*** Shai C, Welcome to the Vtrender conference room!
[08:53] Shai C: Gm all
[08:55] J C: Gm Shai & friends…
[09:04] r m: Good Morning folks!
[09:05] r m: Hi Shai, JC 🙂
[09:07] J C: Hi Rm:-)
[09:09] Kris 123: GM All 🙂
[09:12] r m: Hi Kris 🙂
[09:13] Kris 123: Hi RM – looks a flat/negative open 🙁
[09:13] Kris 123: so no pat from Master 🙁
[09:13] r m: 🙂
[09:14] r m: Subbu is against you na!
[09:16] Shai C: usdinr headed back up to 56.07
[09:19] Kris 123: those algos are typical open algos or … real Shai friends? 🙂
[09:24] Shai C: strenght comes abv 5083-89
[09:24] Shai C: *strenghth
[09:24] Shai C: *strength
[09:28] Kris 123: @Shai – you said 40 points above 5089 – right?
[09:34] Shai C: 5120 first
[09:34] Shai C: that band of 5120- 40 is hit again will invite sellers
[09:36] Kris 123: At this moment 5089 also looks quite far 🙂
[09:37] Shai C: BN at pdl
[09:39] Shai C: 56.04
[09:42] G D: GM all!
[09:42] r m: Hi Girish 🙂
[09:43] G D: Seems like I have become one of those who show up in school once during full moon only 🙁
[09:43] G D: Hi RM
[09:43] Kris 123: Gm Girish 🙂
[09:44] Pasi C: GM all
[09:44] r m: Hi Pasi
[09:44] Kris 123: But the forum opinion is – you have passed the student stage – and are now a teacher – and Shai has promoted you to Visiting Professor status 🙂
[09:44] G D: GM Kris. I saw yesterday's vertical Subba inspired tank and decided I should somehow make time to login today ..
[09:45] r m: @Girish, all great professors are like that. I am sure Einstein was not giving lectures everyday in Princeton 😀
[09:45] Kris 123: @Gd – at the cost of getting accusations from Rm and Shai that Subbu and I are related – I was part of that vertical slide with some 5100PE !
[09:46] G D: lol Kris – I am a perpetual student of Shai's school and would like be like that forever ..
[09:46] Pasi C: Hi rm
[09:47] Pasi C: Hi GD
[09:47] G D: GM Pasi
[09:47] G D: RM – its 3I day yesterday?
[09:47] G D: *it was
[09:47] Kris 123: @Girish – I did not contradict that – you can stay a perpetual student of Shai – and still be a teacher to lesser mortals like Kris 🙂
[09:48] Kris 123: @Girish – Shai said it is a 10I 🙂
[09:48] r m: yes Girish, actually it was 10I day yesterday, IB being 16 😀
[09:48] G D: WoW – 6I!!! Amazing
[09:49] r m: 10I man not 6I 🙂
[09:49] Kris 123: Close to IB time – BN is worth buying with IB low-20 points – my take!
[09:49] G D: Thanks RM. 10I is even better
[09:50] G D: Kris – sometime between 9:40-10:05 is when low of day might be done?
[09:51] Kris 123: yes Girish – on narrow IB days I wait for 10.10-10.18 as well 🙂
[09:52] G D: Interestingly Nifty is nowhere close to PDL but BN is below that
[09:52] Kris 123: @Girish – BN is considered more cruel than Nifty in general – known to sucking more retail blood 🙂
[09:53] G D: Kris – BN OI is now within 10-20% of all time high. So big moves == big money for the biggies!
[09:54] Kris 123: @Girish – I thought you would say well done – for pointing the low on the second day of the series 🙂
[09:54] G D: Absolutely! That was a great call
[09:55] G D: Couple of observations from Friday/yesterday: 1) 14L or so 4600PEs were added on Friday and 23L were covered yesterday 2) Yesterday, inspite of market tank, VIX was down 10%
[09:55] Kris 123: @Girish – yesterday action in indexes looked more like Spailout day action – The initial euphoria – the whole gains lost- and next 3 days we had some big rally – If I am not wrong.
[09:56] Kris 123: I am expecting similar action this week as well – let us see 🙂
[09:57] G D: Kris – Haven't been tracking market on day to day basis 🙁 Only got interested due to yesterday's action
[09:57] Kris 123: yep – tracking at your level of detail needs a lot of effort.
[09:57] G D: There's a FED meeting on tomorrow – 20th?
[09:58] Kris 123: For me – I dont remember any numbers – just look for some patterns – so – fine for me 🙂
[09:58] Kris 123: Alright – got in 50% BN at 9630
[09:58] Kris 123: if IB extension happens further – will buy more – and – will trail the total at IB low-20 – after IB is done!
[10:02] G D: RM – In 2011 July, a 2000 point correction started in BN when Subba started speaking. (No prize for guessing ) The only one who was shouting short, short before Subba started speaking… was .. Kris
[10:03] r m: @Girish, and he is claiming – no connection with Subbu!!! 😀
[10:03] G D: 🙂
[10:04] Kris 123: @Girish – already I am facing a lot of insider trading allegations from the room – In fact Pasi yesterday was asking me why I took a trade – and he forewarned – dont say becos of "conviction" – you are making life difficult for me
[10:04] r m: LOL
[10:04] Shai C: Hi Girish
[10:04] Pasi C: 🙂
[10:04] Kris 123: 10.05 done 🙂
[10:04] r m: @Kris, your IB extension is here 🙂
[10:05] G D: GM Shai. Sorry for being the worst student but can't help it because of work pressure 🙁
[10:05] Pasi C: no kris .I really appreciate your trading abilities
[10:05] Pasi C: u r wonderfull@kris
[10:06] Kris 123: thanks Pasi!
[10:07] Kris 123: @Rm – added my remaining BN at 9615
[10:07] G D: Kris – I am not surprised that you were short before Subba spoke 🙂
[10:07] Kris 123: @Girish – there is another from Dehradun who did the same – why do I get the bricks? :):)
[10:08] r m: i did because NF appeared exhausted up there in the skies yesterday 🙂
[10:08] r m: Subbu refused to connect to my phone call 😀
[10:08] G D: Kris – I think you have to get used to this 🙂
[10:09] Shai C: @ Girish, travelling or still in bangalore?
[10:09] Shai C: BN will get good if it enter pdl again
[10:09] Kris 123: alright – if any one else does – it is trading logic – if I do – it is insider trading !! fair call – as fair as JPM, GS, and everyone else 🙂
[10:09] G D: Shai – mostly in Bangalore but managing multiple customers. So bit of running around …
[10:09] Shai C: pdl is also dpoc
[10:09] r m: exactly Kris, just like JMP, GS 🙂
[10:10] Shai C: there was talk yesterday of RBI selling dollars here at 56.05
[10:10] Shai C: expect them to step in again
[10:11] Kris 123: @Girish – 90% chance that we are at the lows of the day!!
[10:12] Shai C: BN has a big IB
[10:13] Kris 123: 2 minutes – how much more !
[10:14] G D: Shai – Lot of downgrades are coming with Nifty at 5000. As a long term inverstors, I would have loved to see Nifty at 4000. Easy to buy at lows with so much negative sentiment
[10:16] Shai C: the downgrades are right- more to do with lack of governance than any structural problem
[10:17] Shai C: 9594 is level to watch
[10:17] G D: Yes Shai. I am veru sure the fundamentals are intact. if only we had good Govt
[10:17] Shai C: can NF test 5030 agin?
[10:19] Shai C: we have a government whose declared objective is to live out it's period in the ICU
[10:20] Shai C: the worst part is that the next governement to form will be a bigger cripple
[10:20] Shai C: so I am wary of our longer term story
[10:20] Pasi C: whats your stop in BN 20 points?@kris
[10:21] Kris 123: @Pasi – it is IB low-20 points
[10:21] Shai C: [09:16] Shai C: usdinr headed back up to 56.07
[10:22] Shai C: Imp zone now for USDINT this 56.12- 56.20 zone
[10:24] Kris 123: Ok friends – will try to meet you in the afternoon 🙂
[10:24] Kris 123: Bye.
[10:25] r m: Bye Kris
[10:28] G D: Shai – I also agree that the growth rates we saw in 2003-2008 may not be achieved soon but on the +ve side India's growth rate is still going to be better than west which has stalled or limping at 2% or so ..
[10:29] r m: @GD, the difference is that they are adopting a financial policy which is postponing the inevitable, while ours is advancing it 🙂
[10:29] Shai C: 🙂
[10:29] G D: RM – lol
[10:30] G D: Shai – DPOC shifting pretty fast means that volumes have been lower this morning?
[10:32] Shai C: volumes are at the 5 day median line
[10:32] Shai C: Bn getting some attention
[10:33] Shai C: that current downmove has halted in BN
[10:33] Shai C: I'll be comfy with longs only abv vwap/ pdl
[10:34] Shai C: we have evidence of a tail again at the top
[10:34] Shai C: just watch vwap if you are planning longs
[10:35] Shai C: remember yesterday's big selling tail is at 9820/ 5091
[10:35] Shai C: I think we stay in this 5080- 5030 zone today
[10:37] G D: Thanks Shai. I am already in at 9612. 10I day yesterday means we should have 99.999999999% chance that low will be made in first hr. for that last 0.0000001%, I can commit SL at IBL -20 max 🙂
[10:37] r m: 🙂
[10:38] r m: so many decimals, looks like you are trading FX these days 🙂
[10:38] G D: RM – no man. The only thing I trade is BN.
[10:39] G D: RM – It would be interesting to see what happens when BN reaches the Subba vaccum space today
[10:39] Kris 123: Hi friends – booked the 25% added at 9590 here at pdl plus vwap.
[10:40] r m: yes Girish
[10:40] Kris 123: not much – but I am not as good as Girish – so popcorns are enough for me at this moment 🙂
[10:40] r m: Ace of Popcorns 🙂
[10:41] G D: Kris – I don't even know what my trading approach is. Just trying my hand today hoping for some recovery
[10:42] r m: @Girish, yesterday Vix went down inspite of the indices crashing
[10:42] Kris 123: @Girish – I share the same opinion – and expecting good recovery – but – I am a lot more fearful – hence the part booking! 🙂
[10:43] Shai C: Rm, yesterday's vix was volatility crash on the greece news
[10:43] Shai C: and the RBI also
[10:43] G D: RM – exactly same observation.
[10:43] r m: Thanks Shai
[10:43] Shai C: mkt makers increase premium the week prior to news
[10:43] G D: Kris – no trader has gone broke booking profits 🙂
[10:43] r m: yes Shai, that makes sense
[10:45] G D: Shai, Kris, RM – I was looking at a SMS from Zerodha sent yesterday early morning. It said "full margin is required today until RBI announcement happens"… Did they get those instructions from NSE ot it was their guessing skills or some insider info ….?
[10:46] Kris 123: @Girish – you revealed one of the sources for which I took the PE 🙂
[10:46] r m: i think it is their self preservation instinct 🙂
[10:46] Shai C: GD, the risk team gets hyper ahead of such events
[10:47] Shai C: it's indicidual brokerages
[10:47] Shai C: all existing MTM is thoroughly checked for risk
[10:48] Kris 123: above PDL – Shai's buy order should take it to above VAL – and then 80% rule should be in force – a day dreamer signing off 🙂
[10:48] G D: yes. it could be a way to avoid margin calls ..
[10:49] Shai C: if you are trading futures on stcoks / indices or even writing calls- those 2 minutes after events can make or break you
[10:49] Shai C: yesterday we dropped 100 points
[10:52] G D: Shai – from yesterday's highs, BN is almost 5-6% down. That means 50-60% margin money wiped out for longs taken at IBH yesterday! So brokerage's caution is understandable..
[10:54] Kris 123: the most worrying aspect for a bull is – the high euro made – 1.2627 – too close to the 1.2626 that Viren was mentioning!
[11:00] G D: Kris – Being a bull due to yesterday's 10I pattern may be OK..
[11:15] Pasi C: BN add abv pdl/@shai
[11:21] Shai C: best add is val + pdl
[11:22] Pasi C: ok
[11:22] Shai C: Bn entering yesterday's range
[11:22] Shai C: key is to see if value changes now
[11:22] Shai C: as expected usdinr pushed down
[11:23] Kris 123: ok – booked another 25% here at VAL – and rest trailing at pdl-20 now.
[11:23] Kris 123: peanuts – but I will take it.
[11:23] Kris 123: [10:11] Kris 123: @Girish – 90% chance that we are at the lows of the day!!
[11:24] r m: good trade Kris
[11:24] Pasi C: great kris
[11:24] r m: i am into micropeanut trade 5100CE from 42 to 49
[11:24] Kris 123: hold them tight – they might be pumpkins 🙂
[11:25] r m: 🙂
[11:25] Kris 123: I am in your company – rather – you are in my company there 🙂
[11:25] Kris 123: As I am buying them from yesterday – I am senior 🙂
[11:25] r m: yes, i am aware about the inventory of your warehouse 🙂
[11:26] r m: but me strict intra
[11:26] Kris 123: BN does 100 points from low – still not even "Good" from Master/Girish 🙁
[11:26] Pasi C: NF 5120 now?
[11:26] Pasi C: may be
[11:28] Shai C: need Nf to cross 5183-89
[11:28] Shai C: we still in the lower distribution of yesterday
[11:28] Pasi C: ok
[11:28] Shai C: but Bn has made a start
[11:29] Shai C: should staty abv dpoc now 9630 for upsides
[11:30] Kris 123: [10:48] Kris 123: above PDL – Shai's buy order should take it to above VAL – and then 80% rule should be in force – a day dreamer signing off 🙂
[11:32] Kris 123: Well – caution is a better part of valour – so moving tsl now to val-20 points.
[11:33] Kris 123: so trade is a safe trade – if Shai wants to give me pumpkins – I am not stopping him 🙂
[11:35] Kris 123: @Rm – I am trailing part of 5100CE at 50 now – which are acquired in the morning at 41-43 zone.
[11:35] r m: Thanks Kris, i booked most at 53
[11:36] r m: vwapband
[11:36] Kris 123: Shai said this is the resistence zone – above 5089 – Shai said he will give 40 points.
[11:36] r m: Shai gives you everthing but pat 🙂
[11:37] Kris 123: and I will keep trying only for that – rest do not matter 🙂
[11:37] r m: lol
[11:39] Kris 123: [11:35] r m: Thanks Kris, i booked most at 53 – I thought so – the volume are visible with a black flag on Shai's charts 🙂
[11:41] r m: ha ha 😀
[11:42] G D: Booked 50% @9688. Holding rest at 9630 SL
[11:42] Kris 123: [10:35] Shai C: I think we stay in this 5080- 5030 zone today – another source of worry
[11:43] Kris 123: Good Trade Girish 🙂
[11:43] Kris 123: My only concern is – you still dont trail !!
[11:43] G D: Kris – tell me where should I trail?
[11:44] Kris 123: that is fine Girish – I am saying instead of booking you should trail 🙂
[11:44] Kris 123: 9630 – so you expecting a vwap swipe before the next move?
[11:44] Shai C: dpoc higher 5084
[11:45] G D: Kris – agree. I should have probably trailed VAL 50% and rest at 9630. I expect a swipe at VWAP once Europe opens
[11:46] Kris 123: @Girish – yes – that would have been good management – atleast in my books 🙂
[11:49] G D: And today's trade as 100% out of Shai's lessons on 2I, 3I …. day. So Shai – I may be a bad student for not attending your classes everyday but I am a sincere student who remembers ur lessons 🙂
[11:50] Shai C: 5088/ 5086- yesterday / 5082- morning/ 5089 now
[11:50] Kris 123: @Girish – no credit for me – for spotting that 10.13AM low? :):)
[11:51] G D: Kris – you are an exceptional student and you have alleged connections to Subbu. So no credit to you – lol
[11:54] Pasi C: I understand that 5089 is imp
[11:56] Kris 123: @Girish – :(:( – you are coming for 1 day here in a month – and spoiling my peace for the rest of the month :):)
[11:56] G D: Kris – 🙂
[11:57] Kris 123: from tomorrow Rm will keep on asking for one favour or the other related to Subbu 🙂
[11:57] G D: No man. you have mastered all the day patterns. All I needed to do was follow your trade with the SL and just cash out at right point 🙂
[11:58] r m: @Kris, just get me some cheap loan and I will keep my mouth shut for rest of my life 🙂
[11:58] Kris 123: @Girish by the way – I booked out here –
[11:58] Kris 123: will buy again if there is a pdl swipe.
[11:58] Kris 123: 40 points are too much to be left like that 🙂
[11:59] G D: Kris – good exit! Seems like VWAP is coming and may be even DPOC too
[12:03] G D: BN Of might go blue if VAL is crossed on upside this time?
[12:03] Kris 123: possible – but a small swipe of vwap please.
[12:03] Kris 123: otherwise I will not feel secure of the big up move!
[12:05] G D: Kris – is this swipe similar to pulling the lock once to make sure you have locked the house properly 🙂
[12:05] Kris 123: exactly – and then no looking back 🙂
[12:06] Kris 123: mostly it should coincide with europe opening.
[12:06] Kris 123: 12.35 low is a buy for me !
[12:24] Shai C: mkt has been attcking that 83- 89 level since yesterday afternoon
[12:24] Shai C: we came down psot RBI and have been below now since 11.05 am yesterday
[12:25] Shai C: BN has broken it's uptrend of June
[12:26] Shai C: from a swing perspective I cannot think long till 9755-9799 is taken
[12:29] Shai C: USDINR once again at 56.10
[12:29] Shai C: brings out a bigger reaction in BN nowadays than NF
[12:29] Kris 123: [12:06] Kris 123: 12.35 low is a buy for me !
[12:30] Kris 123: well – 40 points came
[12:30] Shai C: You are putting a lot of trust in europe
[12:30] Shai C: 🙂
[12:31] Pasi C: [12:30] Kris 123: well – 40 points came means?
[12:34] Kris 123: @Pasi – I expected a low to be made at 12.30
[12:34] Kris 123: so went short BN at 9690
[12:34] G D: Kris – Swipe came below VWAP but didn't come till dpoc! I have to add so far …
[12:35] Kris 123: covered and went long at 9650 – at 12.30
[12:36] Kris 123: @Rm – booked a bit more at 60
[12:36] r m: i am all out 🙂
[12:37] Kris 123: I have some at a negative price – so – will hold them to see if I get 5300 🙂
[12:37] r m: good luck 🙂
[12:37] Shai C: in the single prints now
[12:37] Shai C: sl will be 5082 NF
[12:38] Kris 123: @Girish – 9704 the developing vah is the SL for 50% and remaining at 9660 – 20 below VAL!
[12:38] Kris 123: trade is a safe trade 🙂
[12:39] G D: Yes Kris – this time my TSL is 9680. The first 50% I sold at 9688. The next 50%, I don't want to give up more than 8 pts profit
[12:40] Kris 123: Master – I guess I deserve a well done today 🙂
[12:41] Kris 123: @Girish – move 25% to 9705 and 25% to 9660
[12:42] Kris 123: 9680 is exact VAL – and we should not rule out a touch – so let us stagger for peanuts and pumpkins
[12:42] Kris 123: hope this sounds logical to you 🙂
[12:42] G D: Kris – this is way too logical for me..
[12:43] G D: Anyway 9705 + 9680 done
[12:43] Kris 123: And put a samosa at coffe day on my name – when we meet 🙂
[12:43] Kris 123: *due
[12:44] Shai C: 5117 should come abv 5088
[12:45] G D: Kris – Sure man. With my 13k profits today you might have to visit a cardiologist once you eat so many samosas 🙂
[12:45] r m: LOL
[12:46] Kris 123: trailing 25% at IB high and 25% at 9700
[12:46] G D: Kris – Exiting 25% here at touch of VWAP band. I have to feed you more samosas too 🙂
[12:47] Kris 123: oh POC is here
[12:47] Kris 123: booking 25% here – and rest trailing at IB high -20
[12:47] Kris 123: POC is 50% of 80% is Shai's teachings!
[12:48] G D: exactly! For the not-so-greedy for 80% POC should be used as a booking point
[12:48] Shai C: 5115
[12:49] Shai C: @ RM, today's volumes in BN will be much higher as both Kris and GD are trading today
[12:50] G D: Shai 🙂
[12:50] Shai C: you guys have literally forced BN up
[12:51] r m: @Shai, yes, the moment Girish stepped in, BN volumes perked up – to hell with Subbu, now that Girish is back 🙂
[12:51] Shai C: poc hit to the tick
[12:51] Kris 123: [11:30] Kris 123: [10:48] Kris 123: above PDL – Shai's buy order should take it to above VAL – and then 80% rule should be in force – a day dreamer signing off 🙂
[12:51] G D: RM – lol.
[12:52] Kris 123: @Shai – you cant blame Girish – every one knows that I am popcorn trader! 🙂
[12:52] Shai C: NF is in the single prints
[12:53] Shai C: chances of 5133
[12:53] Kris 123: 2IB done
[12:53] Kris 123: in NF
[12:54] Shai C: 5133/ 5156 abv 5117
[12:54] Kris 123: @Girish – I am now trailing at just below that algo at 9744
[12:54] Kris 123: I have a suspicion that it is Shai's friends there 🙂
[12:54] G D: This is becoming too mucn for me. I am exiting all at PR1. Seems like I already had my breakfast, lunch and dinner in less than 4 hrs 🙂
[12:54] r m: and Kris has enough samosas to last till December this year 🙂
[12:55] G D: 🙂
[12:56] G D: Out for lunch ..
[12:56] Kris 123: @Rm – worked out a very peculiar strategy.
[12:57] Kris 123: I expect a lot of steam in this rally till month end – so every time I booked out 5100CE, I added some 5200CE at much cheaper price – hopefully they give me something useful 🙂
[12:58] Shares Trader: GA ALL
[12:58] Kris 123: Hi ST 🙂
[12:58] Pasi C: Hi ST
[12:58] Shares Trader: hi Kris
[12:58] Shares Trader: hi Pasi/RM/GD
[12:59] r m: Hi ST 🙂
[13:00] Shares Trader: totally missd todays action..PC had some problms
[13:00] r m: @Kris, good idea, guess you are investing 5100CE profits 🙂
[13:01] r m: @ST, i subscribed to manshiRT for Ninjatrader but my PC is unable to handle all the load, quotes appearing after a couple of hours 😀
[13:03] Shares Trader: did u do setup accordingly ?
[13:03] r m: yes
[13:03] Shares Trader: session setup n all ?
[13:04] r m: yes, everything
[13:04] Shares Trader: did u talkd to sunny ? Manshi Rt guy?
[13:04] r m: i think the processor is not up to handling ninja + traderterminal
[13:04] Pasi C: when europe will open again from1:30
[13:05] r m: no I did not speak to him, will try in the evening
[13:05] Shares Trader: ok..i dnt thnk processor cud b issue
[13:05] r m: ok
[13:05] Shares Trader: did u try symbol mapping ?
[13:06] r m: i did but that is not working, however i tried icicibank cash, which has same symbols even that is not working well
[13:06] Shares Trader: oh
[13:06] Pasi C: add abv 9799?@shai
[13:07] Shai C: yes
[13:07] Pasi C: ok
[13:07] Shares Trader: nt so gd news is thr is not much support fr Manshi
[13:07] Shai C: add abv 5119 too with 10 point stop
[13:07] Shares Trader: u jst hv to keep trying 😀
[13:07] Shai C: 9901 should come on short covering
[13:07] Kris 123: ok – moving my last part to pr1 now – enough for the day!
[13:08] r m: i know that, that is why i stopped using – had subscribed for mcxdirect some time back
[13:08] Shai C: 9737- 53 critical to hold
[13:08] Shares Trader: ok
[13:09] Shares Trader: rm talk to Sunny..if thr is no support let me knw ur yahoo id..so i cna hlp u with Teamviewr
[13:09] r m: ok, will do that, thanks
[13:10] Shai C: 3 attempts at 5117
[13:10] Shai C: one at 9794
[13:11] Shai C: shorts will cover above these levels
[13:11] Shares Trader: Algo doign gd job
[13:11] Shai C: 5100 ce- pe equal addition now
[13:14] Kris 123: @Rm – it is my mistake – yesterday I said to Shai if we get a gap up – I need a pat – but sadly I ruled myself out for a rally in day light :(:(
[13:14] r m: 🙂
[13:19] Shai C: Kris- LOL
[13:19] Shai C: Best part is that es is in a 2 point range and was up compared to our close
[13:28] Shai C: unable to crac k past 5117
[13:28] Shai C: return to vwap?
[13:32] Shai C: ib high imp in BN
[13:32] G D: Kris – Back! Hasn't moved much above POC so far.
[13:32] Shai C: still imp same as IB high – [13:08] Shai C: 9737- 53 critical to hold
[13:32] Kris 123: @Girish – my tsl hit at pr1.
[13:33] Kris 123: but has been a good day – please come daily to the room !! 🙂
[13:33] G D: Kris – pretty decent trade. I am not even logging into my terminal now…
[13:34] Kris 123: Good – more or less day is done – have some 5200CE with me – which I intend to carry 🙂
[13:36] Shai C: 9738
[13:37] G D: Shai – DPOC has not moved at all from 9630. Move is suspect until DPOC jumps up to IBH or above?
[13:37] Kris 123: @Girish – now the famed vwap swipe should come
[13:38] Shai C: euro
[13:39] G D: Kris – If the intention of market is to close at highest point today VWAP shoudl not be touched
[13:39] Shai C: Girish that 9795 zone is the area of the second dsitribution
[13:39] Shai C: wow
[13:39] Shai C: what's this?
[13:39] J C: Grrece socalists call out for bailout renegotiation…
[13:40] Kris 123: [13:37] Kris 123: @Girish – now the famed vwap swipe should come
[13:40] G D: Shai – these days its all Greek and Latin for me. And Spanish, French … too 🙂
[13:40] Kris 123: @Girish – it took all of 3 minutes 🙂
[13:41] G D: Kris – too fast
[13:41] Shai C: this can go to day low
[13:41] Kris 123: @Shai – I am hoping in NF IB low protects it!
[13:42] Kris 123: a paper trade – bought BN at 9670 – with 30 point SL 🙂
[13:42] Shai C: stright into the IB
[13:42] G D: Algos flying around today. Early monring bull algos, afternoon bear algos!
[13:42] Shai C: My sell did not execute below 9730
[13:43] Kris 123: @Rm – it came to 48 again – where I could take some! 🙂
[13:44] Kris 123: but – a risky one – dont try!
[13:44] Kris 123: does not look like it is stopping here 🙂
[13:47] Kris 123: May be Shai wants that 5030 tick once!
[13:49] Shai C: we have come back in yesterday's lower bal
[13:49] Shai C: should go lower below 5088 now
[13:50] Shai C: 5118 is the high
[13:50] Shai C: that break of 9737 sent it lower 100 points
[14:01] Shai C: staying below vwap
[14:09] G D: Shai – One Q. How come yesterday's POC/VAH are both so close in NF? 5184/5191. Big volumes only in that zone yesterday morning?
[14:12] Pasi C: good buy kris
[14:13] Pasi C: actually good paper trade
[14:13] Shai C: Girish that's not right
[14:13] Shai C: need to change that
[14:13] Shai C: 5088
[14:24] Shai C: just wondering what the shock was
[14:24] Shai C: we are bacvk up
[14:25] r m: Kris won't allow it to keep down 😀
[14:25] Shai C: this time BN is leading
[14:30] Pasi C: BN buy?@shai
[14:30] Shai C: no
[14:30] Pasi C: ok
[14:30] Shai C: now 15 point bars even in NF
[14:31] G D: Shai – Wild Wild West! That's all I can say looking at today's action ..
[14:32] Shai C: 9795 was that algo
[14:33] Shai C: every touch of 5117 meeting rejection
[14:36] Shai C: some big guys slogging it out
[14:36] Shai C: back to 5110 from vwap
[14:37] Shai C: vwap was 5085
[14:37] Shai C: meantime es looking higher ahead of fed tom
[14:37] G D: Not a day for 20 point stop loss traders!
[14:37] r m: vwap above IBarea is bullish – Girishspeak 🙂
[14:37] Shai C: 1329 is protected will go higher
[14:39] G D: yes RM. It would be good if both BN and NF follow that
[14:40] r m: that is right
[14:46] Shai C: likely resting point is dpoc
[14:46] Shai C: as distribution today is gaussian
[14:53] Shai C: dpoc should move up now
[14:56] Shai C: dpoc 9770
[14:57] Shai C: yesterday's bad news and today the mkt stopped going down
[14:58] Shai C: time to pay attention to a mkt which does not go down
[14:58] Shai C: strong up bias tom if IB is abv 5120
[14:58] Shai C: those huge volumes have played a part
[14:59] Shai C: 5081 is vwap from yesterday- so NF has done well
[14:59] G D: I have an off topic question since I haven't tracked market for few months. Was there any circular from NSE regarding margin requirement change for LC or interest/penalty .. in last few months?
[15:01] Shai C: nothing from the NSE but most brokers are offering margin at 8 % as opposed to 11 prev
[15:02] G D: Thanks Shai. Have noticed in the past that when a rule gets changed, the market has a habit of testing the limit of that new rule …
[15:02] r m: @GD, there was a circular sometime back from NSE regarding application of penalty on shortage of margin and that is applicable on contract value
[15:02] Shai C: that was last year
[15:03] r m: yes
[15:03] J C: GD it ranges frm 1-5%
[15:05] G D: Thanks RM. The only case where someone really gets short on margin is LC kind of scenario. This being a election year in US like 2008, may be NSE folks are preparing for "just in case…." stuff
[15:05] G D: JC – 1-5% is intraday right?
[15:05] G D: overnight its standard 10%
[15:06] J C: no intra penalty..its on carryover
[15:06] G D: OK. got it
[15:08] J C: 1% on upto 4 times a mnth if the margin exceeded is less ten 5%
[15:08] J C: 5% on fifth time excess in a mnth or over 5times margin
[15:09] r m: @Girish, actually brokers were allowing clients to carry over with margin shortage and charging interest on the short margin. SEBI has initiated this step to prevent the payment system from collapsing in case of sharp movement if markets
[15:09] r m: now the brokers have to submit a report of short margins at EOD to exchanges
[15:12] G D: yes RM. That's a decent initiative. Allowing positions to be carried over when short of margin could be suicidal for the brokerage firm itself. Overnight longs should protect themselves with OOM puts because nobody can predict what can happen during US election year
[15:13] r m: true, but there is so much cut-throat competition amongst brokerages that they are willing to take all kind of risks unless someone is standing at their doors to prevent them from committing suicide 🙂
[15:15] G D: 🙂
[15:24] Pasi C: gap up ?@shai
[15:25] Shai C: gap looks diff
[15:25] Pasi C: ok
[15:26] Kris 123: back
[15:26] Kris 123: for the close!
[15:27] Kris 123: @Shai – do I get anything? 🙂
[15:27] Shai C: that seller t 5117 being threatened at the close
[15:27] Shai C: for once, we don't have a 3I day
[15:27] Kris 123: [13:37] Kris 123: @Girish – now the famed vwap swipe should come
[15:28] Kris 123: Market did a deep swipe below vwap – but are back to where they should be – starting tomorrow – some bear delicacies should be prepared across globe! 🙂
[15:29] r m: 🙂
[15:29] Shai C: a 5100 buy ce hedged with a short 5200 ce should do fine
[15:29] Shai C: or join the battle at 5100
[15:29] Kris 123: @Pasi – yesterday I bought a lot of 5100CE and today as well – was trying to play today's market action in this way!
[15:29] Shai C: both are more or less equla in addition today
[15:30] r m: vix further down by 4.5%
[15:31] r m: bye friends, thanks all, have a nice evening 🙂
[15:31] Shai C: 5114/ 9793
[15:31] Kris 123: bye friends!
[15:31] G D: Kris – there could be some more upmove coming tomorrow to repair the profile that got damaged due to Subbu speak? I am neutral and probably can't trade whole day as I will be at a customer site
[15:31] Shai C: bye all. have a great evening
[15:31] Kris 123: @Rm – Shai finally did not give it 🙁
[15:31] Pasi C: bye all
[15:31] r m: 🙂
[15:31] G D: Bye everyone!
[15:31] Kris 123: @Girish – yes – some more upmove – but I have some negatively priced 5200CE
[15:31] Kris 123: closed most positions
[15:32] Kris 123: * 5100CE 🙂
[15:32] G D: Nice. Carry less overnight baggage is the best strategy these days
*** Shai C, Welcome to the Vtrender conference room!