General Chat Transcript
Date and Time: May 18, 2015 09:24:50
[08:55] r m : Good Morning folks!
[08:55] Keshav : gm all
[08:55] r m : http://vtrender.com/levels-and-plan-for-18th-may/
[08:56] r m : http://vtrender.com/weekly-profiles-may-f-for-we-15th-may/
[08:56] r m : http://vtrender.com/premium/orderflow-charts-and-notes-150515/
[08:56] r m : http://vtrender.com/nifty-weekly-view-spot-prices/
[08:56] Ashish : GM all
[08:57] r m : Nifty MAY Future levels| Key Reference Area 8286| Hypo1 above 8286➜8314➜8351 SL 8251| Hypo2 below 8230➜8203➜8159 SL 8287
[08:57] r m : Banknifty MAY Future levels| KRA 18225| Hypo1 above 18301➜18393➜18447 SL 18225| Hypo2 below 18220➜18093 SL 18296
[08:58] r m : Nifty Spot Weekly Levels| Support – 8170/8090| Resistance 8335/8420
[08:58] r m : Banknifty Spot Weekly Levels| Support – 17950/17720/17432| Resistance – Resistance 18390/18550
[08:58] Porus : GM RM and all
[08:58] r m : Hi Porus
[08:59] Rajat : gm all
[08:59] Hemant : GM folks
[09:00] Soumya : Good Morning All
[09:01] Venkatesan : GM shai, rm and friends
[09:02] r m : Hi Venkatesan
[09:04] Sharad : GM all
[09:04] Sudhakar : gm all
[09:04] Pawandeep : Good Morning All
[09:04] Shai : GM all
[09:07] r m : Results today – Asian Paints
[09:08] r m : Results tomorrow – Tata Power, Colgate
[09:08] r m : Result this week – Tata Steel, Bajaj Auto, Voltas, SBI, ITC
[09:13] Sumit : GM everyone
[09:18] Sharad : chart not updating
[09:26] Shai : test
[09:26] Shai : not updating?
[09:26] Ashish : updating
[09:26] Sharad : fine now
[09:28] Shai : BNF not part of the move yet
[09:28] Shai : 18301 is the ref number for upside break
[09:29] Shai : NF 8314 supp tgt can be 8351 from here
[09:31] Tejpreet : Gm all.
[09:36] Tejpreet : Shai your views on vix lvls …has it given a breakout abouve 19.5 or it goes back to 15 odd lvls
[09:36] Vivek K : shai sir, view on zee pls, positional. some big blocks have happened
[09:38] Shai : Vix supp at 18.21 actually – below 18.2 trend reverts to 14.5
[09:38] Shai : But is weaker below 19.5 for this week at least
[09:38] Tejpreet : Thanks better to sell option now rather than buying.
[09:39] Shai : yes
[09:39] Shai : want to see NF sustaining abv 8315
[09:39] Shai : vwap now supp for the morning buyers
[09:40] Shai : if broken short below 8285 for 8232 sl 8303
[09:40] Shai : anotther worry for the bull is BNF
[09:42] Hemant : Shai, what option is best to short for the week?
[09:42] Hemant : Some puts?
[09:42] Shai : Vivel I’ll like to see Zee trade abv 308.6 all thus week cash
[09:42] Shai : then 332 possible
[09:43] Shai : Yes 8100 puts – short if we cross 8314F
[09:43] Kathir : GM Shai RM and all friends
[09:43] r m : Hi Kathir 🙂
[09:44] Hemant : 🙂
[09:44] Shai : BNF weaker below 18220
[09:44] Shai : watch 18220- 18300
[09:44] Shai : Not a convincing zone of 8 points here btw those 2
[09:44] Shai : 80*
[09:45] Shai : NF don’t see weakness today till 8285 is broken
[09:45] Shai : momentum now abv 8315 for 8355
[09:47] Tejpreet : Shai NF premium is the lowest in past few months it has been average 40 points …any specific reson for such low premium ….does it imply weakness ahead.
[09:48] Shai : NO generally it would mean that shorts cover on lower premia- so net positive
[09:48] Shai : but not from intra day perspective- have to be viewed over a few sessions
[09:49] Shai : BUy NF 8316 sl of 8284 tgt 8351/ 8367
[09:49] Tejpreet : ok..thanks.
[09:54] Vivek K : shai sir,chart updation is very slow even chat messages. am i the only one having this problem?
[09:55] r m : @Vivek, last whole week I had this problem, luckily ok so far today
[09:57] Shai : Vivel move to another browser
[09:57] Shai : or google adobe flash and update
[09:58] Shai : for flash : https://get.adobe.com/flashplayer/
[09:59] Shai : We will Buy BNF abv 18300 after IB is done tgt will be 18393/ 18456 intra
[10:06] r m : @Shai, for stocks levels HVNs how much data you load? I mean last one year or less?
[10:07] r m : and is it tick data or one minute?
[10:08] Shai : HVN is on 1 min data only
[10:08] r m : ok
[10:08] Shai : for short term I load 120 days
[10:08] r m : Thanks
[10:08] Shai : what has to happen in a stock has to happen over a quarter + month more for safety
[10:09] r m : ok
[10:09] Shai : be back in 15 mins
[10:23] Kathir : @sharad here?
[10:25] Sharad : Yes kathir…after long time
[10:25] Kathir : yeah 🙂 . sharad views on usd/inr longs
[10:26] Sharad : long from yesterday @ 63.68… for 64.90
[10:26] r m : @Sharad, first
[10:26] Kathir : this week?
[10:26] Sharad : expiry
[10:27] Kathir : ok thanks sharad
[10:27] Kathir : SL for this view
[10:27] Sharad : expiry 27th
[10:27] Sharad : 63.50
[10:27] r m : @Sharad, first balanced profile in USDINR pulled Kathir to the room 🙂
[10:27] Sharad : yes that is why i bot RM
[10:27] Kathir : 🙂
[10:32] Kathir : @SHARAD bought 64 ce
[10:32] Kathir : will exit if goes below 63.40
[10:32] Sharad : good…. i have bot futures and 63.50 Call @ 0.33
[10:33] Kathir : oh ok
[10:33] Sharad : Yes Kathir good SL
[10:33] Shai : Profile taking shape of a P
[10:33] Sharad : Shai View on USDINR … already bot
[10:34] Sharad : bot @ 63.68
[10:44] Shai : USDINT Open test drive
[10:45] Shai : takes out 63.72 now will do 63.97
[10:45] Shai : close abv 63.97 will give 64.28 and 65
[10:45] Sharad : wow that is the first target 63.97 … good one Thanks Shai
[10:45] Kathir : @shai your SL for this
[10:46] Shai : shudl get momentum abv 63.72
[10:46] Shai : best sl for open test drive is day low Kathir
[10:46] Shai : just stay in the play
[10:48] Kathir : ok thanks
[10:54] Shai : Sell NF 18210- 18220 sl of 18265 tgt 18093
[10:54] Shai : BNF*
[11:11] Tejpreet : NF breaks 8285 …safe lvl to buy puts.
[11:16] Shai : Buy on break below
[11:16] Shai : so far seeg buying attempts at lows
[11:17] Tejpreet : Ok …shall wait for break on 5 minute candle.
[11:18] Shai : BNF also green cndles at vah
[11:19] Shai : was a good short on 80% trade below vah but no big selling seen
[11:20] Shai : Exit the BNF short trade at cmp
[11:20] Soumya : @shai Nifty futures nearly no premium – what does that imply
[11:22] Shai : can’t say with 100% certainty as that prem is due to n factors
[11:22] Shai : But shorts would cover when prem erodes
[11:25] Soumya : Thank you
[11:33] Shai : welcome 🙂
[11:51] Pawandeep : @ shai can we sold nifty @8300 sl day high @8328 tgt day low
[11:52] Pawandeep : or wait to breke 8285
[11:57] Kathir : 11:16 Shai : Buy on break below
[11:57] Kathir : @pawan this was told when asked to buy pts
[11:57] Kathir : put
[11:58] Pawandeep : thanks @ kathir 🙂
[12:00] Kathir : welcome
[12:11] Shai : the last 15 mins was 1.2L vol
[12:11] Shai : almost dead
[12:13] Tejpreet : Even Friday volume were pretty low.
[12:15] Shai : yes
[12:16] Tejpreet : Does this imply that a big move is round the corner.
[12:17] Shai : Not necessarily – could also mean a flat market ahead
[12:17] Tejpreet : post confirm breakout or breakdown as per weekly lvls
[12:18] Shai : watch LVN 0 to LVN-0 for breakouts
[12:18] Shai : till then Option writers rule
[12:19] Tejpreet : True even the Vix is supporting the writers.
[12:27] Hemant : The market seems to be waiting for some news
[12:28] r m : it is waiting for either buyer or seller 🙂
[12:28] r m : all on leave!
[12:28] Hemant : They’ll again, respond to some news
[12:28] r m : yep
[12:29] Kathir : usd/inr breaking days high
[12:31] Sharad : 63.72 Shai level watch
[12:31] Kathir : yeah will be better if it closes above 63.72 today
[12:52] Sharad : resisted at 63.72… so now looks today alos bell curve in profile
[12:52] Sharad : i mean possible.. lets see
[12:53] Kathir : now high is 63.7250 🙂
[12:54] Hemant : Shai, whats the target for 8100PE?
[12:55] Shai : 8100 pe tgt 30/ 33 and then 17
[12:55] Hemant : 🙂
[12:55] Shai : sl 66 all week
[12:56] Shai : don’t be short abv 66
[12:56] Shai : 69 actually
[12:57] Hemant : Went short when it was 52
[13:01] Shai : cool
[13:01] Shai : this week is about option trades
[13:01] Shai : short option math to be correct
[13:01] Tejpreet : Shai any views on Biocon .
[13:01] Shai : Vix is given a great advantage to write here
[13:01] Hemant : Just about any option can be shorted ?
[13:02] Hemant : OTM ones*
[13:02] Shai : No Puts safer today
[13:04] Shai : Biocn good pick Tejpreet
[13:04] Shai : Plotting a breakout today
[13:04] Soumya : Do we share charts other than nifty and banknifty on mail or anywhere?
[13:04] Shai : 460/ 468 imm tgts
[13:05] Shai : add abv 451
[13:05] Tejpreet : ok got in at 448 futures…thanks.
[13:05] Shai : levels abv are cash
[13:05] Shai : Soumya yes can share MP charts at clse
[13:06] Shai : all index charts are uploaded on prem section
[13:06] Soumya : Ok
[13:06] Tejpreet : Yes cash your lvls are cash.
[13:10] Ashish : Shai, veiws on Ultratech cement?
[13:22] Kathir : @sharad 🙂
[13:23] Sharad : yes
[13:24] Kathir : @sharad i exited 64 ce at cost and enterred 63.5 @ 0.3275
[13:26] Sharad : wow good decision
[13:27] Kathir : thanks
[13:28] Kathir : @shard do you feel bnf will go down?
[13:28] Sharad : ask Shai for that Kathir 🙂
[13:29] Kathir : 🙂 ok i got the answer from RM
[13:29] Kathir : 13:28 r m: not necessary, generally when USDINR goes up, it is accompanied by CNXIT, to manage index, BNF is brought down on such occassions
[13:30] Sharad : Yes good answer by RM …
[13:40] Kathir : @RM what SL for bnf long above 18300
[13:41] Pawandeep : SL 18225
[13:42] Kathir : ok thanks
[13:44] Shai : ultracem co again a very good pick
[13:45] Shai : breaking out here tgt 3010
[13:45] Ashish : Thanks Shai..
[13:45] Shai : Buy all dips to 2847 sl 2810 swing
[13:45] Ashish : ok..
[13:47] Tejpreet : Shai as per weekly lvls are we on target for nifty spot 8335 and then 8380
[13:48] Shai : yes
[13:51] Kathir : @SHAI sellers in bnf ? 18320-30
[13:53] Shai : searching for more buyers actually
[13:53] Kathir : ok
[13:58] Shai : BNf longs keep order to book 50% at 18345 and trail sl to 18270
[14:08] Pawandeep : @ shai seller on nifty @ 8335
[14:10] Sharad : Nifty all last 5-6 delta red
[14:12] Shai : 8330 is the seeller
[14:13] Shai : This is a review zone for the auction on the weekly TF
[14:13] Ashish : Shai, current 15 mon. volumes are not supporting the upmove.
[14:13] Pawandeep : how effective he is
[14:13] Shai : My bias here is wait n watch without committing aggressively to any 1 side
[14:14] Shai : reduce positional long bias or start a hedge till the zone clears
[14:14] Shai : 8347 / 18387 F imp to be taken out tom open
[14:15] Shai : for continuation of longs
[14:16] Shai : spot at 8333
[14:16] Varun : @shai chances of repairing poor high at 8355 ,excess and low break of 8000 ?
[14:18] Shai : Still an Up bias Varun- aucton shifts to volumes at open tom for next stage
[14:19] Vivek K : zee is moving
[14:19] r m : yep
[14:19] Shai : weakness intra ay on price is below dvah ay 18280/ 8320
[14:20] Tejpreet : Does that imply that fresh longs can be taken above 8347 in an aggressive manner.
[14:20] Varun : thanks
[14:20] Shai : Only if we are abv at tom open
[14:20] Tejpreet : Yes tommorow on 5 min candle close above 8347 ..right.
[14:21] Shai : right – could give about a 100 more points if we do that
[14:21] Tejpreet : wow …that should be nice aggressive trade.
[14:21] Shai : BNF part book trigger is here
[14:31] Tejpreet : NF above LVN +0
[14:35] Rahul N : @shai whats your view on bank of baroda and union bank future?
[14:35] Hemant : Seller on NF? 8348?
[14:37] Varun : shai@how many marks on ten for volumes today?
[14:38] Varun : And fr thai upmove from 8100 ?
[14:38] Vishnu : 74L today. his norm is 120L?
[14:39] Kathir : @sharad close above 63.72 under threat now?
[14:39] Kathir : it went up to 63.81
[14:40] Shai : BankBaroda May F locked in last week range
[14:40] Shai : see a break abv 167 only
[14:40] Rahul N : and downside?
[14:40] Shai : at 161 current price there is no bias for a new trdae
[14:40] Rahul N : i have sold @166
[14:41] Shai : break of 158 can bring 154/ 151 during this week
[14:41] Rahul N : ok
[14:42] Shai : too centered here- can consider taking some risk off the table at 161
[14:42] Rahul N : book half the quantity?
[14:43] Shai : yes
[14:43] Shai : Union bank running into may 14 buyers
[14:44] Shai : a close below 159 would mean that today’s sellers emerge stronger and it can go test that buyer of 14 May at 150
[14:45] Shai : good volume at 153.6 so that is the place to book than 150
[14:45] Sharad : @Kathir… looks 63.72 close above is not possible as NF is going higher high… can close above 63.65 yesterday POC mostly
[14:46] Kathir : ok
[14:47] Sharad : today is a buying day in USDINR after yesterday bell shaped profile
[14:49] Kathir : ok
[14:49] Tejpreet : Asian paints falling after results.
[14:52] Vivek K : shai sir, i am getting updation delayed by 5 mins even after updating flash. other browsers too
[14:55] Soumya : I think maybe internet speed issue
[14:58] Ashish : Shai, around 8354 level in nifty spot is a seller zone from 5th May?
[15:04] Ashish : Gone
[15:05] r m : 18393 done
[15:05] Ashish : towards 18530 now:)
[15:06] r m : 🙂
[15:06] Shai : Vivel test speed : http://speedof.me/
[15:07] Venkatesan : shai nf buy?
[15:07] Shai : No
[15:07] Venkatesan : ok
[15:08] Tejpreet : As per data on heckyl last 45 minutes is long build up rather than short covering .
[15:08] Tejpreet : on nifty.
[15:08] Shai : ok
[15:09] Shai : abv the vwap bands to initiate a new intra play here
[15:09] Hemant : Shai, chances of BNF crossing over 18600 are good tomorrow?
[15:09] Soumya : Lot of shorts at higher level – From 3 to 3.10 lot of reds
[15:10] Soumya : What say shai?
[15:11] Shai : NF wanting to probe higher now
[15:13] Shai : NF aggressive ong for 8410 sl of 8355
[15:13] Shai : long*
[15:13] Vivek K : anomaly at 8326
[15:13] Shai : yes
[15:13] Tejpreet : N spot does 8380 above 8335 as per weekly lvls.
[15:14] r m : 8420 is next (always 420) 🙂
[15:14] Shai : N spot can do 8420
[15:14] Tejpreet : 🙂
[15:15] Hemant : Most likely tomorrow Shai?
[15:15] Hemant : When is the best time to get into puts?
[15:15] Shai : Exit the intra longs- No safe
[15:15] Kathir : @TEJ YOUR PUT @ 27 🙂
[15:16] Shai : Hemant tom Morning
[15:16] Hemant : 🙂 Got it
[15:16] Shai : But bears have to break down 8325 Now
[15:16] Tejpreet : @ Kathir booked out early but holding 8100 call at 240.
[15:16] Hemant : Dang
[15:17] Kathir : Tej ok
[15:18] Tejpreet : Exited all longs now
[15:18] Tejpreet : tempted to carry 8300 put now at 70.
[15:19] Kathir : ok Tej even it is tempting me 🙂
[15:19] Sharad : Kathir even i wanted to buy but will buy 8300 put tomorrow
[15:19] Tejpreet : But Shai does not agree so it is a no.
[15:20] Tejpreet : puts only below 8325.
[15:20] Hemant : Shai, holding 18400 CE, whats the target?
[15:21] Kathir : @sharad ok but if gap down we wll miss this price
[15:21] Hemant : & 18500CE too.
[15:22] Vishnu : Shai, pl check siemens?
[15:22] Vishnu : looks a good btst even
[15:22] Tejpreet : @ kathir global cues are stable plus no imp data from us tonight ….chances of gap down less.
[15:23] Kathir : ok Tej
[15:23] Shai : Look at 18520 F as tgt in BNF carry
[15:23] Hemant : Ty
[15:23] r m : MO at +48
[15:24] Shai : Siemens 1405 positional res
[15:25] Shai : is seeing a little bit of profit booking
[15:25] Ashish : Shai, cann we see nifty touch today’s vwap area in next 2 days?
[15:26] Shai : Ashish at this moment 8326/ 8345 cerain tom if we do not cross this high at open
[15:26] Shai : 8385 F
[15:26] Shai : But positional short does not trigger till 8325F breaks for good now
[15:27] Shai : staying abv 8325F the mkt can force shorts to cover
[15:27] Ashish : Got is shai, thanks 🙂
[15:28] Venkatesan : vol 13% higher than sterday
[15:28] Shai : About 25000 new long contracts per Heckyl data
[15:28] Shai : Can’t trust it till we see bhavcopy
[15:28] Venkatesan : yes
[15:29] Tejpreet : Too tempting picked up small qua
[15:29] Tejpreet : antity 8300 put.
[15:29] r m : 🙂
[15:30] Hemant : Brilliant stuff Shai sir 🙂
[15:30] Ashish : 8300 puts added, too tempting to ignore
[15:30] Dharamveer : what are the values at 8374 in NF
[15:30] Hemant : See you all tomorrow folks!
[15:30] Ashish : nice session…thanks guys and enjoy the evening..
[15:30] r m : Bye folks, Have a great evening 🙂
[15:30] Kathir : Thanks and bye all
[15:30] Venkatesan : thank u shai rm n friends
[15:30] Sharad : Shai can you put USDINR footprinf for some time
[15:30] Shai : Short contracts or profit booking Dharamveer
[15:30] Tejpreet : By All.
[15:31] Shai : Bye all
[15:31] Dharamveer : thanks shai
[15:31] Shai : Have a nice evening
[15:31] Sudhakar : bye all
[15:31] Sharad : (15:30) Sharad :Shai can you put USDINR footprinf for some time
[15:32] Shai : I don’t have it configured forUSDINR now, but will do it for tom onwards
[15:32] Shai : can put up profile chart though
[15:32] Soumya : Had a great first day. Thank you friends
[15:32] Sharad : ok No problem… want to have idea about it
[15:32] Shai : ok will have t up tom
[15:32] Sharad : but prepare for tomorrow Please..
[15:33] Sharad : Ok Thanks… Bye…
[15:34] Porus : bye all