iCharts Discussions

[channasri]

Hi,

Please note Channasri SARs for 22-1-2015
Nifty: 8513
TSL for longs: 8568
SL for shorts (if trend reverses): 8513
Nifty No. for positional shorts (if trend reverses): 8500
Nifty intraday: 8700 level is critical.

Bank Nifty: 19279
TSL for longs: 19424
SL for shorts (if trend reverses): 19279
Bank Nifty No. for positional shorts (if trend reverses): 19279
Bank Nifty intraday: 19800 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 27-1-2015

Nifty: 8683
TSL for longs: 8703
SL for shorts (if trend reverses): 8683
Nifty No. for positional shorts (if trend reverses): 8680
Nifty intraday: 8775 level is critical.

Bank Nifty: 19708
TSL for longs: 19777
SL for shorts (if trend reverses): 19700
Bank Nifty No. for positional shorts (if trend reverses): 19700
Bank Nifty intraday: 19950 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 29-1-2015

Nifty: 8744
TSL for longs: 8799
SL for shorts (if trend reverses): 8744
Nifty No. for positional shorts (if trend reverses): 8744
Nifty intraday: 8875 level is critical.

Bank Nifty: 19943
TSL for longs: 20108
SL for shorts (if trend reverses): 19943
Bank Nifty No. for positional shorts (if trend reverses): 19943
Bank Nifty intraday: 20450 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 30-1-2015

Nifty: 8797
TSL for longs: 8845
SL for shorts (if trend reverses): 8797
Nifty No. for positional shorts (if trend reverses): 8797
Nifty intraday: 8903 level is critical.

Bank Nifty: 20092
TSL for longs: 20247
SL for shorts (if trend reverses): 20092
Bank Nifty No. for positional shorts (if trend reverses): 20092
Bank Nifty intraday: 20450 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 3-2-2015

Nifty: 8815
TSL for shorts: 8815
SL for longs (if trend reverses): 8815
Nifty No. for positional longs (if trend reverses): 8825
Nifty intraday: Better to avoid intraday trades on eventful days.

Bank Nifty: 20055
TSL for shorts: 20055
SL for longs (if trend reverses): 20055
Bank Nifty No. for positional longs (if trend reverses): 20100
Bank Nifty intraday: Better to avoid intraday trades on eventful days.

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 4-2-2015:

Nifty: 8813
TSL for shorts: 8806
SL for longs (if trend reverses): 8825
Nifty No. for positional longs (if trend reverses): 8825
Nifty intraday: Better to avoid intraday trades on eventful days.

Bank Nifty: 19950
TSL for shorts: 19868
SL for longs (if trend reverses): 19950
Bank Nifty No. for positional longs (if trend reverses): 19950
Bank Nifty intraday: Better to avoid intraday trades on eventful days.

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 4-2-2015:

Nifty: 8802
TSL for shorts: 8787
SL for longs (if trend reverses): 8802
Nifty No. for positional longs (if trend reverses): 8810
Nifty intraday: 8750 level is critical.

Bank Nifty: 19819
TSL for shorts: 19696
SL for longs (if trend reverses): 19819
Bank Nifty No. for positional longs (if trend reverses): 19819
Bank Nifty intraday: 19250 level 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 9-2-2015:

Nifty: 8765
TSL for shorts: 8738
SL for longs (if trend reverses): 8775
Nifty No. for positional longs (if trend reverses): 8775
Nifty intraday: 8650 level is critical.

Bank Nifty: 19504
TSL for shorts: 19312
SL for longs (if trend reverses): 19504
Bank Nifty No. for positional longs (if trend reverses): 19504
Bank Nifty intraday: 18850 level 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,

Delhi election results to drive the markets. I expect huge volatility. If BJP gets clear majority, I expect Nifty to move above 9000 before budget itself. If BJP becomes single largest party but less than clear majority, I expect Nifty to move above 8700 but well below 9000. If AAP gets majority, I expect Nifty to test 8300-8100 range. If AAP becomes single largest party but fails to get clear majority, I expect choppyness but finally leading to uptrend. Let's follow price action and nothing else.

Please note Channasri SARs for 10-2-2015:
Nifty: 8717
TSL for shorts: 8681
SL for longs (if trend reverses): 8700
Nifty No. for positional longs (if trend reverses): 8700
Nifty intraday: 8580 is critical

Bank Nifty: 19275
TSL for shorts: 19060
SL for longs (if trend reverses): 19275
Bank Nifty No. for positional longs (if trend reverses): 19275
Bank Nifty intraday: 18500 level 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,

I feel that the markets have turned from event based to technicals based.

Please note Channasri SARs for 11-2-2015:
Nifty: 8682
TSL for shorts: 8642
SL for longs (if trend reverses): 8700
Nifty No. for positional longs (if trend reverses): 8700
Nifty intraday: 8580 is critical

Bank Nifty: 19136
TSL for shorts: 18941
SL for longs (if trend reverses): 19150
Bank Nifty No. for positional longs (if trend reverses): 19150
Bank Nifty intraday: 18500 level 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 13-2-2015:
Nifty: 8682
TSL for longs: 8668
SL for shorts (if trend reverses): 8660
Nifty No. for positional shorts (if trend reverses): 8650
Nifty intraday: 8700 is critical.

Bank Nifty: 19032
TSL for longs: 18941
SL for shorts (if trend reverses): 19150
Bank Nifty No. for positional shorts (if trend reverses): 19150
Bank Nifty intraday: 19050 level 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,

As long as Nifty remains above 8750, approaching 9000 level is possible.

Please note Channasri SARs for 16-2-2015:
Nifty: 8690
TSL for longs: 8720
SL for shorts (if trend reverses): 8680
Nifty No. for positional shorts (if trend reverses): 8670
Nifty intraday: 8780 is critical.

Bank Nifty: 19069
TSL for longs: 19150
SL for shorts (if trend reverses): 19050
Bank Nifty No. for positional shorts (if trend reverses): 19000
Bank Nifty intraday: 19250 level 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,

As long as Nifty remains above 8750, approaching 9000 level is possible. Fears of GREXIT possibility didn't spooke the markets. This is a sign of strength - as of now atleast.

Please note Channasri SARs for 18-2-2015:
Nifty: 8708
TSL for longs: 8729
SL for shorts (if trend reverses): 8700
Nifty No. for positional shorts (if trend reverses): 8680
Nifty intraday: 8780 is critical.

Bank Nifty: 19063
TSL for longs: 19150
SL for shorts (if trend reverses): 19050
Bank Nifty No. for positional shorts (if trend reverses): 19000
Bank Nifty intraday: 19200 level 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,

As long as Nifty remains above 8750, approaching 9000 level is possible. Fears of GREXIT possibility have receded for the time being if not forever.

I could not update for few dates in between due to tight schedules at work place and personal commitments. In such situations, consider 13DEMA/SMA whichever nearer to last update as TSL.

Please note Channasri SARs for 23-2-2015:
Nifty: 8779
TSL for longs: 8813
SL for shorts (if trend reverses): 8750
Nifty No. for positional shorts (if trend reverses): 8750
Nifty intraday: 8800 is critical.

Bank Nifty: 19110
TSL for shorts: 19110
SL for longs (if trend reverses): 19050
Bank Nifty No. for positional longs (if trend reverses): 19150
Bank Nifty intraday: 19150 level 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,

I could not update for few dates in between due to tight schedules at work place and personal commitments. In such situations, consider 13DEMA/SMA whichever nearer to last update as TSL.

Please note Channasri SARs for 24-2-2015:
Nifty: 8779
TSL for shorts: 8779
SL for longs (if trend reverses): 8800
Nifty No. for positional longs (if trend reverses): 8825
Nifty intraday: 8800 is critical.

Bank Nifty: 19110
TSL for shorts: 19110
SL for longs (if trend reverses): 19150
Bank Nifty No. for positional longs (if trend reverses): 19150
Bank Nifty intraday: 19150 level 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