iCharts Discussions

[channasri]

Hi,

ChannasriSAR for Bank Nifty has moved up by 51 points.

Pls note ChannasriSARs for 2-1-2015 (all numbers in spot):
Nifty: 8252
TSL for longs: 8265
SL for shorts (if trend reverses): 8230
Nifty No. for positional shorts (if trend reverses): 8230

Bank Nifty: 18626
TSL for longs: 18656
SL for shorts (if trend reverses): 18600
Nifty No. for positional shorts (if trend reverses): 18600

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 ChannasriSARs for 5-1-2015 (all numbers in spot):

Nifty: 8279
TSL for longs: 8293
SL for shorts (if trend reverses): 8265
Nifty No. for positional shorts (if trend reverses): 8250

Bank Nifty: 18712
TSL for longs: 18758
SL for shorts (if trend reverses): 18725
Bank Nifty No. for positional shorts (if trend reverses): 18700

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,

Nifty has broken out of the trading band of 8150-8350. Now it is at the mercy of FIIs.

Please note ChannasriSARs for 06-01-2015:
Nifty: 8298
TSL for longs: 8316
SL for shorts (if trend reverses): 8275
Nifty No. for positional shorts (if trend reverses): 8275

Bank Nifty: 18774
TSL for longs: 18830
SL for shorts (if trend reverses): 18750
Bank Nifty No. for positional shorts (if trend reverses): 18725
Intraday: 19010 - 18975 band is critical.

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,

Nifty has broken out of the trading band of 8150-8350 bot on the opposite side. Now it is at the mercy of various currencies and their economies.

Please note ChannasriSARs for 07-01-2015:
Nifty: 8265
TSL for shorts: 8250
SL for longs (if trend reverses): 8285
Nifty No. for positional longs (if trend reverses): 8350
Nifty intraday: I prefer to avoid intra-day trades.

Bank Nifty: 18707
TSL for shorts: 18600
SL for longs (if trend reverses): 18750
Nifty No. for positional longs (if trend reverses): 18850
Bank Nifty intraday: I prefer to avoid intra-day trades.

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,

Nifty might attempt to get into the 8150-8350 band.

Please note ChannasriSARs for 08-01-2015:
Nifty: 8235
TSL for shorts: 8200
SL for longs (if trend reverses): 8250
Nifty No. for positional longs (if trend reverses): 8250
Nifty intraday: 8125 is critical.

Bank Nifty: 18634
TSL for shorts: 18600
SL for longs (if trend reverses): 18650
Bank Nifty No. for positional longs (if trend reverses): 18650
Bank Nifty intraday: 18400 is critical.

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,

As anticipated, Nifty returned into the 8150-8350 band.

Please note ChannasriSARs for 09-01-2015:
Nifty: 8239
TSL for shorts: 8239
SL for longs (if trend reverses): 8239
Nifty No. for positional longs (if trend reverses): 8239
Nifty intraday: No views.

Bank Nifty: 18659
TSL for longs: 18659
SL for shorts (if trend reverses): 18625
Bank Nifty No. for positional shorts (if trend reverses): 18600
Bank Nifty intraday: No views.

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,

Please note ChannasriSARs for 12-01-2015:
Nifty: 8250
TSL for longs: 8259
SL for shorts (if trend reverses): 8238
Nifty No. for positional longs (if trend reverses): 8270
Nifty intraday: No views.

Bank Nifty: 18662
TSL for shorts: 18650
SL for longs (if trend reverses): 18625
Bank Nifty No. for positional longs (if trend reverses): 18700
Bank Nifty intraday: No views.

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,

Please note Channasri SARs for 13-1-2015:
Nifty: 8265
TSL for longs: 8280
SL for shorts (if trend reverses): 8250
Nifty No. for positional shorts (if trend reverses): 8250
Nifty intraday: 8285 is critical.

Bank Nifty: 18693
TSL for longs: 18716
SL for shorts (if trend reverses): 18650
Bank Nifty No. for positional shorts (if trend reverses): 18625
Bank Nifty intraday: 18750 is critical.

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,

Plesae note Channasri SARs for 14-01-2015:
Nifty: 8272
TSL for longs: 8280
SL for shorts (if trend reverses): 8250
Nifty No. for positional shorts (if trend reverses): 8250
Nifty intraday: No views.

Bank Nifty: 18698
TSL for longs: 18698
SL for shorts (if trend reverses): 18650
Bank Nifty No. for positional shorts (if trend reverses): 18625
Bank Nifty intraday: No views.

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,

Wish a happy Makara Sankranthi.

Please note Channasri SARs for 15-1-2015
Nifty: 8268
TSL for longs: 8268
SL for shorts (if trend reverses): 8268
Nifty No. for positional shorts (if trend reverses): 8268
Nifty intraday: 8285-8310 is critical.

Bank Nifty: 18669
TSL for longs: 18669
SL for shorts (if trend reverses): 18669
Bank Nifty No. for positional shorts (if trend reverses): 18669
Bank Nifty intraday: 18660-18685 is critical.

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,

On Makara Sankranthi day, SUN GOD changes Raashi. No one knew that RBI and SNB will change their stand on very important things. But the unexpected has happened. To take care of such eventful days, one should hedge their positions.

Please note Channasri SARs for 16-1-2015
Nifty: 8308
TSL for longs: 8324
SL for shorts (if trend reverses): 8308
Nifty No. for positional shorts (if trend reverses): 8300
Nifty intraday: 8525-8550 is critical.

Bank Nifty: 18767
TSL for longs: 18800
SL for shorts (if trend reverses): 18767
Bank Nifty No. for positional shorts (if trend reverses): 18767
Bank Nifty intraday: 19000 is critical.

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,

Please note Channasri SARs for 19-1-2015
Nifty: 8347
TSL for longs: 8378
SL for shorts (if trend reverses): 8330
Nifty No. for positional shorts (if trend reverses): 8320
Nifty intraday: 8525-8550 is critical.

Bank Nifty: 18851
TSL for longs: 18915
SL for shorts (if trend reverses): 18800
Bank Nifty No. for positional shorts (if trend reverses): 18800
Bank Nifty intraday: 19100 is critical.

I prefer to use 5 EMA in 5 min charts or 7 SMA in 2 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,

Please note Channasri SARs for 20-1-2015
Nifty: 8388
TSL for longs: 8438
SL for shorts (if trend reverses): 8388
Nifty No. for positional shorts (if trend reverses): 8388
Nifty intraday: 8525-8550 is critical.

Bank Nifty: 18960
TSL for longs: 19081
SL for shorts (if trend reverses): 18960
Bank Nifty No. for positional shorts (if trend reverses): 18960
Bank Nifty intraday: 19350 is critical.

I prefer to use 5 EMA in 5 min charts or 7 SMA in 2 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

[saurabhkurichh]

thanks a lot for ur update on a daily basis

[channasri]

@ saurabhkurichh: Thanks

When the market is trending, the best strategy is to hold on to the positions in the direction of the trend and follow trailing stop loss (TSL) as per the chosen method. Nifty and Bank Nifty are way above respective Channasri SAR. That's where the safety net lies. If any of you want to book profits, please do. But then wait for next signal. As traders, we have to be mentally prepared to change sides as per the chosen, time tested method. Sometimes we have to buy at 52 week/all time high. Sometimes we have to sell at 52 week/all time lows. We should not be obsessed with any number. Because, as you all know, NOTHING IS PERMANENT.

Please note Channasri SARs for 21-1-2015
Nifty: 8453
TSL for longs: 8505
SL for shorts (if trend reverses): 8453
Nifty No. for positional shorts (if trend reverses): 8453
Nifty intraday: 8650 level is critical.

Bank Nifty: 19123
TSL for longs: 19255
SL for shorts (if trend reverses): 119123
Bank Nifty No. for positional shorts (if trend reverses): 19123
Bank Nifty intraday: 19650 is critical.


I prefer to use 5 EMA in 5 min charts or 7 SMA in 2 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