iCharts Discussions

[channasri]

@ragarwal: I don't know how to incorporate charts/diagrams into these posts. If you or anyone else can suggest me how to do pasting here, I will start adding charts.

Please note Channasri SARs for 24-4-2015:

Nifty: 8540
TSL for shorts: 8487
SL for longs (if trend reverses): 8550
Nifty No. for positional longs (if trend reverses): 8550
Nifty intraday: 8350 level is critical.

Bank Nifty: 18375
TSL for shorts: 18303
SL for longs (if trend reverses): 18375
Bank Nifty No. for positional longs (if trend reverses): 18400
Bank Nifty intraday: 18300 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.

I have this suggestion to use 5EMA in 5min or 7SMA in 2min charts: Draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. Change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, use the TSL numbers as another trend line and crossovers as triggers. Hope this helps. I am experimenting another way to follow Channasri SARs. I will share that in few days.

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[/img]

[channasri]

Please note Channasri SARs for 27-4-2015:

Nifty: 8486
TSL for shorts: 8440
SL for longs (if trend reverses): 8495
Nifty No. for positional longs (if trend reverses): 8500
Nifty intraday: 8350 level is critical.

Bank Nifty: 18287
TSL for shorts: 18228
SL for longs (if trend reverses): 18300
Bank Nifty No. for positional longs (if trend reverses): 18300
Bank Nifty intraday: 18100 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.

I have this suggestion to use 5EMA in 5min or 7SMA in 2min charts: Draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. Change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, use the TSL numbers as another trend line and crossovers as triggers. Hope this helps. I am experimenting another way to follow Channasri SARs. I will share that in few days.

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]

Looks like a relief rally. Nifty bounced after making a double bottom. NR4 day as well for Nifty atleast.

Please note Channasri SARs for 29-4-2015
Nifty: 8396
TSL for shorts: 8350
SL for longs (if trend reverses): 8465
Nifty No. for positional longs (if trend reverses): 8465
Nifty intraday: 8300 level is critical.

Bank Nifty: 18165
TSL for longs: 18096
SL for shorts (if trend reverses): 18300
Bank Nifty No. for positional shorts (if trend reverses): 18300
Bank Nifty intraday: 18250 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.

I have this suggestion to use 5EMA in 5min or 7SMA in 2min charts: Draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. Change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, use the TSL numbers as another trend line and crossovers as triggers. Hope this helps. I am experimenting another way to follow Channasri SARs. I will share that in few days.

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]

Please note Channasri SARs for 30-4-2015

Nifty: 8354
TSL for shorts: 8320
SL for longs (if trend reverses): 8370
Nifty No. for positional longs (if trend reverses): 8375
Nifty intraday: 8250 level is critical.

Bank Nifty: 18177
TSL for longs: 18225
SL for shorts (if trend reverses): 18177
Bank Nifty No. for positional shorts (if trend reverses): 18150
Bank Nifty intraday: 18250 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.

I have this suggestion to use 5EMA in 5min or 7SMA in 2min charts: Draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. Change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, use the TSL numbers as another trend line and crossovers as triggers. Hope this helps. I am experimenting another way to follow Channasri SARs. I will share that in few days.

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

[prabit]

[murcha]

[channasri]

@prabit: I have given explanation in brackets. Hope this helps. If not clear, consider Channasri SAR alone. 12 or 13 days EMA/SMA is also very good. Please read all my explanantions in the previous posts (from the beginning of this thread).

Please note Channasri SARs for 4-5-2015

Nifty: 8312 (This is Channasri SAR)
TSL for shorts: 8283 (This is trailing stop loss for shorts. This is for profit booking and re-entry.)
SL for longs (if trend reverses): 8325 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required.)
Nifty No. for positional longs (if trend reverses): 8335 (This No. is to help take a decision on trend reversal day. Otherwise, this No. is not required.)
Nifty intraday: 8300 level is critical.

Bank Nifty: 18197
TSL for longs: 18229
SL for shorts (if trend reverses): 18197
Bank Nifty No. for positional shorts (if trend reverses): 18150
Bank Nifty intraday: 18250 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.

I have this suggestion to use 5EMA in 5min or 7SMA in 2min charts: Draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. Change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, use the TSL numbers as another trend line and crossovers as triggers. Hope this helps. I am experimenting another way to follow Channasri SARs. I will share that in few days.

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

[prabit]

[channasri]

Please note Channasri SARs for 5-5-2015

Nifty: 8309 (This is Channasri SAR)
TSL for longs: 8315 (This is trailing stop loss for longs)
SL for shorts (if trend reverses): 8300 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty No. for positional shorts (if trend reverses): 8280 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8300-8350 range is critical.

Bank Nifty: 18251
TSL for longs: 18300
SL for shorts (if trend reverses): 18225
Bank Nifty No. for positional shorts (if trend reverses): 18225
Bank Nifty intraday: 18400 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.

I have this suggestion to use 5EMA in 5min or 7SMA in 2min charts: Draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. Change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, use the TSL numbers as another trend line and crossovers as triggers. Hope this helps. I am experimenting another way to follow Channasri SARs. I will share that in few days.

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

[k.amrit4u]

these lvls are for nifty fut or spot

[channasri]

Hi,

All my numbers and trading levels are in spot. Why spot? Spot values are independent variables. Futures values are dependent variables.I am not a mathematician. However, I know that calculations should be based on independent variables.

At present, 200D SMA at 8280 and 20D SMA at 8501 seem to call the shots. Nifty has overcome these levels decisively. For Bank Nifty, 20D EMA at 18379 is crucial.

Please note Channasri SARs for 5-5-2015:

Nifty: 8305 (This is Channasri SAR)
TSL for longs: 8305 (This is trailing stop loss for longs)
SL for shorts (if trend reverses): 8300 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty No. for positional shorts (if trend reverses): 8280 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8300-8350 range is critical.

Bank Nifty: 18290
TSL for longs: 18344
SL for shorts (if trend reverses): 18275
Bank Nifty No. for positional shorts (if trend reverses): 18260
Bank Nifty intraday: 18400 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.

I have this suggestion to use 5EMA in 5min or 7SMA in 2min charts: Draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. Change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, use the TSL numbers as another trend line and crossovers as triggers. Hope this helps. I am experimenting another way to follow Channasri SARs. I will share that in few days.

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,

All my numbers and trading levels are in spot. Why spot? Spot values are independent variables. Futures values are dependent variables.I am not a mathematician. However, I know that calculations should be based on independent variables.

At present, 200D SMA at 8280 and 20D SMA at 8501 seem to call the shots. For Nifty, 200 EMA of 15 min. charts is running close to Channasri SAR at present.

For Nifty to attempt reaching 8950-9000 range, my observations indicate the following requirements:
Strong open above 8250, remaining above 8200-8250 for the rest of the week, closing above 8350 by Friday EOD. Then, remaining above 8300-8350 for the remaining part of May calendar month and a strong close above 8650 by end of last trading session of May (not series expiry). Alternative view is to test 7950 if not lower. Let's see how the prices unfold. Let's follow price action and nothing else.

Next week I may not be able to update daily due to pressing needs. Either 12 or 13 days EMA/SMA may be considered as TSL.

Please note Channasri SARs for 11-5-2015:

Nifty: 8209 (This is Channasri SAR)
TSL for shorts: 8200 (This is trailing stop loss for shorts)
SL for longs (if trend reverses): 8260 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty No. for positional longs (if trend reverses): 8260 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8250-8270 range is critical.

Bank Nifty: 18004
TSL for shorts: 17900
SL for longs (if trend reverses): 18004
Bank Nifty No. for positional longs (if trend reverses): 18100
Bank Nifty intraday: 17950 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.

I have this suggestion to use 5EMA in 5min or 7SMA in 2min charts: Draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. Change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, use the TSL numbers as another trend line and crossovers as triggers. Hope this helps. I am experimenting another way to follow Channasri SARs. I will share that in few days.

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 14-5-2015:

Nifty: 8213 (This is Channasri SAR)
TSL for longs: 8213 (This is trailing stop loss for shorts)
SL for shorts (if trend reverses): 8200 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty No. for positional shorts (if trend reverses): 8170 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8250 level is critical.

Bank Nifty: 17988
TSL for longs: 17988
SL for shorts (if trend reverses): 17950
Bank Nifty No. for positional shorts (if trend reverses): 17900
Bank Nifty intraday: 18000 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.

I have this suggestion to use 5EMA in 5min or 7SMA in 2min charts: Draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. Change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, use the TSL numbers as another trend line and crossovers as triggers. Hope this helps. I am experimenting another way to follow Channasri SARs. I will share that in few days.

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 15-5-2015:

Nifty: 8211 (This is Channasri SAR)
TSL for longs: 8213 (This is trailing stop loss for shorts)
SL for shorts (if trend reverses): 8200 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty No. for positional shorts (if trend reverses): 8170 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8250 level is critical.

Bank Nifty: 17993
TSL for longs: 18050
SL for shorts (if trend reverses): 17950
Bank Nifty No. for positional shorts (if trend reverses): 17900
Bank Nifty intraday: 18000 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.

I have these suggestions to use 5EMA in 5min or 7SMA in 2min charts:

1) Draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. Change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, use the TSL numbers as another trend line and crossovers as triggers. Hope this helps.

2) In 20 days chart of 5 min, chose a big number EMA whose value is close to ChannasriSAR for that day. For example, 500EMA in 5min chart of 20days is @8203 by EOD. This can become the reference. However, one has to look for a closer one on daily basis. I mean, 600EMA in 5min chart of 20days can be closer to ChannasriSAR for the next trading session.

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 18-5-2015:

Nifty: 8217 (This is Channasri SAR)
TSL for longs: 8225 (This is trailing stop loss for shorts)
SL for shorts (if trend reverses): 8200 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty No. for positional shorts (if trend reverses): 8185 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8250-8280 level is critical.

Bank Nifty: 18006
TSL for longs: 18075
SL for shorts (if trend reverses): 18006
Bank Nifty No. for positional shorts (if trend reverses): 17950
Bank Nifty intraday: 18050 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.

I have these suggestions to use 5EMA in 5min or 7SMA in 2min charts:

1) Draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. Change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, use the TSL numbers as another trend line and crossovers as triggers. Hope this helps.

2) In 20 days chart of 5 min, chose a big number EMA whose value is close to ChannasriSAR for that day. For example, 500EMA in 5min chart of 20days can become the reference. However, one has to look for a closer one on daily basis. Thus, 600EMA in 5min chart of 20days can be closer to ChannasriSAR for the next trading session.

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