Technical Analysis and 3 Strategies to deploy for Aggressive, Moderate, and Conservative Traders.

🧵 Weekly Bank Nifty Analysis for 8th December Expiry:

To form a view, let's have a look at:

1. Multi-timeframe Technical Analysis
2. Option Chain Data

Also, 3 strategies to deploy for:

1. Aggressive Traders (2.6%)
2. Moderate Risk Traders (1.3%)
3. Low-Risk Traders (0.8%)
1. Technicals

Let's start by doing some basic technical analysis.

We'll look at:

• Weekly charts.
• Daily charts.
• Hourly / 60 min charts.
• 15 min charts.
1. Weekly-

• The market has given 4 continuous green closes, so not expecting a big momentum on upside.

• This week my view is that it can take a pause.

• Longer term trend is super bullish.

• Any dip will towards 41800 will be a retest, and should be used to go long.
2. Daily:

• Candlestick pattern—Hanging Man

• Chart Pattern—Breakout Failure

• A pin bar candle is very powerful but only after a downmove.

• Here it forms near the top of upmove.

• Means some sellers are present. Below 43000 can sell calls above 43600 for the week.
3. 15 mins

• I am seeing this rectangle on 15 min charts.

• Price broke the rectangle on the upside & failed to sustain.

• Now it's back in the rectangle.

• So weekly sellers can sell short strangles & if the rectangle low breaks, can roll down calls to a higher premium.
Option chain data:

• Opstra shows that the options chain data is flat to bearish.

• OI is being added on both sides on ATM options.

• Data is matching with our bias and technicals which is sideways until the rectangle low/high is broken.
This is the Option Chain Data I have taken from @iChartsIndia website.

The premiums are shown here for the strikes.
Strategies to deploy?

1. Aggressive Traders

Aggressive traders would have sold 415003600 calls as that's one strike above the breakout failure level.

Would have also sold puts as it is in a range. 42500 puts.

ROI is around 2.60%
2. Moderate Risk Traders

Can sell strangles of 44000 calls and 42300 puts.

ROI is approximately 1.34%.
3. Conservative Traders

Can sell 44200 calls and 42000 puts. This is a strangle.

Fetches you approximately 0.8% ROI.

You guys should be targeting 2% per month and playing far away from spot levels of BNF.

4 expires per month to make 0.50% each week and end with 2%.
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Check out @niki_poojary's analysis which she will post before Monday, hers is a bit different from mine each time.

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1 - open trading view in your browser and select stock scanner in left corner down side .

2 - touch the percentage% gain change ( and u can see higest gainer of today)


3. Then, start with 6% gainer to 20% gainer and look charts of everyone in daily Timeframe . (For fno selection u can choose 1% to 4% )

4. Then manually select the stocks which are going to give all time high BO or 52 high BO or already given.

5. U can also select those stocks which are going to give range breakout or already given range BO

6 . If in 15 min chart📊 any stock sustaing near BO zone or after BO then select it on your watchlist

7 . Now next day if any stock show momentum u can take trade in it with RM

This looks very easy & simple but,

U will amazed to see it's result if you follow proper risk management.

I did 4x my capital by trading in only momentum stocks.

I will keep sharing such learning thread 🧵 for you 🙏💞🙏

Keep learning / keep sharing 🙏
@AdityaTodmal