General Chat Transcript
Room Name: Vtrender
Date and Time: July 10, 2014 09:12:51
[08:56] r m : Good Morning folks!
[08:58] Shai : GM all
[08:58] Shai : http://vtrender.com/levels-and-plan-for-10th-july/
[09:13] Shai : MO hit -70 yesterday
[09:13] Shai : so downsides are not big from here
[09:13] Shai : event uncertainty only factor
[09:14] Shai : pre budget rally of alst week retarced fully
[09:14] Shai : *retraced
[09:14] Shai : No euphoria ahead of budget
[09:14] Shai : Cross of VAH is the long trade as per plan – conservative
[09:16] Shai : 15446??
[09:22] r m : Volume 1225 at 15446
[09:23] r m : strong marker 😀
[09:24] Shai : yes I saw that
[09:25] Shai : took it off the chart as it will spoil IB
[09:25] r m : yes
[09:35] Shai : Open trying to stay below VAL in NF
[09:35] Shai : No sign of aggressive buyers yet
[09:48] Shai : very much an open auction as 1 would expect
[09:48] Shai : money stays on the sidelines
[10:01] Amit J : whats current MO Level @shai
[10:02] r m : -0
[10:02] r m : -70
[10:02] r m : till yesterday
[10:03] Amit J : no i meant current. did we tested -80
[10:03] r m : possible, Adv/Dec right now is 367/861 for NSE today so far
[10:04] r m : but my charts calculate only EOD
[10:07] Amit J : ok thanks
[10:16] Shai : buy orders building at 7584
[10:20] Shai : spot 7600 min level to cross now for long trades
[10:20] Shai : imm target could be 7674- a 74 pointer
[10:21] Shai : BN spot 15000 to cross for 15137/ 15233 spot
[10:21] Shai : NF from Val to vah is a trade based on 80% now
[10:22] Shai : shorts see 7527/ 7515 spot from here
[10:23] Shai : also can run down to 7456 spot
[10:24] Shai : broad range for the volatility – 7456 to 7684-7750
[10:24] Shai : spot prices
[10:25] Shai : 14685 BN spot supp
[10:26] Shai : vix is down 17.95 pre budget
[10:27] r m : so writers are fearless now!
[10:29] Shai : today’s drop is explainable as event risk drains out
[10:29] Shai : but yesterday vix was dropping – that was weird
[10:37] r m : http://budgetlive.nic.in/
[10:39] r m : youtube link – https://www.youtube.com/watch?v=_S2NF0Fek6g
[10:39] Shai : Nice link RM thanks
[10:39] r m : welcome 🙂
[10:46] Shai : buyers moving in
[10:48] Shai : 7610 no sellers yet
[10:52] Shai : 7584 has buyers
[11:11] r m : NIC needs to be re-staffed, they are not able to provide the video 🙂
[11:11] Shai : 🙂
[11:11] Shai : as long as he is audible
[11:11] r m : yeah 🙂
[11:11] Shai : but it’s a good initiative
[11:13] r m : yes, transparency and communication were the hallmark of Modi’s Gujarat experiment, hope he is able to force the central govt apparatus to adopt the same standards
[11:15] Shai : again buyers at vwap
[11:16] Shai : FDI in defence to 49
[11:17] Shai : insurance to 49
[11:17] Manikandan : relcap moving
[11:20] r m : loksabhatv.nic.in if you are facing problems in NIC link
[11:28] r m : sell off
[11:30] Shai : Markets didn’t like that 200 cr statement
[11:35] Shai : 30 mins of populism
[11:35] Shai : markets waiting still in hope
[11:35] r m : lol
[11:36] Shai : Some1 sent a joke that the 200 cr is not for our old sardar who was a statue
[11:37] r m : lol
[11:37] Shai : 7479 spot
[11:47] Amit J : what level to watch
[11:47] Amit J : on downside
[11:48] Shai : 7448 spot
[11:49] Shai : Market rallying becuase FM took a break??
[11:49] Amit J : mkt also took break from fall
[11:49] r m : 😀
[11:57] Shai : 7511 spot was last month’s vwap
[11:57] Shai : Market has to close above that to keep buyers interested
[12:04] Shai : I’ve lost track of the amount of 100 crores set aside
[12:04] Shai : where is the money coming from?
[12:05] Shai : Looks like a long budget
[12:05] Shai : still not started part B
[12:05] Manikandan : lol
[12:05] Mandar : RT BUD-JETLY!!! 🙂
[12:06] r m : 🙂
[12:13] Shai : 7547 last high
[12:13] Shai : cross of 7555 bring 7605
[12:23] Shai : 7591
[12:24] Shai : 7585 was where the pre budget buying was
[12:24] Shai : they have to come back
[12:24] Shai : back in IB
[12:36] Manikandan : 100 cr seems to be favorite term for FM
[12:40] Amit J : deficit better
[12:40] Amit J : mkt will rise]
[12:55] Shai : should
[12:55] Shai : good bounce from support line below 7600 spot
[12:55] Shai : Now only BN should come back
[13:02] Shai : neutral day
[13:03] Shai : Market has to chooose between an extreme close or vwap
[13:03] Shai : That’s the only thing remaining
[13:04] Shai : 200 point come back- (12:55) Shai :Now only BN should come back
[13:09] Shai : Cap gains increased to 20% and the period too
[13:10] Shai : Buyers pulled back 200 off lows
[13:10] Shai : 515 in BNF
[13:12] Shai : neutral center will be 7582 now
[13:16] Shai : 2.15 mins
[13:16] Shai : Long speech
[13:16] Amit J : longest
[13:16] Shai : Bulls are happy it’s over and they can carry on the job of taking the index higher
[13:16] Amit J : last record was 68 min
[13:16] Shai : 68?
[13:17] Amit J : speech
[13:17] Shai : ok
[13:17] Amit J : good budget
[13:17] Shai : Now RM’s MO is free to play out
[13:18] Shai : correction was 7810- 7479= 331 points
[13:19] Mandar : done with .618 correction.@ 7690
[13:28] Shai : There’s some confusion over the fiscal deficit target
[13:29] Shai : 4.1 v/s 4.5 – that will need a clarification from the FM
[13:30] Shai : close abv 7675 spot v. good
[13:36] Shai : more buyers in NF
[13:36] Shai : 7755
[13:37] Shai : will run off to 7815 if 7760 is crossed
[13:52] Shai : now getting 2 way at 7735
[13:52] Shai : was the scene of the crime 2 days back
[13:52] Shai : BNF has more in stor if it crosses 15455
[13:56] Shai : http://indiabudget.nic.in/ub2014-15/bh/bh1.pdf
[14:00] Shai : The markets started rising when FM stopped speaking in between and after he was done 🙂
[14:01] Mandar : one hour candle = 180+ points.
[14:01] r m : he better keep his mouth shut till next budget 🙂
[14:01] Shai : Time for him to take defence full time I feel
[14:02] Shai : Modi should bring his FM from Guj
[14:03] Shai : BNf stops near 15455
[14:03] r m : Modi should get MMS as next FM 🙂
[14:03] Shai : NF near 7755
[14:03] Shai : lollol
[14:04] Mandar : Shai, on spot.
[14:06] Shai : (10:24) Shai :broad range for the volatility – 7456 to 7684-7750
[14:07] Shai : On spot close above 7674 is good above 7726 the bears are cooked
[14:23] Shai : Markets heading for a neutral extreme close
[14:23] Shai : possible trade from here is buy abv 7760 with 10 point stop for 7788/ 7814 as close
[14:29] Shai : vix move down done at 15.45 now what?
[14:30] Shai : the writers who sold alst week with vix at 19- 20 have made a packet
[14:31] Shai : 7300 pe unwinding- rest all staying put
[14:31] Shai : 7300 pe were longs
[14:35] Shai : 7670 supp in NF fut
[14:36] Shai : Market should have a quiet day tom and would prefer a close at 7670- 7695
[14:36] Shai : Infy is the worry though for that view
[14:46] Shai : 7670
[14:53] Shai : can fall to 7620 if breaks
[14:55] Shai : broekn
[14:57] Shai : carzy market
[14:58] Shai : 7622
[15:00] Manikandan : @ shai your view on infy
[15:01] Shai : sure
[15:01] Shai : let me just oull up the chart
[15:02] Manikandan : tnx shai
[15:02] Shai : NF stopped at VAL
[15:06] Shai : Infy looks extended at current price
[15:06] Shai : In my book won’t run up more than 3420 cash
[15:06] Manikandan : supports would be at ?
[15:06] Shai : has just come to fill that gap
[15:06] Shai : 3185 supp
[15:07] Shai : below 3242 starught 3185 tom
[15:07] Shai : 3242 1st supp
[15:09] Manikandan : tnx shai
[15:10] Shai : es also crashing down 12
[15:11] Shai : from a neutral extreme close at highs it became a neutral centre
[15:11] Shai : iuf 7555 goes we close at lows
[15:14] Shai : 7550
[15:20] Shai : down 200 from the highs
[15:20] Shai : Turnover at another record= 32.5 only NF
[15:21] Shai : There are traders who have made money and traders who have lost today
[15:21] Shai : some lost what they made and some made what they lost
[15:22] r m : OI 11% up in NF but only 4% up in BNF
[15:27] Shai : ok
[15:28] Shai : dount whether there is much conviction in today’s OI figures
[15:28] Shai : *doubt
[15:28] Shai : Bulls were confident till about an hour back
[15:28] r m : yeah, market behaved like loksabha today, chaotic 🙂
[15:30] Shai : 7543/ 14780
[15:30] Shai : close near the lows away from center
[15:30] r m : 800 point range in sensex!
[15:30] Shai : Bye all
[15:30] r m : Thanks and bye, have a great evening :
[15:30] Shai : over to infy tom
[15:30] r m : 🙂
[15:31] Amit J : MO below -100 🙂
[15:31] r m : 🙂
[15:31] Amit J : bye
General Chat Transcript
Room Name: Vtrender
Date and Time: July 10, 2014 09:12:51
[08:56] r m : Good Morning folks!
[08:58] Shai : GM all
[08:58] Shai : http://vtrender.com/levels-and-plan-for-10th-july/
[09:13] Shai : MO hit -70 yesterday
[09:13] Shai : so downsides are not big from here
[09:13] Shai : event uncertainty only factor
[09:14] Shai : pre budget rally of alst week retarced fully
[09:14] Shai : *retraced
[09:14] Shai : No euphoria ahead of budget
[09:14] Shai : Cross of VAH is the long trade as per plan – conservative
[09:16] Shai : 15446??
[09:22] r m : Volume 1225 at 15446
[09:23] r m : strong marker 😀
[09:24] Shai : yes I saw that
[09:25] Shai : took it off the chart as it will spoil IB
[09:25] r m : yes
[09:35] Shai : Open trying to stay below VAL in NF
[09:35] Shai : No sign of aggressive buyers yet
[09:48] Shai : very much an open auction as 1 would expect
[09:48] Shai : money stays on the sidelines
[10:01] Amit J : whats current MO Level @shai
[10:02] r m : -0
[10:02] r m : -70
[10:02] r m : till yesterday
[10:03] Amit J : no i meant current. did we tested -80
[10:03] r m : possible, Adv/Dec right now is 367/861 for NSE today so far
[10:04] r m : but my charts calculate only EOD
[10:07] Amit J : ok thanks
[10:16] Shai : buy orders building at 7584
[10:20] Shai : spot 7600 min level to cross now for long trades
[10:20] Shai : imm target could be 7674- a 74 pointer
[10:21] Shai : BN spot 15000 to cross for 15137/ 15233 spot
[10:21] Shai : NF from Val to vah is a trade based on 80% now
[10:22] Shai : shorts see 7527/ 7515 spot from here
[10:23] Shai : also can run down to 7456 spot
[10:24] Shai : broad range for the volatility – 7456 to 7684-7750
[10:24] Shai : spot prices
[10:25] Shai : 14685 BN spot supp
[10:26] Shai : vix is down 17.95 pre budget
[10:27] r m : so writers are fearless now!
[10:29] Shai : today’s drop is explainable as event risk drains out
[10:29] Shai : but yesterday vix was dropping – that was weird
[10:37] r m : http://budgetlive.nic.in/
[10:39] r m : youtube link – https://www.youtube.com/watch?v=_S2NF0Fek6g
[10:39] Shai : Nice link RM thanks
[10:39] r m : welcome 🙂
[10:46] Shai : buyers moving in
[10:48] Shai : 7610 no sellers yet
[10:52] Shai : 7584 has buyers
[11:11] r m : NIC needs to be re-staffed, they are not able to provide the video 🙂
[11:11] Shai : 🙂
[11:11] Shai : as long as he is audible
[11:11] r m : yeah 🙂
[11:11] Shai : but it’s a good initiative
[11:13] r m : yes, transparency and communication were the hallmark of Modi’s Gujarat experiment, hope he is able to force the central govt apparatus to adopt the same standards
[11:15] Shai : again buyers at vwap
[11:16] Shai : FDI in defence to 49
[11:17] Shai : insurance to 49
[11:17] Manikandan : relcap moving
[11:20] r m : loksabhatv.nic.in if you are facing problems in NIC link
[11:28] r m : sell off
[11:30] Shai : Markets didn’t like that 200 cr statement
[11:35] Shai : 30 mins of populism
[11:35] Shai : markets waiting still in hope
[11:35] r m : lol
[11:36] Shai : Some1 sent a joke that the 200 cr is not for our old sardar who was a statue
[11:37] r m : lol
[11:37] Shai : 7479 spot
[11:47] Amit J : what level to watch
[11:47] Amit J : on downside
[11:48] Shai : 7448 spot
[11:49] Shai : Market rallying becuase FM took a break??
[11:49] Amit J : mkt also took break from fall
[11:49] r m : 😀
[11:57] Shai : 7511 spot was last month’s vwap
[11:57] Shai : Market has to close above that to keep buyers interested
[12:04] Shai : I’ve lost track of the amount of 100 crores set aside
[12:04] Shai : where is the money coming from?
[12:05] Shai : Looks like a long budget
[12:05] Shai : still not started part B
[12:05] Manikandan : lol
[12:05] Mandar : RT BUD-JETLY!!! 🙂
[12:06] r m : 🙂
[12:13] Shai : 7547 last high
[12:13] Shai : cross of 7555 bring 7605
[12:23] Shai : 7591
[12:24] Shai : 7585 was where the pre budget buying was
[12:24] Shai : they have to come back
[12:24] Shai : back in IB
[12:36] Manikandan : 100 cr seems to be favorite term for FM
[12:40] Amit J : deficit better
[12:40] Amit J : mkt will rise]
[12:55] Shai : should
[12:55] Shai : good bounce from support line below 7600 spot
[12:55] Shai : Now only BN should come back
[13:02] Shai : neutral day
[13:03] Shai : Market has to chooose between an extreme close or vwap
[13:03] Shai : That’s the only thing remaining
[13:04] Shai : 200 point come back- (12:55) Shai :Now only BN should come back
[13:09] Shai : Cap gains increased to 20% and the period too
[13:10] Shai : Buyers pulled back 200 off lows
[13:10] Shai : 515 in BNF
[13:12] Shai : neutral center will be 7582 now
[13:16] Shai : 2.15 mins
[13:16] Shai : Long speech
[13:16] Amit J : longest
[13:16] Shai : Bulls are happy it’s over and they can carry on the job of taking the index higher
[13:16] Amit J : last record was 68 min
[13:16] Shai : 68?
[13:17] Amit J : speech
[13:17] Shai : ok
[13:17] Amit J : good budget
[13:17] Shai : Now RM’s MO is free to play out
[13:18] Shai : correction was 7810- 7479= 331 points
[13:19] Mandar : done with .618 correction.@ 7690
[13:28] Shai : There’s some confusion over the fiscal deficit target
[13:29] Shai : 4.1 v/s 4.5 – that will need a clarification from the FM
[13:30] Shai : close abv 7675 spot v. good
[13:36] Shai : more buyers in NF
[13:36] Shai : 7755
[13:37] Shai : will run off to 7815 if 7760 is crossed
[13:52] Shai : now getting 2 way at 7735
[13:52] Shai : was the scene of the crime 2 days back
[13:52] Shai : BNF has more in stor if it crosses 15455
[13:56] Shai : http://indiabudget.nic.in/ub2014-15/bh/bh1.pdf
[14:00] Shai : The markets started rising when FM stopped speaking in between and after he was done 🙂
[14:01] Mandar : one hour candle = 180+ points.
[14:01] r m : he better keep his mouth shut till next budget 🙂
[14:01] Shai : Time for him to take defence full time I feel
[14:02] Shai : Modi should bring his FM from Guj
[14:03] Shai : BNf stops near 15455
[14:03] r m : Modi should get MMS as next FM 🙂
[14:03] Shai : NF near 7755
[14:03] Shai : lollol
[14:04] Mandar : Shai, on spot.
[14:06] Shai : (10:24) Shai :broad range for the volatility – 7456 to 7684-7750
[14:07] Shai : On spot close above 7674 is good above 7726 the bears are cooked
[14:23] Shai : Markets heading for a neutral extreme close
[14:23] Shai : possible trade from here is buy abv 7760 with 10 point stop for 7788/ 7814 as close
[14:29] Shai : vix move down done at 15.45 now what?
[14:30] Shai : the writers who sold alst week with vix at 19- 20 have made a packet
[14:31] Shai : 7300 pe unwinding- rest all staying put
[14:31] Shai : 7300 pe were longs
[14:35] Shai : 7670 supp in NF fut
[14:36] Shai : Market should have a quiet day tom and would prefer a close at 7670- 7695
[14:36] Shai : Infy is the worry though for that view
[14:46] Shai : 7670
[14:53] Shai : can fall to 7620 if breaks
[14:55] Shai : broekn
[14:57] Shai : carzy market
[14:58] Shai : 7622
[15:00] Manikandan : @ shai your view on infy
[15:01] Shai : sure
[15:01] Shai : let me just oull up the chart
[15:02] Manikandan : tnx shai
[15:02] Shai : NF stopped at VAL
[15:06] Shai : Infy looks extended at current price
[15:06] Shai : In my book won’t run up more than 3420 cash
[15:06] Manikandan : supports would be at ?
[15:06] Shai : has just come to fill that gap
[15:06] Shai : 3185 supp
[15:07] Shai : below 3242 starught 3185 tom
[15:07] Shai : 3242 1st supp
[15:09] Manikandan : tnx shai
[15:10] Shai : es also crashing down 12
[15:11] Shai : from a neutral extreme close at highs it became a neutral centre
[15:11] Shai : iuf 7555 goes we close at lows
[15:14] Shai : 7550
[15:20] Shai : down 200 from the highs
[15:20] Shai : Turnover at another record= 32.5 only NF
[15:21] Shai : There are traders who have made money and traders who have lost today
[15:21] Shai : some lost what they made and some made what they lost
[15:22] r m : OI 11% up in NF but only 4% up in BNF
[15:27] Shai : ok
[15:28] Shai : dount whether there is much conviction in today’s OI figures
[15:28] Shai : *doubt
[15:28] Shai : Bulls were confident till about an hour back
[15:28] r m : yeah, market behaved like loksabha today, chaotic 🙂
[15:30] Shai : 7543/ 14780
[15:30] Shai : close near the lows away from center
[15:30] r m : 800 point range in sensex!
[15:30] Shai : Bye all
[15:30] r m : Thanks and bye, have a great evening :
[15:30] Shai : over to infy tom
[15:30] r m : 🙂
[15:31] Amit J : MO below -100 🙂
[15:31] r m : 🙂
[15:31] Amit J : bye