iCharts Discussions

[channasri]

Hi,

Please note ChannasriSAR for 4-12-2015:

Nifty: 7898 (This is Channasri SAR in spot)
TSL for shorts: 7885 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7915 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7850 level is critical.

Bank Nifty: 17198
TSL for shorts: 17150
SL for longs (if trend reverses): 17220
Bank Nifty intraday: 17200 level is critical.

Relinfra: 439.25
TSL for longs: 443.50
SL for shorts (if trend reverses): 437.00
Relinfra intraday: 450 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 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 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 7-12-2015:

Nifty: 7877 (This is Channasri SAR in spot)
TSL for shorts: 7850 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7901 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7750 level is critical.

Bank Nifty: 17145
TSL for shorts: 17107
SL for longs (if trend reverses): 17175
Bank Nifty intraday: 17200 level is critical.

Relinfra: 441.75
TSL for longs: 445.00
SL for shorts (if trend reverses): 439.00
Relinfra intraday: 450 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 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 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,

Relinfra has 450 as critical level for many days by now. Its going to be interesting to see from now on. Nifty is at a critical juncture too.

Please note ChannasriSAR for 8-12-2015:

Nifty: 7859 (This is Channasri SAR in spot)
TSL for shorts: 7800 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7859 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7750 level is critical.

Bank Nifty: 17117
TSL for shorts: 17062
SL for longs (if trend reverses): 17117
Bank Nifty intraday: 16950 level is critical.

Relinfra: 444.00
TSL for longs: 446.00
SL for shorts (if trend reverses): 443.00
Relinfra intraday: 450 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 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 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 10-12-2015:

Nifty: 7789 (This is Channasri SAR in spot)
TSL for shorts: 7753 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7789 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7610-7650 range is critical.

Bank Nifty: 16990
TSL for shorts: 16900
SL for longs (if trend reverses): 17000
Bank Nifty intraday: 16650 level is critical.

Relinfra: 439.50
TSL for shorts: 437.75
SL for longs (if trend reverses): 439.50
Relinfra intraday: 425 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 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 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 11-12-2015:

Nifty: 7767 (This is Channasri SAR in spot)
TSL for shorts: 7730 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7767 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7700 is critical.

Bank Nifty: 16933
TSL for shorts: 16841
SL for longs (if trend reverses): 16950
Bank Nifty intraday: 16650 level is critical.

Relinfra: 439.00
TSL for shorts: 436.00
SL for longs (if trend reverses): 439.50
Relinfra intraday: 435 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 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 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 14-12-2015:

Nifty: 7732 (This is Channasri SAR in spot)
TSL for shorts: 7695 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7732 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7600-7610, 7550 are critical.

Bank Nifty: 16804
TSL for shorts: 16698
SL for longs (if trend reverses): 16804
Bank Nifty intraday: 16200 level is critical.

Relinfra: 435.75
TSL for shorts: 432.00
SL for longs (if trend reverses): 435.75
Relinfra intraday: 420-425 range 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 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 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 15-12-2015:

Nifty: 7732 (This is ChannasriSAR in spot)
TSL for shorts: 7695 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7732 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7600-10, 7550 are critical.

Bank Nifty: 16804
TSL for shorts: 16698
SL for longs (if trend reverses): 16804
Bank Nifty intraday: 16200 level is critical.

Relinfra: 435.75
TSL for shorts: 432.00
SL for longs (if trend reverses): 435.75
Relinfra intraday: 420-425 range 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 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 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 16-12-2015:

Nifty: 7701 (This is ChannasriSAR in spot)
TSL for shorts: 7701 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7720 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7700-10 range is critical.

Bank Nifty: 16625
TSL for shorts: 16533
SL for longs (if trend reverses): 16625
Bank Nifty intraday: 16400 level is critical.

Relinfra: 430.00
TSL for shorts: 426.50
SL for longs (if trend reverses): 430.00
Relinfra intraday: 420-425 range 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 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 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

[EssJay]

Hi Channasri,

Likely trend reversal today? NS closed just below 7701. Are you long already, hedged with a put?

[channasri]

Hi EssJay,

As per yesterday's ChannasriSAR of 7732, I am short in Nifty futures and hedged with 7800ce. Today, I will have to reverse the positions. However, my trades are managed by an algorithm which takes care. Because, I will be busy at office. Today somehow, I got few minutes to reply. Otherwise, I would do in late evening/night.

FED or no FED, algo will manage my trades.

Best regards,
Channasri

[EssJay]

Thank you for taking the trouble to reply. Am a little cautious as big event day too. Will watch the first 10 minutes and decide.

[channasri]

Hi EssJay,

I have attached one of my trading strategies in 3 min T/F for Nifty spot. This shows a bullish setup in progress at present. Both 5 EMA and 1000 EMA have given a positive crossover on 1000 SMA in a short space of time. As per my observations in the past, such a crossover in various time frames be it 100 EMA and 100 SMA or 1000 EMA and 1000 SMA but with 5 EMA as common one give significant movements in the direction of crossover. I missed this observation yesterday (15 Dec 2015) due to office work. Had I seen this, I would book my short position immediately and bought a call option atleast. If you or any Ichartians reading my daily updates can study and make use of it, I will be very happy.

My past observations reveal that the 5EMA, 1000EMA/WMA over 1000SMA crossovers have taken care of big events. I am eager to see what could happen with this trade set up and the FED event of tonight (16 Dec 2015).

Let's hope for the best.

Please note ChannasriSAR for 17-12-2015:

Nifty: 7704 (This is ChannasriSAR in spot)
TSL for longs: 7704 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7680 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7750 is critical.

Bank Nifty: 16604
TSL for shorts: 16604
SL for longs (if trend reverses): 16625
Bank Nifty intraday: 16500 level is critical.

Relinfra: 431.00
TSL for longs: 431.00
SL for shorts (if trend reverses): 430.00
Relinfra intraday: 440 is critical.

NOTE: Nifty and bank nifty in different directions as far as my trading system is concerned is a matter of concern to me. Significant movements can be expected when both are aligned in one direction. Let's see the market's verdict to FED decision.

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 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

[EssJay]

To be honest, at EOD on the 15th the crossover was at the cusp of happening. Was by no means a guarantee. It was only yesterday that it happened.

You are right, the bank nifty is a concern. I expected it to at least cross 16700 yesterday but it never happened. Let's see today. SGX and Nikkei are promising a good start.

Also this algo of yours, did you approach the NSE to automate it?

Reply when you are easy.

[channasri]

For algo trading, I have into an automated trading system with my stock broker.

Well, bank nifty and nifty are aligned now in the LONG direction. Apart from this, 20 days, 3 min T/F charts of icharts showed positive crossover of 1000 WMA over 1000 SMA - another bullish sign.

Please note ChannasriSAR for 18-12-2015:

Nifty: 7725 (This is ChannasriSAR in spot)
TSL for longs: 7738 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7710 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7850 is critical.

Bank Nifty: 16613
TSL for longs: 16650
SL for shorts (if trend reverses): 16600
Bank Nifty intraday: 16750 level is critical.

Relinfra: 432.00
TSL for longs: 432.50
SL for shorts (if trend reverses): 432.00
Relinfra intraday: 440 is critical.

NOTE: Nifty and bank nifty in different directions as far as my trading system is concerned is a matter of concern to me. Significant movements can be expected when both are aligned in one direction. Let's see the market's verdict to FED decision.

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 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 ChannasriSAR for 21-12-2015:

Nifty: 7728 (This is ChannasriSAR in spot)
TSL for longs: 7747 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7720 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7750 is critical.

Bank Nifty: 16596
TSL for shorts: 16596
SL for longs (if trend reverses): 16600
Bank Nifty intraday: 16500 level is critical.

Relinfra: 435.00
TSL for longs: 437.50
SL for shorts (if trend reverses): 435.00
Relinfra intraday: 450 is critical.

NOTE: Nifty and bank nifty in different directions as far as my trading system is concerned is a matter of concern to me. Significant movements can be expected when both are aligned in one direction. Let's see the market's verdict to FED decision.

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 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