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Nikita Poojary Profile picture
@niki_poojary
Jan 23, 2022 โ€ข 10 tweets โ€ข 4 min read โ€ข Read on X
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#BANKNIFTY

๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐ฐ๐ž๐ž๐ค ๐‰๐š๐ง ๐Ÿ๐Ÿ’, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ ๐Ÿงต

Will be covering multi-time frame analysis:

1. Monthly TF
2. Weekly TF
3. Daily TF
4. Hourly TF
5. 15min TF
#BANKNIFTY

๐Œ๐จ๐ง๐ญ๐ก๐ฅ๐ฒ ๐“๐…: Though 5 more trading sessions to go, looks bullish, infact in this leg, BNF is more stronger than NF
#BANKNIFTY

๐–๐ž๐ž๐ค๐ฅ๐ฒ ๐“๐…: After a strong upmove from 34k to 38850 levels BNF is resting at higher levels

Still moving within the bullish channel
#BANKNIFTY

๐ƒ๐š๐ข๐ฅ๐ฒ ๐“๐…: 36950-37300 is a support zone

The sharp recovery post 3pm on Friday is not a surprise now that ICICI bank's fantabulous results are out

ICICIBANK clearly has outperformed not just on all parameters but also outshined the big banking daddy HDFCBANK
#BANKNIFTY

๐‡๐จ๐ฎ๐ซ๐ฅ๐ฒ ๐“๐…: BNF took support from 37250 zones three times on friday and closed at day high. 37250 levels will act as a strong support for now
#BANKNIFTY

๐Ÿ๐Ÿ“ ๐ฆ๐ข๐ง ๐“๐… : We can clearly see a BO of the trendline and BNF closing at day high despite weak global cues on Friday and a gap down open.

All these pointers clearly indicate the leg of rally would be led by BNF
Two things to take of note of for the current week:
1. Jan 26: Trading holiday for India
2. Jan 26: US FED meet on interest rates which will be on the midnight (IST time)
So essentially we would be reacting to their interest rate decisions on Thursday morning i.e. on expiry
๐‘บ๐’•๐’“๐’‚๐’•๐’†๐’ˆ๐’š ๐’‡๐’๐’“ ๐‘บ๐’‚๐’‡๐’† ๐’‘๐’๐’‚๐’š๐’†๐’“๐’”:

Reaction points: 36900 & 39000 on the upside & downside respectively

Capital: 54.6K

RoI: ~1% for safe players

Disclaimer: Try this only if you know how to do adjustments once the level breaks
Focus on this week & the upcoming budget week would be more on Capital Preservation over returns

Wishing everyone a safe week ahead!
Hope this outlook helps โค๏ธ

โ€ข If you are new to my TL then you can check out my previous BNF weekly outlook ๐Ÿค 

โ€ข Check out my threads on trading & finance ๐Ÿ“Œ my profile

Have & happy & a safe ๐Ÿ˜ท weekend!

โ€ข โ€ข โ€ข

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More from @niki_poojary

Nikita Poojary Profile picture
May 27, 2023
Zero position is also a strategy.

A positional option seller can't avoid unknown risks.

Traders can save capital & mental peace by avoiding overnight positions on few occasions.

When to avoid carrying overnight positions for Option Sellers? ๐Ÿงต

Collaborated with @AdityaTodmal
1. US Inflation Data:

Lately, US inflation data has started hurting a lot. As it creates a huge move in DOW. Indian markets can only react to it the next day.

Usually, because of such favorable or unfavorable data, there are usually big gaps.
Example 1: Check the charts on 10th June.

These are surprise gaps that may or may not open in your favor.

The following day, there was a 760-point gap down.

Stranglers would have been killed and sitting with 2-3% losses for sure. Image
Read 23 tweets
Nikita Poojary Profile picture
May 13, 2023
As per the SEBI report, 89% F&O traders are not profitable.

There is a systematic method on becoming a successful trader.

Here are the 10 principles that will put you in the top 1%:

Collaborated with @AdityaTodmal ๐Ÿงต
1. Treat trading like a business:

A sound business will make money and hobbies will take money out of your pocket.

โ€ข Be thorough about your business
โ€ข Set realistic expectations
โ€ข Uncertainty is the part of the game
โ€ข Strategize to maximize your business's potential
2. Know yourself & your trading type:

โ€ข Intra-day trader: Entries & exits within the same day
โ€ข Swing trader: Involves holding positions over a period of days or weeks
โ€ข Positional trader: Trade lasting for several days or weeks even months
โ€ข Scalper: Quick entries and exits
Read 16 tweets
Nikita Poojary Profile picture
Apr 29, 2023
Subasish Pani revealed the most simple set up for working professionals and beginners : Traffic Light setup!

Bonus: This setup doesn't require deep knowledge of technical analysis like support and resistance.

Traffic Light Setup: ๐Ÿงต

Collaborated with @AdityaTodmal Image
Here's a breakdown of his video on the Traffic light set-up that will save you hundreds of hours and available to you for free!

In this thread, we will cover:

Scalping
Option buying
Time frame selection
Strike selection
Stop loss
Re-entry
Target
Option Selling
Risk management
1. Think outside the box.

Everyone sees the patterns and support - resistance.

But as a beginner it is challenging to know the exact resistance and support, or chart and candlestick patterns.

However one can still make money by trading this simple set-up.
Read 23 tweets
Nikita Poojary Profile picture
Apr 22, 2023
I went from selling just 3 lots to trading in 200 lots of BankNifty options within 2 years.

After meeting @AdityaTodmal in 2021, I was able to grow my trading account real quick.

10 key things I learnt from him that accelerated my trading career:
1) 3-step process to success:

a. List the top 5 traders and figure out what they do
b. Simply ape their trading style
c. Don't try to re-invent the wheel
Aditya has a very curious mind that makes him want to learn from anyone who has consistency.

According to him, one should always invest in learning, as it shortens the curve.

Either they teach you what to do or they teach you what to avoid.
Read 24 tweets
Nikita Poojary Profile picture
Mar 26, 2023
Early trading years are painful.

You feel like an idiot 98% of the time - lost, confused and in losses.

I wish I had a playbook on Option Selling when I started out.

So I put one together.

Here are 9 threads that'll accelerate your growth:

Collaborated with @AdityaTodmal
1/ 7 lessons on mastering Trading
2/ How to make 1% consistently via Option Selling?
Read 12 tweets
Nikita Poojary Profile picture
Mar 24, 2023
Rating Research reports can make you rich.

But only if you know how to use them correctly.

@iManasArora uses rating reports to take contra bets with almost 100% accuracy and here's how: ๐Ÿงต

Collaborated with @AdityaTodmal
1/ Rating Agencies reports to filter stocks:

Most international rating agencies issue a downgrade only after a significant correction in the stock.

Similarly, they come up with an upgrade report after a sharp rise in the stock.
But don't take their reports on face value and DYOR (Do Your Own Research) before investing.

Because rating reports are a lagging indicator and price is always a leading indicator.
Read 21 tweets

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