General Chat Transcript
Room Name: Vtrender
Date and Time: July 28, 2014 09:21:21
[08:53] r m : Good Morning folks!
[08:58] Shai : GM all
[08:59] Shai : http://vtrender.com/levels-and-plan-for-28th-july/
[09:00] Kathir : Good Morning Shai RM all
[09:05] r m : Hi Kathir
[09:08] r m : pre-market suggests NF open flat and BNF above 15430
[09:12] r m : Results today – HUL, Dabar, Havells, Bank of Baroda
[09:17] Shai : Open in that 7790- 7800 indifferent range
[09:18] Shai : neutral after 2 days of back and forth moves
[09:18] Shai : eyes on 7800 strike written at 110+
[09:19] Shai : sell side volume is slightly heavier at 15382 dpoc
[09:20] Shai : tom being a holiday expect both players to hold
[09:20] Shai : at 7800
[09:21] Shai : 7798 is the early seller in NF
[09:30] Shai : more of an OAIR
[09:30] Shai : small hint of buyers coming near 7784
[09:30] Shai : could be a quiet session
[09:31] Kathir : @RM what happenned to Axis Bank..stock split
[09:34] r m : let me check
[09:35] r m : stok split from Rs 10 to Rs 2 – 1:5
[09:36] r m : ex date 28jul
[09:36] Kathir : ok thanks ge
[09:36] r m : welcome jee
[09:36] r m : 🙂
[09:36] Kathir : What is the reason behind doing so?
[09:37] Kathir : @Shai BNF long above 430?
[09:37] r m : normally they do it to increase liquidity when market price goes up
[09:37] Kathir : ok
[09:45] Shai : Yes Kathir
[09:45] Shai : abv 430
[09:46] Kathir : 15270 230 possible now shai ?
[09:47] Shai : Open auction Kathir- take it below IBL now
[09:47] Kathir : 7800 pair now 70
[09:47] Kathir : ok
[10:18] Shai : That 2 day range is 7750- 7850
[10:18] Shai : more likely an expiry in that range
[10:19] Shai : which means that the 7800 optimum price is 50 from here
[10:26] Shai : sellers picking up in NF
[10:27] Shai : recommend an aggressive short in small qty with sl above 7804 for 7762/ 7750
[10:27] Kathir : @Shai RM there is a rumour that RBI will cut rate by 25 points before aug..means 2 more working days..if that happens on settlement day bnf will go up ?
[10:28] Kathir : @Shai short at curent level?
[10:28] Shai : yes
[10:28] Kathir : ok thanks
[10:28] Shai : NF
[10:28] Shai : see the amount of sell orders in pane above
[10:29] Kathir : looks like very huge
[10:31] Shai : Kathir what’s the source of that RBI news?
[10:31] Shai : a Bull market is always full of rumors
[10:32] Kathir : yes shai wait ill ask the person who told me 🙂
[10:43] Shai : 7773 val
[10:46] Shai : tgt 1- recommend book 50% and ride at cost
[10:48] Shai : thise sellers at 7785 along with the pink orderflow were a clear signal
[10:48] Shai : a blue here is signs that they are part booking
[10:49] Shai : besides it is near 3sd vwap line
[11:03] Kathir : @Shai that rumour was discussed in sone TV channel
[11:03] Kathir : some
[11:03] Kathir : but 5th is rbi review meeting
[11:03] Shai : ok Kathir
[11:04] Kathir : NF second trgt 750 ..book full there
[11:05] r m : moneycontrol thinks that meeting is on 3rd Aug – http://tinyurl.com/lyf8cwh
[11:07] r m : probably they want Rajan to work on Sundays too 😀
[11:07] Kathir : 🙂
[11:11] Shai : BNF getting small buyers again
[11:16] Shai : seller in BNF sits at 350/ 360
[11:16] Shai : OrderFlow there can give the next 50 pointer in BNF
[11:20] Shai : the algos at 393 and 378 are both sellers as we can see now from the red OF profile
[11:20] Shai : these algos amke a lot of money these days in BNF
[11:21] Shai : 15347 algo looks to be covered by some linit orders
[11:21] Shai : hence not clear
[11:22] Shai : NF still not clear till it comes abv VAL
[11:32] r m : target 2 also done by NF
[11:38] Shai : sellers coming back
[11:39] Shai : new sellers willc ome below 7746
[11:39] Shai : buyers have to quickly cross val to be safe
[11:39] Shai : but even then old seller is at 7790
[11:40] Shai : taken 5 mins back on that touch of 7750- https://www.dropbox.com/s/hdhrqpl7kcuso90/OF_10min%201.png
[11:41] Shai : blue at the bottom is buyers responding
[11:41] Shai : (or shorts closing)
[11:41] r m : Thanks
[11:42] Shai : I’m more inclined to see it as shorts cloing as buy volume is not there on profile chart
[11:42] r m : ok
[11:47] Shai : Now buyers – smaller OF is green too
[11:47] Shai : sl of 7749 can take this to vwap and pssoble 7790 again
[11:48] Shai : *possibly
[11:54] Shai : es has just shot up in last few mins
[11:56] Kathir : @Shai at what time vah val poc values are updated on charts
[11:56] Kathir : morning around 9.20 i saw it was diff values
[11:56] Shai : Kathir the values are the same . they get the value from the prev session
[11:57] Shai : yes belore 9.15 they will have value from thurs
[11:57] Kathir : ok shai thanks 🙂
[11:58] Kathir : i was thinking that val for bnf is 480
[11:58] r m : @Kathir, developing values from previous day become values at the stroke of 9:15 🙂
[12:00] Kathir : 🙂
[12:05] Kathir : @RM your view from here NF BNF?
[12:06] r m : should bounce back a bit for Europe open
[12:07] r m : disclosure: I hold my views and trade Shai’s views 😀
[12:09] Kathir : ok 🙂
[12:09] Kathir : your info is required for TTB CEO 🙂
[12:09] r m : lol
[12:10] r m : now that expiry is near TTB should show some activity 🙂
[12:10] Kathir : yeah prpearing for that only
[12:10] Kathir : you have very good understanding with TTB
[12:11] r m : lol
[12:11] Kathir : for TTB bnf support is @ 15160 range
[12:13] r m : ok, TTB will buy there with a small stop
[12:13] r m : ?
[12:13] Kathir : yes buy CE for this expiry if bnf come there..
[12:14] r m : ok, thanks
[12:15] Kathir : In NF 725 should be a place for eversal i Guess
[12:15] Kathir : 7725
[12:15] r m : ok
[12:16] r m : Shai’s levels are below 7746 > 7728 > 7716
[12:16] Kathir : ok great ..
[12:16] Kathir : even for bnf shai is @ 160 i think
[12:16] Kiran : Hi
[12:18] Kathir : Hi Kiran
[12:18] r m : Hi Kiran
[12:18] Kiran : Can you please tell what is full form of TTB
[12:18] Kiran : being new will require youre help.
[12:18] r m : 😀
[12:19] r m : that is just a joke between Kathir and me (Tips to Bankruptcy inc.) 🙂
[12:19] Kiran : oh
[12:19] Kathir : 🙂
[12:20] Shai : NF slo taken on the new longs
[12:22] Kiran : Shai – we are below VAL so we need to see long term OF . Where do we see that ?
[12:22] Kiran : blue line ?
[12:23] r m : large volumes (algo) at 15250
[12:25] Kathir : dpoc also shifted there
[12:25] Shai : Kiran it is at 7803
[12:25] Shai : is red showing sellers in control
[12:26] Shai : and one algo too 15250
[12:27] Kiran : ok hai
[12:27] Kiran : sorry shai
[12:28] Kiran : there i svertical band at 12:05 blue
[12:28] Kiran : NF, please tell me significance
[12:30] Shai : vertical?
[12:31] Shai : at 7763 in top pane?
[12:33] Shai : buyers are there below 7746- difficult trade here
[12:33] Shai : IF taking short below 7745 trail at 7765 dpoc
[12:45] Shai : 7720 spot is also a supp in Nifty spot
[12:46] Shai : a close below 7740 spot today is not good
[12:50] Shai : 7740 NF is that big sell order
[12:51] Shai : that red bar there took out all the buying
[12:52] Shai : pressure lowever is on the late buyers today and on friday at 7750
[12:52] Shai : *however
[12:57] Shai : buyers expeced in this NF zone 7716- 7730
[12:57] Shai : However now 7765 shows signs of failure for longs
[12:57] Shai : and will be new resistance for this week at least
[12:57] Shai : F prices
[13:00] Kathir : @RM is europe opened
[13:01] r m : yes, dax is drifting down, so not much hope forlongs from there!
[13:02] Kathir : ok…when shai told t go short i enterred 7800 pe@ 41 now almost doubled..but i exited around 52..thanks to shai
[13:04] Kathir : thought bulls will respond..but they are no where
[13:05] r m : they must be buying back their short CEs 🙂
[13:05] r m : i think bnf is seeing buying
[13:10] r m : nope, seller back with a bang
[13:11] Shai : BN spot 15220- 15180 is important to maintain upward trend
[13:17] Kathir : @Shai your setlmnt views was at 7750-7850–is it changed or still same
[13:17] Shai : Not changes yet
[13:18] Shai : But 7765 is emerging resistance now
[13:18] Kathir : bnf range ?
[13:18] Shai : I feel if we go to 7765 now it will be good to get a clearer view if what to expect
[13:18] Kathir : ok thanks
[13:37] Shai : NF hesistating near the 7740
[13:37] Shai : (12:50) Shai :7740 NF is that big sell order
[13:38] Shai : The other 1 is near 7765 where the buy failed
[13:56] r m : nf is showing some more blue
[13:56] Shai : yes passive orders responding
[13:56] r m : ok
[13:58] Shai : the drop from 7750 did not show agressive selling
[13:58] Shai : but there are stuck buyers now from friday and today between 7745 and 7765
[13:58] Shai : If they liquidate near 7765 then NF will close at lows
[14:00] Shai : even then based on current OF we could see still a rise on wed/ thurs
[14:00] Kathir : shall i buy some CE shai
[14:00] Shai : ok Kathir
[14:00] Shai : sl is 7715 F
[14:00] Kathir : ok thanks
[14:02] Shai : some one is selling for 40 points at 15275- 15280
[14:03] Kathir : he should be a trader like me 🙂
[14:04] Kathir : IT index moving up
[14:19] Shai : which would mean pressure on BN
[14:21] Kathir : @RM buyers have to play like maxwell not like dravid
[14:21] r m : 🙂
[14:24] Kathir : bnf confsing..
[14:24] Kathir : confusing
[14:24] Shai : trading 20 points around that dpoc
[14:25] Kathir : it got angry now
[14:25] Shai : IT cleared teh confusion
[14:25] Kathir : yeah
[14:26] Kathir : Shai where is next good supp for bnf
[14:26] Shai : BNf can fall to 15040 if 15160 breaks
[14:27] Kathir : oh !!
[14:27] Kathir : will it take suppp near 15180 spot
[14:28] Shai : watch OF to know
[14:28] Shai : sellers active at 250 now
[14:29] Kathir : How to find with OF?
[14:29] Shai : can drop
[14:29] Shai : blue is buyers
[14:29] Kathir : ok thanks
[14:30] Kathir : Algo @ lows buyers?
[14:31] Shai : not clear
[14:31] Shai : rollovers perhaps
[14:32] r m : hopefully the 250 algo has booked profit though OF is not showing large blue bar 🙂
[14:33] Amit J : shai in case 7700 writers are targeted. howmuch downside posible
[14:33] Shai : 7672 supp below 7715
[14:34] Amit J : if 7715 breaks than
[14:34] Shai : 7672 imm then 7576/ 7600
[14:34] Shai : expecting 7600 to hold in aug
[14:35] Amit J : thanks
[14:36] Kathir : @RM is this the low for BNF and NF?
[14:36] Shai : options writers have played 7600 – 7300 puts in aug
[14:37] r m : @Kathir I wish I knew 🙂
[14:37] r m : TTB buy level in BNF is here though!
[14:38] r m : a flurry of blue at 7725
[14:40] Shai : actually 7720 under pressure now
[14:41] Shai : so is BNF
[14:41] Shai : only IT flying
[14:41] Kathir : @RM yeah since tom is holiday TTB is also confused
[14:46] r m : ok
[14:59] Kathir : @RM please check the low of 15400 PE traded or not?
[15:00] r m : ok
[15:01] Shai : BN under pressure clearly
[15:02] Shai : being the leader have to se if it bounces on wed
[15:07] r m : @Kathir, open and low 1 lot at 100!
[15:07] Kathir : ok thanks ge
[15:10] r m : NF at vwap
[15:11] Shai : yes 7755
[15:12] Shai : too less time to see what happens here
[15:12] r m : guess NF can claim to have tried to close at center!
[15:12] Shai : I think expiry range moved today now at 7765- 7675
[15:13] Shai : presuming that buyers keep clsoing at 7765
[15:13] Shai : or near it
[15:13] Shai : if we cross 7766 then the new sellers at 7800 ce are under huge pressure
[15:14] Shai : 7800 ce is now bigger than 7700 pe
[15:18] Kathir : any possibility for gap up wed?
[15:19] Shai : gap is possible
[15:19] Kathir : ok
[15:19] Shai : let’s wait and see what RM’s MO says today
[15:20] Kathir : @RM how abt MO now
[15:20] r m : should go down further, a/d is not good today
[15:20] Shai : 7720 defended today but 7765 will not make the bull happy
[15:20] r m : 495/1041 right now
[15:21] Shai : yes I thought it should be in the minus 65 zone
[15:25] r m : NF Hypo 1 played to almost the last dot
[15:25] r m : so did the BNF hypo2
[15:25] Shai : yes
[15:26] r m : @Shai, Thanks for your great analysis every day 🙂
[15:27] Kathir : yes congrtas and thanks Shai
[15:27] Shai : always welcome RM
[15:28] Shai : I’m happiest with these current charts now in months
[15:28] Shai : gives a very good read
[15:28] Shai : IT profit booking in last 30 mins
[15:29] Kathir : Shai you wanted NF to close well above 40 but its just on the border
[15:29] Shai : off day highs and BN off day lows
[15:29] Shai : yes Kathir NF loooks caught between 7720 and 7766
[15:30] r m : Thanks and bye folks, Happy Eid 🙂
[15:30] Kathir : ok
[15:30] Shai : Bye all
[15:30] Kathir : yeah thanks and bye all..happy Eid
[15:30] Shai : Enjoy the Eid break
[15:30] Shai : see you all wed