iCharts Discussions

[channasri]

Please note ChannasriSAR for 28-11-2014: 8455

Best regards,
Channasri

[channasri]

Please note ChannasriSAR for 1-12-2014: 8490

Best regards,
Channasri

[channasri]

The smaller time frames are oversold. Currently, SGX Nifty hints at gap down opening on 10th Dec 14 unless otherwise something else happens.

Pls note ChannasriSAR for 10-12-2014: 8485
SL for shorts: 8468
SL for longs (if trend reverses): 8513
Nifty spot No. for positional longs (if trend reverses): 8513

I prefer to use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Disclaimer: The above message represents my trading levels and my approach to trading in Nifty. These are based on my own study. Readers are requested to make own studies and trade on their own.

Best regards,
Channasri

[channasri]

Hi,

Pls note ChannasriSAR for 11-12-2014:
Nifty: 8460
TSL for shorts: 8431
SL for longs (if trend reverses): 8500
Nifty No. for positional longs (if trend reverses): 8513

I prefer to use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading in nifty. These are based on my own study. Readers are requested to make own studies and trade on their own.

Best regards,
Channasri

[channasri]

Hi,

Pls note ChannasriSAR for 22-12-2014:
Nifty spot: 8206
TSL for longs: 8206
SL for shorts (if trend reverses): 8180

I prefer to use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading in nifty. These are based on my own study. Readers are requested to make own studies and trade on their own.

Best regards,
Channasri

[channasri]

Hi,

Pls note ChannasriSAR for 23-12-2014:
Nifty spot: 8220
TSL for longs: 8235
SL for shorts (if trend reverses): 8200

I prefer to use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading in nifty. These are based on my own study. Readers are requested to make own studies and trade on their own.

Best regards,
Channasri

[channasri]

Hi,

Pls note ChannasriSAR for 24-12-2014:
Nifty spot: 8223
TSL for longs: 8236
SL for shorts (if trend reverses): 8200

I prefer to use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading in nifty. These are based on my own study. Readers are requested to make own studies and trade on their own.

Best regards,
Channasri

[channasri]

Hi,

Pls note ChannasriSAR for 26-12-2014:
Nifty spot: 8207
TSL for longs: 8207
SL for shorts (if trend reverses): 8207

I prefer to use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading in nifty. These are based on my own study. Readers are requested to make own studies and trade on their own.

Best regards,
Channasri

[AMBY]

THANKS FOR THE NIFTY LEVELS.

[channasri]

Hi,

Pls note ChannasriSAR for 29-12-2014:
Nifty spot : 8201
TSL for longs: 8215
SL for shorts : 8181

I prefer to use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading in nifty. These are based on my own study. Readers are requested to make own studies and trade on their own.

Best regards,
Channasri

[pkholla]

[channasri]

Hi,

Pls note ChannasriSAR for 30-12-2014:
Nifty spot : 8211
TSL for longs: 8220
SL for shorts : 8211

I prefer to use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading in nifty. These are based on my own study. Readers are requested to make own studies and trade on their own.

@Prakash: My perception is that you have increased responsibility on my shoulders.

Well, I started this thread on the auspicious occasion of Vaikuntha Ekadashi of 2014. I had shared performance chart of ChannasriSAR in Nifty trading then and updated later.

I am planning to include Bank Nifty from the Vaikuntha Ekadashi of 2015. Hope that the Lord of seven hills will bless me to have the strength to help others - especially the novice traders. Ofcourse, I will share the performance chart of ChannasriSAR also in Banknifty trading (performance chart of more or less 20 months) with the first update. Then onwards, like ChannasriSAR for Nifty trading, one can verify my daily updates for Banknifty trading as well.

Best regards,
Channasri

[pkholla]

[channasri]

Hi,

Pls note Channasri SAR for 31-12-2014:
Nifty: 8222
TSL for longs: 8232
SL for shorts (if trend reverses): 8200
Nifty No. for positional shorts (if trend reverses): 8198

@Prakash: Thanks for the encouraging words.

Best regards,
Channasri

[channasri]

Hi,

Wish you all a blessful VAIKUNTHA EKADASHI and very happy new year.

I started this thread on the auspicious VAIKUNTHA EKADASHI of 2014. Till date there have been more than 15,000 views. All by the grace of the Lord of seven hills and I consider every view from ichartians as an encouragement for my efforts.

As mentioned earlier, I have included Banknifty from this daily update. I have attached a performance chart of 21 months from 26-3-2013 to 31-12-2014. You will see that ChannasriSAR has protected trading capital in sideways market and given good returns in a trending market. As with any trading system, extreme volatilities and huge gap openings in the opposite direction can play spoilsport with ChannasriSAR as well.

Pls note Channasri SARs for 01-01-2015 (all numbers in spot):

Nifty: 8238
TSL for longs: 8249
SL for shorts (if trend reverses): 8222

Bank Nifty: 18575
TSL for longs: 18625
SL for shorts (if trend reverses): 18550

I prefer to use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading in nifty. These are based on my own study. Readers are requested to make own studies and trade on their own.


Best regards,
Channasri