General Chat Transcript
Date and Time: April 23, 2015 09:13:16
[08:44] r m : Good Morning folks!
[08:44] r m : http://vtrender.com/levels-and-plan-for-23rd-april/
[08:44] r m : http://vtrender.com/premium/orderflow-charts-and-notes-2204/
[08:44] r m : Nifty APR Future levels Key Reference Area 8484 Hypo1 above 8485➜8508-10➜8560 SL 8434 Hypo2 below 8424➜8370 SL8485
[08:44] r m : Banknifty APR Future levels KRA 18365 Hypo1 below 18305➜18192➜18075 SL 18370 Hypo2 above 18355➜18440➜18550 SL 18229
[08:45] Porus : GM RM and all
[08:48] r m : Hi Porus
[08:59] Shai : GM all
[09:02] r m : Results today – HDFC Bank
[09:02] r m : Results tomorrow – Infy
[09:07] Sharad : GM all
[09:08] Hemant : GM folks
[09:09] Tejpreet : GM All.
[09:09] Sumit : GM everyone
[09:14] Shai : Watch BNF abv 18360
[09:14] Shai : expected move is 200 points to 18550
[09:15] Shai : buy dips till VAH+ filter holds
[09:16] Vishal : Hi GM All
[09:18] Ashish : GM all
[09:19] Shai : BNF waiting on buyers to come
[09:19] Shai : none seen yet
[09:24] Shai : Not a high confidence open by buyers
[09:24] Shai : 8445 supp
[09:24] Shai : 18324 BNF
[09:24] Shai : both vah
[09:34] Varun : What are the LVN ‘s on upside @shai
[09:36] Shai : 8514/ 8548
[09:36] Shai : 8656
[09:37] Varun : And npoc @shai
[09:37] Shai : 8846
[09:38] Shai : buyers have come at 8484
[09:38] Sharad : what is npoc ?
[09:38] Shai : vpoc not visited
[09:38] Shai : also called naked poc or virgin poc
[09:39] Varun : thanks
[09:39] Sharad : so basically VPOC right
[09:39] Shai : yes
[09:39] Sharad : ok
[09:39] Ashish : Shai, VPOC level on upside in nifty and banknifty please
[09:40] Shai : BNF at 19026
[09:41] Shai : NF at 8846
[09:41] Shai : holding vah at the open – NF can do 8567 today
[09:42] Shai : can buy abv 8514 also or closer to 8465 with stops below 8440 F intra
[09:42] Ashish : 8577 is not VPOC??
[09:42] Shai : positional sl for day is below 8405 F
[09:43] Shai : technically 8577 also a vpoc but since 8464 was slighly bigger and it’s only 1 – 8464 from that day became the POC
[09:44] Ashish : Ok thanks Shai
[09:44] Shai : but 8577 is a nice ref poimt
[09:48] Porus : Shai, what would be pos sl for bnf?
[09:48] Porus : *long
[09:49] Shai : 18190 spot
[09:50] Shai : risk reward not good for positionals in BNF
[09:50] Shai : play the intra move and et’s review the 18470 zone spot
[09:51] Porus : ok. Thanks
[09:51] Shai : basically we go weak below vah today again
[09:57] Hemant : Shai sir, can I buy some calls for target of 8550?
[09:57] Shai : yes
[09:57] Shai : buy on a dip now
[09:57] Hemant : Ty 🙂
[09:58] Shai : we should come back 20 points from 8530
[09:58] Hemant : Ty 🙂
[09:58] Shai : buy vwap
[09:59] Shai : 18486 is the buy abv number for day sl of 18435 tgt of 18550
[09:59] Shai : 8530 F buy abv number in NF sl of 8499 tgt 8567
[10:17] Tejpreet : (09:58) Shai :buy vwap
[10:17] Tejpreet : Can we buy now or above 8530
[10:19] Rahul G : shai the zoomed too much
[10:19] Rahul G : can you compress this a bit
[10:35] Ashish : small buyers coming??
[10:36] Amit J : buy here ?
[10:36] Ashish : buyers at 8458…shai please confirm
[10:37] Shai : no wait
[10:37] Ashish : ok
[10:39] Amit J : buyers?
[10:39] Shai : no
[10:41] Shai : Not enough of a buying response
[10:41] RK : GM Shai,RM and all
[10:42] r m : @Shai, whenever you get time please give levels for infy – for tomorrow 🙂
[10:43] Shai : willd rop to 84233
[10:43] Shai : 8425
[10:43] Shai : gotten weaker below vwap
[10:43] Shai : looks like yesterday players cashed out 8482
[10:44] Shai : ok rm – will update
[10:44] r m : Thanks
[10:45] Ashish : Shai, Engineers india also when you get time
[10:45] r m : (*** Private to RK ) Hi RK, my msgs getting delayed (I mean display at my end)
[10:48] Shai : Sll BNF 18295 tgt 18195 sl of 18365
[10:51] Hemant : Shai sir, switch to puts now?
[10:51] Hemant : What targeton spot?
[10:54] Shai : Hemant no confirmed downside till 8405 breaks
[10:54] Shai : 8405 F
[10:55] Hemant : Right on sir
[10:55] Shai : yesterday’s buyers have given up at 8480 today
[10:55] Shai : so we” add shorts on rises now and look for lows to be visisted again
[10:56] Hemant : This was a jolt
[10:56] Shai : yes sharp down below vwap
[10:56] Shai : 8484 F KRa not held
[10:56] Shai : even NF below 18350 again
[10:56] Shai : BNF*
[10:57] Hemant : 8405 on NF must be broken for a breakdown
[10:57] Hemant : So its barely above it
[10:58] Shai : RM- Infy looks set for a bounce on Mon
[10:59] Shai : holding 2050 sl tom I think the better idea is to go in long calls
[10:59] Shai : 2122 now
[10:59] r m : Thanks Shai
[10:59] Shai : but max upside seen is 2300
[10:59] r m : ok
[11:00] Shai : 2050- 2300 into earnings
[11:00] Amit J : shai plz refresh chart
[11:04] Shai : buyers at 8428
[11:05] Vishal : @Shai are referring to 46475 buyer?
[11:05] Vishal : at 8428
[11:06] Shai : NF buy abv 8446 tgt 8477 sl 8423
[11:07] Shai : this is not fgoing to be an easy expiry- there are 2 sets of institutions out to get each other
[11:08] Hemant : Thats bad and yet exciting
[11:09] Shai : seller is agan stronger on day and will hold 8484 today on rises
[11:09] Shai : buyyers below at 84250 8405
[11:09] Amit J : shai can you pl referesh again, cant see delt in nifty
[11:09] Amit J : ok
[11:10] Shai : 8406F has to be broken for downside confirmation
[11:10] Hemant : Shai sir, on spot can expect 8460 right?
[11:11] Shai : spot 8375 positional supp
[11:11] Shai : yes about 8464
[11:11] Hemant : Great! Thank you
[11:18] Shai : more sellig now
[11:18] Shai : engineers india see 208 as positional res
[11:19] Shai : intra day today strong as lng as 198 holds
[11:19] Ashish : Thaks Shai
[11:19] Shai : below 195 trade is t0 185 sl 198
[11:20] Ashish : ok
[11:34] Amit J : shai short here
[11:35] Hemant : Its below 8405 Shai sir,
[11:35] Hemant : New targets on nifty please
[11:36] Shai : 8370 NF
[11:39] Shai : 8253 f tgt is we close below 8370 today
[11:40] Shai : I still think it will be 2 way street from here with high volatility
[11:40] Shai : position size
[12:11] Tejpreet : Shai How is Asian Ppaints for id longs .
[12:13] Shai : asian no longs till 794 is crossed then sl of 789 tgt 801
[12:13] Shai : NF getting resisted at VAH
[12:14] Shai : That seler is again strong today from 8482
[12:14] Tejpreet : Thanks for Asian lvls
[12:14] Shai : BNF not strong till 18360 F crosses
[12:14] Shai : both holding vpoc til now
[12:43] Amit J : big buyer
[12:44] Varun : amit look at 15 min
[12:44] Shai : no buy stops taken
[12:44] Shai : going down now
[12:44] Shai : vah not shown buyers
[12:45] Varun : shai cn u refrsh 15 min
[12:45] Amit J : what was that 122800
[12:45] Shai : now upto yesterday buyers to respnd neat val
[12:45] Varun : this is a scam happens every day
[12:45] Vishal : wow that was gr8 learning to me
[12:45] Vishal : big buyer turns seller
[12:45] Shai : 122800 is an aggressive mkt buy order
[12:46] Vishal : not sure what this happens
[12:46] Shai : mostly absorbed by sellers hence sl
[12:46] Vishal : may ne @Shai can explain this for learning lession
[12:46] Shai : ?
[12:46] Vishal : got it
[12:46] Vishal : you already explained
[12:47] Vishal : thnx
[12:49] Tejpreet : Vix shot up to 19.18
[12:49] Shai : now buyers again
[12:50] Tejpreet : Options will loose premium pretty fast by Monday
[12:50] Shai : BNF stuck 18320- 18190
[12:51] r m : 🙂
[12:51] Shai : vix 19.34 res
[13:05] Ashish : Guys, where I can get vix live charts.please advise
[13:08] r m : it is there in trading terminal if you are using NEST
[13:08] Ashish : ok, thanks
[13:10] Amit J : fin.google.com
[13:10] Tejpreet : RM any suggestion on Nest Trader v3.11.2 …prices lag fequently and I have to refresh broadcast again and again …am running it on Win 8 64 bit.
[13:10] Amit J : ticker indiavix
[13:10] Ashish : Thanks Amit
[13:11] r m : @Tejpreet, it may be due to issues at broker’s end too or lack of bandwidth
[13:12] Tejpreet : Chk bandwidth no issues …wguess will have to chk with RKSV .Thanks.
[13:12] r m : but NEST orders are always executed in time, the broadcast lags behind at times
[13:13] Tejpreet : True buying selling no issues.
[13:13] r m : Another issue with NEST is it hogs memory, mine stops working after hogging all the RAM sometimes 🙂
[13:14] Tejpreet : I always chk prices on Amibroker side by side to nest.
[13:15] r m : ok
[13:34] RK : Shai where is Scene of crime of yday’s upmove..should be here around?
[13:34] Shai : big round of selling
[13:34] RK : all yday buyers are winding up
[13:34] Shai : 8364
[13:34] RK : thanks
[13:34] Hemant : Met the objective:)
[13:36] Shai : 8368 big seller
[13:36] Shai : another round of selliing below 8368 for 8338
[13:38] Shai : that buy vol y’day between 8388- 8338 all uner threat – http://vtrender.com/wp-content/uploads/2015/04/NF_tick13.png
[13:38] Shai : under*
[13:41] Shai : today’s selling from 10.40 caught all the early buyers by surprise-
[13:42] Shai : today- http://screencast.com/t/L3h9mmugyE52
[13:45] Hemant : Sir it might visit 8364 again ?
[13:49] Tejpreet : Shai any trades for infy …looking at 2150 put call combo around 125.
[13:50] Shai : Hemant sl is 8447 F
[13:51] Shai : Tejpreet I see 2050- 2300 as range
[13:52] Shai : yes that put call may be right in terms of range
[13:52] Tejpreet : More than 5 % move should make it profitable.
[13:52] Shai : there are some more buyers now
[13:52] Shai : biggest since open hour
[13:53] RK : Shai nearer obj for Tata steel long pls
[13:54] Shai : tata steel extended at 368
[13:54] r m : (*** Private to Tejpreet ) (10:58) Shai :RM- Infy looks set for a bounce on Mon (10:59) Shai :holding 2050 sl tom I think the better idea is to go in long calls
[13:55] Shai : 383 remote but sl for that is 353
[13:55] RK : next one Shai if this surpassed
[13:55] RK : yeah thats fine..thanks
[13:56] Shai : shorts of the morning hold 8447
[13:59] Amit J : hdfc bank view? getting buy call
[14:01] Shai : 1025 res – cross can send it to 1052 and then 1098 abv 1052 supply
[14:06] Shai : Most probabably a close at day low
[14:06] Shai : possibly 8338
[14:07] Shai : sl is 8446
[14:07] Shai : beware of 2.30 player
[14:08] Hemant : That player is a buyer?
[14:08] r m : yet to disclose his hand 🙂
[14:08] Amit J : shai if long bng what should be sl
[14:08] Amit J : bnf
[14:09] Shai : 18165
[14:09] Shai : bew that odds of 19000 higher
[14:10] Shai : can add 20 point filter to 18144
[14:10] Amit J : thks
[14:13] Tejpreet : Amit Hdfc Bank results post market?
[14:14] Amit J : it should come in mkt
[14:14] Tejpreet : Thanks.
[14:14] Amit J : m&m fin post mkt
[14:14] Amit J : both should be good
[14:21] Hemant : Silence before the storm
[14:23] Ashish : 2:30 buyer came???? a bit early
[14:24] Amit J : BN at VAH
[14:24] Hemant : Looks like the game has started a bit early
[14:25] RK : Hero again something cooking..20 rs spike down in a flash from 2373-2355 and moving up now
[14:26] Tejpreet : RK I think hero is a safe long in May series …lot of spikes and shakeout in it.
[14:26] Tejpreet : Heard targets of 2550 to 2600 on it.
[14:28] RK : Thanks Tejpreet..no position there but watching it closely
[14:29] Amit J : shai neutral extreme possible
[14:29] Amit J : ?
[14:29] Shai : can’t rule it out
[14:29] Tejpreet : Me too just watching got out yesterday in it 🙂
[14:30] RK : 100 off from lows..NF doing rounds of 100 now 🙂
[14:30] Hemant : Smashed it..
[14:30] Hemant : 2:30 exact got pulled back
[14:30] Amit J : we are above vah
[14:30] Amit J : in both
[14:31] Hemant : Shai sir whats the target for this drive on spot?
[14:31] Shai : 8483 F original seller
[14:31] RK : Tejpreet I was short from 2600 but made poor exit at 2420 as it made further low about 2300 🙂
[14:31] Shai : Hemant 2 way mkt will test extremes
[14:32] Shai : I think we are 8338- 8580 till expiry
[14:32] Shai : F
[14:32] RK : Its Jackie chan mkt..can kick with both legs 🙂
[14:32] Shai : lol
[14:32] Shai : My broker saying traders have chosen to stay off
[14:33] Shai : Big boys slinging it
[14:33] Tejpreet : RK in this volatile mkt making profit is good enough with SL being hit both ways.
[14:33] RK : tejpreet..true
[14:33] Shai : If you look ar RM’s data sheet it is a clash btw 2 sets of institutions and even Fii’s are divided
[14:34] Tejpreet : Looks like big boys wanna settle scores this week only …expiry week could be dull.
[14:35] Shai : 2.30 player has started red
[14:35] RK : 8370 now?..FP chart getting tallied then and there between 15 mins
[14:36] Shai : mess of a profile
[14:37] Shai : today’s seller 8483 – y’day 2 buyers at 8338 and 8365
[14:37] Shai : ping pong
[14:37] Hemant : Sir puts and call all screwed up today
[14:37] r m : 🙂
[14:38] Shai : Yes Hemant – not really tradeable
[14:38] Shai : we wait for some sanity
[14:39] Hemant : Booked some decent losses, not worth treading on this path today
[14:40] Hemant : Hunterrrs 🙂
[14:41] Tejpreet : Volatility to take SL , maybe sanity returns post infy results …up or down but make it a one way trip 🙂
[14:43] Shai : 8403 back
[14:43] Tejpreet : As per heckyl Hdfc bank showing short covering since last 1 hour .
[14:45] Hemant : For a noob like me this has been an amazing experience.. market is full drama. Paisa vasool stuff! As thrilling as a Bond movie 🙂
[14:53] Tejpreet : HDFC results in
[14:54] Shai : abv vah being sold – means it has to go lower
[14:54] Shai : but mkt attacking smaller stops and hence trade mgmt is very difficult
[14:55] Porus : HDFC bank NP up but loss provisions up by c. 30%
[14:56] Tejpreet : Results look good but let us see mkt response.
[15:01] Shai : 8433 vwap – fair price to close and truce?
[15:10] Vishal : 14:33 Shai : If you look ar RM’s data sheet it is a clash btw 2 sets of institutions and even Fii’s are divided
[15:10] Vishal : @ Shai sheet you were refering… pls share the link
[15:11] Shai : all data in docs folder in right bottom
[15:12] Vishal : OK. Thanks Shai
[15:19] Shai : quitened down quite a bit n last 30 misn
[15:19] Shai : dpoc shifted down
[15:19] Hemant : Shai sir, not sure if my interpretation is correct, this market is supposed to go down.
[15:19] Shai : close below 8446 slightly bearish
[15:19] Hemant : all that talk was yesterday on relief rally was trap setting?
[15:20] Shai : no it was news based covering of shorts
[15:20] Shai : shorts are back at higher levels again today
[15:20] RK : but we had good follow up open today
[15:21] Shai : yes but should have held the neutral extreme high
[15:21] Shai : and vah on the break below
[15:21] Shai : the pull back at 2.20 also stopped near yesterday highs
[15:22] RK : yes
[15:22] Porus : Shai, is there a good case to carry nf, bnf shorts to tomorrow?
[15:22] Shai : yes
[15:22] Shai : open could be dull tomorow but last hour can swing a bit
[15:22] Shai : open and 1st half
[15:23] Porus : OK
[15:25] Hemant : Continuation of weakness since NF below VAH?
[15:25] Hemant : 09:51 Shai : basically we go weak below vah today again
[15:26] Shai : yes
[15:26] Shai : a mkt staying abv vah is strong
[15:26] RK : last min sellers
[15:29] Hemant : Screw them machines
[15:30] RK : thanks and bye all 🙂
[15:30] Shai : bye all
[15:30] Shai : have a nice evening
[15:30] Tejpreet : Bye All.
[15:30] r m : Thanks and bye folks, have a great evening 🙂
[15:30] Vishal : Bye all..Hv gr8 evening
[15:30] Hemant : Tata 🙂
[15:30] Ashish : Bye all
[15:30] Porus : bye all