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