[08:56] Pasi C: GM all
[09:02] r m: Good Morning folks!
[09:02] r m: Hi Pasi
*** Shai C, Welcome to the Vtrender conference room!
[09:04] Shai C: GM all
[09:05] Deepak C : hi GM all
[09:05] r m: Hi DC
[09:05] Deepak C : how r u rm
[09:05] Pasi C: Guys I have selected moderator messages only .Dont regret If I dont reply any of your messages since I could not read
[09:06] r m: fine DC
[09:06] r m: @Pasi, no we won't regret 🙂
[09:06] Shai C: OF traders will be happy with the USDINR up 50 points from buy point
[09:06] Shai C: buy was 55.80
[09:07] Jitender Chhabra: v happy…had bought on exit of IB…
[09:10] Shai C: cool
[09:12] Shares Trader: GM ALL
[09:13] r m: Hi ST 🙂
[09:13] Shares Trader: hi RM
[09:14] Jitender Chhabra: GM Shai, Rm, ST:-)
[09:15] r m: Hi JC 🙂
[09:17] Shai C: 9508 is a magnet for the BN
[09:18] Kris 123: Good Morning Friends – I hope my caution to bulls yesterday was useful to someone 🙂
[09:18] r m: Hi Kris 🙂
[09:20] Kris 123: I think BN is a buy close to 9520-30 with SL 10 points below 9508 🙂
[09:21] Shai C: 9508 should come same time as 4932. Both trend changers
[09:22] Kris 123: @Shai – surprising is the fall here – as es is more or less at the same place.
[09:26] Shai C: yes
[09:26] Shai C: out os range not expected
[09:30] Jitender Chhabra: book usdinr shai or wait…
[09:30] Shai C: book here- 56.45/50
[09:30] Jitender Chhabra: k…tx
[09:31] Shai C: 4928 is supp/ 4963 is res
[09:32] Shai C: Auction may be confined with these 2
[09:32] Kris 123: @Shai – is it that there is a O at top in both again?
[09:33] Shai C: yes
[09:33] Shares Trader: bt more of OAOR ?
[09:34] Shares Trader: than opend rive down ..rt Shai ?
[09:35] Shai C: more of an open drive in BN
[09:35] Shai C: and in NF too
[09:35] Kris 123: so we are more or less at the decider!
[09:36] Kris 123: 4932 and 9508
[09:37] Shai C: same time
[09:38] Shares Trader: more downside below 4930 only ?
[09:38] Jitender Chhabra: [09:21] Shai C: 9508 should come same time as 4932. Both trend changers
[09:38] Kris 123: for the adventerous this is buy time 🙂
[09:39] Shai C: chance for the responsive buyers
[09:39] Shares Trader: 4930 ..28th Low/ 25th High aprox
[09:39] Shai C: 2 week bracket high
[09:39] Shai C: failure here puts 4844 in play
[09:40] Shai C: but I'll wit for 4914 to add more positional shorts
[09:40] Shai C: http://www.vtrender.com/content/composite-check
[09:41] Shai C: Mini composite is still up as long as 4914 is defended
[09:41] Kris 123: @Shai – so you dont approve my adventure buying?
[09:41] Kris 123: 🙂
[09:41] Shai C: Kris, I am conservative 🙂
[09:46] Shai C: showing signs of rotation now
[09:47] Kris 123: @Shai – though it is premature – I am thinking of an exact converse of yesterday.
[09:48] Kris 123: or should I say exactly same 🙂
[09:51] Shares Trader: yes kris its possible tht exact opposite move of ths wil happen in afternoon session..day before expiry
[10:06] Shai C: 20 point IB
[10:07] Shai C: we can have another 3 I day today
[10:09] r m: ICICI turns blue
[10:09] Pasi C: Direction shai?
[10:09] Shai C: 9508 is the trick for June
[10:10] Shai C: was mentioned on mon
[10:10] Shares Trader: icici anyone
[10:10] Shares Trader: bounced sharp
[10:13] Shai C: making an attempt to stay abv vwap
[10:13] Shai C: this will mark change if it succeeds
[10:13] Shai C: to be followed by a move abv IBH
[10:15] Kris 123: The adventurous got some peanuts – ofcourse the Master did not like it 🙂
[10:15] Kris 123: I guess BN SL can be moved to 9530 – for the trade to be safe – 10 points below vwap 🙂
[10:17] Shai C: @ pasi, trend is down- buyers have to do the work
[10:17] Shai C: we watch vwap/ IBH for buyer strength
[10:18] Kris 123: @Shai – no pats for the trade? 🙂
[10:19] Shai C: Pats? U made money no??
[10:19] r m: 🙂
[10:20] Kris 123: Well – if I trade and make money – no pats – CN is enough – but for putting it here – probably I need some – isnt it? 🙂
[10:20] Shai C: Good trade Kris!
[10:20] Shai C: 🙂
[10:20] r m: lol
[10:21] Kris 123: @Rm – yeh master hai na – isko satisfy karna itna difficult hai ki – kabhee sochta hoon – attempt hee band kar doo 🙂
[10:21] Kris 123: but kyaa karoo – addicted to vtrender 🙁
[10:22] r m: lol
[10:22] Shai C: US dollar and US stocks seem to be attracting all the money
[10:22] Kris 123: @Shai – any previous episodes where us stocks rallying and NF falling big?
[10:22] Pasi C: Govt ready to give sops to FII shai
[10:23] Shai C: can't see a reason for the US stocks to be at swing highs when dollar is up at the highest and euro at the lowest
[10:24] r m: Govt giving broad hints about it's USDINR rate expectations perhaps hoping that traders will short USD 🙂 – http://www.thehindubusinessline.com/industry-and-economy/banking/article3470142.ece?homepage=true&ref=wl_home
[10:27] Shares Trader: in ICICI bank yestrd 840 was seller ..cash
[10:39] Kris 123: 4900CE+PE total is around 1 crore OI – and … unsurprisingly 5000CE+PE is also 1 crore OI
[10:41] Shares Trader: if no one trading icici june fut here…can u put May fut or cash shai ?
[10:45] Shares Trader: ??
[10:45] Shai C: this is May fut
[10:46] Shai C: not staying abv vwap
[10:46] Kris 123: with an O at the top it will be difficult – isnt it?
[10:47] Kris 123: If 9508 gives way – we should get 50 points fast!
[10:47] Shai C: yes
[10:47] Shai C: maybe more
[10:48] Kris 123: is it worth keeping sell orders at 9500 and 4928?
[10:49] Kris 123: NF is higher this time – but BN reached the point.
[10:51] Shai C: Nf will follow
[10:52] Pasi C: NF add below 4914/@shai
[10:52] Pasi C: NF add below 4914?@shai
[10:55] Shai C: yes
[10:56] Kris 123: looks 9508 is a big fellow! – holding it!
[10:56] Shai C: was abv 3000 contarcts
[10:56] Shai C: I mentioned that some of it was booked yesterday
[11:02] Shai C: still rotataing inside IB
[11:03] Shai C: USD INR should run up abv 56.5
[11:13] Shai C: @ Kris, your exit in the BN long trade was very good
[11:15] Kris 123: thanks Shai – the O at the top made me believe that we will not cross IB high in NF – hence exited.
[11:16] Shai C: 9440/ 9396 possible now if it goes below 9500
[11:17] Kris 123: I made another small trade which is not announced Shai – went long at 9495 – and exited at vwap again.
[11:17] Kris 123: unannounced – so no pats! 🙁
[11:17] Kris 123: the logic was – 9508 such a HVN – will not break in the first attempt!
[11:20] Kris 123: again trying – BN short at 9538 – and NF short at 4946 – will quit both – if IB high in NF is crossed and sustains.
[11:20] r m: RBI looks active thru its guidance to PSU's 🙂
[11:22] Jitender Chhabra: @shai..pls compress usdinr chart a bit, pls…
[11:26] Jitender Chhabra: tx
[11:27] Jitender Chhabra: wat is vwap value…
[11:28] Jitender Chhabra: for usdinr…
[11:28] Pasi C: USDINR weak below DPOC?@shai
[11:29] Rajkumar S: hai shai sir
[11:30] Rajkumar S: nifty last signal when came
[11:34] Shai C: sell at 4980
[11:35] Shai C: Pasi we are abv spike high/ pdh and vah
[11:36] Pasi C: ok
[11:36] Shai C: 56.38 vwap for USDINR
[11:36] Jitender Chhabra: tx…gt it
[11:37] Shai C: yes intra shorts will have sl abv dpoc for pdh tgt
[11:37] Shai C: in USDINR
[11:37] Shai C: recommed to come out when we get green
[11:37] Pasi C: what was spike high in USDINR shai
[11:38] Jitender Chhabra: 55.93-56.11
[11:38] Shai C: 56.11 also pdh
[11:39] Shai C: data rectified now
[11:39] Shai C: 56.28 is IBL
[11:41] Jitender Chhabra: tx
[11:43] Kris 123: @Shai – there is a H besides O now – should we consider that O effect is reduced with this H?
[11:44] Shai C: yes
[11:45] Shai C: buyer gaining strength
[11:46] Kris 123: yes Shai – may be NF is a buy at 4955 for VAL first target – 80% second target 🙂
[11:50] Kris 123: Buying June 5100CE at 53 – and a hedge of 4900PE May at 11 – Shai is it a good one?
[11:54] Shai C: hedge is useless
[11:54] Shai C: might as well give the 11 /- to charity 🙂
[11:54] Kris 123: true – I was calculating some hypothetical scenarios 🙂
[11:55] Kris 123: I was thinking of a possibility of a fast fall to 4900 to test the writers there – and rally hard.
[11:55] Shai C: u require 4844 to recover cost by tom
[11:55] Shai C: and then profits
[11:55] Shai C: if we go down that is
[11:56] Kris 123: @Shai – 5100CE is June – so it has a lot of further life 🙂
[11:56] Shai C: ok
[11:58] Kris 123: though NF is knocking IB high – BN is not that much interested.
[11:59] Shares Trader: DMK threatns to pull out of UPA 🙂
[11:59] Shares Trader: over petrol Hike
[11:59] Kris 123: @ST – I guess market will rally if this govt falls 🙂
[12:00] Shai C: LOl- DMK wants an election?
[12:00] Shai C: I say the best thing to happen is a election
[12:01] Shai C: at least we will be better with some polciy making
[12:01] Jitender Chhabra: every time cong cumz for a repeat term, tey drain the financz dry with scams galore.
[12:02] Kris 123: I guess every one knows how shallow the DMK threat is – market did not even react 🙂
[12:13] Shares Trader: 😀
[12:13] Shares Trader: it ws expctd Frm Mamta..bt she was relatively calm ths time..why ?
[12:15] Jitender Chhabra: coz MSY is supportn cong…
[12:16] Jitender Chhabra: n if mamta pulls out now, she wont get funds from center…
[12:23] Shai C: still rotating- [09:46] Shai C: showing signs of rotation now
[12:27] Kris 123: if at all 9508 has to be broken – it has to coincide with europe open – in a few moments.
[12:27] Kris 123: let us see.
[12:35] Shai C: europe's down- trying to get up- http://www.forexpros.com/indices/indices-futures
[12:35] Kris 123: [11:20] Kris 123: again trying – BN short at 9538 – and NF short at 4946 – will quit both – if IB high in NF is crossed and sustains.
[12:35] Kris 123: closed both
[12:35] Kris 123: BN got some 30 odd points at IB low.
[12:36] Kris 123: NF – did not work – some 8 points.
[12:44] Shai C: Bn trying to sustain below IBL
[12:44] Shai C: with no help from NF
[12:45] Rajkumar S: shai
[12:45] Shai C: Now BN will sell
[12:46] Shai C: Yes Rakjumar
[12:46] Shai C: RajKumar*
[12:46] Rajkumar S: sir i am new to vtrender, i read must read section , but i could not unterstand
[12:46] Rajkumar S: how to enter for trade
[12:46] Rajkumar S: in nifty
[12:47] Rajkumar S: please explain
[12:47] Shai C: did you activate your twitter account
[12:47] Rajkumar S: no sir
[12:47] Rajkumar S: today i will do
[12:48] Shai C: please come on the private chat, so room is not disturbed
[12:48] Kris 123: does not look like a big fall is coming – the speed is missing 🙂
[12:52] Kris 123: back above the big thing 9508 🙂
[13:13] Shai C: Bn is behaing weirdly
[13:27] Pasi C: charts
[13:33] Shai C: mkts may try the other side of IB now
[13:33] Shai C: 4966 is a tgt with sl at 4930
[13:35] Shai C: BN can buy abv 9510 for 9545, sl 15 points
[13:35] Kris 123: Shai would say above 9512 for a few moments – 9544 can come ( this is what I typed and was about to press Enter – and Master typed ) :(:(
[13:39] Shai C: playing out the IB band trade
[13:40] Kris 123: People who entered at IB low can probably move tsl to vwap in NF now.
[13:41] Kris 123: I mean 2 points below vwap.
[13:45] Shai C: all trying to rise now. what a market !!
[13:47] Shai C: 56.50 is to USDINR today what 55.85 was yesterday
[13:47] Shai C: the size of the move abv can duplicate
[13:48] Pasi C: [13:47] Shai C: the size of the move abv can duplicate means?
[13:48] Shai C: we had a strong move of 30 points abv 54.85 yesterday
[13:48] Shai C: see that kind of move again
[13:48] Pasi C: oh same can happen abv 56.5 ok
[13:49] Shai C: take profits on NF here
[13:49] Kris 123: BN SL can be moved to vwap now.
[13:50] Kris 123: and in NF – better to trail at IB high -2 points.
[13:50] Shai C: A very convincing MP setup- [13:33] Shai C: mkts may try the other side of IB now
[13:51] Kris 123: @Shai – how to find it?
[13:54] Shai C: IB band trade
[13:54] Pasi C: Good call shai
[13:55] Shai C: neutral day in NF-0 close should be vwap/ dpoc
[13:58] Pasi C: we have markets tom?
[13:59] Shai C: what's tom?
[13:59] Pasi C: Bharat bandh
[13:59] Pasi C: banks will not work
[13:59] r m: Capitalists don't believe in strikes 🙂
[14:00] Kris 123: today whole action appears same as yesterday
[14:00] Kris 123: in which case we should probably close near IB low – will it? 🙂
[14:01] Shai C: long in USDINR tgt 56.75
[14:01] r m: @Shai, SL?
[14:01] Shai C: keeping sl at 56.38
[14:01] r m: Thanks 🙂
[14:01] Shai C: below vwap. trade 50 % qty
[14:01] r m: ok
[14:06] Kris 123: Is bearish expiry so much expected that 4900CE at 58 and spot at 4970? 🙂
[14:07] Shai C: it was yesterday also a 12 point discount
[14:09] Kris 123: NF is trying – but BN is not at all interested
[14:15] Kris 123: if BN breaks IB low now – expect some fireworks
[14:19] Shai C: came very close to my sl at 56.38
[14:19] Shai C: there is a seller at 56.50, maybe Subbu himself 🙂
[14:19] r m: lol
[14:19] Shai C: that's why a break abv is a good trade as trend is strong
[14:26] Jitendder Chhabra: good volumes on this one…
[14:30] Shai C: vol came at 4961
[14:31] Shai C: a cross of 5963 would hv bought pdl
[14:31] Shai C: *4963
[14:47] Kris 123: [14:00] Kris 123: today whole action appears same as yesterday
[14:47] Kris 123: [14:00] Kris 123: in which case we should probably close near IB low – will it? 🙂
[14:48] Kris 123: well – 20 points so far !!
[14:48] Kris 123: let me move the tsl to just above vwap – if there are another 10 on offer 🙂
[14:51] Shai C: 3rd send back from 56.51- 52
[14:52] Shai C: Bn is looking bearish now
[14:52] Shai C: should go down another 100 is we close below 9508
[14:55] Shai C: short rollover in BN at 9455
[15:10] Shai C: looks like Kris is having his way
[15:20] Shai C: headed for close at lows
[15:21] Shai C: [09:31] Shai C: 4928 is supp/ 4963 is res. [09:32] Shai C: Auction may be confined with these 2
[15:23] Shai C: sad day to trade-37 points
[15:25] Shai C: 5 mins 10 points for a neutral center
[15:25] Shai C: vwap/ dpoc 4943
[15:27] Shai C: deciding on a neutral extreme then
[15:28] Shai C: continutaion below 4927 tom , otherwise we are back at 4982
[15:29] Shai C: 4918- 4965 can still be the expiry move in the day tom
[15:29] Shai C: does not look like it will be a violent one
[15:29] Pasi C: bye all
