OrderFlow charts and Notes 21st May

[08:54]   r m : Good Morning folks!
[08:54]   r m : http://vtrender.com/levels-and-plan-for-21st-may/
[08:54]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-2005/
[08:54]   Porus : GM RM
[08:54]   r m : Hi Porus
[08:54]   r m : Nifty MAY Future levels| Key Reference Area 8438| Hypo1 above 8438➜8464➜8496 SL 8401| Hypo2 below 8390➜8364➜8326 SL 8438
[08:55]   r m : Banknifty MAY Future levels| KRA 18590| Hypo1 above 18628➜18670➜18751 SL 18525| Hypo2 below 18440➜18390➜18222 SL 18535
[09:01]   Venkatesan : gm shai, rm and friends
[09:02]   Pawandeep : GM all
[09:03]   r m : Hi Venkatesan
[09:04]   Tejpreet : GM all.
[09:06]   Sudhakar : gm all
[09:10]   Shai : GM all
[09:10]   Ashish : Gm all
[09:11]   Moses : GM all
[09:11]   RK : GM Shai,RM and all
[09:12]   r m : Hi RK
[09:12]   Soumya : Good Morning all
[09:12]   Sumit : GM everyone
[09:12]   Hemant : GM folks
[09:15]   Sharad : GM all
[09:15]   Shai : NF 8438 area again an early morning ref
[09:15]   Shai : we sought a close abv it yesterday did not happen
[09:15]   Shai : 18628 in BNF
[09:16]   Shai : 8390 area again a supp
[09:17]   RK : many scrips have open high
[09:18]   Shai : 15 i min rule for that O=H
[09:18]   RK : yes
[09:21]   Kathir : GM Shai RM and ll friends
[09:21]   Shai : Open within value and range
[09:21]   r m : Hi Kathir
[09:22]   Shai : yesterday’s late afternoon sentiment prevails
[09:22]   Porus : that was weakish?
[09:22]   Shai : sideways
[09:22]   Tejpreet : Shai how is TVSmotors looking on charts?
[09:23]   Vivek K : UBL attempting a break from 100 point range
[09:24]   Shai : BNF was more weakish yesterday Porus in comparison so look for conf below val today
[09:26]   Pawandeep : @ shai no otf as yet?
[09:27]   Porus : ok
[09:29]   Shai : tvs still see it as sideways
[09:29]   Shai : slightky positive abv 222 on intra
[09:29]   Shai : 222.3
[09:30]   Shai : brakout abv that can give you 230.5 and 236.5 add abv 225.4
[09:30]   Tejpreet : Thanks for the lvls.
[09:31]   Kathir : @shai please give me levels for usd/inr – res and trgt and supp also
[09:32]   Shai : uBL open drive again 2n day
[09:32]   Shai : continues strng abv 1017 intra
[09:32]   Shai : 1043 is easy
[09:33]   Shai : positinal tgt 1134 sl below 975
[09:33]   r m : @Shai, what is your view for short in CIPLA?
[09:33]   Shai : BNF
[09:34]   Shai : cipla can drop to 663/ 667
[09:34]   r m : Thanks
[09:34]   Shai : sl abv 690
[09:34]   r m : OK
[09:34]   Shai : 655 also possible
[09:34]   r m : Thanks 🙂
[09:35]   Tejpreet : Rm as per OI sheet Fii have added long position in last 2 days …can you confirm it.
[09:35]   r m : yes
[09:35]   r m : have been adding long CEs too
[09:36]   r m : don’t know if addition is in May series or June
[09:36]   Tejpreet : So basically long above lvl 8345.
[09:36]   Tejpreet : even fii following Shai lvl 🙂
[09:37]   Kathir : @Tej Shai has many FII friends 🙂
[09:37]   Porus : RM, is it pssible to breakup the number into May and Jun series?
[09:37]   Hemant : Shai, charts no updating?
[09:37]   Ashish : Charts not updating..
[09:39]   Venkatesan : my case too
[09:39]   Shai : yes small issue- will update in a min
[09:39]   Porus : Shai, you mentioned on TW y’day that FIIs have gone long bias. Does that mean that this series is likely to see an upmove into expiry?
[09:39]   Tejpreet : @Kathir seems like lot of big players in the chat room itself 🙂
[09:40]   Shai : NO Porus FII don’t have that kind of control on index any longer
[09:40]   Shai : their net weightage on index is lesser
[09:41]   Shai : retail stronger now
[09:41]   RK : one dip to 8390 and rejection there will be good for upmove..
[09:43]   Hemant : And an acceptance will open the flood gates..
[09:44]   Kathir : @TEJ yes I have noted that 🙂 you can see change in volumes in order book if a level breaks up or down
[09:44]   Shai : Kathir USDINR data is an issue tday- cannot update that chart
[09:44]   Kathir : ok shai no problem
[09:45]   Hemant : There is a report doing rounds on curtailing retail trading
[09:46]   Tejpreet : Curtailing trade in which instrument Hemant.
[09:46]   Hemant : Derivatives Tej
[09:47]   Hemant : Can I post a link here to the article?
[09:47]   r m : sure
[09:47]   Tejpreet : I think it was about inreasing lot size to 10 or 5 lakhs.
[09:47]   Kathir : Pls post hemant
[09:47]   Hemant : http://articles.economictimes.indiatimes.com/2015-05-18/news/62323254_1_contract-size-derivatives-trading-futures
[09:47]   Shai : Sell NF 8412- 8417 sl of 8440 tgt 8390/ 8365
[09:48]   Hemant : Pls do apprise us on the implications of this..
[09:48]   Venkatesan : hement reason?
[09:49]   Hemant : Apparently to “protect” retailers
[09:49]   Kathir : Hem thanks for the link
[09:49]   RK : except 2 (hdfc and drreddy) rest all in my watchlist had cleared open high and moved up.had around 7 with open high
[09:50]   Hemant : Welcome Kathir
[09:51]   Shai : RK working on AMI?
[09:51]   Venkatesan : shai nf trading in discount
[09:51]   Shai : yes
[09:51]   RK : no Shai..NEst and excel..Ami help from RM 🙂
[09:52]   Shai : ok
[09:53]   Shai : If you are working on that O=H concept see if you can refine it as O= H abv PDH and trigger entery below PDH
[09:53]   Shai : should give 95% sucesss
[09:54]   RK : you mean to short in above scenario?
[09:55]   Shai : yes
[09:55]   RK : got it..
[09:55]   Shai : 8430 is a short in NF near highs
[09:55]   Shai : roughly 5200 contracts
[09:55]   Shai : 18540 in BNF a short
[09:56]   Shai : roughly 500 contracts
[09:56]   r m : @Shai, at which point SBIN gets weak, have not been able to get above 295 yesterday?
[09:58]   Kathir : @SHARAD here ?
[09:58]   Shai : sbin weak below 290.1
[09:58]   Shai : can drop to 285.5
[09:58]   r m : Thanks
[09:58]   r m : OK
[09:59]   RK : TISCO sub 330 levels possible Shai?
[09:59]   RK : in a week
[10:00]   Shai : Sell BNF near 18490- 18510 sl of 18565 tgt 18440/ 18390
[10:00]   Hemant : Shai, is it ok to play for 8260 here?
[10:00]   Shai : sell higher near 18500 not here
[10:03]   Shai : Hemant if 8345 breaks then or a close below 8390 F today
[10:04]   Hemant : Got it, ty
[10:05]   Venkatesan : breaks
[10:05]   Sharad : Yes Kathir
[10:06]   Hemant : 8400 spot gone..
[10:07]   Ashish : Cesc below Shai levels 🙂
[10:07]   Ashish : 8390 gone
[10:07]   Soumya : Any Nifty short trades here?
[10:08]   Ashish : (09:47) Shai :Sell NF 8412- 8417 sl of 8440 tgt 8390/ 8365
[10:08]   Shai : (09:47) Shai :Sell NF 8412- 8417 sl of 8440 tgt 8390/ 8365
[10:09]   Shai : Missed a BNF short
[10:09]   Shai : did feel it would come to 18400 at yesterday close
[10:09]   RK : buyers responding here
[10:09]   Tejpreet : Shai can we initiate 50 % positional shorts here and reast on break of 8345.
[10:10]   Shai : Short positional on IBL break now Tej
[10:10]   Shai : or below 8375 F sl will be day highs
[10:10]   Tejpreet : Got it thanks.
[10:12]   Shai : BNF getting weaker
[10:13]   Shai : We will short BNF on a bounce to 184400
[10:13]   Shai : tgt 18360 sl 18500
[10:13]   Shai : 18440***
[10:15]   RK : PDL is held in both as of now
[10:15]   Shai : Sl is now 8415 on the bal of NF intra short
[10:19]   Kathir : Sbi holding 290.10 still..low 290.3
[10:21]   Shai : 18387 LVN of the positionals
[10:21]   Shai : big slide if that breaks
[10:22]   Shai : I’ve put 18222 obj below 18390 in that hypo
[10:27]   Shai : New sellling below IBL now
[10:27]   Shai : sl on all shorts at vwap + filter
[10:27]   Shai : looking for a trend day if IBL breaks
[10:30]   Shai : Sell BNF in 2 parts at 18410 and at 18450 sl 18490 on day tgt 18360/ 18292
[10:31]   Shai : taking an initial stab as price is still weak and support at LVN not coming
[10:32]   Shai : though I feel 18440 region is best to short again
[10:36]   Tejpreet : Shai shouldn”t the price rush through lvn , bank nifty hovering around 18387.
[10:38]   Kathir : @shai LVN 0 is 18387 and -0 is 17932..does it mean it will go there as a next level
[10:38]   Rajat : call on nifty
[10:40]   Shai : NF not really weak
[10:43]   Shai : Yes Kathir can happen though not 100%
[10:43]   Shai : but it is positional remember and is an area not a line
[10:44]   Kathir : ok. so if one taking position based on this he can put SL above LVN +1 is it
[10:45]   RK : Shai yes was about to ask you..as the LVN and HVN are zones, how do you arrive at one specific no?
[10:48]   Shai : some longs now in NF
[10:50]   Shai : RK I go by range of the week gone by against the past ATR to arrive at the zones to watch
[10:50]   Shai : In theory you can spot an LVN every 20- 30 prices
[10:50]   Shai : but by doing so on weekly levels we avoid “noise”
[10:51]   RK : Yes..when we look at charts of some stocks, everywhere we can spot LVN only 🙂
[10:52]   Shai : avg range of week is about 180 points with vix of 15 and goes upto 240 when vix is 19
[10:52]   Shai : last week was 260
[10:52]   r m : Drreddy has more LVNs then the capsules they sell 🙂
[10:52]   Ashish : 🙂 Rm
[10:52]   Shai : 🙂
[10:53]   Shai : Exit the BNF short trade here – we will wait on confirnation to reshort higher
[10:54]   Shai : responsive buying now in both NF and BNF
[10:54]   RK : so again when you zoom into weekly level, how do you pick one no for eg 8437..its like exhaustion point of LVN something!
[10:58]   Shai : LVN is where volume is not traded
[10:58]   Shai : s easy to find
[10:58]   Shai : like 8345 was not traded for several weeks
[10:59]   Shai : there were single prints also there which is a sign of exhaustion
[10:59]   Shai : same with 18623
[11:00]   RK : ok..will check the charts..if possible pls share the chart Shai to understand it better..
[11:00]   Shai : sure
[11:00]   Shai : Auction has just gone neutral here at vwap
[11:00]   Shai : Morning seller has to take it below IBL for more weakness
[11:01]   Shai : (10:27) Shai :looking for a trend day if IBL breaks
[11:03]   r m : @Shai, OK to keep an order in system for short below IBL in NF? Those sudden sell-off give no time for entry 🙂
[11:04]   Kathir : @RM i thought it was you who is breaking thse levels without giving time for us 🙂
[11:04]   r m : lol
[11:05]   r m : and I was quite sure that TN lobby was behind it D
[11:05]   Shai : No RM don’t put one there- ther are 2 time frames visisble there
[11:05]   RK : RM you can straightaway accuse us both instead calling TN..I believe we two only here 🙂
[11:05]   r m : ok, thanks Shai
[11:05]   r m : lol
[11:06]   Venkatesan : NO
[11:06]   Kathir : @RK few others here i guess
[11:06]   r m : @RK, Rav was the other major party but he is no longer seen in the room, don’t forget Keshav quietly trading in background 🙂
[11:06]   RK : oh missed about new comers 🙂
[11:07]   Keshav : just learning
[11:07]   Kathir : oh keshav here..Hi man
[11:07]   r m : yeah, you have such a long list of stocks to trade, no time to notice fresh entries RK 🙂
[11:07]   Keshav : hi kathir
[11:07]   RK : Shai HUL good buy here
[11:07]   Kathir : 🙂
[11:07]   RK : ?
[11:08]   RK : RM 🙂
[11:09]   r m : @Keshav, we are all learning here some at the pace of snail like me 🙂
[11:09]   Shai : yes HUL good abv 858
[11:09]   RK : with SL 846?
[11:11]   Keshav : better to complete the race being the tortoise
[11:11]   r m : lol
[11:12]   Keshav : the hare becomes the easy target for both bull and the bear
[11:13]   Shai : yes 845 good
[11:13]   Shai : look at 872 tgt
[11:13]   RK : thanks
[11:20]   Shai : Keep a new order to sell BNF below 18350 sl of 18410 tgt 19270/ 19225 by close
[11:20]   Shai : 18270/ 18225**
[11:20]   Shai : be back in few mins..
[11:28]   Hemant : Got a question folks, the profile so far is developing “b” does it mean more sellers than buyers today?
[11:30]   r m : b generally means long liquidation
[11:31]   RK : unwinding long positions
[11:32]   Hemant : Would TPO count on the profile suggest the same liquidation RM/RK?
[11:34]   r m : @Hemant, I won’t know how to use that info
[11:37]   Hemant : Ty RM
[11:38]   RK : Hemant that observation was based on sellers on chart but prices not moving down..
[11:39]   Kathir : whats PDH for bnf?
[11:39]   RK : 18599 F Kathir
[11:39]   Kathir : thanks RK
[11:40]   RK : welcome
[11:40]   r m : that 9 is always there like Bata shoe prices 🙂
[11:40]   Ashish : 🙂
[11:40]   Hemant : Ok RK
[11:42]   Porus : RM, got AMI today.
[11:43]   r m : ok
[11:43]   Porus : Where can I get MP AFLs?
[11:43]   Hemant : What version Porus? Spent ages trying to get Nest to connect to AMI
[11:44]   Hemant : Justfintech site: http://justfintech.com/amibroker-afl/
[11:45]   r m : @Porus, there are only two, by Kaka-Milind, they are found all over the net 🙂
[11:45]   Porus : ok thanks. Will check.
[11:46]   r m : can mail you too, my email is [email protected]
[11:47]   Porus : Hemant, v5.5
[11:47]   Porus : Ok RM, if you can email on [email protected]
[11:48]   r m : OK
[11:53]   r m : @Porus, sent
[11:54]   Porus : RM, received.
[12:03]   Tejpreet : Bulls defending IBL again in NF. Guess we need Shai back to make IBL go away 🙂
[12:05]   Kathir : @tej one message from shai is enough 🙂
[12:08]   Tejpreet : Eagerly waiting for it 🙂
[12:09]   Kathir : 🙂 you want short or long
[12:09]   Soumya : UPL is going crazy. Now at 536!
[12:09]   Tejpreet : Am already 50 % short from 8420 …waiting for rest 50%.
[12:10]   Kathir : ok
[12:12]   Kathir : @today till now INR factor is not supporting shorts :)..
[12:12]   Soumya : UPL is in some major uptrend it seems
[12:13]   Tejpreet : I know but RR is good for shorts with sl at 8450.
[12:14]   Kathir : ok i was about to ask you about SL.thanks Tej
[12:14]   Tejpreet : day high plus small buffer.
[12:15]   Kathir : ok
[12:15]   Tejpreet : we are close to shai lvl of 18440 on bn .
[12:16]   Tejpreet : (10:32) Shai :though I feel 18440 region is best to short again
[12:16]   Kathir : SL few points above VAL for bnf ?
[12:17]   Tejpreet : Could be but am scared of BN volatility 🙂
[12:18]   Kathir : @tej morning i missed a great selling opp in BNF..should have shorted around 18560 70 with SL few above KRA..I was bit late to office 🙁
[12:19]   Tejpreet : Maybe you get a chance now .
[12:19]   Kathir : yeah waiting for shai’s confirmation
[12:20]   Tejpreet : same here am tempted to add nifty shorts but no confirmation …best to wait.
[12:20]   Kathir : ok
[12:23]   RK : seems not a day to short until it confirms below IBL..
[12:24]   r m : @RK, your HUL is doing well 🙂
[12:25]   RK : RM it just started moving..they reduced lot size also..so only above 10 points is a good move now 🙂
[12:25]   r m : 🙂
[12:25]   RK : strange lot sizes we have..Asian and BPCL at same price but Asian lot size is reduced to 250 from 500 but BPCL remains at 500
[12:26]   Tejpreet : Correct RK …no short now till below IBL but morning shorts can hold with sl at days high and reverse position above day highs.
[12:26]   RK : Asain used to move between extremes good and 500 lot size was doing well..now tired of chasing it..same with HUL
[12:26]   RK : Yes Tejpreet ..talking about fresh shorts only..
[12:27]   RK : LT was doing good with 250 size and changed to 125
[12:27]   r m : @RK, guess you should be happy with SEBI’s paper on increasing the contract size to 5-10 Lakhs 🙂
[12:27]   r m : but you can always trade double lots na!
[12:27]   RK : LT around 1600 price also wit 125 and Ultra with 3000 also with 125 size 🙂
[12:28]   RK : RM will be happy but what about margin part 🙂
[12:28]   Tejpreet : @ RK I must say your stock selection is good ..maybe becoz you track only stocks on your watchlist
[12:28]   Tejpreet : Rather than follow stocks on news flow.
[12:28]   r m : @RK, but with lot size margin aso halved I believe?
[12:29]   RK : RM when position is increased it would affect your decision making..I can hold LT with 100 points drawdown with one lot but cant afford it with two lots 🙂
[12:29]   r m : ok 🙂
[12:30]   RK : Tejpreet, yes having a stock per sector and watch price action of only those..dont track news of these stocks as well as other stocks..
[12:31]   RK : RM no detaiils about margin..lets see..after having this news, decided to postpone moving to Zerodha 🙂
[12:31]   Tejpreet : That is the best way to day it …tough very difficult:)
[12:31]   RK : Yes 🙂
[12:33]   r m : @RK, margins are % of contract value so have to be halved when lot size is halved
[12:33]   RK : oh you are talkiing about current reduction of lot size..yes yes..margin is reduced..
[12:33]   RK : but still not comfy with going with multiple contracts..
[12:33]   r m : ok
[12:35]   RK : as you are aware, always go with diversification of position..so, in a way of this reduction helps to pick another stock from available margin..but you know,,have to wait little more for targets on monetary basis 🙂
[12:35]   RK : *going
[12:36]   RK : time for 80% trade?
[12:36]   r m : @RK, must be very busy on a volatile day managing your basket full of chickens flying any which way 🙂
[12:37]   Kathir : @RK no worries about lot size if you see MRF 125 @ 37000 now 🙂
[12:37]   r m : lol
[12:38]   RK : Kathir 🙂
[12:38]   r m : guess the SEBI guys will fall in love with MRF 🙂
[12:38]   RK : Rm till IBL is secured, chickens are safe 🙂
[12:39]   r m : 🙂
[12:40]   Kathir : @RM RK i bought and sold 8400 pe now it has come to my bought rate again..tempting
[12:40]   r m : 🙂
[12:40]   Kathir : better I play candy crush for sometime 🙂
[12:41]   r m : never suspected that a mere PE could be a temptress 😀
[12:42]   RK : 🙂
[12:43]   RK : Kathir that CE has open high
[12:44]   Tejpreet : 8400 PCR still hovering around 1 .
[12:44]   r m : @RK, this one needs to be scanned too at 09:30
[12:44]   r m : (09:53) Shai :should give 95% sucesss(09:53) Shai :If you are working on that O=H concept see if you can refine it as O= H abv PDH and trigger entery below PDH
[12:45]   Vivek K : someones tvs is flying
[12:45]   Sudhakar : ya vivek bought @224.85 on monday
[12:45]   RK : yes RM..noted
[12:46]   Tejpreet : shai lvl abv 222.3 makes it run.
[12:46]   r m : so far CIPLA is returning from vwap
[12:47]   RK : index is well under writers control and action is only in stocks
[12:48]   Shai : Sell BNF here 18430 sl of 18490 tgt 18360
[12:50]   Ashish : Shai, you are using value areas as 70% or somethinng else?
[12:52]   Shai : 68.4%
[12:52]   Shai : based on volume
[12:53]   Shai : That AMI afl by kaka is good but if putting SL or tgts based on the value area in those afl’s please keep a small filter
[12:54]   Tejpreet : Rm can you also mail me the AFL for AMI ,[email protected]
[12:54]   Shai : It’s nice that AMI is there – everyone should track MP charts
[12:54]   Ashish : you got it right.. I was trying to match your value areas with AMI afl
[12:55]   Shai : I have been woking with GDFL and Sierra charts to provide footprint charts
[12:55]   Shai : that will be an affordable option for all
[12:55]   Ashish : Wow, that will be huge for us
[12:55]   Keshav : yes sierra is good too
[12:55]   r m : great!
[12:55]   Shai : some issues with the data of GDFL which Sierra is not happy about, but once they sort it out it should be fine
[12:56]   Keshav : light
[12:56]   r m : I did not know why GDFL guys sounded so optimistic, now I know 🙂
[12:56]   Ashish : Yeah, shai is everywhere 😉
[12:57]   Shai : yes they don’t admit it hence there is no breakthrough
[12:57]   Vivek K : ‘shai’ning light everywhere
[12:57]   r m : (*** Private to Tejpreet ) Sure Tejpreet
[12:57]   Shai : but footprint will not work if data is not correct
[12:57]   r m : yes, I know 🙁
[12:57]   Shai : Sierra will be only 25$+ GDFL data everyone uses anyway
[12:58]   Ashish : Thanks Shai for info..
[12:59]   Dharamveer : Sierra is in talkswith neotrade for data
[12:59]   Shai : Yes Sierra wants to come in
[13:00]   Shai : They have tried esignal and GDFL so far
[13:00]   Shai : big problem with esignal also but that is not a data issue but some internal arrangements about which esignal does not want to back down
[13:01]   Shai : lol Vivek 🙂
[13:07]   Shai : BNF sl
[13:07]   Shai : exit
[13:22]   Vivek K : ktkbank results tomorrow. profits for qtr would be 130-140crs, with npa below 3% and dividend of mostly 5 bucks. any worthwhile trade actionable in this shai sir?
[13:26]   Vivek K : shai sir, sun pharma nearing 982 levels which was the gap level. cmp 976
[13:28]   Shai : ktk I see a move abv 126.6 t 129/ 132
[13:28]   Shai : 132.4 should be done is we close abv 126.7
[13:28]   Pawandeep : @ shai market is going up but delta of last 7-8 candle is red ?
[13:29]   Tejpreet : Shai any trade in Amtek auto based on MWPL currently 95 %
[13:29]   Shai : Yes sun pharma good
[13:29]   Shai : headed to 1010/ 1021
[13:30]   Shai : Big selelr at 1021 which is the real test of the trend
[13:32]   Venkatesan : 1325 delta is lookind odd compare to the numbers in b&s
[13:32]   Shai : Amtek Momentum still up and no sign of weakness
[13:33]   Shai : could finsih off near 164
[13:33]   Shai : 166.6 is the sl if you want to short higher
[13:34]   Shai : Buy NF at cmp sl of 8395 tgt 8438
[13:35]   Tejpreet : Thanks for Amtek.
[13:35]   Shai : Pawandeep these are passive buyers
[13:35]   Shai : 12.45 onwards overall delta is green
[13:35]   Tejpreet : Passive buyers means .
[13:36]   Shai : limit orders
[13:36]   Tejpreet : got it.
[13:36]   Pawandeep : ok
[13:41]   Shai : Buy BNF tgt 18585 sl 18470
[13:43]   Shai : RK gt it right this morning
[13:43]   Shai : he was looking at that dip to buy
[13:43]   Shai : when that IB did not break there was an issue which the seller did not address at vwap
[13:45]   Shai : 8438 zone still for the bull to take
[13:46]   Kathir : @SHAI whats imdeitae trgt if nf breaks high now?
[13:46]   Shai : 8463
[13:47]   Kathir : ok
[13:47]   Shai : but vwap bands is there suggest part booking at least
[13:47]   Kathir : ok sure thanks
[13:52]   Shai : see that 104350 vol that is a cover order for this : (09:55) Shai :roughly 5200 contracts
[13:53]   Shai : likewise in BNF
[13:54]   Shai : (09:55) Shai :8430 is a short in NF near highs
[13:54]   Shai : Hold BNF at 18455 sl
[13:55]   Shai : abv VAL is a rise to VAH on the 80% + chances of doing an FA at 18358 lows today
[13:58]   Shai : NF did that 80%
[14:00]   Tejpreet : Shai holding shorts at 8420 with sl around 8450 square off now or hold.
[14:01]   Shai : still a supply zone of a higher TF
[14:01]   Soumya : So it means nifty should touch VAL today ?
[14:01]   Shai : try to square off on this dip
[14:01]   Shai : we may attempt a higher 8470 spot n tom trade
[14:02]   Tejpreet : ok will do that
[14:03]   Shai : Soumya 80% here : http://vtrender.blogspot.in/2010/08/80-there.html
[14:04]   Shai : sellers now
[14:07]   Kathir : @shai a trip to vwap possible now NF?
[14:13]   Soumya : Thank you shai
[14:14]   Shai : Kathir very diff for me this zone hence I mentioed 8438 and 8390 for directional trading today in hypos
[14:14]   Shai : very random here since yesterday
[14:14]   Kathir : ok
[14:18]   Vivek K : these are the days where pigs make fun of bulls and bears for a change
[14:18]   Ashish : 🙂
[14:18]   Rajat : what about bank nifty
[14:18]   Rajat : and nifty
[14:19]   Shai : BNf seller still holding up 18623 levels
[14:19]   Shai : was exoecting a revisit ther but looks like not working
[14:20]   Rajat : thns
[14:20]   Rajat : thnks
[14:20]   Dharamveer : BNF long hsall we hold with 18455
[14:21]   Vivek K : shai sir, auro stilll good for 1450 with 1340 stop?
[14:22]   Shai : Yes Dharamveer hold for now we will exit n this jump to 18520 near cost
[14:24]   Shai : auro may finsih at the lows today
[14:25]   Shai : defer buy to tom and d it abv 1360 only sl of 1328
[14:25]   Shai : do*
[14:25]   Vivek K : okie
[14:26]   Shai : Try looking for an exit in BNF longs at 18510- 18520
[14:31]   Varun : @shai what’s vwap?
[14:32]   Shai : 8408
[14:34]   RK : RM-2.30 and no signs..seems all energy is saved for tomorrow’s inventory control 🙂
[14:35]   r m : yeah, I think Varun will get us a gap open tomorrow 🙂
[14:36]   RK : gap and run is fine..but gap and dump and then run is enough now 🙂
[14:38]   Hemant : Shai has the probability of breaking 8390 lessened?
[14:38]   Hemant : NF
[14:38]   r m : @RK, yeah, that too when dump and run happens in a single long 5 minute bar keeping out new entries!
[14:38]   RK : true
[14:45]   Shai : yes Hemant
[14:45]   Shai : I feel one visit up the down
[14:46]   Shai : eueing 8470- 8510 spot vwap of last series for a test and close the issue for June
[14:46]   Shai : we are beraish for June if that is not taken down
[14:46]   Shai : eyeing*
[14:47]   Shai : even MO is about 50 so not much big upside left in the market
[14:48]   Shai : roughy 8510 F remains open for tom based on today volumes
[14:48]   Shai : 8501- 8510 F
[14:52]   Tejpreet : Does that mean around 8500 go short in june series.
[14:52]   Shai : with price confirmation yes
[14:52]   Varun : shai u have a nice lvn rejection chance at 8534 with sar
[14:52]   Shai : the seller will have to work on the lower levels even if he comes abv
[14:53]   Varun : abpve it
[14:53]   Tejpreet : Price confirmation will come from you at right lvls 🙂
[14:53]   Shai : Varun one upmove pending tom to probe up I feel
[14:53]   Shai : Sure Tejpreet
[14:54]   Shai : today is inside
[14:55]   RK : 8534 would be hatrick Shai after 8345 and 8437 hits
[14:55]   Shai : BNF also mostly inside
[14:55]   Tejpreet : Is it possible for a gap down tomorrow as bulls are unable to close above 8450 in past 2 days.
[14:56]   RK : inside with less than 1% range always have good followup session
[14:56]   RK : Tejpret half glass..bears cant go below 8390
[14:56]   Shai : If there is a gap down chances are bigger it may fill
[14:56]   Shai : what the bear needs is a stronger open drive more bigger than today
[14:56]   Tejpreet : out of shorts now in this dip .
[14:57]   Shai : value has gone sideways today so chances of drive down cannot be ruled out completely
[14:57]   Shai : though I’ll like to see it below 8385 to be certain
[15:01]   Kathir : overall delta in NF is – 2410050
[15:01]   Kathir : * -240000
[15:07]   Pawandeep : SBI results 2marow?
[15:07]   Venkatesan : shai nf in discount again
[15:08]   Venkatesan : kathir 240000 figure where is located
[15:09]   Kathir : In Delta chart left bottom – or the first row total
[15:09]   Kathir : nifty k5, delta ,max ,min right
[15:11]   Venkatesan : yes got it , thank u
[15:11]   Venkatesan : kathir this is nothing to do with OI change, am i correct?
[15:11]   Kathir : welcome
[15:12]   Kathir : @venkat which city you are in?
[15:12]   Venkatesan : trichy
[15:12]   Tejpreet : @who all are in Pune in this chat room.
[15:12]   Kathir : oh is it…Another TN guy
[15:13]   Venkatesan : i guess there are 4 to 5 tams
[15:13]   Kathir : @Tej you have the big fish SHAI in pune 🙂
[15:13]   Tejpreet : I know am looking for small ones 🙂
[15:13]   Kathir : lol
[15:14]   Venkatesan : and about u kathir>
[15:14]   Kathir : @venk yeah 5 or 6 here..but all diff cities 🙂 Rav and keshav chennai and RK is very near to you Karur
[15:15]   Venkatesan : nice
[15:16]   r m : room taken over by Madrasis 🙂
[15:16]   Venkatesan : 😉
[15:16]   Hemant : 🙂
[15:17]   RK : Kathir all TN Shai fan club should meet one day 🙂
[15:17]   Porus : Shai, how do you read it if both nf, bnf close below VAL?
[15:18]   Soumya : Auro near day’s low
[15:18]   Soumya : Excellent shai
[15:19]   Kathir : @RK sure I am ready
[15:19]   r m : @RK, let Amma not hear about it, she’ll ban the club 🙂
[15:19]   Hemant : lol @RM
[15:19]   Shai : Pors longs abv 8435 + filter tom tgt 8505
[15:19]   RK : Rm Amma in silent mode now 🙂
[15:19]   Shai : Porus*
[15:19]   Kathir : @RM lol
[15:20]   r m : @RK, doing penance for being caught out? 🙂
[15:20]   RK : She is resuming on 23rd..somebody told her to remain silent till then 🙂
[15:20]   Kathir : @venk i studied my collge at trichy St,josephs 🙂
[15:20]   Porus : and bnf above 18570?
[15:21]   Shai : Soumya 🙂
[15:21]   RK : Shai chances for 330 levels in Tatasteel with today’s action?
[15:21]   RK : or 335
[15:22]   Kathir : bnf should be above 18628 I guess porus
[15:22]   Venkatesan : nice kathir, u didnt tell where r u now
[15:22]   Kathir : 🙂 coimbatore
[15:22]   Porus : Thanks Kathir
[15:22]   Venkatesan : vgood
[15:22]   r m : @Kathir, I was about to answer on your behalf 🙂
[15:23]   Porus : Shai, considering today’s price action, has bnf strengthened over y’day?
[15:23]   Kathir : @thanks RM sir 🙂
[15:23]   Shai : yes tata steel 331 possib;e
[15:24]   RK : thanks Shai.
[15:24]   Shai : Not Much Porus but less negative than yesterday
[15:24]   Kathir : @RM SBI results tomorrow ?
[15:24]   Porus : ok.
[15:24]   Shai : I still feel a test above near 18600 is better from here to check business
[15:24]   r m : yes Kathir
[15:25]   Kathir : ok thanks
[15:25]   Shai : that long view just did not work out in BNF though we held 18440 on day
[15:26]   Shai : Balanced profile in NF
[15:27]   Vivek K : pretty abnormal to have 3 normal days
[15:27]   Shai : yes
[15:28]   Shai : they are very rare
[15:28]   Shai : we normally get to see 1 in a month of trade
[15:28]   Vivek K : so this could end up getting more ugly in terms of violent moves?
[15:28]   Tejpreet : explosive move round the corner
[15:29]   Shai : Not violent but a directional high cnviction move
[15:29]   Venkatesan : thank you shai, rm and friends
[15:29]   Kathir : @RK Venkat pls note my email ID and send me a confirmation mail – [email protected]
[15:30]   Shai : Bye all
[15:30]   Shai : Have a good evening
[15:30]   Shai : catch up tom
[15:30]   Ashish : Bye all
[15:30]   Tejpreet : Bye all.
[15:30]   Venkatesan : yes thank u kathir
[15:30]   Sudhakar : bye all
[15:30]   Pawandeep : GB ALL
[15:30]   r m : Bye folks, have a great evening 🙂
[15:30]   RK : Kathir..you have my id..
[15:30]   RK : thanks and bye all
[15:31]   Porus : bye all
[15:36]   Kathir : Thanks and bye all