(premium) Trading room 31/07

 

General Chat Transcript

 

Room Name: Vtrender
Date and Time: July 31, 2014 09:21:52

[08:58]   Shai : GM all
[08:59]   r m : Good Morning folks!
[08:59]   Shai : http://vtrender.com/levels-and-plan-for-31st-july/
[09:09]   Kathir : Good Morning Shai RM ge all
[09:10]   r m : Hi Kathir 🙂
[09:10]   r m : pre-market suggests flat open in both
[09:13]   Kathir : @Shai u told to buy 7800 pe if nf opens below 7794..shall we ?
[09:19]   Shai : No wait
[09:19]   Kathir : OK
[09:20]   Shai : open closer to 7795 would have been good
[09:20]   Shai : 7768 is pre mkt supp
[09:22]   Shai : NF could be locked 7796- 7768 this morning
[09:23]   Shai : short can be taken near 7790 with a 10 point stop for 7768
[09:26]   Shai : Neutral extreme day in NF yesterday and hence strong posiive bias abv pdh
[09:29]   Shai : 7794 is also a good level to watch orderflow +/- 5
[09:29]   Shai : like yesterday using that level both hypos can play out fully
[09:29]   Shai : more of an SAR
[09:30]   Shai : 15470 in BNF though we have a stray at 15488
[09:48]   r m : BNF got to 380 without much display of red
[09:48]   Shai : red is in aug
[09:48]   r m : ok
[09:49]   Shai : hardly 9000 contracts rolled yesterday in BNF
[09:49]   r m : yes
[09:49]   Shai : so today more i Think
[10:15]   Kathir : @RM ge ICICI bank result today?
[10:16]   Shai : IB over – smaller than exp : (09:22) Shai :NF could be locked 7796- 7768 this morning
[10:18]   r m : @Kathir, yes
[10:24]   Kathir : Thanks ge
[10:24]   Kathir : @RM TTB exp special..dlf 210 ce and 190 pe buy @ 30 paise ..result today..no SL
[10:25]   r m : Thanks!
[10:27]   r m : @Kathir, total buy price should be 30 paise for CE+PE?
[10:27]   r m : LTP is 60 (40+20)
[10:28]   Kathir : total 55 paise
[10:28]   r m : ok
[10:28]   Kathir : yeah 60 is ok
[10:28]   r m : Thanks
[10:28]   Kathir : 205 ce and 195 pe also better but price higer
[10:28]   Kathir : welcome ge 🙂
[10:28]   r m : ok
[10:32]   Kathir : @RM dont forget to shae the profits 🙂
[10:32]   r m : sure 😀
[10:41]   Shai : back in 2 mins
[10:52]   Shai : MP charts decided to go on strike so I had to bring that back to work
[10:52]   r m : offered a pay hike? 😀
[10:52]   Kathir : 🙂
[10:52]   Shai : lol
[10:52]   Shai : accche din will come I told them
[10:53]   r m : lol
[10:54]   Kathir : icici bank moving higher
[10:54]   Kathir : is the results out
[10:54]   Shai : bnf too
[10:58]   Shai : Results mostly of banks come after 12.00 pm
[10:58]   Shai : Their bosses in the Mumbai offices will be just starting work now at 11
[10:59]   Kathir : may be some trader know the result earlier
[10:59]   Kathir : sometimes this could be a trap also
[11:02]   Kathir : @RM this q almost all banks gave good results i guess?
[11:05]   r m : @Kathir, I have forgotten all about fundamentals 😀
[11:06]   Kathir : 🙂
[11:06]   Shai : Yes gen all results have been good
[11:17]   r m : BNF chooses to make 470 its home 🙂
[11:20]   Kiran : BNF has given pink , so near to IB H we can take short position ?
[11:20]   r m : yeah, mixed signals though, aug is showing blue at IBH
[11:21]   Kiran : ok
[11:21]   r m : @Shai, new shorts in BNF below vwap?
[11:22]   Kiran : but the green signal line is flat in aug
[11:22]   Kiran : BNF
[11:22]   r m : yes
[11:23]   r m : as Shai said 15470 is sort of SAR here, so till it breaks down or out, it may be a bit confusing
[11:24]   Kiran : ok
[11:25]   Shai : Yes RM shorts below vwap
[11:25]   r m : Thanks
[11:25]   Shai : Kiran you can take that short on the pink biut close at vwap and keep sl abv day high
[11:26]   Shai : momentum below vwap
[11:29]   Kiran : Shai, how to use the ALgo signal 15493 ?
[11:30]   Kiran : means how it adds to the uderstanding
[11:30]   Kiran : understanding
[11:31]   Shai : Algo is always a big player
[11:31]   Shai : most probably institutional activity
[11:32]   Shai : around expiry we trend to be careful with the algos as they can be only big people rolling futures
[11:32]   Shai : but in other weeks it could signal a shift short term intra mostly
[11:32]   Shai : we have seen that player move the market 50- 100 points quickly
[11:34]   Kiran : ok
[11:34]   Kiran : thanks
[11:34]   Mandar : GM ALL. Shai algo is predefined om min qty or value or both?
[11:35]   Mandar : on
[11:35]   Shai : Quantity and time taken to fill it
[11:35]   Mandar : ok
[11:36]   r m : Hi Mandar
[11:36]   Kathir : Hi Mandar Kiran
[11:37]   Mandar : Hi RM , Kathir, Kiran 🙂
[11:37]   Shai : the avg quntity traded in BNF per one point is about 2000, so if we get something like 6000 in 15 secs we know it is not retail
[11:37]   Mandar : ok
[11:37]   Shai : BNF holding vwap
[11:37]   Kiran : yes
[11:37]   r m : @Shai, longs in BNF above IBH or above day high now?
[11:38]   Shai : 2IB abv IBH is also 15555
[11:38]   Shai : IBH is good
[11:38]   r m : thanks
[11:39]   Shai : even NF trying to stay abv vwap
[12:06]   Kiran : Shai, what is the Red,blue indicator now ? NF, BNF
[12:26]   Shai : It’s blue in NF near 7748 and BNF blue at 15500
[12:27]   Shai : If there is a change it will update on twitter
[12:28]   Kathir : @Shai it seems now if bnf goes below vwap straihtly it will reach days low
[12:28]   Kathir : starightaway
[12:30]   r m : perhaps that is why bulls are trying hard to keep it nailed here!
[12:30]   Kathir : yeah
[12:30]   Shai : there is a buyer at 15410
[12:31]   Shai : 15486 is the seller- see the profile greens
[12:34]   Kathir : 09:22 Shai : NF could be locked 7796- 7768 this morning
[12:35]   Kathir : but it is extended till afternoon 🙂
[12:35]   r m : Lock’s combination lost 🙂
[12:36]   r m : NF is settled below vwap, guess bnf will follow after icicibank results
[12:37]   Kathir : 🙂
[13:15]   r m : BNF behaving like a waterbuoy, bobbed up above vwap again 🙂
[13:16]   Kathir : yeah shai told 410 is abuyer and he responded
[13:16]   Shai : 15410 is early morning supp
[13:16]   r m : yes
[13:20]   Shai : NF is a sell below 7768 sl above 7789 for 7749
[13:27]   r m : @Shai, possiblity to go below 380 if buyer at 410 is taken out?
[13:27]   Shai : yes
[13:27]   r m : Thanks
[13:27]   Shai : happened 🙁
[13:32]   Shai : Now buyers trying to respond
[13:33]   Shai : they can take it to vwap
[13:35]   r m : buying in nf too
[13:39]   r m : @Kathir, you have inspired many tipsters – from an email < How To Find Blasting Stocks For Tomorrow Using TTTBTrading System> 😀
[13:46]   Shai : First sign of big buyers- http://prntscr.com/4838sn
[13:46]   Shai : they came at VAH
[13:47]   Kathir : lol
[13:47]   r m : ok
[13:47]   Shai : looks like an FA in the making
[13:48]   r m : so a break above IBH has chances of succeeding now or that is too far for these buyers to carry?
[13:48]   Mandar : Shai 1448 contracrt traded there
[13:48]   r m : oh, you answered my question 🙂
[13:48]   Shai : Good spot Mandar 🙂
[13:48]   Mandar : thanks
[13:49]   Shai : break abv IBH would mean a market going for neutral extreme
[13:49]   Shai : I would buy a 7800 ce for the close as lottery
[13:49]   r m : ok
[13:49]   Kathir : buy above ib high
[13:49]   r m : thanks, that is far easier and cheaper option 🙂
[13:49]   Kathir : ?
[13:50]   Shai : yes Kathir
[13:50]   Kathir : ok thank
[13:50]   Shai : Technically it would mean a close at vwap or extreme
[13:50]   Shai : that’s why lottery
[13:51]   r m : NF vetoes that FA idea
[14:13]   Shai : yes more sellers also now at that price
[14:28]   r m : not much selling in bn at low
[14:31]   Amit J : Shai – BN buy?
[14:41]   r m : bn going down all right, red or no red!
[14:45]   Shai : No Amit not yet
[14:45]   Shai : Day’s become vol came in NF aug
[14:45]   Shai : but no big buyers yet
[14:52]   Shai : BNF july can do 15375 sl day low cmp 15320
[14:53]   Shai : Amit BNF Aug buy with sl holding near 15230 spot for 2-3 sessions
[14:59]   Amit J : thanks
[15:12]   Shai : pressure on 7700 pe in last 20 mins
[15:12]   Shai : BNF intra july sl taken
[15:12]   Shai : came back from 15350
[15:13]   Shai : yesterday FII’s bought aug F and immedaitely under pressure today
[15:13]   Shai : Clients got shorts yesterday and smiling now 🙂
[15:14]   Kathir : @rm your monkeys under pressure today 🙂
[15:14]   r m : 🙂
[15:14]   Shai : done now
[15:14]   Shai : No more
[15:15]   r m : @Kathir, monkeys have lots of breads to balance (CE and PE pairs) 🙂
[15:15]   Shai : close of july is 200 points higher than June
[15:15]   Kathir : yeah finally they make us monkeys
[15:16]   r m : No! we owe that to our ancestors 😀
[15:17]   Kathir : 🙂
[15:20]   Kiran : next month 7800 put oi change is -ve
[15:20]   Kiran : any clues ?
[15:21]   Shai : Kiran 7800 has been with the ce writer
[15:21]   Shai : smart money will not write ITM and ATM unless they think trend is very strong
[15:22]   Kiran : ok
[15:22]   Shai : alll those who have written there will come out when price goes against them
[15:25]   Shai : Argentina is making the globe weak
[15:26]   Shai : that news should be out by Monday
[15:26]   Shai : if the default happens it will be considered in price , else rally from Mon/ tues
[15:27]   Shai : the last 2 expiries have seen bad news in last 2 days
[15:27]   Shai : even june had some bit of news
[15:28]   Shai : and we rallied when new month started
[15:30]   Kiran : bye
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice eve
[15:30]   r m : Thanks and bye, have a great evening 🙂
[15:30]   Kathir : thanks and bye all
[15:30]   Mandar : bye all