Here is the chat for 04/06/14
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General Chat Transcript
Room Name: Vtrender
Date and Time: June 04, 2014 09:13:04
[08:47] r m : Good Morning folks!
[08:50] Shai : Gm Rm
[08:50] Shai : Gm all
[08:51] r m : Hi Shai
[08:51] Shai : http://vtrender.com/trading-room-levels-and-plan-for-4th-june/
[09:16] Kris : gm all 🙂
[09:17] Kris : i made a guess yesterday that, as 15402 is not scaled – we will visit 15120 again – done! 🙂
[09:19] Shai : it did
[09:19] r m : Hi Kris 🙂
[09:20] Kris : Hi rm 🙂
[09:21] Kris : @Rm – trying a few 7300PE at 59.
[09:21] Shai : opposing auctions again in cnxit and bnf
[09:21] Kris : @Shai – any comments on that trade?
[09:22] Shai : it gors down- bnf up
[09:22] Shai : which one Kris?
[09:22] Kris : 7300PE
[09:23] r m : @Kris OK
[09:23] Shai : could be good- open is below neutrale xterme
[09:24] Kris : 7440 is reasonable sl?
[09:24] Shai : yes
[09:26] Shai : BNf onto 80%
[09:27] Shai : 15177-15247
[09:38] Shai : NF not getting buying supp abv 7435
[09:38] Shai : most probabaly a test near 7380- 86 to get buying interest
[09:38] r m : buyers saw Kris selling there and panicked 😀
[09:38] Shai : 🙂
[09:40] Shai : Open drive down in cnxit
[09:40] Shai : if bnf comes up abv yesterday vwap then we have a nothing day
[09:41] r m : Tatasteel seems to have shifted to making gold now 🙂
[09:42] Shai : hindalco aslo up
[09:42] Shai : metals looking good today
[09:42] r m : ok
[09:44] Dr Bansal : shai,kindly give Tata steel chart.
[09:44] Shai : sure
[09:44] Dr Bansal : thanks.
[09:46] Dr Bansal : shai,give your views on TS.
[09:47] Shai : profit booking coming now on intra
[09:47] Dr Bansal : YES.
[09:48] Shai : can drop to 530 below vwap
[09:49] Dr Bansal : pdl?
[09:49] Shai : yes
[09:49] Shai : BNF does 80
[09:50] Shai : at day highs as cnxit gors to day lows
[09:50] Shai : that math is always good 🙂
[09:51] Shai : BNF can do 15306 abv 15254
[09:51] Dr Bansal : shai,do paper pai trading in both.
[09:51] Dr Bansal : par.
[09:51] Dr Bansal : pair
[09:52] Shai : it’s 1:1 mostly- no big edge
[09:52] Shai : unless we time it extremely well
[09:52] Dr Bansal : ok.
[09:52] Shai : I mean what you make in BNF you will lose in IT
[09:53] Dr Bansal : RR.
[09:53] Shai : avg
[09:58] Dr Bansal : shai,support for TS intra?
[10:13] Shai : 537
[10:18] Shai : auction has stalled in NF
[10:20] Kris : hmm… typical 10.15-10.45 break in BN
[10:20] Kris : shorted BN at 15258 …
[10:20] Kris : SL will be high after 10.45
[10:21] Shai : 15305 would have been better short
[10:21] Kris : will add there Shai.
[10:21] Shai : 🙂
[10:22] Shai : (09:51) Shai :BNF can do 15306 abv 15254
[10:22] Kris : yes Shai – vwap touch is good way to invite some longs and scare shorts!
[10:23] Kris : i missed the vwap line – hence a bit too early!
[10:26] Shai : cnxit still mobing down
[10:27] Shai : *moving
[10:28] Shai : 15360 possible now
[10:31] Shai : It’s mean revcersion profile in BNF
[10:31] Shai : extremes have ti be faded with a small sl
[10:31] Shai : *reversion
[10:31] Shai : Plan- “It’s highly probable that the BNF tests the extremes again tomorrow ( both or any 1) but fails and comes back inside. Hence shorts can be taken near current highs with sl above 15430 when the market goes higher or longs can be taken closer to 15120 with sl of 30- 40 points. ”
[10:38] Shai : back to vwap
[10:51] Dr Bansal : shai,bnf buy on green?
[10:51] Dr Bansal : above vwap.
[10:51] Kris : the only concern for BN shorts would be IBH and VWAP closer – and vwap above ibh
[10:52] Shai : yes dr
[10:52] Shai : can also buy near vwap – a very small qty and add on green
[10:52] Shai : sl 15211
[10:52] Dr Bansal : ok.
[10:53] Dr Bansal : ok.
[10:53] Dr Bansal : ok.
[10:53] Kris : may be better to take them below IB low.
[10:53] Shai : Kris for some time we have been tracking cnxit and BN together and if IT is going down then BNF is not to be shorted
[10:53] Kris : IBH I meant!
[10:54] Kris : ok Shai – looks meaningful.
[11:03] Shai : that pink in BNF has both active and passive sellers now
[11:03] Shai : big test at vwap
[11:04] Shai : coming up
[11:04] Shai : meanwhile NF is stopping under vah and unable to go abv neutral extreme high
[11:05] Shai : so should rotate to VAL to get new buyers
[11:14] Shai : NF testing below IBL now
[12:14] J G : shai/kris – can bn be sold here with sl as 15375?
[12:20] Shai : yes sell belown 310
[12:33] r m : @Shai, VWAP in BNF seems 10 point higher, I checked with nse too, it is showing vwap at 15259 same as my charts
[12:42] J G : shai bn short tgt?
[12:51] Shai : Ok Rm will check
[12:52] r m : Thanks
[12:56] Shai : 15264 now
[12:56] r m : yes, thanks
[12:56] Shai : Thanks for pointing that out
[12:56] r m : welcome
[13:17] Shai : BNF has to protect 240
[13:17] Shai : a break below 240 would mean trouble
[13:17] Shai : this auction abv 250- 270 is what was ecpected post RBi yesterday
[13:18] Shai : But regardless 15120 is turning into a major supp
[13:19] r m : NF is turning into a bell manufacturer these days!
[13:20] Shai : this bell was needed after the big trend day of mon
[13:22] r m : today’s high is almost the end of single prints of 26th May June Future
[13:23] Shai : Nf?
[13:23] r m : NF
[13:23] Shai : yes
[13:24] Shai : That would mean that if the lows of thiose prints now hold as sl then NF goes higher into 7520
[13:24] Shai : can initiate abv those print highs
[13:24] r m : ok
[13:24] Shai : also neutral extreme supports the same view
[13:25] Shai : personally would have liked to see 7385 tested but I think that happened yesterday afternoon from here
[13:26] r m : ok
[14:08] J G : strong bullish mkt here
[14:10] Amit J : looks like mkt is tired now
[14:11] J G : or it is gearing up for a stride towards 8k
[14:12] J G : massive buying in RELCAP/RELINFRA/REL Group shares
[14:31] Shai : close at vwap/dpoc in NF
[14:48] Shai : 7420 is also day midpoint
[14:49] Shai : Normal day if you excuse the 3 points stryaed outside below IBL
[14:49] Shai : *strayed
[14:50] Shai : BNf may want to go to 15320 one time and then come back amaybe
[15:06] Shai : 15315
[15:07] Kris : @Shai- worth taking BN shorts home?
[15:08] Shai : Sl is still 415
[15:08] Shai : Profile is not going anywhere
[15:09] Shai : +390 is an FA
[15:09] Kris : ok. my guess is for an unexpected breakdown…
[15:09] Kris : i might be too early – but – let us see – before weekend we should see it! 🙂
[15:10] Shai : there is a potential 600 points when this profile breaks but direction unknown here
[15:10] Kris : you mean 600 points below 15120?
[15:10] Kris : will be glad to take it 🙂
[15:10] Shai : yes
[15:10] Shai : or back to 16-000
[15:14] Shai : 7400 wrirren today in equla qty
[15:14] Shai : 205 total premium
[15:15] Shai : 7200- 7600 range keeps them safe
[15:17] Shai : 7500 ce writers are the biggest this series
[15:17] Shai : they will feel safe till 7565
[15:17] Shai : aurprisingly put writing is not much
[15:18] Shai : or maybe they are mixed between 7000- 7200
[15:21] Shai : coming back for the vwap close- (14:50) Shai :BNf may want to go to 15320 one time and then come back amaybe
[15:27] J G : kris i am also tempted to short bn for 15200
[15:27] J G : but i think there is some news in the offing (esp. reliance group stocks have done 5% up today) so cant say – mkt may shoot up sharply
[15:29] Amit J : no news coming. its only cnbc rumors which is driving mkt. looks top is in
[15:29] Shai : RIL is buying some company again
[15:29] Shai : small 1
[15:29] Shai : rumors
[15:29] Shai : BNF running away from vwap
[15:30] J G : gap up buying?
[15:30] r m : Bye folks, have a great evening 🙂
[15:31] Shai : buzz was for a stake buy in prime focus
[15:31] Shai : Bye all
[15:32] Amit J : psu banks and other psu cos are up on rumors of special fund
[15:32] Shai : yes that is from day before
[15:33] Amit J : none of the good quality stocks were moving.
[15:35] Shai : consolidation is for the samller ones