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Nikita Poojary Profile picture
@niki_poojary
Nov 6, 2022 • 8 tweets • 4 min read • Read on X
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#BANKNIFTY

Expecting a fresh ATH this week.

Outlook for the week Nov 7- Nov 11, 2022.

THREAD: Deconstructing BANKNIFTY on 4 different TF's.
#BANKNIFTY

1. Monthly TF:

• Bullish view. At fresh ATH closing on monthly basis.

• Looks very promising at higher TF.

• Will outperform Nifty. Image
#BANKNIFTY

2. Weekly TF:

• Expecting a C&H formation followed by a BO, we had discussed the same in our workshop on Oct 16, 2022.

• Expecting a big move in BNF > 51k which will take several months.

• Waiting for a confirmed BO, for exact targets. ImageImage
Expecting this tgt 2 of channel BO to get achieved within few days.

However once C&H BO happens, will share huge targets.

#BANKNIFTY

3. Daily TF:

• After a two week pause at higher levels we will see a fresh BO. Image
#BANKNIFTY

4. Hourly TF:

• S/R mentioned on the charts. Image
#BANKNIFTY

The more the time a resitance is tested the weaker it becomes. Image
#BANKNIFTY

Conclusion:

• Monthly, weekly & daily TF BNF is bullish.

• Clearly a Buy on dips market.

• #SBIN declared stellar numbers, BO of C&H in this counter is also activated

•BNF >51k which will take several months.

• • •

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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? 🧵

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 🧵
1. Treat trading like a business:

A sound business will make money and hobbies will take money out of your pocket.

• Be thorough about your business
• Set realistic expectations
• Uncertainty is the part of the game
• Strategize to maximize your business's potential
2. Know yourself & your trading type:

• Intra-day trader: Entries & exits within the same day
• Swing trader: Involves holding positions over a period of days or weeks
• Positional trader: Trade lasting for several days or weeks even months
• 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: 🧵

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: 🧵

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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