Here are the OrderFlow charts from today’s session.
General Chat Transcript
Date and Time: July 17, 2015 09:23:47
[08:54] Shailesh : GM all
[08:54] r m : Good Morning folks!
[08:55] r m : http://vtrender.com/levels-and-plan-for-17th-july-2/
[08:55] Manoj : GM RM
[08:55] Porus : GM RM and all
[08:55] r m : Hi Manoj, Porus
[08:55] r m : http://vtrender.com/orderflow-charts-and-notes-160715/
[08:55] r m : http://vtrender.com/option-values-dt-160715/
[08:55] r m : Nifty JUL Future levels | Key reference area 8601 | Hypo1 above 8655➜8682➜8702 SL 8613 | Hypo2 below 8601➜8582➜8512 SL 8655
[08:56] Sankar : GM RM 🙂
[08:56] Sankar : GM All 🙂
[08:56] Sandeep : gm all
[08:56] Hemant : GM folks
[08:56] r m : Banknifty JUL Future levels | KRA 19111 | Hypo1 above 19260➜19330➜19445 SL 19160 |Hypo2 below 19111➜18996 SL 19195
[08:56] r m : Hi Sankar
[08:57] Hemant : RM, how is the MO looking? Some further scope for rising
[08:57] John : GM all 🙂
[08:58] r m : MO is not going up since last 4 days, stuck at 50
[08:58] Naveen : Happy morning..
[08:58] r m : so the broader market is not in euphoric mood
[08:58] Hemant : Not clearly indicating anything yet
[08:58] r m : yes
[08:58] Hemant : Yes RM
[08:59] Mohul : GM all
[09:00] Vikkas C : GM all
[09:01] Moses : GM All
[09:01] Shai : GM all
[09:02] Sankar : GM Shai 🙂
[09:02] Sharad : GM all
[09:02] Srini A : GM Friends
[09:03] Ashish : GM all
[09:04] RK : GM Shai,RM and all
[09:04] r m : Hi RK
[09:04] Sudhakar : GM Shai,RM &All Frnds
[09:04] r m : results today – ACC, NIIT
[09:04] r m : Hi Sudhakar
[09:05] r m : results tomorrow – Federal Bank
[09:05] r m : results on monday – Ultratech, LICHF
[09:06] Tejpreet : GM all.
[09:10] Augustin : GM all
[09:14] Kathir : GM Shai RM all friends
[09:15] r m : Hi Kathir
[09:15] Abhishek : gm all
[09:15] Manthan : GM all’
[09:17] Naveen : very gm to all
[09:18] Venkatesan : gm shai,rm, kris and frends
[09:18] Shai : open in range of yesterday
[09:18] Shai : late afternoon mentioned 8601 as support 1 and is still the same
[09:18] Shai : 19160 in BNF
[09:19] Sankar : @Shai, can close the calls if that comes? or hold it till EOD with 55 as SL?
[09:19] Shai : close if 8601 breaks on reds
[09:20] Sankar : Thanks.
[09:22] Sankar : LVN 2 looks like may come sooner or later.
[09:24] Sandeep : shai any trades here
[09:24] r m : @Sanakr, I shifted to 8700CE and will hold that as per Shai’s stop
[09:25] r m : **@Sankar
[09:26] Sankar : Okie.
[09:26] Kathir : @RM one min you changed sankar to punjabi 🙂
[09:26] Sankar : lol.
[09:26] Sankar : but funny is, I didn’t realised it, until he again said with stars ;).
[09:27] r m : 🙂
[09:27] Sumit : GM everyone
[09:27] Sankar : they always say right, we are so used to chatting that, even if one types “teh” we will read it as “the”.
[09:27] r m : @Kathir, trying my best to reduce Tamil majority in the room 😀
[09:27] Augustin : @Shai – Can buy BNF above day’s high for 19330?
[09:27] Venkatesan : best of luck rm
[09:28] Shai : yes can buy BNF
[09:28] Augustin : Tks
[09:28] Shai : looking to see if we get continuation in NF abv 8655 intra
[09:29] r m : @Venkatesan, Thanks man 🙂
[09:30] Shai : Buy BNF at 18260 and at 18210 in 2 parts sl of 18160 tgt 18330
[09:30] Shai : can place limit buy at 260
[09:34] Venkatesan : :)))
[09:35] Augustin : @Shai – 8600 PE in a small qty is a good buy if it reaches 52-55?
[09:36] Augustin : or 45
[09:39] Manoj : both buy in bnf triggred
[09:39] r m : so much used to 18XXX levels that our calls still using that 🙂
[09:39] Sankar : lol 😉
[09:39] Manoj : put sl in system???
[09:39] Shai : keep BNF sl at 19155 in system
[09:39] Manoj : ok
[09:40] Shai : sharp sell reaction in NF
[09:40] Manoj : & also in bnf
[09:41] Vikkas C : BNF dips are getting bot
[09:43] Manoj : NF NEW LOW
[09:44] Manoj : SL HIT
[09:45] Manoj : i put sl @55 & on chrt low is @ 55 but Y my trade hppn @ 53.6
[09:46] Tejpreet : Shai do the current vol confirm presence of OTF players.
[09:46] Shai : what time is your trade?
[09:47] Manoj : 09.44.03
[09:47] Shai : 19156
[09:47] Manoj : no its 19153.6
[09:47] Augustin : even my SL hit. had kept SL at 19154
[09:48] Shai : exit BNF
[09:48] Ashish : Shai, what can be expected in BNF here on downside?
[09:48] Shai : about 19085
[09:49] Shai : see 19000 as a supp now
[09:49] Shai : there are buyers at these lows
[09:49] Ashish : ok shai
[09:50] RK : looks like profit booking only as small bounces coming in stocks too after every decline
[09:52] Manoj : http://imgur.com/NWRhzYb
[09:55] Porus : Shai, if 8601 breaks, do we look at val 8564?
[09:56] r m : 8582
[09:56] Shai : This selling is absorbing all buyers now
[09:56] Shai : we may have a tail
[09:57] Tejpreet : Break of 8601 …can we get into 8600 puts.
[09:57] Shai : can sl is still abv 8655 though
[09:57] Varun : my gf we will have a fa at vwap of ystrday
[09:58] Porus : RM, val is at 8564, right?
[09:58] Varun : we need to balance here
[09:58] r m : yes Porus but 8582 is a high volume area i think
[09:58] Porus : 8588 is POC
[09:59] Tejpreet : Thanks Shai.
[10:00] r m : @Porus, OK, my chart was showing 8582 as dpoc till 13:00 hrs yesterday when it broke up, I thought that was the reason for Shai’s first down target as 8582 🙂
[10:01] Shai : don’t take that 19110 hyp sell yet
[10:01] Shai : seeing buyers there
[10:01] Shai : NF at vwap has a role to play
[10:01] Shai : we watch orderflow there
[10:03] Shai : NF at vwap
[10:04] Shai : looks like a NOrmal day developing
[10:04] Shai : we have responsive sellers at top of IB and buyers at bottom
[10:04] Varun : so we bak here
[10:04] Varun : bal
[10:05] RK : KRA holds the key for the day..KRA -5 all longs hold is the theme for the day
[10:06] RK : looks like after decent volume in the first hour they have set the boundaries for the day..
[10:09] Shai : yes
[10:09] Shai : but BNF has come back quite a lot
[10:09] Shai : honestly though 18160 will hold at least morning
[10:09] Shai : thought*
[10:09] r m : 19160 🙂
[10:09] RK : yes alternate days one or other lagging
[10:10] Shai : 19160 🙂 🙂
[10:10] Shai : thank you RM
[10:10] r m : welcome 🙂
[10:10] Shai : care to make it a little less volatile so I can get used to the changing numbers?
[10:11] r m : @RK, maybe sector rotation? you will have a better idea since you trade all sectors
[10:12] RK : RM..you are right
[10:13] Venkatesan : :))) lol @ rm
[10:22] Hemant : Whilst the curtains are down, the music reminds me of age of empire 🙂
[10:26] r m : @Varun, re your query about MO lingering near plus 50 in the past, here are three instances – http://screencast.com/t/ncmyt7T52pi
[10:28] Sankar : Hemant, after Age of empire, LOR, any other good games like them?
[10:28] Sankar : there are no updates to them… almost bored with all levels..
[10:29] Sankar : levels/scenerios.
[10:30] r m : @Sankar, my fav are simuators, drive train, planes, trucks 😀
[10:30] r m : armchair driver 🙂
[10:34] Shai : Apologies for the long hold
[10:34] Shai : we are back..
[10:35] Vikkas C : shai can bnF be bought here ?
[10:35] Shailesh : Shai selling at Vwap is seen 3 times
[10:35] Shailesh : touch and go
[10:37] Rahul G : shai can you plz zoom out a bit
[10:37] Hemant : Shankar sorry for the delay, could try commmand & conquer
[10:37] Rahul G : not able to see the green in BN
[10:37] Sankar : RM, I am yet to try the simulators, will do that sometime 🙂
[10:38] Sankar : Will try that Hemant.
[10:49] Abhishek : is it going to be a B here
[10:56] r m : vwap said firm no to both!
[10:56] Vikkas C : yeah looks like that RM 🙂
[10:56] Suyash : if we don’t auction above 8630 today, do we have an excess here?
[10:58] Shai : yes that would be right
[10:58] Suyash : ok shai
[11:00] Abhishek : b shape profile here
[11:25] Vikkas C : days high anyone from here ?
[11:25] Sandeep : shai holding bn longs , should cover or wait
[11:32] Suyash : shai is it good to write 8750 calls for this series?
[11:34] Varun : rm has mo improved ?
[11:34] r m : will check Varun
[11:34] Shai : Suyash not yet very safe
[11:35] Shai : till spot holds abv 8560 now we can see 8750 at least once
[11:35] Shai : if we break 8560 spot again sometime next week we may expire around 8450
[11:36] Varun : is 8450 the vwap
[11:36] Varun : shai
[11:36] Shai : till than happens chance of expiry at highs this series os higher
[11:36] r m : @Varun, 51 🙂
[11:36] Varun : shai u used to caluclate expiry range via vix
[11:36] Varun : wht the range as per formaula and vx noe
[11:36] Shai : Yes vwap around 8410
[11:37] r m : @Varun, i posted the chart for previous instances of MO lingering at 50, did you see it?
[11:37] Varun : no, missed it
[11:37] Varun : \wht ref did we get
[11:37] Shai : Varun will look at it
[11:37] Sandeep : shai holding bn longs , should cover or wait
[11:37] RK : I think that expiry calculation better in last week to get more closer expiry no
[11:37] Suyash : right shai. thanks for this
[11:37] Shai : Sandeep intra?
[11:37] Sandeep : ya
[11:37] Shai : can book
[11:38] r m : @Varun – http://screencast.com/t/ncmyt7T52pi
[11:38] Shai : this 19160- 180 zone got broken this morning on decnet sell vols and now resisting
[11:38] Shai : also vwap there
[11:38] Shai : and longs comfy only abv vwap
[11:39] Sandeep : okay
[11:41] Varun : no najor fall, slight side ways and we move more up 🙂
[11:41] Varun : @rm
[11:41] Varun : major
[11:41] r m : Varun, yeah that is what happened earlier
[11:45] Varun : shai wht abv 8720 ref level
[11:49] Shai : that is the major one the 8900/ 9100 again
[11:50] Shai : 8720- 8750 is next big supply
[11:50] Shai : this auction should probe there once as we have OTF abv vahall these days
[11:53] Varun : looks like, cos every one ready to short today
[11:53] Varun : lets hava fa at bottom matches lvn + vwap
[11:53] Varun : 🙂
[11:53] Shai : Buy BNF again abv 19185 sl of 19130 tgt 19240/ 19280
[11:54] Shai : buy abv **
[11:55] Shai : we will see if cross of vwapcan push morning sellers out
[11:55] Shai : buying resp from kra is good
[11:56] RK : would like to remind here Shai had said on last expiry day, above 8485 spot we are looking for 8750 spot in July..last 3 days auction affirms that 🙂
[11:57] RK : better take a note of what Shai says about weekly or monthly TF..10/10 hits
[11:58] Varun : great
[11:58] Varun : will not forget
[11:58] Sankar : last weekly projection also same.
[11:58] Varun : regular reminders of ltf calls would be great
[11:59] RK : Varun I had pasted a noted on my desk with this comment “above 8485 spot – dont short but look for 8750 spot esp when trend days values are not taken out” 🙂
[11:59] RK : *note
[12:02] RK : especially on the panic selling or euphoric buying days better to get out of noise and look for Shai’s weekly levels and they offer a great comfort to position ourselves and saves trades..
[12:03] r m : @RK, Shai is bullish about July from the beginning, he even asked me for last 10 years July data 🙂
[12:03] RK : Yes he has written that in a post “July has been always a good month”. :
[12:05] r m : BNF visited trend day’s vwap but NF stayed above so far
[12:07] Varun : ya july i read is bullish generally
[12:07] Varun : wht abt august, is it sideways
[12:08] r m : most of the augusts i remember have been deep pits 🙂
[12:08] r m : blackholes!
[12:08] Hemant : lol
[12:08] Ravi : Hi All.. little late .. I see BNF recommended trade abv 19185, right
[12:09] Shai : yes
[12:09] Ravi : looks lie it entered
[12:09] Ravi : like*
[12:11] Ravi : entered at 19187.7
[12:16] Shai : yes
[12:16] Shai : greens are there and probe is to the morning sellers
[12:17] Shai : this : (11:55) Shai :we will see if cross of vwapcan push morning sellers out
[12:20] Shai : NF plan was to see if we stay abv 8630 and add intra abv 8655
[12:20] Shai : so far first attempt abv 8630 not good
[12:21] Ravi : need one clarification – we sell 50% for tg1 and keep 50 for tg2?
[12:23] Sankar : Shai, how that order flow indicator is green, while all deltas are red in NF. one saying buyers there, one saying no buyers.. 🙁
[12:25] Varun : lower buyers better than present sellers
[12:28] Sankar : ok
[12:35] Sankar : @Shai, 8400 PE, is it a good buy above 48 with 30 as SL? and target above 80+?
[12:35] Sankar : Not sure if it will come though, but if it comes, our KRA etc would have been triggered.
[12:36] Sankar : your opinion plz.
[12:40] Shai : sankar 8400 pe has intra res at 27 today- will get momentum abv 33 only for 48
[12:40] Shai : so buy abv 27 and add at 33 plus
[12:40] Shai : Yes Ravi
[12:40] Sankar : Shai, terribly sorry. I meant to ask about 8500 PE.
[12:40] Ravi : ok.. thanks Shai
[12:41] Sankar : damn it, this sudden move is playing with our minds and numbers 🙂
[12:41] Hemant : Trades with +- 5 paisa 🙂
[12:42] Shai : 45 is val in 8500 pe so buy abv 48 is right for 57 and 62
[12:42] Sankar : yeah.. 30 mins <10 point ranges..
[12:42] Sankar : Oh cool. Thanks Shai.
[12:51] Vikkas C : shai with todays volume in BNF can we expect ur yesterdays TGRT of 18337 😉
[12:53] r m : 18337 to mushkil hai, 19337 aa sakta hai 🙂
[12:53] Sankar : 19337 😉
[12:53] Shai : Buy NF for 8655 sl of 8619
[12:53] Vikkas C : haha RM
[12:53] Vikkas C : 19337
[12:53] RK : RM is tired of correcting everyone today :0
[12:53] Vikkas C : yeah
[12:54] r m : @RK, yeah, hardly leaves any time for trading 😀
[12:54] Shai : BNF tgt1 – 11:53) Shai :Buy BNF again abv 19185 sl of 19130 tgt 19240/ 19280
[12:56] Vikkas C : bas aur 97 points in BNf ..RM push karvao isko jaldi jaldi 😉
[12:56] r m : lage hain sirjee 🙂
[12:57] Hemant : 🙂
[12:57] Vikkas C : 🙂
[12:58] Ravi : sl remains same for remaining 50%, after tgt 1 is met?
[13:00] r m : Sl should be moved to cost in my view once first target is done
[13:00] Ravi : ok
[13:05] Hemant : Buyer should respond here or its the sellers day out
[13:12] Sankar : We should name such days as Vwap day 😀
[13:15] r m : naarmal day sirjee 😀
[13:15] Hemant : lol 🙂
[13:16] Hemant : On a mini-micro level wouldnt this be a DD 😀
[13:16] Ravi : buy NF at CMP 8628? @shai
[13:17] Shai : exit all NF longs
[13:17] Manoj : & bnf ???
[13:17] Shai : exit
[13:17] Manoj : ok
[13:18] Shai : move abv vwap in NF not good
[13:18] Sankar : ok
[13:20] Hemant : Bulls – Fatigue – Dip?
[13:21] Sankar : I wish 4pm comes in just 10/15 mins..
[13:21] Sankar : :-O
[13:37] Augustin : Zzzzzzzzz 🙂
[13:41] r m : when every body is sleeping, nf trying to sneak away 🙂
[13:44] Augustin : LOL
[13:45] Manoj : will shai record the webminar ???
[13:46] Manoj : cozz i cannot attend it
[13:49] Naveen : Any level for a fresh entry for long Shai
[13:52] r m : Shai’s views on stocks are saved in the above doc, kindly check before raising a fresh query, maybe your stocks levels are already there
[13:59] Kiran : Is BNF buy call valid ? Just logged in.
[14:00] Manoj : no kiran
[14:02] Shai : t
[14:02] Shai : Naveen you can get in the same long in NF for 8655/ 65
[14:03] Shai : most probabaly we will do a test abv 8655 and come back
[14:05] r m : (*** Private to Manoj ) Webinar will be recorded Manoj
[14:06] Manoj : thanks rm
[14:06] r m : welcome
[14:07] Kiran : Thanks manoj. actually first target sell order is exceuted. now should I exit second or wait.
[14:18] Shai : in?
[14:19] Shai : BNf exit also gven
[14:19] Shai : mkt is too coiled up over here for a directional trigger
[14:19] r m : must be selling the rights to RaGa speech 🙂
[14:19] Shai : but being a friday we will still wait to see if there is 1 move
[14:20] Ashish : wow
[14:20] Hemant : Where can this drop stop Shai ?
[14:20] Ashish : Shai, still 8601 is support
[14:20] Shai : 8601
[14:20] Shai : hardly 50L volume
[14:21] Shai : theymay shakeout triggers at extremes to build vols
[14:21] r m : shuru to hone do bhai 🙂
[14:21] Ashish : 🙂
[14:21] Shai : don’t keep limit orders ar extremes
[14:22] Hemant : RM, shuru karvao sir! Pura din nikal gaya, not a penny to smile about
[14:23] r m : @Hemant, that is the problem with normal days, “khaya piya kuchh nahin, glass todne ke paise” 🙂
[14:23] Hemant : That too a glass with gaping ched 🙂
[14:23] r m : 🙂
[14:24] r m : Guys the webinar is going to be recorded
[14:24] Hemant : Great news!
[14:24] Hemant : Need some sleep after this session for a bit
[14:24] r m : yeah, though it will be easier to ask questions in the live mode 🙂
[14:24] Manoj : my 2ice nifty s hit
[14:25] Hemant : Will be wide awake by then
[14:26] Sumit K : r m – please change the color of font as you are a Moderator
[14:26] Sumit K : Like Shai
[14:27] Manoj : rm keep red
[14:27] Sumit K : green
[14:27] r m : @Sumit, ok, though i never give trade advise so thought being hidden will be best 🙂
[14:27] Sumit K : we dont want you to be hidden
[14:28] r m : this is ok?
[14:28] Sumit K : a bit darker
[14:28] r m : though chaning to green at 8600 is not very wise 🙂
[14:28] Varun : big no
[14:28] Varun : too light
[14:28] Manoj : yes tooo light
[14:28] Kathir : thanks RM
[14:29] r m : this is the darkest!
[14:29] Manoj : ha ha rm
[14:29] Sumit K : you never know – we might see 9000 very soon
[14:29] Sumit K : because of this change
[14:29] r m : yes Sumit 🙂
[14:29] Sumit K : how about blue
[14:30] r m : @Varun, too few options there, blue is taken by Kris
[14:30] Kathir : blue for kris
[14:30] Sumit K : then the light green is fine
[14:30] r m : this is another dark color but looks like black only
[14:31] Vikkas C : hahah RM
[14:31] Hemant : same same 😛
[14:31] Manoj : has a bit shade of brown ???
[14:31] Shai : news greens
[14:31] Manoj : shai ???
[14:31] Vikkas C : nifty is glued to the vwap
[14:32] r m : that 56850 guy at 8645 needs to be taught a lesson
[14:32] Hemant : lol
[14:32] Manoj : litreally man he might be very happy
[14:34] Sandeep : whos gonna do that
[14:34] Varun : RM think hw 5000 puked below 20
[14:35] Varun : 50000*
[14:35] r m : 🙂
[14:35] Varun : if tht 56859 goes u mite get a spike
[14:35] Varun : 850
[14:35] Varun : bt i doubt it will happen
[14:36] r m : ok
[14:36] Hemant : RM, MO? 34325 could be trapped as well no?
[14:37] Hemant : Shai put it very eloquently, its all coiled up
[14:38] r m : MO is at 49, we put too much pressure on MO, it refuses to go up now 🙂
[14:39] Sankar : You all want MO to go up or down?
[14:39] r m : lol
[14:39] Hemant : Sankar MO to stay where it is
[14:39] r m : we want Nifty to go somewhere 🙂
[14:39] Sankar : 🙂
[14:39] Sankar : hehehe.. let it be RM :).
[14:40] Sankar : Shai, so with this kind of rangebound close, what is the EOD decision for CEs.
[14:41] Sankar : I am clueless.. 8601 saved today.
[14:42] Sankar : 🙂
[14:49] r m : nf balance to imbalance to balance – http://screencast.com/t/EXTZAafivLw
[14:49] Manoj : green
[14:49] Shai : close it Sankar – we will take a fresh view on mon
[14:50] Sankar : Tx Shai. Its a good week :).
[14:52] RK : after a 300 up for the week, they decide to close vwap on Friday without any heroics :).
[14:52] r m : yeah, this way both sides can be trapped 🙂
[14:52] Shai : yes
[14:53] Shai : range for expiry has moved to 8520- 8750 now
[14:53] RK : RM more than a trap I look at it as Sellers dont want to try here..clear advantage to bulls 🙂
[14:53] Hemant : 8800 CE and 8450 PE short would do Shai ?
[14:54] Shai : 8500 spot is the support into next week
[14:54] Shai : yes hemant
[14:54] Hemant : Ok Shai 🙂
[14:54] Shai : RM does not want to move his MO and my 8550 pe is stuck
[14:55] r m : we got early forecase of normal day – (10:04) Shai :looks like a NOrmal day developing(10:04) Shai :we have responsive sellers at top of IB and buyers at bottom
[14:55] Augustin : @Shai – No open positions into the weekend?
[14:55] Shai : Orderflow 🙂
[14:55] r m : 🙂
[14:55] RK : RM will get that cat out only after his 8700 CE makes him happier 🙂
[14:56] r m : @RK 🙂
[14:56] Shai : Augustin I have some longs in index with the hedges made during the week
[14:56] r m : to quote our great leader, happiness like poverty is a state of mind 🙂
[14:56] Augustin : Alright. Tks Shai
[14:56] RK : RM going home without hedge on the hope that your cat in the bag will help 🙂
[14:57] r m : lol
[14:57] RK : alas! finally one weekend without any noise from Greece 🙂
[14:57] Shai : MO is the only disappointing thing of this week. Thought it would be 80 plus by now
[14:58] Shai : lol RK
[14:58] RK : yep amazingly compressed MO with index inching up..
[14:58] RK : 🙂
[14:58] r m : Maybe they are busy negotiating sale of Parthenon to China to pay off Euro debts 🙂
[14:58] Hemant : 🙂
[14:58] Sumit K : Greece free monday after 3 weeks
[14:59] Tejpreet : RK key German parliament vote today .http://www.cnbc.com/2015/07/17/germany-faces-key-vote-on-greek-bailout.html
[14:59] Tejpreet : 🙂
[14:59] RK : Hey Tej I dont want to read any link now 🙂
[14:59] r m : lol
[15:02] Srini A : Guys, anyone else faced this issue in Zerodha – I found a closed position getting reopened afresh with same quantity / M2M. It disappeared after I closed and logged back again. I am getting worried with zerodha now
[15:03] RK : I think its NEST issue and after restart it will be alright..
[15:03] Suyash : yes it’s a nest issue
[15:04] Suyash : happened with me too when i used to trade with rk global on their now terminal
[15:04] Srini A : OK…I see it in Pi – may be the same guess
[15:05] Sankar : I am trading with zerodha, atleast no issues today.
[15:05] r m : Pi is Zerodha’s own software, nothing to do with NEST
[15:05] Srini A : Yes RM. I think Pi is bit wierd for past 2 days. Even ticks are not consistent
[15:06] r m : ok, I have not used it because my data extractor does not work with it
[15:09] RK : same like morning..sellers are absorbed
[15:10] r m : adv/dec has come down to almost 50/50
[15:10] Sandeep : SHAI any trade for next week
[15:10] Hemant : MO stable, sellers absorbed.. what next?
[15:10] Sandeep : or we come back fresh on monday
[15:10] RK : yes RM rotation..
[15:10] Hemant : 🙂
[15:11] r m : @Hemant, maybe Everest 🙂
[15:11] Hemant : Indeed RM 🙂
[15:11] Manthan : BN chart in Patal Lok, 🙂
[15:12] Shailesh : these 3, 40k sumthing sellers wht exactly thy are doing ?
[15:12] Shailesh : see the last tick
[15:15] Kathir : very poor volumes in NF
[15:15] r m : MO at 41!
[15:15] RK : Kathir Yes..
[15:16] Hemant : Staying on call side for now?
[15:16] RK : RM yes was expecting MO to cool off further due to profit booking in last hour..
[15:18] Vikkas C : so with MO being soo low ..does that mean longs are safe as per it ?
[15:20] RK : Vikkas no need to agressively hedge your longs is what I take it
[15:20] Vikkas C : haan ok..thankd RK
[15:21] Vikkas C : *thanx
[15:26] Shai : I have to logoff the session at the close and start a new one
[15:26] Shai : we will take a 20 minute break and be back
[15:26] Mahipal : pl strart from basics as new to profile
[15:26] Manoj : sure bye shai
[15:27] Shai : Let’s start at 4.10 and try to close by 5’sh
[15:27] Vikkas C : its going to start at 4.10 right
[15:27] Sankar : Sure Shai.
[15:27] Vikkas C : ok cool thanx
[15:27] RK : fine
[15:27] Sankar : See you all soon at 4pm.
[15:27] r m : Thanks guys, let us get some tea 🙂
[15:27] Shai : 🙂
[15:27] Sandeep : how do you get the recording
[15:28] Shai : will email it after 2 days
[15:28] Sandeep : wont be able to attend
[15:28] Shai : may take a bit more as it is weekend
[15:28] Shai : I will upload it to the blog when it is ready
[15:29] Shai : close is coming at vwap
[15:29] Sandeep : okay
[15:29] Shai : Normal day
[15:29] Manoj : bye shai
[15:29] Manoj : bye rm
[15:29] Shai : but excess in BNF at highs
[15:29] Tejpreet : Bye all , catch up post break .
[15:29] r m : Bye Manoj
[15:30] Sandeep : bye
[15:30] Shai : Bye for now
[15:30] Shai : catch up the oter side
[15:30] Shailesh : yup Shai
[15:30] Hemant : Same room Shai?
[15:30] Moses : Bye all
[15:30] Porus : bye all
[15:30] Porus : bye all
[15:30] Vikkas C : bye all
[15:31] Srini A : Bye All
[15:31] Sudhakar : Bye all
Custom Chat Transcript
Date and Time: July 17, 2015 09:23:47
[09:00] Mohul : Shai your view on EROSMEDIA ?
[09:42] Shai : eros media has moved up well
[09:42] Shai : still good abv 617 all day
[09:42] Shai : can hit 641
[09:42] Mohul : Thanks!
[09:43] Ashish : Shai, ultracemco can be shorted at these levels?
[09:43] Shai : seeing a huge supply around 660 for this move up
[09:44] Shai : ultracem just profit booking
[09:44] Shai : weakness will come below 3160 only
[09:45] Ashish : ok shai, thanks
[09:45] Shai : avoid shorts if it corsses 3204
[09:47] Ashish : got it..
[10:18] Naveen : shai ur views on biocon?
[10:19] Soumya : shai can you check nse:bajfinance once?
[10:37] Shai : biocom is meeting supply at higher levels
[10:37] Shai : at 480 it has an imp support but looks like buyers still not showing up here
[10:38] Shai : 474 second supp
[10:38] Shai : can drp to 466 is that breaks
[10:39] Shai : bajfinance 5280 supply
[10:40] Shai : as long as 4850 holds positionally stock is good
[10:40] Shai : and can do 5700 again- monthly tf
[10:41] Soumya : Guys I came across an interesting stock idea
[10:42] Soumya : Torrent Pharma
[10:42] Naveen : thanks shai
[10:42] Soumya : It had got approval for a drug which has market of 5bn dollars
[10:42] Soumya : total only 5 people have approval till now
[10:42] Soumya : and for 180 days from 28th april these people will have exclusivity
[10:44] Soumya : So I am calculating 5bn divide by 2 then 35% reduction in prices as patent is no longer there then calculating 10% (assumed market share)of that to come at the estimated sales increase from the product in 6 mths
[10:45] Soumya : Which means 30-50% upside with low downside risk
[10:45] Soumya : Shai can we check torrent pharma technically once as result is on 27th which i expect to be blockbuster
[10:46] Soumya : Nd is it okay to discuss such opportunities here? as thoda funda ho gya?
[10:47] Soumya : 30-50% in 6 months i meant
[10:48] Soumya : NSE: TORNTPHARM
[10:49] Tejpreet : Soumya thanks for sharing in the group.
[10:50] r m : @Soumya, discuss everything man, at least traders will hve some info on fundas 🙂
[10:51] Soumya : Welcome Tejpreet and rm.. Thank you for support
[10:52] Shai : torrent just beginning to spike
[10:52] Shai : some 1 is selling near 1345 from 2 weeks
[10:52] Ashish : Thanks a lot Soumya for info :).
[10:53] Shai : today has big support at 1330 though
[10:53] Shai : positionallly see 1280 as a nice support and objective on current vols at 1383/ 1450
[10:53] Shai : if vols increase can move up
[10:55] Soumya : Thank you Shai..
[10:55] Soumya : Welcome Ashish
[11:16] Abhishek : shai please updtae on ABIRLANUVO postional
[11:42] RK : Shai HDFC looks week..any chance for back to 1320 levels?
[11:45] Shai : still put supp at 1935 technically should have crossed abv 1963 today but may not
[11:45] Shai : tgt of the move still at 1998 bv 1935
[11:46] Abhishek : great thanks shai
[11:51] Tejpreet : Shai views in Yes bank for ID short, coming off lows.
[11:57] Shai : looks like a good long for 830 if it holds day lows
[11:58] Tejpreet : Thanks Shai.
[12:16] Soumya : shai please give a review on ibhf
[12:18] Vivek K : shai anything on SPARC?
[12:21] Shai : Yes did 830
[12:22] Shai : ibhf look for 676/ 678
[12:23] Tejpreet : yep …infact got saved was asking for short 🙂
[12:25] Shai : sparc some vol is here but also supply point 448- 452
[12:26] Soumya : ok shai thanks
[12:26] Shai : not sure yet if it wants to brekout but tgt is 562 if it does
[12:26] Shai : will still be agood weekly close abv 435
[12:26] Shai : watch it for next week
[12:27] Shai : Tejpreet I actually read you wrong 🙂
[12:27] Shai : I thought you said shortcovering as you mentioned coming off lows for shorts
[12:29] Tejpreet : Anyways the moment you said 830 i cancelled the sell order 🙂
[12:29] RK : watch for LT..about to breakout
[12:31] Vikkas C : @RK eyeing it since yesterday 😉
[12:35] RK : yep any stock trading closer to 52wk high..pay more attention 🙂
[12:35] Vikkas C : yup RK
[12:36] Vikkas C : shai views on LICHSGFIN ?
[12:39] Vikkas C : and also ASIANPAINTS pls ?
[12:39] RK : LIC in stocks sheet 480-482 supply and need volumes to take that out is what Shai has commented
[12:40] Vikkas C : ok thanx RK
[12:45] Shai : asian short was better near 840 today
[12:45] Vikkas C : yeah missed shorting at those lvls 🙁
[12:46] Shai : asian short was better near 840 but here it has 821 supp close by
[12:46] Vikkas C : ok gr8 thanx shai
[12:46] Shai : has come off a lot and riskier here
[12:46] Vikkas C : yeah..on watch list here onwards ..thanx
[13:42] Vikkas C : TATAMTR poisitonal long views shai ?
[13:45] r m : I thought it was some new stock tatas listed just now 🙂
[13:45] Vikkas C : lol
[14:47] Vikkas C : @RK 2nd time in 2 sessions L&T not giving brkout ..next time it will be kickass brk if happens
[14:48] RK : Vikkas yep.
[14:50] RK : Many stocks are on the verge of burst up..TTM,Tatasteel etc..but being a weekend all at speed brakers 🙂
[14:51] Vikkas C : yeah ..add voltas as well to it
[14:51] Vikkas C : ashok leyland as well
[15:13] Tejpreet : Yes Bank Cracks with good volume
[15:17] Vikkas C : most of the banks are low but yet abv IBL
[15:19] Tejpreet : Yep …mostly profit booking before the weekend.
[15:19] Manoj : shai i am postional short on dish @ 96-98 two lvls should i hold or exit ??? its positional trade
[15:19] Manoj : dishtv
[15:20] Vikkas C : @RK whats ur view on baja-auto ?
[15:20] Vikkas C : seems getting tired now
[15:23] Shai : dishtv sideways
[15:23] Shai : not a good short though to hold here
[15:24] Manoj : any sl or exit
[15:24] Manoj : thanks for prompt update
[15:25] Shai : 111 support – weak only below that
[15:25] Shai : 115 res