Tweet

Maybe Scrolly?

Nikita Poojary

Follow @niki_poojary

Apr 3 • 8 tweets • 4 min read

#BANKNIFTY

Outlook for the week April 4-8, 2022

THREAD: Deconstructing BANKNIFTY on 5 different TF's

#BANKNIFTY

1. Monthly TF:

• March was a very volatile month

• However we witnessed a sharp bounce from 32k levels

• Despite LH=LL structure, March closed near higher range of the monthly candle depicting bullish bias

#BANKNIFTY

2. Weekly TF:

• Still trading within the bullish/rising channel

• A break of LH-LL structure would be when BNF sustains >39345

#BANKNIFTY

3. Daily TF:

• After 23 trading days/almost a month BNF closed above 36700 (a top made post declaration of war on Ukraine by Russia)

• April 1, 2022 candle is a strong bullish candle with O=L & C=H (a bullish marubozu) after a long time

#BANKNIFTY

4. Hourly TF:

• 36700 which erstwhile acted as a resistance has now turned into support

• 35800-36k will act as immediate support, as now its a buy on dip market

• As the earnings season round the corner, looks like the buying has resumed ahead of the event

#BANKNIFTY

5. 15min TF:

• On April 1, 2022 had posted a bullish flag formation

• Already achieved 1st tgt, awaiting 2nd tgt

• Don't enter now for this pattern, as R/R would be unfavourable

https://twitter.com/niki_poojary/status/1509804394660859904?s=20&t=9UhPI7P_cVlFldcG1yoy9g

Conclusion:

• 37800-38k is the immediate resistance

• 35800-36k immediate support

• Uptrend has resumed in daily however in weekly & monthly we need to break & sustain > 39425

If you enjoyed this, then do check out my other threads.

I regularly share weekly outlook on indices (NIFTY & BANKNIFTY) and many more threads on trading & finance.

• • •

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

This Thread may be Removed Anytime!

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

More from @niki_poojary

Nikita Poojary

@niki_poojary

Apr 3

#NIFTY

Outlook for the week April 4-8, 2022

THREAD: Deconstructing NIFTY on 5 different TF's

#NIFTY

1. Monthly TF:

• Despite a fresh low witnessed in March 2022 (since Sep 2021)

• March closed at 17464 or near highs of the monthly candle

• Bulls are back in the game for now

#NIFTY

2. Weekly TF:

• Strong bounce from weekly support zones was witnessed

• 18100 needs to be crossed as sustained for fresh upmove

Read 8 tweets

Nikita Poojary

@niki_poojary

Apr 2

@AdityaTodmal

"Nothing can stop the man with right mental attitude from achieving his goal, nothing on earth can help the man with the wrong mental attitude" - Thomas Jefferson

Thread: Psychology, being grateful, draw inspiration & the trading RoI's🧵

Collaborated with @AdityaTodmal

As FY 2021-2022 came to an end, witnessed a lot of tweets of super performance with RoI's ranging from 50%-500%

Glad that the trading community will soon quash this data mentioned below:

A lot of people are unhappy because either:

1. They are still not profitable in trading/investing

2. Because someone else is having a better performance report than yours

Read 14 tweets

Nikita Poojary

@niki_poojary

Mar 27

#NIFTY

Outlook for the week March 28-31, 2022

THREAD: Deconstructing NIFTY on 5 different TF's

#NIFTY

1. Monthly TF:

•Four more trading sessions to go for this month, however so far on monthly a strong pinbar at crucial support

• 'M' pattern is under formation, but wont jump the gun unless the formation and BD is done

#NIFTY

2. Weekly TF:

• Structure of LH-LL indicates a weak structure

• Imp to note the prices reversed from 17350-400 which was the high made on Feb 24, 2022

• The move could be either side for which we need to wait & watch

Read 8 tweets

Nikita Poojary

@niki_poojary

Mar 27

#BANKNIFTY

Outlook for the week March 27-31, 2022

THREAD: Deconstructing BANKNIFTY on 5 different TF's

#BANKNIFTY

1. Monthly TF:

• 4 more trading sessions left for the monthly close
• So far the we are exactly where we opened for this month
• However the huge wicks on both sides clearly depicts the volatile moves for the month

#BANKNIFTY

2. Weekly TF:

• The erstwhile structure of HH-HL has now changed to LH -LL
• So far we haven't got a closing below HL-2 (i..e. weekly close below 34k)
• Dark cloud cover (DCC) under formation
• Confirmation of the same would be if it starts trading <35400

Read 9 tweets

Nikita Poojary

@niki_poojary

Mar 26

@AdityaTodmal

I gathered the coolest & most productive money apps.

Save 100+ hours & money each week

Here's 15 Coolest Money Apps:

Collaborated with @AdityaTodmal

@GooglePay

1. GPay ( @GooglePay )

• Digital payment app powered by Google with zero fees.
• Contactless payments.
• Send or request funds.
• View offers from Google partners.
• Track your spending.