iCharts Discussions

[channasri]

Dear novice traders,

Nifty is rising. However, O.I. (open interest) is coming down and stays at low levels (about 13.5 millions against desired level of more than 20 millions). This means, this rally is yet to gather strength. Why I am saying like this? Low O.I. means, shorts are less. As Nifty rises, short covering effect is therefore less. Nifty has to rise on buying support alone. If O.I. is more, when Nifty rises, short covering adds strength to strength i.e., buying support.

One more thing: On 14-5-2015 EOD (end of day), 50D SMA gave a negative cross over on 100D SMA. This is a caution for bulls.

In the remaining part of May series, options writing will be better than longs in options. This is because of time decay effect. Option writing requires same margin as buying futures. However, time decay effect makes writing a PUT option better than buying a CALL option. Trade safe. Capital protection is most important.

Please note Channasri SARs for 19-5-2015:

Nifty: 8247 (This is Channasri SAR)
TSL for longs: 8280 (This is trailing stop loss for shorts)
SL for shorts (if trend reverses): 8240 (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): 8225 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8320-8350 level is critical.

Bank Nifty: 18074
TSL for longs: 18132
SL for shorts (if trend reverses): 18050
Bank Nifty No. for positional shorts (if trend reverses): 18050
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 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, 600EMA in 5min chart of 20days is currently close to ChannasriSAR of Nifty. However, one will have to look for a EMA No. on daily basis.

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]

ChannasriSAR for 20-5-2015:
Nifty: 8258
Bank nifty: 18134

Regards,
Channasri

[channasri]

Be careful with longs.

ChannasriSAR for 21-5-2015:
Nifty: 8303 (TSL 8335)
Bank nifty: 18223 (TSL 18327)

Regards,
Channasri

[channasri]

ChannasriSAR for 22-5-2015:
Nifty: 8327 (TSL 8354)
Bank nifty: 18288 (TSL 18362)

Regards,
Channasri

[channasri]

Hi,

Please note Channasri SARs for 25-5-2015:

Nifty: 8358 (This is Channasri SAR)
TSL for longs: 8387 (This is trailing stop loss for shorts)
SL for shorts (if trend reverses): 8350 (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): 8350 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8450 level is critical.

Bank Nifty: 18338
TSL for longs: 18400
SL for shorts (if trend reverses): 18300
Bank Nifty No. for positional shorts (if trend reverses): 18300
Bank Nifty intraday: 18350 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 like 500 to 1,000 whose value is close to ChannasriSAR for that day. One will have to look for a EMA No. like this on daily basis.

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 26-5-2015:

Nifty: 8361 (This is Channasri SAR)
TSL for longs: 8384 (This is trailing stop loss for shorts)
SL for shorts (if trend reverses): 8350 (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): 8350 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8375 level is critical.

Bank Nifty: 18339
TSL for longs: 18339
SL for shorts (if trend reverses): 18300
Bank Nifty No. for positional shorts (if trend reverses): 18300
Bank Nifty intraday: 18350 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 like 500 to 1,000 whose value is close to ChannasriSAR for that day. One will have to look for a EMA No. like this on daily basis.

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 27-5-2015:

Nifty: 8365 (This is Channasri SAR)
TSL for shorts: 8365 (This is trailing stop loss for shorts)
SL for longs (if trend reverses): 8375 (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): 8375 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8375 level is critical.

Bank Nifty: 18358
TSL for shorts: 18358
SL for longs (if trend reverses): 18400
Bank Nifty No. for positional longs (if trend reverses): 18400
Bank Nifty intraday: 18350 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 like 500 to 1,000 whose value is close to ChannasriSAR for that day. One will have to look for a EMA No. like this on daily basis.

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 28-5-2015:

Nifty: 8365 (This is Channasri SAR)
TSL for shorts: 8350 (This is trailing stop loss for shorts)
SL for longs (if trend reverses): 8375 (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): 8380 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8350 level is critical.

Bank Nifty: 18406
TSL for longs: 18450
SL for shorts (if trend reverses): 18350
Bank Nifty No. for positional longs (if trend reverses): 18350
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.

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/SMA like 500 to 1,000 whose value is close to ChannasriSAR for that day. One will have to look for a EMA/SMA No. like this on daily basis.

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 1-6-2015:

Nifty: 8378 (This is Channasri SAR)
TSL for longs: 8400 (This is trailing stop loss for shorts)
SL for shorts (if trend reverses): 8370 (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): 8370 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8450 level is critical.

Bank Nifty: 18487
TSL for longs: 18550
SL for shorts (if trend reverses): 18450
Bank Nifty No. for positional shorts (if trend reverses): 18450
Bank Nifty intraday: 18650 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/SMA like 500 to 1,000 whose value is close to ChannasriSAR for that day. One will have to look for a EMA/SMA No. like this on daily basis.

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 2-6-2015:

Nifty: 8389 (This is Channasri SAR)
TSL for longs: 8400 (This is trailing stop loss for shorts)
SL for shorts (if trend reverses): 8370 (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): 8370 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8450 level is critical.

Bank Nifty: 18509
TSL for longs: 18550
SL for shorts (if trend reverses): 18450
Bank Nifty No. for positional shorts (if trend reverses): 18450
Bank Nifty intraday: 18650 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/SMA like 500 to 1,000 whose value is close to ChannasriSAR for that day. One will have to look for a EMA/SMA No. like this on daily basis.

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 3-6-2015:

Nifty : 8358 (This is Channasri SAR)
TSL for shorts: 8300 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8370 (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): 8370 (This No. is to help
take a decision on
trend reversal day)
Nifty intraday: 8250 level is critical.

Bank Nifty: 18405
TSL for shorts: 18250
SL for longs (if trend reverses): 18450
Bank Nifty No. for positional longs (if trend reverses): 18450
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/SMA like 400 to 1,000 whose value is close to ChannasriSAR for that day. One will have to look for a EMA/SMA No. like this on daily basis.

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 ChannasriSAR for 4-6-2015:

Nifty : 8250 (This is Channasri SAR)
TSL for shorts: 8250 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8250 (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): 8250 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8150 level is critical.

Bank Nifty: 18150
TSL for shorts: 18100
SL for longs (if trend reverses): 18150
Bank Nifty No. for positional longs (if trend reverses): 18150
Bank Nifty intraday: 17800 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/SMA like 400 to 1,000 whose value is close to ChannasriSAR for that day. One will have to look for a EMA/SMA No. like this on daily basis.

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 ChannasriSAR for 5-6-2015:

Nifty : 8238 (This is Channasri SAR)
TSL for shorts: 8225 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8250 (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): 8250 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8150 level is critical.

Bank Nifty: 18100
TSL for shorts: 18100
SL for longs (if trend reverses): 18150
Bank Nifty No. for positional longs (if trend reverses): 18150
Bank Nifty intraday: 17800 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/SMA like 400 to 1,000 whose value is close to ChannasriSAR for that day. One will have to look for a EMA/SMA No. like this on daily basis.

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 ChannasriSAR for 8-6-2015:

Nifty : 8221 (This is Channasri SAR)
TSL for shorts: 8200 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8237 (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): 8237 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8150 level is critical.

Bank Nifty: 18000
TSL for shorts: 17900
SL for longs (if trend reverses): 18000
Bank Nifty No. for positional longs (if trend reverses): 18000
Bank Nifty intraday: 17650 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/SMA like 400 to 1,000 whose value is close to ChannasriSAR for that day. One will have to look for a EMA/SMA No. like this on daily basis.

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 consider my posts as of academic interest and make their own studies and trade on their own.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 10-6-2015:

Nifty : 8151 (This is Channasri SAR)
TSL for shorts: 8120 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8151 (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): 8151 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8030 level is critical.

Bank Nifty: 17838
TSL for shorts: 17705
SL for longs (if trend reverses): 17838
Bank Nifty No. for positional longs (if trend reverses): 17838
Bank Nifty intraday: 17550 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/SMA like 400 to 1,000 whose value is close to ChannasriSAR for that day. One will have to look for a EMA/SMA No. like this on daily basis.

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 consider my posts as of academic interest and make their own studies and trade on their own.

Best regards,
Channasri