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17 Oct, 4 tweets, 2 min read
#BANKNIFTY

Outlook for the week Oct 18 - Oct 21, 2021

Clear BO on the Weekly TF

1/4
#BANKNIFTY

Supports at hourly TF

2/4
#BANKNIFTY

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

3/4
#BANKNIFTY

Analysis on 15min TF

4/4

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More from @niki_poojary

Nikita Poojary Profile picture
15 Oct
In the past few months I have curated various threads🧵

For some reason, people seem to love it

Here are all of them, chronologically:
@itrade DJ Sir's set up made in collaboration with @AdityaTodmal

@Mitesh_Engr Sir's Positional Option Selling 101 made in collaboration with @AdityaTodmal

Read 10 tweets
Nikita Poojary Profile picture
26 Sep
#BANKNIFTY

Structure looks bullish 🐂in Monthly Weekly & Daily TF

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

Charts attached👇
#BANKNIFTY

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
Nikita Poojary Profile picture
25 Sep
Sep 23, 2021 - Weekly expiry, preceded by the FOMC meet and not to mention the gap up which then turned out to be a trending day

Here’s how the strangles were converted into straddles & how the positions were managed!

Time for a Thread 🧵
• Wednesday night (IST) there was an event, FOMC meet
• Markets were jittery, as they say, when US sneezes the world catches cold
• Both Dow & Nifty were weak
• All eyes were fixed on the Fed Reserve Chair Jerome Powell’s take on interest rate and the pace of asset purchases
• So didn’t wanted to get caught on the wrong side, hence on Wednesday noon Shorted a strangle
• ~700-800 points away from where the BNF was about to close i.e. 37k levels
• 37800 CE @ 43 & 37700 CE @ 34 & 36200 PE 28 & 36300 PE at 34 Image
Read 20 tweets
Nikita Poojary Profile picture
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
Nikita Poojary Profile picture
5 Sep
#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
Read 5 tweets
Nikita Poojary Profile picture
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

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