General Chat Transcript
Date and Time: February 06, 2015 08:54:12
[08:53] r m : Good Morning folks!
[08:53] r m : http://vtrender.com/levels-and-plan-for-6th-feb/
[08:53] r m : http://vtrender.com/premium/orderflow-charts-and-notes-0502/
[08:54] r m : NF KRA 8755 Hypo1 below 8755➜8685➜8565 SL 8785 Hypo2 above 8785➜8823➜8845 SL 8755 FEB Future levels
[08:54] r m : BNF KRA 19220 Hypo1 above 19220➜19373➜19478 SL 19165 Hypo2 below 19140➜18860 SL 19220 FEB Future levels
[08:55] Porus : GM all
[08:56] r m : Results today: Apollo Tyres, TV Today, Tata Steel,Gail, Kalpataru, Jet Airways, Dena Bank, NMDC,Rupa & Co, Maharashtra Seamless, Sun TV
[08:57] r m : Results on Monday – L&T, Bank of India
[09:00] Shai : GM all
[09:01] Shai : another spike at the close yesterday
[09:01] Shai : kept wed lows of 8755 and 19220 as key ref areas to see where the auction occurs relative to that
[09:01] Tejpreet : GM all.
[09:04] Sharad : GM all
[09:06] Amit J : gm
[09:10] Shai : 5 days of weakness now
[09:10] Shai : one aomaly reapir left at 8688 as also spot 8626 previous top revisist
[09:11] Shai : wth MO at -35 sell side is getting stretched
[09:12] RK : GM Shai,RM and all
[09:13] r m : Hi RK
[09:13] RK : Tata motors poor results..seems it will open in the support zone 568-574..Shai if time permits, pls advise levels below 568
[09:15] Shai : there’s always time to look at a chart RK
[09:15] Shai : 538 in tatamotors is a supp
[09:16] RK : 🙂 thanks Shai
[09:16] Shai : open near pdl
[09:21] Shai : strog supp geen at the lows
[09:22] Shai : 19216 anomaly in BNF
[09:26] Shai : hypo1 is above 19220
[09:26] Shai : also val there
[09:26] Varun : so 80%rule will play also
[09:26] Shai : 8759 hit in NF
[09:26] Shai : yes Varun
[09:27] Shai : nothing aggressive at the highs in NF
[09:27] Varun : it could be touch n go thr as it opened below pva, could just be a retouch of pval
[09:27] Shai : 8759 to 8792 vpoc is also a trade with sl below 8745
[09:28] Shai : 140 supp in BNF
[09:29] Shai : no sign of aggressive sellers in NF yet
[09:31] Amit J : shai can u please check gmr chart. spike low yesterday is managed well today
[09:32] Shai : sure
[09:34] Shai : yes that spike low is from where the volumes appeared on 28/ 29
[09:34] Shai : important that it closes abv 18.3 today
[09:34] Amit J : thanks
[09:38] Shai : BNF is wild again
[09:38] Shai : 225 points down in 22 mins
[09:44] Shai : yesterday BNF did 500 in 60 mins
[09:44] Shai : so it’s having a big party
[09:46] Amit J : shai 80% possible today in bnf?
[09:48] Shai : can go to 220 again here
[09:48] Shai : depends what happens there
[09:53] RK : Hdfc making highs
[09:54] Shai : yes
[09:54] Shai : seeing that green at the lows in BNF every 5 min
[09:54] Shai : looks like dip buyers
[10:04] Shai : BNF tough act here
[10:04] RK : RM 8761 got bigger seller at Shai rekha
[10:04] Shai : auctioning both sides of the spike low
[10:04] Shai : view is that it will hit 18860 but we will get spikes to 19200
[10:05] r m : @RK, yes though the line there is dvah
[10:05] RK : oh
[10:06] r m : Shai-rekhas are bold red lines – made of tough material 🙂
[10:07] RK : Yes RM I mis read 🙂
[10:08] r m : 🙂
[10:10] r m : BN decides to go down
[10:13] Shai : 18920
[10:15] Shai : I was amogst the few buying 18800 puts yesterday in last hour cos the liquidity sucked there
[10:16] Shai : culd drive a truck through the bid ask
[10:16] RK : Shai Hero support level pls
[10:16] Shai : still bad
[10:17] Shai : 2768- 2780 supp in hero
[10:17] RK : thanks..
[10:17] Shai : has botched a good chance to move up Hero
[10:17] Shai : was eyeing that 2850 level myself
[10:18] RK : Yes entered into buy around 2855 but reversed when PDL broken today
[10:18] RK : has to cover it..
[10:18] Sharad : Shai can we buy BNF around 18860 ?
[10:18] Rav : 18800 PCR IS 255
[10:19] Rav : There are no ce OI much over there.Big support
[10:19] Shai : should be a good buy Sharad
[10:20] Sharad : ok for bounce of 500 points
[10:21] Shai : yes position size with risk of not more than 100 below 18860
[10:21] Sharad : ok sure
[10:22] Sharad : even as per me 18872 good support and can bounce to 19300
[10:22] Sharad : if fall more from here than straight to 18100/400
[10:23] RK : Most of the stocks seems resting now at weekly support levels..being a friday both direction possible..but the minor fall in early morning put a ? mark
[10:23] Sharad : but icici and sbi giving lot od pressure downside
[10:25] Sharad : 18882
[10:25] r m : BNF Feb series http://screencast.com/t/KRwrL1wB
[10:29] Sharad : Thanks RM even your chart has good support of 18500/700
[10:29] Shai : yes poc of multi day bracket
[10:29] Shai : can bounce to 19400 if hols
[10:29] Shai : holds or down to 18400 again
[10:29] r m : @Sharad, welcome
[10:30] Sharad : Thanks Shai
[10:33] Sharad : 18860 done
[10:34] Shai : let’s wait for green now
[10:34] Sharad : ok
[10:34] Shai : that green should give vwap in intra day
[10:35] Shai : rise in green volume at lows if a good sign
[10:35] Varun : @shai just saw ur tweet, is 18860 a hvn on mcp or mcpoc
[10:35] Shai : mcpoc
[10:36] Varun : so makes it mchvn
[10:36] Varun : too
[10:36] Sharad : mcpoc ?
[10:36] Shai : yes all poc’s are hvn
[10:36] Porus : what is ‘mc’?
[10:36] Varun : we sld rest here for some time in bnf
[10:37] Shai : Porus it’s called a mini composite comprising of multi day profiles
[10:37] Porus : ok
[10:37] Varun : shai u shld share such awesome stuff on ur blog or chat too
[10:37] Sharad : 18860 not sustaining
[10:38] Shai : so just like we have a vah/ poc for 1 day we club many profiles togthere and get maulti day poc etc
[10:38] Varun : or on weekends a mcp
[10:38] Varun : with volume profile
[10:38] Shai : Sharad buyers have to drive price abv IBL and vwap next
[10:39] Sharad : ya waiting for that only to buy
[10:39] Shai : no point catching afalling knife hwever big a support is
[10:39] Shai : big byers in NF also
[10:39] Varun : a vwap intraday reversal would mean we have tken support
[10:39] Sharad : Shai i am having 8500 put can i sell here some ?
[10:40] Shai : Ye Sharad lighten up
[10:40] Sharad : qty is large bot around 50
[10:40] Rav : BN PCR is 3. taking long around 18825-18850
[10:41] Sharad : sold 5000
[10:41] Amit J : wait for final repair in nifty
[10:41] Amit J : which is also close to spot previous swing high
[10:43] Shai : yes that is possible as long as we are below IBL and vwap
[10:44] Shai : still the seller is in but those who got short early will look to take profits in thsi area
[10:45] Varun : shai how did u know we will touch 18860 by friday _/\_
[10:46] Shai : I said Mon/ Fri
[10:46] Varun : ur blog mentioned friday trgt as 18860
[10:46] Shai : just the range of the moves Varun
[10:47] Varun : and now u tweeted tht as we have touched poc, we r back in balance, so wild moves will take a break now
[10:47] Sharad : Ravi 8700 call writing started ?
[10:48] Sharad : bot @ 18875
[10:48] Shai : yes auction does a U if it has to turn than a V
[10:48] Sharad : Shai what stop loss ?
[10:48] Shai : U is best done at a previous POC
[10:48] Shai : Not more than 100
[10:49] Sharad : ok tody’s low
[10:49] Rav : 8900ce writing and 8600pe buying on
[10:50] RK : Shai Rel cap levels below 458 pls
[10:53] Shai : relcap I’ll still take this cuurent low but if it breaks then 441/ 429
[10:54] RK : Yes we had bottomed here in end Jan series..
[11:05] RK : SUN TV lost its remote..running down
[11:10] Shai : 🙂
[11:17] Shai : Most results have been like that
[11:17] Shai : result out and stock goes down
[11:18] Shai : and then the pundits call for more tops when earnings are dispapointing people here 🙂
[11:18] Shai : disappointing*
[11:18] RK : Yes..they pick few stocks per day .. today’s menu is Tata motors and Sun tv
[11:19] Shai : tata aslo very bad
[11:19] RK : what happend to Can bank is so sad..435 to 460 and back to 435
[11:20] RK : Yes Tata results very bad..due to some JLR news, it went upto 620 day before yday and 560 today
[11:26] Amit J : result was bad for canara, just moved up on short covering
[11:26] Rav : Last 20 min,bnf changed colour from red into blue.waiting for green in XTL
[11:28] Kris : https://twitter.com/cvkmohan/status/563566924156518401
[11:29] Kris : So we are back in IB!
[11:29] Kris : The more things change, the same they remain – Good morning Friends 🙂
[11:31] Kris : @Shai, Rm – looks completely new charts, look very impressive – but may be I need some training again! 🙂
[11:32] r m : Hi Kris 🙂
[11:32] RK : HDFC still holds..LT starts down
[11:32] r m : I had gone to sleep 🙂
[11:33] r m : These are 5 minute charts now with buy/sell
[11:33] r m : just the candle is invisible 🙂
[11:33] r m : Delta at price on left side
[11:34] Sharad : candle is visible.. see left of each candle green line means up and re line means down candle
[11:34] r m : 30 minute Footprint charts in middle and MP is the same old one
[11:34] r m : @Sharad, yes, thanks
[11:35] Rav : 18850 Lot booked at 18950
[11:37] Kris : Thanks Rm – will trouble you more, after absorbing this! 🙂
[11:37] r m : sure, just wake me up whenever you feel like 😀
[11:37] Kris : 18930 in blue, is it POC on delta chart?
[11:38] Sharad : yes
[11:38] r m : dpoc
[11:38] Rav : green came in xtl for bnf
[11:38] r m : POC should be somewhere near 19400
[11:39] Rav : 19330
[11:39] Kris : @Rm – so you want to give 19400 to me today? that will be too much yaar! 🙂
[11:40] r m : I thought nothing is too much for you 🙂
[11:40] Kris : yep – even the outlandish ones 🙂
[11:40] r m : lol
[11:41] r m : I am thinking now to change my surname, will be known as rmo henceforth 😀
[11:41] Shai : Hi Kris
[11:41] Shai : buyers at the lows bring vwap in BNF
[11:42] Shai : (10:34) Shai :that green should give vwap in intra day
[11:42] Kris : Hi Shai 🙂
[11:42] Kris : For a change, I have been bullish on BN – and – without logging in here went long 🙂
[11:43] Kris : then, logged in to find charts supported one of our old setups 🙂
[11:43] Shai : 🙂
[11:43] Shai : IBL setup
[11:43] Tejpreet : bnf bookes 18870 to 19000. now holding 19000 ce at 410
[11:44] Tejpreet : booked
[11:44] Rav : big vol
[11:44] Rav : in bnf
[11:44] Rav : 18825 booked at 19035
[11:44] Sharad : booked @ 19044 …. from 18875
[11:45] Shai : test of BNF now abv vwap is whether it goes abv 19064
[11:46] Shai : in that case we should see 19210 again
[11:46] Shai : vwap sl
[11:47] Kris : @Shai – VWAP-30 points should be a buy – Girish setup!
[11:48] Kris : VWAP swipe here – should give day high – my guess!
[11:51] Shai : yes may come back to dpoc 18930
[11:52] Shai : should not break IB low again for IB band trade to play out
[11:55] Kris : VWAP swipe is – once we go above vwap, price comes below vwap once to hit the SL and then moves up again – discovered by our Girish!
[11:55] Shai : more buyers
[11:55] Shai : we have to discover Girish now 🙂
[11:55] r m : yeah, he has just disappeared 🙂
[11:56] Kris : May be intra players can move part SL to just below pdl!
[11:57] Tejpreet : 19000 ce booked 410 to 530.
[11:57] r m : wonderful!
[11:59] Tejpreet : last few trades in bn really walloped the sl .
[11:59] r m : yes
[12:00] Tejpreet : hence in hurry to book.
[12:00] RK : its’a SL season 🙂
[12:00] Tejpreet : true
[12:01] Tejpreet : @shai can icici move to 340 id to support bn holding 340 call at 10.
[12:06] Kris : @Rm – on left most chart – it is buy X sell – right?
[12:06] Shai : Tejpreet yes BNF has honestly been untradeable
[12:06] Kris : So, there happened significant selling there !
[12:07] Kris : @Shai – mostly – it has been unruly – and probably the reason, why I had 4 consecutive days of positive trades in BN – one of very rare instances!
[12:07] Kris : @Shai – just shows, how much discipline I have to acquire – exception is never the rule! 🙂
[12:08] Shai : icici cash below 339 still targets 328
[12:08] Shai : Kris congrats 🙂
[12:09] Tejpreet : thanks
[12:09] Kris : no Shai – I would want to be good on normal trading days – which will be the case 80% of trading days!
[12:10] Kris : success on these wild days is more lottery – nothing much to be proud of! 🙂
[12:11] r m : @Kris, you have always been the King of those wild neutral days 🙂
[12:13] Shai : OI at 9000 ce is reducing?
[12:15] Rav : 4.10 lacs added
[12:18] Shai : thanks
[12:18] Shai : these seediff guys suddenly showed something else
[12:20] Rav : had discussion with sanjay several times. But he is busy marketing software to brokerage house and ignore retailers like us and hence abandoned that site
[12:21] Rav : then created macros in 2 different ways in excel for use and working great
[12:24] Rav : bnf buy signal came in
[12:24] r m : 8755 test again
[12:28] RK : RM that missile wala not yet in to make that flash spike 🙂
[12:30] r m : @RK, he comes only when we are not attentive 🙂
[12:31] Shai : Not enough to to go 19220 immediately
[12:31] Shai : looks rotation again back to vwap/ dpc
[12:33] Shai : (11:45) Shai :test of BNF now abv vwap is whether it goes abv 19064.(11:46) Shai :in that case we should see 19210 again
[12:33] Shai : ref was that 1
[12:34] Shai : period of quiet here till teh Fri fireworks start
[12:34] Rav : http://www.screencast.com/users/Ravicbe/folders/Jing/media/a9a14ef1-9b38-4e24-a8c6-570908c892a7
[12:34] Rav : nifty option
[12:36] r m : Thanks Rav
[12:42] RK : that 8761 morning seller has to give up
[12:43] r m : we have to find a solvent for dissolving fevicol he used up there 🙂
[12:43] RK : yes 🙂
[12:46] RK : BNS 19445 ydy late hour high to 18740 today low – .38 @ 19009..we have done 19020 now
[12:47] RK : for nifty 8729..we have done 8713 sofar
[12:51] r m : Europe is flat in after market
[13:00] Rav : second buy signal at bnf
[13:12] Kris : yep another vwap swipe!
[13:12] Shai : this can bring 18950
[13:14] RK : and IBL in NF
[13:15] RK : it has to whip and rise if rise is the trend for the remainder of the day..
[13:16] RK : or whip was there are 0.38 levels..both has marginaly went beyond last candle .38 retrace high and came down
[13:17] RK : whatever it may be, its going to be as usual fry day 🙂
[13:21] Tejpreet : ready for friday in 19500 call at 264 with tight sl 20 points
[13:31] RK : ACC 30rs spike in 1 min
[13:42] Amit J : shai we are getting buyers at yesterdays spike low. can we see vwap closing for week or close expected near low
[13:45] Tejpreet : @shai view on crompton when you get time.
[13:57] Shai : fri afternoon fury time
[13:57] Shai : last 2 afternoons we have sold off aggressively
[13:58] Shai : Amit structure is balanced today in NF and hence a close at curret vwap seems high probability
[13:58] Shai : purely going by today but note 13; 57 above
[14:00] Porus : Shai what is value of VAH in NF?
[14:01] Shai : crompgreav may bounce upto 172/ 176 and then down again
[14:02] Shai : vah at 8836
[14:02] Porus : thnks
[14:02] Shai : 19480 in BNF
[14:02] Tejpreet : thanks Sl for long at 162
[14:02] Shai : has to be current week low
[14:02] Tejpreet : ok
[14:04] Varun : but shai the violet blue is at 8719-8747 arent these the cval/h
[14:06] r m : developing values in turquoise blue
[14:13] Varun : so rm for bnf val is 19065 and for nf 8719 cval
[14:14] Shai : yes the ble
[14:15] Shai : blue*
[14:15] Shai : same color in profile charts also now
[14:15] Varun : super stuff @shai it brightened my trading, it was so boring
[14:15] Shai : lol 🙂
[14:16] r m : 🙂
[14:23] RK : BNF has other plans :
[14:23] RK : selling absorbed at lows Shai?
[14:25] r m : bn vwap is straight like a rod, all these rotations not making a difference there 🙂
[14:26] RK : Nifty day high selling at 8710..enough qty RM to pump it in SC ? 🙂
[14:28] r m : just sufficient to slip the developing value envelope by 3 points 🙂
[14:28] RK : 🙂
[14:29] Shai : No k but late seller trapped in NF
[14:29] Shai : 2.15 – 30425
[14:29] Shai : no buyers at the lows
[14:29] Shai : can drop
[14:29] RK : oh you mean he will try to sell again..
[14:31] RK : BNF also has no buyers below VWAP
[14:31] r m : yeah, averaging 🙂
[14:32] r m : not a trace of green at lows except that 1125 in BNF, greens already off for weekend!
[14:39] Tejpreet : Icici cash low 330 very close to your objective of 329 , picked up 330 call 12.5.
[14:40] RK : RM some buyers in NF want to make purchase before weekend 🙂
[14:40] Shai : NF heavy buyers
[14:41] Shai : that pink if it stays can force them to cover
[14:41] Shai : they are safe abv vwap only
[14:41] Kris : that 59375 – is it buyers or sellers?
[14:41] Shai : buyers
[14:42] Kris : so it is sellers X buyers?
[14:42] Shai : yes
[14:42] RK : above vwap that 30425 and 17475 and big one 38575 seller has to cover
[14:42] r m : ask x bid Kris
[14:43] Kris : hmm… completely missed it 🙁 Wanted to short at 19120 in BN – felt they are buyers and kept calm 🙁
[14:43] r m : this 72775 looks like Kris, old habit of buying at vwap band 🙂
[14:45] RK : RM ok formality breaking PDL done to hit stops..what next? 🙂
[14:47] r m : 😀
[14:48] r m : now short stops aboe vwap 🙂
[14:48] Kris : vwap band to IB low is 70 points! in BN
[14:49] Amit J : superb recovery from pink line
[14:50] Kris : @Rm – upper vwap band possible before close? 🙂
[14:52] Sharad : PDL and DVAH @ 19055 100% possible go for it
[14:52] Sharad : BNF go go go go
[14:53] r m : @Kris, that should be near 19260!
[14:55] Shai : Buyers had to push at vwap
[14:58] Amit J : large buyers before event
[14:58] Amit J : tomorrow delhi election and than exit poll
[14:59] Kris : result is on Tuesday na?
[14:59] Amit J : yes
[15:01] Shai : Delhi election joke : Modi asked at a rally in Hindi- 7 tarrek ko kisko vote dena hain? People replied “aap” ko. Modi confused 🙂
[15:01] r m : 🙂
[15:02] Shai : sellers in NF
[15:02] RK : Sellers again in a huge way
[15:03] Shai : this should bring 8685
[15:03] Shai : sellers in BNF also
[15:08] Shai : transaction size is getting bigger at the lows in NF
[15:08] RK : its going to close around 8645 spot which is marked in many trader’s book 🙂
[15:09] Shai : that is teh day low
[15:09] RK : If it does 8685 Shai can clear all those anomalies numbers in a premarket view..rest all nos done
[15:09] Shai : yes
[15:10] RK : 🙂
[15:10] Shai : bull market should not leave behind anomalies
[15:10] Shai : NF structure of today is nice for a bounce from today poc on Mon
[15:11] Shai : can give a trend day up
[15:11] Shai : that 100000 qty at lows suggests importance of today’s lows for next week
[15:12] Shai : even BNF hit an important level
[15:12] Amit J : NF structure of today is nice for a bounce from today poc on Mon??? if we cross todays poc than trend day right?
[15:13] Sharad : shai where is 1 lac qty ?
[15:14] Amit J : shai your view on dlf. post delhi election we could see some negative inquiries on it
[15:14] Sharad : in what time candle
[15:14] Shai : it is 99475 actually
[15:15] Sharad : ok 95650 on 14.:40
[15:15] Shai : 95650 by 1 player 14;40
[15:15] Sharad : yes Thanks
[15:15] RK : I can see that 95650 only
[15:16] Shai : dlf price may be turning here
[15:16] Shai : 172 sl for 156/ 154 next week
[15:17] Shai : below 160 confirmation of weakness
[15:17] Shai : yes the net at the number is to the left
[15:18] Amit J : order on dlf. just before delhi election.
[15:20] Shai : ok
[15:20] Shai : was steady all week and refused to come down
[15:22] Sharad : someone buying NF
[15:23] Shai : yes
[15:23] Shai : there is no aggressive shortng in this fall only long liquidation
[15:23] Shai : at sme stage they will put it back
[15:23] Shai : just like last 15th
[15:30] RK : thanks and bye all
[15:30] r m : Thanks and bye folks, have a great weekend 🙂
[15:30] Tejpreet : Bye all
[15:30] Shai : bye all
[15:30] Shai : happy weekend. enjoy
[15:30] Sharad : Bye all.. happy weekend
[15:31] Amit J : bye
[15:31] Amit J : MO should be smashed today