OrderFlow charts and Notes 21/07/15

[08:49]   Manoj : GM all
[08:49]   Manoj : RM ???
[08:51]   r m : Good Morning folks!
[08:51]   Manoj : GM rm
[08:51]   Porus : GM RM and all
[08:52]   r m : Hi Manoj, you have beaten me to the start line 🙂
[08:52]   r m : Hi Porus
[08:52]   Manoj : ha ha ha rm
[08:52]   r m : http://vtrender.com/levels-and-plan-for-21st-july-2/
[08:52]   Manoj : actually many times
[08:52]   r m : yes, but you can post only once the room is opened 🙂
[08:53]   r m : http://vtrender.com/orderflow-charts-and-notes-200715/
[08:53]   Manoj : yes
[08:53]   r m : http://vtrender.com/option-values-dt-200715/
[08:54]   r m : Nifty JUL Future levels | Key reference level 8650 | Hypo1 above 8650➜8692➜8718 SL 8613 | Hypo2 below 8601➜8577➜8560 SL 8655
[08:54]   r m : Banknifty JUL Future levels | KRA 19220 | Hypo1 above 19220➜19280➜19335 SL 19160 | Hypo2 below 18983➜18874 SL 19105
[08:56]   Sandesh : Good morning all… 1st day
[08:56]   r m : GM Sandesh, welcome to the room
[08:57]   Sandesh : Thanks…
[08:57]   Sharad : GM all
[08:59]   John : GM all
[08:59]   Augustin : GM all
[09:01]   r m : Results today – Infy, HDFC Bank, HUL, Asianpaint, Cairn, Eicher Motors, Century Ply, SKF India, Bayer, Idea
[09:01]   Shailesh : GM all
[09:02]   r m : Results tomorrow – Bajaj Finserv, Bajaj Finance
[09:03]   Srini A : GM All
[09:03]   Hemant : GM folks
[09:03]   r m : Infosys Power play from Shai’s views yesterday 🙂
[09:03]   Naveen : V Gm
[09:03]   r m : “(15:09) Shai :infy big directional play abv 1025 or below 975(15:10) Shai :possibilities are 1071 to 886 based on vol profile with thos e2 points as trigger”
[09:04]   Tejpreet : GM All.
[09:04]   Shai : GM all
[09:04]   Manoj : thanks rm
[09:04]   Manoj : for infy update
[09:04]   Moses : GM All
[09:05]   r m : welcome
[09:05]   Manoj : infy result is now live in tv
[09:06]   Ashish : Gm all
[09:06]   Sandeep : gm all
[09:06]   Tejpreet : Numbers look positive …..how mkt reacts is ????
[09:07]   Rahul B : Hi gm all
[09:08]   Srini A : 4.5% growth
[09:08]   Srini A : Very good results
[09:08]   Manoj : good numbers of infy
[09:08]   r m : open at 1035 higher then Shai’s breakout point at 1025
[09:09]   Sankar : GM Shai, RM and everyone 🙂
[09:09]   Srini A : Counter action will come from Sun for Nifty?
[09:09]   r m : Hi Sankar
[09:10]   Hemant : HUL can spoil the party ?
[09:10]   Sudhakar : GM RM,Shai &all frnds
[09:10]   Hemant : 8700 first please 🙂
[09:10]   Venkatesan : gm shai,rm,kris and frends
[09:11]   r m : Hi Venkatesan
[09:11]   Sankar : Yeah. lets touch 8700 once, then where it is is fine with me 😀
[09:11]   r m : Hi Sudhakar
[09:11]   Vikkas C : GM all
[09:12]   r m : Sunpharma is down 10% in pre-open to create space for Infy 🙂
[09:13]   Vikkas C : looks like latha is long in INFY
[09:13]   Vikkas C : lol
[09:15]   r m : It is already at Shai’s target for long!!
[09:15]   Vikkas C : infact abv it
[09:16]   r m : yes, my chat is delayed 🙂
[09:17]   Sharad : infy 1070 now what ?
[09:17]   Srini A : Sun is down 15%
[09:17]   Tejpreet : Infy no seller in 1050 call ?
[09:20]   Shai : sellers coming near kra NF
[09:20]   Shai : we will buy if we cross above
[09:20]   Sankar : Yup. KRA has gone on top side after sterday 🙁
[09:24]   r m : back to yvwp in no time
[09:25]   Shai : vol is higher at 8640
[09:25]   Hemant : Got to redo all the all that hardwork here
[09:25]   Shai : but a response from lows
[09:28]   Tejpreet : today RKSV down …cannot place order on their nest platform.
[09:28]   Tejpreet : Anyone using RKSV.
[09:29]   Sandesh : Yes not able to place orders 🙁
[09:29]   Venkatesan : shai sterday profile posted at you site and here in this room are bit different? in P TPO?
[09:30]   Tejpreet : Totally F….up ….infy gave a nice dip to 1058 now back to 73 but can”t buy.
[09:33]   Manthan : isold at 80 and covered at 61
[09:33]   Manthan : 🙂
[09:33]   r m : Good trade Manthan!
[09:34]   r m : i guess the trade may not have lasted more than 2-3 minutes?
[09:34]   Manoj : good trade manthan
[09:34]   Suyash : i put a market buy order in infy fut. It showed open pending and finally got executed at 1070
[09:34]   Manthan : 3.5 mins only
[09:34]   Manthan : thanks
[09:34]   Suyash : thankfully it went even higher from there to give me an exit
[09:34]   r m : ok, you got fast fingers man 🙂
[09:35]   Manthan : 🙂
[09:35]   Suyash : manthan you have guts. I would never be able to short infy. Just like I wasn’t able to buy sunpharma after the 15% downtick
[09:36]   Suyash : sun is 40rs off the low
[09:36]   RK : GM Shai,RM and all
[09:36]   r m : Hi RK
[09:38]   Hemant : Any Nifty trade here ?
[09:39]   Sankar : In the option data shared every day, why is 8600/8700 Calls shown as red?
[09:39]   Sankar : their value area has increased actually..
[09:40]   Shai : Buy NF above 8621 with sl of 8599 for 8642. Buy abv
[09:41]   Shai : Sankar ignore the colors in that sheet
[09:41]   Shai : NF sellers at open and buyers at lows
[09:42]   Shai : looking for that HVN at 8641 to be tested once
[09:43]   Manoj : kept trigger @ 8625
[09:43]   Shai : BNF had up/down vols yesterday and did not see a good intra trigger in this range for a plannned move
[09:44]   Shai : we will see if orderflow guides us into a trade in BNF today- but in all probability should stay 19200- 18900
[09:53]   Shai : 8641
[09:53]   Manoj : just missed i kept @41.15
[09:54]   Hemant : 🙂
[09:55]   RK : Manoj my 2 cents..always keep orders less than round no for sell and above round no for buy 🙂
[09:55]   Shai : 5 mins more in this candle
[09:55]   Rahul B : could not sold still holding long in nifty
[09:55]   Shai : if vols cross 6L we could get a break abv 8650 else range bound
[09:55]   Venkatesan : :))) @rk
[09:55]   Shai : Reduce hald qty near 8635 bring sl to 8619 on bal
[09:57]   Shai : very good advice – (09:55) RK :Manoj my 2 cents..always keep orders less than round no for sell and above round no for buy 🙂
[09:58]   Shai : Most newbie traders trade near a whole number- try to avoid that crowd
[09:58]   RK : Shai many 10 paisa experience from stocks 🙂
[09:58]   r m : 🙂
[09:58]   Shai : am sure – has happened with me as well
[09:59]   Hemant : Should try market orders for 0.09s and 0.33s 🙂
[09:59]   r m : @Shai, how do you arrive at supp and resistance for option individual strikes?
[10:00]   Shai : @RM I have marketProfile now for Nifty options 🙂
[10:00]   Shai : I mean the TPO
[10:00]   r m : ok
[10:00]   Ashish : 🙂
[10:00]   Sandesh : no movement in BN
[10:01]   r m : Thanks Shai
[10:01]   Shai : I can’t get BankNifty cos of a system issue with TPO charts
[10:01]   Shai : vol came under 6 L
[10:01]   Shai : close out NF longs
[10:01]   r m : @Shai, Truedata is giving bn options too but their data will not run on market delta
[10:02]   Manoj : i exited full @ 37 b4 candle close
[10:02]   Shai : ok RM
[10:03]   Shai : have heard of them- works well with Ninja?
[10:04]   Shai : IB is getting done
[10:04]   RK : Infy power is diffused with sunpharma..Market has its own logic 🙂
[10:04]   Shai : fairly large
[10:04]   r m : yes Shai, Kris has used it and was satisfied though he does not get time in live markets 😀
[10:04]   Shai : ok
[10:05]   Shai : NF seen buyers at 8600 and sellers at 8644 plus
[10:06]   Shai : staying abv vwap the buyer is slightly stronger on day
[10:07]   Abhishek : hi all gm
[10:19]   Sandesh : BN ?
[10:27]   Augustin : @Shai – 8600 CE breakout will be huge above 102?
[10:29]   Shai : Sandesh let BN evolve here- positional play is for 19360 spot, intra day we wil watch
[10:29]   Shai : buyer is interested at 19000
[10:30]   Sandesh : ok Shai thanks
[10:30]   Shai : augustin 107 on 8600 ce to watch for 132/ 157
[10:31]   Augustin : Ok. Tks
[10:50]   Shai : buy BNF 19130 and at 19085 in 2 parts sl of 19030 tgt 19210/ 19280
[10:51]   Shai : we will keep another trigger at vwap and sl below y vwap for the full trade
[10:51]   Shai : as little hesistation is coming near vah
[10:51]   Sankar : ok.
[10:52]   Shai : but can break abv as it is also IBH so don’t want to miss the trade
[11:04]   Varun : whts the vwap
[11:04]   Varun : is it 27 ?
[11:04]   r m : yes
[11:04]   Varun : thanks rm
[11:04]   Vikkas C : 8626
[11:04]   Varun : if we cross 45 now, we could be ready for a small drive
[11:04]   Varun : lets see
[11:05]   Varun : shai has put kra a t 50
[11:05]   Varun : i think
[11:05]   Varun : this could be a dd trendd ay
[11:08]   Ravi : buy full BNF now? or 50%?
[11:09]   RK : Volumes again dried up
[11:26]   Manoj : 2nd buy done in bnf
[11:26]   Kiran : Shai now we look for green signal for BNF or buy at 19085 ?
[11:26]   Kiran : currently it i spink.
[11:31]   Kiran : 9875 RED at BNF bottom. What is the significance ?
[11:33]   Shai : 2nd buy done in BNF- we are in full position now
[11:34]   Rahul B : yes
[11:34]   Shai : 9875 is limit seller
[11:34]   Manoj : yes alllong
[11:34]   Shai : enter 19018 sl in system for full position
[11:35]   Rahul B : shai first sl was 1930 and now changed to 19017
[11:36]   Shai : yes brought it down by 13 ponts
[11:36]   Shai : getting volatile
[11:36]   Suyash : hdfcbank results coming in
[11:36]   Shai : yes
[11:38]   Shai : Profit at Rs. 2700 cr vs Rs. 2233 cr. #Earnings
[11:39]   Suyash : expectation was 2699
[11:39]   Manoj : Stable & inline with 20% profit groth
[11:39]   Suyash : yes inline
[11:40]   Shai : buyers are there in BNf at lows
[11:41]   Shai : have to cross vwap quickly
[11:41]   Manoj : yess
[11:44]   Manoj : sL hit
[11:44]   Rahul B : sl hit
[11:44]   Shai : Stops taken n BNF trade. exit
[11:45]   Varun : bnf almost does a fa
[11:48]   Abhishek : IBL and going up
[11:49]   RK : test
[11:57]   Manoj : fire in bandra kfc but not in bnf
[11:57]   Manoj : in mumbai
[11:58]   Hemant : Parliament session too started
[11:58]   Hemant : Wonder whats cooking there
[11:59]   r m : 44 flames burning on RaGa gas 🙂
[11:59]   Hemant : 😛
[12:00]   Porus : LS adjouned till tom
[12:03]   Porus : RS adjourned twice today.
[12:05]   Ashish : Shai, are you getting some big green ticks in Bannifty at the llows?
[12:05]   Vikkas C : shai all the dips in BNF is finding good buyers
[12:05]   Ashish : banknifty*
[12:06]   Ashish : Hypo 2 is saved as of now in BN
[12:08]   Ashish : I am in with 50% lonfs in BNF
[12:10]   Abhishek : 8600 CE PCR at 0.9 also rising
[12:10]   Varun : ref @abhishek ?
[12:12]   Abhishek : saw this one http://ow.ly/i/bVvjE
[12:12]   Varun : no i mean wht does tht infer
[12:13]   Abhishek : 8600 bullish
[12:14]   RK : Varun PCR above 1 means that strike offers support and bullish
[12:14]   Varun : alrite
[12:14]   Varun : so we r close to determine it as a support
[12:15]   Abhishek : ye
[12:15]   Varun : my reading o order flow , if we break 8610, we can go till 8580 again
[12:15]   Varun : 8610 very crucial now
[12:17]   Hemant : Drive to 8640?
[12:31]   Shai : BNF is in a neutral day setup
[12:31]   Shai : unable to move abv ibh and not staying below ibl
[12:32]   Shai : hope to get a good trade in the afternoon to recover in BNF
[12:32]   Shai : if not today then tomorrow we should get a trending move
[12:33]   Shai : yes buyers ar lows : (12:05) Ashish :Shai, are you getting some big green ticks in Bannifty at the llows?
[12:33]   Ashish : Thanks
[12:59]   Srini A : Day of decent results so far!
[12:59]   Srini A : Asian Paints beat expectations
[13:12]   Varun : shai u tweeted abt iipm to step 2
[13:12]   Varun : whts the ref can u explain a bit here
[13:14]   Porus : bnf breaks val
[13:20]   Santosh : for positional banknifty can i add now
[13:22]   r m : An interesting post from the past on steidlmayer dist. – not a reply to Varun though – He is already holding a Ph.D. 🙂
[13:22]   r m : http://vtrender.blogspot.in/2011/04/steidlmayer-distribution.html
[13:22]   Shai : Santosh add when you see the pink go green
[13:22]   Santosh : ok
[13:23]   Tejpreet : Infy running again to push Nifty.
[13:24]   Varun : it basically means we do a trend day imbalance
[13:24]   Varun : and then balance
[13:24]   John : Thanks rm for the reference 🙂
[13:24]   Varun : and then we do another trend day imbalance
[13:25]   Varun : rite @rma @shai ?
[13:25]   Varun : 8650/8580 is the balance
[13:25]   Varun : trade the breakout
[13:25]   r m : all banks, pharma and cement cos joined hands to stop CE writers from being massacred by Infy 🙂
[13:25]   r m : yes Varun, that is why I said it is not for you 🙂
[13:26]   Varun : lol i didnt read tht part
[13:27]   Varun : was so interested in reading the blog
[13:27]   Varun : i am a learner who learns every day
[13:27]   r m : ok 🙂
[13:27]   Varun : u know i make my notes every day styill
[13:27]   Varun : like a line is added to it
[13:27]   Varun : and its the diff so many times
[13:27]   r m : great
[13:28]   Varun : can any one do a composite of alst 3-4 days
[13:28]   Varun : shai ?
[13:28]   r m : sure
[13:28]   Varun : we will get exact ref points
[13:28]   Shai : Nice of RM to dig that ink up
[13:28]   Shai : Only he can do that 🙂
[13:28]   r m : 🙂
[13:28]   Varun : yup our man
[13:29]   Varun : fr any thing we need middle of mrkts
[13:29]   Shai : Yes basicallay it means imbalance to balance and back t imbalance
[13:29]   Shai : just change the TF
[13:30]   Varun : thts y asked for a composite
[13:30]   Varun : shai god forbid if we break up, it will be like wild
[13:30]   Varun : every damn person wants to short
[13:30]   Varun : it would be rallies in uncharted territory
[13:31]   Sankar : Tx for sharing that.. so you guys are market profile wizards then.. how many years, u all are into market profiles?
[13:31]   Varun : bnf will give us ahint today
[13:31]   Varun : r/e win or fail on downside
[13:32]   Varun : this last leg of rally started with bnf and shld end with bnf
[13:32]   Varun : sankar me into this for last 6 months
[13:32]   Abhishek : now this is all going over head… varun please simplify…
[13:32]   Varun : ask
[13:33]   Shai : devloping compo : http://screencast.com/t/IHrHWnGD5uAj
[13:33]   Sankar : Cool 🙂
[13:33]   Varun : a break abv 8650 can be boiught with just a small stop of 8620
[13:34]   Varun : some more rotation between 8580 and 8630 possible
[13:34]   Varun : to fill the dent
[13:35]   r m : yep
[13:35]   Varun : and tht will eat up all premiums of puts
[13:35]   Varun : which ppl have bought huge
[13:35]   Varun : 8300 aug today broke forst time
[13:35]   r m : maybe even upto 8580 for this week?
[13:35]   Varun : on downside
[13:36]   Varun : ya 8580/8630
[13:36]   r m : to allure more put buyers?
[13:36]   Varun : but abv 8650 we rally strong
[13:36]   r m : ok
[13:37]   Shai : one move pending below 858 to 8620
[13:37]   Shai : that should happen before a breakout
[13:37]   Shai : 8580- 8630*
[13:40]   Hemant : wont get to see green today ? Sluggish stuff
[13:40]   Shai : looking for a long trigger in BNF abv 19011 for vwap and 19120
[13:41]   Sankar : so positionally what can be the SL Shai? below 8560 will be safer?
[13:41]   Varun : we will breakout on friday
[13:41]   Varun : my gf
[13:41]   Varun : min thurday last afternoon spike
[13:41]   Shai : positional sl is 8520 – 30 min close
[13:41]   Varun : happens in clearing week fri-mon
[13:42]   Sankar : ok.
[13:42]   r m : In this series clients have added only 20K long futures vs 224K short future contracts, if they are forced to cover then it could be a nuclear blast 🙂
[13:42]   r m : http://vtrender.com/wp-content/uploads/2015/07/oishift11.png
[13:44]   Varun : 🙂
[13:44]   Varun : and shai 8720 also pending
[13:44]   Augustin : @RM trigger that nuclear bomb please 🙂
[13:44]   Hemant : wont be able to run for cover RM? Is MO suggesting something yet?
[13:45]   r m : @Augustin, Fuse in the hands of FII 🙂
[13:46]   Augustin : LOL
[13:46]   Shai : Hemant RM has diffused that ticking MO 🙂
[13:46]   r m : 😀
[13:46]   Shai : well under 55 since last mon
[13:47]   r m : at 39 yesterday it looked like a dud bomb 🙂
[13:47]   Hemant : Mr RM has done a wonderful job in that case 🙂 Clients should commit harakiri here 🙂
[13:49]   Hemant : Hope it closes well above VWAP today
[13:50]   Hemant : Of all the days, this pink doesnt want to turn green ? C
[13:51]   Augustin : Out of topic – How many here are trading for a living?
[13:51]   Manoj : me
[13:51]   Augustin : Cool.. Great
[13:51]   Augustin : Am preparing myself for that 😉
[13:51]   Tejpreet : Me too full time trader.
[13:52]   Augustin : Cool
[13:53]   Ravi : hows the experience? 🙂 m just a newbie
[13:53]   Ashish : Me too
[13:54]   Hemant : Augustin, i’m somewhere in between in making up my mind.. my committment with trading is a non-monogamous relationship 😛
[13:54]   r m : 🙂
[13:55]   Tejpreet : Ravi most imp is have some other source of income to support ….otherwise your decisions will be clouded by pressure to make money on daily basis.
[13:55]   Ravi : yup, m already in a job.. started trading for some extra money
[13:56]   Ravi : been very lucky in 3 months of my start.. but the more I know.. more difficult its looking
[13:57]   Ravi : ** 3 month
[13:57]   Shai : Buy BNF abv 19011 sl of 18965 tgt 19050/ 19122- trade a smaller size. Buy abv call.
[13:59]   Shai : My 2 bits for traders starting off : you enter this market and take a position on a chess board opposite a grandmaster many times. what are your chances of success if you don’t know the game?
[13:59]   Ravi : nothing 🙂
[13:59]   Shai : educate yourself- gain the knowledge
[13:59]   John : good one shai 🙂
[13:59]   Shai : that will be the only thing which restores parity
[14:00]   Srini A : Well put 🙂
[14:00]   Hemant : Well said Shai
[14:00]   Ravi : thats why I started by taking huge risk to a level where I can sleep now
[14:01]   Ravi : so u r right , knowledge is key factor.. market is ocean
[14:01]   Sankar : 🙂
[14:01]   RK : After my initial years struggle, made one presentation for myself with dos and donts..and still I read that slide whenever I am down..this is the only place where even after 5-10 years, you are tend to slip for a spur of moment 🙂
[14:01]   Ashish : Wee siad Shai
[14:01]   Ashish : Well said shai
[14:02]   Sankar : on the lighter side, Shai, I beleive we are trading with Grandmaster on our side only 😉
[14:02]   Srini A : To me value investing combined with trading minimal position size works
[14:02]   Varun : my one bit tht will nt blow ur account off for sure
[14:02]   Varun : cos it did mine in inital years
[14:02]   Sankar : even we had a webinar from gransmaster last week 🙂
[14:02]   Varun : NEVER CARRY A LOSS POSITION HOME
[14:02]   Varun : NEVER
[14:03]   Srini A : Words of the wisdom Varun
[14:03]   Augustin : Useful 🙂
[14:03]   Shai : yes agree – a hope trade has no place here
[14:03]   Augustin : @Varun – I am in Step 2 now.. Have blown my account already and passed Step 1 😉
[14:04]   Shai : have a plan and a startegy always before you get in
[14:04]   Augustin : when I look back.. i ahve lost whenever I dont make my mind to exit a loss trade
[14:04]   Srini A : Biggest difficulty for me is to leave profits for tomorrow 🙂
[14:05]   Augustin : i was not in the habit of TSL and seen good profits turn into heavy losses 🙂
[14:05]   r m : Yes Srini, it is not emphasized enough, very easy to cut losses – sl does that, but very difficult to let profits run!
[14:05]   Tejpreet : Loss is the biggest culprit ….my trade succes ratio was almost 70% plus …..but winners in rupees and losses in dollars 🙂
[14:06]   Srini A : When I read that message of RM and Sankar about carrying forward 8600 CE, I was really amazed. Thats the trait one should build
[14:06]   Augustin : @Tejpreet – you stole my words 😉
[14:07]   Tejpreet : 🙂
[14:07]   Augustin : trying to change from ‘dollar’ to ‘paisa’
[14:07]   Srini A : True RM Look forward tp develop that while trading here 🙂
[14:09]   r m : so many times it happens on those positional calls of CE or PE by Shai that we book out too early, have seen BNF going 500-1000 point up on positional calls while i booked the CE/PE for a paltry 40-50 points 🙁
[14:10]   Varun : cn u higher bnf profile a bit
[14:11]   Varun : need to see yesterday profile
[14:11]   Tejpreet : Shai as we are looking for breakout …direction not known …buying 8700 call and 8500 put for combo premium around 60 a good punt …vix is also ok.
[14:12]   Shai : tejpreet wait
[14:13]   Shai : is not ready to move out yet
[14:13]   Manthan : 18900 Is a Buy as per Weekly Plan?? @Shai
[14:13]   RK : https://docs.zoho.com/show/present/h4i5yd176ea3462d043faa870cfefc3cdfb13
[14:14]   RK : my rants 🙂
[14:14]   Tejpreet : OK Shai.
[14:16]   Hemant : RK bookmarked for after market, ty
[14:17]   Varun : u wrote it ?
[14:17]   Varun : rm ?
[14:17]   RK : Varun My notes after burning even toes 🙂
[14:18]   Augustin : @RK – True.. Good to ahve as a read before start of every week
[14:18]   Varun : alrite
[14:18]   Varun : will go thru them
[14:19]   John : Good one RK 🙂
[14:20]   Shai : Yes Manthan
[14:20]   Shai : 18840 spot supp closing
[14:21]   Shai : BNF going neutral extreme here
[14:21]   Shai : wants 18875
[14:23]   Kiran : Shai What should be delta for a reversal BNF 15 min. Last 3 delta +ve but BNF falling ?
[14:26]   Porus : RK, awesome!
[14:27]   Vikkas C : SHAI can 19200ce BNF be entered now ?
[14:28]   Srini A : Too many greens in BNF!!!
[14:29]   Vikkas C : yes thats why asked .. 🙂
[14:29]   Shai : buy in 2 parts one here and one at close
[14:29]   Shai : if this is neutral extreme will go down some more
[14:30]   Shai : best buy is near close actually for positional
[14:30]   Vikkas C : ok thanx
[14:30]   Varun : 8630/8580 🙂
[14:30]   Varun : we were at 8625 then
[14:31]   Varun : vwap bands telling we will nt break 8580 today
[14:32]   Varun : r/e bnf wins
[14:32]   Varun : 21b done
[14:32]   Varun : bad sign for bnf
[14:32]   Varun : first success r/e in days
[14:32]   Varun : 2 ib
[14:32]   r m : potholes being repaired 🙂
[14:33]   Varun : yup
[14:33]   Varun : see returning like a good boyu from 85
[14:33]   Porus : varun, r/e?
[14:34]   Varun : range extension
[14:34]   Porus : k
[14:38]   RK : Porus,John thanks..
[14:38]   RK : tried some adventure at yVAL with SL below PDL-5..lets see
[14:38]   Varun : 🙂
[14:39]   RK : 2.30 drips either do or die..so 🙂
[14:39]   Varun : rr is 1:5
[14:39]   Varun : all the best’
[14:39]   RK : same to you 🙂
[14:41]   Venkatesan : yesterday poor low yet to repair
[14:42]   Venkatesan : ?
[14:42]   Hemant : Going to carry on till Shai says not to or 8700 comes
[14:42]   Shai : poor llow not yet repaired
[14:43]   Venkatesan : thank you shai
[14:43]   Shai : could be 8570- 8620 for some time
[14:44]   Hemant : HUL drowned this?
[14:45]   Srini A : CNBC celebrates this 25 point punishment to market due to bad results 🙂
[14:48]   RK : Hypo 2 wants its 2nd tgt 🙂
[14:49]   r m : 🙂
[14:50]   RK : RM has totally punctured MO today 🙂
[14:51]   Manoj : entred long in bnf @ 18825
[14:51]   Manoj : positional
[14:52]   Soumya : What is the mo now?
[14:53]   Shai : BNf can go down some more
[14:53]   Shai : intra
[14:54]   Srini A : @SHai, What should be the stop loss for positional BNF?
[14:54]   Shai : 18760 F
[14:54]   Manoj : ok
[14:54]   Srini A : ok, thanks
[14:55]   r m : MO at 10 on current adv/dec
[14:56]   Soumya : thanks rm
[14:56]   r m : welcome
[14:57]   Soumya : screen needs to be adjusted !!
[14:57]   Suyash : today’s POC hasn’t migrated lower. Is it possible that traders are getting short in the hole?
[14:57]   Suyash : the DPOC that is
[14:59]   Shai : poc does not do much in late afernoon spikes
[14:59]   Shai : 8542 supp
[14:59]   Suyash : ok
[15:00]   Vikkas C : SHAI are these OTF ?
[15:01]   Shai : yes
[15:01]   Tejpreet : Shai buy positional bn 19000 call now or wait.
[15:01]   Shai : wait
[15:01]   Ashish : Shai, so bullish view will close now after this fall?
[15:01]   Shai : buy near 3.15
[15:02]   Tejpreet : Ok
[15:02]   Shai : No Ashish
[15:02]   Ashish : OK
[15:03]   Shai : hold the BNF
[15:04]   Sankar : if day closing below 8530, close the NF positional longs?
[15:06]   Vikkas C : look at the volume in the last 2 candles in 15 mins
[15:08]   Sankar : and look at the green near 8535 area…
[15:08]   Shai : fall should be done
[15:08]   Vikkas C : shud we buy calls
[15:09]   Shai : yes BNF
[15:09]   Vikkas C : ok
[15:09]   Manthan : Bought BN, Axis and IRB, lets see
[15:09]   Tejpreet : 19000 call in at 122
[15:09]   Tejpreet : Shai positional SL for 19000 call.
[15:10]   Shai : it is safe abv 18890 F tom
[15:10]   Shai : close if we go below 18760 tom
[15:10]   Shai : for now let’s hold and let the spike play out
[15:10]   Tejpreet : Great ..thanks.
[15:11]   Shai : we will review tom depending on the open
[15:11]   Shai : both profiles closing near lows in a spike
[15:11]   r m : 3IB in BNF, guess first hour low tomorrow will be important
[15:12]   RK : RM and that day 3IB NF, morning high of 1 hour held I think..
[15:13]   RK : 8653 the small excess yday?
[15:13]   Varun : we have a spike
[15:13]   Varun : if spike lows dnt go
[15:13]   Varun : we rally back to spike highs at 8600
[15:13]   Varun : bt if they go, we get 200 types on down
[15:13]   Varun : seen many times if spike wins
[15:16]   Manoj : Shai i have avg of 19k CE @ 150 holding for positional trade is it ok
[15:16]   Abhishek : if someone is short from 8640 whats should be the call here
[15:16]   Varun : look fr the open tmrw
[15:16]   Shai : 8534 would be aplce to book
[15:16]   Shai : or watch open tom for spike rules to play
[15:16]   r m : @Abhishek – “Chuppa Rustam” 🙂
[15:17]   Abhishek : he he
[15:17]   Abhishek : got it placed to buy @ 8515
[15:17]   Abhishek : now will cover here
[15:17]   Abhishek : overall good day got hit twice in BN
[15:18]   Abhishek : not much loss nifty covered all for the day
[15:22]   Hemant : Shai, good time to add some calls?
[15:25]   Shai : yes
[15:25]   Hemant : great
[15:25]   r m : 16th July trend day single prints fully covered now – http://screencast.com/t/x7DroxdmJ
[15:25]   Hemant : 8700 or 8600 Shai?
[15:25]   RK : weekly support from Shai is 8518 and low is 8517..seriously dont know what he’s smokng 🙂
[15:26]   Shai : 8600 better
[15:26]   Hemant : Not worth guessing RK 🙂
[15:26]   Sankar : 8530 also protected 🙂
[15:26]   Abhishek : got out nifty took
[15:27]   Shai : yes RK was looking at that – but BN punctured today
[15:27]   Shai : held yesterday properly
[15:27]   r m : @RK, could be because he is not smoking 🙂
[15:28]   Ravi : 8700CE exit?
[15:28]   Shai : hold for now
[15:28]   Ravi : ok
[15:28]   Shai : BN has some work to do tomorrow
[15:29]   Vikkas C : shai can u chk the volumes in 8600pe in the last 4 days ..huge volumes
[15:30]   RK : RM 🙂
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shailesh : bye all
[15:30]   RK : thanks and bye all
[15:30]   Manthan : bye bye
[15:30]   Moses : Bye
[15:30]   Manoj : bye all
[15:30]   Tejpreet : Bye all
[15:30]   Sankar : Bye all 🙂
[15:30]   Ashish : Thanks and bye all
[15:30]   Shai : yes 8600 pe vols at 61 and 96 past 5 sessions
[15:30]   John : bye all
[15:31]   Vikkas C : yes
[15:31]   Shai : and some now at 41
[15:31]   Shai : Bye all
[15:31]   Shai : have a nice evening
[15:31]   Hemant : Does that indicate anything here Shai?
[15:31]   Sandeep : bye all
[15:31]   Vikkas C : bye all
[15:31]   Shai : not much yet
[15:31]   Ravi : bye all
[15:31]   Hemant : Great
[15:31]   Shai : could be a long liquidation fall today
[15:31]   Mohul : Bye
[15:31]   Shai : over to RM data in evening to confirm
[15:31]   Porus : bye all
[15:31]   Srini A : Bye All
[15:31]   Hemant : 🙂
[15:32]   Hemant : bye all
[15:32]   Kathir : BYE ALL 🙂
[15:32]   Sandesh : Byee
[15:33]   Porus : MO at 7
[15:36]   Venkatesan : thank you shai,rm ,varun and frends