Swing Trading Opportunities for the week beginning 10-01-22

Jan 9, 2022

SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 10-01-22


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 - the indices have made good progress in the first week of 2022 even as the situation in terms of Covid cases is deteriorating by the day. Purely looking at the data, it is not looking bad at all, but the Covid related uncertainties is a big factor and that is why I have been cautious and will remain so for now. I prefer to remain with spare funds than letting them swing wildly once in the market.


I have filtered the sectors based on Monthly candles. Here are the likely candidates for the week -

SECTORS LOOKING GOOD FOR LONG POSITIONS-


Considering the Monthly Charts, the following sectors look good: NIFTY SPOT at 17812

At this time, I have also chosen sectors with an additional filter of Fibonacci Retracement using the Covid swing low as the base.

Auto
Bank Nifty
CPSE
FMCG
PSE

There are many sectors that are already strongly bullish and these have not been listed above. So if you find a sector bullish on the weekly charts, please check out the monthly as well to confirm its bullishness.



Considering the Weekly Charts, the following sectors look good:

Nifty
Auto
Nifty Bank
Commodities
Consumption
CPSE
Energy
Financial Services
Infra
Media
MNC
PSE
PSU Bank


WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 17354

Bajaj Finance
Bajaj Finserv
SBI Life
Dmart
EI Hotels
Fino Bank
HPL
Inox Leisure [Extremely sensitive to Covid restrictions]
IRCTC [Extremely sensitive to Covid restrictions]
Nucleus
Trent
TWL

It is interesting to note that there are many sectors where there are opportunities available for investing/trading, however, there are not many opportunities on a scrip to scrip basis as far as Nifty 50 and Bank Nifty scrips are concerned. This is on account of the fact that during the week, the market has made a significant move on the way up so many of the scrips are giving less than ideal entry points.

Also, I have not yet expanded my watchlist in view of the cautionary lines mentioned by me in the earlier part of the post. You may, however, deep dive into the scrips that you may have on the radar and follow the process covered in this post to filter the candidates for investing/trading.

I may / may not take these trades as not every opportunity should / can be traded.

Here is the Video Link:
youtu.be/jVwHxNZhsEw


Thank you for your time and Happy Learning,

Umesh
8-1-22
Not SEBI Regd.
The post is purely for educational & informational purposes only.