General Chat Transcript
Room Name: Vtrender
Date and Time: April 18, 2013 09:09:57
[08:46] Dushyant : gm all
[08:47] Vikas : GM all.
[08:54] Pasi C : GM all
[08:55] Pasi C : Hi Dushynt,Vikas
[08:57] Vikas : gm pasi
[08:58] Dushyant : gm pc
[08:58] Vikas : may be tcs will today break the tone set by infy
[08:58] Vikas : (as per results and guidance looks to me)
[09:03] r m : Good Morning folks!
[09:03] r m : Hi Dushyant, Vikas, Pasi
[09:03] Vikas : GM r m:)
[09:04] Shai : Gm all
[09:05] Pasi C : GM Shai
[09:05] Pasi C : no affect of global cues
[09:08] Shai : yes profile was balanced yesterday
[09:09] Shai : when that happens – in 90 % cases it is a flat open
[09:10] Shai : seller takes over USDINR
[09:15] Shai : 5782 – #feku 🙂
[09:15] r m : 😀
[09:17] Shai : wonder where that one came from
[09:17] Shai : Open in value
[09:18] Shai : BNF has a weaker open than past few sessions
[09:19] Shai : 5707/ 11989 are levels to watch early
[09:19] Kris 123 : Good Morning All 🙂
[09:20] Kris 123 : @Shai – can we take it that your 5774 is fulfilled? :):)
[09:20] r m : Hi Kris 🙂
[09:20] Kris 123 : If you allow, we would want to have a peaceful journey to 5368 🙂
[09:20] Shai : shows 10 contacts at 5782
[09:20] Kris 123 : Gm Rm 🙂
[09:20] Shai : not getting nullified
[09:21] Kris 123 : @Rm – did you see – inspite of such odds – Shai got his 5774 !!!
[09:21] Kris 123 : And… I am accused of all sorts of connections :(:(
[09:22] r m : yeah, he knows the number of contracts traded too, what other proof you need 😀
[09:22] Kris 123 : about to type that 🙂
[09:26] Kris 123 : @Shai – you posted day before yesterday transcript. 🙁
[09:26] Kris 123 : Not yesterday one!
[09:27] Shai : BNF holds the key again for bears
[09:27] Kris 123 : There are a few big business deals in that transcript! 🙂
[09:27] Shai : was the first to bounce from 11888 yesterday
[09:27] Kris 123 : Girish promised anything above 100 is mine in 5600PE 🙂
[09:28] r m : and knowing Girish's trade size that is surely a very big deal 🙂
[09:29] Kris 123 : I made a revelation that 11960 is a BN short for expiry!
[09:31] Dushyant : shai abv 5707?
[09:31] Shai : Kris- http://vtrender.com/content/vtrender-170413
[09:31] Kris 123 : @Rm – my rest of the life will be spent – dreaming on those black mondays from Thursday – and – disappointment from Monday to Wednesday 🙂
[09:31] Kris 123 : Thanks Shai !!
[09:31] r m : 🙂
[09:31] Shai : Buy NF abv 5709 for 5731
[09:31] Shai : sl 5703
[09:33] Shai : any cues from FII data?
[09:33] Shai : Kris we have the chat for the past one month on record now
[09:33] Shai : you can stake a claim anywhere
[09:34] r m : 😀
[09:36] Shai : From yeterday- [15:17] Shai : Open should be flat
[09:36] Shai : [15:29] Shai : we should have a quite morning tom and a volatile afternoon
[09:37] Shai : Profile is in the balance
[09:37] Shai : wait to add trades abv/ below value
[09:53] Shai : I've noticed that every time NSE releases the COT report, the mkt moves a few points up/ down
[09:53] Shai : lots of traders seem to be waiting eagerly for that
[09:54] r m : yes, it is getting popular 🙂
[09:56] r m : not much change yesterday except addition of some CE longs and some covering in futures and PE
[09:59] Shai : already out?
[09:59] r m : yes, updated
[09:59] Vikas : at what time shai?
[09:59] r m : these days NSE guys wake up early sometimes 🙂
[09:59] r m : @Vikas, normally after 10 AM
[10:04] Shai : quite today still
[10:04] Shai : IB is about 20 points if we ignore that 5782
[10:05] r m : @Shai, this one plots the NF movements with FII index OI and daily changes in OI http://tinyurl.com/NF-FII
[10:07] r m : looking at this chart we may as well name nifty as fiifty 🙂
[10:11] Shai : Thabnks RM
[10:11] r m : welcome
[10:11] Shai : That net index OI is FII Oi?
[10:11] r m : yes
[10:12] Shai : very nice
[10:12] r m : Thanks
[10:13] Vikas : Thanks r m.
[10:13] r m : welcome Vikas 🙂
[10:13] Shai : Your charts are amazing, bring out the data vividly
[10:14] r m : created specifically as per your requirements Shai 🙂
[10:14] r m : Looks like Kris friends are getting their hand in
[10:14] Shai : Yesterday they covered some more indec and pe's
[10:14] r m : yes
[10:15] Shai : but all rolled over?
[10:15] Shai : It's that time of the month when they should be doing all this
[10:15] Girish Desai : GM all!
[10:15] r m : could be, that part is never clear in Participant data
[10:15] r m : Hi Girish 🙂
[10:15] Girish Desai : GM RM, Shai, Kris
[10:16] r m : @Shai, either we should have a upmove before expiry or immediately after that seeing the net CE longs of FII?
[10:16] r m : maybe just to kill SL of shorts
[10:16] Shai : Is the data for a series or net of all?
[10:16] r m : net of all
[10:16] Shai : ok – then it should not matter
[10:17] r m : yes
[10:17] r m : rollovers are automatically cancelled
[10:17] Girish Desai : Shai – can you check Crude pdl? Was it 4620 or 4720?
[10:18] Girish Desai : Now the market is moving in steps of 200 pts a day – so hard to keep track if it was 46XX or 48XX!
[10:19] Shai : 4670
[10:19] Girish Desai : Thanks!
[10:20] Shai : this sis still apr
[10:20] Girish Desai : yes. I think expiry is 19th
[10:20] r m : yes
[10:20] Shai : usdint changes track
[10:20] Shai : now green
[10:21] Shai : *USDINR
[10:21] Girish Desai : Crude is known to make big swing on expiry day
[10:22] Shai : yes
[10:22] Shai : yesterday's move was on the inventory report too
[10:23] Girish Desai : NG for some reason is not affected by the selling frenzy in comms. Its holding the upper range of 232-227 intact
[10:25] Girish Desai : RM – There's a line read online from George Soros – don't remember where. The saying went – find a trend with wrong premise and bet heavily against it.
[10:26] Girish Desai : The only problem with that is I may not have enough money to withstand M2M losses. George Soros can!!
[10:26] Shai : 🙂
[10:26] r m : even he will bet other's money, keeping his own in trends only 😀
[10:27] Girish Desai : yes!
[10:28] r m : @Girish, most of the big guns in trading went bankrupt time and again perhaps because of that MTM problem 🙂
[10:28] Girish Desai : exactly. there was one fund which lost billions shorting Crude back in 2006-2007 while it was moving up. We all know eventually crude tanked from $140+ to $30!
[10:29] r m : problem is that even larger funds smell the competitors positions in the market and muscle them out
[10:30] Girish Desai : true.
[10:32] r m : that way trading is even more agressive than war, soldiers take care of other side's injured once action is over, trader's just take over the assets of the vanquished 🙂
[10:32] Kris 123 : @Girish – GM 🙂
[10:32] Girish Desai : Hi Kris
[10:34] Girish Desai : Kris – I would have bought Crude/Copper at these levels – if there was no M2M to be taken care!
[10:34] Kris 123 : @Girish – Copper -ok – Crude – there is a lot more to come!
[10:34] Kris 123 : my view 🙂
[10:35] r m : OMCs must be enjoying these rare days, cheap crude and cheap USD 🙂
[10:36] Pasi C : Kris Can I add 5600 PE here?
[10:37] Kris 123 : @Pasi – it is a lottery of sorts – not exactly a trade – so averaging many times is not desirable.
[10:37] Kris 123 : Though I still feel – it will work!
[10:37] Girish Desai : Kris – between copper and crude, copper has definitely fallen much more
[10:37] Pasi C : ok thx
[10:38] Kris 123 : @Girish – dont know about INR – so cant comment – but Crude will reach $65-70 in a month or so! 🙂
[10:39] Girish Desai : Man. what else you want 4949 Nifty, $65 in crude, $2.6 in copper. Next thing we know is Bernanke is pleading Kris to cover his shorts 🙂
[10:40] r m : lol
[10:40] Kris 123 : @Girish – if one works, the others also work – I am not asking for too many things 🙂
[10:41] r m : @Girish, Kris surely does not believe in "getting rich slowly" 😀
[10:41] Girish Desai : 🙂
[10:42] Kris 123 : @Rm – this is unfair – I look at things – take a view – and announce it to everyone !!
[10:43] r m : true Kris 🙂
[10:43] Kris 123 : Allright – from now on – I will take the posture that – "This can be 2nd of 4th wave or 3rd of 5th" -:)
[10:44] r m : don't forget the a,b,c and 1.x etc. they make it even more mysterious 🙂
[10:51] Dushyant : charts stuck?
[10:52] r m : working, just a bit late i guess
[10:53] Pasi C : rm how is summer there
[10:53] r m : not very bad so far
[10:54] r m : there was snowfall in the higher mountains last week, so morning and evening are still very pleasant
[10:54] Pasi C : here it is 40
[10:55] r m : yeah, you got good weather over there 🙂
[10:55] r m : next month it will be 40 here too
[10:56] Pasi C : 🙂
[10:57] Pasi C : whats the coolest place in India
[10:57] Pasi C : not in Kashmir
[10:58] r m : Coolest will be Ladakh, that has got altitude as well as latitude
[10:59] Pasi C : ha
[11:00] Kris 123 : hmm… looks Shai wants his 5773 again!
[11:01] Kris 123 : just to answer the allegation that he booked out on a freak quote 🙂
[11:01] r m : 🙂
[11:02] r m : 5700PE has 80 lakh OI
[11:03] r m : just the same as 5700CE, we should have a royal battle these 4 days!
[11:05] Pasi C : tom is a Holiday
[11:06] r m : 4 days include today as well 🙂
[11:06] Pasi C : 🙂
[11:07] Shai : No buyers abv vah yet
[11:11] Girish Desai : There was some spike to 5770 early morning?
[11:16] Shai : fake trade
[11:16] Shai : But all these guys get visited in regulat hours
[11:17] Girish Desai : Got it.
[11:20] Shai : BNF abv vah
[11:20] Shai : should go to 12086
[11:21] Shai : NF back at vah
[11:25] Shai : Buy a 5800 ce
[11:25] Sumit : sl ?
[11:25] Shai : 14.6 now
[11:26] Shai : Hold it with 5699 NF as SL. add abv 5734
[11:32] Shai : t
[11:36] Shai : 12080- (11:20) Shai :should go to 12086
[11:55] Pasi C : NF need more support from BNF
[11:56] Shai : BNF will pull back a bit
[11:56] Shai : 11980 if held is a buying opp
[12:02] Shai : vah now in BNF
[12:02] Shai : IBH is with vwap and critical
[12:02] Shai : in BNF
[12:08] Shai : Not enough longs coming at vah in BNF
[12:08] Shai : 12.30 europe open
[12:09] Shai : 1- 2 is volatile algo hour- anything can happen 🙂
[12:23] Shai : Keep the BNF buy abv 12093- tgt 12150/ 11230
[12:57] Pasi C : 5740
[12:57] Pasi C : much awaited move
[13:01] Shai : 12149
[13:02] Shai : usdinr touched vwap and lost all green
[13:02] Shai : well not all- most of it
[13:06] Dushyant : target 5774?
[13:08] Shai : yes
[13:09] Shai : stops can be raised to 12065/ 5716
[13:09] Shai : 5800 ce- 19.5
[13:10] Dushyant : ok
[13:10] Pasi C : should be 28
[13:10] Pasi C : if NF reaches 5774
[13:11] Shai : thanku- very useful
[13:20] Shai : Bnf is another buy at 12120 here with sl 12078
[13:20] Shai : tgt 11230
[13:20] Shai : 12230
[13:31] Shai : reduce part of the 12120 buy at 12186
[13:31] Shai : and ride the rest
[13:33] Shai : 12183
[13:33] Shai : we will get back to 12130
[13:33] Shai : where you can add again
[13:39] Shai : finally pressure lifting in NF
[13:39] Shai : ready to go now
[13:40] Shai : 12190/ 12230 in BN now
[13:41] Shai : was at 12136- (13:33) Shai :we will get back to 12130
[13:48] Shai : NF is recieveing supply higher
[13:48] Shai : BNF is tiring off
[13:48] Shai : 12140 visit and test imp now
[13:49] Sumit : good amount of supply inNF
[13:49] Shai : yes
[13:49] Shai : once it lifted and then came back
[13:49] Shai : raise all stops to 5 points below pdh
[13:50] Sumit : my gut feeling – upmove over for the day
[13:50] Shai : BNF aggressive stop is 12136 now
[13:50] Shai : hmm
[13:51] Pasi C : why Sumit
[13:52] Shai : as long as 12136 holds in BNF the upmove will still happen
[13:52] Sumit : personal view – may be wrong
[13:58] Pasi C : Most of the time I loose trades because of sleeping during trading hours 🙂
[13:59] Pasi C : A bad student pays for sleeping in school as well as in trading room
[14:00] Shai : Lots of people brought that break above 5734
[14:00] Shai : the mkt is stesting them
[14:00] Shai : I feel smart money bought lower day before are selling out now
[14:01] Shai : from a risk reward persepctive teh gain is 30 more points from here
[14:01] Shai : for 5744
[14:01] Shai : only BNF is carrying on
[14:02] r m : @Pasi, create a PC gadget rasing alarm every 5 minutes, I use bartime alarm indicator in NT to keep me awake 🙂
[14:05] Pasi C : 🙂
[14:11] Pasi C : http://www.moneycontrol.com/news/fii-view/see-huge-global-sell-offmay-nifty-may-go-to-5200-ambit_854762.html#toptag
[14:17] r m : @Pasi, those guys are frustrated by these neo bulls it seems 😀
[14:20] r m : @Shai, Please post profile chart for HDFC bank over the weekend if possible, results on tuesday
[14:21] Shai : ok will do
[14:21] r m : Thanks
[14:21] Pasi C : yes rm
[14:27] Shai : cover BNF longs- 12214
[14:28] Shai : almost done- (12:23) Shai :Keep the BNF buy abv 12093- tgt 12150/ 11230
[14:31] Pasi C : great call Shai
[14:32] Shai : something weird happening in BNF here
[14:32] Shai : hence the exit
[14:32] Shai : spot is pushing higher
[14:32] Shai : 12229
[14:37] Dushyant : @ shai abv 5774….5900?
[14:37] Shai : 5910
[14:40] Shai : is it 5773?
[14:40] Shai : or 5774?
[14:40] r m : 5772.55
[14:40] Shai : lol 🙂
[14:40] Dushyant : 🙂
[14:40] Dushyant : shai ..wer do expect close?
[14:41] Shai : 5800 ce is 25
[14:41] Shai : close will come lower
[14:41] Shai : book the 5800 ce
[14:42] r m : 5774 done
[14:43] Shai : 5700 ce is being squeezed
[14:46] Pasi C : close around?@Shai
[14:48] Shai : fluid now
[14:48] Shai : if 5700 ce keep running, we close at highs
[14:58] r m : that freak tick at 5782 is freak no longer 🙂
[14:58] Dushyant : 🙂
[14:58] r m : BN did 3IB and NF did 1IB 🙂
[15:05] Shai : 5714 next tgt, sl 5770
[15:05] Shai : cmp 5790
[15:05] Pasi C : 5814?
[15:06] Shai : yes 5814 🙂
[15:08] Pasi C : today poss?
[15:09] r m : yes, that is for today only
[15:09] Shai : 12330/ 12372 in BNF
[15:09] Pasi C : thx rm
[15:10] Shai : Pasi we will give it 5 mins till 3.15
[15:12] r m : @Shai, looks like FII had their reason for those CE longs 🙂
[15:14] Shai : yes
[15:15] Shai : they always get it right don't they
[15:15] r m : yeah
[15:16] Shai : Not happening today
[15:17] Shai : exit the longs from 5790
[15:18] Dushyant : mon opening?
[15:21] Shai : flat open or slightly down
[15:21] Shai : always diff to say when there is a friday holiday
[15:22] Shai : longs of the day are taking profits
[15:24] Dushyant : ok
[15:27] Shai : taking some 5800 pe with me
[15:28] Shai : small qty for mon
[15:28] Shai : did mention yesterday that thurs is a good time to buy puts
[15:29] Pasi C : ok Bought 5700 PE
[15:29] r m : Thanks Shai
[15:30] Pasi C : Bye all
[15:30] r m : Thanks and bye folks, Have a great weekend 🙂
[15:30] Pasi C : Happy Sree rama Navami
[15:30] Shai : Bye all
[15:31] Pasi C : Sree rama ramarametirame rame manorame sahasra nama tttulyam rama nama varanane!
[15:31] r m : Happy Ram Navami 🙂
[15:32] Dushyant : Happy Ram Navami 🙂
[15:32] Shai : Happy Ram Navami to all
[15:32] Dushyant : bye all
[15:32] Shai : Enjoy the weekend
[15:33] Shai : MCX will be ON from 5.00 pm tom