[08:51] Shai C: Gm all
*** Shai C, Welcome to the Vtrender conference room!
[08:51] r m: Good Morning folks 🙂
[08:52] J C: GM folks…
[08:52] J C: Hi Rm:-)
[08:55] r m: Hi JC 🙂
[08:55] Pasi C: GM all
[08:55] Pasi C: Hi SHai,rm,JC
[08:56] r m: Hi Pasi
[08:56] J C: Hi Pasi:-)
[08:58] Vicky M: GM all 🙂
[08:58] Vicky M: hi Shai 🙂 rm 🙂 JC
[08:58] J C: Hi Vicky:-)
[08:59] r m: Hi Vicky 🙂
[09:00] Vicky M: Hi Pasi 🙂
[09:03] Pasi C: Hi vicky
[09:07] Sreeram N: GM all
[09:07] r m: Hi SN 🙂
[09:08] Pasi C: Hi SN
[09:08] Vicky M: Jai Sreeram 🙂
[09:08] r m: 🙂
[09:08] Shai C: 3I day background
[09:09] Shai C: market gets a slight bullish tome above 5130 towards 5144/ 5160
[09:09] Shai C: *tone
[09:10] Sreeram N: HI RM, Pasi, Vicky 🙂
[09:10] Shai C: BN abv 10348 should get to 10400
[09:10] Shares Trader: Hello N GM All
[09:10] r m: Hi ST 🙂
[09:11] Vicky M: GM ST 🙂
[09:11] Vicky M: i hope everything is fine Kris's side..anyone any idea?
[09:11] Sreeram N: Kris is busy on a project
[09:12] Vicky M: oh ok
[09:12] Sreeram N: Shai dpoc is showing @ 5161
[09:12] Sreeram N: & in the box it is @ 5258
[09:13] Shai C: the box will update on open prices
[09:13] Sreeram N: kk
[09:13] Sreeram N: RM wat is margin req for 1lot of crude ??
[09:14] r m: @SN, will have to check, never traded crude, but it should be 5% of contract value
[09:14] Sreeram N: kk
[09:14] Sreeram N: anyone any idea
[09:14] Sreeram N: lot size is 100 right
[09:17] r m: yes
[09:18] Sreeram N: ALGO's in NIfty
[09:21] Sreeram N: Chances of 80% in NIfty
[09:24] Pasi C: u mean POC?@SN
[09:24] Shai C: 5138 algo
[09:24] Shai C: rollover trade
[09:25] Shai C: looks like a short rollover
[09:27] Pasi C: abv 5130 its time to get in long or wait?@shai
[09:30] Shai C: get in abv algo hight at 5140 for 5160/62
[09:30] Shai C: sl will be 5125
[09:30] Pasi C: ok
[09:33] Shai C: open auction so far
[09:33] Shai C: 5129- 5138 is opening swing
[09:44] Sreeram N: RM r we going to test the low in 1st hr
[09:45] r m: could be SN, that is the general rule for the day next to 3I day
[09:45] Vicky M: how many times do we have gap(up/down) opening in a year ? any stats?
[09:46] r m: Shai had published stats some time back on that
[09:46] r m: in graph form
[09:46] Vicky M: thnx
[09:49] r m: @Vicky, a study on gaps by Shai – http://www.vtrender.com/content/nifty-daily-stats-1
[09:50] Vicky M: thanks a lot 🙂
[09:50] Pasi C: rm please tell me whats the strategy on next day to 3IB day
[09:50] r m: first hour low should be taken as SL for longs
[09:51] r m: but it has failed many time in this series
[09:52] r m: it works well when there is a continuation of previous day's trend next day – like if we had opened gap down and continued down in the first hour
[09:53] Pasi C: ok
[09:54] Vicky M: red opening should come in europe ..moody downgraded germany
[09:55] J C: rite now or ystedy?
[09:56] Vicky M: i think today
[09:56] Vicky M: i am not too sure
[09:56] Vicky M: but germany, netherland, luxembourg to negative
[09:56] J C: k..tx
[09:58] Shai C: last night after US close
[09:59] Shai C: and the es rally halted right in it's tracks
[09:59] J C: tats wat i was thnkn…europe is slpn rite now.
[10:00] r m: and Europe sleeps well unlike US 🙂
[10:00] J C: 🙂
[10:01] Shai C: the day is not far when europe will sleppr through the day after a 2 min open 🙂
[10:01] r m: lol
[10:01] Vicky M: lol
[10:01] r m: they will claim dole for that too 🙂
[10:02] Shai C: lol
[10:02] J C: ideal world:-
[10:02] Shai C: Bn wants to move up
[10:03] Vicky M: i dont know 🙂 what they will be called if they will get paid for sleeping
[10:03] r m: 😀
[10:09] Pasi C: 9:45 10:15 no RE what does it indicate rm?choppy?
[10:10] jiignesh -: @shai gold-silver for 15 min plz
[10:11] r m: @Pasi, i am not so good at reading market 🙂
[10:11] Pasi C: ok
[10:12] Pasi C: entered at day highs with x fingers now
[10:13] jiignesh -: uff this silver
[10:16] jiignesh -: @shai u noticed silver's triangle
[10:16] Shai C: yes
[10:17] Rahul Goel: shai has the triangle broken
[10:17] Vicky M: which triangle
[10:17] Shai C: in silver
[10:19] Sreeram N: Shai wat r the chances in NIfty to touch poc & 80%
[10:19] Sreeram N: & BN trgt for longs
[10:20] Shai C: now longs only abv IBH
[10:20] Shai C: it's diff to get a big range day after a trend day
[10:20] jiignesh -: yesterday silver's triangle gave fake breakdown and breakout
[10:26] Shai C: Sreeram targets are POC at 5161 and 10410 BN
[10:26] Sreeram N: k
[10:26] Sreeram N: Thanks Shai
[10:26] Pasi C: and 5165 was also bracket reference
[10:28] Shai C: yes Pasi
[10:31] jiignesh -: @shai, blw vah silver is sell ?
[10:32] Shai C: it's doing 80 % now – silver should tgt 52608
[10:33] jiignesh -: omg
[10:33] Sreeram N: INR may help equitys
[10:34] Dr Bansal *: shai,power levels not updated.
[10:35] Sreeram N: any OI update
[10:36] Dr Bansal *: crude downtrending.sell signal may come.
[10:40] Shai C: will update in a min
[10:44] Shai C: prime levels updated- https://docs.google.com/spreadsheet/ccc?key=0Aguuu7T3NhX2dG1YbTQ5RUUxS1ZDM09uVHBuVnpYZkE&authkey=CJfi7uAK&hl=en&authkey=CJfi7uAK#gid=3
[10:54] jiignesh -: @shai if possible keep silver chart
[10:54] jiignesh -: gold not required
[10:54] jiignesh -: bye
[10:57] J C: @rm…the days 3I rule of low in 1st hr not held, pls chck, i thik 11am lows were held for thoose days.
[10:58] J C: or lows made upto 11am
[10:58] r m: Thanks JC, will check
[10:59] J C: pls lemme know yr findings also, tx.
[10:59] r m: Sure JC
[11:02] Sreeram N: Wih in IB both
[11:02] Rahul Goel: shai can u adjust crude charts a bit cannot see the ib range
[11:03] Rahul Goel: thanks
[11:16] Vicky M: @Shai a non-trend day so far or normal day?
[11:17] Shai C: normal variation day so far
[11:17] Sreeram N: 10410 on Shai
[11:17] Sreeram N: ??
[11:17] Shai C: IB h should sustain for it to remain normal variation
[11:18] Shai C: Sreeram can't see new buyers
[11:18] J C: 11am low held….
[11:18] Vicky M: Normal variation cos; IB just got broken on one side?
[11:18] Shai C: yes
[11:19] Vicky M: thanks
[11:20] Shai C: within IB would be a normal day
[11:20] Shai C: both sides of IB will make it a neutral day
[11:29] Vicky M: HUL is dragging market up; 5% up
[11:35] Shai C: hmm
[11:36] Shai C: globe is steady and as in the past the market rallies when a country gets downgraded!
[11:41] Pasi C: downgrde means it should fall na
[11:42] r m: analysts would say, downgrade was already in the price 🙂
[11:42] Shai C: Buy call in NF- keep buy order abv 5142
[11:43] J C: such a priceless statement…ans evrythng:-)
[11:43] r m: lol
[11:44] Pasi C: thx rm
[11:44] Pasi C: and JC 🙂
[11:44] J C: :-
[11:45] J C: :-
[11:45] Sreeram N: SL Shai for NF buy abv 5142
[11:45] J C: oops….typos galore
[11:47] Pasi C: 5125 SN
[11:47] Deepak C : is this buy in NF an ofl buy ?@shai
[11:49] J C: its an ofl buy on twitter
[11:49] Sreeram N: did of print a buy in NF
[11:50] Pasi C: no
[11:52] Shai C: OF buy suggested abv 5142, sl 5125
[11:53] Deepak C : tnx shai
[11:54] Shai C: range extension above not succeeding
[11:55] Shai C: break of vwap will bring IBL
[11:58] Vicky M: now it should break range from iblow 😉 and then remain inside the IB range throughout the day
[12:13] Sreeram N: charts struck ??
[12:15] r m: @SN, charts are OK, price is under Vicky's influence 🙂
[12:15] Sreeram N: moving
[12:15] Sreeram N: kk 🙂
[12:15] Sreeram N: heavy weights shuld take BN to 10410
[12:15] r m: Vicky wants a neutral day, must have written plenty of straddles 🙂
[12:15] Sreeram N: 2IB
[12:34] Rahul Goel: charts stuck
[12:35] Shai C: back up now
[12:35] Rahul Goel: thanks shai
[12:37] Pasi C: Evrything is suggesting up but worrying abt……….
[12:37] Pasi C: vicky
[12:37] Vicky M: dont listen to me 🙂
[12:37] Vicky M: i am newbie
[12:38] Pasi C: but seems market listening to u vicky 🙂
[12:39] Vicky M: 🙂
[12:40] Pasi C: oops buy signal on dip Shai
[12:41] Pasi C: any datai issue?
[12:41] Shai C: buy signal was there
[12:41] Pasi C: ok
[12:41] Shai C: had suggested to buy abv 42
[12:47] Shares Trader: charts Stuck ?
[12:47] r m: yes
[12:48] Shai C: updating now?
[12:48] Shares Trader: y
[12:48] Shares Trader: thnx
[12:49] Vicky M: no charts
[12:50] Shai C: coming back
[13:01] Vicky M: wb charts
[13:02] Shai C: 🙂
[13:02] Sreeram N: Europe ??
[13:04] Pasi C: neutral day now?@shai
[13:06] Shai C: not quite yet
[13:06] Shai C: we just did that IB band trade on 2nd attempt
[13:06] Shai C: that last plunge was global
[13:07] Sreeram N: Can anyone update about Europe open
[13:07] Shai C: and culprit has to be some sucker news from europe
[13:07] Shares Trader: looks lk it wil end as Non trend day
[13:08] Pasi C: Europe down SN
[13:08] J C: SN u can chck at igindex.co.uk
[13:08] Shai C: here- http://www.forexpros.com/indices/major-indices
[13:08] Vicky M: [11:16] Vicky M: @Shai a non-trend day so far or normal day?
[13:08] Vicky M: 🙂
[13:08] Sreeram N: Thanks Pasi & Sahi
[13:09] Shai C: Good one Vicky 🙂
[13:09] r m: i was looking elsewhere for a few seconds and IBL has gone to 5112 meanwhile 🙂
[13:09] Shares Trader: 🙂 thts due to updated Open tick
[13:09] J C: rm tat was the oening tick with 0 vol
[13:10] r m: ok
[13:10] J C: opning
[13:10] Shai C: there was one trade at 5112 in the OHLCV box
[13:10] Pasi C: 5125
[13:10] r m: Thanks Shai
[13:10] Shares Trader: or may b Neitral Extreme day 😀
[13:10] Shai C: now neutral day
[13:11] Pasi C: can we play for center ?@shai
[13:12] J C: shai…tats the opng tick at 5112, i thnk u will hv to edit it
[13:12] Shai C: yes I will have to do that
[13:12] Sreeram N: NO Shai that is the low 2day
[13:12] Sreeram N: in NOW
[13:13] Pasi C: u were answering me @Shai
[13:13] Shai C: day midpoint is 5134
[13:14] Pasi C: 5111 now
[13:14] Vicky M: algons in bnf
[13:16] Shai C: 5095 is a tgt now
[13:16] Shai C: sl 5136
[13:18] Pasi C: 10290 is HVN?
[13:18] Shai C: yes
[13:19] Shai C: crude down/ copper down/ usd up — not good for index
[13:22] Pasi C: vicky picking pumpkins?
[13:23] Vicky M: Pasi 🙂 not really
[13:23] Pasi C: unrealized? 🙂
[13:23] Pasi C: make it realized
[13:23] Shai C: 10294 is a seller
[13:23] Shai C: tgt would be 10208
[13:23] Pasi C: 10230 now?
[13:23] Shares Trader: again Small range algo Shai
[13:24] Pasi C: ok
[13:24] Shai C: yes ST cleared the full ladder
[13:26] Pasi C: voilation day next to 3IB?@Shai
[13:27] r m: @JC, out of four 3I days in July series (excluding yesterdays), only once day's high low was confined to seond hour's high/low, rest all failed
[13:27] r m: http://www.vtrender.com/content/nifty-daily-stats-1
[13:27] r m: oops, wrong link 😀
[13:28] r m: will give you the google doc link in a moment
[13:28] J C: sure…tx rm
[13:28] r m: https://docs.google.com/spreadsheet/ccc?key=0Ase3dtbFwQWUdHRrbS05cm0tNjJFYl9rRERNOGdvaXc
[13:29] J C: grt…
[13:29] Pasi C: amendment required to rule "Day next to 3 IB"?@ rm
[13:29] r m: 🙂
[13:30] r m: this is too small a sample
[13:30] r m: just for one series
[13:30] Pasi C: ok
[13:30] r m: fifth day was today, that too has failed
[13:31] Shai C: 1 out of 4?
[13:31] Shai C: very poor
[13:31] r m: 1 out of 5, that too maintained second hour's low/high 🙂
[13:31] Pasi C: 🙂
[13:33] Shai C: I'll run some tests on a bigger smaple size
[13:33] Shai C: *sample
[13:33] J C: @rm, the failed days…the opening was opp to prev days clsn, or was the same dir?
[13:34] Shai C: that's the point- the previous day's auction should continue
[13:37] r m: @JC, will check
[13:38] J C: tx rm…
[13:40] r m: only once it opened flat, all other day it opened in the reverse direction of previous day – a very important point Shai pointed out the day
[13:40] r m: *the other day
[13:42] Pasi C: charts gone
[13:42] J C: so we have another 80% rule…if after 3I day, the mkt oepns in othr dir…it has aa 80% chance of brkn the 1st hr lows…
[13:42] J C: opens
[13:42] r m: 🙂
[13:42] Pasi C: no JC
[13:42] Pasi C: 1:5
[13:42] Pasi C: rm already said that
[13:43] J C: 1:5 it doesnt brk it…pasi 4/5 it brks
[13:44] Pasi C: is it rm?
[13:44] Shai C: logic is simple- most people will book at 2I or 3I – if they get their level the next day after 3I in the morning the market reverses
[13:45] Shai C: to extend it we can say that if the market did not open below the PDL, these guys will anyways book and the market goes up
[13:45] Shai C: as we saw this morning
[13:45] Pasi C: SL 5136 now?
[13:45] Shai C: back to vwap
[13:46] Shai C: yes maintain stop
[13:46] Pasi C: ok
[13:46] Sreeram N: @Shai is it buying in BN or short covering
[13:46] Vicky M: [11:58] Vicky M: now it should break range from iblow 😉 and then remain inside the IB range throughout the day
[13:46] Shai C: short covering
[13:48] Sreeram N: again we printed buy in NF
[13:49] r m: i think that on a 3I day market intermediaries (liquidity providers) get their inventory too much out of balance, if the market opens in the other direction next day they will get a good chance to balance their inventory, so the 3I rule will fail
[13:50] Pasi C: volatile
[13:50] Shai C: keep abv 5142 only
[13:55] Pasi C: triggered
[13:56] Shai C: tgt 5162
[13:57] Pasi C: ok
[13:57] Sreeram N: 10410 ??
[13:57] Shai C: yes possible
[14:01] Pasi C: sl 5125?
[14:01] Shai C: yes
[14:01] Pasi C: ok
[14:10] Sreeram N: Chances of closing at high is more now
[14:11] Sreeram N: rm 2day normal day
[14:16] r m: Neutral day i think
[14:22] Shai C: day is neutral
[14:22] Shai C: close is the question- neutral center or extreme
[14:23] Sreeram N: +ve extreme
[14:23] Shai C: yes can happen – Bn has to take out IBH
[14:25] Vicky M: Shai is BNF is becoming p shaped profile
[14:26] Pasi C: how many profile shapes are there shai
[14:26] Shai C: only 3
[14:27] Pasi C: bell,p&b
[14:27] Pasi C: correct?
[14:27] Shai C: yes
[14:27] Vicky M: is it a p
[14:27] Pasi C: p is down & b is up correct?
[14:27] Sreeram N: wat about DD
[14:28] Pasi C: its a type of day SN
[14:28] r m: p and b happening on the same profile is DD 🙂
[14:28] Sreeram N: kk Thanks rm
[14:29] Shai C: profile is actually an FA 5107
[14:29] r m: @SN, DD is distribution on both ends linked with single prints in between
[14:29] Shai C: can't be a P shaped as movement happened in the middle
[14:32] Shai C: that sharp up auction losing it's edge now
[14:32] Shai C: need more buyers to step up quickly
[15:00] Shai C: now looking more of a neutral center
[15:11] Shares Trader: Shai, todays Down move had more volms or Upmove
[15:14] Pasi C: upmove ST
[15:14] Shai C: upmove has more
[15:14] Pasi C: See volumes at L&N TPO's ST
[15:17] Shares Trader: thnk u
[15:17] Shares Trader: even more delta on upside
[15:18] Shai C: there is a buyer below
[15:18] Shai C: pattern is plkaying out like june expiry
[15:20] Shares Trader: 25th June ws expiry ?
[15:20] r m: 28th
[15:23] Vicky M: we'll head up tomorrow
[15:24] Vicky M: 5100 pe writing and 5300 calls unwinding
[15:24] J C: flat open morrow shai..
[15:24] Pasi C: carry longs?@shai
[15:25] Shai C: 5100 pe added today
[15:25] Shai C: didn't reduce yesterday
[15:25] Shai C: yes longs are good
[15:25] Pasi C: gap up expected
[15:25] Shai C: BN needs to be watched in the IB tom for a lead
[15:26] Shai C: Not expecting a gap as distribution met volumes here
[15:26] Pasi C: ok
[15:26] Vicky M: no gap up
[15:26] Shai C: es should be quieter today
[15:27] Shai C: 1348 .5 res
[15:30] Shai C: closing neutral center after BN did not go abv IBH
[15:30] Shai C: normal variation in BN
[15:30] Pasi C: bye all
[15:30] Shai C: neutral in NF
[15:30] Vicky M: bye all thanks 🙂
[15:30] r m: Thanks & bye all, have a great evening 🙂
[15:30] Shai C: 5135/ 10338
[15:30] Shai C: bye all
[15:30] Sreeram N: Bye all
