General Chat Transcript
Date and Time: January 14, 2015 09:22:55
[08:57] r m : Good Morning folks!
[08:57] r m : http://vtrender.com/levels-and-plan-for-14th-jan/
[08:57] r m : http://vtrender.com/premium/orderflow-charts-and-notes-1301/
[08:58] r m : NF Hypo1 below 8348➜8308➜8280 SL 8363 Hypo2 above 8349➜8389➜8442-48 SL 8332 JAN Future levels
[08:58] r m : BNF Hypo1 above 18880➜18920➜18990 SL 18814 Hypo2 below 18870➜18720➜18670 SL 18845 JAN Future levels
[08:58] Porus : GM all
[08:59] Shai : GM all’
[09:00] Sharad : GM all
[09:04] Varun : good morning
[09:05] Varun : wht does the orange lines indicate in profile
[09:05] Varun : and the pink
[09:06] r m : Orange is IB
[09:06] Rahul G : hello all gm
[09:06] r m : Pink is Price POC
[09:07] Varun : does previous days ib have any ref to next day ?
[09:07] Porus : RM, what time are the Yes Bank and LIC HF results?
[09:08] r m : @Porus, timings not known
[09:08] Shai : Wild night at ES yesterday
[09:08] Shai : gap up and down just like NF
[09:08] Keshav : morning all
[09:09] Shai : something is cooking in the global sphere- lots of anxiety
[09:09] r m : WPI numbers at 12:00
[09:09] Keshav : deflation
[09:09] RK : GM Shai,RM and all ::)
[09:09] Varun : if we open up and close below after a few days of upmove, doesnt it mean end of a trend
[09:10] r m : Results today – NIIT Tech, TV18, LIC Housing Fin, Yes Bank
[09:10] r m : Hi RK 🙂
[09:14] Shai : Varun depends on your TF
[09:14] Varun : k
[09:14] Shai : The hourly uptrend is now over
[09:15] Shai : 8348 ref line and KRA
[09:16] Amit J : shai your view on hindalco for shorting
[09:16] Shai : 8312 supp below that short plays to 8280
[09:18] RK : premium has come down to 12
[09:18] Shai : hindalco weak below 157 – more weakness ST below 149.3 now can do 142
[09:22] Shai : NF OAIR
[09:22] Shai : more likely to repair the broken 8336- 8312 and then perhaps 8312- 8270
[09:23] Varun : whts oair
[09:23] Shai : open auction in range
[09:23] Varun : means rotation in pva
[09:24] Shai : yes for the morning at least
[09:24] Varun : and since we openend in pva, trend of previous dy will continue
[09:24] Varun : untill range extension hapens
[09:25] Varun : good to short around 8348-8358 area
[09:25] Varun : ?
[09:25] Shai : yes
[09:25] Shai : hypo1 in play below 8348
[09:30] Amit J : shai any sl for hindalco now
[09:30] Shai : 153.2 is the ideal sl but 150.5 will do intra
[09:31] Shai : 145.5 looks comfy to achieve
[09:31] Amit J : thanks
[09:33] Shai : welcome
[09:33] Shai : 8330
[09:33] Shai : vwapbands are coiled
[09:34] Varun : whts it ref ?
[09:35] Shai : low vol at open
[09:35] Shai : players in watch mode
[09:35] Varun : thnks
[09:36] Shai : 18825 is res in BNF now – 18670 supp
[09:38] Shai : yesterday FII’s turned buyers in index F after 4 days
[09:38] RK : Shai Tata steel levels below 386 pls
[09:38] r m : yeah, they are a confused lot these days 🙂
[09:40] Shai : tatasteel supp is there at 383.6
[09:40] Shai : current volumes do not suggest a break below 383
[09:40] RK : ok thanks
[09:40] Varun : thr r 3 vwaps in first chart
[09:40] Varun : whts the one for today
[09:41] Varun : pvwap ?
[09:41] r m : @Varun, middle one is vwap
[09:41] Varun : whch 8323 at present
[09:41] r m : top and bottom are 3sd expansion bands of vwap
[09:41] r m : ye
[09:41] r m : yes
[09:41] Varun : thexpansion ones relevance
[09:41] Varun : ?
[09:42] r m : they show that volumes are behind the move when band expands outside price
[09:42] Varun : gr8
[09:42] Varun : so this can be chked at time of breakouts
[09:43] r m : best used for profit booking when you are already in a trade, but yes, can be used for breakout confirmation too
[09:43] Varun : whether the breakout is with volume or without it
[09:43] Varun : do thy act as sup/res
[09:44] r m : generally when the price goes outsid the band, it returns back
[09:44] Varun : k
[09:44] Varun : thnks rm
[09:44] r m : welcome
[09:46] Varun : r the 8319,8316 sellers trapped ?
[09:49] Rav : Yesterdays VWAP was 8339
[09:50] r m : yes, in my chart too
[09:50] r m : bnf was 18857, returned near that
[09:51] Rav : COI:8300 ce 1.8 pe 4.48
[09:56] Kathir : Hi Shai RM and all friends 🙂
[10:00] Rahul G : hello kathir
[10:03] r m : Hi Kathir 🙂
[10:05] r m : @Rav, do you calculate PCR from all the strikes or strikes with a certain level of OI?
[10:06] Rav : Mine is 1.41 for all strikes but NSE says 1.1 by eliminating absent ce or pe oi
[10:06] RK : Tata Steel and Rel cap both done..thanks Shai..
[10:06] r m : Thanks Rav
[10:07] RK : Tata motors can you pls suggest levels for buy
[10:07] Rav : wc
[10:09] r m : @RK, suggest pm Shai, so that the blinking tab gets his attention
[10:10] RK : RM If I ask here, it may help others also..since these are kind of swing trades, delayed response from Shai is fine. PM is only when you have poured hot water on your legs :))
[10:11] r m : lol
[10:12] Kathir : 🙂
[10:13] r m : @RK, there is a practical problem, the chat rolls up fast so if Shai is busy elsewhere, your message may not appear on the chat area visible to him on his return
[10:14] RK : RM thanks..point taken.. will do check with him in PM..
[10:14] Rav : chat box typing area with 2 line space will avoid typo
[10:14] Varun : c
[10:14] r m : Thanks Rav, you sure are a good researcher 🙂
[10:14] Varun : can we increase the font size in pfoile chart little bit, thanks
[10:16] Rav : nf and bnf turned in to sdieway mode
[10:17] Keshav : thats a bad mode
[10:18] r m : @Rav, I am trying to calculate PCR in ami with cheaper amicharting data, they are poviding only the 100 strikes between 7500 and 9100, but PCR is quite near to your calculation
[10:18] Rav : sd1 sideway sd2 bear mode
[10:19] Varun : thanks
[10:20] Shai : tatamotors could have run into res at 525
[10:20] Shai : weak below 521 can drop to 508/505
[10:20] Rav : rm.the problem with pcr is that when mkt spikes up or down, many OTM options will join the band and create issue. ami calculation for ITM ATM is alright as long as mkt is intact or else
[10:21] r m : Thanks Rav
[10:22] Shai : IB done
[10:22] r m : exact 8348 on the upper side!
[10:22] Shai : played out 8348- 8308 of hypo1
[10:22] r m : yes!
[10:23] RK : Thanks Shai
[10:23] Shai : BNF covered that anomaly at 18820 we spoke on yesterday
[10:24] Shai : BNF looks more like a reject down from there and likely to do 18580
[10:24] Rav : RM this one shows 1.56 for selecte few range ( misleading when we see real pce of of 1.4 and 1.1 released by nse) http://www.screencast.com/users/Ravicbe/folders/Jing/media/675a7b86-e3dd-4ad2-b149-d5367d1d2b1d
[10:25] Shai : Nifty spot positionals below 8330 close and likely to visist 8245 spot for ref
[10:26] r m : Thanks Rav, then PCR calculated with GDFL data should match NSE? GDFL has got the entire option chain
[10:27] Kathir : is buyers responding near 8303 nf?
[10:27] Rav : but we have to buy 1000 data atleast …costly
[10:27] Shai : Kathir not yet in huge qty
[10:27] Rav : use presently 200 symbols .many use esignal data feed through gdfl only 5
[10:28] Kathir : ok shai
[10:28] r m : ok, that makes sense
[10:29] Kathir : @rav 8500 ce seems to be making some buying today is it?
[10:32] Rav : 8400ce volume is more
[10:36] Kathir : ok
[10:39] Kathir : @rk what happenned to your copper 5 years low ?
[10:43] Shai : bears have to keep it below vwap and break 8312 later in the day for a move down to 8270/80
[10:44] Shai : Bulls have to capure vwap and move it above 8348 to run stops upto 8368/ 8388
[10:44] Shai : there is 20 easy points abv 8348 and beow 8308
[10:45] Varun : if delta doesnt increase when price is falling, is it that selling is being absorbed and vice cersa
[10:45] Kathir : shai 18580 possible today?
[10:45] Varun : versa
[10:45] Shai : BNf better to short on rise upto 18800- 18830
[10:45] Varun : as in negative increase
[10:46] RK : Kathir not looking at it as got busy here
[10:46] Shai : Kathir not sure abt 580 today but that is the obj below 920 F and should come by friday
[10:46] Kathir : ok 🙂 some guys here discussing about the copper
[10:46] Kathir : @shai ok
[10:47] Shai : Varun try to see delta relative to the max and min
[10:47] Shai : as shortcovering and buying mean the same in delta
[10:47] Varun : k
[10:47] RK : Kathir this is high time we keep ourself away from commodity traders..lot of temptation :))
[10:47] Shai : or shorting and liquidation of longs
[10:47] Varun : thnks
[10:48] Varun : but hw to implement if we r getting buyers/sellers near a pivot point, like below ib range
[10:48] Kathir : @rk i dont know anything about thatso no problem 🙂
[10:48] Shai : buyers – delta will go up
[10:48] Shai : and vice versa
[10:48] Varun : k
[10:48] Varun : thnks
[10:49] Kathir : @shai how to read delta FP..small confusion
[10:49] Kathir : fours rows there
[10:51] Kathir : vwap test again
[10:53] Shai : the last column on right in the current 30 mins
[10:54] Shai : the first on left is 9.15- 9.45
[10:54] Kathir : ok
[10:55] Varun : we hve a failed auction set up
[10:55] Varun : in nifty ?
[10:56] Kathir : so nf first 30 min delta % was -79 v +4
[10:56] Varun : but noticed if fa set up dont complete in next one hour, it breaks the ib range again
[10:57] Shai : ye -79 and -104 at open hour
[10:58] Shai : Varun we don’t regard it as an FA till vwap confirms and IBH is reached again
[10:58] Shai : besides it happened exactly at close of IB hour
[10:59] Varun : k
[11:01] r m : Bye folks, have to step out now, hope to see you at close 🙂
[11:02] Kathir : bye RM 🙂
[11:04] Shai : see u later RM
[11:07] Varun : delta increasing near lows ?
[11:07] Shai : yes
[11:07] Shai : sellers are there
[11:10] Kathir : shai this 10 points down nf but spot did not go down premium decreased to 10-12
[11:12] Shai : hmm Kathir
[11:12] Shai : buying resp attempted
[11:12] Varun : yup
[11:13] Shai : 8329 sl for shorts
[11:14] Shai : sellers are heavier now at 8320- 8322
[11:14] Varun : sellers coming back
[11:14] Kathir : @shai FP 1st 30 mins data – 1643, -79,4 and -111 ?
[11:14] Varun : delta at max
[11:14] Shai : No Kathir the green is volume
[11:15] Shai : look at red/ blue for delta
[11:15] Kathir : ok then the -111 bottom?
[11:15] Shai : -79/ -107/ 29/-59
[11:16] Shai : then the max row is right below and then the min row
[11:16] Kathir : oh ok ..thanks shai
[11:17] Shai : the headers are there on left : Nifty, delta, max , min
[11:17] Kathir : yeah
[11:19] Varun : seller delta at max but price not falling, wht does tht indicate ?
[11:20] Shai : buyers trying to absorb
[11:21] Shai : has to berak 8298 now
[11:22] Shai : somebody is absorbing at 8298
[11:23] Shai : if he is forcced to liquidate i is a bigger fall ahead
[11:23] Varun : yes, cos by now a big single print shld hve been made with the amount of seling delta
[11:23] Shai : see that 69/ 70
[11:23] Shai : 75
[11:23] Varun : yes
[11:24] Shai : 89
[11:24] Shai : could be an institution
[11:24] Kathir : will he be forced to liquidate beloqw 8270?
[11:24] Shai : 101
[11:24] Kathir : yeah increasing
[11:24] Kathir : but the price stays there
[11:24] Varun : sir we hve an ib range extension, we shld not re enter ib again for a big down move
[11:24] Varun : ?
[11:25] Shai : yes sl abv IBL
[11:25] Varun : else we r bcak to sideways?
[11:25] Varun : or probably days high
[11:25] Shai : but this buyer is in trouble if price does not cross vwap
[11:25] Shai : 114
[11:25] Varun : let me sell to him 😉
[11:26] Kathir : sellers also giving tought fight @ 8301 range
[11:26] Varun : thts me 😉
[11:27] Kathir : oh great 🙂
[11:27] Kathir : VII varun institutional investment tean
[11:27] Kathir : team
[11:28] Shai : scale out a bit of shorts
[11:28] Varun : hmm
[11:28] Shai : let the market play out
[11:28] Shai : we will get renetries
[11:29] Shai : delta +47
[11:30] Kathir : delta -298 to -179 now
[11:30] Shai : genreally these big guys play out a few points and the markets run it’s course
[11:32] Shai : yesterday’s buyers were at 8290F
[11:32] Kathir : FII’s bought nifty yest?
[11:33] Shai : technical picture still says if we break 8270 F we will run to 8178 F
[11:33] Shai : that’s in line with these late buyers forced to liquidate
[11:34] Varun : delta for this half hour changes to negative
[11:34] Varun : we wr 48 plus
[11:34] Varun : nw -38
[11:34] Varun : big tussle going on
[11:34] RK : considering global volatility swing will be min of 100 in NF today too
[11:35] Kathir : ok
[11:35] Shai : Yes that seems to be 1 institution there around 8290- 98
[11:36] Kathir : varun’s enemies 🙂
[11:36] Shai : but overhead is all sellers from 8320
[11:36] Shai : bigger battle is at vwap if we get there
[11:38] Kathir : @where this sellers will be forced to liqui? above vwap or IB high?
[11:40] Shai : part abv IBH and bal over vwap
[11:40] Shai : BNF at pdl
[11:40] Shai : much weaker than NF today
[11:41] Kathir : 8000 pe and 8500 ce same price
[11:42] Shai : technically the market should drop to 8245 spot or 8270F and test out those buyers
[11:42] Shai : but that is not in the intra space tgough we are close by
[11:43] Kathir : so above vwap wih volumes today will give easy 20-25 points to ib high today?
[11:43] Rav : if bullish write pe and buy ce or viceversa
[11:44] Kathir : @rav this is happenning in that pair you mean?
[11:45] Rav : double profit
[11:46] Kathir : ok
[11:50] Porus : IT index moving up.
[11:50] Porus : Big jump in YEs Bank
[11:55] Shai : BNF testing supp
[12:00] Shai : Q3: Net profit at Rs. 540 Cr vs EST of Rs. 520 Cr; gross NPA at 0.42% vs 0.36%.
[12:00] Shai : Yes bank
[12:01] Shai : can’t still get past that 8298F
[12:01] Shai : +75 again there
[12:02] Shai : If you are seeing that chart of FP the lower cross diagonal value should be higher to show more sellers being aggressive
[12:02] Shai : like 79 and 23 now- 24 should get bigger than 79
[12:05] Amit J : thanks shai for hindalco. exited
[12:06] Shai : December WPI Inflation At 0.11% Vs 0% (MoM)
[12:07] RK : should be careful now when we dip below PDL..that 8270F watchful today
[12:07] Shai : Congrats Amit- massive trade
[12:07] Shai : yes RK not suggestive of aggressive new selling here
[12:08] Shai : It’s only these buyers from yesterday and today who can hold their own or liquidate which may create the next move
[12:08] Porus : Shai, what is trigger point for next bnf downmove?
[12:09] RK : yes that bounce was swift when we had low yesterday
[12:09] Amit J : dow future
[12:09] Amit J : -130
[12:09] Shai : Porus 580
[12:10] Shai : es in trouble below 2010
[12:10] Shai : can drop to 1970
[12:10] Amit J : yesterday europe closed at days high. should see panic in open
[12:10] Shai : yesterday restest of 2045/55 created sellers
[12:10] RK : Yday that was hell of action 🙂
[12:11] Porus : Shai, 18580 is a tgt right?
[12:12] Amit J : shai your target achieved in hindalco. below 143?
[12:13] Shai : 141
[12:13] Shai : good call Amit
[12:14] Shai : Even I placed an order to sell after your headsup, but just noticed it was not filled 🙁
[12:14] Porus : Amit good call: Shai good levels
[12:15] Kathir : Congrats amit
[12:16] Shai : 92/ 19/ 7 now countering taht 146
[12:16] Shai : BNF steadily trending lower
[12:16] Shai : could finsih at day low
[12:17] Porus : CAn enter fresh shorts here?
[12:17] RK : I was looking that chart this way only Shai yday..had a conviction when mounting sell at 8375 levels for some time there..but couldn’t follow the conviction..that chart is good to watch 🙂
[12:17] Shai : yes 675 prev supp now res
[12:17] Shai : sl has to be vwap
[12:18] Shai : Porus at this hour go with 50% qty only as we risk the chance of a pull back high here
[12:18] Porus : ok
[12:19] Amit J : hindalco cracked on copper price.
[12:19] Shai : right
[12:19] Kathir : ok
[12:20] Keshav : hmm
[12:20] Amit J : i do lot of this kind of trades. again when russia issue will come, dr reddy will crack
[12:20] Keshav : how are they related
[12:20] Keshav : ??
[12:21] Keshav : dr reddys and russia?
[12:21] Amit J : dr reddy has high exposure in russia
[12:22] Keshav : oh
[12:27] Shai : that 104 is that liquidation ‘
[12:28] Shai : BNf short bookpart
[12:31] Kathir : the power of 8270 shown
[12:32] Kathir : nf 100 down from highs :
[12:33] Kathir : @rk mentioned this earlier
[12:36] Keshav : http://i.imgur.com/TCxm0bV.png
[12:37] Keshav : overall momentum of todays falls seems to be higher than yesterdays
[12:37] RK : Shai LT has any weakness?
[12:38] RK : looking to short below 1510
[12:39] RK : delta dropped from -20o and buyers in
[12:39] RK : NF
[12:39] Kathir : 8280 possible now?
[12:40] Keshav : @rk m also looking for entry in lt
[12:41] Keshav : seems like it will take out the lows
[12:41] Keshav : last swing
[12:45] Kathir : last 30 mins delta registerred highest volume till today
[12:46] Kathir : oh i can see only after 11.15..sorry
[12:48] Shai : lots of buyers at the lows in NF
[12:48] Shai : all under pressure below 8270/80
[12:48] Shai : can fuel a further selloff
[12:49] Kathir : @shai now that 8280 can be treated as good Sl for shorts?
[12:49] RK : 8170 🙂
[12:50] Shai : yes Kathir
[12:50] Kathir : rk 8170 onn the way 🙂
[12:50] Shai : But if you were short higher you should have booked below vwap band once
[12:51] Kathir : yes shai booked the pe bought yest eve..thanks
[12:51] Shai : possible 8282 again here
[12:51] Shai : 8288 F is better sl
[12:51] Kathir : ok
[12:56] Kathir : nf delta -20 from -298
[12:57] RK : Shai If at we have a reversal, can we attempt buy above 8298 with 8280 SL
[12:57] RK : *If at all
[12:57] Shai : yes can tgt 8326/ 48 in that case
[12:57] Shai : But 8350F res will again play out
[12:57] Shai : 8350- 8388 on current week
[12:58] RK : fine
[12:58] Shai : 8244- 8266 has brought closure to many shorts
[12:59] Shai : bears will prefer a rise to short I think than here
[13:00] Varun : just logged back
[13:00] Varun : delta turens almost flat from -300
[13:01] Kathir : yeah shorts coverred ?
[13:01] Varun : shai is thr an abmormalityin 8270-8282 range
[13:01] Kathir : 12:58 Shai : 8244- 8266 has brought closure to many shorts
[13:02] Shai : yes 8282
[13:02] Varun : so revisit
[13:03] RK : last swing’s .61 is at 8210 and 18482 S
[13:05] Shai : swing from up ?
[13:06] Varun : big seller at 8262
[13:06] Varun : lets see cover or fresh
[13:06] RK : 18211 to 18921 Shai
[13:06] RK : and 8065 to 8445
[13:06] Shai : thanks RK
[13:07] Varun : nw a big buyer
[13:07] Varun : fun times
[13:07] RK : welcome
[13:12] Shai : 2nd balance being restored 8246- 8268
[13:15] Varun : with same mail id and password it opens on laptop
[13:15] Varun : tht ws for shai
[13:15] Varun : sorry folks
[13:16] Shai : 8276
[13:17] Shai : delta day max
[13:19] Shai : 8282 anomaly is the focus of the market here
[13:24] Shai : BNF area of int now is the OF at 670 and whther sellers come back there
[13:24] Shai : 670- 690
[13:25] Varun : whst of
[13:25] Shai : orderfow
[13:26] Shai : 2 64 point rises in BNF
[13:37] Varun : l profile has moved over the high og k profile, downmovement arrested ?
[13:37] Varun : of
[13:41] Varun : if bnf reenters ib range, can it do a 80 rule in ib ?
[13:42] r m : back
[13:42] RK : all action done RM 🙂
[13:42] r m : 🙂
[13:43] RK : hoping no more action 🙂
[13:43] r m : almost 3IB in NF
[13:43] r m : and 1.5IB in BNF!
[13:43] Kathir : @RM I Suspect you for this fall NF 🙂
[13:44] RK : Kathir he is here to start the second round of sell off..hint from chart 🙂
[13:44] r m : @Kathir, needle of suspicion? 🙂
[13:46] Kathir : PM
[13:52] Varun : mp chart doesnt show rates below 64
[13:52] Varun : we went till 44 i think
[13:56] r m : @Varun, yes that chart needs adjustment
[14:00] r m : markets seem to be doing nothing this series!
[14:00] r m : http://screencast.com/t/AWFXHUR6O3EG
[14:00] Varun : like us mrkts didn ntohing last nite
[14:00] Varun : closed flat
[14:00] Varun : 😉
[14:01] r m : nv vwap at least has a few kinks! http://screencast.com/t/HND8smWBH
[14:03] Varun : nw m profile crosses high of l profile, downtrend seems restricted
[14:03] Kathir : @rm whats that big red dot line in your chart
[14:03] r m : series vwap
[14:04] r m : price going hither and thither but vwap just lying like a lazy anaconda 🙂
[14:05] Varun : whts vwap fr nifty today
[14:05] Kathir : so after 15 days we are closing below series vwap?
[14:05] r m : 8293
[14:06] Varun : thnks rm, it ws visible in morning in chart, but i think nw its not
[14:06] r m : yes, it is above the visible frame here
[14:07] r m : @Kathir, yet to close man!
[14:07] Varun : will 8282 act as resisitance cos of single prints area and abnormailty
[14:07] Rav : better keep 4-5 days vwap and pdl,pdh,wl etc in chart since mp charts here will get adjusted frequently
[14:07] r m : it is a DD so far
[14:07] Varun : ya an elenogated dd
[14:08] Varun : and i read the single print area bween the the two value area acr as support/res on such days on revisit
[14:08] Kathir : 🙂 RM lets us see what bulls do from here now for close..but technical trgt 8170 is pending from shai 🙂
[14:08] Rav : big vol
[14:09] r m : @Kathir, OK! Did not know about Shai’s target 🙂
[14:10] Rav : put writers pushing nf
[14:10] r m : ok
[14:10] r m : DD single prints erased in NF
[14:11] Varun : actually first sign of reversal came when, pfoiles were making higher highs
[14:11] Kathir : @RM – 11:33 Shai : technical picture still says if we break 8270 F we will run to 8178 F
[14:11] Rav : big vol now too
[14:11] r m : @Kathir, thanks
[14:11] Kathir : most welcome 🙂
[14:12] Rav : 8319
[14:12] Kathir : wow nf
[14:12] Kathir : 40 points jump in a second
[14:12] Rav : 2 days before vwap crossed
[14:14] RK : again power of 8280 🙂
[14:14] r m : as Rav said huge volumes at 8284, 8315, 8326 http://screencast.com/t/oAhluUfiiju
[14:14] Kathir : yeah.
[14:15] Kathir : @rk guys were discussing about SL for shorts and in a second turned otherside now
[14:17] Rav : rm..i watch candle with color for spotting vol http://www.screencast.com/users/Ravicbe/folders/Jing/media/0b2c09fb-c1ec-4975-94b2-f26205d4d9e7
[14:17] RK : bulls and bears doing tit for tat..I will not be surprised if Hypo 1 triggered today
[14:17] RK : sorry Hypo2
[14:17] Rav : bought 8271
[14:18] Rav : with 8300ce
[14:18] Rav : t 8390
[14:19] Kathir : Rav super
[14:19] r m : @Rav, yes, you gave us the AFL for bigh volumes the other day
[14:20] RK : great Rav 🙂
[14:20] Kathir : @rav you bought after noticing the volume?
[14:20] Rav : 441 cr fut 571 cr option buying yesterday..
[14:21] Rav : 571 cr options encashed
[14:21] Kathir : FII’s or overall
[14:21] Rav : now attacking fut
[14:21] Rav : fii
[14:21] Kathir : ok
[14:22] RK : Kathir in this mkt no way to discuss SL..better to feed SL first and then order next :))
[14:23] r m : FII’s http://screencast.com/t/bRvLIUeNT6
[14:23] Kathir : 🙂 did you buy nf @ 8290..?
[14:23] RK : no Kathir..placed order at 8300 but later cancelled it 🙂
[14:24] RK : wanted to check price action and delta before punching
[14:24] Kathir : ok
[14:25] RK : but could be able only watch and no time to execute :))
[14:25] Kathir : RM thanks..so FII’s clear long now
[14:26] r m : @Kathir, yesterday they changed stance after quite a while
[14:26] Kathir : ok
[14:26] r m : but still not out of woods, they are net short in index future for this series
[14:26] Kathir : oh
[14:27] Kathir : they want to add more 🙁 ?
[14:27] Shai : looks like a set range 8270- 8380 rest of this week
[14:27] Rav : last week they unloaded 14.8% longs and not shortes at all
[14:27] Shai : that lack of selling below 8270 gaave buyers an opportunity abv 8288
[14:28] Kathir : ok Rav
[14:28] r m : they are long term guys, net short for the series yet holding 57% of total long Index Future OI!
[14:29] RK : Shai BNF was classic movement from the levels..offered to short at high as discussed yday and moved to both targets 610 and 580
[14:29] Rav : 8247-8327:100 points
[14:29] Kathir : 100 down and 100 up
[14:29] r m : http://tinyurl.com/NSEOI2015
[14:32] Rav : rm overall correct. but last week alone ,i said
[14:32] r m : yes, last week they kept on booking profits in long with no significant short addition
[14:33] Kathir : @rk your levels there now 🙂
[14:34] Kathir : @rav huge volumes in 8400 ce
[14:35] Varun : is 8296 dpoc ?
[14:35] Varun : or 8282
[14:35] r m : 8312 the thick blue line
[14:36] RK : .38 from day low to current high stands at 8299 and 18678 F
[14:36] Kathir : that suggests no big volume below 8270
[14:36] Rav : 8400ce writing and 8200pe buying . vol>coi
[14:37] Rav : vol>coi: ce sell vol>oi:pe buy
[14:38] Kathir : ok ravi
[14:39] Rav : sorry correct one is vol>coi: ce buy vol>oi:pe buy
[14:39] Shai : -105
[14:39] Shai : sellers are using highe rprices to sell
[14:40] Varun : once it rentered ib it shld hve done ib high
[14:40] Varun : didnt sustain
[14:40] Shai : (12:58) Shai :8244- 8266 has brought closure to many shorts. (12:59) Shai :bears will prefer a rise to short I think than here
[14:40] Varun : applause
[14:41] Shai : but Now I think we should stay in range for 2 more sessions
[14:41] Shai : 8270- 8370 roughly
[14:46] RK : if upmove has to sustain then 8278 and 18635 to be watched out .61 of last rise
[14:46] RK : F
[14:47] Shai : 18615 supp now
[14:47] Shai : 8270 F
[14:47] Shai : fll continues below these 2
[14:48] Shai : fast changing market
[14:48] Amit J : tredning day shai? day low close
[14:48] RK : very fast 🙂
[14:48] Shai : No Amit
[14:49] Shai : 2 timefraame activity visisble not 1 way trend
[14:49] Amit J : ok
[14:49] Porus : Shai, levels for TCS? REsults are tomorrow.
[14:52] Shai : Porus tcs locked between 2483- 2517 cash
[14:52] Shai : Potential move tom is +100
[14:52] Shai : 2423- 2587
[14:52] RK : Shai any significance with that 40 points jump in Nf?
[14:52] Shai : use 2482 and 2518 for bias
[14:53] Porus : Thanks Shai
[14:53] Porus : Amit, whats your view on TCS?
[15:04] Amit J : no view porus
[15:05] Rav : 8285-8308
[15:05] Rav : in 5 min candle
[15:06] Kathir : porus result day dont be in one side position..my view
[15:07] RK : Kathir when is the result for TCS? tmw?
[15:07] Shai : vwap or dpoc fair close today
[15:07] RK : sorry just seen Porus msg abv
[15:09] Shai : at 8270- 8277 past 120 mins see 164/ 131 and now 144
[15:09] Shai : some1 buying again there
[15:09] Shai : 18612 supp see 83+83+69
[15:10] Shai : Nice tussle between buls n bears
[15:11] RK : If the week is acting like this, then how would be this Friday? 🙂
[15:12] r m : Fryday!
[15:12] RK : exactly 🙂
[15:12] Amit J : huge panic in commodities but surprisingy no panic seen in equities.
[15:13] RK : it has become like greece story now..only used for headlines
[15:13] RK : Jokes apart, it’s a huge concern especially when base metals started another round of sell off
[15:18] Kathir : what time tcs results tomrw – before market hrs?
[15:19] Rav : after
[15:20] Kathir : ok
[15:21] Shai : dpoc comes to meet vwap in BNF
[15:21] RK : entering IB also simultaneously
[15:21] Shai : NF prefers the upper dpoc to vwap
[15:22] Shai : orderflow is flat
[15:22] Shai : tom can be in range
[15:22] Shai : and friday we have to pick one end for the afternoon
[15:24] Porus : Friday – Axis, Wipro, RIL results
[15:24] Shai : ok
[15:24] Shai : axis is known to come around 1 pm and RIL after close
[15:27] RK : ES looks ok
[15:27] Shai : BNf looking up
[15:28] Rav : N has been formed between 2-3.30
[15:28] Kathir : premium 30 again
[15:29] Shai : delta day max now in BNF
[15:29] Shai : eve NF
[15:29] Rav : 8370-8390 gap up opening is likely tomorrow
[15:29] Kathir : wow
[15:29] RK : good volume there
[15:29] RK : in closing
[15:30] Shai : 8319/ 18717
[15:30] r m : Thanks and bye folks, have a great evening 🙂
[15:30] Shai : buyers at close carrying
[15:30] Shai : Bye all
[15:30] Shai : Have a nice evening
[15:30] Kathir : thanks and bye all friends
[15:30] Porus : bye all
[15:30] RK : bye all
[15:30] Rav : Happy Pongal
[15:31] r m : Happy Pongal, Thanks Ravi 🙂