*** Shai **, Welcome to the Vtrender conference room!
[08:39] r m: Good Morning folks!
[08:43] Pasi C: GM all
[08:43] Pasi C: Hi rm
[08:46] J C: GM folks!!
[08:46] J C: Hi Rm,Pasi:-)
[08:46] Pasi C: Hi JC
[08:48] Vicky M: GM All 🙂 hi RM 🙂 Pasi 🙂 JC
[08:48] Pasi C: Hi vicky
[08:49] J C: Hi Vicky…
[08:53] Shai C: GM all
[08:53] Vicky M: GM Shai 🙂
[08:53] Pasi C: GM shai
[08:53] Shai C: sgx projecting a quite open
[08:54] Shai C: friday's profile was a DD
[08:54] Shai C: expectation increasing of a fillup in the middle in the single prints of friday
[08:55] r m: HI Pasi, JC, Vicky, Shai 🙂
[09:01] Pasi C: shai plz keep profile charts
[09:02] Vicky M: Shai needs to open two rooms soon.. 🙂 equity commodity currency profile charts, icicibank … so much to put it n so less space
[09:03] Pasi C: Is it?
[09:03] r m: Yep, Shai needs a skyscraper to accomodate all 🙂
[09:04] Pasi C: Vicky M: Shai needs to open two rooms soon. when this will happen rm?
[09:05] r m: @Pasi, no idea, i find it very difficult to concentrate on more than one chart – limited cranial capacity 🙂
[09:06] Pasi C: ok
[09:07] Sreeram N: Gm all
[09:07] r m: Hi SN 🙂
[09:10] Sreeram N: Hi rm Gm
[09:11] Sreeram N: Will we touch 5300
[09:11] Sreeram N: inr strong
[09:11] r m: but nifty spot flat in pre-open
[09:12] Sreeram N: k but maybe in the afternoon
[09:12] Pasi C: may be OAIR need to watch IB
[09:15] Sreeram N: @Shai buy only above 5280
[09:16] Shai C: yes that's the swing trade
[09:18] Shai C: NF on OF buy, sl will be 5222 below pdl
[09:20] Pasi C: seems Friday single prints r responsive
[09:20] r m: 5175 tick is not seen in the TT ticklist
[09:20] r m: Thanks!
[09:25] Shai C: some problem with the data
[09:25] r m: ok
[09:37] Shai C: quite open
[09:37] Sreeram N: Shai exit OF buy in NF or hold with 5222 as SL
[09:37] Shai C: No OTF
[09:38] Shai C: exit OF buy
[09:41] Vicky M: Shai whats behind vwap value 5243? value area low?
[09:41] Rahul Goel: hello all GM
[09:43] r m: Hi Rahul 🙂
[09:43] Shai C: Vicky that's VAL
[09:43] Vicky M: thanks
[09:45] Shai C: inflation data will keep mkts quite
[09:46] Shai C: schedules at 12 noon
[09:52] Shai C: *scheduled
[10:02] Shai C: we are coming off an inside day on friday
[10:02] Shai C: hence any move in the afternoon session should be initiative activity
[10:02] Shai C: break of value and range is the trading strategy
[10:02] Shai C: value definition can be extended today to a break of IB
[10:04] Shai C: time value change at 5200 pe is 1.32 cr
[10:05] Shai C: test
[10:07] Shai C: time value change is from friday's close price to today's current price
[10:12] Pasi C: vShai C: break of value and range is the trading strategy whats the value @shai
[10:13] Dr Bansal *: shai,crude chart.
[10:13] Shai C: 5277- 5242 value
[10:14] Dr Bansal *: thanx
[10:14] Pasi C: 5277-5242 is range na
[10:14] Pasi C: hence value and range or same?
[10:15] Shai C: range was 5277- 5227
[10:15] Pasi C: hmmm price below 5242 already
[10:16] Shai C: but when we have a DD, you should consider the distribution areas as separate values
[10:16] Shai C: the traditional concept of value does not makes sense for DD and trend days
[10:16] Pasi C: ok
[10:18] Shai C: OF is very flat in NF
[10:18] Shai C: also price at vwap/ dpoc
[10:19] Dr Bansal *: shai,today nf in buy mode,bnf in sell mode,any suggested spread for paper trading.similarily a case study in buy NG/sell crude oil for spread trading.
[10:20] Shai C: I've not checked NG/ crude oil, but as it is energy could be interesting
[10:22] Shai C: A buy NF with a 5200 call sold at 81 is a good spread also
[10:23] Shai C: there's 52 /- in time value at 5200 ce gtill expiry
[10:26] Sreeram N: test
[10:26] Sreeram N: charts moving
[10:38] Pasi C: whats the type of day developing?@shai
[10:38] Pasi C: in BN
[10:38] Shai C: open auction still
[10:39] Shai C: a 5200 pe/ 5300 ce can be traded on inflation news
[10:39] Pasi C: range extension in BN?
[10:39] Pasi C: and no responsive buyers?
[10:41] Shai C: no new sellers also
[10:41] Shai C: next bar is green
[10:41] Pasi C: ok
[10:42] Pasi C: since its spending time here value being accepted?@shai (BN)
[10:44] Shai C: yes
[10:44] Pasi C: ok
[10:44] Shai C: but always look out exogenous events like today's inflation data which may change inventory positions
[10:46] Shai C: inflation data can also move USDINR by a lot
[10:47] Pasi C: we dont have IST time zone in TODAY section@shai?
[10:47] Shai C: 55 is a perfect place to launch a buy call put position
[10:48] Shai C: Pasi, u have to adjust from time zone
[10:50] Pasi C: its around 1:00pm na
[10:51] Shai C: Put dst off and u will get the right time
[10:51] Shai C: dst is off from april to nov
[10:51] Pasi C: ok
[10:54] Shai C: 10576 ALGO is a buy
[10:55] Pasi C: oops sell in nifty
[11:01] Pasi C: 5222 broken?
[11:01] Shai C: wait
[11:01] Shai C: don't take a new position
[11:02] Pasi C: ok
[11:03] Shai C: bn is a buy abv 591 with a 20 point stop
[11:03] Shai C: tgt 620/640
[11:04] Shai C: can't see sellers
[11:05] J C: inflation can cum nytime bet 11:30 n 12
[11:06] Shai C: yes
[11:06] Shai C: I thought it already came when we broke now 🙂
[11:07] J C: 🙂
[11:07] Shai C: can't trust these guys to stick to a schedule
[11:07] Pasi C: one more ALGO at low of BN ?@shai
[11:07] Shai C: cannot see
[11:07] J C: yup..tey have prepond the time..
[11:08] Pasi C: there was one more buying algo attempted at 10564.11:05 AM – 16 Jul 12 · webReplyRetweetFavoriteOptionsHome
[11:08] Pasi C: courtesy;iren
[11:09] Pasi C: *viren
[11:10] Shai C: ok
[11:22] Shai C: maybe that big bar doen was someone's SL in BN
[11:22] Shai C: *down
[11:22] Shai C: got executed in a thin mkt
[11:26] J C: rumor of inflatn to b between 7-7.5 against expctd 7.61
[11:28] Shai C: yes expectation is very flat
[11:28] Shai C: 7 will be a rally
[11:28] Shai C: 8 a sell off 🙂
[11:33] Shai C: gen a move back through PDL should bring val or IBL
[11:38] Shai C: 7.25
[11:38] Shai C: 10655
[11:39] Shai C: India June WPI up 7.25% On Year
[11:40] Shai C: food artcicles up/ fuel down
[11:41] Pasi C: Buy Bn or wait?@shai
[11:42] Shai C: buy is abv 690 price only
[11:42] Pasi C: tweet came
[11:43] Shai C: keep it abv 690, as there were buyers before news
[11:43] Shai C: they will book now
[11:44] Shai C: NF did not break IBH
[11:49] Pasi C: can this target 10730 where friday seller sits?@shai
[11:49] Shai C: it should
[11:50] Pasi C: ok
[11:50] Shai C: but sl is below vwap for a long enetered here
[11:50] Pasi C: ok
[11:50] Shai C: buyers will still be intersted in buying Bn here
[11:55] Shai C: be back ina few mins
[12:00] Pasi C: 10635 spot is imp for intraday
[12:00] Pasi C: IMO
[12:12] Shai C: abv 5252 we should get 5266
[12:12] Shai C: will also make the day a neutral day with focus shifting to 2IB or dpoc by the close
[12:20] Shai C: 10707 looks like a seller algo
[12:22] Shai C: Now a neutral day in NF/ BN
[12:23] Pasi C: DPOC not shifted in NF shai
[12:24] Shai C: No not yet
[12:24] Pasi C: where as in BN
[12:25] Shai C: BN has an algo there
[12:27] Pasi C: what is the centre in BN and shoulld visit it once since its a neutral day?@shao
[12:27] Pasi C: *shai
[12:27] Shai C: 10635
[12:28] Pasi C: ok
[12:58] Deepak C : Shai can this buying at lows be called buying tail ?
[13:01] Shares Trader: it shd look lk Tail..whther buyign or selling
[13:01] Shares Trader: GA evryone
[13:03] Shai C: GA ST
[13:03] Shai C: Deepak it's not a tail
[13:03] r m: GA ST 🙂
[13:04] Shares Trader: 🙂
[13:04] Kris 123: Gm All 🙂
[13:05] Pasi C: a tail should have single TPOs @Deepak Am I correct shai?
[13:05] Shai C: yes
[13:05] Shai C: more the tpo's, stronger the conviction
[13:05] r m: Hi Kris 🙂
[13:05] Kris 123: Hi Rm 🙂
[13:05] Shai C: Hmm Kris is in the house. GA
[13:06] Kris 123: Hello Shai 🙂
[13:07] Kris 123: Let me announce a trade as well – Buying 5300CE at 30
[13:08] Kris 123: 🙂
[13:09] r m: Thanks Kris, obviously you are expecting the day type to end at extreme?
[13:10] Kris 123: yes Rm 🙂
[13:11] r m: ok
[13:32] Shai C: the US mkt had a trend day on fri
[13:32] Pasi C: price stalled
[13:32] Shai C: followups are not good after a trend day
[13:32] Shai C: 1354 major res in ES which if it gives way can bring 1359
[14:02] Shai C: mkt holding vwap
[14:10] Rahul Goel: shai can we have val points on chart for rude
[14:11] Shai C: on chart now
[14:12] Sreeram N: @Shai can we sell nifty now
[14:12] Rahul Goel: yup thanks
[14:12] Shai C: yes SN
[14:12] Sreeram N: SL
[14:13] Shai C: 5256 now
[14:14] Shai C: u may have to hold it till tom
[14:14] Pasi C: neutral extreme down side?@shai
[14:15] Shai C: not yet
[14:15] Shai C: wait till 2.30
[14:16] Pasi C: ok
[14:20] Pasi C: in a neutral day buyer&seller both r present and ery close
[14:21] Pasi C: *very
[14:22] Bipin N: Pasi C: in a neutral day buyer&seller both r present and ery close whatdoes that mean Pasi?
[14:23] Pasi C: see even sell signal came market not going down and responsive buyers Bipin
[14:24] Pasi C: both r trying hard to gain the situation
[14:25] Bipin N: ok..you mean no one has the upper hand?
[14:26] Pasi C: yes
[14:26] Bipin N: ok thanks Pasi
[14:28] Pasi C: we can slightly more sellers in NF than BN at this movement
[14:29] Bipin N: ok
[14:29] Pasi C: *we can see
[14:33] Shai C: leaning towards a neutral center as we begin the last hour
[14:34] Shai C: 5300 ce has added big today
[14:34] Shai C: fairly even addition at 5200 strike
[14:35] Shai C: OI picture poiting now to an auction in the 5280- 5180 range we spoke about here last week
[14:36] Pasi C: ce addition means more down side?@shai
[14:37] Shai C: it means bias is moving lower to sideways not necessariry down all the time
[14:37] Pasi C: ok
[15:07] Shai C: if short book profits here
[15:07] Shai C: 5207/ 10576
[15:10] Pasi C: we were expecting extreme upside
[15:11] Shai C: not upside – center
[15:11] Shai C: that 10575 buyer called in again
[15:20] Shai C: that buyer in BN is strong here
[15:25] Shai C: neutral extreme
[15:25] Shai C: will need follow up at open tom below today's low
[15:29] Shai C: dpoc lower in BN
[15:30] r m: Thanks Shai, bye all, have a great evening 🙂
[15:31] Shai C: Bye guys
[15:31] Rahul Goel: Bye shai thanks, Bye everyone enjoy your evening
[15:31] Sreeram N: Bye all
