General Chat Transcript
Room Name: Vtrender
Date and Time: July 14, 2014 09:18:09
[08:52] r m : Good Morning folks!
[08:57] Shai : http://vtrender.com/levels-and-plan-for-14th-july/
[09:08] Amit J : GM
[09:08] Amit J : RM your MO is finally below 80. what can we interprete out of this
[09:12] Shai : GM all
[09:12] r m : @Amit, MO suggesting a bounce
[09:12] Shai : That MO chart is self explanatory- if you look back everytime it has entered -80 it has bounced steeply
[09:13] Shai : and we are tracking it for ages now!!
[09:13] r m : lol
[09:14] Amit J : thanks
[09:14] Shai : It suits the investor and tells him to buy the dip and wait for price confirmation to add
[09:21] Shai : NF and BNF both searching for sellers near pdl
[09:22] Shai : mon morning – so let’s give the mkt some time to decide
[09:28] Shai : vwap has a seller in NF/ BNF
[09:41] Shai : auction is stayicking to pdl + 15 either side
[09:41] Shai : Not great conviction to move either side this morning
[09:44] Shai : 7500 pe was written between 65- 80 from the start of the series
[09:45] Shai : they are unnder pressure if spot goes below 7420
[09:46] Shai : Not seeing long ideas till we cross 7485 F
[09:51] Shai : MO factor – broader market showing UP stocks : http://prntscr.com/42gnq4
[10:08] Amit J : Adv declne is 556 – 814
[10:09] Shai : yes on the whole market
[10:09] Shai : these are the leading names
[10:09] Shai : buyers now seen at 7470 vwap
[10:11] Shai : 7463 is sl if taking aggressive longs here
[10:11] Shai : tgt can be 7515/ 20
[10:20] Shai : need to see buyers keep it up abv 7485
[10:23] Shai : 14610 BNF
[10:23] Shai : 14625 res in plan
[10:25] Shai : lots of sellers in that dpoc at 14597
[10:29] Shai : If spot closes above 7495 today then we will have price confirmation of a pause
[10:29] Shai : then we may run up to 7625 spot with today’s low as a SL- cmp 7465 spot
[10:30] Shai : price confirmation is abv 7495 spot
[10:31] Shai : that dip was to 7476
[10:52] Shai : 7470 now
[10:53] Shai : seller is holding up above 7485
[10:53] Shai : buyer here at 7470
[10:53] Shai : we could see a normal distribution as the market returns to balance
[11:28] Shai : there’s 15 points between 7470 and 7490 everytime now for the next 2 hours to be traded with stops below 7463/ 7497
[11:29] Shai : at 7426 the market has done the avg 400 point correction of the uptrend from 5100
[11:30] Shai : bounce will come but what’s different this time for upside is that there are no immediate positive triggers
[11:30] Shai : the Market will rally whenever the GAAR news comes but that is it
[12:43] Kathir : Hi Shai RM Amit all 🙂
[12:45] r m : Hi Kathir 🙂
[12:45] Kathir : yes sir
[12:45] r m : Had you gone to Brazil? :
[12:46] r m : 🙂
[12:46] Kathir : i am sad because i wanted arg win 🙁
[12:47] Kathir : ARG wasted two golden oppurtunity
[12:47] r m : tough luck, but Indian basketball team defeated China, that should bring some consolation!
[12:47] Kathir : lol
[12:48] Kathir : very good for indian baketball team
[12:51] r m : http://tinyurl.com/pjlqqwl
[13:15] Kathir : why there is a blank screen
[13:15] Shai : ?
[13:16] Shai : blank?
[13:16] r m : no, it is not blank, some issue at Kathir’s end
[13:16] Kathir : @Shai i see three charts NF BNf and a black blank below bnf
[13:17] r m : ok, yes, that is for screening of Germany-Argentina match 🙂
[13:17] Kathir : lol
[13:18] Kathir : is this screen available in all others system?
[13:18] Shai : Kathir can you send me a screen shot of what u see?
[13:18] Kathir : sure
[13:21] Kathir : @RM i click print screen button on keyboard and what to do after that
[13:23] Kathir : @Shai now it is ok as usual screen – thanks
[13:23] r m : paste it in some graphic software and then save
[13:23] Kathir : oh ok..let me check
[13:23] r m : but Shai has saved you that effort 🙂
[13:24] Shai : same as friday now?
[13:24] Kathir : 🙂
[13:25] Shai : the res of the monitor I changed on sat and forgot to bring it back
[13:25] r m : ok
[13:25] Kathir : @RM thanks for your technical suport
[13:25] Kathir : support
[13:25] r m : so that extra space was showing as a blank space!
[13:25] Kathir : @Shai do i want to send the screen now?
[13:25] r m : @Kathir, save it for next monday 😀
[13:26] Shai : No Kathir thanks
[13:26] Shai : lol
[13:26] Kathir : lol
[13:26] Kathir : @shai ok
[13:28] Kathir : bnf 100 up f
[13:30] Kathir : me moving out..catch you all later..bye
[13:31] r m : bye
[13:46] Shai : 7500 pe beginning to write back
[13:55] Shai : already a neutral day in NF
[13:55] Shai : Profile has balanced
[13:55] Shai : 2 failed extensions abv IB/ below IB
[14:03] r m : Chances of breakout now in NF or likely to remain in the balance today?
[14:04] Shai : can break higher as BNF wants higher prices
[14:04] Shai : look for 14785 abv 14625
[14:04] r m : ok, Thanks
[14:04] Shai : NF has shown buyers at vwap and below
[14:04] r m : ok
[14:04] Shai : see 1.15- 1.30
[14:05] r m : yes
[14:07] Shai : BNf coming back from the 14610- 14625 zone
[14:07] Shai : Hypo 1 from plan
[14:07] Shai : It will be good to buy above as shorts from last week would cover in part fuelling a rise
[14:08] r m : ok, stop will be IBH for that long above 625?
[14:08] Shai : yes
[14:08] r m : Thanks
[14:09] r m : NF looks like hunting for long’s stops!
[14:14] r m : Globe is green
[14:15] Shai : 70% odds that day low will hold for next few sessions
[14:15] Shai : 7445
[14:15] r m : ok
[14:15] Shai : def signs of buyers at lowerlevels today – were not there on fri
[14:16] Shai : only thing is can they come above 7520F again to push some seller stops out
[14:16] Shai : but that may be agenda for tom
[14:16] Shai : today’s profile is nicely balanced
[14:17] r m : today only “Aarti” around vwap/dpoc 🙂
[14:17] Shai : lol
[14:17] Shai : Nice D today
[14:17] Shai : (10:53) Shai :we could see a normal distribution as the market returns to balance
[14:18] r m : (10:29) Shai :If spot closes above 7495 today then we will have price confirmation of a pause(10:29) Shai :then we may run up to 7625 spot with today’s low as a SL- cmp 7465 spot
[14:19] r m : if spot closes above 7495, one could buy 7600CE?
[14:19] r m : though looks unlikely today
[14:36] Shai : yes can run to 7620/ 7670
[14:36] Shai : spot
[14:36] r m : Thanks
[14:36] Shai : Buyers again in NF
[14:37] r m : hardly any rise in vwap band
[14:37] Shai : yes
[14:37] Shai : can come down
[14:58] Shai : holding near dpoc
[14:59] Shai : exit of value and range the sensible trade tom
[15:04] r m : a little excess at both ends in NF
[15:05] Shai : neutral center
[15:05] Shai : nice background for another trend day
[15:06] Shai : Braoder week is also nicely setup for either 7260 or 7700 by Friday
[15:08] r m : adv/decl is 581/929 but declining volumes only 29% on NSE
[15:08] r m : so good volume scrips are on the rise
[15:11] r m : we had wpi at 12:00 today 5.43 against 6.01% previous and 5.80% forecast, did no enthuse BNF much though
[15:11] r m : CPI is at 17:30
[15:11] r m : Draghi speaks tonight
[15:12] Shai : I think that wpi was the reason for the BNF rise from lows
[15:12] r m : ok
[15:12] Shai : so we will have MO at 85 plus again today?
[15:13] r m : may cool down a bit as adv decline ratio is not as bad as it was in last few days
[15:14] r m : all governors speaking tonight and tomorrow, Draghi, BOE and FED
[15:14] Shai : but 581/ 929 should still mean a figure greater that or at -85?
[15:15] Shai : yes INR is not happy
[15:24] Shai : 7575 is day center/ vwap and dpoc
[15:24] Shai : perfect balance
[15:24] Shai : *7475
[15:25] Shai : value areas come into play at open tom
[15:25] Shai : 7490- 7475- 7460
[15:29] r m : buyers at close
[15:30] Shai : yes
[15:30] Shai : could be short closure
[15:30] Shai : let’s see if OI drops
[15:30] r m : ok
[15:30] Shai : Bye all
[15:30] r m : Thanks and bye, have a great evening 🙂
[15:30] Shai : Have a nice eve
[15:30] Amit J : BYE
[15:31] Amit J : CLOSE ABOVE VWAP AND MIDPOINT