Trading room today

 

[08:48] r m: Good Morning folks!
[08:50] Pasi C: GM all
[08:50] Pasi C: Hi rm
[08:51] r m: Hi  Pasi
[08:52] Pasi C: rm u watching cnbc now?
[08:52] r m: no
[08:53] Pasi C: ok
[08:53] Pasi C: hemant talking abt long strangle
[08:58] r m: ok
*** Shai C, Welcome to the Vtrender conference room!
[09:02] Shai C: GM all
[09:02] Kris 123: Gm All πŸ™‚
[09:02] Kris 123: GM Shai πŸ™‚
[09:02] r m: GM Shai, Kris πŸ™‚
[09:02] Kris 123: @Shai – looks more like vix crash than equity crash πŸ™
[09:04] Shai C: 5000pe- 5200 ce update- exit the 5200 ce if 5096 breaks and ride the 5000 pe lower
[09:05] r m: @Kris, with USD @56.4  equity crash does not  seem very far πŸ™‚
[09:07] Shai C: Kris has puts?
[09:07] r m: yes
[09:07] Shai C: cool man
[09:07] Shai C: have to really check your phone records now πŸ™‚
[09:07] r m: lol
[09:09] r m: I think he explained his reason very well yesterday, IF there is no QE than crash, if there is one then also correction because price build up already discounted that πŸ™‚
[09:09] Kris 123: sorry – lost connection! – back
[09:10] r m: lost connection or was busy on ISD? πŸ˜€
[09:10] Shai C: πŸ™‚
[09:11] Kris 123: πŸ™‚
[09:11] Kris 123: @Shai – what is possible target to look for below 5096?
[09:11] Shai C: sgx suggests big OTF has no interest in the moves of yesterdat
[09:12] Kris 123: yesterday FnO turnover is very low from FII
[09:12] Shai C: below 5093 I want to see 5031 tested again
[09:12] Kris 123: even that – they day traded mostly!
[09:13] Shai C: initial sell will be more disappointment than actual intent
[09:13] Kris 123: Hang Seng is slowly 1% down
[09:13] Kris 123: @Shai – I am sure the open will be above 5096
[09:13] Kris 123: and I am undecided what to do with puts!
[09:14] Kris 123: es as the barometer – we should open flat!
[09:15] Shai C: chatter of QE3 is set to grow
[09:16] Shai C: here's another option I was thinking of for the 5000 pe- 5200 ce
[09:16] Shai C: convert it into a butterfly by selling the 5100 ce- pe
[09:18] Shai C: 105- 44= max profit till expiry
[09:19] Kris 123: @Shai – when do we use butterfly – I mean – what is the view?
[09:20] Shai C: range bound but risk is controlled
[09:20] Pasi C: good but thinking selling blocks big margin shai
[09:20] Shai C: yes it does
[09:20] Kris 123: @Pasi – with expiry around – it will be much lesser – specially at zerodha – it is far lesser than NF also!
[09:21] Pasi C: atleast 10 times abuy require for a sell@kris
[09:22] Pasi C: already built huge position in strangle
[09:24] Shai C: pasi you should not build a large position on news flow based moves
[09:24] Shai C: position was based on FED surprise
[09:24] Pasi C: yes reduced the size now
[09:24] Shai C: we are still in value and range
[09:25] Kris 123: not that much – atleast with zerodha – any way – you are the best judge!
[09:25] Kris 123: @Rm – yesterday what I have taken at 38 – covered most with 48-50
[09:25] Kris 123: so – they are so negatively priced now that they are free to fly πŸ™‚
[09:26] r m: Good trade Kris, congrats!
[09:26] Kris 123: idea of closing is – we did not get below 5096!
[09:26] r m: ok
[09:38] Pasi C: vwap bands r together
[09:40] Shai C: OAIR- no change in sentiment from yesterday's close
[09:40] Shai C: wait for an exit of value and range to initiate new trades
[09:41] Shai C: Nf sell can be taken below 5093 if one is not in
[09:43] Rahul Goel: Hello all GM
[09:43] r m: Hi Rahul
[09:43] Rahul Goel: GM rm, shai, kris and passi
[09:44] Rahul Goel: shai I am short in nifty wht should be the sl
[09:44] Pasi C: Hi rahul why u r angry upon me
[09:44] Rahul Goel: hehe passi angry why would I πŸ™‚ I have no reason to be angry on anyone
[09:45] Pasi C: u r bashing my name!
[09:46] Rahul Goel: oops osrry if you felt hurt, whereas I have a friend whose name is passi so thought to be same
[09:46] Shai C: Rahul 5135 today just abv pp0/ vah
[09:46] Pasi C: -:)
[09:47] Kris 123: Gm Rahul πŸ™‚
[09:50] Kris 123: 5100CE+PE from 130 came to 107 now.
[09:51] Kris 123: in 2 days – @RM – did some one tell you of the big boys writing them? πŸ™‚
[09:51] Rahul Goel: yes jris i having tht yesterday booked it before close
[09:52] Rahul Goel: kris*
[09:52] r m: @Kris, πŸ™‚
[10:05] Pasi C: making day lows ?may be or it may be breaking
[10:05] Kris 123: so fascinating to observe some of the patterns really working!
[10:05] Kris 123: we are past 10 – and we are trying to make an extension of IB !
[10:05] Shai C: 5092
[10:06] Shai C: 5099 algo
[10:06] Kris 123: @Shai – buy/sell ? πŸ™‚
[10:06] Pasi C: sell kris
[10:06] Pasi C: price is below 5099
[10:07] Kris 123: @Pasi – 2-3 points should not matter – I would like to wait for some more time!
[10:07] Pasi C: ok
[10:07] Kris 123: any way – I might be biased – I took 5100CE at 48
[10:07] Kris 123: 48.8 average price – to be precise πŸ™‚
[10:08] Pasi C: [10:05] Kris 123: so fascinating to observe some of the patterns really working!   what r the patterns?@kris
[10:09] r m: @Pasi, IB extentsion just before 10:15
[10:09] Pasi C: thx rm
[10:11] Pasi C: one candle below 5099
[10:11] jiignesh -: kal raat qayamat ki raat thi aur wo raat darde sitamki raat thi
[10:11] jiignesh -: GM all
[10:12] r m: Hi jiignesh
[10:12] jiignesh -: hi r m
[10:12] Pasi C: kal raat kya huwa Jiigs
[10:12] jiignesh -: @shai, why this buy signal in gold?
[10:13] jiignesh -: @pasi sher aaya sher aaya
[10:13] Pasi C: sher yaa babbar sher?
[10:13] Pasi C: tu jungle me kyo gaya baa
[10:14] Kris 123: @Jiignesh – 3% correction in crude – you wanted more? πŸ™‚
[10:14] jiignesh -: @kris GM, i want 30% correction in petrol
[10:14] jiignesh -: @shai….
[10:15] Shai C: yes jiignesh
[10:15] Shai C: NF / BN need to break 5093/ 9755 for more downsides
[10:15] jiignesh -: gold showing buy which not tweeted, one can take short na?
[10:16] Shai C: yes go by twitter
[10:16] jiignesh -: fresh short at CMP is advisable?
[10:17] Shai C: short below 30100
[10:17] jiignesh -: ok will see blw 100
[10:17] Shai C: lots of traders who took the usdinr/ gold combo trades are in a soup this morning
[10:17] jiignesh -: @shai @all plz visit http://jiignesh.blogspot.in/2012/06/gold-weekly-chart-silver-daily-chart.html
[10:18] jiignesh -: yes, some comex/mcx traders too
[10:20] Rahul Goel: shai just like the other day as in BN since crude made a 5IB day yesterday can we have the low of crude in the first hour of today
[10:22] jiignesh -: @kris,i joined u in popcorn
[10:23] Shai C: yes Rahul rules apply everywhere
[10:25] Kris 123: @jiignesh bhai – aap to jeweller hai – popcorn bechna – aap ko shobha nahee deta – atleast – woh to ham jaise becharon ko de deejiye na! πŸ™‚
[10:25] Shai C: be back in 10 mins
[10:26] r m: @Kris, per wo to sone ke popcorn bechte hain na πŸ™‚
[10:26] jiignesh -: @kris @r m sone ke…
[10:27] Kris 123: @Rm – you mean the buyers lack of capacity is making his gold mountain split up into popcorn and selling? πŸ™‚
[10:28] jiignesh -: @kris mandi chal rahi he to popcorn bech k guzara kar raha hu
[10:28] Kris 123: both NF and BN around vwap – moment of truth – above – will take them to 80% rule – and then sky is the limit πŸ™‚
[10:29] r m: @jiignesh, are mandi kaisi? MMS to 10 billion USD daan karne ki promise kar rahe hain πŸ™‚
[10:30] jiignesh -: @r m, usko thodi na kamane jana he
[10:30] r m: πŸ˜€
[10:31] jiignesh -: bhikhari bhikh dete aacha nahi lagta ye is MMS ko kon samjaye
[10:31] r m: are Congressi to bahut amir hain, apne funds se bhee de sakte hain itna to πŸ™‚
[10:32] jiignesh -: aapna fund to swiss se naikalenge nahi kabhi
[10:32] jiignesh -: amir to honge hi, 50 years raj kiya he
[10:33] r m: lol
[10:33] jiignesh -: is basanti or viru ne to india ko dubane ki than hi li he
[10:34] r m: yada yada hi dharmasya glani bhavti bharata πŸ˜€
[10:34] Pasi C: meaning rm?
[10:34] jiignesh -: wah
[10:34] r m: pehle bhi shri RG duba gaye the to PV ne sambhala tha πŸ™‚
[10:35] r m: @Pasi, just a misquote from Gita – whenever Dharma is destroyed … πŸ™‚
[10:35] jiignesh -: friends how many of you here see, satyamev jayte…
[10:35] Pasi C: I do jiigs
[10:36] jiignesh -: @r m, @kris, @shai ???
[10:36] Pasi C: when dharma destroyed GOD will take birth ….correct rm?
[10:36] r m: yes Pasi
[10:36] jiignesh -: @pasi correct
[10:37] Pasi C: πŸ™‚
[10:37] Pasi C: I love Gita
[10:37] jiignesh -: @pasi really?
[10:37] Kris 123: with a small difference – God creates himself – is more appropriate I guess πŸ™‚
[10:37] r m: πŸ™‚
[10:37] Pasi C: western countries studying Gita now as a management course
[10:37] jiignesh -: πŸ™‚
[10:37] Pasi C: Yes Jiig
[10:38] Kris 123: Is BN leading the way? – into 80% zone!
[10:38] jiignesh -: @kris, when will trending move will start in market?
[10:38] Pasi C: Krishna was a great Manager
[10:38] r m: or God infuses someone with enough Godliness to take care of us folks πŸ™‚
[10:38] jiignesh -: @pasi lord krishna was the best politician ever
[10:39] Kris 123: @Jiignesh – it is only the scale problem – 50 points is trend for popcorn sellers like me – and you need 1K points! – that is the main issue πŸ™‚
[10:39] Pasi C: I dont know whther God exist and preached Geeta but The central idea of Geeta is good
[10:40] jiignesh -: @pasi u r right
[10:40] Pasi C: I hear it almost everday
[10:40] jiignesh -: @kris u need 50, i need 100…enough
[10:40] Kris 123: @Rm – small correction – infuses someone – change to infuses something πŸ™‚
[10:41] r m: πŸ™‚
[10:41] Kris 123: I have recently observed that even a number is God for many people – hence the correction πŸ™‚
[10:41] jiignesh -: @r m u have ami's new cracked version ?
[10:41] jiignesh -: ha 3-6-9 are god for some people
[10:42] r m: no jiignesh, my poorly fabricated AFLs crash version higher than 5.20 πŸ™‚
[10:42] jiignesh -: but above that numbers…god is everyting
[10:42] jiignesh -: πŸ™‚
[10:42] Pasi C: kris sounds like philosopher
[10:43] r m: @Kris LOL
[10:44] Kris 123: Ok friends – time to move on – have a meeting to attend – will be back by 1 PM πŸ™‚
[10:44] r m: bye Kris
[10:44] jiignesh -: bye
[10:44] Kris 123: @Jiignesh – hold IB low – we may have a 5300 expiry πŸ™‚
[10:44] Pasi C: bye kris
[10:44] jiignesh -: forget…..
[10:44] jiignesh -: we need 50-100 only
[10:45] Pasi C: july? kris
[10:45] Kris 123: @Pasi – we have 200 points to get and 6 trading days – should be enough πŸ™‚
[10:45] Pasi C: ok
[10:45] Kris 123: @Jiignesh – the prayer is for you – I will close my popcorns at 5150 itself πŸ™‚
[10:46] Kris 123: Bye πŸ™‚
[10:46] jiignesh -: byeeee
[10:47] jiignesh -: @r m, i need good afl for MP u have
[10:48] jiignesh -: ?
[10:49] r m: @jiignesh, only AFL available for MP are by milind – Kaka
[10:50] jiignesh -: that i already have, need some extra…
[10:50] r m: i have not seen anything except those two
[10:51] jiignesh -: ok, so afl experts not interested in MP,
[10:51] r m: any organisation selling MP AFL will have to pay for copyright to CME
[10:52] jiignesh -: oh really?
[10:52] r m: yes, the market profile concept is their copyright
[10:52] jiignesh -: ok now i understand why
[10:53] r m: so you get good MP tools only with costly charting softwares
[10:53] jiignesh -: yes like shai using
[10:54] r m: for ninja trader, good tools available for around 250 USD one time charge, ST is using them
[10:54] jiignesh -: 250 USD is not a big…
[10:54] r m: yes
[10:55] r m: but for basic price profile the Market Profile AFL by milind-kaka is good enough
[10:55] jiignesh -: @r m, i think ami users
[10:55] r m: volume profile is not accurate in amibroker
[10:55] jiignesh -: do not like other SW
[10:56] jiignesh -: ok so for VP any option?
[10:56] r m: @jiignesh, ninjatrader is a free tool, you only have to pay for data and indicators
[10:56] r m: for VP, use Shai's charts πŸ˜€
[10:56] jiignesh -: πŸ™‚
[11:03] jiignesh -: algo in BN
[11:12] Shai C: usdinr dancing today
[11:12] Shai C: there's a gap at open today- not filled yet
[11:12] Shai C: 56.15- 56.32
[11:13] Shai C: otf at 56.15- buyer
[11:13] Shai C: anything down to 56.15 should be bought with sl below 56
[11:14] Shai C: @Jignesh/ RM- MP is a fading concept, it's VP which will become very big
[11:15] jiignesh -: hmmm
[11:15] Shai C: but the concepts still rock solid from MP
[11:15] r m: yes Shai
[11:15] jiignesh -: togather MP and VP we rocks
[11:15] Pasi C: VP?
[11:15] Shai C: use the concept and rely more on volume than time
[11:16] Shai C: volume profile
[11:16] jiignesh -: yes shai
[11:16] Pasi C: ok
[11:16] jiignesh -: searching for VP afl
[11:16] Pasi C: MP s abt reading volume na
[11:17] Shai C: Buy abv IBH for VAH, with sl below vwap
[11:18] Shai C: Pure market profile is about the charts we have using tpo's
[11:18] Pasi C: oh
[11:18] Pasi C: ok
[11:23] Rahul Goel: shai buy above IBH is executed will keep vwap sl
[11:23] jiignesh -: [11:17] Shai C: Buy abv IBH for VAH, with sl below vwap- done in BN
[11:27] Shai C: BN already did 80 %
[11:27] Shai C: abv vah now
[11:27] Shai C: 9812 algo is sl for Bn longs
[11:27] Shai C: vwap is better
[11:28] Shai C: I think 9860 spot is last week's low
[11:29] Shai C: bias for longs becomes better if we cross pdh in futures
[11:31] jiignesh -: πŸ™
[11:31] Pasi C: how  delete a message from chat box@shai
[11:37] Shai C: Lots of rollovers taking palce in this band
[11:38] Shai C: it's become very common around expiry to keep the market quite and rollover big volumes in a 50 point range
[11:42] jiignesh -: give me9922
[11:46] Shai C: keep that NF long SL below 5102
[11:46] Shai C: mkt still rotating searching for direction
[11:48] Rahul Goel: okay shai
[12:04] jiignesh -: @shai gold near 30100, selll blw 30100 sl 30156, or no sl follow signal?
[12:05] Shai C: proper stop os vah 30225
[12:05] jiignesh -: biggg
[12:05] Shai C: just be careful around europe open
[12:06] jiignesh -: u said below 30100 because val 30105 rite?
[12:07] Shai C: yes
[12:07] jiignesh -: ok
[12:07] Shai C: and there was a gap down
[12:07] jiignesh -: ?
[12:09] jiignesh -: @shai usd-inr bbtop 56.49, any close here or abv same will be highly bullish, whats ur view?
[12:09] Shai C: yes
[12:10] Shai C: 56.50 is HVN
[12:10] jiignesh -: close abv HVN means highly bullish, new buying interest?
[12:10] Shai C: yes
[12:11] jiignesh -: fine
[12:11] Shai C: only risk is RBI intervention
[12:11] Shai C: they will sell dollars higher
[12:11] jiignesh -: u feel they are able to do anything?
[12:11] Shai C: yes
[12:11] jiignesh -: how much dollars, we r at stage where pocket will be empty
[12:12] Shai C: without the central banks of the world, there wouldn't have been bulls today πŸ™‚
[12:12] jiignesh -: πŸ™‚
[12:12] r m: @jiignesh, a retail player's pocket would be empty before RBI πŸ™‚
[12:12] jiignesh -: lol
[12:13] jiignesh -: @shai, wo wahi dollar sell karte he na jo hamara forex reserve he?
[12:13] Shai C: yes
[12:14] jiignesh -: then dont u think, wo din dur nahi jab india k pas crude k liye dollars nahi honge?
[12:15] r m: phir hum sona bechenge πŸ™‚
[12:15] jiignesh -: πŸ™‚
[12:15] r m: 1990, Chandrashekhar Govt.
[12:16] jiignesh -: ok bye all
[12:16] r m: bye
[12:16] jiignesh -: will meet u after some days
[12:17] jiignesh -: bye r m, bye shai
[12:20] Shai C: stops taken in those adventurous longs abv IBH
[12:20] Shai C: still no signs of  a direction
[12:27] Shai C: gold looks like profit taking mode rather than big selling considering that No qe means upward climb is steeper now
[12:27] Shai C: big move in gold from may -would have been anticpation of further stimulus
[12:30] Shai C: read on twitter that hosting big football tournaments increases sales of all the beer companies
[12:31] Shai C: Maybe Mallya should consider that option insead of putting money in cricket and airlines
[12:31] r m: πŸ™‚
[12:32] r m: some buying at 5099-5100 but volumes are low
[12:34] r m: πŸ™‚
[12:34] Pasi C: it wakes up me every 15 min
[12:34] r m: are you using Gong?
[12:34] Pasi C: no
[12:34] Pasi C: Timeleft
[12:34] r m: ok
[12:37] Shai C: that 3IB rule in progree in crude
[12:42] Rahul Goel: i took my booked early
[12:45] Kris 123: [10:07] Kris 123: any way – I might be biased – I took 5100CE at 48
[12:45] Kris 123: back
[12:47] Shai C: IBh to 2IB is a good book
[12:47] G D: GA all!
[12:47] r m: Hi Kris, Girish πŸ™‚
[12:48] Shai C: at non trend day developing
[12:48] G D: Hi RM. Just logged in after a travelling morning session
[12:49] r m: no auto trading these days? πŸ˜€
[12:49] G D: No man. I started driving
[12:49] r m: ok
[12:49] G D: I saw that couple of SMS came at correct time. Did Shai fix something with SMS system or was it a fluke?
[12:50] Kris 123: Hi Girish πŸ™‚
[12:50] G D: GA Kris! OK. Have to ask you too. Did you also do some magic
[12:54] G D: BN is at an interesting point. I am guessing today afternoon there will be some big move
[12:59] G D: the DPOC and yesterday's POC are exactly at same point so far.
[13:00] Shai C: Hi Girish
[13:00] Shai C: Our Man Kris is looking at a solution for all out twitter woes
[13:00] G D: GA Shai. Just mentioned that I got SMS at almost real time
[13:00] Shai C: I've left the problem in his safe hands
[13:01] G D: Absolutely! My jo was done yesterday – Bring up the problem":)
[13:01] G D: *job
[13:02] Shai C: 5200 ce reducing today could have been some anticpatory longs
[13:02] Shai C: for the open
[13:03] Shai C: @ kris, what does the future rollovers project
[13:03] Shai C: I think the rollovers are abv avg this time
[13:04] G D: Shai – yesterday I saw 14L added in both 5000PE and 5300CE
[13:04] G D: May be it was to protect against Benny's surprise – downside or upside!
[13:05] G D: http://www.stocksfortune.com/FOReport
[13:06] Shai C: that ce addition at 5300 was big
[13:07] G D: There are two possible trades for afternoon: 1. Sell below PP0 (9775) with yesterday's POC 9840 SL  2) Buy above Pdh+20 and keep yesterday's POC (9836 SL). The market has been too quiet for last 2 days. So expecting some move in the afternoon ..
[13:07] Shai C: for OI – this site has been revamped and looking good- http://myfno.com/
[13:07] Shai C: yes we will get a sharp move from balance
[13:09] Shai C: the USDINR move will give the bear hope
[13:11] G D: yes Shai. I am also biased by USDINR right now..
[13:16] G D: OK. Took a small short @9820 with 9859 SL
[13:20] Kris 123: Sorry -in a meeting could not participate here.
[13:20] Kris 123: But I am buying some 5100CE at 48 again – which I sold at 60
[13:21] Kris 123: I am expecting a short squeeze past 5135 today afternoon!
[13:21] r m: @Kris, those listless vwapbands encourgaing you?
[13:21] Kris 123: Remember today is Thursday – and we generally close at highs today πŸ™‚
[13:21] Shai C: Kris has news of Subbu being ordered to pull USD INR down
[13:22] Kris 123: @Rm – yes – and the bands coinciding with Shai's 5092-5096 range – encouraging me a lot more πŸ™‚
[13:22] r m: @Kris, your old Gita has been re-written by Shai πŸ™‚
[13:22] Shai C: spot 56.53- life time high
[13:23] Shai C: still no selling near IB low nf
[13:23] r m: could be OMC contracting for crude supplies at the low price
[13:24] Kris 123: @Rm – it has been Rm Gita for some time – and then – Shai Gita – every one interprets it in the way they want it – and all the bad mouth gets attributed to Kris πŸ™‚
[13:24] r m: lol
[13:30] Shai C: Bn has enetered IB
[13:30] Shai C: at vwap
[13:30] Shai C: IB band trade is a possibility in BN
[13:31] Shai C: sl abv dpoc
[13:31] Shai C: sl abv POC
[13:31] Shai C: below 5092 it should crac k
[13:33] Kris 123: Shai is bearish – Girish took short – looks I will be a big fool!
[13:33] Shai C: I'm bearish below 5092 only
[13:33] Shai C: we still in the balance
[13:34] r m: @Shai, ICICIDirect  is showing 21% rollover for NF and just 9% for BNF till EOD yesterday
[13:34] Shai C: thanks RM
[13:35] Kris 123: magar mere pass subbu hai ( in the mere pass maa hai style ) :):)
[13:36] r m: πŸ™‚
[13:37] Kris 123: 5100CE+PE reached 101 now – from 130 2 days back!
[13:43] Pasi C: hit both sways
[13:44] Pasi C: *ways
[13:48] Shai C: range is 22 points
[13:48] Shai C: mkt will hit 10 point stops
[13:49] Shai C: BN buy abv pdh with 20 point stop as a range break
[13:50] Shai C: break of this range is the only trade
[13:53] Shai C: If Bn leads up we can get a break away move
[13:54] Shai C: that failed trade below IB H is an indication that it does not want to go down
[13:54] Shai C: abv vah- pdh range break confirms
[13:55] G D: Back from lunch. Looks like a failed short for me! Will buy abv pdh if SL is triggered
[13:56] G D: Going against Kris/Subbu is probably not a great idea πŸ™‚
[13:56] r m: πŸ™‚
[13:57] Kris 123: I strongly object Girish – it has to be Kris & Subbu not Kris or Subbu πŸ™‚
[13:57] G D: lol
[13:59] Shai C: yes Kris buys BN/ Subbu sells dollars
[13:59] Shai C: vah BN
[13:59] Shai C: 9905 is an LVN for a tgt abv pdh
[14:04] Shai C: 9870
[14:04] Kris 123: [13:20] Kris 123: But I am buying some 5100CE at 48 again – which I sold at 60
[14:04] Kris 123: At 56 – I guess I earned a right to cover some!
[14:05] r m: those writers must have been a happy lot during your holidays πŸ™‚
[14:05] Rahul Goel: taking BN here at PDH
[14:06] G D: Nifty/BN not behaving in the same way today
[14:08] G D: I also switched sides at 9859.. Now hope to that I won't be disappointed by Kris and Subbu from here
[14:09] Shai C: rahul keep sl just below pdh
[14:09] Shai C: watch the vwap bands in BN
[14:10] Shai C: Kris in action
[14:10] Shai C: Great Job Kris!!
[14:10] r m: πŸ™‚
[14:10] G D: Thanks Kris!
[14:10] Pasi C: yes good trade kris
[14:10] Shai C: pdh guys can book here
[14:11] Shai C: 9900
[14:11] r m: Kris bought 147250 NF @ 5119.85 πŸ™‚
[14:12] r m: bought or sold, only time will  tell πŸ˜€
[14:13] G D: This could be going vertical for next hour?
[14:13] r m: yes, this is what Kris has been shouting from rooftops in an audience of deafs πŸ™‚
[14:13] Pasi C: paper trade buy@9920
[14:14] Pasi C: lol@rm
[14:14] r m: vah in NF at last
[14:15] G D: 3IB enough for me – selling at 9330… recovered all losess and made small profit. Thanks again Kris!
[14:15] Kris 123: Booking 50% at 65 in 5100CE –
[14:15] Kris 123: from 48
[14:15] Kris 123: thanks Shai
[14:15] r m: not bad Kris πŸ™‚
[14:15] Pasi C: kris rocks
[14:15] Kris 123: logic: 80% done
[14:15] Kris 123: and we are away from bands
[14:16] Kris 123: but personally I feel – a bear fry in the making – and we do not relent any time soon!
[14:17] Rajkumar S: shai  sir  any   sl  for  nifty  short  at  5104
[14:18] Shai C: rajkumar exit here
[14:19] Pasi C: buy NF now?@shai
[14:21] Rajkumar S: shai  sir   can  we  buy  now  nifty?
[14:21] Shai C: Pasi wait for a pull back into vwap
[14:22] Pasi C: ok
[14:22] Shai C: high risk buys abv white band with 2 IB and 3Ib done
[14:25] G D: Shai – we had a 10IB day when Subba opened his mouth. And also we are in that 2 minute plunge vaccum space. Does that lend any consession for a vertical 3IB+ move?
[14:25] Shai C: got in nf again
[14:26] Pasi C: bought?
[14:26] Shai C: yes Girish squeeze is possible
[14:26] Shai C: yes
[14:27] G D: Thanks Shai. I am anyway out at 3IB.. did not want to hang on to my position in the vaccum zone
[14:29] r m: 236700 @  5147.05 and 140250@ 5146.60
[14:29] Shai C: 10080 will attarct Bn noow
[14:29] Shai C: 5165 NF
[14:30] Kris 123: covering 75% at 5150 – as promised to Jiignesh in the morning.
[14:30] Kris 123: from 48 to 80 is not a bad journey I suppose πŸ™‚
[14:30] Shai C: vertical
[14:31] Kris 123: [10:45] Kris 123: @Jiignesh – the prayer is for you – I will close my popcorns at 5150 itself πŸ™‚
[14:36] Shai C: that pink in USDINR matched the green in BN
[14:37] Shai C: has to be RBI
[14:37] Kris 123: @Shai – I dont mind you speculating that it is RBI – I hope you dont draw conclusions about the collude – they are not related πŸ™‚
[14:38] Kris 123: [13:59] Shai C: yes Kris buys BN/ Subbu sells dollars
[14:39] Shai C: πŸ™‚
[14:39] Rahul Goel: shai can you move the blck box a bit down
[14:40] Rahul Goel: thanks
[14:40] Shai C: Bn has to hit 10080 on this move
[14:40] G D: Rahul – you don't expect crude to go vertical from here πŸ™‚
[14:40] Shai C: may be tom
[14:40] Kris 123: [14:16] Kris 123: but personally I feel – a bear fry in the making – and we do not relent any time soon!
[14:41] Shai C: Good work Kris
[14:42] Shai C: Notice the use of the word "work"
[14:42] Shai C: πŸ™‚
[14:42] r m: @Kris, at last you got Shai's pat πŸ™‚
[14:42] Kris 123: @Rm – there is no pat there πŸ™
[14:42] Kris 123: He is speaking of the Subbu connection – nothing else πŸ™ – No pat for the trade! πŸ™‚
[14:42] r m: just appreciation for your "work"? πŸ˜€
[14:42] Shai C: 10012
[14:43] Shai C: [14:11] r m: Kris bought 147250 NF @ 5119.85 πŸ™‚
[14:43] r m: lol
[14:44] Shai C: Now you know who worked for the bear fry
[14:44] r m: yes, very hard "working" chap πŸ™‚
[14:44] Shai C: 10017
[14:45] Kris 123: @Shai – this is unfair – I am screaming buy at 5095 – and you want to take 24 points away from me!!
[14:46] Shai C: USDINR into IB
[14:46] Shai C: will send BN higher
[14:48] Kris 123: [13:21] Kris 123: Remember today is Thursday – and we generally close at highs today πŸ™‚
[14:48] Shai C: lock profit in intra day NF trades here
[14:49] Kris 123: @SHai – I closed all CE at 90
[14:49] Shai C: sellers moving in
[14:50] Pasi C: great trade kris
[14:50] Shai C: yes very good trade
[14:50] Kris 123: @Rm – 5100CE+PE moved to 113 – but PE lost complete value – now a 40 point sell off should make the CE also lose – and m2M credits Shai and his friends account!
[14:50] Shai C: 3 IB day tom
[14:50] Kris 123: *accounts πŸ™‚
[14:51] Shai C: 5100 ce have covered on that move
[14:51] Kris 123: thanks Pasi!
[14:51] Shai C: so a retest is a buy
[14:51] G D: Kris – very good exit
[14:51] Pasi C: retest of?
[14:51] r m: @Girish, today both vwap got above IB area
[14:52] Pasi C: retest of day high?
[14:52] Shai C: 9997/ 5050 intra buyers will try to defend
[14:52] r m: BN vwap above 2IB πŸ˜€
[14:52] Shai C: Past retest of 5135-40
[14:52] Shai C: 9997/ 5150
[14:53] Shai C: swing sl is now 9800/ 5120
[14:53] G D: RM – that's what I noticed once my short trade failed. I was more influenced by INR than my own chart theories…
[14:53] r m: πŸ™‚
[14:54] Shai C: It's always BN- once it made the move abv pdh- it had to start
[14:55] Pasi C: 5000 pE +5200Ce is 40 now
[14:55] Shai C: we'll reduc e the PE on weaknes tom and ride the ce till expiry
[14:56] Kris 123: btw, A small strategy I am following is – on every part book of 5100CE – I am buying some 5200CE with it.
[14:56] Kris 123: I mean – it is a bias till expiry – we should move relentlessly high – so thought worth trying!
[14:56] Pasi C: man u r too fast@kris
[14:57] r m: @Kris, do you have a jetty at Vizianagaram, I mean you need some place to accomodate your new yacht na!
[14:57] Kris 123: @RM – Our Janak said he will give me the place – he has space for 10 of them πŸ™‚
[14:57] Pasi C: soon Kris will be AP Ambani rm
[14:57] Kris 123: @Pasi – it is a basket order that I type and keep it in Now.
[14:57] r m: OK, moving to Puduchery πŸ˜€
[14:58] Kris 123: as a basket it either gets executed or holds!
[14:58] r m: @Pasi, I am sure  that he will never have the Ambani traits πŸ™‚
[14:59] Pasi C: πŸ™‚
[15:01] Pasi C: not traits ,wealth rm
[15:02] r m: @Pasi, you mean he will build an Antila in Vizianagaram πŸ™‚
[15:02] Pasi C: lol
[15:02] Pasi C: may be kristila
[15:04] r m: lol
[15:04] Pasi C: or may be "krispond" like "lotus pond" of jagans
[15:05] r m: Kris is not a frog to live in a pond πŸ˜€
[15:06] Pasi C: not water pond rm  u r very innocent  a pond full of wealth
[15:06] Pasi C: πŸ™‚
[15:08] r m: πŸ™‚
[15:16] Shai C: next part of the move from a swing perspective depends on how BN handles 10065- 10080 tom
[15:17] Shai C: a pull back should come which will be a buy opp with sl below 9800
[15:18] Shai C: 5200 ce has not covered today
[15:19] Shai C: if they cover on weakness tom, we have our cues
[15:20] Shai C: 5300 ce has now the higher OI
[15:21] Kris 123: alright – I am a popcorn hunter – so covering 75% of 5200CE at 38
[15:21] Kris 123: expected day high close – and did nto want to risk 5100CE profits – hence the strategy!
[15:22] G D: Shai/Kris – gap up a possibility? I am not going to bet anything on that but just asking ..
[15:22] Shai C: possible
[15:23] Kris 123: @Girish – Friday gap up and rally till noon for a sell off in the evening is my route! πŸ™‚
[15:24] G D: Yes. long standing pattern as per your analysis!
[15:25] Shai C: usual culprits will be spain italy etc and their yields
[15:25] G D: Kris – On the same lines, I just noticed that your theory of low being made between 10:00-10:20 came true
[15:26] Kris 123: yes Girish – that pattern is working decently – now I am taking trades based on that.
[15:28] Kris 123: @Girish – btw, make it a point to visit the room regularly – that is another pattern working well for me.
[15:28] Kris 123: when you are around – some how my trades are going much better -you are my lucky mascot!
[15:29] G D: lol – for that you already have Subbu on your side. My vist is just like a few drops in the ocean. Can't make much of a difference πŸ™‚
[15:30] r m: for thirsty people even few drops are life saving πŸ™‚
[15:30] G D: RM πŸ™‚
[15:30] Shai C: 5176/ 10038
[15:30] Shai C: dpoc moved up in BN
[15:30] Pasi C: bye all
[15:30] Shai C: down in NF
[15:30] Shai C: bye all
[15:31] G D: OK guys. Bye for the day πŸ™‚
[15:31] Kris 123: Bye All πŸ™‚
[15:31] r m: Thanks friends, bye all, have a nice evening πŸ™‚