man – https://www.youtube.com/watch?v=h0JNePYUg3k
[14:30] Assortz : again to VWAP
[14:30] Keshav : oh
[14:32] Keshav : do you guys have any sort of trading anthem or something??
[14:32] Keshav : i actually had one
[14:32] Keshav : played it everyday
[14:32] Keshav : for 15 mins
[14:32] Keshav : before opening
[14:32] r m : good, we’ll adopt that one as VT’s anthem!
[14:33] Assortz : hope biggies would come in now after lunch..r m: NF is NV so far, can’t be normal
[14:33] Janak : yea A – ur 2.30 is here
[14:33] Keshav : https://www.youtube.com/watch?v=j5-yKhDd64s
[14:33] r m : yes, NF has only two choice, NV or Neutral
[14:34] Assortz : oh pink is there..just seen
[14:35] Keshav : @shai advise on short bnf
[14:35] r m : @Keshav, that video suggests that one just entered BNF longs and it crashed 500 points 🙂
[14:36] Keshav : yes
[14:37] Janak : one thing i dont understand is that South Indian girls so beautiful – why they import girls form north for the films???
[14:37] Janak : prob. the audience loves them more?
[14:37] r m : That is for national integration!
[14:38] Keshav : yes
[14:38] Keshav : rm
[14:39] Janak : bn ready for a tank it seems now
[14:39] Janak : to 440/400
[14:39] Keshav : i am waiting for shorts
[14:39] Janak : unless those OTF guys step in in next 10 min
[14:40] Keshav : the structure is weak
[14:48] Janak : how do i know the price of 15500ce on 15th may and 16th may’14?
[14:48] Janak : we had a 1000 pt gap up on the result day
[14:48] r m : http://www.nseindia.com/products/content/derivatives/equities/historical_fo.htm
[14:51] Janak : thnx rm – i think i am missing something – that 1000pt gapup was lottery for some ces in bn that day
[14:54] r m : @Janak, part of that gap up must have been balanced by premium decay, it was a known risk hence options must have been priced very high prior to results day
[14:56] Keshav : true
[14:57] Janak : ok
[15:01] r m : looks like sellers in BNF got tired of banging their heads on Shai-rekha!
[15:02] Janak : what is that red line rm?
[15:02] r m : that is the line drawn by Shai to keep BNF in discipline 🙂
[15:02] r m : Shai’s baton!
[15:03] r m : I think that level is derived from previous high volume nodes
[15:03] Janak : ok
[15:03] Keshav : red line plays good most cases
[15:04] r m : yes, ideal days are those when price gets caught between two red lines, just keep trading between till one of them breaks 🙂
[15:05] Keshav : bang on the redline
[15:06] r m : yeah, sellers don’t like this normal day one bit!
[15:07] Keshav : nf playing bnf today
[15:08] Shai : spot not closing abv 8240
[15:13] r m : MO near -60
[15:13] Shai : ok
[15:13] r m : but declining volumes at 56% not very high
[15:13] Shai : maybe a sideways move
[15:13] r m : ok
[15:13] Shai : coming this week after the big fall of last week
[15:17] Kathir : dlf made bears very happy today
[15:19] Kathir : @rm MO at 80 will be a reversal chance right?
[15:19] Shai : expected more from bulls toay in NF
[15:19] Shai : kind of a weak ull in view
[15:19] Shai : *bull
[15:19] Kathir : volumes very low shai
[15:19] Keshav : yes
[15:19] Shai : abg Kathir
[15:20] Shai : bUt all the media is screeming “buy the dip” but no evidence of that big buyn
[15:20] r m : @Kathir, only July lows took MO to below -80
[15:20] Shai : and top bears were closing shrts at this level on friday
[15:20] Kathir : oh ok
[15:21] Keshav : tomorrows play will be a decider
[15:21] Ravi : 8000-8400ce writings made on last friday anf today yielded very good profits for writers
[15:21] Shai : yes
[15:21] Shai : 8400 pe clsoing out is bad fr bulls
[15:21] Janak : nifty spot up 32 pts and NF up by 57 – that is bullish?
[15:21] Shai : was the top pe strike
[15:22] Ravi : 9-13 Rs from 8000-8400ce
[15:22] Kathir : @janak today?
[15:23] Kathir : @shai nifty spot was sent back strongly when it tried to cross 240
[15:26] Kathir : @rm todays nifty spot high is important for tomrw?
[15:26] Ravi : nf 8300 ce and pe witnessed short buildup and long liquidation but bnf 18400 ce and pe had long buildup and short buildp and hence bank is bullish and nf is flat
[15:28] r m : @Kathir, can’t comment on that but on slightly longer term (month’s end) Shai has given this view on blog — As of the moment, the imbalance created on the downside should not exceed 8180- 8140 on the downside for this month. If these levels hold during the coming week, then responsive buying should emerge to close the index near 8400 levels at the turn of the month/year.
[15:29] r m : 8400CE is worth 23 bucks 🙂
[15:30] Ravi : yes
[15:30] Janak : its a rally tom
[15:30] r m : Thank and bye folks, have a great evening 🙂
[15:30] Janak : bn did 40 in last min
[15:30] Ravi : 23% and 7 Rs only
[15:30] Shai : be all
[15:30] Shai : have a nice eve
[15:30] Porus : bye
[15:30] Ravi : bye
[15:31] Amit J : bye
[15:31] Keshav : good day
[15:31] Keshav : guys
[15:31] Kathir : @rm thanks
[15:32] Kathir : thanks and bye all