OrderFlow charts and Notes 15/01/16

[08:52]   Ashish : GM RM and friends
[08:55]   Jitender : Gm Shai,Rm, friends:-)
[08:57]   r m : Good Morning folks!
[08:58]   r m : Hi Ashish, Jitendra 🙂
[08:58]   r m : http://vtrender.com/evening-report-trade-dated-14th-jan-2/
[08:58]   r m : http://vtrender.com/orderflow-charts-and-notes-140116/
[08:58]   r m : Nifty JAN Future levels | KRA 7762 | NF Hypo1 above 7595➜7650➜7722 SL 7540 | NF Hypo2 below 7485➜7429➜7308 SL 7532
[08:58]   Sandip : GM ppl
[08:58]   r m : Banknifty JAN Future levels | KRA 16525 | BNF Hypo1 above 15677➜15800➜16050 SL 15570 | BNF Hypo2 below 15440➜15317➜15238 SL 15545
[09:01]   Shai : GM all
[09:03]   Sandip : gm shai
[09:03]   Arvind : GM all
[09:04]   Viral null : gm
[09:04]   Tejpreet : GM All
[09:05]   Janak : gm shai – week/month/day trends down – prudent to sell ces ?
[09:08]   Janak : bn will do 320 befoer eod?
[09:10]   Vikkas : Gdrmgn all
[09:10]   Vikkas : Hi RM & Shai
[09:10]   Shai : mo Is at extremes Janak, don’t be aggressive short
[09:11]   Janak : MO is yet to reach -100
[09:11]   Chandramouli : GM all
[09:11]   Shai : am expecting a quietr day with a little bit of voltility in last hour
[09:11]   r m : Hi Vikkas
[09:11]   Janak : ok
[09:12]   RK : Gm Shai,RM and all
[09:12]   r m : Hi RK
[09:12]   RK : Happy Pongal to all who celebrate it 🙂
[09:12]   RK : RM need an OAIR and my pongal breakfast will take care of the rest 🙂
[09:13]   Vikkas : Happy pongal to all 🙂
[09:13]   Uttam : Good Morning Everyone & Happy Pongal….
[09:13]   Uttam : gives a even more better feeling when you have a festival to celebrate on a Friday 🙂
[09:14]   r m : 🙂
[09:14]   Shai : 🙂
[09:14]   Venkatesan : gm to sharm and to all
[09:14]   RK : 🙂
[09:14]   Shai : Happy Pongal to all
[09:14]   Chandramouli : Happy Pongal to all 🙂
[09:14]   Venkatesan : Happy Pongal to you and your famly
[09:14]   r m : @RK, SGX was an WNOAIR (whole night open auction inside range) 🙂
[09:15]   Uttam : can expect the same here RM/Shai?
[09:15]   r m : MWPL above 100% in IDBI, BANKINDIA!
[09:15]   r m : guess folks don’t mind paying small penalty there 🙂
[09:16]   Uttam : OH in NF
[09:16]   Sandip : shai screen stuck?
[09:19]   Uttam : & OH broken 😉 also within range so guess indicating small moves
[09:19]   Shai : yes data link has snapped…now fine
[09:22]   Janak : will be nice if bn trend asserts today and moves closer to 15k
[09:30]   Shai : sellers coming into the upmove to 7560
[09:37]   Shai : looks like settlng into a 7525- 7570 range
[09:37]   Shai : BNF 15513- 15666
[09:38]   Shai : open auction IN range
[09:38]   Shai : volumes dipping from the open
[09:38]   RK : All are requested to take a nap and resume by 1.30 🙂
[09:39]   Jitender : or watch inda aus odi
[09:39]   r m : copied OK 🙂
[09:39]   RK : oh we have a match today?
[09:39]   Jitender : yup
[09:43]   Jitender : China at 2961…blw 2925 i think panic will starti
[09:44]   RK : oil on focus today..hanging on the edge of 30
[09:44]   RK : http://www.investing.com/commodities/crude-oil
[09:45]   Uttam : stays below 7530-25 could test YVAL of 7500?
[09:46]   Shai : yes
[09:47]   Shai : greens
[09:47]   Shai : 9.25 seller getting off
[09:47]   RK : as its OAIR the buyers and sellers toady agreed to sell at 7560-70 and buy at 7520-30
[09:47]   Shai : +1
[09:48]   Shai : have to be those Janak and Kris types who can see price and punch 🙂
[09:48]   RK : we should not get carried away today with swift move in these extremes..
[09:48]   Sameer : Should we short at 7560 now?
[09:49]   Shai : both profiles were 3-1-3 yesterday which means extremes should not hold and we should mean revert
[09:50]   Porus : Shai, can you pls remind what 3 and 1 stnd for?
[09:50]   Shai : @Sameer if shorting from the chart, watch the reds to come again before you do
[09:50]   Shai : 3-1-3 is excess at extremes , 3 being the 3rd standard deviation and 1 being 1st or the value area
[09:50]   Porus : ok ty
[09:51]   Sameer : red means…in bottom(DELTA) ?
[09:51]   r m : Whale and calf 🙂 https://files.slack.com/files-pri/T0F2YRXQT-F0JGLC8VD/nifty16janfut__30_min___01_15_2016.jpg
[09:51]   Jitender : ys … n check OF also
[09:52]   RK : Sameer in 5 min and 30 min OF..pls check videos in the you tube site of Vtrender to understand OF better for sclaping
[09:54]   Sandip : you guys have a youtube section alos
[09:54]   Janak : even the 2% up US mkt could not lift the spirits of NF/BNF
[09:54]   RK : https://www.youtube.com/user/Vtrender/videos
[09:55]   RK : Sameer and Sandip check the videos in this link
[09:55]   RK : especially this video https://www.youtube.com/watch?v=O4VIayW_448
[09:55]   Sandeep : dow and dax fut both 100 down now
[09:55]   Sandip : thanks a bunch RK..:)
[09:56]   RK : Welcome
[09:56]   Sameer : Thanks RK
[09:57]   Sandip : rk just one question……this is prolly not there in the videos i guess
[09:57]   Sandip : above the delta bar…there are red and light blue lines (volume) but the colod coding is weird
[09:58]   RK : ok that was added later recently
[09:58]   RK : that’s nothing but volume comparison..
[09:58]   Sandip : with respect to what?
[09:58]   Sandip : ok previous bar i suppose
[09:59]   RK : Blue horizontal line is cumulative vol prev bars
[09:59]   r m : Average volume of previous 5 days till that time
[10:00]   Sandip : ok thx
[10:00]   RK : If you want to sclap then wait for vertical light blue to go close to that, or go beyond that blue horizontal line..and check OF when that happens..if you are getting deep REd vol at top, you can short with some stop above that
[10:00]   RK : its easier said than done 🙂
[10:01]   Shai : oh yes that was added later- it’s a comparative of the volumes coming at the same time of the day – avg of past 5 sessions
[10:01]   Sandip : verry innovative …nice
[10:01]   RK : rather randomly and blindly doing contra trade there, check for some imp ref point if anything is dashing there
[10:02]   Sandip : like market provile values…vwap val vah?
[10:02]   RK : for Eg, if you are getting such spike at VAH or IBH or yday VWAP or PDH and all, your trade has higher chance to win
[10:02]   Shai : intra sellers hlding the edge here
[10:02]   Shai : holding*
[10:02]   RK : exactly Sandip
[10:02]   Janak : vow sellers step in
[10:04]   Sandip : tx guys rm rk and shai
[10:04]   r m : welcome
[10:05]   Kathir : Good Morning and Happy Pongal to all friends 🙂
[10:05]   RK : Hi K்athir Happy pongal 🙂
[10:06]   Kathir : @RK thanks ..we can ask help from RM to solve Jallikattu issue
[10:06]   RK : working from home?
[10:06]   Kathir : yes RK
[10:06]   Kathir : sitting alone
[10:06]   RK : Yeah man..do something for this Jallikattu..people really understand what it is..ban is stupidity!
[10:07]   r m : Hi Kathir, Happy Pongal 🙂
[10:07]   Kathir : very simple dont bother about BAN..
[10:07]   Kathir : Thanks RM
[10:07]   RK : people at southern TN esp in villages are very upset as they made all arrangements after government GO and eager to start again..but court spoiled their sport
[10:07]   Sameer : Celebrate Jallikattu with other name as suggested by Katju over FB :;)
[10:08]   Kathir : RK do you think SC will hang people who plays jallikattu?
[10:08]   Janak : jallikattu is a cruel game isnt it?
[10:08]   Kathir : SC will do nothing
[10:08]   RK : nope Kathir..that should be contempt of court and cannot be done and encouraged
[10:08]   r m : court has no time for millions of pending cases and rampant corruption in judiciary but always willing to ban harmless cultural practices 🙂
[10:08]   Kathir : janak thats how people are being projected..actually it is not
[10:09]   Kathir : @RM first we will BAN SC 🙂
[10:09]   RK : the only organisation which our people believe and respect is courits..so lets atleast not dispute that 🙂
[10:09]   RK : Janak not at all..its not a cruel game
[10:09]   Kathir : ok 🙂
[10:09]   RK : the way those bulls are take care whole year is awesome..
[10:10]   r m : @RK, I don’t think so, those who fight cases in courts know how justice is done, it is only those who have never been to courts think that justice is blind and supreme 😀
[10:10]   Janak : kathir if a bull fights with a man – how is it not cruel when bull is prodded to fight?
[10:13]   Sameer : its time to talk about bears
[10:13]   Sandeep : trap that 52k seller at bottom
[10:13]   Janak : it is bullfighting – no ambiguous meaning
[10:15]   Kathir : sameer lol
[10:15]   Janak : 🙂 sensor-raaj-nihanli intervenes and all jallikattu talk vanished 🙂
[10:16]   RK : Yeah I cant see some msgs 🙂
[10:16]   Janak : anyway RK and friends – very happy pongal
[10:16]   r m : just to clean the thread, you can talk as much about it as you can in random slack :)\
[10:16]   Kathir : jallikattu msg’s baned by Shai here 🙂
[10:16]   Janak : rm is Pehlaj nihlaani of VT 😉
[10:16]   r m : difficult to scroll up and see other msgs re trading 🙂
[10:16]   Sandip : the law is back 🙂
[10:16]   Janak : refined nihlani though ::
[10:17]   r m : lol
[10:23]   Kathir : yest shai mentioned about nf trading between 7459 and 7640 for a week will be good for setlmnt week..
[10:23]   Kathir : 7450
[10:23]   Janak : 7260 is pos target
[10:24]   Janak : so if we end around 7450 today next week – another 200 down
[10:24]   Janak : below 7565 – shai’s pos short was there
[10:25]   Sameer : just 2nd day here….on an avg how many options trades shai shares per day….close to 1 or close to 5 ?
[10:25]   Kathir : janak positonals exited I guess
[10:25]   r m : @Sameer, it is as per market conditions
[10:26]   Vikkas : nthg like that sameer ..we trade what we see everyday ..
[10:26]   Kathir : @sameer depends on the movement volume range etc.. but sure not 5 option trader in a single day 🙂
[10:26]   Sameer : OK….should I wait for Shai call or should I take decision based on comments intrading room and chart seen ?…. I am inexperience trader
[10:27]   RK : Sameer strictly avoid trades based on discussions..
[10:27]   Kathir : if you are new to trading then wait for signals from shai
[10:27]   RK : trade only the blue fonts and that’s from Shai
[10:27]   Kathir : yes RK true..
[10:27]   Jitender : & initially paper trade to b sure
[10:28]   Jitender : Remember …in mkts indiscipline is yr biggest enemy
[10:28]   RK : everyone in this room has different style and different account size so pls dont take those discussions in to your trades
[10:30]   Sameer : Ok thanks RK, Kathir, Jitender….will wait for Shai’s call in “Announcement” section
[10:30]   Janak : and if shai doesnt give calls – saeer u can always shake him up 🙂
[10:30]   Janak : sameer
[10:30]   Sameer : yeh 🙂
[10:30]   Sameer : Shai has been helpful even on twitter
[10:30]   Vikkas : dow futures -145..now what happened there
[10:31]   Kathir : 🙂
[10:31]   r m : @Sameer, follow slack also, alerto signals come there first and then repeated here
[10:31]   Janak : if u are chart-savvy trader – follow green/pink here – easy to trade
[10:31]   RK : Vikkas every mkt listed in globe is going mad now a days..some huge inventory shift taking place in 2016 for sure 🙂
[10:31]   Janak : vikkas – crude gapped down 50 pts
[10:32]   Janak : a dollar down = DJ down
[10:32]   Vikkas : crazy times
[10:33]   Kathir : All friends leaving now for pongal celeb with friends…thanks and bye all 🙂
[10:33]   Vikkas : have fun kathir
[10:33]   Kathir : thanks vikkas
[10:33]   r m : Have a Great time Kathir, send me a pic of your yummy pongal spread 🙂
[10:34]   Kathir : sure thanks RM:)
[10:34]   Uttam : have a super time Kathir 🙂 Enjoy
[10:34]   Kathir : thanks all
[10:37]   r m : M&M downsizes its SUV engine to 1.9 ltrs to comply with above 2 ltrs diesel engine ban by SC!
[10:38]   Shai : Sell NF below 7518 sl of 7540 tgt 7502/ 7482
[10:39]   r m : @Janak, Iran plants to lift exports by 5 lakh barrels per day – guess that is why crude is in a tail spin
[10:39]   Sandip : a lot of NF OI decreased….in a very small range…cant make out whether its short covering or profit booking…lol
[10:39]   Varun : bug still thr @shai
[10:39]   Varun : thnx
[10:40]   Janak : yes rm
[10:41]   Janak : but more than that it is a political move to crush gulf monopoly
[10:41]   Ashish : big buyer
[10:41]   Janak : crude from 110 dollars to 30 dollars in a year!
[10:42]   Janak : disdain for Opec and what not! all prices are decided in a mkt pit
[10:43]   Vikkas : big buyer
[10:43]   Shai : yes some 1 bought at 7505
[10:43]   Vikkas : 123225
[10:43]   RK : Ashish could be that 7600 seller from day before yday 🙂
[10:43]   Uttam : bug buyer
[10:44]   RK : damn these guys pocketing 100 points with 1lac vol
[10:44]   RK : if we break this low then that should be cover order
[10:44]   Uttam : big*
[10:44]   Shai : exit NF intra trade 7512 now
[10:45]   Vikkas : yeah now if this low brks then gone
[10:45]   Hardik : 7510 is also pullback low from yesterday
[10:45]   Shai : he was also there 2 days back before we broke 7482
[10:46]   Shai : yes 12 and 11 also- mon , tues
[10:46]   Janak : ? shai – thats a good call man
[10:47]   Janak : mkt shd fall faster now
[10:47]   Janak : momentum is there
[10:53]   Vikkas : shai can u pls remove the announement tab from the screen 🙂
[10:55]   Vikkas : thanx
[10:56]   Shai : overhead selling is still controlling – this 123225 buyer looks to be a minority
[10:57]   Uttam : but buyers piling up @ lows?
[11:04]   Shai : could be shorts booked
[11:05]   Uttam : okies
[11:08]   Varun : shai is 4 min value area based on vol
[11:08]   Varun : and profile tpo based
[11:08]   Varun : 5min
[11:11]   Shai : both volume based
[11:11]   Varun : 5 min val was at 7515 and tpo ws at 7506
[11:12]   Varun : dval
[11:12]   Varun : at present also 5 min at 7512 and tpo at 7506
[11:15]   Shai : 5 min has a smaller look back period, will move faster
[11:15]   Shai : sell BNF 15545-15540 sl of 15590 tgt 15480/ 15422
[11:29]   Janak : great shai
[11:37]   Janak : operators trading that 100 pts band in bnf taking sls?
[11:44]   Janak : almost kissed the sl 🙂
[11:54]   Shai : exit the BNF trade – 15570 here
[12:00]   Jitender : crude at lows….
[12:05]   Rahul P : whats MO now ?
[12:07]   r m : -68
[12:10]   r m : BNF looking like Newton’s cooling curve 🙂 http://screencast.com/t/j8uFGndW
[12:11]   Sandip : some prfit booking has started
[12:12]   r m : (*** Private to Jitender ) http://screencast.com/t/hHZ67KPEY
[12:13]   r m : (*** Private to Jitender ) http://screencast.com/t/toOb0zMarR7R
[12:14]   Janak : (11:54) Shai :exit the BNF trade – 15570 here
[12:14]   Jitender : tx Rm
[12:15]   Shai : BNF 🙁
[12:15]   Sameer : @Shai…better to not loose money and break discipline
[12:16]   r m : welcome, slack says no to my uploads hence this method 🙂
[12:18]   Viral : shai , do u have a time stop on intra day calls?
[12:20]   Uttam : yep Shai 🙁 BNF was a good call
[12:23]   Janak : shai i added at 588 – ur sl level
[12:23]   Janak : now got the tgts
[12:24]   Uttam : super Janak 🙂
[12:25]   Jitender : Grt Janak…but Shai is responsible for all of us…tats y he is cautious:)
[12:26]   r m : Great Janak!
[12:26]   Janak : yes jitender
[12:27]   Janak : i always risk trade shai’s call – that is evenif he says exit – i dont 🙂
[12:27]   Jitender : 🙂
[12:27]   Janak : a risky way to hedge his trade is to add at sl level
[12:28]   Sandip : is 25 k buyer at BNF considered to be a big buyer?
[12:28]   Sandip : like in NF we call 1 lac buyers as big..
[12:28]   Porus : 25K IN BUYER IS BIG.
[12:29]   Shai : yes
[12:29]   Porus : sorry, caps turned on by magic.
[12:29]   Sandip : hes there in bnf at lows
[12:29]   Shai : True that Jitender
[12:29]   Jitender : +1:
[12:29]   Shai : I was more wilder than Janak pre 2008 , lost my account and came to me senses 🙂
[12:30]   Shai : But not to take away anything from Janak – he is a very good trader
[12:30]   Jitender : absolutely
[12:30]   Shai : now being conservative is better for me- mkt opens everyday – we just have to show up with the account
[12:31]   Jitender : completely agree
[12:31]   Jitender : tides r here everyday…u have to b tere to enjoy…if u r washed away its over
[12:31]   Janak : 🙂
[12:31]   Janak : i have lost my account a zillion to ties shai:-)
[12:32]   Janak : of times
[12:32]   Jitender : u r a astute jeweller janak…m sure u don’t do tat
[12:32]   Janak : all traders pass thru that curve jitender
[12:32]   Janak : mkt is a strict teacher and it exacts high fees
[12:33]   Jitender : yup
[12:33]   Rahul P : welcome to the land of wolves
[12:33]   RK : Sad part of losing money is losing that without learning..
[12:34]   RK : had married to many option trades just on hope and seen money being evoprated..we all had that phase.
[12:34]   Rahul P : Borrowed post –
[12:34]   Rahul P : learnig is by 3 methos
[12:34]   Rahul P : 1) Reading books
[12:34]   Rahul P : 2) From experienced trader, like Shai / RM, etc
[12:34]   Rahul P : 3) Peeing on an electric fence
[12:35]   Janak : that last one sounds excting;
[12:35]   Rahul P : wann try taht ??? buy far away options and hold till expiry…..(just for fun)
[12:36]   Jitender : Janak..don’t do tat after takn via agar…knowning u, u mite try:)
[12:36]   Jitender : viagra
[12:37]   Jitender : just kiddn
[12:56]   Jitender : China 2902 after brkn 2900
[12:57]   Shai : Shanghai is the Greece of 2015 same time last year
[12:58]   Shai : not 1 word on greece these days 🙂
[12:58]   Sameer : But China has huge Dollar reserves
[12:58]   Jitender : yup…but it has brkn lows of last aug fall
[12:58]   Jitender : Sameer china signals slowdown…
[12:58]   Shai : yes this is technical
[12:59]   Sameer : Shai is it time to lighten longterm portfolio like 2006/2008?
[12:59]   Jitender : Sameer sum r shouting 8 yr cycle falls…rest Shai wud b better fr advise
[13:00]   Jitender : n Janak wud tell…brkn of 1892 on S & P..cud lead to 1600+ levels
[13:00]   Jitender : tell better
[13:01]   Jitender : on the contrary we have jaitley, pumping of money by DII, midcapsin bettr position
[13:01]   Jitender : n huge reserves with mutual fund guys
[13:02]   Shai : and the budget run up with rumors flying in
[13:02]   Jitender : + GST rumors
[13:03]   Jitender : Feb. @tjs will make good money with Straddles
[13:05]   Jitender : Shai..tx for Usdinr profile
[13:05]   Ashish : uff internet, aircel as….es
[13:05]   RK : this budget must be super hit one with all our money saved via petrol and diesel resulting in deficit and all..and it would be kind of semi populist budget
[13:05]   Jitender : but rumors r on opp…
[13:06]   Jitender : NSC & PPF rates will b cut by 50bps
[13:06]   RK : I read they are going to increase
[13:06]   Jitender : nope…
[13:06]   r m : decrease
[13:06]   Jitender : its part of bankn reform
[13:06]   RK : ok
[13:07]   Jitender : increase rumor is abt 80cc limit
[13:08]   Jitender : 80c
[13:09]   Porus : Changes in personal taxation rates and exemptions is only tinering. Not much impact on taxes.
[13:09]   Porus : It is the indirect taxes which have the most impact.
[13:10]   Porus : They affect the country structurally.
[13:10]   Jitender : Just imagine if cut in crude wud have been passed…wat wud have happened to fisc & mkt
[13:10]   Hardik : intraday need to neutralize the singles above 7542
[13:11]   r m : personal taxes matter most to chatteratti (so called opinion makers) and paperazzi 🙂
[13:12]   r m : 80CC hike is supposed to boost investments
[13:13]   Porus : Jitender – The appropriation of taxes on the crude oil fall is useful to the nation if that money is used to boost government expenditure and thus create employment etc. Otherwise, just hides the actual deficit.
[13:15]   Porus : RM, These 80 series deductions are now archaic. We are a nation of savers – we’ve learnt over the years and dont need any more sops to remind us to save.
[13:16]   r m : yes, best course is to set slab and let people pay tax, the exemption should be on the taxable income limit not in various sops
[13:16]   r m : in US even students pay tax on their scholarship!
[13:17]   Hardik : @porus – but many people put their savings in bank FDs which are not deductible under 80C
[13:17]   Jitender : @Porus…hmmm
[13:17]   Porus : Hardik, saftey…
[13:17]   Hardik : if the limit is increased then we could atleast see some portion of bannk fds make it into investments
[13:17]   Sandip : wats happening in the market rm?
[13:18]   r m : @Sandip, nothing 🙂
[13:18]   Sandip : is this wat they call a bell profile?
[13:18]   Rahul P : this is the magic of OAIR
[13:18]   Porus : strong res at 7540
[13:18]   r m : that is why RK was offering free pillows to all of us 🙂
[13:18]   Rahul P : 1.30 was his wake up time
[13:19]   r m : yes, let us see if Europe is stirring 🙂
[13:19]   RK : lol
[13:20]   r m : DAX Futures are almost flat when seen agins yestreday’s index closing price
[13:20]   r m : *against
[13:21]   r m : looks like more OA there 🙂
[13:21]   Varun : rm u hve bnf composite from 7th
[13:21]   Varun : ?
[13:21]   Varun : tia
[13:21]   r m : sure
[13:22]   Uttam : v
[13:22]   Uttam : Varun from NF to BNF 😉
[13:23]   RK : we entered into yday excess of BNF..so Varun making new plan 🙂
[13:24]   Varun : 🙂
[13:24]   Varun : wanna see
[13:24]   r m : http://screencast.com/t/O4DJImdE
[13:27]   Sandip : ok i got a BNF pu…
[13:27]   Sandip : put….. saw pfofit booking in play finally
[13:27]   Varun : thanks rm
[13:28]   Varun : :0
[13:28]   Varun : 🙂
[13:28]   r m : welcome 🙂
[13:32]   Sandip : hows europe rm?
[13:32]   Sandeep : flat to +ve
[13:33]   Sandip : thx sandeep
[13:35]   Sandip : short covering as well in nf
[13:40]   Sushovan : Shai action moving toward 7600 again ?
[13:45]   Shai : not yet 7535-40 zone a resi
[13:45]   Uttam : sellers again, if low goes we could have a good fall today Shai?
[13:46]   Jitender : crude at low again…
[13:46]   Jitender : setup fr fryday
[13:46]   Sushovan : oh ok.thanks Shai
[13:47]   Uttam : BNF making a super bell curve today so far
[13:48]   Vikkas : nazar mat lagao uttam 😛
[13:48]   Sandip : 🙂
[13:48]   Shanmugasubramanian : Reliance holding NF fall
[13:49]   Janak : moment of scare and fear finally here
[13:49]   Janak : crude back to below 2050 for the 4th time this week
[13:49]   Uttam : BNF gone…
[13:49]   Janak : and it can create catastrophe across world mkts if goes below 2k now
[13:49]   Uttam : low gone i mean
[13:49]   Janak : careful with all ur long positions guys
[13:50]   Uttam : 26k buyer in bnf @ lows
[13:50]   Uttam : vol spike
[13:54]   Vikkas : BNF st + test
[13:58]   Vikkas : shai buying some 16000ce on BNf makes sense
[14:01]   Shai : not yet- let is cross vwap
[14:01]   Uttam : Shai bnf below 15440 will be a sell if it comes today>
[14:01]   Uttam : ?
[14:01]   RK : Shai will not say yes for buy below IBL Vikkas 🙂
[14:01]   Vikkas : @RK 🙂
[14:03]   Sameer : very tight trading range
[14:05]   Ashish : 18600 greens @ VWAP
[14:06]   Himanshu null : how much is MO now?
[14:07]   Shai : Yes I presumed 16000 ce was a conservative psitional play– let price confirm then
[14:07]   Shai : MO was -68 earlier, doubt whether it has changed much
[14:08]   Porus : Shai, do we have a dbl bttm at 7500?
[14:08]   Shai : (12:07) r m:-68
[14:08]   r m : -83 now 🙂
[14:08]   Vikkas : thanx shai ..will wait for ur confirmation (14:07) Shai :Yes I presumed 16000 ce was a conservative psitional play– let price confirm then
[14:08]   r m : adv/dec are changing fast unlike nifty components
[14:08]   Janak : shai can sell bn for 420-50?
[14:13]   Shai : Janak there is no big edge here, more chances of the profile coming to rest around vwap
[14:14]   Shai : short is still right but go with smaller qty with sl abv vwap +
[14:17]   Jitender : crude 30.02
[14:20]   Janak : ok
[14:21]   Janak : it is a risk trade so 50 pts given
[14:21]   Janak : either way
[14:21]   Janak : because ur first tgt 480 came but second 422 is yet to come 🙂
[14:22]   Janak : and i would like to exploit ur calls fully ;
[14:22]   Vikkas : lol
[14:23]   Janak : right from sl levels to the last tgts
[14:23]   Janak : steal from shai
[14:23]   Janak : i have a teacher in dehradoon
[14:23]   Janak : who teaches me all these ;
[14:26]   Jitender : crude brks 30..congrats Janak
[14:26]   Janak : 475 – i will take that shai
[14:27]   Uttam : BNF breaking below prev low
[14:27]   Janak : 435!
[14:27]   Janak : shai’s call worked
[14:27]   Jitender : 29.88…brk of 7500 shls cum now
[14:28]   Jitender : viola
[14:29]   Porus : 7482
[14:30]   Jitender : Shai..do v hv vol for 7428?
[14:31]   Shai : not yet
[14:31]   Jitender : k..tx
[14:32]   Sandip : rm looks like the lone buyer at 7502 has friends now:)
[14:32]   r m : could be intra shorts booking out also
[14:32]   Sandip : true actually
[14:34]   Shai : 7467 still a supp- let’s see if managed abv 7495 now
[14:36]   Janak : (13:49) Janak :careful with all ur long positions guys
[14:36]   Shai : Good 1 Janak
[14:37]   Janak : shai ur perverted disciple I am – who will take ur calls but will not exit ;
[14:38]   r m : Abhimanyu 🙂
[14:38]   Janak : ha ha
[14:39]   Rahul P : @janak – what was the key to go short ?
[14:39]   Shai : usdinr is the one creating waves67.68
[14:39]   Shai : where is Rajan
[14:39]   Janak : rahul larger trend – month/day/week all are down – and weekly trend A L W A Y S asserts in last 3 hours of friday
[14:40]   r m : MO at -93
[14:40]   Janak : if u remember that – u will easily get 100 pts in BNF and 20-30 in NF on friday afternoon
[14:40]   Janak : cakewalk
[14:40]   Shai : NF in a high risk short for 7431 sl of 7495
[14:41]   Shai : BNF gone
[14:41]   Jitender : shai..if short from vWap…nf
[14:41]   Uttam : did looks like BNF will go 🙂
[14:41]   Jitender : shld hold or exit here
[14:41]   r m : declining volume still not touched 90% https://in.finance.yahoo.com/advances
[14:42]   Shai : its’ below vwap bands Jitender – vol not quite there but may go down 30 more
[14:42]   Jitender : k..tx
[14:42]   Shai : BNF dow for 15170
[14:43]   RK : Shai lets do low risk below 7430 🙂
[14:43]   Varun : selling below vwap bands
[14:43]   Varun : interesting
[14:43]   Varun : 1000 % emotinal
[14:44]   Varun : price moving below vwap bands is rarest or rare
[14:44]   Shai : yes can snap back
[14:44]   Vikkas : can tthis be the final nail in the bulls head
[14:44]   Uttam : this could be the flush out that was needed before change in trend may be
[14:45]   Rahul P : varun, u suggeting the 45degree line ?
[14:45]   Jitender : bands cn also expand…
[14:45]   Janak : or the bear mkt has just begun Uttam
[14:47]   Sandip : ppl in BNF got hammered heavily oversold…..
[14:47]   Janak : shai ur positional tgt 320 in bnf came and how!
[14:48]   Janak : (09:08) Janak :bn will do 320 befoer eod?
[14:48]   Shai : cut shorts
[14:48]   Sandip : n1 janak 🙂
[14:48]   Shai : snap back is coming
[14:51]   Uttam : Shai although it is one time period early, will this be considered as spike?
[14:51]   Shai : yes
[14:51]   Shai : it’s a spike
[14:52]   Rahul P : shai, whts the key for the snap back ?
[14:52]   Sandip : hmmm..shai snap back on such days till where usually?….the place where the fall began or till vwap?
[14:52]   Rahul P : I mean what is suggesitng a snap back from here ?
[14:52]   Uttam : funnily it will be a p type profile which means short covering 😉
[14:53]   Uttam : although here the pole of p is forming after the base of p
[14:53]   r m : MO -99 😀
[14:53]   Sandip : screen gone or just me?
[14:53]   Rahul P : 14:52 Rahul P: I mean what is suggesitng a snap back from here ?
[14:54]   Jitender : gne
[14:55]   Shai : till 7495/ 7517 only
[14:55]   Sandip : rahul i suppose the fact that we are oversold + big green delta bars at the low+ the fact that major profit booking happened …but short covering didnt!!
[14:55]   Sameer : snapback…intraday ?
[14:55]   Rahul P : shai, plz answer later….
[14:55]   Shai : yes intra only
[14:56]   Janak : shai one more spike down 160 is there in bnf?
[14:56]   Porus : bnf oes not have many buyers at bottom.
[14:57]   Shai : yes bNF is weaker can close 160
[14:58]   Uttam : NF has not yet entered day before’s singles
[14:59]   Shai : going down again
[14:59]   Sandip : utttam singles means rejection areas?
[15:00]   Jitender : interestn to c if 7428 brks…
[15:01]   Uttam : we had a small buying tail on day before’s profile which I guess will be broken anytime now
[15:01]   Uttam : 7442-7428
[15:01]   Vikkas : whats mo
[15:01]   Janak : thnx shai – got out at 190
[15:01]   Uttam : super Janak 🙂
[15:01]   Janak : i think this can even break 15k
[15:01]   Janak : panic-basket selling
[15:02]   Vikkas : final capitulation
[15:02]   r m : Declining volumes crossed 90%
[15:02]   Jitender : margin calls also…
[15:02]   Sandip : lol janak is that 6870 wala short covering guy in bnf at 190 🙂
[15:03]   Janak : out of that 6840 belongs to shai 🙂
[15:03]   Janak : 160 is here shai!
[15:03]   Janak : fie on me – why booked early
[15:04]   Janak : (14:40) Shai :NF in a high risk short for 7431 sl of 7495
[15:04]   Sandeep : this is not stopping
[15:04]   Jitender : part bookin here…rest carryn fr monday
[15:05]   Janak : jitender careful not to do that
[15:05]   Janak : because although trend may remain down – but they will spike up the mkt on Monday to take out weak shorts
[15:05]   Jitender : tx janak…but inspired by u:-)
[15:05]   Janak : i m not carrying anything
[15:05]   Jitender : will gv china a chance fr monday
[15:06]   Sandip : janak how many lots u trade in bnf?
[15:06]   Vikkas : too much of kujli to buy NF here 🙁
[15:06]   Vikkas : we have NFP data as well ..if come bad crude will get hammered more from here
[15:06]   Varun : 724000 spike
[15:06]   Varun : when did we see this last
[15:06]   Janak : Sandip – kyun garib logo ka mazaak uda rahe ho bhai? 🙂
[15:06]   Jitender : 2ndly there was no real effort by dii today like last 2 days
[15:06]   Janak : i am a ghass-phus trader
[15:07]   r m : bear eating grass?? have you turned bull here? 😀
[15:07]   Sandip : i actually thot that 6 k buyer at 190 was u
[15:07]   Sandip : anyways nice trades janak 🙂
[15:08]   Sameer : anybody for snapback here
[15:08]   Vikkas : mo @ -99
[15:08]   Sameer : as low of 7426 repsected
[15:08]   Vikkas : copied from slack
[15:08]   Sandip : i have a few calls options…but will wait till monday to remove them
[15:08]   Uttam : 724000? where is this Varun?
[15:09]   Vikkas : volume pane ..dark blue line
[15:09]   Vikkas : extreme right see the figure
[15:09]   Vikkas : 5 mins chart
[15:09]   Uttam : oh yes ok
[15:09]   Sameer : should i close my long
[15:09]   Sameer : options ?
[15:09]   Uttam : 724836
[15:09]   Rahul P : what is that number ??
[15:09]   Rahul P : whats it suggesitng ?
[15:10]   Vikkas : varun save my ass :p come to rescue and explain 😛
[15:10]   Janak : rm lol
[15:11]   Sameer : Wah…Essel world ka maza aa gaya
[15:11]   Vikkas : MO -102
[15:12]   Vikkas : thinking of getting into some calls
[15:12]   Vikkas : shai help ?
[15:12]   Sandip : rm is there more panik at 3:10 Pm because peoples leveraged positions need to be closed or its just the spike creating panic?
[15:12]   r m : Surya devta uttarayan ho gaye to Nifty dakshin mein kyon? 🙂
[15:12]   r m : yes Vikkas, good idea
[15:12]   Vikkas : thanx rm
[15:12]   Varun : nothing jsut noticed
[15:12]   Varun : big spike
[15:13]   r m : i have always observed at least 50 point rise from close when declining volumes go above 90% or vice versa, worth taking risk
[15:13]   Varun : t+ ?
[15:13]   Vikkas : ok getting into 7500ce then
[15:13]   Varun : rm ?
[15:13]   r m : next day
[15:13]   Varun : cool thanks
[15:13]   r m : monday in this case
[15:13]   Varun : 90 declining and mo at 100
[15:13]   Varun : is like receipe for something big @shai
[15:13]   Varun : + flushout
[15:14]   Varun : + spike
[15:14]   Shai : 7600 ce is buy at 40 for those trading MO – sl of 18.5 tgt of 72/ 94 . High risk and speculative only
[15:14]   Jitender : Vikkas tere willb premium erosion ovr weekend plus if vix cools
[15:15]   Porus : Shai, did u see the HDFC TA report?
[15:15]   Sameer : implied volatities should double till Feb end(Budget)
[15:15]   Shai : if 7400 cracks forget the L of longs also 🙂
[15:16]   r m : I guess market intermediaries get too short on or too long on inventory when declining voumes go beyond 10/90 limits
[15:16]   Shai : Yess I did Porus Thanks
[15:16]   Sandeep : lollll
[15:16]   Jitender : lol
[15:16]   Sameer : @shai why is not 7260 support ?
[15:16]   Uttam : We are not that far away from 7400 Shai 🙁
[15:16]   Uttam : we could in fact gap down below it on Monday 😉
[15:17]   Shai : longer twerm charts it is 7400 spot for bearish momentum to spiral
[15:17]   Shai : refer yearly hypos posted Jan3
[15:17]   Uttam : okies let’s see how next week play out
[15:17]   Varun : testing major supports after 500+ point fall
[15:17]   Varun : wold be tought to start a new bear phase after 500 points
[15:18]   Varun : some respite rquired ? shai
[15:18]   Jitender : Shai..nw 15800 major resis in bnf
[15:18]   Shai : 7600 ce is an MO trade- there are enuff greens here to suggest a pullback on Mon
[15:18]   Sameer : @shai beyond technicals…Dont u think we will have MODI budget rally ?
[15:18]   Vikkas : i dont think this range is going to brk soo easily .. 7430 – 7620
[15:18]   Vikkas : +1 shai
[15:19]   Vikkas : thinking of getting into 7500ce instaed of 7600ce
[15:19]   Jitender : Sameer after Jan expiry…mayb
[15:19]   Sandip : @sameer @rm @shai when is the budget?
[15:19]   RK : lowest weekly close after 2014
[15:19]   Sandip : session?
[15:19]   Vikkas : 29th feb
[15:19]   Sameer : @Jitender …if it starts from Jan…I will put my 2 month salary in OTM options … seriously
[15:19]   Sameer : from Jan End*** correction
[15:19]   Sandip : okies thx vikas
[15:20]   Shai : 7490/ 95 res n Mon
[15:20]   Jitender : pls don’t Sameer..either ways
[15:20]   r m : After 3:30 Rajan will sit with bundle of greenbacks 🙂
[15:20]   Jitender : risk mgmt is v v v imp
[15:21]   Porus : Shai, will 67.82 come today n inr?
[15:22]   Shai : 67.81 already
[15:22]   Janak : any announcements today rm?
[15:22]   Porus : is this spot?
[15:22]   Shai : F
[15:23]   r m : MO -103
[15:23]   Vikkas : got into 7500ce @ 75
[15:23]   Vikkas : lets see hota hai kya
[15:24]   Uttam : 7490-95 is also the start of the singles today
[15:25]   r m : @Jitender, +1
[15:25]   Jitender : thank u sir…
[15:27]   Jitender : Vikkas..one thing also in yr favor..S&P usually does revrse of wat it does in morn
[15:28]   Vikkas : 🙂
[15:28]   Vikkas : thanx jitender
[15:28]   Janak : if 7260 has to come – it can come on monday also if US decides to have a black friday today?
[15:28]   Janak : all it will take a 100 pts gap down and then follow up
[15:28]   RK : spike rules Monday
[15:29]   Misaal : it can, it has positioned itself to do so.
[15:30]   Sandip : what is this purple t at the end???
[15:30]   Misaal : but days or moments like these where rest of the world indexes are also on the kneel in terms of price support, somehow the world manages to come together
[15:30]   Shai : Yup can
[15:30]   Jitender : bye all
[15:30]   Misaal : might get some suprise from govts around the world.
[15:30]   Shai : Bye all
[15:30]   Misaal : bye
[15:30]   Sandip : something new?
[15:30]   Shai : Have a nice weekend
[15:30]   r m : Thanks and bye folks, have a great weekend 🙂
[15:30]   Sandip : bye
[15:30]   Arvind : bye folks
[15:30]   Porus : bye all
[15:30]   Uttam : see you all 🙂 have a nice weekend & thanks
[15:30]   Shanmugasubramanian : bye all
[15:30]   Hari : Bye Everyone
[15:30]   Vikkas : bye all..happy weekend
[15:30]   Ashish : Thanks and bye all
[15:31]   Tejpreet : bye all
[15:56]   Jitender : Shai…pls give the weekly review for Usdinr also:-)
[15:56]   Jitender : tx