[08:48] Shai C: GM all
[08:54] r m: Good Morning folks!
[09:07] Kris 1: GM All 🙂
[09:07] r m: Hi Kris 🙂
[09:09] Kris 1: hi rm 🙂
[09:10] Shai C: GM RM
[09:10] r m: Good Morning Shai
[09:11] Rahul G: Hello all GM
[09:11] Rahul G: Good morning kris, rm, shai
[09:11] Kris 1: Gm Shai, Rahul 🙂
[09:11] r m: Hi Rahul 🙂
*** Shai C, Welcome to the Vtrender conference room!
[09:23] Shai C: OAIR
[09:28] Kris 1: @Shai – the Range in OAIR – is it yesterday trading range or – value area – ib range?
[09:28] Shai C: trading range of the prev day
[09:29] Shai C: ES fell down 4 points as greece bailout delayed
[09:30] Shai C: even euro came off
[09:34] G D: GM all!
[09:34] Shai C: No buying at the open
[09:35] r m: GM Girish 🙂
[09:35] Kris 1: GM Girish!
[09:35] Shai C: Both BN and NF are in the lower distribution of yesterday
[09:35] G D: GM RM/Kris/Shai
[09:35] Kris 1: I would like to buy BN and NF – if they touch vwap band in the next 40 minutes!
[09:39] G D: INR up this morning
[09:45] G D: CRUDE rallied to almost 90 day before and tanked back to 86.xx yesterday
[09:46] Shai C: es moving down
[09:46] Shai C: so is the euro
[09:46] Shai C: was a trend up from 1355 to 1371 in es
[09:46] Shai C: so may move quickly down as well
[09:47] Kris 1: @Shai – but we crossed 945
[09:47] Kris 1: any breakdown in the next 1 hour has minimal chances of successful 🙂
[09:49] Shai C: 🙂
[09:49] Shai C: was an independent obs on the es
[09:49] Shai C: nowadays the corelation is at the weakest point
[09:49] Shai C: USDINR at multi day highs
[09:50] Kris 1: for the record – my expectation is – a breach of VAL – may be upto pdl – between 9.45-10.45 – and rally back to value area!
[09:51] Kris 1: if we dont break VAL till 10.45 – I will be short!
[09:51] Shai C: bn at vah/ nf at val
[09:53] Kris 1: 5600PE writers look powerful – they are able to hold for the past few days.
[09:55] Kris 1: how beautifully BN is holding NF 🙂
[09:55] Kris 1: another 20 minutes – and – part one done.
[09:56] Kris 1: then Shai would start his part – for 30 minutes 🙂
[09:56] Shai C: Bn is looking good
[09:59] Shai C: usdinr starts down
[09:59] Kris 1: @Shai – it is a vwap swipe – patented by our regularly irregular Girish 🙂
[10:03] Kris 1: @Shai – what is this – red delta and BN is moving up!
[10:04] Shai C: now it will come down
[10:04] Shai C: sometimes delta leads price
[10:05] Kris 1: yes Shai
[10:05] Shai C: 11374 should come
[10:05] Kris 1: short in BN at 11400
[10:05] Kris 1: 5600PE at 51
[10:05] Kris 1: let us see
[10:08] Kris 1: a small extension in NF will help – in the next few moments!
[10:09] Shai C: Big res in BN here
[10:14] Shai C: 5600 OI addition today equal
[10:16] Shai C: Keep the NF buy abv 5595 with sl at 5573
[10:19] Shai C: pushing
[10:20] Shai C: sbi is dangerous abv 2075
[10:20] Shai C: for shorts
[10:30] Kris 1: how beautifully the black flag appeared – with a big red delta – and at the top! – very interesting – and that too at 10.18, Shai's time 🙂
[10:32] Kris 1: Ok friends – bye – try to come back on the afternoon!
[10:32] Kris 1: *i will
[10:32] Kris 1: for the record – I am carrying the shorts 🙂
[10:41] Shai C: 5600 pair is now 87 from 98 yesterday
[10:47] Shai C: Day's high may be in in BNF
[10:47] Shai C: likely to rotate 11360- 11460
[11:05] r m: Goodbye mini – http://www.thehindubusinessline.com/todays-paper/tp-markets/regulator-asks-exchanges-to-withdraw-fo-mini-contracts/article4116687.ece
[11:10] Shai C: Yes read that
[11:10] Shai C: I thought the smaller lot size was meant to bring retail in
[11:10] r m: now they want to keep retail out 🙂
[11:10] Shai C: why would they make a mini then
[11:11] r m: market participants want retail in, regulator wants retails out 🙂
[11:12] Shai C: next what – ban trdaing in nifty and keep it for FII's only
[11:12] r m: lol
[11:13] r m: probably new strikes will be introduced in options, i guess at 50 point or lesser gaps
[11:14] r m: probably they want to keep out the illinformed traders who enter fno with too small capital and too large hopes 😀
[11:18] Shai C: that will be good for options
[11:18] Shai C: It's options which drive NSE
[11:18] Shai C: per strike volumes in most cases is bigger than the total traded fut volum
[11:18] r m: yes
[11:19] r m: the news item just says additional strikes, it is my guess that only additional striked could be in between
[11:20] Shai C: yes
[11:21] Shai C: mini was not popular
[11:21] Shai C: as 50 is a good size for NF
[11:21] r m: no spread was larger
[11:21] r m: unlike coppermini where the spread is almost same
[11:22] r m: 2 lakh contract value is a fair size, smaller size is better traded in cash or options
[11:28] Shai C: yes most people will lookn at it as a 1000 bucks for a 20 point view
[11:28] Shai C: big seller at pdh in NF
[11:28] Shai C: BN is eyeing 11465 spot, 11425 now
[11:29] Shai C: 1 min pause to adjust levels
[11:30] r m: 5622 is PS1 in NF
[11:32] Shai C: was not updated here on this screen
[11:32] r m: just saw in your notes
[11:32] Shai C: 5641 pr1
[11:32] r m: ok
[11:32] r m: so above 5622, good chances for longs
[11:33] r m: and above 5641, balle-balle for bulls 😀
[11:33] r m: oops, i took old values 🙁
[11:35] Shai C: Now changed everywhere
[11:35] r m: Thanks
[11:35] Shai C: Yes we go by the auction now and not the day session
[11:35] Shai C: so pr1 and ps1 become very important
[11:35] r m: true
[11:36] r m: day session values work well for trending markets
[11:36] r m: but we are on a treadmill (Girish's words) 🙂
[11:36] Shai C: 🙂
[11:37] Shai C: Infact if the mkt is trending up then ps1 is more imp for the trend to hold
[11:37] Shai C: and if down then pr1 breaks the trend
[11:37] r m: ok
[11:37] Shai C: even in flat mkts pr1 and ps1 show a change of balance
[11:38] Shai C: It is one standard deviation calculated on volume/ price
[11:38] Shai C: hence a break is akin to move away from value area
[11:39] r m: just like sustaining above 2SD band?
[11:39] Shai C: yes
[11:39] r m: thanks
[11:39] Shai C: this 2sd band is only for the auction of the day
[11:39] r m: ok
[11:40] Shai C: but that will be for the same auction irrespective of the mos of days in it
[11:40] Shai C: so 5641 pr1 is a break of the downmove from 5780 levels
[11:40] r m: ok
[11:41] Shai C: conserbatively speaking and can be used as a supporting tool
[11:41] r m: yes
[11:52] Rahul G: rm need some advice from yr side
[11:52] Rahul G: are u having any data feed for yrself
[11:54] Rahul G: looking for anything for options
[11:57] r m: @Rahul, sorry, i was thrown out of room by IE 🙂
[11:57] r m: i am using a small utility developed by Yusi for getting data from NOW to Ninjatrader or Amibroker
[11:58] r m: Options data is available only with globaldatafeed as far as i know
[12:06] Rahul G: okay
[12:06] Rahul G: with tht utility can we use for odin also
[12:07] r m: that one is for NOW but there are some more available for ODIN on traderji
[12:07] Rahul G: ok
[12:09] r m: there is one under development too which it's authors have named "mother of all downloaders" which may be used for downloading data from most of the commonely used trading softwares 🙂
[12:10] r m: the developers are waiting for MCX to launch their stock exchange so that intraday data from that too can be tested
[13:20] Shai C: that test of vwap held
[13:32] Shai C: this market is now buiding up in the single prints of friday's profile
[13:33] Shai C: today's entire sitribution taking place in there
[13:33] Shai C: possibility of a move in the upper distribution exists which will take the market to 5650/60 NF
[13:34] Shai C: a ,move abv 5620 NF will ensure that
[13:34] Shai C: about 5604 on spot
[13:35] Shai C: vah at 11370 is sl for all day longs
[13:36] Shai C: about 11480 is still a tgt
[13:36] Shai C: profiles are p shaped which means shorts covered
[14:16] Shai C: not much green delta at highs
[14:19] S T: Hello All..
[14:19] Shai C: [13:36] Shai C: about 11480 is still a tgt
[14:19] Shai C: Hit 11485
[14:19] r m: Hi
[14:19] Shai C: Hi ST
[14:20] S T: h r u guys ? hws Diwali
[14:21] r m: diwali was good, much less fireworks and smoke, it is going down every diwali
[14:21] S T: thts gd na
[14:21] r m: the lighting part is going up though adding to the GDP of China 🙂
[14:22] S T: lol true
[14:24] S T: i hvnt used single firecracker in a life 🙂
[14:24] r m: 🙂
[14:24] r m: i like to light
[14:24] r m: anaars
[14:24] r m: but abstained this diwali
[14:25] S T: ok..gd change
[14:25] S T: Shai..hw did it go fr u
[14:26] S T: Shai..do u thnk ths upmove shortign opportunity
[14:26] r m: saved money, watched other's expensive fireworks shows from the roof 🙂
[14:27] S T: 🙂 kya kare mkt ka haal hi aisa hai
[14:27] r m: lol
[14:27] r m: Girish says market is running on a treadmill 😀
[14:28] S T: 😀 whr is Girish..kris,vivek ? dnt see anyone
[14:28] r m: Girish is making daily visits, Kris too has begun dropping in to say hello
[14:29] r m: Vikky is missing from the scene
[14:29] Shai C: @ST Diwali was good
[14:29] S T: Gd..kris recoverd well
[14:29] S T: Nice Shai..nw seocnd part 😀
[14:29] Shai C: always gives me a chance to be a kid again and burst crackers 🙂
[14:30] r m: lol
[14:30] Shai C: We may move into the upper distribution tom and tgt 5760
[14:30] Shai C: 5660**
[14:31] S T: ok..yestrd break of 5570 ws failure
[14:31] S T: bt i stil thnk it may nt b able to cross upper distribution
[14:32] S T: Rm..u seeing 5600 Ce
[14:32] r m: yes
[14:34] S T: its nt moving in lien with fur
[14:34] S T: fut *
[14:34] r m: no, at every top the premium drops a bit 🙂
[14:34] Shai C: ST, option writers have turned bullish
[14:35] Shai C: Girish pointed yesterday how 5500 ce covered all in the afternoon
[14:35] S T: may b yestrd afternoon
[14:35] S T: i saw hw 5573 prints held..n testd
[14:36] S T: bt today seems thr is selling in 5600 Ces
[14:36] Shai C: bigger selling in 5600 pe's
[14:38] S T: ok..Oi also higher in Pe thn CE
[14:38] S T: RM, does OO work fr u
[14:38] r m: options oracle?
[14:38] S T: Option oracle..its nt working fr me
[14:38] S T: s
[14:38] r m: it stopped working some time back
[14:40] S T: yes
[14:40] S T: try thr Option staregy builder
[14:40] S T: its workign i guess..nt as gd as OO though
[14:40] r m: ok
[14:42] Shai C: Not good delta at the top of the range again
[14:42] Shai C: both BNF and NF are at the lower boundaries of the upper distribution
[14:46] Shai C: SBI has not made a move today
[14:47] Shai C: I would have thought it hsould be over 2100 today
[14:50] Rahul G: shai can we have crude charts of possible
[14:51] Shai C: sure
[14:52] Shai C: bottom right
[14:53] Rahul G: thanks
[14:54] S T: ok..bye all
[14:54] r m: bye ST 🙂
[15:06] Rahul G: it looks like the blue OF from SBI is flowing to the USD INR chart 😀
[15:06] r m: 🙂
[15:13] Shai C: USDINR down move may be done
[15:13] Shai C: went well below white vwap
[15:16] Arun M: @Shai : shall i take fresh long in BN at this level, I booked yday long @11480
[15:17] Arun M: Got ur msg
[15:17] Shai C: No arun not here
[15:17] Arun M: Thanks
[15:17] Shai C: I'll send a message at the open tom
[15:18] Shai C: close is good and at highs
[15:21] Shai C: chances of a gap up/ dpown are equal tom
[15:21] Shai C: ould be upto 20 points in NF
[15:23] Shai C: close is just at the boundary of the two distributions
[15:30] r m: Thanks & bye all, have a great evening 🙂
[15:30] Shai C: bye guys
