Vtrender-26/04/13

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General Chat Transcript

 

Room Name: Vtrender
Date and Time: April 26, 2013 09:08:32

[08:55]   r m : Good Morning folks!
[08:57]   r m : Results today – Mastek, Maruti, Hero MotoCorp, Siemens, LIC Housing Finance, Castrol India, Sterlite Tech
[09:00]   r m : looks like ICICIDirect is not updating result calender, ICICIBank result today
[09:00]   Dushyant : gm all
[09:05]   Shai : Gm all
[09:10]   Shai : @RM big buy fig in Index yetserday with OI decrease?
[09:10]   r m : yes Shai
[09:11]   r m : OI decrease will be due to April futures not rolled over I think
[09:11]   Girish Desai : GM all!
[09:11]   r m : Hi Girish 🙂
[09:11]   Girish Desai : Hi RM! GM Shai, Dushyant
[09:11]   Dushyant : hi girish
[09:12]   Girish Desai : RM – yesterday was one of those days when if you had accidentally bought silver at any point of the day, there would be profits
[09:12]   r m : 🙂
[09:13]   r m : yesterday's theory revised, it does not need intention but accident to earn from markets 🙂
[09:13]   Girish Desai : lol
[09:14]   r m : BN had a 114 point 5 minute candle yesterday and NF was not too far behind with 47 point 5 minute candle
[09:16]   Shai : USDINR is now May future
[09:22]   Shai : Both NF and BNF operating in the spike of yesterday
[09:22]   Dushyant : shud take sell signal?
[09:22]   Shai : Sl 5934 intra
[09:23]   Shai : It's very diff to get a trend in the first hour of a new series
[09:24]   Dushyant : actually going short against 5910 spot
[09:28]   Shai : what is that volume at 5918 F?
[09:30]   r m : opening tick in odin is 5919 volume 150, 5917.8 vol 50, 5920 vol 1000
[09:31]   Shai : see that 9.15 tick
[09:33]   r m : only three ticks above 5915 at 9:15, volumes not impressive as per ODIN
[09:34]   Shai : Yes the rest of the mkt is flat
[09:37]   Shai : Volumes not suggesting big activity in the new series yet
[09:38]   Shai : In such cases price is likely to float around vwap/ dpoc
[09:40]   Dushyant : shai..can u now post 10 days delta
[09:41]   Shai : The site is down since yesterday, hence could not post
[09:42]   Shai : I'll uploas as soon as we are ok
[09:42]   Shai : *upload
[09:43]   r m : @Shai, CurrentMonthOI spreadsheet has been updated for May Futures, perhaps you can upload the delta figures there?
[09:44]   Shai : Ok
[09:45]   Shai : I'll bring the sheet up in the mcx section
[09:46]   Shai : *chart*
[09:46]   r m : Thanks
[09:46]   r m : That section can be safely used till Jiignesh wakes up 🙂
[09:46]   Shai : May chart in MCX section
[09:47]   Shai : Of Nifty
[09:47]   Shai : roughly below 5830 is the conservative selll
[09:48]   Shai : 5853 is the vwap of the rise
[09:48]   r m : Thanks Shai
[09:48]   Shai : chart shows longs in May and coming off a bit
[09:48]   Shai : yesterday
[09:49]   Shai : BN chart shows support at 12440
[09:50]   Shai : also vwap of the rise
[09:50]   Shai : will update the values in the spreadsheet later
[09:54]   Shai : Looks like BNf will go for one touch of 12508 today
[09:57]   r m : Participantwise data updated, enormous addition in long futures by FII, stock futures longs booked out and shorts added, index CE & PE no significant change
[09:59]   r m : http://tinyurl.com/FII-DER
[09:59]   Shai : That explains the fig yesterday
[10:00]   Shai : so now they are net long?
[10:00]   r m : yes
[10:00]   Shai : contra people!
[10:00]   r m : net long in futures and CE, net short in indexPE and stock futures
[10:00]   r m : sorry net long in indexPE too
[10:01]   r m : they are fighting on multiple fronts simultaneously 🙂
[10:01]   Shai : RM your chart dates back to one month?
[10:01]   r m : charts are for shorter period for convenience of watching but that period is adjustable
[10:02]   r m : just let me know your preferred period
[10:02]   Shai : just wondering whther they closed their short positions yesterday
[10:02]   Shai : for april?
[10:02]   Shai : or rather were foreced to cover on acc of expiry
[10:02]   Shai : which should explain the high fig
[10:03]   Shai : that's the highest buy fig in a month
[10:03]   Shai : DII's net sold in cash yesterday
[10:04]   Shai : rember they were the bigger buyers at the lows of 5500
[10:04]   r m : FII covered 120k contracts in shorts
[10:04]   r m : and added 24k contracts in longs
[10:04]   Shai : thanks RM- that should explain
[10:05]   r m : it can either be covering or death of short contracts with Apr expiry 🙂
[10:05]   r m : i mean they refrained from rolling over the shorts
[10:05]   r m : they also bought huge amount in cash yesterday
[10:05]   Shai : yes which means they got creamed in april
[10:06]   r m : lol
[10:06]   Shai : lol
[10:06]   Shai : they were long ce's from the lows and they have booked that yesterday
[10:07]   Shai : So in short they should have a lot of money to deploy today or mon
[10:07]   r m : yes CE longs reduced by 102k contracts and short CE reduced by 70k contracts
[10:08]   r m : yeah, let us watch which barrell they load this time 🙂
[10:13]   Dushyant : @ shai icici results…..view?
[10:34]   Shai : Dushyant will check chart
[10:45]   Dushyant : ok
[10:46]   Shai : Today's mkt reminds me of Monday where the BN was trying to come down and the NF did not move
[10:46]   Shai : 21 point IB in NF
[10:47]   r m : the delta is negligible in both
[10:54]   Shai : yes not much trading interest
[10:56]   Shai : ICICI bank- 1172 may and 1132 May are 2 POC's which can define the trend post results
[10:57]   Shai : below 1132 it can do 1070
[10:57]   Shai : longs are safe abv 1172
[10:58]   Shai : Intra tgt would be 1212 abv 1184 today
[11:10]   Dushyant : thnx
[11:43]   r m : angel's rollover report http://tinyurl.com/ckmbthx
[11:46]   Girish Desai : Thanks RM
[11:47]   Shai : Thanks RM- For NF and BNF your sheet is the best in the mkt today 🙂
[11:48]   r m : 😀
[11:48]   Shai : Need nothing else
[11:48]   Girish Desai : Shai – RM just wants us to compare and say that this is what others do and this is what I can 🙂
[11:48]   r m : lol
[11:48]   Shai : the trend started on the 15th/ 16th and we had huge ce buying that day
[11:49]   Shai : Yes Girish agree-RM has raised the bar for these guys who still flirt with the idea of longs and shorts
[11:49]   Girish Desai : On a serious note, the stat that has not failed so far is that when PCR hits 0.8, market reverses from downtrend regardless of how bad the news may be on screen
[11:49]   Shai : I see no conviction in their report 🙂
[11:49]   Girish Desai : yes 🙂
[11:50]   Shai : and 1.3 on upside?
[11:50]   Girish Desai : On upside its 1.8-1.9
[11:50]   Shai : 1.8?
[11:50]   Girish Desai : Oct 2011 it was 1.9 or even close to 2.0!!!
[11:50]   Shai : RM , MO was near 80 yesterday?
[11:51]   r m : no, it is still around 60
[11:51]   Shai : ok
[11:59]   r m : MO was 64, http://tinyurl.com/nsemo25apr
[12:34]   Shai : Profile is a b in BNF and inside in NF
[12:34]   Shai : May series is extremely long
[12:55]   Girish Desai : RM – that rollover report from Angel is free or is it for clients only?
[12:57]   r m : it is free
[12:58]   r m : let me mail you the .pdf file if you are not able to download it
[12:59]   Shai : 11508 almost here
[12:59]   Shai : below that doors open for 11440/ 11340
[13:01]   Shai : if we close below 5846 today I suggest buying a 5700 put
[13:01]   Shai : 5846 spot price
[13:01]   r m : @Girish, mailed you that report
[13:08]   Shai : maruti results out
[13:13]   Shai : 4Q net profit 12.4 v/s 6.4
[13:13]   Shai : source DJ
[13:14]   Shai : surprisingly sales also good
[13:14]   Shai : Fut at HOD
[13:16]   Shai : BNF May travelling up
[13:38]   Shai : BNf through the IB as day shorts covered
[13:52]   Girish Desai : In last one week or so, Crude is up almost 10%, Silver up 5%, Copper also 5% – of course before that they all corrected more than that
[13:52]   Girish Desai : BN must be up 16% or so from April 9th
[13:58]   Dushyant : icici near 1184…straddle 92rs
[13:59]   Girish Desai : Is ICICI posting results today?
[13:59]   r m : yes
[13:59]   Girish Desai : is it after the trading hours?
[13:59]   r m : am not sure about timings
[14:01]   Girish Desai : ok. lets wait
[14:05]   Shai : icici posts duting mkt hours always
[14:05]   Girish Desai : Right from 9th or 10th april, every single day, the mantra has "been just buy the intraday dip and collect your profits by 3:30 or next morning 9:15am"
[14:06]   Girish Desai : Shai – I also remember ICICI/SBI both post during market hours
[14:09]   Girish Desai : IBH to 12595 50 point trade – first short that has worked for me in last 3 attempts
[14:13]   Girish Desai : From the charts it seems ICICI will make a new high after posting results
[14:13]   Girish Desai : http://www.moneycontrol.com/india/stockpricequote/banksprivatesector/icicibank/ICI02
[14:13]   Shai : @Girish the biggest falls from the highs have been 197 points with one exception which mesaured 300
[14:13]   Shai : yesterday's 12714 to today's 12521 fits it again
[14:14]   Girish Desai : Thanks Shai. May be ICICI results will give next direction
[14:15]   Shai : icici out
[14:15]   Shai : 4Q 24 bn
[14:16]   Shai : 23 bn v/s 19.02
[14:16]   Shai : int income up
[14:16]   Girish Desai : so its better results
[14:17]   Shai : Stock is near the lows
[14:18]   Shai : Maruti did 1649 to 1699 on the results
[14:19]   Girish Desai : I am sure if CNBC would come up with reson for both stock up or down scenarios 🙂
[14:19]   Girish Desai : *reason
[14:20]   r m : like "we beat ICICIBank down so that we could buy cheap CE" 😀
[14:20]   Girish Desai : 🙂
[14:23]   Girish Desai : ICICI tanked 50 points after results?
[14:26]   Shai : yes
[14:27]   Shai : 1127 may low
[14:27]   Girish Desai : 1180 to 1127!
[14:29]   Girish Desai : not much real selling in BN though. Delta flat on this fall
[14:31]   Shai : Yes and NF may look to close at vwap/ dpoc 5902
[14:55]   Dushyant : 1132…overnight shiorts?
[15:00]   Shai : still near 1132 hvn- give it some time
[15:02]   Shai : shorts lifting in NF
[15:16]   Shai : Icici is not a new trade here
[15:16]   Shai : holding on to that hvn
[15:17]   Dushyant : 🙁
[15:17]   Shai : both nf and bnf will have flat delta today
[15:17]   Shai : previous delta has been updated in the current OI sheet
[15:18]   Girish Desai : Some buying in BN/NF at lows of the day
[15:19]   Shai : yes
[15:20]   Shai : sp 500 is showing 1577 here, feel as long as 1570 holds we get to 1606
[15:21]   Girish Desai : yes ES crossing 1600 is a decent possibility
[15:23]   Girish Desai : US GDP report coming at 8:30am EST
[15:23]   Girish Desai : may be that will provide the push one way or the other?
[15:27]   Shai : 12471 low today in BNF
[15:27]   Shai : that close below 12440- 12470 should turn the tables in this rsally up
[15:29]   Girish Desai : LIC housing Finance announced good results and its up 7% today
[15:30]   Dushyant : bye all
[15:30]   Shai : NF/BNF clsoing away from vwap/ dpoc
[15:30]   Girish Desai : Like Kris mentioned Friday usually is the profitbooking day. Need to see what happens next week ..
[15:30]   Girish Desai : Bye all!
[15:31]   Shai : Bye all
[15:31]   r m : Thanks and bye all, have a great evening 🙂
[15:31]   r m : and a great weekend too 🙂