iCharts Discussions

[channasri]

Please note ChannasriSAR for 03-05-2017:

Nifty: 9289 (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: 9312

Bank Nifty: 22182
TSL for longs: 22270
SL for shorts (if trend reverses): 22150
Pivot: 22367

Relinfra: 589
TSL for longs: 595
SL for shorts (if trend reverses): 586
Pivot: 602

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

[lotus1810]

Could u pls give the RelInfra lvls for monday and is it RIPE for SHORTS till 560 lvls with SL of 586 as the Momentum force of FALL exceeds if NIFTY Below SPOT 9270 in early morning then 556 is in range or otherwise - Pls let me know the lvls and Trailing SL. As on Weekly basis the Momentum Oscillators are still in BUY Zone and if that is TRUE then NEW HIGH breakout is in cards.

Attached is the Weekly Timeframe Daily chart probability Analysis wrt Fibnoacci Indicator for your review


Thanks
PM

[channasri]

@lotus1810,

Relinfra is on short side as per daily charts. It will be critical to observe its behaviour around 581 levels (20D EMA being 581.5 and the stock has reversed from top of Bollinger's bond (20,2.5), fallen below top of Bollinger's bond 20,2 and closed below 20D EMA).

As per weekly charts, Relinfra is still on long side.

Next week's trades will be influenced by French presidential elections' results.

Regarding Fibonacci levels, taking a position on 61.8% retracement with 80% retracement as SL would be prudent. Kindly take your call.

Please note ChannasriSAR for 08-05-2017:

Nifty: 9312 (This is ChannasriSAR in spot)
TSL for shorts: 9300 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 9312 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9311

Bank Nifty: 22465
TSL for longs: 22658
SL for shorts (if trend reverses): 22500
Pivot: 22658

Relinfra: 591
TSL for shorts: 584
SL for longs (if trend reverses): 594
Pivot: 584

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

[lotus1810]

Thanks ChannasriSAR for your prompt response and looklike its SHORT 584 is being HIT SL for SHORT's as writing this so now have to wait for more time here as the Breadth of market is a little skeptical.

So how do you as per the SAP levels you initiate the Trade with your Lvl if it goes abv 590 and stays there for 603 and abv levles going forward for LONG setup,

[channasri]

@ Lotus1810

I use SL for booking profits only.

Please note ChannasriSAR for 10-05-2017:

Nifty: 9310 (This is ChannasriSAR in spot)
TSL for longs: 9325 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9300 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9321

Bank Nifty: 22594
TSL for longs: 22658
SL for shorts (if trend reverses): 22550
Pivot: 22736

Relinfra: 590
TSL for longs: 592
SL for shorts (if trend reverses): 588
Pivot: 591

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]

Weekly charts showing possibility of trend reversal but requires price confirmation.

Please note ChannasriSAR for 22-05-2017:

Nifty: 9446 (This is ChannasriSAR in spot)
TSL for shorts: 9430 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 9500 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9441

Bank Nifty: 22774
TSL for shorts: 22774
SL for longs (if trend reverses): 22774
Pivot: 22767

Relinfra: 589
TSL for shorts: 575
SL for longs (if trend reverses): 589
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

[opportunist]

How to calculate Channasri SAR? What is the problem with PAR SAR? You can make changes in settings for PAR SAR. Is this what you have done?

[channasri]

Please note ChannasriSAR for 23-05-2017:

Nifty: 9440 (This is ChannasriSAR in spot)
TSL for shorts: 9430 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 9500 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9441

Bank Nifty: 22745
TSL for shorts: 22700
SL for longs (if trend reverses): 22745
Pivot: 22736

Relinfra: 579
TSL for shorts: 565
SL for longs (if trend reverses): 579
Pivot: 561

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]

@ opportunist,

ChannasriSAR is a proprietory method whose formula is quite different from the conventional PSAR. I found ChannasriSAR to be more profitable than several PSAR settings which I tried out on signal to signal basis. Regarding the formula of ChannasriSAR, I would like to keep it close to my heart. At the same time, I want to stimulate the iChartians the benefits of disciplined and systematic trading.

Please note ChannasriSAR for 24-05-2017:

I had cautioned about the weekly charts hinting hinting at reversal and expressed that price confirmation is required. Nifty is on course to give trend reversal until now. More clarity to emerge on Friday EOD.

Nifty: 9428 (This is ChannasriSAR in spot)
TSL for shorts: 9410 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 9440 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9401

Bank Nifty: 22693
TSL for shorts: 22650
SL for longs (if trend reverses): 22700
Pivot: 22605

Relinfra: 565
TSL for shorts: 535
SL for longs (if trend reverses): 568
Pivot: 534

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 25-05-2017:

Nifty: 9412 (This is ChannasriSAR in spot)
TSL for shorts: 9380 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 9440 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9378

Bank Nifty: 22652
TSL for shorts: 22650
SL for longs (if trend reverses): 22700
Pivot: 22560

Relinfra: 546
TSL for shorts: 515
SL for longs (if trend reverses): 550
Pivot: 501

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 26-05-2017:

Nifty: 9431 (This is ChannasriSAR in spot)
TSL for longs: 9470 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9420 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9467

Bank Nifty: 22801
TSL for longs: 23050
SL for shorts (if trend reverses): 22700
Pivot: 22995

Relinfra: 531
TSL for shorts: 510
SL for longs (if trend reverses): 533
Pivot: 496

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 01-06-2017:

Nifty: 9565 (This is ChannasriSAR in spot)
TSL for longs: 9610 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9550 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9627

Bank Nifty: 23188
TSL for longs: 23350
SL for shorts (if trend reverses): 23188
Pivot: 23381

Relinfra: 485
TSL for shorts: 510
SL for longs (if trend reverses): 533
Pivot: 473

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 02-06-2017:

Nifty: 9578 (This is ChannasriSAR in spot)
TSL for longs: 9610 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9570 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9614

Bank Nifty: 23225
TSL for longs: 23300
SL for shorts (if trend reverses): 23225
Pivot: 23310

Relinfra: 484
TSL for shorts: 581
SL for longs (if trend reverses): 584
Pivot: 481

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]

Nifty closed last week with a sign of indecisiveness in daily charts. SGX Nifty however, closed higher. Let us see what happens on Monday. The last thing bulls want is Nifty opening below 9620 and staying below this No. Market's verdict is final.

Please note ChannasriSAR for 05-06-2017:

Nifty: 9599 (This is ChannasriSAR in spot)
TSL for longs: 9630 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9590 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9655

Bank Nifty: 23265
TSL for longs: 23325
SL for shorts (if trend reverses): 23265
Pivot: 23379

Relinfra: 484
TSL for shorts: 484
SL for longs (if trend reverses): 484
Pivot: 484

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 07-06-2017:

Nifty: 9632 (This is ChannasriSAR in spot)
TSL for longs: 9632 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9632 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9659

Bank Nifty: 23367
TSL for longs: 23400
SL for shorts (if trend reverses): 23300
Pivot: 23445

Relinfra: 485
TSL for shorts: 484
SL for longs (if trend reverses): 486
Pivot: 483

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