General Chat Transcript
Room Name: Vtrender
Date and Time: June 24, 2014 09:03:15
[08:54] r m : Good Morning folks!
[09:06] Amit J : gm all
[09:08] Shai : GM all
[09:08] Shai : http://vtrender.com/trading-room-levels-and-plan-for-25th-june/
[09:12] Kathir : Good Morning Shai RM Amith and all
[09:13] Kathir : 🙂 Happy too see the charts again
[09:13] r m : Hi Kathir 🙂
[09:20] Shai : GM Kathir
[09:21] Shai : 7557
[09:26] Shai : Dip to 7520 would be a buy with a sl of y day vwap
[09:27] r m : @Shai, BNF a buy here with stop below 15175?
[09:28] Shai : No RM- let’s wait
[09:28] Shai : may conme down to test 15170/80
[09:28] r m : Thanks
[09:29] Shai : typical expiry week moves – yesterday 7500 pe was under pressure – today looks to be the turn of 7500 ce
[09:44] Shai : pressure actually coming on 7600 ce
[09:44] Shai : unwinding happening there
[09:47] Shai : 7576 spot is the nexty big one for a daily close
[09:48] Shai : we can climb to 7700 by thurs if we close abv that
[09:49] Shai : NF is at the top of the distribution
[09:49] Shai : BNF has got away
[09:52] Dr Bansal : shai,sell bnf here?
[09:54] Shai : strict sl 15365
[09:54] Shai : can do vwap
[09:54] Shai : as tgt
[09:57] Amit J : shai view on reliance.
[10:01] Shai : RIL good for 1080/83
[10:01] Shai : can even run to 1120 if that is crossed
[10:01] Shai : Intra day res at 1059
[10:04] Amit J : thanks
[10:14] Shai : BNf racing away again
[10:15] Shai : next tgt is 15410/ 430
[10:15] Shai : better to buy on dips with sl just below vwap
[10:21] Shai : IB is done
[10:21] Shai : Open and IB are an OTF buyer from day lows
[10:22] Shai : In such cases the market may drift in the upper part of the distribution for a few hours
[10:22] Shai : and most importantly vwap is absolutely crtical to hold
[10:22] Shai : if vwap fails in these type of days we will see day lows again
[10:22] Shai : 7565/ 15276 current vwap
[10:23] Shai : also monitor the largest pull back – it is 13 points now in NF and 52 in BNF
[10:36] Shai : NF is staying abv 7575
[10:36] Shai : 7575 was last week’s vwap
[10:36] Shai : 15180 in BNF
[10:38] Kathir : @Shai RIL resis 1059 spot or fut?
[10:39] Shai : cash
[10:40] Kathir : ok thanks
[10:41] Shai : Kathir there are rumors of a gas price hike in the market and that will benefit RIL
[10:42] Shai : But then ahead of budget there can be only rumors . haha 🙂
[10:42] Amit J : true rumor
[10:42] Amit J : no its not linked to budget
[10:42] Shai : Technically the Market has held 7500 now and looks set for 7900 in july
[10:42] r m : gas pricing committee is at work to beat the arbitration in London 🙂
[10:42] Shai : Ok Amit
[10:43] Shai : Yes not budget- I stand corrected
[10:50] Shai : 7600- 13= 7587
[10:50] Shai : 7574 below it
[10:50] Amit J : 30th is last date
[10:50] Amit J : 2dollar hike will come]
[10:51] Shai : ok
[10:51] Kathir : ok shai
[12:16] Shai : 7577 came
[12:16] Shai : only 2 things remain now to see in NF
[12:17] Shai : 1) whether we stay abv vwap for the rest of the day. vwap at 7573 now
[12:17] Shai : 2) whether we cross above 7588 again in the last hour if 1 is done
[12:17] Shai : If we do that then NF is looking at 7636 tom
[12:19] Shai : BNf is a buy abv IBH of 15350 with sl below 15310 for 15410
[12:56] Shai : there are enough buyers at 7475
[12:56] Shai : and it would be a new support now for the rest of this expiry
[12:56] Shai : 7575**
[13:47] Amit J : shai came with full teji. Made bottom at yesterday noon
[13:47] Shai : 🙂
[13:47] r m : 🙂
[13:47] Shai : Yes that 7562 F and 7552 spot was a nice supp
[13:48] Amit J : yes your level was amazing
[13:48] Shai : we stayed below spot by a few but could have been more of stops hunted out
[13:48] Amit J : double flat triangle c wave tha…. mostly happens in it
[13:50] Amit J : shai do u follow elliot
[13:51] Shai : No
[13:51] Shai : Not very familiar
[13:51] r m : @Shai, what can be the intraday target for NF?
[13:53] Shai : The view for the 7500 ce got messed up cos of expiry – was 40 yesterday now 118
[13:53] Shai : Rm about 7635
[13:53] r m : Thanks
[13:55] Kathir : Shai any views on expiry numbers bnf nf?
[14:00] Shai : Kathir big change day today
[14:00] Shai : Have to see where it closes
[14:01] Kathir : ok thanks
[14:01] Shai : My previous view was a consolidation between 7550- 7460 but even 7600 ce is covering today
[14:02] Kathir : covering u mean profit booking
[14:02] Shai : yes
[14:02] Shai : they are in profit now
[14:02] Kathir : ok
[14:02] Shai : One pull back will come in tomorrow’s trade and that will decide what expiry fig we get
[14:02] Kathir : ok
[14:05] Kathir : @RM dont forget TTB
[14:05] Kathir : company still working:)
[14:07] r m : lol
[14:07] r m : hope you did not hold that unitech CE 😀
[14:07] Kathir : did u read disclosure carefully
[14:08] Kathir : 🙂
[14:08] r m : yes:)
[14:08] Kathir : no position for TTB CEO 🙂
[14:08] r m : the tip provider was contractually banned from entering in the trade 🙂
[14:09] Kathir : 🙂
[14:09] Kathir : but expect a lottery tip before this expiry
[14:09] Kathir : i mean you can expect 🙂
[14:09] r m : ok, will keep my eyes skinned for that 🙂
[14:10] Kathir : sure dont take leave from trading for next two days 🙂
[14:10] Kathir : clue for now is Mcdowells
[14:11] r m : tomorrow on leave, have to attend a function, will have to miss Mcdowells during the day 🙂
[14:13] Kathir : oh ..no problem be here on thursday 🙂
[14:13] r m : sure
[14:17] r m : europe is coming down
[14:31] Shai : vwap has held all day
[14:31] Shai : at 7582 it is imp into tom also
[14:38] Shai : vwap breaks
[14:45] Shai : 7550 supp below vwap
[14:54] Shai : close at the highs is out for the time being
[14:54] Shai : close at vwap is a possibility
[14:54] Shai : Bulls have shifted the focus from 7500 strike to 7600 strike for the rest of this expiry
[15:05] Shai : the trademark rise into the close again??
[15:07] r m : the vertical climb 🙂
[15:09] Kathir : @RM MC may move up
[15:12] r m : ok
[15:12] Shai : BNf wants to close at day highs
[15:12] Shai : And I have to eat these words looks like – (14:54) Shai :close at the highs is out for the time being
[15:13] Shai : 7601 again
[15:13] Kathir : u said only for time being 🙂
[15:14] Shai : that break below vwap not explainable- has been a strong day
[15:15] Shai : Broker tells me news from dubai dropping 8% spooked the mkt
[15:15] Shai : Nonsense- since when did our market start looking at dubai!!
[15:15] Kathir : lol
[15:16] Amit J : dubai news came yesterday. nothing new.
[15:16] Amit J : cnbc is paid for flashing all these
[15:17] Shai : today it has dropped 8%
[15:17] Amit J : news came yesterday evening.
[15:20] Shai : tunrover is also hitting all time highs- 6 lakh crores
[15:27] Shai : close just near the 7588 spot
[15:27] Shai : maybe one day of consolidation tom and a rally again on thurs afternoon
[15:30] Shai : 7592F
[15:30] Shai : spot is just down a bit
[15:30] Shai : Bye all
[15:30] Shai : Have a nice eve
[15:30] Kathir : bye all 🙂
[15:32] r m : bye folks!
[15:47] Amit J : ye
[15:47] Amit J : bye