General Chat Transcript
Room Name: Vtrender
Date and Time: August 01, 2014 09:25:04
[08:55] r m : Good Morning folks!
[09:00] Shai : GM all
[09:05] Shai : http://vtrender.com/levels-and-plan-for-01st-aug/
[09:10] Kathir : Good morning Shai RM all 🙂
[09:10] Amit J : FM
[09:11] r m : Hi Kathir 🙂
[09:12] Kathir : hi amit
[09:13] Amit J : GM
[09:17] Shai : open away from the range
[09:17] Shai : 7682 and 7656 F to watch
[09:18] Kathir : bnf 15160 supp shai?
[09:19] Shai : 15160 on spot is july vwap
[09:19] Shai : 15028- 88 F next syupp band
[09:20] Kathir : ok thanks
[09:20] Shai : NF can go fill the gap or do an open auction
[09:20] Shai : No new seller at open
[09:20] r m : can be bought above day high?
[09:20] Shai : stop at 7680- small qty
[09:21] r m : Thanks
[09:22] r m : red
[09:23] Shai : yes
[09:25] Shai : on a day TF 7645 spot is vwap of July
[09:25] Shai : 7699 res on spot
[09:26] Shai : clsoing below both will be bad for next week
[09:26] Amit J : vah of last mth?
[09:27] Shai : cross and close abv 7723 F and 15290 F will make market safe
[09:28] r m : yesterday morning 7723 was looking too far, even now looks far but from the other end 😀
[09:30] Amit J : @shai – Weekly 80% rule?
[09:31] Shai : 7800 spot value high
[09:31] Shai : 7571 value low of july
[09:32] Shai : already below last week’s value and range
[09:33] Amit J : no you indicated on wednesday about banknifty 80% rule. where you told expected target by friday of 15500 roughly.
[09:35] Shai : that sl is gobe was at 15350
[09:36] Amit J : ok thank
[09:40] r m : bn going for gap fill
[09:41] Shai : yes BN looking better than NF
[09:41] Shai : still early days
[09:41] r m : but OAOR means that breakouts will keep returning to vwap?
[09:42] Shai : yes may remain in a range
[09:42] r m : ok
[09:42] Shai : what we are seeing si sellers not taking advantage of lower prices per orderflow
[09:43] r m : ok, he wants a higher price to add or decide
[09:43] Shai : so buyers will watch and jump in if vwap holds
[09:43] r m : ok
[09:43] Shai : open auction – shorts not agressive and buyers watching
[09:44] Shai : 7685 has a small buyer at the open
[09:44] r m : can’t blame sellers really if they are not aggressive after a neutral extreme close and a gap down open!
[09:44] Shai : yesterday was neutral extreme?
[09:45] r m : NF was NV
[09:45] r m : BNF was neutral extreme
[09:49] Shai : yes
[09:50] Shai : was weird to see NF after a neutral extreme did not bother much abv vwap or IBH
[09:51] r m : guess it will satisfy global demands first and then return to ‘business as usual’!
[09:52] Kathir : Global demand is down?
[09:52] r m : yes, crash is a better word 🙂
[09:53] Kathir : oh 🙂
[09:54] r m : S&P fell 40 points yesterday http://www.investing.com/indices/us-spx-500-futures-advanced-chart
[09:55] Shai : When Obama took over from Bush spx was near 700- 800 and now 1900 after 9 years
[09:55] Shai : When Modi took over it was 7200 though rally started at 6500 on Modi news
[09:55] Shai : Both seen as decisive strong leaders with clear mandate
[09:55] r m : yes
[09:56] Shai : and both took over from the weakest leaders the 2 nations had seen
[09:56] r m : Poor John Carey is reduced to speaking Hindi 😀
[09:56] Shai : Technically luiti year target is 10500 in Nifty id 6400 holds
[09:56] Shai : *multi
[09:57] Kathir : john carey spoke hindi?
[09:58] r m : investing.com has included banknifty and sensex too in its global real time index futures – shows the increasing demand for indian indices
[09:59] r m : @Kathir, he tried to say “Sabka sath sabka vikas” 😀
[10:02] Kathir : means?
[10:02] Kathir : becaus i am worst than john carey in hindi
[10:02] r m : inclusive growth in partnership with all – Modis election slogan
[10:02] Kathir : oh great
[10:04] r m : @Kathir, don’t worry man, your Hindi must be a thousand times better than my Tamil, I understand only Vanakkam and Sapad (I presume that is for food) 🙂
[10:04] Kathir : @RM DLF cheated us by giving the resutl after market hour 🙁
[10:04] Kathir : lol
[10:04] Kathir : yeah sapad is food
[10:05] r m : @Kathir, I did not buy that pair, I am wary of going for stock options on expiry day, they invariably manage to close the options at disadvantage to buyer
[10:05] Shai : responsive buyers now in NF
[10:05] Kathir : but these two words is enough for living
[10:05] r m : index options are difficult to manipulate
[10:05] Kathir : premium very high
[10:06] r m : @Kathir, Yeah, only ‘Sapad’ is enough, Vanakkam can be replaced with folded hand gesture 🙂
[10:07] Kathir : lol
[10:34] r m : sellers manage bnf below vwap
[10:41] r m : responsive buyers show up again
[10:45] Kathir : @RM why this responsive buyers not buying in the highs
[10:46] r m : it is open auction, buyer and sellers sort of testing the winds
[10:46] r m : ultimately one overwhemls the other
[10:46] r m : this time buyers have managed to extend
[10:47] Kathir : ok..shall we bnf here and SL
[10:48] r m : I am doing nothing today without a cue from Shai, it is virgin land for Aug series 🙂
[10:48] r m : Just airing my views, that is all (untradeable views) 😀
[10:49] Kathir : ok ge thanks 🙂
[11:03] r m : 7743 and 15330 are PDL
[11:06] Kathir : Shai’s res is nearing for NF spot 7699
[11:06] r m : yes
[11:07] Shai : first sign of seller at 7619
[11:10] Shai : *7719
[11:11] Shai : (09:20) Shai :No new seller at open
[11:11] Shai : that 11.07 stmt is in context to that
[11:24] r m : bnf gets some blue at vwap
[11:25] r m : nf too
[11:25] r m : at IBH
[11:26] Shai : Gap fill is still on as long as vwap holds
[11:26] r m : ok
[11:28] Amit J : poc at days high? how
[11:29] Shai : rectified . thanks
[11:30] Amit J : thanks.
[11:32] r m : something wrong with dev value area calculation in NF chart, it has contracted too much!
[11:35] r m : dpoc refuses to lie down 🙂
[11:37] Shai : slowed it down
[11:37] Shai : getting excited with new volume in the contract
[11:37] r m : ok
[11:52] r m : i think there is very high volume at that 7718-20 area, maybe almost
[11:53] r m : oops, that was typed long back, entered by mistake
[11:54] r m : algo at 315
[11:57] r m : gap filled by bnf
[12:01] Shai : Monthly profile and vwaps- http://prntscr.com/48eufq
[12:01] r m : Thanks
[12:03] Shai : Buyers again In NF
[12:03] Shai : using 7697 as sl can buy again for 7743
[12:04] r m : ok
[12:11] Shai : 7743 cross can also bring a close at 7768 today
[12:14] r m : BNF enters value area!
[12:14] Shai : NF gap done
[12:23] Shai : 7720 has those new buyers
[12:23] Shai : 7719 sl for any positions still held
[12:46] r m : bn getting seriously bullish, into value area
[12:52] Shai : dip st 15405 are buys with 15540 as tgt
[12:53] Shai : Pre RBi move
[12:53] r m : ok
[12:54] Shai : Nifty can be back up to 7770 by tues\wed next if we close abv 7690
[13:02] Shai : Monthly BN spot – http://prntscr.com/48f63d
[13:06] Shai : NF back to vwap
[13:08] Shai : BNF searching for buyers
[13:09] Shai : 15380 supp
[13:16] Amit J : no image shai
[13:17] Shai : http://prntscr.com/48f9bx
[13:18] Shai : Corrected BN chart- http://prntscr.com/48f9bx
[13:19] Shai : Buyers trying tp respond at vwap
[13:19] Shai : seller is holding 7730- 35 for now
[13:27] Amit J : thanks
[13:32] Shai : welcome
[13:33] Shai : buyers staging a comeback from vwap
[13:33] Shai : waiting for passive buyers to enter to test 7742 again
[13:54] r m : back to lows?
[13:55] Shai : yes
[13:55] Shai : broken vwap
[13:55] r m : ok
[13:59] Shai : can’t see a lot of shorts building still
[14:00] r m : ok
[14:00] Shai : maybe one more visit to 7710- 20
[14:11] r m : one more neutral day
[14:12] r m : correction, neutral day in NF, BNF yet to reach there
[14:19] Shai : Buyers agin in NF
[14:20] Shai : that 7715 zone needs to be probed again
[14:21] Shai : yes neutral day and neutral center could be 7710
[14:24] Shai : last 30 mins a lot of 7600 pe and 7700 pe closed
[14:26] r m : S&P dropped 7 more points
[14:34] Shai : 7656 pre mkt supp
[14:36] Shai : but spot suggesting 7585 from here
[14:36] Shai : or this close below 7645
[14:39] Shai : volatile start to the series and RBI still has to come on tues
[14:40] r m : can give a big base in first week and consolidate for the rest of the series, option writers will love it!
[14:41] Shai : yes vix just rising
[14:41] Shai : 15.2 cross will be good
[14:48] Shai : heading to a neutral extreme
[14:48] Shai : spot breaks vwap and 7585 next
[14:52] Shai : 7595
[14:53] r m : Reliance going down as if KG basin gas will be priced at 0$ 🙂
[14:54] Shai : 3IB south side
[14:55] r m : FII sold a lot in cash yesterday too, DII balanced naturally
[14:56] Shai : 7530 if 7585 does not hold
[15:13] Shai : close at lows
[15:13] Shai : Banks showing relative strength
[15:14] Shai : Can lead a bounce on Mo
[15:14] Shai : can buy a 7700 ce in last 5 mins and use 7585 spot as sl
[15:14] Shai : tgt is 7670 spot and then take it from there
[15:17] r m : spot 7585 intra or closing?
[15:17] r m : vix has crossed 15.2
[15:17] Shai : intra
[15:18] r m : Thanks
[15:18] Shai : mon open
[15:18] r m : yes
[15:18] Shai : buy in last 5 mins only
[15:18] r m : yes
[15:21] r m : blue in both
[15:21] Kiran : what buy Shai ?
[15:21] r m : (15:14) Shai :can buy a 7700 ce in last 5 mins and use 7585 spot as sl
[15:22] Kiran : thanks r m
[15:22] r m : welcome
[15:23] Shai : anomaly at 7570 F and something incomplete at 7710 F
[15:23] Shai : wonder what happened there
[15:24] r m : no volume between 7711 and 7702 i think
[15:25] Shai : could be
[15:25] r m : perhaps some big stops triggered there?
[15:26] Shai : possible
[15:26] Shai : some buyers into the close
[15:26] r m : es
[15:26] r m : yes
[15:29] Shai : neutral extreme would mean an open below 7611 to continue trend ddown
[15:29] Shai : else a rise
[15:30] Shai : 2 days of decline of 200 – the NF should balance next only thing is RBI can work up the range again
[15:30] Shai : 7624 close
[15:30] Shai : Bye all
[15:30] Shai : Have a nice weekend
[15:30] r m : Thanks and bye, have a great weekend 🙂