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Jan 30 โ€ข 24 tweets โ€ข 10 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 ๐Ÿงต

Detailed ๐Ÿงต on each sector covering index heavy weight stocks ๐Ÿ“Š
#NIFTYIT covered in detail in a separate thread๐Ÿงต

Read ๐Ÿ‘‡

#NIFTYAUTO #CNXAUTO

Cup & Handle formation in weekly charts, awaiting a BO

The leaders of this sector are also on the verge of BO
Charts of few heavy weight stocks within the Auto sector:

#Maruti

Awaiting for a BO
#TATAMOTORS
Awaiting a BO
#M_M
Awaiting a BO
#EICHERMOTORS
#NIFTYMETAL #CNXMETAL:

Taking support of the purple trendline
#TATASTEEL

H&S under formation

Note: pls dnt short in anticipation, always wait for confirmation

Because if it starts trading >1245, there will be counter H&S (details later)
#HINDALCO
#JSWSTEEL

Weekly & Daily TF charts
#NIFTYPHARMA :
As mentioned in the last week, this support is broken and 13160-190 is the new resistance
Charts of few heavy weight stocks within the Pharma sector:

#SUNPHARMA
#DIVISLAB

Currently a pause after a downward range expansion
#NIFTYFMCG:
Charts of few heavy weight stocks within the FMCG sector:

#HINDUNILVR : Hourly TF formation of a rectangle, awaiting for a BD
#ITC
#NIFTYENERGY

Cup & handle under formation, awaiting a BO
Charts of few heavy weight stocks within the Energy sector:

#RELIANCE :
#ONGC PSU stocks can behave basis rumors, news ahead of the upcoming event Budget

C&H under formation, always wait for a BO or BD
#NIFTYSMLCAP

Keep an eye on that purple TL
#NIFTYMIDCAP
M pattern under formation, however no BD yet.

Confluence of support and purple TL
As mentioned in the last week:

High Beta sectors viz. Banks, Energy, Auto are still showing strength as compared to defensive sectors๐Ÿ’ช

Metals, need to wait for this week to see ๐Ÿคทโ€โ™€๏ธ

Defensive sectors viz. IT, FMGC, Pharma are witnessing profit booking
Hope this outlook helps โค๏ธ

โ€ข Check out my threads on trading & finance

โ€ข If you like it & share it with others ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘ by ๐Ÿ”ƒ the first tweet

Have & happy & a safe ๐Ÿ˜ทweekend!

โ€ข โ€ข โ€ข

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More from @niki_poojary

Nikita Poojary Profile picture
Jan 30
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
Read 11 tweets
Nikita Poojary Profile picture
Jan 29
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ˆ๐ˆ

Topics covered:

โ€ข Moneyness of an Option

โ€ข Intrinsic value & Time value of an option

โ€ข Why Intrinsic value & time value matters

โ€ข Implied Volatility

Time for a ๐Ÿงต

Curated in collaboration with
@AdityaTodmal
โ€ข Moneyness of Option contract:
โ€ข ITM option
โ€ข ATM option
โ€ข OTM option
โ€ข Intrinsic Value of an option:
โ€ข Positive payoff for the buyer
Read 19 tweets
Nikita Poojary Profile picture
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
Nikita Poojary Profile picture
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
Nikita Poojary Profile picture
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
Nikita Poojary Profile picture
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

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