[08:41] r m: Good Morning folks!
[08:43] Shai C: GM all
[08:43] Shai C: Gm RM
[08:43] r m: Hi Shai 🙂
[08:53] Pasi C: GM all
[08:53] r m: Hi Pasi
[08:54] Pasi C: Hi mr rm
[08:57] Pasi C: bn shorts will screwed at open
[09:08] Shai C: 4870/ 9475 are key for shorts today
[09:08] Shai C: try not to be short above this as there can be big short covering
[09:09] Shai C: 4838/ 9376 will keep the day positive
[09:09] Pasi C: exit over short in Bn @open ?@shai
*** Shai C, Welcome to the Vtrender conference room!
[09:09] Pasi C: *bn short
[09:09] Shai C: yes we'll exit short and go long on signal but abv 9476
[09:10] Shai C: I think we should be able to recover the loss by close
[09:10] Shai C: *exit
[09:10] Pasi C: ok
[09:19] Shai C: open out of range and value
[09:24] G D: GM all!
[09:24] G D: Gap up because of ES recovery last night?
[09:26] r m: Hi Girish, yep, ES is mai – baap of all, to misuse Saddam's words, Father of all markets 🙂
[09:26] Shai C: yes
[09:26] G D: RM 🙂
[09:27] Shai C: Global mkts positive ahead of a EU report on banking reform later today
[09:31] Shai C: OAOR
[09:32] Shai C: thought it would be an open drive
[09:32] Shai C: 19 points
[09:40] Shai C: 🙂
[09:41] Shai C: NF behaves like the BN nowadays
[09:41] r m: algos queuing up 🙂
[09:43] Shai C: 4945 is the HVN abv 4922
[09:46] Rajkumar S: shai sir , nifty came buy signal at 4818, now 4920 then tgt reached for nifty?
[09:49] Shai C: if you are trading 2 lots, keep a TSL at 4870 for the second and rise
[09:49] Shai C: ride
[09:57] Shai C: 4944 HVN should give this move some rest
[09:58] Shai C: expecting a P shaped profile to develop for the rest of the day from that point
[09:59] Shai C: this move in ES if it stays above 1287 will confirm a pull back into the preb bal zone and may target 1329 again
[09:59] Shai C: *target
[09:59] Shai C: Intraday res is 1295.5 abv which 1301 is possible
[10:01] Shai C: Bn can do 9668/ 9720 quickly
[10:02] Rahul Goel: Hello all, GM
[10:02] Shai C: Hi Rahul
[10:02] Shai C: 5100 is being talked about openly now 🙂
[10:02] r m: Hi Rahul 🙂
[10:03] Rahul Goel: Shai is there any reading on vtrender on algorithm which we are able to see in the charts
[10:03] Rahul Goel: how should we judge it
[10:03] Rahul Goel: GM shai and rm
[10:03] Shai C: It's there in the premium section
[10:04] Rahul Goel: okay will go through it
[10:04] Shai C: http://www.vtrender.com/content/algo-detection
[10:05] Rahul Goel: shai can we add BN now at vwap if not added in the beginning of the day
[10:07] Shai C: better add would be abv IBH now with vwap sl
[10:07] Shai C: that way you know the mkt still wants to trend
[10:08] Rahul Goel: ok
[10:08] Shai C: after a 130 point move, the mkt may just choose to sleep for 1-3 hours
[10:08] Rahul Goel: hmm true
[10:09] Shai C: the new sell signal in USDINR is already up 10
[10:09] Shai C: below 55.57 expect 55.40
[10:09] Shai C: weakness persists below 55.78 today
[10:12] r m: That means any rise in USDINR can be sold with SL just above 55.78?
[10:19] Kris 123: Well – 150 points done from the lows – did I get any ping/memoirs today? Good Morning All 🙂
[10:20] r m: Hi Kris 🙂
[10:21] Kris 123: Hi Rm 🙂
[10:21] Rahul Goel: Hello Kris Good Morning
[10:21] Kris 123: Looks Master still did not pass me 🙁
[10:23] r m: Master's minimum passing marks 500 points in Nifty or 1000 in BN 🙂
[10:28] Kris 123: May be with an O at the bottom and we are up already by 1.5% – it is a no trade day today in NF – the only trade probably would be at Shai's customary 1-1.20 dip 🙂
[10:56] Shai C: slow progress since the delayed open drive
[10:56] Shai C: 4914 is the bottom of the single print
[10:56] Shai C: and imp landmark for the rest of the day
[10:57] Shai C: the moves from yesterday's low is a full 100 points now
[10:57] Shai C: and extended in the hourly
[11:34] Shai C: dpoc holding NF up
[11:34] Shai C: vwap holding BN
[11:40] Rahul Goel: shai can we see the icici of is it blue
[11:50] Shai C: Bn should go abv IBhigh on this swing up
[11:53] Shai C: not enough strength
[11:53] Shai C: maybe after EU open only
[12:12] Shai C: profile beginning to look like a P
[12:12] Shai C: It needs to take out 4944 for a further move to maybe 4970 later in the afternoon
[12:13] Shai C: BN has to move abv 9586 for that to materialise
[12:14] Shai C: ES has not given any strength from our open- currently below 1295.5
[12:14] Shai C: dollar/ euro also flat
[12:15] J C: shai..like yesterday top…r u getting a feeling of this rise being sold into…
[12:30] Shai C: no. this looks good
[12:30] Shai C: there is clear short covering from day lows
[12:31] J C: k…tx
[12:34] Shai C: 4924- 4936 zone for past 2 hours
[12:35] J C: even usdinr is not falling…infact rising..
[12:40] J C: when is the ECB thing expected ?
[12:53] Shai C: nothing on their site
[12:53] Shai C: http://www.ecb.europa.eu/press/html/index.en.html
[12:54] Shai C: biggest pull back of the day- 16 points
[12:54] Shai C: 4938- 4922
[12:54] J C: tx shai…
[13:03] Shai C: entering 50 % short 55.75 with sl at 55.81
[13:03] Shai C: will add below 55.70 for 55.63 tgt
[13:16] Shai C: stop 's gone in USDINR
[13:21] Shai C: at hvn 4944 now
[13:22] Shai C: see USDINR- back to 55.72
[13:22] r m: it went up only to trigger SL 🙂
[13:23] Shai C: yes
[13:23] Shai C: was thinking of moving it back, but the trigger went
[13:24] Shai C: was extended abv vwap
[13:24] Rajkumar S: shai sir now what is the tsl value for nifty 2nd lot?
[13:25] Shai C: 4901 swing
[13:27] Rajkumar S: any calculation is there for tsl?
[13:27] Shai C: No we go by Market profile
[13:27] Shai C: 15 points below the single prints seen at 4914
[13:29] Shai C: 4970 is an objective on this move
[13:29] Shai C: 4990 spot
[13:29] Shai C: or 4990 spot
[13:29] Rajkumar S: single prints means
[13:30] Shai C: it stands for institutional buying
[13:30] Shai C: in the MP chart it is the top of the d letter
[13:30] Shai C: just below 4914
[13:33] Shai C: 55.62
[13:36] Shai C: es trying to rise abv 1295.50
[13:36] Shai C: will bring 1301/ 1308 today
[13:40] Shai C: 4954
[13:43] r m: This time USDINR sell did not generate the twitter message
[13:44] r m: both buy and sell
[13:45] Shai C: let me check
[13:45] J C: shai..though m on airtel delhi…since ystrday m getting delayed msgs..by 1-2 hrs
[13:45] Shai C: It didn't hit the log
[13:46] Shai C: 1-2 hours?
[13:46] J C: yup the morn msgs and leves came arnd 11 yesterday & today also…
[13:46] r m: @JC, i think the problem is with telecom switching, all twitters on sms are getting delayed, some time by as much as 3 hours 🙂
[13:47] r m: and i have tata docomo
[13:47] Shai C: My RIL number ticks well
[13:47] J C: i though ystrday that mayb it was a one off thing but it got repeated today…
[13:47] Shai C: Maybe I should delay my MNP request 🙂
[13:47] J C: @rm k
[13:47] r m: happening with me since last one month or so, i have discontinued sms on twitter for vtrender where time is important
[13:48] Shai C: JC try a shut down a and restart. recommended by RIL though I don't see a connection
[13:48] J C: k..will try
[13:49] Shai C: RM, try to take messages from the twitter tab for buy/ sell as that comp takes in more accurate tick data
[13:50] r m: OK Shai, thanks
[13:50] Shai C: spot hiy 4990?
[13:51] r m: nope, 4988.45
[13:51] r m: So your pc which generates the twitter message is still maintaining sell on USDINR as per the morning message
[13:53] Shai C: yes
[13:54] Shai C: I'll post the chart at close
[13:54] r m: Thanks Shai, actually it is easier to follow twitter, because tweetdeck gives sound alert 🙂
[13:54] r m: spot crosses 4990
[13:55] Shai C: and we are at 4969
[13:57] Shai C: [09:43] Shai C: 4945 is the HVN abv 4922 [09:57] Shai C: 4944 HVN should give this move some rest [12:12] Shai C: It needs to take out 4944 for a further move to maybe 4970 later in the afternoon
[14:00] Shai C: a ne trade would be to take longs abv 4972 for a visit to the 4992 zone with maybe a 7 point stop
[14:00] Shai C: *new
[14:00] r m: neutral day in USDINR?
[14:01] Shai C: momentum and price pointing upwards hence more short covering into the close cannot be rules out
[14:01] Shai C: yes leaning more to a neutral extreme
[14:01] r m: thanks
[14:03] Shai C: if spot takes out 5000, there's another 26 points towards 5026 which was the high on 29th May
[14:06] Shai C: Kris will be very happy with his 200 pointer
[14:06] r m: 🙂
[14:07] Shai C: 5000 Ce has doubled
[14:19] Shai C: es at 1299.25
[14:20] Shai C: if that crosses 1301 by 2.30 expect more upmove here
[14:22] Shai C: keep tsl at 4957 if in a new long
[14:24] Pasi C: bn?@shai
[14:27] Shai C: 9595 intra day
[14:27] Shai C: Bn is looking tired
[14:28] Pasi C: ok
[14:36] r m: 5000 on spot
[14:38] Shai C: question is if BN can summon enough energy now for one last burst
[14:39] Shai C: 2 Ib calls at 9708
[14:40] Shai C: that discount is big at 25 points
[14:41] Shai C: in NS_NF
[14:41] r m: yes
[14:41] r m: 80+ in BN
[14:42] Shai C: yes messing up looking at long term charts
[14:43] Shai C: all intra traders who look at spot will feel more pain
[14:43] r m: true, it often means only theoretical profits 🙂
[14:44] Shai C: check BN – very reluctant passenger today
[14:44] Shai C: generally it is the engine which pulls NF along
[14:44] Shai C: way below 2IB now
[14:47] Shai C: Es stopped at 1300.25
[14:47] r m: ICICIBank is up 1.7% and yet below IBH 🙂
[14:47] r m: probably BN did a very good job in IB itself!
[14:48] Shai C: hmm. maybe that is the reason
[14:48] Shai C: the headline of today cannot read rate cut hopes drive the index up 🙂
[14:49] r m: 🙂
[14:50] Shai C: I love these anchors when they fit the rise/ fall to a news story
[14:51] r m: yes, business channels will save a lot of money if they just put a chart of ES on the screen and retire all their anchors 🙂
[14:52] Shai C: es has done 30 points from this time yesterday
[14:54] r m: spot wants to put 5000 behind
[14:54] r m: 5005
[15:00] Shai C: we need about 15 more points to 4994 nf or 5025 spot
[15:01] Shai C: sl for the buy abv 4972 is 4967 now. It's stayed abv 4967 since it broke up
[15:01] Shai C: BN will do 2IB at 9708
[15:02] Pasi C: booked bn@9690
[15:02] Shai C: cool
[15:02] Shai C: Bn is very extended
[15:03] Rajkumar S: shai sir , i am getting msg to mobile, but 13.00 o clock msg now only i got, 2 hours late
[15:04] Rajkumar S: normally will we get msg on time or late in mobile from twitter?
[15:06] Pasi C: mobile is not reliable Raj better keep watching twitter screen
[15:07] r m: @Rajkumar, Pasi, installation of tweetdeck is also a good option, it gives you sound alerts so you don't have to keep watching the screen 🙂
[15:08] Pasi C: yes rm we can sleep 🙂
[15:08] Kris 123: Good Afternoon All – Well – we done 200 points from the lows when I said Buy – And I am sure Master did not pass me yet 🙂
[15:08] Pasi C: well done kris u must be hiring trucks
[15:08] r m: @Kris, GA, i suspect that you have passed now 🙂
[15:10] Kris 123: @Pasi – I rate a "well done" from the Master a lot more than all those trucks !!
[15:10] Kris 123: @Rm – did I – if you can copy paste – it will be very nice for me 🙂
[15:10] Pasi C: 🙂
[15:11] r m: @Kris, [14:06] Shai C: Kris will be very happy with his 200 pointer
[15:11] Rajkumar S: pasi sir, always we get late in mobile or sometimes only
[15:11] Shai C: Rajkumar you are on airtel?
[15:12] Rajkumar S: yes sir
[15:12] Shai C: There was Girish complaining yesterday and Jitender this morning
[15:13] Shai C: I'll talk to the guys here and see what the problem is
[15:13] Shai C: But in my reliance network I get all the messages, so the problem is not with twitter
[15:14] r m: @Shai, maybe you should consider giving a free Reliance SIM with subscription kit 🙂
[15:14] Shai C: Lol
[15:15] Shai C: I know some of our subs who use dual sims have activated on both numbers
[15:15] r m: ok
[15:16] Pasi C: delay happens sometimes shai .Not 100% reliable
[15:17] Pasi C: some times its like checking up the alarm in the early morning before it rings
[15:18] r m: some info on tweetdeck for android mobiles – http://www.onbile.com/info/how-to-apply-tweetdeck-on-mobile-devices-with-android/
[15:22] Shai C: yes tweetdeck is good if you limit the number of people you follow
[15:22] r m: yes 🙂
[15:23] Pasi C: obviously we can have eclusive twitter account for vtrender only
[15:25] Pasi C: *exclusive
[15:25] Shai C: 4960 break will have weakness tom
[15:26] Shai C: rally will get legs only abv 5004 tom
[15:26] Rajkumar S: shai sir , i have dualsim , may i register my another number also?
[15:26] Shai C: yes u can
[15:26] Shai C: Pasi you can have multiple twitter accounts
[15:27] Shai C: tweetdeck can read from multiple userids's also
[15:27] Pasi C: shai I doubt can we register more than one mobile with one twitter account?
[15:27] r m: 4800PE and 5100CE have same premiums even though the distance of PE from CMP is twice!
[15:27] Shai C: only for tweetdeck, not for mobile
[15:29] Rajkumar S: now tsl value sir?
[15:30] Rajkumar S: for nifty?
[15:30] Shai C: 4930 for tom
[15:30] r m: Thanks Shai & friends, bye all, have a great evening 🙂
[15:30] Shai C: 4975/ 9681
[15:31] Pasi C: bye all
[15:33] Shai C: copper and crude have to remain up for equities to rally later in the US tonight