iCharts Discussions

[channasri]

Please note ChannasriSAR for 11-07-2017:

Nifty: 9665 (This is ChannasriSAR in spot)
TSL for longs: 9760 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9630 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9750

Bank Nifty: 23452
TSL for longs: 23550
SL for shorts (if trend reverses): 23425
Pivot: 23706

Relinfra: 510
TSL for longs: 513
SL for shorts (if trend reverses): 507
Pivot: 508

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 12-07-2017:

Nifty: 9699 (This is ChannasriSAR in spot)
TSL for longs: 9760 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9660 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9798

Bank Nifty: 23498
TSL for longs: 23550
SL for shorts (if trend reverses): 23450
Pivot: 23627

Relinfra: 510
TSL for shorts: 508
SL for longs (if trend reverses): 513
Pivot: 513

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 14-07-2017:

Nifty: 9778 (This is ChannasriSAR in spot)
TSL for longs: 9830 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9760 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9881

Bank Nifty: 23652
TSL for longs: 23800
SL for shorts (if trend reverses): 23600
Pivot: 23879

Relinfra: 512
TSL for longs: 514
SL for shorts (if trend reverses): 510
Pivot: 514

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 HAS CRITICAL LEVELS AT 10037-10050-10100. SGX Nifty is indicating a gap up opening on Monday morning going by the Friday close value. One has to be careful when bullish sentiment is seen like anything everywhere and anywhere. Please remember one thing. Whether Elliott Wave Theory or Gann methodology or channel trading system etc. etc. - everything is at the mercy of market. Believe the price on the screen in front of you, trade with strict stop loss and remember that profit booking is most important.

Nifty has to stay above 9800-9850 to realise targets above 10,000 or else a correction cannot be ruled out. My EW counting gave a target of 10,037 which I have shared in the shout box last week and WhatsApp groups in the last month itself.

Certain patterns are suggesting that this bull rally can halt by July end or first half of August. I am thinking that RBI's meeting on 2nd August, 2017 can become a major event. Market's verdict is final. Play safe. Money is also called as HARD CASH.

Please note ChannasriSAR for 17-07-2017:

Nifty: 9810 (This is ChannasriSAR in spot)
TSL for longs: 9850 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9780 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9882

Bank Nifty: 23745
TSL for longs: 23850
SL for shorts (if trend reverses): 23745
Pivot: 23886

Relinfra: 514
TSL for longs: 518
SL for shorts (if trend reverses): 512
Pivot: 518

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 18-07-2017:

Nifty: 9841 (This is ChannasriSAR in spot)
TSL for longs: 9880 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9820 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9913

Bank Nifty: 23821
TSL for longs: 23950
SL for shorts (if trend reverses): 23800
Pivot: 23998

Relinfra: 515
TSL for longs: 518
SL for shorts (if trend reverses): 512
Pivot: 517

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 20-07-2017:

Nifty: 9857 (This is ChannasriSAR in spot)
TSL for longs: 9880 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9840 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9885

Bank Nifty: 23958
TSL for longs: 24100
SL for shorts (if trend reverses): 23910
Pivot: 24129

Relinfra: 515
TSL for longs: 516
SL for shorts (if trend reverses): 512
Pivot: 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]

Please note ChannasriSAR for 21-07-2017:

Nifty: 9860 (This is ChannasriSAR in spot)
TSL for longs: 9870 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9850 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9886

Bank Nifty: 24036
TSL for longs: 24150
SL for shorts (if trend reverses): 24000
Pivot: 24228

Relinfra: 516
TSL for longs: 518
SL for shorts (if trend reverses): 514
Pivot: 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]

Please note ChannasriSAR for 24-07-2017:

Nifty: 9879 (This is ChannasriSAR in spot)
TSL for longs: 9900 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9860 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9893

Bank Nifty: 24103
TSL for longs: 24190
SL for shorts (if trend reverses): 24100
Pivot: 24204

Relinfra: 515
TSL for shorts: 510
SL for longs (if trend reverses): 518
Pivot: 511

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 25-07-2017:

Nifty: 9902 (This is ChannasriSAR in spot)
TSL for longs: 9930 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9880 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9956

Bank Nifty: 24198
TSL for longs: 24300
SL for shorts (if trend reverses): 24180
Pivot: 24392

Relinfra: 513
TSL for shorts: 510
SL for longs (if trend reverses): 514
Pivot: 509

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 26-07-2017:

Nifty: 9921 (This is ChannasriSAR in spot)
TSL for longs: 9950 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9900 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9975

Bank Nifty: 24298
TSL for longs: 24400
SL for shorts (if trend reverses): 24280
Pivot: 24532

Relinfra: 511
TSL for shorts: 510
SL for longs (if trend reverses): 513
Pivot: 508

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 27-07-2017:

Nifty: 9948 (This is ChannasriSAR in spot)
TSL for longs: 9980 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9930 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 10,004

Bank Nifty: 24407
TSL for longs: 24500
SL for shorts (if trend reverses): 24380
Pivot: 24626

Relinfra: 511
TSL for shorts: 510
SL for longs (if trend reverses): 513
Pivot: 509

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 28-07-2017:

Nifty: 9966 (This is ChannasriSAR in spot)
TSL for longs: 10,000 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9950 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 10,014

Bank Nifty: 24,560
TSL for longs: 24,700
SL for shorts (if trend reverses): 24560
Pivot: 24918

Relinfra: 510
TSL for shorts: 509
SL for longs (if trend reverses): 512
Pivot: 511

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 31-07-2017:

Nifty: 9983 (This is ChannasriSAR in spot)
TSL for longs: 10,000 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 9970 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 9995

Bank Nifty: 24,640
TSL for longs: 24,700
SL for shorts (if trend reverses): 24,560
Pivot: 24,874

Relinfra: 514
TSL for longs: 520
SL for shorts (if trend reverses): 512
Pivot: 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]

Please note ChannasriSAR for 01-08-2017:

Nifty: 10,007 (This is ChannasriSAR in spot)
TSL for longs: 10,040 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 10,000 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 10,060

Bank Nifty: 24,760
TSL for longs: 24,950
SL for shorts (if trend reverses): 24,560
Pivot: 25,033

Relinfra: 518
TSL for longs: 525
SL for shorts (if trend reverses): 516
Pivot: 529

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 02-08-2017:

Nifty: 10,037 (This is ChannasriSAR in spot)
TSL for longs: 10,080 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 10,020 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Pivot: 10,103

Bank Nifty: 24,879
TSL for longs: 25,050
SL for shorts (if trend reverses): 24,800
Pivot: 25,101

Relinfra: 521
TSL for longs: 526
SL for shorts (if trend reverses): 518
Pivot: 527

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