iCharts Discussions

[channasri]

Hi,

Please note ChannasriSARs for 3-7-2015:

Nifty : 8383 (This is Channasri SAR)
TSL for longs: 8396 (This is trailing stop loss for overnight carried
positions)
SL for shorts (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 shorts (if trend reverses): 8360 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8410 level is critical.

Bank Nifty: 18397
TSL for longs: 18481
SL for shorts (if trend reverses): 18370
Bank Nifty No. for positional shorts (if trend reverses): 18370
Bank Nifty intraday: 18500 level is critical.

I prefer to use 5 EMA in 3 or 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]

Dear Novice traders,

Greece said NO in the referendum. Expect huge volatility going forward. Believe only in PRICE.

Please note ChannasriSARs for 6-7-2015:

Nifty : 8406 (This is Channasri SAR)
TSL for longs: 8422 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8400 (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): 8400 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8470 level is critical.

Bank Nifty: 18472
TSL for longs: 18521
SL for shorts (if trend reverses): 18472
Bank Nifty No. for positional shorts (if trend reverses): 18450
Bank Nifty intraday: 18650 level is critical.

I prefer to use 5 EMA in 3 or 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]

Please note ChannasriSAR for 7-7-2015:

Nifty : 8430 (This is Channasri SAR)
TSL for longs: 8448 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8420 (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): 8420 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8470 level is critical.

Bank Nifty: 18543
TSL for longs: 18600
SL for shorts (if trend reverses): 18500
Bank Nifty No. for positional shorts (if trend reverses): 18500
Bank Nifty intraday: 18800 level is critical.

I prefer to use 5 EMA in 3 or 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]

Please note ChannasriSAR for 9-7-2015:

Nifty : 8431 (This is Channasri SAR)
TSL for shorts: 8417 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8431 (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): 8440 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8350 level is critical.

Bank Nifty: 18570
TSL for shorts: 18525
SL for longs (if trend reverses): 18600
Bank Nifty No. for positional longs (if trend reverses): 18600
Bank Nifty intraday: 18450 level is critical.

I prefer to use 5 EMA in 3 or 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 10-7-2015:

Nifty : 8415 (This is Channasri SAR)
TSL for shorts: 8410 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8430 (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): 8430 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8350 level is critical.

Bank Nifty: 18567
TSL for shorts: 18525
SL for longs (if trend reverses): 18600
Bank Nifty No. for positional longs (if trend reverses): 18600
Bank Nifty intraday: 18450 level is critical.

I prefer to use 5 EMA in 3 or 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 13-7-2015:

Nifty : 8408 (This is Channasri SAR)
TSL for shorts: 8392 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8430 (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): 8430 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8350 level is critical.

Bank Nifty: 18610
TSL for longs: 18650
SL for shorts (if trend reverses): 18600
Bank Nifty No. for positional longs (if trend reverses): 18600
Bank Nifty intraday: 18650 level is critical.

I prefer to use 5 EMA in 3 or 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,

Hoding 8415, nifty is likely to march towards 8510.

Please note ChannasriSAR for 14-7-2015:

Nifty : 8421 (This is Channasri SAR)
TSL for longs: 8421 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8400 (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): 8400 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8415 level is critical.

Bank Nifty: 18676
TSL for longs: 18750
SL for shorts (if trend reverses): 18650
Bank Nifty No. for positional shorts (if trend reverses): 18650
Bank Nifty intraday: 18750 level is critical.

I prefer to use 5 EMA in 3 or 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,

Hoding 8415, nifty is likely to march towards 8510.

Please note ChannasriSAR for 15-7-2015:

Nifty : 8430 (This is Channasri SAR)
TSL for longs: 8430 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8410 (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): 8400 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8415 level is critical.

Bank Nifty: 18706
TSL for longs: 18750
SL for shorts (if trend reverses): 18650
Bank Nifty No. for positional shorts (if trend reverses): 18650
Bank Nifty intraday: 18750 level is critical.

I prefer to use 5 EMA in 3 or 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,

Hoding 8415, nifty is likely to march towards 8510.

Please note ChannasriSAR for 15-7-2015:

Nifty : 8430 (This is Channasri SAR)
TSL for longs: 8430 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8410 (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): 8400 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8415 level is critical.

Bank Nifty: 18706
TSL for longs: 18750
SL for shorts (if trend reverses): 18650
Bank Nifty No. for positional shorts (if trend reverses): 18650
Bank Nifty intraday: 18750 level is critical.

I prefer to use 5 EMA in 3 or 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,

Hoding 8415, nifty is likely to march towards 8510.

Please note ChannasriSAR for 15-7-2015:

Nifty : 8430 (This is Channasri SAR)
TSL for longs: 8430 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8410 (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): 8400 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8415 level is critical.

Bank Nifty: 18706
TSL for longs: 18750
SL for shorts (if trend reverses): 18650
Bank Nifty No. for positional shorts (if trend reverses): 18650
Bank Nifty intraday: 18750 level is critical.

I prefer to use 5 EMA in 3 or 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,

After consolidation around 8450, Nifty made a nice upmove. Now it has to stay above 8510 to conquer 8550-8600.

Please note ChannasriSAR for 16-7-2015:

Nifty : 8447 (This is Channasri SAR)
TSL for longs: 8470 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8430 (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): 8430 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8510 level is critical.

Bank Nifty: 18729
TSL for longs: 18758
SL for shorts (if trend reverses): 18700
Bank Nifty No. for positional shorts (if trend reverses): 18675
Bank Nifty intraday: 18750 level is critical.

I prefer to use 5 EMA in 3 or 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,

Nifty's daily and lower time frames are overbought. This may lead to consolidation/correction kind of moves. EOD is above upper band of Bollinger's band (20,2) and weekly charts indicate more upside.

Please note ChannasriSAR for 17-7-2015:

Nifty : 8475 (This is Channasri SAR)
TSL for longs: 8500 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8475 (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): 8475 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8510 level is critical.

Bank Nifty: 18850
TSL for longs: 18950
SL for shorts (if trend reverses): 18850
Bank Nifty No. for positional shorts (if trend reverses): 18850
Bank Nifty intraday: 19150 level is critical.

I prefer to use 5 EMA in 3 or 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,

I am happy to share the performance of ChannasriSAR for about 28 months - from 26-3-2013 to 17-7-2015.

Nifty's weekly charts indicate more upside. However, overbought daily charts may lead to some correction. Market's decision is final.

Please note ChannasriSAR for 20-7-2015:

Nifty : 8497 (This is Channasri SAR)
TSL for longs: 8524 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8497 (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): 8485 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8570 level is critical.

Bank Nifty: 18863
TSL for longs: 18950
SL for shorts (if trend reverses): 18850
Bank Nifty No. for positional shorts (if trend reverses): 18850
Bank Nifty intraday: 19150 level is critical.

I prefer to use 5 EMA in 3 or 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 21-7-2015:

Nifty : 8517 (This is Channasri SAR)
TSL for longs: 8548 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8510 (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): 8500 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8570 level is critical.

Bank Nifty: 18901
TSL for longs: 18968
SL for shorts (if trend reverses): 18875
Bank Nifty No. for positional shorts (if trend reverses): 18850
Bank Nifty intraday: 19150 level is critical.

I prefer to use 5 EMA in 3 or 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,

Daily charts of Nifty turned down with hourly T/F in oversold condition. 8500-8510 is crucial support while 8550 (5D EMA=8552) should be conquered decisively to regain upward momentum. Bank nifty is near to its crucial support of 18650.

Please note ChannasriSAR for 22-7-2015:

Nifty : 8521 (This is Channasri SAR)
TSL for longs: 8521 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8510 (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): 8510 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8570 level is critical.

Bank Nifty: 18873
TSL for shorts: 18800
SL for longs (if trend reverses): 18900
Bank Nifty No. for positional longss (if trend reverses): 18925
Bank Nifty intraday: 19650 level is critical.

I prefer to use 5 EMA in 3 or 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