General Chat Transcript
Room Name: Vtrender
Date and Time: August 13, 2014 09:18:57
[08:59] Shai : Gm all
[09:00] r m : Good Morning folks!
[09:01] Shai : Gm Rm
[09:01] r m : Hi Shai
[09:01] Shai : Is it possible for you to post the Hypo link here?
[09:02] r m : sure
[09:02] r m : http://vtrender.com/levels-and-plan-for-13th-aug/
[09:03] Shai : Thanks
[09:03] r m : welcome
[09:05] Kathir : Hi Shai RM ge all
[09:05] r m : Hi Kathir
[09:06] r m : CPI was up yesterday at 7.96% and IIP was down to 3.4%
[09:06] Shai : sgx projecting a gap down
[09:07] Shai : 7726 is 1st supp to hold and then 7698 revisit
[09:07] Shai : yes IIP not good and some people did not buy that move up yesterday
[09:08] Shai : we just have to see if they come back today or sellers get more aggressive
[09:08] Shai : could be inside range today
[09:08] Shai : 7698- 7726- 7755
[09:11] r m : consumer goods declined 10% YoY and consumer durables declined 23% YoY
[09:11] r m : electricity output up 15.7% YoY
[09:13] r m : ONGC, GMR Infra, Tata Steel results today
[09:13] Kathir : @RM thanks for the info
[09:14] r m : welcome Jee 🙂
[09:15] Shai : shorts from overnight take part profits neat 7726-30 and leave bal at cost +3
[09:18] Shai : BNF at an imp zone 15050
[09:19] Shai : dips to 14980 are buys in BNF with sl below 14925
[09:19] Shai : tgt remains 15180
[09:19] r m : ok, thanks
[09:22] Kathir : @Shai i have long bnf bought yest..what Sl now?
[09:25] Shai : 15020
[09:25] Kathir : ok thanks
[09:26] Kathir : @RM actually i was trying something to check the margins and forget to cancell the buy order which got executed @ 15000..thank god no big loss 🙂
[09:27] r m : sometimes mistakes turn out to be big plus too, hope that happens in your case 🙂
[09:29] Kathir : yes ge 🙂 but need to be carefull..it may give big loss also
[09:30] r m : true
[09:31] Kathir : i came to know this position after market hours only.otherwise i had booked a nice profit 🙂 at 15120-30 levels
[09:35] r m : yeah
[09:36] r m : I have made a habit of checking net positions around 15:15 just to avoid this type of bloomers
[09:38] Shai : yesterday NF was neutral extreme
[09:38] Shai : so far this morniong no move abv pdh
[09:39] Shai : OF also does not show the same buying as of yesterday
[09:39] Shai : so test is due of the 7690-98 level
[09:39] Shai : but price confirmation is below the 7726 zone
[09:39] Shai : for new intra shorts
[09:40] Kathir : @RM yeah good habbit..i will follow this from today
[09:57] r m : breaking out
[10:05] Kathir : No changes in bnf vah val?
[10:05] Kathir : NF also
[10:05] Shai : Hypo 2 tgt of 7811 in play
[10:06] Shai : sl 7750 now
[10:06] Shai : vwap expanding
[10:08] Shai : can buy abv 7784 also with sl of 7772
[10:08] Shai : for 7811
[10:08] Kathir : Shai no changes in vah val?
[10:09] r m : @Kathir , VAH is around 15045 in BNF, guess not reflecting in box
[10:10] Kathir : ok
[10:11] Kathir : whats the VAL price?
[10:11] Kathir : bnf
[10:11] Shai : 15045- 14886
[10:12] Shai : 7689- 7671
[10:12] Shai : NF spiked in close
[10:12] Kathir : thanks
[10:12] Shai : Overnight shorts stopped out
[10:12] r m : @Shai, is a drop to PDH buy in NF?
[10:13] Shai : yes
[10:13] r m : Thanks
[10:13] Shai : small sl of 7745
[10:13] r m : ok
[10:13] Shai : as it can go down to 7726 if stays below
[10:13] r m : ok
[10:14] Shai : BNF not confirming abv pdh yet
[10:14] Shai : but holding that 15050 mark
[10:18] Kathir : bnf below vwap
[10:18] r m : reds increasing in NF too
[10:19] Kathir : @RM how abt the FII inflow past week or so? buying or selling
[10:21] r m : were sellers earlier, bought yesterday
[10:22] Kathir : ok thanks
[10:22] Kathir : BNF eager to enter 80% trade
[10:23] Kathir : whats the vah val of NF
[10:24] Kathir : ok got it..
[10:24] Kathir : 0:12 Shai : 7689- 7671
[10:25] r m : FII are still net sellers in this series – http://screencast.com/t/D621pbV1wja
[10:48] r m : @Shai, does order flow in BN support shorts below IBL?
[10:48] Shai : yes can drop to 14980
[10:48] r m : ok, thanks
[10:48] Shai : 2ib is 14960
[10:48] r m : right
[10:49] r m : NF has gone in meditation above PDH!
[11:04] Kathir : @RM NF 80% trade on..what would be the SL
[11:04] Kathir : above vwap
[11:05] r m : where was VAH?
[11:05] Kathir : 15045
[11:05] r m : oh BNF you mean, it should be vwap
[11:05] r m : vwap plus
[11:05] Kathir : yes sorry its bnf
[11:05] Kathir : thanks ge
[11:06] r m : also remember (09:19) Shai :dips to 14980 are buys in BNF with sl below 14925(09:19) Shai :tgt remains 15180
[11:06] Kathir : ok sure
[11:07] r m : I guess you are already holding longs in one hand as per your strategy?
[11:08] Kathir : it is hedged
[11:08] r m : ok
[11:08] Kathir : ok bnf gone
[11:08] Kathir : 2 ib done
[11:09] Kathir : ge almost 100 from vah 🙁
[11:09] r m : back to square A where BN did all the struggle yesterday!
[11:10] r m : I was distracted by those two large blue bars just above vah 🙁
[11:10] r m : i thought BN got buyes and did not short
[11:11] Kathir : 🙂 blue cheated you
[11:11] r m : lol
[11:11] r m : better to say I am not able to properly use delta in trading
[11:12] Kathir : that is bit difficult for me
[11:12] Kathir : so i confirm with you and shai
[11:12] r m : 🙂
[11:13] Kathir : someone sold bnf below todays low.algo there
[11:13] Kathir : i mean IB low
[11:14] r m : i guess we need to get overall sense of delta, but that is easier said than done – at least for me
[11:15] Kathir : i am ur student
[11:16] Kathir : buy bnf here with shai’s SL below 925 or wait
[11:16] r m : a student’s student )
[11:16] r m : 🙂
[11:16] Kathir : lol
[11:17] Kathir : Ge we really misssed this bnf vah trade because SL was not big there 🙂
[11:18] Kiran : should we buy bnf here or wait till pink to green.
[11:19] r m : sorry, my net is giving trouble, I have bought 15K CE, easier to stand stop loss on that 🙂
[11:20] Kiran : ok
[11:20] Kathir : ok
[11:20] Kiran : thanks
[11:24] Kiran : blue
[11:24] Kiran : BNF
[11:25] Kiran : but POCv area ?
[11:28] r m : that is POC
[11:28] r m : blue in NF too
[11:30] r m : but both below vwap
[11:30] Kiran : POCv is 14993
[11:31] r m : yep
[11:36] Kiran : can BNF go to VAH now
[11:38] r m : should be possible, vah and vwap at same place
[11:39] r m : If BN trades as per hypo2 then it could go all the way up to Day high too
[11:40] r m : oops, not hypo 2
[11:40] r m : but Shai’ view of buying the dip upto 980
[11:41] r m : NF sent back from PDH though, so at the moment things appear dicey
[11:52] Kathir : bnf dpoc correct?
[11:54] r m : 15060?
[11:55] r m : looks ok to me
[11:55] r m : bnf staying below dval
[11:55] Kathir : OK
[12:14] Shai : yes 15035 onwards sellers responding
[12:14] Shai : BNf safter above that 15056 mark
[12:15] Shai : 7725- 7735 supporting NF now that it stays below 7755
[12:15] Shai : wonder what that move abv 7755 to 7776 was?
[12:16] Shai : BNf needs more buyers here
[12:16] Shai : 14960 res of 2 days but now support
[12:17] Shai : has to hasten abv 15055 which is also vah and dpoc
[12:22] Kathir : @RM in zerodha if we buy using that MIS option ..do we have to clear the position before 3.15?
[12:24] r m : either you clear or Zerodha will square off at 3:0
[12:24] r m : 3:20
[12:24] r m : or you convert the position to normal around 3PM
[12:25] Kathir : ok thanks
[12:28] Kiran : margin is less for MIS.
[12:30] Kathir : yeah intraday margin
[12:31] Kiran : blues in BNF ? last few min
[12:32] Shai : yes
[12:33] Shai : absorption of selling
[12:36] Shai : BNf still inside
[12:37] Shai : NF expoected range is up 25 points- (09:08) Shai :7698- 7726- 7755
[12:38] Shai : but prefer it to stay in this range today and make a nornal distribution
[12:43] r m : bn big drop without a big delta change!
[12:45] Kathir : 80% moving
[12:46] r m : yeah
[12:50] Kathir : @Shai what is the next supp level for bnf now?
[12:51] Kiran : i think VAL ?
[12:51] Shai : yes
[12:51] Shai : 14850
[12:51] Shai : buyers trying to respond in NF
[12:52] Kathir : ok
[12:59] r m : @Kathir, your 80% is done!
[12:59] r m : gigantic one 🙂
[13:02] Shai : yesterday’s buyers are there – 7706
[13:03] Shai : 7689 sl now for this counter trend intra
[13:03] Kathir : yeah i covered the short:)
[13:03] Shai : If it stays (7689) we finsih tomorrow closer to 7782
[13:04] Shai : or buy 7800 ce for tom
[13:04] Shai : with that as sl
[13:14] Kathir : @Shai 7689 SL for CE right?
[13:15] r m : yes, both for CE and for NF
[13:17] Shai : Yes Kathir
[13:17] Shai : below 7689 is a fast drop again
[13:17] Shai : No point holdin g longs
[13:17] Shai : can sar actually
[13:18] Kathir : ok thanks
[13:22] Shai : BNf is a worry now for longs
[13:23] Shai : 15050/ 14960 both will resist going forward along with the established 15140- 15180
[13:33] Shai : NF can do 7755 abv 7732 sl of 7721
[13:34] Shai : NF playing up to expected big ticket reform by PM on 15th
[13:34] Shai : possibilitty of close at higher end on thurs
[13:35] r m : so that they can open gap down on Monday 🙂
[13:39] Amit J : should we hedge fully long position or wait for 7680 to break
[13:55] Shai : hedge required in full if we close below 7710 spot
[13:55] Shai : even below 7730 spot longs are not safe
[13:55] Shai : Yes RM possibility of going down on Mon is there
[14:00] Amit J : thanks
[14:31] r m : 2:30
[14:31] r m : whose turn it is today, bulls or bears
[14:49] Amit J : looks like bears will control today
[14:52] r m : yeah
[14:56] Shai : BNf auction is very erratic today
[14:56] Shai : at 14930 it looked like buyers coming in but still fell down 50 points
[14:57] r m : yesterday also it was the same in this area
[14:57] r m : only above 960 it stabilized yesterday
[14:57] Shai : yes back to that 14880- 14940 zone
[14:57] Shai : it had buyers there yesterday
[14:58] r m : NF took that SL at 771 and went back up!
[14:58] Shai : some 1 is happily trading that 50 pointer
[14:58] r m : *7721
[14:59] Shai : profile is balanced but 2 differnt auctions at 7740 vwap as pivot
[14:59] Shai : 7740 also day midpoint
[15:03] Shai : Yes that sl at 7721 was gone
[15:03] Shai : Some MP fractal at work – https://www.dropbox.com/s/h8p0muu0hceha9k/Nf_compo1.png
[15:03] Shai : current chart
[15:08] r m : adv/dec is 30/1229
[15:08] Shai : and this one from July 14th- http://screencast.com/t/guI3oFp0
[15:08] r m : *302/1229
[15:08] Shai : Note the test
[15:09] Shai : That’s why I maentioned 7689 supp
[15:09] r m : ok
[15:09] Shai : Right RM- that brings MO to 0?
[15:10] r m : no it will take that into further negative territory
[15:10] r m : if AD stays negative by close
[15:11] Shai : oh yes
[15:11] Shai : I read it wrong
[15:11] Shai : It should change if we close at highs
[15:11] Shai : But midcaps are bleeding
[15:12] r m : yes, but even then difficult to neuralize such a huge difference
[15:14] Amit J : it is already negative right now. hopefully today it reaches -80
[15:15] r m : yeah, i had an excel which could calculate intraday too but that needs to be updated with last couple of year’s data 🙂
[15:24] Amit J : 7748 highest vol pt right… huge vol last week which is not holding
[15:25] Shai : yes
[15:25] Shai : profile is balanced – a pause mode to check value
[15:25] Amit J : i bought some more put here to hedge
[15:25] Shai : more likely sideways move tom also in same range
[15:25] Amit J : thks
[15:28] Shai : close at vwap-dpoc-center
[15:30] r m : Thanks and bye folks, have a great evening 🙂
[15:30] Shai : Bye all
[15:30] Shai : Have a good eve