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SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 21-2-22
INTENT
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan.
Some readers feel that I am simply listing down several scrips so that if they go up I can claim so. This is not the case – I am not here to score any points. I am sharing my weekly analysis and if you like it, read it and if you do not agree, I am fine with that.
ON MY WATCHLIST FOR THE COMING WEEK
Important –
During the week, made 2 lows below 17000 and just above 16800. This is not a good sign as the index along with has been very volatile throughout the week. The volatility was on account of the tension between Russia and Ukraine, however, our markets reacted as if these two are our neighboring countries. Even the Russian markets did not react to the negativity that our markets have.
The above also triggered accelerated selling by the FIIs and on one of the days even the DIIs were net sellers. has remained above 21 and touched even 23+ which is causing all the pains in the market.
So please be cautious in your approach – we need to survive first and then thrive.
SECTORS LOOKING GOOD FOR LONG POSITIONS- NIFTY 17276
This is a condensed list after reviewing Monthly, Weekly, and Daily Charts. As such not all the sectors may get listed here and only those sectors that I find good on a weekly chart basis have been listed here. Feb 22 now has only 6 sessions.
- There are several sectors that have good potential on the basis of monthly charts but these do not have support from the weekly charts.
- However, only 2 sectors looked good on weekly charts as well as monthly charts and these are:
– CPSE
– Energy - This clearly indicates that Nifty is beaten down – at the same time, the sectors that have not been listed may spring a surprise and turn around should the market sentiments improve.
- So, the movements are likely to be stock-specific and not sector-specific. Of course, there may be good movements in sectors as well but there are resistances on weekly charts that may hurt the sectors but at the stock level, because of its bullishness, it must be able to scale higher levels.
WEEKLY TIME FRAME- FOR LONG POSITIONS – Nifty Spot at 17276
Asian Paints (NS:)
Bharti Airtel (NS:).
Bharat Petroleum Corp. Ltd. (NS:)
Britannia (NS:)
Coal India (NS:)
HDFC (NS:)
HDFC Life Insurance Company Ltd (NS:)
Hindustan Unilever (NS:)
SBI (NS:) Life Insurance Company Ltd (NS:)
Tata Motors (NS:)
TCS (NS:)
Titan (NS:)
Bandhan Bank Ltd (NS:)
IDFC (NS:) First Bank
Bosch (NS:)
Avenue Supermarts Ltd (NS:)
EIH (NS:) Associated Hotels Ltd (NS:)
HCL Tech (NS:)
Mangalam Cement Ltd (NS:)
Aavas Financiers Ltd (NS:)
Accelya Solutions India Ltd (NS:)
G M Breweries Ltd (NS:)
Godrej Consumer Products Ltd. (NS:)
Inox Leisure (NS:)
The wild swings in the markets continue so it is better to exit at least positions where gains have been made. This will release the capital as opportunities keep presenting themselves almost every day.
Please note that via this post, I am making an attempt to showcase how one can analyze sectors and scrips using different timeframes, and therefore, I have included only a limited number of scrips as part of the watchlist. Using this approach, I recommend that you analyze the scrips that you have on your watchlist.
I may / may not take these trades as not every opportunity should / can be traded.
Here is the Video Link:
https://youtu.be/4XfibygzE8c
The post is purely for educational & informational purposes only.
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