General Chat Transcript
Date and Time: February 16, 2015 09:11:53
[08:47] r m : Good Morning folks!
[08:47] r m : http://vtrender.com/levels-and-plan-for-16th-feb/
[08:47] r m : http://vtrender.com/premium/orderflow-charts-and-notes-1302/
[08:47] Porus : GM all
[08:47] r m : NF Key Ref Area (KRA) 8868 UP Hypo1 above 8868➜8913 SL 8836 DOWN Hypo2 below 8835➜8804➜8796 SL 8865 FEB Future levels
[08:47] r m : BNF KRA 19549 UP Hypo1 above 19550➜19647 SL 19447 DOWN Hypo2 below 19444➜19348➜19296 SL 19545 FEB Future levels
[08:55] r m : Weekly levels Nifty Spot prices Auction above 8842➜projected price 9035 cash Support bands 8755 and 8713
[08:56] r m : Weekly levels Banknifty Spot prices Upside possible only above decisive cross of 19385 Resistance 19660, 19784 during the week above 19785➜19970 quickly First support 19240
[09:03] Shai : GM all
[09:03] r m : Imp data WPI 12:00 Hrs, Previous 0.11%, Forecast 0.41%
[09:06] r m : SGX Nifty FEB trading at 8856
[09:09] Rav : GM All
[09:09] Shai : Small delay to laucnch today
[09:09] Rav : no appln shared at this site msg appear
[09:09] Shai : working n it
[09:17] Vishal : nothing is coming
[09:19] Sharad : GM all
[09:20] Vishal : single prints ar day high?
[09:21] Shai : Looks like we are back up
[09:21] r m : @Vishal, in the firsh half an hour there will be single prints only
[09:22] r m : first
[09:22] Vishal : ok
[09:22] Vishal : thanks
[09:22] Shai : There is a flash player upgrade, so if you have problems in next 2- 4 days please update the adobe flash player
[09:23] r m : seller near 8870
[09:23] Shai : Open is near KRA
[09:23] Shai : since it is a Mon open – let’s give auction some time to decide here
[09:24] Mandar : Gm. Shai view on infy pls.
[09:25] Shai : imbalance is towrds 8913 today
[09:25] Varun : shai nifty did ib3 on friday, chances of ib3 rule playing
[09:25] Shai : and more likely to play
[09:26] Shai : yes Varun can play plost one hour
[09:26] Shai : but currently we look at the existing imbalance
[09:27] Shai : Infy 2261 crtical cash this week
[09:27] Shai : should create a bounce to 2321
[09:27] Mandar : Thanks Shai
[09:27] Shai : below 2266 can drop to bigger support of 2233
[09:27] Mandar : ok
[09:28] Shai : vwap supp in NF
[09:28] Shai : looks like a drive
[09:34] Vishal : nifty moving up and there are red bars at bottom?
[09:35] r m : yes, green too
[09:36] Sharad : Today NF looks in different orbit…
[09:36] Rav : NF BNF LBU
[09:37] Rav : first tome 9000ce comes under SC
[09:37] Rav : in this series
[09:37] Rav : time
[09:37] Rav : 20000ce buying on
[09:38] Vishal : 8908 is ref area in mp chart?
[09:38] r m : some previous high volume area
[09:38] Vishal : ok
[09:39] r m : today’s projected ref level is 8913 aboe 8868
[09:39] r m : *above
[09:40] r m : sellers at the top of each bar in NF
[09:40] Rahul G : shia BN charts are slow
[09:41] Rahul G : shai* nope sorry
[09:41] r m : i think BN itself went slow for some time?
[09:45] Tejpreet : Moderators when can we have the link to recording of webinar…..missed the secong half due to meeting.
[09:46] r m : @Tejpreet, me also missed a part due to bandwidth issues, hope Shai managed to record it
[09:46] Rav : upto 19600ce SC happening. If sustain for sometime,will push it up to 19630 spot
[09:48] Tejpreet : Hope so as webinar wa pretty informative.
[09:48] Tejpreet : was
[09:48] r m : yes
[09:49] r m : sellers bring NF below vwap
[09:49] Vinay : i missed the webinar
[09:49] Vinay : will you put the video online?
[09:50] r m : @Vinay, I am not sure that Shai managed to record it, there were some issues with Omnovia that day
[09:50] Vinay : ok
[09:50] r m : we do have an earlier video on footprints posted online though
[09:51] Vinay : sure
[09:51] Vinay : i”ll take a look
[09:51] r m : let me search for it
[09:51] r m : http://vtrender.com/premium/read-the-footprint/
[09:52] r m : direct link https://www.youtube.com/watch?v=O4VIayW_448&feature=youtu.be
[09:52] Vinay : thanks RM
[09:52] Shai : Yes we have a recording of the webinar. The link will be viewable by evening today
[09:52] Shai : will send over mail
[09:52] r m : Great!
[09:52] Tejpreet : great ..thanks.
[09:53] Shai : looking for buyers in NF’
[09:53] Shai : 8871 ref area
[09:53] Shai : onjective still 8913 F
[09:54] Shai : BNF can do 19580 here, sl below 19465. comp 19500
[09:56] Sharad : Shai today’s volume is very high compare to average ?
[09:58] Shai : In Nf some high volume near first 15 mins
[09:59] Shai : But have seen that happen on monday
[09:59] Shai : maybe higher than rest of the days , but for Mon t is ok
[09:59] Shai : BNF reason for the long was the green near VAH
[09:59] Shai : sl is also below VAH
[09:59] Shai : but we will drop the long if vwap not crossed
[10:00] Shai : auction is pink from Kra in BNF with a buyer near vah
[10:01] Sumit : gm everyone
[10:01] Shai : NF exit longs beow 8870 if any
[10:01] Shai : sellers at highe rprices this am’
[10:02] Sharad : ok
[10:03] Amit J : shai your view on unitech plz. result was extremely good
[10:04] Rav : action shifted to 19400
[10:05] Sharad : so Ravi BNF will go down now ?
[10:06] Shai : negotiating supply at 18
[10:06] Shai : tgt is 19 immediately and 22
[10:06] Shai : sl is 16.8 for next 1 week
[10:06] Amit J : thanks
[10:08] Rav : 8800 and 18400 ce pe – both are in short covering and short buildup mode. Confusion and Fear between call buyers and Confidence and Guts among put writers
[10:08] Sharad : ok then lets wait and watch
[10:09] Rav : axis,icici are kept in nehgative so bnf will go down to 19400 spot
[10:09] Sharad : current 19427 spot so not big room for shaort
[10:17] Shai : Sharad spot is over the 19370 resistance now
[10:17] Shai : looks acceptance if we stay here and then tgt become 19900- 19990 spot with sl of 19250
[10:18] Shai : From an intra day perspective we watch for ability of buyers to keep it above vah
[10:19] Sharad : ok Shai will buy above vwap
[10:19] Rav : bnf side mode. writers time
[10:21] Rav : 19500 20000ce writing happening:Down
[10:25] Shai : yes looks like earlt part of week is consolidation now
[10:25] Shai : writers to benefit
[10:25] Shai : trend seekers will call it a time correction
[10:26] Shai : spt 8840 is our area of interest for the close
[10:26] Sharad : and tomorrow holiday so writers active
[10:26] Shai : yes
[10:26] Shai : today US closed
[10:27] Sharad : yes
[10:27] Amit J : tomorrow we are closed
[10:28] r m : WPI data release at 12:00 may get some movement in market
[10:29] Shai : http://www.nseindia.com/global/content/market_timings_holidays/market_timings_holidays.htm
[10:29] Shai : Next log break is Mar6
[10:30] Shai : More buyers in BNF
[10:30] r m : nf finding sellers at bottom and buyers at top!
[10:30] Shai : book part BNF at 19550 and trail at 19495
[10:31] Shai : (09:54) Shai :BNF can do 19580 here, sl below 19465. comp 19500
[10:33] Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/ac103f0e-6d8d-483b-a651-4885b39e5c23
[10:45] Vishal : sir any view on tata global?
[10:51] Shai : No sir Vishal- It’s Shai
[10:52] Shai : there’s always a view on a chart . Feel free to ask 🙂
[10:53] RK : GM Shai, RM and friends
[10:53] RK : Shai Relcap is cooled down to 465 levels after a swing up due to result..biased to go long here..need your view
[10:56] r m : Hi RK
[10:57] Shai : tataflobal 154 supp
[10:57] Shai : has to close abv 155 today to continue upsides
[10:57] Shai : tgt around 164′
[10:58] Shai : tataglobal*
[10:58] Vishal : ok shai. all prices spot or future
[10:58] Shai : spot
[10:58] Vishal : ok
[10:58] Shai : only indices are fut for intra
[10:59] Vishal : ok shai
[10:59] Rav : bnf back to bear side
[11:00] Shai : recap 455 will be a great entry I feel
[11:00] Shai : with risk manage at 444
[11:00] Amit J : buy apollo tyre positional with sl
[11:00] Shai : tgt to be 477- 486 zone and then review once there
[11:02] r m : @Amit, SL for apollo tyre at?
[11:02] Amit J : for sl kindly contact shai 🙂
[11:02] r m : Thanks 🙂
[11:06] Shai : sl 176 can tgt that 202 if volumes come
[11:06] r m : Thanks Shai!
[11:06] Shai : clear abv 202 for 247
[11:06] r m : wow!
[11:07] Shai : 203*
[11:07] Amit J : 19 achieved unitech. lao shai
[11:07] Shai : 🙂
[11:08] Shai : Once more buyer at vah in BNF
[11:08] Shai : cannot take a long right here as we are under IBL
[11:09] Shai : can think long abv 510 for 560 again with sl of IBL
[11:12] Rav : sbi 310 pe 13 lacs and ce 38 lacs. If SBI comes to 308.80,then bn …..
[11:12] Rav : axis -1 and icici -0.4
[11:13] RK : Thanks Shai for Relcap view
[11:15] Sharad : so what can be BNF Ravi, as SBIN already at 309.7
[11:16] Rav : 19416.3
[11:17] Rav : 19394 previous vwap
[11:17] Sharad : already @ 19443
[11:17] Rav : sbi 0
[11:18] r m : NF at KRA
[11:18] Rav : sbi –
[11:21] Rav : 19416
[11:22] Rav : then 19394
[11:22] Sharad : 19394 already done
[11:23] Rav : 19320
[11:23] Rav : but I covered all lots
[11:24] Sharad : even i covered at previous vwap
[11:26] Rav : glad to note
[11:26] Sharad : Thanks kept shorts due to your message
[11:26] Rav : covered axis and sbi
[11:27] Sharad : 19400 Put writing…
[11:27] Sharad : sorry call writing
[11:28] Rav : present state of bnf http://www.screencast.com/users/Ravicbe/folders/Jing/media/39111bfd-d622-4688-b9bf-e24822a507a5
[11:28] Sharad : BNF seller at top in 11:20candle
[11:29] Rav : 10.59 first hi vol candle
[11:29] Sharad : Shai can short again near IBlow or DPOC
[11:29] Rav : sbi 310ce writers pushed heavily down
[11:30] Sharad : Shai’s chart and Ravi’s message awsome combination today
[11:32] r m : Banknifty spot support at 19240 as per Shai’s weekly levels
[11:32] r m : 19253 so far
[11:32] Rav : shais level ,OF ,delta and visibility for taking decision with double confidence really work well
[11:32] Sharad : RM where we can see weekly level ?
[11:33] r m : on the blog and I posted here as well
[11:33] r m : (08:55) r m:Weekly levels Nifty Spot prices Auction above 8842➜projected price 9035 cash Support bands 8755 and 8713
[11:33] r m : (08:56) r m:Weekly levels Banknifty Spot prices Upside possible only above decisive cross of 19385 Resistance 19660, 19784 during the week above 19785➜19970 quickly First support 19240
[11:33] Sharad : did not notice that ..Thanks
[11:34] r m : welcome
[11:34] Rav : make daily into weekly and 5 min into 30 min candle for weekly view in VP MP
[11:35] r m : Thanks Rav
[11:35] Sharad : 13/2 comment 10:48) Shai :19277 is vwap of Jan in BN spot
[11:35] Rav : my 2 cents rm
[11:36] r m : now NF at IBL
[11:37] Rav : 8841 8824 if we compare with bnf merely
[11:38] Rav : nifty short 8897
[11:39] Rav : 8816 YVWAP
[11:41] Tejpreet : lot of support zone in bn spot from around 19250 picked up 19500 call at 275.
[11:41] Rav : Covered at 8859
[11:41] Tejpreet : sl 19200 closing in hourly candle
[11:41] Rav : since 8800pe and 8900ce are pulsating
[11:44] Rav : NF LBU and BNF SBU ?!
[11:44] Rav : sc in bn will starngthen nf and must be careful since cnxit too in +0.23%
[11:50] Sharad : Now i think time pass till 1 pm then big player will enter
[11:50] Rav : Trend is up but waiting for green in LR
[12:01] Amit J : super no wpi
[12:01] Amit J : mkt will rise
[12:02] Shai : 🙂
[12:02] Varun : what is nf wap?
[12:02] Shai : A cross abv 19555 will bring 19610
[12:02] Shai : sl 19425
[12:03] RK : Shai you mean 19455?
[12:03] Rav : Bnf 19420 bought
[12:04] Varun : what is nf wap?
[12:04] Rav : nf at 8869
[12:04] Shai : yes 19455
[12:04] Rav : positional
[12:04] Tejpreet : booked half 19500 ce brought at 275 at 340
[12:04] Shai : cool Tejpreet
[12:04] Tejpreet : trailing rest at sl 275.
[12:05] Tejpreet : thanks. it was your lvl of 19250
[12:05] Shai : Meant 19455 : (12:02) Shai :A cross abv 19455 will bring 19610
[12:15] Shai : sl hit
[12:24] Vishal : single print in nifty lows?
[12:24] Vishal : mp?
[12:27] Vishal : same in bank nifty also around 19320
[12:28] r m : those prints are for current half hour, if they remain single after subsequent half hour periods, only then will be called single prints
[12:28] Vishal : ok
[12:28] Vishal : single prints are also called failed auction?
[12:28] Vishal : for the current period
[12:28] r m : in BNF H is single prints
[12:29] Porus : @RM, is that a ‘buyers tail’?
[12:29] r m : if there are only single prints outside IB area and price returns to the far end of IB Area then it is FA
[12:30] r m : @Porus, single prnts at lows
[12:33] r m : yes, BNF buying tail if single prints remain till close
[12:36] Vishal : resistance seen in nf at kra
[12:36] Rav : Single letters at the top or bottom of a MP charts are buying and selling tails and NOT single prints
[12:59] Rav : This COI in 8800pe of 8.93 L and 8900ce of 8.01 L making static mkt
[13:06] Sharad : gone BNF
[13:07] Sharad : some heavy selling after 1 pm
[13:07] Sharad : all read
[13:07] Sharad : red
[13:09] Amit J : 8840 spot getting resjected since morning
[13:17] Sharad : Ravi 8900 CE LBU or SBU ?
[13:17] Shai : Profile may throw up a close at 8840 spot
[13:17] Shai : Greece also in news tonight
[13:18] Shai : could be a runaway wednesday morning from this zone
[13:18] Sharad : 8830 spot now so no movement till end Shai ?
[13:18] Rav : 8800-8900ce LBU
[13:18] Shai : Yes Sharad
[13:18] Shai : we are in balance
[13:18] Sharad : ok Thanks Ravi , Thanks shai
[13:18] Rav : 8825-8833 spot is in fact defended
[13:22] Tejpreet : In Case of Greece negative news …..is it better to carry march 9000 call rather than any feb call.
[13:24] Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/1882cb6a-56a4-487f-a3cd-2ebd00e4166a
[13:24] Shai : yes suggesting March
[13:24] Rav : This is what happening
[13:25] Shai : technically the tgt is 27th feb for 9035 or 1st 2 days of March not expiry day which is one day earlier
[13:25] Shai : conservative **
[13:26] Shai : Failure to follow through below IBL in NF agan
[13:26] Tejpreet : Thanks for the update Rav n Shai.
[13:26] Sharad : So traders are bullish for today’s event
[13:26] Rav : 8800 is max pain and 8800-8900ce is clear strong buy
[13:27] Rav : 19700-19800ce is strong buy in BN
[13:28] Rav : bnf is buy mode again
[13:32] Rav : 9000ce too joined LBU
[13:38] Tejpreet : All set to looking for 9035 in safe mode …brought march 9000 call and feb 8800 pe at market price.
[13:41] Shai : Reports emerging now on the net that there is an agreement made to replace the old greek aid program
[13:43] Rav : ITC 370-400CE is heavy shortcovering. one can buy ce or future T 400+
[13:58] Rav : 8900CE 76 TO 86
[13:58] Rav : HI VOL IN NF CANDLE
[13:59] Rav : Sorry for Caps
[13:59] Sharad : BNF to vwap
[13:59] Sharad : not much traction to go above vwap
[14:00] Sharad : seller 4650 at top again…
[14:00] Shai : yes at vwap
[14:00] Sharad : BNF not sustaining today
[14:00] Shai : yes not managed abv vwap
[14:01] Shai : That vah was also at 19464
[14:01] Shai : was broken down after the first rush of support
[14:01] Shai : Now buyer disheartened
[14:01] Sharad : seee i was trying to sell near vwap…but gone down too fast
[14:02] Sharad : Shai can sell now below DPOC or here better
[14:02] Sharad : or wait for vwap
[14:03] Sharad : also green there but soon turn to pink
[14:04] Shai : is moving 355 to 455
[14:04] Shai : sell closer to vwap
[14:04] Sharad : ok fine waiting
[14:05] Vishal : shai view on adani power?
[14:10] Shai : adani power consoldiation mode
[14:10] Shai : looks like a 50-.3 to 52.4 range all week this
[14:11] Vishal : ok shai
[14:11] Vishal : thanks
[14:12] Shai : welcome
[14:12] Shai : Amit Apollo on the move
[14:14] Ravi : whats the sl if sold near vwap
[14:15] Amit J : yes shai.
[14:16] Sharad : Ravi your ITC moving
[14:17] Rav : not mine
[14:17] Rav : belongs to all smokers
[14:18] Sharad : hahaha
[14:18] r m : 😀
[14:18] Rav : bnf const moving up
[14:20] Rav : around 2500lots of writers positions are being caught in ITC ce
[14:21] Rahul N : @shai whats the level for axis and yes bank futures?
[14:24] Shai : axis bank 573.9 good supp and trend remins up fr 593 F
[14:24] Shai : weakens below 567 F ofr 553 quickly
[14:25] Shai : closing basis sl of 571.6 will still be good though 573.9 is best
[14:26] Rahul N : thanks
[14:26] Shai : yes bank Feb F looks set in 820- 846 range
[14:26] Rav : 8892 is targetting
[14:26] Shai : max 813 on downside this week
[14:26] Shai : buy dip and sell rises in yesbank
[14:27] Shai : 813- 846
[14:27] Rahul N : ok…
[14:27] Rahul N : whats your broader view on bank nifty before budget?
[14:27] Rahul N : futures
[14:28] Shai : More comfortable with long in BN abv 19380 spot but support at 19240 supp
[14:28] Shai : is solid*
[14:29] Shai : Futures are in hod mode here short term (this week) but more likely to target 19647F and 19990 possibly
[14:30] Shai : will update today at close as auction has gone sideways today
[14:30] Rav : booked intraday 8868 at 8892
[14:30] Rav : booked 8800 and 8900ce
[14:30] Amit J : ravi any view on unitech on options, huge writers standing at 17.5 and 20
[14:31] Rav : will lead to sc
[14:32] Rav : ITC 387 booked at 389.70 intraday
[14:32] r m : Good one Rav!
[14:33] Rav : wc rm
[14:33] Sharad : ok guys have to go.. will join later
[14:34] Amit J : what is sc @rav
[14:36] Rav : unitec 17.5 SC and 20ce LBU !!!!!
[14:36] Rav : SHORT COVERING.
[14:37] Rav : SELLERS are forced to cover 17.5 ce and buyers are comfortably taking 20ce at sitting with min risk.
[14:37] Tejpreet : Rav thanks booke itc 380 caa from 11 to 13.
[14:38] Rav : good
[14:38] Ravi : ravi i also bookd itc 388 to 389
[14:38] Rav : In such SC, you may even take 5-10 lots
[14:38] Ravi : but one lot
[14:38] Ravi : thanks ravi
[14:39] Rav : 380ce gave 2.75 for me for 6 lots
[14:39] Amit J : thanks
[14:41] Rav : ITC 390-400ce-1100 lots are trapped.one may buy 390ce ATM
[14:47] Rav : 394.80 396.35 is ITC Target
[14:52] r m : Thanks Rav
[14:58] Rav : 9000ce buying on. If SC happens on 18th, 65.8 lacs writers will get ….
[15:07] Rav : 8846
[15:09] r m : 19240 spot broken, let us see where bn closes
[15:14] Ravi : ravi’s itc strong
[15:17] Shai : Spiking at the close
[15:24] Shai : buyers at lows
[15:24] Shai : in NF
[15:24] Shai : 2 stages of long liqudation in BNF today
[15:25] Shai : one at 19465 and other at 19350
[15:25] RK : that 350 liquidation is a surprise
[15:27] Shai : yes
[15:28] Shai : buyers in BNF also
[15:28] Shai : more likely to bounce up wed to 19370 F
[15:30] Shai : some jitters at the close
[15:30] Shai : over to wed
[15:30] Shai : Bye all
[15:30] Shai : Have a nice evening
[15:30] Porus : Bye all
[15:30] Tejpreet : Bye all
[15:30] r m : Thanks and bye folks, Happy Shivratri 🙂
[15:31] RK : thanks and bye all