General Chat Transcript
Date and Time: December 16, 2014 09:22:58
[08:53] r m : Good Morning folks!
[08:53] r m : http://vtrender.com/levels-and-plan-for-16th-dec
[08:53] r m : http://vtrender.com/premium/orderflow-charts-and-notes-1512/
[08:53] Porus : GM all
[08:53] Keshav : morning rm
[08:54] r m : Hi Keshav
[08:54] Keshav : morning all
[08:54] r m : NF Hypo1 below 8265➜8224-22➜8172 SL 8297 Hypo2 above 8289➜8312➜8346 SL 8275 DEC Future levels
[08:55] r m : BNF Hypo1 above 18470➜18560➜18610 SL 18430 Hypo2 below 18390➜18300 SL 18430 DEC Future levels
[09:02] Sharad : GM all
[09:06] Shai : GM all
[09:07] Keshav : inr opens weak
[09:08] Amit J : gm
[09:08] Shai : News from Russia is of a hike to protect the currency
[09:08] Shai : Rajan will be wathcing here
[09:09] Sharad : 63.63 high
[09:09] r m : huge raise of 650 bps by Russia
[09:10] Keshav : could someone share the news piece
[09:10] Shai : http://www.reuters.com/article/2014/12/16/us-markets-global-idUSKBN0JT01G20141216
[09:12] Shai : 8235 ref line
[09:12] Janak : to arrest the fall rm?
[09:12] Sharad : Shai INR where it can stop ?
[09:12] Shai : 8248 and 8265 are safety lines for yesterday’s bulls
[09:13] Shai : upt 64.22 possi
[09:13] Shai : watch 63.68
[09:13] Sharad : ohhh then NF can also fall 100-200
[09:14] Shai : 63.68 cross is certain for 64.22
[09:14] Shai : below 63.88 may attempt that gap fll still
[09:14] Shai : 63.68**
[09:14] Sharad : so where we should buy put
[09:15] Sharad : 63.68 or above 64 only
[09:15] Shai : wait- too early
[09:15] Shai : momentum is up
[09:15] Sharad : ok
[09:16] Shai : spot near 8170
[09:16] Shai : real panic is below 8140
[09:22] Kathir : GM Shai RM and all friends 🙂
[09:23] Keshav : gm kathir
[09:24] Shai : small intra trade is to buy abv 8236 for 8258 sl of 8227
[09:24] Shai : 9 point risk
[09:24] Shai : BNF we will o with hypo 2 here – s of 18430 for 18300
[09:29] Shai : 18301
[09:29] r m : Hi Kathir 🙂
[09:30] Shai : The famed market profile “if this – then that” principle at work
[09:31] r m : looks like bears taking max advantage of “Santa coming” belief !
[09:31] Janak : santa is the bear
[09:32] Shai : 8227 high
[09:32] Shai : looks like an OAOR again with a slight berish tily as long as it stays below 8235
[09:32] Shai : 8172 Obj
[09:32] Kathir : @shai 8140 spot levels?
[09:32] Shai : sl for a short is at 8235
[09:33] Shai : BNF
[09:34] r m : @Janak, got it, due to global warming Santa shifted residence from north to south pole 🙂
[09:34] Assortz : BNF positional shorts are in place or wait and watch?
[09:34] Shai : Kathir yes weak below 8180 spot but 8140 spot is the trigger for selling
[09:34] Kathir : OK SHAI THANKS
[09:34] Shai : Don’t short BNF yet
[09:35] Kathir : @rm i tried some 17300 pe @ 14 yest ..just a try so far it is good 🙂
[09:35] Kathir : 37 now
[09:37] Shai : put a BNF sell positional trigger at 18265 F- 50% qty with sl at 18340
[09:37] r m : BNF touched the low of 28th NOV http://screencast.com/t/Ba4lLn2r6s
[09:37] Shai : It’s weak below 18300 F for a move down to 17900 F
[09:38] r m : @Kathir, good trade man!
[09:39] Kathir : thanks ge.this trade was based on shai’s nisfty spot 8240 close
[09:39] r m : ok
[09:40] Kathir : @sharad inr 63.66 high..
[09:40] Kathir : @rm in new ZT set security alert is not there..pls check
[09:40] r m : checking
[09:40] Shai : Bulls cursing RJ all the way- got some extra what’sapp alerts yesterday
[09:41] Shai : have them coming from past 10 days now 🙂
[09:41] Shai : RJ buys spicejet and stock down 30%
[09:41] Sharad : Yes Kathir Shai said 63.68 or 64.22
[09:41] Kathir : 🙂
[09:41] Shai : RJ says 30000 nifty and next day we fall!!
[09:41] Kathir : sharad shall we buy some 64 ce if crosses 63.70
[09:42] Sharad : wait till eod
[09:42] r m : now RJ will say that it was a typo with one additional zero 🙂
[09:42] Shai : lol
[09:42] Kathir : lol
[09:42] Kathir : sharad ok
[09:42] Sharad : till atleast equity market close
[09:43] r m : @Kathir, yeah, security alert is missing. I think Zerodha has given up on reuters, they are working to include all trader’s requirements in “Pi”
[09:43] Kathir : @shai bnf levels below 18300
[09:43] Shai : just cautious on BN here
[09:43] Shai : don’t want to rush in the short
[09:44] Shai : but looks very weak below 18300 for 300 points
[09:44] Shai : 18030 min
[09:44] Kathir : @RM ok i will mail them regarding this
[09:44] Shai : can buy a 18000 pe
[09:44] r m : 18030-18012 was the next low on 26-27th
[09:45] Shai : trigger is still at 18260- 270 for a good short positional
[09:45] Shai : 18030/ 17767 positional tgts
[09:45] Keshav : structure wise. nf could see some upmove
[09:46] Keshav : bnf weak
[09:46] Janak : nf going to 8150
[09:46] Kathir : bnf 320 – from yest close
[09:48] r m : first 30 minutes volume in BNF matching the volume bar on RBI’s announcement! http://screencast.com/t/okX3XDSGsP
[09:48] Kathir : @shai nifty spot 8142.5 low
[09:49] Keshav : vwap could be see some shorts on nf
[09:50] Keshav : bnf spot broke a important fractal
[09:50] Keshav : loss of another 100 points could signals some active change in interest
[09:51] Keshav : from a price action point of view
[09:51] Kathir : bnf algo @ 18276 and vwap @ 18274 now..may be that range is important now
[09:52] Keshav : @kathir how to find algo activity
[09:52] Kathir : @shai in VT charts VAH for both shows 0 ?please correct
[09:53] Kathir : @keshav it is there in the chart see there blue clolour in the candle area ALGO 18276
[09:55] Kathir : @keshav did u find it
[09:56] Keshav : sorry was away from screen
[09:57] Keshav : not able to spot kathir
[09:57] Keshav : okay
[09:57] Keshav : left side
[09:58] Kathir : yeah whenever there is algo it will be displayed immediately
[09:58] r m : @Kathir, Values are also given in 10 minute chart on the right side
[09:59] Kathir : @rm ok got it thanks
[09:59] r m : welcome
[10:01] Kathir : @rm now 18300 looks like the area for bulls to regain
[10:01] Kathir : pdl shai rekha vwap last week low everything there
[10:02] r m : MO likely to cross -80 if present adv/dec ratio remains till close
[10:02] Kathir : ok
[10:03] Kathir : @rm MO youu check it separately for each one..mean bnf nf etc
[10:03] r m : yes Kathir, 300 gave too much pain to bears, they are not going to let BNF cross it easily
[10:03] r m : @Kathir, no it is for whole NSE
[10:03] Kathir : oh ok
[10:04] r m : everything relating to an exchange is blamed on base index, nifty in this case 😀
[10:04] Kathir : yeah 🙂
[10:07] Kathir : @rm bnf volume 50 % of yest total volume done now
[10:07] r m : bears are in a hurry!
[10:08] Keshav : lot of volumes in bnf
[10:10] Sharad : 8140 broken
[10:10] Kathir : nifty spot below 8140
[10:12] Keshav : if the inr continue to be weaker then would therebe a rate cut?
[10:14] Kathir : @shai shall we buy 8100 pe now or wait
[10:14] r m : nifty spot trading in gaplands (area of daily gap ups)! http://screencast.com/t/pLOhj1kTSgxK
[10:18] Kathir : there is another gap near 8000-8050
[10:20] r m : yes, there was a series of gaps in last week of October, Santa wants to take them back 😀
[10:21] Kathir : snata wants to walk there and fill it personally
[10:24] Kathir : IB range 50 in NF so SL will be bit big for day trdes today
[10:24] Assortz : last evening had a drive for 500 kms – and rushed back home for mkts..could have stayed there..Mkt in action and we are not 🙂
[10:24] Kathir : 8127.75 low nifty
[10:25] Kathir : @assortz that means if you go long nf falls..please inform us next before you start 🙂
[10:26] Kathir : 500 kms to chennai?
[10:26] Assortz : Kathir :).. no Mayavaram
[10:26] Kathir : oh ok temple visit i guess
[10:26] Assortz : pls check ur mail..
[10:26] Assortz : no – condolence
[10:27] Kathir : ok
[10:27] Kathir : today lord saneeshwara shifting to other place
[10:27] Assortz : to pay condolence to uncle
[10:27] Assortz : yes yes we are witnessing it now 🙂
[10:27] Kathir : ok
[10:28] Kathir : yeah he is giving bad news for bulls today..may be a trap also
[10:30] Keshav : janak any scalp trades today?
[10:35] r m : @Kathir, Lord Hanuman does not mind Lord Sanneshwara movements on Tuesday? looks like they are all hand in glove 🙂
[10:35] Assortz : comfortably trading below 8140 SPot
[10:36] Kathir : bulls now run to see lord hanuman to save
[10:37] Kathir : @rm what lvels below 8140 spot
[10:38] Kathir : 17500 pe 27 to 67 today
[10:39] Keshav : reversion back to vwap likely in nf
[10:39] Keshav : gone long
[10:39] Shai : 18081
[10:39] Kathir : keshav watch delta in this case
[10:39] Shai : cover part of the intra day 18000 put
[10:40] Keshav : okay kathir
[10:40] Kathir : @shai nf any new position from here based on 8140
[10:41] Shai : Keshav 8165 F if long is sl
[10:41] Shai : 8164
[10:41] Keshav : okay shai
[10:41] Shai : Below 8164 I see 8114/ 8056 F
[10:42] Shai : 8172 if the obj of the day
[10:42] Keshav : sl placed
[10:42] Mandar : GM. all time high in INR ?
[10:42] Kathir : hypo 1 8172 achieved
[10:42] Kathir : Hi mandar
[10:43] Mandar : Hi Kathir 🙂
[10:43] Shai : Longs have to be careful
[10:43] Shai : Nothing suggests sellers are backing out
[10:44] Mandar : its somewhere around 68 na?
[10:44] Shai : Mandar under Rajan that ATH can be hit technically but may not be an easy rise
[10:44] Keshav : sl hit
[10:44] Shai : he has lots of cash up his sleeve from the earlier purcahses around 59
[10:45] Amit J : shai any view on dlf for close below 143
[10:45] Mandar : yes Shai. I am thinking this as pullback before it settles around 60.
[10:47] Kathir : @shai SL for short in NF and bnf now intra
[10:47] Shai : Amit 140- 141 supp and below 140 one supp at 136.7
[10:48] Kathir : bnf 18030
[10:48] Shai : dlf can stay RB here beteen 141- 144 but close below 144 may invite that 136
[10:49] r m : @Kathir, re nifty spot maybe we test 29th OCT 8052-8080 spot! http://screencast.com/t/iBYzjCzP
[10:51] Assortz : below 18300>18030 done
[10:52] Shai : spot has big supports now at 17700- 17850
[10:52] Kathir : @rm ok thanks
[10:52] Shai : 17700- 1750***
[10:52] Shai : 17767 F is the objecive in BNF if we stay below 18030
[10:54] Assortz : we should have some bounce if 18000 has to be taken..
[10:54] Assortz : may be till 18100?
[10:56] Kathir : @shai shall we buy 8100 pe for this week and SL if so
[11:01] Keshav : rm are you from dehradun?
[11:01] Kathir : @keshav dont ask like this,,he is DON of dehradun
[11:02] Keshav : i am planning for a three month trip to rishikesh. apprehensive about the weather if i start of from the 2nd week of jan
[11:03] Kathir : ok check with RM
[11:03] Keshav : kindly advise
[11:04] r m : Hi Keshav, it is very cold right now temp 8 degree celcius inispite of bright sun 🙂
[11:04] Keshav : oh
[11:04] r m : so carry plenty of woolens
[11:04] Keshav : do buses run from delhi?
[11:04] r m : yes, buses, trains, flights
[11:05] Keshav : okay
[11:05] r m : direct biweekly train from Chennai too
[11:06] Keshav : to rishikesh??
[11:06] r m : just get down at Haridwar or Dehradun, one hour drive from both places
[11:06] Keshav : oh
[11:06] r m : Airport is equidistance from Rishikesh, Haridwar and Dehradun – 20km
[11:07] Keshav : i am planning to write a book
[11:07] Keshav : a longtime passion
[11:07] r m : ok
[11:07] Keshav : looking for inspiration and some isolation
[11:07] Kathir : book related to?
[11:07] r m : guess you should stay in an Ashram then, good for peace of mind and pocket 🙂
[11:07] Keshav : a fiction on relationships
[11:08] Keshav : yes i have been to rishikesh twice
[11:08] Kathir : oh ok good
[11:08] Keshav : stayed at a place near triveni ghat
[11:08] Keshav : facing ganga
[11:08] r m : ok
[11:08] Keshav : hoping to get loding there
[11:09] Keshav : lodging
[11:09] r m : easy to get lodgin but try if you get in Shivanand or some other big Ashram, you get plenty of open space in Ashrams
[11:09] Kathir : @sharad usd/inr above 63.9
[11:10] Kathir : 63.69
[11:10] Keshav : i will be carrying a laptop and a ipad
[11:10] Keshav : but concerned about safety in ashram
[11:10] Shai : vix up
[11:10] r m : keep your money in bank then you are safe 🙂
[11:10] Shai : 15.84 ref in vix spot
[11:11] Keshav : and do they allow you to watch documentaries movies in ashram
[11:11] Kathir : shai spot below 8100
[11:11] Keshav : from laptop
[11:12] r m : @Keshav, just PM me, will respond on that so that other folks are not disturbed
[11:12] Assortz : Shai, what could be ideal SL for fresh shorts beow 18000..18110?
[11:12] Keshav : sorry will do that
[11:12] r m : Thanks
[11:13] Shai : 8040- 8066 next supp
[11:13] Shai : spot
[11:13] Shai : However if 8180 breaks as support there will be a panic drop of 140- 200 points to 8040/ 7980 quickly.
[11:14] Shai : Yes Assortz technically IBL should not get penetrated duing the day
[11:14] Assortz : thanks
[11:14] Shai : 17792 2IB is the intra day obj also below IBL for a clsoe at lows
[11:14] Kathir : keshav see there is a separate room for RM you can chat there
[11:15] Shai : tgt of the move below 18030 is 17767 F but that is not scaled to intra
[11:15] Assortz : yes considering positional only..but wanted to keep some intra SL
[11:15] Shai : usdinr scaling up
[11:15] Shai : Panic is here
[11:16] Shai : 15.84 vix
[11:16] Shai : just got a message that 8066 is 61.3 % retrace of the 7723- 8626 leg
[11:17] Shai : all well when it comes togeher
[11:17] Janak : thats a neat 450 pt fall today in bn without a solid bounce
[11:17] Janak : last week – it bounced 200-300 pts daily from the lows
[11:18] Shai : diff situation for a new short
[11:19] Shai : with MO at -80 today(if we close at llows) makes sense to keep most of the cash in the account than in the trade
[11:19] Shai : tm is another day 🙂
[11:20] Shai : am also expecting Rajan to do smething near 64 in USDINR
[11:20] Shai : If your remember the last trip above 62 to 68 the RBI came in multiple times abv 62 even though all failed
[11:21] Kathir : this time it is a diff situation as crude is down almost 50 % shai?
[11:22] Shai : crude down this time is more due to excess production than falling demand like 2007
[11:22] Shai : that time the crash was 147 to 37 something wthin months
[11:23] Kathir : yeah
[11:23] r m : Saudis & Shale Oil fighting each other with crude instead of weapons!
[11:23] r m : good for non oil producing nations
[11:24] Shai : (10:41) Shai :Below 8164 I see 8114/ 8056 F
[11:24] Shai : Non stop
[11:24] Porus : @RM, other theory is that Saudi is with US , trying to hurt Russia
[11:25] Kathir : but our govt is great..form 70 rs petrol now 65 but crude down 50 % almost
[11:25] r m : @Porus, could be but I can’t think of US govt doing anything to hurt their own business interests
[11:25] Porus : I read an article on why they would.
[11:26] Shai : this is the biggest correction since 5100
[11:26] r m : @Kathir, a big portion of crude rise was absorbed by Govt in form of tax cut and subsidies, time to make even 🙂
[11:26] Shai : technically when this gappens the multiplication is 2 x
[11:26] Shai : so 45 x 2= 900 points
[11:26] Shai : 450 x 2
[11:27] Ravi : Indian refineries are not designed to refine shale stuff
[11:27] Shai : 8626- 900= 7726 again
[11:27] Shai : that will be confirmed if 8066 breaks
[11:27] Shai : correcttion theory**
[11:28] Porus : @Shai, spot?
[11:28] Shai : At 7726 it will still be a 10- 12% correction in the market and well within waht a proepr bull market s
[11:28] Shai : Yes Porus
[11:28] Shai : NO big bull market has come without a 10% correction
[11:30] Janak : nf/bn completed 500/1000 pts correction from the highs this month?
[11:31] Janak : now the santa guys will appear pl?
[11:32] Janak : bn delta 50 down in 2 min
[11:34] r m : a 900 pointer should take nifty to swing low of 7723 http://screencast.com/t/zHQyGJSKTh3
[11:36] Assortz : bigger retracement since morning?
[11:36] Keshav : moving towards vwap
[11:37] Keshav : crossing would be tuff
[11:38] Kathir : yest days volume almost done in bnf now itself
[11:38] Janak : what a fantastic bounce from 954
[11:42] Janak : i was stuk with lot of contra log around 18040 – could get aout at 070
[11:42] Janak : long
[11:42] Ravi : http://www.buzzfeed.com/hayesbrown/theres-too-much-oil-in-them-thar-hills
[11:44] r m : good Janak, you stole a morsel from alligaotor’s jaws!
[11:44] Janak : yeah rm – lucky man – i thought 18k wudnt break easily
[11:44] Janak : so tried to accumulate in that area
[11:46] r m : ok
[11:46] Ravi : 17000-17500-18000pe oi is highest with support
[11:47] Kathir : @rm janak is more like a goal keeper .he wamts to block thr run and return it
[11:48] r m : yeah, he should be co-opted in the Hockey team (he can trade on mobile while ball is in other half) 🙂
[11:48] Kathir : lol
[11:49] Kathir : NF delta ? buyers coming in or morning shorts covering
[11:52] r m : below vwap should be shorts booking profit
[11:52] Keshav : yes
[11:53] Keshav : this zone is gonna play key
[11:53] Keshav : if we are to move above
[11:53] Assortz : where is VWAP now> I cant see the chart
[11:53] Keshav : lof of volumes accumalated in nf
[11:53] r m : 8178/18158 approx
[11:54] Assortz : thanks
[11:54] r m : will differ a bit on these tick charts
[11:54] Keshav : why is that so rm?
[11:54] Keshav : even i found difference with my amibroker 5 min
[11:54] Keshav : charts
[11:55] Kathir : 8177,20 vwap here
[11:55] r m : Shai explained once that investor RT calculates vwap diferently for tick charts
[11:55] Keshav : oh
[11:56] r m : @Keshav, see vwap on 1 minute ami charts, that will be close to NSE vwap
[11:56] Keshav : okay
[11:57] Keshav : price structure wise both the scrips still weak
[11:57] Kathir : @shai shall we initiate fresh short here with SL above vwap NF ?
[11:57] Keshav : vwap could be in play
[11:58] r m : nse vwap link – http://tinyurl.com/nf5nd2p
[11:58] Assortz : Kathir we are closer to IBL also I think
[11:58] r m : fill in the contract details in that link
[11:58] Assortz : in NF
[11:58] Kathir : yes assortz
[11:59] Keshav : understood
[11:59] Kathir : less chances for market to close in this range?
[11:59] Assortz : moving below 18030 again could be better for shorts
[11:59] r m : vwap at IBL in NF
[11:59] Assortz : in BNF
[12:00] Assortz : we may get pink also there..not sure
[12:01] Keshav : that would be nice combo
[12:03] Assortz : yes pink appears
[12:05] Kathir : @RM like shai’s msgs if possible change the font colour for your msgs too..may be green or red
[12:06] Janak : red wud be great with a skull sign also ;
[12:06] Kathir : fine
[12:06] Kathir : lol
[12:06] Assortz : RM would prefer white as always want to be unnoticed :))
[12:07] Ravi : keshav afl link for vwap
[12:07] Ravi : http://www.screencast.com/users/Ravicbe
[12:11] Keshav : thanks ravi
[12:13] r m : @Kathir, maybe green for perennial greenhorn? 😀
[12:13] r m : like this?
[12:13] Keshav : looks nice
[12:13] r m : Thanks!
[12:13] Ravi : candles are small fir nf and big for bnf?
[12:13] Janak : looking bullish ;
[12:13] Assortz : little darker is better RM
[12:14] Keshav : shai should also get colored
[12:14] r m : @Ravi, candles are as per the chart zoom
[12:15] Keshav : delta positive
[12:15] Keshav : and lot of volume accumalated below vwap
[12:17] Keshav : @ravi this one works close to nse vwap
[12:17] Keshav : thanks
[12:19] Assortz : BNF IBL is 18100 or 18110?
[12:20] r m : 18104 on MP charts
[12:20] Assortz : ok tks
[12:20] r m : the orange bar is the IB in MP chart
[12:21] Assortz : yeah but can’t see it
[12:21] r m : MP charts it is there, at the end of E letters
[12:21] r m : D and E make the IB period
[12:22] Assortz : yes RM got them
[12:27] Kathir : @RM thanks..was away for cup of tea..
[12:30] r m : welcome, will try to darken the font, last time I used light greay but forgot how i inserted the html color code 🙂
[12:31] Kathir : ok..bit dark would be better
[12:31] Janak : rm this is straining the eys man – pl keep violet or mil. green
[12:31] r m : let me revert to black 🙂
[12:32] Kathir : try red
[12:32] r m : hum kaale hain to kua hua …. 😀
[12:32] Kathir : 12:06 Janak : red wud be great with a skull sign also ;
[12:33] r m : Shai will show me the red flag 🙂
[12:33] Kathir : guys who want to short nic aea pink just under vwap and Sl would be just above vwap i guess
[12:34] Janak : if u keep ileana’s pic – any color will do;
[12:34] r m : lol
[12:34] Assortz : I was looking for curvy pink but it has been playing flat..pls short lets see if it gets curvy we will jump in @ kathir 🙂
[12:34] Kathir : lol
[12:34] Kathir : ok bought 8100 pe now let us see
[12:36] Keshav : will short on break of 8158
[12:39] Janak : maybe the selling is done for next couple of hours – sellers might try to come back in last hour?
[12:41] Kathir : below 8150 nf should be free i guess
[12:43] Assortz : 18030 is also holding
[12:43] Keshav : lot volumes are coming into this zone
[12:43] Keshav : very key on how it could play our
[12:44] Keshav : above vwap might as well find some buyers
[12:48] Keshav : day seems dull in chennai
[12:48] Kathir : no sunlight?
[12:48] Keshav : not much
[12:48] Kathir : ok thats good for chennai
[12:48] Keshav : i love lot of sunlight into my room
[12:49] Kathir : ok
[12:49] Keshav : short triggered
[12:55] Amit J : RM what would be mo now
[12:55] Amit J : 179:1334 adv decline
[12:57] r m : let me check
[12:57] r m : -89 at that ratio
[12:58] Assortz : that was quick from 18030
[12:58] Amit J : ok thanks
[13:01] Keshav : sl moved to cost
[13:11] Kathir : keshav me booked 50 % of the PE @57
[13:12] Kathir : reamining trail @ cost
[13:12] Keshav : oh nice
[13:13] Keshav : m thinkin of adding one more lot
[13:13] Kathir : 47 – 57 🙂
[13:13] Kathir : here
[13:13] Keshav : no waiting for some bounce back 8150
[13:13] Kathir : ok
[13:13] Kathir : @RM ge is this a trend day
[13:15] Keshav : i exited
[13:15] Keshav : no further addition
[13:20] r m : @Kathir, IB was too big for a trend day
[13:23] Keshav : is that also a criteria for a trend day?
[13:24] r m : not a must but usually trend days begin with a small IB
[13:26] Keshav : which ones are more volatile pes or ces?
[13:27] Keshav : that react to spot changes
[13:27] r m : PE premiums are normally higher than CE, read an explanation somewhere but have forgotten that
[13:30] Keshav : hmm
[13:31] Assortz : 18074 or 17971?
[13:32] r m : before i type it may touch 18074 🙂
[13:32] Assortz : I was also looking in that way only..but it swings 🙂
[13:32] r m : pushing up against dpoc
[13:33] Assortz : yes
[13:33] Assortz : nice steps there 🙂
[13:33] r m : ES trying to climb
[13:33] Keshav : will be looking for long above vwap
[13:34] r m : Europe open is mild green
[13:37] Keshav : long taken
[13:37] Keshav : nf
[13:46] Kathir : now dpoc should be the key
[13:46] Kathir : delta very positive for nf longs
[13:47] Kathir : @rm will that 8140 spot range can be treated as resistance
[13:48] Kathir : for the first step for bulls again
[13:48] r m : yes Kathir
[13:48] Janak : short at vwap gave an easy 40 in bn
[13:49] Kathir : rm ge ok
[13:49] Keshav : nice one janak
[13:49] r m : @Janak, good trading man, things always seem easy to an expert trader!
[13:49] Keshav : janak the sniper trader
[13:49] Janak : learning man learning
[13:49] Kathir : yes jank sent the ball back
[13:50] Janak : bn bounced 125 first and second 150
[13:50] r m : @Kathir, let me say it this way, past Janak 8140 spot should offer a resistance 🙂
[13:50] Janak : 954-079 and 970 to 120
[13:50] Kathir : 🙂
[13:50] Janak : lol
[13:50] Kathir : lol
[13:51] Janak : looks like shai’s santa team is knocking the doors?
[13:52] r m : Santa is on vacations, his sled grounded due low or no snowfall!
[13:52] Porus : Europe is turning negative
[13:52] Janak : where is shai’s red line today man?
[13:52] Keshav : santa looking for his lost reindeers
[13:52] Janak : it is a good ref. point
[13:53] Keshav : tes
[13:53] Keshav : yes. i was also searching for it
[13:53] Keshav : shai out for lunch??
[13:54] r m : @Janak, they are far above in the sky 🙂
[13:54] Janak : rm can a short be taken at 18060 on pink?
[13:54] Janak : for 18020 and lower?
[13:54] Kathir : and delta – 120
[13:55] r m : @Janak i think it is consolidating now
[13:55] Janak : ok
[13:56] Janak : that symmetry can take it to 18020?
[13:57] r m : it is almost there!
[13:58] r m : http://screencast.com/t/px2HI8gp0Qpf
[13:58] r m : full day bnf, does not give confidence for a short here!
[13:59] Janak : thats a good screenshot man
[13:59] Keshav : rm ji use market statistics for trading??
[13:59] r m : ?
[14:00] Keshav : pvp with vwap sds
[14:00] r m : yes along with MP
[14:00] Keshav : that would be ideal system
[14:00] Keshav : my ideal system
[14:01] r m : only ideal thing in trading is trader rest are all tools 🙂
[14:01] Keshav : yes rm
[14:01] Keshav : true
[14:01] Keshav : money management and risk
[14:02] Keshav : chart comes later
[14:02] r m : yes and a vey quick assessment of these in intraday trading
[14:02] Janak : a good trader in my view is one who can make 10k profit intra on a meagre capital of 40k 🙂
[14:02] Janak : daily
[14:02] Keshav : janak you should get trained with a prop shop then
[14:03] Keshav : they encourage high risj
[14:03] Keshav : risk but very few survive
[14:03] Keshav : in a prop shop
[14:03] r m : 500% roi p.m. – that is not a good trader, in my view such a guy is an alchemist 🙂
[14:03] Janak : lol – no he must be a bracket order trader ;
[14:03] Kathir : lol
[14:05] r m : My standards are very low, even 25% roi per month are very very good for me 🙂
[14:06] Keshav : thats the annual target for many wealth management professionals across the globe
[14:06] r m : @Janak, turns out the you asked advise from the wrong guy for BNF shorts
[14:06] Janak : i sold st 18020 and god knows what button i pressed it got booked at 17984!
[14:07] r m : @Janak, get those buttons insured 🙂
[14:07] Janak : h aha
[14:07] Assortz : all my positional shorts got triggered at 18110 🙂
[14:07] Assortz : i mean SL
[14:07] Janak : good man
[14:07] Janak : ?
[14:07] Janak : oh!
[14:07] Assortz : Janak SL..carrying shorts from morning and kept SL at little above IBL
[14:08] r m : @Assortz, maybe this journey up was meant to trigger sl only?
[14:08] Janak : always have 30 pts above such levels man
[14:08] Janak : u cant keep exact there
[14:08] Janak : shark fishes always hunt them out
[14:08] Kathir : @assotz thats where yo should watch delta carefully
[14:08] Assortz : yep will check
[14:09] Kathir : but its always vry good to trad with app SL 🙂
[14:09] Janak : nf does 2ib now
[14:09] r m : yes
[14:09] r m : no sl means no capital 🙂
[14:10] Kathir : yeah nf new lows
[14:10] Kathir : @rm the 2.30 guys came bit earlier today 🙂
[14:11] r m : yeah!
[14:11] Kathir : may be they dont want to give the bulls any chance
[14:12] Janak : imagine if bn decides to do a 2ib now!
[14:12] r m : NF is in such hurry as if it is going for a date!
[14:13] Kathir : lol
[14:13] Kathir : date with illeana 🙂
[14:14] r m : @Kathir, don’t say that, Janak will beging buying NF to keep it away from that one 🙂
[14:14] Kathir : lol
[14:16] Kathir : @rm i think he already started buying
[14:17] r m : yeah, you provoked him into it 🙂
[14:17] Shai : test
[14:17] Shai : back
[14:17] Kathir : working
[14:17] Shai : thanks
[14:17] Kathir : @shai any levels for TCS
[14:18] Shai : 8116 low
[14:18] Shai : sure
[14:18] Janak : shai can sell bn here for 950?
[14:18] Shai : cnxit is in a bounce btw
[14:19] Shai : can do 11120/ 11185 if closes abv 10880 today
[14:19] Shai : spot levels
[14:19] Shai : cmp 10930
[14:20] Shai : Yes Janak BNF can close at lows
[14:20] Shai : ad below 18030 clsoe 17760 open
[14:20] Sharad : 822 CE added 28 lacs
[14:20] Sharad : 8200
[14:21] Sharad : 8300 Ce added 20 lac
[14:21] Kathir : @shai TCS?
[14:21] Janak : thnx shai – shorted at 18020 – got out with 40 – will reenter
[14:21] Shai : I didn’t forget Kathir 🙂 – just waiting for chart to update
[14:22] Kathir : ok thanks 🙂
[14:22] Keshav : first thing this weekend pack my bags to pondy and learn first hand scalping from janak
[14:23] Janak : keshav – i am a devotee of pink/green gods
[14:23] Shai : can’t see a trade in tcs at cmp 2447 here
[14:23] Shai : has run up well from the lows
[14:23] Shai : res may be 2492 from here in cash
[14:23] Kathir : ok shai thanks
[14:24] Shai : but there is an easy trade abv 2493 tom for 2534/ 2546 tom
[14:24] Kathir : oh great
[14:24] Shai : not clear at current price on next 30 point move
[14:24] Porus : @Shai, what is the tgt for bnf shorts for today?
[14:24] Shai : better to place alert in system at the mentioned price of 2493
[14:25] Kathir : ok
[14:25] Shai : Porus day range of 570 is above ATR and hence to expect much n intra from here will be diff
[14:26] Porus : ok
[14:26] Shai : but positional players are surely in below 18300 and short on rise till 18300 now
[14:26] Shai : tgt 17767/ 17503 both possible by fri/ mon if selling continues below 18300
[14:27] Shai : approaching : (11:13) Shai :8040- 8066 next supp
[14:28] Kathir : nf delta + 214 still
[14:32] Kathir : crude 4.5% down and silver 3 % down today 🙂
[14:33] Porus : @kathir, now onder Europe is in red too!
[14:33] Kathir : ok’
[14:33] Porus : * no wonder
[14:36] Sharad : 8200 CE 30 lacs added
[14:38] Sharad : USDRUB back to 66
[14:40] Shai : 8059
[14:40] Shai : prem came to 40
[14:40] Kathir : @shai can we expect some bounce back from here
[14:41] Keshav : 160 points down
[14:41] Keshav : just wondering where we would open tomorrow
[14:45] Shai : bounce coming to vwap
[14:45] Shai : if prem drps here then shorts are closing the book
[14:45] Shai : 43 fr 51 now
[14:47] Kathir : ok
[14:48] Amit J : shai do u mean close should be near vwap
[14:49] Shai : possible Amit
[14:49] Shai : 8058 is seeing some stronger buying than 8180
[14:50] Shai : But even then these guys have to take out vwap
[14:50] Shai : 8135
[14:50] Shai : 8057 was also vwap of Sept
[14:51] Keshav : nice call shai
[14:51] Keshav : how to find these cues?
[14:52] Shai : alert for ref was set at 8061 spot- choose the ref line wisely and monitor buying/ selling
[14:57] Ravi : 8050 PCR OI:36.78
[14:58] Shai : would like to see a 8100- 8180 kind of range in NF tomorrow
[14:58] Shai : and then possible a move backup to close the month
[14:58] Shai : On the spot nothing big will come till 8140- 8180 spotis not taken out
[15:03] Ravi : First time in this series 8000PE OI reached 65 lacs
[15:04] Kathir : @shai usd/inr above 63.69..shal i uy some 64 ce for small trade
[15:05] Kathir : for the trgt 64.2
[15:05] Mandar : @Amit is there any stake sale buzz in wock pharma @1250?
[15:06] Janak : shai 18k to 17950 can be done in closing 25 min?
[15:07] Shai : Yez Kathir
[15:07] Kathir : ok thanks
[15:08] Porus : Shai, will we have a close at lows or vwap?
[15:08] Shai : keep a close watch as technically trade will do 64.22 F but risk is of Rajan coming with a hammer
[15:08] Amit J : not sure mandar
[15:08] Mandar : ok
[15:08] Kathir : ok sure
[15:08] Janak : 993-963 done shai – coffee-trade “=_
[15:09] Amit J : shai dollar is weakening globally. jpy super rally in 2 hrs
[15:09] Shai : Porus NF coser to vwap but BNF at lows
[15:09] Janak : 950
[15:10] Shai : I’m not suggesting varrying big positions overnight
[15:10] Shai : try to stay small
[15:10] Shai : big move in both directions possible in nxt 2-3 sessions
[15:11] Shai : fall is to 7980 spot tom if current day low goes
[15:12] Shai : also window will open for 7720- 7788 is that level gets broken
[15:13] Shai : (11:26) Shai :technically when this happens the multiplication is 2 x- (11:27) Shai :8626- 900= 7726 again
[15:16] Shai : NF bounce short lived
[15:17] Kathir : @shai super usd/inr 63.80
[15:18] Assortz : didnt think that this much quick to 17800 from 18200 Spot
[15:18] Kathir : @assorts lord saneeshwara seems to be angry with bnf today
[15:19] r m : 😀
[15:19] Assortz : lol
[15:19] r m : Lord saneeshwara wants low interest loans 🙂
[15:19] Kathir : yeah for the welfare of his divotees 🙂
[15:24] Shai : Anybody thinking longs in NF here- go with a covered call
[15:24] Shai : Buy NF and sell 8100 ce
[15:25] Janak : looks like a gap down to do 2ib tom shai?
[15:25] Shai : sl is 8055 F as exit on both
[15:25] Janak : bn 767
[15:25] Shai : yes Jank BN can do that 767 in IB tom
[15:26] Kathir : @shai technicall SL for that usd/inr long above 63.9 trgt 64.2
[15:26] Rahul N : @i have bought 7900 pe @21 rs
[15:26] Rahul N : @shai
[15:26] Kathir : 63.7
[15:27] Rahul N : whats the levels
[15:29] Shai : Rahul if we hold 8056 F now we bounc to 8230 F
[15:30] Shai : Rahul still a market short on rise so buy puts if we get sot around 8140- 8180
[15:30] Rahul N : thanks
[15:30] Shai : My view is we go sideways tom and then possibly a bit up- but let’s see tom
[15:30] Rahul N : ok
[15:31] r m : Thanks and bye folks, have a great evening 🙂
[15:31] Shai : (14:58) Shai :would like to see a 8100- 8180 kind of range in NF tomorrow
[15:31] Shai : Bye all
[15:31] Shai : Have a nice eve
[15:31] Kathir : thanks and bye all
[15:31] Porus : bye all
[15:31] Mandar : Bye all
[15:37] Keshav : good day all