General Chat Transcript
Room Name: Vtrender
Date and Time: July 24, 2014 09:21:51
[08:54] r m : Good Morning folks!
[08:54] Shai : GM all
[08:54] Shai : http://vtrender.com/levels-and-plan-for-24th-july/
[08:56] Amit J : GM
[09:06] Kathir : Good morning Shai RM Amit all
[09:07] r m : Hi Kathir
[09:08] Shai : Mostly a quiet market today- read hypo 1
[09:08] Shai : we will monitor change if any
[09:20] Shai : open price is 7788 also yesterday poc
[09:21] Shai : BNF has opened below 15470/ 510
[09:26] Shai : bit of an open auction with a seller dominating a bit more
[09:26] Shai : buyers responded yesterday first from 7765 and then 7750
[09:27] Shai : today OF has to show buyers being interested in protecting the same levels
[09:38] Shai : http://vtrender.com/desi-mo-mcclellans-oscillator-for-nse-23rd-jul-2014/
[09:38] Shai : still has steam to run up the index
[09:39] Shai : this rally from 7445 to 7808 has been done with MO of -90 to 0
[09:39] Shai : has not crossed in positive territory yet
[09:39] Shai : RM can confirm
[09:39] Shai : Maybe reading was +6
[09:40] r m : -4 highest!
[09:40] Shai : thanks
[09:41] Shai : and we had -90 I think
[09:41] r m : yes
[09:41] Shai : always the best !!
[09:42] Kathir : MO?
[09:42] r m : -90 and plus 90 are good places for playing in cheap OTM options
[09:42] Shai : true
[09:42] Shai : or buying for investment
[09:42] r m : yes
[09:42] Kathir : @RM MO?
[09:42] Shai : I menat buying at -90 and selling near +90
[09:42] r m : yes Kathir
[09:42] Kathir : means
[09:43] r m : McCllelan’s Oscillator derived from advance/decline ratio
[09:43] Kathir : ok thanks..
[09:44] r m : basically observing broader market’s breadth
[09:44] Kathir : ok
[09:47] r m : yesterday’s NF profile looks like a half completed house with first floor finished but ground floor under construction 🙂
[09:51] Mandar : gm. does it look like Antalia 🙂
[09:51] Kathir : 🙂
[09:51] r m : Hi Mandar 🙂
[09:52] Kathir : hi mandar
[09:52] Amit J : MO is RMs Ramban. works always
[09:52] Mandar : Hi RM , Kathir 🙂
[09:53] r m : Antila is standing on single prints 😀
[09:53] Mandar : so probe can happen? 🙂
[09:55] r m : lol
[09:55] Kathir : 🙂
[10:05] Kathir : @what us the cost of antilia INR?
[10:05] Kathir : is
[10:05] Mandar : 8000cr
[10:06] Kathir : is it? wow
[10:06] Kathir : the richest house int he world?
[10:06] Mandar : yes. costliest home on planet
[10:06] Kathir : great
[10:07] Kathir : bnf above 510
[10:08] r m : yes but beyond sd3 band
[10:09] Kathir : @Mandar ambani spends more money for his sons food also ?
[10:09] r m : look at his son tells that he was raised on a strict diet of burgers 😀
[10:09] Kathir : lol
[10:09] Mandar : hahaha… i am not close to him:)
[10:10] Kathir : if you are close to him i am sure you will not be here in this chat room
[10:10] r m : lol
[10:10] Mandar : lol
[10:11] r m : life must be terrible for such rich people – I mean they must be surrounded by yes men all the time only listening to their voice’s echo 🙂
[10:11] Mandar : true
[10:11] Kathir : yes true 🙂
[10:19] r m : BN running away with Kathir on board!
[10:20] Kathir : yeah 🙂
[10:21] Kathir : got some 16k ce morning
[10:21] r m : i got frightened by those red delta bars above IBH
[10:21] r m : good!
[10:26] Kathir : @RM now what is the SL for bnf
[10:26] Kathir : vwap
[10:26] r m : yes
[10:26] r m : VAL is too close to last low, vwap is better
[10:27] Kathir : ok thanks
[10:27] r m : have you part booked?
[10:29] Kathir : yes ge
[10:29] r m : great
[10:29] Kathir : because it is ce the value will go down very fast if bnf goes down
[10:30] Kathir : only few days for expiry
[10:30] Kathir : wed holiday means just 3 working days
[10:32] r m : yes
[10:43] r m : buyers getting in bnf
[10:52] Kathir : volumes very low
[10:52] r m : yep, Shai expected a consolidation day
[10:57] Kathir : bnf trying to do something 🙂
[10:57] r m : yeah, pink OF is desperate to turn green!
[10:58] Kathir : ge that 7800 ce pe pair now 100
[10:58] r m : 4% profit in one day 🙂
[10:59] Kathir : yes 🙂
[11:00] Kathir : tomrw if nf stays same level..it will give more profit i guess
[11:01] r m : yes
[11:01] Kathir : but they take 50000 margin for this pair
[11:01] Kathir : i lot
[11:01] r m : ok
[11:01] Kathir : sold ce and pe
[11:01] r m : seller in BNF
[11:05] Shai : IB 28
[11:05] Shai : open auction with a seller holding 7790 and buyer at 7765
[11:05] Shai : they will clash at vwap
[11:13] Shai : This 15470 zone is so critcial for the BNF and it is just clsoing about there
[11:13] Shai : remember BNF was the first to sell off and the first to rise
[11:14] Shai : this upmove in NF will stall if BNF does not participate
[11:15] Kathir : any views on expiry shai?
[11:15] Shai : 7720- 7850 at the moment
[11:15] Kathir : ok thanks
[11:16] r m : @Kathir, 25 Rs profit expected on your short strangle 🙂
[11:16] Kathir : yes:)
[11:16] Kathir : thats what i was calculating now 🙂
[11:16] r m : I am good at calculation – wish was the same in execution too 😀
[11:18] Kathir : 🙂
[11:18] Kathir : if calculation is right no need to worry abot execution..
[11:18] Kathir : about
[11:20] r m : yes 🙂
[11:20] Kathir : both holding vwap till now
[11:20] Kathir : oh algo in bnf now
[11:49] Kathir : buyers ?
[12:02] Shai : sellers piling up abv vah in NF
[12:27] Shai : we may have a failed auction at 7804 today
[12:27] Shai : confirmation will be if we do not cross 7790 for the rest of the day
[12:28] Shai : could also mean that for next few sessions we have a high in place
[12:28] Shai : can take an aggressive short below vwap now at 7778 for 7750 and 7720 with sl of 7805
[12:30] Shai : I’m looking at that 7800 pe also currently 56-57 with sl of 41 can do 80
[12:33] Kiran : thanks
[12:55] Shai : momentum loss in the Up swing is confirmed if we close below 7760 spot today
[12:55] Shai : 7748 F and a close below it makes the bear happy
[12:55] Mandar : ;0
[12:55] Mandar : 🙂
[13:20] Shai : terribly slow auction – volume of 4.73 mln only
[13:45] r m : globe is green
[13:45] Shai : stop is in danger
[13:51] Shai : back down
[13:52] Shai : low volume day will mean that they will make a run at stops in the last hour
[13:54] Kathir : this is one of the lowest volume days i think
[13:59] Mandar : Shai, BKNF breaking 15390 could put pressure on nifty? better to short nf that time?
[14:00] Shai : Yes Mandar BNf will lead
[14:00] Mandar : ok
[14:15] Kathir : Sl taken NF
[14:18] r m : NF in all time high mode now
[14:20] Kathir : ok
[14:27] Shai : sl taken for the NF
[14:31] Shai : 7800 pe is now more than 7800 ce
[14:32] Kathir : ce 58 pe 40
[14:36] Shai : +7 over yesterday close?
[14:36] Kathir : yes shai
[14:37] Shai : still being added- http://prntscr.com/45t6ou
[14:43] Shai : NF can do 7851/ 7866 sl now 7804
[14:43] Shai : all those shorts above 7790 are feeding thsi upmove now
[14:44] Shai : BNF on way to 15640, sl below 15510
[14:49] Shai : 7820 sl better now- getting riskier
[15:12] Kathir : Shai bnf close here ..shall we take small position long for tmrw
[15:12] Kathir : or wait and enter morning?
[15:15] Shai : enter tom a new position
[15:15] Kathir : ok ..7800 pair 95 now
[15:20] Shai : exit intra longs 7834/ 15555
[15:20] Shai : NF has to come back and test 7804 tom
[15:25] Shai : this break above 7800 is not conclusive as far as new buying is concerned
[15:27] Shai : buy candles in BNF
[15:27] Shai : if 510 holds at the open we get to that 640 again
[15:28] Shai : tom is friday – so maybe another grinding morning and explosive move in the second session
[15:28] Shai : 7804- 7856-68 more likely a range in NF
[15:29] Shai : sellers come below 7800 only now
[15:30] r m : Thanks and bye fols, have a great evening 🙂
[15:30] Shai : Bye lall
[15:30] Shai : have a nice eve
[15:30] Kathir : thanks and bye all
[15:31] Mandar : thanks and buy all:)