iCharts Discussions

[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 25-2-2015:
Nifty: 8785
TSL for shorts: 8785
SL for longs (if trend reverses): 8800
Nifty No. for positional longs (if trend reverses): 8820
Nifty intraday: 8780 is critical.

Bank Nifty: 19067
TSL for shorts: 19038
SL for longs (if trend reverses): 19067
Bank Nifty No. for positional longs (if trend reverses): 19100
Bank Nifty intraday: 18950 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 26-2-2015:
Nifty: 8789
TSL for shorts: 8785
SL for longs (if trend reverses): 8800
Nifty No. for positional longs (if trend reverses): 8820
Nifty intraday: 8780 is critical.

Bank Nifty: 19013
TSL for shorts: 18956
SL for longs (if trend reverses): 19050
Bank Nifty No. for positional longs (if trend reverses): 19050
Bank Nifty intraday: 18950 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 27-2-2015:
Nifty: 8773
TSL for shorts: 8760
SL for longs (if trend reverses): 8800
Nifty No. for positional longs (if trend reverses): 8800
Nifty intraday: 8700 is critical.

Bank Nifty: 18921
TSL for shorts: 18843
SL for longs (if trend reverses): 18950
Bank Nifty No. for positional longs (if trend reverses): 18950
Bank Nifty intraday: 18600 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 be cautious as both indices are extremely overbought. Higher time frames like weekly and monthly have hinted at correction (candlesticks are hammer/hanging man with pony tail) but require price confirmation.

Please note Channasri SARs for 2-3-2015:
Nifty: 8811
TSL for longs: 8811
SL for shorts (if trend reverses): 8800
Nifty No. for positional shorts (if trend reverses): 8800
Nifty intraday: 8865 is critical.

Bank Nifty: 19250
TSL for longs: 19350
SL for shorts (if trend reverses): 19200
Bank Nifty No. for positional shorts (if trend reverses): 19090
Bank Nifty intraday: 19500 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 be cautious as both indices are extremely overbought. Higher time frames like weekly and monthly have hinted at correction (candlesticks are hammer/hanging man with pony tail) but require price confirmation.

Please note Channasri SARs for 3-3-2015:
Nifty: 8836
TSL for longs: 8855
SL for shorts (if trend reverses): 8820
Nifty No. for positional shorts (if trend reverses): 8800
Nifty intraday: 8950 is critical.

Bank Nifty: 19350
TSL for longs: 19500
SL for shorts (if trend reverses): 19300
Bank Nifty No. for positional shorts (if trend reverses): 19300
Bank Nifty intraday: 19800 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 be cautious as both indices are extremely overbought. Higher time frames like weekly and monthly have hinted at correction (candlesticks are hammer/hanging man with pony tail) but require price confirmation.

Please note Channasri SARs for 4-3-2015:
Nifty: 8864
TSL for longs: 8892
SL for shorts (if trend reverses): 8850
Nifty No. for positional shorts (if trend reverses): 8820
Nifty intraday: 8950 is critical.

Bank Nifty: 19415
TSL for longs: 19550
SL for shorts (if trend reverses): 19400
Bank Nifty No. for positional shorts (if trend reverses): 19400
Bank Nifty intraday: 19950 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 have been cautioning for the last few days with the following:
Please be cautious as both indices are extremely overbought. Higher time frames like weekly and monthly have hinted at correction (candlesticks are hammer/hanging man with pony tail) but require price confirmation.

Price confirmation has happened. Corrective rise may happen. Whatever is the matter, let's follow price action and charts - nothing else.

Please note Channasri SARs for 5-3-2015:
Nifty: 8874
TSL for longs: 8903
SL for shorts (if trend reverses): 8865
Nifty No. for positional shorts (if trend reverses): 8850
Nifty intraday: 8950 is critical.

Bank Nifty: 19421
TSL for longs: 19575
SL for shorts (if trend reverses): 19400
Bank Nifty No. for positional shorts (if trend reverses): 19400
Bank Nifty intraday: 19600 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,

Both Nifty and Bank Nifty breached ChannasriSAR, could not sustain below it and bounced.

Please note Channasri SARs for 9-3-2015:
Nifty: 8887
TSL for longs: 8912
SL for shorts (if trend reverses): 8865
Nifty No. for positional shorts (if trend reverses): 8850
Nifty intraday: 8950 is critical.

Bank Nifty: 19489
TSL for longs: 19605
SL for shorts (if trend reverses): 19450
Bank Nifty No. for positional shorts (if trend reverses): 19400
Bank Nifty intraday: 19600 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,

Last week I had cautioned about possible downside. The same has been proved. Let's follow price action. Nothing else.

Please note Channasri SARs for 10-3-2015:
Nifty: 8880
TSL for shorts: 8825
SL for longs (if trend reverses): 8880
Nifty No. for positional longs (if trend reverses): 8880
Nifty intraday: 8800 is critical.

Bank Nifty: 19515
TSL for shorts: 19300
SL for longs (if trend reverses): 19515
Bank Nifty No. for positional longs (if trend reverses): 19515
Bank Nifty intraday: 19300 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 11-3-2015:
Nifty: 8850
TSL for shorts: 8810
SL for longs (if trend reverses): 8850
Nifty No. for positional longs (if trend reverses): 8850
Nifty intraday: 8750 is critical.

Bank Nifty: 19450
TSL for shorts: 19250
SL for longs (if trend reverses): 19475
Bank Nifty No. for positional longs (if trend reverses): 19500
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,

I could not post daily updates due to exigencies of work, travelling etc. In such times, please consider 13D SMA/EMA as TSL. Meanwhile, please note the changes in ChannasriSARs for Nifty and banknifty in comparison to the last update. You will see the benefits of SAR system based on daily charts. For employees, no need to take tensions of intraday trades. Just develop your own trading system based on daily charts. Involve in intraday trades only when you have enough time to sit before the continuously updating charts of icharts.

Please note Channasri SARs for 17-3-2015:
Nifty: 8750
TSL for shorts: 8721
SL for longs (if trend reverses): 8750
Nifty No. for positional longs (if trend reverses): 8775
Nifty intraday: 8650 is critical.

Bank Nifty: 19146
TSL for shorts: 19049
SL for longs (if trend reverses): 19200
Bank Nifty No. for positional longs (if trend reverses): 19225
Bank Nifty intraday: 18950 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 18-3-2015:
Nifty: 8738
TSL for shorts: 8738
SL for longs (if trend reverses): 8750
Nifty No. for positional longs (if trend reverses): 8775
Nifty intraday: 8711 is critical.

Bank Nifty: 19106
TSL for shorts: 19106
SL for longs (if trend reverses): 19200
Bank Nifty No. for positional longs (if trend reverses): 19200
Bank Nifty intraday: 18950 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 20-3-2015:
Nifty: 8698
TSL for shorts: 8688
SL for longs (if trend reverses): 8720
Nifty No. for positional longs (if trend reverses): 8720
Nifty intraday: 8680 is critical.

Bank Nifty: 19018
TSL for shorts: 19000
SL for longs (if trend reverses): 19100
Bank Nifty No. for positional longs (if trend reverses): 19100
Bank Nifty intraday: 18950 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,

Several time frames are oversold. Expiry is nearby. FOMC concerned volatility is over. I am expecting a technical bounce. Let's go by price action and charts. Nothing else.

I will shortly add my view regarding trades in cash segment for selected scrips. I am studying charts for the same purpose.

Please note Channasri SARs for 23-3-2015:
Nifty: 8668
TSL for shorts: 8630
SL for longs (if trend reverses): 8680
Nifty No. for positional longs (if trend reverses): 8680
Nifty intraday: 8550 is critical.

Bank Nifty: 18921
TSL for shorts: 18800
SL for longs (if trend reverses): 18950
Bank Nifty No. for positional longs (if trend reverses): 18950
Bank Nifty intraday: 18550 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,

Expected bounce didn't happen. However. I still expect one. Profit booking by MFs and FIs due to FY end is the concern.

Please note Channasri SARs for 24-3-2015:
Nifty: 8644
TSL for shorts: 8620
SL for longs (if trend reverses): 8650
Nifty No. for positional longs (if trend reverses): 8650
Nifty intraday: 8550 is critical.

Bank Nifty: 18824
TSL for shorts: 18700
SL for longs (if trend reverses): 18850
Bank Nifty No. for positional longs (if trend reverses): 18850
Bank Nifty intraday: 18550 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