iCharts Discussions

[channasri]

Please note ChannasriSAR for 22-03-2017:

Nifty: 9101 (This is ChannasriSAR in spot)
TSL for longs: 9120 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9090 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 9119

Bank Nifty: 21046
TSL for shorts: 21000
SL for longs (if trend reverses): 21080
Bank Nifty Pivot: 21044

Relinfra: 578
TSL for shorts: 578
SL for longs (if trend reverses): 578
Relinfra Pivot: 576

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]

Now the same range of 9100-9125 becomes a resistance.

Please note ChannasriSAR for 23-03-2017:

Nifty: 9084 (This is ChannasriSAR in spot)
TSL for shorts: 9072 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 9100 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 9041

Bank Nifty: 20970
TSL for shorts: 20900
SL for longs (if trend reverses): 21000
Bank Nifty Pivot: 20811

Relinfra: 574
TSL for shorts: 570
SL for longs (if trend reverses): 575
Relinfra Pivot: 564

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 27-03-2017:

Nifty: 9090 (This is ChannasriSAR in spot)
TSL for longs: 9100 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9080 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 9144

Bank Nifty: 21017
TSL for longs: 21050
SL for shorts (if trend reverses): 21000
Bank Nifty Pivot: 21075

Relinfra: 572
TSL for shorts: 571
SL for longs (if trend reverses): 574
Relinfra Pivot: 574

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 07-04-2017:

Nifty: 9212 (This is ChannasriSAR in spot)
TSL for longs: 9250 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9200 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 9250

Bank Nifty: 21521
TSL for longs: 21580
SL for shorts (if trend reverses): 21500
Bank Nifty Pivot: 21595

Relinfra: 575
TSL for longs: 579
SL for shorts (if trend reverses): 572
Relinfra Pivot: 581
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 10-04-2017:

Nifty: 9212 (This is ChannasriSAR in spot)
TSL for shorts: 9212 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 9212 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 9212

Bank Nifty: 21494
TSL for shorts: 21450
SL for longs (if trend reverses): 21500
Bank Nifty Pivot: 21482

Relinfra: 573
TSL for shorts: 570
SL for longs (if trend reverses): 575
Relinfra Pivot: 571
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 11-04-2017:

Nifty: 9204

Bank Nifty: 21495

Relinfra: 570

Regards,
Channasri

[channasri]

Please note ChannasriSAR for 12-04-2017:

Nifty: 9210 (This is ChannasriSAR in spot)
TSL for longs: 9225 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9200 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty Pivot: 9218

Bank Nifty: 21578
TSL for longs: 21650
SL for shorts (if trend reverses): 21550
Bank Nifty Pivot: 21658

Relinfra: 570
TSL for longs: 570
SL for shorts (if trend reverses): 570
Relinfra Pivot: 569
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]

French presidential elections scheduled on 23-04-2017 (Sunday) have started shadowing the global markets since the front runner Le Pen is favouring exit of France from EU. The currency markets in Europe are already showing huge volatility - equal to or more than that existed during Lehman Brothers crisis. All traders and investors have to be extremely cautious. Those not willing to take risk will do better by booking profits and staying away till the results are declared and the global factors factor them fully.

Infosys quarterly results will be out before the market opens. Friday, 14-4-17 is a market holiday.

The above things make it difficult to trade. The best thing for novice as well as inexperienced traders will be to avoid positional trading until 25-04-2017 and trade intraday with strict stop loss but be mentally prepared for bouts of volatility and gap openings. All in all, tough times ahead.

Please note ChannasriSAR for 13-04-2017:

Nifty: 9210 (This is ChannasriSAR in spot)
TSL for shorts: 9200 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 9230 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9204

Bank Nifty: 21613
TSL for longs: 21650
SL for shorts (if trend reverses): 21550
Pivot: 21669

Relinfra: 567
TSL for shorts: 564
SL for longs (if trend reverses): 570
Pivot: 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]

Please note ChannasriSAR for 17-04-2017:

Nifty: 9200 (This is ChannasriSAR in spot)
TSL for shorts: 9165 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 9230 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9166

Bank Nifty: 21627
TSL for longs: 21650
SL for shorts (if trend reverses): 21600
Pivot: 21691

Relinfra: 565
TSL for shorts: 560
SL for longs (if trend reverses): 568
Pivot: 558

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

[AMBY]

Thanks,

[channasri]

Please note ChannasriSAR for 19-04-2017:

Nifty: 9158 (This is ChannasriSAR in spot)
TSL for shorts: 9130 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 9170 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9140

Bank Nifty: 21638
TSL for longs: 21650
SL for shorts (if trend reverses): 21600
Pivot: 21751

Relinfra: 563
TSL for shorts: 560
SL for longs (if trend reverses): 565
Pivot: 571

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 21-04-2017:

Nifty: 9139 (This is ChannasriSAR in spot)
TSL for shorts: 9130 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 9160 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9128

Bank Nifty: 21575
TSL for shorts: 21550
SL for longs (if trend reverses): 21600
Pivot: 21473

Relinfra: 566
TSL for longs: 569
SL for shorts (if trend reverses): 563
Pivot: 572

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 24-04-2017:

Nifty: 9135 (This is ChannasriSAR in spot)
TSL for shorts: 9120 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 9140 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9131

Bank Nifty: 21572
TSL for shorts: 21572
SL for longs (if trend reverses): 21600
Pivot: 21517

Relinfra: 569
TSL for longs: 573
SL for shorts (if trend reverses): 566
Pivot: 577

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 25-04-2017:

Nifty: 9156 (This is ChannasriSAR in spot)
TSL for longs: 9200 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9156 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9191

Bank Nifty: 21662
TSL for longs: 21800
SL for shorts (if trend reverses): 21662
Pivot: 21774

Relinfra: 573
TSL for longs: 583
SL for shorts (if trend reverses): 573
Pivot: 573

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 28-04-2017:

Nifty: 9270 (This is ChannasriSAR in spot)
TSL for longs: 9330 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9270 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9344

Bank Nifty: 22038
TSL for longs: 22200
SL for shorts (if trend reverses): 22038
Pivot: 22292

Relinfra: 578
TSL for longs: 581
SL for shorts (if trend reverses): 576
Pivot: 582

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