#BANKNIFTY
Monthly Charts: After a long consolidation August closing was very encouraging >35600
#BANKNIFTY
Weekly Charts: Clear BO and closed >36500
#BANKNIFTY
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
#BANKNIFTY Strategy : Aggressive Traders

Reaction points: 36200 on the lower side & 37500 on the upside is broken

Capital: 55K

RoI: 4.2% for aggressive traders

Disclaimer: Try this only if you know how to do adjustments once the level breaks
#BANKNIFTY Strategy: Moderate risk

Reaction points: 36000 on the lower side & 37700 on the upside is broken

Capital: 59K

RoI: 2.5% for moderate risk traders

Disclaimer: Try this only if you know how to do adjustments once the level breaks

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More from @niki_poojary

11 Sep
📊Mysterious case of the Missing candle

Time for a Thread 🧵

In the past few weeks, many screenshots of the FREAK TRADES are doing rounds on the social media.

Lets understand what causes freak trades and how to dodge them!
What is a Freak Trade: 👹
• Freak trade is a trade where the price of the underlying is being traded at a significantly abnormal price for a brief period usually micro seconds & thereafter the underlying again starts trading back to its normal levels
Example of freak trades:
• On Sep 7, 2021, BNF 36000 PE Sep 9, shot up suddenly to ₹750
• The option finally closed at ₹53.65.The option’s day low was 35.25.
• The underlying Bank Nifty Index opened at 36,559, hit a high of 36,686 and low of 36,152 before closing at 36,469
Read 14 tweets
4 Sep
Sep 1, 2021, fresh month starts with a challenge i.e. introduction of Peak Margin rules by SEBI

Time for a 🧵

Lets demystify the Peak Margin rules and try to find solutions for the option sellers!
Peak Margin by SEBI:
• 100% upfront margin for intraday trades in the derivative segment
• Effectively MIS orders = NRML orders, as both will attract same margin in the derivative segment
• Minimum margin for equity intraday trades will be 20% of trade value i.e. 5X leverage
How things used to operate erstwhile?
• Until last year there were no standardization of leverage
• Brokerage firms used to offer their clients intraday leverage of 5x, 10, 15x, 20x etc. as margin reporting was done on EoD basis
Read 19 tweets
1 Aug
Time for a Thread🧵On yesterday’s “F&O Pe Charcha - Diary Of An Option Seller” with @Mitesh_Engr by @Paytm Money
Why Gain/loss ratio is important that the batting average
• More than the Win Loss ratio check the total Gain /loss ratio
• If your avg loss is 1% and avg gain is +5% then even if you are losing in 7 positions and winning in 3 out of 10 still you will be net profitable
Treat Trading as a business:
• Stick to a single strategy. Eg: A restaurateur usually wouldn’t be changing his recipe on a daily basis
• Mitesh Sir only works on BO or BD strategy, as he is a versatile trader
Read 39 tweets
17 Jul
Catch me if you can @Mitesh_Engr

Time for a🧵
Mitesh Sir's EXPIRY Option Selling 101:
• What to look for?
• Strike Selection & Ratios
• SL mgmt
• Avoiding freezes
• Monthy Expiry
• Event days
• How he would have traded last expiry?

In collaboration with @AdityaTodmal
Edward de Bono says intelligence is like a🚗 Automobile

“A powerful car may be driven badly. A less powerful car may be driven well. The skill of the car driver determines how the power of the car is used.”
What @Mitesh_Engr Sir looks at for Expiry Trading:

• Technicals of BNF
• Individual Heavyweight stocks of BNF
• Support/Resistance of BNF on weekly TF
• Also has Superb SL management
• When it comes to adjustments, he is always on toes
Read 17 tweets

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