[08:40] Pasi C: GM all
[08:45] J C: GM folks!
[08:45] J C: HI Pasi…
[08:46] r m: Good Morning folks!
[08:46] r m: Hi Pasi, JC 🙂
[08:46] J C: Hi Rm:-)
*** Shai C, Welcome to the Vtrender conference room!
[08:48] Shai C: GM all
[09:03] Pasi C: Hi rm
[09:07] Shai C: mkts have quitened after the first news from Greece
[09:07] Shai C: expected open type is – OAOR
[09:07] Shai C: that means you should get plenty of time to adjust to the morning
[09:08] Shai C: event risk is RBI now
[09:09] Shai C: next up this week – g20 summit ( non event) and FOMC ( could give signs of more QE)
[09:10] Arun Madan: Hi GM to all
[09:10] r m: Hi Arun
[09:11] Shai C: Focus on 5200 calls for tghe first 3 days of this week from an OI perspective
[09:11] Shai C: a cut there would mean a big positive week
[09:12] Shai C: current OI is 67.3 L
[09:13] Shares Trader: Gm All
[09:14] Shares Trader: Hi Shai/RM
[09:14] r m: Hi ST 🙂
[09:23] Shares Trader: RBI meet today..rt ?
[09:23] r m: yes
[09:26] r m: 11:00 Indian Interest Rate Decision Forecast – 7.80% Previous – 8.00% (courtesy Forexpros global economic calendar)
[09:27] Shares Trader: thnx
[09:29] Shai C: so that's a 25 bps cut
[09:30] r m: yes, forexpros editors don't know that we operate in 25bps installments 🙂
[09:35] Shares Trader: isnt it expectd ?
[09:35] r m: yes
[09:36] r m: forecast is the word they prefer to use
[09:49] Shai C: 16 point IB
[09:49] Shai C: OAOR plays out
[09:50] Shai C: 1-2 jerks ahead and post RBI expected
[09:50] Shai C: to shake out trades
[09:50] Shai C: vix is down 3
[10:05] Kris 123: Gm All 🙂
[10:06] r m: Good Morning Kris 🙂
[10:11] Shai C: 16 point IB as IB hour closes
[10:13] Rahul Goel: Hello all GM
[10:13] Rahul Goel: shai any good option strategy for the comming hour
[10:16] Shai C: sell 5200 ce and buy NF with 1: 2 ratio
[10:17] Shai C: sorry 2: 1- 2 lots of 5200 ce against 1 lot of nf
[10:18] Rahul Goel: okay thanks
[10:18] Kris 123: @Rm – the 5000CE we were watching at 40 – is now at 200 🙁
[10:19] r m: 🙂
[10:19] r m: Patience needs to be imported somehow 🙂
[10:20] Kris 123: and – this – even after knowing what is coming!
[10:25] J C: to be or not to be….will always be an eternal question:-)
[10:25] r m: 🙂
[10:25] Shai C: Yes I agree, if only the markets could pay us for having a right view!
[10:26] r m: lol
[10:26] Shai C: but then they tell us to put our money where our view is
[10:26] J C: and ten go the way where the least amt of views are pointing:-)
[10:28] Kris 123: @Shai – if we have the right view and still not acting – it is a poetic justice in market not paying us – if we dont believe ourselves – why should market believe in us? 🙂
[10:29] r m: That old man Shakespeare must have been a good trader 🙂
[10:31] Kris 123: so – finally it boils down to our actions – nothing else – market as it is – exists only as a metaphor – we are rewarded/punished for our actions – nothing else! 🙂
[10:32] r m: Karmanye Vaadhikaraste – so much like trade your setups and don't worry about results 🙂
[10:32] J C: but Kris right or wrong is at best circumstantial & based on perceptional fallout….like evrythn in life:-)
[10:32] J C: As tey say…all tat ends well is well.
[10:34] Kris 123: yes JC 🙂
[10:34] J C: the real question is whether the hare would have slept again, if tere was a second race with the tortoise….:-)
[10:35] J C: & hence the volatility…
[10:35] Kris 123: @JC – but Ramalinga's cat did stop drinking milk 🙂
[10:36] J C: the real mystery 🙂
[10:37] r m: @Kris, not aware of the ups and downs in the life of Ramalinga and his cat 🙂
[10:40] Kris 123: @Rm – Krishnadeva raya once asked ashta diggajas to adopt a cat and treat it well – and he said that – he will give the milk and other expenses.
[10:40] r m: ok
[10:41] Kris 123: He said that he will punish the people who do not treat the cat well ( Why is another story – relating to Krishnadevaraya's mother) 🙂
[10:41] Kris 123: So, every one started to fear for their life – and – started treating the cat really well.
[10:42] r m: aha!
[10:42] Kris 123: Ramakrishna started to take a lot of money and milk – but started using the entire thing for himself
[10:43] Kris 123: His cat started to get weaker and weaker – and – as Ramakrishna himself is very friendly – some one complained to Krishnadevaraya that Ramakrishna is not treating the cat well.
[10:44] Kris 123: Krishnadevaraya asked Ramakrishna to show the cat
[10:44] jiignesh -: GM all
[10:45] r m: Hi jiignesh 🙂
[10:45] Kris 123: Ramakrishna brought a very weak cat – and told Krishnadevaraya that – the cat out of sorrow that Krishnadevaraya's mother expired – is not taking milk!
[10:45] r m: lol
[10:45] Kris 123: Krishnadevaraya was surprised – and said – bring a bowl of milk and put it before the cat –
[10:46] Kris 123: the cat the moment it saw the milk – it ran away!
[10:47] Kris 123: Well – it has to – daily Ramakrishna is giving her boiling milk – and the moment it keeps the mouth in the bowl – the cat's mouth was burning!
[10:47] r m: 🙂
[10:48] Kris 123: @Rm – but honestly I dont believe this story – if a cat can learn this – why does the retail in market do not do it – even now? :):)
[10:49] r m: perhaps cat did not dream too much 😀
[10:49] j w: because it is one cat. Retail market is a new cat born every minute.
[10:50] r m: 🙂
[10:50] Kris 123: @jw – good one!
[10:50] j w: 🙂
[10:51] Kris 123: but I thought that the cat is symbolic of retail – where they take their chances when they should not – and dont take when they have to 🙂
[10:53] J C: coz for evry cat…tere is a ramalingam also:-)
[10:53] r m: 🙂
[10:54] Shai C: 5 mins to RBI
[10:54] Shai C: see BN starting to shake
[11:00] Shai C: that 1st jerk has come
[11:00] Rahul Goel: any news
[11:00] Shai C: unchanged
[11:01] jiignesh -: omg
[11:01] Pasi C: no change in crr
[11:01] J C: no change in repo
[11:02] Pasi C: bn sell@9934?
[11:02] J C: 5200 ce from 65 to 31
[11:02] Rahul Goel: i did take some 5000 put
[11:02] jiignesh -: shit bn
[11:02] Kris 123: has been a good morning!
[11:02] J C: rbi to keep omo happening
[11:02] Kris 123: could get 5100PE from 40 to 74
[11:02] J C: yr Kris..i was also shrt since mrng…
[11:03] J C: ys
[11:03] jiignesh -: shai short in bn should be taken noe
[11:03] jiignesh -: now
[11:03] Pasi C: bn sell @9934 or 9834?@shai
[11:03] jiignesh -: ?
[11:04] Shai C: let it settle
[11:04] Shai C: there should be one more jerk
[11:04] jiignesh -: down side?
[11:04] Shai C: not priced by the mkt
[11:04] Shai C: so sell should be right
[11:04] Shai C: mkt disappointed
[11:04] jiignesh -: yes
[11:05] Shai C: 25 bps was expected
[11:05] jiignesh -: earned 100
[11:05] jiignesh -: omg i am very happy after signal gave me 100pt
[11:05] jiignesh -: out waiting 4 next entry
[11:06] Kris 123: trying 5100CE at 58
[11:06] Pasi C: anybody sold the BN ALGO?
[11:06] jiignesh -: that 4-5 algo are buy?
[11:07] Kris 123: I guess I earned the right – 5100PE doubled in 20 min time 🙂
[11:07] Shai C: no that is panic volumes
[11:07] jiignesh -: ok
[11:07] Shai C: news based
[11:07] Pasi C: 400 points on BN ALGO
[11:07] Rahul Goel: hey kris even 5000 PE
[11:08] Kris 123: out at 68
[11:08] Kris 123: VAL touch – not worth risking.
[11:08] Kris 123: 58-68 is peanuts – I am fine with them!
[11:09] jiignesh -: shai any resell level?
[11:10] Kris 123: @Jiignesh – good morning – an uncalled for suggestion – dont try too much shorts! – this month will be more like January of this year!
[11:10] jiignesh -: na na na na
[11:10] jiignesh -: this month will be disaster
[11:10] r m: Thanks folks for sending some traces of rains to north 🙂
[11:11] Shai C: the big reactiopn should come in another 30 mins as brokerages send messages out
[11:11] Shai C: that will be the correct move
[11:11] Shai C: it's a known fact that post RBI we get 1000 points in BN
[11:12] jiignesh -: yes…
[11:12] Kris 123: @Shai – you mean – 9K is on cards? 🙂
[11:12] Shai C: at the moment it's a big sell with reversal at 5155 NF
[11:12] Shai C: a failed breakout based on current price
[11:13] Shai C: globe is expected to be up, so it will be tricky positioning from here
[11:13] Dr Bansal *: Dear Shai,Bought crude oil 4705 above pr3.what should be the Tgt and SL.
[11:13] jiignesh -: @kris look shai is my side
[11:13] Kris 123: @Jiignesh – but still – I have to trade my convictions – no alternative 🙂
[11:13] jiignesh -: right…
[11:14] jiignesh -: ur convictions will be market's trend
[11:15] Shai C: crude- sl 4688 tgt 4730
[11:15] Shai C: those single prints are big
[11:15] jiignesh -: shai, sell bn with pink will be good idea?
[11:16] Shai C: mkt will do a DD here
[11:16] Pasi C: bn sell here is ok now?@shai
[11:16] Kris 123: @Shai – but in BN – I can see the lower D to be fat – and upper D I cant see much 🙁
[11:16] Kris 123: can we have some auction above the single prints please! 🙂
[11:18] Shai C: 5200 pe/ 5100 pe from morning have reduced
[11:19] Kris 123: @Shai – but that sell 5200CE call has been great!! – that is what prompted me to buy the 5100PE 🙂
[11:19] Shai C: back to 5120 resistance now in NF
[11:19] Shai C: watch USDINR as it comes to 55.65 again
[11:20] J C: May CPI @ 10.36% v/s 10.26%(MoM)
[11:20] jiignesh -: 55.72 IS must to cross shai,
[11:21] jiignesh -: chart freeze?
[11:23] Kris 123: bursts of selling coming!
[11:24] jiignesh -: ?
[11:24] r m: 140500 volume at 11:22:52 5064.00
[11:24] jiignesh -: shai chart freeze
[11:29] Shai C: talk of a 50 bps cut in next meeting now
[11:29] Shai C: 🙂
[11:29] jiignesh -: 🙂
[11:29] jiignesh -: shadi k din bacche ki baat?
[11:29] Shai C: bulls are working overtime these days
[11:30] Pasi C: [11:29] Shai C: talk of a 50 bps cut in next meeting now means RBI may be averaging 🙂
[11:30] jiignesh -: @shai, INR at mcx-sx taking support at 20sma from march first week, today opened and trading firmly below that 55.72
[11:31] Shai C: yes that's the HVN for this month
[11:31] jiignesh -: ok
[11:31] jiignesh -: anyone got INR sms/tweet?
[11:32] Shai C: Pasi these guys are very thickskinned. the govt will have nightmares now about Subbu
[11:32] r m: maybe MMS will make Subbu the next FM 😀
[11:32] Pasi C: [11:11] Shai C: the big reactiopn should come in another 30 mins as brokerages send messages out is this on ?
[11:32] J C: i think with PM mving out…RBI cud hold ground unlike last cut under press
[11:33] jiignesh -: MMS will make? @r m…joke
[11:33] J C: even Vodafone case is on backburner now…
[11:35] Shai C: 5060 is the pull back low
[11:35] Shai C: was taken out by a few points on thurs, but opened up abv it next day
[11:36] Shai C: 5061 is current low
[11:36] Shai C: bias down below VAL now, but needs more sellers below pdl- 5060
[11:36] J C: Now Lata says that RBI cud hold coz PM outgoing:-)
[11:36] r m: i guess RBI's action (or lack of action) will be fully priced in by close, and we can again look at es and trade nf!
[11:37] Shai C: 🙂
[11:44] Shai C: the finance ministry is red faced and issuing comments
[11:45] J C: PM looks like he has lost money:-)
[11:45] Shai C: sample these- 1)India Finance Minister: RBI Need Not Consult Govt Before Mid-Quarter Policy Review
[11:46] Shai C: 2) Finance Minister: High Inflation Must Have Weighed on RBI's Rate Decision
[11:47] J C: Way to go subbu:-)
[11:47] Shai C: 🙂
[11:47] Pasi C: subbu is a tough guy
[11:48] Pasi C: who will be the new FM
[11:48] jiignesh -: montek
[11:48] Pasi C: oh
[11:48] jiignesh -: second biggest tourist
[11:48] r m: lol
[11:49] jiignesh -: after PT…not usha
[11:50] J C: Nomura is spitting blood at no rate cut….:-)
[11:50] r m: lol
[11:51] Shai C: brokerages send out messages at this time now
[11:51] Shai C: let's see hwat happens
[11:51] Shai C: if europe sells off we can see 5014 later
[11:53] Shai C: dpoc moving down in BN means it has to pause for a rethink
[11:58] jiignesh -: @shai at dpoc distribution
[11:59] Shai C: we are back at this level- http://www.vtrender.com/content/banknifty-profile-check
[11:59] Shai C: in the BN
[11:59] Shai C: 9567 tom if we fail to move up now
[11:59] jiignesh -: oh
[12:01] jiignesh -: one can short with sl 9792? for tgt 9567
[12:01] Shai C: yes- coorect sl is 9810
[12:02] jiignesh -: ok
[12:02] Shai C: below 9716 it confirms
[12:02] jiignesh -: ok
[12:02] Shai C: will be back in 10 mins
[12:02] jiignesh -: INR…
[12:03] jiignesh -: @SHAI u there or out?
[12:04] jiignesh -: new high
[12:08] Pasi C: some buyers
[12:14] jiignesh -: algo in BN
[12:15] Pasi C: whats the price Jiigs
[12:16] Kris 123: back
[12:16] Kris 123: I remember Shai saying about a big algo at 9705 some time back – atleast 1 week or more.
[12:17] Pasi C: yellow line needs to break
[12:17] jiignesh -: not surwe
[12:17] jiignesh -: sure
[12:23] r m: tick volume 16475 @9734 12:14:08
[12:27] Shai C: usd inr went up to do 80
[12:28] Shai C: @rm, does your tick chart show 0 volumes ocassionally?
[12:28] r m: very rarely, instead of 0 it shows 1 volume for BN sometimes
[12:29] Shai C: this is from the platform?
[12:29] r m: this is from IIFL trader terminal
[12:29] Shai C: ok cool
[12:29] Shai C: and you haven't seen any in NF?
[12:29] r m: no
[12:30] Shai C: Ok
[12:30] Shai C: I've started keeping a track of these volumes
[12:30] Shai C: These symbolise basket cash buys/ sells
[12:30] r m: ok, that is a good idea
[12:30] Shai C: you will find those volumes acrsoss ICICI/ sbi and the like
[12:31] r m: yes, they hapen at the same time everywhere, guess future market makers have to keep pace
[12:32] r m: icici strikes out
[12:32] Shai C: yes basket buys should give us those cash buy/ sell transactions
[12:32] Shai C: that algo came at the low
[12:32] r m: yes
[12:33] r m: in nf also there was a heavy volume tick – [11:24] r m: 140500 volume at 11:22:52 5064.00
[12:34] r m: but this one was much earlier
[12:35] Shai C: euro away from the high hit on greece news
[12:35] Shai C: think it hit 1.2760
[12:35] jiignesh -: @shai, any resell level for gold?
[12:36] Shai C: haven't checked chart
[12:36] Shai C: let you know- am away from my main comp
[12:36] jiignesh -: ok
[12:56] Shai C: test
[12:57] Shai C: entry into the yellow line dval can be taken as a long
[12:57] Shai C: 5086 now tgt 5102 val
[12:57] Shai C: sl pdl
[13:06] Shai C: not yet able to get into dval
[13:06] Shai C: profile showing a clear DD
[13:06] Shai C: now
[13:07] Shai C: those single prints in BN are bewtten the values of thurs and fri and currently stand for a quick rejection of those prices
[13:10] Shai C: fast fingers made the most of the move today
[13:10] Pasi C: what is Double Distribution(DD) in simple words .If I am correct a DD takes it further down?@shai
[13:10] Shai C: two pockets where price plays intra day is a dd
[13:11] Shai C: it would mean lower levels as long as price stays below the upper boundary of the lower distribution
[13:11] Shai C: h print in BN / nf currebntly at 9815/ 5089
[13:21] Shai C: small downtick now in globex as well
[13:21] Shai C: watch euro 1.2686
[13:21] Shai C: at session lows
[13:22] Pasi C: TPO represents a letter for each 30 min there should be 9 letters till now (ie.A to I).But I can see only (G,H,I,K,O) in MP chart .please explain@shai
[13:23] r m: first letter used is D here
[13:23] Pasi C: ok
[13:24] Pasi C: it looks like a pascal triangle @rm
[13:24] r m: A is used for markets opening at 8 AM, our market used to open at 09:55 AM, i think D is a leagacy from those times 🙂
[13:24] Pasi C: D,E,FG,H,I,J,K……… IT SHOLUD DISPLAY INA LINEAR WAY RIGHT?@RM
[13:25] Shai C: it's a default setting at d as some other mkts begon 2 hours earlier
[13:25] Shai C: *begin
[13:25] r m: ok
[13:26] r m: @Pasi, yes it works like that only, the first letters are hidden in the view visible here
[13:27] Pasi C: Is there any post regarding how to read this MP chart in lower pane?
[13:27] Shai C: @ pasi, can be displayed linear too
[13:27] Shai C: like NF
[13:27] Shai C: but we use it more to get structure of the distribution
[13:28] Pasi C: ok
[13:28] Shai C: any 30 min chart will give you a linear view
[13:29] Shai C: @ pasi shoot your questions, I'll try to answer
[13:29] Pasi C: what r the colors in horizontal
[13:30] Shai C: diff periods/ diff letters
[13:31] Pasi C: all blue bars r volume bars?then what r the bars in horizontal
[13:32] Shai C: which bars?
[13:33] Shai C: blue is bolume at price
[13:33] Shai C: *volume
[13:33] Pasi C: abv date(6/18/12)
[13:33] Shai C: those are the volumes at evry 30 mins
[13:33] Shai C: for the whole 30 minutes
[13:33] Pasi C: basically what this chart is trying to figure out in different Time frames
[13:34] Pasi C: any analysis of shapes?
[13:34] Pasi C: like chart patterns?
[13:34] Shai C: yes plenty
[13:35] Shai C: at the moment this chart is telling you that we have a strong seller from 5169
[13:35] Shai C: watch always single prints and high volume areas in MP charts
[13:35] Deepak C : shai, i wud request u to write a post on different option strategies and when to take then with regards MF, as a hedged option position wud be safer for newcomers as well as seasoned ones
[13:35] Pasi C: how to detect single prints?
[13:36] Shai C: letter g is a SP
[13:36] Shai C: they have nothing next to them
[13:36] Shai C: deepak MF?
[13:37] Pasi C: oh it means price not traded there it just jumped ?@shai
[13:37] Deepak C : market profile
[13:37] Deepak C : sorry
[13:37] Shai C: yes pasi, single prints are rejections
[13:38] Shai C: there are many MP interpretations. I try to focus on acceptance and rejection
[13:38] Shai C: a HVN is acceptance and a magnet
[13:38] Shai C: a SP is rejection
[13:39] Pasi C: ok
[13:39] Pasi C: is it intra chart@shai
[13:39] Shai C: Deepak MP is more biased towards writing than buying as it deals mostly with time and volume
[13:39] Shai C: yes pasi
[13:40] Shai C: 9701 algo
[13:41] Pasi C: ok
[13:41] Deepak C : 3 algos in BN ?
[13:42] r m: vol 29975 @9709 1:39:45
[13:42] jitender chhabra: spainsh yeilds rise to 7+
[13:43] jitender chhabra: spanish
[13:43] Shai C: es back to 1335
[13:44] r m: @Pasi, here is a guide to very basic market profile concepts – http://www.stator-afm.com/support-files/Article_Gopalakrishnan_MarketProfileBasics.pdf
[13:44] Shai C: Jitendra that's the next bailout
[13:44] Deepak C : shai , i just request u to write anything, a post or options, which u already do regularily, so try the first one
[13:45] jitender chhabra: yup & ten italy…
[13:45] Pasi C: thx rm will have a look
[13:45] Pasi C: ALGO prices not visible in Bn shai
[13:45] Shai C: Ok deepak
[13:46] Deepak C : tx shai
[13:47] Shai C: 55.88 was not in doubt abv 55.65
[13:47] Shai C: that algo is stubborn in BN and so is NF at 5060
[13:52] r m: 1:51:11 155200@5058
[13:55] Shai C: 1.2644
[14:05] Shai C: 5017- 5034 zone now below 5062
[14:05] Kris 123: Buying 5100CE at 48-49 again.
[14:05] Kris 123: It is hold till I update -no SL 🙂
[14:06] Shai C: below 5017 we get 4977
[14:06] Shai C: maybe 4920
[14:06] Pasi C: what made u to buy 5100 CE (dont say "my conviction")
[14:06] Shai C: Indian bulls getting a double whammy today
[14:08] Kris 123: @Shai – where is 2IB?
[14:08] Shai C: long gone
[14:08] Shai C: we are 10 time today
[14:09] r m: 14:06:06 firstname.lastname@example.org
[14:09] Kris 123: oh – thanks – I am not aware 🙂
[14:09] Shai C: IB was 16
[14:10] Shai C: 5035
[14:10] Kris 123: @Rm – thanks – but it is not me – and I dont think I have sufficient following that – I can say it is due to my tweet 🙂
[14:10] r m: lol
[14:11] Kris 123: @Pasi – the global behaviour looks similar to the spain bail out thing – and I am expecting good bounce back in es tonight.
[14:12] Kris 123: I have to time my buy so that I can hold till a few days.
[14:12] Pasi C: ok kris
[14:12] Kris 123: So – will keep buying 5100CE between 35-48 with an SL 30.
[14:12] Shai C: 5017- 34 is place for a bounce
[14:14] Kris 123: @Rm – I sold BN at 10150 – and closed at 10100 – thinking that I am putting too many eggs in the same basket 🙁
[14:15] Shai C: BN should tgt 9567 though now as it has broken down
[14:15] r m: 😀
[14:15] Kris 123: Though the 5100PE more than doubled – still – a good trade is not an excuse for a bad trade!
[14:16] r m: i bought 5100PE @ 43 and kissed them goodbye at 68, thinking that i made a very good deal 😀
[14:16] Shai C: Kris this is a retweet from Viren- Relief rally after #Spain lasted 4 hrs, 40 minutes. Using the #euro as a gauge, relief rally after #Greece: 4 hrs, 1 minute. #Greece2012
[14:17] r m: 🙂
[14:17] Kris 123: Relief rally after #Spain lasted 4 hrs, 40 minutes. Using the #euro as a gauge, relief rally after #Greece: 4 hrs, 1 minute. #Greece2012
[14:17] Kris 123: @Shai – about to paste that – you are quick! 🙂
[14:18] Kris 123: Euro is still trading above that 1.2626! – I think I have atleast one thing to support my bullish view 🙂
[14:18] jitender chhabra: shai(don) ko pakada aasan nahi…namumkin hai:-)
[14:18] Shai C: wish he had tweeted that earlier
[14:21] Shai C: USDINR needs a retouch of pdh
[14:25] Shai C: 530 point dropped in BN from day high
[14:25] Shai C: RBI factor
[14:26] Shai C: rate cut hope was 1100 points
[14:26] Shai C: so about 50 % retraced
[14:27] Shai C: 9810 is a right stop for the psoitional short view
[14:28] Shai C: usdinr near pdh
[14:32] Shai C: based on BN , we are married to the short view now
[14:37] Shai C: triple distribution now
[14:39] Shai C: [11:51] Shai C: if europe sells off we can see 5014 later
[14:39] Shai C: [11:36] Shai C: bias down below VAL now, but needs more sellers below pdl- 5060
[14:40] Shai C: [11:12] Shai C: at the moment it's a big sell with reversal at 5155 NF/ [11:12] Shai C: a failed breakout based on current price
[14:40] Shai C: 5060 reversal point / 5120 big res
[14:54] Shai C: 5058 seller imp tom as well
[14:55] Shai C: es moves 15 points nowadays, so gap is assured tom
[14:56] Kris 123: @Rm – looks Shai is attached to the bearish view!
[14:56] Kris 123: I cant see much hope/support for me 🙁
[14:57] r m: 🙂
[14:57] r m: pioneers are always alone 🙂
[14:57] Kris 123: @Rm – if they survive they are called pioneers – else – fools 🙂
[14:58] r m: 🙂
[14:58] Shai C: Kris I see ES between 1318 and 1349, and when they open give them a chance to react too
[14:58] Kris 123: and – a recent stat tells that for every pioneer who survived – there are 21,45,632 fools 🙂
[14:58] r m: fast research Kris 😀
[15:01] Kris 123: @Shai – fair point – I concur – let us see how they react – just a question – are the volumes today very high? did not seem so!
[15:02] Shai C: vol is abv 5 day median
[15:02] jitender chhabra: kris ..done mre ten 2lac cr today…
[15:04] Shai C: candle guys will call this an island reversal on the hourly
[15:06] Shai C: some will call it an abandoned baby too, though I may be off on that one
[15:07] r m: lol
[15:07] Shai C: lost touch with candle patterns, but if above is correcrt then they are signs of reversal in trend
[15:08] Shai C: from profile point of view, we tried to break in the prbious bracket abv 5155, but failed
[15:08] Shai C: which would mean 5120- 5155 as big resistance for this swing
[15:08] Shai C: *previous
[15:09] Shai C: small hope for bulls now is current lows at 5031
[15:10] Kris 123: thanks shai – you did not say hopeless 🙂
[15:10] Shai C: there will be bigger selling once we break 5030 on closing basis
[15:11] Kris 123: @Shai – any chances of big gap up? 🙂
[15:11] Shai C: [14:12] Shai C: 5017- 34 is place for a bounce
[15:11] Shai C: possible- ES moves a lot these days
[15:12] Kris 123: ok – any how – if we dont get a gap up tomorrow I will probably quit my longs.
[15:12] Shai C: u may be clear for 40 points above 5078 tomorrow
[15:12] Kris 123: these longs are more sicilian in nature 🙂
[15:13] Shai C: below that bears have a chance to get 4980/ 4960 tom if 5030 breaks
[15:13] Kris 123: @Shai – above 5100 – I am sure we are in for your 5260/5310 🙂
[15:14] Kris 123: @Rm – Shai is implying that 4914 will still protect this series 🙂
[15:14] Shai C: 5100 PE has dropped 14 % today
[15:14] r m: @Shai, the 3I rule applicable to 10I too? 🙂
[15:14] Shai C: and all the morning 5200 PE writers liquidated and some more
[15:25] Kris 123: [14:12] Kris 123: So – will keep buying 5100CE between 35-48 with an SL 30. [14:12] Shai C: 5017- 34 is place for a bounce
[15:25] Kris 123: Shai gave 30 points!
[15:25] Pasi C: good trade
[15:26] Kris 123: @Pasi – thanks – though I closed the intra NF, I am still carrying all CE
[15:30] Shai C: dpoc lower
[15:30] Shai C: shorts covered?
[15:30] Shai C: weird close
[15:31] Shai C: 5066/ 9715
[15:31] r m: hapened the same way on thursday as well, dpoc shifted down at last moment
[15:31] r m: Thanks friends, bye all, have a nice evening 🙂
[15:31] Kris 123: thanks all
[15:32] Kris 123: @Shai – if we do gap up – I need a pat from you 🙂
[15:32] Shai C: 🙂
[15:45] Pasi C: shai plz post todays chat
[15:45] Shai C: I will Pasi
[08:40] Pasi C: GM all