iCharts Discussions

[channasri]

Please note Channasri SAR for 13-10-2015:

Nifty : 8094 (This is Channasri SAR in spot)
TSL for longs: 8122 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8094 (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): 8085 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8200 level is critical.

Bank Nifty: 17487
TSL for longs: 17517
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

[channasri]

Please note Channasri SAR for 14-10-2015:

Nifty showed its nervousness when it came in the region around Channasri SAR - just as usual. GOD is great. Market's verdict is final.

Nifty : 8135 (This is Channasri SAR in spot)
TSL for longs: 8135 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8120 (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): 8100 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8150 level is critical.

Bank Nifty: 17514
TSL for longs: 17539
SL for shorts (if trend reverses): 17475
Bank Nifty No. for positional shorts (if trend reverses): 17450
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]

Please note Channasri SAR for 15-10-2015:

Nifty continued its nervousness in the region around Channasri SAR but settled on the SHORT side. SGX nifty as of now atleast supporting some more downside in the first half of 15-10-2015. DJIA is also trading down. Let's see how will be market's verdict.

Nifty: 8120 (This is Channasri SAR in spot)
TSL for shorts: 8120 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8135 (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): 8150 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8150 level is critical.

Bank Nifty: 17580
TSL for shorts: 17539
SL for longs (if trend reverses): 17580
Bank Nifty No. for positional longs (if trend reverses): 17600
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 19-10-2015:

Nifty: 8160 (This is Channasri SAR in spot)
TSL for longs: 8165 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8135 (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): 8150 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8230 level is critical.

Bank Nifty: 17644
TSL for longs: 17714
SL for shorts (if trend reverses): 17644
Bank Nifty No. for positional shorts (if trend reverses): 17644
Bank Nifty intraday: 17950 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 20-10-2015:

Nifty: 8183 (This is Channasri SAR in spot)
TSL for longs: 8197 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8175 (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): 8175 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8240 level is critical.

Bank Nifty: 17681
TSL for longs: 17751
SL for shorts (if trend reverses): 17681
Bank Nifty No. for positional shorts (if trend reverses): 17650
Bank Nifty intraday: 17950 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 21-10-2015:

Nifty: 8199 (This is Channasri SAR in spot)
TSL for longs: 8218 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8185 (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): 8175 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8240 level is critical.

Bank Nifty: 17713
TSL for longs: 17763
SL for shorts (if trend reverses): 17700
Bank Nifty No. for positional shorts (if trend reverses): 17700
Bank Nifty intraday: 17750 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 23-10-2015:

Nifty: 8208 (This is Channasri SAR in spot)
TSL for longs: 8226 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8195 (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): 8175 (This No. is to help take a decision on trend reversal day)
Nifty intraday: 8240 level is critical.

Bank Nifty: 17713
TSL for shorts: 17713
SL for longs (if trend reverses): 17713
Bank Nifty No. for positional longss (if trend reverses): 17750
Bank Nifty intraday: 17750 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,

Wish you happy Kannada Rajyothsava. Today is celebrated as formation day of Karnataka and some other states. My greetings to ichartians from all those states whose formation day is celebrated today.

I am introducing ChannasriSAR for 'Relinfra' from today as a gift from my side and simplified existing daily updates for Nifty and Bank Nifty. Happy trading.

Please note Channasri SAR for 02-11-2015:

Nifty: 8181 (This is Channasri SAR in spot)
TSL for shorts: 8157 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8195 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 8090 level is critical.

Bank Nifty: 17580
TSL for shorts: 17480
SL for longs (if trend reverses): 17580
Bank Nifty intraday: 17280 level is critical.

Relinfra: 384.25

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 ChannasriSAR for 03-11-2015:

Nifty: 8154 (This is Channasri SAR in spot)
TSL for shorts: 8125 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8175 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 8050 level is critical.

Bank Nifty: 17529
TSL for shorts: 17459
SL for longs (if trend reverses): 17580
Bank Nifty intraday: 17350 level is critical.

Relinfra: 385.50 (TSL 386.50)

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 ChannasriSAR for 04-11-2015:

Nifty: 8138 (This is Channasri SAR in spot)
TSL for shorts: 8109 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8150 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 8050 level is critical.

Bank Nifty: 17483
TSL for shorts: 17426
SL for longs (if trend reverses): 17520
Bank Nifty intraday: 17350 level is critical.

Relinfra: 386.75 (TSL 388.50)

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 one of these moving averages 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 ChannasriSAR for 05-11-2015:

Nifty: 8115 (This is Channasri SAR in spot)
TSL for shorts: 8090 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8130 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 8030 level is critical.

Bank Nifty: 17419
TSL for shorts: 17366
SL for longs (if trend reverses): 17450
Bank Nifty intraday: 17350 level is critical.

Relinfra: 389.50 (TSL 391.00)

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 one of these moving averages 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 ChannasriSAR for 05-11-2015:

Nifty: 8049 (This is Channasri SAR in spot)
TSL for shorts: 8022 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8060 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7950 level is critical.

Bank Nifty: 17259
TSL for shorts: 17081
SL for longs (if trend reverses): 17280
Bank Nifty intraday: 16950 level is critical.

Relinfra: 390.50 (TSL 389.00)

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 one of these moving averages 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

[pkholla]

Channasri: No technique is going to work when there is total lack of interest in the market participants. Market is simply going 10-15 points up and down like dying fish in water! With ADX around 20-25 showing lack of trend & low volumes, investing in N FnO is sure to end in a loss after brokerage and taxes
The 5 week tamasha of Bihar election is finally coming to a close and I hope the market shows some revival (up or down) after results
I myself have been concentrating on any cash shares which show signs of life!

I hope you have had better results (than me) in the market?

Jai Hind, Prakash Holla

[channasri]

@ Prakash Holla,

My nifty trades of last week:

As ChannasriSAR had triggered on the short side but Bihar elections were in the last stage, I decided to trade in options.

I sold 8300ce @ 81.5 and squared off @ 43. I had taken 8400ce as hedge (bought @ 48 and squared off @ 35). Again sold 8300ce @ 56 and squared off @ 42.5. Net profit about 39 points despite of gap openings and grinding sessions.

I am happy to express that ChannasriSAR has given correct direction of the trend even during eventful sessions. However, I trade in options on such trading sessions.

From Monday, 9 Nov 2015, I will start algo trading on one of my own trading strategies which has been back tested for the last 5 years.

Hi,

Please note ChannasriSAR for 09-11-2015:

Nifty: 8049 (This is Channasri SAR in spot)
TSL for shorts: 8022 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8060 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7950 level is critical.

Bank Nifty: 17259
TSL for shorts: 17181
SL for longs (if trend reverses): 17259
Bank Nifty intraday: 16950 level is critical.

Relinfra: 390.50 (TSL 390.50)

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 one of these moving averages 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

[pkholla]