General Chat Transcript
Date and Time: September 19, 2014 09:29:15
[09:00] r m : Good Morning folks!
[09:01] r m : http://vtrender.com/levels-and-plan-for-19th-sept/
[09:04] Shai : GM all
[09:06] Kathir : Good morning shai RM and all friends
[09:07] Shai : Looks like a consolidation friday morning
[09:07] Shai : also typical of friday morning these days to be slow irrespcetive of what happens on thurs
[09:08] r m : Hi Kathir
[09:09] Shai : Yesterday’s profiles in NF and BNF were trend days but had good structure with no anomalies
[09:11] Sumit : gm Shai, rm, Kathir
[09:11] Sharad : GM all
[09:12] Kathir : hi sumit sharad
[09:12] Kathir : @shai usd/inr below 60.90..will it take big support near 60.70?
[09:13] Sharad : Shai can we adjust screen size of NF and BNF to see both at a time without scrolling
[09:14] Shai : Sharad Omnovia has suggested some changes – we will try to implement over the weekend
[09:14] Sharad : Hi Kathir
[09:14] Shai : Hopefully Mon should be better
[09:14] Sharad : ok good
[09:15] Sumit : bnf low 16101.50
[09:16] r m : Hi Sumit
[09:16] Kathir : I placed a buy order at 16150 did not trade 🙁
[09:17] r m : @Kathir, lowest tick which registered on capture software is at 16198
[09:18] Kathir : ok ge
[09:25] r m : on ODIN first tick 16101.50 volume 200, second tick is at 16225
[09:26] Sumit : thanks rm
[09:26] Sumit : so a lower buy wouldn’t have triggered anyway
[09:27] r m : yes, it was only for show “haathi ke daant” 🙂
[09:27] Sumit : 🙂
[09:27] Kathir : 🙂
[09:27] r m : @Kathir, you understand that Hindi saying? 🙂
[09:28] Sharad : This open price is for retail… they will think today that this 16100 will come and they will start shorting
[09:30] Kathir : no but in understand i have to smile for that 🙂
[09:30] r m : lo
[09:30] r m : lol
[09:30] Kathir : @sharad ok now i understood
[09:31] r m : elephant has two set of teeth, tusks for show and real one inside for chewing 🙂
[09:31] Kathir : ok 🙂
[09:31] r m : that is the hindi proverb
[09:34] Kathir : bnf nelow vwap with pink
[09:34] Kathir : below
[09:35] r m : @Sharad, retail began shorting yesterday itself, Client category (includes all except brokers, FII, DII) shorted 28K contracts yesterday itself!
[09:35] r m : http://screencast.com/t/6HD5H8eTr
[09:37] Sharad : yes very true… RM can we see this daily morning or any link of this
[09:37] r m : yes, these are updated in the evening after release of data from NSE
[09:38] Sharad : where?
[09:38] Sumit : Kathir,16150 here for you to buy
[09:38] r m : @Sharad, all google spreadsheets, will give links here too, generally any significant change is posted in vtrender blog
[09:39] r m : @Sumit, bnf pink has generated 40 points so far
[09:39] Sharad : RM can you give link of that spreadsheet… i will save it
[09:39] r m : sure Sharad
[09:39] Sharad : Thanks
[09:40] Sumit : yes
[09:40] Sumit : rm, you will get used to it 🙂
[09:40] Sumit : remember ‘W’ formation
[09:40] r m : 🙂
[09:41] r m : @Sharad, there are three main analysis sheets – http://tinyurl.com/OIAnalysis
[09:41] Manik : gm shai , rm ,kathir
[09:41] Kathir : hi manik
[09:41] r m : Hi Manik
[09:42] Sumit : 16101 came within 15 points
[09:42] r m : http://tinyurl.com/CurrentMonthOI
[09:44] r m : http://tinyurl.com/NSEOI
[09:45] Shai : Thanks RM
[09:45] r m : welcome 🙂
[09:45] Shai : I’ve saved all the links in the docs folder on the right for easy ref
[09:46] Shai : Definitely more 2 time frame today
[09:46] Shai : yesterday was a 1 was drive with the least amount of pull back seen for a trend day
[09:47] Shai : that was about 14 points in NF and 64 in BNF
[09:47] Shai : yesterday’s vwap is crucial now to hold for the buyers
[09:48] Shai : 8092/ 16079
[09:48] Shai : BNF has to cross 16150 quickly here
[09:49] Shai : 16230 turning out to be a bigger res than initially thought
[09:49] Sharad : BNF to listen master quickely….
[09:54] Kathir : my openion is NF will obey shai than bnf when the market trades near or at new highs
[09:56] r m : OI = Obedience Index 😀
[09:56] Kathir : 🙂
[09:57] r m : blue is increasing in BNF, maybe a touch of vwap?
[09:58] Anay : @Shai query abt VWAP…it has to hold strictly or market can trade below it for some time n come back up again for our long view to hold?
[09:59] Sharad : RM this daily categorywise open interest is in which sheet and which tab…. tough to find
[09:59] r m : yeah, complex stuff 🙂
[10:00] r m : that is in OI Analysis sheet, FII OI Change an Client OI Change should be the tabs
[10:02] Sharad : still the same you posted can not see
[10:03] Sharad : so i think you must be clubing figures from different tabs
[10:03] r m : that one is from NSEOI
[10:04] r m : We have created databases and fetch data from those to analysis sheets, since google does not charge anything so we have squatted on half their storage space 😀
[10:04] Sharad : ok got it OISHIFT tab
[10:05] Sharad : very ice work…..
[10:05] Sharad : nice
[10:05] r m : Thanks, all Shai’s ideas, only execution is mine 🙂
[10:06] Kathir : so thanks both
[10:06] r m : 🙂
[10:06] Sharad : yes Thanks both
[10:06] r m : but they have been there for more than one year open to all with links in vtrender.com
[10:07] Sharad : not checked site …thoroughly
[10:07] r m : ok
[10:07] Sharad : green BNF should go above vwap to go long
[10:08] r m : there is a small writeup about the categorywise OI analysis here – http://vtrender.com/fii-positions-in-futures-options-3/
[10:09] r m : the spreadsheet links in that post have gone topsy turvy when we shifted to wordpress platform 🙂
[10:12] r m : this is the original link to that post – http://vtrender.com/participant-data/
[10:13] r m : looks like vwap rejected bnf advance
[10:17] Shai : @ Anay vwap is just market average and not an absolute number
[10:18] Shai : so if the market has 2 time frame which are equal it will go both sides of it
[10:18] Anay : yup…I know…
[10:18] Anay : ok
[10:18] Shai : when 1 is stronger than the other that it stays abv like yesterday or below like tuesday
[10:18] Anay : rt
[10:19] Shai : In bnf that 16101 is only 1 tick 🙂
[10:19] r m : S&P future breaking over all time high – http://screencast.com/t/pJnOCNkyQW
[10:19] Kathir : @shai usd/inr low 60.81 any updates in supp res today
[10:20] Shai : yes that is headed for 2033 now- cash spx
[10:21] Shai : Kathir I was not ready for the break below 61 today- but all rises to 61.10 are sells for 60.71-60.66 tgt
[10:22] Shai : looks like Kathir is generating all the volumes in usdinr 🙂
[10:22] r m : yeah
[10:22] Kathir : ok thanks 🙂
[10:22] r m : He will attract all forex brokerages to India 🙂
[10:22] Kathir : lol
[10:22] Manik : oh yes!! myself assisting in placing orders
[10:22] Shai : and get a phone call from rajan soon 🙂
[10:22] r m : lol
[10:22] Manik : LOL
[10:23] Kathir : yeah he will call me to repay the bank loans soon
[10:23] r m : 😀
[10:24] Shai : today’s NF orderflow between 8110- 8140 better than yesterday
[10:24] r m : tell him that you got zero interest loans from swiss central bank 🙂
[10:24] Shai : Only problem was the patch between 8075- 8104 now
[10:24] Shai : Even BNF is good and suggestive of a rise in the afternoon
[10:25] Kathir : @rm if i tell that to him he will inform cbi fbi and all other i’s to visit me
[10:26] r m : lol
[10:26] r m : no issues, just take an appointment with dir cbi, now a days he is not keeping the visitor’s register 🙂
[10:26] Manik : lol
[10:26] Kathir : lol
[10:27] Kathir : @rm if unable to manage then i will tell Shai is my master and guru
[10:27] r m : lol
[10:28] Kathir : and i will have a free trip to pune
[10:29] r m : 🙂
[10:34] Kathir : 8154 nf re level hypo 1
[10:36] Sharad : buy BNF above vwap , DPOC and green ?
[10:37] Shai : yes
[10:37] Kathir : hypo 1 says buy above 54 for 204
[10:37] Kathir : ok
[10:37] Sharad : ok
[10:37] Kathir : oh sorry it is NF
[10:39] Sharad : 8152 NF
[10:40] Kathir : IT index 200 +
[10:46] r m : bn beyond dvah
[10:46] Sharad : 8154 done
[10:47] Kathir : @shai if new buy above 8154 what SL?
[10:48] Shai : sl will be vwap
[10:48] Kathir : ok thanks
[10:51] Sumit : rm, hom many points this green 🙂
[10:51] Sumit : *how
[10:53] r m : 16160 was the signal but that time bnf was below vwap
[10:54] Sumit : i think 40 this time also, upto high
[10:54] Sharad : 16170 above vwap i bot
[10:54] r m : has given 40 above vwap
[10:54] Sharad : when Sai said yes
[11:00] Shai : Nf probing previous supply 8149-8158
[11:00] Shai : will be atime battle today
[11:00] Sharad : 8164
[11:00] Shai : Buyers will keep it up above 8140 and force the seller to cover
[11:00] Shai : cross of 16230 key in BNF
[11:01] Chiranthan : Any trade in NF available?
[11:01] Sumit : premium in both gone down
[11:01] Shai : shorts covering
[11:01] Narendra : reliance infy taking nifty
[11:02] Shai : Chiranthan keep a buy order near 8152- 8155 with sl below 8138
[11:02] Shai : go with 50% of your normal qty
[11:02] Chiranthan : ok
[11:02] Shai : tgt is 8185/ 8204 by close
[11:09] Shai : sellers are assertive here
[11:10] Shai : looks more and more like a time battle
[11:10] Shai : 8100 strike is key into expiry
[11:11] Shai : 105 now
[11:11] Shai : they will not move out till thurs
[11:12] Shai : I remember that strike being about 144 last friday
[11:13] Shai : 8161 is a big selelr
[11:16] Shai : exit longs beliow 8147
[11:16] Shai : sellers getting agressive again
[11:40] Kathir : @shai what is the supp for BHEL spot and appollotyre spot?
[11:43] Kathir : bnf below 16090
[11:43] Narendra : bnf touched yesterdays vwap
[11:44] Shai : Bhel supp 224.1 and 222.34
[11:45] Shai : apolllo not a good long below 207.2
[11:45] Kathir : ok shai thanks
[11:45] Shai : can fall to 198
[11:45] Kathir : ok
[11:46] Kathir : algo @ lows bnf buy or selle
[11:46] Shai : Buyers trying to return back in NF
[11:46] Shai : big fall by that 8161 seller
[12:08] Shai : That seller at 8161 will be difficult to cross from here I think
[12:08] Shai : but stage may be set for a close near 8140 again this week
[12:09] Shai : twice buyers have responded from below 8117
[12:16] Shai : Here is a cross vol by price profile of today’s auction in numbers-http://screencast.com/t/wBllJNibI1BB
[12:16] Shai : that same seller we noted at 11.10
[12:17] Shai : If that seller stays at close I think it will be big res for the rest of the series also
[12:19] Amit J : shai any view on sun pharma for shorting
[12:27] Shai : Sun pahram not a short here
[12:28] Shai : 850- 830 was the seller of last week
[12:28] Shai : this could still go to 837
[12:28] Shai : short works below 814
[12:30] Amit J : thanks
[12:38] Shai : 8150 ce and 8150 pe look remarkable safe at 90/-
[12:44] Manik : @ shai levels for reliance ,please
[12:48] Shai : long?
[12:50] Manik : ss
[12:50] Shai : reliance res 1009- 1012 for longs
[12:50] Manik : ok thanks
[12:50] Shai : cross over of 1012 can bring 1021- 1032
[12:51] Manik : ok
[12:56] Narendra : adjust nifty chart
[13:06] Shai : price has stalled
[13:13] Shai : sellers coming back again in BNF
[13:19] Shai : 16090 Is a buyer algo in BNF from 11.40
[13:20] Sumit : dpoc shifted in bnf
[13:39] Shai : sellers are getting stronger around 8140
[13:40] Shai : premium is down to 4
[14:02] Shai : BN and Cnxit negotiating on who will close where
[14:02] r m : looks like BN lost the toss!
[14:04] Shai : 11358 max upside in cnxit from here
[14:04] Shai : so if not today then BN takes over next week
[14:06] r m : ok
[14:06] Anay : @Shai 80% rule in play on NF?
[14:07] Shai : Yesterday was a trend day so 80% does not apply
[14:08] Anay : ok
[14:08] Shai : logic of 80% works better if you use it on days which created value like today
[14:09] Shai : yesterday there was no value creating just one time frame in control
[14:09] Anay : rt
[14:11] Amit J : shai sun below 810, short makes sense.
[14:12] Shai : you are looking to shoprt pharma as strategy?
[14:13] Narendra : news flashing in sun
[14:13] Amit J : no only sun
[14:13] Amit J : time for sunset
[14:14] r m : 🙂
[14:15] Shai : yes now looks on track for 785
[14:16] Shai : price stopped at 825
[14:16] Shai : 830- 850 is a big seller from last week
[14:16] Shai : so I gues all upside till there will be sold into now
[14:17] Shai : first probe this week has backed off
[14:17] Shai : 742 can also come in stcok if 785 breaks on volumes
[14:18] Shai : Meanwhile NF has decided to go on the weekend already
[14:18] Shai : Hypo1 was a closing between 8140- 8155F
[14:19] Shai : last week’s close was also here
[14:20] r m : are charts refreshing?
[14:20] Narendra : no
[14:20] r m : ok
[14:24] Shai : ?
[14:24] r m : ok now
[14:25] Narendra : its late
[14:26] r m : yes
[14:26] Shai : ok now?
[14:26] Narendra : yes
[14:27] Shai : esignal did not realise that the market had started to move again
[14:27] r m : 🙂
[14:27] Kathir : they were also tired of yestdays run
[14:28] Shai : cnxit backing off a bit will be hope for the BNF bull
[14:30] Shai : in BNf except for that 11- 11.45 sell off – it looks like new longs were built today
[15:09] Kathir : 8150 pair 83 now
[15:10] Shai : was 90 at noon
[15:10] Anay : SBIN cracks
[15:10] Kathir : yes
[15:11] Narendra : shai jindal shorted today
[15:11] Shai : ok
[15:11] Narendra : waht is the support level
[15:13] Shai : which jindal? a
[15:13] Narendra : jindalstel fut cmp 211
[15:15] Shai : supp 207.9 and below is 201.8
[15:15] Shai : good move today
[15:16] Narendra : should i trail or book according to u
[15:16] Shai : book
[15:16] Shai : may come back a bit on mon
[15:19] Kathir : hdfc 1065 🙂
[15:21] Shai : vix at 11.91
[15:21] Shai : that will be the day when we see vix in single digits
[15:21] Anay : ITC closing strong
[15:21] r m : yes, options were withering thru the day 🙂
[15:22] r m : that day everyone including NSE servers will be snoring 🙂
[15:23] Shai : 🙂
[15:24] Shai : Option writers will son be taught that vega is always negligible- ignore
[15:24] Shai : *soon
[15:24] Shai : some selling coming into the close
[15:25] Shai : more like longs of yesterday coming off
[15:25] Shai : 8161 remians
[15:25] Shai : will be resistance for expiry week now
[15:25] Shai : looks settled between 8070- 8160 so far
[15:25] Shai : F prices
[15:26] Shai : that 1 trip to 8075- 8085 is still pending and I think we get there Mon
[15:27] Kathir : volumes today not good?
[15:27] Kathir : nf bnf
[15:28] Shai : yes almost half of yesterday
[15:29] Kathir : ok
[15:30] Shai : ITR longs brough the index down a bit by covering
[15:30] r m : Thans and bye folks, have a great weekend 🙂
[15:30] Sumit : good bye everyone
[15:30] Shai : Have a nice weekend all
[15:30] Shai : Bye
[15:30] Anay : bye all
[15:30] Kathir : @thanks and bye all …have a nice weekend 🙂