#BANKNIFTY

Monthly TF: Sellers >40k zone

Previous week: Bearish engulfing pattern the confirmation of the same will kick in when BNF starts to trade below 39115. This week was an inside candle
#BANKNIFTY

Hourly TF: S/R levels marked
Strategy: Safe players

Reaction points: 37300 on the lower side & 41000 on the upside if taken out

Capital: 54.6K

RoI: 0.9% for safe players

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

Reaction points: 38390 on the lower side & 40500 on the upside if taken out

Capital: 67.7K

RoI: 1.8% for safe players

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

Reaction points: 38390 on the lower side & 40200 on the upside if taken out

Capital: 73K

RoI: 3.6% for aggressive risk seekers

Disclaimer: This is a very risky strategy, try this only if you know how to do adjustments once the level breaks

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More from @niki_poojary

7 Nov
Larry Hite has two basic rules about winning in Trading as well as in Life:

“Rule 1: If you don’t bet, you can’t win
Rule 2: If you lose all your chips, you can’t bet”

Rule 1 is overcoming the fear & Rule 2 is about Position Sizing

Time for a thread 🧵 on Position Sizing
Position Sizing is about finding what % of your total capital will be exposed to a particular trade

Rule #1: Never put all your eggs in one basket

Rule #2: It is important to diversify to mitigate concentration risk, however too many names will only lead to Di-worsification.
As you go beyond 12-18 names in your portfolio it will be difficult to track as well

A well diversified portfolio can have around 6–8 different scrips

The question is how many shares to trade/invest of a particular scrip?
Read 12 tweets
24 Oct
The 90 degree angle inflection point in a stock is a signal to book profit

Lets understand with a recent example of a stock #IRCTC 🚃🚋

Time for a thread🧵
Monthly TF:

Back to back 6 green candles (each candle represent a month here), which means no profit booking has happened on a larger TF

The angle towards the end of the upmove became much steeper i.e. 90 degree

Such moves are highly susceptible for a bend in the trend
Similar pattern was observed in BTC/USDT pair #BITCOIN

and then BTC fell ~50% from its high made in the month of March 2021
Read 8 tweets
17 Oct
#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
Read 4 tweets
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:
@Mitesh_Engr Sir's Positional Option Selling 101 made in collaboration with @AdityaTodmal

Read 10 tweets
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
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

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