General Chat Transcript
Room Name: Vtrender
Date and Time: July 16, 2014 09:19:56
[08:59] Shai : GM all
[09:01] Shai : http://vtrender.com/levels-and-plan-for-16th-july/#more-22167
[09:13] r m : Good Morning folks!
[09:14] r m : Looks like all set to open at 7565/15070!
[09:23] Shai : BNf on fire
[09:23] Shai : stright into old balance
[09:31] Shai : premiums have gone away
[09:33] Shai : 15075/ 7565 objectives of the move from monday out of new value have been met
[09:34] Shai : reactions if any have to be seen from here
[09:34] Shai : can still be 7625/ 15297
[09:35] Shai : if sellers don’t pounce hard
[09:38] Shai : cnxit moving up
[09:38] Shai : which would mean a pause in BNF today
[09:43] Shai : 15030 showing buying volumes again
[09:44] Shai : NF is much of an open auction
[10:08] Shai : looks like a 7522- 7575 kind of market
[10:08] Shai : break above 7575 is a buy with sl below 7559 for 7625
[10:27] Shai : more buying volumes in BNF
[10:28] Shai : 15470 is the top of the old balance from yesterday’s close
[10:28] Shai : as long as we close above day low today even 14990 that is achievable
[10:29] Shai : OF is so far showing sellers at 15097 but bigger buyers below at 15030
[10:32] Shai : vwap is flat today
[10:32] Shai : in bnf
[10:32] Shai : so most probably it will hold the edges of the range today and move tom
[10:33] Shai : 15135- 15012
[10:33] Shai : can also mean that the extremes can be bought or sold with a small sl with vwap as tgt
[10:50] Shai : @ RM , it looks like FII’s have quit on index F
[10:50] Shai : Not shoing much interest there
[10:50] r m : yeah, but always heavy on short side
[10:50] r m : low OI though
[10:51] Shai : in options yes
[10:51] Shai : but F is almost no adds
[10:53] r m : guess they are on wait and watch, perhaps they don’t have an inside line to thig govt. 😀
[10:53] r m : *this govt
[10:55] Shai : 🙂
[11:18] Shai : NF getting buyers
[12:25] Shai : once 7553 is crossed we should go and test 7575 again and maybe over that
[12:25] Shai : No new sellers at 7535
[12:26] Shai : BNF continues to be firm even as IT is at day lows
[12:44] r m : i am off, no power since last night, inverter going now 🙂
[12:44] Shai : oh
[12:45] Shai : sit back and relax then
[12:45] Shai : and let’s all send a mail to Modi to take care of the power crisis for good !!
[12:45] Shai : BNF pushinh higher again in the vwap band
[12:57] Shai : playing out : (10:08) Shai :looks like a 7522- 7575 kind of market
[12:58] Shai : but 15030 sending BNF higher each time; (09:43) Shai :15030 showing buying volumes again
[13:06] Shai : yesterday’s close above 7490 spot confirmed a puase
[13:06] Shai : *pause
[13:07] Shai : Today’s close and followup tomorrow abv 7575 spot will put bulls back in control
[13:08] Shai : in the Futures there were 2 levels on budget day at 7620 and 7670/80 which had buyers but were liquidated and did not hold at close
[13:08] Shai : those 2 would be the next point of interest for the trend
[13:11] Shai : In BN we have a close above 14850 and this morning’s move is abv trend day high confirming the reversal
[13:11] Shai : using 14900 or even 1450 as sl the BNF should do 15470 now
[13:12] Shai : *14850 as sl
[14:21] Amit J : BNF only blues since 1 pm
[14:28] Shai : yes shorts are cobering
[14:28] Shai : covering*
[14:30] Shai : 15248 can still come by close if we hold vwap now
[14:38] Shai : watch spot at 7580
[14:38] Shai : is a 120 point buy signal if we close above
[14:39] Shai : 15219 F
[14:42] Shai : 15259- (14:30) Shai :15248 can still come by close if we hold vwap now
[14:47] Shai : very clean break- (10:08) Shai :break above 7575 is a buy with sl below 7559 for 7625
[14:49] Shai : still going up
[14:49] Shai : 4 sigma move
[15:19] Shai : heading for a nice close
[15:19] Shai : we shoould look at 7680 /70 in IB tom
[15:29] Shai : already did 60- (14:38) Shai :is a 120 point buy signal if we close above
[15:30] Shai : Bye all
[15:30] Shai : have a nice eve