iCharts Discussions

[channasri]

Hi,

Nifty spent quite a good amount of time in the region around 8180 and finally conquered 200D SMA @ 8207. Nifty is showing sideways movement around 200D SMA since mid November - about a month now. This sideways movement is similar to the one observed from 2nd week of April 2016 to the 3rd week of May 2016. At that time, it was resolved into a bull cycle. This time ? Market's verdict is final.

Please note ChannasriSAR for 14-12-2016:

Nifty: 8194 (This is ChannasriSAR in spot)
TSL for longs: 8207 (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 Pivot: 8202
Nifty range for 14-12-2016: 8100-8320.

Bank Nifty: 18445
TSL for longs: 18445
SL for shorts (if trend reverses): 18445
Bank Nifty Pivot: 18417
Banknifty range for 14-12-2016: 18140-18740.

Relinfra: 481
TSL for longs: 481
SL for shorts (if trend reverses): 481
Relinfra Pivot: 481
Relinfra range for 14-12-2016: 465-495.

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,

FED's long waited decision to impact global capital markets.

Please note ChannasriSAR for 15-12-2016:

Nifty: 8188 (This is ChannasriSAR in spot)
TSL for shorts: 8188 (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 Pivot: 8192
Nifty range for 15-12-2016: 8090-8280.

Bank Nifty: 18425
TSL for shorts: 18380
SL for longs (if trend reverses): 18445
Bank Nifty Pivot: 18383
Banknifty range for 15-12-2016: 18120-18610.

Relinfra: 483
TSL for longs: 486
SL for shorts (if trend reverses): 480
Relinfra Pivot: 491
Relinfra range for 15-12-2016: 460-520.

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,

Please note ChannasriSAR for 19-12-2016:

Nifty: 8170 (This is ChannasriSAR in spot)
TSL for shorts: 8150 (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 Pivot: 8149
Nifty range for 19-12-2016: 8070-8220.

Bank Nifty: 18390
TSL for shorts: 18360
SL for longs (if trend reverses): 18400
Bank Nifty Pivot: 18337
Banknifty range for 19-12-2016: 18080-18560.

Relinfra: 488
TSL for longs: 488
SL for shorts (if trend reverses): 488
Relinfra Pivot: 491
Relinfra range for 19-12-2016: 465-515.

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,

The sideways movements around 200D SMA should get over soon. As per wave count, it should be resolved to deeper lows. But market's verdict is final.

Please note ChannasriSAR for 21-12-2016:

Nifty: 8134 (This is ChannasriSAR in spot)
TSL for shorts: 8110 (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 Pivot: 8090
Nifty range for 21-12-2016: 7990-8180.

Bank Nifty: 18271
TSL for shorts: 18118
SL for longs (if trend reverses): 18271
Bank Nifty Pivot: 18118
Banknifty range for 21-12-2016: 17700-18490.

Relinfra: 494
TSL for longs: 496
SL for shorts (if trend reverses): 492
Relinfra Pivot: 500
Relinfra range for 21-12-2016: 475-520.

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]

WISH A HAPPY NEW YEAR 2017 TO ONE AND ALL.

The last week of the year 2016 favoured bulls. However, the year 2016 ended with a death cross (50D SMA making a negative crossover on 200D SMA). Its time to be cautious.

Please note ChannasriSAR for 02-01-2017:

Nifty: 8079 (This is ChannasriSAR in spot)
TSL for longs: 8120 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8079 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 8166
Nifty range for 02-01-2017: 8050-8300.

Bank Nifty: 18019
TSL for longs: 18120
SL for shorts (if trend reverses): 17988
Bank Nifty Pivot: 18147
Banknifty range for 02-01-2017: 17820-18510.

Relinfra: 464
TSL for longs: 464
SL for shorts (if trend reverses): 464
Relinfra Pivot: 467
Relinfra range for 02-01-2017: 450-485.

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]

Please note ChannasriSAR for 03-01-2017:

Nifty: 8108 (This is ChannasriSAR in spot)
TSL for longs: 8170 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8108 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 8175
Nifty range for 03-01-2017: 8060-8290.

Bank Nifty: 18000
TSL for shorts: 18000
SL for longs (if trend reverses): 18000
Bank Nifty Pivot: 18021
Banknifty range for 03-01-2017: 17390-18600.

Relinfra: 468
TSL for longs: 472
SL for shorts (if trend reverses): 464
Relinfra Pivot: 475
Relinfra range for 03-01-2017: 450-505.

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 09-01-2017:

Nifty: 8202 (This is ChannasriSAR in spot)
TSL for longs: 8230 (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 Pivot: 8261
Nifty range for 09-01-2017: 8140-8360.

Bank Nifty: 18102
TSL for longs: 18190
SL for shorts (if trend reverses): 18102
Bank Nifty Pivot: 18249
Banknifty range for 09-01-2017: 18000-18510.

Relinfra: 482
TSL for longs: 489
SL for shorts (if trend reverses): 482
Relinfra Pivot: 475
Relinfra range for 09-01-2017: 475-510.

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 11-01-2017:

Nifty: 8235 (This is ChannasriSAR in spot)
TSL for longs: 8260 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8230 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 8281
Nifty range for 11-01-2017: 8240-8330.

Bank Nifty: 18230
TSL for longs: 18350
SL for shorts (if trend reverses): 18230
Bank Nifty Pivot: 18376
Banknifty range for 11-01-2017: 18140-18640.

Relinfra: 491
TSL for longs: 497
SL for shorts (if trend reverses): 490
Relinfra Pivot: 500
Relinfra range for 11-01-2017: 485-515.

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 12-01-2017:

Nifty: 8273 (This is ChannasriSAR in spot)
TSL for longs: 8300 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8270 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 8364
Nifty range for 12-01-2017: 8270-8470.

Bank Nifty: 18403
TSL for longs: 18670
SL for shorts (if trend reverses): 18403
Bank Nifty Pivot: 18740
Banknifty range for 12-01-2017: 18230-19350.

Relinfra: 495
TSL for longs: 501
SL for shorts (if trend reverses): 495
Relinfra Pivot: 506
Relinfra range for 12-01-2017: 495-520.

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,

Last week Friday's high (8461) and low (8373) are critical now onwards. The range of 8460-8370 is not advisable for trading. Bank Nifty has an important support at ~19050.

Please note ChannasriSAR for 18-01-2017:

Nifty: 8370 (This is ChannasriSAR in spot)
TSL for longs: 8380 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8360 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 8406
Nifty range for 18-01-2017: 8310-8500.

Bank Nifty: 18867
TSL for longs: 19000
SL for shorts (if trend reverses): 18867
Bank Nifty Pivot: 19084
Banknifty range for 18-01-2017: 18750-19410.

Relinfra: 506
TSL for longs: 510
SL for shorts (if trend reverses): 504
Relinfra Pivot: 512
Relinfra range for 18-01-2017: 495-530.

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]

ChannasriSAR for 19-01-2017:

Nifty: 8383
bank nifty: 18947
Relinfra: 508

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,

On 17-01-2017, I had written this:
Last week Friday's high (8461) and low (8373) are critical now onwards. The range of 8460-8370 is not advisable for trading. Bank Nifty has an important support at ~19050.

Markets have proved me right. It holds good now also.

Please note ChannasriSAR for 20-01-2017:

Nifty: 8399 (This is ChannasriSAR in spot)
TSL for longs: 8415 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8390 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 8428
Nifty range for 20-01-2017: 8370-8490.

Bank Nifty: 19007
TSL for longs: 19057
SL for shorts (if trend reverses): 18950
Bank Nifty Pivot: 19119
Banknifty range for 20-01-2017: 18910-19330.

Relinfra: 511
TSL for longs: 518
SL for shorts (if trend reverses): 509
Relinfra Pivot: 518
Relinfra range for 20-01-2017: 490-545.

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]

Please note ChannasriSAR for 01-02-2017:

Nifty: 8552 (This is ChannasriSAR in spot)
TSL for longs: 8552 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8552 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 8582
Nifty range for 01-02-2017: 8450-8690.

Bank Nifty: 19396
TSL for longs: 19440
SL for shorts (if trend reverses): 18350
Bank Nifty Pivot: 19525
Bank Nifty range for 01-02-2017: 19240-19800.

Relinfra: 519
TSL for shorts: 518
SL for longs (if trend reverses): 519
Relinfra Pivot: 517
Relinfra range for 01-02-2017: 500-535.

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 02-02-2017:

Nifty: 8591 (This is ChannasriSAR in spot)
TSL for longs: 8650 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8591 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 8659
Nifty range for 02-02-2017: 8410-8965.

Bank Nifty: 19565
TSL for longs: 19770
SL for shorts (if trend reverses): 19565
Bank Nifty Pivot: 19846
Bank Nifty range for 02-02-2017: 19070-20800.

Relinfra: 519
TSL for shorts: 518
SL for longs (if trend reverses): 519
Relinfra Pivot: 525
Relinfra range for 02-02-2017: 500-555.

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 06-02-2017:

Nifty: 8672 (This is ChannasriSAR in spot)
TSL for longs: 8720 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 8650 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 8732
Nifty range for 06-02-2017: 8680-8795.

Bank Nifty: 19874
TSL for longs: 20134
SL for shorts (if trend reverses): 19874
Bank Nifty Pivot: 20145
Bank Nifty range for 06-02-2017: 19840-20500.

Relinfra: 528
TSL for longs: 532
SL for shorts (if trend reverses): 528
Relinfra Pivot: 537
Relinfra range for 06-02-2017: 510-565.

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