iCharts Discussions

[channasri]

Pls note channasriSAR for 27-5-2014: 7263
SL for Longs: 7288
SL for Shorts (if trend reverses): 7250

Use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entries.

Regards,
channasri

[channasri]

Pls note channasriSAR for 28-5-2014: 7280
SL for Longs: 7303
SL for Shorts (if trend reverses): 7250

Use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entries.

Regards,
channasri

[channasri]

Pls note channasriSAR for 29-5-2014: 7294
SL for Longs: 7309
SL for Shorts (if trend reverses): 7280

Use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entries.

Regards,
channasri

[channasri]

Dear novice traders,

Be careful tomorrow. Weekly trend is still in the favour of bulls.

Pls note channasriSAR for 30-5-2014: 7287
SL for Longs: 7260
SL for Shorts (if trend reverses): 7300

Use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entries.

Regards,
channasri

[channasri]

channasriSAR for 2-6-2014: 7280

Best regards,
channasri

[channasri]

Pls note channasriSAR for 3-6-2014: 7299
SL for Longs: 7320
SL for Shorts (if trend reverses): 7280

Use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entries.

Regards,
channasri

[svkum]

channasri,

By starting your thread most of the time , you target that to novice trader,

by providing ready levels ,without educating himyour real methos , so that novice trader will be expert , and no more a novice trader,

but you wanted you to pose as expert , and novice trader shd remain as always as novice , and look upon ppl like you , always .

so try to educate and train novice , so that he is made able to deal with mkt .

[channasri]

svkum,

Adequate explanation to follow channasriSAR is provided in this thread itself. See my earlier postings. I have clearly outlined my limitations for interactions with valid reasons. I am not here to expose myself as an expert. I don't need anybody's certificate. I just want to help innocent/novice traders. I continue to do it. Because, when I started trading, I didn't find anyone to guide me. I lost quite a good amount of money. That should not happen to other novice traders. I have started this thread with performance chart. This thread is not for cooking stories nor for boasting about myself. I hope that my intentions are clear to you.

Start your own thread and express yourself. Those who like your ways will be with you.

I request the novice traders to consider the detailed postings provided by me in the earlier pages and detailed replies given by me to some queries. Anybody not clear with the explanations can approach me about the relevant points. I will share my knowledge/experience whatever I have. Pls don't get carried away by irrelevant remarks/comments.

Best regards,
channasri

[pkholla]

[channasri]

Prakash, thanks for the timely support and encouragement. I will continue to support the novice traders. Infact, yesterday I returned from an overnight journey but still managed somehow in the busy work schedules to post channasriSAR atleast.

I am also thinking of posting intraday levels also but not decided due to my time constraints. Because, once I start I should continue.

Best regards,
channasri

[channasri]

Dear novice traders,

Nifty is approaching a crucial resistance of ~7440. It is also the trend line supporting the recent highs (of 16-5-14 and 26-5-14). More highs are possible only if EOD happens above this.

Also, bank nifty to nifty ratio lies between 1.85 to 1 and 2.05 to 1. Currently, the ratio is hovering around the upper end of the range. Hence, pls be careful with longs.

Pls note channasriSAR for 4-6-2014: 7323
SL for Longs: 7350
SL for Shorts (if trend reverses): 7300

Use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entries.

Regards,
channasri

[channasri]

Dear novice traders,

Nifty is approaching a crucial resistance of ~7440. It is also the trend line supporting the recent highs (of 16-5-14 and 26-5-14). More highs are possible only if EOD happens above this.

Also, bank nifty to nifty ratio lies between 1.85 to 1 and 2.05 to 1. Currently, the ratio is hovering around the upper end of the range. Hence, pls be careful with longs.

Pls note channasriSAR for 5-6-2014: 7339
SL for Longs: 7355
SL for Shorts (if trend reverses): 7310

Use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entries.

Regards,
channasri

[channasri]

I had cautioned about longs in bank nifty. It has been proved to be right. Nifty had a good upside but bank nifty saw profit booking. Above 7500, the crucial level, nifty has a target of 7650.

Pls note channasriSAR for 6-6-2014: 7364
SL for Longs: 7385
SL for Shorts (if trend reverses): 7350

Use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entries.

Regards,
channasri

[channasri]

Nifty is marching ahead towards the target 7650. Corrections if any, may lead to renewed buying interest. All eyes are on the budget. In my opinion, Nifty may top out on budget day or shortly after the event. However, bull market is going to stay despite corrections/profit bookings. Let's follow price action and nothing else.

Pls note channasriSAR for 9-6-2014: 7406
SL for Longs: 7435
SL for Shorts (if trend reverses): 7361

Use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entries.

Regards,
channasri

[channasri]

Nifty achieved the target of 7650. Daily charts indicate more bullishness. However, Nifty has been rising since 30-5-2014 EOD of 7230 with a 'rest' like situation around 7400 last week. Hourly charts in Nifty and Bank Nifty are hinting at weakness but require price confirmation. Hence, its time to be cautious.

Pls note channasriSAR for 10-6-2014: 7453
SL for Longs: 7495
SL for Shorts (if trend reverses): 7425

Use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entries.

Regards,
channasri