General Chat Transcript
Date and Time: October 21, 2014 09:17:00
[08:51] Sharad : GM all
[08:58] r m : Good Morning folks!
[08:58] r m : Hi Sharad
[08:58] r m : http://vtrender.com/levels-and-plan-for-21st-oct/
[08:59] r m : http://vtrender.com/premium/orderflow-charts-and-notes-2010/
[09:01] r m : NF Hypo1 Above 7942➜7998➜8056 (stop below 7909) Hypo2 Below 7882➜7857➜7824
[09:01] r m : BNF Hypo1 Above 16355➜16456➜16516 (stop below 16300)Hypo2 Below 16252➜16147➜16027
[09:03] Sharad : Hi RM
[09:08] Porus : GM all
[09:10] Shai : GM all
[09:14] Amit J : Gm
[09:14] Shai : usdinr opened also in yesterday range
[09:14] Sharad : Shai support/Res INR
[09:14] Shai : odds of going to 61.06 are higher below 61.50
[09:14] Sharad : same?
[09:15] Chiranthan : Target for 8000 ce?
[09:15] Shai : 61.74- 61.56- 61.25-61.06
[09:16] Sharad : ok Thanks
[09:16] Shai : Chiranthan 8000 ce view is the same – 7840 sl and add add 7920 for 7981/ 8050
[09:17] Chiranthan : These are spot levels?
[09:17] Shai : yes
[09:17] Chiranthan : ok thanks
[09:17] Shai : looking at a cnxit bounce today
[09:17] Shai : so bnf may be ubder pressure
[09:18] Sharad : Shai i am long INR @ 61.33 stop 61.25
[09:19] Shai : cnxit spot at 10720 sl of 10640 can bring 10830/10990 again
[09:19] Shai : Ok Sharad stop is good
[09:19] Sharad : ok
[09:19] Shai : can hit that pocket at 61.10/61.06 below tht
[09:20] Sharad : will reverse if SL hit
[09:21] Shai : open within value and range
[09:21] Shai : was a normal distribution yesterday
[09:21] Shai : so intra day bias on break of value today
[09:21] Shai : 7926- 7899
[09:21] Shai : 16310- 16246
[09:27] Shai : spotdid 7917
[09:28] Sumit : gm everyone
[09:28] Shai : “Longer time frame supply rests at 7920- 7940 spot. Above these levels a fierce short covering move can come to 7995/ 8040/ 8082. Support placed at 7841 spot now.”- Diwali rally if we break abv
[09:32] Kathir : Good morning Shai RM and all friends
[09:32] r m : Hi Kathir 🙂
[09:33] r m : FII’s filled up both barrels with longs yesterday 🙂
[09:33] r m : http://vtrender.com/wp-content/uploads/2014/10/fiioi_001.png
[09:34] Shai : BNF getting buyers
[09:38] Shai : Both 10 min candles in BNF are big blue
[09:39] Sumit : bnf algo is sell or buy algo?
[09:39] Shai : was looking at charts yesterday and BNF on the 13th hit 16350 after that big expiry selloff and immediately delta was positive on most days thereafter
[09:40] Shai : That algo in BNF took away some limit orders
[09:40] Shai : is mixed now as a result
[09:41] Sumit : ok thanks
[09:41] Shai : so back to BNF ‘cos shorts lightened up it has a smottther run up now
[09:41] r m : Hypo1 is active in BNF
[09:41] Shai : wheras NF is still having a lot of shorts packed inside
[09:41] Shai : *smoother
[09:42] Sumit : 7921 may support now
[09:45] Shai : 7904 is the support to hold all day but has to prove abv vah
[09:46] Kathir : @RM PNB RESULT TODAY?
[09:46] Shai : 16456 up next bnf
[09:46] r m : @Kathir, let me check
[09:46] Kathir : sure ge
[09:47] Amit J : @sharadji, thanks for that msg yesterday
[09:47] r m : Results today – HDFC Bank, PNB Cairn, SKF
[09:47] Shai : Amit, Sharad thanks for the updates from me as well
[09:48] Kathir : @rm thanks
[09:48] Shai : when you are busy looking at your stuff these inputs really help 🙂
[09:48] Kathir : yeah thanks amit and sharad pawar ge
[09:48] r m : Results tomorrow – HDFC, Kotak bank, Wipro, Asian Paints
[09:49] r m : @Kathir, welcome – you taking outside support from Pawar ge 🙂
[09:49] Sharad : welcome all and Amit no one is Sharadji…. just sharad
[09:49] Kathir : yeah 🙂
[09:51] Kathir : bnf delta very good
[09:52] Sumit : likely trend day today?? Diwali rally
[09:52] Shai : possible sumit
[09:53] r m : BNF near first target of Hypo 1 16456
[09:53] Amit J : that action from govt is very imp for sentiments and to prov govt working efficiency.
[09:53] Shai : and that we have a govt we have voted for 🙂
[09:53] r m : 🙂
[09:54] Shai : I thought cnxit would lead the charge but BNF ot willing to hand over baton yet
[09:55] Shai : BN resistance now would be at 16463 spot which is the imbalance measured target of the move away from 16000 spot.
[09:55] Shai : look for delta changes as we approach the levels
[09:57] Amit J : pnb result today. likely to be good
[09:59] Clay : basic question_I only have Bank Nifty Futures on my charting and broker platform_Where can I see Bank nifty spot levls in real time?
[10:00] Kathir : @clay do you trade using NOW?
[10:00] Sumit : all brokers generally have spot price window also
[10:00] Clay : Nest Trader
[10:01] Clay : zerodha
[10:01] r m : @Clay, there is an index value bar in NEST
[10:02] r m : CTRL + I
[10:03] Clay : ok got it thanks rm
[10:03] r m : once that bar opens you can customize it to include your desired indices
[10:03] r m : welcome
[10:03] Kathir : right click inside that and you will have all the options
[10:04] Shai : there are spot prices on the charts here
[10:04] Shai : $bannknifty is spot
[10:04] Shai : $nifty is spot
[10:06] Shai : BNF long holder can still look at 16516
[10:06] Shai : can make new purchased once IB is done
[10:06] Narendra : what would be trailing sl
[10:07] Shai : 16374
[10:07] Shai : 16415 on buy abv IBH
[10:08] Shai : IT stalled
[10:08] Shai : maybe waiting for BNF to do what it has to do
[10:13] Shai : BNF is a trend day structure
[10:14] Shai : Hypo 1 active in NF
[10:16] Kathir : @shai for new longs nf shall we buy above 7940 spot for 8050 trgt and Sl for that same 7840 even if it crosses 7940?
[10:17] Shai : No sl in that cae will be 7899
[10:17] r m : @Kathir, in NF terms hypo1 was long above 7942 with stop below 7909, targets 7998/8050
[10:18] Kathir : ok thanks both
[10:18] r m : 🙂
[10:18] Sumit : bnf already above ibh
[10:19] r m : large sized IB
[10:19] Shai : RM was kind enough to put te hypos in this way on screen here though his bias was only towards longs in both 🙂
[10:19] r m : lol
[10:19] Shai : click on announcements tab and you wll see it as a ready- reckoner
[10:19] Kathir : 🙂
[10:20] r m : today BNF hypo was idea to trade with 16500CE
[10:20] Clay : yes thanks rm-makes it really a ready-reckoner in a fast moving market
[10:21] r m : *ideal
[10:21] r m : welcome
[10:21] Shai : yes BNF is very smooth
[10:21] Shai : NF disappomiting
[10:21] Shai : *disappointing
[10:21] Shai : the best trades are when delta and AMT work together
[10:22] r m : NF has been kind to those who took 8000CE yesterday, that one is up by 33% 🙂
[10:22] Kathir : if you get all the gifts in a single time it wont be fruitfull so nf is waiting
[10:22] r m : lol
[10:23] Clay : What is AMT?
[10:24] Shai : auction market theory
[10:25] Shai : on which we base our hypos
[10:25] Clay : oh ok thanks
[10:25] Shai : 🙂
[10:25] Clay : 🙂
[10:27] Shai : BNF 16410 sl for those into new longs abv IBH
[10:27] Shai : day structure is good and in line for a close at highs
[10:27] Shai : vwap will not get visited
[10:29] Shai : vwap * should * not get visited
[10:36] Shai : 7934 should protect NF on any dip
[10:36] Chiranthan : Can enter fresh longs with 7934 as sl?
[10:36] Shai : can do here 50% and add abv IBH
[10:37] Chiranthan : IBH 7959?
[10:39] Shai : yes
[10:39] Shai : IB is always the grey band
[10:39] Chiranthan : ok
[10:48] Kathir : @RM when will you start squeezing – nf – please inform us
[10:48] r m : 🙂
[10:48] r m : actually it is all Manik’s handiwork, he was buying with both hands while convincing us to go short 🙂
[10:49] Clay : rm your 16500 CE is up by a whopping 67 % ,even from today’s low of 95 CMP 159
[10:50] r m : once he decides to book BNF and shifts attention to NF the squeeze will start 🙂
[10:50] r m : yes Clay, on a trend day options look beautiful 🙂
[10:50] Kathir : thats ok easy for me to follow
[10:51] Clay : Great 🙂
[10:51] Kathir : when bnf crossed 350 it was around 105 only
[10:53] r m : it was about 110-115 at hypo1 entry and stop at 15300 worked out to approx 90-95
[10:53] r m : reasonable risk
[10:56] r m : at that time targets were working out at 156/176, but volatility decrease works against CE, so it reached only 146 at tgt1
[10:56] Kathir : yeah
[10:56] r m : always better with PE, market going down increases volatility on a trend day and PE prices go above estimate 🙂
[10:57] Kathir : 🙂
[11:01] Narendra : WHAT SHOULD BE TRAILING SL IN BNF
[11:01] Narendra : @ shai
[11:01] r m : (10:27) Shai :BNF 16410 sl for those into new longs abv IBH
[11:03] r m : bnf delta at minimum
[11:04] Sumit : may be thats why market is up
[11:04] Sumit : inverse proportional 🙂
[11:05] r m : Achhe din 🙂 – http://tinyurl.com/kqw4cvt
[11:07] Clay : IDFC Securities: Expect a 120% PAT growth for PNB in Q2
[11:07] Clay : https://twitter.com/ETNOWlive
[11:08] Clay : IDFC Securities: Expect HDFC Bank’s Q2 PAT to grow by 22-23%
[11:14] Porus : Detas have reversed – NF +ve, BNF -ve
[11:19] Sharad : NF @ vwap
[11:20] r m : Europe does not seem to be celebrating Diwali – no money left for fireworks?
[11:20] r m : 🙂
[11:20] Sharad : hahaha
[11:28] Shai : BNf longs coming out
[11:28] Sumit : pink for a long time
[11:29] r m : NF knocking at VAH
[11:29] Shai : exit longs intra bnf
[11:30] Shai : can do 16385
[11:32] Shai : NF is oops
[11:33] r m : doing 80%
[11:33] Shai : 7908 ref’
[11:33] Shai : ext sign for shorts ?
[11:34] Shai : dip is being bought just like 7882 yesterday
[11:34] r m : NF delta remaining positive unlike BNF
[11:35] Shai : bank guys are thinking of parking diwali profit elsewhere 🙂
[11:35] r m : NF bounced from Shai-rekha 🙂
[11:35] Sumit : I entered 🙂
[11:36] Shai : No Rekha and all 🙂 Just vwap of normal distribution .lol
[11:36] r m : banknifty rockets ran out of firepower, coming back to earth!
[11:36] r m : 🙂
[11:36] Shai : yesterda vwap was 7908 and sl for the swing up
[11:43] Shai : No selling at the lows
[11:43] Shai : NF still a normal day
[11:43] Shai : but now has the added task of proving abv vah and IBH again
[11:44] Chiranthan : where can I enter NF longs now?
[11:45] Kathir : for longs now sl is 7882 shai?
[11:45] Kathir : nf
[11:46] Shai : Chiranthan safer abv vah for intra
[11:46] Shai : Kathir longs are out at 7934 F
[11:46] Kathir : ok shai
[11:46] Shai : for new longs yes at 7882
[11:46] Chiranthan : 7944?
[11:46] Kathir : 7927
[11:46] Shai : 7927 is VAH
[11:47] Chiranthan : ok
[11:47] r m : NF delta at max and Sumit is long – trying to put 2 & 2 together 🙂
[11:48] Shai : 🙂
[11:48] Sumit : I exited at 2 point loss. will enter at green
[11:48] Shai : First time in many days buyers showing
[11:48] r m : ok Sumit 🙂
[11:53] Shai : buyers at the lows certainly
[11:53] Shai : but vwap needs to cross for them to be safe
[11:54] r m : yeah, some of those buyers checked out at what till then was dval!
[12:01] Shai : diwali rally patience is running out I think for most of them
[12:02] Kathir : everyone is waiting for someone to do something
[12:02] Shai : what’s not helpping the diwali bull is the spx at lows of the day
[12:02] Kathir : oh
[12:03] Kathir : so diwali bull has to wait till christmas then
[12:03] Shai : dax also scheduled to open at the lower end of yesterday’s range
[12:03] Shai : Diwali bull may just be saying GTH- Modi is here !!
[12:04] Shai : once thos epassive buyers come then we will see vwap
[12:05] Kathir : modi has to give gift for bulls this diwali
[12:05] Kathir : yest he tried through coal
[12:06] Kathir : @RM is there any cabinet meeting today also?
[12:08] Shai : If thi delta stays we have 8058 tom
[12:08] Kathir : someone dont want to alow nf above 7923
[12:08] Shai : just the change of hands we wanted to see
[12:08] Kathir : ok shai
[12:09] Shai : maybe 8058 on mahurat but we will get there on this delta
[12:10] r m : @Shai, looking at that negative delta in NF for the last two days, looks like client category was the one causing it, FII’s were net long http://screencast.com/t/hDrylLTK5EK
[12:10] Shai : Yes RM noted that
[12:10] Shai : thanks
[12:10] r m : welcome 🙂
[12:10] Shai : and buyers in cash too- first time in many days
[12:11] r m : @Kathir, Modi will be extremely busy in making policy changes now, I think the market may not be able to keep up with his pace 🙂
[12:13] Kathir : 🙂
[12:14] Clay : bank nifty spot HOD = 16452.85 09:55 Shai : BN resistance now would be at 16463 spot which is the imbalance measured target of the move away from 16000 spot
[12:14] Clay : Great number Shai
[12:19] r m : NF going down near max delta!
[12:21] r m : looks like folks are buying for Diwali, if it keeps going down then Diwala is not far 🙂
[12:21] Kathir : yes ge
[12:21] r m : @Kathir, you understand “Diwala”?
[12:22] Manik : LOL
[12:22] r m : 🙂
[12:23] r m : You guys seem to be better in Hindi then me while I know practically nothing about Tamil
[12:23] Manik : @ rm hit those levels in 2008
[12:23] r m : yeah!
[12:25] Manik : pnb results are bad
[12:25] r m : ok
[12:26] r m : thanks
[12:27] Kathir : @RM diwala means becoming zero right
[12:28] r m : yeah, worse than that “bankruptcy” guess that is negative assets 🙂
[12:28] Kathir : 🙂
[12:31] Kathir : @rm diwal we use the word here frequently
[12:32] r m : ok, must have been imported by Marwadi community – they encounter this situation quite frequently :
[12:32] r m : 🙂
[12:32] Kathir : yeah we buy money from them for business and diwal soon
[12:33] r m : lol
[12:34] Kathir : @shai cnx IT low 10647
[12:34] Kathir : will there be reversal
[12:37] Shai : so far buyers missing in cnxit
[12:37] Shai : 10640 is a nice supp though but buyers staying off
[12:37] Kathir : ok
[12:39] r m : looks like Nifty spot wants to check the weather at 7840 🙂
[12:40] r m : BNF near VAH
[12:41] Shai : yesterday NF was -435 at the same levels
[12:41] Shai : http://vtrender.com/wp-content/uploads/2014/10/NF_vol_at_price_110.png
[12:41] Kathir : what does this suggest shai
[12:41] Shai : yesterday’s shorts using the dip to cover
[12:41] Kathir : ok
[12:56] Shai : Back in IB
[12:56] Shai : IB band trade in NF
[12:59] Shai : long NF for 7935 sl of 7904- cmp 7916
[12:59] Shai : 7935/ 7952
[13:07] r m : looks like Hypo1 reactivated by BNF bulls!
[13:07] r m : Europe green now
[13:08] Shai : yes- Our guys look there and trade here 🙂
[13:08] r m : a majority of them must have developed a wall-eyed stance 😀
[13:11] Kathir : A BIG SELLER THERE AT VWAP
[13:14] r m : above Shai-rekha bulls rule!
[13:19] Shai : tgt 1 – book 50% and sl is now 7921- (12:59) Shai :long NF for 7935 sl of 7904- cmp 7916
[13:24] r m : BNF is becoming boring and repetitive – back to target1 of Hypo1 😀
[13:35] Shai : (12:59) Shai :7935/ 7952
[13:35] Shai : delta still holding up well
[13:35] Shai : chances of a neutral extreme close
[13:36] Shai : suggest holding longs with sl of 7934 which can be trailed up to 7950 if 7960 crosses
[13:43] Shai : BNF well and truly abv last week highs and NF still there
[13:44] Shai : that seller between 7920- 7940 spot is pushing with his full might
[13:45] Shai : trailing stp gone in NF
[13:46] Shai : oly option now for long is to buy the reak abv IBH in NF with a 10 point stop
[13:46] Kathir : @shai only gap up can win then it seems
[13:46] Kathir : them
[13:46] Shai : big 10 min red candle in a moving mkt
[13:47] Shai : Kathir seller is cornered – buyer is at the dips now since 2 days
[13:48] Kathir : ok so one fine day he will start running
[13:48] Shai : has to happen in day session
[13:48] Amit J : Shai thanks for Titan view yesterday. Whats your view now
[13:48] Shai : on a gap up he just may sell more
[13:48] Kathir : ok
[13:48] Kathir : oh
[13:50] Shai : 400 titan can still be done but part booking advised here
[13:50] r m : Modi going to Srinagar for Diwali with flood victims – looks like terrorists ke #achhedin over 🙂
[13:52] Kathir : may be he wants to enjoy diwali with real guns and rockets
[13:52] Kathir : gifted guy
[13:52] r m : lol
[13:52] r m : His health minister is campaigning against fireworks so better to do it with real things 🙂
[13:54] Kathir : 🙂
[13:58] Shai : there is still one long trade left in NF to buy abv IBH
[14:00] Porus : What is the IB today?
[14:01] Porus : in NF
[14:02] r m : 7905-7959
[14:21] Manik : @ rm do we have strength to take out IBH
[14:21] r m : looks possible
[14:22] Kathir : depends on you manik
[14:22] r m : yeah!
[14:22] r m : Manik is taking a consensus before applying full force 🙂
[14:23] Manik : 🙂
[14:23] Kathir : yeah clever guy
[14:23] Manik : cleverness when kathir is sitting beside me
[14:23] Manik : 🙂
[14:24] r m : he wants to catch the contagious disease 😀
[14:24] Narendra : what would be the sl for buy above ibh
[14:25] r m : (13:46) Shai :oly option now for long is to buy the reak abv IBH in NF with a 10 point stop
[14:25] Manik : LOL
[14:26] r m : @Narendra, that makes it 7940NF
[14:26] r m : oops
[14:26] r m : 7950NF
[14:26] Kathir : i.e nly above 7960
[14:27] r m : yes
[14:29] r m : BNF again near minimum delta
[14:29] r m : now Nifty’s only hope is that IT awakens!
[14:33] Manik : @ rm BNF seller @ 16446 , if he gives up things wil be better
[14:34] r m : yes
[14:35] r m : valiant passive buyers (#Diwalihopefulls) are defying him and bringing up the green again and again
[14:37] r m : 2:30 and seller cometh
[14:37] Shai : delta in NF is neutral equidistant frm high and low almost
[14:38] Shai : BNF longs of last week are clearly bookig today
[14:38] Shai : so as RM said cnxit takes over
[14:38] r m : that “Kumbhkaran” is showing no signs of waking up 🙂
[14:39] Manik : 🙂
[14:39] Shai : sbin is cooling off
[14:40] Shai : and icici does not have much room to run up
[14:44] Shai : move abv ibh not coming
[14:45] Shai : normal variation day in NF then with a range extension which did not get new sellers
[14:46] Narendra : shai whats the view on es now
[14:46] Narendra : 1865 to 1905 done
[14:46] Shai : mkt neutral at 1910 +/- few
[14:47] Shai : if resisted then goes down again
[14:47] Shai : cross would lead to short covering till oct end
[14:49] Kathir : infy going doen to kanyakumari how will IT wake up
[14:49] Kathir : down
[14:57] r m : somebody caught it in Nagarcoil 😀
[14:58] Manik : @ rm pls take bnf below vwap 🙂
[14:58] r m : lol
[14:59] r m : now I know your Dwali position 🙂
[14:59] Manik : 🙂
[14:59] Kathir : manik then who will take it below shai rekha red line then
[15:04] r m : infy fell from the bed and thus woke up 🙂
[15:04] Shai : an optimistic bulls says he was busy buying gold etf’s today and not the nifty so that ‘s why no rally
[15:05] r m : he could have bought goldetf after 5pm and given some attention to nifty 🙂
[15:05] Porus : big move in USDINR. INFY should wake up now.
[15:05] Shai : yes that’s what I told him
[15:05] Shai : usdinr has to break past 61.50 or 61.25 for a big move
[15:06] Sharad : Big move Porus ? since morning i am stuck @ 61.33 and going to 61.3 and then 61.33
[15:06] r m : 🙂
[15:06] r m : I was also wondering where was the big move
[15:06] Sharad : Shai what about 61.74 ?
[15:06] Porus : big compared to price movement today
[15:07] r m : yes
[15:07] Shai : sharad buiding valye in this zone
[15:07] Shai : has to break abv or below for trending move
[15:07] Sharad : possibility of 61.74 i am asking ?
[15:08] Sharad : i am playing for 61.7
[15:08] Sharad : 61.74 by tomorrow only
[15:08] Sharad : stop 61.25
[15:09] r m : it is an inside day, should give a good trade when it breaks out http://screencast.com/t/xqBgYwjaITpZ
[15:09] Sharad : yes RM tomorrow should be big day then 4 days holiday
[15:10] r m : ok
[15:10] Sharad : No Muhurat trading in INR
[15:11] Kathir : ok
[15:11] r m : yes
[15:12] r m : currency market should be open tomorrow?
[15:12] Sharad : yes
[15:13] r m : ok
[15:14] r m : bnf will carry those shorts overnight!
[15:16] r m : bnf has fallen in love with 16456!
[15:16] Narendra : the maximum shorting has happened at this level only
[15:17] Manik : @ rm 446 seller is still adamant
[15:17] r m : @Manik, maybe he is lying dormant now waiting for a gap down 🙂
[15:18] Manik : ok
[15:19] Narendra : banknifty technically is also very strong. very risky shorting bnf
[15:20] Shai : es just printed a new high
[15:20] Shai : session high that is
[15:21] Kathir : @SHAI shall i buy any ce for tomrw nf?
[15:21] Kathir : now
[15:21] Shai : buy small qty
[15:21] Kathir : ok
[15:21] Shai : trying to scare the short here
[15:22] Shai : 7936 spot
[15:22] Shai : they can open around 7970 and see what happens
[15:22] Shai : spot
[15:24] Shai : a close abv 7940 F preferable for longs
[15:29] Shai : 8000 ce OI came dwn
[15:29] Shai : so nervous bears
[15:30] Shai : Es should rotate around 1910 today
[15:30] Shai : if 1913 crossed can run to 1930
[15:30] Kathir : HAPPY DIWALI ALL 🙂
[15:31] r m : Thanks and bye folks, have a great day, Happy Diwali 🙂
[15:31] Shai : Thanks and bye all
[15:31] Shai : Happy Diwali to all 🙂
[15:31] Chiranthan : Bye
[15:31] Porus : bye
[15:31] Sharad : Bye and Happy Dhanteras to all
[15:31] Clay : bye all
[15:31] Manik : happy diwali to all
[15:31] Kathir : Thanks and bye all
[15:31] Narendra : Bye and Happy Dhanteras to all