General Chat Transcript
Date and Time: April 28, 2015 09:19:13
[08:50] r m : Good Morning folks!
[08:50] r m : http://vtrender.com/levels-and-plan-for-28th-apr/
[08:50] Hemant : GM RM
[08:50] r m : http://vtrender.com/premium/orderflow-charts-and-notes-2704/
[08:50] r m : Hi Hemant
[08:51] Porus : GM RM and all
[08:51] r m : Hi Porus
[08:51] r m : Nifty APR Future levels Key Reference Area 8210 Hypo1 above 8262➜8296➜8332 SL 8210 Hypo2 below 8210➜8166 SL 8255
[08:51] Hemant : RM the OF is a page not found
[08:51] r m : Banknifty APR Future levels KRA 17880 Hypo1 below 17880➜17755➜17574 SL 17999 Hypo2 above 18165➜18240➜18290 SL 18035
[08:51] r m : @Hemant ?
[08:51] Hemant : vtrender.com/premium/orderflow-charts-and-notes-2704/ g
[08:52] Hemant : gives a page not found error
[08:52] r m : log out of vrtrender homepage, relog-in then you should be able to open the page
[08:52] Hemant : Ok
[08:53] Hemant : Works now thank you 🙂
[08:54] r m : welcome 🙂
[09:01] r m : Results today – Bharti Airtel, Godrej Consumer, Idea Cellular
[09:02] r m : Results tomorrow – Biocon, HDFC, Ambuja Cement
[09:04] Shai : GM all
[09:10] Vishal : GM All
[09:12] Sumit : GM everyone
[09:13] Mahesh : gud mrng sirs
[09:14] Ashish : GM all
[09:17] Ashish : charts not working
[09:17] Mahesh : yes sir
[09:18] Sharad : GM all
[09:24] Mahesh : banknifty chart some what clumsy
[09:27] Shai : Buyers at open
[09:27] Mahesh : yes sir
[09:27] Mahesh : but some what sellers responding at value zone
[09:28] Shai : NF buy 8235 sl 8195 tgt 8258/ 8295
[09:28] Amit J : above what level sellers will panic
[09:28] Shai : 8295F
[09:29] Mahesh : nifty bought sir
[09:29] Shai : but befre that 8258 will cause yesterday shorts to reduce
[09:29] Shai : cross of 8258
[09:29] Tejpreet : GM All.
[09:29] Shai : Lomg trade is on the Open type and the 80% rule
[09:30] Mahesh : today banknifty will push index sir
[09:31] Porus : Shai, what type of open is this?
[09:31] r m : open drive I think
[09:32] Porus : Could be OAIR?
[09:32] r m : only if auctions on both sides of Open price
[09:32] Porus : ok
[09:33] Shai : Porus so far an ORR
[09:33] Shai : OPen rejection reverse
[09:33] r m : could be open, test reverse too
[09:33] r m : ok
[09:33] Porus : ok
[09:34] Shai : BNF abv 17945 can do 18063 today sl of 17851
[09:34] Shai : only abv 17945**
[09:43] Shai : vwap showing buyers
[09:44] Shai : as 1 would expect in an ORR
[09:44] Shai : key to the next 2 days in NF is what happens at 8257- 8296 today in F
[09:46] Mahesh : f means sir
[09:47] r m : April Future
[09:47] Mahesh : k sir
[09:47] r m : you can drop the ‘sir’, will save a lot of typing energy 🙂
[09:47] Mahesh : heeee
[09:47] Shai : icici bank reversing today
[09:48] Amit J : shai your view on geometric for buy?
[09:48] Shai : 324/ 327 tgts if holds abv 309
[09:49] RK : GM Shai,RM and all
[09:49] Shai : geometric beaten down can give a relief rally
[09:49] Shai : cross of 133 can give 139 but if 133 not crossed then can see 117
[09:50] RK : Shai TCS good to short below day low?
[09:50] Shai : old seller at 154
[09:50] r m : Hi RK
[09:50] Amit J : thanks
[09:52] Shai : yes tcs weaker below 2470 can drop to 2421
[09:52] RK : thanks
[09:58] Shai : keep part book order at 18005- (09:34) Shai :BNF abv 17945 can do 18063 today sl of 17851
[09:59] Tejpreet : Shai any support levels for wockpharama…
[10:02] Shai : Part Book NF – sl below 8225 on rest
[10:03] Shai : 18061 – (09:34) Shai :BNF abv 17945 can do 18063 today sl of 17851
[10:04] Ashish : Perfect Shai!!
[10:04] Ashish : what’s next for banknifty Shai?
[10:06] Shai : buy dips to 17930
[10:06] Shai : there is a seller here at 18070 – 18130
[10:06] Ashish : Thanks..
[10:07] Amit J : shai NF above 8258
[10:07] Amit J : how is the auction. is it confirming some panic
[10:10] Shai : wock supp is 1123
[10:10] Sharad : Big IB today
[10:11] Shai : however new sellig looks riskier
[10:11] Shai : can get short covering if 1252 scaled
[10:11] Sharad : Shai if we go above 8296 … how much is more upside ?
[10:12] Shai : Auction shoing sellers at POC
[10:12] Shai : 8257- 8295 is a conflict zone now
[10:12] Sharad : ohhh yes 8268 POC Thanks
[10:13] Shai : Sharad lets use 8305 F as filter then move can come to 8345 and possibly 8430 by expiry
[10:14] Porus : Shai, that 8500ce may see revival?
[10:14] Shai : No that is zero
[10:15] Hemant : What about 8400 CE?
[10:15] Shai : 8500 CE may can be a buy on dips in parts
[10:15] Sharad : ok Shai
[10:15] Shai : No Hemant not Apr Vix is dropping since yesterday
[10:16] Shai : still a full point to drop
[10:16] Hemant : 8300 CE?
[10:16] Hemant : 🙂
[10:16] Shai : 17.14 tgt today
[10:16] Shai : yes 8300 ce buy abv 8305 F
[10:17] Hemant : Got it
[10:17] Sharad : 8300 April or May ?
[10:17] Tejpreet : Thanksfor wock levels.
[10:18] Shai : 8300 ce Apr as it will be ATM
[10:18] Shai : can rise as a fut with liited risk if it has to do 8430
[10:18] Shai : limited**
[10:18] Shai : IN BNF that zone at 18100 is a mjor seller – http://screencast.com/t/Lhj2IwblQ
[10:19] Mahesh : can we consider todays market as open drive
[10:20] Sharad : ok
[10:22] Shai : Sorry it’s an ORR
[10:22] Amit J : after long time first time we moved above vah atleast in bn
[10:22] Shai : Yes
[10:23] Mahesh : sir did you observe that last time swing divergency arrised in both nifty and banknifty
[10:23] Mahesh : i mean swing low made by nifty but banknifty doesnt made
[10:24] Mahesh : expecting nifty to test 8280 zone
[10:25] Kathir : GM Shai RM and all friends
[10:26] r m : Hi Kathir – the MO trader 🙂
[10:26] Shai : Seller BNF
[10:28] Kathir : lol
[10:29] Shai : Tejpreet wockhardt- http://in.reuters.com/article/2015/04/28/wockhardt-regulator-recall-idINKBN0NJ08F20150428
[10:30] Tejpreet : Thanks Shai was looking for newsfor this fall of 30 percent in 2 days.
[10:35] Shai : that’s always the major risk ina ll pharma – that kind of news can come any time
[10:36] Mahesh : these are common in pharma filed sir
[10:36] Tejpreet : True …..am looking for call options to buy but in fno ban.
[10:39] Hemant : Buy and sell battling it out
[10:40] Vishal : @ SHai
[10:40] Vishal : Gruh breaking 230 levels
[10:40] Vishal : where is next stop?
[10:40] Vishal : GRUH Finance
[10:44] Varun : shai profile shows 2 tpos abv ib high
[10:44] Shai : gruh 225 was 1 supp met today but below 225 can go down to 219 on weekl
[10:44] Varun : where as its its only 1.3 point
[10:46] Shai : it is 1
[10:46] Vishal : thanks Shai
[10:47] Shai : maybe a compounding issue
[10:47] Varun : cos it was a fa setup
[10:47] Shai : BNF only sellers again at 18110- 18140
[10:47] Shai : back in IB
[10:47] Shai : could also mean end of day move
[10:47] Ashish : Banknifty to VWAP @ shai
[10:47] Shai : vah 18012 supp
[10:48] Shai : yes 18012/ 17975
[10:48] Shai : res established 18150
[10:48] Ashish : and nifty Shai
[10:48] Kathir : Hypo2 above 18165➜18240➜18290 SL 18035…
[10:49] Kathir : unable to cross 18165
[10:49] Shai : Nifty also may come back to 8230
[10:49] Ashish : Thanks Shai
[10:49] Hemant : Eyeing 8218 Shai sir on spot. Possible?
[10:50] Varun : from 10.15 to 1045 lot of buying at top levels
[10:50] Shai : all intra longs can book out- we will trade on break abv IBH now
[10:50] Varun : mite be trapped again ?
[10:50] Amit J : shai your view on exide for long
[10:50] Mahesh : 8230 can hold
[10:51] Hemant : Mahesh sir, what happens to the sellers at 8234 then?
[10:52] Mahesh : they may cover
[10:53] Ashish : Shai, any trade in Bata
[10:54] Shai : exide good abv 172 can tgt 177 and 181
[10:58] Shai : bata 1014 is a supp on day but positionallly a close above 1040 and then 1061 can invite short covering
[10:58] Ashish : Thank Shai
[10:58] Shai : selling looks done till 995 does not break again
[10:59] Kathir : @shai icicibank any resistance here ?
[11:00] Shai : icici easy trade done
[11:01] Kathir : yeah above 314 right?
[11:01] Shai : (09:47) Shai :icici bank reversing today. (09:48) Shai :324/ 327 tgts if holds abv 309
[11:02] Kathir : oh ok thanks
[11:02] Kathir : i was late to class today ..so missed it
[11:02] Shai : Sell BNF between 18085- 18100 sl of 18155 tgt 17990/ 17930
[11:22] Mahesh : i had 1800 ce can i exit now
[11:22] Kathir : 1800?
[11:22] Mahesh : this month sir
[11:22] Mahesh : call
[11:23] Kathir : you mean 18000 bnf ce?
[11:23] Mahesh : ya
[11:24] Kathir : ok shai’s view is now short with SL 18155
[11:26] Mahesh : ya thats y
[11:27] Shai : Mahesh you can re buy once we go abv 18155 F
[11:27] Mahesh : k sir
[11:27] Shai : there is old suppy at 18100- 18140 . refer to last 2 day notes on blog
[11:30] Mahesh : exited at 196
[11:32] Kathir : where is bnf vwap?
[11:32] Shai : For positionals go with weekly plan – http://screencast.com/t/H10LnGkFp6v
[11:32] Varun : shai cn u slightly raise the profile
[11:32] Shai : sure
[11:32] Shai : enough?
[11:32] Varun : thnaks
[11:32] Varun : thnaks
[11:33] Shai : welcome
[11:33] Varun : will these singles be easy to cover with poc/wap almost same
[11:33] Shai : BNf anomaly 17934 tgt of the move below 18155
[11:33] Varun : from 8230 and below
[11:34] Shai : Yez Varun once vwap not protected then singles under threat
[11:34] Varun : cool, so shld wait for covering shorts
[11:34] Varun : below vwap, fa in full form
[11:35] Shai : yes we have gone 2 way mode now after one time frame yesterday
[11:36] Shai : again template of last week – Mon down and tues wed thur went sideways
[11:37] Amit J : rbi presss conference today at 2.30?
[11:38] Amit J : can any one check
[11:44] Hemant : Shai sir, correct to say aggressive seller on NF FP chart ?
[11:44] Shai : Nothing on web page
[11:44] Amit J : ok
[11:44] Shai : yes Hemant red delta 8259
[11:45] Hemant : Ty sir
[11:45] Shai : is it there Amit?
[11:46] Shai : Keep part Book BNF order at 18025 raise TSL to 18105 for final tgt of 17935
[11:47] Varun : shai hw do we know abt divegence on order flow
[11:47] Shai : previous buyers near vah may attempt a small bounce
[11:47] RK : Shai downside levels for HUL from here pls
[11:48] Amit J : no confirmation yet shai
[11:48] Kathir : @shai so shall we exit 50% near VAH bnf and hold the rest
[11:49] Amit J : no shai it was just a rumor
[11:50] Kathir : heard some news reliance is in talks with sun tv to take over..may be old news
[11:53] RK : Kathir old news..with Asianet too
[11:54] Kathir : ok RK baiya
[11:55] r m : Bhaiyya 🙂
[11:56] Kathir : it is brother right?
[11:56] Hemant : Shai sir, exited puts at 8212 instead of 8218. Is there further downside? to this?
[11:59] r m : @Kathir, yes
[12:00] Hemant : @RM supply on NF below 8200 is at 8150 or so?
[12:01] r m : 8166 is next level in hypo
[12:10] Ashish : Shai, In L&T any short trade?
[12:14] Shai : Buyer at 8204
[12:14] Shai : 17940 Buyer also
[12:14] Shai : No downside till these get taken down
[12:15] Kathir : @shai NF what is intra resi now? bnf also
[12:15] RK : Axis holding steady since morning
[12:15] Shai : Kathir 8257/ 8296
[12:16] Shai : Did mention 8296 F as crucial into expiry this week
[12:16] Shai : also 41 on 8300 Pe
[12:17] Shai : LT new short trade here is risky
[12:17] Shai : 1619 supp
[12:18] Kathir : ok shai thanks
[12:18] Ashish : Thanks Shai
[12:22] Shai : BNF move done
[12:22] Shai : Now off to test 18140 again
[12:22] Shai : down move I meat*
[12:22] Shai : meant**
[12:34] Kathir : any news for sugar sector
[12:43] Amit J : shai mostly press conf news correct
[12:43] Shai : ok Amit
[12:43] Shai : On what?
[12:44] Kathir : RBI meet?
[12:44] Amit J : rbi and fin minister
[12:47] Sharad : WhatsApp Forward…..RESERVE BANK OF INDIA ACCEPTED ALL 50 BIDS FOR 195.71 BILLION RUPEES …$3.09 bln AT ITS ONE-DAY REPO AUCTION, THROUGH WHICH IT INJECTS LIQUIDITY INTO THE BANKING SYSTEM.RBI PRESS CONF AT 14:30 IND (UNCNF) IS ON THIS AGENDA
[12:48] Shai : but what will FM do there then?
[12:48] Sharad : just got and sent … don’t know anything
[12:48] Shai : 🙂
[12:50] Amit J : they have some meeting on stalled projects
[12:54] Shai : Auction is locked now
[12:55] Shai : Buyer responding from the lows
[12:55] Shai : seller at hghs
[12:55] Shai : 8204- 8296 F range
[13:02] Mahesh : broker loan rate for futures means what sir
[13:35] Mahesh : morning first candel at 8200 -8210 shown buyers now its testing sir
[13:39] Shai : yes that buyer and the 1.00 buyet at 8204
[13:48] Mahesh : banknifty showing buying
[13:51] Shai : 18155 again seller
[13:52] Shai : but 18090 now nice supp
[13:55] Mahesh : yes sir
[13:56] Kathir : @shai shall buy some ce if bnf crosses 18170 now?
[13:56] Kathir : or long for 18240
[13:56] Mahesh : can we watch 8220 zone for support in nifty
[13:57] Shai : yes buy abv 170
[13:57] Kathir : ok
[13:58] Mahesh : charts became slow sir
[13:59] Shai : proper buy abv 18175 spot actually
[13:59] Kathir : no problen shai – premium less than 10 points bnf
[14:00] Kathir : 10-20
[14:00] Shai : It’s ok now- there was a tick refresh happening on that burst of volume
[14:00] Hemant : Shai sir, any recommendation for May calls?
[14:01] Kathir : Hemant and Mahesh brothers please avoid “Sir”
[14:02] Hemant : 🙂
[14:04] Shai : For May recommending 8500 calls on dips in 2-3 parts as we may keep visisting new lows
[14:05] Shai : one trip to 8500 pending min when expiry is done
[14:05] Hemant : Ty Shai
[14:06] Sharad : some one big broker is confirming today RBI meet with all PSU banks for stalled infra projects
[14:08] Kathir : @sharad is it means positive for infra?
[14:09] Sharad : may be… that is why banking stocks are boumcing today
[14:09] Sharad : Shai BNF can go 18400 ?
[14:09] Mahesh : kk
[14:09] Amit J : yes true but press conf is from finmin
[14:10] Amit J : i spoke at rbi
[14:10] Amit J : fin secretary
[14:12] Kathir : ok time 2.30 Amit?
[14:12] Sharad : look at last 3 delta of BNF… shows green but all seller can only seen
[14:16] Sharad : Shai can you adjust bng chart …so that vwap can be seen
[14:16] Sharad : bnf
[14:17] Amit J : jathir mostly yes
[14:18] Mahesh : ya
[14:19] Amit J : sorry kathir
[14:19] Kathir : ok amit thanks for the info
[14:25] r m : @Sharad, BN vwap t 18026
[14:28] Amit J : shai banknifty trendign possible. day high close?
[14:33] Amit J : fin sec on tv
[14:35] Sharad : Thanks RM
[14:35] r m : welcome
[14:36] Sharad : all bnf delta green
[14:37] Shai : BNf cross of day high tgt 18276 and 18410
[14:38] Sharad : looks good but time is less
[14:38] Shai : 18410 is positional
[14:38] RK : Sharad may be one of the catch me if you can kind of a trade 🙂
[14:38] Shai : has bounced well off 17930 today
[14:39] Sharad : yes RK
[14:39] Sharad : BNF not willing to cross day high since last 2 hours
[14:41] Sharad : 32 lacs … volumes are also heavy today
[14:41] Kathir : icicbank 7% up
[14:43] Kathir : @sharad if it closes here BNF may be a gap up tomrw mornng will clear these sellers 🙂
[14:44] Sharad : yes looks so
[14:44] Ashish : BN @ day high
[14:45] Shai : BNF should do 18274
[14:45] Hemant : And NF?
[14:45] Shai : Buy with 18110 sl tgt 18275
[14:45] Shai : NF to 8295
[14:45] Shai : NF short covering
[14:46] Hemant : Same folks covering who sold at 8224?
[14:47] Mahesh : what is of wave in chart
[14:48] Shai : 8282
[14:48] Shai : could be
[14:49] Mahesh : can we go for long now or to wait for tmrw expirt in nifty
[14:49] Shai : 8292 cover
[14:50] Shai : trail BNF 18205
[14:51] Mahesh : bnf buy call intiated sir
[14:52] RK : 8300 PE 48
[14:53] Kathir : @RK 41 is support?
[14:53] Sharad : 18275 book ?
[14:53] Shai : yes
[14:53] Shai : book
[14:53] RK : yes
[14:53] RK : Kathir
[14:54] Shai : NF shorts pushed
[14:54] Ashish : charts stuck???
[14:54] Shai : No data refresh
[14:55] Shai : 8288 F and 18110 F now supp
[14:55] Shai : we will attempt fresh buys there
[14:55] Ashish : ok
[14:56] Ashish : Shai any sellers in Banknifty
[14:56] Shai : No vol abv 18310 though price shows 18340
[14:56] Sharad : 18295 booked
[14:56] Sharad : 18295 booked
[14:56] Shai : yes at 18310
[14:56] Kathir : @shai shal we carry longs in NF bnf
[14:57] Ashish : Thanks
[14:57] Shai : a break out in BNF abv 18300 F and imm tgt is 18546
[14:57] Shai : we can go with 18500 ce
[14:57] Varun : shai vwap bands didnt stretch
[14:58] Varun : nt a good sign for bulls
[14:58] Shai : yes short covering rise
[14:59] Shai : (14:45) Shai :NF short covering
[14:59] Kathir : @shai bnf F buy 18500 ce if it crosses 18300 now again or wait till close?
[15:00] Mahesh : can we go for that call or wait for conformation
[15:00] Shai : only on 18300 close abv
[15:00] Kathir : ok thanks
[15:01] Shai : high risk but good r/r based on shorts moving out tom at open
[15:01] Hemant : Shai buy at 8288 NF needs confirmation??
[15:01] Tejpreet : 18500 ce in May series.
[15:01] Shai : yes Hemant
[15:01] Hemant : Ok, so will wait a bit more
[15:02] Shai : Though Volumes are growing it is a short covering move based on expiry pressure
[15:02] Mahesh : k
[15:02] Shai : I’ll not go long in a big way here
[15:02] Sharad : ok
[15:02] Hemant : Got it
[15:07] Shai : 30 min OI change 8200/ 8300/ 8400- http://screencast.com/t/QlqDpikCn
[15:07] Varun : rite in middle of ystrdays single not a good place to buy
[15:08] Shai : Don’t carry Longs
[15:08] Shai : Book . One more trip dwn can till come
[15:09] Shai : 8255 ref line tom
[15:11] Varun : shai spike 8230-8320, if we dnt open abv it, can go all the way to 8230 ?
[15:12] Mahesh : nifty fp charts littile bit zoom
[15:13] Shai : Varun supp vol at 8288- 8296 is that breaks then 8255/ 8241
[15:13] Varun : k thanks
[15:13] Varun : vah should hold tmrw else
[15:13] Shai : RM MO down to?
[15:14] r m : let me check
[15:14] Shai : -65 yesterday
[15:14] Kathir : morning 11:48 r m: -38
[15:15] r m : -30
[15:15] Varun : so we out of oversold zone also
[15:15] Varun : fresh ammunation fro beatrs
[15:15] Varun : bears
[15:16] Shai : Thanks RM
[15:17] Hemant : Shai waiting for confirmation if any at 8288 to buy
[15:17] Shai : No conf
[15:17] Hemant : Right
[15:17] Shai : did mention- (15:08) Shai :Don’t carry Longs
[15:17] Hemant : I have a put bought at 8307
[15:18] Shai : 8275 anomaly done
[15:18] Shai : 8255 crucial tom
[15:18] Shai : see the reds again
[15:18] Shai : stilla 2 way street
[15:20] Tejpreet : The redscoming in are fresh sell or longs selling out .
[15:21] Amit J : neutral vwap close likely?
[15:22] Shai : Looks like a rollover trade actually Tejpreet
[15:22] Mahesh : neutral vwap close means
[15:22] Shai : will have the May FP chart tom
[15:23] Tejpreet : Yes looks roll over
[15:23] Mahesh : nifty fp charts zomm can be possible
[15:23] Porus : Shai, a bounce expected at opening tomorrow?
[15:24] Kathir : massive volumes in 8300 ce?
[15:25] Porus : Shai, another note on options would be useful if numbers have changed meaningfully.
[15:25] Varun : shai where r the next lvn/singles after 8320-8340 ?
[15:28] Mahesh : bye all
[15:29] Shai : Kathir 8300 ce short covering
[15:29] Shai : No Porus expectation would be a quite open tom
[15:30] Kathir : oh ok
[15:30] Shai : we have had a spike like Varun pointed out
[15:30] Sharad : Bye all
[15:30] Porus : ok
[15:30] Porus : bye all
[15:30] Tejpreet : bye all
[15:30] Hemant : Ty folks, Shai .
[15:30] Shai : 8549 F next anomaly
[15:30] RK : thanks and bye all
[15:30] RK : 8249?
[15:31] Shai : but excess abv 8330
[15:31] Shai : No right abv at 8549
[15:31] Shai : Bye all
[15:31] Hemant : That means a visit to 8500 right?
[15:31] Shai : Have a nice evening
[15:31] RK : ok
[15:31] r m : Thanks and bye folk, have a great evening 🙂
[15:31] Shai : Yes Hemant
[15:31] Ashish : Bye All
[15:31] Varun : bye shai uodate the lvn abv in blog
[15:31] Shai : ok
[15:31] Kathir : Thanks and bye all 🙂
[15:31] Hemant : and the excess above 8330 means?
[15:32] Hemant : i mean what does it imply?
[15:33] Shai : that means sellers of the institutional kind
[15:33] Hemant : Shai, with practice you identify institutional players or by sizing of the trades?
[15:34] Shai : trade size led by FP charts
[15:34] Hemant : Nice 🙂
[15:34] Hemant : well, thank you again Sir
[15:34] Hemant : See you tomorrow
[15:35] Shai : welcome’
[15:35] Shai : have a nice evening @all