iCharts Discussions

[channasri]

Hi,

Please note Channasri SAR for 11-9-2015:

Nifty : 7761 (This is Channasri SAR in spot)
TSL for longs: 7775 (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: 16470
TSL for longs: 16527
SL for shorts (if trend reverses): 16470
Bank Nifty No. for positional shorts (if trend reverses): 16470
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

[channasri]

Hi,

Please note Channasri SAR for 14-9-2015:

Nifty : 7759 (This is Channasri SAR in spot)
TSL for longs: 7769 (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: 16474
TSL for longs: 16513
SL for shorts (if trend reverses): 16470
Bank Nifty No. for positional shorts (if trend reverses): 16470
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 of icharts 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 prefer to use 5EMA in 5min or 7SMA in 2min charts of icharts and ChannasriSAR in the following way:

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

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. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note Channasri SAR for 15-9-2015:

Nifty : 7775 (This is Channasri SAR in spot)
TSL for longs: 7806 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7760 (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: 7800 level is critical.

Bank Nifty: 16541
TSL for longs: 16609
SL for shorts (if trend reverses): 16541
Bank Nifty No. for positional shorts (if trend reverses): 16541
Bank Nifty intraday: 16750 level is critical.

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts 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 prefer to use 5EMA in 5min or 7SMA in 2min charts of icharts and ChannasriSAR in the following way:

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

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. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note Channasri SAR for 16-9-2015:

Nifty : 7781 (This is Channasri SAR in spot)
TSL for longs: 7800 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7760 (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: 7800 level is critical.

Bank Nifty: 16566
TSL for longs: 16640
SL for shorts (if trend reverses): 16560
Bank Nifty No. for positional shorts (if trend reverses): 16550
Bank Nifty intraday: 16750 level is critical.

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts 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 prefer to use 5EMA in 5min or 7SMA in 2min charts of icharts and ChannasriSAR in the following way:

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

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. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Nifty and bank nifty are at critical levels. Bank nifty has to conquer 17650 while nifty has to conquer 8030 first and then 8165. Then only higher levels will be realised.

Please note Channasri SAR for 21-9-2015:

Nifty : 7843 (This is Channasri SAR in spot)
TSL for longs: 7872 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7840 (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): 7840 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 7950 level is critical.

Bank Nifty: 16814
TSL for longs: 16920
SL for shorts (if trend reverses): 16800
Bank Nifty No. for positional shorts (if trend reverses): 16800
Bank Nifty intraday: 17400 level is critical.

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts 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 prefer to use 5EMA in 5min or 7SMA in 2min charts of icharts and ChannasriSAR in the following way:

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

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. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note Channasri SAR for 22-9-2015:

Nifty : 7873 (This is Channasri SAR in spot)
TSL for longs: 7907 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7873 (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): 7860 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 7950 level is critical.

Bank Nifty: 16970
TSL for longs: 17107
SL for shorts (if trend reverses): 16970
Bank Nifty No. for positional shorts (if trend reverses): 16970
Bank Nifty intraday: 17650 level is critical.

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts 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 prefer to use 5EMA in 5min or 7SMA in 2min charts of icharts and ChannasriSAR in the following way:

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

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. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note Channasri SAR for 24-9-2015:

Nifty : 7868 (This is Channasri SAR in spot)
TSL for shorts: 7868 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7880 (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): 7890 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 7850 level is critical.

Bank Nifty: 17068
TSL for longs: 17145
SL for shorts (if trend reverses): 17068
Bank Nifty No. for positional shorts (if trend reverses): 17000
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 of icharts 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 prefer to use 5EMA in 5min or 7SMA in 2min charts of icharts and ChannasriSAR in the following way:

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

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. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Dear novice traders,

Be careful on eventful days. The forthcoming RBI policy on 29th could be one such day. At the same time, nifty and bank nifty are in different directions as per Channasri SAR. The week starting from 28th could align the two indices. This is however, my calculation. Market's verdict is final.

Please note Channasri SAR for 28-9-2015:

Nifty : 7872 (This is Channasri SAR in spot)
TSL for shorts: 7872 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7880 (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): 7890 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 7850 level is critical.

Bank Nifty: 17112
TSL for longs: 17147
SL for shorts (if trend reverses): 17100
Bank Nifty No. for positional shorts (if trend reverses): 17000
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 of icharts 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 prefer to use 5EMA in 5min or 7SMA in 2min charts of icharts and ChannasriSAR in the following way:

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

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. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[AMBY]

THANK YOU.

[channasri]

Hi,

Nifty and bank nifty staged a smart recovery from the lows of the day. There is a caution: FIIs have sold about 1,112 crores of stocks in cash.

Please note Channasri SAR for 30-9-2015:

Nifty : 7861 (This is Channasri SAR in spot)
TSL for shorts: 7852 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7880 (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): 7890 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 7850 level is critical.

Bank Nifty: 17176
TSL for longs: 17189
SL for shorts (if trend reverses): 17150
Bank Nifty No. for positional shorts (if trend reverses): 17100
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 of icharts 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 prefer to use 5EMA in 5min or 7SMA in 2min charts of icharts and ChannasriSAR in the following way:

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

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. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[lotus1810]

the Monthly candle looks like its going to be a DOJI if todays close is around 7850, then is the Channasari SAR is 7852 (SPOT i believe) then next month will be massive 700 pts rally Upside or downside --- pls guide from long point of view the monthly Channasari levls pls.... thanks in advance

[channasri]

@lotus1810,

My SAR numbers are in spot only. My updates are based on daily charts. Monthly charts are indicating downtrend. Monthly charts trend line resistance is at about 8470. Nifty has target of 7450-7475 on the downside. For trading purpose, we are in a sideways market.

Price behaviour is the most fundamental thing.

Please note Channasri SAR for 01-10-2015:

Nifty : 7879 (This is Channasri SAR in spot)
TSL for longs: 7900 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7879 (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): 7860 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 7950 level is critical.

Bank Nifty: 17197
TSL for longs: 17204
SL for shorts (if trend reverses): 17180
Bank Nifty No. for positional shorts (if trend reverses): 17100
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 of icharts 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 prefer to use 5EMA in 5min or 7SMA in 2min charts of icharts and ChannasriSAR in the following way:

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

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. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Please note Channasri SAR for 06-10-2015:

Nifty : 7932 (This is Channasri SAR in spot)
TSL for longs: 7955 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7930 (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): 7900 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8125 level is critical.

Bank Nifty: 17286
TSL for longs: 17375
SL for shorts (if trend reverses): 17280
Bank Nifty No. for positional shorts (if trend reverses): 17250
Bank Nifty intraday: 17700 level is critical.

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts 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 prefer to use 5EMA in 5min or 7SMA in 2min charts of icharts and ChannasriSAR in the following way:

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

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. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Please note Channasri SAR for 07-10-2015:

Nifty : 7973 (This is Channasri SAR in spot)
TSL for longs: 8009 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7973 (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): 7973 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8125 level is critical.

Bank Nifty: 17349
TSL for longs: 17450
SL for shorts (if trend reverses): 17349
Bank Nifty No. for positional shorts (if trend reverses): 17349
Bank Nifty intraday: 17650 level is critical.

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts 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 prefer to use 5EMA in 5min or 7SMA in 2min charts of icharts and ChannasriSAR in the following way:

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

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. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Dear novice traders,

Beware of possible position building in various scrips - especially nifty in view of the revised lot sizes from November series. Apart from the technicals such as correction for the fall from the all time high level of 9119 to the recent low of 7500s positive divergence from the oversold levels, the ongoing bull rally could also be a set up designed by bigger players to trap retail traders. Market's verdict is final.

Please note Channasri SAR for 12-10-2015:

Nifty : 8073 (This is Channasri SAR in spot)
TSL for longs: 8110 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8073 (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): 8073 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8200 level is critical.

Bank Nifty: 17456
TSL for longs: 17498
SL for shorts (if trend reverses): 17450
Bank Nifty No. for positional shorts (if trend reverses): 17400
Bank Nifty intraday: 17650 level is critical.

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts 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 prefer to use 5EMA in 5min or 7SMA in 2min charts of icharts and ChannasriSAR in the following way:

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

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. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri