iCharts Discussions

channasri · Green Belt Joined: 01 Aug 2012 Posts: 1029

Hi,

Please note ChannasriSAR for 20-8-2015:

Nifty : 8471 (This is Channasri SAR)
TSL for longs: 8471 (This is trailing stop loss for overnight carried
positions)
SL for shorts (if trend reverses): 8450 (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: 8450 level is critical.

Bank Nifty: 18655
TSL for longs: 18680
SL for shorts (if trend reverses): 18630
Bank Nifty No. for positional shorts (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 · Green Belt Joined: 01 Aug 2012 Posts: 1029

Hi,

Please note ChannasriSAR for 21-8-2015:

Nifty : 8447 (This is Channasri SAR)
TSL for shorts: 8430 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8450 (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): 8450 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8330 level is critical.

Bank Nifty: 18563
TSL for shorts: 18405
SL for longs (if trend reverses): 18563
Bank Nifty No. for positional longs (if trend reverses): 18563
Bank Nifty intraday: 18300 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 · Green Belt Joined: 01 Aug 2012 Posts: 1029

Hi,

I am anticipating a corrective bull rally. It has to conquer 8450-8490 range to scale further upside levels. Crude extending bearish wave is a good news for India. However, Market's verdict is final.

Please note ChannasriSAR for 24-8-2015:

Nifty : 8415 (This is Channasri SAR)
TSL for shorts: 8320 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8415 (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): 8415 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 8300 level is critical.

Bank Nifty: 18454
TSL for shorts: 18150
SL for longs (if trend reverses): 18454
Bank Nifty No. for positional longs (if trend reverses): 18454
Bank Nifty intraday: 18100 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 · Green Belt Joined: 01 Aug 2012 Posts: 1029

Dear novice traders,

Last triggers for Nifty and Bank Nifty:
Nifty @ 8471 on 20 Aug 2015
Bank Nifty @ 18655 on 20 Aug 2015
Result is in front of you.

At the same time, please recollect that there were some small trades prior to this huge gain. This sums up the importance of following a time tested and good method.

Nifty closed @ 7809. ChannasriSAR is @ 8298. This huge difference actually protects from volatilities such as a rapid, corrective rise and gap up openings. Ideally, one should book profits and exit positions when such huge gains are made in a day and wait for next trigger from a chosen, time tested, good method.

Please note Channasri SAR for 25-8-2015:

Nifty : 8298 (This is CSL SAR)
TSL for shorts: 8248 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8298 (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): 8298 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 7950 level is critical.

Bank Nifty: 18140
TSL for shorts: 17993
SL for longs (if trend reverses): 18140
Bank Nifty No. for positional longs (if trend reverses): 18140
Bank Nifty intraday: 17000 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 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.

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 · Green Belt Joined: 01 Aug 2012 Posts: 1029

Dear novice traders,

Yesterday I had written this:

Nifty closed @ 7809. ChannasriSAR is @ 8298. This huge difference actually protects from volatilities such as a rapid, corrective rise and gap up openings. Ideally, one should book profits and exit positions when such huge gains are made in a day and wait for next trigger from a chosen, time tested, good method.

I am happy to see that its importance has been proved by the market itself.

Please note Channasri SAR for 26-8-2015:

Nifty : 8220 (This is CSL SAR)
TSL for shorts: 8143 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8220 (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): 8220 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 7950 level is critical.

Bank Nifty: 17967
TSL for shorts: 17766
SL for longs (if trend reverses): 17967
Bank Nifty No. for positional longs (if trend reverses): 17967
Bank Nifty intraday: 17150 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 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.

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 · Green Belt Joined: 01 Aug 2012 Posts: 1029

Dear novice traders,

Please note Channasri SAR for 27-8-2015:

Nifty : 8136 (This is Channasri SAR)
TSL for shorts: 8031 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8136 (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): 8136 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 7850 level is critical.

Bank Nifty: 17768
TSL for shorts: 17500
SL for longs (if trend reverses): 17768
Bank Nifty No. for positional longs (if trend reverses): 17768
Bank Nifty intraday: 17050 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 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.

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 · Green Belt Joined: 01 Aug 2012 Posts: 1029

Hi,

Please note Channasri SAR for 28-8-2015:

Nifty : 8097 (This is Channasri SAR)
TSL for shorts: 8014 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8097 (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): 8097 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 7850 level is critical.

Bank Nifty: 17652
TSL for shorts: 17442
SL for longs (if trend reverses): 17652
Bank Nifty No. for positional longs (if trend reverses): 17652
Bank Nifty intraday: 17200 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 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.

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 · Green Belt Joined: 01 Aug 2012 Posts: 1029

Hi,

Please note Channasri SAR for 31-8-2015:

Nifty : 8068 (This is Channasri SAR)
TSL for shorts: 8008 (This is trailing stop loss for overnight carried
positions)
SL for longs (if trend reverses): 8080 (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): 8080 (This No. is to help
take a decision on trend reversal day)
Nifty intraday: 7950 level is critical.

Bank Nifty: 17535
TSL for shorts: 17364
SL for longs (if trend reverses): 17535
Bank Nifty No. for positional longs (if trend reverses): 17535
Bank Nifty intraday: 17200 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 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.

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 · Green Belt Joined: 01 Aug 2012 Posts: 1029

Dear novice traders,

Sometime in June I cautioned about death cross (negative crossover of 50D SMA over 200D SMA) and mentioned that the underlying scrip would usually be oversold when such a phenomenon occurs.

Nifty behaved in same way. There was bounce and attempt to rise from oversold levels. However, the rise due to bounce was absorbed, Nifty started crashing. The effect is seen by all of us in the recent past trading sessions. Meanwhile, Channasri SAR has been able to protect SHORTS from voltalities.

Going forward, 7950 will be the level to watch.

Please note Channasri SAR for 1-9-2015:

Nifty : 8033 (This is Channasri SAR in spot)
TSL for shorts: 8000 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8050 (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): 8050 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 7950 level is critical.

Bank Nifty: 17413
TSL for shorts: 17312
SL for longs (if trend reverses): 17413
Bank Nifty No. for positional longs (if trend reverses): 17413 Bank Nifty intraday: 17200 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 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.

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 · Green Belt Joined: 01 Aug 2012 Posts: 1029

Hi,

Please note Channasri SAR for 2-9-2015:

Nifty : 7967 (This is Channasri SAR in spot)
TSL for shorts: 7938 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7967 (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): 7967 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 7750 level is critical.

Bank Nifty: 17193
TSL for shorts: 17082
SL for longs (if trend reverses): 17413
Bank Nifty No. for positional longs (if trend reverses): 17193 Bank Nifty intraday: 16500 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 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.

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 · Green Belt Joined: 01 Aug 2012 Posts: 1029

Hi,

Please note Channasri SAR for 3-9-2015:

Nifty : 7898 (This is Channasri SAR in spot)
TSL for shorts: 7865 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7898 (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): 7898 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 7750 level is critical.

Bank Nifty: 16958
TSL for shorts: 16829
SL for longs (if trend reverses): 16958
Bank Nifty No. for positional longs (if trend reverses): 16958 Bank Nifty intraday: 16200 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 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.

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 · Green Belt Joined: 01 Aug 2012 Posts: 1029

Hi,

Please note Channasri SAR for 4-9-2015:

Nifty : 7877 (This is Channasri SAR in spot)
TSL for shorts: 7845 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7877 (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): 7885 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 7830 level is critical.

Bank Nifty: 16865
TSL for shorts: 16730
SL for longs (if trend reverses): 16865
Bank Nifty No. for positional longs (if trend reverses): 16865 Bank Nifty intraday: 16500 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 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.

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 · Green Belt Joined: 01 Aug 2012 Posts: 1029

Hi,

Please note Channasri SAR for 7-9-2015:

Nifty : 7825 (This is Channasri SAR in spot)
TSL for shorts: 7799 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7825 (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): 7825 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 7650 level is critical.

Bank Nifty: 16694
TSL for shorts: 16573
SL for longs (if trend reverses): 16694
Bank Nifty No. for positional longs (if trend reverses): 16694 Bank Nifty intraday: 16200 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 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.

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 · Green Belt Joined: 01 Aug 2012 Posts: 1029

Hi,

Please note Channasri SAR for 8-9-2015:

Nifty : 7777 (This is Channasri SAR in spot)
TSL for shorts: 7744 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7777 (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): 7777 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 7550 level is critical.

Bank Nifty: 16522
TSL for shorts: 16388
SL for longs (if trend reverses): 16522
Bank Nifty No. for positional longs (if trend reverses): 16388 Bank Nifty intraday: 15750 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 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.

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 · Green Belt Joined: 01 Aug 2012 Posts: 1029

Hi,

Please note Channasri SAR for 10-9-2015:

Nifty : 7766 (This is Channasri SAR in spot)
TSL for longs: 7766 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7750 (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): 7750 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 7750 level is critical.

Bank Nifty: 16482
TSL for longs: 16482
SL for shorts (if trend reverses): 16482
Bank Nifty No. for positional shorts (if trend reverses): 16482
Bank Nifty intraday: 16500 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 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.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading in nifty and bank 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