*** Shai **, Welcome to the Vtrender conference room!
[08:42] r m: Good Morning folks!
[08:45] Shai C: GM all
[08:46] Pasi C: GM all
[08:46] Pasi C: Hi rm
[08:46] Pasi C: GM all
[08:46] r m: Hi Pasi, Shai
[08:46] Pasi C: how do u manage now session expiry in 15 min@rm
[08:47] Pasi C: manage it manually for every 15 min?
[08:49] r m: you are using now software or website
[08:49] Pasi C: NOW
[08:50] r m: I mean NOW terminal or browser version
[08:50] Pasi C: NOW terminal
[08:50] r m: because the session does not expire in terminal
[08:51] Pasi C: It will rm.needs login if inactive for 15 min
[08:52] r m: ok, that is just put password to unlock
[08:52] Pasi C: yes
[08:52] r m: have not found a solution for that as yet 🙂
[08:52] Pasi C: I have one solution rm
[08:53] r m: and what is that?
[08:54] Pasi C: set a desktop alarm with a voice alert(u can have customised message)
[08:54] r m: lol
[08:54] r m: much easier to feed password in NOW when needed 🙂
[08:54] Pasi C: for example it will say "Dear rm ur NOW will expire in 2 min due to inactivity"
[08:55] Pasi C: if u set once for a day it will alert u every 14 min
[08:55] Pasi C: u need not keep looking at the clock
[08:57] Pasi C: some times we left idle more than 15 min without noticing .If suddenly we need to place an order it becomes a problem
[08:57] r m: but why should i look at the clock, whenever i need to put in an order, i just feed the password and NOW unlocks
[08:57] Pasi C: oh thats ultimate
[08:58] Pasi C: to avoid the extra time takes to enter a pwd when r abt to place an order
[08:58] r m: aha scalping 🙂
[08:58] Pasi C: yes 🙂
[08:59] r m: i am a lazy guy, do things slowly 🙂
[09:02] J C: GM friends!!
[09:03] r m: Hi JC 🙂
[09:03] Pasi C: Hi JC
[09:03] J C: HI Rm, Pasi:-)
[09:13] Shai C: a flat open at the HVN
[09:14] Shai C: http://www.vtrender.com/content/composite-profile
[09:15] Shai C: watch BN if it manages to stay abv 9800
[09:15] G D: GM all!
[09:15] G D: Shai – open drive possible?
[09:15] Shai C: possible
[09:16] Shai C: need OTF for that
[09:16] r m: Hi Girish 🙂
[09:17] G D: Shai – FED meeting tonight. So our markets may anticipate some outcome of tha mtg too
[09:17] G D: GM RM!
[09:17] Shai C: 1346/ 1353 2 levels to watch today
[09:18] Shai C: are we seeing a drive down?
[09:20] Shai C: 5083- 5117 band still in play
[09:20] G D: POC would probably decide
[09:21] G D: RM – I have seen in the past that if I had a good sized winner previous day, I try to trade more actively and end up losing some part of prev day's gains. So I decided to not even open NOW terminal. Moreover I am heading off to customer office at 10:30. So in just "watch and talk mode" today 🙂
[09:21] r m: that is good 🙂
[09:21] Kris 123: GM All 🙂
[09:22] r m: Hi Kris 🙂
[09:22] Kris 123: Hi Rm, GD 🙂
[09:22] G D: GM Kris.
[09:24] Kris 123: @Girish – I have received reliable information from unquotable sources that Shai and his friends have written 5100CE+PE
[09:25] Kris 123: Good Morning Shai 🙂
[09:26] G D: Kris – If that is true then expect a boring session!
[09:27] Kris 123: @Girish – it can be a popcorn hunter's delight as well 🙂
[09:27] Kris 123: @Shai – what are those 5082,9690 in MP window?
[09:28] Shai C: Gm Kris
[09:28] Shai C: Those are time POC's
[09:28] Kris 123: meaning?
[09:29] Shai C: mkt spent max time there
[09:31] G D: Kris – Interesting post from Tyler on FOMC and his prediction .. http://www.zerohedge.com/news/what-happened-last-fomc-meeting
[09:32] Shai C: the vah levels are not accurate in the chart
[09:32] r m: Our MMS makes intersting statement at G-20, "Wold will help, but Europe must do its bit too" 🙂
[09:32] Kris 123: @Girish – yes – that is one possibility – but whether Obama allows a deep cut with elections in 4 months!
[09:32] r m: Perhaps we should export Subbu to ECB 🙂
[09:32] Shai C: 🙂
[09:34] Kris 123: @Rm – I dont think MMS is astute enough to get that idea – it is two birds in one shot ( exchanging Draghi and Subbu) 🙂
[09:35] G D: Kris – 1250 or below would probably make a case for QE3… is the best guess
[09:35] J C: MMS has pledged $10bn for the Euro Bailout chest…
[09:36] r m: must be borrowing from SG 😀
[09:37] r m: @Kris, Draghi will faint when he sees the interest rates here 🙂
[09:39] Kris 123: Shai present at 5116 – what did he do there?
[09:39] Kris 123: 🙂
[09:41] Kris 123: @Shai – this is OAIR – and break of range is the trade – right?
[09:41] Shai C: @ JC a country where the poor make an official 30 bucks a day pledges 10 bn to the super rich
[09:41] J C: yeah…
[09:42] r m: @Shai, Jahan daal daal per sone ki chidiya karti hai basera … 😀
[09:42] Shai C: 🙂
[09:42] Kris 123: considering the importance of area – should we wait for IB high to be cleared?
[09:42] r m: actually European countries are just saving their banks, God know why MMS is eager to save them 🙂
[09:43] J C: His daughtrs r there & plus sum a/c of the high & mitey:-)
[09:44] r m: ok, i thought that he would have taken the money out of banks like the Greek billionaires have done 🙂
[09:44] J C: 🙂
[09:44] r m: being an ex central bank governor, probably he has too much faith in banking system 😀
[09:44] J C: hez gone to Mexico to look for an alternative 🙂
[09:44] r m: lol
[09:46] Shai C: come to thin k of it, if the swiss banks are hit then our black money will return faster than a 100 metre dash at the olympics
[09:46] r m: 🙂
[09:47] Shai C: should tell Ramdev to start a rumor about SNB
[09:47] Kris 123: 🙂
[09:47] r m: lol
[09:47] J C: 🙂
[09:48] Shai C: 25 point IB no drive. Mkt chilling at the HVN
[09:48] Kris 123: [09:24] Kris 123: @Girish – I have received reliable information from unquotable sources that Shai and his friends have written 5100CE+PE
[09:49] Shai C: we'll take longs abv 5125 with stop at ppo with tgs at 5145/ 5165
[09:49] Shai C: pp0- 5109
[09:49] G D: Kris 🙂
[09:50] Shai C: Kris shouldn't that read as quotable information from unrelaible sources…?
[09:51] G D: Now that all the experts are here have a Q. My twitter SMS is coming with quite a bit of delay. I got 9:15 SMS now 🙁 Have checked with Airtel guys. They say its twitter problem as I can receive other SMS instantly
[09:51] G D: Is twitter + Airtel the problem?
[09:51] r m: yes GD, it is problem from twitter to switiching point
[09:51] Pasi C: Its a known issue and everybody facing almost with all networks@GD
[09:52] Kris 123: @Girish – I guess twitter and Airtel have recently realised what we are upto – and they are delaying the sms as part of it !:)
[09:52] r m: we get the sms in the evening sometime, i have discontinued messages on sms
[09:52] G D: RM/Pasi – what's the soultion? Download twitter on Blackberry ?
[09:52] Shai C: Girish I'm looking at a solution from other sources
[09:53] r m: yes GD, use tweetdeck
[09:53] Shai C: yes if you have blackbery that is good
[09:53] Kris 123: @Girish – twitter app for any mobile – would give it instantly.
[09:53] Pasi C: yes GD
[09:53] G D: Thanks guys! Let me try it and see how that goes ..
[09:54] Kris 123: the problem is with other mobiles – which do not work with internet access.
[09:54] Kris 123: I am actually trying a few things like forwarding the tweet from an internet enabled mobile as an sms to a group.
[09:55] Kris 123: if I do find a solution – I will definitely implement – and make things better.
[09:55] Kris 123: I seriously hope Shai is not considering returning to buying from SMS companies 🙂
[09:56] G D: Kris – Well. This sure is a business opportunity to create something that is reliable and cost effective…
[09:59] Pasi C: I have asked eariler also why we cant have in announcements apart from sending tweets.reason is even the people sit in front of the screen need to wait for tweet @kris/shai
[10:09] Shai C: Ib hour coming to an end
[10:10] Shai C: @ pasi, the 2 applications run differently and cannot be integrated
[10:10] Shai C: we use Omnovia just as a medium to project
[10:10] Pasi C: ok shai
[10:12] Shai C: but appreciate if you take the time to send an email as things can be considered
[10:12] Shai C: on the chat box here, sometimes messages get lost
[10:13] Pasi C: ok
[10:14] Shai C: Bn just popped
[10:14] Shai C: 9837 algo
[10:14] Shai C: 9900 is a tgt if it hold vah now
[10:14] Shai C: 9900 is an lvn
[10:15] Shai C: swing traders will kepp stop at 9756 and hold for 10060
[10:21] Pasi C: seems volumes on that ALGO at 9837 got cancelled
[10:23] Shai C: 1131 contracts
[10:25] Shai C: somebody bought the whole house from 9820- 9848
[10:25] Pasi C: min max of ALGO size (industry standard)?@shai
[10:25] Shai C: pasi not known
[10:25] Pasi C: ok
[10:26] Shai C: we don't even know how many players are there
[10:26] Shai C: our industry is not transparent that way
[10:29] Pasi C: yes
[10:42] Kris 123: If we expire at 5100 – it is 120 points to the writers! – huge value – will they aim it? 🙂
[10:45] Shai C: huge risk in the fomc today
[10:45] Shai C: people expecting QE
[10:45] Shai C: we can see either 1370 or 1330 tom at open
[10:46] Kris 123: @Shai – so vix crash is also possible?
[10:46] Shai C: vix has been going down from mon
[10:47] Kris 123: I still think the premium in options is quite high – with only 6 trading days left.
[10:49] Shai C: tes
[10:49] Shai C: if you are long in BN just take some profits here
[10:52] Shai C: acceptability abv IBhigh was just challenged
[10:52] Shai C: need more buyers in BN quickly
[11:04] Pasi C: BN buy abv IBH?@shai
[11:05] Shai C: yes keep buy abv 9860 now
[11:05] Shai C: low volume mkt today
[11:13] Shai C: call OI at 5100 slowly reducing
[11:13] Shai C: put OI at 5100 going up since open
[11:31] r m: both below vwap
[11:34] Kris 123: done
[11:34] Kris 123: vwap band to vwap – a small journey
[11:35] Kris 123: it does not make sense to attempt pumpkins after knowing that big boys written 5100CE+PE together!
[11:35] r m: 😀
[11:36] Kris 123: and – Shai says never short a dull market – so be happy with popcorns 🙂
[11:47] Pasi C: is this ALGO AT 9760 IN bn BUY OR SELL RM?
[11:48] r m: that only Shai's order book can tell
[11:50] Pasi C: Shai was telling that swing sl is 9756
[11:51] r m: ok
[12:01] Pasi C: 9760 ALGO was a buy rm 🙂
[12:02] r m: good for you pasi 🙂
[12:04] Pasi C: didnt buy as was in doubt
[12:04] Pasi C: 🙂
[12:04] r m: ok
[12:09] Pasi C: europe marginally positive
[12:09] Pasi C: quiet before Europe
[12:22] Shai C: volumes are very poor in the BN today
[12:22] Shai C: In the NF today**
[12:24] r m: @Shai, i guess volume bars have been sized over 200k now for NF?
[12:25] Shai C: yes RM we moved to 210000 from this series
[12:25] r m: Thanks
[12:26] Pasi C: why shai?
[12:27] Kris 123: hmm… anything above 10 is infinity for me – Rm is able to spot 10K contract size change on a scale of 2L contracts – absolutely mind boggling – probably people would get used to the scale at which they are operating. :):)
[12:27] Shai C: volumes are increasing
[12:27] Shai C: we reevaluate once every few months
[12:28] Pasi C: ok
[12:28] r m: @Kris, the number of bars are less than on my ami charts with 200k bars 🙂
[12:28] Pasi C: how does rm know this !
[12:33] Shai C: mkt is not going anywhere
[12:34] r m: Kris would again put the responsibility on 5100 strike writers 🙂
[12:35] Shai C: they have been at it for one week now
[12:35] Shai C: even the 5200 ce- 5000 pe
[12:35] r m: ok
[12:36] Shai C: 5300 ce has big change today
[12:48] Kris 123: @Shai – RBI shock should be 1K points – we have done only 500 points – and if I repeat Girish – it should be 2K points – so we have some distance to travel still? :):)
[12:49] Kris 123: [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
[12:51] Shai C: 9800 in BN is nothing land
[12:51] Shai C: just like 5117 in nf
[12:52] r m: DMZ – demilitarized zones 😀
[12:52] J C: 🙂
[12:59] Kris 123: Make or Break for BN- at IB low.
[13:05] Kris 123: https://twitter.com/cvkmohan/status/215333033035825152
[13:05] Kris 123: from 48 to 58 – booking part here.
[13:05] Pasi C: 5103 ALGO kris
[13:05] Kris 123: rest – holding tightly – hopefully – I get some pumpkins 🙂
[13:06] Pasi C: good trade kris
[13:06] Kris 123: reason to trade – expected a range bound trade in the morning – so took them around IB high – and with a hope to traverse IB area!
[13:07] Kris 123: extension of the same lead to part booking at IB low.
[13:07] Kris 123: remaining with a hope of 2IB and 3IB – but Shai would say – dont dream 🙂
[13:11] Shai C: 5103 algo
[13:11] Pasi C: buy or sell?@shai
[13:11] Shai C: looks buy
[13:11] Pasi C: ook
[13:11] Kris 123: @Shai – already the 5100PE writers panicing? 🙂
[13:11] Shai C: don't give more than 10 points for these alerts
[13:12] Shai C: No change Kris
[13:12] Kris 123: no change there – I am speaking about the algo buy 🙂
[13:13] Shai C: 56.10
[13:13] Shai C: usdinr changed track at 11.30
[13:14] Shai C: don't take this buy in USDINR till we cross 56.20
[13:15] Shai C: es is safe till 1346 is protected
[13:15] Shai C: below that 1339 can come
[13:15] Shai C: 1353 is an HVN and likely to hold the index till fed
[13:15] Shai C: In NF it is still rotations
[13:19] Kris 123: well – I think I have more reasons to believe that NF and BN will go down – because – both of them are doing their 80% obilgatory rules 🙂
[13:23] Pasi C: bought BN
[13:30] Rahul Goel: shai if noone is trading into ICICI can you put the crude OF on
[13:30] Rahul Goel: Hello all Good Afternoon
[13:31] Pasi C: commoooooon
[13:32] r m: GA Rahul
[13:32] Rahul Goel: thanks shai
[13:33] Rahul Goel: GA rm how are you doing?
[13:34] r m: fine Rahul, hope you are enjoying Delhi's heat 🙂
[13:35] r m: @Pasi, good entry
[13:35] Rahul Goel: yes sure, I was bed ridden for 3 days because of exessive dehydration and food poisoning
[13:35] Pasi C: thx rm
[13:36] r m: i am sorry to know that Rahul
[13:36] Rahul Goel: dehradoon must be very good
[13:36] Pasi C: get well soon rahul
[13:36] Rahul Goel: thanks passi now much better
[13:36] r m: not this year, rains have not appeared till now except for a shower day before
[13:37] Rahul Goel: ooh pokay last year I was there in May June and it was ranning continuosly during tht time
[13:37] Pasi C: exiting BN
[13:37] Rahul Goel: raining*
[13:37] r m: yes, last year we missed summer and had a very hard winter
[13:40] r m: @Pasi, you did not wait for vwap
[13:41] Pasi C: too much bear impact since morning so couldnt and regretting now@rm 🙁
[13:42] r m: do it Kris style, he always part books and part trails, so you don't miss the momentum play
[13:43] Pasi C: yes rm ,actually kris holding puts thats also made me to book early
[13:44] r m: ok
[13:47] Shai C: Kris is become put man now?
[13:48] r m: yes
[13:48] Shai C: Maybe Ben called him
[13:48] r m: 🙂
[13:49] Shai C: Balanced profile at a previous HVN
[13:49] Shai C: open drive or gap tom
[13:49] Pasi C: will sell below 5115 for 5103
[13:51] Rahul Goel: shai when is fed meetinf today evening
[13:51] Rahul Goel: meeting*
[13:55] Shai C: yes 10.00 pm
[13:55] Shai C: then a press conf later
[13:55] Rahul Goel: ok
[13:56] Shai C: I 've bought 5200 ce/ 5000 pe now at net 44 now. expecting direction tom
[13:56] Shai C: one will be zero, the other a hero
[13:56] Shai C: 🙂
[13:56] r m: 🙂
[13:57] Shai C: today's profile is neutral
[13:57] Shai C: and should close center
[13:58] Pasi C: joined your party shai
[13:58] Shai C: vol is just 7.42 which means big players took a holiday
[14:01] Shai C: now they should work in the first 2 mins tom
[14:03] Pasi C: whats this option strategy called?@shai
[14:05] Shai C: a buy strangle
[14:05] Pasi C: ok
[14:07] Shai C: we should make 30 % if we are close to 5200 or 5000 at the open tom
[14:08] Pasi C: ok
[14:08] Shai C: exit is open is flat as OTF not interested
[14:10] Shai C: Bn below IBH as NF attempts higher
[14:10] Shai C: 1353 is coming in es
[14:14] Shai C: back to IBH in NF
[14:16] Shai C: that spike was on the release of BOE minutes
[14:17] Shai C: it's just amazing how the market reacts to every little thing coming from europe
[14:17] Shai C: BoE minutes voted 5-4 to keep QE total at GBP 325bln in March; King, Posen, Miles and Fisher voted for extra GBP 25bln, more dovish than exp
[14:24] Rahul Goel: shai crude buy is not printed but on twitter it s updated
[14:28] Shai C: keep buy abv IBH
[14:29] Rahul Goel: ok will do
[14:29] Shai C: even commodities may slow down from here, so be patient with your calls
[14:29] Rahul Goel: ooh okat till fed announcement
[15:01] r m: neutral extreme?
[15:02] r m: coming back
[15:03] Kris 123: well – I could add some at 38 as well. 🙂
[15:03] r m: not bad
[15:05] Kris 123: public disclaimer: though I am carrying 5100PE – I donot have any relation with the flags prented at 5136 and 5142 :):)
[15:06] r m: 🙂
[15:07] Kris 123: Booked some at 48 ( 48-58 and 38-48) – 2 rounds made the weight much lighter 🙂
[15:07] Shai C: stay hedged or carry less
[15:08] Shai C: mkt has shot up in anticipation of QE
[15:08] Pasi C: QE?
[15:08] Kris 123: @Shai – yes – carrying them with a very low average price – so – should be fine – unless we get a UC tomorrow 🙂
[15:08] r m: @Kris, they should be very buoyant now (with negative weight) 🙂
[15:09] Kris 123: @Rm – that is the hope – with the buoyancy they fly 🙂
[15:10] r m: lol
[15:10] Pasi C: can we carry Buy strangle ?@shai
[15:11] Shai C: yes that was for tom
[15:12] Pasi C: ok
[15:14] Shai C: neutral center
[15:14] Shai C: places a lot of imp tom for exit of value and range
[15:14] Shai C: 5129/ 5108 value areas
[15:15] Shai C: 5096/ 5143 range
[15:15] Shai C: bias up above 5129 and confirms abv 5143
[15:15] Shai C: bias down below 5108 and confirms below 5096
[15:15] Kris 123: only problem will be whether we get the opportunity to trade it!
[15:16] Kris 123: It will be mostly big gap up or down is my guess.
[15:16] r m: we bought 5000PE/5200CE to take care of that 🙂
[15:16] Kris 123: so Rm you joined the big players 🙂
[15:17] r m: Shai's suggestion 🙂
[15:17] Kris 123: main to retail – peanut carry kar raha hoon 🙂
[15:17] Shai C: open abv/ below 5157/ 5097 confirms OTF
[15:18] Shai C: if it's within in the opening print we may get a visit here again at 5117
[15:18] Kris 123: tomorrow will be a crash for sure!
[15:18] Kris 123: equity crash or vix crash is what is interesting! 🙂
[15:19] r m: 🙂
[15:19] Shai C: tom also the day when USDINR can break the range
[15:19] Shai C: Ben's tgt is always the dollar
[15:20] Shai C: a QE announcemnt will have immediate repercussions on the dollar
[15:21] Kris 123: @Shai – odds of QE? 60-40?
[15:26] Shai C: He has to announce something as operation twist is getting over
[15:26] Shai C: euro up at 1.27
[15:28] Kris 123: @Shai – so sell off has more chances – I mean – the plain 50-50 chance – add – possibility of sell on news 🙂
[15:29] Shai C: can't say- vix is down here and at CBOE
[15:29] Shai C: ahead of the meet
[15:29] Shai C: so no fear in the market
[15:30] Pasi C: bye all
[15:30] Shai C: the close is good from a technical point of view
[15:30] Kris 123: true.
[15:30] Shai C: 5130/ 9831
[15:30] Kris 123: bye all 🙂
[15:31] r m: Thanks friends, bye all, have a good day!
[15:31] Shai C: bye all