*** Shai **, Welcome to the Vtrender conference room!
[08:51] r m: Good Morning folks!
[08:51] r m: IIP at 11:00
[08:54] Pasi C: GM rm& all
[08:54] r m: Hi Pasi
[08:56] Rahul Goel: Gm rm and pasi
[08:56] Rahul Goel: how are you doing?
[08:57] Shai C: GM all
[08:57] Rahul Goel: gm shai
[08:58] r m: Hi Rahul 🙂
[09:03] Shai C: 4977- 5033 is a previous balance zone
[09:03] Shai C: spike low from yesterday is 5034
[09:04] Kris 123: Gm All 🙂
[09:04] r m: Hi Kris 🙂
[09:04] Kris 123: Gm Rm 🙂
[09:04] Kris 123: Looks a deep cut coming – will 4914 protect? 🙂
[09:06] r m: right now they are sparring at 5017 in spot
[09:09] Vicky M: GM everyone 🙂
[09:09] r m: Hi Vicky 🙂
[09:09] Vicky M: hello rm 🙂
[09:12] Shares Trader: GM ALL
[09:12] r m: Hi ST 🙂
[09:13] Shares Trader: Hello RM 🙂
[09:14] r m: Yesterday algos were raining all around 🙂
[09:14] Shares Trader: 3 of them were tradable
[09:14] Shares Trader: as we skip open n close ones
[09:15] r m: yes
[09:16] Pasi C: Hi rm&ST
[09:17] Shares Trader: hi Pasi
[09:17] Pasi C: how to identify the direction ST
[09:20] Shares Trader: of ?
[09:21] Pasi C: ALGO ST
[09:21] Shares Trader: simple price action
[09:22] Pasi C: ok
[09:29] Pasi C: charts stuck
[09:29] Shares Trader: no
[09:33] Shai C: quite open
[09:33] Shai C: auction at the pdl
[09:33] Pasi C: ook
[09:34] Shai C: ES did a trip tthough the balance zone again
[09:34] Shai C: 1297 is the low
[09:35] Shai C: *through
[09:35] Shai C: IIP at 11?
[09:36] Pasi C: Y
[09:38] Kris 123: http://www.zerohedge.com/news/guest-post-everything-you-know-about-markets-wrong
[09:38] Kris 123: A very good read!
[09:39] r m: Thanks Kris
[09:44] Shares Trader: thnks kris.. i lk is..Tyler Durden
[09:44] Shares Trader: intresting movie it ws
[09:44] Shares Trader: Fight Club
[09:46] Kris 123: @Shai – is this called OAOR?
[09:46] r m: above PDL is back in the range
[09:47] Kris 123: oh – it is determined by yesterday range or value area?
[09:47] Shares Trader: range
[09:47] Kris 123: thanks ST, rm – I am pretty novice in understanding MP!
[09:48] r m: so am I 🙂
[09:48] Shares Trader: 😛
[09:48] r m: @Kris, but you are very good at trading the MP setups 🙂
[09:48] Shares Trader: thts rt rm
[09:49] Kris 123: so Shai would say that there are discussions going on between yesterday sellers today buyers whether to open the gate into yesterday range or not!
[09:49] Shares Trader: chk out Anomaly
[09:49] Shares Trader: 40-54 area
[09:49] r m: yes Kris, though Shai being a man of few words, would say "auction in spike area" 🙂
[09:50] r m: ST is more precise (as usual) 🙂
[09:50] Kris 123: he said we will auction in 5035-5085 area yesterday!
[09:50] Kris 123: considering that I bought 5000CE at open – could get in at 109 – and exited at 118 – above pdh.
[09:51] r m: not bad 🙂
[09:51] Kris 123: may be a bit too early –
[09:51] Shares Trader: i thnk gd exit
[09:51] Kris 123: but took a step in reverse direction as well – which is not sounding right – 5000PE at 82
[09:53] Kris 123: am just concerned if the the small D below O in NF is negligible – and we never touch it again!
[09:54] Shai C: NF/ Bn attempting to stay abv vwap
[09:54] Shares Trader: i thnk if trade survives till 5054..its right trade too
[09:54] Shai C: a move below spike lows has been rejected
[09:55] Shai C: Now we look at 5056/ 5096
[09:55] Shares Trader: only quick rejection is reqd in tht zone
[09:56] Kris 123: but -extension of IB range around 10 is giving the bear in me some hope!
[09:56] Shai C: Ib is still small at 26
[09:56] Shai C: gives hope to another 3IB day
[09:57] r m: @Kris, looks like you sold at 9929 🙂
[09:59] Kris 123: @Rm – 9926 is where I could get in – 9929 must be Shai!
[10:00] r m: lol
[10:01] Kris 123: @Rm – I will reveal one secret to you – dont tell any one – specially Shai!
[10:01] r m: yes?
[10:01] Kris 123: What Shai is doing is – there is no algo tracking – whenever he makes a trade – he marks it algo in these charts – nothing else :):)
[10:01] r m: LOL
[10:03] r m: I remember ST requesting Shai to disclose his trades in the room, he has surely found out a novel way of doing it 🙂
[10:03] Shares Trader: 🙂
[10:03] Kris 123: @Shai – do we assume more or less now that – at 9929 the "ALGO" sold it? 🙂
[10:05] Shai C: yes 100 contracts short
[10:06] Kris 123: @Shai – it is not the data refreshing which is needed – but – you have to press f11 in NOW, or – net position if anything else – to reveal 🙂
[10:09] Kris 123: @Rm – so I guess you understood the default trade size of an "ALGO" 🙂
[10:09] r m: yes 🙂
[10:10] Shai C: no that's not the size
[10:10] Shai C: there were two bigger trades which cancelled out
[10:10] Shai C: somebody absorbed all the buying and traded short
[10:11] Kris 123: 🙂
[10:11] r m: this somebody must be knowing the data coming out at 11 am 🙂
[10:11] Kris 123: thanks Shai – that was really useful – atleast in line with my thinking!
[10:11] Shai C: 9930 is VAH of last week
[10:12] Shai C: 5035 vah NF
[10:12] Kris 123: if RBI has to cut rates – ground has to be prepared – so – today IIP will prepare it?
[10:12] Shares Trader: IIP data @ 11 ?
[10:12] r m: yes ST
[10:13] r m: @Kris, don't expect any preparation from Govt babus 🙂
[10:13] Shares Trader: thnx..whr can we chk economic calender
[10:13] r m: in vtrender's today's page
[10:13] r m: just reset the time to ist
[10:13] Shares Trader: oh i didnt knw tht..thnx
[10:14] Kris 123: @ST – so far my trade is surviving – thanks for the confidence given!
[10:15] Kris 123: any way – having profits sealed is what fearful people like me do – so in BN – half at tsl 9900 – 30 points is nothing for people here – but – popcorn are my food!
[10:16] Shares Trader: nice trade kris
[10:17] Shares Trader: hold on to it
[10:17] Shares Trader: more to come i thnk
[10:17] Tanay B: @shai, from where I can get updates of Future Daily Notes ?
[10:18] r m: @Tanay, https://docs.google.com/spreadsheet/ccc?key=0Aguuu7T3NhX2dG1YbTQ5RUUxS1ZDM09uVHBuVnpYZkE&authkey=CJfi7uAK&pli=1&hl=en&authkey=CJfi7uAK#gid=3
[10:19] Kris 123: this algo factor should be rated close to the 80% rule in terms of trading! – look at the algo sitting prettily at 9929 in BN – and – 5041 &5033 in NF yesterday!
[10:19] Kris 123: thanks Shai and ST for making it possible.
[10:19] Tanay B: thx rm
[10:19] Kris 123: now I know the point of action from the chart – direction any how I can infer from Shai's trading software! 🙂
[10:20] Shai C: and u need fast fingers
[10:20] Shai C: watch 56.14 in the usdinr whicg can set up a move to 56.45
[10:21] Shares Trader: oops
[10:21] Kris 123: @Shai – true – but at the same time – it is alright to be a bit slow – unless they make it move too fast – generally we can take entry in the next bar or so – we dont need to catch all the move
[10:21] Shares Trader: failing
[10:23] Shares Trader: new out or wht
[10:23] Kris 123: please not IB high and vwap band are together in NF – my observation is – it is very difficult for NF to cross that zone
[10:23] Kris 123: *note
[10:24] Kris 123: atleast in 50% of the times – I saw the instrument making 2IB or 3IB on the downside – when it happened.
[10:24] Kris 123: let us see – if it works today 🙂
[10:25] Shai C: Kris at the end of the IB all open auctions will have IBH and vwap band together
[10:26] Kris 123: @Shai – oh! thanks – on hindsight – yes – true!
[10:26] Shares Trader: it gets volatile aftr news
[10:33] Shares Trader: Shai, can u put transparent color fr algo bar
[10:33] Shares Trader: cant see whether its green or red bar
[10:34] Shai C: ok
[10:34] Shares Trader: thnk u
[10:37] Shai C: USDINR abv IB/ vwap
[10:38] Kris 123: @Rm – Shai is saying that the Algo at 9929 did what it did with proper strategy 🙂
[10:38] r m: 🙂
[10:42] Shai C: a 1 min pause whilsat I adjust the charts for algo. we may see a few more
[10:42] Kris 123: 9705 is Friday evening algo – right? – which started the run to 10k?
[10:49] Shai C: 9870 on june 8th
[10:52] r m: @Shai, what can be a good sell for buy above 56.14?
[10:52] r m: *good SL 🙂
[10:53] Shai C: 55.97
[10:53] r m: Thanks
[10:53] Shai C: keep it pending till 56.21
[10:53] r m: ok
[10:58] Deepak C : shai. OFL pl.
[10:59] Deepak C : in BN
[11:01] J C: IIP at 0.1
[11:01] Deepak C : tnx
[11:01] Rahul Goel: so bn rate cut will be thr
[11:01] Rahul Goel: for*
[11:01] Shai C: Thanks JC
[11:01] J C: wc…
[11:02] Shares Trader: THNX JC
[11:02] J C: my pls
[11:03] r m: MMS has managed to beat Jawahar Lal Nehru's "Hindu rate of growth" 🙂
[11:06] Shai C: rate cut
[11:06] Shai C: no other solution
[11:07] Shai C: IIP lower than expectation but abv -3.5 from last time
[11:07] Kris 123: ok – no algo coming up – but – at 9980 – just above val I shorted BN
[11:07] Shai C: val in BN
[11:07] Shai C: time for the seller to come
[11:11] Kris 123: @Shai – seller did come – but popcorn walla – not algo wala 🙂
[11:11] Shai C: inflation tom- what if inflation also rises? 🙂
[11:12] r m: Subbu will take Sanyas 🙂
[11:12] Shares Trader: shorted NF nw
[11:12] Pasi C: inflation rises prices(including stock prices) will also go up
[11:12] Kris 123: @ST – playing the IB band trade?
[11:13] Shai C: Bn is shortabl;e now below 9930
[11:13] Shares Trader: it mathces with IB trade
[11:13] Shares Trader: BN is more clear short..rt shai
[11:14] Shai C: inflation on thurs, not tom
[11:15] Kris 123: ok – from 9980 to 9940 40 points – booked part here.
[11:15] Kris 123: if it wants to bounce from IB high – better to be safe.
[11:15] Kris 123: and – as it is – i am only looking at popcorns – not 1K points! 🙂
[11:16] Kris 123: if upmove has to come – vwap has to be tested – with out that – be open for a sudden visit to pdl!
[11:19] Shares Trader: stop gone
[11:19] Kris 123: ok -in BN added the closed ones here at 9985
[11:21] Kris 123: hmm… 2IB done in NF on upside – so my observation is wrong!
[11:23] Kris 123: [10:49] Shai C: 9870 on june 8th
[11:23] Kris 123: @Shai – thanks – we need to be careful with these beasts 🙂
[11:25] Shares Trader: 🙂 well tht ws my Bday
[11:25] Shares Trader: 8th June
[11:25] r m: Belated Happy Birthday!
[11:25] Rahul Goel: Belated Happy Birthday ST
[11:26] Deepak C : Belated Happy B'day ST, Many many happy returns of the day
[11:26] Shares Trader: 🙂 thnkx
[11:26] J C: no wonder mkts went up. HB ST 🙂
[11:26] Shai C: Belated birthday wishes ST
[11:27] Shares Trader: thnk u shai
[11:28] Shai C: Are u sure you fed the right orders on fri ?
[11:28] Shai C: there were a nos of algos that day
[11:28] Shares Trader: hehe i ws on holiday ..thursday/friday
[11:28] Shares Trader: so may b tht algo were urs 😛
[11:29] Shares Trader: whts Vix ?
[11:29] Shai C: coming down
[11:30] Shai C: 24.5
[11:38] Deepak C : shai, 5066 is wat, yur cursor or sumthng else
[11:38] Shai C: may have been
[11:39] Shai C: USDINR/ NF/ BN at day highs
[11:39] Shai C: something has to give
[11:42] Pasi C: abv IBH BN longs safe?@shai
[11:43] Shai C: make new buy abv 10025 for 10060/ 10091. sl val
[11:43] Pasi C: ok
[11:47] Shares Trader: whts ur guess
[11:47] Shares Trader: i thnk BN /NF may gve up
[11:49] Pasi C: whats the reason ST
[11:49] Shares Trader: USDINR making fresh highs
[11:49] Pasi C: ok
[11:49] Shares Trader: whras BN/NF rotaing near highs
[11:49] Shares Trader: so may b nf/bn wil fail
[11:51] Deepak C : @ST, yes bcos nf is below val, but usd is abv vah, IMO
[11:51] Shares Trader: ys
[11:51] Pasi C: ST r u holding ur NF short?
[11:52] Shares Trader: no..tht hit stop
[11:52] Shares Trader: did fresh
[11:52] Pasi C: ok
[11:52] Shai C: we should stay this zone out today
[11:53] Shares Trader: vwap de do bas
[11:56] Shai C: http://www.vtrender.com/content/mondays-orderflow
[11:58] Deepak C : @ST, so actually those algos in Bn r shorts or longs ? i dont need to disturb master
[12:01] Shares Trader: i dnt hv BN charts deepak
[12:01] Shares Trader: so u need to ask Shai
[12:02] Shares Trader: i dnt trade BN either
[12:07] Deepak C : i bot nf 5050 when those algos came in BN, and booked at5070 when shai pointed out tat all going along
[12:08] Shares Trader: nice trade
[12:08] Deepak C : thats why i was asking
[12:10] Shares Trader: oh..i thoguht u were askign fr BN
[12:11] Shai C: Deepak, whilst these algos are market movers, some times they may not be able to absorb all the volume present
[12:12] Shai C: hence you may find a move in the opp direction immediately after the signal
[12:12] Shai C: they key to undertand is that if there are let's say 500 buy orders in the orderbook and a seller comes and places a sell order for 400 contracts
[12:13] Shai C: then price may still move up despite his order
[12:13] Shai C: to out it shortly direction cannot be predicted as there are smaller orders around the big algo order
[12:13] Shai C: *to put
[12:14] Shai C: our basis is that a large qunatity will move the mkt in a quite zone
[12:14] Deepak C : i m getting the point, its just an additional tool
[12:15] Shai C: Size is king in the world of trading
[12:16] Deepak C : i think its autioning in the minus development area
[12:17] Pasi C: that gap filled and no more minus develpment area Deepak.Isnt it /@shai
[12:18] Deepak C : ok pasi
[12:22] Shai C: yes low volume areas have to be addressed
[12:22] Shai C: it's the market's job to move to efficiency
[12:38] Pasi C: NF did good move compared Bn today
[12:46] Shai C: Nf enetred the prev bal zone
[12:47] Shai C: 5107 possible now
[12:48] Shai C: Bn at POC
[12:48] Shai C: sharp rise in euro
[12:53] Shai C: yesterday's first algo was at 5093
[13:02] Shai C: 5109 now
[13:03] Shai C: Bn to do 10091 abv 10060
[13:10] Pasi C: I was away and just came back now .was that ALGO 10055 BUY/SELL@st
[13:11] Shai C: looks like a sell
[13:11] Pasi C: OK
[13:11] Shai C: could be one of the earlier one's booking
[13:12] Shai C: it's POC
[13:12] Shai C: remember all algos undertand market profile well
[13:12] Pasi C: earlier one means ALGO 10010?
[13:12] Shai C: 9929/ 9949
[13:18] Pasi C: ST holding shorts?
[13:22] Shares Trader: got out pasi
[13:22] Pasi C: ok
[13:23] Pasi C: sl for NF buy plz@shai
[13:29] Shai C: vwap
[13:29] Shai C: Bn should be booked
[13:29] Shai C: Just getting a bit worried withis auction here
[13:29] Pasi C: ok
[13:29] Shai C: I think we may have a fall in the aftrenoon
[13:30] Shai C: inter mkt is at cross purposed
[13:30] Shai C: eyes on vwap from here
[13:30] Shai C: *cross- purposes
[13:31] Shai C: Mkt nor doing a good job of entering the previous balance zone
[13:31] Shares Trader: Shai..Bear spread..hw does it llok
[13:31] Shares Trader: 5000-4900 ?
[13:31] Shares Trader: 25-26 cost
[13:31] Shai C: yes good one
[13:34] Shares Trader: strange day today 😀
[13:35] Shai C: below 5065, bears rule
[13:35] Shai C: may bring 4974 tom
[13:35] Shares Trader: Yvwap attracting sellers
[13:36] Shares Trader: or may b im biasd
[13:36] Shares Trader: im seeing wht i wnt to see 😀
[13:36] Shai C: see that k print in the prev bal zone
[13:37] Shai C: not healthy for long bias if it stays at close
[13:37] Shares Trader: yeah near edge of tht balance
[13:45] Shares Trader: Shai, when is ur b'day ?
[13:46] Shai C: 25th may
[13:46] Shares Trader: arey ho gaya
[13:46] Pasi C: oh belated Happy Birthday Shai&ST
[13:47] J C: yeah Shai belated HB…
[13:48] J C: PB on air talking abt reforms….
[13:48] Shai C: Thanks guys
[13:48] J C: *Pranab Mukh
[13:48] Shai C: 5065 first touch
[13:48] Shares Trader: Belated Happy bdya shai..
[13:49] Shares Trader: hw come no one in room knew it
[13:49] Shai C: 9960 next one
[13:49] r m: @Shai, belated Happy Birthday 🙂
[13:49] Shares Trader: rm apko bhi nahi pata tha 🙁
[13:50] r m: @ST, that is why someone wrote the book "Man are from mars … " 😀
[13:50] r m: We never thought of asking Shai 🙂
[13:50] Shares Trader: right rt
[13:50] Shares Trader: whn is urs ?
[13:50] r m: 20FEB
[13:51] Shai C: 9945 algo
[13:51] Shares Trader: ok..
[13:52] Shares Trader: BN 20Kvolm bars shai ?
[13:52] Rahul Goel: shai can we take any Bn short or wait for OF to go red
[13:52] Shai C: short below IBH only
[13:52] Shai C: ST 17 K
[13:52] Shares Trader: k
[13:53] Shares Trader: 5000 PE gave me hard time today
[13:53] Pasi C: below 5065
[13:53] Shares Trader: traded thirce
[13:54] Shares Trader: evrytime exited near cost n thn it ran away
[13:56] Shares Trader: same with tatasteel
[13:56] Pasi C: ha ha got it rm :0
[13:56] r m: @Pasi, got what?
[13:57] Shares Trader: i ws also wondering
[13:57] r m: 🙂
[13:57] Shares Trader: may b he is reading in betwen lines 😀
[13:57] r m: yeah 🙂
[13:58] Shares Trader: shai, wht r u holding ?if its ok with u
[13:58] Kris 123: @ST – you havent learned it still – Shai gave the answer – he entered at 9945 🙂
[13:59] Kris 123: GA All – logged in just now again 🙂
[13:59] r m: GA Kris 🙂
[13:59] Pasi C: NF gave sell signal?@shai
[13:59] Shai C: ST I have a few credit spreads
[13:59] Kris 123: I am sure he is now trailing at 9975 – just below VAL!
[13:59] Shares Trader: GA kris…Im slow learner kris..may b dyslexic too
[14:00] r m: lol
[14:00] r m: @Kris, it appears that 9945 was a buyer
[14:00] Shai C: he's got 50 great points
[14:01] Kris 123: In retrospective it will be shown that BN did 80% – and vwap test with IB high protecting it – stimulated the buyer to step in!
[14:02] Kris 123: @Shai – have you changed the tsl now to pr1 to seal 50 points?
[14:02] Kris 123: sorry – do you think the algo changed its SL to 9995 to seal 50 points? 🙂
[14:04] Pasi C: got sc rewed up
[14:04] Pasi C: *screwed
[14:04] Shai C: yes has been messay today
[14:04] Shai C: *messy
[14:05] Pasi C: shai did NF print seel@5064?
[14:05] Pasi C: *sell
[14:05] Shai C: yes
[14:05] Shares Trader: messy .. ? its super messy today..
[14:06] Pasi C: cant see in chart shai
[14:07] Kris 123: I dont think this has steam to do 80%
[14:07] Kris 123: so taking some 5000PE at 62
[14:08] Shai C: happens when the signal gets beated by a few ticks
[14:08] Shai C: *beaten
[14:08] Pasi C: 3 rd signal in NF should work?@ST
[14:10] Shares Trader: dunno pasi..i hv mesdd up already
[14:10] Shares Trader: nw staying away
[14:11] Kris 123: @ST – once we find algo – and if it stays above for 1 bar/3 minutes – we should not fight it – my understanding!
[14:11] Shares Trader: Kris..i thnk [asi ws askign abt OFL signal
[14:11] Shares Trader: nt algo
[14:12] Shares Trader: i dnt fight with algo..
[14:12] Shares Trader: algo bar H/L bas
[14:16] J C: shai..current ofl is buy/sell
[14:16] Pasi C: cool
[14:17] Pasi C: Hit all stops
[14:18] Kris 123: [14:01] Kris 123: In retrospective it will be shown that BN did 80% – and vwap test with IB high protecting it – stimulated the buyer to step in!
[14:18] Shai C: both buy
[14:18] J C: k..tx
[14:19] Kris 123: at 10045, the algo got 100 points!
[14:19] Shai C: I think we will continue to have this volatility till RBI
[14:20] Shai C: Poc
[14:21] Pasi C: abv 3IB whats the tgt?@shai
[14:22] Pasi C: VAH?
[14:25] Shai C: abv poc vah
[14:25] Shai C: a third 3Ib day
[14:28] Shai C: a prem of 7
[14:31] Pasi C: bye all
[14:32] J C: mkt running like one rate cut will change things overnite fr better:-)
[14:32] r m: it will run back even faster after the rate cut (if Subbu relents, that is) 🙂
[14:33] J C: i think its being used as an excuse for by operators to amke money fr themselves…
[14:34] r m: yes JC, the trick is to guess what moneybags are thinking and fore-run them – outguess the outguesser 🙂
[14:34] J C: yeah, but its vry diff to trade the unbelievable…:-)
[14:35] r m: 🙂
[14:35] J C: Since Mon have lightened my pos…& doing small intra trades ystrdy & today…
[14:35] r m: Kris is an expert in trading the unbelievable 🙂
[14:36] J C: yup…
[14:36] Pasi C: anybody have experience in claiming F&O trading income in IT returns
[14:36] Pasi C: income/loss
[14:36] J C: ys
[14:36] Pasi C: ok jc
[14:37] Pasi C: your mail id plz will contact u off line
[14:37] J C: firstname.lastname@example.org
[14:37] Pasi C: thnk you JC
[14:37] J C: wc
[14:40] Pasi C: did u recieve my invitation JC
[14:41] Shai C: back to yesterday's levels pre s&P
[14:42] J C: will check pasi..one moment
[14:44] J C: nope pasi haven't got it
[14:45] Pasi C: hmmm email@example.com plz invite me JC
[14:49] J C: pasi r u logged into google talk
[14:50] Pasi C: yes
[14:51] Shai C: below 55.95 we should get 55.71- also IB band trade
[14:52] Shai C: Bn can rush higfher by the close
[14:53] Shai C: 10107- 10150 is the last bal zone
[14:53] Shai C: next HVN abv is 10323
[14:54] Shai C: negotiating pdh now
[14:54] Shai C: 10095
[14:59] Shares Trader: Shai, No algo in NF @2.16 ?
[15:00] Shares Trader: may b after reimporting data can help
[15:02] Shai C: yes 5103
[15:02] Shares Trader: ss
[15:02] Shares Trader: means NT is better at handlign data thn MD ?
[15:02] Shares Trader: it dosnt miss any algo
[15:03] Shares Trader: hv seen ths with MD n Ami
[15:03] Shares Trader: volms looks differnt after reimporting
[15:03] r m: @ST, two ticks with 9200 volumes at 5093.80 and 5090.60
[15:04] Shares Trader: okk
[15:04] r m: 5103 157300 volume – this is the big one at 2:16:35 🙂
[15:04] Shares Trader: s
[15:05] Shai C: this can go to 5212 now
[15:05] Shai C: move below 5160 has failed
[15:07] Shai C: I'll b hedging NF with a 5100 CE write as it is a 3I day tom
[15:08] Rahul Goel: 3 I is because shai since last 3 days it hit 3 IB
[15:09] r m: 3I is when range is 3 times Initial Balance
[15:09] r m: on one side 🙂
[15:09] Rahul Goel: ooh okay thanks rm
[15:10] Shai C: yes rahul and as a follow up see the day lows and highs
[15:10] Kris 123: 10145 is around – Mr. Algo take 200 points for the day!
[15:10] Rahul Goel: okay thanks shai
[15:11] Shai C: Hindsight!!! That single print in the bal zone made me think 4975 . whereas at 5065 it was a great buying opp
[15:12] r m: @Shai, but your OF did not miss the point 🙂
[15:12] Shares Trader: s day totally trickd
[15:12] Kris 123: @Shai – I had the hedge – 5100CE retraced back to 110 🙂
[15:13] Kris 123: that is the idea of booking only 50% – and – yesterday afternoon I said that we should retain bullish bias till 4914 is protected – hope it was of use to some one!
[15:13] Shai C: actually this move abv 5080 to 5123 did not happen earlier resulting in that single print
[15:13] Shai C: mkt took a turn but came back to rip through the balance area
[15:14] Shai C: and the 5030- 5080 zone has decent volumes now
[15:14] Kris 123: @Rm – I think algos part booked at the vwap band – and must be trailing rest at poc
[15:15] Shai C: so the auction played out welll except that detour from 5093
[15:15] Kris 123: I should say "ALGO" 🙂
[15:16] r m: at last a sell in USD too
[15:19] Pasi C: [14:51] Shai C: below 55.95 we should get 55.71- also IB band trade
[15:25] Shai C: es not settled still even though there has been a bounce off 1297
[15:25] r m: dpoc moves up
[15:25] Shai C: a retest is expected
[15:27] Shai C: sold 5100 ce at 105 against NF longs
[15:27] Shai C: sl 5060 tom
[15:28] Shai C: a 3 I day tom should gibe highs in the first hour
[15:28] Shai C: there great executions on 3I days in 3 days
[15:29] Shai C: looks like the mkt will get back to the long BN short NF trade till RBI
[15:30] Shai C: closing swing 5131- 5118
[15:30] r m: Thanks Shai & friends, bye all 🙂
[15:31] Shares Trader: bye all
[15:31] Shai C: bye all