General Chat Transcript
Date and Time: January 15, 2015 09:24:57
[08:56] r m : Good Morning folks!
[08:56] r m : 25 bps rate cut by RBI
[08:57] Porus : GM all
[08:57] r m : http://tinyurl.com/owl5dqd
[08:57] r m : http://vtrender.com/levels-and-plan-for-15th-jan/
[08:57] r m : http://vtrender.com/premium/orderflow-charts-and-notes-14-jan/
[08:59] r m : NF Hypo1 below 8307➜8271➜8244 SL 8333 Hypo2 above 8349➜8389➜8422➜8448 SL 8332 JAN Future levels
[08:59] r m : BNF Hypo1 below 18690➜18605➜18560 SL 18744 Hypo2 above 18750➜18820➜18870 SL 18685 JAN Future levels
[09:00] Porus : Hope Sharad is still short USDINR
[09:01] Amit J : whats your view RM, 140-150 pts gap up expected
[09:02] r m : yes Amit, sgx nifty is up by 170-180 points
[09:02] r m : 155 point now
[09:03] Porus : Will IT move up too? OR will it be used to balance BNF?
[09:03] r m : maybe shorts will begin building
[09:04] RK : Good morning all and happy pongal 🙂
[09:05] RK : so those buyers at close knew some news:)
[09:05] Rav : [15:29] Rav : 8370-8390 gap up opening is likely tomorrow
[09:06] Sharad : GM all
[09:06] Sharad : Yes Porus my 80% position of short USD intact…
[09:07] Sharad : from begining i am sayying expiry below 61 USDINR
[09:07] Shai : Gm all
[09:08] Shai : So Rajan coontinues to shock and awe
[09:08] Rahul G : gm all was anyone long 🙂
[09:09] Rahul G : shai what to do if we are short now
[09:09] Shai : have to watch the open
[09:09] Shai : 8464 F ref line’
[09:10] Shai : if it breaks we may come back to 8388
[09:10] Shai : else 8560 if we stay abv 8464
[09:11] Shai : BNF eyes at 19256 F
[09:11] Shai : short covering abv 19256 F can bring 19593F
[09:12] Kathir : GM Shai RM ge and all friends 🙂
[09:12] r m : Hi Kathir 🙂
[09:12] Kathir : @rahul having some TCS ce 🙂
[09:13] Kathir : that i bought based on shai’s close above 2518
[09:13] r m : wow!
[09:13] Rahul G : i have short 🙁
[09:13] Rahul G : on tcs only
[09:13] Kathir : @RM rav predicted this gap up yest..is he RR’s friends ?
[09:13] RK : am long in NF and BNF but in small qty..
[09:14] Kathir : wow RK super
[09:14] Rahul G : good one rk
[09:14] r m : @Kathir, Rav can read minds via option build up 🙂
[09:14] r m : @RK, great!
[09:15] Rav : 8271 8306 positional longs with 8300ce and 8400ce
[09:15] Rav : 8491 booked
[09:15] Shai : 19462
[09:15] r m : wow! Congrats Rav 🙂
[09:15] Kathir : CONGRATS GUYS
[09:16] Sharad : if INR does not hold 61.80 then 61.40
[09:16] Sharad : Shai can you please give levels for USDINR downside
[09:16] r m : @Kathir, did you see Rav’s exit, nothing left on the table for the poor folks who bought from him 😀
[09:17] Kathir : 🙂 yeah
[09:18] RK : 8472 and 19340 booked
[09:19] Rav : good vol selling
[09:20] Sharad : 28 lacs volume in 5 minutes
[09:22] Rav : 8300ce:104 244
[09:23] r m : @Sharad, here is hourly chart of USDINR OCT series when USD was in same range
[09:23] r m : http://screencast.com/t/SqTQsfvq
[09:24] r m : @Rav, great trading man!
[09:24] Rav : 8400ce holding
[09:24] Kathir : @rk come to chennai for Rav’s party 🙂
[09:24] Rav : last 2 days, i did not make profit but Pongal gave me 1.63 lacs
[09:24] r m : lol
[09:24] Kathir : for RM too
[09:25] r m : sure Kathir, I won’t even ask Rav (he may decline) 😀
[09:25] Kathir : wow..really delicious pongal
[09:25] Kathir : 🙂
[09:26] Rav : 8400ce 55 to 123 exited
[09:27] Amit J : shai your view on hul
[09:28] Shai : vwap not sustaining at open
[09:28] Sharad : Yes thanks RM
[09:28] Rav : sc in all ce
[09:29] RK : Kathir your expiry party and out pongal party, we will celebrate together 🙂
[09:29] RK : *our
[09:29] Kathir : sure 🙂
[09:30] Sharad : 8400 and 8500 CE writung started
[09:30] Sharad : Put sorry
[09:30] Kathir : @RK market unfair for me..tcs not even up 10 rs 🙁
[09:31] r m : @Kathir, market balanced betwee you and Sharad 🙂
[09:31] Sharad : why me RM
[09:32] Kathir : sharad usd/inr short so
[09:32] Sharad : i am happy with INR well
[09:32] Shai : HLL rising up in a channel
[09:32] Shai : strong uptrend
[09:32] Shai : can do 950/ 964 still this week
[09:32] Sharad : still not cutting any position
[09:32] r m : @Sharad, sorry that is Rahul who was short on TCS
[09:33] Sharad : oh ok
[09:33] RK : Kathir may be after result
[09:34] Rav : nf feb started building up
[09:34] Kathir : yeah RK
[09:38] Shai : usdinr 61.76 projected imbalance tgt
[09:39] Shai : 61.94 res
[09:40] Shai : 19400 has selling volumes
[09:45] Rahul G : shia yr views on asian paints
[09:46] Shai : can some1 check what’s happening at 19500 ce?
[09:46] Kathir : yeah just watching that shai nothing happening freezed
[09:46] Rav : LBU
[09:47] Rahul G : shai even 19600
[09:47] Shai : looks like all calls are frozen
[09:49] Rahul G : we cannot buy or sell these, so what happens now if someone is holding them ?
[09:49] Rav : 19000ce SC 19500 LBU
[09:49] Kathir : @rav is 19500 volumes happenning now?
[09:50] Shai : asian paints is a range breakout
[09:50] Shai : 860 was obj of the break
[09:50] Shai : good on a dip to buy
[09:50] Shai : 796 a goood supp
[09:50] Rahul G : okay thanks
[09:51] Amit J : shai hcc any view
[09:51] Sharad : Shai 81.76 matches with my 61.80 … but what about if it breaks …i want to unload 50% posiotion and expecting 61.40 can you give your support numbers
[09:51] Shai : (09:09) Shai :8464 F ref line’
[09:52] Shai : (09:10) Shai :if it breaks we may come back to 8388
[09:52] Rav : 19900 only vol is building up
[09:52] Rahul G : NSE : Dealers report technical snag in select F&O stocks !
[09:52] Kathir : ok
[09:53] Rav : Many shorts and margin issue is surfacing
[09:53] Shai : Amit hcc code?
[09:53] Rahul G : NSE:HCC
[09:54] Sharad : 8400 PE SBU added 11 lacs
[09:56] Shai : HCC short covering abv 29.3
[09:56] Shai : 1st obj was 30.2 almost there
[09:56] Shai : close abv 30.2 can send it to 31.4
[09:56] Rav : absence of strong oi in any of the ce abobe 8400 is the issue for short
[09:59] Sharad : Ravi 8400 and 8500 both have 44 lacs position
[10:00] Sharad : 8600 and 8700 35 lacs calls position
[10:00] Rav : it is equal to 7900pe only…
[10:01] Rav : at least one ce must have more than anyone of the 7900-8300pe
[10:01] Sharad : yes that is true
[10:01] Rav : now gates are open for more upside
[10:02] Rav : upto 9000
[10:02] Sharad : how you say just for learning asking
[10:02] Rav : if prebudget rally start coming in
[10:04] Sharad : if 9000 is coming as per Ravi… INR can easily go 60 / 60.50.
[10:08] RK : this 10 point range in NF has good sellers
[10:09] Shai : 1 hour later option pricing not open yet
[10:09] Shai : NSE washes hands clean
[10:10] Rav : I am getting from nse
[10:10] Kathir : @shai before that 250 poits sell off day nf spot high was 8452 and today 8453
[10:10] Shai : price is frozen
[10:10] Shai : thought it was price freeze but over 30 mins now
[10:10] Rav : yes 70-120%
[10:11] RK : am getting
[10:11] Shai : Now open
[10:11] Rav : they are stopping option writers and buyers afresh
[10:11] Shai : I had a few 19500 ce’s to offload 🙂
[10:12] Kathir : congrats shai
[10:12] RK : big B :))
[10:12] RK : Kathir then its time for us to fly pune to get a party..:)
[10:12] Rav : 19200-19800 was blocked
[10:13] Rahul G : congrats shai
[10:13] Kathir : @RK we should live in pune for party all weekends 🙂
[10:13] Kathir : and once in a month trip to DD also 🙂
[10:13] Shai : lol
[10:13] Shai : BNF down
[10:14] Shai : 19410 and 19210 are sellers
[10:14] Rav : 76 to 148 that 19500ce
[10:14] RK : Kathir thats right..we should rent a apartment there and let us stay for some time 🙂
[10:14] Shai : 8450- 56 sellers
[10:14] Kathir : 🙂
[10:14] RK : DD after retirement from Markets..we will settle there 🙂
[10:15] RK : I have seen 178 Rav just now
[10:15] RK : it dropped quickly
[10:15] Shai : let’s see if we ger 8388 here
[10:15] Shai : 8465 is not crossing
[10:16] Rav : it is more than lgiht waves
[10:16] Shai : OAOR open
[10:17] Varun : oaor ?
[10:17] Varun : of line also disappeared
[10:17] Shai : open auction away from range
[10:18] Varun : hmmm
[10:18] Shai : 8407/ 8388 supp below 8465
[10:18] Shai : BNF 19065/ 18866
[10:18] Varun : or as in mp, we can sell cos its outside value and a range extension on anyside possible
[10:19] Shai : outside value is always OTF
[10:19] RK : delta racing away
[10:19] Varun : if range breaks on lower side
[10:19] Shai : can move back to range or away depends on OF
[10:19] Shai : on 6th we move away
[10:19] Varun : hmmm
[10:20] Shai : today so far towards value
[10:20] Varun : delta at max
[10:20] Varun : boom
[10:23] Varun : wht has more resisitance power dpoc or vwap
[10:24] Shai : depends on day type
[10:24] Shai : trending day will mostly ot see vwap cross
[10:24] Shai : *not
[10:24] Varun : k
[10:24] Varun : and in value days dpoc
[10:24] Varun : ?
[10:24] Shai : if it crosses then entire stucture changes as happened yesterday
[10:25] Shai : yes value days dpoc will hold price close
[10:25] Varun : gr8, thanks
[10:25] Varun : cn u upload the of line
[10:25] Varun : OF
[10:27] RK : Tata steel continuosly trades below PDC..except for small hike at open
[10:28] RK : 400 to 373 in 2 days
[10:28] Rahul G : varun i think the red-blue OF line is way down
[10:28] Rahul G : because of the gap days or trend days it stays down
[10:28] Rahul G : or up
[10:29] Varun : bt thts just an indiacator i think
[10:31] Rahul G : i am not sure- shai can comment on it more- but I think it is like any averages it will take time to catch up but out here it will take price movement to catch up
[10:32] r m : @Varun, it is a plot with value below the scale right now
[10:32] r m : if OF is put on auto scale then chart will shrink
[10:32] Varun : i read tht if blue/red and pink/green sync
[10:32] Varun : one shld trade in tht direction
[10:33] r m : @Varun, the large OF should be a guaranteed blue right now with price so much above it!
[10:33] Varun : k gr8
[10:34] Varun : so whenever the price is in action with it, it will be visible
[10:34] Varun : ?
[10:35] r m : if the chart is zoomed out right no it will become visible but chart will become non-usable
[10:36] r m : OF must be slowly limping up 🙂
[10:37] Varun : thnks
[10:37] r m : welcome
[10:40] Rav : bought bnf
[10:44] Varun : big seller at 46
[10:44] Varun : 446 at 36
[10:46] Rav : 19200-19600ce SC and pe writing.
[10:47] Rav : will push bnf
[10:49] Rav : 8100-8500ce sc and pe writing will push nf
[11:00] Shai : vwap in BNF
[11:00] Shai : always imp when day open is sold off
[11:01] Rav : 19263 is vwap shai
[11:01] Rav : or 19255
[11:01] Varun : we r a abv vwap of nifty- bullish ?
[11:02] Varun : hw it is imp, like of cross over it ?
[11:05] Shai : vwap is avg price till day and often used by pepke to place stops etc
[11:05] Shai : shorts at 8430 and below IB are again trapped
[11:05] Varun : hmm
[11:05] Shai : we can have a FA alos
[11:06] Varun : ues
[11:06] Shai : Rav it’s 255 here, but sometimes it varies depends on ticks prvided
[11:06] Sharad : ES started upward journey following Nifty
[11:06] Varun : yes
[11:06] Shai : play vwap as an area not a number
[11:07] Shai : es cross of 2017 will force another round of short covering
[11:09] Sharad : 8400 put writing 15 lacs…. wah wah..
[11:10] Varun : when do u expect the traps to cvr
[11:10] Sharad : Varun tomorrow should be a big day
[11:10] RK : 8436 has huge volume
[11:11] Varun : ya 446 sold
[11:12] RK : it wont be tough above 8464
[11:12] Varun : cos its a lvn zone ?
[11:13] Rav : 8440-8469:29 quick points
[11:13] Shai : short covering
[11:13] Shai : looks like that 446/ 187 of IBLOw went away at 8448
[11:13] Shai : Now FA move is on
[11:14] Rav : nf heavy vol
[11:14] Varun : and its a big tail
[11:14] Shai : 8491/ 8510 obj abv 8470
[11:14] Varun : gr8 conviction
[11:15] Shai : 19317 in BNF abv vwap
[11:15] Varun : bt taking resistance at ur ref level of morning, stil holds-shai ?
[11:15] Shai : yes sellers were there
[11:15] Varun : or dva
[11:16] Shai : has to cross 8470
[11:16] Varun : abv 68 is a lvn
[11:16] Varun : shld be easy to cross
[11:16] Shai : just abv dva for it to go back to trend
[11:16] Varun : k got it
[11:17] Varun : like mrk ki chabi is in the hands of otf,:)
[11:17] Kathir : delta nf high
[11:17] Shai : yes Kathir sellers pushing max here
[11:17] Kathir : tall red bars
[11:18] Varun : if long wht shld be stop loss in nf
[11:19] Rav : i kept 8430
[11:20] Rav : 19131 sl for bnf
[11:20] Varun : as shai said in ov mrkts vwap is imp level, so i think 3-4 points below vwap?
[11:20] Kathir : -400 nf
[11:21] Shai : that 8465 F is where the 9th dec selloff is on the spot and the high of 5th Jan
[11:21] Shai : 8445- 8452 levels
[11:21] Shai : last region for the bear
[11:22] Varun : huge sller at 63, if price doesnt fall means absorbed ?
[11:22] Shai : OrderFlow also shows sellers interested in that level from Open
[11:22] Shai : so just tread acrefully here – long or short
[11:23] Shai : BN spot 5th Jan high is around here 19170
[11:25] Rav : RIL sc set in
[11:26] Shai : es 2017
[11:27] Sharad : all real estate stocks 10%
[11:27] Sharad : leaverage stocks benefit most by rate cut
[11:27] Varun : huge selleing being absorbed, delta at negative max and price not cming dwn
[11:27] Sharad : going to 8520 ?
[11:28] Sharad : above IB high ?
[11:28] Shai : Last Mon we were at 19281?
[11:29] Sharad : above IB high possible after 1 pm
[11:29] Shai : yes that delta is a recipe for a quick move either direction here
[11:29] r m : 2jan high was 19284
[11:29] Shai : could be 40 quickly up or down
[11:29] Shai : Thanks RM
[11:29] Varun : shai but time spent at lows very less as compared to 60’s level
[11:30] Varun : doesnt mean mrkt sccepting this value
[11:30] r m : 5th jan it sold off from 281
[11:30] r m : welcome
[11:31] Rav : ril pushing up nifty
[11:32] Varun : nw those sellers will run
[11:32] Varun : can we hve a 20 tick strait
[11:32] Varun : 🙂
[11:34] r m : Results tomorrow – Axis Bank, Wipro, Reliance
[11:34] Shai : NF abv 8470
[11:34] Rahul G : shai require some help on IDFC and BANKINDIA
[11:34] Shai : sure Rahul
[11:35] Kathir : nf delta surprising
[11:36] Varun : shai delta max negative and mrkt rising?
[11:36] Rahul G : kathir I think this is wrong or should change soon
[11:36] Varun : significance
[11:36] Kathir : nf up 40 points from lows but delta moving other side highs
[11:36] Rahul G : thr has been instance before also when delta kept getting negative and market rising
[11:36] Kathir : nothing wrong i guess
[11:36] Varun : and wht hpnd aftr tht
[11:36] Varun : @rahul
[11:37] Rahul G : thr was data issues and the next day delta was around only -100
[11:37] Rahul G : this was in nove expiry week
[11:40] Rav : itc,ril moving up
[11:41] Rav : sbi axis hdfc bank 3-4%
[11:41] Shai : 8491
[11:41] Shai : 305
[11:42] Kathir : @shai anything rong with delta NF
[11:42] Rav : booked nf and bnf
[11:42] Kathir : Rav on fire 🙂
[11:42] Shai : (11:14) Shai :8491/ 8510 obj abv 8470
[11:42] Varun : booked 50 percent at 90
[11:43] Rav : 8400pe writing is heavy
[11:44] Shai : data is fine
[11:44] Kathir : ok
[11:45] Shai : there is one heavy seller at 8460/ 8463 wh is still holding on
[11:45] Shai : and not covered
[11:45] Rav : yes kathir shifting to writing and ril
[11:45] Porus : 19317
[11:45] Shai : see 361 + 149 at 8460
[11:45] Shai : that is creating that delta imbalance now
[11:46] Shai : morning shorts covering has created this upmove to 8490
[11:46] Kathir : yes shai
[11:46] Shai : sometmes these players can hold
[11:46] Shai : he may bring price down to 8465 again by selling higher
[11:47] Kathir : he keeps on sellin at all possible levels today it seems
[11:51] Shai : anything abv 150 in that 30 min column box in FP chart is a large player
[11:51] Shai : mostly an institution
[11:51] Shai : BNF also crossed 19316
[11:52] Sharad : 8400 PE writing 23 lacs massive
[11:53] Amit J : HUGE PANIC IN 8400 CALL WRITERS. SHAI what is possibility of days high close
[11:53] Shai : large abv 8465
[11:53] Shai : possibly 8565 F
[11:54] RK : those 8400 call writers only pushed down last 2 days
[11:54] Shai : (09:09) Shai :8464 F ref line’. (09:10) Shai :if it breaks we may come back to 8388.(09:10) Shai :else 8560 if we stay abv 8464
[11:54] Shai : aborted auction at 8428 can set up a neutral extreme day
[11:55] Varun : in next 3-4 day we will revisit 8430
[11:55] Rav : now all ce writers trapped
[11:55] Varun : failed auction rule
[11:55] Varun : else a very very big upmove
[11:56] RK : seems 8463 sellers averaging here..volume is picking up on selling side
[11:56] Rav : 8600ce price:200%
[11:56] RK : if both these sellers run for cover then similar action like 8280 to 8310 yesterday
[11:57] Sharad : Shai Es… 2023 may open around 2030 only
[11:57] Sharad : friday will become FRY..DAY for bears…
[11:58] RK : ES bulls are tired in regular hours fighting bears and sclap their part now
[11:58] Rav : rk option pain shifted from 8300 to 8400 after 12 days
[11:59] RK : Rav I think for the 06th Fall 8400 played major role..right?
[11:59] Kathir : @rav what is the basic point we take from Max pain
[11:59] RK : setting range then..
[11:59] Sharad : 8800 Ce buying… added 11 lacs
[12:00] Rav : 8400pe :72 to 55
[12:00] Rav : yes
[12:01] Rav : that is the writers magic point to make all calls and puts worthless and pocket full profit
[12:01] Kathir : ok
[12:01] Rahul N : @shai i have dlf long from yesterday, should i book now or it can move higher?
[12:04] Rav : last 25 min buy volume is more
[12:05] Rav : Rahul. I booked at 145.60 one lot
[12:10] Sharad : ES … 2025
[12:11] Rav : PCR:1.47 amazing
[12:13] Sharad : Ravi at this PCR where can we go till 9000 ?
[12:15] Rav : considering put base from 7800-8400:600 points, next stop is 8400+600:9000 if prebudget rally starts
[12:17] Rav : there is not much ce writing above 8400 in this series to counter those puts
[12:17] Sharad : wah wah… great
[12:17] Rav : despite passing 50% of time till date 29/2:14.5 today is 15th
[12:18] Sharad : you mean to say there is lot of time to play out this 9000…
[12:19] Shai : dlf Jan F vol spiking
[12:19] Shai : 1481. 1 Jan F is the price obj on weekly
[12:19] Shai : 145. 1 supp for that to happen
[12:20] Shai : IDFC cash 164 is resistance
[12:20] Shai : 160.6 supp
[12:22] Shai : bankindia not moving up as expected
[12:22] Shai : supp at 300.6
[12:22] Shai : cash
[12:22] Shai : below that may fall hard to 286
[12:22] Rav : they made single digit today in 7800-8000pe. They will now pump more to make 8100-8400 OTM during expiry
[12:23] Shai : BNF looks trapped here between 2 volume zones at 19290- 19240
[12:24] RK : first time seeing such delta
[12:26] RK : many scrips slowly moving up in the range
[12:26] Kathir : @RK yes few months back it showed more than 1000 but there was some wrong calculation which shai corrected..but this one seems to be alright
[12:27] RK : ok
[12:28] RK : 253/218/231 around 8490 on selling and now 150
[12:28] RK : reason for such delta i think
[12:31] Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/071338d4-82c0-4788-b4a0-25b2d712f2c3
[12:35] Rahul N : @shai whats the range for yes bank futures now ?
[12:39] RK : seems it has turned down fight b/w biggies at top
[12:40] Rav : Buying pressure is more in nf
[12:40] Shai : yes Bank Jan obj is 832 tom but sl is still at 807
[12:41] RK : Yes Rav thats why it holds at top
[12:41] Shai : 150 blue
[12:41] Shai : some covering happening
[12:42] Rav : crossing 8509…
[12:43] Rav : 8700ce sc..
[12:46] Shai : cross of 8510 F opens up positional 8726 F
[12:46] Shai : sl of FA point
[12:46] Sharad : wow Shai 8726 … Great target
[12:47] Shai : 8726 F
[12:47] Kathir : this month sahi?
[12:47] Kathir : shai
[12:47] Rav : heavy vol
[12:47] Shai : at some point there will be a dip in next 5 days which should hold 8427- 8388 gap zone
[12:47] Sharad : if you say we will surely reach there by next week
[12:47] Kathir : yeah …
[12:49] Rav : saw 8541 in sgx morning
[12:49] Kathir : oh is it
[12:49] Sharad : China 3.5% up… roumer of lending norms to be eased
[12:50] Shai : day is neutral now
[12:50] Shai : can be neutral extreme or neutral center
[12:50] Shai : still planety left in the day to trade
[12:50] Shai : mentioned NE obj is 8560 F
[12:51] Kathir : @shai neutral center means where will be the close.?
[12:52] RK : what is today FA point? 8432? or 8427?
[12:54] r m : 8427
[12:54] Kathir : @RM i thought you are not infront of screen
[12:54] RK : Thanks RM..My nest just resumed
[12:55] r m : @Kathir, I am sleeping just here 🙂
[12:55] Kathir : ok 🙂
[12:55] Kathir : delta threatening me NF
[12:55] Kathir : afraid to see this numbers
[12:56] Kathir : -750
[12:56] RK : short covering could also lead to there..right?
[12:56] Kathir : huge volume
[12:56] Shai : yes
[12:57] r m : @Kathir, it happens everytime there is a big gap up or up trend day
[12:57] Kathir : ok
[12:57] RK : we have many 150 from 8440 levels and all that has to be covered whenever new high is in making
[12:57] Kathir : hmmm
[12:57] r m : i guess aggressive short against their cash buying on such days!
[12:58] Kathir : infact many 200 +
[12:58] Shai : RK, Kathir prefer a dip before we think 8700 F
[12:58] Shai : like to see 8430 or even 8388 being revisted
[12:58] Kathir : ok
[12:59] RK : ok cancelled my buy 🙂
[12:59] Shai : don’t think it will come today but like I said possible from tom
[12:59] RK : tmw is fryday and we may get a chance or else we will play from 8600 to 8700 🙂
[13:00] Shai : 89 today and 100 from yesterday’s range
[13:00] Shai : 189 up from yesterday highs
[13:00] Shai : does not make sense to make fresh buys
[13:00] RK : true
[13:00] Kathir : yeah better wait
[13:01] RK : even if we drop below 8388, we will have big support in 8270-80 for the series as of now
[13:01] Shai : 8508 seller again
[13:04] RK : Cama weekly breakout level is 8494 S and sofar the high is 8483
[13:04] Kathir : @shai delta FP – is it treats new short and profit booking selling equally
[13:05] Shai : yes
[13:05] Kathir : ok
[13:05] Shai : unfortunately systems are not upgraded enough to tells us shortcovering from buying
[13:05] RK : it considers market orders and it can be new sell or market covering
[13:05] Kathir : ok 🙂
[13:06] Shai : yes so we don’t know if it is previous buyers selling or new sellers
[13:06] RK : in a normal day, market covering takes place a lesser part and only on these kind of event days market covering comes in to place in a bigger level
[13:06] Shai : principle of the market at work : after you buy , you are a seller and after you sell you are a buyer
[13:07] Shai : True RK
[13:07] Rav : nf is clear LBU
[13:07] Rav : with SC
[13:08] Shai : yes that is based on Open interest and volumes which needs a confirmation at close
[13:08] Sharad : ohh wow my USDINR 61.80 already done …waiting for 61.76 Shai level
[13:08] RK : and the best part for the bulls is finally the rate cut cycle has started..am sure it’s not going to end with just one cut though it takes time
[13:10] Kathir : @sharad yes really it is YOURS 🙂
[13:10] RK : Kathir seems 1000 on its way # delta 🙂
[13:11] Kathir : keshav will be happy 🙂 he asked for 200 points NF he got it and delta 🙂
[13:11] Kathir : @RM ?
[13:12] Shai : there are 2 sets in that delta fig of -737 : one is at 8564 who is about -400 minus and the other at 9490- 94 who is -700 by himeself
[13:12] Shai : 8490- 94 ***
[13:12] Kathir : so he is still short right?
[13:13] Shai : yes
[13:13] Kathir : y r right shai he will go short @ 9490 also 🙂
[13:13] Kathir : you
[13:13] Shai : 🙂
[13:14] Kathir : where is his SL..may be he is waiting for noon session
[13:14] Shai : OTF time is 2- 3 10
[13:14] Kathir : ok
[13:15] Kathir : @shai if he starts covering nf will reah 8560 easily?
[13:15] Sharad : Shaiiiii 61.76 gone what next now ???
[13:15] Sharad : low 61.7525
[13:16] Kathir : @sharad next your party for us 🙂 asap
[13:16] Sharad : sure Kathir any time in Jan expiry
[13:16] r m : @Kathir, at this rate we’ll have to charter a plane to attend all these parties 🙂
[13:17] Kathir : lol 🙂
[13:17] Sharad : yes RM lets all meet at Pune….halla bol at Shai’s place
[13:17] Kathir : @rm only diff is we both only attend parties 🙂
[13:17] r m : good idea 🙂
[13:17] r m : @Kathir, 🙂
[13:18] r m : @Kathir, always see the positive side, we save on party expenditure 😀
[13:19] Kathir : yeah 🙂
[13:19] RK : Kathir me too only attender 🙂
[13:20] Kathir : No RK you are already qualified for party giver 🙂
[13:20] r m : @RK, it is the guests who add value to a party 🙂
[13:20] RK : may be in Feb series 🙂
[13:20] Sharad : 8400 PE my god 30 lacs added…. 8500 put 11 lacs written
[13:21] RK : RM dont worry ..we will certainly attend DD party 🙂
[13:21] Sharad : 8600 and 8800 call both added 15 lacs
[13:21] RK : had driven down to Goa once and next plan is your teritory 🙂
[13:22] Kathir : @RM you know about pongal festival?
[13:22] RK : *territory
[13:23] r m : @Kathir, yes
[13:24] Kathir : today pongal here entire TN is holiday except me RK and Rav 🙂
[13:24] r m : we have makar sankranti here, khichdi is cooked (lentil, rice)
[13:24] Kathir : ok
[13:24] r m : yeah, same here too!
[13:26] RK : every street is celebrating
[13:26] RK : with games and cultural events 🙂
[13:26] Kathir : all roads totally free ..happy to drive today mor
[13:26] r m : Sun is coming to us now, hence celebrations “Uttarayan”
[13:27] Kathir : oh ok
[13:27] r m : wonder why south celebrates, maybe sun going northwards gives some respite 🙂
[13:27] RK : we thank sun today and start of harvest season is the festival logic here 🙂
[13:27] Kathir : here it is actually harvest festival
[13:28] r m : yes, here also
[13:28] RK : three days festival..yday was wiping out old things sothat new things will come to you
[13:28] RK : today thanks to sun
[13:29] Kathir : @RM tomorrow is pongal for cows and goats here
[13:29] RK : tmw thanks to cow and other farm animals mainly celebrated at villages in a big way
[13:29] Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/acddae59-fb5d-452f-bf0e-f53745891d3e
[13:30] Rav : nifty fut lbu sbu details
[13:30] Kathir : they will bath paint the horns and make pooja to them
[13:30] RK : awesome rav
[13:31] r m : ok, we celebrate “Goverdhan” cattle pooja, next to Diwali day
[13:31] r m : Thanks rav!
[13:32] Kathir : Rav nice data thanks
[13:32] Kathir : @RM ok
[13:32] Rav : wc
[13:32] RK : sellers fading
[13:33] Sharad : wow Ravi thanks this one is very nice
[13:36] Sharad : Ravi.. is this MYFNO data
[13:37] r m : all compiled by Ravi himself!
[13:38] r m : made to order excels
[13:38] Sharad : does not look like excel sheet that is why asked
[13:38] Rav : not myfno.it is not there
[13:39] Rav : huge lbu
[13:39] Sharad : ok fine
[13:40] Shai : 19344 cross can give a 60 point move to 19405 the morning seller
[13:40] Sharad : Shai 61.74… please can you give next support for INR
[13:41] Sharad : 61.72
[13:45] Shai : that 61.67/ 61.72 band has supports, 61.40 today if 61.67 breaks now
[13:45] Shai : open drive down so expected close is at lowest point of the day
[13:46] Sharad : wow even my support also 61.40 so great by tomorrow 61.40 sure and will reduce 50% position
[13:46] Varun : back
[13:46] Varun : sorry for buggin u online shai
[13:46] Varun : as ws not on system
[13:47] Shai : No problem Varun and certainly I don’t get bugged with anything 🙂
[13:47] Amit J : shai pl your view on hul
[13:47] Shai : Nice charts Rav
[13:48] Varun : whats vwap for nifty
[13:48] Sharad : 61.67 also gone with the wind…
[13:49] Shai : hll 898 supp
[13:49] Shai : looks like profit booking setting in there
[13:49] Varun : shai whats vwap for nifty
[13:50] Shai : has to cross 936 for a further 40 point ride up
[13:50] Shai : weak below 899 as more profit booking will come
[13:50] r m : 8470 on my chart
[13:50] Amit J : thanks
[13:50] Shai : 8473
[13:50] Varun : thnks
[13:50] Varun : so u consider it a fa set up only its crosses vwap
[13:51] Varun : i normally do it if 30 min candle closes below ib extreme
[13:57] Shai : fa setup when price goes to the other extreme of IB
[13:57] Shai : http://vtrender.com/of-failed-auctions-and-revisits-4/
[14:00] Kathir : @sharad enjoy man
[14:01] Kathir : usd/inr in a hurry to fill all your targets
[14:01] Amit J : out for meeting. see you tomorrow
[14:01] Kathir : bye Amit
[14:02] r m : bye Amit
[14:04] Shai : time for neutral extreme to play in
[14:04] Shai : sellers not able to make headway
[14:04] Shai : risk of short covering is huge as long a sprice stays away from vwap and dpoc
[14:04] Sharad : Yes Thanks Kathir
[14:05] Rav : 1.45-2 p.m nf long unwinding.good for up
[14:05] Rav : movement
[14:06] Kathir : @sharad thanks to RR
[14:06] Shai : 19344
[14:07] Sharad : yes true..
[14:07] Shai : that seller needs a visist at 410
[14:08] Sharad : 61.59 low INR
[14:08] Rav : bnf 12.30 p.m onwards LBU
[14:12] Varun : again sellers trapped at 8505.08
[14:12] Rav : 8509-8529 booked
[14:13] Rav : vol heavy
[14:13] Kathir : wonderfull
[14:13] Varun : shai what happens when we have such a massive negatove dlata and market is not willing to stop or come down?
[14:13] Varun : massive short covering tmrw or last half hour ?
[14:14] Kathir : 8260 today eve
[14:14] r m : 🙂
[14:14] Varun : 8260 sent shrudders down the spine
[14:14] Sharad : it should be tomorrow as ES also going north
[14:15] Kathir : sorry it was 8560
[14:15] Kathir : @RM your smile madke me think
[14:15] Rav : 2-2.15 p.m nf LBU
[14:15] RK : bu mkt always surprises lets see
[14:17] Rav : Fresh addition:157434 sqoff:9892 contracts in nf
[14:17] r m : @Kathir 🙂
[14:17] RK : it may make swift contra move prior to its actual close
[14:18] Rav : If RIL moves with SC, NF will go high
[14:19] RK : its carrying huge weight now and has to offload some weight before making a close
[14:19] Rav : 857-863 SC RIL
[14:21] Rav : bnf 19500 ce sc pe sbu…interesting. it will hit staright 19500
[14:22] Rav : 19500ce:220
[14:24] Kathir : @All firends I am moving out ..thanks and bye all 🙂
[14:25] RK : bye Kathir
[14:26] r m : Bye Kathir
[14:27] Shai : cover the BNF long abv 19345 at 19319
[14:27] Shai : sl
[14:28] Shai : imp 1 hour coming up
[14:28] RK : delta marching towards 1000
[14:28] Shai : above 8510 this delta is threatened with 8560
[14:28] RK : jumbo seller
[14:29] RK : as far as price is not moving up he is a seller
[14:31] RK : Shai would need extra time today to study orderflow..series of heavy volumes 🙂
[14:33] Varun : boom bhagao bears bhago
[14:34] Rav : 8400pe writing heavy
[14:35] Varun : shai imbalance at 34 ?
[14:35] Rav : RIL 864-867
[14:35] Varun : 8434 ?
[14:36] Rav : ongc sc
[14:38] Shai : that morning high in BNF is at 19517
[14:40] Rav : nf croosed high of 8509 but bnf..
[14:45] Rav : ril 870
[14:46] Shai : 19392
[14:46] Rav : 19399
[14:47] Rav : 19404
[14:47] Varun : @shai resisitance levles upside ?
[14:47] Rav : BN Heavy vol
[14:48] Shai : 19410 is a seller in BNF
[14:48] Shai : better to book
[14:48] Shai : 8560 imbalance tgt of the move
[14:49] Varun : k
[14:49] Rav : booked shai
[14:49] Shai : (09:10) Shai :else 8560 if we stay abv 8464
[14:50] Rav : ril 874 booked
[14:50] RK : Kudos 🙂
[14:50] Rav : ril pushed 40 points in n
[14:50] Varun : well done shai
[14:51] Shai : :). Only some big players had other ideas which showed in delat
[14:51] Shai : delta
[14:51] Varun : 😉
[14:51] Varun : thr stick stuck up
[14:51] RK : whats that move by biggies?
[14:51] Varun : delta nt reducing
[14:51] Shai : It’s not the entire mkt , just 2-3 big players adding those shorts
[14:52] RK : yes may be..they will add shorts at every rise till new high is made
[14:52] Shai : will post chart
[14:52] Varun : now either it will not fall much or massive run upwards in covering as they will cover whenever it comes daown or rallies further
[14:52] Shai : after close
[14:52] RK : ok
[14:52] Shai : those vols abv 150is where they are
[14:53] Rav : 2.15-2.45 p.m nf is LBU
[14:53] Shai : Most people advisisng NF longs with put protection tgt is the same 8700- 8800
[14:55] Shai : 8300/ 8400 put is recommended
[14:56] RK : and todays volume should be more than the 06th Jan
[14:57] Rav : 1.76 cr
[14:58] Shai : 6th Jan was around 200 L
[14:58] RK : thanks Rav
[15:02] Shai : 8535 supp
[15:02] RK : 8564 is the high..amazing shai
[15:02] Shai : 19350 in BNF
[15:03] Rav : ONGC RIL coming down
[15:05] Shai : BNF too
[15:05] Shai : that 410 is like a shock move
[15:05] Shai : saw that at open as well
[15:06] RK : so the logic is the seller there again shorted?
[15:06] RK : at 410
[15:07] Shai : Logic of that buy abv 344 was to visit that point as it had high volume
[15:07] Shai : possible
[15:07] RK : ok
[15:07] Rav : at 3 p.m nf LBU BNF LU
[15:07] Shai : still is a neutral extreme setup in NF
[15:08] Shai : can rise again
[15:08] Rav : LU is good
[15:08] RK : I think delta today must be all time record
[15:10] Sharad : what is LU
[15:10] RK : long unwinding
[15:10] Rav : long unwinding
[15:10] Sharad : ok thanks
[15:10] Rav : 5 7 9 7800 7900 8000 pe
[15:11] RK : they almost killed it mid of the series itself
[15:11] Rav : In LU, weak players will exit and then mkt will be in strong hands
[15:11] Rav : this 8000pe was written at 122
[15:13] Sharad : Swiss national bank lowers interest rate to -0.75
[15:14] Shai : yes and removes the peg
[15:14] Rav : idfc may see 10% freeze,it seems
[15:15] Shai : es is at that 2017
[15:18] Shai : swiss franc takes up all the news this evening
[15:18] Shai : has also been a massive time for the currency traders these past few months
[15:19] Shai : dollar/ euro / yen and now this
[15:19] Rav : 3-3.15 both nf and bnf LU….
[15:19] RK : ES down may be due to dollar
[15:19] Sharad : USDCHF 17% down
[15:19] Sharad : 1.01 to 0.84
[15:19] Shai : sellers of the day in NF holding
[15:20] Sharad : ES future down frm 2026 to 2001
[15:20] Rav : RIL 874-864 ONGC 355-347
[15:21] Sharad : ES 1993
[15:21] Shai : off 100 in BNF now
[15:21] Sharad : 1990 ES
[15:21] Shai : wow
[15:21] Shai : 10 mins here
[15:21] Porus : 8300pe from 25 to 33
[15:21] Shai : 8510
[15:21] Sharad : DAX 150 minus
[15:21] RK : 1986
[15:22] Sharad : 220 minus dax
[15:22] Shai : 8500
[15:22] RK : red sword in ES vertical
[15:22] Sharad : DAX -220 to -120
[15:24] Shai : vwap
[15:24] Shai : 8490
[15:24] Sharad : 8500 put writing 20 lacs
[15:24] Shai : suddely neutral center
[15:25] RK : ES bounced 2003
[15:25] Sharad : ES future 1985 to 2005
[15:27] Shai : sellers holding up still
[15:28] Varun : hvn at 90’s
[15:28] Varun : i think it will hold up
[15:29] Shai : can give us that FA visit tom itself if 8465 does not hold at open
[15:29] Shai : there are big implications to this swiss frank news
[15:30] Shai : lots of money at banks taken as collateral/ loans etc will be at stake
[15:30] Shai : we can hear of traders going bankrupt with such news
[15:31] Rav : Swiss Reinsurance is the major financier for Indian Home loan segment
[15:31] Sharad : INR 61.90 from 61.59
[15:31] Shai : Just hope all currency taders are up 🙂
[15:31] Porus : Rav, interestoing. IS there any implication which comes to mind immediately?
[15:32] Shai : 70 point NF drop on that news
[15:32] Shai : 200 in BNF
[15:32] Sharad : DAX -70 only now
[15:32] Sharad : wow great day thanks all
[15:32] Shai : Bye all
[15:33] RK : thanks and bye all
[15:33] Sharad : BYE>>> see ya tomorrow
[15:33] Shai : Have a nice evening
[15:33] r m : Thanks and bye all, have a great evening 🙂
[15:33] Shai : Yesterday we went with positive delta overnight- today negative
[15:33] Porus : yes
[15:34] Porus : bye