General Chat Transcript
Date and Time: March 30, 2015 09:06:51
[08:37] r m : Good Morning folks!
[08:37] Porus : Good Morning RM
[08:37] r m : Hi Porus
[08:37] r m : http://vtrender.com/levels-and-plan-for-30th-march/
[08:37] r m : http://vtrender.com/premium/orderflow-charts-and-notes-2903/
[08:38] r m : Nifty APR Future levels Key Reference Area 8410 Hypo1 below 8402➜8367➜8317 SL 8445 Hypo2 above 8445➜8482➜8524 SL 8402
[08:38] r m : Banknifty APR Future levels KRA 18325 Hypo1 above 18325➜18385➜18426 SL 18270 Hypo2 below 18270➜18183➜18131 SL 18330
[08:38] r m : Nifty Spot Weekly levels Support 8257 Resistance 8399/8473
[08:39] r m : Banknifty Spot Weekly levels Support 18040/17700 Resistance 18202/18400
[08:55] Sharad : GM all
[08:59] Tejpreet : GM All.
[09:06] Shai : GM all
[09:15] Sachith : GM all
[09:15] Kathir : GM Shai RM and all friends
[09:15] Shai : BNF is key to watch at open today
[09:16] Shai : as open is abv Neutral extreme high
[09:16] r m : Hi Kathir
[09:16] Shai : 18325
[09:17] Shai : NF ref area 8445 and 8482 again
[09:17] r m : spot at 8399
[09:18] Shai : early morning selling at higher levels in NF
[09:20] Kathir : @shai hold ce’s for further levels ?
[09:21] Shai : premium has dropped
[09:21] Shai : Yes Kathir we will trade for 8477 spot
[09:22] Kathir : ok thanks
[09:26] Shai : NF below vah – can drop to 8444/ 8428
[09:27] Shai : 8474 is seller of the open
[09:27] Shai : aggressiive sellers are more in NF than buyers
[09:28] Shai : Sell NF btw 8456- 8460 sl of 8482 tgt 8428
[09:30] Shai : BNF staying below 18330 can drop to 18277/ 18216
[09:31] Shai : 18270/ 18216
[09:42] Shai : premium dropping more in NF
[09:43] Shai : Exit the NF short abv 8474
[09:44] Shai : buyers
[09:53] Amit J : nifty spot made exactly same high as yesterday and bn future taking resistance at 330
[09:54] Shai : 18202 is spot resistance
[09:55] Shai : NF didn’t want to go down below VAH at first attempt , so we will see if the response at the lows is good enough to take out 8484
[09:55] Shai : for the swing traders let 8444- 8484 F zone play out
[09:56] Shai : flat auction at vwap 8464
[10:00] Shai : BN positional trade setup : Buy BN 18500 calls abv 18210 spot and add abv 18270 spot for 18392 tgt ( 18536 tgt 2)
[10:01] Shai : it’s a supply squeeze trade
[10:01] Shai : but spot has to trade abv 18210 for that to happen
[10:11] Amit J : shai long weekend coming, from when do you see premium will start reflecting that.
[10:16] Sharad : Amit looks people gone for vacation out of 9 days only 3 days trading
[10:19] Amit J : after such a big fall, people dont have money to even go to dombivali 🙂
[10:20] Shai : 🙂
[10:20] Sharad : 🙂
[10:20] Shai : Premium Should keep changing today
[10:20] Shai : 35 by wed will be good
[10:20] Sharad : 60 premium from 90
[10:21] RK : Gm all
[10:21] Amit J : century got rerated. not fallen in entire panic
[10:22] Shai : ok
[10:22] Kathir : Hi RK
[10:23] RK : Hi KAthir
[10:23] Amit J : MO must have recovered today 1151:265
[10:24] Shai : That morning seller has been checked somehow
[10:25] Shai : but still the seller of thurs/ fri is in that 8480- 8500 F zone
[10:25] Shai : #) Day Profile of 26/03 saw sellers coming at 8560-8532 and a fresh round of selling at 8500- 8492 in closing hour.
[10:25] r m : @Amit MO -19
[10:26] Sharad : only -19 from -70
[10:26] Sharad : huge recovery in one day
[10:27] r m : yes
[10:27] Sharad : good
[10:39] Shai : 8484
[10:41] Varun : this 142000 seller is fake i think
[10:42] Varun : @shai ?
[10:42] Shai : Not heavy volume
[10:42] Varun : not showing in 15 min
[10:42] Shai : Varun profit booked
[10:42] Shai : yes
[10:43] Varun : but vwap bands will male it tough fr nf
[10:43] Shai : yes
[10:43] Shai : volume is not great for a breakout abv 8484
[10:44] Shai : 8532 and 8560 are the other sellers from expiry day
[10:44] Shai : if volume increased profile abv VAH can rush to see them
[10:45] Varun : @shai this 15 min is 6 lakhs
[10:45] Varun : like double
[10:45] Varun : shldnt vwap bands move
[10:45] RK : lets say hi to atleast 8532 seller 🙂
[10:45] Shai : 8475 is supp
[10:45] r m : @RK 🙂
[10:46] Shai : they will now if we make another 6L in next 15 mins at same price
[10:46] Varun : ok thanks
[10:47] Shai : at the moment it does look like a move to clean out shorts than anything big
[10:47] Shai : But the failure in morning to go below VAH was pointing to this
[10:48] Shai : 8475 supp for the move
[10:48] Shai : (09:55) Shai :NF didn’t want to go down below VAH at first attempt , so we will see if the response at the lows is good enough to take out 8484
[10:53] Amit J : shai your view on ABIRLANUVO
[10:53] Vinay : till bnf doesn’t participate i do not think we can get any long lasting up moves
[10:54] Shai : BNF led up friday- but nothing major today – is rotating
[10:55] r m : BN spot busy filling selling tail of thursday
[10:57] Shai : abira 1640 supp
[10:57] Shai : came off 1655 seller of last week
[10:57] Shai : Holding 1640 , enter half and add abv 1655 for 1700 easy tgt
[10:57] Shai : sl day low
[10:58] Shai : Was looking at the ES charts- see 2062 low of FED day and broken support as Pivot for this week
[10:59] Shai : can rush up 2078 today itself if crossed
[10:59] RK : Shai Asian longs – where is the possible resistance next..riding till 823 ok or any supply in between..
[10:59] RK : Asain paints
[11:00] Shai : nice open drive in asian – should test 824/ 828
[11:01] Shai : we will review depending on closing can stl do 846 this week if open drive stays
[11:01] RK : thanks Shai..will hold for the week
[11:01] RK : Yes it makes quick 20 point moves recently eitherway..
[11:04] RK : better close could be above 795-798?
[11:07] Shai : yes
[11:07] Shai : sellers coming back
[11:08] RK : thanks
[11:08] Shai : should drp to iB low again – NF
[11:11] RK : Shai If 8492 seller gives up, can try long for 8532 with VWAP SL?
[11:16] Shai : yes
[11:17] Shai : long abv 8495 with IBH as sl for 8524
[11:24] Amit J : shai does this single print below IB satisfy FA condition or needed more auction?
[11:24] Amit J : for bn
[11:24] Varun : amit we hve 3 tpos
[11:24] Varun : below bnf
[11:25] Varun : and set up for fa ios thr in bnf
[11:25] Varun : is*
[11:25] Amit J : thanks
[11:25] Varun : more confirmation above vwap
[11:26] Varun : 🙂
[11:27] Shai : Buy BNF 18300- 18305 sl of 18260 tgt 18355
[11:34] Shai : sl taken in BNF long call- exit
[11:52] Tejpreet : Amit any news on China PBOC having announcement at 330 ist ..about possible rate cut.
[11:54] Amit J : China rallies after PBoC hints at policy easingAustralian stocks were in sharp decline but Asian indices around the region were on the upswing after the People’s Bank of China strongly hinted at imminent support for the world’s second largest
[11:54] Amit J : FT
[11:55] Tejpreet : Thanks.
[11:58] Amit J : yes talks are on. Came in shangai security news
[11:58] Amit J : look at metals to buy. hindalco tisco
[12:02] r m : bn spot has done gap fill
[12:02] Amit J : any view on hindalco or tata steel
[12:04] Shai : hindlaco no man’s land at moment 130- 131.9
[12:04] Shai : can tgt 134.8 abv 131.9 but real short covering only if 135.8 is crossed
[12:05] Shai : shorts are from 160 levels
[12:06] Shai : today’s profile does not suggest strength as yet
[12:06] Shai : in Hindalco
[12:07] Amit J : tata steel is better play for china
[12:07] Shai : tata steel goo abv 319.3
[12:07] Shai : can tgt 332/ 2335
[12:07] Shai : 335
[12:08] Shai : profile does show a move from 319.5 to 325 with sl of 315
[12:08] Shai : high probabaility long abv 319.5
[12:11] Amit J : thanks
[12:15] Shai : BNF hypo 2 in progress
[12:15] Shai : Now weak below 18330
[12:20] Sharad : Reliance 2% down 52 week low @ 806
[12:22] Janak : shai avain above 400 bn?
[12:23] Janak : pl compress bn chart for 2 min
[12:24] Janak : there – it is going back to day high riding on green of?
[12:24] Shai : vwap and 18330 res
[12:24] Shai : but buying coming
[12:24] Janak : delta +ve in both
[12:25] Janak : vwap taken
[12:25] Janak : now 330’s turn
[12:41] Janak : taken – yours! yours! as the team of a big trading house wud say to the team-leader 🙂
[12:41] r m : 🙂
[12:42] Shai : 🙂
[12:43] Janak : it must be great fun working in such a team i guess where crores worth orders are traded on a routing basis
[12:45] Shai : 18330 F is the ref
[12:45] Shai : has to show volume abv 18330 which is not happening
[12:46] Shai : Profiles are very rotational so vwap is keeping the attraction going
[12:46] Janak : yeah that means a retrace of 50-60 down to ibl?
[12:47] Shai : 18360 up and then down perhaps
[12:47] Janak : 265
[12:47] Janak : ok
[12:49] Shai : NF wants to test that 8595 F ahgain
[12:49] Shai : but now more buyers in the same price breacket
[12:50] Janak : 360 done
[12:51] Janak : nf is the only one in a hurry to go up
[12:51] Varun : are wvap bands still in 8490’s @shai
[12:52] r m : 8504 in my chart
[12:53] r m : 8499 here
[12:53] Varun : thanks
[12:53] r m : big red at 8497
[12:55] r m : Look, Janak has eloped with BNF 🙂
[12:55] Shai : BNF
[12:56] Shai : day high
[12:57] Janak : maybe another round down and then the final lap up?
[12:57] Janak : after 2 pm
[12:57] Shai : possible
[12:58] Janak : 380-400 is a solid seller
[12:58] Shai : vwap is to watch
[12:58] Janak : sending bn down 100-150 every time
[12:58] Shai : sell is below 348 only- safer
[12:58] Janak : eu open what time?
[13:00] Janak : now ibl -265
[13:00] Janak : but green is strong
[13:05] RK : Shai on Monthly TF which is the safe close for bulls? 8470s or 8550s?
[13:06] Janak : monthly must be strongly bearish i guess?
[13:07] Janak : this is a dead-cat bounce i believe and strong sellers may return any time?
[13:09] Janak : strong battle at 8500/18400
[13:11] Janak : shai do u see a fall back to 18k?
[13:13] Janak : we get either 18200 or 18500 before eod today
[13:16] Amit J : we are trading in gap area for nifty
[13:17] Janak : bn not int. in going above 400 it seems
[13:18] Janak : nf in a hurry
[13:18] Janak : strangely bn being kept around 380
[13:20] r m : big seller at 18440, looks like Janak has reversed!
[13:22] r m : (10:00) Shai :BN positional trade setup : Buy BN 18500 calls abv 18210 spot and add abv 18270 spot for 18392 tgt ( 18536 tgt 2)
[13:23] r m : that 18270 spot in striking distance
[13:24] Shai : RK monthly is weak below 8700 close
[13:25] Janak : nf is the leader today
[13:25] RK : oops..I thought even 8555 close can give some breathe to them..Feb low is 8471 s
[13:25] Shai : yes
[13:26] Janak : last chance for the sellers today here?
[13:26] Shai : 8494/ 18325 supp
[13:27] Shai : 18375*
[13:29] Shai : 2069 in mins : (10:58) Shai :Was looking at the ES charts- see 2062 low of FED day and broken support as Pivot for this week
[13:30] r m : yes, BNF above IBH was in sync
[13:30] RK : so big brother are getting ready for a party today 🙂
[13:31] Janak : a proper balancing wud require day low of 8452/18235 again in bn?
[13:31] Janak : a proper balancing wud require day low of 8452/18235 again in bn?
[13:34] Shai : we will consider it as a short squeeze opp till above 8494 and 18375
[13:34] Shai : ets weak below
[13:35] Shai : NF tgt 8524/ 8546
[13:35] Shai : BNF 18504
[13:36] Janak : delta -ve in both
[13:39] Shai : Move is on glabal- led by dax something cooking
[13:39] Shai : global scale*
[13:45] r m : 8524
[13:45] Shai : missing ticks
[13:47] Janak : bn can do now 550 also i guess
[13:47] Shai : 100 points of upside is there in BNF
[13:47] Shai : buy on dips till 18375 F holds
[13:49] Janak : 2ib is 574?
[13:49] Shai : 8460 spot
[13:49] Shai : Longs from below careful in the 8474 zone spot
[13:49] Shai : Nice place to book intra day gains and stay off
[13:50] Janak : (13:47) Shai :100 points of upside is there in BNF
[13:50] Janak : that means 575 is on?
[13:52] Shai : yes abt 571 F
[13:52] Shai : I suggested gong for it with 18500 calls earlier in the morning as it may not come intra
[13:53] Shai : But Intra day has not been a high conviction setups day today
[13:54] r m : Tatasteel hit 324.90
[13:55] RK : RM high potential to reach 330F quickly 🙂
[13:55] r m : ok
[13:55] Shai : Looking to buy BNF on dip near 18400 with sl of 18340 for clsoe at day high (intra day)
[13:56] Shai : Profile is neutral day again and high odds of neutral extreme
[13:56] Hussain : shai crossing above VAh of 26th we can use setup 1b & 2b mentioned by you?
[13:56] Janak : bn not allowed dip of more than 40 pts
[13:57] Shai : Yes Hussain – but pay attention to the weekly view also as that is on weekly profiles of spot
[13:57] Janak : next stop is 8550/18572
[13:58] Shai : seeing 8475 spot as resistance which can again alter demand/ supply
[13:58] Hussain : alright
[14:04] Hussain : will it be DD profile?
[14:11] Shai : NF a normal variation
[14:11] Varun : buying at abnomalies ?
[14:11] Varun : shai?
[14:15] Shai : yes more of a revisit candidate based on day structure
[14:15] Janak : prob. they want bn at 19k on 31st march?
[14:16] Janak : windo dressing?
[14:17] Janak : that means bn closing around 18600 today
[14:20] Tejpreet : Shai how is crompton greaves looking on charts.
[14:21] Amit J : thanks Tejpreet for china news. tata steel gave good move
[14:21] Tejpreet : I too booked small quantity of 320 call 🙂
[14:23] Shai : cromp greav good abv 165.3 all week
[14:24] Kathir : @RK your paint is colourfull now
[14:24] Shai : can do 172 and 182 is 172 crosses with volumes
[14:24] Janak : r all bank stocks going up?
[14:24] RK : Yes Kathir..let it spray further
[14:24] Tejpreet : Thanks Shai.
[14:24] RK : thing is 8470s here..we are hitting it now 🙂
[14:25] r m : @Kathir, he wants the full spectrum 🙂
[14:25] RK : 🙂
[14:26] Kathir : 🙂
[14:33] Shai : yes 8473 again on spot
[14:33] Kathir : @rm will there be any impact in our markets if there is rate cut in china?
[14:34] Shai : 8502 supp
[14:34] Shai : ntra
[14:35] r m : @Kathir, don’t know 🙁
[14:35] Kathir : oh guri is not an economist 🙂
[14:35] Amit J : metal prices rally on china so positive for sentiment and metal players
[14:35] Kathir : guru ji
[14:36] r m : alleged guruji is jack of all …. 😀
[14:37] Kathir : 🙂
[14:37] Kathir : ok amit.thanks
[14:38] Shai : BNF has to protect 18385 for neutral extreme
[14:41] Janak : shai can expect 572 now?
[14:45] Amit J : china no rate cut
[14:45] Amit J : reduce home loan installment
[14:48] Shai : yes more for housing than anuyhing else
[14:48] Shai : http://news.forexlive.com/!/pboc-to-ease-mortgage-policy—livesquawk-20150330
[14:55] Shai : auction is pushing it here
[14:55] Shai : litlle room to run up in NF
[14:56] Shai : second anomaly repaired
[15:03] Shai : 18504
[15:03] Janak : 572?
[15:04] Shai : maybe tom
[15:05] Shai : looks very stretched on intra day scale now – NF
[15:09] Rahul N : @shai whats the levels for yes bank and axis bank futures ?
[15:10] r m : nifty spot eyeing 8500
[15:11] Shai : hat 8700 ce is faially moving – 65 now
[15:12] Shai : finally*
[15:13] Shai : view was to hold it till April 7 but can cut down on wed
[15:15] Shai : yes bank 840 was supply
[15:16] Shai : reduce if 833 is not crossed tom
[15:16] Shai : abv 833 is an easy 7 point trade t 840 F. Abv 842 short covering
[15:16] Shai : all Apr F levels
[15:17] Janak : can see 19k tom?
[15:17] Janak : march closing
[15:17] Shai : axis bank 573 resistance
[15:18] Shai : supp at 561 and 550 now
[15:18] Shai : More likely to roatate 574- 550 on current volumes
[15:18] Shai : but abv 574 can jump 10 points to 584 which is second supply
[15:18] Shai : all F of april
[15:19] Shai : Janak 18392 spot positional res
[15:19] Shai : we will reevaluate the move if it goes
[15:23] Rahul N : THANKS SHAI
[15:23] Shai : MO has paid off again – should be around -20 now with this move?
[15:23] Janak : i reckon a massive gap up and a follow up shai
[15:24] Janak : a fitting march ending
[15:24] Shai : Welcome Rahul
[15:24] Janak : april series may see bn back to 20k
[15:24] Amit J : uk stress test of banks is +ve .. BOE’s Carney says UK banks are on a stronger footing
[15:24] r m : MO -19
[15:24] Shai : Ok Janak – respect your view now that you took my sl today 🙂
[15:25] r m : 🙂
[15:25] Shai : 18964 F is the tgt abv 18571 F
[15:25] Janak : respect se kaam nahin chalega ;_)
[15:25] Janak : approve karo
[15:25] Janak : eu 1% up
[15:25] RK : even my sl is hit by 4 points..239 was my BNF SL 🙂
[15:26] Shai : 18500 ce from 350 to 450
[15:27] RK : 334 was the exact price when I read your comment Shai 🙂
[15:27] Shai : yes
[15:27] Shai : 18386
[15:28] r m : you got 16 point bonus for reading it late RK 🙂
[15:28] Kathir : 🙂
[15:28] r m : spot 8500
[15:28] RK : am not in RM :)..but wait and pick helped with 8700 CE 🙂
[15:28] Kathir : @rm i read it vry advanced ..friday itself
[15:28] Shai : we could have gone more OTM but CE’s were dropping premium
[15:28] RK : gone for it on the dip on Friday..
[15:28] Shai : and it was a short squeeze trade
[15:29] r m : @Kathir, you are very far-sighted 🙂
[15:29] Kathir : 🙂
[15:30] Kathir : @shai bnf spot almost there?
[15:30] Kathir : 18393 high
[15:30] r m : Thanks and bye folks, have a great evening 🙂
[15:30] RK : its a good close in NS too..thanks and bye all..
[15:30] Tejpreet : Bye All.
[15:30] Kathir : thanks and bye all 🙂
[15:31] Shai : 18536 is we open abv 18400 tom- (10:00) Shai :BN positional trade setup : Buy BN 18500 calls abv 18210 spot and add abv 18270 spot for 18392 tgt ( 18536 tgt 2)
[15:31] Shai : Have to open abv for more squeeze
[15:31] Shai : Bye all
[15:31] Shai : Have a nice evening
[15:31] Kathir : ok shai thanks and bye
[15:31] Sachith : bye all
[15:32] Porus : Bye all