*** Shai C, Welcome to the Vtrender conference room!
[08:51] r m: Good Morning folks!
[08:52] Pasi C: GM all
[08:52] Pasi C: Hi rm
[08:52] r m: Hi Pasi
[08:53] Shai C: GM all
[08:53] jitender chhabra: GM Shai…
[08:53] jitender chhabra: Gm Rm,Pasi…
[08:53] r m: Hi JC 🙂
[08:54] Pasi C: Hi JC
[09:00] jitender chhabra: shai…pls adjust the usdinr chart…
[09:03] r m: chart (USDINR) not refreshing
[09:09] Shai C: should refresh now-55.72 is the quote
[09:09] r m: Thanks Shai
[09:09] jitender chhabra: tx
[09:09] Shai C: the sell signal had come in the last ten minutes
[09:09] Shai C: 4th winner of over 50 points
[09:09] r m: yes, but very potent 🙂
[09:14] Girish Desai: GM all!
[09:14] jitender chhabra: HI GD…
[09:14] r m: GM Girish 🙂
[09:14] Pasi C: Hi GD
[09:15] Girish Desai: GM RM, JC, Pasi, Shai!
[09:15] Girish Desai: http://www.stocksfortune.com/FOReport shows 18L 4200PEs added on Friday. I did some study of what happened on first day of may series too.
[09:16] Girish Desai: https://docs.google.com/open?id=0B0RMNOutgho8TW5hc2FqYzQydDQ — shows 20L 4700PEs were added on first day of May series
[09:17] r m: Thanks Girish
[09:17] Girish Desai: No conculsions to be mayde yet but just to keep in mind …
[09:19] Shai C: algos at 4777/ 4781
[09:20] Kris 123: GM All 🙂
[09:20] Shai C: thanks girish
[09:20] r m: Hi Kris 🙂
[09:20] Girish Desai: GM Kris!
[09:20] Shares Trader: Hello All
[09:20] r m: Hi ST 🙂
[09:20] Kris 123: GM Rm, GD, ST 🙂
[09:21] Kris 123: @Girish – nice to see you back in the room – room was looking quite quiet 🙂
[09:22] Pasi C: Hi KRis
[09:22] Kris 123: Hi Pasi
[09:22] Girish Desai: Kris – you mean to say – the noisy kids get noticed very easily in a classroom 🙂
[09:23] Girish Desai: GM ST. Thanks for your Algo detection inputs!
[09:23] r m: @Girish, or maybe silence becomes deafening at times 🙂
[09:24] Kris 123: @Girish – I meant it takes two hands to clap – and I did not know what to do 🙂
[09:24] r m: lol
[09:24] Girish Desai: JC – your datapoint for INR seems valid. INR did tank somewhat from Friday afternoon
[09:24] Girish Desai: RM, Kris – lol
[09:25] Shai C: are orders going?
[09:25] Shares Trader: u mean to NSE ?
[09:25] Shares Trader: ys
[09:25] jitender chhabra: @GD tx…it did…currency is a good trade with pink/greens
[09:26] Kris 123: I may be wrong – but I did witness some good buying of 5000CE at 40
[09:26] Girish Desai: Shai – I am able to place orders
[09:27] Shai C: ok. Thanks.
[09:27] Shares Trader: n geting executed too
[09:28] Shai C: yes they are 🙂
[09:28] Kris 123: The magnitude is something similar to what I find it when Shai's Mauritius friends/ Janak/Girish act!
[09:28] Shai C: There is a problem with data in the USDINR chart. I'm trying to fix it
[09:29] Kris 123: Till recent times, there was one less option – But with Girish return – things are more spiced up – with combinations increasing 🙂
[09:29] Shai C: seems to be rectified now
[09:30] Kris 123: Imagine it – Shai Girish on one side – and Janak on the Other – Girish, Janak on one side – Shai on the other – it is as exciting as the epic Share Warne Sachin Battle 🙂
[09:30] Shai C: no effort for a gap fill yet
[09:30] Shai C: OAOR
[09:30] Shai C: lack of responsive buying first 15 mins to new prices
[09:31] Shai C: 4794 is my ref line for shorts this morning
[09:31] Shares Trader: Shai, ALgo markd on charts r Time algo ?
[09:31] Girish Desai: Shai – when you asked are orders going through, you didn't specify if your order was in the order of millions … Small orders like 1 or 2 lots are going through 🙂
[09:31] Shai C: should go to 4834 above it
[09:32] Kris 123: @Shai – no buying showing up? I thought there has been some effort to hold 4770 and 5000CE at 40!
[09:32] Shai C: Lol Girish, I placed a mkt order which did not show as confirmation, so was wondering ?
[09:32] Girish Desai: Just kidding man ..
[09:32] Kris 123: may be these days Girish started to set the visible qty to 1/1000
[09:33] Girish Desai: Kris 🙂
[09:34] Kris 123: INR gained 1% and NF lost 1%!!
[09:34] Girish Desai: On a serious note marketwatch reported this morning Hangseng is now in negative territory for 2012. Indian ETFs in us have hit lows below Dec 2011
[09:34] Kris 123: Contradictions dont exist – when the appear check the premises – one of them will be wrong 🙂
[09:35] r m: 🙂
[09:35] r m: the million dollar question is, which one?
[09:35] r m: 🙂
[09:36] Kris 123: @Girish – for the past few days Rm and me were trying to correllate the action of May with action in Dec 11
[09:36] Kris 123: I mean – the continuous selling by Shai and his friends, the index fall, the generally gloomy news projections etc.
[09:37] Kris 123: One of my bold conclusions is – we should make the low of the series on the second trading day of the series – which is today 🙂
[09:37] Girish Desai: Kris – most of the script the very similar right? Its just the degree of (or lack of) disbelief in the correction among traders that gets exploited
[09:37] Kris 123: The precedent has been in Jan we made the low of the series on 4th Jan – and a relentless rally.
[09:38] Shares Trader: 🙂
[09:38] Kris 123: Now also , the euro shorts, bearish atmospehere – everything making it eerily similar 🙂
[09:39] Kris 123: Well – I predicted that we make lows on 4th June – atleast 5-8 days before – hope Rm testifies that it is the same 🙂
[09:39] Girish Desai: quite possible
[09:39] Kris 123: Now, we have to see if the second half of the story also works 🙂
[09:39] r m: 🙂
[09:40] jitender chhabra: anyways the probab of low, as GD had pointd out on Fri, is to b made in the first hr today…
[09:40] r m: whole of June could go like Vishy's series with Gelfand before the tie breaker 🙂
[09:41] Kris 123: Add to that fact that – if we do make a low on the first or second day of the series, then it is a bullish month – according to the Bangalore Trading Legends 🙂
[09:42] Shai C: 4755 NF of may series is the last hope for a bounce today
[09:43] Kris 123: @Rm – 4914 is the fair price for May – and 150 points from there is around what Shai is pointing out – ofcourse he will use some MP terminology to justify it 🙂
[09:44] r m: lol
[09:45] Shai C: 1 min break till I reset the chart
[09:50] Shai C: back
[09:50] Shai C: eyes on 4755
[09:51] Girish Desai: BN is almost 100 pts above May low where was Nifty has probably tanked below May low
[09:51] Shai C: there is a 16 point gap between 4744- 4760 spot which runs the risk of closure should we continue below
[09:51] Shai C: 4760 spot
[10:16] Pasi C: classic vwap band trade
[10:22] Pasi C: IB trade done
[10:37] Pasi C: [09:19] Shai C: algos at 4777/ 4781 what was the impact of this?@shai
[10:37] Pasi C: whipsawed?
[10:50] Jiignesh -: GM all
[10:50] Jiignesh -: shai gm
[10:50] Pasi C: Hi jigs
[10:50] Jiignesh -: hi padi c
[10:50] Jiignesh -: pasi
[10:51] Pasi C: seems r angry since I didnt pronounce ur name properly?@jigs 🙂
[10:51] Pasi C: * u r
[10:51] Jiignesh -: lol
[10:52] Jiignesh -: my name is jiignesh
[10:52] Pasi C: jiignesh ? or Jiignesh ?
[10:52] Jiignesh -: jiignesh
[10:53] Pasi C: then why u put title as Jiignesh?
[10:53] Pasi C: 🙂
[10:53] Jiignesh -: oh. both r same
[10:53] Pasi C: no J and j r same?
[10:54] Jiignesh -: yes dear
[10:54] Pasi C: no case sensitivity?
[10:55] Jiignesh -: oh
[10:55] Jiignesh -: Kane ki sensitivity 🙂
[10:55] Jiignesh -: 'kahe
[10:56] Jiignesh -: baba kaha he aap?
[10:56] Pasi C: didnt get u?
[10:57] Jiignesh -: saibaba
[10:58] Girish Desai: Anyone trading/tracking crude these days?
[10:58] Pasi C: ha saibaba to?
[10:59] Girish Desai: Crude is down almost 20% from its peak reached a month back or so. Don't know if bottom fishing is right way to go at these levels
[10:59] Pasi C: why petrol prices gone up?@GD
[11:00] Kris 123: @Girish – crude might be at the bottom – but mostly we will not get any benefit trading it – is my assumption.
[11:01] Kris 123: I mean – it will be like Gold – the serious fall in international markets – coincided with the Rupee fall – and not much change is seen in Gold.
[11:01] Girish Desai: Kris – you mean the component of INR depreciation will be offset when it starts rising
[11:01] Kris 123: yes Girish
[11:02] Girish Desai: The problem I have with crude is that the lotsize is pretty big. I wish there was a CRUDEM to at least play in small qtys
[11:04] Shai C: test
[11:04] Shai C: back to vwap
[11:04] Shai C: 4795 is the high
[11:05] Shai C: [09:31] Shai C: 4794 is my ref line for shorts this morning. [09:31] Shai C: should go to 4834 above it
[11:06] Shai C: potentialmove abv IB high not developing
[11:06] Shai C: we are now below in both NF/ BN
[11:07] Shai C: I will be computing some charts this week on the IB breakout between 10.15- 10.45
[11:07] Shai C: I feel they fail more times than not
[11:07] Shai C: though it would be good to have one year stats to back that up
[11:07] Kris 123: below vwap IB low should come – but I still retain the bullish bias.
[11:08] Kris 123: @Shai – yes- they should fail – and Rm will vouch for that – in fact after 10.05 – any IB breakout/down should be traded on the opposite side is one of my theories 🙂
[11:09] Shai C: On es we are below recent bracket lows of 1287
[11:09] Shai C: 50 % retarcement of the rally to 1320 is aboy 1250 ish
[11:10] Shai C: below 1269.5 today, 1255 is dues
[11:10] Shai C: *due
[11:11] Kris 123: It has been Rm and my observation that whenever an extension to IB occurs after 10 – it is setting the stage for a move in the opposite direction.
[11:11] Shai C: 55.80/ 55.65 will resist upmoves in USDINR now
[11:15] Shai C: wed is the big day when things can turn
[11:15] Shai C: rumors of joint governemnt action on the wires
[11:16] Shai C: BOJ/ FED/ ECB should annouce something along with a possible rate cut by the ECB
[11:17] Shai C: above vwap/ ib low watch for a move to 55.73 in USDINR on this green
[11:18] Shai C: 55.66 dpoc/ 55.73
[11:23] Shai C: http://www.vtrender.com/content/algo-detection
[11:23] Shai C: right at the close in BN there was a massive spike- http://www.vtrender.com/sites/default/files/Tickvelocity_BN.png
[11:23] Shai C: on friday
[11:26] r m: that spike did not have much price movement though
[11:28] Shai C: yes happened exactly at close
[11:31] Pasi C: shai can u zoom out nf chart so that we can see algo's
[11:32] Shai C: Pasi just give it one day to settle
[11:33] Pasi C: ok
[11:33] Shai C: 4785 had big volumes, but we have to be careful with bars at open and close
[11:34] Pasi C: yes
[11:34] Shai C: they can be short covering and market on open orders from retail or both
[11:34] Shai C: evenetually I hope to find a way to ignore the signals for the first 5 mins
[11:37] Pasi C: break of IB possible since It was OAOR?@shai
[11:39] Shai C: buy abv 4795 with IBH stop
[11:40] Shai C: or vwap
[11:46] r m: algo in BN?
[11:47] Pasi C: algo printed?@rm
[11:47] r m: no, i just saw a thick black bar make an appearance in BN and got confused 😀
[11:47] Pasi C: can we direction symbol in algo/@shai
[11:48] Pasi C: c*can we have
[11:48] Pasi C: ok rm
[11:49] Shai C: Pasi we'll work on it
[11:50] r m: odin is showing 1625 volume in BN at 9154.20
[11:51] Shai C: that blue bar will meet one half of the condition
[11:51] Shai C: it can be interpreted for heavy volume
[11:51] Shai C: but we are looking for heavy volume under 30 secs
[11:52] r m: yes Shai
[11:52] Shai C: USDINR back in IB
[12:09] Shai C: 12.00 noon
[12:10] Shai C: real global money wakes up to do business now
[12:10] Shai C: 🙂
[12:13] Shai C: FTSE is closed today
[12:14] r m: es next stop at 1240?
[12:17] Shai C: 1250- 55
[12:17] r m: Thanks
[12:18] Shai C: don't have futures data that far back, but I think 58 is definitely on now
[12:18] r m: ok, i was watching the forexpro chart – http://www.forexpros.com/indices/us-spx-500-futures-advanced-chart
[12:19] r m: it is back to new year levels
[12:24] Shai C: done- [11:17] Shai C: above vwap/ ib low watch for a move to 55.73 in USDINR on this green
[12:28] Shai C: we have not done anything since the open
[12:28] Shai C: still around open price
[12:29] Shai C: one more reason for the NSE to think 24 hour futures trading
[12:29] Shai C: it may be the only way to check SGX
[12:29] Shai C: big volumes descending at 9090 BN
[12:36] Pasi C: that big candle not satisfying algo in NF?@shai
[12:37] Shai C: no 🙂
[12:37] Pasi C: ok
[12:37] Shai C: it will be a very small candleon the contrary
[12:38] Shai C: USDINR at an inflection point here- mentioned earlier 55.77- 55.80 as res
[12:50] Shai C: small longs in USDINR at 55.83 with sl at 55.75
[12:50] Shai C: tgt 55.99
[12:51] Shai C: that vwap band is making it risky
[12:55] Shai C: exit at 55.79
[12:56] Girish Desai: GA all! Seems like a rangebound market but profiles developing so far are seemilgly balanced. We all know a balanced profile in afternoon can easily become a p-shape or b-shaped by 3:30 based on buying or selling…
[12:58] Shai C: yes
[12:59] Shai C: BN can lead here if it goes abv IBH
[12:59] r m: today is like 30th and 31st may, balanced profilev(so far!) but opening was gap down, if gap is considered as hidden single prints then these profiles should be views as 'b' shaped ?
[12:59] Shai C: yes
[13:00] Shai C: gaps are SP by nature of how they work
[13:00] r m: ok, thanks
[13:01] Girish Desai: Shai – if long from DPOC in BN, keeping SL @cost / VWAP and use DPOC as reverse trade point is the best strategy for afternoon?
[13:03] Shai C: I think you get 9190 now
[13:03] r m: blue in icici
[13:03] Shai C: if intra day they should not get below 9130 now
[13:04] Girish Desai: Thanks.
[13:04] Girish Desai: RM – ICICI has probably changed colours 3 times from this morning now
[13:04] r m: yes Girish, it is an oscillator in itself 🙂
[13:04] Girish Desai: lol
[13:06] Shai C: Both staying abv IBH
[13:06] Shai C: at least trying to
[13:09] Girish Desai: Shai – the move up can sustain only if DPOC shifts up near IBH or above?
[13:10] Shai C: yes should move abv vwap at least
[13:13] Pasi C: buy NF now?@shai
[13:15] r m: pdl in bn
[13:15] Girish Desai: Exited at WVAP band touch 9178 – enough damage done for the day. Out for lunch.
[13:15] Shai C: Pasi wait for a pull back now
[13:17] Shai C: buy a small qty here with 4784 sl
[13:18] Pasi C: ok
[13:18] Shai C: moves don't have conviction today, hence asking to trade small
[13:19] Shai C: 4816/ 4834 are tgts
[13:23] Pasi C: seems buy not materialised
[13:33] Shai C: break below 4794 is first sign of trouble for longs, followed by break of IBH
[13:37] Shai C: wow algo
[13:37] Shai C: 9205
[13:39] Shai C: 645 contracts
[13:41] jitender chhabra: cud also b a trap…
[13:42] Pasi C: may be JC
[13:51] Shai C: algos job would be to defend that level now- +/ _ 10
[13:52] jitender chhabra: its doing a good job till now…
[13:52] Shai C: he will be quick to run away too
[13:52] jitender chhabra: 🙂
[13:53] Pasi C: generally algo meant for scalping
[13:53] Shai C: back to 55.65 in USDINR
[13:54] jitender chhabra: algo's r also a high risk game….
[13:56] jitender chhabra: heard of a delhi consortium losng 34 cr to it in a day…
[13:57] Shai C: stakes are high
[13:57] Shai C: this guy has 650 contracts on the table
[13:58] Shai C: every 10 points he loses 162500/-
[13:58] Shai C: maybe he booke dsome higher too
[14:00] Shai C: there are 368 contrcts at 9238-42
[14:01] Girish Desai: So finally 2IB got done in BN. 3IB day followed by low in first hour of trade did work today. For a patient trader, almost 200 pts from low of the day is a decent reward.
[14:02] Shai C: 🙂
[14:02] Shai C: Need that gap fill in NF
[14:02] Shai C: did spot fill up?
[14:02] Shai C: corresponding level for spot to stay up today is 4804
[14:04] r m: spot low on friday was 4831.75, it has done 4828.20 so far
[14:04] Girish Desai: Shai – from google finance using 30-min chart I could see 4832 as low of Friday
[14:04] Shai C: Thanks guys
[14:05] Girish Desai: and I forgot that our Vloomberg expert will have the values upto the 10th decimal point 🙂
[14:05] r m: lol
[14:05] r m: like USDINR 🙂
[14:05] Shai C: He does . Most predictable . 🙂
[14:07] Shai C: Rm shared a report last time, which shows that FII's are more active in BN and NF
[14:08] Shai C: on a 10 day chart, I saw more of these time lagos in BN than in NF
[14:08] Shai C: *algos
[14:08] r m: so we got evidence now conifirming what angel's analyst suspected!
[14:11] r m: @Girish, that report is uploaded here – https://docs.google.com/open?id=0B8e3dtbFwQWUa3FmV0Ria01rUjQ
[14:12] Girish Desai: Shai – BN trading is definitely the best use of one's margin money.
[14:12] Girish Desai: Thanks RM. Will go through it
[14:13] r m: Though at May expiry FIIs reduced their net position by almost half – difficult to say though if they covered banking shorts or not 🙂
[14:15] Shai C: there's nothing on our eco calendat this week
[14:15] Shai C: IIp on 12th June
[14:15] Shai C: inflation on 14th
[14:15] Shai C: RBI on 18th
[14:16] Shai C: gap fill in NF
[14:19] Shai C: a move abv 9240 should invite short covering now
[14:19] Shai C: tgt imm is 9300
[14:19] Shai C: sl below 9190
[14:21] Shai C: watch for 4834/ 4858 abv 4817
[14:31] Girish Desai: RM – that report is something we have been used to analyzing here. May be angel is writing such reports because the broader audience has grown up a bit and started understanding terms like rollovers, OI .. and probably grown up from EMAs/SMAs/RSI/MACD …
[14:32] r m: yes Girish, only difference is we were ignoring BN thinking that FII's exposure to that is insignificant compared to NF
[14:33] Girish Desai: True. So its only good news for those who can trade BN with these charts
[14:33] r m: yep
[14:33] Shai C: seller coming in BN. take some profits here 9273
[14:35] Girish Desai: Shai – even INR is not tanking below IBL yet. So for those who are long and in profits, booking would be prudent
[14:36] Shai C: 9250
[14:50] Girish Desai: Shai – In INR dVAH is getting lower. Does it mean that more trades have happened near the DPOC and hence 70% zone gets narrower/lower?
[14:51] Shai C: yes it will happen when the dpoc stays flat
[14:55] Shai C: 4834
[14:56] Girish Desai: 9300 makes it 165 points for the laziest trader buying at IBH on a day folloiwng 3IB day!
[14:58] Girish Desai: I think Kris also pointed out this morning about buying in 5000CE. I don't know how he concluded that but a 25% gain for those who bought 5000CE at 40 this morning
[14:58] Shai C: [09:31] Shai C: 4794 is my ref line for shorts this morning. [09:31] Shai C: should go to 4834 above it
[14:59] Girish Desai: Shai – when was the BN buy generated?
[15:00] Shai C: 9182
[15:01] Girish Desai: Thanks.
[15:01] Shai C: 9317 is 3IB and midpoint of friday's range
[15:01] Shai C: also pOC at 9300
[15:01] Girish Desai: DPOC in BN/Nifty are still stuck much lower
[15:02] Shai C: yes that makes this move suspect
[15:07] Girish Desai: In last one month – this is the second gap down below 4800 that was bought by buyers. The previous one was on 18th May
[15:10] Shai C: just looking at the action in BN- i feel BN is ON for a 200 point move in the IB tomorrow
[15:11] Shai C: looks to me some ambitious shorts have enetered abv 9280 and may either give a quick fall at the open or cover majorly
[15:13] Shai C: LT and Oil / gas companiws responsible for the bulk of the rise
[15:15] Girish Desai: Now we have seen a back-to-back 3IB days in BN. One where bulls were running with their backs burning and today it was the turn of bears!
[15:15] r m: a** on fire is the term in general use 🙂
[15:17] Shai C: 9345 is friday's algo
[15:17] Shai C: 4844 NF
[15:17] Girish Desai: RM 🙂
[15:19] Girish Desai: Sometimes DPOC shifts in last few minutes. Will it stay where it is or some volumes will come in last 10 minutes?
[15:19] Shai C: 3IB
[15:19] Shai C: profile shows shorts off in a b
[15:21] Girish Desai: http://www.quantinsti.com//Sem2012/?gclid=CIiA1b-ntLACFUUb6wodblSQWA — Is this from some brokerage company?
[15:23] Shai C: I read about another center like that in Pune
[15:27] Shai C: closing near the highs
[15:28] Girish Desai: Euro seems to recovering slowly
[15:28] Shai C: around 1.2450 some shorts will cover
[15:29] Girish Desai: Seems like FOREX/EQ markets will be volatile till Greek vote on June 17.
[15:29] Shai C: this rally is based on an ES recovery tonight?
[15:30] Shai C: 4850/ 9360
[15:30] Girish Desai: Quite possible. ES is down 50points in just 1.5 days of trading..
[15:30] Girish Desai: That's it for the day. Bye all!
[15:31] r m: Thanks friends, bye all, have a great evening 🙂
[15:31] Shai C: bye guys
