General Chat Transcript
Room Name: Vtrender
Date and Time: June 10, 2014 09:05:56
[08:50] r m : Good Morning folks!
[09:10] Dr Bansal : shai,no trade plan for today?
[09:13] Shai : GM all
[09:14] Shai : http://vtrender.com/trading-room-levels-and-plan-for-10th-june/
[09:14] Shai : Dr , it is always on the website by midpnight
[09:17] Shai : BNf opening weak below pdl
[09:20] r m : 15514>15413 done as per pre-market plan 🙂
[09:21] r m : Thanks Shai!
[09:21] Shai : RM , you also devloped fast fingers? 🙂
[09:22] r m : I placed a sell below 514 and buy at 415 😀
[09:22] Shai : oh cool
[09:22] Shai : I envy all who can trade the 1st min of the market
[09:23] r m : could not replicate it for NF, not fast enough to monitor both in the first minutes 🙂
[09:23] Shai : 🙂
[09:24] Shai : It’s imp for NF to close above 7640 today
[09:25] Shai : lots of buyers again at 15410
[09:25] Shai : 15515 res
[09:31] Dr Bansal : shai,buy bnf 15410?
[09:32] Shai : No buy would be on green or vwap with sl below 15410
[09:32] Shai : 15410 early morning buyers being tested
[09:32] Dr Bansal : ok.
[09:33] Shai : let’s wait for confirmation
[09:33] Shai : tgt 15515 and if we cross abv then 15615
[09:36] Shai : 7624- 7608 is a gap
[09:38] Shai : 7568 is the tgt below 7600 with sl of 15 points
[09:42] Dr Bansal : shai,bnf support at?
[09:43] Shai : 15280 now
[09:45] Dr Bansal : shai,TS chart plz.
[09:46] Shai : auction below pdl
[09:46] Shai : who will cober more today- 7500 ce or 7600 pe?
[09:46] Shai : *cover
[09:47] Dr Bansal : TS fall 15 points in 1/2 hr.
[09:47] Shai : TS on screen
[09:47] Shai : Open drive down – vwap crucial for the seller
[09:47] Dr Bansal : thanx shai.your views?
[09:48] r m : everything is falling except infy and USDINR
[09:48] Shai : 560 is supp
[09:48] Shai : can bring 543 is broken
[09:50] Shai : cnxit at day highs
[09:50] Shai : BNF is battling at 15400 has not droppeed much after first 10 mins
[09:53] Shai : @RM yesterday for the 1st time we saw OI addition in the series
[09:53] r m : yes
[09:53] r m : good addition too
[09:58] Shai : 7588/ 7579 in spot
[09:59] Shai : would have preferred 7562 visit in spot and 7568 in F
[10:26] Shai : open drive down in both NF and BNf today
[10:27] Shai : would mean an end to the up auc tion at 7690 short term
[10:27] Shai : vwap critcial for any open drives
[10:27] Shai : Buyers come back abv vwap strongly
[10:28] Shai : abv vwap we can initiate agrresive longs in NF for 7657 with sl of 15 points
[10:28] Shai : abv 7624**
[11:19] Shai : abv vwap now
[11:42] Shai : Imp passage of trade here
[11:42] Shai : If the bull manages to hold abv pdl, shorts will be foreced to run
[11:42] r m : 7630-35 was the support yesterday
[11:42] Shai : yes
[11:43] Dr Bansal : buyers fail to respond in bnf above vwap.
[11:45] Kathir : HI Shai RM and all
[11:45] r m : Hi Kathir 🙂
[11:46] Shai : NF is showing quite a battle
[11:46] r m : I thought you joined Modi cabinet @Kathir )
[11:46] r m : 🙂
[11:48] Kathir : lol…i am ready but they are not ready to
[11:48] r m : 🙂
[11:49] r m : better stay out, you won’t get any time to trade 😀
[11:49] Kathir : ya :)..i dont hink modi cabinet is that much weaker with people like me
[11:50] Kathir : i am hre after a week and bnf starigh away informs me to sell now 🙂
[11:50] Kathir : straight
[11:50] r m : 🙂
[11:52] Kathir : @Shai sell bnf now and SL trgt if so?
[12:09] Kathir : ok friends see u tomrw bye all
[12:09] Kathir : @RM i have a meeting with modi 🙂
[12:11] r m : all the best Kathir 🙂
[12:40] Amit J : shai for positional trades and portfilio exit, what would be sl in nifty.
[12:41] Shai : short term sl ?
[12:42] Shai : Amit for portfolio the biggest correction for the rise from 5110 is about 450 points
[12:43] Shai : everytime the Nifty has dipped 400- 450 points the buyers have come back aggressively
[12:43] Shai : 7100 is also a technical sl now
[12:45] Shai : NF intra day longs are trying to hold vwap
[12:45] Shai : auction is back in prev range but negotiating VAL now
[12:45] Shai : 80% trade calls for aggressive addition above VAl to POC and VAH in NF
[12:46] Shai : 7644 to 7673
[12:47] Amit J : thanks
[12:49] Shai : welcome
[12:49] Shai : val in NF
[12:50] Amit J : shit what a govt we got. superb decision.
[12:50] Amit J : Listen to power minister.
[12:51] Shai : Oh he is good
[12:51] Amit J : class
[12:52] Amit J : today decided and by eod 500 MW power available
[12:54] Shai : we got 7652
[12:55] Shai : 7657 is vwap of the day y’day and the auction may hesistate there
[12:55] Shai : 7634 is supp now
[13:08] Shai : 13:08 Shai : BNf finally rising\
[13:12] Shai : that NF stopped at 7635- channel is rising by 10 points upwards
[14:45] Shai : NF has become very quite in a 25 point range
[14:46] Shai : 7624- 7650
[14:46] Shai : traded both sides of vwap today
[15:02] Shai : intio the single prints
[15:05] Shai : 7649 sl tgt 7680 cmp 7659
[15:05] Shai : aggressive long for 20 points to see if the remianing single prints close
[15:09] Shai : normal day in IB acc to profile but the day had a seller in the morning and response in the afternoon
[15:19] Shai : made 7675 – exit 7679
[15:19] Shai : again little bit of selling coming at 7675+
[15:19] Shai : we noticed the same yesterday and even this morning the sell off began from there
[15:22] r m : buyer does not want the seller at 7675 to sleep in peace 🙂
[15:23] Shai : 🙂
[15:23] Shai : IT at day highs
[15:24] Shai : BN feeling lost 🙂
[15:24] r m : bn will decide after inflation number
[15:25] Shai : yes
[15:25] Shai : staying abv 15410 today but 15520 cross needed tom for longs to confirm or add
[15:26] r m : IIP and CPI both on 12th at 17:30
[15:27] Shai : I think CPI is also now prefixed for 12th of the month?
[15:27] Shai : better that way
[15:28] r m : yeah, better to bear it all once in a month 🙂
[15:28] Shai : RBi does not want to give imp to wpi
[15:28] Shai : so iip and cpi on same day is good
[15:28] r m : yes
[15:29] Shai : before Rajan I remember they used to come 2-4 days apart
[15:29] Shai : 7678
[15:29] Shai : single prints covered
[15:30] Shai : maybe a dip to 7640/50 and a run into 7748 next
[15:30] r m : Thanks and bye, have great evening 🙂
[15:30] Shai : Bye all
[15:30] Shai : Have a nice eve