Discover and read the best of Twitter Threads about #banknifty

Most recents (24)

#Nifty internals..
Waves could sub-divide too. We'll know soon how it's going to unfold.. Image
#Banknifty internals.. Image
#Nifty internals update.

Not impulsive but corrective Image
Read 9 tweets
Week-Day-Hour aligned to take out ATH.
2 scenarios:
1. A 5th to complete soon to bring back time consuming consolidation.
2. A major 3rd wave as was seen in #NiftyIT few months ago and is being seen in #Banknifty last few weeks

ST Holding "2825" ImageImageImage

Week-Day-Hour "aligned" to take out ATH

Making ATH
From Day's low 2856 to "2905" so far..

2850CE 50 to 81. Image
2850CE almost doubling from opening low..
It's just 9.30AM !! Image
Read 6 tweets

Outlook for the week Oct 18 - Oct 21, 2021

Clear BO on the Weekly TF


Supports at hourly TF


How did the last Thursday expiry played out

Key point to note, an upmove, followed by a tight consolidation usually results in a next leg of upmove

Read 4 tweets
Such a beautiful day it turned out to be :)

Will be carrying overnight, aggressive long positions in both #Nifty and #Banknifty futures and buy atm calls

One can sell put spread for both indices if view matches that it will gap up tomorrow (conservative trade)
BC nazar hi lag gayi 😅😅😅

I am still long, view remains intact till tomorrow open
Exited Call option at cost, and now sold Put spread, long futures are for longer TF, so will wait with that

Today expecting real action in individual stocks like #tatamotors, #indhotels #APLLTD
Read 5 tweets
All about basic CANDLESTICK patterns a chart analyst should know! - Part 2

Kindly retweet🎯, like💚 and help us reach maximum people by sharing if you benefitted/benefitting from below thread.
In Part - 1 of this series, we have seen
1. Doji
2. Harami
3. Hammer
In this thread, lets checkout few more basic candlesticks with examples.
4. Engulfing candlestick
5. Piercing candlestick
6. Marubozu candlestick
4. Engulfing candlestick.
As name says its a sweep over (something) so as to surround or cover it completely.
The candlestick is termed as engulfing candle if the second candle completely covers the first candle body.
The candle pair should be of opposite colours.
Read 16 tweets
The next 2 days i.e. Friday and Monday are going to be tough decision making on #BANKNIFTY.

We are brushing at an all-time high and forming a narrow triangle. COI going down can go for short covering at high to force sellers to liquidate and go higher. Or long buildup might.. Image
start with a fresh breakout. Whatever happens, Monday will be a gamble as far as positional trading is concerned. The way Wednesday sell-off was negated today, I am expecting a range from 37500 to 3900 for the 2nd week of October.
Right now I am trading for a range of 37000 -38500. If we cross 38200, will shift to the 37500 to 39000 range. Definitely going to be interesting and not simple at all. Given that #Nifty is now sideways, bias may remain bullish sideways for some time overall. Image
Read 4 tweets
You see the pointed top in this #banknifty chart.
#Banknifty fell almost 1300 points from here.
Is there a way you could've known beforehand that this fall will occur.

Yes there is.

Read on..
Welcome to thread on "RSI Divergence"

You must be knowing RSI and using that a primary technical indicators to find the oversold & overbought regions in any stock or #Nifty & #Banknifty.
I will not discuss about that.
I will discuss about how to use #RSI to predict reversals.
RSI Divergence occurs when the Relative Strength Index indicator starts reversing before price does. You can think of it as an early warning signal for potential price reversals.

Mainly 2 types RSI Divergences are there : Bullish & Bearish.
We'll deal them one by one.
Read 18 tweets
All about basic CANDLESTICK patterns a chart analyst should know! 👇👇

Kindly retweet🎯, like💚 and help us to reach maximum people by sharing if you benefitted from below thread. Image
The candle stick in trading community refers to two different subjects.
1. This is a way of putting in data of a stock in graphical representation.
2. By vitue of #1, we intern can use them for analysis by combining various time frames known as chart analysis.
3. When we say chart analysis, it is nothing but study of price behaviour at various levels. Price behaves in certain manner due to larger participation of people at various key levels, by increase/decrese of demand and supplies.
Read 16 tweets

Structure looks bullish 🐂in Monthly Weekly & Daily TF

In fact in Daily TF, C&H formation in place (awaiting a confirmation)

Charts attached👇

In hourly TF moving within the bullish channel

S/R levels mentioned in 15min TF
#BANKNIFTY Strategy: Moderate risk seekers: Only PE sell

Reaction point: 36500 on the lower side

Capital: 50K

RoI: ~2.3% for moderate players

Disclaimer: Try this only if you know how to do adjustments once the level breaks
Read 6 tweets
I think both #nifty and #banknifty have made short term TOP

I see 15% correction from here from trading point of view

Long term view (2 yrs) is super bullish (just to avoid confusion)

Unless some short covering comes in last hour, I will go with simple Buy PE in both indices
As said above, going home with simple ATM weekly Put buy on both the indices

expecting a good gap down tomorrow
Squared off all index positions. Will wait for day low to be broken. Then will take a call. Today short covering might not come, it's going to be sell on rise for intraday
Read 4 tweets
Alert: 1. long 🧵 ahead.

2. This is a study of a financially illeterate person having no finance or stock market background that's me.

Study the companies in details before any investment decision.

Not any recommendations,for educational purposes only. (1/n)
How much companies should one hold in his #Portfolio?
The million dollar question.

Over the years,after making huge losses in #market being a financially illeterate person, I started studying some great authors.
From their teachings, what I have learnt I can share with you.(2/n)
David Einhorn mentioned that as Joel GREENBLATT pointed out,holding minimum 8 #Companies in your #stock #Portfolio reduces D concentration risk more than 80%.

I personally never had a portfolio less than 8 #stocks .

But your study may vary as I am financially illeterate.(3/n)
Read 17 tweets
#Banknifty in focus.
#Hdfcbank 8 days of cons. A move past 1560-65.
#Icicibank 10 days of cons. A move past 717
#Reliance 6 days of cons. A move past 2400
#Hdfc 3 days of cons. Holding 2785-2805 & move past 2825
#Hdfc breaking out..
#Icicibank is poised..
Read 10 tweets
This is chart of #banknifty this expiry.
Do you know, using a simple concept of #PriceAction would have made you 65 lakhs with a capital of 1 lakh.

Read on..
This is first part of series of threads on Price Action Concepts.
Today we'll be dealing with..

Now the definition of these two you must be knowing, I'll cut the chase and deal directly with the best way to draw them .
Read 19 tweets
1. *Uday Kotak on FT Live today.* *_Key points:*_
2. We are somewhere closer to the Investment cycle
3. Private Investment will go up either in 2022 or early 2023
4. Supply constraints and sustained demand pickup will propel New Investment Cycle
@udaykotak #banknifty
5. We have now greater clarity on how Covid19 will do for the past 15 months and even if it is going to be there for a while, we have now ways to meet with it.
6. India fared much better than countries like NZ, Singapore on dealing with 2.0 wave
7. Credit Pickup will happen because the stressed sectors are already taken care of by emergency measures and PLI measures and other relief measures. So Financial Sector will have brighter days.
Read 11 tweets
Monthly Charts: After a long consolidation August closing was very encouraging >35600
Weekly Charts: Clear BO and closed >36500
Clear formation of Higher highs & higher lows

Hourly Charts:
Immediate support 36350-36450 zone & immediate resistance of 37100-37200 zone

BNF structure is bullish and soon we'll witness BNF touching its previous high of 37700, albeit Shakeouts along the journey
Read 5 tweets
Journey of most typical trader.

Before we move forward, kindly like and retweet if you find our content was interesting.
🎯 Swiping TV channels and anchor shouting that investors gained lakhs of crores in a day.
🎯 A friend flaunting that he has earned 5-10K today.
This 5-10K is the monthly salary of many.
🎯Inspiration from Profit screen shot of twitter traders.
After encountering with one among above case, you opened demat account and put 10K as initial capital.
First day of trade, you took very less quantity, say 10 quantity of a share. It came down but you held. at end of the day it went up above the buy price and you booked profit.
Read 22 tweets
Freak trade - A daylight robbery?

Before we move forward, kindly like and retweet if you find our content was interesting.
It was a calm trading day on last trading day of the week and from nowhere price shooted up in some of the contracts disrupting everybody's self esteem!
If we go through past two month's history, this was the fifth/sixth price surge. Past surge were on
🩸On 5th July, Nifty Futures surged 805 points.
🩸On 28th July, Nifty futures made downmove of 530 points.
🩸Bank Nifty 37000 strike price surged 2000 points.🩸Nifty 16450 for August expiry rose by 700 points.
🩸Bank Nifty 37100 PE surged to 1921.
Read 17 tweets
#BANKNIFTY #37100PE Why did it happen and why it will be common?

Note :- it didn't happen due to margin rules.
normally what people are fond of selling the spot straddle and keep SL as total of the straddle and exit at end of day
Even some algos keep on enter-exit at market with same logic

i think us bhai ne bhi yehi soch k trade lia tha what bad luck happen with him was that where his sl was placed their was no seller available and best seller after his stop was at 1921
which was the high of that put, where the best order matched,these usually are arbitrage traders who place random bids to sell to just catch such price difference benifits.
yes, SL-L could have been better but now days everyone is fond of algos even algos have such glitches
Read 4 tweets
Use "ABC" of corrections to initiate LRHR trades.
Even a " Good Trade a day" would be enough.
Zigzag corrections - If understood correctly, it's a straight path to riches...
#Banknifty from "36375-538" zone, making a low of 36469 & now, @ 36739 so far

Learn "Elliott Wave Principle" - a free online book-link here-
Santhosh Kumar
Replying to
I was expecting a move towards 36375.. how should I interpret the corrective wave C (is it incomplete?)

-"Use simple channeling technique to identify a wave completion as well as the start of the next one".
Read 6 tweets
Learn & Earn "ABC" of Trading:
Corrections are primarily 2 kinds-Zigzag & Flat
Zigzag has sub-waves 5-3-5
Flat has sub-waves 3-3-3 or 3-3-5
Once you see A with 5 sub waves, zigzag in play; look for 50%-61.8% retrace to sell for targets 0.618 - 1 times "A"
Another Zigzag in play #tatasteel : pointed out yesterday by @asitbaran in @CNBC_Awaaz
Initiated a "Sell"; part booked on completion of 1st wave; would initiate again on retrace today for a LRHR trade to play the Big 3rd
#tatasteel : pointed out yesterday by @asitbaran in @CNBC_Awaaz
1st wave & 2nd in play;
A LRHR trade to play the Big 3rd @ 1433-39 with 1446 as SL
IF trades fail, doesn't mean yr strategy is wrong. Just yr reading of it is wrong. Reread.
Read 4 tweets
When Elearnmarkets was born, our goal was simple: educate and groom better Stock Market participants. It's the same, even today.

Here are some blog posts you can go through if you are trading in the Indian Stock Market:
( 1.) 7 common reasons why traders lose money in Intraday Trading:

Intraday trading needs good strategies and not intuition. Learn these factors which might be responsible for your losses.
( 2.) 10 Proven Strategies to Always Stay In Profit:

Booking profits is all about patience and grit. Learn these strategies to stay ahead of everyone.
Read 7 tweets
#Banknifty has consolidated yesterday and poised to make it's big move today, "Holding 36170" preferably and "36300" aggressively. Image
Remember to at least "Partbook" to protect profits
#Banknifty almost @ "37000"
Read 6 tweets
Thread on Options in Low Vix High Vol. Environment

At times when Vix is ultra low, premiums are less. As a seller it gets difficult to sell less premiums. If there is a fake move against your direction, it hits the stoploss or forces you to liquidate the position 1/n
only to see market going in your direction. Being a Positional Option Strategist on weekly option then becomes a challenge. How I am coping up with this change....? A thread...

I do not sell cheap options even if its positional 2/n
i.e. bear call spread of 20 point benefit against a max loss of 180 etc in #Nifty or 40 point gain for a 260 point loss in #BankNifty.

Any strategy I create, my priority is to make a strategy with Max_Loss:Max_Profit ratio of 1:1. 3/n
Read 13 tweets
Sharing a few #BankNifty & #Nifty strategies, that we deployed last week. Purpose is to assist retail traders to shift to lower risk trading. These and more similar ones were shared with followers of channel and my premium group, i2gainPremium.
any queries with respect to these are welcome on Twitter and our telegram discussion group
This #BankNifty period spread gave cool 9% in one day - Wed - Thursday, though we could grab some 5.6% only, closed the position around 2:30 P.M.
Read 10 tweets

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