General Chat Transcript
Date and Time: November 18, 2014 09:28:06
[08:59] r m : Good Morning folks!
[08:59] Porus : GM all
[08:59] r m : http://vtrender.com/levels-and-plan-for-18th-nov/
[09:00] r m : http://vtrender.com/premium/orderflow-charts-and-notes-1711/
[09:02] Clay : rm some problem with vtrender site-not opening
[09:03] r m : NF Hypo1 Below 8464 (in IB period)➜8431➜8416 SL 10 points Hypo2 Above 8470➜8492➜8512➜8558
[09:03] Clay : thanks
[09:03] r m : BNF Hypo1 Above 17788➜17954 SL below 17720 Hypo2 Below 17735➜17681➜17620 SL 17788
[09:04] r m : @Clay, yes, some issues cropping up there I guess, it works off and on
[09:06] r m : it opens within this frame but does not open in a separate browser window when clicked on the link here
[09:10] Shai : GM all
[09:10] Clay : gm
[09:11] r m : http://tinyurl.com/OptionCharts for NF & BNF Option Profile and OI Charts
[09:12] Sharad : GM all
[09:12] Sharad : no charts…
[09:14] r m : Pre-market suggests open near PDH for both
[09:17] Shai : Charts up in a min
[09:18] Sumit : gm everyone
[09:20] r m : bnf seems to be gettiing buyers near 17680
[09:20] Kathir : Hi Shai RM and all friends
[09:20] r m : Hi Kathir
[09:26] Shai : Alogise for the long wait
[09:26] Shai : *apologise
[09:27] Shai : Ref area in NF is the anomaly at 8430 and 8416
[09:27] Shai : as long as it does not cross yesterday highs that should be visited per hypo1
[09:37] r m : looks like OAIR in both?
[09:38] r m : in that case one could take a long nap till Europe Open 😀
[09:38] Shai : yes OAIR but abv value
[09:38] r m : ok
[09:38] r m : Thanks
[09:38] Shai : no abv value things could happen
[09:39] Shai : within value it is 95% nap time
[09:39] r m : lol
[09:41] Kathir : 🙂
[09:41] Shai : Vix has dropped a full point
[09:49] Shai : Iv’s are flat in NF but call IV’s are dropping in BNF
[09:51] Shai : 18000 ce is at 80
[09:51] Shai : could be a good buy this week
[09:53] Kathir : buy now
[09:53] Kathir : ?
[09:54] Kathir : yest someone was asking about relcapital 10 points up fro there
[09:54] Kathir : shai’s trgt 526
[09:54] Amit J : shai can you please check chart or renuka
[09:59] Shai : Kathir can buy abv 17740 or on dips i parts
[09:59] Shai : Blog : .The imbalance move has targets of 17954 this week if 17540 is held .
[10:00] Kathir : ok shai thanks
[10:06] Shai : Amit updating renuka chart
[10:13] Shai : renuka headed for 22.1
[10:13] Shai : strng volumes today
[10:14] Amit J : thanks
[10:14] Shai : should see 20.7 before thurs/ fri
[10:21] Anay : @Shai view on Adani Ent plz
[10:31] Shai : sure
[10:34] Shai : 520 res in adani
[10:34] Shai : if 498 holds can see 511/ 520 by fri
[10:34] Shai : below 490 will go to 474
[10:37] Shai : BNF 17710 now supp for the day
[10:37] Shai : minor res at 17788
[10:37] Shai : all clear for 17954/ 18161 abv that
[10:37] Shai : time frame is by friday or monday 1st session
[10:39] Anay : ok thanks
[10:41] Shai : 17785 BNF
[10:41] Shai : welcome Anay
[10:44] Shai : NF has spent the morning upto 8442
[10:44] Shai : more time here abv 8440 is acceptance and indicates the market’s willingness to go higher
[10:45] Shai : also staying abv vwap
[10:45] Shai : we will cut the NF short and look for longs abv 8470
[10:45] Mandar : Shai view on Bosch pls.
[10:49] Shai : 16580 supp – upside open till 18455
[10:49] Mandar : ok.
[10:49] Shai : buy dips – strong uptrend
[10:49] Shai : investor stock
[10:50] Mandar : yeah
[10:50] Shai : 15850 supp
[10:50] Mandar : ok
[10:52] Kathir : @shai excellent view relicapital 526 trgt achieved..
[10:52] Shai : 🙂
[10:52] Shai : Not my pick – credit Amit here
[10:53] Shai : shorts had no option but to cover abv 503 today
[10:53] Kathir : yeahthanks amit
[10:56] Amit J : 🙂
[10:57] Amit J : shai now what should be positional sl for nifty
[10:57] Amit J : shai dlf looks extremely weak.
[10:58] Shai : Amit till this month the same 8325 but longs come off if auction goes below 8380 anytime
[10:58] Shai : On the bigger scale it is 8180 spot
[10:58] Shai : ‘The marked has managed to stay above the longer time frame supply at 7920- 7940 spot . This region is also now new support over the short term. The previous swing high of 8180 spot has excess now and is also a higher support for the index. Resistance likely to play out first near 8438 (High on 17/11) and if crossed near 8544-8580 spot.Support for the index in the coming week will be at 8361 and 8323.”
[11:02] Shai : FII’s about 200 points up on that huge 31st order and 10% of that holding coming off- http://screencast.com/t/CO3WkNBBtTV
[11:03] Shai : 31st OCt closed at 8355 but was a 120 point day from 8220 approx
[11:17] Amit J : shai its wrong
[11:17] Amit J : that was not increase. nifty contract size decrease adj
[11:17] Amit J : plz do your calculation accordingly.
[11:19] r m : @Amit, Thanks, guess I laid an egg in that calculation 🙁
[11:19] Amit J : contract size is decreased from 50 to 25 so OI looks increased.
[11:20] r m : yes
[11:23] r m : unfortunatel that could not be incorporated in OI Analysis because part of index futures are BN where contract size did not change
[11:39] Anay : @Shai what is the composite delta of last 3-4 sessions?
[11:40] r m : @Shai, @Amit – that addition in Index Longs will be +46604 and Index shorts -3597 for 31st OCT assuming all contracts were Nifty Fut
[11:40] r m : adjusting for change of contract size from 30th to 31st
[11:41] r m : incorporated in comment on spreadsheet
[11:45] r m : @Amit, it was +324 on 17nov
[11:45] r m : for NF
[11:45] r m : https://www.dropbox.com/s/y5fr2yhabycxbnq/Nov_FP_swing.png?dl=0
[11:45] r m : https://www.dropbox.com/s/y5fr2yhabycxbnq/Nov_FP_swing.png?dl=0
[11:46] r m : https://www.dropbox.com/s/k7cs9r7iaxg9bz8/Nov_BNF_swing.png?dl=0
[11:54] Anay : Thanks rm
[12:04] r m : welcome
[13:19] Sharad : NF delta at low …-225
[13:22] Shai : Problems with the ISP today
[13:22] Shai : getting disconnected often
[13:24] Sharad : Shai with so much negative delta can we short NF below vwap 8455 what could be the target
[13:26] r m : 8431➜8416
[13:26] Janak : bn dpoc shifting up that means buyers getting more hold?
[13:26] r m : Hypo1
[13:26] Sharad : ohh forget to see that Thanks RM
[13:27] r m : welcome
[13:28] Sharad : I think we should start going down around 2 pm
[13:29] Janak : anyone for 795 in bn?
[13:30] r m : above 17788 it is 17954 🙂
[13:30] Sharad : its there only
[13:30] Shai : negative delta under pressure over vwap
[13:31] Shai : same happened yesterday at 8370 below vwap where there were buyers but they could manage to take the index abv vwap yesterday
[13:32] Shai : these guys shorting agressively can be pushed out as we are abv last wk high and vwap as also vah
[13:32] Sharad : but today should be reverse … as every dau is not same
[13:32] Sharad : day
[13:32] Shai : concur
[13:33] Shai : hence vwap on watch or that 8470 of hypo1
[13:34] Sharad : Shai we have already done 8469.40 so 8470 done….
[13:34] Janak : i put a book-order at 794.95 – bn did 794.15 and showed me a middle finger 🙂
[13:35] r m : 😀
[13:35] Sharad : so Janak …17788 can not be said as broken… not stayed above it for even 5 minutes
[13:35] Janak : now it is broken
[13:36] Sharad : still eait for 5-10 minutes
[13:36] Sharad : wait
[13:36] Shai : BNF
[13:36] Narendra : for me if nifty breaks 8447 before 8470 then it can be shorting oppurtunity
[13:37] Janak : this mkt aint going down nowhere today
[13:37] Janak : godowns of dehradoon are full of buy orders
[13:38] Sharad : I have kept S/L order to short NF at 8455
[13:38] Sharad : BNF is doing natak to go above 17788… Shai number
[13:39] Sharad : i think after 2 pm we should fall
[13:39] Sharad : weak stocks started going down… DLf , Ranbaxy
[13:40] Sharad : NF delta -3205
[13:40] Sharad : -325
[13:40] Sharad : gone…..
[13:41] Sharad : NF sold @ 8454
[13:41] Sharad : BNF ko ye natak mehnga padega
[13:41] Sharad : wow see fall
[13:42] Sharad : delta is always advance indication for today or after one what is going to happen
[13:42] Sharad : one day
[13:45] Janak : 725 a support today shai?
[13:48] Shai : 710 supp
[13:48] Anay : VWAP band not expanding
[13:49] Shai : hotting the anomaly and rising will be good
[13:50] Shai : sl of 8408
[13:52] Shai : excellent – (13:39) Sharad :i think after 2 pm we should fall
[13:52] Shai : 8432
[13:53] Janak : fall over?
[13:53] Janak : back to 800 now?
[13:53] Shai : rise to vwap in NF
[13:54] Shai : BNF supp 17670
[13:55] Janak : hypo2 worked but only after 4th time bn went below 735 🙁
[13:56] Janak : 735-685
[13:56] Shai : give BN some space Janak- it is a free bird 🙂
[13:56] Janak : so am i…..it shd respect me also ;
[13:58] Janak : its a bird….its a plane? :-)727 from 685 in 2 min
[14:00] Shai : you fleece every point out of BNF – so I wonder what it thinks of u?
[14:00] Janak : 🙂
[14:00] r m : Exploiter 🙂
[14:00] Janak : 780 on shai?
[14:01] Shai : those 3 attempst ended at 724.9, 724.9 and 735.9
[14:01] Shai : No vwap
[14:01] Shai : almost done- (13:53) Shai :rise to vwap in NF
[14:01] Shai : typical 3 sd band trade on a quiet day
[14:05] Shai : cchances of a FA if we cross vwap
[14:05] Shai : already a neutral day
[14:06] Janak : no more 790 today shai?
[14:08] Shai : has to cross pdh no?
[14:08] Janak : no more crossing of pdh today? 😉
[14:08] Shai : 🙂
[14:08] Shai : done
[14:08] Janak : now give me 780
[14:11] Shai : 710 sl
[14:11] Sharad : Janak very tough to go above 17747 as Nf delta still -288 ..so shorts not covered yet
[14:12] Janak : sharad generally bn is a leader
[14:13] Sharad : that is true…
[14:14] Shai : vwap critical in NF
[14:15] Shai : can take out that 8469 if crossed
[14:15] Narendra : shai view on idfc intra
[14:16] Narendra : got some spike in that stock
[14:16] Chiranthan : sl for nf above vwap?
[14:18] Shai : can do 166 idfc
[14:19] Shai : NF sl of 8442
[14:20] Shai : idfc idfc intra day obj is 162
[14:20] Shai : 166 is tgt on fri- cash prices
[14:23] Porus : Shai, your ST view on L&TFH
[14:25] Rahul G : porus shai does not have data for this
[14:26] Rahul G : esignal has some issues with &
[14:34] Porus : OH yest. Thats fine.
[14:36] Shai : Yes Porus
[14:36] Shai : I’ll send them a mail again to see the progress
[14:37] Shai : to be honest I send the mail 3 years back and haven’t seen any 🙂
[14:37] Shai : 8458
[14:37] Janak : bn delta positive!
[14:39] Anay : above 8470…8492?
[14:41] r m : yep, will have to shed some of the negative delta first
[14:43] Shai : yes
[14:43] Shai : Neutral day setups : last hour can be close at vwap or at one extreme
[14:44] Shai : since the auction (FA) at 8432 was more recent we go higher
[14:44] Shai : so bias is for an up close
[14:44] Shai : BNF 18000 ce is now good
[14:45] Shai : same price as morning
[14:45] Shai : 80-82
[14:45] Shai : reward is at 17954F
[14:47] Mandar : Shai, positional view on auropharma and ultratech pls.
[14:51] Anay : @SHai Tisco view plz
[14:56] Shai : t
[14:57] Shai : auro pos tgt is at 1190- 1216
[14:57] Shai : safe abv 1100 and 1067 which are dips to buy
[14:57] Mandar : ok
[14:57] Shai : 1142 cmp
[14:58] Shai : 1100 is for this week to hold
[14:58] Shai : 1067 more positional nature
[14:58] Mandar : ok
[15:00] Shai : ultra tech weak below 2597 but meeting supp at 2530 now
[15:01] Shai : must cross 2565 this week for long bias
[15:01] Mandar : ok. above 2600 probable tgt/
[15:01] Shai : break of this 2510- 2530 band can mean a drop to 2386 and this area turning into res on long liquidation
[15:02] Mandar : OK
[15:02] Shai : then good for 2633/ 2703 upto 2796
[15:02] Mandar : ok
[15:05] Shai : tatasteel 490 and 499 were short term objectives
[15:05] Shai : good abv 478 now
[15:05] Shai : below 478 ca fall to 469
[15:06] Shai : crss of this current high opens up 8 points of upside by friday
[15:11] Shai : NF looking to close at vwap
[15:18] Shai : exit NF long trade taken at vwap
[15:24] Shai : day type is a 3-1-3again on under avg vlumes
[15:25] Shai : in NF that is
[15:25] Shai : value is established higher but NF needs to trade abv vah tom to avoid a revisit to 8408
[15:26] Porus : Shai, does todays -ve delta give an indication of tomorrow’s market movement?
[15:28] Shai : could
[15:28] Shai : that’s why needs to trade abv vah tom
[15:30] Shai : that 1 is combined delta from Nov 3
[15:30] r m : Thanks and bye folks, have a great evening 🙂
[15:30] Shai : Bye all
[15:31] Shai : Have a nice eve
[15:31] Chiranthan : bye
[15:31] Porus : bye
[15:33] Anay : ok thanks
[15:33] Anay : bye all