General Chat Transcript
Date and Time: May 22, 2015 09:14:41
[08:53] r m : Good Morning folks!
[08:54] r m : http://vtrender.com/levels-and-plan-for-22nd-may/
[08:54] Porus : GM Rm and all
[08:54] r m : Hi Porus
[08:54] r m : http://vtrender.com/premium/orderflow-charts-and-notes-21st-may/
[08:54] r m : Nifty MAY Future levels| Key Reference Area 8440| Hypo1 above 8440➜8464➜8487➜8504 SL 8407| Hypo2 below 8395➜8375➜8337 SL 8439
[08:55] r m : Banknifty MAY Future levels| KRA 18590| Hypo1 above 18628➜18670➜18730 SL 18525| Hypo2 below 18440➜18370➜18222 SL 18535
[08:56] Ashish : GM all
[08:56] r m : Results today – ITC, GSPL, MRPL
[08:57] Ashish : SBI also today
[08:57] r m : Yes
[08:58] r m : it vanished from ICICIdirect result calendar!
[08:58] Ashish : ok
[08:58] r m : SGX Nifty trading flat
[08:59] Ashish : Wockpharma looks good today, got QIDp status from US FDA..
[08:59] Pawandeep : GM ALL
[08:59] Ashish : Qualified Infectious disease product – QIDP
[08:59] Shai : GM all
[09:02] Sumit : GM everyone
[09:02] Sudhakar : gm all
[09:07] Tejpreet : GM All.
[09:11] Sharad : GM all
[09:12] Venkatesan : gm shai, rm and friends
[09:12] Moses : GM All
[09:13] Keshav : gm all
[09:13] Mahesh : GudMrng ………..
[09:18] r m : Hi Venkatesan
[09:18] Tejpreet : Chart not updaing.
[09:18] Tejpreet : updating
[09:19] Kathir : GM Shai RM and all friends
[09:19] Venkatesan : yes
[09:19] r m : Hi Kathir
[09:19] Venkatesan : ok now
[09:19] RK : GM Shai,RM and all
[09:19] Ashish : Shai, Please check Wockpharma upside levels when you get time.
[09:21] Shai : wock huge supply at 1480/ 1504
[09:21] Shai : if that is taken out on closing basis then should rally to prev highs over midterm
[09:21] Ashish : OK thanks Shai
[09:21] Tejpreet : AMI says NF low 8401 but FP charts say 8416 low .
[09:22] Shai : BNF culprit
[09:22] Sumit : 18020 BNF low 🙂
[09:23] Shai : 🙂
[09:23] r m : (*** Private to Kathir ) @Kathir, you are one of the editors of the stockslevel sheet now, I have added a USDINR tabs, you an update the resistance and supports whenever you feel like
[09:23] Tejpreet : What could be the reason for this …are any trades done at these low lvls.
[09:26] Shai : No all vol is accurately reflected in the FP charts now
[09:26] Tejpreet : So no trades at these freak lvls.
[09:27] Rajat : banknifty and nifty call
[09:27] Shai : No could ne cash basket orders
[09:27] Shai : gen excahnge would cancel any trades done also withn the hour or at close
[09:28] Shai : BNF on way to test 18600/ 18623
[09:28] Shai : NF neutral here
[09:29] Shai : use 8440 and 8395 to confirm the mkt’s intent to move out and go directional
[09:29] Shai : till then rotational
[09:29] Tejpreet : ok
[09:30] Tejpreet : Got it ,Thanks.
[09:30] Venkatesan : ok
[09:31] Venkatesan : shai nf o=l good sign?
[09:31] Venkatesan : open =low
[09:31] Shai : could be
[09:31] Venkatesan : ok
[09:31] Shai : My bias into the day and from yesterday has been a test of 8500 F from here
[09:32] Shai : but look to add positions abv 8440 only or down below near 8399 with a 20 point stop
[09:32] Tejpreet : Shai views on Shriram transport SRTRANSFIN .
[09:35] r m : Open=High and Open > PDH – CAIRN
[09:36] RK : RM wrote afl? :))
[09:36] Shai : srt goes positive abv 834.6 buy abv that with sl of 831 for 849/855
[09:36] r m : yeah, tesing it 🙂
[09:37] Shai : below 834 can still go down and restest 817
[09:37] RK : great:)
[09:37] Tejpreet : Thanks Shai .
[09:38] Ashish : Rm, Cairn will be short then as per yesterday’s discussion..right?
[09:39] r m : probably after IB period
[09:39] Shai : @RM That’s nice
[09:40] r m : Thanks Shai, but I can scan only limited scrips (most majors) which my vendor provides
[09:40] Ashish : OK RM 🙂
[09:42] Ashish : Charts not updating.
[09:44] Shai : charts up?
[09:44] Kathir : fine for me
[09:44] r m : yes
[09:44] Ashish : yes..
[09:44] Ashish : got it now
[09:44] Pawandeep : @ shai your view on indus banks
[09:45] Shai : indusind?
[09:45] r m : @Shai, SBIN doing well today, what is the diagnosis? 🙂
[09:46] Pawandeep : yeah looking for short
[09:46] Tejpreet : Have never seen vwap bands so close in Nifty.
[09:47] Rahul G : shai are the yellow line dvalue
[09:47] Rahul G : at 8431 and 8413
[09:47] r m : yes
[09:47] Kathir : @Tej yeah very close like rahul gandhi and congress party 🙂
[09:48] Tejpreet : 🙂
[09:48] Rahul G : thanks rm
[09:48] r m : welcome
[09:48] Tejpreet : Shai your take on 8400 call put combo at around 137 .
[09:48] Shai : Indusindbk strong abv 855 on intra . tgt is 866 positional 1st level at 877
[09:49] Pawandeep : ok
[09:49] Pawandeep : no short
[09:50] Shai : just at that level now
[09:50] RK : Axis at breakout level of 574..
[09:51] RK : its showing strength since yday open
[09:51] Shai : sbin open drive
[09:51] Shai : 299 and 300.7 intra day obj
[09:52] r m : Thanks Shai
[09:52] Pawandeep : only 11lakh volume in nifty so far no OTF
[09:53] Shai : yes axis looking good for 581 if 575 take out now
[09:53] Shai : Yes Pawandeep locals trading
[09:54] Hemant : Shai, it there a min-max for volume that suggests presence of OTF?
[09:55] Shai : 8400 ce res at 93 now can drop to 65 and 55
[09:56] Shai : 8400 PE tgt is 21 from here sl abv 81
[09:57] Tejpreet : So current combo at 137 can con come down to around 75.
[09:57] Rahul G : shai are u suggesting more of a sideways
[09:57] Shai : Yes Hemant 1st 10 mins over 10 L generally
[09:58] RK : LT breaks last two day highs..may be towards 1660 now
[09:58] Shai : can but that 8400 ce option chart looks like it will hold 55
[09:58] Pawandeep : @SHAI can we still buy or sell breakouts on these week volumes?
[09:59] Shai : Y Rahul Option player environment
[09:59] Shai : No vol has to increase
[10:01] Vivek K : gentlemen, look slike mkt will move only on monday and tuesday, as those would be teh days i wont be in chat room.
[10:02] Shai : 🙂
[10:02] Shai : SBI expected after 1.30 today
[10:03] Vivek K : ktk results between 11-12,
[10:03] RK : Vivek everyone has such topsy turvy syndrome 🙂
[10:03] Venkatesan : 😉 VEIVEK
[10:04] Venkatesan : PATIENCE PAYS
[10:04] Vivek K : net npa ktk 1.95%, gross npa below 3%, qtr profits 145 cr
[10:04] Vivek K : patient always pays 🙂
[10:04] r m : lol
[10:05] Vivek K : shai sirm view on upl?
[10:06] Shai : sbin all saying good results expected . if that happens stock can do 312.8 sl below 288 from here
[10:06] Shai : 297 now
[10:07] RK : last quarter it surprised everyone with +ve nos
[10:07] RK : if am right!
[10:07] Shai : UPL a bit weak today and driving dwn
[10:07] Shai : 532 intr asupp
[10:08] Shai : can do 519 if that breaks
[10:11] Pawandeep : @shai today we have small range Ib so what type of day we should expect
[10:12] RK : normal days, inside days, lesser than 1% ranges, very narrow IB..what else in store? 🙂
[10:12] Vivek K : need to tighten up our pants for sure
[10:13] r m : heat wave RK 🙂
[10:13] Shai : Pawandeep generally it signals a fierce move in afternoon or start of trend day by 10.45
[10:13] RK : Vivek you said it 🙂
[10:13] Pawandeep : Thanks 🙂
[10:22] Shai : 10.45 if it does not start trending up then move only in afternoon
[10:30] Shai : Buy NF sl of 8514 tgt 8463/ 8487
[10:30] Shai : sl of 8414**
[10:31] RK : Shai HCL chances for breakout here with day low stop?
[10:33] Shai : hope you guys got in – (10:30) Shai :Buy NF sl of 8514 tgt 8463/ 8487
[10:34] Dharamveer : shall we wait for second target
[10:34] Ashish : Shai, sellers here
[10:34] Shai : yes
[10:34] Shai : will move upto 8487
[10:34] Shai : sl now 8433 on day
[10:36] Shai : hcl tech is good further momentum if 973 is taken out
[10:36] Vivek K : gs has just released a report to their clients on just dial for 1500
[10:36] RK : thanks
[10:36] Shai : tgt around 989
[10:36] RK : got it
[10:38] Shai : part book NF sl at 8433 on rest
[10:38] Shai : thos ewho didn’t get in NF should come back for test at 8445
[10:40] Shai : anybody with ShareKhan here?
[10:41] Shai : Brokerage to be sold at 2400 CR
[10:41] Shai : you made them rich 🙂
[10:42] r m : 🙂
[10:42] RK : I was with them for 5 good years..made good volumes in commodities 🙂
[10:42] Vivek K : made volumes or made money 🙂
[10:42] r m : you should get a cut in that profit 🙂
[10:42] Shai : so you contributed to that 2500 cr 🙂
[10:43] RK : true 🙂
[10:43] r m : @RK, goes to show that much better to invest in brokerage shares then invest thru them in other’s shares 🙂
[10:43] RK : but hassle free platform and office relationship..got a good brokerage structure too
[10:44] r m : yes, they were the original standard setter
[10:45] RK : Vivek mostly volumes and some money too 🙂
[10:46] Pawandeep : @ shai any specific reason 10.45
[10:46] Shai : day should trend dnow
[10:46] Shai : Market Profile
[10:46] RK : I remember having crude positions in hand for continuous two years…there was not even a single day went home without position.golden days :). got out of commodities when INR volatility affecting prices
[10:47] RK : and time constraint
[10:48] r m : yes RK, I remember that you used to talk about crude only on your blog 🙂
[10:48] Pawandeep : last 15min volume are 10lakh 🙂
[10:49] RK : 🙂
[10:53] Shai : 8504 an easy tgt here
[10:53] Shai : vol is sustaining now
[10:54] Shai : Buy BNF at cmp sl of 18578 tgt 18717/ 18774
[11:13] Pawandeep : @ shai how we can indentify that when algo working
[11:16] Ashish : @RM, Cairn is moving down below IB
[11:17] r m : ok
[11:18] r m : @Shai, what is the view for Cairn shorts?
[11:22] Shai : cairn weak below 198.4 intra
[11:23] Shai : but range bound intra day
[11:23] Shai : 195 has to break for more weakness
[11:23] r m : Thanks
[11:24] Vivek K : rm bhai, that cairn is a cunt stock. rumours of merging into vedanta. inspite of crude rallying from lows, this shit has done nothing
[11:26] r m : yes, I don’t even watch it, was just trying that scan on Open = High 🙂
[11:27] RK : Shai any supply level here around 2600 for TCS..want to trail it..
[11:28] RK : till that get hi
[11:28] RK : hit
[11:30] Vivek K : sun is ‘shai’ning
[11:31] Vivek K : atleast 1020?
[11:35] Shai : yes 2610 profit book zone of the weeklies
[11:35] Shai : 2688 bigger zone up
[11:35] Shai : supply zone up**
[11:36] RK : thanks
[11:36] Shai : Yes Vivek 1010- 1016
[11:40] Varun : @shai hw are the volumes tody in nf
[11:40] Varun : as for a trend day type ?
[11:41] Tejpreet : Volumes have shrunk post that breakout.
[11:42] Shai : Not a trend day type now
[11:42] Shai : Selling coming overhead in NF
[11:42] Shai : higher time fraem may have started selling again
[11:43] Shai : enter sl in systems for the bal NF
[11:43] Tejpreet : Does higher time frame means institutional or HNI players.
[11:45] Shai : could be but it is those with a positional bias
[11:46] Shai : for them 80- 100 point SL on big sizes is not an issue and they are happy with being off an initial sell by those many number of points
[11:47] Shai : Day type can become a DD as morning buyer and these new sellers negotiate
[11:47] Tejpreet : Big sizes and 100 point SL ….need deep pockets 🙂
[11:48] Pawandeep : 10:46 Pawandeep : @ shai any specific reason 10.45
[11:54] Shai : Pawandeep if you see OTF the day before at 10.45 he will come back for activity
[11:54] Shai : we were over yesterday vwap in the morning so from yesterday the buyer was more stronger in today morning trade
[11:55] Varun : whts vwap fr today ?
[11:55] Shai : hence these prices are right per short term auction and we keep looking at 8504
[11:55] Shai : 8446
[11:55] Varun : thnks
[11:56] Shai : Not ppositive now if 8435 breaks – then it will be a failed move and invite a deeper slie of 100 points to begin with
[11:56] Varun : shai but this pull up from 8438 to 845 is by weak hands
[11:56] Shai : slide
[11:56] Varun : so tes of 8438 will tell future course ?
[11:56] Varun : test
[11:56] Shai : No Varun Initail vol was over 10 L twice of day- they are sustaining it
[11:58] Varun : thnsk shai
[11:58] Varun : thanks
[12:00] r m : @Shai, Longs good in Power Grid ?
[12:01] r m : seems to be making a bottom
[12:13] Varun : shai cn we hve full figures in 5 min
[12:14] Varun : byers and sellers
[12:15] RK : 8400 CE 110 was wall of resistance this week..push here would lead to unwinding from writers there
[12:17] Vivek K : any chance of ktk crossing 133 on weight of todays evidence?
[12:33] Pawandeep : @shai there is acceptance of price 8460-70 from last 2 hours its bullish?
[12:34] Shai : Not very Bullish Pawandeep
[12:34] Pawandeep : volume are thin but selling
[12:34] Shai : But from here we have to calculate the response
[12:35] Pawandeep : not seller*
[12:35] r m : sbin made a swoop down
[12:40] Shai : No ktk looks stretched – I would say % wise lesser
[12:42] Shai : Power grid is looking weak- don’t suggest longs
[12:42] r m : Thanks Shai
[12:42] Dharamveer : shai bn sl hit can we reenter
[12:42] Pawandeep : @ shai at which price nifty short will trigger
[12:42] Rajat : banknifty hold ya exit
[12:42] Rajat : ?
[12:53] Pawandeep : Alert SBIN Cash Hit with 1.4m shs from 12:33 to 12:34 from 297 to 290 lvlSBIN May fut hit with 4.0m shs volume from 12:33 to 12:34 from 297 to 287(hit in just a minute)
[12:53] Pawandeep : forword*
[12:54] Shai : Pawndeep below 8435 F today
[12:54] Shai : Thanks that was a bg one
[12:54] Shai : saw some huge activity in 300 CE yesterday SBI
[12:54] Shai : BNF exit
[12:54] Shai : No don’t re-enter BNF
[12:55] Shai : SBI is moving it – No wsafe when SBI is done
[12:55] Hemant : Should impact NF as well?
[12:55] Shai : should yes
[12:59] RK : Pawandeep got that info from where?
[13:01] Pawandeep : fwd massage from friend
[13:01] RK : oh ok
[13:03] Shai : teh fut vol was 1mln not 4 mln
[13:15] Pawandeep : sbi above300
[13:17] Shai : NF trail at 8457 now
[13:17] Shai : BNF 🙁
[13:20] Shai : SBI net NPA down
[13:22] Shai : 18915 LVN remains in BNF
[13:22] Shai : can be done with a 19000 ce buy in dips
[13:22] Shai : 18774 still pssible in F here
[13:22] Shai : 18731 LVN 2
[13:24] Pawandeep : STATE BANK OF INDIA 4Q NET 37.4B RUPEES; EST. 35B*STATE BANK OF INDIA 4Q INTEREST INCOME 401B RUPEES VS 358.6B*STATE BANK OF INDIA 4Q INTEREST EXPENSE 253.9B RUPEES VS 229.5B*SBI GROSS NPA 4.25% END-MARCH VS 4.9% END-DEC.*SBI 4Q BAD LOANS PROVISIONS 46.4B RUPEES VS 58.8B*STATE BANK OF INDIA 4Q OTHER INCOME 85.2B RUPEES VS 65.9B*STATE BANK OF INDIA TO PAY 3.50 RUPEES/SHR AS DIVIDEND
[13:31] Pawandeep : after result sbi from305 to 299
[13:32] Shai : sell on news
[13:32] Shai : profits booked
[13:33] Shai : lots of selling coming in Nifty
[13:39] Shai : sELL bnf BELOW 18530 SL 180 TGT 184
[13:39] Shai : Srll BNF below 18530 sl 18595 tgt 18440
[13:40] Shai : BNF staying below 18580 on this vol is bearish
[13:40] Shai : we are prepping the trade to be below VAH for certainty
[13:41] Pawandeep : @ shai too much impact of sbi on index ?
[13:41] Shai : possibly
[13:46] Ashish : Shai, VWAP @ 18610 in banknifty can act as a resistance here if sellers want to win?
[13:46] Shai : yes
[13:46] Shai : 18623
[13:47] Shai : let’s see if it wants to trade below vah and fall to that 18440 number from yesterday
[13:47] Ashish : ok
[13:48] Vivek K : p shape as of now, is it long liquidation?
[13:48] Vivek K : Nifty?
[13:48] Vivek K : volumes are abyssmal
[13:48] Ashish : Shai, views on coal india.. close to resistancer area now?
[13:48] Shai : P shape is short covering
[13:48] Shai : b is long liquidation
[13:49] Vivek K : oops sorry
[13:50] Shai : yes coal ind 377 res
[13:50] Ashish : Thanks Shai
[13:52] RK : Shai obj for HCL pls?
[13:54] Shai : Place also a BUY in BNF over 18631 sl of 18577 tgt 18680/ 18717
[13:54] Shai : cancle the sell below if buy gets executed
[13:56] Shai : RK 989
[13:56] RK : thanks
[13:56] Shai : Intra dayers may book at 981 though
[13:56] Ashish : new sellers?
[13:57] Shai : vwap seller BNF
[13:57] RK : swing..carrying to next week if obj not met
[13:58] Ashish : Short call active
[13:59] Shai : cancle the buy abv
[14:01] Shai : BNF neutral day
[14:01] Shai : lots to play here still
[14:01] Shai : book part BNF tradil rest 18535
[14:02] Shai : NF longs TSL hit
[14:03] Shai : Sell NF below 8435 tgt 8397 sl of 8464
[14:04] Shai : Hold BNF bala for 18376
[14:10] Pawandeep : Thanks Shai for this unique trading room:)
[14:13] Varun : shai tht 169000 seller. stop loss or big guy selling ?
[14:16] Shai : Could be long unwinding Varun
[14:17] Shai : Pawandeep Pleasure 🙂
[14:19] Shai : Not breaking down 18440 again
[14:21] Pawandeep : @ shai may market close 2 vwap / dpoc or we r waitng for otm for range extension
[14:22] Shai : I think we close 8397 today if 8435 breaks now in next 15 mins
[14:22] Shai : else vwap here 8455
[14:22] Shai : ITC results today
[14:22] RK : Shai consideing LVN and VAH holding, 8534 close not possible 🙂
[14:22] Shai : expected to be poor
[14:23] Shai : seeing 334 as res in cash
[14:23] RK : but many stocks not in sync for that 8534.thats for sure
[14:23] Shai : can drop to 323 immedaitely
[14:24] Shai : Yes RK I did think 8504 was possible but BNF staying below VAH would mean that’s difficult
[14:24] Pawandeep : @rk but sbi show its sync
[14:25] RK : Pawandeep SBI is a culprit spoiled bulls party 🙂
[14:28] Pawandeep : totally manupolation SBI from 305-292 now
[14:30] RK : HERO finally making exit here..tired ride
[14:30] Pawandeep : @ shai @ which levels on sbi attract more seller
[14:31] r m : hero is resting after 19th May heroism 🙂
[14:32] RK : 11th MAy was the first entry RM 🙂
[14:32] Tejpreet : Shai a weekly close above lvn at 8436 should be bullish for nifty on Monday.
[14:33] r m : you have been riding it non-stop for two weeks RK, get uncomforatble on a bike 😀
[14:33] Shai : sbin 289 supp
[14:33] RK : RM as DR was along in the ride he took care of jerks and spikes 🙂
[14:34] r m : lol
[14:34] Shai : but close below 295 is not positive
[14:35] Vivek K : ktk has not crossed shai levels
[14:36] Tejpreet : Are ITC results post market.
[14:37] Shai : yes I think
[14:38] Varun : shai hws the close looking now
[14:38] Varun : nt accepted range in first attempt
[14:38] Soumya : any update on auro chart? at what price can we bottom fish?
[14:38] Varun : pday range
[14:39] Shai : Varun I’m going with 8397 close
[14:40] Tejpreet : 🙂
[14:42] Shai : Soumya Auro held 1330 today but not doing good abv 1360. I’ll still watch 1360 for price momentum next week but feell now it will dip to 1300 to get new buyers
[14:42] Shai : we evelauate at 1300 again
[14:42] Hemant : Shai, coming week to explore downside of it closes 8397?
[14:43] Shai : No Hemant could still be sideways with 8400 writers managing
[14:44] Shai : 8435 still holding
[14:45] Hemant : Ok Shai. Can sell 8400 CE here or wait?
[14:45] Pawandeep : close above 8435 is +ive for next week
[14:46] Pawandeep : @shai close above 8435 is +ive for next week ??
[14:46] RK : BNF PDL is under threat in closing hours it seems
[14:46] Shai : 8400 ce sl is 117 tgt 54
[14:46] Shai : if sold that is
[14:47] Shai : have to exit if 177 goes as it can jump up to 177
[14:47] Shai : 117 goes**
[14:49] Hemant : Got it
[14:49] Shai : all this red in NF is long unwinding
[14:50] Shai : could be the weekly players
[14:50] RK : maybe rolovers Shai?
[14:50] RK : *rollovers
[14:50] Shai : yes could be rollovers also
[14:50] Shai : Good point RK
[14:51] Venkatesan : yes nf june vole 225% of sterday
[14:51] RK : I was looking at volumes since morning and all big nos moving price nowhere..
[14:53] Tejpreet : Nifty call iv falling and put iv rising , call at 11.6 and put at 18.57 .Is it normal in nifty options?
[14:54] RK : LT 1660 done
[14:55] Shai : No
[14:55] Shai : If IV’s fall it is written
[14:56] Shai : If rising it mostly is buying or proit booking – have to check OI
[14:56] Tejpreet : Thanks for the info.
[14:57] Ashish : Shai, PDL is a FA in BNF
[14:58] Shai : yes
[15:01] Shai : NF deciding vwap close ignoring BNF
[15:02] Shai : BNF in a neutral extreme
[15:02] Shai : More chances of it being a close at lows there
[15:05] Sharad : Shai if we close near vwap in NF then any chance of 8397 cn monday ?
[15:05] Sharad : can we buy put at close ?
[15:06] Pawandeep : wow sbi down 2.5% & tcs up 2.5%
[15:07] Tejpreet : SBI breaking major supports at weekly close.
[15:07] Shai : yes can buy puts at close
[15:10] Sharad : ok Thanks will buy 8400 puts
[15:11] Tejpreet : Shai are you expecting gap down as premium will erode fast on puts over the weekend or buy on Monday.
[15:12] Sharad : Gap down possible because of ITC results ?
[15:13] RK : HDFC,LT,DR and HERO managed to hold NF..
[15:13] RK : god buying in these scrips in last 1 hr
[15:14] Tejpreet : RK how do you check buying in these cash scripts.
[15:14] Shai : yes prem erosion is there
[15:14] Tejpreet : Data vendor and most websites track futures only.
[15:14] Shai : Better to go with May options
[15:14] RK : Tej just price action and volumes..Hero way behind ATP till 2 and then a surge same with others
[15:14] Shai : Reason for beraishness is :
[15:15] Shai : 1) BNF is weaker and generally the early mover
[15:15] Tejpreet : Thanks RK.
[15:15] Shai : 2) NF has reached vwap of April and showing profit booking
[15:15] Shai : again it is not for Mon but a positional view
[15:16] RK : welcome
[15:16] Varun : shai bnf top and lvn 🙂
[15:16] Soumya : But isn’t the rate cut expectation holding nifty up?
[15:16] Varun : man
[15:16] Tejpreet : Will go with May puts 8500 at 81 looks good
[15:16] Sharad : so till where can we fall in nifty… i mean support at what price ?
[15:16] Varun : 330 point gone
[15:16] Pawandeep : dow is closed on monday may be thin volume day
[15:16] RK : Axis quick drop of 10rs
[15:17] Shai : almost there – (14:04) Shai :Hold BNF bala for 18376
[15:17] Shai : close out intra
[15:18] Shai : Sharad 8355 spot 1st supp on any fall
[15:18] Shai : 8265 next
[15:18] Shai : both spot
[15:18] Ashish : Shai, BNF carry forward for next week or close out today only.
[15:18] Sharad : ok Thanks
[15:19] Shai : BN spot has to close abv 18600 for upside momentum
[15:19] Shai : close Ashish
[15:19] Ashish : OK
[15:19] Ashish : thanks
[15:20] Sharad : Shai can nifty expiry near 8265.. being a good support
[15:21] Shai : For now it looks like over 8330 spot
[15:21] Sharad : ok
[15:21] Dharamveer : option pain chart shows around 8400
[15:21] RK : 18376:)
[15:22] Shai : Soumya mkt has new information every day – rate cut already in price here
[15:22] RK : FA gone
[15:22] Vivek K : rate cut factored but not ribbon cutting by rajan
[15:23] Shai : 🙂
[15:23] RK : Shai what could be a buffer if any for FA
[15:23] Shai : It was not a text book FA but met 90% of the reasoning
[15:24] Shai : today lows maybe
[15:24] Shai : that neutral extreme is an amazing last hour trade
[15:25] Shai : just have to keep sl at vwap and hold till 3.20
[15:25] Shai : hell or high water 🙂
[15:25] RK : got it
[15:26] Pawandeep : got it
[15:28] Hemant : Can pick up a few puts Shai?
[15:28] Shai : yes
[15:28] Hemant : Got it, Ty 🙂
[15:28] Shai : break of 8430 spot should give 100 points next week
[15:28] Shai : will update on Sun
[15:29] Tejpreet : BN at 40 point discount ..
[15:30] Sharad : Ok Thanks and Bye all
[15:30] Venkatesan : thank you shai , rm and friends
[15:30] Tejpreet : Bye all ..have a nice weekend.
[15:30] RK : thanks and bye all
[15:30] Pawandeep : GOOD BYE all have a good weekend
[15:30] Hemant : Ty Shai, folks have a great weekend!
[15:30] Moses : bye all
[15:31] r m : Thanks and bye folks, have a great weekend 🙂
[15:31] Sudhakar : bye
[15:31] Shai : Bye all
[15:31] Shai : enjoy the weekend
[15:31] Shai : catch up Mon
[15:31] Ashish : Thanks all
[15:31] Dharamveer : happy weekend all