Discover and read the best of Twitter Threads about #BankNifty

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#BANKNIFTY
A pause/ a healthy correction before the next leg up

Outlook for the week Sep 26 - Sep 30, 2022.

THREAD: Deconstructing BANKNIFTY on 4 different TF's.
#BANKNIFTY

1. Monthly TF:

• Third consecutive month of upmove, although faced resistance at 41830

• Clear presence of the sellers at higher levels, and BNF is back in the August 2022 range.

• Expecting a healthy correction before hitting a ATH in 2022.
#BANKNIFTY

2. Weekly TF:

• 2nd tgt of the channel BO will take few more weeks.

• Evening star under formation

•As per Fibo, the upmove which started since June 2022, may retrace upto 38.2% i.e. 38200 levels.

• A healthy correction before the next leg up towards ATH
Read 8 tweets
@Mitesh_Engr as per Sir @Mitesh_Engr
These days because of lot of option sellers & especially 920 straddles

the importance of Option Interest gets weakened compared to the early years of 2017-20

So he isn't trading completely on behalf of it since 2020

so best is to focus on PRICE ACTION
@Mitesh_Engr so, the best way to make the smart move is focus on the Price Action as these days the move of 300 points is coming within 1 min candle, and extend to reverse 300 up down in next 15 minutes

so in this volatility,
you won't get an edge with the us of OI
@Mitesh_Engr
@Mitesh_Engr For an instant ex
he mostly focuses on ATM strike these days
like Nifty is trading at 17500 he gonna focus only on 17500 CE or PE

as if someone coming with big capital, he obviously will Sell Option and who know some good direction of where Market is heading to, he write either
Read 11 tweets
FED policy week turned out disastrous despite delivering to expectation of 75 bps hike with guidance of another 100-150 points lift before end of 2022!

Then, why post-policy risk-off? Shift to rate cut cycle not an option in 2023-2024 (Fund rate >4%) to fight recession?…1/N
Equities of developed & emerging markets collapsed! S&P500 down at target at 3650 (low 3647) from mid-August high 4325 for >15% collapse at set focus zone 3650-4350!

US1-2Y yield curve at 4-4.25% and 10Y yield spike at 3.65-3.85% is tell-tale of medium term rate outlook…2/N
Taking signs of extreme recession in 2023, #Brent Crude got pushed down to lower end of $85-100 and so is #Gold into extended weakness below $1685 with pull bias into $1565-1635!

What to expect when dynamics into extended phase of high interest rates & negative growth?…3/N
Read 14 tweets
#NIFTY

Faced resistance at 18115 i.e. near highs of April 2022

Outlook for the week Sep 19 - Sep 23, 2022.

THREAD: Deconstructing NIFTY on 4 different TF's.
#NIFTY

1. Monthly TF:

• Current month unable to sustain near August close.

• Sellers presence > 18k.

• NF would underperform BNF (due to sectors like IT, Metals, Pharma).
#NIFTY

2. Weekly TF:

• Bearish engulfing under formation, however need to wait for the confirmation.

• On a higher TF, expecting NF to make a fresh ATH in the upcoming months.

• However, for the current week we might see sideways action with some -ve bias.
Read 8 tweets
#BANKNIFTY
Faced resistance at 41830 i.e. near highs of October 2021

Outlook for the week Sep 19 - Sep 23, 2022.

THREAD: Deconstructing BANKNIFTY on 4 different TF's.
#BANKNIFTY

1. Monthly TF:

• Third consecutive month of upmove, although faced resistance at 41830

• Buy on dips market on higher TF

• Expecting a sideways/consolidation i.e. halt candle in the month of Sep 2022
#BANKNIFTY

2. Weekly TF:

• After several weeks, witnessed long upper wicks indicating sellers presence at higher levels.

• 2nd tgt for the channel BO will take few more weeks to achieve.

• Prior to that BNF might consolidate before the next leg of upmove.
Read 8 tweets
As an option seller I always get this question,

Bro why you are saying start option selling with at least 10 lakhs, why not less capital

My simple answer everyone

Read this Thread 🧵 🧵

👇🏻👇🏻👇🏻
Let’s say if you Would have started option selling with 2 lakhs

In this case how many lots you are able to trade 1 lot on both sides, straddle or strangle

Let’s say you have made 3 percent return on monthly basis

Then your profit will be 6k
Fine but how about the brokerage and charges

Let’s assume as an intraday player your creating only one strategy with certain rules of targets and Stop loss

Both Entry and exit will take 4 orders

So let’s take Zerodha’s case

Daily 4 orders in to 20 = 80 rupees daily
Read 13 tweets
1/Quick review of Banking stocks:

#HDFCBANK: BO of the range
#ICICIBANK: Fresh ATH
#SBIN: Fresh ATH
#KOTAKBANK: Nearing BO level ImageImageImageImage
2/ Rest of the banks:

#AXISBANK: Although nearing BO, it might consolidate a bit before continuing the trend.

#PSUBANK: BO on monthly TF so good returns on this sector as a whole can be expected. ImageImage
3/ATH in #BANKNIFTY

From the above charts we can see all the banks are either near ATH or already trading at ATH.

Infact even the PSU Bank sector has given a BO on monthly TF.
Read 4 tweets
Lost around 1.8% of total capital (i.e., ~4.5% of Margin blocked) at opening (STBT Options) on both #Nifty50 & #BankNifty (Unhedged) was carrying bullish positions on both (more PE Shorts and Less CE Shorts)

(1/n)
Risk Management is very very important when dealing with options, I am (at least currently) not in favour of buying hedges as a part of Risk Management, in long run, hedges hurt your overall profit, instead sell options considering Notional Value.

(2/n)
Pros of Buying Hedges:

1. Lower Standard deviation in returns
2. Linked pro, to above point: Due to lower Standard Deviation, If you are also an intraday option seller, lesser deviation in STBT means lesser deviation in Margin/funds available for intraday option selling

(3/n)
Read 9 tweets
Intraday trading tips and tricks

As the name suggests, Intraday Trading is the process of buying and selling stocks on the same day. Basically, you buy stocks on daily basis, you look for a reasonable price to sell it and then earn your profit. Image
Daily analysis and research is necessary for Intraday Trading. The movement of the market’s momentum must be reflected in the strategy used by a trader. Image
It is advisable to look for liquid shares for Intraday Trading. As the trader needs to square-off their position at the end of the day, it is better to go for large cap shares. Image
Read 8 tweets
#BANKNIFTY
Markets continued the uptrend and marked a fresh closing high on monthly basis.

Outlook for the week Sep 12 - Sep 16, 2022.

THREAD: Deconstructing BANKNIFTY on 5 different TF's.
#BANKNIFTY

1. Monthly TF:

• Third consecutive month of upmove, although Sep month has just started.

• Buy on dips market

• Expecting a halt candle in the month of Sep 2022
#BANKNIFTY

2. Weekly TF:

• Witnessed a strong closing in the past week.

• The 2nd tgt for the channel BO is pending which will take few more weeks to achieve.

• Closed >40k for two consecutive days.
Read 8 tweets
#PreMarketCapsule | 6th September, Tuesday | Edition: 35

In the thread⬇️
1. #Nifty Range and Breadth
2. #Banknifty range and Breadth
3. #Sector Breadth
4. #FII Derivative Activity
5. #Summary of the analysis
1. Price trading above TMA is bullish
2. Broke out of recent consolidation
3. Near resistance is 18000
4. Support is 17500
#Nifty #nifty50 #NIFTYFUT
Read 11 tweets
Stock Chart Patterns ↗️↔️↘️ with @Stocktwit_IN

Stock chart patterns often signal transitions between rising and falling trends.

These patterns can be as simple as trendlines and as complex as double head-and-shoulders formations.
Since price patterns are identified using a series of lines or curves, it is helpful to understand trendlines and know how to draw them. Trendlines help technical analysts spot support and resistance areas on a price chart.
A chart pattern is a shape within a price chart that helps to suggest what prices might do next, based on what they have done in the past.
Read 8 tweets
#PreMarketCapsule | 5th September, Monday | Edition: 34

In the document ⬇️
1. #Nifty Range and Breadth
2. #Banknifty range and Breadth
3. #Sector Breadth
4. #FII Derivative Activity
5. #Summary of the analysis
1. The marked zone in 'Green' is Demand Zone for Nifty
2. Price has traded there for more time than expected near the Demand Zone
3. Price trading near the demand zone is a negative sign and may have weakened the zone

#Nifty #nifty50 #NIFTYFUT
Read 10 tweets
#NIFTY

Our markets are opening with a gap down due to imported weakness, however it recovers strongly during the session.

Lets see what's in store for the upcoming week.

Outlook for the week Sep 5 - Sep 9, 2022.

THREAD: Deconstructing NIFTY on 5 different TF's.
#NIFTY

1. Monthly TF:

• NF rallied by 15% in the month of July & Aug

• Bullish on higher TF.

• However NF is facing a resistance (black TL).
#NIFTY

2. Weekly TF:

• Post the formation of shooting star the high of the same is not taken out yet (in fact lower high formation)

• On a higher TF, expecting NF to make a fresh ATH.

• However, NF is still consolidating within 17150-18000 range.
Read 8 tweets
#BANKNIFTY
Our markets are opening with a gap down due to imported weakness, however it recovers strongly during the session.

Lets see what's in store for the upcoming week.

Outlook for the week Sep 5 - Sep 9, 2022.

THREAD: Deconstructing BANKNIFTY on 5 different TF's.
#BANKNIFTY

1. Monthly TF:

• Post a bullish marubozu candle, we are witnessing a follow-up trend on the upside.

• Bullish on higher TF.

• In the month of July & august 2022 we have witnessed a rise of ~20%
#BANKNIFTY

2. Weekly TF:

• Witnessed a strong closing in the past week.

• Currently consolidating within the 2000 point range, since its near the resistance we are expecting a BO

• However always better to wait for a confirmation before taking the trade.
Read 8 tweets
6 habits of a successful trader in the #stockmarkets

successful people do not attain success by a stroke of luck alone. They have consciously imbibed some good habits which has made them successful. The same logic applies to a trader too..

in Association with @KommawarSwapnil Image
1. Discipline is key to successful traders

yes, this is the golden rule of successful trading. You need to observe strict rules and discipline with respect to stop losses, profit booking targets, protecting your capital.
In long run, it is the disciplined trader who wins and not the person who is incredibly intelligent or lucky. Discipline helps you preserve capital and that is at the core of being a successful trader. If you take care of your capital then your Capital will take care of profits.
Read 17 tweets
Detailed analysis of #Nifty based on Quant and Technical parameters. Covered COC, COI, PCR, IVs, Breadth and Price Action on monthly, weekly, daily and hourly time frames.
#Nifty50 #NiftyBank #BankNifty #optionstrader #OptionsTrading #StocksToBuy #StockMarket #Stocks
COC analysis on #Nifty. Data Courtesy : @quantsapp
COC analysis on #Nifty. Data Courtesy : @quantsapp
Read 16 tweets
Intraday trading O-H-L Strategy

This is a very popular Intraday Strategy with good Accuracy. In this strategy, a Buy signal is generated when a Stock or Index has same value for Open and Low, while a Sell signal is generated when it has same value for Open & High @valuelevels Image
This is Tried and Tasted Strategy. Traders should follow 100% disciplined in executing those strategies with Risk and Money management Rules.

Traders can keep the Stop loss at 1% from Entry level or Previous Days High or Low levels.
Take ENTRY after 9.30 AM

Check Stocks where Open=High OR Open=Low (before 9.30 AM)

RULE: Open=High means SELL AND Open=Low means BUY

#StocksToTrade
#stockstowatch #StockMarket
#Nifty #sensex #banknifty
#TechnicalTrades Image
Read 6 tweets
#NIFTY

US markets took a nosedive post Powell's speech in Jackson Hole.

Let's see how Indian markets will react to it.

Outlook for the week Aug 29 - Sep 2, 2022.

THREAD: Deconstructing NIFTY on 5 different TF's.
#NIFTY

1. Monthly TF:

• Post a bullish marubozu candle, we are witnessing a follow-up trend on the upside.

• Bullish on higher TF.

• However NF faced a resistance (black TL).
#NIFTY

2. Weekly TF:

• Formation of shooting star at resistance, with a follow up confirmation in the last week

• On a higher TF, expecting NF to make a fresh ATH.

• However, for the current week we might see sellers dominating.
Read 8 tweets
#BANKNIFTY

US markets took a nosedive post Powell's speech in Jackson Hole.

Let's see how Indian markets will react to it.

Outlook for the week Aug 29 - Sep 2, 2022.

THREAD: Deconstructing BANKNIFTY on 5 different TF's.
#BANKNIFTY

1. Monthly TF:

• Post a bullish marubozu candle, we are witnessing a follow-up trend on the upside.

• Bullish on higher TF. Image
#BANKNIFTY

2. Weekly TF:

• Post a formation of shooting star, the current week was a indecisive week. (long legged doji)

• On a higher TF the targets of channel BO is still intact of 40140 & 42668.

•However, for the current week 39500 might not be taken out. Image
Read 8 tweets
Stock Chart Patterns ↗️↔️↘️

Stock chart patterns often signal transitions between rising and falling trends.

These patterns can be as simple as trendlines and as complex as double head-and-shoulders formations.
Since price patterns are identified using a series of lines or curves, it is helpful to understand trendlines and know how to draw them. Trendlines help technical analysts spot support and resistance areas on a price chart.
A chart pattern is a shape within a price chart that helps to suggest what prices might do next, based on what they have done in the past.
Read 8 tweets
I think only Killer Trader will join her Paid Telegram channel.

😂

#nifty #banknifty
Read 9 tweets
If our view is neutral we can deploy many strategies depending on our RISK : REWARD

One strategy among them is IRON CONDOR/IC

Kindly retweet/like for maximum reach

A Thread 🧵🧵🧵🧵 by Swapnil Kommawar
@KommawarSwapnil
👉IRON CONDOR

Iron condor is basically and extension of short strangle which is hedged for overnight positions
👉In short strangle we will short OTM CALL and PUT

👉If we buy call option at higher strike than the shorted call option strike

👉Buy the put option at a strike lower than the shorted put option strike, it becomes IC/IRON CONDOR
Read 7 tweets
Tips to Choose the Right Intraday Trading Stocks:

THREAD 🧵

Liquid Stocks
Volatile Stocks
Correlation Stocks
Right Stock
Trade after Research

#trading #investing #invest #StockMarket #StocksToTrade #stockstowatch #StockMarket
#Nifty #sensex #banknifty #TechnicalTrades
Liquidity is the most important intraday trading tip while choosing the right stocks to trade during the day. Liquid stocks have huge trading volumes whereby larger quantities can be purchased and sold without significantly affecting the price. Don’t forget to check...
liquidity at various price levels. You will find some stocks that are highly liquid at a lower price level, but the volume drops drastically after reaching a certain price zone. Variability of liquidity at different price levels will help you buy these stocks at the right time.
Read 13 tweets

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