iCharts Discussions

[channasri]

Nifty is in the process of making lower highs and lower lows. This view is getting validated as it tested levels lower than 8555. Daily, weekly and monthly charts are however hinting at sideways movement. Does it mean some bounce due to oversold time frames ? Market will spell its verdict. We all have to obey it.

Nifty took support of 20 WSMA at 8540. More lows below it.

Please note ChannasriSAR for 17-10-2016:

Nifty: 8666 (This is ChannasriSAR in spot)
TSL for shorts: 8653 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8670 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty LOC: 8645 is critical.
Nifty range for 17-10-2016: 8483-8749.

Bank Nifty: 19024
TSL for shorts: 19024
SL for longs (if trend reverses): 19024
Bank Nifty LOC: 19227 is critical.
Banknifty range for 17-10-2016: 18638-19630.

Relinfra: 577
TSL for shorts: 577
SL for longs (if trend reverses): 577
Relinfra LOC: 576 is critical.
Relinfra range for 17-10-2016: 546-602.

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]

Nifty tried to conquer the 8600 levels with a gap up open. It could not sustain due to bearish sentiments. Later, it tried to break 8500 levels. However, oversold lower time frames provided support. Banknifty took the psychological support of 19000. For nifty, 100 DSMA at 8501 is a big support.

Please note ChannasriSAR for 18-10-2016:

Nifty: 8640 (This is ChannasriSAR in spot)
TSL for shorts: 8613 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8640 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty LOC: 8612 is critical.
Nifty range for 18-10-2016: 8417-8718.

Bank Nifty: 19005
TSL for longs: 19025
SL for shorts (if trend reverses): 18980
Bank Nifty LOC: 19242 is critical.
Banknifty range for 18-10-2016: 18667-19659.

Relinfra: 574
TSL for shorts: 571
SL for longs (if trend reverses): 574
Relinfra LOC: 573 is critical.
Relinfra range for 18-10-2016: 540-591.

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,

Nifty reversed its trend with a massive movement on the upside on what can be termed as 'key reversal day'. Banknifty provided a tremendous support. Nifty now needs to move past the previous top of 8746 or else, journey towards 8500-8550 and resumption of lower highs and lower lows.

Please note ChannasriSAR for 19-10-2016:

Nifty: 8648 (This is ChannasriSAR in spot)
TSL for longs: 8613 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8640 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty LOC: 8655 is critical.
Nifty range for 19-10-2016: 8520-8804.

Bank Nifty: 19300
TSL for longs: 19400
SL for shorts (if trend reverses): 19200
Bank Nifty LOC: 19348 is critical.
Banknifty range for 19-10-2016: 18946-19872.

Relinfra: 575
TSL for shorts: 575
SL for longs (if trend reverses): 575
Relinfra LOC: 578 is critical.
Relinfra range for 19-10-2016: 549-601.

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.

Best regards,
Channasri

[channasri]

Please note ChannasriSAR for 24-10-2016:

Nifty: 8657 (This is ChannasriSAR in spot)
TSL for longs: 8664 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8657 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty LOC: 8646 is critical.
Nifty range for 24-10-2016: 8552-8785.

Bank Nifty: 19419
TSL for longs: 19503
SL for shorts (if trend reverses): 19419
Bank Nifty LOC: 19422 is critical.
Banknifty range for 24-10-2016: 19100-20020.

Relinfra: 574
TSL for shorts: 574
SL for longs (if trend reverses): 574
Relinfra LOC: 576 is critical.
Relinfra range for 24-10-2016: 556-596.

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.

Best regards,
Channasri

[channasri]

Please note ChannasriSAR for 26-10-2016:

Nifty: 8667 (This is ChannasriSAR in spot)
TSL for longs: 8679 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8667 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 8692
Nifty range for 26-10-2016: 8603-8781.

Bank Nifty: 19558
TSL for longs: 19655
SL for shorts (if trend reverses): 19558
Bank Nifty Pivot: 19813
Banknifty range for 26-10-2016: 19513-20145.

Relinfra: 574
TSL for longs: 574
SL for shorts (if trend reverses): 574
Relinfra Pivot: 576
Relinfra range for 26-10-2016: 589-562.

Note: Pivot numbers are rounded off to whole numbers.

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.

Best regards,
Channasri

[channasri]

Hi,

Wish you happy DEEPAAVALI.

Nifty seems to be heading towards higher lows and higher highs. It should hold onto 8550 in the next 2 days. Its buy on dips now.

Please note ChannasriSAR for 28-10-2016:

Nifty: 8654 (This is ChannasriSAR in spot)
TSL for shorts: 8630 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8667 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 8597
Nifty range for 28-10-2016: 8494-8718.

Bank Nifty: 19567
TSL for shorts: 19567
SL for longs (if trend reverses): 19437
Bank Nifty Pivot: 19437
Banknifty range for 28-10-2016: 19038-19914.

Relinfra: 565
TSL for shorts: 558
SL for longs (if trend reverses): 565
Relinfra Pivot: 546
Relinfra range for 28-10-2016: 522-566.

Note: Pivot numbers are rounded off to whole numbers.

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.

Best regards,
Channasri

[channasri]

Hi,

Kannada Raajyotsavada haardika shubhaashayagalu.

Nifty is in a sideways market.

Please note ChannasriSAR for 01-11-2016:

Nifty: 8653 (This is ChannasriSAR in spot)
TSL for shorts: 8640 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8665 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 8625
Nifty range for 01-11-2016: 8525-8739.

Bank Nifty: 19567
TSL for shorts: 19567
SL for longs (if trend reverses): 19437
Bank Nifty Pivot: 19503
Banknifty range for 01-11-2016: 19188-19871.

Relinfra: 565
TSL for shorts: 558
SL for longs (if trend reverses): 565
Relinfra Pivot: 543
Relinfra range for 01-11-2016: 523-563.

Note: Pivot numbers are rounded off to whole numbers.

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.

Best regards,
Channasri

[channasri]

Hi,

Nifty is in a sideways market.

Please note ChannasriSAR for 02-11-2016:

Nifty: 8651 (This is ChannasriSAR in spot)
TSL for shorts: 8640 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8660 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 8637
Nifty range for 02-11-2016: 8549-8715.

Bank Nifty: 19575
TSL for shorts: 19553
SL for longs (if trend reverses): 19600
Bank Nifty Pivot: 19489
Banknifty range for 02-11-2016: 19212-19735.

Relinfra: 557
TSL for shorts: 552
SL for longs (if trend reverses): 560
Relinfra Pivot: 541
Relinfra range for 02-11-2016: 524-556.

Note: Pivot numbers are rounded off to whole numbers.

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.

Best regards,
Channasri

[channasri]

Dear novice traders,

My sincere suggestion would be to avoid trading till Wednesday atleast. Because, heavy stakes are associated with the outcome of US presidential elections. As if these things are not enough, terrorist alert is at maximum levels in USA. I am anticipating a huge range of +/- 500 points in Nifty. I wish that the markets prove me wrong. Till Wednesday, I will post only ChannasriSAR numbers.

Nifty: 8450
Bank Nifty: 19100
Relinfra: 500

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.

Best regards,
Channasri

[lotus1810]

Nicely advised in such a manner to be very cautious and Look u were right on target..... Appreciate your insight and expert opinion with your experience on the path of TRADING-INVESTING....


SEBI should realise this that there is no school for Trading or Investing but these kind of forums where novice traders learn the trading from technical standards....

Appreciate your time and efforts in this regards .... Channasri - Hope SEBI will go after the BIG FISH and not the genuine experts and streamline the process nicely.

Explore and Keep up your art posting of probabilities.

Thanks & Regards
PM

[channasri]

Thanks lotus1810 for the appreciation.

Dear novice traders,

You have seen the volatility. Big events are characterised by heightened volatility. Technical analysis becomes helpless in such situations. Experienced sailors wait for the cyclone to get over and winds become calm before sailing. Experienced and successful traders take a backseat and observe price behaviours in relation to their models or strategies or try to experiment new strategies in such tumultous situations.

Please remember one thing: Markets are forever. Even your successive generations can trade in the markets when their time comes. Therefore, always think that you have protected the trading capital by avoiding trades on highly eventful days.

It is quite possible that we are headed for all time new highs post FED decision and probably a new bull wave started.

May GOD bless all of us.

Please note ChannasriSAR for 10-11-2016:
Nifty: 8450
Banknifty: 19500
Relinfra: 500

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.

Best regards,
Channasri

[channasri]

Hi,

Now time for correction for the rapid rise from 8002 to 8598.

Please note ChannasriSAR for 11-11-2016:
Nifty: 8500
Banknifty: 19537
Relinfra: 500

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.

Best regards,
Channasri

[channasri]

Hi,

Nifty has supports at 8180 and 8120.

Please note ChannasriSAR for 15-11-2016:

Nifty: 8418 (This is ChannasriSAR in spot)
TSL for shorts: 8320 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8418 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 8347
Nifty range for 15-11-2016: 8100-8450.

Bank Nifty: 19650
TSL for longs: 19700
SL for shorts (if trend reverses): 19600
Bank Nifty Pivot: 19566
Banknifty range for 15-11-2016: 19312-19850.

Relinfra: 500
TSL for shorts: 490
SL for longs (if trend reverses): 500
Relinfra Pivot: 493
Relinfra range for 15-11-2016: 474-520.

Note: Pivot numbers are rounded off to whole numbers.

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.

Best regards,
Channasri

[channasri]

Hi,

Nifty stayed between the twin supports at 8180 and 8120 for most part of the day. Lower time frames are in oversold condition. I am anticipating a bounce. Same is indicated by SGX Nifty as of now atleast. Overall trend is still bearish.

Please note ChannasriSAR for 16-11-2016:

Nifty: 8394 (This is ChannasriSAR in spot)
TSL for shorts: 8360 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8394 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 8163
Nifty range for 16-11-2016: 7840-8430.

Bank Nifty: 19509
TSL for shorts: 19400
SL for longs (if trend reverses): 19509
Bank Nifty Pivot: 19464
Banknifty range for 16-11-2016: 18450-20310.

Relinfra: 490
TSL for shorts: 475
SL for longs (if trend reverses): 490
Relinfra Pivot: 466
Relinfra range for 16-11-2016: 410-515.

Note: Pivot numbers are rounded off to whole numbers.

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.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 17-11-2016:

Nifty: 8300 (This is ChannasriSAR in spot)
TSL for shorts: 8241 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 8300 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 8137
Nifty range for 17-11-2016: 7940-8310.

Bank Nifty: 19350
TSL for shorts: 19250
SL for longs (if trend reverses): 19350
Bank Nifty Pivot: 19270
Banknifty range for 17-11-2016: 18400-19970.

Relinfra: 480
TSL for shorts: 465
SL for longs (if trend reverses): 480
Relinfra Pivot: 458
Relinfra range for 17-11-2016: 420-490.

Note: Pivot numbers are rounded off to whole numbers.

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.

Best regards,
Channasri