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Trend is Aapthamithra
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Author Trend is Aapthamithra
channasri
Green Belt
Green Belt


Joined: 01 Aug 2012
Posts: 1029

Post: #361   PostPosted: Wed Jul 29, 2015 10:26 pm    Post subject: ChannasriSAR for 30-7-2015 Reply with quote

Hi,

Please note ChannasriSAR for 30-7-2015:

Nifty : 8470 (This is Channasri SAR)
TSL for shorts: 8430 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8470 (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): 8500 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8350 level is critical.

Bank Nifty: 18591
TSL for shorts: 18476
SL for longs (if trend reverses): 18600
Bank Nifty No. for positional longss (if trend reverses): 18600
Bank Nifty intraday: 18275 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
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channasri
Green Belt
Green Belt


Joined: 01 Aug 2012
Posts: 1029

Post: #362   PostPosted: Thu Jul 30, 2015 7:54 pm    Post subject: ChannasriSAR for 31-7-2015 Reply with quote

Hi,

Please note ChannasriSAR for 31-7-2015:

Nifty : 8458 (This is Channasri SAR)
TSL for shorts: 8428 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8470 (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): 8500 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8430 level is critical.

Bank Nifty: 18548
TSL for shorts: 18470
SL for longs (if trend reverses): 18580
Bank Nifty No. for positional longss (if trend reverses): 18600
Bank Nifty intraday: 18400 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
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channasri
Green Belt
Green Belt


Joined: 01 Aug 2012
Posts: 1029

Post: #363   PostPosted: Sat Aug 01, 2015 9:15 pm    Post subject: ChannasriSAR for 3-8-2015 Reply with quote

Hi,

Please note ChannasriSAR for 3-8-2015:

Nifty : 8471 (This is Channasri SAR)
TSL for longs: 8500 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8470 (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): 8450 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8500 level is critical.

Bank Nifty: 18574
TSL for longs: 18650
SL for shorts (if trend reverses): 18574
Bank Nifty No. for positional shorts (if trend reverses): 18574
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
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channasri
Green Belt
Green Belt


Joined: 01 Aug 2012
Posts: 1029

Post: #364   PostPosted: Mon Aug 03, 2015 10:40 pm    Post subject: ChannasriSAR for 4-8-2015 Reply with quote

Hi,

Please note ChannasriSAR for 4-8-2015:

Nifty : 8478 (This is Channasri SAR)
TSL for longs: 8510 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8470 (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): 8450 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8510 level is critical.

Bank Nifty: 18620
TSL for longs: 18690
SL for shorts (if trend reverses): 18600
Bank Nifty No. for positional shorts (if trend reverses): 18600
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
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channasri
Green Belt
Green Belt


Joined: 01 Aug 2012
Posts: 1029

Post: #365   PostPosted: Tue Aug 04, 2015 10:11 pm    Post subject: ChannasriSAR for 5-8-2015 Reply with quote

Hi,

Nifty and bank nifty have absorbed 'status quo' on policy rates. This shows the strength of bulls over bears. Markets are supreme. They can prove anybody wrong. As traders, we have to accept the verdict of markets - which can change any day, even intra-day.

Please note ChannasriSAR for 5-8-2015:

Nifty : 8480 (This is Channasri SAR)
TSL for longs: 8510 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8470 (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): 8450 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8510 level is critical.

Bank Nifty: 18672
TSL for longs: 18731
SL for shorts (if trend reverses): 18650
Bank Nifty No. for positional shorts (if trend reverses): 18650
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
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channasri
Green Belt
Green Belt


Joined: 01 Aug 2012
Posts: 1029

Post: #366   PostPosted: Wed Aug 05, 2015 9:13 pm    Post subject: ChannasriSAR for 6-8-2015 Reply with quote

Hi,

Please note ChannasriSAR for 6-8-2015:

Nifty : 8490 (This is Channasri SAR)
TSL for longs: 8515 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8490 (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): 8470 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8510 level is critical.

Bank Nifty: 18705
TSL for longs: 18782
SL for shorts (if trend reverses): 18700
Bank Nifty No. for positional shorts (if trend reverses): 18700
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
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channasri
Green Belt
Green Belt


Joined: 01 Aug 2012
Posts: 1029

Post: #367   PostPosted: Thu Aug 06, 2015 11:28 pm    Post subject: ChannasriSAR for 7-8-2015 Reply with quote

Hi,

Please note ChannasriSAR for 7-8-2015:

Nifty : 8507 (This is Channasri SAR)
TSL for longs: 8528 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8500 (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): 8490 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8550 level is critical.

Bank Nifty: 18767
TSL for longs: 18849
SL for shorts (if trend reverses): 18750
Bank Nifty No. for positional shorts (if trend reverses): 18750
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
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channasri
Green Belt
Green Belt


Joined: 01 Aug 2012
Posts: 1029

Post: #368   PostPosted: Sun Aug 09, 2015 5:39 pm    Post subject: ChannasriSAR for 10-8-2015 Reply with quote

Hi,

Please note ChannasriSAR for 10-8-2015:

Nifty : 8520 (This is Channasri SAR)
TSL for longs: 8543 (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: 8550 level is critical.

Bank Nifty: 18796
TSL for longs: 18865
SL for shorts (if trend reverses): 18775
Bank Nifty No. for positional shorts (if trend reverses): 18750
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
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channasri
Green Belt
Green Belt


Joined: 01 Aug 2012
Posts: 1029

Post: #369   PostPosted: Mon Aug 10, 2015 10:49 pm    Post subject: ChannasriSAR for 11-8-2015 Reply with quote

Hi,

Please note ChannasriSAR for 11-8-2015:

Nifty : 8526 (This is Channasri SAR)
TSL for longs: 8526 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8526 (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): 8526 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8550 level is critical.

Bank Nifty: 18830
TSL for longs: 18830
SL for shorts (if trend reverses): 18775
Bank Nifty No. for positional shorts (if trend reverses): 18750
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
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channasri
Green Belt
Green Belt


Joined: 01 Aug 2012
Posts: 1029

Post: #370   PostPosted: Tue Aug 11, 2015 10:25 pm    Post subject: ChannasriSAR for 12-8-2015 Reply with quote

Hi,

Please note ChannasriSAR for 12-8-2015:

Nifty : 8520 (This is Channasri SAR)
TSL for shorts: 8487 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8530 (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): 8530 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8490 level is critical.

Bank Nifty: 18809
TSL for shorts: 18700
SL for longs (if trend reverses): 18809
Bank Nifty No. for positional longs (if trend reverses): 18809
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
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channasri
Green Belt
Green Belt


Joined: 01 Aug 2012
Posts: 1029

Post: #371   PostPosted: Wed Aug 12, 2015 10:34 pm    Post subject: ChannasriSAR for 13-8-2015 Reply with quote

Hi,

Please note ChannasriSAR for 13-8-2015:

Nifty : 8490 (This is Channasri SAR)
TSL for shorts: 8450 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8500 (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: 8320 level is critical.

Bank Nifty: 18679
TSL for shorts: 18500
SL for longs (if trend reverses): 18679
Bank Nifty No. for positional longs (if trend reverses): 18679
Bank Nifty intraday: 18150 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
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channasri
Green Belt
Green Belt


Joined: 01 Aug 2012
Posts: 1029

Post: #372   PostPosted: Thu Aug 13, 2015 10:15 pm    Post subject: ChannasriSAR for 14-8-2015 Reply with quote

Hi,

Please note ChannasriSAR for 14-8-2015:

Nifty : 8467 (This is Channasri SAR)
TSL for shorts: 8439 (This is trailing stop loss for overnight carried
positions)
SL for longs (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): 8490 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8320 level is critical.

Bank Nifty: 18593
TSL for shorts: 18450
SL for longs (if trend reverses): 18600
Bank Nifty No. for positional longs (if trend reverses): 18600
Bank Nifty intraday: 18150 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
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channasri
Green Belt
Green Belt


Joined: 01 Aug 2012
Posts: 1029

Post: #373   PostPosted: Sat Aug 15, 2015 4:53 pm    Post subject: ChannasriSAR for 17-8-2015 Reply with quote

Hi,

Please note ChannasriSAR for 17-8-2015:

Nifty : 8479 (This is Channasri SAR)
TSL for longs: 8479 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8460 (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): 8460 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8490 level is critical.

Bank Nifty: 18620
TSL for longs: 18650
SL for shorts (if trend reverses): 18600
Bank Nifty No. for positional shorts (if trend reverses): 18550
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
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channasri
Green Belt
Green Belt


Joined: 01 Aug 2012
Posts: 1029

Post: #374   PostPosted: Mon Aug 17, 2015 9:58 pm    Post subject: ChannasriSAR for 18-8-2015 Reply with quote

Dear novice traders,

We are in a sideways market. In other words, clear trend will emerge in a few days of time. Till then, concentrate on protecting the trading capital.

Please note ChannasriSAR for 18-8-2015:

Nifty : 8476 (This is Channasri SAR)
TSL for longs: 8476 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8476 (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): 8476 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8490 level is critical.

Bank Nifty: 18653
TSL for longs: 18750
SL for shorts (if trend reverses): 18600
Bank Nifty No. for positional shorts (if trend reverses): 18600
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
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channasri
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Joined: 01 Aug 2012
Posts: 1029

Post: #375   PostPosted: Tue Aug 18, 2015 9:00 pm    Post subject: ChannasriSAR for 19-8-2015 Reply with quote

Hi,

Sideways movements have continued.

Please note ChannasriSAR for 19-8-2015:

Nifty : 8471 (This is Channasri SAR)
TSL for shorts: 8471 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8490 (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): 8490 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8490 level is critical.

Bank Nifty: 18662
TSL for longs: 18750
SL for shorts (if trend reverses): 18620
Bank Nifty No. for positional shorts (if trend reverses): 18600
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
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View user's profile Send private message
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