[08:56] Shai C: GM all
*** Shai **, Welcome to the Vtrender conference room!
[09:09] Shai C: sgx projecting a gap up
[09:10] Shai C: likely to be an OAOR
[09:10] r m: Good Morning folks!
[09:19] Shai C: no big buyers on the gap yet
[09:21] Shai C: 5905 spot is morning supp, 5930 tgt
[09:29] G D: GM all!
[09:30] G D: Shai – there was no profitbooking for yet from the 1000 point run up till now. Can we expect something today?
[09:32] Shai C: rumors on dmk chief's health
[09:33] Shai C: GM Girish
[09:33] r m: Good Morning Girish 🙂
[09:33] Shai C: MO is still 42
[09:34] G D: GM RM/Shai
[09:35] G D: Yes Shai – MO still has some way to go till 80+ and 6000CE are big and not much of PEs @5900/5800. So the ones to go after are probably 6000CE writers
[09:37] G D: Shai – yesterday, I logged in and asked a Q abt INR and I vaguely recall you mentioning 55.2 as SL for my short. Had to leave for a customer visit and couldn't even thank you for that info. Still the same view?
[09:37] Shai C: 5900 ce still not wilting
[09:38] G D: Shangahi up 3% – don't know what magic the Chinese did
[09:38] r m: PCR came down yesterday and FII were net sellers in index future for last 2 days
[09:38] Shai C: Girish 54.94 is a tighter SL today
[09:39] Shai C: 54.76 is a multi composite POC- likely to be here sometime
[09:39] Shai C: 54.16 tgt below today/ tom if we stay
[09:40] Shai C: shanghai bounce was awaited- bulls rushing in to buy. we have to see if that 1950 level holds
[09:41] r m: @Shai, that 12348 came today 🙂
[09:41] G D: Thanks Shai. I did notice that Shanghai was tanking for last few sessions
[09:48] G D: Is there some vote on FDI today?
[09:49] Shai C: Yes RM
[09:49] Shai C: notice the move from pr1 to pr2 is always swift from a balanced profile
[09:49] Shai C: pr3 likely now as the market moves into imbalance
[09:49] r m: ok, thanks
[09:50] Shai C: GD loksabha votes today
[09:50] Shai C: may not be over till RS completes
[09:50] G D: Got it.
[09:50] Shai C: chances of retesting the balance highs are good on a failed RS vote
[09:54] Janak G: gm all, gd- i am on a verge of signing an interesting JV for Executive Search with a corporate house
[09:54] Janak G: on the verge
[09:54] Janak G: they want to enter this field and want me as their "Chief Executive Search Consultant"
[09:55] r m: Congrats Janak 🙂
[09:55] G D: JG – nice! So you ask for 80% stake in that company 🙂
[09:55] r m: only 26% to begin with 🙂
[09:57] G D: JG – ask them for a corner office where you can put a 50''+ HD screen and see the charts .. – traders will be traders 🙂
[09:57] r m: lol
[09:58] Janak G: 🙂
[10:00] Janak G: vow shai, green delta at close in silver showed its colors now
[10:03] r m: means delta can sometime point towards accumulation too ?
[10:03] Janak G: that was the case here rm
[10:04] Janak G: that way, usdinr shd shoot up any time
[10:04] r m: Thanks, one more thing to remember – a spare brain needed to keep all that memory 🙂
[10:05] r m: something like a USB drive to be attached to one ear 😀
[10:05] Janak G: 🙂
[10:06] Janak G: see that delta in usd and now it is shooting up
[10:07] r m: yes
[11:47] Dr B: shai ,ng chart plz.
[11:50] Shai C: ng chart on bottom right
[11:51] Shai C: bn
[11:54] G D: Shai – I had shorted from 12354 – should I cover here?
[11:54] Shai C: mkt still trying to break IB
[11:55] Shai C: yes pdh + vah would be bringing buying
[11:55] G D: thanks. may be I should take my profits before they vanish!
[11:55] Shai C: plus it was extended below white vwap band
[11:56] Janak G: this mkt simply does not want to correct – goes up and up since many days
[11:57] Janak G: maybe a touch to 5900 will bring back some sanity today?
[11:57] Shai C: today's it's diff
[11:57] G D: JG – it will eventually correct after all the shorts give up!
[11:57] Shai C: mkt does not show real buying happening
[11:58] Shai C: 5920- 30 resisted upmoves past 3 days
[11:58] G D: I remember back in Feb this year I was shorting from 10500, thinking that it has run up 3000 points and it should correct. The market went up another 700pts to 11240 and then made a 1000 point tank in less than a week..
[11:58] Shai C: today it is upp]
[12:00] Shai C: RS vote if fri at 2.30
[12:00] Shai C: *is
[12:00] Shai C: will be a big weekend move 🙂
[12:00] r m: perhaps brokers fixed the timing 🙂
[12:01] Shai C: lol
[12:01] G D: RM 🙂
[12:04] G D: RM – The current high of the day I checked in google finance was reached at 9:46am . SO there is something about that 9:40-9:50am that makes market hit high/lows on several occasions
[12:05] r m: yes Girish, absolutely right, guess that is when you took the BN short?
[12:08] G D: RM – I was scared early this morning due to gap up but when the second bounce came at 11:30, I took short with day high SL.
[12:08] Janak G: prem. in nf39 – so upside capped ?
[12:08] r m: Thanks
[12:09] G D: JG – that premium probably reflects the CE pricing
[12:10] Shai C: Be careful with long positions today
[12:10] Shai C: something diff in the mkt today
[12:10] Shai C: there are shorts built in the morning, if they don't clear by afternoon we will have a down close
[12:11] Shai C: 3 day value area below 5920 will bring 5890 again quickly
[12:39] G D: Anybody trading Crude? Since last few days, its got a complex pattern. Goes up before US market open and tanks during US market hours
[12:40] G D: And also INR movement is capping some of the gains Crude made in $ terms
[12:47] Shai C: yes
[12:47] Shai C: crude has been stationary
[12:52] Pasi C: hi Shai
[12:53] G D: Shai – I am not sure if it was last week or week before, I traded crude from low of 4600 with some 40 points and after that it shot up almost 300 points. Very difficult to trade for a direction in this 300 point range
[12:53] Pasi C: i was off from last 10 days
[12:53] Janak G: how did u come alive pasi ? ;
[12:54] Pasi C: hi janak how r u
[12:54] Janak G: like rani's ghost in Talaash?
[12:54] Pasi C: is rm there?
[12:54] Janak G: pasi, i am in Talaash of good trades
[12:54] Pasi C: 🙂 janak
[12:54] r m: Hi Pasi 🙂
[12:55] Pasi C: congrats janak
[12:55] Pasi C: how r u rm
[12:56] r m: fine Pasi, enjoying the cold weather 🙂
[12:56] Pasi C: 🙂
[12:56] Janak G: with onion pakoda and tea
[12:56] r m: lol
[12:57] Pasi C: FDI bill passed?@rm
[12:57] G D: Pasi – welcome back…
[12:57] Pasi C: hi GD How r u
[12:57] r m: @Pasi, no big movement in market, looks like not yet passed ( I seen only ticker) 😀
[12:57] Pasi C: :)ok
[12:58] Pasi C: sp bsp will not vote
[12:58] r m: yes, they must have extracted their price 🙂
[12:59] Pasi C: yes exactly rm
[13:00] Janak G: sp,bsp demanded 5 million 6000pe at 1 rs
[13:00] r m: actually FDI in retail is good both for consumers and farmers, only large wholesaler and middlemen will be impacted, God knows why Political parties are opposing it 🙂
[13:00] r m: @Janak, LOL
[13:00] r m: PE or CE? 🙂
[13:00] Janak G: pe. It is at 115 here ;
[13:01] G D: INR tanking …
[13:01] Janak G: so they can starightaway sell all
[13:01] r m: ok, cash in hand 🙂
[13:02] Pasi C: for farmers it will not be good rm for example we can produce only 70 bags paddy in an acre where as western countries can produce 200 bags per acre then we can not get better price@rm
[13:02] r m: @Janak, maybe they are allotted PE (private equity) or SE (sweat equity) in Government 🙂
[13:03] r m: @Pasi, i can't understand your mathematics 🙂
[13:03] Pasi C: we should take crop holiday permanantly 🙂
[13:03] r m: 😀
[13:04] Pasi C: we need to take crop holiday permanantly
[13:13] Janak G: eu open a tank?
[13:15] G D: JG – confusing market for me. INR is not at swing low of 54.2 but BN/NF are already at swing highs ..
[13:20] Shai C: shanghai is still up
[13:20] Shai C: es is rallying
[13:21] Shai C: mkt did not make a serious attempt tpo go lower than 3 day high of 5930
[13:21] Shai C: should target higher levels now
[13:21] Shai C: as per auction process
[13:22] Shai C: only problem is morning sellers have not yet given up
[13:22] Janak G: its been time we had eu gyro
[13:24] Janak G: pyro wanted
[13:26] r m: Pyro height limited to 24points 🙂
[13:36] Shai C: BN may blast up
[13:39] G D: In the mean time, INR goes for deep sea diving ..
[13:47] Janak G: gd inr in a good pos. to make a W
[13:47] Janak G: delta is super
[14:01] Janak G: where have all the sellers gone?
[14:02] r m: they are in a luncheon meeting with buyers 🙂
[14:03] Janak G: gap downs have gone to text-books of dehradoon ; no more reality
[14:03] r m: vix is crawling up
[14:03] Janak G: tom might be a gap down
[14:03] r m: market makers have decided to give only 30-40 point to intraday players rest in gaps 🙂
[14:03] Janak G: lol
[14:04] Janak G: funny: NF +24, NS -16, so it is all option buyers drama today
[14:08] Janak G: inr at vwaop
[14:13] G D: JG – just back. INR reversed pretty fast. Need to see if Bn tanks
[14:23] Janak G: bears are hiding
[14:23] Janak G: no one wants to sell in this mkt
[14:24] Janak G: only a gap down will do the trick
[14:27] r m: it happens when folks are programmed to buy the dip 😀
[14:35] G D: JG – as of now shorts are only working intraday ..
[14:37] G D: BN seems to be headed to 13k+ but it all depends on health of FIIs and ES
[14:39] Shai C: BN does a range extension up
[14:39] Shai C: looks like some shorts got hit
[14:44] G D: 12339.95 — desparate attempt by bears to keep it under 12400!
[14:44] Shai C: profile is still balanced
[14:44] Shai C: don't know what bulls are planning
[14:44] G D: vacation in hawaii with Santa 🙂
[14:45] r m: 🙂
[14:45] Shai C: es is up so chances of a tank are less
[14:46] Janak G: intraday 20 pt tank also not happening ::
[14:46] Shai C: 18125/ 25 at 12387
[14:46] Shai C: delta shows it as a sell
[14:46] G D: RM – I remember a EW terminology called "running correction" — it meant that market is correcting but going up. Only EW guys can come up with such masala!
[14:46] r m: 🙂
[14:47] r m: only NF can give a neutral day in 26 point range!
[14:50] Shai C: lol
[14:50] Shai C: 26 seems to be a new favorite
[14:50] r m: 🙂
[14:50] Shai C: I will do only 26, and will not work anymore 🙂
[14:51] r m: 13 point IB and 13 point range extensions – 13 ka kamaal 🙂
[14:51] Shai C: except that NF divided the extension as half n half
[14:51] r m: jo mangoge uska aadha milega 😀
[14:55] Shai C: BN is back
[14:56] G D: RM – IB coveredd in 1 candle!
[14:56] Janak G: are wah
[14:57] Janak G: jo mangoge….:
[14:58] Janak G: i took a trade – 19 lots of 5800pe at 35, sold at 37.50 🙂
[14:59] Janak G: does anyof that makes any sense ? 🙂
[14:59] Janak G: except for the 2.20 k i made
[15:00] r m: lagbhag 2IB bhee ho gaya
[15:03] Shai C: Now we have some real competition with NF 🙂
[15:03] r m: lol
[15:03] Shai C: sorry it's 12270
[15:03] Shai C: prem is fine
[15:04] Shai C: deleted
[15:06] Shai C: close is at POC
[15:17] Janak G: one question shai: if OI is increased – what does it indicate? bullishness or?
[15:21] Shai C: price up . vol up OI up is bullish
[15:23] Dr B: shai,long in nifty,exit or hold till tm?
[15:24] Shai C: sl is 5915 fut
[15:24] Shai C: strict sl
[15:26] Shai C: mkt is balanced but delta shows that the seller was prominent
[15:26] Janak G: nf delta at close good – so longs safe?
[15:26] Janak G: like silver yday
[15:28] Shai C: yes some guys covering
[15:28] Janak G: might be a massive gap up – 50 pts
[15:30] r m: Thanks and bye all, have a great evening 🙂
[15:30] Janak G: rm punched a goodbye order in bn/nf
[15:30] Shai C: 5949/ 11374
[15:30] Shai C: Bye all
[15:31] G D: Bye ally
[15:31] G D: *all
[16:15] Rahul G: shai can u plz let us know if there is fianlly a buy or sell in crude
[16:16] Shai *: Crude is a buy
[16:41] Rahul G: thanks
[20:26] Dr B: hedge funds booking profits in commos before year end.So be alert.
[08:56] Shai C: GM all