How to trade Bank Nifty by looking at charts of heavyweight banking stocks:

Volatility is high in BNF as fewer banks have majority of the weightage. Top 6 Banking stocks have approx 92.26% weightage, details are below-

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https://t.co/2FoDdZr8zk Bank - 26.61%
2.ICICI Bank - 22.91%
https://t.co/tzIRWzWg5S - 13.82%
4.Kotak - 12.28%
5.Axis Bank - 11.44%
6.Indusind Bank - 5.20%

* Indusind Bank have low weightage but it generally gives 3-5% move so the effect is there.

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Now we have to see the charts of these 6 banks. Depending upon your trade style you should select the Timeframe. Today i'll be covering for intraday only so TF can be of 5-15 Minutes.

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Points to be noted:
A. Never be short on BNF if any of these banks is making day high continuously.
B. Never be long if any of these banks is making day low continuously.

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C. When any of them makes new high/low then BNF gives a jerk of 100-150 points easily which can hunt your SL.
D. Many a times you will find that One bank is making higher highs and other is making lower lows and rest are at break even.

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This is how they manage banknifty, such days generally
ends up in a rangebound one.
E. Now you can get a fair idea what BNF might do by looking at intraday strength/Weakness of these stocks.
F. For me if any one of these stock is +/- 2% intraday and rest are breaking even

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then I won't go against the direction of the stock.

You can add this perspective to your existing setup. I'll be explaining about positional use of this some other day. Let me know if anyone wants to know about positional use of this perspective.

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The chorus of this song uses the shlokas taken from Sundarkand of Ramayana.

It is a series of Sanskrit shlokas recited by Jambavant to Hanuman to remind Him of his true potential.

1. धीवर प्रसार शौर्य भरा: The brave persevering one, your bravery is taking you forward.


2. उतसारा स्थिरा घम्भीरा: The one who is leaping higher and higher, who is firm and stable and seriously determined.

3. ुग्रामा असामा शौर्या भावा: He is strong, and without an equal in the ability/mentality to fight

4. रौद्रमा नवा भीतिर्मा: His anger will cause new fears in his foes.

5.विजिटरीपुरु धीरधारा, कलोथरा शिखरा कठोरा: This is a complex expression seen only in Indic language poetry. The poet is stating that Shivudu is experiencing the intensity of climbing a tough peak, and likening

it to the feeling in a hard battle, when you see your enemy defeated, and blood flowing like a rivulet. This is classical Veera rasa.

6.कुलकु थारथिलीथा गम्भीरा, जाया विराट वीरा: His rough body itself is like a sharp weapon (because he is determined to win). Hail this complete

hero of the world.

7.विलयगागनथाला भिकारा, गरज्जद्धरा गारा: The hero is destructive in the air/sky as well (because he can leap at an enemy from a great height). He can defeat the enemy (simply) with his fearsome roar of war.
Ivor Cummins has been wrong (or lying) almost entirely throughout this pandemic and got paid handsomly for it.

He has been wrong (or lying) so often that it will be nearly impossible for me to track every grift, lie, deceit, manipulation he has pulled. I will use...


... other sources who have been trying to shine on light on this grifter (as I have tried to do, time and again:


Example #1: "Still not seeing Sweden signal versus Denmark really"... There it was (Images attached).
19 to 80 is an over 300% difference.

Tweet: https://t.co/36FnYnsRT9


Example #2 - "Yes, I'm comparing the Noridcs / No, you cannot compare the Nordics."

I wonder why...

Tweets: https://t.co/XLfoX4rpck / https://t.co/vjE1ctLU5x


Example #3 - "I'm only looking at what makes the data fit in my favour" a.k.a moving the goalposts.

Tweets: https://t.co/vcDpTu3qyj / https://t.co/CA3N6hC2Lq