General Chat Transcript
Room Name: Vtrender
Date and Time: August 08, 2014 09:18:52
[08:52] r m : Good Morning folks!
[08:59] Shai : GM all
[08:59] Shai : The servers for vtrender.com are down , so could not get an update
[09:00] r m : ok
[09:03] Amit J : GM
[09:04] Amit J : Hi shai, do you have nifty hypo available. can you post that part here
[09:06] Shai : 7650 was ref
[09:07] Shai : below that 7567 is supp and 7488 if 7567 cracks
[09:07] Shai : Futures are weak based on the Obama strike news in Iraq
[09:07] Shai : NF will be under pressure at this open
[09:08] r m : looks like Open just above that 7567 support
[09:08] Shai : More likely a pull back to 7646 / 7630 at open and see orferflow there to
[09:09] Shai : chances of a weekly closing at 7567 are high today if 7650 is not taken out intra day
[09:10] r m : pre-market suggests BNF open below 14960 ref level
[09:13] Amit J : thanks
[09:17] Shai : selelrs in 1st min
[09:17] Shai : 14737 is supp below 14960
[09:19] Shai : BN spot will be under bigger pressure if it closes below 14820- 14860 on spot
[09:19] Shai : Initial panic at this open
[09:19] Shai : Let’s see if we get an OAOR and then a move to fill the gap to 7646 by 11
[09:25] Shai : Buyers are there in BNF
[09:25] Amit J : mostly sbi result strong
[09:25] Amit J : watch sbi for directoon today
[09:25] Shai : Yes that’s the big event
[09:25] Shai : true
[09:29] Shai : Using 14720 as sl eod can buy some 15000 calls in BNF in parts for mon
[09:29] Shai : 14720 F
[09:29] Shai : most ;likely BNF will not close below 14720 today
[09:29] Shai : Trade is much safer and big green abv 14960
[09:30] Shai : after that initial panic NF settling as OAOR
[09:40] Shai : 7602
[09:40] Shai : Twitter buzzing with news that Obama’s missiles have hit bulls instead of Iraq
[09:40] r m : lol
[09:41] Shai : last friday we moved down on argentina
[09:41] Shai : but mon bulls were back
[09:46] Amit J : next friday ukraine
[09:47] r m : 🙂
[09:50] Shai : 🙂
[09:50] Shai : With a sl below 7560 buy NF for 7625/ 7650
[09:51] Shai : NF Options OI- 7600 pe under pressure
[09:51] Shai : daily change- http://screencast.com/t/xgg0MiFiM
[09:51] Shai : BNF has become absoluately flat
[09:51] Shai : never seen it lie down so much for 30 mins
[10:04] Kathir : GOOD MORNING ALL
[10:04] r m : Hi Kathir
[10:04] r m : You came late so market fell in disappointment 🙂
[10:10] Shai : 🙂
[10:11] Kathir : 🙂
[10:14] Kathir : RESULTS TODAY: SBI , M&M , CORPORATION BANK , SUN TV , CHAMBAL FERTILIZERS , BAJAJ HINDUSTHAN , SOBHA DEVELOPERS , ESSAR SHIPPING, PC JEWELLER, NDTV, WONDERLA HOLIDAYS, LUMAX AUTO TECH, MARICO KAYA ENTERPRISES, LT FOODS, KESORAM INDUSTRIES, KEI INDUSTRIES, IL&FS ENGINEERING, GUJARAT STATE FERTILIZERS & CHEMICALS, GAMMON INFRASTRUCTURE, GABRIEL INDIA, FINOLEX CABLES, BIRLA CORP
[10:17] r m : looks like a result mela today, thanks 🙂
[10:25] Kathir : yeah
[10:42] Amit J : both trying to move above vwao
[10:42] Amit J : vwap
[10:49] Kiran : Hi
[10:49] Kiran : do we have hypos today ?
[10:55] r m : (09:08) Shai :More likely a pull back to 7646 / 7630 at open and see orferflow there to(09:09) Shai :chances of a weekly closing at 7567 are high today if 7650 is not taken out intra day(09:17) Shai :14737 is supp below 14960(09:19) Shai :BN spot will be under bigger pressure if it closes below 14820- 14860 on spot(09:06) Shai :7650 was ref(09:07) Shai :below that 7567 is supp and 7488 if 7567 cracks(09:07) Shai :Futures are weak based on the Obama strike news in Iraq(09:07) Shai :NF will be under pressure at this open
[10:55] r m : vtrender blog is down today
[10:57] r m : (09:29) Shai :Using 14720 as sl eod can buy some 15000 calls in BNF in parts for mon(09:29) Shai :14720 F(09:29) Shai :most ;likely BNF will not close below 14720 today(09:29) Shai :Trade is much safer and big green abv 14960
[11:09] Kathir : THANKS GE
[11:14] r m : welcome Jee 🙂
[11:15] r m : big red bars in NF
[11:51] Shai : big additions at 7600 ce
[11:52] Shai : algo at lows in BNF is a buyer
[12:21] Shai : 7570 is a good buyer
[12:21] r m : ok
[12:21] Shai : 7571*
[12:24] Shai : 14840 is proving to be an issue for BNF to cross
[12:24] Shai : 7567 is still the level on the downside
[12:24] Shai : 14737 -720 BNF
[12:25] Shai : (09:06) Shai :7650 was ref. (09:07) Shai :below that 7567 is supp and 7488 if 7567 cracks
[12:25] Shai : (09:09) Shai :chances of a weekly closing at 7567 are high today if 7650 is not taken out intra day
[12:26] r m : can short below 7567 intraday?
[12:26] Shai : Gap fill has not come in 3 hours
[12:26] Shai : yes RM
[12:26] r m : stop
[12:26] r m : vwap?
[12:26] Shai : 7582/86
[12:26] r m : thanks
[12:26] Shai : yes 7588 last high
[12:27] r m : red and blue is almost balanced below IBL?
[12:34] Shai : no more blue
[12:34] r m : o
[12:34] r m : ok
[12:37] Shai : http://screencast.com/t/Wt1CwrtbHa
[12:38] r m : Thanks
[12:38] Shai : We had an oaor in the morning and after a gap down the more likely scenario would have been a gap closure
[12:39] Shai : did suggest a higher stop as OAOR is known to probe away borderliners before a significant move higher
[12:39] r m : 🙂
[12:39] Shai : there is still one good move left in trade today
[12:40] Shai : OAOR means an explosive afternoon session
[12:40] Shai : half time now
[12:40] r m : so we should trade below 7567 or above IBH?
[12:41] Shai : can go to 7610 abv vwap
[12:41] Shai : sl IBL
[12:41] Shai : yes IBH to gap fill
[12:41] r m : ok, thanks
[12:41] Shai : or 2IB
[12:41] r m : right
[12:41] Shai : somewhere around 7610 is the low of last friday
[12:41] Shai : so auction wise no gap left
[12:42] r m : 7611
[12:42] Shai : If BNF crosses 14850 we should get 15020
[12:42] Shai : thank RM – 7611
[12:43] Shai : 7609 is what the auction did
[12:44] Shai : what is your vwap now?
[12:44] r m : 7591
[12:44] r m : same
[12:44] Shai : ok and 14820?
[12:44] r m : 1482
[12:44] r m : 14825
[12:45] Shai : thanks
[12:45] r m : seller at vwap in NF
[12:45] r m : bn too
[12:45] r m : i mean more red
[12:47] r m : S&P below 1900
[12:49] Shai : 1883- 1887 supp
[12:49] r m : ok
[12:49] r m : guess that part will be reached during US market hours
[12:50] Shai : yes
[12:50] Shai : they don’t take a negative handover
[12:50] r m : you mean open is always near the previous close?
[12:51] Shai : no through the day they will become positive
[12:51] r m : ok
[12:51] Shai : overnight weakness from asia is mostly turned to green
[12:51] Shai : besides 1883-1887 supp was always there below 1933/ 1914
[12:52] r m : so outside market players who can move ES with much less volume are not allowed to interfere too much!
[12:52] Shai : the big boys are sleeping now
[12:52] Shai : algos also
[12:53] Shai : 🙂
[12:53] r m : 🙂
[12:53] Shai : got orders abv 7594 in NF
[12:55] Shai : weekly OI change chart- http://screencast.com/t/mZ5i8v3b
[12:55] Shai : fri to fri
[12:55] Shai : it confirms our view that the big boys do not close positions in 1st ten-15 days
[12:56] Shai : No drop in OI anywhere in that chart but call writers getting stronger this week
[12:56] r m : big boys extract full juice!
[12:57] Shai : And if you see intra day they will chop and change
[12:57] Shai : for every 20 point move
[12:57] r m : ok
[12:58] Shai : The deep pockets enable them to write the other side
[12:58] Shai : like the 7700 pe writer may have writtern at 7600 ce now
[12:58] r m : BN is touching both sides of dev VA but NF has not been to dvah since quite a while
[12:59] Shai : next week if this move confirms he will start liquidating 7700 pe
[12:59] r m : yes
[13:00] r m : there was a member at MMB who used to describe his option writing similarly, he was always on both sides but movig fast with the price
[13:01] Shai : what is MMB?
[13:01] r m : moneycontrol message board
[13:01] Shai : ok
[13:01] Shai : No that’s right
[13:01] Shai : you have to write both sides or hedge with long s
[13:01] r m : ok
[13:02] Shai : you get massacred if naked
[13:02] r m : yes
[13:03] Shai : june and july were good months for writing as move wa sone sided and vix falling
[13:04] Shai : Now we are in a two way street and vix is not conducive
[13:04] r m : now a days it is buyer’s acche din 🙂
[13:04] Shai : sellers back in last 15 mins
[13:05] r m : this time volume not very high at 7571
[13:07] r m : now the stop has to be 7592, the last high?
[13:08] Shai : yes
[13:08] r m : Thanks
[13:09] Shai : close at 7545/ 7530
[13:09] r m : ok, thanks
[13:09] Shai : vwap bands are the only prob in that short
[13:09] Shai : but this time buying was missing on the leg down
[13:10] r m : yes
[13:10] r m : guess selling volume is also missing
[13:12] r m : 7560 got buyers
[13:24] Shai : sellers are here now
[13:25] Shai : Nothing to take home for the bull on the sbi results
[13:27] Shai : today MO will cross -65 again
[13:27] Shai : at current price close that is
[13:32] r m : adv/dec very bad today, midcap and smallcaps must be booking profit at a breakneck pace!
[13:33] Shai : yes
[13:33] Shai : that’s why I said -30 min change
[13:33] Shai : the problem with midcaps and samll caps is once you get a gap down nobody wants to buy them
[13:34] r m : yes, you have to sell them when they are going gap up!
[13:34] Shai : 🙂
[13:35] r m : if day’s range was big one could have thought that NF was into a DD today
[13:36] r m : but there is no distribution in the upper end, it was just a drop 🙂
[13:36] r m : b shape means long liquidation so far
[13:39] r m : cash figures suggest churning of sectors for the last few days, FII buy/sell is almost matching
[13:39] Shai : 14910 is BNF high
[13:40] r m : 14949.75 is what my caputre utility managed to catch!
[13:41] Shai : Yes I got 14949 also but no vol
[13:42] r m : ok
[13:44] r m : looks like buyers getting in
[13:44] Shai : Orderflow action of the day in NF does not show bulls throwing the towel yet
[13:44] Shai : remember that there are bulls stuck at 7650
[13:45] r m : last time they were stuck at 7750 and they chose a strange method to extricate themselve 😀
[13:45] Shai : lol
[13:46] Shai : some of then did
[13:46] Shai : I think they knew from Obama’s office 🙂
[13:46] r m : 🙂
[13:50] r m : @Shai, that trade above 850 in BNF still valid?
[13:53] r m : NF went below 7567 just to trap me 😀
[13:56] Shai : yes
[13:56] r m : Thanks
[13:56] Shai : this is 2 pm move
[13:56] r m : ok
[13:56] Shai : I’m still researching whther genuine or false
[13:57] Shai : yesterday was false
[13:57] r m : ok
[14:06] Shai : the worry for bulls is now market may close at lows
[14:07] Shai : even then BNF showing good signs that it will bounce next week
[14:07] r m : bears are also cautious, they are just not allowing it to go up but go to sleep at lows
[14:11] r m : 7605 this time
[14:27] r m : both vwaps absolutely flat
[14:31] Kiran : 13:50 r m: @Shai, that trade above 850 in BNF still valid?
[14:31] Kiran : can you please repeat the trade.
[14:31] Kiran : I am not able to see the old chat
[14:32] r m : (09:29) Shai :Using 14720 as sl eod can buy some 15000 calls in BNF in parts for mon(09:29) Shai :14720 F(09:29) Shai :most ;likely BNF will not close below 14720 today(09:29) Shai :Trade is much safer and big green abv 14960
[14:32] r m : (12:42) Shai :If BNF crosses 14850 we should get 15020
[14:32] r m : last one
[14:32] Kiran : thanks RM
[14:32] r m : welcome
[14:33] r m : , it is coming back every time, just rampaging on both sides of vwap
[14:38] Shai : last hour – all about the weekly close
[14:38] Shai : view was if gap does not fill close at lows
[14:38] r m : ok
[14:45] Shai : seller is sitting at 7600 +
[14:47] Shai : was friday a red candle?
[14:48] r m : yes
[14:48] r m : open 786, close 7622
[14:49] r m : open 7686
[14:49] Shai : thanks RM
[14:49] r m : welcome
[14:51] Shai : Bounce on Mon in Nf could be start of a slide
[14:51] r m : spot low was 7593 and close 7602, spot already lower than that
[14:52] Shai : ok
[14:53] r m : premium was very high on first day
[14:54] Shai : yes
[14:56] Amit J : 7622 was NF close
[14:57] Amit J : and monday open was 7662. so for doji we need 75 pts upmove
[14:57] Shai : This profile could be a sign of reversal too
[14:57] Shai : but reversal has to take out 7550 and 7590 F now
[14:58] Amit J : sorry – 7590?
[14:58] Shai : 25th july high was 7841
[14:59] Shai : 7650 and 7690F- stand corrected
[14:59] Amit J : thanks
[15:03] Shai : Profile is balanced
[15:03] Shai : close will come at vwap or low
[15:04] Shai : weekly profile says close at lowest point
[15:04] Shai : sellers increasing in BNF
[15:16] Kiran : Shai, The green horizontal bar left side shows highest qty. What does yellow represent,
[15:21] Kiran : now there is black horizontal line at 20 in OF for BNF which is relating to blue at 15:03/4, can you please tell significance once market closes.
[15:22] Shai : the yellow bars are 67% of the range
[15:23] Shai : or value areas in that profile
[15:23] Kiran : ok
[15:23] Shai : that black line is the highest buy qty per 25 ticks in the day
[15:25] Kiran : thanks
[15:26] Shai : clsoing near vwap
[15:26] Shai : market got balance away from last week’s zone of conflcit
[15:26] Shai : *conflict
[15:26] Shai : this range of today will not remain
[15:27] Shai : highs and lows of today are stops for next week when we break above or below
[15:29] Shai : welcome Kiran
[15:30] r m : Thanks and bye folks, have a great weekend 🙂
[15:30] Shai : Bye all
[15:30] Shai : enjoy the weekend
[15:30] Amit J : bye
[15:30] Shai : website should be up tom . will post charts then