General Chat Transcript
Room Name: Vtrender
Date and Time: April 17, 2013 09:14:51
[08:56] r m : Good Morning folks!
[08:57] r m : Results today: Yes Bank, TCS, HCL Tech, Purvankar Projects
[08:59] Dushyant : gm all 🙂
[08:59] Shai : GM all
[09:01] Pasi C : GM all
[09:12] Kris 123 : gm all 🙂
[09:12] Pasi C : Hi Kris
[09:12] r m : Hi Kris 🙂
[09:13] Shai : http://vtrender.com/content/nifty-profile-charts-1
[09:13] Pasi C : Hi rm
[09:13] r m : Hi Pasi
[09:13] Kris 123 : Hi Pasi, RM, Shai
[09:19] Shai : Open near pdh just abv value
[09:19] Shai : trend type day yesterday
[09:20] Shai : Pull back low 5620 imp for swing
[09:24] Shai : Range can be 5687- 5731 today april future
[09:24] Shai : we can add longs abv 5734 for 5774
[09:26] Kris 123 : @Shai – looks my expectation that FII are out of money is proved to certain extent by yesterday data.
[09:27] Kris 123 : they bought 44K contracts in index future – and – all of them are reduced from their OI.
[09:27] Shai : they also got long cash and stock futures
[09:28] Kris 123 : It basically means that they have been outthought in this episode – assuming that to be the case – it will be a double dhamaka this series.
[09:28] Kris 123 : Now that they closed their shorts – but – some good amount of red delta happened yesterday – the outwitter of FII is going to outwit them again – even in Index Futures – watch out 🙂
[09:29] Kris 123 : 11960 – I went short in BN – expiry special 🙂
[09:30] Shai : You don't think they covered all the cash sells from april 1- 4
[09:30] Kris 123 : @Rm – their volumes yesterday were 3 times the normal – significant rollover also happened?
[09:31] Kris 123 : no Shai – delta should prevail in the end!
[09:31] Shai : yes it will
[09:32] Girish Desai : GM all!
[09:32] Shai : You mean covered april added may
[09:32] Kris 123 : to add to this – I will add more – if we get an extension between 945-1045 – with a final SL above high at 1045! (09:29) Kris 123:11960 – I went short in BN – expiry special 🙂
[09:32] r m : Hi Girish 🙂
[09:33] r m : @Kris, about 20% got rolled over to may and jun
[09:33] Kris 123 : @Rm – thanks – looks my reading of these people is improving by the day 🙂
[09:33] r m : 🙂
[09:33] Kris 123 : @Girish – an expiry special for you – buy 5600PE at 20 🙂
[09:33] Girish Desai : GM RM, Kris, Shai, Dushyant, Pasi
[09:34] Pasi C : GM GD
[09:34] Kris 123 : Anything less than 100 is yours – above 100 – 50-50 🙂
[09:36] Dushyant : 🙂
[09:37] Shai : vah
[09:38] Kris 123 : another 10 points – and Shai would say – a retest of 5620 is due 80% of times 🙂
[09:39] Kris 123 : hmm… this looks like monologue 🙂
[09:40] Kris 123 : I better keep quiet 🙂
[09:40] r m : 🙂
[09:42] Shai : No I would say a test of 5644
[09:42] Shai : 🙂
[09:42] Shai : Mentioned it yesterday too
[09:43] Shai : Feel BNF does 11996
[09:43] Shai : USDINR rember 54.20 and 53.90 from yesterday?
[09:43] Shai : we got to 53.97
[09:44] Kris 123 : @Shai – you mean only to POC? – for a starters that is allright for me 🙂
[09:44] Shai : Don't think this is a time to buy puts yet
[09:44] Shai : Personally- feel the right time will be friday
[09:44] Kris 123 : yes – 945-1045 is your time – BN even if it does a high then will be adding in BN
[09:45] Kris 123 : @Shai – Fry Day is holiday I guess.
[09:45] Shai : is it?
[09:45] r m : yes
[09:45] Kris 123 : Ram Navami
[09:45] Kris 123 : So we have only 5 trading days in the series.
[09:46] Kris 123 : 5368 is something that I can hope for 🙂
[09:46] r m : @Kris, you wanna fry the bulls on thursday then? 🙂
[09:46] Kris 123 : @Rm – I fry popcorns and sell them – never fried Bulls 🙂
[09:46] Kris 123 : you know that I am a pure veggy 🙂
[09:46] r m : lol
[09:46] Shai : oh
[09:46] Shai : wed nesday too
[09:47] r m : yes next week also holiday
[09:47] Shai : Hmm
[09:48] Kris 123 : Hopefully, Reliance will lead us through 🙂
[09:49] r m : bade bhai zindabad!
[09:51] Shai : Lots of sellers in RIL
[09:51] Shai : 20 points off now
[09:52] Shai : Kris if the top of the single print breaks at 5620, then we have a close at the lows this series
[09:54] Shai : (09:28) Kris 123:Now that they closed their shorts – but – some good amount of red delta happened yesterday – the outwitter of FII is going to outwit them again – even in Index Futures – watch out 🙂
[09:58] r m : @Kris, yesterday's Paticipant data is showing huge longs in futures and CE and shorts in PE
[09:58] r m : http://tinyrul.com/desiCOT updated
[09:59] r m : http://tinyurl.com/desiCOT
[10:01] r m : so much so that FII are net buyers in CE now
[10:02] Dushyant : shai vix view?
[10:06] Shai : 16 supp in vix, a break will send it to 15.4/ 14.5
[10:07] Shai : Thansk RM
[10:07] r m : welcome
[10:07] Shai : which means they covered all the writing and went long?
[10:08] Shai : in ce's
[10:08] r m : yes
[10:08] r m : now the net longs in CE and PE are about equal, so they are neutral in options
[10:08] Shai : and pe's they covered, but are still long
[10:08] r m : yes
[10:09] Dushyant : thnx
[10:11] r m : oops no, net long in CE but net long in PE are 10 times more still 🙂
[10:11] Shai : yes I thought so
[10:12] Shai : their net pe longs are for the cash hedges
[10:12] r m : and net shorts in futures too
[10:12] Shai : that should not change
[10:12] r m : so overall shorts
[10:16] Pasi C : sl for longs from 5620 yesterday?@Shai
[10:17] Shai : Pasi 5677 or 5644
[10:17] Pasi C : ok
[10:17] Shai : I feel every dip to 5644 is a buy as long as 5620 holds, 5774 is still the swing tgt
[10:18] Shai : Today may be a nothing day
[10:18] Shai : (09:24) Shai :Range can be 5687- 5731 today april future
[10:19] Pasi C : u sggest book now and reenter @5644 or hold with 5677 SL
[10:19] r m : can't expect much after yesterday's megathon 🙂
[10:20] r m : but if it reverses as Kris is anticipating then it could be another megathon
[10:21] r m : bade bhai fooling both sides in equal measure 🙂
[10:23] Pasi C : ok let me trust delta
[10:25] Pasi C : rm r u having shorts?
[10:26] r m : @Pasi, very tentative, 5600PE with very short SL 🙂
[10:26] r m : still carrying yesterday's 5800CE
[10:27] Pasi C : ok
[10:29] Shai : Pasi if you book here , reeneter abv 5734
[10:29] Shai : usdinr unable to pierce 54.20
[10:35] Shai : RIl shorts booked near 781
[10:37] Pasi C : thx Shai
[10:37] Shai : done- (09:43) Shai :Feel BNF does 11996
[10:42] Shai : RIl 794
[10:45] Vikas : shai, when u say 'feel/should', then we can buy/sell it or just your views?
[10:48] Dushyant : 🙂
[10:48] r m : spots are running ahead of futures both bn and nifty
[10:49] Pasi C : it works 70 to 80% of times tradings all abt probability Vikas
[10:49] Shai : Vikas, I put here what I see in the same chart you see
[10:50] Pasi C : NOTHING is guaranteed VIkas
[10:50] Shai : don't interpret the language- I write what comes to my mind
[10:51] Vikas : yes pasi. i don't doubt any of traders here. just wondered strong views vs feeling(just as i get,)
[10:51] r m : @Shai, spots charging ahead can be interpreted as markets going up due to cash buying?
[10:51] Vikas : yes shai.
[10:51] Vikas : ok. thanks.
[10:52] Pasi C : your doubt is can we trade these views or not?@Vikas isnt it?
[10:52] Vikas : yes..
[10:52] Pasi C : u Can
[10:52] Vikas : ok.
[10:53] Pasi C : I Have observed that these views work more than calls becuase by the time we get call its already factored
[10:58] Shai : Yes RM
[10:58] r m : Thanks Shai
[10:58] Shai : Others also interpret it as selling futures against delivery
[10:58] r m : ok
[11:03] Shai : NF back into IB
[11:03] Kris 123 : the break happened between 1015-1045 🙂
[11:03] Kris 123 : back!
[11:05] Kris 123 : looks the PE writers have learnt their lessons – all strikes below 5500 are profit booking 🙂
[11:06] r m : 🙂
[11:09] Shai : 56/57/58 are up huge though
[11:09] Shai : margin money is being utisised there
[11:09] r m : RBI monitory policy meet is on 3rd May
[11:12] Shai : yes
[11:21] Dushyant : tcs view?
[11:21] Dushyant : 62% vols…110 rs straddle
[11:22] Dushyant : atm vols
[11:23] Shai : Not looked at the chart
[11:23] Shai : results after the close or at 1?
[11:24] Dushyant : after close.
[11:26] Shai : ok
[11:26] Shai : I'll try to get the chart up
[11:27] Dushyant : 🙂
[11:46] Shai : vwap is being defended again today
[12:12] Shai : 5734 was ouyr first stop yesterday
[12:12] Shai : 5774 is the second one
[12:18] Shai : If momentum continues abv 5774 we are looking at 5910 by expiry
[12:18] Shai : but let's get to 5774 first
[12:26] Shai : Upper end of the range estimate for the day just ahead of europe open
[12:27] Shai : We can buy the break above 5734 ( if it happens) for 5774 , sl 5716
[13:02] Shai : vwap 5708 supp below which we look at 5587 again
[13:08] Shai : I meant 5687
[13:13] Vikas : chart little delayed here?
[13:14] Pasi C : missed that move from 5730
[13:14] Shai : yes a little
[13:15] Dushyant : below 5687…5644?
[13:16] Shai : 5655 below 5685
[13:16] Dushyant : ok
[13:16] Shai : 11802 below 11944
[13:17] r m : looks like Kris got his way 🙂
[13:21] Pasi C : OF red
[13:21] Pasi C : Sl for NF shorts now?@Shai
[13:22] Shai : VAH 5688
[13:22] Pasi C : ok
[13:23] Pasi C : 5620 poss /@Shai
[13:24] Shai : charts are delayed
[13:31] Pasi C : 5678 ALGO
[13:31] Sumit : algo short?
[13:31] Pasi C : its going up Sumit
[13:33] Pasi C : Neutral day?
[13:33] Vikas : so reliance brought it down?
[13:34] Shai : yes that algo was a short
[13:35] Shai : 5678 price
[13:35] Pasi C : but price moved up from there Shai almost 20 points
[13:40] Shai : yes that happens when the rest of the mkt is stronger
[13:40] Shai : rememeber algo is just one player against a large mkt
[13:40] Shai : he can succeed or fail too
[13:41] Shai : He tends to be more successful in low volume markets
[13:42] Pasi C : But here in chart we can see only price action upon the ALGO so it could be misleading
[13:43] Shai : Take the BNF sell below 11928 Only. Sl 12043.
[13:44] Shai : See the volume is 50% higher at 9.07 for this time of the day
[13:44] Shai : It is on an avg around 6 mln around 1.30 -2
[13:44] Dushyant : nifty sell below?
[13:45] Shai : No alert yet in NF
[13:48] Dushyant : ok
[13:55] Shai : USDINR abv vwap / IBL
[13:56] Shai : this fall in NF again accompanied by a move in USDINR in the opp direction
[13:57] Shai : Stay with the short alert below 11927 in BNF. No new buys here
[14:00] Pasi C : again a mess here
[14:00] Sumit : kris had shorted BNF at 11960 in the morning?
[14:03] Shai : (09:29) Kris 123:11960 – I went short in BN – expiry special 🙂
[14:04] Shai : backlog is always open if you don't log out
[14:06] Sumit : any SL – kRIS?
[14:10] Pasi C : this market going to damage shorts
[14:35] Shai : 2 min pause to restart
[14:48] Shai : Profile is balancing
[14:48] Shai : we should get a close near dpoc 5708
[14:48] Shai : neutral center
[14:59] Dushyant : yest's delta and today's delta…isnt alarming?
[15:00] Kris 123 : hmm…. back!
[15:00] Dushyant : 🙂
[15:00] Kris 123 : @Shai – can you please preserve today chat history till expiry 🙂
[15:02] Shai : I'll post it
[15:02] Kris 123 : thanks a lot!
[15:02] Shai : Kris more confident now?
[15:02] Dushyant : wid delta..me too scared
[15:03] Kris 123 : @Shai – for my style – I always go wrong some times – so – nothing very different –
[15:03] Sumit : Kris – your expiry tgts in NF & BNF?
[15:03] Kris 123 : to sum up – yes – a lot more confident now!
[15:04] Kris 123 : yesterday it was perplexment – not for being wrong – but – how they did it – once it is resolved – peace returned 🙂
[15:05] Kris 123 : @Sumit – Shai says we close at lows if 5620 breaks – that should be reasonable by itself 🙂
[15:05] Kris 123 : And … if 5620 breaks Viren will join us with his 5368 🙂
[15:06] Kris 123 : @Shai – do I have hope for my confidence?
[15:06] Pasi C : If I short here what could be the sl KRis
[15:06] Kris 123 : @Shai – probably you would want to see 5620 break 🙂
[15:07] Kris 123 : @Pasi – dont know how to handle future much – specially close to expiry – hence the morning call to buy 5600PE 🙂
[15:07] Kris 123 : but still – a guess would be today high!
[15:08] Pasi C : ok Thanku
[15:09] Pasi C : looks close below center
[15:12] Shai : http://vtrender.com/content/spx-profiled-0
[15:12] Vikas : in my terminal nf shows at premium , here spot~nf??
[15:12] Vikas : prem around 7-8
[15:12] Pasi C : all red vanished
[15:13] r m : here also NF is in premium
[15:13] Vikas : ok..just now it showed
[15:16] Dushyant : delta….
[15:16] Dushyant : green
[15:17] Dushyant : shai …tom open?
[15:17] Shai : Open should be flat
[15:18] Shai : close coming near vwap /dpoc
[15:20] Shai : Tomorrow will be the move day
[15:20] Shai : weekend
[15:21] Shai : I still feel one trip higher before Kris n gang takeover
[15:21] r m : 🙂
[15:21] Kris 123 : @Shai – 3 days enough – if things work – after 5620 – you also join us na! – so we can start with a black monday 🙂
[15:22] Shai : usdinr abv 54.20 and then 54.50 will encourage bears
[15:22] Shai : can't see major move below 53.60 yet
[15:23] Sumit : Parliament opening on Monday
[15:23] Sumit : reason enough
[15:23] Shai : right 🙂
[15:24] Shai : I know Kris is well connected with politicians 😉
[15:24] r m : 🙂
[15:24] Kris 123 : @Rm – lo – ye bhee sun na pada!
[15:24] Shai : Last time he knew when the dmk pulled the carpet
[15:24] Sumit : Shai – one trip higher to ?
[15:24] r m : @Kris, that is the price you have to pay for becoming famous 🙂
[15:24] Kris 123 : Mauritius, Ben Uncle, Subbu, and now … Politicians bhee 🙂
[15:24] Shai : 5774
[15:25] Sumit : tomorrow?
[15:25] Kris 123 : @Shai – 5774 is too high – trip to 5720 is fine – but – 5774 will spoil my party – please – some concession!! 🙂
[15:25] r m : take 5744 🙂
[15:26] Kris 123 : tomorrow SBI results?
[15:26] r m : no
[15:26] r m : those guys are yet to sit with their ledgers 🙂
[15:27] Sumit : Shai – can a long in NF be taken overnight?
[15:27] r m : MRF, Crisil, Indusind bank tomorrow
[15:27] Kris 123 : thanks RM
[15:27] Kris 123 : @Rm – cant give more than 5724! 🙂
[15:28] r m : chalo, bhagte chor ki langoti hi sahee 🙂
[15:28] Kris 123 : you should now say 5734 🙂
[15:29] Shai : we should have a quite morning tom and a volatile afternoon
[15:29] r m : could never learn that fine art of haggling would make a very poor ransom negotiator 🙂
[15:29] Kris 123 : @Shai – a repeat of yesterday with alternate color would suit me 🙂
[15:30] r m : Thanks and bye folks, have a great evening 🙂
[15:30] Shai : Bye all
[15:31] Dushyant : bye all
[15:32] Kris 123 : Bye All 🙂