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Nikita Poojary Profile picture
@niki_poojary
Jan 30, 2022 โ€ข 11 tweets โ€ข 6 min read โ€ข Read on X
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๐“๐ž๐œ๐ก ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ ๐จ๐ฎ๐ญ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฐ๐จ๐จ๐๐ฌ ๐ฒ๐ž๐ญ?

Read this ๐Ÿงตto find out!

Covering US tech index NASDAQ & out own NIFTY IT with two leaders in the sector๐Ÿ“ˆ๐Ÿ“‰๐Ÿ“Š
#NASDAQ

Weekly structure weak, in a downtrend

currently 13k zones acting as an immediate support
#NASDAQ

However in 180 min TF bearish flag is under formation
BD confirmation only once it starts trading below 13300 decisively
#NIFTYIT

Monthly TF:๐Ÿป

A strong Bearish engulfing candlestick pattern has formed, although 1 trading day to go for the levels (which I'll update later)
#NIFTYIT

Weekly TF:๐Ÿป

Range expansion witnessed on the downside, infact the entire red candle for the month is due to the past two weeks severe correction witnessed in the IT space
#NIFTYIT

Daily TF: After a strong sell off, i.e. a range expansion on the downside, we might witness a range contraction i..e sideways to consolidation before the next move

Remember: Range expansion ๐Ÿ”„ Range contraction
#INFOSYS

Range contraction followed by a range expansion
Ditto like the IT sector
#TCS

Monthly TF: price unable to sustain >3796
#TCS

Weekly TF: M pattern under formation the confirmation will be only once it breaks the M pattern, also keep an eye on the purple TL
Conclusion:

#NIFTYIT had a dream run and was a sectoral leader in 2021 and was responsible for #NIFTY 18600 levels

#NIFTYIT had an extended move on the upside

Moreover, whenever the US market Sneezes๐Ÿคง, Indian market catches Cold๐Ÿฅถ

Double whammy!๐Ÿ˜ตโ€๐Ÿ’ซ

โ€ข Check out my other threads on trading & finance ๐Ÿ“Š

โ€ข Hope you found this insightful ๐Ÿค 

โ€ข Do let me knw in the comments๐Ÿ—ฃ๏ธ

Have & happy & a safe ๐Ÿ˜ท weekend & the week ahead!๐Ÿ˜ฌ

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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