iCharts Discussions

[channasri]

Dear novice traders,

RBI announces monetary policy on 7th June, 2016. My experience says that inexperienced traders should stay away from trading in futures and options on eventful days such as this one.

Please note ChannasriSAR for 07-06-2016:

Nifty: 8151 (This is ChannasriSAR in spot)
TSL for longs: 8178 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8125 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty LOC: 8139 is critical.
Nifty range for 07-06-2016: 8015-8328.

Bank Nifty: 17492
TSL for longs: 17565
SL for shorts (if trend reverses): 17492
Bank Nifty LOC: 17469 is critical.
Banknifty range for 07-06-2016: 17176-17966.

Relinfra: 528.75
TSL for longs: 530.50
SL for shorts (if trend reverses): 528.75
Relinfra LOC: 530.75 is critical.
Relinfra range for 07-06-2016: 508-553.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

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 08-06-2016:

Nifty: 8184 (This is ChannasriSAR in spot)
TSL for longs: 8202 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8184 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty LOC: 8217 is critical.
Nifty range for 08-06-2016: 8142-8342.

Bank Nifty: 17605
TSL for longs: 17675
SL for shorts (if trend reverses): 17605
Bank Nifty LOC: 17766 is critical.
Banknifty range for 08-06-2016: 17530-18241.

Relinfra: 530.50
TSL for longs: 530.50
SL for shorts (if trend reverses): 528.75
Relinfra LOC: 534.25 is critical.
Relinfra range for 08-06-2016: 516-551.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

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 09-06-2016:

Nifty: 8207 (This is ChannasriSAR in spot)
TSL for longs: 8221 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8190 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty LOC: 8233 is critical.
Nifty range for 09-06-2016: 8171-8332.

Bank Nifty: 17684
TSL for longs: 17765
SL for shorts (if trend reverses): 17684
Bank Nifty LOC: 17762 is critical.
Banknifty range for 09-06-2016: 17524-18174.

Relinfra: 532.75
TSL for longs: 533.00
SL for shorts (if trend reverses): 531.00
Relinfra LOC: 537.50 is critical.
Relinfra range for 09-06-2016: 522-556.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

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 10-06-2016:

Nifty: 8210 (This is ChannasriSAR in spot)
TSL for shorts: 8210 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8210 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty LOC: 8210 is critical.
Nifty range for 10-06-2016: 8125-8285.

Bank Nifty: 17730
TSL for longs: 17790
SL for shorts (if trend reverses): 17715
Bank Nifty LOC: 17740 is critical.
Banknifty range for 10-06-2016: 17475-18129.

Relinfra: 535.50
TSL for longs: 536.50
SL for shorts (if trend reverses): 535.50
Relinfra LOC: 539.25 is critical.
Relinfra range for 10-06-2016: 525-560.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

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 13-06-2016:

Nifty: 8205 (This is ChannasriSAR in spot)
TSL for shorts: 8190 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8210 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty LOC: 8208 is critical.
Nifty range for 13-06-2016: 8121-8259.

Bank Nifty: 17752
TSL for longs: 17789
SL for shorts (if trend reverses): 17752
Bank Nifty LOC: 17743 is critical.
Banknifty range for 13-06-2016: 17434-18134.

Relinfra: 535.50
TSL for longs: 536.50
SL for shorts (if trend reverses): 535.50
Relinfra LOC: 542.50 is critical.
Relinfra range for 13-06-2016: 525-566.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

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 14-06-2016:

Nifty: 8189 (This is ChannasriSAR in spot)
TSL for shorts: 8179 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8189 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty LOC: 8157 is critical.
Nifty range for 14-06-2016: 8020-8251.

Bank Nifty: 17736
TSL for shorts: 17736
SL for longs (if trend reverses): 17752
Bank Nifty LOC: 17670 is critical.
Banknifty range for 14-06-2016: 17289-17990.

Relinfra: 537.50
TSL for shorts: 536.50
SL for longs (if trend reverses): 538.50
Relinfra LOC: 538.25 is critical.
Relinfra range for 14-06-2016: 516-558.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

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 15-06-2016:

Nifty: 8175 (This is ChannasriSAR in spot)
TSL for shorts: 8159 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8189 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty LOC: 8157 is critical.
Nifty range for 15-06-2016: 8019-8250.

Bank Nifty: 17732
TSL for shorts: 17711
SL for longs (if trend reverses): 17752
Bank Nifty LOC: 17751 is critical.
Banknifty range for 15-06-2016: 17482-17975.

Relinfra: 538.50
TSL for shorts: 540.25
SL for longs (if trend reverses): 538.50
Relinfra LOC: 540.50 is critical.
Relinfra range for 15-06-2016: 521-562.
NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

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 16-06-2016:

Nifty: 8183 (This is ChannasriSAR in spot)
TSL for longs: 8190 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8180 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty LOC: 8186 is critical.
Nifty range for 16-06-2016: 8077-8308.

Bank Nifty: 17780
TSL for longs: 17830
SL for shorts (if trend reverses): 17780
Bank Nifty LOC: 17821 is critical.
Banknifty range for 16-06-2016: 17592-18114.

Relinfra: 539.25
TSL for shorts: 539.25
SL for longs (if trend reverses): 539.25
Relinfra LOC: 540 is critical.
Relinfra range for 16-06-2016: 520-558.
NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

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 20-06-2016:

Nifty: 8172 (This is ChannasriSAR in spot)
TSL for shorts: 8160 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8172 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty LOC: 8167 is critical.
Nifty range for 20-06-2016: 8053-8271.

Bank Nifty: 17755
TSL for shorts: 17729
SL for longs (if trend reverses): 17780
Bank Nifty LOC: 17755 is critical.
Banknifty range for 20-06-2016: 17458-17982.

Relinfra: 538.75
TSL for shorts: 538.75
SL for longs (if trend reverses): 539.75
Relinfra LOC: 541 is critical.
Relinfra range for 20-06-2016: 521-556.
NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

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 21-06-2016:

Nifty: 8182 (This is ChannasriSAR in spot)
TSL for longs: 8200 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8172 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty LOC: 8188 is critical.
Nifty range for 21-06-2016: 8111-8312.

Bank Nifty: 17747
TSL for shorts: 17727
SL for longs (if trend reverses): 17760
Bank Nifty LOC: 17732 is critical.
Banknifty range for 21-06-2016: 17413-18026.

Relinfra: 540.25
TSL for longs: 538.75
SL for shorts (if trend reverses): 539.75
Relinfra LOC: 543 is critical.
Relinfra range for 21-06-2016: 526-561.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

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,

We are in the 4th sub-wave (bearish) of third wave (bullish). This wave will terminate anytime between now and August. Then starts the 5th and terminal sub-wave (bullish) of third wave (bullish) to take Nifty to anywhere between 9400-11500. This should terminate before the 2019 parliament elections. That means, a major bearish wave has to start from there on. Is it an indication of fractured verdict/coalition government ? Please note that these are my calculations. Market's verdict is final.

In a 5 waves set-up, 2nd and 4th waves are always tough to trade. Protecting trading capital is the best thing to do.

CSLSAR is showing that Nifty and banknifty are in opposite directions. This cannot go on for a long time. BREXIT results are most likely to iron out this. Which DIRECTION ? To know this, wait for BREXIT results and market's verdict.

Huge volatility is expected between 22-24th June. Please avoid intra-day trades and new positional trades till this week-end.

Please note ChannasriSAR for 22-06-2016:

Nifty: 8186 (This is ChannasriSAR in spot)
TSL for longs: 8200 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8172 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty LOC: 8179 is critical.
Nifty range for 22-06-2016: 8093-8294.

Bank Nifty: 17716
TSL for shorts: 17670
SL for longs (if trend reverses): 17730
Bank Nifty LOC: 17691 is critical.
Banknifty range for 22-06-2016: 17332-17945.

Relinfra: 541.25
TSL for longs: 541.25
SL for shorts (if trend reverses): 540
Relinfra LOC: 543 is critical.
Relinfra range for 22-06-2016: 526-561.

Disclaimer: I am not a registered research analyst. The above message represents my approach to trading (mainly positional) in the scrips/counters mentioned. These are based on my own study. Readers are requested to make own studies and trade on their own. Any recipient of these updates is free to express if unwilling to receive. I will do the needful.

Best regards,
Channasri

[EssJay]

[ridinghood]

What is tgt of bearish subwave?
regds

[channasri]

Thanks EssJay

Ridinghood,

It is very difficult to assign a target for the bearish wave. It can be anywhere upto about 6350. It may or may not reach there.

Please note ChannasriSAR for 24-06-2016:

Nifty: 8203 (This is ChannasriSAR in spot)
TSL for longs: 8215 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8200 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty LOC: 8208 is critical.
Nifty range for 24-06-2016: 8130-8346.

Bank Nifty: 17731
TSL for longs: 17750
SL for shorts (if trend reverses): 17700
Bank Nifty LOC: 17760 is critical.
Banknifty range for 24-06-2016: 17578-18083.

Relinfra: 540.50
TSL for shorts: 540.00
SL for longs (if trend reverses): 541.50
Relinfra LOC: 539 is critical.
Relinfra range for 24-06-2016: 523-552.

Disclaimer: I am not a registered research analyst. The above message represents my approach to trading (mainly positional) in the scrips/counters mentioned. These are based on my own study. Readers are requested to make own studies and trade on their own. Any recipient of these updates is free to express if unwilling to receive. I will do the needful.

Best regards,
Channasri

[channasri]

Please note ChannasriSAR for 28-06-2016:

Nifty: 8167 (This is ChannasriSAR in spot)
TSL for shorts: 8130 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8180 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty LOC: 8102 is critical.
Nifty range for 28-06-2016: 7918-8276.

Bank Nifty: 17634
TSL for shorts: 17586
SL for longs (if trend reverses): 17650
Bank Nifty LOC: 17452 is critical.
Banknifty range for 28-06-2016: 16997-17959.

Relinfra: 529.75
TSL for shorts: 526.00
SL for longs (if trend reverses): 531.00
Relinfra LOC: 519 is critical.
Relinfra range for 28-06-2016: 484-550.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

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