Central Pivot Range—(CPR)

What does it mean?

7 tweets that will teach you about its basics (and much more):🧵

Collaborated with @niki_poojary

Best FREE website for FNO Heatmap - ICICI DIRECT

https://t.co/honvUA9lmx

Advantages:
1. Quantitative Analysis in one place
2. Easy to find stocks where action taking place
3. Find the exact price levels at which OI is being added.

(1/5)

For example, Nifty Heatmap Can easily scan for

1. Long Build up (Price up and OI up)
2. Long Unwinding (Price down and OI down)
3. Short Buildup (Price down and OI up)
4. Short Covering (Price up and OI down)

(2/5)

1. 15 mins Built up can check in any stock
2. Easy to find Intraday Bullish and bearish trend
3. Eg of Bajaj Auto who was up 9% on Friday. Long Built up had started in the morning itself.
4. Shows the quantities also which are being traded in those intervals.

(3/5)

5. There are 25 time intervals available everyday.
6. If a stock has to go up or down a lot it will be heavily dominated in these time intervals.
7. Bajaj Auto had 14 times long built up on Friday.
8. IndusInd Bank had 13 short built ups on Friday. IndusInd fell 3.5%.

(4/5)

Some people5 check the last 45 mins data of the day too to predict the gap opening for the next day.
Data gives them additional conviction, especially if huge contracts addition is taking place.

(5/5)

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How do I save taxes above 50,00,000 income?

• Not hiding income
• Not spending too much time
• Not trading in multiple accounts simultaneously

It's the same process that the top traders & fund managers use to save taxes. It works.

THREAD: 🧵

Collaborated with @niki_poojary

The Ultimate Guide for Traders who want to understand how they can use:

1) Unsecured Loans
2) Claim Expenses
3) Pvt Company

To drastically lower their taxes.

Have spoken to a lot of CA's and have got this information from them.

Follow these steps to pay lower taxes: ↓

Step 1:

The first thing traders do is loan their money to their family members to trade in their accounts so that they can make a profit in the family members' name.

This way the tax is divided by different names.

So you don't have to pay taxes on one name only.

How do they do this?

They use "Unsecured Loans".

It is completely legal to give a loan to your family.

Once they get the loan in their account, they can use that money to start trading.

30% tax is charged above 15 lakhs income.

Until 15 lakhs, you can trade in their names.

Assuming a family of 4 (most common) until 60 lakh profit you can do this.

This would be much better than making 60 lakh income on one name only.

Not only are you charged a lower tax rate by doing this, but you also make use of the no-tax slabs.

Over the last 18 months, I have scaled my income to around ₹10,00,000 or 10 lakhs per week with drawdowns below 10%.

How?

@niki_poojary taught me how to form a weekly trading plan.

I'm going to share what I've learned in this thread.

Here's the simple 10 step process: 🧵

1. Check on the daily chart if Bank Nifty is in a higher high or lower low:

A higher-high (HH) is a bullish pattern, it signifies that it is difficult for the market to go down.

If that has formed on the daily chart, the market will give all the surprises on the upside.

If the market is in a higher high mode, look for good opportunities to sell puts.

Usually, at a higher high, traders buy on breakouts and also buy the dips.

If you want a good Risk-Reward, you can sell puts on a dip. (Only if it's showing some reversal)

2. Take High Probability Trades

Simply knowing a higher high or lower low does not make money. It gives you a bias for the week.

Still, you should try to take higher probability trades that align with your view of the market.

This will get you consistency and a good mindset.

3. Support & Resistance

I would say Support Resistance is the most important and favorite thing for @niki_poojary.

She keeps updating these levels with charts on her Twitter handle during live markets daily.

Attaching some examples will do a detailed thread on this later.

Breakout Scanner listed many charts today!

Steps to use this FREE Scanner - https://t.co/3teN7Jtuyk

(Link is given inside the article) https://t.co/CNMGIPbK5S

#Strategy
A simple strategy; Cam breakout strategy; Major rules for longs r morning open above R3; Long when full candle ab R4 and ab 25ema; Exit when price drops bel 25ema or bel R3 or till 3.15. Rev for short. Backtest from 2019 - Profit factor 2.06 / Finer rules confidential.

(1/3)

I am using only one indicator in the chart.
i.e DC(20) = Donchain Channel
I use 3 min chart and the DC period is 20, so DC high is basically the last 1 hour high & DC low is the last 1 hour low.
The middle line is the median of high and low.

(2/3)

Donchian channels are mainly used to identify the breakout of nifty/BNF.
We can take directional bias based on the indicator.
If nifty is breaking DC high, can take bullish view.
if it is breaking DC down, can take bearish view.
if it is in between, can trade range-bound.

(3/3)

We can monitor nifty/banknifty futures with volume along with DC.
If the volume is 1.5 to 2 times the average volume and if DC high/low is taken out then it can be a strong bullish/bearish signal.

Technical Green Flags

Gap up after Earnings
Relative Strength vs the market
Higher Highs, lows
Retaking MAs
Respect for logical support
Stage 2 Uptrend
Breakouts through resistance on HV
Pocket Pivots
Strong DCRs
Orderly price action
Near or at ATHs
Weekly Vol Spikes

What else?

@Prakashplutus Gold price is inversely related to the bond yields.

Higher the bond yield lesser the #Gold
#US02Y