General Chat Transcript
Date and Time: March 31, 2015 09:15:37
[08:49] r m : Good Morning folks!
[08:49] r m : http://vtrender.com/levels-and-plan-for-31st-march/
[08:49] r m : http://vtrender.com/premium/orderflow-charts-and-notes-3003/
[08:49] r m : Nifty APR Future levels Key Reference Area 8576 DOWN Hypo1 below 8555➜8533➜8498 SL 8579 UP Hypo2 above 8576➜8602➜8630 SL 8555
[08:50] r m : Banknifty APR Future levels KRA 18550 UP Hypo1 above 18550➜18600➜18680 SL 18470 DOWN Hypo2 below 18440➜18372 SL 18550
[08:53] Shai : GM all
[08:54] Porus : Good Morning all
[08:56] Kathir : GM Shai RM and al friends
[08:56] Kathir : shai early today 🙂
[08:56] RK : GM Shai,RM and all
[08:57] RK : Hi Kathir
[08:57] Kathir : Hi RK
[08:59] r m : Hi Kathir, RK 🙂
[09:13] Sharad : GM all
[09:13] Kathir : Hi sharad hows usd inr doing
[09:14] Sharad : nothing great choppy for more 15 days..
[09:14] Kathir : any position
[09:14] Sharad : no position as it can go towards 62 and i do not want to sell
[09:15] Kathir : @rm bnf high 18775?
[09:17] r m : looks fictitious to me
[09:17] Sachith : GM all
[09:17] Kathir : yeah
[09:17] r m : @Kathir, all i got on the chart is 18560!
[09:18] r m : here too the same
[09:18] Kathir : ok thanks
[09:18] Shai : Open just below yesterday highs
[09:18] Shai : Kra 8576/ 18550
[09:19] Shai : 18452 supp below
[09:22] Varun : @shai will 805 apply in bnf ?
[09:22] Shai : yes
[09:22] Varun : 80%
[09:23] Shai : we go below 18420 for POC visiit
[09:23] Tejpreet : GM All
[09:23] Shai : Srll BNF below 18423 sl of 18485 tgt 18360
[09:23] Shai : sell*
[09:23] Kathir : @rm here ib high shows 18694..one tick there
[09:25] Sachith : shai… rel cap short levels
[09:25] r m : @Kathir, but no footprint visible there, Gandhiji did not leave his footprints up there 🙂
[09:26] Kathir : 🙂
[09:30] Shai : 18560 is the high
[09:32] Shai : relcap short is right belw 429 only
[09:32] Shai : abv 432 can scale up to 440
[09:33] Shai : below 429 can see 424
[09:33] Sachith : ok… thnx shai
[09:34] Kathir : @RM asian paint making RK really colourfull
[09:35] r m : 🙂
[09:35] Kathir : nice move almost nearing Shai’s trgt
[09:35] RK : boked at 822 🙂
[09:35] r m : 🙂
[09:35] Kathir : congrats RK good selection
[09:36] r m : NF oscillating between hypoland 8555-8576
[09:37] Shai : Spot abv 8460 will invite shorts to cover or book profits
[09:37] Kathir : 8560?
[09:38] r m : spot
[09:38] Shai : tgt of the move abv 8460 swing is 8542/ 8604
[09:38] Shai : yes spot swing view immediate 100
[09:39] Kathir : ok
[09:39] Shai : can buy abv 8542 spot for an aggressive 60 points to 8600 and possibly 8630
[09:40] Shai : Buyers responding now in Both NF and BNF
[09:40] Shai : More likely path today and tom is that dips will be used to cover shorts and hence dip buys become a nice trade
[09:42] Shai : OPen is an OAIR-
[09:42] Shai : we wait to see if the long term players enters after IB period and wants a range extension
[09:44] Shai : BNF buy in the afternoon over 18571 with sl of 18476 for a tgt of 18865 ( BTST)
[09:45] Kathir : @shai bnf screen
[09:47] Shai : that bad tick is very persistent- just does not want to go
[09:47] Kathir : oh ok
[09:53] RK : Shai – LIc for long- 462 possible from here?
[09:54] RK : with 437 SL
[10:00] r m : @RK, seller at 451 on 24th
[10:00] RK : in F RM?
[10:00] r m : in Cash
[10:00] RK : ok.thanks
[10:01] Shai : yes LIC good abv 442 but will battle that seller at 451
[10:01] RK : ok..thanks..let me wait then to check that 451 action..
[10:02] r m : above 454 to 462 single prints
[10:02] Shai : if it stays up abv 442 can go upto 455/ 458 but higher risk up
[10:02] RK : thanks Shai
[10:02] Shai : Auction has become rotational
[10:03] Shai : more like yesterday
[10:03] Shai : early sellers then dip buyers then 2 way and then up
[10:03] Shai : let’s see if the template works out the same even today
[10:03] Shai : we remain with a slightly more bullish mindset till we trdae abv VAH
[10:06] RK : worth to have BPCL in watchlist..moves are always directional without any lag or sluggishness..760 to 715 and back to 800 levels
[10:08] r m : Thanks RK
[10:17] Kathir : @shai any views on usd/inr ..sell from here?
[10:19] Kathir : @rm price of 18000 pe is bnf goes to 18340 today?
[10:19] Kathir : bought at 223
[10:21] r m : @Kathir 276
[10:22] Kathir : ok thanks ge
[10:22] Kathir : nf not supporting downside
[10:23] Shai : BNF in 80
[10:25] Kathir : 09:23 Shai : Srll BNF below 18423 sl of 18485 tgt 18360
[10:30] Sachith : shai … pnb short levels
[10:36] Shai : PNB weak below 151.8 can tgt 145.5 and 141
[10:36] Shai : cash levels
[10:37] Sachith : ok…thnx
[10:44] Shai : BNF exit the short trade 18460- 18465
[10:44] Shai : No follow through below VAH on 1st attempt
[10:53] Shai : We stay with the IB levels now in afternoon
[10:55] Kathir : bnf vwap?
[10:55] Shai : Look for an IB extension to qualify the move
[10:55] Shai : 18520
[10:56] Shai : I have to setp out till afternoon- Be back before closing
[10:56] r m : @Shai, that is vwap band
[10:57] r m : VWAP is around 18470
[10:57] Shai : 18470 vwap
[10:57] Kathir : ok thanks
[10:57] Kathir : @shai if possible give some other name to vwap band ..may svap something like that
[10:58] r m : 🙂
[10:59] Kathir : @rm here vwap bnf not shown
[10:59] Kathir : that bad tick guy is very bad 🙂
[10:59] r m : yes Kathir, it has vanished due to some chart issues
[11:00] r m : but it is near 470
[11:00] Kathir : ok
[11:00] Kathir : can we see vwap in mp charts?
[11:01] r m : no i don’t think so, but you can always find it on NSE
[11:02] r m : http://www.nse-india.com/live_market/dynaContent/live_watch/get_quote/GetQuoteFO.jsp?underlying=BANKNIFTY&instrument=FUTIDX&expiry=26JUN2014&type=-&strike=-
[11:02] r m : you have to enter the instument and contract there
[11:03] r m : it is 18471 right now there too
[11:03] Kathir : ok thanks ge
[11:03] r m : welcome
[11:23] Kathir : 09:39 Shai : can buy abv 8542 spot for an aggressive 60 points to 8600 and possibly 8630
[11:23] Kathir : 09:44 Shai : BNF buy in the afternoon over 18571 with sl of 18476 for a tgt of 18865 ( BTST)
[11:23] r m : that is confirmed IB breakout in spot terms
[11:24] r m : for NF
[11:25] r m : 8540 was also the POC of spot on 25th I think
[11:25] Kathir : ok
[11:27] Kathir : @rav there ?
[11:32] RK : hypo 2 time in both?
[11:32] r m : looks like that RK, will try to take a small bite in NF above IBH
[11:33] r m : real movements come along Europe open, but NSE thugs m
[11:33] RK : NF better to go for it with VAL or IBL SL
[11:35] r m : ok, I as considering 8560, low of previous two attempts, but IBL is better
[11:38] r m : seller in both
[11:40] Janak : can someone tell me the high value of 19k ce?
[11:41] Tejpreet : 233.70
[11:41] Kathir : 233.7 here
[11:41] Janak : isnt it strange? at bn 540 yday – it was at 233!
[11:41] Janak : and today bn high at 775 – it was the same!
[11:42] Kathir : janak 18775 was not traded
[11:42] Janak : and now it is just 10 down – at 223
[11:42] Kathir : traded high is 18560 around only
[11:42] Janak : oh ok
[11:42] Janak : but that tick at775 maybe touched eod
[11:43] Janak : as it usually happens
[11:44] r m : looks like that is the runner’s mark placed by Janak at open 🙂
[11:44] Janak : 🙂 picture abhi baaki hei?
[11:44] Kathir : @RM illeana is standing there with flag
[11:44] Janak : that means that open at 694 was also a freak tick?
[11:45] r m : yes Janak
[11:45] Janak : to window-dressing kab hoga sir?
[11:45] r m : @Kathir, Red or Green? Flag I mean 🙂
[11:45] Janak : 31st march 3.30 has to show bn and nf at month highs
[11:46] r m : @Janak, this one is entirely domestic stuff, FII’s accounting year is JAN to DEC
[11:46] r m : but they may collude with DII to get a high selling point at Open tomorrow 😀
[11:47] Janak : strange – looking at yday global mkt – i thought bn will open above 19k 🙂
[11:48] Janak : yday upmove from 235 to 550 – today from 405 to 705?
[11:49] Janak : or 775
[11:50] Janak : 19k ce has 1.5 lac buyers vs 27k sellers
[11:50] r m : Interest rate decision is on 7th APR, BNF has only 2 days to make up its mind
[11:51] Janak : Hypo1 above 18550➜18600➜18680 SL 18470
[11:51] Kathir : @rm int reate unchanged will be negative for mrkts?
[11:52] RK : Kathir after two quick rate cuts, I dont think neutral event would be negative
[11:52] Kathir : @RM but RR has a diff attitude..wake up in the morning he will change the int rate even before brushing
[11:52] RK : True 🙂
[11:52] r m : guess that depends on what happened during the night 😀
[11:52] Kathir : lol
[11:53] Kathir : @RK ok
[11:53] RK : axis high breaks and may be towards 574 resistance level
[11:54] Kathir : @janak shai’s view is a 60 point immediate jump if nf spot crosses 8542 comfortably
[12:06] Janak : april series has been bullish from day 1 so i m more for bullish side
[12:10] Kathir : ok
[12:12] Janak : hypo1 tgts 600/680
[12:12] Amit J : @HeadlinesToday: Union Cabinet to meet at 6.30 pm today to discuss land acquisition bill.
[12:14] Amit J : banknifty gave FA at bottom
[12:17] RK : yes FA at low
[12:20] Janak : Hypo2 above 8576➜8602➜8630 SL 8555
[12:20] Janak : both the hypos activated
[12:20] Tejpreet : Amit if land acquisition bill comes through ……..wil real estate stocks like dlf , unitech or any other move.
[12:21] Amit J : yes it should
[12:22] Tejpreet : Ok…..will keep an eye on dlf.
[12:22] Amit J : unitech better.
[12:22] Amit J : dlf has many other events
[12:22] Tejpreet : yeah true unitech moves faster 🙂
[12:31] RK : RM so you got a seller at band 🙂
[12:32] r m : yes RK 🙁
[12:32] RK : if he makes the way then good push up.lets wait 🙂
[12:32] r m : yes
[12:33] Janak : are the FIIs sellers?
[12:34] r m : they have been liquidating long index futures for quite a while
[12:35] Janak : thaty may even mean the retrance of yday’s entire move from 235?
[12:36] Janak : also there is an FA
[12:37] r m : @Janak, I don’t think institutions will take big positions before RBI, they may do what is called “crawling acquisition” 🙂
[12:40] Janak : so DII wud like to close the mkt at high and FII wud sell it off
[12:41] r m : jugalbandi 🙂
[12:42] r m : with tabla player trying to break the breath of Shehnai vadak 😀
[12:47] Janak : lol – jugalbandi to work – bn needs to go back to 235
[13:01] RK : seems market will stay till Shai resume 🙂
[13:02] r m : 🙂
[13:02] r m : Shai must have said “Stop” before leaving 🙂
[13:03] RK : when you go out for sometime and when you get back and see mkt at same levels where you left – thats “aha” moment 🙂
[13:03] RK : especially when you have too much positions with system orders placed everywhere 🙂
[13:03] r m : 🙂
[13:04] Janak : yeah but mostly that aha! tunrs to eh! in a few min after one resumes 😉
[13:04] r m : lol
[13:05] RK : Janak yeah its like eagerly sitting infront of TV for a big cricket match 🙂
[13:05] RK : aha will turn quickly into eh!! 🙂
[13:13] RK : vwap is held for time being at the same time band remains there solid with that seller over there
[13:13] r m : truce till 2:30 🙂
[13:14] r m : Shai must have taken the market remote with him 😀
[13:14] RK : 🙂
[13:15] RK : time to go for 18571 buy now for positional..
[13:17] Shai : Playing out yesterday template so far
[13:18] Shai : Including that push below VAH
[13:18] Shai : only diff was NF yesterday and BNF today when that 1st probe below vah did not meet selling
[13:18] Shai : FA in BNF at day lows
[13:19] Janak : if visited – 170 pts short right here
[13:22] Tejpreet : Janak you mean below 18405 future …170 point short move.
[13:23] Janak : no from here
[13:23] Janak : 575-405
[13:23] Tejpreet : ok got it.
[13:23] Janak : but looking at green of – looks unlikely unless a strong seller turns up
[13:23] Janak : maybe a 50 pts risky sl at 630 will work?
[13:24] Varun : thr ws a big seller abv ib
[13:24] Varun : nw showing buyer
[13:24] Janak : 80% of times FA get visited shai?
[13:25] Varun : in 12.30 candle
[13:29] Shai : Good chance for NF and BNF to move upwards in the close
[13:29] Shai : Varun – NF or BNF?
[13:29] Varun : nf
[13:29] Varun : very surprising
[13:30] RK : RM got it 🙂
[13:30] Varun : as we crossed ib high we had 93000 odd seller
[13:30] Varun : i shorted
[13:30] Varun : when i mentioned to you
[13:30] Varun : i saw seller turned into buyer
[13:30] r m : 8602
[13:30] Varun : this 83925
[13:30] RK : Yes that seller was there
[13:30] Varun : at 86
[13:30] Varun : i just covered back
[13:30] Varun : and then this zoom
[13:31] Janak : failed FA is dangerous
[13:31] r m : 🙂
[13:31] Janak : mkt will turn very bullish
[13:31] r m : @RK, survived Varun’s onslaught 🙂
[13:31] Shai : Varun when you see a 0 the system is programmed to do an auto refresh as NSE data is errorneous in 90% cases
[13:31] RK : 🙂
[13:32] Varun : 😉
[13:32] Varun : but it was not a zero
[13:32] Shai : Some buy stps gt triggered at 8605
[13:33] Shai : at 8590?
[13:33] RK : 8588 Shai that tick was
[13:33] Varun : or 86
[13:33] Varun : u go back in 5 min candle
[13:33] RK : yes 86 Varun is right
[13:33] RK : 93k was the original volume t
[13:33] Varun : and not in 5 min
[13:34] Varun : but in 15 also
[13:34] Shai : 8582 supp now
[13:37] Janak : outside chance of FA visit shai?
[13:38] Kathir : @shai nf spot high 8545 now..shall we buy some ce for tomrw if it crosses high again
[13:38] Shai : yes
[13:38] Shai : NF weak below 8580 Only Janak
[13:38] Shai : then can drop to 8564
[13:38] Rahul N : @shaishould i book axis and yes bank futures ?
[13:38] Kathir : yes for me or janak
[13:39] Shai : BNF supp at 18510
[13:39] Janak : always yes for me 😉
[13:39] Shai : can tgt 18800 FA
[13:39] Shai : Kathir buy abv 8542 spot
[13:40] Kathir : 🙂 janak then staright away ask shai will i get married to illeana
[13:40] Kathir : @shai ok thanks
[13:40] Janak : ok – shai i get life-long free subscription 😉 ileana may pay later ::
[13:40] Kathir : lol
[13:41] Shai : axis F book 50% if holding multiple and trail bal up at 567.5 then tgt is 584 if we cross this current high and sl remains
[13:42] Shai : yes bank book out
[13:44] Janak : pink awaited in bn
[13:44] Janak : if pink comes – FA is on
[13:45] Kathir : @janak you mean loes will be tested again
[13:45] Kathir : lows
[13:46] r m : @Janak, you are asking for 18405 FA and Shai is granting you 18800 FA 🙂
[13:46] Janak : yeah – to touch the FA pt
[13:46] RK : many stocks showing bullish sign..from FP chart seems index dips are helping shorts to cover..anyway VWAP is closer so long is safe
[13:46] Janak : 🙁
[13:46] Janak : shai must be watching too much of devo ka dev……granting all the OTT boons to all
[13:47] r m : @Janak, (13:39) Shai :BNF supp at 18510(13:39) Shai :can tgt 18800 FA
[13:47] Shai : BNF needs quick buyers abv 18585
[13:47] RK : Shai LT moving great..tried to dip below 1724 once but recovered quickly and moving good..
[13:47] Shai : 🙂
[13:47] Janak : with yday’s strong close all over bn cud have easily done 18800 at the open but if FIIs are selling – its gonna touch
[13:48] Shai : RM I’m conservative – Jank wanted 19000 yesterday 🙂
[13:48] r m : lol
[13:48] Janak : i wanted 19200 at the open 🙂
[13:48] r m : Janak can’t trade without getting minimum 1000 points in a go 🙂
[13:48] RK : in the mean time 8700CE doubled 🙂
[13:48] Janak : and now i want 19405
[13:49] Rahul N : thanks shai
[13:50] Janak : pink!
[13:50] Kathir : @shai are you expecting 8700 nf fut by tomrw end ?
[13:51] Shai : Still expecting that 18536 spot tgt- day low is 18264 spot where we doubled up yesterday
[13:51] Shai : Welcome Rahul
[13:51] Janak : shai first give18280 spot
[13:52] Janak : delta favoring sellers
[13:53] Shai : ok – let’s see if buyers return at 18535 then
[13:53] Janak : all depends on a counter in dehradoon
[13:54] Kathir : 🙂
[13:55] r m : ES also looking towards Dehradun maybe :
[13:55] r m : 🙂
[13:56] Janak : nf is driving the mkt up
[14:00] Janak : inverted H&S?
[14:00] RK : 18600 may attract new buyers waiting sidelines
[14:00] Kathir : There is a settlement holiday on April 01,2015 being Annual closing of Banks. However the Equity markets continue to function as normal.In lieu of the settlement holiday, shares bought on March 31, 2015 shall not be available for selling on April 01, 2015.
[14:01] RK : scaling 18500s would be nice
[14:04] Janak : seller trying very hard
[14:05] Janak : that inverted H&S looks valid?
[14:05] Shai : NF finding it difficult abv 8605F
[14:14] Varun : @shai do we have any excess/dingle prints of any values above 8600
[14:14] Varun : single
[14:16] r m : Jai ho Janak 🙂
[14:17] Janak : jai to whoever pointed that FA man
[14:17] Kathir : @shai hold ce bought above 8545 spot?
[14:18] Janak : lets c as the FA pt must come
[14:18] Varun : screen very slow
[14:18] Janak : what a theory! it is a sure trade
[14:18] Porus : wht is the FA?
[14:18] Varun : prices not updating proper
[14:18] Janak : rm FA pt is 405?
[14:19] Janak : ok so one can wait to book there
[14:19] Amit J : bn sold off again at 18400
[14:21] Varun : @shai 15 point price fidff
[14:21] Janak : 510-385
[14:21] Janak : shai baba amar rahe
[14:21] Janak : FA theory jay jay
[14:21] Janak : who pointed FA today?
[14:21] Janak : pl let me know ur bank AC 🙂
[14:22] r m : yes, you have crossed that man, too much force 🙂
[14:22] Janak : in less than 15 min – bn 625 to 375
[14:24] Janak : maybe next tgt 235?
[14:24] r m : without any impact on vwap bands!
[14:24] Janak : yday’s low pt
[14:24] Navaneeth : whoa
[14:25] Navaneeth : what happend? Any news?
[14:25] Amit J : shai your view plz
[14:25] Amit J : how much downside visible
[14:26] Janak : yeah shai pl
[14:26] Janak : yday mkt rose from 235 to 550
[14:26] Janak : so r we retracing that move?
[14:28] Amit J : 2 pm selling is always dangerus
[14:28] Janak : amit do u c 8500 nf coming today?
[14:28] Janak : than bn can do 18250
[14:30] Amit J : 2 pm selling generally accelerates at 2.40
[14:31] r m : Today was Janak’s day in Kurukshetra 🙂
[14:32] Kathir : FA at its best
[14:33] Shai : 8460 spot still supp
[14:33] Shai : both profiles are neutral now
[14:33] Janak : shai bn can do 220?
[14:33] Shai : possible
[14:34] Shai : Great going Janak
[14:34] Kathir : @shai exit that longs taken above 8545 spot here below 8460?
[14:34] Kathir : positional holding i mean ?
[14:35] Shai : yes
[14:35] Kathir : 8460 spot SL .. ok thanks shai
[14:35] Kathir : premium 45 now nf
[14:36] Janak : bn 2ib is 18100
[14:38] Varun : @shai the 116200 buyer, not seen on 15 min
[14:38] Varun : 8514 types
[14:39] Janak : shai panic sell below 250?
[14:40] Shai : Varun could be limit orders coverng the volumes
[14:40] Shai : the 5 MIn chart is aggressive players in green / red – the 15 min is total vol at price
[14:41] Varun : so tht mean the 117500 buyer didnt trade
[14:41] Varun : was just a bid
[14:42] Janak : nf managed a 100 pts fall in 30 min?
[14:42] Varun : 2 abnomalies reapired in nf anf bnf
[14:43] Varun : nd a poor high in nf
[14:43] Varun : seems we will test highs once again in coming days
[14:44] Varun : @shai cn we hve a proper profile chart
[14:44] Janak : NF delta is scarry
[14:44] Varun : it only showing
[14:44] Janak : -2 Lac +
[14:44] Varun : n profile
[14:46] Janak : 80% is also on so 240 is VAL
[14:46] Varun : thanks
[14:47] Janak : today’s man of the match is Amit J
[14:47] Janak : (12:14) Amit J:banknifty gave FA at bottom
[14:48] Amit J : 🙂
[14:48] Amit J : FA also failed 🙂
[14:49] Janak : now only if amit can give us VAL – 240
[14:50] Shai : volume was high in that selloff
[14:52] Shai : Looks like a close at 8560 F
[14:53] Janak : not below 8500?
[14:53] Kathir : @RM tomrw we cannot sell the shares bought today..this for options also?
[14:54] r m : only for cash
[14:54] Kathir : ok thanks
[14:56] r m : basically it means BTST can’t be done in cash scrips
[14:58] Kathir : ok
[15:00] Kathir : unitech 81 % position reahced
[15:00] Kathir : 91 % blocked right?
[15:03] Amit J : 95% ban
[15:05] Tejpreet : Ban means position would have to be unwinded.So is it worth initiating long …any calls Amit …unitech is one of your fav stock.
[15:05] Kathir : ok amit..all real est shares more than 80%
[15:08] Amit J : its always start close to ban only
[15:08] Amit J : any nav stock visible?
[15:22] Kathir : @shai hold the long ?
[15:23] Shai : No close
[15:24] Kathir : ok thanks
[15:27] Shai : one more down di pending now below 8460
[15:28] Shai : exit all BNF long calls
[15:30] Shai : 8532 close
[15:30] Shai : Bye all
[15:30] Shai : Have a nice evening
[15:30] Kathir : thanks and bye all
[15:30] Tejpreet : Bye All
[15:30] r m : Thanks and bye folks, have a great evening with chilled bear 😀
[15:31] Kathir : wow..DD punters happy today 🙂
[15:31] Porus : bye all
[15:31] RK : bye all
[15:32] r m : @Kathir, that:D was for spelling of bear 🙂
[15:33] Kathir : 🙂