Here is today’s chat :
General Chat Transcript
Room Name: Vtrender
Date and Time: June 03, 2014 09:12:50
[08:55] Shai : GM all
[08:55] Shai : http://vtrender.com/trading-room-levels-and-plan-for-3rd-june/
[09:02] r m : Good Morning folks!
[09:16] Shai : BNF open just below pdh
[09:20] Shai : 30 point discount in BNF F
[09:27] Shai : 15220 from yesterday exp to give initial supp
[09:27] Shai : Still a very open auction
[09:27] Shai : OAOR type in NF
[09:27] Shai : OAIR in bnf
[09:31] Shai : more buyers in NF now
[09:57] Shai : quiet IB
[09:57] Shai : Market has decided to react post RBI only
[09:58] Shai : 7368 is the high volume node of yesterday
[09:59] Shai : vah is 7373
[09:59] Shai : yesterday’s buyers control above these 2 numbers
[10:00] Shai : BNF is showing excess near day highs
[10:00] Shai : so maybe not ready to climb further up just yet
[10:01] Shai : I would have been more comfortable with longs if it had stayed abv 15270
[10:01] Dr Bansal : shai,bnf here on green?
[10:09] Shai : can give you 15280
[10:09] Dr Bansal : ok.
[10:13] Shai : NF coilding at vwap/dpoc
[10:15] Dr Bansal : shai,sl bnf here?
[10:43] J G : munde takes exit route from earth……
[10:45] r m : yes, very sad
[10:45] J G : he was a union minister in bjp?
[10:45] r m : yes
[10:46] J G : just a week ago he took the oath that means
[10:46] J G : thats the irony called life
[10:49] r m : pre-RBI move 🙂
[10:50] J G : chali chali bhai chali chali
[10:51] J G : shai give me 7450/15500
[10:52] r m : ask for 15625 man, why be miserly when asking? 🙂
[10:53] J G : shai give me 15625.25 🙂
[10:53] Kris : Good morning All 🙂
[10:53] r m : Hi Kris 🙂
[10:53] Kris : Hi Rm, JG, Shai 🙂
[10:53] J G : hi kris
[10:53] r m : Kris’s watch is synchronized with Rajan’s 🙂
[10:53] Kris : Shai – a bit rusty to take trades – but – 15260 BN short entered –
[10:53] J G : !!!
[10:54] J G : that is a suicidal trade sir
[10:54] J G : keep sl
[10:55] J G : shai’s premkt note says 7425+?
[10:55] J G : and 15402/588
[10:55] Kris : thanks Janak – I will take care!
[10:56] Shai : 5 mins
[10:58] r m : BN poised at the center of today’s range!
[10:58] Shai : usdinr too
[10:58] Shai : 60/ 59 both possible
[10:59] J G : vow kris!
[10:59] J G : salute
[10:59] Kris : Booked half at 15120
[10:59] Shai : 🙂
[10:59] r m : congrats Kris 🙂
[11:00] J G : kris is a lion-hearted trader
[11:01] Shai : 15120 big supp
[11:01] Shai : No change
[11:01] Shai : No change in all 3 on expected lines
[11:01] J G : now the other side
[11:01] J G : that is bullish shai?
[11:01] Shai : No expected
[11:01] Shai : slr cut
[11:02] J G : so uptrend continues?
[11:02] Shai : slr cut 50 bps
[11:02] Kris : added them back at 15310
[11:03] Kris : my guess is as long as we do not move above 15402 – we will go back to 15120
[11:03] Shai : http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=31329
[11:04] J G : kris i did 240-375
[11:04] J G : pl congratulate me 🙂
[11:04] Kris : congratulations Janak
[11:04] J G : 🙂
[11:04] Shai : See these guys- how they play events- they give algos a complex 🙂
[11:04] Kris : @Rm – nothing to be really proud of -more guess work
[11:06] J G : shai 402 can come today?
[11:07] r m : @Kris, great guess 😀
[11:08] Shai : policy on expected lines
[11:08] Shai : market not bothered- non event
[11:09] Shai : BNF holding 15120 and NF 7350 post policy is positive
[11:10] Shai : Now NF needs a stronger move abv 7395
[11:20] Shai : Fii’s are allowed in Fx now
[11:20] J G : down move and up move now being played again in slo-mo 🙂
[11:20] J G : for those who missed the thrills
[11:20] Shai : lol
[11:21] J G : so we have a safe local train to 400 shai now?
[11:21] J G : day high 390
[11:21] Shai : vwap cross
[11:22] Shai : BNf may not be ready to take out 15400
[11:22] Shai : A FA at 15390 now
[11:22] Shai : at 15111 too
[11:23] Dr Bansal : FA?
[11:23] r m : FAs galore!
[11:23] r m : failed auction
[11:23] Dr Bansal : ok.
[11:31] Shai : NF day type is NV down
[11:31] Shai : Has to still stay abv vwap today
[11:32] Shai : last drop is 7403- 7346= 57
[11:32] Manikandan : hi shai, rm ,kris and Jg
[11:32] Shai : Hi manikandan
[11:33] r m : Hi Manikandan
[11:33] J G : hi manikandan
[11:33] Shai : BNF drop= 15390- 15150= 240
[11:33] J G : nf keen to go back to day high?
[11:38] Amit J : now event is done. we are back to normal market. what levels to track for trend indications
[11:40] J G : shai lat drop was around 48 points? 7396-48
[11:41] J G : The Bias is likely to be up above trend day high of 7379 tomorrow and a move above 7395 should be bought with stops below 7378 for 7412 and 7435. Since the Max pull back was 24 points, the market is expected to show strength as long as pull back below day high does not exceed 24 x 2= 48 points from highs.
[11:41] J G : premkt note from shai
[11:42] J G : at present at 7379
[11:47] Amit J : thanks
[11:48] J G : also this: Buy dips till 7325 with sl below 7295 should be the strategy.
[11:49] J G : a buy around 7350 would have worked so well
[11:56] J G : 7495 coming shai
[11:56] J G : all eyes on rm ::
[11:56] J G : big bull kya karta hei idhar
[11:58] J G : 4 pt premium in nf!
[12:03] J G : oo lalal
[12:03] J G : 7412 done – good call shai – thxn
[12:04] J G : now the next one 7435
[12:06] Shai : NF in a neutral day
[12:08] Kris : Dont be surprised if BN does an IB band trade!
[12:09] Shai : NF extended – has to cool down
[12:14] Shai : 7380 supp on declines now
[12:15] J G : 7450 on
[12:15] Shai : intra day 7402
[12:16] Shai : Spot res is 7422- clear 80- point move above it
[12:18] J G : relcapital is the real beast
[12:22] Shai : BNf not showing interest to rise abv 15400
[12:23] Shai : prefer a dip in NF to maybe 7400 to buy thatn here at 7422
[12:23] Shai : too close to that vwap band to initiate new longs
[12:35] J G : (12:08) Kris :Dont be surprised if BN does an IB band trade!
[12:35] J G : thnx kris – pl keep sharing
[12:42] Shai : Nf struggling to get enough buyers at IBH
[12:42] Shai : dip to vwap is quick below 7400
[12:53] Kris : (11:03) Kris :my guess is as long as we do not move above 15402 – we will go back to 15120
[12:53] Shai : good one 😉
[12:53] r m : yep!
[12:55] Kris : @Shai – looks I am not too rusty 🙂
[12:57] J G : my niece got 98% in SSC board exams
[12:57] Kris : dont be surprised for a close at lows of the day – if vwap resists for next 30 minutes.
[12:59] r m : Congrats JG!
[12:59] r m : Thanks Kris
[13:00] Kris : @Shai – with a 15402 SL can positional shorts be maintained in BN? for 500 points or so
[13:01] J G : thnx rm – she is a studious girl and like her dad wants to be a psychiatrist
[13:01] Kris : Congrats Janak – nice to hear!
[13:02] Amit J : congrats
[13:02] J G : thnx kris
[13:02] J G : amit
[13:02] Dr Bansal : JG,are you a psychitarist?
[13:02] J G : dr – no
[13:03] Dr Bansal : you said that.
[13:03] J G : my niece’s dad
[13:03] Dr Bansal : oh.
[13:07] Kris : @DR. B – JG is psychiatrist by hobby and passion! 🙂
[13:07] r m : 🙂
[13:08] J G : lol
[13:32] J G : nf has other plans
[13:44] Shai : NF safely abv IBH now
[13:47] Shai : Looks more like a neutral extreme and another close at highs
[13:48] Shai : sl for that view is 7401 and new longs can come abv 7435
[13:50] Shai : tgt could be 7505/ 7519
[14:48] Shai : Both NF and BNF look balanced and are neutral days
[14:49] Shai : 2 time frame visisble in both unlike the 1 TF of yesterday
[14:49] Shai : drops have been more than yesterday also – just over twice
[14:50] Shai : a neutral day can close at day center or extreme depending on who is stronger at close
[14:50] Shai : 7390 day center in NF
[14:50] Shai : 15260 in BNF
[15:12] Shai : looks like BNf will do neutral center and NF neutral extereme
[15:13] Kris : @Shai – BN is honoring my guess so far 🙂
[15:14] Shai : 🙂
[15:21] J G : any short carry?
[15:22] J G : bn 300 pe?
[15:27] Shai : no
[15:27] J G : ok
[15:27] Shai : should be a flattish open
[15:27] Shai : 3-1-3
[15:27] Shai : 2 Fa’s
[15:28] Shai : still a neutral extreme in NF
[15:30] Shai : Bye all
[15:31] Shai : Have a nice eve
[15:31] r m : Thanks and bye, have a great evening
[15:31] Amit J : bye