Discover and read the best of Twitter Threads about #banknifty

Most recents (24)

#MyTDPlan (25/09/20) ..#Banknifty F Opportunity found and went long at retest. 1: 4.32 RR and 60 SL / 260 Tgt. Image
#Nifty - No scope for trading as of now. waiting.. Image
#NIFTY .. went long at setup.. 1:2.15 RR , 32 SL / 68 Tgt Image
Read 8 tweets
Big fall expecting. lot of rejections at support turned resistance.
#NIFTY - Target Achieved. 1:3.19 RR
#NIFTY target achieved and trade closed. #BANKNIFTY still sluggish and making move towards my target. let's see how it goes. Will move the TSL to Cost now.
Read 7 tweets
#MyTDPlan (24/09/20) ... #BANKNIFTY futures .. waiting for the opportunity.
#Nifty & #BankNifty F both in tandem.. let the right moment come.
Moment is here for #NIFTY. Shorted at
Read 11 tweets
#NIFTY in a downtrend. I expect it to drop even more sharply than predicted here, i.e., break below this descending channel, in October. Good chance it goes below 10k.
Here's the #NIFTY PE ratio. It is at an all time high, above 2 SD and flirting with 3 SD.

A proper market correction should see it test its median of 20.17. I personally expect it to over-correct to -1 SD of 15.77.
So what does that translate to in terms of NIFTY value. Let us look at the NIFTY EPS. Unsurprisingly, due to businesses being impacted by the lockdown, earnings forecast has been continuously revised downwards over the last six months. Even if the EPS remains at 348.2, the ...
Read 8 tweets
#MyTDPlan (23/09/20) - #BANKNIFTY has touched low of 21000 and will trade sideways to UPSIDE till 22360 zone. Fresh longs only closing above 22370.
Entry/Exit - P.Trade
Exit #BNF. Falling started...
Read 3 tweets
1/n
Insights number 🔢on entrepreneur👨‍💼👨‍💼

#Entrepreneurs were asked for their thoughts on COVID-19, the impact of lockdown on their business decisions, and why they set up a business.

A Thread ☘️👇
2/n

69% of lockdown entrepreneurs agreed that lockdown gave them the push they needed to start a business of there idea.

@yourstacks @BUSlNESSBARISTA
3/n

73% of lockdown entrepreneurs said that lockdown has provided them with the perfect opportunity to focus on what they really want from their career and there business.
@MorningBrew
Read 7 tweets
3.0 Marathon Chart Run (Sept)

-Will Post FNO Charts A-Z (Ascending)
-No Comment will be posted, just price, volume and action.
-Education Purpose only.

-Share with friends and #Retweet if you like.

- Please avoid messaging for thread unroller!

-Follow @Mr_chartist
01. #ACC
Read 95 tweets
#Research
#Stat
#Banknifty From Mar 2010 to Jan 2019
A) Open to Close abs %.
No. of trading days 2160
No. of days open to close > 1% = 750 (35%)
No. of days open to close > 2% = 247 (11.5%)
No. of days open to close > 3% = 58 (2.7%)
No. of days open to close > 4% = 13 (0.60%)
..
......
No. of days open to close > 5% = 4 (0.20%)
No. of days open to close > 6% = 2 (0.09%)
No. of days open to close > 7% = 0 (0%)
% is absolute of + / -, ie can be either up or down.
So essentially at the minimum one should ideally trade only 35% of the times intraday...
.....
B) CPR width Vs Trend
During 1% move, ie 750 times, 38% times (288 dys) CPR width was < 0.68 times 20 day average; Out of 288 dys, 89% (255 dys), PDR was < 2%.
During 2% move, ie 247 times, 37% times (92 dys) CPR width was < 0.68 times 20 day average.
....
Read 6 tweets
What’s this week (24-28 August)? Will it be extended last mile rally or set up of “enough is enough” undertone? Is G3 worried on playing “U-win, I-lose” game on equities, when impact on real economy is unreal? Even if search of C-19 vaccine is done, how tough is recovery?...1/N
Despite answers for these doubts is elusive, the going is good so far! NASDAQ in comfort mode at set focus 10850/11000-11350/11500 with intra-week & all-time high punch at 11326 (way above 2019 close 8972 & March 2020 low 6631) with YTD gain of >25% and >70% from C-19 low...2/N
It’s prudent to take monies off the table & avoid chasing extended last mile beyond 11350-11500, and it’s not bad for 2020 when agenda was to survive in the Covid era.

S&P500 punched new high at 3399 from previous base 2950-3000 (against 2019 close 3230 & C-19 low 2189)...3/N
Read 19 tweets
Hello Traders, Below is our trade plan for upcoming week. It will be a buy & hold portfolio with time frame of 30 trading sessions #NIFTY #BANKNIFTY #fmcg #INFY #TCS #GranulesIndia #Bayercorp #SBIcard #Cipla #tataconsumer #Alltimehigh #Dhoni #DhoniRetires #ThalaDhoni #CSK Image
Below is the link to chart where we have tried explaining the idea behind buy on Granules #Granules #API #momentuminvesting #alltimehigh #ATH

tradingview.com/chart/GRANULES…
Below is the link to chart where we have tried explaining the idea behind buy on Tata Consumer #TataConsumer #fmcg #Nifty #banknifty

tradingview.com/chart/TATACONS…
Read 9 tweets
What’s this week (17-21 August) in global & Indian financial markets?

Theme: Trump & FED dynamics continue to support “last mile” risk-on mode, while India fortunes stay mixed & nervous boxed between risk-neutral & light.

It’s good to avoid overweight on high-risk assets...1/N
NASDAQ mark-time at 10650-11350/11500 (close above 11K) is good beyond high 11126 for 11500-11850 (stop 10650)

S&P500 held steam above 3300 preparing for new high above 3393 towards peak 3500 (stop 3300)

DJIA in catch-up act lifting support at 27350-27500 for 28150-29568...2/N
Highlight on US equities (Q2/2020 to Q3) is from DJIA lifting base from 20500-20850 to 27150-27500, S&P500 from 2950-3000 to 3250-3300 and NASDAQ solid above 10K leaving pre-Covid high 9838 out of focus.

India equities stood to benefit from FPIs mood-shift from exit to buy...3/N
Read 14 tweets
1. If there was any doubt about how important Options charts are.. today was the day that removed it.
Below is #BANKNIFTYFUTURE chart on 5-min time frame.
The first line of support for Banknifty futures was around 22130. It bounced off that zone multiple times yesterday. Image
2. Then today even after a gap up, the rally got sold into and took support around the same levels and bounced back.
However the fat 12:10 candle was the last attempt by bulls to breakout of the zone. But there was no followup and it was back again at 22130 levels.
3. I was tracking the 20th Aug Expiry 22200 CE-PE contracts since morning and even with BNF gapping up, along with IV sliding lower by upto 2%, the ATM Put was not going below VWAP in any meaningful manner. This was the show of strength. #banknifty #bankniftyoption Image
Read 7 tweets
Global Markets this week: Comfort from developed markets is no tailwind cheer for India!

US Presidential election gets near, and rally in US equities & Gilts gets bigger!

NASDAQ leads the show with upside break at 10350-11000 (high 11126) building steam for 11850-12350...1/N
S&P500 bounce from 2950-3000 hit target 3350-3400 (high 3353) and set for new high above 3393 towards 3650-4000.

DJIA is into catch-up act inching up from 26500-26650 to over 27100 with pull bias towards all-time high 29568.

Last mile uptrend intact & into extended one...2/N
When post-Covid outlook was for hold between 2019 close & Feb’20 high, US equities punching new highs is extraordinary, and prudent to be on chase with trail stop of 3-5% correction from the peak.

Combination of more stimulus & FED Fund rate around 0% keeps undertone good...3/N
Read 15 tweets
Major take-away from 6th August @RBI Monetary policy review:

(a) Despite being accomodative, effective policy rate is not away from the bottom - can’t push deposit rates down any further

(b) No issue on liquidity infusion, but large reverse flow in R/R counter is worry...1/N
(c) Concerned poor credit growth in banking sector, hence special dispensation for Gold loans increasing LTV from 75% to 90%

(d) Unable to fix a number on FY21 GDP contraction despite seeing downside risks

(e) Mixed outlook on headline CPI inflation, extended rate pause...2/N
(e) Positive from announcement of one-time resolution, providing relief to borrowers and Banks, but not sure at this stage on the extent of relief to both parties

(f) Not providing “free-for-all” kind of resolution on moratorium book is positive, but cost of this is high...3/N
Read 11 tweets
What’s this week in Global markets when growth in tumbling mode?

Growth contraction in H1/2020 is to expectation despite being severe, but recoup momentum is not yet visible when worst of C-19 is not yet behind, while hope remains on launch of vaccines before end of 2020...1/N
FED & other G7 Central Banks continue to support equities to prevent collapse & set up of pessimism on the real economy! Positive take-away for EMs & rest of the world is from combination of easing US Treasury yields and weak USD, not withstanding firm Gold and Brent Crude...2/N
NASDAQ lead US equities with play above 10350 (keeping base 10000 away) but lack steam to punch new high over 10839, and good for consolidation at 10350-10850 retaining positive undertone while S&P500 hold sideways play at 3130-3390 & managing hold above midpoint 3260...3/N
Read 15 tweets
What happened to Holy Grail Trade in March 2020 crash?
Biggest Blackswan crash vs Naked Put. This is the biggest ques. in the mind of every Option seller as well as buyer. Here are some answers that will amaze you. #banknifty #nifty50 #expiry #OptionsTrading
HolyGrail strategy use data of last 10yrs to conclude that crash below certain level in #Nifty50 is extremely rare but a continuous put selling (more then 10% away) can give consistent earning of 24-30% per year. Stop Loss says to exit if PE sold go ITM by EOD.
HolyGrail strategy compete with Stock Portfolios, Mutual funds & FD like longterm investment, where you spend negligible time managing the position. It should not be compared with regular Option strategies with regular adjustments, though it claim to beat them all in long run.
Read 10 tweets
What’s this week in global financial markets in the final lap of July?

Global equities in slippery track on elevated terrain with sell-on-recovery urge, Treasury yields down from safe haven & dovish outlook, USD beaten down below big picture and Gold in unrelenting mode...1/N
It’s not the time to give up when pump-priming fiscal stimulus is not yet over, high probability of FED moving policy rate to sub 0% and positive outcome on C-19 vaccines; on the downside, yet to get grip on C-19 impact on economy, livelihood and lives, still in the dark...2/N
NASDAQ losing steam at 9850/10000-10850/11000 (post high punch 10839) is fine while finding comfort at 10058-10503 and S&P500 in comfort mode at 3130-3393 despite last mile resistance force, while DJIA fail to hold at top-quartile 27100-29568 but feel good at 25500-27500...3/N
Read 15 tweets
I would like to show you a strategy by which you will be able to earn Rs 2 lac per week. How many are interested?

What is required:
a) minimum capital required to start is Rs 10 lacs
b) immense discipline
c) tons and tons of patience

Tuition fee: minimum 100 retweets🙂
Friends, just to clarify, this is not some weekend timepass... I am dead serious... I am trading this strategy personally and will share the backtest results also...

all I ask in return is min 100 RT for wider knowledge sharing...
Some more info... strategy requires "zero" screen-time during market hours (maybe just couple of mins to punch orders)... so perfectly suitable to even part-time traders (who have a full-time business/ office job)
Read 99 tweets
It’s time for @RBI to introspect on cost-benefit of economic stimulus through liquidity injection (part of ₹2 Trillion fiscal stimulus package) by purchases of Gilts, USD/INR, LTRO/TLTRO and CRR cut (combined cost of liquidity for banks at 4-5%) and getting back ₹6-7T at 3.35%
How to stop the reverse flow of over ₹6 Trillion and to put them to effective & intended use within the system and to avoid neutralisation of built-up assets in @RBI balance sheet? It’s not easy when lenders are risk-averse but most see as being pushed to the corner for lending!
But it’s not good enough when extension need to go beyond ₹6T of reverse flow into repo of excess SLR portfolio which @RBI could lend cheap bringing Repo rate down at 3.50%; so, there’s cash and eager to see how @RBI @FinMinIndia to put these to work for credit & investments!
Read 5 tweets
India MPC session is distant away (4-6 August) and retention of buy mode on run upto policy verdict is 12 trading sessions away; what could be pre-policy outlook when nothing major to emerge on policy rates - either pause or 25 bps cut, both considered non-event at this stage!
There’s no issue on system liquidity but what matters is the usage of it adjusted for reverse flow into R/R counter! This is what @RBI should work on before tinkering with policy rates when operating policy rate is already very low at 3.35%! How to cut the R/R flows to zero?
LAF corridor expansion at 3.35-4% (upping the spread from 25 to 65 bps) haven’t helped, bringing the need to think different! So, (a) R/R rate cut is no sense (b) Repo rate cut is irrelevant when not in operation bringing the need to (c) close of R/R counter or through auction
Read 5 tweets
What’s this week on global & Indian markets?

US equities retain risk-on mode despite most in disbelief (obviously so, when liquidity push not backed by fundamentals pull) while Treasuries gain (risk-balance) appetite and USD undertone shift from risk-off to value-buy mode...1/n
NASDAQ Index lead the equities show leaving Feb’20 high 9838 (and 2019 close 8972) way behind with July high punch at 10824 and S&P500 hold on to top-quartile play of 3130-3393 (building steam for new high), while DJIA in struggle for hold at 27100-29568. Good so far...2/n
Retain view that upside momentum is valid through Q3/2020 & run upto November US Presidential election major event risk. Till then, NASDAQ downside protection is firm above 9850-10000, S&P500 at 3000-3100 (for over 3230) and DJIA at 25000-25350 (pull bias towards 28538)...3/n
Read 16 tweets
Marathon Chart analysis- Will include all FNO stock

#Retweet #Share
01. #ACC
Read 146 tweets
Few trading ideas for tomorrow and next week...
FNO Stocks thread..dt.16.07.2020
#mothersumi..UP TL is broken...targets around 85..
#nifty..expecting to trade in new range..go short below 10570..
Read 19 tweets

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