Orderflow charts and Notes 26/11

Bnf_Of_10 Bnf_Vol_At_Price_1 Nf_Of_10 Nf_Vol_At_Price_1

 

 

Get Image Orderflow Charts And Notes 26/11

General Chat Transcript

 

Room Name: Vtrender
Date and Time: November 26, 2014 09:24:06

[08:54]   r m : Good Morning folks!
[08:54]   r m : http://vtrender.com/levels-and-plan-for-2611/
[08:54]   r m : http://vtrender.com/premium/orderflow-charts-and-notes-2511/
[08:55]   Porus : GM all
[08:55]   r m : NF Hypo1 Below 8433➜8403➜8392 SL8451 Hypo2 Above 8483➜8505➜8540 SL below 8470 NOV Fut levels
[08:56]   r m : BNF Hypo1 Below 18110➜18015➜17941 SL 18138 Hypo2 Above 18145➜18201➜18270 SL 18115 NOV Fut levels
[08:58]   Sharad : GM all
[09:10]   Ravi V P : GM to you all
[09:13]   Shai : GM all
[09:16]   r m : Banknifty at lows of Hypo1 in opening ticks!
[09:17]   Ravi V P : no charts
[09:17]   Porus : Are the charts up? Cant see them.
[09:17]   Sumit : gm everyone
[09:17]   Shai : Charts up in a min
[09:27]   Shai : BNF has opened away from range and value
[09:33]   Sharad : NF volume till now 12 lacs …while OI November future reduced from yesterday is 20 lacs .. how ?
[09:34]   r m : shorts and longs both covering will result in such a situation
[09:34]   Sharad : ok Thanks RM
[09:35]   r m : perhaps caused by rollovers to DEC
[09:35]   r m : welcome
[09:35]   Sharad : in last 3 days November OI reduced by 1 crore
[09:35]   r m : yes
[09:35]   Sharad : something big happening
[09:36]   Sharad : don’t know what
[09:36]   Ravi V P : BN 18100-17900 PE writers started covering since yeaterday afternoon
[09:38]   r m : NF daily OI chart http://screencast.com/t/QakX779qxR7
[09:39]   Sharad : Near month is december right
[09:39]   r m : near is nov, far is dec + jan in this chart
[09:40]   Sharad : ok
[09:40]   r m : general usage is near for current month and next and far for the coming months
[09:41]   Sharad : ok good
[09:42]   Sharad : in my chart Nifty Near is December 8520
[09:42]   r m : ok
[09:42]   Sharad : and Active future is November
[09:42]   Sharad : far is January
[09:43]   r m : ok, guess I borrowed the usage from some ancient website 🙂
[09:43]   Sharad : its ok
[09:44]   r m : gap filled in both
[09:46]   Shai : BNF can do 18092 abv 18031
[09:46]   Shai : sl of 18005
[09:46]   Shai : looks like an OPen rejection reverse
[09:46]   Shai : NF buyers from yesterday at 8437 holding steady
[09:47]   Shai : 17940 and 17970 are the ref areas for the BNF on the lower side today
[09:47]   Shai : If 17940 breaks again then we can go as low as 17740 by tom
[09:48]   Sharad : and if does not break how high can go back
[09:48]   Shai : upto 18135
[09:48]   Sharad : ok
[09:51]   Amit J : GM
[09:54]   Shai : NF auction has to stay abv 8468 fr next 2 hours
[09:54]   Shai : then shorts will look to close and we can see 8498-8505
[09:54]   Shai : all clear abv 8505 for the bulls
[09:55]   Sharad : Shai then take it to new high…
[09:55]   Shai : Sharad long liquidation seen yesterday
[09:55]   Shai : so new highs may be diff
[09:56]   Shai : for this series +2 days
[09:56]   Sharad : just dreaming even 8505 is also ok
[09:57]   Shai : 🙂
[09:59]   Ravi V P : 8400pe writers twice than 8500 ce writers now unlike yestarday
[10:16]   Shai : 8400 pe believeing in that low established yesterday- http://screencast.com/t/tj8XZeh7UDf
[10:16]   Shai : but could also mean 8400- 8500 range for the rest of this expiry
[10:17]   Shai : ) Pull back low was 8473 for the trend day
[10:17]   Ravi V P : Max pain is at8450
[10:17]   Shai : Pull back high actually
[10:17]   Shai : ) Pull back high was 18093 and is res short term
[10:18]   Sharad : 2767 lot tick buy
[10:18]   Shai : the day after trend day those pull back levels are parameters to test the trend day strength or otherwise
[10:27]   Shai : Nf getting buyers at vwap
[10:28]   Shai : we will take that long trade abv 8474 instead of 8483 for 8505 sl of 8460
[10:29]   Shai : BNF at vwap and in between that 940- 970 supp
[10:56]   Shai : so close to expiry and vix is at series lows
[10:58]   Kathir : Good Morning Shai RM and all friends
[10:59]   r m : Hi Kathir
[11:00]   Janak : nice setup for a W till 18080
[11:01]   Janak : atleast vwap is on and also the DPOC?
[11:01]   Shai : 17940 to 17980 long trade in BNF with sl of 17903
[11:15]   Kathir : @SHARAD dlf cash low shows 136.5..is it traded
[11:17]   Shai : dlf is giving nighmares to both bulls and bears this expiry
[11:18]   Kathir : 🙂
[11:18]   Shai : 17940 cross needed for a 40 point long bnf
[11:19]   Kathir : it is very good for pe and ce writers at same time
[11:19]   Kathir : 09:47 Shai : If 17940 breaks again then we can go as low as 17740 by tom
[11:20]   Kathir : @shai for this view what SL?
[11:25]   Sharad : Kathir i have only futures data
[11:27]   Shai : Take the view below day low now with stop of vwap
[11:27]   Kathir : ok thanks
[11:28]   Kathir : sharad ok
[11:29]   Ravi V P : change in OI of 18000 pe and 18100 ce is 1:3
[11:29]   Kathir : sharad do you have options data
[11:29]   Sharad : yes
[11:30]   Kathir : pls check whether the high of dlf 140 pe 4.95 traded or not?
[11:30]   Ravi V P : Sorry18000ce:17800pe is 3:1
[11:32]   Sharad : yes 60
[11:33]   Kathir : 60 lots?
[11:33]   Sharad : wait that was 1 min data
[11:34]   Kathir : ok
[11:34]   Sharad : 6 lots total 5 ticks
[11:35]   Kathir : ok thanks sharad
[11:35]   Sharad : welcome
[11:36]   Kathir : ranbaxy seems to be taking supp in this range for a while
[11:36]   Sharad : yes god knows what expiry it planning
[11:37]   Kathir : above 32-33 it may get short covering as shai mentioned
[11:37]   Sharad : range is 610 to 627 right now
[11:38]   Kathir : ok
[11:38]   r m : delta is increasing at lows for NF, looks like aggressive buying at lows
[11:39]   Sharad : RM only buying no price push up…LOL
[11:39]   Sharad : let it cross 8475 then only somthing big expected
[11:39]   Kathir : @sharad aggressive means RM default
[11:40]   Sharad : ok
[11:42]   r m : @Kathir 🙂
[11:43]   r m : actually aggresive for me means delta, now pink and green is green, means pasive joined the chorus 🙂
[11:43]   Kathir : @rm ok. what is your view on setlmnt close range based on data’s
[11:44]   r m : but below vwap all in vain
[11:44]   Kathir : just 3 points more no worries
[11:44]   r m : @Kathir, I am the most viewless person you will ever meet 😀
[11:45]   Kathir : lol
[11:45]   Kathir : looks like easy for bnf upto 18000
[11:57]   r m : I forgot that there was this Shai-rekha too!
[11:58]   Kathir : where it is ge
[11:58]   Shai : 17982
[11:58]   r m : oops, that red line is OPEN price 😀
[11:59]   r m : for NF
[11:59]   Kathir : shai rekha is thick red line
[11:59]   r m : yeah, visual error 😀
[11:59]   Shai : Years back when I traded ES the unwritten rule was that before thanksgiving bears and bulls kept the market up
[12:00]   Shai : that was the mutual agreement just like diwali day here
[12:00]   Kathir : oh ok
[12:00]   Kathir : when is thanksgiving
[12:01]   Shai : thurs
[12:01]   Shai : 4th thurs always of NOv
[12:01]   Kathir : ok
[12:01]   r m : our expiry their thanksgiving 🙂
[12:01]   Kathir : ours is unlimited no thanksgiving and all
[12:01]   Shai : So we will expect ES to stay up
[12:02]   Kathir : @shai is it possible for nf to close betwn 8560-580 tomrw setlmnt close?
[12:03]   Shai : For the info of our team here (and before you here about it anyplace else) I will be speaking at a traders conference in May next year on Market Profile
[12:03]   r m : Great!
[12:03]   Kathir : wow
[12:03]   Kathir : which place shai -pune
[12:03]   Shai : Details still in the planning stage but will update on email soon
[12:04]   Shai : Kathir venue in Mumbai
[12:04]   Kathir : ok please update =possible ii will come and participate – not speach
[12:04]   Shai : and it is a traders conference been done for the past 3 years now
[12:05]   Kathir : is it open to all or only for initations
[12:05]   Kathir : invite
[12:05]   Shai : open to all
[12:06]   Kathir : ok shai please let us know once the program is fixed
[12:06]   Kathir : @rm i have never been to mumbai
[12:06]   Shai : It’s more of a retreat – costs involved are lodging
[12:07]   Shai : will get details and update
[12:07]   Kathir : ok sure
[12:07]   Kathir : person new to mumbai without hindi knowledge will be difficult right? to travel etc
[12:07]   r m : @Kathir, I have been there but in middle ages when one could actualy get a seat in local trains in non-peak hours 🙂
[12:07]   r m : 1990
[12:08]   Kathir : oh 🙂
[12:08]   Kathir : how far is mumbai to you DD
[12:08]   r m : Mumbai is easy, very few roads so no confusion about direction 🙂
[12:09]   Kathir : but i should know which direction i have to go
[12:09]   r m : I was in Delhi those days, 15 hours by Rajdhani and 2.5 hours by flight
[12:09]   Kathir : ok
[12:10]   r m : I used to get free air tickets 🙂
[12:10]   Kathir : oh great you worked for Indian airlines right?
[12:10]   r m : yes, now extinct!
[12:11]   Kathir : now news i read lots of IA pilots resighning
[12:12]   r m : they get better offers from private airines who don’t have training facilities, too costly to train a pilot, much cheaper to poach 🙂
[12:13]   Porus : Shai, NF been below 8468 for a little more than 2 hrs. Are we yet to see short covering , or now will not happen?
[12:14]   Shai : Porus fairly neutral
[12:14]   Shai : buyers at lows seen yesterday and today
[12:14]   Shai : But sellers from yesterday still holding up the level abv
[12:14]   Kathir : premium has come to just 7 or 8 points in NF
[12:15]   Kathir : @RM in india all private airlines are in bad condition right ecept one or two?
[12:15]   Kathir : ecept
[12:15]   Kathir : except
[12:16]   r m : I think Indigo is run professionally
[12:16]   r m : other are family business mostly
[12:16]   Kathir : yeah no news for them
[12:16]   Kathir : ok
[12:17]   r m : So like all family business in India they just suck the shareholder dry 🙂
[12:17]   Assortz : @rm bby always a close to heart place 🙂
[12:17]   Kathir : true 🙂
[12:17]   Assortz : Hi Kathir..lets see if we can make it in May
[12:18]   r m : @Assortz, yes man being a half home for you 🙂
[12:18]   Assortz : but I love to fly to Pune rather than bby..@shai 🙂
[12:18]   Kathir : HI man
[12:18]   Kathir : @assortz – you mean we go to mumbai this MAY
[12:18]   Assortz : its a long due to visit pune for some other reason
[12:19]   Assortz : Kathir lets try..:)
[12:19]   Kathir : it will be usefull if we go to shai’s meeting
[12:19]   Shai : Assortz don’t forget to call me when here 🙂
[12:20]   Assortz : of course Shai 🙂
[12:21]   Kathir : @shai only person i know in pune is you 🙂
[12:21]   Shai : 🙂
[12:21]   r m : 🙂
[12:22]   Kathir : better shai upload his photo in VT website so that we all know who is shai
[12:23]   Shai : 🙂
[12:23]   r m : 😀
[12:24]   Shai : so far a normal day
[12:24]   Shai : range extension definitely possible
[12:25]   Shai : If keeping triggers for buy abv’s the upward move can spike up
[12:25]   Kathir : @shai is it possible for nf to close betwn 8560-580 tomrw setlmnt close?
[12:25]   Shai : so ensure sufficent play between limit and mkt
[12:26]   Shai : Kathir looking like 8473-8505 now
[12:26]   Kathir : OK
[12:32]   Assortz : (12:25) Shai :If keeping triggers for buy abv’s the upward move can spike up/@Shai I don’t get it
[12:33]   Shai : diff between trigger and market price for trigger
[12:34]   Assortz : oh ok
[12:43]   Janak : (12:03) Shai :For the info of our team here (and before you here about it anyplace else) I will be speaking at a traders conference in May next year on Market Profile
[12:44]   r m : agressive buyers checking out in NF?
[12:44]   Janak : shai we wish to hear you here daily for 30 min for a spoon-fed trade entry/exit 🙂
[12:44]   Janak : yeah rm delta going down but still it is huge man 274 vs -3 in bn
[12:45]   r m : @Janak, spoon feeding at midnight http://vtrender.com/levels-and-plan-for-2611/
[12:45]   r m : 🙂
[12:45]   Janak : that is non-verbal – we want shai to speak – 125 cr members of MP ;-
[12:46]   r m : DEC delta is on the other side, maybe rollovers in progress
[12:46]   Kathir : 125 cr almost full of indian population
[12:47]   r m : Yeah, Janak wants Shai to take over from Modi when he retires 🙂
[12:47]   Kathir : another 10 years wait
[12:48]   Janak : RM shai will give his speech in a five-star hotel of some hill-station – will not he need two assistants? ::
[12:48]   r m : one is already preparing the charts and printouts 😀
[12:48]   Janak : lol
[12:48]   Kathir : 🙂
[12:48]   Kathir : lol
[12:49]   Janak : looks like 18015 on
[12:49]   Kathir : may be there will be competition for the onter one
[12:49]   Kathir : other
[12:50]   Kathir : pink in bnf
[12:50]   Janak : yeah kathir – sha told me that apart from me he needs two more ass. so comp. on for the other one now ;
[12:51]   Janak : i will be his PR meeting beautiful women discussing OAIR etc. over a pint of guiness
[12:51]   Kathir : then let me try ..will shai accept recommendations from politicians
[12:51]   Kathir : lol
[12:52]   Kathir : beautifull women discussing OAIR ? confusing
[12:52]   Janak : Outdoor And Indoor Romance ;;
[12:52]   Kathir : only their husband or boy friends needs to discuss al those stuffs..they want only pay out
[12:52]   Kathir : lol
[12:53]   r m : 🙂
[12:53]   Kathir : @RM janaks defenition for OAIR? new to shai also
[12:54]   r m : I often wonder how Janak can trade these charts, no curves here, only angles 🙂
[12:54]   Janak : ha ha ha
[12:54]   Kathir : 🙂
[12:54]   Amit J : shai great to hear about conference. will definetely attend. Our group can have a get together in mumbai.
[12:55]   Kathir : yeah Amit in mumbai right.
[12:55]   Shai : surely 🙂
[12:59]   Shai : 8465
[13:03]   r m : Shai-rekha cometh!
[13:03]   Kathir : yeah
[13:04]   Shai : icici spilts on 5th dec an pnb on 19th dec- just info for chartists
[13:07]   Assortz : Shai, 8490 plays any role today for resistance?
[13:07]   Shai : 8486 maybe
[13:08]   Sharad : if 8486 crossed then straight to 8540 ??
[13:08]   Assortz : IB high cleared and looking forward 8486
[13:08]   Shai : No 8505 sill there- scene of the crime
[13:08]   Assortz : 8505 FA 🙂
[13:08]   r m : yesterday’s vwap in NF reached
[13:08]   Sharad : 8484
[13:09]   Shai : hard stops at 8467- vwap band not impressed
[13:09]   Shai : If you are not in longs – don’t chase price here
[13:10]   Sharad : 8500 CE writers not bugging at all
[13:12]   Janak : that is bearish?
[13:14]   Shai : Buyers need to add up quickly 8476
[13:14]   Janak : green of is too strong to be flat
[13:14]   Shai : overall volumes not there for the break up wards
[13:16]   Janak : positive is nf delta – superstrong
[13:17]   Shai : HOS stock view : Manaksia (makers of Mortin ) going for demerger- price tgt is 150 about 20% up by 4th dec cmp is 128 now
[13:18]   Chiranthan : what is HOS?
[13:19]   Shai : heard on street
[13:22]   Janak : http://www.thebetterindia.com/16571/my-story-honest-man-lottery-ticket-seller-sudhakaran-kerala/
[13:23]   Janak : 8505/18080 loos safer now?
[13:23]   Janak : looks
[13:28]   Shai : vwapp band slowly expanding
[13:29]   Shai : 8467 should hold now into close
[13:29]   Shai : tgt 8505
[13:29]   Janak : shai can book part around 8486 or hold till 8505?
[13:29]   Shai : can go to 8499/ 8505
[13:29]   Sharad : Shai if 8505 not crossed then how low again we can go till expiry
[13:29]   Janak : and the queen?
[13:30]   Sharad : 8498
[13:30]   Shai : Sharad view was that we established a low at 8437 yesterday
[13:30]   Janak : holy…..had kept book-orders betn 18050-60 – in one tick booked::
[13:31]   Janak : that spike went to 18092???
[13:31]   Shai : 18076- 18110 -18135
[13:32]   Sharad : 8501 … not seen on chart
[13:32]   Sharad : 7000 lots 2 ticks
[13:32]   Sharad : buying
[13:33]   Janak : (13:29) Shai :can go to 8499/ 8505
[13:33]   Janak : brilliant shai
[13:33]   Sharad : 8502.70
[13:33]   Shai : sellers in a corner
[13:35]   Shai : Book longs and put new trigger abv 8509
[13:35]   Sharad : sold @ 24
[13:36]   Sharad : 8500 Ce from 13
[13:36]   Shai : Force of the move will be bigger if 8506 crssed
[13:36]   Shai : But for now retest 8486
[13:38]   Sharad : 8500 CE 10 lacs reduced
[13:40]   Janak : queens comes alive!
[13:40]   Janak : queen
[13:40]   Shai : 18135 cross is 18205- (13:31) Shai :18076- 18110 -18135
[13:41]   Janak : 200 up from day low
[13:41]   Sharad : 8504.75
[13:42]   Shai : can do from 145 as hypo2 : Hypo2) IF BNF auctions above 18145 then can ht 18201 and 18270 again. Sl for this view is 18115.
[13:44]   Shai : Nf down to 8486 and then back abv 8505 will be better for structure
[13:44]   Sharad : As you say my Aka … says NF
[13:45]   Shai : but then if shorts panic 8550 can happen quickly
[13:45]   Sharad : 8550 wow…
[13:46]   r m : @Sharad, lol, So Shai’s MP is the “Alladin ka chiraag” 🙂
[13:46]   Sharad : yes
[13:46]   Janak : 2ib is 180?
[13:47]   Shai : lol – just verbalising my thoughts
[13:47]   Sharad : keep it up shai..
[13:47]   r m : yes Janak, IBH + range 139
[13:47]   r m : IB range
[13:48]   Sharad : Rel Capital and DLF dancing very much
[13:54]   Janak : spike to 140!
[13:54]   Shai : NF will give 8540/ 60 abv 8509
[13:54]   Shai : that can be taken with sl of 8497
[13:55]   Shai : Not a great trade but a good risk reward
[13:55]   Janak : clever play by bulls to encash on cheap ces
[13:56]   Kathir : 8400 ce 58 to 107 almost doubled
[13:57]   Shai : 8512
[13:58]   Shai : Not cmofy with the new long with vwap band here but 8497 is a good stop
[14:03]   Porus : Shai SL for this view – 13:40 Shai : 18135 cross is 1820
[14:04]   Shai : 18110\
[14:05]   Shai : can’t risk a lot as it has moved up 240 from lows already
[14:05]   Janak : 2ib still might be a safe bet shai as nf has done it?
[14:07]   Janak : or last WKH – 18161
[14:08]   Shai : yes both have stopped below last wk highs
[14:09]   Shai : till we stay abv those 2 red lines 8500 and 18114 it’s not a worry for longs
[14:15]   Sharad : DLF 151
[14:16]   Shai : NF / BNF out of longs
[14:16]   Shai : watch at 18046/ 8486
[14:17]   Amit J : shai your view on dlf please
[14:19]   Sharad : 153
[14:20]   Kathir : @SHARAD dlf 150 ce low 15 paise now 5 rs 🙂 osmebody made big money
[14:21]   Sharad : yes
[14:21]   Sharad : because of expiry very volatile …people are short huge
[14:22]   Sharad : and some anlyst said it may double from 130-140
[14:22]   Shai : Yes I agree avoid dlf moving on OI now
[14:22]   Kathir : yeah still short covering not yet come i guess
[14:23]   Sharad : i will trade after expiry in DLF
[14:23]   Shai : same view 152- 155 res cross can be 164- 171
[14:23]   Kathir : ok
[14:25]   Shai : DLF OI- http://screencast.com/t/j6nGtsGM5jZD
[14:25]   Shai : intra players + short coverng
[14:28]   Shai : 8500 ce down 51K
[14:29]   Sharad : thats peanut Shai.. still 60 lacs OI
[14:29]   Sharad : 72 lac in afternoon at low
[14:29]   Shai : yes about 22 L added yesterday
[14:30]   Ravi V P : But 8400PE OI is 72.90 lacs at 3.60
[14:30]   Sharad : ravi 8400 not in picture at all
[14:30]   Sharad : Game is at 8500
[14:31]   Janak : VWP/DPOC are far behind
[14:31]   Janak : below
[14:31]   Sharad : NF OI is still 1.15 crore thats huge i think
[14:32]   Ravi V P : Max pain is at 8450-8475
[14:33]   Sharad : Ravi FII bot from day one in this expiry so they see their benefite not max pain
[14:34]   Kathir : sharad whats last setlmnt close price NF and bnf
[14:34]   Shai : weekly OI change – slightly bigger TF into expiry tom- http://screencast.com/t/g3weBmesR3
[14:34]   Ravi V P : They have written options
[14:34]   Shai : suggests 8500 ce under pressure tom
[14:34]   Chiranthan : 8450 pe a good buy?
[14:36]   Shai : No
[14:36]   Shai : not here
[14:37]   Shai : 8500 ce written between 31- 11 with vwap of 17 : http://screencast.com/t/xOKFwaSf0l
[14:37]   Ravi V P : Change in OI 8550ce 279075 8450pe 1578600
[14:37]   Kathir : chiranthan wait for tomorw
[14:38]   Sharad : Shai can we go above 8540 tomorrow ?
[14:38]   Sharad : if we hold 8486
[14:39]   Kathir : @sharad sgx traded 8570 and 8400 yest ..either one is possible ? your view
[14:40]   Sharad : i bot CE so obviously 8570
[14:40]   Kathir : ok 🙂 is it possible to take this weeks high low for sgx nift
[14:40]   Shai : Sharad upto 8540- 8558 acc to me max upside
[14:41]   Sharad : Shai i want that only 8558… if comes great
[14:41]   Kathir : @shai dlf 155 big resi ?
[14:41]   Amit J : dlf 136 low and now 154. what a move
[14:41]   Sharad : so i will hold CE till 8558 tomorrow
[14:43]   Sharad : or 8486.. whichever earlier
[14:43]   Shai : Yes Amit
[14:44]   Shai : I think Anay here was looking at longs around 141 yesterday
[14:46]   Shai : Yes sellers should use dips to 8486 to cover shorts
[14:46]   Sharad : some one messaging DLF 162-63 tomorrow
[14:48]   Shai : 156 cash to 151 down first
[14:49]   Sharad : i am not trading… after wxpiry
[14:49]   Shai : 163 possible abv 157 by friday
[14:51]   Chiranthan : nf a buy now?
[14:54]   Kathir : chiranthan intraday?
[14:54]   Chiranthan : yes
[14:54]   Shai : buy abv 8486 only with sl of 73
[14:54]   Kathir : betetr to avoid intrday trade now
[14:55]   Chiranthan : ok kathir
[14:55]   Shai : and tom – movement is based on OI now not technical
[14:55]   Kathir : @shai markets moving towards lows?
[14:56]   Shai : no vwap should hold
[14:56]   Shai : 8473 supp
[14:56]   Kathir : @sharad any views on rollover percentage? no algo’s yet
[14:57]   Kathir : ok shai vwap also near to 73
[15:02]   Kathir : @shai will that red line (shai rekha move automatically intrday basis)?
[15:02]   Shai : yes it moves a bit depending on vols at that level but not major
[15:02]   Kathir : ok thanks
[15:04]   Chiranthan : what is the red line at 8469?
[15:05]   Shai : It’s a ref line based on previous activity in the region
[15:05]   Shai : can take it from hypos
[15:06]   Shai : like day before was 8471 toay 8473 and mentioned long abv 8474 toay
[15:06]   Chiranthan : ok
[15:07]   Shai : not abs moves around by 5 ponts
[15:09]   Amit J : http://in.reuters.com/article/2014/11/26/india-economy-breakingviews-idINL3N0TF2VN20141126
[15:13]   r m : Thanks Amit!
[15:18]   Kathir : thanks amit
[15:22]   Porus : shai, is the nf expiry range now clear?
[15:22]   Shai : Yes Porus : (12:26) Shai :Kathir looking like 8473-8505 now
[15:23]   Shai : extensions possible to 8540 and 8437 in last 45 mns
[15:23]   Shai : can’t be rigid
[15:25]   Porus : How will next months opening price be influenced by this range, if at all?
[15:26]   Kathir : @shai VIX chas come up from lows
[15:27]   Shai : Porus gen market particpants will wait our RBI now on dec 2 before taking positions
[15:27]   Shai : expecting a quiet fri and mon in the lead up
[15:27]   Shai : Kathir vix should start moving up till tues- same reasoning
[15:27]   Kathir : ok
[15:28]   Shai : this vix at 13 is now refelcting dec options not nov
[15:28]   Kathir : oh ok
[15:28]   Shai : so once RBI is out is indicative of a low volatility range for dec
[15:29]   Kathir : @shai what abt IT index from here
[15:29]   Kathir : 11775
[15:30]   Shai : 11770 now 11650 more likely
[15:30]   Kathir : ok
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice eve
[15:31]   Porus : bye
[15:31]   Kathir : Thanks and bye all..have a great expiry tomrw///