Nikita Poojary Profile picture
Jan 23 โ€ข 24 tweets โ€ข 12 min read
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
#NIFTYAUTO #CNXAUTO

Recently broke out from 11275 zone and that will be the immediate support and a demand zone as well.

It has already tested 12k levels twice and maybe the third time it'll give a BO above 12k levels & make a fresh ATH
Charts of few heavy weight stocks within the Auto sector:

#MARUTI : Inverse H&S formation (trend reversal pattern), awaiting a BO
#TATAMOTORS : A flag formation since Sep 2021 is under formation, awaiting a BO
#NIFTYMETAL #CNXMETAL: After a BO of the W pattern, looks like there is a re-test of the same
Charts of few heavy weight stocks within the Metals sector:

#TATASTEEL : Positive and a bullish sign when the volume on green days > volume on red days
#HINDALCO : Looks like 470 will act as a good support
#NIFTYPHARMA : After testing the 13160 zone several times the support has become weaker and the next immediate support is 12350-12475 zone
Charts of few heavy weight stocks within the Pharma sector:

#SUNPHARMA

Profit booking has set in for the shorter term in this sector
#DIVISLAB After a fab run up since May 2017, meaningful correction has set in
#NIFTYFMCG: this sector is also witnessing some serious profit booking
Charts of few heavy weight stocks within the FMCG sector:

#HINDUNILVR : Classic reversal pattern has set in in monthly charts, i.e. Evening star formation at the top.

Even on weekly it has broken a upward sloping TL
#ITC
A lot has already been said abt this stock ๐Ÿ˜ท
#NIFTYENERGY
Looks good trading near ATH, however usually stock/index doesn't clear the resistance in one go.

If it consolidates at the higher level and then gives a fresh BO that would be favourable!
Charts of few heavy weight stocks within the Energy sector:

#RELIANCE : Came up with a good set of numbers, lets see where it goes from here
#ONGC PSU stocks can behave basis rumors, news ahead of the upcoming event Budget, but its trading near ATH however usually stocks are unable to clear the resistance in one go
#BANKNIFTY

Moving within the bullish channel,
So far HDFC Bank & ICICIbank results are out, both delivered good set of numbers, infact fireworks by ICICIBANK
Charts of few heavy weight stocks within the Banking sector:

#HDFCBANK moving within the bullish channel
#ICICIBANK : Waiting at higher levels
Conclusion:

High Beta sectors viz. Banks, Metals, Energy, Auto are showing strength

Defensive sectors viz. IT, FMGC, Pharma are witnessing profit booking

Clear indication of sector rotation
Hope this outlook helps โค๏ธ

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

โ€ข I'm thinking to do this Sectoral analysis every month, lemme knw if you like it & share it with others๐Ÿค 

Have & happy & a safe ๐Ÿ˜ท weekend!

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More from @niki_poojary

Jan 23
#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
Read 10 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

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