#BANKNIFTY

Bears were roasted in the past weeks short squeeze!

In a weeks time BNF is up by 2k points and gave a comfortable closing >35k

Bulls are back in the game!

Outlook for the week Jul 11 -Jul 15, 2022.

THREAD: Deconstructing BANKNIFTY on 4 different TF's.

How to save taxes on the trading profits for an individual

4 Legit ways to retain most of the trading income: 🧵

Collaborated with @AdityaTodmal

1. Divide your capital amongst your family members:

• Ensure they are not salaried employees as they might not be allowed to trade as per their employer's policy.

• Your family is your strength, not just emotionally, but financially too.

• E.g. your net taxable income works out to Rs. 50 lacs, as per the new tax regime, you are in the 30% tax bracket.

However, if you divide the capital amongst your family members in such a way that the net taxable income works out to Rs. 12.5 lacs per member (assuming 4).

This way the tax bracket gets shifted from 30% to 20%, clear saving of 10%

2. Expenses a trader can claim:

All the expenses directly related to the trading business can be claimed.

i) Rent Expense: If one has an office on rented premises, rent paid is a valid expense. However, you should have the rent receipts & rent agreement as valid proof.

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: 🧵!

Collaborated with @AdityaTodmal

1/Don't hate on any style:

• Admire the fact that money can be made from intraday, scalping, positional, option buying, selling, futures, etc

• Try to understand which one fits you the most and apply that, then ignore the rest!

2/ System with a R/R of minimum 1:3:

• Here is a system that works for investing, scaping, positional, options buying and selling, futures etc.

• The R/R of this set up in intraday is 1:3 & for investing can go beyond.

3/ Why EMA over SMA? :

• Exponential moving average is used, as it places a greater weight and significance on the most recent data points.

4/ 5EMA moves very close to the prices:

• Mean reversion theory: Asset prices usually tend to go back to normal or average levels after an extreme price move.

• Prices routinely oscillate around the mean but tend to return to that same average price over and over.

Celebrating 1million followers of #Powerofstocks a youtube channel by #SubasishPani

A VIDEO 🧵: 8 CONCEPTS THAT YOU JUST CANT AFFORD TO MISS OUT!

Collaborated with @AdityaTodmal

1. How to draw support and resistance?

• Spot the U-turns i.e. the bend in the existing trend.

• He explains the change in the polarity concept here.

Example 1: How to draw support and resistance on charts

The more any Support /Resistance is tested the more it becomes weaker

2. Inside Candle

• Trade the breakout of the baby candle with its H/L as SL

• Pyramiding is done at the break of the mother candle H/L

• Try this only to the top 10 Nifty stocks.

1000 days ago, I started learning about Support & Resistance.

Here are 10 pointers from Support and Resistance that'll get you started in the next 3 mins: 🧵

Collaborated with @AdityaTodmal

1/ Understanding Support and Resistance:

• Support levels indicate where there will be a surplus of buyers.

• Resistance levels indicate where there will be a surplus of sellers.

• When the price moves up and then pulls back, the highest point reached before it pulled back is now resistance.

• When the price continues up again, the lowest point reached before it started back is now support.

2/ What is a Support:

• Support is the level at which demand is strong enough to absorb the supply.

• The price is likely to bounce back and moves up in the opposite direction.

• Support is a level where the demand from buyers is expected to be much higher than sellers.

3/ What is a Resistance:

• It is the opposite of a support level.

• It is a price point (ceiling) at which the stock price is not expected to rise any higher.

• Resistance is a price point at which there are more sellers than buyers in the market for a particular stock.

Mangottu Bhagavathi Temple
#Palakkad #Kerala
#keralatemples 🚩

Mangottu Bhagavathi Temple is situated in Athipotta near Alathur of palakkad district. Devi is kshipraprasadi here and grants relief to those who worship with full faith.
Mookken Chathen, situated on the Northern 👇

side of the temple, is guarding Devi here.
Story says that, once there lived a weaver named Kuttan who was a Devi Bhaktan. During one festival time Kuttan was so pleased by the Devi Vigraham that he requested her to come along with him. At that time wind blew heavily and Cloths

in Vigraham flew. Kuttan immediately decorated Devi with his cloth which stuck to Vigraham and returned to his village and with his Umbrella. Devi came with him in that Umbrella and stayed in his place. This place is Mangottu Bhagavathi temple now.

Amme Narayana
🙏🕉🙏

5 star RSI Strategy by @VishalMalkan

Unconventional approach of 60-40 RSI and range shift concept.

According to him,
whenever the market is bearish,
it won’t be able to cross 60,
and whenever in a bullish trend,
it won’t be able to cross 40.

Like & Retweet for Maximum Reach.

So, instead of the 70-30 Relative Strength Index,
we will use the 60-40 range for the RSI indicator for this strategy.

When the
Monthly and Weekly RSI>60,
& when the RSI takes support at 40 in the daily chart,
it may bounce back and most probably it will not go below 40.

If a bullish candle is formed at the 40 RSI level,
the prices may bounce back, and one can enter the stock.

The stoploss can be placed at the low of that bullish candlestick,
and the target can be the 60 RSI level.

When the
Monthly and Weekly RSI<40,
& when the RSI takes resistance at 60 in the daily chart,
it may bounce back and most probably it will not go above 60

If a bearish candle is formed at the 60 RSI level,
the prices may bounce back from there, & 1 can enter the stock 4 shorting

The stoploss can be placed at the high of that bearish candlestick, and the target can be the 40 RSI levels.

#banknifty

This range shift concept can be applied in any timeframe,
whether intraday, daily,weekly, etc.

Read this. U may get it for free.
Short straddle :
What is ?? Sell an atm call and put.
Instrument: mostly bnf and nf.
Now there are versions of it.
1. Best version :
Enter around 9.15-20 and exit around 3.20. No adjustment nothing.
1/n.

If u r doing it on zero leverage(meaning u have full capital of around bnf's notional contract,i.e. 40000*25 = 10lacs), then u r most likely going to make better than fd or anything like that.
Simple rules : friday,monday, tuesday do for weekly. Wednesday and thrusday next week

So, gamma moves can't impact much.
Another better version of mahesh chander kaushik is to do it for monthly expiry.
Bigger premiums and never hav to worry about 200-300 points sudden moves.
2. 2nd version : have combined stoploss of premiums and re-entry criteria. Example :

Let say 40000 straddle is at 600. Sell at 600 and hav combined sl at 650. Many algos are providing this. U can even place stoploss in % terms. Like, if sold straddle at 400 and placed 10% sl, means if 440 combined premium touch, it will be stoploss.
Let say, in morning,

U sold straddle at 600 and it sl hit at 650. Now, u placed reentry at 600 with same sl. This time may be linear decay happens and u may cover morning's loss and make some profit.
3rd version : stoplosses at each leg and trail sl to cost type.
Example , 40000 straddle at 400.

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