BC BANKNIFTY

Nikita Poojary
@niki_poojary 3 years, 4 months ago 392 views

mhqkIzBkQN

#BANKNIFTY

\U0001d403\U0001d41a\U0001d422\U0001d425\U0001d432 \U0001d413\U0001d405: 38855 is the BO level on daily TF which was taken out on Feb 2 & if BNF sustains above 39500 level in the coming week then we can see a fresh leg of upmove

Formation of rising wedge i.e. HH & HL pattern

S/R on daily mentioned pic.twitter.com/liaqfEezkW
— Nikita Poojary (@niki_poojary) February 6, 2022

More from Nikita Poojary

Nikita Poojary
@niki_poojary

Few weeks ago @Ronak_Unadkat Sir conducted an exclusive session for me & @adityatodmal to explain how he trades.

He was kind enough to share all his trade strategies and was patient enough to answer our doubts.

Thought of making a 🧵for the benefit of the larger audience here.

Sir's Option Selling Logic 🧵:
• Reversals in Intraday Option selling
• Strike Selection & SL
• Hedging for any Black Swan Event
• Positional Option selling
• Ratio Spreads
• How to manage the positions
• Capital mgmt

In collaboration with @AdityaTodmal

How to play reversals
• Always look at the chart as a starting point
• Spot the Swing low
• Sell Strikes 300-400 points below that swing low
• Buy a proper hedge

• Example on how to play reversals on Intraday
• Instead of the selling the support strike sell a bit far

• As the strike is far from the support you get enough cushion

• As soon as the SL is hit, you can exit the positions

• without your strike coming into ITM

Nikita Poojary
@niki_poojary

Mr. Vijay Kedia built a net worth of over Rs. 800 crores.

But you probably never read past that headline.

So I binged hours of interviews to learn his investing principles and strategies.

Here are 20 lessons on investing from @VijayKedia1 Sir:

Collaborated with @AdityaTodmal

Before I start, a quick disclaimer, please don't ape his portfolio.

As the entry price, horizon and risk appetite would be far different than yours.

Rather lets draw inspiration and try to learn his stock picking skills.

Now let's DIVE IN👇

1/ Started off as a trader:

- Soon, beginner’s luck started to fade out and loses started to mount, to an extent where his mother was about to sell her ornaments.

- Although he was able to dodge the situation.

- This incident taught him the biggest lesson to have a stop-loss.

2/ Punjab Tractors:

- In 1990, he made his first investment by putting in his 10-years savings of Rs 35,000 in this stock, based on a news trigger that tractor industry will witness a turnaround.

- It worked and fetched him 4-5 times which he calls it as a fluke.

3/ He believes that an investor must possess three qualities:

i. Knowledge,
ii. Courage, and
iii. Patience.

Nikita Poojary
@niki_poojary

The most valuable aspect in trading you aren't using:

POSITION SIZING

Sizing is the key, you'll make big money only if you own a significant size without compromising on risk.

Here are 10 of them, and they are for free: 🧵

Collaborated with @AdityaTodmal

1/ For a faster growth, one needs to have a bigger size:

• What difference would it make if a stock moves by 300%?

• But then, what if you had only 1% capital allocation?

• Despite the stock performing spectacularly, your account won't reflect the same, due to small sizing.

2/ Three types of position sizing:

1. Fixed absolute Rupee amount that one is willing to risk.
2. % risk of the total capital.
3. Basis the edge.

Risk tolerance should be taken into consideration while determining appropriate position sizing.

3/ Fixed absolute Rupee Amount:

• Eg: Total capital is Rs. 10 lacs and the max risk per trade is Rs. 7500

• Lets say a stock is trading at 1200 and your SL is 1120 (i.e. your risk per unit us Rs. 1200-1120 =Rs. 80)

• Optimum qty: 7500/80 = 94 units

4/ Percentage risk of total capital:

• Lets say you want to risk 1% of the total capital on each trade.

• Considering the total capital of Rs. 10 lacs, you shall risk Rs. 10,000 i.e. 1% of 10lacs on each trade.

• Quantity to be traded/invested calculation remains the same.

Nikita Poojary
@niki_poojary

In the month of November 2022, we have shared 9 threads, which includes:

• How to save taxes from trading income
- Individuals
- Corporate way
• Powerful Intraday set-up with screeners
• 12 rules for professional position players

and much more 🧵

1/ How to initiate a short straddle how to manage them with

Short Straddle is the highest payoff strategy in Option Selling.

However, it comes with huge risks as well.

You become good at managing Straddles with adjustments.

Here's a step-by-step breakdown on them:

Collaborated with @niki_poojary

\U0001f9f5
— Aditya Todmal (@AdityaTodmal) November 5, 2022

2/ Things I know now, (after three years) post becoming a full - time

Things I know now that I wish I knew three years ago when I started trading.

Collaborated with @AdityaTodmal

\U0001f9f5
— Nikita Poojary (@niki_poojary) November 5, 2022

3/ How to reduce taxes by optiong for a Corporate

How to use a corporate account to lower taxes drastically

A comprehensive \U0001f9f5 :

Collaborated with @niki_poojary
— Aditya Todmal (@AdityaTodmal) November 6, 2022

4/ Ten powerful intraday setups with

10 most Powerful Intraday Setups with Screeners: \U0001f9f5

Collaborated with @AdityaTodmal
— Nikita Poojary (@niki_poojary) November 8, 2022

Nikita Poojary
@niki_poojary

Over the past month, we have shared 15 powerful threads:

These threads cover topics like:
• Trading
• Psychology
• Strategies (both directional & non-directional)
• Investing
• Free tools for traders
• Free technical analysis courses, etc.

Here they are all in one place!

1/ Top 26 threads from the past 26 weeks of year

Twitter is like a free university.

However, 98.8 percent of users missed out on the best content on this platform.

Here are the top 26 threads from the past 26 weeks of 2022: \U0001f9f5

Collaborated with @niki_poojary
— Aditya Todmal (@AdityaTodmal) July 1, 2022

2/ How to build your Twitter

I started at 0 and grew to 109,000 followers

Here's how we use Twitter and why:

Collaborated with @niki_poojary

THREAD \U0001f9f5 \u2193
— Aditya Todmal (@AdityaTodmal) July 3, 2022

3/ The most simple set-up of Subasish Pani -

Subasish Pani revealed the most simple, yet successful strategy: 5EMA set up!

Here is a thread of 23 video clips on the 5EMA set-up that will save you hundreds of hours and available to you for no cost!

5EMA set-up: \U0001f9f5!

Collaborated with @AdityaTodmal
— Nikita Poojary (@niki_poojary) July 3, 2022

4/Free valuable tools that helps you to trader better!

There are so many tools related to trading.

But very few provide any real value.

Here are 7 of the most valuable FREE Tools you're not using (but should be): \U0001f9f5

Collaborated with @niki_poojary
— Aditya Todmal (@AdityaTodmal) July 9, 2022

More from Banknifty

Trading with Fun
@TradingwithFun1

Anyone here following this intraday nifty and bank nifty futures strategy religiously? Please share results/experience 👍🏻

I feel it’s working with pretty decent accuracy.

$Shivaji Vitthalrao\U0001f1ee\U0001f1f3$

Shivaji Vitthalrao🇮🇳...
@shivaji_1983

#BankNifty -- Blue TL Resistance at 35700-780

Gap area Resistance 34797-35130

Let the index cross Blue line to end this correction. Did the same last 2 times.

Crossing Red Lines triggers fresh rally. Today Index managed to cross yday high

33.9k Key Play the move step by step

Himanshu Chauhan
@pahari_trader

#BANKNIFTY (daily)
Showing strength from 3 days.
Major trend still bearish bcos trading below 200DMA
Short term bias will turn bullish after close above 35000 towards 36000/37000+
Close below 34000 will turn this strength into distribution & lead towards 33000/32150 levels.

Nishant Kumar
@nishkumar1977

#NiftyBank 34650

34300 zone will provide a good

Indrazith Shantharaj
@indraziths

Are you looking for a successful intraday trading strategy in Banknifty?

Well here is one along with entry, exit rules, and backtested results!

MASTER THREAD on Short Strangles.

Curated the best tweets from the best traders who are exceptional at managing strangles.

• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria

How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr

• When to sell
• How to do Adjustments
• Exit

1. Let's start option selling learning.
Strangle selling. ( I am doing mostly in weekly Bank Nifty)
When to sell? When VIX is below 15
Assume spot is at 27500
Sell 27100 PE & 27900 CE
say premium for both 50-50
If bank nifty will move in narrow range u will get profit from both.
— Mitesh Patel (@Mitesh_Engr) February 10, 2019

Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in

Few are selling 20-25 Rs positional option selling course.
Nothing big deal in that.
For selling weekly option just identify last week low and high.
Now from that low and high keep 1-1.5% distance from strike.
And sell option on both side.
1/n
— Mitesh Patel (@Mitesh_Engr) November 3, 2019

1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr

• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only

Sold 29200 put and 30500 call
Used 20% capital@44 each
— Mitesh Patel (@Mitesh_Engr) April 12, 2019

2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.

• Identified a reversal and sold puts

• Puts decayed a lot

• When achieved 2% profit through puts then sold

Already giving more than 2% return in a week. Now I will prefer to sell 32500 call at 74 to make it strangle in equal ratio.

To all. This is free learning for you. How to play option to make consistent return.
Stay tuned and learn it here free of cost. https://t.co/7J7LC86oW0
— Mitesh Patel (@Mitesh_Engr) February 7, 2020