General Chat Transcript
Room Name: Vtrender
Date and Time: July 23, 2014 09:20:00
[08:58] r m : Good Morning folks!
[09:01] Shai : Gm all
[09:06] Shai : http://vtrender.com/levels-and-plan-for-23rd-july/
[09:07] Kathir : Good Morning Shai RM all
[09:09] r m : Hi Kathir
[09:09] r m : pre-market suggest open near 7800 and 15540
[09:16] Kathir : @Shai buy bnf here
[09:17] Shai : Buy abv 510
[09:18] Kathir : OK sL FOR THIS SHAI
[09:18] Shai : 15470
[09:18] Kathir : ok thanks
[09:18] Shai : buyer responding in BNF
[09:19] Kathir : 1st trgt shai
[09:19] Shai : 1) Above 15510 the BNF will run to 15577 and 15640 and further strength above 15640 will bring 15784,
[09:20] Kathir : ok thanks
[09:20] Shai : 15470 is imp for the day now
[09:20] Shai : cnxit also trying to rise
[09:20] Shai : one of them will have to back down
[09:21] Shai : NF is not shoing the blue bars yet
[09:23] Shai : Yesterday RM was very confident of a gap open
[09:23] Shai : cheers 🙂
[09:23] Amit J : 🙂
[09:23] r m : lol
[09:24] Kathir : cheers RM ge
[09:24] Amit J : Your call on BN was also superb
[09:24] Shai : http://vtrender.com/premium/premium-trading-room-2207/
[09:24] r m : i suspected that these guys won’t concede any profit to day traders 🙂
[09:25] Shai : Thanks Amit-
[09:26] Shai : 7771 NF will be gap fill
[09:26] Shai : dip buys to 7765 in the plan of today with sl below 7750
[09:28] Shai : BNF 15470- 15510 same as day before but we are looking to see if it goes the other side in teh auction today
[09:29] r m : 15577
[09:29] Shai : 15640 next
[09:30] r m : trailing stop at vwap in BNF?
[09:30] Shai : yes
[09:30] r m : Thanks, safe trade now 🙂
[09:30] Kathir : lots of algo in bnf Shai
[09:31] Shai : Only Hypo 1 🙂
[09:31] r m : yes 🙂
[09:31] Kathir : 🙂
[09:32] r m : Hypo 2 is below 1545 > 15330 and vwap at 15557, so keeping a stop there keeps space for hypo 2 as well 🙂
[09:32] r m : *below 15545
[09:32] Shai : 15640 is the base of the single prints
[09:33] r m : ok
[09:33] Shai : and the last chance for the seller to come back
[09:35] Shai : 15567 is new supp
[09:35] r m : ok
[09:36] Shai : 15634 is another stop gone
[09:37] Shai : vol is 27725
[09:38] Shai : the 2 algos at 15590 have cancellled each other out
[09:40] Shai : this is heading to 15712/ 15784 now but sl is deep at 15565
[09:42] r m : tradable upside in NF only if it goes above 7815 now?
[09:43] Shai : higher risk but tradeable
[09:43] Shai : prefer to buy dips with a small sl in NF
[09:44] r m : yes, thanks
[09:44] Shai : NF is an OAOR
[09:44] Shai : BNF a drive
[09:44] Shai : suggest waiting out IB to take a new position in NF
[09:44] r m : In case of OAOR break of IB should give a good trade
[09:45] r m : yes
[09:45] Shai : yes
[09:45] r m : Thanks!
[09:45] Shai : since BNF is a drive the buyer has to hold vwap all day
[09:46] Shai : else as we have seen on drives the day low can come on forced liquidation
[09:46] r m : so small stop longs can be tried near vwap in BNF
[09:46] Shai : hence all we have to do today in BNF is watch OF at vwap
[09:46] r m : ok
[09:48] Shai : NFis yet to cross open price of 7804 and OF is not very blue
[09:49] Shai : so not many willing buyers on the gap up
[09:49] r m : That 15500CE you recommended went up by 120 points!
[09:50] Shai : 🙂
[09:51] Kathir : @is it? when shai mentioned 15500 CE, i didnt notice
[09:51] Kathir : @RM
[09:53] r m : you were not here yeserday I think Kathir
[09:53] r m : it was suggested near close
[09:54] r m : [15:23] Shai : buyers at the close in BNF[15:23] Shai : may rise tom abv 15470[15:23] Shai : 15000 ce good purchase[15:24] Shai : 15500 ce
[09:54] Kathir : oh yeah i was absent yest whole day..i missed it really
[09:54] r m : yesterday market tired us out 🙂
[09:54] Kathir : 🙂
[09:55] Kathir : superb call by Shai
[09:55] r m : yes
[09:55] Kathir : IT index up BNF up but nifty not moving that much,,why who is dragging
[09:56] r m : cyrus mistry 🙂
[09:56] r m : tatas are lack lustre
[09:56] Kathir : lol
[09:56] Kathir : 🙂
[09:57] r m : looks like index management mostly – top loosers are Ambuja, Asianpaint, Bharti, Sunpharma, HDFC – all hotch potch
[10:01] Shai : http://prntscr.com/45fb67
[10:01] Shai : sector map
[10:02] Kathir : thanks Shai
[10:03] Shai : vwap in BNF
[10:06] r m : red delta in nf at vwap
[10:09] Mandar : Gud morning all. Shai, can Bhalu expect some chuutha paisa today.:-)
[10:10] r m : Hi Mandar, Bhalu taken 60 points already in BNF from Shai’s 15640 level, aur kitna chahiye? 🙂
[10:11] Mandar : Hi Rm. I trade nifty. BNF is for big bu
[10:11] r m : BNF dval under attack from Mandar 🙂
[10:11] Mandar : bulls
[10:12] r m : OK 🙂
[10:12] Mandar : hahaha
[10:16] Kathir : @RM what supp Shai mentioned for bnf now?
[10:16] Kathir : 15557
[10:16] r m : that support was 567 i think
[10:16] r m : 565
[10:16] r m : that is gone, o bnf is dicey as of now
[10:16] Shai : below vwap
[10:18] r m : @Shai, largest sell volume at 15600 in BNF, does that mean that longs are safe only above that now?
[10:18] Shai : yes besides below vwap now
[10:19] r m : ok, thanks
[10:19] r m : blue in NF near sd3 band
[10:19] Shai : these reds now will be morning longs exiting in bNF
[10:19] r m : ok
[10:19] Shai : have to see new blues over vwap
[10:20] Kathir : @RM ge you are not satisfied with the 100 profit points morning 🙂
[10:20] r m : never satisfied sir 🙂
[10:21] r m : a true trade should always be hopeful for the next trade – what is past is irrelevant 😀
[10:21] r m : that does not mean that I am a true trader – that is what I aspire to become 🙂
[10:21] Kathir : 🙂
[10:23] r m : and profit was 130 points sir 510 to 640 – you have deducted 30 points 🙂
[10:24] r m : bnf coming back to 510!
[10:25] Kathir : wow great trade RM ge congrats
[10:25] Kathir : me just exited with 70
[10:25] r m : Thanks Sirjee 🙂
[10:25] Kathir : my actual trgt yoy know its 50 profit points per day and anything above is bonus
[10:25] r m : I just blindly followed Shai, my own instincts are good only in getting stopped out 😀
[10:25] Kathir : 🙂
[10:26] r m : 🙂
[10:26] Kathir : and one more thing i did..i went short bnf around 640..but bit feared and exited at cost 🙁
[10:26] Kathir : because i had no clue of SL for that short
[10:28] r m : i think a 25 poins SL should be good from Shai’s ref levels, 14 point is his recommendation for BNF (4 for NF) and 11 points for trigger happy folks!
[10:29] r m : yesterdy Shai recommended shorts below 330 in BNF, it returned exactly from there, a long there with 20 point stop would have given 100 points – low risk obscene rewards 🙂
[10:34] Kathir : ok form now ill note down..because most of the times shai levels are achieved and reverses for supp or res..we have to utilize that
[10:36] Kathir : @RM in this case how many points we should ad for NF 10-15 ok?
[10:36] r m : max 10 I think, even 6 should be OK, NF sticks to levels much better than BNF
[10:37] r m : many times I have noticed NF touching the exact level and reversing
[10:37] Kathir : pk ge
[10:37] Kathir : soryy its OK ge
[10:38] r m : like yesterday it came back from 7719 in the morning but once crossed that
[10:38] r m : 🙂
[10:38] r m : *once above 7720 it kept going up
[10:40] Kathir : great
[10:40] Kathir : Shai was right morning…
[10:40] Kathir : 09:20 Shai : one of them will have to back down
[10:40] Kathir : IT and BNF ..its BNF as of now
[10:41] r m : bade bhai (reliance) has joined cyrus mistry now 🙂
[10:43] Kathir : oh 🙂
[10:47] Kathir : SUN TV down around 10 % because CBI is going t file charge sheet against maran brothers
[10:50] r m : They must have shorted it themselve (Marans I mean) 🙂
[10:50] Kathir : yeah 🙂
[10:52] Kathir : they will make money out of anything and evrything
[10:52] r m : 🙂
[10:52] r m : That is why Karunanidhi threw them out – may not have been sharing all the money they made 😀
[10:53] r m : blue in NF
[10:54] Kathir : yeah actually when they had misunderstanding ..they sat together and settled ..karuna family asked 1000 crores and Kal Maran accepted immediately and settled..after long time only karuna family came to know that their share should be more than 10000 crores
[10:54] r m : lol
[10:55] Kathir : see what for they are fighting ..we are fighting with NF and BNF 🙂
[10:56] r m : 🙂
[10:56] r m : we have low expectations – 20 points here and there 🙂
[10:57] Kathir : 🙂
[11:01] Shai : NF OAOR in the 7/7 range
[11:02] Shai : High probabaility that we stay within 7765- 7815 all day
[11:02] Shai : have to buy near 7765 and sell near 7805 with a 15 point stop
[11:02] r m : ok
[11:07] Kathir : @Shai bnf from here?
[11:13] r m : gap filled in NF
[11:17] Shai : Kathir 470
[11:17] Shai : not holding vwap proving costly for bnf
[11:17] Shai : 2 attempts at 15588
[11:20] Shai : 7768 showing buyers
[11:25] Shai : cross of IBH and these buyers are safe
[11:25] Shai : *IBL I meant
[11:25] r m : ok
[11:30] Kathir : @RM bnf below low again initiates 80% trade
[11:30] Shai : 7750 supp now
[11:31] Shai : BNf below 15470 has a good supp at 15445 then 15390
[11:32] r m : yes Kathir, but stop will be high for 80% short 🙁
[11:32] Kathir : oops 🙁
[11:43] r m : bnf dpoc has moved to 15520 in MP charts
[11:47] Kathir : is it
[11:48] r m : yes
[11:49] r m : NF knocking at IBH
[11:50] Kathir : IBH?
[11:50] Kathir : it is @ 7806 right?
[11:53] r m : oops, IBL
[11:55] Kathir : ok
[11:55] Kathir : @RM dpoc not showing in charts page
[11:55] Kathir : why?
[11:56] r m : for bnf?
[11:57] r m : it is still up there at 15600 in this chart I guess
[11:59] Kathir : ok ge..shai has to note this
[12:02] r m : I think BNF has very little difference in volumes at different prices, maybe it is not significant enough for dpoc to consider moving its residence in this range chart 🙂
[12:03] r m : not enough buyers in NF to take it thru IB, coming down to attract more buyers!
[12:04] Shai : more buyers coming now in NF
[12:07] Kathir : @Shai dpoc for bnf in MP chart shows @ 15520..but not in charts ?
[12:07] Shai : https://www.dropbox.com/s/v07iuc61bcadt58/OF_10min.png
[12:09] Shai : almost equal volumes at 570 and 600
[12:09] Shai : chart is prefering 600 till 570 becomes bigger
[12:09] Kathir : ok
[12:09] Shai : Kathir, when there are lots of algos the vpoc gets behind a bit
[12:10] Kathir : ok shai
[12:10] Shai : Chart above is same NF chart as here but on a 10 min scale
[12:10] Shai : we can see buyers responding from 67 as we thought they would in the plan
[12:11] Shai : vwap should come now and 7805 if we cross abv
[12:11] r m : bnf has surreptitiously crept back in developing value area 🙂
[12:37] Shai : a close above 15590 in BN will be positive today
[12:37] Shai : then we can look at 15856 on spot
[12:38] r m : in that case buying 16000CE will make sense?
[12:38] Shai : of aug
[12:38] r m : ok
[12:38] Shai : Iv’s are low so not much decay from here
[12:41] r m : ok
[12:43] Shai : correct vwap is 7788
[12:43] r m : yes, wanted to point that out 🙂
[12:43] r m : so sellers at vwap
[12:44] Shai : yes
[12:46] Shai : book longs if taken from 7770
[12:57] Shai : buyers coming again
[13:34] r m : break down but sd3 band not impressed
[13:34] r m : in NF
[13:39] r m : chart not refreshing?
[13:40] Kathir : YES SIR
[13:41] r m : looks like F want to go below 7750
[13:41] r m : @Kathir, BNF completed your 80%!
[13:42] Kathir : yeah got a small bite too 🙂
[13:43] r m : great, congrats!
[13:43] Kathir : bought 15k pe
[13:43] r m : ok
[13:43] Kathir : and exited now..thanks ge
[13:43] r m : did you buy at vwap?
[13:43] Kathir : yes when it went near vwap i enterred
[13:44] r m : great sirjee 🙂
[13:44] Kathir : 🙂
[13:44] Shai : Have lost connectivity
[13:44] r m : ok
[13:44] Shai : working to restore
[13:48] Shai : back in 5 with charts. pls bear
[13:48] r m : Thanks
[13:50] Mandar : nifty low of 7746.20
[13:52] r m : yes
[14:00] r m : Charts back!
[14:04] Kathir : @RM any chance for testing VWAP
[14:05] Kathir : both NF and BNF
[14:06] r m : It could, lots of blue at the lows
[14:09] Kathir : ok
[14:13] r m : PDH coming up in NF
[14:14] r m : sellers
[14:31] Kathir : @14:06 r m: It could, lots of blue at the lows
[14:31] Kathir : @RM good calc..you are right
[14:32] r m : thanks Kathir 🙂
[14:33] r m : above vwap buyers got adrenaline injection in NF 😀
[14:33] Kathir : 🙂
[14:33] Kathir : 15 points jump
[14:35] Kathir : somebody placed SL order above vwap it seems
[14:35] r m : yes
[14:39] Shai : bounce came from poc just below the 7744- 7752 zone which was liquidated by the seller yesterday
[14:40] Shai : but there are sellers at 7790 + now
[14:41] Shai : 7755 has buyers
[14:44] Shai : 7800 is a busy strike today
[14:44] Shai : at 105 it is attracting writing power
[15:01] Kathir : @Shai you mean sell both ce and pe
[15:03] Shai : yes
[15:03] Shai : Not recommending it but that is what the market is up to
[15:03] Kathir : hold till expiry?
[15:03] Shai : selling options is tricky and you have to exit well
[15:03] Shai : yes hold period one week
[15:04] Kathir : ok thanks
[15:05] Kathir : I have tried this pair with one lot
[15:06] Kathir : let me practice
[15:06] Shai : ok
[15:06] r m : this is safe for 7700-7900 expiry
[15:11] Kathir : ok
[15:20] r m : buyers at close
[15:21] Shai : bnf dpoing well to close abv 470 here
[15:21] Shai : maybe 1 test of 640 tom pending
[15:21] Kathir : @Shai you mentioned close above 470 or 570?
[15:22] Shai : 470
[15:22] Shai : it was at 470 for over an hour
[15:22] Shai : Bulls have pushed the bears at 7600 then 7700 and now feel they can do it at 7800 also
[15:22] Shai : Options OI that is
[15:23] Kathir : can we expect one more gap up tomrw bnf
[15:23] Kathir : based on this close
[15:23] Shai : BNf can do a 570 open from here
[15:24] Kathir : ok thanks
[15:26] Shai : finally coming to open price NF
[15:26] Shai : open = close
[15:27] Shai : the premiums this series have been wild
[15:29] r m : Open price = fair price (dpoc) too!
[15:29] r m : wonder why they went all over the place when fair price was right there at the open 😀
[15:30] Shai : 🙂
[15:30] Shai : vol is good at 12.3
[15:30] Shai : Bye all
[15:30] Shai : Have a nice eve
[15:30] r m : Thanks and bye, have a great evening 🙂