General Chat Transcript
Room Name: Vtrender
Date and Time: February 28, 2015 09:21:28[08:55] r m : Good Morning folks!
[08:56] r m : http://vtrender.com/levels-and-plan-for-28th-feb/
[08:56] r m : http://vtrender.com/premium/orderflow-charts-and-notes-2702/
[08:56] r m : Nifty MAR Futures Key Reference Area 8900 Hypo1 above 8900➜8947➜9100 SL 8854 Hypo2 below 8809➜8752➜8641 SL 8854
[08:56] r m : Banknifty MAR Futures KRA 19210 Hypo1 above 19210➜19425➜19774➜19838 SL 19090 Hypo2 below 19090➜18950➜18600 SL 19195
[08:56] r m : Hi and bye folks, have a nice budget 🙂
[09:02] Porus : GM all
[09:13] Shai : GM all
[09:13] Sharad : GM all
[09:13] Tejpreet : Gm All
[09:14] Sumit : gm everyone
[09:14] Shai : sgx closed
[09:14] Shai : 8947 is our ref line for this open
[09:14] Shai : 19424 BNF
[09:17] Shai : not sustaining abv
[09:18] RK : GM Shai and all
[09:18] Shai : will looks to come back down fr gap fills
[09:19] Shai : a clean break if this market sustains 8947/ 19424 today
[09:19] Shai : then go with Mar 9400 ce as tgt becomes 9406
[09:23] Amit J : unitech continues
[09:24] Shai : +1
[09:24] Shai : there’s a big seller at open near 8955
[09:33] Shai : BNF looking a better long than NF here
[09:34] Shai : using 399 as sl can tgt 482, cmp 440
[09:34] Shai : abv 485 we use 19410 as sl to see if a breakout comes tgting 19774
[09:37] RK : Shai need supply resis for HUL..holding shorts from 928 but and need better SL
[09:38] RK : *fut
[09:46] Shai : RK half a min more getting the system to still wake up sat 🙂
[09:47] RK : no issues 🙂
[09:52] Rahul N : @shai any option play of bank nifty for the budget?
[09:55] Shai : 911 is a good sl now in HLl fut
[09:55] Shai : but watch price action here closely, does not look like it wants to move down below 888
[09:56] Rav : Sell 18400PE + 20500CE combined value of 400, SL 440, Target 350, 300, 250 i
[09:56] Sharad : Hi… Shai what we should buy today put or call
[09:56] Shai : Rahul using 485 to initiate go with a 20000 call option
[09:56] Shai : 19485*
[09:56] Rahul N : thanks guys
[09:56] Shai : it is most liquid
[09:56] RK : Thanks Shai..Yes it has good bottom around 885..will check…
[09:57] Shai : imm tgt is this + more next week – (09:34) Shai :abv 485 we use 19410 as sl to see if a breakout comes tgting 19774
[09:57] Shai : Sharad seller is missing still in a big way – auction with buyers
[09:58] Sharad : ok understood
[09:59] Shai : this is more a sentiment day unlike any other
[09:59] Shai : can be choppy 100 points in 2 mins kind of
[10:05] Rav : Action i seen in 18000pe and 20500ce
[10:05] Rav : is
[10:07] Vishal : the feel is of new highs and new tops.. can there be a shakeout of longs
[10:07] Vishal : not a single person on the twitter TL too is sounding bearish.. all bullish
[10:08] Amit J : even if budget isgood we should fall sharply first
[10:09] Tejpreet : Right Amit post budget sharp fall is the time to buy with SL.
[10:11] Shai : yes agree
[10:11] Shai : litlle more of bullish momentum since yesterday
[10:11] Shai : already 250 up
[10:11] Shai : come down 100 to yesterday POC and then rally will be idea
[10:11] Shai : ideal
[10:12] Shai : 8888 or lower buying volume of 8854 is best place for buy with sl of 8794
[10:18] Varun : is 8830 an abnormaly ?
[10:19] Varun : @shai
[10:19] Shai : yes 8830
[10:25] Vishal : sir 8500 pe or 8600 pe worth a punt?
[10:26] Shai : yes but sl has to be managed strictly at 8996F if going in with that
[10:26] Vishal : okiee shai
[10:27] Shai : Actaully Vishal the tape now is saying that longs are booking profits but no afrressive shorting seen yet
[10:27] Shai : agressive*
[10:28] Vishal : ok shai
[10:29] Rav : Shai How then the OI is up to the tune of 6% in BNF
[10:30] Shai : Ravi Intra day OI is not 100% trustable
[10:31] Shai : if you take a screen shot at 3.25 and compare at close it will be 2 differnt figures
[10:32] Rav : agree. what we get at 3.30 is 3.29 figures and what is happening in last 1 min is altogether different
[10:32] Shai : but often that 1 min is huge
[10:33] Shai : I used t monitor futures OI and that used to differ by abt 40000 contracts on avg
[10:33] Rav : option volume squaring of is 50-70% during that 1 min
[10:34] Shai : auto square offs then
[10:34] Shai : when day is volatile that number goes up susbstantially
[10:34] Shai : today will be a classic example
[10:42] Rav : budget carrying papers in briefcase must have arrived.when budget session starts
[10:44] RK : 11.00
[10:45] RK : https://www.youtube.com/watch?v=63RwWxyGmkU\
[10:45] RK : https://www.youtube.com/watch?v=63RwWxyGmkU
[11:02] Amit J : started
[11:02] Shai : http://loksabhatv.nic.in/
[11:03] Sumit : also at http://budgetlive.nic.in/
[11:07] Shai : vwaps are tight still
[11:10] Shai : BNF more buyers
[11:10] RK : NF too
[11:10] Shai : 490
[11:11] Navaneeth : G M all/shai bro
[11:12] Shai : random still
[11:12] Shai : No directional volumes yet
[11:12] Rav : exited bnf at cost of 19430. not worth trading with this kind of volatility
[11:13] Shai : but abv vwap buyers
[11:13] Shai : True Ravi
[11:13] Shai : post speech should get safer
[11:13] Shai : One stmt can take away gains or add losses
[11:13] Shai : high risk
[11:13] Amit J : FA is low test in banknifty
[11:14] Shai : yes FA at 19321
[11:14] Rav : If leverage trading is there, fine but with full margin, we can”t afford to risk Capital
[11:15] Shai : +1
[11:20] Shai : Bg volumes are not there
[11:20] Sharad : No big movement better to wait till finish of speech
[11:20] Shai : big houses missing?
[11:21] Shai : 41L only so far NF
[11:24] Rav : Fresh : 32316 Sq.off : 2284 Cont.traded : 167331 in NF
[11:25] Rav : Fresh : 5889 Sq.off : 1608 Cont.traded : 49845 in BNF
[11:27] Rav : 54.79 Lacs Highest OI standing at 9000CE
[11:29] Shai : Int Ravi – But how did u calulate fresh and square off ?
[11:29] Shai : calculate*
[11:33] Rav : In Visual Basic, we can set simulataneous OI addition and shedding for said Time frame to calculate how much fresh added as LBU and reduced by way of LL
[11:34] Shai : ok . Thanks
[11:34] Shai : Must be based on price move then
[11:34] Tejpreet : Heckyl.com gives same dat real time on 15 minute candle frame
[11:35] Tejpreet : data
[11:35] Rav : Exactly based on OI UP Price UP:LBU for example
[11:36] Tejpreet : some big sell volumes in last 2 candles nf.
[11:36] Shai : NF / BNF getting weaker
[11:36] Rav : If you know VB, you can even calculate for 5 min or 1 min .dangerous thing is when price change is hovering around 0 with min movement
[11:36] Shai : 8955/ 19465 now res
[11:37] Shai : 8959*
[11:38] Rav : NBFC to be treated as FI is bad news for banks
[11:40] Rav : big candle big vol in BNF
[11:41] Navaneeth : Pullback to VWAP is a sort opportunity SHai bro? (Nifty)
[11:42] Shai : yes
[11:43] Navaneeth : missed BNF short opprtunity
[11:43] Shai : bNF abv 275 will do 325/ 375
[11:44] Shai : BNF 325 mostly res now
[11:46] Shai : 19325
[11:47] Shai : large buyer showed up 19144
[11:47] Shai : still buyers at 325′
[11:48] Shai : with 300 as sl can do 400
[11:49] Shai : sl
[11:49] Rav : pulsating
[11:49] Shai : selelrs in NF
[11:49] Rav : its time to watch rather than trading..
[11:49] Shai : yes
[11:50] Shai : 1000 cr being given away today everywehere 🙂
[11:53] RK : He completes by 12.30 or 1.00?
[11:57] Shai : 12.30 mostly but once some1 went to 1.15
[11:57] Shai : NF at yesterday highs
[11:58] Tejpreet : Shai can we get footprint in BN.
[11:58] Shai : 8854 if we slip below 8794 sl of 8911
[11:58] Navaneeth : shai bro, Is that fresh trade call?
[11:58] Shai : Yes
[11:58] Navaneeth : ok
[11:59] Tejpreet : BN OK now thanks.’
[11:59] Shai : 19250 yesterday highs
[11:59] Navaneeth : 8894*
[11:59] Shai : more sellers
[12:00] Rav : at VAH
[12:02] Shai : BNF 325 whipped – was a good short theere actually
[12:04] Shai : exit if sl goes
[12:04] Shai : best part of budget up
[12:08] Navaneeth : this is why Brokers won’t offer MIS 🙂
[12:09] RK : one statement of corp tax helped to propel 60 points and to clear high 🙂
[12:10] Shai : back to 8947- 59 ref levels
[12:10] Rav : Data too with this volatility getting delayed
[12:10] Shai : that was a 100 point move
[12:11] RK : OK
[12:13] Kathir : hi all
[12:13] Sumit : hi Kathir
[12:14] RK : corp tax for next is a surprise or leaked already?
[12:14] RK : *next year
[12:14] Shai : 2017
[12:14] Shai : but should have been announced in budget 2016
[12:14] RK : 16-17?
[12:14] Shai : starting 2017
[12:14] RK : ok
[12:15] Shai : Neutral day in NF
[12:15] Shai : FA in BNF at day high now
[12:15] RK : Shai..would love to hear from you by 3.25 🙂
[12:15] Shai : NF can still swing one extreme
[12:15] Sharad : now till 1 pm prices to remain here only
[12:15] Shai : Yes RK not done yet
[12:16] RK : I meant would like to hear neutral day by EOD..don’t want jerks 🙂
[12:17] Shai : yes
[12:17] RK : axis going good
[12:17] Shai : stil neutral remains can only be center or extreme
[12:17] Shai : gaar now
[12:18] Shai : defer by 2 years
[12:18] RK : yes
[12:19] RK : seems he is in right path sofar
[12:21] Rav : speed is such that nobody can trade
[12:28] Shai : health ins was to be 30000 – why 5000 less?
[12:28] Rav : placed one lot buy order at 19390 and sell at 19490. both got triggered and confirmation comes when bn is 19399
[12:28] Shai : 🙂
[12:30] Porus : ITC on the move…
[12:31] Rav : that 18500pe and 20500ce selling premium of 440 became now 390:50 points
[12:31] Shai : vix dropped below 17.5?
[12:31] Shai : where is vix now?
[12:32] Sharad : 17.76
[12:34] Shai : thanks
[12:34] Shai : 17.5 break takes it to 12 again
[12:34] Amit J : done budget
[12:34] RK : he is winding up
[12:34] Shai : then March is for writers
[12:34] RK : sellers betting now
[12:34] Rav : ITC excise hike,IT limit not yet announced
[12:34] Shai : Nothing big in the budget- waiting for experts
[12:36] Rav : That is what AH has
[12:36] Rav : AJ
[12:36] Amit J : very good budget
[12:36] Tejpreet : Have switche doff the udget watching now………Time to look for positions:)
[12:36] Shai : move below 8900
[12:37] Shai : 8854 done
[12:37] Shai : the other buyer was at 8810- 20
[12:40] Rav : ITC 5% will get hit it seems
[12:43] Shai : 19190 supp BNF
[12:44] Sumit : market moved in +50 to -50 range. no 100-200 pts crash or breakout
[12:45] RK : Sumit..right..that’s what everyone was expecting.
[12:45] RK : though we have time left
[12:46] Sumit : yes… but big part is over
[12:46] Tejpreet : vix down no big move till now …time to buy stradlle in nifty now.
[12:47] RK : Vix may be due to big boys not in the desk today?
[12:48] Tejpreet : 9000 call and 880 put combined 235 seems good.
[12:48] Tejpreet : 8800
[12:48] RK : BN is quick this time to 425 than NF
[12:49] Rav : axis is pushing it
[12:50] Rav : ITC 410 TO 382..
[12:50] RK : Yes ITC massive turn around
[12:52] RK : ITS drags NF
[12:52] Sumit : -6% now
[12:52] RK : ITC
[12:53] Sumit : market highly volatile
[12:53] Rav : -8.5%
[12:54] RK : HUL is still up above 2% but ITC gone
[12:55] RK : excise duty on cigarattes increased by 25%
[12:56] Rav : Good for smokers
[12:58] Rav : was at 410 12:34 Rav : ITC excise hike,IT limit not yet announced
[12:59] Amit J : very good budget
[12:59] Amit J : mkt will make new high
[12:59] Rahul G : is thr more of the budjet
[12:59] Rahul G : budget
[12:59] Rav : 80 points booked 12:31 Rav : that 18500pe and 20500ce selling premium of 440 became now 390:50 points
[13:00] RK : tata motors started moving up
[13:04] Sumit : third time NF stopping around 8920-30
[13:04] Sumit : vwap?
[13:04] Shai : yes
[13:04] Shai : 8925 is vwap
[13:05] Shai : ITC dragging NF but BNF looks strong here
[13:05] Sumit : yes, I mean thats the only reason
[13:05] Rahul N : @shai , i have axis long from 575, whats the long term range ?
[13:05] Rav : Rtae cut is likely on Tuesday means,BN will hit 20172
[13:06] Sumit : Nifty flat, Bank nifty 250+
[13:06] RK : BNF will go for positional above 525
[13:06] Kris : I guess BN can be shorted with IB high+20 points for IB low and more!
[13:07] Shai : Rahul 612 in cash is a supply point
[13:07] Shai : will update Fno on Mon as vols not coming in stock F properly today
[13:07] Rahul N : np, thanks
[13:08] Shai : 2 schools of thought on that rate cut
[13:09] Shai : some people say tues and some say after inflation data on 12th
[13:10] Sumit : just read: budgets are presented solely to increase the excise duty on cigarettes 🙂
[13:10] Rav : consumers will bear as usual.
[13:12] RK : Shai Tata motors next supply at top?
[13:13] Shai : looking at 8790 spot as closing price today
[13:13] Shai : that will be neutral extreme down
[13:15] Shai : about 610 RK
[13:15] RK : fine.thanks
[13:15] Shai : I’m getting stock data today through a workaround- May not be highly accurate- request you to check back again on Mon
[13:16] RK : Sure
[13:16] Shai : The system is not programmed for a Sat trading , creating difficulty to see correct volumes
[13:16] RK : got it
[13:16] Shai : Indices are fine
[13:17] Sumit : in Zerodha ‘Set Security Alert’ what is TWS (tickmarked by default)
[13:17] Shai : Sumit, out Local Zerodha expert RM is out today
[13:17] Sumit : ya, thought so 🙂
[13:17] Shai : 🙂
[13:18] Shai : He has that ability to get you an answer for anything under the Sun not just Zerodha
[13:18] Kris : (13:06) Kris :I guess BN can be shorted with IB high+20 points for IB low and more!
[13:18] Shai : 8852 may not hold here
[13:20] Sumit : yes Shai. very true
[13:20] Shai : upto 8812- 8824 to defend
[13:21] Shai : Volume has hit 178 L with 2 hours to go- so big money is here
[13:22] Tejpreet : 8750 spot in line
[13:23] Kris : ok – booked most at 19220
[13:23] Shai : using 8794 as sl go for a contra trade
[13:23] Shai : lots of buyers here like yesterday at 8810- 20
[13:23] Kris : 200 points – not bad – specially – waiting time was less 🙂
[13:23] Tejpreet : Shai if we close below 8750 spot can positional shorts be created.
[13:24] Tejpreet : Great trade Kris.
[13:24] Shai : Yes Tejpreet but what happens of a day like today is that the close needs to be matched by Monday Open
[13:24] Shai : If Open below 8750 spot then short is good
[13:25] Tejpreet : Ok …so no fresh short till Monday.
[13:27] Shai : tgt 8855/ 8888 sl 8794
[13:27] Kris : @Shai – good idea!
[13:28] Kris : @Shai – if Rm was around, he would have said – these contra idea’s of Kris finally caught the Master as well 🙂
[13:28] Shai : Good Trade Kris 🙂
[13:29] Rav : today it danced many times from low to high-low
[13:32] Rav : as there was no leverage trade today, opertaors and biggies are shaking to the max extent possible for sl. but positional holders will not put sl is system today
[13:33] Rav : in
[13:34] RK : ITC freeze
[13:35] Rav : then nifty will go down
[13:37] RK : hit 10%
[13:41] Shai : Book NF
[13:42] Sumit : good call Shai
[13:44] Shai : 🙂
[13:44] Shai : 1.15 is that wave of selling 8880
[13:44] Vishal : shai u feel in march ur original tgts of above 9000 nifty possible?
[13:45] Shai : Vishal yes possible our ref line if 8750/55 spot cllsoing basis
[13:46] Shai : vwap of Feb
[13:46] Shai : if Mon opens below then we will rethink
[13:46] Vishal : ok shai
[13:48] Shai : The FM will come on all news channels tonight and give another view of today’s budget- so Mon Open could be different from today’s close
[13:49] Shai : Plus institutions start rolling out anaysis from 2.00 pm onwards all affecting Mon open again
[13:49] Shai : devil is always in the fine print
[13:50] Shai : It is not a compliacted budget
[13:50] Shai : But wouldn’t we all have loved a STT reduction?
[13:50] Shai : everything else be damned 🙂
[13:51] Tejpreet : Anything to reduce the trading cost 🙂
[13:53] Shai : If your brokerage can give a breakup of brokerage + stt + stamp duty just calculate your outgo every month in fno
[13:54] Rav : stt how much reduced?
[13:55] Tejpreet : No Reduction.
[13:55] Rav : all the benficiary stocks are going down and others up
[13:55] Rav : means buying by fii
[13:57] RK : stamp duty is Rs.600/crore in TN
[13:57] RK : I think we are the highest 🙂
[13:58] Rav : 0.006% highest of all RK
[13:58] Rav : You are in TN
[13:59] RK : Rav 2 hrs drive from your native 🙂
[13:59] RK : me and Kathir in 1 hr drive distance 🙂
[14:00] RK : even with least brokerage, we need 3.5 of NF to break even cost
[14:01] Sharad : Ravi beneficiary stocks means ?
[14:01] Rav : Karur and Erode
[14:01] Rav : I am living in Chennai and Cbe
[14:02] RK : Yes Rav
[14:03] Rav : I travel through Road only to Cbe mostly
[14:03] Rav : bnf
[14:04] Shai : Buy NF abv 8880 sl of 8852 tgt 8925/ 8961
[14:04] RK : oh! then we can meet Rav next time when you are convenient..
[14:04] Rav : they bought heavily at bootom
[14:04] Rav : definitely
[14:07] Rav : if ot closes at shai level of 19425 mon opening is likely at 19774
[14:11] RK : Axis had a great run today..back to 600levels
[14:12] Rahul N : @shai whats the levels for dlf future?
[14:14] Amit J : shai neutral day in both. what kind of closing is expected?
[14:14] Shai : don’t have stock F today, but dlf at supply point 155
[14:14] Shai : no big strength till 159 is taken out dlf
[14:14] Shai : cash
[14:15] Shai : Can still be neutral extreme Amit
[14:15] Shai : day center is 8890/ 19317 today
[14:16] Amit J : thanks
[14:19] Shai : Much of the selling from 8880 is neutralised now
[14:20] Shai : blue buyers from lows
[14:27] Rav : above 19515….
[14:28] Amit J : looks like nuetral extreme in banknifty
[14:28] Shai : yes break attempt – sl has to be below 19470 to ensure it does not slip back
[14:28] Shai : so far yes Amit
[14:30] Rav : band widening
[14:30] Shai : sustained buying
[14:30] Shai : yesterday same rise from 8810 – 8899 had neg delta
[14:30] Shai : all blue now
[14:32] Rav : sbi is about to join
[14:45] Rav : 14:27 Rav : above 19515….
[14:47] Sharad : wow Ravi… great call
[14:48] Rav : 9-10% Long got added in NF BNF
[14:50] Rav : 20172 pos Target
[14:51] Amit J : what a move
[14:52] Rav : Intra booked at 19710
[14:53] Shai : NF needs a nit more
[14:54] Rav : 19840 Inta T
[14:54] Rav : HI VOL
[14:55] Sharad : BNG great going
[14:55] Rav : last 3 candles
[14:55] Sharad : BNF
[14:55] RK : 8750 protected for 9100 and 9400 F 🙂
[14:56] Rav : hdfc bank come on…
[14:58] Shai : high 8947
[15:00] Shai : BNF getting sellers
[15:00] Shai : restest of 608 will be a great weekend buy
[15:01] Navaneeth : positional long?
[15:01] Shai : yes
[15:02] RK : morning original view of dip buy at 8850 with SL 8794 was great one..
[15:02] RK : and the next one for 8880 with 8854 SL too..great Shai 🙂
[15:02] Shai : RK all based on fen series vwap 8750
[15:02] Rahul N : @shai whats the levels for yes bank ?
[15:02] Shai : current day low
[15:03] RK : Yes
[15:04] Shai : yes bank positional tgt 896
[15:05] Rav : 19218 onwards BN LBU Fresh : 17493 Sq.off : 9725 Cont.traded : 252981
[15:06] Shai : has to stay abv 839/841
[15:06] Rav : Fresh : 17493 Sq.off : 9725 Cont.traded : 252981
[15:10] Rav : Fresh : 17493 Sq.off : 9725 Cont.traded : 252981
[15:10] Shai : NF still 50 poits for neutrale xt
[15:10] Shai : BNF tere already
[15:10] Sharad : VIX 17.05
[15:12] Shai : huge buying
[15:12] Rav : 19860 t
[15:12] Rav : intra
[15:14] RK : 8965 done 🙂
[15:14] Shai : neuta ext is at 8990
[15:14] Rav : bookd at 19860
[15:16] Rav : 20172 is seen as pos Target
[15:18] Shai : yes
[15:18] Shai : but will give a dip again Mon unless we get a gapup
[15:19] Shai : 8970
[15:19] Shai : 20 ore
[15:22] Amit J : almost 8990
[15:23] Shai : yes good enough for neutral ext
[15:23] Shai : Mon needs a follow up abv these highs for new momentum
[15:26] Amit J : people whom i spoke to are extremelly positive on budget.
[15:26] Amit J : shai any view on tata steel
[15:26] Amit J : for long
[15:26] Vishal : shai u got it
[15:26] Vishal : u asked for it 8990 and its here
[15:27] Rav : 19980 next intra t
[15:28] Amit J : superb call on 20000 banknifty cal
[15:28] Shai : Market Profile Vishal
[15:28] Shai : neutral extreme close
[15:28] Tejpreet : Yeah great calls all along the day Shai ..thanks.
[15:28] Vishal : sorry but its a good sign na?
[15:29] Vishal : i dont know neutral extreme profile outcome
[15:29] Tejpreet : Best strategy book out verything now …wait for Monday morning after budget discussion in evening.
[15:29] Shai : yes
[15:30] Shai : red at highs is profits being taken
[15:30] Shai : Bye all
[15:30] Shai : enjoty the rest of the weekend
[15:30] Porus : Bye all
[15:30] Shai : see you all Mon
[15:30] Tejpreet : Bye All.
[15:31] Navaneeth : bye
[15:31] RK : bye all
[15:32] Vishal : thanks a lot shai
Date and Time: February 28, 2015 09:21:28[08:55] r m : Good Morning folks!
[08:56] r m : http://vtrender.com/levels-and-plan-for-28th-feb/
[08:56] r m : http://vtrender.com/premium/orderflow-charts-and-notes-2702/
[08:56] r m : Nifty MAR Futures Key Reference Area 8900 Hypo1 above 8900➜8947➜9100 SL 8854 Hypo2 below 8809➜8752➜8641 SL 8854
[08:56] r m : Banknifty MAR Futures KRA 19210 Hypo1 above 19210➜19425➜19774➜19838 SL 19090 Hypo2 below 19090➜18950➜18600 SL 19195
[08:56] r m : Hi and bye folks, have a nice budget 🙂
[09:02] Porus : GM all
[09:13] Shai : GM all
[09:13] Sharad : GM all
[09:13] Tejpreet : Gm All
[09:14] Sumit : gm everyone
[09:14] Shai : sgx closed
[09:14] Shai : 8947 is our ref line for this open
[09:14] Shai : 19424 BNF
[09:17] Shai : not sustaining abv
[09:18] RK : GM Shai and all
[09:18] Shai : will looks to come back down fr gap fills
[09:19] Shai : a clean break if this market sustains 8947/ 19424 today
[09:19] Shai : then go with Mar 9400 ce as tgt becomes 9406
[09:23] Amit J : unitech continues
[09:24] Shai : +1
[09:24] Shai : there’s a big seller at open near 8955
[09:33] Shai : BNF looking a better long than NF here
[09:34] Shai : using 399 as sl can tgt 482, cmp 440
[09:34] Shai : abv 485 we use 19410 as sl to see if a breakout comes tgting 19774
[09:37] RK : Shai need supply resis for HUL..holding shorts from 928 but and need better SL
[09:38] RK : *fut
[09:46] Shai : RK half a min more getting the system to still wake up sat 🙂
[09:47] RK : no issues 🙂
[09:52] Rahul N : @shai any option play of bank nifty for the budget?
[09:55] Shai : 911 is a good sl now in HLl fut
[09:55] Shai : but watch price action here closely, does not look like it wants to move down below 888
[09:56] Rav : Sell 18400PE + 20500CE combined value of 400, SL 440, Target 350, 300, 250 i
[09:56] Sharad : Hi… Shai what we should buy today put or call
[09:56] Shai : Rahul using 485 to initiate go with a 20000 call option
[09:56] Shai : 19485*
[09:56] Rahul N : thanks guys
[09:56] Shai : it is most liquid
[09:56] RK : Thanks Shai..Yes it has good bottom around 885..will check…
[09:57] Shai : imm tgt is this + more next week – (09:34) Shai :abv 485 we use 19410 as sl to see if a breakout comes tgting 19774
[09:57] Shai : Sharad seller is missing still in a big way – auction with buyers
[09:58] Sharad : ok understood
[09:59] Shai : this is more a sentiment day unlike any other
[09:59] Shai : can be choppy 100 points in 2 mins kind of
[10:05] Rav : Action i seen in 18000pe and 20500ce
[10:05] Rav : is
[10:07] Vishal : the feel is of new highs and new tops.. can there be a shakeout of longs
[10:07] Vishal : not a single person on the twitter TL too is sounding bearish.. all bullish
[10:08] Amit J : even if budget isgood we should fall sharply first
[10:09] Tejpreet : Right Amit post budget sharp fall is the time to buy with SL.
[10:11] Shai : yes agree
[10:11] Shai : litlle more of bullish momentum since yesterday
[10:11] Shai : already 250 up
[10:11] Shai : come down 100 to yesterday POC and then rally will be idea
[10:11] Shai : ideal
[10:12] Shai : 8888 or lower buying volume of 8854 is best place for buy with sl of 8794
[10:18] Varun : is 8830 an abnormaly ?
[10:19] Varun : @shai
[10:19] Shai : yes 8830
[10:25] Vishal : sir 8500 pe or 8600 pe worth a punt?
[10:26] Shai : yes but sl has to be managed strictly at 8996F if going in with that
[10:26] Vishal : okiee shai
[10:27] Shai : Actaully Vishal the tape now is saying that longs are booking profits but no afrressive shorting seen yet
[10:27] Shai : agressive*
[10:28] Vishal : ok shai
[10:29] Rav : Shai How then the OI is up to the tune of 6% in BNF
[10:30] Shai : Ravi Intra day OI is not 100% trustable
[10:31] Shai : if you take a screen shot at 3.25 and compare at close it will be 2 differnt figures
[10:32] Rav : agree. what we get at 3.30 is 3.29 figures and what is happening in last 1 min is altogether different
[10:32] Shai : but often that 1 min is huge
[10:33] Shai : I used t monitor futures OI and that used to differ by abt 40000 contracts on avg
[10:33] Rav : option volume squaring of is 50-70% during that 1 min
[10:34] Shai : auto square offs then
[10:34] Shai : when day is volatile that number goes up susbstantially
[10:34] Shai : today will be a classic example
[10:42] Rav : budget carrying papers in briefcase must have arrived.when budget session starts
[10:44] RK : 11.00
[10:45] RK : https://www.youtube.com/watch?v=63RwWxyGmkU\
[10:45] RK : https://www.youtube.com/watch?v=63RwWxyGmkU
[11:02] Amit J : started
[11:02] Shai : http://loksabhatv.nic.in/
[11:03] Sumit : also at http://budgetlive.nic.in/
[11:07] Shai : vwaps are tight still
[11:10] Shai : BNF more buyers
[11:10] RK : NF too
[11:10] Shai : 490
[11:11] Navaneeth : G M all/shai bro
[11:12] Shai : random still
[11:12] Shai : No directional volumes yet
[11:12] Rav : exited bnf at cost of 19430. not worth trading with this kind of volatility
[11:13] Shai : but abv vwap buyers
[11:13] Shai : True Ravi
[11:13] Shai : post speech should get safer
[11:13] Shai : One stmt can take away gains or add losses
[11:13] Shai : high risk
[11:13] Amit J : FA is low test in banknifty
[11:14] Shai : yes FA at 19321
[11:14] Rav : If leverage trading is there, fine but with full margin, we can”t afford to risk Capital
[11:15] Shai : +1
[11:20] Shai : Bg volumes are not there
[11:20] Sharad : No big movement better to wait till finish of speech
[11:20] Shai : big houses missing?
[11:21] Shai : 41L only so far NF
[11:24] Rav : Fresh : 32316 Sq.off : 2284 Cont.traded : 167331 in NF
[11:25] Rav : Fresh : 5889 Sq.off : 1608 Cont.traded : 49845 in BNF
[11:27] Rav : 54.79 Lacs Highest OI standing at 9000CE
[11:29] Shai : Int Ravi – But how did u calulate fresh and square off ?
[11:29] Shai : calculate*
[11:33] Rav : In Visual Basic, we can set simulataneous OI addition and shedding for said Time frame to calculate how much fresh added as LBU and reduced by way of LL
[11:34] Shai : ok . Thanks
[11:34] Shai : Must be based on price move then
[11:34] Tejpreet : Heckyl.com gives same dat real time on 15 minute candle frame
[11:35] Tejpreet : data
[11:35] Rav : Exactly based on OI UP Price UP:LBU for example
[11:36] Tejpreet : some big sell volumes in last 2 candles nf.
[11:36] Shai : NF / BNF getting weaker
[11:36] Rav : If you know VB, you can even calculate for 5 min or 1 min .dangerous thing is when price change is hovering around 0 with min movement
[11:36] Shai : 8955/ 19465 now res
[11:37] Shai : 8959*
[11:38] Rav : NBFC to be treated as FI is bad news for banks
[11:40] Rav : big candle big vol in BNF
[11:41] Navaneeth : Pullback to VWAP is a sort opportunity SHai bro? (Nifty)
[11:42] Shai : yes
[11:43] Navaneeth : missed BNF short opprtunity
[11:43] Shai : bNF abv 275 will do 325/ 375
[11:44] Shai : BNF 325 mostly res now
[11:46] Shai : 19325
[11:47] Shai : large buyer showed up 19144
[11:47] Shai : still buyers at 325′
[11:48] Shai : with 300 as sl can do 400
[11:49] Shai : sl
[11:49] Rav : pulsating
[11:49] Shai : selelrs in NF
[11:49] Rav : its time to watch rather than trading..
[11:49] Shai : yes
[11:50] Shai : 1000 cr being given away today everywehere 🙂
[11:53] RK : He completes by 12.30 or 1.00?
[11:57] Shai : 12.30 mostly but once some1 went to 1.15
[11:57] Shai : NF at yesterday highs
[11:58] Tejpreet : Shai can we get footprint in BN.
[11:58] Shai : 8854 if we slip below 8794 sl of 8911
[11:58] Navaneeth : shai bro, Is that fresh trade call?
[11:58] Shai : Yes
[11:58] Navaneeth : ok
[11:59] Tejpreet : BN OK now thanks.’
[11:59] Shai : 19250 yesterday highs
[11:59] Navaneeth : 8894*
[11:59] Shai : more sellers
[12:00] Rav : at VAH
[12:02] Shai : BNF 325 whipped – was a good short theere actually
[12:04] Shai : exit if sl goes
[12:04] Shai : best part of budget up
[12:08] Navaneeth : this is why Brokers won’t offer MIS 🙂
[12:09] RK : one statement of corp tax helped to propel 60 points and to clear high 🙂
[12:10] Shai : back to 8947- 59 ref levels
[12:10] Rav : Data too with this volatility getting delayed
[12:10] Shai : that was a 100 point move
[12:11] RK : OK
[12:13] Kathir : hi all
[12:13] Sumit : hi Kathir
[12:14] RK : corp tax for next is a surprise or leaked already?
[12:14] RK : *next year
[12:14] Shai : 2017
[12:14] Shai : but should have been announced in budget 2016
[12:14] RK : 16-17?
[12:14] Shai : starting 2017
[12:14] RK : ok
[12:15] Shai : Neutral day in NF
[12:15] Shai : FA in BNF at day high now
[12:15] RK : Shai..would love to hear from you by 3.25 🙂
[12:15] Shai : NF can still swing one extreme
[12:15] Sharad : now till 1 pm prices to remain here only
[12:15] Shai : Yes RK not done yet
[12:16] RK : I meant would like to hear neutral day by EOD..don’t want jerks 🙂
[12:17] Shai : yes
[12:17] RK : axis going good
[12:17] Shai : stil neutral remains can only be center or extreme
[12:17] Shai : gaar now
[12:18] Shai : defer by 2 years
[12:18] RK : yes
[12:19] RK : seems he is in right path sofar
[12:21] Rav : speed is such that nobody can trade
[12:28] Shai : health ins was to be 30000 – why 5000 less?
[12:28] Rav : placed one lot buy order at 19390 and sell at 19490. both got triggered and confirmation comes when bn is 19399
[12:28] Shai : 🙂
[12:30] Porus : ITC on the move…
[12:31] Rav : that 18500pe and 20500ce selling premium of 440 became now 390:50 points
[12:31] Shai : vix dropped below 17.5?
[12:31] Shai : where is vix now?
[12:32] Sharad : 17.76
[12:34] Shai : thanks
[12:34] Shai : 17.5 break takes it to 12 again
[12:34] Amit J : done budget
[12:34] RK : he is winding up
[12:34] Shai : then March is for writers
[12:34] RK : sellers betting now
[12:34] Rav : ITC excise hike,IT limit not yet announced
[12:34] Shai : Nothing big in the budget- waiting for experts
[12:36] Rav : That is what AH has
[12:36] Rav : AJ
[12:36] Amit J : very good budget
[12:36] Tejpreet : Have switche doff the udget watching now………Time to look for positions:)
[12:36] Shai : move below 8900
[12:37] Shai : 8854 done
[12:37] Shai : the other buyer was at 8810- 20
[12:40] Rav : ITC 5% will get hit it seems
[12:43] Shai : 19190 supp BNF
[12:44] Sumit : market moved in +50 to -50 range. no 100-200 pts crash or breakout
[12:45] RK : Sumit..right..that’s what everyone was expecting.
[12:45] RK : though we have time left
[12:46] Sumit : yes… but big part is over
[12:46] Tejpreet : vix down no big move till now …time to buy stradlle in nifty now.
[12:47] RK : Vix may be due to big boys not in the desk today?
[12:48] Tejpreet : 9000 call and 880 put combined 235 seems good.
[12:48] Tejpreet : 8800
[12:48] RK : BN is quick this time to 425 than NF
[12:49] Rav : axis is pushing it
[12:50] Rav : ITC 410 TO 382..
[12:50] RK : Yes ITC massive turn around
[12:52] RK : ITS drags NF
[12:52] Sumit : -6% now
[12:52] RK : ITC
[12:53] Sumit : market highly volatile
[12:53] Rav : -8.5%
[12:54] RK : HUL is still up above 2% but ITC gone
[12:55] RK : excise duty on cigarattes increased by 25%
[12:56] Rav : Good for smokers
[12:58] Rav : was at 410 12:34 Rav : ITC excise hike,IT limit not yet announced
[12:59] Amit J : very good budget
[12:59] Amit J : mkt will make new high
[12:59] Rahul G : is thr more of the budjet
[12:59] Rahul G : budget
[12:59] Rav : 80 points booked 12:31 Rav : that 18500pe and 20500ce selling premium of 440 became now 390:50 points
[13:00] RK : tata motors started moving up
[13:04] Sumit : third time NF stopping around 8920-30
[13:04] Sumit : vwap?
[13:04] Shai : yes
[13:04] Shai : 8925 is vwap
[13:05] Shai : ITC dragging NF but BNF looks strong here
[13:05] Sumit : yes, I mean thats the only reason
[13:05] Rahul N : @shai , i have axis long from 575, whats the long term range ?
[13:05] Rav : Rtae cut is likely on Tuesday means,BN will hit 20172
[13:06] Sumit : Nifty flat, Bank nifty 250+
[13:06] RK : BNF will go for positional above 525
[13:06] Kris : I guess BN can be shorted with IB high+20 points for IB low and more!
[13:07] Shai : Rahul 612 in cash is a supply point
[13:07] Shai : will update Fno on Mon as vols not coming in stock F properly today
[13:07] Rahul N : np, thanks
[13:08] Shai : 2 schools of thought on that rate cut
[13:09] Shai : some people say tues and some say after inflation data on 12th
[13:10] Sumit : just read: budgets are presented solely to increase the excise duty on cigarettes 🙂
[13:10] Rav : consumers will bear as usual.
[13:12] RK : Shai Tata motors next supply at top?
[13:13] Shai : looking at 8790 spot as closing price today
[13:13] Shai : that will be neutral extreme down
[13:15] Shai : about 610 RK
[13:15] RK : fine.thanks
[13:15] Shai : I’m getting stock data today through a workaround- May not be highly accurate- request you to check back again on Mon
[13:16] RK : Sure
[13:16] Shai : The system is not programmed for a Sat trading , creating difficulty to see correct volumes
[13:16] RK : got it
[13:16] Shai : Indices are fine
[13:17] Sumit : in Zerodha ‘Set Security Alert’ what is TWS (tickmarked by default)
[13:17] Shai : Sumit, out Local Zerodha expert RM is out today
[13:17] Sumit : ya, thought so 🙂
[13:17] Shai : 🙂
[13:18] Shai : He has that ability to get you an answer for anything under the Sun not just Zerodha
[13:18] Kris : (13:06) Kris :I guess BN can be shorted with IB high+20 points for IB low and more!
[13:18] Shai : 8852 may not hold here
[13:20] Sumit : yes Shai. very true
[13:20] Shai : upto 8812- 8824 to defend
[13:21] Shai : Volume has hit 178 L with 2 hours to go- so big money is here
[13:22] Tejpreet : 8750 spot in line
[13:23] Kris : ok – booked most at 19220
[13:23] Shai : using 8794 as sl go for a contra trade
[13:23] Shai : lots of buyers here like yesterday at 8810- 20
[13:23] Kris : 200 points – not bad – specially – waiting time was less 🙂
[13:23] Tejpreet : Shai if we close below 8750 spot can positional shorts be created.
[13:24] Tejpreet : Great trade Kris.
[13:24] Shai : Yes Tejpreet but what happens of a day like today is that the close needs to be matched by Monday Open
[13:24] Shai : If Open below 8750 spot then short is good
[13:25] Tejpreet : Ok …so no fresh short till Monday.
[13:27] Shai : tgt 8855/ 8888 sl 8794
[13:27] Kris : @Shai – good idea!
[13:28] Kris : @Shai – if Rm was around, he would have said – these contra idea’s of Kris finally caught the Master as well 🙂
[13:28] Shai : Good Trade Kris 🙂
[13:29] Rav : today it danced many times from low to high-low
[13:32] Rav : as there was no leverage trade today, opertaors and biggies are shaking to the max extent possible for sl. but positional holders will not put sl is system today
[13:33] Rav : in
[13:34] RK : ITC freeze
[13:35] Rav : then nifty will go down
[13:37] RK : hit 10%
[13:41] Shai : Book NF
[13:42] Sumit : good call Shai
[13:44] Shai : 🙂
[13:44] Shai : 1.15 is that wave of selling 8880
[13:44] Vishal : shai u feel in march ur original tgts of above 9000 nifty possible?
[13:45] Shai : Vishal yes possible our ref line if 8750/55 spot cllsoing basis
[13:46] Shai : vwap of Feb
[13:46] Shai : if Mon opens below then we will rethink
[13:46] Vishal : ok shai
[13:48] Shai : The FM will come on all news channels tonight and give another view of today’s budget- so Mon Open could be different from today’s close
[13:49] Shai : Plus institutions start rolling out anaysis from 2.00 pm onwards all affecting Mon open again
[13:49] Shai : devil is always in the fine print
[13:50] Shai : It is not a compliacted budget
[13:50] Shai : But wouldn’t we all have loved a STT reduction?
[13:50] Shai : everything else be damned 🙂
[13:51] Tejpreet : Anything to reduce the trading cost 🙂
[13:53] Shai : If your brokerage can give a breakup of brokerage + stt + stamp duty just calculate your outgo every month in fno
[13:54] Rav : stt how much reduced?
[13:55] Tejpreet : No Reduction.
[13:55] Rav : all the benficiary stocks are going down and others up
[13:55] Rav : means buying by fii
[13:57] RK : stamp duty is Rs.600/crore in TN
[13:57] RK : I think we are the highest 🙂
[13:58] Rav : 0.006% highest of all RK
[13:58] Rav : You are in TN
[13:59] RK : Rav 2 hrs drive from your native 🙂
[13:59] RK : me and Kathir in 1 hr drive distance 🙂
[14:00] RK : even with least brokerage, we need 3.5 of NF to break even cost
[14:01] Sharad : Ravi beneficiary stocks means ?
[14:01] Rav : Karur and Erode
[14:01] Rav : I am living in Chennai and Cbe
[14:02] RK : Yes Rav
[14:03] Rav : I travel through Road only to Cbe mostly
[14:03] Rav : bnf
[14:04] Shai : Buy NF abv 8880 sl of 8852 tgt 8925/ 8961
[14:04] RK : oh! then we can meet Rav next time when you are convenient..
[14:04] Rav : they bought heavily at bootom
[14:04] Rav : definitely
[14:07] Rav : if ot closes at shai level of 19425 mon opening is likely at 19774
[14:11] RK : Axis had a great run today..back to 600levels
[14:12] Rahul N : @shai whats the levels for dlf future?
[14:14] Amit J : shai neutral day in both. what kind of closing is expected?
[14:14] Shai : don’t have stock F today, but dlf at supply point 155
[14:14] Shai : no big strength till 159 is taken out dlf
[14:14] Shai : cash
[14:15] Shai : Can still be neutral extreme Amit
[14:15] Shai : day center is 8890/ 19317 today
[14:16] Amit J : thanks
[14:19] Shai : Much of the selling from 8880 is neutralised now
[14:20] Shai : blue buyers from lows
[14:27] Rav : above 19515….
[14:28] Amit J : looks like nuetral extreme in banknifty
[14:28] Shai : yes break attempt – sl has to be below 19470 to ensure it does not slip back
[14:28] Shai : so far yes Amit
[14:30] Rav : band widening
[14:30] Shai : sustained buying
[14:30] Shai : yesterday same rise from 8810 – 8899 had neg delta
[14:30] Shai : all blue now
[14:32] Rav : sbi is about to join
[14:45] Rav : 14:27 Rav : above 19515….
[14:47] Sharad : wow Ravi… great call
[14:48] Rav : 9-10% Long got added in NF BNF
[14:50] Rav : 20172 pos Target
[14:51] Amit J : what a move
[14:52] Rav : Intra booked at 19710
[14:53] Shai : NF needs a nit more
[14:54] Rav : 19840 Inta T
[14:54] Rav : HI VOL
[14:55] Sharad : BNG great going
[14:55] Rav : last 3 candles
[14:55] Sharad : BNF
[14:55] RK : 8750 protected for 9100 and 9400 F 🙂
[14:56] Rav : hdfc bank come on…
[14:58] Shai : high 8947
[15:00] Shai : BNF getting sellers
[15:00] Shai : restest of 608 will be a great weekend buy
[15:01] Navaneeth : positional long?
[15:01] Shai : yes
[15:02] RK : morning original view of dip buy at 8850 with SL 8794 was great one..
[15:02] RK : and the next one for 8880 with 8854 SL too..great Shai 🙂
[15:02] Shai : RK all based on fen series vwap 8750
[15:02] Rahul N : @shai whats the levels for yes bank ?
[15:02] Shai : current day low
[15:03] RK : Yes
[15:04] Shai : yes bank positional tgt 896
[15:05] Rav : 19218 onwards BN LBU Fresh : 17493 Sq.off : 9725 Cont.traded : 252981
[15:06] Shai : has to stay abv 839/841
[15:06] Rav : Fresh : 17493 Sq.off : 9725 Cont.traded : 252981
[15:10] Rav : Fresh : 17493 Sq.off : 9725 Cont.traded : 252981
[15:10] Shai : NF still 50 poits for neutrale xt
[15:10] Shai : BNF tere already
[15:10] Sharad : VIX 17.05
[15:12] Shai : huge buying
[15:12] Rav : 19860 t
[15:12] Rav : intra
[15:14] RK : 8965 done 🙂
[15:14] Shai : neuta ext is at 8990
[15:14] Rav : bookd at 19860
[15:16] Rav : 20172 is seen as pos Target
[15:18] Shai : yes
[15:18] Shai : but will give a dip again Mon unless we get a gapup
[15:19] Shai : 8970
[15:19] Shai : 20 ore
[15:22] Amit J : almost 8990
[15:23] Shai : yes good enough for neutral ext
[15:23] Shai : Mon needs a follow up abv these highs for new momentum
[15:26] Amit J : people whom i spoke to are extremelly positive on budget.
[15:26] Amit J : shai any view on tata steel
[15:26] Amit J : for long
[15:26] Vishal : shai u got it
[15:26] Vishal : u asked for it 8990 and its here
[15:27] Rav : 19980 next intra t
[15:28] Amit J : superb call on 20000 banknifty cal
[15:28] Shai : Market Profile Vishal
[15:28] Shai : neutral extreme close
[15:28] Tejpreet : Yeah great calls all along the day Shai ..thanks.
[15:28] Vishal : sorry but its a good sign na?
[15:29] Vishal : i dont know neutral extreme profile outcome
[15:29] Tejpreet : Best strategy book out verything now …wait for Monday morning after budget discussion in evening.
[15:29] Shai : yes
[15:30] Shai : red at highs is profits being taken
[15:30] Shai : Bye all
[15:30] Shai : enjoty the rest of the weekend
[15:30] Porus : Bye all
[15:30] Shai : see you all Mon
[15:30] Tejpreet : Bye All.
[15:31] Navaneeth : bye
[15:31] RK : bye all
[15:32] Vishal : thanks a lot shai