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ARJUN BHATIA Profile picture
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9 Feb, 6 tweets, 2 min read
Bank Nifty View
Read Full Thread ๐Ÿงต
36615/36520/36477 are upper resistance levels.
35611/35545 are lower support zones.
The levels mentioned above are the best risk: reward points where taking trade is very favorable in terms of R:R
Any rejection from these levels can be
opportunity to enter trades.
So first way is to enter on rejection from any of these levels with a small SL and good reward.
Second way is to enter on breakout/breakdown of these levels and wait for a pullback for good risk reward entry.
If you want exact levels where i will take
trades in live market join our free telegram channel t.me/twittermembers
Or simply search twittermembers on telegram.
Nifty View for 10Feb2021
Nifty is much stronger than BNF because Nifty crossed and sustained above lifetime high today but BNF didn't
Upper Resistance level is 15256
Lower Support Levels are 15064/15041/15014
Like BNF same two ways to trade are
First Way is to wait for rejection
from these levels and enter with a small SL
Second Way is to let breakout/breakdown of these levels happen , wait for pullback and then enter for a favourable RR
To know where exactly i will trade join our free telegram t.me/twittermembers
Or simply search twittermembers on
telegram and join.
Disclaimer : I am not qualified to say mene bola tha untill i will myself not trade on these levels.
View without a trade is just a view.
If i enter will update on telegram group and then officially legally ๐Ÿš€ udaenge sath mein ๐Ÿ˜†๐Ÿ˜†

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More from @ArjunB9591

ARJUN BHATIA Profile picture
14 Oct 20
๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด ๐—ฅ๐˜‚๐—น๐—ฒ๐˜€ ๐—จ๐˜€๐—ถ๐—ป๐—ด ๐—ข๐—ฝ๐—ฒ๐—ป ๐—œ๐—ป๐˜๐—ฒ๐—ฟ๐—ฒ๐˜€๐˜

1. When open interest rises during a rally, it confirms the uptrend and gives a green
light to add to long positions. It shows that more short sellers are coming into the
market.

1/n
When they bail out, their short covering is likely to push the rally higher. When open interest rises as prices fall, it shows that bottom pickers are active in the market.

2/n
It gives a green light to shorting because those bargain hunters are likely to push prices lower when they throw in the towel
If open interest rises when prices are in a trading range, itโ€™s a bearish sign. Commercial hedgers are much more likely to sell short than speculators
3/n
Read 12 tweets
ARJUN BHATIA Profile picture
13 Oct 20
Some of charts of Insurance Sectors which i personally feel to be weak.
1. General Insurance Corporation Of India
GICRE
Bearish Ichimoku Analysis
Weak Positionally
About to break support zone.
Closing below 118.9 can retest lows of March 2020
Bear Flag Pattern + H&S2
2. ICICI LOMBARD GENERAL INSURANCE CO. LTD
Bearish Ichimoku Analysis
Pin Bar in daily chart.
At support of 1200
Rooms for 1125 opens after we close below 1200
Inverse c&h pattern
H&S pattern
3. SBI LIFE INSURANCE CO. LTD
Bearish Ichimoku Analysis
Inverse c&h
H&S pattern
A very bearish chart structure.
Closing below 780 next stoppage will be around 730
Read 5 tweets
ARJUN BHATIA Profile picture
13 Oct 20
Learning Thread On Open Interest
From the book "The new Trading for a living"
A long thread please read and retweet if you find useful.

Open interest is the number of contracts held by buyers or owed by short sellers in
any derivative market, such as futures or options

1/n
Stock market shares are traded for as long as the company that listed them stays in business as an independent unit.

2/n
Most shares are held as long positions, with only a
small percentage of shorts. In futures and options, on the other hand, the total size of
long and short positions is always identical, due to the fact that they are contracts for
future delivery.

3/n
Read 14 tweets
ARJUN BHATIA Profile picture
11 Oct 20
Read Full Thread before getting fascinated about making money.
Just sharing to motivate young traders who have lost a major chunk of their capital and still have courage and enthusiasm to trade and become a consistent trader.

1/n
Yes i blew up my capital 6 times between Sep 2015- May 2017 loosing around 9 lakh rupees.
By gods grace being from a well settled and upper middle class family i always knew that i had my family business as the lender of last resort.
But I didn't stopped
2/n
May 2017- Dec 2017 around 8 months were the life changing period for me.
I wanted to give last try to markets.
I started reading books , i started watching videos.
I started going to different people asking queries about charts , indicators
3/n
Read 9 tweets
ARJUN BHATIA Profile picture
4 Oct 20
#learningsbyab
๐’๐„๐•๐„๐ ๐†๐Ž๐‹๐ƒ๐„๐ ๐‘๐”๐‹๐„๐’ ๐“๐‡๐€๐“ ๐˜๐Ž๐” ๐Œ๐”๐’๐“ ๐…๐Ž๐‹๐‹๐Ž๐– ๐“๐Ž ๐†๐‘๐Ž๐– ๐…๐‘๐Ž๐Œ ๐€ ๐–๐ˆ๐‹๐ƒ ๐€๐Œ๐€๐“๐„๐”๐‘ ๐“๐‘๐€๐ƒ๐„๐‘ ๐ˆ๐๐“๐Ž ๐€ ๐‚๐€๐‹๐Œ ๐๐‘๐Ž๐…๐„๐’๐’๐ˆ๐Ž๐๐€๐‹ ๐“๐‘๐€๐ƒ๐„๐‘
1/n
Rule no 1.

Decide that you are in the market for the long haul--that is, you want to be a trader even 20 years from now.

2/n
Rule no 2.

Learn as much as you can. Read and listen to experts, but keep a degree of healthy scepticism about everything. Ask questions, and do not accept experts at their word.

3/n
Read 10 tweets
ARJUN BHATIA Profile picture
4 Oct 20
๐—ช๐—›๐—”๐—ง ๐—œ๐—ฆ ๐—ฃ๐—ฅ๐—œ๐—–๐—˜ ?
Traders can be divided into 3 groups: buyers , sellers and undecided. Buyers want to pay as little as possible, and sellers want to charge as much as possible. Their permanent conflict is reflected in bid-ask spreads
1/n
ASK is what a seller asks for his merchandise.
BID is what a buyer offers for that merchandise.
A buyer has a choice: to wait until price comes down or pay what sellers demand. A seller has similar choice: wait untill price rise or accept a lower offer for his merchandise.
2/n
A trade occurs when there is a momentary meeting of two minds: an eager bull agrees to a seller's terms and pays up, or an eager bear agrees to a buyer's terms and sells a little cheaper.
3/n
Read 6 tweets

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