OrderFlow charts and Notes 20/10

[08:54]   r m : Good Morning folks!
[08:54]   r m : http://vtrender.com/levels-and-plan-for-20th-oct/
[08:54]   Porus : GM
[08:54]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-17th-oct/
[08:54]   r m : Hi Porus
[08:55]   Sharad : GM all
[08:55]   r m : NFHypo1 Open above 7804➜7824➜7857 (stop below 7791)above 7873➜7930Hypo2 Open below 7804➜7790➜7752➜7705
[08:55]   r m : BNFHypo1 Open above 16032➜16158Hypo2 Below 16030➜15900-15870➜15775
[08:56]   r m : Guess both futures will open beyond hypos today 🙂
[08:57]   r m : Results today – Exide Ind, Idea Cellular, Jindal Saw, Hindustan Zinc
[08:57]   r m : Results tomorrow – Biocon, HDFC Bank, Cairn, JSW Steel, PNB, SKF
[09:00]   Sumit : gm everyone
[09:02]   Amit J : Gm
[09:02]   Amit J : looks like open drive in rupee
[09:03]   Sharad : Shai ?
[09:03]   Narendra : gm all
[09:04]   Shai : GM all
[09:04]   r m : @Shai, BNF could target 16405-16450 above 16158?
[09:04]   r m : http://screencast.com/t/1piRVeqfjb
[09:07]   Sharad : INR support/Res ?
[09:11]   Manik : gm all
[09:14]   Amit J : Shai can we have sept montly VAH, VAL and POC and oct developing data
[09:15]   Amit J : just to see 80%
[09:17]   Shai : Sure Amit will put up
[09:18]   Shai : NF aucton ref at 7948 and 7883
[09:18]   Shai : levels are the same even though NF is way above
[09:24]   Shai : Big OAOR
[09:24]   Shai : (09:04) r m:http://screencast.com/t/1piRVeqfjb
[09:25]   Shai : BNF 16158 supp now can extend upto 16456
[09:25]   r m : could go to gap fill below day’s low – delta not being positive?
[09:26]   Shai : possible
[09:26]   r m : Thanks
[09:27]   Amit J : 7900 running for unwinding. in 10 Mins 4L shares
[09:29]   Sharad : Shai INR support/Res Please
[09:30]   Shai : USDINR supp at 61.12 and 61.00
[09:30]   Shai : res now 61.51
[09:30]   Sharad : Good wanted to sell
[09:30]   Sharad : Thanks
[09:41]   Manik : @ shai reliance intraday levels please
[09:42]   Shai : RIL 914 is a good supp
[09:42]   Shai : 942 will resist
[09:43]   Shai : can do 966 if 942 crssed
[09:43]   Sumit : are these 7923 and 7910 Shai rekha??
[09:43]   Manik : tthanks shai
[09:46]   r m : @Shai, please adjust bnf chart to show pink-green
[09:46]   Narendra : also in nifty
[09:46]   Sumit : can we sell below 7910?
[09:51]   Shai : yes sl of 7925 tgt 7883
[09:51]   Shai : aggressive trade so restrict qty size
[09:52]   Narendra : @shai, please adjust nifty chart to show pink-green
[09:53]   Sumit : thanks Shai
[09:54]   Narendra : thanks shai
[09:54]   Shai : wc 🙂
[09:58]   Manik : @ shai pls throw some light on friday huge negative delta in NF
[10:00]   Sumit : damn this vwap band
[10:01]   Manik : i would second sumit ‘s opinion
[10:01]   r m : @Sumit, so you have also joined VOP (vwap band opposition party)? 🙂
[10:01]   Sumit : 🙂
[10:02]   r m : NF delta showed improvement at vwap band
[10:02]   Shai : Manik shorts are stuck in NF
[10:02]   Shai : They will look for an exit route
[10:03]   r m : so we may get a good dip today 🙂
[10:03]   Kathir : GOOD MORNING Shai RM and all friends
[10:03]   Shai : so be open to the idea of a sharp intra day dip which should show big blue delta
[10:03]   r m : courtesy stuck shorts
[10:03]   r m : Thanks
[10:03]   r m : Hi Kathir 🙂
[10:04]   Manik : ok
[10:06]   Manik : @ shai , will they be compelled to cover abv days high ?
[10:07]   Shai : Yes mentioned 7920- 7940 spot as supply zonein blog post
[10:07]   Manik : ok
[10:07]   r m : @Kathir, you need a biometric attendance system like Modi has installed for GOI employees 🙂 http://attendance.gov.in/
[10:07]   Kathir : in fut we can take it as 7960?
[10:07]   Shai : if that happens we close the month around 8050
[10:07]   Kathir : lol
[10:08]   Kathir : @RM morning i saw sgx nifty 120 plus..so i started slowly and came late
[10:10]   r m : yeah, good judgement
[10:10]   r m : with such a huge gap up one can even take a IB hour nap 🙂
[10:11]   Shai : spot Monthly profile- (09:04) r m:http://screencast.com/t/1piRVeqfjb
[10:12]   r m : @Shai, this is OCT future
[10:12]   Kathir : yeah
[10:13]   Shai : BN monthlyprofile- http://screencast.com/t/RqPVvPNJDRBG
[10:14]   r m : spot hourly chart http://screencast.com/t/l2UfNBtZ
[10:14]   Shai : link got mixed up
[10:14]   r m : today’s not shown since i have only IEOD data for spot
[10:14]   Shai : Nifty spot monthly- http://screencast.com/t/CPD2mqXKa
[10:14]   r m : Thanks Shai
[10:15]   Manik : @rm lotus blooms in maharashtra
[10:15]   Kathir : @amit happy that lotus won
[10:16]   Kathir : @shai close abobe 7930-40 will again retest 8200 ? nifty spot
[10:16]   r m : yes Manik, NCP jumping in lotus pond to save its skin 🙂
[10:16]   Shai : Kathir 8050 to begin
[10:16]   Kathir : ok shai
[10:17]   Kathir : @rm irrespective of shai’s vote bjp won all 8 seats in pune 🙂
[10:17]   r m : Haryana is more surprising, it was deep into caste politics since it’s birth, suddeny folks there woke up
[10:17]   Manik : LoL
[10:18]   r m : @Kathir :
[10:18]   r m : 🙂
[10:18]   Kathir : yeah haryana was a surprise pack for bjp
[10:18]   Manik : @rm would be comfortable with SS than NCP
[10:18]   r m : @Kathir, for all you know Shai could have been campaigning for lotus during dussehra vacations 🙂
[10:19]   Kathir : even maharashtra single party above 100 seats is after 30 years i guess
[10:19]   r m : @Manik, yes, NCP is like cobra, while SS is just ordinary lizard 🙂
[10:19]   Kathir : 🙂
[10:20]   Manik : @ RM atleast now shai should clear his stand 🙂
[10:20]   r m : @Manik, he has made it clear na! he was busy this morning distributin sweets 🙂
[10:21]   Amit J : Yes Kathir 🙂
[10:21]   Amit J : thanks shai for monthly profile
[10:21]   Kathir : my wishes to you amit
[10:22]   Kathir : like haryana surprise Infy 3800 pe could be a surprise before this setlmnt or on setlmnt day
[10:22]   Manik : 🙂
[10:22]   r m : OK Kathir, thanks
[10:23]   Kathir : welcome sir
[10:31]   Shai : Welcome Amit
[10:32]   Shai : @RM 🙂
[10:32]   Shai : Remmeber how I had mentioned here a month back about NCP liking to stay in power- They could not wait till the full results were out- took them less than 4 hours 🙂
[10:33]   r m : lol
[10:33]   Manik : 🙂
[10:33]   Kathir : lol
[10:34]   r m : Indian Express Heading – BJP set to get both power and Pawar in Maharashtra 🙂
[10:34]   Shai : lol 🙂
[10:34]   Manik : lol
[10:35]   Kathir : lol
[10:35]   Kathir : nf up 100 and delta – 140
[10:36]   Shai : NF playing out as an OAOR
[10:36]   Shai : vwap band is tight
[10:36]   Shai : abv 7924 NF will go to 7948
[10:37]   Shai : BNF spot is over 16000 res zone and holding up
[10:37]   Shai : 16335 is the overhead imm res
[10:37]   Shai : could play out 16000- 16335 spot
[10:38]   Kathir : premium of bnf is jsut 20 points shai
[10:39]   Shai : yes NF is more
[10:39]   Shai : indicator of more shorts present in NF
[11:04]   Shai : sellers enering again 7928/ 7924
[11:05]   Shai : last 10 min candle has max sellers
[11:11]   Kathir : delta -320 nf
[11:12]   Shai : BNF supply zone- http://screencast.com/t/sqJPNMb5CNBn
[11:23]   Shai : In a 10 point zone auction getting moved around in NF
[11:25]   Kathir : @shai 100 points up and staying there but delta – increasing means how to take it?new shaorts creating
[11:25]   Kathir : shorts
[11:29]   Amit J : even after so many shorts, vwap is not getting crossed. this reflects inherent strength. your view shai
[11:29]   Amit J : 7900 put good writing
[11:29]   Shai : Kathir shorts coming in not going with vwap ref
[11:30]   Shai : these new sellers are in dangerous territory as price not confirming
[11:30]   Shai : hey are safe below vwap
[11:30]   Kathir : ok
[11:30]   r m : if these shorts are overcome then there could be a huge rise?
[11:32]   Sharad : Shai is it possible in ES that their expiry is completed so now they will go down again to test low … that is why shorts or delta increasing here
[11:33]   Clay : 50 day SMA Nifty Future at 7946- so far move from 100 daily SMA at 7760 to 7940 approx 100 SMA daily NF
[11:33]   Shai : Sharad I’m tracking the spx and it has res at 1892 nd 1910
[11:33]   Clay : sorry 7760 to 7940 50 SMA
[11:33]   Shai : 1910 is big res and can be a game changer either way
[11:34]   Sharad : i think after testing ES 1910 should go to test low of 1810
[11:35]   Shai : possible
[11:35]   Sharad : shorts must be anticipating this..
[11:36]   Sharad : even INR is rock steady since morning
[11:41]   Shai : yes there is a divergence in price and delta too
[11:43]   Kathir : -500
[11:44]   Shai : ye there is a divergence between price and delta
[11:45]   Shai : either we get that big 100 pointer abv 7950 which forces all these shorts out or we drop down to 7856
[11:45]   Shai : there is a in 100 pointer here from this zone and can even go to 200
[11:45]   Shai : faed auction visit below is 7752
[11:46]   Shai : MIn 100 pointer **
[11:48]   Clay : Shai Bank Nifty scenarios?
[11:51]   r m : bn delta improving
[11:52]   Shai : BNF can potentially do 100 points abv 16350
[11:52]   Shai : 16457 tgt
[11:52]   Clay : ok thanks
[12:05]   r m : there are two kind of sleeping tablets Dr MP prescribes – OAIR and OAOR 🙂
[12:07]   Sumit : wanna play chidiya uddi??
[12:07]   r m : yeah, i don’t mind but be aware of chidimaar’s shotgun 🙂
[12:08]   Amit J : Shai your view on titan
[12:08]   r m : that -5xx delta is like number of balls in the shotgun!
[12:08]   Sumit : could go to 6xx or more
[12:09]   Sumit : -6xx
[12:09]   r m : yes
[12:10]   r m : there was a trend day last month when it went up to -675 with close above IBH
[12:10]   Amit J : yes it was first day of delta on scren
[12:11]   Shai : Titan nice bounce from 364
[12:11]   Sharad : but RM what happened thereafter…. big fall
[12:11]   Shai : can do 393/ 400/ 412 with sl of 371 now
[12:12]   Amit J : thanks
[12:13]   r m : yes Sharad
[12:15]   Sharad : so can it be repeat ?
[12:15]   Sumit : would love to see repeat
[12:15]   r m : I think that day delta closed at -675 and NF closed near 8200 – the day under rectangle – http://screencast.com/t/jqIyRZeJmtXX
[12:16]   r m : 300 points correction after that 🙂
[12:18]   r m : but options OI is not bearish
[12:18]   r m : huge addition in 7900PE
[12:21]   Sharad : yes we can not fall 300 but as per Shai 100 atleast give us RM
[12:21]   r m : sure 🙂
[12:21]   r m : which side? 😀
[12:21]   Sharad : 🙂 down first
[12:22]   r m : ok 🙂
[12:22]   Sharad : Thank you
[12:23]   r m : @Sharad, in that example downfall came next day onwards!’
[12:23]   Sumit : -6xx done
[12:23]   Sharad : then will wait till tomorrow
[12:27]   r m : BNF getting some buyers below vwap
[12:31]   Porus : NF buyers at vwap too. -ve delta reducing.
[12:31]   r m : yes
[12:36]   r m : a mild drift down from the day’s high is all that is achieved so far by negative delta
[12:36]   r m : http://screencast.com/t/i1PCBzke71C
[12:36]   Shai : sellers have to penetrate vwap
[12:44]   Sharad : in delta major sellers are at 7923 and 7905… and 7905 defended
[12:46]   Shai : minor adjustemnets in the charts – the ref lines are at 7926 and 7913 instead of 7910/ 7923
[12:47]   Shai : 16308/ 16264 instead of 16290/ 16257
[12:47]   Shai : Sharad passive sellers now also in NF and BNF shown by pink
[12:47]   Sharad : ok
[12:48]   Shai : These are very brave shorts holding up with the looming threat of a diwali rally
[12:48]   Sharad : so delta shows market order and pink green shows passive orders?
[12:48]   Shai : sentiment wise
[12:48]   Shai : yes
[12:48]   Sharad : thanks for clarification
[12:49]   Shai : http://vtrender.com/premium/trading-with-the-fp-charts/
[12:50]   Shai : Agrresive traders have a stronger opinion of the market
[12:50]   Shai : we track them as they seem to be knowing better
[12:50]   Shai : passive works best when open auction or market in balance
[12:51]   Shai : Then LTF – longer time frame has already moved and is watching for next step
[12:51]   Sharad : 7905 well defended
[12:53]   Shai : spot traders – 7865 supp and 7920 res
[12:54]   Shai : if we see shorts closing today around 7840- 7860 spot then 8000 ce will pay well into expiry- tgt is 7980/ 8030 spot
[12:54]   Shai : can add abv 7920 -spot on price confirmation
[12:55]   Shai : “Longer time frame supply rests at 7920- 7940 spot. Above these levels a fierce short covering move can come to 7995/ 8040/ 8082.”
[12:55]   Shai : http://vtrender.com/levels-and-plan-for-20th-oct/
[12:58]   Porus : Any cues available from Europe open?
[13:01]   Shai : europe has opened like the NF did
[13:01]   Shai : may not see day high again today
[13:02]   Shai : 7900
[13:02]   Shai : watch 7883 F
[13:02]   Shai : below that 7857
[13:03]   Chiranthan : SL
[13:03]   Shai : 7921
[13:03]   Shai : don’t short here
[13:03]   Chiranthan : ok
[13:04]   Shai : we never enter near vwap deviation band
[13:05]   Shai : if we get to 7906/ 7910 we will short for 7883 with sl above 7921
[13:05]   r m : FII went long in Index Future on Friday while writing index CE and buying index PE – http://vtrender.com/wp-content/uploads/2014/10/fiioi.png
[13:06]   r m : guess they did their home work well 🙂
[13:07]   Shai : yes they are playing it well
[13:07]   r m : neutral day in NF
[13:08]   Sharad : At highs they must have sold futures and will cover short CE at bottom and will sell long PE also
[13:08]   Sharad : smart way
[13:09]   Shai : From sept 9 posted here too- http://screencast.com/t/zbpMWxRpfU
[13:09]   Sharad : so this minus delta is because of FII selling…understood
[13:10]   Shai : was around -5500 in cash in CR till last week
[13:11]   Shai : above 7920 spot they should come back to cash buying I feel
[13:20]   Shai : 7863 spot low
[13:20]   Shai : delta off 200 but still neagtive
[13:30]   Kathir : @SHARAD whats was shai’s usd inr supp and res this morning?
[13:37]   Sharad : 61.51 and 61.12 , 61
[13:40]   Shai : 7885
[13:40]   Shai : new selling not coming ta these lows
[13:40]   Shai : 7923 is still the major seller
[13:49]   Kathir : SHARAD thanks
[13:50]   Kathir : @RM last year kris appearred this month only
[13:50]   Kathir : sep end to oct he was there
[13:51]   Kathir : and dissappeared
[13:51]   r m : ok, he has become slightly active on twitter now, maybe will come here too 🙂
[13:51]   Kathir : oh good 🙂
[13:53]   r m : he was buying CE’s last week, guess his bank may have ordered extra space in strongroom today 🙂
[13:53]   Kathir : ok 🙂
[13:54]   r m : krishnamohan @cvkmohan · Oct 16Maybe foolish trade. Buying 7900ce
[13:54]   r m : this is how he described it 🙂
[13:54]   Kathir : 🙂
[13:55]   Kathir : great trade
[13:55]   r m : yeah
[13:55]   Kathir : 16th nf went low right
[13:55]   Kathir : 7740?
[13:55]   Porus : NF delta below-300
[13:56]   Kathir : may be intra short guys covering with small profit?
[13:56]   r m : yes, 16th and 17th low was 775X
[13:56]   Kathir : ok
[13:56]   r m : green in NF now
[13:57]   Kathir : after a very long pink greean appears
[13:58]   r m : yes, let us see if NF goes back to developing value and stays there
[13:58]   Kathir : shai rekha line is knocked
[13:59]   r m : Shai’s rekha has got heavy baton to knock on the head of all folks who approach it without good delta 🙂
[14:00]   Kathir : like now
[14:01]   Manik : will take a sledge hammer next time
[14:01]   r m : 😀
[14:01]   Kathir : manik wansts long . shorts have to be carefull
[14:01]   r m : bnf managed to touch vwap
[14:02]   Manik : 🙂
[14:02]   r m : @Kathir, thanks for the warning man!
[14:02]   Kathir : welcome 🙂
[14:03]   Kathir : people who have dificulty in following charts and delta’s simply catch manik
[14:03]   Manik : exactly on the opposite side
[14:03]   r m : yeah, let him do the analysis we just hang on to Manik’s coat tails!
[14:03]   Kathir : 🙂
[14:04]   Manik : 🙂
[14:04]   Kathir : yeah
[14:04]   Manik : sir ji,iam done leaving early
[14:04]   Kathir : for me its even better because i am sitting near him only
[14:04]   Kathir : so he cant cheat me
[14:04]   r m : Bye Manik, have a great day 🙂
[14:04]   Kathir : lol
[14:05]   r m : @Kathir, yeah, you got an unbeatable advantage!
[14:05]   Kathir : @RM any info(maniks) i will let u know dont worry
[14:05]   Kathir : yes ge
[14:05]   r m : Thanks 🙂
[14:06]   r m : inside trading just got a new meaning 😀
[14:06]   Kathir : lol
[14:08]   Kathir : @sharad usd days high
[14:10]   Sharad : ya watching but bit slow today
[14:10]   Kathir : shall we sell with 61.5 SL
[14:10]   Sharad : yes near 61.51 but if can not cross then only
[14:11]   Kathir : Sl?
[14:15]   Sharad : Sl is bit higher 61.68 … so do not sell in a hurry
[14:16]   r m : @Kathir, BN going home with Manik? 🙂
[14:16]   Sharad : i am long right now
[14:16]   Kathir : @sharad ok thanks
[14:17]   Kathir : @rm yeah thats y i told you 🙂
[14:17]   r m : lol
[14:18]   Sharad : i am trying to sell around 61.48/49 my long position and if sustain above it do not short
[14:19]   Kathir : ok sure
[14:20]   Sumit : perfect low made 7882 as Shai suggested (7883) so far
[14:20]   r m : yep
[14:21]   Kathir : we have to ask modi to give arjuna award to our master Shai this year
[14:22]   r m : Shai won’t like to waste a day of trading to go to Delhi, they will have to perform the ceremony on a Sunday 🙂
[14:22]   Kathir : lol
[14:22]   Sumit : its like a return gift for voting them 🙂
[14:23]   Manik : drona suits him better , Rm for arjuna
[14:23]   Kathir : bit different request – give arjuna award to shai on a saturday
[14:23]   Kathir : sorry sunday
[14:24]   Kathir : @manik RM we request for nobel man
[14:25]   Sumit : and he may get it too
[14:25]   Manik : @ rm is so magnanimous will keep the certificate for himself and give prize money to us
[14:25]   r m : @Manik, Arjun will turn in his grave (or whereever a soul lies) – I can’t even aim at a bird’s stomach (unless it is ostrich) leave aside the eye 🙂
[14:25]   r m : lol
[14:26]   Manik : LOL
[14:26]   Kathir : lol
[14:26]   r m : getting noble prize is easier these days, it is all politics without the need to convince a billion voters 🙂
[14:27]   Manik : 🙂
[14:27]   Kathir : 🙂
[14:27]   Sumit : nf green has breakeven
[14:28]   r m : https://pbs.twimg.com/media/B0X4SwfCUAAEbSK.jpg:large
[14:28]   Sumit : 🙂 true
[14:28]   Sharad : nice one RM
[14:28]   Kathir : nice one ge
[14:28]   Manik : 🙂
[14:28]   r m : 🙂
[14:29]   Kathir : if modi can get all the money from sharad pawar then he can reduce diesel price another 20 rs
[14:29]   r m : lol
[14:30]   Manik : lol
[14:30]   r m : Guess that is precisely what NCP wants to prevent 🙂
[14:31]   Kathir : yeah
[14:31]   Manik : 🙂
[14:32]   Kathir : choosing ncp or siva sena is like “do you want to bowl firat or field first ”
[14:32]   Shai : spx slipping
[14:33]   Shai : looks like 7858 today
[14:33]   Shai : go short below 7882 with a sl of 7904
[14:33]   Shai : tgt 7858
[14:34]   Shai : dax open drive down is from 8882 to 8752 now
[14:34]   Kathir : 130 down?
[14:35]   Kathir : pink in NF
[14:35]   Shai : yes dax has become very volatile
[14:35]   Kathir : ok shai
[14:43]   Manik : @ rm a lilltle help from reliance hope to see days high 🙂
[14:43]   r m : it is gathering energy
[14:44]   r m : bade bhai must be feeling cheesed off with that USD5.61 offer, that too in escrow account subject to court decision 🙂
[14:45]   Manik : 🙂
[14:46]   Kathir : @manik you want help from reliance or RM
[14:46]   Manik : both
[14:46]   r m : lol
[14:46]   Kathir : ok
[14:47]   Kathir : whats fridays nf total volume
[14:47]   Porus : @shai, where are the vwap lines of NF?
[14:48]   Kathir : @porus u mean vwap band?
[14:48]   Kathir : upper and bottom
[14:48]   r m : @Kathir, OCT NF volume was 297423 contracts
[14:48]   Kathir : ok ge friday alone?
[14:48]   Porus : yes vwap bands
[14:49]   r m : yes
[14:50]   Kathir : ok ge thanks
[14:50]   r m : welcome
[14:50]   Kathir : RM can you see the vwap band
[14:50]   Kathir : nf
[14:50]   Amit J : Shai if we close at vwap with -200 delta. what would that mean for tomorrow
[14:51]   r m : vwap itself is around 7910
[14:51]   r m : bands should be around 7877/7944
[14:52]   Porus : thanks
[14:52]   Shai : Amit looking more and more like a short NF and long BNF trade to me
[14:52]   Shai : More likely some shorts cover now on higher prices
[14:52]   r m : welcome Porus, but take that with a pinch of salt, I am using captured data and not very accurate
[14:53]   Porus : ok
[14:53]   Shai : I think we go to 7940/ 7970 from here
[14:53]   Shai : sot
[14:53]   Shai : spot*
[14:53]   Porus : today or tomorrow?
[14:54]   r m : so 8000CE worth 30 bucks is a good buy with stop below 7882NF?
[14:54]   Shai : by wed
[14:54]   Shai : use spot 7840 as sl
[14:54]   r m : Thanks
[14:54]   Chiranthan : 8000 ce is a buy?
[14:55]   Shai : I think a squeeze is on as long as we stay abv 7840 spot
[14:55]   r m : ok
[14:55]   Shai : yes buy the ce with 7840 spot as sl
[14:56]   Kathir : may be the squeee wil come as diwali gift for longs
[14:56]   r m : bear squeeze instead of sweets and fireworks? 🙂
[14:56]   Kathir : 🙂
[14:57]   Kathir : @RM shai has to remove all his red lnes first
[14:57]   Kathir : lines
[14:57]   Manik : then vvwap band
[14:58]   Kathir : 🙂
[14:58]   r m : BNF red line at 16252 has become a bit lenient lately 🙂
[14:58]   Kathir : is there any other red line above that for bnf?
[14:58]   Kathir : other than 16254
[14:59]   Shai : yes at 16310
[14:59]   Kathir : ok shai
[15:00]   Kathir : @shai instead of going straight away from here will it be better for NF to test that 7858 first and then reverse
[15:01]   Shai : That was the motive of the seller at 7923 but selling dispappeared below 7890
[15:02]   Kathir : ok
[15:02]   Shai : (13:40) Shai :new selling not coming at these lows
[15:02]   r m : they may utilize any global weekeness to open gap down and cover shorts
[15:03]   r m : *weakness
[15:03]   Kathir : ok
[15:04]   Sharad : Top Cabinet Minister to economy reporters: keep yourselves free this evening. Bigger reforms decision than Friday’s at Cabinet meetg at 6 pm – Twitter messages
[15:04]   Amit J : where has this came
[15:05]   Sharad : Twitter
[15:05]   Amit J : whose twitter
[15:06]   Sharad : right or wrong don’t know
[15:06]   Sharad : mine
[15:07]   Kathir : @sharad which city you line in?
[15:07]   Kathir : live
[15:07]   Kathir : hyd?
[15:08]   Sharad : Ahmedabad
[15:08]   Kathir : oh ok
[15:09]   Kathir : so you dont have anything to do with sharad pawar 🙂
[15:09]   r m : 🙂
[15:09]   Sharad : hahah
[15:09]   Manik : 🙂
[15:10]   Kathir : if so sharad will not be trading here
[15:10]   Sharad : then i should have more than 10k crore
[15:11]   Sharad : Shai caNF go to 16000 if breaks todays low
[15:12]   Sharad : i mean today or tomorrow
[15:12]   Sharad : BNF
[15:12]   r m : POC was 16000
[15:12]   Sharad : that is why asking
[15:13]   Shai : 16157 and 16026 below day low of today
[15:13]   Kathir : shais support was around 16150 i guess
[15:13]   Kathir : right
[15:13]   Sharad : ok good
[15:15]   Shai : 7910 and 7921- 24 are the big selelrs of the day
[15:16]   Kathir : they didnt alow nf to trade above that comfortably
[15:16]   Amit J : coal pooling announcement likely today @sharad
[15:16]   Sharad : may be
[15:16]   Porus : will that be positive for markets?
[15:17]   Shai : Cabinet meets on Mon – I thought every friday it was?
[15:18]   Amit J : coal pooling was ET now flash. if happens positive
[15:20]   r m : This cabinet can meet any time – a minister was heard complaining that he has to drink milk at bedtime instead of scotch, Modi may call anytime and a whiff of alcohol could end the minister’ job 😀
[15:20]   Shai : lol
[15:20]   Manik : mera bharat mahaan
[15:20]   Kathir : lol
[15:21]   Kathir : after that he can have alcohol anytime
[15:22]   r m : I guess the whole cabinet must have been punch drunk when Modi was abroad 🙂
[15:22]   Manik : lol
[15:22]   Kathir : as much as they can before he comes
[15:23]   Kathir : @shai views on close here now
[15:23]   Amit J : my friends in ET now – private players to be allowed mining.
[15:23]   Amit J : + for tata steel and adani
[15:24]   Kathir : oh is it?
[15:24]   Amit J : pooling is positive for power players, tata power and ntpc
[15:25]   Shai : it’s on ET now?
[15:26]   Shai : Kathir bnf and nf again diverging
[15:26]   Shai : BNF is the leader so again may not be much down
[15:26]   Kathir : ok shai
[15:26]   Kathir : if amits ET now msg comes real then another gap up tomrw?
[15:27]   Shai : possible Kathir- gaps squeeze shorts out
[15:28]   Kathir : ok
[15:28]   Kathir : detla 450 again
[15:29]   Shai : BNF at day highs
[15:29]   Shai : BNF should be the easier short
[15:29]   Shai : and NF the easier long
[15:29]   Shai : it should reconcile tom
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice eve
[15:30]   Manik : bye all
[15:30]   Amit J : Kathir i am also trying to confirm
[15:30]   Chiranthan : Bye
[15:30]   Sharad : Bye all
[15:30]   Amit J : bye
[15:30]   Porus : bye
[15:31]   Sumit : good bye everyone
[15:31]   Sharad : yes NTPC , REC all up today
[15:32]   Sharad : 5-6 % that is huge
[15:32]   Amit J : i did btst ntpc adani and tata steel
[15:32]   Amit J : lets see tomo
[15:33]   Sharad : good … i just checked and market closed
[15:33]   Sharad : ya will see tomorrow
[15:34]   Kathir : yeah guys thanks and bye all 🙂