General Chat Transcript
Room Name: Vtrender
Date and Time: July 01, 2014 09:26:26
[09:02] Shai : Gm all
[09:02] Shai : http://vtrender.com/trading-room-levels-and-plan-for-1st-july/
[09:08] r m : Good Mornin folks!
[09:18] Shai : NF trying to probe above y’day high
[09:18] Shai : BNF in range
[09:19] Shai : Not a lot of buyers in NF above pdh
[09:22] Shai : BNf looks better to rise today than NF
[09:23] Shai : or could lead up
[09:25] Shai : expecting NF to consolidate today in the 7620- 7660 kind of range
[09:25] Shai : dips to 7620 are buys with 7605 as sl
[09:31] Shai : more seller above pdh in NF than buyers
[09:42] Shai : Not much happening in the IB
[09:42] Shai : between cnxit and BN there is a tussle for direction
[09:47] Shai : if cnxit crosses 9900 then BN will be forced down again
[09:48] Shai : BNF still that 15320- 15450 range
[09:51] Amit J : @RM metals rallied
[09:52] r m : Yes Amit
[09:58] Shai : yes good moves tpday esp hindalco
[09:58] Shai : top sectoral leader
[09:58] Shai : http://prntscr.com/3y7ont
[10:13] Amit J : which software is this shai
[10:14] Dr Bansal : shai,positional trade in nf/bnf till budget.
[10:16] r m : @Amit, I think this is subscription site myfno.com
[10:21] Amit J : thanks
[10:26] Shai : myfno yes
[10:27] Shai : Dr 7700 spot tgt sl below 7552 spot now- buy on dip
[10:27] Shai : can extend to 7900 spot
[10:28] Shai : buy and hold every dip as long as 7500 spot holds on closing basis
[10:29] Shai : last month at 7500 the early call writers and the laste put writers both made good money
[10:29] Shai : so 7500 from the derivative angle is also an imp support besides being last series vwap on spot
[10:40] Dr Bansal : shai,7700/7900 tgt prebudget or till expiry?
[10:42] Shai : 7900 till expiry
[10:45] Shai : see bnf getting buyers even as cnxit runs down
[11:02] Shai : (09:25) Shai :expecting NF to consolidate today in the 7620- 7660 kind of range
[11:03] Shai : vah is holding up at 7634
[11:03] Shai : this kind of day will be positive into tomorrow
[11:04] r m : @Shai, Is it possible to zoom out the MP charts a bit, just to make it easy to follow the journey of individual letters 🙂
[11:04] Shai : closing basis sl of 7606 should give 7683/ 7743 by thurs/ latest fro
[11:04] Shai : sure RM
[11:04] r m : Thanks
[11:04] Shai : is that good?
[11:04] r m : yes, too good 🙂
[11:05] Shai : 🙂
[11:57] Shai : Some footnotes on budget expectations
[11:57] Shai : 1) power companies to beneft from a expected tax holiday as Modi has plans to take the power crisis out of india
[11:57] Shai : stoick to watch : powergrid
[11:58] Shai : auto companies to gain from excise exemptions
[11:58] Shai : company to beneft : M&M
[11:59] Shai : infrastructure push : gMR and IRB
[12:00] Shai : solar enegy likely to get a big push
[12:01] Shai : google solar power companies on NSE as penny investements
[12:05] Amit J : power mein NTPC biggest beneficiary if any announcement
[12:05] Shai : If BN spot moves abv 15360 we get another 200 to 15560/ and possibly 15720 spot
[12:06] Shai : yes NTPC
[12:07] Shai : lots of talk on tax sops pre budget and that would impact disposable income dependent companies like jubilant
[12:19] r m : agro technology companies may also have exploisive growth, govt is likely to increase its spendings in this area
[12:21] Shai : ok
[12:28] Amit J : if you want i can give you list of 40-50 stocks which can be impacted via various policies. you all can shortlist 5-10 based on tech and all can invest for 5 years
[12:56] Shai : sure do send
[13:29] Dr Bansal : you have forgotten banking.
[13:39] Shai : yes banks will gain on the insurance proposals
[13:39] Shai : icici best bet
[13:47] Amit J : insurance best play are exide max and icici in that order
[13:48] Amit J : infra financing play is L&T fin
[13:48] Amit J : gold duty play are titan pc jew.
[13:51] Shai : ok
[13:51] Shai : nice
[14:03] Shai : some 1 is defending vwap and 7650 well today
[14:03] Shai : but supply is there at highs 7660+
[14:04] Shai : 2 sided auction as the market finds balance after the imbalance yesterday
[14:05] r m : fat profiles today, tomorrow may be a dieting day 🙂
[14:10] Shai : 🙂
[14:10] Shai : yes they feast and then run
[14:10] r m : lol
[14:10] Shai : 7700 call is still good here into tom
[14:11] Shai : IT is trend day down – should finish at lows
[14:11] Shai : which would mean BNF can do a clsoing high
[14:11] Shai : 15360 spot is still my ref levels
[14:32] Shai : range break attempt
[14:43] Shai : BNF in a neutral day type with an FA at 15363
[14:44] Shai : a neutral extreme close with a followup tom morning abv day high is a long trigger confirmation
[14:45] Shai : chances of a close at 15420 vwap/dpoc also high
[15:02] Shai : 7650 now the highest volume this week
[15:05] r m : 15475 was the max level given in pre-market view, naturally BNF had to return from there!
[15:07] Shai : 🙂
[15:07] Shai : was the top of the single print of 26/06
[15:07] r m : ok
[15:10] Shai : fine balance today in both nf and bnf
[15:10] Shai : value areas imp tom
[15:11] Shai : BNf deciding to do neutral center
[15:11] Shai : NF prefering a vwap close
[15:11] Shai : vol is poor at 7.44 mln today
[15:12] Shai : need an expansion of volume tom for a break higher else we move lower to test 7606 or 7620
[15:25] Shai : BNf hugging vwap – NF is a few points above
[15:26] Shai : Markets back in balance and exit of value and range are good trades tom
[15:26] Shai : vwaps of 7655 and 15420 decide bias in IB
[15:30] r m : Thanks and bye, have a great evening 🙂
[15:31] Shai : Bye all
[15:31] Shai : Have a nice eve
[15:31] Amit J : hul news expected
[15:32] Amit J : open offer
[15:32] Shai : ok
[15:32] Shai : tonight?
[15:32] Amit J : yes price move showing.
[15:32] Amit J : which would mean gap up tomorrow
[15:34] Shai : ok