[08:59] r m: Good Morning folks!
*** Shai C, Welcome to the Vtrender conference room!
[09:02] Shai C: GM all
[09:09] J C: GM Shai…
[09:09] Girish Desai: GM RM, Shai and friends!
[09:10] J C: GM friends, RM…
[09:10] r m: Hi JC, Girish 🙂
[09:10] r m: @Girish, man you did a long vanishing trick 🙂
[09:11] Girish Desai: RM – sorry man. My job did all the vanishing trick…
[09:11] r m: lol
[09:11] Girish Desai: I even lost almost 3 kgs of weight
[09:11] r m: worked too hard
[09:13] Girish Desai: RM – one more thing is that, yesterday I tried logging in and the NSE NOW interface started asking questions like – which brand of undies you are wearing …
[09:13] r m: Page industry must be paying NSE for that ad 🙂
[09:14] Girish Desai: lol
[09:14] Shai C: Gm Girish
[09:14] Shai C: Good to see you
[09:14] Girish Desai: GM Shai! Thanks and hope you are doing great..
[09:15] Shai C: Just yesterday Kris sent a PM about you
[09:16] Girish Desai: Its been very busy life for me last 3-4 months
[09:16] r m: We missed you very much Girish. Manu has already left for Kneda so did not wish to lose another one to the great American story 🙂
[09:17] Shai C: I thought so
[09:17] Girish Desai: RM – is that true? So Manu was really serious. I used to think of his comments more as "wishful thinking"…
[09:18] r m: He left in April i think, was even in the room some time back – midnight watch 🙂
[09:18] Girish Desai: RM – interesting. I will send him and mail and check what's happening
[09:20] Girish Desai: Back to markets. I updated the BN data yesterday night and saw that BN hit January POC of 8970 or so and reversed for about 700+ points in 2 weeks
[09:21] r m: yep
[09:21] r m: Total OI in BN reached 2 year high the day before expiry
[09:21] Girish Desai: With rupee going below December lows and Indian ETFs INP/PIN .. already hitting 52-wk lows (below Dec lows), is sub 4500 expected?
[09:22] Shai C: range playing out is 4500- 5200 for this series
[09:22] Shai C: unless there is some massive QE form EU/ US we should go lower
[09:22] r m: @Girish, both fii and dii sold yesterday in cash, yet Nifty refused to go down much, it leads me to believe that non institutional cash buying is going on, so downward journey may be a painful long drawn one
[09:23] r m: won't have typed that long line if i had seen Shai's remark 😀
[09:23] Girish Desai: Thanks Shai, RM. Seems like I have a lot oc catching up to do. And I know the best place to find all the info is http://www.vtrender.com 🙂
[09:25] Shai C: opening swing 4914- 4897
[09:27] Shai C: USDINR coming back from 56.45 HVN
[09:30] Girish Desai: Shai – I don't remember seeing the yellow lines. Can you educate in 1 line?
[09:30] r m: dval/dvah
[09:31] Girish Desai: Thanks RM! I have been sort of the last bench student waking up just one day before the exam 🙂
[09:31] r m: lol
[09:32] r m: i have been a backbencher all my life – one who sleeps thru exams too 🙂
[09:32] Shai C: auction within value and range of yesterday
[09:32] Girish Desai: RM 🙂
[09:33] J C: shai in usdinr ..ibh shld be higher than 56.61
[09:34] r m: @JC, showing 56.61 in NSE NOW
[09:35] Shai C: ok than now
[09:35] J C: ys shai tx
[09:35] Shai C: a system refresh took away the tick data for thos e 3 secs
[09:36] J C: ys rm now is shwn 56.61.
[09:36] r m: @Shai, USDINR OF signals not received on twitter, but msgs are received when it reaches Power levels
[09:36] Shai C: yes RM, I noticed that
[09:36] Shares Trader: GM ALL
[09:36] Shai C: working on it. Hopefully the next signal will be through
[09:37] r m: Hi ST 🙂
[09:37] r m: Thanks Shai
[09:38] J C: $ fell sharply as RBI has asked state run oil companies to approach only a specific grp of state run banks for their dollar requirements….ystrday news
[09:38] r m: Thanks JC
[09:38] Shares Trader: Hello RM/Shai/JC/Girsh
[09:38] J C: wc sir…
[09:38] J C: HI ST…
[09:38] Girish Desai: GM ST, JC
[09:39] J C: Hey GD…great to have u back !
[09:39] Shares Trader: welcome Bk GD
[09:39] Shares Trader: Shai, i didnt receive any mail frm u
[09:41] Girish Desai: JC/ST – I have been a vtrender forever. Just keep going to hibernation mode due to work pressure….
[09:44] Girish Desai: JC – such RBI kind of news can be just a catalyst for short term. the strength of prevaling trend is what matters. I also never imagined rupee falling to 56 vs dollar
[09:45] Girish Desai: 1283 (SPOT) in ES is the 200DMA. I believe that it will be tested very soon
[09:45] J C: u r rite GD… ystrday it cracked from 56.46 odd levls to 56 & ten recovered
[09:46] J C: but this morn weakness is also due to some proposals tabled by RBI for $ & growth.
[09:47] Girish Desai: Thanks JC. Lot of times trends change around expiry. Rupee expiry was a couple of days back? So need to watch how things go in next few days.
[09:48] J C: wc GD. Though i must add that Viren had a positional long for 57, couple of days back.
[09:50] Girish Desai: BN is above VAH for most of 45 minutes. So may be has strength
[09:52] Shai C: there were no sellers below 4980 yesterday
[09:52] Shai C: 4890
[09:53] Shai C: yes ES went through the bal zone and broke below. should restest 1287
[09:53] J C: shai..any chances of GDP fallout today…
[09:53] Shai C: No OTF yet
[09:53] Shai C: mkt in value
[09:54] J C: k…tx
[09:54] Shai C: ST, got stuck with a few things last night. will mail you today
[09:55] Girish Desai: Crude has tanked to $86 but because of rupee slide, we don't see the reduced prices
[09:55] Girish Desai: Same with gold/silver too
[10:00] Shares Trader: ok Shai..
[10:01] Shai C: yesterday I sold the 4600-5100 spead at 86. expecting 40 with sl around 120 for the pair
[10:02] Shai C: we are in the 4782- 4940 bracket again and will continue to be here
[10:02] Shai C: 4944 is tough res now in june series also an hvn
[10:03] Shai C: 4782 is prev support/ corresponding to 4804 spot
[10:03] Shai C: technically we should tgt the lower end of the range as we have broken up from above
[10:03] Shai C: *down from above
[10:04] Shai C: all brackets are considered larger value areas
[10:07] Shai C: mismatch in the indices- BN at vah/ NF at val
[10:08] Girish Desai: Thanks Shai. I have been also watching BN and its staying abv VAH all this morning
[10:10] Girish Desai: RM, Shai – I have been getting SMS after 1 hour. Is there anything I need to change in twitter or is it all Airtel's fault?
[10:10] r m: some problem with twitter-telecom interphase, i have tata docomo, still getting sms sometimes in the evenings 🙂
[10:11] r m: guess, twitter on mobile is the solution
[10:12] Girish Desai: Thanks RM. I will download the twitter app for Blackberry and see if things change.
[10:12] Shai C: that's weird
[10:12] Shai C: I never had prob with the Reliance connection I use
[10:13] Girish Desai: Shai – it may be Airtel issue too. Past few days I have been getting emails on BB also with a 10 min delay
[10:13] Shai C: don't have ref for airtel banagalore, but no probs for mumbai, gujarat and delhi
[10:31] Shai C: any data today?
[10:31] r m: import/export data should be out today
[10:34] r m: 1100 Indian trade balance
[10:35] r m: 1700 Indian Forex reserve and Bank loan growth – thankfully they are after market 🙂
[10:37] Shai C: Bn heading for POC
[10:37] Shai C: 9350
[10:43] Shai C: the trend is gone from USDINR now
[10:44] Shai C: should stay these 50 points and create bal – 55.95- 56.45
[10:45] Shai C: which means green pink will give good trades
[10:53] Dr Bansal *: no chart visible in the trading room.
[11:04] J C: rumors abt UK/euro banks having sold $…..but y isn't eur/usd recovering
[11:05] J C: it was 1.2414 arnd 5.30 pm ystrdy
[11:08] Shai C: charts up?
[11:08] J C: y
[11:08] Shai C: k
[11:12] Shai C: JC, if you are watching eur/ usd, I don't think there will be much activity ahead of the NFP reports later at 6.00 pm
[11:12] Shai C: 1.2330 is a support line tagged from oct 2008
[11:12] J C: k…tx shai
[11:12] Shai C: http://www.vtrender.com/content/eurodollar
[11:13] J C: k
[11:36] Shai C: any news hitting?
[11:37] J C: nope..gdp fallout
[11:39] Shai C: 4874/ 9374 have regsistered time algos
[11:39] Shai C: I will have to restart the room if the projector fails again
[11:40] Shai C: Omnovia is having issues with their servers
[11:40] Shai C: Please relogin if disconnected
[11:41] Shai C: 80 % in BN
[11:47] Shai C: should paly out as a DD with yesterday's and today's auction rejected now
[11:49] Shai C: 4874 algo and 4824 HVN imm focus
[11:50] Shai C: Bn is a diff beat today though
[11:51] Shai C: 9270 is protected still
[11:51] Shai C: let's watch 4874/ 9366 now
[11:51] Shai C: [11:39] Shai C: 4874/ 9374 have regsistered time algos
[12:00] Shai C: dpoc moves down
[12:00] Shai C: 9252 still within reach
[12:07] Shares Trader: Shai C: 4874/ 9374 have regsistered time algos… here too
[12:09] Shai C: cool
[12:11] Shares Trader: consecutive 3 bars frm 11.35 Shai ?
[12:12] Shai C: let's see if they resist
[12:12] Shai C: that will be the bigger point of interest
[12:13] Shai C: it's diff to trade off that kind of signal otherwise in real time
[12:13] Shares Trader: yeah 4871 m lokign at ..might hold
[12:13] Shares Trader: yeah as u said autotrade may help
[12:14] Shai C: what's happening in BN?
[12:15] Shai C: 2 40 point moves from 9315
[12:15] Shai C: 2 – 40
[12:15] r m: 🙂
[12:16] Shai C: http://www.forexpros.com/indices/indices-futures
[12:17] Shai C: 4854- 68 roatations for the past 40 mins
[12:26] Shai C: I have to log off the room and re login
*** Shai C, Welcome to the Vtrender conference room!
[12:45] Shai C: test
[12:45] J C: k
[12:47] J C: gne
[12:48] J C: bck
[12:49] Shai C: USDINR traders be careful
[12:49] J C: r others here or gne to anothr servr
[12:50] Pasi C: long/short ? need to be carefull shai
[12:51] Shai C: I have had several people locked out from morning
[12:51] Shai C: don't know what's happening
[12:51] Shai C: there is a major breakdown at Omnovia
[12:51] Shai C: Other rooms are not working
[12:51] J C: man…
[12:52] Shai C: Pasi- there's no trend currently
[12:52] Shai C: I mentioned it last night too
[12:53] Pasi C: yes shai for me also It was showing"room not active currently " in th morning. Now its ok
[12:53] Shai C: this will whipsaw unless you play for 8-10 points
[12:53] Pasi C: ok
[12:53] Pasi C: actually I am holiding positional call of 58 CE @0.3 shai
[12:53] Shai C: I'm sorry about that Pasi, but even Omnovia support is helpless
[12:54] Shai C: Pasi exit that now and rebuy when we cross 56.55, as we may spend some time here and there will be weekend decay
[12:54] Pasi C: ok
[12:55] J C: is tere any other platform shai…
[12:56] Pasi C: ordrs not going through quickly in USDINR
[12:57] Shai C: in options it is a bit diff, but futures is great
[12:57] Shai C: JC, I did explore several before coming to Omnovia, guess I have to start looking again
[12:58] Shai C: the mkt conti nues the 4852- 4868 play
[12:58] J C: such inconvienence for u!!!
[12:59] Pasi C: Given any calls in NF/BNF today?@shai
[12:59] Shai C: well all's welll when it works well
[12:59] J C: yeah….
[12:59] Shai C: No OF calls excpet to cover the overnight longs
[12:59] Pasi C: ok
[13:02] Shai C: a break of 56.10 shifts the range to 55.95- 56.15
[13:03] Pasi C: broken
[13:04] Pasi C: I should have exited
[13:04] Pasi C: anyways keeping.1 as SL
[13:08] Shai C: weird to see the NF at lows and USDINR at lows too
[13:19] Shai C: 56.18 Sl can hit 55.95 now
[13:32] J C: racing towards sl….
[13:33] J C: sl hit
[13:43] Shai C: yes
[13:48] Shai C: move below 56.10 not materialised
[13:50] Pasi C: 3IB in NF&BNF what a day typical Friday
[13:57] Shai C: 4843 has time algo
[13:57] Jiignesh -: omg
[13:57] Pasi C: sell? shai
[13:57] Jiignesh -: bn short?
[13:58] Deepak C : shai, wat is time algo
[13:58] Jiignesh -: shai no alert
[13:58] Jiignesh -: even nifty alert not came
[13:59] Shai C: Jiignesh there was a problem with the rollover volumes yesterday, hence I advised exit of the long
[13:59] Shai C: we just have to wait for a new signal now
[13:59] Jiignesh -: oh that's saved me
[13:59] Jiignesh -: ok ok got it
[14:00] Shai C: Deepak, it's OTF activity which we are trying to detect
[14:00] Jiignesh -: I thought its short
[14:00] Shai C: No the long was wrong
[14:00] Jiignesh -: omg
[14:00] Jiignesh -: we missed big then
[14:01] Jiignesh -: 🙁
[14:02] Girish Desai: GA all!
[14:02] r m: GA Girish 🙂
[14:02] Jiignesh -: ga girish
[14:02] Girish Desai: Seems like 80% in BN was done and was predicted by Shai early morning
[14:02] Girish Desai: GA Jiignesh-bhai!
[14:03] Jiignesh -: 🙂
[14:03] Jiignesh -: Bhai…
[14:05] Jiignesh -: bye all
[14:05] Pasi C: Hi GD how ru
[14:07] Girish Desai: GA Pasi. I have really stretched with work for last few months. Hopefully it will get better soon.
[14:09] Pasi C: Good to see u after long time.Well how is your trading
[14:09] Deepak C : ok..tnx shai, now, how do you find out time algo, by big vol ?
[14:09] Shai C: deepak, total trades/ total ticks
[14:10] Deepak C : tnx..ok
[14:10] Shai C: @ deepak, ST has a way of doing it diff in Ninja based on time
[14:10] Shai C: results are the same most of the time
[14:10] Girish Desai: Pasi – No trading for last 3 months. Just logged in today and recovered my trading account passwords.
[14:11] Pasi C: 🙂
[14:11] Shai C: watch 4843 again
[14:11] Girish Desai: And of course, I can never trade without Shai's charts!
[14:12] Pasi C: true GD
[14:12] Deepak C : i c shai, there always something new 4 me here
[14:14] Shai C: It's still under development- I will post a write up on that soon
[14:14] Shai C: below 4824 we can eye a triple distribution tgting 4810
[14:14] r m: @Shai, Buy signal on the make in USDINR, take it here or above 56.45?
[14:15] Shai C: abv 56.45 +
[14:16] Deepak C : shai, i and all of us r waiting 4 tat post… so nice of u
[14:16] r m: Thanks
[14:16] Girish Desai: Any Friday afternoon short covering expected?
[14:17] Shai C: was tuesday a sell?
[14:18] Shai C: I think with the ES lower, nobody will buy here
[14:19] Shai C: but some profit bookiing will come if we do not go lower
[14:19] Girish Desai: Back in August/Oct 2011. The standard trading pattern used to be that the Friday afternoon on first day of new series low made and
massive gap up on Monday morning. May be the pattern has changed…
[14:20] Girish Desai: Shai – I have a small long on Green at 9245 with day low SL. This is the first trade after months.. so expect it to be a losing trade
anyway
[14:21] Shai C: if it comes back through pdl, then VAL is given
[14:21] Pasi C: oh book GD
[14:21] Pasi C: first trade after months will be profitable
[14:22] Girish Desai: Pasi – lol. you are speaking like the teen patti guys. First they will let the bakra win and then it will be all losing from there 🙂
[14:22] r m: lol
[14:22] Pasi C: 🙂
[14:23] Pasi C: Idea take 3 months gap again for another profitable treade GD
[14:23] Girish Desai: 🙂
[14:24] Shai C: First USDINR alert came out on twitter
[14:24] Shai C: for some reason, the trade refused to appear as an alert
[14:24] r m: Yes Shai, Congrats!
[14:25] Shai C: it's actually the third trade, with the first trade clocking 0.90, the second one 0.45
[14:25] r m: yes, the first two did not make it thru twitter sensor board 🙂
[14:25] Shai C: yes
[14:25] r m: *censor
[14:26] r m: looks like going straight to IBH
[14:27] Shai C: still not able to pierce 4844
[14:27] Shai C: the vol candles show an excellent pattern of that algo holding the line
[14:35] Girish Desai: 1295 i ES .. 1280 by tonight? There was a zone of 1257-1292 which was traded for quite sometime in Oct-Dec 2011. May be that is also on
the cards ..
[14:39] Shai C: 1287 was the oct or nov high
[14:40] Shai C: once that break abv 1329 failed it had to retarce lower
[14:40] Girish Desai: yes Shai – the high was 1287-1292
[14:42] Shares Trader: Hello Again evryone
[14:42] Shai C: played out- [11:49] Shai C: 4874 algo and 4824 HVN imm focus
[14:43] Girish Desai: GA ST!
[14:43] Shares Trader: Shai..today algo workd out perfectly na..with high as stop
[14:43] Shai C: ST another one at 4843
[14:43] Shares Trader: 🙂 ys..i hv tht too 😀 superb day
[14:43] Shai C: stopped the move up several times
[14:43] Shares Trader: ys first stop survived ny 2pts
[14:43] Shai C: That one
[14:44] Shares Trader: whts ur time limit ? m chking only 35-50 secs
[14:44] Shai C: sub 35
[14:45] Shai C: US should bounce tonight
[14:45] Shai C: all bad news from the NFP is in
[14:45] Shai C: a positive surprise will put it in the middle/ top of the range again
[14:45] Shares Trader: shai..gev some term to ths algo
[14:45] Shai C: testing breacket lows at 1289
[14:46] Shai C: will have to be a very bad number for that to break
[14:46] Shai C: besides overnight inventory is very short and short covering on positive news is a big possibility
[14:47] Shai C: ST, I just named it Time algo :0
[14:47] Shares Trader: ok 🙂
[14:47] Shai C: [13:57] Shai C: 4843 has time algo
[14:49] Girish Desai: Anybody knows BN low of May series? Was it 8950-8970?
[14:49] Shares Trader: whn u plan to put up those charts in room ?
[14:49] Shares Trader: aftr weeks observation
[14:50] Shai C: There's no place for charts, will just add the alerts to these
[14:50] Shai C: Girish fut june was 8856
[14:51] Shares Trader: ok
[14:51] r m: May futures 8925 on 18may
[14:51] r m: spot 8995.25
[14:52] Girish Desai: Thanks Shai, RM. I was just guessing it based on SPOT low 9000 and some 50 points of discount..
[14:53] Shai C: One bounce is duw from here- maybe Mon
[14:54] Girish Desai: Shai – From what I remember, ICICIBANK is the first one which will point out if there will be a bounce on Monday or not
[14:54] Pasi C: USDINR?
[14:54] Shares Trader: 4844?
[14:55] Shai C: Pasi USDINR is a normal day, can't see it going anywhere
[14:56] Girish Desai: I just got the alert NIFTY @3IB 4840 – time on SMS is 13:54:22 – exactly 1 hour delayed! My twitter account setup issue?
[14:58] Shai C: can't be twitter
[14:58] Shai C: U have another number?
[14:59] Girish Desai: Shai – let me check with Airtel guys this weekend. Or there was someone who suggested delete the twitter account and try creating a new
one
[15:00] Girish Desai: VWAP by 3:15 or VWAP band low by 3:28?
[15:23] Shai C: 4836 in spot
[15:23] Shai C: 4844/ 4874 mon focus
[15:24] Girish Desai: RM – this is a nice post http://vtrender.com/content/bank-nifty-daily-30th-may-2012
[15:24] Shai C: no new shorts in the past hour
[15:24] Girish Desai: RM – One Q on that is what was the total OI of BN on that day? There's no scale on the chart for BN OI
[15:25] r m: Thanks Girish
[15:25] r m: that is bn OI only
[15:25] r m: it was approx 3 million that day
[15:25] Girish Desai: Shai – 3IB+ day today. Monday gap down + making lows in first hour is a high probability scenario?
[15:26] Shai C: yes
[15:26] Shai C: approaching a point where we either stop going down or rally
[15:26] r m: @Girish, that is the hitch in amibroker, only one scale is shown, rest one has to imagine 😀
[15:27] r m: icicbank has made to 2IB only now
[15:28] Girish Desai: Thanks RM. You have amazing patience to create all these nice charts! AMI guys should give a license for being the expert user!
[15:28] r m: lol
[15:29] Girish Desai: they might even learn a thing or two on how to use it from you :)…
[15:29] r m: 🙂
[15:29] r m: You must see ST's ninjatrader charts, they are awesome!
[15:30] r m: She is calculating all these time algos etc from those only
[15:30] Girish Desai: ST – have you shared them on a blog?
[15:30] Shai C: 4817/ 9200
[15:30] Shai C: She's logged off
[15:31] r m: Thanks Shai & friends, bye all, have a great weekend 🙂
[15:31] Shai C: Bye guys. happy weekend
[15:31] Girish Desai: Nice to get back on track. Have a nice weekend Shai and friends!
[15:32] Shai C: U too Girish