General Chat Transcript
Room Name: Vtrender
Date and Time: April 16, 2013 09:17:27
[08:54] r m : Good Morning folks!
[08:54] Dushyant : gm all
[08:54] Dushyant : gm rm
[08:58] Shai : Gm all
[08:59] r m : Hi Dushyant, Shai
[09:11] Kris 123 : gm all 🙂
[09:11] r m : Hi Kris 🙂
[09:12] Kris 123 : Hi rm, shai, dushyant 🙂
[09:13] Kris 123 : gap down?
[09:13] r m : almost flat
[09:13] Kris 123 : inr suggests the same
[09:13] Kris 123 : but some one sold big at close
[09:14] Shai : lots of sellers into the close
[09:14] r m : yes
[09:14] Shai : and again they are proved right
[09:14] Dushyant : opening not satisfactory
[09:14] Shai : why?
[09:15] Dushyant : only 6 points
[09:15] Kris 123 : Shai – had to mobilise all the friends 🙂
[09:16] Kris 123 : hmm.. open drive?
[09:17] Pasi C : whats happening
[09:21] Pasi C : my good ness i have booked 5500pe yesterday.its always good to book
[09:21] Shai : open drive
[09:22] Shai : meets old red at 5594
[09:23] Shai : all shorts quickly covered who anticpated a gap down
[09:24] Shai : a move abv 5598 will bring 5632-5644
[09:26] Girish Desai : GM all!
[09:26] Shai : bulls will watch 54.49 closely all the usdinr
[09:26] r m : Hi Girish 🙂
[09:27] Girish Desai : GM RM, Shai, Kris, Dushyant
[09:28] Girish Desai : RM – was SGX fakeout number?
[09:28] r m : @Girish, that may come later too, but even SGX low was 5507
[09:29] Girish Desai : Kris – short?
[09:29] r m : not all that bad considering ES
[09:29] Girish Desai : RM – I also think we might see the lows later
[09:30] r m : this show may be for overnight shorts, now morning longs will be punished 🙂
[09:30] Girish Desai : RM – too much of outguessing the outguesser going on here!
[09:30] r m : lol
[09:30] r m : only in talk, not in trade 🙂
[09:31] Girish Desai : Not you man – the market is doing all this!
[09:32] r m : yes!
[09:37] Pasi C : green reduced?
[09:38] r m : yes, that algo at 5622 is the culprit
[09:40] Shai : 5627
[09:40] Shai : 54.49 not broken yet
[09:42] Girish Desai : What a move in BN out of nowhere!
[09:42] Shai : BN can do 11796
[09:43] Shai : SL at pdh- 11680, cmpo 11705
[09:45] Shai : 5635
[09:45] Girish Desai : Almost 200 pt IB
[09:46] Shai : a move abv 5644 will bring 5687- 94 on pure short covering
[09:46] Shai : and that short covering will put 5774 in play by friday
[09:48] Pasi C : 5774 hmmm good nuber
[09:48] Shai : they covered longs to meet margins
[09:48] Shai : we are covering shorts to do the same!!
[09:49] Shai : makes sense?
[09:49] Shai : they = US traders
[09:50] r m : FII data updated, negligible changes yesterday
[09:50] r m : http://tinyurl.com/desiCOT
[09:52] Shai : thanks RM
[09:52] r m : welcome
[09:53] Shai : Open drive shifts into P profile mode
[09:53] Shai : PDH is the ref point followed by VAH now
[09:54] Shai : one dip should come around 12.30 which if met by green delta should give us a close at highs
[10:14] Shai : 43314- supp in silver today
[10:15] Shai : UsdinR not breaking 54.49 yet
[10:15] Shai : A move abv 5644 matched with a move below 54.49 is bullish intent to me
[10:16] Shai : Tgts remain 5774 and 54.20/ 53.90
[10:17] Shai : even if we stay here profile will show single prints by close
[10:18] Shai : meanwhile IV's are not pointing that the long puts have closed yet
[10:40] Shai : vwap rejection by usdinr as delta pushed red
[10:48] Shai : 54.45
[10:52] Sumit : what was that algo at 5622?
[10:52] Shai : was morning longs booking
[10:59] Shai : 5622 dpoc today and also the highs of last week
[11:00] Shai : will be the first supp today followed by 5494
[11:00] Shai : I still feel a close abv 5622 is a reason to buy 5700 or 5800 ce as the immediate tgt beoomes 5774
[11:01] Shai : sl can be maintained at 5594 for the rest of the week if we get that close abv 5622 today
[11:02] Shai : *becomes
[11:13] Shai : FDN updated- http://bit.ly/14xjFvj
[11:18] Shai : Int to note that FDN is pointing to more higher levels in BNF
[11:19] Shai : 11730 is the ref level in FDN which points to 12000+ on a close abv
[11:19] Shai : 11730 is also IBH today
[11:19] Shai : 234 point IB after a 300+ point range yesterday
[11:20] Shai : 10900 were the lows of last week
[11:38] Dushyant : seller in nifty?
[11:38] Shai : yes
[11:38] Dushyant : chck
[11:39] Shai : sure
[11:40] Shai : 146K
[11:44] Vikas : to execute this big size(146k) in ticks didn't move prices down? lots of bids at his selling level is the reason?
[11:45] Shai : yes
[11:45] Shai : some one mopped up all the new breakout buys
[11:46] Shai : now if they are pressurised enough to cover then the mkt will move down
[11:46] Shai : already ina 10 point loss-
[11:47] Vikas : big seller in 10 point profit.
[11:47] Shai : yes or he will cover
[11:47] Vikas : ok. thanks.
[11:47] Shai : 147000/ 50 X 10 points
[11:48] Vikas : yes.
[11:48] Vikas : i was also calculating that;)
[11:48] r m : 🙂
[11:49] Kris 123 : well – for popcorn players – it is 1..2..3.4.5.6.7.8.9.10 and …. then infinity 🙂
[11:50] r m : 🙂
[11:50] Vikas : is 5646 an algo then?
[11:51] Vikas : (asking as per viren tweet)
[11:54] Shai : He has a different set up for his system
[11:55] Vikas : ok..
[11:55] Shai : looks like that green canle was him covering half
[12:27] Shai : europe open in 3 mins
[12:37] Shai : The P shape devloping has a very long tail today
[12:38] Shai : still don't see intra day OI down from yesterday
[12:38] Shai : that would have been an indication that shorts covered
[12:39] Kris 123 : @Shai – so shorts have not covered still?
[12:43] Shai : can't see it in OI atleast
[12:44] Kris 123 : hmm… pretty confusing to me – today's move atleast!
[12:45] Dushyant : 5500/5600 puts oi almost 1cr
[12:45] Kris 123 : even with hindsight – except margin calls – I am unable to understand this move from yesterday.
[12:45] Kris 123 : @Dushyant – 1 crore OI is not too huge these days – option volumes have increased significantly.
[12:46] Kris 123 : SBI results – do they happen this series or next one?
[12:46] Arun Madan : No prem in NF & BNF
[12:47] r m : @Kris, SBI is never in a hurry to declare results 🙂
[12:48] Shai : Kris I have a feeling we will see huge numbers by FII's/ DII's in cash today and none in index
[12:58] Shai : BNF delta is flat now
[12:59] Shai : NF neg
[12:59] Shai : Sl 5620 for all longs from here as we look at an extension into 5687 today
[12:59] Shai : cmp 5646
[13:00] Shai : BNF is showing signs of being tired here
[13:00] Shai : will be difficult for it to cross 11796 , but let's see
[13:06] Pasi C : going with red delta buying 5500pe here
[13:11] Shai : Imm delta increased the red 🙂
[13:12] r m : Pasi has big fire power 🙂
[13:14] Shai : 🙂
[13:14] Shai : There still isn't long interest at the highs
[13:14] Shai : supply more than demand there
[13:15] Shai : but he is not pushing it below 5632 yet
[13:23] Shai : shorts lifting in USDINR
[13:23] Shai : vwap /IBL is a key again
[13:23] Shai : 54.49 level is there now too
[13:24] Kris 123 : (12:48) Shai :Kris I have a feeling we will see huge numbers by FII's/ DII's in cash today and none in index
[13:24] Kris 123 : @Shai – I agree – equity sell gives more cash than future square off 🙂
[13:25] Kris 123 : I still believe the expiry will be at lows – probably sub-5300!! – I know it is a drastic statement to make – but – still – I have to trade my conviction 🙂
[13:26] Shai : Not ruled out yet
[13:29] Kris 123 : hmm… who are the sellers today is an important question – from what I can see – they are quite finicky – and – are closing shorts at drop of a hat – if they are like that – we should see 5800 before expiry 🙂
[13:30] r m : they are just trying to protect 5650, could be 5700CE writers 🙂
[13:33] Kris 123 : if they hold it for the day – more or less it looks it is saved for the series 🙂
[13:34] r m : yes
[13:51] Shai : Profile still keeps the P
[13:51] Pasi C : ok let it get past 5650 first
[13:52] Shai : Even if it does not, a close abv 5620 is bullish
[13:52] Pasi C : ok
[13:52] Pasi C : chart stuck
[13:52] r m : it is trading above 5650 presently 🙂
[13:52] Shai : only thing which has to happen then tom is an open drive down by the seller
[13:53] Vikas : data stopped here ?
[14:00] Shai : restarting- back in a min
[14:04] Pasi C : NF red delta
[14:05] Dushyant : selling big?
[14:05] Dushyant : long bar
[14:05] Pasi C : only SHai can read it Dushnt
[14:05] Shai : yes the rise is being sold into
[14:05] Pasi C : some divergence in play
[14:06] Shai : Profile still suggests 5687 as tgt
[14:06] Pasi C : their(Shorts) SL need to hit for a squeeze
[14:06] Shai : price plays first, delta later
[14:06] Dushyant : 🙂
[14:06] Shai : (12:59) Shai :Sl 5620 for all longs from here as we look at an extension into 5687 today
[14:07] Pasi C : yes
[14:08] Shai : vix is moving down
[14:08] Kris 123 : @Shai – this move – does this rule out an expiry at lows?
[14:09] Kris 123 : delta, OI suggesting something else from price action – I am clueless.
[14:09] Pasi C : any thing can happen Kris
[14:09] Shai : We will have to break 5620 now for that possibility
[14:10] Shai : let price decide 😉
[14:10] Shai : at 5594 delta was long , but mkt still tanked 100 points next 2 days
[14:11] Shai : I did not believe, even sent the data for verification, but it was right
[14:11] Kris 123 : true.
[14:11] Shai : these are traders like you and me, they can go wrong on timing too
[14:12] Shai : But in the end I think delta wins always
[14:12] Shai : It's a question of who remains more solvent when the mkt is iirational
[14:13] Shai : all these sellers from 5630 are selling more at 5670
[14:13] Shai : there were people who sold at the close yesterday, but the green delta in the morning showed that they covered quickly
[14:14] r m : the bitcoins of NSE (penny stocks) are jumping like grassphoppers 🙂
[14:14] Shai : these guys may be may or june types then
[14:15] r m : today is RIL result too and since last one year or so they are always on fire sale after results. But maybe badebhai has some broadband plans up his sleeve this time
[14:16] Shai : 10 days delta in RIL is now green
[14:16] Shai : so shorts are out
[14:16] r m : ok
[14:16] r m : Thanks
[14:27] Pasi C : better to book @5687 and rethink Shai?
[14:28] Pasi C : Because delta is red
[14:29] Pasi C : whats sl of this seller @5680 Shai
[14:30] Shai : Pasi I feel price will open up more abv 5694 to the 5774 I spoke about
[14:31] Pasi C : ok
[14:31] Pasi C : I am afraid of this red delta
[14:32] Shai : (11:00) Shai :I still feel a close abv 5622 is a reason to buy 5700 or 5800 ce as the immediate tgt beoomes 5774
[14:32] r m : buy those 5800CE, at 5774 they will be around 40 bucks
[14:33] r m : 14:40 risk reward 🙂
[14:34] Pasi C : 3 times
[14:34] Pasi C : Good bet rm
[14:34] Shai : we will exit tom if RIL is bad and niftt break 5620
[14:34] r m : ok
[14:34] Pasi C : ok
[14:38] Shai : RIL will move around a bit now
[14:42] Pasi C : here is 5687 great call Shai
[14:46] Shai : RIL is poised for a 35 point move from 804 up if there is no neg surprise
[14:46] Shai : 844 possible
[14:46] Shai : strtegy could be to buy 820 and sell 840 to reduce risk a bit
[14:46] Kris 123 : 40L OI increase in 5600PE!!
[14:49] Pasi C : means selling?
[14:49] Shai : think there will be a move to 5644 for a test tom
[14:55] Kris 123 : 1million shorts are added to the system – and NF rose by 100 points 🙂
[14:56] Shai : where did you see the 1 million?
[14:56] r m : 1.05 million delta
[14:57] Sumit : can you show sum of last 10 days delta for NF
[14:57] Sumit : like in RIL and SBIN
[14:57] Shai : Sumit, we plan to put then up too
[14:58] Shai : a few more days as currently it is interfering with the signal on the chart
[15:03] r m : shorts taking over RIL?
[15:08] Shai : Looks like day longs are going away in RIL
[15:10] Shai : and shorts are moving away in NF
[15:10] Shai : can escape to 5734 also quickly
[15:12] Kris 123 : @Shai – you intend to move it to 5734 today itself or what?
[15:12] Shai : That profile abv 5700 is for a quick move
[15:12] Pasi C : NF still not done 2IB
[15:13] r m : @Kris, Shai ko gussa aa gaya to 5774 bhee aaj hee 😀
[15:13] Kris 123 : @Rm – interestingly – 5600PE people – 5L of them booked profit – in the last 10 min.
[15:13] Kris 123 : @Rm – true – never mess with the master 🙂
[15:14] r m : @Pasi, have mercy on NF, IB was 102 points 🙂
[15:14] Shai : lol 🙂
[15:14] Pasi C : thats why not asking for 3 IB rm 🙂
[15:14] Shai : 5706
[15:15] Kris 123 : the globe is blood red – with minimum 0.5% every where – we are 2.2% up!!
[15:15] r m : the market with a difference 🙂
[15:15] Pasi C : US 30 up Kris
[15:15] r m : when ES was at highs we were at one year low too 🙂
[15:16] r m : @Kris, have you squared off the DJ shorts?
[15:16] Kris 123 : @Rm – no – will hold them for some time.
[15:17] r m : ok
[15:17] Kris 123 : Looks SHai wants adjust delta now 🙂
[15:17] Kris 123 : I just hope he does not reopen with all the red changed to green 🙂
[15:17] r m : lol
[15:17] Shai : No shockwave got a shock 🙂
[15:18] Pasi C : 5800CE not picking up the pace rm
[15:21] Dushyant : lol..
[15:21] r m : @Pasi, it went up from 14 to 19, almost 35% – guess your expectations from an OTM options are a bit too much 🙂
[15:28] Shai : sellers into the close again
[15:28] Dushyant : wat wud b open?
[15:29] Shai : algo into the close
[15:29] Shai : will be a gap for sure
[15:31] r m : Thanks and bye folks, have a great evening 🙂
[15:31] Shai : 54.32 usdinr
[15:32] Shai : 54.20 was the tgt below 55.50
[15:32] Shai : (10:15) Shai :A move abv 5644 matched with a move below 54.49 is bullish intent to me
[15:32] Shai : Bye all
[15:33] Dushyant : bye all