Nikita Poojary Profile picture
Jan 23 โ€ข 10 tweets โ€ข 4 min read
#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

Missing some Tweet in this thread? You can try to force a refresh
ใ€€

Keep Current with Nikita Poojary

Nikita Poojary Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @niki_poojary

Jan 23
๐“๐ž๐œ๐ก๐ง๐ข๐œ๐š๐ฅ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐Ÿ๐จ๐ซ ๐š๐ฅ๐ฅ ๐’๐ž๐œ๐ญ๐จ๐ซ๐ฌ

Detailed ๐Ÿงตon each sector covering index heavy weight stocks๐Ÿ“Š
#CNXIT #NIFTYIT

Profit booking has set in this sector and is undergoing a meaningful correction after lending a strong support to Nifty for many weeks & months.

Had shared a cautionary tweet regarding the same on Jan 2, 2022
Charts of few heavy weight stocks within the IT sector:

#INFY
Read 24 tweets
Jan 15
๐๐š๐ฌ๐ข๐œ๐ฌ ๐จ๐Ÿ ๐ƒ๐ž๐ซ๐ข๐ฏ๐š๐ญ๐ข๐ฏ๐ž๐ฌ - ๐๐š๐ซ๐ญ ๐ˆ๐ˆ

โ€ข How options can be used

โ€ข How to trade in options & exit strategy- buyers

โ€ข Imp of theta decay

โ€ข How to trade in options & exit strategy -sellers

Time for a Thread๐Ÿงต

Curated in collaboration with
@AdityaTodmal
โ€ข The lame textbook def of right but not the obligation etc is simply confusing

โ€ข This is how you can remember, by understanding the logic of the instruments with your view on the market
โ€ข In a nutshell: Options are instruments used to express your view on the market

โ€ข The view could be same but the instruments played by the buyers and sellers could be different
Read 14 tweets
Jan 8
๐๐š๐ฌ๐ข๐œ๐ฌ ๐จ๐Ÿ ๐ƒ๐ž๐ซ๐ข๐ฏ๐š๐ญ๐ข๐ฏ๐ž๐ฌ

โ€ข What is a derivative

โ€ข Various derivative products

โ€ข Participants in derivatives market

โ€ข Uses of derivative instruments

โ€ข Beta & hedge ratio

โ€ข Option Greeks

Time for a Thread ๐Ÿงต

Curated in collaboration with @AdityaTodmal
โ€ข What is a derivative?

โ€ข Which assets can derive the value from its underlying
Various products in the derivatives world

โ€ข Forwards

โ€ข Futures

โ€ข Options

โ€ข Swaps

โ€ข Exchange Traded

โ€ข OTC
Read 24 tweets
Dec 31, 2021
There are some years that become a dividing lineโญ๏ธ

2021 is one of the most incredible year of my life, worked on so many new stuff and I'm glad & grateful that I found a great friend and a business partner @AdityaTodmal ๐Ÿค 

Also, Thank you โค๏ธto everyone who has joined me๐Ÿ™
As we look forward to 2022, letโ€™s do a quick round up of all the threads ๐Ÿงต for the year 2021

Curated these threads with @AdityaTodmal

Have covered concepts on trading & finance

Excited to continue learning ๐Ÿค“alongside all of you. The future is so bright!๐Ÿคฉ
@Mitesh_Engr Sir's Positional Option Selling 101 made in collaboration with

@AdityaTodmal

Read 15 tweets
Dec 26, 2021
Learnings from one of my favorite Trader & Youtuber Mr. Subasish Pani @subasish_pani of ๐—ฃ๐—ผ๐˜„๐—ฒ๐—ฟ ๐—ผ๐—ณ ๐—ฆ๐˜๐—ผ๐—ฐ๐—ธ๐˜€ fame from the F2F interview conducted by @Vivbajaj Sir of @elearnmarkets fame

Time for a thread ๐Ÿงต
โ€ข After being a successful in cash, futures & option buying in intraday Subasish is currently a Positional Option Seller
โ€ข Probably an only option seller who sells Deep ITM options
Read 28 tweets
Dec 12, 2021
#BANKNIFTY

Outlook for the week Dec 13, 2021

Nov Monthly: Bearish Engulfing (BE) formation done however confirmation would be once it starts trading below 35695

Weekly: There are no lower lows, however we need a higher highs in weekly to change the stance from neutral to +ve
#BANKNIFTY

Daily: Bullish structure, BO of rectangle or W pattern and since past three days 36800 zone is where buyers are active

BNF after making an upmove of 1700 points, remained sideways for past two days
#BANKNIFTY

Hourly: Clear formation of bullish flag, awaiting a BO

Strong upmove followed by sideways consolidation in the upper one third area of the upmove
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(