General Chat Transcript
Date and Time: April 21, 2015 09:04:40
[08:48] r m : Good Morning folks!
[08:48] r m : http://vtrender.com/levels-and-plan-for-21st-april/
[08:48] r m : http://vtrender.com/premium/orderflow-charts-and-notes-2004/
[08:48] Porus : Good Morning RM and all
[08:48] r m : Hi Porus
[08:48] r m : Nifty APR Future levels Key Reference Area 8434 Hypo1 above 8470➜8508-10➜8560 SL8434 Hypo2 below 8434➜8370➜8348 SL 8471
[08:49] r m : Banknifty APR Future levels KRA 18185 Hypo1 below 18145➜18052➜17955 SL 18310 Hypo2 above 18355➜18410➜18475 SL 18269
[08:56] Shai : GM all
[08:57] Hemant : GM folks
[08:59] Tejpreet : GM All.
[08:59] Hemant : Shai sir, small query, what does MO indicate? Leading or lagging?
[08:59] r m : @Hemant, it is derived from Advance/Decline and indicates broader market overbuy/oversell conditions
[09:01] Hemant : Its the magenta and green line on the NF/BNF charts right?
[09:01] r m : no, it is posted on blog every evening
[09:01] Hemant : Thanks RM
[09:02] r m : MO explained http://tinyurl.com/7dg3f37
[09:02] r m : welcome
[09:03] r m : Results today – HCL Tech, Wipro, Just Dial
[09:03] r m : Results tomorrow- Yes Bank
[09:04] Tejpreet : Hcl results in numbers look below estimates.
[09:07] Hemant : Can we expect 100 pts drop today again?
[09:08] Ashish : GM all
[09:11] Sharad : GM all
[09:12] RK : GM Shai,RM and all
[09:12] r m : Hi RK
[09:13] Tejpreet : Pre-opening Session: HCL Tech 845.10 -8.57%: Sun Pharma 985.25 -5.61%
[09:15] Vishal : Hi GM All
[09:21] Shai : not enough selling at this open like yesterday
[09:21] Shai : seeing more buyers
[09:21] Amit J : banknift y will have more buyer to adjust IT and pharma
[09:21] Shai : BNF at val
[09:21] Shai : 80% rule may not happen but can tgt POC
[09:22] Shai : tvwap at 18326 a fair tgt for this move in BNF
[09:24] Shai : 8427 does not have volume
[09:24] Shai : move is off 8434
[09:28] Shai : NF and BNF both in open drives
[09:28] Shai : vwap – few a sl for these open buyers
[09:28] Shai : 8510 and 18325 are the objectives
[09:32] Tejpreet : Shai view on HCL has given a bounce from lows .
[09:34] Amit J : even view on sun. block almost done
[09:34] Tejpreet : Amit any reason for sun gap down.
[09:35] Amit J : block deal
[09:35] Shai : sun stake sell
[09:35] Amit J : 930
[09:35] Shai : daiichi
[09:35] Amit J : almost done
[09:35] Tejpreet : ok …yeah read that.
[09:36] RK : Maruti targets done
[09:36] RK : @Shai
[09:36] RK : still looks weak
[09:37] Ashish : Shai, apollo hospital levels please
[09:38] Shai : ignre that
[09:38] Ashish : ok..
[09:39] Shai : cross of 877 in hcl tech can mean 912 revisist where seller can appear
[09:39] Shai : Ignore was for that hcltech stmt I made previously- will update apollo in a bit
[09:40] Ashish : oops
[09:40] Tejpreet : Thanks Shai for HCL.
[09:42] Shai : apollo can swing up abv 1284 with sl of 1267 can do 1305/ 1318
[09:43] Shai : NF got sellers again
[09:44] Shai : vwap taken down
[09:44] Shai : could point to a normal day btw 8430- 8510 today
[09:46] RK : Shai DR can go down below 3468?
[09:50] Shai : can do 3424-36 and 3364 if it break below
[09:50] RK : better trail SL can be above 3526 Shai?
[09:51] Shai : yes trail is abv 3540 actually
[09:51] RK : thanks
[09:51] Tejpreet : Amit any news on the street about Infy results …as it results are bad going long on Infy could be nice contra trade.
[09:51] Shai : prudent would be to book a keep a sell below qty open
[09:51] Tejpreet : it means IT sector.
[09:52] Amit J : shai your view on century. next round will start again
[09:53] Amit J : infy should be good but no news yet
[09:53] Tejpreet : Thanks
[10:02] Shai : centrury good abv 674 positiona;
[10:02] Shai : 680 to 733 is one setup with stops below 650 and abv 735 can do 775 with stops below 680
[10:03] Amit J : thks
[10:04] Shai : all morning buyers kncoked off
[10:07] Hemant : Shai sir, where could the drop end?
[10:07] Hemant : on Nifty spot
[10:11] Shai : seeing supp at 8320 and 8270
[10:12] Hemant : 🙂 Ty
[10:15] Shai : 8430 again buyers
[10:23] Shai : sellers again from vwap
[10:25] RK : Shai, this comment for NF or DR? (09:51) Shai :prudent would be to book a keep a sell below qty open
[10:26] Shai : for dr
[10:26] Shai : it was
[10:26] Shai : NF now below vpoc 8434 sellers coming in strongly
[10:26] RK : fine..
[10:26] Shai : sl is 8471 on day
[10:29] Shai : 8418 seller could be that 8430 algo giving up
[10:31] Shai : sell NF 8428 sl 8471 tgt 8348 F
[10:34] Amit J : shai lupin below your medium term level
[10:34] Amit J : any view
[10:38] Shai : not that weak yet
[10:39] Shai : maintain 1682 as sl
[10:39] Amit J : ok
[10:39] Varun : @shai can we hve a tpo based profile in the blog
[10:40] Varun : as earlier
[10:40] Varun : easy to read
[10:40] Shai : sure
[10:40] Shai : sone
[10:40] Shai : done
[10:40] Varun : thnks
[10:42] RK : ACC after a sell off on Friday, made inside day yday..today also PDL is held till now..break of 1507 may give good short entry..
[10:45] Varun : cn u refresh one min data to check 130550 is a buyer or seller
[10:46] Varun : thnks
[10:46] Varun : shai to read order flow
[10:46] Shai : opposing timeframe
[10:46] Varun : suppose if we trade now below 8418
[10:47] Shai : 8417 seller / 8430 directly abv buyer
[10:47] Varun : tht big sller, will it be considered weak
[10:47] Varun : if he doesnt cover
[10:47] Shai : My first view on seeing that was that it is the same algo cancleiing out
[10:48] Shai : but no way to know for sure
[10:48] Varun : u mean 150000 sold out
[10:48] Shai : yes
[10:49] Varun : whts more authentic to read
[10:49] Varun : 5 min or 15 min
[10:49] Varun : i feel 15 min
[10:49] Varun : wht u say ?
[10:49] Shai : 15 mins
[10:50] Varun : thnks
[10:50] Shai : exit the NF shorts – not staying below vpoc and IBL
[10:50] Varun : we just need a refresh sometimes
[10:50] Shai : yes
[10:51] Shai : problem is NSE servers are not equipped to handle heavy volumes and distort data
[10:53] Varun : but that changes the enitre context
[10:53] Varun : a change in figures is understanable
[10:53] Varun : but how can a buyer become a seller
[10:55] Ashish : Shai, hindustan unilever levels please..
[10:55] Shai : Varun it’s tick data distortion
[10:55] Shai : NSE does it on uptick/ downtick not price change
[10:57] Shai : hll weak below 913 – can tgt 870/ 860
[10:57] Shai : be back in few mins..
[10:57] Ashish : Thanks
[11:23] Amit J : century moving
[11:49] Shai : possibility of that FA at lows still active- has to take out 8501
[11:59] Ashish : Shai, adanient values please
[12:00] Shai : adani good abv 634 on dips but immediate upside may be capped at 667
[12:01] Ashish : Thanks
[12:02] Shai : reduce BN puts abv 18380 today. Then BN may attempt 18600 and 18780 F again
[12:52] Shai : Big greens in NF
[13:10] Amit J : sun recovered 30 rs
[13:10] Tejpreet : Shai global markets are all green …above which lvl in nifty and BN bulls can be safe positionally.
[13:14] Shai : positional has to cross 8515 and 8560
[13:14] Shai : F
[13:18] Tejpreet : Thanks.
[13:18] Shai : what we have now is a pause for a day or two
[13:19] Shai : could slide sideways
[13:19] Shai : but not crossoing 8560 means one more leg down
[13:19] Hemant : Pause before it resumes downdrift?
[13:20] Shai : yes
[13:21] Hemant : Hmm
[13:21] Hemant : Shai sir, in what range could expiry happen?
[13:22] Shai : little early to decide as we have moved off
[13:22] Shai : still unstable for expiry view
[13:23] Hemant : Just picked up puts, keeping in mind the supply levels
[13:30] Shai : one leg down may come to 8430 and one up back t 8500 by close
[13:31] Vishal : intra?
[13:31] Shai : yes
[13:31] Vishal : achha
[13:32] Varun : these singles from 8484 go till where @shai
[13:32] Shai : 8514/ 8548
[13:32] Varun : gt it
[13:33] Varun : wont be easy to cros today with such a big ib
[13:33] Varun : good would be a bell curve today, inside day tmrw
[13:33] Varun : and then a break out
[13:33] Varun : lets see
[13:34] Shai : perfect
[13:34] Shai : is a 8560- 8420 play
[13:34] Shai : F
[13:35] Shai : expiry looks like will be below 8600 strke
[13:43] Shai : here is that dip to 8440
[13:43] Shai : BNF 18190
[13:45] Tejpreet : This dip to be brought into at 8440
[13:47] Shai : yes sl day low
[13:47] Shai : tgt 8490
[13:48] Tejpreet : Great ..Thanks.
[13:53] Shai : we have an FA at bottom for coming days if day low holds up
[13:53] Shai : today..
[13:54] Shai : text book visist of IBH not done but we came close to 8494 which considering the range of the IB is reasonable
[13:55] Ashish : Shai, Can HCltech re-visit 850 levels today or minimum VWAP level??
[13:58] Shai : hcl tech intra day supp 870
[13:58] Shai : went abv 912 briefly but met with rejection
[13:58] Shai : most probabaly would stay 920- 830 range for a few sessions
[13:58] Ashish : Thanks a lot Shai
[14:00] Shai : welcome 🙂
[14:11] Amit J : surprising 8400writers not interested at all
[14:14] Shai : yes good point
[14:14] Shai : 8500 is growing
[14:14] Shai : 8500 ce
[14:17] Sharad : Shai 8500 put writers are not worried at all…. yesterday and today not shedding even 50,000 qty also …current OI 45,10,000
[14:17] Amit J : but 8500 call writers did it in morning hr and we are at vwap of today. breakout from todays high and they would panic
[14:18] Sharad : i think 8500 Ce addition is some one buying big 8500 CE
[14:18] Sharad : instead of call writing i amen
[14:18] Sharad : mean
[14:19] Shai : ok- that is a possibility too
[14:19] Amit J : most addition was in morning during panic so it must be writers only. but for them to panic we need to cross days high
[14:20] Amit J : why is at the money call IVs more than put
[14:21] Shai : Diifficult for a break when vwap/ dpoc togther
[14:21] Shai : may close around here as profile is balancing
[14:21] Sharad : amit when some one buying IV more as premium more
[14:22] Amit J : yes i know but call IVs higher than put is very rare and that too in panic situation
[14:24] Sharad : locals are in panic… but who ever is buying is informed one..and kept future prices low to add slowly
[14:43] Varun : some tax evasion news on bloomberg
[14:43] Varun : around like 40000 cr s on fii
[14:44] Varun : sorry 40000
[14:58] Shai : Selling is heavy from vwap
[14:58] Tejpreet : looks like fii selling again
[14:58] Shai : FA is gone
[14:58] Shai : yes could be
[15:01] Shai : BNF can drop to 17990 sl 18210
[15:03] Ashish : Shai, thanks for HUL, covered short positions…
[15:03] Amit J : again trending shai with days low close?
[15:03] Shai : No not trending
[15:03] Shai : but longs closing from intra
[15:04] Shai : New sellers from vwap
[15:06] Shai : really big volume sellers coming again NF
[15:06] Hemant : Shai sir, the supply is at same levels as you mentioned?
[15:06] Shai : just like 8560 the other day
[15:06] Shai : yes vwap 8556
[15:07] Porus : long red bar still to come?:-)
[15:11] Varun : seems mrkt in mood to go -80 +80 – 80 at mo 😉
[15:12] Varun : breaks fail type 😉
[15:12] Varun : option buyers delite
[15:13] Hemant : 🙂
[15:15] Hemant : Shai sir, where is the supply on spot?
[15:16] Shai : 8404 and 8473 spot into next week major supply
[15:16] Shai : bounces to 8473 spot could be sold
[15:16] Varun : hve we done ur weekly objective or still a few short @shai
[15:18] Shai : not yet
[15:18] Porus : shai, bnf bounce expected upto?
[15:18] Shai : 8340 vpoc final on spot
[15:19] Varun : we did 8352
[15:19] Shai : Porus 18225 big seller
[15:19] Shai : yes
[15:19] Shai : new supply came at 8460 F
[15:20] Varun : thr ws a news also
[15:20] Varun : at 8440f
[15:20] Shai : ok
[15:20] Shai : sell volume very high from 8460F
[15:25] Tejpreet : Another day with big volumes in nifty.
[15:26] Shai : yes 145 L plus
[15:28] Amit J : 225 sellers gone
[15:29] Shai : response is decent
[15:29] Shai : one more trip and similar rise tom can give a short term bottom
[15:30] Shai : mkts would hunt longs below that 8350 spot low before going up if they have to
[15:30] RK : thanks and bye all
[15:30] Varun : whts 200 dma shai
[15:30] r m : Thanks and bye folks, have a great evening 🙂
[15:30] Shai : Never checked Varun
[15:30] Varun : k
[15:30] Shai : Bye all
[15:30] Varun : bye
[15:30] Hemant : Shai sir, should pick up puts tomorrow ?
[15:30] Ashish : Bye all
[15:30] Shai : Have a nice evening
[15:30] Vishal : bbye all
[15:30] Vishal : bbye all
[15:31] Shai : No hemant
[15:31] Shai : Risk of a rise is there very close to imbalance tgt of 8340/ 8320 spot
[15:31] Hemant : Ok sir.
[15:31] Hemant : I’ve scaled down my position
[15:32] Hemant : Hopefully I will get a chance tomorrow to get the bears fade
[15:32] Shai : ok
[15:32] Hemant : Great! See you tomorrow sir
[15:32] Hemant : 🙂
[15:33] Porus : bye all