*** Shai **, Welcome to the Vtrender conference room!
[08:55] r m: Good Morning folks!
[09:01] Pasi C: GM rm
[09:02] Shai C: Gm all
[09:02] r m: Hi Pasi, Shai
[09:04] Kris 123: Gm All 🙂
[09:04] r m: Hi Kris 🙂
[09:04] r m: some fireworks going on in pre-markets
[09:05] Kris 123: Hi Rm – so – do we do 4500 now? 🙂
[09:05] r m: lol
[09:07] Kris 123: btw, I guess Mulayam and Mamata bought huge puts yesterday morning – and – then announced the names in the afternoon 🙂
[09:07] r m: i thought i will buy truckloads of 4900CE but the damned thing came back to 5100 🙂
[09:08] Kris 123: so now you can buy truck loads of 4900PE – it is the same – in a sense 🙂
[09:08] r m: 🙂
[09:10] Shares Trader: Hello Guys
[09:10] r m: Hi ST 🙂
[09:11] Kris 123: Hi ST 🙂
[09:12] Shares Trader: hi RM/KRIS
[09:13] Shares Trader: wht u expctign kris today ?
[09:13] Kris 123: we make the low in IB – and close at highs 🙂
[09:14] Shares Trader: ok
[09:14] Shares Trader: u hv some LF/HF stats fr ths
[09:15] r m: Kris's friends (from Mauritius) bought truckloads of index futures yesterday!
[09:17] Kris 123: Shai asks us to ignore first minute algos – so – nothing much to state – but I got into NF short at 5121 – so I have no connection with the algo.
[09:17] Shares Trader: thr is no open conviction atall
[09:17] Shares Trader: so m not yet into open trade
[09:17] Kris 123: @Rm – you are true – there is a small typing mistake – You misspelled Shai and typed it as Kris 🙂
[09:18] Shai C: opening swing 5124- 5112
[09:18] Shai C: another OAIR can play out
[09:19] r m: @Kris 🙂
[09:20] Rahul Goel: Hello all Gm
[09:20] r m: Hi Rahul
[09:20] Rahul Goel: GM rm, kris, shai and ST
[09:20] Shares Trader: hi Rahul
[09:20] Shai C: Bears are most active nowadays in pre markets!
[09:21] r m: yes, today they were so happy as if getting salmon showers 🙂
[09:21] Shares Trader: heheh
[09:21] Shai C: I think consistently for 3 days levels of 49xx being printed
[09:21] Shares Trader: i doubt if anyone take premkt moves seriously
[09:21] Shai C: only NSE
[09:21] Shares Trader: 🙂
[09:22] r m: only the premarket close needs to be taken seriously, that has helped us avoiding LC and UC, which big money bag can easily produce unless balanced by institutes
[09:24] Shai C: backgrond for todat is balance area
[09:25] Shai C: exit of value and range is the trade
[09:25] Shai C: big news flow ahead on the weekend
[09:25] Shares Trader: NF open exactly in VA n middle of range
[09:25] Shares Trader: BN opend @ lower side of VA
[09:25] Shai C: Greece results due by 9.30 IST sunday
[09:25] Kris 123: @Rm – did some one tell you yesterday that he is suspecting Shai and friends have written 5100CE and PE?
[09:25] Shai C: 9.30 pm
[09:25] Kris 123: is today RBI meet?
[09:26] r m: Thanks Shai
[09:26] r m: @Kris, today inflation data
[09:30] Rajkumar S: shai sir , now we enter sell in nifty or wait?
[09:36] Shai C: Rajkumar, mkt is not having a direction at the moment
[09:37] Shai C: you can enter below 5099 today or keep a sl of 5140 here
[09:42] Tanay B: gm to shai,rm,kris & all others
[09:43] r m: Hi Tanay
[09:46] Shares Trader: Vix RM plz ?
[09:47] r m: 25.03
[09:47] r m: 25.03
[09:47] Shares Trader: up/down /
[09:47] r m: up .67
[09:48] Shares Trader: thnx
[09:48] r m: welcome
[10:03] Ravi Vrindavan: rm….can we trade commoditiy through mobile..
[10:05] r m: @Ravi, depends on your broker and which software you are trading thru
[10:06] r m: most of the brokers have got mobile applications
[10:06] Ravi Vrindavan: rm …not started….
[10:07] r m: which broker you are trading with in fno
[10:07] Ravi Vrindavan: how much may be the brockerages…for crude and copper
[10:07] Ravi Vrindavan: fno is with zerodha…
[10:07] Ravi Vrindavan: and also an ac with aditya birla
[10:08] Ravi Vrindavan: aditya birla says 380 as brockerage for both side
[10:08] r m: zerodha has got nest trader for commodities, you can check with them if commodity trading is available on mobile, their fno trading is available on NOW mobile
[10:08] r m: @Ravi, just say good bye to aditya birla 🙂
[10:09] Ravi Vrindavan: ys fno is available…but commodity they says not started
[10:09] r m: rkg will charge you Rs 18 per lot on both sides
[10:09] Ravi Vrindavan: ys ys i already said goodbye to aditya birla
[10:09] r m: good 🙂
[10:10] r m: angel has got mobile application but brokerage is by negotiation
[10:10] Ravi Vrindavan: rm my problem was …i cant sit infront of home pc after 4pm,…thats why trying for a solution for it'
[10:11] Ravi Vrindavan: in commodiy needs upto 11.30
[10:11] r m: yes Ravi, i have dropped commodity trading because it is just not possible to monitor for such long hours
[10:12] Ravi Vrindavan: is it rm…u r not trading in commodity…
[10:12] r m: no, not since last 4-5 months
[10:12] Ravi Vrindavan: oh…my only hope is with u on that …
[10:13] r m: lol
[10:13] Ravi Vrindavan: now with bn and nifty only ..rm
[10:14] r m: i thinks copper is very good to trade on OF, just check historic OF signals on twitter or performance sheet on twitter – for trading 1000- 2330, you need to follow a mechanical system blindly
[10:15] r m: @Ravi, only nifty and USDINR now
[10:15] Ravi Vrindavan: ys rm…i watch its performance …after that i got an idea about trading on that …
[10:15] Ravi Vrindavan: but my expectation was u r with that
[10:16] r m: i just can't stay alert for such long duration 🙂
[10:16] r m: then one needs time for some fun too 😀
[10:16] Ravi Vrindavan: rm …in usd inr …ir we got .30 …that how much profit on onelot >
[10:16] r m: 300 bucks – costs
[10:17] r m: .10 is good enough in USDINR for a reasonable profit
[10:17] Ravi Vrindavan: is it …
[10:17] Ravi Vrindavan: .10 means….100rs for one lot?
[10:17] r m: yes, 100 bucks per lot against a margin of 1500 approx.
[10:18] Ravi Vrindavan: rm…u r trading with of
[10:18] r m: yes, of or Shai's comments
[10:19] Ravi Vrindavan: time is same…9.15 to 3.30?
[10:20] r m: .10 point on USDINR is roughly equivalent to 20 points in NF
[10:20] r m: 0900- 1700
[10:20] r m: office time 😀
[10:20] Ravi Vrindavan: thats a good time
[10:21] Ravi Vrindavan: rm u means …] r m: .10 point on USDINR is roughly equivalent to 20 points in NF
[10:21] r m: yes
[10:21] Ravi Vrindavan: 1 lot nifty is equal to …howmuch lots of usdinr
[10:22] r m: roughly 20 lots marginwise
[10:22] Ravi Vrindavan: thanks rm…this may be a turning point to me….
[10:23] r m: 🙂
[10:25] Ravi Vrindavan: i already drop the commodity….when i know u r not trading on that ..
[10:25] Ravi Vrindavan: ha h a…..now a look on usd irn
[10:25] r m: lol
[10:30] Ravi Vrindavan: Buy USDINR @ 55.7200 at 14:49:08, Information: USDINR : at pr1 @ 55.8975 ..means 17points…profit …is it rm
[10:30] Ravi Vrindavan: sl may be neares ps1 or ps2 ..same as nifty of …is it rm
[10:30] r m: yep 🙂
[10:31] Ravi Vrindavan: what abut the overall past performance on that rm….
[10:31] Ravi Vrindavan: cant seen in site
[10:31] r m: yes, same priniciples but I don't put the sl in system for USDINR
[10:31] r m: just check history of V2OF twitterhandle on your twitter page
[10:32] Ravi Vrindavan: twitter handle …means ….
[10:32] Shai C: 10003 has algo
[10:32] r m: i think there have been only 4 or 5 signals so far!
[10:33] Ravi Vrindavan: [10:31] r m: yes, same priniciples but I don't put the sl in system for USDINR..why rm….then when we book….at next powerpoint
[10:33] Shai C: BN is showing bearish intent today
[10:33] Shai C: below VAL
[10:34] Shai C: and below CHVN at 10068
[10:34] r m: both ICICI and BN poised at IBL
[10:34] Shai C: 9945 is the pull back low in BN
[10:34] Shai C: will be a magnet below 10000
[10:41] Shai C: 5100 has more calls today than puts
[10:41] Shai C: 5000 pe continues to add
[10:43] Shai C: good additiona at 5200 pe also
[10:48] Kris 123: [09:17] Kris 123: Shai asks us to ignore first minute algos – so – nothing much to state – but I got into NF short at 5121 – so I have no connection with the algo.
[10:49] Shai C: BN
[10:49] Shai C: 9985
[10:50] Shares Trader: news out ?
[10:50] Shares Trader: inflation num ?
[10:51] Kris 123: covered half here – remaining tsl at vwap+2 points!
[10:51] Shai C: it's at 12
[10:51] Shares Trader: ok
[10:56] Kris 123: @Shai – if you would be kind enough to let us know when you & your friends cover those 5100CE+PE we will be able to take the next trade! :):)
[10:56] r m: @Kris, when VIX closes below 20 🙂
[10:58] Shai C: Kris why do you want to run with the index all the time?
[10:58] Shai C: give it some time to breathe
[10:59] Shai C: 🙂
[10:59] Shai C: Looking at a 6 month chart of WPI, shows a slightly upward curve since march
[11:02] Kris 123: @Shai – wish you say the same thing to the people who trade those 1K points – popcorn wala jo 15-20 points keliye trade karta hain – woh bhee aapko thakavat deti hain? 🙂
[11:03] Shai C: http://eaindustry.nic.in/
[11:08] Shai C: Kris, we know when you buy long dated calls the mkt will trend and when you talk popcorn the mkt will stay put
[11:08] r m: 🙂
[11:21] Kris 123: BTW, Goldman Sachs says that India is an unattractive destination – coupled with relentless FII selling in May – I request all bears to be really cautious – we may soon see all time highs in NF 🙂
[11:21] Kris 123: http://ibnlive.in.com/news/india-an-unattractive-destination-goldman-sachs/265949-7.html
[11:22] r m: GS is very truthful, always declares its intent in advance 🙂
[11:24] Shai C: looks like all the bills would be laid at the door of MMS
[11:24] Shai C: very easy to blame a guy who does not have a voice
[11:24] r m: lol
[11:25] r m: The goddess he serves is also deaf and dumb 🙂
[11:26] Kris 123: @Rm – you are forgetting that in Indian Mythology we attribute omnipresence and omnipotence to Goddess – even though the physical appearance of a statue suggests the contrary !
[11:26] r m: 😀
[11:27] Shai C: It's sad to see MMS like this
[11:27] Shai C: all the annas and the didis and the bhaiyas and after him now
[11:28] r m: @Shai, he cornered all the credit for Narsimha Rao's reforms, now he deserves the discredit too 🙂
[11:29] Kris 123: If India is a cake celebrated for its collossal failure to seize the opportunity, Andhra Pradesh takes the icing – and Hyderabad becomes the cherry at the top!! 🙂
[11:29] Shai C: inflation out?
[11:30] jiignesh -: GM all
[11:30] Kris 123: @Rm – very true – probably people atleast realise now the value of what PV did to the country! 🙂
[11:30] Kris 123: GM Jiignesh 🙂
[11:30] Kris 123: @Shai – can you suggest buying/short covering which happened in these 2-3 min?
[11:30] r m: Hi jiignesh 🙂
[11:31] jiignesh -: hi kris
[11:31] jiignesh -: hi rm
[11:31] Shai C: PV is remebered for the fact that 1 CR could be put in a suitcase
[11:31] r m: 🙂
[11:31] jiignesh -: what happend
[11:34] Kris 123: @Jiignesh – nothing much Shai wanted to say 80% done in NF 🙂
[11:34] jiignesh -: ok
[11:36] r m: single tick of 102650 @ 5132.20
[11:40] Kris 123: Algos at 10086?
[11:41] Kris 123: My sell price 10082 – so that is not me!
[11:41] jiignesh -: lol
[11:42] Kris 123: Will Shai say below IB high – there is reverse 80% possibility in NF ? 🙂
[11:43] Kris 123: i will SAR at 10115 – just in case I got the direction wrong with Shai and his friends 🙂
[11:45] jiignesh -: BN buy sms came @shai… buy or wait?
[11:45] jiignesh -: @SHAI chart not showing
[11:46] jiignesh -: ?
[11:46] r m: OF tweets are generated by another system in Shai's office, which is more foresighted 🙂
[11:46] jiignesh -: lol
[11:47] jiignesh -: quick
[11:47] Kris 123: hmm.. dont know how to handle this – OF buy at 10077 – and – so may be it is not aware of Mauritius intervention or… is it preempting the entry? 🙂
[11:51] r m: @Kris, not aware of Mauritian intervention? have you forgotten the famous quote "…. contradiction do not exist" 🙂
[11:51] Shai C: Buy Bn only abv poc 10090
[11:51] Tanay B: @shai, sl for bn buy @10077 ?
[11:51] jiignesh -: TY
[11:51] Shai C: sl would be 10030
[11:53] Shares Trader: Shai, algo in BN looks lk sellers ..rt
[11:53] Kris 123: @Shai – till 10100 is crossed not to get into longs is better!
[11:53] Shares Trader: inflation out kya ?
[11:54] jiignesh -: fired…
[11:54] r m: 7.55%
[11:55] Shares Trader: omg..so it ws sellers algo in BN
[11:55] Kris 123: closed 50% at 10015 – and rest trailing at 10040 just above vwap
[11:56] Shai C: 7.55 v/s 7.23 prev
[11:56] Kris 123: [11:41] Kris 123: My sell price 10082 – so that is not me!
[11:56] Kris 123: moving tsl to 10020 – just above ib low
[11:57] Kris 123: i am a popcorn player – not some one who can catch 1000 points at once!
[11:58] jiignesh -: aab to koi 9981 la DO
[12:00] Kris 123: done!
[12:00] Kris 123: 5000PE 46-56 also done – exited the whole trade.
[12:00] Shares Trader: thr is consistent pressure in NF @ 5130-40
[12:01] Kris 123: I suddenly see the aliens everywhere – the black flags at the top and bottom as well – dont know how to deal with it – will wait till Shai shares his screen 🙂
[12:04] r m: below pdl
[12:05] Kris 123: it is luring – got into longs at 9928
[12:05] r m: @Kris, so you are that last algo (half invisible) 🙂
[12:05] Shai C: big volumes
[12:07] Shares Trader: whst NF exactly
[12:07] Kris 123: @Rm – if you start counting popcorns as algos – then index will paralyse 🙂
[12:07] r m: lol
[12:08] r m: icicibank first fell from the cliff, now rock climbing 😀
[12:08] Kris 123: ok – 50% trail at 9950 and remaining at cost – this is just a vwap band trade – we should have only popcorn expectation
[12:12] Shai C: failure to go above 5101 now will bring 5083/ 5060/ 5047
[12:12] Shai C: 5083 was a n LVN
[12:14] Shares Trader: why i cant see charts
[12:14] r m: @ST, perhaps bandwidth trouble?
[12:15] Shares Trader: my msgs appear late here
[12:16] r m: yes that happens when you are short of bandwidth
[12:16] Shares Trader: late by eaxtly 1 min
[12:18] Shares Trader: okk..so whts solution
[12:19] r m: if you have another internet connection, you can try that
[12:21] r m: the guy who bought 194400 @ 5085.95 got worried on reading Shai's comment regarding failure to reach above 5101 and immediately caused it to go beyond that 🙂
[12:32] Shai C: all thos e massive volumes which trade on news flow will be on edge for every 10 point movement
[12:33] Shai C: 5096/ 5092
[12:40] Shai C: neutral day again
[12:43] Shai C: but 5100 pe showing reductions now
[12:43] Shai C: 5120 is the higest volume for the entire rise
[12:44] Shai C: too early to call for a change, but bears are coming in
[12:46] Shai C: a break below 5060 NF will make some bears confident
[12:47] Shai C: OI players will note the work done on 5100 CE today after the moves at 5200 CE all this week
[12:48] Shai C: as an OI player you monitor the movement of strikes 100 points lower or higher
[12:50] Shai C: also note 4900 pe showing reduction
[12:51] Shares Trader: hi again
[12:51] Shares Trader: yp..nw working
[12:51] r m: welcome back 🙂
[12:52] Shares Trader: 🙂
[12:53] Pasi C: Too many ALGOs in BN
[12:54] Shares Trader: http://i50.tinypic.com/2zny1w3.png
[12:54] Shares Trader: merged profile
[12:54] r m: Thanks ST!
[12:56] Shares Trader: WC
[12:56] Shares Trader: shai..P shaped ?
[12:56] Shares Trader: with baalnced profile @ top
[12:56] Pasi C: 5 ALGOs in a row in BN?@rm/ST/shai
[12:57] Pasi C: @9960
[12:57] Shares Trader: if tht breaks can we eye 5000 ?
[12:58] Shares Trader: GTG guys..net problms
[12:58] r m: bye ST
[13:17] Shai C: the way the market should percieve the inflation data is that the rate cut will be token and minimal
[13:18] Shai C: That expectation is already in the BN price now
[13:21] Shai C: that 9960 algo is determined to keep BN lower
[13:36] Shai C: too many algos in BN these days
[13:37] Pasi C: is ALGO stable now?&we can execute all ALGOs@shai
[13:41] Shai C: yes
[13:41] Pasi C: ok
[13:41] Shai C: Pasi- the thing with these algos is that some are short term for a few points and some are large swing ones
[13:41] Shai C: we cannot tell the diff
[13:42] Pasi C: ok
[13:42] Pasi C: I feel its good for scalping and we can trail with the help of OF@shai
[13:43] Shai C: you can play for a few points like ST does or use them as support/ res levels
[13:45] Pasi C: ok
[13:52] r m: vol 169450 @ 5074.70
[13:52] Shai C: 9765 supp for BN now after a small bounce
[13:53] Shai C: this looks like a big sell day for FII's today
[13:53] Shai C: FII data will be intersting
[13:54] r m: bye guys, have to deal with babudom (inflated electricity bill), will be back by close 🙂
[13:55] Shai C: Bye RM
[14:01] Shai C: 9960 seller has his way
[14:01] Shai C: 5060 to watch
[14:03] Kris 123: interesting to note that shai quotes only the 9960 fellows way – and not the 10086 fellow 🙂
[14:03] Kris 123: Good Afternoon all 🙂
[14:09] Shai C: 5065 low
[14:10] Kris 123: @SHai – now that we are trading below the lowest algo as well – should we consider closing at lows?
[14:10] Shai C: yes neutral extreme high probability
[14:18] Shai C: 5060
[14:18] Kris 123: @Shai – you think that 9860 algo buyer few days back is trying to hold things here?
[14:19] Shai C: he must have booked out
[14:20] Kris 123: If I remember right – if he gives in – we should be looking at the 9705 buyer!
[14:22] Shai C: this is a big point for NF at 5060
[14:23] Shai C: as it erases the buy effort on tues
[14:23] Shai C: 5060 pull back low- we have hit it to the tick
[14:27] Shares Trader: GA All
[14:28] Shai C: today's low is USDINR still the HVN of 55.65
[14:30] Shares Trader: 3IB already done in NF
[14:32] Shares Trader: belwo 5060..direct 5000 ..Shai?
[14:32] Shai C: yes 5004/ 4975
[14:37] Shares Trader: Kris here ?
[14:37] Rajkumar S: shai sir , i register my another reliance number(airtel sms very late) for sms in twitter , your status is pending in V2OF,please accept
[14:40] Rajkumar S: i did follow from V2OF, it still pending status
[14:40] Shai C: twitter id?
[14:41] Rajkumar S: rajsundaram81
[14:41] Shai C: done
[14:42] Rajkumar S: ok thanks
[14:46] Shai C: The break of that balnce zone around 5100- 5130 should give an immediate tgt of 120 points
[14:46] Shai C: that would put the mkt back at 4970/80 per MP theory
[14:49] Shai C: first step would be sustaining below 5060 which it is not managing currently
[14:51] Shai C: OI picture continues to show puts leaving 5100 strike
[14:51] Pasi C: 120 points means 5100-120 or 5130-120 @shai
[14:51] Shai C: what is surprising is the reduction at 4900 pe
[14:51] Shai C: from the lows of the bracket
[14:51] Pasi C: ok
[14:55] Deepak C : @shai, will u post whenever have time, a primer on things like-"puts leaving 5100 strike", "reduction at 4900 pe", how to decipher ?
[14:59] Shai C: it's from the NSE site
[14:59] Shai C: 30 mins to go- we are looking at a neutral extreme and playing a close at the lows
[15:00] Kris 123: @ST – I am back – if you are here 🙂
[15:00] Shai C: http://www.nseindia.com/live_market/dynaContent/live_watch/option_chain/optionKeys.jsp?symbolCode=-10007&symbol=NIFTY&symbol=NIFTY&instrument=-&date=-&segmentLink=17&symbolCount=2&segmentLink=17
[15:00] Shares Trader: s
[15:01] Shares Trader: wntd to knw ur analysis of Options/Fii data
[15:01] Deepak C : @shai,i was asking how to understand
[15:01] Kris 123: @St – I am hopeful of repeat of Jan 12 this month.
[15:04] Shares Trader: okk
[15:04] Shares Trader: u mean big rally
[15:05] Kris 123: yes – as long as 4900 holds! 🙂
[15:05] Shares Trader: k..thnks
[15:12] Shai C: 5051
[15:15] Kris 123: [14:10] Shai C: yes neutral extreme high probability
[15:15] Kris 123: held on to the puts and BN tightly with that hope
[15:15] Pasi C: bn ALGO
[15:16] Kris 123: booked those peanuts at 75 – from 56 – enough for a popcorn luncher!
[15:23] r m: back
[15:23] Shares Trader: WB…mtk makers were waitign fr u to close it 😀
[15:23] r m: lol
[15:24] Shai C: 5085 is res tom
[15:24] Shai C: more weakness if we open below 5025
[15:24] Shai C: neutral extreme playing to a beauty
[15:25] Kris 123: yes Shai – looks the algo at 9838 looks like profit booking by the player at 10086 – 250 points must have been difficult to digest 🙂
[15:26] Shai C: ST you able to place orders on NEST?
[15:26] Shares Trader: ys
[15:26] Shai C: just got a call that nest is down from ahmedabad
[15:26] Shares Trader: jst coverd my shorts
[15:26] Shares Trader: i had problm in noon
[15:27] Shai C: ok
[15:27] Shares Trader: ticks were comign in bunches n screen went idle
[15:27] Shai C: some server issues
[15:27] Shares Trader: may b differ frm broker to broker
[15:27] Shai C: dpoc moved lower in the close
[15:27] Kris 123: I am not liking the movement below 5060 – so I am carrying some 5100CE at 70!
[15:28] Shares Trader: may b rt kris..
[15:28] Shares Trader: i too saw lot of offers in 5k/4900 PEs
[15:28] Shares Trader: bt m not carrying any longs
[15:28] Kris 123: any way Shai will come to the rescue – next day of 3I day the bottom comes in first hour 🙂
[15:29] Shai C: big boys are sellers today
[15:29] Shai C: kris happening too frequently this week
[15:29] Shai C: law of averages will catch up
[15:30] Shares Trader: bye guys..
[15:30] Shai C: I think we had 4 of 3I days in past 5-6 sessions
[15:30] Pasi C: bye all
[15:30] Shai C: Bye
[15:30] r m: Thanks friends, bye all, have a great evening 🙂
[15:31] Kris 123: Bye All 🙂
*** Shai **, Welcome to the Vtrender conference room!