General Chat Transcript
Date and Time: May 21, 2015 09:16:10
[08:54] r m : Good Morning folks!
[08:54] r m : http://vtrender.com/levels-and-plan-for-21st-may/
[08:54] r m : http://vtrender.com/premium/orderflow-charts-and-notes-2005/
[08:54] Porus : GM RM
[08:54] r m : Hi Porus
[08:54] r m : Nifty MAY Future levels| Key Reference Area 8438| Hypo1 above 8438➜8464➜8496 SL 8401| Hypo2 below 8390➜8364➜8326 SL 8438
[08:55] r m : Banknifty MAY Future levels| KRA 18590| Hypo1 above 18628➜18670➜18751 SL 18525| Hypo2 below 18440➜18390➜18222 SL 18535
[09:01] Venkatesan : gm shai, rm and friends
[09:02] Pawandeep : GM all
[09:03] r m : Hi Venkatesan
[09:04] Tejpreet : GM all.
[09:06] Sudhakar : gm all
[09:10] Shai : GM all
[09:10] Ashish : Gm all
[09:11] Moses : GM all
[09:11] RK : GM Shai,RM and all
[09:12] r m : Hi RK
[09:12] Soumya : Good Morning all
[09:12] Sumit : GM everyone
[09:12] Hemant : GM folks
[09:15] Sharad : GM all
[09:15] Shai : NF 8438 area again an early morning ref
[09:15] Shai : we sought a close abv it yesterday did not happen
[09:15] Shai : 18628 in BNF
[09:16] Shai : 8390 area again a supp
[09:17] RK : many scrips have open high
[09:18] Shai : 15 i min rule for that O=H
[09:18] RK : yes
[09:21] Kathir : GM Shai RM and ll friends
[09:21] Shai : Open within value and range
[09:21] r m : Hi Kathir
[09:22] Shai : yesterday’s late afternoon sentiment prevails
[09:22] Porus : that was weakish?
[09:22] Shai : sideways
[09:22] Tejpreet : Shai how is TVSmotors looking on charts?
[09:23] Vivek K : UBL attempting a break from 100 point range
[09:24] Shai : BNF was more weakish yesterday Porus in comparison so look for conf below val today
[09:26] Pawandeep : @ shai no otf as yet?
[09:27] Porus : ok
[09:29] Shai : tvs still see it as sideways
[09:29] Shai : slightky positive abv 222 on intra
[09:29] Shai : 222.3
[09:30] Shai : brakout abv that can give you 230.5 and 236.5 add abv 225.4
[09:30] Tejpreet : Thanks for the lvls.
[09:31] Kathir : @shai please give me levels for usd/inr – res and trgt and supp also
[09:32] Shai : uBL open drive again 2n day
[09:32] Shai : continues strng abv 1017 intra
[09:32] Shai : 1043 is easy
[09:33] Shai : positinal tgt 1134 sl below 975
[09:33] r m : @Shai, what is your view for short in CIPLA?
[09:33] Shai : BNF
[09:34] Shai : cipla can drop to 663/ 667
[09:34] r m : Thanks
[09:34] Shai : sl abv 690
[09:34] r m : OK
[09:34] Shai : 655 also possible
[09:34] r m : Thanks 🙂
[09:35] Tejpreet : Rm as per OI sheet Fii have added long position in last 2 days …can you confirm it.
[09:35] r m : yes
[09:35] r m : have been adding long CEs too
[09:36] r m : don’t know if addition is in May series or June
[09:36] Tejpreet : So basically long above lvl 8345.
[09:36] Tejpreet : even fii following Shai lvl 🙂
[09:37] Kathir : @Tej Shai has many FII friends 🙂
[09:37] Porus : RM, is it pssible to breakup the number into May and Jun series?
[09:37] Hemant : Shai, charts no updating?
[09:37] Ashish : Charts not updating..
[09:39] Venkatesan : my case too
[09:39] Shai : yes small issue- will update in a min
[09:39] Porus : Shai, you mentioned on TW y’day that FIIs have gone long bias. Does that mean that this series is likely to see an upmove into expiry?
[09:39] Tejpreet : @Kathir seems like lot of big players in the chat room itself 🙂
[09:40] Shai : NO Porus FII don’t have that kind of control on index any longer
[09:40] Shai : their net weightage on index is lesser
[09:41] Shai : retail stronger now
[09:41] RK : one dip to 8390 and rejection there will be good for upmove..
[09:43] Hemant : And an acceptance will open the flood gates..
[09:44] Kathir : @TEJ yes I have noted that 🙂 you can see change in volumes in order book if a level breaks up or down
[09:44] Shai : Kathir USDINR data is an issue tday- cannot update that chart
[09:44] Kathir : ok shai no problem
[09:45] Hemant : There is a report doing rounds on curtailing retail trading
[09:46] Tejpreet : Curtailing trade in which instrument Hemant.
[09:46] Hemant : Derivatives Tej
[09:47] Hemant : Can I post a link here to the article?
[09:47] r m : sure
[09:47] Tejpreet : I think it was about inreasing lot size to 10 or 5 lakhs.
[09:47] Kathir : Pls post hemant
[09:47] Hemant : http://articles.economictimes.indiatimes.com/2015-05-18/news/62323254_1_contract-size-derivatives-trading-futures
[09:47] Shai : Sell NF 8412- 8417 sl of 8440 tgt 8390/ 8365
[09:48] Hemant : Pls do apprise us on the implications of this..
[09:48] Venkatesan : hement reason?
[09:49] Hemant : Apparently to “protect” retailers
[09:49] Kathir : Hem thanks for the link
[09:49] RK : except 2 (hdfc and drreddy) rest all in my watchlist had cleared open high and moved up.had around 7 with open high
[09:50] Hemant : Welcome Kathir
[09:51] Shai : RK working on AMI?
[09:51] Venkatesan : shai nf trading in discount
[09:51] Shai : yes
[09:51] RK : no Shai..NEst and excel..Ami help from RM 🙂
[09:52] Shai : ok
[09:53] Shai : If you are working on that O=H concept see if you can refine it as O= H abv PDH and trigger entery below PDH
[09:53] Shai : should give 95% sucesss
[09:54] RK : you mean to short in above scenario?
[09:55] Shai : yes
[09:55] RK : got it..
[09:55] Shai : 8430 is a short in NF near highs
[09:55] Shai : roughly 5200 contracts
[09:55] Shai : 18540 in BNF a short
[09:56] Shai : roughly 500 contracts
[09:56] r m : @Shai, at which point SBIN gets weak, have not been able to get above 295 yesterday?
[09:58] Kathir : @SHARAD here ?
[09:58] Shai : sbin weak below 290.1
[09:58] Shai : can drop to 285.5
[09:58] r m : Thanks
[09:58] r m : OK
[09:59] RK : TISCO sub 330 levels possible Shai?
[09:59] RK : in a week
[10:00] Shai : Sell BNF near 18490- 18510 sl of 18565 tgt 18440/ 18390
[10:00] Hemant : Shai, is it ok to play for 8260 here?
[10:00] Shai : sell higher near 18500 not here
[10:03] Shai : Hemant if 8345 breaks then or a close below 8390 F today
[10:04] Hemant : Got it, ty
[10:05] Venkatesan : breaks
[10:05] Sharad : Yes Kathir
[10:06] Hemant : 8400 spot gone..
[10:07] Ashish : Cesc below Shai levels 🙂
[10:07] Ashish : 8390 gone
[10:07] Soumya : Any Nifty short trades here?
[10:08] Ashish : (09:47) Shai :Sell NF 8412- 8417 sl of 8440 tgt 8390/ 8365
[10:08] Shai : (09:47) Shai :Sell NF 8412- 8417 sl of 8440 tgt 8390/ 8365
[10:09] Shai : Missed a BNF short
[10:09] Shai : did feel it would come to 18400 at yesterday close
[10:09] RK : buyers responding here
[10:09] Tejpreet : Shai can we initiate 50 % positional shorts here and reast on break of 8345.
[10:10] Shai : Short positional on IBL break now Tej
[10:10] Shai : or below 8375 F sl will be day highs
[10:10] Tejpreet : Got it thanks.
[10:12] Shai : BNF getting weaker
[10:13] Shai : We will short BNF on a bounce to 184400
[10:13] Shai : tgt 18360 sl 18500
[10:13] Shai : 18440***
[10:15] RK : PDL is held in both as of now
[10:15] Shai : Sl is now 8415 on the bal of NF intra short
[10:19] Kathir : Sbi holding 290.10 still..low 290.3
[10:21] Shai : 18387 LVN of the positionals
[10:21] Shai : big slide if that breaks
[10:22] Shai : I’ve put 18222 obj below 18390 in that hypo
[10:27] Shai : New sellling below IBL now
[10:27] Shai : sl on all shorts at vwap + filter
[10:27] Shai : looking for a trend day if IBL breaks
[10:30] Shai : Sell BNF in 2 parts at 18410 and at 18450 sl 18490 on day tgt 18360/ 18292
[10:31] Shai : taking an initial stab as price is still weak and support at LVN not coming
[10:32] Shai : though I feel 18440 region is best to short again
[10:36] Tejpreet : Shai shouldn”t the price rush through lvn , bank nifty hovering around 18387.
[10:38] Kathir : @shai LVN 0 is 18387 and -0 is 17932..does it mean it will go there as a next level
[10:38] Rajat : call on nifty
[10:40] Shai : NF not really weak
[10:43] Shai : Yes Kathir can happen though not 100%
[10:43] Shai : but it is positional remember and is an area not a line
[10:44] Kathir : ok. so if one taking position based on this he can put SL above LVN +1 is it
[10:45] RK : Shai yes was about to ask you..as the LVN and HVN are zones, how do you arrive at one specific no?
[10:48] Shai : some longs now in NF
[10:50] Shai : RK I go by range of the week gone by against the past ATR to arrive at the zones to watch
[10:50] Shai : In theory you can spot an LVN every 20- 30 prices
[10:50] Shai : but by doing so on weekly levels we avoid “noise”
[10:51] RK : Yes..when we look at charts of some stocks, everywhere we can spot LVN only 🙂
[10:52] Shai : avg range of week is about 180 points with vix of 15 and goes upto 240 when vix is 19
[10:52] Shai : last week was 260
[10:52] r m : Drreddy has more LVNs then the capsules they sell 🙂
[10:52] Ashish : 🙂 Rm
[10:52] Shai : 🙂
[10:53] Shai : Exit the BNF short trade here – we will wait on confirnation to reshort higher
[10:54] Shai : responsive buying now in both NF and BNF
[10:54] RK : so again when you zoom into weekly level, how do you pick one no for eg 8437..its like exhaustion point of LVN something!
[10:58] Shai : LVN is where volume is not traded
[10:58] Shai : s easy to find
[10:58] Shai : like 8345 was not traded for several weeks
[10:59] Shai : there were single prints also there which is a sign of exhaustion
[10:59] Shai : same with 18623
[11:00] RK : ok..will check the charts..if possible pls share the chart Shai to understand it better..
[11:00] Shai : sure
[11:00] Shai : Auction has just gone neutral here at vwap
[11:00] Shai : Morning seller has to take it below IBL for more weakness
[11:01] Shai : (10:27) Shai :looking for a trend day if IBL breaks
[11:03] r m : @Shai, OK to keep an order in system for short below IBL in NF? Those sudden sell-off give no time for entry 🙂
[11:04] Kathir : @RM i thought it was you who is breaking thse levels without giving time for us 🙂
[11:04] r m : lol
[11:05] r m : and I was quite sure that TN lobby was behind it D
[11:05] Shai : No RM don’t put one there- ther are 2 time frames visisble there
[11:05] RK : RM you can straightaway accuse us both instead calling TN..I believe we two only here 🙂
[11:05] r m : ok, thanks Shai
[11:05] r m : lol
[11:06] Venkatesan : NO
[11:06] Kathir : @RK few others here i guess
[11:06] r m : @RK, Rav was the other major party but he is no longer seen in the room, don’t forget Keshav quietly trading in background 🙂
[11:06] RK : oh missed about new comers 🙂
[11:07] Keshav : just learning
[11:07] Kathir : oh keshav here..Hi man
[11:07] r m : yeah, you have such a long list of stocks to trade, no time to notice fresh entries RK 🙂
[11:07] Keshav : hi kathir
[11:07] RK : Shai HUL good buy here
[11:07] Kathir : 🙂
[11:07] RK : ?
[11:08] RK : RM 🙂
[11:09] r m : @Keshav, we are all learning here some at the pace of snail like me 🙂
[11:09] Shai : yes HUL good abv 858
[11:09] RK : with SL 846?
[11:11] Keshav : better to complete the race being the tortoise
[11:11] r m : lol
[11:12] Keshav : the hare becomes the easy target for both bull and the bear
[11:13] Shai : yes 845 good
[11:13] Shai : look at 872 tgt
[11:13] RK : thanks
[11:20] Shai : Keep a new order to sell BNF below 18350 sl of 18410 tgt 19270/ 19225 by close
[11:20] Shai : 18270/ 18225**
[11:20] Shai : be back in few mins..
[11:28] Hemant : Got a question folks, the profile so far is developing “b” does it mean more sellers than buyers today?
[11:30] r m : b generally means long liquidation
[11:31] RK : unwinding long positions
[11:32] Hemant : Would TPO count on the profile suggest the same liquidation RM/RK?
[11:34] r m : @Hemant, I won’t know how to use that info
[11:37] Hemant : Ty RM
[11:38] RK : Hemant that observation was based on sellers on chart but prices not moving down..
[11:39] Kathir : whats PDH for bnf?
[11:39] RK : 18599 F Kathir
[11:39] Kathir : thanks RK
[11:40] RK : welcome
[11:40] r m : that 9 is always there like Bata shoe prices 🙂
[11:40] Ashish : 🙂
[11:40] Hemant : Ok RK
[11:42] Porus : RM, got AMI today.
[11:43] r m : ok
[11:43] Porus : Where can I get MP AFLs?
[11:43] Hemant : What version Porus? Spent ages trying to get Nest to connect to AMI
[11:44] Hemant : Justfintech site: http://justfintech.com/amibroker-afl/
[11:45] r m : @Porus, there are only two, by Kaka-Milind, they are found all over the net 🙂
[11:45] Porus : ok thanks. Will check.
[11:46] r m : can mail you too, my email is rmsharma@gmail.com
[11:47] Porus : Hemant, v5.5
[11:47] Porus : Ok RM, if you can email on porusv@hotmail.com
[11:48] r m : OK
[11:53] r m : @Porus, sent
[11:54] Porus : RM, received.
[12:03] Tejpreet : Bulls defending IBL again in NF. Guess we need Shai back to make IBL go away 🙂
[12:05] Kathir : @tej one message from shai is enough 🙂
[12:08] Tejpreet : Eagerly waiting for it 🙂
[12:09] Kathir : 🙂 you want short or long
[12:09] Soumya : UPL is going crazy. Now at 536!
[12:09] Tejpreet : Am already 50 % short from 8420 …waiting for rest 50%.
[12:10] Kathir : ok
[12:12] Kathir : @today till now INR factor is not supporting shorts :)..
[12:12] Soumya : UPL is in some major uptrend it seems
[12:13] Tejpreet : I know but RR is good for shorts with sl at 8450.
[12:14] Kathir : ok i was about to ask you about SL.thanks Tej
[12:14] Tejpreet : day high plus small buffer.
[12:15] Kathir : ok
[12:15] Tejpreet : we are close to shai lvl of 18440 on bn .
[12:16] Tejpreet : (10:32) Shai :though I feel 18440 region is best to short again
[12:16] Kathir : SL few points above VAL for bnf ?
[12:17] Tejpreet : Could be but am scared of BN volatility 🙂
[12:18] Kathir : @tej morning i missed a great selling opp in BNF..should have shorted around 18560 70 with SL few above KRA..I was bit late to office 🙁
[12:19] Tejpreet : Maybe you get a chance now .
[12:19] Kathir : yeah waiting for shai’s confirmation
[12:20] Tejpreet : same here am tempted to add nifty shorts but no confirmation …best to wait.
[12:20] Kathir : ok
[12:23] RK : seems not a day to short until it confirms below IBL..
[12:24] r m : @RK, your HUL is doing well 🙂
[12:25] RK : RM it just started moving..they reduced lot size also..so only above 10 points is a good move now 🙂
[12:25] r m : 🙂
[12:25] RK : strange lot sizes we have..Asian and BPCL at same price but Asian lot size is reduced to 250 from 500 but BPCL remains at 500
[12:26] Tejpreet : Correct RK …no short now till below IBL but morning shorts can hold with sl at days high and reverse position above day highs.
[12:26] RK : Asain used to move between extremes good and 500 lot size was doing well..now tired of chasing it..same with HUL
[12:26] RK : Yes Tejpreet ..talking about fresh shorts only..
[12:27] RK : LT was doing good with 250 size and changed to 125
[12:27] r m : @RK, guess you should be happy with SEBI’s paper on increasing the contract size to 5-10 Lakhs 🙂
[12:27] r m : but you can always trade double lots na!
[12:27] RK : LT around 1600 price also wit 125 and Ultra with 3000 also with 125 size 🙂
[12:28] RK : RM will be happy but what about margin part 🙂
[12:28] Tejpreet : @ RK I must say your stock selection is good ..maybe becoz you track only stocks on your watchlist
[12:28] Tejpreet : Rather than follow stocks on news flow.
[12:28] r m : @RK, but with lot size margin aso halved I believe?
[12:29] RK : RM when position is increased it would affect your decision making..I can hold LT with 100 points drawdown with one lot but cant afford it with two lots 🙂
[12:29] r m : ok 🙂
[12:30] RK : Tejpreet, yes having a stock per sector and watch price action of only those..dont track news of these stocks as well as other stocks..
[12:31] RK : RM no detaiils about margin..lets see..after having this news, decided to postpone moving to Zerodha 🙂
[12:31] Tejpreet : That is the best way to day it …tough very difficult:)
[12:31] RK : Yes 🙂
[12:33] r m : @RK, margins are % of contract value so have to be halved when lot size is halved
[12:33] RK : oh you are talkiing about current reduction of lot size..yes yes..margin is reduced..
[12:33] RK : but still not comfy with going with multiple contracts..
[12:33] r m : ok
[12:35] RK : as you are aware, always go with diversification of position..so, in a way of this reduction helps to pick another stock from available margin..but you know,,have to wait little more for targets on monetary basis 🙂
[12:35] RK : *going
[12:36] RK : time for 80% trade?
[12:36] r m : @RK, must be very busy on a volatile day managing your basket full of chickens flying any which way 🙂
[12:37] Kathir : @RK no worries about lot size if you see MRF 125 @ 37000 now 🙂
[12:37] r m : lol
[12:38] RK : Kathir 🙂
[12:38] r m : guess the SEBI guys will fall in love with MRF 🙂
[12:38] RK : Rm till IBL is secured, chickens are safe 🙂
[12:39] r m : 🙂
[12:40] Kathir : @RM RK i bought and sold 8400 pe now it has come to my bought rate again..tempting
[12:40] r m : 🙂
[12:40] Kathir : better I play candy crush for sometime 🙂
[12:41] r m : never suspected that a mere PE could be a temptress 😀
[12:42] RK : 🙂
[12:43] RK : Kathir that CE has open high
[12:44] Tejpreet : 8400 PCR still hovering around 1 .
[12:44] r m : @RK, this one needs to be scanned too at 09:30
[12:44] r m : (09:53) Shai :should give 95% sucesss(09:53) Shai :If you are working on that O=H concept see if you can refine it as O= H abv PDH and trigger entery below PDH
[12:45] Vivek K : someones tvs is flying
[12:45] Sudhakar : ya vivek bought @224.85 on monday
[12:45] RK : yes RM..noted
[12:46] Tejpreet : shai lvl abv 222.3 makes it run.
[12:46] r m : so far CIPLA is returning from vwap
[12:47] RK : index is well under writers control and action is only in stocks
[12:48] Shai : Sell BNF here 18430 sl of 18490 tgt 18360
[12:50] Ashish : Shai, you are using value areas as 70% or somethinng else?
[12:52] Shai : 68.4%
[12:52] Shai : based on volume
[12:53] Shai : That AMI afl by kaka is good but if putting SL or tgts based on the value area in those afl’s please keep a small filter
[12:54] Tejpreet : Rm can you also mail me the AFL for AMI ,tejpreets@hotmail.com
[12:54] Shai : It’s nice that AMI is there – everyone should track MP charts
[12:54] Ashish : you got it right.. I was trying to match your value areas with AMI afl
[12:55] Shai : I have been woking with GDFL and Sierra charts to provide footprint charts
[12:55] Shai : that will be an affordable option for all
[12:55] Ashish : Wow, that will be huge for us
[12:55] Keshav : yes sierra is good too
[12:55] r m : great!
[12:55] Shai : some issues with the data of GDFL which Sierra is not happy about, but once they sort it out it should be fine
[12:56] Keshav : light
[12:56] r m : I did not know why GDFL guys sounded so optimistic, now I know 🙂
[12:56] Ashish : Yeah, shai is everywhere 😉
[12:57] Shai : yes they don’t admit it hence there is no breakthrough
[12:57] Vivek K : ‘shai’ning light everywhere
[12:57] r m : (*** Private to Tejpreet ) Sure Tejpreet
[12:57] Shai : but footprint will not work if data is not correct
[12:57] r m : yes, I know 🙁
[12:57] Shai : Sierra will be only 25$+ GDFL data everyone uses anyway
[12:58] Ashish : Thanks Shai for info..
[12:59] Dharamveer : Sierra is in talkswith neotrade for data
[12:59] Shai : Yes Sierra wants to come in
[13:00] Shai : They have tried esignal and GDFL so far
[13:00] Shai : big problem with esignal also but that is not a data issue but some internal arrangements about which esignal does not want to back down
[13:01] Shai : lol Vivek 🙂
[13:07] Shai : BNF sl
[13:07] Shai : exit
[13:22] Vivek K : ktkbank results tomorrow. profits for qtr would be 130-140crs, with npa below 3% and dividend of mostly 5 bucks. any worthwhile trade actionable in this shai sir?
[13:26] Vivek K : shai sir, sun pharma nearing 982 levels which was the gap level. cmp 976
[13:28] Shai : ktk I see a move abv 126.6 t 129/ 132
[13:28] Shai : 132.4 should be done is we close abv 126.7
[13:28] Pawandeep : @ shai market is going up but delta of last 7-8 candle is red ?
[13:29] Tejpreet : Shai any trade in Amtek auto based on MWPL currently 95 %
[13:29] Shai : Yes sun pharma good
[13:29] Shai : headed to 1010/ 1021
[13:30] Shai : Big selelr at 1021 which is the real test of the trend
[13:32] Venkatesan : 1325 delta is lookind odd compare to the numbers in b&s
[13:32] Shai : Amtek Momentum still up and no sign of weakness
[13:33] Shai : could finsih off near 164
[13:33] Shai : 166.6 is the sl if you want to short higher
[13:34] Shai : Buy NF at cmp sl of 8395 tgt 8438
[13:35] Tejpreet : Thanks for Amtek.
[13:35] Shai : Pawandeep these are passive buyers
[13:35] Shai : 12.45 onwards overall delta is green
[13:35] Tejpreet : Passive buyers means .
[13:36] Shai : limit orders
[13:36] Tejpreet : got it.
[13:36] Pawandeep : ok
[13:41] Shai : Buy BNF tgt 18585 sl 18470
[13:43] Shai : RK gt it right this morning
[13:43] Shai : he was looking at that dip to buy
[13:43] Shai : when that IB did not break there was an issue which the seller did not address at vwap
[13:45] Shai : 8438 zone still for the bull to take
[13:46] Kathir : @SHAI whats imdeitae trgt if nf breaks high now?
[13:46] Shai : 8463
[13:47] Kathir : ok
[13:47] Shai : but vwap bands is there suggest part booking at least
[13:47] Kathir : ok sure thanks
[13:52] Shai : see that 104350 vol that is a cover order for this : (09:55) Shai :roughly 5200 contracts
[13:53] Shai : likewise in BNF
[13:54] Shai : (09:55) Shai :8430 is a short in NF near highs
[13:54] Shai : Hold BNF at 18455 sl
[13:55] Shai : abv VAL is a rise to VAH on the 80% + chances of doing an FA at 18358 lows today
[13:58] Shai : NF did that 80%
[14:00] Tejpreet : Shai holding shorts at 8420 with sl around 8450 square off now or hold.
[14:01] Shai : still a supply zone of a higher TF
[14:01] Soumya : So it means nifty should touch VAL today ?
[14:01] Shai : try to square off on this dip
[14:01] Shai : we may attempt a higher 8470 spot n tom trade
[14:02] Tejpreet : ok will do that
[14:03] Shai : Soumya 80% here : http://vtrender.blogspot.in/2010/08/80-there.html
[14:04] Shai : sellers now
[14:07] Kathir : @shai a trip to vwap possible now NF?
[14:13] Soumya : Thank you shai
[14:14] Shai : Kathir very diff for me this zone hence I mentioed 8438 and 8390 for directional trading today in hypos
[14:14] Shai : very random here since yesterday
[14:14] Kathir : ok
[14:18] Vivek K : these are the days where pigs make fun of bulls and bears for a change
[14:18] Ashish : 🙂
[14:18] Rajat : what about bank nifty
[14:18] Rajat : and nifty
[14:19] Shai : BNf seller still holding up 18623 levels
[14:19] Shai : was exoecting a revisit ther but looks like not working
[14:20] Rajat : thns
[14:20] Rajat : thnks
[14:20] Dharamveer : BNF long hsall we hold with 18455
[14:21] Vivek K : shai sir, auro stilll good for 1450 with 1340 stop?
[14:22] Shai : Yes Dharamveer hold for now we will exit n this jump to 18520 near cost
[14:24] Shai : auro may finsih at the lows today
[14:25] Shai : defer buy to tom and d it abv 1360 only sl of 1328
[14:25] Shai : do*
[14:25] Vivek K : okie
[14:26] Shai : Try looking for an exit in BNF longs at 18510- 18520
[14:31] Varun : @shai what’s vwap?
[14:32] Shai : 8408
[14:34] RK : RM-2.30 and no signs..seems all energy is saved for tomorrow’s inventory control 🙂
[14:35] r m : yeah, I think Varun will get us a gap open tomorrow 🙂
[14:36] RK : gap and run is fine..but gap and dump and then run is enough now 🙂
[14:38] Hemant : Shai has the probability of breaking 8390 lessened?
[14:38] Hemant : NF
[14:38] r m : @RK, yeah, that too when dump and run happens in a single long 5 minute bar keeping out new entries!
[14:38] RK : true
[14:45] Shai : yes Hemant
[14:45] Shai : I feel one visit up the down
[14:46] Shai : eueing 8470- 8510 spot vwap of last series for a test and close the issue for June
[14:46] Shai : we are beraish for June if that is not taken down
[14:46] Shai : eyeing*
[14:47] Shai : even MO is about 50 so not much big upside left in the market
[14:48] Shai : roughy 8510 F remains open for tom based on today volumes
[14:48] Shai : 8501- 8510 F
[14:52] Tejpreet : Does that mean around 8500 go short in june series.
[14:52] Shai : with price confirmation yes
[14:52] Varun : shai u have a nice lvn rejection chance at 8534 with sar
[14:52] Shai : the seller will have to work on the lower levels even if he comes abv
[14:53] Varun : abpve it
[14:53] Tejpreet : Price confirmation will come from you at right lvls 🙂
[14:53] Shai : Varun one upmove pending tom to probe up I feel
[14:53] Shai : Sure Tejpreet
[14:54] Shai : today is inside
[14:55] RK : 8534 would be hatrick Shai after 8345 and 8437 hits
[14:55] Shai : BNF also mostly inside
[14:55] Tejpreet : Is it possible for a gap down tomorrow as bulls are unable to close above 8450 in past 2 days.
[14:56] RK : inside with less than 1% range always have good followup session
[14:56] RK : Tejpret half glass..bears cant go below 8390
[14:56] Shai : If there is a gap down chances are bigger it may fill
[14:56] Shai : what the bear needs is a stronger open drive more bigger than today
[14:56] Tejpreet : out of shorts now in this dip .
[14:57] Shai : value has gone sideways today so chances of drive down cannot be ruled out completely
[14:57] Shai : though I’ll like to see it below 8385 to be certain
[15:01] Kathir : overall delta in NF is – 2410050
[15:01] Kathir : * -240000
[15:07] Pawandeep : SBI results 2marow?
[15:07] Venkatesan : shai nf in discount again
[15:08] Venkatesan : kathir 240000 figure where is located
[15:09] Kathir : In Delta chart left bottom – or the first row total
[15:09] Kathir : nifty k5, delta ,max ,min right
[15:11] Venkatesan : yes got it , thank u
[15:11] Venkatesan : kathir this is nothing to do with OI change, am i correct?
[15:11] Kathir : welcome
[15:12] Kathir : @venkat which city you are in?
[15:12] Venkatesan : trichy
[15:12] Tejpreet : @who all are in Pune in this chat room.
[15:12] Kathir : oh is it…Another TN guy
[15:13] Venkatesan : i guess there are 4 to 5 tams
[15:13] Kathir : @Tej you have the big fish SHAI in pune 🙂
[15:13] Tejpreet : I know am looking for small ones 🙂
[15:13] Kathir : lol
[15:14] Venkatesan : and about u kathir>
[15:14] Kathir : @venk yeah 5 or 6 here..but all diff cities 🙂 Rav and keshav chennai and RK is very near to you Karur
[15:15] Venkatesan : nice
[15:16] r m : room taken over by Madrasis 🙂
[15:16] Venkatesan : 😉
[15:16] Hemant : 🙂
[15:17] RK : Kathir all TN Shai fan club should meet one day 🙂
[15:17] Porus : Shai, how do you read it if both nf, bnf close below VAL?
[15:18] Soumya : Auro near day’s low
[15:18] Soumya : Excellent shai
[15:19] Kathir : @RK sure I am ready
[15:19] r m : @RK, let Amma not hear about it, she’ll ban the club 🙂
[15:19] Hemant : lol @RM
[15:19] Shai : Pors longs abv 8435 + filter tom tgt 8505
[15:19] RK : Rm Amma in silent mode now 🙂
[15:19] Shai : Porus*
[15:19] Kathir : @RM lol
[15:20] r m : @RK, doing penance for being caught out? 🙂
[15:20] RK : She is resuming on 23rd..somebody told her to remain silent till then 🙂
[15:20] Kathir : @venk i studied my collge at trichy St,josephs 🙂
[15:20] Porus : and bnf above 18570?
[15:21] Shai : Soumya 🙂
[15:21] RK : Shai chances for 330 levels in Tatasteel with today’s action?
[15:21] RK : or 335
[15:22] Kathir : bnf should be above 18628 I guess porus
[15:22] Venkatesan : nice kathir, u didnt tell where r u now
[15:22] Kathir : 🙂 coimbatore
[15:22] Porus : Thanks Kathir
[15:22] Venkatesan : vgood
[15:22] r m : @Kathir, I was about to answer on your behalf 🙂
[15:23] Porus : Shai, considering today’s price action, has bnf strengthened over y’day?
[15:23] Kathir : @thanks RM sir 🙂
[15:23] Shai : yes tata steel 331 possib;e
[15:24] RK : thanks Shai.
[15:24] Shai : Not Much Porus but less negative than yesterday
[15:24] Kathir : @RM SBI results tomorrow ?
[15:24] Porus : ok.
[15:24] Shai : I still feel a test above near 18600 is better from here to check business
[15:24] r m : yes Kathir
[15:25] Kathir : ok thanks
[15:25] Shai : that long view just did not work out in BNF though we held 18440 on day
[15:26] Shai : Balanced profile in NF
[15:27] Vivek K : pretty abnormal to have 3 normal days
[15:27] Shai : yes
[15:28] Shai : they are very rare
[15:28] Shai : we normally get to see 1 in a month of trade
[15:28] Vivek K : so this could end up getting more ugly in terms of violent moves?
[15:28] Tejpreet : explosive move round the corner
[15:29] Shai : Not violent but a directional high cnviction move
[15:29] Venkatesan : thank you shai, rm and friends
[15:29] Kathir : @RK Venkat pls note my email ID and send me a confirmation mail – ekathir@gmail.com
[15:30] Shai : Bye all
[15:30] Shai : Have a good evening
[15:30] Shai : catch up tom
[15:30] Ashish : Bye all
[15:30] Tejpreet : Bye all.
[15:30] Venkatesan : yes thank u kathir
[15:30] Sudhakar : bye all
[15:30] Pawandeep : GB ALL
[15:30] r m : Bye folks, have a great evening 🙂
[15:30] RK : Kathir..you have my id..
[15:30] RK : thanks and bye all
[15:31] Porus : bye all
[15:36] Kathir : Thanks and bye all