OrderFlow charts and Notes 04/09/15

[08:46]   r m : Good Morning folks!
[08:46]   r m : http://vtrender.com/levels-and-plan-for-4th-sept-2/
[08:46]   r m : http://vtrender.com/orderflow-charts-and-notes-030915/
[08:47]   r m : http://vtrender.com/consolidated-orderflow-030915/
[08:47]   r m : Nifty SEP Future levels | Key Reference Area 7726 | Hypo1 above 7883➜7922➜7944 SL 7841 | Hypo2 below 7810➜7771➜7743 SL 7859
[08:47]   r m : Banknifty SEP Future levels | KRA 16355 | Hypo1 above 16680➜16790➜16845 SL 16580 | Hypo2 below 16460➜16350 SL 16565
[08:51]   Anay : GM All
[08:52]   Sandeep : Gm all
[08:55]   Shai : GM all
[08:55]   Moses : GM All
[08:56]   Girish : GM All
[08:56]   Aayush : gm all
[09:00]   Anil : GM everyone
[09:03]   Soumya : GM all
[09:06]   Kathir : GM Shai RM all friends
[09:09]   Srini A : GM All
[09:09]   Vikkas C : GM all
[09:09]   Prakash : gm all
[09:09]   Prakash : gm all
[09:09]   Ashish : GM all
[09:10]   r m : Hi Kathir
[09:11]   Tejpreet : GM All.
[09:13]   Manthan : namaskar mitron! Gdmng
[09:17]   Tejpreet : Shai good call on taking puts at closing !
[09:18]   Shai : 🙂
[09:18]   Shai : that’s 4/4 times this week the OTF daily charts have shown the way
[09:18]   Kathir : yes Tej thanks Shai
[09:19]   Tejpreet : True …infact hypo 2 done all targets.
[09:20]   Shai : previous buyers here 7755
[09:20]   Shai : 7799- 7810 again the neutral zone for this ope
[09:22]   Shai : BNF very weak here
[09:23]   Aayush : any fresh lvl to enter here?
[09:24]   Shai : yes 17350 again a res
[09:25]   Kathir : @Tej I was into bnf PE when shai told to bu some PE 🙂
[09:25]   Tejpreet : Great …profit in moening makes reat of the day easier 🙂
[09:25]   r m : Great Kathir, congrats 🙂
[09:26]   Shai : 7803 res in NF can drop to 7724
[09:26]   Kathir : thanks RM Tej..yes Tej true makes the day very easy 🙂
[09:26]   Tejpreet : Kra 7727 lvn 7721 …Shai can this zone be brought with SL.
[09:28]   Kathir : @RM as always credit to Shai and profit to us 🙂
[09:28]   r m : @Kathir, yes, they call it equitable distribution 😀
[09:29]   Shai : extremes of the vwap band have been added to the Quotepage column on top left of 5 min and visible as vwlo and vwup
[09:29]   r m : Thanks Shai!
[09:30]   Vikkas C : thanx shai
[09:30]   Ashish : Thanks Shai
[09:31]   Kathir : thanks shai
[09:31]   Shai : BNF tgt is 16080 for this open
[09:31]   Shai : we will look to sell into the rise with stops abv 17370 on day
[09:32]   Kathir : @shai those values are trded price or only extremes of the band?
[09:33]   r m : vwap bands
[09:33]   Shai : extreme sd bands
[09:33]   r m : since they are not always visible on screen, they are shown in the table
[09:34]   Kathir : ok
[09:34]   Kathir : nf cracking
[09:34]   Prakash : I did’t get this call ?? (09:17 Tejpreet : Shai good call on taking puts at closing !)
[09:35]   Tejpreet : Prakash Shai said to take puts at closing looking at daily order flow.
[09:36]   r m : @Prakash – [15:26] Shai : OrderFlow shows some shorts reestablished 7840- 60[15:27] Sandeep : okay[15:27] Shai : so taking puts for open tom 7400 pe again added
[09:37]   Sandeep : woww those 4 rows of sellers at yesterdays close were serious
[09:38]   Shai : 7683 supp now below 7725
[09:38]   Shai : 7654 last one on day
[09:40]   Shai : dropping fast
[09:41]   Vikkas C : rbi tower on fire in bkc
[09:41]   Anay : vwap band expanding quickly
[09:42]   Prakash : tnks Tej, RM & Shai noted
[09:42]   Sandeep : markets are on fire , down though
[09:42]   Hemant : GM folks.. RK Thank you 🙂 for Monday to Friday trends
[09:43]   Shai : 7643- 7655 last known supp on intra
[09:43]   Sandeep : shai cover some puts of 7400 here
[09:43]   Sandeep : or wait
[09:43]   Shai : BNF there already- (09:31) Shai :BNF tgt is 16080 for this open
[09:46]   Kathir : Shai’s 7400 pe doubled from last eve 🙂
[09:46]   Tejpreet : Shai vix coming back to 27.3 above it can we expect 30 plus.
[09:46]   Shai : NF short here at 7689 and at 7810 in 2 parts sl of 7736 on day tgt 7643
[09:47]   Shai : go with smaller qty but we will take the ride as vwap can resist
[09:47]   Kathir : 6789 and 7710
[09:49]   RK : GM Shai,RM and all
[09:49]   r m : Hi RK
[09:49]   Kathir : Hi RK
[09:49]   RK : Hi Kathir..
[09:50]   Ashish : GM RK. How are your patients looking today?
[09:50]   RK : so the shake was not in the noon but at the end yday 🙂
[09:50]   Shai : serious drive has taken some levels out
[09:50]   RK : Ashish all longs yday so all are in coma now 🙂
[09:50]   Shai : vwap is the point of ref for the rest of the day
[09:51]   RK : but not loaded heavily..just went with few Ashish and all turned short now at open Ashish 🙂
[09:51]   Anay : vwap shows as “NA” in the top left box
[09:51]   Ashish : Clever Doctor
[09:51]   Ashish : ;
[09:51]   Shai : yes Anay that needs a fix
[09:51]   Anay : cool
[09:52]   Kathir : @Ashish thats why he is called as doctor 🙂
[09:52]   Ashish : Oh yes Kathir 🙂
[09:53]   Kathir : The way market fell today morning no time to get fresh entry ..
[09:53]   RK : I need drive or sideways to heal myself guys..so support by adding short positions 🙂
[09:54]   Ashish : I thought boom boom day was over yesterday, but it came right on time.
[09:54]   r m : 🙂
[09:54]   RK : Kathir you got your 16050 but you are saying missed entry 🙂
[09:55]   Kathir : RK yes had some PE exited morning 🙂
[09:56]   Tejpreet : Shai a weekly close below 7600 would mean we on our way to 7200 in this series.
[09:58]   Shai : not necessarily in the series but yes we could drop there
[09:59]   Tejpreet : Thanks
[09:59]   Kathir : shai mentioned 15700 bnf few days back
[10:00]   r m : yes 15700 and 7200 are the spectres haunting bulls 😀
[10:01]   Kathir : bnf 16630 sellers showed how poerfull they are
[10:01]   Kathir : powerfull
[10:01]   Shai : not a lot of huge selling today
[10:01]   Shai : so we have t wait out yesterday sellers to close
[10:02]   Shai : Cover NF all
[10:03]   Shai : we will look for a fresh intra day position in a bit
[10:03]   Shai : chances of 7643-7652 holding are there
[10:07]   Vikkas C : so shud we buy some calls shai
[10:08]   Shai : for vwap now only sl of 7640
[10:10]   Shai : Let’s take stock
[10:10]   Shai : Largish IB and an Open drivve
[10:11]   Shai : IBL and vwap 2 important parameters for the rest of the day
[10:11]   Kathir : mo -47 now
[10:11]   Shai : we go below IBL now we confirm a trend day lower
[10:14]   Porus : usd inr on steriods
[10:14]   Shai : 66.81 still res
[10:14]   Shai : but an open drive there as well
[10:14]   Kathir : above that what trgt shai usd
[10:14]   Porus : which leads which?
[10:15]   Shai : 67.20 abv 66.87
[10:15]   Kathir : thanks shai
[10:16]   Shai : currecies are considered te domain of the institutional player and hence “smarter” money flows there first
[10:17]   Porus : where is the near-term support for usdinr?
[10:19]   Kathir : @shai now bnf 16050 – 70 range can be considered as res ?
[10:21]   Kathir : 30 min bnf chart not visible?
[10:21]   Vikkas C : shai also pls chnahe the 5 mins NF chart to numbers
[10:22]   Shai : vwap has dropped fast too
[10:22]   Kathir : got it thanks wanted to see if there is some buyers
[10:22]   Kathir : @RM whats vwap for nf bnf
[10:23]   Kathir : bnf?
[10:23]   r m : 7713/16140
[10:23]   Kathir : ok
[10:23]   r m : it will disagree with the one here
[10:24]   Kathir : @RM any info from Kris
[10:26]   r m : not much, he was avoiding options because of high premiums
[10:27]   Kathir : ok
[10:29]   Shai : vwap will make this day interestng
[10:29]   Shai : isn’t a huge amount of selling abv 7720- 7780
[10:30]   Kathir : @shai you mean there will be a possible pull back above vwap ?
[10:30]   Shai : the speed of the fall was amazing
[10:30]   Augustin : @Shai – Any pullback tgts for BNF?
[10:30]   Augustin : taken some small contra longs
[10:31]   Shai : 16085 res now
[10:31]   Shai : abv that 16181 may come
[10:31]   Prakash : Tnks Tejpreet & RM, there is broadband issue @ home, unable to respond imd. … i left @ 3.26 Y day, so missed it.
[10:32]   Augustin : Tks
[10:32]   Shai : Kathir possible OrderFlow does not support the fall below 7660 was surprising even if sellers came at y’day cloe
[10:33]   Kathir : ok
[10:33]   Shai : if 7643 breaks however we will again short and look for a close at 7536 today
[10:34]   Kathir : oh
[10:40]   Aayush : whats BNF vwap?
[10:41]   Vikkas C : 16111
[10:46]   RK : Shai any view that sell off below 7725 are emotional one?
[10:46]   RK : based on volumes
[10:47]   Shai : RK open drive which would mean cash based selling but below vwap the trend is still with sellers- however vols do not shw aggressive index F sold
[10:48]   RK : ok..
[10:48]   Shai : but it will be weak below vwap- 7725 all day
[10:48]   r m : huge cash selling yesterday
[10:49]   RK : was thinking after this open that V shape recovery may not be possible..either probing down further or sideways for next few session..would you support this view?
[10:49]   Shai : yes
[10:49]   RK : oh thankks
[10:49]   Shai : I think 7800- 7850 will resist for some time now
[10:50]   RK : going for short trip afternoon and wanted to make sure that my shorts are safe 🙂
[10:50]   RK : and dont eat my SL till I resume by Monday 🙂
[10:50]   Shai : sellers are back
[10:50]   Kathir : @RK it up to you turn your bamboo downside now 🙂 still falt now also
[10:51]   RK : whenever I go out of town am witnessing huge move in the mkts..this is 4 th time..RM remember my Hyd trip? 🙂
[10:52]   r m : yes RK, even you Trip to neighboring Pondy turned the market 🙂
[10:52]   Kathir : depends on how much distance you travel 🙂
[10:53]   Shai : Sell NF below 7643 sl of 7680 tgt 7588/ 7536
[10:54]   RK : Kathir am driving up on valparai hills today..the most hairpin pend drive and uphill..so symboliically let us believe mkts are having uphill task from here on to move up 🙂
[10:54]   r m : wow, you will forget market there 🙂
[10:54]   r m : lovely place
[10:54]   r m : River Tamravarni flows there I think?
[10:55]   Kathir : oh wow RK then why about markets jst place profit orders and go happil RK
[10:55]   RK : yeah RM postponed week by week and decided to go today but mkt is not giving fair fairwell 🙂
[10:55]   RK : no profit orders KAthir only stop loss orders 🙂
[10:55]   r m : market loves you, it does not want you to leave 🙂
[10:55]   RK : RM no tamravarani is in south..this is amaravathi and others
[10:56]   RK : RM seems to be 🙂
[10:56]   Kathir : solayarru river
[10:56]   Kathir : @shai bnf 15700 possible today if IB low breaks
[10:56]   r m : ok
[10:56]   RK : Kathir yes cottage is in door step of solaiyarru dam
[10:57]   Kathir : yes RM right
[10:58]   Kathir : @shai bnf 15700 possible today if IB low breaks
[10:58]   Srini A : Have a great trip RK, It will be very nice after this monsoon break
[10:58]   RK : thanks Srini
[11:01]   Kathir : Nifty 50 adv 4 dec 46 🙂 info for RK
[11:01]   Bhagya : seeing complete selling in last half hour order flow chart. Shai is a signal of no recovery and continuation of open drive which will generally end at the lows of the day as it is a sell open drive
[11:01]   Bhagya : shai sir and others comment plz
[11:02]   Shai : yes sl for today’s selling is KRA
[11:02]   Shai : but till below vwap the seller is in full control
[11:02]   Bhagya : what is KRA
[11:03]   Shai : key ref area
[11:03]   Bhagya : how do we determine it
[11:03]   Srini A : @Shai, now I understad why you still went with 7725 KRA yesterday:)
[11:03]   Prakash : Japan recevered 200 pts (1%) from lows
[11:04]   r m : explaining that will take one full session for Shai 🙂
[11:04]   Tejpreet : As china is closed today looks like india is the dumping bag today.
[11:04]   Bhagya : any material on the same and what is todays kra
[11:04]   Prakash : sweet to have a session on sat day ..
[11:05]   r m : @Bhagya, see announcement tab and you will find today’s KRA and hypo
[11:05]   r m : also posted in the blog every night
[11:05]   r m : http://vtrender.com/levels-and-plan-for-4th-sept-2/
[11:06]   Bhagya : thanks
[11:07]   Bhagya : I just dont want levels, also learning on them. Also about HYPO. Can kindly some one help
[11:07]   Prakash : japan dumping from morning – WW2 loss / will china boom on monday WW2 win (WW memories)
[11:08]   Kathir : @Praksh what is our Indians ROls IN WW2 short or long 🙂
[11:08]   Kathir : rle
[11:08]   Kathir : role
[11:09]   Kathir : @RM do you have any special analysis for – in a big fall day at what time generally the secound round of selling starts ?
[11:10]   r m : no Kathir
[11:10]   Vikkas C : thisis looking to test vwap
[11:10]   Kathir : if markets behave like this then we need to do that 🙂
[11:11]   Kathir : Varun ?
[11:11]   Tejpreet : Looks like emotional selling …global markets are showing no such panic ….looks like we will get one visit to kra before second round begins.
[11:13]   Augustin : @Shai – Fresh BNF Shorts at VWAP here?
[11:16]   Tejpreet : vwap done now kra !
[11:17]   Srini A : Shai, can you adjust BNF charts?
[11:21]   Prakash : @shai if we break IBH, can we consider this as spike reverse & follow spike tgt.
[11:26]   Shai : IBH ay day high but this is not a spike
[11:26]   Shai : auction centered at vwap now- all the red is neutralised
[11:27]   Augustin : bearish again if goes below VWAP?
[11:28]   Shai : yes
[11:28]   Augustin : Ok
[11:29]   Shai : a spike is an incomplete auction when a day close comes in between the process before it is completed
[11:34]   RK : entire Sep is going to be month need of lot of patience as larger TF extension happening..should be able to absorb the shocks of spikes then 🙂
[11:37]   Shai : market is trading at vwap of last july 7640 which means 13 months of gains washed out
[11:38]   Augustin : That will trigger the debate of investing vs trading 🙂
[11:38]   Anay : BNF back at last years break out level….can act as support
[11:39]   Shai : Sell BNF 16080 sl of 16140 tgt 15996
[11:44]   Augustin : @Anay 16K was that level? or 15800?
[11:49]   r m : bn spot http://screencast.com/t/BMsAUbhh
[11:57]   Augustin : Thanks @RM… Is there anything you cannot get 😉
[11:57]   r m : profit 🙂
[11:57]   Kathir : 🙂 LOL
[11:57]   Hemant : lol
[11:58]   Tejpreet : hahaha RM
[11:59]   Augustin : LOL
[11:59]   Hemant : Shai, tgts for 7600 PE ? 7400 PE might do 160 today??
[11:59]   Augustin : Cant beat your timing!!!
[11:59]   r m : lol
[12:01]   Anay : lol RM
[12:02]   Shai : 7600 pe 133 supp217 can come on move abv 175
[12:03]   Hemant : Nice.. Ty 🙂
[12:03]   Shai : 110 a res in 7400 pe – is a carry if it closes abv yes 151/ 167 tgts
[12:04]   Hemant : Thanks again Shai
[12:13]   Sandeep : bn not goimg down
[12:15]   Shai : yes hovering at vwap
[12:20]   Shai : we will palce a part booking order at dpoc 16035 for half qty bNF
[12:23]   Shai : NF upward drift has stpped at 7710
[12:24]   Shai : capitualtion possible f 7643 breaks into close today would feel 7588/ 7534 comes
[12:25]   Shai : those 2 grens at 7662 and 7670 are the only 2 buyers left
[12:25]   Shai : 7690- 7710 now secured by sellers
[12:26]   Shai : If taking a sell in NF here sl is 7725 F into close cmp 7679
[12:28]   Hemant : Those buyer I hope scurry back to where they came from. Need RM to make some profits too 🙂
[12:28]   Hemant : buyers*
[12:30]   Shai : (10:10) Shai :Largish IB and an Open drivve(10:11) Shai :IBL and vwap 2 important parameters for the rest of the day
[12:30]   Shai : still the same
[12:30]   Shai : BNF at vwap and NF below it
[12:30]   Kathir : where is nf IB 2 ?
[12:31]   r m : Thanks Hemant for your thoughtfullness 🙂
[12:31]   r m : @Kathir 7652-7799
[12:31]   r m : IB is day range too )
[12:31]   r m : 🙂
[12:33]   Kathir : 147 points
[12:33]   Kathir : so IB 2 is 7652-147? RM
[12:33]   r m : yes Kathir
[12:34]   Chandrashekhar : Shai, can we write some puts to take advantage of VIX or is it too premature?
[12:34]   Kathir : 7505 🙂
[12:34]   r m : @Kathir, you are an ambitious bear 😀
[12:35]   Kathir : 🙂 I dont have any position sir waiting for 7643 breakout
[12:35]   Vikkas C : +1 kathir
[12:36]   Hemant : Why buyers on top of bars and sellers at bottom? This sandwich dont taste right 😛
[12:37]   Shai : writing puts not safe –
[12:37]   Kathir : may be SL taken
[12:37]   Shai : writing calls is where the money is
[12:37]   Shai : and safer as vix is your friend
[12:38]   r m : @Kathir, yeah, waiting below the tree (IB) with open arms for coconut to fall 🙂
[12:38]   Aayush : 7670 buyer is pretty strong
[12:38]   Shai : if we cross vwap then maybe the day lows may hold but till then chance of a new low always ther
[12:38]   Chandrashekhar : ok thanks shai
[12:41]   Shai : (12:40) Shai :BNF 16035
[12:41]   Hemant : Got to give it to the sellers, unrelenting
[12:42]   r m : @Hemant, buyers and sellers don’t relent unless overpowered 🙂
[12:42]   r m : that is why excesses are so important (battlefields where one party was badly beaten) 🙂
[12:43]   Hemant : We are the ghun, they are the gayhu (no pun) 🙂
[12:44]   r m : lol
[12:44]   Sandeep : bn tgt done
[12:44]   r m : yep
[12:44]   Shai : can book out – 11:39 Shai : (11:39) Shai :Sell BNF 16080 sl of 16140 tgt 15996
[12:44]   Sandeep : done
[12:45]   Hemant : Indeed RM 🙂
[12:47]   Augustin : @Shai – NF is a sell below 7643
[12:47]   Augustin : ?
[12:47]   r m : 10:53 Shai : (10:53) Shai :Sell NF below 7643 sl of 7680 tgt 7588/ 7536
[12:48]   Augustin : Tks
[12:49]   Kathir : @RM coconut fielders should be ready is guess?
[12:49]   r m : yes, take care of your head too 🙂
[12:50]   Anay : buyers absent in this fall
[12:50]   Anay : break of 7643 looks imminent
[12:51]   RK : algo
[12:51]   Srini A : Very big buyer
[12:51]   Vikkas C : there buiyers coming now
[12:51]   Shai : huge buy algo
[12:51]   Sandeep : short tgd
[12:51]   Sandeep : ?
[12:51]   Shai : don’t short wait
[12:51]   r m : they will be buying where we sell 🙂
[12:52]   Shai : that is a program buy
[12:52]   Aayush : if shorted then should cover?
[12:52]   Shai : yes
[12:52]   Varun : rates going slow
[12:52]   Varun : already cvrd shorts at 38
[12:53]   Aayush : program buy is?
[12:53]   Shai : exit this NF sell near cost trigger not good : (10:53) Shai :Sell NF below 7643 sl of 7680 tgt 7588/ 7536
[12:54]   Sandeep : or wait for another trigger
[12:54]   Shai : will update
[12:54]   Shai : he may pop it to 7678 and exit
[12:55]   Shai : we will join the short there
[12:56]   Shai : algo Aayush pre programmed to buy
[12:57]   RK : they read our weekly levels seems..added at 7643 🙂
[12:57]   Augustin : 🙂
[12:57]   Kathir : RK I thought you are nearing pollachi man 🙂
[12:57]   RK : am sure not Shai as no anticipatory 🙂
[12:57]   Srini A : Hope that algo is not from this room RK 🙂
[12:58]   RK : Srini all the chances are there 🙂
[12:58]   Srini A : LOL 🙂
[12:58]   RK : Kathir sign off in 30 mins
[12:58]   r m : @Srini, unlikely, most people in the room don’t read blog 🙂
[12:59]   Varun : test
[12:59]   Srini A : possible RM!
[12:59]   r m : @Varun, testing room or lows? 🙂
[12:59]   Kathir : lol
[12:59]   Ashish : lol
[12:59]   Varun : shai re start as we r like 7 mins late now
[13:00]   Kathir : @srini dont forget RM whenever Algo’s happen
[13:00]   r m : not here Varun, it is on your pc only
[13:00]   Shai : no no rates are real time
[13:00]   Srini A : 🙂 @Kathir
[13:01]   r m : @Kathir, you must be watching my 2 lots with a 10000 X magnifier 🙂
[13:01]   Bhagya : below 40 we will see big big big panic. That is the last support for the buyer at 7642 with around 350000 qty should be now taken off. AM i right?
[13:01]   Kathir : lol RM
[13:02]   Shai : Keep the NF sell below 7635 sl of 7665 tgt 7605/ 7588
[13:03]   Shai : yes Bhagya that also may square off
[13:03]   Varun : restarted
[13:04]   Varun : test
[13:06]   Anay : big buyer struggling to push up 🙂
[13:07]   Shai : I think he wants vwap 7678
[13:07]   Shai : sorry dpoc 7678
[13:07]   Varun : test
[13:08]   Varun : working
[13:08]   Varun : 🙂
[13:09]   Sandeep : help him out guys to reach there
[13:09]   Anay : ok
[13:09]   r m : @Sandeep, Varun has joined for just that 🙂
[13:09]   Varun : 😉
[13:10]   Varun : no use playing counter trend
[13:10]   Varun : on such a big dwon day
[13:10]   Varun : and spent so much time at lows
[13:10]   Vikkas C : +1 varun
[13:11]   Varun : althought eh 5 lot of slrs at cls ystrday
[13:11]   Varun : mite be the 4-5 btm once today
[13:11]   Varun : who knows
[13:17]   Tejpreet : BN does vwap 🙂
[13:18]   Vikkas C : which met with sellers tej :p
[13:19]   Tejpreet : Yes Vikkas but i was looking only vwap had sold bn puts at low.
[13:19]   Vikkas C : niceeeeeeeeeeeee
[13:20]   r m : @Tejpreet, good trading man, you sure are not disturbed by doomsday predictions 🙂
[13:21]   Shai : almost near poc
[13:21]   Shai : watch for reds
[13:21]   Srini A : My god BNF
[13:21]   Tejpreet : RM simple sl and target bn gave me reason to smile ..lost 6 points 3 times on 7800 call.
[13:21]   r m : ok
[13:23]   Shai : NF looking good still
[13:23]   Shai : poc moved up
[13:24]   Anay : 7648 to 7678 done. qucik 30 pts. 😉
[13:24]   Anay : *quick
[13:24]   Shai : NF buy for 7810 sl of 7650
[13:24]   Chandrashekhar : 7810?
[13:24]   Chandrashekhar : positional?
[13:25]   Varun : fa in process
[13:25]   r m : perhaps 7710
[13:25]   Shai : sorry 7710
[13:25]   Hemant : 🙂
[13:25]   Chandrashekhar : :):)
[13:25]   Varun : and ib high is in clouds
[13:26]   Shai : looks to me that algo is covereing of yesterday shorts
[13:26]   Shai : did not see reds at 7678
[13:26]   Shai : so may not be new buying
[13:26]   Varun : ws 78 last supply area
[13:26]   Shai : yes
[13:26]   Varun : so pain mite be out of system
[13:27]   Varun : upto bulls to consilidate
[13:27]   Varun : or clse here
[13:28]   Shai : I’m going with counter trend buys here sl of 7635
[13:28]   Shai : will caary if we move abv 7725
[13:29]   Varun : vwap is still 78?
[13:29]   Shai : looks more and more like shorts came out as there was no urgent upmove
[13:29]   Vikkas C : 7690
[13:29]   Varun : thnks vikas
[13:29]   Varun : 🙂
[13:29]   Vikkas C : 🙂
[13:30]   Vikkas C : welcome sabarwal ji
[13:32]   Chandrashekhar : nobody discussing stocks today, evrybody minting money in NF/BNF ?
[13:33]   Tejpreet : Our stock collector RK is away 🙂
[13:34]   Chandrashekhar : 🙂
[13:34]   Varun : rm ji aapke liye kaam aaya hain
[13:34]   Varun : from a fellow friend and ex room mate
[13:34]   r m : boliye sarkaar
[13:34]   Varun : namo win day vah kya tha 16th may 14
[13:35]   Varun : from amit
[13:35]   r m : you mean spot values
[13:35]   Varun : anything
[13:35]   Varun : so i could give him something
[13:35]   r m : ok 🙂
[13:36]   Varun : prob today is we cant go anywhere far far 78
[13:36]   Varun : from
[13:36]   Vikkas C : price high of that day was 7625
[13:36]   Varun : 8 tpo’s already in tht zone
[13:36]   Varun : it will act as magnet
[13:37]   Varun : fade vah/val with vol spike for those 20-30 most likely
[13:39]   r m : i have only amibroker charts for that period right now, Weekly POC of that week for spot was at 7135
[13:40]   r m : http://screencast.com/t/4IMQfqOGENdz
[13:40]   Varun : thnks fr the efforts
[13:40]   Varun : shai used to write in his blog abt 7725
[13:40]   Varun : rite
[13:40]   Varun : long term
[13:42]   Shai : 7725 was an FA for a the bread balance 7180- 7725
[13:42]   Shai : and then we scaled abv 7725 and did not look back
[13:42]   Shai : Broad*
[13:43]   Shai : If in NF intra longs keep sl 7645
[13:43]   Shai : trade safe abv 7678 dpoc
[13:43]   Bhagya : what is FA
[13:43]   r m : Failed auction
[13:43]   Bhagya : ok
[13:44]   Bhagya : thanks for the updates. I like the character and nature of all big traders here who guide beginners like us. Jai ho, VTRENDER
[13:44]   r m : A failure to stay outside the initial balance for more than 30 minutes (on one side), followed by a revisit inside the initial balance and an opposite move on the other side of the Initial balance. See here : http://vtrender.com/of-failed-auctions-and-revisits-4/
[13:44]   Bhagya : with lots of patience and good heart
[13:46]   Vikkas C : shai can we long nifty here with stops at 7635
[13:47]   Varun : if now we cross 78 it wld be sos
[13:47]   Sandeep : we are long already
[13:47]   Sandeep : sos ?
[13:47]   Varun : as supply ws cut off
[13:47]   Varun : this time at ib low
[13:48]   Varun : sign of strength
[13:48]   Kathir : nf spot and fut same low
[13:48]   Vikkas C : exactly my thot varun ..but getting scared to go long ..lol
[13:48]   Varun : best trades come when ur scared
[13:48]   Varun : rule no 101
[13:48]   r m : @Varun, that always reminds me of “save our soul” I thought you were referring to bulls soul 🙂
[13:48]   Vikkas C : true
[13:48]   Varun : easy trades are losses
[13:49]   Varun : this vol spike trade is the most scary contra trade
[13:49]   Varun : i just put my stop and dnt look at the screen only
[13:49]   Varun : next 5-7 mins
[13:50]   Varun : lol @rm 😉
[13:50]   Varun : i had a small convo with karthik marar
[13:50]   Varun : on twitter abt this trade
[13:50]   Varun : he taught me sos
[13:50]   Varun : 😉
[13:51]   Varun : frsh supply
[13:51]   r m : 🙂
[13:51]   Varun : he is the master of vsa
[13:51]   Varun : his blog is discussed bt intl traders
[13:51]   Varun : by
[13:52]   r m : yes
[13:52]   Varun : excess after excess going
[13:52]   Shai : NF sl gone
[13:52]   Varun : trend walys wins
[13:52]   Shai : yes
[13:53]   Ashish : Shai, still can go for sell below 7633 trade??
[13:53]   Shai : yes we will go with sell below
[13:53]   Varun : shai after a balnce of 20 mins as u see 2 sellers a top
[13:53]   Varun : u coem to know fresh round coming
[13:53]   Varun : 😉
[13:54]   Ashish : Thanks Shai
[13:56]   Shai : However big that buyer staying below IBL he is a dead duck
[13:57]   Shai : Keep the NF sell below option open. 13:02) Shai :Keep the NF sell below 7635 sl of 7665 tgt 7605/ 7588
[14:03]   Bhagya : how can we say whether he is a buyer or one who covered shorts taken at highs?
[14:03]   Shai : new selling
[14:03]   Bhagya : fresh buying or covering of shorts
[14:03]   Augustin : @Shai – Any CE’s or PE’s that can be written for weekend?
[14:03]   Shai : 7800 ce can be written
[14:03]   Augustin : Tks
[14:04]   Shai : vix may again spike abv 27.30
[14:04]   Shai : keep an eye
[14:04]   Augustin : Ok
[14:04]   Shai : Bhagya is the buyer is big then price shoots up quickly
[14:04]   Shai : if short covering price can stall
[14:04]   Augustin : VIX being higher is good for writing, Correct?
[14:04]   Shai : yes
[14:04]   Augustin : Ok
[14:05]   Shai : but abv 27.30 it may hit 29.5
[14:05]   Hemant : Sell triggered NF
[14:05]   Shai : NF triggered
[14:06]   Sandeep : in
[14:07]   r m : selling stops after triggering our shorts – ye kya saajish hai? 🙂
[14:08]   Hemant : Some is reading the room conversation 🙂 Sell triggger and a bounce
[14:08]   r m : lol
[14:08]   Hemant : Exactly the thought RM.
[14:08]   Hemant : Spyware too triggered 😛
[14:08]   Bhagya : yes, shai. before allowing people in room we have to make security check. lol
[14:09]   Shai : NF is weak here – let’s keep sl at 7680 and wait out a close at lows today
[14:09]   Shai : haha
[14:09]   Bhagya : yes shai. I agree with u and trend days will always ends at lows of the day
[14:09]   r m : that 8KCE has to break 50, it refuses to go below 🙂
[14:10]   Bhagya : but stop at 7680 is important
[14:10]   Hemant : Puts cant be written.. nifty goes up, so do puts lol
[14:10]   Anay : @rm thanks to VIX 😉
[14:10]   r m : yes Anay 🙂
[14:14]   Vikkas C : varun
[14:14]   Vikkas C : u here
[14:18]   Hemant : Bulls and bears happily dancing about 🙂
[14:23]   r m : @Varun – here is intraday for 16th May 2014 http://screencast.com/t/7lKEkHJ3
[14:25]   Augustin : Looks like, it’s going up to make it a perfect bell curve today 😉
[14:27]   r m : 🙂
[14:27]   Kathir : bnf doesnt had much selling after morning sell
[14:27]   Shai : exit NF shorts abv 7665
[14:28]   Tejpreet : Shai does these old profiles of months years back have any significance in NF and BNF ….stocks i understand is valid in cash segment but NF and BNF ?
[14:28]   r m : No Tejpreet, someone wanted to see that one hence posted
[14:29]   Hemant : Whats going on 🙁
[14:29]   r m : I think that 16th may area was balanced afterwards
[14:29]   Hemant : Taking it higher to drop it ??
[14:29]   Shai : NF stopped
[14:29]   Tejpreet : No RM not in that sense …i mean if we say POC in NF is xxxx 3 months back is it valid in todays scenario cash yes it is.
[14:30]   r m : @Hemant, the biggies want to shake us off 🙂
[14:30]   Hemant : They did. Stopping tading for a bit now lol 🙂
[14:30]   r m : if it is naked POC then should be valid I think
[14:30]   Hemant : trading*
[14:30]   Porus : Shai, not stopped. Sl is 7680.
[14:30]   Vikkas C : seller aayaa
[14:31]   Vikkas C : thodo isko abhie
[14:31]   Tejpreet : Yes I fully agree on NPOC and VPOC 🙂
[14:32]   Anay : @Porus SL was moved to 7665
[14:32]   r m : if it is not VPOC and that area is not an HVN either then it should logically lose significance
[14:32]   Porus : thanks Anay.
[14:33]   Vikkas C : seller gayab 🙁
[14:33]   Tejpreet : Yes VPOC are good support and resistances especially in highly liquid stocks.
[14:38]   Shai : changed to 7665 as abv IBL the dpoc attracts again
[14:38]   Shai : messy zone
[14:38]   Vikkas C : out of 5 trades 3 stopped 🙁
[14:39]   Vikkas C : for me
[14:39]   Vikkas C : lol
[14:39]   Porus : Dpoc shifted down 7660?again to
[14:39]   Shai : yeah
[14:39]   Hemant : Today small quantity too ate away the profit made lmao
[14:39]   Augustin : @Vikkas – Doesnt matter if your other 2 gains more than these 3 losses 🙂
[14:40]   Vikkas C : 😉
[14:40]   Shai : 2.40
[14:40]   Shai : I dont think OTF is comng back
[14:40]   Hemant : Ever??
[14:40]   Shai : haha
[14:40]   Sandeep : shai if holding shorts in nf , get out here
[14:40]   Hemant : Only bones left now is it??
[14:41]   Hemant : still 7000 pts to eat away 😛
[14:41]   Sandeep : i am holding still
[14:41]   Vikkas C : next whole week will the fed tantrum
[14:41]   Shai : yes Sandeep may close 7680
[14:41]   Augustin : Enough of fixing the bell curve, lets create a tail now?? 😀
[14:41]   Hemant : Augustin, bell is sucking us into a whirpool here i feel
[14:42]   Vikkas C : poor low bhi
[14:42]   Bhagya : tail may come monday but or the day we hardly have time left. lol
[14:42]   Bhagya : *for
[14:42]   Shai : I waited for that impulse below IBL but it’s not come about today
[14:42]   Augustin : hmm yeah
[14:42]   Augustin : 🙂 Hemant
[14:42]   Vikkas C : bnf has been in IB
[14:42]   Vikkas C : and NF went down and coming back inside
[14:42]   Hemant : Shitty day out today.. Drinks on me 🙂
[14:43]   Tejpreet : Which plce hemant
[14:43]   Tejpreet : place
[14:43]   Vikkas C : yes hem which place
[14:43]   Vikkas C : and time
[14:43]   Vikkas C : :p
[14:44]   Hemant : Tej anywhere in Delhi for now.. before is turn a pauper then I might go to Colombo 🙂
[14:44]   Vikkas C : hemant bhi gayab ab
[14:44]   Hemant : Vikkas, still here bro 🙂
[14:44]   Vikkas C : haan i was late to send the msg
[14:44]   Tejpreet : Hemant Bhai Dilli abhi door hai …have drink for me 🙂
[14:44]   Hemant : Spikes in NF dont turn into spikes in drinks 🙂
[14:45]   Tejpreet : Shai if we hold ib low can we get a closing spike to vwap.
[14:45]   Tejpreet : in NF
[14:45]   Vikkas C : no no tej aisa mat karo yaar
[14:46]   Vikkas C : days low de do pls
[14:46]   Shai : same region is vwap
[14:46]   Shai : may close there
[14:46]   Vikkas C : shai shorts can be carried or avoid
[14:46]   Tejpreet : I have no position as of now … so let it be days low 🙂
[14:47]   Shai : Book Vikkas
[14:47]   Vikkas C : ok thanx
[14:47]   Shai : Mon we take fresh appraoch and recover some coin
[14:47]   r m : 🙂
[14:47]   Tejpreet : Cheers
[14:48]   Hemant : That will be nice Shai
[14:48]   Hemant : 🙂
[14:48]   Vikkas C : cheers shai
[14:48]   r m : Friday’s toast to that idea 🙂
[14:48]   Kathir : @shai how do you look at nf wekly close below 6700?
[14:49]   Augustin : @Kathir – What have you been smoking?? 🙂
[14:49]   Tejpreet : Kathir 7600 or 6700 🙂
[14:49]   Augustin : although i would love that close :p
[14:49]   r m : @Kathir, looks like you have run short of alcohol 😀
[14:49]   Shai : 🙂
[14:49]   Tejpreet : hahaha
[14:49]   Shai : Yeah I looked at the charts again It’s either below 7600 or even 6700
[14:50]   Hemant : lol @Kathir, my yearly close is at 0000 🙂
[14:50]   Shai : neither**
[14:50]   Aayush : lol
[14:50]   Kathir : LOL all 🙂
[14:50]   Kathir : it was 7700
[14:50]   Shai : Welcome to the club Kathir 🙂 I’m an old member now
[14:51]   Hemant : 🙂
[14:51]   r m : @Shai, I remember that you had a very bearish view below 7682 ?
[14:51]   r m : that seems to be unfolding now?
[14:51]   Shai : I think shorts covered at the lows today in NF
[14:52]   r m : ok
[14:52]   Kathir : @aug me No smoking 🙂
[14:52]   Gaurav : Positional shorts? Those big green buyers were short covering?
[14:52]   Augustin : @rm – 8K CE finally gave up 50
[14:52]   Kathir : augustin I mean
[14:53]   Aayush : has worked great with longs throughout
[14:53]   r m : yes Augustin
[14:53]   Augustin : 🙂 Kathir..
[14:53]   Shai : Yes Gaurav
[14:53]   Gaurav : Thanks Shai
[14:53]   Tejpreet : Shai for monday taking 7600 call at 218 and selling 2 lots 7800 at 113…net credit .
[14:53]   Shai : Nice
[14:53]   Shai : Vix stoppd 27.30
[14:54]   Tejpreet : Approved ..thanks.
[14:55]   Aayush : when friday is a trend day, monday ususally follows the trend in open.
[14:57]   Shai : is it ? tested
[14:57]   Aayush : yes.
[14:57]   Shai : working past 3 months?
[14:57]   Aayush : past 2 years.
[14:58]   Aayush : all of 2014 and 15.
[14:58]   Shai : ok thanks
[14:58]   Shai : will look it up
[14:58]   Aayush : only once hit the sl. Jan 1st week 2015.
[14:58]   Anay : rate cut day?
[14:58]   Aayush : no the big 200 pt crash in NF.
[14:58]   Anay : oh ok
[14:59]   Anay : and SL is Friday H/L?
[14:59]   Aayush : exit by 9:16
[14:59]   Aayush : but i write options.
[15:00]   Aayush : vix and weekend helps, but maynot be the case this time.
[15:00]   Tejpreet : What is nifty vwap ?
[15:00]   r m : 7687 on my chart
[15:00]   Shai : 7680
[15:00]   Vikkas C : 7683
[15:00]   Tejpreet : here it comes .
[15:01]   Vikkas C : haha..all 3 diff
[15:01]   r m : 🙂
[15:01]   Hemant : Average it out 🙂
[15:01]   Hemant : E&O Bhul chuk maaf
[15:02]   Vikkas C : poor low bhi hai abhie tak
[15:03]   Tejpreet : varun are u there in the room
[15:03]   Gaurav : Poor low revisit likely?
[15:06]   Shai : Not a poor low actually
[15:06]   Shai : 7632 is a single tpo
[15:08]   Vikkas C : this is going to be the lowest weekly close since aug 2014
[15:09]   Anay : you sound like a cnbc anchor 😀
[15:10]   Vikkas C : hahahahhahahahahahha
[15:10]   Vikkas C : hahahhaha
[15:10]   Vikkas C : anay no daaru for u when u come to bbay
[15:10]   Vikkas C : :p
[15:11]   Shai : Current orderflow does not show selling below 7680 for now – I think we see 7725 F again at open on Monday from here
[15:11]   Hemant : Toddy chalegi Vikkas 🙂
[15:12]   Anay : lol
[15:12]   r m : @Vikkas, bechara bina daaru Mimbai mein kaise jiyega? 🙂
[15:13]   Vikkas C : he anyways doesnt drink ..hes a good boy :p
[15:14]   Vikkas C : hahahha
[15:14]   r m : 🙂
[15:14]   Anay : I drink beer 😀
[15:15]   Anay : Bar Stock Exchange jayenge 😀
[15:15]   Vikkas C : when u coming btw
[15:16]   Anay : dunno 😉
[15:18]   Vikkas C : aajao yaara..been long buddy
[15:18]   Kathir : MO -43
[15:18]   r m : Thanks Kathir 🙂
[15:19]   Kathir : your student practicing 🙂
[15:19]   Shai : NF crosses abv 7725F on Monday it goes back to 7810 again
[15:19]   Hemant : Ok folks, taking a break (again), see you on the other side of the weekend. Happy trading (no pun again) Have a wonderful weekend!
[15:19]   Shai : depends on the open near 7725 should panic some shorts
[15:19]   r m : Bye Hemant, have a great time 🙂
[15:20]   Kathir : Bye Hem
[15:22]   Anay : itching to take some longs over the weekend. will avoid though. 😀
[15:22]   Shai : yeah a little abv 7680 would have been easier
[15:23]   r m : vix remaining same 8K CE should be near 58 at 7725, but if NF goes to 7725 Vix will come down fast 🙂
[15:24]   r m : 58 at 7725 on monday I mean
[15:26]   Shai : 8000 ce is too OTM
[15:26]   r m : yes
[15:26]   Shai : That Tejpreet’s strategy of ITM + OTM will pay
[15:27]   r m : ok
[15:28]   Shai : could be a flattish open also here at dpoc
[15:29]   Tejpreet : Hope so am taking just a small quantity
[15:30]   Tejpreet : More to lear option startegies with practicals 🙂
[15:30]   Anay : bye all
[15:30]   Anay : enjoy the weekend
[15:30]   Shai : Bye all
[15:30]   Moses : Bye all
[15:30]   Augustin : Bye all
[15:30]   Gaurav : Bye everybody
[15:30]   Shai : Have a nice evening and a good weekend
[15:30]   Vikkas C : bye all
[15:30]   Srini A : Bye All
[15:30]   Vikkas C : happy weekend
[15:30]   r m : Thanks and bye folks, have a great weekend 🙂
[15:30]   Tejpreet : Bye All
[15:30]   Kathir : Thanks and bye all

[10:01]   RK : Shai major support for DR pls?
[10:10]   Vikkas C : shai can u chk hul
[10:17]   Shai : 4076 and 4044 supp in dr
[10:18]   RK : thanks
[10:18]   Shai : 4082 not 4076
[10:19]   RK : fine
[10:19]   Shai : hul holding up, 827 good supp on day
[10:20]   Shai : but intra day momentum only abv 845
[10:20]   Vikkas C : thanx shai
[10:24]   Manthan : Maruti view pls
[10:24]   Manthan : Shai
[10:41]   Shai : marut weakish below 4105 has done 4062 and 4020 next tgt if 4059 breaks now. abv 4105 can rise
[10:43]   Sandeep : shai, when yoou get time views on Infy
[10:45]   Shai : infy ST view is still the same – locked in that high vol results day spike 1010- 1150
[10:45]   Shai : week is RN and in last week’s value 1075- 1116
[10:45]   Shai : wait for a break
[10:45]   Sandeep : cool thanks
[12:07]   Nandesh : ur view on tata global
[12:12]   Shai : tata globl trying to nuild up again but 124.5 is still weekly res , supp at 116.8