General Chat Transcript
Room Name: Vtrender
Date and Time: August 07, 2014 09:31:05
[09:02] r m : Good Morning folks!
[09:06] Shai : GM all
[09:06] Shai : http://vtrender.com/levels-and-plan-for-7th-aug/#more-22355
[09:08] r m : Pre-market suggests open at 7650/15100
[09:10] Kathir : Good Morning Shai RM ge
[09:13] r m : Hi Kathir
[09:23] Amit J : GM Shai, RM, Kathir and others
[09:23] r m : Hi Amit
[09:26] Shai : Open mostly near pdl in NF
[09:26] Shai : 7706 – 7724 are 2 levels for the bull to cross intra
[09:27] Kathir : Hi Amit
[09:27] Shai : and on spot 7645 back to being a trend supp
[09:30] r m : NF was 3IB yesterday, so good chance of first hour low staying thru the day
[09:33] Shai : yes also huge supp at 7652
[09:33] r m : ok
[09:33] Shai : CNXIT is below the 10390 mentioned
[09:33] Shai : so BNF may be up for a bounce today
[09:55] Shai : IB’s have been quiet this week
[09:55] Shai : The moves have come in last 2 hours
[10:02] Kathir : @Shai shall we short bnf with SL above 15180..?
[10:11] Shai : wait
[10:11] Kathir : ok
[10:11] Shai : there are buyers
[10:11] Shai : see the blue
[10:12] Kathir : yes shai blue dominating today morning
[10:12] r m : @Kathir, please allow till POC 🙂
[10:12] Kathir : 🙂
[10:12] Kathir : ok granted 🙂
[10:13] Shai : 15180 needs confirmation
[10:13] Shai : one seller is come
[10:13] Amit J : at your 7706
[10:14] Kathir : @RM bnf 80 % on the way .
[10:15] Shai : yes
[10:15] r m : @Kathir, yes, but it has to cross Shai’s 180 Lakshman rekha first 🙂
[10:16] Shai : Not mine certainly 🙂
[10:16] Shai : The market decided to crown that level for 3 days in a row 🙂
[10:16] r m : 🙂
[10:16] Kathir : 🙂
[10:17] Shai : buyers still in NF
[10:18] r m : @Shai, dval at 15115 ok as a stop for longs above VAL?
[10:20] Shai : yes
[10:20] r m : Thanks
[10:20] Shai : NF can do 7725
[10:25] Shai : cnxit can fall upt0 10200
[10:25] Shai : That gives BN space to move up
[10:25] Shai : index management
[10:35] r m : @Kathir, man you are stong!
[10:35] r m : *strong
[10:36] Kathir : all credid to our guru SHAI
[10:38] Shai : NF has strong buyers at vwap
[10:38] r m : yes!
[10:42] Kathir : @RM is it ok if we trade for 80 % again if it cosses val..
[10:42] Kathir : val is above vwap also
[10:43] Shai : No longs abv 15180 only
[10:43] r m : Thanks Shai
[10:43] Kathir : ok
[10:44] r m : If it goes and stays above 180 then better chances of long’s success and would need shorter stop as well, maybe dvah in that case
[10:45] Shai : yes it is a 3 day level and price below it
[10:46] r m : ok
[10:46] Shai : so bigger TF will use the level to exit long positions
[10:46] Kathir : @RM in that case shall we take SL below VAL
[10:46] r m : @Kathir, actually the moment price comes below 180, that trade will be under threat
[10:47] r m : if shorts exit above 180 then price should see a spurt
[10:47] Kathir : ok thanks
[10:48] r m : just loud thinking, we will harrass Shai if that opportunity comes for his expert comments 🙂
[10:48] Kathir : 🙂
[10:49] Shai : yes that area above 15180 means a fast rise to 15260
[10:50] r m : ok, thanks
[10:50] r m : BN is neutral now
[10:50] r m : oops, that 177 was in the IB
[10:50] Amit J : how neutral
[10:50] r m : not neutral, NV so far
[10:50] Amit J : only one side broken
[10:50] r m : yes
[10:50] Amit J : ok
[10:51] Shai : surprising reversal back to 7678
[10:51] Shai : first buyers of the morning were at 7678
[10:53] r m : that algo in BNF at PDL seems to be a buyer
[10:53] Shai : yes
[10:53] Shai : big one
[10:53] r m : Thanks
[10:56] Kathir : @Shai in case bnf goes to 14970..shall i try some CE bnf
[11:02] Shai : yes kathir
[11:02] Shai : but keep a sl
[11:02] Kathir : ok shai i will confirm with you.thanks
[11:26] r m : laaaarge bar in NF 🙂
[11:27] r m : about 200K is the volume in that bar
[11:28] Shai : ok
[11:29] Shai : closer to 7655 the other day were all buyers
[11:29] r m : yes
[11:32] Shai : BNF can be a counter trend trade abv IBL for 15150 sl of day low which is ps1
[11:57] Shai : BNf at vwap
[12:12] Kiran : can i take IBL trade ?
[12:12] Kiran : now
[12:15] Kiran : same in NF?
[12:19] Shai : yes
[12:19] Shai : It’s what we call the IB band trade
[12:20] Shai : If you see blue in pance above then enter at IBL for vwap and IBH
[12:20] Shai : *pane
[12:21] Kiran : ogot
[12:21] Kiran : ok got it
[13:22] Shai : Intra day change chart- http://screencast.com/t/ZOq3edxt
[13:24] Kathir : @Shai 7700 pe being added ?one arrow mark towars 8000 ?
[13:25] Shai : 7700 pe being cut and 8000 ce being moved to 7700 and 7800
[13:25] Shai : They are feeling bearish – writers
[13:26] Kathir : ok thanks
[13:26] Shai : trigger for short is still 7650F
[13:26] Kathir : ok
[13:26] Shai : buy a 7500 pe is that breaks in parts
[13:26] Shai : eventual target will be 7530F
[13:27] Kathir : ok thanks
[13:33] Shai : one week change chart of the same OI- http://screencast.com/t/V3zIhNP6zSB
[13:34] Shai : shows bears becoming stronger at 7700 and bulls protecting 7600
[13:48] r m : 155 done!
[13:49] Shai : some global machinery went to work in those last 10 mins- http://screencast.com/t/46TWbmA3aa9L
[13:49] r m : This Jing works perfectly!
[13:50] Shai : Yes it does 🙂
[13:51] r m : sellers in NF above 7700
[13:52] Shai : Upto BNF again at 1515-= 15180
[13:53] r m : @Shai, now shorting at 180 only after confirming that sellers are getting in?
[13:54] Shai : what d ..
[13:54] r m : 😀
[13:54] Shai : 7748
[13:55] Shai : Yes RM that would be a righjt view
[13:55] r m : thanks
[13:56] Shai : I got nothing between 7708 and 7748
[13:56] r m : yes
[13:56] r m : it was done in single second!
[13:57] Shai : fat finger
[13:57] Shai : has to come back to 7708
[13:57] r m : BN did POC in that instance
[13:57] Kathir : exactly 200
[13:57] r m : yes!
[13:59] Shai : 7709 to 7749
[14:00] Shai : Mark it 13:54:31 – we have to hear about it
[14:01] Kathir : time?
[14:01] r m : fat finger operating time 😀
[14:05] Shai : I was gonna say that the move up came early from 7670
[14:06] r m : ok
[14:06] Kathir : @Shai for bnf entry above 180 whats the SL
[14:08] r m : @Kathir, I am keeping VAL but that seems too low
[14:08] r m : specially if you consider that algo at 15196
[14:09] r m : hope it is not a seller 🙂
[14:11] Kathir : @RM yes val seems to be abetter one at present..:)
[14:11] r m : oops, pink coming, today is not the day for 80%!
[14:12] Shai : Kathit in this kind of environment NF has to come back to 7708 in 95% cases
[14:12] Shai : avoid longs for now
[14:12] r m : ok
[14:12] Shai : always remember there are no intra day gaps
[14:12] Shai : (13:57) Shai :has to come back to 7708
[14:14] Shai : I got 9828 contracts at 7748 13:54:32 and 336 contracts at 7709 13:54:31
[14:14] r m : 🙂
[14:15] Shai : one sec change
[14:15] r m : that too because NSE does not have sub-second time stamp
[14:15] Shai : image is troo small to post
[14:16] Shai : maybe in evening will post
[14:18] Shai : Yes RM
[14:22] Kathir : @SHai 9828 contrs at 7748 means sellers?
[14:22] Shai : looks like the algo sold
[14:22] Shai : yes
[14:23] r m : here we are – not very accurate but still gives info 🙂
[14:23] r m : http://screencast.com/t/Ndh2ChF2Y
[14:23] Kathir : @RM that guy is very about sell on rise 🙂
[14:24] Kathir : @RM thanks ..infact you have given more volume than shai 🙂
[14:25] Shai : It’s correct
[14:25] Shai : there is volume in the seconds after that at same price
[14:25] r m : yes
[14:25] Shai : OrderFlow shows no losses
[14:25] Shai : There were buyers at 7705+
[14:26] Shai : and they covered looks like enmasse when they got the price
[14:26] r m : that must be Kris, pre-empting the bulls 😀
[14:27] Kathir : @RM now NF looks better than bnf for day traders
[14:28] r m : yes
[14:29] r m : @Kathir, did you notice how BN followed Shai’s commands of 150 above IBL? went about it in a very tortuous way but did that at last!
[14:31] Kathir : yes ge the problem is that we are not obeying shai 🙂
[14:32] r m : disobedient students get punished by market 🙂
[14:32] Kathir : lol
[14:32] Shai : Orderflow of that second- http://screencast.com/t/etku7YDx4X
[14:33] Kathir : is it a profit booking shai?
[14:35] Shai : Yes Kathir
[14:35] Kathir : ok
[14:36] Shai : a dip to 7708 is a buy and can add abv 7725 again for 7784/ 7804
[14:37] Shai : If that buyer is interested at IBH he will do 2IB again at close
[14:37] Shai : already a neutral day
[14:37] Shai : so neutral extreme or center only for closing hour
[14:41] Shai : came to 7710?
[14:42] r m : yes 7711 i think
[14:42] Shai : 2 point gap
[14:43] r m : now can buy above 7725 with 7708 stop?
[14:43] Shai : yes
[14:43] r m : Thanks
[14:44] r m : @Kathir, BN showing blue after kicking us out!
[14:45] Shai : wait for blue at 7708 to buy
[14:45] Shai : always let price confirm
[14:45] r m : ok
[14:45] Kathir : @Rm yes ge 🙂
[14:46] Shai : NF got a shock at 7708 is hesistating just at the doorstep 🙂
[14:46] Shai : 7709 was the trade
[14:48] Shai : freak got closed?
[14:49] Kathir : @RM i asked shai whether to buy bnf CE..i planned for 15500 ce @90 ..but it turned from 107 to 166 🙁
[14:50] Kathir : will bnf hold 15100 today?
[14:50] r m : yes, actually we could have bought CE at IBL, i hesitated entering BNF because the risk:reward seemed equal at that time
[14:51] Shai : took an hour to do what ahppened in a sec-(13:57) Shai :has to come back to 7708
[14:52] Kathir : yes
[14:54] r m : back to the lows!
[14:54] Kathir : terrific
[14:56] Kathir : @RM now sellers showing the power
[14:56] r m : so some one distributed bonus to longs at 7748!
[14:56] r m : yes
[14:56] r m : It is like lifting the hammer before putting it to use
[14:56] r m : 🙂
[14:56] Kathir : 🙂
[14:59] r m : now 7748 is a good ref for shorts 😀
[15:04] Kiran : its like new rbi policy after 2 days.
[15:05] r m : 🙂
[15:06] Kathir : 🙂
[15:09] Shai : what a day it has been
[15:09] Shai : 7690 is neutral center
[15:18] r m : looks like that fat finger was paid heavily by bears 😀
[15:19] Kathir : yeah 🙂
[15:20] Kathir : bnf res of 15260 is very clear now.but nf not sure
[15:20] Kathir : nf trades everything
[15:21] Shai : RM if you check that chart I posted on OF there were only sellers at the top
[15:21] Shai : market locked 7650 buyers and 7750 selelrs
[15:22] Shai : (14:32) Shai :Orderflow of that second- http://screencast.com/t/etku7YDx4X
[15:22] r m : yes, but how did the price reach 7748 if there was no buyer in between 7708 and 7748, that is a bit puzzling
[15:23] Shai : yes that’s the mystery of these fat fingers
[15:23] r m : lol
[15:23] Kathir : lol
[15:23] Shai : 7 mins 10 points
[15:23] r m : MTF mysterious fat fingers 🙂
[15:23] Shai : 🙂
[15:23] Kathir : 🙂
[15:25] Kathir : @RM fii’s dii’s or intitutional traders can they view the whole order book
[15:25] Kathir : we see onl 5 orders here
[15:26] r m : anybody paying for Level 2 quotes can see whole order book i think
[15:26] Kathir : level 2 quotes?
[15:26] Shai : that same chart shows buyer lifting everything from 7702
[15:26] r m : Shai also gets to see a lot of them
[15:26] Shai : actually it started at 7690
[15:26] Shai : will post the full chart after close
[15:26] r m : ok
[15:27] Shai : there is huge buying from 7690
[15:27] Shai : that may answer your Q
[15:27] r m : ok
[15:27] Kathir : Shai in this case if market closes below 7690..then that buyers r in trouble?
[15:28] r m : @Kathir http://www.nseindia.com/supra_global/content/dotex/data_products.htm
[15:28] Shai : No Kathir
[15:28] Shai : It is a neutral day
[15:28] r m : there are three level of quotes, we get level 1 in the trading softwares
[15:28] Kathir : ok
[15:29] Kathir : @RM thanks
[15:31] Shai : Bye all
[15:31] Shai : Have a nice eve
[15:31] Kathir : thanks and bye all 🙂
[15:31] r m : Thanks and bye folks, have a great day 🙂