*** Shai **, Welcome to the Vtrender conference room!
[08:51] r m: Good Morning folks!
[08:52] Shai C: Gm all
[08:52] J C: GM friends..
[08:53] Pasi C: GM all
[08:53] r m: Hi Shai, JC 🙂
[08:53] J C: Hi Shai,Rm:-)
[08:53] r m: Hi Pasi
[08:53] J C: Hi Pasi
[08:53] Pasi C: HI rm JC
[09:02] Shai C: eyes on USDINR to see if the central bank is coming to sell
[09:02] Shai C: NF should be opening near the top of yesterday's bracket
[09:03] Shai C: bias remains up above 5101 today
[09:03] Shai C: if 5101 breaks we can see 5042
[09:04] Shai C: key will be to see if buyers come again at the open to respond to lower prices
[09:04] Shai C: an open drive is positive
[09:05] Shai C: a open auction may set up a failure or keet the mkt lacklustre
[09:07] Shai C: yesterday GS recommended shorts in US mkts due to fed inaction
[09:07] J C: yup 1285 trgt….
[09:09] J C: shai…like day bfre ystry…wen is the nxt fed thing scheduled.
[09:09] J C: in terms of qe3…
[09:10] Shai C: aug
[09:10] Shai C: qe3 is certain then
[09:10] Shai C: along with a 50 bps cut by RBI in july :0
[09:11] J C: if tats the case ten mkts need to crash by july end – aug first week.
[09:12] Pasi C: will ope na ?@shai
[09:12] Pasi C: sorry
[09:12] Pasi C: we will open in yesterdays range na ?@shai
[09:13] Shai C: yes
[09:13] Pasi C: ok
[09:16] Shai C: 5131 vwap of yesterday
[09:16] Shai C: 9906 in BN
[09:16] Shai C: job of buyers is to take the mkt abv yesterday's vwap in case of a gap down
[09:17] Pasi C: in case of a gap down is this fullfilled?
[09:18] Shai C: yes buyer is present- give him some time
[09:18] Pasi C: ok
[09:19] G D: GM all!
[09:19] G D: USDINR through the roof!
[09:20] r m: Good Morning Girish 🙂
[09:20] Kris 123: Good Morning All 🙂
[09:20] Kris 123: GM Girish 🙂
[09:20] r m: Hi Kris 🙂
[09:20] Kris 123: sorry for being late into the room – but – it is a buy at open!
[09:20] G D: GM RM/Kris/Pasi/Shai!
[09:21] Pasi C: Hi GD
[09:21] Kris 123: Gm Rm, Pasi 🙂
[09:21] G D: OIL is down massively now. from 110 to 88 in just 2-3 months
[09:21] Pasi C: kris can be bought now?
[09:22] Pasi C: GM kris
[09:22] Kris 123: @Pasi – better to buy agian close to IB close.
[09:22] Kris 123: *again
[09:22] Pasi C: u mean IBL?
[09:22] Rahul Goel: Hello all GM
[09:22] Pasi C: Hi rahul
[09:22] Rahul Goel: GM, kris, rm, shai, GD and pasi
[09:23] Kris 123: I am expecting IB low to be tested once inside IB – atleast around ps2
[09:24] Pasi C: ok
[09:25] G D: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/06/20120621_Oilstocks.png
[09:25] G D: Kris as per the abv chart, ES could be headed to 1100 if it follows OIL
[09:25] G D: Hi Rahul
[09:26] r m: Hi Rahul 🙂
[09:26] Kris 123: @Girish – I know your intentions – you want to buy NF at 4K 🙂
[09:26] G D: 🙂
[09:26] r m: @Kris, correction, 100% investment at 4k and 300% more at 3K 🙂
[09:27] G D: And then go broke @2k!
[09:28] r m: lol
[09:29] Kris 123: @Girish – I somehow think that – those 3K itself is not quite realisable – so let me be happy with 3500, the election gap fill as a target
[09:29] Kris 123: 🙂
[09:29] Pasi C: whats the difference between open Drive and Open Auction@shai
[09:29] Kris 123: Bought 5100PE at 31
[09:29] Kris 123: for a small points only!
[09:33] Shai C: buyers doing well
[09:34] Shai C: 5144 cross will bring 5177 again
[09:34] Shai C: 5130 is now to be defended
[09:34] Shai C: other observations- sellers not active post gap down
[09:35] Shai C: pasi a drive is an open with higher candles as can be seen
[09:36] Shai C: a open auction will have canles going sideways
[09:36] Shai C: *candles
[09:36] Pasi C: big candles ok
[09:37] Shai C: [09:16] Shai C: job of buyers is to take the mkt abv yesterday's vwap in case of a gap down
[09:39] Pasi C: abv 5144 buy now?@shai
[09:39] G D: Shai – The only confusion I have is INR keeps scaling up but markets have become rangebound
[09:39] Shai C: pasi sl 3 points below 5130
[09:39] Pasi C: ok
[09:41] Shai C: anybody else has 5110 as low?
[09:42] J C: yup
[09:42] Kris 123: [14:50] Kris 123: @Rm – 5100CE+PE moved to 113 – but PE lost complete value – now a 40 point sell off should make the CE also lose – and m2M credits Shai and his friends account!
[09:42] r m: 🙂
[09:42] Kris 123: yesterday afternoon my observation!
[09:42] J C: 5110.1 in NOW
[09:42] Shai C: no volume
[09:43] Rahul Goel: shai I would like to know what is the significance of the DPOC keep moving up in a step manner
[09:43] Shai C: has to be a basket buy then
[09:43] Pasi C: Open auction & Open drive both can happen in OR isnt it?here my doubt is OR will have big candles then is it OD or OA?@shai
[09:43] Rahul Goel: I have been noticing this tep wise move in DPOC in the beginning of the day and over the 2nd half it just blasts off
[09:43] Shai C: dpoc moving up is strong hands
[09:44] Rahul Goel: ok
[09:44] Shai C: Pasi open is the first few minutes
[09:45] Shai C: we saw mkt climb from 5125 to 5149- so it is open drive
[09:45] Pasi C: ok
[09:46] Shai C: what's happening in today's case is that even though we are in yesterday's range, we are seeing the mkt test a previous balance zone from the past 3 days
[09:46] Shai C: hence anticipating OTF
[09:47] Shai C: yes Girish the USDINR is a big worry for bulls now
[09:47] Pasi C: it may test lows reason is kris holding 51oo PE
[09:47] Shai C: at 57, it's tough to be bullish on a long term scale
[09:48] J C: A small tidibt of info : RBI's bond buying stands comparitively at 15.1% of GDP, while QE2 bond buyn os Fed was at 3.8% of US GDP.
[09:49] r m: So only major difference between Subbu and Ben uncle is the missing gotee 🙂
[09:49] Shai C: u have the actual numbers in dollar terms?
[09:49] J C: nope…only in %age terms….
[09:49] Shai C: thanks. Interesting
[09:49] J C: wc…
[09:50] Rahul Goel: this is prettey negative for India rgt janak
[09:50] Shai C: anybody saw the ben conference the other night
[09:50] J C: @rm….this means that RBI in India is actually doing a good job inspite of PM.
[09:50] r m: yes JC
[09:51] r m: they are repurchasing all those bonds issued to OMC by Govt
[09:51] Shai C: Kris has puts now?
[09:51] Rahul Goel: okay thanls
[09:51] Rahul Goel: yes shai 5100 at 31
[09:51] Pasi C: [09:29] Kris 123: Bought 5100PE at 31
[09:52] Shai C: He may be getting ready to tank the mkt in the afternoon 🙂
[09:52] J C: tere is a report in todays newspap about companies defaulting upon $5bn of FCCB
[09:53] Pasi C: [09:47] Shai C: yes Girish the USDINR is a big worry for bulls now I dont think so but [09:29] Kris 123: Bought 5100PE at 31 is really
[09:55] Pasi C: is VK in otuch with u @rm
[09:57] J C: anothr interesting thing is that now all analysts r advocating buy on dips….v know wat happens on consensus
[09:57] r m: @Pasi, no, the fault is on my side, i am too lazy to write 🙂
[09:58] Pasi C: 🙂
[09:59] Kris 123: back!
[09:59] Kris 123: looks ,many allegations are made as usual in my absence 🙂
[10:00] Pasi C: not allegations actually appreciation
[10:00] r m: we like to blame you for our mistakes 🙂
[10:00] Kris 123: thanks Pasi – the reference is to MIP 🙂
[10:01] Pasi C: MIP?
[10:01] Kris 123: Men In Pune 🙂
[10:01] Pasi C: oh shai?
[10:03] Kris 123: @Girish (if around), Shai, RM – do you know of instances when dollar and es rallied together – What happens then? – Does it happen that es rallies and NF falls? – Such instances are there?
[10:04] Kris 123: When in hindsight we see a pattern which was successfull, we think that we should have followed it and hence saved ourselves a pretty penny
[10:04] Kris 123: But how many of us actually test as to how many times the same pattern failed before its historically great achievement of getting correct?
[10:04] Kris 123: 🙂
[10:04] r m: @Kris, will snoop around and find out (research is the word used by intelligent people) 🙂
[10:05] r m: bulkowski has a percentage record of failure of patterns – you would discard most of the patterns once you read that 🙂
[10:06] Kris 123: Thanks Rm – I am feeling some contrasting things – and – as they say – contradictions dont exist – so trying to understand my feelings!
[10:06] r m: ok
[10:07] G D: Kris – there have been instances when Dollar ES rallied together. But it was mostly when the media ramp up and pumping was happening…
[10:07] Kris 123: I am investigating ( contemplating) the idea of smart money moving to es for a few months – I am considering EM correcting big in the same time – want to know if there is such possibility 🙂
[10:07] Pasi C: day low 10:00 10:20 applies today ?kris
[10:08] Kris 123: @Pasi – you mean day high for today? 🙂
[10:08] G D: 🙂
[10:08] r m: i think it happened in 2007 second half, but will have to check – there were big talks of our markets decoupling from global markets till we coupled with a bang 🙂
[10:08] Pasi C: I understand now kris 🙂
[10:09] Pasi C: there is a definite conspiracy
[10:09] Pasi C: rm hope u got it too
[10:10] r m: i don't know the topic of your discussion Pasi 🙂
[10:10] Pasi C: [10:07] Pasi C: day low 10:00 10:20 applies today ?kris[10:08] Kris 123: @Pasi – you mean day high for today? 🙂
[10:10] Kris 123: @Shai Master – I request you to relieve me of this duty of being active in the room – I am being attributed many things which I am not – and you cant even take action on the culprit – he has become regularly irregular – moving around recently with a nick name that starts with G 🙂
[10:11] G D: lol
[10:11] r m: @Pasi, I am unable to read between the lines, find it difficult to read the lines too 🙂 One has to hit me with a hammer before i realise something is happening 😀
[10:12] Kris 123: @Pasi – there is nothing there – it is only a pattern – what the pattern says is – if there is an extension to IB around 10-10.20 – it can be mostly false one!
[10:12] Pasi C: kris holding PE and talking alot abt NF going down and ES going up @rm
[10:12] Kris 123: if IB extension happens to the low – it is low of the day – if it happens at the top – it is high of the day – simple logic – nothing conspirational 🙂
[10:12] r m: lol
[10:13] Pasi C: its bit clear now kris
[10:13] Pasi C: I mean the conspiracy
[10:13] G D: Kris – I managed to do a small short from 9988 to 9960 but still think day high might be already done
[10:14] Kris 123: @Girish – our only enemy is the O at the bottom of NF profile – other wise – more or less I concur!
[10:15] G D: yes. And also 9930 was last two day's POC before the afternoon ramp came. If that is broken then shorts will be in business
[10:15] Kris 123: I still think that 5100CE+PE is held by smart money – and they want to suck more juice out of it – before doing anything meaningful! 🙂
[10:16] Kris 123: @RM – dont tell any one – I embedded virus in Shai system which does a screen transmission to me 🙂
[10:17] Pasi C: did u watch "TotaRamudu"?@kris
[10:17] Kris 123: no Pasi!
[10:17] Pasi C: ok
[10:18] Pasi C: 2 min to 10:20 may be making day low!
[10:18] r m: @Kris, Shai advised in the room to writer 5100 straddle some time back i think 😀
[10:19] G D: Pasi – that 10:00-10:20 low pattern works when previous day was bearish – like the RBI tank day …
[10:19] Pasi C: thx GD
[10:21] r m: @Pasi, there has been no extension of IB in the dying hours today
[10:21] Pasi C: ok
[10:22] r m: 40 points IB, maybe we spend a lot of time sucking blood of option buyers 🙂
[10:22] Kris 123: @Rm – you mean – It is not required that I reveal the truth! – and can claim that I am using the chat history only? 🙂
[10:22] G D: RM – well. 20 point real IB
[10:23] r m: yes GD
[10:23] r m: @Kris 🙂
[10:23] Kris 123: @Rm – you mean – my blood is being sucked? – not yet feeling it – may be I will realise it later 🙁
[10:23] G D: RM – And the first few seconds only Kris and some super computers can trade 🙂
[10:24] r m: @Kris, not yours but those poor guys who bought the 5100 strike from Shai & co. 😀
[10:24] r m: Yes GD 🙂
[10:24] r m: being a chess player, Kris may have defeated a few super compy before taking up trading 🙂
[10:26] G D: yes RM. Looks like NSE has to have a checklist on the Brokerage form asking. Have you or someone in your family been a professional Chess player? If yes you cannot apply for derivatives trading 🙂
[10:26] r m: lol
[10:26] Kris 123: but….[09:51] Pasi C: [09:29] Kris 123: Bought 5100PE at 31
[10:26] r m: anyone with a surname "algo" also would automatically disqualify 🙂
[10:27] G D: 🙂
[10:27] Kris 123: and any one with sona and sach in the name qualify for insider trading 🙂
[10:28] r m: @Kris, but … MIP sold the pair for a lot more than that na!
[10:28] r m: lol
[10:29] Kris 123: @Rm – true – it has been sold above 140 for sure – ( cant reveal the precise price – MIP will get doubts) 🙂
[10:29] G D: Single prints @9860 could be a target if IBL is broken?
[10:29] G D: INR leaps!
[10:30] Kris 123: @Girish – 5100CE writers feared yesterday – we went upto 5165. If PE writers have to panic we need same movement below – so 5035 is a good location to close today 🙂
[10:31] Kris 123: Though dont have time to dig and paste the chat history, Shai was referring to 5032, 5042 numbers and that zone frequently below 5092!
[10:31] Kris 123: I guess I have given sufficient information for now 🙂
[10:31] r m: 🙂
[10:33] Kris 123: @Rm – what is crude price now?
[10:34] Rahul Goel: 4502
[10:34] Kris 123: thanks Rahul!
[10:34] Kris 123: @Girish – crude looks a great buy! – isnt it?
[10:50] G D: Kris – I have been thinking abt it but not sure if it will stagnate crude rallies and ruppe also rallies
[10:52] G D: I am honestly confused about BN because of INR behaviour
[10:53] G D: I would have expected BN to tank to 8000 levels given new lows made in rupee but as of now they seem to be "decoupled"
[10:57] G D: I am re-invisting my profits from earlier short with a short at IBH – SL yesterday's POC . Conviction trade with lack of belief ..
[11:19] J C: RBI asks OMC to buy 50% of their reqt from a single
[11:19] J C: PSU bank
[11:19] Shai C: 🙂
[11:20] Shai C: If IBH breaks in usdinr we get IBL
[11:20] r m: yes, a few days ago also they asked OMCs to do the same, guess OMC are still not controlled by RBI 🙂
[11:20] Shai C: not very confident of this move abv IBH in NF
[11:20] Shai C: keep sl below 5144 if long
[11:24] Shai C: not much interest by longs abv IBH
[11:25] Shai C: besides USDINR applying pressure
[11:26] Shai C: 57.04
[11:31] Shai C: BN is in IB
[11:31] G D: INR going crazy but BN probably needs Subbu to come and dance in a press conference to fall! OR some folks in Mauritius are buying BN bigtime ..
[11:38] J C: ita a 30% depric yoy…baffling
[11:39] J C: v r only country with tis unique distinction…since apr 2011….
[11:41] G D: JC – It effectively means India is the only country where central bank does not manipulate currency
[11:42] J C: or as usual politcos n bigwigs r making crazy movs & money
[11:42] J C: imagie any country allowing it to happen…wich has a aware community
[11:43] J C: *imagine
[11:44] J C: Even Thailand with no industry does remarkably better than India….
[11:53] G D: JC – I am hopeful about long term story for Indian market but still long term investors have to buy stocks at lower valuations
[11:55] J C: 🙂
[11:55] G D: I checked the charts of Hangseng and Brazil market. During last year's panic selling in US markets, they reached the low of May 2009. Nifty low of 4530 was still 600 points above that.
[11:55] Shai C: 5124 was where the volumes were at open
[11:55] Shai C: hope intra longs exited at 5143
[11:56] Shai C: below 5117 we should go to 5101
[11:56] Shai C: and if 5100 breaks we can have a collapse to 5042
[11:57] Kris 123: back – @Rm – see – the reference to 5042 again 🙂
[11:58] r m: 🙂
[12:00] Kris 123: Alright – booking part at 37 –
[12:00] Kris 123: could not update – averaged the buy with more buys at 26
[12:01] Kris 123: logic: we are at vwap band – and we have to be open to the possibility of a range day!
[12:02] Kris 123: but I remember vaguely that Shai is looking for a 3I day today 🙂
[12:02] G D: Kris -Covering 50% BN short here short here, to keep my record of no losing day in last 6 times I have traded – but of course I have traded only 6 times in last 2 month… Rest TSL @VWAP and happy with today's outcome too
[12:02] Shai C: usdinr 57.17
[12:02] Shai C: Great going GD/ Kris
[12:03] Kris 123: @Girish – fantastic trade – does that accumulate one more samosa into my account? 🙂
[12:03] Shai C: big hvn hit
[12:03] Kris 123: Thanks Shai
[12:04] Kris 123: @Rm – that combo is now at 95
[12:04] r m: keep a sharp eye on that man 🙂
[12:04] G D: Thanks Shai! Of course the only way I know to trade is with these charts.
[12:05] G D: Kris – I have told u. You will have to vist a cardiologist after eating so many samosas 🙂
[12:06] Kris 123: @Girish – you are mistaken – I am only building up a Samosa bank – that does not mean I over eat 🙂
[12:06] G D: 🙂
[12:06] r m: instead of IOUs he wants IOUS (samosa) 🙂
[12:06] G D: lol
[12:07] Kris 123: Kept a tsl for part at 35 – that will make the remaining negatively priced – so that I can hold them for some time – for Shai's 5042 🙂
[12:08] Shai C: just looking at es chart and the bounce at 1318
[12:08] Shai C: think it has to restest 1329 now
[12:08] Kris 123: @Shai – you intend to make a bear fry today?
[12:08] Kris 123: 🙂
[12:09] r m: chilled 'bear' is better option 🙂
[12:10] Shai C: ES does not have a great record in maintaining a trend day
[12:10] Shai C: the day after always reverses
[12:10] Pasi C: yesterday shai was expecting a 3I day today
[12:10] G D: Shai – ES closed yesterday @low of the day. So may be it will have a gap down and recovery today?
[12:11] Rahul Goel: shai can we have crude charts
[12:12] Rahul Goel: thanks
[12:13] Kris 123: thanks Shai – that is a nice observation
[12:13] Shai C: vwap is Sl for new shorts
[12:13] Shai C: an add below 51000 is right
[12:13] Pasi C: bang
[12:13] Shai C: ?
[12:14] Pasi C: 5090
[12:14] Shai C: HVN burst
[12:14] Kris 123: @Girish – was fearing the trade – hence could not take 5200PE – otherwise returns would have been great!
[12:14] Kris 123: Any way closed most at 45
[12:14] Kris 123: remaining tsl at 38
[12:14] r m: @Kris, i thought you bought those 1 million 5200PE yesterday 🙂
[12:15] Shai C: 1339 contracts
[12:15] Kris 123: @Shai – buy or sell?
[12:16] G D: Kris – good enough. More than the money made,to me what is important is getting the direction right…
[12:16] Kris 123: true Girish – I completely concur!
[12:16] Kris 123: Any way could get into 5100CE at 46
[12:16] Pasi C: big bang expected? or a trap
[12:17] Kris 123: would want to stay with some time – 5092 broken – then I will get out.
[12:17] Kris 123: @Girish – here is another illustration of me doing some nice trades – when you are around – Master – you are source of confidence and knowledge – I request you to be around!
[12:18] Kris 123: I am ready to let go all my Samosa bank for this 🙂
[12:18] Pasi C: [10:08] Pasi C: I understand now kris :)[10:09] Pasi C: rm hope u got it too
[12:19] Kris 123: @Pasi – I gave the trade in open terms – nothing discrete – so – I plead non-guilty 🙂
[12:19] Pasi C: [09:52] Shai C: He may be getting ready to tank the mkt in the afternoon 🙂
[12:19] G D: Kris – I will keep adding few drops to the ocean whenever I can 🙂
[12:21] Kris 123: btW, a small feedback is necessary from all you people – from yesterday – are you finding the sms delivery a bit more prompt?
[12:22] G D: Yes Kris. I already mentioned that yesterday afternoon to Shai
[12:22] r m: @Kris, will re-enable sms in twitter settings to check
[12:22] Pasi C: yes kris
[12:22] Kris 123: we will reach a much better solution – but some intermediary solution is in place – hope it works for some time – till I put in the complete solution.
[12:23] r m: thanks Kris
[12:23] Kris 123: Oh thanks Manager – that gives motivation to work 🙂 ( Not just bringing the problem – but acknowledging it ) 🙂
[12:24] r m: some guys just won't work without a hard taskmaster as a manager 🙂
[12:24] Kris 123: @Rm – true – but I get not just the cane – but – Samosa as well – if I work! 🙂
[12:24] Pasi C: thx kris
[12:25] r m: carrot and stick policy – Indianized version 🙂
[12:25] Kris 123: need to see if we sustain above IB low – if yes – we should get IB high 🙂
[12:25] G D: Kris – If you fixed something, in true Manager's style I should say – " Well that was your job anyway " 🙂
[12:26] r m: lol
[12:26] Kris 123: @Girish 🙁
[12:27] Kris 123: hmm… closing the CE at 53
[12:27] Kris 123: peanuts are enough – 46-53
[12:27] G D: Just kidding man. Honestly, I know making such things work together requires lot of effort.
[12:27] r m: good trade Kris
[12:27] Pasi C: 7 points in option not peanuts kris good man
[12:27] Kris 123: if it breaks IB low – Shai may get his 5042 – why take risk
[12:28] r m: @Pasi, just 15% return on capital 🙂
[12:29] Shai C: dpoc lower in NF
[12:29] Shai C: panic setting in as RBI missing
[12:29] Shai C: 57.30 is a full point from yesterd
[12:29] G D: Shai – I have seen that RBI steps in after 3:30pm
[12:30] r m: yes Girish, that is the usual time
[12:30] Shai C: 5111-5106 algos
[12:30] Shai C: neutral day with an FA at 5156
[12:31] G D: Shai – Those ALGOs popped up alage and fungus grows suddenly in damp area 🙂
[12:32] Shai C: 🙂
[12:34] Pasi C: add below 5100/@shai
[12:34] Pasi C: add below 5100?
[12:35] Kris 123: @Pasi – Friday afternoon – I suggest wait till 5092 to be broken – and then add.
[12:35] Pasi C: thx kris
[12:38] Kris 123: Ok – I am buying 5100CE again here at 47
[12:38] Kris 123: will buy some more at 40 – final SL 35
[12:38] G D: Single print at 9860 or so yesterday erased now
[12:38] r m: Thanks Kris
[12:41] Shai C: looks like a crack coming
[12:41] Shai C: 5120 is sl for shorts now abv composite HVN
[12:41] Shai C: 57.38
[12:42] Kris 123: @Shai – isnt 3 points above IB low? 🙂
[12:42] Shai C: even euro in major distress
[12:42] Kris 123: @Girish – you closed too early 🙁
[12:43] Shai C: kris that algo at 5111 is key
[12:43] G D: yes. Even yesterday I closed long a bit early but fine with profits as long as they come 🙂
[12:44] Kris 123: ps3+vwap band I take generally a long trade here
[12:44] Kris 123: but I am already in longs with CE – so not attempting –
[12:44] Kris 123: we should not put all eggs in one basket – my master told me 🙂
[12:47] Kris 123: Moment of truth – another few points in Bn and Nf and we sustain here for a few moments – I would think we close at highs of the day.
[12:49] Shai C: 9862 was brealout point yesterday
[12:54] Kris 123: Above 5117 we should witness the exact frenzy that we watched yesterday !
[12:56] Kris 123: If someone tried longs at ps3+vwap band – should part book here – at IB low – around 40-50 points – not bad I suppose.
[12:56] Pasi C: what is 5117
[12:56] Kris 123: [12:38] Kris 123: Ok – I am buying 5100CE again here at 47 —- Booking part at 54
[12:56] Kris 123: rest at cost.
[12:57] Kris 123: @Pasi – 5117 is a HVn I think
[12:57] Shai C: NF back in IB
[12:58] G D: Shai – sellers have been selling on every touch of dVAL in BN once BN went below VWAP. So if they have to come back it has to be between VWAP dVAL?
[12:59] Kris 123: covered more at 58
[12:59] Kris 123: close to vwap
[12:59] Kris 123: rest trailing at 52 – so trade stays safe!
[12:59] Pasi C: ok kris
[13:00] Kris 123: @Pasi – you took the trade?
[13:00] Pasi C: no kris my trailing stop 5121 hit
[13:00] Kris 123: oh – you were short?
[13:01] Pasi C: yes short from 5123 part booked@5095
[13:01] Kris 123: nice!
[13:01] Pasi C: and trailed@5121
[13:03] Shai C: Girish, the dval – dvah works on the same value concept as val-vah
[13:03] Shai C: once it enters from below 80 % of it going to dvah
[13:04] Shai C: we are back in the IB band trade in NF/ BN
[13:04] Kris 123: if any one took longs on my suggestion at ps3+vwap band – they should trail at ib low-10 points now.
[13:04] Kris 123: @Girish – I hope you add one more point to my setup in your sheet! 🙂
[13:05] G D: Kris – I have to revive that sheet now. Will add this today
[13:06] r m: wow
[13:06] Kris 123: ok – booked more at 60
[13:07] Shai C: Great show Kris
[13:07] Shai C: a pink in usdinr and green in BN once again unbeatable
[13:08] Kris 123: [12:54] Kris 123: Above 5117 we should witness the exact frenzy that we watched yesterday !
[13:09] Kris 123: it took 14 min
[13:09] G D: Kris – VWAP touch done. Sellers to come back here? Or yet another afternoon ramp like yesterday?
[13:09] Kris 123: @Girish – I expect close at highs
[13:10] Kris 123: Any way – BN done 100 points from ps3+vwap band
[13:10] Shai C: should do more
[13:10] Kris 123: if any one in – suggest part book here – and trail rest at ps2
[13:10] Shai C: It's the IB band trade
[13:11] Kris 123: [12:42] Kris 123: @Shai – isnt 3 points above IB low? 🙂
[13:11] G D: Kris – OK. I am anyway off for Friday afternoon ..
[13:11] Kris 123: that is why I was saying sl for shorts should be IB entry
[13:11] Kris 123: @Girish – I also closed shop
[13:12] Kris 123: have some meetings to attend in the afternoon.
[13:12] Kris 123: remaining 5100CE – now moved tsl to 60 –
[13:13] Shai C: 5140
[13:13] Shai C: neutral center or neutral extreme
[13:13] Shai C: that is the trade
[13:14] Shai C: Kris has put his weight for neutral extreme
[13:14] Shai C: 7 more points for IB band trade
[13:15] Kris 123: hmm.. booked part here at 70 – and rest tsl moved to 65
[13:15] Kris 123: may not be at terminal soon – hence the caution!
[13:16] r m: thank Kris, did some micro peanut as well, 5200CE from 14.50 to 20 🙂
[13:17] Shai C: 9962 algo is a seller
[13:34] Shai C: 9848 is the low in BN today
[13:43] Shai C: looks like a No resolution day
[13:46] Shai C: profile is top heavy in NF
[13:48] G D: Back from lunch. I am still baffled by INR defying moves in BN/NF..
[13:50] r m: maybe the short time left for expiry has made these kids independent of their Daddy (INR) 🙂
[13:50] Shai C: there is a lot of hope that the RBI will intervene
[13:51] G D: Quite possible. RBI is expected to act at these levels
[13:52] r m: The moment RBI intervenes, everybody begins dumping USD, making RBI's job easy
[13:52] r m: NF at IBH
[13:54] G D: BN almost 150pts down and up in 5 hrs
[13:56] Kris 123: @Girish – has been a good articulating day – I got both ends quite right – give and take a few points 🙂
[13:56] G D: Very unbiased trading Kris!
[13:57] Kris 123: @Girish – it is biased trading – with an assumption that 5100CE+PE have been written by smart money!
[13:57] G D: I was biased towards short side and took 2 short trades only.
[13:57] Kris 123: 🙂
[13:58] Kris 123: we might get big gap up to 5200 – if we close above 5140.
[13:59] G D: Kris – well. then it was "out thinking the outthinker" kind of trade 🙂
[14:01] Kris 123: @Girish 🙂
[14:02] Kris 123: Alright – let me try!
[14:02] Kris 123: 5200CE at 20 – buying some
[14:02] Kris 123: I guess – I earned the right to waste some money – with the trades of last 2 days 🙂
[14:03] r m: 🙂
[14:03] G D: Kris – just needd to be careful because of Friday afternoon syndrome
[14:03] r m: Looks like you are threatening the 5100 straddle writers 🙂
[14:04] Kris 123: @Girish – it can be a bear fry as well – and close above yesterday 🙂
[14:04] G D: yes. with sentiment -ve due to Asia + US, bears could be the easy "fry" targets
[14:05] G D: Yesterday afternoon's thin profile pretty much "repaired" with today's move
[14:10] Kris 123: OK friends – Bye – I am leaving for the day.
[14:10] Kris 123: See you on Monday.
[14:10] G D: Bye Kris!
[14:10] Kris 123: Hopefully Shai would say "well done" if we get a gap up Monday 🙂
[14:10] r m: Bye Kris, happy weekend 🙂
[14:10] Kris 123: Bye Girish, RM 🙂
[14:13] Kris 123: Hmm.. last update – booking part at 27
[14:13] r m: lol
[14:13] Kris 123: [14:02] Kris 123: 5200CE at 20 – buying some
[14:13] Kris 123: it is 11 minute trade!
[14:15] r m: speed trade 🙂
[14:19] Pasi C: BN sl vwap?@shai
[14:22] Shai C: ps2 sl
[14:22] Pasi C: ok
[14:26] Shai C: odds increasing of a close near the highs
[14:27] Shai C: last one hour- looking for a neutral center or neutral extreme
[14:28] Shai C: a break abv 5156 should be bought with sl at 5143
[14:28] Shai C: Bn could do 10080 again
[14:29] Shai C: es looks to maintain 1318 as a low
[14:32] Shai C: 5157
[14:37] Shai C: 5177 is a tgt with sl below 5143
[14:46] Shai C: will finish off as an inside day today
[14:47] Shai C: profile is abv the distribution of yesterday which is bullish
[14:47] Shai C: also 5101 was protected after a spike lower there
[14:50] Shai C: 10078 now
[14:50] Shai C: 5165
[14:51] Shai C: intra players should book BN
[14:51] Shai C: 10080 is a tough nut
[14:56] Shai C: jee- came right back to IBH
[14:58] Shai C: exit longs if ibh breaks
[15:07] Shai C: mkt not giving in to a neutral extreme
[15:08] Shai C: looks like a neutral center
[15:08] Shai C: 10079 is the high in BN
[15:22] Rajkumar S: shai sir nifty buy may i carry longs?
[15:23] Shai C: yes
[15:23] Shai C: from tues the entire week was spent auctioning the 1 hour candle made after RBI at 11.00 am monday
[15:25] Shai C: that's 25 hours of trading to recover one hour of loss
[15:25] r m: ek bear 25 bulls ke barabar 🙂
[15:25] Shai C: lol
[15:27] Shai C: Rajkumar change of bullish trend only below 5110 now
[15:27] Pasi C: gap up on Monday/@shai
[15:27] Shai C: today Fii's must be buyers at lows
[15:28] Pasi C: I have options good to carry over weekend?@shai
[15:28] Shai C: yes Pasi good chance to move up on monday
[15:28] Pasi C: ok
[15:29] Shai C: monday should start with RBI slamming usdinr down
[15:30] Shai C: anything near 56.5 will still be bought
[15:30] Shai C: 5155/ 10025
[15:30] Shai C: bye guys. Have a good weekend
[15:30] Pasi C: Bye all
[15:30] r m: Thanks Shai, bye all, have a great weekend 🙂
[15:30] Pasi C: Happy weekend
*** Shai **, Welcome to the Vtrender conference room!