General Chat Transcript
Room Name: Vtrender
Date and Time: July 30, 2014 09:23:03
[08:59] Shai : GM all
[09:00] Shai : http://vtrender.com/levels-and-plan-for-30th-july/
[09:06] r m : Good Morning folks!
[09:07] Kathir : Goood Morning Shai RM all
[09:10] Kathir : @RN ge how abt pre market
[09:11] r m : NF flat and BNF expected to open gap up around 15300
[09:11] r m : Hi Kathir 🙂
[09:11] Kathir : ok thanks
[09:19] Shai : 7755 imp for morning
[09:19] Shai : 7755- 7770 no trade zone
[09:20] Shai : bias negative below 7755 and positive abv 7770
[09:22] Shai : aug charts are on second screen
[09:28] Shai : At some point today the Market has to become extremely quiet to facilitate rollovers
[09:28] Shai : Mon was a trend and yesterday a holiday and tom is expiry
[09:29] Shai : The early morning seller today is at 7751
[09:30] r m : even though monday was a trend, the OI shows reduction in JUL and equivalent addition in AUG OI
[09:31] r m : now the question is – was it long liquidation in July and short addition in AUG or rollovers?
[09:31] Shai : good Q
[09:32] Shai : Price went down and OF was red at top and blue at bottom
[09:32] Shai : looks like longs reduced early and bought aug late
[09:33] r m : ok, rollover done in the most ideal way!
[09:33] Kathir : long in aug?
[09:33] Shai : Fri was mostly long liquidation
[09:33] Shai : This Market is long from 7450 july 10
[09:34] r m : FII added both sides in index futures – they are balanced players 🙂
[09:37] Shai : yes indifferent
[09:38] r m : Proprietary traders reduced index shorts on Friday, the clients reduced 15k longs and 4k shorts
[09:39] Shai : Makes sense to track them now
[09:39] Shai : Fii’s are neutral
[09:40] Shai : IB is quiet around 7745
[09:40] r m : yes, they are like the monkey who divided bread between two cats, taking bite from both portions alternately 🙂
[09:40] Shai : 🙂
[09:40] Kathir : 🙂
[09:40] Shai : IN feb index was at 6500 now at 7500+ – why should the monkey not be happy?
[09:41] r m : 🙂
[09:41] Kathir : they will not be happy if we call them monkeys 🙂
[09:41] r m : their cash holdings went up like rocket in rupee term
[09:42] r m : @Kathir, they are professionals, so far they are making money you can call them anything 😀
[09:43] Kathir : 🙂 profeesional monkes
[09:44] Kathir : end of the day profit is what matters
[09:44] Kathir : not the name
[09:44] r m : lol
[09:45] Shai : Friday chat : http://vtrender.com/premium/premium-trading-room-from-28th-july/
[09:54] Kathir : @Shai still the expiry range of 750-850 Nf exists?
[10:02] Shai : No now only if we cross 7770
[10:02] Kathir : ok
[10:02] r m : [15:12] Shai : I think expiry range moved today now at 7765- 7675
[10:02] r m : from yesterday’s chat 🙂
[10:03] Shai : yes abv 7770 shorts will cover from Mon
[10:03] Kathir : @RM how to take mesgs from yest charts?
[10:03] Kathir : chat
[10:03] r m : Shai just now posted yesterday’s chat on the blog 🙂
[10:04] Kathir : ok 🙂
[10:04] Kathir : i thought you have speciall access to check previous days chat also
[10:06] Shai : No It gets deleted by Omnovia
[10:06] r m : lol
[10:06] Kathir : ok
[10:06] Shai : But when we post on the blog we have a ref
[10:07] Shai : I generally post same day after 9 pm but forgot on mon
[10:10] r m : some blue foundation stones being laid!
[10:11] Shai : hmm
[10:27] Shai : buyers in BNF now stronger at 15190/ 15210 and 15225 vwap
[10:29] r m : Results today – Lupin, BOI, Cadila, Dr Reddy’s lab, IRB infra
[10:30] r m : Results tomorrow – HCL tech, Tech Mahindra, Maruti, Syndicate Bank, Aban
[10:42] Shai : BNF is a buy abv 15265 for 15310 with sl of 15225
[11:01] Shai : buyers in BNF now showing that they want vwap
[11:12] r m : BNF at yesterdays vwap
[11:17] Shai : exit BNF long trade
[11:17] Shai : buyyers drying up
[11:51] Shai : (09:28) Shai :At some point today the Market has to become extremely quiet to facilitate rollovers
[12:31] Shai : sellers again in BNF
[12:31] Shai : should do 15180 now sl of 15270
[12:46] Shai : more sellers at 15256
[12:46] Shai : NF back to 7720 as per Hypo 1
[13:04] Shai : 7720 and buyers are missing today
[13:05] Shai : don’t short- technical bounce based on sd band
[13:08] Shai : unlike mon- buyers are missing at 7720
[13:13] Shai : a short will come near 7730- 35 with sl above vwap for 7700 later
[13:32] Shai : Comparative OF chart at 7720- https://www.dropbox.com/s/hdhrqpl7kcuso90/OF_10min%201.png
[13:33] Shai : extreme right now showing buyers respond
[13:43] r m : buyers reappear in BNF
[13:45] Shai : stop taken in BNF
[13:45] Shai : mostly an inside rotational profile in BN
[13:46] r m : should go long only above 330 if blue OF stays?
[13:48] Shai : yes – safer
[13:49] r m : Thanks
[13:59] r m : quick 2IB by BNF
[14:02] r m : hypo 2 done by BNF
[14:13] Shai : 7770 again a ref
[14:19] Shai : NF searching for 7795- sl of 7761
[14:19] Shai : already a neutral day
[14:35] r m : 7800 strangle is less than 50 Rs.!
[14:38] Shai : Diff to read this move from 7730- who is getting the exit here??
[14:38] Shai : Not great OrderFlow – typical expiry move created for an exit
[14:51] Shai : BNF has managed to trap shorts from last week
[14:51] Shai : test
[14:51] Shai : can finsih at 15580 tom if we stay abv 15400
[15:03] Shai : BN also in last week’s value area
[15:03] Shai : on the spot that is 15540- 15450- 15403
[15:03] Shai : spot cos we are rolling this week into aug
[15:04] Shai : so sl below 15400 spot minus a few on 30 min closing can give 15540 spot from here either tom or fri
[15:09] Kathir : wow bnf 450
[15:11] Kathir : @RM bnf chance for closing near 640 tomrw?
[15:13] r m : @Kathir, 15540 spot is what Doc just ordered 🙂
[15:13] r m : but that could happen on Friday too, after the expiry of JUL options!
[15:15] Shai : Kathir 15580 tom good chance on short covering
[15:15] r m : 7792 done!
[15:15] Kathir : ok
[15:15] Shai : + we have 80% weekly rule making chances better but that takes the TF to fri
[15:15] r m : Doc’s prescription filled by NF and BNF 🙂
[15:16] Kathir : Doc ?
[15:16] Shai : yes- (14:19) Shai :NF searching for 7795- sl of 7761
[15:16] Shai : neutral extreme
[15:16] Kathir : excellent as usual
[15:16] Shai : If open is not above day high buy 7800 puts at open
[15:17] r m : @Kathir, yeah Doc of western novels, our doc shoots from his MP rifle – very accurate markmanship 😀
[15:17] Kathir : yes hope you had a 100 pointer in bnf
[15:19] r m : i did not take it, was not too happy with the delta – lesson – when it comes to trading hypo, just take the trade and hit the pillow 🙂
[15:19] Kathir : 🙂
[15:20] Kathir : the sad part for me is bought 15600 ce @ 3..since i had to go out placed order for 8 and went ..came and saw it went to 26 🙁
[15:20] r m : but i took longs above 7771 to 7792
[15:21] Kathir : thats a perfect trade for NF..congrats
[15:21] r m : @Kathir, nothing sad about it, you allowed others also to earn 🙂
[15:21] r m : h
[15:21] r m : Thanks!
[15:21] Kathir : yeah 🙂
[15:25] r m : @Kathir, your strangle has come down to 42!
[15:25] Kathir : yeah what a call by Shai
[15:26] Kathir : 105 to 40 without any risk
[15:26] Kathir : and 7700 pe 7900 ce also 25 to 4 now
[15:26] r m : 🙂
[15:26] r m : vow!
[15:26] r m : that was the one with the least risk
[15:26] Shai : No That is a tricky one – Not many would hold the 7800 pe
[15:27] Shai : I didn’t also
[15:27] Shai : was out below 7765
[15:27] r m : there was a fear of rush on 7700PE?
[15:27] Kathir : ok
[15:28] Shai : Theyb held well
[15:28] Kathir : 7700 pe went to 22 today and now 3
[15:28] Shai : Older strikes tend to prevail in expiry weeks
[15:28] Kathir : morning nf went to 7711 is a trap set i guess
[15:29] Shai : Yes in a matter of minutes the market went from hunting 7700 pe to 7800 ce
[15:30] Shai : both new writers
[15:30] Kathir : thanks and bye all
[15:30] Shai : Bye all
[15:30] Shai : Have a nice eve
[15:31] r m : Thanks and bye, have a great evening 🙂