OrderFlow charts and Notes 24/08/15

[08:37]   r m : Good Morning folks!
[08:37]   r m : http://vtrender.com/levels-and-plan-for-24th-aug/
[08:37]   r m : http://vtrender.com/nifty-bn-weekly-view-spot-for-24-aug-28-aug15/
[08:37]   Rajasekharan : good morning r m
[08:37]   r m : Hi Rajasekharan
[08:37]   r m : http://vtrender.com/orderflow-charts-and-notes-210815/
[08:37]   r m : Nifty AUG Future levels | Key Reference Area 8150 | Hypo1 above 8180➜8217➜8254 SL 8140 | Hypo2 below 8140➜8078 SL 8186
[08:37]   r m : Banknifty AUG Future levels | KRA 17685 | Hypo1 above 17859➜17954 SL 17759 | Hypo2 below 17627➜17472 SL 17755
[08:38]   r m : Nifty Spot Weekly levels | Support 8132/8017/7940 | Resistance 8320/8386
[08:38]   r m : Banknifty Spot Weekly levels | Support 17720/17683/17340/17125 | Resistance 18154/18380
[08:47]   Chandrashekhar : GM r m
[08:48]   r m : Hi Chandrashekhar
[08:49]   Ashish : GM Rm and friends
[08:50]   r m : Hi Ashish
[08:51]   Manthan : Gdmng, RMji and Everyone
[08:51]   Moses : GM All
[08:52]   r m : Hi Manthanji 🙂
[08:52]   Ashish : Will be a dark red day today RM
[08:53]   John : GM all
[08:53]   Tejpreet : GM All.
[08:53]   r m : looks like that, but buyers do appear on such days – so we have to be alert for that
[08:54]   Ashish : OH yes, will be looking for that Guruji…
[08:54]   Ashish : https://www.youtube.com/watch?v=HD1I-UkASrQ
[08:55]   Ashish : Listen this and enjoy before action begins 🙂
[08:58]   Manthan : Mo Target -125???
[08:59]   r m : @Manthan, that one has no targets 😀
[08:59]   Tejpreet : RM can you let us know the yearly spot low.
[08:59]   r m : sure Tejpreet
[08:59]   Vikkas C : GM all
[09:00]   Chandrashekhar : 7940.3
[09:01]   Tejpreet : Looking at dow futures now 470 down …..let us not hurry and jump in to buy 🙂
[09:01]   Sharad : GM all
[09:01]   r m : going by 12 month period 7540 last august, 2015 low as given by Chandrashekhar
[09:01]   r m : Yes Tejpreet, I’ll buy only when Shai says so 🙂
[09:01]   Tejpreet : Thanks RM n chandrashekhar.
[09:02]   Manthan : 52 week is 7724, last Oct
[09:03]   Tejpreet : Shai if you look at MP now …did it give any hint of this coming downfall last week ?
[09:05]   Prakash : gm all
[09:05]   Aayush : gm all
[09:06]   Srini A : GM All
[09:06]   Vikkas C : did anyone buy 8200pe on friday ?
[09:06]   r m : thodi see 🙂
[09:06]   Vikkas C : nice RM 😉 lottery
[09:07]   Naveen : yes vikas..i did..but a very small qty though …:)
[09:07]   r m : @Vikkas, yes, i bought it with 20-30 points in mind 🙂
[09:08]   r m : but there is a price freeze at 111 i think, hope nse unfreezes quickly!
[09:11]   RK : GM Shai,RM and all
[09:11]   r m : Hi RK, hope the whole bouquet was short on friday?
[09:12]   RK : RM ssshhh!! 🙂
[09:12]   r m : lol
[09:12]   RK : we both are famous for jinx 🙂
[09:12]   r m : 😀
[09:13]   Vikkas C : no pls rm
[09:13]   RK : jus kidding..yes to your q 🙂
[09:13]   Vikkas C : no circuit limit on options 🙁
[09:13]   r m : @Vikkas, there is no circuit limit on futures and options but there is a price freeze and it takes some time to unfreeze the price
[09:14]   Prakash : Y nobody hinted of 8200pe on friday !!!
[09:14]   Shai : GM all
[09:14]   r m : it works in favor of writers and against us poor buyers 🙂
[09:14]   Augustin : GM all
[09:17]   r m : all pes frozen at limit
[09:17]   Augustin : Anyone made money??? 🙂
[09:18]   r m : i won’t sell at 111, minimum 200 🙂
[09:18]   Augustin : LOL
[09:18]   Gaurav : Anyone facing problems with 8100 put?
[09:19]   r m : no problem Gaurav, there is a price freeze, waiting for it to open before some maverick starts buying Nifty 🙂
[09:19]   Shai : There will be a price freeze on puts
[09:20]   Shai : so you can’t book profits at open even if you had any 🙂
[09:20]   Shai : sharp moves
[09:20]   Gaurav : I did. And i Cant book profits. Damn
[09:20]   r m : yes, I hope LIC wakes up late 🙂
[09:20]   Shai : 8005 and 7919 supports to watch
[09:20]   Augustin : Look at the bid qty for 8000PE 🙂
[09:21]   Gaurav : But atleast for toher strike price the open proice is huge , in 8100 its the same
[09:24]   Shai : I’ll kepp 5 min chart on larger mode- refer to volume numbers on the 30 min as price move is sgarp
[09:24]   Shai : sharp*
[09:24]   Shai : vix at 24.3 and usdinr 66.5
[09:25]   Shai : this is not just an equity panic
[09:25]   Sankar : GM RM, Shai and everyone 🙂
[09:25]   Shai : 8071 cross will relieve some pressure on buyers
[09:26]   Sankar : Shai, you positional view of carrying puts helped. Any trailing SL for positionals?
[09:26]   Shai : 8005 imp on ay to hold else we are looking at new year lows
[09:26]   Shai : 8182 all week
[09:26]   Sankar : Ok sure. Thanks.
[09:26]   r m : Hi Sankar
[09:29]   RK : first time in 2015 had a chance to sq off basket 🙂
[09:29]   Soumya : What do you mean by this is not just an equity panic?
[09:29]   Soumya : More worse?
[09:30]   Shai : yes more fear
[09:30]   Shai : type of an OAOR
[09:30]   Sandeep : 8200 pe started to trade
[09:30]   Shai : 8005- 8071 range
[09:32]   Shai : the problem with dip buyng an OTM sept call is that a vix drop will erode the premium even on a 100 point rise
[09:33]   Prakash : sha5, OAOR means ..
[09:35]   r m : Open auction outside range
[09:35]   Shai : should come back and settle at vwap
[09:37]   r m : Current MO -91, but better to wait till EOD for taking any MO based trade
[09:37]   Sankar : True. upmoves vix will erode.
[09:39]   Shai : 66.73 WEEKLY res on usinr aug f
[09:39]   Shai : equitu will be in trouble if that crosses
[09:40]   Shai : so far looks like it will hold on open type
[09:40]   Aayush : what is the premium like in fut.. ?
[09:40]   Shai : we will initiate counter trend longs abv 8075 for 8150/ 8180 with sl of 8032 vwap- only for risky traders
[09:41]   Shai : if long here sl will be below 7999 F
[09:41]   Sandeep : and if short then to cover at what point 8075 nf?
[09:42]   Shai : yes break of IBH would mean buyers are getting in
[09:43]   Shai : this vlume is bigger that the one we had on friday at open
[09:44]   Gaurav : 8100 open . Booked 🙂
[09:46]   Hemant : Shai, 8200 and 8300 PE whats the resistance? booked part, good trade today
[09:46]   Shai : Good one Gaurav went from 18 to 100
[09:46]   Shai : Nifty spot support at 8017
[09:47]   Shai : below that 7940
[09:50]   Shai : 8200 pe res at 214 and 267 supp at 113
[09:51]   Shai : 8300 pe 324 res
[09:51]   Hemant : Wow! Booked a bit early it seems
[09:58]   Shai : top of the bar at 8065 has sellers coming back
[10:04]   Shai : a close at the lows today can be a good signal for contra purchases again
[10:04]   Shai : so it looks like it will be quiet from here to Europe open
[10:05]   Shai : OAOR playing out fully
[10:06]   Vikkas C : RM whats MO right now ?
[10:07]   Shai : vix has cooled down to 21 from 24
[10:07]   Shai : earlier in the hour
[10:07]   Shai : USDINR below IBL for now
[10:07]   Uttam : currency will make the first move here before we get any reversal in Nifty?
[10:08]   Vikkas C : -91 on MO ..damnnn
[10:08]   Vikkas C : seeing this lvl after ages
[10:08]   r m : @Vikkas, MO still at -91
[10:08]   Vikkas C : just saw it RM..thanx 🙂
[10:09]   r m : this is a moving average, will not move much beyond this in negative direction, only 84 advancing stocks right now 🙂
[10:10]   r m : I mean won’t move much in negative direction today
[10:10]   Shai : No Uttam currency is a larger play to see if RBI is intervening
[10:10]   Shai : then if mkts see there a short covering rise can come
[10:10]   Shai : Not intra day- we are just watching inter mkt dynamics
[10:11]   r m : @Vikkas, if 84 advancing stocks drop to zero even then MO will be at -97
[10:11]   Shai : Nice RM- have to check the 84 breavehearts who are advncing today 🙂
[10:12]   Uttam : ok Shai, thanks for the clarification
[10:12]   r m : @Shai, lol
[10:12]   Aayush : haha.. shai u mean fall in line? 😛
[10:13]   Shai : Rajan bought all thse dollars at 60- 61 – when is he going to sell?
[10:13]   Shai : 66 now- best trader award
[10:14]   r m : lol
[10:14]   RK : so he has killed in that trade 🙂
[10:14]   r m : yes RK, that is how RBI gives dividend to govt, by not letting INR climb too much 🙂
[10:15]   r m : and people think that RBI is supporting INR 😀
[10:15]   Shai : Aayush they are not marching to the China beat 🙂
[10:15]   Hemant : Shai. can this dip be bought for some calls in Sep?
[10:16]   Shai : Hemant if you want to go contra then you will have to make a spread here to eliminate vix effect
[10:16]   Shai : buy 8200 and sell 8500 x 2
[10:16]   Aayush : june low supportin bnf. Dbl bottom..
[10:17]   Hemant : Sounds good
[10:17]   Shai : but 8065 has new sellers so still that 8075 cross minimal condiftion from here
[10:18]   Shai : (09:58) Shai :top of the bar at 8065 has sellers coming back
[10:18]   Hemant : Ok Shai, time to wait it seems while the markets milks the premiums 🙂
[10:19]   Shai : 8050 ce being written heavily
[10:20]   Shai : buyer at 8000
[10:20]   Aayush : shai any short below lvl?
[10:20]   Shai : could be a cover order for the short trade
[10:21]   Shai : can do 8035w with sl below 7995
[10:21]   r m : Was just checking who was the bakra in this fall, PROps were the one who were long on 125K CE contracts and short on 504K CE contracts since Aug series began 🙂
[10:21]   Shai : Aayush short below is IBL if selling volumes are there
[10:22]   Shai : and in Futures?
[10:23]   RK : 7996 below 8000..RM how many times same script? 🙂
[10:23]   r m : Clients were caught in futures
[10:24]   r m : @RK, hit till it breaks 🙂
[10:24]   RK : test coming here for Varun
[10:24]   r m : writers must be protecting it frantically 🙂
[10:25]   RK : 🙂
[10:26]   RK : so that HDFC sec folk has got it 3 days ahead # 8000 🙂
[10:26]   Shai : 8040 selling is still there for the buyer
[10:26]   Shai : wow RK- that was indeed nice
[10:27]   RK : Yes Shai..he will die for waves henceforth..amazing accuracy 🙂
[10:28]   Vikkas C : buyers coming in at lows shai ?
[10:29]   Soumya : What would be the best level to go long? Near 7940?
[10:29]   Shai : Sell NF in 2 parts at 7975 and at 7995 sl of 8025 tgt 7030
[10:29]   Vikkas C : 7030 WTF
[10:29]   Gaurav : Trget what?
[10:29]   Vikkas C : 😉
[10:29]   Uttam : 7930
[10:29]   Hemant : ???
[10:29]   Shai : (10:29) Shai :Sell NF in 2 parts at 7975 and at 7995 sl of 8025 tgt 7930
[10:30]   RK : Guys jumping instantly on that typo 🙂
[10:30]   Vikkas C : :p
[10:30]   Gaurav : Anything possibe here, thats why lol
[10:30]   Vikkas C : woth typo RK i remeber shai’s typo of 8540 and mkt oblidging
[10:30]   Vikkas C : will it oblidge again
[10:30]   Vikkas C : haha
[10:31]   Shahid null : 🙂
[10:32]   Shai : BNF very untradeable here
[10:33]   Uttam : what would be the TSL for shorts on BNF here?
[10:33]   Shai : vwap
[10:33]   Uttam : 17292
[10:33]   Uttam : + filter?
[10:34]   RK : BNF is the only miss in this fall..short from 18600 very bad exit at 18300 🙂
[10:34]   Tejpreet : Finally able to log in !
[10:34]   Sandeep : shai ce prices not falling of current month
[10:34]   Sandeep : what does it mean
[10:35]   Sandeep : NF fell 100 points but hardly change of 5 and 10 in 8100 & 8000 ce
[10:35]   Tejpreet : Checked on all browser and refreshed cookies but no luck.Then switched from airtel to bsnl and logged in. Guess airtel is blocking your site …mistaking it for some porn 🙂
[10:35]   r m : while falling vix rises so less impact on optionis
[10:36]   r m : *options
[10:45]   Shahid null : If we opted for weekly put options last week, could have tapped max in this move
[10:48]   Vikkas C : shai can we pls have numbers on the 5 mins chart
[10:49]   Shai : Shahid this fall looks bigger in hindsight and it is but alwys difficult to catch these 3 sigma moves at the top
[10:50]   Shai : the person who makes money is the one who opens a positiona nad is willing to hold never mind the volatility which will increase as the fall progresses
[10:51]   RK : esp after the volatility which we have seen in last 30 mins of Friday
[10:53]   r m : (*** Private to RK ) Looks like that Black Dog on Friday was well earned 🙂
[10:53]   Kathir : GM Shai RM all friends 🙂
[10:53]   Shahid null : Sahi, Only one request. if Some more alerts or Views are posted on twitter, May be some of members are not always in trading room. Our most calls were counter trend buy call. But views regarding support were discussed which can be posted on twitter. Also update on pink-green line can help in filtering trade.
[10:53]   r m : GM Kathir bhaiyya 🙂
[10:54]   Kathir : @RM pls stop selling 🙂
[10:54]   Ashish : Anyone holded Kris’s August 7900 PE which he advised in JUly?
[10:54]   r m : lol
[10:54]   Shai : 7919 last supp
[10:54]   r m : @Ashish, Kris himself exited those in profit long time back 🙂
[10:55]   Uttam : Shai 7930 here hold on to intra shorts or book?
[10:55]   Shai : vix 25
[10:56]   Ashish : I though he told to hold some, anyways a brilliant trade given by him 🙂
[10:56]   Shai : Uttam part book
[10:57]   Shai : NF near tgt 1- part book and keep sl near 7985 on day
[10:57]   Uttam : rest TSL to cost or 8025 itself?
[10:57]   r m : yes, but the reason for the trade was to control decay, the trade was given in June end and Jul options decay very fast in first week of series so he chose AUG series
[10:57]   Uttam : okies thanks
[10:57]   Shai : when we part book – sl is always around cost price on balance
[10:57]   Uttam : okies
[10:58]   Shai : vix 25 usdinr back at IBH
[10:58]   Kathir : @RM no wasting time – bought 8000 ce @ 84 part booked 92 🙂
[10:58]   r m : wonderful Kathir 🙂
[10:58]   Ashish : ok RM..
[10:59]   Kathir : based on Shai’s words – last supp 7919 ..Sl
[10:59]   r m : @Kathir, i traded 7900PE from 31 to 91 but microest quantity possible 😀
[11:01]   Kathir : @RM super trade congrats..i missed all PE trades last week
[11:02]   r m : Thanks Kathir, now waiting for TTB calls from you 🙂
[11:03]   Kathir : 🙂
[11:04]   Kathir : @RM exited all @ 99
[11:04]   Suyash : does anyone remember if we had a failed auction near 7930 the last time we came here?
[11:05]   r m : good trading Kathir! Now will have to come to Coimbatore for that long awaited party 🙂
[11:05]   RK : 7935 was FA if am correct
[11:05]   RK : let me dig Shai’s old medium term view
[11:05]   Soumya : Does this look like bottom shai?
[11:05]   Kathir : @RM first we settle the deal with RK – all his patients died
[11:06]   Chandrashekhar : Shai have some long at 7937, what should be the sl
[11:06]   Suyash : Yes RK. I think we just revisited that
[11:06]   Shai : 7915
[11:06]   Kathir : @Shai can we go short near 8000
[11:06]   Shai : safe abv 8005 only
[11:07]   RK : Kathir all the patients discharged and clinic is closed for next few days 🙂
[11:07]   Shai : Can short here with sl of 8010 tgt 7930 again
[11:07]   Hemant : All PEs below 8100 jackpots of the series 🙂
[11:08]   Chandrashekhar : ok, out at 7987#good 50 points 🙂
[11:08]   Hemant : Today is instant money day 😛
[11:08]   Shai : if you see the 30 in charts that selling near 8040 is big
[11:09]   Shai : 10.15 bar
[11:09]   Kathir : @RK 🙂
[11:11]   Tejpreet : 10 pointer August 7500 put sold at 22 covered now 11 odd.
[11:12]   RK : ok..that med term FA is at 7723..Shai possible to go there in the coming weeks if we break 7940 levels.
[11:12]   RK : http://vtrender.com/levels-and-plan-for-26th-dec/
[11:13]   Shai : RK most likely 7900 may not break
[11:13]   Shai : I hd a yearly view 8000- 9000 on the blog in Jan
[11:14]   Shai : but if it does we may see levels of upto 7200
[11:14]   Uttam : whoa…
[11:14]   Shai : BNF back at vwap
[11:14]   Shai : hope all are trading smaller sizes today
[11:15]   Shai : not a day to go big
[11:15]   Uttam : yep
[11:15]   Shai : even a 4 lot order can change from -10000 to +10000 in 5 mins
[11:15]   Shai : in BNF
[11:16]   RK : thanks Shai for this view..always your macro levels help 🙂
[11:16]   Shai : welcome 🙂
[11:17]   Hemant : Curtains 🙂
[11:18]   Aayush : ??
[11:18]   Shai : 2 mins-please bear
[11:19]   RK : Chandrasekar that 7937 was a awesome buy..bravo! 🙂
[11:21]   Kathir : yeah..
[11:22]   Shai : exit the NF short trade
[11:22]   Shai : trade not looking safe
[11:23]   Shai : may fallen at vwap now
[11:23]   Chandrashekhar : ytd low helped to get in 🙂 now only above 8075 longs
[11:23]   Shai : faltten**
[11:23]   Uttam : exited
[11:23]   Tejpreet : Shai can we have numbers on Nifty 5 min.
[11:23]   Sankar : Shai, prime levels hasn’t changed and we are bouncing from PS3. and your yearly view says 7900 may not break that easy. safe to close positional trades completely?
[11:24]   Tejpreet : Thanks Shai.
[11:25]   Shai : Sankar always jeep a small qty open at your initial cost price- it does not hurt
[11:26]   Shai : keep*
[11:26]   Sankar : Okie. will keep only 25% open then. Tx.
[11:31]   Shai : 8017 spot now res
[11:33]   Chandrashekhar : shai, can we get into positional longs with stop below7910, or its not the time to do such stunts
[11:33]   Shai : no not now
[11:33]   Ashish : Shai, fresh sellers now?
[11:33]   Chandrashekhar : k, pls let us know when pos buy triggers
[11:33]   Shai : (10:04) Shai :a close at the lows today can be a good signal for contra purchases again
[11:34]   Shai : yes new sellers again
[11:34]   Shai : this is just one big rollr coaster
[11:35]   RK : Yes new sellers would come in and value buyers emerge here and also defend existing posns..so tricky spot this one 🙂
[11:37]   Sankar : just feel lucky, we had some short triggered on thursday. otherwise, mentally will be difficult to digest this.
[11:37]   Sankar : But long term, if we are in trading business, shud be prepared for it 🙂
[11:49]   Kathir : @sankar yes – i am lucky otherside – wed eve is asked whether to hold ce – he said no then i exited and back today only – it is zero now 🙂
[11:49]   Kathir : thanks to Shai
[11:50]   RK : as RM says its good that option trades stop at 0 🙂
[11:51]   Sankar : Nice Kathir 🙂
[11:51]   Kathir : @always obey master’s words 🙂
[11:52]   Shai : Sell NF again 7980 sl of 8015 tgt 7930
[11:55]   Shai : vwap has shown new sellers and though it will not be a quick move like last time we will hold the short as below IBL and vwap
[11:56]   Uttam : yep 🙂
[11:57]   Shai : BNF can do 17110
[12:13]   Shai : Book 50% profit in NF short at 7955 bring bal to 7982
[12:13]   Kathir : ok shai
[12:13]   Shai : move tgt 2 to 7910
[12:14]   Shai : 7955 has that old buyer for 10.45 – if he come s back he may attmept a push up again
[12:15]   Shai : so far not in
[12:19]   Shai : this selling from 8000 vwap is again heavy and we can see 7910
[12:23]   Ashish : Shai, any level to add short positions to exisitng ones?
[12:24]   Shai : dip buyers again 7945
[12:25]   Shai : Ashish a move below 7910 may induce panic and hence tat is the best one now
[12:25]   Shai : else near vwap with a 20 point stop
[12:25]   Ashish : Ok Shai, got it..thanks
[12:27]   Kathir : @shai NF volumes huge??
[12:31]   Shai : yes Kathir
[12:32]   Shai : 7944 and 7955 first buyers for slide from 8000 vwap
[12:32]   Shai : about 8000 in Sept
[12:36]   Shai : dax at 9800
[12:36]   Shai : all of US must be also wide awake now
[12:37]   Aayush : shai, shall try once again at 7980 or leave it?
[12:37]   Shai : 45 handles is the ES loss on day , surely enough to rob traders of their sleep
[12:37]   Shai : Not here Aayush- we are flat now
[12:37]   Aayush : ok
[12:45]   Shai : usdinr 66.70 aug
[12:45]   Shai : vix 23.84
[12:45]   Uttam : NF making hihg of 7981.4
[12:46]   Shai : the sharpness of the pull back in usdinr would mean that the RBI is not yet in and mkt still playing
[12:47]   Aayush : RRR: unduly boosting market mood nt work of RBI. maybe thats why spiked
[12:47]   Shai : 66.76 is the res
[12:47]   RK : so still lows are possible with NF
[12:49]   Shai : yes we may close at lows sl for the view is vwap+20
[12:51]   Shai : http://www.livemint.com/Money/vkVT97q7CJR3B8hCAa4HdM/Raghuram-Rajan-says-ready-to-use-reserves-to-stem-rupee-vola.html
[12:51]   RK : he may punch his orders any time 🙂
[12:52]   r m : 🙂
[12:53]   Shai : what he is trying to say that his MTM is exactly 25 billion $ at this moment 🙂
[12:53]   r m : lol
[12:53]   Hemant : 🙂 lmao
[12:53]   Kathir : LOL
[12:53]   Hemant : one of the richest chaps
[12:54]   RK : beats everyone in the league 🙂
[12:54]   Aayush : one of the smartest chaps hemant bhai
[12:55]   Shai : http://screencast.com/t/YmSuUCsyWkM
[12:56]   Shai : RBI can come tomorrow morning at open I feel
[12:56]   Ashish : Or maybe at today’s close Shai
[12:56]   Shai : if usdinr stays abv 66.55 now it will end 5 pm at day highs
[12:56]   Varun : @shai whats vwap
[12:56]   Shai : possible Ashish
[12:57]   Shai : but in the last run to 69 they used to operate mornings
[12:57]   Shai : onnce or twice around 11
[12:57]   Aayush : today close at LoD for NF will get lot of retailers out of the market..
[12:57]   Shai : vwap is 8000
[12:57]   Hemant : Nice vwap
[12:57]   Ashish : OK Shai.. it will be interestinf to watch last 30 mins of close in USD/INR today..
[12:58]   Varun : thanks
[12:58]   Ashish : interesting*
[12:58]   Aayush : @shai, that was subbarao handling it. RRR i think if comes will start to do basket selling to control the futures.
[12:58]   Shai : yes
[12:58]   Shai : new sellers NF again
[12:59]   Ashish : this time to 7910 😉
[12:59]   Shai : can do 7910 sl of 7983
[13:00]   Nandesh : fress sh
[13:02]   Shai : those 8420 F sellers we saw thurs have made 500 points
[13:02]   Shai : at some point they should be thinking to lock gains today at close
[13:03]   Hemant : or more ??
[13:03]   Sandeep : shai so basically we are expecting 7910 to hold
[13:03]   Sandeep : or else we go down by 400 to 500 points
[13:03]   Shai : I feel we should push some of these intra day profits into buying calls at 3.20
[13:04]   Sandeep : and in case if it does hold , then where can the bounce lead us to
[13:04]   Shai : only near close for contra
[13:04]   Shai : not more that 8330- 8380 for first week of sept
[13:05]   Shai : since retail is holding longs – the problem is that even if we get a rise it will be cashed off fast
[13:06]   Ashish : common break it man
[13:06]   Aayush : FII have a large position. make sense for them to make pressure till expiry… isnt it?
[13:07]   Shai : 7939 spot
[13:09]   Shai : 7911
[13:10]   Shai : intra day short book
[13:10]   Shai : one large buyer
[13:11]   Shai : fairly big buyer at 7920 though overhead selling is continous
[13:11]   RK : as large buy vol only in Aug seems someone big closed shorts
[13:11]   Shai : yes aug
[13:12]   RK : Shai 8420 to 7920 may be 🙂
[13:12]   RK : nice 500 point programme
[13:13]   Hemant : 🙂
[13:15]   Shai : 64.76 to 64.64
[13:20]   Manthan : RMji, aap ka MO???
[13:22]   Tejpreet : Shai above which level in NF can we attempt some longs for quick 20-30 point move?
[13:24]   Shai : abv this blue dpoc can give you vwap 7992 sl of 7938
[13:24]   Shai : bue dpoc of 7962
[13:25]   Tejpreet : Thanks Shai.
[13:25]   Shai : would set up a technical trade for vwap
[13:26]   Shai : second bg buyer at 7950
[13:26]   Shai : or short coverer
[13:26]   Shai : same qty
[13:26]   Tejpreet : Quantity almost same .
[13:28]   Hemant : Shai, ok to trade some CEs for new 1 hours?
[13:28]   Hemant : 1 hour or more?
[13:30]   Shai : ok sl at day lows
[13:30]   Hemant : Ok Shai
[13:30]   Uttam : can go long here? above blue line
[13:31]   Shai : can but is is aggressive setup to be traded with proper risk setup
[13:31]   Uttam : yep…
[13:32]   Shai : one small hint is coming for buyers if we stay abv 7910 now and close
[13:32]   Shai : we may have a tail below 7933 which is a sign of rejection down there
[13:32]   Shai : valid only till we are abv 7933
[13:33]   Shai : larger pic still below vwap and IBL on day TF and hence longs are only aggressive here
[13:33]   Uttam : yep
[13:38]   r m : @Manthan, Sorry, someone dropped in 🙁
[13:38]   r m : MO at -92
[13:40]   Chandrashekhar : shai if MO remains same and mrkts go below 7900-7880 at close, still its time to buy calls or only above 7910 calls should be bought?
[13:41]   r m : Crude back to my college days 🙂 – http://screencast.com/t/aZ18PpqsL
[13:49]   Tejpreet : There goes the buying tail !
[13:51]   Aayush : dow f recovered frm morning
[13:51]   Hemant : The stillness of the charts gets scary in such situations.. almost as if exchanges have halted trading 😛
[13:51]   Vikkas C : shai can u pls adjust the NF charts
[13:52]   Hemant : We’re back 🙂
[13:54]   Shai : til is gone
[13:54]   Shai : tail*
[13:54]   Uttam : yep, SL hit on longs
[13:54]   Soumya : Lag raha hai ek din mein ek quarter ka gain chala jayega
[13:56]   Shai : Chandrashelkar the buy is better if we are not very far from 7910 at close
[13:56]   Shai : else we buy tom morning only
[13:57]   Chandrashekhar : ok thanks
[13:59]   Ashish : stucked shorts @ bottom
[14:00]   Shai : bg vol being traded here
[14:00]   Shai : both sides
[14:01]   Shai : BNF below 17000 slips t 16825
[14:01]   RK : 17k gone
[14:01]   Ashish : Shai, below 7900 where do we go?
[14:04]   Shai : UPTO 7725
[14:04]   Shai : a monthly close below 7900 this week changes things
[14:05]   Ashish : OK
[14:05]   Shai : could be a fall to 7200 with stops abv 8400
[14:05]   Uttam : we are talking spot levels here right?
[14:05]   Shai : spot
[14:05]   Uttam : okies
[14:05]   Shai : 7200/ 6800
[14:06]   Soumya : Do you see any bounce in a day or two/?
[14:06]   RK : 🙁 that would be very bad..
[14:06]   Uttam : so 7900 is a very important level
[14:06]   Soumya : If yes should we reduce cash positions?
[14:08]   Shai : Soumya bounce is due
[14:08]   Kathir : @shai is DPOC possible now befor close NF?
[14:11]   Shai : Kathir now set for close at lows
[14:12]   Kathir : ok
[14:12]   Shai : 7861
[14:12]   Shai : this is getting bad
[14:12]   Hemant : Time to stop trading 😛
[14:14]   RK : stocks just started tumbling which held till that marginal break of 7900
[14:14]   Shai : panic
[14:14]   Shai : margin pressures
[14:14]   Shai : 18825 comes in 10 mins
[14:15]   r m : now RK will keep a screenshot of Shai-Vaani 18825 🙂
[14:15]   Kathir : 🙂
[14:15]   Soumya : what !!!!!
[14:15]   Ashish : lol
[14:16]   Tejpreet : Got into smal quntity 8100 call at 130
[14:16]   Soumya : pf was down 6% and in 10 mins down 12%
[14:16]   Shai : 7725 can come
[14:16]   Shai : such is the vol
[14:16]   Soumya : can come today itself?
[14:17]   Aayush : short in this bounce?
[14:18]   r m : buyers
[14:18]   r m : big buyers
[14:18]   Vikkas C : finalllyyyyyyyyyyyyyyyy
[14:19]   Soumya : can we have numbers chart?
[14:20]   Shai : BNF 5 min bar trades 200 points
[14:20]   Shai : 16725 to 16925
[14:20]   Ashish : uffff
[14:20]   Soumya : Is there a tail from lows?
[14:20]   Shai : yes
[14:21]   Shai : some buyers also
[14:22]   Chandrashekhar : SHAI tail at the bottom?
[14:22]   Shai : yes
[14:29]   Hemant : Shai, did a lil impulse trade.. bought 1 lot of 8000 CE @ 42 . Whats the resistance on this one?
[14:31]   Shai : 92
[14:32]   Hemant : Ok Shai, ty
[14:32]   Tejpreet : Amtek auto does another 25% dump.
[14:33]   Shai : stocks are showing cracks
[14:33]   RK : yes
[14:33]   RK : if this tail goes then it will be ugly further
[14:33]   Uttam : yes big time from 3-4% down all are now more than 10% down
[14:33]   Tejpreet : Even monthly charts damaged in some stocks .
[14:34]   Soumya : yes
[14:34]   Soumya : all fell in no time
[14:35]   Kathir : @shai did you see any support in Nifty spot around 7800
[14:36]   Tejpreet : Booked out 8100 call at 141 …..things not looking good.
[14:36]   Kathir : @tej you mean sep ce
[14:38]   Tejpreet : Yes Kathir .(14:16) Tejpreet :Got into smal quntity 8100 call at 130
[14:38]   Shai : No Kathir next big one around 7725
[14:38]   Kathir : ok
[14:38]   Kathir : ok shai
[14:39]   RK : never seen such mkt in live
[14:40]   Vikkas C : true rk ..1st experience for me as well 🙂
[14:41]   Nandesh : can i make sh position now in NF
[14:41]   Hemant : Shai, any BTST in mind 🙂
[14:41]   Ashish : Yes RK, first time seeing this and very afraid to put any order…
[14:41]   Ashish : better to be on sidelines 😉
[14:42]   Shai : below ps3 and lvn3 on first day of the week- haven’t seen the situation in a while
[14:43]   Anay : Nifty hasn’t been 5% down in a while 😉
[14:44]   Hemant : Looks beautiful. Just invert the chart sometimes 🙂
[14:44]   r m : 🙂
[14:45]   Naveen : Shai any stbt nf ??
[14:45]   Hemant : Time to switch on India TV
[14:46]   Shai : recommending calls part here and part at 3.20
[14:46]   Shai : go with 8000 ce
[14:47]   Aayush : current series?
[14:47]   Uttam : August ones right?
[14:47]   Shai : yes
[14:48]   Aayush : its coming very costly if u see expiry is just 3 days..
[14:49]   Shai : proper strategy in view of vix is to buy sept 8100 ce 2 lots and sell one lot 8100 ce aug
[14:49]   Ashish : Shai, banknifty can be bought for tomorrow here?
[14:49]   Aayush : okk
[14:50]   Shai : yes BNF too
[14:50]   Ashish : Thanks
[14:50]   Shai : we can look upto 7940 and 8040 in the calls to begin with sl will be todays lows of 3.30
[14:51]   Sreenivas J : any one knows how long a PE of a stock will be in Upper circuit..I am holding wockhard pharma 1400PE and its in UC at 60 although stock is below 1300
[14:51]   Shai : and BNF did another 100
[14:52]   Shai : generally 10 mins Sreenivas but will have to check on stock
[14:54]   RK : those rogue buyers who came in last 30 min on Friday..they pushed many to close shorts ..and worst if someone closed shorts and went longs in that jerk..
[14:57]   Hemant : RK lots of patients to you 🙂
[14:57]   Anay : that’s what the move was for
[14:57]   Anay : take out shorts and trap longs
[14:57]   Anay : well played by them
[14:57]   r m : @RK, yeah, they stopped me from adding to 8200PE, i bought at 28 and thought adding at 32 was very costly 🙂
[14:57]   Vikkas C : i had bot the 8200ce in that rise @ 24.15
[14:57]   Srini A : @RK, I would have closed those shorts on Friday had the spike sustained. Thank God for that! But I booked way too early at 8010
[14:57]   Vikkas C : 8200pe
[14:57]   Vikkas C : sorry
[14:58]   Anay : and booked at 400?
[14:58]   Gaurav : That friday was a close shave. Left it at last mintue to buy calls
[14:58]   Vikkas C : no anay booked in circuit today mrng @ 111.85 🙁
[14:58]   RK : Yeah Anay that lot I should say best performers I have seen recently..it seems they tested buyers and then went short by close
[14:58]   Hemant : RM.. that rise almost made me believe 8600 is on the card 😛 But something took over join you at 28, left at 170.. now its around 300 that PE 🙁
[14:58]   Anay : ohh no. bad decision
[14:58]   Vikkas C : 🙁
[14:59]   Vikkas C : but compensated with maruti short 😀
[14:59]   Anay : haha great
[14:59]   Vikkas C : haha
[15:00]   r m : @Hemant, yes, me too quit around 170, then immediately removed that from market watch, what the eye does not see the heart does not grieve over 😀
[15:00]   RK : Vikkas closed all..no new posns till expiry..it’s been a long ride..so let me spend few days without posns 🙂
[15:00]   Vikkas C : gr8 RK 🙂 have fun
[15:00]   Hemant : Aug 8200 PE @ 365 .. “o gawd”
[15:00]   Shai : I had 8100 pe accumulated from 32 to 20 for a net cost of 24- 25 , sold them at 100 this open with a big grin on my face and now seeing300 plus on it 🙁
[15:01]   Vikkas C : exactly shai
[15:01]   Kathir : 🙂
[15:01]   RK : my biggest bad entry was BNF short from 18600 break..18589 was the entry and poorly had exit at 18300-18400 in this fall 🙂 ..had nifty short from 8400 though to close today at 8020 🙂
[15:01]   Vikkas C : 8200pe from 24.15 to 111.85 i was rejoicing and then now im pulling my hair
[15:01]   Aayush : another last half stuff expencted?
[15:01]   RK : *bad exit
[15:01]   Hemant : Shai sir, you’re absolved 🙂 Well done!
[15:01]   Tejpreet : But all said and done everybody made money 😉
[15:02]   Shai : can close at lows
[15:02]   Vikkas C : yes tej ..thank god for that
[15:02]   Shai : at 5% loss today we are right down below china today
[15:03]   Shai : and this closing is bad for the daily
[15:03]   Sankar : This series might have started as a rougue.. but finishing with style. nice one.
[15:03]   Uttam : Shai, do we add calls @ 3.20?
[15:04]   Hemant : Selling again
[15:04]   Shai : yes
[15:04]   Sankar : @Shai, any idea what level the fundamental guys may come and buy like what happnd in Aug 2013?
[15:04]   Tejpreet : Shai if we are closing at lows , can tmrw be a gap down around 7725 support with a push from global cues .
[15:04]   Sankar : or India just lost hope of fundamental guys?
[15:05]   Shai : for the fundamental guys they will watch USDINR and see if RBI comes there
[15:05]   Shai : so tom open
[15:05]   RK : Yes if buying comes in the morning that would be better than now..
[15:05]   Hemant : RM, 8200 PE from 28 to 386 and 8300 PE from 60 to 480 🙁 Dang it!
[15:06]   RK : they will hold whole day to push it up further
[15:06]   Vivek K : shai fundamental? i am sure thats a joke from your side
[15:06]   Tejpreet : Are todays volume the highest in this year.
[15:06]   Sumit K : problem with India today is the IOC issue
[15:06]   Kathir : @hem 7900 pe 3.5 to 150 🙂
[15:06]   Vikkas C : +1 sumit
[15:07]   Sankar : Ok.
[15:07]   RK : Hemant we all have a big regret list..so dont worry :)..but am sure all only about bad exit and not bad entry 🙂
[15:07]   Shai : Vivek 🙂
[15:07]   Hemant : Kathir, every PE made money 🙂
[15:07]   Sankar : Yes Hemant :).
[15:07]   r m : P(rofit)E 🙂
[15:07]   Kathir : 🙂
[15:08]   Sankar : infact few made profit in CEs also today 😉
[15:08]   Vikkas C : one of my frnd bought bnf 18000pe @ 35 on wednesday and see the price now ..damnnn
[15:08]   RK : let me close the regret story with this one..Tisco short from 249 closed at 224 with a great smile on face..207 at low now..lot size 1000 🙂
[15:08]   Hemant : RK sir, please be your brilliant self , what meds did you prescribe 🙂
[15:08]   Tejpreet : Yes Sankar 😉
[15:08]   Kathir : @RM any news from kris today or now
[15:09]   Sankar : Kris has been missing for a while.
[15:09]   Hemant : 8000 becomes new 9000??
[15:09]   Hemant : as a resistance ? Just curious
[15:09]   r m : Kris is on twitter
[15:09]   Kathir : is there any contra trade from him now
[15:10]   r m : this was one hour ago – he has part booked profits too 🙂
[15:10]   Hemant : He got into some call.. same as Shai mentioned
[15:10]   r m : Kept a buy order for 8000CE at 46. Let us see if it triggers
[15:11]   r m : above is an old tweet from Kris, not from me 🙂
[15:11]   Hemant : From Kris : Looking at #DOW, Bought 8000CE at 45. Will buy more at close, if it is much cheaper. Will carry for tomorrow!
[15:12]   Shai : New shorts have come in sept 7940- 7990
[15:12]   Vikkas C : even shai has reco same
[15:12]   Kathir : @RM thanks
[15:12]   Shai : so a bounce will get sold again
[15:13]   Uttam : but where is the bounce 😉
[15:14]   Hemant : Lets see the bounce, wei’ll join those shorter.. if required
[15:14]   Hemant : shoters*
[15:14]   Shai : if it comes
[15:14]   Uttam : will add 8000 ce @ 3.20
[15:14]   Hemant : shorters*.. (spelling going berserk too\)
[15:17]   r m : MO stays at -93
[15:17]   Sankar : Tx shai for your advice on carrying 25% atleast. Closed it and moved to 7600 PE. now its much easy to carry :-D.
[15:18]   RK : 8300-8500 band to 7800-? band so quickly.just couple of days..
[15:18]   Hemant : 500 pts from RK 🙂
[15:18]   Shai : 7786
[15:18]   Shai : NF behaving like BNF
[15:18]   Soumya : 7725 support na?
[15:19]   Sandeep : its bulldozing everything bull
[15:19]   Gaurav : Insane selling this
[15:19]   Soumya : I think pharma will rise the first when poeple realise where INR is
[15:19]   Hemant : RM, 420 and 520 on those puts
[15:20]   Shai : can add the balance calls here 3.20
[15:20]   RK : it just making sure that none of the stops from any kind of study/tf should hold today
[15:20]   Hemant : Back to 6000 lvls would be nice 🙂
[15:20]   Uttam : done 🙂
[15:21]   Sankar : and lot size back to 50. so its like nothing has happnd in last 1 year 😀
[15:21]   Shai : 6 more and we get a 300 point range
[15:21]   Shai : o-c
[15:21]   Shai : h-l
[15:22]   Shai : don’t remeber the last time NF did that downside
[15:22]   Shai : on Modi day I think we did 7200- 7560
[15:22]   RK : 270 or something is max in 2015
[15:23]   Vikkas C : shud we get into 8000ce or no shai ?
[15:23]   Shai : ok RK
[15:23]   Shai : Got in Vikkas , we are playing a bounce
[15:23]   Tejpreet : august 7400 put sold at 57.
[15:23]   Shai : wow 57 on that?
[15:23]   Uttam : thanks to VIX
[15:24]   Shai : must have eeb 0.5 on friay
[15:24]   Tejpreet : Yeah just saw it and pumped in
[15:24]   Tejpreet : jumped
[15:26]   Aayush : good bye all.. finally this day got over.
[15:26]   r m : 🙂
[15:26]   Sankar : A great day to start the week :).
[15:26]   r m : abhee to 4 minute hain 🙂
[15:26]   Aayush : ab iss din ko dull bana do..
[15:27]   Tejpreet : Booked out at 37 quick 20 points
[15:28]   Shai : one big buyer at 7774 again
[15:30]   Sankar : Bye All :). Have a nice evening.
[15:30]   Sankar : Tx Shai for ur levels!!
[15:30]   Shai : bye all
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : have a nice evening
[15:30]   Augustin : Bye all
[15:30]   Tejpreet : Bye All.
[15:30]   Vikkas C : BYE ALL
[15:30]   Ashish : Bye all
[15:30]   Srini A : Bye All
[15:30]   John : bye all
[15:30]   Moses : Bye All
[15:30]   Porus : bye all
[15:30]   Vivek K : shai i hope we dont come to a day when the room will be open for sgx nifty and chicago nifty. bye all
[15:30]   Kathir : thanks and bye all
[15:31]   Uttam : bye aLL HAVE A GREAT EVENING
[15:31]   Soumya : good bye
[15:31]   Soumya : Trailer for those who haven’t seen 2008

[09:46]   Uttam : Shai Petronet target achieved, low on Fut is 172 & cash is 173.4
[10:42]   Soumya : Shai where can HDFC bank find support?
[11:04]   RK : have a look at sstocks which are furious in recovery now..Hero is best example
[11:10]   Shai : hdfc weekly supp at 1126
[11:14]   Soumya : HDFC bank bro
[12:15]   Soumya : Shai I think tata motors has bottomed out today with low of 306
[12:15]   Soumya : any views?
[12:17]   Soumya : Can’t I attach my charts here?
[12:20]   Shai : I think you will have to paste the charts on a 3rd part forum
[12:20]   Shai : and then put link here
[12:21]   Shai : @RM, any other solution?
[12:22]   Soumya : https://twitter.com/insharebazaar
[12:22]   Soumya : Check the chart of Tata Motors here
[12:23]   Soumya : Shai do let me know your positional view
[12:29]   Shai : ok I see your logic there and even Vol profile shows 310 as a supp on the monthly
[12:29]   Shai : but the stock may not do a V
[12:30]   Shai : after such a move can expect a extended sideways and formation of balance
[12:30]   Shai : that said, strngth tgis week is abv 321 only
[12:32]   r m : @Shai, Soumya, I think that is the only way out, can use jing for posting screenshots here
[12:33]   Soumya : Thank you Shai
[12:44]   Vikkas C : shai hows the IT sector looking to u ?
[12:58]   Soumya : ok rm will do that
[13:14]   Nandesh : ur view on ashoklayland
[13:18]   Shai : Vikkas don’t have a sector chart with me now- will look it up after close
[13:20]   Shai : ashok ley supp at 81 psitional – weekly at 86.5
[13:40]   Vikkas C : ok thanx shai
[14:00]   RK : Vikkas Tisco 9%,,by anychance you hold it? 🙂
[14:09]   Vikkas C : no rk ..not holding tisco ..but holding onto maruti
[14:13]   RK : ok
[14:26]   Tejpreet : Shai wockpharama 20 % down at 1325 is it worth a punt ?
[14:29]   Shai : 1265 a supp at wock but vols are huge
[14:30]   Tejpreet : OK I was looking to sell 1200 put …but not traded .
[14:30]   Nandesh : can ashoklay reach 81 today
[14:32]   Shai : hit 81 I think
[14:33]   Nandesh : tnx
[14:39]   Tejpreet : Casino trade could be amtek 50 call at 2.75.
[14:39]   Tejpreet : 20 % move before expiry if it comes could hit 60 .
[14:43]   Chandrashekhar : shai usdinr at 66.74, can be shorted?
[14:47]   Soumya : Shai what about NSE: AJANTPHARM for a bounce?
[14:53]   Shai : Chandrashekar proper conservative short is to be short on break of 66.55 with sl of 66.76
[14:53]   Shai : here we don’t have conf from price
[14:56]   Augustin : @Shai – Any views on SBI for Sep series?
[14:56]   Shai : ajant showing a good bounce- support at 1356 but bounce is from 1390- has t cross 1554 for more
[14:57]   Soumya : ok shai thanks
[14:57]   Shai : I don’t have a big view specific for sept yet in sbi but monthly shows supp at 237
[14:57]   Shai : we will have a sept view when aug closing is ut of the way
[15:00]   Soumya : tata motors showing strength shai didnt fall in the fall from 8000 to 7800
[15:00]   Soumya : i really think the bottom is near for this stock
[15:02]   Augustin : Tks Shai
[15:03]   RK : my list of stocks which held in the last 200 NF fall..TTM,ACC,Ultratech,Hero
[15:03]   Shai : ok Soumya
[15:03]   RK : and HCL
[15:07]   Uttam : NMDC is one stock which is in green can you believe it 🙂
[15:09]   Kathir : wow
[15:12]   r m : NMDC has negligible free float I think
[15:12]   Uttam : but it was down to 90 in the morning
[15:13]   r m : ok
[15:13]   RK : HCL came down now