INTENT
The intent is to share my analysis and help you learn and identify the scrips of your choice on your own. These have been identified from the watchlist of around 150+ stocks that I scan through every weekend using the weekly charts. This helps me narrow down the tradeable watchlist for long-only trades for the next few days.
Important Note:
Nifty EOD as of 4-11-22 18117 & SGX Nifty EOD 4-11-22 18301 or +98.
Anyone who just read the SGX Nifty number would be jumping with joy and there is every reason for doing so. However, SGX Nifty only somewhat reflects the sentiment based on the US market close for the week. All of us know that Bank Nifty ended below 41300 for the second day and that too a few points lower than the previous day's close, which is a bearish sign. So please be mindful of this fact while looking at the swing trade ideas. Also, please remember that 8-11 is a trading holiday.
POTENTIAL OPPORTUNITIES USING WEEKLY CHARTS
- Adani (NS:APSE) Ports
- Bajaj Finance (NS:BJFN)
- Bajaj Finserv (NS:BJFS)
- Grasim Industries (NS:GRAS)
- JSW Steel (NS:JSTL)
- ONGC (NS:ONGC)
- Wipro (NS:WIPR)
- Gujarat Pipavav (NS:RELV)
- Muthoot Finance (NS:MUTT)
- Aditya Birla Capital (NS:ADTB)
- RBA
- IRCTC (NS:INIR)
- Orient Hotels
- Auro Pharma
- Oberoi Realty (NS:OEBO)
- TV 18 Broadcast Ltd
- MRF (NS:MRF)
- SAIL (NS:SAIL)
Conclusion:
I am surprised to see that fewer than expected names have appeared on the list. Nifty is well above 18000 and Bank Nifty is also above 41200 levels so I would have expected many more names to fight to get included in the list, but that is not the case. In my view, this can only happen when the up-move is not across the market but driven by the index heavyweights. Let us see how the markets play out in the coming week.
Please note that I may or may not trade any or all of the names as it depends upon my trade plan. I encourage you to take only calculated risks in line with your trade objective and risk appetite.
Note:
Not SEBI Regd & this post has been shared purely for educational and informational purposes only.